Why i believe in bitcoin!! An amateur's outlook.

xSkylarx

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Quote from: wastagnn on November 10, 2022, 02:21:12 AM

Believing in Bitcoin and being hopeful about it is that people see the benefits and really realize the benefits of Bitcoin. Over time, most people started to have strong faith in Bitcoin and believed that it would get stronger and stronger.

Despite the current price, bitcoin will become more valuable year by year. We can see that the adoption of bitcoin over the years has skyrocketed because of its price when it hits its ATH. Bitcoin caught the attention of the public because of its high price. Strong faith has mostly been measured at this time because the price is so low; this happens every year when the price of bitcoin drops, and you can see a lot of newbie investors crying on social media. So the question is are you one of them?

Hiveonm

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Quote from: davis196 on November 07, 2022, 02:00:26 AM

I didn't get a good enough explanation about why do you believe in Bitcoin. So you believe in Bitcoin only because the BTC price didn't drop against the US dollar? Many assets are performing good against the US dollar. Gold also didn't drop against USD, does that mean you believe in Gold? Grin

I understand that you are a newbie and you are taking your first steps in the crypto world. Everyone in this forum was a crypto newbie in the past. Just don't get too romantic about Bitcoin. BTC is a financial asset just like any other financial asset and getting emotionally attached might lead to making financial mistakes.

Yes, I think Bitcoin is currently a financial product. It can be part of your beliefs, but not all. You can’t put all your energy and assets on BTC. The price of BTC is still very unstable now. You need to consider your own investment attributes, whether you want to hold for a long time, or run away after making a short-term profit, you should treat it rationally.

dohh

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Quote from: Flyingjack123 on November 03, 2022, 01:25:18 PM

I am not an avid investor. I invest small amounts now and than in bitcoin, and intend to not to touch my investment atleast this decade. I hope by then it will grow to a respectable sum.
--
I believe soon bitcoin will rise and shoot to the stars..
Waiting for that to happen.

Yes, it is very wise to do so. As one is not going easily to change what he believes in, it is very good that you are going in just by very little bits.

BTC is a perfect separator. It moves money upwards on the IQ ladder.

wastagnn

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Believing in Bitcoin and being hopeful about it is that people see the benefits and really realize the benefits of Bitcoin. Over time, most people started to have strong faith in Bitcoin and believed that it would get stronger and stronger.

Marcellin9

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Well, society evolves based on its own law which human beings can not stop or alter. Currency is only one of the fundermeantal elements that constitute whole society. Super-convenience is one of the most important characters that any Currency has. As time goes by, Bitcoin will be much more convenient and easier than any currency nowadays.

worle1bm

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Quote from: uchegod-21 on November 03, 2022, 02:49:55 PM

Bitcoin has always been around whenever the market condition is not fine. Bitcoin has witnessed the birth and death of many altcoins and shitcoins yet he has remained unshakable. It is a good idea that you want to invest in Bitcoin, I commend your courage, bur leaving your investment for a decade is a way too far . 10 years is not today and nobody knows what actually will happen in the next two years let alone in the next 10 years. How rich are you that you will not be needing your investment until 10yrs time?

If we speak about bitcoin then altcoins can never influence it but on the other side altcoins are easily effected by bitcoin rally upwards and downwards giving boost to those coins but they all are out of market soon with founders taking out their share of profits.How many coins we have seen in the last five years period only and now they don't even have some value to provide you with some profits or even some dollars also? But the bitcoin growth is stagnant and has provided long term holders return always.So make best choice with bitcoin if you know about it.

jokers10

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Quote from: redsun114 on November 08, 2022, 04:31:01 AM

That's a good advantage to be one of those early adopters of bitcoin. You can buy btc at cheap and you already made good amounts of profits from the past bull runs. What you said about expectations is true. I've seen so many people who get disappointed because the more they expect the more the price falls and maybe most of their expectations are too much already.

There is no way btc can achieve that in a short amount of time but if you expect less then expect that it will be granted easily and you will feel more happier this way. 70 percent drop in price looks scary but we should hold on and think about the past performance of btc. That should help us stay in this battle.

1BTC == 1BTC. If you don't need your assets immediately you always need just to wait until bear market is over. As a deflationary asset Bitcoin in the long term and in general will grow up, it's volatility will be lowering and lowering. So it is a good asset to save your holdings from inflation but hopes on earning will disappear in time. And that's why it is so promising that 1BTC is always 1BTC.

redsun114

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Quote from: Kakmakr on November 07, 2022, 01:29:21 AM

I have been around since the Bitcoin price was just over $300.... and I can tell you from experience that Bitcoin can surprise you, when you least expect it. Bitcoin has seen several huge price fluctuations, where it dropped with 70%+ and then it recovered with more than 200%....so volatility can be extreme.

So, if you just look back at the price history of Bitcoin, you will have a reason to be positive and optimistic about it's future. Stay strong and Hodl like crazy. Wink

That's a good advantage to be one of those early adopters of bitcoin. You can buy btc at cheap and you already made good amounts of profits from the past bull runs. What you said about expectations is true. I've seen so many people who get disappointed because the more they expect the more the price falls and maybe most of their expectations are too much already.

There is no way btc can achieve that in a short amount of time but if you expect less then expect that it will be granted easily and you will feel more happier this way. 70 percent drop in price looks scary but we should hold on and think about the past performance of btc. That should help us stay in this battle.

serjent05

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Quote from: ?? on ??

To be honest, bitcoin now raises a lot of questions for me. I think that with the right approach, you can still get something, but I would not pay much attention to this.

If you have lots of questions, why not research the answers to your questions, this way you will be enlightened and will not get easily persuaded by fake news and fake facts about Bitcoin. Not paying to much to true information may mislead us into believing something that isn't true about Bitcoins. Learning is an essential thing, don't get lazy about it.

Quote from: Obari on November 07, 2022, 01:24:59 PM

Bitcoin will definitely rise again and that's certain.

The previous history of Bitcoin already shows us the cycle of the Bitcoin market, all we need is to analyze it and compare it to our present situation. Just like being a bear market today ensure us that the Bitcoin market price will rise again when the sentiment transitioned to a bullish one.

Quote from: Obari on November 07, 2022, 01:24:59 PM

You've learnt so much already and now you need to do things with more caution and try not to be lured into over hyped alt- coins that rises over night and falls back too.
Bitcoin is still very new and tender as compared to other digital assets and not believing in Bitcoin is not believing in the future and I'm glad to know that you believe in the future (Bitcoin).
Welcome to the future.

Bitcoin is still new as a currency compared to the old fiat currency but Bitcoin is establishing its stronghold in the economy through adoption and use case.

Obari

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Quote from: Flyingjack123 on November 03, 2022, 01:25:18 PM

I came to know about bitcoin somewhere in December 2021. When it was hovering around 50,000 USD.
I read about its story from how Satoshi started the project to bitcoin pizza and more. I felt inspired. I decided to learn more about it and joined the forum with the same intention.
Over period of time i learnt things from crypto-wallets to crypto-exchanges. I learnt how bitcoin gained value and what are its benifits.
I also learnt about the flood of altcoins in the market, and how they are rising and falling overnight. Giving people chance to gamble and make fortune.

However to me bitcoin always felt special, because while projects fizzle out now and than, bitcoin has steadily been the corner stone of cryptoworld.
Also maybe i joined this forum, may be this naturally enhanced my trust in bitcoin.
I am not an avid investor. I invest small amounts now and than in bitcoin, and intend to not to touch my investment atleast this decade. I hope by then it will grow to a respectable sum.

While lot of people off late were saying that bitcoin is finally doomed to fall. Recently my trust in bitcoin has substantially increased because of the way it held its value against market forces . While all the currencies including euro and yen, showed a steep drop against dollar. The share marked saw a fall. Bitcoin held its ground.Against all the naysayers against all the government bans and restrictions, bitcoin managed to hold.
I believe it has proven its mettle.
I believe soon bitcoin will rise and shoot to the stars..
Waiting for that to happen.

Bitcoin will definitely rise again and that's certain.
You've learnt so much already and now you need to do things with more caution and try not to be lured into over hyped alt- coins that rises over night and falls back too.
Bitcoin is still very new and tender as compared to other digital assets and not believing in Bitcoin is not believing in the future and I'm glad to know that you believe in the future (Bitcoin).
Welcome to the future.

jokers10

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To be honest, bitcoin now raises a lot of questions for me. I think that with the right approach, you can still get something, but I would not pay much attention to this.

If you want just to earn something on some asset you first need to learn trading or investing, learning about an exact asset is a next step. If you want Bitcoin be that asset you want to trade or invest it can be a good choice, but Bitcoin itself is much more then just that. If you'll learn Bitcoin as itself you'll see that it is something influencing the world and giving lots of opportunities from which being as asset for trading or investing is a tiny part.

justdimin

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Quote from: 8rch7 on November 07, 2022, 12:08:17 AM

Quote from: btc_angela on November 03, 2022, 03:28:51 PM

I guess that's part of the natural evolution, I mean when people says that a certain invention is going to fall and it will be doom, guess what, it will go the other way around. Just like in the beginning, yes many people invested on bitcoin but sell early because they think it's going to die. And majority of them are not regretting their decision to sell early because bitcoin really took off in the last 10 years or so. Not to late to invest right now, the price is very cheap so take advantage of this situation.

It's true as you say it's not too late to invest now, because we have to take the opportunity to buy bitcoin when the price goes down, because we learn from the bitcoin price in previous years when the bitcoin price shot up all regretted selling bitcoin early and couldn't wait to hold bitcoin longer, I personally like bitcoin because the price of bitcoin is very difficult to guess, I have also felt the peace of holding bitcoin, patience is needed for people who hold bitcoin.

That is something only the smart people will understand when they check it. Reality is that you have to understand the price will always recover and will always crash, it is a cycle and if you take advantage of the crash, then you will profit from the recovery.

Not many people can do it, and I know it could sound shocking to many people here, but I have seen MILLIONS of people who sell when the price goes down. That is counter productive I know, and it is something that will make you lose money and that is why you should not be selling when it's going down, it's wiser to buy when the price is low like right now but only people like us know what is right and what is a mistake.

Z-tight

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To be honest, bitcoin now raises a lot of questions for me. I think that with the right approach, you can still get something, but I would not pay much attention to this.

What are these questions, you can surely share them on the forum for valid answers from member's that probably have more understanding about BTC than you, if i may guess i think you are only concerned about BTC's price which is still volatile, and that is probably what is raising questions in your mind, but BTC is well more than only its price, it is a useful currency that functions in a very unique and decentralized way, very secure and efficient too, there are many more, but it is much better you share your exact questions for exact answers.

yazher

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Quote from: uchegod-21 on November 03, 2022, 02:49:55 PM

Bitcoin has always been around whenever the market condition is not fine. Bitcoin has witnessed the birth and death of many altcoins and shitcoins yet he has remained unshakable. It is a good idea that you want to invest in Bitcoin, I commend your courage, bur leaving your investment for a decade is a way too far . 10 years is not today and nobody knows what actually will happen in the next two years let alone in the next 10 years. How rich are you that you will not be needing your investment until 10yrs time?

There are so many unexpected turns of events when it comes to bitcoins and most of the time people are fine with it because they already know the reasons why the bitcoins price acted in such a way. The sudden increase in the price is one reason why people are still investing in it and most of the time they won't care about the price drop because they already know that it will gonna rise after months or years and sometimes a few days have passed. The only problem is when those newbies are investing the money they can't afford to lose. They begin to rant whenever the price of bitcoins in the market begins to drop. Because they won't gonna get their money back as soon as they want.

Z-tight

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Quote from: Flyingjack123 on November 03, 2022, 01:25:18 PM

I am not an avid investor. I invest small amounts now and than in bitcoin, and intend to not to touch my investment atleast this decade. I hope by then it will grow to a respectable sum.

You don't have to invest lump sums to be an 'avid' investor, if the small amounts you invest is what you can afford to lose then you are investing in the correct way, you are also looking at the long term and not to get rich quick, i believe you are going about your BTC journey well. BTC goes through a cycle that we all can see, so if you are truly willing to wait, it will surely 'grow to that respectable sum you talked about'.

Quote from: xzy887 on November 06, 2022, 11:28:33 PM

You will notice that Bitcoin is being legalized in almost all countries and all major countries are interested in doing transactions through Bitcoin.

I have not noticed this, i don't think centralized governments are all that interested in BTC for now, neither are they doing any transactions with or through the coin, only two countries have made BTC a legal tender and while it is still legal to trade and use BTC in most countries, they are trying to regulate it, while some want to ban BTC mining and push us to a centralized POS algorithm, so do not trust governments to like BTC just yet.

davis196

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I didn't get a good enough explanation about why do you believe in Bitcoin. So you believe in Bitcoin only because the BTC price didn't drop against the US dollar? Many assets are performing good against the US dollar. Gold also didn't drop against USD, does that mean you believe in Gold? Grin

I understand that you are a newbie and you are taking your first steps in the crypto world. Everyone in this forum was a crypto newbie in the past. Just don't get too romantic about Bitcoin. BTC is a financial asset just like any other financial asset and getting emotionally attached might lead to making financial mistakes.

Gallar

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Bitcoin wins over other currencies, including other cryptocurrencies,
this is because most of the supply is fixed. The main advantage of Bitcoin is its ability to limit new. In particular, the supply of Bitcoins cannot be manipulated, nor is there an alarm of 21 million units.

that's what makes bitcoin always superior to other crypto, even fiat currencies.

eightdots

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Quote from: Ayers on November 07, 2022, 01:14:29 AM

Quote from: Apocollapse on November 07, 2022, 12:44:26 AM

Quote from: 8rch7 on November 07, 2022, 12:08:17 AM

I personally like bitcoin because the price of bitcoin is very difficult to guess, I have also felt the peace of holding bitcoin, patience is needed for people who hold bitcoin.

If the reason you choose a coin because the price is very difficult to guess, you're wrong to choose Bitcoin. Shitcoins and memecoins is the most harder to guess the price since no one can know when the developer want to manipulate the market and when the coin will become a dead coin. Of course I don't mean to encourage you to buy shitcoins and memecoins, but I just saying the reason you like Bitcoin because of the price is difficult to guess is wrong.

Actually most users seems already predict Bitcoin price will increase after 4 years cycle.

Difficult to guess here could be the volatility of bitcoin price, bitcoin is both volatile and almost unpredictable in the short term, I also like investing in bitcoin because of its volatility, the stronger the volatility, the bigger the returns.

Both bitcoin and shitcoins are unpredictable but investing in bitcoin is safer, bitcoin can plummet but it will recover eventually, with shitcoins being rare and they tend to die more.

That's right, the stronger the volatility, the bigger the returns. You reduce risk by staying in Bitcoin, but you may have a hard time predicting in the short term. Meme coins and shit coins are also hard to guess. The question here is how much risk you can take. For example, you invest in Bitcoin, but Bitcoin goes down but you know it will come out again and you will be affected accordingly. But after the drop in meme coin and shit coin it is very difficult to come back, maybe it will be completely reset. The risk you take here is important.

Kakmakr

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I have been around since the Bitcoin price was just over $300.... and I can tell you from experience that Bitcoin can surprise you, when you least expect it. Bitcoin has seen several huge price fluctuations, where it dropped with 70%+ and then it recovered with more than 200%....so volatility can be extreme.

So, if you just look back at the price history of Bitcoin, you will have a reason to be positive and optimistic about it's future. Stay strong and Hodl like crazy. Wink

Ayers

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Quote from: Apocollapse on November 07, 2022, 12:44:26 AM

Quote from: 8rch7 on November 07, 2022, 12:08:17 AM

I personally like bitcoin because the price of bitcoin is very difficult to guess, I have also felt the peace of holding bitcoin, patience is needed for people who hold bitcoin.

If the reason you choose a coin because the price is very difficult to guess, you're wrong to choose Bitcoin. Shitcoins and memecoins is the most harder to guess the price since no one can know when the developer want to manipulate the market and when the coin will become a dead coin. Of course I don't mean to encourage you to buy shitcoins and memecoins, but I just saying the reason you like Bitcoin because of the price is difficult to guess is wrong.

Actually most users seems already predict Bitcoin price will increase after 4 years cycle.

Difficult to guess here could be the volatility of bitcoin price, bitcoin is both volatile and almost unpredictable in the short term, I also like investing in bitcoin because of its volatility, the stronger the volatility, the bigger the returns.

Both bitcoin and shitcoins are unpredictable but investing in bitcoin is safer, bitcoin can plummet but it will recover eventually, with shitcoins being rare and they tend to die more.

Topic: Why i believe in bitcoin!! An amateur's outlook. (Read 537 times)