This drama is ridiculous... | Bitcointalksearch.org

spndr7

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Quote from: ArticMine on September 05, 2015, 08:28:50 PM

It does not help that Bitcoin is limited by protocol to close to 2 transactions per second, by the 1 MB blocksize limit. So it does not matter how many banks decide to accept Bitcoin, Bitcoin simply cannot grow.

Things will change on 11 Jan 2016 - forking with either BIP 100 or BIP 101 . Most likely BIP 101 is likely to emerge winner in the consensus poll.

ArticMine

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Monero Core Team

Quote from: luciann on September 02, 2015, 07:38:03 PM

Quote from: Monopoly on September 02, 2015, 07:27:50 AM

Best action at this time is selling coins and waiting for good news ...............

Good news like the barclays one?

I monitor reddit but even those news doesnt seem to affect price.. I thought it was a huge thing.

Since a bank finally recognized bitcoin to a accepted payment towards at a bank. I guess not big enough..?

http://arstechnica.co.uk/business/2015/09/barclays-to-become-the-first-major-bank-to-accept-bitcoin/

It does not help that Bitcoin is limited by protocol to close to 2 transactions per second, by the 1 MB blocksize limit. So it does not matter how many banks decide to accept Bitcoin, Bitcoin simply cannot grow.

luciann

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Quote from: Monopoly on September 02, 2015, 07:27:50 AM

Best action at this time is selling coins and waiting for good news ...............

Good news like the barclays one?

I monitor reddit but even those news doesnt seem to affect price.. I thought it was a huge thing.

Since a bank finally recognized bitcoin to a accepted payment towards at a bank. I guess not big enough..?

http://arstechnica.co.uk/business/2015/09/barclays-to-become-the-first-major-bank-to-accept-bitcoin/

Nagle

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Quote from: Mr Moustache on September 01, 2015, 03:07:05 AM

I think collectable Cabbage Patch Dolls are a bit different to a decentralized currency. Bitcoin will very likely go up and down for quite some time but I think it has a long life ahead of it and the potential for big gains is still huge.

The Cabbage Patch Dolls operation is still in business. They operate "Babyland General Hospital", where the babies come from. There are tours, fake nurses and doctors, and lots of baby stuff. Cabbage Patch Kids has been running since 1978, decades longer than Bitcoin.

It's a lot like Bitcoin. You have to believe.

Monopoly

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Best action at this time is selling coins and waiting for good news ...............

g-unit

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Quote from: malzahar on September 01, 2015, 07:03:35 PM

Quote from: tommorisonwebdesign on September 01, 2015, 06:09:12 PM

Quote from: randy8777 on September 01, 2015, 05:02:04 PM

Quote from: mordekaiser on September 01, 2015, 12:30:18 PM

Quote from: Monopoly on September 01, 2015, 04:14:05 AM

Quote from: richardsNY on September 01, 2015, 03:14:58 AM

Quote from: crazywack on August 31, 2015, 10:18:33 PM

I don't think you will see many seasoned vets complaining. Most of them are making money shorting BTC. They also know these swings happen. Its the new guys/gals who are not use to the market that complain.

Price swings are profit making opportunities for traders that know what to do. Great fun for traders but not so much for people who just bought coins.

Trade is gambling ........... all small trader will loss in long term ... like dice game that house edge never allow you be a winner a long term .......

Because of this %10 of traders are winner in the end .... These traders have so Money ,,,,, like million of dollars not like you or me with thousands of dollar........

this reminds me of 90% of fiat day traders are in the same boat.

Just cause its in a different form lol. Most people think they can make a good ton of money by "predicating" price.

whales make huge profits with their manipulation, they know much better what will happen because they are the market movers. small traders can only make a guess about the right time to buy in and when to sell.

That is so true especially in the stock market. Most people buying in have no idea about the economy they are investing in and whine about how they are losing money with bitcoin. People need to know what they are doing before they try making a living trading Bitcoin.

so whats the best thing to do as a small timer?

just buy in when we see another $50 decrease? I think i`ll just focus on making more fiat if theres not much choice since its based on whales.

I would buy a small amount every week or X amount of time. That's what I do. And sure, if the price flash crashes, then I'll buy a handful.

malzahar

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Quote from: tommorisonwebdesign on September 01, 2015, 06:09:12 PM

Quote from: randy8777 on September 01, 2015, 05:02:04 PM

Quote from: mordekaiser on September 01, 2015, 12:30:18 PM

Quote from: Monopoly on September 01, 2015, 04:14:05 AM

Quote from: richardsNY on September 01, 2015, 03:14:58 AM

Quote from: crazywack on August 31, 2015, 10:18:33 PM

I don't think you will see many seasoned vets complaining. Most of them are making money shorting BTC. They also know these swings happen. Its the new guys/gals who are not use to the market that complain.

Price swings are profit making opportunities for traders that know what to do. Great fun for traders but not so much for people who just bought coins.

Trade is gambling ........... all small trader will loss in long term ... like dice game that house edge never allow you be a winner a long term .......

Because of this %10 of traders are winner in the end .... These traders have so Money ,,,,, like million of dollars not like you or me with thousands of dollar........

this reminds me of 90% of fiat day traders are in the same boat.

Just cause its in a different form lol. Most people think they can make a good ton of money by "predicating" price.

whales make huge profits with their manipulation, they know much better what will happen because they are the market movers. small traders can only make a guess about the right time to buy in and when to sell.

That is so true especially in the stock market. Most people buying in have no idea about the economy they are investing in and whine about how they are losing money with bitcoin. People need to know what they are doing before they try making a living trading Bitcoin.

so whats the best thing to do as a small timer?

just buy in when we see another $50 decrease? I think i`ll just focus on making more fiat if theres not much choice since its based on whales.

tommorisonwebdesign

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Activity: 448

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Quote from: randy8777 on September 01, 2015, 05:02:04 PM

Quote from: mordekaiser on September 01, 2015, 12:30:18 PM

Quote from: Monopoly on September 01, 2015, 04:14:05 AM

Quote from: richardsNY on September 01, 2015, 03:14:58 AM

Quote from: crazywack on August 31, 2015, 10:18:33 PM

I don't think you will see many seasoned vets complaining. Most of them are making money shorting BTC. They also know these swings happen. Its the new guys/gals who are not use to the market that complain.

Price swings are profit making opportunities for traders that know what to do. Great fun for traders but not so much for people who just bought coins.

Trade is gambling ........... all small trader will loss in long term ... like dice game that house edge never allow you be a winner a long term .......

Because of this %10 of traders are winner in the end .... These traders have so Money ,,,,, like million of dollars not like you or me with thousands of dollar........

this reminds me of 90% of fiat day traders are in the same boat.

Just cause its in a different form lol. Most people think they can make a good ton of money by "predicating" price.

whales make huge profits with their manipulation, they know much better what will happen because they are the market movers. small traders can only make a guess about the right time to buy in and when to sell.

That is so true especially in the stock market. Most people buying in have no idea about the economy they are investing in and whine about how they are losing money with bitcoin. People need to know what they are doing before they try making a living trading Bitcoin.

goosoodude

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The reason people are debating recent event is not because they believe bitcoin will fail in the long run, but because the price is probable to get a bit lower
before rising in meet with the halving that's happening next year. So why not wait a bit more with buy orders, or sell some of the stash and profit on the dip that's
coming our way, and they just rebuy lower and wait for the halving to do it's part. ~~People~~ Traders are not dumb, or pu**ys, they just exploit what was given to make profit.

randy8777

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Quote from: mordekaiser on September 01, 2015, 12:30:18 PM

Quote from: Monopoly on September 01, 2015, 04:14:05 AM

Quote from: richardsNY on September 01, 2015, 03:14:58 AM

Quote from: crazywack on August 31, 2015, 10:18:33 PM

I don't think you will see many seasoned vets complaining. Most of them are making money shorting BTC. They also know these swings happen. Its the new guys/gals who are not use to the market that complain.

Price swings are profit making opportunities for traders that know what to do. Great fun for traders but not so much for people who just bought coins.

Trade is gambling ........... all small trader will loss in long term ... like dice game that house edge never allow you be a winner a long term .......

Because of this %10 of traders are winner in the end .... These traders have so Money ,,,,, like million of dollars not like you or me with thousands of dollar........

this reminds me of 90% of fiat day traders are in the same boat.

Just cause its in a different form lol. Most people think they can make a good ton of money by "predicating" price.

whales make huge profits with their manipulation, they know much better what will happen because they are the market movers. small traders can only make a guess about the right time to buy in and when to sell.

mordekaiser

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Quote from: Monopoly on September 01, 2015, 04:14:05 AM

Quote from: richardsNY on September 01, 2015, 03:14:58 AM

Quote from: crazywack on August 31, 2015, 10:18:33 PM

I don't think you will see many seasoned vets complaining. Most of them are making money shorting BTC. They also know these swings happen. Its the new guys/gals who are not use to the market that complain.

Price swings are profit making opportunities for traders that know what to do. Great fun for traders but not so much for people who just bought coins.

Trade is gambling ........... all small trader will loss in long term ... like dice game that house edge never allow you be a winner a long term .......

Because of this %10 of traders are winner in the end .... These traders have so Money ,,,,, like million of dollars not like you or me with thousands of dollar........

this reminds me of 90% of fiat day traders are in the same boat.

Just cause its in a different form lol. Most people think they can make a good ton of money by "predicating" price.

BTChaintrader

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Quote from: Monopoly on September 01, 2015, 04:14:05 AM

Trade is gambling ........... all small trader will loss in long term ... like dice game that house edge never allow you be a winner a long term .......

Because of this %10 of traders are winner in the end .... These traders have so Money ,,,,, like million of dollars not like you or me with thousands of dollar........

That's true for the FX market for example, but not for trading BTC. If you have millions of dollars, there is not enough liquidity in the BTC market, so actually if you are a small trader, BTC is the best financial instrument to trade with.

Monopoly

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Quote from: richardsNY on September 01, 2015, 03:14:58 AM

Quote from: crazywack on August 31, 2015, 10:18:33 PM

I don't think you will see many seasoned vets complaining. Most of them are making money shorting BTC. They also know these swings happen. Its the new guys/gals who are not use to the market that complain.

Price swings are profit making opportunities for traders that know what to do. Great fun for traders but not so much for people who just bought coins.

Trade is gambling ........... all small trader will loss in long term ... like dice game that house edge never allow you be a winner a long term .......

Because of this %10 of traders are winner in the end .... These traders have so Money ,,,,, like million of dollars not like you or me with thousands of dollar........

richardsNY

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Quote from: crazywack on August 31, 2015, 10:18:33 PM

I don't think you will see many seasoned vets complaining. Most of them are making money shorting BTC. They also know these swings happen. Its the new guys/gals who are not use to the market that complain.

Price swings are profit making opportunities for traders that know what to do. Great fun for traders but not so much for people who just bought coins.

Mr Moustache

newbie

Activity: 25

Merit: 0

Quote from: Nagle on September 01, 2015, 01:37:40 AM

Quote from: g-unit on August 27, 2015, 08:58:27 AM

So the price is lower and has been. Who cares? Average down. Keep at it. Hold long-term. Eventually you'll break even and profit.

Ask the people who invested in Cabbage Patch dolls and Franklin Mint collectables how long-term holding worked out.

I think collectable Cabbage Patch Dolls are a bit different to a decentralized currency. Bitcoin will very likely go up and down for quite some time but I think it has a long life ahead of it and the potential for big gains is still huge.

Monopoly

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I really fear of this range price ......... after each range price in long time we saw a crashing storm ..........

Mickeyb

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Move On !!!!!!

Quote from: g-unit on August 27, 2015, 08:58:27 AM

Why are so many being a pu$$y?

So the price is lower and has been. Who cares? Average down. Keep at it. Hold long-term. Eventually you'll break even and profit.

If Bitcoin fails, it will be years away. Too many dark websites still use it. Too many lost coins. Too many big holders.

Some people need to consider using logic instead of emotion. Smh.

This is exactly how I feel. Bitcointalk has turned into a crying and consolation forum ever since the XT debate started and we had a price drop.

Don't worry, these are mostly the people that planned to get rich with Bitcoin over a night. It doesn't go like this in the real world. Time is needed and patience. This is a battle, and will be a long battle full of ups and downs. We need to learn to enjoy a ride and toughen it up and results will come eventually.

Nagle

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Quote from: g-unit on August 27, 2015, 08:58:27 AM

So the price is lower and has been. Who cares? Average down. Keep at it. Hold long-term. Eventually you'll break even and profit.

Ask the people who invested in Cabbage Patch dolls and Franklin Mint collectables how long-term holding worked out.

Amph

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Quote from: zimmah on August 31, 2015, 10:14:04 PM

Quote from: jeffthebaker on August 27, 2015, 09:05:24 AM

A lot of people have this same mindset- "Right now doesn't matter. Bitcoin value only matters down the road". Newsflash, if the price isn't gradually increasing until the fabled "mass adoption", it can never take place. Bitcoin won't spike from 230 to 2300 in one day, and it can't start that movement until the price begins to increase.

you're new here, right?

it's strange because he is from November 2013, the same month where the last ath started and achieved 1200 in few days, his post seems contradictory

it's surely possible for bitcoin to reach 10k from 200, in a months or so, there is no need for a gradual rise, if suddenly many people begin to use bitcoin and the demand increases like crazy this will reflect the price

malzahar

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Quote from: crazywack on August 31, 2015, 10:18:33 PM

I don't think you will see many seasoned vets complaining. Most of them are making money shorting BTC. They also know these swings happen. Its the new guys/gals who are not use to the market that complain.

Most already probably sold off some.

But they know they`ll buy back in again when its cheaper. I for one am not a seasoned vet for trading, but I`ll hold despite the drama.

Topic: This drama is ridiculous... (Read 3629 times)