Do you trust bitcoin holders? - page 5.

mirakal

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Quote from: dezoel on May 11, 2024, 01:30:23 PM

Just because BTC is anti to those organizations you have listed there, does it mean it's also bad? Or those people who deal with it are bad? No that's not how it goes but actually those organizations are the ones who are bad and this is why BTC is created, for the people to not rely on them anymore.

There are still Bitcoin hodlers who can't be trusted because they are criminals and they only use Bitcoin because we know that the coin is anonymous but there are still cryptos that can do this better and maybe they also use it. They are among the reason on why BTC and other cryptos got a bad name for some strict people but fortunately it is slowly dissolving.

I have to agree with this. The only reason why bitcoin come into existence is to combat the main source of wrong doings, not to be utilized actually by those bad guys around and take advantage on it. In fact, bitcoin is designed to be free from the government control, so we can take our full control with our own currency and wallet. Although I can’t guarantee that those who sided bitcoin are all right and responsible ones, since it’s known that some bitcoin users are doing it for their personal intentions and negative interests, but majority I believe are using bitcoin for positive benefits.

Mr.right85

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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?

This isn't a good way to go about creating a topic. It lacks a lot of content to it and one has to go in and over his head to get what it is about to be discussed.
I'll suggest you take a close look at how other users on the forum, especially the ranked users go about topic creation and composure, it would help you a lot and your writing skills as well.

Also, do well to understand concepts and terminologies so you would know how to use them and how they apply.

Bitcoin doesn't promote anything or type of activity, Bitcoin is just Bitcoin, a currency to be used on the web. How you choose to use it is entirely up to you.

Meanwhile, holding and holders is just an activity that describes having to own and keep your Bitcoin over long periods. Anyone can hold Bitcoin and you don't need to trust no one for choosing to hold.

Plan well

newbie

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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?

Well you have a point.
I can speak on my own actually I believe my self and the thing is that we need to trust ourselves, because we all bitcoin holders to each other, because I can think that majority of Bitcoin holders are not anti_government or anti_bank.

oktana

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Quote from: CODE200 on May 18, 2024, 04:32:13 AM

Quote from: oktana on May 17, 2024, 04:59:24 PM

I’m not sure it’s right to straightforwardly say anti-government. We are the ones putting the tag on it. The whitepaper talks about how Bitcoin removes the middleman from the equation. And it is us who decides who we want to see as the middle man. For me it’s the banks that are the middlemen and the government (because they have the power) get into the business of the bank so it seems they work together. So if your money is direct to you and no body managing it for you, only you can spill information about your account balance, and the rest there is to know.

Own it my brethren, bitcoin is freedom for the people and the government don't really like that there's a way for the people to get out of their grasp, it's the worst of things that they try and suppress people that uses bitcoin, that's clearly an attack to our right to become an individual. Banks are an arm of the government so I think that you're still an anti-government if you seriously hate them, they're an archaic system and they need to be gone soon, they're the main reason why we have bitcoin after all, to eradicate the banking system that only benefits the few.

I wouldn’t necessarily say hate as well. I mean, if really we hate the bank then we would entire stop visiting them, but that’s ironic because you are using the fiat that comes through them anyways. So I’d rather say it’s more of being smarter than the bank and government would expect you to be. They want to have your records, but you know to use cryptocurrency, when you need to use fiat, you go through that route. And if you have the chance you’d rather use cryptocurrency for all payments and transactions. Also, Bitcoin wasn’t created to eradicate the banking system.

CODE200

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Quote from: oktana on May 17, 2024, 04:59:24 PM

I’m not sure it’s right to straightforwardly say anti-government. We are the ones putting the tag on it. The whitepaper talks about how Bitcoin removes the middleman from the equation. And it is us who decides who we want to see as the middle man. For me it’s the banks that are the middlemen and the government (because they have the power) get into the business of the bank so it seems they work together. So if your money is direct to you and no body managing it for you, only you can spill information about your account balance, and the rest there is to know.

Own it my brethren, bitcoin is freedom for the people and the government don't really like that there's a way for the people to get out of their grasp, it's the worst of things that they try and suppress people that uses bitcoin, that's clearly an attack to our right to become an individual. Banks are an arm of the government so I think that you're still an anti-government if you seriously hate them, they're an archaic system and they need to be gone soon, they're the main reason why we have bitcoin after all, to eradicate the banking system that only benefits the few.

passwordnow

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Trust is a personally issue for different people. I'll give you example, there's a person that holds Bitcoin and is the most reputable guy in your relatives or friends. And there's this guy who's not into Bitcoin but isn't trusted by anyone by his family, relatives and friends.
And that's why it is a relevant subjective issue that you're bringing to whom should be trusted.

There are trustworthy people that are into Bitcoin community and there are those that you can't simply trust because they're scammers and does things illegally. That's why this question is a matter of the person you're talking to and the one you're dealing with. Whether someone is a bitcoin holder or not, if that guy is reputable, you'll trust him. Otherwise, if he does things against to the community and to other people then regardless of being a holder or not, they won't be trusted.

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Quote from: Iranus on May 11, 2024, 05:27:03 AM

Quote from: DeathAngel on May 11, 2024, 04:22:19 AM

Bitcoin holders are some of the most patient, trustworthy people on the planet. Anybody who can hold their money in an asset that drops 70% & not flinch deserves the upmost respect. We are a rare breed of strong handed investors, nerves of steel. Bitcoin holders can be trusted more than most people.

But not all bitcoin investors have diamond hands, there are also many weak hands and have dumped their bitcoins. Additionally, I don't believe anyone can stay calm and not flinch when bitcoin drops more than 70% in value. I believe that even veteran investors who have experienced this many times cannot avoid being worried. But they know how to handle that situation better than newbies, so they can avoid panic selling.

That's why I said holding bitcoin is not easy and not too many people can do it. Many people often urge others to hold and buy the dip, but at that time how many people can keep calm and do that? It's always easier said than done.

Yes, hodling might seem so easy but actually it’s not. While majority would agree that hodling is the best guarantee to succeed for long term, but what we don’t know is that not everyone who holds end up profiting as weak hands would resort into losing their persistency and eventually lose in the end.

Yes, bitcoin holders can be trusted at some point, but not everyone is. Some can only be good at first but eventually find theirselves quitting at the end, simply because hodling is never easy as what majority believe.

oktana

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I’m not sure it’s right to straightforwardly say anti-government. We are the ones putting the tag on it. The whitepaper talks about how Bitcoin removes the middleman from the equation. And it is us who decides who we want to see as the middle man. For me it’s the banks that are the middlemen and the government (because they have the power) get into the business of the bank so it seems they work together. So if your money is direct to you and no body managing it for you, only you can spill information about your account balance, and the rest there is to know.

GbitG

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Quote from: Iranus on May 11, 2024, 05:27:03 AM

But not all bitcoin investors have diamond hands, there are also many weak hands and have dumped their bitcoins. Additionally, I don't believe anyone can stay calm and not flinch when bitcoin drops more than 70% in value. I believe that even veteran investors who have experienced this many times cannot avoid being worried. But they know how to handle that situation better than newbies, so they can avoid panic selling.

That's why I said holding bitcoin is not easy and not too many people can do it. Many people often urge others to hold and buy the dip, but at that time how many people can keep calm and do that? It's always easier said than done.

You are absolutely right, holding isn't an easy thing to do, especially if you can see the asset you are holding losing a lot of value in front of you because that will keep tickling your nerves and you would want to sell your assets so that you don't lose more value.

To be honest, I don't find it wise if a person has bought Bitcoin at a very high price, it went up a little more from there and then started dropping and they still keep holding because they could sell their assets when the price started dropping so that they could buy lower again.

Those who buy low, but keep holding when it keeps going lower have a lot of patience, undoubtedly.

jrrsparkles

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That stupid question though.

Bitcoin users may be against the idea of how government kept their people as poor with the centralized money that just keep losing its value all the time but they aren't against the government just the idea.

Banks is part of the central banks which is monitored by government so this again points out against the system and idea.

Shamm

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Quote from: DeathAngel on May 11, 2024, 04:22:19 AM

Bitcoin holders are some of the most patient, trustworthy people on the planet. Anybody who can hold their money in an asset that drops 70% & not flinch deserves the upmost respect. We are a rare breed of strong handed investors, nerves of steel. Bitcoin holders can be trusted more than most people.

Agree with this mate as we all know that those bitcoin holders are good enough to be an example for everyone of us here in our community as they have a discipline that holds their bitcoin even though the price is volatile, sometimes it will goes down and in the long run the price will have a chance that the current price will got doubled or even tripled.
bitcoins is not against the government but some government didn't allow their fellow countrymen engage with bitcoins in some reason

Churchillvv

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You're getting it wrong OP I don't think any one is against the government not even the bitcoin holders except their are people out there who are anti-government/bankers but afaik there are none because everyone life is revolved around government. Infact live would have been brutal and unfair without government.

Bitcoin itself isn't against government nor it's holders but there aren't comfortable with the central control system or should I say there are privacy interested people. Perhaps anyone who is capable of handling his or her bitcoin or assets in bitcoin even with the level of volatility then I believe that person should be trusted to a great extent.

Bitcoin is freedom hence a group of persons are not supposed to have your whole life in their hands manipulating it as it suits them hence bitcoin has reversed such manipulation or take the control out of this group of persons hands in to every individual who believes and trust it.

Hypnosis00

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Well, OP, it is very clear to us that Bitcoin is not anti-government. That is why we don't have any reason why we should distrust holders.
I'd rather trust Bitcoin holders the government for real. If we would really think deeply, if this is against the government then all holders are already arrested and in jail but it never happens because it wasn't.

Quote from: Iranus on May 11, 2024, 05:27:03 AM

Quote from: DeathAngel on May 11, 2024, 04:22:19 AM

Bitcoin holders are some of the most patient, trustworthy people on the planet. Anybody who can hold their money in an asset that drops 70% & not flinch deserves the upmost respect. We are a rare breed of strong handed investors, nerves of steel. Bitcoin holders can be trusted more than most people.

But not all bitcoin investors have diamond hands, there are also many weak hands and have dumped their bitcoins. Additionally, I don't believe anyone can stay calm and not flinch when bitcoin drops more than 70% in value. I believe that even veteran investors who have experienced this many times cannot avoid being worried. But they know how to handle that situation better than newbies, so they can avoid panic selling.

That's why I said holding bitcoin is not easy and not too many people can do it. Many people often urge others to hold and buy the dip, but at that time how many people can keep calm and do that? It's always easier said than done.

Worries can be somewhat normal and very common to doubtful individuals but for those who are old-timers, it simply disregraded.
Although we don't have data available that points out the number of holders but I believe that the majority are weak hands compared to real holders.

bangjoe

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Quote from: Betwrong on May 17, 2024, 06:06:07 AM

Quote from: DeathAngel on May 11, 2024, 04:22:19 AM

Bitcoin holders are some of the most patient, trustworthy people on the planet. Anybody who can hold their money in an asset that drops 70% & not flinch deserves the upmost respect. We are a rare breed of strong handed investors, nerves of steel. Bitcoin holders can be trusted more than most people.

I agree with that. These people deserve respect for their unwavering trust in Bitcoin. How many times wicked tongues were predicting the end of Bitcoin! And it were during hard times when the price of BTC was plummeting compared to USD. It was so hard to stick with your beliefs during those times. But they were doing just that. They deserve the upmost respect indeed.

I am one of the people who believes bitcoin holders everywhere and whoever it is who survives every cycle, who survives every moment of the bitcoin rush until bitcoin returns to all of us bringing a real lantern of life in this world.

I personally also respect those bitcoin holders very nobly, because maybe I personally am not as strong and as long as they are in saving their bitcoins to this day or it could be much longer until they feel that they will conquer this world by bringing changes in the world financial system, their beliefs cannot be underestimated and deserve respect.

bettercrypto

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Quote from: YUriy1991 on May 07, 2024, 09:50:34 PM

The government only makes laws, the obligations of its citizens follow and citizens also have other rights to invest in cryptocurrencies such as BTC where people will always look for other alternatives that are more comfortable in investing.

I think it is not anti-government, more precisely if I see that there are still many weaknesses in their thinking and slow to respond to technological developments and just wait and find where the weak points are, if they quickly know their potential, they will immediately join forces to immediately synergize. Whether all countries have smart leaders like Nayib Bukele certainly does not.

In short, we must be law-abiding citizens in the country where we live. Now, regarding the question you made here in this section, if I believe the bitcoin holders,
maybe it depends on what they say. If I know and I think it's right and there's nothing wrong with what they say, why not?

Although I have no obligation to trust them, and there is nothing wrong with believing them because it is a matter of choice for each individual, that's all.

Smartprofit

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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?

The very essence of Bitcoin is that it allows you to work in an environment where you do not have people you can trust.
This is exactly why Satoshi Nakamoto created it. That's why you don't need to trust Bitcoin holders....
Bitcoin owners are not doctors or notaries, they are ordinary people.
Bitcoin is not a sect, it is a financial instrument that allows you to invest, make payments (including cross-border payments), save capital and pass it on to inheritance. If you purchase Bitcoin, you do not simultaneously sign an agreement prohibiting interaction with commercial banks and the government. You can continue to interact with your government and use all the services of commercial banks.
There are no restrictions here! You simply have another wonderful financial instrument/financial asset in your arsenal.

ultrloa

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Quote from: Betwrong on May 17, 2024, 06:06:07 AM

Quote from: DeathAngel on May 11, 2024, 04:22:19 AM

Bitcoin holders are some of the most patient, trustworthy people on the planet. Anybody who can hold their money in an asset that drops 70% & not flinch deserves the upmost respect. We are a rare breed of strong handed investors, nerves of steel. Bitcoin holders can be trusted more than most people.

I agree with that. These people deserve respect for their unwavering trust in Bitcoin. How many times wicked tongues were predicting the end of Bitcoin! And it were during hard times when the price of BTC was plummeting compared to USD. It was so hard to stick with your beliefs during those times. But they were doing just that. They deserve the upmost respect indeed.

A huge respect for people do that since that means they have strong belief on bitcoin that there will be great future will come on it and there's only few people can do that since not all investors really trust bitcoins dominance as they always afraid for its volatility that's why some people think that this is big issue of bitcoin which they are avoiding.

Its really hard to stick with believes especially with there's a down time happening that's why I really have a huge respect to holders since they are showing some intense strength that nobody can destroy their belief and continue to do their plan for betterment which bitcoin always shows then all of this people are always satisfied with those decisions they do since they are always the winners.

Betwrong

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Quote from: DeathAngel on May 11, 2024, 04:22:19 AM

Bitcoin holders are some of the most patient, trustworthy people on the planet. Anybody who can hold their money in an asset that drops 70% & not flinch deserves the upmost respect. We are a rare breed of strong handed investors, nerves of steel. Bitcoin holders can be trusted more than most people.

I agree with that. These people deserve respect for their unwavering trust in Bitcoin. How many times wicked tongues were predicting the end of Bitcoin! And it were during hard times when the price of BTC was plummeting compared to USD. It was so hard to stick with your beliefs during those times. But they were doing just that. They deserve the upmost respect indeed.

Hyphen(-)

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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?

How does bitcoin promotes anti-government?
All I know is that governments are against Bitcoin and citizens are supporting Bitcoin because of its decentralized nature and the financial freedom it gives its investors.

The question of weather you trust holders to me is something that is not relevant because Bitcoin holders are not criminals, they are only avoiding banks for privacy sake. Although some people use them for criminal activities and money laundering is also done through banking systems, therefore, I completely trust Bitcoin holders.

dezoel

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Just because BTC is anti to those organizations you have listed there, does it mean it's also bad? Or those people who deal with it are bad? No that's not how it goes but actually those organizations are the ones who are bad and this is why BTC is created, for the people to not rely on them anymore.

There are still Bitcoin hodlers who can't be trusted because they are criminals and they only use Bitcoin because we know that the coin is anonymous but there are still cryptos that can do this better and maybe they also use it. They are among the reason on why BTC and other cryptos got a bad name for some strict people but fortunately it is slowly dissolving.

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