Do you trust bitcoin holders? | Bitcointalksearch.org

nullama

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Quote from: Betwrong on June 11, 2024, 02:38:37 AM

~snip~
Ever. No one was reliable ever, if you think of it.

If you ask someone is he a Bitcion Hodler, you can never be sure about sincerity of his answer. Same happens when we tell someone that we have some Bitcoin. They just don't believe us, that's all.

But what we know for sure is that there are more than 200 million Bitcoin owners around the world. Is it a tiny number? I wouldn't say so. But I think it's still ten times less than what we'll see in several years. And I want to say that I trust those potential Bitcoin holders too.

You can only estimate the number of people that own Bitcoin.

You can know for certain the amount of active addresses, but that is not an indication of the number of people.

One person can have multiple addresses (any modern wallet does this), and multiple people can share a single address (an exchange for example).

So, it's not really easy to estimate how many people hold Bitcoin.

wez

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Quote from: Cryptomultiplier on June 08, 2024, 04:36:19 AM

Quote from: wez on May 07, 2024, 05:45:34 PM

Since bitcoin promotes mostly anti-government, banks, etc.

I am wondering; Do you trust bitcoin holders?

I will hit the nail on the head and state that a Bitcoin holder is as disciplined as a shaolin monk and in showing such dexterity in handling their finance to the point where they amass more wealth than can be imagined, what's there not to trust in such an ability that seems to elude many newbies and even oldies finding it hard to hold their coins.
I would even trust a Bitcoin holder to be my president because it would mean that such a person can efficiently handle the finance of the country without spending or using funds in various unscrupulous manner.

Betwrong

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Quote from: GbitG on June 07, 2024, 06:59:18 PM

~ The rest, if someone says to show to confirm whether you are a Bitcion Hodler or not, then I have the same opponion that profit or loss is mine, if I lie or tell the truth, it doesn't matter to me, so if It would be better not to tell him whether you are a Bitcion Hodler or not. Because no one is reliable in today's time.

Ever. No one was reliable ever, if you think of it.

If you ask someone is he a Bitcion Hodler, you can never be sure about sincerity of his answer. Same happens when we tell someone that we have some Bitcoin. They just don't believe us, that's all.

But what we know for sure is that there are more than 200 million Bitcoin owners around the world. Is it a tiny number? I wouldn't say so. But I think it's still ten times less than what we'll see in several years. And I want to say that I trust those potential Bitcoin holders too.

Cryptomultiplier

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Quote from: wez on May 07, 2024, 05:45:34 PM

Since bitcoin promotes mostly anti-government, banks, etc.

I am wondering; Do you trust bitcoin holders?

I will hit the nail on the head and state that a Bitcoin holder is as disciplined as a shaolin monk and in showing such dexterity in handling their finance to the point where they amass more wealth than can be imagined, what's there not to trust in such an ability that seems to elude many newbies and even oldies finding it hard to hold their coins.
I would even trust a Bitcoin holder to be my president because it would mean that such a person can efficiently handle the finance of the country without spending or using funds in various unscrupulous manner.

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Quote from: uchegod-21 on June 07, 2024, 02:05:41 PM

Quote from: wez on May 07, 2024, 05:45:34 PM

Since bitcoin promotes mostly anti-government, banks, etc.

I am wondering; Do you trust bitcoin holders?

Does bitcoin truly promote anti-government and banks? According to CryptopreneurBrainboss, they will sell you a story line to control your beliefs and actions. If anyone ever desires to know what bitcoin is all about, the best place to get the first hand information is the bitcoin whitepaper. In the bitcoin whitepaper, Satoshi didn't state that the purpose of bitcoin is to fight the government and the banks, rather he created a system that will give everyone alternatives to what is in existence. Alternative means option to choose, which means liberty or freedom as anyone can say it. So, let's forget about the government's story line and pursue the main purpose of bitcoin.

I've also said this many times bitcoin was never created to oppose or try to replace fiat or banks. But it seems there are still a lot of people who have that misconception and are still spreading it, causing misunderstanding between the government and bitcoin. Many people became so crazy about bitcoin that they began to have delusions that bitcoin would help them defeat the government's control over them. From there they thought that simply spreading these ideas would help them achieve their goals, but what they did caused misunderstandings to newbies, and even caused misunderstandings that made the government hate Bitcoin.

I don't know when the notion that bitcoin was created to replace fiat, to replace the banking system, will stop, because that's not the purpose of bitcoin. This spreading of false knowledge has never made bitcoin better than many people thought it was.

kotajikikox

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Quote from: khalidkhan82118 on May 28, 2024, 03:45:07 AM

Quote from: wez on May 07, 2024, 05:45:34 PM

Since bitcoin promotes mostly anti-government, banks, etc.

I am wondering; Do you trust bitcoin holders?

Trusting Bitcoin holders can be a complex issue. While many Bitcoin enthusiasts are advocates for financial independence and privacy, it’s important to recognize that individuals' motivations and behaviors can vary widely. It might be more helpful to focus on the technology and principles behind Bitcoin rather than generalizing about all holders.

We do not control bitcoin and neither does bitcoin control us.

The real question should have been do you trust bitcoin? which would have made more sense. Bitcoin holders are all different and bitcoin can be used according to what their goals and objectives are. Being associated to bitcoin should not mean that a person is inherently bad or evil. I believe bitcoin has some sense of neutrality to it and it depends on a person whether they can use it for the worse or for the better.

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Quote from: Pandu Geddon on June 07, 2024, 11:18:42 AM

Quote from: Zanab247 on June 07, 2024, 10:58:52 AM

But those countries BTC is not legalize, it will be difficult for BTC users to show up that they are hodlers or come out publicly to spread about BTC,

Why show that you are a Bitcoin holder? Even if you are in a country where Bitcoin is legal, you shouldn't do it. it won't be good enough for you.
we cannot trust Bitcoin holders one hundred percent. we cannot convince ourselves that those who have tens to hundreds of Bitcoins in their wallets will not sell the Bitcoins they hold for a long time. but as long as market capabilities are still strong, that won't be a problem.

Yep mate I am preciously agreeing with you that we should need to show up Bitcoin for people that we are Bitcoin Hodler because Because there are many people who are desperate to know how to find someone who has Bitcoin to hack it. My own belief is that if a person is a Bitcoin hodler, then it is not mandatory for him to show people that he has Bitcoin, or that I am a Bitcoin hodler, etc. He has his own assets. If he wants to show it to someone, it is his will and if he does not want to show it, then there is no compulsion on him. However, my opinion is that it is better not to show it to anyone because no one can be trusted, not even the people on the forum.

The rest, if someone says to show to confirm whether you are a Bitcion Hodler or not, then I have the same opponion that profit or loss is mine, if I lie or tell the truth, it doesn't matter to me, so if It would be better not to tell him whether you are a Bitcion Hodler or not. Because no one is reliable in today's time.

uchegod-21

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Quote from: wez on May 07, 2024, 05:45:34 PM

Since bitcoin promotes mostly anti-government, banks, etc.

I am wondering; Do you trust bitcoin holders?

Does bitcoin truly promote anti-government and banks? According to CryptopreneurBrainboss, they will sell you a story line to control your beliefs and actions. If anyone ever desires to know what bitcoin is all about, the best place to get the first hand information is the bitcoin whitepaper. In the bitcoin whitepaper, Satoshi didn't state that the purpose of bitcoin is to fight the government and the banks, rather he created a system that will give everyone alternatives to what is in existence. Alternative means option to choose, which means liberty or freedom as anyone can say it. So, let's forget about the government's story line and pursue the main purpose of bitcoin.

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Quote from: Abu-Naim on June 03, 2024, 05:05:53 AM

Quote from: Jon_Hodl on June 03, 2024, 04:35:27 AM

I don't fully trust anyone but myself I don't need to trust bitcoin hodlers because bitcoin is for enemies. As long as someone has bitcoin on-chain, then they are contributing to Bitcoin's network effect as well as supporting the price floor.

All I need to focus on is stacking as many sats as I possibly can and helping my loved ones do the same. If I am even remotely successful, it's only a matter of time before an intolerant minority of us bitcoin users all gain immense amounts of freedom and sovereignty.

I am trying to avoid the noise like the ETF and just focusing on stacking and living my best life until bitcoin pushes its way into every news headline in the world again.

Why the hate on Bitcoin holders and why call them enemies and you also hold or stake bitcoin?

I think only the whales do affect the market by manipulating the market which most time lead to the network congestion, and the ETF stuff that certainly raise the transaction fee due to congestion. Holders are also not happy with the too much network congestion because it will cause them high whenever they wants to send their bitcoin out.

Only people that hate bitcoin because they like centralized systems are to be referred as Bitcoin enemies and not the holders because the holders trust the process which is they are holding for long.

I agree with your opinion. We should not be hostile to bitcoin holders because they also definitely believe that bitcoin is an asset of the future, it's just that we don't need to trust bitcoin holders, therefore it is important for us before investing in bitcoin, we must do so. do independent research, learn more about the basics of bitcoin and study the history of bitcoin. That way we have confidence in Bitcoin and of course trust in the process.

Because bitcoin holders also take part in the rise and fall of bitcoin prices, especially whales and ETFs as you said. Just look, every time the price goes up, there will be congestion and even transaction costs will also go up. The point is in investing in bitcoin, don't trust anyone other than yourself, but also don't be hostile to bitcoin holders, especially the government which clearly wants to prevent bitcoin by wanting to control bitcoin, but in reality it also fails. So it is not surprising that Bitcoin seems anti-government and banks.

Pandu Geddon

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Quote from: Zanab247 on June 07, 2024, 10:58:52 AM

But those countries BTC is not legalize, it will be difficult for BTC users to show up that they are hodlers or come out publicly to spread about BTC,

Why show that you are a Bitcoin holder? Even if you are in a country where Bitcoin is legal, you shouldn't do it. it won't be good enough for you.
we cannot trust Bitcoin holders one hundred percent. we cannot convince ourselves that those who have tens to hundreds of Bitcoins in their wallets will not sell the Bitcoins they hold for a long time. but as long as market capabilities are still strong, that won't be a problem.

Quote from: Zanab247 on June 07, 2024, 10:58:52 AM

This current ATH that happened early this year in the industry, make many countries to believed that BTC is a good thing for the government to adopt so that it will develop the countries more.

when countries do not accept Bitcoin and other crypto assets as payment alternatives. The government is aware that ownership of Bitcoin and crypto assets in its country is increasing. so they took a policy to designate Bitcoin and other crypto assets as digital investment assets. so the government can get benefits from taxes.

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Quote from: synchronym

Countries that have Bitcoin legality can invest in Bitcoin with confidence and are changing their own fortunes with this Bitcoin investment. But countries that are not into Bitcoin are also investing in Bitcoin with the help of the government. But if Bitcoin is legal in all countries, it will be a big news for those who use Bitcoin. Day by day bitcoin popularity is increasing day by day so the government of the country which declares bitcoin legality must consider bitcoin.

Country like El Salvador who was the first country that made BTC legal tender in their country, and there is no anti government in their country because the government supported the existence of BTC in the country before they make it legal tender for users to use it like the way they use fiat money in the country.

But those countries BTC is not legalize, it will be difficult for BTC users to show up that they are hodlers or come out publicly to spread about BTC, and they know that the government and bank work together to reduce the interest of BTC users because they know that is helping people to grow financially on be half of the government.

This current ATH that happened early this year in the industry, make many countries to believed that BTC is a good thing for the government to adopt so that it will develop the countries more.

Hopila

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Quote from: wez on May 07, 2024, 05:45:34 PM

Since bitcoin promotes mostly anti-government, banks, etc.

I am wondering; Do you trust bitcoin holders?

I have actually made my research and come to understand that Bitcoin doesn't really promote anti-government or whatever you think.

So for me,I think many Bitcoin holders are individuals or institutions who see value in the technology behind Bitcoin, such as blockchain, and view it as a store of value or investment opportunity. These holders may not necessarily have anti-government sentiments but rather see Bitcoin as a potential hedge against inflation or a diversification of their investment portfolio.

It is crucial to approach each situation with an open mind and consider the intentions and actions of individual Bitcoin holders rather than making generalizations based on preconceived notions. As with any financial transaction or interaction, it is essential to exercise caution, do thorough research, and take necessary precautions to protect your assets and interests.

nullama

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Quote from: Jon_Hodl on June 03, 2024, 04:35:27 AM

I don't fully trust anyone but myself I don't need to trust bitcoin hodlers because bitcoin is for enemies. As long as someone has bitcoin on-chain, then they are contributing to Bitcoin's network effect as well as supporting the price floor.

All I need to focus on is stacking as many sats as I possibly can and helping my loved ones do the same. If I am even remotely successful, it's only a matter of time before an intolerant minority of us bitcoin users all gain immense amounts of freedom and sovereignty.

I am trying to avoid the noise like the ETF and just focusing on stacking and living my best life until bitcoin pushes its way into every news headline in the world again.

That's the beauty of it. There's no need to trust anyone, because with Bitcoin you can verify everything yourself.

It's basically open source money. Similar to how you can see what's going on in open source software, you can see what's going on in Bitcoin.

For example, if you have a Bitcoin deposit in one of those big companies paying you interest for holding your Bitcoin, you can see that they will start moving your coins after a while, and yet still show you in their dashboard that you still have that money.

It's the same that banks do, they get your money and charge interest to others for lending your money.

Lidger

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We definitely need banks to do internal transactions so we cannot directly boycott banks. Yes I am a bitcoin user but I will need to transact in a place where they won't accept bitcoin transactions and they won't accept cash either they will only transact through bank transactions but we are forced to rely on banks.

The government should not impose such restrictions on Bitcoin users or Bitcoin investors but should make such rules that anyone can transact through any channel they want and anyone can transact through banks.
If most of the people of the country transact through Bitcoin, then it is a loss to the bank, but if the people of the country find it easier and cheaper to transact in Bitcoin than the bank, then I think the government should not interfere so much here.

There are some countries where all other digital currencies including Bitcoin are completely banned but still people from all these countries use Bitcoin. So since it is not possible to completely eliminate the use of Bitcoin, the government should not hinder users so much in this regard.

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Quote from: Jon_Hodl on June 03, 2024, 04:35:27 AM

I don't fully trust anyone but myself I don't need to trust bitcoin hodlers because bitcoin is for enemies. As long as someone has bitcoin on-chain, then they are contributing to Bitcoin's network effect as well as supporting the price floor.

All I need to focus on is stacking as many sats as I possibly can and helping my loved ones do the same. If I am even remotely successful, it's only a matter of time before an intolerant minority of us bitcoin users all gain immense amounts of freedom and sovereignty.

I am trying to avoid the noise like the ETF and just focusing on stacking and living my best life until bitcoin pushes its way into every news headline in the world again.

Why the hate on Bitcoin holders and why call them enemies and you also hold or stake bitcoin?

I think only the whales do affect the market by manipulating the market which most time lead to the network congestion, and the ETF stuff that certainly raise the transaction fee due to congestion. Holders are also not happy with the too much network congestion because it will cause them high whenever they wants to send their bitcoin out.

Only people that hate bitcoin because they like centralized systems are to be referred as Bitcoin enemies and not the holders because the holders trust the process which is they are holding for long.

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I don't fully trust anyone but myself I don't need to trust bitcoin hodlers because bitcoin is for enemies. As long as someone has bitcoin on-chain, then they are contributing to Bitcoin's network effect as well as supporting the price floor.

All I need to focus on is stacking as many sats as I possibly can and helping my loved ones do the same. If I am even remotely successful, it's only a matter of time before an intolerant minority of us bitcoin users all gain immense amounts of freedom and sovereignty.

I am trying to avoid the noise like the ETF and just focusing on stacking and living my best life until bitcoin pushes its way into every news headline in the world again.

Betwrong

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Quote from: nullama on May 28, 2024, 02:55:48 AM

Quote from: Betwrong on May 27, 2024, 04:02:16 AM

~

True.

At the end of the day Bitcoin, or any project, really is only successful if people use it.

If no one cared about Bitcoin, then it doesn't matter how brilliant it is.

That's right. I personally don't think the project as great as Bitcoin could be abandoned forever, but I do think that it could be postponed for 50 years or more. And we would not have it at our disposal yet.

Quote from: nullama on May 28, 2024, 02:55:48 AM

~ Literally you need a second person to run Bitcoin, it is impossible to do it by yourself.

Yeah, like many other good things too, Bitcoin needs supporters, and they are called "Bitcoin holders" in our case. Do we trust them? Yeah. In fact, we love them very much.

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Yes, of course I trust anything concerning Bitcoin it’s just because you don’t have a deep understanding about bitcoin, but it is OK so many people don’t trust Bitcoin and it’s not a problem and even some banks don’t accept bitcoin why someone accept bitcoin it’s more not just be Aunty government banks, because some government banks to accept it but one or two issues, and some charges may result and they won’t accept it. India means of transaction, some of these new banks that does not have a multiple building the address managing the charges so that’s why they accept

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Quote from: puloweh555 on May 28, 2024, 06:40:42 PM

Quote from: wez on May 07, 2024, 05:45:34 PM

Since bitcoin promotes mostly anti-government, banks, etc.

I am wondering; Do you trust bitcoin holders?

So true. We don't need to trust anyone to invest in Bitcoin because Bitcoin was created from a combination of technology, cryptography, peer to peer file sharing, and blockchain. So with the sophistication that exists in bitcoin, why would you doubt the superiority and future of bitcoin.

Bitcoin is freedom, and this is what everyone wants. So bitcoin does not depend on anyone, including the creator of bitcoin itself, let alone bitcoin holders. Trusting Bitcoin holders makes you doubt Bitcoin's superiority, which will influence your decisions. You need to learn more about the advantages of bitcoin so that you believe in bitcoin, not in its holders.

If we understand Bitcoin and have knowledge about it, we can draw conclusions so that we can easily respond to what is happening with Bitcoin. Many of them only chase profits without any basic knowledge, so they don't understand what is happening with Bitcoin, which ends up panic selling and feeling disappointed with Bitcoin. but that's what makes Bitcoin's price fluctuate. So that long-term profits, many people are starting to believe in Bitcoin

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Quote from: wez on May 07, 2024, 05:45:34 PM

Since bitcoin promotes mostly anti-government, banks, etc.

Why is it so sure that Bitcoin is mostly anti -government and not there is also the opposite that the government is quite anti -Bitcoin journey.
Then how are the results now and whether you see the impact of the two opposite each other and if that is true what has happened now.

You know the answer and maybe we need to think further about this opposite meaning because now the availability of information makes it easy to do.

Quote

I am wondering; Do you trust bitcoin holders?

I am far more confident in myself than having to trust others in terms of financial balance and this must be seen how the problem of bitcoin is only a personal decision in carrying out investment.
Holding bitcoin for what needs and you understand or not how bitcoin can make changes for financial problems. If you know that, the Bitcoin holder should be the right step to do by each individual.

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