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Author Topic: This is why I am so frustrated with bitcoin  (Read 9243 times)
Moiyah
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August 01, 2019, 01:35:30 AM
 #161

It was a lesson learned from nown on, OP. Altcoins doesn't have a problem if well managed and well traded. But greed will always messed up trades and we should know that for sire now that you lost a lot of money. Especially when you chose new released coin and not potential coin.
bryant.coleman
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August 01, 2019, 03:13:09 AM
 #162

Many altcoins holders now are really frustrated and i really feel there loss, but i think bitcoin will continue to be stronger and many altcoins will crashed, that's why many investor are choosing to put there money on bitcoin over altcoins now.

I still don't understand why people invested so much on the alts. In the world of crypto-currency, there is no room for 100,000 different coins. At the most, 100 or 200 may survive for the long term. The problem when we have so many different altcoins is that even if a project is good, it gets drowned out among thousands of other crap projects. And what surprises me the most is the resilience from the investors, who continue to pour down their hard earned money in to these shitcoins again and again, despite incurring crippling losses everytime they do so.

In the end, people would always ignore the copycats unless the latter could prove that they are substantially better than the original product. In case of altcoins, this hasn't happened. They are not superior to the original product (Bitcoin) and most of them were created just to fatten the pockets of the promoters.
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August 01, 2019, 03:34:43 AM
 #163

Yes. Since bitcoin right now is more profitable than altcoins then better put more capital on bitcoin and see how your money grows. Do not focus more on altcoins because it will just make you frustrated even more. Instead learn to diversify your investments.
Okey, Let's we focusing on the right track bitcoin. I still love bitcoin ever have and love too altcoin so much, i will focusing that both, bitcoin and altcoin. so, this fact i bought Bitcoin on 6 month ago, still hold right now. then 5 month ago i bought some altcoin, step by step still buying right now.
imstillthebest
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August 01, 2019, 06:41:12 AM
 #164

Yes. Since bitcoin right now is more profitable than altcoins then better put more capital on bitcoin and see how your money grows. Do not focus more on altcoins because it will just make you frustrated even more. Instead learn to diversify your investments.
Okey, Let's we focusing on the right track bitcoin. I still love bitcoin ever have and love too altcoin so much, i will focusing that both, bitcoin and altcoin. so, this fact i bought Bitcoin on 6 month ago, still hold right now. then 5 month ago i bought some altcoin, step by step still buying right now.


Your strategy is okay  . i dont find anything wrong in alts as long as you are buying potential alts and not just those hype alts that we are seeing today  . bitcoin on the otherhand is also a good addition or better if you can prioritize it and make it as your main investment . frustration is there due to the market changes and other factors but we shouldnt be affected with it because this will only kill our goals
Janation
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August 01, 2019, 09:30:26 AM
 #165

I have been crying  Cry for real today, the pain of holding an altcoin while bitcoin is crushing it just got a bit much for me to handle today. Hope for a better day tomorrow.  Sad

That is how Bitcoin hits, really sad though.

I know this happened to a lot of investors and traders but the best thing now is to wait, to be patient, to stay calm since you might make a not so good decision that will affect you in the future and also your future in investing and trading. You should be used by it since that will not be the first time you will be experiencing that, keep on holding.
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August 01, 2019, 01:21:03 PM
 #166

Please as an altcoin investor, please stop hurting us, this is so damn cruel.
You hurt yourself when you believe you can make quick money from altcoins/icos, most altcoin investors lack the patience and knowledge required to invest in the bitcoin, thus they look for escape routes in the altcoins, but you're quick to forget that clearly almost of them lack value,stability,usecase etc, the bitcoin would always remain miles ahead of any other cryptocurrency.

Rather than whine and whine, I'll advice you sell your altcoins and use them to purchase bitcoins, sounds better to me.

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Johnzky
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August 01, 2019, 01:34:18 PM
 #167

I think that upset anybody.  Because the cryptocurrency market has always been and will be changeable.  And this should not get hung up.  It is always necessary to adapt to the market and never will be vice versa.
Market will always favor Bitcoin whatever it my cost because more than half of he community i#investing in this rank number 1 coin and only few amount allotted in altcoins so if Op is hurting because of Bitcoin bullrun this is he’s choice since he can just have diversified his folio and put some amount to bitcoin so if alt paused from pumping still bitcoin will do.
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August 01, 2019, 01:47:23 PM
 #168

I think its time to wait if altcoins you are holding has good project background. Currently most of the crypto hunters are behind BTC and they should be as this is the most dominating cryptocurrency but stagnancy is always there, one day investment in BTC will become stagnant, people will start pulling money from BTC and will start investing into altcoins.I believe growth in altcoins will be much much more as compared to BTC. So I suggest you to keep holding your altcoins and wait for the right time.

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August 01, 2019, 03:20:59 PM
 #169

Do not respond too hard to the answers from other traders, you must always be flexible with their answers, because crypto and how the market works is actually very dynamic. It would be wrong if you respond too according to what they say. It's flexible enough to deal with the market, if you feel dumped too deep, you can take it off as long as it can still secure your total assets.

The only thing is you need to be careful if Bitcoin is going up or even down.

guydin
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August 02, 2019, 08:18:30 PM
 #170

Many altcoins holders now are really frustrated and i really feel there loss, but i think bitcoin will continue to be stronger and many altcoins will crashed, that's why many investor are choosing to put there money on bitcoin over altcoins now.

I still don't understand why people invested so much on the alts. In the world of crypto-currency, there is no room for 100,000 different coins. At the most, 100 or 200 may survive for the long term. The problem when we have so many different altcoins is that even if a project is good, it gets drowned out among thousands of other crap projects. And what surprises me the most is the resilience from the investors, who continue to pour down their hard earned money in to these shitcoins again and again, despite incurring crippling losses everytime they do so.

In the end, people would always ignore the copycats unless the latter could prove that they are substantially better than the original product. In case of altcoins, this hasn't happened. They are not superior to the original product (Bitcoin) and most of them were created just to fatten the pockets of the promoters.

Many of them are aware of the fact that most tokens will die. They simply want to take risks and invest in pump and dump coins to be those smart guys, who would manage to get rid of their shitcoins before they fall and touch the bottom. I do not gamble with this stuff. Bitcoin investments seem to be the most promising ones, and I buy BTC and several trusted alts.

bryant.coleman
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August 04, 2019, 11:05:26 AM
 #171

Many altcoins holders now are really frustrated and i really feel there loss, but i think bitcoin will continue to be stronger and many altcoins will crashed, that's why many investor are choosing to put there money on bitcoin over altcoins now.

I still don't understand why people invested so much on the alts. In the world of crypto-currency, there is no room for 100,000 different coins. At the most, 100 or 200 may survive for the long term. The problem when we have so many different altcoins is that even if a project is good, it gets drowned out among thousands of other crap projects. And what surprises me the most is the resilience from the investors, who continue to pour down their hard earned money in to these shitcoins again and again, despite incurring crippling losses everytime they do so.

In the end, people would always ignore the copycats unless the latter could prove that they are substantially better than the original product. In case of altcoins, this hasn't happened. They are not superior to the original product (Bitcoin) and most of them were created just to fatten the pockets of the promoters.

Many of them are aware of the fact that most tokens will die. They simply want to take risks and invest in pump and dump coins to be those smart guys, who would manage to get rid of their shitcoins before they fall and touch the bottom. I do not gamble with this stuff. Bitcoin investments seem to be the most promising ones, and I buy BTC and several trusted alts.

Investing in pump and dump coins can be a very risky option. Because the chances are that you are very likely to invest in a token, when the pump is going on. Before the pump, the coin will be most likely remain virtually unknown, being traded in just one or two small exchanges. Only when the pump starts, it will gain attention from the mainstream investors.

Your luck may depend on the duration of the pump. In case it lasts for a few weeks, then you may get enough maneuvering capability to get rid of them at a decent rate. But in most cases, the dump starts within a few days and anyone having the tokens in his wallet is likely to incur losses. For the past 7 years, I have never invested in pump and dump coins. Somehow, it doesn't suit my style of investing.
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August 04, 2019, 11:40:11 AM
 #172

Hst again ?  Are you one of those guys that spams hst coin on this forum ?and your only making an excuse but i cant accept the fact that you are using bitcoins name . 

And If you are really an altcoin investor and your coins got dumped , why you are blaming bitcoin ?  Btc has nothing to do with it  . you should blame yourself because you chose the wrong coin
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August 04, 2019, 12:09:00 PM
 #173

It has become clearly evident that bitcoin will dominate the world as the global number 1 cryptocurrency, that's is OK with me.
BUT...
what I am finding really frustrating is all the retail, and institutional money that will only ever flow into bitcoin and will never, ever touch any altcoins.
Sure bitcoin is the master, the supreme, the original crypto, but for gods sake, its now the only cryptocurrency.
Surely out of the 2000+ altcoins, some of these will be almost as powerful as bitcoin.

The altcoins have been smashed of late, purely by the greed of bitcoin, sucking up the global fiat money.

Every altcoin has been sold off and money shoveled into bitcoin.  WHEN IS THE PAIN GOING TO STOP!

I have lost so much money on my altcoin HST decision token, purely based on the greed of bitcoin.

Please as an altcoin investor, please stop hurting us, this is so damn cruel.

Dude,why are posting so much about this HST decision token?Are you promoting it?
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August 04, 2019, 12:31:49 PM
 #174

I'm trying no to be frustrated on any market, when I'm earning money.
Diversification of earning cash is really important, to NOT to have frustration and headache.
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August 04, 2019, 03:26:19 PM
 #175

I'm trying no to be frustrated on any market, when I'm earning money.
Diversification of earning cash is really important, to NOT to have frustration and headache.
Diversification is big help to reduce lot of loses for investment. You have to focus and learn the market, how to be calm yourself. Frustration will make you down and make worst decision. There are some altcoins that has potential to grow aside from bitcoin, it just a matter of time and how it change on the market to gain profit.

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August 04, 2019, 10:45:16 PM
 #176

You must know cryptocurrency very well so nothing surprises you in cryptocurrency. I'll advise you not to be frustrated with bitcoin. Take it as its the nature of bitcoin.
He doesnt know what he is doing and chooses a wrong coin that made him frustrated with bitcoin. Crypto has a risks when investing it is best to know and understand how crypto works.
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August 04, 2019, 10:51:12 PM
 #177

Hst again ?  Are you one of those guys that spams hst coin on this forum ?and your only making an excuse but i cant accept the fact that you are using bitcoins name . 

And If you are really an altcoin investor and your coins got dumped , why you are blaming bitcoin ?  Btc has nothing to do with it  . you should blame yourself because you chose the wrong coin
He’s still the one who keeps on posting about HST, anyway this kind of scenario can only happen if you are holding shitcoins over bitcoin. I will never follow this kind of advertising because bitcoin is the best compare it to any shitcoins. Newbies should not go all in with any altcoins, always have bitcoin.

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August 04, 2019, 11:44:07 PM
 #178

Trading requires knowledge. From starting to read charts and predicting every possibility that can happen. The reason many investors leave Altcoins and switch to Bitcoin, is because Bitcoin is a safe point for crypto investments. I am not saying that Altcoins is not safe. Lots of potential for Altcoins which has a utility. But the rest is only shitcoin.

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bryant.coleman
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August 05, 2019, 03:11:49 AM
 #179

Hst again ?  Are you one of those guys that spams hst coin on this forum ?and your only making an excuse but i cant accept the fact that you are using bitcoins name . 

And If you are really an altcoin investor and your coins got dumped , why you are blaming bitcoin ?  Btc has nothing to do with it  . you should blame yourself because you chose the wrong coin

This guy had created more than two dozen different threads in at least 5-6 different sections of this forum to promote his shitcoin (HST token). But it is of no use. The price of his token has fallen from 1,900 Satoshis to 320 Satoshis in just three months time. His experience should act as a lesson for everyone investing in these worthless shitcoins. Unless the cryptocurrency has a unique purpose or usage, it will not survive in the long-term. Unfortunately, only 1% or at the most 2% of all the altcoins in circulation has something unique about them, to guarantee the long-term survival.

One thing I have noticed about the OP is that he has been constantly blaming Bitcoin for his losses. Now this is laughable. Shitcoins such as HST token make use of the hype and user base created by Bitcoin, to carve out some space for themselves. They are like parasites which destroy the host from within. And when something goes wrong and the prices crash, the blame is all on Bitcoin.
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August 05, 2019, 03:12:53 AM
 #180

That's why you should choose bitcoin over any altcoin out there, your sentiments won't do anything good but better act accordingly on how the market works. It's not too late to get into bitcoin but if you are patient enough and still choose altcoins then just wait for the altcoin season to get profit.

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