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

the problem is that those who initially entered investing here were also not a few disappointed, they turned away and thought bitcoin investment was a money game, I have often encountered things like this with those who thought that the way to develop wealth quickly was by investing in bitcoin, but after they make an investment and then lose their asset only to be disappointed by the loss. I agree with you.

It is true that Bitcoin has gained a lot of attention and investment for more than a decade now and it is likely more people will continue to invest in it in the future. Bitcoin has a very big potential in the market in the future. If we invest at lower cost it is possible for us to gain more in the future when we hold it for a long period of time. It is important to remember that investing in Bitcoin carries a lot of risks, always study and do your own research before investing in any kind of investment.

I see different moods, there are even those who are selling everything now, because they sure that the price of bitcoin will still fall very much. But this is too high a risk, since you can be left without bitcoin, or buy it later but at a higher price than you sold it now. I am also hopeful that bitcoin price will break 100k in this bull run, so I am still buying. But it is also not clear how soon we will go to the new ATH, the bear market may be this time more protracted than it was before.

Bitcoin deflationary nature makes it go up with time, but for it's highly volatile its volatility can influence its rates harder than what makes it grow up. So you can never be sure that it will go to ATH again and again. One day when the volatility will go down we'll see some more or less stable purchasing power of bitcoin which will slowly increase, but until then it can go down as easily, and bear trend can long for years. No one knows in advance. We can only hope.

If you think about it from a financial instrument perspective it is relatively new AND undervalued.  The more people look into crypto the higher the market will go.  Weirdly enough if you have bitcoin or have just recently gotten into bitcoin you are still in on the ground floor.  Once bitcoin goes into the 6 digits usd its not coming back.  All the people I know who have crypto are still trying to grow their stack.  Add that with the untapped market who have yet to dive in and you have yourself one hell of a bull run.

It is good to introduce Bitcoin to others and you introducing Bitcoin your friend doesn't make you a good investor. For the record, the level of your experience with Bitcoin and good investment decision is what makes you a good investor while introducing Bitcoin to your friend make you a good enthusiast.
I hope you have understood the difference.

I don't really know about the figures but certainly a lot of people have gone into bitcoin and more people are ready to join. The increment is much in number. I keep asking myself why this mass increase and i found out that
1> It is very profitable for those who are willing to learn.
2> Highly secured for those who have done their own research etc.
Indeed bitcoin has not only come to stay but also help boost the economy and provide more jobs to every society that bitcoin is legalized in the country for example - EL Salvador.

Don't ever think that investors will immediately put their money haphazardly in an investment before doing research first. Because it's certain that almost all investors will see investment places and products clearly before they put their money in an investment, so even though it looks important, I don't think it's necessary to be reminded all the time except for those who are just learning to invest in their lives. After all, now the investment field is very diverse, from investing in real assets to investing in cryptocurrency assets.

The popularity of Bitcoin today is indeed increasing and everyone who knows about Bitcoin they definitely want to invest in it, and those who don't know about Bitcoin I think are people who really don't follow about the news that is spreading today because every day there must be interesting news about Bitcoin so few people don't know about Bitcoin, And Bitcoin's journey is currently very far and the price will definitely get higher later, so use this opportunity as best you can if you want to become a successful person later.

The price volatility should no longer be a problem since we know the price will always increase in the future so we should be investing when the price is low so we don't have to be afraid of the price dropping to below our buy price. Bitcoin has a pattern and we should study that pattern so we don't get afraid of something that we shouldn't be scared of .

Bitcoin journey has been progressive considering how much backlash it got from the government and the banking sector. People didn't believe Bitcoin would still be around by this time, they thought it would die a long time ago but it didn't and it has been growing and doing just fine.

Caution should be exercised before giving advice on any type of financial investment. The amount of investment in Bitcoin has increased over time and continues to increase. It is our duty to convey this message of Bitcoin to those who are very close to us especially friends or relatives. But there is no need for motivation to invest.  Big businessmen of the world have now decided to invest in Bitcoin institutionally. As a result, the number of investors is gradually increasing. But I think you should give them an idea of Bitcoin just for no one can blame you. I have already given my close friends and relatives a basic understanding of Bitcoin.  Many people were encouraged to invest in Bitcoin but I showed them the risk factors. Despite knowing those risk factors, several people have already invested in Bitcoin.

We can understand that people want their problems to be solved and when they see some good new tool like bitcoin they hope it can do everything. Of course bitcoin is an important alternative to a modern finance and it already impacting on the world economy, but right you are, it can't solve the unemployment problem just by itself. It can help with it if to organise right projects, but economy is much wider than bitcoin now and ever can become. We should not rely on bitcoin only, we should work for a better future every way we see possible.

I agree when people are trying to propagate and teach about bitcoin because of its beauty. It is not just an investment, but it can be used as a means of payment, currency, a safer place to store assets than traditional banks…But I wonder, how bitcoin can help eliminate unemployment? I don't think that's what bitcoin is supposed to do, and it can't do it either. In order not to be unemployed, you need to have knowledge of a field and need to look for a job. In this case, Bitcoin is an investment, you cannot expect the investment to make you rich without working.

I did not know it was 190 million, but I am sure that we are going to break over 1 billion eventually. What we need to remember is that time passes as well, time is our ally, which means that people who are 70+ years old may not invest into bitcoin ever again, they may die without ever having bitcoin. However, kids who are 5-10 years old now, could grow up and have a job one day and invest into bitcoin one day, which will take time but that means a whole generation is growing up that could end up buying bitcoin.

So this number will only increase, we will have a lot more people investing into bitcoin. There are generations who are 10-12 years old, even as old as technically 15 years old (bitcoin first paper in 2008, published in 2009) which may start investing, so people who were born AFTER satoshi published his paper, may end up buying soon, if they start working high school level jobs. That is an important thing.

You don't need to introduce Bitcoin to people before you can become a good investors, because be a good cryptocurrency investors show that you have achieved so much money from cryptocurrency and it hard for you to experience failure in your cryptocurrency investment. Introducing Bitcoin to other people who don't know Bitcoin is a good idea, that will help people to grow financially in their various societies for them to believe that Bitcoin is real. Well, we will continue spreading the information about Bitcoin until Bitcoin is dominating all over the world to help countries to eliminate unemployment.

When the Bitcoin journey first started, not many people knew about Bitcoin. However, the virtual world is constantly advancing all over the world and Bitcoin has gained immense popularity in the present era. Currently most of the people are associated with this bitcoin which countries accept bitcoin and what transactions are completed with bitcoin. However, according to experts, Bitcoin is currently used by at least 300 million people in the world and may increase even more. It is not known exactly how many of these numbers are active Bitcoin users.

People who are related to this crypto world are very interested in Bitcoin investment. I have friends who are knowledgeable about Bitcoin and have invested in Bitcoin. I am also involved in investing in bitcoins I also have a fraction of bitcoins. I have introduced many friends to this bitcoin and they are currently working on this forum regularly. As a result of such popularity of Bitcoin, the number of investors is also increasing and everyone believes in Bitcoin.

Since I am related to Bitcoin it is very important to teach Bitcoin to my friends who do not know about Bitcoin till now. First of all you need to introduce them to Bitcoin and of course to understand them about Bitcoin you need to have an idea of Bitcoin Forums yourself. Next, they need to understand how this virtual currency works and how much improvement there is in their lives by using this Bitcoin. Educate them about all these and attract them to bitcoin forums only then bitcoin forums will become more popular.

From your data have you also considered the total supply of bitcoin if actually it suits your statistic?
I do agree with what you saying but it should be any data you are giving out should come with a fact or trusted statistic because I believe that here is an open place where student's and many content creators sources their data to includes in their contents. As a number one bitcoin forum where almost all bitcoin discussion are being held they believe whatever information that is being dished out from here are all correct.
We believe in bitcoin and has came to stay but lets works on the information we release over time to this forum.

The fact that Bitcoin has been around for more than ten years and that its price is still rising strongly in spite of the criticism she has received for being a poor financial tool indicates that it is here to stay and is not going anywhere. As bitcoin continues to exist, more and more people become involved with it, increasing the number of people who have invested in it.

In ten years, we anticipate that bitcoin will have grown in popularity, gone through two halving seasons, and maybe reached a price of $200k or more. Am just hopeful for the best of it by then.

I have introduced bitcoin several times to my friends and close relatives, some have responded and some have not responded because on average people don't really like bitcoin because of the fud circulating on social media, they believe more in legality than they are, but they are not aware of it on the web 3 later bitcoin will become one of the most useful assets in the future later I will also explain that owning bitcoin is not just an investment asset but rather a medium of exchange in the future

Bitcoin has spread like the water in the ocean is to introduce bitcoin to a family, friends or anybody, show the prove to them too, if you don't show some better prove of bitcoin investment, maybe they will not interested in it. If we want to spread bitcoin let tell us tell people what bitcoin and proves that will make them know bitcoin more dipper, and there are some people who are in bitcoin investment that are not in this forum, and they still some that hearing bitcoin in their ears but they don't know it and their are some they hear and know bitcoin but they don't know how to invest, some people don't even know, not even hear about bitcoin. So people who hear and know about bitcoin we teach them how to invest, and for the people who don't know and not heard about it we give them proper knowledge about bitcoin.

Introducing bitcoin bitcoin to people does not make you a good investor, please take note of this.

Everyone interested in bitcoin had at one point or the other taken a bold step for the risk it might comes with, but to their better surprises non has ever been disappointed investing on bitcoin because the network never fail or the protocols that guides it changed as well, you may introduced bitcoin to anyone but not until they are ready to make the first move with a step and believing in what you've told them about bitcoin, they may not invest, and bow at the end, every bitcoin investor will remain independent on his own, no one rely on each other for any sustainability than what you have learnt and acquired about bitcoin, that is why it's a digitally decentralized network.

Before anything else, even if I share the beauty of Bitcoin with my friends, neighbors, family and strangers, if there is no interest, what I will do to spread the beauty of Bitcoin will be ignored. So, it's better to keep what you know here to yourself except if you have a friend or acquaintance who asks you or shows interest in bitcoin, I can tell him and tell him the beauty of Bitcoin because I know that the time that will be given will not be wasted I to him.

It is important to note, however, that investing in Bitcoin or any other cryptocurrency comes with risks and uncertainties. It is essential for investors to do their own research, understand the market and its volatility, and invest wisely.

If people could embrace something new by learning what benefits it could bring them, it would increase the number of investors in bitcoin year after year. But to become a bitcoin investor is not easy because they have to be able to deal with increasingly wild price volatility.

We can introduce bitcoins to other people, depending on their interest in accepting them. If they are interested, they must do their own research and not depend on other people to be independent and improve their ability to analyze market situations.

Since its inception in 2009, Bitcoin's popularity has been steadily increasing. Bitcoin is spread all over the world now and the prevalence of Bitcoin is increasing day by day. 190 million official news investment amount may increase further. Because there are many countries where Bitcoin is completely illegal, people in those countries usually secretly invest in Bitcoins that are not exposed to the public. The number of people investing in Bitcoin, whether privately or openly, is growing. 

Friends around us were not much interested in Bitcoin before but recently they are showing interest in Bitcoin. And I decided to help them as much as I could. Hopefully this way the popularity and expansion of Bitcoin will increase.

I believe that too that Bitcoin is here to stay. Introducing Bitcoin to someone who are not on this forum can be a bit challenging because some people are closed minded. But let me site example things to let them know about bitcoin. Bitcoin is a digital currency that can be used to buy goods and online services, it is decentralized which means that no goverment or financial institution controls it. Bitcoin can be bought and sold on exchanges or used to make purchases directly. It is important to educate them that Bitcoin is a volatile asset, and its value can fluctuate rapidly. And they should know that bitcoin is a high risk investment.

You might feel that many people have known bitcoin from the root, but the way I'm seeing things I don't think bitcoin has reached every country grassroots, if not the help of internet and especially social media bitcoin would have not be known, so I believe that in some certain places like the rural areas bitcoin has to spread it tentacles to the extent local businesses women and men to the values of bitcoin, its not most that everyone will know the adoption of bitcoin and also invest on bitcoin.

We already know those facts about Bitcoin but still thanks for sharing it. It is helpful for the newbies who did not do their own research about the history of BTC. It's great if you are one of the pioneers in BTC but when I check your profile, you are only registered on 2017? How come when Bitcointalk was the first Bitcoin forum.

Not only that but you seem like a member of an old signature campaign. If you have lots of BTC, then there is no need for you to apply in a sig campaign and earn peanuts unless only if you have sold all your BTC's the moment it pumps up but it happens because it's really hard to ignore the pump. It's like we are only torturing our selves but you can choose to not sell all and then you can also buy back when the price dips again.

Bitcoin was the first cryptocurrency created and is now the most traded and well-known. It was first launched in January 2009 by a computer programmer or group of programmers under the pseudonym Satoshi Namkamoto, whose actual identify has never verified. Invest in bitcoin was my great decision on 2010 because of this investment I am financially independent.

I also first learned about bitcoin from my friend. so I'm interested in investing and want to try it.

Introducing bitcoin to others is great, but we also have to teach them what the risks and rewards are. For example, if we only tell him about profits, when he loses, he is afraid to blame us because we asked him to invest.

So, teach him about bitcoin how the benefits and risks.

actually there are not many altcoin projects that don't become solid in the end, even more that are abandoned. I thought the bitcoin journey would be lively if there was a rally, and finally it was reported in the media, even many large companies have adopted bitcoin, so that it has an effect on its development. especially now if big companies adopt it, their consumers will also use it, and if it happens massively it will have a big influence later

I don't think the development of Bitcoin is influenced by the large number of altcoin projects that accept payments via Bitcoin, because it is still in the path of the very common crypto space so its impact will not be as big for Bitcoin. After all, very few investors are willing to sacrifice Bitcoin for altcoins whose future is unclear.

But a very influential impact on the development of Bitcoin is the adoption of Bitcoin from several well-known large companies and also from several countries that have begun to legalize Bitcoin for payments. So that the impact on increasing the number of Bitcoin users themselves will also be felt from year to year.

Anyone who invests in bitcoin will see great returns, and you should expect the price of bitcoin to soar if more investors start considering it as a long-term investment instrument. The equation is fairly straightforward the more scarce bitcoins are, the more valuable they become. Although Bitcoin has been around for a while, I'm not sure if everyone is aware of it because the majority of people have never heard of it before. You can decide whether to share it with them or ignore them in order to identify people who are enthusiastic about investing in bitcoin. If someone has no idea what they are investing in when they buy Bitcoin, you cannot force them to do so.

Holding make the coins out of the market thus creating an artificial shortage of coins supply in the market, it is similar to hoarding that can bloat the price of Bitcoin temporarily.  I believe the best thing for Bitcoin to have a strong value in the market is for people using them, and transacting with Bitcoin.  If more people are using Bitcoin in the way it is intended to be, there will be less volatility in the market, and the price of Bitcoin will steadily go up as adoption is taking place.

Holding at some point will increase the price of Bitcoin because of the stated reason, but eventually, when these holders decided to cash out, this will make the price crash because a sudden influx of coins will saturate the market and this will make the price crash.  Though many holders will get profit the image of Bitcoin will then be tarnished because of its high volatility.

It is always best to see Bitcoin being used as it should be because I think through adoption and real-life usage of Bitcoin will make it stay.

The benefits from Bitcoin is quite numerous. The crypto is gaining followers following the launch of web3.0 and other Blockchain technology that has been developed.
As many businesses are creating channels to accept cryptocurrency, so is freelance work and other campaign sites offering freebies for completing tasks and answering quizzes.
New comers will join as they see the steady advancement and use of Bitcoin, because these days, no one wants to loose much to scammers or hackers or market crash palava. They would instead opt for a crypto currency that has endured the market volatility and remained in business. This is one reason why Bitcoin will keep getting new users and keep paving the way.

Indeed that the transaction fees are one of the major concerns of the people once the price of the cryptos pump but there are still times where the transaction fees will get lower. You just need to do the transaction on the off peak hours or when most people are sleeping.

It was usually around 12 or 1 am. The transaction fees will normalize again because there will be corrections and market bears that will happen from time to time. Transaction fees will mostly matter anyway for those who use their crypto regularly or as a currency. Can also be bothering for those who are into trading but not for those who are into longer terms of investing.

The development of bitcoin is getting faster because there are many altcoins that make projects and accept bitcoin payments, and I think the thing that makes bitcoin grow is new campaigns or projects from altcoins, and I believe that if bitcoin can last another 10 years then the number of users can reach at least 800 million or about 10% of the world's population.

Although some countries may view bitcoin as a threat, with potential for illegal use, the mere mention of it can still lead to increased interest and education about the cryptocurrency. In fact, the very act of banning bitcoin in certain countries can create a buzz and generate more curiosity among people. The internet is a powerful tool and once people hear about something like bitcoin, they will likely seek out more information to learn what it is all about.

For those who are hesitant to invest real money in bitcoin, there are alternatives available. Freelancing platforms now offer the option to receive payments in bitcoin, which provides a low-risk introduction to the world of cryptocurrencies. Another way to earn bitcoin is through free faucets, which give out small amounts of bitcoin for simply spending time on their platform. This can be a great starting point for those who want to get a feel for bitcoin without investing a significant amount of money.

That's true, however, if you don't have that much resources available in your possession then I guess there's no other choice but to face the high transaction fees as you're into long-term holding, that fee won't matter at all because it is not like everyday you'll buy a whole coin or a fraction of it. And if you have much resources available, then I think there's no need to wait for the discount because you'll be wasting time.

I don't know where you found that number, because even in my place most of people I know doesn't know shit about Bitcoin so even though it's just a small range in my place but still 190m people is "too much" without any proof.

It's great to let people know about good use of Bitcoin. But while you are teaching people about Bitcoin, you have to make sure to tell them about the risks of Bitcoin investment even though it's just holding so they know what to do when certain cases happened after you tell them what to do in that event. They tell people about Bitcoin, but about Bitcoin investment they have to know about bad sides as well.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.


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.

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.

Is there a source of statistics about this number, can it also be specified between those who have used bitcoin and are currently using it? I imagine the numbers actually fluctuate a lot if you look at the market cap stats^[1].

As the day goes on, people are being presented with more and more altcoins, some of them I'm sure never even had a bitcoin portfolio at all from the time they came to come out again due to failure.


1. https://www.globaldata.com/data-insights/financial-services/bitcoins-market-capitalization-history/

It is no doubt that bitcoin is here to stay and as long as a place is reachable by the internet then it means that bitcoin is and can be accessible there.

And no matter what and how many backlashes there will be for it, it will continue to thrive and it is like an unstoppable train.

Still, the typical reminder that we used to say, "only invest what you can afford to lose."

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.