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With the little I obtain from mining every month, I'm buying food and monthly basic living expenses which it barely covers. I can't afford anything else. I wanted to invest in more Asics but unfortunately the situation worsened in many ways.
Where are you? |
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Just curious where you are from and what you use bitcoin for? Me, I am a hobby investor with plans to be a blockchain developer. Keep it brief.
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Years ago I brought some at $600 and sold it recently at $3000. Made a nice profit. However I thought it was going to go lower and I could double my BTC. Seems I sold at the bottom. Ho hum.
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Re: Tulip comparisons looking true now Do tulips give you real sovereign ownership of property? Are tulips provably scarce? Are tulips censorship-resitant? Can you make a frictionless transaction across the world using a tulip? And how many of those things have you done this year? |
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You tell them you are paying their pocket money in BTC but there isn't anywhere they can actually spend it.
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Can you deny it? Everyone who has brought in the last year has lost money.
Seriously, people don't understand 'tulip mania' Mostly like SHIT-COIN's today, There were very valuable 'bulbs' that rich people traded, who loved the flowers, and these bulbs were invaluable, not unlike 'real gold'. But what happened was that 'morons' were taught that ordinairy onions were also the same as these 'bulbs', and thus onions were traded at the markets as 'tulip bulbs', So I guess you could compare bitcoin and the shitcoin ( clones ) where BTC is the real 'tulip bulb', and the shitcoins are the onions that morons were trading Eventually the mania ( for the public ) ended, but the rich kept on collecting exotic tulips, The fact is that most of the 'public' never even saw a real tulip, they were just SOLD garbage, not unlike ICO's and shitcoin of today, the gardens of the rich, were never seen by the morons, they were private gardens of the most rich people in Europe. Not unlike of when our morons here talk of 'whales' Lastly, BITCOIN is also a shitcoin, she is the mother of +2100 shitcoins, only a mother can love her shitty offspring. What he said. |
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Can you deny it? Everyone who has brought in the last year has lost money.
well i said that a loooong time ago in this forum that only proves that you are trolling because if you really thought bitcoin is a tulip shit then you wouldn't have been here that long. so you either are too dumb to leave or you don't believe in what you advertise  Personally, I am just here as I find the whole crypto world interesting. I brought some BTC @$600 years ago and just sold at $3k. I could have brought more at the time and i could have sold earlier but i'm not a gambler. I just think it is fun watching it go up and down. However, for BTC to be useful it has to stop fluctuating wildly and keep a static price. then you might conceivably be able to buy and spend it without fear of losing money. All of you who want BTC to go "to the moon" (as they used to say) are doing more harm than good. You are the people who really don't get it. |
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... that could potentially disrupt banks, international settlements, and or fiat money in general ...
I mean, LOTS of people invested LOTS of money at ridiculous prices in something that had no intrinsic value. No one this year brought it to disrupt banks or send money overseas. Even if they did, they would have converted it back straight away. People just saw $$$ and thought "I want some of that". |
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Can you deny it? Everyone who has brought in the last year has lost money.
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in my opinion there are no investors who want the invested money to be destroyed and lost and the crypto currency to grow and progress rapidly is the investor himself
I don't think so anyone who wants bitcoin to die because there are lot of people investing in btc with the intention of getting huge benefits from btc. As per records earlier year lot of people has became millionaire by investing in BTC. So BTC is the best coin to invest in crypto world in order to be benefited. So everyone will have the aspiration of Bitcoin value to increase and not bitcoin to die. Pure greed. Bitcoin is NOT about becoming a millionaire. |
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All my savings are currently in BTC and all I can safe in future will go into BTC as well.
I will NEVER return my money into a bank. I have no any intention to ask 3 to 5 days before a large cash-out, to pay taxes when I do receive MY money into "my" bank account, to pay taxes to STORE MY money in "my" bank account, to pay taxes to use their terrible internet banking to operate with MY money, to pay additional taxes for various transactions, to pay ridiculous fees for every paypal transaction and/or withdrawal, to wait a week for approval on a large transactions..
I have no any intention to get surprised one day with a bank account locked without notice; with transaction blocked by some reason, with funds frozen because some someone decided the origin is "unclear"..
NEVER AGAIN!
I do not care if the price of BTC goes to $1 or ¢1, it`s enough if I will be able to operate with it for every single purchase and for all of my needs. Untill that day comes I will never return MY money into a bank! If all I have become to a value of ¢1, it`s fine! I will have MY ¢1 FOR REAL, instead of unclear value is someone else`s bank system, created in order fiat owners to make more fiat only because they already have fiat.
LOL. Your bank account? It's the banks account. They are just letting you store money in it. What would you do with out the bank? Store it under your mattress? Ok, you are probably a drug dealer so that's fine.  |
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Say you're a shop owner and you accept BTC. Do you keep it as BTC or convert it to your local currency? If you keep it as BTC, then this year would have bankrupted you as your working capital went down 80% in real value. If you convert it to USD/GBP then you are probably using some 3rd party payment system where you don't even know/care it's BTC. It is just another currency to you.
Out of those two options, which is best?
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Bitcoin is decentralized unconfiscatable hard money limited in amount, which is measured against an infinite-supply fiat. The properties of Bitcoin are unique and will always be desired. All price suppression of Bitcoin measured on infinite-supply Maddof scheme fiats are nothing but temporary. They allowed the Futures market to suppress the price and create desperation so they can buy most of the supply themselves and own it, so sooner or later prices will have to go up.
The thing is, all the new exchanges and investments that cropped up last year were all considered viable at the $20K mark. Look at Consesnys. They still have their Ethereum, but that doesn't equate to much real money these days, so they had to lay people off. It is only with these projects that Btc actually becomes usable by Joe Public. |
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Can someone give figures for how much has been sold off recently? To have that effect, is is a few people dumping big rather than a lot of people dumping small.
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Well, real money is needed in this business because the investors of crypto are using their real money to get in and then to increase their profits. It is not a bad thing that real money controls crypto.
Without real money getting involved, we would still be mining on our PCs. |
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As for the stock market, the stock markets went through a multi-year bull market. A bear market was pretty much inevitable.
The thing is, all you can do with BTC is convert it to fiat. You can't actually do things with it. There is talk of another financial crisis coming. Surely people should be stocking up on BTC, not ditching it. |
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i could agree with you only if the in the past 10 years bitcoin dropped when stocks dropped but that has never been the case and this time is an exceptional coincidence that happened in 10 years so you can not use that alone to connect the two together.
let's face it, you are trying too hard to connect two irrelevant things and then come up with a low ball price prediction.
Then what do you suggest is the cause? |
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It's nothing to do with the BCH fork, or BAKKT, or the ghost of Satoshi.
Watch the news. Stocks and shares are tumbling as well. US and China worries are affecting the stock market, and the same people selling there are selling here. What is the point of being decentralised if "big money" still owns your ass? It's a joke. Crypto is just another column on a "profit & loss" spreadsheet somewhere.
My prediction? Back to $600, the price before the last big pump. That will wipe out most ICOs and AltCoins as they will be worth absolutely nothing. You can also say goodbye to most of the big money investments in trading platforms and exchanges.
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We need to get rid of all the crap that is in the world of crypto. All the shitcoins, all the ICOs and all the hedge fund managers. This is the only way.
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