Bitcoin Forum

Why are so many being a pu$$y?

So the price is lower and has been. Who cares? Average down. Keep at it. Hold long-term. Eventually you'll break even and profit.

If Bitcoin fails, it will be years away. Too many dark websites still use it. Too many lost coins. Too many big holders.

Some people need to consider using logic instead of emotion. Smh.

People want results quick this is how humans are hardwired to look at. Also it's frustrating knowing the early investors only had to wait 4-5 years to have millionaire purchasing power, for this to repeat we'll need at least 10K per bitcoin, and to reach 10K per bitcoin it may take what, 10 to 20 years? That frustrates people. It's understandable tho, time is everything, but we can do nothing but hold and wait.

A lot of people have this same mindset- "Right now doesn't matter. Bitcoin value only matters down the road". Newsflash, if the price isn't gradually increasing until the fabled "mass adoption", it can never take place. Bitcoin won't spike from 230 to 2300 in one day, and it can't start that movement until the price begins to increase.

Bitcoin without drama? I don't even think it's possible. It makes Bitcoin exciting and fun for me as a trader as I enjoy bull runs and flash crashes equally  ;D

It is currently paralyzed because if inefficient & extremely limited market mechanisms. It's going nowhere until the average joe can buy it as part of his 401k.

I get it. Hell, I wish I'd known about bitcoin in 2009 and bought heavily, but it is what it is. There is no guaranteed get rich quick unless you win the lottery or something. Whatever happened to hard work, patience, and delayed gratification?

Almost nobody has patience nowadays. Get used to that. And in this forum (and BTC world) almost everybody wants to get rich quick.
If one would just believe in BTC would only have the amount for tests and normal use and would not care about the current price.
But with all just "buy and hodl", what would you expect :)

And the drama is good, actually. At least people talk about Bitcoin. ;)
While people talk about it, we know it's here, "alive", up and running. Don't complain, please :)

 it is because some of them are holding a lot of bitcoins .. so , in reality when you hold a lot of bitcoins, every dollar that go down, is also a lot of money in real will be gone. so its only natural for them to be afraid. when it go down again and again it will be thousand of dollars gone to them. but those who have guts just stay patience any stay put.

True, sometimes bad media coverage or bad attention is better than no coverage or attention at all. I'm one of those people that buys consistently and holds. I'm guessing a lot of people thought they'd get rich quick and invested too much and had to cash out at a loss.

Very true. I'm in that boat but the patient people win :).

ehm i think many are dumping to take profit not because of emotion, simple has that, i think that many long term holder are also shorter who, from time to time, short the hell out of their coins to earn even more coins for their long term purpose

standard market flow, nothing to see here, i would disgregard any of those crash, the only two things that matter are the crash that may kill bitcoin and the rally that will make it the king of all currency, all the other are pure swing

I wouldn't be surprised if a couple of seasoned (wall street?) traders have here a dozen accounts each and earn nicely from posting various rise or fall threads at the right moment(s).
Even tiny changes can be turn into money. And Bitcoin's fluctuation from 200 to 300 and back is about 50%! Quite an opportunity for the ones who know the game.

Thats what I've thought about the "whales":

Price level to them means nothing.  They just need to get in and out at the right time to make a profit.  Probably isnt hard when they can try to steer the market (and probably collude with others to do so simultaneously)

Despite of this 'drama' , and the great trading opportunities which it brings in, people use margin trading, and lose ridiculous amounts of money in an instant, when the market turns against them.

Things go viral in no time, a good increase in price is possible. The market cap is too small, any whale coming in could move the price at will and put it at 10.000 per coin. There will be a lot of bubbles happening before sustained growth from natural adoption is possible, we are on the early days still.

Bitcoin is actually in a very healthy place right now. The price is relatively stable and the volatility is relatively low, which is one of the criteria for mass adoption.

well this drama is costing people a hell of a lot of money lol :P most people are only in it for the short term and that gives them a bad impression :P

for plenty of people that are losing money, there also are a few winners. people that can't handle volatility should sell all their coins and never come back. these are the kind of people that blame bitcoin for their own stupid actions.

Logic says the Bitcoin has many Disadvantages that discovered over time and no one know it anymore ........ if they know the price will dropped faster than now .......

Bitcoin is not like house or apartment or car and so on ...... patient will make you a dead man .......

Yes i believe bitcoin is just fun game ... like gambling and in the end  all of you will be dead except who ones will join out it very soon ..... absolutely with selling their coins .

Drama never stops in bitcoin. People should be used to it by now. You cannot expect smooth sailing because there are always bad news from within or the market. If bitcoin should fail, it would have failed many times before. Remember Bitcoin is still in "beta" phase and there will be more changes, but bitcoin is resilient.

I like this. I feel like we have a lot in common regarding our positions on Bitcoin :). I get the impression too many people bought in thinking it would skyrocket and when things went sour they turned bitter. I guess it's good we are washing those people out now though.

Most people here are either trolls or idiots. Either way they don't have much intelligence or better things to do so they're not going to listen top reason or logic.

This. Half the people here own very little, if any, bitcoin.

Impatience has become a virtue in this new society of ours..

Impatience as well as passivity.  No one is ever responsible for their actions, or their problems.  Its always pass the buck.

Unfortunately, that is the truth. People are less and less patient and always want things now. People want the price to boom and cash in their investments quick. Everyone wants something for nothing.

Why don't you use the strategy and be glad no one is stealing your secret?

Trust me I am!  ;D

Uncertainty spreads easily. Most online communities are drama addictive but it's not like members of the forums you're visiting are the leading forces of this market. Bitcoin communities I can think of react to the market's movements, they don't create them. I don't see a reason a big trader would take advice from internet strangers anyway.

I don't care of the price of bitcoin, be it any, i will still hold it and never loose my trust.
At least bitcoin is better than the fiat we use for our day to day tasks, in a limited supply.
So in the end their prices will remain high as always, people gets scared of small time fluctuations and start selling their bitcoins and bringing prices more down.

There are very very few big traders in the Bitcoin market. You can't trade BTC with a lot of money, if you come into the market with couple of a million dollars and you leverage it 5:1, you are going to move the market and that's not always very good, because you can shoot yourself in the leg very easily.

While 5:1 sounds very unlikely for large trades I'll agree that it's easy to shoot yourself in the foot while trying to move the market. Out of all traded commodities, bitcoin probably needs the best risk tolerance.

you're new here, right?

I don't think you will see many seasoned vets complaining. Most of them are making money shorting BTC. They also know these swings happen. Its the new guys/gals who are not use to the market that complain.

Most already probably sold off some.

But they know they`ll buy back in again when its cheaper. I for one am not a seasoned vet for trading, but I`ll hold despite the drama.

it's strange because he is from November 2013, the same month where the last ath started and achieved 1200 in few days, his post seems contradictory

it's surely possible for bitcoin to reach 10k from 200, in a months or so, there is no need for a gradual rise, if suddenly many people begin to use bitcoin and the demand increases like crazy this will reflect the price

Ask the people who invested in Cabbage Patch dolls and Franklin Mint collectables how long-term holding worked out.

This is exactly how I feel. Bitcointalk has turned into a crying and consolation forum ever since the XT debate started and we had a price drop.

Don't worry, these are mostly the people that planned to get rich with Bitcoin over a night. It doesn't go like this in the real world. Time is needed and patience. This is a battle, and will be a long battle full of ups and downs. We need to learn to enjoy a ride and toughen it up and results will come eventually.

I really fear of this range price ......... after each range price in long time we saw a crashing storm ..........

I think collectable Cabbage Patch Dolls are a bit different to a decentralized currency. Bitcoin will very likely go up and down for quite some time but I think it has a long life ahead of it and the potential for big gains is still huge.

Price swings are profit making opportunities for traders that know what to do. Great fun for traders but not so much for people who just bought coins.

Trade is gambling ........... all small trader will loss in long term ... like dice game that house edge never allow you be a winner a long term .......

Because of this %10 of traders are winner in the end .... These traders have so Money ,,,,, like million of dollars not like you or me with thousands of dollar........

That's true for the FX market for example, but not for trading BTC. If you have millions of dollars, there is not enough liquidity in the BTC market, so actually if you are a small trader, BTC is the best financial instrument to trade with.

this reminds me of 90% of fiat day traders are in the same boat.

Just cause its in a different form lol. Most people think they can make a good ton of money by "predicating" price.

whales make huge profits with their manipulation, they know much better what will happen because they are the market movers. small traders can only make a guess about the right time to buy in and when to sell.

The reason people are debating recent event is not because they believe bitcoin will fail in the long run, but because the price is probable to get a bit lower
before rising in meet with the halving that's happening next year. So why not wait a bit more with buy orders, or sell some of the stash and profit on the dip that's
coming our way, and they just rebuy lower and wait for the halving to do it's part.  People Traders are not dumb, or pu**ys, they just exploit what was given to make profit.

That is so true especially in the stock market. Most people buying in have no idea about the economy they are investing in and whine about how they are losing money with bitcoin. People need to know what they are doing before they try making a living trading Bitcoin.

so whats the best thing to do as a small timer?

just buy in when we see another $50 decrease? I think i`ll just focus on making more fiat if theres not much choice since its based on whales.

I would buy a small amount every week or X amount of time. That's what I do. And sure, if the price flash crashes, then I'll buy a handful.

Best action at this time is selling coins and waiting for good news ...............

The Cabbage Patch Dolls operation is still in business. (http://www.cabbagepatchkids.com/) They operate "Babyland General Hospital", where the babies come from. There are tours, fake nurses and doctors, and lots of baby stuff. Cabbage Patch Kids has been running since 1978, decades longer than Bitcoin.

It's a lot like Bitcoin. You have to believe.

Good news like the barclays one?

I monitor reddit but even those news doesnt seem to affect price.. I thought it was a huge thing.

Since a bank finally recognized bitcoin to a accepted payment towards at a bank. I guess not big enough..?

http://arstechnica.co.uk/business/2015/09/barclays-to-become-the-first-major-bank-to-accept-bitcoin/

It does not help that Bitcoin is limited by protocol to close to 2 transactions per second, by the 1 MB blocksize limit. So it does not matter how many banks decide to accept Bitcoin, Bitcoin simply cannot grow.

Things will change on 11 Jan 2016 - forking with either BIP 100 or BIP 101 . Most likely BIP 101 is likely to emerge winner in the consensus poll.