Topic: Why will I always have faith in the potential of Bitcoin? (Read 283 times)

This is why I love Bitcoin. Nobody owns it, it's not centralized like other cryptocurrencies. It is also easier to own btc unlike other assets and it's an asset that can be controlled by whoever owns it. I kind of understand why a lot of people are skeptical about BTC, because it's too good to be true.
If you tell someone a century ago that there would be a currency like this they would never believe you.

I have so much trust in Bitcoin because I know it will never be worthless. No matter how volatile it might be it will rise.
We just have to be patient and trust it. Despite how hard the governments are fighting btc, it's still here. If it was a centralized currency, or it was owned by a certain people or company it would have succumbed to the government's pressure.

Everyone has a separate overview about their faith towards bitcoin because they may love and cherished the whole concept but the ability for them to bear the risk might be lightly easy for them.
One thing you should note that is, liking the whole bitcoin progression is something very easy and common to say but putting that risk aspect of it maybe very difficult for them to complete because whenever some people may hear the of risk aspect of they changes mind. So it's very risky not to take risk in bitcoin investment before one would believe and have faith to what you believe.

And what do you exactly mean by complete financial independence? If you mean complete independence from fiat which you consider a shady currency, do you think it is achievable? Can you really separate yourself from fiat? But if you mean that you can be completely independent from financial troubles, then it is indeed Lambo that you wish to have. So you're someone who is still looking for a Lambo. Of course, Lambo stands for more money, wealth, a bigger worth, the ability to buy expensive stuff.

Bitcoin has been stress many times, they want it to fail badly and never want it to succeed but bitcoin has the best way to attract people and investors, it always grow in value no matter the negativity bad people try to bring to bitcoin. So, it is advisable to always hold bitcoin for future sake.

There's no harm in believing because what you aspire for or dream has been reached by the early adopters of some of the top coins in the market now, but the big question is can you hold on to what you believe in, you need to have the patience to hold on to your goal and of course, you need to have a decent job or other business so you can sustain your current way of living so can keep your portfolio in times of need and you must accept market condition even if Bitcoin price is dropping.
Time is not our friend in investing in Cryptocurrency there's no specific time you can realize your goal, so stock up patience while you stock up Bitcoin in your wallet.

Finance is not risky but if we talk about investing, that always carries such a thing and it was riskier if we never know what we are doing. That is why it is a must for us to should have spent more time learning before investing in Bitcoin for at least we are guided and at least we never get surprised if ever we lost them. In this kind of market (volatile), we should adapt and understand the situation not all the time the price of Bitcoin will pump but also be aware of the time that it will dump as well.

I may believe what you believe, but our perspectives on bitcoin may differ in some ways. We all have an ultimate goal in this world; you just stated that yours can be achieved through bitcoin and that you are hoping for it to be so. As much as we want bitcoin to be widely adopted, we also want our bitcoin savings to grow, which is why we diversify into bitcoin investments.

Since you just want financial independence, I would say you have it now because you are already into bitcoin, and when it is accepted everywhere in the world, you can just use it for your daily transactions without worrying about how its value will increase. 

Bitcoin is not so popular as you think, it is history. Firstly due to the transfer fee and transfer time altcoins are much more popular, and secondly - not so many people using crypto and also BTC transfers. For example, Tether USDT altcoin transfers needs some minutes, and fee is very low.

Exactly, and the fact that there are people here who share the same believe as you in bitcoins about the future is very reassuring and will fuel your believe even more. That is one benefit that being a member of a community of people who share same interest has on someone, whenever you feel low, discouraged and your believe in bitcoins shaky, there is always a community that their activity encourages you and keeps you going.

Like having bitcoin and a lot of it.

I guess this has something to do with price as well as it involves being complete financial independence and also being financially free.

We all have different beliefs about bitcoin and no one can stop us from believing but I do agree with each vision that we're foreseeing on bitcoin in the future.

It's gonna be the potential of it that will be appreciated not just by us by the entire world and it's starting to be seen.

If one country bans bitcoin, others will gladly recognize it officially, like El Salvador. I don't think that all the countries of the world conspire to criminalize btc. Anyway, there will be countries, and more than one, that want to develop using bitcoin. BTC gives opportunities not only to individuals, but to entire countries as well.

We can't know if rich people rely on offshore or btc. If they are quietly buying bitcoin, will the rich tell us about it? Of course not. These things they do without too much noise.


This is if we evaluate for some selected period (the last 3 years). But if you evaluate in the long term, then these ups and downs are of little importance.


That's right, btc isn't for everyone. In principle, this is what is observed: not all people buy bitcoin, but only some of them. Those who are willing to take risks and believe in btc.

There's a reason we're also very optimistic about bitcoin and its security right now even it's always been linked against traditional money but I'm not sure it will outperform but then again I believe bitcoin for some obvious reason is decentralized and financially free, a little bit not believe in the bank because this is always a concern that the bank can go bankrupt.
More secure devices are hardware wallets, exchanges don't fully trust or put any money there.

It will continue to run and it will take time for all bitcoins to be accepted because some countries still prohibit bitcoins for transactions.
If you want to use bitcoin, try going to Barocay Island where many shops, stalls, restaurants or hotels have accepted bitcoin as payment.

In this forum many of us think it is unstoppable, but it is not. Just as it is not immune to external forces. Look what happened when the mining ban in china and the miners had to leave. Or look at the influence Musk had buying and selling bitcoin. I think bitcoin has a lot of future but we do it a disservice by thinking such things.


If we are realistic and assume a maximum of x4 in the next cycles, to achieve that you are going to have to start from a very large investment from the beginning or have to wait many decades. You are not going to get it by investing $10 a week and waiting 4 years.

Holding fast to the decentralization of bitcoin and all the advantages of bitcoin is indeed the right path, especially if the world economy is unstable.
now bitcoin is a new pillar for the world economy, a new thought, and a solution for a new economy or financial freedom. so if you feel confident about bitcoin, it is very appropriate, because for now bitcoin is indeed one of the solutions to financial problems.

but even so you also have to be careful, we don't know what will happen in the future.
Likewise with bitcoin, bitcoin now exists and is in its heyday, everything is running smoothly. but you must remember, nothing is eternal in this world. you have to be prepared for the worst possibility, even if it's bitcoin. this is just a careful step, because seeing the current situation and conditions, bitcoin will continue to grow rapidly. because now the progress of the era will continue, which will lead people to know, to understand what bitcoin or crypto is.

I will be the same as you. Right now, I will try to take control of my wealth by investing in Bitcoin. many influences say if you invest at least 0.1 BTC you will be one of the richest people in the future, so I try to realize it even if it is hard by collecting it from my salary from my signature. And, I don't know how you and other members managed it, 1/2 or 3/4 or full? I spend 1/2 to operate and the rest half I collect until 0.1.

Bitcoin already shows its potential in the past years and only people who trust bitcoin get to benefit from it, before we are using only limited centralized mode of payment but now we can expect the innovation of the web 3 and bitcoin itself as one of the forms of services, the bitcoin shows already chance of getting an earning on it with the ATH before that happens sooner or later once we face another halving for the bitcoin and that the time you made a good profit unless you left in the ride and not getting trust right here. Once the bull run comes again theres a chance to post on different social media that whales bought already.

Bitcoin is not a silver bullet for achieving financial freedom. If you government banned Bitcoin, you won't be able to use it to buy a house, which requires government registration, spend it legally, etc. And rich people are not relying on Bitcoin to protect their wealth, they have offshore accounts for that.

Bitcoin's anti-inflation is impossible to measure. The last 3 years saw big rise in inflation, and Bitcoin had a lot of up and down movements in this period, instead of only going up and up.

A good investment is the one that has high returns and low risks. Bitcoin has high risks and very high returns, so it's not an objectively good investment. You can't recommend Bitcoin to everyone.

For me the one yes I have with bitcoin is its ability to act as a hedge against inflation and the ever recurrent economic crisis because it is free from the manipulations from the government and other political actors. So as some who seeks and truly desire to have and preserve my wealth for years to come, bitcoin is a viable investment option. Following the OP's argument, another upside for me that has strengthen my belief in bitcoin is that we are now seeing an increasing number of adoption as a legitimate asset class. It only means one thing, its value and stability will over time keep  increasing, there serving as a potential pathway to financial independence for those who embrace it.

The very name of this forum says that people who really believe in the potential of Bitcoin gather here 
However, financial freedom can be achieved in many different ways, including trading with different cryptocurrencies.
The mere fact that bitcoin has potential won't help you if you don't know how to use that potential in the best way.
It is important to analyze the crypto market and market trends well and make the best possible investment decisions, in accordance with your personal and financial situation.

I would say that just believe those things that you think it was believable and worthy.
I invest in Bitcoin because I have faith and trust that this will give me benefits and rewards someday and fortunately, it gives me more than what I think. People see the potentiality of Bitcoin and that is why they invest despite the risk. But don't get too dependent on this stuff, we can somehow become financially stable without Bitcoin as well.

And talking about adoption OP, it can take time (years) before we reach that level. Accepting Bitcoin is still on way far from getting the #1 payment option as only a few stores are accepting this across the globe.
 

You are very correct when you said Bitcoin has revolutionized the payment and investment system of the world. It has also promoted privacy and decentralization which has made people break loose from the manipulative power of Central banks and the government. The volatility of bitcoin is an advantage and also a disadvantage so it is advisable to take and embrace it.

I also share your idea of not wishing to be stupendously rich. The reason for the suffering and poverty in the world is greed. People want to acquire much wealth to spend on pleasure which are just temporal that is why they want to invest in products that promise huge profit in the short term and they end up being scammed. With Bitcoin, you have a reliable investment but you need patience and foresight.

You mean total adoption? We are going there soon but you could do that already by using bitcoin wallet to use on some merchant or establishment. If you are wishing it for everyone, it may take a while cause not all share the same admiration over bitcoin across the globe.

I have my ultimate goal already, a coin that has a limited supply and that its value is increasing as people are buying it, which is the reason bitcoin price is increasing as people are demanding for it. My plan is not about making bitcoin available as a way to spend in the public, I wish fiat to remain in that position. I can be able to just convert my bitcoin to fiat and spend if I want to, while I also have the privilege to save bitcoin. I see it hard for me at times to spend my bitcoin because I know it's value will still increase, but I can be able to easily spend fiat or convert it to bitcoin.

Can the price of bitcoin be stagnant? No. Although I do not advice anyone to believe that bitcoin can give financial freedom, but it can give the freedom that the centralized system can not give, it gives the freedom that fiat can not give, which is the freedom for you to be able to fully control your own money by yourself and not by any central body.

Bitcoin network is unstoppable yes, but Bitcoin application and acceptance isn't.  It only needs a notice of regulation from the authority to make Bitcoin transaction illegal and all the centralized exchanges and company that is involved in Bitcoin will stop its acceptance or operation.  It maybe used in an underground trades or dark market but the mainstream adoption of Bitcoin will definitely stop once the authority prohibit the transaction of Bitcoin.

Bitcoin mainstream adoption is not untouchable, it is still affected by the government regulation, the only reason why Bitcoin adoption grow is because the government is being lenient to Bitcoin users.



I believe that anyone who is hardworking and working smart will be able to get financial freedom regardless of the presence of Bitcoin.  I don't think that Bitcoin is the only thing to achieve your goal  I believe the main factor of your success is your own perseverance,  Bitcoin is just a neutral tool.  You become successful in trading not because of Bitcoin but because of your skills in trading.  If you happen to find a job that pay in Bitcoin, it is not Bitcoin that gives you the opportunity but the employer that accepted you and it is not Bitcoin that made you get qualified for the jobs but because of your own set of skill.  Your financial freedom will not be given by Bitcoin but rather you can claim it through your own effort and endeavors.


What if Bitcoin price stagnate?  Do you still think that it will be your guide to pursuit financial freedom?

Since this discussion is focused on bitcoin i will advise you move the thread to bitcoin discussion, we have many reasons to make us lay hold to bitcoin and as long as the first decision had been made with the choice of going for bitcoin among many cryptocurrencies, because bitcoin is the first and well recognized digital currency, if you learn and hodl, you will not regret your decision, you will also have to learn about some security measures in dealing with preferred wallet type against hackers or centralized institutions such as exchanges.

The ability to completely transform the way this world operates might get changed because of Bitcoin. I believe apart from financial security it may change today's life which is the difficulties and uncertainty of the future. Everything happening around Bitcoin now is only a building block of progress and innovation. For me, Bitcoin is my guide in the pursuit of financial freedom and supremacy.

Why do I feel I am on the right path?

Staying curious, staying informed, and staying optimistic are the three pillars of my success now and will be in the future too. I know my future is bright as I was one of many who liked the concept, and who dared to dream, in the end, acted on my beliefs. For me, Bitcoin has been a force to be reckoned with as it has been disrupting traditional financial systems and empowering individuals like me to take control of my wealth.

Why do I think Bitcoin is unstoppable?

As it is decentralized and immune to external forces. It is a more valuable asset than a bar of gold. To everyone who is seeking financial freedom and protection against ongoing inflation, Bitcoin is the best investment. As fiat has always been a shady currency.

Finance is always Risky!

Bitcoin privileges come with a unique set of difficulties and uncertainties, much like every innovative technology. One of the big concerns is losing everything that you have invested. It has been more than a decade and Bitcoin is still going strong. As a newbie be prepared for the ups & downs. Always do your own research and then make a decision.

Ultimate Goal!

My ultimate goal can be only achieved through Bitcoin. This will happen when I go to any big store and pick up anything without thinking about how much I have in my wallet. I am not someone who is looking for a Lambo. I am someone who is going after complete Financial independence.

Do you believe in what I believe?