I lost confidence in bitcoin

[imapessimist]

I don't agree with holding all your coins.  You must take a profit when you can on part of your holding or you might end up waiting for years with all your money tied up. 

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[HiringYou]

Only because the prices are falling that does not mean that people start loosing their confidence in bitcoin.Being an intelligent and expert investor you must know that it is a market and ups and downs are very common in this.Whenever such situations arise handle them with intelligence instead of doing panic.Only that people will loose confidence which are not having proper knowledge and awareness in such investment.Bitcoin is going to have a bright future in coming years. So trust bitcoin and stay calm.There will be a great rise in the price of coins but we need to show some patience .

[tambok]

Only because the prices are falling that does not mean that people start loosing their confidence in bitcoin.Being an intelligent and expert investor you must know that it is a market and ups and downs are very common in this.Whenever such situations arise handle them with intelligence instead of doing panic.Only that people will loose confidence which are not having proper knowledge and awareness in such investment.Bitcoin is going to have a bright future in coming years. So trust bitcoin and stay calm.There will be a great rise in the price of coins but we need to show some patience .

It's increasing now, the dip were aost done, unless they bought at peak but just see now how we are able to recover, holding works so never lose hope.

Life is not all about the happiness, it is not everyday that we are happy, sometimes there is a struggle one to in order to achiever our goals just like here in cryptocurrency, there are times when it is in its downtime but that does not mean that it will end up there, so we just need to keep holding until it will finally climb up again.

[knightmairesaint]

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.
That's really true the complications are coming from people aren't trying their best to make bitcoin works. Losing confidence is a challenge for you to overcome. Because of that,you fear to accept critics and that triggers you to have lost the confidence in bitcoin. So better yet try yourself to calm down and all the things follows.

[pitiflin]

Bruh. Chill. You're angry at the bitcoin while bitcoin itself is not the reason for it. People,are to be put to blame for it. People are the ones who came up with pump and dump,they came up with forks and this all affected bitcoin and its users. The users were responsible for all of this. Losing confidence won't take you anywhere. Just suck it up,swallow your pride,regain your confidence and be smart even in the worst situations.

[Tigorss]

I conclude that you feel like a failure and despair when actually losing some of your bitcoin, try again if you ever make a mistake or not, but I do not recommend you to stop, because bitcoin is promising some time ahead, you just make a strategy so that such incidents do not happen again and one more thing you need to remember the price of bitcoin is uncertain.

[Dudeperfect]

Bitcoin is all about using it as a medium of exchange/payment system. Bitcoin is valuable today just because the early adopters used it as a payment system instead of hodling. It's our responsibility to do the same. However, since Bitcoin is still in the early phase of development, I believe that it is a good opportunity to make money out of it as a reward for bearing the risk of early adoption. Thus, I try to hold my 50% coins and try to spend remaining 50% coins. Unfortunately, I don't have even a single merchant in my town that accepts Bitcoin so I have to rely on the online options to do the same. The first priority is always given to using it as a payment system.

[Cosbycoin]

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.

That's really true the complications are coming from people aren't trying their best to make bitcoin works. Losing confidence is a challenge for you to overcome. Because of that,you fear to accept critics and that triggers you to have lost the confidence in bitcoin. So better yet try yourself to calm down and all the things follows.

How lost confidence? There are two possibilities of losing hope, one is if you have little knowledge and another is if you are trapped in the negativity of the market and decided panic selling. These both are very opposite to the well of an investor.

As said by someone very well that little knowledge is a dangerous thing so step entering into Bitcoin requires your full knowledge to survive and go with the alterations in the market.

[ayiaye]

do not be in a hurry to be disappointed, still a long time for the acceptable bitcoin in the world. if you have a big dream, and want to become a millionaire, do not give up easily with any conditions. all there are obstacles to achieve success, there is no easy and instant way.
bitcoin is now gradually improving, due to some positive news that makes bitcoin prices back up.
keep learning, I'm sure for the next few years, bitcoin will be an important part of life.

[newcollegestar]

I conclude that you feel like a failure and despair when actually losing some of your bitcoin, try again if you ever make a mistake or not, but I do not recommend you to stop, because bitcoin is promising some time ahead, you just make a strategy so that such incidents do not happen again and one more thing you need to remember the price of bitcoin is uncertain.

It means that you are not a successful investor. Bitcoin investment needs courage to bear all kinds of situations. Don’t lose your confidence and try again and again. If you be patient and wait for some time you will definitely earn money from you reinvestment in bitcoin. Disappointment leads you toward failure. Be cool and serious about bitcoin and don’t lose your courage.

[fullhdpixel]

Exactly this is why it is so easy to trade Bitcoin and other alt coins. Especially in the bear market minimum 10% profit a day was usper easy.

Losing confidence in Bitcoin means that you are not interested seems that you do not know about its benefit that is why one lose confidence and courage in any business.

All the businesses are profitable if you cast opportunities at on the right time and give rise to your investments is great and really great for you. While losing confidence is not a probable decision in a market like this, is totally disappointing condition for you.

[francedeni]

do not be in a hurry to be disappointed, still a long time for the acceptable bitcoin in the world. if you have a big dream, and want to become a millionaire, do not give up easily with any conditions. all there are obstacles to achieve success, there is no easy and instant way.
bitcoin is now gradually improving, due to some positive news that makes bitcoin prices back up.
keep learning, I'm sure for the next few years, bitcoin will be an important part of life.

People should'nt lose hope in bitcoin all of this were temporary. It will have the time hovering its prices so not all the time it is in down situation. Yes don't give up easily surely increasing of value in every coin will climb.

[STT]

Of course everyone would be disappointed with Bitcoin or altcoin if they only care about price and not about it's technology/usage.

That is basically it, if the price is the only indicator of success then prepare for disappointment very often because alot of people own Bitcoin only to sell it whenever it suits them.   Its really just a means for people to exchange value, the bullish part to Bitcoin is the amount of growth its had since being not known or trusted by very many.

The basic utility that Bitcoin offers is increasing.   If they cant keep on improving its capabilities then I might agree with you but price is just a number and the various ways in which Bitcoin has developed positively is far more diverse.

[fasdorcas]

Exactly this is why it is so easy to trade Bitcoin and other alt coins. Especially in the bear market minimum 10% profit a day was usper easy.

It is better not to trade Bitcoin. It is better to buy and use or hold for the long term.

Loosing your confidence does not mean that you are defeated by net force. You can return with great decisions and with great knowledge so that your success is assured by your own. You do not have to feel in risk and insecurity but hope that the market still go the same in future as it is going from several days are encouraging us and we are going towards positivity and not loosing confidence because all you need is to take good decisions according to the situations.

[SolomonSollarsNSense]

Bitcoin is all about using it as a medium of exchange/payment system. Bitcoin is valuable today just because the early adopters used it as a payment system instead of hodling. It's our responsibility to do the same. However, since Bitcoin is still in the early phase of development, I believe that it is a good opportunity to make money out of it as a reward for bearing the risk of early adoption. Thus, I try to hold my 50% coins and try to spend remaining 50% coins. Unfortunately, I don't have even a single merchant in my town that accepts Bitcoin so I have to rely on the online options to do the same. The first priority is always given to using it as a payment system.

Bitcoin is not all about payment system, but it is also a coin business and one should learn all about the cryptocurrency business before investment in it. This is the beauty of bitcoin that it is a profitable business and also usable digitalcurrency all over the world. If you lose your bitcoin it means that you were notinterested in the price. You didn’t search the cryptocurrency market.

[thend1949]

Exactly this is why it is so easy to trade Bitcoin and other alt coins. Especially in the bear market minimum 10% profit a day was usper easy.

It is better not to trade Bitcoin. It is better to buy and use or hold for the long term.

Loosing your confidence does not mean that you are defeated by net force. You can return with great decisions and with great knowledge so that your success is assured by your own. You do not have to feel in risk and insecurity but hope that the market still go the same in future as it is going from several days are encouraging us and we are going towards positivity and not loosing confidence because all you need is to take good decisions according to the situations.

This can be a normal response for someone who feel frustrated about a certain situation for not accomplishing goals, desires and drive that lead to lack of confidence and trust. It could be disappointing but dealing with it positively can very useful to boost ones strength in face another challenges in life. Embracing the fact that failures and mistakes are innately part of success can give a satisfaction, comfort, and confidence. Learn a lesson and never be afraid to try again after a major fall, be afraid of not gaining any experiences that would help towards your future. Study, learn, explore, and believe.

[bellator66]

Honestly I say, at first I also feel like you. The impact of declining value of bitcoin prolonged makes me do not believe in crypto trading.
Now I am aware of my mistake. It is all part of the market dynamics.

[The_Dark_Knight]

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 ?

It seems that the reason of why you're disappointed in cryptocurrencies is because they are being manipulated is that right? Because if that is the reason of why you are losing faith then I do not think that is a big enough of a reason, all the markets are being manipulated, do you think that is going to be different if you invest in stocks or in forex? Because that is not going to be the case.

[teleskopta]

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 9,400 usd  this show how improved the market of bitcoin compared to the previous months.

[Hotel_Prodeo]

I also had lost confidence with bitcoin some time ago so that makes most bitcoin I sell to fiat, but after the price looks stable at $ 9000 then this makes me re-optimistic with bitcoin.