Bitcoin Forum

It's 2023, a good time to be alive in good shape and health, hope you guys are doing so well, I have been into Bitcoin investment since December of 2016 and I feel good about myself to have make it this far, I want you new beginners to know that nothing is impossible, follow your dream and do not let any nonbelievers sway you away from your dreams.

Also do not let your dreams stayed a dream, you need to bring them alive, so far I can confidently say that mine have come alive, it has been a tough fight all along..

Imagine believing in something that very limited numbers of people believed in for years, it always look like it will fail, I had the fear of giving up but my father, he was just there all along, he gave me the guts over my fear and I lived through it, until 2021 when my dreams become a reality, sadly he is no more around to witness it all, I have been fighting this war since 2016, and today I am thankful.



To all Bitcoin beginners on here, do not give up on Bitcoin.

When there is fear in the market, be bold enough to take a step, use the fear to your own advantage.

In 2013, Micheal Saylor trashed Bitcoin, saying it's days are outnumbered that it will suffer the same fate as online gambling, and today, his company Microstrategy now owns 140 thousand Bitcoins. This is 10 years later.

The funny part is, online gambling became even more successful in 2020 pandemic period. :D

I don't see something like this when I was struggling to make things work through Bitcoin, you beginners now have real reasons to summon your courage and believe, it was cold and silent in 2016, the FUD on Bitcoin was so much that you can easily give up and believe Bitcoin won't work, today it's different.

Yet some beginners still doubts, when I see beginners acting weak on Bitcoin, doubting its survival, I always ask them, what about those who invested in Bitcoin years ago when everything was so cold and hopeless? What gave people like that some courage at the time? Now big companies or well-known people are now adopting Bitcoin, that's your Courage there.

You beginners have no excuses, it is safer to be in Bitcoin now than to be out of Bitcoin, just, Believe, you will lament to have 0.1BTC very soon, now is the time to believe in Bitcoin and HoDL.

I don't think that's true. I mean bitcoin never experienced a full recession before. 2020 was very close in terms of being hopeless but 2023 is exceeds even that. The US still haven't raised its debt ceiling and if they don't, the US will default on its debt. Can you imagine that? The world's most developed nation, AAAAA++++ credit ratings, the owner of the federal reserve is about to default on its debt... and if they don't, that's is an equally scary scenario because then the inflation will go boooooooom. Let's see how bitcoin will take these events.

I'm sorry your father passed away, and it's so nice that he was supportive of your Bitcoin investment and endurance through the hard times of the bear market. Experts make mistakes, and it's really hard to predict how well a starting industry would do in the future. Online gambling is clearly big, and so is Bitcoin. The price isn't as good as in 2016, of course, but still pretty good. That being said, I think that people who have fear over Bitcoin and doubts about its potential should not invest in it because investments should be made based on personal decisions, given that the responsibility and financial risk are personal as well.

These same people are the type that always take good advantage of something like this to make their way through as a life time opportunity, they see the risk, go for it and enjoy the after ride it serves them, imagine if one have invested 10 years ago till now, yet this time too isn't bad enough because those that will invest also today will have enough reasons to laungh best tomorrow when things have gone more better as expected with the bitcoin market, this is the target on why many investors hodl their asset, they wwnt to realize the profitability in bitcoin without having a trace of loosing than gaining althrough.

You can work, have salary & money, make your savings and use part of savings for your investment in Bitcoin.

You have to do this gradually, accumulate bitcoin gradually but with money from your own pocket. Don't borrow money to buy bitcoin. Don't invest if you need that money  for something more important for your life.

Investment is risky so you must afford to lose your capital before you start your investment journey with Bitcoin.

Dollar Cost Averaging is helpful.
https://dcabtc.com/

There will always be doubters, there will always be late adopters and there will always be those who who would never come around for the bitcoin train. The weak hands in bitcoin is not as much as it was in 2016 or before with many of them moving over to altcoins hoping they give more ROI than bitcoin would.

Bigger investors does not make the network safer or more secure, it is the decentralization of nodes and the level of difficulty that does.

- Jay -

Most people get a lot of things wrong, so they make wrong decisions because they listen to various "influencers" who tell them what to do and when to do it. Not much has changed in that regard since 2016, which the OP mentions as its beginning, except that Bitcoin was less well-known then than it is today, and the fact that after the big bull run at the end of 2017 it entered the mainstream.

Today there are companies and individuals who own a lot of Bitcoins, but I don't think that this is something completely positive considering that they do not use Bitcoin for anything other than storing value, and that at any moment they can cause panic if they publicly announce that they are selling all or part of the coins they own.
 
Personally, I liked the time when the price of BTC was only a few hundred $, everyone could buy it (1 whole BTC), and it was used much more as a currency, and not only as an investment.

There will be doubt always, doubts about bitcoin's credibility, doubts about investing in it, doubts about it's survival and it is normal that there will be more doubts existing with beginners.

People who invested years ago had no idea how that time was or was going to turn out. They merely invested because they heard about it then, had doubts that they could overcome and had the means to finance it comfortably to be able to keep their bitcoin investment longer.

Many invested with doubts in their hearts, but not many people can do such maybe because they are not financially strong enough to take such risk or they have more doubts and they are the kind that do not take action with doubts in their hearts, or for other reasons.

The only thing that creates value for Bitcoin is that people believe that it will have value in the future, and this is what prevents you from selling your currencies even if the price reaches $40,000 because you know that it will increase in value in the future.

So, if you are hopeless, do not invest because all investment is based on the hope that the future is better than the past, and therefore keep your brain away from pressures and be content with low-risk investments and returns that are offered to you, or buy gold in the hope of preserving your money from inflation.

Investing in high-risk assets is harmful if you do not know when to stop investing, meaning that you have a clear entry and exit strategy.

I don't think it's necessary to use stories to cajole people into believe and trusting in Bitcoin, I think if you use this method you would have to be consistently convincing them not to fear the market especially when there is little dips hear and there, the market is always volatile and it's a difficult task trying to convince someone about a particular Crypto-currency, and doing so you also making yourself liable to be held or blamed if they actually lose money from holding Bitcoin or any other crypto-currency.

Rather than cajoling people to believe in the investment strength of Bitcoin why not enlightened them about the potential advantages Bitcoin has over other financial system, let them understand that they can actually use Bitcoin to make their financial system easier, and also the fact that they control their financial system using Bitcoin and not under any centralized rules. Also tell them about the dangers, hackers, scammers and the need to be very security conscious. This are the issues we need to discuss more with newbies if the adoption of Bitcoin is to take full effect.

0.1 BTC is very large amount for some people, I also heard in many podcasts people nowadays are very bad in manage their money, many people don't even save a dollar, how about Bitcoin investment? it's near impossible.

Many young generations are prefer to buy a branded stuff and have a luxury lifestyle to make them looks rich.

They need to learn how to save first, then they would think to invest their money. This make people not interested with Bitcoin because financial and investment education wasn't teached in school.

No matter where the price of Bitcoin goes, how many times it breaks the all time high price, there will be some people who will always be not happy with any of these events. They will always complain that they are late to the Bitcoin adaptation and missed the golden opportunity to accumulate Bitcoins. For them when Bitcoins was at 15k usd, it was “expensive “, and now when Bitcoins are at 30k usd, it’s still “expensive for them. So yes nothing can be done with this type of people to be honest. Kudos to the early investors and true supporters of Bitcoins. Definitely in the next few years they will make tons of profits.

you become part of the many people who are living witnesses of the development of the Bitcoin market. quite a lot of my friends have given up and let go of the Bitcoin they have. you have support from your family, it's good for your mental health when you have so much FUD you will hear.
I do not know exactly why I still hold my Bitcoin. or I'm still trading Bitcoins. what is clear is that I have also felt how I benefit from Bitcoin. many newbies are interested in Bitcoin when the market is very good. but many of them also dropped out when the market crashed. those who hold and hold Bitcoin, I think only a small part of the many beginners who come to invest in Bitcoin.

Thanks for sharing some nice and balanced thoughts. I agree on your general sentiment and also regarding the idea that even 0.1 BTC could / would at some point in time be considered true wealth.
However I want to warn a little bit to be too optimistic regarding the short-mid term. Yes, chances are we can see another end of ATH 2024 to mid 2025. But maybe not. The current geoeconomical situation is as unstable as never before. Things are as complex and interconnected as never before. It's extremely hard to make accurate predictions for almost any kind of market these days and nobody knows how exactly Bitcoin will react if indeed a hefty world-economic crises emerges. Yes, Bitcoin could/should be a good hedge, but there is always some unknown variables.
Don't get me wrong, all I am saying is, never go all-in on anything, including Bitcoin.

OP, I don't think we should push and pressure people who don't want to accept Bitcoin yet. Why would you want them to come and invest in it without sufficient knowledge and understanding of how Bitcoin works? But yes, you are right that we know many stories of people who believed in Bitcoin from the very beginning of its existence. Let's remember davincij15, the one who so sincerely advised everyone to invest at least one dollar in Bitcoin. But how many of us have heard it?
Now we regularly see people coming to Bitcoin who regret that one day they didn’t listen to our advice. People grow up in different ways, it does not depend on age. Someone will wake up and realize that it is time for him to change something in his life, while someone else will remain sleeping and living without doing anything new in his life.

We can't blame other people, especially these beginners because I feel them also before, like I don't know what I am doing or I don't know at the beginning where my money is going if I will buy Bitcoin.
These big companies or entities become my inspiration because if these companies are buying or investing and trusting Bitcoin with a very huge amount of money while I have a very small, then I trust to do it also.

Beginners who are still unsure are because they don't find the right reasons why they should invest in Bitcoin so they don't hesitate to start even when the price of Bitcoin is still at a low price.
Investing in Bitcoin is a choice and if they still don't want to try it, we can't do anything about it but they will surely regret not wanting to try it.
People who have seen how Bitcoin is developing a want to keep investing in Bitcoin, even if they use more money than before because the current price of Bitcoin has not increased.
They feel that this is a very good opportunity and should not be missed because when the price of Bitcoin increases, it could be too late and make them regret it.

You are right about possible panic from those that hold a large number of Bitcoin, and that's a bad thing, if panic comes it's going to be helpful, the more those that hold a large number of Bitcoin sell their bags the better it will become for Bitcoin, Bitcoin needs to be circulated instead of some whales holding large number of Bitcoin, so for the short term the panic will cause more dump but for the long term it's better. So What do you think?

If everyone buy Bitcoin at 100$ per one, for how long do you think that the price will stay at 100$? For something that was created to have value as more people buy, this is impossible,  many people wont be able to buy for 100$ before it will move on to 110$, 120$, 200$, the more the adoption increases the higher the price will grow.

Your story OP is really touching, it hits different when you really would like to try things out like in the crypto industry which is the Bitcoin when the people you love fully support you and believes in you. Instead of saying things like you can't do it, they would really give you the push to believe in yourself and follow your guts. Worse part is when the time you succeeded they are gone it's like their mission to guide you is done.

There's no easy beginning to everything, even a talented person without polish won't do enough for you to shine. You'll have to work hard, study and be consistent which can be apply in Bitcoin. If people think they are not good enough to invest in Bitcoin then they are free to learn first. Which is a good thing since risk without knowledge is useless. But in Bitcoin surely there's a lot of opportunities ahead when you invest still do your own research.

Bitcoin is unique and those who are scared to invest or don't believe in bitcoin should be left alone,for make their decision. I believe that when they have come to realize the potential of bitcoin,they will hate themselves for not taking advantage of bitcoin earlier,just like most of us that are new into bitcoin are regretting that we didn't adopt bitcoin since 2009.

This is still the best time to invest in bitcoin as the price is dip,after this time we might see a hike in bitcoin price and at this time people with little amount of money will buy very expensive. Fear,is another key factor that is making people to assume that bitcoin might not last. Life is all about taking risk to be successful, when you take a risk and think positive towards your action,this will kill the fear in you and make you have a strong believe in your actions. Believe in bitcoin and don't assume.

Sorry for the departure of your dad.

Just like what Nathan Rothschild stated,  "the time to buy is when there's blood in the street".  This is taking advantage of the market crash hoping that the market will recover one day.  This is what they called contrarian investing[1] meaning the worse off the market, the better the opportunities in the market.

This is one of the investing strategy on a proven cyclical market just like Bitcoin.  Bitcoin is the best investment venture for the contrarians because as we observe, Bitcoin is cyclical and they can often apply the ideology stated by Nathan Rothschild during the bear market and take profit when Bitcoin bull market rally.  This is why aside from DCA, whales tends to scoop large amount of BTC in a conservative way when market is crashing.  They take advantage of the fear of people and panic selling of weak hands to accumulate more BTC.

---

[1] https://www.investopedia.com/articles/financial-theory/08/contrarian-investing.asp

In addition to this, better have another source of income that you can use to invest in Bitcoin. Inflation especially in my country is kinda fuckery these days and depending on the industry you are in, it might not cut to invest in Bitcoin since you would use almost most of the savings in bills.

I would think of finding another source of income if I would go all-in to Bitcoin since the price is fluctuating and considering how economy running these days, every single penny matter.

Sometimes it is not reason, sometimes it is also the money that they had. If I had not corrected my misconception back in the days, I would have missed everything in Bitcoin plus also on how short I was on money when Bitcoin was like 3-digits only in dollars in the old days.

The market is free and anyone can buy as much BTC as they want, assuming they have money and can find a sufficient amount. Large purchases and sales will always have an impact on the market if they are public, and what some see as a problem, others see as an opportunity. Because those who invested in Bitcoin a long time ago and still hold would certainly not want a catastrophe to happen that would drop the price by 90% or something similar, but there are also those who would certainly be very happy to experience it.

I personally think that we should learn from everything that has happened throughout the short history of Bitcoin, and be clear with ourselves why we consider Bitcoin to be something positive.


There is some truth in that, but you should know that even in 2016 the price of 1 BTC was around $400, and in 2015 even around $200 - and that at any time there is a certain level of demand and supply that keeps the price within certain limits. In 10 years, some people may be debating whether the price will stay above $200k or if it will go back to $150k - which means that only the numbers change, and the discussions essentially remain more or less the same.

Of course, this is true and indeed, faith affects the value of bitcoin. But the same thing happens in the stock market, art, antiques, real estate and the like. The topic of what makes the things around us valuable is very interesting and requires detailed discussion, but not here and not this time.


A little different. It's not that the future is better than the past.

Investments are based on inflation. That is, in the hope of outsmarting inflation and overtaking it in order to maintain the value of their financial assets. For in the future, money from the past is worth less and has less purchasing power. Any investment is aimed at defeating this.

In some countries, bitcoin is considered property. Legally. Just like real estate. Investing in real estate is also associated with risks and is associated with hopes for a future rise in price.

If only knew when to stop. :)

Find such a person and he will bring you all the riches of the world.

I don't know where you are from, but I dare you to come to my country, you will know that the younger generation in your country are the ones that decide to live a useless life. In my country, all the youths are hustling to become some great in life, for themselves and their families, look rich? Lol I have many friends and none of them are doing such stupid stuffs, some of them don't believe in Bitcoin and crypto but they don't joke around with their lives, they are damn serious about bringing a change to their lives.

For how long can someone pretend to be rich? If you are born in a getto no one will teach you to save the heck up and try growing from there, it seems there at many spoilt brats in your country then, someone brings food to their tables maybe, if they see the ugly side of poverty they will sit the hell right.

I am already trying to push my wallet way ahead my limits but without disturbing my family expenses. That to be noted and implemented because bitcoin wont matter much when you grow old and almost in the garden waiting for death sentence from the God. Better collect it in such manner that you get best of the both worlds. For example, slowly wallet balance is rising but sooner you find yourself in a situation where there is need of those bitcoins and they need to be sold. You cant help yourself but sell them in an emergency situation.

However, one thing to make sure that you can easily get back your bitcoins. May be in few months you may divert little extra money into bitcoin thus keeping your average buy or price, whatever you choose to take.



Excellent tool mate. This is what I am talking about when I said you have to average your investment. This is just right tool for any investor of bitcoin. In the long period one can use it wisely and make good wealth for themselves.

One should never underestimate the early days of your beginning. I am confident that those who held onto Bitcoin when its price was considerably lower did so out of dedication and now enjoyed the decision, they believed in the potential of Bitcoin and resisted the temptation to sell even a single coin from their wallets. Now, those who initially doubted are the ones struggling to acquire Bitcoin from those who entered the market later. There is a reward for the labor and commitment you invest, and when it comes to Bitcoin, it lies in holding onto it. Even if you have a small amount that you think is not too big, use it to buy Bitcoin and hold onto it. Over time, that small amount can grow into something substantial, the only key ingredient you need to cultivate is patience while holding the bitcoin.

Investment is based on the hope that the future is better than the past, and therefore keep your mind away from getting Richer quick and be content with low-risk investments and returns that are offered to you, or buy gold in the hope of preserving your money from inflation. When I start to invest in cryptocurrency I lost a lot but I didn't give up because poverty is a disease and giving up is a sin, remember what you come for and the reason why you are in the crypto world. Large purchases and sales will always have an impact on the market if they are public, and what some see as a problem, others see as an opportunity.

It is also important to cultivate our patience while acquiring bitcoin, after all how many people around the world can afford to buy a whole bitcoin with their savings? Very few, so anyone that has a plan to accumulate at least one bitcoin needs to take a long term approach to it and learn how to do DCA or to buy the dip, and while there will be instances in which bitcoin will move against us and diminish the value of our holdings, we must avoid thinking about this as something bad, and instead think of bitcoin being on a discount and buy what we can during those moments.

I think there is still an opportunity to acquire Bitcoin, even at this point in time. However, a challenge arises when even those who have a weaker belief in Bitcoin tend to panic when its price begins to decline. They hope to wait until it drops further so that they can buy at a lower price. However, the reality is quite different. There is no definitive bottom for Bitcoin's price at which you can confidently enter the market. Instead, you should consider any entry point as your own personal bottom. Additionally, it's necessary to exercise patience and wait for the right moment to take advantage of the price volatility and potentially make profits.

Confidence in a journey, usually will arrive at the destination.
The story of Bitcoin's journey from its first launch until now, in 2023, is sufficient to provide an answer that Bitcoin is a type of digital currency that definitely has value as an investment.

There is something that makes many investors dare to take risks in their investments. Something that underlies investors' courage is to dare to do research and the results of the research give them confidence that Bitcoin is an investment that can provide benefits.
Not something that is being hype, great investors will not gamble with investments but they have a definite target on Bitcoin because Bitcoin is not just for investment.

The first holders who still hold bitcoin initially just believed in the idea, this gave them a great advantage, but they did not have to invest a lot of money to buy bitcoin. Can what happened in the past repeat in the future, yes, but no one can guarantee this to us, so only those who believe in the essence of bitcoin, and not in its ability to make a profit, can get the result from bitcoin again. In the future, things may be different, and I assume that this will be the case, nothing is permanent.

Congratulations on achieving your dreams, Investing in Bitcoin can change your story from struggling to survive to living the life you dreamt of living. Bitcoin has made so many individual rich but they didn't get there overnight therefore if you want to be like them you have to stop looking at Bitcoin as a get rich quick investment. But buy Bitcoin and hold and that's how you'll change your story like they did.

Don't be afraid of bear market use those period to buy Bitcoin as they'll be value more in the future. Investing in Bitcoin can be done with any amount, don't wait until you have large sum or you'll miss buying at a good price to benefit more when the value rise.

The reason for such a difference is that each country's education system is not the same. In my country, young people are fully educated, they are always working hard, trying every day to become more useful in life. On the contrary, those who do not have adequate education become a burden on their families and society.


I don't agree with your statement, children born into poor families save better because they know their family background. Even if they wanted to spend lavishly, there would be nothing to spend. Sometimes you don't need your family to teach you, society will teach you those things.

Only few of them still have their holdings intact on their wallet and some of those people just forgot about their holdings because they didn't expect that something great will happen. And to lucky for them since if they claim or withdraw their hodl balance for sure it reach at millions of dollars. This one should needed to think about by new investor that if they could just trust bitcoin for sure the dame thing might happen to them since the potential of this coin never end as the global adoption still at early phase.

Getting into Bitcoin investment requires courage and the ability to manage patience and risks. Personally, I feel that investing in Bitcoin carries less risk compared to many other fields that present high risks for a potential profits. If someone is skeptical or hopeless about Bitcoin it may be better for them to stay away from it. However, there is a huge number of people who have faith in Bitcoin and believe it will reach a crazy values in the future as I think so.

In my case, I have been investing in Bitcoin for years and I have no doubt that I will end up losing. I have been consistently profitable over the years simply by holding my funds and not actively trading. I plan to continue holding a great portion of my funds for the coming years because I believe that the value of Bitcoin will continue to grow and may even exceed $100k at some point or even more...

Anyway, OP I'm sorry that you lost your father but just keep going for you dreams and never give up! :)

Maybe it's true that it was about a misunderstanding from us.
And this is where the difference is why people still miss everything about Bitcoin because they don't want to learn to correct their misconceptions or don't want to open up and accept Bitcoin.
We can no longer buy 3-digit Bitcoins because that time has passed but we can still start investing in Bitcoins now, even though the price is high now.
And we can also use DCA as people do so we can start collecting satoshi little by little and save them to sell at the next high price.

Bitcoin is an open market so the opportunity to acquire Bitcoin is always available, but the determining factor of whether we can acquire Bitcoin or not is our financial capability.  For people who have diamond hands, belief is out of the question, only those people who jump into Bitcoin investment because of hype and thought of getting rich quickly are the ones affected by it.


Well said, I also agree that the entry point of investment should be the initial bottom then average down with DCA if possible.  After all investment is about taking profit so taking opportunity to make a bigger profit through cost averaging is a smart move.

Indeed, there have been individuals who embarked on their Bitcoin journey during periods when the outlook for cryptocurrencies, including Bitcoin, appeared uncertain or less promising. Bitcoin's history is filled with ups and downs, and there have been several instances where people decided to invest or get involved in the cryptocurrency despite prevailing doubts or skepticism.

One notable example is the early days of Bitcoin, when it was relatively unknown and faced significant challenges in gaining mainstream acceptance. Bitcoin's creator, Satoshi Nakamoto, published the whitepaper outlining the cryptocurrency's concept and potential in 2008.

In late 2017, Bitcoin experienced an unprecedented surge in value, reaching an all-time high near $20,000. However, shortly afterward, the market entered a significant correction phase, with Bitcoin's price plummeting to around $3,000 by December 2018.

These examples highlight the resilience and determination of individuals who recognized the transformative potential of Bitcoin, even during challenging periods. It's worth noting that the cryptocurrency market remains highly volatile, and there are inherent risks associated with investing in cryptocurrencies.

Online gambling and bitcoin may not have established their clear value way back then, but look at them now, they’re both unpredictable yet their growth becomes inevitable too. And lucky those who have trusted with bitcoin earlier as they might have been successfully hodling significant amount right now. However, on the point that those who have fears with bitcoin should not invest in it, that’s also true, but if people stay fearful the whole time and chose not to face it, they might be missing golden opportunities on hand. Take time to overcome your fears by taking some risk. Because only by taking risks, you will achieve life’s big success.

I fully agree with you, it makes no sense to wait for the best possible time to buy bitcoins. If you have the desire to own crypto currencies you should at least make the first step today and not keep watching from the sidelines. Finding the perfect time to buy and to sell coins is like playing the lottery and can end up letting us focus too much on the details and forget about the big picture. In case we have capital that we don't need and is only held in a savings account than I would consider moving it into bitcoin. That doesn't mean we should be buying all the coins at once for our money. The best approach when it comes to buying cryptos is the DCA method, which means we are buying a fixed amount of our fiat money over a long period of time. That could be buying every week or month for a year our coins, depending on our free capital available. Like that we don't have the issue of worrying too much about the current price. The chances are much better to achieve a good average price over a longer period of time, than with one single price.

I like the general idea behind the lines of OP post. In btc we trust

I don't think he's trying to cajole people with his stories into the bitcoin forum,what I can grab is that he's trying to ensure that new entrants are bold and capable enough to embrace the good fortune that bitcoin has to offer to them;relating to their financial status or otherwise.He literally used the  right words by saying beginners should not give up on bitcoin.

But though I've heard some persons saying that as a new beginner,one should not rush or slide so early into the bitcoin market,trading bit coin or even investing in it.One can probably be in a terrible loss so early.

And before beginners start investing in bitcoin, they must have discovered what the benefits of bitcoin are for them. And just like you, they need to know how bitcoin can help them to own something that can help them have a better life. When you know about bitcoin and believe it can help you, you should stick with it without doubting bitcoin.

And don't believe what people say about bad things will happen to bitcoin because you know better than they do. Don't be afraid to take the first steps to invest in bitcoin because even a baby starts to step on his feet one by one, falls, and continues to learn to walk. And the baby didn't stop until he could finally walk and even be able to run.