Bulls are Retarded

[netto7]

right not market turn to red again.

BTC lower than 4k

[Harrisonimo]

A lot of persons making projections andspeculations about the bitcoin bull run have lost their analytical prowess as the outcome value has shocked them till date and they have not been able to place where they went wrong. The points you have highlighted are valid and realistic. I do hope a lot will now try to understand and just stop clamouring for a bull run without a justified reason.

[CarnagexD]

As the title says, I firmly believe that Bitcoin bulls have something wrong with them. Now, I don't actually mean the insult. What I mean is that people who are hoping the price shoots up to $100,000 are morons.

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!

They're not concerned about actual usability

The last time Bitcoin shot up in price, any transaction cost $50 to do. A big speaking point for Bitcoin used to be that you could do small transactions for virtually no cost. This all changed once it shot up.

The ethos suddenly changed to being that Bitcoin should only be for large payments only. $1-2 payments shouldn't have any consideration.

When there are $50 fees, there will be less incentive to move money around, slowing down the Bitcoin economy. If there's no circulation and flow, how can Bitcoin be considered a currency? That leads me onto my next point...

Bitcoin is something speculators use to bet against other speculators

A high price is attractive for those in the game only. It doesn't help expand worldwide coverage. It's a turnoff, actually.

Who are the ones profiting from Bitcoin? It's the speculators.

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.

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

 Very good point, it tells a lot. Yes, i agree with you that,  there are people whom had the burning desires to see the Bitcoin price goes up beyond which was on the market as posted. They have a very limited knowledge to understand what is the Crypto Currency Market.  We can read some of their coments gave only interest on the price value of Bitcoin. Anyway..goodluck guys.

[naidray]

Are these the same bulls that made about 35% profits in just last week ?
I mean because if the retarded bulls made 35% profit in a week, I would like to be retarded as well.

As you can see for each point of view there is a point of view that is just contrary. You can say that bulls made 35% profit in the past week which is the most recent movement and that means bulls are right, you can say we have lost over 80% of our value in the past year alone which means bears are right, we can say we have made %1000+ profits in the past 3 years which means bulls are right.

No matter how you look at it both points are still valid, there is no need to name call anyone because of what they believe. There is no way you can be right on someone else thought process, doesn't matter what you believe because both cases are solid.

[noormcs5]

right not market turn to red again.

BTC lower than 4k

This is just temporary because there a lot of sell orders. Obviously those who have bought at 3200$ they would surely be selling at 4000$ but overall the market sentiment is positive and i feel market will be in recovery mode from now onward.

[Betwrong]

~
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.
~

We can say about any pyramid scheme that is has risen literally from zero, but what differs Bitcoin from them is that none of them can survive a bubble burst. When a pyramid scheme starts crumbling down nothing can stop it from total collapse, while Bitcoin has proven many times already that no bubble burst can kill it. And, as you rightly pointed out, the adopting only rises each time. That's why I think that until we reach a high level of adoption, from which we are far at the moment, every ATH will be repeated and surpassed eventually.

[Siti Nurbaya]

Be patient to deal with the pyramids that occur in bitcoin, bitcoin has an uncertain movement and this always happens, there will be a chance that the pyramid will be on top and many will throw it away, because of the good opportunity at that time.

[GregH37]

I’m sorry to say this. But that’s what makes this to be interesting. That’s the risk we are talking about and the volatility. Without the price being pumped and dumped you wouldn’t be able to make any profit at all from this. Lets assume that this market is stable and there is no increase or decrease when you invest and it is also being used just as a way of making payments  then nobody would be interested in it, cause there are already lots of payments system available.

Cryptocurrency is an investment and this is how it’s meant to be. But, sometimes we need to be more patient so that the actual powerful bull will come into action. If we are in hurry then we may need to book losses and to time.

[ToyotaFortuner]

how can you say that while the bull run has not happened, at the end of this year a bull run will probably never happen because cryptocurrency enthusiasts are not too much and it is difficult to make the price of bitcoin again expensive.

[Betwrong]

I’m sorry to say this. But that’s what makes this to be interesting. That’s the risk we are talking about and the volatility. Without the price being pumped and dumped you wouldn’t be able to make any profit at all from this. Less assume that this market is stable and there is no increase or decrease when you invest and it is also being used just as a way of making payments  then nobody would be interested in it, cause there are already lots of payments system available. Cryptocurrency is an investment and this is how it’s meant to be.

No, it's meant to be a peer-to-peer electronic cash system without the weaknesses of the trust based model. Some people see Bitcoin as a good investment, because if it replaces all the existing payment systems the price of 1 BTC can be around $4 million, and if it replaces only 1% of those systems(which is very likely to happen), the price of 1 BTC can be around $40,000. So, I don't blame people who see Bitcoin as a promising investment when it's price is under $10,000, but above all it's a payment system where no trusted third party is needed.

[sheenshane]

I’m sorry to say this. But that’s what makes this to be interesting. That’s the risk we are talking about and the volatility. Without the price being pumped and dumped you wouldn’t be able to make any profit at all from this. Less assume that this market is stable and there is no increase or decrease when you invest and it is also being used just as a way of making payments  then nobody would be interested in it, cause there are already lots of payments system available. Cryptocurrency is an investment and this is how it’s meant to be.

No, it's meant to be a peer-to-peer electronic cash system without the weaknesses of the trust based model. Some people see Bitcoin as a good investment, because if it replaces all the existing payment systems the price of 1 BTC can be around $4 million, and if it replaces only 1% of those systems(which is very likely to happen), the price of 1 BTC can be around $40,000. So, I don't blame people who see Bitcoin as a promising investment when it's price is under $10,000, but above all it's a payment system where no trusted third party is needed.

I agreed with you, Bitcoin must be used as currency in order to circulate the price and have a better movement when we make transactions on this technology not only by holding. But yes, we don't blame those holders that keep holding on their crypto asset and Bitcoin for a while and waiting when the price growing up and have profit. But people think bitcoin is a promising asset, not a digital currency that used in paying across the borders.

[pixie85]

right not market turn to red again.

BTC lower than 4k

This is just temporary because there a lot of sell orders. Obviously those who have bought at 3200$ they would surely be selling at 4000$ but overall the market sentiment is positive and i feel market will be in recovery mode from now onward.

You're wrong. If all people who bought at  lower prices were ready to sell when they go up by 30% there would have to be more buyers at every price level. The same number of buyers at higher prices would only stop it from falling down for a while but there would have to be much more to push the price to 5000 and then a lot more for 6000. The market doesn't work like that.
People sell to take some fiat off their profits the market and buy back. The same people remain in the game.

[Cosbycoin]

As the title says, I firmly believe that Bitcoin bulls have something wrong with them. Now, I don't actually mean the insult. What I mean is that people who are hoping the price shoots up to $100,000 are morons.

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!

They're not concerned about actual usability

The last time Bitcoin shot up in price, any transaction cost $50 to do. A big speaking point for Bitcoin used to be that you could do small transactions for virtually no cost. This all changed once it shot up.

The ethos suddenly changed to being that Bitcoin should only be for large payments only. $1-2 payments shouldn't have any consideration.

When there are $50 fees, there will be less incentive to move money around, slowing down the Bitcoin economy. If there's no circulation and flow, how can Bitcoin be considered a currency? That leads me onto my next point...

Bitcoin is something speculators use to bet against other speculators

A high price is attractive for those in the game only. It doesn't help expand worldwide coverage. It's a turnoff, actually.

Who are the ones profiting from Bitcoin? It's the speculators.

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 do have a good point, but may looking from different point of view I will start by asking if you know what really brought a lot of people into Bitcoin (cryptocurrency)? It’s the volatility, and that includes the bulls drawing the price up and down, that’s why you see a lot of people taking interest, if not for all that you wouldn’t be seeing people that are interested in cryptocurrency.

[onrise]

Be patient to deal with the pyramids that occur in bitcoin, bitcoin has an uncertain movement and this always happens, there will be a chance that the pyramid will be on top and many will throw it away, because of the good opportunity at that time.

A good opportunity is ahead in front of us and those who had being buying during the dips would have already made 1000$ in few days only as btc has moved 4200$ and before one year one could have easily made money and thus in future as well market looks bright and upward movement may continue.

[blackbold]

I do not believe that bitcoin reaches 100k USD very early, it will take a long time, and maybe it will never reach this value, but the price of 10k, 20k I believe!

that's right, there must be a lot of process to reach that price, but to reach 10k or 20k is easy because at the previous record, bitcoin has already achieved it

[Snaic]

In general, I agree with your statement. Bitcoin, most likely, will never rise in price to one hundred thousand dollars. This is just unreal. We see what happened to the market when Bitcoin rose only to $ 20,000. The cryptocurrency market is in decline for a whole year. And the holders of cryptocurrency will get smarter. They will no longer believe in the constant growth of Bitcoin in the price and as soon as it starts to rise sharply in price, they will drop some of their Bitcoins. Thus, his course will go down. The cryptocurrency market will become more mature and will not allow such high price spikes.

[Pamadar]

Be patient to deal with the pyramids that occur in bitcoin, bitcoin has an uncertain movement and this always happens, there will be a chance that the pyramid will be on top and many will throw it away, because of the good opportunity at that time.

A good opportunity is ahead in front of us and those who had being buying during the dips would have already made 1000$ in few days only as btc has moved 4200$ and before one year one could have easily made money and thus in future as well market looks bright and upward movement may continue.

Lucky for those who take the risk buying when the value went down below 4k$ as they are now is a good position and sure profits if they will not hold and sell it out, really matters on how you make your entry, bulls will comes up for those who will wait and believes that investors will support this business and time will come that traders will not be afraid with how whales will work out inside the market.

[jhongzjhong]

I do not believe that bitcoin reaches 100k USD very early, it will take a long time, and maybe it will never reach this value, but the price of 10k, 20k I believe!

that's right, there must be a lot of process to reach that price, but to reach 10k or 20k is easy because at the previous record, bitcoin has already achieved it

Well everyone of us have a different perspective on Bitcoin prediction, well, we have different guesses on market movement but the still unpredictable market and time can tell this. Just like what happens now, there's a lot of rumor that it will hit at the bottom price at 2.5k dollars but it doesn't happen besides for now the price show's progress grow. Lucky for those people invested last month because I'm sure they earned now profit.

[pinoyden]

Be patient to deal with the pyramids that occur in bitcoin, bitcoin has an uncertain movement and this always happens, there will be a chance that the pyramid will be on top and many will throw it away, because of the good opportunity at that time.

A good opportunity is ahead in front of us and those who had being buying during the dips would have already made 1000$ in few days only as btc has moved 4200$ and before one year one could have easily made money and thus in future as well market looks bright and upward movement may continue.

Lucky for those who take the risk buying when the value went down below 4k$ as they are now is a good position and sure profits if they will not hold and sell it out, really matters on how you make your entry, bulls will comes up for those who will wait and believes that investors will support this business and time will come that traders will not be afraid with how whales will work out inside the market.

for sure many people buy last dip and now they are enjoying thier gains but the only problem is that it wont take too long for the bull to last because im pretty sure that most investors are now selling thier coins but that is normal because it does actually happen in the crypto business . we cant call the bulls retarted because they are inocent .  what is the one here are the whales because they are making us confuse and loose because they will oftenly manipulate this market .

[coneing]

Be patient to deal with the pyramids that occur in bitcoin, bitcoin has an uncertain movement and this always happens, there will be a chance that the pyramid will be on top and many will throw it away, because of the good opportunity at that time.

The price will rocket to the sky as is speculated. The bulls are not retarded they are helping the price but for all of us it is important to hold our coins. If we will hold then they will invest more money and the price will start to rise and so many other people will come to invest in it.