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

[Teawhalee]

firstly many people do not really understand what cryptocurrency is all about, all they just do is to just criticize badly and turn a lot of people against it. this kinds of people have influence which is why they can use it without thinking twice sometimes. the cryptocurrency revolution is too strong than what one person or government will make effort to pull down and succeed. everyday there is new development , people are making efforts to create something that will ease living for humanity. this is more than just a bubble.

[wxa7115]

firstly many people do not really understand what cryptocurrency is all about, all they just do is to just criticize badly and turn a lot of people against it. this kinds of people have influence which is why they can use it without thinking twice sometimes. the cryptocurrency revolution is too strong than what one person or government will make effort to pull down and succeed. everyday there is new development , people are making efforts to create something that will ease living for humanity. this is more than just a bubble.

Most of the time those that do not understand what bitcoin is about are average people that have no experience thinking about the economy, but the people at the top know very well what bitcoin is about, cryptocurrencies are an attack against their interests an if they could they will destroy it but they do not know how to do it because satoshi design was so ingenious that any attempt to try to do so will fail and will only make bitcoin stronger.

So even now they are trying to figure out how to do it but it seems they are realizing that they will not find a way anytime soon which means that they may try to join bitcoin and to try to destroy it from the inside with their influence and money.

[Ailmand]

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.

See even those who once been against Bitcoin is now accepting the fact that it would be part of our life.
We couldn't go blind on this because it is clear that the world is adopting to crypto little by little .

[deisik]

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.

See even those who once been against Bitcoin is now accepting the fact that it would be part of our life.
We couldn't go blind on this because it is clear that the world is adopting to crypto little by little

It is not clear what you mean by the world adapting to crypto

Yes, everyone is now familiar with Bitcoin if that is what you mean, but without common people actually starting to use it for any real-life purpose (or even speculation), it doesn't amount to anything in particular. Further, people seem to overestimate the importance of cryptocurrencies as such on a grand scale (I know, we all want to believe)

It is a way of living for many people as well as a means of living to likely as many, but on a world scale it is still pretty insignificant and inconsequential. In other words, crypto mostly produces noise, i.e. everyone loves to talk about it but you know talk is cheap

[Ailmand]

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.

See even those who once been against Bitcoin is now accepting the fact that it would be part of our life.
We couldn't go blind on this because it is clear that the world is adopting to crypto little by little

It is not clear what you mean by the world adapting to crypto

Yes, everyone is now familiar with Bitcoin if that is what you mean, but without common people actually starting to use it for any real-life purpose (or even speculation), it doesn't amount to anything in particular. Further, people seem to overestimate the importance of cryptocurrencies as such on a grand scale (I know, we all want to believe)

It is a way of living for many people as well as a means of living to likely as many, but on a world scale it is still pretty insignificant and inconsequential. In other words, crypto mostly produces noise, i.e. everyone loves to talk about it but you know talk is cheap

Yes we are making noise and as we all know crypto isnow being accepted as a payment method.
So you could say that we could now use it in real life .
Little by little we are making Bitcoin be part of our daily life.
And the noise and cheap talk is now making it's way to be part of the real world.

[lyks15]

Complete delusion? That's a big word. Maybe people did not really understand bitcoin. How can you say delusion if cryptocurrency helps you to improve your life? Can you also say delusion if crypto will help you to have an extra income or a full time income because you are unemployed? Make sense everyone, bitcoin is real and don't need to criticized in a negative way.

[Malsetid]

Complete delusion? That's a big word. Maybe people did not really understand bitcoin. How can you say delusion if cryptocurrency helps you to improve your life? Can you also say delusion if crypto will help you to have an extra income or a full time income because you are unemployed? Make sense everyone, bitcoin is real and don't need to criticized in a negative way.

And it's already bring used today. It has actual use and actual demand and i'm pretty sure that future transactions will move around crypto and digital modes. That makes it relevant. Maybe you can't see it now but a lot of us do see bitcoin becoming one of the top altrrnatives to fiat a couple of years from now.

[jhonjhon]

Have I look it before but I proven to be not a delusion anymore as I understand the way it used to be and its huge contribution to the community.
It have a big role at this new generation and hoping that the others could appreciate it same thing how cryptoners appreciate it.
Maybe we should have to open our mind for another and best opportunity. 

[Pattart]

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.

Bitcoin has survived so far, users continue to grow, adoption continues. and that proves that bitcoin is able to continue to grow.
this is not delution, bitcoin will become popular someday because bitcoin growth is real!

[deisik]

Yes we are making noise and as we all know crypto isnow being accepted as a payment method.
So you could say that we could now use it in real life .
Little by little we are making Bitcoin be part of our daily life.
And the noise and cheap talk is now making it's way to be part of the real world.

Noise is meaningless and mostly useless

There was plenty of buzz in 2017 and so what? It was all sheer speculation gotten out of control in that day and age, and now we are basically back to square one. Speculation didn't help adoption. In fact, there are solid reasons to believe that it actually impeded adoption as most people come to think of Bitcoin (not even speaking of altcoins) as a speculative vehicle only. And we cut the crap (as well as empty talk), it is what Bitcoin is (and a dynamic hedge against fiat currencies, to more advanced and skilled strata of users)

[TheUltraElite]

And it's already bring used today. It has actual use and actual demand and i'm pretty sure that future transactions will move around crypto and digital modes. That makes it relevant. Maybe you can't see it now but a lot of us do see bitcoin becoming one of the top altrrnatives to fiat a couple of years from now.

The use is still very small among a certain niche of users. Specially those who are hedging funds with crypto, gambling, trading and those who live in countries where crypto is accepted as official mode of payment. It may be a good alternative to fiat but there is some speculation among people who are not yet knowing this side that its something to do with criminal and all. This thought has been propagated by the wrong people to instill fear.

I see nothing wrong with buying and asset and then selling it when the price rises. Then buy more once the cycle restarts. Its profitable and does not need the opinion of others to weaken your resolve.

[pushups44]

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.

I've come to the conclusion that people like Nouriel Roubini and other naysayers are trolls looking for attention or are simple being thickheaded. If bitcoin was going to die, it would have died already. It's been 10 years! These idiotic obituaries just won't go away.

[deisik]

I see nothing wrong with buying and asset and then selling it when the price rises. Then buy more once the cycle restarts. Its profitable and does not need the opinion of others to weaken your resolve

This is exactly what the incorrigible speculators think

That is kinda normal as it is perfectly normal for anyone to jump at an opportunity whenever it presents itself, whether it be in trading or elsewhere. With that said, though, speculative trading, i.e. trading focused exclusively on buying when the price of an asset tanks and selling the asset when its price rises, doesn't add anything to real value (at least not directly), even though it is said to add liquidity to the market. But the latter seems to be true only when there is enough real value already, otherwise it sooner adds to volatility instead

[Teawhalee]

Everyone is free to say his mind without being harmed. At this point anyone thinking that bitcoin is delusional or a bubble has not been following well. In some other views all these r simply used to convince their following to buy or sell

[spydee1522]

With gradual mass adoption, I don't think personally that Crypto will ever turn out to be a delusion. Shopping malls and banks are now accepting Crypto making it more attractive to the mass thereby enhancing its adoption whereby revealing a steadfast block to delusion.

[Ipwich]

With gradual mass adoption, I don't think personally that Crypto will ever turn out to be a delusion. Shopping malls and banks are now accepting Crypto making it more attractive to the mass thereby enhancing its adoption whereby revealing a steadfast block to delusion.

There is a lot of disbelief and doubt at this early stage, hence we call it a risky stage for bitcoin and crypto.
But as we keep supporting it and the adoption is doing well, eventually it will grow bigger and people would be aware that this is legit and it's needed for a better world.

[denzkilim]

I think a lot of the old school economists are becoming despondent with the Fiat system and they can see the cracks forming in that system now. Bitcoin introduced some alternative system to them, that might just be more effective than the previous system and some open-minded economists are seeing this potential now.

People like Warren Buffet are resistant to change, because old people do not want to learn new things anymore. They made a lot of money from the cracks in the old system and they will not be around when it collapse.  

I guess you're correct, some oldies do not want to learn new things as long as the old things are working for them but we can not please everyone to believe in a new technology that we believed in. I m not against fiat system or Crypto Currency decentralization system but I think both of these valuable things can work together for a better future.

[jakezyrus]

I think a lot of the old school economists are becoming despondent with the Fiat system and they can see the cracks forming in that system now. Bitcoin introduced some alternative system to them, that might just be more effective than the previous system and some open-minded economists are seeing this potential now.

People like Warren Buffet are resistant to change, because old people do not want to learn new things anymore. They made a lot of money from the cracks in the old system and they will not be around when it collapse.  

I guess you're correct, some oldies do not want to learn new things as long as the old things are working for them but we can not please everyone to believe in a new technology that we believed in. I m not against fiat system or Crypto Currency decentralization system but I think both of these valuable things can work together for a better future.

some maybe but other older people do also want to adapt new things or new technology that they see around them  . one example is the smart phones and social medias  , dont you guys notice that people on all ages are involved with it . of course that includes older/mature people  . same thing goes to crypto . they also want to adapt it because its obvious that cryptos are verry promising investment not just investment but a verry useful tool to  .

[suzanne5223]

I think a lot of the old school economists are becoming despondent with the Fiat system and they can see the cracks forming in that system now. Bitcoin introduced some alternative system to them, that might just be more effective than the previous system and some open-minded economists are seeing this potential now.

People like Warren Buffet are resistant to change, because old people do not want to learn new things anymore. They made a lot of money from the cracks in the old system and they will not be around when it collapse.  

I guess you're correct, some oldies do not want to learn new things as long as the old things are working for them but we can not please everyone to believe in a new technology that we believed in. I m not against fiat system or Crypto Currency decentralization system but I think both of these valuable things can work together for a better future.

some maybe but other older people do also want to adapt new things or new technology that they see around them  . one example is the smart phones and social medias  , dont you guys notice that people on all ages are involved with it . of course that includes older/mature people  . same thing goes to crypto . they also want to adapt it because its obvious that cryptos are verry promising investment not just investment but a verry useful tool to  .

Yes, some people accept the change while some won't cause we can't have the same opinion. However, that was not the reason behind Warren Buffet negative statement about crypto currency and if I were you guys I won't be bother or take him serious because he was scared of crypto currency spoiling his annum profit because he's among the share holder of some banks in the US.
What do you expect him to say about crypto currency?

[Noa_Amable]

Well this is his opinion and probably many were going to be happy knowing about this man that could influence the cryptocurrency popularity. This is indeed needed nowadays in order to stretch the market price from the longest bear trend I guess since I am new in this system.

Anyway, if others would agree with it then it will be completely true that cryptocurrency is not just a delusion but it is at large unstoppable.

sure, everybody has own opinion, that's quite normal.
regarding crypto - well, some believed it and participated on the early stages which brought immense profits. though, we act blindly in many cases like this