Topic: Why is there so much FUD about BTC right now? Have people forgotten what BTC is? (Read 196 times)
February 05, 2018, 10:55:02 AM
Well we all know for sure that people can easily get blinded by the light of money. Most of the people who joined bitcoin probably expected that it is an easy money with bitcoin because of its high value. They would even risk their money without understanding first how it works or what could be the pros and cons of the risk because they "just knew or heard" that it can generate profit. Because of that they have no idea how to face the reality of bitcoin's volatility. Now that the value of bitcoin is going down, they are now pressured to sell what they are currently holding.
February 05, 2018, 10:29:55 AM
there are a lot of newcomers who don't even know these stuff yet because they got in thinking they are going to get rich, so their main reason for buying bitcoin was monetary gain.
there are others who have chosen to forget these things in order to focus on making more profit. that is why we are seeing the market like this with huge rises and sudden drops because people panic buy and panic sell.
there are others who have chosen to forget these things in order to focus on making more profit. that is why we are seeing the market like this with huge rises and sudden drops because people panic buy and panic sell.
February 05, 2018, 10:18:30 AM
well, here is the result of that mindset. investment goes up gives profit, it also drops and gives profit because people will short it and love its drop. and since they never bought bitcoin to use bitcoin, but instead they bought bitcoin to make more money they dump and short and get out to make a lot of money.
And who's their daddy now? Bet their holding lots of cash and buy Bitcoin at its low then here comes another never ending cycle of whales getting more money.
I think people are trying to get rich quick, like next week. Everybody needs to realize, 3 years, four years... that IS quick!
Sad to say their long awaited time to get rich is far away the distance. Hope the money they used was their life insurance or pensions, or they will be totally screwed.
February 05, 2018, 10:07:23 AM
I think people are trying to get rich quick, like next week. Everybody needs to realize, 3 years, four years... that IS quick!
February 01, 2018, 11:21:13 PM
it is not just about negative news and FUD it is because people have forgotten what bitcoin is! as you pointed out here. the day the wave of new investors came in they didn't read "bitcoin is a peer to peer digital cash" like i did back in 2014, instead they read the 2017 altered version: "bitcoin is a store of value" they saw the price is rising and they started thinking of bitcoin as an investment.
well, here is the result of that mindset. investment goes up gives profit, it also drops and gives profit because people will short it and love its drop. and since they never bought bitcoin to use bitcoin, but instead they bought bitcoin to make more money they dump and short and get out to make a lot of money.
well, here is the result of that mindset. investment goes up gives profit, it also drops and gives profit because people will short it and love its drop. and since they never bought bitcoin to use bitcoin, but instead they bought bitcoin to make more money they dump and short and get out to make a lot of money.
February 01, 2018, 10:41:57 PM
Typically deceptive media is reporting that tether is a scam because all they do is swap tether for btc and then back. But that's what tether does, that's what it's for.
Whenever you see multiple media outlets using the same terms and themes, the same phrases, it should set your spidey senses tingling. The coordination is not just you being paranoid.
Whenever you see multiple media outlets using the same terms and themes, the same phrases, it should set your spidey senses tingling. The coordination is not just you being paranoid.
February 01, 2018, 10:16:08 PM
I think most people are simply confused. Only a small number of Bitcoin investors read the news or this forum. They bought it because they heard those stories about millionaires buying lambos. Read some mainstream media and you'll see what's going on. The news outlets are full of headlines like "cryptocurrency bubble popped" 
Think of that idiot who saw a youtube video where someone brags about his crypto profits and bought some too at 16000 and now it's almost half that and the headlines are saying that it's over. He gets scared and sells. And that's what we're watching.
Think of that idiot who saw a youtube video where someone brags about his crypto profits and bought some too at 16000 and now it's almost half that and the headlines are saying that it's over. He gets scared and sells. And that's what we're watching.
Well said. I guess this is the same crowd that hoped to "get rich quick" off the dotcom boom. No researching of the underlying fundamentals of their investment, just riding the CNBC hype, first up.. then down.. in perfectly predictable fashion of a gambler. If only they didn't panic so much they might actually pull it off without understanding anything.
February 01, 2018, 10:00:03 PM
I think most people are simply confused. Only a small number of Bitcoin investors read the news or this forum. They bought it because they heard those stories about millionaires buying lambos. Read some mainstream media and you'll see what's going on. The news outlets are full of headlines like "cryptocurrency bubble popped"
Think of that idiot who saw a youtube video where someone brags about his crypto profits and bought some too at 16000 and now it's almost half that and the headlines are saying that it's over. He gets scared and sells. And that's what we're watching.
Think of that idiot who saw a youtube video where someone brags about his crypto profits and bought some too at 16000 and now it's almost half that and the headlines are saying that it's over. He gets scared and sells. And that's what we're watching.
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Bitcoin :open immutable decentralized global fair
February 01, 2018, 09:39:52 PM
I notice a lot of posts here and in the altcoin section are talking about the end of crypto and BTC due to this or that. Here's the thing: BTC has had negative press since its creation. Many countries have issued press releases that they're banning cryptocurrencies, BTC, exchanges, or something similar. As any investor that has been in the game for more than a couple of months should know: bad news about banning bitcoin is a regular occurrence and is to be expected!. It existed when Bitcoin was $80, $1000, and it will certainly exist even more as it is $10k.
It makes me wonder whether people here on this forum and investors generally understand what the purpose of blockchain technology is. The entire purpose of it is to create a trustless system that cannot be shut down by government. You see, I thought this was basic common knowledge, but it seems from a lot of the posts here that people are unaware of this. Perhaps there's too many speculators that have recently entered into the market here only hoping to make a quick buck without understanding what their investment is. They don't understand that government opinion is irrelevant to the success or failure of blockchain because decentralized blockchains cannot be shutdown.
What is the most recent craze? Is it South Korea banning crypto? Or India this time? When will investors here understand that the blockchain does not have any central location whereby it can be shut down. I suggest everyone that's creating topics here and elsewhere talking about the end of crypto to finally research and understand what they're investing in. You're investing in a future technology whereby the constantly changing whim of governments and banks can no longer influence your monetary freedom. Government press releases trashing or banning crypto should be taken as good signs that very powerful centralized and corrupt institutions are starting to see your investment as a serious threat. Because if you are going to be part of the new elite, you should grow some balls and accept that the current establishment won't be happy that you can retain value they can't control, they'll do everything and say anything to make you part with your investment. Do you think power with the transfer of wealth comes with feel-good vibes from the elite you're taking it away from? It doesn't. Consider all these attempts good news that blockchain is working and the current establishment is threatened, but never think for a moment your investment can actually be shut down, because it cannot.
It makes me wonder whether people here on this forum and investors generally understand what the purpose of blockchain technology is. The entire purpose of it is to create a trustless system that cannot be shut down by government. You see, I thought this was basic common knowledge, but it seems from a lot of the posts here that people are unaware of this. Perhaps there's too many speculators that have recently entered into the market here only hoping to make a quick buck without understanding what their investment is. They don't understand that government opinion is irrelevant to the success or failure of blockchain because decentralized blockchains cannot be shutdown.
What is the most recent craze? Is it South Korea banning crypto? Or India this time? When will investors here understand that the blockchain does not have any central location whereby it can be shut down. I suggest everyone that's creating topics here and elsewhere talking about the end of crypto to finally research and understand what they're investing in. You're investing in a future technology whereby the constantly changing whim of governments and banks can no longer influence your monetary freedom. Government press releases trashing or banning crypto should be taken as good signs that very powerful centralized and corrupt institutions are starting to see your investment as a serious threat. Because if you are going to be part of the new elite, you should grow some balls and accept that the current establishment won't be happy that you can retain value they can't control, they'll do everything and say anything to make you part with your investment. Do you think power with the transfer of wealth comes with feel-good vibes from the elite you're taking it away from? It doesn't. Consider all these attempts good news that blockchain is working and the current establishment is threatened, but never think for a moment your investment can actually be shut down, because it cannot.
No worries friend. This is just a short-term cycle. The world will learn the power of Bitcoin with time.
Altcoins are known as "scamcoins" for a reason - they will die a relative death. Bitcoin will prevail.
Bitcoin's blockchain is the only unique one to provide the most security in a decentralized, global, incentivized fashion.
Bitcoin's price will be at the very least more than 4 times (400%) of todays price in 5 years.
Bitcoin's lightning network is emerging where fees will be tiny and cross-chain atomic swaps for decentralized exchange.
Governments and laws are controlled by the central banks. Bitcoin is an anti-establishment revolution that has already solidified itself worldwide.
Bitcoin cannot be controlled. It cannot be banned. It cannot be made illegal. And conversely it cannot be legalized. It just simply is. And people can always use it.
Those trying to undermine and manipulate bitcoin stem from the central bank system around the world;
-the central banks dictate policy to all the operating big banks around the world and have essentially tried their best to ban bitcoin related transactions for more than four years straight, ever since 2013, and have failed at stopping bitcoin's growth, adoption, and popularity
-the central banks fund efforts to undermine bitcoin, providing plenty of capital and liquidity to private companies and venture backed groups such as Digital Currency Group (they own Coinbase, GDAX, Kraken, Bitpay, and media outlet Coindesk) and also Roger Ver/Bitmain to undermine and break the bitcoin protocol and/or manipulate trade
Above are just small examples.
First, educate yourself and then others. Please checkout the link to the bitcointalk post in my signature titled: How to teach Bitcoin to a 7 year old.
Bitcoin is a secure, decentralized, trustless and open system which cannot be banned nor controlled.
Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?:
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it required a central 3rd party to function, there would be no value
If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin").
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
Bitcoin is on the verge of lightning network release rendering altcoins as only backup plan options if not dead.
If it was exactly like fiat and only did transactions, there would be no value.
Bitcoin's value is worth hundreds of billions USD today. Altcoins however are scams, weak, pyramid schemes not offering these values.
Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold)
Reply
February 01, 2018, 09:36:43 PM
I notice a lot of posts here and in the altcoin section are talking about the end of crypto and BTC due to this or that. Here's the thing: BTC has had negative press since its creation. Many countries have issued press releases that they're banning cryptocurrencies, BTC, exchanges, or something similar. As any investor that has been in the game for more than a couple of months should know: bad news about banning bitcoin is a regular occurrence and is to be expected!. It existed when Bitcoin was $80, $1000, and it will certainly exist even more as it is $10k.
It makes me wonder whether people here on this forum and investors generally understand what the purpose of blockchain technology is. The entire purpose of it is to create a trustless system that cannot be shut down by government. You see, I thought this was basic common knowledge, but it seems from a lot of the posts here that people are unaware of this. Perhaps there's too many speculators that have recently entered into the market here only hoping to make a quick buck without understanding what their investment is. They don't understand that government opinion is irrelevant to the success or failure of blockchain because decentralized blockchains cannot be shutdown.
What is the most recent craze? Is it South Korea banning crypto? Or India this time? When will investors here understand that the blockchain does not have any central location whereby it can be shut down. I suggest everyone that's creating topics here and elsewhere talking about the end of crypto to finally research and understand what they're investing in. You're investing in a future technology whereby the constantly changing whim of governments and banks can no longer influence your monetary freedom. Government press releases trashing or banning crypto should be taken as good signs that very powerful centralized and corrupt institutions are starting to see your investment as a serious threat. Because if you are going to be part of the new elite, you should grow some balls and accept that the current establishment won't be happy that you can retain value they can't control, they'll do everything and say anything to make you part with your investment. Do you think power with the transfer of wealth comes with feel-good vibes from the elite you're taking it away from? It doesn't. Consider all these attempts good news that blockchain is working and the current establishment is threatened, but never think for a moment your investment can actually be shut down, because it cannot.
It makes me wonder whether people here on this forum and investors generally understand what the purpose of blockchain technology is. The entire purpose of it is to create a trustless system that cannot be shut down by government. You see, I thought this was basic common knowledge, but it seems from a lot of the posts here that people are unaware of this. Perhaps there's too many speculators that have recently entered into the market here only hoping to make a quick buck without understanding what their investment is. They don't understand that government opinion is irrelevant to the success or failure of blockchain because decentralized blockchains cannot be shutdown.
What is the most recent craze? Is it South Korea banning crypto? Or India this time? When will investors here understand that the blockchain does not have any central location whereby it can be shut down. I suggest everyone that's creating topics here and elsewhere talking about the end of crypto to finally research and understand what they're investing in. You're investing in a future technology whereby the constantly changing whim of governments and banks can no longer influence your monetary freedom. Government press releases trashing or banning crypto should be taken as good signs that very powerful centralized and corrupt institutions are starting to see your investment as a serious threat. Because if you are going to be part of the new elite, you should grow some balls and accept that the current establishment won't be happy that you can retain value they can't control, they'll do everything and say anything to make you part with your investment. Do you think power with the transfer of wealth comes with feel-good vibes from the elite you're taking it away from? It doesn't. Consider all these attempts good news that blockchain is working and the current establishment is threatened, but never think for a moment your investment can actually be shut down, because it cannot.
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