Bitcoin Forum

A few months back, when BTC dumped to nearly $3200 (or it is $3800) at the beginning of the corona outbreak, a guy from my local who is now living in UK had posted in his facebook that "This is the end of bitcoin. I knew it has to be someday, there it is." I had nothing to say other than asking him to do his homework before doing such speculation. Well, I just have remembered that post and spent a few minutes to find that post and poked him the screenshot of 1 BTC equals to $16602. Guess his feeling now  ;D

I remember a guy like him too. He said that bitcoin was only for the 10's. Other cryptocurrencies will now take place. Price now is more than 4x of that day. Where are you know? Where!?  :D

There will be people like him in the future too. Who knows, we may see a guy in 2025 saying that bitcoin is clearly dead now that it dropped to $30k.

I cannot think of other explanation to why those people who are talking negatively towards Bitcoin and other cryptos, except for the fact that they are not fully aware of its true nature. Many people are calling this technology as scam and fraud without even investing into it or simply studying about it since resources are scattered online. Well, for sure he will be speechless since his claims were proven wrong. But it would be better if he will be interested in this industry in order to know why many people are hooked up with this technology.

Maybe he lost a lot in Bitcoin before that's why he give that negative opinion no idea why they said it but this might be the reason.

you slapped him in the face, so maybe he just didn't say a word and if he only knew that the price of bitcoin could rise again, he might be one of those who invested in it that day instead of giving negative opinion to others.

That’s not the case for sure. He said he never invested in bitcoin as according to him it’s bubble only. He seems to be a hater, problem is he is lacking of information about in my opinion. I shared him a lot of article links so that he can get knowledge.

There are always going to be people like that, we are living in the age of social media in which a lot people share their opinion without knowing anything about the subject believing that just because they have a platform to express themselves that makes them experts and nothing could be further from the truth.

When it comes to bitcoin a lot of people seem to have an opinion but when you ask them if they have read anything about it for the most part they're going to answer you that they have read some news and that's all, so for the most part they get most of their information from the media and as we know the media has stopped being for a long time a reliable source of information, they only care about clickbait and about getting the most profits as possible so they create all kinds of sensational stories about everything including bitcoin, for the most part when I find those kind of persons I do not confront them directly however I make a point to state how anyone that held that kind of opinion before has been proven wrong by the facts and I just look at them with a face that says I know that they were one of those people.

More likely the guy is. It might be his impression due to what he have read, heard or saw on different platforms in particular with the price correction after the previous ATH of Bitcoin wherein many people partially lose profit  due to the price decrease in its value and it last for more than a year. It might gave him an assumption, as what OP mentioned early this year, that Bitcoin will not have a chance to recover this year, but is now proven that his claims are wrong. I won't still agree to hate that guy but rather to educate him more regarding this technology.

For those who say that, I think they are frustrated to see the price of bitcoin shrinking so drastically at that time.
Luckily at that time the person who bought bitcoins on the cheap, and now he is lying on a large pile of money. ha ha ha (just laughing at those who once berated the price of bitcoin)

I have to admit it feels very satisfying doing that. There is a person in the other forum who also said BTC is just a scam and all are just child's play. But when Paypal announced their new venture about allowing users to buy BTC, I also updated his thread regarding it. I'm sure the notification was emailed to him.

Hater is going to hate more when you point them to something they can't take.

If someone thinks that Bitcoin is dead because it experienced like a 50% market dtop, you probably won't change their mind by pointing out that the price is much higher now. They will say "ItS A bUbblE" and will say that Bitcoin is dead again, when the price will drop to $30k from $100k, or something like that. I wouldn't waste my time arguing and trying to convince nocoiners, it's their choice and right to be ignorant.

I don't know if that is a good idea though, seem that you are rubbing it in.

You could have said "I told you so",  ;D

In any case there's a lot of haters of bitcoin really and even though it has reach it's top in 2017, many are still no-believers even if we reach $50k or $100k.

Sadly on my part I don't have to poke another guy. I was guilty of the same fear and doubt even though I myself believed that Bitcoin has a bright future. As a matter of fact, I still have buy orders stuck at around $7,500 and $8,500 right now. That's the price I had to pay by selling some at a price lower than that. Who would have thought the price would more than triple within the year?

However, I'd like to believe that the fall of Bitcoin, its subsequent recovery and rise, and the pattern that it created along this line will eventually make people realize that however high the price of Bitcoin falls it will always rise again. And they will develop stronger hands.

Is that a revenge? It may be a good idea but we do not that guy had also been also investing more btc when market is down and he can also get back with the poke with his investment buying low and selling high. Anyway, what matter here is our way or strategic way of investing in bitcoin. If one can buy low and sell high it could be a good strategy but buying bitcoin even at higher price would still be a good choice for a long term hold.

if it were to "poke" every brainless monkey whom i know in real life or online and had made some stupid comment about bitcoin then i wouldn't have time to do anything else in my life. and i have been around for 6 years so i know quite a lot of them! not to mention that it is pointless to just poke the person alone.

however, i think that sometimes it is good to remind other people of the idiocy of these people and how FUD works. for example recently someone bumped a topic in speculation board (https://bitcointalk.org/index.php?topic=5078841.0) which i liked because it was a good reminder about how they operate during any kind of dip. and that has educational merit.

The best that you can do when someone is talking smack on bitcoin and does not want to hear a reason or is not open minded to contradicting ideas or information is to ignore them at best. Dumb ones can be taught on what is right or to know the other side of things but fools will just reject anything, any rational information that does not support their thesis will just woosh above their heads. Had run ins with this kind of people and by far the least stressing action to do by far is to ignore.

Shame and deleted that post.

I want to do this on social media but I don't want to disturb other speculators who are making fun of bitcoin. Guess what? I'm laughing at them now silently.  :P

While I admit that "I told  you so" in these type of situations can feel good, BTC going to 16,000+ won't change his opinion or feeling about BTC as people like that will say that "BTC went already to 20k and then dumped so it will do it again", or "it is just pump and dump scheme" or something along those lines. You know the saying, "You cannot reason people out of positions they didn't reason themselves into" and this applies here as well. For them BTC price is pretty much irrelevant and they will always find some excuse. At least that was my experience.

For me, it's a complete waste of time and arguing with those doomsayers is like playing a chess with a pidgeon; sooner or later it will knock all the pieces, shit on the board and strut around like he won anyway. I won't say I didn't make that mistake and argued in the past ( I am active on one IT forum) but I learned my lesson eventually.

What an epic comeback! Hahaha you're so mean ;D. But I will consider it as lawful evil because that man deserves it. Actually, a screenshot of the recent price isn't enough dude. If I were on your position, I'll add "In your face lol". How pity for the antagonists not only of btc but crypto in general. They are wasting the opportunity of earning just to because they are afraid to stay away from the norm. Exploring isn't bad.

Bitcoin doesn't care any particular ideas or thought. I believe that no matter whether you care it or not, Bitcoin will increase in value either way. Looks back 4 years ago, when Bitcoin was at just only $709, now at the moment it near to touch $17K. Indeed, not everyone as intelligent to figure out the right track.

Well, it might be a valuable lesson to him and/or to some other people like him. Bitcoin has very low points, but it tends to climb up eventually. But those determined in their belief that Bitcoin is worthless will ignore this fact and remain confident that next time Bitcoin will definitely fall beyond recovery and stay there.
I also wanted to point out that I don't remember Bitcoin falling THAT low. And I've checked coingecko, where the lowest point in 2020 was $5032 on 17th of March. It's still very low, but not as low at the figure you've mentioned. Is this a mistake on your part or could you perhaps provide a proof that the price went that low?

It looks fun to do that but you must have pushed him away even more with what you did. Do you still talk about anything other than bitcoin?

When I think about my perception about bitcoin before, I'm not that different from "that guy". I was involved in other investment vehicle before and thought less about bitcoin when I first heard about it.

When the price was crashing, I remember telling my friends to buy as much as they could(also told them the risks involved). No one listened to me. Back then, Ether was somewhere around $100. About 2 months ago, my sibling called and told me he just bought 1 ether(At about $500). Not too bad for him. BTW, as I usually say, bitcoin isn't about the price, it's about the currency.

Usually people who think negatively about Bitcoin have no knowledge of Bitcoin. And it's impossible for everyone to like Bitcoin,
there will always be someone who hates Bitcoin. I've also come across people who are very negative about Bitcoin. I've never
argued with Bitcoin haters, I just ignored them. Because it would only be a waste of time dealing with Bitcoin haters, better use
our time for something more positive.

It is happening, again and again and again.
At the beginning of the 2017 I told my colleagues buy at least 5BTC and at the end of this year you can buy a very good brand new car for that. No one listen. They are said it is a scam, bubble, MLM, it is a thin air and so on.
So I am told them ok, so you can invest in AMD and TESLA shares which are cheap and in few years will fly.  And gues what? No one listen to me...

When I'm right I always like to shove it in my opponent's face. There's nothing more satisfying than the good old I told you! :D

I have a friend who is always reluctant to buy. He has some money on the side and his trading strategy is like this:
-wait for Bitcoin to be in a strong uptrend.
-Buy
-wait for it to reach about 10% profit
-sell
-watch it go up more
-regret selling every day and tell friends how you made a mistake.

He's been at it for years and this year he again bought at 12 thousand and sold somewhere around 14. I've been telling him for at least 5 years to buy and hold.

As you said, the best strategy (if you are not a daytrader) is just buy and forgot about that 5-10years. I am always smiling on the guys which are told me that they are loosing money, that they bought for 10k and now it is 3k.
But they are not understand, that they are not loosing anything, they had the same 1BTC like before. They will only lose it when they are sell it for fiat lower then they bought it...

The potential for people's trust depends on the situation. I think people will believe bitcoin more if you introduce it to them when the price is so high. Because what they will first ask is about profit, "so, how much profit are you getting at this time?".

When the market is sluggish, you will have no supporting answers to make people believe even if it is a good opportunity to start.

I went through that link you have here and it looked like some of the posters there did not understand well what bitcoin is. I read coments from legendary members and was disappointed they talked so much ill about bitcoin. I wish we can find out what they have to say now that bitcoin did not die according to their prophecy.

Unfortunately, people don't do that. We're just too quick to say something but of course this is because they are likely trying to win an argument or misinformed. It will really be funny how he will react after remended by what he said that turned out to be wrong.

But there are just bold people still, Jaime Dimon was one of these people back in the day but now, he is just one of the people who joined forgets about his claims.

That's the best reply to a silly people who don't know about the actual position of bitcoin and gives trash statement like this. There is also few people who sell their coins while a correction happens to crypto market. They get panic and think that bitcoin going to die. Time always show them what bitcoin is and how far it can reach.

Since it's only speculation so they can give any opinions they want even it's from newbie or legendary members. Who knows which is real supporters of Bitcoin who's not ,you should also need to considered all their emotion the day that topic is posted most of the investors that time lost a lot, thats why they lost the confidence of trusting Bitcoin because of bad experience they experience that time so don't just be so angry with them if they give bad opinion.

How about now? Its 17550 as of this writing on Preev.com. Asking out on what would be his feeling at the moment? and that would really be that regret on missing out that he hadnt accumulate
wayback when bitcoin was still on 3k value.Well people cant really avoid to give out those emotional kind of reaction when everything is on deep reds.Even myself can say in bitcoin that time
where i do even believe that it will go below down 1k which is understandable that fear will really be overcoming on us but for those who do take the risk then those people who would really be making
money at the moment.

I havent poked up someone but i have seen lots of them saying  that bitcoin is dead on that time and when bitcoin did hit 10k then they do changed up their minds
and how much more that we are almost hitting that 20k ATH?

The revenge  ;D I guess a lot of people just lost it when the market price just continues to go dump in the market and immediately thinks that the bitcoin is dead at that moment. When the market price is dumped around 3000$ ,the investors have a really good opportunity to invest in bitcoin so we could already expect for the market price of bitcoin to pump in the coming months or years.

But I guess it's normal for people without enough experience and it's really hard to hold your investment if you don't have your own funds or it's an emergency. What I do is always investing when the market price is a dump and sell a small percentage when the market price keeps on pumping. I do not really lose a profit since I buy at a low price and sell it at a higher price.

We will always have those type of people around that dont have bitcoin but always looking for the down fall of it. The type of person I want to be wont care about whatever happens to the price and keep it as long as possible without any worry ; having enough money in the bank to buy bitcoin in the dip and extra fund large enough for retirement. These are times you dont check the chat daily and care about what anyone says

Clearly not every person put their trust with their real money. It's indeed extremely difficult task to convince that other have influenced by your words and purchase bitcoin. I attempt to instruct individuals however never prescribes to them how to really manage their real money.The vast majority of us used to panic sold when the price dropped.

Anyone who denies Bitcoin can be called uneducated people. You can only feel sorry for them, but you should never argue with such idiots. Time will always put everything in its place. There is always a person who will say: "But I told you so."
A good proverb says: "The dog bark, but the caravan goes on."
Bitcoin doesn't need any criticism, it has lived and will live its own life. Yes, it is volatile, yes, its price is different, but otherwise, it would be a different coin.
Only those who believe in Bitcoin are worthy and own it. Well, those who splutter with hatred, let them continue to stand still, wasting time and not trying to become more literate and educated in the field of cryptocurrencies.

Well, I know a lot of people who only supports and shill bitcoin when it is bullish, but spills out FUD when it is bearish. I had never been negative about crypto even if it had crashed many times. I took it as a way to invest due to the cheaper price, instead of creating FUD. If crypto will die just because of a sudden crash, it could've ended a few years when it started where the price had been a roller coaster ride.

For every time we poked any Bitcoin dissident, we cause them great regret for missing out. And that is good. But for their ego, most of them won't admit their regret. You can imagine someone who had loose $10,000 in February-March this year and didn't buy Bitcoin which could've fetched them around 3BTC. Now 3btc is worth over $53,000 for one Bitcoin is now $17, 815 as I type this. What a life of regret for your friend. I hope you screenshot the current price to them.

It seems like a lot of people like him said this even people I know have said and predicted that Bitcoin will end and die at that point, I just listened with a small smile for him and I told him that this is not the end of Bitcoin, because it is a downward trend in price , because I was sure that everything would return to normal and would give a big bubble to the Bitcoin price, he just kept quiet and didn't say anything and then walked away. Maybe now that he knows the price of Bitcoin now, I offended him a little by making a status via social media saying, if you are not good at judging Bitcoin prices, never say Bitcoin is over, and Bitcoin has spread its wings to fly high to the moon.

Crypto is for folks who are in it for a long term and that is the reason why people are always encouraged to invest in top crypto. However, if you are part of the person that buy bitcoin around 20k that year and you saw your portfolio drop down to 3.2k per bitcoin, you will also feel devastated and you wanna quite. What do you think will be in mind of that guy to bought pizza with huge amount of bitcoin that year. I guess any day he sees bitcoin trending and check the price, I will always feel sad for the mistake he had done. That is irony about life.

Cool. He deserve it. Wonder how he feels right now. Probably he regret a little bit. But I guess even if he is given a free money to invest in bitcoin, he will choose not to buy a single penny. Cant change those haters mindset. Once they hate bitcoin, they always hate bitcoin

Cant believe what bitcoin is doing right now. What an oustanding permance. Keeping is momentum and we surely surpass our pát peak. $20000 is our target. Lets go bitcoin. The number of buyers is now higher than sellers a lot. And i have heard many people withdraw their bitcoin for the purpose of holding

I have to admit it feels very satisfying doing that :)

Good luck with that, we live in a time in which people that know nothing about almost no subject considered their opinions to be worth gold and they share it all over the Internet even when they know nothing about the subject, and if you do not believe me then you just need to take a look at any social media website that exist and you will know that I'm correct.

Those people are happy with having a very superficial knowledge about things so they believe whatever they see, hear or read in the news and if you have an opinion different than what you can see on the news they believe you are the one that is not informed about the subject when in fact you are to one that can see beyond that and took the time to dig deeper into the subject.

These kind of incidents happens with most of the bitcoiners. During the lockdown in my country people who are working in the urban region returned to the home town. Earlier I used to explain about the market to one of my brother. His friend came to the hometown during the lockdown, and he started to tell his friend about bitcoin and I was standing near him. Following the conversation continued, and in between I suggested him to try trading and make use of the large volatility. He without thinking of anything just said, you're into gambling. I can't digest it, and I wasn't able to brief him anymore. These people will be having the same understanding whenever there is talk about bitcoin.

As soon as someone says bitcoin is dead or will 0 or anything of that sort you should stop listening. It's a silly thing to say and makes no sense in every logical way. I mean that's like thinking tomorrow only half the amount of internet users will use the internet and because of that, the internet will die. Does that make any logical sense? I wish people would give a little more thought to their comments before pressing the post button.

Lol, so they didn't even reply to you  ;D :D that's funny. They must be kicking themselves. Oh well, good riddance that they were gone I say. Let the true believers take over, these weak hands should just sell and quit the game.

If everyone on the planet understood the value of Bitcoin, there would be no way for us to buy it at a low price.  Therefore, it is very good that there is such a guy! 

Many people do not consider Bitcoin to be a scam.  However, they think Bitcoin is purely a speculative asset. 

Many traders are proud of the fact that they know how to make a profit not only on the growth of the asset price, but also on the fall in its price.  However, shorting Bitcoin is always dangerous. 

If a person is not buying bitcoins, they are missing out on a great opportunity.

Shorting a deflationary asset could lead to disaster.  In 2020, a lot of traders lost their money in the cryptocurrency market.

While what you are saying is the correct thing to do at the same time I sometimes do the opposite, I listen to everything they say and I just answer them with one day you are going to eat your words, and as you may think that has come up recently, people love to talk about things they do not know about and do so in a way that is very authoritative as if they knew a lot about the subject.

But those that really know about the subject listen to them and immediately realize they know nothing so I let them to keep talking so when bitcoin proves them wrong they are not only evidenced as what they are but also the rest of the people that were in that conversation gain some curiosity about what bitcoin is really about.

You did good work  ;D I have seen a lot of people making similar speculations in the past but now they even refuse to say anything about it. Guess you had the proof.

I suppose you must be feeling all chuffed now as every day seems to be bringing us to a new ATH. 3200 I definitely remember. Wish I'd had loads of cash to dump into BTC then. The way this train is chugging, 32k seems like a near inevitability.

Who on earth can make x10 like this while counting on sustainable growth?

There are lots of Bitcoin haters, what happened to the opening post was often experienced by me too. Some of my closest friends even
mocked Bitcoin when the price dumped, as happened in March 2020. Now when the Bitcoin price goes up to close to $ 30,000 I see its
status change to support Bitcoin. My conclusion is that sometimes people who insult Bitcoin are just disappointed because they experience
losses when investing in Bitcoin, or it could be that the person doesn't understand Bitcoin.

That's a good comeback you did there and I wonder what he will be feeling especially now Bitcoin is on the high rise and doesn't look like it's slowing down. Also, I wonder the questions he will ask himself when he realises that the growth of Bitcoin for the past weeks was piloted by institutional investors who have understood that the potential that lies within Bitcoin is a great one. Nevertheless, I really liked the way you handled the case, most people do not want to know about Bitcoin or at least research on it, but yet they will still be the first to say trash about it when it dumps, but when it goes up they goes into hiding rather than trying to know what made it to go up, hence understanding about it. Well, sooner than later, a lot of people will have no choice than to change their mindset towards Bitcoin and start doing the right thing.