Bitcoin Is sort of a Phoenix which Grows Stronger After it's Notice of Death - page 2.

mk4

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Quote from: chaintee8989 on April 26, 2020, 12:09:28 PM

On social networks, a FUD sentiment has spread, pushing an outsized number of individuals to sell their Bitcoins in the least costs during a totally illogical way.

I mean, it's not like this is anything new, really.

Quote from: chaintee8989 on April 26, 2020, 12:09:28 PM

I mean the situation with the spread of the COVID-19, many people have lost their jobs and tons of cash. once more, unfortunately.

If they understand this, they will join the ranks of HODLERS who totally believe Bitcoin.

Not that good of a take. The last thing you would want to do once you've lost your job, is to be holding speculative assets. This is one of the few rarer cases that I'd heavily suggest holding cash instead.

denzkilim

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Quote from: chaintee8989 on April 26, 2020, 12:09:28 PM

Some of Bitcoin’s critics never miss a chance to announce the upcoming end of Bitcoin.

It worsens if the recent HODLERS, saw the critics proof that Bitcoin is going to fail.
On social networks, a FUD sentiment has spread, pushing an outsized number of individuals to sell their Bitcoins in the least costs during a totally illogical way.

Without being aware of the current worldwide economic environment.
I mean the situation with the spread of the COVID-19, many people have lost their jobs and tons of cash. once more, unfortunately.

If they understand this, they will join the ranks of HODLERS who totally believe Bitcoin.
Then understand that Bitcoin is sort of a phoenix that always rises from its ashes, and always comes back stronger.

Those critics can say whatever they wanted to say and there will be no impact in Bitcoin any words that they throw. If those recent holders of Bitcoin do not have knowledge about Bitcoin and what they are doing they will surely lose money. The targets of those FUD spreaders are the people with less knowledge and these peoples are the new ones in this industry.

One more thing Bitcoin isn't like a phoenix or something that resembles a phoenix because Bitcoin never died even once. Better check out the history of Bitcoin and look if the price or value drops to zero.

bitbollo

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From Bitcoin Obituaries - Bitcoin Declared Dead 350+ Times (2020 Updated)
https://99bitcoins.com/bitcoin-obituaries/

Recent Hodlers sounds more like an oxymoron but yeah they are probably "potential hodlers" since they start only now to hodl bitcoin Wink

Most of the times when you see people that doesn't want understand the basic it's only a waste of time. *
They start to being "hodlers" because they are searching a " get quick rich scheme".
They don't want to know anything of what there is behind this innovation, (Shut up and take my money!).

Quote

* If you don't believe me or don't get it, I don't have time to try to convince you, sorry.

ritu_bd

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Yes, I agree with your opinion. In the meantime, many may have understood and even invested in Bitcoin, and I think 80% of people will soon understand, and that's why all of us who have an idea about Bitcoin are all talking about Bitcoin from their own place through various contacts. By sharing, those who don't know will be able to better understand and know about Bitcoin. And by gradually investing in Bitcoin, I am hopeful that I will get something better.

hatshepsut93

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Quote from: witcher_sense on April 26, 2020, 12:57:03 PM

"What doesn't kill bitcoin, just makes it stronger". Friedrich Nietzsche

Bitcoin is an antifragile system that is similar to human immune system. If such a system is managed to survive the attack of harmful effects of all kinds, then it is getting stronger and more resilient as a whole. Bitcoin is an open computer program, open software. Many talented programmers all over the world make that system stronger and stronger. Users and miners from different places make bitcoin system secure and decentralized. All the time bitcoin system is ready to resist to any kind of attacks. No matter what incentivize people who involved in bitcoin network, their only desire is to provide such security that makes bitcoin to live and exist among harmful factors.

I don't buy that. We have witnessed Bitcoin crashing because the stock market has crashed, so it's clearly vulnerable. Theoretical attacks like the 51% attack or quantum computers can undermine Bitcoin's security and as the result its value. So far big powers ignore Bitcoin or just let it be, or try to regulate a part of its ecosystem. But if they did a 180 turn and banned it, Bitcoin would take a huge hit, because many users would leave.

So, yeah, Bitcoin is technically indestructible, because it's decentralized, but it can be harmed, so it's absolutely not invulnerable or antifragile . Bitcoin devs and community are doing a great job to make it as resilient as possible, but still it's a system that can be attacked.

20kevin20

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How many times has Bitcoin's end been "predicted"? How many times has it ever happened?

Exactly. They have never been right. Although BTC had its ups and downs across the way, today it's sitting at a massive price of $7.6k and people are still "predicting" its death. Only 5 years ago it was under $200 and nobody thought it'd ever recover. meanwhile, I did. I thought it would, I cared about it and here I am sitting on the same position I was in 2013.

There are many opportunities around us but only few of us see them. Not everybody is an economist - if you call right now a completely random stranger that knows not so much about economics and ask them when it's the right time to buy and sell BTC, they'd have no idea or give a silly answer. Some of the Bitcoin hodlers are weak hands, have no vision towards the future or don't know the main rules of trading.

avikz

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Quote

Some of Bitcoin’s critics never miss a chance to announce the upcoming end of Bitcoin.

Does it really matter? No, not really! Probably such self-proclaimed critics can influence some very minor percentage of bitcoiners who are new to this space. But those who are associated with bitcoin since a long time, don't really give a shit to such critics. In my long association with crypto market, I have seen hundreds of such crooks who come and go, but bitcoin remained unharmed and untouched by such critics.

There were only two incidents where bitcoin was really affected by such critics when JPM CEO Jamie Dimon and Berkshire Hathaway Chairman Warren Buffet criticized bitcoin. But the market quickly came back on track and never responded to their comments thereafter! We have made ourselves secluded from such critics and their comments.

witcher_sense

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"What doesn't kill bitcoin, just makes it stronger". Friedrich Nietzsche

Bitcoin is an antifragile system that is similar to human immune system. If such a system is managed to survive the attack of harmful effects of all kinds, then it is getting stronger and more resilient as a whole. Bitcoin is an open computer program, open software. Many talented programmers all over the world make that system stronger and stronger. Users and miners from different places make bitcoin system secure and decentralized. All the time bitcoin system is ready to resist to any kind of attacks. No matter what incentivize people who involved in bitcoin network, their only desire is to provide such security that makes bitcoin to live and exist among harmful factors.

chaintee8989

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Some of Bitcoin’s critics never miss a chance to announce the upcoming end of Bitcoin.

It worsens if the recent HODLERS, saw the critics proof that Bitcoin is going to fail.
On social networks, a FUD sentiment has spread, pushing an outsized number of individuals to sell their Bitcoins in the least costs during a totally illogical way.

Without being aware of the current worldwide economic environment.
I mean the situation with the spread of the COVID-19, many people have lost their jobs and tons of cash. once more, unfortunately.

If they understand this, they will join the ranks of HODLERS who totally believe Bitcoin.
Then understand that Bitcoin is sort of a phoenix that always rises from its ashes, and always comes back stronger.

Topic: Bitcoin Is sort of a Phoenix which Grows Stronger After it's Notice of Death - page 2. (Read 397 times)