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Author Topic: Let's be honest bitcoin dies if the investors greed is not fulfilled  (Read 189 times)
KingScorpio
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May 24, 2018, 06:00:37 AM
 #1

many investors only invested into bitcoin because they hope for huge value increases, but since bitcoin is now stagnating and even losing in value,

due to the hart competition in the industry,

many will drop bitcoin and cointinue to drop it, because the ponzi scheme high returns at the beginning of bitcoins cannot be delivered anymore.

regards

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May 24, 2018, 06:05:42 AM
 #2

Bitcoin won`t die,if the greedy investors leave.It will continue to exist,but with a way lower price and lower price volatility.I think that bitcoin has a better chance to evolve and succeed,without all those investors.
What do you mean by "hard competition in the industry"?Do you mean competition in BTC mining?

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May 24, 2018, 06:12:09 AM
 #3

Bitcoin won`t die,if the greedy investors leave.It will continue to exist,but with a way lower price and lower price volatility.I think that bitcoin has a better chance to evolve and succeed,without all those investors.
What do you mean by "hard competition in the industry"?Do you mean competition in BTC mining?

when the greedy investors leave, that drive and power bitcoins spectacular value, bitcoin users become just a small sect, similar like star wars fan freaks, they wont be even honest, goodwilling and reasonable investors, they will simply be some kind of fanatics, that glorify bitcoin.

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May 24, 2018, 06:47:46 AM
 #4

Uhhhh what?

You clearly haven't experienced the multitude of bad luck and dead cat bounces during 2014-2015. Most people during that time lost faith on bitcoin and called it a dead coin, while the remaining ones believed that it still has a chance. Most successful investors in bitcoin accumulated while everyone is yapping and scare-mongering. They remained to do so until bitcoin showed signs of life starting Q3 2016. The trolls kept on thinking that it's nothing but a mere dead-cat bounce, until it gained traction and the die-hard pessimists suddenly turned into bulls. With the amount of infrastructures created around bitcoin and money invested on it, do you really think that they'd let their money-making machine die? No, not a chance.

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May 24, 2018, 07:15:13 AM
 #5

I do agree its not about investors the huge manipulation is done by whales they are making strategy whether pump or dump the bitcoin . Lots of people entering crypto space to become millionaire in over night . Recent trend shows people who entered crypto currency in 2018 got huge losses .
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May 24, 2018, 07:23:14 AM
 #6

So you think when no one is speculating on bitcoin, it's going to die?
I don't subscribe to the view,becaust bitcoin has intrinsic value and should be used for cross-border payments.

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May 24, 2018, 07:26:34 AM
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NO, if that happens we will get rid of scammers and greedy fools who have no Idea that Bitcoin is actually a currency - people will stop hodling and use Bitcoin more as a currency.

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May 24, 2018, 07:26:45 AM
 #8

many investors only invested into bitcoin because they hope for huge value increases, but since bitcoin is now stagnating and even losing in value,

due to the hart competition in the industry,

many will drop bitcoin and cointinue to drop it, because the ponzi scheme high returns at the beginning of bitcoins cannot be delivered anymore.

regards
I dont think that greed is the main key ingridient for bitcoins resistance to the fall and dominance in the market. Yes there are many greedy investors but I think there are alot of investors who are just there to be able to produce income for a betted living for their love ones and family.
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May 24, 2018, 07:28:09 AM
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Really its possible  bitcoin dies if the investors greed is not fulfilled because investors are the one who gives life that bitcoin always rise.
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May 24, 2018, 07:34:38 AM
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Every time the market falls, I see similar reports that the market has died and the end of everything  Grin
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May 24, 2018, 07:38:07 AM
 #11

Bitcoin can never die,  not at this stage. What's happened now is a market reversal. Am telling you things will be stable and more investors will come in.  A greedy person is not even needed in investment.  If you are a greedy time, you are not suppose to even near cryptocurrencies investment. A great investors are those that are patience.
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May 24, 2018, 07:45:35 AM
 #12

So you think when no one is speculating on bitcoin, it's going to die?
I don't subscribe to the view,becaust bitcoin has intrinsic value and should be used for cross-border payments.

of course the problem is "opportunism"

when bitcoin stops generating a hype and a potential run which it is increasingly doing,

bitcoin becomes nothing but a risky asset,

which will make many want to leave it, the hype then will continue to fall.

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May 24, 2018, 07:50:50 AM
 #13

many investors only invested into bitcoin because they hope for huge value increases, but since bitcoin is now stagnating and even losing in value,

due to the hart competition in the industry,

many will drop bitcoin and cointinue to drop it, because the ponzi scheme high returns at the beginning of bitcoins cannot be delivered anymore.

regards

Of course you will have greedy people, you have them everywhere. Let their hopes to die out. Because honestly it is better to have slower growth than fast one because then we enter bear market because of course price has to correct itself. I think that many people though bitcoin "died out" during 2013 and as we can see it slowly build its place up. I honestly do not think bitcoin will die out that easily as there are people who are mining, run nodes and the ones who are willing to transact no matter the price.

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May 24, 2018, 07:54:18 AM
 #14

So you think when no one is speculating on bitcoin, it's going to die?
I don't subscribe to the view,becaust bitcoin has intrinsic value and should be used for cross-border payments.

of course the problem is "opportunism"

when bitcoin stops generating a hype and a potential run which it is increasingly doing,

bitcoin becomes nothing but a risky asset,

which will make many want to leave it, the hype then will continue to fall.

Bitcion will not die because there's is an investor who's did not greedy contented of  fair profits and they're looking for many bounty  dependers.
TheGodFather
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May 24, 2018, 08:23:44 AM
 #15

many investors only invested into bitcoin because they hope for huge value increases, but since bitcoin is now stagnating and even losing in value,

due to the hart competition in the industry,

many will drop bitcoin and cointinue to drop it, because the ponzi scheme high returns at the beginning of bitcoins cannot be delivered anymore.

regards

I actually think of it in the other way, I think that bitcoin can continue to grow as long as there is a demand and that there is a need for it to be there. With bitcoin in place I do believe that some of the greed of the people are not thoroughly satisfied especially if they can see that values of bitcoin can go up even if it has a history of breaking down and volatility. Bitcoin is a very risky game and the more it entices the more it can garner value

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May 24, 2018, 08:38:28 AM
 #16

many investors only invested into bitcoin because they hope for huge value increases, but since bitcoin is now stagnating and even losing in value,

due to the hart competition in the industry,

many will drop bitcoin and cointinue to drop it, because the ponzi scheme high returns at the beginning of bitcoins cannot be delivered anymore.

regards

Yes many investor are invest their high percentage of capital in bitcoin and honestly because we hope for the price increases.
But if many people would try to drop their bitcoin, i think it will not  die, because for me it will still exists but in a lower price.

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May 24, 2018, 08:41:17 AM
 #17

bitcoin shot to fame due to its ideolisms of 2009-2013. but slowly the utility, benefits, purposes of bitcoin that made up those ideolisms has eroded away. it has changed from a ideolistic asset to a risky gamble

think about all the ideologies bitcoin had before 2013
barrierless:-
people could earn bitcoin without a bank account and without ID. via:
   selling goods for bitcoin*(fee war stopped it being used to buy novalty goods/daily life stuff like toilet roll and baked beans)
   runnng a node using their own GPU (ASICS stopped it being earned by normal people)
   going to a store and paying cash and getting it swapped for btc without ID(exchange AMLKYC stoped it)

virtually free/low fee:-
people could get small amounts without worrying about the tx fee
   it used to be better than some developed countries banking system (UK now offers FREE wire transfers same day usually in under 10 minutes)
   there used to be a fee priority formulae and idea's to improve it(core instead removed the fee formulae and left it open to a fee war)
   the fee used to be fractions of a penny (now tx fee is above some developing countries minimum wage)

decentralised:-
people used to have their own nodes that they could make themselves and be allowed to run on the network and make their own proposals for new features and use consensus to decide if the community wanted it
   (now its core controlling the proposals and any node that has a proposal that core have not roadmapped get bilaterally split/REKT to avoid a consensus)
   (its now classed as distributed ledger technology. not decentralised blockchain. even the main paid devs of core have started to admit they prefer DLT buzzword)

a currency cannot be a sustainable store of value(asset) purely for the buzz of store of value. there has to be a reason behind the store of value.
yes fiat is not gold backed. but it is minimum wage and tax backed. EG in america a $10 is about 1 hour 20 minutes of minimum wage, and people see that value of it as that once they are truly asked the dep question about how they value a $10 bank note. in short someone having $10 see's it valued at 1 hour 20 minutes sweat equity

if bitcoin has backed value, its not going to be a store of value. and just becomes a speculative gamble.
i have recently only valued bitcoin based on its mining cost "sewat equity"
same with gold. gold would only be $1 if it only cost $1 to mine an ounce. but because gold costs $1k+ to mine an ounce. and gold has ideolism of curuit boards, jewellery utility. gold has more of a stable, les risky and more sustainable asset AND commodity classification.
bitcoin doesnt have commodity classification and its asset values are eroding. all thats left is its "sweat equity" and greed

with all that said. tulips today still exist. but not at the same prices as a few centuries ago

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May 24, 2018, 08:53:08 AM
 #18

Many people also allege that bitcoin toying with investors, so many investors are losing money. I do not think the word is worth saying, because it is clear that bitcoin investment is different from ordinary investment, bitcoin investment is not just waiting, but we need a strategy about when to "buy" and when to "sell".
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May 24, 2018, 09:07:33 AM
 #19

In agreement with your argument, investors are willing to invest in Bitcoin, which is mainly the growth value of Bitcoin. Now that Bitcoin is volatile, some people will give up Bitcoin because they have not made a profit.
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May 24, 2018, 09:12:53 AM
 #20

bitcoin shot to fame due to its ideolisms of 2009-2013. but slowly the utility, benefits, purposes of bitcoin that made up those ideolisms has eroded away. it has changed from a ideolistic asset to a risky gamble

think about all the ideologies bitcoin had before 2013
barrierless:-
people could earn bitcoin without a bank account and without ID. via:
   selling goods for bitcoin*(fee war stopped it being used to buy novalty goods/daily life stuff like toilet roll and baked beans)
   runnng a node using their own GPU (ASICS stopped it being earned by normal people)
   going to a store and paying cash and getting it swapped for btc without ID(exchange AMLKYC stoped it)

virtually free/low fee:-
people could get small amounts without worrying about the tx fee
   it used to be better than some developed countries banking system (UK now offers FREE wire transfers same day usually in under 10 minutes)
   there used to be a fee priority formulae and idea's to improve it(core instead removed the fee formulae and left it open to a fee war)
   the fee used to be fractions of a penny (now tx fee is above some developing countries minimum wage)

decentralised:-
people used to have their own nodes that they could make themselves and be allowed to run on the network and make their own proposals for new features and use consensus to decide if the community wanted it
   (now its core controlling the proposals and any node that has a proposal that core have not roadmapped get bilaterally split/REKT to avoid a consensus)
   (its now classed as distributed ledger technology. not decentralised blockchain. even the main paid devs of core have started to admit they prefer DLT buzzword)

a currency cannot be a sustainable store of value(asset) purely for the buzz of store of value. there has to be a reason behind the store of value.
yes fiat is not gold backed. but it is minimum wage and tax backed. EG in america a $10 is about 1 hour 20 minutes of minimum wage, and people see that value of it as that once they are truly asked the dep question about how they value a $10 bank note. in short someone having $10 see's it valued at 1 hour 20 minutes sweat equity

if bitcoin has backed value, its not going to be a store of value. and just becomes a speculative gamble.
i have recently only valued bitcoin based on its mining cost "sewat equity"
same with gold. gold would only be $1 if it only cost $1 to mine an ounce. but because gold costs $1k+ to mine an ounce. and gold has ideolism of curuit boards, jewellery utility. gold has more of a stable, les risky and more sustainable asset AND commodity classification.
bitcoin doesnt have commodity classification and its asset values are eroding. all thats left is its "sweat equity" and greed

with all that said. tulips today still exist. but not at the same prices as a few centuries ago

Hey man, you see like you have good knowledge and by being one of the old members of this forum I guess you are right with your thoughts and have decent knowledge about the space by being so long in it. Since you are negative towards BTC, do you see any alternative out there that is better than bitcoin and why would you tell that. I mean there are many altocins that provides very low fee or yet some have no fees so problem is not there, mostly others are decentralzied but I am not sure which should feel your ideologies. What are your thoughts on for instance : etherem? I see them being centralized by dev team but other aspects look promissing. Are there any other alt you feel could be a good fit to replace bitcoin someday in the future?
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