It's normal when people racing to sell when bitcoin value increase significantly
But one for sure that bitcoin will increase no matter what happen today so IMO it's a good decision to buy now !
Except if miner problem is fundamental, I'm discourage people for buying btc at the moment
Topic: Losing Faith in Bitcoin? - page 4. (Read 3438 times)
You still need to look at the fundamentals of Bitcoin as a storage of value. You're focused on minutiae that in the grand scheme of things, does not really matter.
I see a child in your thoughts. You do not have full understanding of bitcoin and the crypto market. The value of a change of money is a normal thing, however, you feel fear and distrust. This shows how young and weak you are. The things which you talk about really do not matter and are not necessary to discuss.
That's was really normal the bitcoin always swing it rice up and then down again I guess that was just normal maybe in the coming weeks the bitcoin price rate will go up again and will reach 2000$ this year. The market is circulating so the price will move up and down.
$180 change is only a 10% price movement, I agree bitcoin is volatile, but 5-10% movements are not unusual in world wide stock markets.
Imagine if you could see what happens in the board rooms of many companies, as a shareholder you would be shocked and lose confidence.
Bitcoin is done in public, so it's all visible, requires consensus and if you compare it to how business is usually done, looks messy.
Sit back and relax and let all these issues play out. Bitcoin is not going anywhere, everyone with any stake in it, has an interest in seeing it succeed. The internal squabbles are essentially a form of democracy in action.
Imagine if you could see what happens in the board rooms of many companies, as a shareholder you would be shocked and lose confidence.
Bitcoin is done in public, so it's all visible, requires consensus and if you compare it to how business is usually done, looks messy.
Sit back and relax and let all these issues play out. Bitcoin is not going anywhere, everyone with any stake in it, has an interest in seeing it succeed. The internal squabbles are essentially a form of democracy in action.
all these drama and civil war is within the community and if you for example close down reddit and bitcointalk and only continue using bitcoin you will never even find out about the drama!
and as for unconfirmed transactions again if you only have a good wallet that suggests fees correctly you see that sending bitcoin has become more expensive, again no drama, no delays in confirmation, nothing.
and price has nothing to do with all this. it was a mini bubble that had to be corrected and will correct just like always.
none of this warrants "losing faith in bitcoin". you still are using the same bitcoin as you were using back in 2009
and as for unconfirmed transactions again if you only have a good wallet that suggests fees correctly you see that sending bitcoin has become more expensive, again no drama, no delays in confirmation, nothing.
and price has nothing to do with all this. it was a mini bubble that had to be corrected and will correct just like always.
none of this warrants "losing faith in bitcoin". you still are using the same bitcoin as you were using back in 2009
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Maybe the SW/BU Bitcoin Civil War is starting to have a negative effect.
1. 182,000 unconfirmed transactions (highest I have ever seen in my casual monitoring at: https://blockchain.info/new-transactions)
2. BTC down over $100 in one day.
I sure wish the Miner Wankers and the Developer Wankers would get together and SOLVE the scaling problem(s). Else they may damage the Bitcoin Ecosystem and discourage newbies from joining the community.
BTC to $5000 if/when they resolve all of this (credit to jonald_fyookball for that prediction, and I would agree with that number).
Maybe the SW/BU Bitcoin Civil War is starting to have a negative effect.
1. 182,000 unconfirmed transactions (highest I have ever seen in my casual monitoring at: https://blockchain.info/new-transactions)
2. BTC down over $100 in one day.
I sure wish the Miner Wankers and the Developer Wankers would get together and SOLVE the scaling problem(s). Else they may damage the Bitcoin Ecosystem and discourage newbies from joining the community.
BTC to $5000 if/when they resolve all of this (credit to jonald_fyookball for that prediction, and I would agree with that number).
1.Every time the bitcoin price increases the unconfirmed transactions increase.This is normal and stops the speculation bubble.
2.This is a price correction,which is normal.
I don`t see a SW/BU war....
it's funny every time that bitcoin have a price correction, poeple suddenly think about a big crash and that bitcoin is died or other shit like that
i guess the more the value will big higher the more the fear will be to think bitcoin can go to zero and make you lose all your investment
this is the reason that makse them fear every minimal swings in the market, besides this i don't think the number of transactions being stuck have nothing to do with the value or we would sit below $1000 forever
i guess the more the value will big higher the more the fear will be to think bitcoin can go to zero and make you lose all your investment
this is the reason that makse them fear every minimal swings in the market, besides this i don't think the number of transactions being stuck have nothing to do with the value or we would sit below $1000 forever
You still need to look at the fundamentals of Bitcoin as a storage of value. You're focused on minutiae that in the grand scheme of things, does not really matter.
Bitcoin will always go way UP then way down when profits are taken, the only reason it gets pumped up to start with, getting real money out of it.
One day it will go way up then way down then way way down then BOOM game over.
This digital coin (not money) but digital coin is worth what people are willing to pay for it now ONLY because of speculation then profit taking, this is not a future world wide currency, wake up.
https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-wealth/
This money maker is not for you, no anti government, not going to surpass any government control of the money supply etc. It has great tech (chain) and other uses but the coin is a novelty people now spec on to make money. Real believers are the 1% of holders. The 99% will burn you when they are ready.
One day it will go way up then way down then way way down then BOOM game over.
This digital coin (not money) but digital coin is worth what people are willing to pay for it now ONLY because of speculation then profit taking, this is not a future world wide currency, wake up.
https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-wealth/
This money maker is not for you, no anti government, not going to surpass any government control of the money supply etc. It has great tech (chain) and other uses but the coin is a novelty people now spec on to make money. Real believers are the 1% of holders. The 99% will burn you when they are ready.
This is also more or less my sentiment, when I evolved from "enthusiastic freedom money" to "why are some idiots speculating" to "ah, actually, that's what it was made for!". That said, speculative stuff to pump money out of the weak, in the hand of the rich, may have a long life !
you can't stop people from treating things the way they think is best.
if they want to treat bitcoin as for "only speculating" they are free to do so.
if they want to treat bitcoin as a decentralized "freedom money" they are still free to do so.
if people want to treat gold as only a speculation tool they are free to do so.
if people want to treat gold (nanoparticles) as an "efficient targeted cancer drug delivery" they are free to do so too.
you can't blame them.
Bitcoin will always go way UP then way down when profits are taken, the only reason it gets pumped up to start with, getting real money out of it.
One day it will go way up then way down then way way down then BOOM game over.
This digital coin (not money) but digital coin is worth what people are willing to pay for it now ONLY because of speculation then profit taking, this is not a future world wide currency, wake up.
https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-wealth/
This money maker is not for you, no anti government, not going to surpass any government control of the money supply etc. It has great tech (chain) and other uses but the coin is a novelty people now spec on to make money. Real believers are the 1% of holders. The 99% will burn you when they are ready.
One day it will go way up then way down then way way down then BOOM game over.
This digital coin (not money) but digital coin is worth what people are willing to pay for it now ONLY because of speculation then profit taking, this is not a future world wide currency, wake up.
https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-wealth/
This money maker is not for you, no anti government, not going to surpass any government control of the money supply etc. It has great tech (chain) and other uses but the coin is a novelty people now spec on to make money. Real believers are the 1% of holders. The 99% will burn you when they are ready.
This is also more or less my sentiment, when I evolved from "enthusiastic freedom money" to "why are some idiots speculating" to "ah, actually, that's what it was made for!". That said, speculative stuff to pump money out of the weak, in the hand of the rich, may have a long life !
Its just $100 and everything seems to be bad again about bitcoin. 
The hell! It grew so fast like a plant filled with an advance fertilizer that is not yet even invented.
C'mon man! Give bitcoin a break and dont do something like this to turn the tides backwards.
Some might believe about that and it might be a mess that even we cant get it all back. It will all just be regrets to why we started such a thread.
The hell! It grew so fast like a plant filled with an advance fertilizer that is not yet even invented.
C'mon man! Give bitcoin a break and dont do something like this to turn the tides backwards.
Some might believe about that and it might be a mess that even we cant get it all back. It will all just be regrets to why we started such a thread.
Faith in bitcoin is related to how is can change the world, not a small price drop.
About the civil war of bu and segwit, I just hope it will not creat too much damage to the developments and get solved in a near future.
About the civil war of bu and segwit, I just hope it will not creat too much damage to the developments and get solved in a near future.
I'm certainly not losing faith to BTC. Yes, we still have problems that are yet to be addressed and these problems exist for quite some time now but the thing that I can do as of the moment is to still believe in BTC. I'm hoping that one way or another, people who are involved will find the solution to the problems that we are having right now. In terms of its price drop just today, I think this is very normal. We just went up to unknown price territories in just a matter of days. This is bound to happen. Those who knew BTC from the start shouldn't panic and should just chill.
i agree with the number of unconfirmed transactions, that is really a turn off to all of us not just newcomers. and it needs to be fixed sooner than later.
but price has nothing to do with all of this. neither the drop nor the rise.
price dropped because it had gone up fast and it needed a correction.
and price will reach $5000 because even if blocks are full and mempool is exploding, people are still investing in bitcoin and price is still rising 100% to 200% each year.
but price has nothing to do with all of this. neither the drop nor the rise.
price dropped because it had gone up fast and it needed a correction.
and price will reach $5000 because even if blocks are full and mempool is exploding, people are still investing in bitcoin and price is still rising 100% to 200% each year.
OP is either clearly delusional or desperately trying to shove some agenda down everyone's throat. I'll let the reader decide.
Oh come on man, down $100 a day is expected, this price isn't gonig to keep up forever and we all know that.
Right now bitcoin is going for a short term adjustment and as you said if all the issues that you've listed gets sorted out bitcoin has pretty much infinite potential. $5,000 can even be an underestimate depending on how inflated fiat currencies get.
You're right about the unconfirmed transactions and it's even funny anymore - i've got 2 transactions not getting confirmations for hours right now and Viabtc accelerator is getting fuller a lot quicker.
Right now bitcoin is going for a short term adjustment and as you said if all the issues that you've listed gets sorted out bitcoin has pretty much infinite potential. $5,000 can even be an underestimate depending on how inflated fiat currencies get.
You're right about the unconfirmed transactions and it's even funny anymore - i've got 2 transactions not getting confirmations for hours right now and Viabtc accelerator is getting fuller a lot quicker.
Bitcoin will always go way UP then way down when profits are taken, the only reason it gets pumped up to start with, getting real money out of it.
One day it will go way up then way down then way way down then BOOM game over.
This digital coin (not money) but digital coin is worth what people are willing to pay for it now ONLY because of speculation then profit taking, this is not a future world wide currency, wake up.
https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-wealth/
This money maker is not for you, no anti government, not going to surpass any government control of the money supply etc. It has great tech (chain) and other uses but the coin is a novelty people now spec on to make money. Real believers are the 1% of holders. The 99% will burn you when they are ready.
One day it will go way up then way down then way way down then BOOM game over.
This digital coin (not money) but digital coin is worth what people are willing to pay for it now ONLY because of speculation then profit taking, this is not a future world wide currency, wake up.
https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-wealth/
This money maker is not for you, no anti government, not going to surpass any government control of the money supply etc. It has great tech (chain) and other uses but the coin is a novelty people now spec on to make money. Real believers are the 1% of holders. The 99% will burn you when they are ready.
I sort of agree with a couple of things although imagine how many people said this during the early days. What i do agree on is Bitcoin and alts have become a way to make money. How many buyers are using it for real world purchases when instead keeping it will most likely make you money. They are all investments or used for day trading to make money. How many coins get pumped and dumped (especially Ripple
) every day just for those to either make a daily wage or turn back into BTC to boost their holdings. 99% want to make money off it, 1% might buy their milk and bread with it, until it becomes as relatively stable as FIAT then thats how it will remain. How far it and others go up and down are part of the fun (or pain).Kind of ironic how its conception was to replace FIAT and most people are wanting to make a $hitload of money off it instead. would you rather become a millionaire or a cryptonaire? pretty easy answer in this day and age....
...
Maybe the SW/BU Bitcoin Civil War is starting to have a negative effect.
1. 182,000 unconfirmed transactions (highest I have ever seen in my casual monitoring at: https://blockchain.info/new-transactions)
Maybe the SW/BU Bitcoin Civil War is starting to have a negative effect.
1. 182,000 unconfirmed transactions (highest I have ever seen in my casual monitoring at: https://blockchain.info/new-transactions)
Segwit would have freed some space in a block it was always in the miner's hands. There is also BU, which is supposedly what the miners really want. But where is it? Why are the miners not doing the hard fork?
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2. BTC down over $100 in one day.
That is still ok by Bitcoin's standards. Down by $1000 in 1 day is something to worry about.
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I sure wish the Miner Wankers and the Developer Wankers would get together and SOLVE the scaling problem(s). Else they may damage the Bitcoin Ecosystem and discourage newbies from joining the community.
It is more in the hands of the miners. The developers, both Core and BU, release code and you take it or you leave it.
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BTC to $5000 if/when they resolve all of this (credit to jonald_fyookball for that prediction, and I would agree with that number).
That is very arguable.
Even bitcoin is down over 100$ this is still okay because the price of bitcoin now has increased big for this past months. No need to worry sir. Bitcoin will never let us down. BU will never win against BTC Because of many users supporting and still trusting bitcoin to be their primary crypto-currency like me.
...
Maybe the SW/BU Bitcoin Civil War is starting to have a negative effect.
1. 182,000 unconfirmed transactions (highest I have ever seen in my casual monitoring at: https://blockchain.info/new-transactions)
2. BTC down over $100 in one day.
I sure wish the Miner Wankers and the Developer Wankers would get together and SOLVE the scaling problem(s). Else they may damage the Bitcoin Ecosystem and discourage newbies from joining the community.
BTC to $5000 if/when they resolve all of this (credit to jonald_fyookball for that prediction, and I would agree with that number).
Maybe the SW/BU Bitcoin Civil War is starting to have a negative effect.
1. 182,000 unconfirmed transactions (highest I have ever seen in my casual monitoring at: https://blockchain.info/new-transactions)
2. BTC down over $100 in one day.
I sure wish the Miner Wankers and the Developer Wankers would get together and SOLVE the scaling problem(s). Else they may damage the Bitcoin Ecosystem and discourage newbies from joining the community.
BTC to $5000 if/when they resolve all of this (credit to jonald_fyookball for that prediction, and I would agree with that number).
When BTC goes down $100 in one day, just think about what has been the price movement in the last 1 month or 1 year. There have been unbelievable gains. No reason to lose faith in Bitcoin now.
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