Bitcoin Forum

As a newbie on this forum, for some days now I have been going through threads, reading and trying to understand and getting better knowledge on every single one of them
In a thread someone said "Bitcoin is not all about happiness" can a little more light be thrown on this?

We're relishing the liberty of expression within this forum, granting everyone the chance to share their perspectives on Bitcoin. Thus, those who comment can provide deeper explanations, shedding light on their viewpoints and potential frustrations. I posit that the comment may stem from Bitcoin's considerable price fluctuations, leading to unease. If your investment in Bitcoin results in a fifty percent reduction, contentment might elude you. This illustrates that Bitcoin's ability to bring joy is contingent upon substantial profits rather than constant assurance.

Think of Bitcoin like a roller coaster. Its value can go up and down really quickly. This can be exciting because you might make a lot of money, but it can also be a bit scary because you might lose a lot. So, it's a good idea to be ready for these ups and downs and only invest money you're okay with not having.

Also, something to keep in mind is that different places have different rules about Bitcoin. It's like how different schools might have different rules for uniforms. So, it's smart to know what the rules are in your area because they can affect how you use Bitcoin. Staying updated on these rules will help you make smart choices and use Bitcoin safely.

I will say the write up is partially correct, because from my understanding concerning bitcoin it's obvious that bitcoin is categorised into two types in terms of benefits, during investment of Bitcoin two things are involved, either your investment falling into advantage aspect of bitcoin which is [profit] or it falls into disadvantages of bitcoin which is [lost] so when the disadvantages occurs they won't be happiness and when advantages occurs they will be happiness,  so this two things are the fundamental things that will make us not to conclude that bitcoin is not all about happiness, I know that different people have a different sight and thinking faculty which many scholars will give their own point of view about the happiness of bitcoin and none happiness in bitcoin investment  

Maybe that person was referring to the patience one has to have when they have bought or are holding Bitcoins because the price is very volatile at times and may drop below the price it was bought.

Some traders have also lost money because of FOMO, being too greedy and having panicky hands (not being patient and selling off at very low prices). But if one follow the rules carefully, practice proper risk management and only invest with the money you can afford to lose. You will be less disappointed.

I've only found one user saying that - but only after @Agbamoni created the thread. Then @Agbamoni commented on your thread - do you both have the same topic idea or is there something else?


Bitcoin isn't just about happiness - that means it can also disappoint you. I mean - from a trading and investing perspective you will face risks where losses are the most feared. While you can also lose your bitcoin due to misuse or something else like hacking - so bitcoin not only bring you happiness but also lose money because of the risk.

You can find and have happiness with and without Bitcoin. About pain and sadness, disappointment, you can find and have it with Bitcoin or without it.

Two contradictory sentences which can help you to know that Bitcoin is not all on the Earth, it does not mean all for everyone and can not play all roles to serve all demands from human. Each person with different demand and taste for happiness will find their happiness with Bitcoin or with something else.

I'm curious about where did you read that phrase. Can you please share the link of the thread here?

Anyway, I guess the user who said that means "Bitcoin will always not give you happiness, but there are times where you feel the opposite of it" meaning not every time is profit time. There will be times where you will be losing money especially when you are trading. You can prevent losing money though by not selling your holdings even though you are on an impermanent loss, but bottom line is, Bitcoin might give you huge profits, but it can give you huge losses as well.

I might be wrong though, but that's what I think about that phrase. Is there anybody who thinks different on that phrase.

Different feelings can be generated when you are faced with two different positions, profit and loss. Bitcoin does not always offer profit (happiness) for investors but it can also bring sadness to those who are not able to survive in a situation that is not profitable. Expecting happiness in investing in Bitcoin takes process, time and patience. You need to understand how to bring happiness from Bitcoin by increasing knowledge in Bitcoin investment, you can get all of that on forum. We have learned a lot during our time on the forums to increase knowledge on how to build a better character in living the process of happiness from Bitcoin.

Well Bitcoin is not about happiness but Bitcoin is about freedom. The freedom I mean here is apart from a centralized system and using a decentralized system. We are also free to send anywhere without recognizing borders between countries as applied to the Central Bank system which has certain restrictions on sending money abroad. Well Bitcoin there is no such limitation. As long as we have a lot of bitcoin then we are free to transfer it however much. And we also become true holders and have full control over the bitcoins we have that we store in cold (non custodial) wallets.

This is actually true because some people are lucky which means they earn money either lots of money or decent amount of profit meanwhile some people have lose profit and even lose some of their capital. The reason for why it is happening is because Bitcoin's price is not stable means the price may increase or decrease compared to stable coins like usdt. Some people's opinion about Bitcoin is freedom while! He others are happiness and more.

Well i can see you came in bitcointalk.org  this year, @ July 28, 2023, 11:29:59 AM most welcome buddy. that aside you will definitely see lots of peoples idea regarding what bitcoin has done in the past and in the present, which at your own space as you get to dig deep in the forum and also do your own research else where you get to know if

I have not seen anything wrong if we said bitcoin is happiness,the happiness we find in bitcoin is freedom as you portray, because looking at Bitcoin investment you will understand that if you made a profit over investing in bitcoin its obvious that you will definitely be happy towards the profit, while I don't regret embracing bitcoin it's because is a decentralized currency and secondly its digital and virtual currency, it might have disadvantages during the investment but since during the investment their is no third party that intermediate in it, that is one of the major reasons I like bitcoin. In the aspect of learning I will say that this forum is now like class room or lecture room were everything concerning bitcoin can be adopted freely without payment, in outside forum someone can as well obtain the knowledge of bitcoin through use of internet.

True, in this money market world anytime people can control their money and that's a pretty good thing, which is another example of how crypto can change the world for the better.

another joy is that there is increased opportunity for ownership, financial inclusion and power with lower costs, greater confidentiality and better access to global markets even though it is difficult at the moment, due to market conditions that have not yet recovered. However, we can expect a lot in coming months.

As you gain more experience on these boards, you will learn how to filter the information, and what types of threads are worth reading and which aren't. Talking about Bitcoin and happiness isn't something I would pay too much attention to. Happiness is a subjective feeling you can experience with or without bitcoin. So discussing if your BTC bag makes you happy or not is, in my opinion, a waste of time. I would suggest you move on to topics that you can actually learn from. How bitcoin makes you feel doesn't belong to that category.

Yes, maybe Bitcoin is not about happiness for those who have failed in Bitcoin investment. Your own happiness creates it, depending on which way you feel happy. We have found joy and freedom while interacting with Bitcoin. When you can't find happiness from Bitcoin, it means you don't understand the real Bitcoin enough and have never made anything of value out of Bitcoin.

"Bitcoin is not all about happiness" can also be referred as "Money is not all about happiness" or "happiness is not all about money". That's what maybe the user meant of whom you are referring to and I can assure you that it's somewhat true. I have a friend who is very rich but doesn't have anyone to enjoy his life with. So he just spend money on drugs and stuff so he's basically not happy. I think something similar is what user meant to say

You should dive down and read that thread and see what does OP implied to say about that topic. There are threads out there that are making the titles colorful to get more attention.

In the end, it's all about their thoughts about Bitcoin and what they wanna share to everyone about mostly with what they've experienced talking to people about it and what they feel.

It has to boil down somewhere to connect what the title is all about by reading its thread's content.

Yes on investment perspective because there are times that market is so bloody red and majority has a chance to lose their funds especially if they are not prepared with this scenario. On happy times well the bullish market situation which provably all is on good position since majority of their holdings is doing some good performance.

So you need to be more careful taking decisions on your investment and always consider the risk so that you will not caught up on unrealistic picture and always on  right mind to do good decision.

If you had quoted the thread or post it would have been better to understand the context intended for making that statement, but let's give an approach from the general perspective from that statement, knowing that bitcoin is a volatile cryptocurrency, you can earn and make profit and same way you may loose, but there's more likely possibilities for winning than loosing because if you understand the way it works, you will secure your assets, invest at a right timing and also sell when needed, those that finds no happiness in it are those whose actions are the consequences of their mistakes, while bitcoin still remains being intended for our happiness in freedom, decentralization, privacy and many more financial opportunities it offers.

Bitcoin wasn't created to make all its users happy - it was created as an innovative solution to give people better options instead of just a centralized fiat system.

Maybe it's true what people say; happiness is not measured by how much you make money, but also how likely you are helped by innovation. Yes - that's what bitcoin from day one has been offering its users a different kind of innovation than fiat.

Accidental loss is the major challenge or harmful threat to your Bitcoin. 
The question now is " what is happiness ". Happiness here, simply means the profit you make. Now most people lost money not because they don't know how to trade but because they don't understand how the system work sometimes. With this I believe you are now convinced that Bitcoin is not all about happiness.

He may remind you that you need to learn about the risks. Don't only focus on the potential profits to earn from Bitcoin! If you can't deal with the risks, you probably end up with severe losses. There are many beginners who think that it is easy to earn money from Bitcoin. At the end of the day, they get nothing but losing all their money because they don't know how to deal with Bitcoin volatility and FUDs. Investing in Bitcoin requires a strong mentality (patience), you also need to be smart in understanding when to buy (entry) and when to sell (exit).

@_BlackStar has quoted where OP probably read the phrase.
https://bitcointalk.org/index.php?topic=5462427.msg62662457#msg62662457

 :)

This may be yes, may not. Well, it's a little difficult to explain, but the benchmark for someone's happiness may be different. Here, regarding Bitcoin, it will also differ depending on the point of view and also how each person deals with and controls himself in Bitcoin. It could be that Bitcoin is happiness for someone at a certain time or at any time. But it could be that Bitcoin is considered a disaster for other people because of one bad thing or another.

Because it is undeniable if we see how many people get stressed because they lose their money in Bitcoin investments or their asset values decrease or drop drastically under certain conditions. And finally this became a bad thing for them and resulted in their perspective on Bitcoin turning around and hating Bitcoin.

However, what needs to be emphasized here is:
This is not the fault of Bitcoin, but rather the user or owner. how one's attitude and decisions in dealing with all the risks of Bitcoin investment are influential. Because after all, the results of what we think and decide will really affect our condition both now and in the future. If we panic sell when our assets decline, that's fine, it means we ourselves are doing things that are not good at investing, because of our inability to manage risk management and our mentality.

but if we can face all risks and have good management in investing, indeed, this can be a source of our happiness.

You can see and read mixed emotions from different people because that is based on their own experience as well. Granting that not all had become successful investors, you can never say that all people who come and invest are happy, many were also disappointed. Yes, I believe that the majority of the members here are telling right but if that is from these social media influencers, I don't think so - most of them are just FUDs and baseless statements which you have to be careful about.

The person in the best position to give you an answer to this question is the person that made it because he has a reason why he said what he said. Asking us to interpret it for you could give it a wrong meaning but I believe what he's trying to say is that investing in Bitcoin isn't all about happiness as sometimes some sad experience will happen but when that does happen you don't have to panick instead you should keep on holding because the future is always bright with Bitcoin. When you invest in Bitcoin and constantly observed the market you'll notice a price reduction and when that happens you won't be feeling happiness.

Also during the bear market, bitcoin price will reduced with the general market and during this period you won't feel happiness because your investment will be losing value but this are all part of the market and when this are all gone, you'll make profit when you continue holding Bitcoin but if you give up to this negative experience you won't make profits for the future. There's no investment that's just positive all through, at some point you'll experienced some negative feedback but what makes you a successful and professional investors is the ability to hold through those bad times and come out victorious.

This simply means that you should expect anything to happen, just know that the price of bitcoin fluctuates, meaning that the price is not steady or stable it goes up and down, bitcoin is not a fast money making investment, it requires patience because you have to hold and be patient for the market to balance but the problem is, the market is unpredictable, there is every propensity that the fund you invest might lose value or increase as long as you can wait but it all depends on you, there are mainly two bitcoin cycles which is the profit and loss cycle, yes bitcoin can be seen as happiness because of it's decentralized nature that offers individuals freedom that grant them access to their investment whenever they need it.

I think the sentence "Bitcoin is not about happiness" is a sentence of expression, point of view, thought or perception of someone about Bitcoin. That sentence has various meanings if we perceive it according to each of us, maybe if you are curious you should ask the person who gave the argument directly.
Because if you ask a perception or thought from another person to every member in the forum, maybe you will also find it difficult to determine the meaning of the sentence you are asking.
There's nothing to worry about that sentence friends, in essence the sentence was said because indeed Bitcoin is not always about beauty or happiness Bitcoin also has risks in it.

Firstly, it is not everything they say about is always true so you'll have to do your own research so you won't have a false understanding or hope about Bitcoin.
Second, it will be difficult to understand what the user that makes the statement truly means if you don't provide the link to the post so we can read to understand what the user means by  "Bitcoin is not all about happiness". However, I believe the user was talking about Bitcoin not being all about profit-making due to the market-bearing season.

Do our own research is good but we must know that we could do our homework well or bad so we should not believe that we always do our research well. Therefore, we must be neutral with our research and don't let our biased thinking affects our decisions. It will be terrible if after doing research, we make bad decisions because of our biased thinking.

The expression is exaggerate the power of Bitcoin which does not mean like a God stick and can change life of all people from nightmare, bad to happiness and heaven. It is a very biased belief which is not true and won't become true.

Whether Bitcoin can buy you happiness ultimately comes down to your financial situation, values, and belief in the technology. If you go in with open eyes, understand the risks, and only invest money you can afford to lose, Bitcoin could prove very rewarding - both financially and psychologically. But when in doubt, trust your gut and don't let FOMO lead you into trouble. There are many paths to happiness, with or without Bitcoin!

everyone will have their own way of defining Bitcoin based on their knowledge and experience. those who lose their Bitcoin investment without knowing how the Bitcoin market is moving will of course not be happy with Bitcoin. everyone who puts their money in Bitcoin, of course, must understand the risk of losing their money. it's not just believing that they will benefit from Bitcoin that makes them happy.
everyone will probably have a different view of Bitcoin based on their experience.

My simplest tip for you is to save and study every sentence you hear, read and do research to find out the truth.
During my journey in the crypto space, I have found joy in the convenience I have found with bitcoin. And with bitcoin, I found a space of freedom that can define the best financial system without a lot of worries.

People who say Bitcoin is not about happiness, of course he has other thoughts in interpreting this sentence. And I also find freedom here as long as I don't violate the rules that have been set.
Here I found a knowledge space filled with an atmosphere of familiarity and mutual encouragement to achieve a goal.
You will later get answers to the meaning of a bitcoin for you as long as you are willing to spend a little time here from the routine that you live every day.

Bitcoin can be scary for those who are not prepared for it and get to experience fall of the market as shock . For those who already understand bitcoin very well if the market price drops it won't make them feel unhappy and and worried because drop of price of the market is something that is always expected because Bitcoin is volatile.  When one is just expecting to make profit from bitcoin and never consider that drop of price is something that can seriously occur at anytime will always see bitcoin very scary. If one is already to prepared for the bear market that can take place at anytime, their won't be any disappointment in bitcoin.

I don't know where you read that, because I rarely found that phrase in posts on this forum. But in my opinion that somewhat true, just like all investment Bitcoin is not a zero-sum game, one person get profit from other people loss. I know people who get rich and build their business from the money they get by mine and/or invest in Bitcoin, on the other hand I also know people who lost almost 90% of their saving.

The question you need to ask yourself here is that does money give happiness? If money does not give happiness do tell me how you think Bitcoin is going to give happiness. Bitcoin can be seen from the perspective of being an investment so you need to understand that there is no investments that have happiness.

You can have different investors with luxury of cars and still not have that number one joy or happiness in you. Bitcoin is a digital currency that you can buy and hold as long as you like to earn more from holding it. If the market is fortunate to increase after you bought Bitcoin, then you are a lucky person and will earn some reasonable profits.

welcome to the forum and am sure you are truly going to learn on the forum here, just make sure you take your time to read, and ask necessary questions which you think you need to ask, and also make sure you go through the forum rules and regulations so that you wont end up going against it.
Also it will have been better you attach the link to the post here, so that everyone will be able to read what the person is trying to communicate, but without the link, nobody knows what the post is really about, you just mentioned the topic but we don't know the post is really talking about, so try and attach a link to the post.

Welcome to forum newbie, since you came to bitcoin forum and got good idea about bitcoin. You as a newbie keep reading more threads and you will learn and benefit from it. But it is true that Bitcoin is not all about happiness because money alone cannot bring happiness when it comes to managing daily life. Likewise, if you invest in Bitcoin, you may not be happy with it. Bitcoin will basically fulfill your financial needs but if you have any fundamental problem then Bitcoin will not give you happiness.

OP, you're doing the right thing by being very careful about exploring the forum. Everything needs to be weighed, and only after that can you draw the right conclusions for yourself. The fact that you see expressions about Bitcoin saying that it does not always bring happiness is quite reasonable. I have read your earlier posts. You correctly start from the fact that bitcoin is volatile, and if you invest today at the same price, with volatility and a falling market, the price will go down accordingly. Based on this, people write that we cannot always be profitable. In addition, bitcoin requires great care when handling wallets and transactions, and knowledge of Internet security is essential.

But there are a lot of posts on the forum, most often from newcomers who idolize Bitcoin, personifying it as the salvation of mankind and getting rid of poverty. I think that these people are very stupid if they hope that Bitcoin is in every way a savior for them.

I urge you to approach the study of Bitcoin and forum posts with a sober eye, without being fascinated by anything, and cultivate the independence to draw the right conclusions.

I'm more concerned about your topic question. You asked if all they say about Bitcoin is true and the answer is NO.
It depends on what you're hearing. Many things have been said and are being said about Bitcoin. So it can't all be true. Some might exaggerate it into something that has come to save the world economy from ruin and eradicate poverty.
Some see Bitcoin as a get-rich-quick scheme. There are even those that see Bitcoin as a bubble or a scam.
A lot of things are being said about Bitcoin, so again, it can't all be true.

Despite whatever people tell you about Bitcoin, even if it's from people you trust, try to research and learn to see if the person is right or wrong.

Bitcoin is a decentralized digital currency. And we all know how the price of a currency goes up and down. Bitcoin can also be an investment for you. And since Bitcoin is a currency and an investment that goes up and down there's every possibility that you'll make a profit and something also make a loss.
Every investment carries risk. So when they say "Bitcoin is not all about Happiness" it means you can make a loss sometimes.
When holding Bitcoin, and the price begins to dip, you'll will definitely not be happy, but if you can hold on, you might just be happy in the end.

You mentioned you're new here, and in just 10 minutes of joining this forum, you've already gone to request merits which you know is against the rules. Now, you're criticizing me for a reply others found interesting. Is this how you act to gain favor?

People see Bitcoin as always as a profitable source of income but they don't know once they enter the market they need to get a ride with the market price movement, which is the volatility. People see the bitcoin in the up or the ATH feels so satisfaction to them because their investment goes up and continuously because its a bull run, but tried to check them now if they keep celebrating in the bear market they keep silent, and wait again for the ATH to get profit. If you make exploring related to the topic you've created you will see their different stories how they lose their money, house, investment and etc. because of the market crash.

When you are standing in a short-term trading position or just starting to trade Bitcoin with all the limited knowledge, the quote "Bitcoin is not all about happiness" may have a point. You need to know Bitcoin as far as you can to get happiness from Bitcoin, I mean, while on the forum, you need to study and read some threads that tell the advantages that can be obtained from Bitcoin.

Beautiful stories from investors who have made big profits from Bitcoin investments need to be used as motivation for you to get happiness from Bitcoin. Never feel doubtful or worried about the sad stories that some bitcoin traders have experienced who lost their money, they did it without going through an adequate education process as a result of joining in or being trapped in Fomo. Increase your determination to get happiness from Bitcoin by learning the important things that have been shared in this forum.

You know what suit yourself! I am not trying to gain favour I spotted a cheatway you used in 'gaining favor ' in your own words and I simply blew your cover because it's not fair that way anyway I see already you don't understand I've deleted the message....you can go ahead cheat all you can . About me asking for merit I also deleted it because I'm hear to learn and use the right means to grow my merit and attain higher ranks. You can go and check again it's deleted. Yo!

Yeah, what the person said is quite through. Let me use this analogy for easy understanding:

 It's like this; the happiness we experience from investing in bitcoin is in phases and that space between these phases are the periods of not what I would call sadness but the absence of happiness which can't be depict as sadness. Just as we have the rainy days and the sunny days, that's how bitcoin investment can be likened to, and these rainy days are long periods of bearish market which for certain we're sure that no matter how long the rains keep falling there will definitely come the sunny days which is the bullish run (halving).

That assurance we have about a soon to come rising sun despite how heavy it's raining is what makes bitcoin much trusted than any alt you can think of.

[quotes]
Bitcoin is actually a very powerful investment that anyone can engage in to make profit and also take it as a career. So I would say yes . Theisayings concerning bitcoin might be true But you have to remember that every successful investment comes with a price. Those saying this knew what they did before uttering the statement about Bitcoin bringing happiness

Being a successful investor requires hardwork, commitment and focus . Over the years people have resorted to go into Bitcoin and other crypto services. Most people I knew actually gained from it because they paid the price. You'll need to get sufficient knowledge and experience about it first before going into it.
[/quote]

Well, it’s a matter of context as to what is being referred, it’s way too ambiguous.
For some reason, many seem to view bitcoin for what good it could do, has done and continues to do in the lives of people. Still, there are those that have had there life’s thwarted by the innovation, those who have came by certain loses by believing too much or having yo think that cryptocurrency would solve all there life’s problems, especially when it has to do with finance.
You have to fine means and that would be means to shift your idea from viewing it for a get rich scheme and realize that it’s just a currency with other benefits so, you don’t get disappointed in the events that your ideas don’t get to play out.

In my opinion, when someone benefits from investing in BTC, they will definitely feel happiness, but investing in BTC can also potentially get sad if we experience failure in investing in BTC, for example we sell at a low price while buying at a high price. but in investing in btc, of course we have to have extensive knowledge so that we don't get sad because usually people fail due to lack of knowledge.

Maybe the opinion above can be said to be true and can also be said to be reasonable. Because you need to know, investing or trading in bitcoin, not all investors can make a profit and it always runs smoothly. But there are always those who lose. So the thread that says that bitcoin is not about happiness, maybe it was created and specifically for investors who experience a loss or difficulty when investing or trading in bitcoin. Then besides all that, the perspective that says that bitcoin is not about happiness, can also be interpreted as a struggle that is not easy to make a profit when investing and trading in bitcoin. Because even though all bitcoin investors believe that the price of bitcoin will continue to experience growth and increase, still behind it all, analysis and a sense of anxiety will definitely still exist. So the point is investing or trading in bitcoin, it's not just about happiness, but of course there is something called struggle and sacrifice.

Because if you think about it deeply, investing in bitcoin is not a place for fun, but a place to fight so you can make profits and stay away from losses. So you don't need to be weird, if in this btt forum there are many perspectives that you might not have thought of before. Because in this forum there are many people who have different opinions and perspectives about bitcoin or about other fields.

Actually what they said about bitcoin is true. Someone can turn into a millionaire, billionaire etc depending on what is about to happen in a given time... And then someone can also loss millions, billions etc within a twinkling of eye. I pray we never be a victim of loss but in order to succeed in life you must take risk.

If you look at the charts of the last few years, you will be very interested in Bitcoin. You will want to buy and hold Bitcoin. Bitcoin has risen more than expected in the past few years. Also, if you calculate last year, you can see where it fell. What do you do in this situation? But trust it as the biggest coin in the Bitcoin market.
Adapt to the situation and move forward accordingly, keep hope.

Understanding bitcoin should  be the number one step to take, if you understand how the whole process works, before investing in bitcoin, to avoid losing money since the knowledge is already  there, Being sad cannot be avoided if the price is not in your favor emotional maturity is very important. Think about people who purchased bitcoin around $60,000 what do you think is going through their minds? Even with the potential for profit, you should also calculate your losses. It is not advisable to buy high and sell low since doing so will undoubtedly wipe out all of your capital and intended profit. And bitcoin is one sweet venture but also have its own risk, so we should take caution while investing.

If you OP has invested towards the end of bullrun, he will have understand what the person is trying to say. Some like me joined crypto during this period. I invested in some coin and token, little gain was made in short time. Due to my little knowledge and experience, I believe that is how it will continue to go but it wasn't. Just of sudden price keep going down till all my investment reach losses. It was then I knew we have entered the bear season. Risk management is one of the key to success for any investment to succeed.


Every business has its own risk. No business come without a risk. In any business you do you have learn about the business and also learn how to manage the risks involved in such business.

Thanks for your kind words, I promise to yield your advice in studying well enough about this forum and Bitcoin as well

Someone can get or lose a millions if they use a big capital. It is impossible if you only use small money for investment. So, if you don't want to lose a big money, just invest in small money. However, there is no chance to get big profits. It means, someone can get big profits if they want to take risks in crypto investment. If someone are too afraid about the losses, he/she probably invest in small money. It is up to you, that you want to take a risk or not.

However, if you are a newbie, you mustn't think about being a millionaire. If a newbie is too obsessed of being millionaire, he probably will use a big capital. Unfortunately, the newbie forgets to have a sufficient knowledge and experience first. This sometimes that leads the newbies to lose big money, it is because the newbie too hurry investing with big capital.

Bitcoin can make you not happy if only you invested in Bitcoin out of fear of missing out (fomo). For instance, last year during the bull run your friend made a great profit from Bitcoin which he bought at a low price during the bear market and sold at a high price in the bull market. With the fear of missing out, you went ahead to buy Bitcoin at an all-time high which is $69k last year, that person will not see happiness in Bitcoin until Bitcoin sees another all-time high and put a smile on that person's face with a profit

Let's just say this statement can mean anything,  for example not all about happiness in the sense that today bitcoin can be in the red at times which can make alot of crypto investors very nervous and sad which is the ugly side of this industry and price will not always be in the happy side(green) and we need to be ready for this as markets are in a dynamic state which doesn't guarantee the happiness as it won't always be bullish as too many factors at play influencing it!!!

Agreed, everything happens so fast such that you can't see it coming which is why the piece of writing was emphasizing that Bitcoin's aren't always about happiness as you can lose it all because of a market crash or maybe even a hack...

That is a very nice example and a way to be sad at bitcoin. Fear of missing out is a great tool that leads investors to loss. It doesn’t just happen, at first during the bear market they will experience FUD. It is that very fear and doubt that will make them not to take actions during the bear period. But when the bull is already arrived, the FUD turns to FOMO which will make them join the market through the wrong entrance. It is not everyone that will have the patience to wait till bitcoin sees another ATH. Bitcoin is like stock, whatever has the tendency to go up can still fall down. Let no one decieve you that bitcoin cannot go below certain level.

I commend you on that. Most newbies this day don't bother to read through the forum before making their own posts. It's either they just dive straight into asking questions whose answers are staring at them or they volunteer to teach the community what it already know 😆.

The best person who could've answered that question would've been the user who made that comment. However, living in that user's mindset, I want to believe they made that comment to show that it's not all roses with Bitcoin. That it has its down moment too like every other business. I agree with that. I see a lot of people getting carried away with Bitcoin and begin to think that their investment in Bitcoin should become an instant hit. They forget there are people who've suffered great losses investing in Bitcoin too.

Being fearful (FOMO) or panic (sell) will cause you a lot of troubles including losses for your investment or trading. Because with such emotions and unstable psychology then related decisions, you will not have thoroughly made decisions and with emotional reactions, you will never have enough patience to wait for good entries and good exits. Hence, unavoidably losses will knock your doors.

Price can go any way it wants or whales, market manipulators want. You can not stop, decide it or predict it with whatever tools, indicators and skills. Don't time the market as you will lose many capital or chances by timing the market.

I think you can liken this to the phrase "money is not all about happiness."

To explain this, even if almost everything revolves around money, the satisfaction and happiness you gain from it somehow fades away. Sure, it can definitely make your life comfortable but if you are surrounded by people who just take advantage of what you have; and not because of their genuine feelings about you, you would feel this empty feeling of being surrounded by fake people. This is the reason on why some rich people, despite having everything, fall into depression.

By applying this with BTC, it is very similar given that the latter has a significant value that can be converted to cash. Sure, lots of BTCs can make your life comfortable but true happiness comes being able to receive satisfaction that is beyond money.

If you take the idea of ​​past years then you can understand something about Bitcoin. Where Bitcoin was at the beginning, and how it went up and down. I think you can put your money in Bitcoin. It can make you profit. It can be looted again. So keep up with the times without being a cause of worry.

Yeah that is what I am thinking too.  The phrase is  focus on happiness, the factors that keeps or affects happiness, and Bitcoin is just a small factor out of those many factors.  Actually the phrase does not focus @ Bitcoin at all but on happiness. 

Tha phrase simply states that Bitcoin is not enough to fully support one's happiness due to the several factors that affects a person's emotion such as social relationship, temperement, adaption, money(BTC), society and cultures[1].

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[1] https://bakadesuyo.com/2011/06/what-five-factors-contribute-to-happiness

Only the ones that have paper hands lose money in Bitcoin because if you have patience and don't panic after hearing every single news that might even be a rumor, you won't be losing anything. Those who panic sell are the ones who lose money after investing in Bitcoin because they buy it at $40k and then the price might crash a little bit and they start panicking after seeing their portfolio and its value getting down and then they sell in the fear of losing more.

The ones that have diamond hands and that never sell until the price crashes and gets back to the point where they've been wanting to sell their assets are always guaranteed to get profits out of their investments. This market requires patience and self-control, if you lack any of the two, this isn't for you.

Well just imagine if bitcoin brings all the happiness that we want, then there will be no fiat user left as everyone will rush into bitcoin. At least there should be balance though. Bitcoin may somehow brings the best of joy, but at some point it could also give us the worst loss we could never imagined having. However, if you are just here to create shortcuts for profits, then believe me, there’s no shortcuts to success even in the most volatile investment like bitcoin. Everything should be done with patience and hardwork.

With this thread, no answer is right or wrong. Everyone is entitled of its own point of view knowing we have different life’s experiences with bitcoin. For me, there are times that bitcoin brings out the best in me, while on the other hand, it also triggers me everytime I end up with huge losses. But one thing is certain, bitcoin is not just all about happiness and joy. Because of it’s high volatility, it adds more chances to make us lose more than to stay all the time being profitable.

This sentence aims to make all of us, especially newbies, alert and wise in various matters related to Bitcoin and cryptocurrencies. Because after all, it is undeniable that most newbies will definitely think that investing or trading in Bitcoin will always bring success and also get a lot of money quickly. This happens very often, because they see the success of other people who have traded or invested in crypto before.

now from their initial understanding, we must emphasize to newbies, if the journey of investing or trading in Bitcoin or crypto in general will not be as easy as imagined. And this is very risky, even if you make the wrong decision, you will not get profits, but losses and even loss of our assets. So it's true that Bitcoin doesn't always give good memories especially if we just carelessly invest and trade, without having a pretty good understanding and knowledge regarding this matter.

That’s the reality with bitcoin. No matter how profitable it is on the eyes of majority, we can never deny that it can also be a source of our worst disappointment and failure in life. By investing all in, if you’ll end up in profits, then probably you will end up feeling your worst loss ever. That’s the reason why we should take calculated risk in bitcoin, and never invest more than our means. It could be our source of joy, but with one blink of an eye, it could be our worst nightmare.

Yeah the statement to a certain degree is correct, bitcoin is really not all about happiness in the sense that there are times the price of bitcoin may put smiles on your face by virtue of the profit you might have made from it's bull run just as it were for many bitcoiners during the last ATH every bitxoin holder developed a happy outlook but later on after sometimes a bearish run plunge in making the price to nose dive from $65k down to $16k this price action quelled the happiness of the moment as it were. So I guess that's how I understand the above statement. Bitcoin is totally not always about happiness!

and Ignorance is not happiness and a lot of us also hear the little ripples say and describe BTC as a scam/Ponzi scheme. But, while one already knows its origins and refers to the ease with which BTC can be sold whenever the holder wants and refers to a store of value and remembers, inflation is always and can happen anywhere at any time. Well, this is going to be a fun journey to always be on and one that OP should know that Bitcoin solves one of the world's longest standing problems namely Trust.

There are two possibilities. It may not be affected, it is also possible that he will try to learn to know what he does not already know. Those who don't care will certainly not feel sad, he will focus on what he knows. In addition, everyone has limits with what he wants to learn based on interests. Regarding Ponzi, indeed some people say it this way. The truth that new people want to get may be hard to come by right now. There are many media that currently have no definite validation.

So if there are new people I always recommend coming to this Forum, here there is definite validation. So there is a comparison to clarify each piece of evidence with a valid source.

The question is not all about bitcoin as a ponzi but rather maybe all about not always we can get a profit(happy) and have chance to lose(sad) due to many circumstances involve with this.

And in my opinion its true since we cannot always be so sure that we can earn since there are unwanted scenarios will came that will cost us a lot of money especially if we are not aware on different type of risk we are facing.

Just as he has said, the link to the post is highly important for a better contribution. Nevertheless, nothing in life brings 100% happiness. So Bitcoin or crypto in general may have is own moment when it may bring sadness to you.

Anyone could infer anything they feel like; that's much more like what they think in Thier heads.. now I shouldn't be responsible for explaining such a gawky statement...or maybe you should have quoted directly from the context for proper comprehension.
I guess this is it - what the OP meant at the time was that in HODLing, Bitcoin's got UPs and DOWNS too - sometimes, the analyses are made properly but, maybe not too accurate to fit the market's decisions at the time too.. with that, it incures loses - especially when the person involved doesn't even believe the process on the TREND.. so they hurry to sell at a low price ..

Sandra 🧑‍🦰

At times it could be the source of our endless profits, but definitely it has also its negative side that we are all scared to happen. The volatility of the market makes it more susceptible to speed up its price increase and at the same time, it’s also bound to reach its lowest point with how the market moves in a very bad shape most particularly when the market is in deep bearish. However, know that the bearish market creates the best opportunities in bitcoin, it could be the best entry in our bitcoin investment that most of us here are seeing it the other way around.

From my own personal perspective,  I consider every Bitcoin investors that see the downtrend market as the other way round as rookie when market correction is something that always happen before the halving effect market and as you said it's always the best opportunities to buy Bitcoin before next year main event market.

Please can you prove the thread link that says "Bitcoin is not for Happiness" so we can see the full thread to understand what the content is all about. If someone buy bitcoin when the bitcoin was $16k and the person kept the bitcoin for about 4 years and bitcoin climbed up to $60+k, now is that a happiness or sadness? That is happiness and the only part can make person to be sad is the unstable part of it. And if you understand that part and follow it up then you are always happy with bitcoin.

No investment is interested but the profit is the thing that make it interesting. And for it to be interesting you have to face the challenges and the risk involved.

Bitcoin market is volatile which can go up and down.  We can only guess about the Bitcoin price but there is no way to say exactly what will happen in the future.  When people earn more money from Bitcoin it seems more exciting for them.  But again when the price goes down after someone invests then it acts as a panic for him. Basically the volatility in everyone works for the ups and downs in Bitcoin price.  Before investing in Bitcoin, you should keep in mind the possibility of losing money, because it is natural to be sad if the price of Bitcoin is not favorable. Money is not the source of all happiness as Bitcoin is a money it is not the source of all happiness but seek the pleasure of profit in business purpose.

To the best of my knowledge, I believe what that person is trying to say is related to the bear market because that is the only thing that one can tell about Bitcoin being in the bear season is not a happy moment though but it is one of the things involved in Bitcoin and this season is when one would be at advantage to accumulate more Bitcoin in their possession as the market price is to the bearest minimum.

This stage is not a happy moment because you will need some patience. For instance a good sword undergoes series of phases before it would be moulded into it's final stage of usage. All it takes is patience to scale through successfully. This is how it is in Bitcoin. However, Bitcoin is volatile and no one can predict the next move.  When it comes to trading, it is advisable to hold for a long term so you could be able to make profit from your holding.