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wxa7115

hero member

Activity: 2814

Merit: 734

Bitcoin is GOD

Quote from: BrewMaster on February 02, 2018, 10:06:49 PM

Quote from: paul00 on February 02, 2018, 09:05:06 PM

the true purpose of cyrptocurrency is not to continuously rise but fluctuate since this is considered a new digital gold and a new digital store of value.

there are a lot of them that joined bitcoin for wrong reasons but this above reason is also wrong and this is part of the reason why the fluctuations are always this big.
the real purpose of bitcoin and cryptocurrency in general is to be a currency which is even in their names "coin" and "currency". decentralized currencies such as bitcoin need to be used like that not be advertised as "digital gold" or "store of value" if you want to see less fluctuation and more adoption.

You are correct but at the same time, a currency needs to be a store of value, the whole purpose of the economy is to be able to store our wealth and use it when it benefits us the most, this is why people save money and then use it to buy cars and houses, this aspect of a currency is so important that is the only one that bitcoin does well, after all being a currency is something in which bitcoin is currently lacking thanks to the high fees and slow confirmations.

bonusdeposit

full member

Activity: 224

Merit: 100

do not be too sure of the opinions of others, believe in something that can be calculated.
whether it's elliot waves or fibonaci which is certainly very clear its application in a very vast life.
and if you observe that right I think $ 2500 is the real thing for the end of february.
I'm not a psychic, but that's my opinion about your statement.

Requim

member

Activity: 166

Merit: 11

Quote from: bonusdeposit on February 02, 2018, 09:39:41 PM

really, most new players in the world of cryptocurrency, bitcoin in particular just see the gain of the old users are very fantastic in terms of adding assets from bitcoin.
they do not know cryptocurrency or bitcoin as a whole, but want a big profit like they imagine.
holder will always be a winner.
and being a panic seller, will only grind your funds, if you do not know what to do to cover this huge difference.

That's the main problem with the people who just started investing on bitcoin. You cannot expect to get the same income that early investors got from investing early on bitcoin in just a snap. Bitcoin can either grow or crash big time depending on market demand. Most likely, people who just started on bitcoin would lose appetite on it when market crashes, since they were not able to meet the expectation they were expecting from bitcoin.

jmlona

member

Activity: 279

Merit: 16

Quote from: paul00 on February 02, 2018, 09:05:06 PM

I have read of an article regarding BTC where the reality of being in Cryptocurrency is described. Some investors of BTC has panicked due to the sudden downfall of its value, however they have no idea that the true purpose of cyrptocurrency is not to continuously rise but fluctuate since this is considered a new digital gold and a new digital store of value. According to Ran Neuner, CEO of OnChain Capital, those BTC holder who doesn't know what they are actually into joined this community for the wrong reasons. Are you one of them?.

There are many who invest for the 'wrong' reasons, just like in anything, people are attracted by the idea of easy money and then they are the same guys who panic when things take a downturn. It's so important to believe in what you invest in because that way you can much easier hold and keep a lid on your emotions during the tough times.

fanbeila

hero member

Activity: 714

Merit: 500

Most of the users who have joined the bitcoin community have just joined for the wrong reason which is just to make huge profits within a small duration of time.They are impatience guys who contribute nothing but just destabilizing the market.

squatz1

legendary

Activity: 1666

Merit: 1285

Flying Hellfish is a Commie

Well that's one of the big reasons that Bitcoin is going to have the volatility that it has today. This is because all of the investors in Bitcoin are people who SIMPLY wanted to get rich quick from buying bitcoin, and they point around the times of ATH and didn't care about the tech at all.

These people are going to sell at the point where they think all is lost,so the fud is going to be the thing that hurts them and the rest of the market the most.

BItcoins tech and usability has not really ever been noticed yet, but we can STILL change that!

BrewMaster

legendary

Activity: 2128

Merit: 1293

There is trouble abrewing

Quote from: paul00 on February 02, 2018, 09:05:06 PM

the true purpose of cyrptocurrency is not to continuously rise but fluctuate since this is considered a new digital gold and a new digital store of value.

there are a lot of them that joined bitcoin for wrong reasons but this above reason is also wrong and this is part of the reason why the fluctuations are always this big.
the real purpose of bitcoin and cryptocurrency in general is to be a currency which is even in their names "coin" and "currency". decentralized currencies such as bitcoin need to be used like that not be advertised as "digital gold" or "store of value" if you want to see less fluctuation and more adoption.

aeternus

sr. member

Activity: 686

Merit: 250

Quote from: bonusdeposit on February 02, 2018, 09:39:41 PM

really, most new players in the world of cryptocurrency, bitcoin in particular just see the gain of the old users are very fantastic in terms of adding assets from bitcoin.
they do not know cryptocurrency or bitcoin as a whole, but want a big profit like they imagine.
holder will always be a winner.
and being a panic seller, will only grind your funds, if you do not know what to do to cover this huge difference.

This is why you cannot simply buy bitcoin and hope to get profits, you need to be convinced that bitcoin is going to be here for a long time, and that the technology is going to be used in the future, if you do not then it becomes really hard to hold your bitcoin when the price goes down, so those that want to invest in bitcoin need to convince themselves that bitcoin is going to be a success or find something else where to invest their money.

bonusdeposit

full member

Activity: 224

Merit: 100

really, most new players in the world of cryptocurrency, bitcoin in particular just see the gain of the old users are very fantastic in terms of adding assets from bitcoin.
they do not know cryptocurrency or bitcoin as a whole, but want a big profit like they imagine.
holder will always be a winner.
and being a panic seller, will only grind your funds, if you do not know what to do to cover this huge difference.

paul00

sr. member

Activity: 854

Merit: 257

I have read of an article regarding BTC where the reality of being in Cryptocurrency is described. Some investors of BTC has panicked due to the sudden downfall of its value, however they have no idea that the true purpose of cyrptocurrency is not to continuously rise but fluctuate since this is considered a new digital gold and a new digital store of value. According to Ran Neuner, CEO of OnChain Capital, those BTC holder who doesn't know what they are actually into joined this community for the wrong reasons. Are you one of them?.

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