This is not a price speculation thread, but a call.

People should have a much more healthy approach to cryptocurrencies than "get rich quick" and should use bitcoin even if it was going to take 100 years (or eternity) to break ATH again.

Only then the whole system makes sense, otherwise, even if Bitcoin was not meant to be a Ponzi Scheme and obviously is not a Ponzi Scheme, it is actually approached by many "investors" as Ponzi Scheme and they hope to be at the top of it. That is simply wrong.

If different crypto news stopped speculating about the price all the time it would be beneficial for the quality of the whole crypto sphere.
If people stopped being obsessed by the price, it would be good too.

This is an honest call to everyone to start treating this great invention as it's meant to be - digital money. Including crypto news websites and youtubers who think that putting higher expected bitcoin price in the title will bring more clicks (and sadly, it usually does).

One says 1 million USD in 1 year, another says 10 million USD and so on... stop it, please. You are doing it wrong.

People should have much more healthy approach to cryptocurrencies than "get rich quick" and should use bitcoin even if it was going to take 100 years to break ATH again.

Only then the whole system makes sense, otherwise, even if Bitcoin was not meant to be a Ponzi Scheme and obviously is not a Ponzi Scheme, it is actually approached by many "investors" as Ponzi Scheme and they hope to be at the bottom of it. That is simply wrong.

If different crypto news stopped speculating about the price all the time it would be beneficial for the quality of the whole crypto sphere.
If people stopped being obsessed by the price, it would be good too.

This is an honest call to everyone to start treating this great invention as it's meant to be - digital money. Including crypto news websites and youtubers who think that putting higher expected bitcoin price in the title will bring more clicks (and sadly, it usually does).

One says 1 million USD in 1 year, another says 10 million USD and so on... stop it, please. You are doing it wrong.

I think most people approach crypto in the wrong way. With "get rich quick" approach.

If you come to crypto with such an attitude, you should never ever invest.

On the other hand, if you actually had to earn it while doing whatever you are usually doing anyway, that involves money?

Examples:
You get crypto as a token of gratitude after making donation to some project. (crowdfunding)
or
You are paid crypto as a bonus to your salary.
or
... (any other examples come to your mind?)

Wouldn't the whole cryptoworld be way more healthy? What do you think about it?

I mean, most crypto bulls compare (with a lot of hope) current downturn to internet dot com bubble from 2000 https://en.wikipedia.org/wiki/Dot-com_bubble

I agree it seems similar, but are you aware most of those companies actually never survived it? They actually bankrupted and never restarted and people who invested in them, actually lost everything.

If you are holding your favorite alt - are you sure that this is alt that is in lucky 1% or so of the companies that are going to get through all this? Google was created after the bubble, only very few companis were at the top of the bubble, then went down and surived it (like Amazon did).

So chances that you are holding those lucky tickets are actually pretty slim. That includes me too unfortunately so I'm not here to spoil your mood, just trying to explain one crucial thing:

the fact that bitcoin makes sense, doesn't mean your altcoin will succeed
the fact that some specific altcoins are going up, doesn't mean your altcoin will go up

statistically speaking, most of your (or mine, to be honest) portfolio is probably filled with future-bankrupts. I wonder why i keep HODLing it nevertheless...

[TRANSPARENT]

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What would happen if people didn't follow greed and projects didn't promise crazy gains? If this was not main theme of ICO craze, but instead - true and honest support?

If you support someone for example through Patreon - you give him money and you don't really think much what will happen with this money - it's lost for you anyway and you feel good for supporting someone you like.

If all ICOs went that route, sure, we wouldn't see such crazy gains but we wouldn't also see such falls. People supporting projects that would fail would probably don't scream "scam scam!" all the time.

If you give a dollar on a street to someone begging, you usually don't follow him later and check what he bought in a store - liquor or food. Yeah, you are dissapointed probably if you see him drunk next day but you simply don't give him more money.

If ICOs was organized more like that, I think it would be much more healthy environment.