ledsgo
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Activity: 93
Merit: 11
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November 13, 2017, 04:34:19 AM |
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I am loosing faith in BTC because its old and doesn't do the job anymore...
Yesterday, I wanted to transfer a remaining balance I had in coinbase (around 300$), that transaction cost me more than 8$ and it took 10 hours to confirm.
When my friends ask me why should I use bitcoin, my best arguments use to be its fast and its cheap...
If you want bitcoin to be mainstream, it has to be better than that, I think a wire transfer from my bank would have been faster and cheaper.
I thought bitcoin community were in advance on their time, that they embrace future technology so why does everyone wants to stick with a coin that do not live up to its promises anymore?
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deviant99
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November 13, 2017, 05:04:52 AM |
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It's a matter of fact that BCH is taking over, but that doesn't mean it will. Don't lose hope on what you've read instead just focus on what you've started, it's only just the beginning
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Cinemo
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November 13, 2017, 05:16:08 AM |
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Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. It feels pretty obvious to me that BTC is the best thing ever and BCH is built upon greed, but I'm not entirely confident that either will win in the end anymore.
The huge boost in BCH overnight makes me wonder if anything in the crypto world is legit. Seems like everything is based upon greed. All the figure heads that are suppose to support BTC started being like "oh yeah, BCH is the new bitcoin now guys". John Mccafee (yup, the guy who said he'd eat his own dick on TV if BTC doesn't make it to $500,000 by 2020) is all like BCH is the solution blah blah blah. I figured okay, people are getting paid off to say stuff like this, he's a miner after all so he's looking for money. But then I started reading the core developer's tweets. They either don't talk about BCH, but even some of them were talking about BCH taking over.
I get that pump and dumps are going to happen, but when developers are switching to BCH this means either two things. One, BCH will become the new BTC. Two, developers are greedy and care about making money than BTC.
Another part of me wonders whether this was a pump and dump or not. Perhaps BCH really is better now.
Decentralization, limited supply, medium of exchange, store of value. These words are thrown around a lot when describing BTC, but it just seems to me that people really care only about money. When the developers are like this, that is means for worry. This means people will make changes to BTC strictly for hype to make money, even if it actually hurts the security of the coin.
The only figure head in the crypto world that I feel is trustworthy is the creator of LTC. My reasons are this:
1) He hasn't pumped the crap out of Litecoin with false propaganda
2) He was awkward on TV when talking about Litecoin
3) Intuitively seems more genuine
Last night has left me depressed all day today. I'm very bothered by this. I feel like if I go with BCH I lose. If I go with BTC I lose. I feel like BTC is the good guy and BCH is the evil guy. However, BCH might win in the end. I see possible +EV with BCH though. So last night I caved guys. I caved. I feel sad but I did. I bought BCH which I thought I would never do (I didn't sell most of my BTC, It is like a hedge I suppose). Just seems like the +EV thing to do. Couldn't figure out if it was a pump/dump or a takeover so went with my limited knowledge.
If BCH makes it to $3,000ish I will dump some of my BCH for BTC again.
I'm distraught guys and not in a good way either. I kind of feel like I might be getting played, but I might be making the right decision.
I dont lose hope faith in btc because i know that bitcoin will go rise again just not now but soon i know that this is the part of bitcoin because bitcoin is volatile so i keep holding my bitcoin i have a trust in bitcoin. |
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Flor1982
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November 13, 2017, 05:56:09 AM |
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Yes, it is something that make me think a bit too... but yet BTC is much higher than it was 3 months before. I think we should judge in a longer time span.
Leason learned that bitcoin cash dramatically price value increase is just another pump and dump strategy that failed. For sure people that behind this strategy will going to lose a huge investments because instead of attracting people to sell their bitcoin and buy bitcoin cash due to sudden price increase, the result is opposite that instead BHC holders immediately sell their coins while price is at high which in result bitcoin cash back to its 3rd place right now and continue falling. |
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Habakkuk77
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Activity: 112
Merit: 10
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November 13, 2017, 06:31:22 AM |
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The most regret of the investors and bitcoin users is that when see the the price they get discouraged.
Their basis is the price of bitcoin without knowing that bitcoin price increase in the future.
This must be a lesson for us investors and bitcoin user just continue supporting because bitcoin will never fail.
I hope that this bitcoin will get well.
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CryptosapienZA
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November 13, 2017, 06:38:09 AM |
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The only reason more people will lose more faith in bitcoin is these high fees. I think its said that Core is not taking this as a serious issue. The way I see it is that what will cause the downfall of Bitcoin. I hope the bitcoin community will wake up to this reality. If we ever want mass adoption we have to be able to compete with the visas and PayPal
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worle1bm
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November 13, 2017, 06:45:26 AM |
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Yes in past few days there are many talks about bitcoin market going down to lower level and many who are worried and panic converting their BTC to some other altcoins or withdrawing their money from it but they need to know that these are just temperorary disturbances and after all this is over BTC price will become normal and rise with pump so don't loose your faith in it.Although BCH market cap is growing but still BTC is king so relax
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nakko
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Activity: 28
Merit: 0
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November 13, 2017, 06:49:01 AM |
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The way I understand is like this. Developing Bcash must've cost a fortune, so now is the time to get it all back by selling to the next sucker. Jump of $500 in a couple of dollars. Only a fool will not understand.
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lupinvn
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Activity: 167
Merit: 10
Vietnamese Translator - Bounty manager
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November 13, 2017, 06:51:53 AM |
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lol, I know and really understand what you feel at that time. When you put a lot of hope into something and it not come to a good result. But, this is just a temporary situation, every thing would come back to what they have to be. Btw, if you have faith in Bitcoin at the beginning, why don't you try to find out the reason that make BCH has took over BTC in trade volume? Something that I've learned from bitcointalk forum, they said that vast Chinese miners were intent to harm BTC system with fake transaction. And the problem maybe solved after BCH segwit. Just ready for a rise of the King again. Cheer!
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silent17
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November 13, 2017, 06:57:07 AM |
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Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. It feels pretty obvious to me that BTC is the best thing ever and BCH is built upon greed, but I'm not entirely confident that either will win in the end anymore.
The huge boost in BCH overnight makes me wonder if anything in the crypto world is legit. Seems like everything is based upon greed. All the figure heads that are suppose to support BTC started being like "oh yeah, BCH is the new bitcoin now guys". John Mccafee (yup, the guy who said he'd eat his own dick on TV if BTC doesn't make it to $500,000 by 2020) is all like BCH is the solution blah blah blah. I figured okay, people are getting paid off to say stuff like this, he's a miner after all so he's looking for money. But then I started reading the core developer's tweets. They either don't talk about BCH, but even some of them were talking about BCH taking over.
I get that pump and dumps are going to happen, but when developers are switching to BCH this means either two things. One, BCH will become the new BTC. Two, developers are greedy and care about making money than BTC.
Another part of me wonders whether this was a pump and dump or not. Perhaps BCH really is better now.
Decentralization, limited supply, medium of exchange, store of value. These words are thrown around a lot when describing BTC, but it just seems to me that people really care only about money. When the developers are like this, that is means for worry. This means people will make changes to BTC strictly for hype to make money, even if it actually hurts the security of the coin.
The only figure head in the crypto world that I feel is trustworthy is the creator of LTC. My reasons are this:
1) He hasn't pumped the crap out of Litecoin with false propaganda
2) He was awkward on TV when talking about Litecoin
3) Intuitively seems more genuine
Last night has left me depressed all day today. I'm very bothered by this. I feel like if I go with BCH I lose. If I go with BTC I lose. I feel like BTC is the good guy and BCH is the evil guy. However, BCH might win in the end. I see possible +EV with BCH though. So last night I caved guys. I caved. I feel sad but I did. I bought BCH which I thought I would never do (I didn't sell most of my BTC, It is like a hedge I suppose). Just seems like the +EV thing to do. Couldn't figure out if it was a pump/dump or a takeover so went with my limited knowledge.
If BCH makes it to $3,000ish I will dump some of my BCH for BTC again.
I'm distraught guys and not in a good way either. I kind of feel like I might be getting played, but I might be making the right decision.
I still believed in bitcoin, yes bitcoin cash suddenly go up but then again, as you recall the same way that bitcoin gone before, many people still believed in BTC so i think sooner or later everything will be ok. As of the moment, BCH is not -40+% that goes to show that bitcoin is still the dominant currency around. |
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penig
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Activity: 266
Merit: 13
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November 13, 2017, 06:57:48 AM |
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I wonder if those that have lost faith, and those that ignore the problems for that matter, realise that the supposedly decentralised Bitcoin is been highly dependant on mining power from China? Yeah, there are lot of individual miners, but there are few pools and many miners can be persuaded to join a cause.
So, what are you going to do, bail out, ignore it, or start looking at running nodes and mining even at a small loss? Re-distribute mining power. Also address the problems with slow transactions on Bitcoin which are forecast and behind the Bitcoin forks, rather than arguing over it, denying theres a problem, accept and deal with it. Because while this Bitcoin Cash pump may not have been successful (though not necessarily over) it has highlighted problems and weaknesses. Next time it might work.
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nappoleon
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November 13, 2017, 06:59:01 AM |
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In appears that you're starting to falter, and it seems that your principle fluctuates with the price. I understand that you maybe coming from an economic standpoint. However, price movements should be the least of our basis of its survival when your philosophically inclined, in fact this should be a buying opportunity if you truly believe to its potential.
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xebecstyx
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Activity: 168
Merit: 10
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November 13, 2017, 06:59:20 AM |
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I have lost some faith in bitcoin, but it does not mean that i will move all my funds to bitcoin cash or just to another crypto because of this whole panic in the forum.
I have made a profit of about 0.50 because of bitcoin cash. I was trading with btc/bch in the last night, and it was very profitable because i could make some profit when it was $1300 and suddenly it touched $1900, so i was lucky i guess.
But i am not going to move all my funds in there, i still trust in bitcoin and i know that it has a lot of potential to keep going up.
I think that is a normal reaction seeing how the price of bitcoin is playing in the market now. However, we should also agree with the fact that this happened before, and from history and past trends, we can say that bitcoin was able to come back up. In that sense, what's happening now, however unfortunate, could be said as part of the current market trend. Therefore, I am hopeful that bitcoin can regain its former price point or higher. |
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bettor_earth
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Activity: 14
Merit: 0
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November 13, 2017, 07:01:38 AM |
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Hi, I am the most connected person with the group who are control the whole banking and bitcoin-crypo system ever appeared at bitcointalk.org All of what you guys are seeing (Bitcoin Cash, Bitcoin unconfirmed transactions, etc.) is just a signal from the group behind. That signal is very clear, the changing in Global Money System. The reason Bitcoin and all other crypocurrncies going to false and false quickly because of 2 reason: 1. The global currencies money reset. There will be a brand new money system will replace the current one. 2. The environment, mining bitcoin or any crypocurrnecie is extremely harmful to the environment. If you want to know more about the Global Currency Reset, read this: https://angelteam.wordpress.com/2017/11/05/100-truth-about-global-currency-resetOn the bright sight, Bitcoin used to be cheap just like Zimbabwe money note now... If you want to become rich, you just need to listen to me. Go buy a Zimbabwe note, there will be a group going to buy 1 million GBP per Zimbabwe note very very soon. Remember Zimbabwe money note is very very limited and it all printed and finished long ago already. Imagine there is a news on the media like that? Zimbabwe money note picture used to be laugh for the entire world will be brought back !!! And this time it is much much more fun and entertainment. I highly recommended all of you going to buy Zimbabwe money note right now, or you will miss the once in lifetime, and this chance will never comeback again !!! more information about this topic: https://angelteam.wordpress.com/2017/11/09/official-final-zimbabwe-money-note-exchange-guide-rate-and-more/There is no any kind of donation or any kind of commercial on that blog. Feel free to discuss Regard, Bettor Earth |
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bellamae
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November 13, 2017, 07:25:15 AM |
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I think that much will definitely lose faith or confidence in bitcoin due to the emerging news. Not just news but rather in real especially on the big screen and a few minutes later the price of bitcoin dropped sharply. But do not despair because bitcoin is becoming increasingly popular around the world, many want to manipulate bitcoin. We do not have to panic many can happen in the next few days. This is a chance to invest in bitcoin while its price drops.
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illinest
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November 13, 2017, 07:32:20 AM |
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The way I understand is like this. Developing Bcash must've cost a fortune, so now is the time to get it all back by selling to the next sucker. Jump of $500 in a couple of dollars. Only a fool will not understand.
I'd like to believe so, but Bitmain, Roger Ver and others have staked their reputations on this. I don't think it's just an overnight cash grab. I don't know how sustainable their manipulation really is, but I also don't think the kind of time and money they have invested (mining and marketing BCH) was intended to climax with one night of price pumping. The spam attack on the BTC blockchain has been impressive, too -- I've never seen anything like it. And Bitmain is only accepting BCH for payment for mining hardware now. It's an attack from all directions..... I never would have thought Jihan Wu would attack Bitcoin so openly considering how deeply invested Bitmain is. |
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xiaohang07
Sr. Member
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Activity: 392
Merit: 253
Open and Transparent Science Powered By Blockchain
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November 13, 2017, 07:49:24 AM |
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Having faith in BTC in the last 5 years might be highly rewarding, but it does not mean that this faith will carry you through in the next 5 years. The meta of the crypto-world is constantly changing, and it is just too risky to hold on bitcoin blindly.
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DoublerHunter
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November 13, 2017, 09:00:05 AM |
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Why you need to lose some faith in bitcoin? Just because the price is falling down and the transaction fees are increasing? It is normal for bitcoin to have those things because the price of bitcoin is going up and as you can see the only major jump in terms of fees is not in the value of bitcoin but its value in dollar so the people thinks that the fees are so high but the only thing is they are basing in us dollar or fiat value of the fee. Since the mining difficulty is going up, the fees are also going up because the bitcoin needs to attract miners to stay and not to leave the network because of the satisfaction in profit IMHO.
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saffira
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November 13, 2017, 09:22:09 AM |
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The value of bitcoin is volatile. It may rise and sometimes it goes down. However, I think there is no need to panic. It happens several times and it is just proven that within several years of existence, it already proven that its value may go down but always rise again.
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mOgliE
Legendary
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Activity: 1344
Merit: 1251
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November 13, 2017, 11:47:36 AM |
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"Losing faith" is a bit over-reacting, isn't it?
I mean, we all know that bitcoin is subjected to much fluctuations... We all know that even though it is "sure", it is also quite impossible to make any forecasts.
People are playing with bitcoin for the moment. And I do not say it is bad.
Yet, understand this feeling of "bitcoin will change the world!!" and... actually nope. Though, I think it is still a source of positive transformations within society, especially regarding huge financial institutions. Just leave it some time. And let people take their time too. Getting acquainted with bitcoin is way easier if you see it as a leasure, a source of fun. I think this is the best way to learn.
Leave it some time, things may change. But slowly, as for any lasting change!
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