Yes, many market participants don't understand Bitcoin, but simply worship it. I think this is the result of a lack of education among investors. Many of the small investors just want to make money as quickly as possible, so none of them even tries to understand the essence.
Unfortunately, this attitude leads to the fact that during times of rising prices for Bitcoin, the crowds of its worshipers begin to shout that "Bitcoin is perfect", and during the fall of its price, "Bitcoin died, everything was gone."
In order to minimize this phenomenon, we need to talk more about Bitcoin and about technology. Over time, this will lead to more educated investors.
Topic: Bitcoin is a religion - page 3. (Read 1407 times)
Bitcoin is like a belief with the Bitcoiner. They are people who believe in Bitcoin that can change the economy and the trend of using money in the future. Many people who are crazy about Bitcoin by always talking about good things to Bitcoin but pulling others into the market even when the bear market appears.
there are some people who are acting as a cult member and spreading some believe thing about BTC, but BTC is not a cult or religion, there are a lot of other people who are thinking BTC as investment, or thinking BTC as scam, or thinking BTC as a currency - you cant insult their concept by tagging BTC with some cult freaks.
Read the Bitcoin "investors" in this forum and you always see them say the same: "I believe..."
- I believe Bitcoin will go up
- I believe HODL is good
- I believe we will see adoption
- I believe it will go to the moon
and so and...and so on.... and so on
You have no understanding - only belief
Therefore Bitcoin for many people in here is a religion - it is about belief and not about facts and understanding
And religion is an extremely poor investment strategy
- I believe Bitcoin will go up
- I believe HODL is good
- I believe we will see adoption
- I believe it will go to the moon
and so and...and so on.... and so on
You have no understanding - only belief
Therefore Bitcoin for many people in here is a religion - it is about belief and not about facts and understanding
And religion is an extremely poor investment strategy
Bitcoin as a religion seems to me to be too far-reaching statement. However, the fact is that people often use the term "believe", but probably not in the category of faith. Although probably some of these people treat cryptocurrencies as a religion. It seems to be a mistake, because if someone engages in investing in currency based only on faith, he makes a very big mistake, which can be very expensive.
Religion lol. new comers like me, may be. you should see BTC vs BCH lovers fighting eachother over any discussion. for them its more than religion lol but on a serious note for early adopters its pretty simple, they believe in Math.
metaphorically, it can be argued, but is it really so, I doubt it, because this coin does not fill us spiritually, it makes it possible to be financially filled, people believe, and want to get a lot of money due to the growth of Bitcoin, but they do not express those emotions that would usually express when praying to God. Faith - but artificial, because I really want to .... but prickly.
Bitcoin should not be compared with the religion,as Bitcoin deals with the external materialistic world where money is involved and loss and profit are the rules of the game whereas , religion is dealing with person internal world where love blossom compassion feelings take better shapes.So it would be better if we restrict our discussion to the Bitcoin only.
Bitcoin is a digital currency, so it is related to material. While religion is related to the creator, so that bitcoin is not a religion.Bitcoin is a business that deals with profit or loss, depending on the results of trade or investment.
Therefore Bitcoin for many people in here is a religion
No. Just no.
*Praise be
There might be a bitcoin fanatics or avid followers but it is not necessarily a religion because this people are not worshipping it. They only believe in bitcoin's ability to help them financially but not to save their life. Those people who always thinking that bitcoin will go up again in the future are merely speculating but not praying. Religion involves life while bitcoin counts only money.
Yes, that's right, I'm here believing in Bitcoin's ability to make people rich because bitcoin can increase prices, but we don't worship Bitcoin like worshiping Religion, so start thinking sane. Because Bitcoin is a tool for profit, while Religion is our savior for provisions in the hereafter.
There might be a bitcoin fanatics or avid followers but it is not necessarily a religion because this people are not worshipping it. They only believe in bitcoin's ability to help them financially but not to save their life. Those people who always thinking that bitcoin will go up again in the future are merely speculating but not praying. Religion involves life while bitcoin counts only money.
everything in life takes faith. you could not even accomplish anything on your own if you don't believe in your self. whatever one believes in it is from his heart and nobody can take it away from him. facts that we see and know right now regarding bitcoin are just facts, and achievers and more successful people in life first picture it in their mind and believe it in their hearts and it happened. every successful inventions, the inventors first conceived them in their mind and believed they are going to make it with out seeing anything at first.
It is not appropriate to think that bitcoin is a religion, even though you consider trust as the basis of these two things, but actually the beliefs in question are very different.
You say that all bitcoin investors have the same trust, but I see that is not true, because there are actually many who try to leave Bitcoin, and investors who are still sure they will always try to convince others to stay.
Yes, it's true, religion and Bitcoin are very different, maybe here believing in Bitcoin is not believing in worshiping, but only limited to believing in the potential of Bitcoin in the future. It is clear that Bitcoin is something that does not belong to a belief such as believing in Religion. You say that all bitcoin investors have the same trust, but I see that is not true, because there are actually many who try to leave Bitcoin, and investors who are still sure they will always try to convince others to stay.
It is not appropriate to think that bitcoin is a religion, even though you consider trust as the basis of these two things, but actually the beliefs in question are very different.
You say that all bitcoin investors have the same trust, but I see that is not true, because there are actually many who try to leave Bitcoin, and investors who are still sure they will always try to convince others to stay.
You say that all bitcoin investors have the same trust, but I see that is not true, because there are actually many who try to leave Bitcoin, and investors who are still sure they will always try to convince others to stay.
Read the Bitcoin "investors" in this forum and you always see them say the same: "I believe..."
- I believe Bitcoin will go up
- I believe HODL is good
- I believe we will see adoption
- I believe it will go to the moon
and so and...and so on.... and so on
You have no understanding - only belief
Therefore Bitcoin for many people in here is a religion - it is about belief and not about facts and understanding
And religion is an extremely poor investment strategy
Who said belief means religion?- I believe Bitcoin will go up
- I believe HODL is good
- I believe we will see adoption
- I believe it will go to the moon
and so and...and so on.... and so on
You have no understanding - only belief
Therefore Bitcoin for many people in here is a religion - it is about belief and not about facts and understanding
And religion is an extremely poor investment strategy
Just replace Believe with Hope from all your statemtns then it will become an investment,because investments are made with the hope of prices will increase in the future.So its actually okay to hope and invest on it.
Read the Bitcoin "investors" in this forum and you always see them say the same: "I believe..."
- I believe Bitcoin will go up
- I believe HODL is good
- I believe we will see adoption
- I believe it will go to the moon
and so and...and so on.... and so on
You have no understanding - only belief
Therefore Bitcoin for many people in here is a religion - it is about belief and not about facts and understanding
And religion is an extremely poor investment strategy
Stupid ,how did you say that religion is only a belief?theres a bible or scriptures that can prove things happen in past so thats not just a believing but a reality,everything that God and Jesus does is written in tablets and scroll so you have no rights tl say or compared this to cryptocurrency because it doesnt even relevant - I believe Bitcoin will go up
- I believe HODL is good
- I believe we will see adoption
- I believe it will go to the moon
and so and...and so on.... and so on
You have no understanding - only belief
Therefore Bitcoin for many people in here is a religion - it is about belief and not about facts and understanding
And religion is an extremely poor investment strategy
religion is a form of core belief that is not centered on a form that cannot be determined. they come spiritually and clearly this cannot be equated with an economic perspective especially bitcoin.
I always see the development of the current situation and find many arguments and even sentiments that can always be fundamentally accountable.
If you equate this perspective with people who really only see passively, I am sure that is true, but I will also believe if they will eventually learn more using logic analysis that has a clearer form.
I always see the development of the current situation and find many arguments and even sentiments that can always be fundamentally accountable.
If you equate this perspective with people who really only see passively, I am sure that is true, but I will also believe if they will eventually learn more using logic analysis that has a clearer form.
Anyone still investing in Bitcoin clearly does not have the ability to use logic analysis
Joe, why do you even buy into the language of these 'cultists', Bitcoin was never an 'investment', it was always speculative gambling, a 50/50 roll of the dice, which by definition is a fools game.
Even Satoshi's own white paper uses the rule of 51% F=2*P-1, where P is probability of a win, when it's 0.5 you bet zero, any other bet is a moron bet. Satoshi, uses the same 'law of large numbers', to prove that if 51% of a group are 'good' then the 'virtual currency' can be trusted, and that's fine and dandy, but long ago BITMAIN became 99% principal producer of mining hw, and thus 51% is just another urban-myth that is kept alive in the minds of the flock.
Investing is getting sure thing ROI on your money.
Back in the day MINING bitcoin was ok, but that game is long over, in fact the entire crypto space now no longer makes money mining, so now the only game for the exchanges and other leaders of this cult to fleece the flock is to get them to BUY VIRTUAL-CURRENCY, which can only be spent in Heaven, as they MUST wait to spend their VC and HODL.
If the "cult of Bitcoin" has signs of religion, then only negative and extreme signs. Bitcoin, like the financial sector, should have nothing to do with the religion at all. This happens only because of people's ignorance and unwillingness to understand the subject themselves, when people start to just believe in something and rely on others. Does this make any sense? In my opinion, Bitcoin should be a financial tool for profit, but not a religion.
When I was thinking this post, I saw your point because in a religious is is focusing on the faith, and faith means believing in to something that we did not see, and same here n the bitcoin world we expect and we believe to something will happen even we did not see something.
Quote
Bitcoin is a religion
Gold is a religion
Bitcoin should not be compared with the religion,as Bitcoin deals with the external materialistic world where money is involved and loss and profit are the rules of the game whereas , religion is dealing with person internal world where love blossom compassion feelings take better shapes.So it would be better if we restrict our discussion to the Bitcoin only.
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