Topic: How was your belief formed? - page 5. (Read 1472 times)

they laugh because maybe they think bitcoin is something new and an investment asset that is still foreign to their ears.
everyone has a different point of view, but insulting or ridiculing is very unkind and very intolerant.

people like that don't open their eyes, they just stay silent at the limits they make, but that doesn't mean they are wrong, but the attitude of those who insult bitcoin is wrong.

be tolerant, all the assets that exist now, everything is good, everything is useful, and everything has a good impact on economic progress.

I'm one of those who got into 2017, yes, I still remember that time, I'm still a newbie and didn't know how to play the game or even save some. All I wanted is to get some profits and that's it.


But during the next cycle, 2018-2021, my outlook has chance, I learn how to accumulate and when to sell at the right time to maximize the profits.

And now that the next cycle started last year and most likely it will continue the bear market throughout the year, so still a best time to continue to buy and save and then HODL and wait next year because it's going to be huge, $100k and up are the prediction.

That is true that 2017 was a good period, too many people got in and that's when it started to go up because all of you got in. People who are not aware of the fact that bitcoin is by far the best thing ever, are the people who have absolutely no idea about how awesome bitcoin is in real life.

I mean I have to say that it's going to be something special when the day comes, as high as 100k or 200k or even more. In order to profit from that, we need to keep on buying more and that's going to take a while, so we should all keep buying more no matter what the price is. I will keep buying now, and I would buy if it was 100k too, I just buy no matter what I do.

It's just crazy because they are thinking the wrong way and when they start to believe they are back to you and keep asking.
This is normal for me because they have a different vision from yours, and another thing they must not talk about for things that they don't know.

I believe that there be more people will be introduced to Bitcoin even price is dumped or pumping.
Bitcoin is not here just for the price only, really use of Bitcoin is for payment. Regarding the adoption, there are also a lot of players in the cryptocurrency space right now, not Bitcoin only. Consider also these altcoins, if you combine whole altcoins market cap, they are huge. So, it will be different in the future, even the price of Bitcoin will not that high to pump compared to previous all-time highs.

The people who joined bitcoin when the price was between $300-$400 never thought that bitcoin could increase to $69k in the last ATH. Many people think that the price of bitcoin was reached $ 20k and the highest bitcoin price will not exceed $ 50k. But many of them were wrong and bitcoin still broke through to $69k.

And right now, after the bitcoin price can reach $69k, the price can exceed that price, especially in 2024, the halving will start, which is likely to affect the bitcoin price greatly. These times are thrilling because we don't know when the bitcoin price will start its massive rally and can only guess it will happen this year or next before the halving starts or after the halving is over.

If I remember correctly, the time bitcoin hit 300 USD was in 2013 or 2014 because when I first found out about it, it also had a similar price. I have invested since then, but I don't buy to hold, I use bitcoin to invest in Ponzi projects. Of course I don't think about its future either because the goal back then was to earn as much fiat as possible.

Also talking about belief in bitcoin: I had a period of distrust in bitcoin's future that was in 2018 when bitcoin dropped from 19k$ to 3k$, and I lost everything at that time, that's the time when I was most depressed. But after bitcoin gradually recovered, I started reinvesting, and my firm belief was built from there.

I started knowing bitcoin early when it was still around $300, but I didn't know much about bitcoin at that time and wasn't much interested in getting bitcoin or collecting because I didn't think I would see these days.

My belief in the future of Bitcoin began when I saw the price rise to $1,000 and then to $3,000, then I began to believe that there is a great future ahead for Bitcoin and that it will certainly be the currency of the future.

Of course, the goal of accumulating bitcoins will be different according to each price cycle, because what you could get easily before is now very difficult.

I see that 1 BTC will be good in any price cycle, I am sure that one day soon it will be like a dream for many of us to get this number.

I was late finding out about Bitcoin. I didn't learn about it until January 2013 when a friend raved about a darkweb site called Silkroad.

I wasn't interested in the contraband that was available but the digital currency that they used fascinated me. I was already an open-source and file-sharing enthusiast. When I first heard of Napster, it wasn't the free music that attracted me. It was the peer-to-peer file-sharing. I watched as they tried to shut it down as it morphed from Napster to Kazaa to Bittorrent to Magnet Links and grew to include videos and applications.

When I first heard of Bitcoin it was trading for around $15. I regretted missing out on the glory days when bitcoins were mere pennies apiece. By the time I had studied up on dual-key cryptography and SHA-256 hashing and realized it wasn't a scam, it was already up over $30. By the time I figured out how to buy it without risking my money on the internet, I paid $68 each for my first few dozen bitcoins.

I held firm when the price crashed from $266 to under $50. I kept accumulating through 2013 and made the mistake of sending 50 coins to MtGox thinking I could take advantage of an anticipated price swing. Needless to say I lost those 50BTC. I lost another 120 BTC to a hack when I stupidly left them on another exchange. Since then all my coins are safe offline in cold storage addresses generated on non-internet capable machines and printed on a dedicated printer that has never been connected to the internet. Printer spool buffers can be hacked.

I kept accumulating. The last time I bought over 10BTC in a single day was in 2015 when the price dipped below $200. I didn't sell any until late 2017 when I took a little profit in the form of new Zitcomia dental implants and a house in Mexico. I held while the price crashed again and in the spring of 2021 I sold a  couple million dollars worth to buy 400 acres of virgin forest in Ontario with a 25 acre completely private lake. Last spring I sold another $2M to buy a triplex in downtown Toronto.

Bitcoin has been good to me because I held.

When it comes to negative things then im a type of person who isnt really that much making myself that getting affected that much whether you are my best friend or someone who is close to me because in terms of investment then im not really letting myself really that impulsive or easily get that affected which would result into sudden change of it.

You cant really avoid those negative people would really be faced up along the way which would really be able to potentially alter or change up your plans basing into their own perspective or words.
If you are that a person who is easily get affected by these things then for sure you would really be committing lots of mistakes ever.

In terms of trust Speculation vs Investment maybe I should at this point put my trust in investing, I don't care (demand and supply), what happens to the Bitcoin market, it's up to my friends who are involved in the crypto world to say something and think negatively of me, what is certain is that I currently believe that Bitcoin for future investment will have intrinsic value and the price of Bitcoin will experience an increase in value.

Bottom line: The Bearish Speculator is not the cornerstone now for me, the Bullish Speculator is the cornerstone now in my beliefs where I need to have some courage to profit, in the future.

Therefore we will welcome when there are people who want to know more about bitcoin, even though in the past they made mistakes because they did not know about bitcoin. I think among the users who have been in the bitcoin environment for a long time there are also those who think the same thing (don't believe in bitcoin), but with time and with a lot of knowledge about bitcoin they finally realize that bitcoin is a very promising asset for the future . Not a few of the users have benefited a lot from here, especially in their finances.

To be honest, there's no reason to blame or push them away when they want to invest in bitcoin because they like us, have disbelieved in bitcoin in the past. All due to a lack of knowledge about bitcoin, and we know it. If we mock them or dismiss them as they did to us, we are worse off than them. Bitcoin is very new, it is revolutionary and it takes time for people to recognize and support it.

Do not waste your time talking to your friends about bitcoin, now if they had some misgivings about investing in bitcoin I would consider that to be acceptable as bitcoin is not really for everyone, but if they are making fun of you for investing in bitcoin then just never touch the topic with them ever again.



It is easy to build your confidence about bitcoin and its future, read the whitepaper, read books about about gold and how the economy worked back then, read about fiat and how the economy is managed today and finally look around and see for yourself the poor state of the economy of the world, and if you do all of this then you will understand why we are so confident on the ability of bitcoin to become a very strong form of money in the future.

We just need to remember one thing we are making money for ourselves, for our family, so we don't need to care too much about what outsiders say. They laugh at me because I invest in bitcoin, which is supposed to be a scam, but I laugh at them because they know nothing about bitcoin, the future technology. And I'm pretty sure they'll have to invest in bitcoin as soon as another bull season takes bitcoin to another ATH.

In investing in stocks, real estate, or bitcoin, the goal is profit, so whoever earns more is right. I will be silent until the cow season comes, who laughs who, then we will know.

There will always be people who laugh at you and of Bitcoin. But you don't get affected, do you? Deep inside you, you know that you are doing the right thing and they're simply ignorant of what you are into. I have also encountered numerous crass opinions about Bitcoin and those who are supporting it, but I'm not affected. In my mind, why should I be reacting too much to them when I know I will have the last laugh and it is just a matter of time before they will regret not joining me instead.

It is a matter of consistency with what you are believing in the first place. As long as you have your own reason to continue with the thing you are passionate about, then you're good. It is just that people would doubt something they are not really aware of until they see the fruit of your 'labor'. As others have mentioned, many of us experienced such doubts from people around us regarding this technology. But on a broad perspective, it is just a misconception and misunderstanding. Since you are the one who knows well of this industry, it is somewhat not surprising to know that you are the only to be amazed of the potential for this technology. Just continue as you believe.

Of course this is a motivation for me, and I don't have to put up a fight against those who mock me, because even putting up a fight will be useless when we haven't made anything from bitcoin.
Maybe I should also stay away from gatherings that talk like that over and over again, it's true that the same words and questions every gathering are very annoying, maybe it's better for me to stay away, to be honest it's very tiring, maybe I'll follow your way.

My belief in bitcoin started off as a way to make some extra cash. A rapper in my country showed me the way that we could earn with bitcoin. I was young, had no direction in life, and was just trying to see whether I can make a living or not. Then I stumbled upon bitcoin, and it changed everything for me. I started to make money with the faucets, buying/selling stuff on forums, offering service for bitcoin, and it gave me a sense of purpose (I was young and dumb lol). As I delved deeper into the world of bitcoin, I began to understand the true potential of decentralization and the power of blockchain technology. I saw how it could empower people and give them more control over their own lives, free from centralized systems. It's faster, cheaper, and more secure than traditional currencies, and it has the potential to revolutionize the way we think about money and financial systems. The way that governments and central banks have tried to control and manipulate traditional currencies makes me sick. Bitcoin and blockchain are the way to break free from that kind of control, free from authority, and free from the status quo.

I just trust the code more than I trust any human or government. People after all are all untrustworthy and greedy and evil. I believe in the power of bitcoin and the code of blockchain to change the world for the better place. And after many cycles, people like us just have even more faith in this revolutionary technology. Right now I am preparing for the next phase of cryptocurrency. I will try to collect as many bitcoin as I can and a price below $16000 is definitely my aim

This sounds extremely familiar. I actually hate when Bitcoin gets brought up, which is quite frequent at family, and friends gatherings since they know I've been involved in it for years. I've had people who I haven't talked to in years message me years later because they know I was invested in Bitcoin, and asked about it.

I tend to avoid all discussions about it, because whenever I've tried to help someone understand it seems by our next meeting they ask the same questions, and make the same infuriating statements. So, I've practically given up. 

Investments are those that you know well and are prepared for any eventuality. Others may not know what you know, so they want to impose their opinion on you. Discussing Bitcoin with my relatives, they are more interested in calculating profit ratio than getting details about anything. So I think, Bitcoin investment is not for everyone, there are some lucky ones like us who have invested in assets like Bitcoin for our bright future.