Bitcoin Forum

As you might have seen from the charts there's a growing number of investors and traders who "had enough"
and left or are now leaving crypto. I'm parking half of my existing bitcoins to assets
("forever"-long term) and cashing out the rest of them.

It's time to say GOOD BYE to the dying alt markets and leave whales to play with them selves.
I think I'm going to set up a sneaker shop in my home town, there's none of those yet.
Welcome to the crypto leavers club, share your story.

should have been in uno, would not have lost money all year.
I feel ya brother. New coins is always risky. Check uno, that's decent.

Bear market to continue another 12 months,
please vote and voice your decision:
https://bitcointalk.org/index.php?topic=852011.0

Sorry but I don't check out anything anymore, I'm out.

i would have been too without that coin. Features are not money and unfair money always fails. Good luck to you.

I have spent most of my working life trading various financial instruments. I am fascinated by cryptos but have relatively a very small amount invested.
I'm happy to watch with no time frame.
The thing is we do have the potential for multiple major currency crises so alt coins are worth monitoring. But the weekly and monthly or even yearly movements are potentially volatile.
The whole movement has deep ... I can't think of the word....but ..well it's timely and technologically quite brilliant.
Is humanity ready for bitcoin or altcoins?

What would they know?
Fair call.

I can understand your sentiments. Markets can drive anyone to despair.
Good luck I hope it works out well, and you enjoy it. I also hope if cryptos ever come to the fore you benefit there too. All the best.

LOL


Just discern which coins have active, transparent teams. Trade accordingly.

good luck. i hear what u r saying big time

It's always the juniour accounts and members who say they are leaving.   ;D

It is a bear market for crypto so it is not surprising many people are leaving.
For sure, they will be back in the next bull market.

not only ;)

and yeah i am leaving and i won't even have an internet connection soon so.. it's not just talk lol

i don't think the majority say anything they simply wander off quietly.

@OP
Good luck.

I leave because i don't think it's a level playing field anymore.. it's just too corrupt and biased etc everywhere you turn.

edit:
I also have lingered to leave some guys an excuse why and offer my Fans any last minute jabs etc LOL

Some guys had since PM'd me with some questions etc before i said i left recently..
so i am stopping by occasionally out of respect for old members i spent a lot of time with.
they don't deserve a disappearing act with no warning or explanation.

You laugh but that's not really funny. That's exactly the problem. New people come in to alts and get scammed. That's pretty much the business model for the majority of projects here unfortunately.

People don't know what to invest in so they invest in the ones that show things like PoD and have shiny marketing. Except in my experience those things are more likely to be indicative of a bad investment or outright scam.

The OP only signed up here on August 11 and it's been mostly downhill since then. If he signed up at the Easter bubble time he would have experienced what going up felt like. Perhaps he would have made some profit and that would have encouraged him to stay.

"markets"

when markets get so corrupted and full of shit, no one will play the game and they will leave.  Which is why in the real stock market you have rules and regulations against insider trading, scams, etc.  As I have said before, some people are milking this way too much and should restrain themselves, they are killing the market.

Then all that will be left is the "taking care of people" section on tor lol

As crypto currencies go through another 12 months of this bear market a lot of weak hands will be shaken out. If getting rich was easy and if the market was always bull market, there would be no poor people.

People who feel like leaving may wish to park their funds it bitassets.  Want to cash out your bitcoin for Gold or even USD?  Why not use bitassets instead, bitGOLD and bitUSD, crypto that tracks the real world prices.  Its like having crypto-gold or crypto-USD.  Easily exchangeable for bitcoin in the bitshares decentralised exchange.  Just a thought for those who are seriously considering leaving.

Is there a bitSILVER yet, or is one in the pipeline?

That would be a false sense of security as bitGold and bitUSD wouldn't be convertible to their real equivalents if the BTSx network dies.  Mastercoin is a good example of a hype coin that later died and BitSharesX reminds me a lot of Mastercoin - misinformation and deception and money changing hands between a few private funds in China.

This lists the current bitassets:
http://www.bitsharesblocks.com/assets

bitSILVER is not 'launched' yet.  The markets open once there are 51 price feeds and a certain amount of buy/sell orders on each side.  It should be up within a few months I'd expect.


It's true holding bitassets does expose you to systemic failure of Bitshares.  So far it's been working very well though.  Bitassets are collateralized by Bitshares, for them to lose their value and become uncollateralized, Bitshares (BTS) has to lose its value extremely rapidly, as in a 60% crash on all exchanges in the space of a few hours.  That kind of thing.  So it is possible but very very unlikely.  Providing that doesn't happen, a buyer of bitassets will always be able to exchange their bitasset for equivilant value of Bitshares as there will always be a short who is required by the rules of the market to cover their position and buy back the bitassets within 30 days.  I.e. 1 bitUSD is exchangeable for 1 USD worth of BTS which is then tradable for 1 real USD. 

You also earn a few percent in interest/yield by holding bitassets, like a bank account, but one that actually pays interest.

when profitabilty rises they will be back in force cloning as hard as possible 100% guaranteed.

and the optimists are just morons period.

http://en.wikipedia.org/wiki/Optimism_bias
The kind of guys that said everything will be fine on the Titanic  :D

How many posts and topics do you need to announce that you are leaving soon. If leaving a forum is this hard for you, you need to grow some balls.

 ;D ;D ;D ;D
Spoetnik still here?  I thought he said he was leaving.

i agree this place is definitely in a decline. no new people will stay here long with scams on a daily basis. i has always been some scams but the last few months have really been bad.

I dunno you tell me ..go run around and count them and get back to me son.
And do you really need to stalk me with insults ?
Read the topic title maybe.. see why i would say i was leaving now ? want me to read it out to you reeeeeal slow ?

You need to grow some balls.. look at your dummy account and look at my one account i have here i stand behind.
unlike many of you that hide like cowards with countless forum accounts that can be ditched when banned for Trolling.

The more you Trolls open your mouth the more likely i am staying.
and since your soooo good at knowing what i have said before and how many time i have repeated it then please by all means
tell us all how many times have i told you stalker Trolls that in the last month or so ? gonna get smart ?

Blah blah blah.. run at me and get knocked on your ass. 100's of times.. another KO
I am the Altcoin King with an undefeated record.. no matter how many trolls want to lurk around hunting me i dominate and own them all.. ALWAYS.

You Trolls here remind me of some cocky little 5 foot tall wanna be eThug who keeps running at me as i put them on their ass endlessly LOL
I am 6 foot 4 and i can just hold my arm out at length on your forehead and laugh at you HAhahhahahahha

lol at people crypto leavers club , theres plenty of legit coins out there you can buy yet you choose to whine and complain here what do you expect from brand new no rep coins, should be the whiny girls club

There's always people leaving on the bottoms of the markets, they don't have patience that's why they will take a loss. New buyers gladly buy it up and they will be the winners. This process happens all the time. So bye bye to the losers and welcome to the new people.

Calling all dummy accounts.. Quick man your stations !!! ALERT !!! FUD !

Whats a matter scared that fresh new blood is gonna vanish ?

I really love the deceitful and optimistic fake spin you guys put on things.
This crap has turned into a nightmare and if you can't admit it your playing dumb (for $$$) period .

Perhaps you should do some more research before investing, watch stock analyses etc. Get over it dude.
It looks you only post in scam threads and failed or problematic cointhreads. I'd get depressive over that too.
Better go and find some legit projects instead. You know better than this.

The sooner all pussies run away, the sooner the market recovers. Run, pussies, run!

60% fiat, 40% (BTSX & NEOS, because they can shoot up 2-3 times in no time). We need to see stagnant price for several months before next bullrun. We're still in bearish mode when it comes to BTC.

wow i am *almost speechless seriously LOL

do you REALLY believe that honestly ?

i 'm rocked.
i am stunned to fuck and back.. did you just stay that to me ? do you really believe that shit you spouted off ? for real ?

i don't know i can't tell anymore with so much manipulation/deceit around here with commenter's.. which uhhhhhhh makes doing research how useful ?
get it yet ?

Do your homework ?

there is not enough face palms on planet earth for that shit, fuck i could just slam my face into my keyboard with stupidity now LOLOL

HOW DO YOU DO RESEARCH WITH A SHIT LOAD LIARS ?
HOW DO YOU DO RESEARCH WHEN IF YOU ASK A QUESTION YOU GET TROLLED FOR LIFE FOR FUD'ING ?

asking questions gets you attacked, intimidated and harreased and bullied for life !
why would a nooby ask ?

it is not possible to do research the notion is utterly ridiculous nonsense.

guys tell me what in gods name would eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeever fucking convince you shit is fucked up BAD ?

what is it going to take ?

How's the convertibility enforced? Is it centralised - do you have to count on the good faith of humans at any point?

I'd say it was mostly people not spending money on crypto for Christmas and the holidays. I figure it will pickup again after January. 

If the same seasonality forces that were at play last year return, I think the altcoin rebound in only days away.

This was a funny read.  :D
Spoetnik is Real Terror. hehe

spoetnik is a bitter pill but you muricans need it for your illness.
If you're honest you got to admit he has some points there.

Although we feel we are on a roller coaster ride right now, in a few years we might think the current price was stagnating for months, only going up and down by a tiny amount like $200.

yeah 99% of alt coins will die (or be close enough to death to not matter), markets been oversaturated for awhile and getting worse.  even non scamcoins only have a handful of faithfulls interested, monies spread too thin on too many doing the exact same thing.

most now just do any new coin for a very shortterm play, only the delusional think  any of the coins created last 6 month + will come to anything.

sooner or later most in the alt market will consolidate back into btc or ltc (despite the constant fud), as thats where the investor money and only decent liquidity is (liquidity in trading is more important then price).

I absolutely agree.

'Buyers beware' and 'do your own research' are just cliched, convenient and increasingly ridiculous excuses given whenever instances of scams and frauds emerge.

The fact is, this forum has devolved into a perfect environment for scammers, aided chiefly by the apathy of the forum admins. Most new market participants inevitably just turn away from any further involvement. Meanwhile, dewy-eyed proponents of some quaint and romantic notions of decentralization seem incapable of seeing the lawless and barbarous market taking shape here. Left on its own, I fear cryptocurrency could well be destroyed at its very place of birth.

It's not "apathy"...
This forum exists to provide a "perfect environment for scammers"...
Starting with Rule #1... The Dev Shalt Not Profit From His Labor...
And Rule #2... Spoetnik will hysterically trash your coin for 50 posts without knowing anything about it.

All the talent in the Crypto World has moved on to Gen 2.0 Platform Forums...
Where trolls have their accounts deleted within days...
I just come here to see the train wreck for old times sake.

Some of the sub-forums, like mining, are still rational.

almost* on-topic and an impressive feat around here  :D

all i can say is..


http://i62.tinypic.com/b7knx1.jpg

as much as the Mods have pissed me off around here countless times i have to say again it's not their fault..
they volunteered to enforce the rules and we have to ask who is making the core rules then ? such as not moderating scams.
two points come to mind for me..

1) It would be a BIG job for mods to moderate it and it would back log them with so much work it would stall what gets posted badly.
If they reviewed code etc before allowing a new ANN topic for example.
And who is going to do it ? You would need a lot of volunteers working over time and more people equals risk for biased favors etc
If they paid people to do it too that would be asking for corruption also..

2) What is a scam ?
We don't agree as it is so imagine a team of mods having to be on the same page as that and how it would inevitably conflict with us public guys.
Me ? I figure it is any coin that was not intended to be a real currency with a legitimate shot at dethroning Bitcoin.. simple /end

I personally don't agree that a coin has to have a legit shot and dethroning BTC to not be a scam coin. No more than the Mexican peso has to dethrone the US dollar to be considered a real currency. I can several coins being legit currencies and existing with BTC. Some will sever purposes btc doesn't like Dogecoin. It more a social and charitable and somewhat entry level coin. Others will serve certain markets better than btc does now like the dark web patrons. Some coins could be well intended to be a btc killers but never catch on. Still not a scam just a fail.  A lot of coins will fall into this category. To me a scan coin is something created to get money/BTC without no intention of ever serving a real purpose or a coin gamed (set up) with unfair advantage built in like magic blocks and hidden premines. A premine is not a scam if it is told about up front. You may not like it and you don't have to buy or mine that coin but a premine that is know about upfront is not a scam. You buy or mine knowing its there. These are my views and they are shared by a lot of crypo folks I know.

how would a voting system work? 50 votes to get a thread removed

that's where my service comes in (signature). I never had a problem with investing in scams. It just doesn't happen to me because i am not as jaded and gullible and more sensible and also more paranoid as most people.
Listen to what people say and loose the money.

New coins: huge risks, huge returns only for the very best of traders
Old coins: more easy to predict

If you need big brother to be watching over the forum you all failed. Scams are a problem but authoritarianism is not the answer.
For the noobs: just stay away from brand new coins and don't use twitter to get info.

There is only so much bitcoin and new coins all the time. I think all altcoin prices will keep dropping with a pump here and there.

i know a special altcoin that is unaffected by all the dropping for the whole year (yes, one or two coins you people overlooked that did HOLD THE VALUE ALL YEAR LONG and will continue to do so. That's your big winners in the next bull.). Altcoins can go up in flames 99% - there will be a select few surviving all that. If you always run for the latest thing and the new stuff only you got a problem in the long run. We have now hit that wall (thank god for it). Vast majority of traders was chasing the latest launches only, never caring about sustainability or actual substance or longterm holding. They find themselves in the mess they themselves created with their mindset.

How much coins were created last months? many Hundreds! How much made it to exchange? Hundreds! How many were pumped and dumped? Dozens. How many have a community today? A hand full.

See the problem here?
That's why 99% of coins are worth nothing because YOU are the vapourware!

None of them whiners actually ever got behind a coin and wanted to make it a success. If a group of people is determined to bring a good coin to success they will almost always succeed to some degree because their mindset alone is what makes them that success.

Weak people and opportunists keep chasing the hype and then cry.
You want money for nothing? You want a free ride on the back of others? You want to profit from the work of others? You wonder why you are scamed so much?

Admins, Spoetnik, not mods.
Remember my petition and BadBear's comment? That's one example.

Ya i caught that but i wanted to springboard a reply in defense of mods eh
In other words i seen you chose the word "Admin" ;)

I am not too familiar with how they make the rules, especially how major ones are decided on around here.
and no i don't recall off hand your Badbear comments/topic sorry.. link ?

The guy(s) ? that make the *core rules here are not the same guys that enforce them most of the time was my point.

And i stand behind what i said.. i don't think it's feasible to moderate for so called "scam" coins.. a job too hard to do overall i think.
I'd love to see them say ya make a rule, "NO Scams Allowed" but i don't think i'd like how they did it LOL
We all have a different view on what is deemed a scam..

I will say again a Scam is to me, any coin that does not genuinely have an agenda to sincerely dethrone Bitcoin.
And that includes guys who make coins knowing full well that their new coin will not beat Bitcoin even before launch.. ever !
..but pretend that is their agenda  ::)

I am so far out its not funny.

How's it going? Any new leavers?

it's easy to give up otherwise everyone would be a winner in this world. It takes a man to say "fck it if I drown let it be". I've lost tremendous amount of BTC in market but one day I got up and told myself "Fck this, I'm going to figure out a way to make profit from this mess" and you know what? I did learn how to make profit and I'm glad.