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Author Topic: I lost confidence in bitcoin  (Read 550 times)
SolomonSollarsNSense
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April 25, 2018, 12:26:30 PM
 #81

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.

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thend1949
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April 25, 2018, 02:55:03 PM
 #82

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.

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bellator66
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April 25, 2018, 03:14:43 PM
 #83


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
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April 26, 2018, 01:10:59 AM
 #84

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.
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May 06, 2018, 10:23:31 AM
 #85

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.
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May 06, 2018, 10:57:32 AM
 #86

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.

-----yes
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May 06, 2018, 11:26:24 AM
 #87


Hello everyone, I still have not lost confidence in bitcoin. But I admit when the price is the lowest for this year, I began to worry


Thats good to hear, confidence is the most important traits in achieving a happy and successful life, it means believing in yourself, to succeed you need confidence to face and overcome your fear, "fear of failure".and to Worry is lack of faith, so nothing to worry, if you have that everything will be fine.
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May 06, 2018, 11:54:52 AM
 #88

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.

Well that lack of confidence may cost you a life changing chance of really making big in the future. You can't be in and out if you feel like it. I think understanding crypto means that you have to have trust and crypto millionnaires have a lot of that.

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May 06, 2018, 12:02:56 PM
 #89

Half of the investors will be in the red in a few years, and the other half will be in the black. Who will be lucky, depends on where the price of bitcoin will go.
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May 06, 2018, 01:06:07 PM
 #90

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.
even though i have bought bitcoin in much higher price, but still i am fully confident about bitcoin, i am sure that bitcoin price will not stay in such a low price for a long time but will very soon start increasing and very soon we will see the itcoin price trading above 20000$, therefore i am not losing my heart.
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May 06, 2018, 01:15:22 PM
 #91

Dont lose hope,have faith in bitcoin.  Bitcoin can make it through this storm. This is only a test to see who is the real believers .

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