Crypto ‘Won't Turn Out to Be a Complete Delusion'

[Slow death]

Of course Financial professionals has misled many people in the world by saying that there is no future for Bitcoin or cryptocurrencies but the truth has revealed now due to massive number of new investors and large scale adoption rate which is undeniable for any one and that is the main reason even governments are keeping an open mind regarding cryptocurrencies so the truth is crypto was never a delusion

jes crypto will end up with a society that has no regular accessable basic goods (internet, education, food, clothing)

a highly violent sphere, meaning to get recognition (moneyprinting king queen) people will use violence again, to surpress others,  all has been seen in countless tribal wars in the middle east. why do they hate and kill each other? for same reasons this bitcoin talk has anti spam filtration. they all want to access consumption capacities, not provide them. being an earner/worker sucks, being the money printing ruler is awesome.

people will stop talking to each other, because they want all just to shill their coins it will be pointless to talk.

market will have no universal truth only lies deception, shilling, corruption.

sooner or later a dominant excluding nation state society (russia, china, india) will start to dominate everything again, like usa in the past.

regards

What the hell are you talking about? Are you still disappointed with the direction bitcoin is taking? if you were to impose your ideas on the direction bitcoin is taking, would not it be a dictatorship? You also have the option to create your own altcoin to rival bitcoin. Why do not you try to see if will it be a big failure or not?

It is no longer news that so many people who have critisized bitcoin in the past are now coming out one after the other to support bitcoin saying positive things about it and its usage.

many people want all media attention to them and are using bitcoin to get that attention

[LeGaulois]

Of course not, but Bitcoin could also become just a digital currency that has no market value in real life. Like for example the currency of the video game second life. And that's not really the original plan of Satoshi and Bitcoin. That's not what we're interested in, our interest is the mass adoption. Bitcoin will never become a forgotten currency, but as I was saying, it could just become a geek's currency.

[maianh09]

Bitcoin is like a bubble that needs to fly high enough, it will explode, and it is still ongoing now. But I still believe that Bitcoin can gain the trust of everyone to become official currency.

[Sandus_Cryptolover]

The hype in Bitcoin in 2017 was crazily high and the greed of more investors wanting to.cash out without understanding the market led to the ATH of 2017, while the wise investors took out their casha, which resulted to the sudden tank, which Bitcoin is yet to recover from. Guess this makes many til believe Bitcoin is a bubble that would burst someday.

[Zythiphill]

Bitcoin is like a bubble that needs to fly high enough, it will explode, and it is still ongoing now. But I still believe that Bitcoin can gain the trust of everyone to become official currency.

Bitcoin has many times inflated and deflated like a bubble , and I think that the growth in the future will still be , just few people will wait for it , I think when everyone will panic then it's worth buying !

[xWolfx]

It is no longer news that so many people who have critisized bitcoin in the past are now coming out one after the other to support bitcoin saying positive things about it and its usage. Bitcoin will surely not turn out be a delusion as it has so much prospect which the world has recognized and are gradually turning to it. Niall Ferguson has seen the light bitcoin offers and now doing the right thing supporting it.

That is true, saying why didn't i invest before?

That is something a lot of us say tho one way or another to be fair. Now some people who can't see the future potential capacity say it too, i know one in particular.

And more will come in the future my friend. It's all about timing and adoption, the more it is accepted the more people that will start taking it as something real and serious.

[kelz1]

There is way too much infrastructure for bitcoin to fail. It is becomingna national currency in venezuela and when other economies fail they too will switch to bitcoin as their saviour

[Catmurs]

There is way too much infrastructure for bitcoin to fail. It is becomingna national currency in venezuela and when other economies fail they too will switch to bitcoin as their saviour

I agree bitcoin has already proved itself well in the market , and I generally doubt that something will happen to it , after all, the cryptocurrency is decentralized, and I do not think that someone will change it !

[xvids]

Couple of years back, some individual who feel they so much understand the financial market claimed Bitcoin to be a bubble as well as a delusion then, currently have a change of opinion. Niall Ferguson is one of such and this is an extract of his recent opinion.

British economic and financial historian Niall Ferguson says that cryptocurrencies will not turn out to have been a complete delusion, as he had once assumed.

https://cointelegraph.com/news/economic-historian-niall-ferguson-crypto-wont-turn-out-to-be-a-complete-delusion

With no doubt, it's becoming very clear to all that the revolution of blockchain and Cryptocurrency at large is unstoppable.

Well we all know that crypto would be staying with us for sure and it have many strong walls now.
The fact that there are now more users and company willing to accept or make crypto is a great news for us.
It just shows that crypto is here to stay and crypto is now going to play a huge part in the future .

[TheUltraElite]

Bitcoin has many times inflated and deflated like a bubble , and I think that the growth in the future will still be , just few people will wait for it , I think when everyone will panic then it's worth buying !

Bitcoin has ironically "died" several times. This is a running gag that people who are idiots will go around saying that it is dead every time its price drops but it even then comes back with bigger price. This is a part of the cycle and there is no absolute end to that cycle, at least for now.

There is way too much infrastructure for bitcoin to fail. It is becomingna national currency in venezuela and when other economies fail they too will switch to bitcoin as their saviour

What happened in one country should be the example of other countries but then we also have to consider the financial condition of Venezuela prior to this - it was collapsing and people had to cope with a huge inflation rate. Such conditions do not happen everyday in other countries and may happen in future. Overall if you are taking this news as a bullish hopium dose, do so with a bit of salt.

[Sebas.tian]

It would be hard to reach new ath since there would always be sellers in the market. It would seem that in the price will not increase indefinitely in the future because of this. However, it is undeniable that it is not a delusion since it has actual use case and has potential as a store of value.

[EdenHazard]

Bitcoin has a future because the system based on technology whilst the mindset of most people will change slowly where the technology highly affect their minds. For instance in my country, before the online shop is crowded such as now they are very reluctant to use it even assuming that the online shop is scam or a place of fraud. But if I see now, most of them use online shop as easy place for shopping, even as a place that most liked by many people.

This is what will happen to bitcoin in the future and may some people has revoked the babble about bitcoin in the past. Related to the government, actually I have a little confident to them, they may still selfish to accept bitcoin as payment system or as a place for investment and be included  into several categories such as commodities or property. Most of government will still look to bitcoin as a currency which they could not accept rashly.

[Ayiranorea]

It would be hard to reach new ath since there would always be sellers in the market. It would seem that in the price will not increase indefinitely in the future because of this. However, it is undeniable that it is not a delusion since it has actual use case and has potential as a store of value.

The market at present is stabilizing much more than the days till 2017, upon which this could give a big bullish trend. Though the sell market is found high the level of adoption is increasing which compromise inflow and outflow in the market. Till an user finds a good profiting it will be hard for them to accept bitcoin.

[deisik]

There is way too much infrastructure for bitcoin to fail. It is becomingna national currency in venezuela and when other economies fail they too will switch to bitcoin as their saviour

That doesn't mean a shit

Technically, this is a logical fallacy and a false assumption like "too big to fail". But even the biggest ones fail sometimes like Lehman Brothers (with definitely more to follow). I remember people claiming that mining costs would be propping up Bitcoin's price somehow. It never happened and in real life miners started to sell out their mining rigs for pennies once mining stopped being profitable

Also, keep in mind there is no government to bail out Bitcoin if things turn from bad to worse for it (just a phrase as Bitcoin is doing perfectly fine now if you ask me). In fact, all governments will be rubbing their hands self-satisfactorily if Bitcoin bites the dust at the end of the day

[waynechong1995]

Well it's a risky investment anyway when there's nothing backing up, but at least it's something technological valuable, unlike tulips which does nothing. Many days crypto are delusional cause people are expecting to get easy money but that's the fact nowdays where poverty is high. Big players are always above us and having a controlled hope on crypto is worthy at least for me

[shesheboy]

Well it's a risky investment anyway when there's nothing backing up

as what they alway's say  " all things in life are risky " and of course that includes crypto investment's   . if you want to earn a profit you must willing to face the risk .  anyway ,  crypto is backed by real investors and thier developers  . some cryptos are backed by big institutions and companies   .

but at least it's something technological valuable, unlike tulips which does nothing.

what tulips ? can you name one ? there alot of tulips online but some people also consider crypto as one , just because they see that the value of crypto can rose and drop instantly  . they dont know that its only normal .

Many days crypto are delusional cause people are expecting to get easy money but that's the fact nowdays where poverty is high.

its a fact that poverty is high especially on poorer countries ( ex. on 3rd world countries ) but its wrong to see a crypto as a form of easy money  . that's the biggest mistake people make that cause them to become more poor  .

[jakelyson]

but at least it's something technological valuable, unlike tulips which does nothing.

what tulips ? can you name one ? there alot of tulips online but some people also consider crypto as one , just because they see that the value of crypto can rose and drop instantly  . they dont know that its only normal .

He means the Tulip mania or Tulip fever. It is a time in history when the price of a bulb when extremely high. You can google it.

Fluctuating price is not normal and should not be normal. We are just considering it normal because we get to accept it. There will be a time when the price of bitcoin will stabilize but not yet now since price can still be easily manipulated.

[deisik]

Fluctuating price is not normal and should not be normal. We are just considering it normal because we get to accept it. There will be a time when the price of bitcoin will stabilize but not yet now since price can still be easily manipulated

It largely depends on your point of view

That is, how you look at cryptocurrencies in general. If you see them as a vehicle for speculation (which is a perfectly valid assumption in respect to most altcoins), then fluctuating prices is what you should expect and in fact hope for. Conversely, if you come to think of Bitcoin as a store of value (aka digital gold), then bursts of volatility is definitely not something you would like to see

All that said, the current dynamic of Bitcoin prices shows high tendency toward less volatility, so this time may have already come. For example, we have recently seen a lot of price action in altcoins with trading volumes surging. That typically means speculative capital is flowing from Bitcoin into other cryptocurrencies as there is more potential for speculative action, which is supporting this observation

[TheUltraElite]

It would be hard to reach new ath since there would always be sellers in the market. It would seem that in the price will not increase indefinitely in the future because of this. However, it is undeniable that it is not a delusion since it has actual use case and has potential as a store of value.

There is no delusion there.

Bitcoins are mined and people are using them for transactions. There goes the demand and supply flow. Again people speculating on the price of bitcoin as an asset. That is why the prices fluctuate. That does not mean that the prices are not going to fall ever. They do fall and then go back up again. What people think as fake/scam is what they pronounce as fake too. They do not understand the technology properly and thus make such claims. There is no such use case of bitcoin that we can think of here but what is was built to overcome is happening and although we cannot foresee what will happen in future we can only speculate.

[bhabygrim]

This wouldn't be a complete delusion just look at how far it already went.
Look at how much it have survive and how many countries and business have already accepts it .
This wouldn't be a delusion it would walk straight to the future it would be part of the evolution.