Bitcoin Forum

...if we all hold our coins, we can raise the price to unimaginable heights, effectively fuelling mainstream massive adoption. Bitcoin is good enough, scaling problems will be solved, all we have to do is HODL!!! Who said price/market cap are  not important?! It's MOST IMPORTANT factor of adoption, the higher it gets, the more people are interested joining in and realising what is the Bitcoin revolution. No matter the mandatory price drop afterwards, people are getting in mostly because it's profitable!

Right now we have a good chance to maintain this rise if we act right, and this so far may be 4th bubble. If you ask me - it's hugely overdue.

in 4 the hodl

had to say it

Was waiting for this board to achieve equilibrium with the BTC-E trollbox, and that day has finally come.

I wish it was this easy to make people doing the right thing, but I am afraid it's not. People will always be greedy and be taking profits along the way. Some will choose right, some will choose wrong but at the end of the day we'll still be here and Bitcoin will prevail.

I am not stressing much about will people dump or hold or whatever. If Bitcoin is meant to succeed, it will do so while the people are dumping occasionally as well.

I would call it trading rather than dumping. You need sellers to fuel the buyers. Otherwise the price will be unsustainable as soon as one person starts selling.

You would also severly lack volume and liquidity if nobody is selling.

Exactly. I sold .5 BTC today. First time I've sold since Dec 2013

I'm betting were in the $200's again soon, hence I am trying some "Day Trading"

i'm sorry for your loss mate

$200

http://i.memeful.com/media/post/oMJ28xM_700wa_0.gif

Dang there was that one person you warned us about....

Listen I have bad luck, so if it does skyrocket, all of you can thank me.

But realistically speaking every time I come on this forum and bitcoin is up a few dollars everyone is running in circles saying how its going to raise to some unrealistic amount of money, and every time it goes up a little, then falls.

I'm being far more realistic then most around here. Except I do feel that after the halving there will be little to no chance bitcoin will be near $200.

I sold 5% of my bitcoins. If it skyrockets, I'm safe

LOL you made me laugh hard. WTF, I am HODLER, I admit it. ;) And I really do enjoy praising Bitcoin, but really if you believe I'm not here for profit only, I see Bitcoin's healing potential for the fucked up world.

No doubt it will prevail, but we can make the process faster just by holding (and speding Bitcoin directly for purchasing). That's the spirit I'm talking about, do something for the world just by holding it.

In other words, you think the only way Bitcoin can succeed is as a huge pyramid scheme.

the little players should always hold, and don't try to gamble and lose their coins in a stupid way, let the big players trade for the market

they are the one that can drive the price up, by starting a reaction chain, like this one

i agree with this but every day trader do not see this way. we all want to get rich quick, when we see downfall we fall out.
also
people financial circumstance change.
but yes you are right.

I don't know what is giving you impression of any pyramid scheme here. It's just market. Care to explain?

i don't like how trading/selling is called dumping. Some people like to invest in some other stuff for the time being so they sell some bitcoins and some of them will invest later in it again when they feel like the value of the bitcoin is going up again

Yeah that is smart but they are some risk. But I like how you think.

How do you want to persuade the big-time miners who have to pay utility bills, salaries and have to keep buying new gear quite often to stop dumping on the exchanges for spot price?

It is difficult to realize that. Then if everyone don't sell where will be found the bitcoin wanted by the new users or by them who want to buy. I'm not sure about this but 90% of bitcoin in circulation are used in the Dark Web. Those kind of users need bitcoin continuously to have the everyday "feed" from this market. This can tempted to many to sell their bitcoins. But even this cannot happen the lack of bitcoin in the market can rise the price but even take away from this market most of the buyers. No one will want to buy and the market will no longer exist practically. Maybe can be even the replacement of it with another existent cryptocurrency.

At the end a dead market probably will decrease again the price to exist or to be back live. So we will be in the same point. If bitcoin would not be replaced and if it will be not a panic which can decrease the price even under the actual price.

I think that every speculation (like the proposed by OP) have not good reactions from the market. Except when is make by only one person which have in his hand everything and had made right calculations about its behavior in the given market.

All other rises were not like this.

This is the first time we have seen exponentially increasing gains since May 2014, and May 2014 was just a dead cat bounce from the 2013 bubble, so those were different times.

Just look at some may/June 2014 threads and you'll see how bullish we still were. That was clearly a denial phase if I have ever seen one.   

This time it's different though, we have been in a nearly 2 year stealth phase, and are now just starting with the next bubble. This is just the beginning, we haven't seen anything yet.

You may very well be right, but the comments I've bolded has been repeated everytime bitcoin goes up $50

It seem some people will never learn the fact by playing the daytrading card you end up getting hurt badly because you will lose your position eventually, and once that happens it's the worst feeling I can think off in the world of investments. It already happened to me on Tesla, I thought "well, this is rising too fast, it gotta correct..." and guess what! it didn't correct, and I was stuck out of the game. Not gonna fall for that with Bitcoin, I will hold and whatever happens happens.

Would not be possible.

Too many transactions.. But the idea of this is ofc good :P

i can not just hold and besides im neew i need to see the satoshjis of it

In my view of a pyramid scheme, the value rises when people join in the hope that other people will join. If that is all Bitcoin is (hoarding in the hope that everyone else hoards), then it is nothing more than a pyramid scheme.

If someone believes that the only way to gain value from bitcoins they hold is to encourage other people to hold bitcoins, then they should realize that they are participating in a pyramid scheme, and should be ready to accept it's eventual collapse.

It is what I am doing now. Waiting. I think price will drop soon. But I also want to earn a little, so I think I'll wait a day or two, and if the price still be high, I'll sell part of my coins and then buy again but for the lower price.

If it can't handle every type of need of the people who use it, be that holding, selling, milking, shorting, losing, whatever, then it's an artificial construct and would be ready to shatter at any moment. Normal treatment and behaviour has to happen at every price level or the danger of it all turning to shit increases exponentially then it starts to sound like a classic ponzi.

Even though that's the case, it will never happen. People out there will want instant gratification and sell or use up their bitcoin to get what they want. Asking them to keep it is impossible.

Bitcoin cannot be a ponzi scheme for reasons repeated hundreds of times over the last 6 years.

Hey, it's late where I am. Any questionable finance scheme starting with a p will do for me at this hour, plus it requires less typing.

Hold our BTC and we are going see the price comeback to 1000$

#Inb4Bitcoinaddictionmakesme

I kind of understand your logic, but if the price of bitcoin goes to high and everyone is hodling, sure, lots of people will stay to invest in bitcoin.

But if someone dumps a crapload of bitcoin, the price would probably drop.

The nature of human being, selfish make it impossible.
The rich continue exploit the poor and the poor want to become rich.
I'm guessing the big shark are eating small shark right now in bitcoin volume.