We missed the moon

[picolo]

Ok bros, it's pretty clear now that we missed the moon. But why?

A considerable fraction of total bitcoins was mined during the early days/months, another was stolen during  an impressive number of various scams and hacks, another was earned by trading manipulation.

All this people, all clever than me, has probably already cashed out a ton of fiat at a better price, and is currently still doing it, they will do it untill people put money in it, because they have a tons of cheap btc, and want to convert to a ton of fiat before collapse.

This bubble was very bad for me: I buyed even at 4 digits, i build a scrypt miner and I was not able to ROI, I was scammed for little amounts. I never sold, beside little bad trades.

I am still glad to be here on this forum, but I have never seen so much scam attempts, here nobody trust nobody (and probably should not) and there's hardly someone who will help you for nothing - and it's a forum!

6 2 billion dollars of purchasing power, and what is the great thing the bitcoin community is currently doing for the world? Scamming each other for penauts. Oh yeah, and gambling.

We missed the moon. Maybe it's time to ask us why.

We didn't miss the moon for ever but you bring up interesting points about what has been the Bitcoin history : hacks, bad management, gambling. A lot has been achieved and a 2 Billions market cap can be a stepping stone for higher accomplishments.

The financial landscape will change drastically soon and Bitcoin will likely profit from it.

[erre]

Ok bros, it's pretty clear now that we missed the moon. But why?

A considerable fraction of total bitcoins was mined during the early days/months, another was stolen during  an impressive number of various scams and hacks, another was earned by trading manipulation.

All this people, all clever than me, has probably already cashed out a ton of fiat at a better price, and is currently still doing it, they will do it untill people put money in it, because they have a tons of cheap btc, and want to convert to a ton of fiat before collapse.

This bubble was very bad for me: I buyed even at 4 digits, i build a scrypt miner and I was not able to ROI, I was scammed for little amounts. I never sold, beside little bad trades.

I am still glad to be here on this forum, but I have never seen so much scam attempts, here nobody trust nobody (and probably should not) and there's hardly someone who will help you for nothing - and it's a forum!

6 2 billion dollars of purchasing power, and what is the great thing the bitcoin community is currently doing for the world? Scamming each other for penauts. Oh yeah, and gambling.

We missed the moon. Maybe it's time to ask us why.

We didn't miss the moon for ever but you bring up interesting points about what has been the Bitcoin history : hacks, bad management, gambling. A lot has been achieved and a 2 Billions market cap can be a stepping stone for higher accomplishments.

The financial landscape will change drastically soon and Bitcoin will likely profit from it.

We were so fuckin' near... as somebody asked, I will state what is the moon for me: wide adoption, and things starting to be denominated in bitcoin.

The world was watching us when btc bubbled, and what did they see? Scammers. A lot of. And a greedy base of trolls and rogue speculators. No idealism, neither great projects, or user-friendly applications...only a tons of altcoins, and exchangers, and speculating instruments of all sort, from pure gambling to ponzi to binary options to cloud mining etc... The only things bitcoin community was, and are, able to develop in no-time.

Note that i'm still a beliver, I srill strongly hope that bitcoin will become something great in the future, but..

To actually being able to properly use bitcoins, you still need to be young and have an above-average IQ and cultural background, and to spend some days on a shady forum where somebody will say " use escrow u n00b", while u wait your blockchain to download and your bitstamp ID verification process to be completed. After that, prepare to be scammed or hacked, or at best sit and see your purchasing power sinking. Or buy quickly your alpaca socks or something, in a much more complicated way and for no discount when compared to fiat. If you want to transfer 10 million usd from USA to Cuba and pay 1 dollar fees bitcoin could be a great thing and need only a bigger market, but for the average user it's not a great deal using btc to buy a pizza or whatever. It COULD be.

But i wonder how " we " could develop an healty economy if we can't get rid off all the scammers and speculators that are infesting the bitcoin world, as it seems that they now control the vast majority of both hashing power and bitcoins.

[BreathOfZen]

The first step to freeing Bitcoin from scammers is to get rid of your paid sig. How much is your dignity worth?

[ChuckBuck]

I don't think we missed the moon, we barely got off the launchpad.



Year 6 bruh, gots some growing pains first to deal with, before we get to where we need to be.

[thejaytiesto]

Ok bros, it's pretty clear now that we missed the moon. But why?

A considerable fraction of total bitcoins was mined during the early days/months, another was stolen during  an impressive number of various scams and hacks, another was earned by trading manipulation.

All this people, all clever than me, has probably already cashed out a ton of fiat at a better price, and is currently still doing it, they will do it untill people put money in it, because they have a tons of cheap btc, and want to convert to a ton of fiat before collapse.

This bubble was very bad for me: I buyed even at 4 digits, i build a scrypt miner and I was not able to ROI, I was scammed for little amounts. I never sold, beside little bad trades.

I am still glad to be here on this forum, but I have never seen so much scam attempts, here nobody trust nobody (and probably should not) and there's hardly someone who will help you for nothing - and it's a forum!

6 2 billion dollars of purchasing power, and what is the great thing the bitcoin community is currently doing for the world? Scamming each other for penauts. Oh yeah, and gambling.

We missed the moon. Maybe it's time to ask us why.

Why? The answer is always the same one for all the missed moons: Not being at the right spot at the right time buying the right thing.

[chesthing]

Ok bros, it's pretty clear now that we missed the moon. But why?

A considerable fraction of total bitcoins was mined during the early days/months, another was stolen during  an impressive number of various scams and hacks, another was earned by trading manipulation.

All this people, all clever than me, has probably already cashed out a ton of fiat at a better price, and is currently still doing it, they will do it untill people put money in it, because they have a tons of cheap btc, and want to convert to a ton of fiat before collapse.

This bubble was very bad for me: I buyed even at 4 digits, i build a scrypt miner and I was not able to ROI, I was scammed for little amounts. I never sold, beside little bad trades.

I am still glad to be here on this forum, but I have never seen so much scam attempts, here nobody trust nobody (and probably should not) and there's hardly someone who will help you for nothing - and it's a forum!

6 2 billion dollars of purchasing power, and what is the great thing the bitcoin community is currently doing for the world? Scamming each other for penauts. Oh yeah, and gambling.

We missed the moon. Maybe it's time to ask us why.

Why? The answer is always the same one for all the missed moons: Not being at the right spot at the right time buying the right thing.

This. I've learned a lot playing alts and btc, the #1 thing is if you didn't get in early just stay out unless you are really good at chart analysis and don't expect huge gains.
All the shit the op brings up isn't why btc price has crashed from it's peak, although they may have hastened it. Just like altcoins that moon, early adopters gotta cash out.

[picolo]

I don't think we missed the moon, we barely got off the launchpad.



Year 6 bruh, gots some growing pains first to deal with, before we get to where we need to be.

We wen to a 10 Billions market cap, it's more than launching!

[UnDerDoG81]

With every "crash" we lose more and more weak hands. Its getting better and better.

[erre]

The first step to freeing Bitcoin from scammers is to get rid of your paid sig. How much is your dignity worth?

Good point. At least i do not have a ponzi or a cloud mining site in my signature, but yes, it is gambling.

I spent a ton of hours on this forum, I never scammed anyone and i helped every time I could with mining advices, and pointing out clear scams etc.... i also gave my professional help for free a couple of times, but nobody never ever tipped me a satoshi. But I can make 0.001 per post if I sell my signature...

I am not rich, I have not many bitcoins and I paid them a lot...so I value them a lot, and 0.001 per post is a tempting deal. I think that my choice of selling my signature to a gambling site is a  consequence of the actual " zeitgeist"  of the bitcoin world, of wich I am part. I'm hoping for this to change.

[krb91]

There are not many signature campaigns with decent payouts apart from gambling sites.

[abercrombie]

There is no moon in Bitcoin's immediate future, just the fiery depths of middle earth with trolls and goblins trying to steal your "precious" coins.

[Nagle]

This bubble was very bad for me: I buyed even at 4 digits, i build a scrypt miner and I was not able to ROI, I was scammed for little amounts. I never sold, beside little bad trades.

It's suckers like you who made Bitcoin a success. Thank you for your service.

Always remember, Bitcoin is zero-sum. For Bitcoin to have winners, there must be losers. The success of Bitcoin demands the constant recruitment of new losers. This is the job of Bitcoin's supporters.

[MichaelBliss]

We haven't missed anything (yet).  So far so good, this will take a few years not months!  I consider Bitcoin to be a communications technology really, and if you look at their adoption rates you can see what it will take for Bitcoin.   Give it another 7 years, then let's talk.  Maybe the new forum will be finished by then?

[redsn0w]

I think the max. value that bitcoin will reach this year (will be)  $500, because this time there will not be the karpeles bot "willy". We already missed the "moon" of a thousand dollars per bitcoin , but maybe between 5-6 years we will see again 700-800 dollar.


I'm still holding ...

[bassclef]

I think the max. value that bitcoin will reach this year (will be)  $500, because this time there will not be the karpeles bot "willy". We already missed the "moon" of a thousand dollars per bitcoin , but maybe between 5-6 years we will see again 700-800 dollar.


I'm still holding ...

Unfortunately that's not how thinly traded markets operate. They are psychologically driven. You are right we may only get to $500, but if it happens, it will be extremely fast due to fear of missing out.

[AnswerQuestion]

The quality of our ecosystem is bound to increase more over time. Scams and thefts are a serious issue, but they also show that people value having Bitcoins.

I would disagree. There are scams because it is possible to turn stolen bitcoin into fiat. People do not steal bitcoin because they think bitcoin is a "good" investment.

I believe that the recent spike in ponzis is probably not helping the price of bitcoin at all. The massive influx of ponzis is eroding confidence in bitcoin in general

[bornil267645]

We missed the moon but we landed on the sun and the wings got burned off. Might be a while before the wound gets healed and the bitcoin market price picks up.

[redsn0w]

I think the max. value that bitcoin will reach this year (will be)  $500, because this time there will not be the karpeles bot "willy". We already missed the "moon" of a thousand dollars per bitcoin , but maybe between 5-6 years we will see again 700-800 dollar.


I'm still holding ...

Unfortunately that's not how thinly traded markets operate. They are psychologically driven. You are right we may only get to $500, but if it happens, it will be extremely fast due to fear of missing out.

Yes of course , maybe the  $ 1k  will be possible after the next block reward halving ... but not in this year.

[abercrombie]

"We missed the moon..."

[picolo]

I think the max. value that bitcoin will reach this year (will be)  $500, because this time there will not be the karpeles bot "willy". We already missed the "moon" of a thousand dollars per bitcoin , but maybe between 5-6 years we will see again 700-800 dollar.


I'm still holding ...

Unfortunately that's not how thinly traded markets operate. They are psychologically driven. You are right we may only get to $500, but if it happens, it will be extremely fast due to fear of missing out.

Yes of course , maybe the  $ 1k  will be possible after the next block reward halving ... but not in this year.

The positive influence of the reward halving should be noticeable before it arrives because the market is going to include it in the price.