Can Bitcoin be trusted? - page 4. | Bitcointalksearch.org

letteredhub

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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.

We don't know for sure when such could happen that's if it's gonna ever happen even though we understand bitcoin isn't impregnable it has faced and survived different attacks and there may be more others in the future which we can't tell for sure how's gonna play out.

But generally if we're to compare bitcoin with all other alts, bitcoin is way sured and with a better longer future than any digital currency you can compare with at this time. What you should be concerned about is not when or if it going to crash very soon or not but rather focus on making the best out of the currency while it exists.

MFahad

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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.

CageMabok

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Quote from: benalexis12 on July 02, 2023, 12:28:47 AM

First of all we are under no obligation or obligation to share with others what Bitcoin is. It is up to us whether we want to do it or not. Unless someone shows us an interest in really learning about Bitcoin, which is still up to us whether we explain it to people or not, it's not that simple, right?
Because no matter what we or others say, there is and still is a risk attached to the truth and those who trust in it should be called paring risk taker, it should be you or us.

It's clearly quite simple for this kind of thing, because basically everyone has freedom in liking something and also in being interested in something so that it will show itself to everyone. This means that those who show interest in Bitcoin will definitely try to learn things related to Bitcoin and then ask people who already know about Bitcoin.

Meanwhile, those who don't like Bitcoin but already know Bitcoin, no matter what they want to explain, they still don't like Bitcoin, but there are also people who don't like Bitcoin because they don't know it yet. Well, actually what needs to be given an understanding and explanation here is for people who don't know Bitcoin, not for those who already know Bitcoin, even though we also have full rights to remain silent and not explain anything related to Bitcoin.

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First of all we are under no obligation or obligation to share with others what Bitcoin is. It is up to us whether we want to do it or not. Unless someone shows us an interest in really learning about Bitcoin, which is still up to us whether we explain it to people or not, it's not that simple, right?
Because no matter what we or others say, there is and still is a risk attached to the truth and those who trust in it should be called paring risk taker, it should be you or us.

DanWalker

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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.

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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.

For those people who doesnt have much idea on what they are really that doing and on the time that they would experience loss of money then this is where they would really be definitely be having that kind of
behavior on which they would really be pointing out their fingers on something they could really be able to blame as much as possible which it isnt really that shocking for those who are completely noob
when it comes investment or just simply talking about this crypto space.

Well, even though Bitcoin do really get that huge support and confidence of the community which does signify that it is really that something that can be trusted but still it wont really be that 100%
that you would really be having that all-in kind of behavior when it comes on investing into Bitcoin. Always take that moderation and be mindful on every step that you would make.

MFahad

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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.

waONE

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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.

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Quote from: redwine49 on June 04, 2023, 01:50:02 PM

actually i know bitcoin from my friend. he bought some bitcoin long time ago, but i dont know what is bitcoin and he just said you should learn by yourself.
he got much money from trading bitcoin but i am not really good about that so here i am still learning and looking for something Cheesy

I think that all those who are members of this forum certainly always have a lot to learn, because developments are constantly updated all the time and one day something may be overlooked and unknown. so keep updating all developments properly through existing forums and literacy, it is certain that you will continue to be able to follow well. be happy for those who are able to use bitcoin to be able to prosper their lives, because it is not easy and requires a lot of patience when following the movements of bitcoin. we are together to continue learning and hopefully we can be like your friend who can already use bitcoin properly.

Myleschetty

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Quote from: bluedeep on June 04, 2023, 11:16:12 AM

Quote from: Myleschetty on June 02, 2023, 06:28:55 PM

Quote from: Vaculin on June 02, 2023, 02:17:05 PM

It's our responsibility to be vigilant in the first place especially if we are hodling huge funds towards bitcoin or with other leading altcoins in the market, we shouldn't be complacent of the fact that it is performing good in the past few months because there is no guaranteed profits in the world of cryptocurrency. Even the bitcoin, as the most trusted coin, is still risky to invest on. Being informed and keep updated by what is happening will keep us safe because in that way, we can move in what we think is preferred.

Yes, despite the reputation and the potential of Bitcoin it still doesn't guarantee the chance of making a profit since tomorrow is not promised and everything depends on the investor's decision. But the days Bitcoin will go to zero are over and the risks the cryptocurrency market has can still be avoided.

I think if someone invests in bitcoin with their own mind then it is possible to make a profit.

I'm sorry buddy Bitcoin market is not like a girlfriend or dating kind of relationship which people do with their mind and soul. Things don't work that way in Bitcoin because what is needed is perfect knowledge and risk management not making an investment with the mind. Besides, with the right mind, you'll still make lost if you don't understand the market and have a sound basic knowledge.

Quote from: bluedeep on June 04, 2023, 11:16:12 AM

But I think that the bitcoin market in the current situation will get better very soon but it will take a few months. Those who had invested at that time could have made huge profits if they could have waited a few more months.

Making the most of the current bearish situation is the best course of action because the bear it might take longer than anticipated.

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Quote from: rby on May 26, 2023, 02:23:55 PM

It is very much advisable not to be in a rush to invite a friend to what you don't really understand. You needed to spend more years here and in bitcoin and atleast understand how things work yourself before you invite anyone. It won't be a good experience when your close friend lose money because of you.

One should not spread that news about which he does not know well because investment and trading are those activities in which one have to use his money so if without knowledge your friend losses money then there is a straightforward way for him to blame you because he use his money in this situation just because of you. It is clear that if you tell you friend about risk and benefits so he will surely involved in this case but the matter is that you have complete knowledge about it to give him details.

redwine49

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Quote from: minairia3 on June 02, 2023, 10:30:56 PM

Quote from: Razmirraz on May 30, 2023, 10:38:16 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.

It's hard to convince someone if he doesn't have the intention to learn what you're telling. To attract someone's interest in the subject you are telling must be supported by data and facts, you need to show the history of Bitcoin prices from year to year to your friends.
Bitcoin has experienced a crash, but was able to recover and be able to stand upright. Just leave him with his stance, when your friend is starting to be interested in Bitcoin, he will come to you to teach him how to have Bitcoin.

I don't think we need to convince anyone to invest in bitcoin because it's in their interest, and they will also blame us if the investment loses. And if you still want to convince them, the best I can think of is to give the results you get when you invest in bitcoin. That's the most convincing evidence they can't argue with, and if they still don't believe it, don't waste time on those types of people.

actually i know bitcoin from my friend. he bought some bitcoin long time ago, but i dont know what is bitcoin and he just said you should learn by yourself.
he got much money from trading bitcoin but i am not really good about that so here i am still learning and looking for something Cheesy

bluedeep

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Quote from: Myleschetty on June 02, 2023, 06:28:55 PM

Quote from: Vaculin on June 02, 2023, 02:17:05 PM

It's our responsibility to be vigilant in the first place especially if we are hodling huge funds towards bitcoin or with other leading altcoins in the market, we shouldn't be complacent of the fact that it is performing good in the past few months because there is no guaranteed profits in the world of cryptocurrency. Even the bitcoin, as the most trusted coin, is still risky to invest on. Being informed and keep updated by what is happening will keep us safe because in that way, we can move in what we think is preferred.

Yes, despite the reputation and the potential of Bitcoin it still doesn't guarantee the chance of making a profit since tomorrow is not promised and everything depends on the investor's decision. But the days Bitcoin will go to zero are over and the risks the cryptocurrency market has can still be avoided.

I think if someone invests in bitcoin with their own mind then it is possible to make a profit. But I think that the bitcoin market in the current situation will get better very soon but it will take a few months. Those who had invested at that time could have made huge profits if they could have waited a few more months.

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Quote from: minairia3 on June 02, 2023, 10:30:56 PM

Quote from: Razmirraz on May 30, 2023, 10:38:16 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.

It's hard to convince someone if he doesn't have the intention to learn what you're telling. To attract someone's interest in the subject you are telling must be supported by data and facts, you need to show the history of Bitcoin prices from year to year to your friends.
Bitcoin has experienced a crash, but was able to recover and be able to stand upright. Just leave him with his stance, when your friend is starting to be interested in Bitcoin, he will come to you to teach him how to have Bitcoin.

I don't think we need to convince anyone to invest in bitcoin because it's in their interest, and they will also blame us if the investment loses. And if you still want to convince them, the best I can think of is to give the results you get when you invest in bitcoin. That's the most convincing evidence they can't argue with, and if they still don't believe it, don't waste time on those types of people.

everyone has their own choice, their beliefs are also born from us following them if someone doesn't have faith in Bitcoin,
let them see it, 2015-2016 many people don't believe in Bitcoin, even China banned bitcoin in that year,
but in 2023 China will become a superior country the first to allow bitcoin, how? very amazing is'n it?.

minairia3

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Quote from: Razmirraz on May 30, 2023, 10:38:16 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.

It's hard to convince someone if he doesn't have the intention to learn what you're telling. To attract someone's interest in the subject you are telling must be supported by data and facts, you need to show the history of Bitcoin prices from year to year to your friends.
Bitcoin has experienced a crash, but was able to recover and be able to stand upright. Just leave him with his stance, when your friend is starting to be interested in Bitcoin, he will come to you to teach him how to have Bitcoin.

I don't think we need to convince anyone to invest in bitcoin because it's in their interest, and they will also blame us if the investment loses. And if you still want to convince them, the best I can think of is to give the results you get when you invest in bitcoin. That's the most convincing evidence they can't argue with, and if they still don't believe it, don't waste time on those types of people.

Myleschetty

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Quote from: Vaculin on June 02, 2023, 02:17:05 PM

It's our responsibility to be vigilant in the first place especially if we are hodling huge funds towards bitcoin or with other leading altcoins in the market, we shouldn't be complacent of the fact that it is performing good in the past few months because there is no guaranteed profits in the world of cryptocurrency. Even the bitcoin, as the most trusted coin, is still risky to invest on. Being informed and keep updated by what is happening will keep us safe because in that way, we can move in what we think is preferred.

Yes, despite the reputation and the potential of Bitcoin it still doesn't guarantee the chance of making a profit since tomorrow is not promised and everything depends on the investor's decision. But the days Bitcoin will go to zero are over and the risks the cryptocurrency market has can still be avoided.

Lanatsa

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Quote from: Gallar on June 02, 2023, 01:51:24 PM

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 you say bitcoin will never crash, that opinion is not true. Because bitcoin is also the same as other crypto, if it leads to this. It's also called a tradable asset, it's certain that there will be a place where the price drops quite a bit, to a fairly low point. Likewise with bitcoin, there must be a time when the price crashes, but it won't go down far below, let alone until there's no price, that's very unlikely.
So you have to learn more about bitcoin first, to be able to explain it to other people. So that there are no misunderstandings that occur between you and your friends. Because this concerns the realm of crypto trading and investment. It can have an unfavorable impact if you mis explain the real thing about bitcoin to your friends. So it's better now that you have to learn more about bitcoin, and if necessary also learn about other cryptos. Because if someone asks about it, if you have studied, it will be very easy for you to answer it.

Even on a legit thing about dealing up with any market, having those crashes and dumps or correction is really just a normal part. Thing here is that you shouldnt really invest on something that you cant afford to lose.You should only put on the amount on which you could really be able to bare up with the risks because this is how this market works. You cant really just put up money and making assuring yourself that you would be making money. About trust then we arent that blind on how long Bitcoin had been mainly be supported by the community which is already a decade+ now.

It wont really be remaining on the top spot if it werent that trustable enough but of course it doesnt mean that you could really make some all in type of investment through it. Always be considerate
when it comes to risks as it should always be no matter on where you would be investing as long you do have that decision basing up on your risks appetite. Dont make yourself that
getting that blinded and easily believe on what others do been saying or would be boggled you because those are really just that common lines into those who doesnt have
that basic knowledge about Bitcoin or crypto market.

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It's essential to conduct thorough research, understand the risks associated with cryptocurrencies, and make informed decisions based on your own risk tolerance and goals. While Bitcoin has gained trust from many individuals and institutions, it's important to remain vigilant and stay informed about the evolving landscape of cryptocurrencies.

It's our responsibility to be vigilant in the first place especially if we are hodling huge funds towards bitcoin or with other leading altcoins in the market, we shouldn't be complacent of the fact that it is performing good in the past few months because there is no guaranteed profits in the world of cryptocurrency. Even the bitcoin, as the most trusted coin, is still risky to invest on. Being informed and keep updated by what is happening will keep us safe because in that way, we can move in what we think is preferred.

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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 you say bitcoin will never crash, that opinion is not true. Because bitcoin is also the same as other crypto, if it leads to this. It's also called a tradable asset, it's certain that there will be a place where the price drops quite a bit, to a fairly low point. Likewise with bitcoin, there must be a time when the price crashes, but it won't go down far below, let alone until there's no price, that's very unlikely.
So you have to learn more about bitcoin first, to be able to explain it to other people. So that there are no misunderstandings that occur between you and your friends. Because this concerns the realm of crypto trading and investment. It can have an unfavorable impact if you mis explain the real thing about bitcoin to your friends. So it's better now that you have to learn more about bitcoin, and if necessary also learn about other cryptos. Because if someone asks about it, if you have studied, it will be very easy for you to answer it.

lizarder

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Quote from: kro55 on May 30, 2023, 03:33:04 AM

No asset or investment can provide a high return and safe. Bitcoin offers higher returns than any other asset, so it comes with a higher risk of all. If someone doesn't want to take the risk or can't take the risk, I strongly advise against giving them bitcoin investment advice. Tell them that if they want big success, they need to take big risks.

Besides the volatility of bitcoin, we should also make it clear to everyone the risks of investing in bitcoin. Bitcoin is a new asset class, not yet recognized by many people, so the risk is quite high, the possibility of crashing or losing everything when investing in it is always present

If they don't have the readiness to face risk, any investment will not be suitable for them, let alone talk about bitcoin which is so speculative in its journey. I don't think there is any obligation to explain bitcoin to other people because not everyone understands how it works and also not many people want to get involved. When people are interested in learning about investing in bitcoin, they will indirectly learn to understand and recognize bitcoin first, so that they have insight that can lead them to questions they don't understand.

Talking about the risk is not only in bitcoin and in other investments that are also at risk, even when people try to run a business the risk is also big how business trips don't develop and experience losses on the capital they spend. In the end, the risks will be proportional to the benefits you get, but you have to learn how to minimize these risks to be smaller.

Topic: Can Bitcoin be trusted? - page 4. (Read 1847 times)