All of you Bitcoin Hodlers are mentally ill - *Must Read! - page 6.

Slow death

legendary

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Quote from: Charles Norwood on November 19, 2019, 05:06:15 AM

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.

Quote from: Charles Norwood on November 20, 2019, 03:41:53 AM

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

Betwrong

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Quote from: Charles Norwood on November 19, 2019, 05:06:15 AM

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.

Quote from: Charles Norwood on November 19, 2019, 05:06:15 AM

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?

Quote from: Charles Norwood on November 19, 2019, 05:06:15 AM

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?

target

legendary

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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.

darkangel11

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Quote from: Charles Norwood on November 20, 2019, 03:41:53 AM

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.

suzanne5223

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Quote from: Charles Norwood on November 19, 2019, 05:06:15 AM

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.

Quote from: Charles Norwood on November 19, 2019, 05:06:15 AM

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.

Quote from: Charles Norwood on November 19, 2019, 05:06:15 AM

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.

Quote from: Charles Norwood on November 19, 2019, 05:06:15 AM

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.

Quote from: Charles Norwood on November 19, 2019, 05:06:15 AM

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 Grin

Quote from: Charles Norwood on November 19, 2019, 05:06:15 AM

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.

tsaroz

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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.

Beparanf

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Quote from: jake zyrus on November 20, 2019, 08:58:01 AM

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.

jake zyrus

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

alisonwonder

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Quote from: Charles Norwood on November 20, 2019, 03:41:53 AM

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.

cutesgirl

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Quote from: Baby Dragon on November 19, 2019, 05:55:38 AM

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.

maxreish

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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.

CryptoBry

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Quote from: Charles Norwood on November 19, 2019, 05:06:15 AM

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.

Charles Norwood

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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.

maydna

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I think as long as we can use bitcoin to search for money and we can get that money, we don't have to say that bitcoin will be useless in the future because time will tell what will happen in the future. Perhaps, you don't agree with what people do with their bitcoin, but I am sure that people who have the bitcoin right now, will still hold their bitcoin until they can sell bitcoin at the highest price. They will not listen to the negative news because they already see what was happen in 2017, so they want to repeat to make a huge profit again.

I am sure that bitcoin will give something big to us, especially for people who still hold their bitcoin, and we almost see the increase of the price again. So I don't think that people will sell their bitcoin too early because they still want to make a big profit from bitcoin.

wildan88

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I don't have strong beliefs about this future, because I know anything can happen in the future. but I'm sure bitcoin will still survive and will make a surprise in the next wave.
but if that happens, I'm not worried, I've already made a lot of money from bitcoin because I have also anticipated that. nothing lasts forever in this world. but the point is that for now I still believe in bitcoin.

Fundamentals Of

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Let me be your mentally ill person. I don't care how other people call me for as long as I think and know that what I am doing is the right thing. In contrast, I consider those people who are blindly following the dictates of the banks and the greedy governments as mentally ill. Let us call each other mentally ill then. I don't care a damn.

ilovealtcoins

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You are saying something nonsense. Take a look at the history of Bitcoin, the volume of transactions, and the world's understanding of Bitcoin. Currently, some big countries like Australia, Netherlands, France, USA ... have included Bitcoin and Blockchain and in their curriculum. This shows that Bitcoin and Blockchain are socially accepted and students will continue to develop it in the future.

asus09

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Quote from: Charles Norwood on November 19, 2019, 05:06:15 AM

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.

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?

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.

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!

Before investing with bitcoin and crypto I have know what risk I faced and ready for bad thing after investing with bitcoin, some investor only have mind to get profit with investing on bitcoin or altcoin but never keep ready their self when price down and look frustrated when their assets have down, for me every investment way have advantage and disadvantage but how to get big result and low risk by investing with bitcoin and altcoin.

joinfree

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Great, so we have another newly registered member telling us that bitcoin is not good and worthless lmao. Anyway you can first off all get the hell out of this forum and do you think we have not done the necessary background checks before investing bitcoin and other cryptocurrencies? It's pretty funny when they think they know it all and fiat currency is the solution, well it's not because if it were countries would not be in such huge debt.

Eugenar

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Quote from: pawanjain on November 19, 2019, 01:01:38 PM

Well, in that case, Yes I am ill and I would like to stay ill and in fact I would like to get even more ill Grin

I would take chance on bitcoin since it is not controlled by anybody but ourselves rather than on fiat currency which is controlled by corrupt government.

There might be a reason may be the OP have his funds get wrecked because of panic selling cryptocurrency. Though, with the information you've provided, there's no article supporting that huge recession will make Bitcoin dump its market price. If right now OP you aren't believing how bitcoin become more profitable, save yourself, believe in your intuition, and let us, the holders suffer the huge ROI when the market reaches ATH again.

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