Bitcoin Forum

Found this funny t-shirt lol.
https://teespring.com/bitcoin-made-me-poor#pid=2&cid=2122&sid=front

How does a McDonald's logo on hat applies here? How it shows the sentiment of being poor?
Is it like after investing all your fortune in bitcoin at peak price, you now lost all your saving and you have to work in mc donald's outlet to survive?  ???

Found bit confusing but price is pretty high..Is it your design?

I'm in a group with friends and we got this joke going on, decided to put it on a shirt.
Invested at 20k and now we're at lots of loss, not all of us did this, but it also reflects on alts and we all have some losses.

So if you lost a lot of money with the dip in the price, you end up working at McDonald's for a minimum wage? Right?

Wrong, because you lost ZERO money, if you held on to those coins. People who lost money are the people who panicked and

exited the market early. So, what do we learn from this... DO NOT sell and own one or more of those franchises in the

future.  ;D

If you lose at first try, then try again. Giving up early will make you a weak person, if you really wanted to success on that thing, then you must try and try until you succeed. Because there is no such thing called surely success when you are investing, all investments goes ups and downs, its just depends on you on how you will manage your investment.

If one wants to make quick money; want big profits; want to become  millionaire in one day; he must be ready for the opposite.  Higher the profit higher will be the risk.  It is a place where speculators are active.  This is a place which gets it's fuel from rumours.  It's speed and directions are decided by the sentiments.  Positive the sentiments upwards the price trend but negative trends always pull down the price.

If you want  to enter this market with the objective of earning you must prepare yourselves for big losses too.  A man sitting on the sides of see and by just watching has negligible risk of drowning.  Only the person who dares to enter it and tries to swim has risk to drown.

So it is risk prone area; come here with surplus funds only.  Keep the wealth for necessaries safe and secure somewhere else.

There's really no cause to be frustrated with the price. Unless you bought in at $18k, and it's now at $6.3k, however even then, you lost out due to your own greed. Bitcoin had increased more than 10 fold in a year, such growth couldn't be sustainable. The only concern should be recuperating your losses, and that can only be achieved with smarter investments.... So get started!

You have a very cruel sense of humor. Those who have lost bitcoins, it is not funny. They're upset. So what do they need to go to McDuck to work now ????

If it is your design I suggest having a design make some bitcoin with arms and feet that is lying in a hospital bed and make it looks like it has a sickness and put a medical monitor in the side of it and make sure the dips are frequent just a suggestion, feel sorry for your loss but it's because of the bitcoin volatility just wait for the trend to come again and wait for the whales to come again because there are some season where the whales visit bitcoin and eat some fomos their.

We have to feel how to loose that is the way we make us more stronger, don't feel frustrated for the price that is cryptocurrency there times that up and down. Try to enjoy so that the come more easy.

Actually!! that is right. Panic buying or selling i not advisable in the market. it will only create trouble for anyone in the market. That is why it is always said that people should act wisely in the crypto market if they want to save themselves from the risk of being losing in the long run or short run...whatever the case maybe. What I believe is HODL is the best strategy for the crypto space and only those are successful in the long run who act intelligently in the market by understanding its very behaviour.

yes of course not make your head a little depressed because it will be very dangerous for yourself, so do not think too much about the price is very fluctuating at this time because fluctuate it can not be avoided anymore, try to think of good opportunities also like to buy in a very cheap price then once the bull market emerges it will be very good, there is all the risk so very reasonable if many people lose because do not know the exact nature of the market cryptocurrency.

Don't worry, just wait for the next bull run and it will go back to the all time high. In the mean time, enjoy free or discounted mcdonalds and save money for buying more bitcoins. This will average down your investment.

There's lots of people throwing this kind of memes around. Not everyone is depressed about it.

I just want to clarify one thing for those people who get frustrated by the price. According to the price chart, every time this is happen with bitcoin. In the years beginning the price is always tilt to downward direction and at the end of year the price is bounce back. So don't be tense about it. Just have patience and wait for the correct moment.

After investing all your possessions in bitcoin at peak prices, now you lose all your savings and you have to work in the shop of the MC Donald to survive?

That's the joke. Not necessarily for McDonalds, but for minimum wage.

Yeah you won't get anything positive from hunkering about your losses. A lot of people made a mistake in jumping on hypes hence they sold at a loss. I think those that knew what they're doing and bought btc close to 20k are still holding right now.

Funny how that only makes sense in developed countries, but yeah I always get the joke. You could actually earn a lot more in my country working fast food than in say... construction. Think it's the other way round halfway across the world.

All distracting from the point that if you bought Bitcoin at ATH, you've only lost 65% of its value. That loss is only realised if you sold, too. But yeah, as long as people buy into that false impression, I'm happy to be on a smaller bandwagon of Bitcoin users.

For those people who are frustrated right now about the market price of cryptocurrency, the best thing to do is read different positive speculations in order to boost up your confidence on holding your coins.

LOL that is good
But all those people that are frustrated, just do not know how bitcoin works and why the price is so dumped at the moment, they do not even care about bitcoin, they only care about money

I don't think I am frustrated by the way bitcoin and altcoins market behave this year.  Trading bitcoin is a very risky investments and I do have this in mind before putting my hard earned Money.  I believe that bitcoin is going to recover in no time and all we just need do is to be patience.

In my own opinion, you should not be frustrated by the price because the market is volatile so you should always expecting drastic changes on the prices.

If there is frustration, it should be coming from those who bought at the peak ptice., cause they are facing losses now, but those who came when the peak just took of, the price is still high, just hold and wait for it.

Haha why is that a Mcdonald's hat? That logo must be ask first before using it to any apparel.
That's for making me understand this joke, it took me 5 mins to understand on what really it is.

no . we shouldnt get frustrated on the volatility of the cryptos because volatility is the reason on why we do earn a profit . we can buy coins at a low price and we can also sell a coin at a high price , that is why volatility is our advantage and not a disadvantage . although i believe that majority of people including you are always gets frustrated with the volatility thing because your expectations wont always easily achieved instantly .

A joke you have to explain, is not a good joke..

Pretty sure most people didn't buy BTC at $20K, which it never actually even reached. It didn't spend much time above $19K either.

If you look at the charts, it didn't even spend much time above $16K or so.

Most people lost huge sums of money because they invested in alts which are like 90% red. Look at Ripple or Dentacoin or what-not.

I assume most invested at like $12K and its half now, so its only a 50% loss. However the alts are a different story.

Seems to me that if you are lossing money in bitcoin, there is McDonald outlet that is ready to help you. Lol, i don’t get it. But for me the point here is do not give up your job in exchange to to full time bitcoin because both can be done together it is just a matter of time management.

We can say it is really a bad day for people that invest in the higher amount I can feel their sentiment because I have known someone that invest the same way, They are thinking that the price would surge even more, But it drops a bit further, Just like one family in the article that have sold out all their properties, things and everything related to fiat currency to buy bitcoin and live in some urban place just like the stone age did, But again I think they will need to just wait another bull run, Or they are regretting doing so,

And for Altcoins there are many that invested in altcoins and gain even more profit I really think it depend on the situation and what altcoins to choose.

I think you underestimate the altcoins. This is a great speculative asset. Bitcoin will rise in price, I'm sure. But I am also sure that all who are now buying altcoins will earn more than those who buy bitcoin now. It is always necessary to maneuver skillfully and it will bring more income than holding.

yes that's right we should enjoy it instead of being frustrated on it.'cause as the matter of fact it's just a temporary situation of market which is no need to worry and patience is the most important, because this is a normal scenario ( since there are some factors exist in the market ) and it always survive after .

People definitely got crashed by alts, that's true. That's what happens in bear markets; alts are much more brutal. On the flip side, they're much more profitable during alt season. It's all about recognizing where we are in the cycle.

Nonetheless, by any conventional standards, the losses from $19K or even $12K are massive. People used to investing in stocks and gold, etc aren't used to this magnitude of loss so quickly.

True. I still have to switch back to my non crypto self when looking at mainstream media news sources where they some times celebrate the exceptional (their words) performance of a certain stock, where if you look at what that stock did that day, it was just a measly 3% gain. That's when you realize how spoiled people in the crypto space are -- if they see the market increase with 10% in a day, they yawn and ask when the next bull run is going to happen. Different worlds different standards, that we have seen. Imagine what wouldn't happen if Google's stock went down from its current $1188 (which is around MtGox's high) and it kept going down to $150.... That's like the end of the world is near.  :D

People shows their disappointment in their loses of bitcoin. Exactly why giving up their job if they cannot afford to lose in bitcoin. Because bitcoin has fluctuations of price we may lose and win. It can do both work and doing bitcoin during extra time.

Its a stupid meme from 4chan. Nocoiners love to use it.

I didn't know it's from 4chan, but a good meme is a good meme.

That’s why I always say the bitcoin investment needs two things one is patience and other is courage. If you have these two qualities then you will not be frustrated. Frustration increases when you see your loss. Other way is day trading to recover your deficits because holding is not the solution for recovery and your frustration will not be reduced.

The best solution for such people is to keep you away from bitcoin for some time and don’t check the price daily. Try not to talk anybody about your investment otherwise your frustration will increase. To reduce your frustrations forget about your holding for some time especially in these days because of the worst situation of the current market.

These two are the key factors for any king of investment and trading. I think that those people who have the courage to put their money in risk only such people can make profit and can earn a lot of money. But beside courage and taking risk it is also important to have some good study and analysis about the market.

Problem is that it is testing lower support level again and again. Some group of people are determined to drop it as low as they can. while I admire their enthusiasm, I don't think its wise to scare away the investors that are left.

Well frustration is something that cannbe difficult to avoid especially since we're talking about money. Even the most patient person can still get frustrated with an extended bear market though how you cope with frustrations would determine how you'll survive.

This is a good way to boost confidence, but it won't always work for everyone. Especially if there is good news that repeatedly comes out and the price keeps on sliding down. The one thing I always recommend is if the price is stressing you out too much, just lock up your coins in a safe place, and step away from the whole market for a while. Come back sometime later, because things can be completely different after just one year! As tom lee says, most of Bitcoins gains happen within a 10 day period, so don't stress for the rest of the year, just wait for those 10 days ;)

Indeed this is the problem with so many users here that lookingon the value on daily basis,they don't anticipate that unless you sold the coins you will never loss even a single cent

This panicked people are the reason why market continues to drowning because they do not have faith in the capacity of bitcoin and other good coins to survive things like this