Well OP, do you usually give up on stuff as soon as a few rough days emerge?
You ll dump BTC for Bitcoin Cash and then what? You ll put your money into a few greedy miners and huge farms and they re going to take good care of you and your money. What do you think why do they try to create problems for BTC? So that sheep who invest into BTC and are still new to the system would get panicked and buy Bitcoin Cash at a premium price so they could DUMP it on them.
Today was a perfect example of that? Bitcoin Cash was pumped to 0.5 BTC and then dumped to 0.2 BTC. Where are the people who bought Bitcoin Cash at 0.4 or 0.5? Ha? Are you not entertained now?
Topic: Losing faith in BTC... - page 12. (Read 5488 times)
BTC in the past month had quite a run. I would lose faith when I will see it again at 1000. Now it is experiencing a simple correction.
I would relax and avoid listening to scared comments on the Web.
If BTC would go below 1000$ again:I would relax and avoid listening to scared comments on the Web.
You would lose faith, clever investors would get a great opportunity. Don't be pressed about price guys, everything will get back to normal, time is the key!
BTC in the past month had quite a run. I would lose faith when I will see it again at 1000. Now it is experiencing a simple correction.
I would relax and avoid listening to scared comments on the Web.
I would relax and avoid listening to scared comments on the Web.
It's not the 'price going down' of btc that makes people nervous, It's the huge increase of BCH at the same time is the one that makes BTC holder nervous and shaken!
The situation makes people wonder , the whole crypto world is not any different than the FIAT currency world. The group of elite is controlling the whole industry. Whenever they want, they can pump and increase the price of any crypto and make some other currency go down!! It's all same bullS** at the end of the day?
This ceases the whole purpose creating cryptocurrency...
I mean we have faced and gone through too much to just give up now, all the poeple who have used bitcoin for quite some time know that whatever happens the bitcoin will always come back again, and lets face it we have invested in this cryptocurrency world, and these currencies are unstable and could have dramatic increase or decrease at any time, and they are hard to predict so people might be switching to btc cash but it is alos unpredictibale and it could go down at any time, all we can do know is just wait and see what the next few days will bring. The situation makes people wonder , the whole crypto world is not any different than the FIAT currency world. The group of elite is controlling the whole industry. Whenever they want, they can pump and increase the price of any crypto and make some other currency go down!! It's all same bullS** at the end of the day?
This ceases the whole purpose creating cryptocurrency...
i always believe bitcoin continue to become famous around the world so far bitcoin not totally dump ithink its part of cycle being currency always hoping bitcoin help to the community give good life in the future.
No need to panic, such are a common phenomenon that happens in the world of cryptocurrencies and one fact I know for sure is Bitcoin cash will never be bitcoin! BCH is an altcoin, period!
Mostly that those people that are losing faith in bitcoin are the new comers. Those young ones that aren't aware that this has been happening before.
They didn't know what they are entering and just riding the hype before with bitcoin and now that it was attacked they can't take it any longer.
Well this is why all of investments are risky, there's no permanent gain if you are looking into it for a short time. We'll pass this day later on keep the faith and just HODL.
They didn't know what they are entering and just riding the hype before with bitcoin and now that it was attacked they can't take it any longer.
Well this is why all of investments are risky, there's no permanent gain if you are looking into it for a short time. We'll pass this day later on keep the faith and just HODL.
It's not the 'price going down' of btc that makes people nervous, It's the huge increase of BCH at the same time is the one that makes BTC holder nervous and shaken!
The situation makes people wonder , the whole crypto world is not any different than the FIAT currency world. The group of elite is controlling the whole industry. Whenever they want, they can pump and increase the price of any crypto and make some other currency go down!! It's all same bullS** at the end of the day?
This ceases the whole purpose creating cryptocurrency...
The situation makes people wonder , the whole crypto world is not any different than the FIAT currency world. The group of elite is controlling the whole industry. Whenever they want, they can pump and increase the price of any crypto and make some other currency go down!! It's all same bullS** at the end of the day?
This ceases the whole purpose creating cryptocurrency...
personally the recent BTC problems are really annoying me , as a person who lives in a 3rd world country yes bitcoin is a good store of value for people in my country and other some countries , but come on the fees are now over 8$ and people here can't afford that
I still hear store of value BS , but people here don't even get 100$ a month so if they want to "store their value " they have to spend like 5-10% of their salary just on fees
at the end I still believe that nothing can replace bitcoin , but the transactions are really a serious problem with such fees
I still hear store of value BS , but people here don't even get 100$ a month so if they want to "store their value " they have to spend like 5-10% of their salary just on fees
at the end I still believe that nothing can replace bitcoin , but the transactions are really a serious problem with such fees
Imagine there were only 10 people in the entire bitcoin community. And they bought and sold bitcoin at higher and higher prices.
They certainly could. One person could pay $10 for a bitcoin. Another could pay $10 for half a bitcoin. Another could pay $10 for 1/100 of a bitcoin.
Now, let's say they cashed out. Where does the money come from?
The only money in bitcoin is the actual cash people are putting in the game. The only way one person can make money is if someone else can lose money. And at the same time, the miners are taking money out of the game and the exchanges are taking money out of the game.
Bitcoin is a zero sum game. I don't care if you call it a pyramid scheme, ponzi scheme or anything else.
The one thing you need to understand is that if you are going to make money, someone is going to lose money. If you spend $3000 on bitcoins, someone else just got your $3000 minus transaction fees (and exchange fees). You then have a hope someone else in the game will buy your bitcoins for actual money in the future. That is all you have.
Just realize that is the game you are playing.
And then understand that you aren't at the bottom of the pyramid. You don't have coins you bought for $1 or less. And there are a lot of people who do. So, they will make money. Who will they make money from?
They certainly could. One person could pay $10 for a bitcoin. Another could pay $10 for half a bitcoin. Another could pay $10 for 1/100 of a bitcoin.
Now, let's say they cashed out. Where does the money come from?
The only money in bitcoin is the actual cash people are putting in the game. The only way one person can make money is if someone else can lose money. And at the same time, the miners are taking money out of the game and the exchanges are taking money out of the game.
Bitcoin is a zero sum game. I don't care if you call it a pyramid scheme, ponzi scheme or anything else.
The one thing you need to understand is that if you are going to make money, someone is going to lose money. If you spend $3000 on bitcoins, someone else just got your $3000 minus transaction fees (and exchange fees). You then have a hope someone else in the game will buy your bitcoins for actual money in the future. That is all you have.
Just realize that is the game you are playing.
And then understand that you aren't at the bottom of the pyramid. You don't have coins you bought for $1 or less. And there are a lot of people who do. So, they will make money. Who will they make money from?
I think there's a lot of people who are currently uncertain about Bitcoin due to the recent news about the fork being cancelled and it being attacked by several different alt coins and technologies. I think it will come out stronger personally.
Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general. It feels pretty obvious to me that BTC is the best thing ever and BCH is built upon greed, but I'm not entirely confident that either will win in the end anymore.
The huge boost in BCH overnight makes me wonder if anything in the crypto world is legit. Seems like everything is based upon greed. All the figure heads that are suppose to support BTC started being like "oh yeah, BCH is the new bitcoin now guys". John Mccafee (yup, the guy who said he'd eat his own dick on TV if BTC doesn't make it to $500,000 by 2020) is all like BCH is the solution blah blah blah. I figured okay, people are getting paid off to say stuff like this, he's a miner after all so he's looking for money. But then I started reading the core developer's tweets. They either don't talk about BCH, but even some of them were talking about BCH taking over.
I get that pump and dumps are going to happen, but when developers are switching to BCH this means either two things. One, BCH will become the new BTC. Two, developers are greedy and care about making money than BTC.
Another part of me wonders whether this was a pump and dump or not. Perhaps BCH really is better now.
Decentralization, limited supply, medium of exchange, store of value. These words are thrown around a lot when describing BTC, but it just seems to me that people really care only about money. When the developers are like this, that is means for worry. This means people will make changes to BTC strictly for hype to make money, even if it actually hurts the security of the coin.
The only figure head in the crypto world that I feel is trustworthy is the creator of LTC. My reasons are this:
this tomporary btc is king in 2018 valor 10000$
1) He hasn't pumped the crap out of Litecoin with false propaganda
2) He was awkward on TV when talking about Litecoin
3) Intuitively seems more genuine
Last night has left me depressed all day today. I'm very bothered by this. I feel like if I go with BCH I lose. If I go with BTC I lose. I feel like BTC is the good guy and BCH is the evil guy. However, BCH might win in the end. I see possible +EV with BCH though. So last night I caved guys. I caved. I feel sad but I did. I bought BCH which I thought I would never do (I didn't sell most of my BTC, It is like a hedge I suppose). Just seems like the +EV thing to do. Couldn't figure out if it was a pump/dump or a takeover so went with my limited knowledge.
If BCH makes it to $3,000ish I will dump some of my BCH for BTC again.
I'm distraught guys and not in a good way either. I kind of feel like I might be getting played, but I might be making the right decision.
The huge boost in BCH overnight makes me wonder if anything in the crypto world is legit. Seems like everything is based upon greed. All the figure heads that are suppose to support BTC started being like "oh yeah, BCH is the new bitcoin now guys". John Mccafee (yup, the guy who said he'd eat his own dick on TV if BTC doesn't make it to $500,000 by 2020) is all like BCH is the solution blah blah blah. I figured okay, people are getting paid off to say stuff like this, he's a miner after all so he's looking for money. But then I started reading the core developer's tweets. They either don't talk about BCH, but even some of them were talking about BCH taking over.
I get that pump and dumps are going to happen, but when developers are switching to BCH this means either two things. One, BCH will become the new BTC. Two, developers are greedy and care about making money than BTC.
Another part of me wonders whether this was a pump and dump or not. Perhaps BCH really is better now.
Decentralization, limited supply, medium of exchange, store of value. These words are thrown around a lot when describing BTC, but it just seems to me that people really care only about money. When the developers are like this, that is means for worry. This means people will make changes to BTC strictly for hype to make money, even if it actually hurts the security of the coin.
The only figure head in the crypto world that I feel is trustworthy is the creator of LTC. My reasons are this:
this tomporary btc is king in 2018 valor 10000$
1) He hasn't pumped the crap out of Litecoin with false propaganda
2) He was awkward on TV when talking about Litecoin
3) Intuitively seems more genuine
Last night has left me depressed all day today. I'm very bothered by this. I feel like if I go with BCH I lose. If I go with BTC I lose. I feel like BTC is the good guy and BCH is the evil guy. However, BCH might win in the end. I see possible +EV with BCH though. So last night I caved guys. I caved. I feel sad but I did. I bought BCH which I thought I would never do (I didn't sell most of my BTC, It is like a hedge I suppose). Just seems like the +EV thing to do. Couldn't figure out if it was a pump/dump or a takeover so went with my limited knowledge.
If BCH makes it to $3,000ish I will dump some of my BCH for BTC again.
I'm distraught guys and not in a good way either. I kind of feel like I might be getting played, but I might be making the right decision.
Yes, it is something that make me think a bit too... but yet BTC is much higher than it was 3 months before. I think we should judge in a longer time span.
I share some of OP's thoughts about the BCH pump, it's clearly coordinated, especially when you go to Twitter and all the tweets from people you usually read and trust. However, we will just have to face this, this sort of diverge is bound to happen some time, it's probably best that this happened earlier than later. In a week or two, people will talk about bitcoin again.
Dont lose hope on bitcoin just because of that reason,BCH i think just got hyped and big whales on trading exchange sites are just making that hype as a fast source of earnings and bitcoins.Look at how it moves its not convincing aswell
Who else is losing faith in BTC? I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general.
I have a bit similar thoughts. I haven't followed the crypto world for long time, but I was a bit shocked of the manipulation and the sheer will to cripple BTC. Earlier I had thought it'd be more like crypto people vs the evil bankers (and the rest). But it seems there's so much politics and greed and all kinds of crap inside the crypto world as well. If this kind of manipulations are done now, what happens when wall street joins? Price manipulation is one thing but the jamming the blockchain was something that really bothered me. The power of miners etc.
It's also very difficult to know what's really going on due to all the mixed messages. Many people say publicly one thing trying to influence others, while they might secretly do the opposite in the exchange. There are all kinds of theories going on of the segwith2x cancellation too. First everyone was cheering and opening champagne bottles after it was canceled, but now it feels like that was just bs and the community is torn apart.
I have faith in cryptos in general but what I've done is I converted my bitcoins to other cryptos (not to BCH, though). I don't want to have so much of my investments in BTC since that's the crypto, which will be targeted in the future as well. To put it this way: if BTC goes up ->
But if BTC goes down a lot, it doesn't ruin my entire day.Anyone else thinking the same?
As you said most of them are 'greedy and care about making money', so you care about your investments too I think but it does make you greedy? you are losing faith with Bitcoin because the price of it goes down not because of the Segwit2x cancellation or maybe I'm wrong.
Investments have always risk in it and we can't blame people for panicking or losing trust with Bitcoin but if this event will be surpasses by the developers with a better solution then the rocket will soon kiss the moon's surface. Bitcoin is facing now a serious make or brake thing for it and the 10th years anniversary of this digital currency is nearing soon so if it outlast the controversies within the past years then we just hope that it will do the best again this time.
Quote
“Our goal has always been a smooth upgrade for Bitcoin. Although we strongly believe in the need for a larger blocksize, there is something we believe is even more important: keeping the community together. Unfortunately, it is clear that we have not built sufficient consensus for a clean blocksize upgrade at this time. Continuing on the current path could divide the community and be a setback to Bitcoin’s growth. This was never the goal of Segwit2x.”
This statement for me is an honest and trustworthy developer right there though he prioritize what matters best instead of pushing something that may result for a worst scenario.Investments have always risk in it and we can't blame people for panicking or losing trust with Bitcoin but if this event will be surpasses by the developers with a better solution then the rocket will soon kiss the moon's surface. Bitcoin is facing now a serious make or brake thing for it and the 10th years anniversary of this digital currency is nearing soon so if it outlast the controversies within the past years then we just hope that it will do the best again this time.
Why is there always such panic? We are just having another correction caused by the cancellation of the SegWit2x hardfork. It is just a matter of time before everything gets back to normal. We have 180k unconfirmed transactions. Don't you think it is suspicious that it happens right after some group claimed that they have 30% of the hashrate? Bitcoin hashrate dropped almost by 50%.
People are always panicking because there is no authority to appeal to, no overarching entity that can be blamed for events, etc. People do not like having their money in something that they have to rely on other people to not mess up. It's why we see the same people day in day out thinking there is going to be some sort of other crypto which will come along and replace Bitcoin, partially because some people want to stir things up and troll and also because people know a lot of the community is vulnerable to FUD because there is not real source for news and it is always based on people's interpretations. Out news sources don't even report consistently a lot of the time, amplifying the issues. 
Who else is losing faith in BTC?
No one, except the newcomers, and soft minded people who panic sell when there's a correction in the price.I use to believe that BTC would change the world. What I just witnessed last night with BCH attempting to take over just shook my entire belief in BTC and crypto currency in general.
Really? just because the price went down thanks to a group of people attacking BTC now you think Bitcoin won't change the world? really? if you believe in Bitcoin and it's techinology, you wouldn't be saying that right now. The huge boost in BCH overnight makes me wonder if anything in the crypto world is legit.
wait, you thought anything in in the crypto world was legit? anything? sounds to me like you had no idea what you got yourself into.Another part of me wonders whether this was a pump and dump or not. Perhaps BCH really is better now.
If you've been active reading posts in the forum, or in social media, then you should be aware of what's happening. If not, then you should read some more. But if think "BCH really is better now" well then, go and enjoy your altcoincash. No one's gonna try to change your mind.Decentralization, limited supply, medium of exchange, store of value. These words are thrown around a lot when describing BTC, but it just seems to me that people really care only about money
there are people who care about the money (investors, holders, miners, etc) , there are other people working to make the techonology better, but at the end of day, who cares? The only figure head in the crypto world that I feel is trustworthy is the creator of LTC.
perhaps LTC is better suited for you.Last night has left me depressed all day today. I'm very bothered by this. I feel like if I go with BCH I lose. If I go with BTC I lose. I feel like BTC is the good guy and BCH is the evil guy.
what's this good guy/evil guy stuff? what? and you say you're feeling depressed from all the stuff going on right now, so? sorry to inform you but this forum isn't a support group, you probably go outside, enjoy the fresh air and stop thinking about cryptocurrencies. My advice, because I think you're a good guy who's just baffled by the whole situation: Hold your coins.
if bitcoin cash really takes over bitcoin..then i think this makes the whole cryptoworld feel shady and will turn people away..just seems crazy that bitcoin this bitcoin that and then all of a sudden "bitcoin cash" is prime to be #1? just shows crypto currency is shady as fuck
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