You're not alone. I also feel these stories are manufactured. It is not what I experience with other people.
Sure, some of them are in doubt, but others are at the brink of buying their first bitcoin because of my enthusiastic talk about it.
can you explain me how to explain the long decline to them? -20% in the last 30 days are not very enthusiastic...
+5% shorts in 24 hours could be an opportunity and the much needed momentum upwards...
look at the history broader than 30 days .. also look at the history broader than the last 9 months. Maybe also explain diversification and only investing your comfort level rather than investing either balls to the wall or expectations to get rich quickly? Even though you may be a trader or others may want to attempt to get rich through trading, most people lose a lot of money through trading and a more sound dollar cost averaging system should be contemplated and employed.. in other words buying and holding.. and investing in small increments.
that's more or less what i always said...don't get me wrong with my bearishness...maybe a few percent and i'm bullish again...but right now after all the dumps and failed 'rallies' i am really disappointed...
short term i am really bearish, mid term stagnating at best, long term the chances are 30:70 against a bitcoin rise...
with that personal pov, the next time i meet some people to talk about bitcoins i will have to say that i lost a lot of money and maybe now is not a good entry point because more losses are expected
there really has to be a rise soon or mass market adoption will fail, cause everyone will consider bitcoin as too dangerous or will forget about it
i will hodl what is left but i will not consider buying more and i will explicitly make aware of the danger of losing all investments...i prefer that they say "why didn't you force me to buy" than "because of you i lost a shitload of money"
When did you buy in? and how did you lose money? did you buy high and sell low? or get margin called? how exactly did you lose a lot of money?
i don't see a point in giving especially you more ammo to shoot at me
?...... I am merely asking for you to clarify your statement that you have lost money?
I am not sure how that is "ammo" to ask you to explain your statement in a way that people can understand that makes sense? other than a vague "I lost a lot of money" because that does not say much about Bitcoin on its own at all...
I am asking how you managed to accomplish losing money ? was it buy high and sell low? or margin calls or bad trading? or are you sitting on unrealised losses, or are you talking hypothetical losses? (due to missing perfect hypothetical trades)
It makes a LOT of difference, and your answer could give context and substance to your "I lost a lot of money because Bitcoin" statement....
more or less
25% buying high/hypothetical losses
25% bad trading
since it isn't just about the money the main problem is the loss of faith in the bitcoin market...
i even unignored fallling (and ignored again)
but i am only bearish since sunday...so with a lot of new shorts and a bit of stagnation some people will maybe get nervous and give the much needed momentum to the upside
thanks...
but
I am still unclear
Does this mean that of the funds you have "lost"
25% buying high/hypothetical losses = So this means you have not actually lost anything with this 25% then ?
....yet and you say that part of the 25% was hypothetical i.e trades you could have made if you had perfect prevision?or were trading with hindsight? (which means that you did not actually lose anything there either?
25% bad trading - does this mean that you consistently nipped away at your net worth through bad trades? (did you keep buying high and selling low?) or did you make leveraged losses (or both?)
Also of the money you have lost that only cover 50% how did you lose the other 50%?
Also it does make all of the difference... it is the difference between saying "Bitcoin, will lose you money" and "I made some bad decisions/had bad luck trading Bitcoin" with the latter statement you could replace Bitcoin with "gold, silver, forex, stocks, etc etc i,e any trading instrument" and with the former, you are making a statement regarding Bitcoin itself.
You make the statement about loss of confidence in the Bitcoin market, is this a personal statement?
Having bought BTC a fair time ago... and held all the way through several previous rallies, and during ath and continuing to hold today, I would say that my confidence in the Bitcoin market is stronger than ever before... for many obvious reasons... I for one am experiencing no such loss of confidence...
May I ask have you experience in trading pre Bitcoin? short term trading or mid term trading?