Topic: It's Bitcoin trust worthy (Read 745 times)

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

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.

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.

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.

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.

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.

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 "

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.

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.

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.

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.

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.

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.

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

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

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.

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.

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.


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


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

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.

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.

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.


Good first lessons for newbies.
Satoshi's lesson
Welcome message

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.

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. 

You’re welcome OP. I’ll start by saying that no one is an island and we’re all here to learn and relearn which requires us to also make mistakes. ”Is Bitcoin trustworthy?” should be your topic. Also, this is a vast community/forum which most most basic questions have been answered. I’ll suggest you start by going over the forum and I bet you’ll find the basics of what you’re looking for and will reduce your worries.
Nevertheless, Bitcoin can be viewed as trustworthy due to its decentralized nature. What does this mean? It means that bitcoin is not operational or controlled by any government, bank or organization. But this doesn’t change the fact that it is risky cuz just like any other financial market bitcoin is also volatile, which means it price can fluctuates. It is also important to note that there have been instances of fraud, hacking, and scams in the Bitcoin and cryptocurrency space at large, this is why one need to have an in-depth knowledge about bitcoin and cryptocurrency to be able to securely invest and trade the space without any fears.


I urge you to make use of the "Beginners and Help" forum to further enhance your understanding on Bitcoin.
https://bitcointalksearch.org/topic/general-bitcoin-wallets-which-what-why-1631151


Once again, welcome.

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.

If you don't believe in Bitcoin then don't invest in it. Because you might not like the outcome at the time you want to take your fund back in the investment. Bitcoin price is not stable so you don't have to invest without understanding the concept of Bitcoin. You have to study the movement for some times before starting the investment. Those who invest in Bitcoin, invest in a long term and also have the faith for both the short term and long term.

Bitcoin does not need trust. Its open source and so is the blockchain. You can verify everything for yourself, if you can understand it. If you cannot understand it then it might seem like an issue of trust to you.

As far as how secure Bitcoin is: Bitcoin is only as secure as the person holding the wallet. If you lose the key to your wallet or it gets somehow stolen or scammed from you, then that is 100% on you and chances are, you might not catch the criminal who did it. Although you might get your money back if centralized, non-self-custodial crypto exchanges catch him and freeze his stolen funds, because of your tip-off. But thats hoping for a dumb criminal, if you ask me.

Every investment has a scary first step but once you have made it, you need to hold on to your coin. Because the price fluctuations can scare you into selling for a loss. I do not recommend watching the price everyday.

What do you mean, the reputation of bitcoin or some other coin, bitcoin has been around for a long time as well as this forum. You should choose reputable bitcoin trading places, big CEX exchanges

Whether Bitcoin is worth investing in depends on various factors, including an individual's risk tolerance, financial goals, and understanding of the cryptocurrency market. Bitcoin's potential for growth, increasing acceptance, and diversification benefits make it an attractive investment option for some. However, it is vital to acknowledge the risks associated with its volatility and regulatory uncertainties. Investors considering Bitcoin should conduct thorough research, seek professional advice, and approach the investment with caution.

OP, when you invest in Bitcoin, you don't invest on any platform but instead, you just use these exchanges to buy Bitcoin and then later on you'll be the one to hold it.
Investing in platforms doesn't sound good if you're into Bitcoin because it's likely that you're depositing it on these Ponzi schemes and you're not safe with those.
They'll promise you to earn hourly or daily and then will show you percentages of returns but all of those are just projections and fooling you until they're going to go away with your deposited Bitcoin.

this is rather too mean than necessary, isn't it best you had passed than give this as a response.

It's OP money, and there's no crime is trying to figure out how genuine what he intends going into is.

Trustworthy for investment in what manner? because the question sounds as if you are expecting bitcoin Investments to be risk-free which is not, trust me, there are many risks involved someone investing in Bitcoin that he must not overlook for example, I can only tell you that you can make a lot of money investing in Bitcoin but I cannot guaranteed that your bitcoin will be safe till the right time to sell your bitcoin for example, you can start using a bitcoin wallet and you mistakenly leak your private key yourself and doing so your bitcoin get stolen, that's on you not me.

Secondly you can proceed with the amount that you're not ready to lose and when it's the right time that you need the money, Bitcoin might have dumped massively and you won't be able to control yourself and you will end up selling your Bitcoin for a lesser price which means you are at loss.

Bitcoin is not a risky free investment.

You tried many platforms like? Bitcoin is not a platform, it's a digital currency/asset that has few advantages and it's more like the peoples money because it depends on it's decentralized capability, if you are talking about High Yield Investment Plans or MMM Ponzi schemes well Bitcoin is not like them.

And do not expect a big income or gains like HYIP from Bitcoin, you need money to invest buy dollar cost average weekly or monthly or when you can afford it and you also need a lot of patience, I will advise you do some research first on Bitcoin, even if you buy how are you going to keep your Bitcoin safe? Learn about Bitcoin wallet and keeping recovery phrases safe first.

Create time for yourself and do a lot of digging on Bitcoin before you start buying, find and know the best wallet to store your Bitcoin and also know that Bitcoin investment takes time to yield, this is not something you can make a lot of money from in weeks or few months, so invest what you can afford to lose as it's still a risky bet.

How come your last experience was bad which makes you come up with this stuff to believe whether it's trustworthy or not? I believe you have used some exchange or centralised platform which have put restrictions or gone bankrupt.But if you have understood about why you should invest in it you won't have this question but you would have already be aware about it so first of all have your research rather then asking to others.

Intriguing argument, but isnt your statement somewhat one-sided? Yes, scams are prevalent, but is every skeptic a victim of a scam? Might it not be the case that their concerns stem from the erratic trends and the decentralized, unregulated nature of Bitcoin? Surely, we all agree Google is a handy tool. However, can all the complexities and nuances of a subject like Bitcoin be unraveled by a simple Google search? Is it not our duty as a community to help one another navigate these complex terrains?

Indeed, Bitcoin has empowered many, but hasn't it also left many in ruins? Is it not crucial to acknowledge that while Bitcoin may be a profitable investment, it also comes with significant risks?

Last hope sounds like the wrong vibe. If you're losing money, trying to invest and hope that this will get your money back is IMO a bad idea because one should only invest what one can afford to lose. Bitcoin itself is a top cryptocurrency, occasionally the highest performing asset, and overall it seems to have a long-term upward trend, recovering from bear markets. I can see that by simply looking at the price chart. But is there a guarantee that Bitcoin will recover and will grow? No, of course there isn't. Also, with Bitcoin it's very important to ensure that you're buying what you think you're buying (as there are other altcoins that claim to be Bitcoin, like Bitcoin cash or Bitcoin SV), to buy it at a highly reputable exchange, and to safely store it in a non-custodial wallet (the one to which only you have access, like Electrum).

OP are you having a doubt on Bitcoin based on the scam platform you have been introduced to? There are many scam platforms that offers Bitcoin payments after performing some certain task or investment, maybe you were introduced to one of the platform that makes you feel Bitcoin is not trust worthy, one of the functions of google is to research, investigate and get information about a particular system or platform to know if actually is real or not before you could venture into instead of coming here to make this kind of Statment which you were suppose to researched on before joining, to me this question is an irrelevant one, if I may ask, do you think anyone will be here if bitcoin was not real? As the matter of fact Bitcoin has been on existence for years and has empowered many, all thanks to the founder.

So among all the coins to invest Bitcoin is the best but it all depends on your money and how you intend to invest it, one thing you most know is that sometimes market could be volatile as such going against your trade. A friend ones told me that in times of investment you should invest what you know will not affect you mentally if it doesn't work the way you expected.

First of all you needed to have basic idea about Bitcoin. Many curious people express their interest to know about this especially when they first know about Bitcoin. The reason is expressing these words is that you are completely new. There are many reasons why Bitcoin is called the king of all crypto coins. The first digital currency considered as Bitcoin. It is completely decentralized which makes it different from all other currencies. To believe in something, one must have a good idea about it. And to get an idea about Bitcoin, you must spend time here to know the various aspects of Bitcoin. Otherwise you will fail to believe in Bitcoin.

Doing Your Own Research is really the best way to learn Bitcoin at most but listening to other user most notably fro mreputable users is not a bad idea too. They don’t give financial advice but rather just a ways to protect investment and at the same time have the a profit on a safe way which is in the form of buying and holding Bitcoin alone.

The very basic strategy on Bitcoin is just holding which many users failed to do since they are aiming for more profit by venturing out on altcoin which is the dumb ways to do when you are just starting.

If you have been introduced here, the best way is to learn everything by yourself instead of listening to someone and then making unnecessary losses and mistakes. Any investment will be profitable and risky, nothing is 100% safe only profit without risk. Can you tell us where you lost your investment? Because if you have invested in stock, forex, and lost, then chances are it's your fault, not theirs.

Sure, old failures may sting, mate. But don't ditch Bitcoin or any cryptocurrency. Bitcoin's appeal lies in its decentralization - no central honcho dipping fingers in the pie. It's algorithms and mathematics, exceeding human trustworthiness, if you see what I mean. Yes, it's unstable, but with instability comes potential for colossal gains. This isn't a quick wealth recipe; patience and diversification are the spices.

Always do your homework with any investment. Grasp how Bitcoin functions, its past, and its technology to gauge its potential. Remember, "Knowledge is Power." Bitcoin could be your pot of gold.

The answer to your question is yes, because Bitcoin as a digital commodiy is decentralized, that's to say one person does not decide what happens here, with the help of blockchain technology, regulations and rules are been decided by the community members as I call them or network members, And you should also know that Bitcoin transactions are irreversible, that's why you should exchange with trusted people or institution so that you funds will be safe, this digital currency has come to stay, this makes it indistructive. Bitcoin Transactions are trustworthy but trade with established registered vendors/ known individual as I said earlier, to avoid regret. People has started facing reality by accepting Bitcoin because they now see it as a reliable means of payment. In conclusion, The trust worthiness of Bitcoin will be dependent on individual and his or her detailed research about this commodity and it's technology.

As we know Bitcoin is a decentralized digital currency that works through block chain technology. This technology works in a way that confirm transparency, security and immutability of any transaction. Bitcoin has gained tremendous popularity and acceptance in the present time. Yet the trustworthiness of Bitcoin remains a matter of debate and individual interpretation. Bitcoin's trustworthiness from fundamental design principles and underlying blockchain technology provide a much higher level of security. However, Bitcoin's value can be volatile due to market fluctuations and can be subject to speculative behavior that makes its reliability highly confusing to users.

everyone always has a different opinion on this, that is, there are people who believe that investing in bitcoin will provide many benefits and there are those who think that investing in btc will only make lose, so basically there are always pros and cons.

I think you should do your own research and learn what btc is, what are its uses and what are the advantages of investing in btc and what are the risks of investing in btc.

and you enter the right forum, of course you will gain insight here as long as you continue to read, ask questions and study here.

and you can also look for it on the internet like on google and so on.

If you are referring on investments — in long term investment, yes. But if not, it's too risky, and should trade with caution, knowledge, skill and experience is the key.
There are many how to articles and videos out there.

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.


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.

Op I can see that this is your second post in the forum, and I may say from your write-up that you are a complete newbie who doesn't have any knowledge about Bitcoin or cryptocurrency in general. Now I will advise you to calm down and learn first before you start following people's advice without doing your own research. These types of questions do not really need to be asked, let your knowledge convince you and earn your trust about Bitcoin.
 
I don't really know how many platforms you have tried and failed on, and honestly, I don't want to know because I believe that you are trying to talk about ponzi schemes. But let me clear your thoughts with this: bitcoin is a digital currency, not a scam,but you can easily be scammed if you don't have proper knowledge about it before you investing.

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.

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).

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.

Please be advised that Bitcoin is highly volatile, if you are investing for a short term, Bitcoin is not for you.  Bitcoin investment is proven to be profitable if the investor intended to invest in Bitcoin for a longer time like investing in bear market, (the Bitcoin price crashed after the recording of ATH) and cashing out on its peak during a bull market (happens inside the 4-year cycle).

It is also a good thing for you to learn the Bitcoin price pattern.  It will enable you to avoid unnecessary worries during your Bitcoin investment venture.

What do you mean by trustworthy? Bitcoin has been around for more than a decade so why would you still think it's a scam? I'm confused. I believe you should learn more about bitcoin before starting a topic like this. It's important to have a basic understanding and then you can ask more informed questions if needed.

If someone introduced you to bitcoin as you said, you could ask them about how it works and learn the basics. In other ways, you can just read online as there are plenty of sources available. Bitcoin is truly interesting and can be very useful if you know exactly what you're doing.

Abori is very correct, because the amount of capital you hold as an asset in bitcoin determine how much you make when the price increase and how much percentage your profits will be in total and having a dream with bitcoin is a risk in itself but also investing a small amount hopping for a miracle could also lead to frustration on the long run and so at that, you need to be abke to hold a tangible amount i bitcoin that can guarantee a good portion when the price increases rapidly.


Ops shouldn't ever trust third-party because that is what Bitcoin has struggled to abolish for a while now and those that practice the method of avoiding third-party involvement are the ones that escape scammers.

I swear Bitcoin can be trusted more than the bank you keep your money in. More than any currency of any country in the world. You are very lucky you were introduced to Bitcoin now, you are still early. Btw, what were your previous unfortunate investments?

When you were introduced to it, did you go out and did your research? And I hope whoever introduced it to you, he/she may have given every information about it. Because it's you, and you have to be the one to make that decision. All we can do here is to give you information about Bitcoin. Its advantages and disadvantages, risk, profits, how to keep it secure and how to risk management, all that stuff. We can not say if it's trustworthy or not. To me, I trust it, but after you know all of it, you may trust it, or you may do the opposite. So again, it's totally up to you.
Go do your research first and decide what you want to do. After that, if there's anything you are unable to understand, we are here to guide you through that. History speaks for itself. So if you really want to know about it, dig the history and learn from that. It's the best teacher.

What do you mean by you’ve tried different platforms and didn’t work for you and this is your last hope? Did you try investing in other alternate coins and failed in the investment or you invested bitcoin through the means of another platform and you were scammed or lost some part of your bitcoin to the volatile nature of the market.

Bitcoin is good for investment and very trustworthy too. You don’t need to panic about your investment in bitcoin if you really understand the whole concept about what bitcoin investment is. If you’re looking for a crypto currency to invest in and earn maximum profit, investment in bitcoin is the best as it has the ability to definitely appreciate back despite any downtrend it must as faced in the market.

Be warned Bitcoin is not a platform, I believe you have been investing in Ponzi schemes that all claims to be Crypto-currency based but the truth is that they Are Not. And you are still referring to Crypto-currency as a platform, you would continue to loses money if you don't spend time to actually learn.

Investing in Bitcoin is great but also pay attention to how to Buy Bitcoin securely and also how to save Bitcoin in your personal wallet.
https://bitcointalksearch.org/topic/general-bitcoin-wallets-which-what-why-1631151

Bitcoin is the number one cryptocurrency project in the market with an anonymous developer called Satoshi Nakamoto many years ago.
You will need to know some certain things about Bitcoin before you decide to invest in it so that you will not be taken off guard. It is important you read what Bitcoin is and how volatile it could be if you hold it.

The mistakes many newbie investors make about Bitcoin is thinking that it can give them fast money if they invested in it. It is not a ponzi scheme so you don't expect to get rich over night by being an investor. You can read somethings about the market cap and exchanges you can buy Bitcoin on Coinmarketcap so you will know and understand where you are putting your fund when you finally invest in Bitcoin.

Those platform ypu said you tried are not bitcoin and as a matter of fact, you have been a victim of a scam all the while thinking you have invested in Bitcoin, and the simple way to invest in Bitcoin is simply by owning your own personal wallet with private keys that enable you access to the wallet at any time, the buy you bitcoin and hold it in the wallet.


This is the most simple way to invest in Bitcoin and be in control of the assets, all other profits guarantee ways call investments are all Ponzi schemes.

Please don't come with all your hopes to bitcoin  with small capital and if your hopes can worth upt $30k dollars now then I don't think therebis any need to give up hope as there is more than enough hopes for you but coming to bitcoin  with all your hopes and a capital of $100 dollars and expecting to buy a house and a car and also travel out dream destinations is insane and I'm so sorry  I had to come out this plain  to you but I also want you to accept life's challenges and move on.
You're welcome to the forum but I want  to advice that you spend more time now reading  and studying about the asset(bitcoin) you want to get involved with and to make things easier for you.
 I will suggest that you pick just one specialty in the field  and focus on it now , as there so many opportunities in cryptocurrency  and you should  try not to let them distract you.

Is Bitcoin trustworthy? Yes, absolutely!
Is Bitcoin worthy investment? That is up to you to decide. Bitcoin investments are not without risk. But never invest your money based on someone else's opinion.
Are the platforms trustworthy? It depends on the platform. While some platforms can be considered trustworthy, others may not meet the same standards.

The best thing you can do is to buy Bitcoin and store it yourself. That is the whole point - Bitcoin operates independently without the need for banks, intermediaries, custodians, or other platforms.

What platforms are you using? Is it Ponzi? HYIP? We need more information, as we really don't know why you've said that bitcoin isn't trustworthy. My best guess is that for sure you've invested in someone and you've been scammed, and now you are blaming bitcoin. Try to check the history of bitcoin and see with your own eyes if it is still not trustworthy. A ton of people invested in it, and a ton of people also got rich on it. You need to learn more about bitcoin. Try to explore this forum. You'll gain tons of knowledge here and see the real perspective on bitcoin.

Define your goals and where you are going to do it. don't do what you are not good at because it is indeed asking like this for the bitcoin community just like @Furious 7 said the answer will only be the same as the trust in it because we are in the environment of crypto and bitcoin lovers. Unlike if you ask elsewhere.
I think you have to realise that this cannot be convinced just by asking because this needs more learning because if you only ask on the bitcointalk forum I actually feel that you already know what the answer is and actually doubt it so you need to look for independent information or research further so that you fully believe it.

There are many topics like this and I think instead of creating a new thread you better read some related threads about this because in the end the conclusion is still the same.
Even though there will be many different opinions, when referring to beliefs, I think the conditions will not be much different from before.
You cannot follow other people's beliefs in this matter because you yourself must determine whether you believe it or not and that can all be obtained when you study further in terms of observation and learning that must be done.
Asking the trust of the people who are here who can be said as a community for bitcoin the answer will still be the same because trust is the last thing that is definitely the answer so I think asking this to bitcoin lovers is clear like dropping a drop of water into the sea because all the conclusions will be the same.

What do you think?
What have you heard about bitcoin?
What do you think there is a whole forum created where 90% percent of the conversation that goes on here is about bitcoin.
If bitcoin is not a trustworthy project why do you think the whole world want to shut it down, regulate it, and ban it?
If you are here for the long term and not to get rich overnight then you will see that it is a trustworthy investment. but if you expect to make profit over night then, you may end up concluding that it is not the right investment for you.

Those things you did which no one knows failed you doesn't mean bitcoin is also going to fail but that also depends on your definition of failure. Bitcoin is currently the most trust worthy crypto currency and it has proven its worth in different ways in which users tend to go about the use of it especially when it comes to it use an investment means.

What are the things that you did that failed? I would have suggested you give a bit of a narrative of what they were, because that will determine how you handle your Bitcoin investment. Normally, Bitcoin is for everyone who embraces it, but embracing Bitcoin means you need to learn how it works, the security measures to safely secure your assets, and how to make your privacy a priority. Why I think you should have given a bit of detail is so that the user here will know how to guide you very well on the aspect of Bitcoin investment.

But if you must know, and also speaking for myself, Bitcoin investment will not fail, but if it does, then I will just take it as one of those things that is always preached about not holding all your eggs in one basket. That's why you should also take note of the rule that states, "Never invest what you can't afford to lose." The reason is so that if anything goes wrong, you will not have total regret. Also, investing in Bitcoin means that you will learn how not to joke with your wallet security; otherwise, you can lose your asset entirely.

Again, Bitcoin investment is good; just learn the rules that apply and you are good. Note that you buy the dip and hold it until you make a profit that you are satisfied with.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

In the year of 2023 no one but newbies are going ask this question.
Your question will be more appropriate if you ask that if Bitcoin is suitable for investment to gain profits. Obviously there is no doubt about the trustworthiness of Bitcoin. It's the first digital virtual currency which is decentralized and also the most popular.

You can have some knowledge about it's popularity and volatility if you take a look at the chart. It has gained all time high price for several time and pumped hard. But as it's volatile it dumps also in the bear market. So take a look at the chart and hope you learn if it's a good investment for you or not. If you can afford some risks of market crash or going to invest for long term then undoubtedly it's the best investment to choose.If you want a safe investment then you should research more and have to choose the right time to get in. And always use non custodial wallet for your funds safety.

Here is Historical Data of the Price of Bitcoin:


Image Source: https://bitcoinmagazine.com/guides/bitcoin-price-history

Yep, bitcoin is trust worthy and has a great potential. It is used currently as a store of value because of its volatile nature and it is also inflation resistance. Bitcoin have been existing for 14yrs and has become one of the most valuable asset in all assets. Bitcoin was created to be an alternative currency,it uses a p2p method of payment and goes beyond boarders without a third party. It gives privacy and gives financial freedom to its users. All these has made bitcoin worthy ever since it was launched. The rate of adoption keeps on increasing everyday by day and has overcome every form of attack on it from government and scammers.

You are welcome to the forum

If you are not sure about Bitcoin, you don't need to buy Bitcoin for now, take your time to read more about why Bitcoin was created and understands how it works and what benefits comes from holding Bitcoin.

If you are not confused after doing these, then Bitcoin is not for you.

No one told me about Bitcoin, I was just so fascinated about the innovation and I took the risks myself, I knew about Bitcoin for a whole year without investing a penny, and I so much enjoyed reading about Bitcoin and trying some things out myself.

Check the price history and how long does Bitcoin keeps maintaining a consistent price growth. Bitcoin is trustworthy than stocks and other cryptocurrency because its a real decentralized asset which means no one controls it aside from the community.

Blackrock and other huge financial institution is already making their move to be involved on Bitcoin. This is a great sign on how trustworthy Bitcoin is.

Of course, why would you doubt it with bitcoin?
Bitcoin has been dominated as an important asset in the digital world, the price is now holding up well even though there is volatility, but believe in bitcoin that this is a long-term asset that must be stored, so you don't need to doubt bitcoin, if you are still unsure, learn about it first how bitcoin works in the market and how the cycles occur.

One more thing, you have failed a lot on the platform, so that's your fault, why do you trust so much a platform that easily deceives you? If you buy bitcoins and keep them in a non-custodial wallet then you will never be scammed at all.

Yes, Bitcoin is trust worthy, it is far more trust worthy than fiat currencies that we all are using on daily basis. Bitcoin is a very valuable and a great asset for the ones who want to invest into it because the returns from Bitcoin investment could be as high as 2x in coming years. Some people even predict that Bitcoin could reach higher price of $120k in coming bull market which is expected to take place in 2024-2025 after the halving event. Bitcoin was introduced in 2008 and since then it has been delivering up to the expectations of the investors without any issues, and that's why you can trust Bitcoin for your investments.

I recommend you to learn about Bitcoin first because many investors make a mistake when they want to invest in Bitcoin. Most of the investors chose custodial wallets for their investment which isn't a safe way to invest in Bitcoin because those custodial wallets can not be trusted. If you really want to invest in Bitcoin then you should definitely learn about Bitcoin wallet software like Electrum, and once you gain enough knowledge about that software wallet then you should invest a few dollars in start until you learn everything about that software wallet.

Make sure during the creation of your personal wallet you should save your private key and your seed phrase. I have seen many people who forgot about saving their private key or seed phrase and later lost access to their Bitcoin. I recommend you to learn about the private keys and seed phrases first and then you should create your personal wallet. Once your wallet is created you should save your seed phrase and private key on multiple storage devices that are in your control. You should never allow anyone to access those storage devices, and you should also backup your wallet.dat file on those storage devices.

Once everything is done and you're sure that you have gained enough knowledge about Bitcoin wallets then and only then you should invest in Bitcoin and once you purchased Bitcoin then send those bitcoins in your wallet, and after receiving your bitcoins in your wallet you should disconnect that device from internet and turn it off. Never use that device again, and only use it when you want to resell your Bitcoin for a higher profit.

You should correct the grammar mistake in you heading and post too. Which is, it's bitcoin trustworthy, it should be like is bitcoin trustworthy? Well, coming to your post let me tell you Bitcoin is not a investment platform like any other platform which assures you big profits on daily, monthly and yearly basis.

Btc is a digital currency, and you better know how a currency is used and for what purposes. Other than that, BTC is the best source to store value for your money. I am assuming, you have not a slight information about BTC, and still it is your last hope because last hope means definitely something important option. Well i recommend you to read the following thread before jumping into your last hope.

• The most iconic bitcointalk threads. History on Bitcointalk

By reading above thread, you will atleast get some knowledge and will definitely understand the functioning of BTC. There are so many thread i could recommend you, but that will lose your heart to move forward to it. So, i think, for now just watch some videos about BTC and how it is the Father of all digital currencies.

By your question, you more than likely have very little idea what Bitcoin is so you better learn more about it from what you need to know and how it works.

Read more of it in https://bitcoin.org/en/

To answer your question yes. It's worth it. You wouldn't be introduced to it by someone if they haven't seen how amazing BTC is from being a software to a currency investment.

There are many mean to trustworthiness when it comes to investment but if by any chance you are looking for an investment that has the ability not to devalue or is a long store of value then bitcoin ins that investment. If you are also looking for something that isn’t under government control then bitcoin decentralization offers that.

Also it is well known that investment are majorly assets that have the potential to grow in profit and also bitcoin is a great ROI assets due to its volatility, but just like other assets this same volatility is what makes it a risky investment because just like it increases it also most at times have its lows. But with long term holding plan, the risk of getting to it lows to the point where you sell at loss is minimized.

If these are all you seek from an investment asset then bitcoin is that asset

Coming up with a topic which is your first on a forum dedicated to Bitcoin. Then asking a question about trust worthiness of Bitcoin, is stupidity. Bitcoin has been in existence for more than a decade. Try some Google search about it and you will find a lot of answers. Considering the amount of spam on this board. I think you just slided away from getting banned on this forum in a illiterate  manner as you could have got your answer by simply.doing a Google search.

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.