Can the quality of this forum change? It’s gotten worse as people seem to be asking the same stupid fucking questions that they already know. There is a history of posts regarding the majority of these questions continuously asked this does not seem to help the community or progression of this forum and bitcoin in general.
Google and do some research before adding non quality shit posts to the forum to get your shit coin airdrop.
As I see it posts are being made due to airdrops requiring people to make posts. If someone is here they should already have a decent level of information as to why bitcoin is bitcoin. Stop with the shit posts. They are not legitimate posts.
Sorry I may not have fully read the rules or questioned what the admins do but it’s repetative
It reflects the quality of thought of so-called "bitcoin investors" very well. No truly serious financial investors are involved in here, and they are also exiting Bitcoin after having milked the market during the bubble. The Bitcoin market is left with people who genuinely believe "HODL" is a real financial strategy....... |
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First off, I have not lost anything, nor am I exposed to incur any losses. However, clearly the semi-religious BS from a lot of people in here needs some counter-points to at least try to dissuade people who cannot afford losses to stay away from BTC.
And what's wrong with the post from April - I was right wasn't I ? Peaks are still getting lower and we are still seeing the long slow death. Oh, I get it - like everyone in here you are allergic to facts that don't match your view, and by saying the magic word "FUD" you are hoping that your deep-in-losses investments will magically gain in value and save you.....
You come to this forum only when BTC price is decreases which is obvious from your post history, and every time you post same thing/now just copy-paste same thing over and over. As I say your problem is that you just point out that ATH at 20k $ and you do not look anything before that. I do not have any loses with BTC, my start with crypto was in time BTC worth only 200$ - at a time when you did not even know that there are cryptocurrency. I am only allergic to people whose ignorance knowingly mislead others, how many times have you already predicted long slow death of BTC during your "successful" career on this forum? If you just look at the charts from 2009 until today it is obviously that your speculations is just complete FUD and nothing more. good for you - you still have time to sell to get out ahead. And given that I have been right so far - we do indeed see a continued weaker and weaker market - then it is clearly not FUD. But like everyone in here when you see facts you do not like you call it "FUD" and hope that these magic three letters will make the problems go away..... |
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I strongly disagree with your above statement. Everyone thinks in his own way but try to find some valid reasons before to say any coin is worthless. We all know that the FUTURE is belong to BLOCKCHAIN TECHNOLOGY then how it is worthless? I understand that BTC dies many times but it came again with an unexpected bull run. Well, who knows exact!!  Yes - blockchain is a good technology with many uses. But that has nothing to do with the future of Bitcoin - Bitcoin is just a product (and a poor one). Internet is a good technology - but that does not mean that all the internet companies that launched in the dotcom bubble were the future, many went bust. You have to seperate completely between the future of blockchain and the future of bitcoin. |
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A very very good explanation as to why BTC will crash even though blockchain is a good tehnology. If you do not want to read the full link below, here is the key part of the comparison: " … imagine that someone had found a cure for cancer and posted the step-by-step instructions on how to make it on-line, freely available for anyone to use.
Now imagine that the same person also created a product called Cancer-Pill using their own instructions, trade marked it, and started selling it to the highest bidders.
I think we can all agree a cure for cancer is immensely valuable to society (blockchain may or may not be, we still have to see), however, how much is a Cancer-Pill worth?" Clearly Bitcoin is like cancer-pill - and we have already seen thousands of new coins (cancer-pills) appear. Eventually their price will be almost zero. The full explanation can be found here: http://www.mrmoneymustache.com/2018/01/02/why-bitcoin-is-stupid/Always good to look back in history - this link from early 2018 clearly shows exactly why bitcoin have continued down and down in 2018 - and will continue in that direction |
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This is a known fact if the price goes up it will surely go down. What happens if the price of Bitcoin falls to $1000 in 2018, will this be considered as a Worst Case Scenario or something else?
It now seems more and more likely that this is actually the scenario we will see |
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This must mean that 25% of US investors do not understand the risks..... |
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Sorry, wasn't aware of this.
And that is exactly why it is good to bring it up again - many like you might not be aware. This pattern of a long and slow death where peaks are getting lower and lower was already predicted months ago, and nothing has changed - that hard pricing facts continue to prove it. And being aware of the facts is the first step to making informed investment decisions - and especially to start realizing that professional investors never ever use the term "HODL" because it is one of the most ill-advised investment strategies |
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Peak - 16 Dec: 20.000$
Dip - 30 Dec: 12.600$
Peak - 6 Jan: 17.100$
Dip - 5 Feb: 6.900$
Peak - 4 Mar: 11.500$
Dip - 7 Apr: 6.600$
Peak - 5 May: 9.800$
Dip - 28 Jun: 5.800$
Peak - 24 Jul: 8.400$
Now we are at 6.200 going down to the next even deeper dip you are here with some
This is the long and slow death of Bitcoin as there are not really anyone new who wants to use it (let's face it, there is no use at all, only "investment"), and as current Bitcoin-believers are slowly becoming fewer and fewer, the price will continue this long slow death-spiral
As always when the price goes down you come to the forum with your FUD. It seems that history of BTC for you start in December 2017, why you not start with 2009 and make some positive facts from that time until today? I do not want to repeat what others have already written, but "long and slow death" and "nobody wants to use it" is really classic ignorance about how BTC works. I know it is not easy for you, you invest when price was 15k $ or more probably - but at least be a little more original and not just copy-paste whole thread from April... First off, I have not lost anything, nor am I exposed to incur any losses. However, clearly the semi-religious BS from a lot of people in here needs some counter-points to at least try to dissuade people who cannot afford losses to stay away from BTC. And what's wrong with the post from April - I was right wasn't I ? Peaks are still getting lower and we are still seeing the long slow death. Oh, I get it - like everyone in here you are allergic to facts that don't match your view, and by saying the magic word "FUD" you are hoping that your deep-in-losses investments will magically gain in value and save you..... |
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You sound like one of those people in the 90's claiming the internet was just a fad and would soon disappear.
No, internet is fine, but Myspace was a product (or investment object) that failed. Blockchain is a fine technology, but Bitcoin is also just a product/investment object that will fail. |
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And as more and more Bitcoin owners begin to realize that we will never get back to the bubble-high of 20.000$
That is a pretty hefty statement to make. 20k was the peak of a bubble, the price increased extremely fast. A correction had to follow. But this does not mean that bitcoin won't reach this price again. Especially if you look at the adoption rate and the development ongoing. The development alone is improving the protocol + usage, which increases the value of BTC as a currency. While it is foreseeable that BTC won't reach 20k this year (and maybe also not the next few years), i am confident we will see new highs. Especially when the whole ecosystem around btc starts to influence the daily life with comfortable, faster, secured payments with low fees. Basically when adoption kicks in. There is no adoption at all. New wallets are only being created by existing users - adoption is actually negative in terms of real users |
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Bitcoin's situation will not be positive in the short term.
Correct. But it is also not positive long term |
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Peak - 16 Dec: 20.000$
Dip - 30 Dec: 12.600$
Peak - 6 Jan: 17.100$
Dip - 5 Feb: 6.900$
Peak - 4 Mar: 11.500$
Dip - 7 Apr: 6.600$
Peak - 5 May: 9.800$
Dip - 28 Jun: 5.800$
Peak - 24 Jul: 8.400$
Now we are at 6.200 going down to the next even deeper dip
This is the long and slow death of Bitcoin as there are not really anyone new who wants to use it (let's face it, there is no use at all, only "investment"), and as current Bitcoin-believers are slowly becoming fewer and fewer, the price will continue this long slow death-spiral
Maybe you're right but what if Bitcoin ETF gets approved? There will be new money in the market, demand of Bitcoin will increase and so will the price. No. Everyone who ever wanted to own Bitcoin basically jumped in when we saw the ATH of 20.000$ thinking they could get rich quick. There are no new possible investors out there. And as more and more Bitcoin owners begin to realize that we will never get back to the bubble-high of 20.000$ they are slowly leaving. Bitcoin-believers then "buy the dip" as these people slowly exit, causing the price to go up - but these peaks are getting lower and lower because there are fewer and fewer people involved. |
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The fact is that we all love Bitcoin, the cryptospace and the "good" altcoins but this year has been very rough and tough for all of us with some of us even thinking of leaving with the small we have now. Now something has got me thinking very deeply. This year has been going in almost the opposite way as we thought. Whenever we thought there was going to be a rise, then boom!! we go down the hill into the valley. So i just pondered over these and found out that we need to give the market a new eye. We need to start thinking in the way of the whales. To better get what I mean; go through the list below and look at what the market went through during those times. - Chinese new year - Coinbase announcement of some coins on coinbase - Consensus 2018 - End of financial year - Tax return time - World soccer cup (well, i didn't expect a bullish era though! but others did  ) - Coinbase announce of add some crypto again - Bitcoin ETF(Whiis killing us currently). and many more... Well, what next ......what will make the market red again...  So I'm confused- are we being played on our minds or manipulated to be off track or it's just bound to happen that way. Because to me this coud be a big time manipulation other than using pump and dump groups. All that will be needed is for the whole crypto market to think in one way and you'll be good to go. We hope to see some green light very soon. Stop blaiming all sorts of external factors. The development is very simple - everytime someone sits down and performs a solid analysis they conclude that the Bitcoin fever is over. The ATH at 20.000$ made sure that everyone who would ever want to get into Bitcoin also did go into Bitcoin. There are no new investors to pull in. And as more and more owners of Bitcoin begin to realize it will never get truly back up, they are leaving. Thena few HODL'ers pick up at the dip causing a small increase - but every increase also gets to a lower and lower peak. This is a long slow spiral down, and the sooner you leave the smaller the loss you have to suffer. |
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Found an interesting article in which one guy did some datamining on some popular exchanges and their volumes: https://medium.com/@sylvainartplayribes/chasing-fake-volume-a-crypto-plague-ea1a3c1e0b5eApparently a few of these giants are falsifying their volumes. Maybe because a higher market cap would make people think it's a more trustworthy exchange? I don't know if it's really worth going through all of that effort. Would this have a major effect on the prices? I know we used to see huge differences in prices in the past, but now you won't see much more than a few percent here and there between exchanges. This is not surprising - these exchanges are totally unregulated and a perfect playground for scammers and cheaters. There have been warnings for more than a year that manipulation which is illegal in normal investment markets is rampantly out of control in the crypto markets. |
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Peak - 16 Dec: 20.000$
Dip - 30 Dec: 12.600$
Peak - 6 Jan: 17.100$
Dip - 5 Feb: 6.900$
Peak - 4 Mar: 11.500$
Dip - 7 Apr: 6.600$
Peak - 5 May: 9.800$
Dip - 28 Jun: 5.800$
Peak - 24 Jul: 8.400$
Now we are at 6.200 going down to the next even deeper dip
This is the long and slow death of Bitcoin as there are not really anyone new who wants to use it (let's face it, there is no use at all, only "investment"), and as current Bitcoin-believers are slowly becoming fewer and fewer, the price will continue this long slow death-spiral
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Bitcoins losing meaning and value is natural, its not capable to manage the worlds economy, you freaks dont understand that because you dont want to face and consider the complexity of the worlds socioeconomic structure, thinking you could replace all currencies with a currency that is based on race about installed computation power without imense social, cultural, and economic consequences was a ridiculous idea in the first place, that drove the ponzi scheme hype and was nothing but a naive illusion, wich you used to collect followers.
nevertheless some good thing remain, of bitcoins shortlived existance
an online kapital market, and a more decentral kapital market where the influence of the national banking cartel is reduced,
exactly what satoshi wanted.
i doubt satoshi was so stupid to actually think that he would replace all currencies with bitcoin like all his followers did.
satoshi was seeking to reduce the influence of the banking cartels, and i think he achieved what he wanted.
BTC is indeed losing value, every short-term peak is getting smaller and smaller, and the bottom getting deeper |
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Several transactions of mine have gone with 0 confirmations in the past several days. And some of those I was paying 1.5X or 2X the recommended fees. Nothing. Nada. Zilch.
Bitcoin has gone from being an expensive network to use to a practically unusable network. I was defending Bitcoin against millions of tards back in 2011 and 2012. Are they going to have the last laugh on me now? It pisses me off to actually see some of you defending this too and saying "this is the way Bitcoin is supposed to work". Umm... NO IT IS NOT .
I have ZERO confidence left in Core and their "developers". Their network can't handle the slightest bit of volume without totally seizing up. And then Adam Back is out there with the press talking about Bitcoin vendors and merchants running a tab system?? Really?? You can't do your job properly so you want people to run a tab in BTC?? You saw this coming from 10 miles away and did nothing about it. Stupid or malicious?... you decide.
I will be converting my remaining BTC to BCH, Dash, XMR and coins that actually work! And coins that have teams that have at least a Grade 7 level understanding of economics, ie.. "when you are at capacity, you open more locations". And not throw out "but but centralization!!" juvenile red herrings!
Long time Bitcoiner of 6 years here saying, "SEE YA LATER! CASHING OUT NOW!"
You clearly chose the right time to get out. Well done buddy |
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I used to be one of those who rooted for people to go without onto their coins and wait for the song to go verification going on in prices to go acknowledge taking place again but now I think that people should sell their coins to mitigate their losses at this reduction because it looks when we are heading for a downward spiral. If you choose to maintain subsequently you can maintain but selling is not a bad idea.
I can only agree with you |
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And then what? Just stay in the sidelines and miss the opportunity to be part of something revolutionary. Why exit the market when it is on the way to recovery. Just use the lull to find ways to raise funds to buy more bitcoins.
There is no opportunity. The party is fizzling out. You will not get rich quick. |
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Bitcoins losing meaning and value is natural, its not capable to manage the worlds economy, you freaks dont understand that because you dont want to face and consider the complexity of the worlds socioeconomic structure, thinking you could replace all currencies with a currency that is based on race about installed computation power without imense social, cultural, and economic consequences was a ridiculous idea in the first place, that drove the ponzi scheme hype and was nothing but a naive illusion, wich you used to collect followers.
nevertheless some good thing remain, of bitcoins shortlived existance
an online kapital market, and a more decentral kapital market where the influence of the national banking cartel is reduced,
exactly what satoshi wanted.
i doubt satoshi was so stupid to actually think that he would replace all currencies with bitcoin like all his followers did.
satoshi was seeking to reduce the influence of the banking cartels, and i think he achieved what he wanted.
well spotted |
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