Topic: Is all what they say about bitcoin true? - page 2. (Read 643 times)

I commend you on that. Most newbies this day don't bother to read through the forum before making their own posts. It's either they just dive straight into asking questions whose answers are staring at them or they volunteer to teach the community what it already know 😆.

The best person who could've answered that question would've been the user who made that comment. However, living in that user's mindset, I want to believe they made that comment to show that it's not all roses with Bitcoin. That it has its down moment too like every other business. I agree with that. I see a lot of people getting carried away with Bitcoin and begin to think that their investment in Bitcoin should become an instant hit. They forget there are people who've suffered great losses investing in Bitcoin too.

That is a very nice example and a way to be sad at bitcoin. Fear of missing out is a great tool that leads investors to loss. It doesn’t just happen, at first during the bear market they will experience FUD. It is that very fear and doubt that will make them not to take actions during the bear period. But when the bull is already arrived, the FUD turns to FOMO which will make them join the market through the wrong entrance. It is not everyone that will have the patience to wait till bitcoin sees another ATH. Bitcoin is like stock, whatever has the tendency to go up can still fall down. Let no one decieve you that bitcoin cannot go below certain level.

Let's just say this statement can mean anything,  for example not all about happiness in the sense that today bitcoin can be in the red at times which can make alot of crypto investors very nervous and sad which is the ugly side of this industry and price will not always be in the happy side(green) and we need to be ready for this as markets are in a dynamic state which doesn't guarantee the happiness as it won't always be bullish as too many factors at play influencing it!!!

Agreed, everything happens so fast such that you can't see it coming which is why the piece of writing was emphasizing that Bitcoin's aren't always about happiness as you can lose it all because of a market crash or maybe even a hack...

Bitcoin can make you not happy if only you invested in Bitcoin out of fear of missing out (fomo). For instance, last year during the bull run your friend made a great profit from Bitcoin which he bought at a low price during the bear market and sold at a high price in the bull market. With the fear of missing out, you went ahead to buy Bitcoin at an all-time high which is $69k last year, that person will not see happiness in Bitcoin until Bitcoin sees another all-time high and put a smile on that person's face with a profit

Someone can get or lose a millions if they use a big capital. It is impossible if you only use small money for investment. So, if you don't want to lose a big money, just invest in small money. However, there is no chance to get big profits. It means, someone can get big profits if they want to take risks in crypto investment. If someone are too afraid about the losses, he/she probably invest in small money. It is up to you, that you want to take a risk or not.

However, if you are a newbie, you mustn't think about being a millionaire. If a newbie is too obsessed of being millionaire, he probably will use a big capital. Unfortunately, the newbie forgets to have a sufficient knowledge and experience first. This sometimes that leads the newbies to lose big money, it is because the newbie too hurry investing with big capital.

Thanks for your kind words, I promise to yield your advice in studying well enough about this forum and Bitcoin as well

If you OP has invested towards the end of bullrun, he will have understand what the person is trying to say. Some like me joined crypto during this period. I invested in some coin and token, little gain was made in short time. Due to my little knowledge and experience, I believe that is how it will continue to go but it wasn't. Just of sudden price keep going down till all my investment reach losses. It was then I knew we have entered the bear season. Risk management is one of the key to success for any investment to succeed.


Every business has its own risk. No business come without a risk. In any business you do you have learn about the business and also learn how to manage the risks involved in such business.

Understanding bitcoin should  be the number one step to take, if you understand how the whole process works, before investing in bitcoin, to avoid losing money since the knowledge is already  there, Being sad cannot be avoided if the price is not in your favor emotional maturity is very important. Think about people who purchased bitcoin around $60,000 what do you think is going through their minds? Even with the potential for profit, you should also calculate your losses. It is not advisable to buy high and sell low since doing so will undoubtedly wipe out all of your capital and intended profit. And bitcoin is one sweet venture but also have its own risk, so we should take caution while investing.

If you look at the charts of the last few years, you will be very interested in Bitcoin. You will want to buy and hold Bitcoin. Bitcoin has risen more than expected in the past few years. Also, if you calculate last year, you can see where it fell. What do you do in this situation? But trust it as the biggest coin in the Bitcoin market.
Adapt to the situation and move forward accordingly, keep hope.

Actually what they said about bitcoin is true. Someone can turn into a millionaire, billionaire etc depending on what is about to happen in a given time... And then someone can also loss millions, billions etc within a twinkling of eye. I pray we never be a victim of loss but in order to succeed in life you must take risk.

Maybe the opinion above can be said to be true and can also be said to be reasonable. Because you need to know, investing or trading in bitcoin, not all investors can make a profit and it always runs smoothly. But there are always those who lose. So the thread that says that bitcoin is not about happiness, maybe it was created and specifically for investors who experience a loss or difficulty when investing or trading in bitcoin. Then besides all that, the perspective that says that bitcoin is not about happiness, can also be interpreted as a struggle that is not easy to make a profit when investing and trading in bitcoin. Because even though all bitcoin investors believe that the price of bitcoin will continue to experience growth and increase, still behind it all, analysis and a sense of anxiety will definitely still exist. So the point is investing or trading in bitcoin, it's not just about happiness, but of course there is something called struggle and sacrifice.

Because if you think about it deeply, investing in bitcoin is not a place for fun, but a place to fight so you can make profits and stay away from losses. So you don't need to be weird, if in this btt forum there are many perspectives that you might not have thought of before. Because in this forum there are many people who have different opinions and perspectives about bitcoin or about other fields.

In my opinion, when someone benefits from investing in BTC, they will definitely feel happiness, but investing in BTC can also potentially get sad if we experience failure in investing in BTC, for example we sell at a low price while buying at a high price. but in investing in btc, of course we have to have extensive knowledge so that we don't get sad because usually people fail due to lack of knowledge.

Well, it’s a matter of context as to what is being referred, it’s way too ambiguous.
For some reason, many seem to view bitcoin for what good it could do, has done and continues to do in the lives of people. Still, there are those that have had there life’s thwarted by the innovation, those who have came by certain loses by believing too much or having yo think that cryptocurrency would solve all there life’s problems, especially when it has to do with finance.
You have to fine means and that would be means to shift your idea from viewing it for a get rich scheme and realize that it’s just a currency with other benefits so, you don’t get disappointed in the events that your ideas don’t get to play out.

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Bitcoin is actually a very powerful investment that anyone can engage in to make profit and also take it as a career. So I would say yes . Theisayings concerning bitcoin might be true But you have to remember that every successful investment comes with a price. Those saying this knew what they did before uttering the statement about Bitcoin bringing happiness

Being a successful investor requires hardwork, commitment and focus . Over the years people have resorted to go into Bitcoin and other crypto services. Most people I knew actually gained from it because they paid the price. You'll need to get sufficient knowledge and experience about it first before going into it.
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Yeah, what the person said is quite through. Let me use this analogy for easy understanding:

 It's like this; the happiness we experience from investing in bitcoin is in phases and that space between these phases are the periods of not what I would call sadness but the absence of happiness which can't be depict as sadness. Just as we have the rainy days and the sunny days, that's how bitcoin investment can be likened to, and these rainy days are long periods of bearish market which for certain we're sure that no matter how long the rains keep falling there will definitely come the sunny days which is the bullish run (halving).

That assurance we have about a soon to come rising sun despite how heavy it's raining is what makes bitcoin much trusted than any alt you can think of.

You know what suit yourself! I am not trying to gain favour I spotted a cheatway you used in 'gaining favor ' in your own words and I simply blew your cover because it's not fair that way anyway I see already you don't understand I've deleted the message....you can go ahead cheat all you can . About me asking for merit I also deleted it because I'm hear to learn and use the right means to grow my merit and attain higher ranks. You can go and check again it's deleted. Yo!

When you are standing in a short-term trading position or just starting to trade Bitcoin with all the limited knowledge, the quote "Bitcoin is not all about happiness" may have a point. You need to know Bitcoin as far as you can to get happiness from Bitcoin, I mean, while on the forum, you need to study and read some threads that tell the advantages that can be obtained from Bitcoin.

Beautiful stories from investors who have made big profits from Bitcoin investments need to be used as motivation for you to get happiness from Bitcoin. Never feel doubtful or worried about the sad stories that some bitcoin traders have experienced who lost their money, they did it without going through an adequate education process as a result of joining in or being trapped in Fomo. Increase your determination to get happiness from Bitcoin by learning the important things that have been shared in this forum.

People see Bitcoin as always as a profitable source of income but they don't know once they enter the market they need to get a ride with the market price movement, which is the volatility. People see the bitcoin in the up or the ATH feels so satisfaction to them because their investment goes up and continuously because its a bull run, but tried to check them now if they keep celebrating in the bear market they keep silent, and wait again for the ATH to get profit. If you make exploring related to the topic you've created you will see their different stories how they lose their money, house, investment and etc. because of the market crash.

You mentioned you're new here, and in just 10 minutes of joining this forum, you've already gone to request merits which you know is against the rules. Now, you're criticizing me for a reply others found interesting. Is this how you act to gain favor?

I'm more concerned about your topic question. You asked if all they say about Bitcoin is true and the answer is NO.
It depends on what you're hearing. Many things have been said and are being said about Bitcoin. So it can't all be true. Some might exaggerate it into something that has come to save the world economy from ruin and eradicate poverty.
Some see Bitcoin as a get-rich-quick scheme. There are even those that see Bitcoin as a bubble or a scam.
A lot of things are being said about Bitcoin, so again, it can't all be true.

Despite whatever people tell you about Bitcoin, even if it's from people you trust, try to research and learn to see if the person is right or wrong.

Bitcoin is a decentralized digital currency. And we all know how the price of a currency goes up and down. Bitcoin can also be an investment for you. And since Bitcoin is a currency and an investment that goes up and down there's every possibility that you'll make a profit and something also make a loss.
Every investment carries risk. So when they say "Bitcoin is not all about Happiness" it means you can make a loss sometimes.
When holding Bitcoin, and the price begins to dip, you'll will definitely not be happy, but if you can hold on, you might just be happy in the end.