Bitcoin Forum

I have been reading many posts that show signs to be that people are giving up on Bitcoin's technical development to become an actual currency, and also shows signs to be ready to sell after the next surge to ATH.

I believe it's too soon. Bitcoin's benefit for improvement outweighs the cost in my opinion.

HODL!

Who are these people? Maybe they never believed in the technical developments or never really understood how bitcoin works in the first place? There are many pretenders in the space so they could be one of them. They only bought btc for the sake of trading them at a profit.

there are always a certain percentage of people in bitcoin world who just care about making more money using bitcoin which is why they think about selling all their coins on a small rise specially since this group have no understanding of what bitcoin is. in fact many of them have never even used bitcoin because they don't own a bitcoin wallet, they keep their coins on exchanges!
they don't represent the whole community even if they are the most vocal.

we see them mostly whenever there is a rise and also mainly when price gets closer to its previous ATH record. for example you could easily see loads of them back in 2017 when price reached its previous ATH (basically anything between $1000 and $1400) how they panic sold. it is mostly a mentality thing that they place these types of price levels in their heads thinking price can't go above it at all. $1200, $200, $24, $2, $1 have been some of those mental barriers!

bitcoin will continue being fine, keep growing and improve regardless of these people.

When the statement on giveup are more popular, it's the end of downtrend or of accumulation phase. Do you think it is not correct?

Miner capitulation is another thing (with the weak down in March) and after the capitulation, total hashrates on the network set up its new all time high. Is it a signal of giveup or degradation? No man, never.

Have you ever thought maybe their country limits them? Sure there are the cash grabs, there are other factors too. There was a post here where OP quit because exchanges closed in their country. There are others who got scammed big time and they were so distraught that they never got to trust bitcoin again. Do not get a tunnel vision, widen your perspective. I do not think that using bitcoin as a means of becoming financially stable is a bad thing, the development of Bitcoin is already happening, you might as well get the benefits of believing that it will revolutionize society.

Post: https://bitcointalk.org/index.php?topic=5280183.0

Not all are interested on the technical side of Bitcoin. More people are interested rather on it as an investment rather than it being a currency. Lets face it, the technical aspect of Bitcoin is not for those average people who are very hard to understand things.

As an investor, it is their strategy to sell their holdings so that they can get a profit. People come and go and same with this. People will buy and enter then they will sell and exit. :D
As for me, still holding a portion of Bitcoin while spending a portion of them in different things :).

Don't be too surprised.

In 2017 when bitcoin was going up, a lot of people were overly bullish over it regardless if they know what bitcoin is for in the first place or not. And when bitcoin was in a downtrend, a lot of them called it a scam, or a failed project. Why? The human emotion is a wonderful wonderful thing. It's pretty much similar to the stock market too! When a company's stock is growing in price, it's easy for people to assume that it's going to be successful. But when it's falling? "Meh, that company sucks anyway".

In my country Bangladesh, Crypto currency is ban.so here so  many people want to invest on it.but they can't.so many educated people's are here they can easily learn about crypto currency.but because of government ban they couldn't do anything.

It's nothing new really, people expected the price to continue going up when we recovered from the $4k price back in March, and seeing as we went past $12k, that belief all the more raged on and a lot of people got FOMO'd into joining in, but then after that the market just stabilized at $10-$11k, which a lot were probably disappointed at since they were expecting to make a quick buck, maybe expecting a price of $20k or so at this point in time. Most of them are just people who panic sells, can't really hodl, and any type of "dump" they see equates to Bitcoin is over, Bitcoin is gone, it won't get another ATH kind of issue/idea.

No sense in encouraging them to hodl tbh, the moment they entered the scene only for a quick buck, they were already unable to know the essence of what hodling in BTC is. Besides, that's just how human emotions are, especially for those new in the scene. When your expectations are dashed, your hope basically puffs out really quickly.

An old investors of Bitcoin who already saw the other all time highs and the price falls will never give up easily like that. We already saw the bitcoin at less than 500 usd and all people said it will never reach the higher price and the real price should be less than 100 usd. But it's on more than 10K right now. These giving ups you are talking about usually happens to some new investors who are not families enough with this market.

I assume this is the same people who doesn't think Bitcoin as a currency, instead they think Bitcoin is a tool or an asset that could make them rich quicker than being a hard worker in their respective day jobs.
Well, they are part of the adoption, but with different perspective. Sad to say, there might be not half of Bitcoin users who truly supports Bitcoin in general.
Bitcoin is already a currency, people just don't use it as it is, most of us have considered it as a store of value.

Bitcoin investors has different strategy for their investments, you may see that it's best thing to hodl those bitcoins, but for some, it's much better to sell it on the new ATH.
They might even sell their bitcoins even no new ATH hasa reached.
For me, this kind of selling is a safety precautions for the investment.
Already got profited a convincingly good amount, no need to risk it even more.
Above all we can repurchase bitcoin again if it's price declined.

What do you mean by saying "technical development"? The network has been worked on i think)
Most of my friends keep hodling btc or trading on it.

It's the least that they can think of and we can't change their minds until they finally have change theirs based on what they can see to bitcoin's development. But even they are like that, there are new breeds coming in and will stay until they can.

As for me, I'll stay while I can and I've seen the potential and keep on believing in bitcoin. From the day that I've got interested on it until today, there's no doubt and I'm happy that I've made the right decision.

There is a lot of reasons why some of them are struggling and giving up their bitcoin.

This is knowledge and awareness.

If you know what is the potential of your coin there is a chance you can double up your money if you think this is good to buy take and grab the chance if you think you already lose a lot of profit it's your choice to hodl or sells.

Hodl it takes time before you get your income.
Sell you immediately got your money but not your expected profit.

Awareness if you want to avoid losing your money you just need to keep aware of everything
News
Articles
Videos
Trend
All of the information you need to prevent the possible risk.

Majority of bitcoin user's really sees bitcoin as a store of value and right now it is the best usage of it but yes you can use it to buy something if its available but its very limited to see it as a currency where we use it to everything we buy but nonetheless bitcoin is still bitcoin, its has lots of things to offer to us that will be seen once we utilize its potential and capability, I believe that bitcoin will improve many fold in the future so be positive and have trust in bitcoin

The longer you're in this, and you do it right and stay put, the more your net worth in Bitcoin grows. After a while the prospect of another 3-4 years of nothing after another peak starts to become a lot less appetising.

I think Bitcoin is of course amazing. I am also fucking sick of being lassoed to a either a bucking bronco or a comatose turd. I will be giving up 50% of it when the right moment arrives.

There's an amazing future ahead. I've waited long enough to do something to address my own. Anyone walking away completely will either regret it or extracted so much it won't really matter.

i totally agree with you on this very topic
Because people who easily give up on bitcoin are those who don’t think of bitcoin as a currency but rather as a means to automatically get rich without hard work and consistency
So it will be best to lecture or teach those individuals who easily grow apathy towards bitcoin that bitcoin is also also a form of currency which is one of the widely used cryptocurrencies 

People in the crypto world know what Bitcoin is all about?
It is a thing that is very easy to use and can be transferred.
This saves us a lot of time and allows us to transfer.But I think everyone should save bitcoin for the future. Besides, I think our future is slowly moving towards a crypto world.
So we should all have confidence in Bitcoin.

I have a friend who's been hodling for years, but now he's tired of waiting for something to happen and plans to start selling his BTC slowly to assist with living costs. I kinda understand him because it's been three years since the ATH and the price is still 50% down. But I also want to point out that it's not necessarily people giving up on Bitcoin. Rather, maybe they'll stop seeing it as a store of value, but will be willing to use it more actively as money. For now, it's very difficult to use Bitcoin as money, of course, but perhaps drifting away from hodling in the direction of using would build up a demand that would be met by merchants accepting BTC more often.

it is because "a lot" is subjective. we may see 10 topics a day calling bitcoin "failed" per day but that doesn't represent anything. the reason why bitcoin still continues to rise is because all those who think this silly are only a small percentage of the entire bitcoin community. and more importantly they don't last that long, sooner or later they hand over their portion of this scarce currency to the rest of us and go away.

Bitcoin and cryptos are about patience... People say that we have to hold 5 years to see our money having a turbo bump, but not anyone has the patience to hold that long. Some of them think that they will become rich in a couple of months just by buying bitcoin and that's possible but they need a lot of luck with it. That's why we need to promote the Holding culture!

Give up bitcoin's technical development? I still see bitcoin's source code is updated regularly.
We need to see that bitcoin is hard to innovate, but I believe it will soon adopt something to be the top currency as people expect it to be paid daily.
I only noticed that bitcoin investors were impatient when bitcoin dropped and they quickly left. As always, there are sellers, there will be buyers.
Bitcoin is at a pretty good price point and is stable for many days. I don't think bitcoin will depreciate in the future.

Since many people experienced it as a investment when the price surge before and only few ways to use it were applicable that makes it less popular as a currency. Up to now there are only few stores that accepts crypto or bitcoin unlike the normal fiat that are used as currency by many countries, cry2and bitcoin needs more time for adoption, some people or country only just noticed crypto just now due to Pandemic so there's no way that many will just give up their holdings and it's developments.

Im sure that a lot of people or investors in bitcoin still believed that the time will come when the bitcoin market price is going to reach and surpass its ATH.

The numbers of bitcoin holders continue to increase over the past years if you're going to check the statistics, so I don't think people are losing hope in bitcoin as there are still a lot of investors that until today is holding their bitcoin believing that bitcoin is going to surpass its ATH soon. The hype in bitcoin is gonna go up and down depending on the market value of it so its already expected, every news about it could affect the value a lot.

In a lot of cases, we cannot really blame all of the people who sell their bitcoin investment earlier since the world is experiencing a pandemic and a lot of people do not have a job, people need money so that they could buy food for their family. If your aiming for a high profit it would need long-term investment and most of the time its not worth it to hold on to your bitcoin if you're really in an emergency situation, not every people can invest and sustain their need without thinking about their investment for a long time. A lot of investors are always watching their investment for a possible sell for even a small profit will be enough.

IMHO, there will always be people like that.
I think in the cryptocurrency world, that cannot be erased most especially after the ICO hype.
It became all about the money.
Before, thoughts are how to spend it.
Now, it is way different. How to sell it and when for another currency.

first, you should add links to the post that you are talking about. so, we won't be misled about this topic.

IMO, most bitcoin early adopter who indirectly involved with bitcoin development already made their own path.
they made their own crypto, startup, or other blockchain company. so, maybe it makes people think that bitcoin development is too slow.

but,

let say on this forum.
we regularly saw a new bitcoin project from a company or just a community project.
not to mention the crypto gambling site that launched and always promoting their service regularly on this forum.
it just a little example of bitcoin development as an actual currency (in general).

I think only those people that didn't really understand the nature of bitcoin will giving up easily because they are afraid to lose and they don't want to take the risk in investing in bitcoin. Bitcoin is just getting started the race, many improvement and development will be coming soon , I believe.

It is usual to see people losing interest on something over time especially if their expectation is not met.  Others just simply gone tired and out of no reason give up on thing they used to be their interest.  As of the sell-off, it is a natural occurrence for Bitcoin and other cryptocurrencies.  Every trader wanted to take profit so whenever they see an opportunity to sell during surge, they will do it without hesitation.  This has been the cycle of anything in the market and Bitcoin is not an exemption.

Where are these posts? Forum? Facebook? Twitter?

Those post doesn't represent the whole sentiments of the crypto-people. Why such posts should be a big deal and generalized.

For an experienced user like us, we should already know what to do on that kind of crap, just IGNORED it. We have our own way to understand if some posts don't make sense or not.

People who give up on Bitcoin are usually those who have HODL Bitcoin for a long time, without being able to get the desired profit.
To my knowledge most people view Bitcoin as just a digital asset, so they will sell their Bitcoin if they have managed to get a profit.
Then some people don't believe Bitcoin will become a currency like it's fiat, because indeed some countries prohibit Bitcoin as payment.
Moreover, the number of merchants who accept Bitcoin as payment is still very small in number, that's why make many people have
given up on Bitcoin to become actual currency.

people hoarding for 3-10 years dont care. hoarders for life

those that bought in 2018-19 were hoping for a quick flip due to halving. .. but now months on. no double prices so they are ready to get out at break even

those interested in the technical are seeing the big shift away from bitcoin growth and instead silly other network gateway growth. yep its me again and many others like me that can actually admit that devs have lost interest in bitcoin and now want to make millisat and offchain exchanging a thing.

im always going to hoard bitcoin. i bought at $6/coin so i got a lot of play in my margins to not care about the price swings day to day. but yea many long termers are peed off with the stagnation of innovation ONCHAIN that actually benefits ONCHAIN and not other offchain networks

If they don't get their "desired" profit, then they haven't been holding it for long enough. I though those who were doing holding for short term and made a loss were the once that gave up on bitcoin and started to call it scam/ponzie scheme.
Well some do see it as a digit assets, but there are people that see it as a "currency" and use it for their daily transaction. The number of "physical" merchants that accept bitcoin is low, but there are tons of online shops that accepts bitcoin as a form of payment!

Not everyone who is selling their cryptos at it peak are not someone who lost their hope on cryptos they just want to take advantage of the condition and reaping their profits and surely people who made profits will buy them at the cheaper price so its going like a cycle as we all know.Only people who enters when the price was sruging at the one lost their hopes because they lost their money in no time.

You cannot blame the investor for that, if they think that the technical development is slowing down to actually view it as a currency you cannot blame them and you will see many investors booking their profit during the next surge. Even in the past few months there are institutional investments investing heavily into bitcoin thinking that they could profit from the next rally and if every big investors have this idea i always wonder how deep the crash could be after the rally.

Despite all these you will see all these investors coming back once again expecting once again for a rally and it is going to be a cyclic process :D.

Clearly, they are only looking at the tree but not in the whole forest. Not a big deal though.

If they saw bitcoin progress as that then so be it. That's the product of their own view or they might be a good reference so we can't do anything about it. Let them think, either positively or negatively, about how they currently looked at Bitcoin.

Rather than focusing on those, why not just focus on your own goal. If you are a bitcoin enthusiast, those posts should just pass-by to both sides of your ears.

Depends on what kind of surge was that  . I don't know the meaning of surge so I Google it and found out that surge can also be a fall and not just rise  . If people buy in a fall surge , they are doing right and they haven't loose but there are also people that can still manage their investment after they bought on an upward surge . technical development of btc as a currency is slow moving and people got boreed of waiting so they don't expect too much anymore but this does not mean that they quit on holding a btc

The majority of people in the crypto market are only interested in profits and are not interested in the development of cryptocurrencies.
I myself come to the market partly for profit. I love bitcoin and cryptocurrencies but also need money to pay my bills, if bitcoin goes too high, maybe I will sell 50% of my bitcoins.

I want to know that the laws of your country prohibit the possession of cryptocurrencies or prohibit the use of cryptocurrencies as currency.
China is a hostile country to cryptocurrencies but I have learned that they only prohibit the use of cryptocurrencies but they still allow people to own it as an asset.

Its not unusual because some investors only engage themselves in crypto to make profit. Thats their main concern and not the technical part of bitcoin, as long as they can take advantage the volatility of this coin its enough for them. Well there are many kind of investors so its not really surprising that some investors are just waiting for the ath and quit. Only investors who believe in the technology and are looking forward to the development will stay because they have strong belief of this crypto.

Well that is life there is a lot of haters of the bitcoin because they are saw the progress of the bitcoin is very good and many people help by this opportunity. Maybe those people who do that is one they lost a lot of money in investing their bitcoin but if that is their mindset about bitcoin is up to them but we are here is believe to the bitcoin of it can do.

Yes before that I am new to bitcoin I was able to make losses in investing due to afraid of bitcoin getting crash. Now it seems that bitcoin will not be easily going to end because it is a P2P system where all who had been downloading bitcoin software are the one running the bitcoin. Bitcoin will only crash if all will.be not using bitcoin anymore. So, now Hodl is one big ideal and strategic in investing bitcoin and another good thing to do is to invest when bitcoin market is low or like crashing.

those who have in depth knowledge about the capability of bitcoin will not give up. also even users who are benefitting the existence of bitcoin will stay. most of us who have experienced a lot of ups and downs of btc market. but most of the users that are expecting high gains will be gone as they initially thought they will be reaping riches here but come to know that it's not easy to gain profit from crypto if you dont have any idea of what youre doing.
it takes time to understand whats really happening in crypto esp if you are a noob here. even in trading - a lot are asking for pumpndump groups, that's not a sustainable approach in trading and most of them will just rekt your funds.

Have you been reading the news, many Institutional investors are buying in Bitcoin including traders in Wall Street, even Fidelity one of the largest investment company launch their first Bitcoin ETF. So, who cares about small hodlers giving up, in fact its more beneficial to us long term hodlers to accumulate more while supply is surging among big companies and entities.

Probably this one case,  Enough is enough! Good bye Bitcoin! (https://bitcointalk.org/index.php?topic=5280183.0), but it isolated though. I mean Bitcoin is still in it's infancy, so obviously, there will be people who are going to discover that Bitcoin is not for their taste and type get out and disappear and then will be replace by a new set of fresh blood and then the cycle repeats again.

But for the majority of us, Bitcoin has a bright future, whether on how you like to use it, store of value or money, it doesn't matter. As long as you know what Bitcoin can bring to you then you just need to stay regardless if you experience problem or whatever the current sentiments of the market will be.

Bitcoin and cryptosInvesting in it's entirety is about patience(and don't forget research, of course). Some people dive into buying these assets so fast without exerting the slightest effort for doing due diligence that they don't even know what investing itself even means. It's actually really funny and really sad at the same time.

There is a class of people who want to get rich by using Bitcoin.  And they do it like this.  Because they do not have the minimum knowledge about Bitcoin.  Those who have minimal knowledge about Bitcoin will never be able to do this.  Those who have minimal knowledge about the capabilities of Bitcoin will never give up.  Those who are new to this forum should take some time to research and then you will understand better about Bitcoin.

You should share some "people' that who's posting about giving up or at least the thread so we can check if they are really here for the technology or just for money.
i don't think true Bitcoiner will have that small patience and giving up too soon because the market and progress of Bitcoin is still on the move.
Or maybe you just read those post because of the DeFi blooming?they maybe transferring on that platform to gain more funds since that is their sole intention inside cryptocurrency then better forget about them because they are not part of the future of bitcoin instead once they get the amount needed,then fly away and forget about these community.

There may have been a lot of broken dreams with Bitcoin, not just about the price but also with its adoption as a currency. Three years have passed and its price has not yet gone near its ATH; it's still halfway there. At least a decade has passed and a lot have yet to see an actual store accepting Bitcoin as payment. 

Probably a lot are frustrated and disappointed with it. Some are saying things are getting boring now. Patience may be fast running out. But Bitcoin being still in its infancy, I think one comes out and a couple comes in; one quits, two or more join.

If you believe the predictions of various analysts, then Bitcoin has a bright future. And its price can reach very good heights. But some people are not ready to wait for years, and from this they do not have the patience to be a holder.
Sometimes the “here and now” rule works and for some reason, people are forced to part with their bitcoins. Of course, given the fact that the number of bitcoins is limited, and the best way to increase your capital is to store it. I think the more Bitcoin is popularized, the better people will begin to understand the value of storing their assets in Bitcoin. In the meantime, it remains to train your patience and faith in bitcoin in order not to succumb to the rush of sale.

Those people who started giving up on bitcoin are those who do not know too many things about cryptocurrency but if you are a strong believer in cryptocurrency then for sure you know how much can bitcoin benefit all of us. It has good potential to replace the fiat currency in the future but it takes so much time before it happens. Those people who gave up on bitcoin have wasted the opportunity to become successful in the future.

Maybe people arent giving up on Bitcoin too quickly - but maybe they just dont feel as confident as they did before.   I think this has more to do overall with the weak American and Asian economies at the moment.
I hope that people arent giving up on Bitcoin because the price would crash if everyone sold their Bitcoin. 

Why there are still many people who give up on bitcoin even though the price of it remains at $10k which is really high compared to the price of before. There are many things that bitcoin can give to us and it would be a waste of opportunity once you started giving up on it. I suggest for this people who want to give up on bitcoin, they should do some research first or join forums like this so they can be knowledgeable about bitcoin, it will help them know if the bitcoin is worth giving up.

Bitcoin is a more profitable currency than other currencies for investing in crypto i don't think bitcoin should be abandoned it's nothing but nonsense those who have no idea about crypto are able to take such steps. If you research and analyze the crypto market you will understand its benefits and will not think of giving up so the best advice is to give up and make a long-term investment you can make a profit if the price goes up and you don't have to regret it later.

People who are losing patience with Bitcoin after just 10 years probably never intended using it in stores or for daily payment and are only interested in how much profit they can make in as little time as possible. Bitcoin is still at its infancy sage as you pointed out, and most financial instruments it is competing with, like gold, fiat and stocks are centuries old, so it would take a while for it to take off and go mainstream.
There's is also multiple utilities for Bitcoin depending on how holders view, it can serve as a store of value due to its resistance to inflation, in which case it would not need to be used for daily payments, it can be used as a digital cash for peer to peer transactions, it can equally serve as a speculative asset due to its volatility.

Not everyone who gives up lacks knowledge on the potential Bitcoin has, most could have invested due to the hype with little or no strategy at the time, probably using funds they can not afford to lose. So, now they are at a loss and can not afford the patience of waiting extra years.

It is not only american and the asian economy is weak but the whole world as well,we know how the universe is now into a huge debt because of this pandemic so we cannot blame people that leaving crypto or converting their crypto into fiat.
but we cannot say that there are totally leaving because the market cap is still up high like what before this pandemic comes so maybe the investors are just waiting for the right signal to re enter..

Impatience, ignorance and sometimes lazyness, all these qualities make people giving up on something that has fallen short of expectations. As it turned out, bitcoin is not a get-rich-quick scheme, like DeFi based on Ethereum, it is not a fast currency for everyday transactions like lovely Visa, its technical development is very slow and boring, because unlike Bitcoin Cash and other similar shitcoins, it is decentralized and requires overwhelming support in order to add something into the code. Bitcoin seems inconvenient, slow and too volatile, if it gets higher in price and reaches its ATH, you're lucky: cash out before it is too late. Of course, it is merely a fallacy. But some don't want to learn, they are afraid to dive down the rabbit hole. If you have time to try to convince them, please do.

Usage of BTC and other cryptocurrencies is only continuing to increase.

I think that when people ae only looking for short-term profit potential through trading or holding, than they may be more likely to leave. However even those temporarily in the space do help the overall activity and often times they do end up learning a bit about the technology.

Crypto is the future and giving up now or ever would be unwise for me or anybody. I genuinely feel for those who recently jumped in on crypto and planned to triple their initial investments. But what you fail to understand is that in any real investment or company, there is no fast benefit....and cryptography is freaking legit.

They are giving up on Bitcoin on becoming an actual currency because of the huge fee for small transaction and also the price fluctuation.
We could earn profit by holding it instead of using it to pay specially if we could use our cash for it.

Even though Bitcoin is already over 10 years old, we are still at the beginning of its development. I always compare that with the Internet to people who are new and interested in Bitcoin. The internet existed since the early 1990s, but the breakthrough came in the early/mid 2000s. It is similar with Bitcoin. There are many signs that increasing acceptance is happening and at some point the final breakthrough will come. I wouldn't necessarily put that down to price.

i wouldn't say given up per say, rather people are mostly enjoying the price aspect of it for now, the ability to make money from occasional price pump and perhaps from ath when it happens, but despite this, many people are still looking forward to the technical aspect i.e for btc to become an actual currency in the future but this is something that will not happen overnight, btc becoming an actual currency and having been accepted by the government of various countries still very far from reality, but the benefit of making profit out of it is already achievable and this is where many interest lies.

Tunnel vision? That's why I'm asking who are these people in the first place. Whether it's country restrictions or they were scammed in the past, that doesn't change the intention of selling bitcoin at a profit. They look at bitcoin as an investment asset rather than an actual currency which is the main point of the post.

Nowadays, people are getting involve in Bitcoin in huge amount. Price is growing gradually. We should hold our Bitcoin for a big profit.

The increase of cryptocurrency usage is almost getting everywhere and we are seeing many more exchanges which is to show that more cryptocurrency adopters coming into the system. In the few years to come we see that it will increase more because covid-19 and short down has taught many how to invest in cryptocurrency.

Those who can't trust the system for the main time may give up quickly because they don't get what they want from the system. When an individual with a mindset of making quick money from the technology and it's not forthcoming then they will quit the system. Though, this isn't an issue becasue the ecosystem just begin to grow as Bitcoin clocked 10+ years. As for me, those leaving the system will definitely come back to the industry when the right time comes, new technology must at first suffer setback before the light shine.

I think there are those people that don't actually care what happened to bitcoin. As long as they can get a profit out of their investments, they would invest in bitcoin and get out to their advantage. In the end, if we will be looking at the long run, I think the ones holding for a long time get the higher profit than those getting out quickly.

Well, every people has their own judgment wether to stay longer in bitcoin once the all time high reached. But, some grab the opportunity in taking profit, of course. So they are thinking on the long term opportunity that a bitcoin could offer. When holding long term a chance to earn huge profit if the price soar in the marker. So people giving up quickly on bitcoin because of don't believe in its adoption happening.

The recent bear trend (2018 - 2020) was the longest one and many people thought that this is the end of bitcoin.
Many people were criticising bitcoin for falling so low in price. Even then there were many people in this forum who truly believed in bitcoin.
And here we are today still standing with bitcoin. Those who criticised bitcoin back then are gone selling their bitcoins for cheaper price and those who believed in it are holding their bitcoins.
People must understand that it's not about price but the technology and the faith that people have in bitcoin to revolutionize the world.
This is what unites us all and this is what will develop the future of this world.

Just HOLD and believe on bitcoin's ability to increase its price in the market.

And also maybe they are not that patient enough to wait for it to become profitable and to make it. If you're patience don't prevail when you are a bitcoin investor, then probably it is not for you, bitcoin is not for you and you should buy immovable asset instead. Maybe it is also because it is not a real currency that is tangible that's why most of the people are doubting bitcoin's capability of increasing its price.

People tend to get tired after a while.

You rarely see a politician standing behind the same values for decades. Most change their minds and most people change interests and investments.

Old holders will sell but new ones will emerge. The circle of life ;)

In my opinion there is nothing wrong when Bitcoin goes up to the price of ATH, many people will sell their Bitcoin for taking profit.
This doesn't mean people give up that Bitcoin will become the actual currency, because I believe most of the crypto community still
believe Bitcoin will become the actual currency. So the accusations of many people of giving up on Bitcoin are not true, there are
indeed some people who have given up on Bitcoin, but I believe there are not many.

I heard people are surrendering with bitcoin because numerous haters are misleading them.
These peoples are not well aware they're less educated about bitcoins.
You can not become rich with bitcoin in one night it takes lots of time for bitcoin to convert your investment into profit.
Bitcoin is decentralized and no one knows when will it begin expanding and diminishing. The primary principle of crypto money is to show profoundly tolerant

Yep, there are people who think that way but that would not result for the market to crash, been here for many years and I've seen a lot of crash look alike but I was so optimistic that the market will recover and I was right. Thing is, when some people are selling, expect there are also a group of people who are willing to buy as not everyone thinks the same in a given market situation.

People are giving up on bitcoin too quickly because they don't have the patience to wait for the price to go up, and they feel desperate to just hold bitcoin without doing anything. They have daily needs that need to fill, and that makes them need to have money. They slowly sell their bitcoin without waiting for the price too increases. It is normal to see what they did because many of us buy bitcoin to profit by selling at a high price. But unfortunately, the bitcoin price will not always increase every day, and the bitcoin price will be volatile. It is easy to say just HOLD bitcoin for a long time, but not all people can do that easily.

The subject of people giving up on bitcoin has gained traction on the forum for sometime. This is especially because of the latest DeFi craze. With every hype-cycle come new claims of paradigm changing innovation from all these different people working on ERC-20 tokens or alternative blockchains. To those who feel concerned about bitcoin due to all these bedazzling innovation, i say this:

Do you really think these "New" projects are bringing in the billions in the form of actual investments?? Most of the time the money raised is itself in the form of bitcoin. The "projects" market valuations are against the dollar value that bitcoin has. Most people "investing" in these "projects" are old hodlers themselves with BTC to spare and who want to put their bitcoin to work. The smaller retail buyers are just there to buy and sell and keep the price ticker running on exchanges.

Today if the REAL HODLERS give up on bitcoin, this whole ecosystem would evaporate in less than a day. Nobody would care if your DPoS chain with three telegrams groups and fifty thousand Filipino, Indian and Chinese shills can do 10000 TPS. So @Windfury my friend, please take heart. Trust the honey badger.. :D

Two responses in this thread that i think are important though are here:



Love these two responses as they are the ones that really raise issue from the perspective of some old hodlers rather than speculation of people who hold like 5 BTC and just can't wait for it to make them rich. Instead of getting negative about this and hearing newbies and DeFi degens talk shit about bitcoin, this is what we should be discussing.

You can never satisfy all people. Even how beutiful or good things are there are some people will hate it for different reasons. However, the number of people who beleives in Bitcoin are way to far from the number of people who hates it. I think we are still on an early phase to say that Bitcoin or even cryptocurrency as a whole is fully developed, it is not even fully adapted yet. The process might be slow, but everything is progressive.

Hahaha. I'm not scamming you, but the general "mood" of a lot of the poster's replies are they have given up on Bitcoin's development in the economy to be more, but still HODLing for fiat profit, not as a hedge/opt-out mechanism.

But you can read some of the replies in this topic, https://bitcointalk.org/index.php?topic=5279328.0

I think some of us here are not even thinking that there will be a huge adoption in the future, some of us are just taking advantage of what they can do right now. But I think there are those that trust the process, that believes that bitcoin will be a huge part of an economy of a country in the future. That it will be a great currency used online.

I might not thinking that cryptocurrency will coming a huge adoption in future as well but i didn't think also to give up in bitcoin. I'd still have this gut feeling of mine that someday or one of this days bitcoin will be a part of our economy by mean of legally adopted as mode of payment in each and every shops and services. I didn't know why there are some of us quickly giving up on bitcoin. Hopefully they may find in themselves their way back to cryptocurrency, i have this feeling of mine that our dream for a cryptocurrency to be legally adopted was near.

The fees does spike up from time to time but transactions with low fee are still getting confirmed in less than 12 hours.

---

I kind of agree with the others, those people giving up could be the vocal minority. They might've given up for now but once Bitcoin becomes more widely accepted and used in the future I think they would easily go back to using Bitcoin.

Maybe they're not technical experts than can see the future of the development of cryptocurrency. They're the people who are just looking for the pump price of the cryptocurrency and not really believing its potential in the technology side. If bitcoin was accepted again as future payment on some platforms, probably they will use it. These kinds of people should learn what is the other capabilities of cryptocurrency not just in the market but also in how it will change our society.

This is not always the case if you ask me, for example if we see the case of DeFi projects the early adopters are always the most profited when they sell early and the people who come late in the projects are the ones who are buying from these early adopters. So I guess selling late isn't the right choice always, I think there is always a time to ride the hype wave and then sell the coins when the hype is about to cool down as at that time we will be getting the most profit out of the investment.

Well, its also quite hard to develop Bitcoin without any support in which country you are residing from or even just the support from a large private company can be enough. There are already a lot of people who are missing out on the opportunity of learning Bitcoin but with this development, learning about them would actually be beneficial. I just hope people with big names really took the time to further utilize the use of bitcoin without abusing it.

I also believe that those who believe in cryptocurrency and love it will never leave the world of bitcoin or crypto. Those who are new to crypto, do not trust crypto, panic when the price goes down and sell quickly. Older investors tend to invest more when prices fall. Those who stick to crypto will definitely benefit.

I'm just sure those who complain about Bitcoin are only those who can't make a profit from Bitcoin...
not as fast and easy that for Bitcoin to be mass adopted, it takes time and more extensive learning. don't give up and continue to HODL Bitcoin so you can feel the profit in the future.

The population is increasing as you rightly said. I have seen many blogs and people talking and writing about bitcoin. I believe in no time in the future we are going to see bitcoin bull because of this new investors getting to know about bitcoin and blockchain technology.

Maybe because these enthusiasts are taking advantage of the opportunity to make profit. They invested on Bitcoin when the price is low and then sell when price goes up and maybe they are just afraid to hodl like long term because of volatility. They wanted to earn fast that is why they are selling too quickly. Long term hodlers are those investors that with or without pandemic they survive without any issues but to those who are less fortunate like me that is a different story.

It is their money and so they have the last word about what to do with it, however we must understand that the majority of people in this market are no longer here because they believe in the principles behind bitcoin, that time has passed, most people are here because of the volatility and the potential profits they can get so it is obvious why they seem to be only interested on when bitcoin will reach a new ATH and then they will sell their coins immediately after that, but let them be at the end we know for a fact that the ones that benefit the most out of bitcoin are the ones that keep themselves invested on it for the long term, so if they sell as soon as we reach a new ATH it is very likely they will leave a lot of profits over the table.

Not everybody is going to agree to what Bitcoin has come to do, there will always be and opposition but one thing that's for sure is that Bitcoin has a large community and is dominating and also very much accepted and appreciated .. I only hope that they get educated about Bitcoin and when they do patience is one virtue they need to exercise it's one thing to gain knowledge about Bitcoin and also it takes patience to wait for the right time to make profits

If you are really expecting a bull run then you need to attract big fund houses that could invest billions into the market and with bitcoin being a strong performer in the financial sector for the past several years all the big fund houses and investors are aware of the market and these big investors determine the bull run ;).

I just think for those who know bitcoin by fundamental factor only they will sell bitcoin when the price continuously fall. They will afraid by holding it because they are afraid to lose all his money in several times, unless his intention for long term investment and he is not afraid or didn't look the movement price of bitcoin. It would be different for those who know bitcoin by fundamental factor and they have the knowledge to technical analyst then I bet they will hold bitcoin if their intention for long term investment. We believe that the history will repeat itself, it just a matter of time, bitcoin will touch it previous ATH and even some of the predictors believe bitcoin could reach $100.000 by 2021.

Maybe one of the reasons why they quit bitcoin so quickly and they sell it right away and are afraid to hodl because of what is happening in our economy and this is one of the impact on people, because of the unexpected events in our world today that should not happen so maybe they think it can also happen in bitcoin so they lose confidence in it.

People won't give up very earlier, but won't get into cryptocurrency whole heartedly. This happens as a result of people getting caught on scams or other multiplier traps. When one get into bitcoin, everyone will be blank with an eagerness to earn something out of it than using it on real life daily needs. This eager make people to invest without proper learning about the risks as well as the chances of money making. This loss makes people end up quickly, while majority try to learn and correct themselves.

Just a few minutes ago - check the timestamp of this post - Bitcoin jumped from $11,100 to over $11,400. Of course, BTC has started back down.

8)

Let them think of what they want because most of those people are just BS about Bitcoin and none of them are true investors so there is no chance that they will trust or Buy bitcoin.
Better if people Bought again before the price goes like now,we are now at $11,400+ in price so i believe we are now taking the $12,000 position again and maybe this is the Bullrun that we are all waiting for.

Let those Fud cry because of bitterness as they did not succeed making Bitcoin price fell that low.

If you know someone who's giving up on Bitcoin, tell them that its not okay to regret later

Bitcoin can not be considered independent at the moment.
People also believe in something that already exists and has been their way of life.
So we have to give Bitcoin more opportunity and only the passage of time will make progress.

I also think the same. This individuals have no patience and hard work for they might think that in just a blink of an eye they will be rich that quick. And when they encountered failures and hardships along the way here in crypto world, they will easily give up without thinking that they will be losing more investments and profits for their whole life. Hope this people will soon realize how important and beneficial that bitcoin really is.

From an investor's standpoint, their "right now" would be a very big mistake, because "tomorrow" WILL have Bitcoin with 6 digits.


Bitcoin is a ground-breaking invention like the printing press, personal computer and the internet. Yes or no?

Well, I think it would be different since we are talking about bitcoin. If you will be asking those people invested earlier that are still holding right now, I think they have a lot of profit for sure. I know I might be wrong but that is just my side though, and I also agree on your point since I also read some posts here that says there are also some scenarios like you've said.

If anyone thought that Bitcoin was going to become an actual currency, then they are totally wrong. Right from the beginning I started making use of cryptocurrency, Bitcoin to be precise, I always put it in the same level as PayPal, Payoneer, and other payment methods of such. I never believed what people used to say that it’s going to be replacing the real currencies that we are making use of to become one world currency, that’s a very dumb idea.

But that doesn’t mean that people will be giving up on Bitcoin. Even if the price of Bitcoin should drop from $10,000 to $1 today, I will be one of those who will continue making use of Bitcoin, because my main purpose that I started making use of it wasn’t because I wanted to invest and make money, it was to actually make use of it.

This is why people need to be educated about bitcoin and the whole cryptocurrency ecosystem. Every one of us has our own idealogy of cryptocurrency and that ideology can bring us to the point that bitcoin can't be the one we are expecting with. Believing that bitcoin can replace today's currency can be possible but I think it would take so many years that our lifespan can't reach so we people need to expect as logically as possible.

Well our purpose of using bitcoin is different from each other, I'm sure there are many people who got a loss in making a profit with it will have a loss of faith in bitcoin and will immediately stop, Unfortunately in that case, The reason why they use bitcoin is the one makes them give up.

^ We are just the same, due to the fact that bitcoin has a limited supply and it could be possible for us to make this as a fiat replacement. People think about the value of the bitcoin, they will keep this and let their bitcoin sleep on their wallet and sell when they saw that the price was in the moon at price. Bitcoin is a store value, that could make profit via 2x or even 5x from your initial capital. Due to the limited supply people are now hoarding after accumulating bitcoin in the lowest price.

Sorry, but there is no need to do that. Pushing people into a certain thing that they don't want is just a way of making them feel embarrassed and will blame you back once failure had come. Bitcoin investment is welcome for everyone but couldn't think that all of these people who are investing in Bitcoin will keep their assets for a long and have the possibility that they will lose hands upon reading and hearing bad news.

If we have faith in Bitcoin and crypto investment, no matter what it happens our trust remains IMO.

No matter what happens? Even we bankrupt because of trading BTC or other crypto investment? LMAO
I think the best thing to say is that even we have trust in crypto investment, we should also be aware of how it will kill us. Having a desired strategy can ease our problem in investing. The problem with other newbie investors is that they think that BTC will always go up whenever there is a bullish momentum. But when they trapped because of their greediness, they are always regret at the end of it. Having a trust to bitcoin is good but having strategy in buying or selling is much better.

Who? No sources? Just talking out your neck? Absolute nonsense you are talking right now.


People like that shouldn't be buying bitcoin and should just sell it and never come back. Bitcoin is for visionaries and believers, not money-grabbing fiat worshipers. Rather just invest in the technology and use it. Forget about the value of bitcoin.

Not totally giving up, because some people used there bitcoin because of this pandemic. But I know deep in there heart they don't want to do that. We can start again after this pandemic. 😊

You don't need to wait that pandemic end before you use or invest in bitcoin. Those people who giving up on bitcoin quickly is different to people that paused for a moment because of lack of capital investment. Those people who giving up is really doesn't know about bitcoin while those who just paused a moment will not quit, but instead they are still in crypto waiting to have their capital again to invest because they know better about bitcoin that's why they didn't give up after their loses.

Bitcoin looks like the pathfinder into the new money. As new technologies based on cryptography are being developed, they come with improvements on the bitcoin technology. Naturally, you should expect people to move with the newer more robust one. That is what it seems happening that gives the look that bitcoin is being abandoned by people.

Some really gave up on bitcoin for reasons like they got scammed or lose a lot of money trading. Those are the people who got in without even believing in the currency first, they've been blinded by the idea of earning a lot of money without understanding the risk. they see bitcoin as a money making machine and not as a currency. But some of them didn't give up on bitcoin, they just don't believe in it when the price is down. Same thing with almost everything in this world actually. You have friends when you have something, and no one when you're at the bottom. Expect them to be back again once the price is already ATH. They will be the one regretting they didn't hodl. Best is we don't give a shit about them, just do what we do and continue using bitcoin.

I doubt if people are giving up. Bitcoin has gain popularity and acceptability in the world more being given up. Most people do not even know there are other cryptocurrencies aside bitcoin and lots of people are newly getting involved in bitcoin everyday even with no knowledge of it technical development.

Yes it can be said, in today world people look everything to happens very fast. Bitcoin has gone up from time to time. It has gain lots of popularities in previous years. Some country acceptence are in waiting period. With limited supply and too much money invested in btc, we don't have to give too early. Btc price will be definitely going to increase and touch all time high. Thank you

These people considered Bitcoin as a tool to get rich quickly. Bitcoin wasn't made for that, they realized it and wanted to give up on the first crypto.

In 2017 when the cost was expanding many people begin contributing with it, but after a few months it tumbles down and afterward individuals quit taking enthusiasm on it.
They think about it as a trick or non-benefit cryptocurrencies. I suggest you to quit thinking about them and sit tight for scarcely months.
Let the market siphon the cost. The individuals who quit the bitcoin will morose returned.

That could be definitely be part of the answer, at least of what we are seeing right now, however we have seen people coming to this market and then never return for a long time and in my opinion this has to do with the unrealistic goals that people have when it comes to this market, they have heard the stories of people becoming rich in a matter of weeks or months and they want to replicate those results no understanding that very few people can do something like that and for the most part were just lucky, then when they realize this they leave disappointed of the market.

It looks like a trauma to a person who had lost a lot of funds in bitcoin. I know that most of us here bought bitcoin because of its primary usage, p2p transactions. We but btc and other cryptocurrencies for investment. And that is the reason why most people quit in crypto space. We intend to make money without knowing the risk potential that we will encounter. If you bought bitcoin during its collapsed and assume that it gonna pump hard, I think until now you hold bitcoin too. It takes a lot of years before we have seen bitcoin ATH again so hodling is not the key specially if you are newbie to the industry.

For people who are new to the crypto space, it is best to buy Bitcoin because it is an asset accepted as a means of payment in some e-commerce stores. If you want to buy Bitcoin with your local currency there are many safe places to do it. Bitcoin has many benefits in addition to holding for investments. If some Bitcoin holders think to stop investing, there will be others who want to have it in their portfolio. Bitcoin will continue to climb at a higher price, the crypto market is booming.

What? Do most people care about Bitcoin's technical development? Or even about Bitcoin should be a currency in the future? As far as I know, most people only care about how to take profits from their investment in Bitcoin. So, very small number of people who really follow the Bitcoin's technical development. By the way, can you show me about the posts you read related to the case above? I doubt you misunderstood the points of those posts, buddy.  ;D

That's the saddest part on investing in bitcoin thinking that it's a quick rich scheme without being aware that it takes more patience and skills to make profits in bitcoin. People who easily give up on bitcoin are those who have less knowledge about its potential but for those who are already legends in this crypto community, they just keep calm while waiting for its bullish season to come again.

Yup as time goes by the price of bitcoin could be more high and higher which got them thinking it's impossible to use bitcoin in daily basis as our main currency, typical narrow minded.
There's a lot improvement currently in develop , to solve all these problems. Including the transaction fee.
Once the results come and people love to the problem solver ... those people with weak faith would surely burried deep down

Be a true believer , bitcoin has something special that too good to be missed.

It depends on the kind of person they are. Perhaps, there are people who are firm that when they put their money in BTC, even if it declines a bit, they will not take their funds out of it. But this characteristic takes time to adopt as they need huge amount of experience in this volatile market in order to be patient enough to resist the FUD'S and FOMO's. I can say, way back before, I am the same like them who easily withdraw funds whenever I read an article posted by someone popular which is quite negative. I don't do market analysis, I just believe that is why I lose. Right now, I develop some sort of mechanism thinking that Fuds will pass too, and consider the long term benefits of me holding bitcoin.

People are getting tired of holding their coins for years and begin selling it. I am certain they'll feel embarrassed later.
I still remember me and my friend did highly invest in 2017 when the cost was something around 19K; however, it started falling after that.
We both losing expectations, and we sell all our coins. Presently it appears to be that bitcoin is improving.
There's much chance of expanding bitcoins cost. Now me and my companion feeling too much lament what we did.

I wonder who are these people, I guess they are new to bitcoin and always want it to pump, they think crypto is a get rich quick scheme, so all they want is for it to rise to the ATH and they will sell immediately, humans always allow their emotions to get the best of them, whenever the price of bitcoin is going up, they will be happy, but when it's the other way round, they will start calling it a scam,i wish they could see bitcoin beyond that, for me I think the use case of bitcoin out weighs it's cost,it has really made life even much easier, and helped to eliminate the middle man(banks),imagine being your own bank, oh wait you're already  :D, lol.

I don't think people are guilty of always wanting to profit from what they are doing (trading and investing). The same thing I might say is that I want to profit from my activities as a trader or investor. That's normal because bitcoin is a tradable asset. As a currency, I don't think we need to go far enough just because we want bitcoin to become a global currency. That is very difficult to achieve because the government will not easily pass it. There are many other factor that will also make it difficult for bitcoin to become a global currency. I don't have to wait for that moment to come, because now I can also experience how to manage money like having my own bank with bitcoin.

The only people who will give up on the potentials of bitcoin are those who only see bitcoin as a form of investment and not as a currency. These people most likely do not know or have forgotten that bitcoin was created primarily out of the need for a currency out of the control of the banks and the government. It was created as a currency for the masses.
I however think that the mass adoption of bitcoin in the mainstream world will settle this issue. When bitcoin becomes massively adopted and everybody now accepts bitcoin as a means of payment, then there'll be no other choice than to accept bitcoin as a currency.

What about those miners? Is they wouldn`t see potential to bitcoin? The factor that you bought bitcoin or supports it, you consider it to have a potential. If there could be a massive adoption, there are two factors also we can consider. Either it bring the positivity to the price or it would be regulated by the government. Probably, government does not want to exist a coin that they will not be used in terms of corruption. Well, in all what you said. I agree to that, being investor and supporter of bitcoin can help it to become the mainstream.

Only people that knows the true potential of bitcoin will reap the reward in the future. It really hurts for everyone to see how volatile it is so it's not suprising for some people to just wait for another ATH then sell all their holdings. We can't blame them because they just bought bitcoin because of fomo and not knowing the risks when investing into a cryptocurrency.

Those people do not really understand why bitcoin exists at all, they have heard stories of people making themselves rich and they want the same to happen to them, and they do this without understanding that markets never remain the same, a strategy that worked years ago could be outdated now, some people became rich with faucets when bitcoin was just starting and you have people to this day trying faucets, it is obvious those people are wasting their time, and anyone thinking they will get rich with bitcoin in a matter of weeks or months is wasting their time as well since it now takes months or years just to see some decent profits.

Expectation vs. Reality as we do all know and this is where commonly people do fall on.They do really believe that bitcoin can really make up them rich but without even
knowing that it doesn't work that way.

Giving up too early?Its not a surprise for some when Bitcoin haven't meet up their expectations but somehow some people do realize and do decide to stick and engage with
it even more.

It will vary on interest and your own views on how to be sustainable into this market without having those hopes too high.

We do not blame them if they are giving up early for bitcoin if the price it will take to long to recover or reach to a high price. Even me I take that on my mind also that I need to giving up but for now I just focus only on how to earn more in bitcoin in such a low of price. So I decide to hold and buy some more because there will be a time that bitcoin could be go to a high price again and Ill think we need patience because patience is the only way for us to earn more in bitcoin.

You need to look at both sides of the debate. I know some people, who purchased Bitcoin at prices close to the ATH levels in December 2017. These people are still stuck with their holdings and their investments are in deep red. We always say that Bitcoin is a high-risk investment and you should invest only as much as you can afford to lose. But that is not always the case. There may be financial emergencies and these investors may be forced to sell their coins at a considerable loss.

Those who abandoned bitcoin excessively fast are not the real investor.
They want to get wealthy at night. A large portion of them read about the bitcoin but never comprehend it completely.
However, bitcoin never works that way. If something is decentralized, at that point, it doesn't mean it make you wealthy in days or months.
Bitcoin is the same as a stock. You need to apply profoundly persistent if you need to make a benefit.

This ATH story has been repeating itself over and over. Bitcoin peaked to 33 then pulled back for an entire year, Bitcoin peaked to 166 then pulled back, then to 1200 and pulled back for 3 years, then to 20k and here we are at only 1/2 way down. Last time I bought was at 7xx and I've sat on it since, even when it was in the $200 doldrums.

If people want get rich quick or die trying schemes they should be bottling custom alcohols.

I agree, most of the people who would give up so easily on BTC are newbies. Recently, BTC has shown some green and hopefully it stays like this.
Too many people start entering the market hoping to get rich quickly and after a few weeks they just give up.

The issue is that people don't understand the long-term gratification scheme and this in turn may cause negative micro-domino effects.

Patience is one of the key here in cryptocurrency. For those people who sell their holdings at lower price maybe they do not have enough information regarding bitcoin and they are too afraid that bitcoin price might drop in an instant. We cannot blame them and if ever that we choose to mess up with their decision then time comes that it will be a really bad day for cryptocurrency, we are the persons to blame. We should let them learn from their mistakes and inform them facts about bitcoin atleast we offer help.

People acquire bitcoin with the aim of making immediate profit. Some venture into this line with the mindset of cashing out maximum profit the next moment. Bitcoin is a digital commodity. Its value is never stable it fluctuates although with a minimal margin. If we take a look at its current worth its is over $12000 for 1bitcoin but we can't really say for sure what its value will look like in few hours.

Factors such as market capitalization, Economic stability and global exchange contributes greatly to bitcoin stability so if one feels bitcoin is an immediate profit making platform except for traders he or she will remain so discouraged considering the nature of our global economy.

No,People are not giving up on bitcoin.
People are trying to observe the season very well before they can supply to market if more profit will come out from the supply.
People are not giving up on bitcoin just that they prefer to quit from now base of what the world is experiencing every night and day of the Corona virus. Many investors are still observing the period that is making some people think they are quitting from the forum. that is spreading every day

people hunt bitcoin because they believe in the benefits they get, everyone knows the price of bitcoin is unstable and everyone agrees with that many are taking advantage of the unstable price of bitcoin but need to learn to master the market situation, otherwise it will lose.

In fact this is very common in all markets, people for the most part come with expectations out of the markets that are not aligned with the reality of it and for the most part they invest at the end of a bubble and when the market begins to go down they keep holding their coins not wanting to accept their losses and the only thing they are doing is to increase them even further, also while many recommend to only invest what you can afford to lose that advice can only be followed by those that are rich already as the rest is probably using their savings, and who can afford to lose that?

We cannot stop some people mindset giving up on bitcoin and would truly sell once price reached an all time high in the market. Those people don't believe the future of bitcoin and just focus on how they can earn profit which is the fact in this industry. Well, there’s still some users also enjoying of having bitcoin to hold until the massive adoption could take place globally just like using it as payment.

While many of those people that bought at ATH were very disappointed having read speculations that the price will reach another ATH at $50K invariably that the price fell like a pack of card and majority sold at a loss, a lot of them gave up although many of them entered cryptos with a mindset of making quick profits having read stories of those who bought before 2015 and hodled till ATH in 2017  made massive profits after selling some their portfolio.

I love this cryptocurrency, it keeps me busy at home, it's very exciting, it revives my imagination that we have money, we don't have to work outside the house at home while we can while we want to, so I'm still passionate about bitcoin and The popularity of bitcoin is now extraordinary so bitcoin is now more expensive in the past year, better known so we don't need to be afraid to invest in bitcoin.

I think some people only think that. But many people believe that bitcoin can use in many ways to make money like bitcoin investments they using bitcoin to earn more money.
There's a lot of benefits can bitcoin give to us. Like we can used by buying online and many more like paying our bills online using bitcoin.

Well that's how volatility work. There's no consistency regarding the price of not only Bitcoin but also other cryptos. There are times wherein the market prices will be at peak and there are times of downfall. It is not enough to just hold because there will be opportunities that would pass by if you won't be alert at most of the times.
There's this thing called "selling and buying point" of the market. Patience therefore is a must in order to come up with profit. Break the expectations that profit is guaranteed and is something that will arrive as soon as you want it to.

I see investors who bought at the peak price when Bitcoin hit its all-time high in 2017 many gave up. Especially when entering 2019
many have left Bitcoin, those who give up will definitely regret it. Because for me Bitcoin can definitely return to the price of $ 19,000
again. In the next 5 years I predict the price of Bitcoin will reach $ 50,000. Therefore we must be patient and continue to collect as much
Bitcoin as possible.

Some of them have actually been in Bitcoin longer than me, and probably knows Bitcoin more than me, BUT have given up on Bitcoin as a form of money, have given up on Bitcoin's transactions to have privacy, and has given up on the goal that Bitcoin will be accepted by the mainstream.

People who give up easily on Bitcoin are those who don't have enough knowledge about their value and importance. However, there are also some instances where an investor could easily quit due to their personal reasons. Those who still hodl are lucky especially when the market situation gets better.

I just hope people stop giving up on bitcoin whenever its low, they should see it as an opportunity to hodl more instead. It is true though that some of the people gave up on bitcoin too quickly just because they just want to earn as fast as possible, but it won't happen in weeks or months. Unless they got lucky when they got in.

The golden words in cryptos are

"Never sell 100% of your positions"

FOMO is real. 10 years in the past BTC was worth pennies. Today around $13k. I really hope to see where it all stands 10 years down the lane.

The growth is real. The greed is real. Mistakes can cost you fortunes.

Ain't wonder impatient people easily giving up once seeing red tide on the market and then keep whining why they lose, why the market dumps, and Bitcoin is a scam. No wonder why weak hands losses because they don't understand the market trend, probably lack of knowledge will help it drives to misconceptions. But I believe that only a few of them have that kind of mindset, some had already changed after learning from their experience and mistakes.

Anyhow, it is accepted as well that we all have differences, a reason that not all had come into crypto succeed.

i know nothing about speculation things but as far i know Hodl is the key  ;D i buy some altcoin back in the days and try to sell high (basic trading) and 4 month or so the price of the coin like rainfall im not giving up or try to cut loss and boom i got the profit

Its not their fault for showing disbelief in Bitcoin since they cannot HODL for very long since some users really needs their money for emergency uses. Although other users are just excited to sell their Bitcoin since they have no knowledge how to further invest it. Its also interesting that there are already people who considers Bitcoin as a legit currency but some people are not quite ready to believe that. Imo, Bitcoin is a good currency that might play a big role in future digitization of payment systems.

Yes; people are quickly giving up and these people are those who do not see the future of bitcoin. Cause I really don't see someone who understands where bitcoin is going and would still give up.

Maybe because they really didn't understand what bitcoin is and they ignore the development of bitcoin. Or, maybe they lost a lot that's why they surrender and giving up on bitcoin is their last way to stop loses. Will, they are loser if they giving up bitcoin because bitcoin is really a  valuable digital currency which gain a lot of popularity and it's very useful now.

This is how thing works and we do know that you cant please everybody and we wont really be ending up on having the same input or perception towards things specially with bitcoin.
Some might see its advantage and benefits but some wont really recognize nor appreciate its existence due to some wrong influence or wrong information on it which he had heard on
other sources as well.Lots of factors that can really affect ones view into it but we do have our free will to learn up everything because there are things in life that needed to be
known carefully before you do make out conclusions.There are really just some people who are close-minded one where once they do believe on a certain thing then
that cant really be changed.

Disregarding the technical development of bitcoin means you don't know how does it work. Obviously, these people are those who didn't trust the bitcoin at first and don't even use it. Their arguments about the future of cryptocurrency aren't considered valid talk if they aren't supporting or using it.

There are plenty of crypto users who gave up on bitcoin when a price drop occurs but instantly came back after the price hike.
I hope it serves as an ideology to them that cryptocurrency has a good future.

May not apply to everyone. Since bitcoin is a decentralized currency, I believe almost everyone especially users know how it works.

It could be that they are seasonal trader who will only carry out their activities at certain moments such as when price rise. For those users who keep abreast of bitcoin development, I am sure they will not abandon bitcoin just because its price has dropped.

Well, if they gave up on it, it's probably not their fault,everyone is entitled to their own opinions and choices, and too bad for them cus they gave up too soon, we saw what happened last week when PayPal started accepting crypto deposits and withdrawals on their platform, PayPal is one of the biggest payment platforms as we all know, and they were anti-crypto a few years ago, but just take a look at them now, they've finally embraced the future technology, bitcoin just keep proving them wrong.

Sadly, this is the case for most of these people who dump their coins. Without knowing the basics, these people only know of bitcoin as a get rich quick scheme which is really not the case. Proper education and doing your own research beats most FUDs really. But if they don't have enough time or knowledge to kepp on hodling bitcoins when it's at a bear market, we can safely assume that they don't have the time or knowledge to do the aforementioned things.

Peoples expectation had been broken which I do see the main reason why some do quit quickly just neither they had been scammed or lost in trading.

Ending up some frustration and regrets and never tend to look back but if they do realize later on and gain up sufficient knowledge then those line of words will surely
change but depending on how you do look things up.

Giving up on learning bitcoin will really just make you miss out on this great tech and also with its potential earning capabilities.

Frustration, disappointment, being hopeless becauseof bad experience? People who easily hooked up thinking easy money will usually get fall into this scenario. That is something they need to change than leaving full of regrets which unfair enough to blame Bitcoin because of their fault.
Such failure could actually be changed to a right ione f they want to and being an open-minded person that accept other opinion. I hope these people will realize earlier and become proactiveto every mistakes that they've done.

The mistakes and failures that they experience should be learning for them how to accept the risks that occur when they happen to them, in bitcoin of course we will feel all that frustration for me is a common thing in the world of cryptocurrency, so indeed this can be changed as long as we have which abilities we master include in trading skills and analyzing it is very important, therefore a mistake will make you more confident in what you are dealing with.

some people stop at failure and many people don't stop when they fail they focus on the future and believe in achieving success in the future,
I believe that many people have failed and they rise to success.

This is what is bad with giving up, those that give up too soon then will come back to the market and will try to make profits in it once the price of everything is overvalued and that is not the way to make profits, smart investors enter in market when there is a big drop or when there is not a lot of movement and sell once the market has appreciated significantly, this is why holding your coins is recommended as it is really difficult to time the market correctly and it is better to just wait until the market decides to go up.

I think this people has lack of patience that is why they tend to give up easily with the technical movements of bitcoin. They wanted to get profits so quick and obviously they don't want to hodl their bitcoins for too long, or maybe there are just an extreme need of money that's why they need to sell their digital currency quickly. Perhaps this people have their own reasons behind giving up so early and we should just respect them. This act will make them realized about holding their assets though, for greater profits in the future and they will surely learn somehow.

Probably lack of knowledge too, if they are knowledgeable, they would understand what bitcoin is, its nature and its potential, hence they will not be afraid of holding long because those investors who are enjoying their profit now are those who really trust the world "HODL".

Indeed. Others will find bitcoin interesting and worth it if they don't lack patience and knowledge about it. Most people wanted an instant profit, but bitcoin doesn't work that way, which is why they give up too early without knowing that bitcoin is worth the wait if they hold it in the long-term and understand its real value. I think many people have financial issues in life. Still, they don't need to rush themselves to earn considerable profit in an instant by just buying bitcoin; they also need to become independent, dedicated, diligent, and enthusiastic, just like working in a real job for them to get rich with it.

I think these people tried to invest fast on bitcoin without doing a little research in everything, we all know that cryptocurrency is complex and not easy to understand so if you lend your money that fast without knowing everything, you are taking risks of your money. Maybe you should study little information first so you can secure your funds. And when you are already knowledgeable you can try and if you fail, keep on trying because you might invest in such a project that fails also. Failure is natural, just do not stop and keep trying.

they invest too snappy and they fail and say im going to quit because btc is not what i expected too . that was the mindset of people that dont want to learn beyond the concept on why btc is created but they only foccus on the outside appearance  . not all have the same i.q but some are smart and can think fast , they know that btc can do more  , same to the old users that were already involved on btc but lets faced it that at some point of our lives we feel tired or got bored on the same sh8t happening , that could be the reason why they decide to quit btc but they can always come back soon if they wanted too

Many people plan to give up bitcoin after failing but there are many traders who try to overcome the failure and start investing in bitcoin anew there will be risks in investing in bitcoin you have to be patient and control your mind bitcoin will be a much better currency in the future when it comes to investing. success is possible only if you do not give up and use your experience to move forward.

At least to me one of the biggest problems with many people coming to this market is that their expectations are too high, this is not completely their fault, as exchanges and several other businesses use the possibility of making great profits almost overnight as a hook to try to get people to come to this market, and while obtaining those kind of results are possible that is the exception rather than the rule, and once they enter this market and they realize they cannot make the profits they were looking for they decide to take even more risks to make their dream a reality not realizing this is a sure way to lose all your money really quickly.

To survive here, it really takes a strong strategy and mentality. The strategy is determined by the ability to analyze the market, then strengthened by a winning mentality. Experienced investors and traders will have already prepared plan B if the predicted scenario does not turn out as expected. It is not easy to panic, this cannot be obtained easily, it takes a lot of practice, even losses to be able to form a strong mentality.

There must be people who stopped betting on Bitcoin, but I think that of the entire ecosystem that Bitcoin dominates it should represent 5% and I think it is a lot, really the Bitcoin hodlers have increased, a lot of investment by young people is being present , there is less fear, and adoption is a fact, you have to look at paypal the way it has determined to accept bitcoin. This and many payment platforms are going to adapt bitcoin to their means of payment.

From my own experience, I would urge everyone to hold their coins. I am the fool who sold 30 BTC in 2015, for $200 per coin. Just imagine what I could have done, if I had all these coins now. Not a day pass by when I don't regret about my decision. But then, we can't travel back in time and reverse our decisions. All I would say to the noobs here, is not to make the same mistake that I did in 2015.

Frankly speaking, it is a very good thing for us all that we cannot travel back in time. Just imagine if everyone could do so, and everyone would mine and hold their bitcoin without using it for transactions because they would know that it would supposedly cost billions in the future: it would have killed bitcoin at the very beginning! If Laszlo Hanyecz had never bought his pizza for bitcoin and held it instead, bitcoin would not have recognized as means of payment. People wouldn't have adopted bitcoin, it wouldn't have been used as payment on Silk Road, and wouldn't have attracted the attention of millions of people. Never regret your past purchases with bitcoin, because if you were merely holding it, bitcoin would never be valuable, and you wouldn't have anything to regret.