mintme.com (OP)
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July 23, 2020, 02:37:27 PM Last edit: July 24, 2020, 07:13:23 AM by mintme.com Merited by DooMAD (2), pakhitheboss (1), Krimster (1) |
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This is not a price speculation thread, but a call.
People should have a much more healthy approach to cryptocurrencies than "get rich quick" and should use bitcoin even if it was going to take 100 years (or eternity) to break ATH again.
Only then the whole system makes sense, otherwise, even if Bitcoin was not meant to be a Ponzi Scheme and obviously is not a Ponzi Scheme, it is actually approached by many "investors" as Ponzi Scheme and they hope to be at the top of it. That is simply wrong.
If different crypto news stopped speculating about the price all the time it would be beneficial for the quality of the whole crypto sphere. If people stopped being obsessed by the price, it would be good too.
This is an honest call to everyone to start treating this great invention as it's meant to be - digital money. Including crypto news websites and youtubers who think that putting higher expected bitcoin price in the title will bring more clicks (and sadly, it usually does).
One says 1 million USD in 1 year, another says 10 million USD and so on... stop it, please. You are doing it wrong.
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wxa7115
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July 23, 2020, 04:07:39 PM |
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You have a point, however as soon as something is allowed to be traded without a restriction then this is bound to happen especially when it is something as special as bitcoin.
The law of supply and demand will always impose itself, bitcoin is scarce and it is without a doubt a groundbreaking invention so no matter what we say speculation is going to be wild for decades to come, if the tulip mania could reach such heights in the XVII century when the bulbs of tulips that were being traded were completely useless then just imagine what can happen now when the technology behind the bubble is actually useful and we use all the financial tools available in the XXI century.
Smart people can see this and they are betting they can get in before it and capitalize on it, as much as you may hate it this is a valid strategy and it is a strategy which most likely will become successful, so it is pointless to try to combat something that for the most part is inevitable at this point.
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electronicash
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July 23, 2020, 04:15:05 PM |
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what happen to your old thread? Bitcoin will NEVER reach it's ATH anymoreits all the same that you are saying here. you might just close this and continue posting to that threat. i believe you that it might not reach its all time high but you know time can tell what could happen in the end. we shall see in the future what could happen. maybe or maybe not.
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BrewMaster
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There is trouble abrewing
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This is not a price speculation thread, but a call.
and yet you insist on making a "prediction"! Only then the whole system makes sense, otherwise, even if Bitcoin was not meant to be a Ponzi Scheme and obviously is not a Ponzi Scheme, it is actually approached by many "investors" as Ponzi Scheme and they hope to be at the bottom of it. That is simply wrong.
by your definition everything else in the world that mankind has ever invested in is a ponzi scheme. If different crypto news stopped speculating about the price all the time it would be beneficial for the quality of the whole crypto sphere. If people stopped being obsessed by the price, it would be good too.
discussing the rate of exchange that bitcoin has against fiat is not always obsession with price and it is not a bad thing. This is an honest call to everyone to start treating this great invention as it's meant to be - digital money. Including crypto news websites and youtubers who think that putting higher expected bitcoin price in the title will bring more clicks (and sadly, it usually does).
newsflash: there are always some idiots who are trying to make money from anything that can make them money. that includes idiots on youtube and all those who created those websites. all of it is irrelevant to bitcoin and your title so far. One says 1 million USD in 1 year, another says 10 million USD and so on... stop it, please. You are doing it wrong.
and yet i never saw why you made this topic and why you think price may never reach its ATH! it seems like you are the one who is obsessed with price specially when looking at your post history.
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There is a FOMO brewing...
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palle11
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July 23, 2020, 05:44:44 PM |
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what happen to your old thread? Bitcoin will NEVER reach it's ATH anymoreits all the same that you are saying here. you might just close this and continue posting to that threat. i believe you that it might not reach its all time high but you know time can tell what could happen in the end. we shall see in the future what could happen. maybe or maybe not. But if really that bitcoin would not get to its ATH, then what do we think cryptocurrency market will be like? Because bitcoin is the king of this market and it is expected to keep rising as it is decentralized which makes it volatile. For my view point, I expect it will get there and above with time.
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buwaytress
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July 23, 2020, 05:46:11 PM |
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News for you. Most of us who actually have a real opinion, and who really are invested in Bitcoin as an idea, and a way of life, we actually already know that. We know every day we are in Bitcoin that it can just as easily hit 100k as it can zero. It's highly unlikely, but we know it's not beyond the realm of what 's possible.
So we also know and are prepared for the event we never see ATH in our lifetime. Yet we continue using, talking, advocating, using. Using.
Perhaps you ought to preach to your inner self;)
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Oceat
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July 23, 2020, 05:57:21 PM |
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Let them make their own decisions and move on as long as you know what is happening in the market you should not worry about the others. We in this forum don't bother to click a click bait video that says this and that which is kind of opposing or something triggering especially to those new sites making an article about Bitcoin. Those are the ones that are making a FUD, just stop right there and continue what you are doing. Seek for a reputable forum to know everything about of all the crypto currency especially this one.
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3996
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Twentyonepaylots
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July 23, 2020, 06:34:44 PM |
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I thought my mind is tricking me or something after I read the title, coz I know but I'm not sure that I already commented on this yet I didn't see my name and it was just posted NOW. Thank you for helping me calm lmao its all the same that you are saying here. you might just close this and continue posting to that threat. i believe you that it might not reach its all time high but you know time can tell what could happen in the end. we shall see in the future what could happen. maybe or maybe not.
It's a complete shit when you re-post or duplicated your own thread it's like punching yourself and asking why does it hurt. You did even just copy and paste your old thread. In case you don't know how to find your last topic posted, coz I believe and I hope that you do, just go to your profile look under the " additional information" and you'll see the link for your posted topics, no need to duplicate it, and if you don't mind read my comment on there
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nicecrypto
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July 23, 2020, 07:50:53 PM |
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Speculation is a great part of crypto, at lest this is what I have come to understand, people love to speculate on price of a project btc or not, i don't think there is anything wrong in it, it didn't stop btc any way to become the number 1 crypto and the most used, what is not so good is the high Speculation by some btc analysts and pioneers, I think some of the speculated are unrealistic, they should speculate.
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pixie85
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July 23, 2020, 08:06:46 PM |
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According to many analysts it will either reach a new ATH or die. Bitcoin is not a technology that can remain healthy as an awkwward currency of nerds. It has to expand or if it doesn't expand it will be abandoned and taken over by a similar maybe more centralized cryptocurrency that will keep on growing.
Bitcoin will not go flat as a tradable asset. It will pump again or go down fast.
I expect it to be worth at least 50 thousand dollars in a few years or go down below 3000 as people move to something else.
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Lanatsa
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July 23, 2020, 08:52:01 PM |
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Let them make their own decisions and move on as long as you know what is happening in the market you should not worry about the others. We in this forum don't bother to click a click bait video that says this and that which is kind of opposing or something triggering especially to those new sites making an article about Bitcoin. Those are the ones that are making a FUD, just stop right there and continue what you are doing. Seek for a reputable forum to know everything about of all the crypto currency especially this one.
People are really fan of listening on whats being thrown out from somewhere when it comes to news and predictions towards this crypto market.They do easily believe and build up some panic or doubts on what theyve been doing recently. They do get easily distracted nor get discourage which is really a bad thing to have because no one can really predict out on what would happen into this market.Bitcoin might not reach its ATH anymore? No one does have the crystal ball for them to say so.We know on how unpredictable the market is and its just not right to make up conclusions right away.
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Wexnident
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July 24, 2020, 04:19:44 AM |
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Only people who recently got into Bitcoin would even consider it as such. Even if some do consider it even though they've been in the scene for a long time, they also consider BTC as a digital currency, not only as an investment. Clickbait articles and Youtube titles? As you said, it's only "clickbait" and only those who consider BTC as a money-making machine would even click on it, and even if they do, it's not like they actually can make Bitcoin as such. And as much as some people like it or not, Bitcoin being a speculative asset right now is part of what makes it in the community.
There's also no need to actually obsess over it reaching an ATH or not, or whether we should talk about it or not. if you don't like such topics, avoid the speculation/trading discussion threads, that's it. If you want it to be a digital currency, then it is.
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tsaroz
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July 24, 2020, 04:29:22 AM |
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This is indeed a probability people should accept. There might be higher probability of a new ATH but it doesn't mean it would be the only option. Though there are some good reasons for bitcoin to rise but there are plenty more that may hamper it's price. With new coins coming out plenty with better transaction speed and fees. Many people may move out of bitcoin to use the coin they prefer. This may lead bitcoin to maintain a price below ATH.
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pooya87
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July 24, 2020, 04:37:42 AM |
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true but you have a very weird way of putting it which makes it look like a speculation still. what you probably don't realize is that the percentage of bitcoiners that are obsessed with the price and have dreams of becoming rich by just having some bitcoin is very small. basically their percentage grows during bubbles and they simply go away when it bursts and the last bitcoin bubble busted 2 years ago which makes your statements also 2 years too late.
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pakhitheboss
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July 24, 2020, 04:45:03 AM |
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Every day a growing number of influencers will come up with a new ATH, not to forget the crypto media analysis. It has been three years now and every day there is someone who has a new theory or a prediction.
Those Individuals need to stop and if not need to rethink their strategy, speculating the price is neither helping Bitcoin nor promoting its adoption.
In my opinion only adoption can help Bitcoin reach new ATH.
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GreatArkansas
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July 24, 2020, 05:13:51 AM |
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As time goes by, people will get to use the price of Bitcoin. You may be wrong for telling that Bitcoin might never create another new all-time-high, still, there are still some lot of people expecting it. As you can see, when price of Bitcoin is extremely cheap, people don't have such interest on it. But when we break before multiple all-time-high, a lot of people hoping in, because of "easy money" mindset of them.
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Kakmakr
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July 24, 2020, 05:31:39 AM |
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The problem with your plea falls on greedy ears and it is not supported by most governments around the world. As long as governments around the world defines Bitcoin as a Commodity and not as a Currency, people will continue treating it as a Commodity. (like Forex currency investment tools) The Lightning Network was also supposed to make it lightning fast and to make is better and faster than other electronic payment methods, but the Lightning Network is not getting real adoption or it is way too slow. We need some spark to boost Bitcoin's use as a currency and that can only happen when a very popular platform starts excepting it as a currency or direct payment method.
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nienzer
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July 24, 2020, 05:49:08 AM |
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People around there just like to spread FOMO, its a form of speculation. Maybe if everyone will write that btc 20k next month people will pump it. They are trying to control the market
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finaleshot2016
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July 24, 2020, 06:06:59 AM |
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There's a possibility that bitcoin might never reach new ATH but there's also a possibility that it can be reached. It's 50-50 btw, and no one knows what bitcoin will do next in the few hours, it might prove you wrong after creating this thread. The market of bitcoin is highly volatile, there's a chance that even analysis with good calculations can be wrong.
So let's keep in mind that no one can predict bitcoin's future. Actually we can predict the price as long as we're using AI or artificial neural networks, our current project have this and it has massive programming and have a lot of data just to predict a subject's value. But I guess the accuracy will be just around 70-80%.
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davis196
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July 24, 2020, 06:10:02 AM |
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This is not a price speculation thread, but a call.
People should have a much more healthy approach to cryptocurrencies than "get rich quick" and should use bitcoin even if it was going to take 100 years (or eternity) to break ATH again.
Only then the whole system makes sense, otherwise, even if Bitcoin was not meant to be a Ponzi Scheme and obviously is not a Ponzi Scheme, it is actually approached by many "investors" as Ponzi Scheme and they hope to be at the bottom of it. That is simply wrong.
If different crypto news stopped speculating about the price all the time it would be beneficial for the quality of the whole crypto sphere. If people stopped being obsessed by the price, it would be good too.
This is an honest call to everyone to start treating this great invention as it's meant to be - digital money. Including crypto news websites and youtubers who think that putting higher expected bitcoin price in the title will bring more clicks (and sadly, it usually does).
One says 1 million USD in 1 year, another says 10 million USD and so on... stop it, please. You are doing it wrong.
You are right.Bitcoin might never again reach the 2017 ATH,but this won't stop the traders and speculators from being obsessed with the Bitcoin price all the time. The high BTC price volatility and the future ups and downs of the Bitcoin price guarantees high profit margins from Bitcoin trading,so the crypto traders will always be focused in the Bitcoin price. We can't stop the clickbait bullish predictors from doing their clickbait BS.All those clickbait bullish pseudo experts and fake crypto gurus will eventually "shoot themselves in the foot",because less and less people believe in their analysis and predictions.
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