Topic: Can Bitcoin be trusted? - page 7. (Read 1847 times)
Obviously bitcoin is very trustworthy. If someone doesn't believe in bitcoin, only sees when bitcoin crashes, it means that person doesn't understand bitcoin thoroughly. Even if people understand about the very volatile price of cryptocurrencies, they will never doubt bitcoin. As we know that bitcoin often crashes and bitcoin can survive and recover from crashes.
Well I have put a lot of trust in my Bitcoin investment. It is my only investment so in many years I think I will be very happy that I did not sell any of my coins when there was a lot of fomo being spread on here and on the internet.
I do not think that Bitcoin will crash very low. But yes I am quite sure there is going to be many corrections still ahead of us. We must be patient with this and just know there are many years of profit and big gains for us who are patient.
But yes it is a good idea for your friend to join forum. If he does not want to join he can at least read up on Bitcoin. It is not for everyone but I think he will want to invest in it himself.
I do not think that Bitcoin will crash very low. But yes I am quite sure there is going to be many corrections still ahead of us. We must be patient with this and just know there are many years of profit and big gains for us who are patient.
But yes it is a good idea for your friend to join forum. If he does not want to join he can at least read up on Bitcoin. It is not for everyone but I think he will want to invest in it himself.
I think bitcoin has a good and reliable reputation, if more and more companies and countries legalize bitcoin then they have done rigorous and long trials, many people complain about losing bitcoins, but after being asked it turns out that their mistake was saving in a web wallet that can be closed services like Xapo.
Bitcoin is around 14 years old and according to reports it says that users are around 170 million and active users are more than 10 million, of course this is a very large community because if combined it is equivalent to the population of major countries, bitcoin is of course trusted because until now users still feel safe store assets in bitcoin, although sometimes we hear cases of hack wallets.
These wallets gets hacked only due to the carelessness of the owners. First of all we should avoid online wallets. Never store any coins in any online wallets. Secondly many people like to store the coins in exchanges as this gonna help them to exchange the coins faster. But we have to strictly avoid these things while storing the coins. As in both cases, the coins are not completely owned by you, other entities also have access to it and hence for this reason many times, wallets are hacked.
Bitcoin in my opinion already has a high trust from investors, more than 10 years of course makes Bitcoin's reputation no doubt, if not trusted, of course Bitcoin has been abandoned by users, as long as we hold bitcoin and connected with a private key then everything is safe, very rarely occur in bitcoin hack cases .
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.
Bitcoin has experienced several crashes and we know about this if we look at some of the history behind it so that whether the context can be trusted or not, this returns to everyone's beliefs.On the other hand, we must also be aware that something like this "Crash" will definitely happen even though with bitcoin conditions everything is back as expected, obviously this is not one of the things that really needs to be worried about when we believe in this.
The problem is when beginners don't wholeheartedly always feel they are being deceived because it doesn't match what they expected, even though in this case conditions with the worst possibility always exist and must be realized from the start.
You are not sure about Bitcoin yourself, how do you convince others? When you introduce this forum to your friends, of course you have to be sure first that Bitcoin is really the asset of the future. Price crash condition is not a problem for us. Crypto price fluctuations, including Bitcoin price fluctuations are part of crypto. That's where traders take advantage of the market situation to seek profits.
He already said that he is a beginner. And he actually didn't come to his friend, but his friend came to him. It means he basically has no intention to introduce Bitcoin to his friend. That's why he asked for help!Well, to introduce Bitcoin, someone needs sufficient knowledge about it. At least, know well about the nature of Bitcoin and how its potential for the future. Regarding the price, sure Bitcoin price is never stable, it can raise or drops at any time. Also, it may have a sideways phase, too. So, it may crash sometimes, it is impossible to always raise. But if we learn the whole price history, it always creates a new ATH every 4 years. It means Bitcoin price grows constantly.
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For a while I also don't think that one day there will be a new system that can hack Bitcoin,Security is one of the innovations of bitcoin, so there is no need to doubt bitcoin about it but you only have to doubt whether you have practiced the best security for it. Protecting your bitcoin with the best security measures is recommended, even from the very first moment when you buy bitcoin. But regarding the price, bitcoin is never safe from volatility, but that is a normal thing that is not to be debated. Whether you believe it or not is up to each individual, but I believe bitcoin is a great asset and has the potential to provide returns that are worth the risk.
I guess if bitcoiners are not careful, then obviously we can lose our funds from this hackers. So we need to be very careful and it's part of our journey to learn security practices.
Another good thing is that transactions are irreversible, so for now, we need to be very careful who to send and we have to think and check that the addressed is correct before pushing that send button. I think that features put by Satoshi will really protect our as well as compare to centralized services. Everything is on us, private keys and total control of everything and that what makes Bitcoin more trusted by users.
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For a while I also don't think that one day there will be a new system that can hack Bitcoin,Security is one of the innovations of bitcoin, so there is no need to doubt bitcoin about it but you only have to doubt whether you have practiced the best security for it. Protecting your bitcoin with the best security measures is recommended, even from the very first moment when you buy bitcoin. But regarding the price, bitcoin is never safe from volatility, but that is a normal thing that is not to be debated. Whether you believe it or not is up to each individual, but I believe bitcoin is a great asset and has the potential to provide returns that are worth the risk.
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.
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.
You know you don't have to prove to him what Bitcoin is. If you say that it won't fall, dude, it will appear that trading is no longer the main reason why Bitcoin holders make money. I hope you get my point.
There's no trading that happens that's just lifting, it's not called trading dude. You should make him understand that. As far as I can see, even you should learn a lot about trading here in cryptocurrency. If you understand the word that Bitcoin is volatile, it is not difficult to understand what I am telling you.
The number of users continues to increase proves that bitcoin is a trusted asset, if there is a security hole then everyone will not keep bitcoins, the daily transaction volume can reach $ 20 billion proves that the bitcoin security system is very good, but I believe that one day there will be a program who can hack bitcoins because no system is perfect.
For a while I also don't think that one day there will be a new system that can hack Bitcoin, because from year to year Bitcoin has been developed better so that the security system is very guaranteed even though you say there is no perfect system. Because the new system that you are referring to is also not necessarily able to penetrate the Bitcoin system which also gets an update on its security level. So, don't doubt this if you really believe in Bitcoin at this time. 
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.
You are not sure about Bitcoin yourself, how do you convince others? When you introduce this forum to your friends, of course you have to be sure first that Bitcoin is really the asset of the future. Price crash condition is not a problem for us. Crypto price fluctuations, including Bitcoin price fluctuations are part of crypto. That's where traders take advantage of the market situation to seek profits. 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.
Yes absolutely Bitcoin is trusted there has no any doubt. Bitcoin already proved it is trusted. Bitcoin crashed several times but it turned again and Again. Now i think bull market Bitcoin price increasing but no anyone confidently tell it will never crash again. I believe bitcon can crash any time. But i strongly believe after crash it will normal again. End of the day i can tell Bitcoin is most trusted and its future will bright.
if you follow the history of Bitcoin then I'm sure you won't hesitate to recommend Bitcoin to your friends and even your family,
yes, Bitcoin in my opinion is indeed one of the wonders of the world because it's only from a programming code and then turns into something of value,
of course this is which makes Bitcoin or crypto currency unique, especially now that decentralization is increasingly needed by the world and Blockchain is the answer,
so believe that Bitcoin will change the world.
Not just follow but also if you have a good experience with it because there are some who follows BTC but are not successful on building a good wealth. I doubt these people will ever recommend BTC to their family or friends but if they are the ones who are being encouraged, they will hardly change their minds anymore.yes, Bitcoin in my opinion is indeed one of the wonders of the world because it's only from a programming code and then turns into something of value,
of course this is which makes Bitcoin or crypto currency unique, especially now that decentralization is increasingly needed by the world and Blockchain is the answer,
so believe that Bitcoin will change the world.
BTC isn't created from just a simple code because if it is then anyone can create their own BTC and it won't be valuable as much as it has now. Being decentralized is I think in the crypto and not in the blockchain because CBDC which are centralized currency do also runs in the blockchain. I'm a BTC enthusiast but I don't think BTC can change the world. That's a big obligation already. BTC can only change our life.
The number of users continues to increase proves that bitcoin is a trusted asset, if there is a security hole then everyone will not keep bitcoins, the daily transaction volume can reach $ 20 billion proves that the bitcoin security system is very good, but I believe that one day there will be a program who can hack bitcoins because no system is perfect.
Bitcoin has been around for about 14 years and until now there has not been found a major case that threatens the bitcoin security system, the algorithm created by bitcoin has been designed from hacking so that it will make bitcoin trustworthy, it is only natural that bitcoin is increasingly popular and the number of users globally continues to increase.
Based on the age Bitcoin is now, showed that what people are thinking about Bitcoin to crash to zero level will not happen again because Bitcoin still remain the king among other cryptocurrencies, which it will be difficult for Bitcoin to crash like other cryptocurrencies industries. You can show your friend where Bitcoin started from before it became popular to the whole world, that is making people to do everything possible to ensure they invest in Bitcoin to have something good to achieve in future. I believe, with time he will definitely know that Bitcoin will not crash like other cryptocurrencies than to embrace his opportunity on time so that he will not regret when Bitcoin increase higher.
When we're introducing bitcoin to someone who is close to us we need to teach them, and we should request them to analyse and take decision when it comes to buying and selling of bitcoin and other cryptocurrencies. As we've got risk with investments here the risk is high so is the profiting and loss. One need to understand it in the right way and automatically they'll trust it. Going through the charts too a better way to understand the market and trust it.
They will understand very well but whenever they face loss they will starting blaming you because lossing money hurts everyone. I think if a person is interesting in bitcoin investment then he will surely make a decision in positive direction but if he is not interested then after loss he will put his wrong decision on you.
The way is simple to teach everyone and then tell him about the risk and if unfortunately he does not succeeded in future so he will not blame you because the market is volatile.
That's why I almost don't want to share or give bitcoin investment advice to anyone, not even my close friends. Because just related to money and losing money will cause a lot of negative things, even though they know it's not our fault, but because of anger when losing money, they will find ways to blame us.
I will not teach or advise them anything, if they want to learn about bitcoin, I can only provide the necessary material and knowledge, and they need to figure things out independently and make their own decisions.
Bitcoin is still trusted until now because it continues to be developed by many companies, various reports say that there are many large companies that will present bitcoin better so that it can become a global currency, of course it needs processes and regulations so that bitcoin is increasingly recognized and accepted throughout the world.
Bitcoin is a peer-to-peer network. It is the most secure and secure way to store and transact information. In the long run, it is important to keep your information safe and secure. This is the reason why many people are investing in Bitcoin. There are many factors that affect One of them is the. The volatility of the market is an important factor in the price of Bitcoin.
Relating your answer to the questions of op, I think it did not have a perfect match through your answers, can bitcoin be trusted, bitcoin is a digital currency and can be also be said that bitcoin is virtual currency that you can not touch but you see the digital figures, but in the aspect of trusted, bitcoin is a technology and a technology can collapse at any point in time, which its the nature of bitcoin, but the aspect of cryptocurrencies, among other cryptocurrencies, bitcoin is the most preferable one in cryptocurrency because of its volatility and potentialities, so bitcoin doesn't have lost of value like any other coins that can't withstand the pressure of long bearish market, and sometimes those coins that doesn't have values die off during bearish time. Jump to: