Too Many Gloom & Doomers! | Bitcointalksearch.org

naidray

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Quote from: Anti-Cen on December 31, 2017, 10:08:46 AM

Fees have killed it and unless the developers deal the the mining monopoly then
the "Gloom & Doomers" are well founded and now could well be a good time
to place a stop-loss unless you like walking home instead of taking a taxi

Too many gambling addicts here if you ask me

The fees are really terrible and the long time you will have to wait to even get the transactions confirmed even with the huge fees is even becoming infuriating but I am sure that this is something that may pass soon on the introduction of the LN as long as nothing hinders it again and I really do not know why it is taking a long time though to get this implemented if so far seems like the best solution we have.

Honestly, it is really funny how some of the investors think and trust me mate, they will keep coming and as long as we keep seeing those who see bitcoin as an asset that would just keep rising without falling, we will keep having these fraction of people who will always panic and be ready to utter any rubbish that comes out of their mouth.

The_Dark_Knight

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Quote from: Pursuer on December 31, 2017, 09:58:51 AM

believe it or not all of this drama is because bitcoin stopped rising!
most people are expecting bitcoin to be rising constantly without even having a correction, let alone some bigger drop and some downtime even if it were at a stable price during an accumulation phase.

thanks for sharing this. at least you had some analysis behind what said... I liked the tutorial links too.

True the people complaining are probably people that got in to bitcoin in the last 6 months everyone else that is being in bitcoin longer than that has enough experience to understand that we are just in one of those moments where bitcoin will remain more or less static for some time, those that think we are going to reach new high prices every single day are delusional and we must not listen to them and their cries.

rickadone

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Quote from: HabBear on December 31, 2017, 10:21:34 AM

Quote from: Anti-Cen on December 31, 2017, 10:08:46 AM

Fees have killed it and unless the developers deal the the mining monopoly then
the "Gloom & Doomers" are well founded and now could well be a good time
to place a stop-loss unless you like walking home instead of taking a taxi

Too many gambling addicts here if you ask me

Haha, welcome to the party.

A stop loss would have been appropriate two weeks ago. We've fallen 40% or so off the high...the loss has already passed you!

This isn't new for Bitcoin, we've seen 80% crashes before. Everyone in the media has been expecting "the bubble to pop" and it has now that the price has gone from nearly $20k to $12-13k. So, what's the surprise? Bitcoin will sit at this level while we all wait to see how the Lightning Network implementation pans out.

Of course and those who know this really do not bother about situations like this. It is just more like a situation that arrives once in a while to buy more and if you miss out on such a chance you may never even see it again. Nothing could have warranted the huge increase in value except a bubble with a lot of investors wanting to get rich quick soon, but really I am really looking forward to the effect LN is going to have on the market.

raven7886

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Quote from: davis196 on January 01, 2018, 03:29:48 AM

Quote from: Anti-Cen on December 31, 2017, 10:08:46 AM

Fees have killed it and unless the developers deal the the mining monopoly then
the "Gloom & Doomers" are well founded and now could well be a good time
to place a stop-loss unless you like walking home instead of taking a taxi

Too many gambling addicts here if you ask me

You forget about something.The high fees/low confirmation time might be annoying and seem like a big problem,but they are intended to stop large price bubbles that grow very fast.This proves that Satoshi was a genius.The "mining monopoly" doesn`t matter that much.Miners can`t exist and can`t make money from btc,if there are no buyers and HODLers.

Yes. This is a point that is quite valid and I am sure it has really proven to have helped sanity and some health in the market, which possibly could have turned to a very huge bubble in no time.

Nevertheless, with the LN, I am sure the part of it being a currency where micro transactions can be easily done would make it really impressive and make bitcoin a top notch than we can imagine. However, anyone who is losing it right now just because of some price drop or some corrections, will only have themselves to blame later on.

gabmen

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Its probably because of the pace bitcoin's rise made. Imagine the jump from less than 7k to hitting 20k just the latter part last year. Of course there's bound to be a bug correction. Perhaps these people just want another panic buy season so they can buy cheap themselves

ManaMan

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Quote from: sjefdeklerk on January 05, 2018, 10:15:47 PM

Quote from: TERA2 on January 05, 2018, 09:47:14 PM

I guess I have come to accept that a bitcoin crash is not just going to come by itself without a trigger such as a failing major exchange or another government action.

That's my conclusion too. I did underestimate the power of the "bitcoin will ALWAYS go up" newbies. It was exactly the same in the dotcom crisis though, a lot of people saw it was overpriced but shorting man you'd get killed the next day already. The dotcom bubble did burst without a real trigger, though I remember some of the big IPO's pretty much failed at the top like "world online" in the Netherlands (where I'm from). But I think we indeed need a trigger this time. Then again, one of the other coins passing BTC in marketcap would probably mean the end of BTC too. We'll see, right not it doesn't look bearish at all so I doubt it will happen anytime soon but nobody knows ...

Point is that new people are seeing that price is surging and they are unfamiliar with any type of investment. Most of them are first time investors, this being said when you look how price can change relatively fast you are overwhelmed and think that it ain't true and as a result of that you start questioning yourself and experiencing fear. If it crushes it will crush because of people having FOMO aka fear of missing out, because they start grabbing and grabbing when price start to slips they then go on and sell in loss and after feel regret of doing this. This is the ordinary cycle of bitcoin only if you are in the game for long time like over 6months or so you can see the usual pattern and in my case you stop to question the price at all because what drives this market is human behavior, not their fancy ideas. You see that bitcoin comes and pumps next day it falls and it pumps again then go down then pump etc. it how this has always been.

xPPx

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They're just scared because they've invested too much or haven't studied the technology...

sjefdeklerk

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SODL

Quote from: TERA2 on January 05, 2018, 09:47:14 PM

I guess I have come to accept that a bitcoin crash is not just going to come by itself without a trigger such as a failing major exchange or another government action.

That's my conclusion too. I did underestimate the power of the "bitcoin will ALWAYS go up" newbies. It was exactly the same in the dotcom crisis though, a lot of people saw it was overpriced but shorting man you'd get killed the next day already. The dotcom bubble did burst without a real trigger, though I remember some of the big IPO's pretty much failed at the top like "world online" in the Netherlands (where I'm from). But I think we indeed need a trigger this time. Then again, one of the other coins passing BTC in marketcap would probably mean the end of BTC too. We'll see, right not it doesn't look bearish at all so I doubt it will happen anytime soon but nobody knows ...

TERA2

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Deb Rah Von Doom

I guess I have come to accept that a bitcoin crash is not just going to come by itself without a trigger such as a failing major exchange or another government action.

Drixy

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reading.......

Quote from: tonmoycrypto on December 31, 2017, 08:55:49 AM

I still see people panicking and calling for Bitcoin's crash. I believe the Fractals are still in progress. Both Fractal #1 and #2 display an expanded flat a,b,c correction which is likely complete. There is an alternate count for a lower low where the C wave could reach as low as $10k or so. If this becomes the case, then a Zig Zag of 5,3,5 labeling would be justified. There are still a good number of analysts calling for a doom and gloom scenario..

https://steemit.com/bitcoin/@haejin/bitcoin-btc-evening-update-too-many-gloom-and-doomers

We are now facing this crisis but this is expected. As we know Bitcoin is the King even for this situation this is not enough to put Bitcoin down or make it stable(dead). Let them be if they panicked they their reasons lack of knowledge or in need of money.

hatshepsut93

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Quote from: tonmoycrypto on December 31, 2017, 08:55:49 AM

I still see people panicking and calling for Bitcoin's crash. I believe the Fractals are still in progress. Both Fractal #1 and #2 display an expanded flat a,b,c correction which is likely complete. There is an alternate count for a lower low where the C wave could reach as low as $10k or so. If this becomes the case, then a Zig Zag of 5,3,5 labeling would be justified. There are still a good number of analysts calling for a doom and gloom scenario..

https://steemit.com/bitcoin/@haejin/bitcoin-btc-evening-update-too-many-gloom-and-doomers

One of the major reasons for FUD is paid shills who create multiple accounts or buy farmed/hacked accounts. Some of them are doing it to promote altcoins - they claim that Bitcoin is outdated and will be replaced by new coins like Ripple or Iota. Probably the biggest ongoing shilling campaign is performed for Bcash with a narrative that it's a real Bitcoin.
The natural cause of panic is noobs and just nervous people - they think that every dip is going to be a major crash, they believe that Bitcoin is a bubble waiting to pop and so on.
And as for analysts, a lot of them are very close-minded, they extrapolate their analysis for stocks and reach a conclusion that Bitcoin is a bubble because it has increased in price too fast and too much, while not bothering to learn more about the technology.

buwaytress

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Quote from: olushakes on January 05, 2018, 02:14:12 PM

You are right on point and the moment the increase start happening to bitcoin, all the self acclaimed analyst will change their tune and become angels of fortune who have said they how bitcoin will reach in roof by February and their previous doom predictions wouldn't matter any longer. Bitcoin has come to stay at this time and its expected that ups and down is a norm rather than giving ourselves unnecessary headaches.

Well, people are free to change their minds at any time, really! At its simplest level, (technical) analysis is just based on data that people have in the very short history of Bitcoin. If the data changes, their analyses should too. Of course, this isn't by any means me saying that these analysts are good. Not defending them at all, but defending the right to analyse objectively and the right to change your mind.

On OP: I'm trying to decide if there are more doomers and gloomers but it seems to be that it's pretty even. I can find some space to listen or read all of them, I feel "good" when I take everything in, even if I consider them all as noise that don't impact my decisions. There are some optimists here I find equally hard to stomach.

olushakes

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Quote from: Pursuer on December 31, 2017, 09:58:51 AM

believe it or not all of this drama is because bitcoin stopped rising!
most people are expecting bitcoin to be rising constantly without even having a correction, let alone some bigger drop and some downtime even if it were at a stable price during an accumulation phase.

thanks for sharing this. at least you had some analysis behind what said... I liked the tutorial links too.

You are right on point and the moment the increase start happening to bitcoin, all the self acclaimed analyst will change their tune and become angels of fortune who have said they how bitcoin will reach in roof by February and their previous doom predictions wouldn't matter any longer. Bitcoin has come to stay at this time and its expected that ups and down is a norm rather than giving ourselves unnecessary headaches.

pooya87

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Quote from: TERA2 on January 05, 2018, 12:41:15 AM

Heres my hacked profile:
https://bitcointalksearch.org/user/tera-149230

Youve ignored all of the bullish statements I've made and all of the precise calls I've made and I'm not spamming I'm making rational conversation. And were definitely falling eventually - it has to go within the vicinity of the previous ATH and theres no way it's just staying at this level.

sorry, but that is how i sometimes feel when i see your comments. maybe i am wrong, it certainly wouldn't be the first time... ^.^

TERA2

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Deb Rah Von Doom

Heres my hacked profile:
https://bitcointalksearch.org/user/tera-149230

Youve ignored all of the bullish statements I've made and all of the precise calls I've made and I'm not spamming I'm making rational conversation. And were definitely falling eventually - it has to go within the vicinity of the previous ATH and theres no way it's just staying at this level.

pooya87

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Quote from: TERA2 on January 04, 2018, 07:21:52 PM

What if I think a price decrease is good for bitcoin and is not doom and gloom as long as youre not a leveraged long.

thinking that and sharing your speculation on a forum is not the same as spamming everywhere on the forum saying price will get dumped, that is called spreading FUD. currently you 773 posts with 84 activity and you have been constantly spamming about how bitcoin is going to fall for the past 20 days that price stopped rising!

TERA2

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Deb Rah Von Doom

What if I think a price decrease is good for bitcoin and is not doom and gloom as long as youre not a leveraged long.

btc_angela

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This doomsayers will be part of the market as well. Specially if the price keeps dipping down a little. Some of them really took it seriously to spread alot of false news about bitcoin like the legendary kwukduk. LOL.

But when the price is hitting all-time-high? They are all hiding the rocks and you will not see them for months. So as for the OP, you shouldn't be emotional about those people, others have learn to just laugh at them while others continues to ignore. But there are really a lot of more senior member who will really put up a debate and contradict those doom sayers around. Grin

nl247

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Quote from: TERA2 on January 01, 2018, 08:43:06 PM

5 years of sideways between 5k and 10k

How about 10 years or 20 years of sideways at the price you stated? Anyone who wants to believe stuffs like this are strictly on their own and I believe time will tell at the end of it all. Gloom, doomers or whoever have a place in the community, but really, who cares?

NeuroticFish

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Quote from: richardsNY on January 01, 2018, 07:04:47 PM

Quote from: NeuroticFish on January 01, 2018, 12:59:58 PM

Of course, the latest correction also helps. And as the others said, losing one month of growth (actually less than that) is not the end of the world.

It's completely meaningless. People for once need to understand that if a market can increase a lot in quite a short period of time, that it can also go down quite a lot in a short period of time.

Yes, this is what correction means. And yes, we are still higher than we were in December 1st. And yes, ups and downs are normal for Bitcoin.

Quote from: richardsNY on January 01, 2018, 07:04:47 PM

This market doesn't care about these clowns at all, and never will.

This is the part we don't agree on. FUDers are spawned relentlessly. When Bitcoin is on down trend, although it's just a correction, many newbies will panic sell.
The market is still full of inexperienced wannabe traders that do care of such FUD and don't even check that the posts are made by accounts made minutes ago just for FUD.

Quote from: richardsNY on January 01, 2018, 07:04:47 PM

Look at kwukduck for example, he started with spreading fud even when the price was below $500!!

He's a special case. He's wrong so badly so many times he's fun to read.
Anyway, he cried "wolf" so many times even newbies don't believe him and everybody will ignore him even when/if we will be right.

Topic: Too Many Gloom & Doomers! (Read 442 times)