It's Bitcoin trust worthy | Bitcointalksearch.org

Minhxx

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Quote from: Jchris50 on June 22, 2023, 10:26:39 AM

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.

You seem to be new to this forum asking about reputable bitcoin investing.
You should choose a reputable big exchange that is trusted by traders and if you want to hold, transfer it to your personal wallet

beerlover

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Quote from: BVeyron on June 26, 2023, 09:55:04 AM

Quote from: Jchris50 on June 22, 2023, 10:26:39 AM

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.

Nowadays there are no trustworthy assets to invest into, since even fiats are at a high risk of inflation. As for trustworthiness of cryptocurrencies in comparison with the other assets... I suppose it's quite suitable for long-term hodling, and, in case of fiats inflation there is a chance to save money via crypto. However, there is just a chance, not guarantee, since in case of fiats inflation, cryptocurrencies can become cheap too.

That is why I invest into bitcoin because it is the only asset I trust 100% completely. I know that it may crash time to time like it did in 2018 and in 2022 as well, but I know that it will always recover because we all love it so much. There isn't really all that much chance that we could see it do badly because we trust it all together.

I know people are not quite happy with the current price and wants to see it go to over ATH once again and the bear run we had upset a lot, but that didn't change the fact that we are double what the bottom was, which shows that even after dropping 80%, we didn't really felt like it was a done deal and we still ended up buying and had a 100% increase eventually to make us better, with another 100% and we will be close to ATH all over again.

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Quote from: Jchris50 on June 22, 2023, 10:26:39 AM

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.

What platforms have you used that has failed you many times that make you picked interest in bitcoin, you know they say there is a saying of before harm is before warn right! Sharing your experience over those platforms will pre-inform people so that they don't becomes expose to those dangerous platforms as well, and other members here will also learn from your experience.

Have you done your own little research about Bitcoin, you must have come across some reviews and articles about it but I am making addition to those claims that you are safe with Bit in terms of investment but it's your responsibility to keep it safe from bad actors like the hackers and scammers, it's also your responsibility to keep it in your own wallet, keeping it on the exchange is bad practice that will make you lose everything when the exchange cease to exist, I hope this little helps but don't hesitate to go through other recommendations.

Nrcewker

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Quote from: Jchris50 on June 22, 2023, 10:26:39 AM

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.

Bitcoin isn’t a platform, rather it’s a digital asset. For example, you can compare it with gold, but in digital manner. I don’t know about the platforms that you have tried but yes before investing into bitcoin do a proper research and choose the platform accordingly. Regarding the trust in investing in Bitcoins, then yes, I have been investing on Bitcoins for more than 10 years now. It has never disappointed me. It has give me good profits whenever I am in need of it. I would advise you to go through youtube to learn how cryptos work and then only invest in this.

Dzwaafu11

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Quote from: Jchris50 on June 22, 2023, 10:26:39 AM

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.

Yeah, bitcoin is trustworthy, but I think you should alter your post to include a question mark. However, I believe you still do not understand the main purpose for which bitcoin was created; you must first learn everything about it; it is not like other platforms that you have tried and failed because they promise big profits; bitcoin was created primarily for transactions, not investment; it is only now that investment has been introduced in order for it to be more widely adopted around the world. In my opinion.
So I believe you should learn more about it and trust it if you are willing to take the risk involved, so you don't need to be eager there are things you need to learn before investing in btc maybe you didn't do much investigation about those platforms that you did and failed, so here you need to do more research about it and be asking questions in the forum.

Blitzboy

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Quote from: lienfaye on June 28, 2023, 10:15:38 PM

Quote from: Jchris50 on June 22, 2023, 10:26:39 AM

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.

If you're curious to know, better exert an effort to do a research. Because there are plenty of informations online (and here on the forum) that are helpful to understand Bitcoin. So my advice is to DYOR. If you already have an idea about Bitcoin, that's the time you'll know the right answer to your question base on your judgement.

Anyway, many of us here already witnessed the ups and downs. There are season to accumulate and take profit, if you're going to ask if it's worth it, for me yes. I'm an investor of Bitcoin for years and had gained decent amount already. Nevertheless, an investor should know the risk of investing to be prepared for the unexpected situation.

The web, this forum included, is bursting at the seams with golden Bitcoin insights. Its a treasure quest - your map, a browser; your territory, the boundless digital ether. More than Bitcoin, its about blockchain, cryptography, and the doctrine of decentralized finance. Fascinating, isnt it?

Recall the dawn of the internet? Few saw its vast promise. Now, indispensable. Bitcoin and blockchain are treading a parallel track. Brace for highs and lows, making thrill parks look pale in comparison. What an exhilarating journey!

As you wisely noted, "an investor needs to understand risks to brace for the unforeseen." No investment is risk-free. But with persistent learning, continuous growth, and staying updated, you're all set to ride the crypto revolution.

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Quote from: Jchris50 on June 22, 2023, 10:26:39 AM

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.

Last hope? sorry mate but this is not for desperation investing mate because the eager you are the more chances of losing you may get as there are wrong decisioning once you see market changing prices.

learn more mate , listen to valuable advises and never look for this market as a bread and butter .

remember always the old advise "Only Invest the money you can afford to lose "

Jawhead999

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Quote from: Lorence.xD on June 29, 2023, 12:08:50 AM

Only difference is that in centralized there are safety of the user as they have security. When it comes to decentralized, it's up to you if you funds would be loss at all but when it comes to security, you are anonymously having transactions.

What are you saying here?

There's no such safety and security in centralized system, if you mean password, 2FA, etc are security, actually you can use that too in your non custodial wallet.

Even you use non custodial wallet, all of your transactions aren't anonymous, it's pseudonymous because anyone can trace your address and look into your transactions history. If you have link your address with your KYC, anyone know it's you. If not, then they only know your address and your balance.

Lorence.xD

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Quote from: Iranus on June 28, 2023, 09:41:02 PM

Quote from: BVeyron on June 26, 2023, 09:55:04 AM

Quote from: Jchris50 on June 22, 2023, 10:26:39 AM

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.

Nowadays there are no trustworthy assets to invest into, since even fiats are at a high risk of inflation. As for trustworthiness of cryptocurrencies in comparison with the other assets... I suppose it's quite suitable for long-term hodling, and, in case of fiats inflation there is a chance to save money via crypto. However, there is just a chance, not guarantee, since in case of fiats inflation, cryptocurrencies can become cheap too.

Everything has risks, but it cannot be said that there are no assets worth trusting. If you don't trust bitcoin, why would you invest in it? Bitcoin is very reliable to invest but don't put all your trust in it but instead, always have a backup plan for yourself. Furthermore, if assets are compared to find the most trustworthy, then bitcoin can also be the most trusted asset because its decentralization provides the most fairness for everyone. When we have full control over our assets, it is truly a trusted asset.

True, if you're gonna put your money in centralized system and it happens to be a scam company then your assets would be in danger. Which is risky, where in Bitcoin controlled by it's user their funds since it's decentralized then for sure it would be consider much trustworthy. Only difference is that in centralized there are safety of the user as they have security. When it comes to decentralized, it's up to you if you funds would be loss at all but when it comes to security, you are anonymously having transactions. It just depends on the person whenever where he/she feel safe to put all their funds or to invest with, just do your own research to find your suitability and convenience.

lienfaye

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Quote from: Jchris50 on June 22, 2023, 10:26:39 AM

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.

If you're curious to know, better exert an effort to do a research. Because there are plenty of informations online (and here on the forum) that are helpful to understand Bitcoin. So my advice is to DYOR. If you already have an idea about Bitcoin, that's the time you'll know the right answer to your question base on your judgement.

Anyway, many of us here already witnessed the ups and downs. There are season to accumulate and take profit, if you're going to ask if it's worth it, for me yes. I'm an investor of Bitcoin for years and had gained decent amount already. Nevertheless, an investor should know the risk of investing to be prepared for the unexpected situation.

Iranus

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Quote from: BVeyron on June 26, 2023, 09:55:04 AM

Quote from: Jchris50 on June 22, 2023, 10:26:39 AM

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.

Nowadays there are no trustworthy assets to invest into, since even fiats are at a high risk of inflation. As for trustworthiness of cryptocurrencies in comparison with the other assets... I suppose it's quite suitable for long-term hodling, and, in case of fiats inflation there is a chance to save money via crypto. However, there is just a chance, not guarantee, since in case of fiats inflation, cryptocurrencies can become cheap too.

Everything has risks, but it cannot be said that there are no assets worth trusting. If you don't trust bitcoin, why would you invest in it? Bitcoin is very reliable to invest but don't put all your trust in it but instead, always have a backup plan for yourself. Furthermore, if assets are compared to find the most trustworthy, then bitcoin can also be the most trusted asset because its decentralization provides the most fairness for everyone. When we have full control over our assets, it is truly a trusted asset.

Latviand

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With the experience that you've shared, I think that it's safe to say that you aren't ready to invest in Bitcoin yet, you need to learn not just some things, you need to learn a lot of things. I would say that bitcoin is trustworthy but the sites you've visited, that's the problem, scam is still a prevalent issue in this space so it's a good thing you are skeptic when it comes to websites. For now, you just have to learn the basics, getting into bitcoin isn't a race anyway so take your time.

MusaMohamed

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Quote from: Bitcoin_people on June 28, 2023, 08:14:12 PM

Bitcoin is a virtual asset in which people are able to change their lives by investing.

I love Bitcoin but I disagree with you as your post can make newbies think it is very easy to invest in Bitcoin and have profit. It is not.

Quote

With Bitcoin you don't have to think about any alternative but there is no doubt that you can be successful by investing in Bitcoin. If you invest in Bitcoin when the Bitcoin market rebounds then there is definitely hope for future gains. However, if the price of Bitcoin increases, then investing carries the risk of loss. And the Bitcoin market doesn't always stay in the same position, its volatility changes over time.

Because of market volatility and complexity of psychology, we must use Dollar Cost Averaging for our investment.
https://dcabtc.com/

Quote

If you suffer losses investing from any platform, it is your fault. Because you must consider the Bitcoin market and its volatility before investing.

Mastering the psychology of market cycles and better controlling your emotion.
Mastering the Market Cycle – Mindset and Strategies
They psychology of market cycles

Minor Miner

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Quote from: Bitcoin_people on June 28, 2023, 08:14:12 PM

Bitcoin is a virtual asset in which people are able to change their lives by investing. With Bitcoin you don't have to think about any alternative but there is no doubt that you can be successful by investing in Bitcoin. If you invest in Bitcoin when the Bitcoin market rebounds then there is definitely hope for future gains. However, if the price of Bitcoin increases, then investing carries the risk of loss. And the Bitcoin market doesn't always stay in the same position, its volatility changes over time. If you suffer losses investing from any platform, it is your fault. Because you must consider the Bitcoin market and its volatility before investing.

In short, bitcoin is a speculative asset just like gold, and is reliable to invest in. As for the profit and loss in investment will depend on each investor, we cannot say or expect that investing in bitcoin will always be profitable without knowledge or strategy. Bitcoin is like other financial markets such as stocks and foreign... there are winners and losers, the higher the profit, the higher the risk, and everything is proportional to each other. Bitcoin is getting more attention from the community because of its volatility, it can bring high returns but also high risk if invested blindly.

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Bitcoin is a virtual asset in which people are able to change their lives by investing. With Bitcoin you don't have to think about any alternative but there is no doubt that you can be successful by investing in Bitcoin. If you invest in Bitcoin when the Bitcoin market rebounds then there is definitely hope for future gains. However, if the price of Bitcoin increases, then investing carries the risk of loss. And the Bitcoin market doesn't always stay in the same position, its volatility changes over time. If you suffer losses investing from any platform, it is your fault. Because you must consider the Bitcoin market and its volatility before investing.

BenCodie

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Quote from: BitDane on June 22, 2023, 06:13:01 PM

Quote from: BenCodie on June 22, 2023, 05:22:47 PM

The fact that you called Bitcoin a platform, tells me that maybe you aren't actually talking about the Bitcoin technology, but a platform claiming to be it/something legitimate on the back of Bitcoin. Be careful.

I can't find where @OP called Bitcoin as a platform though he admitted that he invested on different platform but failed, I think, it does not mean he is saying Bitcoin is a platform.

You might be right - I read that he has tried many platforms and he's worried bitcoin is the same (putting Bitcoin in the same category, so I interpreted that he's calling bitcoin a platform)

If he means he's invested on "platforms", whether that be with Bitcoin or something else, then there's a big part of the problem. @OP 95℅+ of the time if you ever visit a " platform" and investment is required, it's likely a scam. Find a legitimate exchange, buy btc, put it in your wallet, hodl.

Quote from: BitDane on June 22, 2023, 06:13:01 PM

Quote

If you are talking about the Bitcoin technology, then there is actually nothing to trust. The ledger is kept by its users (nodes) around the globe and validated by miners. There are so many people connected to the network, that trust is barely a factor in its usage (as intended by satoshi).

I think @OP will be investing on bitcoin (the currency) and he will hodl it and sell when it hits his target price.

In that case, that's fine. I'm not interpreting that at all from his post though.

Quote from: BitDane on June 22, 2023, 06:13:01 PM

Quote from: BenCodie on June 22, 2023, 05:22:47 PM

The thing you need to worry about when using Bitcoin is your diligence, and cybersecurity. If you aren't diligent or you don't protect your coins via good cybersecurity practice, you'll likely be parted with your coins at some point.

I agree he should also learn the proper safekeeping of his bitcoins since it will need a long time profit, he must make sure that his bitcoins are properly kept.

Right. Without doing so, might as well burn some hundred dollar bills. Same ultimate result.

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Quote from: irhact on June 26, 2023, 09:16:16 PM

Quote from: Jchris50 on June 22, 2023, 10:26:39 AM

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.

Bitcoin has been around for 13years and no individual has accused it of scamming them. Bitcoin isn't like those platforms you're referring to that promise a specific return weekly or monthly. Bitcoin is an asset that appreciate in value and you have control of your coins if you hold bitcoin in your personal wallets and not on exchange or other centralized wallets that doesn't let you have full control of your private key.

Bitcoin is very trustworthy and has been adoption by a country as their currency and also other big brands has accepted receiving payment in Bitcoin for their service or product that they're selling. Bitcoin been around for more than a decade should answer your question about trustworthy.

Bitcoin is very reliable to invest in, but the return will depend on each person. Bitcoin is just a highly volatile asset, and we use that to our advantage. Profit will completely depend on each person's investment strategy and mindset, not just buying bitcoin and thinking it is always profitable without losing. All forms of investment can be profitable or risky, and bitcoin is no exception. Investing in bitcoin will not be able to guarantee anything, everything will depend on the wisdom of each investor.

irhact

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Quote from: Jchris50 on June 22, 2023, 10:26:39 AM

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.

Bitcoin has been around for 13years and no individual has accused it of scamming them. Bitcoin isn't like those platforms you're referring to that promise a specific return weekly or monthly. Bitcoin is an asset that appreciate in value and you have control of your coins if you hold bitcoin in your personal wallets and not on exchange or other centralized wallets that doesn't let you have full control of your private key.

Bitcoin is very trustworthy and has been adoption by a country as their currency and also other big brands has accepted receiving payment in Bitcoin for their service or product that they're selling. Bitcoin been around for more than a decade should answer your question about trustworthy.

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Quote from: Jchris50 on June 22, 2023, 10:26:39 AM

It's Bitcoin trust worthy for investment?

The bullish case for Bitcoin

If miners consider Bitcoin is worthy to invest their capital for ASICs, mining farm infrastructures, maintenance, power bills and more costs, you can follow them.

Bitcoin was mined its Genesis block in 2009 and after 14 years, do you think it is worthy to invest in? It was tested in 14 years and did not die.

Quote from: theymos on September 23, 2018, 03:58:25 PM

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Good first lessons for newbies.
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Quote from: Benpluto on June 26, 2023, 04:28:15 PM

I'm curious to know more concerning the market, the fundamentals and technicalanalysis of bitcoin, we ought to know the basic requirements of the market. Bitcoin is a prominent project in the space and if one doesn't know how the market operates, he or she should keep a long distance. Losses are real and I bet a newbie won't be able to withstand these losses when they comes. The market is all about taking risks and absorbing and controlling our emotions when the losses comes.

Keeping control of emotions is a crucial aspect when investing in the Bitcoin market. Losses are part of the investment and can be emotionally difficult to handle. Having a risk management strategy and a rational mindset can help you avoid impulsive decisions based on emotions.

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