Bulls are Retarded

[jjjfff]

Generalizations are stupid.

It'd be hard to argue that whoever bought BTC for pennies in 2010 made a bad deal with it at U$ 3000 right now!

Heck, when BTC hit U$ 100 I thought it was insane. Now it's still 30X above 100.

[gabmen]

Generalizations are stupid.

It'd be hard to argue that whoever bought BTC for pennies in 2010 made a bad deal with it at U$ 3000 right now!

Heck, when BTC hit U$ 100 I thought it was insane. Now it's still 30X above 100.

It's people who just recently got into the market that's all fuzzy about it. Though there's reason, especially if you got in close to the ath lol. Looking at the bigger picture, it's still promising if only you can see the long run probabilities.

[gentlemand]

There's one small thing that stands out to me.

Perma bulls have been right.

Time after time.

The people who start threads like this have been wrong every.single.time. There are hundreds of them littered throughout this forum dating from 2011 or before.

Those who called for $1/10/100/1000/10000 were all dissed in pinhead threads too.

There are certain patterns I see in this forum repeating over and over and over again.

One of them is scale. For some reason people can't understand that price rises alongside the numbers of people. In some ways it was harder to go from 0-$10 than it might be to go from $10,000 - $100,000. It signifies momentum. Without it nothing happens. When it gathers pace nothing can stop it.

Unlike any other 'investment' before it every bubble burst so far ends up with more people involved than were here when it started. Nothing else can do that as nothing else has risen literally from zero.

Every move from now on will keep gathering ever greater numbers of people until it's saturated and then the epic calls will be redundant.

They have no regard for the market cap

People who say that it'll shoot up to $100,000 have no concept of market caps and size. They seem to think that since a bubble happened two times, it will happen again.

You should be able to differentiate between a $1,000,000 marketcap and $1 trillion market cap. Most Bitcoiners are unable to do so. They believe in it rising to infinity and beyond because of previous movements.

That's not how the market works, dummies!

You clearly don't understand market cap either. If someone spent $5 billion tomorrow between 0900 and 1200 GMT with the coins available on exchanges I expect the market cap would be $5-10 trillion by lunch time simply because the supply of coins would dry up.

[Hamphser]

Generalizations are stupid.

It'd be hard to argue that whoever bought BTC for pennies in 2010 made a bad deal with it at U$ 3000 right now!

Heck, when BTC hit U$ 100 I thought it was insane. Now it's still 30X above 100.

It's people who just recently got into the market that's all fuzzy about it. Though there's reason, especially if you got in close to the ath lol. Looking at the bigger picture, it's still promising if only you can see the long run probabilities.

If you just get in when BTC price is on its ATH then you would definitely have this kind of line or thinking.I cant blame but
if we do really dig deeper we would really able to say that we are on a good range.Imagine on how far we have reached when bitcoins
price is still not big at all.

[RodeoX]

In the past it would have been bat-shit crazy to ever believe bitcoin would reach $100. So... 

[exstasie]

I believe that we will see another bull market when LN is fully functioning.

If Lightning adoption picks up in a big way, there will be supply forces that drive prices up too.

Lightning incentivizes people to lock up BTC (to use in channels or collect Lightning node fees). That could increase demand, but more notably it could decrease available supply as people shift coins into Lightning and away from exchanges.

[wuvdoll]

There is also nothing to be shamed about being optimistic. I know price looks bad and none of us knows what will happen in crypto world nor in real world however being optimistic is still a great thing to have. What should people think  ?

"We are all going to die anyway and we can't afford to wait until bitcoin goes up, lets sell it and just spend it before we die" or something ? That is not how economy works, you need to invest and hope for the best and even if you can't reach to a point where it makes you rich, just hope that it will make your kids rich one day.

The saying goes "A society grows great when old men plant trees whose shade they know they shall never sit in", if you can just try to make crypto a bit better instead of shaming the bulls, we might have a chance to have alternative economy parallel to the current one and give our kids a better world for the future.

[nur rochid]

Generalizations are stupid.

It'd be hard to argue that whoever bought BTC for pennies in 2010 made a bad deal with it at U$ 3000 right now!

Heck, when BTC hit U$ 100 I thought it was insane. Now it's still 30X above 100.

It's people who just recently got into the market that's all fuzzy about it. Though there's reason, especially if you got in close to the ath lol. Looking at the bigger picture, it's still promising if only you can see the long run probabilities.

If you just get in when BTC price is on its ATH then you would definitely have this kind of line or thinking.I cant blame but
if we do really dig deeper we would really able to say that we are on a good range.Imagine on how far we have reached when bitcoins
price is still not big at all.

but sometimes we are traumatized after experiencing bad things like this throughout 2018. at the beginning of the year many were investing, but their expectations failed, and regrets occurred. many of them can't wait for the time to arrive

[randythered]

Firstly is it really necessary to use derogatory language and demean countless people in the process?

There's very little censorship of language on this forum, and calling an enormous group of people retarded is not the worst insult I've ever heard.  Not even in the top 1000.

If the barometer for what is right and what is not is whether or not someone has done worse at any point in life then I don't want to be around for that. I agree there's been worse said and that the forum isn't censored, therefore individuals should shoulder the responsibility themselves to be better, not better than others, but better than their former selves.

[netto7]

today is bull run?

[Levious]

I don't think the Bulls are slow. It's just not ready. If the bull market really comes, it will rise very quickly. The next day, the world's media will inform the price of Bitcoin. This is the real bull market, but now there is no arrival.

[Kakmakr]

You cannot just link a high price with high transaction fees, if you do not consider the changes that has occurred since this has happened before. We have had a significant increase in SegWit adoption and also the Lightning Network since the fees were that high before and this will help to prevent a reoccurrence of such a scenario in the future.

Also, most people did not moan about the high fees, because they received a counter reward of almost 800% in profit on their investment. <OK, some did not complain>   

[rosemary4u]

It is not a bad idea to believe in bull run but we need to be realistic in our expectations on the world of cryptocurrencies. People would always make speculative predictions on the crypto market but we need to act responsibly as to the kind of stories that we believe in.

[JohnBitCo]

today is bull run?

Today is not bull run. Even though we see market to be green today and mostly coins over 10% pumped but still it is very early to say that bull market has started. For the last 5 weeks, bear market dominated and only this week we are seeing some reversal movements.

[Supercrypt]

Bulls are retarded but the crypto market has been on the rise for 4 days in a row now ? How can you explain that ?
I know prices fluctuate and maybe tomorrow it will go down or it will continue going up but in the end this is crypto and prices will never stay low for too long, it will eventually get up.

We are talking about a century worth investment here, this is not just an investment you do for yourself but you do it for your children and their children and who knows maybe even their children. So, you may not trust bitcoin to be going high today or tomorrow or even in 2019 but believe me that in 2076 bitcoin will worth much more than today. That is the type of thing we are trying to build here, this is the alternative for fiat currencies and you can't achieve that in single day.

[MainIbem]

~

When I look at Bitcoin from a practical point of view, I don't see $1 trillion worth of goods and services being passed through it. Russia and Australia have an economy of $1 trillion. Their total population can collectively only produce $1 trillion in value. What can Bitcoin do? Not even 1/50th of that.

If you have any "rebuttals", fire away.

You may argue that Apple produces goods and services while Bitcoin produces nothing. Well, Bitcoin is a payment system some people find convenient to use, so it is a service in a way. Now, think of the situation when only 1% of the world population, at each time step, were using Bitcoin for payments.

The points you raised which I italicize are the salient point most bitcoin businessmen don't seem to know and are thinking that the predictions of price are just out of the blues. When Bitcoin becomes the world's most preferred payment system, I wonder what the value will be then. Which is why I prefer mass adoption now that expecting price high.

[Burogh]

Bitcoin price already take bull run in past 3 days and i am believe it will continue and reach $6000. This market have big potential and i think market cap can reach trillion dollar market cap because big investment institution already in market.

[netto7]

Bitcoin price already take bull run in past 3 days and i am believe it will continue and reach $6000. This market have big potential and i think market cap can reach trillion dollar market cap because big investment institution already in market.

looking to step by step first  at 5k.

[leavolnhals]

The truth is that, but this is a potential market. why? because it is not covered by law. That is why we humans want to make money from these markets. No longer tax, no longer bound by the rules. Simply buy and sell.
That is the way that many investors want. So I have no objection about how the market works.

[Renaldi blackspadeteam]

first the price of bitcoin was $ 15000 + and they might think that every year the price of bitcoin will always go up but in fact the price of bitcoin this year really collapsed,
I think maybe they think the price of bitcoin is $ 100,000 in the next 10 to 20 years