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Author Topic: Nothing is dying except the illusion of easy seemless riches.  (Read 264 times)
shinjunobi09
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February 07, 2018, 10:28:55 AM
 #21

Their hopes of becoming rich here in bitcoin is what is considered dead, in reality when bitcoin reached the 10,000 USD marked everybody expects it to become higher and higher than they forgotten that the demand of bitcoin is never going to be always going their way because we are in a trading industry there's always going to be bad times after the good part in order to balance the rotation of the market.

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February 07, 2018, 10:40:10 AM
 #22

Well, I don't have any mercy for "investors" who bought bitcoins in december at top price and sold them in these days with huge loss.

If you are a real trader, you know perfectly how to profit of any situation, as it doesn't matter if the price rises or falls.
(btw, the volatility of these days, where price jumps up and down by 15/20% is the heaven for scalpers.)

If your only strategy is "I buy some bitcoin and I hope they will grow forever..." of course you'll be punished.
And if - as a lot of people did in december - you borrowed money to buy bitcoin and now you went bankrupt...
well, it's called "natural selection" :-)

 

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February 07, 2018, 11:07:42 AM
 #23

Being possitive in all this news is really what the community should think. Unlike the newcomers that did not understand what crypto currency was where really making a fuss out of it because they buy at peak of the bitcoin rally that results to dump.

For new comers, always keep in mind the buy low sell high quotes of most traders in the crypto currency if you really want to make a profit.

Lol. A lot got in during btc rise and probably a lot of those people already sold off their btcs in panic and would not deal in crypto again  for a while Cheesy experience is really essential when it comes to trading because that buy low sell high principle isn't as easy as it sounds.

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February 07, 2018, 12:13:52 PM
 #24

"Bitcoin is down, crypto is down, everything is down, this is the end, crypto and bitcoin are dead."

How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.

Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.


It quite annoying to read those subject here in the forum those people spreading fear among those people who is already in a panic mode. I think your explanation is very logical. Crypto still has good future and after this crash it will bounce back again in great number.
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February 07, 2018, 01:22:40 PM
 #25

"Bitcoin is down, crypto is down, everything is down, this is the end, crypto and bitcoin are dead."

How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.

Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.

I agree with what you've said here. I've read the statement far too many times, and I'm definitely questioning whether or not people were here just for the quick profits or to actually discuss bitcoin, blockchain, and altcoins overall. Of course, I understand that many people saw bitcoin as a way to get rich quickly. However, I just feel that it doesn't make sense that people saw this and instantly jumped into the coin without even learning anything about it. That's pretty much sheer stupidity.

Also, people don't even want to take a look at the growth over time. You mentioned it, and it was definitely a huge amount over the past years. While I was surprised by when the drop came, I'm not surprised by how much the drop took out.

Those who must have saw how high the price was when it was rising last 2017 got enticed to invest even without knowing exactly what bitcoin was. Apparently, those who are just new and has experienced this rise are now very disappointed because of where the price is right now. They feel like they’ve lost their investment and are now probably exiting already. They just saw this as an investment opportunity and now that its price is dropping, they think that it is already dying. Even though I was also suprised how far the drop is going, looking at the price chart you can still see that bitcoin was very different as compared to before or the past year.
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February 07, 2018, 05:51:26 PM
 #26

I fully agree. Lot of people before december 2017 ridiculed bitcoin; then, with a perfect example of FOMO (fear of missing out), they jumped on bitcoin wagon, without to know anything about cryptocurrencies and trading.
And of course, instead to hold, they sold everything after a month.
Yer, this is real natural selection!




Well, I don't have any mercy for "investors" who bought bitcoins in december at top price and sold them in these days with huge loss.

If you are a real trader, you know perfectly how to profit of any situation, as it doesn't matter if the price rises or falls.
(btw, the volatility of these days, where price jumps up and down by 15/20% is the heaven for scalpers.)

If your only strategy is "I buy some bitcoin and I hope they will grow forever..." of course you'll be punished.
And if - as a lot of people did in december - you borrowed money to buy bitcoin and now you went bankrupt...
well, it's called "natural selection" :-)

 

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February 07, 2018, 11:46:40 PM
 #27

Yes most of the people have become more greedy nowadays and they just want to become rich overnight with bitcoin.Now they have to change their attitude of earning infinite income from cryptos and i think that slow and steady increase in price is good for cryptos.Let the greedy people leave the crypto community and it would not affect it in any way. Most of investors become victims of FUD and they even refuse to think that they are still in the safer price.

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February 08, 2018, 02:34:18 AM
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 #28

"Bitcoin is down, crypto is down, everything is down, this is the end, crypto and bitcoin are dead."

How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.

Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
You are right but at the same time it is unavoidable, the media loves this, they love the drama, so when bitcoin is up they release headlines stating that bitcoin is going to change the world and things like that, but when things go wrong with the price, we will get headlines like bitcoin is done for and people let themselves be influenced by it, so the only way to avoid being influenced by those articles is to try to form our own opinions and to not listen to the noise produced by the media and those that listen to it.
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February 08, 2018, 03:17:05 AM
 #29

Everytime i open this forum and check new thread, always see this headlines "bitcoin is falling", "the end of bitcoin", "sell now". I answered in this thread and giving my own opinion on how the bitcoins movement. This sometimes, gives the wrong impressions to bitcoins probability. And helping other people to think that this is the really end. And the outcome, so much dumping in different coins and tokens, that is why red mark is always present in the different exchanges.

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February 08, 2018, 05:28:42 AM
 #30

Everytime i open this forum and check new thread, always see this headlines "bitcoin is falling", "the end of bitcoin", "sell now". I answered in this thread and giving my own opinion on how the bitcoins movement. This sometimes, gives the wrong impressions to bitcoins probability. And helping other people to think that this is the really end. And the outcome, so much dumping in different coins and tokens, that is why red mark is always present in the different exchanges.
Yes, there is no easy way to be success and there is no easy way to be rich. Actually I do not really know about the cause of the current price drop. There are a lot of opinions and accusations against various parties. But I guess we can not accuse every person or any party without knowing directly. We must thoroughly investigate the whole and not just give an opinion which comes only from a little knowledge. Some say that the decline in price Bitcoin caused by the number of people who sell simultaneously. Some say that this price reduction is caused by the news is inconsequential and wrong. There is also a opinion that the current decline in Bitcoin prices caused by one of the most powerful and powerful country in the world that is China. I do not know which one is true.

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February 08, 2018, 01:20:40 PM
 #31

People have become more greedy.They need bitcoin price to increase every day and even if bitcoin after an increase settles down in a lower price but greater than its previous ATH,then also investors get upset and start to complain that bitcoin is dead.

Same thing is being witnessed now.Bitcoin price was around $7,000 two months earlier and now its price is $8,493.But still,people complain that bitcoin is going to die.

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February 08, 2018, 01:28:54 PM
 #32

Great reflection. We don't see ppl yelling 'stock market is dead', 'bonds are dead' or etcs. Crypto will not die but there will bee the discover of the true aspects of crypto by the population, becouse by now just a few ppl now that cryptos are just a form of scarcity that can be send far away, and that mey or may bot be value in it.
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February 08, 2018, 04:23:38 PM
 #33

Yes, this may be hard to accept, but it's absolutely true.
More over, inexperienced wannabe traders are at the same time greedy and fearful, so the jumped on bitcoin creating a bubble, and then they panic creating - or at least amplifying - the crash.
And it's evident that the last measures against bitcoin were take to protect stupid people from themselves.


Well, I don't have any mercy for "investors" who bought bitcoins in december at top price and sold them in these days with huge loss.

If you are a real trader, you know perfectly how to profit of any situation, as it doesn't matter if the price rises or falls.
(btw, the volatility of these days, where price jumps up and down by 15/20% is the heaven for scalpers.)

If your only strategy is "I buy some bitcoin and I hope they will grow forever..." of course you'll be punished.
And if - as a lot of people did in december - you borrowed money to buy bitcoin and now you went bankrupt...
well, it's called "natural selection" :-)

 

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February 08, 2018, 05:03:49 PM
 #34

I really cannot understand why people spend negative news about crypto. There is no other investment option that can even given half of this return.
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February 08, 2018, 05:13:09 PM
 #35

"Bitcoin is down, crypto is down, everything is down, this is the end, crypto and bitcoin are dead."

How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.

Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.

The concluding part of your statement got me and its worth pondering over by  everybody who is one way or the other involved with crypto. That is the salient truth but because human by nature are forever greedy they just want everything to be on the increase yet they are the ones to raise alarm about how crypto is turning into ponzi, will it reach $100000 and all of imaginary figures.

At this time that price is, I won't even say its a crash because its still an increase that no investment in the world can turn out that is available to everyone who have the knowledge but we are aware of $20000 so $8000 is a failure to us. "Only our thought is dead but not crypto" nugget for the week

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February 08, 2018, 05:41:49 PM
 #36

yes i have been read this things that some people says bitcoin and altcoin will not survive and will be dead soon with very often since the price suddenly dropped but i personally didn't think too serious about their statement because in my view cryptocurrencies will not died too early and i consider too this downtrend situations only corrections price before starting to rise up again soon
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February 08, 2018, 07:34:17 PM
 #37

yes lately I often see topic like that. I don't understand when people say bitcoin is die but they are still in here, not leaving bitcoin. they should stop thinking like that if they still hope bitcoin can give them profit, but when they are always negative thinking about bitcoin just because the current market condition, I think they have to leave bitcoin.

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February 08, 2018, 07:43:17 PM
 #38

A lot of the volatility we have seen over the last couple months has been from the new investors coming into the market. They don't have the patience needed to hold on long term and want to get rich quick, and then panic and sell when it starts to temporarily decline. While last years climb was great, those of us that held for years went through long periods of trading sideways and declines before seeing the drastic profits. Long term crypto will remain strong, we are still in the initial growth phase and once wide spread acceptance and institutional trading starts to ramp up we will very likely see massive gains again. However, this is going to take time and those that don't have the patience to HODL will be staring in regret a few years from now when looking at today's threads mentioning prices.
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February 08, 2018, 07:44:00 PM
 #39

This is true, since here encounter bitcoin when the value is already $6000 going up, the moment they see a dump makes them thinks bitcoin will going to end not knowing the fact that bitcoin used to be valued at $2300 and even lower than that befor, and having $6000 is still worth and consider to be a good value for bitcoin. The problem is that many don't really undestand what fluctuation is and just make their judgement on how they see the current market.

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February 08, 2018, 08:02:58 PM
 #40

"Bitcoin is down, crypto is down, everything is down, this is the end, crypto and bitcoin are dead."

How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.

Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
This is a common mindset for those people who do just jumped in into crypto and put some money and wait up for them to get rich without even knowing on how volatile is the market and suddenly the price crash that they didn't even expect for it to happen then they do say things "bitcoins or crypto is dead" without even thinking and seeing past prices on the coins they had invested to.


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