Rant: To Bitcoin "investors"

[franky1]

spikes and crashes are part of an uncontrolled market. i prefer a market that moves with peoples decisions and emotions, rather then bankers monopolised controls of other markets.

and although i like that the price changes depending on individuals decisions i do wish some of these decisions were atleast informed decisions, based on actual research rather then the meandering misrepresentations of stories told by media.

and this forum along with reddit, seems to post links to coindesk, which in turn ends up in the mainstream media. so if you want volatility to settle down, atleast slap media across the face with a wet fish to research and understand the truth before 'print'. as that is a more simple task then trying to ask people not to base their disposable funds/livelihood/life savings on emotion.

[grifferz]

Expecting media and average persons to think deeply about the consequences of things is just going to lead to eternal disappointment.

It's totally plausible that the massive spikes and crashes we see are due to a combination of factors such as:

• Comparatively small volume traded.
• Comparatively small number of actors (people using and trading bitcoin) who are all fairly well-connected (social networking) and react swiftly to any news.
• Large number of services being run by bedroom PHP coders who would in any other time and place struggle to operate a cat picture hosting service, yet find themselves passing 6+ figure fiat amounts through their coffers every month. And then they get pwned.

The fix for all of these things is time and growth. People are not going to just spontaneously change their behaviours just because sage advice says it would be for the best.

[Siegfried]

Every noob needs to experience at least one growth and crash cycle before they can develop the balls to hold BTC.

Not everyone.

[LeancyBTC]

But the market needs these investors who sells at a moment's panic or buys when someone panics; just as much as we need miners to keep churning out coins even though everyone preaches mining is no longer profitable (which isn't when it comes to consumer mining) but people still do it.

[ManeBjorn]

Best thing that can be done for bitcoin is to spend it on stuff.
Buying and selling goods and services makes it worth more in the long run.
I like the fact I can buy flowers for my wife or gold and silver.  Computer parts are great buys as is so much more.
Hold some for the future and spend some for the now.