The journey of Bitcoin. - page 4. | Bitcointalksearch.org

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Quote from: uche6215 on February 04, 2023, 08:44:36 AM

And I think many more people are still trying to invest on Bitcoin, I have friends which I introduced to Bitcoin and they have invested already.

As adoption increases, so as investors and people who wants to invest into Bitcoin.
It's good to you that you managed to attract some friend of yours and convinced them to invest into Bitcoin. Unfortunately, I don't have the courage to share my information to other people unless they're the ones that will approach me because from that, I can feel that they're interested into it. I don't want to spend time to people who aren't interested at first place.

Quote from: uche6215 on February 04, 2023, 08:44:36 AM

So guys for you to be a good investor you have to introduce Bitcoin to other who are not on this forum, enlighten them couch them how it works too.

I disagree. That's pure stupidity.
So you're saying that I'm not a good investor since I'm not introducing Bitcoin to other people? What kind of mindset is that? Is the basis now of an investor being a good one or not is thru introducing Bitcoin? I'm neither a good or a bad investor and TBH, I don't know what's your basis of an investor being good or bad. If not introducing Bitcoin makes me a bad investor then take all my Bitcoins then. Tongue

Quote from: uche6215 on February 04, 2023, 08:44:36 AM

BITCOIN IS HERE TO STAY.

As long as there's demand, as long as there's investors who are willing to invest into it then it will stay. Just look at Stock Market. Been here for many decades, but it's still there.

xSkylarx

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It would be more than doubled because the rate of increase from 2009 up until now has not been that fast-paced because not all people have internet access and devices to browse the internet before, and comparing right now, we are more computer literate than before, so it would increase the number of people adopting bitcoin as it is spreading very quickly all over the internet as well as televisions. I usually introduce the forum to my friends who are learning crypto or already have experience, as this forum gives a lot of information, and if they have questions, they can easily post them here so the members can answer them.

pantek talacuik

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Quote from: Ludmilla_rose1995 on February 05, 2023, 01:40:48 PM

bitcoin is an investment that will be very profitable for anyone, and if more and more investors are looking at bitcoin as their long-term investment asset, you can be sure that the price of bitcoin will boom. the formula is very simple, the more bitcoins are sought, the rarer they are, and the rarer bitcoin, the value goes up.

Are you sure about this formula? by looking for Bitcoin all prices will go back up and you don't think about how much the transaction fee will be every time you buy and sell Bitcoin in the crypto world. I think more factors that make changes in the price of each virtual currency at this time. I'm more waiting for the price of Bitcoin to decrease very far to be able to buy in large quantities.

Popkon6

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Quote from: uche6215 on February 04, 2023, 08:44:36 AM

So guys for you to be a good investor you have to introduce Bitcoin to other who are not on this forum, enlighten them couch them how it works too.

BITCOIN IS HERE TO STAY.

Bitcoin has spread like a net around the world. Day by day people are leaning towards modern era and people are keeping pace with the modern environment. Bitcoin is illegal in the country I am a citizen of but I secretly invested in Bitcoin. So every country has a large number of Bitcoin investors. Almost half of the world's population is involved in Bitcoin. We will all discuss Bitcoin in detail with people around to invest in Bitcoin. As the number of investors in Bitcoin increases, so does the price of Bitcoin.

TimeTeller

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Quote from: Oceat on February 05, 2023, 12:48:03 PM

Sharing your idea is okay as long as the listener is enthusiastic but if they aren't then it's useless to share or continue since they won't listen to you the whole time. Let their curiosity teach them and if they find you to ask questions about it then that's the right time you have to help them.

It's been a long time since Bitcoin existed but I'm not sure if everyone know about it since most of them never heard of it for the first time. But it's up to you if you want to share it to them or leave them alone and find those who are interested in investing to Bitcoin. You can't force people to invest on Bitcoin if they don't have a clue what they are investing.

That is very true. You are just wasting your energy explaining it to someone if he has no interest at all.
Some have negative perception also because of the bad news they are reading relating to crypto.
Let them initiate to ask about btc, because with such curiosity, they will try to listen and understand what you have to say.
All the other info can be found also over the internet, so people would just like more of assurance what they are getting into if they want to talk with you about this matter.
You will only get disappointed if you try to share what you know of to people who are not willing to listen.

Moeda

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Quote from: michellee on February 05, 2023, 10:11:27 AM

Quote from: Moeda on February 04, 2023, 03:54:51 PM

Maybe many people already know about crypto, especially about Bitcoin. They just don't understand how to get it. The basic problem is that there are no local exchanges that support fiat currency. Not everyone understands about global exchanges for making fiat deposits from banks. So how can they acquire Bitcoins. The local exchange is a major factor in this. If every country has a local exchange, I think crypto users are much higher compared to now.
Bitcoin is advertised almost every day. Any platform that advertises on the internet, they will use Bitcoin as the main icon. Even in football leagues now there are Bitcoin advertisements.

They may already know much about crypto but haven't started joining bitcoin yet and are waiting. There are still many people who like that and tend not to want to try to understand something new like bitcoin.

Maybe those people could use an international exchange so they don't have to rely on local exchanges to get bitcoins. They can stay on the international exchange while waiting for the local exchange to launch and once it is launched, they are ready to join and make more profit because they have learned a lot from the international exchange.

Indeed international exchanges can be used to trade crypto or invest, moreover exchanges can accept KYC in various countries. For example Binance. Everyone can use this exchange, because they accept KYC in the form of sim cards, ID cards and passports. However, fiat deposits as basic investment capital are only available for a few currencies. Even for those who are new, it can be difficult to understand about bank to crypto exchange transactions. But for those of us who have been here for years, of course this is not a problem. So, I think people know crypto, but don't know how to earn crypto. This means that education or understanding of crypto is still lacking. In fact, they often try to invest in crypto but in the end they are trapped by scammers due to a lack of understanding or knowledge about crypto.

Ludmilla_rose1995

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bitcoin is an investment that will be very profitable for anyone, and if more and more investors are looking at bitcoin as their long-term investment asset, you can be sure that the price of bitcoin will boom. the formula is very simple, the more bitcoins are sought, the rarer they are, and the rarer bitcoin, the value goes up.

Oceat

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Sharing your idea is okay as long as the listener is enthusiastic but if they aren't then it's useless to share or continue since they won't listen to you the whole time. Let their curiosity teach them and if they find you to ask questions about it then that's the right time you have to help them.

It's been a long time since Bitcoin existed but I'm not sure if everyone know about it since most of them never heard of it for the first time. But it's up to you if you want to share it to them or leave them alone and find those who are interested in investing to Bitcoin. You can't force people to invest on Bitcoin if they don't have a clue what they are investing.

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Quote from: uche6215 on February 04, 2023, 08:44:36 AM

So guys for you to be a good investor you have to introduce Bitcoin to other who are not on this forum, enlighten them couch them how it works too.

BITCOIN IS HERE TO STAY.

Introducing someone to bitcoin doesn't make you a successful trader. When you introduce people to bitcoin you are just promoting the currency and that's very commendable. For me I see Bitcoin as an investment and not really a currency because my country is not bitcoin friendly. I am also sure that with more awareness Bitcoin adoption will definitely increase because it has many advantage over fiat and people are gradually identifying them. We expect that last year's exchange drama would not repeat itself this year. But, it seems bitcoin is gradually becoming immune to these external influences.

Andrija Branislav

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Bitcoin can be a difficult concept to grasp, especially for beginners. But like the early days of the internet, there was an opportunity for early adoption but in my opinion, the good thing about bitcoin is that you can have a number of bitcoins in your digital wallet, and transfer the money anywhere in the world.

michellee

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Quote from: Moeda on February 04, 2023, 03:54:51 PM

Maybe many people already know about crypto, especially about Bitcoin. They just don't understand how to get it. The basic problem is that there are no local exchanges that support fiat currency. Not everyone understands about global exchanges for making fiat deposits from banks. So how can they acquire Bitcoins. The local exchange is a major factor in this. If every country has a local exchange, I think crypto users are much higher compared to now.
Bitcoin is advertised almost every day. Any platform that advertises on the internet, they will use Bitcoin as the main icon. Even in football leagues now there are Bitcoin advertisements.

They may already know much about crypto but haven't started joining bitcoin yet and are waiting. There are still many people who like that and tend not to want to try to understand something new like bitcoin.

Maybe those people could use an international exchange so they don't have to rely on local exchanges to get bitcoins. They can stay on the international exchange while waiting for the local exchange to launch and once it is launched, they are ready to join and make more profit because they have learned a lot from the international exchange.

Jody.Drummer

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Quote from: Dunamisx on February 04, 2023, 01:16:00 PM

Quote from: uche6215 on February 04, 2023, 08:44:36 AM

So guys for you to be a good investor you have to introduce Bitcoin to other who are not on this forum, enlighten them couch them how it works too.

You don't have to introduce bitcoin to others before you can be a good investor, it's a thing of choice to teach others and mind you not everyone can teach, if you think you already know and have a sound knowledge about bitcoin then there's no bad thing in teaching others but know that a dollard cannot teach his fellow dollards because two will be wrong at the same time, we voluntarily teach others about bitcoin because of the passion we have created in seeing others also benefiting from it, but not a criteria fo being a good investor.

I agree with you that not everyone has the ability to teach others. Regarding this, I think we have to really understand the wishes of the people we teach because I think everyone has their own way of understanding. Don't let us explain wrongly which will later lead to misunderstandings about what we explain and what they digest.
I agree we have to provide knowledge about bitcoin to ordinary people, but before that we have to know what bitcoin is thoroughly.

Baofeng

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Quote from: uche6215 on February 04, 2023, 08:44:36 AM

I will like to tell you guys a little about the improvement of Bitcoin.
If there is 8 billion people in the world today and 190 million people has invested in Bitcoin, which means Bitcoin is almost all over the world.

I will likely say from the year 2009 when Bitcoin was lunched till date 190 Million people had invested on Bitcoin and I think from now till about more 10 years it will be over 300 million investors.

And I think many more people are still trying to invest on Bitcoin, I have friends which I introduced to Bitcoin and they have invested already.

So guys for you to be a good investor you have to introduce Bitcoin to other who are not on this forum, enlighten them couch them how it works too.

BITCOIN IS HERE TO STAY.

And what lessons we can derived out of it? as the supplying is dwindling every year because the demand is going up as there are investors coming up every year, which means the price could literally shoot up in the next 10 years or so.

Right now, we are still in the bear market, so it's better to accumulate as much as we can.

Doesn't mean that we need to buy 1 BTC right away, take it slow, used DCA and only invest what you can afford to lose. Bitcoin's journey is a marathon, and so the people with more patience will succeed in the end.

Moeda

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Maybe many people already know about crypto, especially about Bitcoin. They just don't understand how to get it. The basic problem is that there are no local exchanges that support fiat currency. Not everyone understands about global exchanges for making fiat deposits from banks. So how can they acquire Bitcoins. The local exchange is a major factor in this. If every country has a local exchange, I think crypto users are much higher compared to now.
Bitcoin is advertised almost every day. Any platform that advertises on the internet, they will use Bitcoin as the main icon. Even in football leagues now there are Bitcoin advertisements.

BIT-BENDER

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Those are speculated statistic which could be more or probably less no one knows for a certain, also I don’t know if you have been an investor in anything before you learnt about bitcoin because you have given below rookie advices on your post.

First thing I do is I never take advantage of other people because I want my investment to grow and I think you should not also do that. Talking to people about bitcoin doesn’t offend me but it’s how wrong you do it, introduce bitcoin to people as a financial/FinTech tool that is a better option of traditional finances

hugeblack

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Quote from: uche6215 on February 04, 2023, 08:44:36 AM

So guys for you to be a good investor you have to introduce Bitcoin to other who are not on this forum, enlighten them couch them how it works too.

I find this suggestion stupid, if the person is not complete with Bitcoin and has a technical background that enables him to keep his money, then he will most likely lose his currencies or sell them during the first 3 years.

Therefore, try to teach people Bitcoin, and when they are ready and enthusiastic about the idea, then you can invite them to invest otherwise. Buying Bitcoin may not be a wise idea for them, even if you gift it to them.
It's nice to see people profiting from bitcoin, but things aren't always rosy.

Rana590

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Quote from: Dunamisx on February 04, 2023, 01:16:00 PM

Quote from: uche6215 on February 04, 2023, 08:44:36 AM

So guys for you to be a good investor you have to introduce Bitcoin to other who are not on this forum, enlighten them couch them how it works too.

You don't have to introduce bitcoin to others before you can be a good investor, it's a thing of choice to teach others and mind you not everyone can teach, if you think you already know and have a sound knowledge about bitcoin then there's no bad thing in teaching others but know that a dollard cannot teach his fellow dollards because two will be wrong at the same time, we voluntarily teach others about bitcoin because of the passion we have created in seeing others also benefiting from it, but not a criteria fo being a good investor.

In my country, there are a lot of people who didn't hear anything about Bitcoin. It is not possible for a single person to teach a lot of people at the same time. But it is a good way to spread the term Bitcoin to those people who don't know anything about Bitcoin. May be they will be able to learn from their own research and by best effort.

Dunamisx

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Quote from: uche6215 on February 04, 2023, 08:44:36 AM

So guys for you to be a good investor you have to introduce Bitcoin to other who are not on this forum, enlighten them couch them how it works too.

You don't have to introduce bitcoin to others before you can be a good investor, it's a thing of choice to teach others and mind you not everyone can teach, if you think you already know and have a sound knowledge about bitcoin then there's no bad thing in teaching others but know that a dollard cannot teach his fellow dollards because two will be wrong at the same time, we voluntarily teach others about bitcoin because of the passion we have created in seeing others also benefiting from it, but not a criteria fo being a good investor.

adzino

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Those numbers mean nothing to be honest. But yeah, you are right. The more people spread the word about crypto currencies, the more easier it will be for people to make bitcoin a mainstream currency. But just letting them know about bitcoin isn't the only thing you should be doing. You should let them know about the risks involved and how to keep their coins safe. If you don't and they end up losing their money, they will feel cheated and blamed you and crypto currencies for everything.

Quote from: ?? on ??

Hahaha you said something funny.
You said only invest what you can afford to lose.
Yes That's it you can't just borrow money and then invest in on something.
But they also said no REWARD COME WITHOUT RISK.

True, no reward comes without risk. But that doesn't mean that you should be taking stupid risks. Also see the risk-reward ratio. You don't want to be risking millions for few peanuts.

KiaKia

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I created a topic about this too, whether people around us like or hate bitcoin we still need to create the awareness, this is why I have bitcoin payment advert in my store, I do not expect people to start paying me in bitcoin, it's a part but I did this to also get people inquisitive about what bitcoin is all about, OP keep doing what you do best, but I need to ask, do you know much about bitcoin because your account is still new, someone of your rank should still be learning more about bitcoin, I may be wrong.

Topic: The journey of Bitcoin. - page 4. (Read 756 times)