There are three kinds of people in the Bitcoin world

Oasisman

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Quote from: taufik123 on August 11, 2021, 05:03:01 PM

Quote from: BuNga_cute on August 10, 2021, 07:38:36 PM

~snip~

Those who panic also have several reasons. one of them is because the capital they have has run out and can no longer do buybacks. This is why it is important to carry out capital management so as not to get caught in an unwanted situation.
people who panic about using their money not wisely, trade by risking all their money in one place.
Do good management to overcome panic and learn basic trading to know market movements properly.

Weak hands who panics during the dip doesn't necessarily need to have complex analysis or some capital management.
What they need is to understand what they have invested for.
They need to understand Bitcoin and it's volatile nature.
If the price decline, you'll gonna be fine as long you're not selling below your buying range.
Panic sellers are usually those who wants to make quick buck and take advantage of Bitcoin's volatility, so most probably they don't have good trading strategies.

taufik123

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Quote from: BuNga_cute on August 10, 2021, 07:38:36 PM

Indeed, the reality is like that where only experienced and knowledgeable investors are able to get big profits from Bitcoin. Because indeed knowledge
and experience are important factors that can prevent us from panicking at the volatile Bitcoin price. If we panic and sell Bitcoin before the selling
target is reached, it's just a waste of money, because the big profit we want will not be achieved. Why are so many successful investors suggesting
that beginners should learn a lot about Bitcoin first, before deciding to invest in Bitcoin, that's because so as not to panic seeing the price of Bitcoin
which sometimes drops suddenly.

Those who panic also have several reasons. one of them is because the capital they have has run out and can no longer do buybacks. This is why it is important to carry out capital management so as not to get caught in an unwanted situation.
people who panic about using their money not wisely, trade by risking all their money in one place.
Do good management to overcome panic and learn basic trading to know market movements properly.

terrorJR

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Quote from: taufik123 on August 10, 2021, 07:02:41 PM

Currently most investors consider bitcoin as a very profitable asset with price fluctuations that can provide profits.

But not everyone panics when the price starts to drop and sells it. People who panic when the price of bitcoin drops are those who are still beginners and have not yet formed a strong psychology. if it continues to go down do analysis and buy deep will give you a bigger profit. those who panic are just wasting money for nothing.

essentially the experience that sets it all apart.
because if I look from your point of view it refers to the experience of everyone who has been here.
and this is very concrete when a lot of people who did panic sell a few weeks ago due to fud and slanted news that happened of course mostly are beginners and people who follow the existing hype.
it's good to follow the information and the flow of what is happening in the market both in bullish and bearish but for mental, experience and hodl are the things that make the difference. because the average experienced person in which there are those who have felt the same way in 2017 they will be calm and remain confident in their btc hodling so they don't have to worry about the market happening

sapnu

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Quote from: Caldear on July 23, 2021, 05:13:28 AM

There are three kinds of people in the Bitcoin world, idealists, opportunists and faithists.

Idealist
Many early Bitcoin participants were mostly idealists, and they hoped to get a lot of benefits through Bitcoin. But many idealists have not persisted until now. After holding the currency for a period of time, they have not seen more benefits in the currency circle. They chose to withdraw due to their own greed.
opportunist
They prefer the volatility of Bitcoin prices and find opportunities to buy Bitcoin at low prices by analyzing market price fluctuations. When they see a opportunity in the market, they want to realize the freedom of wealth quickly
Faithist
They stick to their beliefs, believe in Bitcoin, and as long as they buy Bitcoin, they are willing to bear its risk. When the price of Bitcoin falls, they will not panic the market and choose to sell, but think it is a good opportunity to buy at a low price.

I think there are more Bitcoin opportunists in the forum. What is your opinion on this? Which one do you think you are?

Considering the massive growth of people investing on bitcoin, for sure there are more than three types of people in the bitcoin world. If I were to identify myself on the types you've mentioned, I would consider myself as to having the three of it. Not because I am trying to lift up myself but because have the mindset of the three is necessary in achieving success in your investment. If you are going to consider yourself as only one of those, there's a chance that as you end up leaving behind the others, you won't be able to make the most of your bitcoin investment. You are free to choose what you do but you shouldn't limit yourself on what else you can do to further enhance your performance.

rosebrand

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I think I fall in the category of the opportunitist, ever since I knew about bitcoin my sole aim was always to buy low and sell high, tho i still believe that bitcoin someday will be bigger than the way it is that's why am still keeping a portion of it for the long term, everybody's aim is to make profits so many people will fall under this category, well there are other categories as well not just this three, there are some people who does the opposite, buy at the top and sell at the bottom.

LogitechMouse

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I will add another one in the list.

FUD-dist = these are the people who don't have any objective in the Bitcoin world but to spread some negative news, FUDS and other bad things in the internet. We've seen many users here too that are sharing only the negative things about Bitcoin because they don't like it.

Overall, the 3 kinds of people are relatively applicable towards us investors but there are still some who prefer to be a negative one like what I said Cheesy

.

nightxglow

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Quote from: davis196 on July 23, 2021, 07:24:10 AM

I differentiate only two categories of Bitcoin users:

1.People who believe that Bitcoin and blockchain technology is the future and after X amount of years,Bitcoin will dominate the world of finance.You can call them Bitcoin maximalists.

2.People who view Bitcoin as a way to make "easy" money(by trading or HODLing),so they are into the BTC community only for the money and nothing else.
They don't care about blockchain technology,hashrate,Segwit,Taproot,sidechain projects like Lightning Network or cryptography.
They only care about the BTC price,making money and that's it.
I don't know how to call them.Maybe "greedy traders" is a good name. Grin

I agree, rather than those three types, I prefer these two lol. I guess this is really the perfect way to describe the way people behave in this. Not trying to be proud of it, but I once is that greedy trader lol. I just found bitcoin, and thought that it is such an easy money, making as many amount of money I can and then when the price fell around 2018? i left it. But now, I learned my lesson, and doesn't think that way anymore. I learn more value in bitcoin rather than easy money, in the blockchain technology, and others. I try to learn and learn more now, not thinking about the money and profit anymore.

Wong Gendheng

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Quote from: Shenzou on August 10, 2021, 06:15:54 PM

Quote from: Caldear on July 23, 2021, 05:13:28 AM

There are three kinds of people in the Bitcoin world, idealists, opportunists and faithists.

Idealist
Many early Bitcoin participants were mostly idealists, and they hoped to get a lot of benefits through Bitcoin. But many idealists have not persisted until now. After holding the currency for a period of time, they have not seen more benefits in the currency circle. They chose to withdraw due to their own greed.
opportunist
They prefer the volatility of Bitcoin prices and find opportunities to buy Bitcoin at low prices by analyzing market price fluctuations. When they see a opportunity in the market, they want to realize the freedom of wealth quickly
Faithist
They stick to their beliefs, believe in Bitcoin, and as long as they buy Bitcoin, they are willing to bear its risk. When the price of Bitcoin falls, they will not panic the market and choose to sell, but think it is a good opportunity to buy at a low price.

I think there are more Bitcoin opportunists in the forum. What is your opinion on this? Which one do you think you are?

I think that at one point or another we have been all of these three kind of people, but maybe you are forgetting about the traders who don't care about the bitcoin as an idea they only see it as a volatile asset and a way to make profit, and as soon as they see the prices falling they start selling.

This type immediately panics and sells everything even though it loses, he never patiently waits for the best moment to sell bitcoin, this is of course what makes the market like a roller coaster because they are always speculating on the price.

XUNing

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I am more inclined to opportunists and believers.
When the market pullback is really active and the price is rising through market analysis, I will choose short-term trading. Through short-term small transactions, thereby reducing risks and obtaining greater profits.
I will also invest part of the funds in promising projects by analyzing various indicators of the crypto market, and then no matter how the price changes, I will choose to continue holding at the right time and obtain long-term profits. Although this requires a lot of time and money, it does bring advantages in the end.

rodskee

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Quote from: Caldear on July 23, 2021, 05:13:28 AM

There are three kinds of people in the Bitcoin world, idealists, opportunists and faithists.

Idealist
Many early Bitcoin participants were mostly idealists, and they hoped to get a lot of benefits through Bitcoin. But many idealists have not persisted until now. After holding the currency for a period of time, they have not seen more benefits in the currency circle. They chose to withdraw due to their own greed.

never call greed those people who once keep the bitcoin on hold, how can they be greedy when they keep it for years?

this is not greed but practicality as they have seen the profit they wanted and get it down.

Quote

opportunist
They prefer the volatility of Bitcoin prices and find opportunities to buy Bitcoin at low prices by analyzing market price fluctuations. When they see a opportunity in the market, they want to realize the freedom of wealth quickly

lol, these people called RISK TAKER , because they are risking their money without any assurance . not opportunist .

Quote

Faithist
They stick to their beliefs, believe in Bitcoin, and as long as they buy Bitcoin, they are willing to bear its risk. When the price of Bitcoin falls, they will not panic the market and choose to sell, but think it is a good opportunity to buy at a low price.

I think there are more Bitcoin opportunists in the forum. What is your opinion on this? Which one do you think you are?

you are just creating your own words because this has been called up for years now, and they are what we called "HODLERS"

BuNga_cute

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Quote from: taufik123 on August 10, 2021, 07:02:41 PM

Quote from: Shenzou on August 10, 2021, 06:15:54 PM

I think that at one point or another we have been all of these three kind of people, but maybe you are forgetting about the traders who don't care about the bitcoin as an idea they only see it as a volatile asset and a way to make profit, and as soon as they see the prices falling they start selling.

Currently most investors consider bitcoin as a very profitable asset with price fluctuations that can provide profits.

But not everyone panics when the price starts to drop and sells it. People who panic when the price of bitcoin drops are those who are still beginners and have not yet formed a strong psychology. if it continues to go down do analysis and buy deep will give you a bigger profit. those who panic are just wasting money for nothing.

Indeed, the reality is like that where only experienced and knowledgeable investors are able to get big profits from Bitcoin. Because indeed knowledge
and experience are important factors that can prevent us from panicking at the volatile Bitcoin price. If we panic and sell Bitcoin before the selling
target is reached, it's just a waste of money, because the big profit we want will not be achieved. Why are so many successful investors suggesting
that beginners should learn a lot about Bitcoin first, before deciding to invest in Bitcoin, that's because so as not to panic seeing the price of Bitcoin
which sometimes drops suddenly.

taufik123

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Quote from: Shenzou on August 10, 2021, 06:15:54 PM

I think that at one point or another we have been all of these three kind of people, but maybe you are forgetting about the traders who don't care about the bitcoin as an idea they only see it as a volatile asset and a way to make profit, and as soon as they see the prices falling they start selling.

Currently most investors consider bitcoin as a very profitable asset with price fluctuations that can provide profits.

But not everyone panics when the price starts to drop and sells it. People who panic when the price of bitcoin drops are those who are still beginners and have not yet formed a strong psychology. if it continues to go down do analysis and buy deep will give you a bigger profit. those who panic are just wasting money for nothing.

Shenzou

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Quote from: Caldear on July 23, 2021, 05:13:28 AM

There are three kinds of people in the Bitcoin world, idealists, opportunists and faithists.

Idealist
Many early Bitcoin participants were mostly idealists, and they hoped to get a lot of benefits through Bitcoin. But many idealists have not persisted until now. After holding the currency for a period of time, they have not seen more benefits in the currency circle. They chose to withdraw due to their own greed.
opportunist
They prefer the volatility of Bitcoin prices and find opportunities to buy Bitcoin at low prices by analyzing market price fluctuations. When they see a opportunity in the market, they want to realize the freedom of wealth quickly
Faithist
They stick to their beliefs, believe in Bitcoin, and as long as they buy Bitcoin, they are willing to bear its risk. When the price of Bitcoin falls, they will not panic the market and choose to sell, but think it is a good opportunity to buy at a low price.

I think there are more Bitcoin opportunists in the forum. What is your opinion on this? Which one do you think you are?

I think that at one point or another we have been all of these three kind of people, but maybe you are forgetting about the traders who don't care about the bitcoin as an idea they only see it as a volatile asset and a way to make profit, and as soon as they see the prices falling they start selling.

DarkDays

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Quote from: mk4 on July 23, 2021, 06:22:13 AM

Most people aren't binary, whereas just because someone is a hardcore Bitcoiner doesn't automatically mean that he/she will just automatically shun out and ignore other non-Bitcoin projects. And I see myself to be in this category; a Bitcoin mostlymalist!

To me the 3 categories don't fully cover the types of people we get in crypto, and I agree that even as a Bitcoin maximalist one should not shy away from alts

because potential is there and it would be a shame to have such a narrow field of vision when opportunities are more widespread than initially thought.

Also, you can't call yourself a crypto enthusiast if all you do is BTC and ignore the rest!

stomachgrowls

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Quote from: tanjiran on August 10, 2021, 05:34:38 PM

Quote from: Caldear on July 23, 2021, 05:13:28 AM

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I think there are more Bitcoin opportunists in the forum. What is your opinion on this? Which one do you think you are?

Becoming an opprtunist requires technical and fundamental market analysis skills, as well as experience. it is not easy for some people, including me, and I seem to be more inclined towards the faithist group. I plan to consistently implement the DCA strategy, trying to buy crypto assets consistently for long term investments. with DCA, very helpful for people like me who are not very good at analyzing the market.
well, whatever it is, as long as we understand the risks, study carefully the strategies that suit our abilities, there will always be opportunities for profit.

Not easy even for me but honestly idealist and faithest would turn out to be that opportunist when they are already applying the analysis and fundamental that they had gathered.

Overall, it is really just the same because just like had been mentioned or told by most people here that we do aim on the same goal which it to make money.No matter what kind you do include yourself on
then it all talks about money and profits.They do just matter or differ on timeframe or on how long it would really be able to materialize your profits.

tanjiran

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Quote from: Caldear on July 23, 2021, 05:13:28 AM

--

I think there are more Bitcoin opportunists in the forum. What is your opinion on this? Which one do you think you are?

Becoming an opprtunist requires technical and fundamental market analysis skills, as well as experience. it is not easy for some people, including me, and I seem to be more inclined towards the faithist group. I plan to consistently implement the DCA strategy, trying to buy crypto assets consistently for long term investments. with DCA, very helpful for people like me who are not very good at analyzing the market.
well, whatever it is, as long as we understand the risks, study carefully the strategies that suit our abilities, there will always be opportunities for profit.

Nathrixxx

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I belong to the faithist category, believing that one day things can turn around, so we invest, take the risk and believe in adequate return in due time, but either of the category one is, it's always good to study the rythm strategy, it's either you trade or invest in crypto, we all desire to arrived at same goal which is to make profit.

Yatsan

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Lots of kinds of people arise in this vast world of cryptocurrency having different perspectives and stands with regards to what they believe on different situations that the cryptocurrency world is facing through specially centralizing their attentions with Bitcoin that is the leading cryptocurrency of all times. It is indeed what the OP stated mostly of those people can be simply categorized among those three types, Idealist, Opportunist and Faithist on which you have just to see it for yourself into which category you are fitted with.

Hamphser

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Quote from: adzino on July 27, 2021, 04:34:24 PM

Quote from: Caldear on July 23, 2021, 05:13:28 AM

There are three kinds of people in the Bitcoin world, idealists, opportunists and faithists.

Idealist
Many early Bitcoin participants were mostly idealists, and they hoped to get a lot of benefits through Bitcoin. But many idealists have not persisted until now. After holding the currency for a period of time, they have not seen more benefits in the currency circle. They chose to withdraw due to their own greed.
opportunist
They prefer the volatility of Bitcoin prices and find opportunities to buy Bitcoin at low prices by analyzing market price fluctuations. When they see a opportunity in the market, they want to realize the freedom of wealth quickly
Faithist
They stick to their beliefs, believe in Bitcoin, and as long as they buy Bitcoin, they are willing to bear its risk. When the price of Bitcoin falls, they will not panic the market and choose to sell, but think it is a good opportunity to buy at a low price.

I think there are more Bitcoin opportunists in the forum. What is your opinion on this? Which one do you think you are?

They all sound like the same. I mean in the end, they all are opportunist. Why do you think the "idealist" decided to withdraw? It's because they found an opportunity. Why do you think the "faithist" decided to buy more when the price was low, because they found an opportunity to buy at cheap. The end goal of all three here is the same. To make profit and get rich. This what the market has become now.

Agree on what you had said that they commonly share on the same goal this is why these 3 type of people are just really the same which the target is to make profits.

They might be having some difference in behavior but the goal is common this is why it isnt really that much of a concern whether which one type of you are in.

Every decision would be situational.You might be Idealist and then theres thing change then become Faithist or Opportunist or something like that.

Amejoaquim

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I think i'm the third one because i have a lot of Faith on bitcoin, so no matter how drop the price it is i will do not panic because in the end of the day i believe the price of btc will rise again. Btw, i think being idealist is looks like they just interest in bitcoin or any currency who really has a real product or services, so if they see trash coin like meme coin they don't want to buy it even though they can get a lot of profit from that.

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