Topic: How was your belief formed? - page 4. (Read 1561 times)

It's true what you say, the trust that is formed will produce results that make us more productive in investing, something we cannot see but we can be sure of it will move by itself in our mindset and heart, the more we come into contact with bitcoin every Day by day we are increasingly curious about what bitcoin can give us and that curiosity makes us understand many things about bitcoin which encourages us to have even better skills to increase our investment in bitcoin. But to be honest, I personally also sometimes feel doubtful for some time but I'm always reminded of the initial purpose of investing in bitcoin and why I believe in it.

But of course you should really be that mindful in towards risk involving it because you cant really just put up all of your money or fiat into crypto.Always have that border line if we do speak about limitations on which it would really be that normal because we dont know on what the future holds.Anytime it could crash or something that could be replaced.This is why it is really that risky
to take up such step but its not bad to take up some risk on knowing that you could potentially earn something from it. Stick on what you do believe but there should be always
that limitation or boarder line on how far you could only go and dont tend to go past beyond it.

Like us who did the same thing the first time bitcoin was introduced or have glimpse about this coin and its market , actually i mocked my cousin that tried to lure me investing so let it go mate , they will changed mind in time just don't lose hope and effort.
that is what is true, lacking of understanding and knowledge tells them to laugh and try to mock us.
no , don't do that instead try to approach them more as you have a proof of what you are trying to tell them , best to lure them more to invest so the adoption will go longer.
this take time , as those people I know from bitcoin starts earning and making money that made me realized and invest.

I do agree that it was something that is definitely a bit of a challenge to begin with on making it, then breaking it would be even harder to handle and that's why I do not think that it will happen. I think it is a lot more possible to see bitcoin being on this cycle of ups and downs for a while and it will be like that for the foreseeable future. The best thing we could do about the current situation is to ride the wave, when it's low buy it, and when it goes up sell it and repeat that constantly for a steady x10 at the very last every 4 years.

If you start with 10k dollars, in 4 years that's 100k, in 8 years that's 1 million and you are already richer than you could ever hope for, if you start with 1k then it would take 12 years, and even with 100 dollars just 16 years and you are a millionaire if you ride the wave.

Yes, cycles, and how we all going about it. For those who have witnessed it in the past, I would say that we have trusted it already because it really did gave us some huge profits specially in the bear market.

I know that others may argue that the pattern might break at some point. But remember that we have been in the bear and bull cycle and so far still met the criteria to hit every 4 years. So that is where the trust it, and we all know that the next bull run might happen next year till 2025 and so we will continue to invest today and wait till the price goes on another all time high.

when talking about our money and investing , we must always put trust into that matter  no matter what comes out because this will also build your confidence and skills. boosting your inner belief and idea and going to progress and success.
that is what motivates us into investing and not negativities .

I like what you said.  Trust is built in bitcoin is a process that goes through through, that trust is rooted in positive things no matter how small or big, it accumulates into maximum trust.  I also invested in bitcoin with my savings instead of depositing it in a bank savings account.  That belief also helped me convince my wife to invest and start planning in bitcoin.

It is way easier to point at external sources for our problems as in that way there is nothing we need to do as someone else is to blame, but this kind of thinking is very toxic as such a person will never take responsibility for their actions, so anyone investing in bitcoin at the ATH probably does not really know what they are doing, and their loss is a result of their ignorance and their inability to accept they know nothing about the market and yet they trade it as if they did.

It would be their own fault when they bought bitcoin on ATH and they should have realized that they had been wrong for saying such inappropriate things all along. They forget or don't know that they are buying bitcoin at a high price and don't realize that what will happen next is a price drop which will even trigger a very deep decline. And if that happened, they would look at him in shock and not expect that they were seeing him again. And they will again say that the bitcoin scam without seeing the error was actually their own doing.

At first it might be the same as everyone just experimenting with this latest innovation, and there might be a lot of doubts at the initial stage because it's quite difficult for beginners to buy bitcoin.
The question that often arises is what is bitcoin and what to buy bitcoin for which might have a negative connotation, but after time went by and heard a lot and I began to study bitcoin and how to buy it, in the end I was addicted even though I had given up several times because I experienced losses and let bitcoin I'm in the wallet, which in the end the price jumped, right on that day I got a profit from bitcoin and started to believe in bitcoin, if I'm not mistaken it was in 2017.

Such a cycle will continue, they scoff at bitcoin when a bear market occurs, and at the same time they race to invest in bitcoin when it reaches ATH. The problem is at this point, they are buying on ATH, so they have to wait longer to make a profit. Because usually when bitcoin reaches ATH then next bear season will occur, and so on.
Then they easily say investing in bitcoin is something that is detrimental. They don't even know what they are doing.

Building strong beliefs about relatively new investment is not easy. You really have to find a lot of information about it ^{[from friends, the media, or wherever]} so that you are absolutely sure about what to make of your next investment asset. There are many stages that must be passed before one can be absolutely sure, and this process is not going to happen in one day or any time soon.

I wasn't really sure about bitcoin or crypto at first, but after some learning I was convinced enough that bitcoin is good investment asset for me to consider. Instead of gold, I tend to choose bitcoin right now as my investment asset, even if it's big risk. After all, I'm not just thinking about its potential because basically I also need to consider how to keep it safe in the long term.

When I first heard about bitcoin in 2020 through a friend, I didn't pay much pay attention to it cos there wasn't much exposure to it apart from being a bubble investment that will soon burst. Which I regretted believing then.

My bitcoin journey came to the limelight when I was introduced to this forum in 2021. All my negative thoughts about bitcoin were changed due to my involvement in the forum. I realized that bitcoin is the future. Still that 2021, I made my first bitcoin investment and some other altcoins. I saw how my bitcoin investment skyrocketed and some of my altcoins lost value in the long run. After that incident, I choose to be investing in bitcoin more than altcoins

Like us who did the same thing the first time bitcoin was introduced or have glimpse about this coin and its market , actually i mocked my cousin that tried to lure me investing so let it go mate , they will changed mind in time just don't lose hope and effort.
that is what is true, lacking of understanding and knowledge tells them to laugh and try to mock us.
no , don't do that instead try to approach them more as you have a proof of what you are trying to tell them , best to lure them more to invest so the adoption will go longer.
this take time , as those people I know from bitcoin starts earning and making money that made me realized and invest.

True, it has been so far that the people who have insulted bitcoin experienced disappointment when they saw that bitcoin could reach a price peak that formed the last ATH yesterday. But when the bitcoin price slowly decreased and reached the point of $15k yesterday, they again said that investing in bitcoin was a mistake for bitcoin users and tried to instill faith in bitcoin users that bitcoin will continue to decline.

But again, they are wrong because bitcoin prices are starting to increase, although not too high. But that was enough to silence them, not to badmouth bitcoin and say that, yet again they were wrong in saying bitcoin would fall to the bottom.

Actually I don't care about people hating about bitcoin and they are blacklisted for me because they don't accept advice for crypto investment, I mean that I respect their investment principles even though they are not involved in bitcoin investment but they don't have to interfere to ridicule other people have bitcoins in their wallets and some of them make overstatements in the current market conditions for the purpose of making others hesitate to invest in crypto.

I know they will eventually trust and learn crypto in secret because the percentage of new crypto users will increase if bitcoin can recover higher prices or can even reach new ATH. So let time will convince them to get involved in bitcoin investing and let's just focus on the current portfolio and ignore their words.

And it has happened, yes many of those who used to doubt bitcoin now they have become part of the people who own bitcoin. It's a cycle that will continue to happen here, I won't even be surprised when many people flock to learn about the basic concepts of bitcoin.
Precisely this is what opens their eyes, I mean let them doubt and underestimate bitcoin, with that bitcoin can show something they couldn't see before, that's what will make them interested in learning this.
In the end they are the ones who judge whether they will be part of the people who believe in bitcoin or vice versa, but I believe when they learn about bitcoin they will be part of the people who believe in it.

Oh you guys still talk with outsiders on this? I've stopped talking about my investments long time ago. Either people get intimidated, they don't understand or disagree. And while it's fine to disagree with me i still get ridiculed a lot. I advice if i am asked, but mostly my advices are somehing like: "don't get involved without researching a lot."

Just few days ago someone saw my crypto related profile and said: "Are you seriously unironically somekind of crypto bro?".
I said that i bought my first cryptos near new years eve of 2013-2014. And after they spend some of their time laughing at how stupid NFTs and crypto is without me saying anything they must be realize at some point that i actually know a lot compared to them and suddenly they are not interested to talk about the whole subject.

Which is fine by me but i just got insulted and didn't even got a change to defend myself which is annoying.
It's not like i am asking about their hobbies and laughing at their hobbies and saying that are they really unironically doing that.
Well after POS least i dont have to deal with the accusations of how i am destroying the planet. Or if i am they are easy to shut down.

And no i don't want to laugh at my friends who were wrong. And i've been telling people whom i originally told that i have lost everything because i don't want to be a potential rich target of any kind.

It's not strange if they think of bitcoin like that because they have never heard of bitcoin before. After all, those who insult bitcoin will surely see how bitcoin moves in the future and when it comes, they will regret it for insulting bitcoin and don't want to accept bitcoin like other bitcoin users. We also cannot impose our will on them because they have their own desires, which are different from ours. So we just let them choose what they think is suitable to do and choose.

To maximize bitcoin investment, you need to know some basic things before starting, but never push your capital capabilities with large targets, investments can be made slowly and gradually, we just need to see the right moment to make a profit. Now that bitcoin is in the recovery process, you can take profits in the short term and make regular purchases in the long term, so that when bitcoin reaches the next ATH, you will benefit greatly from both investment patterns.

Now is the right time to buy bitcoin and we can take advantage of the short term to add to the assets we have, after we gain capital stability and profits in the short term, then the long term is the next priority.

Everyone is looking for profits in investing, therefore we need to be selective in choosing, bitcoin has shown an existence that can guarantee the investments we make, sometimes we use different patterns but the ultimate goal is also the same to make a profit. 2017 was a very important moment for me, because it was in that year that I got to know the process of investing in bitcoin and so far I have been involved in the investment.