Help me: I'm losing faith in crypto!

[Rabia]

Among my peers, I have been the most optimistic about blockchain and its future, but lately this bear market is taking its toll on me.  I am beginning to be filled with a constant pall of FUD.

Here are my reasons:

1. What if I'm wrong?  Nobody invests in something they don't believe in, but we have all had bad investments - therefore not everything we believed in was good.  What if I'm wrong about public blockchains?  Blockchain has a future, but maybe it's in private blockchain like HyperLedger?

2. What decentralization?  Part of what is feeding this FUD I have is that I have an extremely diversified crypto portfolio, and yet despite this everything is down right now, and it pisses me off.  The entire crypto market value is centralized around bitcoin.  I really like bitcoin, but I don't want everything to revolve around it.  That doesn't make sense in an ideal decentralized world.

3. Value proposition?.  I once had a heated argument with someone who insisted the value of crypto was purely speculative.  I argued that it was high value because it's following the S-curve of adoption, and therefore we expect it to be hyperbolic and absorb everything.  That was back in Dec.  Now in March I see that he was right.  S-curve of adoption doesn't look like this.  The market looks exactly like the early and speculative days of an emerging asset class.

4. If we build it, will they come? A lot of critics of blockchain say that blockchain has no use, even after 10 years.  My counter-argument would be that after 10 years, we're still developing infrastructure.  It would be like the Internet in the 80s - we didn't really see e-commerce appear until the late 90s.

Ethereum is an example of infrastuture building that's still in a beta phase.  It's not scalable yet.  Buterin said that Ethereum's scaling plan will roll out over the next 5 years (!).

But what if we build all this infrastructure and the world doesn't care?  I told my friends that what blockchain gives us is not necessarily BETTER services, but decentralized services.  We can all become our own "mini-Google" or "mini-youtube" - not just users of Google or youtube but actually create our own Google or Youtube without spending hundreds of millions of dollars.  Blockchain allows us the promise of decentralizing everything - from banks to services that would normally require giant corporations.  But what if this is just a pipe dream?

Power Ledger is a good example of this.  Rather than depending on the services of a centralized power generating corporation, we can all be our own mini-power-generator, serviced using the Power Ledger network.  Power Ledger is a really good example of a real-life decentralized service that is attractive, relatable and sensible.  I think people WILL use it.  People are interested in buying the hardware required to generate their own clean energy, so connecting to a micro-grid and Power Ledger's service makes sense.  But does a decentralized ebay make sense?  Or a decentralized youtube?  Many services are served better when they are centralized, because people come to expect a consistency in experience and service.

[leodiaz]

Don't lose confidence in crypto just because the coin price is down. Don't you know that crypto was priced so low when it first appeared. At that time, bitcion was valued at 10 cents and now you know, the price of coins is very high. Believe that coins will be valuable again. Wait for the moment patiently.

[Cangkirkopi]

Bro, I'm sorry I'm not patronizing Agan2 at all, it's just that I just want to give a little input, bro, maybe you were investing in bitcoin, agan2 is very funny so maybe you are disappointed Agan2 is very losers, so agan2 if you don't want to be disappointed to invest in bitcoin or in digital, then agan2 must be patient and patient because it all requires patience with agan2 patience, God willing success agan2 will not be disappointed by investing in digital curency especially in bitcoin

[kent47400]

Don't lose confidence in crypto just because the coin price is down. Don't you know that crypto was priced so low when it first appeared. At that time, bitcion was valued at 10 cents and now you know, the price of coins is very high. Believe that coins will be valuable again. Wait for the moment patiently.

Really according to you.

We must never give up let alone experience the loss of confidence from cryptocurrency because the crypotcurrency value is always up and down.
If we are patient, the coin price will rise again and make us believe that crytocurrency is like this.

[densuj]

Just be relax brother because cryptocurrencies is still new innovations in the world, the technology behind of the cryptocurrencies (blockchain) is still new in the world and the price of cryptocurrencies is always volatility, it is something normal in instrument of investment. Bitcoin will not be died just because the price goes down and needed long time until the technology of blockchain be addopted by people, don't losing faith in cryptocurrencies it is just the beginning.