Topic: First day I have doubts (Read 3167 times)

Every MACD chart is bullish as fuck Soon the 1w chart!!

A few more of these posts and I'm really convinced we reached the bottom.
I actually bought a few extra this week and keep a very low amount of fiat ready if it even gets lower, but I doubt it.

Many people think the quote goes "Money is the root of all evil"....

In actual fact, it is "The *love of money is the root of all evil".

Those who are willing to treat others in a way that they would not want to be treated themselves merely in order to gain financial advantage are the truly sad people of the world who think that scamming others, thieving, and generally abandoning your principles are acceptable paths to wealth.

I personally know quite a few millionaires closely both as friends in some cases and clients in others, and I can assure those who want to be there, that once you are "up there", a whole new slew of problems will appear in your life to replace the old ones of "not having enough money"

Protecting it, avoiding those who want to steal/tax it.  and the worst of all..  Wondering which of your recently acquired "friends" would still like you if you *werent wealthy...  One friend who "made it" has confided in me that I am one of the few people he feels comfortable talking with, because "I knew him and still liked him when he was poor (before he made his millions)"

Im not where he is, but you know what, having seen it up close, Im not sure that I *want to be..

If Bitcoin succceeds and helps enrichen me as a side benefit, well and good, but I will be *happier to know that it has helped free many from the problems of a manipulated fiat money system and hopefully not just acted as a an instrument to transfer wealth from one group of sad people to another group of sad money grubbing people.  

This and my earlier remarks were not directed at the opener of this thread, but rather the gleeful trolls and FUDsters who take every opportunity to discourage people whilst obviously (as someone else said) having an agenda to make it worth their time hanging around spreading fear and gloom.

ok, /moral waffle.

Lots of trolls, and also lots of cheerleaders, but seems to me that the OP was a genuine expression of one individual's feelings toward the bitcoin evolution. That sentiment is not a rare one these days. There are so many people who have become excited about Bitcoin or altcoins, only to be let down by unscrupulous scammers, or outright thieves, or social deviates, or whomever. it's not even that you have to be directly affected, you just listen to the media coverage. In my opinion, Bitcoin is an amazing and useful innovation,  and the biggest problem is the selfish folks who are constantly trying to take advantage of others, and the negative press around these folks and their activities.

TT

One thing is sure. The guys who are here with hundreds of posts and only writing about death of bitcoin and how shitty it ts etc. are here with an own agenda! And that is lowering the price to short or to buy themselves in as cheap as possible and to sell with profit in the next way up.

I ignore all these posts. Cause it is so damn obvious what they are doing. And if you're in for long term then also think in long term. And as I and some others here mentioned only invest what you can afford to loose!

why do you have 630 odd posts and hang around on a forum thats dead and isnt going anywhere
it just doesnt add up

is someone paying you to spread the FUD or are you trying to drive the price lower ? either way its pathetic and everyone can see through all these doom and gloom preachers who spend most of their waking hours here telling people btc is dead ..........

Look out for satoshi doxxin himself. Hell be the guy holding the last btc before the ship goes under

Sunrise? It'll be dead and gone within the hour.

Why, it's tanked by almost $10 in the last 15 hours alone. 

definitely best to sell all coins! this thing is tanking bitcoin will be gone before surise..or sunset depending
where in the world you live.

The real pussies are the ones crying hard because the coins they bought while riding the most recent up-wave arent worth the 5x or 10x they were hoping for *right now.

The bears/trolls saying "see, told you so ! you should have sold at X" arent even worthy of serious contempt.. they're just laughable at.

Its as if these people arent even aware of the availability of the history of Bitcoins price charts (*not value) and the proof that it has already done this several times, and will likely continue to do it again and again for quite a while yet.

Thanks to human nature (majority just trying to make a quick buck without any real understanding of what they are doing it *with) and the design of bitcoin being inflexible in supply (which is a positive point in the long term, and negative in the short term), the price will very likely *continue to oscillate with a gradually decreasing amplitude (on a *logarithmic scale) over a period of *decades.

Every time it booms, a swarm of newcomers grab coins not wanting to "miss the train/boat/whatever", driving the price into a wild upswing.  then some traders take profits, sending it down, and the short-term thinkers panic and jump out again, sending it down faster causing a big dip.

Trolls and chicken-littles like to use terms like "Crash, Bubble, Ponzi" etc without any consideration of the fact that this behaviour was anticipated and expected a long time before they stuck their heads up and started venting their opinions..  

Anyone with a basic understanding of economics would predict this cycle of surge and drop-back as adoption and market penetration grows, given a limited-supply item like bitcoin.  Its *not like other money that can be printed at will to smooth out surges - and can also be printed at will to *steal value from those with savings without them being able to do anything about it.

If you johnny-come-lately profit-seekers's actually bothered to actually look into the history of bitcoin and think about it, you would realise that these waves are a predicted and *necessary phase of its adoption, which I think is proceeding quite well.

I realise its hard to be rational in this place, surrounded by so many doom-sayers and hype boosters, its like trying to be calm in a room full of manic-depressive shouting people.

Realise that right now the price *is largely pure speculation, with a gradually but consistently increasing base of actual *value as infrastructure grows steadily.

Try widening your viewpoint over a longer period than just the last cycle (regardless of where you jumped on board), think about the tech, whether there is anything better or even comparable on the horizon, ignore the alt-coins fraudsters hawking their wares, the obvious trolls who are probably talking their book to try and short with maximum profits, and see if you think that this technology has potential to change the worlds finance systems for the better.

If you do, back it to whatever you feel comfortable, dont be stupid and risk your lifes savings in the hope of future profit (or if you do, dont come crying here, it was your decision to do so), and avoid the "I have lost all hope !" Emo B.S. because the price wave is currently going down lower than what you paid.

Grow up, open your eyes, look at the big picture and think for yourself, or you will always get taken for a ride by whoever shouts the loudest and manages to convince the ignorant short term thinkers that "everyone else is doing , you should too!"

And the band begins to play...

if this ship goes down.  i'm going with it.  telln the band to start playing now.

Doubt is normal, but the more people doubt the more they fear.  Fear leads to panic and panic leads to depression.

This is a new age, set aside your doubt and fears and watch this age grow.

 

Thanks bud. You da man!

That's the spirit, Bob!

Its kinda hard to be optimistic with btc in the shiter. I mean, Im still in the green but what about everyone who bought in above $250? Most of those guys must be crying buckets today.  On the other hand I do have cold wallets put away for 10 and 20 years. So if btc does pop and goes somewhere I'll be locked in for the ride. If it goes to zero I'd be cool with that too as I've taken way more profit then I stand to lose with my cold wallets going to zero.

Don't worry so much.  On one hand, you might just say that we're getting back to normal after the wild ride the speculators took us on.  Notice that transaction volume and network hashrate are basically stable or growing.  People are still interested in bitcoin and it will be around for a long time to come.  They hype will come and go as is normal.  Think about other important community projects like GNU/Linux.  Sometimes Linux was in the news as 'oh my god it's gonna take over windows, Bill Gates is crying at night!', sometimes people were saying 'oh my god this is the year that all Linux users have a heart attack and die at once'.   In the end, neither one of those was true.

That´s a pretty optimistic view 

Its gonna look and feel like its been looking and feeling for the last 12 months!

Very hard not to have concerns when reading the troll filled forums daily,i know. Good to take a break and consider why you originally invested, make your own choice (forums good to read but make it your choice ) have faith hold if not sell and don't look back. Myself bitcoin has always been a fun gamble with great tech, put in what i can afford to loose, plus side at these prices greatly out weighs possible loss to me. Best of luck op in your choice.