Bitcoin Forum

I'm about to go to bed so I can't look at responses right away but dealing with this has caused my family to become separated, my hair to fall out and has caused me and I'm sure other traders enormous amounts of stress dealing with someone or something treating bitcoin like it's a game of attention.

I thought I'd share my story and my experience of what I've had to go through dealing with bitcoin since 2013.

I bought bitcoin at near 1000 dollars or something around 2013 and then went to college and it crashed to 300 dollars (wow totally normal for the old market).

I then sold my bitcoin and didn't get any profit and then it proceeded to constantly go up after that.  I moved on like a man though because I realized I had things to learn.  Later on though I got back into it early in 2017 nearly full time.  I began to -try- to learn how to deal with the market instead of acting like it was mortal kombat.  Treating the market like a game to fight people is literally a felony if the market isn't working and everyone knows it's wrong to go a certain direction.

Ever since the spike in 2017 to $20,000 things got out of hand though.  Since July 2017 (and I've contacted the SEC,CTFC, and attorneys over this) bitcoin has been getting pushed forcefully to go higher than it needs to faster than it needs to when the market isn't there.

The problem lies in that people don't believe that there is actually a person/trader/ or exchange that was actually capable of doing something like this for this long since it costs millions of dollars per day.  
The market got different in 2017 after it got to 3000 and ever since then felonies have been committed nearly every single day to try and force the price upwards whether or not the market is ready.  Now we/I/you and the community are seeing the aftermath of the psychopath who thinks it's their job to "punish" people for selling bitcoin and it hasn't stopped since then.

I made over 10,000 dollars doing it right when everyone was ok with the natural market when it went up AND down (without getting harassed) but now it just doesn't work.  This isn't bragging, this is just a fact.  I learned how to do it right and I did well.  (yeah I sold bitcoin sometimes instead of buying it)

EVER SINCE THEN though, it seems like THE ENTIRE internet is trying to FAKE their way into doing what I did.
This has really gotten out of hand and I expect people to do something about this.  I shouldn't have to be calling attorneys at my age (but I am).

Alright. Not sure I 100% understood what you're trying to say, but you're pretty much saying that the markets worked in your favor in the past, but now it doesn't, so your conclusion is that bitcoin has "failed" because of that?

And what? you contacted government agencies because bitcoin was rising in price? What? Because "the market isn't there"? What the heck does that mean in the first place? Bitcoin's price rose and dropped and went all over the place throughout the years simply because of the typical market forces. If there weren't enough buyers in the first place, it wouldn't really reach the peak of approx. $19,700.

I suggest reading this short Wikipedia entry: https://en.wikipedia.org/wiki/Supply_and_demand

I think OP has it in his mind that bitcoin price/market has been manipulated by a few whales and is upset by it all .
Another of OPs post clarifies this I think ?

https://bitcointalk.org/index.php?topic=5207411.0

What the fuck are you talking about?

All I got from that rant was that you’re effectively butt hurt because of your experiences with bitcoin?
You bought near the top of the Gox high & got REKT when it dumped so you sold & now you probably regret it & you can’t afford to buy back in, certainly not the amount of coins you had previously.

Every single law/legal professional will laugh in your face by the way.

I think OP is having a breakdown right now because of what happen to his investment. Don't worry OP almost everyone around here experience the same as you while there are who is more unfortunate than you. Don't just give up because you've lost a lot in the past. Learn to correct your mistake by doing another right thing. This is how the market work and you should have known it already.

Dear OP,

Bitcoin has NOT failed. Yes, the price may have adversely affected many since the crash, but the technology is robust and a global ecosystem is currently in development around it. The price indication of BTC is not a clear indication of its true potential. I remember Jeff Bezos was once interviewed shortly after the tech crash in 2000 on the drop in Amazon's stock price(it dropped from high of $97 to a low of $6). His response was " I have told my employees, pay no attention to the stock price and just keep focusing on the customer and provide the best service and we will succeed." I have full faith in BTC will prevail and true potential in price appreciation will also be realized given it doesn't fail in providing a decentralized, sovereign money network to the masses.

Regards
TEX-LXRY

before investing you should think about it first, because bitcoin is a very risky investment, not only you who lose money, even most traders at that time suffered losses, I myself lost about $ 30,000 - $ 40,000, but I'm acting normal because I know the risks.

Like other members I also did not get exactly what you want to narrate. You bought Bitcoin in 2013 when it was trading @ $1000 but I think price was never reached $1000 in 2013 and if you see the price history Bitcoin was the most successful investment anyone could get. It grew many folds since the year 2011 and made many investors rich, so how anyone can say Bitcoin has failed. Even today it is trading at price  more than 10 times higher than its price in 2016. Bitcoin will still continue to grow I believe.

It's obvious he doesn't know what he entered. I di experience this but did not rant coz I know what the market is, what to do and what to expect least. How could you label bitcoin as a failure when it is just starting yet? Blockchain technology is getting adopted by various big companires and as you compare for the price of bitcoin than it was already measure how long did it go. What has failed is the OP, he failed for expecting too much. OP should what the risk is, hence, it's worth taking the risk as long as you've learn from it.

Indeed, OP chooses to take risk to earn profit and it doesn't turn out great like he/she expected. I can't see any reason why he have to blame bitcoin for his/her stupid actions and decisions. What can we expect? we can't assure ourselves that there will be no conflict when it comes to our investment. It usually happens and we just need to accept that there will always be some downfall but we should not let it ruin our goals because there are rooms for improvements. Let's just use our past experiences as guide to make wiser decisions and actions in the future so we will not feel remorse regarding bitcoin failing to do what we want because it depends on how we we make our choices. We should never feel hopeless because bitcoin is still capable on giving us opportunities.

I got in about the same time you did...right at the peak in 2013 and then saw the crash. To make it even worse, I had most of my Bitcoins on Cryptsy when they closed down and lost all of it except a small amount I had in a private wallet.

However, I did eventually buy and am holding and feel confident that Bitcoin will proceed to higher highs next year. I believe this because Bitcoin has been around for 10 years and has been on the cutting edge of this new technology.

It’s volatile because most people are either trying to trade when they don’t know what they are doing or they are the whales that are manipulating the price or they are the new investors that panic buy.

Failed how? Pricewise? That's what people said in 2015. The holders from 2015 turned out to be the luckiest mother fuckers in the world.

Bitcoin can only fail if it fails to work. It does work. Can't talk for the future but I assume it is safe to say it will keep working.

So how did bitcoin fail actually?

There is 2 things about the price of bitcoin:

Q- The price is too low omg whatamIgonnaDoooo?
A- Buy more.

Q- Omg The price is too high I can't buy anymoooor
A- Then sell! (or short)

Does Bitcoin still function? Yes. Then there is nothing to worry about.

We've all heard these rants before even before BTC reaches $1k, there were already people complaining they can't afford to buy back so the fud is one of the technique so effective back then to spread fear.  You can buy back, you don't wanna wait for the price to go up more than how much it is today.

Your only option is to buy and trade, you made it in the past so you must have your own trading strategy to work on.

Lemme help you with rephrasing your title... "My Story: Why I failed with Bitcoin (and keep failing to this day)"  :)

The fact that you can't even rant properly just shows how bad you are with things in life... Get help before its too late...

Op, I agree with this reply. It's not Bitcoin that failed, it's you. Bitcoin is neutral, it's not like it's going up or down on purpose to piss one person or to help another. And I don't think that you are right if you imply that there's SOMEONE who controls and manipulates the market. You see, the whole point of decentralization is that there is not such a person/entity. Bitcoin goes up when people believe in it more or have a fear of missing out. Bitcoin goes down when someone famous makes negative statements or something crypto-related fails and the FUD is getting spread. You would buy Bitcoin for the $1k price and sell at $20k price. It's not anyone or anything else's fault that you did not.

You're calling attorneys because the market appears to be manipulated...?  Well good luck with that.

The market does whatever it does, and I don't think any one person owns enough bitcoin to drive it down, nor any one person who would put enough cash into bitcoin to drive it up.  And even if there were such people and they did that buying or selling, so what?  That's how the market works, my friend.

Oi.  If I never hear the name of that exchange again, it will be too soon.  Sorry you lost your bitcoin in that atrocious scam they pulled.

You don't see how many trolls are here do you community?  Nearly every single one of these responses is trying to flame me for having legitimate experience and sharing that someone most likely has committed felonies but all I'm met with is harassment.  Need I say more?  This is very uncalled for.  This is not how you should treat human beings.

on a side note, all joking aside: I could be warren buffet's son but all I'm met with is a flaming wall of offensive vulgar reposes.  

Do you think this is the way you need to treat adults?  Your language is obviously offensive and meant to make me get offended or violent I'm sure.


I sort of expect more out of this community but I'm not surprised I got less.

We would still think you're a fruit regardless of whois son you are... no one cares what daddy did!

Yes, people does the mistake and ends with loss. Now when you ask with the responsible person most of the time we get to know it is the mistake of bitcoin. If there is nothing to pin point the volatility of bitcoin will be mentioned as the cause. People need to change, as most of the people find it very new they just fall for without proper analysis about thr market.

Let me get it right;

The market stop favoring you and you called an attorney because of that? Whoa!

The market stop favoring you, you suddenly feel that is manipulated? No doubt, the market can be or is manipulated but it does not have to be about only YOU.

And what do you mean by this "EVER SINCE THEN though, it seems like THE ENTIRE internet is trying to FAKE their way into doing what I did."?
For goodness, people are becoming more aware of Bitcoin and earning from it, you can't be the only one catching out everytime.

I can understand the frustration, but this market is brutal and can bankrupt people if they take on too much risk. If you buy Bitcoin, no matter how much you like the idea behind it, you have to accept its speculative nature too.

People often think that they can handle the wild price movements, but that only until the market turns against them. Many people tend to call manipulation because they don't have a clue about how a market like Bitcoin works.

i think op buy and sell bitcoin at the wrong time. so the op always experiences a big loss. therefore most of the holders of bitcoin always suggest doing research before entering into investing to learn the history and movements of coin prices. if we do the right research then we can avoid losses. and reporting bitcoin to government legal institutions I thought was pointless since the beginning of bitcoin was decentralized and anonymous. who are you going to sue?

Many people have made mistake with buying bitcoin on wrong time, almost people lost their investing money with bitcoin when 2017 buy bitcoin with higher price and keep holding although bitcoin have drop, maybe when bitcoin back down have to sell and cut lost is good chance to recovery our assets to get back profit by re investing again, if keep holding make us most lost assets in bitcoin investing.

Bad moment to remember where you bought many bitcoin when price still down with season 2013 and keep selling before bitcoin have raise higher price on 2017, I think many people can't believe with bitcoin become higher price, when bitcoin still down and not popular many people do not trust with bitcoin will have higher price later and keep selling after get profit with bitcoin and altcoin.

Mistakes occur because they are not based on deeper research and knowledge about bitcoin, especially bitcoin which is very volatile, where prices can change significantly over time and that must be watched out for.
many people make the mistake of buying bitcoin or other cryptocurrency that hopes to increase when they buy and eventually decrease dramatically and eventually sell in losses due to panic, but all that will be their lesson, and when the decline occurs they will hold it back or move on to the long term and some sell it when there is a slight increase and all learn because of their previous mistakes and not give up.

you either haven't been around in 2013 and lying about it, or you are delusional in comparing the situation of the two cycles together!
most of what you said about 2017 were actually true about 2013 which you say otherwise!!! in other words in 2013 there was basically one exchange controlling the entire market called Mt Gox since it had all the volume. so apart from the natural adoption, they manipulated the market a lot because they were controlling it and there wasn't any other exchange that had any volume above 1% of what they had!
in 2017 we had a dozen exchanges each barely having a total of 3 to 5 percentage of the total volume. nobody can control the market with that kind of volume compared to 2013.

not to mention that even though you claim you have been around in 2013  you still seem to not know how the roller coaster of bitcoin works and expect just because you bought at the peek (probably $19k) and only saw the drop, the drop is the only thing that should happen from now on and never go back above that price anymore :)

Mistakes are part of trading process, there are no perfecr trader in the market where he/she has 100% winning rate. But we can avoid mistakes if we have proper plan and proper analysis. The analysis that we should have is technical analysis which is important because it can help us to make better decisions.

When you have a business then you have to get ready for both profit and loss, it's a natural system for every investment and trading system, so don't be upset like this, Everywhere, Ups and Downs you have to face, today price is low but who knows price could get a good pace in the coming days? if you don't lose anything in life then you don't get the real test of your life ever, So it's all the learning for your life, Good days come after the bad days, especially when you say about the blockchain system, then it might be a difficult platform for staying without frustration, so lets see what will happen in the coming days.

You do not need to go into an investment for just 1 currency.
Diversify your portfolio because right now it isn't as easy as it was back in early days.

There are alot of people that understand how trading works on crypto area and will make everything possible to fight in not losing their investments.
Based on that there is surely much more inflation fluctuation now than ever.

Also you shouldn't just stay on investment trading area, you could go for instance to gambling area and still win no matter what the price would be.

Of course, it is already part of our journey since we started learning. Mistakes is always there, and it is our  job to correct and learn from our own mistakes and to become a fine man that will do our best of the best after those mistake.
Technical analysis is really important but everyone is not gifted with that, most of them having a hard time to analyze the situation and make more mistakes before they accomplish it.

If we keep on believing that greater market profits will come from research alone, then we could expect losses to still come with us in the market. Sometimes, following your intuition do actually works, if you feel the market is getting worse and worse at the present condition, you can decide right away, because for me, if you are to do a bit of research, time passes and you might lose more investment. So, with this, a complete acceptance of risk in the market is one of the key for our investment to success.

I guess someone is thinking that if they invest into bitcoin they will take more profit as they want. Little did they know that it is a gamble to take some profit from someone and that's how trading works. Someone must have not taking their research seriously i guess. It wouldn't turn out to be this way only if they do know what are the circumstances of the market.

It didn't crash to 300. It touched 380 on some exchanges but the price recovered instantly and BTC was trading for 600-800 for months.
What did you do? You sold in panic.  :( Good job, that was what smart people do! They wait when's at the peak of the bull market (1k) and then don't sell when it falls to 800 or 600 like it did on December 6,7,8 and such. Smart people wait for months until finally in April it hits 350 USD, the lowest price in 5 months and then they sell.

This first sentence already shows how smart you are and what this whole rant is going to be about.

And then you're going to say that we are vulgar and the community is treating you bad.

I don't know why at @op is so pissed at this present market status, if you had been in this space for long like you claim you have then you should know by now that it  is not something new, if you think you know who is/are behind it and want to make a case with them, then go for it, no need to be wasting your time here arguing with forum members, just go sue whomever you think are behind it and get it over with.
I think you have a personal anger over btc which you need to address.

A coin that started its journey from almost zero USD (in 2018) to 19000 USD (in Dec 2017) and now standing at 7500 USD is failed thing? I cant digest this criticism. If you have anything logical please come up with that rather then giving such a sweeping statement.
Tell me one market apart from crypto, which near take dip and always go in up word direction?

It's not failed in terms of price.  If you understand what I'm saying.  Every comment like that is really ignorant.  It has failed in the fact that now to this day it has turned into a tool to harass people who can't even really help it go up.  It's abusive and wrong.

Doesn't matter if you convince "fred" from virginia to drop 20 dollars on bitcoin.  It's not going to save the market and it needs to stop being this way or it will continue to be a failure of an investment.

If this continues, you and other trolls will continue to harass the general public as if there was some information that you were not aware of but in fact you are not acknowledging the harassment.  Your ignorance (no offense) is part of the problem.

On a side note.  I'm going to have to inform everyone.  Whoever replied to me on the first page with vulgar harassment and negativity acting like I was butthurt or just don't know anything is getting reported to the admins.  You people really need to reconsider how you treat people on the internet.  I'm not putting up with this.

There you go speaking for the entire community.  I have now reported every user on the front page of this post for not taking this seriously and instead taking this as an opportunity to slander my opinion and experience. 

Yes you're right it doesn't matter what daddy did but his son has almost as much experience as daddy.

Even if I was his son you don't need to be acting like that.  Especially when you speak as is "we" is a collective group that I'm "not allowed" to be apart of judging from your diction.

Admins aren't going to save you from the community.

It's pretty straightforward in here. You express opinions and you get all kinds of answers. Some people will like what you're saying others will not. Asking admins to help you because they called you inexperienced or emotional won't make it all go away!

How are you going to survive in the real world? Are you going to call the police every time somebody calls you out?

Um, yes they will.  There are admins for a reason.  If you and other posters continue to act like I'm ignorant and twelve this will keep happening.  I don't see how your post is on topic.  You are also falling under the assumption that this is "your time" to be rude to me. 

Do you have anything to say about bitcoin and the felonies I've mentioned? obviously not unless you make another post.  I had to report you to the admins as well because you are not adding anything else other than assumptions and insults towards me.  This does not have anything to do with the topic I have posted to be quite honest.

It is evident that there is a problem with many people's words here.

For a reason! Just not the reason you think.
Admins aren't here to make sure you are safe to say whatever you like and when somebody answers in a tone you don't like his post gets deleted.

If you want to know why others are saying you're acting in a childish way this is the reason!


Where did I insult you in my post above?

Does that mean every post in the thread has to relate to the first one or it gets deleted? This whole topic will get deleted sooner than moderators begin to remove our posts because there's something about you in them that you don't like.

My post was an answer to your previous post about complaining to the mods.

Are you now going to tell us what we should talk about in our posts? Should have started a self moderated thread!


You have a problem not them.

This line...is where you went wrong.  "How are you going to survive in the real world? Are you going to call the police every time somebody calls you out?"  

Do you want to explain yourself for acting like I'm twelve?

There is only one reason why bitcoin has failed (and keeps failing to this day). You didn't get in early enough.

8)

interesting enough to read your story. but in my opinion nothing is failing here, it's just that you are too quick in making decisions and conclusions. because bitcoin is a long term, not only do you know about failure, there is still a future .. !!

We... like everyone on my end of the computer.

Moron.

But goDaddy isn't the only whois.     8)

Lol, you can tell what I've been doing today :P haha

Exactly, this is because the mindset of almost all people wanted to become rich in less than a year or so, they wanted to be like the pizza boy who becomes instant millionaire wishing and hoping they could be the same. Let's all understand that we are all hoping for that one day, but the situation today is not like yesterday as there's a lot of coins now to choose from so people really becoming wise when choosing the right one.

I'm not sure I understand what you're trying to say, but I'm sure bitcoin hasn't failed.....and I don't think it will. Any investment must be held for a long time if you expect to see some success.

Dude what in the !@$%? Does anyone here have any idea what this person is rambling on about?

"Treating the market like a game to fight people is literally a felony" What???

"I've contacted the SEC,CTFC, and attorneys over this" You contacted these people because bitcoin jumped to 20k??

"aftermath of the psychopath who thinks it's their job to "punish" people for selling bitcoin" ???

"I shouldn't have to be calling attorneys at my age (but I am)." Wtf kind of shit are you talking?

What is "it" what is this terrible crime you are talking about that you need to contact all these people for? Also buddy if you that young you shouldn't even be here. You clearly need help and need to be in school. You sound like you have been taking drugs and I mean the bad kind that comes off the street. Literally nothing you say makes sense and honestly, it's pretty disturbing. Get some sleep or something and stay of the booze or whatever it is you took before you posted whatever you call this. I am very very curious as to what is going on in your head. Absolutely fascinating. It is like you can create a fantasy world in your own head and then believe in it.

Right.... That's seriously enough internet for me for today. I started off watching cat videos talking to people on youtube and ended up replying to a lunatic on bitcointalk.

This is the THIRD topic by this author on the exact same flawed premise.  Here's the first (https://bitcointalk.org/index.php?topic=5204547.0) and second (https://bitcointalk.org/index.php?topic=5204558.0) topic.  The author wants to blame exchanges for the fact that they clearly have a gambling addiction and it's ruining their life.

OP:  Seek some help and support.  There are organisations who can provide assistance with this.

I see that investing in bitcoin didn't works good for you before but it doesn't mean that bitcoin has failed. I meant you just took wrong decision to buy your btc when the price is just down! probably you panicked or something because if you just kept them you'll have more than 30x times the amount of dollars that you invested. I think holding bitcoin and waiting is a good strategy tho, you have to believe in bitcoin and just invest for long term period.

Comprehending your story is quite difficult to be honest. Nonetheless, one thing remains clear as far as. the price movements of bitching is concerned. The price movement is controlled by market forces. And whales manipulation is part of the forces a day trader, or holder of bitcoin needs to contend with.

base on your story you are doing trading in the wrong way
if you want to earn in trading you need a lot of patience
before im also doing trading but it gives me a lot of stress that why I stop it
base on my experience you need to follow bitcoin daily and read news about it daily
there are really whales who sell and buy to manipulate the price to drop and rise
some of bitcoin news website is being used by them and for you to get some profit you just need to go with the flow
if there is some positive news there is a possibility of a price increase and you just need to wait for some price spike to get some profit

i've read every post of yours in the thread and it's not even clear what these "felonies" are---let alone evidence.


it sounds like you were shorting BTC and got destroyed by the rally q2 this year? that sucks, but it's futile to project blame on others just because you were wrong about the market.

Hey, if you want to control what's being post on your thread then you should just use the self moderation.
And so you're not used to criticism. You can say whatever you want as well as the others too.
  -----------

Everything will be fine. You're just in denial stage. You'll be okay, soon.

Well its a characteristics of cryptocurrency since the beginning that no one is legally accountable for anything, its anonymous, and decentralized so its hard for legislator to get a foot into this, and for many crypto enthusiast its also a good thing even if that mean you can have all kind of moves that would be fraudulent / scam as well. Its also why most banks refrain from putting crypto as regular asset with regulation etc because its nearly impossible to control it, or ban transactions or users from the network if they would break some law or regulation.

Its not a regulated market, maybe with private blockchain where address and keys are attributed to legal entities with consencus based on trust and personal responsability, you can have more regulation using the legal system, but its not how public blockchain works.

My story with trading and investing with bitcoin faced with profit and lost, many time I have sell my assets with lower price after buying with higher price but I never give up to get much profit again with other chance, but today bitcoin and market looks not good for investing because always have bad thing with lower price and not good moment to invest right now.