The Bitcoin investors' disappointment

[wilbur]

Maybe some of us or many of us are expecting a lot from bitcoin to do the same thing on "ber" months of 2017 to "ber" months of 2018 especially december

We thought that it will inflate but neh..

Are you disappointed to the performance of bitcoin this year?

For me honestly yes, ive been racking up btc since march and it didnt boom this year. Maybe next year again -.-

[Kristoffff]

Eventually it will happen, patience is the key. If you bought btc like a week ago, you would have made an ez 1000+ dollar on a full coin

Keep in mind,price is still way higher than it was in october last year. So if you held on to coins from that moment, youre still in the green.

A new period of green will happen in 2k19 im positive about that.

[williamshennie9]

I don't know if bitcoin will ever recover. After finding out that there is nothing tangible backing it, I really lost hope in bitcoin.

[Kate]

Well not that disappointed since it did rise to 19000 US Dollars and did give a lot of the investors a big profit from that.

[wilbur]

On 12/27/2018 at 8:35 PM, williamshennie9 said:

I don't know if bitcoin will ever recover. After finding out that there is nothing tangible backing it, I really lost hope in bitcoin.

When you say something that is tangible backing bitcoin, what do you mean?

Because banks and some convinience stores (tangible in nature) are supporting bitcoin. Is supporting not backing? Haha sorry i dont get it

For example, 7/11. 

[williamshennie9]

3 minutes ago, wilbur said:

When you say something that is tangible backing bitcoin, what do you mean?

Because banks and some convinience stores (tangible in nature) are supporting bitcoin. Is supporting not backing? Haha sorry i dont get it

For example, 7/11. 

I mean like in the old days, currency was backed by gold. Modern currency is backed by governments who implement laws to protect that currency so that it is prosperous. Since bitcoin is decentralised, there is no agency/central authority protecting it from becoming obsolete. If people start losing faith in it, the value goes down and miners switch off their machines. So the whole cycle can be catastrophic if this this happens. I hope that make more sense

[blueprints]

I had felt so certain that the price was going to spike just like it has in the past years. Sucks for those that invested and lost alot. After seeing bitcoin's price getting and staying low, im beginning to doubt in bitcoin's resilience 

[Laura2000]

yes, sometimes when people expect a thing in a period doesnt happens, but i am totally sure, will be at least at 7k in some weeks or months

[SUPREMOCOC]

Personally, I'm not dissapointed, I think it as a long investment, and I will win money with bitcoin in the next 5 or 10 years.

[anonnep]

let us try to swim in crypto river .
hope we can have some profit

[williamshennie9]

11 hours ago, SUPREMOCOC said:

Personally, I'm not dissapointed, I think it as a long investment, and I will win money with bitcoin in the next 5 or 10 years.

I really hope so. I don't think there is much hope for people that bought bitcoin at $10,000 +. I think they have lost a lost of money, and may not ever recover those losses.

[wilbur]

Ikr, investors who bought it at 7000-15000$ are frustrated. Imagine patiently waiting for 5-10 yrs for your money to recover and grow. Should have invested something else. 

But the good thing is, price inflation can happen anytime

[Eugene265]

I still didnt lose hope in bitcoin. I think theres still chance that it will go up in 2019,so lets just believe in it. *fingers crossed*

[williamshennie9]

2 hours ago, wilbur said:

Imagine patiently waiting for 5-10 yrs for your money to recover and grow.

The thing is, this is just speculation. For all we know, the crypto market may be wiped out in 10 years time, then most people's investments will be worth almost zero

[jualid]

Yes obviously, 2018 is the worst year for bitcoin imo and i hope this year 2019, will be a good year for bitcoin and cryptocurrency.

[Pirnitho]

On 12/27/2018 at 12:06 AM, wilbur said:

Maybe some of us or many of us are expecting a lot from bitcoin to do the same thing on "ber" months of 2017 to "ber" months of 2018 especially december

~

For me honestly yes, ive been racking up btc since march and it didnt boom this year. Maybe next year again -.-

May I ask, why were you expecting bitcoin to reach anywhere near december 2017 levels? From my limited experience, it appears as though this was the effect of large scale manipulation (which resulted in artificial volume, perhaps, that has since settled to its usual stable values) and is not something which has anything to do with the inherent value of Bitcoin.

The price fluctuates constantly and follows certain patterns, look for the strong supports, see the constant trading volume, what does this tell you? In my opinion, it tells me that Bitcoin certainly has a value, at least many people think so by their trading activity and the prices that they are buying Bitcoin for. And if the 'value' of Bitcoin as it stands is presently around the $3,000-$4,000 range, how do you think it's possible that the price would (without manipulation) climb to the sky-high levels of $17,000 and $19,000+ as seen in late 2017? I'm not saying it's not possible to occur again, I just don't think it will be of any natural, fractal effects in the marketplace.

 

On 12/27/2018 at 1:35 PM, williamshennie9 said:

I don't know if bitcoin will ever recover. After finding out that there is nothing tangible backing it, I really lost hope in bitcoin.

What do you mean by this? There is certainly something tangible backing bitcoin, and by that I mean electricity of the miners! Not to mention the physical miners themselves and their associated costs. With the low price of Bitcoin, miners are apparently in a quandry these days.. it will be very interesting to see how this plays out.

But this is certainly a physical effect, a physical phenomenon behind Bitcoin! It is not simply a virtual price decided upon by a single entity! Although at times (in the past), it has certainly acted as though this were true! 🙄

[williamshennie9]

19 minutes ago, Pirnitho said:

There is certainly something tangible backing bitcoin, and by that I mean electricity of the miners! Not to mention the physical miners themselves and their associated costs. With the low price of Bitcoin, miners are apparently in a quandry these days.. it will be very interesting to see how this plays out.

The electricity used to mine cannot "back" a currency. Electricity is a service provided by the government to be used by anyone who pays for it. The miners carry the risk of losses if the price does not cover the equipment and electrical costs. But miners and electricity do not back bitcoin.

[Pirnitho]

On 1/3/2019 at 5:24 PM, williamshennie9 said:

The electricity used to mine cannot "back" a currency. Electricity is a service provided by the government to be used by anyone who pays for it. The miners carry the risk of losses if the price does not cover the equipment and electrical costs. But miners and electricity do not back bitcoin.

Not in the sense you mean, no. But I meant it as there is a physical, real phenomenon which is a major influence acting on the Bitcoin price, and should not be ignored, that was all. It is not a purely virtual idea that can do whatever it wants (barring mass-manipulation, if such a thing is indeed possible).

[federcampos]

We do not have to think about Bitcoin but it is just growing and it is not necessary to be alarmed if it falls or if its value goes up what we know that someday it will reach 100 000 dollars and all those who waited will be the benefits. future projects

[williamshennie9]

7 hours ago, Pirnitho said:

Not in the sense you mean, no. But I meant it as there is a physical, real phenomenon which is a major influence acting on the Bitcoin price, and should not be ignored, that was all. It is not a purely virtual idea that can do whatever it wants (barring mass-manipulation, if such a thing is indeed possible).

I don't really understand, could you please elaborate further ?

[KiXxnTRiXx]

Yeah, i didnt really expect btc to go that low and its still be slow at picking back up. With so many big names pulling out, this may be the reality of whats to expect of btc.. sucks.....

[CMataveli]

I study graphic analysis, and I've been out of the crypto market since the beginning of 2017, when I saw the bearish trend. I'm waiting for a good time to invest again.