Last year December when bitcoin was reduced to a new low due to ftx bankruptcy, most people think bitcoin is dead, I told most of my friends to buy it as at them, they all refuse, but look at it today, it always stands tall because it is the future of finance.
Dont recommend a volatile asset like bitcoin just like that to your friends. You dont wanna get blame when they burn their money. Yes bitcoin is reliable but it doesnt mean your friends would get rich when they bought it now. Its still a speculative asset but there is no harm telling them what you like about it and give them the rights to learn it as well and let them decide if they want to buy it or not. 
Topic: The love I have for bitcoin - page 2. (Read 236 times)
Thats the thing, education is key. A lot people are attracted to Bitcoin by its market value.
Each person has unique reason to be interested in Bitcoin and to join this market. Nothing is wrong, bad or good by their first reason to join here.Quote
They dont realise everything Bitcoin can offer besides being solely an investment.
And on investing for the future, its not just for weeks, months or even a year, its long term.
However, sometimes they don't mind what is Bitcoin all about. They simply feel convinced that Bitcoin is a tool to make them richer, and get richer quickly then they join. I used to feel very weird to know some people who buy, sell Bitcoin for about 2 years but did not know what is Bitcoin block explorer and don't know what is transaction hash (txid). They think after they make a transaction or withdraw their bitcoin from an exchange, it will be move quickly to a receiver. They have no knowledge about confirmation.And on investing for the future, its not just for weeks, months or even a year, its long term.
It means they must be educated more from very basics and they must be less lazy.
I think it's quite normal that as a group of friends that came into the crypto industry without even spending up to a year and we record a huge losses like that, so we felt like it can't recover the losses.
Most of them sold their holding at a loss an decide never to come back to the crypto space again,
Most of them sold their holding at a loss an decide never to come back to the crypto space again,
If newbies understood that there were a lot of things worth considering other than bitcoin's value in terms of price, they wouldn't have gotten out so fast. The op's preference proves that the OP's friend isn't good enough at understanding:
- bitcoin volatility risk
- bitcoin functionality
If a beginner's love is shown for seeing bitcoin in all its advantages, then it will make them last a long time in any market situation.
Thats the thing, education is key. A lot people are attracted to Bitcoin by its market value.
They dont realise everything Bitcoin can offer besides being solely an investment.
And on investing for the future, its not just for weeks, months or even a year, its long term.
I think the OP is the only one of that group of friends who
a.) did a bit of research and
b.) realised a long term outlook
Bitcoin is Bitcoin, centralized exchange is centralized exchange, so if all centralized exchanges collapse e.g. Binance, FTX, Kucoin etc, you can still trade using decentralized exchange. Unlike other centralized shitcoins where they're depends on the exchanges, they don't have any decentralized exchanges.
Bitcoin would be collapse if the problem is from the Bitcoin itself e.g. a machine can break the cryptography security, changing the protocol, 51% attack etc. But right now Bitcoin is still safe, so you don't have to worry.
Bitcoin would be collapse if the problem is from the Bitcoin itself e.g. a machine can break the cryptography security, changing the protocol, 51% attack etc. But right now Bitcoin is still safe, so you don't have to worry.
It's pretty normal to see Bitcoin price drop but why do you think Bitcoin is dead after FTX's bankruptcy?
If anything, the pressure was a lot more on the broader crypto/DeFi industry — not Bitcoin. Yes, bitcoin's price dropped at that time, but it showed that having something so simple as bitcoin is so important. No smart contracts and all that, just plain 'ol bitcoin.
I think it's quite normal that as a group of friends that came into the crypto industry without even spending up to a year and we record a huge losses like that, so we felt like it can't recover the losses.
Most of them sold their holding at a loss an decide never to come back to the crypto space again,
Most of them sold their holding at a loss an decide never to come back to the crypto space again,
If newbies understood that there were a lot of things worth considering other than bitcoin's value in terms of price, they wouldn't have gotten out so fast. The op's preference proves that the OP's friend isn't good enough at understanding:
- bitcoin volatility risk
- bitcoin functionality
If a beginner's love is shown for seeing bitcoin in all its advantages, then it will make them last a long time in any market situation.
Last year December when bitcoin was reduced to a new low due to ftx bankruptcy, most people think bitcoin is dead
Less people thought that "Bitcoin is dead" in latest years than in the past.https://99bitcoins.com/bitcoin-obituaries/
Quote
Bitcoin Obituary Stats
Most Recent Death: February 21, 2023 – Bitcoin is a joke wrapped in a fraud
Oldest Death: December 15, 2010 – "Why Bitcoin can’t be a currency"
Deaths by Year:
2023: (5)
2022 (27)
2021 (47)
2020 (14)
2019 (41)
2018 (93)
2017 (124)
2016 (28)
2015: (39)
2014: (29)
2013: (17)
2012: (1)
2011: (6)
2010: (1)
From Bitcoin Obituaries - "Bitcoin is Dead" Declared 400+ Times
Most Recent Death: February 21, 2023 – Bitcoin is a joke wrapped in a fraud
Oldest Death: December 15, 2010 – "Why Bitcoin can’t be a currency"
Deaths by Year:
2023: (5)
2022 (27)
2021 (47)
2020 (14)
2019 (41)
2018 (93)
2017 (124)
2016 (28)
2015: (39)
2014: (29)
2013: (17)
2012: (1)
2011: (6)
2010: (1)
From Bitcoin Obituaries - "Bitcoin is Dead" Declared 400+ Times
Less red dots on the "“Bitcoin Is Dead” - The #1 Database of Notable Bitcoin Skeptics" chart
https://buybitcoinworldwide.com/bitcoin-is-dead/
(....)
Last year December when bitcoin was reduced to a new low due to ftx bankruptcy, most people think bitcoin is dead, I told most of my friends to buy it as at them, they all refuse, but look at it today, it always stands tall because it is the future of finance.
And another that why starting this year, in January, we saw some pumps on the entire cryptocurrency including Bitcoin is because of what happened to a lot of centralized companies that went bankrupt, for me what pumps we recently is a correction due to the dumps caused by centralized platforms before, it was started on the Luna collapse, I believe. Last year December when bitcoin was reduced to a new low due to ftx bankruptcy, most people think bitcoin is dead, I told most of my friends to buy it as at them, they all refuse, but look at it today, it always stands tall because it is the future of finance.
When you think of cryptocurrency, the first thing that comes to your mind is bitcoin, you know why? Because it's the most reliable digital asset.
The crypto space might be bearish right now, but bitcoin always have his way of bouncing back.
Last year December when bitcoin was reduced to a new low due to ftx bankruptcy, most people think bitcoin is dead, I told most of my friends to buy it as at them, they all refuse, but look at it today, it always stands tall because it is the future of finance.
The crypto space might be bearish right now, but bitcoin always have his way of bouncing back.
Last year December when bitcoin was reduced to a new low due to ftx bankruptcy, most people think bitcoin is dead, I told most of my friends to buy it as at them, they all refuse, but look at it today, it always stands tall because it is the future of finance.
Those who hear the word cryptocurrency and immediately think of Bitcoin are those who already know Bitcoin or at least have heard of Bitcoin before. Well, actually cryptocurrency itself has a lot of models and there are even people who when they hear about the term or word cryptocurrency don't immediately imagine Bitcoin in their head because basically they have never heard of Bitcoin.
If you say Bitcoin is a very reliable asset and a great one to buy and own over the long term, I think that's obvious. But if you talk about cryptocurrency to everyone, not all of them will imagine about Bitcoin or the word Bitcoin will cross their heads even though most of them can immediately think about Bitcoin because maybe in previous days they have heard from the news or other people.
It's pretty normal to see Bitcoin price drop but why do you think Bitcoin is dead after FTX's bankruptcy?
Old users who know about Bitcoin's history see when the price of Bitcoin rise and drops or when it is a bear and bull market, If you look at the old chart and past event and compare them to what happened until now you should notice that it's a cycle.
Bitcoin only will die if there is no exchange or services that accept bitcoin as payment or if Bitcoin becomes easy to hack and program mess up due to developer's faults.
However, while the risk of Bitcoin being hacked is relatively low there is a pretty low risk if someone is attempting to hack the wallet. Since Bitcoin is a decentralized and secure, peer-to-peer network no one can easily hack or make unauthorized changes to Bitcoin program.
I think it's quite normal that as a group of friends that came into the crypto industry without even spending up to a year and we record a huge losses like that, so we felt like it can't recover the losses.Old users who know about Bitcoin's history see when the price of Bitcoin rise and drops or when it is a bear and bull market, If you look at the old chart and past event and compare them to what happened until now you should notice that it's a cycle.
Bitcoin only will die if there is no exchange or services that accept bitcoin as payment or if Bitcoin becomes easy to hack and program mess up due to developer's faults.
However, while the risk of Bitcoin being hacked is relatively low there is a pretty low risk if someone is attempting to hack the wallet. Since Bitcoin is a decentralized and secure, peer-to-peer network no one can easily hack or make unauthorized changes to Bitcoin program.
Most of them sold their holding at a loss an decide never to come back to the crypto space again, I was really discouraged, but after I did so many research on bitcoin, that was when I felt encourage that it will surely bounce back.
I kept my holdings until the price hit 24500usdt, all my findings an the course I have took have given me more faith in bitcoin because it is the future
When you think of cryptocurrency, the first thing that comes to your mind is bitcoin, you know why? Because it's the most reliable digital asset.
Not only for ita reliability but also for its value. Bitcoin is the first digital money and will be the last digital money of human history. So people think of bitcoin when they heard about cryptocurrency.Quote
The crypto space might be bearish right now, but bitcoin always have his way of bouncing back.
If you truly believe in the system of bitcoin you stop bothering about the price dd of bitcoin. Sometimes if I had money to invest I wait for someday to drop the price of bitcoin.So, people who believe in bitcoin will not care about the bearish market.
Bitcoin is the only cryptocurrency the others are fakes and cannot be used as a currency. I fell for altcoins many years ago and I was convinced that there would be another Bitcoin. I was wrong and lost time trying to follow them and profit from them. Bitcoin is the only one that will survive. Ethereum and other coins are not worth it but they are better then the other shit coins. The reason why Bitcoin is successful and the one you think about when someone mentions cryptocurrency is because it is the only one that has a reason to be here the others are riding off the success of Bitcoin.
It's pretty normal to see Bitcoin price drop but why do you think Bitcoin is dead after FTX's bankruptcy?
Old users who know about Bitcoin's history see when the price of Bitcoin rise and drops or when it is a bear and bull market, If you look at the old chart and past event and compare them to what happened until now you should notice that it's a cycle.
Bitcoin only will die if there is no exchange or services that accept bitcoin as payment or if Bitcoin becomes easy to hack and program mess up due to developer's faults.
However, while the risk of Bitcoin being hacked is relatively low there is a pretty low risk if someone is attempting to hack the wallet. Since Bitcoin is a decentralized and secure, peer-to-peer network no one can easily hack or make unauthorized changes to Bitcoin program.
Old users who know about Bitcoin's history see when the price of Bitcoin rise and drops or when it is a bear and bull market, If you look at the old chart and past event and compare them to what happened until now you should notice that it's a cycle.
Bitcoin only will die if there is no exchange or services that accept bitcoin as payment or if Bitcoin becomes easy to hack and program mess up due to developer's faults.
However, while the risk of Bitcoin being hacked is relatively low there is a pretty low risk if someone is attempting to hack the wallet. Since Bitcoin is a decentralized and secure, peer-to-peer network no one can easily hack or make unauthorized changes to Bitcoin program.
When you think of cryptocurrency, the first thing that comes to your mind is bitcoin, you know why? Because it's the most reliable digital asset.
The crypto space might be bearish right now, but bitcoin always have his way of bouncing back.
Last year December when bitcoin was reduced to a new low due to ftx bankruptcy, most people think bitcoin is dead, I told most of my friends to buy it as at them, they all refuse, but look at it today, it always stands tall because it is the future of finance.
The crypto space might be bearish right now, but bitcoin always have his way of bouncing back.
Last year December when bitcoin was reduced to a new low due to ftx bankruptcy, most people think bitcoin is dead, I told most of my friends to buy it as at them, they all refuse, but look at it today, it always stands tall because it is the future of finance.
Jump to: