You the local Bitcoin joke in town? - page 5.

TimeTeller

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Quote from: hatshepsut93 on January 05, 2020, 05:47:14 PM

Quote from: pixie85 on January 05, 2020, 05:29:46 PM

And I do when they ask me about my interests. I'm pretty confident in Bitcoin and those who know me know not to try that laughing stance with me.

I've been there when the price was 1000 dollars and I've been there when it was 20 thousand. There's really not much they can do to me. What will they say? That It was down 80%? Fine but now it's down 65%. If you bought in January and sold now at 7.5 thousand you'd double your money. What's funny about that?

That's not what I'm talking about, I wouldn't care if people in real life would laugh about my potential losses with Bitcoin, but I don't want to give anyone investment advises, because I've seen a lot of times how people hold grudges against others for giving them poor advice.

Plus, there are additional downsides, like making yourself a potential victim of robbery, or giving people a perception that you are wealthy, which might give them an idea that they can ask you for money.

Giving investment advise is really not a wise approach especially if we are talking crypto.
We can give them information that we know about crypto and bitcoin, but let them decide if they will gonna invest or not.
Because even if we treat ourselves to know more about crypto, we still don't hold the key of the trading market.
So we have no idea where the market is heading to and we can only speculate how much it will be, but not necessarily predicting the exact price for a given period of time.

sunsilk

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We will prove them wrong. I have friends too that invested during that time but I have never encouraged them to buy instead, I've told them before buying they should know the risk that bitcoin has and understand how it's very volatile.

We're also hopeful that it will skyrocket more during those times many of them failed. Well, the blame goes to me and starts making fun of me, my investment and bitcoin. But see to it, that we have already improved a lot and it's just quietly getting back on the track.

dimastegar

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Small Trader

Quote from: Kprawn on January 05, 2020, 04:35:17 PM

Now, this might sound strange, but a few years ago Bitcoin was doing very well and people sat up straight and Bitcoin grabbed their

attention. (Around 2017 when the Bitcoin price reached it's all time high of around $18 000 per bitcoin.) Many people started to take

Bitcoin seriously and they thought it would go mainstream soon.

Let me correct your information first. Based on https://coinmarketcap.com/currencies/bitcoin/ Bitcoin reached ATH in 2017 at a price of $ 19k per BTC. Cool

We cannot deny that after ATH 2017 the price of Bitcoin dropped dramatically in 2018 and did not experience much increase in 2019.
However, don't worry about other people laughing because of this. At least we still have momentum and hope going forward to reach the new ATH.
When will it happen? No one knows.

X-ray

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Quote from: boris singer on January 05, 2020, 06:13:30 PM

try to calm down until bitcoin goes beyond ATH again, or explain in more detail that this asset is still very speculative and will continue to face periodic challenges to achieve greater potential, so it's not always about high prices, others will continue to make it a joke if you only explains the short-term bitcoin movement. No need to be blamed because their literacy is indeed very weak and always thinks instantaneously in every circumstance.

it feels like they blame it to OP because of losing money although it's clear that OP is just trying to make other people gain profit but it turns out to be a problem later on, expecting new ATH is not a solution because those people probably dumped their bitcoin already because afraid of losing more money. whether their literacy is weak or not they will still blame op because of the money they lost.

boris singer

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try to calm down until bitcoin goes beyond ATH again, or explain in more detail that this asset is still very speculative and will continue to face periodic challenges to achieve greater potential, so it's not always about high prices, others will continue to make it a joke if you only explains the short-term bitcoin movement. No need to be blamed because their literacy is indeed very weak and always thinks instantaneously in every circumstance.

ethereumhunter

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We don't need to worry about that. We as people who use crypto will laugh at the last time after bitcoin price back to the higher price if people out there still not believe about bitcoin. We can let them go not to accept bitcoin, and we don't need to ask them to join in bitcoin. But if they come to us and ask about investment thing, we can advise them to invest in bitcoin while we can suggest them not to use a lot of money before they investigate more about bitcoin. And the decision will be made by themselves.

pixie85

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Quote from: hatshepsut93 on January 05, 2020, 05:47:14 PM

Quote from: pixie85 on January 05, 2020, 05:29:46 PM

And I do when they ask me about my interests. I'm pretty confident in Bitcoin and those who know me know not to try that laughing stance with me.

I've been there when the price was 1000 dollars and I've been there when it was 20 thousand. There's really not much they can do to me. What will they say? That It was down 80%? Fine but now it's down 65%. If you bought in January and sold now at 7.5 thousand you'd double your money. What's funny about that?

That's not what I'm talking about, I wouldn't care if people in real life would laugh about my potential losses with Bitcoin, but I don't want to give anyone investment advises, because I've seen a lot of times how people hold grudges against others for giving them poor advice.

Plus, there are additional downsides, like making yourself a potential victim of robbery, or giving people a perception that you are wealthy, which might give them an idea that they can ask you for money.

You said that you don't talk about it in public because you could be responsible for their losses. Wasn't that what you were talking about? I do the opposite. I don't care about their decisions it's their money and their responsibility. I talk about crypto and I talk about my investments and I'm not scared of being laughed at.

If they want to follow it's always their choice. I will never feel bad about it.

hatshepsut93

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Quote from: pixie85 on January 05, 2020, 05:29:46 PM

And I do when they ask me about my interests. I'm pretty confident in Bitcoin and those who know me know not to try that laughing stance with me.

I've been there when the price was 1000 dollars and I've been there when it was 20 thousand. There's really not much they can do to me. What will they say? That It was down 80%? Fine but now it's down 65%. If you bought in January and sold now at 7.5 thousand you'd double your money. What's funny about that?

That's not what I'm talking about, I wouldn't care if people in real life would laugh about my potential losses with Bitcoin, but I don't want to give anyone investment advises, because I've seen a lot of times how people hold grudges against others for giving them poor advice.

Plus, there are additional downsides, like making yourself a potential victim of robbery, or giving people a perception that you are wealthy, which might give them an idea that they can ask you for money.

jackg

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https://bit.ly/387FXHi lightning theory

As I always say, my strategy is to hodl with most of my funds... Up or down, I still have the same number of Bitcoins.

I've never become the butt of the joke to others, my greatest critic is normally myself.

Quote from: crwth on January 05, 2020, 05:36:25 PM

I don’t understand how that could happen because you registered your account in 2014 And it’s impossible to buy your bitcoin only on the year when it came to your all-time high. It’s just not right. Maybe it just happens to be your friend's story But not yourself. This is not cool, lol.

I don't think he mentioned him buying it he mentioned his friends buying it.

@OP have they kept hold of their coins or did they sell and did you let them know about cryptocurrency in 2014 and 2015?

crwth

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I don’t understand how that could happen because you registered your account in 2014 And it’s impossible to buy your bitcoin only on the year when it came to your all-time high. It’s just not right. Maybe it just happens to be your friend's story But not yourself. This is not cool, lol.

figmentofmyass

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Quote from: Kprawn on January 05, 2020, 04:35:17 PM

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 was the butt of jokes like that in 2014. back then, the possibility that the 2013 bubble was a fluke was real. but after 2017, nobody ever clowned me again---not once. people i knew IRL started treating me like some sort of guru for having the foresight to stay in bitcoin all these years.

now i'm just the local "what's bitcoin gonna do next?" or "are x and y altcoins a good investment?" guy.

Baofeng

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I've only known BTC in 2017, tell a few close friends and families and I don't know if they have been following bitcoin's dramatic rise and it's subsequent fall. So No, I'm never experience people laughing at me because the price haven't recovered the past two years. And for the record though, we're just around ~60% from the last all-time-high. So let's hope that this 2020 will be different and at least a good bounce to five digit.

pixie85

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Quote from: hatshepsut93 on January 05, 2020, 05:19:24 PM

Quote from: Kprawn on January 05, 2020, 04:35:17 PM

I was one of them and I told that to everyone that took the time to listen and some of them did.

This is why I was always doing the opposite - never talking about crypto to people in real life, cause I will become indirectly responsible for their investment, and it's likely to spoil our relationship if they will lose money with it, and this is not something I would like to gamble with. Plus people can lose money with crypto if they will fall to malware, scams or their own stupidity, and then they would still blame the person that introduced them, cause that's how humans work - they always try to find a scapegoat.

And I do when they ask me about my interests. I'm pretty confident in Bitcoin and those who know me know not to try that laughing stance with me.

I've been there when the price was 1000 dollars and I've been there when it was 20 thousand. There's really not much they can do to me. What will they say? That It was down 80%? Fine but now it's down 65%. If you bought in January and sold now at 7.5 thousand you'd double your money. What's funny about that?

hatshepsut93

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Quote from: Kprawn on January 05, 2020, 04:35:17 PM

I was one of them and I told that to everyone that took the time to listen and some of them did.

This is why I was always doing the opposite - never talking about crypto to people in real life, cause I will become indirectly responsible for their investment, and it's likely to spoil our relationship if they will lose money with it, and this is not something I would like to gamble with. Plus people can lose money with crypto if they will fall to malware, scams or their own stupidity, and then they would still blame the person that introduced them, cause that's how humans work - they always try to find a scapegoat.

JeffBrad12

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I really hope bitcoin to surpass the ATH but I also would never give financial or investment advice to people because that's what usually happen, if they got profit they'll just silent and say thanks to you but didn't give you a share of the profit and when losing they'll just make fun of you. better to stay low next time, because there's no point risking friendship for something abstract like investment.

Kprawn

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Now, this might sound strange, but a few years ago Bitcoin was doing very well and people sat up straight and Bitcoin grabbed their

attention. (Around 2017 when the Bitcoin price reached it's all time high of around $18 000 per bitcoin.) Many people started to take

Bitcoin seriously and they thought it would go mainstream soon.

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 hope we can prove them wrong and that we can turn this around in 2020 and have the last laugh, but I hope this is not too late for

the majority of my friends who are holding on with the tip of their fingers. Sad

Topic: You the local Bitcoin joke in town? - page 5. (Read 839 times)