majority will lose money and minds

[vypzilla]

The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none.

Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.

Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.

[iceman77]

Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.

Agreed, only here to make money.  If I bought today and it went to 50k in a few years I'm selling nearly all I have, maybe keep a couple just in case.

[avikz]

Any particular reason for your ranting?? I believe you belong to that mass who had entered into bitcoin market during late 2017. Otherwise, I don't see any other reason for your ranting. Are you neck deep in debt just because of bitcoin. If yes, start a crowd funding activity and people will help you to get out of that. Why waste unnecessary energy in rating??

We really don't know where bitcoin will be heading in future, all we can do is speculate! Every speculation has two sides of it and you are surely standing on the opposite side compared to me! Just keep calm and believe in blockchain. This tech is going to change the world for better!

Also just remember a golden rule for investing into unorganized sector that, never invest anything which you cant afford to loose! You don't seem to be following that!

[niotib]

The only reason why people buy bitcoin, is to make money.

It's wrong. The correct statement must be,

One of the reasons why people buy bitcoin, is to make money.

[vypzilla]

Any particular reason for your ranting?? I believe you belong to that mass who had entered into bitcoin market during late 2017. Otherwise, I don't see any other reason for your ranting. Are you neck deep in debt just because of bitcoin. If yes, start a crowd funding activity and people will help you to get out of that. Why waste unnecessary energy in rating??

We really don't know where bitcoin will be heading in future, all we can do is speculate! Every speculation has two sides of it and you are surely standing on the opposite side compared to me! Just keep calm and believe in blockchain. This tech is going to change the world for better!

Also just remember a golden rule for investing into unorganized sector that, never invest anything which you cant afford to loose! You don't seem to be following that!

Hi there, I entered when bitcoin was around $600 a few years ago and lost a shit ton of money. Became obsessed with cryptocurrencies in general which spiraled into a dark depression. I'm guessing you mean "lose" and not "loose"? anyway, I can't afford to lose anything, that's why i'm always questioning the space. FYI I follow the beat of my own drum.

"Just keep calm and believe in blockchain. This tech is going to change the world for better!" Quick question, can you explain to me how it is going to change the world for the better?

[chaoscoinz]

The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none.

Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.

Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.

I agree with not wasting your life away waiting for a come up. What I don't agree on is Bitcoin being outlawed entirely, for any given reason.
 It would be much easier to impose regulations and tax it to death.
  You say the only reason why people buy into the market at this point, is in hopes of making a profit, possibly true. I don't pocket watch others spending habits, but I'm sure some did cash out during the steep inflation period which peaked around $20,000.
       I could have bought Bitcoin at $10 a coin but I was young and immature, not understanding quite what it stood for. I'm sure many were in the same position at the time. To be honest, I had thought Bitcoin was another variant/ alternative to E-Gold or something. I didn't really handle my due diligence then.
I'm sure Bitcoin is just getting started and needed to correct itself by deflating. Without any resistance, you can't develop into a strong force. I mean look at how many institutional investors have their eye on the market now!
  The main concern most tycoon investors have is the market manipulation. If I'm not mistaken, it's one of the reasons why propositions for a Bitcoin ETF haven't passed yet.

Just my 2 cents!
  

[Wellyan]

The only reason why people buy bitcoin, is to make money.

It's wrong. The correct statement must be,

One of the reasons why people buy bitcoin, is to make money.

as far as I know, that person bought coins not only for money or profit. but on the other hand they bought the coin because they wanted the coin to spin, and not as long as just one side. because the progress of bitcoin also needs to rotate, from one person to another. so it can make bitcoin even more advanced.

[vypzilla]

The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none.

Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.

Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.

I agree with not wasting your life away waiting for a come up. What I don't agree on is Bitcoin being outlawed entirely, for any given reason.
 It would be much easier to impose regulations and tax it to death.
  You say the only reason why people buy into the market at this point, is in hopes of making a profit, possibly true. I don't pocket watch others spending habits, but I'm sure some did cash out during the steep inflation period which peaked around $20,000.
       I could have bought Bitcoin at $10 a coin but I was young and immature, not understanding quite what it stood for. I'm sure many were in the same position at the time. To be honest, I had thought Bitcoin was another variant/ alternative to E-Gold or something. I didn't really handle my due diligence then.

Wise thoughts. Yeah they will have a field day taxing the hell out of it. I personally think bitcoin will be worth $10's of millions in the future, where 80% are held by government bodies and the rest of us are fighting over the rest. Who knows, just another persons imagination running wild.

[greeklogos]

I think Noone from ordinary people with ordinary amount of monthly income, just like I am, will never be able to invest in bitcoin now. Unfortunately the majority of people on the exchangers are just ordinary ones. I believe there are those who are investing in bitcoin or just collecting it by doing different types of jobs paid in bitcoin, signature campaigns for example. Such people will win a lot if that 'if' about which you are talking will happen, cause of basically they didn't invest much, but the probability of high bitcoin's price still stays high.

[buwaytress]

The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none.

Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.

Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.

Look, that's generally good advice no matter which side of the fence you're on, but I can tell you that there actually are, believe it or not, people who do believe in the tech and haven't bought it other than to try it. Lifelong Bitcoin educator Antonoupoulos was one, though of course, the mockery of him having none despite teaching it for years resulted in people donating him so much he actually became a millionaire (I don't know what he did with the donated amount).

So, believe it or not, there are people still in this despite or because of the price crash, who'll be here long after Bitcoin is "outlawed and crashes to 0". Guys like you will probably be parading with the I-told-you-sos... but those guys sticking around, they'll be invisible, as they've always been. Plugging at it and soldiering on.

You're still right though. Majority will lose their minds and money. But nothing you or I say can prevent that. They made their beds the moment they entered.

[vypzilla]

I think Noone from ordinary people with ordinary amount of monthly income, just like I am, will never be able to invest in bitcoin now. Unfortunately the majority of people on the exchangers are just ordinary ones. I believe there are those who are investing in bitcoin or just collecting it by doing different types of jobs paid in bitcoin, signature campaigns for example. Such people will win a lot if that 'if' about which you are talking will happen, cause of basically they didn't invest much, but the probability of high bitcoin's price still stays high.

I mean anyone can invest in bitcoin, i'm guessing you mean enough to make you rich right? Which is kind of my point. The average Joe in my eyes, should aim to own 1 bitcoin and then just wait. What will be will be but at least you are in the game.

Think about it, we only invest in bitcoin to make money. I don't care what anyone else says, that's the simple harsh truth.

[Upgate]

Well you can't particularly speak for everyone some people are actually here because of the great future possibilities bitcoin offer which also has its own great profit benefits as well

[vypzilla]

The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none.

Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.

Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.

I can tell you that there actually are, believe it or not, people who do believe in the tech and haven't bought it other than to try it.

So, believe it or not, there are people still in this despite or because of the price crash, who'll be here long after Bitcoin is "outlawed and crashes to 0". Guys like you will probably be parading with the I-told-you-sos... but those guys sticking around, they'll be invisible, as they've always been. Plugging at it and soldiering on.

Hi, I have a few questions if you don't mind answering. Would appreciate it. What do you mean other than to try it? what are they exactly doing? I mean I understand it cuts out the banks and its peer to peer where you become in control of your own money. But we are still talking money, bitcoin still has a value. Honestly if bitcoin was $0 tomorrow till the end of the year, how many people would actually be in the space.

Your talking like money means nothing to certain people. Money is everything to everyone in this space. Period. Dev's get paid, miners mine to get paid, traders trade to make money, investors, exchanges, shorting, advertisers. Companies have closed just because of the price of bitcoin. Maybe I am ranting but i just feel these people you talk about are rich anyway so it doesn't matter to them.

[vypzilla]

Well you can't particularly speak for everyone some people are actually here because of the great future possibilities bitcoin offer which also has its own great profit benefits as well

Hi, could you name me some great future possibilities of bitcoin please. Thank you.

[aoluain]

The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none.

Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.

Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.

Nobody knows how the future is going to go and bitcoin can be life saver
in future if the global economies crash. If they dont and bitcoin goes to
1M well yes there will be a lot of people cashing out but there will be people
buying into it still in 5, 10, 20 or even 40 years, its all relative and different
people have different reasons for being here.

[NeuroticFish]

Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.

Maybe you missed something: not everybody here bought Bitcoin. Some people here implement things related to Bitcoin (and other crypto). Some people have businesses related to crypto. Some trade. And so on. People do earn crypto in this ecosystem. It's not all about investing.

Yes, probably a good number of people which earned crypto kept some or all of it as investment. Yes, probably those are also vulnerable to "end up going crazy" as much as some that didn't use their brain when investing (FOMO, buy high sell low, ...). But also people working with Bitcoin will know the price all the time (myself I have 75% of the online time a ticker on, just to be informed).

Then there are people around here that have their Bitcoin since it was 10$, 1200$, 250$, 2500$ ... that are still on profit.


What I want to tell: maybe you are well intended, but don't generalize. Imho your "use case" doesn't fit such a big percent of bitcoiners.

[vypzilla]

The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none.

Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.

Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.

people have different reasons for being here.

Thanks for your opinion. Just curious to what reasons why people are here. Would you compare cryptocurrencies bitcoin in particular, to religion or a cult? Do these people you talk of see bitcoin as a god like figure? in Satoshi we trust. I think it was 2017, I genuinely questioned my sanity towards crypto's. I taught myself everything and spent all my spare time learning. Are we being brainwashed.

THE ONLY REASON PEOPLE ARE HERE, IS TO BECOME RICH. Name me just one other reason.

[nicster551]

The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none.

Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.

Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.

It is so obvious that they want to earn money because they got here just for that. And I also know that many people will be dumb about it and would invest carelessly.

[Isiaka208]

I thought in the end you will advise people to dump bitcoin and move to stocks. Life in itself is a game,  to be successful, you need to make some journeys of risk. People have taken the risk by investing,  yeah and what do they want in return? Gains/profit. I think you should be happy for being amongst the early adopters of the blockchain, that in itself is a plus. Although I disagree that it could be outlawed and crash to zero,  I don't see that happening for any reason.

[vypzilla]

Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.

Maybe you missed something: not everybody here bought Bitcoin. Some people here implement things related to Bitcoin (and other crypto). Some people have businesses related to crypto. Some trade. And so on. People do earn crypto in this ecosystem. It's not all about investing.

Yes, probably a good number of people which earned crypto kept some or all of it as investment. Yes, probably those are also vulnerable to "end up going crazy" as much as some that didn't use their brain when investing (FOMO, buy high sell low, ...). But also people working with Bitcoin will know the price all the time (myself I have 75% of the online time a ticker on, just to be informed).

Then there are people around here that have their Bitcoin since it was 10$, 1200$, 250$, 2500$ ... that are still on profit.


What I want to tell: maybe you are well intended, but don't generalize. Imho your "use case" doesn't fit such a big percent of bitcoiners.

Maybe i don't belong on this forum because you guys are on another planet. EVERYBODY here has bought into bitcoin,FACT. In the philosophical sense. But that a side, Miners have bought rigs and dev's spend there time on crypto. Time is the most valuable commodity. Businesses related to crypto, you mean scammers right lol Traders technically own what they are trading (i'll let that slide) you could argue the exchanges technically own whats on there platform right lol.

The people who are still here since $10, etc are rich in the global term of the word rich. Maybe not in the western version of the word, but even then its still debatable.

Seriously, I want to walk in my local store and buy a loaf of bread in BTC. I want to send instant payments with lightning network and respect to all the dev's that are working there butts off. But the MAJORITY of bitcoiners are in it for the money and theres nothing wrong with that what so ever. Just quit the bitcoin snobbery.

PEACE.