Bitcoin feels like an empty room with plates of half eaten food and balloons

[abercrombie]

"Bitcoin feels like an empty room with plates of half eaten food and balloons fallen to the ground."

Read this posted by Peaches, thought it held true.    


Edit:  After the huge pump to $7900 and huge selloff.

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[Torque]

That's the feeling that the establishment wants you and everyone else to constantly feel about Bitcoin.

Instead of positively promoting the excitement and passion around such a revolutionary financial game-changer, they want you to feel like you're under constant attack, oppression, and even depression just for buying and using it. The MSM has made sure to paint Bitcoin in every imaginably negative way possible.

The MSM message to Average Joe is "See how chaotic and stressful it is?? See the crazy volatility? See how it can easily be undermined by just a few vocal individuals? See the rich banksters calling it a "fraud"? Stay far far away from that mess that is Bitcoin!"

[949miner]

But why would it be like this? bitcoin seems to be exactly the opposite to that if you see it as an investor, everybody is now joining the party because they all want to be part of all this success.
Maybe that scenario could be applied when the price was below $500 each bitcoin, but now everybody is happy and excited about bitcoin, everybody want to see it going up, there is no way that it could be like that.
I am just wondering why all those institutions are saying and trying to spread this kind of fud.

[aardvark15]

"Bitcoin feels like an empty room with plates of half eaten food and balloons fallen to the ground."

Read this posted by Peaches, thought it held true.    

I assume this means the party is over. True that the big winners were the ones that bought in about 7 or more years ago, but those get rich situations are hard to find. I didn’t really know about Bitcoin until around 2012 when the price was $200. Some people were millionaires from Bitcoin by then.

We do have an opportunity going forward though. The challenge is to accumulate some Bitcoin and altcoins now and hang on to them for 10 years.  If you can get 1 Bitcoin now, it could be worth between $100,000 and $500,000 in 10 years. Or get some good but inexpensive altcoins and hold them. I think we can still enjoy the party too.

[joseafonso123az]

Whenever we see BTC value sky rocketing, someone will talk like this, not because they want to bring down the price( some do though) but because they don't really believe how can BTC grow like that. The holders don't have this kind of problems, but the investors, who ten to have profit in the little run, they will never believe how can the price get so high, and dont really understand how this works, and always think that it will collapse. It will have it's down sides, and it might also get back to $5000, but it will always get back from where it last topped I guess!

[MiningSensei]

I know that this doesnt have anything to bring to the topic, but i love your logo, i am in love with all the abercrombie stuff, i am a little bit obssesed with their clothes because i am buying a tshirt and a lot of stuff from them every weekend, yes, it is insane but i am in love with them.
Regarding to the thread, why do you think that it is "exactly" what is happening with bitcoins? I think that this kind of party has just started, everybody wants to introduce theirselves and all their friends into bitcoin right now because it is being more popular everyday.

[Xavofat]

That's the feeling that the establishment wants you to feel

Disliking the establishment doesn't mean that you have to disagree with every single thing that anyone who is regarded to be part of the establishment ever says or suggests.  I don't care if it's how "they" want me to feel if "they" are correct.

I saw some of your posts on the Wall Observer thread when the price was significantly lower - you went through a brief bearish phase as well.  I don't see why the price rising drastically higher should make you more bullish when there's not a lot more to be bullish about.

Also, some quite establishment figures aren't even against Bitcoin at all, namely Goldman Sachs.

[jjacob]

"Bitcoin feels like an empty room with plates of half eaten food and balloons fallen to the ground."

Read this posted by Peaches, thought it held true.    


Edit:  After the huge pump to $7900 and huge selloff.

If you think the party is over, you couldn't be farther from the truth. It has just gotten a little quiet while the DJ is switching songs.
It would be foolish to believe that $7900 was the peak. Bitcoin futures haven't yet been launched. There is a lot of action happening.

[Youghoor]

You are far away from the reality, bitcoin is not over and this is just starting, all the people are going to came out to the party and this is when all this will start, maybe the balloons are on the floor because it is still the midnight and the party has not started yet 
well i would be serious now.. where the fuck have you read about this phrase? it is sad to see that there are still people who think that bitcoin is a negative thing, i dont get it, why they are trying to spread this kind of fear everywhere?
 

[alyssa85]

The price went up too fast. The speculators pegged the pump on the "news" of the fork and getting free coins.

It's natural that there would be a pullback and a pause for reflection. What is interesting is that bitcoin is holding above the $7000 resistence level.

[btcbeliever]

...
If you think the party is over, you couldn't be farther from the truth. It has just gotten a little quiet while the DJ is switching songs.
...

What a great metaphor - the DJ is switching songs!

I first bought bitcoin in early 2013, in the $10-$25 range.  It was tough waiting out that long bear market from jan 2014 until, well, this year! It is much better to get these min-corrections that occur every month or two, doing a 2 step forward, 1 step back, then to go parabolic up constantly, faster and faster, then have a huge blowout and bear market for years.

[Kingofbitcoin12345]

The increase is normal especially there is a reason for it,, the fork holders but when it was declared to be cancelled then most sold them fast that’s why a decrease is considerably understandable.. The community doesn’t agree with how you describe bitcoin,, maybe I’m not representing them but all replies shows it.. We as a bitcoin enthusiast must be the one creating positive comments toward it but here we are doing the opposite for self interest..

[dothebeats]

Personally I see this corrections as a way of testing confidence on the market and i don't feel gloomy whenever the price is taking a beating, not unlike the bear market of 2014. Everything that's happening in bitcoin so far has been positive, with some dashes of negatives and whatnot but overall, nothing seriously bad for bitcoin. Wjth such a risky investment, all i can say is just move on with the losses and embrace every new one with positive hopes and positive vibe.

[abercrombie]

2017 party is over?? 

[panju1]

2017 party is over?? 

The party has just moved next door, where Bitcoin Cash is celebrating. Bitcoin + Bitcoin Cash = $7600 now, which is not that bad, considering we were at $900 at the start of the year. The hot money might move into Bitcoin yet again.