Bitcoin will be destroyed by early adopters

[e521]

Price can't go to $50 unless a catastrophic news, period.

they have been pumping and dumping and making millions from that alone. when they feel the market can't bear more, why not dump and abandon all? what does it matter to those who have made a hundred million already?

Please provide some facts.

[bitmarket.io]

Yes, those who get scared they will lose their millions and dump 10000+ or more at the market, starting an avalanche. I'm convinced that pump and dump has been going on for a long time, the question is, when will they overdo it to kill it all.

Redistribution of wealth.  Once more people have these coins things will be better. And less radical. 

[balanghai]

Do you think the early adopters are naive? They will only withdraw on different peak instances. And considering AML regulations, they can't at this time cash out more than BTC10 at a time.

[pand70]

Price can't go to $50 unless a catastrophic news, period.

they have been pumping and dumping and making millions from that alone. when they feel the market can't bear more, why not dump and abandon all? what does it matter to those who have made a hundred million already?

Please provide some facts.

I can't because you quoted something that another guy said under my name 
fix it please 

[uMMcQxCWELNzkt]

It's true that those holding a large amount of coins could bring down Bitcoin, however this would be temporary. Bitcoin users would need a concrete reason abandon Bitcoin, a load us would just buy from all the idiot panic sellers and reap the rewards. The only way Bitcoin is going down long term is if it gets outlawed or some kind of regulations prohibit its use on a global scale. Only bears should be fearful of this. 

[pand70]

a load us would just buy from all the idiot panic sellers and reap the rewards.

Losing your temper and calling panic sellers idiots doesn't look like you believe to much on what you say.
Just saying 

[psyclon]

I don't think that you can find people that are more hardcore hoarders than early adopters. Most of them just hoard and wait for the price to hit 100k or 1m $.  

they have been pumping and dumping and making millions from that alone. when they feel the market can't bear more, why not dump and abandon all? what does it matter to those who have made a hundred million already?

You are talking about speculators. I can hardly find any speculators among the early adopters.

do you think they didnt speculate on becoming rich? do you think they would tell you when and how much they are selling?

[beetcoin]

if anything, i think bitcoin will be destroyed by fear mongers or unrealistic bulls. please fall somewhere in between those two extremes.

[uMMcQxCWELNzkt]

a load us would just buy from all the idiot panic sellers and reap the rewards.

Losing your temper and calling panic sellers idiots doesn't look like you believe to much on what you say.
Just saying 

Dictionary

a sudden overwhelming fear, with or without cause, that produces hysterical or irrational behavior, and that often spreads quickly through a group of persons or animals.

The term "panic sellers" refers to someone who irrationally sells without any rational reason, basically without using common sense so I would refer to them as idiots, or at least ignorant as I can understand newbies selling without considering all the factors. Also I am not losing my temper either way, I am having fun building a game with some beers, while wishing I had my FIAT to buy some cheap coins. 

[successquik]

This is what makes markets function.... buyers and sellers..... moving from weak hands to stronger hands with a higher cost basis.

It all really boils down to long term fundamentals. There are no P/E ratios to look at EBITA or book value. The PRIME factors of future price are:
(1) Adoption rate and reach, and;
(2) Government acceptance or tolerance

Everything else is background noise.

If more and more merchants accept bitcoin.. and if more and more people USE (not just hoard) bitcoin, it will trade at a higher price in the future.

Until then.... if you are a believer but don't have a position, keep accumulating and use the power of dollar cost averaging.

If you are not a believer but a big holder, sell on strength... Simple.

Just my opinion, I could be wrong. LOL

SQ

[psyclon]

so.... what I said may just have happened.

[Kluge]

so.... what I said may just have happened.

Outside of "destroyed" and "early adopters," yeah, I'd say you were.

[Ailure]

I find it more interesting to look statswise when possible early adopters spent their BTC (note that this is not a indication of BTC being turned into cash, you can see a spike where the silk road closure happened). While they manage to sell before it crashes/corrects/"insert your preferred term here", most of the value fluctuation seems to be caused by... short-term speculators trading virtually.

And from what I heard about early adopters, most of them sell their BTC in batches rather than their whole amount.

[leetlamer]

if anything, i think bitcoin will be destroyed by fear mongers or unrealistic bulls. please fall somewhere in between those two extremes.

If anything, Bitcoin has proven its resiliency through speculative bubbles and crashes. The real threat is if there is a vulnerability or flaw in the protocol or from government crackdown.

[An amorous cow-herder]

And from what I heard about early adopters, most of them sell their BTC in batches rather than their whole amount.

Obviously. Anyone with half a brain and lots of BTC would see "Hmm, if i sell x BTC i get y USD, but if i sell 10*x BTC i would get 2*y USD" ...

[Zangelbert Bingledack]

Yes, those who get scared they will lose their millions and dump 10000+ or more at the market, starting an avalanche. I'm convinced that pump and dump has been going on for a long time, the question is, when will they overdo it to kill it all.

1) Early adopters got scared long ago, several big bubbles ago. If they didn't sell big then, they'll sell even less now.

2) Dishoarding rates for early adopters are probably around 17% per doubling of the price. It's delusional to imagine there are all these people with middle-class fiat net worth and millions and millions in Bitcoin who never thought to sell it in pieces on the way up. You're about two years too late in worrying about this.

[deisik]

Actually i think that is fairly inevitable since bitcoin is far too overvalued currently.
A drop to more sane levels and trending steadily upwards afterwards via organic growth instead of speculation would be a lot healthier imho.

Overvalued in what way? It's only value is in what people are prepared to pay, Sounds like you just want to catch a cheap ride on the bitcoin train back up.

Though what you say may look logical, this logic is still rather questionable. Overvalued means a bubble here, very simple to grasp really. Bubble means there is no real demand for Bitcoin, just speculative one. We can take a real estate bubble as an evident example where people would buy houses to only sell further at higher price, not for the sake of living in. It may actually turn out that 90% of Bitcoin price is pure speculation...

[hilariousandco]

Actually i think that is fairly inevitable since bitcoin is far too overvalued currently.
A drop to more sane levels and trending steadily upwards afterwards via organic growth instead of speculation would be a lot healthier imho.

Overvalued in what way? It's only value is in what people are prepared to pay, Sounds like you just want to catch a cheap ride on the bitcoin train back up.

Though what you say may look logical, this logic is still rather questionable. Overvalued means a bubble here, very simple to grasp really. Bubble means there is no real demand for Bitcoin, just speculative one. We can take a real estate bubble as an evident example where people would buy houses to only sell further at higher price, not for the sake of living in. It may actually turn out that 90% of Bitcoin price is pure speculation...

Well, people are still buying things with it. In fact, in the longrun I think you could probably argue that it is undervalued. The more and more merchants start accepting it the more valuable it will become. All it'll take is one big company to start accepting it and boom. Gradual or quick mainstream acceptance will push the price up vastly. Let's see what the price of 1BTC is and what it can get you in a years time. Only time will tell on this one. I'm looking forward to the ride.

[deisik]

Well, people are still buying things with it. In fact, in the longrun I think you could probably argue that it is undervalued. The more and more merchants start accepting it the more valuable it will become. All it'll take is one big company to start accepting it and boom. Gradual or quick mainstream acceptance will push the price up vastly. Let's see what the price of 1BTC is and what it can get you in a years time. Only time will tell on this one. I'm looking forward to the ride.

No, it is not undervalued if the merchants don't accept it right now. Such mode of "reasoning" is called wishful thinking - "an attitude or belief that something you want to happen will happen though it may not happen or unlikely to happen at all". With such volatility I doubt strongly it will occur any time soon if ever ("one big company to start accepting it and boom")...

[niothor]

so.... what I said may just have happened.

Well , I didn't get destroyed and it wont.
It's the early adopters that have the least desire to destroy this coins. As for the dump and pump scheme , it can happen even without them.