Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Yinkcrypt on October 09, 2024, 01:54:30 PM
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Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
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At least in my opinion, we're already at an intermediate stage
The internet today is used for almost everything, even if the person isn't using it directly, they still depend on some services that need the internet
I don't know if this will be the case with cryptos, I have certain doubts.
But I believe that the future will be good for good projects, and that in the future only projects that are really useful will remain
Just as it was with the .com bubble
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I personally have never liked it when the internet is compared to cryptocurrencies, and the reason is actually very simple if you think about it.
Compared to cryptocurrencies, the internet is something that has proven to be one of the top technological advances that has incredibly changed the way people communicate, do business or simply have fun. People have not only accepted it, but unfortunately have become too dependent on it to the extent that they cannot imagine life without the internet.
Another important fact is that using the internet is quite simple, especially today when all you need is a smartphone and a mobile or Wi-Fi connection and you have access to everything you are interested in.
On the other hand, in general, cryptocurrencies do not represent any global need that people strive for, but it is more or less reduced to the fact that most people experience them as an instrument for quick earnings. However, the relatively small involvement on a global level shows that perhaps only about 5% of people show inclinations towards such investments, and that far fewer consider that crypto has the function of currency.
Comparing crypto and the internet therefore makes very little or no sense, because they are completely different technologies - and most cryptocurrencies are meaningless and purposeless anyway, no matter how persistently some ignore it.
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Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
Internet is where people find job while in crypto that is where people find profit so if you think crypto is faster that the growth of internet back then I think that is the reason behind it more and more are interested in crypto because they are ahving the specific goal financial freedom which most of us are longing but you can't say internet is lagging because it also is improving.
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Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
Internet is where people find job while in crypto that is where people find profit so if you think crypto is faster that the growth of internet back then I think that is the reason behind it more and more are interested in crypto because they are ahving the specific goal financial freedom which most of us are longing but you can't say internet is lagging because it also is improving.
Crypto is a new Klondike of different innovations coming up and spheres to discover/improve, so, for now, not - that - many people are in it like using the Internet, but I think the more time passes, the more the crypto becomes known.
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Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
I don't think crypto is still in so early stages anymore
I am here since 2017, and I can say things changed a lot. And 2017 wasn't that early, as 2013-2015 things were way different than 2017.
We have ETF, web3 is already largely used for transactions and mini games, etc
Don't expect 50x return in big crypto anymore..
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Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
I don't think crypto is still in so early stages anymore
I am here since 2017, and I can say things changed a lot. And 2017 wasn't that early, as 2013-2015 things were way different than 2017.
We have ETF, web3 is already largely used for transactions and mini games, etc
Don't expect 50x return in big crypto anymore..
Only on memes gambling on speculations..Alas, that's not a way to go if you want to play by the rules, per se.
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Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
That's not the early days for the internet, move it to maybe 60-70, by 1997 20% of the household in the US had access to the internet, despite the random blogs posts and crypto authors trying to hype up numbers we're nowhere near that number and for sure we won't double in 5 years.
Also, you should compare crypto to something that exists virtually only, so more like Paypal or Facebook or TiTok, and if we compare it the adoption seriously lacks!
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Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
That's not the early days for the internet, move it to maybe 60-70, by 1997 20% of the household in the US had access to the internet, despite the random blogs posts and crypto authors trying to hype up numbers we're nowhere near that number and for sure we won't double in 5 years.
Also, you should compare crypto to something that exists virtually only, so more like Paypal or Facebook or TiTok, and if we compare it the adoption seriously lacks!
I think as more time passes, the more crypto will be engraved into things we usually would do without it around us. At least govs think about the reserves in the shape of CDBC, so what would be next? ;D
First, it was those who just believed in it, then it was big institutions, now it's the govs around the world thinking about it, afterward - mass adoption, I see it that way.
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I think as more time passes, the more crypto will be engraved into things we usually would do without it around us.
Like what? And more importantly, why?
Why would you even need crypto in the things around you in the first place?
99% of the cryptos are there are tokens trying to fix problems that traditional things already do better, and it's all just a money grab!
I don't need a token to call a cab, I don't need to tokenize my dog, I don't need an NFT for my holiday pictures, and so on!
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I personally have never liked it when the internet is compared to cryptocurrencies, and the reason is actually very simple if you think about it.
Compared to cryptocurrencies, the internet is something that has proven to be one of the top technological advances that has incredibly changed the way people communicate, do business or simply have fun. People have not only accepted it, but unfortunately have become too dependent on it to the extent that they cannot imagine life without the internet.
Another important fact is that using the internet is quite simple, especially today when all you need is a smartphone and a mobile or Wi-Fi connection and you have access to everything you are interested in.
On the other hand, in general, cryptocurrencies do not represent any global need that people strive for, but it is more or less reduced to the fact that most people experience them as an instrument for quick earnings. However, the relatively small involvement on a global level shows that perhaps only about 5% of people show inclinations towards such investments, and that far fewer consider that crypto has the function of currency.
Comparing crypto and the internet therefore makes very little or no sense, because they are completely different technologies - and most cryptocurrencies are meaningless and purposeless anyway, no matter how persistently some ignore it.
I agree with your thoughts, It is quite obvious that these are two different advancement entirely and are likely incomparable to my little knowledge.
The Internet is a great technological advancement in the human cradle more like the foundation and umbrella, almost driving to that which Humans can no longer do without since it now has a great link to human life.
As of Crypto, it is obvious it started having an uprising from around 2011 if I'm not mistaking by BTC and others. Not all humans are into the crypto world, but everyone make use of the internet in a way no matter how little.
It is clear that there would be no BTC if the internet isn't there so I don't see any reason of comparing.
If the Crypto world is growing as fast as it could, I don't think it can be compared to that of the internet or else all other financial sector in the economy will be eliminated and that of Crypto will be the only one standing.
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Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
Crypto is also not a new thing, it has been around for several years and is currently still in the development stage. And it has been very familiar with all this because various concepts in the crypto business world are quite optimized.
At least when we talk about crypto, even though it has been created before, it seems that 2016 - 2017 became a very unforgettable moment with a fairly significant bullish at that time. we see from the price of Bitcoin alone at that time it was still in the thousands. now? It's tens of thousands and there are still many people who are just starting the journey in crypto.
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Apart from comparing crypto to the internet, you are correct, digital assets are growing and becoming a very important part of our lives, even governments want to create their own digital currency, that is cbdc's. There is still so much to be achieved in the future, the only problem is that there are very few useful cryptocurrencies, so many are created to scam people and they have no purpose at all.
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Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
Well I don't really agree with your choice of words op. The internet is a broad and dynamic space that infact gave the medium for crypto to even be a thing in the first place. You can't actually say that crypto is growing faster than the internet simply because the internet is even an anchor for crypto. Crypto currencies can't be done totally offline ranging from both mining to even transacting some coins. Both the internet and crypto currency ecosystem are growing rapidly and infact we are in an intermediate stage just like rdluffy mentioned.
With the help of the internet as an anchor, crypto has literally grew from the stage of just a test run to an actual digital banking ecosystem. Removing the internet from the crypto space is literally like removing air from a burning fire.
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What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
There is one reason I can think of: MONEY and related opportunities. Back in the early days of the internet, there is no open market where people can be making a lot of money or invest their money in projects that can give good returns. When cryptocurrency came in, people see many opportunities to get wealthy, get rich. Of course, because of this condition, bad players also came in where they decided to make money by scamming and hacking others. This where we can see big potential to transform people's financial lives as well as create havoc by snatching what they have. Cryptocurrency industry can then be a two-edged sword.
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Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
it’s because internet has also grown since then and everyone now uses the internet electronic devices are now such huge parts of our lives compared to back then we are now all easily connected through the internet just a few clicks and someone from miles away will be able to know about it
it is crazy to think about how much development there has been since then and how the internet effectively changed our lives
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Anyone who hold BTC can assume the price will continue to go up when you think we are just in the early phase of this economy.
I think it should be reminded that not all crypto is going to have the same properties that will go up in price. Although we're early, not all will be like BTC.
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Anyone who hold BTC can assume the price will continue to go up when you think we are just in the early phase of this economy.
I think it should be reminded that not all crypto is going to have the same properties that will go up in price. Although we're early, not all will be like BTC.
It's because of the properties of BTC, it's is the prime mover and so with that, it's to big to fall for now. Although in the beginning there are a lot of challenges that it had to face, including the Mt. Gox hacked that might put a lot of early investors to early halt. Nevertheless by now those who sold early are instantly regretting their decisions.
Just imagine buying it at cheap dirt and now the price is heading to $100k as the next projection price.
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We past the golden day in 2013 itself and now still the prices may grow a lot from where it is now but crypto adoption reached a milestone that it won't be busrt when it hit 1 Trillion marketcap way back in 2021 if I am not wrong. As an investor you still got the time but it's not cheap anymore but instead if you think buying a new cheap coin and expecting it to grow like bitcoin then it's different and it most likely will go to zero just after the initial sale.
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~snip~
I don't need a token to call a cab, I don't need to tokenize my dog, I don't need an NFT for my holiday pictures, and so on!
Some obviously do not agree with that and would tokenize everything that exists as if it were the solution to all the world's problems. Of course, there is not much (if any) intention to solve any problems, but everything is focused on how to sell the next idea as the thing that everyone is waiting for. We have reached the point where 1% of those who manage to profit on such an idea become more important than 99% of those who lost money on that same idea.
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I don't think crypto is still in so early stages anymore
I am here since 2017, and I can say things changed a lot. And 2017 wasn't that early, as 2013-2015 things were way different than 2017.
We have ETF, web3 is already largely used for transactions and mini games, etc
Don't expect 50x return in big crypto anymore..
I'm here since 2017 too hehehe, wish I knew BTC in 2013 >:(
marketcap of crypto is more than 2 trillion dollars, 14 years of BTC, as I said I think we are in the "middle" of something
Cryptos is not used daily yet for most people, like in my real life, I only know a friend that uses crypto, in this point I agree that we are early
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I don't think crypto is still in so early stages anymore
I am here since 2017, and I can say things changed a lot. And 2017 wasn't that early, as 2013-2015 things were way different than 2017.
We have ETF, web3 is already largely used for transactions and mini games, etc
Don't expect 50x return in big crypto anymore..
I'm here since 2017 too hehehe, wish I knew BTC in 2013 >:(
marketcap of crypto is more than 2 trillion dollars, 14 years of BTC, as I said I think we are in the "middle" of something
Cryptos is not used daily yet for most people, like in my real life, I only know a friend that uses crypto, in this point I agree that we are early
Maybe crypto will be adopted more in the future, but for now, it's mainly used for investment and profit. Mass adoption would be in the future, in my opinion, when everybody would have reserves of BTC and CDBC would be implemented by the govs.
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Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
We've seen numerous comparisons between crypto today and the internet in 1997, a time when most people didn't fully grasp the potential and true value of these new "technologies and assets". To me, crypto has achieved adoption at a faster pace than the internet as it's already gained traction with governments, corporations, and major investment institutions worldwide.
I believe we're on the cusp of crypto transitioning from a speculative asset to a mainstream investment sector and a reserve asset for national treasuries. Just as the internet became the information superhighway, crypto has the potential to be the value cloud.
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Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
We've seen numerous comparisons between crypto today and the internet in 1997, a time when most people didn't fully grasp the potential and true value of these new "technologies and assets". To me, crypto has achieved adoption at a faster pace than the internet as it's already gained traction with governments, corporations, and major investment institutions worldwide.
I believe we're on the cusp of crypto transitioning from a speculative asset to a mainstream investment sector and a reserve asset for national treasuries. Just as the internet became the information superhighway, crypto has the potential to be the value cloud.
Yep, totally. Now many govs around notice the possibility of utilizing the crypto accordingly, though, I wonder whether it will be done just purely to the lucrative opportunities it provides in the form of reserves or at least some parts of it would be for the innovation sector.
After all, crypto is all about going forward and pushing the boundaries.
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Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
The internet has been the wings to make many new innovations fly faster. This is why you notice that the popularity of bitcoin, it's acceptance, and individual adoption have been faster; the internet made it possible. Before cryptocurrency will be adopted, it has to first be accepted.
There will come a time when we will remember all the struggles as past that cryptocurrency has faced and these times when it has not yet been widely accepted. Those times will come.
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Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
What else do you expect, you cant compare that time or era to now, things are fast changing and developing, there is more of civilization, freedom, development and innovations now better than the past, you can as well see the increase in population and how people are being eager to know and see the trends with the opportunities in the use of internet in this digital era, same thing you're going to experience in a couple of years after now.
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Anyone who hold BTC can assume the price will continue to go up when you think we are just in the early phase of this economy.
I think it should be reminded that not all crypto is going to have the same properties that will go up in price. Although we're early, not all will be like BTC.
I think we should do research before buying coins that we will make crypto assets. because in my opinion if we buy top coins from the results of observations so far the price will go up like bitcoin. Bitcoin is the safest coin, but ethereum, BNb, Soalna are also good coins and will go up during the bullish season.
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Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
Its not really on the technology side but more on the profit side that Bitcoin or cryptocurrency adoption is much faster than adoption of the internet, there is a heighten FOMO or fear of missing out on cryptocurrency, and its easier to adopt cryptocurrency than the internet because the internet is their way for their adoption, the internet and cryptocurrency is interconnected; they were created for each other.
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Op nobody think that buy you did so asking us why we think that is a rhetorical question who only you can answer the question again. Though cryptocurrency will dominate the world and just a matter of time. Many people are yet to know cryptocurrency and many countries are yet to adopt it. The knowledge as of then is very narrow to this present innovative technology world.
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Op nobody think that buy you did so asking us why we think that is a rhetorical question who only you can answer the question again. Though cryptocurrency will dominate the world and just a matter of time. Many people are yet to know cryptocurrency and many countries are yet to adopt it. The knowledge as of then is very narrow to this present innovative technology world.
It still takes a long time if we expect crypto currency to dominate, because the government will not allow it. because the government still has FIAT and they will guard it. there are still many people who do not understand crypto, the advantages of crypto technology and of course need the internet to be able to transact with crypto. so if all of that is met, the possibility of crypto dominating can happen but not in the near future maybe 10 or 20 years.
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I think it should be reminded that not all crypto is going to have the same properties that will go up in price. Although we're early, not all will be like BTC.
I second that, and that is the mistake people do when they buy so many altcoins, many of which do not have any utility, some people buy these coins immediately they are listed, with the hope that it will pump, but that is not how things work. BTC is unique and it is different from other cryptocurrencies, it has wonderful use cases and that's what gives it utility.
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I think it should be reminded that not all crypto is going to have the same properties that will go up in price. Although we're early, not all will be like BTC.
I second that, and that is the mistake people do when they buy so many altcoins, many of which do not have any utility, some people buy these coins immediately they are listed, with the hope that it will pump, but that is not how things work. BTC is unique and it is different from other cryptocurrencies, it has wonderful use cases and that's what gives it utility.
It's probably because of the power of hype. We know that society is very easily affected and influenced by hyped things. That's why we often see society much more interested in buying coins that are viral, even though these coins actually have no utility, and usually drop immediately when listed on exchanges. People are so easily carried away by FOMO to buy shitcoins with high nominal amounts. However, they are often so worried when advised to buy Bitcoin which is already clearer.
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It's probably because of the power of hype. That's why we often see society much more interested in buying coins that are viral, even though these coins actually have no utility, and usually drop immediately when listed on exchanges. People are so easily carried away by FOMO to buy shitcoins with high nominal amounts.
People can easily be lead by greed and FOMO thinking that a certain coin or token can give them the financial freedom they are looking for without looking at the real value the project is offering to the market. Well, some make it and made some millions by investing into a memecoin that later on pumped but not all projects will have a big success in fact more than 90% of them just die naturally leaving some havoc along the way...and the investors of failed coins will bear the burden of holding empty plastic bags. People who are not used to gambling should think hard if participating in hyped projects can be the right thing to do...of course, if one is a gambler I think there can be more chances of making good money here but we all know the nature of gambling.
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I personally have never liked it when the internet is compared to cryptocurrencies, and the reason is actually very simple if you think about it.
Compared to cryptocurrencies, the internet is something that has proven to be one of the top technological advances that has incredibly changed the way people communicate, do business or simply have fun. People have not only accepted it, but unfortunately have become too dependent on it to the extent that they cannot imagine life without the internet.
Another important fact is that using the internet is quite simple, especially today when all you need is a smartphone and a mobile or Wi-Fi connection and you have access to everything you are interested in.
On the other hand, in general, cryptocurrencies do not represent any global need that people strive for, but it is more or less reduced to the fact that most people experience them as an instrument for quick earnings. However, the relatively small involvement on a global level shows that perhaps only about 5% of people show inclinations towards such investments, and that far fewer consider that crypto has the function of currency.
Comparing crypto and the internet therefore makes very little or no sense, because they are completely different technologies - and most cryptocurrencies are meaningless and purposeless anyway, no matter how persistently some ignore it.
Whether others accept it or not, the internet has really been useful until now. And also because of the internet, bitcoin and cryptocurrencies appeared, which became a good combination of the two for communities to have other opportunities that they can actually generate income from.
Because of this era, especially around the world, bitcoin or cryptocurrency is widespread because of the blockchain technology that came out in this era 10 years ago when it started.
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In the past, the internet was not as developed as it is now, where now everyone uses the internet, even the whole world uses it, not only that, the internet is a means of communication so that everyone is connected to each other. Here I can only hope for crypto, hopefully in the future crypto can continue to develop and still live in the future, why am I so sure because crypto is very important and makes it easier for everyone to search or do their work quickly without taking a long time.
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I'm here since 2017 too hehehe, wish I knew BTC in 2013 >:(
Are you sure that something would have been different if you had known about BTC in 2013? I first heard about BTC sometime in the second half of 2011, but I did literally nothing until 2014. I want to tell you that knowing about something and doing something specific about it are two different things.
marketcap of crypto is more than 2 trillion dollars, 14 years of BTC, as I said I think we are in the "middle" of something
Marketcap is just an illusion that something is worth some amount - because if you take into account the alleged 1 million BTC mined by Satoshi, and if you add to that that at least 10% of all BTC have been lost to date, then we have about 3 million BTC that are part of the equation, and maybe they shouldn't be. In addition, manipulations with coins/tokens that have a supply in the billions are already an old story, and some things are exaggerated to make them more attractive to investors.
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I'm here since 2017 too hehehe, wish I knew BTC in 2013 >:(
Are you sure that something would have been different if you had known about BTC in 2013? I first heard about BTC sometime in the second half of 2011, but I did literally nothing until 2014. I want to tell you that knowing about something and doing something specific about it are two different things.
Plus 1 for you. You just said the truth. The same statement that is rdluffy is making today will be made by someone in the next 10 years to come. And now we are preaching the message and campaigning to people so they can invest but they are still redundant. I taught my childhood friend to invest in bitcoin last week and I was ready to sell bitcoin to him if he was ready since I sell every week, and only for him to to tell me that he is not interested again and another one said his device was tempered. And time is coming that this the same statement will be made.
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internet is the main role in the world of technology without internet technology will not work and we see now with the internet everyone can use it and can connect with others without meeting in person... and vice versa can crypto develop like the internet? I think it can because this crypto has good quality and maybe in the future crypto will match the country's currency.
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maybe in the future crypto will match the country's currency.
BTC will not replace fiat, if that is what you are trying to say, in the future it will be widely used and adopted, but even Satoshi didn't create BTC for it to replace fiat, it is meant to be an alternative currency to fiat and we have to accept it that way. As for development, there is a lot to come in the future regarding that.
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Plus 1 for you. You just said the truth. The same statement that is rdluffy is making today will be made by someone in the next 10 years to come. And now we are preaching the message and campaigning to people so they can invest but they are still redundant.
~snip~
We should be honest and say that ten years ago Bitcoin was still relatively unknown and much cheaper than today, and there were too many doubts that deterred people from investing in it. These same or similar doubts still exist today regardless of the passage of time, but with one important difference - and that is the price. Ten years ago you could buy 1 BTC for a few hundred $, today you need $60 000 for the same - and if you buy for a few hundred $ you will get something that most people will not like and it looks like this : 0.00040000.
As for promoting and persuading others to invest in BTC, I personally think that it can do more harm than good - because if such a person loses that BTC in any way or if the price falls, they will always blame the person who persuaded them to do that. I personally had bad experiences with it, from accusations that I am trying to scam someone, or that BTC is a ponzi scheme that works because those of us who already have it persuade others to buy it.
My decision is that one should help those who understand what BTC is and who really have the desire to invest in it - but by no means be the one who pushes people in that direction.
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We are just getting started and things have been this far already with the way of it acceptability, growth and development, there is more to expect from the crypto networks and more are still coming to be, we are only expected to know what we are doing in other not to be a victim to some horrible situations like scam at the cause of of interest on them, more bigger things ahead to achieve with cryptocurrency when we remain in it.
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Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
Yes I guess it is but the adoption rate compared to that of the Internet is still slow. Back then before the internet became very popular, we just had short range connections and few social medias where people can hangout. Now everyone has access to the Internet through their mobile phone. Crypto on the other hand, is still growing and to me is going to be bigger than what it is now, in the future. With BTC leading the way for more crypto investors to flood the market, I see a potential increase in the rate of adoption soon.
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Unfortunately it is true we are only at the beginning, at the dawn of crypto unfortunately there is still a lot of mistrust and little knowledge of the subject those who approach this fantastic world do so to invest, for quick profits without thinking that there is an entire philosophy behind it, one lifestyle
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Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
Yes I guess it is but the adoption rate compared to that of the Internet is still slow. Back then before the internet became very popular, we just had short range connections and few social medias where people can hangout. Now everyone has access to the Internet through their mobile phone. Crypto on the other hand, is still growing and to me is going to be bigger than what it is now, in the future. With BTC leading the way for more crypto investors to flood the market, I see a potential increase in the rate of adoption soon.
Yes, with the increasingly good internet connection and almost evenly distributed in all regions, this makes it easier for us to access crypto because with the ease of internet connection we can make transactions and trade with crypto. Maybe there are still some areas in a country that do not have an internet connection, because they are remote, but over time they will have internet and will know crypto. And currently bitcoin is the king of crypto currency.
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Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
Those early days as referred on the internet is based on that era too where technology was not so advanced and adopted like now.
Checking out when Bitcoin as one of the first existed cryptocurrency was also introduced, there was the way back when it was also referred as dormant technology
So I think it is awful comparing internet of now and then too as most people in the world currently uses the internet more than the cryptocurrencies. Perhaps through the formation of the internet is where cryptocurrencies was developed and deriving its source of accessibility.
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Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
Those early days as referred on the internet is based on that era too where technology was not so advanced and adopted like now.
Checking out when Bitcoin as one of the first existed cryptocurrency was also introduced, there was the way back when it was also referred as dormant technology
So I think it is awful comparing internet of now and then too as most people in the world currently uses the internet more than the cryptocurrencies. Perhaps through the formation of the internet is where cryptocurrencies was developed and deriving its source of accessibility.
Internet got to the way it is because it has many more use cases than crypto nowadays - it still remains a way out for some people to make investments and venture into different projects to get rewarded afterward, however, only now govs and institutions all around the globe see the pros that crypto can bring to the table.
I do think we are moving in the right direction, however, only time will tell.
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internet is the main role in the world of technology without internet technology will not work and we see now with the internet everyone can use it and can connect with others without meeting in person... and vice versa can crypto develop like the internet? I think it can because this crypto has good quality and maybe in the future crypto will match the country's currency.
Yeah, the Internet is the backbone of every business especially the Cryptocurrency and the blockchain. There are some businesses that are done offline but without the Internet cryptocurrency cannot work.
Now, the internet has made allmost every businesses easy and interesting, everyone can do business with each other at the comfort of their company office and country.
I am sure that in the future crypto will match strength to strength with Fiats currencies and there will be increase adoptions.
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I personally have never liked it when the internet is compared to cryptocurrencies, and the reason is actually very simple if you think about it.
Compared to cryptocurrencies, the internet is something that has proven to be one of the top technological advances that has incredibly changed the way people communicate, do business or simply have fun. People have not only accepted it, but unfortunately have become too dependent on it to the extent that they cannot imagine life without the internet.
Another important fact is that using the internet is quite simple, especially today when all you need is a smartphone and a mobile or Wi-Fi connection and you have access to everything you are interested in.
On the other hand, in general, cryptocurrencies do not represent any global need that people strive for, but it is more or less reduced to the fact that most people experience them as an instrument for quick earnings. However, the relatively small involvement on a global level shows that perhaps only about 5% of people show inclinations towards such investments, and that far fewer consider that crypto has the function of currency.
Comparing crypto and the internet therefore makes very little or no sense, because they are completely different technologies - and most cryptocurrencies are meaningless and purposeless anyway, no matter how persistently some ignore it.
This is a well-detailed explanation of what one should think about the internet and crypto. There's no comparison between them because they run in different entities for their operations and survival.
Well, human beings need the internet most in their daily lives, compared to crypto because the internet controls most of the little things we do. Shut the internet down today and see how the whole world reacts immediately, but for crypto, if the market goes bearish today, people who invest would only murmur for a while, believing that the market would bounce back. Even the bearish market gave them the opportunity to buy Bitcoin at a discount price.
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The more people adopt crypto, the better it is for the sustainability of digital businesses on the blockchain, but maybe someday when crypto adoption is widespread, there may not be any significant changes that fluctuate quickly. Maybe it tends to be a daily price change of maybe 0.1 to 1% only because many people trade so that it becomes stable. Unlike now, where crypto price changes are very fast and the ups and downs are also very fast.
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Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
Because the Internet was the first hurdle that got adopted by almost every person in the world, AFAIK now anyone on earth can easily access the Internet so using the Internet people can trade and invest in cryptocurrency as well that's why crypto became famous quicker than the internet.
In short, the Internet has paved the way for crypto and now as you said there is a lot of room for crypto to grow which is true, more and more good projects are coming into being, the VR and Metaverse once combined with Blockchain and AI the new narrative will start all we need is real time work on these things. I mean there are projects working on these narratives but till now I don't aware of any practical project which we can use.
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Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
but internet adoption is more needed and it can spur faster economic and technological growth, and strangely enough in the past if we compare the development of the internet with the development of cryptocurrency it was a little different, the internet can make government businesses run while if cryptocurrency is adopted en masse, the government cannot get any profit
as long as we still depend on the government for all permits, it is quite troublesome for Bitcoin and other cryptos,
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Think back to 1997 - the internet's early days. That's where crypto is now. There's tons of room for growth! What's surprising is that crypto is growing faster than the internet did back then. Why do you think that is?
but internet adoption is more needed and it can spur faster economic and technological growth, and strangely enough in the past if we compare the development of the internet with the development of cryptocurrency it was a little different, the internet can make government businesses run while if cryptocurrency is adopted en masse, the government cannot get any profit
as long as we still depend on the government for all permits, it is quite troublesome for Bitcoin and other cryptos,
Of course if crypto is adopted en masse, the government will be in trouble because crypto is decentralized and the government cannot control crypto, especially bitcoin which has the highest popularity. that is what makes some countries still prohibit bitcoin from circulating in their country or being used as a payment method, for fear of being misused for illegal activities.
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Of course if crypto is adopted en masse, the government will be in trouble because crypto is decentralized and the government cannot control crypto, especially bitcoin which has the highest popularity. that is what makes some countries still prohibit bitcoin from circulating in their country or being used as a payment method, for fear of being misused for illegal activities.
Therefore, the mass creation of adoption of crypto, with a focus on bitcoin, does raise big issues for governors, due to the fact that it is a decentralized system, therefore not answerable to top authority. Due to the uncertain and uncontrolled nature of governments, there is no complete surveillance or control relating to crypto transactions, which implies securit risks of the cryptos in terms of their involvement in other unlawful activities like money laundering, and terrorist financing. This has forced some countries to go an extra mile of extending a ban or limiting bitcoin as a form of payment. But even in nations with strict licensing requirements as Japan or USA demonstrate that regulation can be effectively applied to the crypto exchanges or providers while the populace does not lose its access to the blockchain.