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Topic: We missed the moon - page 2. (Read 3548 times)

legendary
Activity: 2186
Merit: 1213
January 16, 2015, 07:08:28 AM
#48
With every "crash" we lose more and more weak hands. Its getting better and better.
hero member
Activity: 1022
Merit: 500
January 16, 2015, 07:00:11 AM
#47
I don't think we missed the moon, we barely got off the launchpad.



Year 6 bruh, gots some growing pains first to deal with, before we get to where we need to be.

We wen to a 10 Billions market cap, it's more than launching!
legendary
Activity: 1414
Merit: 1000
January 15, 2015, 11:34:49 AM
#46
Ok bros, it's pretty clear now that we missed the moon. But why?

A considerable fraction of total bitcoins was mined during the early days/months, another was stolen during  an impressive number of various scams and hacks, another was earned by trading manipulation.

All this people, all clever than me, has probably already cashed out a ton of fiat at a better price, and is currently still doing it, they will do it untill people put money in it, because they have a tons of cheap btc, and want to convert to a ton of fiat before collapse.

This bubble was very bad for me: I buyed even at 4 digits, i build a scrypt miner and I was not able to ROI, I was scammed for little amounts. I never sold, beside little bad trades.

I am still glad to be here on this forum, but I have never seen so much scam attempts, here nobody trust nobody (and probably should not) and there's hardly someone who will help you for nothing - and it's a forum!

6 2 billion dollars of purchasing power, and what is the great thing the bitcoin community is currently doing for the world? Scamming each other for penauts. Oh yeah, and gambling.

We missed the moon. Maybe it's time to ask us why.

Why? The answer is always the same one for all the missed moons: Not being at the right spot at the right time buying the right thing.

This. I've learned a lot playing alts and btc, the #1 thing is if you didn't get in early just stay out unless you are really good at chart analysis and don't expect huge gains.
All the shit the op brings up isn't why btc price has crashed from it's peak, although they may have hastened it. Just like altcoins that moon, early adopters gotta cash out.
legendary
Activity: 1358
Merit: 1014
January 15, 2015, 11:24:59 AM
#45
Ok bros, it's pretty clear now that we missed the moon. But why?

A considerable fraction of total bitcoins was mined during the early days/months, another was stolen during  an impressive number of various scams and hacks, another was earned by trading manipulation.

All this people, all clever than me, has probably already cashed out a ton of fiat at a better price, and is currently still doing it, they will do it untill people put money in it, because they have a tons of cheap btc, and want to convert to a ton of fiat before collapse.

This bubble was very bad for me: I buyed even at 4 digits, i build a scrypt miner and I was not able to ROI, I was scammed for little amounts. I never sold, beside little bad trades.

I am still glad to be here on this forum, but I have never seen so much scam attempts, here nobody trust nobody (and probably should not) and there's hardly someone who will help you for nothing - and it's a forum!

6 2 billion dollars of purchasing power, and what is the great thing the bitcoin community is currently doing for the world? Scamming each other for penauts. Oh yeah, and gambling.

We missed the moon. Maybe it's time to ask us why.

Why? The answer is always the same one for all the missed moons: Not being at the right spot at the right time buying the right thing.
hero member
Activity: 1372
Merit: 783
better everyday ♥
January 15, 2015, 11:09:18 AM
#44
I don't think we missed the moon, we barely got off the launchpad.



Year 6 bruh, gots some growing pains first to deal with, before we get to where we need to be.
full member
Activity: 140
Merit: 100
January 15, 2015, 10:29:21 AM
#43
The first step to freeing Bitcoin from scammers is to get rid of your paid sig. How much is your dignity worth?
legendary
Activity: 1694
Merit: 1207
January 15, 2015, 09:44:34 AM
#42
Ok bros, it's pretty clear now that we missed the moon. But why?

A considerable fraction of total bitcoins was mined during the early days/months, another was stolen during  an impressive number of various scams and hacks, another was earned by trading manipulation.

All this people, all clever than me, has probably already cashed out a ton of fiat at a better price, and is currently still doing it, they will do it untill people put money in it, because they have a tons of cheap btc, and want to convert to a ton of fiat before collapse.

This bubble was very bad for me: I buyed even at 4 digits, i build a scrypt miner and I was not able to ROI, I was scammed for little amounts. I never sold, beside little bad trades.

I am still glad to be here on this forum, but I have never seen so much scam attempts, here nobody trust nobody (and probably should not) and there's hardly someone who will help you for nothing - and it's a forum!

6 2 billion dollars of purchasing power, and what is the great thing the bitcoin community is currently doing for the world? Scamming each other for penauts. Oh yeah, and gambling.

We missed the moon. Maybe it's time to ask us why.

We didn't miss the moon for ever but you bring up interesting points about what has been the Bitcoin history : hacks, bad management, gambling. A lot has been achieved and a 2 Billions market cap can be a stepping stone for higher accomplishments.

The financial landscape will change drastically soon and Bitcoin will likely profit from it.

We were so fuckin' near... as somebody asked, I will state what is the moon for me: wide adoption, and things starting to be denominated in bitcoin.

The world was watching us when btc bubbled, and what did they see? Scammers. A lot of. And a greedy base of trolls and rogue speculators. No idealism, neither great projects, or user-friendly applications...only a tons of altcoins, and exchangers, and speculating instruments of all sort, from pure gambling to ponzi to binary options to cloud mining etc... The only things bitcoin community was, and are, able to develop in no-time.

Note that i'm still a beliver, I srill strongly hope that bitcoin will become something great in the future, but..

To actually being able to properly use bitcoins, you still need to be young and have an above-average IQ and cultural background, and to spend some days on a shady forum where somebody will say " use escrow u n00b", while u wait your blockchain to download and your bitstamp ID verification process to be completed. After that, prepare to be scammed or hacked, or at best sit and see your purchasing power sinking. Or buy quickly your alpaca socks or something, in a much more complicated way and for no discount when compared to fiat. If you want to transfer 10 million usd from USA to Cuba and pay 1 dollar fees bitcoin could be a great thing and need only a bigger market, but for the average user it's not a great deal using btc to buy a pizza or whatever. It COULD be.

But i wonder how " we " could develop an healty economy if we can't get rid off all the scammers and speculators that are infesting the bitcoin world, as it seems that they now control the vast majority of both hashing power and bitcoins.
hero member
Activity: 1022
Merit: 500
January 15, 2015, 09:09:20 AM
#41
Ok bros, it's pretty clear now that we missed the moon. But why?

A considerable fraction of total bitcoins was mined during the early days/months, another was stolen during  an impressive number of various scams and hacks, another was earned by trading manipulation.

All this people, all clever than me, has probably already cashed out a ton of fiat at a better price, and is currently still doing it, they will do it untill people put money in it, because they have a tons of cheap btc, and want to convert to a ton of fiat before collapse.

This bubble was very bad for me: I buyed even at 4 digits, i build a scrypt miner and I was not able to ROI, I was scammed for little amounts. I never sold, beside little bad trades.

I am still glad to be here on this forum, but I have never seen so much scam attempts, here nobody trust nobody (and probably should not) and there's hardly someone who will help you for nothing - and it's a forum!

6 2 billion dollars of purchasing power, and what is the great thing the bitcoin community is currently doing for the world? Scamming each other for penauts. Oh yeah, and gambling.

We missed the moon. Maybe it's time to ask us why.

We didn't miss the moon for ever but you bring up interesting points about what has been the Bitcoin history : hacks, bad management, gambling. A lot has been achieved and a 2 Billions market cap can be a stepping stone for higher accomplishments.

The financial landscape will change drastically soon and Bitcoin will likely profit from it.
legendary
Activity: 1694
Merit: 1207
January 15, 2015, 08:40:56 AM
#40
Ok bros, it's pretty clear now that we missed the moon. But why?

A considerable fraction of total bitcoins was mined during the early days/months, another was stolen during  an impressive number of various scams and hacks, another was earned by trading manipulation.

All this people, all clever than me, has probably already cashed out a ton of fiat at a better price, and is currently still doing it, they will do it untill people put money in it, because they have a tons of cheap btc, and want to convert to a ton of fiat before collapse.

This bubble was very bad for me: I buyed even at 4 digits, i build a scrypt miner and I was not able to ROI, I was scammed for little amounts. I never sold, beside little bad trades.

I am still glad to be here on this forum, but I have never seen so much scam attempts, here nobody trust nobody (and probably should not) and there's hardly someone who will help you for nothing - and it's a forum!

6 2 billion dollars of purchasing power, and what is the great thing the bitcoin community is currently doing for the world? Scamming each other for penauts. Oh yeah, and gambling.

We missed the moon. Maybe it's time to ask us why.

Like Coindesk pointed out the price isn't what the factor running bitcoin, its the ecosystem which is evolving around it.

I pointend out exactly that the ecosystem seems pretty fucked up, at least for my standards.
legendary
Activity: 1694
Merit: 1207
January 15, 2015, 08:37:59 AM
#39
donator
Activity: 1617
Merit: 1012
January 15, 2015, 08:24:29 AM
#38
We need to get a couple of celebs to gain interest... Lebron "For my next destination I'm taking my BTC to ......"

I think you might be right, we need some celebs like Justin Beaver etc
We all need to to be Justin Beaver from time to time.

Who is Justin's beaver? I know he broke up with Selena Gomez a long time ago but I don't keep track of celebs.
Q7
sr. member
Activity: 448
Merit: 250
January 15, 2015, 07:02:28 AM
#37
Let them cash out. They have made their fortune so now is our turn. The opportunity for us to still acquire bitcoin at such low price is still there. If you consider that one day a bitcoin might be worth thousands, current price means it is still low.
legendary
Activity: 1904
Merit: 1074
January 15, 2015, 06:34:19 AM
#36
Well, Bitcoin is more or less 6 years old, where fiat currency are hundreds of years old. In comparison, we are in the wild wild west stage of the cycle of the currency.

I have seen MANY alternative uses for Bitcoin in the last 6 years, where FIAT has been standing on one spot, and the only alternative use for fiat, could be to wipe your ass, if you run out of toilet paper or use the coins in art, after a train rolled over it on a rail  Grin Grin
full member
Activity: 126
Merit: 100
www.DonateMedia.org
January 15, 2015, 03:35:50 AM
#35
Bitcoin reminds me of the wild wild west..
full member
Activity: 224
Merit: 100
January 15, 2015, 03:27:38 AM
#34
Ok bros, it's pretty clear now that we missed the moon. But why?

A considerable fraction of total bitcoins was mined during the early days/months, another was stolen during  an impressive number of various scams and hacks, another was earned by trading manipulation.

All this people, all clever than me, has probably already cashed out a ton of fiat at a better price, and is currently still doing it, they will do it untill people put money in it, because they have a tons of cheap btc, and want to convert to a ton of fiat before collapse.

This bubble was very bad for me: I buyed even at 4 digits, i build a scrypt miner and I was not able to ROI, I was scammed for little amounts. I never sold, beside little bad trades.

I am still glad to be here on this forum, but I have never seen so much scam attempts, here nobody trust nobody (and probably should not) and there's hardly someone who will help you for nothing - and it's a forum!

6 2 billion dollars of purchasing power, and what is the great thing the bitcoin community is currently doing for the world? Scamming each other for penauts. Oh yeah, and gambling.

We missed the moon. Maybe it's time to ask us why.

Like Coindesk pointed out the price isn't what the factor running bitcoin, its the ecosystem which is evolving around it.
sr. member
Activity: 313
Merit: 258
January 15, 2015, 03:25:47 AM
#33
A good idea never dies, crypto currencies are here to stay.

What is hurting bitcoin right now are regulations. yes, regulations that do not apply to currencies of other currencies and create unfair competition.

for example in the USA you can not buy/sell bitcoins anonymously, but you can for other currencies, for example in San Ysidro CA, you can buy/sell pesos/dollars in exchanges available to the public completely anonymous, for example if you converted to pesos and the peso gained value you would not be expected to pay capital gain taxes, and if you had pesos and the dollar lost value you would also not be expected to pay capital gains tax. why discriminate against bitcoin?

This has created an environment where is is very easy to sell bitcoins and hard to buy, most vendors that accept bitcoin just convert it to fiat, few are the ones that keep the bitcoins.

if it was not because of regulations there would be a bitcoin vending machine in every city.

I do not believe people should pay an inflation tax, that is like getting gipped, you paid your taxes, and then have to paid taxes on money that was already taxed, and then taxed again an again for the same money, at that rate taxes exceed the amount you are trying to save.

To makes things worse some countries that do not value economic freedom ban bitcoin altogether, the IRS make a ruling that is property, this was done in purpose to get easy money and to discourage bitcoin usage.

my prediction on bitcoin is that it will hit a bottom, and then bounce back.
in the years 2009,2010,2012,2012 the users of bitcoin were people that believed in bitcoin, the average guy.
in 2013 bitcoin got a lot of publicity, lots of regulations that kicked in on 2014, and even though a lot more people that believed in bitcoin, it also got in a lot of people trying to make easy money, that created the bitcoin buble.
2014 was the year of legislation, rules, bitcoin was banned in some countries, in some countries it was left free, on others it was heavily regulated.
2015 bitcoin will hit bottom and then bounce, it will not die.

things to learn decentralization is good, centralization is bad.
simplicity is good, making things complicated is not good.

once mining becomes decentralized again, it will help the bitcoin enocomy, once BFL and KNC go bankrupt it will help a lot to weed out the scammers.

my advice is to hold on to some bitcoins, since 5 years from now, they will either we worth a lot, or very little, if they are worth a lot it means bitcoins have succeeded and people on this planet who choose to have financial independence   can have the freedom to have financial independence.

For bitcoin to succeed we must concentrate on making easy to buy to the average person, and try to keep it free from regulations as much as possible, regulations only cripple bitcoin, and a cripple bitcoin will have a hard time competing against other currencies that have other set of laws.

The worst bitcoin crash was in 2011 when it lost 90% of its value, I had a prediction that in future bubbles that bottom would always be at a lesser percentage than previous bubbles, if we take the peak of 2013 at $1240, and apply 10%, thats $124, I strongly believe that bitcoin will not go below this amount.
I think we are near the bottom of the crash now.

All the alt coins are dying right now, if we join forces and all get bitcoins, it will help the bitcoin economy, and that is much better than having a fragmented digital economy in bad shape.

mining also has become a problem due to centralization, in the early years of bitcoin the block reward was 50 btc and it was not a problem, now it is only 25 btc and it is creating a big problem, the reason is simple when it was 50 btc most miners were independent using CPUs and then GPUS, most of them believed in the bitcoin economy and kept the coins, now it has become centralized by the greedy asic makers, like KNC who lied to their customers and now control a very large percentage of the mining network, this people do not believe in the bitcoin economy and immediately  as soon as the value of bitcoin goes up they sell all the coins making the value go down.

To solve this problem, we need more independent miners, but the problem is the hardware it has to be purchased by the very same guys that are creating the problem, we need someone with cash and that believes in the bitcoin economy to step in and build quality miners a low cost for the independent miners as long as this does not happen it will be very hard for the independent miners to compete against the big guys.

In brief this are the 3 main problems causing the price to go down:
1. regulations and laws, we have to lobby for less regulation not more, otherwise more guys like Charlie Shrem or Roger Ver will be picked on by the authorities to be used as examples with the goal to discredit bitcoin, so far the strategy has worked to some degree, we need a free bitcoin ( as in freedom). Remember it is people like them that helped jump start the bitcoin economy not the ones creating the regulations.
2. mining has to become more decentralized, and its becoming more centralized, someone that truly believes in the bitcoin economy needs to start making low cost hardware exclusively for the independent miners, this will cause the price of bitcoin to go up, since the only miners that hold on to the coins are the independent miners, and it will help protect against a 50% attack, otherwise it will be extremely difficult for the independent miners to compete against the big guys, and this will cause the price to go down like it is happening now.
3. buying needs to be made easy, just as easy as selling, normally every purchase is a sale this cause the price to go down, buying should be made easy, since buying is what causes the price to go up, maybe this is where decentralized exchanges will step in. if we manage to make buying bitcoins idiot proof the price will go to the moon, but creating a method for buying to be idiot proof will not be an easy task.

if we manage to improve in this 3 areas I am very confident that the bitcoin price will go up and help stabilize
bitcoin.
legendary
Activity: 1904
Merit: 1074
January 15, 2015, 03:19:36 AM
#32
It's funny how these types of threads increase, when the Bitcoin price goes down.  Wink

Some people are so focussed on the price, they totally miss the real value of the technology. The nature of all things are the same.... for everything.

People will cheat and steal, no matter, what the technology are.
What goes up, will go down

I am focussed on the use and what change it can make in millions of people's lives..... If I get any value from it, it will be a bonus.  Grin

My view or opinion of the Moon is, when millions of people can have easy access to global capital without having to share it, with the richest people or companies in the world. { Paying enormous fees, and eating away at the hard earned money } So in a sense, we already reached the Moon with that goal.  Roll Eyes   
sr. member
Activity: 242
Merit: 250
January 15, 2015, 03:05:38 AM
#31
This thread makes no sense.

We didn't even launch to the moon. Saying "We missed the moon." would only be valid if something bad happens during a bullrun.
legendary
Activity: 1568
Merit: 1001
January 15, 2015, 01:13:27 AM
#30
We need to get a couple of celebs to gain interest... Lebron "For my next destination I'm taking my BTC to ......"

I think you might be right, we need some celebs like Justin Beaver etc
We need Vin Deisel on our side, this would be a rush to the moon.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
January 15, 2015, 01:10:37 AM
#29
We need to get a couple of celebs to gain interest... Lebron "For my next destination I'm taking my BTC to ......"

I think you might be right, we need some celebs like Justin Beaver etc
We all need to to be Justin Beaver from time to time.
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