Topic: Can Bitcoin be trusted? - page 2. (Read 1765 times)

For now, this is true, but Bitcoin is not in real form so we cannot say it can be trusted in the long term, the global influence in the future is very difficult to predict so we cannot completely trust Bitcoin.
To invest or trade of course Bitcoin is the most trusted choice and even now the most trusted Crypto currency is Bitcoin so we have to sort out how to trust what is meant.

of course bitcoin is trusted. all the most trusted crypto currencies are of course bitcoin. because bitcoin is the first crypto that exists and is the barometer of all crypto prices. bitcoin if in fiat money real life is USD. USD is crypto, of course bitcoin.

Luring people to Bitcoin? That is just unnecessary, Bitcoin is not a must asset you should invest in, it is just a matter of choice. But if it is to convince people you wanted to say, that is good and very necessary in case you do not want the person to miss out. But still, it is the choice of the person in this regard and even as Bitcoin speaks for itself, but the people who thought contrarily to invest in it will lose. This is unless they invest in altcoins and other investments which serve as an alternative to it. Nonetheless, I share in your view that the guy is not new, and what I see in his activity is more than enough to learn and know everything needed about the coin and not pretend this way.

By the way, on second thought, we have different reasons to join the forum and embrace Bitcoin, so he might not be paying attention to the seriousness of this forum and the Bitcoin that brought it close to us for some reason. For this, he might not be convinced really about Bitcoin, and I do not think that it can be so hurt to ask for genuity's sake.

Did you check when the post was made, this post was made when he was yet a beginner now I'm very sure you did not read between the lines when he said
Please next time do well to read carefully before making any comments.

If you cannot depend bitcoin then how can you lure people inside it? you have been here in the forum for quite a long now yet know nothing about bitcoin? sounds not legit mate because I believe that engaging in this forum will at least give you enough understanding about what and how good bitcoin is.

Yes. if they have received it indirectly the demand for BTC will increase and this will also become something that will be familiar to the public in the future when carrying out transactions even in other places at other times and places when they shop and there are payment options available that allow them to be paid using BTC . If BTC adoption is evenly distributed everywhere, it will be even easier.

In fact, we also need to see first whether what is being done is only to convince someone about the goodness of Bitcoin without inviting them to immediately buy Bitcoin before they have a sufficient level of knowledge. Because if you just want to tell someone about Bitcoin, I think this is still in the normal category and isn't wrong as long as you don't force them to buy it straight away.

Even though the person telling you this would certainly be better to have complete knowledge about Bitcoin so that the person being convinced can make a decision to believe the person who told them that. But as long as someone doesn't force other people to believe in Bitcoin, I don't think there is any mistake made by that person because in the end it all boils down to each person's thoughts and beliefs about Bitcoin.

I'm sharing my insights and perspective after reviewing some of the initial discussions regarding the possibility of a Bitcoin crash.
Bitcoin, considered the pioneer of cryptocurrency in my opinion, actually possesses unique characteristics that set it apart from other digital assets in the cryptocurrency space.Its decentralized nature, limited supply and growing adoption contribute to its resilience and long-term viability.While it is true that Bitcoin has experienced crashes and corrections throughout its history, including significant downturns in previous years, it is essential to recognize its remarkable ability to recover and continue its upward trajectory. Despite the challenges and obstacles faced, Bitcoin has consistently demonstrated resilience and overcome various adversities, ultimately reaffirming its position as a leading digital asset.Comparing Bitcoin with other cryptocurrencies it becomes clear that Bitcoin has a different track record. With a history spanning over a decade, Bitcoin has weathered multiple market cycles proving its stability and resilience.
In essence, Bitcoin has established itself as a resilient and stable asset, able to withstand market volatility and uncertainty.

When you want to know a quality product you need to how long with it consistently and Historical Performance: A Decade of Remarkable Gains. Investors often seek assets with a history of robust performance, and Bitcoin doesn't disappoint.so he should know the value been in the game for long and consistently in the market

You feel you are a beginner but you have the courage to convince other people of things you don't fully know, it seems like you are careless, BTC is indeed a good asset but if you don't know much about it you can learn about it first then tell your friends.

In the first place you must be knowledgeable in the Bitcoin industry if or before you must try to talk to someone or bringing someone up to the industry.
You can't give what you don't have and it should be believed that you must have got your conscience cleared and mind made up about Bitcoin which built your confidence in the Bitcoin.
Don't you think even if after you goes back to that of your and clear his doubts out he may feel something untrust because you couldn't sort yourself out at when expected?
Well, you don't take out of excitements and talk to anyone about what you can't be defended or give a confidential stories of believe ability about.

However, Bitcoin has come to stay  but with the nature of its decentralization and regularities, a 100% faith is not worth leaning on it but more solid, concrete and sealed entrusted over every other crypto coins which are flexible and fragile to give up to crashing.

How much are we going to like bitcoin even when we are not making any profit yet from what we have invested, how committed are we going to go about the network even if we already have a past record of losses in our previous investments made online, bitcoin renders equal opportunity towards everyone, do we actually trust in this or we believe it's been manipulated against us for other's sake or benefits.

Correct. I agree with you that sometimes people believe in Bitcoin after they have made huge profits even though they don't fully understand cryptocurrencies. However, most of them believe in bitcoin because bitcoin can earn money without having to work hard and also many people don't care how many big companies adopt bitcoin they only think about how fast they can make money from bitcoin.

You need to make your fundamentals straight and clear. We have the information that Bitcoins are limited in number. We also know that, out of 10 men, 5 at least know about Bitcoins, which proves that Bitcoins are popular as well. Now, when something is popular and fixed in number, what are the chances that when time passes, it will become very valuable? So forget about the risk and buy as many coins as you can in this affordable range. Once bitcoins cross the 60–70k USD mark, it won’t stop. Risk is always present in each and every type of investment. So in the case of bitcoins, just overlook it.

Ups and downs in prices always provide opportunities for investors. This situation happens frequently with Bitcoin. Bitcoin cycles have provided huge returns to those who take advantage of the opportunities during these cycle periods. Bitcoin investors trust Bitcoin because Bitcoin has not misled its investors before.

Those who want to make a profit in the short term may lose money in Bitcoin. This depends on the time period in which they invest, but in the long term, Bitcoin has always made its investors profitable.

Bitcoin faced huge crashes in previous years but if someone considered that crashes as a lucky part for them so that was an opportunity for them to make investment. But those who don't buy any bitcoin that time due to lack of education of bitcoin halving they missed a great chance because buyer of that time will get large sum of money in 2024. Bitcoin value is variable but due to this variable characteristics people are often using it as an investment because such ups and downs make everyone wealthy if they focus on appropriate timing through appropriate research. Keep in mind that crashes are for sometimes so take benefits from it instead of considering it a worse part of crypto

You have a point there, the rate at which Bitcoin could buy to reach an ATH and also sell back dangerously could be very scary and discouraging. But that is to the unprofessional people that just dabble into it and it's a very good reason why you need to understand the market you are dealing with before committing your money. Bitcoin is an asset that anyone dealing with it has to fully understand its season, there are bullish and bearish seasons in it. Not that it won't be falling and buying intermittently like any other market but there are major times of the bullish season and the same goes for the bearish season. From what I noticed, the long-term bearish season of Bitcoin where it might be playing almost dead is more than the bullish season where people will start pumping it due to FOMO just like what we see now. Regardless, this shouldn't cause panic if the person is a true trader/investor, they should rather analyze the coin well to know where to buy and when to liquidate their position properly.

Nonetheless, what I believe that scares people most about Bitcoin is that there is nothing backing it as an asset. The only thing backing Bitcoin now is people's money, nothing valuable as a substitute that people could fall back on in case of unforecastable circumstances. But the real enthusiasts dealing with it do not care mainly because of the blockchain technology of the coin, the decentralization and the privacy issue it's being solved for them.

Very wise opinion, I agree with you (consider the risk/reward ratio to determine if something is worth investing in.). I like the policy you made, I think even though I am optimistic about BTC, I am always careful because the crypto market is very volatile.

Since you have been associated with cryptocurrency for the past few years and have at least some knowledge about Bitcoin. So when your friend asks you to talk about Bitcoin, be sure to bring up Bitcoin's past and future. We all know very well what Bitcoin's past was like and how Bitcoin's popularity has manifested itself today. Those of us who have been working with this forum for a long time are dependent and believers in Bitcoin. We believe in Bitcoin more than anything else, and Bitcoin can be trusted with the blink of an eye. Currently, we have seen many researchers research that they will prefer Bitcoin over paper money in the future. and considering all aspects of Bitcoin it has a bright future as people have been able to change their lives by investing in Bitcoin. And if we invest in Bitcoin and leave it for the future, we will definitely be in a better position. So I would like to tell you that you can safely tell your friend that Bitcoin is a currency that can be trusted blindly and held as an asset for the future.

You can trust Bitcoin. Although Bitcoin suffered two major crashes in 2018 and 2021, but it is no longer in danger. Because Bitcoin is now on a growth path. And Bitcoin experts believe that there is a high possibility that Bitcoin will become the next ATH between 2024 and 2025. Although the value of Bitcoin is variable, at any time the value of Bitcoin increases or decreases. Yet there is a high possibility that Bitcoin price will turn into the next ATH. And you can now trust Bitcoin.