Bitcoin Forum

Not sorry for being so blunt...

You trusted your bitcoins to any other 3rd party? You lost. You kept your coins in any other place than your wallet? You risked your money for nothing.

You daytraded? You helped the price to go down. I for one, sold only when I needed cash, only because I could not pay for much in BTC. Because if I could... I would had 0 fiat currency.

Remember that when you see the price so low it hurts. We had full power as a community to make bitcoin the 8th wonder of the world. But kinda failed.

the halvings are a fail - nothing else

the tech is brilliant. The economic aspect is an error

Agreed on so many parts.

But I don't think we're failing. We've been here already.

It's the free market, brah

So what you're suggesting is we should all have conspired to just hodl until the price is high enough. Then, presumably, we'd all sell, except that would crash the price. So just hodl forever. Never even buy anything with your BTC - the seller might convert the BTC to dirty fiat and crash the price!

It just doesn't work that way. You can't complain that the price is too low now if you're not willing to accept it went way too high before. It's just price discovery.

not sure where failure is? the price? the adoption? the security of the network?

bitcoin will not be officially dead until another crypto has more adoption and is accepted in more places than bitcoin, I see nothing on the horizon that is even close.

Right now i fear only one thing, governments that is all

Are you calling yourself free when I could drive the price down lower to 240 just because am an early bird? And wait for those fat wallets to dump, that would be mayhem.

Are you calling yourself free and a GOVERNMENT has one of the biggest wallets ???

ARE YOU CALLING YOURSELF FREE WHEN  YOU DIDN'T FOUGHT FOR ANYTHING IN THIS MARKET? There's no such thing.

short translation - the BTC im hoarding in a cold wallet isnt going to make me rich as I expected.

BTC was meant to be a currency and thus spent, traded, gambled and used not just stashed away until the price went to the moon making all early adopters overnight millionaires.

We just failed the price. Which is very important. The rest are somewhat a success.

This crash is actually doing good for me. Recently got a new job and will have some extra cash. If I can grab some cheap coins at rock bottom, that'll be awesome!

Once it hits rock bottom, it only has one direction to eventually head: UP!

And that I would do if the merchants wouldn't exchange it to fiat immediately.

Show me a currency that suffered such massive image loss and I'll call bitcoin a currency. Until I'm calling bitcoin 'bitcoin'. Not a currency, not a stock, not a commodity.

Chill brah,  it's free as in people are free to do what they wish with their money.  And you are too.  HODL your coinz to zero for all I care.  Take some responsibility for your own trading instead of expecting greater fools to pump the price just cause you're a bulltard.

If you want to make money from here dump and go short.  You've been warned by many smarter than yourself

Read some history, every fiat currency has suffered a far greater image loss, the dollar will be no exception in the long run.

No bulltard here. People are free? Don't they fall for most of the FUD? Not free.

Awesome! But bitcoin is still superior to gold. Anyway, at the moment, gold is the best option! Maybe you will convert back to btc sometime.

We will be back at anytime.

Thats easy to answer.. Try the Russioan Rouble which recently dropped 40%!!!!

I agree that Bitcoin is not a currency and will not be recognised until the Market Cap is way Higher and the masses recognse it. I would suggest that at least 5 to 10 years away.

I disagree with you that its not a commodity though because thats how it is being traded. If we go back to basics then it is similar to gold which started off as a precious metal, evolved to a commodity,then evolved to almost a currency and then reverted back to a commodity.

Bitcoin is a business for many.
Many companies invested in hardware to mine, dump and just "produce".. FIAT.
Many others just daytrade to get... FIAT.

....sadly, because, as many said, the tech is brilliant.

Actually this is good accusation, in my eyes daytraders fuck with the value alot.

Exactly. Almost everyone is in for fiat. Speculators, traders, 'investors', miners.

if bitcoin would be superior to fiat people would not trade to fiat

There is potential here but sadly it's just a good first try and you can not trade not for fiat

Overtaking fiat is the hardest battle humanity will fight. All goverments' power is based on fiat and banks so for them, fiat is high-stakes. But that doesn't make fiat superior.

Most people obey their goverments because are programmed to do so. And if they disobey, they won't be labeled as 'free' but as traitors, liabilities and so on. Goverments keep people under control, not vice-versa (the way it should be)

You kinda sound like the paycoin ceo lol

Sheesh, relax. "Failed the price"?!? Bitcoin is still up something like 7000% over the past 2 years. Without the late 2013 bubble, we'd still be up an amount over 1yr that eclipses nearly any other asset class.

Sure, the price collapse periods suck, but this is a long-term battle, and the tech and ecosystem are stronger than ever.

As someone else who weathered the 2011 bear market, I'd expect you to have more appreciation for these considerations. In 2011, the question of whether bitcoin as an ecosystem could simply evaporate was material. But now, I think it's pretty clear that we're over that existential hump (barring unforeseen technical failure).

We no longer have to convince many tech-elite investors and entrepreneurs that bitcoin is a fascinating, enabling, and foundational new technology. They get it, and that mindshare hurdle is the big one. Traders can make the short and medium-term price gyrate however they like; this is a longterm transformational technology. It's not like a viral consumer website; that's the thinking that needs to change.

 

There are too many people complaining about dropping bitcoin price. You shouldn't. If you are sick of this slide and fed up with bitcoin, sell all of them and don't look back. If you have high hopes for bitcoin, buy some with you spare cash. There will always be fluctuations in a speculative market, pointing fingers do not help.

Shame I did not know about BTC when it was at $30 ... then dropped to $1

That was the best time to buy coins not when it was at $1200

Maybe a lot of people get a second chance now, which would lead to more adoption and a much better future for BTC

Remember that 30/1 is = 1200/40!

RULE No1 in crypto:
You can always rebuy lower - no exception

what's it worth to you? Utillity?
I'd pay between 5$ to 60$
everthing else is hype and bubble.

A sober view on the situation. After all, this is a speculative financial market and that's the nature of speculative markets - there's always a winner and a loser. A healthy wealth-driven competition is buying low and selling high, if you're here only due to the monetary value of Bitcoin.

Current time: April 2013. Lol. LOOOL