Topic: This is why I am so frustrated with bitcoin - page 8. (Read 9239 times)

Bitcoin is the brand that everyone knows, it is the first coin most people buy when they first invest.  Just give it time and more money will flow over to altcoins once they do more research.

You have only two options left for you now (1) exit with loss and don't return to crypto (2) wait for a better time with patience.

I do agree with what harizen said, a nice one

The problem I am having with bitcoin is its wrecking me both ways, up and down.  How do I recover from this? How do the 2000+ altcoins and millions of investors recover from this disaster caused purely by bitcoin

So basically, this thread is not about concerns on technical aspects or related thing to that about crypto but a certain trader here is currently wrecked up and blames all his losses to the volatile world of crypto.

How long do you trade now? Just pure win before so not used on having a loss? Still no adjustments after every loss?

You are the one who has to adjust on how to deal with the market's behavior rather than the "market will adjust for your own sake". Build experienced and analyze what's wrong on your strategy on the way. Trading is not as easy as 1,2,3 and you must not expect that every wind should go on your desired direction.

Don't be upset! Alts will have a better time in the future soon. The Market always turns back..

Do you know what market cycle is? Please learn about it and it may give you some relief. To get more relief, read this news article but don't rely on it.

Imo, the current alt market is perfect for accumulation. If I had some more spare BTCs then I'd have bought some more alts.

and the last thing I'd like to say, be patience - don't forget you are a crypto investor. Good Luck!

Good enough to have huge quantity of money to be entrusted to bitcoin, and I think frustrations was just a mere emotional struggles. That didn't justify the means when pumping value could have been initiated so far. Do some alternative investments to gain passive profit, and altcoins can be a better options while it's not yet having bullish trend on marketplace.

Today is an exact example of what I am talking about, bitcoin dumps and the altcoin I am holding HST decision token, dumps too. Double dump, thanks to the massive rise and fall of bitcoin HST decision token is now affected both ways from bitcoin.

Theory 1) 
"if bitcoin goes up extremely quickly - HST decision token dumps"
Theory 2)
"if bitcoin goes down extremely quickly - HST decision token dumps"

Either way I am screwed!

If you really want to make full benefit of the crptocurrency investment, it's better you put 70% on bitcoin, you can always share the rest to projects with good use case and not just any altcoin.

Dear friend ,everything that is happening now with bitcoin and altcoins is just the first steps to the top of independence from Fiat money ,and rebuilding them by tying them to the person in the world.So bitcoin will not last long (by the way, he already lives only thanks to a dozen large informal exchanges).The pain will go away it's just money .

the risk level in altcoins including ethereum is always higher than bitcoin.putting all your egg in one basket is also another risk, so you never educate yourself as trader enough, because bitcoin is enjoying the ride now does not mean yours wont rise later except its shittier than all other altcoins

First and foremost, before ever putting a penny into Bitcoin or any other cryptocurrency, you should set aside some time to research and understand what the technology is, what value it provides its users and society at large, and what makes it so special relative to the systems and solutions that came before it. This usually takes at least one read-through of Satoshi's whitepaper and a fair amount of supplemental Googling.

It can be tempting to skip this step and try to start buying different cryptocurrencies in the hopes of getting-rich-quick, but at that point you're essentially just blindly gambling and hoping that you get lucky. It's definitely possible to get lucky (and plenty of people have made a lot of money doing so), but it's not a realistic long-term strategy for building wealth.

Once you're sure you understand the core innovation(s) underpinning Bitcoin, and you feel like you can articulate the value proposition in your own words, you are ready to consider an actual financial investment in the space. At this point, you're also prepared to start evaluating other cryptocurrencies and their distinct value propositions, but it's worth remembering that many (perhaps even most) of the projects you encounter are focused on impressing newcomers and marketing themselves effectively, rather than distinguishing themselves via true technological innovation. There are, of course, exceptions to this rule... but you have to do your own research, patiently and calmly evaluate both sides of any given argument, and make a sincere effort not to get caught up in FOMO. Rushing into significant financial decisions is never a good idea; you have to be careful and think critically.

In this case, do you feel confident that you can explain the value proposition of "HST decision token" thoroughly, and have you spent more than a few days researching the subject and critically evaluating whether it can truly compete with Bitcoin as an investment? Have you laid out the different time horizons that matter to you, and are you able to justify their respective relevance? Have you determined what your price targets are, and come up with a stop-loss strategy? Have you discussed the decision with anyone else (whether it is with professional financial advisors, technological experts who are totally unaffiliated with the project, or friends and family members whose opinions you respect) and if so, have you taken their input into account? Have you done your best to set aside your emotions before acquiring a stake in the project? Are you comfortable with your investment portfolio (and savings) outside of cryptocurrencies? These are all important factors that you should be considering thoughtfully before sinking any serious sum of money into this sector, and if you haven't done this sort of thing, it's probably a good idea to take a step back and figure out your long-term game plan(s) before making any more decisions or moves.

think the alt coins will lose even more before they start gaining again, btc is to hot right now i understand why people are selling of alts to buy more btc, its a no brainer pretty much.

You cannot force wealthy investors to invest in what doesn't interest them or what they think is risky for their investments.
You should rather stop investing in coins that have nothing to offer.
I am certain if you thoroughly research the coins you are holding you will likely abandon most of them. Most are pure clones of Bitcoin and some other cryptocurrencies. They have nothing that is original and is viable.

Great projects don't beg for funding by the way

Just be concerned about what happened to you about the loss experienced, but it is also not fair to determine someone to do what you think is very important. because as those who have capital, it is clear that no one wants to suffer losses, because he feels that bitcoin is indeed very profitable, so if they invest in bitcoin, nobody can ban it. now we just have to act wisely to see a good altcoin for us to hold and benefit.

There are 2,000 in coinmarketcap and around 20,000 that either never made it or were delisted. If you think you have good odds when you gamble like that the fault is only yours.

You gambled and lost. You don't actually invest in cryptocurrencies but gamble that the team that printed 1billion coins won't dump them on your face.

If you decide to be an investor in altcoin, you need to know what is the risk and you need to consider to accept anything that might happen later. You cannot blame anybody for any situation that you will get in the future because that is your decision to be the investor. If you are feeling pain because you are getting lost for holding the altcoin, then you need to know that is not happening to you, but the other people have the same experience.

People decide to invest in altcoin and bitcoin after they research what the advantage and the disadvantage of investing one of them or both. Besides that, as the leader of the cryptocurrency, bitcoin will increase, and you should know that before you decide to be the investor, so you know what is good for you. So if you get lost from HST token or the other coins or tokens, then I think you need to check why you choose and invest in those coins. If you believe that the coin or token can increase in the future, then you need to accept the consequences of what you choose.

So now, I suggest you stay calm, take a break for a while from the cryptocurrency market, don't open the market if you still feel sad because that will give another sadness to you. Do another activity while you can save your coins/tokens in a separate wallet. Don't think about the cryptocurrency market for a while and enjoy your time and refresh your mind.

l find your opinion very interesting, l think there is no problem with BTC. There is problem with your, during reading your post l was laughing because all of them depends on you. you want only to win but don't lost when you decide invest or something like it, you must be patient.

Don't worry about it, let them dump and loss their trust on altcoins.
Bitcoin mooning is a good sign that altcoins will soon follow, if we complain hard, that's is a problem on us because we are not really a real holder.

The situation has change, the market has been in long bearish period and therefore let's allow bitcoin to recover first as its the one leading the market but always remember it's called crypto currency because it's not only bitcoin but it compose with a lot of coins.

Man, I know how it feels as you are not the one holding altcoins, but I express my frustration last year already, so I will not worry now, all I have in mind is just to believe and continue holding.

Let's revisit this in a few months. Bubbles are psychology. That never changes. The psychology of alts will never change either. Enough people will always believe they're 'cheaper' when temps are high.

No doubt a ton will never return to previous valuations but some will far exceed them no matter how much of an empty piss take they are.

If you really think seriously about this then why you use fiat? The worst forecasts say that bitcoin is using up to 1% of the world's total electricity production, and the latest research shows that more than 70% comes from renewable energy sources. Where you see environmental impact in this data?

What real research shows is that bitcoin is using 0.13% (posted in article) or maybe 0.2% of the world's total electricity production.

How much energy is spent on fiat production, banks, ATMs, transport of money? And you think fiat is have less impact on the environment then bitcoin mining?