majority will lose money and minds - page 6.

kissme09

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Quote from: vypzilla on January 06, 2019, 10:45:21 AM

The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none.

Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.

Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.

People are always attracted to money, and when Bitcoin reaches the highest value, it has drawn the entire world to look at it. And many people have wanted to own it and have invested in it despite the risks they might encounter. People are always stupid to seek their profits and still get caught in the hunters' traps.

pundit

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Quote from: vypzilla on January 06, 2019, 10:45:21 AM

The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none.

Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.

Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.

There should be a proper planning with every investment, if somebody bought BTC at $100 then there should be partial profit booking at some point and let the other running with trailing SL, in this way investor would never lose once market goes into his favor. Greed and fear are two enemies in any financial market and one needs to learn to control both these factors.

Ridwan Fauzi

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If you have done it, I really appreciate that because you told someone else to buy bitcoin because you have bought bitcoin, but when you advise other people to buy bitcoin, but you never buy it, it doesn't make sense.

Everyone will compare bitcoin with the other investment places, every person wants to get profit when spend money for investing, he always thinks about when he wants to buy bitcoin. While bitcoin has not been able to provide profit for its investors, especially for investors who have bought bitcoin at ATH in 2017. Most of them are just waiting for the price to recover before buying it again, not to mention the last year the price of bitcoin continues to decline and this will give the different image to investors.

izanagi narukami

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Let's we talked about history, you can see many people experience profit on Nov 2017 ( include me )
That encourage more people to invest and let me remind you that crypto trading is risky activity, yes you can earn more profit but at the same time, you can experience major loss.

Are you dare to accept the challenge or just stay warm in your house ?

joshy23

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Fact remains the same, never to invest money that you can't afford to lose, why to think that way if you can be positive and stay calm, yes possibilities are always there, you just need to make a stand, investment is for the future success knowing your limitations and handling it in a proper manner will bring huge gains not only with your money but also with your confidence trusting your assessment controlling your emotions.

bering

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I admitted one of my reason why bought bitcoin is to make money but i do accept the risk behind it and even in the real life our journey to earn money or to increase our standard of life also will not always be smooth moreover to in the bitcoin world that when we will always be facing unpredictable situations but although people says negativity but i won't lost my faith to bitcoin that someday bitcoin can do more

budiarmed

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I think it depends on our own point of view, and when you think in a negative way then you will see it as a risk, but if you think positively you will be able to benefit, and that depends on your strategy in using opportunities in crypto.

LogitechMouse

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Let me guess, you are one of the investors who bought Bitcoin at its highest price and now you are sharing some of your negative opinions here

.

To be honest, I believe in your opinion and for sure people who bought Bitcoin last December 2018 when it's price is at $3200 will sell it when it reaches $50,000. Who will be stupid enough to hold when they know that they can get profit in selling. I think mass adoption of cryptocurrency will make the price stable.

Halmater

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Buying some crypto doesn't make you an equity or a stock trader. You don't need to stay online and stare price list for 24-7. If you have some free time and enjoy to gain info about how market goes on, you may spend an hour or less on the net. Anybody addicted or obsedded to something else will experience depression, not gain a profit.

benres

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I guess your opinion is too much negativity, indeed many have been holding on to their bitcoin because they have been hyped when it reached the 20 K high. Many have big profit but many because of sentiment they continue in hodling until now. Fundamentals and profitability is still with bitcoin and only those who bought at the all time high loose because of lack of knowledge. Hopefully soon when regulation is approved then we will see more smart investors to bitcoin whether they are institutions or private investors like us who in any way profited in the last bull run.

jossiel

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Quote from: vypzilla on January 06, 2019, 10:45:21 AM

The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none.

Very wrong assessment. Do you think that most and even the early buyers think of that "sick" gains before? I'll admit that I'm totally ignorant before and the volatility wasn't on my mind when I first heard and tried out bitcoin.

I feel like I'm very cool to have it before and the tech behind it really looked cool when you're sending some money to someone anywhere on Earth without bank interaction.

Quote from: vypzilla on January 06, 2019, 10:45:21 AM

Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.

I'll sell even it crosses to $20,000.

Quote from: vypzilla on January 06, 2019, 10:45:21 AM

Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.

Very skeptic about bitcoin huh, we will see on how long we have to wait before it crashes to zero.

avikz

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Quote from: vypzilla on January 06, 2019, 11:25:51 AM

Quote from: avikz on January 06, 2019, 11:11:29 AM

Any particular reason for your ranting?? I believe you belong to that mass who had entered into bitcoin market during late 2017. Otherwise, I don't see any other reason for your ranting. Are you neck deep in debt just because of bitcoin. If yes, start a crowd funding activity and people will help you to get out of that. Why waste unnecessary energy in rating??

We really don't know where bitcoin will be heading in future, all we can do is speculate! Every speculation has two sides of it and you are surely standing on the opposite side compared to me! Just keep calm and believe in blockchain. This tech is going to change the world for better!

Also just remember a golden rule for investing into unorganized sector that, never invest anything which you cant afford to loose! You don't seem to be following that!

Hi there, I entered when bitcoin was around $600 a few years ago and lost a shit ton of money. Became obsessed with cryptocurrencies in general which spiraled into a dark depression. I'm guessing you mean "lose" and not "loose"? anyway, I can't afford to lose anything, that's why i'm always questioning the space. FYI I follow the beat of my own drum.

"Just keep calm and believe in blockchain. This tech is going to change the world for better!" Quick question, can you explain to me how it is going to change the world for the better?

If you have entered $600 price point, I don't understand how you are loosing money! You should stay in profit instead, a huge profit! Did you lose money because of day trading? Then how you can blame the crypto space for that? If you follow the beat of your own drum, the winning is yours as well as the losses! Even I lost money from day trading and I don't blame anyone for that because that was my decision knowing the risk factors!

To your second point, I can write a nice and long article if my time permits. But for now, understand two things that can be implemented through blockchain,

1. Integrity
2. Transparency

These two things can change the world for better and blockchain is one tech that can implement these two things strictly and correctly for mass usage!

MI6

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Quote from: vypzilla on January 06, 2019, 10:45:21 AM

The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none.

Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.

Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.

Someone who always check market for their investment only think that bitcoin can give them big profit in short time, but never think risk about it. but real investor is what you said in last paragraph, only check their investment once in a week / month.

GrayFullbuster

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Quote from: EdenHazard on January 06, 2019, 11:31:39 PM

Have you ever thought of $100 in 2009 with the price of bitcoin at the time and the price of bitcoin now? Everyone will think of a huge $100 at that time, and he never thought when the price of bitcoin would exceed $1000 in 2017.

Invest it by rights don't be greedy for seeing uncertain opportunities. Use your money and you should be able to increase the money not by investing only, you can through trading or loan to increase your capital. Use opportunities, which is clear when a lot of regulations for bitcoin come in maybe it's a sign that you have to be ready to sell and buy more.

We have a lot of opportunities that we can get in this market, we should not be greedy because for sure we can experience losses. It is now proven that price of bitcoin is increasing every year. We should see it that there is a progress where we can have many opportunities.

EdenHazard

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Have you ever thought of $100 in 2009 with the price of bitcoin at the time and the price of bitcoin now? Everyone will think of a huge $100 at that time, and he never thought when the price of bitcoin would exceed $1000 in 2017.

Invest it by rights don't be greedy for seeing uncertain opportunities. Use your money and you should be able to increase the money not by investing only, you can through trading or loan to increase your capital. Use opportunities, which is clear when a lot of regulations for bitcoin come in maybe it's a sign that you have to be ready to sell and buy more.

Bitbtc8

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Thanks for the advice ,as for me I have no other job than gathering bitcoin and altcoins for a better tomorrow ,your advice is so scary that could make one think other wise but I might start thinking of another job so that I won't entirely rely on cryptocurrency but the truth is cryptocurrency future looks brighter

TitanGEL

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Quote from: shield132 on January 06, 2019, 05:20:07 PM

Quote from: vypzilla on January 06, 2019, 10:45:21 AM

The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none.

Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.

Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.

Yeah, bitcoin wasn't made for investment but nowadays it's used for that reason and the fact that it's decentralized coin makes it to be number one. But we have other alternatives too, for example take monero, this is great coin if we want highest anonymity level, there are stable altcoins backed by usd, there is ether which has a lot of functions too.
What I want to say is that bitcoin and altcoins have great functions, especially bitcoin has one major big plus, it's decentralized compared to others but people don't care about it, they even choose ripple and as you see it's number two on coinmarketcap.
If you check price weekly, you'll end up crazy instead of waiting for win.

Bitcoin is made to improve the current payment system, the people have wrong perceptions about bitcoin because they always think that it is a investment. I think it is the main reason why people have doubts in entering the market.

Indrawan77

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Yeah a lot of people buy bitcoin because they want to invest, but there are few people are attracted to its technology and feature, some people used bitcoin for gambling because of its anonymity, and people got the sell limit so when it reach that number they will sell it, bitcoin is a risky investment, every investors must knownthis before they invest, so they don't lose their mind when the price is not as expected

teejayrichard2

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i agree with what you put up here, the truth is so many persons are obssessed with bitcoin price as they just want it to go high in price overnight, thus end up checking price every hour. That could make one loose his or her mind as bitcoin price is bound to fluctuate. No one can predict what will happen, could go up or go low that is why it is adviceable to invest only amount you can loose

deisik

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Quote from: vypzilla on January 06, 2019, 10:45:21 AM

The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none

Everything is not just black and white. There are also 50 shades of gray. Really, you could buy 100 bitcoins at 100$, then sell now and then, buying back on corrections. Indeed, it is unlikely that anyone who had bought at such a low price envisaged it to rise so high in 5-6 years, but if you were in crypto for real, there were a lot of ways of simply earning it. Then wash, rinse, repeat. So why exactly the majority would have to lose their money and minds?

Apart from losing their mind over the wealth thus accumulated, obviously

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