Ops you have done well by building this body of knowledge around Bitcoin and raising your confidence level for Bitcoin to the point you are ready to hold your Bitcoin investment for a decade.
And also I commend you for choosing to have schooled yourself with various aspects that aid Bitcoin holding such as wallet and exchanges, but lastly, my advice will be.
Don't have so much dependent on news and fud who are saying Bitcoin will deep on price further than what it is right now because that is the sure way to breed fear that can lead to panic sell, so I advise you to build your confidence more because that is what will sustain you whenever there is sudden price reaction.
Topic: Why i believe in bitcoin!! An amateur's outlook. - page 2. (Read 537 times)
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.
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.
Your question is good but in this modern civilization who still can't trust Bitcoin is nothing but a fool. If you compare Bitcoin 10 years ago to Bitcoin today you can see how much Bitcoin has changed. And how popular Bitcoin was when it was first in the market and how popular it is now. These are only possible because of people's faith and trust in Bitcoin.Now people believe that Bitcoin is our future asset. You will notice that Bitcoin is being legalized in almost all countries and all major countries are interested in doing transactions through Bitcoin. They understand the use of Bitcoin.You yourself will understand the use of bitcoin one day but do it as soon as possible because very soon all countries will be using bitcoin and then you will call yourself a fool just like now the people who believe about bitcoin are calling themselves fools. If they believed in Bitcoin 10 years ago and knew about Bitcoin, they could have profited a lot today.
Bitcoin is a new concept of financial order, free and human, and my trusted long-term investment hard currency.
I first learned about Bitcoin in 2013-14. I was a clueless teenager back then, with no access to exchanges or a way to acquire Bitcoin. Admittedly, I was on the scene relatively early, seeing that it was worth as little as $200. Honestly, I've seen Bitcoin plummet and recover numerous times, and especially after the large market crash in late 2017, I'm more confident than ever. As long as you're patient enough, you'll have a good chance of making a successful investment. Also, don't compare Bitcoin with fiat currencies, it's no use. While they're both currencies, they share very little similarities. It'd be more sensible to compare it with gold rather than EUR or USD.
Welcome to the Bitcoin world. I wish you the best.
Welcome to the Bitcoin world. I wish you the best.
I guess after the crash of 2017 most people started to have strong faith in bitcoin, back then there were very few people who believed bitcoin would go as high as it is today. I know bitcoin 2014 myself, bitcoin price then was $300, but I think bitcoin is just a ponzi scheme and sooner or later it dies and the crash of 2017 was the most horrifying accident I have ever seen. But then bitcoin recovered and hit a new ATH, my faith in bitcoin really changed. Can say I am willing to bet someone if they say bitcoin will never rise again. I am very sure about the near future of bitcoin.
I first learned about Bitcoin in 2013-14. I was a clueless teenager back then, with no access to exchanges or a way to acquire Bitcoin. Admittedly, I was on the scene relatively early, seeing that it was worth as little as $200. Honestly, I've seen Bitcoin plummet and recover numerous times, and especially after the large market crash in late 2017, I'm more confident than ever. As long as you're patient enough, you'll have a good chance of making a successful investment. Also, don't compare Bitcoin with fiat currencies, it's no use. While they're both currencies, they share very little similarities. It'd be more sensible to compare it with gold rather than EUR or USD.
Welcome to the Bitcoin world. I wish you the best.
Welcome to the Bitcoin world. I wish you the best.
I guess after the crash of 2017 most people started to have strong faith in bitcoin, back then there were very few people who believed bitcoin would go as high as it is today. I know bitcoin 2014 myself, bitcoin price then was $300, but I think bitcoin is just a ponzi scheme and sooner or later it dies and the crash of 2017 was the most horrifying accident I have ever seen. But then bitcoin recovered and hit a new ATH, my faith in bitcoin really changed. Can say I am willing to bet someone if they say bitcoin will never rise again. I am very sure about the near future of bitcoin.
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 .
Literary every time there is any kind of drop, a lot of cockroaches crawl out of their holes to say "bitcoin is doomed". Interestingly enough there is more of them when we are at the bottom and during accumulation phases.In any case you should "trust" bitcoin because of its technology and utilities not because of its price. In fact the only reason why price holds and in the long run keeps going on is because bitcoin offers a very unique utility that nothing else in the world does. A decentralized payment system that can not be censored.
Those who previously did not believe in bitcoin or who are new to bitcoin, sooner or later finally have the desire to get involved or get to know bitcoin at least its functions and benefits for the long term after history proves.
and what you have to instill in yourself to get involved in bitcoin is trust, because without trust you will hesitate and get stuck in the journey and believe that bitcoin will be profitable in the long run. And just remind you to make purchases with money you can afford to lose and if you only believe in bitcoin do and keep learning like diving while drinking water.
and what you have to instill in yourself to get involved in bitcoin is trust, because without trust you will hesitate and get stuck in the journey and believe that bitcoin will be profitable in the long run. And just remind you to make purchases with money you can afford to lose and if you only believe in bitcoin do and keep learning like diving while drinking water.
On the way of bitcoin to its peaks and overcoming the next ATH, there will be an incredible amount of fud during the fall and subsequent exclamations of buy, buy when the next rise is reached, so this is a two-way road and the number of supporters and opponents of bitcoin grows and falls synchronously with its course and here faith really acquires value.
To see the situation in general you need to learn enough about Bitcoin and it's technical features from one side and basics of economy from another side. But mostly people are just following popular trends so IMO the situation with dichotomous attitude to Bitcoin based on bear or bull rally will last as long as Bitcoin will exist.
On the way of bitcoin to its peaks and overcoming the next ATH, there will be an incredible amount of fud during the fall and subsequent exclamations of buy, buy when the next rise is reached, so this is a two-way road and the number of supporters and opponents of bitcoin grows and falls synchronously with its course and here faith really acquires value.
when people say bitcoin will fall, that's where people / whales are competing to add cargo so they can go to the moon in peace in their time,
one thing is natural if they blaspheme bitcoin when it is falling, but with our faith and the strength of our hands, one day bitcoin will return to its highest point, just need patience
one thing is natural if they blaspheme bitcoin when it is falling, but with our faith and the strength of our hands, one day bitcoin will return to its highest point, just need patience
If we talk about the nearest future then definitely BTC to USD rates will go up and down multiple times. But if we look forward to the distant future I'd say that we'll see different new financial systems some of which will be better then Bitcoin and replace is one day as nowadays Bitcoin gives an alternative to an old bank system. So someday in the distant future Bitcoin will fall but it is not a problem, it is a blessed promise of non stopping Scientific Revolution.
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 .
Literary every time there is any kind of drop, a lot of cockroaches crawl out of their holes to say "bitcoin is doomed". Interestingly enough there is more of them when we are at the bottom and during accumulation phases.In any case you should "trust" bitcoin because of its technology and utilities not because of its price. In fact the only reason why price holds and in the long run keeps going on is because bitcoin offers a very unique utility that nothing else in the world does. A decentralized payment system that can not be censored.
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.
If you follow this strictly and do not touch your assets until decade ends then mate you just got yourself nice house alongside a beach with lambo parked up front.
Though that's too much of saying but hey it's bitcoin and we are here because we know it's potential since the beginning. With the current situations around the globe it even pushes us towards more decentralized assets to stay away from restricted economy during the recession.
A decade is lot of time, but you pass the period you gonna get sweet fruits for sure.
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?
Newbies often claim so, after learning about bitcoin but I doubt he will be able to hold btc when bitcoin hits $100k in 2025 without selling it. It's easy to say but to do it I don't think many people will do it or it will happen if they forget it, as investors, we will not be able to control our emotions if it falls too much as well as when the price rises significantly. If he buys from this price and holds until btc hits $100, there will be x5 profit, which is huge profit. If I was in that situation, I would sell my bitcoin and wait for the market to drop, I would buy it back and that's what investors are doing.
OP from your point of view I can see that you cherish Bitcoin and you are also a good investor for you to invest on Bitcoin for a decade. You will reap from the fruit of your labour because its a long term investment but I hope you don't get discouraged later to sell your Bitcoin Holdings.
(....)
That's why people like OP is the one must be a model to other people too especially for that user who are just starting to explore or to introduced to Bitcoin.(....)
Common problem right now with people that starting to introduced with Bitcoin are they are just here because of investment, they even don't know how Bitcoin works, because on their mind is only money and greed. We cannot blame them, but I'm just saying that it is not a good practice.
You would really be that be aware on how it do works or its utility which its impossible for you to ignore out.It would really be just common sense that you would need to study on all about on things
that you've been dealing with.
As a newbie,as you do gain up experience then you would eventually able to realize lots of things.
OP from your point of view I can see that you cherish Bitcoin and you are also a good investor for you to invest on Bitcoin for a decade. You will reap from the fruit of your labour because its a long term investment but I hope you don't get discouraged later to sell your Bitcoin Holdings.
(....)
That's why people like OP is the one must be a model to other people too especially for that user who are just starting to explore or to introduced to Bitcoin.(....)
Common problem right now with people that starting to introduced with Bitcoin are they are just here because of investment, they even don't know how Bitcoin works, because on their mind is only money and greed. We cannot blame them, but I'm just saying that it is not a good practice.
I first learned about Bitcoin in 2013-14. I was a clueless teenager back then, with no access to exchanges or a way to acquire Bitcoin. Admittedly, I was on the scene relatively early, seeing that it was worth as little as $200. Honestly, I've seen Bitcoin plummet and recover numerous times, and especially after the large market crash in late 2017, I'm more confident than ever. As long as you're patient enough, you'll have a good chance of making a successful investment. Also, don't compare Bitcoin with fiat currencies, it's no use. While they're both currencies, they share very little similarities. It'd be more sensible to compare it with gold rather than EUR or USD.
Welcome to the Bitcoin world. I wish you the best.
Welcome to the Bitcoin world. I wish you the best.
Your not wrong to have a firm hope in bitcoin. Still u wouldn't compare bitcoin with Yen, Euro and other stocks out there. Bitcoin is unique and even in the crypto world being the pioneer cryptocurrency from which all alts sterns from. The value of bitcoin cannot be over emphasised and the fact that it continues to defy all odds the government and the critics have set against it projects it for how long its willing to stay.
Regulations remains one of the chief issues with the government else tbu don't deny it for being a currency with some good standards.
Regulations remains one of the chief issues with the government else tbu don't deny it for being a currency with some good standards.
Well, we all have reasons why we are here and why we believe in Bitcoin. But there is one thing in common and that is because we see Bitcoin as a profitable investment more than any cryptocurrencies in the market. Honestly, interest has been built up upon seeing on the news, social media ads, and of course, coming from the forum. I know doubts are what we feel at the start but it has changed as time passes by.
I would say good to you who see it as an opportunity but I have to say that never consider this as a forever asset.
I would say good to you who see it as an opportunity but I have to say that never consider this as a forever asset.
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