BEEN IN THIS GAME FOR 6 YEARS - page 6.

daarul50

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Quote from: TheUltraElite on November 14, 2019, 02:07:57 AM

Quote from: Triffin on November 11, 2019, 02:03:09 PM

Yeah! Those who were not with bitcoin during its dumps, they were not able to devise market strategies to take benefits of massive increase in the value of bitcoin.

This is the case with people who are willing to get rich quick. They try buying without reading the charts, buying at the all time high. Eventually the price drops and they think it was all a scam, leaving no time to look into what bitcoin is or its use or its charts of price rise and fall.

Quote

They were unaware of the volatile nature of bitcoin so when it started going down, such people did panic selling which ultimately resulted into losses.

Yes, and this is going to continue because some idiots are always there even if you teach to preach the better methods of trading with analysis.

The whole "bitcoin can make us rich" hype is false context. It can make you rich but it it will not be overnight or permanent. You can cash in or cash out when the prices move sideways.

that is the usual irony we can see around here, high expectation low knowledge.

those people who bought bitcoin at its all time high at $20000 and decided to keep hodling until today will surely get depressed, regretting what they have done , can you called it as a bad luck? yes it is a bad luck and dumb uneducated greedy all at once.
to understand this business required an intense education -autodidactly- it is a bit complicated , this is not luck based business but people tend to think like that , easily get lured by how someone making $10000 from just $100 , dude you can not do the same over and over again.
there is no harm dreaming about getting rich through bitcoin investment as long as you do it full of responsibility.

there a lot of cases where people asked to join in bitcoin investment without any sufficient knowledge and only given a promise that it will grow hundreds fold! which in reality everything heading in the opposite direction, they lost too much instead get their investment growing. that is the common irony.

aioc

hero member

Activity: 2926

Merit: 567

Quote from: K_os on October 13, 2019, 07:24:08 PM

I would tell family and friends and got a response like I will wait till it comes down. If those people listened 1 year later would have profited well. Now I tell friends .1 BTC I think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.

I cannot blame them if they prefer to wait because experts and old traders are also doing that , to teach therm fundamentals you should know thoroughly, everything about Bitcoin so you can explain to them better the fundamentals and the many benefits of Cryptocurrency.

DaftAjax

sr. member

Activity: 532

Merit: 284

Quote from: perfect999 on November 14, 2019, 12:47:37 PM

A lot of people say that cryptocurrency cannot be predicted but I oppose, that's not true, people can predict the price.

I believe so too. Even Nikola Tesla predicted Wi-Fi and Smar Phones in 1909, how hard can it be to predict the mere price of a cryptocurrency, given all the information we needed. That is because these people forget the difference between prediction and actuality. Prediction is close to what it will really have to be, while Actuality is the accurate representation.

Quote

The problem is that we hardly see these accurate predictions, we only see the ones from some self-proclaimed experts who keep on feeding the public with a fake analysis that is never true.

That is because it doesn't really exist, the accurate predictions, that is.

Some people do that to take advantage of the situation and make other people panic sell or buy Bitcoin. Or just trolling.

Quote

The accurate prediction I saw was by someone in this forum and he predicted this semi-bull run we had in April, it just happened as he predicted it. I can't remember the person, been searching for the thread and I haven't seen it, wish someone would bring it up again.

I would like to know this person as well, which might be beneficial to everyone.

perfect999

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Price prediction is normal, there will always be lots of people making a prediction on what the market price is going to be anytime soon. I have seen some predictions that are 100% accurate just as predicted (that's hard to see in this cryptocurrency market because cryptocurrency is hard to predict, but that's the truth.) A lot of people say that cryptocurrency cannot be predicted but I oppose, that's not true, people can predict the price. The problem is that we hardly see these accurate predictions, we only see the ones from some self-proclaimed experts who keep on feeding the public with a fake analysis that is never true.

The accurate prediction I saw was by someone in this forum and he predicted this semi-bull run we had in April, it just happened as he predicted it. I can't remember the person, been searching for the thread and I haven't seen it, wish someone would bring it up again.

7788bitcoin

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Activity: 2282

Merit: 1023

Quote from: DaftAjax on November 08, 2019, 12:49:07 PM

Just because they get involved in this very forum and read thru topics will mean that they will learn everything there is to know. IMO, the basic information they provide in this forum wouldn't be enough. Users must experience it first hand

If you are an investor for the past few years then you will understand everything about the market and if you are simply taking about the forum where people are just looking to join bounties then you will not learn anything and there are many users who does not even know what bitcoin is all about rather they know that it is used to collect bounties.

Quote from: DaftAjax on November 08, 2019, 12:49:07 PM

should not just be satisfied by hearsays, sure you'll be aware of what might happen, but being confident in what you're doing would be the best case. I will not deny that reading gives you probably all the information you need to know, but it should not stop there.

You cannot trust any source about the market especially predictions, you have to have an idea and if you are trading for a long time you will understand the situation.

aysg76

legendary

Activity: 1960

Merit: 2124

I regret entering the market so late as i entered few years back only when prices were high and last bull run of 2017 hit the market taking the prices to $20k which no one could expect from btc.This is the power of cryptocurrencies like btc that they have potential to change the digital world by shifting momemtum from fiat to digital coins based on blockchain technology.The prices will soon reach ATH and we all will be happy to be part of financial revolution.

meliodas

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Activity: 742

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CryptoTalk.Org - Get Paid for every Post!

Quote from: DabsPoorVersion on November 14, 2019, 05:50:20 AM

Quote from: GideonGono on November 13, 2019, 01:03:11 PM

They think that the bitcoin would increase an unstapable of increasing but they did not know that if it reach into high value of money, there are a lot of people who sell their coin as their profit and it cause of the price go down in year 2018 and until now we can't see its growing value like before.

It is due to their high expectations. Actually, all of us do have high expectations, but being greedy driven to missed chances as selling at ATH. They expected that bitcoin will continue to increase without knowing that there are chances that its price will drop anytime once the correction in price will happen or many investors will sell their investment once they are satisfied with the profit they earn.

That is their fault and the best thing that they could do is to analyze themselves and look for the lesson that their mistake brought them and implement those lessons to themselves. We should not also have a high expectation because sometimes too much expectation only leads to disappointment. Just set an achievable goal and stick with that.

EdenHazard

legendary

Activity: 2674

Merit: 1048

Quote from: deisik on November 08, 2019, 04:51:59 AM

Quote from: Memminger on November 08, 2019, 12:54:31 AM

Anyone who had been in the cryptocurrencies for a while when that price surge happen knew that something was up and would soon crash since the support had been stretched thin through the next ATH after another breaking the previous ones

Everyone is wise after the event

But in 2017 there were enough people even here, on the forum, who had been fooled and dizzied by the exponential rise of Bitcoin's price. Actually, most of the forum went off their rocker back in the day. It was no use trying to explain to all these people that the crash was sort of inevitable as they were extremely aggressive toward anyone who had been ever so slightly cautious and suspicious about so insane a rise. You would read things like "millions of dollars sitting in the orderbooks waiting to buy Bitcoin if there is a small correction". These dollars then quickly disappeared provided they had been there at all

People still expecting fortune from bitcoin volatility, they are waiting for the price to skyrocketing reaching the limits without knowing there's a bubble potential to burst ... indeed very classic , it's won't end well for them who has this simply dangerous thoughts.

This high risk investment game requires high self awareness ...
You can always take a lot of benefits from this , I did it and so far so good. Been 8 years though for me watching the charts. Grin

DabsPoorVersion

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Activity: 1260

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www.Artemis.co

Quote from: GideonGono on November 13, 2019, 01:03:11 PM

They think that the bitcoin would increase an unstapable of increasing but they did not know that if it reach into high value of money, there are a lot of people who sell their coin as their profit and it cause of the price go down in year 2018 and until now we can't see its growing value like before.

It is due to their high expectations. Actually, all of us do have high expectations, but being greedy driven to missed chances as selling at ATH. They expected that bitcoin will continue to increase without knowing that there are chances that its price will drop anytime once the correction in price will happen or many investors will sell their investment once they are satisfied with the profit they earn.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: Triffin on November 11, 2019, 02:03:09 PM

Yeah! Those who were not with bitcoin during its dumps, they were not able to devise market strategies to take benefits of massive increase in the value of bitcoin.

This is the case with people who are willing to get rich quick. They try buying without reading the charts, buying at the all time high. Eventually the price drops and they think it was all a scam, leaving no time to look into what bitcoin is or its use or its charts of price rise and fall.

Quote

They were unaware of the volatile nature of bitcoin so when it started going down, such people did panic selling which ultimately resulted into losses.

Yes, and this is going to continue because some idiots are always there even if you teach to preach the better methods of trading with analysis.

The whole "bitcoin can make us rich" hype is false context. It can make you rich but it it will not be overnight or permanent. You can cash in or cash out when the prices move sideways.

GideonGono

hero member

Activity: 2086

Merit: 501

★Bitvest.io★ Play Plinko or Invest!

Quote from: suvo05 on November 12, 2019, 02:53:14 PM

Quote from: Triffin on November 11, 2019, 02:03:09 PM

Quote from: Mometaskers on November 08, 2019, 09:29:04 PM

Quote from: Memminger on November 08, 2019, 12:54:31 AM

Quote from: Mometaskers on November 07, 2019, 09:01:48 PM

Quote from: Edraket31 on November 07, 2019, 07:38:44 AM

Quote from: Mometaskers on November 06, 2019, 08:24:49 PM

Quote from: BitHodler on October 14, 2019, 02:33:35 AM

snip

My introduction wasn't really btc related projects but btc itself. Went something like "Look at the price, it's gonna blow up soon and you'll profit". I think it was like that for most people. RIP to those who got in right before it crashed though.

Of course we profit mostly when exchanging it for fiat since price relative does take large swings every now and then and a slow upward movement over the years.

Anyone who had been in the cryptocurrencies for a while when that price surge happen knew that something was up and would soon crash since the support had been stretched thin through the next ATH after another breaking the previous ones. So it is better to wait for the price to came crashing down before buying while those who have bitcoins would sell half and another then half of their assets. This is the wiser way but you know people are driven emotionally expecting unrealistic and risky mindsets.

Yes, it looked anomalous. There seem to be no good reason for it to rise up like that. But then again, hindsight is 20/20. Most people had a "just a few bit more" attitude and waited for more before deciding to sell off.

Lucky enough to not buy at those massively pumped up prices. People who "lost" money are mostly those who first heard of BTC during that rally.

Yeah! Those who were not with bitcoin during its dumps, they were not able to devise market strategies to take benefits of massive increase in the value of bitcoin. They simply decided to get hands on bitcoin in order not to miss the rally to moon. They were unaware of the volatile nature of bitcoin so when it started going down, such people did panic selling which ultimately resulted into losses.

That was what exactly happened with bitcoin in late 2017 and 2018 after the bitcoin started getting high lot of people just brought it as a method of getting rich quickly. Lots of people buy over 10k$ just trusting the hype that it would go 50k$. But as it drops maximum of such people did the panic sell. Though it may not be the only cause of BTC price drop that time but it was a major cause.

They think that the bitcoin would increase an unstapable of increasing but they did not know that if it reach into high value of money, there are a lot of people who sell their coin as their profit and it cause of the price go down in year 2018 and until now we can't see its growing value like before.

suvo05

sr. member

Activity: 1162

Merit: 260

Quote from: Triffin on November 11, 2019, 02:03:09 PM

Quote from: Mometaskers on November 08, 2019, 09:29:04 PM

Quote from: Memminger on November 08, 2019, 12:54:31 AM

Quote from: Mometaskers on November 07, 2019, 09:01:48 PM

Quote from: Edraket31 on November 07, 2019, 07:38:44 AM

Quote from: Mometaskers on November 06, 2019, 08:24:49 PM

Quote from: BitHodler on October 14, 2019, 02:33:35 AM

snip

My introduction wasn't really btc related projects but btc itself. Went something like "Look at the price, it's gonna blow up soon and you'll profit". I think it was like that for most people. RIP to those who got in right before it crashed though.

Of course we profit mostly when exchanging it for fiat since price relative does take large swings every now and then and a slow upward movement over the years.

Anyone who had been in the cryptocurrencies for a while when that price surge happen knew that something was up and would soon crash since the support had been stretched thin through the next ATH after another breaking the previous ones. So it is better to wait for the price to came crashing down before buying while those who have bitcoins would sell half and another then half of their assets. This is the wiser way but you know people are driven emotionally expecting unrealistic and risky mindsets.

Yes, it looked anomalous. There seem to be no good reason for it to rise up like that. But then again, hindsight is 20/20. Most people had a "just a few bit more" attitude and waited for more before deciding to sell off.

Lucky enough to not buy at those massively pumped up prices. People who "lost" money are mostly those who first heard of BTC during that rally.

Yeah! Those who were not with bitcoin during its dumps, they were not able to devise market strategies to take benefits of massive increase in the value of bitcoin. They simply decided to get hands on bitcoin in order not to miss the rally to moon. They were unaware of the volatile nature of bitcoin so when it started going down, such people did panic selling which ultimately resulted into losses.

That was what exactly happened with bitcoin in late 2017 and 2018 after the bitcoin started getting high lot of people just brought it as a method of getting rich quickly. Lots of people buy over 10k$ just trusting the hype that it would go 50k$. But as it drops maximum of such people did the panic sell. Though it may not be the only cause of BTC price drop that time but it was a major cause.

South Park

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Activity: 2884

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I am terrible at Fantasy Football!!!

Quote from: syamster on November 07, 2019, 03:21:15 PM

Quote from: South Park on November 07, 2019, 01:35:15 PM

Quote from: Getmon on November 05, 2019, 08:38:23 AM

It is my lesson learned that in convincing people about Bitcoin you should not focus in the future. They will not be convinced about it. They are thinking about risk and what will happen to their money. Instead of your predictions which are not a guarantee nor even accurate, focus in the past. Let them see how Bitcoin is transforming into a billion dollar technology from a simple attempt to contribute to a little to change the world. Let them see how the $9,500 Bitcoin started from $0.00000.

I am not really convinced that is the best way to try to get people to adopt bitcoin, I understand that everyone understand the language of self-interest and showing how an asset went from zero to thousands of dollars is really impressive but in that case they will adopt bitcoin only for the material gains they could get, and while professional investors will have no problem managing their emotions when the price goes down the average person will not be able to cope with their emotions and will most likely sell for a loss and then they will blame you for it.

so for involving the average people in bitcoin we should not force them to invest money in bitcoin while they does not know anything about it, the first thing must be their interest we should develop their interest in bitcoin by introducing them in this forum, staying in this forum they will gradually learn about bitcoin and i am sure that they will want to invest in bitcoin after knowing everything about it. so in this way if something bad happened they will not blame you and also they will learn how to deal with their emotions.

It is better to let people learn at their own pace, when I first got involved in bitcoin it was not because anyone convinced me, I just needed a way to buy something and bitcoin was the best choice, many people do not feel the need to inform themselves about bitcoin because they are perfectly happy with their fiat and the way it works, and it is the reason why I think that when fiat begins to show even the smallest hint that things are not right then there will be an increased interest in bitcoin and other cryptocurrencies.

Triffin

sr. member

Activity: 952

Merit: 251

Quote from: Mometaskers on November 08, 2019, 09:29:04 PM

Quote from: Memminger on November 08, 2019, 12:54:31 AM

Quote from: Mometaskers on November 07, 2019, 09:01:48 PM

Quote from: Edraket31 on November 07, 2019, 07:38:44 AM

Quote from: Mometaskers on November 06, 2019, 08:24:49 PM

Quote from: BitHodler on October 14, 2019, 02:33:35 AM

snip

My introduction wasn't really btc related projects but btc itself. Went something like "Look at the price, it's gonna blow up soon and you'll profit". I think it was like that for most people. RIP to those who got in right before it crashed though.

Of course we profit mostly when exchanging it for fiat since price relative does take large swings every now and then and a slow upward movement over the years.

Anyone who had been in the cryptocurrencies for a while when that price surge happen knew that something was up and would soon crash since the support had been stretched thin through the next ATH after another breaking the previous ones. So it is better to wait for the price to came crashing down before buying while those who have bitcoins would sell half and another then half of their assets. This is the wiser way but you know people are driven emotionally expecting unrealistic and risky mindsets.

Yes, it looked anomalous. There seem to be no good reason for it to rise up like that. But then again, hindsight is 20/20. Most people had a "just a few bit more" attitude and waited for more before deciding to sell off.

Lucky enough to not buy at those massively pumped up prices. People who "lost" money are mostly those who first heard of BTC during that rally.

Yeah! Those who were not with bitcoin during its dumps, they were not able to devise market strategies to take benefits of massive increase in the value of bitcoin. They simply decided to get hands on bitcoin in order not to miss the rally to moon. They were unaware of the volatile nature of bitcoin so when it started going down, such people did panic selling which ultimately resulted into losses.

Mometaskers

hero member

Activity: 1764

Merit: 584

Quote from: Memminger on November 08, 2019, 12:54:31 AM

Quote from: Mometaskers on November 07, 2019, 09:01:48 PM

Quote from: Edraket31 on November 07, 2019, 07:38:44 AM

Quote from: Mometaskers on November 06, 2019, 08:24:49 PM

Quote from: BitHodler on October 14, 2019, 02:33:35 AM

snip

My introduction wasn't really btc related projects but btc itself. Went something like "Look at the price, it's gonna blow up soon and you'll profit". I think it was like that for most people. RIP to those who got in right before it crashed though.

Of course we profit mostly when exchanging it for fiat since price relative does take large swings every now and then and a slow upward movement over the years.

Anyone who had been in the cryptocurrencies for a while when that price surge happen knew that something was up and would soon crash since the support had been stretched thin through the next ATH after another breaking the previous ones. So it is better to wait for the price to came crashing down before buying while those who have bitcoins would sell half and another then half of their assets. This is the wiser way but you know people are driven emotionally expecting unrealistic and risky mindsets.

Yes, it looked anomalous. There seem to be no good reason for it to rise up like that. But then again, hindsight is 20/20. Most people had a "just a few bit more" attitude and waited for more before deciding to sell off.

Lucky enough to not buy at those massively pumped up prices. People who "lost" money are mostly those who first heard of BTC during that rally.

Greed Dev

member

Activity: 490

Merit: 10

Quote from: NathanJB on October 13, 2019, 10:57:13 PM

Those who have been in this game for as long as 6 years are aware enough of the movements of the price Bitcoin. They know that despite all the price fluctuations one encounters along the way, the longer term will always be a world better. The prices of Bitcoin and so many altcoins a few years before were unbelievably cheap no member could have imagine it would balloon this high.

It is driven by a large manipulation organization that pushes its price up every year.
A decentralized market, no government, no law is too great for drug dealers and weapons to stay.
That's why our crypto market is condemned by many governments and this view is not wrong.
When those organizations see that bitcoin and alts are no longer valid, they can leave at any time. Therefore, we also need to be careful if investing from now on.

DaftAjax

sr. member

Activity: 532

Merit: 284

Quote from: syamster on November 07, 2019, 03:21:15 PM

the first thing must be their interest we should develop their interest in bitcoin by introducing them in this forum, staying in this forum they will gradually learn about bitcoin and i am sure that they will want to invest in bitcoin after knowing everything about it.

Just because they get involved in this very forum and read thru topics will mean that they will learn everything there is to know. IMO, the basic information they provide in this forum wouldn't be enough. Users must experience it first hand and should not just be satisfied by hearsays, sure you'll be aware of what might happen, but being confident in what you're doing would be the best case. I will not deny that reading gives you probably all the information you need to know, but it should not stop there.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: Memminger on November 08, 2019, 12:54:31 AM

Anyone who had been in the cryptocurrencies for a while when that price surge happen knew that something was up and would soon crash since the support had been stretched thin through the next ATH after another breaking the previous ones

Everyone is wise after the event

But in 2017 there were enough people even here, on the forum, who had been fooled and dizzied by the exponential rise of Bitcoin's price. Actually, most of the forum went off their rocker back in the day. It was no use trying to explain to all these people that the crash was sort of inevitable as they were extremely aggressive toward anyone who had been ever so slightly cautious and suspicious about so insane a rise. You would read things like "millions of dollars sitting in the orderbooks waiting to buy Bitcoin if there is a small correction". These dollars then quickly disappeared provided they had been there at all

Memminger

sr. member

Activity: 540

Merit: 252

Quote from: Mometaskers on November 07, 2019, 09:01:48 PM

Quote from: Edraket31 on November 07, 2019, 07:38:44 AM

Quote from: Mometaskers on November 06, 2019, 08:24:49 PM

Quote from: BitHodler on October 14, 2019, 02:33:35 AM

If there were no bull runs, there wouldn't be as many people here today. I found out about Bitcoin after 2013s bull run and had the luck that I didn't jump in right away, but waited until the price reached below $500 to start buying.

That's definitely one of the prime motivators for people to get into bitcoin. "Invest", take the profit and then get out. Got introduced to it around 2016 just in time to see it hit ATH a few months later. Boy that has set unrealistic expectations for me. Grin

I like to imagine that people are only taking out the "profits" and keeping in their principal (in BTC)

Price really matter for all of us, although I've been here before the bull run still doesn't mean that I don't care much about the price, agree with you, the price really matters. Check out those projects, the best way to market is to hype the price, to make some people profitable so that they can share it to their friends and relatives, this is the best way to make people curious actually.

My introduction wasn't really btc related projects but btc itself. Went something like "Look at the price, it's gonna blow up soon and you'll profit". I think it was like that for most people. RIP to those who got in right before it crashed though.

Of course we profit mostly when exchanging it for fiat since price relative does take large swings every now and then and a slow upward movement over the years.

Anyone who had been in the cryptocurrencies for a while when that price surge happen knew that something was up and would soon crash since the support had been stretched thin through the next ATH after another breaking the previous ones. So it is better to wait for the price to came crashing down before buying while those who have bitcoins would sell half and another then half of their assets. This is the wiser way but you know people are driven emotionally expecting unrealistic and risky mindsets.

Mometaskers

hero member

Activity: 1764

Merit: 584

Quote from: Edraket31 on November 07, 2019, 07:38:44 AM

Quote from: Mometaskers on November 06, 2019, 08:24:49 PM

Quote from: BitHodler on October 14, 2019, 02:33:35 AM

If there were no bull runs, there wouldn't be as many people here today. I found out about Bitcoin after 2013s bull run and had the luck that I didn't jump in right away, but waited until the price reached below $500 to start buying.

That's definitely one of the prime motivators for people to get into bitcoin. "Invest", take the profit and then get out. Got introduced to it around 2016 just in time to see it hit ATH a few months later. Boy that has set unrealistic expectations for me. Grin

I like to imagine that people are only taking out the "profits" and keeping in their principal (in BTC)

Price really matter for all of us, although I've been here before the bull run still doesn't mean that I don't care much about the price, agree with you, the price really matters. Check out those projects, the best way to market is to hype the price, to make some people profitable so that they can share it to their friends and relatives, this is the best way to make people curious actually.

My introduction wasn't really btc related projects but btc itself. Went something like "Look at the price, it's gonna blow up soon and you'll profit". I think it was like that for most people. RIP to those who got in right before it crashed though.

Of course we profit mostly when exchanging it for fiat since price relative does take large swings every now and then and a slow upward movement over the years.

Topic: BEEN IN THIS GAME FOR 6 YEARS - page 6. (Read 2527 times)