How much do you Trust Bitcoin ? - page 3.

Odusko

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Quote from: nakamura12 on November 22, 2023, 05:10:12 PM

For me, it's hard to level my trust in BTC using 0 to 100 since I only invest in what I can afford to lose so i'll say it's around 60-100. I don't know for others on what number they will use since we all did the same which is invest what we can afford to lose. To be honest, I don't rate my trust in BTC because I don't think I can level it myself and one more thing, I don't think it's because of those two that it is the factor that will change the overall level of trust we have on BTC because Bitcoin had already existed and been used many times before it existed. I agree with the above post that we shouldn't dwell so much on our level of trust in Bitcoin.

Aside from the estimated waiting time for Bitcoin investment, I have 100% trust in Bitcoin when it being pit at comparison with Altcoin such as Defi as mentioned by the ops, a lot of times, we tend to bring Bitcoin down by trying to compare Bitcoin with other project and coins, but that is a wrong assumption and class comparison for bitcoin and should be avoid in any discussion because when it comes to trust, there is no level ground between Bitcoin or any altcoin no matter the hype that may have been created around those coins or project.
So for me, bitcoin all the way and I want to advise anyone most especially newbies to take such high risk as to hold Defi tokens for the long term based on just promises, but Bitcoin has proven time without number that it is ahead of the games, and investor funds are secured as long as their patient enough to wait.

ultrloa

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Quote from: migrena on November 22, 2023, 04:45:34 PM

To what extent do you believe in the long-term viability and stability of Bitcoin as a leading cryptocurrency, considering the impact of decentralized finance (DeFi) and non-fungible tokens (NFTs) on its perceived value, adoption, and regulatory landscape? How do you perceive the potential influence of DeFi and NFTs on the trustworthiness and growth potential of Bitcoin, and how does this factor into your overall level of trust in the digital asset ?
To make it simple from 0 to 100 how much do u trust on Bitcoin ?

Depends on situation since there are times that my trust goes 50-50 depends on the market condition like we are experiencing a bearish market condition and certain thing is unexpected to happen then from that I always have a doubt then do some proper checking before buying since its hard to be in situation where we need to hold for long months without seeing some good movements. But in situation where BTC is showing some glimpsed of having a good run like a total Bull run that we called provably level of trust became more high and I think its goes to 80% since from that we don't need to worry anything since price would usually go up. The only thing we need to wait for that is when to sell and everything is fine at our end especially when we are taking our profits and enjoying the efforts we made on good season of BTC.

nakamura12

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For me, it's hard to level my trust in BTC using 0 to 100 since I only invest in what I can afford to lose so i'll say it's around 60-100. I don't know for others on what number they will use since we all did the same which is invest what we can afford to lose. To be honest, I don't rate my trust in BTC because I don't think I can level it myself and one more thing, I don't think it's because of those two that it is the factor that will change the overall level of trust we have on BTC because Bitcoin had already existed and been use many times before it existed. I agree with the above post that we shouldn't dwell so much on our level of trust in Bitcoin.

Odohu

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Quote from: migrena on November 22, 2023, 04:45:34 PM

To what extent do you believe in the long-term viability and stability of Bitcoin as a leading cryptocurrency, considering the impact of decentralized finance (DeFi) and non-fungible tokens (NFTs) on its perceived value, adoption, and regulatory landscape? How do you perceive the potential influence of DeFi and NFTs on the trustworthiness and growth potential of Bitcoin, and how does this factor into your overall level of trust in the digital asset ?
To make it simple from 0 to 100 how much do u trust on Bitcoin ?

Even though it is expected that we have some level of faith in Bitcoin to be well invested in it, we should not forget that nothing is guaranteed, nothing is promised. I don't think we should dwell so much on trust that we should jettison the need for responsible investing.

As a guide, what you should put in Bitcoinshoulg only be kidney you don't need urgently, money you can afford to live your normal life without it. This is why the DCA method is recommended for anyone willing to venture into Bitcoin.

migrena

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To what extent do you believe in the long-term viability and stability of Bitcoin as a leading cryptocurrency, considering the impact of decentralized finance (DeFi) and non-fungible tokens (NFTs) on its perceived value, adoption, and regulatory landscape? How do you perceive the potential influence of DeFi and NFTs on the trustworthiness and growth potential of Bitcoin, and how does this factor into your overall level of trust in the digital asset ?
To make it simple from 0 to 100 how much do u trust on Bitcoin ?

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