Post
Topic
Board Bitcoin Discussion
Re: You shouldn't be worried about bitcoin
by
BenCodie
on 30/04/2023, 23:04:03 UTC
Why don't we have this mentality towards bitcoin and know its the latest Generation that has came to stay which through bitcoin we had a blockchain that featured all forms of technologies in the world, and yet you think one day bitcoin price will fail you?

During the rise of computing, there was a much more tangible and understandable level of progress. Since Bitcoin was beyond, it has been beyond comprehension and therefore harder to understand its progress technologically. To the average person, Bitcoin has always been Bitcoin. They aren't aware of the upgrades it has gone through from version 0.1 to 24.0.1. Until they learn more, it is always the same thing to them. I suppose the same could be said about computing except that the increase in functionality, speed, design etc was all in your face...and also, supported by corporations and governments with almost no adversary to its growth.

Bitcoin on the other hand, has the largest adversary of all...all of the interests that are involved in keeping the modern day fiat money/reserve banking system alive, These interests will do whatever it can to hinder peoples comprehension and faith in its progress, and profit from the Bitcoin market.

You can't blame people for being worried about Bitcoin and what it will do to their portfolio. It is attractive enough to put your savings into it, but it is volatile enough to make you worry. I do agree that at this point faith should be higher...though since we've seen growth from $0.01, $0.1, $1, $10, $100, $1000 to $10000 to $80000 ath...it's hard to trade or hold an asset at $20-30k without being worried about revisiting much lower price points. It's innate to be worried considering the monumental growth.