Have we underestimated Bitcoin?

[nrvasquez]

I used to underestimate bitcoin because of an event. but I now know why bitcoin is the best. and I will never experience the same mistake.

[Gaaara]

I used to underestimate bitcoin because of an event. but I now know why bitcoin is the best. and I will never experience the same mistake.

Me too, I underestimate bitcoin and sells each time I gain profit, but bitcoin has proven something, now I won't hesitate to invest even more after witnessing everyrhing that happens to bitcoin this past months.

[intoy]

At first, I underestimate it and hesitating me if i will try this or not. I said to my self that I should trust and try it .

[AK47-]

Anyone would be hesitant in accepting a new monetary system. People are always skeptical when it comes to money. Initially trusting Bitcoin was not easy. It was highly speculative and volatile asset with very less user base. People are still skeptical about Bitcoin today. It need to have somewhat bigger user base to finally gain trust among people. Bitcoin is indeed moving towards that direction.

[Mtoo]

I know some people don't  believe all BTC value and process for getting and keeping  cryptocurrency  thus came back to us in latest time  to sell BTC late them eat fingers.

[OracionSeis]

I used to underestimate bitcoin because of an event. but I now know why bitcoin is the best. and I will never experience the same mistake.

Me too, I underestimate bitcoin and sells each time I gain profit, but bitcoin has proven something, now I won't hesitate to invest even more after witnessing everyrhing that happens to bitcoin this past months.

If you want investing to Bitcoin now, I recommend you should wait confirm the trend of Bitcoin and crypto market in next time, do not let FOMO on market make you have wrong decision. Hurry and greedy are enemy when trading.

[SaShiRaJaVu]

I used to underestimate bitcoin because of an event. but I now know why bitcoin is the best. and I will never experience the same mistake.

May i ask which event made you to underestimate your hope about bitcoin  because since this valuation started the price was booming until it came crashing and since then we are having a gradual push ,we might see rallies on both positive and negative sides but hold onto your coins for the long haul and make a good profit.

[eaLiTy]

Some of the most common critiques of Bitcoin are: "it's too slow" or "the blockchain is getting too big". Bitcoin has value because it is a store of currency that will appreciate AND because it's just there. How can you buy the hottest new altcoin? Directly with fiat? You must but BTC from a Bitcoin exchange, then trade it on an altcoin exchange.

So often I see people saying "we are in a bubble" and "when the bubble bursts..." - but weren't these people saying the same thing when BTC made a huge push up to 2,700? Maybe we simply underestimated Bitcoin. Remember, Bitcoin is the first of its kind. We can't really look to history to predict how it will be valued like we can with other things.

The size of block chain will always increase but that does not bother a common user unless you are running a node since a user could make use of light weight wallets, another point is that you could purchase alt coins with fiat currency and most of them with ETH , hope you have not seen the ICO that are popping up every now and then  If you look at history any product or commodity or stock that has a sudden increase in value will burst eventually ,bitcoin showed that once in its initial rally.

[youngagethinker]

Some of the most common critiques of Bitcoin are: "it's too slow" or "the blockchain is getting too big". Sure newer coins offer faster tech, more sophisticated algorithms that are ASIC resistant, and so on. Let me ask you this - do you ever ride the old train in your city? Do you sit on the train and wonder why they don't put in a new superconducting train instead? We use the old train and it's no wonder because it works. Don't fix something that isn't broken, haven't we all learned that the hard way? And if it breaks down, surely it will be cheap to repair. Besides, what do you think cost more to complete, the train itself or clearing the path and laying the tracks? Bitcoin has value because it is a store of currency that will appreciate AND because it's just there. How can you buy the hottest new altcoin? Directly with fiat? You must but BTC from a Bitcoin exchange, then trade it on an altcoin exchange.

So often I see people saying "we are in a bubble" and "when the bubble bursts..." - but weren't these people saying the same thing when BTC made a huge push up to 2,700? Maybe we simply underestimated Bitcoin. Remember, Bitcoin is the first of its kind. We can't really look to history to predict how it will be valued like we can with other things.

So before you sell your coins, ask yourself this: how long has the old train been running in your city?

One of the best lines I've heard here. 😇
I have some knowledge on the magnetic levitation trains because I've studied electrical engineering. It works and the idea is promising but yes this is true. Unless this maglev can handle the everyday transportation of thousands of people and non stop from 8-10 we won't use it because the technology is still in it's improvement. And I wonder why people is thinking that Bitcoin might be old and might fade as the technology improves. Of course it will so are etherium and other cryptocurrencies, but we have the reply protection right? Where we can have a new coins same as the amount of our bitcoins. We all know that BTC has it's downfall especially traffic's when the blockchain is being too crowded and we're continuously thinking of a way to get through this and that's the important thing. I will be leaving this technology if I can't feel them making their best but as what I can see this is worth fighting for.

[farhansadik]

I been listening a lot of conversation that dont believe in BTC, BTC will fail, Bla Bla Bla....
Don't underestimate Bitcoin. People have underestimated the BTC
since the beginning of creation.
But those who have patiently kept the BTC from the beginning only have realized the true meaning of BTC

It Is true that The BTC has been very problematic But You need to realize also that It has been able to solve those problems very quickly.

[crismass1225]

Some people (0not us) underestimate bitcoin as it the transaction is way to slow and transaction fee is way to high. But the technology is ivolving innovating and ulgrading as difference developer want to solve out problem in bitcoin. Ops you have a good point it is very true that some people underestimate bitcoin because as i know they think bitcoin will reach it full potential and it will gone away soon but bitcoin is first of it kind other altcoin are depended on it. Bitcoin need a little upgrade

[tristan1960]

I used to underestimate bitcoin because of an event. but I now know why bitcoin is the best. and I will never experience the same mistake.

Me too, I underestimate bitcoin and sells each time I gain profit, but bitcoin has proven something, now I won't hesitate to invest even more after witnessing everyrhing that happens to bitcoin this past months.

Some people sttonlgy believes bitcoin will be an immortal thing. They're talking about holding them for 15-20 years. This is actually not realistic. We need to define a selling point to liquidify our profit came from bitcoin. I underestimate bitcoin as only profit.

[Beicin]

Its not that people underestimate it... Whats happening right now is that its hard for the average Joe to "pick up" the technology - it's still not very user friendly - Think about it, electronic wallets, cryptography, signed transactions, blockchain... its too much info at once

[chesegrinder]

i underestimate bitcoin before the hard fork last aug. 1 i have doubt that bitcoin will increase its value as of this day for update 1BTC = 4633.33. and base on speculation and prediction bitcoin price will close enough to 5k dollars after a month or this year. We can say that "MANY" people underestimate bitcoin as they dont know its value and uses. we bitcoiner are just a small part of the world who know bitcoin and other crypto. so we need to spread the words.

[jerowacik]

i underestimate bitcoin before the hard fork last aug. 1 i have doubt that bitcoin will increase its value as of this day for update 1BTC = 4633.33. and base on speculation and prediction bitcoin price will close enough to 5k dollars after a month or this year. We can say that "MANY" people underestimate bitcoin as they dont know its value and uses. we bitcoiner are just a small part of the world who know bitcoin and other crypto. so we need to spread the words.

everyone does not expect what's happening right now. bitcoin prices change and move very positive. it is very likely that we will see another rise in the future. surely many people who regret not to buy bitcoin when the price is still below 3000USD before segwit in early August.

[mostkey]

Anyone would be hesitant in accepting a new monetary system. People are always skeptical when it comes to money. Initially trusting Bitcoin was not easy. It was highly speculative and volatile asset with very less user base. People are still skeptical about Bitcoin today. It need to have somewhat bigger user base to finally gain trust among people. Bitcoin is indeed moving towards that direction.

I think people's beliefs about bitcoin are wide enough, but the problem is whether they have correctly understood what to do or the main and overall functions of bitcoin? does not seem to be. because not all bitcoin users have the skills or the ability to maximize bitcoin functions. it seems we will soon enter that stage

[DigitalLemming]

I know I surely have. It's difficult not too. Everyone forum for every other alt coin is the same. Their coin is the best and bitcoin is going to fail and can not compete. Brain washes you after awhile and in the mean time bitcoin continues to grow.

[Darker45]

i underestimate bitcoin before the hard fork last aug. 1 i have doubt that bitcoin will increase its value as of this day for update 1BTC = 4633.33. and base on speculation and prediction bitcoin price will close enough to 5k dollars after a month or this year. We can say that "MANY" people underestimate bitcoin as they dont know its value and uses. we bitcoiner are just a small part of the world who know bitcoin and other crypto. so we need to spread the words.

Fears are real and that is why so many people are easily swayed by the spreading of FUDs. But at the end of the day the realization will always be that investing, hodling, and trusting Bitcoin was the wisest thing to do in the face of all these. Never underestimate Bitcoin because the trust is growing by the day.

[Jason C.]

The role of Bitcoin in the cryptocurrecy market is supposed to be the standard, just like the role that gold used to play in economy. If you know the history of "Gold standard", you'll get what I mean.

[ethereumhunter]

actually i am underestimated bitcoin in 2015 when i am first time knew bitcoin. but after the end of 2015, i know the price is start to increase, i read many source and i learn many thing, then i realize that bitcoin is different than any investment i know. so i start to believe in bitcoin and finally i use bitcoin and in 2016, i see the price is increase more. finally in the middle of 2016, the price start getting up and this year, bitcoin price reach the highest price that i can see. so from time to time, i am trying to be sure and believe with bitcoin in any circumstances.