Topic: The journey of Bitcoin. - page 3. (Read 756 times)

Yes, retention, which means that you have the mental fortitude to stay in the game for so long that you don't need to quickly sell to fiat for nothing. So it's not that easy to invest in bitcoin in my opinion.

And obviously, it's not a get quick scheme. The journey will be long and hard, but there are investors who survived in the last 10 years investing in bitcoin and just selling it if necessary.

Retention is the key factor here. What's the point if the investors invest and quickly sell their assets and convert them into FIAT? Investors need to continue HODLING their stash for longer periods in my opinion.

This is only possible if the pros and cons related to BTC continue to rise and fall respectively over time.

That is why we are seeing the names of crypto and bitcoin come up every other day in the newspapers which was almost non-existant 6years ago when I joined this forum. I am happy to see this development and I hope it continues and becomes even bigger in future. With some countries gradually accepting crypto as a legal tender the other governments would be forced to look back and become more lenient towards it.

About introducing friends and family to bitcoin - a word of caution, not everyone can understand how this works and how to keep the money safe - you dont want your recklessness to be the cause of a loss for someone who have very little. Always give a disclaimer that they would not hold you responsible for their losses in case they incur any.

I once read an article that says that bitcoin users in 2021 reached more than 300 million, a significant increase in African countries occurred up to thousands of percent so that now cryptocurrencies are getting stronger, naturally if many millions of world continue to invest bitcoin because of a huge potential in the future.

That's one success you did, but the next problem is, do the friends you teach know the risks of investing in Bitcoin?

If not, then you should work harder to provide an understanding of risk and fluctuation, because if they make a large purchase and bitcoin conditions suffer a severe correction, then panic will frustrate them and try to reduce their losses by selling bitcoins in a correction market . Many cases say that bitcoin is fraud because it has suffered losses, but that is wrong because they do not know the right pattern to enter the market and wait for recovery, so they try to cut losses by selling bitcoins in unfavorable market conditions.

Does internet access in your country have problems, if not you don't have to bother introducing bitcoin to people, the only problem that makes people not know about bitcoin is because internet access doesn't exist. In general, people already know bitcoin and how it works, let alone the technology-savvy generation and they are quite easy to learn bitcoin with methods that are widespread on the internet. If you were trying to teach people about bitcoin, just name one thing you would say to convince people about bitcoin?

Erratic price fluctuations in bitcoin will bring your sermon to the stage of insults, especially if you are trying to teach those who do not fully understand bitcoin. Many people now know bitcoin, but also many people who would publicly not be ready to go any further.

actually there is no problem opening several Bitcoin wallets or only opening one wallet for trading or storage, it's the same but it all comes back to the person in managing their strategy to be able to store different amounts of Bitcoin in several wallets for both trading and storage strategies.

I realized that I also did this myself, created several Bitcoin wallets just to be able to manage my Bitcoin trading and storage properly without any calculations because I already stored them in different places.
but of all that the most important thing is in keeping it safe.

If you do it for trading purposes, it means you only need to register on several exchanges by making one of the Bitcoin wallets as your master wallet. Because you can save every Bitcoin you have before you trade it into a certain exchange that you have made before. So actually you don't need to create more wallets if just one wallet can give you unlimited access to do what you want.

The first time I heard of bitcoin was in 2013 when Bloomberg TV often brought bitcoin trending on tv because of the fantastic increase at the beginning of the year around $100 then passed $1100, since then me and some friends often discussed bitcoin, there were friends who were mining in 2015 and when there was a spike in prices in 2017 he got a big profit to buy several houses and apartments which until now he rented out so he gets passive income.

Have you ever realized that Bitcoin has a special place in the hearts of people around the world, new investors will keep coming to save their money in Bitcoin because they believe in the rewards that might be obtained. The process of teaching and learning how to use Bitcoin will continue indefinitely. People who already understand how to get Bitcoin will continue to teach their friends and relatives to be part of the people who have already profited from Bitcoin.

I agreed that Bitcoin is here to stay , but from what statistic that there are 190 million people have invested in crypto?or in bitcoin specifically ? because of the address created? a single person can create as many wallet he wanted so I don't think that we  are talking about proper counts here.

But i want to support about Bitcoin heading towards future and to serve all people in the world, but expect not that fast or big instead just let it happen mate.

Considering how the numbers have risen over the years since its inception, this is a significant improvement. In the next ten years, I hope to see a larger group of people using it, reaching 40-50% of the world's population by then.



There is a need to educate people about bitcoin, and raising awareness is a good thing. It is critical to inform people about the benefits of investing in and holding bitcoin. Many people may have heard of it, but they are hesitant to invest because of the false information surrounding it, which discourages them. It is important to raise awareness, but we should not force or persuade anyone to join; they should do so of their own free will.

This seems to me the typical approach used by shitcoin shills and pump and dump promoters. And they're doing it primarily because their tokens or coins or projects themselves have no value whatsoever. This approach is also close to the Ponzi scheme.

If you convince somebody to buy a coin for no reason other than buyers could increase in the future and therefore its price as well, it sounds more of a scam to me. That's too shallow a reason for anybody to buy. And that's too self-serving for the seller to sound legit.

I think it would be more convincing if you present Bitcoin to them as a revolutionary technology than provide them the prospect in terms of number of investors.

It is normal that hatred for it will increase, especially from the government, which contains fanatics who do not like bitcoin. But even so, there must be people from the government who want to open themselves up to something new like bitcoin and will think positively about investing in bitcoin. And ordinary people who see bitcoin as a way to have a better life in the future are also investing in bitcoin.

But becoming an investor requires a lot of things, especially in bitcoin because the price patterns tend to fluctuate and make many of them fail to become investors. Many of them couldn't bear to see the price change so fast and they thought it would not be profitable for them. And maybe the bitcoin journey is still very long to follow and we can never see the end of this bitcoin journey.

I think it's definitely the right formula, after all if you keep buying and everyone keeps buying and nobody is willing to sell it cheap, then it must go up. I agree that there are some costs involved, but that doesn't mean that it will be as high as the buyers, the moment we are talking about is billions bought and not sold, that's how it goes up.

Long term is the way to go if you want the best for bitcoin and for yourself, if you buy and not sell for years and if enough people do so, then the price of bitcoin will go up. This is not happening right now of course, or at least not happening in general, just few of us, but that is the path to having bitcoin higher.

This is no longer the time to teach and introduce Bitcoin to friends or the like, now that technology is advanced, 100% of people in this world use Android, everyone in this world access the internet, this is not the year 2009, limited information and advertising.

Believe it or not Bitcoin/crypto advertisements can be found and seen everywhere, in the world of sports, business, TV, newspapers, magazines, and so on, you can easily get crypto/Bitcoin advertisements or information, What's more, you can find everything on the internet and how to use Bitcoin and so on.

Now, what people need to do is: whether they want to invest in crypto/Bitcoin, that's the main thing that must be instilled in people's souls.

Telling them about Bitcoin does not guarantee someone will become an investor/investment, I'm sure 100% of people in this world already know about Crypto, the basic will and belief someone does something. the main point.

You can also catch me on the Bitcoin Investing New Member List. Because I am trying to get some ideas about investing and when I get ideas about investing I will invest in Bitcoin first. I have been planning to trade bitcoin for a while now.  Besides trading bitcoins I will try to gain some idea about investing After gaining a rough idea about investing I will invest some amount of money in bitcoins. Because there are many people here who share their success stories that they have been very successful in getting married to Bitcoin. I also want to be a successful investor. Hope I can become a successful investor by investing in Bitcoin.

You know many communities here in the bitcoin industry have shared bitcoin in their respective communities where they have talked about what good bitcoin can bring and how it can be used.

     And all over the world today, many people want to have bitcoin, although most still do not believe in it, for 12 years in this industry, many large companies have recognized and accepted the concept of bitcoin. And continues to share how important bitcoin is in people's lives and how it can help.

As Bitcoin popularity grows, the hate for it is also growing and as a result some countries will ban it. Not all wants to be an investor but those who are into it will start has a positive mindset but as a newbie investor, mistakes are still there. It's fine as long as we are willing to learn from it and stand up again as a stronger version of our selves.

Bitcoin can make a person curious and it occurs not only because of its increasing value so those who will try it will not always end up as an investor. When it comes to introducing Bitcoin, we should start at the very beginning and don't just jump in and say that Bitcoin is great for investing as some things could go wrong.

The number of investors will increase from year to year as the popularity of bitcoin grows. If you want to become an investor, you must understand how to be a good investor to benefit in the future. With the increasing price of bitcoin from now on until it can reach a new ATH later, it will make many people curious and want to try becoming an investor.

But if they don't want to learn to be a good bitcoin investor, they won't be able to get as profitable as other bitcoin investors. We can introduce bitcoin to other people, but we must not force them to invest in it because it is each person's choice. We can only introduce bitcoin to them and then it's up to them.

This cycle will continue indefinitely, the interest of the people will continue to increase due to their awareness of Bitcoin. Bitcoin will incarnate as a wealth storage instrument for those who do not believe in the banking system.
The number of people investing in Bitcoin will increase in the following years, the more people who are interested in investing in Bitcoin will further expand the functions and uses of Bitcoin in the future. If bitcoin has spread throughout the world, maybe Bitcoin will become the main foundation for transactions between countries on the internet or be adopted as a global internet currency.