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Author Topic: I lost confidence in bitcoin  (Read 550 times)
liamnorthcoins
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April 17, 2018, 06:21:05 AM
 #41

After months of trading/mining what i learned so far:

* Bch pump, dump which has done for purpose to prove that bitcoin stays the original and the master

* jp morgan (zcash) problem that could make  him/them rich by attacking bitcoin with help from media and truing shorting on
* big support at 3000$ which i think its made from money shorted all the way down from 5000$, yes bit coin is unstoppable


* china gov +neo most popular chinese (pump 40$) ahm,sorry dump 17$ after using china ico/exchange threats
than pump again 37$ when the threats gone

*zcash wild  ride from  200$ to 400$ than back to 200$ done on purpose someone pumped the price than started selling, the new always come late to cover the fraud. i bet ppl didn't know edward sandosen was talking that zchach is next bitcoin, >>> lie zcash is a fork as it as bch born to feed btc.

*the rush to beat resistance weakly candle (done) and 5000$+ milestone backed by new fork, (yes this time we learn lesson from bch) so waht ? dump everything bch neo eth,  and leave ripple ppl think its a company not a decentralized crypto currency. neo went from 38 to 29 in hours when btc need to beat resistance and close weekly candle  last friday night, is that a coincidence? no ... no bit coin is the master coin and other coins are nothing if bitcoin fall so dumping other coins to save bit coin is a must, and other coins can be bumped easily later..

conclusion : bitcoin bump*fork*media*dump*support* cycle all  done on purpose and it sucks.

even that i see bitcoin rising right now, i lost faith and i feel like i am taking profit from something without value
you can think your self making good money and after week find your money more than halved , happened with eth, happened again with neo (aka china eth)

buying/holding is the best strategy, yes it is the best, but this big whales making big profit, when we holders hold our hope and pray, who assure to us this big whales don't turn away on us.., they are doing it now and they will blow the market if something big happen like gov banning btc /minning.

if you ppl with 1k 10k think your self will be millionaire, this guy who invest millions now will be trillionare ?.. no way the economy of all the world is not like this,



So guy any one has better explanation on whats going on ?



This is the way of the general market. The big players will Always try their best to dominate and take advantages in all their resources to put down possible threats to their interests. Right now bitcoin has shown an improvement and has rise even with all the attacts it has faced in the last three months..If you have lost faith in bitcoin then it is your own personal predicament. In contradiction to your statement alot of people are encourage infact with the recent price increase and today the opening value of bitcoin is at 8,059k  this show how improved the market of bitcoin compared to the previous months. Many were speculating negative statements against bitcoin that it will drop to 2k but it never happened.
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April 17, 2018, 06:38:29 AM
 #42

I lost my confidence too.
In order to have a self-criticism, people liked bitcoin because the price was high. The price of BitCoin's popularity has diminished. People like things that make money. Nobody gets a bitcoin if the bitcoin prices fall further. Everybody forget
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April 17, 2018, 06:46:26 AM
 #43

Losing confidence for my own understanding maybe is product of worries and fear,we can use this worries and fear as a stepping stone to gain more courage to do more analytical research about BTC world,the ups and dumps is just part of it,the whole crypto community holds the future of it,and if our goal here to be an instant billionaire,will,it will positively happen but sometimes we have to apply the virtue of waiting and patience and I think through these we can regain the confidence to BTC.
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April 17, 2018, 06:56:59 AM
 #44

I lost my confidence too.
In order to have a self-criticism, people liked bitcoin because the price was high. The price of BitCoin's popularity has diminished. People like things that make money. Nobody gets a bitcoin if the bitcoin prices fall further. Everybody forget

Last time I check bitcoin price is still at $8K so I don't know why you guys losing confidence on the market. I would understand if it will go down sub $1K, but from ~$700 January 2017 to $8K this time is still a huge increased that no banks can give you in return.

The problem with you is that you are too much 'caught around the hype' in December 2017. Please understand that the market is based on speculation so as a result it can't go on a continued growth. We should all be thankful at least that the price is still strong despite too many actions for government around the world and FUD's going around.

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April 17, 2018, 07:18:31 AM
 #45

I believe that after you make this post you have started building confident in it again because bitcoin has prove to be our of the financial instruments. Are you going to lose confident on bitcoin which is going to be the future of money.
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April 17, 2018, 07:51:37 AM
 #46

This is very annoying, but do not be too long to not believe in cryptocurrency, it's your problem how to manage all your money, you get more profit with a clever view of the situation, all also have to own risks and barriers that can break your spirits, I believe that you are someone who always panics and often listen to news media that can change your mindset, make it a lesson lesson do not make you disappointed, I can not restore your trust because it initially depends on your own not to miss the moment moment important.

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April 17, 2018, 09:09:57 AM
 #47

You've posted this 6 months ago and bitcoin had its ath last december, so if you didn't believe bitcoin that time then you must be gone crazy when it hit $20k and regretting for not believing bitcoin. And I know you've learned your lesson that time and now you're loving bitcoin with all of your life and understand that bitcoin and alts fluctuates every now and then and it can make you rich in a matter of time and trust.

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April 17, 2018, 09:36:27 AM
 #48

What will it take to get back the confidence you lost? Bitcoins hitting 5-digits again? Well, you just got to have patience. If you exit cryptocurrency right now, you not only lost the opportunity to bounce back from your recent setbacks, also the chance to be part of something evolutionary.

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April 17, 2018, 09:38:53 AM
 #49

It has been many months and many people have been wanting to forget that time. When the price reaches $20,000 of course many of us regret it, so it's not the fault you lack confidence in bitcoin. This is the moment you can confidently come back.

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April 17, 2018, 10:48:46 AM
 #50

This is a common thing and it happens very often to everyone, people can be like that because maybe they lose a lot of money they invest and only think about price and price, it's not wrong for me humane if such a person, but to try not emphasize your thinking is only for the price that is in the mind but on the positive side of bitcoin that will soon rise, try to think positive to be your own motivation, stay patient with every event that you think is very sad.

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April 18, 2018, 07:38:40 AM
 #51

Why you have lost the confident in bitcoin.Many people gaining huge by just investing in bitcoin.But you had lost the hope.You have try atleast once now to overcome fear.When you get profit from the next investment,you will regain your confidence.Bitcoin was survive more than 8 years.
Well don’t be afraid of bitcoin mate it is full of profit and there is no any risk in bitcoin according to me,  bitcoin is full of benefits and if you had some kind of bad experience in bitcoin then it does not mean that it will remain the same for long time a price of bitcoin use to increase and decrease all the time but you will have to trust bitcoin don’t lose your hope, I would say you to try once again, as right now price I very good you can buy and have for long I am sure this time you will overcome your fear about bitcoin.

 
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April 18, 2018, 09:21:58 AM
 #52

There are some people with a goal , that goal is bitcoin price , they want to see bitcoin price falling a lot and they have a lot of succes in the last few months . Bitcoin is falling if people are posting bad influation about him , and lot of people after this dont want to buy bitcoin anymore , they dont want to invest in bitcoin just becouse some assholed  are posting  a lot of lies . Thats why people are loosing confidence in bitcoin.

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April 18, 2018, 09:26:31 AM
 #53

I believe that after you make this post you have started building confident in it again because bitcoin has prove to be our of the financial instruments. Are you going to lose confident on bitcoin which is going to be the future of money.


It is normal feelings for people who are in bitcoin. We sometimes feel that way because we are afraid to lose our money that we worked hard for. We often hear bad news about cryptocurrency in social medias in tv and wherever. Addendum to that is the volatility of it which is very active in one hour it goes up then next few hours it goes  down again. But even if that’s the way it works we should be well aware of it and don’t just lost confidence.
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April 18, 2018, 07:49:30 PM
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It seems to me that after the recent growth the confidence in cryptocurrencies should be increased. Cryptocurrencies today is a great way to make money for people who understand computers and understand a little about finance.
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April 18, 2018, 07:53:15 PM
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I think that Bitcoin prices some how started to rise after a sharp dip and it won't fall down again, although we can't predict the market.
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April 19, 2018, 06:53:37 PM
 #56

BTC prices have been falling, but the price of BTC has been rising in the last two weeks, and the market has become more and more confident.
It is funny this was posted in October and we kind of still see the same cycle repeating. There is no reason to lose hope however, as all these are just part of the market moves and there is nothing we can do about it.

Yeah, it can be annoying a little bit when you see how the market is driven to some extent as the whales just keep profiting a lot from it, but as it seems they are always after the weak hands anyway and if we do not have weak hands in the market, all these would not actually be the case. So in one word, blame the weak hands.

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April 20, 2018, 01:24:24 PM
 #57

Hi.You can get exactly 20 000 Marinecoíns every day (until the stock exhausts), just for posting a post.The coin has great prospects, it certainly (even now) already has value and is traded on the home exchange (so far only), where you can buy several coins for one satosh.Earlier - a few weeks ago - it was possible to get 450 000 at once, by publishing several posts. But the project was faced with abuses by users, and the number of coins received had to be reduced. That is, the current goal is to create the distribution as fair as possible. Having made the prevention against bots, the developer also fulfills the goal - to make the community as wide as possible. The number of posts daily increases progressively. So hurry up, a reserve of coins - about 10 billion - will dry up, I think, quickly.Ahead - after distribution - will be announced about many interesting technologies. Now it is known that the project will not depend on the miners. Dev-less & self sustaining and not only, will serve for these purposes.You can find out more by visiting the official website. But already now it is known that the project is not going to waste time on trifles with questionable goals. The developer is going to challenge many known coins at once. It is known that the coin will be many times faster than bitcoin, there will also be a large energy saving, and also something like the kind of smart contracts at the etherium.Among other things, there will also be the following features: proof of promotion, machine to machine, artificial intelligence (this will be announced in more detail later; will create an additional sub-coin - not affecting inflation - but expanding the possibilities of the main coin).Marinecoín - the only coin in history that surpassed the capitalization of bitcoin (it was several years ago, but that’s another story).
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April 20, 2018, 02:27:09 PM
 #58

Of course everyone would be disappointed with Bitcoin or altcoin if they only care about price and not about it's technology/usage. If you think bitcoin or any altcoin price on short-medium term, you should expect the price would be extremely volatile since it's free market can people can be manipulated easily.
If i were you, i'd lose confidence when Bitcoin development is slowing down while altcoin development is very fast and looking promising Roll Eyes
It is normal to be disappointed with the price and the way whales go about certain things, but why should we be disappointed in bitcoin ?

The problem is not with bitcoin, the problem is with us all. It is a market and there is nothing we can do with all the fluctuations as they are normal. However, like you have said, losing confidence in bitcoin is total bullshit as it is not like development is not ongoing and the future is still bright but judging based on the present moment or the present value is absurd.


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aardvark15
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April 20, 2018, 03:15:52 PM
 #59

Part of the reason for the crash and the current low price for Bitcoin and other cryptocurrencies is lack of confidence of investors.

This is the result of all the factors you mentioned but this goes in cycles. There will be good news and at times there will be a series of good news coming out. Then investor confidence will increase, buying and demand will increase, and the price will rise.
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April 20, 2018, 06:46:36 PM
 #60

Part of the reason for the crash and the current low price for Bitcoin and other cryptocurrencies is lack of confidence of investors.

This is the result of all the factors you mentioned but this goes in cycles. There will be good news and at times there will be a series of good news coming out. Then investor confidence will increase, buying and demand will increase, and the price will rise.
One of the factor that people loses hope in bitcoin is that they are expecting more without even doing something, we should be able to do something for good that will benefit us so we can meet our expectations and not only complaining all the time.

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