How was your belief formed? - page 6.

Gozie51

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Quote from: bangjoe on January 15, 2023, 12:12:21 PM

If ATH is formed again in 2024 or 2025 I think there will be 10 times more people adopting bitcoin and learning about it than today (or maybe even more than 10X) and I would really like to laugh at my friend who insulted me.

I thought I would like to know how your trust process builds up in investing your money in bitcoins?

People or friends won't believe you when you talk of bitcoin investment except that they have seen some evidencial changes in your finance. You don't expect your friends listening to your investment if you are going back to them for financial help, it is this simple. if you have been around since 2017 then you will be able to tell the progress that bitcoin have gone to different ATH which is your story So either they will also monitor how bitcoin has progressed by themselves. I don't bother myself after little time of educating someone.

Reid

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The first time my eye opened with investment options was working for a job who checks their annual reports and portfolios. That hit me big time when I saw the number/amounts they are investing. It made me think, what's stopping an average Joe to do the same as this companies did?
The best part came in when cryptocurrencies are being offered like an asset although that is not the real purpose of it. That's when I started to take the risk.
"It will always go up." I never stop thinking about that, and my trust process always come from that belief.
There will be flaws, down market, whale dumps, and so on, but it always amazes me when it goes back up and people are starting to hype it again.

Dickiy

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Quote from: ShowOff on January 18, 2023, 04:18:34 PM

If you know what the history is, then you should probably only be optimistic about the future of bitcoin. Obviously we are only talking about the uncertain future, but bitcoin is an asset that is not going to die just because of a price correction and some negative news. My belief about bitcoin from year to year is getting stronger, it is formed from how bitcoin records its history. Adoption continues to increase and more countries will consider the technology.

I don't care what anyone says, they are free to say anything about bitcoin and my passion for it. But they are not the people who are responsible for our lives.

It's true that the decision was not taken by them because it is our money and we are free to save wherever we want, but sometimes I am also a little influenced by what other people say with their logical nature, but maybe when we already know the clear direction of bitcoin and memorize its history , I don't think it will be too affected by the words of the people around you.
Fluctuations are a normal thing in any market, but after we see that many people are starting to consider bitcoin, as you said, many countries are starting to conduct studies on bitcoin and some have even legalized it as a legal currency, such as El Salvador, it is natural for us to believe stronger.

Sterbens

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Quote from: posi on January 19, 2023, 06:14:01 AM

A few years ago, I was ridiculed by relatives and friends when they knew that I had invested in bitcoin. But now they can say they are afraid of me, they are so scared of me laughing at them because they see how much my life has changed in just a few years of investing in bitcoin. The best way to overcome those things, I can only say is to stay silent and focus on the goal, the things I have chosen. One day, they will have to bow to you.

I think most of us who feel the same way when we are belittled for investing in bitcoin respond with silence. We don't care what they say, and we try to prove it with time accompanied by valid data. And things like that make those who will be silent in the end. And it's not uncommon for people who underestimate us from the start and even think we're stupid actually come to us to teach them about bitcoin. Here, what I am proud of is the magnanimity of bitcoin users, most of us actually welcome people who come to us even though their treatment in the past was not wearing.

posi

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A few years ago, I was ridiculed by relatives and friends when they knew that I had invested in bitcoin. But now they can say they are afraid of me, they are so scared of me laughing at them because they see how much my life has changed in just a few years of investing in bitcoin. The best way to overcome those things, I can only say is to stay silent and focus on the goal, the things I have chosen. One day, they will have to bow to you.

Wapfika

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Bitcoin makes the world go 🔃

It’s a bit ironic to receive criticism on investing to Bitcoin from traditional traders while global economy is being hit by inflation. Besides we are on 2023 already which Bitcoin already surpassed the 60K USD mark price from nothing. How come you allowed them to ridicule you while Bitcoin itself outperformed any company stocks available in the market right now.

Bitcoin investment is already premium and I’m very proud to tell it to my friends that I get my money from it. Probably you are just too shy or not confident to your investment which is why your friends treat you that way. Show them some dominance that you choose the right investment decision.

CageMabok

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Quote from: zaki12 on January 19, 2023, 01:32:14 AM

regardless of the words of friends who underestimate bitcoin, I am 90% sure that bitcoin is the future, at this time there are still many who take bitcoin for granted even though if they want to find information on bitcoin there is so much at this time.

There's no need to be surprised or pay attention to those who still underestimate Bitcoin, because basically they also don't know about Bitcoin and still won't want to know about Bitcoin because their prestige is far greater than the desire to learn to know anything they don't know yet. This means that when they refuse to learn for the sake of knowing about Bitcoin just because the person who invited them has not been successful, then they will continue to consider their own prestige more than trying to learn new things like Bitcoin.

Quote

I've seen Bill Gates' interview on YouTube, about the internet, email, social media, he was even laughed at because at that time, it was a strange thing, people only judged something that at that time made sense, until in the end when everyone used it, they just so the last follower, this is directly proportional to investment, people buy and are tempted when they see the price soar, not when the price is low and when no one is interested, especially the current state of the global economy, bitcoin would be better to invest in for the future .

Bill Gates also never regrets when they underestimate what he said and also never thinks about the fate of those who don't want to listen to his words in the past for now. So you also don't need to think about those who are still underestimating because this is not very good for you and can make your enthusiasm for believing in Bitcoin disappear.

Keyreysek

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I know bitcoin recently, I often hear my friends talk about bitcoin and other cryptos,
at that time I felt curious, so I asked my friend directly, what is bitcoin?
after that my friend explained what bitcoin is, its origins, and who is its creator.
after that I was looking for information myself about investing in this bitcoin, and I found this forum.
but until now I haven't bought bitcoin, because I don't have enough money to buy it, and maybe it's not the time yet, because I still don't understand all the systems,
but even so I really want to buy bitcoin and very excited.

MarjorieZimmermanGinger

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Quote from: bangjoe on January 15, 2023, 12:12:21 PM

I thought I would like to know how your trust process builds up in investing your money in bitcoins?

There are several views from people about bitcoin, trust before starting accompanied by knowledge about the journey of bitcoin, early 2017 I started trying to learn about bitcoin in terms of investment, because at that time many of my friends started investing. Unknowingly this influenced my subconscious psychology to try, and it really got me hooked to collect bitcoins gradually, precisely when bitcoin reached ATH in 2021, this incident hit me psychologically because I didn't try to buy bigger when the bitcoin price has not reached ATH.

To this day bitcoin is known as the best investment asset in the long term, many understandings that previously did not trust bitcoin, instead these people have been in the current investment model and around me more and more people are trying to learn about it, although there are also those who refuse truth about bitcoin.

zaki12

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regardless of the words of friends who underestimate bitcoin, I am 90% sure that bitcoin is the future, at this time there are still many who take bitcoin for granted even though if they want to find information on bitcoin there is so much at this time.

I've seen Bill Gates' interview on YouTube, about the internet, email, social media, he was even laughed at because at that time, it was a strange thing, people only judged something that at that time made sense, until in the end when everyone used it, they just so the last follower, this is directly proportional to investment, people buy and are tempted when they see the price soar, not when the price is low and when no one is interested, especially the current state of the global economy, bitcoin would be better to invest in for the future .

len01

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Quote from: bangjoe on January 15, 2023, 12:12:21 PM

-snip

I thought I would like to know how your trust process builds up in investing your money in bitcoins?

the reason I believe in bitcoin is quite simple, bitcoin always gives the best after the halving starts and after a 4 year cycle. I don't care even if the cycle changes I will still hold onto the bitcoins that I have and always collect as much as I can and bullish will definitely come.
there are lots of people out there who underestimate bitcoin investment when they don't know how valuable it is to have bitcoin with high utility and they only see the fluctuations without going into what bitcoin is.
of course there are lots of people out there who invest in bitcoin and are laughed at by friends, relatives and even family, but that is not an obstacle to collecting bitcoin and proving that bitcoin does have value in the future.

ShowOff

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If you know what the history is, then you should probably only be optimistic about the future of bitcoin. Obviously we are only talking about the uncertain future, but bitcoin is an asset that is not going to die just because of a price correction and some negative news. My belief about bitcoin from year to year is getting stronger, it is formed from how bitcoin records its history. Adoption continues to increase and more countries will consider the technology.

I don't care what anyone says, they are free to say anything about bitcoin and my passion for it. But they are not the people who are responsible for our lives.

carlfebz2

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Dont mind them because people who doesnt know anything about Bitcoin would be always be having those kind of negative approach and ideas but its better to ignore them and continue on what you are doing.

Its true that its a speculative asset but its your money in the first place and you are the ones who do make out such decision on whenever you do decide to make up an investment.Its not their right
on where you would be putting up your money.

You would really be expecting negative inputs and insights for those traditional investors which its not that shocking anymore.

hugeblack

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Unfortunately, many people, when they do not understand something, simply resort to the easy solution, which is to assume that this thing is a scam, or that it is illegal/deception of investors, and from here every new investment or incomprehensible opportunity revolves in that direction.

Your words will be logical if you do not depend on the money that you intend to invest, meaning that it is money that you will not be afraid to lose in any way, then the investment will be logical and reasonable, but if you are investing money like money that you need during the next two years, it may be a great risk.

michellee

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It's okay @OP if your friends belittle you because you invest in bitcoin and do not follow what they do. Many people still underestimate the potential profit they can get from bitcoin, so they don't want to open themselves up to receive something that can be useful for them in the future.

You have to continue your actions and not be influenced by what they say because we choose what we believe. Don't let their words make you feel inferior and insecure. In the end, you will decide to quit. They will see how your profits will increase enormously when the bitcoin cycle is back and starts its long rally to make new ATH again. At that time, your friends will see the potential of bitcoin for them but it's too late for them to start because the price is already very high later.

lixer

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Quote from: hatshepsut93 on January 16, 2023, 05:58:24 AM

Quote from: bangjoe on January 15, 2023, 12:12:21 PM

I thought I would like to know how your trust process builds up in investing your money in bitcoins?

I began my Bitcoin journey in 2016 when Bitcoin entered a bullish phase, seeing my money increase by 50% in a few weeks made me very enthusiastic about Bitcoin, I immediately started believing that it's the future of money, it will replace banks and fiat currency and so on.

Then with years I started thinking about Bitcoin and its state more carefully, I realized that it is rarely used as a currency, so I started thinking about it more as a digital gold, a safe haven, a hedge against inflation. Then the covid times came and subsequent turmoil in global economy, and Bitcoin in my eyes failed the test.

I still hold a lot of Bitcoin because I think the bull/bear cycles will continue and it's possible to make a good profit from them, but I'm not emotionally attached to Bitcoin to HODL it no matter what.

This is what a typical noob in crypto look like. They easily get attracted after hearing/seeing that the price of Bitcoin is rising fast but unfortunately by the time they enter the value of BTC will eventually go down. They will rattle and sell and call it a scam lol but I salute those who stay and congrats to them because they likely recover their losses now after building up some experience and knowledge about how this BTC or this market works.

It was before when people rarely use their BTC as a currency because there are less people who know it and then it is less recognized by the government but now the scene has change. BTC now is being use like a regular money.

STT

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Ideally you dont bet it all on black, have a diverse strategy as we all know BTC is a volatile asset even while its frequently and repeatedly been high growth. Pull-backs can be extreme, I wouldn't encourage anyone to rely purely on BTC as that could be a harsh burden under pull-back in the sector this can be years in its effect. Obviously its best to avoid selling in the lows but people need cash so that too is a reason to stick with multiple asset types.
Its not uncommon to mock people, I dont know anyone especially who would praise attempts to invest as most just think of pension or similar investment handled at arms length by professionals only. That would exclude high growth and ideas of high risk speculation or investment.

GeorgeJohn

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Bitcoin is achievement

Let me give my own instant in this your point. Investment of any kind is base on your ability to understand exactly the kind of investment that favors you, Bitcoin investment is not everyone and it's everyone that is lucky to run such investment and prosper on it, i will strictly advice anyone to join or venture into invest that will be favorable and well understandable to the person exactly.

Hamphser

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Quote from: AmoreJaz on January 17, 2023, 04:47:38 PM

Quote from: Ojima-ojo on January 17, 2023, 04:34:35 PM

To this point, we still have a lot of forks who still believe bitcoin to be some form of gambling money and there is no certainty if and when it could amount to anything or a possible crash to zero price zone.

This type of mindset has clouded many potential investor mindsets and this has been their major drawback from adopting bitcoin, but with time and adequate knowledge, that mindset could change in them.

I think the problem with those classes of people is that there is nothing to motivate them why because they never attempt to learn the many possibilities with Bitcoin.

it is their loss if they won't be open mind with btc or with this market. let them think what they think and mind your own business.

@OP, do what you think best for your financial portfolio. your friends can insult all they want but still continue what you think will be beneficial for your financials. and when the time comes that you reap your rewards, don't mock your friends (or maybe you can say - i told you so in a light manner. lol)
as you have strong belief in this market, use it to your own advantage. no need to worry about anybody else, they have their own disposition in life.

This is what im actually doing on which im not really minding on what other people around me would really be saying or its better for you to be silent on whatever things that you are dealing with.If you do get some

sort of teasing and telling that it is an investment which it isnt worth or something dangerous or the worst telling it as a scam then its better not to mind them and just move on on what you are currently doing.
They would really be changing up those thoughts on the time that they would be seeing that you had just progressed your lifestyle which is something that shows a solid prove out on what you are dealing.
Dont let other people do dwindle up on things that you do believe.Just stay focus which you do seem is right, because if you wont really be putting up risk then there's no way you could gain up.

AmoreJaz

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Quote from: Ojima-ojo on January 17, 2023, 04:34:35 PM

To this point, we still have a lot of forks who still believe bitcoin to be some form of gambling money and there is no certainty if and when it could amount to anything or a possible crash to zero price zone.

This type of mindset has clouded many potential investor mindsets and this has been their major drawback from adopting bitcoin, but with time and adequate knowledge, that mindset could change in them.

I think the problem with those classes of people is that there is nothing to motivate them why because they never attempt to learn the many possibilities with Bitcoin.

it is their loss if they won't be open mind with btc or with this market. let them think what they think and mind your own business.

@OP, do what you think best for your financial portfolio. your friends can insult all they want but still continue what you think will be beneficial for your financials. and when the time comes that you reap your rewards, don't mock your friends (or maybe you can say - i told you so in a light manner. lol)
as you have strong belief in this market, use it to your own advantage. no need to worry about anybody else, they have their own disposition in life.

Topic: How was your belief formed? - page 6. (Read 1472 times)