Who is getting out? | Bitcointalksearch.org

cjmoles

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Quote from: yuiyuga on March 24, 2017, 01:43:17 PM

Quote from: cjmoles on March 24, 2017, 12:39:14 PM

Quote from: thirdprize on March 22, 2017, 11:36:56 AM

Who else is cashing in before the fork wipes out Bitcoin? I don't have much but will quit while I'm ahead. Wink

Quit? Really? Now? Goodluck! It's just now getting fun! All those people who cashed out when bitcoin hit unity with the US dollar several years back are kicking themselves in the ass right now! How do you think they felt when bitcoin hit unity with GOLD this month? I wouldn't get out....diversify....maybe....but not get out!

I'm also sure that the panic around the fork is meaningless. Because of this panic, the price goes down and I do not like it. But I'm not going to sell my savings

It's all relative. The price volatility doesn't hurt those who use the platform as a medium of exchange as much as it hurts those who use the technology as vehicle to store wealth....it goes back fourth. The gravity of the fluctuations depend on one's perspective....that's all.

Hazir

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I don't have enough bitcoins to be worried about the situation all that much. One is certain for me: there won't ever be situation when bitcoin will become totally worthless.
When BU (or other option) eventually win I am sure that we can have peaceful transition and no hostile takeover will take place.
I expect that replay attack will be eliminated and coins will be transferred seamlessly to fit with new protocol rules.

Ron~Popeil

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Quote from: BitDane on March 24, 2017, 01:51:31 PM

Quote from: JosNekoKopa on March 24, 2017, 01:43:58 PM

Someone buys and someone sells, price is not important measure for BTC. When you browse archives few years before you can find almost identical questions and doubts in this forum, what is wrong here?

I think otherwise, price is important measure for BTC in traders view. As a matter of fact, I do not care if BTC will scale or not, it is the developers job. I am here to take advantage of the opportunity that Bitcoin gives. I will use it or trade it as long as it benefits me.

You will be able to use it and trade it only if you have in depth knowledge of bitcoin and its price trend and you will be able to gain from bitcoin only if the bitcoin excels so i think you will not be able to take the advantage of opportunity which is created by bitcoin if you don't care about the growth of bitcoin. But if you have trust in bitcoin and have better knowledge of bitcoin you will not sell bitcoin at this situation as the price don't look good this is the time to buy more bitcoins and store it so that we can trade it once its value increases again.

The Sceptical Chymist

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Not me, but I don't have a hell of a lot anyway. And I don't fully understand the drama that's going on with this whole thing, so I wouldn't be informed enough to dump out of fear. This might be a good time to buy, is my guess. Bitcoin has thrived in the face of adversity before, with worse circumstances than this fork thing.

BitDane

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Quote from: JosNekoKopa on March 24, 2017, 01:43:58 PM

Someone buys and someone sells, price is not important measure for BTC. When you browse archives few years before you can find almost identical questions and doubts in this forum, what is wrong here?

I think otherwise, price is important measure for BTC in traders view. As a matter of fact, I do not care if BTC will scale or not, it is the developers job. I am here to take advantage of the opportunity that Bitcoin gives. I will use it or trade it as long as it benefits me.

JosNekoKopa

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Someone buys and someone sells, price is not important measure for BTC. When you browse archives few years before you can find almost identical questions and doubts in this forum, what is wrong here?

yuiyuga

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Quote from: cjmoles on March 24, 2017, 12:39:14 PM

Quote from: thirdprize on March 22, 2017, 11:36:56 AM

Who else is cashing in before the fork wipes out Bitcoin? I don't have much but will quit while I'm ahead. Wink

Quit? Really? Now? Goodluck! It's just now getting fun! All those people who cashed out when bitcoin hit unity with the US dollar several years back are kicking themselves in the ass right now! How do you think they felt when bitcoin hit unity with GOLD this month? I wouldn't get out....diversify....maybe....but not get out!

I'm also sure that the panic around the fork is meaningless. Because of this panic, the price goes down and I do not like it. But I'm not going to sell my savings

gentlemand

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Quote from: jonald_fyookball on March 23, 2017, 03:43:14 PM

Honestly if the price didnt crash already, i dont think it will in a big way.

A threat is a very different thing to impending reality. This is all still uncertainty. If it becomes fact then expect an awful lot more people to run for the door.

isskor

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I will hold my BTC forever, but if hard fork is happening, Sell and re-buy at lower price.

Anyhow, where are we on this hard fork situation, on every post here, there are comments on that it is very unlikely to happen. but again I see new posts asking about this everyday. What are the % of a hard fork coming through you guys think?

cjmoles

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Quote from: thirdprize on March 22, 2017, 11:36:56 AM

Who else is cashing in before the fork wipes out Bitcoin? I don't have much but will quit while I'm ahead. Wink

Quit? Really? Now? Goodluck! It's just now getting fun! All those people who cashed out when bitcoin hit unity with the US dollar several years back are kicking themselves in the ass right now! How do you think they felt when bitcoin hit unity with GOLD this month? I wouldn't get out....diversify....maybe....but not get out!

bitjoin

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Quote from: thirdprize on March 22, 2017, 11:36:56 AM

Who else is cashing in before the fork wipes out Bitcoin? I don't have much but will quit while I'm ahead. Wink

People who post stuff like this want the price to drop to buy more. People who are really getting out just get their stuff and go.

peter0425

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Quote from: LFC_Bitcoin on March 23, 2017, 12:37:57 PM

I'm not getting out now, no way. Not after HODLING all the way down into the $200's.
If you can't handle the heat, get the fuck out of the kitchen.

Very well said mate. If you have heart attack seeing the price just below $1000 then its not for you. You better just buy alt coins instead and see if you can profit as much as you profit when you have your bitcoin. Looks like they are in a panic mode, who wouldn't? but for those you are getting out right now, just think twice before you do, because we all know that bitcoin has proven that it can recover in the long run.

jonald_fyookball

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You have 40% of the hashpower supporting an admittedly buggy version of Bitcoin,
huge recent congestion, and core floating the idea of a PoW change.
plus altcoins gaining market share.

It doesn't get much more uncertain than this.

Honestly if the price didnt crash already, i dont think it will in a big way.

Valiance

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Quote from: danherbias07 on March 23, 2017, 12:32:17 PM

This is the problem that this chaos is going to do. I am sure it is not just him who is thinking like this. How are we suppose to prevent this panic selling.
Even the low holders can affect the value of bitcoin once they are sold.
Even those who just have a million of satoshi, if they are many it can create a bitcoin or more.
This should not end like this for you dude. Just keep looking and dont let the news of those BU or whatever comes makes you regret it in time.

It's not just him but to be honest I don't think the amount is significant enough to result in a collapse - Bitcoin is still pretty strong. I think that since everyone will have some old and some new Bitcoin, whichever one ends up being successful if the hard fork happens will continue to grow, possibly even existentially if the scaling solution is good enough.

LFC_Bitcoin

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I'm not getting out now, no way. Not after HODLING all the way down into the $200's.
If you can't handle the heat, get the fuck out of the kitchen.

danherbias07

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This is the problem that this chaos is going to do. I am sure it is not just him who is thinking like this. How are we suppose to prevent this panic selling.
Even the low holders can affect the value of bitcoin once they are sold.
Even those who just have a million of satoshi, if they are many it can create a bitcoin or more.
This should not end like this for you dude. Just keep looking and dont let the news of those BU or whatever comes makes you regret it in time.

Amph

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Quote from: QuestionAuthority on March 23, 2017, 10:10:59 AM

Quote from: Amph on March 23, 2017, 02:38:53 AM

Quote from: QuestionAuthority on March 22, 2017, 12:26:19 PM

Quote from: crazyivan on March 22, 2017, 12:04:47 PM

Hahahahahahaha.

Do you have any idea how many times speculators wanted to kill Bitcoin so far? At least dozen.

Let me tell you one thing, you cannot kill $20 billion industry. Not anymore.

Really? Is that so?

he is right, you can't kill a 20B decentralized indistry, don't compare it to various business that were worth more but went bankrupt, centralized business are more prone to fall for obvious reason

if miners decide to be an hasshole and disrupt bitcoin, dev core team have already put into account the possibility of changing the algo, and i like this idea

if they changed the algo since the beginning continuously, to not allow asic, we would sit on a more decentralized nethash, that was a mistake in my view

There's no such thing as "too big to fail" or we would all be living in the Roman Empire.

I don't actually think bitcoin will fail outright. It's more likely to be co-opted into something else. Big business and greed have an amazing power to mutate even the most resilient products and concepts into something unrecognizable to the original architect. History is full of examples.

well i didn't said anything about being big and fail on my post, i just said that since bitcoin is decentralized it will not fall, because there will be always supporters around the world, not comparable with centralized entity

you can't kill bitcoin, if the value is destroyed to an irrecoverable point, you just begin from zero, you can always start again, that's the beauty of it it's selfsustaining

LoyceV

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Quote from: nelson4lov on March 22, 2017, 01:47:50 PM

Like You, I'm staying put and I'm keeping my Bitcoins in my Priv-Key owned wallet. If peradventure, A Hard fork eventually happens, I'm choosing the Majority in such situation.

You wouldn't have to choose a chain, your coins will be on both. If you spend them together with newly mined coins that exist on that chain only, there is no risk of your transaction appearing on both chains.

I prefer to get bigger blocks without a fork, but if it's going to take a fork, it may be a good thing for Bitcoin if it can finally handle more transactions.

Emoclaw

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Quote from: nelson4lov on March 22, 2017, 01:47:50 PM

There's one thing I'm sure of. If the hard fork doesn't wipe out Bitcoin, It'll definitely scare People, Not just from Bitcoin, But from Cryptocurrency. I really can't believe Bitcoin is the subject of matter for a hard fork. A split in the network would be fatal.

No, one side will die and the other will remain, simple as that, no wipe outs and there's no reason for people to be scared. Bitcoin was designed to be upgraded with hard forks.
What's certain is that the correct solution (SegWit or BU) will remain and be used, while the other will die out.
Even ETH is doing fine, that situation was far worse.

maku

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Quote from: thirdprize on March 22, 2017, 11:36:56 AM

Who else is cashing in before the fork wipes out Bitcoin? I don't have much but will quit while I'm ahead. Wink

Even emergency fork of Ethereum didn't kill that altcoin and now ETH is stitting pretty on 4x pre-fork value.
So why do you think that planned and well done bitcoin's fork will destroy the asset?
Mass dump will create entry point for new investors anyway, so be my guest.

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