my story: why bitcoin has failed (and keeps failing to this day)

[blandana]

I'm about to go to bed so I can't look at responses right away but dealing with this has caused my family to become separated, my hair to fall out and has caused me and I'm sure other traders enormous amounts of stress dealing with someone or something treating bitcoin like it's a game of attention.

I thought I'd share my story and my experience of what I've had to go through dealing with bitcoin since 2013.

I bought bitcoin at near 1000 dollars or something around 2013 and then went to college and it crashed to 300 dollars (wow totally normal for the old market).

I then sold my bitcoin and didn't get any profit and then it proceeded to constantly go up after that.  I moved on like a man though because I realized I had things to learn.  Later on though I got back into it early in 2017 nearly full time.  I began to -try- to learn how to deal with the market instead of acting like it was mortal kombat.  Treating the market like a game to fight people is literally a felony if the market isn't working and everyone knows it's wrong to go a certain direction.

Ever since the spike in 2017 to $20,000 things got out of hand though.  Since July 2017 (and I've contacted the SEC,CTFC, and attorneys over this) bitcoin has been getting pushed forcefully to go higher than it needs to faster than it needs to when the market isn't there.

The problem lies in that people don't believe that there is actually a person/trader/ or exchange that was actually capable of doing something like this for this long since it costs millions of dollars per day.  
The market got different in 2017 after it got to 3000 and ever since then felonies have been committed nearly every single day to try and force the price upwards whether or not the market is ready.  Now we/I/you and the community are seeing the aftermath of the psychopath who thinks it's their job to "punish" people for selling bitcoin and it hasn't stopped since then.

I made over 10,000 dollars doing it right when everyone was ok with the natural market when it went up AND down (without getting harassed) but now it just doesn't work.  This isn't bragging, this is just a fact.  I learned how to do it right and I did well.  (yeah I sold bitcoin sometimes instead of buying it)

EVER SINCE THEN though, it seems like THE ENTIRE internet is trying to FAKE their way into doing what I did.
This has really gotten out of hand and I expect people to do something about this.  I shouldn't have to be calling attorneys at my age (but I am).

[mk4]

Alright. Not sure I 100% understood what you're trying to say, but you're pretty much saying that the markets worked in your favor in the past, but now it doesn't, so your conclusion is that bitcoin has "failed" because of that?

And what? you contacted government agencies because bitcoin was rising in price? What? Because "the market isn't there"? What the heck does that mean in the first place? Bitcoin's price rose and dropped and went all over the place throughout the years simply because of the typical market forces. If there weren't enough buyers in the first place, it wouldn't really reach the peak of approx. $19,700.

I suggest reading this short Wikipedia entry: https://en.wikipedia.org/wiki/Supply_and_demand

[Mbitr]

I think OP has it in his mind that bitcoin price/market has been manipulated by a few whales and is upset by it all .
Another of OPs post clarifies this I think ?

https://bitcointalk.org/index.php?topic=5207411.0

[LFC_Bitcoin]

What the fuck are you talking about?

All I got from that rant was that you’re effectively butt hurt because of your experiences with bitcoin?
You bought near the top of the Gox high & got REKT when it dumped so you sold & now you probably regret it & you can’t afford to buy back in, certainly not the amount of coins you had previously.

Every single law/legal professional will laugh in your face by the way.

[Hamphser]

I think OP is having a breakdown right now because of what happen to his investment. Don't worry OP almost everyone around here experience the same as you while there are who is more unfortunate than you. Don't just give up because you've lost a lot in the past. Learn to correct your mistake by doing another right thing. This is how the market work and you should have known it already.

[TEX-LXRY]

Dear OP,

Bitcoin has NOT failed. Yes, the price may have adversely affected many since the crash, but the technology is robust and a global ecosystem is currently in development around it. The price indication of BTC is not a clear indication of its true potential. I remember Jeff Bezos was once interviewed shortly after the tech crash in 2000 on the drop in Amazon's stock price(it dropped from high of $97 to a low of $6). His response was " I have told my employees, pay no attention to the stock price and just keep focusing on the customer and provide the best service and we will succeed." I have full faith in BTC will prevail and true potential in price appreciation will also be realized given it doesn't fail in providing a decentralized, sovereign money network to the masses.

Regards
TEX-LXRY

[MURONDI]

before investing you should think about it first, because bitcoin is a very risky investment, not only you who lose money, even most traders at that time suffered losses, I myself lost about $ 30,000 - $ 40,000, but I'm acting normal because I know the risks.

[pundit]

Like other members I also did not get exactly what you want to narrate. You bought Bitcoin in 2013 when it was trading @ $1000 but I think price was never reached $1000 in 2013 and if you see the price history Bitcoin was the most successful investment anyone could get. It grew many folds since the year 2011 and made many investors rich, so how anyone can say Bitcoin has failed. Even today it is trading at price  more than 10 times higher than its price in 2016. Bitcoin will still continue to grow I believe.

[Twentyonepaylots]

I think OP is having a breakdown right now because of what happen to his investment. Don't worry OP almost everyone around here experience the same as you while there are who is more unfortunate than you. Don't just give up because you've lost a lot in the past. Learn to correct your mistake by doing another right thing. This is how the market work and you should have known it already.

It's obvious he doesn't know what he entered. I di experience this but did not rant coz I know what the market is, what to do and what to expect least. How could you label bitcoin as a failure when it is just starting yet? Blockchain technology is getting adopted by various big companires and as you compare for the price of bitcoin than it was already measure how long did it go. What has failed is the OP, he failed for expecting too much. OP should what the risk is, hence, it's worth taking the risk as long as you've learn from it.

[Baby Dragon]

I think OP is having a breakdown right now because of what happen to his investment. Don't worry OP almost everyone around here experience the same as you while there are who is more unfortunate than you. Don't just give up because you've lost a lot in the past. Learn to correct your mistake by doing another right thing. This is how the market work and you should have known it already.

It's obvious he doesn't know what he entered. I di experience this but did not rant coz I know what the market is, what to do and what to expect least. How could you label bitcoin as a failure when it is just starting yet? Blockchain technology is getting adopted by various big companires and as you compare for the price of bitcoin than it was already measure how long did it go. What has failed is the OP, he failed for expecting too much. OP should what the risk is, hence, it's worth taking the risk as long as you've learn from it.

Indeed, OP chooses to take risk to earn profit and it doesn't turn out great like he/she expected. I can't see any reason why he have to blame bitcoin for his/her stupid actions and decisions. What can we expect? we can't assure ourselves that there will be no conflict when it comes to our investment. It usually happens and we just need to accept that there will always be some downfall but we should not let it ruin our goals because there are rooms for improvements. Let's just use our past experiences as guide to make wiser decisions and actions in the future so we will not feel remorse regarding bitcoin failing to do what we want because it depends on how we we make our choices. We should never feel hopeless because bitcoin is still capable on giving us opportunities.

[aardvark15]

I got in about the same time you did...right at the peak in 2013 and then saw the crash. To make it even worse, I had most of my Bitcoins on Cryptsy when they closed down and lost all of it except a small amount I had in a private wallet.

However, I did eventually buy and am holding and feel confident that Bitcoin will proceed to higher highs next year. I believe this because Bitcoin has been around for 10 years and has been on the cutting edge of this new technology.

It’s volatile because most people are either trying to trade when they don’t know what they are doing or they are the whales that are manipulating the price or they are the new investors that panic buy.

[mindrust]

Failed how? Pricewise? That's what people said in 2015. The holders from 2015 turned out to be the luckiest mother fuckers in the world.

Bitcoin can only fail if it fails to work. It does work. Can't talk for the future but I assume it is safe to say it will keep working.

So how did bitcoin fail actually?

There is 2 things about the price of bitcoin:

Q- The price is too low omg whatamIgonnaDoooo?
A- Buy more.

Q- Omg The price is too high I can't buy anymoooor
A- Then sell! (or short)

Does Bitcoin still function? Yes. Then there is nothing to worry about.

[target]

We've all heard these rants before even before BTC reaches $1k, there were already people complaining they can't afford to buy back so the fud is one of the technique so effective back then to spread fear.  You can buy back, you don't wanna wait for the price to go up more than how much it is today.

Your only option is to buy and trade, you made it in the past so you must have your own trading strategy to work on.

[Thekool1s]

Lemme help you with rephrasing your title... "My Story: Why I failed with Bitcoin (and keep failing to this day)"  

The fact that you can't even rant properly just shows how bad you are with things in life... Get help before its too late...

[kryptqnick]

Lemme help you with rephrasing your title... "My Story: Why I failed with Bitcoin (and keep failing to this day)"  

Op, I agree with this reply. It's not Bitcoin that failed, it's you. Bitcoin is neutral, it's not like it's going up or down on purpose to piss one person or to help another. And I don't think that you are right if you imply that there's SOMEONE who controls and manipulates the market. You see, the whole point of decentralization is that there is not such a person/entity. Bitcoin goes up when people believe in it more or have a fear of missing out. Bitcoin goes down when someone famous makes negative statements or something crypto-related fails and the FUD is getting spread. You would buy Bitcoin for the $1k price and sell at $20k price. It's not anyone or anything else's fault that you did not.

[Pearls Before Swine]

EVER SINCE THEN though, it seems like THE ENTIRE internet is trying to FAKE their way into doing what I did.
This has really gotten out of hand and I expect people to do something about this.  I shouldn't have to be calling attorneys at my age (but I am).

You're calling attorneys because the market appears to be manipulated...?  Well good luck with that.

The market does whatever it does, and I don't think any one person owns enough bitcoin to drive it down, nor any one person who would put enough cash into bitcoin to drive it up.  And even if there were such people and they did that buying or selling, so what?  That's how the market works, my friend.

To make it even worse, I had most of my Bitcoins on Cryptsy when they closed down and lost all of it except a small amount I had in a private wallet.

Oi.  If I never hear the name of that exchange again, it will be too soon.  Sorry you lost your bitcoin in that atrocious scam they pulled.

[blandana]

You don't see how many trolls are here do you community?  Nearly every single one of these responses is trying to flame me for having legitimate experience and sharing that someone most likely has committed felonies but all I'm met with is harassment.  Need I say more?  This is very uncalled for.  This is not how you should treat human beings.

[blandana]

on a side note, all joking aside: I could be warren buffet's son but all I'm met with is a flaming wall of offensive vulgar reposes.  

Do you think this is the way you need to treat adults?  Your language is obviously offensive and meant to make me get offended or violent I'm sure.


I sort of expect more out of this community but I'm not surprised I got less.

[BayAreaCoins]

We would still think you're a fruit regardless of whois son you are... no one cares what daddy did!

[romero121]

Lemme help you with rephrasing your title... "My Story: Why I failed with Bitcoin (and keep failing to this day)"  

The fact that you can't even rant properly just shows how bad you are with things in life... Get help before its too late...

Yes, people does the mistake and ends with loss. Now when you ask with the responsible person most of the time we get to know it is the mistake of bitcoin. If there is nothing to pin point the volatility of bitcoin will be mentioned as the cause. People need to change, as most of the people find it very new they just fall for without proper analysis about thr market.