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Author Topic: Patience above all will be rewarded here  (Read 2689 times)
KonstantinosM (OP)
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June 03, 2020, 02:04:47 PM
 #1

Rome wasn't built in a day, and Bitcoin won't take off to the moon right now. It will take a lot of improvement, a lot of new technology and a lot of hard work.

The people who buy in rallies and sell during bear markets and then don't believe in bitcoin anymore are clowns. If the price went to 25k in the next few months I guarantee it that the community will double maybe even quadruple in just a few days.

And then if it dropped back to 15k, suddenly most of these people will disappear again. They won't believe in bitrcoin and they will not care.

If you don't want your money to be created by bankers and the government at their whim the actual price of bitcoin is secondary. Bitcoin is a central part of the puzzle when it comes to the people getting back their sovereignty.


Syscoin has the best of Bitcoin and Ethereum in one place, it's merge mined with Bitcoin so it is plugged into Bitcoin's ecosystem and takes full advantage of it's POW while rewarding Bitcoin miners with Syscoin
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June 03, 2020, 03:29:54 PM
 #2

The people who buy in rallies and sell during bear markets and then don't believe in bitcoin anymore are clowns.
I don't know if it's the right way to call them. Most out there are acting according to their feelings, and it's not their fault. Crypto trading is way easier to access than stock trading - in fact, you can start trading by simply downloading a software which is insane.

If the price went to 25k in the next few months I guarantee it that the community will double maybe even quadruple in just a few days.

And then if it dropped back to 15k, suddenly most of these people will disappear again. They won't believe in bitrcoin and they will not care.
Let's be honest - as much as I want to say I'm a 100% Bitcoin sustainer, profit is part of my interest. Although it's not the top priority, it does exist and every time BTC showed death signs I did quit due to the fear of losing everything.

I wish we all went for a single purpose out there: moving away from banks. But I have to agree with the fact that these guys who are out there just for the profit help us a lot. Imagine Tesla: what would its market value be if every single person who owned its stocks never cared about the profit?

If you don't want your money to be created by bankers and the government at their whim the actual price of bitcoin is secondary. Bitcoin is a central part of the puzzle when it comes to the people getting back their sovereignty.
Most are still sleeping. Just wait, calmly. The current events around the world will hopefully wake them all up, one by one. Smiley
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June 03, 2020, 04:09:06 PM
 #3

Don't call them clowns. You may have taken advantage of their ignorance by dumping on them but you can still show a little empathy. I'm sure you have heard stories of taking loans, selling houses, using all life savings to buy bitcoin and sold at a huge loss. Maybe some of them wanted to try again but decided not to go buy because of the mocking they received when they made a costly mistake.

Bitcoin will go to "moon" and the patience will be rewarded because there will be "clowns", as you call them, who will be buying at rallies again.
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June 03, 2020, 04:49:11 PM
 #4

it depends on how you define "moon". i define it as $1 million and i agree that it requires a lot more development and a ton of additional work to make bitcoin better and capable of handling that kind of huge adoption. but most important of all it needs time.

but everything else that people usually refer to as "moon" like breaking the previous ATH,... are just the natural growth that we will inevitably see sooner or later. we can't expect the moon to be reached in one go. it will take lots of rallies and lots of bubbles with their corrections before get there.

in this process we will see many come and go but when we analyze the end result when the hype subsides we can see that the community has significantly grown.

There is a FOMO brewing...
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June 03, 2020, 06:19:21 PM
 #5

Rome wasn't built in a day, and Bitcoin won't take off to the moon right now. It will take a lot of improvement, a lot of new technology and a lot of hard work.

The people who buy in rallies and sell during bear markets and then don't believe in bitcoin anymore are clowns. If the price went to 25k in the next few months I guarantee it that the community will double maybe even quadruple in just a few days.

And then if it dropped back to 15k, suddenly most of these people will disappear again. They won't believe in bitrcoin and they will not care.

If you don't want your money to be created by bankers and the government at their whim the actual price of bitcoin is secondary. Bitcoin is a central part of the puzzle when it comes to the people getting back their sovereignty.


I don't think everyone quits. The ones that join the community due to the price rise, gets to know about about bitcoin and the technology. They learn about the past of the bitcoin and then they understand that the price has always been volatile. They get interested and they end up staying over here. Only those who came for the profit, runs away.
Again, this sudden rise also starts to help us spread more knowledge about bitcoin!

You really think bitcoin is going to replace the banks?

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June 03, 2020, 07:50:07 PM
 #6

Bitcoin often sees supporters turned haters every time they got burned, and it's understandable considering that most of these people do not really take their time to do some researching and just pull the trigger expecting that bitcoin will grant them profits instantly. It takes time to build something sustainable and robust, and that certainly is what bitcoin and the community is doing right now: taking their time. Even big names in the economic scene are already recognizing bitcoin and its merits, and its not far from reality that these same guys would also invest in bitcoin given that the room for growth and potential is really big if taken the right steps and approach to make things work.
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June 03, 2020, 07:59:07 PM
 #7

Rome wasn't built in a day, and Bitcoin won't take off to the moon right now. It will take a lot of improvement, a lot of new technology and a lot of hard work.
To get to the moon you do not need much improvement in the technology but for bitcoin to be used as a global currency we need some major changes.

The people who buy in rallies and sell during bear markets and then don't believe in bitcoin anymore are clowns. If the price went to 25k in the next few months I guarantee it that the community will double maybe even quadruple in just a few days.
There were many riding the rally and there were many using their credit cards and those that thought of maxing out the profit when the market was rallying to new all time high might have burned and they will not take a chance like that in the future. It is always better to invest a percentage of the savings you have than using credits.




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June 03, 2020, 08:08:38 PM
 #8

Patience is something on-which you will get practice to it over the time. So, holding bitcoins and anticipating a big value for it is the problem of beginners of crypto space and definitely not for the people who understand how crypto works and how much reliable if bitcoin market takes more time for reaching big value. Bitcoin went to ~$20k from $10k in less than 25 days and then it is taking around 4+ years time to achieve that kind of peaks again. So, believe into slow and steady because that alone will persist for longer.

In my beginning days I do day dream about big amount of BTCs all of sudden and big value for bitcoins so that I will be a top rich man in my country to run a big business to stay wealthy for rest of my life. But, over the time, when nothing happened and I got busy in my regular job, I stopped such thoughts and started to research about the possibilities for higher bitcoin rates which will make me wealthier than now with respect to my BTC savings. So, patience will come into practice when you realize your stand.

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June 03, 2020, 08:15:59 PM
 #9

It is a delicate balance between the believing on the principles/ possibilities and the business side of BTC... on a certain point of view, things would look better for everyone if there was not so many people after the easy money that show up/vanish in waves related with the sucess or downfall of BTC... but on the other hand the so called "clows" also include honnest people that had the courage to invest their savings (and some also their economic lifes) on something that most do not believe in, just hopping to get enough profit to sort out their life, these would still be around...

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June 03, 2020, 08:54:36 PM
 #10

Rome wasn't built in a day, and Bitcoin won't take off to the moon right now. It will take a lot of improvement, a lot of new technology and a lot of hard work.

The people who buy in rallies and sell during bear markets and then don't believe in bitcoin anymore are clowns. If the price went to 25k in the next few months I guarantee it that the community will double maybe even quadruple in just a few days.

And then if it dropped back to 15k, suddenly most of these people will disappear again. They won't believe in bitrcoin and they will not care.

If you don't want your money to be created by bankers and the government at their whim the actual price of bitcoin is secondary. Bitcoin is a central part of the puzzle when it comes to the people getting back their sovereignty.



I don't welcome this speech:
Quote
The people who buy in rallies and sell during bear markets and then don't believe in bitcoin anymore are clowns
😡😠. Now let me tell you something everyone else has a means of survival In this Crypto arena trust me. you on your speculations you can keep HODLING bitcoin if it goes up or comes down DONT SELL just keep HODLING now that's ur own style now those you call clowns can buy when it drops and sell off when it's high that's their own means of business. So I don't think any body is a clown.

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June 03, 2020, 08:58:44 PM
 #11

The people who buy in rallies and sell during bear markets and then don't believe in bitcoin anymore are clowns. If the price went to 25k in the next few months I guarantee it that the community will double maybe even quadruple in just a few days.

And then if it dropped back to 15k, suddenly most of these people will disappear again. They won't believe in bitrcoin and they will not care.

You can't just say to others what should do.

Those who bought on rallies and sell at lower prices do have their own reason why they do it. I don't see how they became a bitcoin non-believer because of that. Not all can handle the risks of seeing their assets continuously decreasing its value continuously so they limit it and come back next time. Others also set-up a stop-loss as part of their strategy. Traders also not an enthusiast of holding for long since that's why they called traders in the first place.

You just have to go with the flow and stop thinking too much. Bitcoin already establishes a good community and adoption increases while it progresses.

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June 03, 2020, 09:16:07 PM
 #12

For sure most of the people who trust already the bitcoin will still trust the bitcoin because we know from the previous years even the market price of the bitcoin does not have too much market value but the time goes by they are now supporting the use of the bitcoin by using this as their transaction payment or payment method because they know the potential and the benefits of this coin. If you are an investor you will grab the opportunity to make an investment when the market price of the coin falls down.

If you want to earn basically without doing anything just make an investment when the market price falls down this is the basic thing we could do in bitcoin and wait for the market price to reaches its highest peak price and sell your coin. Sometimes FOMO can bring us a huge chance to grab the opportunity to earn more money and one of the best things we should do is trust the bitcoin to go up but do the bitcoin fails us to rise? I think it's no because it has many supporters.

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June 03, 2020, 09:17:06 PM
 #13

Those buying the rallies and selling the dumps may make profit or they will at least learn from their mistakes. Its not entirely implausible to buy an asset as it rises, there be no good time to buy a fall either...

You could buy a fall or a plateau but even a slight upwards move may be enough, buying a sustained rally is risky but if its all you can think to do and you're happy losing those funds then fine.

With most investments, you should be able to be confident leaving something for a year or three and knowing your investment will have made a nice return, anything shorter than about 6 months then your investment turns to gambling but you can still calculate the risk nonetheless and work out your r:r
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June 03, 2020, 09:33:00 PM
 #14

Rome wasn't built in a day, and Bitcoin won't take off to the moon right now. It will take a lot of improvement, a lot of new technology and a lot of hard work.

The people who buy in rallies and sell during bear markets and then don't believe in bitcoin anymore are clowns. If the price went to 25k in the next few months I guarantee it that the community will double maybe even quadruple in just a few days.

And then if it dropped back to 15k, suddenly most of these people will disappear again. They won't believe in bitrcoin and they will not care.

If you don't want your money to be created by bankers and the government at their whim the actual price of bitcoin is secondary. Bitcoin is a central part of the puzzle when it comes to the people getting back their sovereignty.



Quote
They won't believe in bitrcoin and they will not care.
please cross check the line you made that sentence and correct your error.

Now, I will like to also add to this, that no body is a clown 😡 in crypto-currency business. Everyone started as a newbies before they become legendaries today, and secondly everyone has its own part or will I say patterns of Making out of bitcoin or cryptocurrency as the case may be so no one is a clown.

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June 03, 2020, 09:33:55 PM
 #15

Not all people would really have that same mindset towards investment and there would be believers, short profit-takers and leave but majority would really be
always aiming for profits excluding to those people who do really believe into its actual usage but its impossible to presume out that those who believe arent
also aiming on making money or rewards too.

Patience does really pay off but not all would have that same level when it comes on the waiting game thats why they would just pick up and sell if there
are opportunities and able to achieve on what they are aiming for then after that they do leave and find another market or things that would benefit them out.

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June 03, 2020, 09:40:38 PM
 #16

Those investors invest on bitcoin to become quick rich and expect high return probably they would regret once a time if they are unable to wait with patience. Everyone should learn as much as possible before invest on bitcoin. The question about not bitcoin only, everyone should learn and study very well before start anything new either its online or real life. Otherwise they will never trust on bitcoin when they will lose by selling on bear market. Besides that greedy peoples also would blam same thing when they will lose due to greedy behavior. But they will never blam themself about their paste mistakes. We should learn from pur paste mistake and analyze as much as possible about bitcoin movements.

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June 04, 2020, 12:13:29 AM
 #17

People mostly look at bitcoin as easy money ,so, they invest as much as they can. Others sold their properties,making loans from the banks just to have a huge profit if ever the bitcoin price increase but the problem is ,when the price drop down they lose their hope and intead of patience to wait that the price go back to increase,they sell what they invest in a lowest price which result to loss. Patience is the essential ingredience of investing.

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June 04, 2020, 12:47:52 AM
 #18

Most investors has only short term speculation about the Bitcoin price because they believe that it is only a bubble as it has no solid foundation especially newbies that only after quick returns without knowing the risk involve in investing in Cryptocurrency and it's volatility.

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Debonaire217
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June 04, 2020, 01:46:33 AM
 #19

You a good argument there OP, but we might not know that the reason why bitcoin might increase up to 25k is because of the people. Just take note, the demands drive the price up, and it is not the price that makes people demand from the law of economics.

Meaning to say that we should also value people, and how can we do that? Provide better information, state how useful bitcoin is, help to lessen scams and be consistent with what we do.

For me, the main reason I'm still with bitcoin is that I first study the concepts, and not focus on the price and profits. Most of the time, people only want an investment, without even knowing it that is why they can't remain consistent and eventually vanish.
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June 04, 2020, 02:16:07 AM
 #20

Rome wasn't built in a day, and Bitcoin won't take off to the moon right now. It will take a lot of improvement, a lot of new technology and a lot of hard work.

The people who buy in rallies and sell during bear markets and then don't believe in bitcoin anymore are clowns. If the price went to 25k in the next few months I guarantee it that the community will double maybe even quadruple in just a few days.

And then if it dropped back to 15k, suddenly most of these people will disappear again. They won't believe in bitrcoin and they will not care.

If you don't want your money to be created by bankers and the government at their whim the actual price of bitcoin is secondary. Bitcoin is a central part of the puzzle when it comes to the people getting back their sovereignty.


I couldn't agree more most of those investor doesn't really believe in Bitcoin that is why they are losing their money on it because they tend to withdraw when things go wrong.
They doesn't believe that it could go back but it would take some time and it wouldn't be just like the last time but it could be more higher than the previous one.
They intend to jump only when the price is raising up like but they don't know that it is too risky to do that they intend to miss out the opportunity while it is low and talk about regret when the price is very high.
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