Bitcoin Forum

When there is a bull-market everyone jumps on the bitcoin train, we get a ton of newbies and most of them are greedy bastards just wanting to make a quick buck off-of us.

Now that the market is down, most of these people have left us. This gives us time and quiet to improve on our skills and understanding of bitcoin.

Now that the dead weight is off we can re-evaluate our objectives with bitcoin and come back sharper on the other end of it.

We don't need everyone talking about bitcoin, we don't need people who are here to make profit without working. What we need is scaling solutions. We need more active peers on the network.

We need people selling food, electronics, land and everything else. We need people who buy those things and sell products for bitcoin.

We need restaurants and fishermen and farmers.

We need movers and shakers.



We don't need more speculators. We have enough of those.

self improvement
lesson one
bitcoin is not a person. it is code. it has no voice, no arms no legs.

do not wait for bitcoin to provide you with shops that offer food for btc.
if YOU want YOUR local store to sell food for btc, then YOU have to help convince YOUR store to accept btc

bitcoin cannot phone YOUR local store, arrange an appointment, get on a plane to YOUR town and talk to YOUR local stores manager. its something YOU are going to have to be involved in.

here are some tips.
1. organise a local meetup of like minded bitcoiners in your area. the more that turn up the better as it shows there is a demand for wanting local stores to sell things for btc.
2. find the confident ones that can talk about the benefits of bitcoin.
3. organise or research how that store can swap its BTC back to fiat or pay staff/suppliers in BTC. this might be as simple as one of the meetup members who wants to buy btc often just buy it off the store manager hand to hand. or just learning how to sign a store up to a payment/merchant service like bitpay/coinbase.

then approach the store with the advantages, including demoing how easy it makes things

Big multi-nationals are difficult because obviously all their policy is dictated to them by headquarters, but tradesmen and small, independent retailers are generally pretty easy here. Any time I'm hiring any tradesman to have work done on my house, land, car, etc, after they've quoted me I always ask - "Do you accept Bitcoin?". If they don't want to, fine, but it at least lets them know the demand is out there. Farmer's markets, public markets, street vendors, food stands and the like are all easy to convince as well.

you can't fight speculators and prevent them from coming in, in fact all the things you said (the adoption by merchants) is going to bring even more speculators in. it is because of the price and the way it moves. as it is adopted more then there will be a price rise because of the increasing demand. and as that happens we will see more newbies and profit-seekers come in and price goes even higher.

as far as we don't lose the objective altogether (which is adoption as a way of payment) we are fine, even with lots of speculators and weak hands.

People trading bitcoin for fiat is fine, but what I'm saying is that we don't need speculators and we shouldn't pretend like the people who are buying bitcoin are somehow heroes and the people who sell it villains.

If people bought gallons of milk with bitcoin and used it to just help trade gallons of milk and boxes of cookies then you'd still know the value of bitcoin without fiat being involved.

You could also make the calculation that e.g. I can get 1 gallon of milk for 0.5 mBTC... I can get 1 gallon of milk for $3.00..... Therefore 0.5 mBTC = $3.... Therefore 1 BTC = $6,000

No bitcoin exchanges or speculators necessary. All you need is a farmer who sells milk and a baker who sells cookies.

Edit: If you come by North Pinellas county, Florida I will gladly sell you 1 gallon of milk for 0.5 mBTC.
Edit2: 0.5 mBTC sound more natural as 50 millibitcents, it also sounds cooler, at least to me... You could even drop the bit... and make it 50 millicents, as no other currency offers millicents it will obviously refer to bitcoin.

for years the community have discussed the common terminology of the future
and it became apparent when the time comes that saying 'zero point zero zero" gets too irritating that we would use 'bits' (100 sats) instead

EG gallon of milk = 500bits
...
also the mbtc which is 10,000sats gets more confusing with the word Milli and Micro,, where micro is actually (ubtc) which is only 100sat

because if we started doing mbtc (10,000 sats) it wont be long before people (as you shown above) would start saying 'zero point five' for a gallon of milk or 0.1mbtc for a litre.. or "zero point zero five mbtc" for a pint of milk

so its better to skip the mbtc and go to ubtc (100 sats) aka 'bits'

the whole is a 'Mbtc' a milli or a micro. is confusing conversationally anyway.
and also milli is just a temporary thing which by the time it becomes common. its time to change again.
so much easier to just jump to 'bits' (100sats(ubtc(microbtc))) so that people can get used to on a more permanent terminology that 1 bit has 100 divisions. which most people around the world are used to

Scaling solutions?Do you mean Bitcoin Cash,Segwit and Lighting Network?Those are the "scaling solutions" and I don't think that we actually need any of them.
No,the times for bitcoin are not "hard".Bitcoin is going just fine.The fact that the btc price is far under the ATH doesn't mean that bitcoin is in a crysis.

1. bitcoin cash is a different network
2. lightning is a different network. it is not a bitcoin feature. it is a separate network that multiple coins will use. dvs ar just using the co-branding' to drum up promotion so they can get paid. but as i said its a separate network multiple coins will use.

3. segwit is not a scaling solution. the 4mb weight does not equal 4x transaction capacity. thats the false illusion presented. sgwit is the tool to make bitcoin compatible with LN. strangely if LN was to be a btc feature of bitcoin. it would be LN eing altered to be bitcoin compatible. not the other way round. (hint bitcoin making bc1q addressses to be LN identifiable because litecoin will have ltc1q addresses sitting along side them in LN)

4.
btc price is temporary drama. i compare it to the karate kid painting fense "daniel-son: up down up down" its what is expected and the to be treated as such

5. the top price is ignorable. no one should care. not everyone gets to be online and take advantage when it hits. and all it causes is drama. however the bottomline VALUE. the part where no one is foolish to sell below. is the ground level where everyone can stand and take advantage of because the price is always above that line.

2016: >$300
2017: >$900
2018: >$5800
those are the important numbers.. not the ATH

That actually makes a lot of sense. I'll changeover to bits as well. It's also very easy to switch from bits to satoshi and back. We're all used to cents (United States with the dollar/ Eurozone with the Euro)

Edit: I think I just posted an off-topic reply to my own thread. This edit is making the post meta, thus restoring it to on-topic-ness.

I'm have begun making a few purchases via Bitcoin and Ethereum.  Most of the opportunities I have to use crypto revolves around storage and server services.  I have had nothing but luck requesting a crypto option and getting it when purchasing technology services.  Unfortunately I live in northern Canada and there are more bear than people around me.  I don't even want to know what would happen if I went down to the local tavern and tried to use Bitcoin.  

I'm also going to scale back my bounties.  I have been using a quantity approach but i'm seeing the game evolve to a quality oriented system which in the need is much more beneficial and much less work.  It seems like the bounty hunters are creating a disaster in this forum so I'm going to cut back.  

I do own a farm (apple orchard and raspberries).  Once again I am in the wrong part of the country however maybe I will create a sign and give a discount for crypto use however I doubt I will get many hits.  i get lots of mothers and kids doing pick your own berries.  It would be amazing to transact with my fellow countrymen without using central banker scum notes.  

Any chance Bitcoin is a government creation made to tax transactions?  I worry we may be unknowingly ushering in a tax system for the elite but it may just be paranoid thinking.  

We can't blame them for trying to make a fast profit,
besides, not all of those who buy Bitcoin when it starts rising succeed in making profit.

They have a bad effect on Bitcoin because they make everyone else
look at this revolutionary technology just as a source of income.

Glad to see some positivity, we're all human after all, we make mistakes, but we stuggle to be better, those of us that put the hard work in to become the best versions of themselves will be rewarded for their hard work and sacrifices. Those who just want an easy lunch will never get anywhere in life, that is the way a capitalist society works!

Yes, that whats we really need. To look on the positive side in this kind of situation instead of worrying because of the dump price of every coin in the market. If we will focus on the negative nothing will happen good. But if we focus on the positive side. We can find solution on it. We need more patience and understanding at this moment.

we get a ton of newbies and most of them are greedy bastards just wanting to make a quick buck off-of us.

  - This is true, most of the newbies here in this forum are stupid or moron, sorry and excuse me for the terms guys. But it is reality happened because of this people and the FUD news always came from them I don't know if that is there strategy to make bitcoin go down until they achieve what they want. That's why must learn more and develop ourselves through exploring and reading most of the time not only here in the latest updates news about in bitcoin or crypto., feed ourselves with this things.

beginners who just go along without trying to understand to take advantage of the application of bitcoin in the global transaction sector towards a more established economy, they are bacteria that can damage all layers of bitcoin because they just come looking for profit and if they don't get it they will go and spread negative issues about bitcoin

You said we need everyone except speculators! But I think sometimes we need them too. And we can't stop them to come into bitcoin and crypto platform. A lot of people was a quick money seeker from the bitcoin but now they are working for the cryptocurrency. So, we need to show them more way to believe and work for crypto. Bear market helps us in different ways, we will not afraid if more bear market comes in future, we know what to do in bear markets, we have patience. So, we are self-improving from the bear market.

Here in our country, it will be difficult to make the farmers and fishermen understand on how bitcoin works. This is a technology yet to be accepted by that sector.

I also have not seen any restaurants that accepts bitcoin for transaction. If the the big one's started accepting crypto's, maybe the small ones would follow.

that's right, newbies who are new to bitcoin are quite influential on the fall of bitcoin prices. most of them are short-term investors who are easily influenced by issue issues which are not even true, but we must appreciate those who continue to be consistent with bitcoin.

You're definitely one of the early adopters and kind of like me, libertarian leaning and actually using bitcoin every now and then.


I don't think bitcoin is part of the government, that'd be like shooting themselves in the foot.
Don't let the paranoia take control of your life. Bitcoin solves real problems, yes, it also creates new ones.

 If you're smart enough, you can completely avoid the government in your transactions and you can even legally avoid the banks, which get their power from the government in a round-about way.


Technically you're constantly breaking a bunch of laws all the time, (if you live in the US), so to a certain extent you have to pick and choose.

Follow reasonable tax laws by all means but don't rat on yourself for buying a box of chocolates over the internet or in person using bitcoin, you don't have to.

Yes indeed
It's time for self improvement in that,  it's going to be a eye opener and most time the better time to do proper research on some coins/project to invest into. Most time, these is always the time to buy most of the shit coins that might turn boom with proper research on them.

I think it is the best thing we can do right now. And we can rest now before tired. Soon market will start move again quickly. Then we can't rest anymore. We always watch the market data   ::) I suggest rest your eyes, they will be tired soon :)

Everytime we need to keep updating ourselves and improving on all aspects especially on the solution brought by cryotocurrencies through blockchain. All we need is improvement  that will take the good projects to the promise land.  Price should only matter when what you buy is usable but it's otherwise as majority are only interested in the price.  Developemnyis key to progress. 

So we need less theory and more practice. More applications for cryptos, more business accepting it. I totally agree, but we need to understand how that is on our hands. If we want that we need to start with the example, showing to the people how to accept bitcoins in their business, asking in any shop if they accept bitcoin as payment and making them feel bad if they don't accept btc.

Is in our hands to change to the world, and it will change with our actions, not with our speeches.

It's too early to talk about stopping speculation. In a falling market, speculators have the opportunity to short. Therefore, they are not going anywhere.

Speculators will always be there anyway. When bitcoin starts to grow, there will be a lot of people willing to make money on it. There's nothing we can do about it. As for self-improvement, I agree with you. We must be able to survive in any situation, and we must understand what we are doing.

Even you have the determination to improve yourself if the market itself does not helping you, no more changes coming from your life. In this current condition of the market, the only thing we can do is to hold and wait for the profits. Do not take the risk unless you are ready with the consequence.

It's not good to make stores feel bad, because it will work against Bitcoin rather than for Bitcoin. Hyping up Bitcoin too much in an attempt to have them accept it as form of payment isn't good either, because the lack of actual use will make you look bad because the sales in Bitcoin will heavily disappoint, especially during bear markets where most people lick their wounds.

Be realistic, help store owners where they need it, and more importantly, spend Bitcoin yourself over at their store as well. Coingate allows merchants to accept Lightning payments, so definitely a plus there. Everyone likes fast and cheap settling transactions. It might even have geeks visit their stores just for the sake of paying with Lightning.

Agree with you. We need to watch statistics by the correct dates and not by the pumps.

Rightly said hardtimes bring with it the experience nobody can experience in good times it is the time for introspection ,improvisation and bring self confidence .Markets is down but our morale should be high to meet the challanges of present situation and to overcome it, individual as well as collective efforts are required.

Bitcoin trading is always attractive for large traders to take advantage of, because the global nature and price movements are very easy to change, if traders can take advantage of the situation of price movements with a large number of purchasing systems will increase the price of bitcoin on the market, but things like this can be an added value for bitcoin trading on the money market, because with the presence of new traders, price increases will always occur.

In fact, I'm also very satisfied that finally, the majority of common people have lost their interest in Bitcoin nowadays. However, that fact doesn't give any upward forecasts or guarantees of BTC development in a positive way

During this period of dump I was able to studied and analyzed price behavior of bitcoin not bodering about the already dropped in price of bitcoin mostly orchestrated by dumpers thereafter I gained confidence and optimist of price recovery despite  all the challenges faced by bitcoin regulations, bans, government clamped down on exchanges and massive dumping by the 'whales'.

I think if we've done investing last 2017 maybe we should learn from this investing experience in crypto, this was really a hard time for those who buy bitcoin on a very high price the huge drop of the price that the bitcoin or maybe crypto coin that we are now experiencing is really worst specially to new investors that doesn't have enoughf patience on waiting they surely do panic selling and loss this time.

All of us needs self improvement in order to achieve our goals and also to gain. Bitcoin will not work for you unless you work for it. It is a learning process as you go along and you must improve what you have for you to achieve success in your investment.

Smart people immediately told me that when you invest money in a high-yielding asset, be ready to part with them.

Many go here brought thirst to earn money. Few people are interested in technology. But the fall of the market showed who really believes in crypto and who does not. And I agree with you that we ourselves should encourage that bitcoin to be accepted as payment in many places.If we continue to use it as a speculative tool, nothing good will come of it.

when it's difficult it can indeed be a means to see anyone who is loyal to bitcoin or who just wants to be rich overnight, it's true we don't need people who talk a lot without contributing, they usually just complain and spread panic but don't use their brains to think looking for a solution so that the difficult times soon, what we need now is only real work is not nonsense

bitcoin has changed its function, has become a commodity that is traded, and they will benefit, if things like this are allowed then the future of bitcoin can be less good, you should start socializing the use of bitcoin to use in all trading activities, if bitcoin used as a function, bitcoin can become an alternative currency in the world.

you cant run a save business and a reliable business if you fix yourself on bitcoin.

because its not a fiat currency its not capital. its just an advertised token. nothing else.

trying to earn bitcoin will be neverendingly an unsecure business.

if every user contributes as you say then the bitcoin image and trust in bitcoin can go back up, because now most users are too
focused on how to get prices back up, while all they do is hold and without doing anything?

I think it's true, we really need time for self improvement. Every experience has a lesson to learn too and we must learn from it!

how do you want to improve yourself and bitcoin, i see no possibility

1. you made a global attention hack and power grab, consequentially, that all others would have also done if they could have, (the tech innovation kept you going till the end).

2. it not about technology anymore, its about power, wealth, legitimacy, access to consumption capacities.

3. no one cares how much funds you pump into perfectionsitic and expensive ads, or if you use young blond australian models to market your powergrab, like in a different thread here.

4. i wonder how the hell do you guys keep going, are you still rich from the hype, are you running those big miner facilities in iceland and china, are you living of your mommies in their basement?

no way you can sustain this eternally. its simply not possible, and no one cares if you create another bitcoin, you are running out of steem after 50 bitcoin forks.

how can coins with premines sustain themselves eternally who is preventing the shadowing through marketing activities, of new market participants.

oh and not to forget

5. the dictatorship you run with that cryptoindex, the world still has to disassemble it,

my opinion you guys got much more trust than you were worth for, nevertheless you signaled the issue with the banks. the banks cause a lot of poverty and insecurity and that's why you had success and support at all.

thanks to you entire developed western world woke up of its "democratic dream" and became aware of living in a communist dictatorship

regards

Why Bitcoin can attract so many newcomers because it has a very high rate of return, otherwise most people will not be interested in it, although this is a bitter fact, but we must admit this. Before it was ready to be widely used in all aspects of life, the biggest popularity of Bitcoin came from hype.

Bitcoin price back to the bottom because many peoples didn't get their quick profit.
They who bought bitcoin to gain quick profit must be already dumped btc in the market because btc was keep falling.
Btc value will increase and not falling again if many of us adopting bitcoin to use in real life, start from us.

Bitcoin is a digital currency that is very risky for changes in value. That's what happened for now. Bitcoin is equipped with sophisticated technology, I think Bitcoin will still exist and be able to compete.

and that hype was feeded from the problems the banks were causing, now everyone has money, and is looking for someone to work for it.

And I doubt the best place for a stable, safe investment will ever be Bitcoin. People looking for safe investments tend to appreciate those backed by large governments that they already trust (for better or for worse, that's a different story).

But at least this downturn in the crypto market means that entrepreneurs will have more space to focus on building innovative payment solutions without being overwhelmed by "get rich quick" kids trying to make a million bucks without understanding the platform. Sooner or later those payment solutions will become more mainstream, and then this calm before the storm will in retrospect be quite important.

Yeah, It is time for self improvement. We should give off te greed and purely focus on long term goals rather than speculation. I think 2020 will be good vision to achieve the no greed goals.

bitcoin stays relatively valuable as long as the worlds population doesnt start questioning the legitimacy of that index, the bitcoin founders have created.

coinmarketcap cements basically bitcoin above other cryptoprojects, it even bans, the listening of big projects, it creates an asymetric situation in the market that puts bitcoin above all other cryptos and dennounces the competitors as "shitcoins"

great information

Ncert Books (http://www.examclear.com/ncert-all-subjects-books-in-english-and-hindi-i/)

do not wait for bitcoin to provide you with shops that offer food for btc.
if YOU want YOUR local store to sell food for btc, then YOU have to help convince YOUR store to accept btc

bitcoin cannot phone YOUR local store, arrange an appointment, get on a plane to YOUR town and talk to YOUR local stores manager. its something YOU are going to have to be involved in.
[/qoute]


That's why we are here to explain and introduce for those people didn't know what bitcoin is for mode of payment using new system technology as digital crypto currency.

Indeed, but we cannot discount the contribution that these speculators bring to Bitcoin. I have bought more items and paid for more services when the price increased as a result of these "newbies" pushing up the price. I feel more inclined to spend less coins when the price increase, than spending more coins when the price is low. <Lazlo affect>  ::)

So allow them to do what they want and ride the advantages of having a higher price and spending less coins, when they inflate the price. <I would much rather spend say 0.0004 BTC on my daily Taco and Coke, than having to spend 0.0006 BTC on the same thing.  :P

I just feel that TS has a point. Maybe he was carried away to the last portion of his statement but still it is true. What he is referring to is a working environment without those lazy people who wanted riches that can get overnight. Some of these people are those scammers who are ready to get the money of the everyone.

Working environment that composed of people who are really dedicated to make things work and excel in Cryptocurrency. People rhat are thinking how Crypto will really benefit from all the projects made out of the help of all Crypto enthusiasts who wanted a better world than better pay. The profit will just a bonus of what we called a fruitful day.

Yes, by self-improvement, we can improve our skills to learn something from our experience so it will be helpful for us to improve our abilities to be better. That is what we need to do if we want to make a profit in the future and by learning from the experience, I am sure we can get another lesson from trading. Besides that, we need to read more on another website to improve. And related to self-improvement, we can keep spreads the news about bitcoin to the public, especially with people in around us so they can hear about bitcoin and the important is they can use bitcoin too.

This is my lesson for self improvement:-

Firstly I would like to suggest to not call anyone by name even if they piss you about a hell lot of things ..

It's natural for humans to seek profits and they might be right when it comes to encashing whenever's they are in need , it's normal .

As far as I know I have been holding my coins since 2015 and didn't encashed out in the 2017 ND trust me I kind of regret it because sometimes I had needs , regarding family , studies come on not until you are a millionaire you stop get by these things easily.

I think they might be just people who have saved up really hard and are scared to loose .