Lol @ Hardfork panic | Bitcointalksearch.org

Rahar02

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Quote from: BitcoinBarrel on July 16, 2017, 10:26:45 AM

Quote from: mikenz on July 16, 2017, 10:04:34 AM

I look forward to a huge SegWit speculation bubble. Even LTC doubled in the few weeks before they finally activated SegWit. And Bitcoin? Where everybody is waiting already for 2+ years now? whoaa-

Exactly. Litecoin was considered "dead" trading for a couple dollars early this year, and after Segwit activation hit $50+

Unfortunately for some people who sold their bitcoin for cheaper price than what it will be achieved in the next month.
Hopefully, most people who loss because sold bitcoin, could bought at the bottom line of bitcoin prices and make profit in the future, as we know bitcoin is a long term investment, there's no shortcut to make you rich. people have to believe in bitcoin and be patient as bitcoin fluctuate a lot, but in the end bitcoin could recover and reach higher peak. I expected for over $5000 after segwit activated, or we might find bitcoin reach over $3000 in the end of this month.

nightrider

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Quote from: BitcoinBarrel on July 16, 2017, 09:57:31 AM

If it's not one thing it's another. People are always panicking and dumping their coins, and what do you know..... the price always rebounds much higher.

Many people feel anxious, so they have sold a lot of bitcoin, this makes its value go down very fast, however, afterwards, it has returned, and I'm sure many people feel Regret, they made wrong choices.

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Quote from: richardsNY on July 17, 2017, 05:38:06 PM

Quote from: Flyyyy on July 17, 2017, 01:05:38 PM

I do not understand why people stopped trusting the currency that gave them a great way to earn a few years

It's not a matter of people stopping with 'trusting' Bitcoin, but more that they don't understand how everything related to the implementation of SegWit works. People here in this forum have been infecting each other with non information and fud. It's mind boggling how much of a problem people make out of practically nothing. Nothing will happen with Bitcoin, even not with a hard fork incoming. If SegWit2X activates, a month or three later a hard fork will follow anyway. People don't seem to be looking at that fact -- they get blinded by all this first of August nonsense

I can't agree with you

If we distance ourselves from current commotion, noise, and confusion (due to coming SegWit activation), and take a wider look at Bitcoin from a distance of at least half a year, we will see that Bitcoin is slowly but surely becoming toxic. It has a tremendous margin of safety (any other coin would likely have already been dead as a doornail by now in such or similar circumstances), but this margin is not infinite either, and it is shrinking at that. See, even if nothing extraordinary happens and SegWit gets activated this way or another, the "political" issues are not going anywhere, and they will still be eating away this safety margin until it is completely exhausted

And then Bitcoin might collapse like the Tower of Babel

hangar18

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Although HardFork not is new "word" with user Bitcoin in few years ago, but it still can make panic with person not have knowledge, experience about market as newbie, speculators ... or person can't keep their calm with happens crash price and take loss

LFC_Bitcoin

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Quote from: BitcoinBarrel on July 16, 2017, 09:57:31 AM

If it's not one thing it's another. People are always panicking and dumping their coins, and what do you know..... the price always rebounds much higher.

There isn't going to be a hardfork, not now at least so I agree, it's ridiculous to see people dumping their coins and probably having to buy back more expensive.

bucciarati

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it' s always the same process going on recursively, setting an testing a new floor then skyrocketing and then again and again ...

farhaan

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Quote from: BitcoinBarrel on July 16, 2017, 09:57:31 AM

If it's not one thing it's another. People are always panicking and dumping their coins, and what do you know..... the price always rebounds much higher.

Its all happening due to panic selling done by newbies who don't have clear knowledge about bitcoin price history.They just weaken the bitcoin stability by doing such activities.Big whales making use of the opportunity and grabbing cheaper bitcoins.

Herbert2020

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Quote from: Flyyyy on July 17, 2017, 01:05:38 PM

Not only beginners do wrong steps and sell coins. I see many people who have been investing for several years, who are also panicking. It's very unpleasant for me to watch. I do not understand why people stopped trusting the currency that gave them a great way to earn a few years

no you have not been seeing anything, you are just saying random stuff.

people who have been investing for years have seen all this drama almost every 2 months. the FUD and the dips are new to you who are new to this, it is like a repeated episode for the rest of us.
read my previous comment. this is not even old news. we saw the same thing recently when price fell for the same FUD about split and whales and those investing for years made a lot of money because of stupidity of the masses.

BitMaxz

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Quote from: Flyyyy on July 17, 2017, 01:05:38 PM

Quote from: richardsNY on July 17, 2017, 12:42:37 PM

Quote from: jennywhzz on July 17, 2017, 12:03:52 PM

Great Term, HardFork FUD Panic should be real story. Bitcoin will not be hurt by hardfork itself then it is being hurt now my hard panic which is being created everywhere and since there is no regularity authority in bitcoins, we do not have an "Official Statement/News" for bitcoins upcoming fork.

From time to time something pops up causing the market to tank in an exaggerated manner. After this hard fork fear people will go nuts on something else. It's not that long ago where China was 'ruling' the market with iron fist. It just took a fart article to cause a massive amount of panic amongst the traders, where from that point a sell-off got initiated. If we look at how much drama we have gone through in the previous years, it becomes clear that they didn't have any long term impact on Bitcoin. Everything that happens is just something that affects the market negatively in the very short term. In the meantime, noobs keep feeding the whales with cheap coins.

Not only beginners do wrong steps and sell coins. I see many people who have been investing for several years, who are also panicking. It's very unpleasant for me to watch. I do not understand why people stopped trusting the currency that gave them a great way to earn a few years

I think they trust bitcoin but they are just afraid of losing their investment or losing their profit that is why they sell their bitcoin before other sell their own bitcoin.. As you can seen i think the price drop happen from past few days we are seeing the price increase back again and invest because they know its a really cheap price. Look at the movement of the price today there are still continue of the price increase.. segwit honestly it will not affect a lot its just a piece of code that can improve bitcoin.. This is happening last year where people are panic sell after block halving..
That i think the same thing happen these days..

moviebuff777

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Quote from: BitcoinBarrel on July 16, 2017, 09:57:31 AM

If it's not one thing it's another. People are always panicking and dumping their coins, and what do you know..... the price always rebounds much higher.

This drop also give everyone else a chance to buy as some sell off their bitcoins. The prices are still too high for me to buy any more but if we see a more significant drop, I will definitely buy as many bitcoins as I can because I know that the price will eventually rise to new record prices.

richardsNY

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Quote from: Flyyyy on July 17, 2017, 01:05:38 PM

I do not understand why people stopped trusting the currency that gave them a great way to earn a few years

It's not a matter of people stopping with 'trusting' Bitcoin, but more that they don't understand how everything related to the implementation of SegWit works. People here in this forum have been infecting each other with non information and fud. It's mind boggling how much of a problem people make out of practically nothing. Nothing will happen with Bitcoin, even not with a hard fork incoming. If SegWit2X activates, a month or three later a hard fork will follow anyway. People don't seem to be looking at that fact -- they get blinded by all this first of August nonsense....

Flyyyy

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Quote from: richardsNY on July 17, 2017, 12:42:37 PM

Quote from: jennywhzz on July 17, 2017, 12:03:52 PM

Great Term, HardFork FUD Panic should be real story. Bitcoin will not be hurt by hardfork itself then it is being hurt now my hard panic which is being created everywhere and since there is no regularity authority in bitcoins, we do not have an "Official Statement/News" for bitcoins upcoming fork.

From time to time something pops up causing the market to tank in an exaggerated manner. After this hard fork fear people will go nuts on something else. It's not that long ago where China was 'ruling' the market with iron fist. It just took a fart article to cause a massive amount of panic amongst the traders, where from that point a sell-off got initiated. If we look at how much drama we have gone through in the previous years, it becomes clear that they didn't have any long term impact on Bitcoin. Everything that happens is just something that affects the market negatively in the very short term. In the meantime, noobs keep feeding the whales with cheap coins.

Not only beginners do wrong steps and sell coins. I see many people who have been investing for several years, who are also panicking. It's very unpleasant for me to watch. I do not understand why people stopped trusting the currency that gave them a great way to earn a few years

richardsNY

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Quote from: jennywhzz on July 17, 2017, 12:03:52 PM

Great Term, HardFork FUD Panic should be real story. Bitcoin will not be hurt by hardfork itself then it is being hurt now my hard panic which is being created everywhere and since there is no regularity authority in bitcoins, we do not have an "Official Statement/News" for bitcoins upcoming fork.

From time to time something pops up causing the market to tank in an exaggerated manner. After this hard fork fear people will go nuts on something else. It's not that long ago where China was 'ruling' the market with iron fist. It just took a fart article to cause a massive amount of panic amongst the traders, where from that point a sell-off got initiated. If we look at how much drama we have gone through in the previous years, it becomes clear that they didn't have any long term impact on Bitcoin. Everything that happens is just something that affects the market negatively in the very short term. In the meantime, noobs keep feeding the whales with cheap coins.

jennywhzz

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Great Term, HardFork FUD Panic should be real story. Bitcoin will not be hurt by hardfork itself then it is being hurt now my hard panic which is being created everywhere and since there is no regularity authority in bitcoins, we do not have an "Official Statement/News" for bitcoins upcoming fork.

Herbert2020

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Quote from: freedomno1 on July 17, 2017, 12:22:31 AM

Let the market bleed and correct itself, there is money to be made when others are fearful.
And also a lot of money to be made selling when others are exuberant, oh well someone will be making money off of this so it's just the circle of finance and the way she goes.

at some point it stops being "correction" and starts entering the realm of "stupidity" instead. and when it does, that is the time to make real money from the stupidity of those who sold late because of the FUD.

the worst part is, we saw the same thing not so long ago! there was a big FUD where they kept repeating the word "Hard Fork" all over the forum and panic started and price dropped from >$1350 to <$890 in less than a week.
now we are seeing the same thing with the same size drop in the same time frame but the FUD is on a slightly bigger scale.

freedomno1

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Let the market bleed and correct itself, there is money to be made when others are fearful.
And also a lot of money to be made selling when others are exuberant, oh well someone will be making money off of this so it's just the circle of finance and the way she goes.

Baofeng

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Quote from: Mr.grin on July 16, 2017, 12:38:34 PM

Whatever it is, at the moment, it has had such a huge impact on bitcoin. Well, now it has not happened yet, but makes such a big impact on bitcoin prices. If this really happened, maybe the impact will be more severe because of panic, but it could also be the opposite when it does not happen.

We are only seeing half of the impact of the news regarding Aug 1 segwit activation. So we have to braced for the next shit storm that will be coming in Aug 1. But its all good, the weak hands has been shaken already. Others may really find this dipping a good time to buy back bitcoin. But I'm still thinking that after everything settles down, bitcoin will be back to normal price of $2000 or greater and may even more than that. So we just need to hold on your bitcoin.

European Central Bank

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whales plus a bunch of 'holders' who are scared kids are a potent combination to make money. the whole bitcoin death thing is so well worn but it never fails to work. let 'em throw their money away.

ImHash

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Don't blame us you have to blame shorty Wu he is the one started this mess few month ago, I'd bet that he is chewing his finger nails and regrets it like a little poppy Cheesy

Unfortunately I have no more cash to buy this much cheap, you wanna know the reason? just last week I was praying for a price lower than $2100 but now my wish is in front of me waiting for me to catch it but I'm full Cry

Mr.grin

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Whatever it is, at the moment, it has had such a huge impact on bitcoin. Well, now it has not happened yet, but makes such a big impact on bitcoin prices. If this really happened, maybe the impact will be more severe because of panic, but it could also be the opposite when it does not happen.

fabiorem

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If the majority of users are newbies, then UASF will not happen.

Xavofat

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Did you see that ludicrous display last night?

Quote from: BrewMaster on July 16, 2017, 10:45:15 AM

there is just Segwit and that is a soft fork with majority's support! double LOL

That explains why there's so much panic though. Most of the newbies that pushed the price up over about $1500 actually understood very little about Bitcoin, and were buying into speculation and hype.

When they get loads of fancy terms like "hard fork" and "soft fork" thrown at them they have no idea what's going on, so they sell. The fact that everyone is posting threads about how scared they are of a hard fork, even though no hard fork is happening*, shows just how weak these rallies have been.

There are a lot of weak hands in BTC at the moment, and I'll be delighted to see them go. It's great for the long term prospects of BTC for it to stick to normal growth.

*unless BITMAIN forks off, but it seems unlikely now. They seem to be confusing a potential chain split from UASF with a hard fork. Hilarious that they didn't even check what "UASF" stands for.

Oilacris

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Quote from: HI-TEC99 on July 16, 2017, 10:41:50 AM

Quote from: jerowacik on July 16, 2017, 10:30:59 AM

Quote from: BitcoinBarrel on July 16, 2017, 09:57:31 AM

If it's not one thing it's another. People are always panicking and dumping their coins, and what do you know..... the price always rebounds much higher.

Yes it is now seen that bitcoin prices are rising again. Although only a few tens of dollars but this is very meaningful. There is a chance that there will be another rise some time ahead, if this is true then there will be many people who will regret having been wrong in making a decision.

There have been people waiting for $100 coins since early 2015 and it never happened. Now there are hardfork panicers discussing $1000 coins, and I doubt that will ever happen either. They will regret selling below $2000 when Bitcoin is $3000+.

If they do secure profits on those sell points then theres nothing to regret since they are on profits but its much better if they decided to wait. Pullbacks or rebounds would really happen since we arent like to dump forever on bitcoins price. If theres a storm there would be a sunny day after. Panic sellers cant be avoided since they do see the trend of the market and some may just cut lose or some are taking profits or sell just to buyback a little lower.

richardsNY

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Quote from: BitcoinBarrel on July 16, 2017, 09:57:31 AM

the price always rebounds much higher.

That's exactly why traders are loving Bitcoin so much. It takes peanuts to make a lot people here sell their coins like there is no tomorrow. I couldn't stand it anymore, and bought back some of the coins I sold above $2400, for around $1850 today. Instead of people mocking about the price going down, they should do some effort into using this lower price in their advantage. As always, when the price bounces back up, these people will buy back the coins they sold in panic at far higher levels. It's pure capital destruction.

midas28

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Panicing is normal, ppl sell and sometimes they reduce their cost.

and some ppl when they sell, it jumps back up.

if everyone thinks like you, then bitcoin would be 10k by now..

mrcash02

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Quote from: BitcoinBarrel on July 16, 2017, 10:38:04 AM

If you look through the forum archives, you'll see people nitpicking about selling for $50/btc when they could have sold for $60/btc, etc... What difference does that make when bitcoin is around $2000~ now? It's the same thing going on since the beginning of crypto-trading. Should I have sold for $2500 or $2200? If you knew Bitcoin was going to be $20,000 one day would you sell at all?

I know it's frustrating when you lose hundreds or even thousands in a day from the price of Bitcoin. Just think, there are whales out there losing millions when the price of BTC drops. But they have been patient for years and years through the ups and downs for a REASON. You can always acquire fiat, but Cryptos are much harder to get.

Maybe they bought it for $400-$1800 years ago and don't want to lose money if BTC reach lower than those amounts. At least they are selling for a price hgher than they bought, they aren't thinking on long term, just on short one...

Anyway, if they are selling their Bitcoins, they are making some profit from it.

BrewMaster

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There is trouble abrewing

if these panic sellers were panicking over something valid or even if they really understood why they are panicking i wouldn't be this angry Cheesy

i see dumb people who don't even know why they are panicking! they sometimes look like a herd of sheep that is just following what others do!

and the worst part is there is no hard fork! LOL

there is just Segwit and that is a soft fork with majority's support! double LOL

Fishmaster23

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Quote from: BitcoinBarrel on July 16, 2017, 10:38:04 AM

If you look through the forum archives, you'll see people nitpicking about selling for $50/btc when they could have sold for $60/btc, etc... What difference does that make when bitcoin is around $2000~ now? It's the same thing going on since the beginning of crypto-trading. Should I have sold for $2500 or $2200? If you knew Bitcoin was going to be $20,000 one day would you sell at all?

I know it's frustrating when you lose hundreds or even thousands in a day from the price of Bitcoin. Just think, there are whales out there losing millions when the price of BTC drops. But they have been patient for years and years through the ups and downs for a REASON. You can always acquire fiat, but Cryptos are much harder to get.

Many are afraid of losing their last assets, so sell coins at a low price to save anything. They are not professional investors, so they succumbed to a panic and make the wrong move.
It's hard for me to look at the fact that the price is falling. But I know this is the best time to buy

HI-TEC99

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Quote from: jerowacik on July 16, 2017, 10:30:59 AM

Quote from: BitcoinBarrel on July 16, 2017, 09:57:31 AM

If it's not one thing it's another. People are always panicking and dumping their coins, and what do you know..... the price always rebounds much higher.

Yes it is now seen that bitcoin prices are rising again. Although only a few tens of dollars but this is very meaningful. There is a chance that there will be another rise some time ahead, if this is true then there will be many people who will regret having been wrong in making a decision.

There have been people waiting for $100 coins since early 2015 and it never happened. Now there are hardfork panicers discussing $1000 coins, and I doubt that will ever happen either. They will regret selling below $2000 when Bitcoin is $3000+.

BitcoinBarrel

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Fill Your Barrel with Bitcoins!

If you look through the forum archives, you'll see people nitpicking about selling for $50/btc when they could have sold for $60/btc, etc... What difference does that make when bitcoin is around $2000~ now? It's the same thing going on since the beginning of crypto-trading. Should I have sold for $2500 or $2200? If you knew Bitcoin was going to be $20,000 one day would you sell at all?

I know it's frustrating when you lose hundreds or even thousands in a day from the price of Bitcoin. Just think, there are whales out there losing millions when the price of BTC drops. But they have been patient for years and years through the ups and downs for a REASON. You can always acquire fiat, but Cryptos are much harder to get.

jerowacik

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Quote from: BitcoinBarrel on July 16, 2017, 09:57:31 AM

If it's not one thing it's another. People are always panicking and dumping their coins, and what do you know..... the price always rebounds much higher.

Yes it is now seen that bitcoin prices are rising again. Although only a few tens of dollars but this is very meaningful. There is a chance that there will be another rise some time ahead, if this is true then there will be many people who will regret having been wrong in making a decision.

HI-TEC99

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Quote from: maokoto on July 16, 2017, 10:01:53 AM

Most likely that. Only thing that bugs me is that it tempts me to sell my coins and buy them lower.... but What if the rebound comes just when my coins are sold? Undecided

Better wait for the rebound I think Grin

The buy back lower strategy involves trusting an exchange with your money while you wait for the bottom. If it gets hacked you could lose everything. Knowing you could have bought back lower if only your exchange hadn't been hacked isn't much compensation for losing everything.

BitcoinBarrel

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Quote from: mikenz on July 16, 2017, 10:04:34 AM

I look forward to a huge SegWit speculation bubble. Even LTC doubled in the few weeks before they finally activated SegWit. And Bitcoin? Where everybody is waiting already for 2+ years now? whoaa-

Exactly. Litecoin was considered "dead" trading for a couple dollars early this year, and after Segwit activation hit $50+

mikenz

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I look forward to a huge SegWit speculation bubble. Even LTC doubled in the few weeks before they finally activated SegWit. And Bitcoin? Where everybody is waiting already for 2+ years now? whoaa-

Achargeturry78

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Just follow the rules

I think this is because of some whale following the trend of the chart. They are see that the price will drop so they will just dump a little then buy on the bottom. We all know that some traders wants to earn from this dumps but only holders wins at the end.

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Most likely that. Only thing that bugs me is that it tempts me to sell my coins and buy them lower.... but What if the rebound comes just when my coins are sold? Undecided

Better wait for the rebound I think Grin

BitcoinBarrel

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Fill Your Barrel with Bitcoins!

If it's not one thing it's another. People are always panicking and dumping their coins, and what do you know..... the price always rebounds much higher.

Topic: Lol @ Hardfork panic (Read 1738 times)