Quote from: adzino on May 23, 2018, 09:01:51 PM

Just do not listen to them. Try to ignore them completely. They are of no use. All they are doing is saying some silly stuffs to confuse people for no apparent reason (or for their own benefit?). Do people who are casually uses crypto currencies need to know how they work? Nope, they don't. How many people in this universe using fiat currencies know how fiat are supplied or made? I bet less than 30% of the population knows.

Personally i don't make a lot of attention to such news but it becomes more crazy to ignore them completely especially when it spreads out from experts (old fashioned ones) that it may easy pump the whole market; remember last fork to bitcoincash when bitcoiners started a foolish swap to altcoins in order to avoid facing price crashes.

Quote from: brylle34 on May 23, 2018, 09:48:48 PM

This is always happening, who are they??? this are there own comments and they do not control bitcoin, so why they are doing this??? simply they are people who wants to buy bitcoin at cheap price that is why cause FUD (fear, uncertainty and doubt, usually evoked intentionally in order to put a competitor at a disadvantage.) or they are bitter who lost a lot of investment when the price of bitcoin drops. Bitcoin will recover and will always recover as long there are people who do trading and using bitcoin as digital currency, they do not control bitcoin they are just doing some negative statements. The main problem is that with just a dip all weak holders are shaking and causing negative effect or panic selling to others simply as saying they are newbies. acutally if you will look at this dips this are great opportunity to earn more just do not look at things as negative.

By dint of the decentralised blockchain, no one can react againt the movement of this technology so traditionel experts with noble prices as traditional governments with Noble also and traditional financial institutions with a lot of prices and quaalifications, try one of the last cards (rumors) so they can prostponed some developement progresses until understanding the whole scene and how they should really react.

Quote from: prehisto on May 23, 2018, 08:54:03 PM

Quote from: BitProNews on May 23, 2018, 05:33:08 PM

Quote

Practically no one, outside of computer science departments, can explain how cryptocurrencies work, and that mystery creates an aura of exclusivity, gives the new money glamour, and fills devotees with revolutionary zeal, [] None of this is new, and, as with past monetary innovations, a seemingly compelling story may not be enough.

Link to full article: https://www.project-syndicate.org/commentary/cryptocurrencies-scientific-narrative-by-robert-j--shiller-2018-05

I think that this is irrelevant.
It is fairly simple to explain the principle of block chain to new people and how does it work.

Off course the inter workings is not so simple but does one need and does know how SWIFT system works in order to make bank transfer or use other FIAT service.

Now principles of blockchain can be explained to children and peoples in local communities. Furthermore, big players in the market (Microsoft,IBM,facebook...) started working on the integration of the new tools (blockchain,cryptocurrencies...) when some called experts try to manipulate the fool in ian ignorant-like way.

Quote from: paulisto on May 23, 2018, 10:22:23 PM

the problem as i see it, is the fact that we have turned this wonderful technology into new age stock trading

probably 90% of the people involed in crypto trading do it for the profit. nothing wrong with that. it's just that most of people who own bitcoin/ethereum/xvg/eos or whatever own it, because they want to profit. the percent of people who actually use the technology is imo very low.

and if we eliminate this gambling aspect, 90% of the people leave, yes it will crash the market but it won't kill the technology. technology is revolutionary and it's here to stay. is it a bubble? yes? is it worthless? far from it. and also this bubble has the potential to inflate up by a factor of 10 before it may blow, there is still room.

We haven't turned this technology into a stock trading because it should be a stock of value so people will easy find ways to exchange it.