Topic: Do you trust bitcoin holders? - page 2. (Read 1402 times)

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.

Promoting anti -government? Hey man. Bitcoin is an elctronik peer to peer cash system that makes payments easy without intermediaries or must go through third parties. Using the Bitcoin system allows people to get full control. What makes you think Bitcoin promotes anti-government, banks and others.

Submission of anti -government bitcon is only a sheep that is being carried out amidst the many people who find answers to what they want for their own money in freedom and high privacy.
In the use of Bitcoin as a currency, convenience without having to pay an ATM card, monthly cutting, transparent, is this what makes people think Bitcoin anti -bank?

It strongly believes that Bitcoin holders are intelligent people of their money.

Trusting the Bitcoin holders or not is simply not necessary for me, we should just do our thing and leave the rest to Bitcoin and the market speculation. By the way, if you have money in Bitcoin, you are a Bitcoin holder and no matter the amount you hold in it, it doesn't matter. Now, if you look at it critically, can you trust yourself, or can people trust you? You can see the question look somehow, it is baseless in my opinion. What matters is for us to focus on Bitcoin itself and not the actions of the holders or even the short-term buyers themselves because the investors of today may not be the holders of tomorrow, which is why the market could drop so rapidly at times, and it could happen to the tune of over $10,000 in selling in just 2 or 3 days.

Let's only do what the market is meant for. And like any other market, we should rather be the friend of our trading charts and not trust holders or even market news and events, and I can assure you if you know how to handle the chart reading and its interpretations very well that you will know the mind of the buyers and sellers of the market because the chart will always be revealing that to you. This is unless you are not a good chart reader which I advise anyone to learn since it will always be the best market guide the person will ever have and will help us stop relating relevance to what is irrelevant like the holders' remark in this context and also the external prediction reliance.

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.

They have to trust Bitcoin Holdings who have known about Bitcoin for a long time and have seen with their own eyes the new record ATH of Bitcoin. Only they can make a potential prediction about Bitcoin and almost everyone's prediction considers Bitcoin as a potential currency of the future. So I think almost everyone believes in holding Bitcoin. Because Bitcoin is the only coin in the crypto world that has no chance of being scammed. And its price is constantly increasing.  And even if the price falls, it is sure to recover

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.

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

If there were no such people, BTC won't be were it is now. Even the greatest projects can be ruined by the widespread distrust. They can't be ruined forever, though. Everything that is as good as Bitcoin eventually finds a way to take its rightful and well-deserved place at the forefront of advancements beneficial to humanity. But it could happen 50 years later and many good people would not have caught the train. And Bitcoin holders either in early days or today, they have helped it to happen just at the right time.

Bitcoin allows for pseudonymous transfer of money. It is not anonymous.

Basically every transaction has a unique identifier. If you somehow link your real world identity with that unique identifier, then your real identity is linked with that transaction.

For example, when you transfer from a centralized exchange into a wallet and then you send from that wallet to somewhere else using the same address, that's a clear link.

You also don't have to believe everything other people say before checking the truth, but it also doesn't matter if you personally want to believe what other people have kept for a long time. Because when you say that not everyone can be trusted, you already know where to judge that person from if you already know him well, but if you don't know him better it will also be difficult for you to trust him. But in cases like this, I don't think it's a problem if you want to immediately believe what the OP says because it's about what he once had and has kept until now.

Not anti-government at all. Government has lots of useful functions obviously. It's just not good for controlling money supply, and leaving the govt in control of money supply tends to cause lots of govt problems.

And banks perform lots of usesful services, but people should also be able to hold their own money and send their own money freely, rather than having to essentially ask banks permission to use their money and give up the authority of one's own money to a bank and ultimately govt.

Have people stopped investing in bitcoins where bitcoins are not legit, nor are they investing too. I couldn't agree more with you on this because people in countries where Bitcoin is not legal are also investing heavily in Bitcoin. There are many investors who have been able to change their fortunes and the fortunes of their families by earning money from their Bitcoin investments.

I am talking about our country our country has not legalized bitcoin yet there are countless bitcoin investors in this country who own many bitcoins. So what do you say about it. Investing Bitcoin in countries where Bitcoin is illegal does not mean going against the government or bank. A country's government can never guarantee people's money.

Hey I can't trust anyone with their bitcoin because they could fall out of love and sells of their bitcoin without your knowledge, maybe a
Government pressure or trying to limits it's holders they could feels so threaten and sells of their bitcoin just as what is happening our country today, government fighting against some centralized exchange that provides p2p trading and there could be a time where people would no longer feels secure of their investment since their may not be a way to sell it off from their hands and any little slight opportunities they could get panicked and sold off.

Going into bitcoin and investing on it does not mean that you are also trying to be against the government. The government cannot guarantee your financial stability so you have to find your own way and stick to bitcoin as long as it’s needed. But nevertheless, as much as you want to pursue with bitcoin, that won’t definitely mean that you’re becoming an anti-government in the process.

Being anonymous is one of the best features of Bitcoin. There is no one to trust but the catch is holders can manipulate the price since they have a large amount of BTC. So, do we trust them? We don't know the answer and I think we just need to pretend that we trust them since we don't really who they are.

Yep, i think same with you. They are the part of the Bitcoin Community that makes Bitcoin even more valuable. They hold Bitcoin, so they try to provide more value than some of the Bitcoin that is being traded today. So I consider them a community that has the same views and goals. Believe it? It's a little difficult to answer because your question is too abstract.

In one view I believe they believe that Bitcoin is a digital currency that has value. On the other hand, I'm not sure how these holders will be able to hold on to their Bitcoin, because I have a feeling that they will let go when they reach their target. So I need to be able to capitalize on that moment so that I don't get a loss.

The beauty of Bitcoin is that you don't have to trust anyone, you can always verify.

Bitcoin is independent of any single person, even Satoshi Nakamoto.

Also, Bitcoin is money, it's not political. Bitcoin is for everyone.

not everyone can be trusted, there are many people who only talk as if they are true, but when you look at them, they all lie, it's the truth, but I'm sure there are people who hold bitcoins who can be trusted, for example, my friend holds bitcoins until now and hasn't let go, it depends on the person, not everyone can be like that.

You are right that bitcoin was never created to profit from off. It was dutifully created to give us the choice of having a currency we can use for transactions without the need for intermediaries. It just so happens that due to its limited supply, people found a way to make money off of it. Nowadays, people just see bitcoin as an investment opportunity. I wonder if people are actually going to soon realize that we should be using bitcoin as a payment method instead.

once again, each bitcoin holder has their own interests or goals, so each answer can be very varied, but why should we trust humans, the majority of bitcoin holders just want to make a profit in the future, that's why I trust bitcoin more than bitcoin holders. Bitcoin prices will never be stable, the price will continue to change up following the market trends and Bitcoin holders will alternately enter or leave the market.

NOPE.  This is the number one problem that I have with bitcoin, is that I simply do not trust others.  I guess you could say the same thing for anything in life, but the only fear I have with bitcoin succeeding is not trusting others to understand bitcoin.  Most just buy and hold bitcoin in order to "profit".  Every time I read "profit" on here I want to puke.  That's not what bitcoin is all about.  I wish more people would study it and actually educate themselves.