Topic: Rant: To Bitcoin "investors" (Read 2392 times)

Best thing that can be done for bitcoin is to spend it on stuff.
Buying and selling goods and services makes it worth more in the long run.
I like the fact I can buy flowers for my wife or gold and silver.  Computer parts are great buys as is so much more.
Hold some for the future and spend some for the now. 

But the market needs these investors who sells at a moment's panic or buys when someone panics; just as much as we need miners to keep churning out coins even though everyone preaches mining is no longer profitable (which isn't when it comes to consumer mining) but people still do it.

Not everyone.

Expecting media and average persons to think deeply about the consequences of things is just going to lead to eternal disappointment.

It's totally plausible that the massive spikes and crashes we see are due to a combination of factors such as:

• Comparatively small volume traded.
• Comparatively small number of actors (people using and trading bitcoin) who are all fairly well-connected (social networking) and react swiftly to any news.
• Large number of services being run by bedroom PHP coders who would in any other time and place struggle to operate a cat picture hosting service, yet find themselves passing 6+ figure fiat amounts through their coffers every month. And then they get pwned.

The fix for all of these things is time and growth. People are not going to just spontaneously change their behaviours just because sage advice says it would be for the best.

spikes and crashes are part of an uncontrolled market. i prefer a market that moves with peoples decisions and emotions, rather then bankers monopolised controls of other markets.

and although i like that the price changes depending on individuals decisions i do wish some of these decisions were atleast informed decisions, based on actual research rather then the meandering misrepresentations of stories told by media.

and this forum along with reddit, seems to post links to coindesk, which in turn ends up in the mainstream media. so if you want volatility to settle down, atleast slap media across the face with a wet fish to research and understand the truth before 'print'. as that is a more simple task then trying to ask people not to base their disposable funds/livelihood/life savings on emotion.

Hold, HODL, whats a difference

Both are about Holding

No more Bitcoin investitors, mining companies so far have been the main investors, and now is the end.

We have general problem with bitcoin price,
Bitstamp is resolve problems with withdraw, but the price continues to fall !

https://www.bitstamp.net/article/Bitcoin-withdrawals-are-once-again-fully-automated/

Why ?

But weak hands make everything "fun and exciting."

Sure price volatility is annoying, but at the same time, it breathes life into a market. The thing is that every financial instrument runs on some sort of volatility. The way I see it, this volatility actually adds value to Bitcoins.

There is actually a decent little video to explain to the man on the street why this type of volatility is not only normal but predictable http://www.youtube.com/watch?v=qHUPPYzzZrI

This is why I haven't touched my wallets this week.

Ahem...

It's HODL.

Every noob needs to experience at least one growth and crash cycle before they can develop the balls to hold BTC.

no! thank you for selling "noobs"  !

Its depends how strong soldier you are

Welcome to a free market.  If YOU can't handle it, I think YOU need to GTFO.

If a trader causes the price to fluctuate more wildly than it otherwise would, that trader is experiencing a loss.  So if you're mad at him, I guess you can take comfort in the fact that he knows he screwed up and it cost him money.

Sold while the price is falling?  He loses.

Bought while the price was rising?  He loses.  

I don't buy or sell more than once a month.  Well, okay, I bought twice in the last couple of days because the price has been STUPIDLY low with this mt.Gox scare.  But keep in mind that my buys supported the price when it is temporarily too low, and my sells if I time them right don't remove support unless the price is too high.  Because I like profits, I don't sell into lows making the lows worse, nor do I buy into highs making them higher.  

It is the weak-willed, socially-minded emotional holders who move with the herd (you have quite correctly called them "weak hands") that cause giant price fluctuations.  But those are not investors, they are merely speculators.

The investors who actually make money trading have thick skin, are uninfluenced by the crowd to the point of being almost antisocial, and make faint clanging noises when they walk.  When the headlines are trumpeting short term doom they're evaluating the page-20 story about infrastructure and legal frameworks to get a longer-term outlook instead of being distracted by being part of the "group mind" consuming the sensational.  They buy into crashes and sell at highs, contributing stability to the price.

I think it's worth pointing out that a lot of the people that cry that the sky is falling every time that there is volatility, are most likely the ones with very small bitcoin holdings any way.

For instance, you can typically tell on these forums who are the heavyweights, and who are the flyweights, just by the manner in which they speak in their posts.

please, spare us. you're butt hurt over the fact that bitcoin, which is essentially a commodity for speculation, is being traded by individuals who have their own self interests in mind and are trying to make money. yes people like to make money and avoid losing it, this is a fact. and the whole appeal of bitcoin right now is the potential income on price swings, gambling, the community, and... you can even spend it in a few places. somehow you got the idea that the one and only true calling for bitcoin is a global currency. Maybe it's time to reassess that position. Maybe it's you who doesn't understand the true nature of bitcoin, not these so called "weak hands" that you speak of.

You need to chill out, my friend. Many of these "weak hands" are people shorting bitcoin for profit. Not everyone wins of course, but it's all part of the game. These are the same people generating interest in bitcoin, so I really don't think you want them to leave. If the traders were to drop out of the market, we'd see our coins drop to almost nothing, since that's essentially what is drawing people into the community.

These newbs don't care. They just want quick money and panic when their coins start to devalue.

I put actual skin in the game some years ago.  Everyone's situation, motivations, philosophies, etc are different.  There is no one-size-fits-all, and it is not universally good or bad if the valuations are volatile or not.

Here's an idea.  How about if you piss off and mind your own business (literally.)