Topic: Nothing is dying except the illusion of easy seemless riches. (Read 699 times)
I agree to your opinion. Many people are dreaming about getting rich with bitcoin in with a single move. It can never happen. YOu need to work hard if you want to earn money. There is no easy money at all. Hard work will bring success. Dont put all of your hope in either bitcoin or the cryptocurrencies
The existence of God is still a mystery and what is more mysterious is these people posting threads with the same subject. Okay, we already know that bitcoin and other coins are getting down. I, myself, check the price everyday, and it saddens me. Yet, I am patient and quiet about it. These people need to get a grip so they can stop whining over a slight drop. The price was 5000$ last year. A bit of patience and it will rise up again.
Putting aside the God issue (take that one to Off-Topic), it's no mystery as to why there are so many similar replies. Alt accounts and signature campaigns account for most of that, hands down.Now about the whole "Bitcoin is dying!" theme. I agree with the guy here who said something to the effect that a lot of folks here have never invested in anything else in their lives--and therefore they lack experience, perspective, patience, and a lot of other attributes that serve traders and long-term investors well.
That's true, and it's why when we get a serious dip they all seemingly leap out from under their rocks and create all these threads wherein they claim (loudly) that the end is nigh.
But every single time thus far they've been wrong. Bitcoin is very volatile, and that seems to escape their notice and/or fade from their memories. Right now we're very far from the ATH, but we're not in worthless territory by a long shot.
From my perspective, we're much higher than $300, which is where bitcoin was when I got in. And my experience tells me that we'll snap back...eventually. Patience is key.
Expect another article about the non-dying words of the bubble and dead or an economic specialist will say the same line like the former mainstream did in the past when the crypto market dips so bad, most of the holders who fell into a bear trap are those who want an instant gain and money, whales are the ones who benefit from the crashes, dump some bitcoins to trigger those people, bitting the dumping scheme, the crash continues added by the other factors like regulations or banning stuff, whales have a big smile on their faces all because of a low-priced bitcoin.
and for the country of India, you may read Here
Learn to read the full context of the latest news before saying any non-dying words "dead"
By the way, no one is exempted from the word problem.
Bitcoins is already with problems, because its dead in many countries like india and korea.
Dead in many countries? for Korea read this article Hereand for the country of India, you may read Here
Learn to read the full context of the latest news before saying any non-dying words "dead"
By the way, no one is exempted from the word problem.
The existence of God is still a mystery and what is more mysterious is these people posting threads with the same subject. Okay, we already know that bitcoin and other coins are getting down. I, myself, check the price everyday, and it saddens me. Yet, I am patient and quiet about it. These people need to get a grip so they can stop whining over a slight drop. The price was 5000$ last year. A bit of patience and it will rise up again.
"Bitcoin is down, crypto is down, everything is down, this is the end, crypto and bitcoin are dead."
......the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
......the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
This illusion is always the issue. Investors want to get rich faster than the speed of a lightening. Wealth has never been easy, the earlier the understanding of the upwards and downwards movement of the market, the better.
I think it should die for the well being of global economy. or else it would grasp the whole financial stability
Yea right nothing is dying not even bitcoins and blockchains.
That's really true because bitcoin is getting played by rich bastards and they will never stop if they are getting fun out of it. I'm sure people are waiting for the big pump again but they should know that bitcoin is not all about the fare pumps and dumps. It is way more brighter than that and piece of technology which is accepted by few and played by many of us.
This currency will never die and neither its use will decrease. People will keep coming all the time and they will put loads of inevstment everytime thus making the crypto be a green place. I don't think bitcoin will die ever.
This currency will never die and neither its use will decrease. People will keep coming all the time and they will put loads of inevstment everytime thus making the crypto be a green place. I don't think bitcoin will die ever.
Bitcoins is already with problems, because its dead in many countries like india and korea.
I actually didn't get what the central idea of your topic is.
February 15, 2018, 11:03:14 PM
Well, in all history quick rich schemes had a lot of success between daydreamers, and in any gold rush the crowd of deluded people begins to run.
It seems that the desire to have something for nothing is one of the most powerful forces of the human soul.
And every time fails.
Greed and laziness is a very corrosive combination that is present among a huge number of the population, people want to obtain riches but very few are willing to go through the trouble of finding ways to do it, they want to get those riches without exerting themselves and this is why people are seduced by the idea there is a way to make easy money. It seems that the desire to have something for nothing is one of the most powerful forces of the human soul.
And every time fails.
February 11, 2018, 07:25:11 AM
Well, in all history quick rich schemes had a lot of success between daydreamers, and in any gold rush the crowd of deluded people begins to run.
It seems that the desire to have something for nothing is one of the most powerful forces of the human soul.
And every time fails.
It seems that the desire to have something for nothing is one of the most powerful forces of the human soul.
And every time fails.
February 10, 2018, 06:05:36 PM
The real problem is that we have all heard stories of people that became millionaires just by luck, and we believe that these stories are repeatable.
Actually, any moment has opportunities, and it's stupid to regret about the past.
It's true, now it will be very difficult to become millionaires in just some months, but we need to understand that compared to the vast majority of the population we are a microelite of pioneer, and we have an incomparable advantage towards them.
So, instead of complain, much better to exploit the opportunities that we have now.
Actually, any moment has opportunities, and it's stupid to regret about the past.
It's true, now it will be very difficult to become millionaires in just some months, but we need to understand that compared to the vast majority of the population we are a microelite of pioneer, and we have an incomparable advantage towards them.
So, instead of complain, much better to exploit the opportunities that we have now.
February 10, 2018, 09:17:45 AM
You are right, we are just expecting much that we can be a millionaire in just a couple of days or months, it is not that easy to become millionaire unless you have a million dollar that you can invest here since it is easy for you to earn that amount too. In other words, let us not expect more than the reality, based only on the reality how much it can give and don't be too greedy about money.
Actually, people are getting much more greedy ,and it’s going to a tend all over our global. We all know that cryptocurrency is the one which brings us to a new chance, helps us to do an extra work, also an extra income. We’d better take it as not a main work every day. I’ve seen many people ,who are so greedy, they heard too many people get a huge benefits from crypto ,so they also desire to do like that, then put all their asset for crypto and now they had no profits, no money. Most of us all have trend on hoping the price can be in good, but they forget that this market is extremely votatile, they feel scared and be in hasty for selling because it’s going down. I know its risky, I’ve never been too disappointed about this result because I know how much it can bring to me. 
February 09, 2018, 10:00:31 PM
The problem is that those who invest in crypto have never ever invested in anything else in their life.
We see this fear and greed very often in trading schools among newbies
We see this fear and greed very often in trading schools among newbies
The majority of them probably never invested into anything but crypto ever, but it does not mean they do not know now how to do it. However, all of people are greedy, the more they get the more they need.
February 09, 2018, 06:03:09 PM
The problem is that those who invest in crypto have never ever invested in anything else in their life.
We see this fear and greed very often in trading schools among newbies
I would like to point that you are so naive to say that the people who invested in crypto has never invested in anything else in their life,do you think that the price would climb this much from casual investors,that is not the case now and we have grown a lot from the initial situation where we are seeing institutional funding coming in .We see this fear and greed very often in trading schools among newbies
No matter how you drop your money, it is recommended that you hold it for a long time. Don't worry about it, it is a fall, and the investment in digital currency is different from investing in stocks.
The basic principal of investment is always the same everywhere,you enter at a specific price at your convenient and you are expecting a gain from your investment,but the volatility is really high in the crypto currency market and you could see big swings in price. 
February 09, 2018, 05:57:03 PM
Most people who are in the crypto game are looking for a fast way to gain riches. Well, this isn't one of them, and let's be honest, those who have held through time since 2010 are lucky that bitcoin gained value or else, this forum would still be a hub for the geeks and few people who really wanted to escape the chains of the government, and their bitcoins would remain a token to be gifted if someone posted something useful on these forum's boards. Only the smart investors gain something when most people accept their losses, and those investors deserve to be rich than the poor souls who thought crypto is a get-rich-quick scheme.
February 09, 2018, 05:32:36 PM
I agree with the OP in full, but I even think that his judgment is in fact an understatement. Because regardless of the latest crash, so many people got anyway absurdly rich anyway with cryptos. So a more precise title could have been: "Nothing is dying except the illusion of NO LIMITS AT ALL to easy seemless riches."
February 09, 2018, 07:45:18 AM
Totally agree with TS. I think the last correction demonstrated that the time of unstoppable hype and crazy rise of bitcoin is over and now we should be really careful and attentive to what we invest in and what future will it have
February 09, 2018, 06:58:49 AM
Many differents questions and discussions about the status of bitcoin business, these are all totally specific analysis and no one can answer a proper statement or exact words about bitcoin. And my opinion also about bitcoin business is on how the way contributes financial development worldwide, and the big impact of such contribution can make bitcoin more popular and even the government also studying about all crypto currencies, and I think governments now slowly adopt crypto currencies.
February 09, 2018, 05:41:42 AM
some people only were confused about the amount of time it takes to reach their goals. otherwise nothing is dead, even the dream of easy riches and becoming rich by investing in bitcoin. the only thing that is different is that now more people know that it takes time to get there.
February 09, 2018, 04:54:19 AM
It's an universal law that you can't have something for nothing. There is no free lunch.
Sometimes you can have the impression that it can happens, and that luck has his role, but when you receive a value and you don't offer an equivalent value in exchange, if you look deeply, you can see that there is always a price to pay.
Sometimes you can have the impression that it can happens, and that luck has his role, but when you receive a value and you don't offer an equivalent value in exchange, if you look deeply, you can see that there is always a price to pay.
February 08, 2018, 03:02:58 PM
"Bitcoin is down, crypto is down, everything is down, this is the end, crypto and bitcoin are dead."
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
This is a common mindset for those people who do just jumped in into crypto and put some money and wait up for them to get rich without even knowing on how volatile is the market and suddenly the price crash that they didn't even expect for it to happen then they do say things "bitcoins or crypto is dead" without even thinking and seeing past prices on the coins they had invested to. How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
February 08, 2018, 02:44:00 PM
This is true, since here encounter bitcoin when the value is already $6000 going up, the moment they see a dump makes them thinks bitcoin will going to end not knowing the fact that bitcoin used to be valued at $2300 and even lower than that befor, and having $6000 is still worth and consider to be a good value for bitcoin. The problem is that many don't really undestand what fluctuation is and just make their judgement on how they see the current market.
February 08, 2018, 02:43:17 PM
A lot of the volatility we have seen over the last couple months has been from the new investors coming into the market. They don't have the patience needed to hold on long term and want to get rich quick, and then panic and sell when it starts to temporarily decline. While last years climb was great, those of us that held for years went through long periods of trading sideways and declines before seeing the drastic profits. Long term crypto will remain strong, we are still in the initial growth phase and once wide spread acceptance and institutional trading starts to ramp up we will very likely see massive gains again. However, this is going to take time and those that don't have the patience to HODL will be staring in regret a few years from now when looking at today's threads mentioning prices.
February 08, 2018, 02:34:17 PM
yes lately I often see topic like that. I don't understand when people say bitcoin is die but they are still in here, not leaving bitcoin. they should stop thinking like that if they still hope bitcoin can give them profit, but when they are always negative thinking about bitcoin just because the current market condition, I think they have to leave bitcoin.
February 08, 2018, 12:41:49 PM
yes i have been read this things that some people says bitcoin and altcoin will not survive and will be dead soon with very often since the price suddenly dropped but i personally didn't think too serious about their statement because in my view cryptocurrencies will not died too early and i consider too this downtrend situations only corrections price before starting to rise up again soon
February 08, 2018, 12:13:09 PM
"Bitcoin is down, crypto is down, everything is down, this is the end, crypto and bitcoin are dead."
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
The concluding part of your statement got me and its worth pondering over by everybody who is one way or the other involved with crypto. That is the salient truth but because human by nature are forever greedy they just want everything to be on the increase yet they are the ones to raise alarm about how crypto is turning into ponzi, will it reach $100000 and all of imaginary figures.
At this time that price is, I won't even say its a crash because its still an increase that no investment in the world can turn out that is available to everyone who have the knowledge but we are aware of $20000 so $8000 is a failure to us. "Only our thought is dead but not crypto" nugget for the week
February 08, 2018, 12:03:49 PM
I really cannot understand why people spend negative news about crypto. There is no other investment option that can even given half of this return.
February 08, 2018, 11:23:38 AM
Yes, this may be hard to accept, but it's absolutely true.
More over, inexperienced wannabe traders are at the same time greedy and fearful, so the jumped on bitcoin creating a bubble, and then they panic creating - or at least amplifying - the crash.
And it's evident that the last measures against bitcoin were take to protect stupid people from themselves.
More over, inexperienced wannabe traders are at the same time greedy and fearful, so the jumped on bitcoin creating a bubble, and then they panic creating - or at least amplifying - the crash.
And it's evident that the last measures against bitcoin were take to protect stupid people from themselves.
Well, I don't have any mercy for "investors" who bought bitcoins in december at top price and sold them in these days with huge loss.
If you are a real trader, you know perfectly how to profit of any situation, as it doesn't matter if the price rises or falls.
(btw, the volatility of these days, where price jumps up and down by 15/20% is the heaven for scalpers.)
If your only strategy is "I buy some bitcoin and I hope they will grow forever..." of course you'll be punished.
And if - as a lot of people did in december - you borrowed money to buy bitcoin and now you went bankrupt...
well, it's called "natural selection" :-)
If you are a real trader, you know perfectly how to profit of any situation, as it doesn't matter if the price rises or falls.
(btw, the volatility of these days, where price jumps up and down by 15/20% is the heaven for scalpers.)
If your only strategy is "I buy some bitcoin and I hope they will grow forever..." of course you'll be punished.
And if - as a lot of people did in december - you borrowed money to buy bitcoin and now you went bankrupt...
well, it's called "natural selection" :-)
February 08, 2018, 08:28:54 AM
Great reflection. We don't see ppl yelling 'stock market is dead', 'bonds are dead' or etcs. Crypto will not die but there will bee the discover of the true aspects of crypto by the population, becouse by now just a few ppl now that cryptos are just a form of scarcity that can be send far away, and that mey or may bot be value in it.
February 08, 2018, 08:20:40 AM
People have become more greedy.They need bitcoin price to increase every day and even if bitcoin after an increase settles down in a lower price but greater than its previous ATH,then also investors get upset and start to complain that bitcoin is dead.
Same thing is being witnessed now.Bitcoin price was around $7,000 two months earlier and now its price is $8,493.But still,people complain that bitcoin is going to die.
Same thing is being witnessed now.Bitcoin price was around $7,000 two months earlier and now its price is $8,493.But still,people complain that bitcoin is going to die.
February 08, 2018, 12:28:42 AM
Everytime i open this forum and check new thread, always see this headlines "bitcoin is falling", "the end of bitcoin", "sell now". I answered in this thread and giving my own opinion on how the bitcoins movement. This sometimes, gives the wrong impressions to bitcoins probability. And helping other people to think that this is the really end. And the outcome, so much dumping in different coins and tokens, that is why red mark is always present in the different exchanges.
Yes, there is no easy way to be success and there is no easy way to be rich. Actually I do not really know about the cause of the current price drop. There are a lot of opinions and accusations against various parties. But I guess we can not accuse every person or any party without knowing directly. We must thoroughly investigate the whole and not just give an opinion which comes only from a little knowledge. Some say that the decline in price Bitcoin caused by the number of people who sell simultaneously. Some say that this price reduction is caused by the news is inconsequential and wrong. There is also a opinion that the current decline in Bitcoin prices caused by one of the most powerful and powerful country in the world that is China. I do not know which one is true. 
February 07, 2018, 10:17:05 PM
Everytime i open this forum and check new thread, always see this headlines "bitcoin is falling", "the end of bitcoin", "sell now". I answered in this thread and giving my own opinion on how the bitcoins movement. This sometimes, gives the wrong impressions to bitcoins probability. And helping other people to think that this is the really end. And the outcome, so much dumping in different coins and tokens, that is why red mark is always present in the different exchanges.
February 07, 2018, 09:34:18 PM
"Bitcoin is down, crypto is down, everything is down, this is the end, crypto and bitcoin are dead."
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
You are right but at the same time it is unavoidable, the media loves this, they love the drama, so when bitcoin is up they release headlines stating that bitcoin is going to change the world and things like that, but when things go wrong with the price, we will get headlines like bitcoin is done for and people let themselves be influenced by it, so the only way to avoid being influenced by those articles is to try to form our own opinions and to not listen to the noise produced by the media and those that listen to it. How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
February 07, 2018, 06:46:40 PM
Yes most of the people have become more greedy nowadays and they just want to become rich overnight with bitcoin.Now they have to change their attitude of earning infinite income from cryptos and i think that slow and steady increase in price is good for cryptos.Let the greedy people leave the crypto community and it would not affect it in any way. Most of investors become victims of FUD and they even refuse to think that they are still in the safer price.
February 07, 2018, 12:51:26 PM
I fully agree. Lot of people before december 2017 ridiculed bitcoin; then, with a perfect example of FOMO (fear of missing out), they jumped on bitcoin wagon, without to know anything about cryptocurrencies and trading.
And of course, instead to hold, they sold everything after a month.
Yer, this is real natural selection!
And of course, instead to hold, they sold everything after a month.
Yer, this is real natural selection!
Well, I don't have any mercy for "investors" who bought bitcoins in december at top price and sold them in these days with huge loss.
If you are a real trader, you know perfectly how to profit of any situation, as it doesn't matter if the price rises or falls.
(btw, the volatility of these days, where price jumps up and down by 15/20% is the heaven for scalpers.)
If your only strategy is "I buy some bitcoin and I hope they will grow forever..." of course you'll be punished.
And if - as a lot of people did in december - you borrowed money to buy bitcoin and now you went bankrupt...
well, it's called "natural selection" :-)
If you are a real trader, you know perfectly how to profit of any situation, as it doesn't matter if the price rises or falls.
(btw, the volatility of these days, where price jumps up and down by 15/20% is the heaven for scalpers.)
If your only strategy is "I buy some bitcoin and I hope they will grow forever..." of course you'll be punished.
And if - as a lot of people did in december - you borrowed money to buy bitcoin and now you went bankrupt...
well, it's called "natural selection" :-)
February 07, 2018, 08:22:40 AM
"Bitcoin is down, crypto is down, everything is down, this is the end, crypto and bitcoin are dead."
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
I agree with what you've said here. I've read the statement far too many times, and I'm definitely questioning whether or not people were here just for the quick profits or to actually discuss bitcoin, blockchain, and altcoins overall. Of course, I understand that many people saw bitcoin as a way to get rich quickly. However, I just feel that it doesn't make sense that people saw this and instantly jumped into the coin without even learning anything about it. That's pretty much sheer stupidity.
Also, people don't even want to take a look at the growth over time. You mentioned it, and it was definitely a huge amount over the past years. While I was surprised by when the drop came, I'm not surprised by how much the drop took out.
Those who must have saw how high the price was when it was rising last 2017 got enticed to invest even without knowing exactly what bitcoin was. Apparently, those who are just new and has experienced this rise are now very disappointed because of where the price is right now. They feel like they’ve lost their investment and are now probably exiting already. They just saw this as an investment opportunity and now that its price is dropping, they think that it is already dying. Even though I was also suprised how far the drop is going, looking at the price chart you can still see that bitcoin was very different as compared to before or the past year.
February 07, 2018, 07:13:52 AM
"Bitcoin is down, crypto is down, everything is down, this is the end, crypto and bitcoin are dead."
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
It quite annoying to read those subject here in the forum those people spreading fear among those people who is already in a panic mode. I think your explanation is very logical. Crypto still has good future and after this crash it will bounce back again in great number.
February 07, 2018, 06:07:42 AM
Being possitive in all this news is really what the community should think. Unlike the newcomers that did not understand what crypto currency was where really making a fuss out of it because they buy at peak of the bitcoin rally that results to dump.
For new comers, always keep in mind the buy low sell high quotes of most traders in the crypto currency if you really want to make a profit.
For new comers, always keep in mind the buy low sell high quotes of most traders in the crypto currency if you really want to make a profit.
Lol. A lot got in during btc rise and probably a lot of those people already sold off their btcs in panic and would not deal in crypto again for a while
experience is really essential when it comes to trading because that buy low sell high principle isn't as easy as it sounds. February 07, 2018, 05:40:10 AM
Well, I don't have any mercy for "investors" who bought bitcoins in december at top price and sold them in these days with huge loss.
If you are a real trader, you know perfectly how to profit of any situation, as it doesn't matter if the price rises or falls.
(btw, the volatility of these days, where price jumps up and down by 15/20% is the heaven for scalpers.)
If your only strategy is "I buy some bitcoin and I hope they will grow forever..." of course you'll be punished.
And if - as a lot of people did in december - you borrowed money to buy bitcoin and now you went bankrupt...
well, it's called "natural selection" :-)
If you are a real trader, you know perfectly how to profit of any situation, as it doesn't matter if the price rises or falls.
(btw, the volatility of these days, where price jumps up and down by 15/20% is the heaven for scalpers.)
If your only strategy is "I buy some bitcoin and I hope they will grow forever..." of course you'll be punished.
And if - as a lot of people did in december - you borrowed money to buy bitcoin and now you went bankrupt...
well, it's called "natural selection" :-)
February 07, 2018, 05:28:55 AM
Their hopes of becoming rich here in bitcoin is what is considered dead, in reality when bitcoin reached the 10,000 USD marked everybody expects it to become higher and higher than they forgotten that the demand of bitcoin is never going to be always going their way because we are in a trading industry there's always going to be bad times after the good part in order to balance the rotation of the market.
February 07, 2018, 05:00:44 AM
Being possitive in all this news is really what the community should think. Unlike the newcomers that did not understand what crypto currency was where really making a fuss out of it because they buy at peak of the bitcoin rally that results to dump.
For new comers, always keep in mind the buy low sell high quotes of most traders in the crypto currency if you really want to make a profit.
For new comers, always keep in mind the buy low sell high quotes of most traders in the crypto currency if you really want to make a profit.
February 07, 2018, 04:26:09 AM
"Bitcoin is down, crypto is down, everything is down, this is the end, crypto and bitcoin are dead."
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
Totally agree! People are drunk on the thought of easy (well, relatively easy) earnings. Guys, be sober! Crypto is not a panacea, it's a risky and unpredictable market. Be ready for "easy come easy go".
February 06, 2018, 01:16:52 PM
You are right, we are just expecting much that we can be a millionaire in just a couple of days or months, it is not that easy to become millionaire unless you have a million dollar that you can invest here since it is easy for you to earn that amount too. In other words, let us not expect more than the reality, based only on the reality how much it can give and don't be too greedy about money.
February 06, 2018, 01:04:53 PM
In fact that's why I think corrections are sometimes a great thing for cryptocurrencies. Greed people leave the market faster, once they realize the easy rich system is in fact not that easy. Believers will stay here and this is these people who truely support cryptocurrencies and help these to progress.
February 06, 2018, 10:51:03 AM
"Bitcoin is down, crypto is down, everything is down, this is the end, crypto and bitcoin are dead."
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
It is true, BTC couldn't be increasing all the time, otherwise it would mean, that it's just a bubble and now its time is up. But such situations, we've been through at least 2 times already only show the potential of this cryptocurrency, because it always recovers and it will rise again. And this crash now is the opportunity for investors too. How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
February 06, 2018, 10:21:23 AM
It just shows how little of the population truly understands bitcoin and its economy. The 20k peak probably attracted lots of people who dont really know what they're doing and are just in it for the quick buck. They're obviously most susceptible to fuds. The reality of the situation is a sudden growth is never sustainable. Every time it would happened there will be a correction. Enjoy it while it lasts but dont panic when it ends.
February 06, 2018, 10:09:47 AM
the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
Excellent way of putting it. Take note though, that the people declaring that crypto is dying are the same people who panic at $1k drops. Bitcoin has been declared dead far too many times since the end of last year ever since its growth stopped, when we were in clogged network apocalypse. Yet, pretty much everything is still in a much better place than they were a year ago.
What creates these expectations is the mentality of crypto being a get rich quick scheme, which it really isn't. It's increasingly looking like a bear market is upon us, and one advantage that could bring is to drive out the people who only want to make a quick buck.
February 06, 2018, 09:54:45 AM
"Bitcoin is down, crypto is down, everything is down, this is the end, crypto and bitcoin are dead."
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
There could be a spike of price but it is not until forever, there should be correction and it already happen. Rather than taking the panic on the dropping price of each cryptocurrency, we should be calm and find ways or strategy not to get affected too much on this drop. Yes i agree with what you said since there the increase in price is not forever but it could not kill cryptocurrency.
February 06, 2018, 09:49:06 AM
Excellent reflection. Really many people have lost the sanity and logic with all is revolution and what is worse they are carried away by the comments and have tried to get rid of their bitcoin just because "is going down" when really what they should do is wait. As you say, it is greed that causes this.
February 05, 2018, 10:37:48 PM
so Fomo is just an illusion of easy seemless riches, this is great statement for Current situation
February 05, 2018, 10:30:35 PM
the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
Very well said.
This illusion was partly fueled by the prospect of everyone becoming a Venture Capitalist now that they could invest in ICOs. I think a lot of these people who bought at >10K bought to get onto the ICO train. ICOs giving back 5x returns was almost a constant in telegram, discord and Slack groups over the last few months.
They did this by simply investing in whatever sounded the best without going into the details of the project, team or technology behind it. Those who bought BTC just for the sake of BTC would have done their research and would have come across the golden rule of crypto.
If they didn't bother, then I am tired of parting with my sympathy for these people.
I bought in at the 6K levels and now am back to almost my original investment after those 12X gains on blockfolio. I frankly don't care because I am so much better informed and starting to get the feel of the technology and politics behind it.
Its exciting to be a part of.
I hope these people learn their lessons and we get rid of the people who thought the goose would keep laying golden eggs indefinitely. Next time, Do your own research and stop taking the shortcut of believing Youtube shills.
The first reason why bitcoin has risen so fast is that it is important to know that his people are very few and fast.
No matter how you drop your money, it is recommended that you hold it for a long time. Don't worry about it, it is a fall, and the investment in digital currency is different from investing in stocks.
No matter how you drop your money, it is recommended that you hold it for a long time. Don't worry about it, it is a fall, and the investment in digital currency is different from investing in stocks.
You'e right. too many wise guys who have very little experience with investments and think they're going to "crack the code" of the market, day trade it, and get rich quick. Easy money! The reality is, reading the market is like reading tea leaves. It's mostly nonsense. So you're right, invest a little bit here and there when you can, hold for awhile, and wait for the day traders to come back. There's no shortage of them, and we'll see another boom in a year or two. Maybe $50k USD by 2020? Seems crazy, but I think it's possible.
"Bitcoin is down, crypto is down, everything is down, this is the end, crypto and bitcoin are dead."
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
If you zoom out then you will realize how bitcoin increase in the past years and even just last year if you invested in the earlier months then you would be in profit. There are many people though who only joined crypto recently because of the hype and bought above $10,000 so most likely they are at a loss if they decide to hold it for a long time and did not trade to add more coins to their portfolio. They are in panic mode now because some even borrowed money just to invest in crypto and now they are having problems because their portfolio is down maybe 50% and the bill is right there waiting to be paid.
FUD after FUD and we are back to where we are few months ago. This is why "invest what you can afford to lose" is there to remind every one that if you can't bear to lose it then don't put it in a high risk investment like crypto. All markets has a cycle and we are in a bearish period now so you should always have a back plan in case your plan in crypto didn't work out as what you anticipated. Multiple source of income is the key.
The first reason why bitcoin has risen so fast is that it is important to know that his people are very few and fast.
No matter how you drop your money, it is recommended that you hold it for a long time. Don't worry about it, it is a fall, and the investment in digital currency is different from investing in stocks.
No matter how you drop your money, it is recommended that you hold it for a long time. Don't worry about it, it is a fall, and the investment in digital currency is different from investing in stocks.
"Bitcoin is down, crypto is down, everything is down, this is the end, crypto and bitcoin are dead."
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
I haven't seen anything about the "death" of crypto as it were, it's often more related to the bubble bursting and the general collapse of everything. But that doesn't really matter as much since it should have been (mostly) obvious that it was bound to happen sooner or later.How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
The only thing I am happy about is all the people who were driving the costs of GPUs up for the rest of the commercial market in the belief that they were going to make money forever. The more of them that stop buying the cards the better because the prices are insane now.
The problem is that those who invest in crypto have never ever invested in anything else in their life.
We see this fear and greed very often in trading schools among newbies
We see this fear and greed very often in trading schools among newbies
3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
I have seem this statement on the internet. Expert Crypto investors are telling this and that we shouldn't think on short term when investing in Crypto-Currency, but on long one. One of those experts I have seen, told Bitcoin will hit $1.000.000 by 2020. Thinking this way is much more comforting and the most important, it makes sense... So let's see the situation by a positive point of view: It's a good opportunity to buy cheap coins now, and not only Bitcoin, as the whole Crypto market is falling at this moment.
"Bitcoin is down, crypto is down, everything is down, this is the end, crypto and bitcoin are dead."
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
I agree with what you've said here. I've read the statement far too many times, and I'm definitely questioning whether or not people were here just for the quick profits or to actually discuss bitcoin, blockchain, and altcoins overall. Of course, I understand that many people saw bitcoin as a way to get rich quickly. However, I just feel that it doesn't make sense that people saw this and instantly jumped into the coin without even learning anything about it. That's pretty much sheer stupidity.
Also, people don't even want to take a look at the growth over time. You mentioned it, and it was definitely a huge amount over the past years. While I was surprised by when the drop came, I'm not surprised by how much the drop took out.
As ever, when in doubt HODL.
"Bitcoin is down, crypto is down, everything is down, this is the end, crypto and bitcoin are dead."
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
How often have you read the above in the last weeks? Let's look at some things in a bit more context here to really understand things. 3 months ago, bitcoin price was around exactly the price we're at today. A year ago it was at about 1k, that's a 600% increase since then. All this crash/correction has shown is that nothing can rise indefinitely and at an ever increasing pace.
Take a step back people and think about things logically, nothing else in the world would offer the same ROI that crypto has for the last year, do not let your greed blind you, the illusion that you could invest and the price would continue to rise without any resistance is dead but crypto is not.
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