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Title: Losing faith in BTC... Post by: TheGodson on November 12, 2017, 08:46:00 PM Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. It feels pretty obvious to me that BTC is the best thing ever and BCH is built upon greed, but I'm not entirely confident that either will win in the end anymore.
The huge boost in BCH overnight makes me wonder if anything in the crypto world is legit. Seems like everything is based upon greed. All the figure heads that are suppose to support BTC started being like "oh yeah, BCH is the new bitcoin now guys". John Mccafee (yup, the guy who said he'd eat his own dick on TV if BTC doesn't make it to $500,000 by 2020) is all like BCH is the solution blah blah blah. I figured okay, people are getting paid off to say stuff like this, he's a miner after all so he's looking for money. But then I started reading the core developer's tweets. They either don't talk about BCH, but even some of them were talking about BCH taking over. I get that pump and dumps are going to happen, but when developers are switching to BCH this means either two things. One, BCH will become the new BTC. Two, developers are greedy and care about making money than BTC. Another part of me wonders whether this was a pump and dump or not. Perhaps BCH really is better now. Decentralization, limited supply, medium of exchange, store of value. These words are thrown around a lot when describing BTC, but it just seems to me that people really care only about money. When the developers are like this, that is means for worry. This means people will make changes to BTC strictly for hype to make money, even if it actually hurts the security of the coin. The only figure head in the crypto world that I feel is trustworthy is the creator of LTC. My reasons are this: 1) He hasn't pumped the crap out of Litecoin with false propaganda 2) He was awkward on TV when talking about Litecoin 3) Intuitively seems more genuine Last night has left me depressed all day today. I'm very bothered by this. I feel like if I go with BCH I lose. If I go with BTC I lose. I feel like BTC is the good guy and BCH is the evil guy. However, BCH might win in the end. I see possible +EV with BCH though. So last night I caved guys. I caved. I feel sad but I did. I bought BCH which I thought I would never do (I didn't sell most of my BTC, It is like a hedge I suppose). Just seems like the +EV thing to do. Couldn't figure out if it was a pump/dump or a takeover so went with my limited knowledge. If BCH makes it to $3,000ish I will dump some of my BCH for BTC again. I'm distraught guys and not in a good way either. I kind of feel like I might be getting played, but I might be making the right decision. Title: Re: Losing faith in BTC... Post by: klarki on November 12, 2017, 08:48:43 PM It was a temporary phenomenon. Soon all will return into place.
Title: Re: Losing faith in BTC... Post by: Rubberduck59 on November 12, 2017, 08:55:19 PM Yes, everything will return back to normal. Nonetheless todays events has shocked the community and people on the verge might have taken a different side now.
Title: Re: Losing faith in BTC... Post by: EcoChavCrypto on November 12, 2017, 09:12:19 PM I have lost some faith in bitcoin, but it does not mean that i will move all my funds to bitcoin cash or just to another crypto because of this whole panic in the forum.
I have made a profit of about 0.50 because of bitcoin cash. I was trading with btc/bch in the last night, and it was very profitable because i could make some profit when it was $1300 and suddenly it touched $1900, so i was lucky i guess. But i am not going to move all my funds in there, i still trust in bitcoin and i know that it has a lot of potential to keep going up. Title: Re: Losing faith in BTC... Post by: illinest on November 12, 2017, 09:16:21 PM Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. It feels pretty obvious to me that BTC is the best thing ever and BCH is built upon greed, but I'm not entirely confident that either will win in the end anymore. Anything that rises and falls that quickly is a pump-and-dump. Frankly, I think it's embarrassing that the #2 cryptocurrency by market cap could rise like that on thin liquidity and drop 50% in value in less than an hour. It traded like an altcoin -- completely manipulated. And remember, that spike at the top was probably due to Roger Ver. He moved at least 25k coins to Bitfinex which were publicly identified from voting on Bitcoin.com. That kind of pumping of BCH and dumping of BTC is not sustainable. Time will tell, but we need to let the market do it's thing. Title: Re: Losing faith in BTC... Post by: Clark05 on November 12, 2017, 09:16:37 PM for sure bitcoin price will backa again to the 7000 dollars and even the price decreease its all experiencing the price du,ping and thats normal. if you compared the price before and today its totally different and the price is very high even the price decrease. dont worry!
Title: Re: Losing faith in BTC... Post by: 1Referee on November 12, 2017, 09:17:22 PM Bitcoin Cash has very wealthy entities to back up its market, and pump it if needed. People however are delusional enough to do the pumping for them, and thus allowing large BCC holders to dump their stash on frightened chickens thinking BTC is losing it. Anyone thinking that BCC has even a slight chance of succeeding is nothing more than a fool. BCC is an obsolete shitcoin that came into existence due to the greed of a few malicious entities. Basically ANY altcoin nowadays has more to offer than BCC, but yet people fail to see that due to their greed and fear.
Title: Re: Losing faith in BTC... Post by: sylance on November 12, 2017, 09:19:54 PM People need to stop reacting to individual events. If these activities continue for several weeks then I may begin to worry, but right now this is a small blip in the history of bitcoin.
Title: Re: Losing faith in BTC... Post by: ricknamer on November 12, 2017, 09:21:15 PM Why is there always such panic? We are just having another correction caused by the cancellation of the SegWit2x hardfork. It is just a matter of time before everything gets back to normal. We have 180k unconfirmed transactions. Don't you think it is suspicious that it happens right after some group claimed that they have 30% of the hashrate? Bitcoin hashrate dropped almost by 50%. I would normally agree - we've seen a decent sized correction - we're back to values from only 30 +/- days ago. HOWEVER - what scares me is the sudden and seemingly organized movement of the hashing power from one coin to another. Price correction is not the same as major miner migration. Title: Re: Losing faith in BTC... Post by: p3ppymon on November 12, 2017, 09:23:01 PM It is not possible to loose faith in something which you have been worshipping till couple of days ago. A series of events made a sudden change in the current but this does not mean that everything is lost. People who believe in the project will still push behind and lead even in difficult moment. It is in difficult moment that support is much needed.
Title: Re: Losing faith in BTC... Post by: tsvekric on November 12, 2017, 09:27:49 PM I see a lot of people saying this will correct and the currency will return to 'normal'
What is the 'normal' it will return to? Will transaction wait times go back to one block? Will fees shrink or ever go back to being able to transact feeless? Will this currency ever be used like a currency again? Will I ever be able to make microtransactions? Will I ever be able to send transactions with many small inputs? Will I ever be able to buy a cup of coffee with bitcoin? What's the point of this "currency" any more? People are seriously comparing btc transactions to Western Union now saying that $10 fees aren't that bad. This is not the bitcoin world I came to circa 2012. Title: Re: Losing faith in BTC... Post by: chuckblocker on November 12, 2017, 09:30:48 PM Some guy paid 20$ in fees and wasn't confirmed whole day. It's a big joke lmfao
Title: Re: Losing faith in BTC... Post by: felicita on November 12, 2017, 09:30:55 PM ima also wondering about the bitcoin cash trend !
but iam still holding my bitcoins ! 5000$ is still great value hope the 7000 comes soon back !! kind regards Title: Re: Losing faith in BTC... Post by: wisdomcn on November 12, 2017, 09:31:49 PM Well for me I know every thing in life have a difficult time, now bitcoin is facing it's own difficult time. I will regain it strength and the price will raise up and even go across what the price have ever reach before now. I don't have to lose my confident in bitcoin, because I believe that the price of bitcoin will raise up again
Title: Re: Losing faith in BTC... Post by: mhmhmh1111 on November 12, 2017, 09:35:03 PM if bitcoin cash really takes over bitcoin..then i think this makes the whole cryptoworld feel shady and will turn people away..just seems crazy that bitcoin this bitcoin that and then all of a sudden "bitcoin cash" is prime to be #1? just shows crypto currency is shady as fuck
Title: Re: Losing faith in BTC... Post by: tomahawk9 on November 12, 2017, 09:36:28 PM Who else is losing faith in BTC? No one, except the newcomers, and soft minded people who panic sell when there's a correction in the price.I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. Really? just because the price went down thanks to a group of people attacking BTC now you think Bitcoin won't change the world? really? if you believe in Bitcoin and it's techinology, you wouldn't be saying that right now. The huge boost in BCH overnight makes me wonder if anything in the crypto world is legit. wait, you thought anything in in the crypto world was legit? anything? sounds to me like you had no idea what you got yourself into.Another part of me wonders whether this was a pump and dump or not. Perhaps BCH really is better now. If you've been active reading posts in the forum, or in social media, then you should be aware of what's happening. If not, then you should read some more. But if think "BCH really is better now" well then, go and enjoy your altcoincash. No one's gonna try to change your mind.Decentralization, limited supply, medium of exchange, store of value. These words are thrown around a lot when describing BTC, but it just seems to me that people really care only about money there are people who care about the money (investors, holders, miners, etc) , there are other people working to make the techonology better, but at the end of day, who cares? The only figure head in the crypto world that I feel is trustworthy is the creator of LTC. perhaps LTC is better suited for you.Last night has left me depressed all day today. I'm very bothered by this. I feel like if I go with BCH I lose. If I go with BTC I lose. I feel like BTC is the good guy and BCH is the evil guy. what's this good guy/evil guy stuff? what? and you say you're feeling depressed from all the stuff going on right now, so? sorry to inform you but this forum isn't a support group, you probably go outside, enjoy the fresh air and stop thinking about cryptocurrencies. My advice, because I think you're a good guy who's just baffled by the whole situation: Hold your coins. Title: Re: Losing faith in BTC... Post by: Yakamoto on November 12, 2017, 09:36:39 PM Why is there always such panic? We are just having another correction caused by the cancellation of the SegWit2x hardfork. It is just a matter of time before everything gets back to normal. We have 180k unconfirmed transactions. Don't you think it is suspicious that it happens right after some group claimed that they have 30% of the hashrate? Bitcoin hashrate dropped almost by 50%. People are always panicking because there is no authority to appeal to, no overarching entity that can be blamed for events, etc. People do not like having their money in something that they have to rely on other people to not mess up. It's why we see the same people day in day out thinking there is going to be some sort of other crypto which will come along and replace Bitcoin, partially because some people want to stir things up and troll and also because people know a lot of the community is vulnerable to FUD because there is not real source for news and it is always based on people's interpretations. Out news sources don't even report consistently a lot of the time, amplifying the issues.Title: Re: Losing faith in BTC... Post by: jekjekman on November 12, 2017, 09:37:07 PM As you said most of them are 'greedy and care about making money', so you care about your investments too I think but it does make you greedy? you are losing faith with Bitcoin because the price of it goes down not because of the Segwit2x cancellation or maybe I'm wrong.
Quote “Our goal has always been a smooth upgrade for Bitcoin. Although we strongly believe in the need for a larger blocksize, there is something we believe is even more important: keeping the community together. Unfortunately, it is clear that we have not built sufficient consensus for a clean blocksize upgrade at this time. Continuing on the current path could divide the community and be a setback to Bitcoin’s growth. This was never the goal of Segwit2x.” This statement for me is an honest and trustworthy developer right there though he prioritize what matters best instead of pushing something that may result for a worst scenario.Investments have always risk in it and we can't blame people for panicking or losing trust with Bitcoin but if this event will be surpasses by the developers with a better solution then the rocket will soon kiss the moon's surface. Bitcoin is facing now a serious make or brake thing for it and the 10th years anniversary of this digital currency is nearing soon so if it outlast the controversies within the past years then we just hope that it will do the best again this time. Title: Re: Losing faith in BTC... Post by: bergenic on November 12, 2017, 09:40:23 PM Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. I have a bit similar thoughts. I haven't followed the crypto world for long time, but I was a bit shocked of the manipulation and the sheer will to cripple BTC. Earlier I had thought it'd be more like crypto people vs the evil bankers (and the rest). But it seems there's so much politics and greed and all kinds of crap inside the crypto world as well. If this kind of manipulations are done now, what happens when wall street joins? Price manipulation is one thing but the jamming the blockchain was something that really bothered me. The power of miners etc. It's also very difficult to know what's really going on due to all the mixed messages. Many people say publicly one thing trying to influence others, while they might secretly do the opposite in the exchange. There are all kinds of theories going on of the segwith2x cancellation too. First everyone was cheering and opening champagne bottles after it was canceled, but now it feels like that was just bs and the community is torn apart. I have faith in cryptos in general but what I've done is I converted my bitcoins to other cryptos (not to BCH, though). I don't want to have so much of my investments in BTC since that's the crypto, which will be targeted in the future as well. To put it this way: if BTC goes up -> ;D But if BTC goes down a lot, it doesn't ruin my entire day. Anyone else thinking the same? Title: Re: Losing faith in BTC... Post by: Nevis on November 12, 2017, 09:44:44 PM Dont lose hope on bitcoin just because of that reason,BCH i think just got hyped and big whales on trading exchange sites are just making that hype as a fast source of earnings and bitcoins.Look at how it moves its not convincing aswell
Title: Re: Losing faith in BTC... Post by: rainbow169 on November 12, 2017, 09:45:29 PM I share some of OP's thoughts about the BCH pump, it's clearly coordinated, especially when you go to Twitter and all the tweets from people you usually read and trust. However, we will just have to face this, this sort of diverge is bound to happen some time, it's probably best that this happened earlier than later. In a week or two, people will talk about bitcoin again.
Title: Re: Losing faith in BTC... Post by: maokoto on November 12, 2017, 09:46:33 PM Yes, it is something that make me think a bit too... but yet BTC is much higher than it was 3 months before. I think we should judge in a longer time span.
Title: Re: Losing faith in BTC... Post by: Thaalbi on November 12, 2017, 09:47:53 PM Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. It feels pretty obvious to me that BTC is the best thing ever and BCH is built upon greed, but I'm not entirely confident that either will win in the end anymore. The huge boost in BCH overnight makes me wonder if anything in the crypto world is legit. Seems like everything is based upon greed. All the figure heads that are suppose to support BTC started being like "oh yeah, BCH is the new bitcoin now guys". John Mccafee (yup, the guy who said he'd eat his own dick on TV if BTC doesn't make it to $500,000 by 2020) is all like BCH is the solution blah blah blah. I figured okay, people are getting paid off to say stuff like this, he's a miner after all so he's looking for money. But then I started reading the core developer's tweets. They either don't talk about BCH, but even some of them were talking about BCH taking over. I get that pump and dumps are going to happen, but when developers are switching to BCH this means either two things. One, BCH will become the new BTC. Two, developers are greedy and care about making money than BTC. Another part of me wonders whether this was a pump and dump or not. Perhaps BCH really is better now. Decentralization, limited supply, medium of exchange, store of value. These words are thrown around a lot when describing BTC, but it just seems to me that people really care only about money. When the developers are like this, that is means for worry. This means people will make changes to BTC strictly for hype to make money, even if it actually hurts the security of the coin. The only figure head in the crypto world that I feel is trustworthy is the creator of LTC. My reasons are this: this tomporary btc is king in 2018 valor 10000$ 1) He hasn't pumped the crap out of Litecoin with false propaganda 2) He was awkward on TV when talking about Litecoin 3) Intuitively seems more genuine Last night has left me depressed all day today. I'm very bothered by this. I feel like if I go with BCH I lose. If I go with BTC I lose. I feel like BTC is the good guy and BCH is the evil guy. However, BCH might win in the end. I see possible +EV with BCH though. So last night I caved guys. I caved. I feel sad but I did. I bought BCH which I thought I would never do (I didn't sell most of my BTC, It is like a hedge I suppose). Just seems like the +EV thing to do. Couldn't figure out if it was a pump/dump or a takeover so went with my limited knowledge. If BCH makes it to $3,000ish I will dump some of my BCH for BTC again. I'm distraught guys and not in a good way either. I kind of feel like I might be getting played, but I might be making the right decision. Title: Re: Losing faith in BTC... Post by: elliottflz65 on November 12, 2017, 09:49:20 PM I think there's a lot of people who are currently uncertain about Bitcoin due to the recent news about the fork being cancelled and it being attacked by several different alt coins and technologies. I think it will come out stronger personally.
Title: Re: Losing faith in BTC... Post by: Preclus on November 12, 2017, 09:58:02 PM Imagine there were only 10 people in the entire bitcoin community. And they bought and sold bitcoin at higher and higher prices.
They certainly could. One person could pay $10 for a bitcoin. Another could pay $10 for half a bitcoin. Another could pay $10 for 1/100 of a bitcoin. Now, let's say they cashed out. Where does the money come from? The only money in bitcoin is the actual cash people are putting in the game. The only way one person can make money is if someone else can lose money. And at the same time, the miners are taking money out of the game and the exchanges are taking money out of the game. Bitcoin is a zero sum game. I don't care if you call it a pyramid scheme, ponzi scheme or anything else. The one thing you need to understand is that if you are going to make money, someone is going to lose money. If you spend $3000 on bitcoins, someone else just got your $3000 minus transaction fees (and exchange fees). You then have a hope someone else in the game will buy your bitcoins for actual money in the future. That is all you have. Just realize that is the game you are playing. And then understand that you aren't at the bottom of the pyramid. You don't have coins you bought for $1 or less. And there are a lot of people who do. So, they will make money. Who will they make money from? Title: Re: Losing faith in BTC... Post by: SyGambler on November 12, 2017, 09:59:10 PM personally the recent BTC problems are really annoying me , as a person who lives in a 3rd world country yes bitcoin is a good store of value for people in my country and other some countries , but come on the fees are now over 8$ and people here can't afford that
I still hear store of value BS , but people here don't even get 100$ a month so if they want to "store their value " they have to spend like 5-10% of their salary just on fees at the end I still believe that nothing can replace bitcoin , but the transactions are really a serious problem with such fees Title: Re: Losing faith in BTC... Post by: btcwish1 on November 12, 2017, 10:01:41 PM It's not the 'price going down' of btc that makes people nervous, It's the huge increase of BCH at the same time is the one that makes BTC holder nervous and shaken!
The situation makes people wonder , the whole crypto world is not any different than the FIAT currency world. The group of elite is controlling the whole industry. Whenever they want, they can pump and increase the price of any crypto and make some other currency go down!! It's all same bullS** at the end of the day? This ceases the whole purpose creating cryptocurrency... :-\ :'( Title: Re: Losing faith in BTC... Post by: sunsilk on November 12, 2017, 10:02:36 PM Mostly that those people that are losing faith in bitcoin are the new comers. Those young ones that aren't aware that this has been happening before.
They didn't know what they are entering and just riding the hype before with bitcoin and now that it was attacked they can't take it any longer. Well this is why all of investments are risky, there's no permanent gain if you are looking into it for a short time. We'll pass this day later on keep the faith and just HODL. Title: Re: Losing faith in BTC... Post by: Zicadis on November 12, 2017, 10:04:34 PM No need to panic, such are a common phenomenon that happens in the world of cryptocurrencies and one fact I know for sure is Bitcoin cash will never be bitcoin! BCH is an altcoin, period!
Title: Re: Losing faith in BTC... Post by: kotajikikox on November 12, 2017, 10:09:24 PM i always believe bitcoin continue to become famous around the world so far bitcoin not totally dump ithink its part of cycle being currency always hoping bitcoin help to the community give good life in the future.
Title: Re: Losing faith in BTC... Post by: Shenzou on November 12, 2017, 10:10:38 PM It's not the 'price going down' of btc that makes people nervous, It's the huge increase of BCH at the same time is the one that makes BTC holder nervous and shaken! I mean we have faced and gone through too much to just give up now, all the poeple who have used bitcoin for quite some time know that whatever happens the bitcoin will always come back again, and lets face it we have invested in this cryptocurrency world, and these currencies are unstable and could have dramatic increase or decrease at any time, and they are hard to predict so people might be switching to btc cash but it is alos unpredictibale and it could go down at any time, all we can do know is just wait and see what the next few days will bring.The situation makes people wonder , the whole crypto world is not any different than the FIAT currency world. The group of elite is controlling the whole industry. Whenever they want, they can pump and increase the price of any crypto and make some other currency go down!! It's all same bullS** at the end of the day? This ceases the whole purpose creating cryptocurrency... :-\ :'( Title: Re: Losing faith in BTC... Post by: hakuna on November 12, 2017, 10:13:05 PM BTC in the past month had quite a run. I would lose faith when I will see it again at 1000. Now it is experiencing a simple correction.
I would relax and avoid listening to scared comments on the Web. Title: Re: Losing faith in BTC... Post by: colombuszka on November 12, 2017, 10:15:58 PM BTC in the past month had quite a run. I would lose faith when I will see it again at 1000. Now it is experiencing a simple correction. If BTC would go below 1000$ again:I would relax and avoid listening to scared comments on the Web. You would lose faith, clever investors would get a great opportunity. Don't be pressed about price guys, everything will get back to normal, time is the key! Title: Re: Losing faith in BTC... Post by: coindetective on November 12, 2017, 10:17:46 PM Well OP, do you usually give up on stuff as soon as a few rough days emerge?
You ll dump BTC for Bitcoin Cash and then what? You ll put your money into a few greedy miners and huge farms and they re going to take good care of you and your money. What do you think why do they try to create problems for BTC? So that sheep who invest into BTC and are still new to the system would get panicked and buy Bitcoin Cash at a premium price so they could DUMP it on them. Today was a perfect example of that? Bitcoin Cash was pumped to 0.5 BTC and then dumped to 0.2 BTC. Where are the people who bought Bitcoin Cash at 0.4 or 0.5? Ha? Are you not entertained now? Title: Re: Losing faith in BTC... Post by: yaking on November 12, 2017, 10:18:25 PM I hope everything will turn normal aswell ???
Title: Re: Losing faith in BTC... Post by: SMB-2525 on November 12, 2017, 10:22:20 PM One other possibility to consider is that there are new players entering crypto from Wall Street.
Their goal will be to shake the BTC out of "weak hands" for as little outlay as possible, then run it up. My question is was the top at $8,000 and now they are rotating into BCH? Or will the top be much higher. I suspect much higher. I suspect that the BCH price will hold because so many coin were sold early on - presumably into strong hands. Today I used some of my BCH to buy a miner from Bitmain. Since they only sell for BCH right now, the price was 25% of what it was last month. If Bitmain does not cancel the order, then they are certainly committed to the current BCH price level and higher. Otherwise, I am sitting on my handful of BTC and BCH. I think the future is good for both. Title: Re: Losing faith in BTC... Post by: loragean03 on November 12, 2017, 10:29:12 PM I think you are just in panic situation, when you are in panic you cant decide whether it is right or not, panic makes you uncomfortable so to release that felling you decided to buy bch even it is not right for you, we are all in business to make money so if you think it is right to do, go on. But think it twice because our bitcoin has a big name in this world so more and more fake news and propaganda are shown all over the net, so the existance of those fakes news and propaganda are make us more panic to choose which is better one. For me i will always have faith in bitcoin and still holding on for the next 2-3 years.
Title: Re: Losing faith in BTC... Post by: JoeMue on November 12, 2017, 10:29:48 PM Let's face the truth: bitcoin is growing - that's what we were all hoping for. But Bitcoin can no longer handle the amount of transactions. Segwit changed NOTHING. If the blocksize will not be increased, bitcoin is going to die slowly and other coins will take over. Kick the developers asses as hard as you can and force them to increase the block size. NOW!
Title: Re: Losing faith in BTC... Post by: szpalata on November 12, 2017, 10:34:37 PM for sure bitcoin price will backa again to the 7000 dollars and even the price decreease its all experiencing the price du,ping and thats normal. if you compared the price before and today its totally different and the price is very high even the price decrease. dont worry! That's how we all have come to know of bitcoin. It always certainly recovers and gains its previous value after each huge dip. The value might be decreasing but at any rate i bet it will certainly rise back up again if you can exercise a little patience. Title: Re: Losing faith in BTC... Post by: Maestro75 on November 12, 2017, 10:39:21 PM No one should expect a smooth ride in business all the time. It confuses me how people talk down on btc whenever it makes a correction. Corrections are part of the instruments that give a coin its genuine status. For me, only the weak minded are losing faith in btc. I believe BTC will surely get on bullish.
Title: Re: Losing faith in BTC... Post by: BitPlace on November 12, 2017, 10:40:48 PM No I don't lose faith in bitcoin. The bitcoin price is going down now but I did not take it as a disadvantage, but instead I take it as an advantage to buy more bitcoin because it becomes more affordable for me to invest in it. When the price of bitcoin increase again I will have a bigger chance of getting more profit because I will buy bitcoin now that the price is down.
Title: Re: Losing faith in BTC... Post by: worthy1 on November 12, 2017, 10:41:00 PM Imagine there were only 10 people in the entire bitcoin community. And they bought and sold bitcoin at higher and higher prices. They certainly could. One person could pay $10 for a bitcoin. Another could pay $10 for half a bitcoin. Another could pay $10 for 1/100 of a bitcoin. Now, let's say they cashed out. Where does the money come from? The only money in bitcoin is the actual cash people are putting in the game. The only way one person can make money is if someone else can lose money. And at the same time, the miners are taking money out of the game and the exchanges are taking money out of the game. Bitcoin is a zero sum game. I don't care if you call it a pyramid scheme, ponzi scheme or anything else. The one thing you need to understand is that if you are going to make money, someone is going to lose money. If you spend $3000 on bitcoins, someone else just got your $3000 minus transaction fees (and exchange fees). You then have a hope someone else in the game will buy your bitcoins for actual money in the future. That is all you have. Just realize that is the game you are playing. And then understand that you aren't at the bottom of the pyramid. You don't have coins you bought for $1 or less. And there are a lot of people who do. So, they will make money. Who will they make money from? Well said! People are happy to brush things off as just a 'pump and dump' yet BTC has major pumps for no reasons and then when it drops they will just call it a 'correction'. It can move just as manipulated as alts. I admire peoples commitment to BTC but you are playing a dangerous game to. Times change and there is no reason the crypto world wont either. Yes BTC has had drops in the past from events (although the crypto world is not meant to be effected from events) but I wouldn't be complacent in thinking it will always survive them. These events can turn people off BTC, newcomers and recent investors. Constant volatility can kill it and any coin if it keeps happening. No one knows what will happen in the crypto world and that's the scary part that no one should be confident over. Title: Re: Losing faith in BTC... Post by: moneyalchemist on November 12, 2017, 10:43:29 PM BTC > Jihancoin/Vercoin
Title: Re: Losing faith in BTC... Post by: Spendulus on November 12, 2017, 10:57:52 PM Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general...... A tempest in a teapot. It will amount to nothing. Title: Re: Losing faith in BTC... Post by: burnedbyfees on November 12, 2017, 10:58:21 PM Thing is though, I love bitcoin and my alts, I'm in no way spreading fud here, but I think what Roger Ver and mates are doing with this coordinated attack on Bitcoin risks bringing down the whole thing. I don't mean Bitcoin, I mean cryptocurrencies.
Outsiders know Bitcoin only, they see it doing well and they think about getting in, replace it with Bitcoin Cash and say goodbye to crypto growth as a whole, who would trust it? "What's this Bitcoin Cash thingy? What happened to Bitcoin?" Same with traders. Mostly I trade alts to get more BTC, it's the coin you use to measure all others and something you know will hold value, take that away and trading will become unstable to the point of it being blind gambling. It would also show that a tiny group of people can control the whole thing through underhanded manipulation, so it's no better than fiat. Not decentralized or new at all, just a different delivery system for the little guy getting fucked again. By this Bitcoin cash pumping to satisfy the greed of a few, we risk everything. Cryptocurrencies could become a joke and the people who said it was all tulipmania would be right. You watch, if it happens I'll remind people of this post when it all comes crashing down, though it will be little consolation because I'll be broke. Title: Re: Losing faith in BTC... Post by: sn08btc2140 on November 12, 2017, 10:59:12 PM :)My fear My Signs and that you're doing everything fast
come if the BTC Boat is sinking and getting everything done in a hurry are hurt I hope all the community of cryptographers when they see that the BCH capitalization has reached a 2-position stop for a moment to reason and to evaluate the pros and cons of such a rapid and massive passage :o Title: Re: Losing faith in BTC... Post by: Wonder_woman on November 12, 2017, 11:02:20 PM As of today as we can see bitcoin is still expensive and if tgere is still downfall that is common to the market pattern of bitcoin. There is no need to worry because it will return into it and will be more expensive soon.
Title: Re: Losing faith in BTC... Post by: BitHodler on November 12, 2017, 11:05:23 PM I have seen similar threads pop up at the time Bitcoin was tanking and other coins were gaining value. In some cases I can understand that people have doubts, but all these doubts can be cleared by properly understanding Bitcoin.
If you also understand how this market reacts to coordinated altcoin pumps and spam attacks on Bitcoin's network, it would be clear to you that everything happening right now is just a short term occurrence. If you can't handle the market in current state, then just take a break from everything related to crypto. People are known for doing things in these circumstances that they will later regret. Title: Re: Losing faith in BTC... Post by: dave111223 on November 12, 2017, 11:05:41 PM People who bet too much on BCH will have a hard return on earth, you can quote this ;)
Title: Re: Losing faith in BTC... Post by: dave111223 on November 12, 2017, 11:06:51 PM Not only the BCH will not replace the BTC, but once the BTC will beat it in few days, it will have no more obstacle to reach 10k and all of those people who sold low will have only their eyes to cry
Title: Re: Losing faith in BTC... Post by: Indrawan77 on November 12, 2017, 11:08:47 PM It is funny to see people losing their faith because of the small incidents, coin pumping is a common things, the whale will choose coin to pump and dump and this time they choose bch, crypto currencies is decentralised world so everything will be up and down, it is stupid to dump bitcoin for alt coins, bitcoin already rising so fast so it's normal to have a drop price and corrections
Title: Re: Losing faith in BTC... Post by: berluscoin on November 12, 2017, 11:09:11 PM Cryptocurrencies represent one of the biggest innovation of these years, but at the moment, unfortunately, they are also one of the biggest scam in the history.
I wonder how many people made millions (and billions) by manipulating the market. I'm not talking about bitcoin cash only, I'm talking about cryptocurrency world in general. It's such a shame. Title: Re: Losing faith in BTC... Post by: steveouttrim on November 12, 2017, 11:09:47 PM Diversify from BTC. Invest in the expansion of the whole sector, by support ICOs.
ETH seems very stable in comparison. Almost like they are trying to deliberately downplay it. BitCoin has the brand value, but it seems unlikely that it can last forever. So far it has shown remarkable resilience, but when it drops it drops hard - and everyone starts to say "the end is nigh!" Be greedy when others are fearful and fearful when others are greedy. Title: Re: Losing faith in BTC... Post by: exstasie on November 12, 2017, 11:09:56 PM People need to stop reacting to individual events. If these activities continue for several weeks then I may begin to worry, but right now this is a small blip in the history of bitcoin. I tend to agree, but it depends on a few factors. One interesting aspect to this debacle is that Bitmain has a fairly strong hold over the mining hardware market. And they're now only accepting BCH for payment. This slows down any process by which retail miners (even at the industrial scale) could use their hash power to tip the scales towards BTC. They need to liquidate and buy BCH (propping up the BCH price) to accumulate new hardware. In the end, though, the supply of available BTC to dump held by Roger Ver and Jihan Wu is limited. This isn't sustainable. Title: Re: Losing faith in BTC... Post by: burnedbyfees on November 12, 2017, 11:11:44 PM People who bet too much on BCH will have a hard return on earth, you can quote this ;) Thankfully, I agree. If the manipulators pulled it off though the whole thing would be fucked, but I'm glad to see the rise of BCC has not got any grassroots support at all, and is about as popular as herpes. If it was going to succeed it would have happened by now, with Roger's millions behind it, mining pools and sabotage and it's BTFO by the market, who clearly wants Bitcoin. Title: Re: Losing faith in BTC... Post by: no0dlepunk on November 12, 2017, 11:18:36 PM I feel you, OP... McAfee's switch to BCH shook my faith very very hard. I have 3 bitcoins on hand and 3 bitcoin cash on the other. This sick event will definitely make me a little bit richer in fiat if I would sell today, however, I bought bitcoins not because of anything else but my belief in Satoshi's vision. This Roger Bullshit Ver will definitely give some of our money to the government very soon... He'll pay taxes either full or half of it.
I cannot speak up and tell you guys to never lose hope in BTC because I already did. But I will hold until the last value of it... I WOULD NOT LET MY GREED CONTROL MY VISION. MY VISION IS TO SPEND AND RECEIVE PAYMENTS WITHOUT GIVING A SINGLE DIME TO THE GOVERNMENT... and I don't think BCH will be like that. If few people could manipulate, then the government could. Title: Re: Losing faith in BTC... Post by: honeyb0y on November 12, 2017, 11:19:06 PM Yes Bitcoin's price can be manipulated by some whales right now, it is because as of now it is just a game of who has most of the coins. But once the time comes that Bitcoin is used as a currency, businesses accepting bitcoin as a mode of payment then those whales can't do anything about the price anymore, they can't manipulate it.
That is what they want to happen they want people to loose faith in BTC and convert to an alt coin then once the price is low they will buy BTC again. Don't get fooled guys. Title: Re: Losing faith in BTC... Post by: squatter on November 12, 2017, 11:24:16 PM It is funny to see people losing their faith because of the small incidents, coin pumping is a common things, the whale will choose coin to pump and dump and this time they choose bch, crypto currencies is decentralised world so everything will be up and down, it is stupid to dump bitcoin for alt coins, bitcoin already rising so fast so it's normal to have a drop price and corrections You have to admit, though.... it's pretty weird for the #2 coin to trade like a pump-and-dump. This isn't like the days of Cryptsy. It took an incredible amount of money to pump Bitcoin Cash to those levels. I'm honestly still in awe, and I wonder if it can continue. After seeing the value of Bitcoin Cash drop in half in ~ 30 minutes last night, I figured it was over. Rising too quickly like that usually means no recovery for a very long time. But I'll admit that it's scary to watch this sort of manipulation. And it doesn't bode well for the approval of ETF's either, IMO. Title: Re: Losing faith in BTC... Post by: creeps on November 12, 2017, 11:27:00 PM Not only the BCH will not replace the BTC, but once the BTC will beat it in few days, it will have no more obstacle to reach 10k and all of those people who sold low will have only their eyes to cry That’s right, well i know bitcoin will overcome all those obstacles road to $10k watch out for this because any moment from now it will hit that top and beat all those people who think btc is dying. This is just the beginning of great coming years. Title: Re: Losing faith in BTC... Post by: Nobtcoin on November 12, 2017, 11:30:11 PM This is not the first time that the price of Bitcoin has fallen,soon after the price of bitcoin is restored. but let's not ignore that the boom in the bitcoin price in the last period was due to fork,which is the main reason.and this fork is postponed for an unknown time.
Title: Re: Losing faith in BTC... Post by: burnedbyfees on November 12, 2017, 11:34:35 PM It is funny to see people losing their faith because of the small incidents, coin pumping is a common things, the whale will choose coin to pump and dump and this time they choose bch, crypto currencies is decentralised world so everything will be up and down, it is stupid to dump bitcoin for alt coins, bitcoin already rising so fast so it's normal to have a drop price and corrections You have to admit, though.... it's pretty weird for the #2 coin to trade like a pump-and-dump. This isn't like the days of Cryptsy. It took an incredible amount of money to pump Bitcoin Cash to those levels. I'm honestly still in awe, and I wonder if it can continue. After seeing the value of Bitcoin Cash drop in half in ~ 30 minutes last night, I figured it was over. Rising too quickly like that usually means no recovery for a very long time. But I'll admit that it's scary to watch this sort of manipulation. And it doesn't bode well for the approval of ETF's either, IMO. I think Ver and pals are basically propping it up on their own. Yes they had an incredible amount of money and connections in cryptoland but they're burning through those funds and any goodwill they've had from others. I don't think they're pumping and dumping, just pumping. They were legit trying to cause a flip, soon they will be hated people with a whole helluva lot of a hated coin. They are destroying their rep, Bitcoin Cash's rep and their wealth, I really think they'll lose a lot of money on this madness. Title: Re: Losing faith in BTC... Post by: dinzerillo on November 12, 2017, 11:38:17 PM Just sell a little bit of your Bitcoin Cash since it has hit highs it will go down ... Turn it into BTC or cash. Then when it starts to go back up again either buy it or BTC....
Bitcoin Cash is a Altcoin.... it will never be the #1....it took years to be the #1... its like called pennis a dollar! FUcK YOU PENNY Title: Re: Losing faith in BTC... Post by: richardsNY on November 12, 2017, 11:43:49 PM Funny thing is that if the price went up from $1000 in January, to $3000 today as all time high, people would be excited and have full confidence in Bitcoin. But just because the price went down from $7500 to $5500 in the last days, certain people are switching to another coin and start heavily doubting Bitcoin's potential and future. It perfectly shows that these people are very easy to manipulate into a certain direction. Their mood is as volatile as the market is. Price going up, Bitcoin is great! Price going down, Bitcoin is not worth it anymore.
Title: Re: Losing faith in BTC... Post by: cammeyz on November 12, 2017, 11:45:17 PM I've too have lost a lot of faith and the feeling of safety in BTC.
All the hard forking drama of the past months and now this BCH takeover ... my money doesn't feel safe at all. If a few people manipulate the market this much and have this effect on something as big as BTC ....theres is something very, very wrong somewhere. It's relentless this BCH takeover, it's almost like it's one sided....from what I've read thought news, there is no defence aside from the odd thread. :( Title: Re: Losing faith in BTC... Post by: burnedbyfees on November 12, 2017, 11:52:46 PM I've too have lost a lot of faith and the feeling of safety in BTC. All the hard forking drama of the past months and now this BCH takeover ... my money doesn't feel safe at all. If a few people manipulate the market this much and have this effect on something as big as BTC ....theres is something very, very wrong somewhere. It's relentless this BCH takeover, it's almost like it's one sided....from what I've read thought news, there is no defence aside from the odd thread. :( I think you're overreacting. There's a huge defence... knowledge. The market has reacted very negatively to this takeover attempt. You have to realise just how much money and backing this had (they crippled Bitcoin transactions for days), and it still failed. I have the opposite reaction than you had, this actually made me feel pretty good that Btc is so resistant. Title: Re: Losing faith in BTC... Post by: finthebar on November 13, 2017, 12:02:16 AM I am glad to hear that I am not the only one with unconfirmed transactions. I guess I was unlucky to have a couple of transactions at this time. I think in a week or 2 everything will settle down again.
Title: Re: Losing faith in BTC... Post by: scottykarate on November 13, 2017, 12:03:38 AM I've too have lost a lot of faith and the feeling of safety in BTC. All the hard forking drama of the past months and now this BCH takeover ... my money doesn't feel safe at all. If a few people manipulate the market this much and have this effect on something as big as BTC ....theres is something very, very wrong somewhere. It's relentless this BCH takeover, it's almost like it's one sided....from what I've read thought news, there is no defence aside from the odd thread. :( I think you're overreacting. There's a huge defence... knowledge. The market has reacted very negatively to this takeover attempt. You have to realise just how much money and backing this had (they crippled Bitcoin transactions for days), and it still failed. I have the opposite reaction than you had, this actually made me feel pretty good that Btc is so resistant. Yeah, I agree. It seems like BTC took the best shot someone could try to deal it and it stayed standing. Sure, it dropped, but it could have tanked. It doesn't seem like the impact was any worse than other previous corrections. Those weren't an orchestrated attack, either. The last day or so have been. Title: Re: Losing faith in BTC... Post by: burnedbyfees on November 13, 2017, 12:03:48 AM https://imgur.com/a/TjgMB#K4aRJrW (https://imgur.com/a/TjgMB#K4aRJrW)
Title: Re: Losing faith in BTC... Post by: kier010 on November 13, 2017, 12:10:10 AM how long have you been following bitcoin? this is not new just like the previous bitcoin cash they would attempt to destroy bitcoin.
Title: Re: Losing faith in BTC... Post by: expert4knowledge on November 13, 2017, 12:11:02 AM Your faith was obviously not strong enough, do what you want but do not say we did not warn you
Title: Re: Losing faith in BTC... Post by: patt0 on November 13, 2017, 12:15:13 AM I understand what you are saying, but to be honest I think the best option is to do nothing, and in the future I will also keep my forks, instead of dumping them right away. If I had done that, I would still have BCH, and I would win either way. I'm not going to sell my BTC now, and trade them for BCH though. This is temporary, and you are right, the market can still be manipulated, and that's why I prefer to just do nothing and just hold my coins, so I don't get played.
I don't think BCH will overtake bitcoin. Right now, miners are switching to BCH. I totally get it, it's more profitable to mine BCH right now, because the price gone up, and the difficulty to mine it, is much lower than of BTC. Of course that the difficulty will adjust, and they will switch back to BTC again. As for what coin is better for the long run, I'm still going for BTC. Solving the scalability problem on-chain (increasing the block size for example) is just not the right solution. They can't keep doing it, otherwise it will be hard to run a full node in the future, because the blockchain will be huge. It could be a good temporary solution, but I really think that the best one is to solve it off-chain, with the segwit and everything that it offers (like the Lightning Network). As for investment, the financial markets talk about bitcoin, and not bcash, and this is not temporary in my opinion. Money will start going in to bitcoin, and not to bitcoin cash, so bitcoin is the real asset for store of value, and not bcash. So basically, this switch is just temporary and like you said, out of greed. I'm not concerned and I will just hold my coins. Title: Re: Losing faith in BTC... Post by: classicsucks on November 13, 2017, 12:24:25 AM if bitcoin cash really takes over bitcoin..then i think this makes the whole cryptoworld feel shady and will turn people away..just seems crazy that bitcoin this bitcoin that and then all of a sudden "bitcoin cash" is prime to be #1? just shows crypto currency is shady as fuck Funny, I see this attitude from many a Kore devotee. The same techniques that are boosting the BCH price have been used to pump BTC to the moon, but I guess you didn't have a problem with it back then? Wake up, crypto markets are unregulated - that's why so much money got pumped in from Wall St. They can use all of the techniques that are made illegal by SEC and FinCEN on the crypto exchanges, and even run their own fraudulent exchanges ( *cough* Bitfinex *cough*). But if you profit, who's to complain? Title: Re: Losing faith in BTC... Post by: burnedbyfees on November 13, 2017, 12:25:29 AM I am glad to hear that I am not the only one with unconfirmed transactions. I guess I was unlucky to have a couple of transactions at this time. I think in a week or 2 everything will settle down again. I have to say I think their temporary sabotage of Bitcoin actually might have worked against them. 700m dollars was tied up, that's 700m dollars from people who didn't know this was an orchestrated attack and who might have thought BCH at 0.45 BTC was an actual organic flippening going ahead. A lot of these people could have fomo bought BCH if they'd been able to move their money. But then word got around and people started realising what's happening and it failed. Title: Re: Losing faith in BTC... Post by: TomUyamot on November 13, 2017, 12:37:42 AM If your believe in Bitcoin was terribly shaken simply because of the very short pump of Bitcoin Cash, then I can tell you that your belief in Bitcoin is not strong enough. It is rather too shallow. Or perhaps you only believe what's strong and convenient to you. You now believe in BCH because of the pump? Try to be firm next time. Because right now that your belief in BTC is gone, its lost value has slowly been recovered. Will your believe shift again?
Title: Re: Losing faith in BTC... Post by: kaizerblitz on November 13, 2017, 12:42:00 AM I don't care about dumping is price. If you trust bitcoin can fly away again to the moon you should be calm. Dont' worry weak hands sell there bitcoin to buy BCH that's crazy joining to hype but maybe other day BCH will be dumping soon and all traders will buy again bitcoin.
Title: Re: Losing faith in BTC... Post by: javadsalehi on November 13, 2017, 12:43:00 AM Anyone knows bitcoin and the technology behind it and its use in future believe it and what happen in prices or similar things shouldn't matter.
Title: Re: Losing faith in BTC... Post by: StrikerEureka on November 13, 2017, 12:46:23 AM I also start losing faith in BTC not because the price dropped but because of all the people that just care about making profits and hoping to get rich quick. Of course it is nice to invest in a project you like and see it rise in value, but that should happen because BTC succeeds in being a globally scalable and privacy protecting currency and not because of some big whale market manipulation and pure speculation. At the moment it is just a big bubble and it either will pop or developers and miners get their shit together and make a great alternative currency
Title: Re: Losing faith in BTC... Post by: KourtneyK on November 13, 2017, 12:48:10 AM I still believe in Bitcoin and I do believe it was just a temporary spike to confuse the minds of those new traders and give them something to think about. I mean we all know that BCH was created as an alternate coin and that thing that happened was just another pump and dump phenomenon or maybe whales just wanted to confuse the heads of some traders especially the newbies.
Title: Re: Losing faith in BTC... Post by: The Sceptical Chymist on November 13, 2017, 12:49:22 AM Nah. Bitcoin has been infested with these sorts of dramas since its inception.
I am getting a little annoyed that I've got 3 transactions stuck in the blockchain, and it's beginning to feel like they're never going to get accepted. And one of those is a purchase that won't get shipped until after the 1st confirmation. That absolutely sucks, and I would have preferred to buy the item with doge or some other altcoin that doesn't have a mining war in progress and with a fee and confirmation time that's reasonable. But no, my faith is not shaken. I'm actually glad now that I sold all the bitcoin I had. The uncertainty is a bitch, but we'll get through it. Title: Re: Losing faith in BTC... Post by: namjey on November 13, 2017, 12:52:43 AM the bitcoin cash hard fork is coming soon (within 1 day). We will see if cash will survive or not. If survives... it may rise again..
Title: Re: Losing faith in BTC... Post by: 2bfree on November 13, 2017, 12:53:32 AM If BTC crashes to under 500 Euros I'll buy a bunch. In fact I hope that happens so I can stack up some more. Will it? Probably not. But you never know, people do irrational things.
Title: Re: Losing faith in BTC... Post by: martin1221 on November 13, 2017, 12:55:40 AM Rising of bitcoin cash is not as permanent as you thought, we should not have to panic to what happened in btc,after that upgrade of bch, the bitcoin will also be rise again and many people expect to that will happen
Title: Re: Losing faith in BTC... Post by: Groll22 on November 13, 2017, 12:56:15 AM I also think so, I am disappointed with the human being, the BTC was the chance to feel ownership of something important not controlled by people and companies with power. But the episode that occurred these days made me rethink, not by the fall of the price of the currency but by the vulnerability in which the network is. All the transactions are delayed because it frightens me to think that whoever controls Bitcoin is no longer the community, me, you or anyone with a PC and video card, but big miners with power to send on the net. We lost 45% of Hash, in bitcoin what was slow now got worse ... 30% only in the hand of a small group of billionaires. Where the consensus went, it's not worth it .... It all seems a well-designed plan since the New York agreement, to carry out this fork idea that we know now was not the right time, while the miners held millions in Bitcoin Cash waiting next to their adjustment adjustment withdrawal of difficulty, to dump all the coins and cause that Pump, now they with their 45% hash can mine the will and fill their pockets, while the developers of Bitcoin Cash earn as a reward the "CENTRALIZED" power of the new Bit[Suspicious link removed]d for everyone ... Despicable and Unfortunate. :'( :'( :'(
Title: Re: Losing faith in BTC... Post by: namjey on November 13, 2017, 01:00:44 AM this kind of situations show that crypto is not ready yet. So many thinks to be done. We just have to wait... but for now... I kinda lost hope...
Title: Re: Losing faith in BTC... Post by: ruskytailz02 on November 13, 2017, 01:20:05 AM it is good though because after the dump it will go higher price in just 2 weeks
it is natural phenomena in currencies specially bitcoin and virtual money .. dont panic or loose hope speculation will gonna happen sooner hhahahah HOPING Title: Re: Losing faith in BTC... Post by: Pinoyfan on November 13, 2017, 01:24:40 AM Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. It feels pretty obvious to me that BTC is the best thing ever and BCH is built upon greed, but I'm not entirely confident that either will win in the end anymore. This is not good people make a dorty play here because they only know and they predict what eill happen in the value of btc and bch this is not good but for me btc is the best i know that it will resolve by it self i know that btc can do this .The huge boost in BCH overnight makes me wonder if anything in the crypto world is legit. Seems like everything is based upon greed. All the figure heads that are suppose to support BTC started being like "oh yeah, BCH is the new bitcoin now guys". John Mccafee (yup, the guy who said he'd eat his own dick on TV if BTC doesn't make it to $500,000 by 2020) is all like BCH is the solution blah blah blah. I figured okay, people are getting paid off to say stuff like this, he's a miner after all so he's looking for money. But then I started reading the core developer's tweets. They either don't talk about BCH, but even some of them were talking about BCH taking over. I get that pump and dumps are going to happen, but when developers are switching to BCH this means either two things. One, BCH will become the new BTC. Two, developers are greedy and care about making money than BTC. Another part of me wonders whether this was a pump and dump or not. Perhaps BCH really is better now. Decentralization, limited supply, medium of exchange, store of value. These words are thrown around a lot when describing BTC, but it just seems to me that people really care only about money. When the developers are like this, that is means for worry. This means people will make changes to BTC strictly for hype to make money, even if it actually hurts the security of the coin. The only figure head in the crypto world that I feel is trustworthy is the creator of LTC. My reasons are this: 1) He hasn't pumped the crap out of Litecoin with false propaganda 2) He was awkward on TV when talking about Litecoin 3) Intuitively seems more genuine Last night has left me depressed all day today. I'm very bothered by this. I feel like if I go with BCH I lose. If I go with BTC I lose. I feel like BTC is the good guy and BCH is the evil guy. However, BCH might win in the end. I see possible +EV with BCH though. So last night I caved guys. I caved. I feel sad but I did. I bought BCH which I thought I would never do (I didn't sell most of my BTC, It is like a hedge I suppose). Just seems like the +EV thing to do. Couldn't figure out if it was a pump/dump or a takeover so went with my limited knowledge. If BCH makes it to $3,000ish I will dump some of my BCH for BTC again. I'm distraught guys and not in a good way either. I kind of feel like I might be getting played, but I might be making the right decision. Title: Re: Losing faith in BTC... Post by: Cryptomo on November 13, 2017, 01:36:06 AM We should send a message to the bloody fools that made us reconsider the crypto future.
we shoul hack them and take them out. Title: Re: Losing faith in BTC... Post by: Chinsmokers on November 13, 2017, 01:46:17 AM This is just a temporary due to segwit2x problems all btc buyers is hoping for the segwit2x but unfortunately it cancelled that's why some btc holders transfer their btc to fiat and that affects the btc value. all in all this is just a good news that is dropping. so we can buy a new dip for btc now :)
Title: Re: Losing faith in BTC... Post by: Getcoinsite on November 13, 2017, 01:50:02 AM Will never have loss faith in btc.dont you remember what had btc go through?for how long he struggled and survive?and now just because he drops your losing faith?can i ask you something?how much have you earned ij btc?for you th have loss faith in such a small margin of time
Title: Re: Losing faith in BTC... Post by: DonFacundo on November 13, 2017, 01:53:23 AM don't loss faith in bitcoin, bitcoin cash will huge dump someday, I trust bitcoin it will be pump again, just buy more bitcoin now so you can get your profit in december.
Title: Re: Losing faith in BTC... Post by: maydna on November 13, 2017, 01:54:52 AM i am sure that people in out there still believe with bitcoin and if the price is now down, i think they just hold their bitcoin and waiting the next moment when the price is back to increase. we have seen this condition before and i think people is learned from the past and they only waiting and buy bitcoin again. but yes the price make some of people getting panic especially for people which is new in bitcoin world and they are less information about bitcoin. i still believe in bitcoin that the price will be increase soon and i think the bitcoin cash drama yesterday is because people want to make profit from bitcoin cash and it makes the price is increase too high but now the price is down too far and it seems to be back to the price before.
Title: Re: Losing faith in BTC... Post by: rohqit on November 13, 2017, 02:01:59 AM We should send a message to the bloody fools that made us reconsider the crypto future. we shoul hack them and take them out. Why are they fools? Maybe it is the mass with small pockets holding on to ideals of some utopian cryto future acting as cheer leaders who are the fools. Seems the real players, who control this game, should be thanked for pointing out why bitcoin can never be used in the real world for day to day purchases. The mask of decentralization has been removed. Title: Re: Losing faith in BTC... Post by: kissme09 on November 13, 2017, 02:08:53 AM I have read some articles about bitcoin and bch they will say that the miners will support bch and will give up bitcoin after bitcoin stops the segwit2x however if you are a believer in bitcoin i advise you to stand Be sure to invest in bitcoin or bitcoincash or eth. Because the market is currently very turbulent
Title: Re: Losing faith in BTC... Post by: bitcoincollector03 on November 13, 2017, 02:18:00 AM Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. It feels pretty obvious to me that BTC is the best thing ever and BCH is built upon greed, but I'm not entirely confident that either will win in the end anymore. The huge boost in BCH overnight makes me wonder if anything in the crypto world is legit. Seems like everything is based upon greed. All the figure heads that are suppose to support BTC started being like "oh yeah, BCH is the new bitcoin now guys". John Mccafee (yup, the guy who said he'd eat his own dick on TV if BTC doesn't make it to $500,000 by 2020) is all like BCH is the solution blah blah blah. I figured okay, people are getting paid off to say stuff like this, he's a miner after all so he's looking for money. But then I started reading the core developer's tweets. They either don't talk about BCH, but even some of them were talking about BCH taking over. I get that pump and dumps are going to happen, but when developers are switching to BCH this means either two things. One, BCH will become the new BTC. Two, developers are greedy and care about making money than BTC. Another part of me wonders whether this was a pump and dump or not. Perhaps BCH really is better now. Decentralization, limited supply, medium of exchange, store of value. These words are thrown around a lot when describing BTC, but it just seems to me that people really care only about money. When the developers are like this, that is means for worry. This means people will make changes to BTC strictly for hype to make money, even if it actually hurts the security of the coin. The only figure head in the crypto world that I feel is trustworthy is the creator of LTC. My reasons are this: 1) He hasn't pumped the crap out of Litecoin with false propaganda 2) He was awkward on TV when talking about Litecoin 3) Intuitively seems more genuine Last night has left me depressed all day today. I'm very bothered by this. I feel like if I go with BCH I lose. If I go with BTC I lose. I feel like BTC is the good guy and BCH is the evil guy. However, BCH might win in the end. I see possible +EV with BCH though. So last night I caved guys. I caved. I feel sad but I did. I bought BCH which I thought I would never do (I didn't sell most of my BTC, It is like a hedge I suppose). Just seems like the +EV thing to do. Couldn't figure out if it was a pump/dump or a takeover so went with my limited knowledge. If BCH makes it to $3,000ish I will dump some of my BCH for BTC again. I'm distraught guys and not in a good way either. I kind of feel like I might be getting played, but I might be making the right decision. Litecoin is very good . BTC are having more and more uncofirmed transactions daily. lolz Title: Re: Losing faith in BTC... Post by: GreenBits on November 13, 2017, 03:33:43 AM To the OP, please do not blame this on bitcoin; the protocol is a grand thing, it is the politics that are damning us right now. this is what happens when you allow a point of centralization to develop in a thing that was plainly meant to be completely decentralized. the BCH pump (and the subsequent pumps that will come, because this is far from over) gained so much traction because they cant fake consensus with the amount of network they control. people follow the mining; they (followers of Jihan) can shift support to whatever chain they want; so whatever coin they want to pump, not a problem ;)
Title: Re: Losing faith in BTC... Post by: Gasolined on November 13, 2017, 03:38:01 AM should not think so. btc is still an irreplaceable coin. simply because it has no owner. If you lose faith in bitcoin then you should not invest in other coin
Title: Re: Losing faith in BTC... Post by: btcdiggingmaster on November 13, 2017, 03:43:05 AM Without owner it has secured a good potential in the market. Don't panic for short term price, but many government are planning to make the coin legalize for payments.
Title: Re: Losing faith in BTC... Post by: Get-Paid.com on November 13, 2017, 04:06:04 AM I see a lot of people saying this will correct and the currency will return to 'normal' What is the 'normal' it will return to? Will transaction wait times go back to one block? Will fees shrink or ever go back to being able to transact feeless? Will this currency ever be used like a currency again? Will I ever be able to make microtransactions? Will I ever be able to send transactions with many small inputs? Will I ever be able to buy a cup of coffee with bitcoin? What's the point of this "currency" any more? People are seriously comparing btc transactions to Western Union now saying that $10 fees aren't that bad. This is not the bitcoin world I came to circa 2012. Well said. :-\ Title: Re: Losing faith in BTC... Post by: Get-Paid.com on November 13, 2017, 04:11:44 AM Will never have loss faith in btc.dont you remember what had btc go through?for how long he struggled and survive?and now just because he drops your losing faith?can i ask you something?how much have you earned ij btc?for you th have loss faith in such a small margin of time The loss of faith is not because Bitcoin dropped from $7,000 to $6,000 ... many people could care less if it's worth $7k, $6k, $5k or less. The loss of faith in BTC is coming from this "Unconfirmed Transactions" issue, paying a fee of $15 to send a transaction over - this is not a smooth ride anymore. Bitcoin is flawed, there would be an alternative, sooner or later. Title: Re: Losing faith in BTC... Post by: Cryptomo on November 13, 2017, 04:12:22 AM We should send a message to the bloody fools that made us reconsider the crypto future. we shoul hack them and take them out. Why are they fools? Maybe it is the mass with small pockets holding on to ideals of some utopian cryto future acting as cheer leaders who are the fools. Seems the real players, who control this game, should be thanked for pointing out why bitcoin can never be used in the real world for day to day purchases. The mask of decentralization has been removed. fools are guys that fuck up there own market and inflate there own currancy. now we are losing on both sides BTC and BCH is this what they wanted? i dont think so...so they are greedy fools. time to take them out for there treason. Title: Re: Losing faith in BTC... Post by: ledsgo on November 13, 2017, 04:34:19 AM I am loosing faith in BTC because its old and doesn't do the job anymore...
Yesterday, I wanted to transfer a remaining balance I had in coinbase (around 300$), that transaction cost me more than 8$ and it took 10 hours to confirm. When my friends ask me why should I use bitcoin, my best arguments use to be its fast and its cheap... If you want bitcoin to be mainstream, it has to be better than that, I think a wire transfer from my bank would have been faster and cheaper. I thought bitcoin community were in advance on their time, that they embrace future technology so why does everyone wants to stick with a coin that do not live up to its promises anymore? Title: Re: Losing faith in BTC... Post by: deviant99 on November 13, 2017, 05:04:52 AM It's a matter of fact that BCH is taking over, but that doesn't mean it will. Don't lose hope on what you've read instead just focus on what you've started, it's only just the beginning
Title: Re: Losing faith in BTC... Post by: Cinemo on November 13, 2017, 05:16:08 AM Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. It feels pretty obvious to me that BTC is the best thing ever and BCH is built upon greed, but I'm not entirely confident that either will win in the end anymore. I dont lose hope faith in btc because i know that bitcoin will go rise again just not now but soon i know that this is the part of bitcoin because bitcoin is volatile so i keep holding my bitcoin i have a trust in bitcoin. The huge boost in BCH overnight makes me wonder if anything in the crypto world is legit. Seems like everything is based upon greed. All the figure heads that are suppose to support BTC started being like "oh yeah, BCH is the new bitcoin now guys". John Mccafee (yup, the guy who said he'd eat his own dick on TV if BTC doesn't make it to $500,000 by 2020) is all like BCH is the solution blah blah blah. I figured okay, people are getting paid off to say stuff like this, he's a miner after all so he's looking for money. But then I started reading the core developer's tweets. They either don't talk about BCH, but even some of them were talking about BCH taking over. I get that pump and dumps are going to happen, but when developers are switching to BCH this means either two things. One, BCH will become the new BTC. Two, developers are greedy and care about making money than BTC. Another part of me wonders whether this was a pump and dump or not. Perhaps BCH really is better now. Decentralization, limited supply, medium of exchange, store of value. These words are thrown around a lot when describing BTC, but it just seems to me that people really care only about money. When the developers are like this, that is means for worry. This means people will make changes to BTC strictly for hype to make money, even if it actually hurts the security of the coin. The only figure head in the crypto world that I feel is trustworthy is the creator of LTC. My reasons are this: 1) He hasn't pumped the crap out of Litecoin with false propaganda 2) He was awkward on TV when talking about Litecoin 3) Intuitively seems more genuine Last night has left me depressed all day today. I'm very bothered by this. I feel like if I go with BCH I lose. If I go with BTC I lose. I feel like BTC is the good guy and BCH is the evil guy. However, BCH might win in the end. I see possible +EV with BCH though. So last night I caved guys. I caved. I feel sad but I did. I bought BCH which I thought I would never do (I didn't sell most of my BTC, It is like a hedge I suppose). Just seems like the +EV thing to do. Couldn't figure out if it was a pump/dump or a takeover so went with my limited knowledge. If BCH makes it to $3,000ish I will dump some of my BCH for BTC again. I'm distraught guys and not in a good way either. I kind of feel like I might be getting played, but I might be making the right decision. Title: Re: Losing faith in BTC... Post by: Flor1982 on November 13, 2017, 05:56:09 AM Yes, it is something that make me think a bit too... but yet BTC is much higher than it was 3 months before. I think we should judge in a longer time span. Leason learned that bitcoin cash dramatically price value increase is just another pump and dump strategy that failed. For sure people that behind this strategy will going to lose a huge investments because instead of attracting people to sell their bitcoin and buy bitcoin cash due to sudden price increase, the result is opposite that instead BHC holders immediately sell their coins while price is at high which in result bitcoin cash back to its 3rd place right now and continue falling. Title: Re: Losing faith in BTC... Post by: Habakkuk77 on November 13, 2017, 06:31:22 AM The most regret of the investors and bitcoin users is that when see the the price they get discouraged.
Their basis is the price of bitcoin without knowing that bitcoin price increase in the future. This must be a lesson for us investors and bitcoin user just continue supporting because bitcoin will never fail. I hope that this bitcoin will get well. Title: Re: Losing faith in BTC... Post by: CryptosapienZA on November 13, 2017, 06:38:09 AM The only reason more people will lose more faith in bitcoin is these high fees. I think its said that Core is not taking this as a serious issue. The way I see it is that what will cause the downfall of Bitcoin. I hope the bitcoin community will wake up to this reality. If we ever want mass adoption we have to be able to compete with the visas and PayPal
Title: Re: Losing faith in BTC... Post by: worle1bm on November 13, 2017, 06:45:26 AM Yes in past few days there are many talks about bitcoin market going down to lower level and many who are worried and panic converting their BTC to some other altcoins or withdrawing their money from it but they need to know that these are just temperorary disturbances and after all this is over BTC price will become normal and rise with pump so don't loose your faith in it.Although BCH market cap is growing but still BTC is king so relax
Title: Re: Losing faith in BTC... Post by: nakko on November 13, 2017, 06:49:01 AM The way I understand is like this. Developing Bcash must've cost a fortune, so now is the time to get it all back by selling to the next sucker. Jump of $500 in a couple of dollars. Only a fool will not understand.
Title: Re: Losing faith in BTC... Post by: lupinvn on November 13, 2017, 06:51:53 AM lol, I know and really understand what you feel at that time. When you put a lot of hope into something and it not come to a good result. But, this is just a temporary situation, every thing would come back to what they have to be. Btw, if you have faith in Bitcoin at the beginning, why don't you try to find out the reason that make BCH has took over BTC in trade volume? Something that I've learned from bitcointalk forum, they said that vast Chinese miners were intent to harm BTC system with fake transaction. And the problem maybe solved after BCH segwit. Just ready for a rise of the King again. Cheer!
Title: Re: Losing faith in BTC... Post by: silent17 on November 13, 2017, 06:57:07 AM Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. It feels pretty obvious to me that BTC is the best thing ever and BCH is built upon greed, but I'm not entirely confident that either will win in the end anymore. The huge boost in BCH overnight makes me wonder if anything in the crypto world is legit. Seems like everything is based upon greed. All the figure heads that are suppose to support BTC started being like "oh yeah, BCH is the new bitcoin now guys". John Mccafee (yup, the guy who said he'd eat his own dick on TV if BTC doesn't make it to $500,000 by 2020) is all like BCH is the solution blah blah blah. I figured okay, people are getting paid off to say stuff like this, he's a miner after all so he's looking for money. But then I started reading the core developer's tweets. They either don't talk about BCH, but even some of them were talking about BCH taking over. I get that pump and dumps are going to happen, but when developers are switching to BCH this means either two things. One, BCH will become the new BTC. Two, developers are greedy and care about making money than BTC. Another part of me wonders whether this was a pump and dump or not. Perhaps BCH really is better now. Decentralization, limited supply, medium of exchange, store of value. These words are thrown around a lot when describing BTC, but it just seems to me that people really care only about money. When the developers are like this, that is means for worry. This means people will make changes to BTC strictly for hype to make money, even if it actually hurts the security of the coin. The only figure head in the crypto world that I feel is trustworthy is the creator of LTC. My reasons are this: 1) He hasn't pumped the crap out of Litecoin with false propaganda 2) He was awkward on TV when talking about Litecoin 3) Intuitively seems more genuine Last night has left me depressed all day today. I'm very bothered by this. I feel like if I go with BCH I lose. If I go with BTC I lose. I feel like BTC is the good guy and BCH is the evil guy. However, BCH might win in the end. I see possible +EV with BCH though. So last night I caved guys. I caved. I feel sad but I did. I bought BCH which I thought I would never do (I didn't sell most of my BTC, It is like a hedge I suppose). Just seems like the +EV thing to do. Couldn't figure out if it was a pump/dump or a takeover so went with my limited knowledge. If BCH makes it to $3,000ish I will dump some of my BCH for BTC again. I'm distraught guys and not in a good way either. I kind of feel like I might be getting played, but I might be making the right decision. I still believed in bitcoin, yes bitcoin cash suddenly go up but then again, as you recall the same way that bitcoin gone before, many people still believed in BTC so i think sooner or later everything will be ok. As of the moment, BCH is not -40+% that goes to show that bitcoin is still the dominant currency around. Title: Re: Losing faith in BTC... Post by: penig on November 13, 2017, 06:57:48 AM I wonder if those that have lost faith, and those that ignore the problems for that matter, realise that the supposedly decentralised Bitcoin is been highly dependant on mining power from China? Yeah, there are lot of individual miners, but there are few pools and many miners can be persuaded to join a cause.
So, what are you going to do, bail out, ignore it, or start looking at running nodes and mining even at a small loss? Re-distribute mining power. Also address the problems with slow transactions on Bitcoin which are forecast and behind the Bitcoin forks, rather than arguing over it, denying theres a problem, accept and deal with it. Because while this Bitcoin Cash pump may not have been successful (though not necessarily over) it has highlighted problems and weaknesses. Next time it might work. Title: Re: Losing faith in BTC... Post by: nappoleon on November 13, 2017, 06:59:01 AM In appears that you're starting to falter, and it seems that your principle fluctuates with the price. I understand that you maybe coming from an economic standpoint. However, price movements should be the least of our basis of its survival when your philosophically inclined, in fact this should be a buying opportunity if you truly believe to its potential.
Title: Re: Losing faith in BTC... Post by: xebecstyx on November 13, 2017, 06:59:20 AM I have lost some faith in bitcoin, but it does not mean that i will move all my funds to bitcoin cash or just to another crypto because of this whole panic in the forum. I have made a profit of about 0.50 because of bitcoin cash. I was trading with btc/bch in the last night, and it was very profitable because i could make some profit when it was $1300 and suddenly it touched $1900, so i was lucky i guess. But i am not going to move all my funds in there, i still trust in bitcoin and i know that it has a lot of potential to keep going up. I think that is a normal reaction seeing how the price of bitcoin is playing in the market now. However, we should also agree with the fact that this happened before, and from history and past trends, we can say that bitcoin was able to come back up. In that sense, what's happening now, however unfortunate, could be said as part of the current market trend. Therefore, I am hopeful that bitcoin can regain its former price point or higher. Title: Re: Losing faith in BTC... Post by: bettor_earth on November 13, 2017, 07:01:38 AM Hi,
I am the most connected person with the group who are control the whole banking and bitcoin-crypo system ever appeared at bitcointalk.org All of what you guys are seeing (Bitcoin Cash, Bitcoin unconfirmed transactions, etc.) is just a signal from the group behind. That signal is very clear, the changing in Global Money System. The reason Bitcoin and all other crypocurrncies going to false and false quickly because of 2 reason: 1. The global currencies money reset. There will be a brand new money system will replace the current one. 2. The environment, mining bitcoin or any crypocurrnecie is extremely harmful to the environment. If you want to know more about the Global Currency Reset, read this: https://angelteam.wordpress.com/2017/11/05/100-truth-about-global-currency-reset On the bright sight, Bitcoin used to be cheap just like Zimbabwe money note now... If you want to become rich, you just need to listen to me. Go buy a Zimbabwe note, there will be a group going to buy 1 million GBP per Zimbabwe note very very soon. Remember Zimbabwe money note is very very limited and it all printed and finished long ago already. Imagine there is a news on the media like that? Zimbabwe money note picture used to be laugh for the entire world will be brought back !!! And this time it is much much more fun and entertainment. I highly recommended all of you going to buy Zimbabwe money note right now, or you will miss the once in lifetime, and this chance will never comeback again !!! more information about this topic: https://angelteam.wordpress.com/2017/11/09/official-final-zimbabwe-money-note-exchange-guide-rate-and-more/ There is no any kind of donation or any kind of commercial on that blog. Feel free to discuss Regard, Bettor Earth Title: Re: Losing faith in BTC... Post by: bellamae on November 13, 2017, 07:25:15 AM I think that much will definitely lose faith or confidence in bitcoin due to the emerging news. Not just news but rather in real especially on the big screen and a few minutes later the price of bitcoin dropped sharply. But do not despair because bitcoin is becoming increasingly popular around the world, many want to manipulate bitcoin. We do not have to panic many can happen in the next few days. This is a chance to invest in bitcoin while its price drops.
Title: Re: Losing faith in BTC... Post by: illinest on November 13, 2017, 07:32:20 AM The way I understand is like this. Developing Bcash must've cost a fortune, so now is the time to get it all back by selling to the next sucker. Jump of $500 in a couple of dollars. Only a fool will not understand. I'd like to believe so, but Bitmain, Roger Ver and others have staked their reputations on this. I don't think it's just an overnight cash grab. I don't know how sustainable their manipulation really is, but I also don't think the kind of time and money they have invested (mining and marketing BCH) was intended to climax with one night of price pumping. The spam attack on the BTC blockchain has been impressive, too -- I've never seen anything like it. And Bitmain is only accepting BCH for payment for mining hardware now. It's an attack from all directions..... I never would have thought Jihan Wu would attack Bitcoin so openly considering how deeply invested Bitmain is. Title: Re: Losing faith in BTC... Post by: xiaohang07 on November 13, 2017, 07:49:24 AM Having faith in BTC in the last 5 years might be highly rewarding, but it does not mean that this faith will carry you through in the next 5 years. The meta of the crypto-world is constantly changing, and it is just too risky to hold on bitcoin blindly.
Title: Re: Losing faith in BTC... Post by: DoublerHunter on November 13, 2017, 09:00:05 AM Why you need to lose some faith in bitcoin? Just because the price is falling down and the transaction fees are increasing? It is normal for bitcoin to have those things because the price of bitcoin is going up and as you can see the only major jump in terms of fees is not in the value of bitcoin but its value in dollar so the people thinks that the fees are so high but the only thing is they are basing in us dollar or fiat value of the fee. Since the mining difficulty is going up, the fees are also going up because the bitcoin needs to attract miners to stay and not to leave the network because of the satisfaction in profit IMHO.
Title: Re: Losing faith in BTC... Post by: saffira on November 13, 2017, 09:22:09 AM The value of bitcoin is volatile. It may rise and sometimes it goes down. However, I think there is no need to panic. It happens several times and it is just proven that within several years of existence, it already proven that its value may go down but always rise again.
Title: Re: Losing faith in BTC... Post by: mOgliE on November 13, 2017, 11:47:36 AM "Losing faith" is a bit over-reacting, isn't it?
I mean, we all know that bitcoin is subjected to much fluctuations... We all know that even though it is "sure", it is also quite impossible to make any forecasts. People are playing with bitcoin for the moment. And I do not say it is bad. Yet, understand this feeling of "bitcoin will change the world!!" and... actually nope. Though, I think it is still a source of positive transformations within society, especially regarding huge financial institutions. Just leave it some time. And let people take their time too. Getting acquainted with bitcoin is way easier if you see it as a leasure, a source of fun. I think this is the best way to learn. Leave it some time, things may change. But slowly, as for any lasting change! Title: Re: Losing faith in BTC... Post by: gurunanakji777 on November 13, 2017, 02:49:00 PM I think you should not panic about btc. I don't have much trust in Bch. I never loose my trust in Btc. The movement we saw last night might be because of cancellation of SegWit2x hardfork in my opinion even btc correction was also due from long. My friend volatility is the part of crypto currency market. Successful traders are those who have patience to hold. Bitcoin will remain no 1 in my opinion.
Title: Re: Losing faith in BTC... Post by: kaikai18 on November 13, 2017, 02:55:52 PM I am not losing faith in BTC as long as i am earning from it. BTC Is the GOD of all coins no one can beat BTC in its popularity. Maybe there are coins who is much more expensive than btc but BTC is the only coin that is known worldwide.
Title: Re: Losing faith in BTC... Post by: Naruil on November 13, 2017, 03:00:44 PM I don't think you should lose your faith in bitcoin because the value goes down but as you can see it already has gone up. And that is what always happens with bitcoin. It will go down but then go back up again. I think that it will be like this till it ever reaches 10k.
Title: Re: Losing faith in BTC... Post by: greg1050 on November 13, 2017, 03:03:08 PM In order to become mainstream and usable by companies, banks, asset managers, ... it will need more price stability. And maybe the opening of futures byt CME will help ?
It's good for the project, but of course it will mean the end of the price rallies and the big fast profits for the traders ! Title: Re: Losing faith in BTC... Post by: teamjk on November 13, 2017, 03:06:49 PM In order to become mainstream and usable by companies, banks, asset managers, ... it will need more price stability. And maybe the opening of futures byt CME will help ? It's good for the project, but of course it will mean the end of the price rallies and the big fast profits for the traders ! futures by CME will just kill whatever expectations majority in here has. They can short naked and fix the difference in fiat$. then crypto's will be at will of big hands for sure. The price will follow whatever they decide. (up or down) be sure that this is going to happen. Title: Re: Losing faith in BTC... Post by: rajuahmed330 on November 13, 2017, 03:07:36 PM Yes, everything will return back to normal. Nonetheless todays events has shocked the community and people on the verge might have taken a different side now. I think that too. People have confidence in it, faith has everything. Sometimes, sometimes the question of the legitimacy of different countries is confusing people.Everything will be like before.Title: Re: Losing faith in BTC... Post by: Ekanenf on November 13, 2017, 03:08:30 PM "Losing faith" is a bit over-reacting, isn't it? I mean, we all know that bitcoin is subjected to much fluctuations... We all know that even though it is "sure", it is also quite impossible to make any forecasts. People are playing with bitcoin for the moment. And I do not say it is bad. Yet, understand this feeling of "bitcoin will change the world!!" and... actually nope. Though, I think it is still a source of positive transformations within society, especially regarding huge financial institutions. Just leave it some time. And let people take their time too. Getting acquainted with bitcoin is way easier if you see it as a leasure, a source of fun. I think this is the best way to learn. Leave it some time, things may change. But slowly, as for any lasting change! We can't blame them for thinking that way, about losing faith on bitcoin, maybe it is just because they are just new on this cryptocurrency world and don't know how things work here. The fluctuations of bitcoin may be the reason why they are thinking such thing to bitcoin, it scares them, and I think it is natural to be scared since we are talking about here losing profits to the bitcoin that we are holding. But we don't really have to worry that much, because this fluctuations is just normal also, bitcoin's price is volatile so we must expect some fluctuations everyday. Title: Re: Losing faith in BTC... Post by: Astermony on November 13, 2017, 03:11:58 PM The value of bitcoin is volatile. It may rise and sometimes it goes down. However, I think there is no need to panic. It happens several times and it is just proven that within several years of existence, it already proven that its value may go down but always rise again. That is really true. In fact, last year it also happened that the bitcoin price is quite very low and very discouragingly low that might make us think that it is impossible to recover but after few months of it, it had recovered from the crisis. Just like now, I still believe in bitcoin and I'm not yet losing hope that someday it will come back and will make other people be shocked again of its increase that is very fast to recover. Title: Re: Losing faith in BTC... Post by: ajochems on November 13, 2017, 03:16:34 PM The value of bitcoin is volatile. It may rise and sometimes it goes down. However, I think there is no need to panic. It happens several times and it is just proven that within several years of existence, it already proven that its value may go down but always rise again. Yes.Bitcoin has very good root,it's value is start from 500$ to 7000$.Now the price of bitcoin may reduce to 6553$.It is just an fluctuations of price. No need to worry about that, due to the fork .The price is start to reduce due to Fork only. Surely it will decrease further till 22 November. Use that time to inverse and not to sell. Title: Re: Losing faith in BTC... Post by: zurc on November 13, 2017, 03:47:10 PM Do not worry and do not panic it is normal with bitcoin and other currencies there is a fall time and raise time but in this case it was manipulated to get some profit and because the fork was cancelled.
Title: Re: Losing faith in BTC... Post by: ezbreezy08 on November 13, 2017, 03:51:45 PM Traders and miners hyping BCH to pump it hard. while bitcoin dropped below 6,000 it's a good sign that it will go back at 7,000.. everything will be ok. even if the price dip at 4,000 we all know bitcoin is very volatile. so don't lose hope
Title: Re: Losing faith in BTC... Post by: pearlmen on November 13, 2017, 03:58:10 PM Anyone who is losing faith at this time, never had any faith to begin with because its just too early the price of bitcoin suffered a crash just some days back and there have been some recovery too so if you now decide because of the little gain another alt coin is witnessing then we really don't need you in bitcoin and you are better in that alt coin but come to think of it because of the general phenomenon of volatility, anyone dumping bitcoin now will be coming back because of that alt he is rushing to, will so face the same fate.
Title: Re: Losing faith in BTC... Post by: salihno71 on November 13, 2017, 04:01:42 PM The higher the price, the larger will be fluctuations and this will go on for a few more years surely. Latest events were part of organized attack and the fluctuations were expected.
Title: Re: Losing faith in BTC... Post by: Reid on November 13, 2017, 04:07:39 PM Now, who else wants to stay with their beloved BCH?
You can all stay there while we are now entering a good profit here in bitcoin. What about you? Have you sold your BCH yet or it keeps on getting harder to turn it to UsD? Goodbye pump and you are now all broke. Thanks to your idiot ways of thinking. Next time dont be fooled by FUD.a Title: Re: Losing faith in BTC... Post by: kriticko29 on November 13, 2017, 04:14:16 PM We know that people easily losses hope to bitcoin because they think once bitcoin's price went down it will be continuous but they are wrong. The price is consistently taking back the losses to prevent sudden dump in price.
Title: Re: Losing faith in BTC... Post by: Loremipusum on November 13, 2017, 04:20:28 PM Why lose faith just because it goes down for a while? you need to be happy because in that time you can buy a lot for later i bought a lot last night when it was so cheap i believ it was 5k and right now it is 6.5k i already have a lot of profit.
Title: Re: Losing faith in BTC... Post by: Dudeperfect on November 13, 2017, 04:25:04 PM I am not, I have thought about the probabilities when I decided to invest in Bitcoin and getting involved with it. Bitcoin is not developed yet so it is not a perfect product but it is growing day by day and gaining perfection. I am fully aware of the risks associated with the investment but I am okay with it and I have no issues with the price surge and corrections because I am expecting returns in the long term and anything can happen in that period. I am confident about it and I trust Bitcoin even at this stage, no reason to lose faith.
Title: Re: Losing faith in BTC... Post by: 2bfree on November 13, 2017, 06:04:05 PM Maybe it will be normal and you will get your faith back!
Title: Re: Losing faith in BTC... Post by: burnedbyfees on November 13, 2017, 06:16:45 PM Title: Re: Losing faith in BTC... Post by: tiggytomb on November 13, 2017, 06:21:48 PM It was just an opportunity for some to make some cash, you watch the same people will come back to btc with less credibility after whoring themselves.
I do agree with you on your litecoin thoughts, I am slowly picking bits and pieces up but litecoin should be up there with bitcoin not these sad takeover attempts. Stay strong and hodl. Title: Re: Losing faith in BTC... Post by: teejayrichard2 on November 13, 2017, 06:27:36 PM Let's all calm down, don't loose faith in BTC yet. This just a time of trial for BTC and surely we will overcome. BTC will bounce back sooner than we think. Keep our faith in BTC
Title: Re: Losing faith in BTC... Post by: 1NV3ST0NM3 on November 13, 2017, 06:31:27 PM Not only you I think everyone attached to bitcoin community had some similar dillema. But I thinks its a bit too early to decide the consequences and decalre bch as the king. Its just been 4 days since this has started this might just be bitcoin price correction and not exactly dump.
BTC has made it all the way until now a long journey of 9 years we need to give it some time. But yes as its always said its the survival of the fittest so if btc fails on expectations of people they will surely shift to bch. Title: Re: Losing faith in BTC... Post by: Anarc Senior on November 13, 2017, 06:38:24 PM Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. It feels pretty obvious to me that BTC is the best thing ever and BCH is built upon greed, but I'm not entirely confident that either will win in the end anymore. The huge boost in BCH overnight makes me wonder if anything in the crypto world is legit. Seems like everything is based upon greed. All the figure heads that are suppose to support BTC started being like "oh yeah, BCH is the new bitcoin now guys". John Mccafee (yup, the guy who said he'd eat his own dick on TV if BTC doesn't make it to $500,000 by 2020) is all like BCH is the solution blah blah blah. I figured okay, people are getting paid off to say stuff like this, he's a miner after all so he's looking for money. But then I started reading the core developer's tweets. They either don't talk about BCH, but even some of them were talking about BCH taking over. I get that pump and dumps are going to happen, but when developers are switching to BCH this means either two things. One, BCH will become the new BTC. Two, developers are greedy and care about making money than BTC. Another part of me wonders whether this was a pump and dump or not. Perhaps BCH really is better now. Decentralization, limited supply, medium of exchange, store of value. These words are thrown around a lot when describing BTC, but it just seems to me that people really care only about money. When the developers are like this, that is means for worry. This means people will make changes to BTC strictly for hype to make money, even if it actually hurts the security of the coin. The only figure head in the crypto world that I feel is trustworthy is the creator of LTC. My reasons are this: 1) He hasn't pumped the crap out of Litecoin with false propaganda 2) He was awkward on TV when talking about Litecoin 3) Intuitively seems more genuine Last night has left me depressed all day today. I'm very bothered by this. I feel like if I go with BCH I lose. If I go with BTC I lose. I feel like BTC is the good guy and BCH is the evil guy. However, BCH might win in the end. I see possible +EV with BCH though. So last night I caved guys. I caved. I feel sad but I did. I bought BCH which I thought I would never do (I didn't sell most of my BTC, It is like a hedge I suppose). Just seems like the +EV thing to do. Couldn't figure out if it was a pump/dump or a takeover so went with my limited knowledge. If BCH makes it to $3,000ish I will dump some of my BCH for BTC again. I'm distraught guys and not in a good way either. I kind of feel like I might be getting played, but I might be making the right decision. For those whose didn't sissy out and bought during the dip/ attack - CHEERS !! https://i.imgur.com/6dbXk8u.png Title: Re: Losing faith in BTC... Post by: Cutekittens21 on November 13, 2017, 06:40:26 PM Why is there always such panic? We are just having another correction caused by the cancellation of the SegWit2x hardfork. It is just a matter of time before everything gets back to normal. We have 180k unconfirmed transactions. Don't you think it is suspicious that it happens right after some group claimed that they have 30% of the hashrate? Bitcoin hashrate dropped almost by 50%.
If you can't handle these ups and downs, I'd seriously sell right now. Title: Re: Losing faith in BTC... Post by: admissions on November 13, 2017, 06:41:33 PM I'm only gaining faith in Bitcoin right now its been attacked from multiple directions and currently its still sky high and holding a decent price.
Title: Re: Losing faith in BTC... Post by: Sanglotslongs2 on November 13, 2017, 06:43:38 PM A very important thing is that Antpool (25% hash power) reward only their miner with block reward. 100% fo block free (that represent like 15% bitcoin reward) is take by ANTPOOL ! So they want to increase block size to have more fees, but they are the biggest mining pool wich take all fee. They have full bags of bitcoin I guess ::) Title: Re: Losing faith in BTC... Post by: uslfd on November 13, 2017, 07:00:01 PM I understand what you're saying.
Wherever there is money to be made, there is conflict. On the bright side, anything that doesn't kill BTC will only make BTC stronger. In this particular event, I think it urges us to rethink the future of BTC and how we, as a community should think together what sort of future we'd like BTC to have. Don't lose faith, the moment we lose faith, we lose Title: Re: Losing faith in BTC... Post by: Anarc Senior on November 13, 2017, 07:11:19 PM Why is there always such panic? We are just having another correction caused by the cancellation of the SegWit2x hardfork. It is just a matter of time before everything gets back to normal. We have 180k unconfirmed transactions. Don't you think it is suspicious that it happens right after some group claimed that they have 30% of the hashrate? Bitcoin hashrate dropped almost by 50%. If you can't handle these ups and downs, I'd seriously sell right now. Agree ! To the OP: BTC has been battled proof and won time after time. This past weekend is especially unique because the attach was from within - by the large group of miners and Roger Ver... 1). It appears that you have invested too much money in something that you do not quite thoughroughly understand its potential - too much money in something that you cannot afford to loose. Now you are seating around sweating bullets. 2). Do yourself a favor: Get out of the kitchen if you cannot handle the heat ! Title: Re: Losing faith in BTC... Post by: rumexx on November 13, 2017, 07:12:52 PM I suspect some people are manipulating the BCH for their own personal interest. They did same thing after the August 2nd fork and BCH soared to the apex and a lot of people followed and when the achieved their aim the pulled off and the price of BCH cascaded to the bottom.A lot of traders got burnt. Same thing will play out soon. Do not panic and what you are doing is good divest a bit from BTC and get some BCH.
Title: Re: Losing faith in BTC... Post by: gentlemand on November 13, 2017, 07:16:56 PM What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. One simple thing to bear in mind. This is precisely to the nth degree how the people doing this want you to feel. Do you want to be the marionette of a bunch of psycho autists? Does their hand all the way up your colon feel good? I'm guessing most people resent being manipulated. In that case the best thing anyone can do is refuse to be manipulated. Title: Re: Losing faith in BTC... Post by: sylance on November 13, 2017, 07:17:35 PM Title: Re: Losing faith in BTC... Post by: Anarc Senior on November 13, 2017, 07:21:18 PM I suspect some people are manipulating the BCH for their own personal interest. They did same thing after the August 2nd fork and BCH soared to the apex and a lot of people followed and when the achieved their aim the pulled off and the price of BCH cascaded to the bottom.A lot of traders got burnt. Same thing will play out soon. Do not panic and what you are doing is good divest a bit from BTC and get some BCH. You really think so huh ? 😉😜. It's a very bad advice you just gave the OP - you just said that the people are trying to manipulate the gain of BCH and now you advise the OP to go buy some BCH !! It's like giving money to the enemies!!! Are you an idiot !! Stop giving advice when you have no idea what you're talking about !! Title: Re: Losing faith in BTC... Post by: felicita on November 13, 2017, 07:24:25 PM Why is there always such panic? We are just having another correction caused by the cancellation of the SegWit2x hardfork. It is just a matter of time before everything gets back to normal. We have 180k unconfirmed transactions. Don't you think it is suspicious that it happens right after some group claimed that they have 30% of the hashrate? Bitcoin hashrate dropped almost by 50%. If you can't handle these ups and downs, I'd seriously sell right now. this is exaclty true ! lets trust in Bitcoin iam still holding my coins even when its not much coins :D and now there is another coin witch is >1000$ ! and bitcoin today 8% profit and bitcoincash makes -3% regards Title: Re: Losing faith in BTC... Post by: percy_tc on November 13, 2017, 07:28:04 PM Losing faith?? ::)
Funny thing. Check market cap since last year to nowadays. It is very obvious. BCH is pumped by Bitmain, like Dash ( to keep minimum profitability of their D3). Title: Re: Losing faith in BTC... Post by: stomachgrowls on November 13, 2017, 07:34:42 PM Why is there always such panic? We are just having another correction caused by the cancellation of the SegWit2x hardfork. It is just a matter of time before everything gets back to normal. We have 180k unconfirmed transactions. Don't you think it is suspicious that it happens right after some group claimed that they have 30% of the hashrate? Bitcoin hashrate dropped almost by 50%. If you can't handle these ups and downs, I'd seriously sell right now. this is exaclty true ! lets trust in Bitcoin iam still holding my coins even when its not much coins :D and now there is another coin witch is >1000$ ! and bitcoin today 8% profit and bitcoincash makes -3% regards Title: Re: Losing faith in BTC... Post by: J. Cooper on November 13, 2017, 07:40:34 PM Why is there always such panic? We are just having another correction caused by the cancellation of the SegWit2x hardfork. It is just a matter of time before everything gets back to normal. We have 180k unconfirmed transactions. Don't you think it is suspicious that it happens right after some group claimed that they have 30% of the hashrate? Bitcoin hashrate dropped almost by 50%. If you can't handle these ups and downs, I'd seriously sell right now. this is exaclty true ! lets trust in Bitcoin iam still holding my coins even when its not much coins :D and now there is another coin witch is >1000$ ! and bitcoin today 8% profit and bitcoincash makes -3% regards So I think you have 2 solid options, either you take profits: $6500 is still not a bad price for bitcoin (it's not good either) or you lock away your bitcoin and try to forget about it an come back in a couple of years. This will prevent you of panicking and selling your bitcoin or buying some kind of 'bitcoin-killer' like bitcoincash. Title: Re: Losing faith in BTC... Post by: freeElectron on November 13, 2017, 07:49:36 PM Weak. Lets look at this one instead. https://bitinfocharts.com/comparison/bitcoin-transactionfees.html Title: Re: Losing faith in BTC... Post by: freeElectron on November 13, 2017, 07:54:37 PM Let's narrow down the OP worrisome: Which part of of the plot below do you worry of ? https://i.imgur.com/rJ7DkhS.png Everyone got $20 extra for every transaction fee, so lets ignore that problem. Look over here.. I have this historical graph showing BTC price going up up up. /sarcasm Title: Re: Losing faith in BTC... Post by: Anarc Senior on November 13, 2017, 08:02:17 PM Weak. Lets look at this one instead. https://bitinfocharts.com/comparison/bitcoin-transactionfees.html Enough of the " Transaction fee" already: Do you realize that on the fiat currency could charge up to 10% for transactions fee ? Up to 5 days to make the money transaction ? And the government takes note of how much money you have transferred ? And they have your name and your address in case they would like to come - to see you - to tell you that they decide to keep your money ? Urrrrg ! Why do we waste our time with this nonsense !! Title: Re: Losing faith in BTC... Post by: freeElectron on November 13, 2017, 08:05:15 PM Weak. Lets look at this one instead. https://bitinfocharts.com/comparison/bitcoin-transactionfees.html Enough of the " Transaction fee" already: Do you realize that on the fiat currency could charge up to 10% for transactions fee ? Up to 5 days to make the money transaction ? And the government takes note of how much money you have transferred ? And they have your name and your address in case they would like to come to see you to tell you that they decide to keep your money ? Urrrrg ! Why do we waste our time with this nonsense !! Why do you compare it with crap, when there are decentralized coins much better than both BTC and fiat banks. Yes, it might be $10 or $20 bucks today, but do you think it will just stop here? Could be $100 within a year or two. No problems.. lets just look the other way and sing cumbabitcoin. Title: Re: Losing faith in BTC... Post by: Anarc Senior on November 13, 2017, 08:12:09 PM Why do you compare it with crap, when there are decentralized coins much better than both BTC and fiat banks. Yes, it might be $10 or $20 bucks today, but do you think it will just stop here? Could be $100 within a year or two. No problems.. lets just look the other way and sing cumbabitcoin. [/quote] Some made their argument on facts - which you called "crap". You Sir made you point on "could be". "Could be $100 within a year or two." Stop spreading the fear on nonsensical !! Title: Re: Losing faith in BTC... Post by: gentlemand on November 13, 2017, 08:15:30 PM Stop spreading the fear on nonsensical !! Match and beat his current wages and your wish will be his command. Why is that so far not one single BCH shill has acknowledged that all of the present woes are directly their doing? It's perfectly clear yet we're supposed to take them seriously as contenders. All BCH has to do is be better. That's it. None of the previous hijacks were any good. This isn't either so this is what's been resorted to. When this fails they're going to have to come each of our houses and torture our pets until we switch. Title: Re: Losing faith in BTC... Post by: freeElectron on November 13, 2017, 08:16:18 PM Why do you compare it with crap, when there are decentralized coins much better than both BTC and fiat banks. Yes, it might be $10 or $20 bucks today, but do you think it will just stop here? Could be $100 within a year or two. No problems.. lets just look the other way and sing cumbabitcoin. Some made their argument on facts - which you called "crap". You Sir made you point on "could be". "Could be $100 within a year or two." Stop spreading the fear on nonsensical !! [/quote] Crap is crap. If there is a way to send money for $0.05, it is a crappy deal to pay $20, don't you agree? It's ridicules to think that I'm going to waste 20 bucks, just to have the "right" brand when I send the money. My replay was to the graph that showed how btc has always kept going. Well, then I do the same.. I extrapolate the current graph and say this is how it always will be. In this case, we will see $100 transaction fee within 3 months. Title: Re: Losing faith in BTC... Post by: wisdomcn on November 13, 2017, 08:17:43 PM if bitcoin cash really takes over bitcoin..then i think this makes the whole cryptoworld feel shady and will turn people away..just seems crazy that bitcoin this bitcoin that and then all of a sudden "bitcoin cash" is prime to be #1? just shows crypto currency is shady as fuck It really need courage and understanding to succeed in the crypto investment, because I believe that many have loose their money as a result of panic generated as the price of bitcoin dropped over the weekend. Ever since I understood that the price of bitcoin goes up when more investors and also drop when investor pulls out. Title: Re: Losing faith in BTC... Post by: Anarc Senior on November 13, 2017, 08:23:18 PM Title: Re: Losing faith in BTC... Post by: Anarc Senior on November 13, 2017, 08:26:16 PM Stop spreading the fear on nonsensical !! Match and beat his current wages and your wish will be his command. Why is that so far not one single BCH shill has acknowledged that all of the present woes are directly their doing? It's perfectly clear yet we're supposed to take them seriously as contenders. All BCH has to do is be better. That's it. None of the previous hijacks were any good. This isn't either so this is what's been resorted to. When this fails they're going to have to come each of our houses and torture our pets until we switch. Weak men fight dirty !! Title: Re: Losing faith in BTC... Post by: burnedbyfees on November 13, 2017, 08:28:20 PM Stop spreading the fear on nonsensical !! Match and beat his current wages and your wish will be his command. Why is that so far not one single BCH shill has acknowledged that all of the present woes are directly their doing? It's perfectly clear yet we're supposed to take them seriously as contenders. All BCH has to do is be better. That's it. None of the previous hijacks were any good. This isn't either so this is what's been resorted to. When this fails they're going to have to come each of our houses and torture our pets until we switch. It's actually completely turned the community against them and all involved. So underhanded, manipulative and disgusting. The rep of BCH is dirt now, even with very, very rich backers they can only pump it a little at a time before it fails, that's how hated it is. Traders aren't even trading it on principle, I never thought I'd see the day when YoBit pumpers will not join in on a P&D but BCH is at least uniting us all against it. Piece of shit coin pushed by piece of shit borderline criminals who've managed to turn everyone against them other than a few bag holders who probably hate them too if they would admit it. Title: Re: Losing faith in BTC... Post by: Anarc Senior on November 13, 2017, 08:35:31 PM [quote author=freeElectron.
My replay was to the graph that showed how btc has always kept going. Well, then I do the same.. I extrapolate the current graph and say this is how it always will be. In this case, we will see $100 transaction fee within 3 months. [/quote] You Sir: obviously are not a man of science ! 1). I did not "extrapolate" my argument. A well informed decision should be based on historical data. 2). You Sir extrapolated your idea and thought on. a) none linear data. b) small data point Title: Re: Losing faith in BTC... Post by: LordDisick on November 13, 2017, 08:45:58 PM I don't understand what the fuss is all about. Bitcoin has been like this way before but eventually recovered. We must not panic right away because I believe bitcoin price is going to increase again.
Title: Re: Losing faith in BTC... Post by: illinest on November 13, 2017, 08:57:43 PM All BCH has to do is be better. That's it. None of the previous hijacks were any good. This isn't either so this is what's been resorted to. Clearly, they're trying to use the price to test BTC holders' pain thresholds. The timing of Roger Ver's BTC transfers to Bitfinex lines up perfectly with the price action. Remember the bearwhale on Bitstamp at $300? Roger Ver is trying to play the bearwhale now. How long can that really last? How many coins does this guy have? When this fails they're going to have to come each of our houses and torture our pets until we switch. Pretty much. I think this is the last resort. They are literally dumping their coins as early adopters to prop up the BCH price. And Jihan Wu is in full propaganda mode on Twitter. He even tried to use the "Segwit2x = free coins" narrative (https://twitter.com/JihanWu/status/929436089172889600) to get people to buy his shitcoins during the pump. Title: Re: Losing faith in BTC... Post by: krisnt80 on November 13, 2017, 08:59:00 PM Crypto has becamed a game of sharks, where they can easy manipulate any currencie value, bch has been advertised as the new fork wich would replaced bitcoin, something we know wouldnt happen soo easy, but sure miners and big investos has huge influence into bitcoin, even being decentralized it can be manipulated.
Title: Re: Losing faith in BTC... Post by: burnedbyfees on November 13, 2017, 09:03:53 PM Crypto has becamed a game of sharks, where they can easy manipulate any currencie value, bch has been advertised as the new fork wich would replaced bitcoin, something we know wouldnt happen soo easy, but sure miners and big investos has huge influence into bitcoin, even being decentralized it can be manipulated. Only so far it seems, they can nudge things up and down but can't get what they want if no-one else does. Title: Re: Losing faith in BTC... Post by: CryptoProcent on November 13, 2017, 09:08:41 PM I dont lose my faith in Btc yet.
Yes ... bitcoin have some problem with lot of unconfirmed transaction, SegWit fork, etc, but I think for medium / long terms all will be right. Title: Re: Losing faith in BTC... Post by: 2fresh on November 13, 2017, 09:10:30 PM I dont lose my faith in Btc yet. Yes ... bitcoin have some problem with lot of unconfirmed transaction, SegWit fork, etc, but I think for medium / long terms all will be right. There has been like a backlog of 100k unconfirmed transactions for a long time already, besides the spike caused by bch group there is no need to worry. Title: Re: Losing faith in BTC... Post by: ImHash on November 13, 2017, 09:20:30 PM Don't act like a noob :D see the charts before making any decision, When bitcoin price is dropping and another coin is rising, What lesson you should learn from that? They are dumping bitcoin to buy and accumulate their own version of bitcoin, No new investor from the different layers of society is actually investing with their hard earned cash. When price of bitcoin is moving uphill and bcash is reaching $5000 even if people are dumping it but it would hit $5000 regardless, That is when you lose your sh*t and get the f*ck out, Until then don't let them shake you.
Title: Re: Losing faith in BTC... Post by: exstasie on November 13, 2017, 09:20:59 PM I don't understand what the fuss is all about. Bitcoin has been like this way before but eventually recovered. We must not panic right away because I believe bitcoin price is going to increase again. The interesting thing this time is that the combined price of Bitcoin and Bcash (Bitcoin's fork which gave away "free coins") has stayed ~ $7500 - $8500. The combined price actually made a new all-time high recently. So we have to admit that the market dynamic has changed, at least for the moment. BTC and BCH appear to have a direct negative correlation......I've never seen anything quite like it. I don't think this is a permanent situation, though. As others have pointed out, Roger Ver's publicly identified coins were sent to Bitfinex and coincide with high volume BTCUSD selling. Presumably, this also corresponds with high volume BCHUSD buying. The arbitrage bots take care of the BCHBTC market. The old whales can only knock around the price for so long. This might actually be really bullish long term: we're finally getting Roger Ver to dump his bitcoins. I hope we get a Hearn-like rage quit too. Title: Re: Losing faith in BTC... Post by: Ucy on November 13, 2017, 10:19:29 PM This sounds very familiar. Always using thesame pattern...
You should have gone straight to the point. Smh Title: Re: Losing faith in BTC... Post by: dzkazmi on November 13, 2017, 10:42:17 PM See bitcoin is not going any where don't worry, and bitcoin cash wont succeed like that in a longer run. Hold your bitcoins tight and see the magics.
Title: Re: Losing faith in BTC... Post by: DuaLipa on November 13, 2017, 11:00:38 PM See bitcoin is not going any where don't worry, and bitcoin cash wont succeed like that in a longer run. Hold your bitcoins tight and see the magics. I totally agree with you on this topic. We should let bitcoin be hurted by other fork coins. They can't do anything to bitcoin if the society of bitcoin stays high. We answered them in the best way on our trades, we never bought bitcoin cash and dumped all on them. Title: Re: Losing faith in BTC... Post by: Oceat on November 13, 2017, 11:03:04 PM I don't understand what the fuss is all about. Bitcoin has been like this way before but eventually recovered. We must not panic right away because I believe bitcoin price is going to increase again. The interesting thing this time is that the combined price of Bitcoin and Bcash (Bitcoin's fork which gave away "free coins") has stayed ~ $7500 - $8500. The combined price actually made a new all-time high recently. So we have to admit that the market dynamic has changed, at least for the moment. BTC and BCH appear to have a direct negative correlation......I've never seen anything quite like it. I don't think this is a permanent situation, though. As others have pointed out, Roger Ver's publicly identified coins were sent to Bitfinex and coincide with high volume BTCUSD selling. Presumably, this also corresponds with high volume BCHUSD buying. The arbitrage bots take care of the BCHBTC market. The old whales can only knock around the price for so long. This might actually be really bullish long term: we're finally getting Roger Ver to dump his bitcoins. I hope we get a Hearn-like rage quit too. Title: Re: Losing faith in BTC... Post by: BiTZeD on November 13, 2017, 11:10:44 PM It was a temporary phenomenon. Soon all will return into place. What a wise piece of words. Bitcoin Cash is just a puppet crypto-currency for Bitmain. When people will realise that, they will save so much money ! Bitcoin Cash is a greedy cash machine for its creators, and the money, well, is taken from you. Title: Re: Losing faith in BTC... Post by: FaithETH on November 13, 2017, 11:14:04 PM People are panicking way too much, it's not the end of the world. Of course it caused confusion and fear, but it's not going to be a nail in the coffin of bitcoin and cryptocurrencies.
Title: Re: Losing faith in BTC... Post by: secdark on November 13, 2017, 11:14:21 PM See bitcoin is not going any where don't worry, and bitcoin cash wont succeed like that in a longer run. Hold your bitcoins tight and see the magics. I totally agree with you on this topic. We should let bitcoin be hurted by other fork coins. They can't do anything to bitcoin if the society of bitcoin stays high. We answered them in the best way on our trades, we never bought bitcoin cash and dumped all on them. I think now bitcoin cash is lossing its value now because segwit2x will not take place . Bitcoin cash is really high because of the fork and other than that it is really not good coin though we can earn profit from it in this period of time but still it will die soon and lose its value Title: Re: Losing faith in BTC... Post by: yamortsac on November 13, 2017, 11:16:24 PM Why losing faith in bitcoin? as we all know it always happen, the price goes up and down . we should not be worry because even bitcoin price drop it always recover and rising up again.
Title: Re: Losing faith in BTC... Post by: peach56 on November 13, 2017, 11:37:40 PM I have been following Cryptocurrecnies for a long time now and I have seen an economic revolution take place like no other in market history. Bitcoin has not just become a currency that is used by the cyber-scene, but a currency that has been invested in by many large multinationals to tech start ups launching ICO's. I think although Bitcoins bubble may stagnate or lightly fluctuate downwards the impact and security provided by a growing amount of businesses will inevitably save this cryptocurrency from fully bursting to the $1 per BTC we were used to back in 2013.
Title: Re: Losing faith in BTC... Post by: ranman09 on November 13, 2017, 11:48:12 PM Bitcoin is now going back on track. Actually i was to. I panicked i was actually to sell half. But good i read twitter updates. I just hope the core do things consumer wise. So there wont be another fork ponting out Bitcoin's issues
Title: Re: Losing faith in BTC... Post by: chichigirl on November 13, 2017, 11:51:50 PM Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. It feels pretty obvious to me that BTC is the best thing ever and BCH is built upon greed, but I'm not entirely confident that either will win in the end anymore. The huge boost in BCH overnight makes me wonder if anything in the crypto world is legit. Seems like everything is based upon greed. All the figure heads that are suppose to support BTC started being like "oh yeah, BCH is the new bitcoin now guys". John Mccafee (yup, the guy who said he'd eat his own dick on TV if BTC doesn't make it to $500,000 by 2020) is all like BCH is the solution blah blah blah. I figured okay, people are getting paid off to say stuff like this, he's a miner after all so he's looking for money. But then I started reading the core developer's tweets. They either don't talk about BCH, but even some of them were talking about BCH taking over. I get that pump and dumps are going to happen, but when developers are switching to BCH this means either two things. One, BCH will become the new BTC. Two, developers are greedy and care about making money than BTC. Another part of me wonders whether this was a pump and dump or not. Perhaps BCH really is better now. Decentralization, limited supply, medium of exchange, store of value. These words are thrown around a lot when describing BTC, but it just seems to me that people really care only about money. When the developers are like this, that is means for worry. This means people will make changes to BTC strictly for hype to make money, even if it actually hurts the security of the coin. The only figure head in the crypto world that I feel is trustworthy is the creator of LTC. My reasons are this: 1) He hasn't pumped the crap out of Litecoin with false propaganda 2) He was awkward on TV when talking about Litecoin 3) Intuitively seems more genuine Last night has left me depressed all day today. I'm very bothered by this. I feel like if I go with BCH I lose. If I go with BTC I lose. I feel like BTC is the good guy and BCH is the evil guy. However, BCH might win in the end. I see possible +EV with BCH though. So last night I caved guys. I caved. I feel sad but I did. I bought BCH which I thought I would never do (I didn't sell most of my BTC, It is like a hedge I suppose). Just seems like the +EV thing to do. Couldn't figure out if it was a pump/dump or a takeover so went with my limited knowledge. If BCH makes it to $3,000ish I will dump some of my BCH for BTC again. I'm distraught guys and not in a good way either. I kind of feel like I might be getting played, but I might be making the right decision. Bitcoin is started to go back and started to pump again. I am not loosing faith in BTC i am confident that btc will recover again. I am more confident with btc than putting my investment to a coin that is being controlled and managed by someone else. Title: Re: Losing faith in BTC... Post by: Anarc Senior on November 14, 2017, 12:31:01 AM Ok everyone:
Instead of running around screaming worry and arguing about something that you don't understand, listening to FUD and bad advices. Once in for all, please listen to Andreas Antonopoulos (on his speech attached below) and try to get in depth of this complex issue - figure it out on your own...Andreas will not going to tell which coin to choose. But if you listen carefully enough (for approximately 30 minutes - be patien). In the end, you will know yourself whose is telling the true and who is phony ... Let me give you a little hint: increasing the blockchain size like what the BCH supporters have been pushing will not work and it's all bull shits - stop listening to the lies: https://youtu.be/AecPrwqjbGw Title: Re: Losing faith in BTC... Post by: care2yak on November 14, 2017, 01:03:37 AM I kind of have the same sentiment that it's all about the money. The miners are doing what they're doing because they want what is profitable for them. The bitcoin cash weekend showed what happens to bitcoin when miners shift their mining activities to an alt of btc. BCH is still an alt of bitcoin. Someone pumped bch and so mining shifted there because they see profit there, therefore affecting bitcoin transactions. So this goes to show that regular bitcoin users can be at the mercy of miners and large business owners who can manipulate either asset.... right? :-\ ???
Title: Re: Losing faith in BTC... Post by: DoublerHunter on November 14, 2017, 05:54:40 AM Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. It feels pretty obvious to me that BTC is the best thing ever and BCH is built upon greed, but I'm not entirely confident that either will win in the end anymore. The huge boost in BCH overnight makes me wonder if anything in the crypto world is legit. Seems like everything is based upon greed. All the figure heads that are suppose to support BTC started being like "oh yeah, BCH is the new bitcoin now guys". John Mccafee (yup, the guy who said he'd eat his own dick on TV if BTC doesn't make it to $500,000 by 2020) is all like BCH is the solution blah blah blah. I figured okay, people are getting paid off to say stuff like this, he's a miner after all so he's looking for money. But then I started reading the core developer's tweets. They either don't talk about BCH, but even some of them were talking about BCH taking over. I get that pump and dumps are going to happen, but when developers are switching to BCH this means either two things. One, BCH will become the new BTC. Two, developers are greedy and care about making money than BTC. Another part of me wonders whether this was a pump and dump or not. Perhaps BCH really is better now. Decentralization, limited supply, medium of exchange, store of value. These words are thrown around a lot when describing BTC, but it just seems to me that people really care only about money. When the developers are like this, that is means for worry. This means people will make changes to BTC strictly for hype to make money, even if it actually hurts the security of the coin. The only figure head in the crypto world that I feel is trustworthy is the creator of LTC. My reasons are this: 1) He hasn't pumped the crap out of Litecoin with false propaganda 2) He was awkward on TV when talking about Litecoin 3) Intuitively seems more genuine Last night has left me depressed all day today. I'm very bothered by this. I feel like if I go with BCH I lose. If I go with BTC I lose. I feel like BTC is the good guy and BCH is the evil guy. However, BCH might win in the end. I see possible +EV with BCH though. So last night I caved guys. I caved. I feel sad but I did. I bought BCH which I thought I would never do (I didn't sell most of my BTC, It is like a hedge I suppose). Just seems like the +EV thing to do. Couldn't figure out if it was a pump/dump or a takeover so went with my limited knowledge. If BCH makes it to $3,000ish I will dump some of my BCH for BTC again. I'm distraught guys and not in a good way either. I kind of feel like I might be getting played, but I might be making the right decision. Bitcoin is started to go back and started to pump again. I am not loosing faith in BTC i am confident that btc will recover again. I am more confident with btc than putting my investment to a coin that is being controlled and managed by someone else. Title: Re: Losing faith in BTC... Post by: SixOfFive on November 14, 2017, 06:38:31 PM Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. It feels pretty obvious to me that BTC is the best thing ever and BCH is built upon greed, but I'm not entirely confident that either will win in the end anymore. The huge boost in BCH overnight makes me wonder if anything in the crypto world is legit. Seems like everything is based upon greed. All the figure heads that are suppose to support BTC started being like "oh yeah, BCH is the new bitcoin now guys". John Mccafee (yup, the guy who said he'd eat his own dick on TV if BTC doesn't make it to $500,000 by 2020) is all like BCH is the solution blah blah blah. I figured okay, people are getting paid off to say stuff like this, he's a miner after all so he's looking for money. But then I started reading the core developer's tweets. They either don't talk about BCH, but even some of them were talking about BCH taking over. I get that pump and dumps are going to happen, but when developers are switching to BCH this means either two things. One, BCH will become the new BTC. Two, developers are greedy and care about making money than BTC. Another part of me wonders whether this was a pump and dump or not. Perhaps BCH really is better now. Decentralization, limited supply, medium of exchange, store of value. These words are thrown around a lot when describing BTC, but it just seems to me that people really care only about money. When the developers are like this, that is means for worry. This means people will make changes to BTC strictly for hype to make money, even if it actually hurts the security of the coin. The only figure head in the crypto world that I feel is trustworthy is the creator of LTC. My reasons are this: 1) He hasn't pumped the crap out of Litecoin with false propaganda 2) He was awkward on TV when talking about Litecoin 3) Intuitively seems more genuine Last night has left me depressed all day today. I'm very bothered by this. I feel like if I go with BCH I lose. If I go with BTC I lose. I feel like BTC is the good guy and BCH is the evil guy. However, BCH might win in the end. I see possible +EV with BCH though. So last night I caved guys. I caved. I feel sad but I did. I bought BCH which I thought I would never do (I didn't sell most of my BTC, It is like a hedge I suppose). Just seems like the +EV thing to do. Couldn't figure out if it was a pump/dump or a takeover so went with my limited knowledge. If BCH makes it to $3,000ish I will dump some of my BCH for BTC again. I'm distraught guys and not in a good way either. I kind of feel like I might be getting played, but I might be making the right decision. This is the real issue....People start building and loosing faiths overnight. You are talking like a newbie man. If there is some bounce in the price, people like you start saying that BTC is a new future....its arevolution, we see it at $20k-30k-50k by 2018...and blah blah blah. And If it price fall by 10%...we don't believe it, its decentralized, no authentication, Fiat is best etc etc... Such people often create panic or excitement in the market which result to soar or crash. But let me clear you 1 thing both are temporary. We were already expecting a dip after hardfork...now as sw2x canceled, crash is pretty sure to happen. Nothing to panic about it...it just a common market trend. If BCH is rising...it does not mean BTC is dead. So keep calm and HODL your BTC tight. Title: Re: Losing faith in BTC... Post by: Haunebu on November 14, 2017, 06:48:37 PM I kind of have the same sentiment that it's all about the money. The miners are doing what they're doing because they want what is profitable for them. The bitcoin cash weekend showed what happens to bitcoin when miners shift their mining activities to an alt of btc. BCH is still an alt of bitcoin. Someone pumped bch and so mining shifted there because they see profit there, therefore affecting bitcoin transactions. So this goes to show that regular bitcoin users can be at the mercy of miners and large business owners who can manipulate either asset.... right? :-\ ??? I agree with your point. In a way, the crypto world is somewhat dependent on the miners. The miners do manipulate the markets in different ways and I have been observing this from quite sometime. This is not necessarily a bad thing since the miners do help bitcoin survive in a way, but this also means centralization to an extent which we must deal with and there is no solution to this for now atleast.Title: Re: Losing faith in BTC... Post by: burnedbyfees on November 14, 2017, 07:05:00 PM http://bitcoincashplus.org/
;D Coming soon, this is the real Bitcoin Cash this is what Satoshi would have wanted. 8) Maybe we can get Roger Ver to become a Bitcoincashplus whale? Title: Re: Losing faith in BTC... Post by: KylesmomisaB on November 14, 2017, 07:32:09 PM Dont lose faith man even when things seem bleak. Btw last night was not bleak it was merely a pump that was well put together and in order to do that properly making up some bs along the way will probably happen too. I
too was not happy when seeing BCH was going to "take over" BTC but this was never going to happen. It was to create hype, and then dump on those poor unsuspecting souls. Main thing in crypto is to stay on top of it and not get scammed, you can be sure BTC will be around in the years coming. Title: Re: Losing faith in BTC... Post by: ranman09 on November 14, 2017, 11:43:22 PM http://bitcoincashplus.org/ ;D Coming soon, this is the real Bitcoin Cash this is what Satoshi would have wanted. 8) Maybe we can get Roger Ver to become a Bitcoincashplus whale? Whats the difference of this than other forks? And ofcourse bitcoin? Is there a major difference? Title: Re: Losing faith in BTC... Post by: Quesdana on November 15, 2017, 12:15:01 AM See bitcoin is not going any where don't worry, and bitcoin cash wont succeed like that in a longer run. Hold your bitcoins tight and see the magics. I will not lose hope in bitcoin as long as it is still existing, I believe that bitcoin price will increase again. Maybe not now but sooner or later it will recover so I will stick to bitcoin until the time that it will recover again. Yes, it may be a little bit risky if we keep on waiting for that time but I don't care because I trust in bitcoin and I don't want to lose my hope just because its price currently decreases. Title: Re: Losing faith in BTC... Post by: bornforfreedom on November 15, 2017, 12:17:41 AM Bitcoin has been going crazy lately especially with the cancelled fork and BCH. It does make me question it a lot but at the same time, it's still in high demand
Title: Re: Losing faith in BTC... Post by: zoran.drobnjak on November 15, 2017, 12:20:10 AM It seems that its price is stuck at 6500 range for days now :-\
Title: Re: Losing faith in BTC... Post by: burnedbyfees on November 15, 2017, 12:22:46 AM http://bitcoincashplus.org/ ;D Coming soon, this is the real Bitcoin Cash this is what Satoshi would have wanted. 8) Maybe we can get Roger Ver to become a Bitcoincashplus whale? Whats the difference of this than other forks? And ofcourse bitcoin? Is there a major difference? No, no difference at all, I think it's mainly a joke to troll people who bought Bitcoin Cash. But I assume it's launching on the 2nd Jan. Title: Re: Losing faith in BTC... Post by: gentlemand on November 15, 2017, 12:42:49 AM It seems that its price is stuck at 6500 range for days now :-\ The price was stuck at $250 for what seemed like forever really not that long ago. At the start of this year $6500 would've seemed like an impossible dream. Title: Re: Losing faith in BTC... Post by: yhan2x on November 15, 2017, 12:47:04 AM i'm not losing faith in bitcoin, i was only surprise when the cryptocurrency priced down in a huge price. it lost $1000 nowadays, but i think bitcoin will come back on a few days.
Title: Re: Losing faith in BTC... Post by: tmawheba on November 15, 2017, 12:52:00 AM My advise and suggestion to every one is don't lose your faith in Bitcoin. As everybody knows that price correction is quiet normal compare with the other cryptocurrency Bitcoin is far better in performance and expecting bitcoin will surely bounce back.
Title: Re: Losing faith in BTC... Post by: Xanxus024 on November 15, 2017, 01:03:21 AM I still believe in bitcoin i think the value for now is decreasing but i know for sure it will rise again. Don't be on panic mode right away just keep are bitcoin and wait until it will increase again.
Title: Re: Losing faith in BTC... Post by: prehisto on November 15, 2017, 01:08:02 AM How you can see, that there is no reason to begin to panic.
I dont feel so sad because of BCH pump since it is nature of people - greed! But in the same time I feel sad tat BTC will not be widely accepted shops around the globe, simply because it is not rational, so expensive and soo slow. BTC will remain the "GOLD" and my hope is that we will use other alts for payments and the start of that would have been BTC. Title: Re: Losing faith in BTC... Post by: Nyenyepogi on November 15, 2017, 01:15:17 AM Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. It feels pretty obvious to me that BTC is the best thing ever and BCH is built upon greed, but I'm not entirely confident that either will win in the end anymore. This is sad truth some people sell their bitcoins because of that they are panic when the bitcoins falls down again they thought that bitcoin will die so some people lose faith in bitcoin! Dont panic because bitcoin will going rise again.The huge boost in BCH overnight makes me wonder if anything in the crypto world is legit. Seems like everything is based upon greed. All the figure heads that are suppose to support BTC started being like "oh yeah, BCH is the new bitcoin now guys". John Mccafee (yup, the guy who said he'd eat his own dick on TV if BTC doesn't make it to $500,000 by 2020) is all like BCH is the solution blah blah blah. I figured okay, people are getting paid off to say stuff like this, he's a miner after all so he's looking for money. But then I started reading the core developer's tweets. They either don't talk about BCH, but even some of them were talking about BCH taking over. I get that pump and dumps are going to happen, but when developers are switching to BCH this means either two things. One, BCH will become the new BTC. Two, developers are greedy and care about making money than BTC. Another part of me wonders whether this was a pump and dump or not. Perhaps BCH really is better now. Decentralization, limited supply, medium of exchange, store of value. These words are thrown around a lot when describing BTC, but it just seems to me that people really care only about money. When the developers are like this, that is means for worry. This means people will make changes to BTC strictly for hype to make money, even if it actually hurts the security of the coin. The only figure head in the crypto world that I feel is trustworthy is the creator of LTC. My reasons are this: 1) He hasn't pumped the crap out of Litecoin with false propaganda 2) He was awkward on TV when talking about Litecoin 3) Intuitively seems more genuine Last night has left me depressed all day today. I'm very bothered by this. I feel like if I go with BCH I lose. If I go with BTC I lose. I feel like BTC is the good guy and BCH is the evil guy. However, BCH might win in the end. I see possible +EV with BCH though. So last night I caved guys. I caved. I feel sad but I did. I bought BCH which I thought I would never do (I didn't sell most of my BTC, It is like a hedge I suppose). Just seems like the +EV thing to do. Couldn't figure out if it was a pump/dump or a takeover so went with my limited knowledge. If BCH makes it to $3,000ish I will dump some of my BCH for BTC again. I'm distraught guys and not in a good way either. I kind of feel like I might be getting played, but I might be making the right decision. Title: Re: Losing faith in BTC... Post by: putrii on November 15, 2017, 01:24:05 AM I sell my bitcoin loss and buy bitcoin cash but its price can not get expensive again until $ 2000 seems like it's still a long time.
Title: Re: Losing faith in BTC... Post by: jonemil24 on November 15, 2017, 01:42:34 AM Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. It feels pretty obvious to me that BTC is the best thing ever and BCH is built upon greed, but I'm not entirely confident that either will win in the end anymore. I neither love BCH nor hate it, but hey, I made a profit from it, I blindly traded my BTC to BCH when it was around 0.05 and traded it back when BCH became 0.2. Instead of losing your faith on a coin; why not try to trade it and make profit from it. It was the Chinese who's feeding BCH, they said, and Nick Szabo; who's believed to be Satoshi Nakamoto is backing BCH. Believe me, a true FATHER will never abandon his child. Don't worry about the crash, it's just some weird corrections and pumping/dumping of coins and worry if you bought it at the highest. Title: Re: Losing faith in BTC... Post by: kimochidesh on November 15, 2017, 08:46:16 PM Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. It feels pretty obvious to me that BTC is the best thing ever and BCH is built upon greed, but I'm not entirely confident that either will win in the end anymore. I'm neither love BCH nor hate it, but hey; I made a profit from it, I blindly traded my BTC to BCH when it was around 0.05 and traded it back when BCH became 0.2. Instead of losing your faith on a coin; why not try to trade it and make profit from it. It was the chinese who's feeding BCH, they said, and Nick Szabo; who's believed to be Satoshi Nakamoto is backing BCH. Believe me, a true FATHER will never abandon his child. But if it crashes to 1 usd or 1 php, I'm gonna really buy hard. Don't worry about the crash, it's just some weird corrections and pumping/dumping of coins and worry if you bought it at the highest. I don't think it will ever crash to 1 USD. After this surge in BCH price, investors do realize that BCH is a great substitute of BTC in terms of low fees and fast transaction. I talked to many investors about it, whom I know personally and they said they will going to HODL the BCH instead of selling it on Hikes. I think Max it can come down to $800...but don't expect less than it in near future. Title: Re: Losing faith in BTC... Post by: Kaller on November 15, 2017, 09:13:29 PM If you are losing faith in BTC then you should sell and do what everybody else is doing which is buying BCH, right? Wrong! Don't listen to the hype and look into what really matters. If you cannot shut out the noise and you are susceptible to getting excited and being invested in projects without doing the proper research then you are never going to succeed in any. BTC will never die, it'll be the world's reserve currency forever.
Title: Re: Losing faith in BTC... Post by: wledgewil on November 15, 2017, 09:28:42 PM That is life, one day it falls and it other day it gains that is Trading, Trading is business, We will have ups and downs.
We are in the crypto platform now with our bitcoin train we have to understand that bitcoin is the first crypto currency and bitcoin price may keep a dip for a while like station and our bitcoin train again keeps moving this is how our economic principle is regulating the bitcoin. Yes its all about demand and supply. The demand of bitcoin will be constant reason behind is there are lot of transactions with bitcoin in various sectors taking place, our bitcoin lovers even encouraging bitcoin transactions as payment mode in their own business. Losing faith in bitcoin is out of box, if we study the bitcoin, regulation whether it is on economic principle or the government regulating it. Government fears for our bitcoin, reason bitcoin is a competitor for banks, so i recommend you to remove losing and have faith in bitcoin like us, we can taste its profits. Title: Re: Losing faith in BTC... Post by: LancienMaleAlpha on November 15, 2017, 09:39:09 PM Just follow Bitcoin hashrate and the number of ICOs that are using BCH to understand the situation. Anyways, there should only 1 crypto survive in the end of this long battle.
Title: Re: Losing faith in BTC... Post by: Chrystora123 on November 15, 2017, 09:41:54 PM I see a lot of people saying this will correct and the currency will return to 'normal' its normal is the price Bitcoin will continue to rise, lol,What is the 'normal' it will return to? Will transaction wait times go back to one block? Will fees shrink or ever go back to being able to transact feeless? Will this currency ever be used like a currency again? Will I ever be able to make microtransactions? Will I ever be able to send transactions with many small inputs? Will I ever be able to buy a cup of coffee with bitcoin? What's the point of this "currency" any more? People are seriously comparing btc transactions to Western Union now saying that $10 fees aren't that bad. This is not the bitcoin world I came to circa 2012. increment BCH is a drama played by rebel Pump, Bitcoin community is currently fighting with the people who do not like Bitcoin including the government ... Title: Re: Losing faith in BTC... Post by: cindygirl on November 15, 2017, 09:50:45 PM Just follow Bitcoin hashrate and the number of ICOs that are using BCH to understand the situation. Anyways, there should only 1 crypto survive in the end of this long battle. Why must only one survive? I do not understand why people believe that BCH and BTC cannot coexist, they both offer utility to their users in different ways and both rightfully have a place, of course maybe one will dominate but that does not mean the other should have no place. Title: Re: Losing faith in BTC... Post by: crytomusica on November 15, 2017, 09:55:50 PM http://bitcoincashplus.org/ ;D Coming soon, this is the real Bitcoin Cash this is what Satoshi would have wanted. 8) Maybe we can get Roger Ver to become a Bitcoincashplus whale? Whats the difference of this than other forks? And ofcourse bitcoin? Is there a major difference? No, no difference at all, I think it's mainly a joke to troll people who bought Bitcoin Cash. But I assume it's launching on the 2nd Jan. Yeah, totally agreed. nothing more than a troll news. we got really tired with those kind of empty posts. Title: Re: Losing faith in BTC... Post by: squatter on November 15, 2017, 09:57:55 PM Just follow Bitcoin hashrate and the number of ICOs that are using BCH to understand the situation. The hash rate can only give us limited information. We can take a broad overview regarding these trends --- whether miners are investing in Bitcoin or pointing their hash rate at other coins, or shutting down entirely. But we can't know what kind of R&D into chip fabrication is happening behind the scenes. And we also don't know how much hardware is waiting in lie for the next difficulty adjustment. It's also important to note Bitmain's dominant position in the chip fabrication industry. They control a lot of the hash rate and they also dominate much of the ASIC hardware sector. They can manipulate our perceptions around the hash rate. Anyways, there should only 1 crypto survive in the end of this long battle. I disagree. Bcash isn't worth investing in, IMO. But there are many other interesting coins that have bright futures. Title: Re: Losing faith in BTC... Post by: Mabyouka on November 15, 2017, 10:02:34 PM We should never loose faith in btc !!! It's a real source of money and a lot of people had their lifes turned to be very good due to it !
People got job opportunities from it and started to work hard for something that returned them enough money to have a good life and they don't have to scam , steal or beg for money any more ! Title: Re: Losing faith in BTC... Post by: spngebob on November 15, 2017, 10:03:28 PM It seems that its price is stuck at 6500 range for days now :-\ Stuck? You are not being realistic, after all shits which happened to bitcoin lately 6500 is great price. And look just 12 hours after your post price jumped to 7200 - bitcoin is back, bigger and stronger. Don't panic, everything will be just fine ;) Title: Re: Losing faith in BTC... Post by: Harrisonimo on November 15, 2017, 10:06:31 PM A temporary deep in the price of bitcoin or big rise in an altcoin still doesn't count for losing faith in Bitcoin. These are main market happenings that is bound to happen and that's what makes the market exciting too. I would probably agree with the loss of faith if or when bitcoin goes out; a real crash! But that isn't happening. Like most people agree and have said that Bitcoin is unstoppable, this is what I believe and know for sure.
Title: Re: Losing faith in BTC... Post by: william8829 on November 15, 2017, 10:37:15 PM A few days ago when Bitcoin was dipping and the usual BTC bashing suspects pickup where they left off, BTC drops BTCC rises. I did not feel fear just deflated. The feeling doesn't last long. I remind myself the crypto world is about survival of the fittest. It resembles the wild west. Only two types of people lived in the wild west, those desperate and/or looking for adventure. I do not want to be a whitepaper toting central bank despising disciple of Bitcoin desperate for change. Change will happen naturally from great ideas not from greed. Have fun.
Title: Re: Losing faith in BTC... Post by: bitcoin31 on November 15, 2017, 10:41:07 PM Because you lose your faith you lose some profit. Because if you believe in bitcoin on the day decreased the price and you bought for sure you are happy now because you earn profit because the price of bitcoin again increase and its already 7200 dollars.
Title: Re: Losing faith in BTC... Post by: diguyo on November 15, 2017, 10:42:29 PM Why would you lose faith? BTC does what BTC does, that's moon, correct, moon again....on a mission to adding further zeros to our bank accounts. It's glorious.
Title: Re: Losing faith in BTC... Post by: tabas on November 15, 2017, 10:47:09 PM People that are losing faith in bitcoin are the panic sellers or newbies that just witnessed bitcoin at dip and correction at it's finest. If you are not prepared for the worst in bitcoin, while it's up again you better pull out your funds as it can happen again so that you won't complain again when it comes.
Title: Re: Losing faith in BTC... Post by: psibenik on November 15, 2017, 10:55:38 PM Transaction fees are high, but I can't see BTC crashing because of it. Alts will take over if it's not fixed but it won't happen overnight.
Title: Re: Losing faith in BTC... Post by: PrisonerOfLies on November 15, 2017, 10:59:25 PM BTC will rise once again, this BCC pump and dump will die its natural cause.
Title: Re: Losing faith in BTC... Post by: johntradez on November 15, 2017, 11:04:30 PM I think BTC will remain king until there is another standard for purchasing alts and I can't imagine that right now. Every popular crypto twitter quotes trade prices in sats. So unless people start looking at the ETH equivalent of an alt or can buy alts directly with fiat, BTC will continue to reign supreme.
Title: Re: Losing faith in BTC... Post by: Jahreer on November 15, 2017, 11:04:52 PM I loose faith just in what Bitcoin appeared to be 5-6 years ago: anonymous currency of libertarian world economy.. All the rest is still OK (oh, except the number of unconfirmed transactions ;D)
Title: Re: Losing faith in BTC... Post by: thet on November 15, 2017, 11:09:57 PM I am not loosing my faith with bitcoin, i still believe that bitcoin can give me a greater future. Bitcoin is currently recovering and going back to the higher prie again.
Title: Re: Losing faith in BTC... Post by: Gabb on November 15, 2017, 11:59:39 PM To be honest, the speculation and high volatility that occurred a few days ago was also very painful for me to see the easy way in which speculators can manipulate so abruptly the price of bitcoin and the altcoin market in general. This will never be healthy for bitcoin or for investors who started looking at bitcoin as a valid option to invest.
I have no doubt that after that dark episode, many people will have become disillusioned with bitcoin, which will undoubtedly be detrimental to the entire ecosystem and will greatly delay any attempt to promote its massive adoption. Title: Re: Losing faith in BTC... Post by: bakkang on November 16, 2017, 12:21:35 AM Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. It feels pretty obvious to me that BTC is the best thing ever and BCH is built upon greed, but I'm not entirely confident that either will win in the end anymore. The huge boost in BCH overnight makes me wonder if anything in the crypto world is legit. Seems like everything is based upon greed. All the figure heads that are suppose to support BTC started being like "oh yeah, BCH is the new bitcoin now guys". John Mccafee (yup, the guy who said he'd eat his own dick on TV if BTC doesn't make it to $500,000 by 2020) is all like BCH is the solution blah blah blah. I figured okay, people are getting paid off to say stuff like this, he's a miner after all so he's looking for money. But then I started reading the core developer's tweets. They either don't talk about BCH, but even some of them were talking about BCH taking over. I get that pump and dumps are going to happen, but when developers are switching to BCH this means either two things. One, BCH will become the new BTC. Two, developers are greedy and care about making money than BTC. Another part of me wonders whether this was a pump and dump or not. Perhaps BCH really is better now. Decentralization, limited supply, medium of exchange, store of value. These words are thrown around a lot when describing BTC, but it just seems to me that people really care only about money. When the developers are like this, that is means for worry. This means people will make changes to BTC strictly for hype to make money, even if it actually hurts the security of the coin. The only figure head in the crypto world that I feel is trustworthy is the creator of LTC. My reasons are this: 1) He hasn't pumped the crap out of Litecoin with false propaganda 2) He was awkward on TV when talking about Litecoin 3) Intuitively seems more genuine Last night has left me depressed all day today. I'm very bothered by this. I feel like if I go with BCH I lose. If I go with BTC I lose. I feel like BTC is the good guy and BCH is the evil guy. However, BCH might win in the end. I see possible +EV with BCH though. So last night I caved guys. I caved. I feel sad but I did. I bought BCH which I thought I would never do (I didn't sell most of my BTC, It is like a hedge I suppose). Just seems like the +EV thing to do. Couldn't figure out if it was a pump/dump or a takeover so went with my limited knowledge. If BCH makes it to $3,000ish I will dump some of my BCH for BTC again. I'm distraught guys and not in a good way either. I kind of feel like I might be getting played, but I might be making the right decision. Don't lose hope because just like in every game that if you lose it will be the end of it but it is just a test on how strong the belief of people with bitcoin. As popularly said in this forum everything is unstable so there is the possibility that it will increase. Just still uphold with what is happening to bitcoin because I believe that it will rise again. Just like in our life that is full of ups and down and all we need to do is to believe and fight in order to survive. Title: Re: Losing faith in BTC... Post by: hyet24 on November 16, 2017, 04:06:32 AM It seems that its price is stuck at 6500 range for days now :-\ Stuck? You are not being realistic, after all shits which happened to bitcoin lately 6500 is great price. And look just 12 hours after your post price jumped to 7200 - bitcoin is back, bigger and stronger. Don't panic, everything will be just fine ;) It sounds like people bought it higher than 6000. lol Good price for you but not for them. People need to read the charts back in 2013 - 2014. Be prepare for this. It can happen but at a unpredictable rate. Like everyone said don't invest more than you can afford. Title: Re: Losing faith in BTC... Post by: dogandogru on November 17, 2017, 07:41:48 PM I don't know why people loose faith with just a small dip. BTC has again touched a new high of $8000 today.
So no need to worry..its just a regular trend. Stay invested in BTC to gain profits. Title: Re: Losing faith in BTC... Post by: Cryptomo on November 18, 2017, 12:41:33 AM we should get rid of this topic its depressing to read.
Title: Re: Losing faith in BTC... Post by: Irvinn on November 18, 2017, 05:06:17 AM The high price of bitcoin should be based on the convenience, simplicity and speed of its transactions. People do not just need a brand of bitcoin, but its functionality, which recently wants the best. Only on the basis of this, some people lose faith in the original bitcoin. If he removes his shortcomings, he will not have any problems. However, increasing its price at low bandwidth and high transaction costs still really reminds me of a bubble. And this is dangerous both for bitcoin itself, and for crypto currency in general.
Title: Re: Losing faith in BTC... Post by: Siopao on November 19, 2017, 12:28:58 PM Bitcoin is now back on track hitting almost $7,800 while bch has dumped from its recent high price. You see its a natural scenario for bitcoin to experience low points. Yes its kinda fruatrating but dont let your emotions win you over. Just trust the btc market it will always bounce back.
Title: Re: Losing faith in BTC... Post by: bitcoinVPSD on November 19, 2017, 12:54:41 PM Sometimes, I lost faith in bitcoins when I saw the value of bitcoin down too low. But I never thought about leaving bitcoin work. And I feel my decision is right
Title: Re: Losing faith in BTC... Post by: Zorbak on November 19, 2017, 12:56:11 PM You use to believe that BTC would change the world and now you loose faith? Well changing the world as you may already know it is not an easy job... so I really see no reason to loose faith on it.
Title: Re: Losing faith in BTC... Post by: swscowods on November 21, 2017, 01:15:25 PM I am not losing faith in BTC as long as i am earning from it. BTC Is the GOD of all coins no one can beat BTC in its popularity. Maybe there are coins who is much more expensive than btc but BTC is the only coin that is known worldwide. Yes definitely it is the king of coins and we must be proud as its legitimate users. There are so many coins around the market but mostly of them are not popular and their reason is just, they don’t make good money. Bitcoin does and see the overwhelming response of world getting into it. Believe me bitcoin will be the most emergingcurrency in near future and it will change the whole world.Title: Re: Losing faith in BTC... Post by: crustez00 on November 21, 2017, 01:21:20 PM I have lost some faith in bitcoin, but it does not mean that i will move all my funds to bitcoin cash or just to another crypto because of this whole panic in the forum. Yeah i think panic in the forum could become bad impact to ourself and others. bitcoin surely will regain its prices and will still pump in near future. Well, all you need is good source of news and believing your speculation :)I have made a profit of about 0.50 because of bitcoin cash. I was trading with btc/bch in the last night, and it was very profitable because i could make some profit when it was $1300 and suddenly it touched $1900, so i was lucky i guess. But i am not going to move all my funds in there, i still trust in bitcoin and i know that it has a lot of potential to keep going up. Title: Re: Losing faith in BTC... Post by: darshansetty on November 21, 2017, 01:24:32 PM there is no meaning of losing faith in bitcoin because bitcoin was the first crypto currency and there is no end for bitcoin
Title: Re: Losing faith in BTC... Post by: Vaskiy on November 21, 2017, 01:25:12 PM I am not losing faith in BTC as long as i am earning from it. BTC Is the GOD of all coins no one can beat BTC in its popularity. Maybe there are coins who is much more expensive than btc but BTC is the only coin that is known worldwide. Yes definitely it is the king of coins and we must be proud as its legitimate users. There are so many coins around the market but mostly of them are not popular and their reason is just, they don’t make good money. Bitcoin does and see the overwhelming response of world getting into it. Believe me bitcoin will be the most emergingcurrency in near future and it will change the whole world.Title: Re: Losing faith in BTC... Post by: BountySoldier on November 21, 2017, 01:28:38 PM Really don't have causes for panic or smthng. Have a lot of peoples moving from fiat to crypto mainly in BTC. Highly hope that 2018 BTC would go to 20K+. One of friend of mine predicted 12-16K to the end of this year. He never missed ever. So i Believe it grows higher.
Title: Re: Losing faith in BTC... Post by: helars2008 on November 21, 2017, 01:33:02 PM I believe that the blame of what is happening with bitcoin right now must fall upon the users and investors alike. Because we cant deny the fact that there are a lot of people who engages to bitcoin nowadays who doesnt pursue the principles of bitcoin anymore but instead uses bitcoin as a way to earn money that is why we are now having a very volatile bitcoin value.
Title: Re: Losing faith in BTC... Post by: bitfocus on November 21, 2017, 01:36:26 PM 1 Bitcoin equals 8230.42 US Dollar right now, so, why losing faith? such bump in mind or perception can not make you a good investor. If you really want some good investment advice, just keep faith in BTC and dig this forum every now and often.
Title: Re: Losing faith in BTC... Post by: anon007 on November 21, 2017, 01:37:48 PM BTC is growing and growing. Dont lose your faith. Just keep calm and watch the game. :)
Title: Re: Losing faith in BTC... Post by: ecfel on November 21, 2017, 01:38:02 PM I am done panicking, we have to be brave and confident guys. BTC win, we all win 😚
Title: Re: Losing faith in BTC... Post by: manoj kumar k on November 21, 2017, 01:39:28 PM there is no meaning in losing faith in bitcoin because bitcoin was the first crypto currency and there is no end for bitcoin
Title: Re: Losing faith in BTC... Post by: Siren on November 21, 2017, 01:41:14 PM Sometimes, I lost faith in bitcoins when I saw the value of bitcoin down too low. But I never thought about leaving bitcoin work. And I feel my decision is right I hope by now that you need not to be emotional when bitcoin price is down. I have to admit, that there are times that its really frustrated to see bitcoin going red, like we see when there is a hostile take over from BCH. But, I already saw some dips before, so I remain calm and not lost my faith because I know that it has the ability to recover again. And you(we) made the right decision because the price is above $8K now, what a bumpy ride indeed. Title: Re: Losing faith in BTC... Post by: ardhigalau on November 21, 2017, 01:42:59 PM Naturally if you are worried, BCH provides this solution and that but BTC is still the most coin in the eyes of people. No matter how high the price, people will always buy bitcoin, and BCH will lose its popularity year after year.
Title: Re: Losing faith in BTC... Post by: carodupuis on November 22, 2017, 12:37:13 PM Losing faith?? ::) You have no motivation to freeze. It is quite recently an indistinguishable route from it was some time recently, in light of the fact that in the past there were other digital currencies and individuals used to freeze, much the same as you are freezing now. Also, now you see, the individuals who held their confidence are rich as they could dream off. So stay determined and this coin will bless you more than you think.Funny thing. Check market cap since last year to nowadays. It is very obvious. BCH is pumped by Bitmain, like Dash ( to keep minimum profitability of their D3). Title: Re: Losing faith in BTC... Post by: ivanst776 on November 25, 2017, 06:34:47 AM Weak. Lets look at this one instead. https://bitinfocharts.com/comparison/bitcoin-transactionfees.html Enough of the " Transaction fee" already: Do you realize that on the fiat currency could charge up to 10% for transactions fee ? Up to 5 days to make the money transaction ? And the government takes note of how much money you have transferred ? And they have your name and your address in case they would like to come - to see you - to tell you that they decide to keep your money ? Urrrrg ! Why do we waste our time with this nonsense !! The investors have made handsome money from bitcoin investment. They are now millionaires and looking to them more and more people are investing in bitcoin. Title: Re: Losing faith in BTC... Post by: kissme09 on November 25, 2017, 06:46:55 AM I also gradually lost faith in bitcoin when its value was deviated by green whales, we are just small investors we take too much risk.
Title: Re: Losing faith in BTC... Post by: tinystone26 on November 28, 2017, 03:22:59 AM Why would a man losing faith in Bitcoin if he increases his price every day, week, month and year. Maybe if you are scam by other people that are not going to be a good to their campaign. Don't worry about that it can be back agian.
Title: Re: Losing faith in BTC... Post by: Malsetid on November 30, 2017, 05:00:28 AM Why would a man losing faith in Bitcoin if he increases his price every day, week, month and year. Maybe if you are scam by other people that are not going to be a good to their campaign. Don't worry about that it can be back agian. Having experiences like being a victim of a scam can really demotivate a person in dealing with btc. It's not only the price we're talking about here because people also lose money. Either through scams, hacks or having the wrong end of a trade. I think it's just about learning how to bounce back from these setbacks that people should realize. Title: Re: Losing faith in BTC... Post by: Silent Money on November 30, 2017, 06:51:33 AM Its just normal that the value of Bitcoin is not rising ..How would investors and developers would leap to the highest price if theres no time of down ...Many would be thankful of it because many could buy it for a lower price and when the Hype goes Their Invstment and staking goes 2x , 3x or even more
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