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Author Topic: Blockchain technology is not a trend  (Read 758 times)
ChrisPop
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June 25, 2018, 01:02:44 PM
 #41

No..Blockchain technology is a revolution in its infancy! The ones who adopt it now will be the giants of tomorrow. It is so clear that this is the way to go forward,but I guess that the average joe can't see it.. You have to be a visionaire to understand the whole new range of opportunities this technology opens us to.

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June 27, 2018, 04:13:33 AM
 #42

Too true... But then again, can you blame them? They joined the crypro currency game only to make a quick buck. I know it hit us hard but then again we don't view it as such. We who are in it for the long run actually understand what crypto currency stands for and we hold on to our coins as tightly as we can.
Yes, I can blame them because they are to be blamed, one of the first things you learn if you read a book about investing is to not invest in something just because of hype, to take your time before investing, to do your due diligence and to not invest at the top of the market and those that invested at the end of the year basically violated every single rule about trading and now they are paying the consequences.
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June 27, 2018, 04:23:57 AM
 #43

No, they are the current trend, the technology development, we can see that many businesses, many multinational companies in the world have adopted blockchain technology is very effective in the business. I think this trend is growing more and more around the world.

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June 27, 2018, 05:43:47 AM
 #44

The question is when did you get those person whom you talk with?because blockchain is not that popular since even majority of the users here in forum dont really know that technology aside from this is what bitcoin stands for.

Many of the people here until now knows not about blockchain ,and theres no need for this to be trending because its crypto who has be needed to

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June 27, 2018, 05:47:06 AM
 #45

Most of the people know crypto because it can generate profit, they don't care about the technology or the future potential that might become big in the future, from all of my friends that know about bitcoin they only know bitcoin can give the profit by holding and trading, they don't bother about the blockchain which is a bit sad, blockchain hold a great potential for the future transaction

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June 27, 2018, 07:03:52 AM
 #46

Talk to an average person, and 9.9 times out of 10, they’ll have no idea what blockchain is, with the exception of maybe Bitcoin. If they do know, it’s surface level details at best.

When a trend emerges, some people don’t want to wait to see how things play out — especially when there’s money to be made. Perhaps this story can be an example:

Remember the massive excitement Bitcoin last year? Speculative investment exploded. As the price soared, it gained public appeal. And legitimacy. And a lot of people made a lot of money, very fast.

Then the price dropped by 50%.

By the time Bitcoin’s value plummeted, it seemed like most people had lost faith. But that “lost faith” reaction really only happened among those who had jumped into space at the last minute, hoping to enjoy Bitcoin’s climb. People with knowledge of blockchain and cryptocurrencies saw this coming— in some way, shape, or form. Active participants in the emerging industry were hardly surprised by the plummet in price that followed. These are “growing pains” that arise with any new technology.

Unfortunately, that patience was not widespread. Many people who jumped into the industry looking to make a quick buck ended up jumping back out at its lowest slump. They chalked their ill-timed participation as the fault of blockchain being a “trend,” opposed to looking at the long-term nature of what it means to build something globally impactful — and the rising (and falling) tides that come with such a massive undertaking.

This is why, as markets begin to recover (and they already have), and new variations of blockchain technology cement themselves into our everyday lives, everyone from general consumers to high-profile investors need to have a firm understanding of the tech.




Actually you are exactly true, "Blockchain name" for the people is not intended anytime and also  about Cryptocurrency they will generalized as one but Bitcoin name is a trend everywhere you go bitcoin is always there either good news or bad news as well as bitcoin words is speak out it would be dominant.   





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June 27, 2018, 07:37:25 AM
 #47

Now only a small audience of people knows about the cryptocurrency and BlockChain technology, and how to use this technology is known to even fewer people. That is why, as soon as this technology will be more famous, we are waiting for takeoff. The potential is huge.
I agree, very few people understand and use blockchain technology. But most people invest in bitcoin and cryptocurrency according to the crowd trend and they do not have the knowledge of blockchain.
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June 27, 2018, 07:44:58 AM
 #48

I know all the new players care about is the volatility of crypto currency. Outside that they care less for block chain tech of even stabilization of the price. All they want is a quick buck for nothing. The serious once actually wants to see BTC or any crypto currency to used by evdryone so they hold their coins to stabilize the price.

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June 27, 2018, 07:54:29 AM
 #49

Blockchain technology is a trend of future technology development!
The blockchain may bring about tremendous changes in the future society, and the application of blockchains in the future will be ubiquitous. It will greatly promote social fairness and transparency, greatly increase social efficiency, and reduce manpower wastage.

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June 27, 2018, 08:33:09 AM
 #50

blockchain technology is based on the social response of the people, it has nobody that maneuvers it, the users are taking the turns on when to profit or loose your money, therefore blockchain is dependent on trends, it is very difficult to understand blockchain and how the system moves, it is unpredictable because of its technology being a decentralized, and publicly viewed. that is why it is hard to manipulate it. what affects it is the traders who sell their assets when they feel the price is getting low, creating panic selling, therefore creating trends. that is why blockchain is associated with trends.

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June 27, 2018, 09:02:22 AM
 #51

yes that's true when calling blockchain is not a trend. because it is the development of a technology and its implementation is not limited to cryptocurrency.
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June 27, 2018, 09:10:40 AM
 #52

It is true that most persons have no idea about what cryptos are except in some advanced climes. statistically,bitcoins and Cryptocurrency knowledge and use in the United States is about 7 percent, far higher than what you get in most places.Gradually,the adoption will grow over time. That's why it is better to see it as a long term investment

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July 01, 2018, 12:07:24 PM
 #53

Most people learn about bitcoin when it's in the hype, but end up with a defeat instead of growing and if you ask the common man then yes that's right, not everyone knows about blockchain technology
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July 01, 2018, 12:30:20 PM
 #54

Blockchain technology is a trend of future technology development!
The blockchain may bring about tremendous changes in the future society, and the application of blockchains in the future will be ubiquitous. It will greatly promote social fairness and transparency, greatly increase social efficiency, and reduce manpower wastage.
Yes, blockchain technology is a revolution in the current 4.0. Blockchain helps create a non-destructive security system and the link chain helps to manage the system in a great way. I think Blockchain technology will be the most powerful trend in the next few years.

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July 10, 2018, 05:45:36 PM
 #55

Blockchain technology was developed in the initial decade of the twenty-first century and has been expanding into different scripts of the global severy since its inclusion into the financial sector in the form f cryptocurrency is just another example of its potential
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July 10, 2018, 06:37:50 PM
 #56

Talk to an average person, and 9.9 times out of 10, they’ll have no idea what blockchain is, with the exception of maybe Bitcoin. If they do know, it’s surface level details at best.

When a trend emerges, some people don’t want to wait to see how things play out — especially when there’s money to be made. Perhaps this story can be an example:

Remember the massive excitement Bitcoin last year? Speculative investment exploded. As the price soared, it gained public appeal. And legitimacy. And a lot of people made a lot of money, very fast.

Then the price dropped by 50%.

By the time Bitcoin’s value plummeted, it seemed like most people had lost faith. But that “lost faith” reaction really only happened among those who had jumped into space at the last minute, hoping to enjoy Bitcoin’s climb. People with knowledge of blockchain and cryptocurrencies saw this coming— in some way, shape, or form. Active participants in the emerging industry were hardly surprised by the plummet in price that followed. These are “growing pains” that arise with any new technology.

Unfortunately, that patience was not widespread. Many people who jumped into the industry looking to make a quick buck ended up jumping back out at its lowest slump. They chalked their ill-timed participation as the fault of blockchain being a “trend,” opposed to looking at the long-term nature of what it means to build something globally impactful — and the rising (and falling) tides that come with such a massive undertaking.

This is why, as markets begin to recover (and they already have), and new variations of blockchain technology cement themselves into our everyday lives, everyone from general consumers to high-profile investors need to have a firm understanding of the tech.
For me it's not just a trends. It's a big movement of millenials era. It's our new choice. We can choose our payments media not only with cash money.
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July 10, 2018, 07:49:16 PM
 #57

I quite agree with you that blockchain is not really a trend yet considering the fact that not many of the population knows about it. But in the aspect of people jumping into Bitcoin during its peak hoping to make profit out of it, I believe it is lack of information or education about the cryptocurrency market and price fluctuations. Maybe there should be a better awareness about this to our friends or colleagues. Sometimes, excessive buying during a particular time raises the prices far beyond what may be considered normal. When such a rise happens in the value of an asset, price sustainability becomes a problem, and fall becomes imminent.

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July 10, 2018, 08:15:22 PM
 #58

Can't agree you OP at some point. Now we got in result that people (most of them) know bitcoin but they have no idea about blockchain technologies, that's logical because blockchain wasn't subject of a review, everytime there was a talk about bitcoin, it's opportunities, it's pros and cons. But if you see, this technology becomes popular among developers and I bet in some year this will be massively used, maybe people still won't have knowledge about blockchain but it will be implemented in a lot service like land titling and etc.

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Dowrich80
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July 27, 2018, 01:20:18 PM
 #59

The blockchain technology is specifically built for the purpose of big data which means that as the data increases in the world the needs of it to remain safe and away from the hands of hacks rs and numerous security threats remains unresolved
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July 27, 2018, 01:46:57 PM
 #60

If only 1 person out of 10 knows about bitcoin and we come this far what will happen when half of 10 knows and have some crypto?
Bitcoins isn't a trend outside this community, but it's becoming. Few years ago you could see something about bitcoins very rarely, and when you see it in most cases it's domed fraud, or how bitcoin is good for illegal stuff, but now we have different situation. Crypto is present in many news, it's a subject of many TV shows, maybe not a lot but for sure more then before and it's growing.
If it's growing it's better you to get in before. This topic and most of the comments should be enough convincing for people to invest some money in crypto.


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