Problems in Bitcoin

[BitHodler]

I don't know whats up with Binance since I haven't used that exchange for while, but I am pretty sure they aren't "harassing" anyone or else we all would have heard about it.

It's very likely just fud as always. It's not really surprising considering the fact that we're going through a bit of a bear market, which has always lead to all types of fud to pop up left and right. People should ingore it.

If people sees those faux information and falls for it, they are to be blamed first!

Agreed. Common sense is what people here lack. If people had common sense they wouldn't fall for fud or lame ass investment schemes that are obvious scams. Greed and stupidity is what this market is known for.

Fud continues to be a thing because people fall for it. Similarly, scams continue to be a thing because people fall for it. I don't think it will change, ever. If people in stocks don't change, why would people in crypto do? They are more stupid.

[Malamok101]

I think bitcoin already growing up at this days its showing up to pump up and it's almost perfectly following the prediction of people in 2020 and it should be a nice year to come up.

[beerlover]

I think the biggest problem in bitcoin right now is that we are going for a HUGE inequality in the number of money everyone has. Why do we hate dollar? Because, people who are rich have so much of it and people who are poor have almost none of it, the wealth inequality is going to a level where people are dying for being poor while others try to make another billion dollars more.

So, bitcoin shouldn't be like that but between the rich whales and exchanges and casinos etc etc they are really going to a level where it is insanely unequal between the rich and the poor and poor keeps on giving their money to rich all the time just to exist in the crypto world.

Everything you do with crypto has a fee and you pay that just to be able to keep surviving here.

[Wind_FURY]

His/her problem is using Bitcoin for his desire of fiat wealth.

 

Maybe. But if that is the case then they will get burnt out very soon. A good example would be this rant thread and thus it is very likely.

Bitcoin should be viewed as something else that, invalidates the government from seizing your property, Bitcoin. Invalidates the government from stopping you in buying whatever you want to but, censorship-resistance. Invalidates the government from reducing the value your money through inflation, immutable capped supply.

Properties that bitcoin have making it different from other modes of transaction. I still think many people dont really understand the meaning and importance of these words. They think of everything to be either on one pole vaporware and another pole as get-rich-quick. Those who go with either of these mentalities will fail in future in any attempt at making money.

Those properties make Bitcoin the ideal store of value.

I wont call anything ideal. It a good store. But nothing can be ideal.

Buy the dip, and?

HODL or sell, whatever anyone wishes.

In my opinion, it is. Plus the point was Bitcoin's function is not as a store of value, it's because of Bitcoin's function that makes it the ideal store of value.

[Twinkledoe]

I think the biggest problem in bitcoin right now is that we are going for a HUGE inequality in the number of money everyone has. Why do we hate dollar? Because, people who are rich have so much of it and people who are poor have almost none of it, the wealth inequality is going to a level where people are dying for being poor while others try to make another billion dollars more.

So, bitcoin shouldn't be like that but between the rich whales and exchanges and casinos etc etc they are really going to a level where it is insanely unequal between the rich and the poor and poor keeps on giving their money to rich all the time just to exist in the crypto world.

Everything you do with crypto has a fee and you pay that just to be able to keep surviving here.

And that fee if you compare to regular remittance or payment center is very small. Try sending btc money to the other side of the world, and you will incur the same fee as when you transfer it to your local exchange. And check the rates in WU alone, and you will say better transfer it via crypto. You are paying small amount of money to the miners to keep the chain alive. There are of course problems in bitcoin but I guess for me, its benefits overshadowed the said problems.

[imstillthebest]

There's always a risk in every trading we engaged in. Only trust and confidence is our weapon and we really never know who's telling the truth. Maybe all we can do is just trust in the process and trade what you can afford to loose. It really sounds cliche but its really the reality about it. Of course we always hope for the best outcome in every trade we do. We just be ready for whatever problem bitcoin may lead at least we have some extra fund to continue our living.

risk will vanished if you are equiped with knowledge and confidence   .

you will know if who is telling the truth once you go out and do your own research  . you cant just trust them and go with the flow if you think that something is not right but you have the right to investigate or just quit and try other better platforms   . extra fund or extra savings , is good to set aside so that you will always have a back up fund once btc manage to dump and stucked  .

[wxa7115]

If people sees those faux information and falls for it, they are to be blamed first!

Agreed. Common sense is what people here lack. If people had common sense they wouldn't fall for fud or lame ass investment schemes that are obvious scams. Greed and stupidity is what this market is known for.

Fud continues to be a thing because people fall for it. Similarly, scams continue to be a thing because people fall for it. I don't think it will change, ever. If people in stocks don't change, why would people in crypto do? They are more stupid.

Many of those that want to become traders or investors never really think about the consequences and the nature of the markets, all of them think about the money that they are going to earn not realizing that such amount of money has to come from somewhere and it comes from other traders, and if you come to the market with no knowledge about fundamental analysis or technical analysis then most likely you are going to be one of those that lose their money.

And then when they lose they complain about the manipulations of the market and how unfair it is that some traders have so much money when they should have thought about all of those factors before they became traders and not after they became losers in the market.

[Webetcoins]

If people sees those faux information and falls for it, they are to be blamed first!

Agreed. Common sense is what people here lack. If people had common sense they wouldn't fall for fud or lame ass investment schemes that are obvious scams. Greed and stupidity is what this market is known for.

Fud continues to be a thing because people fall for it. Similarly, scams continue to be a thing because people fall for it. I don't think it will change, ever. If people in stocks don't change, why would people in crypto do? They are more stupid.

Many of those that want to become traders or investors never really think about the consequences and the nature of the markets, all of them think about the money that they are going to earn not realizing that such amount of money has to come from somewhere and it comes from other traders, and if you come to the market with no knowledge about fundamental analysis or technical analysis then most likely you are going to be one of those that lose their money.

And then when they lose they complain about the manipulations of the market and how unfair it is that some traders have so much money when they should have thought about all of those factors before they became traders and not after they became losers in the market.

This is a simple law of trading rather every business. The loss of one person is the profit of others. Trading is not a market owned by anyone. Common traders are making this platform which means there is no external source of money. As you said there are simply two options left then, either you become a loser or winner. You need to study complete market first in order to understand tricks of becoming a winner.

[Baby Dragon]

If people sees those faux information and falls for it, they are to be blamed first!

Agreed. Common sense is what people here lack. If people had common sense they wouldn't fall for fud or lame ass investment schemes that are obvious scams. Greed and stupidity is what this market is known for.

Fud continues to be a thing because people fall for it. Similarly, scams continue to be a thing because people fall for it. I don't think it will change, ever. If people in stocks don't change, why would people in crypto do? They are more stupid.

Many of those that want to become traders or investors never really think about the consequences and the nature of the markets, all of them think about the money that they are going to earn not realizing that such amount of money has to come from somewhere and it comes from other traders, and if you come to the market with no knowledge about fundamental analysis or technical analysis then most likely you are going to be one of those that lose their money.

And then when they lose they complain about the manipulations of the market and how unfair it is that some traders have so much money when they should have thought about all of those factors before they became traders and not after they became losers in the market.

It is the reason why we need to have some knowledge before investing and trading because it's possible that people will take advantage of us since we don't have enough understanding regarding it. Sometimes we are the reason why we are ended up feeling remorse because we are not thinking about the possible result of our actions and actions. I have seen a lot of people who keep on complaining and blaming about how the market goes without even looking at themselves and thinking how it ends up that way.

[Kevondo]

If people sees those faux information and falls for it, they are to be blamed first!

Agreed. Common sense is what people here lack. If people had common sense they wouldn't fall for fud or lame ass investment schemes that are obvious scams. Greed and stupidity is what this market is known for.

Fud continues to be a thing because people fall for it. Similarly, scams continue to be a thing because people fall for it. I don't think it will change, ever. If people in stocks don't change, why would people in crypto do? They are more stupid.

Many of those that want to become traders or investors never really think about the consequences and the nature of the markets, all of them think about the money that they are going to earn not realizing that such amount of money has to come from somewhere and it comes from other traders, and if you come to the market with no knowledge about fundamental analysis or technical analysis then most likely you are going to be one of those that lose their money.

And then when they lose they complain about the manipulations of the market and how unfair it is that some traders have so much money when they should have thought about all of those factors before they became traders and not after they became losers in the market.

It is the reason why we need to have some knowledge before investing and trading because it's possible that people will take advantage of us since we don't have enough understanding regarding it. Sometimes we are the reason why we are ended up feeling remorse because we are not thinking about the possible result of our actions and actions. I have seen a lot of people who keep on complaining and blaming about how the market goes without even looking at themselves and thinking how it ends up that way.

Crypto market is just like other conventional businesses. It has some rules and regulations along with tricks and techniques. If you are bagging all those coins which are dumped by others the definitely you cannot blame market for your losses. Similarly if people are cashing out profits while you are waiting for coin to increase more in value but things go otherwise, again the fault is in you. You need to understand the time of buying and selling.

[michellee]

I think bitcoin already growing up at this days its showing up to pump up and it's almost perfectly following the prediction of people in 2020 and it should be a nice year to come up.

Yes, indeed. Many people have their predictions and saying that in the next year, the bitcoin price will be better than before, and we will see bitcoin price will also increase to the higher price. But we should be patient because, until today, bitcoin price is not showing to go up to the higher price, and maybe we will need to wait until the end of this year. We wish that before the halving time of bitcoin, the price can increase and reach $10k, and although the price is down after reach that price, it will be back to another higher rate.

[Amel]

~snipp

It is the reason why we need to have some knowledge before investing and trading because it's possible that people will take advantage of us since we don't have enough understanding regarding it. Sometimes we are the reason why we are ended up feeling remorse because we are not thinking about the possible result of our actions and actions. I have seen a lot of people who keep on complaining and blaming about how the market goes without even looking at themselves and thinking how it ends up that way.

Crypto market is just like other conventional businesses. It has some rules and regulations along with tricks and techniques. If you are bagging all those coins which are dumped by others the definitely you cannot blame market for your losses. Similarly if people are cashing out profits while you are waiting for coin to increase more in value but things go otherwise, again the fault is in you. You need to understand the time of buying and selling.

Yeah, it's all back to each of us, do we have the desire to learn or not? To understand when to buy and sell takes experience to get a strong reason. Not just reasons that are thought out raw, but reasons that are thought rationally.

[Triffin]

~snipp

It is the reason why we need to have some knowledge before investing and trading because it's possible that people will take advantage of us since we don't have enough understanding regarding it. Sometimes we are the reason why we are ended up feeling remorse because we are not thinking about the possible result of our actions and actions. I have seen a lot of people who keep on complaining and blaming about how the market goes without even looking at themselves and thinking how it ends up that way.

Crypto market is just like other conventional businesses. It has some rules and regulations along with tricks and techniques. If you are bagging all those coins which are dumped by others the definitely you cannot blame market for your losses. Similarly if people are cashing out profits while you are waiting for coin to increase more in value but things go otherwise, again the fault is in you. You need to understand the time of buying and selling.

Yeah, it's all back to each of us, do we have the desire to learn or not? To understand when to buy and sell takes experience to get a strong reason. Not just reasons that are thought out raw, but reasons that are thought rationally.

Yes exactly we should learn trading goals like we should know about timing of bitcoin rise and falls it’s so volatile that’s why keep time in your notice. We must have some kind of experience related to bitcoin like time for holding and trading it. We always should be ready to learn trading and we must spend few hours in making researches about bitcoin.

[wajik-tempe]

I think bitcoin already growing up at this days its showing up to pump up and it's almost perfectly following the prediction of people in 2020 and it should be a nice year to come up.

Yes, indeed. Many people have their predictions and saying that in the next year, the bitcoin price will be better than before, and we will see bitcoin price will also increase to the higher price. But we should be patient because, until today, bitcoin price is not showing to go up to the higher price, and maybe we will need to wait until the end of this year. We wish that before the halving time of bitcoin, the price can increase and reach $10k, and although the price is down after reach that price, it will be back to another higher rate.

I think it's impossible to bitcoin price going down after the halving because the supply is more less and the block rate to get bitcoin is smaller even just a half than before. So i think if bitcoin price is already going more than 10k before the halving, it will go even more after the halving.

[CarnagexD]

I think bitcoin already growing up at this days its showing up to pump up and it's almost perfectly following the prediction of people in 2020 and it should be a nice year to come up.

Yes, indeed. Many people have their predictions and saying that in the next year, the bitcoin price will be better than before, and we will see bitcoin price will also increase to the higher price. But we should be patient because, until today, bitcoin price is not showing to go up to the higher price, and maybe we will need to wait until the end of this year. We wish that before the halving time of bitcoin, the price can increase and reach $10k, and although the price is down after reach that price, it will be back to another higher rate.

I think it's impossible to bitcoin price going down after the halving because the supply is more less and the block rate to get bitcoin is smaller even just a half than before. So i think if bitcoin price is already going more than 10k before the halving, it will go even more after the halving.

There will be a dramatic effect on bitcoin's price after halving that's for sure because it basically cuts the total number of bitcoin supply and reduces the rate so 99% bitcoin's price is going to increase.
What I expect for the next halving is that the price will be going up 10K or flat, probably we'll going to see a quite stable price of bitcoin on that price range.

[jhonjhon]

You will have to understand that this space is highly unregulated, hence you are made to agree when signing up for crypto exchanges that cryptocurrencies are very volatile and the prices are not been controlled or regulated. The market is still at its infancy stage still finding its ground in the mainstream, until then, things will continue the way it's now, there is actually nothing the SEC can do about this.

Decentralized, right? we must understand all the risks when joining cryptocurrency, including the risk of hacking, losses when trading or investing, market manipulation and the influence of certain "groups". If we have to really take into account every decision we make, we must also understand the law and how it works well.

I totally agree, before investing in cryptocurrency you should have already known that cryptocurrency is a decentralized system and that no one is really controlling it and every systems aren’t perfect it has loop holes or problems but the most important thing is how are you handling it. It may be very frustrating that a lot is spreading fake news, fake volumes that somehow affected the market but it is what it is, whether we like it or not we will be seeing these types of doings in the crypto world you just have to be smart on what you do and what to believe and follow.

[Mahanton]

You will have to understand that this space is highly unregulated, hence you are made to agree when signing up for crypto exchanges that cryptocurrencies are very volatile and the prices are not been controlled or regulated. The market is still at its infancy stage still finding its ground in the mainstream, until then, things will continue the way it's now, there is actually nothing the SEC can do about this.

Decentralized, right? we must understand all the risks when joining cryptocurrency, including the risk of hacking, losses when trading or investing, market manipulation and the influence of certain "groups". If we have to really take into account every decision we make, we must also understand the law and how it works well.

I totally agree, before investing in cryptocurrency you should have already known that cryptocurrency is a decentralized system and that no one is really controlling it and every systems aren’t perfect it has loop holes or problems but the most important thing is how are you handling it. It may be very frustrating that a lot is spreading fake news, fake volumes that somehow affected the market but it is what it is, whether we like it or not we will be seeing these types of doings in the crypto world you just have to be smart on what you do and what to believe and follow.

On all sorts of things, we would really need to know things first and be aware on what are the things that can possibly happen onwards.
You might be surprised nor be shocked on first experiences but as days and years passed you will surely able on getting used to it.
The only problem i do see with bitcoin is on having a full adoption yet its decentralized and cant be possibly be accepted yet each country
do have its own jurisdiction.

[Hamphser]

I think bitcoin already growing up at this days its showing up to pump up and it's almost perfectly following the prediction of people in 2020 and it should be a nice year to come up.

Yes, indeed. Many people have their predictions and saying that in the next year, the bitcoin price will be better than before, and we will see bitcoin price will also increase to the higher price. But we should be patient because, until today, bitcoin price is not showing to go up to the higher price, and maybe we will need to wait until the end of this year. We wish that before the halving time of bitcoin, the price can increase and reach $10k, and although the price is down after reach that price, it will be back to another higher rate.

I think it's impossible to bitcoin price going down after the halving because the supply is more less and the block rate to get bitcoin is smaller even just a half than before. So i think if bitcoin price is already going more than 10k before the halving, it will go even more after the halving.

There will be a dramatic effect on bitcoin's price after halving that's for sure because it basically cuts the total number of bitcoin supply and reduces the rate so 99% bitcoin's price is going to increase.
What I expect for the next halving is that the price will be going up 10K or flat, probably we'll going to see a quite stable price of bitcoin on that price range.

Yea, there is, but the halving effect won't take an immediate effect after the halving because it will take years first before we could see such movement of the bull market. I think 2020 will be the same as 2019 less movement and less volatility.

Think that everything in crypto verse is possible so expect the unexpected.

[diazepam666]

I think bitcoin already growing up at this days its showing up to pump up and it's almost perfectly following the prediction of people in 2020 and it should be a nice year to come up.

Yes, indeed. Many people have their predictions and saying that in the next year, the bitcoin price will be better than before, and we will see bitcoin price will also increase to the higher price. But we should be patient because, until today, bitcoin price is not showing to go up to the higher price, and maybe we will need to wait until the end of this year. We wish that before the halving time of bitcoin, the price can increase and reach $10k, and although the price is down after reach that price, it will be back to another higher rate.

I think it's impossible to bitcoin price going down after the halving because the supply is more less and the block rate to get bitcoin is smaller even just a half than before. So i think if bitcoin price is already going more than 10k before the halving, it will go even more after the halving.

There will be a dramatic effect on bitcoin's price after halving that's for sure because it basically cuts the total number of bitcoin supply and reduces the rate so 99% bitcoin's price is going to increase.
What I expect for the next halving is that the price will be going up 10K or flat, probably we'll going to see a quite stable price of bitcoin on that price range.

Yea, there is, but the halving effect won't take an immediate effect after the halving because it will take years first before we could see such movement of the bull market. I think 2020 will be the same as 2019 less movement and less volatility.

Think that everything in crypto verse is possible so expect the unexpected.

Even last year halving time we didn't see big changes in the market but at the end of the year and starting of the next year shows decent growth in the price chart.
Then if we people worrying about volatility of Bitcoin that is very much positive thing to show Bitcoin in this world anyone can make on it.

[wxa7115]

Many of those that want to become traders or investors never really think about the consequences and the nature of the markets, all of them think about the money that they are going to earn not realizing that such amount of money has to come from somewhere and it comes from other traders, and if you come to the market with no knowledge about fundamental analysis or technical analysis then most likely you are going to be one of those that lose their money.

And then when they lose they complain about the manipulations of the market and how unfair it is that some traders have so much money when they should have thought about all of those factors before they became traders and not after they became losers in the market.

This is a simple law of trading rather every business. The loss of one person is the profit of others. Trading is not a market owned by anyone. Common traders are making this platform which means there is no external source of money. As you said there are simply two options left then, either you become a loser or winner. You need to study complete market first in order to understand tricks of becoming a winner.

And most traders do not realize that they take the decision to be a loser or a winner the moment they enter the market, if a person decides to trade but he has made no efforts to read any books about trading, money management skills, investments or any other skill that could help him to become a more effective trader then even if he does not know it he has taken the decision of being a loser in this market.

On the other hand if a person reads as many books as possible about the topic, creates a strategy and then he tests that strategy against many markets and he finds out that he can earn money in the markets in the long term then that person has decided to be a winner.