Topic: You the local Bitcoin joke in town? - page 3. (Read 842 times)
People who don't know how currencies operate or in any trading market will be laughing at it, feeling that it's some kind of ponzi scheme that they had to invest in it like other pyramid but both have huge differences, ponzi scheme needs investors to pay out other investors in amounts and you can't withdraw your money until you complete the minimum amount, whereas bitcoin on t
Unfortunately you / your friends, entered in the market in a horrible condition, the ATH, I think because of the FOMO and expecting that BTC would grow up forever
If you didn't sold your coins, the better choice is to wait, and study better next time, never follow your emotions, use your brain
If you didn't sold your coins, the better choice is to wait, and study better next time, never follow your emotions, use your brain
Bitcoin price was slightly started recovering in the market and at the same time many people lost their money we need to choose the best time and sell the coins to make the profit.
We all know the volatile nature of bitcoin and we should not go with the negative side of bitcoin alone.
Unfortunately you / your friends, entered in the market in a horrible condition, the ATH, I think because of the FOMO and expecting that BTC would grow up forever
If you didn't sold your coins, the better choice is to wait, and study better next time, never follow your emotions, use your brain
If you didn't sold your coins, the better choice is to wait, and study better next time, never follow your emotions, use your brain
I know what you mean OP. It's funny that people tend to start conversations with me asking how my Bitcoins are or giving me some headlines from the media.
My dentist is a talkative person and remembers people by their traits so when she asked me what I'm doing and heard about Bitcoins I immediately became "that bitcoin guy".
Now when I have an appointment I always hear something like "they said bitcoin lost a lot of value, how are you doing?" or "what's the price of bitcoin these days?".
I find it funny and always chat about it when someone shows initiative. I don't like to bore people with it, but some really like hearing the news. You just have to find those with open minds.
Also, never say how much you have invested. It always makes the conversation awkward because they either feel attracted and will want you to help them make money, or they'll feel envy and you'll feel them getting sad and angry behind that fake smile, or they'll take you for a fool and try to ask you all those stupid questions about ponzi schemes to make you explain yourself.
My dentist is a talkative person and remembers people by their traits so when she asked me what I'm doing and heard about Bitcoins I immediately became "that bitcoin guy".
Now when I have an appointment I always hear something like "they said bitcoin lost a lot of value, how are you doing?" or "what's the price of bitcoin these days?".
I find it funny and always chat about it when someone shows initiative. I don't like to bore people with it, but some really like hearing the news. You just have to find those with open minds.
Also, never say how much you have invested. It always makes the conversation awkward because they either feel attracted and will want you to help them make money, or they'll feel envy and you'll feel them getting sad and angry behind that fake smile, or they'll take you for a fool and try to ask you all those stupid questions about ponzi schemes to make you explain yourself.
It hard for someone like me not to talk about BTC with friends since I have already told them long time ago I was into BTC. I have some BTC stickers stocked to my guitar and some of my personal things, its horrible. When an old crush asked me what I do for a living I talked about BTC lol now they are still thinking if I'm into drugs and did I lose money because of BTC scam. I feel ashamed that I told a husband of my friend to invest in BTC last 2017, the husband could have lost a lot of money if he did what I told.
I was one of them and I told that to everyone that took the time to listen and some of them did. A lot of my friends bought bitcoins at
the all time high, believing that the price would skyrocket to $20 000 or even $50 000 per coin. As you know this did not happen and the
price dropped with more than 80%.
Since then a lot of us Bitcoiners became the laughing stock and the butt of the joke for the people who were too scared to take the
risk.
I think a lot of people kinda fall into this a lot of speculation in the market when the market price was still on the low side that the bitcoin market price will increase into a high market.
And then the scenario a lot of users is not going to believe bitcoin since they never know the potential of bitcoin in the market and most of the time the when the market price of bitcoin increases a lot of users get hype by the situation hoping that the market price will continue to increases and they kina buy bitcoin in that time. Also, it is vice versa when the market price is in the lower side and a lot of users then lose their trust and their hope in bitcoin in that situation leading to panic selling the token.
I think this is just a normal thing for a lot of people since they easily fall into the bitcoin market price. But I think most of the time the best thing to do is just to hold on in bitcoin.
Basically, here's my principle:
1. Do not believe when people tell you market is now doing good and is the right time to buy bitcoin.
2. Do not just buy bitcoin at good market price, try to diversify your buying time frame to make it weekly, instead of thinking too much and waiting for the right time because probably you might not succeed and might just lose some funds.
3. Lastly, do not believe any one's prediction, let yourself figure out what to do based from market research and if you can conduct market analysis, probably it is much better.
I would also like to share a piece of advice that will certainly keep you out of trouble when you recommend bitcoin especially. Refrain from advertising it to your friends or loved ones. It happened to me once and it tarnished my relationship with them. So unless you guys have close bonds together stick with recommending bitcoin to people online or to readily interested people so the fault wouldn't be indirectly yours. 1. Do not believe when people tell you market is now doing good and is the right time to buy bitcoin.
2. Do not just buy bitcoin at good market price, try to diversify your buying time frame to make it weekly, instead of thinking too much and waiting for the right time because probably you might not succeed and might just lose some funds.
3. Lastly, do not believe any one's prediction, let yourself figure out what to do based from market research and if you can conduct market analysis, probably it is much better.
Basically, here's my principle:
1. Do not believe when people tell you market is now doing good and is the right time to buy bitcoin.
2. Do not just buy bitcoin at good market price, try to diversify your buying time frame to make it weekly, instead of thinking too much and waiting for the right time because probably you might not succeed and might just lose some funds.
3. Lastly, do not believe any one's prediction, let yourself figure out what to do based from market research and if you can conduct market analysis, probably it is much better.
1. Do not believe when people tell you market is now doing good and is the right time to buy bitcoin.
2. Do not just buy bitcoin at good market price, try to diversify your buying time frame to make it weekly, instead of thinking too much and waiting for the right time because probably you might not succeed and might just lose some funds.
3. Lastly, do not believe any one's prediction, let yourself figure out what to do based from market research and if you can conduct market analysis, probably it is much better.
~snip~
Friendly financial consulting is not something we should practice, because when it comes to money, even the greatest of friends and even relatives can become great enemies. Personally, I did not push anyone into such problems because I was aware that the balloon would sooner or later burst and that the risk of investing in BTC at the end of 2017 was simply too great.
Anyone who wants to invest in BTC is advised to first acquire some basic knowledge, to understand that it is not easy to be your own bank and to never invest money that is not ready to lose. In addition to the volatility that BTC has, we need to minimize some of the other risks.
Nobody laughs at me because I advised people to invest some money at a time when BTC was only $200, which was really good advice as time showed. Today when asked whether to invest in BTC or not, my answer is just "See the BTC history chart and ROI in the first 10 years".
this is similar to my place where many people say bad about bitcoin, but I understand because they might not understand and don't know much about crypto so they buy bitcoin without my knowledge and suffer a big loss, maybe if they are not hypocritical and ask me of course I will direct when to buy and sell it, unfortunately they see the news and finally buy it bitcoin at the end of 2017 and they hold it and sell it at the end of 2018, but in 2020 I will show those who laugh at will see how bitcoin and crypto develops at certain times
Indirectly, they buy bitcoin only because the orientation on money is not knowledge. They were carried away by the FOMO at the time, they assumed a currency would not go down, in fact all currencies were volatile, yeah really a victim of FOMO and carelessness.
See, maybe now they are making fun of bitcoin again, then when bitcoin rises again, they will regret and buy again. And that is the second mistake that recurs, buying when prices are high haha.
Before the people don't think that the bitcoin becomes profitable, they just it ignore the price of it before because they believe it is just useless. Still, the amount of bitcoin slowly crawling in the market, and there are few people supports the price of it and invest their money. The cost of the bitcoin goes up and gives a massive impact on the market by these many people regret their decision not to spend their money. Now the bitcoin gains a lot of popularity because of the price they saw, and soon many people are supporting this coin that is hoping it will back the price market before, and they become rich in just a single of time.
When friends see me still opening bitcointalk.org and checking bitcoin price, they'll smirk and ask why am I still doing this.
I just ignore them. I still believe bitcoin will recover in this slump, if not this year maybe the next.
I do not need the last laugh. I just hope I can get them back to bitcoin before it takes off to a new ATH and not after.
I just ignore them. I still believe bitcoin will recover in this slump, if not this year maybe the next.
I do not need the last laugh. I just hope I can get them back to bitcoin before it takes off to a new ATH and not after.
There's no need for us to laugh back at them though. There's nothing need to prove, bitcoin ain't a competition as so the fortune either. We must at least be thankful that we have the guts to take the risk since the opportunity is already here, we're all just waiting for the right time for it to bloom once again, and I bet for sure that when the right time comes they are going to hop in here in crypto space.
We can't please everyone, some have their own opinion and risk appetite, they are not just risky in these time so we need to be careful on what we will say as we might hurt them, let's just work and earn in silence. Let our accomplishment be the noise. Many also didn't believe in investing in bitcoin but when they see I was able to buy properties because of it, they no say now.
this is similar to my place where many people say bad about bitcoin, but I understand because they might not understand and don't know much about crypto so they buy bitcoin without my knowledge and suffer a big loss, maybe if they are not hypocritical and ask me of course I will direct when to buy and sell it, unfortunately they see the news and finally buy it bitcoin at the end of 2017 and they hold it and sell it at the end of 2018, but in 2020 I will show those who laugh at will see how bitcoin and crypto develops at certain times
Indirectly, they buy bitcoin only because the orientation on money is not knowledge. They were carried away by the FOMO at the time, they assumed a currency would not go down, in fact all currencies were volatile, yeah really a victim of FOMO and carelessness.
See, maybe now they are making fun of bitcoin again, then when bitcoin rises again, they will regret and buy again. And that is the second mistake that recurs, buying when prices are high haha.
There's no need for us to laugh back at them though. There's nothing need to prove, bitcoin ain't a competition as so the fortune either. We must at least be thankful that we have the guts to take the risk since the opportunity is already here, we're all just waiting for the right time for it to bloom once again, and I bet for sure that when the right time comes they are going to hop in here in crypto space.
You will prove them wrong. I do vouch for that.
I am with you here since I know there are real supporters who bought at that ATH price.
It may sound unreal because of the expensive price but they really did thinking there is going to be a blast of value afterwards.
It did not happen.
They mourn for that.
But, is it over? It is not. Bitcoin is still young and there are a lot of things that might happen.
All we could do is wait.
I am with you guys, though it is their mistake for buying at the peak of bitcoin, but as long as they are holding and keep their faith that bitcoin will do another ath, it will happen.I am with you here since I know there are real supporters who bought at that ATH price.
It may sound unreal because of the expensive price but they really did thinking there is going to be a blast of value afterwards.
It did not happen.
They mourn for that.
But, is it over? It is not. Bitcoin is still young and there are a lot of things that might happen.
All we could do is wait.
It is not yet over, bitcoin is still improving and there is no limitation when it comes to improvement. Bitcoin has the capability to conquer everything.
Those people are not bitcoin loyalist. They are just taking advantage on the best time and once failed they seem not benefited on those best times. I'm not saying that we should be loyal to bitcoin but at least not to discriminate it during crisis time. If we cannot encourage, then its better to be silent about it.
It's because we have different perspectives when it comes bitcoin and it depends on the level of their perception. We can't change the fact that there are some people these days who are only interested on something that can be beneficial to them but once that something doesn't turn out as they expected then it will be the time that they will disregard it despite of the fact that it is still capable on giving them the benefits that they wanted. Actually, I'm not telling or asking anyone to invest their money in bitcoin because I know that they don't have enough understanding regarding it because I had experience losing with the same situation and I don't want them to end up feeling remorse about listening to what I had recommended.
You will prove them wrong. I do vouch for that.
I am with you here since I know there are real supporters who bought at that ATH price.
It may sound unreal because of the expensive price but they really did thinking there is going to be a blast of value afterwards.
It did not happen.
They mourn for that.
But, is it over? It is not. Bitcoin is still young and there are a lot of things that might happen.
All we could do is wait.
I am with you here since I know there are real supporters who bought at that ATH price.
It may sound unreal because of the expensive price but they really did thinking there is going to be a blast of value afterwards.
It did not happen.
They mourn for that.
But, is it over? It is not. Bitcoin is still young and there are a lot of things that might happen.
All we could do is wait.
its interesting to hear so many people have been ridiculed and laughed at
about Bitcoin. I have had similar experiences over the last few years, I dont
talk as openly as before about Bitcoin unless someone expresses interest.
There are a lot of people still willing to follow conventional banking systems
and while not happy with banks cannot see Bitcoin as a potential alternative.
Time will prove a lot of what we have been telling them.
about Bitcoin. I have had similar experiences over the last few years, I dont
talk as openly as before about Bitcoin unless someone expresses interest.
There are a lot of people still willing to follow conventional banking systems
and while not happy with banks cannot see Bitcoin as a potential alternative.
Time will prove a lot of what we have been telling them.
Those people are not bitcoin loyalist. They are just taking advantage on the best time and once failed they seem not benefited on those best times. I'm not saying that we should be loyal to bitcoin but at least not to discriminate it during crisis time. If we cannot encourage, then its better to be silent about it.
Bitcoin investment is all about waiting at the right time. For now, as they all see, the price hasn't been break its record after that bull run last 2017. More than 3 years have been passed, we still couldn't reach at least $15,000. That's why we cannot blame those people who are not confident enough to wait for another year when the Bitcoin Halving is done. Because of most of the time, only after the halvings when the price started to increase as much as $300% in a span of a month.
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