Topic: The love I have for bitcoin (Read 220 times)

I like Bitcoin because it has the highest value of any crypto currency, which is why people are interested in trading it. Despite the fact that its initial values were too low, Bitcoin has grown to an incredible height today. 1 BTC costs thousands of dollars.

For me bitcoin is the king of all cryptocurrencies and this coin is the safest coin to invest with. because we all know that there are a lot of coins put there but too risky to invest because the price are too low. While in bitcoin even if the price is volatile but for sure it will make us happy in the long run if we invest bitcoin. Bitcoin is for long term investment that can provide us a good profit.  And also we all know that Bitcoin will not gonna die

It's not as a result of the only reliable one, at least it's been known as the father of other cryptocurrency, other coins is sub in Bitcoin and it's very obvious that the market of Bitcoin affects other coins, if Bitcoin is experiencing bearish market it will be very difficult before you any coin that is having green colors in the market, so therefore i come in conclusion that Bitcoin influence the market of other coins.

To think of cryptocurrencies, one must think of Bitcoin. Because the position of this cryptocurrency is based on Bitcoin. No matter what we all think we know bitcoin is one of the most popular and least risky currency to invest. And yes Bitcoin was at a very low level with the FTX bankruptcy but people thought that Bitcoin might go down and eventually be destroyed. But no, Bitcoin has gone through a tough time but has risen to the top again. Expect Bitcoin to make an all-time high in 2024.

I believe that anyone who believes that Bitcoin will someday perish is undoubtedly ignorant of the cryptocurrency, as anyone who is aware of it will never believe that it is perishing as a result of its declining market value as your friend. Actually, a lot of those who constantly stress that Bitcoin will perish are groups of individuals who are ignorant of other cryptocurrencies and Bitcoin, so they are judging Bitcoin based on the demise of some other project. I don't understand why someone's mind would not be adamantly attracted to Bitcoin if they can learn a lot about the bitcoin blockchain ,and believe that bear market occurs and also know their is time for bull run.

I mean bearish or not, it is Bitcoin in the end. Unlike those shitcoins that would just die out immediately overnight or just does not survive a bearish market due to plenty of dumps, I always believed in Bitcoin. Regardless of the price, I don't care if Bitcoin even went below 10k. When I say I am hodling, I am hodling.

Bitcoin also has been rising from the dead over and over again if you had read the Bitcoin Obituaries. I believe it is more than half a thousand already.

No matter how bad the news is, bitcoin will not disappear because of it. I think bitcoin will continue to reign supreme among all other coins and hold the attention of major market capitalists.
Although I think many people will stick with bitcoin, even if some centralized exchanges fail and some DeFi is equally unlucky, obviously it doesn't affect bitcoin as a whole in the sense that bitcoin will recover, there may have been a FUD attack that occurred in the past that caused a dip because naturally, many people panicked over the situation. However, I think many people will stick with bitcoin.

Those who think Bitcoin will die are just beginners who just understand about bitcoin. We here, who have been involved with bitcoin for a long time, think that FTX events are normal events and even in the past there have been events that were even worse. It's just a cycle, just a correction to reach another high. Those who rejected bitcoin and didn't buy bitcoin when the price crashed on the news of the FTX bankruptcy, they regretted it, because at that time Bitcoin touched $15k and today Bitcoin is still holding above $22k. Those who bought that time already had a definite advantage.

I would actually say that the opposite to this saying is true in the case of Bitcoin....

"A little knowledge is a dangerous thing"

With a little knowledge maybe the OP's friend would have bought at an opportune time
and instead lacking the knowledge will probably buy at Bitcoins ATH.

Nothing wrong with getting into Bitcoin to ride the market waves but you will almost
always fail in your goal without knowledge.

Those people that have thought bitcoin was dead were the ones that don't really own bitcoin. They are the people that wishes unfortune for those that's part of the market because they know that something bad is going on.

We've been telling this to a lot but they were just ignoring all of those tips that we're telling them to buy bitcoin. Those dramas and issues are temporary as bitcoin no matter what happens, it's certain to recover.

And we can't force them to buy even if we badly want them to go early before the next bull run cycle.

There are many ways for whales to get your bitcoins. Starting from bad news, market panic and ending with the creation of scams. This scheme has been known for a long time since the ICO: scammers create an altcoin, and promise that it will grow in price faster than bitcoin. And people are starting to buy this scam. Only Strong Hands are able not to believe in quick profits and keep bitcoin on the wallet. I will also note that the same is true with ether. At one time, I spent a lot on shitcoins.

how not, it was bitcoin that pioneered crypto.
until whenever bitcoin will remain on top.
when the ftx collapsed there was indeed a decline in bitcoin, but that was normal and normal.
because bitcoin is not going to collapse that easily.
stick to invest dibitcoin nothing else.

In general, the crypto market goes through periods of fluctuation between ups and downs, like all products in the asset market, but since it is an emerging market, it is subject to sharp declines compared to the periods when the price is at its best.

 In fact, I did not understand the meaning of your post and sharing these ideas with us.  The first thing that comes to my mind is that you want to get merit points and upgrade your membership, but you may not have chosen the right way. Try to share something useful.

FTX bankruptcy had nothing to do with bitcoin though price reduction was normal because of the fear. In such a market, fear gets everyone and most people sell. There were a lot of such issues back in the time. Mtgox one has more influence on bitcoin price than ever if I'm correct but still, Bitcoin exists and has increased significantly amount than it was in the mtgox days. Centralized exchanges will come and go but Bitcoin will be there all the time.

No matter how bad the news out there is, it will not make bitcoin die. I believe bitcoin will still stand firm as the king of other coins, which will continue to occupy large market capitalists.
Some time ago there might have been a FUD attack that caused a dip because naturally a lot of people panic over the situation but I believe a lot of people will stick with bitcoin, even if some centralized exchanges go bust and some DeFi is just as bad luck obviously it doesn't affect bitcoin as a whole in the sense that bitcoin will go back up over time.

Let your friends reject bitcoin but you yourself already believe in bitcoin that is a good thing, maybe your friend will regret it later if the price of bitcoin goes up and up again.
Even though there is a big risk from market volatility, bitcoin has good potential to grow.

According to Oxford’s English dictionary "reliable" means consistently good in quality or performance; able to be trusted." And if you ask me not everyone would agree to this statement because Bitcoin lacks the consistency in so many areas, talk about transaction fees which are ever inconsistent and other stuff like it's value.

Because Bitcoin runs on a free market economy without a central power controlling it and supply and demand dictate it's price thanks to its economics 101 build up.


"Most " is an over statement!

As much as I know ,the markets always behave this way and whatever happened Was a conindent with FTX, bTw with or without the FTX saga a bearish market would still have hit

FTX, only one of the few Bitcoin exchanges that has no effect on the ups and downs of Bitcoin, we recognize that there are a lot of problems going on in the crypto market, but FTX is not the problem, You have to believe, Bitcoin is not traded on just one or two exchanges, nor is it traded in one country, maybe almost all of them.

Many exchanges and countries still believe that Bitcoin is one of the digital assets traded on the crypto market, in essence: now do something that is best for yourself in the future about Bitcoin, let them/your friends choose their own path, there is no compulsion to do something with Bitcoin, those who understand the situation win.

The love I have for bitcoin it can not be estimated because it had make believed that it is reliable and can be trusted. When bitcoin was gradually moving up so many alter coins came I then think it the same and see it as an opportunity for me to be a holder of Coin than I invested a lot of money it, they also make us believed that bitcoin is a scam that it doesn't have future that when I made up my mind about is a scam. At long run the project starts showing signs of discouragement but I still believed in than because of what they were saying.

few days later my friend introduced me to another coin again and they were saying the same thing that bitcoin in scam showing all the evidence that will make me to believe them, and also showing fake advantages of their coin over all the coins that are in existence then. They even included my first investment in crypto as scam and also proof of evidence to show me that is a scam. I later give up on my first investment to concentrate on my new investment thinking that I can recover from here.

To cut the story short I now made up my mind to even Invest in the so called scam Coin since the good coins have turned to bad ones. I than purchased bitcoin.
Finally the scam Coin put smile on my face, it just comes as a rescue for me, since than I started liking bitcoin above all Coin and also admitted that it the king of cryptocurrencies.

People who think bitcoin is dead don't really understand it. I wasn't an early investor, but after doing some research and considering what has happened to bitcoin in the past, I now believe that bitcoin will always recover. Because Bitcoin is an asset for the future, you should hold onto it for a long time. Bull season is coming, and that has historically been its behavior.

It's okay to inform them and make an effort to persuade them if they don't believe in it, but you shouldn't force them. Eventually, they will likely realize what they are missing. Bitcoin is not like other Altcoins that will quickly die off

When I think of btc, I think about freedom and oportunity that it gave me. I divesify my money, put some in btc, some in altcoins and some I keep in others non crypto investments. But I must say investments that I've made in crypto are just the most profitable.