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OmegaStarScream
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December 31, 2017, 11:11:26 AM
 #1

I believe that the bitcoin community mentality right now is wrong. We should care less about the price, bitcoin is a not a get rich quick. Instead we should focus more about the development and the technology (SegWit, LN, Schnorr Signatures, Confidential transactions etc.) because at the end of the day, If the development doesn't go any further, the price won't go anywhere either.

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December 31, 2017, 11:19:36 AM
 #2

Totally agree. Bitcoin was not developed as a tool to quickly get rich. But it did bring wealth to a happy few. And today the perception of the mainstream is that you can make a fortune with Bitcoin. The whole idea of a decentralized currency is faded, people only think of the money they can make. Bitcoin is hardly used as a currency, we should be thankful to countries like Japan and work on further improvements.

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December 31, 2017, 11:27:08 AM
 #3

if you expect people to not care about the price and the get rich quick aspect of it you are completely wrong here. these things happened before and will happen again with similar technologies and ideas. it's a fact that the blockchain and cryptocurrencies are going to change the world but all we can do is watch

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December 31, 2017, 11:28:06 AM
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Business not only in technology, but also in the number of the audience that is interested in bitcoin and technology will come of their own with the development of the community
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December 31, 2017, 11:32:36 AM
 #5

It's very reasonable to say. My friend。 We open the forum every day, or go to the telegram, twitter. What I often see is that the bitcoin has gone up again, and how much K has come. It's really annoying. You know, if the bitcoin community doesn't go forward, all the price talks are meaningless. We want to see bitcoin and more practical projects.
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December 31, 2017, 11:45:13 AM
 #6

I believe that the bitcoin community mentality right now is wrong. We should care less about the price, bitcoin is a not a get rich quick. Instead we should focus more about the development and the technology (SegWit, LN, Schnorr Signatures, Confidential transactions etc.) because at the end of the day, If the development doesn't go any further, the price won't go anywhere either.

I totally agree with you, we can't blame them though, bitcoin's price makes the most of us think that we could easily get rich by just earning it, it is true, that is why we are too focused on its price and doesn't care about the updates, and development of it which is very wrong. It is important to earn while we are learning in bitcoin, earning without learning sounds bad at all, it is like you are studying in school but you are not completely committed on it.

We have to be smart on using our bitcoin, and not just spending it on just some worthless things that could be set aside because it is not that needed. Knowing our wants and needs is important for us to know where we are going to spend our bitcoin.


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December 31, 2017, 11:46:43 AM
 #7

I sincerely agree to the OP. Bitcoin is not merely about price action. Improvement points have been identified and hopefully will be improved or we risk losing investors and even traders of the currency.
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December 31, 2017, 11:50:34 AM
 #8

I believe that the bitcoin community mentality right now is wrong. We should care less about the price, bitcoin is a not a get rich quick. Instead we should focus more about the development and the technology (SegWit, LN, Schnorr Signatures, Confidential transactions etc.) because at the end of the day, If the development doesn't go any further, the price won't go anywhere either.

I agree with you. Actually, I have observed that those people who are usually complaining about the current price of Bitcoin are mostly newbies. They thought that when they invested in Bitcoin, it will make them rich after a day. They don't know that it is not an easy money. They are always complaining. To all newbies out there, make sure that you make your own research first before you invest into something!

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December 31, 2017, 11:53:55 AM
 #9

I believe that the bitcoin community mentality right now is wrong. We should care less about the price, bitcoin is a not a get rich quick. Instead we should focus more about the development and the technology (SegWit, LN, Schnorr Signatures, Confidential transactions etc.) because at the end of the day, If the development doesn't go any further, the price won't go anywhere either.
Broadly speaking a way of developing Bitcoin is by getting us into the development of Bitcoin technology. But in fact and in reality we all will have an orientation to gain wealth, maybe only hypocrites who do not admit it. I am sure you are also like that, when you are a normal person then you are trying to get as much money as possible. And perhaps only very wealthy people who can attach importance to Bitcoin's development without the hope of making a profit.
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December 31, 2017, 11:57:26 AM
 #10

this is a very good phase though. people who have this mentality and only want the money will go out of the market, it is true that price may fall because of that as it has already but in the end those who are left can focus on important matters without the distraction of the high volatility.

but it won't last long. the volatility will come back and with it the get rich overnight guys.

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December 31, 2017, 11:58:59 AM
 #11

I believe the same thing as long as a project does not have utility and innovation for nothing will serve its price, because it will not grow again it will stay stagnant and fall. bitcoin has decreased its use as a means of easy, safe and fast payments and at the same time to carry out slower transactions with high rates. I hope this is just a bad time and that your developers can continue to innovate and improve bitcoin because their project still has a long way to go.
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December 31, 2017, 12:01:13 PM
 #12

Agree, it's unfortunate to see the community judge by looking at the price, not by the technical term. Probably because of mainstream lack of understanding Bitcoin in depth. I believe Bitcoin is still at an early age and still needs a lot of room for improvement, over the past year Bitcoin had been consolidation and this year Bitcoin pop out. I'm sure the next year is going to be more interesting, we can see how the market reach after done the first stage of movement.
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December 31, 2017, 12:29:35 PM
 #13

I believe that the bitcoin community mentality right now is wrong. We should care less about the price, bitcoin is a not a get rich quick. Instead we should focus more about the development and the technology (SegWit, LN, Schnorr Signatures, Confidential transactions etc.) because at the end of the day, If the development doesn't go any further, the price won't go anywhere either.
I completely share your position.
I will add: The counteraction of the banking system is growing. We must be ready for this. It is necessary to create a system of counteraction through social media.
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December 31, 2017, 12:44:50 PM
 #14

Yes you have a point , but i think there are more bitcoin holders here care more about the price because that makes them earn and help them for a living. Maybe we can do it both at the same time.

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December 31, 2017, 01:06:54 PM
 #15

this is a very good phase though. people who have this mentality and only want the money will go out of the market, it is true that price may fall because of that as it has already but in the end those who are left can focus on important matters without the distraction of the high volatility.

but it won't last long. the volatility will come back and with it the get rich overnight guys.

This huge dump that happened on bitcoin is a good sign, because if I'm not wrong, bitcoin is going back to its track again and will PUMP soon, hoping that it would happen in the first week of January. We can't help but to focus on the bitcoin's price since that is the reason what keeps us excited about doing bitcoin. There are just two kinds of people here in this world, the other one is those who are always panic selling and the other one is those who are holding their coins no matter what is happening in the market.

It is too sad to know that there are people who have only small piece of knowledge on how bitcoin really works that is why they are doing some mistakes that they are regretting in the end.
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December 31, 2017, 01:08:26 PM
 #16

I believe that the bitcoin community mentality right now is wrong. We should care less about the price, bitcoin is a not a get rich quick. Instead we should focus more about the development and the technology (SegWit, LN, Schnorr Signatures, Confidential transactions etc.) because at the end of the day, If the development doesn't go any further, the price won't go anywhere either.

Yes agree one hundred percent and as a developer I have looked at LN and it's a sticking plaster that won't hold
and whats killing the price is one line of code that's missing

public static money MaxFees=1.50// Goodbye 19,000 miners because we only need a few hundred of you

if the development team never understood the need to externalize the size of the blocks then they should not be writing code
and I am far from happy about the CPU wars S-M created with this mess he started and the energy waste or do you think that
he lacked vision  

Mining is CPU-wars and Intel, AMD like it nearly as much as big oil likes miners wasting electricity. Is this what mankind has come too.
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December 31, 2017, 01:16:24 PM
 #17

I totally agree, if we develop bitcoin further I believe bitcoin could be the undisputed currency in the entire world, the one that need to fix arethe transaction speed and fee, bitcoin itself already got support and atrong foundation, we just need to keep things on the right track and it will attract more users, now the investors all go away because of the high transaction fee, and I personally can't blame them for looking the cheapest transaction fee as possible
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December 31, 2017, 01:29:12 PM
 #18

I believe that the bitcoin community mentality right now is wrong. We should care less about the price, bitcoin is a not a get rich quick. Instead we should focus more about the development and the technology (SegWit, LN, Schnorr Signatures, Confidential transactions etc.) because at the end of the day, If the development doesn't go any further, the price won't go anywhere either.

Yes agree one hundred percent and as a developer I have looked at LN and it's a sticking plaster that won't hold
and whats killing the price is one line of code that's missing

public static money MaxFees=1.50// Goodbye 19,000 miners because we only need a few hundred of you

if the development team never understood the need to externalize the size of the blocks then they should not be writing code
and I am far from happy about the CPU wars S-M created with this mess he started and the energy waste or do you think that
he lacked vision  

I would have to agree that majority of the bitcoiner's mentality is really to earn and profit more in joining bitcoin considering that bitcoin is now on it's way to further enhancement its operation and technology as well. Being a bitcoin supporter, we need to be optimistic in this upcoming year wherein bitcoin should further grow in terms of market profitability.

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December 31, 2017, 01:32:02 PM
 #19

the mentality of a lot of bitcoiners have been like this for as long as I can remember. and that is understandable since the price of bitcoin has been rising for as long as I can remember even in 2014 that we had drops the price was on the rise as far as I am concerned! lol.

and bitcoin goes on. it is good to try and tell others as much as we can to make them think about other things than making money. we don't have to change their main mentality as long as we help them see other benefits of bitcoin.

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AicecreaME
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December 31, 2017, 01:37:27 PM
Merited by mace15 (1)
 #20

this is a very good phase though. people who have this mentality and only want the money will go out of the market, it is true that price may fall because of that as it has already but in the end those who are left can focus on important matters without the distraction of the high volatility.

but it won't last long. the volatility will come back and with it the get rich overnight guys.

We don't know when it is going to rise again, but we are all hoping that it will pump again this first week of January. All that we can do right now is to be patient on waiting and hold our bitcoins. Let's hope that bitcoin would make another All Time High price in 2018. It is really sad though to watch bitcoin's price is on $12,000 from $20,000, it is a really huge drop.

But no worries, it is normal because bitcoin's price is volatile meaning that we will really experience this kind of scenarios, there is nothing to be worry about like bitcoin is going to die, lol


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Asuspawer09
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December 31, 2017, 01:39:51 PM
 #21

I believe that the bitcoin community mentality right now is wrong. We should care less about the price, bitcoin is a not a get rich quick. Instead we should focus more about the development and the technology (SegWit, LN, Schnorr Signatures, Confidential transactions etc.) because at the end of the day, If the development doesn't go any further, the price won't go anywhere either.

Well said for this thread. People now a days prefer to focus and look unto the amount. Focusing on what we could just gain from it. The point of stating what is needed is good. I hope this thread could widen up the views of other bitcoin users.

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December 31, 2017, 01:42:05 PM
 #22

I agree somewhere along the lines the true uses of bitcoin has become lost many now view bitcoin and other crypto currencies as a way to get rich.

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December 31, 2017, 01:52:12 PM
 #23

I believe that the bitcoin community mentality right now is wrong. We should care less about the price, bitcoin is a not a get rich quick. Instead we should focus more about the development and the technology (SegWit, LN, Schnorr Signatures, Confidential transactions etc.) because at the end of the day, If the development doesn't go any further, the price won't go anywhere either.
Unfortunately, most of the bitcoin community are at the moment concerned about how rich the currency is supposed to be making them and not about the technologies at all and with the developers always stalling things, i believe any development will take a very long time in coming in the bitcoin network.

 
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December 31, 2017, 01:56:04 PM
 #24

First statement is totally true. To quote it, people's mindset towards bitcoin is to gain wealth at the instant snap. Well,typically, it's all about developing this site and further enhancement. When you say Bitcoin, what comes into people's mind is that money is running towards them. That's basically the mentality.
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December 31, 2017, 01:56:27 PM
 #25

I totally agreed with OP on this one the general perception of people is to buy  bitcoin at low and sell at high dumping it massively invariably crashes the price as it was experienced presently.
Bitcoin is a long time investment and we should spread the good news and benefits about bitcoin globally as a decentralized currency.

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December 31, 2017, 02:06:25 PM
 #26

I believe that the bitcoin community mentality right now is wrong. We should care less about the price, bitcoin is a not a get rich quick. Instead we should focus more about the development and the technology (SegWit, LN, Schnorr Signatures, Confidential transactions etc.) because at the end of the day, If the development doesn't go any further, the price won't go anywhere either.
I agree with your opinion that the price of bitcoin is only temporary, but later it is important that the price of bitcoin in future is always kept high and then we should concentrate investment and the bitcoin will last longer.
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December 31, 2017, 02:09:04 PM
 #27

In this way, the price is actually a very minor element. The key is the technology and application of the block chain. Only the faster development of technology, and more powerful community construction, the more practical application, bit currency will be more valuable.

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December 31, 2017, 02:09:26 PM
 #28

Definitely agree with you. But you have to admit that this kind of mentality brought upon this kind of crazy market, and this market brought upon bitcoin's popularity.
If this didn't happen, only a few percent of users now would know bitcoin. We wouldn't be able to push out it's limits and we wouldn't known what it lacks. Developers might not even think of those upgrades you mentioned.
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December 31, 2017, 02:17:29 PM
 #29

Believe it or not this is actually a good lesson to learn better sooner than later. Also regarding
Instead we should focus more about the development and the technology (SegWit, LN, Schnorr Signatures, Confidential transactions etc.) because at the end of the day, If the development doesn't go any further, the price won't go anywhere either.
I agree I feel like the lightning network will have a positive impact on BTCs price. Lastly It's more than normal for bitcoin to fall I hope the newbies learn about price corrections and educate themselves more about the technology in hand (Blockchain...) and not only look as bitcoin as wallet pump.

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December 31, 2017, 02:39:44 PM
 #30

I believe that the bitcoin community mentality right now is wrong. We should care less about the price, bitcoin is a not a get rich quick. Instead we should focus more about the development and the technology (SegWit, LN, Schnorr Signatures, Confidential transactions etc.) because at the end of the day, If the development doesn't go any further, the price won't go anywhere either.
I agree. Upgrades are important not the prices. Through the developments, Bitcoin can be more what it has now in the near future. That is why no matter what will happen I will still love Bitcoin because of it's idea, technology and purpose. New comers are into Altcoins because they are cheaper but still they need Bitcoin to trade. I am one of those people who keep tokens from Altcoins but I am still hoping that upgrades are on it's way to fix anything in the Bitcoin system issues because I am worried about it getting worse. To be honest Bitcoin is the only asset that gives me financial freedom since I am a less fortunate and unemployed person therefore I will support for the good of this Bitcoin community. Though I am not a trader only a hodler and I hold Bitcoins depending on my situation whenever I need it for emergency. I am not actually a buy low sell high guy like those in Altcoins because I don't even have a capital. I think high price is just a bonus but yeah depends on someones mentality.

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December 31, 2017, 03:25:32 PM
 #31

The market is full of impetuosity now. There are too many speculators in the market, which is of course detrimental to the development of bitcoin and the community. I hope that in the next 2018, we have a little more research on technology and less about the price of some bitcoins. I hope you can leave a lot of people who really care about the block chain technology.
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