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Author Topic: Despite all the FUD Bitcoin proved to be worth it!  (Read 789 times)
ImHash
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March 01, 2017, 01:08:36 PM
 #1

Bitcoin now worth $1200 with all the FUD and hatred with all the negative opinions about bitcoin, it's performance during past 3 months has proven that bitcoin is a serious currency with a bright future.
BEAT THAT!
Almost $20B market capital, literally from zero to hero Cheesy I don't see those idiots always talked about $200 is the real price any more.
Now mining makes more sense than ever.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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March 01, 2017, 01:12:25 PM
 #2

Bitcoin now worth $1200 with all the FUD and hatred with all the negative opinions about bitcoin, it's performance during past 3 months has proven that bitcoin is a serious currency with a bright future.
BEAT THAT!
Almost $20B market capital, literally from zero to hero Cheesy I don't see those idiots always talked about $200 is the real price any more.
Now mining makes more sense than ever.

A couple of years ago after the huge depreciation in value after the Gox debacle this forum was littered with FUD, trolling bears etc.

As you said, bitcoin has proved everybody wrong & soared in value. This is just the beginning though.

To the MOON.

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March 01, 2017, 01:19:45 PM
 #3

Bitcoin did prove to be worth the investor safe haven for the time being. I am not sure if the price per Bitcoin will increase further because of the whole issue of the ETF and the sudden price rise baiting the people who hold the coin to dump within the markets.

I have a feeling that the price of Bitcoin is at a high level only because of the stuck Blockchain causing people to spend less coins within a certain time-frame.

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March 01, 2017, 01:30:03 PM
 #4

FUD is just nonsense and waste of time. we have two kinds of group.
1- those who know about bitcoin. and this group don't care at all what the FUD says, they either have strongly invested in bitcoin and don't leave their positions at any cost even if price drops. or some who see the real value of bitcoin as a decentralized system and lovingly use it.

2- newbies who don't know bitcoin. FUD only keeps these away to some point. until they see past the bullshit and come in.

those who spread FUD are only wasting their time!

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March 01, 2017, 01:32:35 PM
 #5

Bitcoin now worth $1200 with all the FUD and hatred with all the negative opinions about bitcoin, it's performance during past 3 months has proven that bitcoin is a serious currency with a bright future.
BEAT THAT!
Almost $20B market capital, literally from zero to hero Cheesy I don't see those idiots always talked about $200 is the real price any more.
Now mining makes more sense than ever.

I am happy that the price is high, but nothing has really changed in the last few months!
No ETF, no bigger block size, higher fees, no greater acceptance, no new regulations.

The price is high though, so that is good!

I'm pretty certain that mining makes exactly no sense unless you get free electricity. If you want Bitcoin, then buy them, it is quicker and less risky than mining, leave that to the farms.
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March 01, 2017, 01:33:14 PM
 #6

Those people that are spreading FUD are just jealous with the success of bitcoin they are seeing in the middle of operation of bitcoin. And know its truly worth that bitcoin is something that we can trust to and its market is keep on growing. Because of it, it will attract more investors for the next years to come.

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March 01, 2017, 01:47:18 PM
 #7

Bitcoin did prove to be worth the investor safe haven for the time being. I am not sure if the price per Bitcoin will increase further because of the whole issue of the ETF and the sudden price rise baiting the people who hold the coin to dump within the markets.

I have a feeling that the price of Bitcoin is at a high level only because of the stuck Blockchain causing people to spend less coins within a certain time-frame.
I laughed so hard I almost died Cheesy do you really think for some one trying to transfer hundreds of thousands dollars in bitcoin half a buck or $1 is anything to pay as a fee for 10 minutes confirmation? blockchain stuck with unconfirmed transactions is mostly spam/faucet dust/financially poor people, otherwise there has never been any issue in the network if the recommended fees were paid.
Last 24 hours volume around $152M almost 10 times the daily mined coins. that could mean if you buy $100M in BTC you can sell without any problem tomorrow.
Your feelings are betraying you.

I am happy that the price is high, but nothing has really changed in the last few months!
No ETF, no bigger block size, higher fees, no greater acceptance, no new regulations.

The price is high though, so that is good!

I'm pretty certain that mining makes exactly no sense unless you get free electricity. If you want Bitcoin, then buy them, it is quicker and less risky than mining, leave that to the farms.
What do you have to say about miners who started mining 2 years ago? if they considered it as investing and would've kept their bitcoins electricity cost was meaningless now that they could sell at these prices.
Why I say mining is good now? because a few month from now difficulty will increase as well as the price. so mining now and holding your mined coins makes sense.
Exactly, nothing really happened but still price increasing. another thing to consider, bitcoin resist any changes small or big that indicates how hard it is to manipulate the system.
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March 01, 2017, 01:54:56 PM
 #8

Those people that are spreading FUD are just jealous with the success of bitcoin they are seeing in the middle of operation of bitcoin. And know its truly worth that bitcoin is something that we can trust to and its market is keep on growing. Because of it, it will attract more investors for the next years to come.

Because those people don't own much bitcoin or none. Or they lost some money by buyinng high long ago, and still have not make a profit from it. Or have lost lot of money in Mtgox long ago, or case similar to it. So they develop frustration for waiting to much something happen.
When no big news about bitcoin, pessimism tend to be higher. The funny thing is sometime when there is a wage of pessimism though medias ect the price tend to incrase Grin

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March 01, 2017, 02:00:33 PM
 #9

Bitcoin now worth $1200 with all the FUD and hatred with all the negative opinions about bitcoin, it's performance during past 3 months has proven that bitcoin is a serious currency with a bright future.
BEAT THAT!
Almost $20B market capital, literally from zero to hero Cheesy I don't see those idiots always talked about $200 is the real price any more.
Now mining makes more sense than ever.

All of us are not aware of it that bitcoin can become this big, I think at a price bitcoin is right now we can really say that it is surely become a big hit right now and mining was pretty profitable because of the value I really like the saying of from a total zero now to a Hero! it can surely compare to the way bitcoin was landed a big time price than this.

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March 01, 2017, 02:25:15 PM
 #10

These FUDers are mostly just bitter people. Either something happened that soured bitcoin for them or they have an interest in bitcoin failing/plunging. Time and time again they have been proven wrong. Even with prophets of doom going around, all the uncertainties today is making bitcoin look like a reliable investment, even for the more timid ones. Besides, even in the case of a crash, your bitcoins are with you and people would buy lots of it cheaply leading to another price increase.
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March 01, 2017, 02:32:53 PM
 #11

I personally can't believe that people actually hear what FUDers have to say. We should be careful more then ever at this point though, price increase could make some people (exchanges) greedy and that's worst then FUDers IMO as It could result in inside jobs and we don't want that for now.


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March 01, 2017, 02:48:42 PM
 #12

the bitcoin ETF that is very close has got everybody so excited for the time being and i believe most of this price rise is because of that. but also lets not forget that the news of this ETF in the media has been bringing lots of attention to bitcoin and that means more investors which increase the demand and the price as a result.

and apart from this temporary ETF effect, bitcoin has always been pretty strong when it comes to price. there is a very strong and growing demand for it. and more people start to understand the scarcity of bitcoin.

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March 01, 2017, 02:57:32 PM
 #13

Maybe all those FUD articles have their positive side as well.
I can imagine that they prevent bitcoin from bubble building, keeping the growth rates in check.
I have always said that I like a slow and steady growth better than the sudden one, because I have no trust in sudden moves.
So despite the fact that the FUD-news are complete nonsense, they could have positive effects they actually do not want to have.

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March 01, 2017, 03:38:06 PM
 #14

You will have to look at the reasons for this FUD and who is behind it. Let me take an example :

~ You are a Gold or silver investor and a new kid on the block threatens to take a major share of Gold & Silver investors. Well, you know it will

    influence the value of your holdings, so what would be the natural thing to do? Spread FUD about the competitor. This is the same for Alt coins

    or any other commodity.

~ You print Fiat money as and when you want it, {governments} ... Bitcoin wants to take your power... What do you think, what will happen.

~ You charge huge fees for banking services, and Bitcoin wants to disrupt that monopoly... Do you accept that?

It's all about money and power.  Angry
 

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BrewMaster
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March 01, 2017, 03:44:01 PM
 #15

that is what i love and hate about bitcoin Cheesy
i love the fact that none of the FUD effort that the idiot FUDsters make is effective. it is their time down the drain!
but i hate the fact that i have to see it all the time. every time i open speculation board i see a brand new member created to spread the same copy paste FUD

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March 01, 2017, 03:52:57 PM
 #16

Play with the FUD rather than FUD will play on to us.

That's how to deal with the bitcoin price especially the moment when there is a big price increase. FUD is nothing in the first place since it's up for people if they will believe in such negative speculations about what will be happened. Look at now at the current price rate and see how well the current price get a nice and wonderful stand at it's position.

To the moon! Cool

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March 01, 2017, 03:56:32 PM
 #17

Fud is nothing more than a handy "tool" to cause panic. Everyone here knows how fud coming from China has turned out to be a great way for people behind the scenes to get the price to sink real HARD. Right now any sort of fud coming from China will be taken less serious as their exchanges aren't leading the market anymore like they used to do. It's now the western exchanges that are directing the market to new highs. At some point we'll reach a stage that only hacked exchanges where hundreds of thousands of coins are stolen, can cause the price to sink unexpectedly.

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March 01, 2017, 03:58:37 PM
 #18

There is no panic now.
BTC price is holding above $1200 nad nothing is going to stop it's rise now!
NOTHING! Cheesy
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March 01, 2017, 04:51:23 PM
 #19

Bitcoin now worth $1200 with all the FUD and hatred with all the negative opinions about bitcoin, it's performance during past 3 months has proven that bitcoin is a serious currency with a bright future.
BEAT THAT!
Almost $20B market capital, literally from zero to hero Cheesy I don't see those idiots always talked about $200 is the real price any more.
Now mining makes more sense than ever.

I bet you're right , the haters and doomsayers and skeptics have had their mouths kept mute by Bitcoin in these past few months especially in recent days. Their doom never cam to pass and Bitcoin is growing from strength to strength.

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March 01, 2017, 05:28:06 PM
 #20

Damn I wish I was aware btc existed when the price was this low, for sure Cheesy

Even just in entering at the 650/700$ price I'm already VERY happy!
Fact is that there is no reason for btc to go too low. It's useful and it's used, that's all what you want from a currency.


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