Bitcoin is like Myspace - and will be abandoned like Myspace

[freightjoe]

Myspace had 500 million users who believed in it. Their belief drive the value up.

Then came facebook - and Myspace was totally abandoned and the value of the "belief" dropped like a stone

Bitcoin is the same - when something better comes around, belief will crumble and Bitcoin will be abandoned like Myspace and investors will have zero value. And Bitcoin will indeed be abandoned as it has again and again proven itself completely useless for large-scale practical applications.

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[weertgilders]

Nothing lasts forever so I'm sure that at some point even bitcoin will succumb to this rule too but that time is not now, it is not even in the near future.

[Slow death]

just see the history of your post to realize that you have hatred of bitcoin and you are spreading your poison all over bitcointalk, which I can not understand and why the hell you just do not leave the bitcointalk and let people invest in bitcoin, see the Your post:

It is only a bunch of zeros and ones stored on computer harddrives - Bitcoin is only an abstraction that a bunch of people believe in. When that belief goes down - Bitcoin will disappear again. T

It has become more and more expensive to be mining Bitcoin. When the price of Bitcoin falls below the cost of mining, mining will begin to stop. When that happens, no-one who owns Bitcoin can sell or buy or use Bitcoin for anything - everything just becomes stuck.

Can any one suggest me . when bitcoin price is going to rise ? And wat is the right time to buy bitcoin

It is not. It will continue to go down as more and more people realize it has no practical applications. It will not be straight down. The pattern will for example be drop 800, then increase 400, then drop 800, increase 400 and so on and so on. People in here will say "buy the dip" when you are down 800 - tricking you into a long-term total loss.

 

Dude, you're scaring people.

Peak - 16 Dec: 20.000$

Dip - 30 Dec: 12.600$

Peak - 6 Jan: 17.100$

Dip - 5 Feb: 6.900$

Peak - 4 Mar: 11.500$

Dip - start April, we are at 6.700$ and still declining.....



HODL together with "buy the dip"  is the worst strategy - guaranteed to destroy you money.

If you feel lucky, try buying the dip and make absolutely sure you sell at the peak - but then you might as well also be playing at the casino.....

 

Dude, you really hate bitcoin.

Hey, guys. Today I thought about what would happen if I cease to diversify their risks, sell all altcoins. Leaving all in bitcoins and wait until the rest of my Deposit will not grow.

Will I be able to earn more money for 2018 with this strategy?

I already did so in the summer of 2017, leaving 60% of my Deposit in ETH for six months and did not regret it. I advise you to think about this strategy. Thank you all for your answers.

buying altcoins and bitcoin is NOT "diversification". Any competent investor will know that diversification is buying very different asset types - and ALL coins belong to the same asset class, crypto.

Anyone believing they are diversifying their risk by buying different coins are deluding themselves.

 

curious to know why you're still on bitcointalk

[freightjoe]

Dude, you're scaring people.

I hope so

curious to know why you're still on bitcointalk

Every person who gets sufficiently scared and sells out before it is too late is a person I have helped avoid an eventual total loss

[invincible49]

Are you being paid by people like Jamie Dimons to spread FUD, discouraging people against cryptocurrency in general? You have just today come up with two ridiculous threads where you slated off Bitcoin saying some metaphorical stuffs. Humans are designed to adopt with new system over the old ones but saying if there is new phenomena better than Bitcoin then interest in its will drop is actually valueless at this point. The great deal of advantages it offers to people will always be the reason for its longevity among us. If you think it has no future then why bother wasting time on here and feeding us with your nonsense metaphorical examples?

[Kprawn]

Dude, you're scaring people.

I hope so

curious to know why you're still on bitcointalk

Every person who gets sufficiently scared and sells out before it is too late is a person I have helped avoid an eventual total loss

Bullshit. You are just like all the rest of the shills that are being paid to spread FUD about Bitcoin and other Crypto currencies.

It is either that, or you want the price to go down, because you want to buy cheap again. {Lost out previously and now wants

to get in at a low price} When the newbies panic, they sell their coins <--- exactly what OP wants.

There are many people like this going around the forum, spreading FUD about Bitcoin. Most of them have hidden agendas..

or they made bad decisions and got burnt... and now they turned Buttcoiner.  

[-Sinner-]

I would say that bitcoin is like facebook.. No matter what happens, if people earn or lose with it, after all, every single person will use it.
Don't know why there are so many haters out there.. If you don't like bitcoin, why do you write on a forum called Bitcointalk?

[LFC_Bitcoin]

OP looks like a butthurt troll to me. What’s the matter, did you find out about bitcoin too late & can’t afford to buy in now? Are you an early adopter who had the chance to be rich but sold way too early & now you can’t look in the mirror without hating yourself?

If you hate bitcoin so much & don’t think it has any future then why don’t you fuck off & spend your time more productively doing something you enjoy elsewhere.

[Beparanf]

OP looks like a butthurt troll to me. What’s the matter, did you find out about bitcoin too late & can’t afford to buy in now? Are you an early adopter who had the chance to be rich but sold way too early & now you can’t look in the mirror without hating yourself?

If you hate bitcoin so much & don’t think it has any future then why don’t you fuck off & spend your time more productively doing something you enjoy elsewhere.

Bitcoin been compared into many popular websites that been to popular before like yahoo, but bitcoin have its unique importance that can't be replace eaaily for its uses that c

[Gunawan82]

if we talk about money it will be immortal, like gold that until now masi many people looking for it, so bitcoin will be like that..

[bakujo0817]

Myspace had 500 million users who believed in it. Their belief drive the value up.

Then came facebook - and Myspace was totally abandoned and the value of the "belief" dropped like a stone

Bitcoin is the same - when something better comes around, belief will crumble and Bitcoin will be abandoned like Myspace and investors will have zero value. And Bitcoin will indeed be abandoned as it has again and again proven itself completely useless for large-scale practical applications.

why your so hate bitcoin?if you hate that so much on bitcoin better leave in this forum you dont need spread fud here.

your wrong  comparing bitcoin to my myspace theres so many Altcoin that better than bitcoin in term of speed transaction and low fees but still bitcoin still the number 1 until now.

[freightjoe]

OP looks like a butthurt troll to me. What’s the matter, did you find out about bitcoin too late & can’t afford to buy in now? Are you an early adopter who had the chance to be rich but sold way too early & now you can’t look in the mirror without hating yourself?

If you hate bitcoin so much & don’t think it has any future then why don’t you fuck off & spend your time more productively doing something you enjoy elsewhere.

Typical reactions in here. You bitcoin fans are exactly like a brainwashed religious cult - you start whining and crying whenever there is information that does not match your view. But you may want to read up on how it went to the cult members following Jim Jones to Guyana - and consider where the cult of Bitcoin will take your money.....

[freightjoe]

Myspace had 500 million users who believed in it. Their belief drive the value up.

Then came facebook - and Myspace was totally abandoned and the value of the "belief" dropped like a stone

Bitcoin is the same - when something better comes around, belief will crumble and Bitcoin will be abandoned like Myspace and investors will have zero value. And Bitcoin will indeed be abandoned as it has again and again proven itself completely useless for large-scale practical applications.

why your so hate bitcoin?if you hate that so much on bitcoin better leave in this forum you dont need spread fud here.

your wrong  comparing bitcoin to my myspace theres so many Altcoin that better than bitcoin in term of speed transaction and low fees but still bitcoin still the number 1 until now.

Then remember that Myspace was also seen by 500 million users as number 1 - all the other social media spaces were really "alt-spaces" compared to Myspace. Yet it completely disappeared quickly

[hatshepsut93]

Myspace had 500 million users who believed in it. Their belief drive the value up.

Then came facebook - and Myspace was totally abandoned and the value of the "belief" dropped like a stone

Bitcoin is the same - when something better comes around, belief will crumble and Bitcoin will be abandoned like Myspace and investors will have zero value. And Bitcoin will indeed be abandoned as it has again and again proven itself completely useless for large-scale practical applications.

"When" is the wrong word here - there are numerous examples of products and companies being around for decades despite the competition - Google, Microsoft, Intel and so on.
In reality there's actually very small chance that Bitcoin will be abandoned in the observable future, because it is in fact the best coin - it's developed by hundreds of contributors, many of whom are experts in their field, unlike small groups of mediocre programmers behind most altcoins. Bitcoin is also driving innovation like Lightning Network, while altcoin projects design centralized systems with many flaws that they just ignore.

[freightjoe]

Myspace had 500 million users who believed in it. Their belief drive the value up.

Then came facebook - and Myspace was totally abandoned and the value of the "belief" dropped like a stone

Bitcoin is the same - when something better comes around, belief will crumble and Bitcoin will be abandoned like Myspace and investors will have zero value. And Bitcoin will indeed be abandoned as it has again and again proven itself completely useless for large-scale practical applications.

"When" is the wrong word here - there are numerous examples of products and companies being around for decades despite the competition - Google, Microsoft, Intel and so on.
In reality there's actually very small chance that Bitcoin will be abandoned in the observable future, because it is in fact the best coin - it's developed by hundreds of contributors, many of whom are experts in their field, unlike small groups of mediocre programmers behind most altcoins. Bitcoin is also driving innovation like Lightning Network, while altcoin projects design centralized systems with many flaws that they just ignore.

The companies that have been around for decades actually produce goods or services that can be used. They do not provide a fiction for people to "HODL". BTC has shown again and again that it does not practically work for anything

[eaLiTy]

Bitcoin is the same - when something better comes around, belief will crumble and Bitcoin will be abandoned like Myspace and investors will have zero value. And Bitcoin will indeed be abandoned as it has again and again proven itself completely useless for large-scale practical applications.

First and foremost you are comparing social media sites to an economic revolution which is a dumb thing to do, if bitcoin is abandoned i can tell you that the entire market will close down, if bitcoin cannot sustain the long run, then no coin will, there are developers working to improve it and you are telling that it will die because there will be another technology that will come with a better technology,if bitcoin goes down then nothing will sustain.

[freightjoe]

if bitcoin cannot sustain the long run, then no coin will,

That is correct - no coin will. That is also why people who say the "diversify" by buying altcoins are deluding themselves.

[mammothine]

Point is noted, but it might be closer to compare, say, PoW to PoS or DAG.

[AbyssLagiaz]

Ask ourselves if Facebook would be that popular now than Myspace if it didn't provide the better needs to the public in social terms. They're both social media sites and MySpace dried out after Facebook gained so much users. Consider also Friendster that closed few years ago. These social sites closed because it didn't provide the better interface that will likely be the satisfaction of the user and also interaction by the way. So how does this apply to Bitcoin? Bitcoin isn't perfect, but through time it gets innovation in the network. We got Lightning Network. More than those innovation, we're still in the gathering of adoption yet aiming to the full adoption of it in the future. This  phenomena that Bitcoin will dry out like Myspace in the future is still a bit debatable. We had not yet reached the full stage of development and I'm being optimistic to say that it will get more development than that. The whole point I'm trying to say here is the spontaneous changes of Bitcoin through its development without losing its purpose to be a currency while also at the same time it gains adoption and attention. Maybe Bitcoin is really the Facebook and fiat currency is the MySpace or it could be opposite. If Bitcoin will dry out anyway in the future, some digital coin will surely replace it. We still have the purpose of having a digital money for convenience and Bitcoin failed to be the better entity from that replacing coin but hey we still got what we need right?

[TheQuin]

when if something better comes around

Fixed it for you. So far Bitcoin is leading the adoption and development race and is much closer to have a solution to scaling issues than any of its competitors. If someone does invent some snazzy new idea, it also has the best developers to implement it first. So the risk of Bitcoin being supplanted is quite remote.

I haven't seen you around for a while but I see you finally got around to deleting the old posts from whoever owned that account before you. You're still stuck with the name despite not having their interest in the freight business.