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Author Topic: Do we really understand what bitcoin is capable of?  (Read 201 times)
Joeyvicky (OP)
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September 16, 2018, 04:14:18 AM
 #1

For some months now that bitcoin has bubbled within some specific range of value, there has been a lot of threads trying to put people in fear about bitcoin is dead, leave crypto and value is going down and so forth. But if we really know the potentials of bitcoin we would calm down and allow bitcoin as we know it to be have it way out because from 2009, all what i have observed is that even if things fall apart for bitcoin, it really comes and bounce back potently. And that is what bitcoin is capable of. Let us all get it right.

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September 16, 2018, 04:20:07 AM
 #2

And who said we do not understand just that I think most people become frustrated with how things are going after getting to 20K and things just  falling apart like that. As for me I still know that things will bounce back and bitcoin is capable of that.

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September 16, 2018, 04:24:20 AM
 #3

Though prices has fall drastically compared to it peak in 2017 but i think bitcoin is going through difficult times and we all hope that things will change. We truly understand what bitcoin is capable of and nontheless as the king of all coins am sure the expectation is much higher than we see now.
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September 16, 2018, 04:57:36 AM
 #4

For some months now that bitcoin has bubbled within some specific range of value,
price being in a specific price range is not called "bubbled"! where did you come up with that term anyways?!!

Quote
there has been a lot of threads trying to put people in fear about bitcoin is dead, leave crypto and value is going down and so forth.
those comments are actually good at the end of all this because they are some sort of purge on the market, those spreading FUD don't know it themselves but they are cleaning up the market from newbie weak hands and that leads to decreased volatility and as you can see from these days it ends the drops

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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September 16, 2018, 05:03:45 AM
 #5

Bitcoin isn't capable of anything,because bitcoin is just a tool.The users of that tool can be "capable",but the tool itself isn't capable.BTC isn't AI and it will never become.
I couldn't care less about all the people,who spread FUD and predict bitcoin's death.
There were people,who were predicting bitcoin's death back in 2011 or 2014,but here it is,still strong and standing.

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September 16, 2018, 05:25:47 AM
 #6

BTC is capable of destroying the credit card or the fiat itself.  I think the primary purpose of the BTC is to make it easy in term of a transaction.
It just happened that it becomes an asset because of mass demand.
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September 16, 2018, 05:50:04 AM
 #7

I'm very much sorry to say that we no nothing about bitcoin and the worse part is we are not even analysis about it and if we do this then i'm sure we will become shock.
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September 16, 2018, 06:24:32 AM
 #8

The problem is people are so focused on the price and the profits that they lose focus on the things that are really important. Bitcoin is censorship resistant and border-less and people have received a payment network that are not controlled by some central authority.

These things makes Bitcoin unique, but people are just worried about profits and when the price with reach the next All time high.  Roll Eyes
It is only when you realize how fantastic this technology is, that you forget about the profits and the price and you focus on acquiring as much of it as you can get your hands on.  Wink

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September 16, 2018, 06:25:30 AM
 #9

Bitcoin is a very volatile digital currency thats why many expert predict it price action which turn out to be a fallacies. Bitcoin has gain more popularity compare to some countries local currency. I believe in the future Bitcoin  is capable of replacing Fiat currency if the world must be a global village

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September 16, 2018, 06:30:49 AM
 #10

You as an investor, bitcoin could uplift your financial status and/or destroy you by leading you into bankruptcy as well. It is very unpredictable up to the extent that it can reach the highest peak in only a short period of time (its ATH last year) but can also suddenly drop more than half of it like we currently experience in the market without anyone getting awared of. Who expected that from the very start? No one, right? This only indicates that we can't really perceived what btc was capable of.

there has been a lot of threads trying to put people in fear about bitcoin is dead, leave crypto and value is going down and so forth.
Those kind of people also serve as torn in our throats. They make the situation even worse because they're the source of FUDs in which the fragile ones believing in. The result, prices falls deeper. But as we look on the bright side, Herbert2020 was right, this stops the weak investors once and for all because they tend to go out the market and never return after realizing that cryptocurrency was not really meant for them.
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September 16, 2018, 09:37:16 AM
 #11

Bitcoin surely has great potential in it and it gives huge profits every time to all its supports the only people dumping it are the once who think its just a way of income or a currency to use anonymously. It had many bounce back in the past and it has proved it self many time so all the early investors of it will know its potential in a better way.
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September 16, 2018, 09:45:03 AM
 #12

Bitcoin give advantages and all shoping card credit card debitcard destroyed and used instant transaction so all are card destroyed so bitcoin is very effective to transactions.

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September 16, 2018, 09:57:24 AM
 #13

For some months now that bitcoin has bubbled within some specific range of value, there has been a lot of threads trying to put people in fear about bitcoin is dead, leave crypto and value is going down and so forth. But if we really know the potentials of bitcoin we would calm down and allow bitcoin as we know it to be have it way out because from 2009, all what i have observed is that even if things fall apart for bitcoin, it really comes and bounce back potently. And that is what bitcoin is capable of. Let us all get it right.


They are actually unaware of the advantages of bitcoin and instead focuses on its disadvantages. If people will be like this and will not embrace technology and innovation, we cannot move on in our traditional way of dealing lives just like for example in purchasing, transactions and etc. They have to understand better on what is the value of bitcoin is in our lives.

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September 16, 2018, 10:22:00 AM
 #14

Yes ofcourse i understand the all situation. We have to remember that this is the new world order and there is no joke about it. The bitcoin has borned 10 years ago and today it has been reached to the top.. Who coud say this 10 years ago? The bitcoin have huge potential in all over the world.
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September 16, 2018, 10:32:47 AM
 #15

I agree with OP on his statements about btc's potential and if people are already in the crypto community for a longer period, I would say that they already knew how btc works. For every bear market that is happening, people knew that this is just an ordinary thing in the market and people don't worry much as they had seen it before that btc will always recover from it's dip. Fluctuations are just part of the crypto market movement wherein during that time, corrections are being done to make another rally right after.

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September 16, 2018, 10:40:19 AM
 #16

some.people are just in panic mode and are frustrated with the unstableness of bitcoin but most of bitcoin users are aware of the things that bitcoin can be capable of.



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September 16, 2018, 10:46:28 AM
 #17

I think with all just one goal within our mind, I think we will not tap the whole potential of bitcoin. People are afraid that when they try new things with bitcoin they might not get a profit.



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September 16, 2018, 10:48:33 AM
 #18

We do understand but put yourself in the shoes of new investors. If you bought Bitcoin for 7000 and it later on went to 6000 what would you do? Wait for it to go lower or feed yourself with hope and greed thinking that one day you'll be a millionaire?
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September 16, 2018, 10:54:47 AM
 #19

it will eventually happen for everyone or they will simply give up and leave. as we have been seeing in the past. people usually come in bitcoin for two reasons, either they want to make profit and don't care about what bitcoin is or they are interested in bitcoin as a decentralized currency in which case they will stick around and learn more about it to understand the true potential of it.
this doesn't mean people can't switch camps or can't be in more than one group though.

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September 16, 2018, 11:01:18 AM
 #20

Bitcoin has a long journey of nearly 10 years and it has been internationally recognized as a valuable asset, people have traded and recognized it, a good future for Bitcoin.
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