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

[Sexie]

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

You are having a big point to that. Be contented of having enough profits . Do not expect more than what you get , so that you will have a peace of mind. Sometimes you are lucky enough , sometimes not. Just accept that the world is round. I have learned in this organisation that you really need  to have patience more. If you do not have this you are the loser , emotionally , mentally and spiritually.

[bdc2343]

I suppose a few people in crypto ARE forgetfull and greedy. It is not bad or good. It is just the way it is. Bitcoins is a new phenomenon and rather interesting one, and still those who get into this sphere dream to become rich quick.

Yes, people search and find, work and try ... all just want to have money, want to be rich. And you, me and everyone here too, this is just an example, that all aiming at it is profit and profit is all .

[Sumo]

Yes, earning with bitcoin is a very profitable business and everyone wanted to buy bitcoin as cheaply as possible, and the price continued to grow. Not everyone is so lucky. Many people buy bitcoin for a high price, and then it falls. You just have to accept it and wait for the price to rise again.

[btc-room101]

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 .

Great comment!

Often we see that here that people said because what went up in 2009, will go up in 2019, what people ignore is the law of large numbers,

For Bitcoin to return now it would have to go up 600%, it would have to bounce from a low of $68Billion CAP today, backup to $750 Billion USD, how can that happen? where would the money come from??

Back pre-2014 it was easy, the total cap of BTC was a few million, and like a person said here there was only one exchange, so it was easy to rig the prices, and bounce up & down as they wished, a few million cap was easy to manipulate, whales could move&in out as they wished, ...

Now the loss of BTC over $500 Billion USD is bigger than the GDP of most governments on earth, where in the hell is the new money to 'lift btc' out of the gutter supposed to come from? Nobody ever answers this question.

It's also clear that BITMAIN ( and its miners ) mined the majority of BTC, and the sold, they sure as hell didn't HOLD, its almost like the entire narrative of "HODL", is a chinese mind game played on western morons;

Yes apples & oranges, today's btc is not the 2009 btc where 50 btc bought a pizza, recently 50 btc was $1 million usd that kind of money brought every criminal on earth into the bitcoin playground.

I agree if you were lucky enough to be in the right place pre 2013 and get lots of almost free btc by mining, on cpu or gpu,... lucky you,

On the other hand, if your of the great majority that joined the show post 2016, then you got screwed by the pooch, if you convinced your friends and loved ones to buy btc with credit cards, or if your borrowed their money thinking your were going to get rich, and quit your job at dairy-queen, then now your life is screwed,

This stuff isn't new,

I don't blame the muppets here, I blame the 'greedy bastards' who came here post 2016 and pumped&dumped and engineered the 2017 bubble, and then cashed out, leaving the HODL'rs holding the worthless bag.

[WebTera]

Everyone gets as much profit from bitcoin as possible, but not everyone is ready for price fluctuations. And it is very important to accept if you decide to invest in bitcoin. Volatility is an integral part of cryptocurrency development.

[tiktak89]

Just many blindly invest in bitcoin, hoping to get a quick high profit. But not all carefully study its features and overlook price fluctuations. Because of this, then so many disappointed investors.

[saumang2m]

I am not greedy like traders. I have many ways to earn money. And I earn money from the crypto market. He heals for his future.

[jobukegoya]

Most peoples panic when bitcoin drop from highest price at $19k and go to $6000. Many FUDers said cryptocurrency market buble burst. Its true that bitcoin price history show that bitcoin still make profits compare 2017 August.

Bitcoin has become the main attraction because prices have soared in 2017, and all bitcoin owners always hope that prices can be that high again. It turned out that after that prices continued to fall, and many bitcoin owners panicked. In my opinion, almost all bitcoin owners take the HODL position while waiting for prices to rise again.

[Nnedaddy1]

When I newly joined Cryptocurrency space, I used to be greedy and that taught me some unpleasant lessons I would never forget in a hurry.
I lost so much of my capital because I was greedy and wanted a coin to hit a certain price before selling.

[Zadeket]

I suppose a few people in crypto ARE forgetfull and greedy. It is not bad or good. It is just the way it is. Bitcoins is a new phenomenon and rather interesting one, and still those who get into this sphere dream to become rich quick.

People who enter the world of bitcoin are wealth hunters that can happen quickly, because statistically the bitcoin charts starting from being created ten years ago always increase. When the price of bitcoin goes down as it is today, many bitcoin owners take a stand for holding bitcoin for a long time, or sell it and experience losses.

[jpnl0008]

Until people drop their greed selfishness in cryptocurrency they will not actualize the real reason why they are here then it would be all about the money yes we make money but the tech should be more of concern. There should be an orientation

[ardhigalau]

Greedy people will always lack, whatever he has he feels lacking. But one thing is certain, greedy people will do anything to get what they want. Hopefully the bitcoin holder is not greedy people.

[gabmen]

I suppose a few people in crypto ARE forgetfull and greedy. It is not bad or good. It is just the way it is. Bitcoins is a new phenomenon and rather interesting one, and still those who get into this sphere dream to become rich quick.

Yes, people search and find, work and try ... all just want to have money, want to be rich. And you, me and everyone here too, this is just an example, that all aiming at it is profit and profit is all .

Well at times its a trap for new blood. We all know it doesn't work that way in crypto. Having that kind of midset setd you up for losses and disappointment. Much like for anything associated with greed.

[qtronix]

You're right. It is worth thinking about what the situation was before, when very few people knew about bitcoin and blockchain technology. Then someone could believe in bitcoin and was not afraid and we can see what it led to. Today, everyone is talking about blockchain and bitcoin and someone else manages to complain. Relax, this is not the last fall that awaits us.

[bitbunnny]

Well, the truth is that people have very short memory. Also they tend to forget bad and remember the good, that is human nature.
The same worths when Bitcoin is involved. Many obviously have forgotten about the times when Bitcoin was worth very little, it was almost not accepted at all and people who used it were called criminals.
I think these days there are too many Bitcoin users who are intetested only in profit, they are expecting too much and think Bitcoin will make them rich.
I think we all have to go a little bit back and remember what was the reason in first place we begun to use Bitcoins.

[Ultimist]

Yes, many came here after the huge growth of bitcoin and buy it at the peak to earn more money. But no one took into account the fact of market volatility and all possible risks. Now such people continue to complain about the market, although they are to blame for this. Now is the best opportunity to study the market, technology. This will help you understand everything and make the right investment. You will always have time to get rich.

[prasad87]

Many new people put savings in bitcoin at 18k. Not forgetful, just very greedy.
I think they have to sell to smart money for next bull!

[jcarlo]

Maybe people who spreading FUDs about bitcoin is people who miss the opportunity making profits last year and right now they want to buying bitcoin at cheiaper price. I am believe many people still believe bitcoin is good long term investment and many people still hold it

[yanesna3]

Greedy people will always lack, whatever he has he feels lacking. But one thing is certain, greedy people will do anything to get what they want. Hopefully the bitcoin holder is not greedy people.

Here I would argue with many guys on this forum. Greedy people become winners very often. Yes, greed is a very bad trait of character, but we need to be more realistic even in this question.

[Cryptrx]

Well, that's human beings are wired. We most of the time forget the good times or how long it took us there and only focus on the present instead of still keeping the same energy we had sometime ago.