Bitcoin Forum

Ok bros, it's pretty clear now that we missed the moon. But why?

A considerable fraction of total bitcoins was mined during the early days/months, another was stolen during  an impressive number of various scams and hacks, another was earned by trading manipulation.

All this people, all clever than me, has probably already cashed out a ton of fiat at a better price, and is currently still doing it, they will do it untill people put money in it, because they have a tons of cheap btc, and want to convert to a ton of fiat before collapse.

This bubble was very bad for me: I buyed even at 4 digits, i build a scrypt miner and I was not able to ROI, I was scammed for little amounts. I never sold, beside little bad trades.

I am still glad to be here on this forum, but I have never seen so much scam attempts, here nobody trust nobody (and probably should not) and there's hardly someone who will help you for nothing - and it's a forum!

6 2 billion dollars of purchasing power, and what is the great thing the bitcoin community is currently doing for the world? Scamming each other for penauts. Oh yeah, and gambling.

We missed the moon. Maybe it's time to ask us why.

 ;D

We will reach the moon next time. Becouse we are smarter then before.  ;)

Glad we missed the moon. Last thing I want to see is some guy's ass

A lot of the posts last year during hype phase/euphoria were quite comical:

'you ain't seen nothing yet, 10,000 dollars by february!'

'10k lol, come on bro that's nothing...50,000 per coin by 2015!'

That moment when reality hits you and the shills stop talking because they've taken profit...


Looks like it's down to nothing but bagholder moans, finger pointing and rants at people dumping off a sinking ship, and suddenly now everyone's changing their tune to 'price is irrelevant.'  Yet price is the very thing that drives bitcoin with its purchasing power and miner salaries.

Interesting paradox.

The quality of our ecosystem is bound to increase more over time. Scams and thefts are a serious issue, but they also show that people value having Bitcoins.


What if the moon attempt was a hoax, filmed in Hollywood movie studios?   :D

Bitcoin will come back again.

Next run will be powered by decentralized exchanges like coinffeine (for on-ramping) and bitshares (for trading). This wouldn't have happened without stamp, gox, and all the other continual fuck-ups by exchanges. Antifragile means we adapt and evolve.

We're headed towards the fiery pits of center Earth... everyone sell out while you can survive the collapse... so I can buy more

Did you think we would be seeing 10k? thats never going to happen sorry...the low price doesn't mean bitcoin is dead this has happended before and will happen again...a few times.

And OpenBazaar (for commerce)  ;)

Capricorn One (https://en.wikipedia.org/wiki/Capricorn_One)

All we need is OJ Simpson :D

We need to get a couple of celebs to gain interest... Lebron "For my next destination I'm taking my BTC to ......"

Why? Because your the herd. You don't understand how markets work and got burned just as badly as the silver bulls who listened to Keiser....who was also doing his best to pump bitcoin.

Now kindly exit my sacred digital homeland, you do not belong.

"Shoot for the moon and if you miss you will still be among the stars." - Les Brown

On the contrary, you will either be eternally isolated in the cold vacuum of space far far away from any star, or you will fall back towards the earth and burn up in the atmosphere in an uncontrolled descent.  It's not great.

We need to find a way to limit the behaviors of the day traders and whales and manipulators.  None of this shit would be happening without manipulation.

-B-

i have a feeling dogecoin might be better for you.

markets and exchanges all over the world have been manipulated one way or another ever since. although i do agree with you, i think it's impossible to limit day traders, whales and manipulators.

there's a good reason some of them have become rich.  take warren buffet...  you think he got there cos he's so good at picking stocks?  bullshit.

Well, it's a lucky thing you are an oxygen breather here or you'd be SOL!

Shoot for the moon. If you miss, shoot again. Keep shooting and never stop.

Someday, one of us will destroy that stupid skycircle.

But, seriously. What does it actually mean to “reach the Moon” for Bitcoin? Is it about the price? I don't think it should be. It should be about global adoption. Only when everyone can buy groceries with Bitcoin can we say that we have reached the Moon.

Are you suggesting you want to miss the moon and crash into Uranus?

A large number of transactions will make the equilibrium of price,but now the real deal too little, leading to price instability,  I guess after the 99%  number of all the coins are dug out the price will be stable.

The moon is about 1/4 the size of earth and is frequently in plain sight from the earth.  Not sure how we missed it.  

But regarding the price of bitcoin... how much should it be worth, anyways?

I've said this before.  95 cents.

The moon will come back, be patient.

and viorcoin gateway for telcom

Decentralized exchanges will be slow and steady. They will provide stability.

I think you might be right, we need some celebs like Justin Beaver etc

We all need to to be Justin Beaver from time to time.

We need Vin Deisel on our side, this would be a rush to the moon.

This thread makes no sense.

We didn't even launch to the moon. Saying "We missed the moon." would only be valid if something bad happens during a bullrun.

It's funny how these types of threads increase, when the Bitcoin price goes down.  ;)

Some people are so focussed on the price, they totally miss the real value of the technology. The nature of all things are the same.... for everything.

People will cheat and steal, no matter, what the technology are.
What goes up, will go down

I am focussed on the use and what change it can make in millions of people's lives..... If I get any value from it, it will be a bonus.  ;D

My view or opinion of the Moon is, when millions of people can have easy access to global capital without having to share it, with the richest people or companies in the world. { Paying enormous fees, and eating away at the hard earned money } So in a sense, we already reached the Moon with that goal.  ::)   

A good idea never dies, crypto currencies are here to stay.

What is hurting bitcoin right now are regulations. yes, regulations that do not apply to currencies of other currencies and create unfair competition.

for example in the USA you can not buy/sell bitcoins anonymously, but you can for other currencies, for example in San Ysidro CA, you can buy/sell pesos/dollars in exchanges available to the public completely anonymous, for example if you converted to pesos and the peso gained value you would not be expected to pay capital gain taxes, and if you had pesos and the dollar lost value you would also not be expected to pay capital gains tax. why discriminate against bitcoin?

This has created an environment where is is very easy to sell bitcoins and hard to buy, most vendors that accept bitcoin just convert it to fiat, few are the ones that keep the bitcoins.

if it was not because of regulations there would be a bitcoin vending machine in every city.

I do not believe people should pay an inflation tax, that is like getting gipped, you paid your taxes, and then have to paid taxes on money that was already taxed, and then taxed again an again for the same money, at that rate taxes exceed the amount you are trying to save.

To makes things worse some countries that do not value economic freedom ban bitcoin altogether, the IRS make a ruling that is property, this was done in purpose to get easy money and to discourage bitcoin usage.

my prediction on bitcoin is that it will hit a bottom, and then bounce back.
in the years 2009,2010,2012,2012 the users of bitcoin were people that believed in bitcoin, the average guy.
in 2013 bitcoin got a lot of publicity, lots of regulations that kicked in on 2014, and even though a lot more people that believed in bitcoin, it also got in a lot of people trying to make easy money, that created the bitcoin buble.
2014 was the year of legislation, rules, bitcoin was banned in some countries, in some countries it was left free, on others it was heavily regulated.
2015 bitcoin will hit bottom and then bounce, it will not die.

things to learn decentralization is good, centralization is bad.
simplicity is good, making things complicated is not good.

once mining becomes decentralized again, it will help the bitcoin enocomy, once BFL and KNC go bankrupt it will help a lot to weed out the scammers.

my advice is to hold on to some bitcoins, since 5 years from now, they will either we worth a lot, or very little, if they are worth a lot it means bitcoins have succeeded and people on this planet who choose to have financial independence   can have the freedom to have financial independence.

For bitcoin to succeed we must concentrate on making easy to buy to the average person, and try to keep it free from regulations as much as possible, regulations only cripple bitcoin, and a cripple bitcoin will have a hard time competing against other currencies that have other set of laws.

The worst bitcoin crash was in 2011 when it lost 90% of its value, I had a prediction that in future bubbles that bottom would always be at a lesser percentage than previous bubbles, if we take the peak of 2013 at $1240, and apply 10%, thats $124, I strongly believe that bitcoin will not go below this amount.
I think we are near the bottom of the crash now.

All the alt coins are dying right now, if we join forces and all get bitcoins, it will help the bitcoin economy, and that is much better than having a fragmented digital economy in bad shape.

mining also has become a problem due to centralization, in the early years of bitcoin the block reward was 50 btc and it was not a problem, now it is only 25 btc and it is creating a big problem, the reason is simple when it was 50 btc most miners were independent using CPUs and then GPUS, most of them believed in the bitcoin economy and kept the coins, now it has become centralized by the greedy asic makers, like KNC who lied to their customers and now control a very large percentage of the mining network, this people do not believe in the bitcoin economy and immediately  as soon as the value of bitcoin goes up they sell all the coins making the value go down.

To solve this problem, we need more independent miners, but the problem is the hardware it has to be purchased by the very same guys that are creating the problem, we need someone with cash and that believes in the bitcoin economy to step in and build quality miners a low cost for the independent miners as long as this does not happen it will be very hard for the independent miners to compete against the big guys.

In brief this are the 3 main problems causing the price to go down:
1. regulations and laws, we have to lobby for less regulation not more, otherwise more guys like Charlie Shrem or Roger Ver will be picked on by the authorities to be used as examples with the goal to discredit bitcoin, so far the strategy has worked to some degree, we need a free bitcoin ( as in freedom). Remember it is people like them that helped jump start the bitcoin economy not the ones creating the regulations.
2. mining has to become more decentralized, and its becoming more centralized, someone that truly believes in the bitcoin economy needs to start making low cost hardware exclusively for the independent miners, this will cause the price of bitcoin to go up, since the only miners that hold on to the coins are the independent miners, and it will help protect against a 50% attack, otherwise it will be extremely difficult for the independent miners to compete against the big guys, and this will cause the price to go down like it is happening now.
3. buying needs to be made easy, just as easy as selling, normally every purchase is a sale this cause the price to go down, buying should be made easy, since buying is what causes the price to go up, maybe this is where decentralized exchanges will step in. if we manage to make buying bitcoins idiot proof the price will go to the moon, but creating a method for buying to be idiot proof will not be an easy task.

if we manage to improve in this 3 areas I am very confident that the bitcoin price will go up and help stabilize
bitcoin.

Like Coindesk pointed out the price isn't what the factor running bitcoin, its the ecosystem which is evolving around it.

Bitcoin reminds me of the wild wild west..

Well, Bitcoin is more or less 6 years old, where fiat currency are hundreds of years old. In comparison, we are in the wild wild west stage of the cycle of the currency.

I have seen MANY alternative uses for Bitcoin in the last 6 years, where FIAT has been standing on one spot, and the only alternative use for fiat, could be to wipe your ass, if you run out of toilet paper or use the coins in art, after a train rolled over it on a rail  ;D ;D

Let them cash out. They have made their fortune so now is our turn. The opportunity for us to still acquire bitcoin at such low price is still there. If you consider that one day a bitcoin might be worth thousands, current price means it is still low.

Who is Justin's beaver? I know he broke up with Selena Gomez a long time ago but I don't keep track of celebs.

I completely agree about the bitcoin bias you pointed out, not about proposed solutions: selling miners only to " indipendent"  miners? How would this be possible? And how could we possibly change the regulations?
buying can be made more " secure" if we develop a distributed exchange (after many years nobody succeed in it, I wonder why), but it's hard to make it easier than bitstamp.... but again, the regulation is a big matter when you move fiat, u have to complain kyc and all the shit.


In my opinion, the big fault was the massive exchange of bitcoin for fiat, now it's probably too late to develop an healty bitcoin-denominated economy.

I pointend out exactly that the ecosystem seems pretty fucked up, at least for my standards.

We didn't miss the moon for ever but you bring up interesting points about what has been the Bitcoin history : hacks, bad management, gambling. A lot has been achieved and a 2 Billions market cap can be a stepping stone for higher accomplishments.

The financial landscape will change drastically soon and Bitcoin will likely profit from it.

We were so fuckin' near... as somebody asked, I will state what is the moon for me: wide adoption, and things starting to be denominated in bitcoin.

The world was watching us when btc bubbled, and what did they see? Scammers. A lot of. And a greedy base of trolls and rogue speculators. No idealism, neither great projects, or user-friendly applications...only a tons of altcoins, and exchangers, and speculating instruments of all sort, from pure gambling to ponzi to binary options to cloud mining etc... The only things bitcoin community was, and are, able to develop in no-time.

Note that i'm still a beliver, I srill strongly hope that bitcoin will become something great in the future, but..

To actually being able to properly use bitcoins, you still need to be young and have an above-average IQ and cultural background, and to spend some days on a shady forum where somebody will say " use escrow u n00b", while u wait your blockchain to download and your bitstamp ID verification process to be completed. After that, prepare to be scammed or hacked, or at best sit and see your purchasing power sinking. Or buy quickly your alpaca socks or something, in a much more complicated way and for no discount when compared to fiat. If you want to transfer 10 million usd from USA to Cuba and pay 1 dollar fees bitcoin could be a great thing and need only a bigger market, but for the average user it's not a great deal using btc to buy a pizza or whatever. It COULD be.

But i wonder how " we " could develop an healty economy if we can't get rid off all the scammers and speculators that are infesting the bitcoin world, as it seems that they now control the vast majority of both hashing power and bitcoins.

The first step to freeing Bitcoin from scammers is to get rid of your paid sig. How much is your dignity worth?

I don't think we missed the moon, we barely got off the launchpad.

https://i.imgur.com/gf8D2h.jpg

Year 6 bruh, gots some growing pains first to deal with, before we get to where we need to be.

Why? The answer is always the same one for all the missed moons: Not being at the right spot at the right time buying the right thing.

This. I've learned a lot playing alts and btc, the #1 thing is if you didn't get in early just stay out unless you are really good at chart analysis and don't expect huge gains.
All the shit the op brings up isn't why btc price has crashed from it's peak, although they may have hastened it. Just like altcoins that moon, early adopters gotta cash out.

We wen to a 10 Billions market cap, it's more than launching!

With every "crash" we lose more and more weak hands. Its getting better and better.

Good point. At least i do not have a ponzi or a cloud mining site in my signature, but yes, it is gambling.

I spent a ton of hours on this forum, I never scammed anyone and i helped every time I could with mining advices, and pointing out clear scams etc.... i also gave my professional help for free a couple of times, but nobody never ever tipped me a satoshi. But I can make 0.001 per post if I sell my signature...

I am not rich, I have not many bitcoins and I paid them a lot...so I value them a lot, and 0.001 per post is a tempting deal. I think that my choice of selling my signature to a gambling site is a  consequence of the actual " zeitgeist"  of the bitcoin world, of wich I am part. I'm hoping for this to change.

There are not many signature campaigns with decent payouts apart from gambling sites.

There is no moon in Bitcoin's immediate future, just the fiery depths of middle earth with trolls and goblins trying to steal your "precious" coins.

It's suckers like you who made Bitcoin a success. Thank you for your service.

Always remember, Bitcoin is zero-sum. For Bitcoin to have winners, there must be losers. The success of Bitcoin demands the constant recruitment of new losers. This is the job of Bitcoin's supporters.

We haven't missed anything (yet).  So far so good, this will take a few years not months!  I consider Bitcoin to be a communications technology really, and if you look at their adoption rates you can see what it will take for Bitcoin.   Give it another 7 years, then let's talk.  Maybe the new forum will be finished by then?

I think the max. value that bitcoin will reach this year (will be)  $500, because this time there will not be the karpeles bot "willy". We already missed the "moon" of a thousand dollars per bitcoin , but maybe between 5-6 years we will see again 700-800 dollar.


I'm still holding ...

Unfortunately that's not how thinly traded markets operate. They are psychologically driven. You are right we may only get to $500, but if it happens, it will be extremely fast due to fear of missing out.

I would disagree. There are scams because it is possible to turn stolen bitcoin into fiat. People do not steal bitcoin because they think bitcoin is a "good" investment.

I believe that the recent spike in ponzis is probably not helping the price of bitcoin at all. The massive influx of ponzis is eroding confidence in bitcoin in general

We missed the moon but we landed on the sun and the wings got burned off. Might be a while before the wound gets healed and the bitcoin market price picks up.

Yes of course , maybe the  $ 1k  will be possible after the next block reward halving ... but not in this year.

"We missed the moon..."

https://pbs.twimg.com/media/B7hO1AVCAAEEJlq.jpg

The positive influence of the reward halving should be noticeable before it arrives because the market is going to include it in the price.

Shorting all the way down to 1$ because we can!!!

3600 coins inflation weeeehooooo! Short the bitch all the way to 5 cents!

All the fanboys and bagholders are just too handsome.
Keep holding inflation-coins, suckers.

There once was a time when it all seemed so possible, the moon was right there before us, so close, so close.  On a good night, we could almost reach out and touch it...

http://s24.postimg.org/kelkd6zp1/moon1.jpg

I can't imagine you could make much shorting at $1.

true. At 1$ won't be worth the effort.

I hope you are naked shorting...  ::).

Sure. You want a picture of me doing it? Shorting all naked with only my hat on!

We didn't miss the moon, the moon missed us!!!

Sacrifice your young at the altar of your might moon goddess, Coyolxauhqui!

http://s24.postimg.org/lbfmqhyd1/Capture.jpg