Topic: THE VIEW OF SOME PEOPLE OVER BITCOIN (Read 322 times)

The further evaluation of BTC depends on the accessibility of BTC as payment method. At this point, the price of BTC is connected to the fiat (predominantly dollar), since there are little to no ways to pay directly in bitcoins, all the transactions are performed with fiat banks...

It takes the right delivery to people who think that because on the one hand they don't understand more about Bitcoin which makes them far from a more positive opinion so that the mindset can see if Bitcoin is a solution in utilizing money.
Crimes can be committed anywhere if there is an intention to do so. For those of us who want to use Bitcoin on a good path, of course Bitcoin is not for evil activities.

You're right, Bitcoin is often seen as a unique and different type of currency compared to traditional currencies. Its decentralized nature, lack of a central authority, and limited supply make it an attractive option for some people. However, its volatility can also make it risky for those who are not comfortable with the potential ups and downs of its value.

As for concerns about illegal activities, while it is true that Bitcoin has been used for illegal purposes in the past, it is important to note that the vast majority of Bitcoin transactions are completely legitimate. In fact, the transparency of the Bitcoin blockchain actually makes it easier to track and trace illicit activities than traditional forms of cash.

Ultimately, the decision to invest in Bitcoin or any other cryptocurrency is a personal one that should be carefully considered based on individual risk tolerance and financial goals. It's important to do your own research and understand the risks and potential rewards before making any investment decisions

To add to that, many people are still 'traditionalists' concerning money. People are more secure if they can see and touch money, to actually hold a physical manifestation of it. People want consistency and fiat represents that for them, even if the only consistent truth in the world is inconsistency (and that holds much truth when it comes to money.) That line of thinking also makes people fear the 'new,' cryptocurrency represents that fear for them. Even though Bitcoin exists for more than a decade now, many people are still finding out about it now so it seems new to them and therefore cannot still be relied upon. There are also people who knew about cryptocurrency because scammers have been exposed and went viral or were on the news, so not really a great first impression.

It's interesting because you are both invested and have money in your possession at the same time. I think people should actually amazed by that fact.
Just imagine taking out the cryptocurrency world today. People who like to invest will still have a difficult time to where they will put their money in.
First, they need a broker. Then, some take a percentage of the profits, which is not small.
Today, you can do it all yourself, no one will take anything from you, you can withdraw it anytime you like, and you can spend it if there's a shop who accepts Bitcoin. That's like a dream come true for people who had been asking themselves how they can invest.
About risk, well, every investment has risk. It's foolish to think it's always just profits or there won't be balance anymore.

Bitcoin is a potential currency but it definitely has risks.  Because its price is not always fixed like fiat.  So after buying at a high price it can definitely go down in price. So it is natural that people will fear it.  Because no one wants to lose their investment. And every country's government thinks that since there is no way to control it, it must be able to do bad things like money laundering.  But if the laws of the country are strong then not many people would dare to do this

Usually people think bitcoin as a dangerous investment because of its volatile features but on the other hand as people have experience regarding its investment so they have seen how profitable it is therfore thoughts of people are changing from one another.

If a person once have visualize the benefits and profits of bitcoin so he will not ignore investment in it but before visualizing he will think differently due to conversation with people about its volatility.

In my opinion there is no other opportunity for investment which is more beneficial than bitcoin so choosing bitcoin for savings and enhancing money will be wise decision.

Whether people hold the same conviction or not, they're right. It is true that BTC is riskier than normal currency or other risk assets such as stocks because it is more volatile and moves faster in the form of price. There is no tangible proof of BTC but electronically which also many people take it as a scam as they compare it to gold. It is likely to be use by criminals, because as you know BTC doesn't need central regulators. Just P2p. But if put into good use, BTC is a great tool.

There are both advantages and disadvantages. Both extreme profit and extreme loss, hence give a great deal of risk.

There are some people who think Bitcoin is risky without knowing about the future of Bitcoin. But currently the most popular expensive virtual currency in the world is Bitcoin. As we know the price of Bitcoin does not stay at one place, this virtual currency always fluctuates because the religion of cryptocurrency is to change all the time. Various countries around the world have legalized Bitcoin and they have taken Bitcoin as their popular currency to promote their economic and global development by trading with this Bitcoin. But many countries have made it illegal on the contrary, they think that using Bitcoin as a traditional currency will involve people in various criminal activities and illegal activities. But I think Bitcoin would be the most expensive currency for a country if it were to use it as a circulating currency. Because we know the future in Bitcoin is very bright, we are sure that Bitcoin will reach a good point in the future. As the popularity of Bitcoin is currently increasing, in the future all countries will approve it and all transactions will be implemented by Bitcoin.

Visually, the role of the media is also very dominant on the issue of cryptocurrencies, especially BTC and continues to attract attention and become a topic of conversation such as fluctuations, illegal activities and others but it's very different if you look at it actually. For me Bitcoin does have a uniqueness that makes it different from traditional currencies and I myself think that the blockchain technology that underlies Bitcoin offers tremendous potential to increase security and transparency in financial transactions. So, I think that different views on Bitcoin reflect the diversity of opinions and differences in risk tolerance among people, that is normal and normal.

It means they are still interested, but for sure it's because of the price. Just imagine that is a ton of money, so partly of themselves they want it, but again, this has been the thoughts of those people when seeing bitcoin because most of their first impression was that bitcoin was only used in the dark web and in criminal activities. This is what they heard from the news, but they really don't understand that it was just used, and it is still the same with fiat that it was used in criminal activities.

Bitcoin - the currency peeps have a love-hate sitch with. It's like your weird cousin who crashes family shindigs and stirs up the pot, but you dig 'em nonetheless. I mean, yeah, Bitcoin can be a bit dicey and all over the place. But isn't that where the thrill lies? It's a money rollercoaster, bro!

And don't forget the perks. Say adios to annoying banks with their fees and rules. With Bitcoin, you call the shots. You can score whatever your heart desires, no strings attached. Alright, so maybe there's some chatter about Bitcoin's sketchy side. But hey, who doesn't crave a sprinkle of danger and pizzazz in life? It's like being a super-sly crypto spy. To the Bitcoin doubters, I say give it a whirl. You might just get hooked on the untamed and oh-so-unpredictable world of digital cash.

In broad outline we are more inclined to say this goes back to awareness and mindset and perspective from someone, those who are not in the crypto world will certainly think Bitcoin is too risky even though it is basically true and it is not to the degree that they think, people who are familiar with and aware of Bitcoin we think they already have a target to be achieved with Bitcoin. after all Bitcoin is a currency that has a fluctuating nature where the value and price can change.

Everyone who knows about bitcoin must have different thoughts and views. All of that happens because bitcoin does have very complex and multipurpose uses.
Such as being used as a transaction tool, used as an investment asset, used as an asset that is useful for dealing with inflation, and maybe if from the negative side there could be a handful of people who misuse bitcoin to do something criminal. But when talking about crimes caused by the existence of bitcoin, it's not the fault of bitcoin. But that is absolutely the fault of the people who committed the crime. Because it's not only bitcoin, there are also many fiat currencies who misuse it for things that are criminal in nature, in my opinion there are more examples such as cases of counterfeiting money.

So do not be surprised if there are different ideologies or people's views on the existence of bitcoin, because in my opinion bitcoin is a currency that is very unique and has many uses. Most importantly we have to be wiser in using it, because something that is good too if used by bad people, will definitely be something negative, and vice versa if it is used on good things, it will definitely be better.

And for the future of bitcoin, nobody will know, maybe we can only estimate it, because it's all still a secret, so don't think about it too much, the most important thing is that we as investors must always create a good image for bitcoin.

Bitcoin maximalism believers are unrealistically living in a fantasy world 🌍 that does not have much if any chance of ever happening. They are likely the most harmful toxic force against BTC that will ever happen.

Bitcoin is a digital currency that operates on a decentralized peer to peer network. I think bitcoin is not a normal currency, it is a currency that involves risk and very high volatility investment. Investing in bitcoin has a high rates of returns and for sure it will become higher in the future. It is not controlled by any government and financial institution. If you do a bitcoin transaction no one will know it because of anonymity. So before doing any investment try to research and study first so that you will not regret doing investments.

Agreed with these because some people have their mind stamped with the idea that bitcoin and any other cryptos are nothing but a scam. This results from the cases that they have seen where people have lost their money in their digital wallet and other have seen people that lost their investment when the coin that they invest in crashes. You cannot actually blame them for their hesitation since the very nature of the crypto is a clear reminder that it is a risky activity. So, take the risks that you can afford. Also, I agree that we cannot push those people to change their mind, just do and go on with investments in crypto and let them see its potential so that in the future they are the ones who would assess their view on these digital currencies.

I think 3 to 5 are different.  This entails the level of trust of a person.  Interest doesn't mean the persoh has trust on the Bitcoin Industry.  It just got the person's attention and pique the person curiosity, there is no level of trust in this situation. 

Confidence on the other hand shows that the person trusted the Bitcoin Industry and he is sure that nothing will go wrong partaking in the Bitcoin economy. while Bitcoin Evangelism shows the person's dedication to propagating Bitcoin.  It is more than a trust factor because the person even dedicates his time and endeavor to spread awareness about Bitcoin. 

Btw, you forget about Bitcoin maximalism.  They are the view that Bitcoin as the only cryptocurrency and digital asset that will have – and should have, right now – any meaningful value.  They see Bitcoin as only one true coin[1].

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[1] https://zondaglobal.com/en/blog/bitcoin-maximalism-what-is-it

You may not be wrong with this logic, but I think points 3-5 are just the same thing, because first you need to pick interest, and after you have really gotten a good understanding or experience, you will be more confident, after which you will want to let others know and enjoy the benefits of Bitcoin, which first is true decentralization. Also, those who are skeptical about Bitcoin will not buy the idea of having to deal with it (denial). But you did not mention those who have misconceptions about Bitcoin; their misconceptions may be due to some economic lies or some bad experience they or their friends have had with some shitcoins in the past. The truth is that everyone doesn't really need to have a good view of Bitcoin for it to exist. Bitcoin will remain unchanged from what it is, and before some people realize they were wrong about Bitcoin, it might have been too late.

Actually, it is normal to think that Bitcoin is too risky, moreover for those who don't really understand Bitcoin. It is because of the high volatility and fluctuation. Additionally, some people still don't understand much about how to utilize fluctuating markets optimally to gain profits. So, this is once more, normal to think like this.

Everything must have its plus and minus sides.  Some people always believe in Bitcoin, which can be really useful as a global currency, for worthy investment, and also for its great development.
However, o the other hand, some people who hate Bitcoin will always gonna hate whatever the reasons. And they will always spread bad news about Bitcoin as usual.