Do Not Underestimate Where this is Headed

[Nuel0717]

So many people still underrate and underestimate where Bitcoin and other digital currencies are going. To me, Bitcoin isn’t just "money" in the traditional sense, but more like an internet of money. It works on the internet, moves at internet speed, and doesn’t rely on any physical cash.

We can’t just say it’s "money" because we all know money itself is evolving, just like crypto currencies. Back in the 90s, a lot of people once said the same thing about the internet itself, doubting what it would become. At that time, a computer and technical knowledge were necessary, but today all a person needs is a phone and a Wi-Fi or hotspot connection, and communication is instant. You can clearly see how things have changed in different countries.

My main point is that I strongly believe digital currency is still in its early stage, just like how the internet kept evolving. I’ve heard from many elders that during their early experience with the internet, sending an email was difficult because you needed a computer, a wired connection, and some technical knowledge. But now all you need is just to write and tap. Digital currency is still evolving, still misunderstood, and would eventually improve. But the direction seems clear, the world is moving away from physical cash and toward a digital system.

I’m not saying that cash will disappear overnight, but I do believe we’re heading toward a future where crypto plays a much bigger role in our everyday transactions than most people expect.

This is why I think we shouldn’t underestimate where this is going.

[Asiska02]

Underestimating what is evolving is actually not a thing to really look down on. The evolution of cryptocurrencies has been so clear, tested and trusted over the period of its existence. It is only a person who likes censorship, centralization that will vote to keep cash over the evolutionary currency we have now. Crypto has proven several times that it is here to stay and change the way people view the financial system, it is a new dawn that when embraced can come about plenty of new evolutionary ideas that will help propel how people view and feel comfortable with their finances.

[Creeper0]

Crypto (Bitcoin) has only been around for 15 years, which is definitely early days. In this early period of Bitcoin, Bitcoin has become a huge store of value, which was very unexpected. People will learn about Bitcoin in their daily lives and research it, Bitcoin will continue to develop through discussions and criticism. Bitcoin is still controversial and criticized by developing and underdeveloped countries, despite this controversy and criticism, Bitcoin is constantly developing and increasing in popularity.

But I don't think Bitcoin will replace fiat anytime soon and its use will decrease. Bitcoin's main weakness is that it is completely internet dependent and very unstable. Instability makes it difficult for all small purchases in daily life and due to internet dependence, Bitcoin will become unusable in mountainous regions. Fiat may be convertible to digital currency, but it is not going to be easy for Bitcoin to replace fiat.

[Agbamoni]

The current price fluctuation does not determine the future price of Bitcoin. People dont really know, most especially the new folks who recently started their investment. However, we have gotten to the point where we dont need to preach the direction of Bitcoin to anyone. The past chart is there for everyone to see, what has been possible and what is possible for Bitcoin. The internet is also easily accessible, they should go do their research and find out.

[NurseHub]

So many people still underrate and underestimate where Bitcoin and other digital currencies are going. To me, Bitcoin isn’t just "money" in the traditional sense, but more like an internet of money. It works on the internet, moves at internet speed, and doesn’t rely on any physical cash.

  More like? bitcoin is the only internet money you have ever known, even though we have other cryptos yet none is like bitcoin, only bitcoin has the full definition of money, so bitcoin is the internet money. it's a paradigm and a digital currency that can be used more like or even better than fiat when it comes to huge transactions.

We can’t just say it’s "money" because we all know money itself is evolving, just like crypto currencies. Back in the 90s, a lot of people once said the same thing about the internet itself, doubting what it would become. At that time, a computer and technical knowledge were necessary, but today all a person needs is a phone and a Wi-Fi or hotspot connection, and communication is instant. You can clearly see how things have changed in different countries.

My main point is that I strongly believe digital currency is still in its early stage, just like how the internet kept evolving. I’ve heard from many elders that during their early experience with the internet, sending an email was difficult because you needed a computer, a wired connection, and some technical knowledge. But now all you need is just to write and tap. Digital currency is still evolving, still misunderstood, and would eventually improve. But the direction seems clear, the world is moving away from physical cash and toward a digital system.

I’m not saying that cash will disappear overnight, but I do believe we’re heading toward a future where crypto plays a much bigger role in our everyday transactions than most people expect.

This is why I think we shouldn’t underestimate where this is going.

Well the third paragraph is more sensible and forth, bitcoin is here and fiat is also here to stay none is in competition with each other, so bitcoin is an alternative currency not a mainstream yet but however as time goes by we will get there.

[Donk1]

Well crypto currency/ bitcoin is indeed a revolutional technology. And those that haven't noticed will eventually regret it in the future and when i say regret ,those people who  tend to underestimate what dey don't understand because they lack the proper knowledge of how it works. That's why they say before you judge something always have a full knowledge of what it is if not, you will only end up being a great fool.​That's why since the creation of bitcoin we have had various people that underestimated it value like Jamie dimon. The CEO of JPMorgan bank actually called bitcoin a fraud back then  Like what is actually funny is that right now his company is basically making use of bitcoin and he is also one of bitcoin biggest buyers. Well it's easy to say bitcoin has come to revolutionaries the digital world as we know it  and as time goes, we will continue to see more and more of its potential...

​Moreover it's easy to say the value of bitcoin isn't actually determined by those who underestimated it in the past or even now. bitcoin is unique and no matter how many people  underestimate it there will still be those who are willing believe in it's value. And one day even the people that criticise it will also make use of it. That's just life bro.....

[Gozie51]

I’m not saying that cash will disappear overnight, but I do believe we’re heading toward a future where crypto plays a much bigger role in our everyday transactions than most people expect.

This is why I think we shouldn’t underestimate where this is going.

This is part of the point you are trying to make in my view and it is not bad to think towards that. In fact a modern day human can think in this direction with the way bitcoin has been playing the role of money. It has gone pass inflation which is now making bitcoin a hedge against inflation and fiat is not in comparison with bitcoin. However, the real point is what will really replace fiat because fiat is backed by all governments and I don't see those governments agreeing to abandon their local currency. This is the biggest challenge that bitcoin will overcome to fulfill that transactional state of government affairs. Bitcoin is digital money and asset for investors unlike money that has all the disadvantages but whether bitcoin will be able to replace bitcoin fiat is a bigger question that will keep recurring.

[Odusko]

I’m not saying that cash will disappear overnight, but I do believe we’re heading toward a future where crypto plays a much bigger role in our everyday transactions than most people expect.

This is why I think we shouldn’t underestimate where this is going.

This is part of the point you are trying to make in my view and it is not bad to think towards that. In fact a modern day human can think in this direction with the way bitcoin has been playing the role of money. It has gone pass inflation which is now making bitcoin a hedge against inflation and fiat is not in comparison with bitcoin. However, the real point is what will really replace fiat because fiat is backed by all governments and I don't see those governments agreeing to abandon their local currency. This is the biggest challenge that bitcoin will overcome to fulfill that transactional state of government affairs. Bitcoin is digital money and asset for investors unlike money that has all the disadvantages but whether bitcoin will be able to replace bitcoin is a bigger question that will keep recurring.

In as much as that is prevelent that digital currency will Play a role in the economy and it role such as usability will depends on the flexibility of the particular digital currency that we choose to use for such daily transactions most digital currency like Bitcoin have more of an asset feature than it can be used as a daily currency, so in as much as that is, Bitcoin can never replace or play the role of conventional currency like Bank issued notes.
If you say that the global economic is moving towards cashless mode of transactions, and we are beginning to adopt digital mode of making payments, such as banks transfers instead of cash cyculation then we are there already, and when you come to cross border payment with eas and speed, then chose cryptocurrency since it borderless features allows us to do that, in conclusion what that means is that cryptocurrency will definitely play the role of alternative currency to our fiat financial system.

[Joy_learns_crypto]

The current price fluctuation does not determine the future price of Bitcoin. People dont really know, most especially the new folks who recently started their investment. However, we have gotten to the point where we dont need to preach the direction of Bitcoin to anyone. The past chart is there for everyone to see, what has been possible and what is possible for Bitcoin. The internet is also easily accessible, they should go do their research and find out.

If they want to determine the future of bitcoin because bitcoin price is down under $90k then they should determine the future of bitcoin when it went above $120k.
Although I think the people who are not sure of a bitcoin future are those who don’t know much about bitcoin price fluctuation, they are the people not really asking questions and the traditional money is what they want.

[The Founding Titan]

So many people still underrate and underestimate where Bitcoin and other digital currencies are going. To me, Bitcoin isn’t just "money" in the traditional sense, but more like an internet of money. It works on the internet, moves at internet speed, and doesn’t rely on any physical cash.

We can’t just say it’s "money" because we all know money itself is evolving, just like crypto currencies. Back in the 90s, a lot of people once said the same thing about the internet itself, doubting what it would become. At that time, a computer and technical knowledge were necessary, but today all a person needs is a phone and a Wi-Fi or hotspot connection, and communication is instant. You can clearly see how things have changed in different countries.

My main point is that I strongly believe digital currency is still in its early stage, just like how the internet kept evolving. I’ve heard from many elders that during their early experience with the internet, sending an email was difficult because you needed a computer, a wired connection, and some technical knowledge. But now all you need is just to write and tap. Digital currency is still evolving, still misunderstood, and would eventually improve. But the direction seems clear, the world is moving away from physical cash and toward a digital system.

I’m not saying that cash will disappear overnight, but I do believe we’re heading toward a future where crypto plays a much bigger role in our everyday transactions than most people expect.

This is why I think we shouldn’t underestimate where this is going.

At one point in how history we traded by bartering for everything, money as a concept did not exist at the time and then we grew beyond that and introduced coins from different precious metals as our means of trading, we even used cowries here in Nigeria and probably other things I do not even know about and even paper money started circulating, starting from China and now over the entire world but now even that is about to go obsolete as well with the presence of e-cash and now cryptocurrencies are taking over the entire space, the truth is that sometime in the future cryptocurrency might become our only means of trade but for now our physical cash isn't going anywhere yet.

[Yablee0]

It's not even up to two decades since bitcoin came in to limelight and it has already taking over the crypto space entirely .However from all indications and from the latest updates about bitcoin stuff it is very obvious that bitcoin innovation is here to stay and in years to come many that are yet to know how important and how potentially loaded bitcoin investment is , they will later understand maybe when they are  unable to afford it again but I just wish we all see beyond today and take hold of the great opportunities bitcoin investment have in stock for us.

[Rgram]

So many people still underrate and underestimate where Bitcoin and other digital currencies are going. To me, Bitcoin isn’t just "money" in the traditional sense, but more like an internet of money. It works on the internet, moves at internet speed, and doesn’t rely on any physical cash.

This is why I think we shouldn’t underestimate where this is going.

You can’t really underestimate the hat you don’t know, the fact is, you don’t know it and what that means is, you can’t afford to just go with the flow because, people are going the Bitcoin or cryptocurrency way. That makes you a calculated individual that would rather wait, understand before daring to invest.
For some individuals, they might come by some regrets when they finally starts investing, they entertain thoughts to have invested long ago but, you find persons like these being very core investors.

[Rockson1]

The current price fluctuation does not determine the future price of Bitcoin. People dont really know, most especially the new folks who recently started their investment. However, we have gotten to the point where we dont need to preach the direction of Bitcoin to anyone. The past chart is there for everyone to see, what has been possible and what is possible for Bitcoin. The internet is also easily accessible, they should go do their research and find out.

Good points that is going back the history of Bitcoin, one thing I have observed closely is that, people that have been in Bitcoin investment for 4 to 5 years or more do not actually bother to know where Bitcoin is going, since they are aware of when $100k price was highly speculated and it came to reality after all said and done, many newbies are not aware of this and are not ready to learn or read through lines.
I will say that the continued fluntuation of Bitcoin price which we know Bitcoin to be like that, is actually preparing Bitcoin for another great height, those that understands this, are busy acumulating Bitcoin.