Topic: BTC will not DIE, People Die; Will you be the Last Man HODLing? (Read 538 times)

Agree. Many people are just saying that Bitcoin is dead based only on prices. However, the truth is that Bitcoin is alive and stronger than ever with increased development and innovation. What determines a cryptocurrency's life is the number of people supporting it. AFAIK, there are a lot of nodes and miners supporting the BTC blockchain, as well as, a variety of developers working on the pioneer cryptocurrency. If we base ourselves with the past price declines over time, we'll notice that history repeats itself.

Bitcoin has headed back into the 2013 - 2014 era where prices have declined massively from its $1,000+ ATH. It was only a few years later (in 2017) when Bitcoin's prices started to rise to the moon again. Which is why, there shouldn't be any reason to panic since Bitcoin will be here to stay for a long time. Only newcomers into cryptocurrency would say that Bitcoin is dead, but they're only considering the price in USD and not the real utility and potential of the cryptocurrency.

As for me, I'll be hodling Bitcoin for many years to come. I'm confident that it'll become much more valuable in the future than what it is right now. Besides that, Bitcoin has promising technology and it's the most secure blockchain available today. Therefore, only true believers of Bitcoin and blockchain tech, will hodl their assets no matter what. Just my thoughts

here's a taste of the current market sentiment. mother jones just ran an article proclaiming "the bitcoin con may soon be over".

they're just itching to say bitcoin is dead:


we've dropped to last year's prices. now they figure we're headed to less than dollar!

Yes that's true bitcoin will not die, mate ups and down are the nature of cryptocurrency. If the value is dropping it doesn't mean it's the end of Bitcoin. Continuous price fluctuations has crashed the market value, trust in this coin and wait patiently.

I don't think it is a far fetched idea that people might commit suicide because of bitcoin, the price dropped THAT much in one year. If someone really put all they had into bitcoin at the height of $20k times and right now checking the bank balance at $3400, that person could be inclined to at least consider it.

I know I have, multiple times, I had days where it was really difficult to find food, not that I invested any money into bitcoin but I work and get paid in bitcoin and sometimes I can't find any job to do which means there is little amount of money for me left and I had some really difficult days because of that.

I am feeling a bit better now, trying to work and go out to find a non-crypto job meanwhile but I can understand other people as well. Just try to think of good things in life when you are down and try to open up to other people, when I was feeling like ending it, I talked with my wife with the intention of letting her know so she could stop me and I wouldn't be capable of doing it just to not ruin her life, I feel better now so maybe anyone considering it should open up to someone they love and hope for a hand that would grab you and pull you up.

I can see you brought at a low price and when it hit high you did not sell because you figured holding was good for higher profits, but now that bitcoins prices have fallen you're ranting about your losses. I have always advocated hold theory, but I always add when you're in good profits cash out some and buy back in dips. The problem with you newbies is you'll don't cash out when it touches new heights due to greed, and then come back to blame bitcoins learn to cash out in profits and buy back in dips.

There are two types of investors or believers when it comes to longer HODLs but most of them would be categorize for those who do hold for pure profits and the others will really see the deeper side which
this is a great tech that cant really be died easily.It might decrease but it wont come to a point to become useless or doesnt have any value at all.
We have really seen this roller coaster ride for how many years but i dont know why people cant able to withstand the reality and telling things about dying. lol

It's true that Bitcoin will never die no matter what happens in the mainstream world. The pioneer cryptocurrency is too big to fail, which means that it's nearly impossible for it to be taken down by any third party anytime soon. While many people are disappointed with Bitcoin's constant decline in price, Bitcoin continues to grow stronger than ever in terms of development and innovation. Those who HODL Bitcoin will be individuals who believe in Bitcoin's potential to change our world for the better. They're not driven by price, but instead of the utility of the cryptocurrency in real life.

As for me, I've learned a valuable lesson when investing into Bitcoin and that is to never sell my coins no matter what (unless Bitcoin becomes valued at less than a penny). We've been through the same situation a couple of years ago, when Bitcoin went from its ATH to new lows. The pattern is similar to a rollercoaster where there will be periods when Bitcoin will rise, and others where Bitcoin will be in its misery. However, it's important to note that Bitcoin was designed to be a deflationary cryptocurrency after all. Which means that it's prone to rise back in value within any point in the future, IMO.

If someone tells you to make money through gambling ask them to return your money if you lose while gambling.  . Funny how some people think bitcoin is dead when clearly its way above where it was few years ago. Unless you got in last year or year before to ride the pump you would still be in profit.

people say bitcoin won't die, but what about the current market conditions? Bitcoin prices are getting worse and I don't know how much longer I have to wait and when I have to believe that bitcoin will recover

Don't try to sell logic to this forum, its all about the 'cult of bitcoin', HODL, block-chain, its all about feelings and passion and belief

Logic left the building back pre-2013 with BTC

I just wanted with this thread try to stress that BTC will never die, as hobbyists 500 years from now will study it to try to understand the insanity of our times, that said BTC will kill NOW/TODAY in our present 1,000's of not 10's of thousands of innocent people, and nobody cares. 100's of thousands of family's will get wiped out financially because of the bitcoin ponzi by the time the dust finally settles.

The last man HODL'ing bitcoin will be like that movie "AI" it will be some robot that discovers Bticoin some 10,000 years from now and finds it fascinating that humans went insane over randomly generated numbers, and that this led to their extinction, so yes there will be a 'last hodl-er standing', it just will not be humans.

Its a logic! If we will die, why do we need to hold? It is just like keeping all money that flies while we are running, until we see the finish line. Yet, we grab all the money (bitcoin), the finish line is here. We will die all and we need to satisfy our investment rather than to hold it forever. Because you don't know the future and anytime we may die.

Remember the history of Bitcoin (BTC) in 2009 to 2017, who expected Bitcoin $ 1000 in 2009 and penetrated at $ 20,000 in 2017, this is marked in the world of crypto as Bitcoin can happen, this is the same as in current bitcoin will not die he grows and growsI think that nowadays the influence of the world economy is not good, so we should have a lot of HODL against Bitcoin.

1. I am new in the crypto world, so I have the big hope of creating big profits from here.
2. I am sure that bearish will go, and bullish will come, even the prospect is slow.
3. I am proud have coins of crypto, especially BTC, XRP, and ETH.
they are my favorite coin.

so, whatever happens to the crypto market, I will always hold my assets.

only an idiot listens to others and holds. a wise person does his own analysis and when he sees the true potential he holds.

in first case the idiot is the one who buys too late (for example when this drop ends and price goes back way up) and then sells when the drop is at the end (like selling now at the bottom of the drop).
the wise investor however is always buying when there is a lot of FUD talking about how bitcoin is dead like these days and then sells when everyone is so hyped up talking about bitcoin and take it in a bubble like when price reaches $100k after this.

I have the same thoughts as you.
To me, the rise or fall in BTC prices depends very much on supply and demand in the market. There are now many small and inexperienced investors in the financial market. So when prices fall, the psychology is not stable and they sell off quickly. The price is high, but buy greed. Therefore, the market will face two opposite trends and will depend on psychology.
However Bitcoin does exist forever, depending on its technology and its applications to reality in the future.
Any product that is well-advertised without practical scratching will not exist sooner or later.

Based on this thought we can not confirm whether the BTC exists permanently or not at this time.
But smart investors always take advantage of the best times to invest in Bitcoin.

Every single man or woman who decides on what to do with his or her involvement with Bitcoin will only have himself or herself to blame. You do not just HODL because you have read somewhere that it is the best thing to do. You do not just put all your savings into Bitcoin because a friend or a colleague or a thread says so. You just do not simply jump into something because somebody is telling you to.

I do not like it when you try to play the blaming game, pointing fingers at other people when in fact the last call is on every single person. Everyone has the responsibility to do research, read, explore, analyze, understand, and so on and so forth.

If someone is losing his or her savings after following the advice of somebody anonymous in a forum who is saying that buying and HODLing BTC is the best thing to do, the loser is the one to blame. He or she and nobody else is solely responsible.

It was NEVER an investment, bitcoin is a speculative gamble, no different than a roll-of-the dice on odds or evens, and when you lose, you lose all

The people here endlessly telling others to HODL, should cover the losses of those who followed their instructions.

I believe the entire reason for the "HODL" narrative, is they can argue in court that it doesn't mean "Hold", it means whatever they tell that it means,

Many people here believe that dishonest criminal narrative that bitcoin is coming back, it ain't, and its impossible that it will come back, as the Trillion Dollars 'lost' post most recent bubble are gone, and not coming back,  to refill the crypto ponzi would require finding a alien force outside of this world to re-finance the crypto ponzi. No source on earth can or will replace the lost wealth post 2018.

Because this site has been rampant for years for pumping&dumping bitcoin,

The losses are in the 100's of billions of dollars, many people destroyed, can't have it both ways, in the collapse of all speculative ponzi bubbles in history the lawyers have the last word and the pumpers&dumpers go off to the gallows,

LMFAO, who the hell will do that? If you know someone will do that please send me his information.

Are you out of your mind? If there is someone ask you to hold and will give you a return to your loss then everyone will invest without risk.

All investment has a risk of loss the only difference is that if you invest on making your own business is you can lessen the risk percentage of your loss by making an strategic plan.

Why the community is being blamed on your post? I do care for those lives that were being wasted due to the depression that they have been dealing with because of the losses. But we are also telling if someone wants to invest, DYOR and invest what you afford to lose.

Someone who is putting his life savings to crypto doesn't mean that he's a total enthusiasts, he sees that there's potential profit so he is gambling with it. There's nothing wrong with it if he affords to that, I'm sorry for those people that are going on with this stress but we're all sharing the same feeling.

If you put all your money in crypto, it means that you are a stupid person who is currently experiencing severe depression for the huge losses that you experience. Spending money on bitcoin does not need to spend all your assets, what people keep on HODL are those who only set aside part of their assets in crypto, so you don't need to be afraid and whine about losing this incident.

So now suddenly you're talking about if "blockchain is a new technology or not? Can you even decipher what's being discussed? Man, this place is overflowing with dumb turds!

If you were a "professional developer" you wouldn't be flapping your stupid little mouth further proving your ignorance of the subject. My point was about the utilization of blockchain based products and how it is not just tied to cryptos, what does that have to do with the nitty gritty of coding? or do you think throwing around random programming terms would make you sound like you know anything tangible about blockchain? You already exposed in your initial post your lack of understanding what blockchain is and can do, so stop trying to save face with irrelevant nonsense.

each person will give his opinion to others, but I think all those decisions are your decision. well, when you keep holding back and experiencing a mess, I don't think you can blame anyone else for that. all controls are on you. holding back is a choice.

It all depends on individual financial needs because if you have invested your spare funds and not in a hurry to withdraw those funds and believe in cryptos then you can hold them for long. Also if you can buy some more in dips to average down your buy price but some people might have invested borrowed money. Those kinds of people should fix target price before buying for both losses and profit. Once they reach those targets just sell and wait for right time to enter the market again.

You talk a lot of shit, and dump company names but NAME a real product.

Hell even Taleb and Friedman frequently comment, "BLOCK-CHAIN has not produced one single useful product, other than bitcoin, if you can call that useful'

How in the hell do you think that Block-Chain is something new, there's not a single thing in the code revolutionary, the only novel thing about satoshis white paper was his solution to the double spending problem, a system of +51% trust,

But the actual code, for christs sake name a damn sub-routine call in the code that's revolutionary?

Its just a linked list of blocks of hex code (transactions), not a damn thing new at the time, data-structures are not new, crypto was all NSA public algo's so is the hashing,

This is why high-school kids can clone BTC, because its trivial code if you understand how to read C/C++.

Of course, day trading and short-term investments bring more profit than the usual hodl, but do not exclude its usefulness. For some coins hold is really useful and helps to get a good profit. It is worth saying that you do not need to use hodl for all coins. You can trade and holding at the same time.

YES

...

Great Answer, we have found the last man standing Just like the movies, ... The last man standing, is the real winner

IMHO if you want to be that last, you need to BUY-LOW/SELL-HIGH, but for right now we're heading towards the $1k floor and then will test the $400 floor.

HODL is the last thing you want to do, when you know that your near the top of a parabolic-rise, and its NOT coming back,

The only chance of a future parabolic-rise, would be if BTC goes back down to near $100 and which may or not be a bargain, even then, as its has no intrinsic value.

At this very moment, in places with poor security and poor financial infrastructure, Bitcoin enables more efficient trade and wealth creation.

https://www.coindesk.com/a-war-torn-country-in-syria-will-use-crypto-to-power-an-anarchist-state

https://cointelegraph.com/news/how-venezuela-came-to-be-one-of-the-biggest-markets-for-crypto-in-the-world

It is not a technology that creates utopia like some people claim. However, it is a successful hedge on the existing financial system. It does work in the real world for all the purposes of currency. It is also a way for people who wish to be free from the economic violence that the G7 promises for non-cooperation (economic violence being a proxy for hunger and death).

Bitcoin is the only currency in the world which can be instantly sent from one side of the globe to the other and not be controlled by an outside power. It is also one of the few ways of storing wealth that a corrupt government can not easily steal.

Bitcoin is a great thing and will only grow, especially in the developing world where these problems are every day occurrences. The downsides of Bitcoin are far outweighed by the upsides. Some people have no choice but to use Bitcoin today, and that will only increase if the world spirals into a recession or depression.

All your alt's are down -10% today, ... I hope you enjoy buying on the dip,... sure way to the poorhouse.

BUY any crypto is a  roll of the dice, 50/50 and the trend is now solid down, but do go all in, Darwin needs fodder

Another negative mind set that influence those newbie not to hold but to panic sell. We have different  strategies on how to trade or invest we are in the time of falling if you looking back the past of bitcoin on to to fluctuate if you understand you didn't  say this kind of words. The word hold was for the people who still taking a risk and have a strong faith that bitcoin will rise and we are not like you mind set.

Well there is an intelligent man in the building.

So I will ask this question, What is the 'successful deployment of bitcoin' name one, or two, or three;

I'm a professional developer, thus I would like to know about this 'success' you speak of, to me block-chain is just peer2peer networking hobby, like torrent; Yes, successful, but in terms of creating real jobs say like Oracle,  much of what I see is VC startup's trying to use block-chain to run the next unicorn, but largely just burning other peoples money. Block-Chain like bitcoin has largely become just another con-artist buzzword to sell 'shit'

IMHO this is another "Urban Myth of Bitcoin, that block-chain is Unique, or valuable"

Yes, we don't need shit-coins, but sadly we have +2100 shit-coins and their mother begat shit, so what that make her? ( Mother btc, father a NSA/CIA ghost name satoshi, but supposed to return like Jesus )

Good day! If you have good alts and with the current situation now, I would suggest hold of course than selling them at a loss. Cryptocurrency is a gamble and we should not put all our money here. Learn how to make profits from small capital. Start to 10%-20% gain to 100% profit which you'll earn usually by patiently waiting. But if course invest and trade only those coins that have potential.

"We don't Force you, we just tell you what to do"

People on this board are told 24/7/365 to HODL, that everything will recover, that is an absolute lie.

We all have different strategies in every investment that we have, if you are confident about that then why bother to listen to any FUD? People can say hold or sell but its up to you if you will follow that advice or not. Its normal to hear HODL in this community, because we know the feeling of solding your coin at a huge loss. This kind of strategy will test your patience, you may feel uncomfortable but I’m sure it will be worth it.

I support daily trading as a way for making money.
But I hate seeing people buying Bitcoin and holding it for long time. I think it is not the right thing to do since Bitcoin is a payment system not a store of value.

There person say you should hold is rather preventing you from losing your asset by selling them cheap now since there is a potential gain from holding in case there is a breakout in the market and things turn upward.

You need to do your own research before you want to buy bitcoin, there are risks that you need to know before you invest, and yes we ask everyone to hold when the situation got bad because we don't want to cause panic sell and we also don't want to make the situation worse, but if you still insist want to sell then its your choice, dont blame people when you lose money in investing, nobody force you to invest

HODLING is for idiots who do not understand the fundamentals of investment, how to make money off of trading and who can't differentiate between the concepts of investment in stocks vs crypto.

I had said back in December last year when people were falling over each other acting all crypto experts and proclaiming cryptos about to take over the world - I had said at that time that it's a speculative bubble that will burst soon and most coins will be left eating dust by mid 2018. I had also said that only a handful of top tier coins will survive with a meaningful utility. Most laughed off at that time and these are same ones who are now crying blood through their eyes, opening up threads after threads screaming "why ... why?" and desperately pleading with people to go and buy more coins as this is the "buyers market"    

Blockchain technology and crypto coins are two distinctively separate entities. Blockchain does not need coins to sustain itself. There are software companies who have already successfully deployed tools using blockchain technology but without the nonsense of crypto coins.

Crypto coins on the other hand, have no practical use in our daily life other than a novelty. What is the business case for carrying 200 different types of crypto coins to carry out your daily activities when you can simply use existing fiat structure with much less hassles? BTC and few others may get mainstream traction but to think they can replace existing banking, financial and fiat structures is nothing more than a dumb fool's daydreaming.

People go on here about the 'death' of btc, but they ignore suicide, and massive depression that BTC has caused.

Gradually as people are destroyed, they walk away,

It's common when people are ripped off they don't report to the police, they're embarrassed, and they embarrassed on this forum to admit they got fucked by the btc 'community' of common  criminals.

BTC will never die in our lifetimes, because it will have novel collector value, just like 1982 IBM pc's or early apple computers, or Lotus 123 spreadsheet(software)

But the PEOPLE, these people who put their entire life savings down on the table, and followed the MANTRA of "HODL", those people will be dead men walking, they will have died.

Does the community ( CIA, traders, exchange criminals,... ) do they care? Of course not, this is standard sociopath behavior, Darwinian selection.

Like I have said, Every time somebody tells you to "HODL", ask them to send you a check, so you an recover your losses, or ask them to send you some BTC, so you can sell and pay off your DEBT to BITCOIN.