Can Bitcoin be trusted? - page 9. | Bitcointalksearch.org

Dickiy

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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.

I don't think you should force them to join this forum to know all about bitcoin, I know your intentions are very good in this regard but it is not your obligation to insist that your beliefs are correct in this context. The thing that I think is the smartest in telling him you have to have a better life than those who reject bitcoin in him, I think they will come naturally and be interested in what you do in your process so that it reaches the point that person expects.
Speaking of context, everything will definitely have a crash, be it stocks, precious metals and others and as we can see bitcoin crashes several times and in the end it returns to its highest position and even makes the latest ATH in each of its cycles.

gunhell16

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There are many reasons why I trust bitcoin, first of all it gives me income, and it also helps me to pay my bills without hassle
and sending money in any place of the world now.

In addition to this, it also gives me savings for the future, secondly, a lot of well-known businessmen and companies have accepted the bitcoin concept because of the blockchain technology it brings and others.

Don Pedro Dinero

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The OP's question seems like a joke.

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

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 by crash you mean that the value goes to 0, it won't happen. Maybe 10 years ago it was a more real possibility, but with how widespread it is today there is no way.

You also have to learn, and explain to your friend, that bitcoin is different from other altcoins, and the SEC has recently recognised this, making it clear that bitcoin is a commodity and other securities. Bitcoin is like gold, while altcoins are like securities issued by a company.

If by crash, however, you mean sharp price drops, bitcoin is not free of that, as we have seen in the last year, but then it also has extraordinary rises that compensate for the drop and more.

peter0425

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Quote from: bounceback on February 24, 2023, 10:48:02 AM

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

-snip-
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 is also like Crypto in general where price movements are determined by the market,

Wait mate but WHAT? Bitcoin is a CRYPTO and not General alike lol.

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

I mean for example when the market is in a bearish period it will make bitcoin prices fall because it is usually caused by panic selling factors which make prices fall,

but bitcoin is at least may rise sooner and climb higher comparing to shitcoin that you are pointing , and besides they are all cryptocurrency but bitcoin is the top and secure.

Quote

but if you invest in bitcoin for the long term you will not you need to worry about the price of bitcoin falling, because so far bitcoin has been proven to be able to bounce back every time it goes down and when a bull market occurs there is a possibility that the price will experience a massive pump and can bring bitcoin to a new ATH.

bitcoin or Ethereum are both safe , so diversify your investment and that is better.

Silberman

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Quote from: Reatim on February 22, 2023, 11:25:03 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.

You don't have to convince him , for what? what if He is right that bitcoin will collapse ? then you will be the one taking all the blame? let him learn how and what bitcoin is ,. if he is truly to be inside crypto then let time bring that mate , we cannot please everybody as we cannot force them to invest in what we are believing , it is their money and it is their decision.

Yes, even if we are convinced that we have taken the right decision by adopting bitcoin, we cannot really force anyone else to take the same decision we have taken, it is better for each person to realize on their own that adopting bitcoin is a good decision for them, now this could mean they could adopt bitcoin many years later and miss several bull markets, but that is on them, at the time they will lament the fact that they did not adopt bitcoin earlier but the truth is that they were simply not ready to do it back then.

yudi09

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Quote from: justdimin on February 25, 2023, 12:56:44 AM

Quote from: yudi09 on February 23, 2023, 08:59:18 PM

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

Oh yeah. Bitcoin is very trustworthy.

What was the first answer you gave when your friend asked you that question? We want to know too.

Bitcoin has crashed and if you gave him the answer that Bitcoin has never crashed, then you need to go to him again and give him the answer that Bitcoin has crashed in 2018 and 2021.
You need a broader understanding and knowledge to know before you try to convince others. Because it will be fatal if the person you are trying to convince knows more about what you are trying to convince.

Bitcoin crashing is not even a question anymore, it is a proven thing that it will always crash and it is normal for it to crash. Something that goes up as much as bitcoin does, will eventually crash no matter what because it gets too big at the highest levels and that is just a normal thing to see when you are investing. I know that it is not a happy thought that it will eventually crash, but after every new ATH we end up with a new crash.

OP could tell their friend that it will not crash anytime soon and it will go up first, but eventually it will crash again one day, and a big one at that, at least 50%+ crash, it just has to happen in order for market to have this cycle.

It is also necessary for the OP to convey how volatile the crypto market is in addition to explaining the greatness of Bitcoin that makes it the best asset for investment.
If they only convey how the benefits for the sake of the benefits that will be obtained, we fear that they will blame the person who conveyed when something unexpected happens later. This may sound general, but I think it's necessary.

I think you're right that the OP needs to convey how the crash and rebound cycles have been so far.

justdimin

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Quote from: yudi09 on February 23, 2023, 08:59:18 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.

Oh yeah. Bitcoin is very trustworthy.

What was the first answer you gave when your friend asked you that question? We want to know too.

Bitcoin has crashed and if you gave him the answer that Bitcoin has never crashed, then you need to go to him again and give him the answer that Bitcoin has crashed in 2018 and 2021.
You need a broader understanding and knowledge to know before you try to convince others. Because it will be fatal if the person you are trying to convince knows more about what you are trying to convince.

Bitcoin crashing is not even a question anymore, it is a proven thing that it will always crash and it is normal for it to crash. Something that goes up as much as bitcoin does, will eventually crash no matter what because it gets too big at the highest levels and that is just a normal thing to see when you are investing. I know that it is not a happy thought that it will eventually crash, but after every new ATH we end up with a new crash.

OP could tell their friend that it will not crash anytime soon and it will go up first, but eventually it will crash again one day, and a big one at that, at least 50%+ crash, it just has to happen in order for market to have this cycle.

yhiaali3

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There is a lot to be said on this topic, but if you are a beginner and don't know much about bitcoin the best way to impress your friend is to let him look at the history of bitcoin, or the price chart.

He can easily see how many times the price of Bitcoin has fallen and then came back after a period much stronger than it was before.

He will also easily see that Bitcoin has one bullish trend in the long term, only this one thing apart from all the other big advantages of Bitcoin can give your friend confidence.

AnonBitCoiner

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bitcoin is always a top priority token in cryptocurrency industry if a person doesn't want to invest then surely he is not interested or may be he did not have any idea about crypto trading. Everyone is familiar with the fact that bitcoin never dies because after crashes it comes back to its higher price.

One more thing is that you also have no idea about it so how will you show him that bitcoin is a good opportunity to enhance cost of your money. You should properly get knowledge about it then you will easily tell him that why it's important to put money into it.

In previous year bitcoin price reduction occurs so we cannot say that bitcoin will not face any crash although we can say that reduction in cost occurs but it cannot be extinct like the other coins. You can see the history that how bitcoin makes the people Millionaire. It is the only token which never ends and if hold for lengthy time then it will makes its holder happy by giving them huge income in return.

bounceback

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

-snip-
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 is also like Crypto in general where price movements are determined by the market, I mean for example when the market is in a bearish period it will make bitcoin prices fall because it is usually caused by panic selling factors which make prices fall, but if you invest in bitcoin for the long term you will not you need to worry about the price of bitcoin falling, because so far bitcoin has been proven to be able to bounce back every time it goes down and when a bull market occurs there is a possibility that the price will experience a massive pump and can bring bitcoin to a new ATH.

Halime Anatolia

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My views may not be very specific but Bitcoin is digital money, and it revolutionized the way money works. You can switch between currencies in seconds, from anywhere in the world. Transaction fees are negligible, allowing even the smallest transactions to be completed without sacrificing funds. It can't be counterfeited, stolen, or hacked and practically impossible to counterfeit. The possibilities of Bitcoin are truly limitless, and people around the world are already reaping the benefits

Hypnosis00

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@OP, you don't need to become doubtful about the capability of Bitcoin. It has already been proven, early investors are still here to continue investing in Bitcoin because of the trust. We can't put in question with that.

Quote from: Sebas.tian on February 22, 2023, 11:50:07 PM

I don't think, Bitcoin price will crash this year like the way it crash last year that made many traders to experience bearish season through out the year. This year 2023, I think Bitcoin price will pump higher till 2024 ending before it will crash to allow both long term traders and short term traders to buy Bitcoin and hold for another bullish to come before they can sell to make a huge amount of money from their investments. Investing in Bitcoin is more favourable than others cryptocurrencies because whenever Bitcoin price is pumping other cryptocurrencies will be pumping too.

We have been done with the bottom already, that is what I see. And base on the previous bear season, it usually takes a year before it recovers and it was already been 1 year past, so I think this year the price of Bitcoin will start to increase just like what happened in the previous years. Accumulations seem to continue until before the next bull season, it still has enough time to get prepared and fill our bag.

yudi09

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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.

Oh yeah. Bitcoin is very trustworthy.

What was the first answer you gave when your friend asked you that question? We want to know too.

Bitcoin has crashed and if you gave him the answer that Bitcoin has never crashed, then you need to go to him again and give him the answer that Bitcoin has crashed in 2018 and 2021.
You need a broader understanding and knowledge to know before you try to convince others. Because it will be fatal if the person you are trying to convince knows more about what you are trying to convince.

bitterguy28

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Quote from: AmoreJaz on February 23, 2023, 06:53:28 PM

Quote from: Captain Corporate on February 23, 2023, 04:37:00 PM

The point is not even if it will crash or not, it is about the long term benefits of it. If you are not entirely certain about investing into bitcoin, then do not invest into it. If you think that a crash would dissuade you from investing then you should avoid it. I have been here for 3 big crashes, all of which was bigger than %80 price drops, and for me they were alright because I knew that it would recover, if you can't trust bitcoin even after a %80 drop in price, then do not invest into it. If you want to invest, learn that its going to drop time to time, maybe not now, but it will happen again in the future, and you should be able to profit from those drops.

from the OP's situation, he doesn't need to convince a person who is not willing to listen. better mind his own business because if something goes wrong with his funds, he will blame him. in this market, much better if you just mind your own, rather than convincing anyone to invest on this market. they should invest here voluntarily and know the risks they are getting into.

that is right about this , because look at His post !! OP seems to be a less knowledge in Bitcoin so who is He to advise others about investing in bitcoin if Himself had a doubt about this?
he better learn and study first and then after maybe try to convince His friend but for now? i hate to say this that he does not worth being lurer of bitcoin.

goinmerry

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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.

There would be no crash that will happen overnight.

No one can convince you if bitcoin is trusted but it's all about you. Do your DYOR and conclude things after that.

Even if we say Bitcoin can be trusted, will you trust us? Therefore, make your own research rather than depending on other's statement.

AmoreJaz

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Quote from: Captain Corporate on February 23, 2023, 04:37:00 PM

The point is not even if it will crash or not, it is about the long term benefits of it. If you are not entirely certain about investing into bitcoin, then do not invest into it. If you think that a crash would dissuade you from investing then you should avoid it. I have been here for 3 big crashes, all of which was bigger than %80 price drops, and for me they were alright because I knew that it would recover, if you can't trust bitcoin even after a %80 drop in price, then do not invest into it. If you want to invest, learn that its going to drop time to time, maybe not now, but it will happen again in the future, and you should be able to profit from those drops.

from the OP's situation, he doesn't need to convince a person who is not willing to listen. better mind his own business because if something goes wrong with his funds, he will blame him. in this market, much better if you just mind your own, rather than convincing anyone to invest on this market. they should invest here voluntarily and know the risks they are getting into.

Lanatsa

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Quote from: Davian144 on February 23, 2023, 05:21:01 PM

Quote from: Fara Chan on February 20, 2023, 06:35:58 PM

Bitcoin has already experienced a Crash and this happened in 2018 and crossed two years later, at that time Bitcoin was experiencing a drastic increase and highlighted the public, and Crash happened in that year even though this was a big crash but it would not bring Bitcoin Value to 0, now this current state of the market is the result of the Bitcoin Crash, but even so, there are still many individuals who invest and even those who flock to get Bitcoin to start investing, because they believe Bitcoin will recover, increase soaring to a higher price.

The Bitcoin crash in the market that happened in 2018 and also in the past year is a normal thing that is affected by certain consequences and that is definitely not a reason for Bitcoin to be 0. Because as everyone can see now where at the beginning of this year until now Bitcoin still able to recover slowly to a better price and profit opportunities for people who buy at low prices are also greater this year even though Bitcoin will not make its new ATH immediately this year.

Majority of people specially noobs or to those who are just new on which they do believe that this market does really have that continous price increase or rising when it comes to its behavior which is really that

very wrong.Sooner or later they would be able to realize on what it would be and on the time that reality had slapped their faces then this is where they do really go back into that realistic approach.It is really just

not surprising that people would be having this kind of approach.Going back on topic if Bitcoin could be trusted? Yes it is but dont put up 100% or going all in with investing.
We dont know on what would the future looks like.

Davian144

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Quote from: Fara Chan on February 20, 2023, 06:35:58 PM

Bitcoin has already experienced a Crash and this happened in 2018 and crossed two years later, at that time Bitcoin was experiencing a drastic increase and highlighted the public, and Crash happened in that year even though this was a big crash but it would not bring Bitcoin Value to 0, now this current state of the market is the result of the Bitcoin Crash, but even so, there are still many individuals who invest and even those who flock to get Bitcoin to start investing, because they believe Bitcoin will recover, increase soaring to a higher price.

The Bitcoin crash in the market that happened in 2018 and also in the past year is a normal thing that is affected by certain consequences and that is definitely not a reason for Bitcoin to be 0. Because as everyone can see now where at the beginning of this year until now Bitcoin still able to recover slowly to a better price and profit opportunities for people who buy at low prices are also greater this year even though Bitcoin will not make its new ATH immediately this year.

Captain Corporate

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The point is not even if it will crash or not, it is about the long term benefits of it. If you are not entirely certain about investing into bitcoin, then do not invest into it. If you think that a crash would dissuade you from investing then you should avoid it. I have been here for 3 big crashes, all of which was bigger than %80 price drops, and for me they were alright because I knew that it would recover, if you can't trust bitcoin even after a %80 drop in price, then do not invest into it. If you want to invest, learn that its going to drop time to time, maybe not now, but it will happen again in the future, and you should be able to profit from those drops.

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Quote from: Sebas.tian on February 22, 2023, 11:50:07 PM

I don't think, Bitcoin price will crash this year like the way it crash last year that made many traders to experience bearish season through out the year. This year 2023, I think Bitcoin price will pump higher till 2024 ending before it will crash to allow both long term traders and short term traders to buy Bitcoin and hold for another bullish to come before they can sell to make a huge amount of money from their investments. Investing in Bitcoin is more favourable than others cryptocurrencies because whenever Bitcoin price is pumping other cryptocurrencies will be pumping too.

I agree with this, I do not think that it will crash at all, not this year at least. We have a cycle which goes round and round and one day it will go up, and then it will crash, then go up again and so forth, it will keep doing that.

I believe that we already gone down enough, it has been over a year of us going down and I believe that we are going to end up doing something much better at the current stage in the long run, it is not going to be an easy decision at all, but it would be something that could take a while in the long run as well. I am not saying it should be something much higher, doesn't need to break ATH, but it will not be any lower than 2022 for sure.

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