Bitcoin great idea bad execution

[bitbunnny]

I don't agree that Bitcoin is badly executed, that is not true. Besides, you can't say that just because the price is dumping and you have suffered some losses because, let's face the truth, many users start with criticism toward Bitcoin exactly in such unfavourable times.
Of course that Bitcoin has certain issues and problems like every other technology, it's not perfect and there is a room for further progress but it's actually great exectued having in mind all the obstacles it has on the way.

[Marbelli]

all problems will be solved very soon and I think that we will see a new wave of price increases soon

[kissme09]

I was very supporting the idea of a  currency not being printed by government and peer to peer transaction
so I fall in love with bitcoin
but later discovered is not as it sounds
 here is the reasons
1- Whales control big percentage of the 21 M Bitcoin 
2-they can manipulate the price
3- they did created new coin each time they disagree LTC BCH BITCOIN GOLD ...etc
4- if you have a bitcoin you will not used as a money you will always want to keep either to sell it higher price or waiting till it reach you buying price to recover your loss

I wish I cloud have reached to this conclusion earlier
 
 [/size

This is still happening in other economic sectors. You can see a big company always trying to control other companies the way they want to find the best profit. In Crypto, if you're a low-capital investor, take advantage of the whales by going back and forth to make money.

[cahbagus555]

Bitcoin not only a currency, its a store of value too. As store of value, bitcoin can be a digital gold. Its true that right now whales hold the biggest percentages of coin, its because they use large amount of money.

[millgates]

I was very supporting the idea of a  currency not being printed by government and peer to peer transaction
so I fall in love with bitcoin
but later discovered is not as it sounds
 here is the reasons
1- Whales control big percentage of the 21 M Bitcoin 
2-they can manipulate the price
3- they did created new coin each time they disagree LTC BCH BITCOIN GOLD ...etc
4- if you have a bitcoin you will not used as a money you will always want to keep either to sell it higher price or waiting till it reach you buying price to recover your loss

I wish I cloud have reached to this conclusion earlier
 
 [/size

Be patient mate, those whale will not hold big amount of bitcoin forever, they will sell it. Now they sell it and make bitcoin price fall , actually this is our chance to buy bitcoin at low price, I don't say to buy bitcoin now, I personally will wait until Bitcoin price reach $1500 then I will buy it again when I can see there is a signal of bitcoin price pump. If theoretically bitcoin is a good idea then the execution will be good too, just need to wait. Now we are playing with big whale.

[antoarwadi]

I was very supporting the idea of a  currency not being printed by government and peer to peer transaction
so I fall in love with bitcoin
but later discovered is not as it sounds
 here is the reasons
1- Whales control big percentage of the 21 M Bitcoin 
2-they can manipulate the price
3- they did created new coin each time they disagree LTC BCH BITCOIN GOLD ...etc
4- if you have a bitcoin you will not used as a money you will always want to keep either to sell it higher price or waiting till it reach you buying price to recover your loss

I wish I cloud have reached to this conclusion earlier
 
 [/size

Bitcoin must be the currency used in everyday life, so that adoption of Bitcoin continues to increase, but as you say, most people don't want to spend Bitcoin and tend to save it as an asset.
Bitcoin forks are the developer's idea, and it's offered and promoted, so nobody forces you to buy a Bitcoin fork.

[aoluain]

I was very supporting the idea of a  currency not being printed by government and peer to peer transaction
so I fall in love with bitcoin
but later discovered is not as it sounds
 here is the reasons
1- Whales control big percentage of the 21 M Bitcoin 
2-they can manipulate the price
3- they did created new coin each time they disagree LTC BCH BITCOIN GOLD ...etc
4- if you have a bitcoin you will not used as a money you will always want to keep either to sell it higher price or waiting till it reach you buying price to recover your loss

I wish I cloud have reached to this conclusion earlier
 
 [/size

This is still happening in other economic sectors. You can see a big company always trying to control other companies the way they want to find the best profit. In Crypto, if you're a low-capital investor, take advantage of the whales by going back and forth to make money.

The OP'S post is about value but it doesnt matter really. The ideal way
to look at bitcoin is in bitcoin not FIAT so when the markets fall down
you really havent lost anything. 1 bitcoin last month is still 1 bitcoin today
unless you spend it or a portion of it.

[bdc2343]

all problems will be solved very soon and I think that we will see a new wave of price increases soon

The volatility of the moment is like a trick, or it can be a challenge that investors create themselves. Keep calm and do not be afraid that BTC will die, or BTC has bad idea or anything ... just a fake. BTC's prices will return quickly in the near future and do not worry about anything .

[Tondya]

BTC has paved the way to blockchain for the people. Many wanted to understand what it was. The popularization of cryptocurrency has reached a completely different level. Now we see a market crash. But this is a reason to think and make a new blockchain. There is no progress without problems.

[Valer4ik]

for a tuzemun Sure consolidation above 12 is more than enough for the investment to flow like a stream, but this is a powerful, very powerful resistance. But from 12 to 20 and above is within easy reach, there were no particularly large trade deals, as these levels quickly passed through.

In principle, even if we consolidate above 8.5, it is also a completely convincing reason for investing in a bit, but there is also resistance))) buy it off)

[Sandus_Cryptolover]

Whales can not create forks of bitcoin, only members of the Bitcoin core team can split the currency.
As for altcoins, there is currently no regulations and just about anytime next can create their own coin, or more commonly a token built on another platform

Creation of new coin or controlling how it's been created isn't what Bitcoin was meant for. That's solely based on the blockchain technology, which pave way for new projects to be launched on it through smart contracts of the Ethereum Blockchain (at least most projects).

[jhache]

Sometimes I find it a little funny when trying to blame the whales that try to manipulate the market, when in fact the common users are the ones that have the power, but of course if they fall into any FUD or FOMO that is presented in the market, they fall directly into the influences of the whales and lose while playing their own game.

[bellamente]

The whole problem lies in the games of rich people who manipulate the market.

I think bitcoin has a great future when I can pay for gas with bitcoin.

[zolfa]

and for making BTC more dominating than other currencies, we need a long process. even very difficult to adapt to the public, because some people do not support.

only developed countries can adapt to BTC, such as Japan, USA, South Korea.

[sieemma]

For once, try and understand this that there is no mistake with bitcoin execution. People are just creating the problems we see. I think what we see with bitcoin was intentional, just to make bitcoin very scarce. The higher fees,  and the block size that people claim to be too bad are all not a problem.  Satoshi knew all these will happen so why don't we just use it as it is and stop the many forks?

Forks are just a new way to destroy bitcoin and anytime there is a fork,  it negatively affects bitcoin

[BitHodler]

Whales are everywhere in every market. Maybe we'd do the same if we were a whale ourselves.

If people talk about whales, they instantly think of manipulation. People don't understand that whales mostly aren't actually looking to manipulate the market by causing big movements in the price.

If you have way more funds on both sides of the order book, and that in a market lacking depth, which applies to crypto, a simple buy or sell order will likely cause a 5-10% movement.

People need to let go of their whales are manipulators way of thinking. If people are able to catch a pump, whales are the best entities in the world, but when they are on the wrong side, whales suddenly are called manipulators.

[Matthewmorris4]

Whales can not create forks of bitcoin, only members of the Bitcoin core team can split the currency.
As for altcoins, there is currently no regulations and just about anytime next can create their own coin, or more commonly a token built on another platform

even if it is true, it will be easily manipulated on their part. This is proven how about the split problems from BCH that occur and of course this has an impact on market prices. 80% of altcoins right now is more like a projects for hit & run. Investor right now is trying to recover their assets

[khaled0111]

If you are a real supporter of the idea of Bitcoin and decentralization, then you should not care about the price.
I believe Bitcoin is still in the first stages and being manipulated by whales is normal (with more people using Bitcoin, whales will not be able to manipulate the market anymore).

[aeternus]

OP your first 4 points could apply to any currency around the world, those that are powerful will learn how to manipulate the market to become even more powerful, that is just the way it is or do you think there are no whales in fiat? Of course they exist and they can manipulate the system in easier ways than what the bitcoin whales can do in this market.

[amishmanish]

The extended points added by OP, although already discussed to death here at the forum, merit some discussion.

He is mostly concerned about how to Get Bitcoin. First thing you have to do is to free yourself from the bias against early adopters. You cannot expect to mine a few hundred BTC like it's still 2011. Assess the present situation and you have folllowing options:

1.Mining:
For anybody interested in getting Bitcoin, getting into mining might be a good time now with hash rates falling a bit. BTC mining per se is difficult business. Though you can look at mining ETH or some Alts using GPUs. It isn't as big an investment and it is also a safer option because of the resell value on GPUs.
Remember that if you really want crypto to survive and believe in it, the present electricity costs will be your investment which you can easily recover when we get into the bull phase.

2.Research::
There are a plethora of startups trying to use blockchain in every aspect from databases, finance, gaming to cloud computing. The space is filled with shit ICOs and bounties so a good research is your only way to separate wheat from chaff. If you are an individual with an alternate income source, you can easily devote sometime to research and all. If you are looking to earn peanuts and pocket change through incessant facebook shares and meaningless tweets, then it is no use discussing these nuances in the first place.

For a normal individual who isn't a blockchain programmer, these two are the only options i can see where you will not have the risk to burn your hands and will actually learn something, as well as contribute to the whole space.
Good Luck!