Bitcoin Forum

Bitcoin now worth $1200 with all the FUD and hatred with all the negative opinions about bitcoin, it's performance during past 3 months has proven that bitcoin is a serious currency with a bright future.
BEAT THAT!
Almost $20B market capital, literally from zero to hero :D I don't see those idiots always talked about $200 is the real price any more.
Now mining makes more sense than ever.

A couple of years ago after the huge depreciation in value after the Gox debacle this forum was littered with FUD, trolling bears etc.

As you said, bitcoin has proved everybody wrong & soared in value. This is just the beginning though.

To the MOON.

Bitcoin did prove to be worth the investor safe haven for the time being. I am not sure if the price per Bitcoin will increase further because of the whole issue of the ETF and the sudden price rise baiting the people who hold the coin to dump within the markets.

I have a feeling that the price of Bitcoin is at a high level only because of the stuck Blockchain causing people to spend less coins within a certain time-frame.

FUD is just nonsense and waste of time. we have two kinds of group.
1- those who know about bitcoin. and this group don't care at all what the FUD says, they either have strongly invested in bitcoin and don't leave their positions at any cost even if price drops. or some who see the real value of bitcoin as a decentralized system and lovingly use it.

2- newbies who don't know bitcoin. FUD only keeps these away to some point. until they see past the bullshit and come in.

those who spread FUD are only wasting their time!

I am happy that the price is high, but nothing has really changed in the last few months!
No ETF, no bigger block size, higher fees, no greater acceptance, no new regulations.

The price is high though, so that is good!

I'm pretty certain that mining makes exactly no sense unless you get free electricity. If you want Bitcoin, then buy them, it is quicker and less risky than mining, leave that to the farms.

I laughed so hard I almost died :D do you really think for some one trying to transfer hundreds of thousands dollars in bitcoin half a buck or $1 is anything to pay as a fee for 10 minutes confirmation? blockchain stuck with unconfirmed transactions is mostly spam/faucet dust/financially poor people, otherwise there has never been any issue in the network if the recommended fees were paid.
Last 24 hours volume around $152M almost 10 times the daily mined coins. that could mean if you buy $100M in BTC you can sell without any problem tomorrow.
Your feelings are betraying you.
What do you have to say about miners who started mining 2 years ago? if they considered it as investing and would've kept their bitcoins electricity cost was meaningless now that they could sell at these prices.
Why I say mining is good now? because a few month from now difficulty will increase as well as the price. so mining now and holding your mined coins makes sense.
Exactly, nothing really happened but still price increasing. another thing to consider, bitcoin resist any changes small or big that indicates how hard it is to manipulate the system.

Because those people don't own much bitcoin or none. Or they lost some money by buyinng high long ago, and still have not make a profit from it. Or have lost lot of money in Mtgox long ago, or case similar to it. So they develop frustration for waiting to much something happen.
When no big news about bitcoin, pessimism tend to be higher. The funny thing is sometime when there is a wage of pessimism though medias ect the price tend to incrase ;D

All of us are not aware of it that bitcoin can become this big, I think at a price bitcoin is right now we can really say that it is surely become a big hit right now and mining was pretty profitable because of the value I really like the saying of from a total zero now to a Hero! it can surely compare to the way bitcoin was landed a big time price than this.

These FUDers are mostly just bitter people. Either something happened that soured bitcoin for them or they have an interest in bitcoin failing/plunging. Time and time again they have been proven wrong. Even with prophets of doom going around, all the uncertainties today is making bitcoin look like a reliable investment, even for the more timid ones. Besides, even in the case of a crash, your bitcoins are with you and people would buy lots of it cheaply leading to another price increase.

I personally can't believe that people actually hear what FUDers have to say. We should be careful more then ever at this point though, price increase could make some people (exchanges) greedy and that's worst then FUDers IMO as It could result in inside jobs and we don't want that for now.

the bitcoin ETF that is very close has got everybody so excited for the time being and i believe most of this price rise is because of that. but also lets not forget that the news of this ETF in the media has been bringing lots of attention to bitcoin and that means more investors which increase the demand and the price as a result.

and apart from this temporary ETF effect, bitcoin has always been pretty strong when it comes to price. there is a very strong and growing demand for it. and more people start to understand the scarcity of bitcoin.

Maybe all those FUD articles have their positive side as well.
I can imagine that they prevent bitcoin from bubble building, keeping the growth rates in check.
I have always said that I like a slow and steady growth better than the sudden one, because I have no trust in sudden moves.
So despite the fact that the FUD-news are complete nonsense, they could have positive effects they actually do not want to have.

You will have to look at the reasons for this FUD and who is behind it. Let me take an example :

~ You are a Gold or silver investor and a new kid on the block threatens to take a major share of Gold & Silver investors. Well, you know it will

    influence the value of your holdings, so what would be the natural thing to do? Spread FUD about the competitor. This is the same for Alt coins

    or any other commodity.

~ You print Fiat money as and when you want it, {governments} ... Bitcoin wants to take your power... What do you think, what will happen.

~ You charge huge fees for banking services, and Bitcoin wants to disrupt that monopoly... Do you accept that?

It's all about money and power.  >:(
 

that is what i love and hate about bitcoin :D
i love the fact that none of the FUD effort that the idiot FUDsters make is effective. it is their time down the drain!
but i hate the fact that i have to see it all the time. every time i open speculation board i see a brand new member created to spread the same copy paste FUD

Play with the FUD rather than FUD will play on to us.

That's how to deal with the bitcoin price especially the moment when there is a big price increase. FUD is nothing in the first place since it's up for people if they will believe in such negative speculations about what will be happened. Look at now at the current price rate and see how well the current price get a nice and wonderful stand at it's position.

To the moon! 8)

Fud is nothing more than a handy "tool" to cause panic. Everyone here knows how fud coming from China has turned out to be a great way for people behind the scenes to get the price to sink real HARD. Right now any sort of fud coming from China will be taken less serious as their exchanges aren't leading the market anymore like they used to do. It's now the western exchanges that are directing the market to new highs. At some point we'll reach a stage that only hacked exchanges where hundreds of thousands of coins are stolen, can cause the price to sink unexpectedly.

There is no panic now.
BTC price is holding above $1200 nad nothing is going to stop it's rise now!
NOTHING! :D

I bet you're right , the haters and doomsayers and skeptics have had their mouths kept mute by Bitcoin in these past few months especially in recent days. Their doom never cam to pass and Bitcoin is growing from strength to strength.

Damn I wish I was aware btc existed when the price was this low, for sure :D

Even just in entering at the 650/700$ price I'm already VERY happy!
Fact is that there is no reason for btc to go too low. It's useful and it's used, that's all what you want from a currency.

It is making its own way to become more and more bigger .it is creating a whole new picture of itself and the price is increasing like a rocket .negative comments bumped down and it is creating its own brand of currency in its own world.

FUD is just FUD, it is annoying as hell but it is not effective.
real investors and those that have been trading on exchanges like whales are not even going to read these things and never make decisions based on this.
what matters is the price and the charts and the orderbook.
i think it is already proven that bitcoin price is on the rise for as long as it was alive and will continue so until it reaches mass adoption level and a 5 digit price.

...

Yes, I have to hand it to O/P (and various contributors above), that despite a lot of sound and fury over the years since I started (about 2013), Bitcoin has proved durable.  I suppose that even with the inability of the developers and miners to solve the current weakness (too many unconfirmed trx) that BTC will continue to scale to new higher prices albeit bumps along the way!

At least until something notably better comes along...

Only those who have no enough knowledge about bitcoin will listen to FUD. I like when they dump so we can buy.Actually, with this price that we are seeing now, it is the evidence that there are more believers than those who doubt.For me, when the price is still not this high, it gives me a little doubt and I was not too aggressive with my investment but time like this has come to prove me wrong.

FUD is always going to be a part of the market. and i have seen it everywhere, the magnitude is different though. for example in my country, a while back there was some FUD about dollar price and the price tanked pretty hard and then bounced back, in the end it was all about some people wanting to make some more money in the chaos.

the more experienced people get the less effective these types of lies are going to be.

and besides someone said a nice thing above, try to use FUD to your own advantage and play it.

Those whose faith didn’t waver and continued to trust the process are being rewarded handsomely now. Imagine if you were one of those who bought a lot when the price was at $200, during a time when a lot were saying that this is the end for bitcoin and would become worthless in no time. Now, the price has surged past $1200 and looks poised to conquer new territories.

I guess people are not stupid to be fooled by FUDs anymore. We are mature now.  Thats why FUDs isn't much effective these days.  But thanks to FUDs because we learned our lesson. Because of that bitcoin became more powerful and almost unstoppable. Lets accept that FUDs will always be there to annoy us.