Did bitcoin adoption bring about trust even in dips???

[serjent05]

Lol like I said in the OP, many py really don't get the concept of Hodling. Did you know that having bitcoins in a wallet which you have full control over the keys for the slightest moment can be classified as hodling?  Though it's very short term. Owning bitcoins alone classifies you as a HODLER as long as you have full control of the wallet keys.

Hodl is emphasize as holding for the long term, ignoring the fact that the market is crashing or going down.  Hold is the better term if you are talking about holding a crypto in a short span of time.  Just look at the context how hodling (hodl) is use... even though it is misspelled holding, the context of the person saying I AM HODLING is holding it despite the crashes happening in the market during that time.

I type d that tyitle twice because I knew it was wrong the first time.  Still wrong.  w/e.  GF's out at a lesbian bar, BTC crashing WHY AM I HOLDING? I'LL TELL YOU WHY.  It's because I'm a bad trader and I KNOW I'M A BAD TRADER.  Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a millino bucks sure no problem bro.  Likewise the weak hands are like OH NO IT'S GOING DOWN I'M GONNA SELL he he he and then they're like OH GOD MY ASSHOLE when the SMART traders who KNOW WHAT THE FUCK THEY'RE DOING buy back in but you know what?  I'm not part of that group.  When the traders buy back in I'm already part of the market capital so GUESS WHO YOU'RE CHEATING day traders NOT ME~!  Those taunt threads saying "OHH YOU SHOULD HAVE SOLD" YEAH NO SHIT.  NO SHIT I SHOULD HAVE SOLD.  I SHOULD HAVE SOLD MOMENTS BEFORE EVERY SELL AND BOUGHT MOMENTS BEFORE EVERY BUY BUT YOU KNOW WHAT NOT EVERYBODY IS AS COOL AS YOU.  You only sell in a bear market if you are a good day trader or an illusioned noob.  The people inbetween hold.  In a zero-sum game such as this, traders can only take your money if you sell.

so i've had some whiskey
actually on the bottle it's spelled whisky
w/e
sue me
(but only if it's payable in BTC)

Just check the context and know the established meaning integrated into the word HODL.

Did bitcoin adoption really bring about people trusting bitcoin even in dips?

Isn't it obvious?  Once a person adopts something, it means he trusts it.  So adopting Bitcoin means people trust Bitcoin despite its high volatility.   Whatever the person reasons in trusting Bitcoin, may it be the technology or the liquidity of the market, Bitcoin adoption really has something to do with trust or belief.

[taufik123]

-snip-
Isn't it obvious?  Once a person adopts something, it means he trusts it.  So adopting Bitcoin means people trust Bitcoin despite its high volatility.   Whatever the person reasons in trusting Bitcoin, may it be the technology or the liquidity of the market, Bitcoin adoption really has something to do with trust or belief.

A belief or belief in the adoption of Bitcoin is the main foundation, whether it is technology, vision and mission of the future,
Bitcoin market liquidity and all of them will be interconnected to make the Bitcoin ecosystem grow.

The more adoption is done then it will be better.
Now, large companies are starting to buy bitcoin, either for long-term investment or as a supporting asset for their companies.

Bitcoin may also be used as a speculative asset due to its high price volatility and unclear regulation in some countries.

[dezoel]

Most of users and investors see the dips as an oportunity to get cheap coins, and not only that, we are waiting the coins to drop even more, while more they drop is a better oportunity for all.

So, I don't think the dips break the users trust, maybe is that way for a low amount of users but not for the mayority.

I also think that the decline in prices does not shake confidence because people who are familiar with trading understand all aspects of trading well. They wait for the market to drop because it's a good opportunity for them to buy. If the market keeps going up, new people will never be able to enter the market due to the fear that the market can drop at any time. And the beauty of the market lies in this, except for those who have already invested heavily and now only want to see the market go up and make as much profit as possible.

And there are only a few people who have already invested heavily and are not investing more, they are just watching their money grow in profit. It really becomes a problem for such people when the market drops, they get worried and regret that they couldn't buy at that time because they had already bought too much earlier.

So I also think that the majority of investors and traders see dips as opportunities to buy more and fill their bags with their favorite cryptocurrencies rather than losing confidence.

[Patikno]

Did bitcoin adoption really bring about people trusting bitcoin even in dips?

You come from Nigeria with ₦ that you have, you use ₦ as legal tender in your country and fully adopt it there, you can buy food, buy drinks, pay fees for services and any other payment. This is all part of adoption, so when the price of ₦ against $/€/£ drops, do you still use it?

Let me guess, you're definitely still using & hodling it, just like us in Indonesia who still use & hodl IDR even though the price in front of $ has fallen very sharply. An asset is valuable when a group of people agree that it is valuable, back to your question, did Bitcoin adoption really bring about people trusting bitcoin even in dips? yes, that's right.

[goldkingcoiner]

Did bitcoin adoption really bring about people trusting bitcoin even in dips?

I think so. But only when it comes to the veterans who have already burnt themselves by selling too early or at too low a price.They are the one's who have been in Bitcoin for a long time and understand that it is an amazing investment which can have volatile price fluctuations but nonetheless goes up steadily.

They also know how dangerous it is not to hodl.

The newbies might be more like panic-sellers until they become BTC veterans themselves and learn it is best to hodl.

[DiMarxist]

Everyone with their different reason and answer why bitcoin should be trusted not just the adoption rate tho, bitcoin adoption rate and trust is as a result of the information they get about bitcoin for example if a person talks about bitcoin investment definitely the person will mention the pros and cons, what they think about bitcoin and the dip can develop trust. It’s better they get to know what’s bitcoin and dip price rather than following the adoption rate.
Yeah, with the way bitcoin adoption rate keeps growing people might follow suit by investing even in bearish season knowing bitcoin will rise back.

[Onyeeze]

There's something from a false who is newly into cryptocurrency investment don't understand in cryptocurrency investment you need to understand that the more investors come in into cryptocurrency the more the price increases in the market and that is the scenario that brought demand and supply because increase in the mind will make the price of Bitcoin to increase to the extent that people will be afraid of the sudden increment of it price but when the supply is higher than the mind the market collapse that is why we do say is that we need more investors to come in into cryptocurrency so that it will help to Skyrocket the price

[Solokan]

Who said people don't panic? alot of people outside this forum are literally screaming because of the current movement of bitcoin having an inconsistent flow, the fact that you see people try to maintain their stand with bitcoin not complaining too much of the dips doesn't mean they are comfortable with it.

However, the current rate of adoption only increases the confidence we have in bitcoin but looking at the history of bitcoin the dips seems not to be considered an issue anymore only to some people but a reason or an opportunity to invest more in bitcoin and but because we have seen bitcoin we recover so much we trust bitcoin even in the dips.

It is very true what you say and it is true that when there is a decrease in the price of BTC, panic is always felt by many people, but of course there are also those who see the price of BTC going down, some are happy because they start buying BTC at a discount. Of course, for people who still hold BTC, seeing the price of BTC going down is certainly something that is undesirable, so of course there will always be feelings of anxiety, but for those who have insight and experience, of course they will be able to hold BTC firmly even though the price is going down and of course they will definitely only sell BTC. This is when you get a profit and of course for people who invest long term, of course they will be comfortable, but there will always be fear, but they will definitely be able to regulate their emotions and ultimately be able to hold BTC and ultimately get a profit from their investment in BTC.

Yes, the point is, for beginners who don't have the knowledge, this will always result in losses when investing in BTC, but for those who already have experience and knowledge, of course BTC price movements, even if there is a decline, will still believe in Bitcoin because the price decrease or the BTC price increase has a good cycle. Of course, it depends on whether we can use it or not.

Yes, the point is that many people are adopting BTC and when there is a decline or not, it will certainly make people believe in BTC, but it depends on each individual.

[Blitzboy]

Who said people don't panic? alot of people outside this forum are literally screaming because of the current movement of bitcoin having an inconsistent flow, the fact that you see people try to maintain their stand with bitcoin not complaining too much of the dips doesn't mean they are comfortable with it.

However, the current rate of adoption only increases the confidence we have in bitcoin but looking at the history of bitcoin the dips seems not to be considered an issue anymore only to some people but a reason or an opportunity to invest more in bitcoin and but because we have seen bitcoin we recover so much we trust bitcoin even in the dips.

It is very true what you say and it is true that when there is a decrease in the price of BTC, panic is always felt by many people, but of course there are also those who see the price of BTC going down, some are happy because they start buying BTC at a discount. Of course, for people who still hold BTC, seeing the price of BTC going down is certainly something that is undesirable, so of course there will always be feelings of anxiety, but for those who have insight and experience, of course they will be able to hold BTC firmly even though the price is going down and of course they will definitely only sell BTC. This is when you get a profit and of course for people who invest long term, of course they will be comfortable, but there will always be fear, but they will definitely be able to regulate their emotions and ultimately be able to hold BTC and ultimately get a profit from their investment in BTC.

Yes, the point is, for beginners who don't have the knowledge, this will always result in losses when investing in BTC, but for those who already have experience and knowledge, of course BTC price movements, even if there is a decline, will still believe in Bitcoin because the price decrease or the BTC price increase has a good cycle. Of course, it depends on whether we can use it or not.

Yes, the point is that many people are adopting BTC and when there is a decline or not, it will certainly make people believe in BTC, but it depends on each individual.

Bitcoin is dipping, and I see a lot of you getting nervous. That is reasonable, but to me this is where fortunes are created. The wise money and the major institution arent selling. They are buying. This dip offers an opportunity to acquire more Bitcoin at a low cost. Because they know, deep down, that Bitcoin is the future.

Now, if you're panicking every time the price moves, maybe Bitcoin isnt for you. This game is for those who can see the big picture and possess nerve of steel. Bitcoin is about tomorrow's potential, not only about the current value. Its about a more equitable, open, and generally accessible financial system. And thats something one should have hope for. Thus, keep strong if you intend to remain in it for the long run and if you think Bitcoin has great power. Dont let the naysayers and the short-term thinkers shake you out. The ones that stick on and have the vision to see what Bitcoin may really become are the genuine winners.

[Churchillvv]

✂️

It is very true what you say and it is true that when there is a decrease in the price of BTC, panic is always felt by many people, but of course there are also those who see the price of BTC going down, some are happy because they start buying BTC at a discount. Of course, for people who still hold BTC, seeing the price of BTC going down is certainly something that is undesirable, so of course there will always be feelings of anxiety, but for those who have insight and experience, of course they will be able to hold BTC firmly even though the price is going down and of course they will definitely only sell BTC. This is when you get a profit and of course for people who invest long term, of course they will be comfortable, but there will always be fear, but they will definitely be able to regulate their emotions and ultimately be able to hold BTC and ultimately get a profit from their investment in BTC.

Yes, the point is, for beginners who don't have the knowledge, this will always result in losses when investing in BTC, but for those who already have experience and knowledge, of course BTC price movements, even if there is a decline, will still believe in Bitcoin because the price decrease or the BTC price increase has a good cycle. Of course, it depends on whether we can use it or not.

Yes, the point is that many people are adopting BTC and when there is a decline or not, it will certainly make people believe in BTC, but it depends on each individual.

Bitcoin is dipping, and I see a lot of you getting nervous. That is reasonable, but to me this is where fortunes are created. The wise money and the major institution arent selling. They are buying. This dip offers an opportunity to acquire more Bitcoin at a low cost. Because they know, deep down, that Bitcoin is the future.

Now, if you're panicking every time the price moves, maybe Bitcoin isnt for you. This game is for those who can see the big picture and possess nerve of steel. Bitcoin is about tomorrow's potential, not only about the current value. Its about a more equitable, open, and generally accessible financial system. And thats something one should have hope for. Thus, keep strong if you intend to remain in it for the long run and if you think Bitcoin has great power. Dont let the naysayers and the short-term thinkers shake you out. The ones that stick on and have the vision to see what Bitcoin may really become are the genuine winners.

I can't really find where solokan said his panicking here because you sound like any of us here is afraid of the new steps of bitcoin which I can't figure out where you got the notion from because it's not obvious in the above statement which the other user said not does it had to do with my comment.

For your information I'm not panicking for any reasons but it's also true that they are people who are really afraid of the price volatility of bitcoin, most of them only invested in bitcoin for a get rich quick scheme so at every point where their bitcoins are losing value in their prestigious wallets they begin to panic basically because they are not well enlightened about bitcoin but are here basically for a huge imaginary profit that might only come true through long term investment.

Perhaps there will always be people who thinks the otherwise of bitcoin so it's in our court to play the ball wisely by grabbing the dips opportunities to buy and increase our stashes in our portfolio which is almost the motives of bitcoiners especially those of us that haven't gotten alot bitcoin already. regardless of all this we have come a long way to the extent that we now trust bitcoin even if the price goes side ways instead of panicking we all use it as a great opportunity.

[Onyeeze]

Did bitcoin adoption really bring about people trusting bitcoin even in dips?

There would have been more panic if the situation is one where bitcoin's value was dropping and then the number of people adopting Bitcoin was reducing with the number of people abandoning its increasing. The statistics would have been alarming for anybody who is investing in Bitcoin because Bitcoin actually needs people to grow. Due to the fact that there are more people adopting Bitcoin even though the value of the price has been fluctuating increasing and decreasing, it is a trust increaser, that it will do better later in the future.

The adoption of Bitcoin do make the value of bitcoin to be relevant, in normal sense people who values bitcoin will ever value bitcoin when the price is in dip, I think that anyone doesn't value bitcoin will not value bitcoin when it seems that bitcoin is in deep condition, we should ask ourselves that when Bitcoin wasn't influential across nations what makes people to value it and still invest on it, for me it's because of personal interest, anyone that have interest on bitcoin will forever value bitcoin even though bitcoin is experiencing a long dip they will still invest.

[aylabadia05]

<snip>

The adoption of Bitcoin do make the value of bitcoin to be relevant, in normal sense people who values bitcoin will ever value bitcoin when the price is in dip, I think that anyone doesn't value bitcoin will not value bitcoin when it seems that bitcoin is in deep condition, we should ask ourselves that when Bitcoin wasn't influential across nations what makes people to value it and still invest on it, for me it's because of personal interest, anyone that have interest on bitcoin will forever value bitcoin even though bitcoin is experiencing a long dip they will still invest.

Bitcoin's price volatility basically has little impact on its adoption as a means of payment. Everyone who receives bitcoins definitely knows how to manage their bitcoins, regardless of whether to sell them as quickly as possible or make them a long-term investment asset. Moreover, the case for using bitcoin as a currency is already a growing trend, so volatility will not have much of an impact on adopters because they just buy bitcoin and pay.

[MarjorieZimmermanGinger]

The adoption of Bitcoin do make the value of bitcoin to be relevant, in normal sense people who values bitcoin will ever value bitcoin when the price is in dip, I think that anyone doesn't value bitcoin will not value bitcoin when it seems that bitcoin is in deep condition, we should ask ourselves that when Bitcoin wasn't influential across nations what makes people to value it and still invest on it, for me it's because of personal interest, anyone that have interest on bitcoin will forever value bitcoin even though bitcoin is experiencing a long dip they will still invest.

Bitcoin adoption will have an impact on the value of trust and that is because people see bitcoin as increasingly in demand. People's trust in bitcoin is not only seen when the price goes down or up, but how they value the value contained in the investment because people realize that investing in bitcoin is one way to maintain value. When the price goes down it will not affect anything because bitcoin has a repeating cycle and that is if people understand bitcoin investment correctly.

As one example of how bitcoin was not so popular when it first appeared and that was because not many people invested in it and maybe there were still few people who understood bitcoin. But now bitcoin has become one of the investments sought by many people and this is because of the quality of bitcoin in terms of maintaining investment value.

[Webetcoins]

The adoption of Bitcoin do make the value of bitcoin to be relevant, in normal sense people who values bitcoin will ever value bitcoin when the price is in dip, I think that anyone doesn't value bitcoin will not value bitcoin when it seems that bitcoin is in deep condition,

What value is not relevant in BTC anyway? If its value is small, there are still people who will be attracted with it and if it's high, there are also. Maybe BTC itself will now be relevant to the many of who haven't heard of it before or thinks negatively about it. There are people who value Bitcoin only because they see BTC is pumping but once it dips, they will also fly away. They can still be newbies but OG Bitcoiners will always accept both sides, as they know that they can benefit on the both of it.

Those who don't value Bitcoin can include people who haven't heard about BTC yet, so obviously they won't also know if it's now pumping and they will now join it but for those who only hate the coin and still continues to hear news and monitor its price, their minds can still change once they hear or see that BTC value is now pumping up.

we should ask ourselves that when Bitcoin wasn't influential across nations what makes people to value it and still invest on it, for me it's because of personal interest, anyone that have interest on bitcoin will forever value bitcoin even though bitcoin is experiencing a long dip they will still invest.

And what makes them to be interested on it? They won't just occur but it is because of its technology. A dip is still understandable but when the time BTC doesn't have any value anymore, I'm sure that even the OG's and die-hard Bitcoin fans are going to quit their support on BTC.

[Ale88]

<snip>

The adoption of Bitcoin do make the value of bitcoin to be relevant, in normal sense people who values bitcoin will ever value bitcoin when the price is in dip, I think that anyone doesn't value bitcoin will not value bitcoin when it seems that bitcoin is in deep condition, we should ask ourselves that when Bitcoin wasn't influential across nations what makes people to value it and still invest on it, for me it's because of personal interest, anyone that have interest on bitcoin will forever value bitcoin even though bitcoin is experiencing a long dip they will still invest.

Bitcoin's price volatility basically has little impact on its adoption as a means of payment. Everyone who receives bitcoins definitely knows how to manage their bitcoins, regardless of whether to sell them as quickly as possible or make them a long-term investment asset. Moreover, the case for using bitcoin as a currency is already a growing trend, so volatility will not have much of an impact on adopters because they just buy bitcoin and pay.

I disagree with this: volatility was a problem and it is still a problem that is slowing down bitcoin's adoption. Bitcoin was born as a payment system but it turned into an asset, right now many people don't want to use it as payment form because the price fluctuates too much. I'm pretty sure in the future things will change but in my opinion volatility still affects bitcoin and its users.

[legendbtc]

Bitcoin's price volatility basically has little impact on its adoption as a means of payment. Everyone who receives bitcoins definitely knows how to manage their bitcoins, regardless of whether to sell them as quickly as possible or make them a long-term investment asset. Moreover, the case for using bitcoin as a currency is already a growing trend, so volatility will not have much of an impact on adopters because they just buy bitcoin and pay.

I disagree with this: volatility was a problem and it is still a problem that is slowing down bitcoin's adoption. Bitcoin was born as a payment system but it turned into an asset, right now many people don't want to use it as payment form because the price fluctuates too much. I'm pretty sure in the future things will change but in my opinion volatility still affects bitcoin and its users.

Bitcoin's volatility is only seen as an advantage for those investing in it as people can leverage it to make profits. But when it comes to bitcoin adoption and popularity, volatility is a barrier that slows down bitcoin adoption. The higher the volatility, the greater the risk and not everyone is ready or enjoys riding roller coasters like we do. To this day, many of my friends still don't like investing or using bitcoin because they don't like its volatility.

In general, depending on each person's purpose of using bitcoin, its volatility is an advantage or disadvantage. But I want to admit one thing that bitcoin is famous in the world and what makes people interested in it is its volatility and growth rate. Not many people care about its decentralized nature or its use as a currency, people are only interested in how to make profit from it.

[Ever-young]

How do you mean we don't have a place to spend Bitcoin directly? Bitcoin is a digital currency and according to its developer, Bitcoin is to be used for p2p transaction among the community who has agreed to use the coin. The whole world must not accept Bitcoin before you can agree that it has been adopted, Bitcoin ATM must not be very rampant before you agree that Bitcoin is being adopted.  I know that the number of people in the world that have not yet accepted Bitcoin are many but it doesn't limit Bitcoin's growth.

To add to that, no matter how popular Bitcoin adoption has grown to be, there are still people who won't see it as if it has reached anywhere or achieved anything. Just because we can't use Bitcoin to pay for the goods we buy in all grocery stores does not mean that there won't be someone who can still offer you that same service and accept bitcoin for payment. 
 
Everything is just a gradual process where Bitcoin is today is not where it was last 10 years ago and where we are going to see it again in the next 5 years to come won't be where it is today.
 
As time goes on, the adoption will rapidly increase up to the extent that it can early be used to pay for goods, just as gift card popularity has grown in so many places, but yet in some places and stores they still can't be used easily.

[icalical]

It is not hype that Bitcoin holders are confident in its dips, data from November 2023 shows that 70% of Bitcoin has not moved in more than a year , a sign of strong long-term holding. Institutional interest is growing, with companies now recognizing the value of Bitcoin on their balance sheets. Historically, Bitcoin bounces back during the month of October after September dips, which to many is a good time to buy. A long-term view, combined with solid fundamentals, is what drives trust to Bitcoin even on market correction.

[Dr.Bitcoin_Strange]

 
Everything is just a gradual process where Bitcoin is today is not where it was last 10 years ago and where we are going to see it again in the next 5 years to come won't be where it is today.
 
As time goes on, the adoption will rapidly increase up to the extent that it can early be used to pay for goods, just as gift card popularity has grown in so many places, but yet in some places and stores they still can't be used easily.

You are right, Bitcoin kept on growing right after it was built in 2009 and till date we can still say that the coin is getting a lot of attention from all over the world. Like I said before, everyone must not invest in Bitcoin before we must accept that the coin has become viral. What is even stopping some people from investing into Bitcoin is the fact that Bitcoin is not legal in their country. For any country that allows citizens to freely use Bitcoin, the rate of Bitcoin investors is usually high in such country.

[Saint-loup]

Generally, when it comes to the crypto space especially in the concept of Hodling coins, crypto holders and enthusiasts often anticipate bulls and almost no one wants to see a dip in the crypto currency of his interest. Yeah yeah , every one sings about hodling however some persons in-depth don't fully understand the concept of Hodling so I guess I'll start this discussion with that.

Most users often misquote having bitcoin in your wallet for a very long time probably a couple of years as what the concept of Hodling is about only. However having some bitcoins in your wallet for just a short period of time even as low as a minute can classify you as a HODLER. The concept is actually the fact that you having some bitcoins in you possession ( with having full control over the coins ) makes you a HODLER . However having those coins on an exchange doesn't count as hodling since you don't have total control over it.
Now bitcoin for a very long time has kept up with it's bullish trend unlike many volatile coins out there. For most coins people panic when in dips however in the case of bitcoin people don't panic when it comes to hodling bitcoin. That brings us to the big question;

Did bitcoin adoption really bring about people trusting bitcoin even in dips?

No, to "hodl" means to Hold On for Dear Life as it has already been said, so if you just hold some bitcoins for a short period of time, you can't say you are "hodling" them even if you are holding them in a self custodial wallet. The way you are holding your funds as nothing to do with this concept actually. It's just about your goal, if you buy some Bitcoins and you plan to never sell them or not before several long years, then you are "hodling" them actually. And I don't think so-called bitcoin adoption has brought more trust, if there are dips, it means people are selling Bitcoins massively, so it is contradictory to say they trust it more.