Bitcoin Forum

Well today I am having doubts.... If Bitcoin were to dwindle and fail, is this what it would look/feel like????

I feel this is train is going nowhere, too many people on board and the track and engine just weren't designed well enough...... we are stuck and devs and miners don't want to improve fast enough.

Not trolling but definitely losing confidence today.....

Waiting for people to come in and say not be in it for the price :P
Anyways, if you aren't able to cope with the swings, its always adviced to hold a small amount, for which swings won't make a big difference.

I´m feeling with you. I gave up my hope for BTC weeks ago.  :-\

doubt isnt really my area
since i am using bitcoin as an instrument for daily trade thus im saving a few in cold wallet
in few years from now, all our bitcoin could worth millions of dollars, or could be worthless, no one can really speculate this

You should always consider and maybe doubt the future, but does that override why you got involved with bitcoin in the first place?
Do you really think that Crypto isn't a part of the future?

There is a saying along these parts that goes, who panics first panic best.

But how do you argue the fact, that if I am holding it, I would lose money ?

If you're losing confidence then there's likely nothing we can do to convince you. IF you think bitcoin is failing then go with your gut and get out whilst you can. However, there are plenty of people that can see past the troubles and see the future potential of bitcoin but you're never going to succeed if you don't take risks.

Phew... this is difficult. I really don't know in which stage of grief I am anymore... Thing is... sometimes you have to stick to your investments and ride them through. Imagine someone in November 2011 selling all their coins at $2.5...
I may be in stage 1, if this goes belly-up. But I actually accepted the fact that this may lead nowhere. I didn't put any borrowed money in BTC, so I'm not in debt. I've got that going for me, which is nice.

I still have confidence in the concept, but the novelty has definitely worn off. The last mile, true integration into the global economy, has certainly been tough.

TT

Well, I used to develop that kind of feeling after seeing the price crash from 500 to where it is right now. To lift my own confidence I would just tell myself to look forward long term instead of hoping the price would miraculously rise tomorrow. Wait for the halving, that is what I look forward to right now.

You guys are pussies. We are still on the lunatic fringe. Give it 2 years like Andreas said. If in 2 years things look the same, then you can start considering jumping off tall buildings.

People should calm down and relax. Be patient.

Do you guys really expect the Bitcoin price will sky-rocket back to +$300 level??

Come on, a lot has happened in this year already, current price is a fair reflection of what is going on right now.

If you can't handle it, sell your coins, and then you don't have to worry anymore.

What took you so long?

Don't be stupid. People don't fiddle with money systems without trying to make money on it.

Waiting for people to grow some common sense.

My first coin, two of them in fact, was bought at $150 $135. Then I sold at a higher price just to see if this was a real thing. And then I bought them back again at a loss (used a broker at the time, was really new).

The price is higher than it was, even now. Just depends on the timescale you look at. Stop wasting your time here and go read up on the tech, the economic theory, how it compares to the actual workings of fiat, the infrastructure being built and then add it all up. Make your own, informed, decision.

Imagine a guy holding 100 BTC and seeing the price drop from 600$ to 200$. I won't call them pussies.

Nope I call him a bad trader. He better sold it @ 600 and bought it tripled back @ 200.

Oh dear BTC has lost a few dollars everyone should quit now, no future for Btc only mintcoin is going to go places, RIP BTC it was god while it lasted  :-X

Head up dude it's not all bad we are flying threw space at roughly 30 km/ 18 miles a 'second' with no seat belt no insurance and well just be greatful you are hear to lose a few dollars raahahahaha

What signs are there that the devs can keep Bitcoin current? They can't even agree to increase something as stupid as the block size......

Why doubts? We're still in the start-up fase.

Airliners + Bitcoin= perfect match  :D

http://www.coindesk.com/bitcoin-bitnet-260-airlines-uatp/

 i would

some day bitcoin or any other crypticurrency will cross $1000 that's true because it is spreading wastly......but it will cause a lot of problems to...

Only invest what you can afford to loose. Then you have no reason to panic or to loose faith etc 'cause it doesn't matter that much.
To me it seems a few people are overinvested.

LoL.

I have to wonder what criteria you base your conclusions on...price ?

Price wil not determine Bitcoin's future - it never has. Take a look back at 2011 on Bitcointalk. There were hundreds of messages like these lamenting the "collapse" from $5 to $1 and concluding that bitcoin was dead.

Meanwhile, there's never been so much VC capital gone into this sector in history.

People giving up hope is a sign of reaching the bottom, slowly but surely. My own indicator is not looking at the forum for weeks. That's still some time away.

Fun indicator - personally I'm checking here once a day maybe three days a week instead of multiple times every day.  The last time I was at that point was during the summer of 2013, which was also super boring.

Then we'll know we're at the bottom when bitcointalk only gets 5 posts a day.

I'm intrigued by this predicted desolation. Even down in the doldrums there'll always be new folks arriving and asking questions and you can always depend on trolls to keep the volume up.

Very hard not to have concerns when reading the troll filled forums daily,i know. Good to take a break and consider why you originally invested, make your own choice (forums good to read but make it your choice ) have faith hold if not sell and don't look back. Myself bitcoin has always been a fun gamble with great tech, put in what i can afford to loose, plus side at these prices greatly out weighs possible loss to me. Best of luck op in your choice.

Its gonna look and feel like its been looking and feeling for the last 12 months!

That´s a pretty optimistic view  :-\

Don't worry so much.  On one hand, you might just say that we're getting back to normal after the wild ride the speculators took us on.  Notice that transaction volume and network hashrate are basically stable or growing.  People are still interested in bitcoin and it will be around for a long time to come.  They hype will come and go as is normal.  Think about other important community projects like GNU/Linux.  Sometimes Linux was in the news as 'oh my god it's gonna take over windows, Bill Gates is crying at night!', sometimes people were saying 'oh my god this is the year that all Linux users have a heart attack and die at once'.   In the end, neither one of those was true.

Its kinda hard to be optimistic with btc in the shiter. I mean, Im still in the green but what about everyone who bought in above $250? Most of those guys must be crying buckets today.  On the other hand I do have cold wallets put away for 10 and 20 years. So if btc does pop and goes somewhere I'll be locked in for the ride. If it goes to zero I'd be cool with that too as I've taken way more profit then I stand to lose with my cold wallets going to zero.

That's the spirit, Bob!

 ;D

Thanks bud. You da man!

Doubt is normal, but the more people doubt the more they fear.  Fear leads to panic and panic leads to depression.

This is a new age, set aside your doubt and fears and watch this age grow.

if this ship goes down.  i'm going with it.  telln the band to start playing now.

And the band begins to play...

http://i664.photobucket.com/albums/vv10/JimboToronto/yellow-submarine-header.jpg

The real pussies are the ones crying hard because the coins they bought while riding the most recent up-wave arent worth the 5x or 10x they were hoping for *right now.

The bears/trolls saying "see, told you so ! you should have sold at X" arent even worthy of serious contempt.. they're just laughable at.

Its as if these people arent even aware of the availability of the history of Bitcoins price charts (*not value) and the proof that it has already done this several times, and will likely continue to do it again and again for quite a while yet.

Thanks to human nature (majority just trying to make a quick buck without any real understanding of what they are doing it *with) and the design of bitcoin being inflexible in supply (which is a positive point in the long term, and negative in the short term), the price will very likely *continue to oscillate with a gradually decreasing amplitude (on a *logarithmic scale) over a period of *decades.

Every time it booms, a swarm of newcomers grab coins not wanting to "miss the train/boat/whatever", driving the price into a wild upswing.  then some traders take profits, sending it down, and the short-term thinkers panic and jump out again, sending it down faster causing a big dip.

Trolls and chicken-littles like to use terms like "Crash, Bubble, Ponzi" etc without any consideration of the fact that this behaviour was anticipated and expected a long time before they stuck their heads up and started venting their opinions..  

Anyone with a basic understanding of economics would predict this cycle of surge and drop-back as adoption and market penetration grows, given a limited-supply item like bitcoin.  Its *not like other money that can be printed at will to smooth out surges - and can also be printed at will to *steal value from those with savings without them being able to do anything about it.

If you johnny-come-lately profit-seekers's actually bothered to actually look into the history of bitcoin and think about it, you would realise that these waves are a predicted and *necessary phase of its adoption, which I think is proceeding quite well.

I realise its hard to be rational in this place, surrounded by so many doom-sayers and hype boosters, its like trying to be calm in a room full of manic-depressive shouting people.

Realise that right now the price *is largely pure speculation, with a gradually but consistently increasing base of actual *value as infrastructure grows steadily.

Try widening your viewpoint over a longer period than just the last cycle (regardless of where you jumped on board), think about the tech, whether there is anything better or even comparable on the horizon, ignore the alt-coins fraudsters hawking their wares, the obvious trolls who are probably talking their book to try and short with maximum profits, and see if you think that this technology has potential to change the worlds finance systems for the better.

If you do, back it to whatever you feel comfortable, dont be stupid and risk your lifes savings in the hope of future profit (or if you do, dont come crying here, it was your decision to do so), and avoid the "I have lost all hope !" Emo B.S. because the price wave is currently going down lower than what you paid.

Grow up, open your eyes, look at the big picture and think for yourself, or you will always get taken for a ride by whoever shouts the loudest and manages to convince the ignorant short term thinkers that "everyone else is doing <x>, you should too!"

definitely best to sell all coins! this thing is tanking bitcoin will be gone before surise..or sunset depending
where in the world you live. 8)

Sunrise? It'll be dead and gone within the hour.

Why, it's tanked by almost $10 in the last 15 hours alone.  ;D

Look out for satoshi doxxin himself. Hell be the guy holding the last btc before the ship goes under :D

why do you have 630 odd posts and hang around on a forum thats dead and isnt going anywhere
it just doesnt add up

is someone paying you to spread the FUD or are you trying to drive the price lower ? either way its pathetic and everyone can see through all these doom and gloom preachers who spend most of their waking hours here telling people btc is dead ..........:D

One thing is sure. The guys who are here with hundreds of posts and only writing about death of bitcoin and how shitty it ts etc. are here with an own agenda! And that is lowering the price to short or to buy themselves in as cheap as possible and to sell with profit in the next way up.

I ignore all these posts. Cause it is so damn obvious what they are doing. And if you're in for long term then also think in long term. And as I and some others here mentioned only invest what you can afford to loose!

Lots of trolls, and also lots of cheerleaders, but seems to me that the OP was a genuine expression of one individual's feelings toward the bitcoin evolution. That sentiment is not a rare one these days. There are so many people who have become excited about Bitcoin or altcoins, only to be let down by unscrupulous scammers, or outright thieves, or social deviates, or whomever. it's not even that you have to be directly affected, you just listen to the media coverage. In my opinion, Bitcoin is an amazing and useful innovation,  and the biggest problem is the selfish folks who are constantly trying to take advantage of others, and the negative press around these folks and their activities.

TT

Many people think the quote goes "Money is the root of all evil"....

In actual fact, it is "The *love of money is the root of all evil".

Those who are willing to treat others in a way that they would not want to be treated themselves merely in order to gain financial advantage are the truly sad people of the world who think that scamming others, thieving, and generally abandoning your principles are acceptable paths to wealth.

I personally know quite a few millionaires closely both as friends in some cases and clients in others, and I can assure those who want to be there, that once you are "up there", a whole new slew of problems will appear in your life to replace the old ones of "not having enough money"

Protecting it, avoiding those who want to steal/tax it.  and the worst of all..  Wondering which of your recently acquired "friends" would still like you if you *werent wealthy...  One friend who "made it" has confided in me that I am one of the few people he feels comfortable talking with, because "I knew him and still liked him when he was poor (before he made his millions)"

Im not where he is, but you know what, having seen it up close, Im not sure that I *want to be..

If Bitcoin succceeds and helps enrichen me as a side benefit, well and good, but I will be *happier to know that it has helped free many from the problems of a manipulated fiat money system and hopefully not just acted as a an instrument to transfer wealth from one group of sad people to another group of sad money grubbing people.  

This and my earlier remarks were not directed at the opener of this thread, but rather the gleeful trolls and FUDsters who take every opportunity to discourage people whilst obviously (as someone else said) having an agenda to make it worth their time hanging around spreading fear and gloom.

ok, /moral waffle. :)

A few more of these posts and I'm really convinced we reached the bottom.
I actually bought a few extra this week and keep a very low amount of fiat ready if it even gets lower, but I doubt it.

Every MACD chart is bullish as fuck ;D Soon the 1w chart!!