That's true. I guess they are just basing off past events to predict what may happen next. We should know that it's not how Bitcoin works. It keeps surprising us with events and up til now it never cease to amaze us. Whatever happens in this month we should be ready, may it be depressing or relieving. Of course, always stick to your plan if you have one! Always think before you do something.

Wow. This is the first time I saw the thread and I am encouraged with what the OP did and the encouragement on the replies. If only people will also start the habit, not only their physical health is good, but also their financial assets! I believe it's hard to quit smoking since my grandfather had a hard time cutting the habit, but great job on OP's discipline and truly your decision was worth it and you won't regret it.

IF only that happens. It's good to let the people know more about bitcoin and let them use it to see the benefits. The time will come that everybody is using it and let's see if governments and central banks would still insist not changing their point of view. It will be their loss especially the citizens are using it, they're not looking onto the bright side of having bitcoin. As long as it stays decentralized, it will be the hub of people for their financial assets.

Pandemic has been rough for everybody, and we find it hard to find solutions especially in the beginning where we all adjust and don't know what to do. Bitcoin has been there for us; it was a choice for us if we're gonna use it or not. In this pandemic, a lot of people have relied on bitcoin and used it for a while now. So if ever everything come's back to normal, I doubt that bitcoin will be affected negatively about it, since bitcoin is not really for the pandemic use only, and I believe a lot of people will realize this.

This is true in many ways. In bitcoin, don't find your dividend because it's not how that works. In investing in bitcoin, you hold your money, you control your money; you can decide anything as long as it's yours. Investing in Bitcoin is high risk since its price is volatile, but there are findings that bitcoin's volatility rate is decreasing. Still not the reason to be complacent.

Now that it has been mentioned, even if they are 'just celebrities' who don't know much about bitcoin, they still affect somehow people since they are influencers. Yes, their knowledge is not much about Bitcoin, cryptocurrencies, and such, unlike our investors and traders, but still it does have an effect on their followers. That might be effective since a lot of people will be reached out especially those who do not know things about cryptocurrency.

I am suggesting the same thread since you are here in this forum, start from the basics, and also, if you want to know more except from this forum there are now a lot of websites that discusses about bitcoin and posts updates about it. I also learned different terms I don't understand as a newbie in the beginner's thread, and also, you can also ask what you wanted to know in that, of course don't believe all that you read. it is important to cross reference always.

Personally speaking, seeing Bitcoin's state now compared to years ago, it's really a lot better. I can't complain about its price only a half of a hundred thousand, since we really cannot do about it. I think instead of complaining of its price, which we can't control, we should focus on what action can we do about it. Bitcoin is unstable, and this is beyond our control, and we all know that we really can't do anything about things that we can't change.

It is true that patience is not enough, but what else do we need to know? As what you have said I can say that you want to tell the others to be wise on the crypto you are holding your money to. Don't just randomly put your money to different crypto, ask the others, search in the net about the coin. Besides patience, you need wit and tactics. It's money we are talking about after all.

It can't be avoided. It's frustrating every times and there will be moments that you may not want to sell anymore but that's the lesson. Of course you should learn the next time, and don't try panic selling just because the price is not looking good. It's really good to have a plan and stick to it, no matter what. If you have no goals then surely you look like wandering and you don't have a track to go to.

I am thinking the same thing. What if bitcoin will be implemented all around the world, what will happen to third world countries? I think even if it is a good thing for most of the people, it will be kinda problematic to some countries. Also, without fiat, how can we know a certain price of something? Fiat pretty much symbolizes every country, cause it has its own value, and own name. Maybe countries don't like bitcoin because of that.

That's so disappointing.  Instead supporting the country to welcome innovations and new knowledge that may be useful to its citizens, they are the obstacle itself to prevent its citizens to success. They are blind in seeing bitcoin as an opportunity to the country and do they not know that it is very beneficial to know these kinds of things? It opens minds of people who are stuck in terms of financial crisis.

I'll agree to what you said. Despite Bitcoin's continuous growth in number of people using it and its price, it won't replace banks just because we think it is more dominant or useful to us. Banks existed a long time ago and the concept of it why do we have up until now was established from before. No one will replace the other, as they are both essential to the economic functions we have in our current system.

With the Bitcoin's price today surely there are lots of transaction happening globally but some actually don't suffer from that. There are actually bitcoin wallets application that has many functions; and you can even process different types of transactions.


I use the same app and it is really good actually because transactions are faster than the others. Converting from fiat to btc and vice versa is smooth in the app.

Same thought. Even with bitcoin's current status, we still can't conclude anything after all, especially of it's bitcoin we're talking about. I have seen a thread in this forum that the volatility rate of bitcoin is going down these days, but we can't trust on it. Yes, bitcoin has been a lifesaver for some but can't still replace fiat. We should just keep on investing in bitcoin and don't worry, this is the only start of the long journey bitcoin will take.

This is true. I don't know what's the deal of the accounts randomly posting comments on social media platforms about crypto and they are mentioning the same person about it, but definitely I won't believe in them. First, the posts are all the same, copy pasted from one source, and we don't know who that is. Also, It really looks like a scam and also the accounts who post it. So instead of people encouraging to use bitcoin, it became annoying to them, without knowing if it is real about what it is saying about crypto. If we want to convince people, we should start teaching them properly about it.

I also think that might be the case. As a person who have seen bitcoin's proce before a long time ago it kinda discourages me that there are only few people who knows of this great cryptocurrency and it should not be a waste. It will really benefit old users and of course newbies who recently invested in bitcoin because if it's not that volatile, then users will not bother if the price goes down than we have expected.

We're really not sure about that. We all know how dollar lasted, and bitcoin, a cryptocurrency (we all do know that its price is unstable) will be reigning over it. Bitcoin is not even known yet by the whole world. It has a very long way to go before we can say the statement the OP has stated. There are lots of factors to consider before this can be concluded.

It's a good thing you have seen the importance of bitcoin and you became interested in it. If you are willing to expand what you know about bitcoin then you bave achieved the first step. Joining in this kind of communitt will also help you to understand more about it and you can always check the beginner's thread to be familiar in this forum, Just read more topics about bitcoin and actually there are lots of online courses that may help you about bitcoin.

You know that it can be used for large transactions and of course to the merchants and companies who accept it as a payment. We are practically in the beginning of a long journey of bitcoin; we should understand that it is still unaccessible for countries who ban the use of it, and also those people who merely just can't access it due to their status. We can't conclude to the statement that it failed as a money.