Bitcoin Forum

I found this on Twitter, and thought it might be good to share. Every newbie on 2017 - 2018 who came to Bitcoin to invest, who are now holding with a loss, should know that you are here, unknowingly, to be in a revolution.

Do not sell, buy the dip, and HOLD.

https://twitter.com/vcorem/status/1076251118747959296?s=21

firstly, newbies are just fresh on the block and know just a little or nothing about the technology as most of them tend to come into the technology as they have heard that it is profit oriented and then i am forced to ask questions. the newbies should endeavour to ask questions that will serve as guidelines towards how they get involved in the system

What a great sentiment to share...not just for newbies but for all of us!

There is a broader purpose and perspective here that a lot of us felt strongly in the beginning, well before the 2017 run. I'm talking about before the Mt Gox run (or the run that preceded the Mt Gox bust). Now is the time that all of us need to remember the purpose for which we were first attracted to this thing. It's not about the last 6 months or the next 6 months, it's about the next 6 decades and onward.

Indeed, many newbies in 2017/2018 were attracted by the get rich quick thinking.
I aoukd think many of them have left at this stage temporarily or permanently
whos to know.

I got into crypto in january 2017 with two eyes open one on the long term and one
on what the technology offers its users. My long term outlook has not changed,
even amid all the market movements and negativity because bitcoins functions has
not changed.

Quote from the EMAIL:

What about the newbies that buy when bitcoin was 19000$ per one? I feel sorry for them ,its not that they will never recover the lose again its just that it might take longer that expected, they must have lots of patience

Yes, though let's admit that not all would be proud to be a part of the said 'revolution' as those newbies who came in late are probably just in for the money, nothing more. I know a guy who bought in @ $15000 and still is yapping about it, blaming bitcoin for his not-so-smart decision to buy on an already inflated price. I tried to tell him that this will not hold long yet he still bought in saying there's more room for growth and bitcoin could easily go to $30000 because one prediction says so. They wouldn't appreciate the revolutionary part of bitcoin but just loves the fact that it could get them money quickly and easily without toiling so hard.

Best way to look at this from a noob point of view should be If you own only 0.1 BTC then no more than 2% of the world's population can own more BTC than you.
When people come to understand the underlying aspects of bitcoin I think we will see further adoption.

Bitcoin should return to it's roots.The BTC price doesn't matter.Actually,if the price crashes and goes under 1K,the process of going back to basics will be way more faster.The crypto rebels will be always a minority.The majority of quick money seekers is not sustainable and it will come and go,following the market trends.

Well i think that it's good that more and more people enjoy this crypto world, and there are newbies.The thing is that someone has to help them to understand this market, so it's better for them to ask questions, and another thing, when you read threads or something don't talk about something that you don't know exactly what is about because here people  argue badly with each other.I think this is the stage when you have to document yourself about some things, and i went through that and it can be really hard.

I'd be very interested to know what proportion of newbies went straight to ICO shit that'll never recover vs buying Bitcoin. It's quite possible many of them never gave BTC a second's thought.

Understanding that is difficult for newcomers to understand, I'm sure they are based on advertisements that they hear and understanding of luck, get rich quick, easy and instant investment. Even they don't understand how this technology works. You are very good at telling them about the history of how bitcoin and b-money have coexisted side by side, I think Satoshi already understood the future of the technology they created, so he chose to leave so that he would not be influenced by politics.

All he has to do is be patient and forget about his Bitcoin for a few years.  The same thing happened after the Mt. Gox crash but overtime they would of recovered their losses if they held.  People need to appreciate investing as a long term game and not some sort of get rich quick scheme.

Well, we must understand the investing pattern of experienced investors in order to optimise hour trading strategies in a positive way. As the great investor Warren Buffett says, "Be fearful when others are greedy and be greedy when others are fearful". Newbies exactly follow this in opposite direction and hence they suffer losses in most of their investing decisions.  One should invest not more than his loss-bearing capacity and it will give confidence to the investor to take bold decisions even if the market is red.

In 2018, crypto's market sentiment scared many newcomers. When they saw that the market was red every day, if there was no crypto experience, it was undoubtedly shocking.
In addition, the spread of FUD will also give novices a natural defense against Bitcoin, they will always think that Bitcoin may be a pyramid or scam.
Bitcoin needs a benign and stable external environment, which is exactly what we should work hard, so we should spread more positive news about Bitcoin and try to avoid spreading negative things.

They needed it to learn that drowning money in ICOs is like gambling. People learn through experience and I've been watching this take place in cryptocurrencies throughout the years. There was a mining boom where everyone wanted to preorder new hardware in 2013 and 2014. Many companies saw an opportunity in scamming and the hype died.
There was a cloud mining boom in 2014-2016 and it also ended with hundreds of scam companies. In 2017 we had ICO boom and it also needed about 2 years to turn sour.
In time more people will learn that you don't have to run around throwing money into all these altcoins, startups, mining farms. All you need to do is hold Bitcoin.

A lot of people also were  getting richer by holding  not just BTC. The rest of these people hold tokens worth a cent but during the bullrun it went up to  $10, if you are holding 200,000 tokens with $10 each, that is going to be worth  dumping. They don't see that pump every day so they must have sold what they got. There are  scam ICOs but those tokens which rises while the bullrun is happening, it must be worth buying back.

I mean, why would anyone bother with a coin which has a working product, constantly being updated and improved, and a real world use, when you can just throw your money at some random ICO without any of these things which promises to 100x your money!? (/s)

Thankfully, a prolonged bear market is likely to flush out most of these scam ICOs, and many of the blind "get rich quick" chasing newbies too.

A huge percentage of people joined in 2017 and early 2018 during the huge spike was in it for the money and only money, they have no knowledge or very limited about Crypto and blockchain, in fact, I know some people that sold their properties to buy Crypto with a dream of becoming rich and then they forced to sell with loss and promised to never touch Crypto again, I believe there is a lot out there in the same situation. Sadly but true that what you are saying is only applicable to a very small percentage.

Many newbies invested in the moment of Bitcoin bubble and is disappointed now. The problem is that they were driven mainly by greed and they didn't know in what they invest. Now they have time to find out what they have invested in and that this is just the beginning for Bitcoin.

At the beginning of 2018, people jumped into crypto market without thinking as soon as they heard about the peak on crypto prices. It is not possible to gain easy money in any market likewise crypto market is a good example. People have learned that by a hard way. But it doesn't mean crypto market is a market that people stay away. It only means that you must be patient to buy from right price.

Indeed, it's kind of ironic when we see most of the cryptocurrencies user doesn't care about their own privacy and anonymity. I mean they didn't get the point about cryptocurrency, and still dependent on centralized entities. A lot of people are giving away their identity only to participate in ICO or bounty.

in my opinion people who have bought bitcoin should already know that. otherwise they shouldn't have bought bitcoin in first place! unfortunately that is not true about most of the newcomers that started in 2017, they started because they thought they could make a lot of money over night. many of them don't even know what bitcoin is, why it was created, what it offers,... they just know that its price could shoot up which is why they bought it.
luckily the drop made them exit and now the market is clean of them and those that are left are already know the potential of bitcoin or are slowly learning about it. which is why they have stuck around.

Cryptocurrency investment is the same as when we make a business, without us knowing the competition, the market, and how it works is the same as we are trying to make a hole that can make us fall inside. And all businesses in my opinion have their own knowledge, and without us learning it is impossible to succeed

Cryptocurrency is a great way to earn profit with trading but it has more risk than ordinary stock trading.
When I knew crypto, I'm less interest on it until I found the way how to earn bitcoin with free.
From that time, I know that crypto may become potential investment in the future and yes , it's proven !

I'm glad that I'm hold some of them until now !

This is something that cannot be avoided. For mass adoption to be a reality there will be some degree of centralization in order to make people lazy about learning be able to use Bitcoin easily with no more risks than fiat currencies have.

I do care until a certain point. The rest, from my point of view is being realistic about the future of Bitcoin and the elements that will make mass adoption possible.

The better way to put it is; no one who's legit a skilled trader making enough profit wastes his time on social media posting all day and charging money for signals and courses.

Self awareness is what people are lacking here. If you suck at trading, aren't really interested in investing time into understanding technical analysis, then don't trade. Paying someone for shitty signals every clown here can come up with is the worst thing you can do. Flipping a coin at least provides fair 50/50 chances of winning, which signals can't provide.

If you thought this was bad, then wait for the next wave of adoption, these people will be way worse than the baboons we're dealing with right now.

Yes, because most beginners are more likely to focus solely on the benefits, so they forget where they are standing and don't know where they are?.
Along with the development of technology, I think this revolution will continue to develop and be sustainable and bitcoin will most likely find its new golden age, where massive adoption takes place so that the government will not be able to control it.


Only this's the best strategy for now and at the same time can be used as capital for success for the future.

Mass adoption does not need essentially a centralization. Why should we give away our privacy or letting centralized entities to slightly control cryptocurrencies in order to gain mass adoption. Bitcoin underlying technology has the potential to be trustless and let us gain financial privacy and freedom if we are done it right.

In my perspective, I do care about privacy and somewhere else privacy. And telling/educating them the truth is worthy. I urge them to know how privacy important to themselves, and why we should not give away our identity for any centralized entities.

The problem with this is that most people walk around like donkeys with flaps at the side of their face. The government put the flaps there with Fiat currencies, for them not to see the financial "freedom" that we have come to see with the introduction of Bitcoin. It is our responsibility to share Bitcoin with those stubborn donkeys and to steer them into a new direction.  ;D

You do not know what financial freedom means, until it is taken away. <Just ask China and Greece and Zimbabwe>  ;)

There is an important reason from the invented of the blockchain and bitcoin itself. freedom in finance is fought so that the government does not exercise control that removes freedom from its owners. so for holders you don't need to hesitate. this is the technology of the future, the price will definitely rise

As stated it from Satoshi's vision bitcoin is to provide users with the freedom of finance. Initially it was good and later slowly the growth took place in all the forms. For example the usage on illegal needs and other purposes increased, but the key vision is being fulfilled. At some point people believed it as a quick rich scheme. This mistake is done by many newbies and they easily get away experiencing loss.

..i am once a newbie..new in crypto since 2017..base on experience..I also aim to become rich quickly..i have witness the rapidly quick of Bitcoin price value that reach its peak in the end of 2017..but as a newbie,i did not invested too much in buying Bitcoin which I am regreting that time,,thoughts come into my mind that "if I buy and invested in Bitcoin when its price is low,then probably I am rich now",,but as days passed by,,there is a continous downfall of Bitcoin price which made me think again that if I invested and buy Bitcoin when the price is high,i might have regret again because i lost half of my money..

..this is an important message not for newbie but for all of us that we should have to learn the very basic why does bitcoin created and how does this will work in the duture and how it will going ti help us..

Not only newbies, every user at the beginning could have two forms of understanding about bitcoin. One is that bitcoin is a get rich scheme. Next thing is that bitcoin is a asset used for all form of illegal needs. Very few understand it in the right way and make use of it. Newbies need to go through the forum before making an investment, because scammers with more and more attractive scam multiplier schemes roam targeting newbies.

The most important thing that every trader (not only newbies) should have is knowledge or information related to the market. By learning more lesson or read about the analysis, they can be able to trade bitcoin or the other coin. When they can get much information from many sources, they can prevent from making a mistake, and of course, they can be able to make a profit. But somehow, although they are already learning many lessons, some of them still get panic especially if the market get dump in the next hour and cannot think about hold the coin and they prefer to sell instant because they don't want to get a lose.

What media described by the days of 2017 is getting repeated. I haven't seen media describing that there will be growth with bitcoin continously. I have come across media stating bitcoin and other cryptocurrencies as a source for illegal activities and media always portrayed the negative part of bitcoin. Beginners should not get to it, they need to analyze well and further get into it.

When we have Bitcoin, we must be prepared to accept the risk. price decline is indeed an issue that can cause us to suffer losses, besides that we also have to be able to save Bitcoin security access very well. Things like that can cause us to lose the Bitcoin we have.

so far the media has mostly gone with the trend. meaning when price is rising they join the hype and soon enough all you see is ridiculously high price predictions like $50k, $100k,.. within unreasonably short time just because price is close to $20k! then when the drops begin all this changes in a blinking of an eye and before you know it the $50ks and $100ks turn into $2000s and $1000s predictions :D

Because of this in OP, I add that an important factor that every newbie should know, is that when he enters the world of bitcoin, it does not mean that he will become rich overnight, nor that trading will be the exit, only for be a high-tech currency and that has a high volatility.

In this world everything must be taken calmly, there are forks, there are attacks that have been made to bitcoin, bitcoin is handled a lot by the law of supply and demand, they must understand that trading is very different to the Stock Market, due because the high volatility of bitcoin movements, at any moment you may be gaining a lot and in seconds you may have lost most of the investment.

Many ideas are spoken, actions are made but many are easily surpressed by authorities, bitcoin is indeed successfully but who knows its would be a complex ecosystem with much speculation on prices, price wars in exchanges, fomo fud, consolidation of mining power and such, it's up to present developers to do it better, and users to use it better

I think it is not just for newbies but for everyone in this crypto industry who has joined the revolution to acquire freedom in our wealth and take control of our own wealth without anyone or any government interfering it. I also got into the crypto industry in late 2017 when the market is booming and skyrocketing and at that time I don't know much about Crypto Currencies and to be honest this is the first time that I see that name "Wei Dai" and I didn't even know that he is one of the first persons that the legendary Satoshi Nakamoto contacted when he created Bitcoin, anyways thanks for sharing this kind of information now I'm getting curious about this person and gonna research more about him. 8)

Will soon to realize that Bitcoin will have a big place in the community and might to see it widely used. For now, we are considered this a form of investment but not it would be like that forever and it will change our mindset and making it away to fully engaged with digital currencies.
It is our opportunity to be a part of this technology and soon to be appreciated by all.

I am more convinced that beginners go into the bitcoin trade because seeing the success of friends, relatives or other people on the internet is very easy to get rich. Bitcoin can give dreams in a short time.
They do not know that bitcoin is a very volatile digital currency, price changes can take place very quickly, so making wrong decisions can result in profits that have been in front of the eyes turned into losses. Besides that, following the trade must be smart and able to withstand patience.

Atleast newbie must realize this thread mate,this is all about for them as they are the one that most affected everytime theres a dropping in every coins they hav3bought

I remember when i first enter investing and the price goes as bad for me,i had sold in loss when just after a days the value doubled that teached me a lesson and now will never the same mistakes again

Basically, there is more to the whole community, than narrow it to just Newbies. There are primary things an investor should know about Bitcoin as a technology before investing into the technology. Understand that Bitcoin investment should be on a long term and not short term.  As a Newbie, i invested some of my earnings in bitcoin and never regretted my action, although there were many that regretted because of their greed.