MATHEMATICALLY Impossible for BITCOIN to "Come Back" - Why tell ppl lies?

yefi

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Quote from: exstasie on November 12, 2020, 06:04:58 PM

Price wise, Bitcoin was in a very scary place when this OP was written, so I'm not surprised at the sentiment. The market was in free fall and dripping through the low $3,000s. It was very easy to imagine it failing below the 200-week MA, or retesting the 2013 ATH and/or failing below it, things Bitcoin had never done before that would suggest an end to the historic bull cycle. If things had gone differently and BTC traded sub-$1K after the post-2017 bubble pop (something that seemed very plausible not all that long ago) this discussion would sound a lot different.

The OP is not simply wrong now - he was wrong then.

Quote from: yefi on December 08, 2018, 12:58:59 PM

Quote from: bitserve on December 08, 2018, 09:34:55 AM

And we are still scared. I am. Let's be honest, you too. Yet here we are hodling and thinking if the time has come to start buying again.

Are we? If anything I am quietly cheerful that n00bs have handed us back our coins again at another 80-90% discount and are once more decrying the untimely death of Bitcoin. Bravo n00bies!

Febo

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Quote from: Febo on December 02, 2018, 12:36:58 PM

Quote from: btc-room101 on December 01, 2018, 10:52:04 PM

In 2017 they pumped&dumped btc on CHINA, USA, Europe, africa, korea, singapore, aussie, ... everywhere on earth people used their credit-cards who had no money, to BUY BTC,

Now these people have lost all their money, they still OWE on this debt,

Who in the hell is going to bring a NEW $800 BILLION USD back to the btc table??

Rich people. They now know poor are in debts and cant buy anymore so they will start buying. They dont want that Bitcoin is owned by poor. So they will buy them out.

I guess I was totally right 2 years ago. Rich people are buying. The institutions where rich people have their wealth stored. Bitcoin is moving from hands of 99% to hands of 1%.

exstasie

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Quote from: gentlemand on November 12, 2020, 06:13:01 PM

Quote from: exstasie on November 12, 2020, 06:04:58 PM

Price wise, Bitcoin was in a very scary place when this OP was written, so I'm not surprised at the sentiment.

All dependent on when you arrived. If you've been through one cycle before then you're fully immunised to proper panic, or at least I felt exactly zilch from 2017 onwards other than boredom.

It's not about being hardened against panic. If you'd feel exactly the same at $800 as you would at $16K then good on you, but I'm mainly interested in the actual trajectory of the market.

The point was that in early December 2018, regardless of any fundamental factors, it was very possible Bitcoin was going to fail below the 200-week MA, the previous 2013 ATH, etc. This would have, in my opinion, ended Bitcoin's historic bull market. We could even be trading in triple digits right now if things had gone that way.

Obviously things didn't go that way and I see that scenario as virtually impossible now, but as is the case in all bear markets, you can't recognize the bottom until it's very far away in hindsight.

gentlemand

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Welt Am Draht

Quote from: 600watt on November 12, 2020, 11:27:45 PM

I wish I had your boredom. in it since 2013 and literally every bear cycle almost broke me in different angles. looking forward for the next opportunity to fuck up Cheesy

I can create a program for you to turn you into a Bitcoin warrior monk. It basically involves me telling you how to feel. Simply send me a text message and I will reply with the emotion you should be feeling. The only thing you need to do to succeed is obey me completely. If you do this you will do very well, grasshopper.

chip1994

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HEX: Longer pays better

Quote from: btc-room101 on December 01, 2018, 10:52:04 PM

Also the FED-RES is no longer doing QE, a lot of the money that made its way to BTC was that post 2008, the FED printed $4 Trillion USD and dumped it on the world, so a lot of that money, trickled to BTC, ...

BUT now the FED has quit QE, its no coming back.

There is NO way in hell, its infinitely impossible for bitcoin to go back to even $5k, in all probability it might stop at $1k, but its most likely to just keep drifting back to $400.

I think you had the 2018 sell-off that caused you to panic and lose confidence in Bitcoin. Actually, there are many people who suffer like you but they choose to be silent. The sad thing about manipulation is that manipulation is so common that it can lose all greedy people in just a few days.
So when participating in the crypto market, be sure to have a safe method of making money. manipulative organizations are still growing stronger so in the coming days, we also need to be careful about the correction after the rising streak.
Ps: I would say that Bitcoin can surpass ATH and may continue to fly even higher in the future. Do not be too pessimistic about Bitcoin because in the future it will soon be legalized worldwide.

justdimin

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Whoever found this topic and made it comeback deserves a big applause from me.

@600watt
Thanks for making me laugh at people who doubted bitcoin and how it could never come back.

I mean we are in bitcoin world and made it to $20k once, why do people think that it was only for once and why do people think that it is impossible for bitcoin to do something again after it has already done it once?

There is obviously always a way that bitcoin could do the same thing again and breach over $20k, if we did it once that means we can do it again. What we need to do now is stay calm and not get hyped about bitcoin and act like we deserved and earned this place, if we act like this is a hyped price that is ballooned up that would turn this into a bubble that could burst but if we act like the price is settling where it should be, we will stay here.

STT

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The Dec low was harsh over xmas as well but the lows before that after 2013 peaking seemed far worse, a desolate wasteland of a failed idea type meta and it wasnt that but overall I think there was a ton more doubt and it reflected in price in that first instance that I remember. The halvening in 2016 probably helped more then at first realised to break the back of that negative sentiment.

Quote

FED has quit QE, its no coming back.

The reason this thread is worth referring back to is that it will repeat most likely, both negative sentiment and the reference to QE being ended. You will know when QE ends because it will go boom, it'll get your attention whether interested or not. They cant unwind or neutralise QE, Japan hasnt managed to reverse 30 years of decline with decades of QE because its not a positive or productive measure, its disruptive and a last resort but now its commonplace. Its likely we are going to witness once in a generation events before its over and somehow BTC is woven in and involved in that process both positive and negatives. Volatility is a rising trend is my general take so it wont just be price appreciation but more upsets and tests along the way I reckon.

pooya87

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as they say The internet is written in ink.
topics like this are good historical and educational things to read for everyone specifically the starting post with the following FUD:

Quote

There is NO way in hell, its infinitely impossible for bitcoin to go back to even $5k, in all probability it might stop at $1k, but its most likely to just keep drifting back to $400.

in fact it is so much more important for people to read this type of topic years after they are created so that they can learn about FUD, what it looks like, who spreads it and why.

adaseb

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I remember Dec 2018 like it was yesterday, and it was pretty much as bad as that $200 support break back in 2015, I think it was in Aug 2015 or so. Basically it was a scary time also because BTC traded at $200 forever and when it broke $200, we all assumed it would go to double digits but the next day or so it quickly went back above $200 and that was actually the LOWEST that I have ever seen bitcoin trade since I got involved with crypto. And don't say, "why didnt you get a loan and buy all the BTC you could at $175?" Because I didn't know it was the bottom.

Just like this individual felt in Dec 2018, sure it seems like a good idea to buy at $3200 back in that time however the sentiment was negative and looked like BTC would go to maybe triple digits back then. So it doesn't matter how many cycles you have been through, if you got a large percentage of your savings tied into crypto, those times sure must of hurt.

600watt

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Quote from: gentlemand on November 12, 2020, 06:13:01 PM

Quote from: exstasie on November 12, 2020, 06:04:58 PM

Price wise, Bitcoin was in a very scary place when this OP was written, so I'm not surprised at the sentiment.

All dependent on when you arrived. If you've been through one cycle before then you're fully immunised to proper panic, or at least I felt exactly zilch from 2017 onwards other than boredom.

If newcomers could upload the experience of complete boom and bust into their sweaty minds they would come out the next real one in a vastly better position. Either way post 2017 it was shit but the idea of it dwindling to nothing had become outlandish. Far less so in 2014/15.

I wish I had your boredom. in it since 2013 and literally every bear cycle almost broke me in different angles. looking forward for the next opportunity to fuck up Cheesy

coin-investor

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Quote from: snipie on November 12, 2020, 07:28:59 PM

Basically the majority of bitcoin buyers who regretted buying at the 2017 big rise can now sell without losing the money that they were crying about for 3 years now or even make a profit, or they can keep it and wait, HODL Wink

They should keep it, they have waited 3 years HODLING their coins, another all time high is looming, they have extend their patient for the past two years why letting it go now, unless you badly need money because of the pandemic, but if you can still keep on, why not HODL for another one year, things are looking better now, they are going to regret it if Bitcoin reach $30 k next year.

snipie

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Quote from: Torque on November 12, 2020, 04:57:08 PM

Remember the days of "it's going to zero!" and "cheap coins, cheap coins!" ? Lol

Basically the majority of bitcoin buyers who regretted buying at the 2017 big rise can now sell without losing the money that they were crying about for 3 years now or even make a profit, or they can keep it and wait, HODL Wink

gentlemand

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Quote from: exstasie on November 12, 2020, 06:04:58 PM

Price wise, Bitcoin was in a very scary place when this OP was written, so I'm not surprised at the sentiment.

All dependent on when you arrived. If you've been through one cycle before then you're fully immunised to proper panic, or at least I felt exactly zilch from 2017 onwards other than boredom.

If newcomers could upload the experience of complete boom and bust into their sweaty minds they would come out the next real one in a vastly better position. Either way post 2017 it was shit but the idea of it dwindling to nothing had become outlandish. Far less so in 2014/15.

exstasie

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Quote from: gentlemand on November 12, 2020, 03:58:20 PM

In 2014/15 it was still possible to believe it could go nowhere so these people could make the back of your mind twitch, if you're weak. If they insist the same thing after that they are pissing in the wind as we say.

Price wise, Bitcoin was in a very scary place when this OP was written, so I'm not surprised at the sentiment. The market was in free fall and dripping through the low $3,000s. It was very easy to imagine it failing below the 200-week MA, or retesting the 2013 ATH and/or failing below it, things Bitcoin had never done before that would suggest an end to the historic bull cycle. If things had gone differently and BTC traded sub-$1K after the post-2017 bubble pop (something that seemed very plausible not all that long ago) this discussion would sound a lot different.

yefi

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Quote from: 600watt on November 12, 2020, 03:54:19 PM

fun fact: somehow a tweet from Jstolfi got into my feed. hilarious. he is literally still shitting on bitcoin calling it a ponzi - almost asked him if he had plans to return to btctalk. (I heard he had logged in here as of lately).

Ha! Prof. Bitcorn was the same. Last I remember from him he was telling people to "mark his words" that 20k was the retail top and would never again be reached. Some people just love to double down on their losing positions.

Torque

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Remember the days of "it's going to zero!" and "cheap coins, cheap coins!" ? Lol

600watt

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Quote from: gentlemand on November 12, 2020, 03:58:20 PM

Quote from: 600watt on November 12, 2020, 03:54:19 PM

now that they are all gone I almost miss them. but I guess not even the hardest masochist can stand the constant flak in WO for long.

I do not miss them. By the time Stolfi is on his death bed I am certain at least 1-2 solid years of his life will have been spent screaming about Bitcoin. What a stunning waste.

In 2014/15 it was still possible to believe it could go nowhere so these people could make the back of your mind twitch, if you're weak. If they insist the same thing after that they are pissing in the wind as we say.

yes, reality leaves the moronic haters no choices. 2021 will be tough for them.

gentlemand

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Quote from: 600watt on November 12, 2020, 03:54:19 PM

now that they are all gone I almost miss them. but I guess not even the hardest masochist can stand the constant flak in WO for long.

I do not miss them. By the time Stolfi is on his death bed I am certain at least 1-2 solid years of his life will have been spent screaming about Bitcoin. What a stunning waste.

In 2014/15 it was still possible to believe it could go nowhere so these people could make the back of your mind twitch, if you're weak. If they insist the same thing after that they are pissing in the wind as we say.

600watt

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Quote from: gentlemand on November 12, 2020, 03:36:31 PM

I love these throwback accounts posting stuff that went out of fashion in 2015. Back then this place was crawling with them. After 2017 they really weren't trying very hard. Now they're wonderfully quaint. Fodder for newcomers to enjoy.

fun fact: somehow a tweet from Jstolfi got into my feed. hilarious. he is literally still shitting on bitcoin calling it a ponzi - almost asked him if he had plans to return to btctalk. (I heard he had logged in here as of lately).

now that they are all gone I almost miss them. but I guess not even the hardest masochist can stand the constant flak in WO for long.

gentlemand

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Welt Am Draht

I love these throwback accounts posting stuff that went out of fashion in 2015. Back then this place was crawling with them. After 2017 they really weren't trying very hard. Now they're wonderfully quaint. Fodder for newcomers to enjoy.

Topic: MATHEMATICALLY Impossible for BITCOIN to "Come Back" - Why tell ppl lies? (Read 1025 times)