The truth about the 20k bitcoin last year

[Romeotom]

No need talking to negative feedback about bitcoin. Because the problem is not bitcoin,it our think and mind.bitcoin market depends on people investment trading so market going to down or up will inquire ,who is people do that.no need again this topic ,compare needs continue our investment and trading worked.

[jawakoak]

the truth is we miss that moment again, i believe this OP is miss that 20k on bitcoin

[care2yak]

the only truth is that few people became millionaires (because they had inside info considering price movement) and the rest of us (99,99% of crypto enthusiasts) are left weeping and hoping for price to jump up. However it's a period of accumulation and we will have to wait for years before new ATH.

That only means bitcoin really creates money and admit it or now, I know you also earn money through bitcoin. There is so much negativity on the OP, and if you think bitcoin is useless you are free to leave the market and a have a good run with other things. For me, bitcoin makes our financial system more meaningful, it created money to those hodlers and for sure this year we will go into the higher price.

feb 5 marks the beginning of the year of the earth pig and some are probably expecting a quick bitcoin price surge... hopefully we'll all have a happy fat earth pig - and trading-wise, hodling-wise, a smarter one to get through all of 2019 too.

if the surge doesn't happen, perhaps those who can't help but wallow in negativity about crypto can move on to other things that'll change their defeatist disposition into a healing one - a positive one. it's too stressful to maintain a cynical temperament coz it just saps out your strength....

anyway, the cryptoverse has developed an attractive atmosphere that even those who are critical of it are drawn to its ecosystem - intrigued by it. so the best course of action is to learn more about it than trash it.

[Kakmakr]

The truth behind OPs post is this. He bought Ethereum and not Bitcoin and now he wants to bash Bitcoin down, in the hope that people would believe him that Ethereum is better and if he succeeds, then the price of Ethereum will go up and he will make more profits from his Ethereum investment.

We have a lot of these Alt coin pumpers, doing the same thing with each of their shitcoins, so this is not something new.  OP, I will suggest dumping those ETH coins and buying Bitcoin. <See, anyone can do that> 

[cpoer2011]

Why did say that bitcoin is totally worthless? If that so, why people still trading bitcoin and makes some money from it. Just give bitcoin some time to go up again to a better value.

[nicosey]

Mike Novogratz is a shill from the worst kind- same with this other BTC shill Tone Vays

These two are not BTC

[Siren]

If theres a true garbage here,thats you and not bitcoin because you have nothing to contribute this community but purely garbages and trash just like your attitude

Bitcoin itself is innovative,and if you didn’t notice you are here just to have bitcoin and other crypto,because I cannot see other reason for your staying here if not for that,so stop being stupid and face the reality accept that good or bad publicity is still a publicity for bitcoin

[imstillthebest]

Yes, I support your opinion of the author and also believe that Bitcoin is completely useless and did not meet the expectations placed on it at all

lol maybe you are an alt account of the op ?  because you are only the one that supports this thread while most of us disagree . bitcoin actually meet the expectations of most users but some are just too greedy and not contented on what bitcoin has to offer .

the truth on why btc sky rocket to 20k usd is becuase  many people have invested on it .  there were also new comers that joined the party , so its no surprise that the value got pump instanty .  unfortunately the market has now collapse because investors did already sold thier coins and they arent re investing yet at the moment  .

[romero121]

Bitcoin growth is uncertain, and in similar way the growth of bitcoin happened reaching $20k in unexpected time period. Likewise the market experienced a big crash which happened when people were expecting the price pumping and reach out the $25k. As 2020 is gonna experience the halving, surely the price rise will happen gradually with accordance to the special events.

[Whosdaddy]

Bitcoin growth is uncertain, and in similar way the growth of bitcoin happened reaching $20k in unexpected time period. Likewise the market experienced a big crash which happened when people were expecting the price pumping and reach out the $25k.

Probably everything happened in last 14 to 15 months were mistimed but usual things of bitcoin ecosystem. Because, we had experienced similar things by the time frame of 2013 to 2015. The actual worth / fair value of bitcoin (by considering various price impacting factors like mining difficulty and % of merchants' revenue from bitcoin based tx) by the end of 2017 must be $10k but we went up to $20 just due to manipulation and that was the root cause of everything to become mistimed. Just remember the better sustaining price of last year was $6500 which was 35% down from fair value, which is very much reasonable one.

As 2020 is gonna experience the halving, surely the price rise will happen gradually with accordance to the special events.

Isn't it too early to jump into 2020 ? I just like to remind you that we are in very beginning of 2019 and almost 358 days are left with this year before we start concerning about 2020 .

[omonuyak]

Bitcoin growth is uncertain, and in similar way the growth of bitcoin happened reaching $20k in unexpected time period. Likewise the market experienced a big crash which happened when people were expecting the price pumping and reach out the $25k. As 2020 is gonna experience the halving, surely the price rise will happen gradually with accordance to the special events.

We hope this your speculations come to pass and 2020 bitcoin is in healthy condition again.  Remember that people said something good about bitcoin in 2017 and that is why we see the kind bull run we witnessed in 2017 and since some of us are saying positive things in 2019 and 2020 I think we are going to witness another bullish trend again.

[WinslowIII]

If anything ethereum is the garbage coin. Every one of it's icos was a scam in one way or another, not a single legit project came from an er20 token, and now all of these scam icos have been shut down in all major countries and for damn good reason. Since there is nobody stupid enough to buy these scam icos anymore, wtf is eth use case? nothing that I can see, their only use case has been a scam factory. You want to talk about innability to scale?! fuck, eth barely functioned with heavy trxs.

[hahay]

The truth behind OPs post is this. He bought Ethereum and not Bitcoin and now he wants to bash Bitcoin down, in the hope that people would believe him that Ethereum is better and if he succeeds, then the price of Ethereum will go up and he will make more profits from his Ethereum investment.

We have a lot of these Alt coin pumpers, doing the same thing with each of their shitcoins, so this is not something new.  OP, I will suggest dumping those ETH coins and buying Bitcoin. <See, anyone can do that> 

Lol, so it's just a guile that can plunge people to get rid of their bitcoin and see the destruction of bitcoin, then buy ethereum so that the ether value will peak. But, guile like that can succeed also depends on someone's personality and each person must have a personality that seems difficult to be affected. After all, who issued the statement so that people believed it, even though it was said by famous people, I personally still wasn't sure that there were many people who were willing to throw away bitcoin that they had been hold so far.

[figmentofmyass]

The truth behind OPs post is this. He bought Ethereum and not Bitcoin and now he wants to bash Bitcoin down, in the hope that people would believe him that Ethereum is better and if he succeeds, then the price of Ethereum will go up and he will make more profits from his Ethereum investment.

little do they realize, their altcoin investments are utterly dependent on bitcoin's success. they don't really want bitcoin to fail---if it did, it would take the entire crypto economy down with it.

If anything ethereum is the garbage coin. Every one of it's icos was a scam in one way or another, not a single legit project came from an er20 token, and now all of these scam icos have been shut down in all major countries and for damn good reason.

binance was an ICO. it's now the biggest altcoin exchange in the world---a huge success story for investors.

i also think multiple years is a more realistic timeline to give before passing judgment on any given ICO. good companies and products don't usually get built overnight.

re ethereum, you've gotta admit it's provided some pretty awesome functionality. decentralized exchanges run on smart contracts, fundraising without intermediaries. its design leaves much to be desired, but i think it's far from a garbage coin. if sharding and POS work in a technical sense(big "if") it'll be a real game changer too.

[cellard]

Threads like this are nice because when noobs get pissed out at Bitcoin it means we are near capitulation.

Of course they will never understand Bitcoin's censorship resistant, decentralized, unconfiscable nature is worth $trillions objectively speaking, but they still can't see beyond "using it" as in buying fucking coffee of all things with it.

The difference between a shitcoin and Bitcoin should be evident by now if you have been here for a while. All non PoW is a joke, and PoW networks are destined to be distributed in a Paretto law-like fashion, so there will always be a king and things don't look like it will be anything but Bitcoin.

Please point me to an altcoin that isn't PoW that is more secure than Bitcoin, or point me to a non-PoW altcoin that is more secure than Bitcoin and I will dump Bitcoin and buy that altcoin.

[figmentofmyass]

Please point me to an altcoin that isn't PoW that is more secure than Bitcoin, or point me to a non-PoW altcoin that is more secure than Bitcoin and I will dump Bitcoin and buy that altcoin.

unfortuantely, the security of different consensus algorithms can't be compared in a concrete way. with POW, we can estimate the current hash rate and determine the cost of a majority miner attack based on hardware and electricity costs. with POS, the cost of attack is a lot more hazy. we don't know which entities control how much stake or who they might be colluding with, and on top of it, we'd have to do a lot of guesswork re: exchange and OTC liquidity. the big problem in POS is collusion and it's really hard to place a number on the risk that collusion-based majority staker attacks will occur.

the other problem regards tradeoffs that users/investors are willing to make. if POS could offer much cheaper---albeit less secure---transactions (because the effective cost of publishing transactions approaches zero), couldn't that make it worthy to some people, particularly those looking for a medium of exchange? could it be worth it for some people from an environmental perspective, assuming a POS system provided some level of security?

[St4yInTh3D4rk]

Lets face it- BTC is total worthless- its garbage and you cant use it for anything

Last years bullrun had nothing to do with BTC beeing innovativ or anything- the only reason BTC reached this price levels is because of bitconnect and Ethereum ICOs
for bitconnect and to take part in eth icos the easiest way was to buy bitcoin and than invest in bitconnect- buying bcc coins

same with ethereum ICOs- majority of people bought BTC than traded it for ETH and than investing in eth ICOs

so if btc wouldnt have been around it would have even been much better if someone was abe to invest directly in bitconnect or ethereum.

Mike Novogratz is a shill from the worst kind- same with this other BTC shill Tone Vays

Face it BTC fanboys- your coin is garbage and noone can use it for anything- the only reason it had any usage was in the beginning when people used it to buy drugs on the darknet but other than that- screw bitcoin

and even lightning cant save this crap


And on the next bullrun ethereum will outperform btc again- especially when people are than able to purchase eth directly with fiat.

now prove me wrong, lol

When people buying bitcoin for the purpose of converting into other coins then it won't affect the demand in any way then how the market will reach $20K.The reason behind the price increase was the bitcoin was over hyped by many sources which attracts lot of people with the intention of making money without knowing anything about it but finally they lost everything.

[b3j0]

Bitcoin growth is uncertain, and in similar way the growth of bitcoin happened reaching $20k in unexpected time period. Likewise the market experienced a big crash which happened when people were expecting the price pumping and reach out the $25k. As 2020 is gonna experience the halving, surely the price rise will happen gradually with accordance to the special events.

many people lose that precious momentum because they continue to hold the bitcoins they have and expect the price of bitcoin to rise higher. I am also part of them 

[budiarmed]

You say it as a rubbish coin, that's because you are frustrated with the fall so you only think from a negative perspective. Bitcoin is not what you think, and there is too naive in interpreting it.

[bintangkejoraku]

Bitcoin growth is uncertain, and in similar way the growth of bitcoin happened reaching $20k in unexpected time period. Likewise the market experienced a big crash which happened when people were expecting the price pumping and reach out the $25k. As 2020 is gonna experience the halving, surely the price rise will happen gradually with accordance to the special events.

many people lose that precious momentum because they continue to hold the bitcoins they have and expect the price of bitcoin to rise higher. I am also part of them 

they are greedy people (I'm not saying you're included) who always hope and never feel enough, now the price of bitcoin has dropped by more than 70% since then. maybe only regret is left.