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Topic: Lost my faith (Read 7001 times)

sr. member
Activity: 252
Merit: 250
July 05, 2013, 01:22:25 PM
#95
I'm afraid I've lost my faith in Bitcoin. Somebody save me..

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

― Warren Buffett

Or my favorite,
"Buy when there's blood in the streets, even if the blood is your own."
—Baron Rothschild

I like that one as well.

I personally like this one:

legendary
Activity: 1512
Merit: 1000
July 05, 2013, 01:19:23 PM
#94
There's no reason to loose faith. BTC/fiat valuation drop is mainly due to mass activation of highly profitable asic devices while difficulty adjustments always lags a bit behind.

No, no it's not.  You need to re-evaluate the total number of coins mined per day and the total volume of coins traded on the exchanges in a day.

DROP IN A BUCKET.
hero member
Activity: 728
Merit: 500
July 05, 2013, 10:32:40 AM
#93

While I didn't do that chart, it was the reason I created this spreadsheet, only tracking the lows:
Google Spreadsheet with Monthly Lows Summary Data

Updated it to include the current lowest price from July and added a chart that tracks the monthly lows in addition to the percentage change chart.  The data is all pulled from BitcoinCharts tracking of MtGox numbers daily.

legendary
Activity: 1610
Merit: 1004
July 05, 2013, 12:07:19 AM
#92
i cashed out but i'll be back, with ten stacks
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
July 04, 2013, 09:05:25 PM
#91
I'm afraid I've lost my faith in Bitcoin. Somebody save me..

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

― Warren Buffett

buffet is leveling everyone to lose your money.
legendary
Activity: 1974
Merit: 1029
July 04, 2013, 05:58:25 PM
#90
sr. member
Activity: 335
Merit: 255
Counterparty Developer
July 04, 2013, 03:18:39 PM
#89
thats because you are reading the high price which is always volatile.. check out the monthly low price.. you will see there is a constant rise. the low price is more of the indicator of true value and growth indicators.. the high price is just pure speculation and should be ignored for long term investors


good, you should never have faith in anything. faith is the antithesis of reason and evidence.

WOW!!  2 jewels on only one page !!! thks guys!
sr. member
Activity: 448
Merit: 250
July 04, 2013, 03:05:57 PM
#88
I'm afraid I've lost my faith in Bitcoin. Somebody save me..

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

― Warren Buffett

Or my favorite,
"Buy when there's blood in the streets, even if the blood is your own."
—Baron Rothschild

I like that one as well.
legendary
Activity: 1120
Merit: 1003
July 04, 2013, 02:24:26 PM
#87
I'm afraid I've lost my faith in Bitcoin. Somebody save me..

Faith? Faith is dumb. If you base your investments on faith maybe you should be saving tulip bulbs.
legendary
Activity: 1834
Merit: 1019
July 04, 2013, 02:21:22 PM
#86
I'm afraid I've lost my faith in Bitcoin. Somebody save me..

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

― Warren Buffett

Or my favorite,
"Buy when there's blood in the streets, even if the blood is your own."
—Baron Rothschild
legendary
Activity: 1624
Merit: 1001
All cryptos are FIAT digital currency. Do not use.
July 04, 2013, 10:46:21 AM
#85
There's no reason to loose faith. BTC/fiat valuation drop is mainly due to mass activation of highly profitable asic devices while difficulty adjustments always lags a bit behind.

Bitcoin acceptance is constantly growing.

Just be patient and use Bitcoin.

The price is dropping and will likely continue to do so because of the asic scams and the way they have hoarded the hashpower and coins.

Who will want to invest if/when the full scope of the asic scam becomes known ? eg. 30-50% of the new coins mined this year should be considered, stolen property.

Bitcoin seems to have become nothing more than a CIA backed cashless fiat knock off. :/

HT xD
legendary
Activity: 1153
Merit: 1012
July 04, 2013, 10:15:49 AM
#84
There's no reason to loose faith. BTC/fiat valuation drop is mainly due to mass activation of highly profitable asic devices while difficulty adjustments always lags a bit behind.

Bitcoin acceptance is constantly growing.

Just be patient and use Bitcoin.
sr. member
Activity: 448
Merit: 250
July 04, 2013, 10:13:27 AM
#83
I'm afraid I've lost my faith in Bitcoin. Somebody save me..

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

― Warren Buffett
legendary
Activity: 1148
Merit: 1001
July 04, 2013, 10:10:43 AM
#82
I'm afraid I've lost my faith in Bitcoin. Somebody save me..

pfffft.  c'mon, btc will trend up again.  only question is when.

TODAY!   Grin 

legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
July 04, 2013, 02:37:23 AM
#81
I'm afraid I've lost my faith in Bitcoin. Somebody save me..

pfffft.  c'mon, btc will trend up again.  only question is when.
newbie
Activity: 53
Merit: 0
July 03, 2013, 11:43:45 PM
#80
I know i lost my faith their is no real adoption in this economy the Chinese bitcoin video went on for weeks and has done nothing. Also the Winklevoss story, i dont think their idea will ever be approved anywhere. Dont get me wrong i like the idea i just dont think it will be approved as we know the US hates btc. It doesn't matter how good an idea like BTC is if the masses are to dumb to use it.
legendary
Activity: 1624
Merit: 1001
All cryptos are FIAT digital currency. Do not use.
July 03, 2013, 11:05:19 PM
#79
The markets are losing it too. $71 USD and dropping...  Angry
Show me where you see $71 USD.

Oops.. I meant 81. lol  and dropping..

"dead cat bounce" now... almost back to 81

Or.. $63 CAD.. if you're sellin. Tongue

https://www.canadianbitcoins.com/
sr. member
Activity: 378
Merit: 250
July 03, 2013, 08:29:06 PM
#78
Well... It was usless. I didn't see but there was already the same chart in the doc Grin

sr. member
Activity: 378
Merit: 250
July 03, 2013, 08:20:50 PM
#77


Here is the chart of the monthly low since 01/11.
I redraw it, you have the monthly low in blue, the increase rate in orange.


Where'd you get the raw data for that? as in, how'd you get a list of all the data without manually entering in each day


I found the raw data in this thread, just above Cheesy
Google Spreadsheet with Monthly Lows Summary Data
legendary
Activity: 1834
Merit: 1019
July 03, 2013, 08:17:38 PM
#76


Here is the chart of the monthly low since 01/11.
I redraw it, you have the monthly low in blue, the increase rate in orange.


Where'd you get the raw data for that? as in, how'd you get a list of all the data without manually entering in each day
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