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Topic: How to know if your a true believer - (Read 3323 times)

legendary
Activity: 2912
Merit: 1060
December 21, 2013, 12:35:26 PM
#37
Please please go lower :/
newbie
Activity: 6
Merit: 0
December 21, 2013, 10:22:32 AM
#36
happy messed up with sad  Smiley  Sad  Grin
legendary
Activity: 1274
Merit: 1000
December 21, 2013, 09:23:13 AM
#35
True believers never sell.
full member
Activity: 154
Merit: 100
December 21, 2013, 09:15:33 AM
#34
I true believer is anyone who sees the potential in Bitcoin, regardless of if the price is high, low or somewhere in the middle.
global moderator
Activity: 4018
Merit: 2728
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December 21, 2013, 09:03:04 AM
#33
If you are a true believer you wouldn't care about the price since you use it as a currency not an investment.

We have to care about the price. If it went back to $1, all the investment would stop, there would be no bitcoin ATM machines, no hardware wallets  developed, no incentive for people to develop new services. It would be the end of bitcoin.

I don't think it going back down to $1 would be the end at all. A lot of people would've lost money for sure, but it can and still will be used as a currency and people will still be developing things for and around it. I'm sure it'd rise back up as people bought in anyway. Maybe a lower steady number would be better in the long run for the currency.

Any kind of steady number would be good, but its a dream at the moment.

Yeah, I can't see how it'll ever becoming steady to be honest. With every big merchant or media hit it'll grow in price. Maybe if it becomes truly mainstream it'll taper off, but there's going to be fools panic selling everything there's a slight drop or some bad news for a while.
hero member
Activity: 518
Merit: 500
December 21, 2013, 08:47:43 AM
#32
If you are a true believer you wouldn't care about the price since you use it as a currency not an investment.

We have to care about the price. If it went back to $1, all the investment would stop, there would be no bitcoin ATM machines, no hardware wallets  developed, no incentive for people to develop new services. It would be the end of bitcoin.

I don't think it going back down to $1 would be the end at all. A lot of people would've lost money for sure, but it can and still will be used as a currency and people will still be developing things for and around it. I'm sure it'd rise back up as people bought in anyway. Maybe a lower steady number would be better in the long run for the currency.

Any kind of steady number would be good, but its a dream at the moment.
global moderator
Activity: 4018
Merit: 2728
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December 21, 2013, 05:19:30 AM
#31
If you are a true believer you wouldn't care about the price since you use it as a currency not an investment.

We have to care about the price. If it went back to $1, all the investment would stop, there would be no bitcoin ATM machines, no hardware wallets  developed, no incentive for people to develop new services. It would be the end of bitcoin.

I don't think it going back down to $1 would be the end at all. A lot of people would've lost money for sure, but it can and still will be used as a currency and people will still be developing things for and around it. I'm sure it'd rise back up as people bought in anyway. Maybe a lower steady number would be better in the long run for the currency.
hero member
Activity: 518
Merit: 500
December 20, 2013, 10:40:39 PM
#30
If you are a true believer you wouldn't care about the price since you use it as a currency not an investment.

We have to care about the price. If it went back to $1, all the investment would stop, there would be no bitcoin ATM machines, no hardware wallets  developed, no incentive for people to develop new services. It would be the end of bitcoin.
global moderator
Activity: 4018
Merit: 2728
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December 20, 2013, 01:14:33 PM
#29
True Beliebers:

legendary
Activity: 1232
Merit: 1195
December 20, 2013, 01:07:40 PM
#28
If you are a true believer you wouldn't care about the price since you use it as a currency not an investment.

I think the opposite can also be true. If you believe in BTC as a currency, it's worth holding on to for the future as an investment. Whether you hold it now or spend later, you're still a believer in the currency.
hero member
Activity: 740
Merit: 501
December 20, 2013, 01:03:50 PM
#27
If you are a true believer you wouldn't care about the price since you use it as a currency not an investment.
legendary
Activity: 1148
Merit: 1001
December 20, 2013, 12:47:34 PM
#26
If you hodl you believe.  Grin
legendary
Activity: 1232
Merit: 1195
December 20, 2013, 12:30:10 PM
#25
NCM are you a true believer of bitcoins? Well I am not a true believer of bitcoin but a true hater of bitcoin. Bitcoin is backed up by the emotions of investors once this belief of investors turn into hate then there will be a downward move up to a point where it become impossible for it to recover ever

Do you hate Bitcoins or the people that use it?
newbie
Activity: 42
Merit: 0
December 20, 2013, 12:23:09 PM
#24
NCM are you a true believer of bitcoins? Well I am not a true believer of bitcoin but a true hater of bitcoin. Bitcoin is backed up by the emotions of investors once this belief of investors turn into hate then there will be a downward move up to a point where it become impossible for it to recover ever
hero member
Activity: 518
Merit: 500
December 19, 2013, 06:57:53 AM
#23
I still think the true sign of a believer is when you bring it up in every day conversations. Bitcoin becoming more mainstream is the ultimate goal. Obviously making a ton of profit from it is great, but it's still secondary to it gaining mainstream respect.

I do bring it up but most people look confused. The most common question I get is "who's in charge of bitcoin?", and I talk about "the community" and "open source". Obviously a very new concept to most people, who haven't got a clue what open source is and they seem very dubious about a "currency" without anyone being in control of it.

Just tell them on the contrary. Ask them if they prefer a currency that can be easily manipulated and devalued at the whim of those banks and governments that control it?

What you mean show them the price of bitcoin over the last week? That will install a lot of confidence in them Wink Manipulation, devaluation aplenty in bitcoinland, not just in bankland.
full member
Activity: 196
Merit: 100
December 19, 2013, 05:34:43 AM
#22
No, if you're a true believer you believe in the network, you believe in Bitcoin and its future no matter what happens. Then you're a true believer, otherwise you're just a speculator.



+1
+1
+1
 Grin

global moderator
Activity: 4018
Merit: 2728
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December 19, 2013, 04:50:38 AM
#21
I still think the true sign of a believer is when you bring it up in every day conversations. Bitcoin becoming more mainstream is the ultimate goal. Obviously making a ton of profit from it is great, but it's still secondary to it gaining mainstream respect.

I do bring it up but most people look confused. The most common question I get is "who's in charge of bitcoin?", and I talk about "the community" and "open source". Obviously a very new concept to most people, who haven't got a clue what open source is and they seem very dubious about a "currency" without anyone being in control of it.

Just tell them on the contrary. Ask them if they prefer a currency that can be easily manipulated and devalued at the whim of those banks and governments that control it?
hero member
Activity: 518
Merit: 500
December 17, 2013, 01:13:10 PM
#20
I still think the true sign of a believer is when you bring it up in every day conversations. Bitcoin becoming more mainstream is the ultimate goal. Obviously making a ton of profit from it is great, but it's still secondary to it gaining mainstream respect.

I do bring it up but most people look confused. The most common question I get is "who's in charge of bitcoin?", and I talk about "the community" and "open source". Obviously a very new concept to most people, who haven't got a clue what open source is and they seem very dubious about a "currency" without anyone being in control of it. But hey, let's face it, its a pretty radical ideal in the early stages still. We shouldn't expect grandma to get it unless she is really plugged into the matrix.

I'll keep plugging away, try and explain it better as I go along !!
full member
Activity: 168
Merit: 100
December 17, 2013, 01:03:26 PM
#19
I still think the true sign of a believer is when you bring it up in every day conversations. Bitcoin becoming more mainstream is the ultimate goal. Obviously making a ton of profit from it is great, but it's still secondary to it gaining mainstream respect.
hero member
Activity: 518
Merit: 500
December 17, 2013, 12:26:33 PM
#18
When you don't panic sell when the price goes down 40%

40%? normal price swing for a day  Grin

Yeah, and causes the panic merchants to sell on a daily basis, many never to return.
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