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Author Topic: CoinDesk says - Crypto Winter Is Here and We Only Have Ourselves to Blame  (Read 203 times)
buwaytress
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December 04, 2018, 01:10:18 PM
 #21

He isn't wrong on his point, everyone seems to be too obsessed on the price in USD that we tend to forget on enhancing the fundamentals and have focused more on value. As such, we have this wild fluctuations in price leading to profits and losses, and the big guys have seen this as a weakness and have exploited the said weakness up to its core, causing the market to be highly unstable. If we want to move forward, we need to create more platforms, services etc. that's bitcoin-centric (or somewhat focuses more on bitcoin) in order to relieve the notion that most are after USD ultimately, and to have a wider use-case for bitcoin and crypto, not only for speculation.

Neither is he really right. All this obsession with price? It's the same thing responsible for the bull run(s) of the past, and we didn't see him complaining either. We're all entitled to do as we please with our money - sort of the whole idea about Bitcoin - and if we can't stand that we're the special few who only care about the tech and the revolution, standing alone in a sea of speculators, then we should leave.

Of course, I'm sweating this out like everyone else, and I do agree that speculation is rocking the boat, but yes, we're to blame. We're also to thank for everything good that's ever happened to Bitcoin. Gotta take some responsibility and take credit for it all.

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December 04, 2018, 01:48:43 PM
 #22

He isn't wrong on his point, everyone seems to be too obsessed on the price in USD that we tend to forget on enhancing the fundamentals and have focused more on value. As such, we have this wild fluctuations in price leading to profits and losses, and the big guys have seen this as a weakness and have exploited the said weakness up to its core, causing the market to be highly unstable. If we want to move forward, we need to create more platforms, services etc. that's bitcoin-centric (or somewhat focuses more on bitcoin) in order to relieve the notion that most are after USD ultimately, and to have a wider use-case for bitcoin and crypto, not only for speculation.
Agree, he is right because we only prioritize btc's value in usd, on another hand don't care on this coin. But also as you say we have to create more bitcoin based services and platforms to have a wider user-case for bitcoin, how will bitcoin handle it? For example I mean transactions, when price was 10K and higher, you know how hard it was to get confirmation and how much fees we had to pay. I think bitcoin isn't a coin which can be used massively.

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