Bitcoin Forum

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you are -> you're

but i'm sad

How does this relate to me being a true believer or not? I get paid in bitcoins for projects, faucets, and mining. The price going down only hurts me. But I talk on the bitcoin forums and in real life about my passions for bitcoins and my opinions on bitcoins. Give me one correlated reason why this might make one a true believer.

No, if you're a true believer you believe in the network, you believe in Bitcoin and its future no matter what happens. Then you're a true believer, otherwise you're just a speculator.

When you don't panic sell when the price goes down 40%

Yes the smart true believers sell their BTC and then buy it back lower, and have 40% more bitcoins as a result.

Not to be a math nit, but actually 2/3 more

Yep this post only got my attention on account of not understanding the difference between "your" and "you're" but then maybe I've have to many beers ;)

True believers don't care about price , they care about use and adoption.
The people who care about the price are the opportunist finding a new place to earn some money.

a true believer has most of his cash in bitcoin and dos not sell everything when a bubble appears. 

I don't understand this logic. If you're a "true believer" then you will want the coin to succeed as a mainstream currency and infact stabilise with the hope of more merchants accepting it.

Your logic is flawed.
Why would a true believer be glad for a price drop?
A true believer is buying things with coins so it's not good when you go to the restaurant and have to pay 0.1 when you order and 0.12 when you get the bill.

Yeah. Like EVERYONE doesn't try to apply that simple logic to the market.  In the end EVERYONE isn't a winner. ;)

There's also no level of skill when doing that. One can train a child to monitor graphs and buy on the low and sell high.

Unfortunately too many people play bitcoin as a casino. Waaaayyy too many gambling addicts and not enough innovators that deliver bitcoin products/services to the masses.

I hear way too many people quack about bitcoin being a 'currency.' Dumbfucks have no idea what they're talking about.

I didn't even notice the price going down, but now that you've said it.. this is a buying opportunity.

I agree on that a true believer are glad when the price fall, I myself included. I understood your logic rightaway.

40%? normal price swing for a day  ;D

Yeah, and causes the panic merchants to sell on a daily basis, many never to return.

I still think the true sign of a believer is when you bring it up in every day conversations. Bitcoin becoming more mainstream is the ultimate goal. Obviously making a ton of profit from it is great, but it's still secondary to it gaining mainstream respect.

I do bring it up but most people look confused. The most common question I get is "who's in charge of bitcoin?", and I talk about "the community" and "open source". Obviously a very new concept to most people, who haven't got a clue what open source is and they seem very dubious about a "currency" without anyone being in control of it. But hey, let's face it, its a pretty radical ideal in the early stages still. We shouldn't expect grandma to get it unless she is really plugged into the matrix.

I'll keep plugging away, try and explain it better as I go along !!

Just tell them on the contrary. Ask them if they prefer a currency that can be easily manipulated and devalued at the whim of those banks and governments that control it?

+1
+1
+1
 ;D

What you mean show them the price of bitcoin over the last week? That will install a lot of confidence in them ;) Manipulation, devaluation aplenty in bitcoinland, not just in bankland.

NCM are you a true believer of bitcoins? Well I am not a true believer of bitcoin but a true hater of bitcoin. Bitcoin is backed up by the emotions of investors once this belief of investors turn into hate then there will be a downward move up to a point where it become impossible for it to recover ever

Do you hate Bitcoins or the people that use it?

If you hodl you believe.  ;D

If you are a true believer you wouldn't care about the price since you use it as a currency not an investment.

I think the opposite can also be true. If you believe in BTC as a currency, it's worth holding on to for the future as an investment. Whether you hold it now or spend later, you're still a believer in the currency.

True Beliebers:

http://media.metalhammer.co.uk/wp-content/uploads/2013/10/lars-belieber.jpg

We have to care about the price. If it went back to $1, all the investment would stop, there would be no bitcoin ATM machines, no hardware wallets  developed, no incentive for people to develop new services. It would be the end of bitcoin.

I don't think it going back down to $1 would be the end at all. A lot of people would've lost money for sure, but it can and still will be used as a currency and people will still be developing things for and around it. I'm sure it'd rise back up as people bought in anyway. Maybe a lower steady number would be better in the long run for the currency.

Any kind of steady number would be good, but its a dream at the moment.

Yeah, I can't see how it'll ever becoming steady to be honest. With every big merchant or media hit it'll grow in price. Maybe if it becomes truly mainstream it'll taper off, but there's going to be fools panic selling everything there's a slight drop or some bad news for a while.

I true believer is anyone who sees the potential in Bitcoin, regardless of if the price is high, low or somewhere in the middle.

True believers never sell.

happy messed up with sad  :)  :(  ;D

Please please go lower :/