Quote from: tee-rex on October 05, 2018, 06:44:26 PM

Quote from: el kaka22 on October 05, 2018, 08:42:52 AM

Quote from: angel55 on October 03, 2018, 09:25:19 PM

Quote from: carter34 on October 03, 2018, 09:01:59 PM

We have to basically forget about miracle happening with price this year because it might not leave the bear mode. Lets start looking at 2019 which looks like opposite of this year.

2918 turned out to be a bad year for crypto. I know a lot of people that got involved in January but they lost a lot of money and vowed that cryptocurrency was a scam. I think this last quarter of 2018 will be good but I agree that it won't really take off until 2019.

2018 is not a bad year, it is just a downtrend which is normal and it is a good year as downtrend tends to give you the chance to buy lower, and I wonder why a lot of people see a problem with that. This is something they should be embracing, but because the market is speculative, prices are driven by speculations and manipulations, people tend to chicken out a lot of the time when they should be taking an advantage.

I'm curious if you really don't understand why plenty of people have a problem with that. Let's start with the fact that many of these people bought at prices well above the current price. And it is not about people who bought at the top price of roughly 20k as many more bought at prices around 10-12k in vain hope that it was the true bottom back then. 12k first looked as a real support as price bounced off that level initially, but then it crashed below 7k in a matter of a few weeks if not days.

You still don't see a problem with that, huh?

I don't feel sorry for anyone who bought bitcoins at $12k+. If they are so stupid to buy an asset that has gone up 20+ times in a year's time then they are gamblers not believers. If they are unable or unwilling to look at a price chart and apply common sense they get what they get. Bitcoin in general punishes gamblers and those that lack belief and rewards those who believe in what it is and what it does.