Bitcoin Forum

Ever since the bubble the smart and wealthy knew bitcoin was here to stay and at the least is a new asset.  First step was to run the price into the ground by shorting and negative media to start accumulating at a much lower price point.  But the shills and the whales can only keep it down for so long which is why were now over $600 from $200.  But the shills will never stop becuase there only job is to instill doubt into new buyers and weak hands.   Rich get richer and poor get poorer.  This is the same in bitcoin as in fiat.  Bitcoin is still in its infancy and is a long term investment and hedge like gold.  You should not buy btc in the hopes to sell 2 weeks later to make money, unless your a pure trader of course.  Long term is the only way for average joes to think about bitcoin right now.  Bitcoin will never just go away and go back to $10 per coin.  Its here to stay and will appreciate (almost) every year.  Don't totally miss out.  Put at least something in cold storage for long term.  You will regret it if you don't.

I think people still panic remembering that massive dump when price reached well above 1000$ down to 200$ range few years ago. But scenario is different these days with more adoption, huge marketcap, huge popularity etc all making bitcoin more stronger, so i don't think same types of dump will occur soon.

not matter what is happening with the price, the majority of my coins are stored in a secure manner for the long term. with long term i mean at least 5-10 years. in the meanwhile i entertain myself whilst trading. that allows me to accumulate even more coins. beside that, shills were here from the very beginning, and they will stay here till the very last day. people should just skip through all their fud and focus on what's real important.

Im not a fanatic of long term holding since we all know that bitcoin price suffers lots of fluctuations even at 24h monitoring.

Also I don't want to waste the supposed profits we can get by taking actions every price fluctuations while you are on hold process.

Well for average joes, I think your concern is applicable. Agree with that but learn also to improve their strategy while on the process of holding coins.

you are also avoiding the supposed losses, this is the point of holding, being neutral

if you know that bitcoin will be big enough that few coins will make you rich, why exposing your saving with a risky trade at all?

i prefer a safe strategy, while generating coin in another way, via mining for example, which is much less risky(there is actually almost 0 risk in gpu mining)

You obviously make btc from advertising a bunch of nonsense in your signature - plus a bunch of shill accounts you have as well. Why don't you stop being so f'g cheap and buy some bitcoins?

Btc is here to stay, that is my opinion too. Watching long term price can just go up, this daily fluctuations are just cause btc is still young and unstable.
I think blockchaing generally is the future, so not just btc will worth a lot. Of course like you said, there is big players who manipulate with btc and other altcoins and that is one of problems that btc have.
I believe next 10 years will be crucial for btc, this and two next halvings and we will know how much can btc grow much better.

i dunno if most people have the patience or the guts to ride it all the way to total success. comes a time when you can't take much more. holding it is doubly tough because once you're invested you start looking deeper and become ever more obsessed. when you have all that knowledge it becomes frustrating that more people ain't feeling the same way and more people is what this thing needs above all.

I think age has to do with this as well.  10 years ago I was trading penny stocks on a daily basis.  Now I just like to invest in proven stocks and just let my portfolio grow without much work.

Well i think this is not the same as before because if you we are now many users in bitcoin and many company are now accepting bitcoin so its impossible that the price of bitcoin will be the same as before.. so i think this is just because of many miners are trying to sell their bitcoin to make a profit or chinese miners are gradually dumping their coins to control the price..

Your strategy works for you, good.

My strategy works for me, good.

If it's not my statement is not the way like that. :)

you might be right, i usually dont invest my money in any trading at the moment even though i used to do that earlier

I honestly expected this to be a troll topic and for you to be saying that Bitcoin is going to collapse and we're all doomed and fools for investing or being involved with Bitcoin. I'm glad to say I was pleasantly surprised when I read the full paragraph.

You have a very optimistic post, however I think you're right and there is a lot of potential with bitcoin to carry on into the future and for a lot to happen that will help us progress into the upper classes of society, if we are so luck as to have that happen.

OP, your purpose for such post can be understood. But people are here just for making money, and when they see something good in green, they just try to get out instant. Not easy for people to remain when they see prices popping up higher and their BTC got big value, they might get in again.
This is the concept.

I believe bitcoin, I intend to hold for a long time, 5 years, perhaps more, I believe that the times are moving forward, not backward.

Ive only been into bitcoin for maybe a couple of years now but ive jst been trying to accumulate as much as i can through whatever eans possible, I dont have much compared to most but since i begun ive never sold any at any price. I have used it to occasionally buy stuff but never cashed out even though ive always been in profit. Im in for the long run.

No, definitely not. The market has already forgot that completely. Markets have very short memory.

During my first year of earning bitcoin, I used to cash it out and convert to fiat. Though I don't have that much before, I'm still thinking that it should have been better if I save that up to now. Honestly, I don't expect too much about the value of bitcoin that time, because if I do so, for sure I had buy more of it than spending it. But now I'm not cashing out anymore, I'm saving my earnings and use some in trading  :D

the dump happen and it did took long time not short time,worrying is pointless,trader always know the consequences

actually no, i'm posting more than what i'm paying for, this because when i see bullshit i must respond

my income is from signature and mining yes, but more from mining, signature do not give that much nowadays