Quote from: 3227jw on Today at 05:45:59 AM

Quote from: KonstantinosM on June 03, 2020, 02:04:47 PM

Rome wasn't built in a day, and Bitcoin won't take off to the moon right now. It will take a lot of improvement, a lot of new technology and a lot of hard work.

The people who buy in rallies and sell during bear markets and then don't believe in bitcoin anymore are clowns. If the price went to 25k in the next few months I guarantee it that the community will double maybe even quadruple in just a few days.

And then if it dropped back to 15k, suddenly most of these people will disappear again. They won't believe in bitrcoin and they will not care.

If you don't want your money to be created by bankers and the government at their whim the actual price of bitcoin is secondary. Bitcoin is a central part of the puzzle when it comes to the people getting back their sovereignty.

Although I agree with some of what you said, I wouldn't call people selling in bear markets 'clowns.'

I have a solid belief in Bitcoin since 2016 and Im certain that BTC is definitely here to stay and will play a much bigger part in the global economy in near future.

Nonetheless, I got out of BTC when it hit $20k, and came back to trading crypto again in early 2019.

Its not a matter of having beliefs, but its a matter of protecting one's assets and making smart financial decisions.

Because in the end, I am the one that has to pay rent, buy food and clothing for myself. No one is gonna do that for me.

I love BTC, but if I think I am gonna lose a lot of money by being in it, I will get out of it any day. My love for it won't change tho.

Since you have my quote above, why are you misrepresenting what I wrote?
I didn't write that people who sell in bear markets are clowns. People who make stupid decisions and then don't believe in bitcoin anymore because of those decisions are clowns. I don't want to repeat myself you can just re-read my quote.

Person who believes in bitcoin during a rally from 15,000 to 30,000 and then doesn't when the price drops back to 10,000 is a clown. We in this community should know that this is a likely scenario.

But the greedy idiots who buy during a rally and don't understand the risks of speculation, regression to the mean and the volatility of bitcoin, the people who only believe in bitcoin when the price goes up, who disappear the moment the price drops and they have no paper profits to show, these people are clowns. They are clowns.

Their desperation and predictable stories of loss I could do without. Like if someone sold their house during an all time high and bought into bitcoin and then sold at a 50% loss 2 years later, that person is a clown.

Price spikes price drops..... You don't gamble all your money by speculating using bitcoin. I mean if the price went to 25,000 next month, I would expect it to drop again, and maybe have that as a bottom in another ten years if the market seems to stabilize.

Bitcoin itself is a tool, it's not a magic thing that will insure your financial stability.

Living under a decent government and being politically engaged. Having a source of income, living within your means and in a stable part of the world, those insure your financial stability.

You can't expect bitcoin to carry you upwards into the magical land of never having to work another day in your life and not having to care about anything. Bitcoin isn't the fix with everything that is wrong in the world.

It can improve it. It can give us back the power to decide what our money should be and that our money will not be debased by the bankers, that it will not be printed and given to the rich.

It cannot hodl our hand and jerk us off. I don't know I think I'm ranting incoherently now. I think I'm done here.

I hope I made my point clear.

Also, despite the hard work being put into bitcoin, we can't just assume that it will succeed. I believe that it can and that it will, but that doesn't guarantee anything.