All of you Bitcoin Hodlers are mentally ill - *Must Read!

[Charles Norwood]

There's nothing tangible with bitcoin. Nothing!!  It's deflationary. You throw your hard earned fiat dollars at it dreaming of Lambos and mass adoption that will never happen. You can't pay your bills or rent with bitcoin. And dont send me links to bitpay or any of those Insolvent 3rd party vendors. They won't even open their books and are losing a fortune supposedly. The entire bitcoin space is based on a Ponzi scheme. Bitcoin dies without new bag hodlers to pay out the older bag hodlers. Sorry if the truth hurts your feelings.

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[CryptoBry]

I'm sorry, but you HODL'ers are mentally ill and are going to get crushed when bitcoin collapses in the coming recession. Bitcoin is going to get dumped fast as people need money to pay bills and survive. If you bought bitcoin early and already cashed out with gains, you are a wise investor and have my respect. If you're still hodling, your finances and reputation are on the line here. A reputation with your friends and family you can never get back. Don't risk it. Dump your bitcoin now before it wipes you out!

I would generously agree with you that for sure Bitcoin holders can be mentally ill, thankfully there can be no enough medical facilities to house us if we are going to be diagnosed as such and if the government will decide that all mentally-ill Bitcoin holders will be transported to the government-mandated facilities somewhere. Now, having said that, it would be our consolation that many of the people who changed history and who change the whole game were also accused of being crazy. So in case you want to be a part of the history and be pushing for something that can make all people of the global go crazy, then be a part of the mentally-ill Bitcoin club.

[maxreish]

Here's what I think why it seems you misunderstood the essense of cryptocurrency.
First of all, it wasn't created as stable coin. That makes bitcoin special because it is volatile.
Second, we are not in a hurry for mass adoption. People are started to learn about bitcoin, started to become curious, started to use and patronize it. From that, I believe it is a first step for adoption.
Third, being greed and other emotions you have mentioned is part of us. It isn't considered as mentally ill. I mean your point of view is so pessimistic and opposite from what we believe here.

[cutesgirl]

I don't really understand the reason why you are complaining against those people who's holding their bitcoin, do you really think they will give so much attention to your opinion? and in fact you are not the one who's going to lose everything if that happens so why do you care? why don't you just let them do what they want because it is their choice and you can't do anything about it. If they had some mistakes on doing decision then it is their fault and they have to suffer the consequences of their actions, I know that despite of unpredictable price bitcoin is still capable on giving us the benefits and opportunities that we deserve.

I agree with many people keep holding their bitcoin or altcoin assets because have chance at next time on higher price, many investor keep trust with bitcoin and altcoin back to higher although with not support condition where bitcoin and altcoin keep on lower price, I think better keep hold your bitcoin and altcoin assets without care what people said and they want to make you give up to sell bitcoin and altcoin with lower price.

[alisonwonder]

There's nothing tangible with bitcoin. Nothing!!  It's deflationary. You throw your hard earned fiat dollars at it dreaming of Lambos and mass adoption that will never happen. You can't pay your bills or rent with bitcoin. And dont send me links to bitpay or any of those Insolvent 3rd party vendors. They won't even open their books and are losing a fortune supposedly. The entire bitcoin space is based on a Ponzi scheme. Bitcoin dies without new bag hodlers to pay out the older bag hodlers. Sorry if the truth hurts your feelings.

whatever it is I don't care, I still believe in bitcoin so far, I can still make a lot of money from bitcoin, so what worries me. about risk of course I'm ready for it. we will see next year what when bitcoin can really go to the moon again.

[jake zyrus]

And you think you're not?? Coming here, making effort creating an account just to say this??

[Beparanf]

And you think you're not?? Coming here, making effort creating an account just to say this??

Probably to create some FUD and whether he'll be able to convince some so he can buy back BTC at lower price. This post may trigger some newbies and believes him, but nonetheless it will be based in our decision whether to sell or hold and not just because someone told us were ill. I'm still holding some BTC and I'm proud to wait, while I'm trading some alts. It will all depends on how we can manage to still earn even the market sometimes not in favor with us.

[tsaroz]

No we aren't. And my latest realization has given me insights that hodling is the best strategy. Looking at the price of bitcoin now and again would make you unsatisfied. You may look at it and say the price has crashed from last week but if you look at the long term, the price is still a larger than the average price of bitcoin this year. And much more higher than last. If you keep on hodling, you'll surely get a good profit one day. Just stop calculating your profit or loss everyday. You'll have no profit or loss unless you sell.

[suzanne5223]

This entire bitcoin space breeds greed, envy, fear, and lust. All you of hodling bitcoin are mentally ill. You have been conned into thinking bitcoin is going to the moon. It's not. Charts show bitcoin is slowly bleeding to death. Bitcoin is no different than Bernie Madoff's Ponzi scheme where new bag holders are needed to pay off the earlier investors.

I believe the OP is the one who dont understand the what bitcoin is and the reason why crypto currency was implemented in the first place. However, chart are for making predictions and everybody in the cryptosphere knew that predictions are not always right.

Bitcoin is no different than Bernie Madoff's Ponzi scheme where new bag holders are needed to pay off the earlier investors.

Bitcoin is totally different and is not a Ponzi scheme not to mention the Bernie Madoff scenario. However, both new and earlier investors are making profit if have the require knowledge to invest profitably.

Mass adoption of bitcoin will never occur. Sorry! The price is far too unstable to be used as a form of payment. Businesses would get crushed if they took bitcoin as a payment due to the wild price fluctuations. Then you have to worry about the IRS on your ass to pay taxes. Is hodling worth the stress? Absolutely not. That's why women laugh at bitcoin and think it's a scam. Notice the crypto space is all dudes?

Then you have been blind by the volatility in nature of the market and Pompliano once said crypto is not for human which only the genius will understand the true concept of crypto.
With that been said, the last i checked the rules and regulation about crypto tax depend on country of reside and there are some countries crypto traders and investors are not paying tax.

Say what you will about the US dollar, but it's still backed by a democracy and the most powerful military in human history. Accepted everywhere. Bitcoin is backed by absolutely nothing. Gold is backed by 5000 years of history of holding value, and is recognized worldwide. Women love gold. It's beautiful and tangible. A real asset worth owning.

You're right but bitcoin is backed with love, honesty and true patriotism which was what connected people from different region around the world that the reason why the government was unable to break bitcoin. Mind you, the government never truly had that buddy.

I'm sorry, but you HODL'ers are mentally ill and are going to get crushed when bitcoin collapses in the coming recession. Bitcoin is going to get dumped fast as people need money to pay bills and survive. If you bought bitcoin early and already cashed out with gains, you are a wise investor and have my respect. If you're still hodling, your finances and reputation are on the line here. A reputation with your friends and family you can never get back.

Yes cause the profit we earn through bitcoin is mostly ridiculous  

Don't risk it. Dump your bitcoin now before it wipes you out!

Every individuals in this forum are not kids and they are aware of the risk involved in crypto investment.

[darkangel11]

There's nothing tangible with bitcoin. Nothing!!  It's deflationary. You throw your hard earned fiat dollars at it dreaming of Lambos and mass adoption that will never happen. You can't pay your bills or rent with bitcoin. And dont send me links to bitpay or any of those Insolvent 3rd party vendors. They won't even open their books and are losing a fortune supposedly. The entire bitcoin space is based on a Ponzi scheme. Bitcoin dies without new bag hodlers to pay out the older bag hodlers. Sorry if the truth hurts your feelings.

Let's talk OP, because you clearly have some issues. Did you invest and lost money?

I'll tell you my story in short. I got interested in this as a form of hedging against my government and banks snooping into my account and having the ability to freeze my assets. I needed something that wouldn't get blocked so I bought some Bitcoin in 2013. I'm a stubborn guy so when it was going down I held and when it was going up I kept selling a bit from the top to have some fun with it. So I had like 30 BTC at first, sold some in the GOX bubble, then held all the way down through 2014, 15 and 16 buying a little bit every time it broke the support and went down. I sold some again when we broke 3k USD and then again when we broke 10k and 18k to celebrate how good it all went for me. Then held the rest all the way down.

I told myself I'd never sell below 10k again and so I am holding. Even if I go down with the ship it's been one hell of a ride.

I don't think I'm a bag holder. I see the value and the potential in Bitcoin and it's serving my main purpose which is holding value and being safe. The profits are a nice addition to all of it. My BTC would have to go back to $500 for me to be holding a bag, but even then my realized profit would be 100 times higher than my investment in 2013.
My bank is offering 2% a year, a real estate investment 5%... Compare it and tell me I was wrong to choose Bitcoin.

[target]

Op either lost all his money because he bought at ATH and sold while the price is $3k or just wanted to buy at $4500 this time if his fud works that it will drop that low. This sort of posts doesn't work anymore, it could have been working when the price was still less than a dollar. For a coin to have a price of more than a $5k, you gotta think what's into it. You may wanna read BTC's whitepaper again, if its still not clearer enough.

[Betwrong]

Charts show bitcoin is slowly bleeding to death. Bitcoin is no different than Bernie Madoff's Ponzi scheme where new bag holders are needed to pay off the earlier investors.

Without going into technical details, we can say that the apparent difference between Bitcoin and Ponzi schemes is that when a Ponzi scheme dies it dies completely with zero chances of recovering, while Bitcoin "died" many times in the past, and yet it's doing well right now.

Gold is backed by 5000 years of history of holding value, and is recognized worldwide. Women love gold. It's beautiful and tangible. A real asset worth owning.

Yeah, but why it's price is 20% down since 2011 then?

I'm sorry, but you HODL'ers are mentally ill and are going to get crushed when bitcoin collapses in the coming recession. Bitcoin is going to get dumped fast as people need money to pay bills and survive.

Where's the logic? Since most people are holding gold, shouldn't its price collapse faster than Bitcoin's, because it's gold, not Bitcoin, is what most people are going to dump during recession?

[Slow death]

Say what you will about the US dollar, but it's still backed by a democracy and the most powerful military in human history. Accepted everywhere. Bitcoin is backed by absolutely nothing. Gold is backed by 5000 years of history of holding value, and is recognized worldwide. Women love gold. It's beautiful and tangible. A real asset worth owning.

You are making a very unequal comparison, the American dollar has many years of existence. Gold has many years of existence. Bitcoin is very recent, still in a regulation phase, still lacks a lot of maturity on the part of people who like to pump and dump. Make your comparison 50 years from now when bitcoin is legal in every country in the world and when bitcoin has a big capitalization market.

You can't pay your bills or rent with bitcoin.

Bitcoin is not yet legalized in most countries of the world, how do you expect it to be used to pay bills? It is necessary to be calm and patient that in a few years we will see bitcoin being used as a payment method worldwide. when the market is very large and regulated, I believe this high volatility will be reduced

[lionheart78]

There's nothing tangible with bitcoin. Nothing!!  It's deflationary. You throw your hard earned fiat dollars at it dreaming of Lambos and mass adoption that will never happen. You can't pay your bills or rent with bitcoin. And dont send me links to bitpay or any of those Insolvent 3rd party vendors. They won't even open their books and are losing a fortune supposedly. The entire bitcoin space is based on a Ponzi scheme. Bitcoin dies without new bag hodlers to pay out the older bag hodlers. Sorry if the truth hurts your feelings.

Who said Bitcoin is tangible?  It is obvious since its a program.  I do not know what are you trying to tell us here but it seems you lost big time on this cryptocurrency.  Why not leave this forum and let those people who believe in Bitcoin do what they wanted to do.  And about bill payment at least there are 3rd party processors who deal with payment of bills.  Why not send them emails and tell them what you're ranting here.  

[Boakse]

Norwood you are spot on!

Don't listen to all the Legendsters here, they are ALL PAID TO KEEP YOU IN!!

No, I am not a Bitcoin hater... I paid off my house with BTC, have a nice car paid by BTC and am searching for a second house right now, what
is going to be paid with BTC.
Also have some good extra crypto left for the -To The MOON- rise, if it will ever come

The magic pink Unicorn you think Satoshi is, has damaged allmost every brain here in the community.
If you are unwilling to see who and what S.N. is then you are stuck and cannot see the real threat BTC is.

BTC will become the -master product- for the new banking industry, after the big crash.
And NO it will not work how you think! BIG BOYS own the BTC, allready for a long time and will never let them go.
Add some extra Stable Shit coins on the front side and they can do all transaction without ever losing a single BTC!
And the masses can pay with their worthless shit stablecoins, while using uncrackable BTC technics on the back side.
(Now you know why Ligntning was needed on the BTC chain)
 
You really think the 60% who owns the most BTC are people like you and me?
Nope, all institutions and big parties.

The story about S.N. and the Cipherpunks and other bullcrap was to MAKE YOU ALL, TO FALL for BTC and to excite you.
You really think it is coincidence that almost all BTC lovers, hate the current banking industry? The way money was made?
And now this select group of people was USED to make the biggest Blockchain in the world?
So big, that even using all normal PC power on earth cannot -break- Bitcoin?

The PC industry did do 40+ years to come to 7nm. BTC did it in just 10 years! Coincidence? NO!
That is the REAL BIG money, poured in at the backside!

Blockchain and Bitcoin will be used as ultimate NWO tool, to enslave the whole human race.
It is not here to help humanity!

I sold some of my coins, to make sure "I have something" instead of just daily checking the screen of my laptop and "think" I am rich!

Believe me, if you hold on to long, -they- will make sure the exit door keeps closed

AWAKE, before this BTC dream will get a hold on you!!

[Eclipse26]

First, greed, envy, fear, and lust are not because of bitcoin! It's always a part of human nature because we're sinners.
Second, we're not mentally ill. Doesn't mean we believe into something you don't agree, makes us mentally ill.
Third, gender is not an issue here. So what, if there are more guys in crypto? They're just not interested with these things.
Fourth, yes a real asset is worth owning, same goes for crypto. anything who have value is worth owning.
Fifth, I personally believe that fiat, crypto, and gold can function together so you don't have to compare the three because all of them are valuable.

Honestly, you're the one spreading fud here. If you don't believe in bitcoin, you're free to leave.... You sound so tough but you\ve just shown that you're afraid of risk.

[xvids]

And despite all this, you still come to Bitcointalk to talk about Bitcoin! Why on earth would you register on any specialized forum just to post you don't like that forum? Only people with an agenda do that, so I have a message for you: There's no stopping Bitcoin, no matter how many anti-Bitcoin-shills you send here!

I think OP is one of those who have high hopes on crypto or those who thinks Bitcoin is a quick way to be rich but reality hits them so hard, And lose so much from their investment.
And also how could you call all of the Bitcoin holders mentally ill if some of them are even making a big amount of money compare to other people who works 8-12 hours a day.

[coolcoinz]

Norwood you are spot on!

Don't listen to all the Legendsters here, they are ALL PAID TO KEEP YOU IN!!

Oh yes, we are all paid because to brainwash you. We sit here in our comfy office spaces surrounded by hundreds of other trolls like us making up stories of decentralization and freedom, just to make sure a newbie puts his piggy bank savings in from time to time. Don't forget, we need your fiat, every dollar counts, even if it's a dolar from Zimbabwe.

The PC industry did do 40+ years to come to 7nm. BTC did it in just 10 years! Coincidence? NO!
That is the REAL BIG money, poured in at the backside!

It's much harder to create and improve the first design than change the application of the existing design.
It can take much more than 40 years to create a chip out of nothing when you don't even have a machine that can assemble it.
They already had companies producing chips for the mainstream industry. All the assembly lines working, that just needed to be reprogrammed to make mining asic chips instead of the ones you have in your graphics card.

When people are too close minded to understand something they always come up with those conspiracy theories to feel better about their own stupidity.

-It's not my fault! It was the higher power! Those rich people, the Jews, the masons, the CIA, they made it to control us.

[makolz26]

And despite all this, you still come to Bitcointalk to talk about Bitcoin! Why on earth would you register on any specialized forum just to post you don't like that forum? Only people with an agenda do that, so I have a message for you: There's no stopping Bitcoin, no matter how many anti-Bitcoin-shills you send here!

I think OP is one of those who have high hopes on crypto or those who thinks Bitcoin is a quick way to be rich but reality hits them so hard, And lose so much from their investment.
And also how could you call all of the Bitcoin holders mentally ill if some of them are even making a big amount of money compare to other people who works 8-12 hours a day.

That's for sure, he think that he can make a quick money or Bitcoin can make him rich in just a month or less than a year and that the price will become $50k this year, maybe he's aiming for that, before we enter cryptocurrency investment, it is very important that we will be mentally ready, we should make sure that we have enough confidence of what we are doing and not because we've red that there are lots of people who becomes instant millionaire then it will happen to us too, we should hope for the best and be ready for the worst.

[posi]

And despite all this, you still come to Bitcointalk to talk about Bitcoin! Why on earth would you register on any specialized forum just to post you don't like that forum? Only people with an agenda do that, so I have a message for you: There's no stopping Bitcoin, no matter how many anti-Bitcoin-shills you send here!

As you have said, "only people with an agenda does that" the OP is goals was to cause FUD which is the reason why he used the name "Charles Norwood" (the man who's military and politician) as his forum name and he used "Peter Schiff" (a satock broker and chief global strategist of Euro Pacific Capital who once said bitcoin is useless ) as his YouTube name.