Topic: Losing faith in BTC... - page 2. (Read 5488 times)
Bitcoin is now back on track hitting almost $7,800 while bch has dumped from its recent high price. You see its a natural scenario for bitcoin to experience low points. Yes its kinda fruatrating but dont let your emotions win you over. Just trust the btc market it will always bounce back.
The high price of bitcoin should be based on the convenience, simplicity and speed of its transactions. People do not just need a brand of bitcoin, but its functionality, which recently wants the best. Only on the basis of this, some people lose faith in the original bitcoin. If he removes his shortcomings, he will not have any problems. However, increasing its price at low bandwidth and high transaction costs still really reminds me of a bubble. And this is dangerous both for bitcoin itself, and for crypto currency in general.
we should get rid of this topic its depressing to read.
I don't know why people loose faith with just a small dip. BTC has again touched a new high of $8000 today.
So no need to worry..its just a regular trend. Stay invested in BTC to gain profits.
So no need to worry..its just a regular trend. Stay invested in BTC to gain profits.
It seems that its price is stuck at 6500 range for days now 
Stuck? You are not being realistic, after all shits which happened to bitcoin lately 6500 is great price. And look just 12 hours after your post price jumped to 7200 - bitcoin is back, bigger and stronger.
Don't panic, everything will be just fine
It sounds like people bought it higher than 6000. lol Good price for you but not for them. People need to read the charts back in 2013 - 2014. Be prepare for this. It can happen but at a unpredictable rate. Like everyone said don't invest more than you can afford.
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:
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:
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.
Don't lose hope because just like in every game that if you lose it will be the end of it but it is just a test on how strong the belief of people with bitcoin. As popularly said in this forum everything is unstable so there is the possibility that it will increase. Just still uphold with what is happening to bitcoin because I believe that it will rise again. Just like in our life that is full of ups and down and all we need to do is to believe and fight in order to survive.
To be honest, the speculation and high volatility that occurred a few days ago was also very painful for me to see the easy way in which speculators can manipulate so abruptly the price of bitcoin and the altcoin market in general. This will never be healthy for bitcoin or for investors who started looking at bitcoin as a valid option to invest.
I have no doubt that after that dark episode, many people will have become disillusioned with bitcoin, which will undoubtedly be detrimental to the entire ecosystem and will greatly delay any attempt to promote its massive adoption.
I have no doubt that after that dark episode, many people will have become disillusioned with bitcoin, which will undoubtedly be detrimental to the entire ecosystem and will greatly delay any attempt to promote its massive adoption.
I am not loosing my faith with bitcoin, i still believe that bitcoin can give me a greater future. Bitcoin is currently recovering and going back to the higher prie again.
I loose faith just in what Bitcoin appeared to be 5-6 years ago: anonymous currency of libertarian world economy.. All the rest is still OK (oh, except the number of unconfirmed transactions 
)
)
I think BTC will remain king until there is another standard for purchasing alts and I can't imagine that right now. Every popular crypto twitter quotes trade prices in sats. So unless people start looking at the ETH equivalent of an alt or can buy alts directly with fiat, BTC will continue to reign supreme.
BTC will rise once again, this BCC pump and dump will die its natural cause.
Transaction fees are high, but I can't see BTC crashing because of it. Alts will take over if it's not fixed but it won't happen overnight.
People that are losing faith in bitcoin are the panic sellers or newbies that just witnessed bitcoin at dip and correction at it's finest. If you are not prepared for the worst in bitcoin, while it's up again you better pull out your funds as it can happen again so that you won't complain again when it comes.
Why would you lose faith? BTC does what BTC does, that's moon, correct, moon again....on a mission to adding further zeros to our bank accounts. It's glorious.
Because you lose your faith you lose some profit. Because if you believe in bitcoin on the day decreased the price and you bought for sure you are happy now because you earn profit because the price of bitcoin again increase and its already 7200 dollars.
A few days ago when Bitcoin was dipping and the usual BTC bashing suspects pickup where they left off, BTC drops BTCC rises. I did not feel fear just deflated. The feeling doesn't last long. I remind myself the crypto world is about survival of the fittest. It resembles the wild west. Only two types of people lived in the wild west, those desperate and/or looking for adventure. I do not want to be a whitepaper toting central bank despising disciple of Bitcoin desperate for change. Change will happen naturally from great ideas not from greed. Have fun.
A temporary deep in the price of bitcoin or big rise in an altcoin still doesn't count for losing faith in Bitcoin. These are main market happenings that is bound to happen and that's what makes the market exciting too. I would probably agree with the loss of faith if or when bitcoin goes out; a real crash! But that isn't happening. Like most people agree and have said that Bitcoin is unstoppable, this is what I believe and know for sure.
It seems that its price is stuck at 6500 range for days now
Stuck? You are not being realistic, after all shits which happened to bitcoin lately 6500 is great price. And look just 12 hours after your post price jumped to 7200 - bitcoin is back, bigger and stronger.
Don't panic, everything will be just fine
We should never loose faith in btc !!! It's a real source of money and a lot of people had their lifes turned to be very good due to it !
People got job opportunities from it and started to work hard for something that returned them enough money to have a good life and they don't have to scam , steal or beg for money any more !
People got job opportunities from it and started to work hard for something that returned them enough money to have a good life and they don't have to scam , steal or beg for money any more !
Just follow Bitcoin hashrate and the number of ICOs that are using BCH to understand the situation.
The hash rate can only give us limited information. We can take a broad overview regarding these trends --- whether miners are investing in Bitcoin or pointing their hash rate at other coins, or shutting down entirely. But we can't know what kind of R&D into chip fabrication is happening behind the scenes. And we also don't know how much hardware is waiting in lie for the next difficulty adjustment.
It's also important to note Bitmain's dominant position in the chip fabrication industry. They control a lot of the hash rate and they also dominate much of the ASIC hardware sector. They can manipulate our perceptions around the hash rate.
Anyways, there should only 1 crypto survive in the end of this long battle.
I disagree. Bcash isn't worth investing in, IMO. But there are many other interesting coins that have bright futures.
Jump to: