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Topic: How can you say that the price is Tanking when we're.... (Read 762 times)

legendary
Activity: 1106
Merit: 1005
+54% these last 6 months and +123% for 365 days now.

Cryptocurrency as a whole is up +333% over the past 365 days.   

Bitcoin is missing out a lot on this cryptocurrency boom.
hero member
Activity: 3094
Merit: 537
Leading Crypto Sports Betting & Casino Platform
I am not happy al all. The price should be 1$ or 1000 000$ Then i am happy. A because i could buy more, and b because i could retire and starting to help the poor.
If the price was as low as $1, Bitcoin actually would be dead and you would never be able to use it (or probably even exchange it for fiat).
But it looks like just a dream, Please just realize about the fact if the bitcoin will never worth $1 in the future. This just the matter of time until the price of the bitcoin will be come back as soo as possible.
The charts are trying to resist the bad news and rumor such as the blockchain splitting and another FUD by the BU shills.  
sr. member
Activity: 434
Merit: 250
Weak hands get scared any time the price drops a couple percent. 
Most investors are looking to make a quick buck and have no long term plan. Thats why money moves between Bitcoin and Alts. 
Anyone with long-term perspective isn't scared just because the price drops $100.
legendary
Activity: 1372
Merit: 1032
All I know is that I know nothing.
because people want an "always rising price" and that simply is not possible. traders will cash out and get in and repeat to make profit and the rise happens over time when adoption grows and demand goes up.

and since they want something impossible they become surprised when price doesn't change according to their dreams and that finally leads to panic sells and then regrets.
legendary
Activity: 2268
Merit: 1278
+54% these last 6 months and +123% for 365 days now.

Everybody has a short term memory. They are looking at what happened in the last 1 month.
Or they are comparing Bitcoin's price movements with others like ETH and Dash.
I'm actually quite happy with ether. I bought a nice chunk for someone, with a commission, and then sold it for him with a profit, with another commission. We both made out. Win-win.

You made some money without taking any risks. That is everybody's dream in the risky crypto world.
Not everybody is that lucky.  Smiley
It's not really luck. I just looked at the available options and picked something that worked for me. All you need is some fiat for liquidity, a localbitcoins ad and enough of a personality and business ethic that people will want to do business with you. And yeah, making money without any real risk is totally sweet.
legendary
Activity: 3472
Merit: 10611
it is all a game.
when you want to spread FUD and say bitcoin is "dropping like a stone" you show a picture of 30 minute charts with a big red candle going down to oblivion and then add $700 in your comment.
when you want to say moon the same thing goes, a 30 minute chart with a sharp big greed candle and add a $10,000 in your comment.

and it seems like people have started to believe in their eyes more than their brains these days and forgot about the middle mouse (scroll) button to zoom out!
legendary
Activity: 1232
Merit: 1000
+54% these last 6 months and +123% for 365 days now.

Everybody has a short term memory. They are looking at what happened in the last 1 month.
Or they are comparing Bitcoin's price movements with others like ETH and Dash.
I'm actually quite happy with ether. I bought a nice chunk for someone, with a commission, and then sold it for him with a profit, with another commission. We both made out. Win-win.

You made some money without taking any risks. That is everybody's dream in the risky crypto world.
Not everybody is that lucky.  Smiley
legendary
Activity: 2268
Merit: 1278
+54% these last 6 months and +123% for 365 days now.

Everybody has a short term memory. They are looking at what happened in the last 1 month.
Or they are comparing Bitcoin's price movements with others like ETH and Dash.
I'm actually quite happy with ether. I bought a nice chunk for someone, with a commission, and then sold it for him with a profit, with another commission. We both made out. Win-win.
legendary
Activity: 1918
Merit: 1012
★Nitrogensports.eu★
+54% these last 6 months and +123% for 365 days now.

Everybody has a short term memory. They are looking at what happened in the last 1 month.
Or they are comparing Bitcoin's price movements with others like ETH and Dash.
newbie
Activity: 40
Merit: 0
I am not happy al all. The price should be 1$ or 1000 000$ Then i am happy. A because i could buy more, and b because i could retire and starting to help the poor.
If the price was as low as $1, Bitcoin actually would be dead and you would never be able to use it (or probably even exchange it for fiat).
sr. member
Activity: 392
Merit: 250
I am not happy al all. The price should be 1$ or 1000 000$ Then i am happy. A because i could buy more, and b because i could retire and starting to help the poor.
legendary
Activity: 2268
Merit: 1278
Because traders are emotional cripples. Long term investors are quite happy with the events that are currently unfolding.
newbie
Activity: 40
Merit: 0
+54% these last 6 months and +123% for 365 days now.
Because it's still reasonable to look at this from the perspective of current events.  Sure, this is a great way to look at it (like Bitcoin will always go up), but it's still fair enough to suggest the price is tanking because compared to the high price recently, it's pretty low.
hero member
Activity: 910
Merit: 523
+54% these last 6 months and +123% for 365 days now.
It is always matter of perspective. Traders are tainted by the fact that recently we have short period of stability at high price.
We already forgot times before halving, when price was very low - below $500.
Normally at times like this we would blame volatility - but now everyone is blaming BU or scaling problems in general.
Because bitcoin price affected by those factors, so it will fluctuate since people buy the news.
When we were talking about bitcoin ETF, people believe it and buy bitcoin. Then, current matter is block size which related to BU and SegWit, people become so confuse and conscious whether bitcoin will divide into 2 coins or not  even maybe the price will crash, cause massive sell out to get as much a money they could.
member
Activity: 108
Merit: 10
+54% these last 6 months and +123% for 365 days now.

 Because they're looking for short term gains. Very hard to be a day-trader, methinks. Glad I'm in for the long haul. Of course, everyone wants to get rich...quickly or otherwise. Although BTC absolutely does need the daytraders money/action/whateveryou wanna call it, the question becomes: Do you believe in the idea of Bitcoin.
 As with anything, don't spend more than you can lose and if you believe in a new, BETTER system, put your money where your heart is
 Then again, easy for me to say because I'm in from way back...so what do I know?   Grin Grin
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
+54% these last 6 months and +123% for 365 days now.
It is always matter of perspective. Traders are tainted by the fact that recently we have short period of stability at high price.
We already forgot times before halving, when price was very low - below $500.
Normally at times like this we would blame volatility - but now everyone is blaming BU or scaling problems in general.
full member
Activity: 156
Merit: 100
+54% these last 6 months and +123% for 365 days now.
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