Quote from: The_Dark_Knight on June 22, 2018, 02:46:56 AM

Quote from: booli8 on June 05, 2018, 03:16:01 PM

Talk to an average person, and 9.9 times out of 10, theyll have no idea what blockchain is, with the exception of maybe Bitcoin. If they do know, its surface level details at best.

When a trend emerges, some people dont want to wait to see how things play out especially when theres money to be made. Perhaps this story can be an example:

Remember the massive excitement Bitcoin last year? Speculative investment exploded. As the price soared, it gained public appeal. And legitimacy. And a lot of people made a lot of money, very fast.

Then the price dropped by 50%.

By the time Bitcoins value plummeted, it seemed like most people had lost faith. But that lost faith reaction really only happened among those who had jumped into space at the last minute, hoping to enjoy Bitcoins climb. People with knowledge of blockchain and cryptocurrencies saw this coming in some way, shape, or form. Active participants in the emerging industry were hardly surprised by the plummet in price that followed. These are growing pains that arise with any new technology.

Unfortunately, that patience was not widespread. Many people who jumped into the industry looking to make a quick buck ended up jumping back out at its lowest slump. They chalked their ill-timed participation as the fault of blockchain being a trend, opposed to looking at the long-term nature of what it means to build something globally impactful and the rising (and falling) tides that come with such a massive undertaking.

This is why, as markets begin to recover (and they already have), and new variations of blockchain technology cement themselves into our everyday lives, everyone from general consumers to high-profile investors need to have a firm understanding of the tech.

You are correct in your analysis, how many people thought that internet stocks were a trend that will soon banish after the crash those stocks suffered and yet the market recovered and the huge crash is now nothing more than a temporary and small decrease in the price of the companies that survived, look at how small the crash caused by mt gox looks now, in ten years the current crash will look very small too and all of those people will regret not holding their coins.

Yes, you are right Blockchain is not a Trend, however a lot people ignored this reality, some are not even aware or don't have the patient to learn the crypto currency market, this mostly happened to the newbie investors because they want to have quick money return after investing Bitcoin without proper knowledge how the system work. The market movement attract people special during the time when Bitcoin price goes up to 19-20K, the euphoria posted everywhere...then come the drop to 50% of the price, it change the appreciation for Bitcoin....Scam...scam..Scam... this is the reality with people.