I do not understand the pessimism

[Dudeperfect]

Well, it is true that Bitcoin is worth much more than the price of it at the time of inception but even at this stage, I believe that Bitcoin is still undervalued as compared to that of the real potential of it according to the user base of the same. However, we don't have the mass maturity as of now and that's why the big whales and institutional investors can manipulate the market without much efforts.

[1714502629]

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[1714502629]

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[sieemma]

Pessimism in the cryptocurrency world is the major reason why it isn't stable recently. Whenever there is a little drop in prices, people begin to think about crypto as a bad thing and say all sort of things about it.

[Moonmanmun]

There will always be pessimists when money and investing is involved and bitcoin is no exception to this rule.
There will be skeptics in all walks of life if a person's well-being will be affected- whether it be money or living a happy life.

[kelceyott]

Hello everyone,

I just registered but of course I am a long-time cryptocurrency watcher.

What I do not understand is why most people are so pessimistic and talk about "these hard times for *coin".

If you look at the growth chart from the beginning of cryptocurrency, you will realize that even now, the Bitcoin is a bit over-valued. It is not "in the red" by any stretch. What was in the last few months was a bubble, an anomaly which may have been exploited only by the very few, just like in the real currency or valuable asset world.

You want a cryptocurrency to be stable, just like the real currencies. Only then will it be trusted and invested in by the big players. Any asset in which you make money like winning the lottery every day is bound to crash.

In my opinion the Bitcoin is just now approaching a "healthy" status. Making money from Bitcoin will be just as hard as making money from real currency trading.

For more money, just you just have to work...

My 2 satoshis...

What you say make me feel that it's sure. And I also think that people really think that the current downturn of the BTC is because it has just undergone a price boom. If compared with a long time, this is probably a time when BTC is most stable. BTC is not abnormal fluctuations, people are more likely to invest.

[Herbys]

At holders BTC, I think other thoughts - they think how to make money, but not to ensure stability.
Therefore, now everything is very closely followed and waiting for the rise to begin.

[Ucy]

Well Bitcoin is not a Stablecoin.
Volatility then wasn't too extreme (price increased and decreased slowly) until the "big money" started pouring in.
If you tamper with the deflationary aspect and get away with it, one day you will scheme to take away the non censorship feature and people who matter (esp the ones preaching censorship resistance today) will say nothing.

[BitHodler]

Well, it is true that Bitcoin is worth much more than the price of it at the time of inception but even at this stage, I believe that Bitcoin is still undervalued as compared to that of the real potential of it according to the user base of the same. However, we don't have the mass maturity as of now and that's why the big whales and institutional investors can manipulate the market without much efforts.

It's very difficult to even imagine what price one coin would trade for if Bitcoin is hovering around its actual limits. There have been several calculations pointing at prices over $1,000,000.

Currently it looks impossible, but it's very possible if all pieces of the puzzle come together and the legacy economy crashes to fuel Bitcoin's demand. The more the legacy economy messes up, the more value Bitcoin has.

Who would have ever thought that Bitcoin would reach $19,500 at the time one coin was trading under a buck? $1 to $19,500 is an increase of ~1,950,000%. $6000 to $1,020,000 is an increase of 17,000%.

[Al-e_x]

Well Bitcoin is not a Stablecoin.
Volatility then wasn't too extreme (price increased and decreased slowly) until the "big money" started pouring in.
If you tamper with the deflationary aspect and get away with it, one day you will scheme to take away the non censorship feature and people who matter (esp the ones preaching censorship resistance today) will say nothing.

very interesting, you say that bitcoin is not stable coin. meaning that on the other side there is an unstable coin.

I want to get knowledge from you, because, I think you have more experience in the world of crypto.

what is mean by stable coin and unstable coin? can you give examples of both? how do both affect the market value of crypto?

[Aeneous]

The pessimista are mainly those who dont believe in the coin and those who want o spread negativity, th slightest sign of trouble and theyre all over the place aying all sorts of things, a true BTC believer just stays quite and waits for the better days

[keycellko]

People now don't look at the history of a coin from when it started but looks at the coin from when they buy it. The mere fact is that they only buy a coin because they want instant money. Not thinking there is a process. Crypto is volatile. We cant expect an upward trend all the time.

[gesdan]

right now many people in this forum and all investor that invest on bitcoin are pessimism with bitcoin price in the future, but i think we don't need pessimism if we trust bitcoin will be great in the future, what happens now and next, it depends on the user of bitcoin that we can't predict. so the main things we need its trust bitcoin

[BitcoinFX]

BTCcause ... "A pessimist is never disappointed!"      

[TimesVeronica]

Hi Cat!
I agree with you, if compared to the time 1/7/2017 the btc or altcoin price is x2 (min).

[Daniel91]

I can understand.
We have here many very young and inexperienced investors.
They never invested in any market and don't have realistic expectation.
So, when price go up they are very inspired but when we have long price drop they feel depress
Unfortunately, many of them just give up and sell in panic, without any profit.

[RockBar0]

right now many people in this forum and all investor that invest on bitcoin are pessimism with bitcoin price in the future, but i think we don't need pessimism if we trust bitcoin will be great in the future, what happens now and next, it depends on the user of bitcoin that we can't predict. so the main things we need its trust bitcoin

Determining long-term investment in the market is a way to make me feel very comfortable despite the sharp drop in the market recently. Cryptocurrency has a great potential for growth, while it is too small for other financial markets and it is a good opportunity for investors.

[Sergio444]

It is hilarious to carry pessimism into cryptocurrency. The nature of crypto trading can turn out well and at the same time bad. I always carry my risk calculation mind with an optimistic ideology. All that some stupid traders want is their own personal gains but crypto is a no mans control.

[Psychee]

I also do not understand them, but can you help with the development of a new crypto project, he is reliable and honest Socratus

[helen28]

It is hilarious to carry pessimism into cryptocurrency. The nature of crypto trading can turn out well and at the same time bad. I always carry my risk calculation mind with an optimistic ideology. All that some stupid traders want is their own personal gains but crypto is a no mans control.

Well it is really frustrating to understand that people are being pessimist when they have seen the value of bitcoin is going low, but they are aiming for the best for it, we should always optimistic so that we can the trend can also follow what our mind desires.

[ronnis.gomes]

In the current scenario, not only an optimistic view on Bitcoin, but a pessimistic view, if the purchasing power does not manifest itself in a timely manner. There is still insufficient buyer volume to assume the beginning of a trend reversal

[Boldcom]

Hello everyone,

I just registered but of course I am a long-time cryptocurrency watcher.

What I do not understand is why most people are so pessimistic and talk about "these hard times for *coin".

If you look at the growth chart from the beginning of cryptocurrency, you will realize that even now, the Bitcoin is a bit over-valued. It is not "in the red" by any stretch. What was in the last few months was a bubble, an anomaly which may have been exploited only by the very few, just like in the real currency or valuable asset world.

You want a cryptocurrency to be stable, just like the real currencies. Only then will it be trusted and invested in by the big players. Any asset in which you make money like winning the lottery every day is bound to crash.

In my opinion the Bitcoin is just now approaching a "healthy" status. Making money from Bitcoin will be just as hard as making money from real currency trading.

For more money, just you just have to work...

My 2 satoshis...

Pessimism is a mental attitude. Pessimists anticipate undesirable outcomes from a given situation, which is generally referred to as situational pessimism, or believe that undesirable things are going to happen to them in life more than desirable ones.