Is it just me, or are most of us actually just forgetful, greedy bastards?

[noobrik]

I know this comes of as harsh and self loathing at the very least, but I'm gonna say it. I'm greedy, I'm forgetful and I'm probably a schmuck. Now I need you to say it with me. When I mean "you" I mean any earthling born of a woman (traditional, surrogate, or one of these innovative sci-fi ways people bear children these days) who has complained or been complaining about the current price of BITCOIN and the entire crypto market in general.

I'm going to say this in as few words as possible, HAVE YOU FORGOTTEN BITCOIN'S PRICE IN 2009 THROUGH 2013, UP TO EVEN AS RECENT AS 2016? Also have you all forgotten the market cap, the lack of news worthiness of the blockchain in those days as compared to today? I'm not gonna do your homework for you all, google can provide good starting points to get those data.

My point is instead of us being greedy schmucks chasing and reading charts all day (except that's your day job then, well, I'm sorry you're not a schmuck), obsessing over price drops that quite frankly are orders of magnitude bigger than what it was years just a few years back. If you couldn't get in then to buy cheap, then don't blame the market for buying BTC at $20000. Be honest to yourself, whose fault is that?

Stop all the FUDding and especially the FOMOing, relax and accept the undeniable fact that the blockchain is an amazing tech a lot of us are privileged to have seen in their lifetime, and know that value always trumps doubt any day any time. Chill and invest in value, transparency, and an actual blockchain, then forget the noise and be glad to be alive. Its a good day to be alive!


[EDIT: August 16, 2018] English is quite funny so some words can be used quite fluidly. The "bastard" term is used as in "You lucky bastard", just in a more negative way

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[franky1]

those looking at charts/price daily should stop seeing the information as a price.
instead if your involved in the price daily and wanting to make daily decisions/trades then see it as percentages

have some fiat and some coin
dont use it all in on go

when the price moves down by a few percent. put an order to buy some. and also then to sell som at a price a few percentage higher.

when the price moves up by a few percent. put an order to sell some. and also then to buy some at a price a few percentagee lower.

play for small percentages and repeat repeat.

again dont play your whole hoard. just look to small amounts often. small percentage amounts that you know rpeatdly move in a short time.
after a while you stop seing the price and only see it as a +/- percent vs last order
where both a +% is an oppertunity to sell for profit and a -% is a oppertunity to buy at discount for profit.

..
for those not intersted in day trading. but still get motional about the price. here is some simple advice
you have just admitted to yourself that you wont trade daily by reading this point.. so stop looking at the price daily, after all its not
like you going to do anything by your own admission

[close up]

A normal people who don't know bitcoin and traded bitcoin since know when bitcoin hit 19407$ in December 2017, it become the greedy bastard.

[pooya87]

google can provide good starting points to get those data.

when you are googling price, you should also know that what you see is just "data" not "information" and unless you process it properly it can not become information.
what happened to the price back in 2013 and afterwards is nothing like what happened to bitcoin in 2017 and afterwards. back then it was basically 1 exchange manipulating the price and pumping it, now there are at least 10 exchanges and the manipulation was negligible compared to back then.
the drop was the same too, the drop was because of bubble correction and panic sells also because of Mt Gox scam and 10 other things but today it is only correction and panic sell.

eventually we will also get out of this slump and those newcomers panicking now will either leave or become experts of tomorrow seeing past the price and its ups and downs.

[Levin23]

Not forgetful, but currently there are so many who already know cryptocurrency. You certainly know that if you are new to cryptocurrency you will definitely panic if the coin price is decreasing. especially for lay people who haven't known cryptocurrency for a long time.

[jseverson]

I wouldn't say people are forgetful. They just have recency bias:

https://bucks.blogs.nytimes.com/2012/02/13/tomorrows-market-probably-wont-look-anything-like-today/

It's fairly normal to fall for it, and the phenomenon isn't unique to crypto because it's been observed in the stock market since forever. People in crypto just tend to go crazier because the crypto market is a whole lot crazier. I can't really fault them for it, but I do like pointing it out.

[nicster551]

I know this comes of as harsh and self loathing at the very least, but I'm gonna say it. I'm greedy, I'm forgetful and I'm probably a schmuck. Now I need you to say it with me. When I mean "you" I mean any earthling born of a woman (traditional, surrogate, or one of these innovative sci-fi ways people bear children these days) who has complained or been complaining about the current price of BITCOIN and the entire crypto market in general.

I'm going to say this in as few words as possible, HAVE YOU FORGOTTEN BITCOIN'S PRICE IN 2009 THROUGH 2013, UP TO EVEN AS RECENT AS 2016? Also have you all forgotten the market cap, the lack of news worthiness of the blockchain in those days as compared to today? I'm not gonna do your homework for you all, google can provide good starting points to get those data.

My point is instead of us being greedy schmucks chasing and reading charts all day (except that's your day job then, well, I'm sorry you're not a schmuck), obsessing over price drops that quite frankly are orders of magnitude bigger than what it was years just a few years back. If you couldn't get in then to buy cheap, then don't blame the market for buying BTC at $20000. Be honest to yourself, whose fault is that?

Stop all the FUDding and especially the FOMOing, relax and accept the undeniable fact that the blockchain is an amazing tech a lot of us are privileged to have seen in their lifetime, and know that value always trumps doubt any day any time. Chill and invest in value, transparency, and an actual blockchain, then forget the noise and be glad to be alive. Its a good day to be alive!

Of course, people tend to be that way no matter what. Is is human nature so we may have to control that for ourselves. But somehow I already have fix my problem with that.

[virendarnagpal]

Whenever some one enters some economic market; his intention is to earn some profit.  But if  it  is done with prudence; experience; intelligence then the person will mostly be taking good decisions in his favour. 

But if someone enters here just because people have earned a lot or price has risen and some one gained because of  it; he will be behaving like sheep.  And falling in some difficulty is definite for him.

I can not use the word bastard for anybody.  But still the act of second entrants type is foolish.  First type of entrants are though intelligent but may suffer loss because of excessive greed.

[xindoa]

most people in crypto right now are forgetfull and greedy. we are all talking about the tech but most of us just want to be rich quick. we need real world use cases for crypto to be succesfull. but it will take time. we are at the beginning of the tech and it will take time for global adoption. but also a lot of people bought in an ATH so i feel for them

[bungutko]

In my own understanding, these people who were always complaining about the dip of btc were those who lack the foundation and knowledge about the btc market. I would suggest to these people to make their own research and understand the price history of bitcoin from the start and up to the present situation and once they had do that, probably they will no longer complain anymore as they already understand the history of btc in the crypto market.

[hatshepsut93]

Look at the accounts of people who are worried about the price on this forum or any other platform - most of them are not older than 6-12 months, so how can they forget something that they haven't experienced? Psychologically, looking at the historical charts is very different from experiencing those market movements. Many people become hodlers because they get accustomed to volatility and no longer care about crashes. But most newcomers don't even have any experience in investing, so going through their first bear market is very hard for them.

[masterflexy01]

no, not at all . ignorance is one of the factor that isn't making people realise how the market works. there are several periods which you can invest and same as cashing out. before venturing into something like this i'd suggest we get all our informations ready and plan our minds. then we realise the reality 

[r32godzilla]

Such type of attitude could be expected only from the early investors of bitcoin who just got excited by the blockchain technology and enjoyed investing in it.But nowadays,we could only see greedy newbies having a big thirst of becoming rich overnight and considering bitcoin only as a high ROI giving asset.

[dothebeats]

Most of us are, sadly, ever since bitcoin gained traction and gained momentum toawrds $19k. Almost everybody wants to get rich quickly without having the need to work for it, and so they found bitcoin thinking that the said goal would be achieved easily by buying into it. Many people are looking at cryptos as a means to get rich without actually realizing its economic importance towards the financially-oppressed demographic of the world. Many un-banked people have the chance to finally get themselves involved in a growing web of e-commerce without having the need to go to their bank and place a minimum deposit.

In our hopes of getting it big through bitcoin, we actually lost interest on what it could possibly do in terms of being your own bank and keeping your assets away from the oppressive capitalists.

[mansilkroad]

People should just chill out and wait patiently.  Greediness almost never brings any success.

[KS03]

This is a great post.  Its amazing watching and listening to everyone run around here freaking out when we have been through this so many times.  Its completely unbelievable.  I say the upswing will start late this year or early 2019. 

[audaciousbeing]

I know this comes of as harsh and self loathing at the very least, but I'm gonna say it. I'm greedy, I'm forgetful and I'm probably a schmuck. Now I need you to say it with me. When I mean "you" I mean any earthling born of a woman (traditional, surrogate, or one of these innovative sci-fi ways people bear children these days) who has complained or been complaining about the current price of BITCOIN and the entire crypto market in general.

Everything you have called yourself and everyone in the same shoe is just the right thing which needs to be sounded loud, clear and harsh if need be and I am equally tired of seeing several threads talking about price speculation and lamenting about what will happen to price. There was one about how those who invested in crypto currency are currently depressed, another would be asking whether what happen in 2017 can be repeated in 2018 among several ridiculous questions.

I'm going to say this in as few words as possible, HAVE YOU FORGOTTEN BITCOIN'S PRICE IN 2009 THROUGH 2013, UP TO EVEN AS RECENT AS 2016? Also have you all forgotten the market cap, the lack of news worthiness of the blockchain in those days as compared to today? I'm not gonna do your homework for you all, google can provide good starting points to get those data.

On the average, bitcoin price has done significantly well in terms of ROI from an all time period. Even now a visit to blockchain.com with the detailed analysis showed return over 2000+% increase but because we got used to the increment that happen last year, people expect that is how its going to continue seeing threads about how its going to be $30000 in March others were even predicting $100,000 before the end of 2018.

My point is instead of us being greedy schmucks chasing and reading charts all day (except that's your day job then, well, I'm sorry you're not a schmuck), obsessing over price drops that quite frankly are orders of magnitude bigger than what it was years just a few years back. If you couldn't get in then to buy cheap, then don't blame the market for buying BTC at $20000. Be honest to yourself, whose fault is that?

The only set of people that takes the blame for every happenings in the crypto world especially bitcoin price, whether directly or indirectly are the 'whales' beliving to be the wheel behind every action forgetting the all of the mass of people involved in bitcoin all over the world looking for who exactly is the whale? People are even allowed to spend all day on charts reading it. The important thing is not to wyne about it. If you see an opportunity to turn out returns no matter how small, take it. If you see something that will make you depressed then that is your problem don't come to the forum to contaminate the mind of people seeing opportunities in every situation.

Stop all the FUDding and especially the FOMOing, relax and accept the undeniable fact that the blockchain is an amazing tech a lot of us are privileged to have seen in their lifetime, and know that value always trumps doubt any day any time. Chill and invest in value, transparency, and an actual blockchain, then forget the noise and be glad to be alive. Its a good day to be alive!

And that is the overall good news everyone needs to take as consolation that in situations where you want to get emotional about situation of things as your investment not going the way its being planned, chill, you are not the only one and what you are holding has been proven times without number to stand the test of time.

[tomahawk9]

relax and accept the undeniable fact that the blockchain is an amazing tech a lot of us are privileged to have seen in their lifetime

Yeah yeah, all that sounds pretty but, let's be honest, people no longer care about the tech behind X or Y project, it's all about which project/token/coin will x5 or x10 soon. it's unfortunate, but that's the dynamic of the market. I believe one of the reasons why the altcoin buble popped recently was because a lot of people finally realized that they were pouring money on shitcoins for the sole promise of a quick buck and big ROI.

Let's see if this dynamic changes after this bear market, though I don't expect much.

[mikyadel]

comparing bitcoin price back in 2009 and now is very unconvincing . it's like apple and oranges ! people who invested back then are already millionaires now and don't complain , the problem is the majority of people who have just heard about cryptocurrency in 2017 and a lot of them invested in high prices and since then they are seeing only bearish trend ! i know some people who are dept now because of that trend  so don't generalize your talk .

[Jackolantern]

I think that you can't say such things about everyone because really i m not greedy  like many traders. As for me, I have many ways to earn money and this one for me is just a hobby and a way to have some additional income