Is bitcoin a failed experiment? - page 6.

camito

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Quote from: FightThePower on February 27, 2020, 01:49:23 AM

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all. Today I think BTC is a failed experiment. What are your thoughts?

Price failure or success is constant and the change it may inflict on us does not mean we have to panic or resort to the last possible solution immediately. We have to have a calm state of mind to be able to make decisions regarding to sell or to not sell BTC. If COVID-19 tested BTC's future, then we must know that there are already measures or explanations regarding this. Other users of BTC are here to guide us and as far as I'm concerned, deciding is weighing between pros and cons.

samcrypto

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You used to be here and experience the volatility and now you’re giving up? Well, its a big loss to you if you do sell your bitcoin at a lost and I don’t think the whales will allow bitcoin to reach the $1 price even if there’s a threat right now. Bitcoin doesn’t failed, investors are just panicking and if you can see bitcoin its technology is still the same despite of its price.

BuNga_cute

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I will not blame your opinion as a newbie, it is only natural that you as a newbie see the price movements of a declining bitcoin these past
few days. Being panicked and pessimistic about the future of bitcoin, in my opinion you don't need to panic if bitcoin suddenly down like now.
Because bitcoin prices are indeed very volatile, so sometimes up and down suddenly is normal. What you need to do now is buy bitcoin again
if you still have capital left, but if you don't have, just hold capital the bitcoin that you have now. Take a look in the next few weeks the price
of bitcoin will improve according to my predictions.

batang_bitcoin

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Stop the fud and do whatever you want. Sorry if you have been feeling like that but natural calamities and situations that the world is experiencing now are out of our scope and it's very unpredictable. If you think that bitcoin has been hit by ncov, it's not just the bitcoin ecosystem that's being affected much but the other markets are down as well. I think you need to picture out the whole scenario before thinking that btc is a failed experiment.

gundala

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After reading the topic of the OP and the responses from other members, I came to the conclusion that the OP did not understand the cryptocurrency ecosystem well. I thought the OP was experiencing an unsuccessful experiment to get instant wealth with BTC, then complained with its unfounded analysis. For those who already understand the BTC ecosystem, certainly will not give up easily with price reductions, especially if they have committed to long-term investment, BTC travel for the past 10 years can be an important lesson for not giving up easily. Hopefully, for new investors who want to study this ecosystem better, nothing is instant, don't trust unclear signals, let alone those offering will multiply your capital at certain times.

alexsandria

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Quote from: Sadlife on February 27, 2020, 09:06:05 AM

You're telling us you've been a bitcoin believer for quite some time. But your account in Bitcointalk is a newbie, why haven't you heard about this forum all this time ? where all the bitcoin enthusiast, crypto trader and investor gather. Perhaps you're one those fear mongering stock investor that wants to spread FUD.
Sorry man we've seen this kind of market time and time again.

Bro it is not just he is a bitcoin lover he already need to be part of this forum, many people learn how to trade by just watching on youtube or different social media platform and also what if his account is newbie is it necessary that if you are a bitcoin lover you need a higher rank on this forum what if all of this time he doesn't know about this forum and what is going on here.
Not all of the bitcoin or crypto enthusiast bitcoin trader or investor are in this forum already there is some people out there who is just watching some videos on youtube or promoting on different social media platform about bitcoin.

Sadlife

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You're telling us you've been a bitcoin believer for quite some time. But your account in Bitcointalk is a newbie, why haven't you heard about this forum all this time ? where all the bitcoin enthusiast, crypto trader and investor gather. Perhaps you're one those fear mongering stock investor that wants to spread FUD.
Sorry man we've seen this kind of market time and time again.

Pamadar

legendary

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Statement comes from a so-called Bitcoin supporter, not sure how will you justify your claim that the value can fall up to $1 or no value at all. If you already lose your trust it's better to quit and sell everything that you have. There's no space to anybody who thinks that this industry only have progress in terms of rising it's value. The cycle is there to bring situation that real supporters needs to overcome while waiting for the best outcome of their investment inside.

Vanti Jena

newbie

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I find it quite funny to read your mind. You are thinking more about negativity in the market already. I have also entered this market with the belief that it will change my life. Because this market is just an emerging market and it is still showing more positive trends. We are here for different purposes, the immediate difficulties can be a sign for the whole crisis of the world economy. And I also think that when the economy is in crisis, it may no longer be a safe haven for your assets, and we will need to find new storage. And perhaps BTC will be a safe choice.

Docnaster

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Quote from: FightThePower on February 27, 2020, 01:49:23 AM

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all. Today I think BTC is a failed experiment. What are your thoughts?

I get what you are saying @FightThePower, and that you're fed up with the volatility but seeing this much distrust in the market is very interesting to me.
Fair enough, I'm sure you have your motives for saying and thinking that BTC seems to go towards a rapid crush but one thing I would like to ask you about is how do you know the coronavirus caused this?

I have the feeling this is an opinion as I can't find a direct measure linking this. I'm asking this as I want to update myself with this knowledge, and it would be important for others to know as well.

Reid

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Quote from: FightThePower on February 27, 2020, 01:49:23 AM

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

All of us here will respect your decision. There is still a lot more people out there who want that BTC that you own.

Quote from: FightThePower on February 27, 2020, 01:49:23 AM

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Has it been 10 years already? You are actually in the right direction but just impatient.

Quote from: FightThePower on February 27, 2020, 01:49:23 AM

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all. Today I think BTC is a failed experiment. What are your thoughts?

Really? Are we going to use this virus as the reason for a failed BTC?
Why not a nuclear strike? Why not if Satoshi is found?
Why not the fall of internet?
There are a lot of bigger reason out there and you are leaning to just a virus for a market to fall?
Be wiser than that!

dothebeats

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Yep, another troll post it seems. A viral outbreak does not measure the strength and effectiveness of a financial system, moreso its ability to help in such times. You can't cure COVID-19 with bitcoin in the first place, so why would anyone think that bitcoin prices are tanking down because it never helped in controlling the said virus?

This is the problem with people capable of limited thinking and unswayed perspectives: they only think of a single, possible and accepted scenario for them and that's it. Bitcoin was never designed to be the miracle currency of humanity.. It never was, it never is, but that doesn't make it any less successful than what it is now.

XCANA

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you're not inline with the technology Buddy, believe me that, you can't get rich quick. Many who have this type of your thinking ended up like this and later see Bitcoin as a long-term investment and not short term. Bitcoin has not failed and will not fail, just need to follow the technology and get friendly with it, that's all. Buying of Bitcoin and selling for profits errand has come and gone, ensure you invest on a long-term in Bitcoin.
According to Dr. Bruce the virus has decrease in its spread , so, let's wait to see the end of this fight as positive news are trending inn.

Ridwan Fauzi

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The first conversation that I have to tell to you is 'Welcome to Bitcoin'

I'll understand your situation now, it is bad right?

Have you ask some old user bitcoin here? how they still keep bitcoin until right now? I guess you should ask them as well.

Because won't know that bitcoin has decreased more then right know, $20.000 to $3500 at 2018 ago, but are they leave bitcoin?

The answer is no honestly! They still keep bitcoin on their wallet and hoping that bitcoin will up more than $20.000.

If bitcoin failed as your thought now then bitcoin won't have any value. Bitcoin price will fall more than $3500 even it will fall to $0, but is that happen?

DabsPoorVersion

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How come that the coronavirus becomes its first real test?

Does it look like a wall that can stop bitcoin? Also, I don't see any connection why bitcoins' price is dropping right now. You need to think deep and realize what you are about to do, this current crisis that the world is facing right now is already under control. This is not ended yet but at least they already have a progress on stopping this.

Darker45

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Quote from: FightThePower on February 27, 2020, 01:49:23 AM

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different

I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months. the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all. Today I think BTC is a failed experiment. What are your thoughts?

Why do you think that the current coronavirus outbreak is Bitcoin's first real test? And why do you think it failed?

You must have misplaced assumptions about Bitcoin that may have caused you to link this current virus outbreak with it being a store of value. It seems to me that you simply have too many presumptions about Bitcoin, what it is, how it should function, and so on.

panganib999

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Quote from: davis196 on February 27, 2020, 02:31:30 AM

You look like the typical Bitcoin newbie.
At a 10K USD bitcoin price and a bullish trend,you "believe in the future of Bitcoin".

You're absolutely right, these new accounts are just posting topics that can easily attract the opposition on which the case now 99% is the opposition. I don't have words for these kind of thinking after a decade with bitcoin and getting exposed in bright light followed by mass adoption but still several people have the audacity to call it bubble and failed experiment.

Quote from: davis196 on February 27, 2020, 02:31:30 AM

At a 8.5K USD price correction and a possible bearish trend,you don't believe in the future of BTC anymore and you start whining that the price will go to 1 USD in 12 months to 18 months.This just isn't serious,man.
If you wanna sell everything,just do it.Panic selling is something normal,unfortunately,I've done it before.
Stop whining and act like a man.
The question "Is bitcoin a failed experiment?" has been asked 134934565 times on this forum and every time it's asked at a bearish trend,when the price was falling.Bitcoin is here for more than 10 years and it isn't going anywhere near 1 USD or USD price.

The redundancy at its finest haha lol. They are talking about the impossibility and it sucks.

angrybirdy

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So you are now giving up just because the price of btc suddenly drop, and by the way, don't think of coronavirus as one of the test for btc.

If you think that selling your btc is the best option you have, go ahead and regret your action in the future. You can always go and stay away from any related website to btc if you really think that bitcoin will drop its price to zero in the next 12 to 18 months.

buwaytress

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A guy who claims he's "been with btc a while" suddenly wants to give up now. Says it's going to be a big loss so I imagine that means you bought it at ATH, and are >55% loss (that's really not so big and highly unlikely you bought it at ATH if you've really been here "a while".

Why the new account though? Can't say this with your actual account?

Anyone who thinks Bitcoin's first real test is coronavirus... I don't know how to get on that plane of logic.

Explain in just 1 rational statement how the experiment failed. What's your parameter for success?

shoreno

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Quote from: FightThePower on February 27, 2020, 01:49:23 AM

Today I'm thinking of selling my BTC even though it would be a big loss right now I've been with BTC a while and used to the volitility but this time I believe it's different . I was a believer in BTC and the future of crypto I believed having 1 or more BTC was a smart thing to do that many would look back in 10 to 20 years wishing they'd bought some when it was still obtainable by the regular Joe.

if thats what you sense then follow it . our sense is more stronger than the other people . actually im like you , im also selling my btc at a small value but i dont say that i loose anything .

Quote from: FightThePower on February 27, 2020, 01:49:23 AM

Now I feel that BTC will trend down hitting sub 1 dollars prices possibly even 0 over the next 12 to 18 months.

isnt that amazing if that happen ? many people are actually waiting for that moment . imagine if they buy too much the value can just return over than the price it have right now .

Quote from: FightThePower on February 27, 2020, 01:49:23 AM

the current coronavirus outbreak has been BTCs first real test and it failed hard and failed immediately. It's not a store of wealth and its failure to hold value in a economic down turn is spectacular and visible to all. Today I think BTC is a failed experiment. What are your thoughts?

fyi corona is not the first event that test btc but many harder events already happened on the past and btc survived so how much more than this ? and no one said that btc was a store of wealth but btc is built as a currency use . btc is not a failed experiment but it was a succesful volatile currency .

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