Topic: I lost confidence in bitcoin (Read 913 times)

I also had lost confidence with bitcoin some time ago so that makes most bitcoin I sell to fiat, but after the price looks stable at $ 9000 then this makes me re-optimistic with bitcoin.

I also had lost confidence with bitcoin some time ago so that makes most bitcoin I sell to fiat, but after the price looks stable at $ 9000 then this makes me re-optimistic with bitcoin.

Hello everyone, I still have not lost confidence in bitcoin. But I admit when the price is the lowest for this year, I began to worry

After months of trading/mining what i learned so far:

* Bch pump, dump which has done for purpose to prove that bitcoin stays the original and the master

* jp morgan (zcash) problem that could make  him/them rich by attacking bitcoin with help from media and truing shorting on
* big support at 3000$ which i think its made from money shorted all the way down from 5000$, yes bit coin is unstoppable


* china gov +neo most popular chinese (pump 40$) ahm,sorry dump 17$ after using china ico/exchange threats
than pump again 37$ when the threats gone

*zcash wild  ride from  200$ to 400$ than back to 200$ done on purpose someone pumped the price than started selling, the new always come late to cover the fraud. i bet ppl didn't know edward sandosen was talking that zchach is next bitcoin, >>> lie zcash is a fork as it as bch born to feed btc.

*the rush to beat resistance weakly candle (done) and 5000$+ milestone backed by new fork, (yes this time we learn lesson from bch) so waht ? dump everything bch neo eth,  and leave ripple ppl think its a company not a decentralized crypto currency. neo went from 38 to 29 in hours when btc need to beat resistance and close weekly candle  last friday night, is that a coincidence? no ... no bit coin is the master coin and other coins are nothing if bitcoin fall so dumping other coins to save bit coin is a must, and other coins can be bumped easily later..

conclusion : bitcoin bump*fork*media*dump*support* cycle all  done on purpose and it sucks.

even that i see bitcoin rising right now, i lost faith and i feel like i am taking profit from something without value
you can think your self making good money and after week find your money more than halved , happened with eth, happened again with neo (aka china eth)

buying/holding is the best strategy, yes it is the best, but this big whales making big profit, when we holders hold our hope and pray, who assure to us this big whales don't turn away on us.., they are doing it now and they will blow the market if something big happen like gov banning btc /minning.

if you ppl with 1k 10k think your self will be millionaire, this guy who invest millions now will be trillionare ?.. no way the economy of all the world is not like this,



So guy any one has better explanation on whats going on ?

Loosing your confidence does not mean that you are defeated by net force. You can return with great decisions and with great knowledge so that your success is assured by your own. You do not have to feel in risk and insecurity but hope that the market still go the same in future as it is going from several days are encouraging us and we are going towards positivity and not loosing confidence because all you need is to take good decisions according to the situations.

Bitcoin is all about using it as a medium of exchange/payment system. Bitcoin is valuable today just because the early adopters used it as a payment system instead of hodling. It's our responsibility to do the same. However, since Bitcoin is still in the early phase of development, I believe that it is a good opportunity to make money out of it as a reward for bearing the risk of early adoption. Thus, I try to hold my 50% coins and try to spend remaining 50% coins. Unfortunately, I don't have even a single merchant in my town that accepts Bitcoin so I have to rely on the online options to do the same. The first priority is always given to using it as a payment system.

It is better not to trade Bitcoin. It is better to buy and use or hold for the long term.

Of course everyone would be disappointed with Bitcoin or altcoin if they only care about price and not about it's technology/usage.

do not be in a hurry to be disappointed, still a long time for the acceptable bitcoin in the world. if you have a big dream, and want to become a millionaire, do not give up easily with any conditions. all there are obstacles to achieve success, there is no easy and instant way.
bitcoin is now gradually improving, due to some positive news that makes bitcoin prices back up.
keep learning, I'm sure for the next few years, bitcoin will be an important part of life.

Exactly this is why it is so easy to trade Bitcoin and other alt coins. Especially in the bear market minimum 10% profit a day was usper easy.

I conclude that you feel like a failure and despair when actually losing some of your bitcoin, try again if you ever make a mistake or not, but I do not recommend you to stop, because bitcoin is promising some time ahead, you just make a strategy so that such incidents do not happen again and one more thing you need to remember the price of bitcoin is uncertain.

That's really true the complications are coming from people aren't trying their best to make bitcoin works. Losing confidence is a challenge for you to overcome. Because of that,you fear to accept critics and that triggers you to have lost the confidence in bitcoin. So better yet try yourself to calm down and all the things follows.