Topic: Do we still believe in Bitcoin? - page 22. (Read 4109 times)

It depends how you see Crypto as, for a short term goal or a long one. Even as a currency a stable coin, to support this it needs investment throughout ups and downs.

With some curiousness, looking into data of BTC[XBT] hodlers as of now, however the outcome was not convincing and driven me to put across here in this form.

As bitcoin is largest in market capitalisation, with self declaration by people as decentralised who backing and keep interest in, either to monetise or for business purposes.

If anyone deep dive in the pattern of BTC[XBT] hodlers with respect to addresses, it is greatly concentrated within the hands of few heads and hands.
People who given hearts to bitcoin, which was launched at right time of chaos in financial world and was silent for almost 10 years in underground garage without making noise to make itself headliner as it gained attention these days!.

Facts at the time written this note:

BTC in Circulation :      17,389,942
Market Capitalization:    $75,673,612,901 USD
1 BTC =    $4351.57 USD
Wealth Distribution
Top 10/100/1,000/10,000   5.34% / 18.85% / 35.84% / 57.96% 

Do anyone believe 35.84% is in 1000 addresses?
Those 1000 addresses could be of just 500 people with 2 addresses at-least !! and number of people goes down if the probability of more than 2 increases to 3 or more addresses.

Also, it is just unbelievable that 57.96% is in just 10,000 addresses. What is that bitcoin is claiming about unfair economy out there that central bank and governments across world is playing in? Or shouts across the streets made by researchers that just 1% top of pyramid holding 90% of financial assets of the world.

According to my belief, later is far better than bitcoin thing where anonymous playing the shadow game of physiological where as conventional economy of fiat is just taking care of billions people mouth feeding and keeping hands busy working for some creativity, inventions or discoveries. Not to the crappy clicks of faucets pushing people to starve and hunger, because people are weak in mathematics and just do not understand the power of weight-age to the decimal places.

Also people just not having understood power of derivative products like Futures and Options either in conventional stock market or how it is playing in bitcoin as well.

I welcome the statement made by SEC that actually there is not exist any thing called “bitcoin”. Hope Governments across the world are struck down heavily with regulations to make it difficulty to deal with bitcoins of the world.

Lets enjoy the experience and any fascinating out come of contribution to conventional economy if comes!.  

I still believe in bitcoin. As someone else says it's just a short time, And again we'll see higher prices.

At the moment we take advantage of the cheap price of bitcoin because it will be the key to recovering our losses. Purchase a lot of bitcoins. Because this is our last chance and we can not see this price again.

The cryptos have given me a lot not to believe in them since I read the whitepaper of bitcoin was enchanted with the vision of Satoshi, and so far has not disappointed me, it is true that dips can be demotivating, but we must remember why we are here and the real objective of bitcoin.

Honestly I do not think there is any reason not to believe in the bitcoin,or to lose faith Just yet, there is nothing novel/new that we haven't experienced before,the price has fallen and risen a million times already in ten years..
It still doesn't change the fact that the bitcoin is a phenomenal success and there is actually no gainsaying that fact...
Despite what the market price reads,ill still believe in the bitcoin,at least for what it's achieved in the past

Of course, making a decision is an action that is in accordance with the research of every person who makes an investment. What they are looking for or learning, of course they want what can benefit from the results of their investment.

Bitcoin is a part of the wild crypto industry and volatility is not new for the market at all. Even such topics are not new to this forum whenever there is a fall in the price of Bitcoin in the market. I believe that Bitcoin and cryptocurrency and we will see the sustainable growth of the industry over the period of time. There is nothing to worry in such a scenario as it is a good opportunity for those who are willing to get involved with it.

You are definitely right , in this kind of situation the only thing we need to do is to study the things we have to do in able to make wise decisions. You cant just earn money in bitcoin , you need to work hard and be patient , you need to make decision.

Yeah i believe in the coming back of bitcoin. Most people have lost hope in bitcoin thinking that it is going to crush and this has brought a whole lot of panic and fear in the crypto community but one thing hat most people fail to recognize is that this trend is very common with bitcoin. We saw this trend way back in 2014 and yet most people are still scared. Bitcoin will rise all over again so don't sell cheap.

Bitcoin investment is very profitable in recent years, it is only natural that many investors begin to look at this investment, but Bitcoin must be balanced with its use in real life as a currency for legitimate payments so that Bitcoin will continue to live.

A good basis for those who still don't know how Bitcoin works, this is a game where long term holders are the one who really enjoyed after making an entry when the value are really falling too hard, seeing this history will give a glimpse of possible outcome after you start accomulating and holding coins then wait for the big bounce back.

 Yes, i still believe on Bitcoin, crypto market is never been active as before, we know that somewhere, somehow, we will experience the ups and down on the market of crypto currency as posted, Some country in EUROPE are now open for Crypto currency digital transaction, i am optimistic that some country will follow thru after they resolved the issue on Regulation by government financial institution. i am looking forward that Bitcoin will be accepted to be the New Digital Currency globally...

Yes indeed, I strongly believe in cryptocurrancy. Because they have potential prospects of profits. All you have to do is choose the right cryptocurrancy at the right time. Due to its large profits, the countries around the world have adopted it today. All intellectuals, who know about crypto currency, have adopted it all. Given its large profits, it has become so famous in such time. Today the research is continuing around the world. There are other reasons too for deep trust in the crypto currency.

I still believe in bitcoin.I think this whole mass just shows its potential and what would people or any other organisation would do to control it.But it also shows its weaknesses.Two billionars are fighting and this happens.What would happen if govenrnments really tried to destroy it rather than control it.

I believe in cryptocurrency. I also believe in Bitcoin. In fact, as many say, it's the standard against which other cryptocurrency coins are measured. And of course, it's the original cryptocurrency. Long live Bitcoin.

Crypto users are happy for the crypto intro to the world and now in these days still they are doing work for that and crypto market is down because many short term investors have available in the market and the whole market manipulated due to this reason, I believe that crypto is the best currency for today life and in future too i prefer to pay in crypto rather than paying money in cash.

I still believe, because there are still many people who invest and seek profits and profits in terms of buying and selling in bitcoin and crypto.

We need to understand the 'High-Risk Investment' concept. If we want to place a bet on the secure way, then let search low-risk investments like banks and make the 3% in one year. If we want to hit the moon we can go with cryptos, but since it's high-risk we can lose a big piece of cake. Is just a bet where we will go big or go home. In the end, patience is the key.

I believe in Bitcoin not because to get more profits or get wealth from bitcoin. I am interested in this technology as an alternative payment. Besides that, it makes me very interested in adopting it because Bitcoin is designed to break the current economic order that is controlled by the government and supported by the banking system.

what has changed apart from the price not going up?
absolutely nothing!

bitcoin is still the same decentralized currency that works permissionless and boarderless. it still has the same cap which makes it scarce. it is still working fine and the adoption is ongoing. so why should I change my opinion about something that has not changed?
price isn't all bitcoin is about! price is only a small part of it. and the short term price is irrelevant in the bigger scheme of things.