Topic: Is all what they say about bitcoin true? - page 3. (Read 630 times)

OP, you're doing the right thing by being very careful about exploring the forum. Everything needs to be weighed, and only after that can you draw the right conclusions for yourself. The fact that you see expressions about Bitcoin saying that it does not always bring happiness is quite reasonable. I have read your earlier posts. You correctly start from the fact that bitcoin is volatile, and if you invest today at the same price, with volatility and a falling market, the price will go down accordingly. Based on this, people write that we cannot always be profitable. In addition, bitcoin requires great care when handling wallets and transactions, and knowledge of Internet security is essential.

But there are a lot of posts on the forum, most often from newcomers who idolize Bitcoin, personifying it as the salvation of mankind and getting rid of poverty. I think that these people are very stupid if they hope that Bitcoin is in every way a savior for them.

I urge you to approach the study of Bitcoin and forum posts with a sober eye, without being fascinated by anything, and cultivate the independence to draw the right conclusions.

Welcome to forum newbie, since you came to bitcoin forum and got good idea about bitcoin. You as a newbie keep reading more threads and you will learn and benefit from it. But it is true that Bitcoin is not all about happiness because money alone cannot bring happiness when it comes to managing daily life. Likewise, if you invest in Bitcoin, you may not be happy with it. Bitcoin will basically fulfill your financial needs but if you have any fundamental problem then Bitcoin will not give you happiness.

welcome to the forum and am sure you are truly going to learn on the forum here, just make sure you take your time to read, and ask necessary questions which you think you need to ask, and also make sure you go through the forum rules and regulations so that you wont end up going against it.
Also it will have been better you attach the link to the post here, so that everyone will be able to read what the person is trying to communicate, but without the link, nobody knows what the post is really about, you just mentioned the topic but we don't know the post is really talking about, so try and attach a link to the post.

The question you need to ask yourself here is that does money give happiness? If money does not give happiness do tell me how you think Bitcoin is going to give happiness. Bitcoin can be seen from the perspective of being an investment so you need to understand that there is no investments that have happiness.

You can have different investors with luxury of cars and still not have that number one joy or happiness in you. Bitcoin is a digital currency that you can buy and hold as long as you like to earn more from holding it. If the market is fortunate to increase after you bought Bitcoin, then you are a lucky person and will earn some reasonable profits.

I don't know where you read that, because I rarely found that phrase in posts on this forum. But in my opinion that somewhat true, just like all investment Bitcoin is not a zero-sum game, one person get profit from other people loss. I know people who get rich and build their business from the money they get by mine and/or invest in Bitcoin, on the other hand I also know people who lost almost 90% of their saving.

Bitcoin can be scary for those who are not prepared for it and get to experience fall of the market as shock . For those who already understand bitcoin very well if the market price drops it won't make them feel unhappy and and worried because drop of price of the market is something that is always expected because Bitcoin is volatile.  When one is just expecting to make profit from bitcoin and never consider that drop of price is something that can seriously occur at anytime will always see bitcoin very scary. If one is already to prepared for the bear market that can take place at anytime, their won't be any disappointment in bitcoin.

My simplest tip for you is to save and study every sentence you hear, read and do research to find out the truth.
During my journey in the crypto space, I have found joy in the convenience I have found with bitcoin. And with bitcoin, I found a space of freedom that can define the best financial system without a lot of worries.

People who say Bitcoin is not about happiness, of course he has other thoughts in interpreting this sentence. And I also find freedom here as long as I don't violate the rules that have been set.
Here I found a knowledge space filled with an atmosphere of familiarity and mutual encouragement to achieve a goal.
You will later get answers to the meaning of a bitcoin for you as long as you are willing to spend a little time here from the routine that you live every day.

everyone will have their own way of defining Bitcoin based on their knowledge and experience. those who lose their Bitcoin investment without knowing how the Bitcoin market is moving will of course not be happy with Bitcoin. everyone who puts their money in Bitcoin, of course, must understand the risk of losing their money. it's not just believing that they will benefit from Bitcoin that makes them happy.
everyone will probably have a different view of Bitcoin based on their experience.

Whether Bitcoin can buy you happiness ultimately comes down to your financial situation, values, and belief in the technology. If you go in with open eyes, understand the risks, and only invest money you can afford to lose, Bitcoin could prove very rewarding - both financially and psychologically. But when in doubt, trust your gut and don't let FOMO lead you into trouble. There are many paths to happiness, with or without Bitcoin!

Do our own research is good but we must know that we could do our homework well or bad so we should not believe that we always do our research well. Therefore, we must be neutral with our research and don't let our biased thinking affects our decisions. It will be terrible if after doing research, we make bad decisions because of our biased thinking.

The expression is exaggerate the power of Bitcoin which does not mean like a God stick and can change life of all people from nightmare, bad to happiness and heaven. It is a very biased belief which is not true and won't become true.

Firstly, it is not everything they say about is always true so you'll have to do your own research so you won't have a false understanding or hope about Bitcoin.
Second, it will be difficult to understand what the user that makes the statement truly means if you don't provide the link to the post so we can read to understand what the user means by  "Bitcoin is not all about happiness". However, I believe the user was talking about Bitcoin not being all about profit-making due to the market-bearing season.

I think the sentence "Bitcoin is not about happiness" is a sentence of expression, point of view, thought or perception of someone about Bitcoin. That sentence has various meanings if we perceive it according to each of us, maybe if you are curious you should ask the person who gave the argument directly.
Because if you ask a perception or thought from another person to every member in the forum, maybe you will also find it difficult to determine the meaning of the sentence you are asking.
There's nothing to worry about that sentence friends, in essence the sentence was said because indeed Bitcoin is not always about beauty or happiness Bitcoin also has risks in it.

This simply means that you should expect anything to happen, just know that the price of bitcoin fluctuates, meaning that the price is not steady or stable it goes up and down, bitcoin is not a fast money making investment, it requires patience because you have to hold and be patient for the market to balance but the problem is, the market is unpredictable, there is every propensity that the fund you invest might lose value or increase as long as you can wait but it all depends on you, there are mainly two bitcoin cycles which is the profit and loss cycle, yes bitcoin can be seen as happiness because of it's decentralized nature that offers individuals freedom that grant them access to their investment whenever they need it.

The person in the best position to give you an answer to this question is the person that made it because he has a reason why he said what he said. Asking us to interpret it for you could give it a wrong meaning but I believe what he's trying to say is that investing in Bitcoin isn't all about happiness as sometimes some sad experience will happen but when that does happen you don't have to panick instead you should keep on holding because the future is always bright with Bitcoin. When you invest in Bitcoin and constantly observed the market you'll notice a price reduction and when that happens you won't be feeling happiness.

Also during the bear market, bitcoin price will reduced with the general market and during this period you won't feel happiness because your investment will be losing value but this are all part of the market and when this are all gone, you'll make profit when you continue holding Bitcoin but if you give up to this negative experience you won't make profits for the future. There's no investment that's just positive all through, at some point you'll experienced some negative feedback but what makes you a successful and professional investors is the ability to hold through those bad times and come out victorious.

You can see and read mixed emotions from different people because that is based on their own experience as well. Granting that not all had become successful investors, you can never say that all people who come and invest are happy, many were also disappointed. Yes, I believe that the majority of the members here are telling right but if that is from these social media influencers, I don't think so - most of them are just FUDs and baseless statements which you have to be careful about.

This may be yes, may not. Well, it's a little difficult to explain, but the benchmark for someone's happiness may be different. Here, regarding Bitcoin, it will also differ depending on the point of view and also how each person deals with and controls himself in Bitcoin. It could be that Bitcoin is happiness for someone at a certain time or at any time. But it could be that Bitcoin is considered a disaster for other people because of one bad thing or another.

Because it is undeniable if we see how many people get stressed because they lose their money in Bitcoin investments or their asset values decrease or drop drastically under certain conditions. And finally this became a bad thing for them and resulted in their perspective on Bitcoin turning around and hating Bitcoin.

However, what needs to be emphasized here is:
This is not the fault of Bitcoin, but rather the user or owner. how one's attitude and decisions in dealing with all the risks of Bitcoin investment are influential. Because after all, the results of what we think and decide will really affect our condition both now and in the future. If we panic sell when our assets decline, that's fine, it means we ourselves are doing things that are not good at investing, because of our inability to manage risk management and our mentality.

but if we can face all risks and have good management in investing, indeed, this can be a source of our happiness.

He may remind you that you need to learn about the risks. Don't only focus on the potential profits to earn from Bitcoin! If you can't deal with the risks, you probably end up with severe losses. There are many beginners who think that it is easy to earn money from Bitcoin. At the end of the day, they get nothing but losing all their money because they don't know how to deal with Bitcoin volatility and FUDs. Investing in Bitcoin requires a strong mentality (patience), you also need to be smart in understanding when to buy (entry) and when to sell (exit).

@_BlackStar has quoted where OP probably read the phrase.
https://bitcointalksearch.org/topic/m.62662457

 

Accidental loss is the major challenge or harmful threat to your Bitcoin. 
The question now is " what is happiness ". Happiness here, simply means the profit you make. Now most people lost money not because they don't know how to trade but because they don't understand how the system work sometimes. With this I believe you are now convinced that Bitcoin is not all about happiness.

Bitcoin wasn't created to make all its users happy - it was created as an innovative solution to give people better options instead of just a centralized fiat system.

Maybe it's true what people say; happiness is not measured by how much you make money, but also how likely you are helped by innovation. Yes - that's what bitcoin from day one has been offering its users a different kind of innovation than fiat.

If you had quoted the thread or post it would have been better to understand the context intended for making that statement, but let's give an approach from the general perspective from that statement, knowing that bitcoin is a volatile cryptocurrency, you can earn and make profit and same way you may loose, but there's more likely possibilities for winning than loosing because if you understand the way it works, you will secure your assets, invest at a right timing and also sell when needed, those that finds no happiness in it are those whose actions are the consequences of their mistakes, while bitcoin still remains being intended for our happiness in freedom, decentralization, privacy and many more financial opportunities it offers.