/r/Bitcoin…. We need to talk….

Guys let me start by saying I BELIEVE in Bitcoin and believe truly that it will succeed. I will not tell you it will crash or not to invest or anything like that.

That aside guys… we need to take a step back here for a second. I have been around in this subreddit for about 4 years now and it's only recently that I have seen it turn into as much of an echochamber as it is now. That is not good for us. Every dissenting opinion (even if completely based in reality) is downvoted. Meanwhile absolute pseudoscience is upvoted.

People in this subreddit used to believe that one day Bitcoin will become less volatile and see mainstream use as a TRUE currency. Now I have people telling me the ETF failing was a good thing because we want more volatility for Bitcoin and that "When there is volatility there is a HUGE opportunity to make money on EVERY TRADE." That is crazy

This mentality is BAD for Bitcoin. If we want to see the moon and mainstream use we need to remember why we're here. We believe in the Bitcoin/Blockchain technology and we want it to take off and see mainstream use. For that to happen volatility needs to reduce significantly. The average Joe running a bakery doesn't want his loaf of bread to be worth $ 3 in the morning, $ 6 in the afternoon and $ 1 by nightfall. He just wants to sell his bread and know he can pay his rent and he will continue to do that in regular fiat until Bitcoin matures and becomes stable.

I see people here saying they have their ENTIRE saving in Bitcoin… This scares the shit out of me. Although we believe in BTC we have to accept that there is a chance it will fail and fall to obscurity. What makes Bitcoin have value over an altcoin? The Bitcoin network, the fact that people use it and that people believe in its value. If I made Alt Facebook tomorrow would you use it? No. because nobody else does and none of your friends are on it. This is the network effect. I think this effect is on Bitcoin's side I think Bitcoin will succeed but Jesus Christ guys can we at least acknowledge the fact that ther's a chance it won't? Can we acknowledge that it could fall to obscurity, never reach mainstream adoption and just fizzle out? Can we accept that a new better technology could replace it?

So please /r/Bitcoin. take a step back. Keep your enthusiasm, keep believing and hodling but please pleaseeee lets stop with the extreme opinions, rejection of economics and the echo-chambering.

TLDR: Stop down-voting people who disagree an echo-chamber is bad for Bitcoin. Stop making up Pseudoscience and PLEASE stop putting all of your savings in Bitcoin.

submitted by /u/scoops22
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Let's Talk Bitcoin! #317 – Questions & Answers (letstalk)

On Todays Episode of Let’s Talk Bitcoin…A collection of Audience Questions & Answers from the last few months of Andreas’s recent talks.Note: No Magic Word today!Image Credit: https://www.flickr.com/photos/64204416@N02/5847645570 modified with the LTB logoContent for episode 316 show was provided by Andreas and the questioners. Music for this show was courtesy of Jared Rubens, and this episode was assembled…