Bitcoin Forum

Couple of years back, some individual who feel they so much understand the financial market claimed Bitcoin to be a bubble as well as a delusion then, currently have a change of opinion. Niall Ferguson is one of such and this is an extract of his recent opinion.

British economic and financial historian Niall Ferguson says that cryptocurrencies will not turn out to have been a complete delusion, as he had once assumed.

https://cointelegraph.com/news/economic-historian-niall-ferguson-crypto-wont-turn-out-to-be-a-complete-delusion

With no doubt, it's becoming very clear to all that the revolution of blockchain and Cryptocurrency at large is unstoppable.

Well this is his opinion and probably many were going to be happy knowing about this man that could influence the cryptocurrency popularity. This is indeed needed nowadays in order to stretch the market price from the longest bear trend I guess since I am new in this system.

Anyway, if others would agree with it then it will be completely true that cryptocurrency is not just a delusion but it is at large unstoppable.

1. Warren Buffet said -

  (a) Bitcoin is an asset that creates nothing!
  (b) Cryptocurrency will come to a bad ending!

2. JPM CEO Jamie Dimon Said - 

  (a) Bitcoin is a fraud that will ultimately blow up.
  (b) The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.

Later, after few months/years, both took U-turn. While JPM launched their own blockchain and Mr. Buffet has reportedly invested $600 million in two fintech companies. Niall Ferguson is just another addition to that list! Thanks to these master fellow for free bitcoin promotion!

All nay sayers that once lambasted the bitcoin and Crypto are now gradually rescinding their statement after the crypto market continue to grow imapct the world, giving the traditional banking system a big concern. Infamous of all is my lovely brother Dimon Jamie, the CEO of JP Morgan. Change is inevitable we can't continue with this unfair financial system, where money is created from thin air just to enrich few and enslave the rest.

neither of these two are considered "U-turn". they both are still on the same path as they were before with the same mentality about bitcoin.
- JP Morgan is threatened by bitcoin because as bitcoin grows, their power shrinks and they can continue their corrupted ways and their revenue is going to be cut short. the only reason why they created their own cryptocurrency is because they are afraid of bitcoin and don't want to be fallen behind.
- Buffet doesn't understand or wants to understand bitcoin, he is old school and believes that only businesses and factories that produce something physical or give some sort of service are worth investing in. which is why he invested in the companies not in bitcoin itself.

Lmao. Could that be the reason why he changed his mind?


Do the fintech companies Buffett's company invested in have anything to do with crypto at all? That deal happened last year and he denounced Bitcoin again recently. There hasn't been any indication that he's changed his mind about crypto. Not that it matters to us of course.

Back in 2012-2013,even I was thinking that bitcoin has no future and it will eventually fade away as the next shiny object/scam.6-7 years later,I know that I was wrong back then,so I completely understand people like Niall Ferguson.However,the bitcoin price is a bubble for sure,but that's not something bad.

It's an obvious fact that the guys are very scared of been irrelevant anymore in the financial market, thus would do anything to give negative comments/reviews about Bitcoin based on their selfish interest.

I'm very confidence that Bitcoin will put all naysayers to shame and stand out to fulfill it's purpose - Financial Freedom.

We both know know there will always be a reason behind every man action and maybe either for good or bad. However, we shouldn't be expecting a good statement from people like Niall Ferguson and other politic leader because they know crypto currency is good but the always make a false statement in other to make people panic.

I just want to say about Warren Buffet... the guy is 88-years-old and is still out there buying newspapers and railroads. He's a dinosaur. You think he would know (or even understand) the first thing about bitcoins or cryptocurrency??

He doesn't even know how to use a computer ffs and has people on his payroll to do all of that for him. People really need to stop taking such high esteem in everything he says about it. We might as well get Kim Kardashian's thoughts about astrophysics while we're at it.

It's great that some close-minded people are now opening their cerebrum to the possibility that one day, cryptocurrencies will be a part of the world's financial system albeit not as significant as fiat. It's a great start, but certainly not the end of the road since it might create a domino effect to the once-closed-minded people that condemn cryptocurrencies. Once services and big firms opened their doors for crypto, no matter how little that opening is, people will jump ship and start to shill the hell out of crypto once more.

The economic and the financial historians says that cryptocurrency will not turn out to a complete delusion . Historians have questioned whether fiat currency collateralized cryptocurrencies will ultimately create a new form of money that is bitcoin as an example .The historians suggest that crypto's  non-correlations to traditional asset classes may well  make it attractive for certain investors . The only way global public block chains can accomplish a fully objective is to maintain inherently unstable and unsustainable stance ... Politics points a powerful stand alone tool because it allows no identity and study  emerging trends in block chain governance and it allows to see.how crypto laws are made .

I think a lot of the old school economists are becoming despondent with the Fiat system and they can see the cracks forming in that system now. Bitcoin introduced some alternative system to them, that might just be more effective than the previous system and some open-minded economists are seeing this potential now.

People like Warren Buffet are resistant to change, because old people do not want to learn new things anymore. They made a lot of money from the cracks in the old system and they will not be around when it collapse.  >:(

Not just only Neil Ferguson other economist, financial analyst etc has all aired there pessimistic opinion about bitcoin and cryptocurrency and has failed so far

Bitcoin was not really a big threat to the banking system and the amount of lost profits was low for them. Meanwhile, their loud announcements were made during the crypto hype. And tbh they were right because cryptocurrencies were overpriced.

His strategy is to buy something underpriced and sell it on the normal price. This is one of the safest way of investing which can be used to invest huge money. If you invest billions into cryptocurrencies then you are probably retarded.
Once again. BTC was overpriced on that time and Buffet was right.

Most of those who see them self as economic experts that have made different statements about bitcoin in the past in a negative statement are now turning their statement into positive one because they have now seen the potential of bitcoin and at that have discovered that bitcoin is never a bubble and bitcoin will survive and the blockchain technology is here to stay.

Do we expect an 88 years old man to support what outcome he might not experience? or to lay a competition for his fiat businesses?

We know cryptocurrency is a competitor to fiat and so many fiat business men wouldn't like to see people build wealth from areas they have assume as "bubble ". That is the reasons for negative assumptions.

That would be good but stating the fact that current market condition really affects investors decision making in these times of bear trend. I just wish one day when I woke up BTC and other crypto will have a huge market price increase and everybody will be happy again.

I don't see any issue with it, anyone can change their mind about Bitcoin and Cryptocurrency, once they see how good this technology is they will change their mind and in fact become one of its ardent supporters, I wonder when will Beatty change his mind about Bitcoin and support it.

One person has to said like that about bitcoin, and soon the other people will have the same opinion. They will have one voice to support bitcoin, and all of them will agree with bitcoin.

Soon, if all people can unite in the bitcoin name, the government will realize, and they will approve bitcoin too. And when it's happening, bitcoin can reach all nation and all people.

It is a new era which digital technology will exist among us with or without we can realize. Bitcoin will make a better financial in all countries, but before it's happening, we need to be patient.

most of the people who initially said bitcoin is complete delusion or just a bubble are beginning to understand bitcoin is beyond what they think. Only recently J.P Morgan having condemned bitcoin for long is now coming out with own cryptocurrency called JPM. That shows bitcoin has so much potential which the world is yet to realize and they are gradually doing that. I always feel excited when i see news about people like this who have spent time critising bitcoin come out to change their statements support bitcoin. Bitcoin is here to stay and more persons who spoke bad about it in the past will come to realize this with time.

I am really not surprised at people who after saying negative things about bitcoin, come out much later to turn things around and say positive things. The truth is majority of these guys barely understand crypto and its working principles. Majortiy of them jsut feel like talking so they will be heard but then the benefits of crypto can not be over emphasized. Crypto has come to stay and it will forever change things for good.

I think you are talking about market manipulations created by whales. They are not controlling the market but they'll have the power to make some hypes which makes prices moves high but in few days it will turn dump again.

It is obvious how people adopt the system and it makes this things not in a delusion anymore.

You will see many economist who were against bitcoin in the past will change their attitude towards it in the future and Niall Ferguson just started the process of understanding what the current market is all about. There is no doubt in anyones mind that bitcoin is an unstoppable force and the economist did have a hard time understanding the concept in the beginning as majority of the well known economist have no idea about technology and so is the reason many called it a bubble and so on.

All what they do is hype a certain project or cryprocurrency thereby forcing more investors to push money into such assets, which we know definitely push the price up to a convenient spot before they (whales) eventually dump and move on to the next available project. This has always been their routine but over time as the knowledge of Bitcoin and blockchain technology expands, investors now understand the market and often times carry out a thorough due diligence before jumping on any project.

It's great to see big name people start leaning towards bitcoin being something more than a scam.

I still can't convince my buddies to get into it.
It will be a good day when I can say
 "You should've listened"

Then driving away into the sunset in my brand new gold Lamborghini...

Many traditional investors try to implement the wrong idea to other because they don't want to accept crypto as an investment, they still think the only legit investment is the one that is tangible, crypto was created due to the people's demand, people that wanted a freedom for transaction, so the purpose of crypto creation is really clear, and so far crypto has been giving huge profit to who invest earlier

the first five years of Bitcoin people will think that it's a bubble because of the rate that people are adopting it and how price is skyrocketing, but after ten years, there should be a shift of mindset companies and big personalities are coming in and we have proven that cryptocurrency is a technology that will live on.

People usually doubt cryptocurrency such as bitcoin at first but when they get to know it more, they'll learn how it works and such. The difference is just they are popular and influential and when they say things, it becomes an issue. At first they will tell negative things about bitcoin and would go completely against it since they have the wrong idea about bitcoin but when they get to know more about it, they will realize it and admit they were wrong

it doesnt really matter what people say they all talk according to their agenda.

so its pointless to care

Indeed, everyday we'll always looking forward for more great news with bitcoin and as we hope for that many challenges will came in. Don't be too emotional in case there's a provoking scenario that will attest you during fluctuating period of price. Cryptocurrency will not turn to be worthless, but in exact time there's big bomb that will blow out when bull run hits the target.

I think those people don't realize what bitcoin can bring to them so they can say bad things about bitcoin. But after they see the benefits from bitcoin, they think, they are open their mind, and finally, they are accepting bitcoin. Crypto is not to threat fiat but it will help fiat in the financial business, so it's too naive to hear people say about bad things about bitcoin. I hope that soon, they all will know the truth of bitcoin and they will join in the crypto world.

It's all about accepting or not accepting cryptocurrency by people. A crypto-currency will develop successfully if it is accepted and used by people. Without people who actively use cryptocurrency, it will be dead. While we can not say with certainty what is waiting for cryptocurrency in the future. Most likely, it will grow and develop. However, other scenarios are not yet excluded.

Well Niall Ferguson is not the only one that has spoken negative things about bitcoin, I remember J.P Morgan, Bill Gates and several other people. Today, one by one that are all coming back to say bitcoin is the future after realizing bitcoin is the next big thing the world has been waiting for. Just recently J.P Morgan proposes own coin called JPM. Obviously the benefit and potentials of bitcoin is too much for anyone to neglect.

They have no other option but to withdraw their words, it was very easy to dismiss bitcoin as something that will never be successful, since they felt the economy was strong and bitcoin was weak, but now they are seeing that things are changing, despite the crash we suffered the market of cryptocurrencies is still worth 130 billion and the prospects for the future are very good but for the rest of the economy things are not looking good.

The most powerful countries around the world are indebted to levels that are unsustainable and banks and other institutions are still weak thanks the the previous crisis and finally they are still gambling in the market with financial products no one understands.

Which also can lead to more businessman to change their position about this chain, the system can be more developed and adopt by certain businesses and government institutions, is no longer the time of bubble thing or criminals safe ways but reality that blockchain is a big addition if executed well and make a good usage, the potentials are big and everything will turned into reality maybe some more years.

The bad preconception which they have revealed about bitcoin were they didn't know the concept or development a technology per day or per month correctly. But when they feel the conversion of the technology, later on they will full the word which has been disclosed and made a new statement to supports cryptocurrency. So, let them opine with what they have felt because the changing times will be accompanied by technological developments. Maybe someday all countries will accept cryptocurrency well because if they don't do that then technological development in their country will be left behind, typical of a country that still glorifies a ancestral belief.

People maybe don`t understand things good but that shouldn`t be case whit economics and financial historian. They have reputation that have to keep, therefore obligation not to talk about something that are not sure about and if do not understand well, they shouldn`t make any comment on it. That is the reason why people should take statements from an experts with caution or reserve. It is always good to hear lots of different opinions but just to get informed, to help you create your own picture.
Maybe this man learn more about the subject and now can give his opinion from different angle. Maybe he has his own interest for presenting different opinion now. Imagine you are reading his statement from couple of years ago that is opposite than now. Now, you can find more experts at this moment talking about bitcoin in negative connotation and some people are taking those statements for granted. Two years from now, in 2021 they come out with different story... I`m just saying, maybe couple years from now he will say some other story again...
And crypto won`t turn out to be delusion  :)

Widespread usage is making it unstoppable. When countries like Venezuela start using it as their main currency you know it has real world use and will never be blocked

JPM coin is a scam though if you look closely to it its only made for you to fund their own system rather that give anything to you for your future gains. Those who are investing in it will be allowing banks to remain empowered. Thereby these investors though feel like supporting an altcoin are actually degrading the bitcoin ecosystem a lot.

Benefits of bitcoin is what we should be caring for. Not some billionaire-owned shitcoin which is being bagholded by several others in the same propaganda ring.

Nice publicity of bitcoin in the face of media though. We havent had such incidents much last year. ;D

Fact is that those people should've analyzed Bitcoin and crypto in a different perspective other than how traditional asset classes are examined. They did with their "old knowledge" forgetting that this millennial generation are already up to something big.
And this is just the beginning for all of them. They are really going to take back all their words for saying what they said. The future is bright for us.

When i started to work with bitcoin,, then i read most of these type of articles, but mostly speculations are not come true. Now i work with bitcoin and i gain money from bitcoin. I think we should see what we are thinking about bitcoin and in market value. In my view, crypto is best now and also for future. 

It's nice to see some people changing their mind, but there are still lots of those who do their best to ignore accomplishments of cryptos and stress the 'bubble burst' in 2018. I also like it that Ferguson is against stable coins, because backing up crypto with fiat truly does not seem to be a viable long-term solution.
I don't thini it's about age per se, it's more about experience. People who've done something rather successfully for a long time already developed their basic principles of doing that stuff. When something new comes around and requires a shift of views, they don't want to betray what made them successful so far.I hope you're not talking about Petro coin know, because that government and its centralized currency are not trustworthy.

These people are like politicians and they just say what people want to hear. Most of them are very experienced in manipulation of financial markets and they think they have the power to control cryptocurrencies but they are wrong. Crypto currencies are unstoppable.

       Crypto will revolutionize the world. The word "crypto" is increasingly popular and increasingly promoted this market. Many stores in different countries have already adopted the payment currency, Bitcoin. I really believe in Bitcoin and am convinced that the skeptics will believe in Bitcoin. Skepticism usually acts as a defense system for people, but with the passage of time, I think they will change their minds.

I think that many public figures who spoke badly about bitcoin will soon change their opinion. Because I believe that in the future bitcoin will strengthen in our lives and everyone will use it. Accordingly, they will have no choice but to accept it.

he gave his opinion, but my question is:

- Why does his opinion matter?

each person will always defend their own interests, the main point here is that cryptos not yet regulated in all the world and this makes the faces that are of the governments and banks and millionaires look cryptos with serious fears and are attacking bitcoin. If someone does not understand something and does not want to understand it and looks at it as a great enemy, then the person will criticize and speak ill of that thing. For example, some people in the banking industry and governments consistently say that cryptos are used to commit crimes, but these same people have never done a statistic where cryptos VS Fiat is compared and who has been used most to commit crimes

The full potential of crypto has not yet been revealed. It takes time for people to realize its usefulness. This is a technology with a great future and all the negative statements about it are just misconceptions.

It's not unstoppable, but it has surely been put on hold. 2018 was a horrible year for bitcoin, early bitcoiners are now fractured into 3 different fractions, all of which are failing. LN still requires custodial wallets, BCH development is moving slowly and in a questionable direction, BSV has attracted many capable people, and I can't explain why they'd stick with a coin led by a scammer.
I think 2019 is the year we stop the infighting and focus on taking down the banks.

I'm not found guilty with that. People are still looking for some basis that crypto could be trusted and even give the securities with their money. Not really that easy(security) if they'll never wanting to help it cause its all about of how we handle our wallets and keys.
With this matter, some were just fooled into unsubstantial news twisted their mind and get turn off. But for us who stayed too long in crypto, its totally not a delusion anymore.

I think they knew from the start that blockchain is good technology. but because they want to buy bitcoin at a low price, they finally created FOMO. and after all that would say good things about crypto. so do we still trust them?

Who the fuck is that Niall Ferguson?

And why should we care about what he says or thinks? I guess he is neither the first not the last to have a change of heart and opinion toward crypto all of a sudden (let's call it "insight"). We will likely see a lot of such dudes in the nearest future who open their mind and start seeing the true potential of cryptocurrencies. Anyway, until Warren Buffett himself admits being wrong about crypto, this doesn't count

If and only if Warren Buffett publicly admit his wrong opinion and accept the truth but pride and ego wouldn't permit him to yield. Above all, whether Warren admit it or not, blockchain is no respecter of anyone's opinion as the technology will continue to grow and the market controlled by the community at large, not just a thought of one or two individuals.

It is good that he went back to correct his previous opinion even partially
I hope other arrogant people have such courage
crypto and blockchain were found to stay.

Bitcoin is backed by the blockchain which is going to revolutionize the way we do business and perform transactions. it will make data immutable and transparent for everywhere. I think it will usher in a new era of money in the sense that Bitcoin is just the first mover.

I see Bitcoin as the digital version of Gold, and should be regarded as a great investment.

we quote every semi-unknown financial historian now ?
and are happy he reverted his opinion , hurray! what a victory for bitcoin
in all honesty this is just another blogger or a journalist that had nothing to write about
when people of his profession are running out of ideas (and money) , they wake up
drink some beer to figh hangover and try to think of ways to earn some money , so they usually come with " X.X.Y said that bitcoin is bad/good and won't/will change the world"
or " bitcoin will be worth xxxxxxxx by the end of yyyy"

Of course Financial professionals has misled many people in the world by saying that there is no future for Bitcoin or cryptocurrencies but the truth has revealed now due to massive number of new investors and large scale adoption rate which is undeniable for any one and that is the main reason even governments are keeping an open mind regarding cryptocurrencies so the truth is crypto was never a delusion

jes crypto will end up with a society that has no regular accessable basic goods (internet, education, food, clothing)

a highly violent sphere, meaning to get recognition (moneyprinting king queen) people will use violence again, to surpress others,  all has been seen in countless tribal wars in the middle east. why do they hate and kill each other? for same reasons this bitcoin talk has anti spam filtration. they all want to access consumption capacities, not provide them. being an earner/worker sucks, being the money printing ruler is awesome.

people will stop talking to each other, because they want all just to shill their coins it will be pointless to talk.

market will have no universal truth only lies deception, shilling, corruption.

sooner or later a dominant excluding nation state society (russia, china, india) will start to dominate everything again, like usa in the past.

regards

I mean, this days a lot of accurate actions are being called delusional. Just like the people doing those actions.

Of course it won't be! - The future will prove it. If you look careful you will see the huge benefits of Blockchain and how it will definitely change a lot of system that implement it, changing our everyday life too.

Some people deny for personal interests, others because they don't want/can't see the truth, others because of a bit bigger interest than just themselves. At the end it will be irrelevant, the truth will prevail.

It is no longer news that so many people who have critisized bitcoin in the past are now coming out one after the other to support bitcoin saying positive things about it and its usage. Bitcoin will surely not turn out be a delusion as it has so much prospect which the world has recognized and are gradually turning to it. Niall Ferguson has seen the light bitcoin offers and now doing the right thing supporting it.

What the hell are you talking about? Are you still disappointed with the direction bitcoin is taking? if you were to impose your ideas on the direction bitcoin is taking, would not it be a dictatorship? You also have the option to create your own altcoin to rival bitcoin. Why do not you try to see if will it be a big failure or not?


many people want all media attention to them and are using bitcoin to get that attention

Of course not, but Bitcoin could also become just a digital currency that has no market value in real life. Like for example the currency of the video game second life. And that's not really the original plan of Satoshi and Bitcoin. That's not what we're interested in, our interest is the mass adoption. Bitcoin will never become a forgotten currency, but as I was saying, it could just become a geek's currency.

Bitcoin is like a bubble that needs to fly high enough, it will explode, and it is still ongoing now. But I still believe that Bitcoin can gain the trust of everyone to become official currency.

The hype in Bitcoin in 2017 was crazily high and the greed of more investors wanting to.cash out without understanding the market led to the ATH of 2017, while the wise investors took out their casha, which resulted to the sudden tank, which Bitcoin is yet to recover from. Guess this makes many til believe Bitcoin is a bubble that would burst someday.

Bitcoin has many times inflated and deflated like a bubble , and I think that the growth in the future will still be , just few people will wait for it , I think when everyone will panic then it's worth buying !

That is true, saying why didn't i invest before?

That is something a lot of us say tho one way or another to be fair. Now some people who can't see the future potential capacity say it too, i know one in particular.

And more will come in the future my friend. It's all about timing and adoption, the more it is accepted the more people that will start taking it as something real and serious.

There is way too much infrastructure for bitcoin to fail. It is becomingna national currency in venezuela and when other economies fail they too will switch to bitcoin as their saviour

I agree bitcoin has already proved itself well in the market , and I generally doubt that something will happen to it , after all, the cryptocurrency is decentralized, and I do not think that someone will change it !

Well we all know that crypto would be staying with us for sure and it have many strong walls now.
The fact that there are now more users and company willing to accept or make crypto is a great news for us.
It just shows that crypto is here to stay and crypto is now going to play a huge part in the future .

Bitcoin has ironically "died" several times. This is a running gag that people who are idiots will go around saying that it is dead every time its price drops but it even then comes back with bigger price. This is a part of the cycle and there is no absolute end to that cycle, at least for now.

What happened in one country should be the example of other countries but then we also have to consider the financial condition of Venezuela prior to this - it was collapsing and people had to cope with a huge inflation rate. Such conditions do not happen everyday in other countries and may happen in future. Overall if you are taking this news as a bullish hopium dose, do so with a bit of salt. ;)

It would be hard to reach new ath since there would always be sellers in the market. It would seem that in the price will not increase indefinitely in the future because of this. However, it is undeniable that it is not a delusion since it has actual use case and has potential as a store of value.

Bitcoin has a future because the system based on technology whilst the mindset of most people will change slowly where the technology highly affect their minds. For instance in my country, before the online shop is crowded such as now they are very reluctant to use it even assuming that the online shop is scam or a place of fraud. But if I see now, most of them use online shop as easy place for shopping, even as a place that most liked by many people.

This is what will happen to bitcoin in the future and may some people has revoked the babble about bitcoin in the past. Related to the government, actually I have a little confident to them, they may still selfish to accept bitcoin as payment system or as a place for investment and be included  into several categories such as commodities or property. Most of government will still look to bitcoin as a currency which they could not accept rashly.

The market at present is stabilizing much more than the days till 2017, upon which this could give a big bullish trend. Though the sell market is found high the level of adoption is increasing which compromise inflow and outflow in the market. Till an user finds a good profiting it will be hard for them to accept bitcoin.

That doesn't mean a shit

Technically, this is a logical fallacy and a false assumption like "too big to fail". But even the biggest ones fail sometimes like Lehman Brothers (with definitely more to follow). I remember people claiming that mining costs would be propping up Bitcoin's price somehow. It never happened and in real life miners started to sell out their mining rigs for pennies once mining stopped being profitable

Also, keep in mind there is no government to bail out Bitcoin if things turn from bad to worse for it (just a phrase as Bitcoin is doing perfectly fine now if you ask me). In fact, all governments will be rubbing their hands self-satisfactorily if Bitcoin bites the dust at the end of the day

Well it's a risky investment anyway when there's nothing backing up, but at least it's something technological valuable, unlike tulips which does nothing. Many days crypto are delusional cause people are expecting to get easy money but that's the fact nowdays where poverty is high. Big players are always above us and having a controlled hope on crypto is worthy at least for me

as what they alway's say  " all things in life are risky " and of course that includes crypto investment's   . if you want to earn a profit you must willing to face the risk .  anyway ,  crypto is backed by real investors and thier developers  . some cryptos are backed by big institutions and companies   .


what tulips ? can you name one ? there alot of tulips online but some people also consider crypto as one , just because they see that the value of crypto can rose and drop instantly  . they dont know that its only normal .


its a fact that poverty is high especially on poorer countries ( ex. on 3rd world countries ) but its wrong to see a crypto as a form of easy money  . that's the biggest mistake people make that cause them to become more poor  .

He means the Tulip mania or Tulip fever. It is a time in history when the price of a bulb when extremely high. You can google it.

Fluctuating price is not normal and should not be normal. We are just considering it normal because we get to accept it. There will be a time when the price of bitcoin will stabilize but not yet now since price can still be easily manipulated.

It largely depends on your point of view

That is, how you look at cryptocurrencies in general. If you see them as a vehicle for speculation (which is a perfectly valid assumption in respect to most altcoins), then fluctuating prices is what you should expect and in fact hope for. Conversely, if you come to think of Bitcoin as a store of value (aka digital gold), then bursts of volatility is definitely not something you would like to see

All that said, the current dynamic of Bitcoin prices shows high tendency toward less volatility, so this time may have already come. For example, we have recently seen a lot of price action in altcoins with trading volumes surging. That typically means speculative capital is flowing from Bitcoin into other cryptocurrencies as there is more potential for speculative action, which is supporting this observation

There is no delusion there.

Bitcoins are mined and people are using them for transactions. There goes the demand and supply flow. Again people speculating on the price of bitcoin as an asset. That is why the prices fluctuate. That does not mean that the prices are not going to fall ever. They do fall and then go back up again. What people think as fake/scam is what they pronounce as fake too. They do not understand the technology properly and thus make such claims. There is no such use case of bitcoin that we can think of here but what is was built to overcome is happening and although we cannot foresee what will happen in future we can only speculate. ;)

This wouldn't be a complete delusion just look at how far it already went.
Look at how much it have survive and how many countries and business have already accepts it .
This wouldn't be a delusion it would walk straight to the future it would be part of the evolution.

firstly many people do not really understand what cryptocurrency is all about, all they just do is to just criticize badly and turn a lot of people against it. this kinds of people have influence which is why they can use it without thinking twice sometimes. the cryptocurrency revolution is too strong than what one person or government will make effort to pull down and succeed. everyday there is new development , people are making efforts to create something that will ease living for humanity. this is more than just a bubble.

Most of the time those that do not understand what bitcoin is about are average people that have no experience thinking about the economy, but the people at the top know very well what bitcoin is about, cryptocurrencies are an attack against their interests an if they could they will destroy it but they do not know how to do it because satoshi design was so ingenious that any attempt to try to do so will fail and will only make bitcoin stronger.

So even now they are trying to figure out how to do it but it seems they are realizing that they will not find a way anytime soon which means that they may try to join bitcoin and to try to destroy it from the inside with their influence and money.

See even those who once been against Bitcoin is now accepting the fact that it would be part of our life.
We couldn't go blind on this because it is clear that the world is adopting to crypto little by little .

It is not clear what you mean by the world adapting to crypto

Yes, everyone is now familiar with Bitcoin if that is what you mean, but without common people actually starting to use it for any real-life purpose (or even speculation), it doesn't amount to anything in particular. Further, people seem to overestimate the importance of cryptocurrencies as such on a grand scale (I know, we all want to believe)

It is a way of living for many people as well as a means of living to likely as many, but on a world scale it is still pretty insignificant and inconsequential. In other words, crypto mostly produces noise, i.e. everyone loves to talk about it but you know talk is cheap

Yes we are making noise and as we all know crypto isnow being accepted as a payment method.
So you could say that we could now use it in real life .
Little by little we are making Bitcoin be part of our daily life.
And the noise and cheap talk is now making it's way to be part of the real world.

Complete delusion? That's a big word. Maybe people did not really understand bitcoin. How can you say delusion if cryptocurrency helps you to improve your life? Can you also say delusion if crypto will help you to have an extra income or a full time income because you are unemployed? Make sense everyone, bitcoin is real and don't need to criticized in a negative way.

And it's already bring used today. It has actual use and actual demand and i'm pretty sure that future transactions will move around crypto and digital modes. That makes it relevant. Maybe you can't see it now but a lot of us do see bitcoin becoming one of the top altrrnatives to fiat a couple of years from now.

Have I look it before but I proven to be not a delusion anymore as I understand the way it used to be and its huge contribution to the community.
It have a big role at this new generation and hoping that the others could appreciate it same thing how cryptoners appreciate it.
Maybe we should have to open our mind for another and best opportunity. 

Bitcoin has survived so far, users continue to grow, adoption continues. and that proves that bitcoin is able to continue to grow.
this is not delution, bitcoin will become popular someday because bitcoin growth is real!

Noise is meaningless and mostly useless

There was plenty of buzz in 2017 and so what? It was all sheer speculation gotten out of control in that day and age, and now we are basically back to square one. Speculation didn't help adoption. In fact, there are solid reasons to believe that it actually impeded adoption as most people come to think of Bitcoin (not even speaking of altcoins) as a speculative vehicle only. And we cut the crap (as well as empty talk), it is what Bitcoin is (and a dynamic hedge against fiat currencies, to more advanced and skilled strata of users)

The use is still very small among a certain niche of users. Specially those who are hedging funds with crypto, gambling, trading and those who live in countries where crypto is accepted as official mode of payment. It may be a good alternative to fiat but there is some speculation among people who are not yet knowing this side that its something to do with criminal and all. This thought has been propagated by the wrong people to instill fear.

I see nothing wrong with buying and asset and then selling it when the price rises. Then buy more once the cycle restarts. Its profitable and does not need the opinion of others to weaken your resolve.

I've come to the conclusion that people like Nouriel Roubini and other naysayers are trolls looking for attention or are simple being thickheaded. If bitcoin was going to die, it would have died already. It's been 10 years! These idiotic obituaries just won't go away.

This is exactly what the incorrigible speculators think

That is kinda normal as it is perfectly normal for anyone to jump at an opportunity whenever it presents itself, whether it be in trading or elsewhere. With that said, though, speculative trading, i.e. trading focused exclusively on buying when the price of an asset tanks and selling the asset when its price rises, doesn't add anything to real value (at least not directly), even though it is said to add liquidity to the market. But the latter seems to be true only when there is enough real value already, otherwise it sooner adds to volatility instead

Everyone is free to say his mind without being harmed. At this point anyone thinking that bitcoin is delusional or a bubble has not been following well. In some other views all these r simply used to convince their following to buy or sell

With gradual mass adoption, I don't think personally that Crypto will ever turn out to be a delusion. Shopping malls and banks are now accepting Crypto making it more attractive to the mass thereby enhancing its adoption whereby revealing a steadfast block to delusion.

There is a lot of disbelief and doubt at this early stage, hence we call it a risky stage for bitcoin and crypto.
But as we keep supporting it and the adoption is doing well, eventually it will grow bigger and people would be aware that this is legit and it's needed for a better world.

I guess you're correct, some oldies do not want to learn new things as long as the old things are working for them but we can not please everyone to believe in a new technology that we believed in. I m not against fiat system or Crypto Currency decentralization system but I think both of these valuable things can work together for a better future. 8)

some maybe but other older people do also want to adapt new things or new technology that they see around them  . one example is the smart phones and social medias  , dont you guys notice that people on all ages are involved with it . of course that includes older/mature people  . same thing goes to crypto . they also want to adapt it because its obvious that cryptos are verry promising investment not just investment but a verry useful tool to  .

Yes, some people accept the change while some won't cause we can't have the same opinion. However, that was not the reason behind Warren Buffet negative statement about crypto currency and if I were you guys I won't be bother or take him serious because he was scared of crypto currency spoiling his annum profit because he's among the share holder of some banks in the US.
What do you expect him to say about crypto currency?

sure, everybody has own opinion, that's quite normal.
regarding crypto - well, some believed it and participated on the early stages which brought immense profits. though, we act blindly in many cases like this

I'm not even going to try to ask who are those "they" you are mentioning... it's becoming more and more obvious to people.
But I seriously doubt, that there is any plot against bitcoin going on today. There might have been one in the past, for a moment but now we can see how all major industries, are implementing blockchain. How new hype on stable coins is forming etc.
Delusion dilemma is out of the question for quite some time, only uninformed, jealous and close minded folks are what's left in the dispute. It is their bubble that is going to burst one day, not bitcoin's. Amen  ::)
 

Surely because the difference in  opinions and given the power to create a new coin within seconds every other person here can get another shitcoin going and promote it for a future pump and dump. Nobody actually cares where you are putting your money in and even if you buying that shitcoin you are the one who is soon going to be in loss. ;D

That is a vague opinion. People had bought at low prices and they did sell at high prices. Again there were people who missed the train and becoming over enthusiastic they bought at all time highs and suffered big losses. What is profit for one will be loss for another one. :)

crypto is not just an illusion. This currency can not be physically seen and held, but we can use this currency and we can feel the benefits. This currency is often considered unreal and imaginary, but with this currency, there are many payments that get rich and many earn income.

BItcoin has changed the lives of many people around the world, by trading or investing in bitcoin for the past ten years. There are many sweet stories that follow the journey of bitcoin so far.
In my area there are bitcoin owners who can make their families happy from the benefits of managing bitcoin. In fact, it eventually becomes a resource when there are people who want to deepen crypto in general or bitcoin in particular. This is not fantasy, but a proven reality.

An illusion is a false perception of something that does not exist. There is a huge difference between illusion and delusion. Google them and read about them.

Bitcoin exists because it is created by mining and then transacted among people as a currency. It is same in terms of how the barter system and then coinage systems came into action.

Bitcoin is 100% real. We even have physical bitcoins which are regularly traded in the "Collectibles" section of this forum, though I doubt any of you have ever actually gone to that section, since you all are busy spamming for post counts. No offense.

Back to topic, bitcoin wont make a person rich in one day. They need to trade and do it with skills in order to buy at a low price not panic sell and sell a high price. Without that it wont make a person rich. Yes it has benefits but the acceptance is also low which is the reason people tend to call it "unreal" or "delusion"

The truth is so many people who spoke against bitcoin in the past, saying negative things including bitcoin being a delusion have come to realize bitcoin is the future and has come to stay. They have seen the great potentials which bitcoin posses and are all beginning to accept the fact that bitcoin is the future. Nice to know they have come to realize this and are accepting the fact that crypto wont turn out to be a delusion.

Crypto money cannot be seen physically, because of its digital use and ownership so that it is only available on the internet, but can be used to pay for transactions in countries that have legalized it, for trading or for investment.
Crypto is actually the future money, where the value can be expensive depending on the amount of supply and demand. Even today Bitcoin has reached a price of USD 6137, and I am sure that in the future it will continue to increase.