Stop being pessimistic. The potential of bitcoin is still immense!

[markint]

I think the crypto market is just in an initial stage of expansion and occupies a very small and insignificant place in the global economy. For that reason I do not understand the great pessimism that many times is observed in those who have invested some money here, as soon as they observe some eventual fall in the price of bitcoin.

At some point I read an article in which bitcoin was already among the 20 most important currencies in the world (displacing many fiat currencies), so I have no doubt that the growth potential of this market is still immense and we can still consider ourselves as early adopters.

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[cellard]

There's too many newbies on board yet. The hate for bitcoin must be real, we need to see all the casuals that entered in the last FOMO season out, because these guys aren't thinking rationally, they don't understand the fundamentals and they don't therefore understand the inherent value of bitcoin.

Of course bitcoin is insanely tiny compared to what it is and where it should be. I mean Jeff Bezos' fortune is bigger than bitcoin, how stupid one would need to be to not see how insanely undervalued bitcoin is? very, and these are exactly the type of people we need to see dumping. Once they are all out we'll go for a new all time high as the smart people that see these facts are waiting for that to happen to enter the market.

[FlamingFingers]

Unfortunately as it is with everything, not everyone has enough foresight to see the potential of Bitcoin and Cryptocurrencies in general. Most people are stuck in a close–minded, short–sighted vision that they are unable to sense what they are participating in to—they hurt themselves as well as the crypto world. Those very few who have the mindset to think long term are usually the 'early adopters' who win big in the end.  

[btcjocan]

I think the crypto market is just in an initial stage of expansion and occupies a very small and insignificant place in the global economy. For that reason I do not understand the great pessimism that many times is observed in those who have invested some money here, as soon as they observe some eventual fall in the price of bitcoin.

At some point I read an article in which bitcoin was already among the 20 most important currencies in the world (displacing many fiat currencies), so I have no doubt that the growth potential of this market is still immense and we can still consider ourselves as early adopters.

Spreading positivity on bitcoins worth in the global economy is what all we need while we're here in this community.I agree with you mate we still have a long way ahead of us.Theres no need to panic and to be pissimistic i think lets just enjoy the ride of being a part of this community.

[mklost]

Though you are right but it is not unnormal to be pessimistic! People are losing money, some people lost their total investment because of the high fall down of the bitcoin price! Then what should they do? HODL tight and patience? Yes, they are doing from the January month and every month they were losing their money in front of their eye! When will market pump? at the end of the year? No way! So, they know everything but still, some people being pessimistic and that is normal.

[DooMAD]

It's an important point that everyone tends to forget because it's something that works so well:

Bitcoin is still effectively in beta.

People spend so long fixating on the price swings that they totally forget about how much stuff is still on the to-do list.  A 0.x version generally denotes software that isn't deemed a full release candidate yet and the latest Bitcoin Core is 0.16.2 so clearly still beta software.  Lightning is also very much in early beta.  There's so much more to come.  People need to be patient.

[pooya87]

I think the crypto market is just in an initial stage of expansion and occupies a very small and insignificant place in the global economy.

the "crypto market" consists of bitcoin and about 2000 altcoins which 95% of them are pure shitcoins. so you can not start a topic by saying "bitcoin potential is immense" and then follow it up with talking about the crypto market as a whole! bitcoin having potential means bitcoin will grow in the future and it has nothing to do with the growth of others or lack thereof. majority of the altcoins can not have a sustainable growth because of all the flaws they have and also the fact that majority of them are pump and dumps.

[BagzMM]

I think the crypto market is just in an initial stage of expansion and occupies a very small and insignificant place in the global economy. For that reason I do not understand the great pessimism that many times is observed in those who have invested some money here, as soon as they observe some eventual fall in the price of bitcoin.

At some point I read an article in which bitcoin was already among the 20 most important currencies in the world (displacing many fiat currencies), so I have no doubt that the growth potential of this market is still immense and we can still consider ourselves as early adopters.

Yes, it doesn't help being a pessimistic for it will pull us down. The growth of the market is in our hands being the believers of bitcoin. Let us spread that bitcoin is still immense in the crypto world!

[3kpk3]

There's too many newbies on board yet. The hate for bitcoin must be real, we need to see all the casuals that entered in the last FOMO season out, because these guys aren't thinking rationally, they don't understand the fundamentals and they don't therefore understand the inherent value of bitcoin.

Of course bitcoin is insanely tiny compared to what it is and where it should be. I mean Jeff Bezos' fortune is bigger than bitcoin, how stupid one would need to be to not see how insanely undervalued bitcoin is? very, and these are exactly the type of people we need to see dumping. Once they are all out we'll go for a new all time high as the smart people that see these facts are waiting for that to happen to enter the market.

The fact is that we need both strong and weak hands to help support this market because the weak hands outnumber the strong hands by a big margin. More and more people need to continue investing into this market to help it grow. We have no idea when the market will explode again, but all we can do is encourage others to check out this market and see if they like it. Bitcoin adoption will continue to increase with time which is why I am not really concerned about this honestly.

[Kakmakr]

I think the crypto market is just in an initial stage of expansion and occupies a very small and insignificant place in the global economy. For that reason I do not understand the great pessimism that many times is observed in those who have invested some money here, as soon as they observe some eventual fall in the price of bitcoin.

At some point I read an article in which bitcoin was already among the 20 most important currencies in the world (displacing many fiat currencies), so I have no doubt that the growth potential of this market is still immense and we can still consider ourselves as early adopters.

So which articles are those? Source..   Many countries does not acknowledge Bitcoin as a currency, so I am curious. The problem with Bitcoin investors these days are the fact that everyone is expecting a repeat performance of 2017 and now that it is not performing in the same way, people tend to trash it with pessimism.

In the beginning it was all about the technology and lately it is all about price.  

[franky1]

There's too many newbies on board yet. The hate for bitcoin must be real, we need to see all the casuals that entered in the last FOMO season out, because these guys aren't thinking rationally, they don't understand the fundamentals and they don't therefore understand the inherent value of bitcoin.

the problem is that the 2014-2018 FOMO's are now riding a train they think they need to convince others to jump onboard so that they can jump off..
they over promise and underadvise. they spout a utopian dream but not the reality. and as such many newbies want a utopia but find that the devs are saying blockchain is broke and only counter pary signing accounts are the future.
thus get dis heartened.

we really need to get rid of the paid devs who are stiffling bitcoin to push in the other networks of banking 2.0 .. to reinnovate bitcoins mainnet for mainnet use. and reinvigorate the maiin net utility. then bitcoin will grow like it was doing years ago

[franky1]

Lightning is also very much in early beta.  There's so much more to come.  People need to be patient.

lightning is not bitcoin
lightning is a separate network that will be used by multiple coins.

but after the mega laugh i had about your twisting of crap in the other topic earlier. i see you stil not ready to learn. so go in peace and have fun.
but.. please do try to learn the fundementals atleast for your own sake

[vfrcbv91]

I think all the pessimists-it's just beginners who bought unsuccessfully last winter and now lose money. They do not understand that the price drop is temporary and bitcoin is still great.

[Wind_FURY]

Lightning is also very much in early beta.  There's so much more to come.  People need to be patient.

lightning is not bitcoin
lightning is a separate network that will be used by multiple coins.

Technically it is not a "network" or "off-chain. All it is are coins stored in a multi-sig wallet and all "transactions" are stored locally before the latest state of your channel is broadcasted in the Bitcoin network like a normal on-chain transaction.

It is not something you are gaslighting it to be.

but after the mega laugh i had about your twisting of crap in the other topic earlier. i see you stil not ready to learn. so go in peace and have fun.
but.. please do try to learn the fundementals atleast for your own sake

Then mega-laughs on you too for twisting and gaslighting in different topics.

[Okrah]

I think the crypto market is just in an initial stage of expansion and occupies a very small and insignificant place in the global economy. For that reason I do not understand the great pessimism that many times is observed in those who have invested some money here, as soon as they observe some eventual fall in the price of bitcoin.

At some point I read an article in which bitcoin was already among the 20 most important currencies in the world (displacing many fiat currencies), so I have no doubt that the growth potential of this market is still immense and we can still consider ourselves as early adopters.

Yes, we will just wait for that. We must not think of a negative one for we all know that crypto currency is the new ways to cope with the new world whose technology always in progress.

[Vaflia]

To hell with all the pessimists. The main thing that we know about the potential of bitcoin and understand that its future is huge, and the rest let them continue to lose their money trusting banks

[Pursuer]

It's an important point that everyone tends to forget because it's something that works so well:

Bitcoin is still effectively in beta.

People spend so long fixating on the price swings that they totally forget about how much stuff is still on the to-do list.  A 0.x version generally denotes software that isn't deemed a full release candidate yet and the latest Bitcoin Core is 0.16.2 so clearly still beta software.  Lightning is also very much in early beta.  There's so much more to come.  People need to be patient.

to be fair bitcoin core is not bitcoin, it is one of the implementations of bitcoin protocol and it happens to be the reference implementation and also still be in beta after 9 years but I don't think we can also consider bitcoin itself as a protocol as being in beta. bitcoin is young but is a solid protocol that has been thoroughly tested and battle hardened.

[Tiger Baseball]

I feel sad at this time, and I have doubts about the condition of my account.
But I still want to learn a lot about bitcoin, bitcoin does have a very large potential and is indeed worth maintaining.
Bitcoin travel is still long and must be able to develop and provide many benefits.

[dentolas]

The crypto market is definitely a baby and a good deal of crypto users have arrived during the boom on last year... most focused only in quick cash and the idea they would be rich after a few months...
It is natural that people do not understand what they are doing and dehave like impacient brats...

Bitcoin has a lot of potencial and growth margin, and with the growing digitalization of the world everyone can see that crypto will be the future, even if it is not BTC, but some other to prevail

[BitcoinOddsChecker]

As far as I'm concerned, Bitcoin is yet to show its true potential. It still has to surpass the stage where everyone recognizes its different applications and not just focus on the negatives. Pessimists will always be there, but we can help drive the numbers down by educating or sharing with others the endless advantages of crypto