so transaction fees have actually halved  Heh. Every problem has a solution. |
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I've sold my coins recently. If history taught us anything, we know the bubbles are parabolic, but the bear trends are super long. I'm not worried, it's unlikely going to go up anymore for a long time.
It's going to take a lot of new money to sustain bitcoin, who is going to put millions and millions onto some exchange now?
There are literally hundreds of thousands of people signing up on exchanges every single day. That's who. Yup, and the current 24h volume on kraken is 20,243.61 (yesterday ~same hour it was ~15k). That is litterally millions and millions.  |
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You all have to understand one thing : As many on this forum have pointed out (reminder : https://coinmarketcap.com/), every goddamn crypto is red. You have to see the big picture here and take into account that it isn't about bitcoin legitimacy but about the very principle of crypto currency. FUD about china ban comes back every year, korea and every government will of regulation is just part of the adoption. This is NORMAL and expected. I'm getting kind of tired about the big BULL VS BEAR battle on this forum, it is just irrelevant. Every January there is a correction and then btc goes up again. We all know it. The true debate is elsewhere : Do you believe in the principle of our current (flawed) banking system ? Fine, do as you want and sell, try to profit the wave of cryptos, extend your fiat and forget about it. If you're right, every cryptos will go down eventually. Do you believe in cryptos ? Buy more, hodl. If you're right, value will increase. Anyway, I'm not trying to convince you of anything, just trying to point out what matters for long term investors. (Eventhough I personnallly think that crypto are the future  ) |
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Consider bulltard as wise advisers.
I have hodl since btc was at ~30$, I can't count how many times people have told me to sell. Glad I didn't.
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Hello again 5 digits.
HODL
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I mined a few back in 2013 and then martin-galed some, so.... I can't lose money.
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Omg all I can read is "I SOLD AT LOW, PLEASE SELL TOO SO THE PRICE DECREASE AND I WONT BE AT LOST"
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I must admit....I'm getting nervous. I bought in early 2014 & have held through all that has happened since. In December, I was worth more than I've ever been before, or ever will be again by a long shot. Today my coins are only worth half that as you all know, but if I sold them all now, I'd still have more money than ever before. I can't bear to think of having had so much & losing it all. Really undecided as what to do now. I suppose the sensible thing to do would be sell at least some of them.
Sell it man, greed is not good. I was greedy too and didnt sell on time and lost a bit more then half. Just sell and go out and rebuy when rsk/ln news will come out. It has been tested twice at 10200, third test it will go to 7000 and the crash will be even bigger!!! Oooooh so 'it has been tested'. Well now I'm like totally fu*king convinced. |
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IT HAS BEEN TESTED TWICE AT 10200 THIRD/FOURTH TEST WILL RESULT IT TO GO TO AROUND 7K THIS CRASH WILL BE EVEN BIGGER AND FASTER. THE SUPPORT WALLS ARE ALMOST DEAD!!!!!!!!!!
Why don't you just link some proof or any concrete stuff ? Stop spreading FUD because you just sold all your btc at low like a dumbass. |
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I must admit....I'm getting nervous. I bought in early 2014 & have held through all that has happened since. In December, I was worth more than I've ever been before, or ever will be again by a long shot. Today my coins are only worth half that as you all know, but if I sold them all now, I'd still have more money than ever before. I can't bear to think of having had so much & losing it all. Really undecided as what to do now. I suppose the sensible thing to do would be sell at least some of them.
Why the hell would you sell at low ? There was a drop every January since the past 2-3 years. Just HODL |
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SELL EVERYTHING!!!!!!!!
You do that, weak hands. |
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I currently am in the same state of mind as last January. BTC went up and then straight down. I have learn my lesson, next November / December I'll probably sell a few to take profit.
Plus, I am trying to be realistic here :
-There was an unprecedented bullrun to 20k. Odds are veeeery very thin that, in the life of btc, we don't see another similar bullrun again.
-Goldman Sachs exchange !
-Lightning network (dunno really if this will help btc to recover, but hey, still looks bullish to me)
-Maybe some future nice fork annoucements ?
-No more weak hands since the 'crash'
I am hodling at least until mid summer of this year. And if the price stays down, then that would mean to me that I definitely missed the big opportunity at the 20K USD ATH.
HODL
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Worst thing ? I would say, selling 30% of my BTC at ~1100€ and not selling shiet at the last ATH in December. I am a bad trader. |
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Well history taught us that btc doesn't follow any pattern. Just sayin.
(Well, maybe excepted that every ~12-16 Jan is a low peak and then rise again)
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It becomes more and more difficult to use it. It worked fine when I joined the site a year ago. But I have more and more server side errors as I browse / login / trade... It takes me an hour to place an order and actually I can't even login. Eventhough, they doesn't seem to feel like there is a problem on their site : https://status.kraken.io/#monthI am currently considering moving everything I own to bitfinex or else as soon as their goddam site will let me. |
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Please, can you all mention your countries when you are referring to it ?
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So if you want to see bitcoin survive... Well, instead of counting on large institutions (against which bitcoin was actually created), try to come up with business ideas. We should count on the community of small users instead of always leaving decisions to bigger actors!
Sadly I have other occupations for now. But I agree, bitcoin businesses are just starting and there is a lot more to do. |
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Please I'm not trying to debate wether we should hodl or not. Try to understand my point and stop giving me "blabla is wrong", instead give me other points of view and counter arguments.
Plus, I will repeat myself for the Nth time : I do not consider personnaly consider bitcoin as a simple ponzi.
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First I would like to say something to the people saying "duh it was not designed to be anonymous" : you need at least 2 things to establish a transaction (no matter which currency you use or want to create, try it if you don't believe me) : something that designates the emitter and the receiver. You can characterize it with heavy documents (that includes IBAN, name, second name, etc etc...) or with cryptics but uniques IDs (like bitcoin does). As soon as the addresses remains the same, OF COURSE you can not be 100% anonymous (and by the way, some platforms allow to you change your receiving adress at every transactions, and nothing stops you to create multiple changing adresses if you host yourself your wallet). So yes I agree that bitcoin isn't, by design, meant to be 100%, but a bitcoin transaction is still "a lot more anonymous" than a bank one. Please, let's not review every possible definition of a ponzi scheme.
The main characteristic of a Ponzi is to give capital gain to 1st investers with the money of the 2nd investers, give capital gain to the 3rd with the 4th, etc... other stuff, like centralized or not is detail.
I said bitcoin "looked like" a ponzi but it is more than that.
So now, let's not review every definition of a ponzi, instead let's cherry pick details to offer a valid comparison? That's the common theme of every failed thesis paper... Even if you use the main characteristic you just pointed, out, as I said, then every trade of every asset can "look like" a ponzi. That's a poor way to start an argument. Definition is usually the starting point. Clarify it, then go from there. On one side, there is the trading part, giving sometimes huge fluctuations to the value (panic selling, incertitude, external actors...). I think THIS part is the bubble part. Sometimes, price increase drastically and then crashes. Bubble.
On the other side, the price is sky rocketing (and also helps bubble crashes recoveries) because bitcoin exposition controls the number of people coming in (and also the global point of view, even of the bitcoin first enthusiasts : "oh yeah, we talk a lot about bitcoin today, I'll buy some more because I think it will make the price rise").
Bubble symptoms I agree with, in fact, even the most ardent advocate will feel Bitcoin is in a kind of bubble (that doesn't necessarily mean it crashes to zero with every burst) but not ponzi. A ponzi is not a bubble... You might have confused yourself trying to describe a bubble, somehow thinking it looks like a ponzi. Taking the main characteristic is not cherry picking. Plus, as I said several time, I do not consider bitcoin as a ponzi. I just want to help bitcoin enthusiasts to understand that it would (almost, yes, given that I didn't compare it to a strict definition of a ponzi, if you like) be considered as a ponzi-like scheme if you take away trading fluctuations and currency-uses of bitcoin. A more subtle suggestion of mine is that there is no "price recovery". At least none due to the market. When a bubble burst, price fall down. I think we have seen a lot of non major bubble. It's the new people, coming into the market, that help to make the price rise again (due to the more-or-less ponzi like scheme it induces). Let me take an example : Late 2013, bitcoin isn't known by a lot of people except super early birds. Price rises to 1200$ and falls down to 200$ or so. It takes years to recover. That was the definition of a bubble. Only, unlike now, there was a lot less people in the market. Am I expressing myself right ? People who think bitcoin is a ponzi are those people with small knowledge how the blockchain works. These are the people who were loss from a ponzi schemes using crypto. If bitcoin is ponzi, then forex, stockmarket are also ponzi.
Lol please, don't give me that. I am very well aware of the blockchain algorithm and it's completely unrelated to the fact that we can or can not consider bitcoin (which is an implementation of blockchain) as a ponzi. It doesn't matter how the stock is generated or secured (which is what blockchain does, nothing more. Generate bitcoin and secure transactions). I will repeat myself again : the main difference, making bitcoin looks like a lot more like a ponzi that forex and every stockmarkets, is that the sky rocketing price is directly correlated with the number of newcomers. Compare the google trend curve to the bitcoin's price, watch the big peaks of newcomers, and you'll see that it's a fact. |
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