Arrogance of Bitcoin is its own main Enemy

[Al-e_x]

you are right, the arrogance of bitcoin when it reaches 20K makes bitcoin unaware that is one of the reasons for bitcoin falling today.

rising so high even can not be controlled, and drops also cannot be controlled.

[nidacoinlove]

Arrogance of bitcoin? I disagree with you, poster, because we are the ones who give bitcoin value through our buying and selling. The truth is that bitcoin can not lose its popularity due to the prolonged price fall that is equally affecting other cryptocurrencies.

Yes We could call it BTC arrogance if the rest were doing well and it was not. Unfortunately as a whole the crypto market is on a down trend since Bitcoin has dropped it's value. It's like people will call now some bad sighting on the whole virtual currency market. These market situation are some to say but above such beliefs. We have some other real solid reasons to focus on for Bitcoin price drop.

[abelmon66]

It's true with everything you say, and the arrogance of bitcoin is an ever-prevalent price bubble, and we should always take advantage of that bubble, and we must also avoid panic selling or panic buying so we do not get caught.

[Baimovic]

Arrogance of bitcoin? I disagree with you, poster, because we are the ones who give bitcoin value through our buying and selling. The truth is that bitcoin can not lose its popularity due to the prolonged price fall that is equally affecting other cryptocurrencies.

Yes We could call it BTC arrogance if the rest were doing well and it was not. Unfortunately as a whole the crypto market is on a down trend since Bitcoin has dropped it's value. It's like people will call now some bad sighting on the whole virtual currency market. These market situation are some to say but above such beliefs. We have some other real solid reasons to focus on for Bitcoin price drop.

how many values you have given for bitcoin, so your value affects bitcoin price? are you part of whales that control bitcoin prices? I even hesitate.

I understand that the volume of bitcoin transactions affects bitcoin prices, but only whales have a major influence on bitcoin price control.

I see that this cycle is a boomerang for bitcoin.

[chaoscoinz]

i have observed that now bitcoins arrogance causes its price drop

as soon as bitcoin looks too expensive, people start seeing bitcoin as some sort of arrogant cryptosect,

and the price drops, as will its popularity,

as soon as 12 000 USD are beeing reched again and people start speculating a price explosion again, bitcoin looks again arrogant for many and people will drop it

someone else expects the same?

regards

The price fluctuations are very noticeable, Bitcoin is a bit of a curiosity, more so than an investment to some. The main reason for the crash was from the governments around the world passing their judgement upon how it should be outright banned, or regulated.
   When that happens, the panic continues to ensue as people begin to lose faith, due to the rigidness of the some of the decisions made by parliament.

[andohyeb]

Traders need to show some kind of arrogance after holding their bitcoins for long time, if in case they see the price rising. I don't think this this pride as you called arrogance is an enemy to bitcoins.

[Zebulun18]

I don't think the component of bitcoin that influences the cost to rise surprisingly isn't designated "pomposity". At the point when heaps of individuals request bitcoin for their exchanges or as a type of venture we can just expect a value increase. This is typical for each money and item. On account of bitcoin, a few people don't really recognize great section focuses in the bitcoin advertise before contributing. Such activities have distinctive repercussions available.

[markint]

It is quite weird to think that the cause of the frequent corrections in the price of bitcoin is due to its supposed "arrogance", as if the bitcoin were a thinking and autonomous entity that could choose itself to adopt a position with respect to the markets. It is true that the psychological factor is very important in market trends, but in the end it is the individuals (and especially the big speculators) who are mainly responsible for the erratic movement in the price of bitcoin.

[Fmradio98]

what number of qualities you have given for bitcoin, so your esteem influences bitcoin cost? is it accurate to say that you are a piece of whales that control bitcoin costs? I even waver.
I comprehend that the volume of bitcoin exchanges influences bitcoin costs, however just whales affect bitcoin value control.

[DooMAD]

Is this turd of a thread still going?  It's not "arrogance", it's "network effects".  Bitcoin has the value it does (whether you choose to ascribe that "value" in utility or dollars), above and beyond what other coins manage to achieve, by having the largest numbers behind it.  More active developers, more users, more hashrate, more nodes, more merchants and acceptance in the real world.  Whether you're merely a speculator or a believer in open-source, permissionless freedom and censorship resistance, that's what gives it its value.

[carrascos]

I do not think that this is correct. how can a digital asset have arrogance?

[nick_nick]

i have observed that now bitcoins arrogance causes its price drop

as soon as bitcoin looks too expensive, people start seeing bitcoin as some sort of arrogant cryptosect,

and the price drops, as will its popularity,

as soon as 12 000 USD are beeing reched again and people start speculating a price explosion again, bitcoin looks again arrogant for many and people will drop it

someone else expects the same?

regards

I wouldn't want to use the term "arrogance" in reference to the continuous fall in the price of bitcoin. Some may have their own opinion for saying so but I strongly believe its all about the demand and supply which changes over a period of time; a trait that characterized cryptocurrencies. What about the altcoins that keep falling everyday; is that also arrogance?

[Ilegendph]

i have observed that now bitcoins arrogance causes its price drop

as soon as bitcoin looks too expensive, people start seeing bitcoin as some sort of arrogant cryptosect,

and the price drops, as will its popularity,

as soon as 12 000 USD are beeing reched again and people start speculating a price explosion again, bitcoin looks again arrogant for many and people will drop it

someone else expects the same?

regards

I believe its not all about bitcoin arrogance. Well, most of people knew that bitcoin is quite speculative and its natural for them to sell their bitcoins at those prices because it will give them profits. The speculative nature of bitcoin gives too much volatility unto it because most of the people who buy bitcoins are investors and traders that is why the price is fluctuating too much and what you said should be expected.

[bitbunnny]

I don't understand what do you mean exactly by Bitcoin arrogance? But I'm convinced that you put it all wrong.
Users are those who are defining Bitcoin and without them it wouldn't even exist. So status and price of Bitcoin are depending on their users. And those who would abandon Bitcoin every time when price goes down are not true users at all and know very little how it's functioning.

[Dragongin]

That's fine as long as there are healthy discussions. Bitcoin always has the highest price compared to other coin coins, and bitcoin is expensive but this is not the highest price of bitcoin, one day the bitcoin price could rise above the highs in 2017. Bitcoin has gained confidence and is now confident in his abilities. The reason is very simple. Even if the transaction price is $ 100 + there will be people who send millions of dollars and give them $ 100 just like you are a cent. When countless people ask for their bitcoin deals or as a form of investment, we can only expect price increases. In the case of bitcoin, some people do not really identify good entry points in the bitcoin market before investing.

[Patatas]

i have observed that now bitcoins arrogance causes its price drop

as soon as bitcoin looks too expensive, people start seeing bitcoin as some sort of arrogant cryptosect,

and the price drops, as will its popularity,

as soon as 12 000 USD are beeing reched again and people start speculating a price explosion again, bitcoin looks again arrogant for many and people will drop it

someone else expects the same?

regards

I usually like your inputs on the altcoin projects but you are taking this one too far up a rat's ass. The market works on numbers, statistics and trading volumes. Psychological factors aren't enough to manipulate the market. Only small-ballers, illiterate traders do the panic selling. Actually, I have no idea where are we goiung with this topic.

[gesdan]

i dont know about it, maybe you are truu that arrogance will be our enemy in bitcoin and trading, because we can see that every time we arrogance we will get the bad result

[PsylockReborn]

I don't agree with your post. First, bitcoin is a cryptocurrency not a person. The term arrogance won't apply to a thing. If you find something that has of great value arrogant then there must be something wrong with your judgement. I just don't understand why there are some individuals who are so salty when bitcoin's value skyrocketed. They are really doing their best to bring down this awesome technology for they don't understand a thing. We are moving into the digital world and nothing can stop this technology for this can bring lots of benefits to all of its users.