What went wrong?

Awful examples.

archive.li/1DAxr
archive.li/dEMRA

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Fake money!

This guy gets it

COPE

People noticed that BTC has absolutely zero usage value now that darknet has moved to XMR.

NOTHING went wrong. Everything is going fine. Because we're having a normal and expected correction after the last bullrun doesn't mean it gone wrong. The only ones that are saying this are possibly the dumb ones who bought at 20k.

I beg to differ on that one. Greed moves a price alot faster than fear. There is much more power in it.

Bitcoin is shit. Bitcoin Cash is the real bitcoin!

dude bitcoins price is actually irrelevant to the practical application of it. that's the funny thing about it. it could be $1 or $1 million only the amount held by most would change and decimals we use for payment or transactions. there is no right or wrong price for bitcoin price is determined by demand and supply on markets. but bitcoin really doesn't care about that.

This

normies got burned too hard.
now there is nobody left who wants to buy the ponzi.

nope that's definitely not true. unless you are a sociopath.
etftradeadvisor.com/fear-is-a-stronger-emotion-than-greed/

Yeah I don't care what that gay article says. Fomo is always stronger/faster than panic, especially in crypto. Fomo pushes BTC to 20k in a month. There isn't enough panic in the world to match that in reverse in the same time frame. And the only people who panic are usually the ones that fomo'd to begin with.

you don't get it right? without fear it would go through the fucking sky in a few days. fear is what keeps even bullruns in some check and it's definitely what stops them.

"moon, lambo, xD"

This is what went wrong

Fear doesn't check bullruns, that is retarded. "Oh I'm so afraid this will go higher." Running out of buyers and people taking profits checks bullruns.

look if 10 guys out of 10 thousand go balls deep but the rest is too afraid then yes fucking fear keeps it in check. you shouldn't think of fear and greed as one persons feels. it's the entire market and beyond even the people who are too afraid to touch that shit count into it. because if they weren't afraid to lose their savings they would be in it balls deep and your graph would look like the beanstalk to sky.

>Running out of buyers and people taking profits checks bullruns.
so basically fear okay then good talk bye!

Tesla is going down hard.
Facebook has billions of users.
Twitter is the main diplomatic channel of the leading superpower.

People fomo in the entire run up. Some get in early, some get in late. But for all the retards who don't sell at the top, it is not fear that makes them sell. It is greed. They think it will keep going forever. Which is why they fomo'd in the first place. And as the value starts to drop, greed convinces them it will rebound. Then it drops a bit more, and still greed is in control. And further and further, and then after weeks or months of the much more powerful emotion of greed doing anything rational, and they hit a point where their greed can no longer be sustained, they the fear just takes over enough and they panic sell. And that is why they do it at bottom every fucking time. If they were afraid they would have never bought in the first place or sold right away. This is also why true panic in crypto never happens right away, it takes a bit of dropping to really kick in.

>it is not fear that makes them sell. It is greed.
no definitely not. greed would keep them in it's fear of loss of their gains makes them sell.
>And as the value starts to drop, greed convinces them it will rebound.
fear of missing out, they think it could go higher and if they sell they will regret it. that's why they don't there are fluctuations all the way up many capitulates early nobody knows where the end is.
> And as the value starts to drop, greed convinces them it will rebound.
again they don't sell because they are afraid to lose their position in case of a rebound.
>and still greed is in control
greed is never in control except when the risk is minimal. the only exceptions are criminals and other psychopaths.
>and they hit a point where their greed can no longer be sustained, they the fear just takes over enough and they panic sell
fear of missing what's left again it's just fear.

greed has a part but every decision can be explained with fear alone.

Nothing. The pump-and-dump scam worked exactly the way Satoshi had intended.

youre ignoring the psychological impact price has on the market (which behaves according to emotions and irrationality)

i'm not ignoring that at all if you read my other posts. i'm just saying it's stupid to argue about bitcoins price in relation to it's usefulness because it's usefulness stems not from it's price but it's distributed transactability.

...And bots

Its the death of crypto. All these bullshit upcoming icos and whatnot have turned crypto into nothing but a pump and dump get rich quick scheme. Until something gets put in place to eliminate the thousands of shitcoins this will never stop.

Sec will kill them and what will emerge is mineable tokens. Example 0xbtc

Crypto community, mainly OGs are still afraid that they were underestimating the outcome of btc futures. Simple as that. Futures Fucker up btc big time. All the shit banks are not allowed to do Ehen it comes to stocks they do NOW with crypto

Nocoiner coming to this board the last few days to see how you guys are coping. Never seen the shillstorm that is biz. A singular crypto offering is comprehensible. What I see is totally incomprehensible.

> it's usefulness stems not from it's price but it's distributed transactability
well and the other important factor that is the direct cause of the free floating self determined price is the preordained automated supply mechanism that is in no ones authority to fuck with.

and that's the reason why bitcoins price goes up and down because it's solely determined by change in demand and supply and general sentiment which is mostly fear and greed with some hope mixed in it. which means not just it's past but it's future is priced in but of course it's all just probabilities nobody is certain of anything. if anything bitcoin is so cheap because it's still in a legal limbo. lack of regulation and the stemming uncertainty makes it unstable futures contracts and exchanges on the other hand are actually a stabilizing force.

Nothing wrong with price discovery.

I noticed XMR rebounded strongest.

Treated as investment by people who can't invest, not used to buy/sell goods/services
HODL meme, investors should prepare exit strategy
No intrinsic value as money, but priced in fiat currency that it sought to replace
Centralized around (((exchange)))

Let me ask you this. Some noob buys BTC long at 10k and doesnt sell at 15k, or 18k, or 20k. It drops all the way to 6k and he dumps it. If he was fearful of not locking profits, why did he not sell for the entire time he was in profit or even? It couldn't be fear of losing profits, otherwise he would have sold. I really think you are coming at this, possibly, from the angle of a trader who knows what they are doing. Successful traders are fearful, I agree. They don't let greed win. But the people who are trading successfully in crypto are a very small slice of the market. As the saying goes, only about 10% are successful and the rest lose money. So if the ones who are winning are driven more by fear, and they take profits because they are afraid of losing, then what are the rest of them doing? What emotion is driving that 90% of traders who were not fearful enough to sell in profit? Or not fearful enough to sell right after they were down just a few percent?

Perhaps you're right and greed is just another kind of fear. For fucks sake its in the name FOMO. So I'll give you that. If we were to agree that fear is all their is, then let's break it down further. What is a more powerful force.....fear of losing, or fear of missing out? When I say greed, I mean the latter.

i'm not saying there are no retards and suckers in a rally. i'm saying the vast majority of people are not. they are actually overly fearful. someone who rationalized his greed and fear can make conscious decisions. but they are only right or wrong in hindsight.

they stopped honoring the whitepaper and spawned their own undoing (BCH).

BTC really doesn't have a whitepaper anymore.

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>up over 200% YTD
>what went wrong?

Absolutely nothing? Wait, you bought in November/December? You have a great opportunity to accumulate more in the next 6 months.

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god that arm, nightmare

>MegGNZAv
>Meg
Shut up, Meg

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Nothing.

Can't go up forever without a decently long retracement/correction.
I'm sorry for you (honestly I'm not, but whatever) if you bought the peak.

What you don't understand is that you only make money when there is speculation and anything is 365/365 24/7 on speculation, much less Bitcoin.

"Africans need to run full nodes on their flip phones" happened.

It's not up 200% YTD, dumb nigger. It's just 150%.

Lol

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i like this nigger

fungability

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fuck off normie

No one bought at 20k

I bought at 20k and I bought the top ever since!

>companies that return profit to investors
Vs
>zero sum scam
Coiners are beyond fucktarded, can't wait till you all kill yourselves and we can have comfy stockmarket threads again.

The whales dun be droppin the price so dey can take our precious burpcorns wen we picnic sell

Hoo wee, they ain't getting me tho. I know that bitcorns is a time travelling space AI that can cure global cancer hungers

HODL

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