Can Bitcoin be trusted? - page 3. | Bitcointalksearch.org

Freddie Boyer

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Quote from: Sakanwa on February 18, 2023, 02:20:00 AM

A friend of mine came to me and we were having a conversation and I was trying to introduce he to the forum,but he turns out that I was asked if I really trust and believe in bitcoin it will never crash like other cypto industry.

Well, what do you think now fully believe or re-observation. I think, your friend is smart, that way your curiosity will arise and a desire will be born to know more and more deeply about the performance of the market, especially BTC. What is certain is that you need to remember that the crypto market is volatile and can happen at any time and turn green quickly.

ZAINmalik75

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Quote from: leonair on February 18, 2023, 03:04:04 AM

It is true that bitcoin is not likely to be a scam like other altcoins but there is no guarantee that it could be a major crash as we have seen a major crash in 2017 and later in 2018 when bitcoin dropped from $20000 to $3200. But it didn't last long as Bitcoin once again crossed $68k but crashed again to $15k and the present rate is $24k. this is how Bitcoin sometimes undergoes major corrections.

Basically, most of the people from all around the world are familiar with fiat currency and Stocks market where the dump percentage in price were quite low compared to cryptocurrency so that's why when they observe or face a Bitcoin dump with a percentage of 60% to 80% in price, they taught it's gonna be scam as because in stock there is no such kind of big dump and where ever it happen it indicates of bankruptcy, but in cryptocurrency it's totally opposite, we face a lot of big dump but Bitcoin recover it and make new ATH too,

so that why it's difficult for any person to believe in Bitcoin if he is not familiar with Bitcoin or if he hasn't researched about Bitcoin price history, currently most of the people revert to Bitcoin because of the number of profit which people earn. While still a lot of people call Bitcoin a scam because they are not aware of the potential.

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Quote from: flyingcarpet on July 04, 2023, 02:47:09 PM

I agree with what has been said and make a few additions. The fact that Bitcoin has survived to the present day is an element of trust in itself. To trust bitcoin, we just need to look at all the stages bitcoin goes through.

Besides having to see the stages that Bitcoin has gone through, everyone also needs to see how the level of public trust in Bitcoin every year. Because it is also about the development of Bitcoin from year to year and can also have an impact on increasing prices if every year the enthusiasts for Bitcoin always increase and they also make purchases on Bitcoin.

Quote

The fact that institutions and governments buy and hold bitcoin for a long time is also an effect of reliance on bitcoin. In recent years, making payments with bitcoin is one of these factors. All in all, there are many reasons to trust bitcoin.

That's certainly a factor, but I'd prefer to see a lot of companies with well-known products willing to accept Bitcoin for payment. So that this can also be a direct promotion for Bitcoin because products from companies that are well-known are definitely more widely used by the public, so many people will also see firsthand that the companies from the products they buy also want to serve payments via Bitcoin. And it is also a very good effect for the use of Bitcoin which will probably continue to expand.

Doan9269

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Quote from: knowngunman on July 08, 2023, 07:48:25 AM

Quote from: Sakanwa on February 18, 2023, 02:20:00 AM

A friend of mine came to me and we were having a conversation and I was trying to introduce he to the forum,but he turns out that I was asked if I really trust and believe in bitcoin it will never crash like other cypto industry.

I want know if it will not crash and I need help to convince him about it that it will not crash because am a beginner and I haven't know much about bitcoin so I guess been here I will fine help to assist my friend to join the forum.

What's the reason you want to introduce your friend to Forum and bitcoin despite the resistance? It's not a must to force anyone into what you're doing. Investing in bitcoin is by choice and not coercion. The only role you have to play in that regard is to offer them explanation on how it works and the risk involved as well and that's only if they interested in such conversation again. Do not go about telling people you are bitcoin investor as it's not fully legalized in all countries.

Again, you're not in a referral contest. Do not compel anyone to register on the forum against their wish. Besides, one can visit the forum as a guest and have access to read everything here with the exemption of offering their own opinions.

We have to act our own part kn trying to introduce this forum to some but immediately we see that it's becoming something else beyond we planned for then we should avoid going further, after one would have talked alot about bitcoin to them, it's also something that they should be left alone to have time to rethink about it and look into it more closely by making their personal research as an addition efforts not to fall hands of scammers, you can't force a person when he's yet to be determined for bitcoin adoption, except they show interest for tou to push forward.

knowngunman

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Quote from: Sakanwa on February 18, 2023, 02:20:00 AM

A friend of mine came to me and we were having a conversation and I was trying to introduce he to the forum,but he turns out that I was asked if I really trust and believe in bitcoin it will never crash like other cypto industry.

I want know if it will not crash and I need help to convince him about it that it will not crash because am a beginner and I haven't know much about bitcoin so I guess been here I will fine help to assist my friend to join the forum.

What's the reason you want to introduce your friend to Forum and bitcoin despite the resistance? It's not a must to force anyone into what you're doing. Investing in bitcoin is by choice and not coercion. The only role you have to play in that regard is to offer them explanation on how it works and the risk involved as well and that's only if they interested in such conversation again. Do not go about telling people you are bitcoin investor as it's not fully legalized in all countries.

Again, you're not in a referral contest. Do not compel anyone to register on the forum against their wish. Besides, one can visit the forum as a guest and have access to read everything here with the exemption of offering their own opinions.

slaman29

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Quote from: Lamkuthang on July 07, 2023, 04:22:34 AM

Nice joke.. Grin

Yes. BTC is very different from the others. whatever that is. I myself am one of the youngest BTC lovers who likes to see this technology will be very useful in the future. Yes. BTC will answer it for all of us.

Glad you enjoyed the joke Wink

I find that too many people complain about Bitcoin and make all kinds of "danger assessments" it's what I call to my friends complaining about the hole that you are not even going to jump inside.

I don't think Bitcoin answers everything for us but that was never what it was supposed to be. Like any tool and invention it was supposed to solve a problem, and it solves a lot of problems for me

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Quote from: Sakanwa on February 18, 2023, 02:20:00 AM

A friend of mine came to me and we were having a conversation and I was trying to introduce he to the forum,but he turns out that I was asked if I really trust and believe in bitcoin it will never crash like other cypto industry.

I want know if it will not crash and I need help to convince him about it that it will not crash because am a beginner and I haven't know much about bitcoin so I guess been here I will fine help to assist my friend to join the forum.

If bitcoin was to crash it would have crashed since after suffering in several Terrible market. Bitcoin is the first decentralised currency and it is still doing well till date , if you compare bitcoin to other coins they do not have the same quality. It will be best for you to do a better research and see for yourself why bitcoin can't crash and its difference from others. Many thought before now that bitcoin won't get to this point where it has reached but it keeps growing and always been the most valuable and reliable cryptocurrency.

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Quote from: karabiber on July 05, 2023, 10:55:09 PM

I can say that Bitcoin is a reliable investment tool with its proper use. Bitcoin has opened up a space where we can exchange money without the need for monetary authorities and institutions. Even this reason increases my loyalty and trust in Bitcoin. But Bitcoin is a highly volatile cryptocurrency and with sudden drops and rises, people always think “Is Bitcoin a bubble?” question arises. It has a structure that performs very rapid declines and rises. In the bubbles we generally experience, we saw a decrease in a single move and an increase in a single move. When the websites of technology companies emerged in the 2000s, public offerings took place and a very large market volume was reached.

Then there was a decline. It then took seventeen years for them to recover. Right now we have giant technology companies such as Google and Microsoft, and it has been many years for the shares of these companies to recover. However Bitcoin experienced this collapse and recovery period experienced by technology giants in only three years. We can understand how strong Bitcoin is even with this example. Therefore i can say that Bitcoin is not a financial bubble and is reliable.

Exactly bitcoin has created new ways of earning for all those individuals who are not involved in any job and other thing is that it is decentralized and we can use it anywhere without any limitations. Bitcoin can only be understandable if someone get deep expertise with it because just words cannot attracts to you to a successful path but you have to experience reality.

Bitcoin can rise and drops very quickly and before selecting bitcoin we have to keep this point in mind and if we remember this we will never make any wrong decision and will never blame bitcoin. Recovering durations of bitcoin is very fast because of its volatile nature and we have to think that its volatility is not only a risky but it has beneficial aspects too therefore we have to manage risk and take benefit out of this volatility.

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Quote from: slaman29 on July 06, 2023, 03:32:15 AM

Quote from: arufox on July 03, 2023, 12:52:18 PM

To me, bitcoin can be trusted. There are several factors why I have confidence in Bitcoin due to its proven level of stability, such as a strong history of performance, wide adoption by large companies, decentralized blockchain technology, and set supply limits.

Geez, if stability, strong history, wide adoption are the main components that make you trust Bitcoin, then you probably want to trust gold and US dollars even much much more.

And when fiat currencies implement blockchain for CBDC on blockchain with supply limits, you would trust them even more lol

Bitcoin is trustless, which makes it the most trustworthy. That's the whole point right?

Nice joke.. Grin

Yes. BTC is very different from the others. whatever that is. I myself am one of the youngest BTC lovers who likes to see this technology will be very useful in the future. Yes. BTC will answer it for all of us.

JoyMarsha

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You had good intentions of introducing your friend to this forum but it turned out to make you feel confused about the whole thing you want to introduce him to, so he can learn about bitcoin from this forum.

That's how it always seems when you don't pay much attention to reading and researching what is been preached here

This is what you should know before introducing someone to bitcoin or any other thing you find interesting. You don't introduce someone to something you actually don't have any full knowledge of because any questions or problems can pump out from it that you can't be able to defend or explain better

Having said that, introduce someone to something you have full exposure to. So that when unexpected questions are asked, you can explain how it works based on what you have seen or heard.

slaman29

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Quote from: arufox on July 03, 2023, 12:52:18 PM

To me, bitcoin can be trusted. There are several factors why I have confidence in Bitcoin due to its proven level of stability, such as a strong history of performance, wide adoption by large companies, decentralized blockchain technology, and set supply limits.

Geez, if stability, strong history, wide adoption are the main components that make you trust Bitcoin, then you probably want to trust gold and US dollars even much much more.

And when fiat currencies implement blockchain for CBDC on blockchain with supply limits, you would trust them even more lol

Bitcoin is trustless, which makes it the most trustworthy. That's the whole point right?

YUriy1991

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Admittedly, BTC is not completely safe from market ups and downs, but I believe BTC has long-term potential going forward and regarding Adoption, of course Bitcoin also has implications that vary across regions with economic, political, and social dynamics.

If OP are a trader, let alone reliable. I think this can be a real solution to convince your friends that indeed the price of BTC fluctuates, but with your trading knowledge and experience in following market movement patterns, this is not something to be afraid of and makes your friends calm and not make wrong assumptions anymore.

karabiber

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Quote from: DanWalker on July 01, 2023, 11:53:08 PM

Quote from: MFahad on July 01, 2023, 02:29:09 PM

Quote from: gaston castano on May 30, 2023, 02:07:57 AM

it is true that we must be patient in dealing with situations like this, and then one day we will get what has become our patience.
we are not going anywhere, we are here to face market situations under any circumstances, and we will be together too if bitcoin goes up that's what current holders might think.

People often loss money due to their own mistakes and the blame that bitcoin is not a good investment but they don't accept the fact that their impatience become a cause of their failure.

Bitcoin will be acceptable and trusted by those individuals who get profit from it whereas those who don't understand its reality and are impatience will always says that it's not trusted currency.

Bitcoin is one of the best and trusted asset once an individuals understand the basis knowledge about it and try to wait whenever wait is necessary.

It is not wrong to say that people who lose money investing in bitcoin are their fault, not bitcoin's. Because bitcoin is just an investment asset like other assets like gold or stocks, and whether we lose or gain is entirely up to us. Those who always blame bitcoin for their losses just don't want to accept their own weakness.

But are we exaggerating bitcoin by saying it is the best and most reliable investment? If it is such a good and reliable asset, why are more people still not investing in it? Strictly speaking, it is the most profitable asset today, and that is why many people flock to invest in bitcoin.

I can say that Bitcoin is a reliable investment tool with its proper use. Bitcoin has opened up a space where we can exchange money without the need for monetary authorities and institutions. Even this reason increases my loyalty and trust in Bitcoin. But Bitcoin is a highly volatile cryptocurrency and with sudden drops and rises, people always think “Is Bitcoin a bubble?” question arises. It has a structure that performs very rapid declines and rises. In the bubbles we generally experience, we saw a decrease in a single move and an increase in a single move. When the websites of technology companies emerged in the 2000s, public offerings took place and a very large market volume was reached.

Then there was a decline. It then took seventeen years for them to recover. Right now we have giant technology companies such as Google and Microsoft, and it has been many years for the shares of these companies to recover. However Bitcoin experienced this collapse and recovery period experienced by technology giants in only three years. We can understand how strong Bitcoin is even with this example. Therefore i can say that Bitcoin is not a financial bubble and is reliable.

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Quote from: waONE on July 01, 2023, 06:56:07 AM

Bitcoin has been bullish, so I can say of course that bitcoin can be trusted as an investment,
especially since the halving of bitcoin is still around the corner, so buy Bitcoin at $ 29k to $ 30k,
but if the price of Bitcoin drops below $ 29k then it's better to wait until the situation is good again,
and if the Bitcoin price rises above $ 31k, of course you don't buy it because it can experience another correction.

What are you talking about? If it breaks above the resistance line which is at $31k, there won't be any corrections before it reaches $35k in my opinion, and if it drops to $29k, it's better to wait then, you are right about that because it can drop further once it drops there, now most people are waiting for either one of these two to happen so that they get a clear indication of where the price will go next, right now, the market is in a confused state.

Those who have already invested are waiting for a rise and those who are willing to buy are waiting for a drop and Bitcoin is stable in the middle not letting the market either move up or down Grin

. But, as we can see the market has started moving somehow now, and we will soon see it choosing a direction to move towards.

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Quote from: bestcoins1 on July 03, 2023, 04:53:10 PM

Quote from: arufox on July 03, 2023, 12:52:18 PM

To me, bitcoin can be trusted. There are several factors why I have confidence in Bitcoin due to its proven level of stability, such as a strong history of performance, wide adoption by large companies, decentralized blockchain technology, and set supply limits.

And over time, you may also have experienced amazing things besides what you mentioned with Bitcoin. Because someone who has experienced big profits will also continue to believe in Bitcoin even though he doesn't know everything about the blockchain technology that is in Bitcoin, but if we talk in a more general direction I think many people's trust in Bitcoin is due to encouragement from themselves themselves as well as encouragement from the large corporations.

Which companies also want to use Bitcoin and want to accept it as payment for the products that are with them (the company). And now the adoption of Bitcoin continues to expand among the public as well as on corporate parties too, because maybe they have seen how a country that has started to progress after adopting Bitcoin in recent years. Close examples are El-Salvador and the Central African Republic.

I agree with what has been said and make a few additions. The fact that Bitcoin has survived to the present day is an element of trust in itself. To trust bitcoin, we just need to look at all the stages bitcoin goes through.

The fact that institutions and governments buy and hold bitcoin for a long time is also an effect of reliance on bitcoin. In recent years, making payments with bitcoin is one of these factors. All in all, there are many reasons to trust bitcoin.

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Quote from: Sakanwa on February 18, 2023, 02:20:00 AM

A friend of mine came to me and we were having a conversation and I was trying to introduce he to the forum,but he turns out that I was asked if I really trust and believe in bitcoin it will never crash like other cypto industry.

I want know if it will not crash and I need help to convince him about it that it will not crash because am a beginner and I haven't know much about bitcoin so I guess been here I will fine help to assist my friend to join the forum.

Compare to other crypto coins bitcoin is the most trusted because it is proven and tested as a good investment for a long period of time, but even if it is a good investment there is always a time of bull and bear season so we cannot say that it also bring us profit we also need to know that it is risky investment also because of its high volatility and it is very unstable.

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Quote from: arufox on July 03, 2023, 12:52:18 PM

To me, bitcoin can be trusted. There are several factors why I have confidence in Bitcoin due to its proven level of stability, such as a strong history of performance, wide adoption by large companies, decentralized blockchain technology, and set supply limits.

And over time, you may also have experienced amazing things besides what you mentioned with Bitcoin. Because someone who has experienced big profits will also continue to believe in Bitcoin even though he doesn't know everything about the blockchain technology that is in Bitcoin, but if we talk in a more general direction I think many people's trust in Bitcoin is due to encouragement from themselves themselves as well as encouragement from the large corporations.

Which companies also want to use Bitcoin and want to accept it as payment for the products that are with them (the company). And now the adoption of Bitcoin continues to expand among the public as well as on corporate parties too, because maybe they have seen how a country that has started to progress after adopting Bitcoin in recent years. Close examples are El-Salvador and the Central African Republic.

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To me, bitcoin can be trusted. There are several factors why I have confidence in Bitcoin due to its proven level of stability, such as a strong history of performance, wide adoption by large companies, decentralized blockchain technology, and set supply limits.

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Quote from: bitLeap on July 02, 2023, 04:20:36 PM

Conditions like this are quite reasonable because there is indeed a lot of stigma that really makes it seem as if bitcoin is something bad, especially with the galvanization of several media which makes this a little complicated when the news does not really match the reality because seeing from the conditions there is a lot of skewed news which is actually exaggerated.
In other conditions, this also depends on each individual who has many opinions and there is no mistake about it, but because the stigma has been labeled bad from the start, bitcoin if you don't really get into it and don't know about the ins and outs of ordinary people, of course will continue to feel this is something bad and that can not be blamed also because some of the information provided is sometimes wrong.

Some false news arises due to which the blaming mechanism started so I think first we should recognise the fact and then take forward step. Yes there are a lots of stigma but people can use their mind and can get knowledge about history that how successful bitcoin is and how it gives millions to its users then it will not consider as a bad asset.

In short I will say that we cannot force anyone and we have no right to blame other individuals or any assets because individuals can think personally and they have own mind to take decision. On other hand we can also not blame any asset as asset doesn't describes our profit but we describe our profit through hard work, patience, true decisions and through not making any mistake.

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Quote from: MFahad on July 02, 2023, 01:05:24 PM

Quote from: DanWalker on July 01, 2023, 11:53:08 PM

But are we exaggerating bitcoin by saying it is the best and most reliable investment? If it is such a good and reliable asset, why are more people still not investing in it? Strictly speaking, it is the most profitable asset today, and that is why many people flock to invest in bitcoin.

The reason is just known by those individuals who don't accept bitcoin because every individual has its own opinion may be at start they don't get benefit due to misunderstanding about market and may be they don't have money or are afraid of losing money.

Bitcoin is not acceptable in some countries due to strict rules and regulations but one cannot denied its success and its reliability. We can just justify our own experience and thoughts but we cannot force others to put money into it.

Individuals will only understand about its success of they accept their faults and try to not repeat them again so they will learn from their mistakes which will help then to a successful bitcoin investor.

Conditions like this are quite reasonable because there is indeed a lot of stigma that really makes it seem as if bitcoin is something bad, especially with the galvanization of several media which makes this a little complicated when the news does not really match the reality because seeing from the conditions there is a lot of skewed news which is actually exaggerated.
In other conditions, this also depends on each individual who has many opinions and there is no mistake about it, but because the stigma has been labeled bad from the start, bitcoin if you don't really get into it and don't know about the ins and outs of ordinary people, of course will continue to feel this is something bad and that can not be blamed also because some of the information provided is sometimes wrong.

Topic: Can Bitcoin be trusted? - page 3. (Read 1845 times)