Bitcoin Forum

You can't trust: Day-trading is zero sum game. Your win is somebody's loss, everybody is your competitor, all predictions are made to benefit predictors and therefore to harm you. Even is somebody gives correct call, it is just a bait, to gain your trust and to rob you later on.

You can trust: Bitcoin is different. In long term it's positive sum game, because it grows exponentially. We are all want bitcoin to succeed, we are collaborators here, rather than competitors, so you can trust long-term (and some mid-term) predictions. Only short-term predictions should not be trusted.

Trust them? Yes, in the sense that they genuinely believe they know what they're talking about. That doesn't necessarily mean I would follow said advice, though.

Both.

Somebody might be very knowledgeable and trusts in the long-term potential of Bitcoin - but that same person would scam the shit out of you if given the chance.

The only person I completely trust (as far as both technical babble and trustworthiness go) is some handsome jerk named BitcoinBobbeh.

People not to trust: Anyone who says bitcoin will fail. Sounds a bit overzealous? Maybe... but here's my rationale:

Kinds of people who say bitcoin will fail on this forum:

1 - Traders / Shorters - Self-explanatory. They gotta do what they gotta do.
2 - Paid trolls / Bank shills - Prostitutes for banks, 'nuff said
3 - Alt-Crypto Developers - "Ripple, NEM, NXT!" Cute.

I might be missing a few categories, but that just about sums up the big three and not trusting anything they post.

trust nobody

Paid trolls, that's very interest, if you believe this, then here is my story:

A government offers me 1 million US dollars to troll here, I told them fuck off, I'm not that cheap, at least 5 million to start. So eventually we made a deal: 3 million dollars, that's what I got, but I still feel it's not a good deal ;D

Stop spreading lies. Not all traders are on here to try to manipulate people. When I make a prediction, it is because I honestly believe it, and not for a personal gain. I do not even believe that I have the ability to effect the market.

If you don't trust people would you trust the results of this poll?

There's lots of opinions worthy of respect. Whether they're worth acting on is another matter.

OMG! Have you noticed that the two above paragraph are incompatible? How did you explain this to yourself? I can see only two possible explanations:

1) I have split mentality aka schizophrenia. (Which is wrong. I have paranoia, evidence - my signature  ;D)
2) I've described options for voters to choose. Strange idea, isn't it?  ;D  (BTW, I myself have chosen the second option).

So take it easy. I have nothing against you and am glad that you are here. Of course, your texts should be taken with a grain of salt, just like everybody else's.

The poll is not for me, but for the community :) The ones that have chosen the second option will probably trust the poll results.

Well said!

I don't trust anybody, it's the wild wild west out here

It is safer to place our trust in cryptography , mathematics and physics than in fallible or corruptible people or corporations than somebody on this forum.

Spoken like a true "cultist".  :) ;) :D ;D ::)

in speculation forum? trust no one, right, because thay are your ccompetitor for daily trading

Trust - it's a word from a pre-bitcoin era. After bitcoin, you don't have to.

Do you trust somebody on this forum?
Can we trust you Wary, or should we remain wary?  :P

Seriously, long-term we are all Bullish, so you are correct there.
Short-term we are already down over 60%, so the correct move is to Buy, especially if you have deep pockets and can buy more under $400, then buy some now......trust me.

Trust in yourself and good statistics data, it's all we have ...

"Vires in Numeris"  ;)

Paid trolls are on twitter. They have more influence there.
https://i.imgur.com/xSNG8Tk.jpg

I find this forum pretty entertaining because trading is binary: You either buy or you sell. On top of that the dude next to you might change his position at any time because TA, news or whatever.

There are some people whose opinion I trust most of the time. There are some people who I find to be in denial. And then there are some who just spread fud without any basis. In a bear market I am more weary of long term holders. They are either in denial or they try to manipulate. During this bear market I have also found that there are a few are long term holders who actually dare make bearish predictions. Brave people :)

You also have to consider that many people don't mind sharing their honest opinion once they have changed their positions and are done trading. It is also in their interest that others reach the same conclusion as they have. It takes longer for a whale to be done with his trading, so they might be tempted to manipulate while they finish their buying or selling. Finally I also have a feeling that there are moments where nobody has a clue what is going on. In these rare moments people sometimes come together and try to figure it out.

If you take these things into account then this forum can work for you. At the end of the day you have to make your own analysis.

you must trust to someone on forum

Of the people on this sub that I feel truly have the interests of bitcoiners at heart, I can count maybe about 5-6.  These folks have been around since at least 2012 or early 2013 if not before, and are willing to share their time and experiences here.

1. Be wary of anyone that has signed up since the Nov 2013 run up (I guess that includes me too, but please know that I have been lurking since July 2013).  Anyone who has signed up in the last 3-4 months, don't trust at all.

2. Be wary of anyone that has not been through at least 2 bitcoin bubbles.  Those that have know the possibilities of this market better than anyone who hasn't.

3. Be wary of anyone that seems a permabear, or that only logs in to tell everyone that bitcoin is doomed/going down/going to $0.  They are either an idiot day trader trying to influence the market, or just a miserable troll that has no business on a forum dedicated to bitcoin.

4. Be wary of anyone that just logs into the Speculation sub forum only when bad news in the bitcoin world is happening, see reasons #3 above.

5. Be wary of anyone that boasts that they know what they are doing and know Bitcoin TA like the back of their hand, and then you go back and read their sub thread history and learn that they were always so full of shit and all of their adamant, superlative predictions never came true.  These people are just egotistical grand standers that demand everyone's attention, and like the majority have no formal finance or trading background.

6. Be wary of anyone that has been in the bitcoin market longer than 2 years and are still doing poorly at this from an investment standpoint.  I'm fully convinced that even a savvy, poor person could have played this market decently with a modest sum of money from 2 years ago, and be well on their way to a fantastic retirement fund by now.

No, you shouldn't be wary about me. You should be paranoid  ;D

edwardspitz, Torque.  Thanks for detailed analysis!

The posts with themes like final warning, do not hold fiat or last chance to short are obvious manipulators. Idiot manipulators, more like as its blatantly obvious.

There are some posters who seem to follow charts religiously and consistently and I more likely to trust them, keeping in mind there is a good chance their charts give wrong predictions or they are biased into seeing what they want to see.

So basically every1 bearish on bitcoin

Your profile picture is creeping me out man.

It's mean to. And it matches my signature.