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Author Topic: This is why I am so frustrated with bitcoin  (Read 9242 times)
sixtyonefourfive (OP)
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June 30, 2019, 10:04:15 AM
 #21

Then how do you suppose that I recover my losses in my chosen altcoin, HST decision token, when bitcoin keeps stealing from the altcoins.  Its effectively stolen money from the accounts of millions of investors over the past month in over 2000+ altcoins. Please tell me how to recover my losses?Huh
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June 30, 2019, 10:05:08 AM
 #22

Why should people care about Alt coins, if Bitcoin is doing a excellent job for more than 10 years now? Most Alt coin <Shitcoins> exist purely because it was developed for speculations and it had no use case at all. It is just natural that people would be selling their Alt coins before a major push to buy more bitcoins, because they get more profit from a Bull market Bitcoin than a poor performing Alt coin with no use.  Tongue

In any way, with every spike in the Bitcoin price, the opportunity presents it self to buy most of these Alt coins for a bargain, because everyone is dumping them.  Grin

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June 30, 2019, 10:11:33 AM
 #23

Man, it's normal when BTC starts to rise, another alts will not rise as much as BTC, but all altcoins are rising in fiat value, and for me I see all in green, look ETH for example, it's rising in value to
I saw a lot of people spamming about this coin hst, so stop this nobody cares about a coin if you guys post this way
If you really believe in a coin and want to spread to another people, do it the right way, make a text explaining all the benefits, what's the purpose of the coin, why investing in it etc

If you make a bad decision, sell, accept you loss and move on, buy a good coin and hold

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June 30, 2019, 10:17:50 AM
 #24

It's time to wake up and realize that altcoins are shit, they don't have any value because anyone can copy others code, they only raised in the past because people were experimenting, and speculators were fueling rallies. Now the experiment is over, no one is seriously using "blockchain technology", no one is using tokens. If some brilliant programmers want to create a better cryptocurrency, they don't need millions in funding via ICO's, being early miner should be enough of a reward. It's time to stop being altcoin investors and switch to being Bitcoin investor, this is where the wind is blowing now.

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June 30, 2019, 10:20:14 AM
 #25

Sorry, I really try not to be too rude most of the time, but this topic is just plain ridiculous.

First of all, do you really think that begging for people to start investing more in altcoins, will actually make that happen?

Second, there have been billions of dollars invested into various altcoins, but you can't ignore that most of it has been a huge bubble in the past.
The absolute majority of coins out there can't put forward any decent looking usage statistics, especially compared to traditional similar services.

That makes their valuation completely wrong, even at this point.

Invest in the projects you like, but don't go thinking that the world owes you anything...

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June 30, 2019, 10:34:13 AM
 #26

Then how do you suppose that I recover my losses in my chosen altcoin, HST decision token, when bitcoin keeps stealing from the altcoins.  Its effectively stolen money from the accounts of millions of investors over the past month in over 2000+ altcoins. Please tell me how to recover my losses?Huh
Nothing was stolen from anyone. You lost your investment fair and square. If you can't accept responsibility for your own decisions, you should avoid trading in highly speculative markets and stick to horses or roulette, where the odds are slightly less unfavourable.

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June 30, 2019, 11:11:24 AM
 #27

sixtyonefourfive, you probably still hold that tokens? In that case you just lost value on that coins, but that does not mean that one day the price of that token will not grow again up to level where you invest, or even above that.

Based on Coinmarketcap, this token is have his best days in January 2018 with price around $5, and since then has a continuous decline. Today's value of that coin is only $0.05, almost same as at the beginning of this year.

Investing in any cryptocurrency is always risky, but some random altcoin has a far greater risk than investment in bitcoin or some of top altcoins. I hope you will learn something from this, invest only what you can afford to lose.

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June 30, 2019, 11:17:30 AM
 #28

Dude, if you can't stop being too emotional then you should quit trading.

Market is where people make money, you can't expect anyone to be happy. One man profits == one man loss, vice versa.

Bitcoin dominance is too great atm, which is why alts got crushed easily. But when it goes sideway, most of the time, alts will rally like hell.

Use your brain and do your own strategy.

I agree, whether we like it or not altcoins come and go that part of the reality of trading so if you want to trade or invest in altcoins make sure you choose the right ones. But if you think altcoins aren't giving you any good then why not invest in bitcoin instead since bitcoin. In bitcoin, you can guarantee success but there can also be a time bitcoin will go down at times so you have to be prepared as well.

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June 30, 2019, 11:39:36 AM
 #29

Please as an altcoin investor, please stop hurting us, this is so damn cruel.
As an altcoin investor, it is your own greed that is hurting you, not anyone else's. Consider: out of these 2000+ altcoins, how many are substantially innovative in any way, or are sufficiently superior to Bitcoin to overcome its first-mover advantage? Since the brutally honest answer appears to be "none", why would you think "investing" in these coins is a good idea that will lead anywhere but ruin? Ethereum tokens are an especially sad case, being failed projects built inside of another failed project, like a Matryoshka doll of failure.

As we all know that when bitcoin pumps, the altcoins will bleed because people will sell their altcoins and try to buy the bitcoins so that they do not miss out on btc profits. Another reason for altcoin dump in this scenario is that a lot of people have set stop loss in altcoins and when prices dump many stop-losses get triggers automatically making more dump in alts.
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June 30, 2019, 11:51:10 AM
 #30

Before investing in alts you should have made your research to know if alts have fast growth in price as btc, then put your money were you feel more comfortable or were you can have quick growth, blame your self for the decision you made, beside, i disagree with you saying alts won't have such investors, can you tell me which alts is as old as btc? time will come when some of the alts that really have great idea behind them gain adoption because people use them for one service or another, it can't always be btc forever.

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June 30, 2019, 12:27:58 PM
 #31

One unpopular opinion out of many i have is that alt coins shouldn't exists, one guy in the forums used to say that they are child's play, maybe that is accurate.

The thing is simple, they have all the right to exist, everyone can create one. After that you are on your own my friend, complaining won't fix anything. In fact, normally the ones releasing new coins do it out of greed. It might hurt the investors of that coin that for the ones at the top it's always profit if they are smart enough.

That is the raw truth.
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June 30, 2019, 12:34:59 PM
 #32

At first place, Bitcoin is the most popular cryptocurrency and most trusted so you can't blame the investors to invest most of their money into it.

As an investor in crypto, you should know that a huge percentage of your capital must go to Bitcoin unless you want to invest more in altcoins.  The problem is not with Bitcoin or altcoins. Its on you who are not patient enough and now posting useless thread here. Before investing, be ready with the risks you may face.

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June 30, 2019, 12:43:34 PM
 #33

I still think the Proof of Work for BTC is a waste of Energy and that is the reason I never invest in BTC, I only use it to exchange for fiat.

BTC not for me (because of the environmental impact).


If you really think seriously about this then why you use fiat? The worst forecasts say that bitcoin is using up to 1% of the world's total electricity production, and the latest research shows that more than 70% comes from renewable energy sources. Where you see environmental impact in this data?

What real research shows is that bitcoin is using 0.13% (posted in article) or maybe 0.2% of the world's total electricity production.

How much energy is spent on fiat production, banks, ATMs, transport of money? And you think fiat is have less impact on the environment then bitcoin mining?

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June 30, 2019, 12:46:26 PM
 #34

Let's revisit this in a few months. Bubbles are psychology. That never changes. The psychology of alts will never change either. Enough people will always believe they're 'cheaper' when temps are high.

No doubt a ton will never return to previous valuations but some will far exceed them no matter how much of an empty piss take they are.
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June 30, 2019, 12:47:22 PM
 #35

Don't worry about it, let them dump and loss their trust on altcoins.
Bitcoin mooning is a good sign that altcoins will soon follow, if we complain hard, that's is a problem on us because we are not really a real holder.

The situation has change, the market has been in long bearish period and therefore let's allow bitcoin to recover first as its the one leading the market but always remember it's called crypto currency because it's not only bitcoin but it compose with a lot of coins.

Man, I know how it feels as you are not the one holding altcoins, but I express my frustration last year already, so I will not worry now, all I have in mind is just to believe and continue holding.

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bubislav
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June 30, 2019, 12:47:39 PM
 #36

l find your opinion very interesting, l think there is no problem with BTC. There is problem with your, during reading your post l was laughing because all of them depends on you. you want only to win but don't lost when you decide invest or something like it, you must be patient.

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June 30, 2019, 12:49:03 PM
 #37

If you decide to be an investor in altcoin, you need to know what is the risk and you need to consider to accept anything that might happen later. You cannot blame anybody for any situation that you will get in the future because that is your decision to be the investor. If you are feeling pain because you are getting lost for holding the altcoin, then you need to know that is not happening to you, but the other people have the same experience.

People decide to invest in altcoin and bitcoin after they research what the advantage and the disadvantage of investing one of them or both. Besides that, as the leader of the cryptocurrency, bitcoin will increase, and you should know that before you decide to be the investor, so you know what is good for you. So if you get lost from HST token or the other coins or tokens, then I think you need to check why you choose and invest in those coins. If you believe that the coin or token can increase in the future, then you need to accept the consequences of what you choose.

So now, I suggest you stay calm, take a break for a while from the cryptocurrency market, don't open the market if you still feel sad because that will give another sadness to you. Do another activity while you can save your coins/tokens in a separate wallet. Don't think about the cryptocurrency market for a while and enjoy your time and refresh your mind.
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June 30, 2019, 12:52:41 PM
 #38

I certainly was not greedy in my choice of altcoin, it got smashed as bitcoin rose, its just my bad luck.  The simple fact is that bitcoin needs the altcoin market as much as the altcoin market needs bitcoin.  Many people trade altcoins and make significant profits which they then buy more bitcoins and vice-versa.

So to state that over 2000+ coins are worthless when comparing to bitcoin is just outrageous.

There are 2,000 in coinmarketcap and around 20,000 that either never made it or were delisted. If you think you have good odds when you gamble like that the fault is only yours.

You gambled and lost. You don't actually invest in cryptocurrencies but gamble that the team that printed 1billion coins won't dump them on your face.
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June 30, 2019, 01:05:43 PM
 #39

Just be concerned about what happened to you about the loss experienced, but it is also not fair to determine someone to do what you think is very important. because as those who have capital, it is clear that no one wants to suffer losses, because he feels that bitcoin is indeed very profitable, so if they invest in bitcoin, nobody can ban it. now we just have to act wisely to see a good altcoin for us to hold and benefit.

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June 30, 2019, 05:27:27 PM
 #40

You cannot force wealthy investors to invest in what doesn't interest them or what they think is risky for their investments.
You should rather stop investing in coins that have nothing to offer.
I am certain if you thoroughly research the coins you are holding you will likely abandon most of them. Most are pure clones of Bitcoin and some other cryptocurrencies. They have nothing that is original and is viable.

Great projects don't beg for funding by the way



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