sooner or later people will understand this: there is no need to prove anything to anyone. the most obvious example of the fact that you can get rich on Bitcoin - get it and keep it on a long-term basis. except that technology is developing, and confidence in bitcoin is developing, and soon you will see that bitcoin will become an indispensable part of our life.
Bitcoin and crypto will be like the internet imo, integrated into our daily life at some point. |
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Another reason maybe is the psychological factors which will lead to a misinterpretation of some issues or news around the world. Could be the negative issues that they heard about bitcoin.
that is not what you called a misinterpretation or psycholigical factors but instead those people are just uneducated . they dont have enough knowledge before they invest on cryptos , that is why they do panic if ever there is a flutuation in the price. well experienced people can always handle the situation because they know that changes in the price are just normal and there is no need to worry about it. not just bitcoin but almost all types of cryptos do have thier own factors that affects their price . but as ive said earlier , those events are just normal . I have seen many "educated" people in crypto panic anyway, it's because they invest too much. Everything starts to get tricky when you have huge sums of money riding these waves. |
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And I still see people complaining about having to pay too much fees. You can check the Bitcoin Technical Support board to see some examples.
Probably people who are using a wallet that incorrectly calculates the best fees or exchanges that are charging additional transaction fees.
Those people aren't transferring 300 mill. Mostly people that do micro transactions are the ones complaining. |
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I think it's still too early to predict a pump, it's not out of the question, but after such a strong stagnant period we need to see some more stability first.
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If usd falls and you are a decent holder, all your dreams will come true..  |
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We know that ethics and sustainability are in the eye of the beholder. What one person thinks is ethical or sustainable may be different to someone else.Depending on which side of the fence you sit, there is an argument that the anonymity that Bitcoin transactions bring are a benefit to heavily surveillance societies. But at this stage it isn’t clear if Bitcoin is just creating a new wealth gap, present across a younger tech-savvy generation.
Financial privacy should be for everyone though, not just for people living under a strict regime. |
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If you want to stay anonymous watch out linking wallet addresses to accounts where you have real info stored.
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Bitcoin doesn't offer anything to its users. They have just an anonymous team called Satoshi Nakamoto.
Yes sure.. besides being the biggest decentralized payment system bitcoin offers nothing...  |
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I think digital money is just as an alternative to payment, fiat will never disappear in society
There are possibility that fiat money maybe obsolete because the technology keep on advancing and people most daily activities payment were done using the post terminal payment, card and TT. Technology makes us able to pay any where in the world within seconds and especially the Bitcoin technology. For transaction it is not difficult to use your wallet, this time Bitcoin is responsive source which is helping us in easy and fast transaction. Once the people get knowledge about the technology then we do not need cash. If a person is not aware of the use of the technology so it is not difficult to learn about its use because it is in our benefit and we are to learn about it. Why would you want a cashless society? I enjoy my privacy and don't need to have all my transactions and everything I buy or sell recorded on a blockchain. A cashless society would be a wet dream for some governments, eliminates all financial privacy in an instance. |
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Some call it a degrading market, some call this a market full of opportunities right now.
I'm sure many experienced crypto users aren't thrilled with the dip but they aren't panicking like some of the new people seem to be.
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I have recently bought a hardware wallet. (Ledger Nano S)
This made me think about the reasons why I should trust my life savings
to these companies? They write software that I cannot understand and I
trust other people to verify that the software that they wrote is 100% safe.
Why do I trust the people who "verified" that code? I have no idea what
their motivation is and if I can trust them.
The only answer that I could get, was that the honesty and the trust
would benefit the group and the community that was using this
technology.
If you had programming experience then you could look at the source code of the software of your hardware wallet. The source code is publicly available on GitHub, which allows anyone to verify it. And we also trust hardware wallets producers because at the moment there is no evidence that hardware wallets are unsafe. If this were otherwise, then there would be no trust. But you could never be 100% sure someone, somewhere down the line hasn't tampered with the device/product in question. |
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I wonder what their requirements are going to be like, would be a shame to see all those scam ico's back in the spotlight.
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Even with all the dips, dumps, hacks etc going on, I haven't once considered this to be the end of crypto. It has always been like this..a wild ride.
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ADA is worth 1/10th of ETH in terms of market cap, but has so much more potential. Completely lost my confidence in ETH as new ICO's on decline, unknown inflation etc etc.
ETH is more than just a tool to collect money for ico's, and eth has not reached it's full potential either. It could be a good choice but I value ethereum a lot higher. |
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I am presenting a speculative idea and a conspiracy theory and here it is: China is planning to kill the whole of the cryptocurrency market starting with the biggest of them all Bitcoin and all the rest will follow. In fact, there is a detailed plan being worked out on here and it started with the banning of all ICO projects...next is the ban of all Bitcoin exchanges and soon all citizens of China having Bitcoin will be imprisoned for 20 years (only 5 years if the person will surrender his Bitcoin to the government for possible burning).
Do you think am I hallucinating due to the "shabu I bought coming from China? Or am I only making some predictions that has more chance to come true than playing in lottery?
Please tell me what you think...and let's have some fun!
Interesting theory, but one question remains, why kill off something something they could make some big time profit off for a long time coming? |
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Too much money in it too just go down like that, technology and the network is too solid imho.
We could see another drop, but I think in a few months things might look a little different again.
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Crypto = money , money attracts criminals.
Because of crypto's anonymous and decentralized nature hackers and thieves will obviously target crypto.
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Do you think that Bitcoin has become too slow to compete with the relatively quick alt coins out there? Is it realty competitive to have a slow community rather than a centralised decision making in development?
In other words, does the community effect of decentralisation enough to counterbalance the difficult decision making processes?
Smaller communities with relatively small market caps make easier decisions, they too would be slowed down if they would grow into the giant that bitcoin is. |
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Dogecoin is an old memecoin that people do not really take seriously, they have no seriously development and it will never get that probably. It doesn't even come close to what bitcoin is, hence the difference in market cap |
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One thing, if you want to be a hodler, don't look at the price every day |
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