Bitcoin Forum

I know this comes of as harsh and self loathing at the very least, but I'm gonna say it. I'm greedy, I'm forgetful and I'm probably a schmuck. Now I need you to say it with me. When I mean "you" I mean any earthling born of a woman (traditional, surrogate, or one of these innovative sci-fi ways people bear children these days) who has complained or been complaining about the current price of BITCOIN and the entire crypto market in general.

I'm going to say this in as few words as possible, HAVE YOU FORGOTTEN BITCOIN'S PRICE IN 2009 THROUGH 2013, UP TO EVEN AS RECENT AS 2016? Also have you all forgotten the market cap, the lack of news worthiness of the blockchain in those days as compared to today? I'm not gonna do your homework for you all, google can provide good starting points to get those data.

My point is instead of us being greedy schmucks chasing and reading charts all day (except that's your day job then, well, I'm sorry you're not a schmuck), obsessing over price drops that quite frankly are orders of magnitude bigger than what it was years just a few years back. If you couldn't get in then to buy cheap, then don't blame the market for buying BTC at $20000. Be honest to yourself, whose fault is that?

Stop all the FUDding and especially the FOMOing, relax and accept the undeniable fact that the blockchain is an amazing tech a lot of us are privileged to have seen in their lifetime, and know that value always trumps doubt any day any time. Chill and invest in value, transparency, and an actual blockchain, then forget the noise and be glad to be alive. Its a good day to be alive!


[EDIT: August 16, 2018] English is quite funny so some words can be used quite fluidly. The "bastard" term is used as in "You lucky bastard", just in a more negative way ;D

those looking at charts/price daily should stop seeing the information as a price.
instead if your involved in the price daily and wanting to make daily decisions/trades then see it as percentages

have some fiat and some coin
dont use it all in on go

when the price moves down by a few percent. put an order to buy some. and also then to sell som at a price a few percentage higher.

when the price moves up by a few percent. put an order to sell some. and also then to buy some at a price a few percentagee lower.

play for small percentages and repeat repeat.

again dont play your whole hoard. just look to small amounts often. small percentage amounts that you know rpeatdly move in a short time.
after a while you stop seing the price and only see it as a +/- percent vs last order
where both a +% is an oppertunity to sell for profit and a -% is a oppertunity to buy at discount for profit.

..
for those not intersted in day trading. but still get motional about the price. here is some simple advice
you have just admitted to yourself that you wont trade daily by reading this point.. so stop looking at the price daily, after all its not
like you going to do anything by your own admission

A normal people who don't know bitcoin and traded bitcoin since know when bitcoin hit 19407$ in December 2017, it become the greedy bastard.

when you are googling price, you should also know that what you see is just "data" not "information" and unless you process it properly it can not become information.
what happened to the price back in 2013 and afterwards is nothing like what happened to bitcoin in 2017 and afterwards. back then it was basically 1 exchange manipulating the price and pumping it, now there are at least 10 exchanges and the manipulation was negligible compared to back then.
the drop was the same too, the drop was because of bubble correction and panic sells also because of Mt Gox scam and 10 other things but today it is only correction and panic sell.

eventually we will also get out of this slump and those newcomers panicking now will either leave or become experts of tomorrow seeing past the price and its ups and downs.

Not forgetful, but currently there are so many who already know cryptocurrency. You certainly know that if you are new to cryptocurrency you will definitely panic if the coin price is decreasing. especially for lay people who haven't known cryptocurrency for a long time.

I wouldn't say people are forgetful. They just have recency bias:

https://bucks.blogs.nytimes.com/2012/02/13/tomorrows-market-probably-wont-look-anything-like-today/

It's fairly normal to fall for it, and the phenomenon isn't unique to crypto because it's been observed in the stock market since forever. People in crypto just tend to go crazier because the crypto market is a whole lot crazier. I can't really fault them for it, but I do like pointing it out.

Of course, people tend to be that way no matter what. Is is human nature so we may have to control that for ourselves. But somehow I already have fix my problem with that.

Whenever some one enters some economic market; his intention is to earn some profit.  But if  it  is done with prudence; experience; intelligence then the person will mostly be taking good decisions in his favour. 

But if someone enters here just because people have earned a lot or price has risen and some one gained because of  it; he will be behaving like sheep.  And falling in some difficulty is definite for him.

I can not use the word bastard for anybody.  But still the act of second entrants type is foolish.  First type of entrants are though intelligent but may suffer loss because of excessive greed.

most people in crypto right now are forgetfull and greedy. we are all talking about the tech but most of us just want to be rich quick. we need real world use cases for crypto to be succesfull. but it will take time. we are at the beginning of the tech and it will take time for global adoption. but also a lot of people bought in an ATH so i feel for them

In my own understanding, these people who were always complaining about the dip of btc were those who lack the foundation and knowledge about the btc market. I would suggest to these people to make their own research and understand the price history of bitcoin from the start and up to the present situation and once they had do that, probably they will no longer complain anymore as they already understand the history of btc in the crypto market.

Look at the accounts of people who are worried about the price on this forum or any other platform - most of them are not older than 6-12 months, so how can they forget something that they haven't experienced? Psychologically, looking at the historical charts is very different from experiencing those market movements. Many people become hodlers because they get accustomed to volatility and no longer care about crashes. But most newcomers don't even have any experience in investing, so going through their first bear market is very hard for them.

no, not at all . ignorance is one of the factor that isn't making people realise how the market works. there are several periods which you can invest and same as cashing out. before venturing into something like this i'd suggest we get all our informations ready and plan our minds. then we realise the reality 

Such type of attitude could be expected only from the early investors of bitcoin who just got excited by the blockchain technology and enjoyed investing in it.But nowadays,we could only see greedy newbies having a big thirst of becoming rich overnight and considering bitcoin only as a high ROI giving asset.

Most of us are, sadly, ever since bitcoin gained traction and gained momentum toawrds $19k. Almost everybody wants to get rich quickly without having the need to work for it, and so they found bitcoin thinking that the said goal would be achieved easily by buying into it. Many people are looking at cryptos as a means to get rich without actually realizing its economic importance towards the financially-oppressed demographic of the world. Many un-banked people have the chance to finally get themselves involved in a growing web of e-commerce without having the need to go to their bank and place a minimum deposit.

In our hopes of getting it big through bitcoin, we actually lost interest on what it could possibly do in terms of being your own bank and keeping your assets away from the oppressive capitalists.

People should just chill out and wait patiently.  Greediness almost never brings any success.

This is a great post.  Its amazing watching and listening to everyone run around here freaking out when we have been through this so many times.  Its completely unbelievable.  I say the upswing will start late this year or early 2019. 

Everything you have called yourself and everyone in the same shoe is just the right thing which needs to be sounded loud, clear and harsh if need be and I am equally tired of seeing several threads talking about price speculation and lamenting about what will happen to price. There was one about how those who invested in crypto currency are currently depressed, another would be asking whether what happen in 2017 can be repeated in 2018 among several ridiculous questions.


On the average, bitcoin price has done significantly well in terms of ROI from an all time period. Even now a visit to blockchain.com with the detailed analysis showed return over 2000+% increase but because we got used to the increment that happen last year, people expect that is how its going to continue seeing threads about how its going to be $30000 in March others were even predicting $100,000 before the end of 2018.

The only set of people that takes the blame for every happenings in the crypto world especially bitcoin price, whether directly or indirectly are the 'whales' beliving to be the wheel behind every action forgetting the all of the mass of people involved in bitcoin all over the world looking for who exactly is the whale? People are even allowed to spend all day on charts reading it. The important thing is not to wyne about it. If you see an opportunity to turn out returns no matter how small, take it. If you see something that will make you depressed then that is your problem don't come to the forum to contaminate the mind of people seeing opportunities in every situation.


And that is the overall good news everyone needs to take as consolation that in situations where you want to get emotional about situation of things as your investment not going the way its being planned, chill, you are not the only one and what you are holding has been proven times without number to stand the test of time.

Yeah yeah, all that sounds pretty but, let's be honest, people no longer care about the tech behind X or Y project, it's all about which project/token/coin will x5 or x10 soon. it's unfortunate, but that's the dynamic of the market. I believe one of the reasons why the altcoin buble popped recently was because a lot of people finally realized that they were pouring money on shitcoins for the sole promise of a quick buck and big ROI.

Let's see if this dynamic changes after this bear market, though I don't expect much.

comparing bitcoin price back in 2009 and now is very unconvincing . it's like apple and oranges ! people who invested back then are already millionaires now and don't complain , the problem is the majority of people who have just heard about cryptocurrency in 2017 and a lot of them invested in high prices and since then they are seeing only bearish trend ! i know some people who are dept now because of that trend  so don't generalize your talk .

I think that you can't say such things about everyone because really i m not greedy  like many traders. As for me, I have many ways to earn money and this one for me is just a hobby and a way to have some additional income

Wow, there is actually even a name, a scientific name for it. Thanks for the info

I see what you're saying. However for what its worth, the "bastard" term is used as in "lucky bastard", just in a more negative way

The typical human being is weak minded. He/she quickly gets used to things and then switches to treating them like a standard, taking them for granted.
I do these things too. For instance back in 2016 I was so happy when BTC hit 1000 USD, but after a while I got used to the price and now If it were to fall back down to 1000 I'd feel so depressed. So, what 2 years ago made me happy would now make me sad, even though I still have the same coins that I had when they were worth 1000. Human psychology is so weird.

You really nailed it. I would have sent you some merit if I could. Thank you for this comment

This is s true. Most people have really lost sight.

The best thing to do when you feel like bitcoin is going to crash just because of a little fluctuation in price is to go back and study the price of bitcoin from five years back and see the trend of things and also study where the price of bitcoin is coming from. this will build your confidence.  Price fluctuation is it nature.

I really dont think "it just sounds pretty". Its true. Now if people decide to invest in shitcoins and only care about 10X returns, that doesn't really affect the real projects out there. It just means a bunch of people are gonna get burnt sooner than later.

LOL I think just about anyone who invests in crypto currency is a greedy bastard. Think about it. It's virtual currency. Nothing physical. It's not like a bar of gold or silver that you can actually hold. Now there are some people who invest in crypto because they think the idea of a non-centralized blockchain and virtual currency is a good one. And that might actually be true. But the rest are just greedy bastards. This can be proven by the wild swings in Bitcoin prices.

My point is if you study the historical data, then you know there have been bulls and bears along the ride, albeit with an upward trend. Also there always gonna be people who will buy at the highest price no matter how many time they hear Warren Buffet say "Be fearful when everyone is greedy and greedy when everyone is fearful". Of course you still need to do your homework, but how many people care to do any research, or even bother to read the research others have done. I really cant remember a name, but earlier this year during the crypto highs, while a lot of people were speculating that BTC will get to $50k before the end of year, some other intelligent people still predicted a long bear season. Now who do you think the uninformed and lazy masses listened to?

I'm not talking to anybody specifically, I'm not also talking to everybody. I said "MOST"!

;D ;D ;D good one!

majorirty of humans ae just naturally greedy. they don't care about what happened years ago,they only care about what they stand to gain at the present moment. That is why so many persons spend hours looking at price chart and creating fud whenever price drops a little. the greed to make excess wealth is all that matters to many investors

I hear you!!!

Well Im not sure if Im greedy but really Im worried about these drop in the prices in the market. And I cant really say I forgot because I was just new to crypto about a ear only. But if the veterans here say that the dip is temporary and normal, then i ll have to believe it.

Everything is temporary in crypto, whether its an all time high or low prices. So this too shall pass

Well i guess we are all the same, as the saying says even if how white the bond paper is sometimes we all just notice the small dot on it. Even how good the achievements and accomplishments of bitcoin after its coming back in 2013 and even if the price was so high in 2017 still the negative and disadvantages we all see, for me its normal no need to worry just be wise.

to be fair majority of those accounts are throwaway accounts that belong to certain people who have been spreading FUD on bitcointalk for a very long time. probably from early days (like kuwakduck for example). they try their best to increase the fear by putting wood in the fire that is already burning so that they can buy bitcoin at the bottom or short it and make a little more money.

i should also mention that you become a holder when you don't want to be a trader. it doesn't have to be because you are accustomed to volatility. being a trader is time consuming, hard and thanks to shitty exchanges that get hacked or go down during rises/falls is risky.

You can't point the finger at them. Some of them purchased at 18k$ so it must be rationally exhausting for then to hold this time. I trust however that they understand that this dump is simply brief and will recoup soon.

You can't blame those who bought BTC at its peak for being a greedy schmuck like you said. Most people especially newbies who bought bitcoin at the top will either wait for another spike of bitcoin or will average out.

Blockchain is an amazing tech indeed but unfortunately, many people don't see this amazing things of blockchain because many people see bitcoin as a way to get a profit. We can't control them if they see it as it is. As an pro investor, we must think this concept in a long run. We must think that this technology can help us in the future. We must not see this technology as a quick rich scheme.

I think that the current fall in price is because of the panic sell of most of the investors who did a late entry in crypto in the month of December. It might also be manipulation in price but I don't think a manipulation of price can last so long so it should definitely be the panic sell which has led to a huge sell off and hence the marketcap has become so low. I really don't care of the price as of now because I am here for a long term and I believe that BTC and other promising altcoins will surely make it huge in the long term.

No its not just you. You are not alone in this. Even I joined crypto because of my greed to earn huge profits without working too much and look where it has gotten all of us. Most of the people are in huge loss due to this.

Some of them are, but I believe majority is simply worried investors who might also be doing investment for the first time in their life. I'm not talking about FUDers here, but about people who simply ask about the price over and over again.

What I meant about becoming a hodler is actually obtaining this kind of mentality when you just no longer worry about the price because you've decided to hold for years. And it's not incompatible with trading, because you can still trade with some part of your portfolio.

Yes, indeed it is, people get used to good things and forget the past. In 2009, no one even thought that bitcoin would reach 20K, and now everyone is just waiting for this figure and do not want to accept other

You are right, people nowadays are expecting too much about bitcoin, they don't even know how they'll handle things and how they are going to do when the price dumps too much without realizing that before bitcoin value was nothing, so we just need to be patient all the time.

The charts are interesting to look. It is the charts that are creating the awareness of bitcoin and other cryptocurrency. The truth is we all need to look at the charts. Looking at the chart is not the issue. Expecting that the price will always go up to the moon is the problem.

Well I'm positive we'll recoup these losses. We just have to stay strong and trust in history!

Yeah this is exactly what bugs me about us humans. If we dont have or know about something, then everything is cool. But once we see the possibility of something, it automatically becomes as if we cant live without that possibility

The expectation is really too much. Bitcoin is NOT A COMPANY yet worth over $100 bn currently. What more do we need?

very good statement, I think that we cannot be separated from FUD and FOMO, it will always interfere with the development of the market.

we don't forget that bitcoin once reached $ 20,000, we are now only controlled by concerns that create panic and FOMO.

so, a wise attitude to face a bearish market is not panic, calm, and must play professionally.

Yes that a typical human nature that always forget about the past so often. Truly its not easy to watch your investment get sliced at every dip. Its a confusion for major trader which discourages them from holding. We all will he smiling soon. Lets keep it cool.

I think greedy are those who are not satisfied with crypto values, they want to master the bitcoin market, they want to have bitcoin, their ambitions are huge. like china.

You are right, that the bearish market now makes us forget that bitcoin once reached 20K.

but quickly, the bearish market makes us forget.

You can't blame them. Some of them bought at 18k$ so it must be mentally taxing for then to hold all this time. I hope though that they realize that this dump is just temporary and will recover soon.

If only they took time to learn first before they invested their money, I think this thread is for those who already been here before or for those who did their
research and investigate deeper, but for people who been brought here because of the trend happens last yearends maybe they are not greedy but lack of
information to survive with this downfall.

The people who are wise and experienced will wait in the time of bear runs. When the market becomes bullish, they take the right decisions and gains profit. Market is volatile always, the real Crypto-enthusiasts are more likely to keep patience when it is needed.

Blockchain technology is better than the other new technologies in the world and cryptocurrency is using this technology. there is a high probability to gain much profin and that's why there are many FUD and FOMO. So, we should try to avoid this.

No. I have no recency bias. I'm the antithesis of your 'forgetful', 'greedy BTCast*rd' ... and yet ...

   "The industry of the integrated spectacle and immaterial command owes me money {bitcoin}.

    I will not come to terms with it until I will not have what is owed to me. For all the times I appeared on TV, films, and on the radio as a casual passersby or as an element of the landscape, and my image has not been compensated . . . for all the words or expressions of high communicative impact I have coined in peripheral cafes, squares, street corners, and social centers that became powerful advertising jingles, without seeing a dime; for all the times my name and my personal data have been put at work inside stats, to adjust the demand, refine marketing strategies, increase the productivity of firms to which I could not be more indifferent; for all the advertising I continuously make by wearing branded t-shirts, backpacks, socks, jackets, bathing suits, towels, without my body being remunerated as a commercial billboard; for all of this and much more, the industry of the integrated spectacle owes me money {bitcoin}! I understand it may be difficult to calculate how much they owe me as an individual. But this is not necessary at all, because I am {insert your name here}, the multiple and the multiplex. And what the industry of the integrated spectacle owes me, it is owed to the many that I am, and is owed to me because I am many. From this viewpoint, we can agree on a generalized compensation. You will not have peace until I will not have the money {bitcoin}! LOTS OF MONEY {BTCITCOIN} BECAUSE I AM MANY: CITIZEN INCOME FOR {INSERT YOUR NAME HERE}!" - https://en.wikipedia.org/wiki/Luther_Blissett_(nom_de_plume) (https://en.wikipedia.org/wiki/Luther_Blissett_(nom_de_plume))

...

Always try to remember to be more like Joey Allegra ...
- https://moxie.org/stories/money-machine/ (https://moxie.org/stories/money-machine/)

...

+ MERIT for OP and yes .. It's (always) a good day to be alive! ... staring down the money machines of the world.  :D

Based on this current situation we have some problem because we want fast result for everything same case happens in crypto market also because we want to invest short term investment which is also risky.

Agree with that, BTC costs a good amount of money, and a few years go it's still costed a lot. 20 000 for BTC is quite a lot right now, what if btc should cost about 1k back again?

Actually greed destroys everything and we want quick result for everything if we hold coin for long term I mean long term investment then it will be helpful for us but most of them don't do this.

I appreciate with you because most of us are looking for quick result and short term investment but if we invest for long run then we can get more benefits based on this.

It is true that most of us are after quick returns, we are in fact greedy. If only we had the mindset of being in the market for the long run, then the scenario of the market would have been a lot different.

The main problem is that, the majority of the investors are after getting faster returns of their investments. No one wants to HODL anymore.

I have seen at least hundreds of posts in the last few days that were either FUDs or people just whining about how they wanted to leave the marketplace. I feel these people should leave the market already since they don't have the patience and the knowledge which is required for surviving a market as volatile as this. Mostly, the newcomers are falling for these FUDs and their experience with cryptos is getting ruined.

Of course greed is the major fact and i also admit that I entered only for my greed, greed to be rich and lead a peaceful life with my family and friends.

People who invested in Bitcoin during it's introduction period are well aware of such situations and the FUDs and FOMOs that come along with it. I don't think any of them will panic seeing such drop in price. The new people who are only interested to invest for a short term and make a fortune out of it get frustrated in most cases as they don't have the idea of how crypto market works and what it is capable of in reality.

Can't really blame people who are only here for making profit, afterall, we created such image of Bitcoin by ourselves. Due to the manipulation, hype and all the pump and dump cases many people got interested in Bitcoin and their greed got the best of them. Whereas, Bitcoin should have had an image of an instrument that can replace the traditional payment method worldwide and that was exactly the dream of Satoshi.

Many people in crypto right now are careless and avaricious. we are altogether discussing the tech yet the majority of us simply need to be rich brisk. we require certifiable utilize cases for crypto to be fruitful. in any case, it will require some serious energy. we are toward the start of the tech and it will require investment for worldwide selection.

You are definitely right. People who knows the every corner of a business neither crypto or not will not be panic once coin will decrease because they consider it as a challenge to themselves. People already knew what behind Bitcoin and what are the possible things they will encounter in a long run.

Such sort of state of mind could be normal just from the early financial specialists of bitcoin who just got energized by the blockchain innovation and delighted in putting resources into it. Be that as it may, these days, we could just observe insatiable novices having a major thirst of getting to be rich medium-term and considering bitcoin just as a high ROI giving resource.

This is a sign of fear when the market is falling, which makes us very dependent on the virtual currency, but if you are a real investor, do not worry about it.

At whatever point somebody enters some monetary market; he will probably gain some benefit. By experiencing he will gather knowledge for it's own benefit. on the off chance that somebody enters here in light of the fact that individuals have earned a great deal or cost has risen and somebody picked up as a result of it; he will carry on like a fool.

Yeah you are not wrong. This is the nature of cryptocurrency. Fluctuations will be happen and it's quite simple. But many people won't understand that thing. They are just having panics.

Exactly i was thinking the same thing. The price falls and it is the time many investors enter the market and have profits. These panic sales only helps the whales to have massive profits.

Very good observation. I think everyone should read this. I think we should keep some trust on cryptocurrency. It is really important to survive in cryptocurrency world.

I think you are frustrated on this market. Most of the people got this kind of feelings who are spending a lot of time in this market. I hope everything is going to be alright.

Actually I think it is your problem that you have faced and accusing other. You should face it alone and solve it yourself. Don’t be frustrated and I hope you can do that.

99% don't care about the price in 2010 or 2012 because they are not able to realize it also haven't experienced it, most people are new and in loss now. this is why there is too much bullshit now  :)

Yeah you said the right things. It’s true that everyone should join this platform wisely to reduce the chance of lose. It will also stable the market and we can do business for long time and make profit.

I think no one forgot the history, it is just so happened that many of them are newbies that easily been manipulated by FUDsters. I even known a person that has been in cryptocurrency for long and still caught on this kind of bait. As for me I consider my Bitcoin like my pet in the cage while seeing them growing every year. I don't care about the FUD because I keep it for long term investment.

My point is instead of us being greedy schmucks chasing and reading charts all day (except that's your day job than, well, I'm sorry you're not a schmuck), obsessing over price drops that quite frankly are orders of magnitude bigger than what it was years just a few years back.

If you're involved in the price daily and wanting to make daily decisions/trades then see it as percentages have some fiat and some coin don't use it all in on the go when the price moves down by a few percents.

Whenever someone enters some economic market; But if someone enters here just because people have earned a lot or price has risen and someone gained because of it.

I don’t want do say any rude but maybe you have been suffering the issue that you are accusing others. May be it’s your issue and you have to solve it by yourself. Good luck!

I think this post is the result of your frustration being failed in the market may be. And I believe people who are still in the market know it very well. So you should take care of yourself

I agree with your opinion brother. We should think more and involve ourselves more to prevent the unusual behavior of crypto market and make a stable platform to do long-term business

Exactly, when bitcoin keep on going up, people not do tge correct speculation, they just want to make a quick cash and keep on investing, they never thought of correction, when suddenly the reality hit them, they lost a lot of money and keep on complaining about the price, and now they hope that the price will rise like last year, when their hope is not coming they will spread fud to make other feel miserable, greed is a dangerous thing in investing, it clouded people's analysis

Humans are indeed the place wrong, forgetful, and greedy. But in the cryptocurrency market, I may often make mistakes because of forgetfulness, such as selling BTC when the price's low, less able to control emotions. But I feel that I'm not greedy, because the most greedy people in cryptocurrency are them, yes they big whales  ::).

this kind of behavior is not very disappointing, I understand that this are not having very good time in the market but that doesn't mean that one will become that much upset, we should know how this market works like and try to coperate with the protocols

you are right we should avoid this fud. blockchain are the more secure and potential technology. it's ensure transparency. it is more essential at this time in the world. it do something good in future. its future are bright.

You have some point there but many people are into bitcoin because of it's supposedly "financial reward". When they started in cryptocurrency mostly what they know is that it can give them lambo and make them millionaire. Most likely, the person that convince that person that convince that person that convince that person and cycle goes on during late 2017 was misinformed and only wants to put their christmas bonus into investment that can give them quick cash. Yes, greed is the reason of late 2017 ath and now people are paying for that greed and we can't do anything about it except if we have time try to educate them what cryptocurrency and blockchain is for or just ignore them and let them whine and cry.

FUD are more harmful we should avoid this. but blockchain are more secure and probable. it will make sure our security and provide better service. it will ensure transparency.its future are very good. peoples are more interest to blockchain technology.

Blockchain are more secure and potential but FUD are harmful. we should avoid this and increasing awareness. Blockchain technology are make sure transparency. its future are very good. it will make easy our transaction.

Most peoples panic when bitcoin drop from highest price at $19k and go to $6000. Many FUDers said cryptocurrency market buble burst. Its true that bitcoin price history show that bitcoin still make profits compare 2017 August.

I think it’s not forgettable, currently here are lot of people who already know cryptocurrency. You surely know that if you are new comer to cryptocurrency you will surely fright if the coin price is down.

I try and hope everyone will avoid FUDing and FOMOing. The main features of cryptocurrency are transparency and security in investment. For any type of price increase or decrease, we can not always blame this market because we all increase and decreases the price.

We should always avoid the FUD and FOMO. Sometimes the price will increases and sometimes will be reduced it is the normal rule of cryptomarket. So when the price drops, you make some investment, and when the price goes up, sell something. Thus this market is managed.

I never excluded myself.

Now bitcoin should stop selling. Soon, growth will begin. Investing should only be for the long term. Other coins are less promising in 2018

I suppose a few people in crypto ARE forgetfull and greedy. It is not bad or good. It is just the way it is. Bitcoins is a new phenomenon and rather interesting one, and still those who get into this sphere dream to become rich quick.

You are having a big point to that. Be contented of having enough profits . Do not expect more than what you get , so that you will have a peace of mind. Sometimes you are lucky enough , sometimes not. Just accept that the world is round. I have learned in this organisation that you really need  to have patience more. If you do not have this you are the loser , emotionally , mentally and spiritually.

Yes, people search and find, work and try ... all just want to have money, want to be rich. And you, me and everyone here too, this is just an example, that all aiming at it is profit and profit is all :o.

Yes, earning with bitcoin is a very profitable business and everyone wanted to buy bitcoin as cheaply as possible, and the price continued to grow. Not everyone is so lucky. Many people buy bitcoin for a high price, and then it falls. You just have to accept it and wait for the price to rise again.

Great comment!

Often we see that here that people said because what went up in 2009, will go up in 2019, what people ignore is the law of large numbers,

For Bitcoin to return now it would have to go up 600%, it would have to bounce from a low of $68Billion CAP today, backup to $750 Billion USD, how can that happen? where would the money come from??

Back pre-2014 it was easy, the total cap of BTC was a few million, and like a person said here there was only one exchange, so it was easy to rig the prices, and bounce up & down as they wished, a few million cap was easy to manipulate, whales could move&in out as they wished, ...

Now the loss of BTC over $500 Billion USD is bigger than the GDP of most governments on earth, where in the hell is the new money to 'lift btc' out of the gutter supposed to come from? Nobody ever answers this question.

It's also clear that BITMAIN ( and its miners ) mined the majority of BTC, and the sold, they sure as hell didn't HOLD, its almost like the entire narrative of "HODL", is a chinese mind game played on western morons;

Yes apples & oranges, today's btc is not the 2009 btc where 50 btc bought a pizza, recently 50 btc was $1 million usd that kind of money brought every criminal on earth into the bitcoin playground.

I agree if you were lucky enough to be in the right place pre 2013 and get lots of almost free btc by mining, on cpu or gpu,... lucky you,

On the other hand, if your of the great majority that joined the show post 2016, then you got screwed by the pooch, if you convinced your friends and loved ones to buy btc with credit cards, or if your borrowed their money thinking your were going to get rich, and quit your job at dairy-queen, then now your life is screwed,

This stuff isn't new,

I don't blame the muppets here, I blame the 'greedy bastards' who came here post 2016 and pumped&dumped and engineered the 2017 bubble, and then cashed out, leaving the HODL'rs holding the worthless bag.

Everyone gets as much profit from bitcoin as possible, but not everyone is ready for price fluctuations. And it is very important to accept if you decide to invest in bitcoin. Volatility is an integral part of cryptocurrency development.

Just many blindly invest in bitcoin, hoping to get a quick high profit. But not all carefully study its features and overlook price fluctuations. Because of this, then so many disappointed investors.

I am not greedy like traders. I have many ways to earn money. And I earn money from the crypto market. He heals for his future.

Bitcoin has become the main attraction because prices have soared in 2017, and all bitcoin owners always hope that prices can be that high again. It turned out that after that prices continued to fall, and many bitcoin owners panicked. In my opinion, almost all bitcoin owners take the HODL position while waiting for prices to rise again.

When I newly joined Cryptocurrency space, I used to be greedy and that taught me some unpleasant lessons I would never forget in a hurry.
I lost so much of my capital because I was greedy and wanted a coin to hit a certain price before selling.

People who enter the world of bitcoin are wealth hunters that can happen quickly, because statistically the bitcoin charts starting from being created ten years ago always increase. When the price of bitcoin goes down as it is today, many bitcoin owners take a stand for holding bitcoin for a long time, or sell it and experience losses.

Until people drop their greed selfishness in cryptocurrency they will not actualize the real reason why they are here then it would be all about the money yes we make money but the tech should be more of concern. There should be an orientation

Greedy people will always lack, whatever he has he feels lacking. But one thing is certain, greedy people will do anything to get what they want. Hopefully the bitcoin holder is not greedy people.

Well at times its a trap for new blood. We all know it doesn't work that way in crypto. Having that kind of midset setd you up for losses and disappointment. Much like for anything associated with greed.

You're right. It is worth thinking about what the situation was before, when very few people knew about bitcoin and blockchain technology. Then someone could believe in bitcoin and was not afraid and we can see what it led to. Today, everyone is talking about blockchain and bitcoin and someone else manages to complain. Relax, this is not the last fall that awaits us.

Well, the truth is that people have very short memory. Also they tend to forget bad and remember the good, that is human nature.
The same worths when Bitcoin is involved. Many obviously have forgotten about the times when Bitcoin was worth very little, it was almost not accepted at all and people who used it were called criminals.
I think these days there are too many Bitcoin users who are intetested only in profit, they are expecting too much and think Bitcoin will make them rich.
I think we all have to go a little bit back and remember what was the reason in first place we begun to use Bitcoins.

Yes, many came here after the huge growth of bitcoin and buy it at the peak to earn more money. But no one took into account the fact of market volatility and all possible risks. Now such people continue to complain about the market, although they are to blame for this. Now is the best opportunity to study the market, technology. This will help you understand everything and make the right investment. You will always have time to get rich.

Many new people put savings in bitcoin at 18k. Not forgetful, just very greedy.
I think they have to sell to smart money for next bull!

Maybe people who spreading FUDs about bitcoin is people who miss the opportunity making profits last year and right now they want to buying bitcoin at cheiaper price. I am believe many people still believe bitcoin is good long term investment and many people still hold it

Here I would argue with many guys on this forum. Greedy people become winners very often. Yes, greed is a very bad trait of character, but we need to be more realistic even in this question.

Well, that's human beings are wired. We most of the time forget the good times or how long it took us there and only focus on the present instead of still keeping the same energy we had sometime ago.

it is easier for you to say but know some persons actually sold their valuable to invest in bitcoin, some had to borrow money and so they are desperate to make something out and repay as soon as possible. looking at charts and price, they are only monitoring their investment. Others are just greedy, they just after the money and not the ideology behind bitcoin