Does intent matter?

[SilverCryptoBullet]

Indeed, our sole purpose in coming to bitcoin is profit, nothing else. But many people don't dare to admit it and give hundreds of reasons that they care about decentralization, privacy...But no matter what excuses they make, they cannot hide their real purpose of making money.

There are people who passionate and dedicate their life for working on what they love and believe in. Like Satoshi Nakamoto and some Bitcoin developers, they perhaps did not create Bitcoin for profit (Satoshi Nakamoto) and did not contribute coding Bitcoin BIPs and related products for profit (Bitcoin developers after Satoshi Nakamoto).

The world is becoming more pragmatic, money is put first and without money we will have nothing in this world. Money and wealth are not just the goals of one person but of the whole world. So, you're right, there's no shame in admitting it.

That is partially true but people don't have to solely work for bitcoins, work for money but this partial truth implies reasons why some Bitcoin ogs turned to scammers. My explanation is they lost bitcoins which they got easily and cheaply in the past, then they regreted and wanted to get bitcoins back but when price was much higher, they decided to run scam projects for stealing money or bitcoins from the others.

[tread93]

There are a lot of new investors in the space currently. Almost everyone now knows of bitcoin. Some too well while some maybe not too much. But for the people who buy bitcoin, I am sure we all have different reasons for wanting to buy. Does the intention why you bought bitcoin in the first place matter?

I would say yes. If your intent is to keep up with the trends and make easy money then you are most likely to give up immediately and be attacked by FUD easily. But if you truly believe in bitcoin and its fundamental characteristics then you can stick with it against the bear market.

I think you almost have to believe in bitcoin to some extent to hold it and truly hold on to it. If you don't then you're likely to sell and you're nothing more than a casual investor looking to jump into market trends. And a lot of people do that, and there is nothing wrong with that. I think most people who have any significant amount of bitcoin understand what it is and why they're holding onto it whether that be for a hedge against inflation or because they see the crazy volititlity and get FOMO or they're just doing it because some smart guy who they think is smart told them to buy and hold on for dear life. I'd like to think that most people who hold onto bitcoin show some kind of interest and are learning more about it every day, but most people don't ever take it that far.

[Peanutswar]

There are a lot of new investors in the space currently. Almost everyone now knows of bitcoin. Some too well while some maybe not too much. But for the people who buy bitcoin, I am sure we all have different reasons for wanting to buy. Does the intention why you bought bitcoin in the first place matter?

I would say yes. If your intent is to keep up with the trends and make easy money then you are most likely to give up immediately and be attacked by FUD easily. But if you truly believe in bitcoin and its fundamental characteristics then you can stick with it against the bear market.

At first place yes because why you make an investment for sure there's a reason behind that right so if you dont have intention to join with the bitcoin or the crypto space but you make an investment you are just throwing away a money, and for sure on one would like to do that reason why people make a commitment, and invest at their knowledge and skills so forward they dont lose their money and dont get carried away with the hype of the market and the community, they make a plan before execution to assured the profit.

[irhact]

There are a lot of new investors in the space currently. Almost everyone now knows of bitcoin. Some too well while some maybe not too much. But for the people who buy bitcoin, I am sure we all have different reasons for wanting to buy. Does the intention why you bought bitcoin in the first place matter?

The intent doesn't matter but what matters is the reason you have after buying. You might have just wanted to feel among and follow others to do what they're doing but after buying and doing some research, you discovered the importance of hodling Bitcoin and then you begin to hodl. When this happens then the intent didn't matter. You can have intent of just buying and holding for few months but later decide that you want to become a long term hodler. The intent for holding Bitcoin can always change later but regardless of what your intent is for buying, always don't hesitate to buy. Just buy first and you can decide on when to sell in the future after making profits.

[Iamgoat]

There are only two groups of people those who understand what Bitcoin is and those who don’t. Those who understand Bitcoin see it as the best form of money humanity has ever had. They use it as a savings account to protect themselves from the inflation of fiat currencies and to preserve their capital. Meanwhile, those who don’t understand see it as just another scheme for speculation and quick profit. You can’t truly understand Bitcoin without understanding the fiat system and money. That’s why I recommend everyone to study the history and evolution of money

People who don't understand the concept of bitcoin in relations with the history of fiat and its evolution are the people who see bitcoin as a scheme of speculation and do not take advantage of the opportunity which comes with investing in it. Sometimes you can help those people who are ignorant of the way these financial systems operate, sometimes you cannot help them because some people have already created a different meaning to it and have allowed their mindset build a kind of perception around it which have created a shield between them and the adoption of the technology.

Bitcoin is the future and more people around the world needs to be abreast of this information. Although it is people who are interested that will eventually learn about bitcoin and we cannot force people to learn what they do not have interest in. The best we can do which we are already doing and will keep doing is to educate ourselves and people around us on the use, importance and benefit of bitcoin.

[Mahiyammahi]

Imagine the intent to buy bitcoin those ØG user's who bought them in few cents. This is the journey started and never stopped. If no one shows interest , try to buy this story of bitcoin wouldn't have to this further . You can explain bitcoin to newbie's but they will only learn it  when they actually buys it or they have the intent to buy it.

I will defenetly have a look this video you provided

[WhoYouCantKill]

I concur with you. The motive for buying counts a lot as it shapes the way you react the moment markets go rough. When a person goes after hype only, there will be panic on the first big drop. Though when such decision is made based on conviction, holding on to Bitcoin scarcity, it's decentralization, and the long-term role, which is more possible to hold firm during volatility
Conclusively: staying in power is mostly determined by intent.

[Byebyebtc]

Of cause intention of buying bitcoin do matters both for individuals and investors, the fact that there is a drive that made you invest your hard earned money, it will certainly matter. Majority have intentions of being financially stable, some have goals that they have in place to achieve, while some invest as a way to escape inflation and unstable local currency. So behind every investment there is an intention and it's also a drive so it will certainly matter 

[Abu-Naim]

I would say yes. If your intent is to keep up with the trends and make easy money then you are most likely to give up immediately and be attacked by FUD easily. But if you truly believe in bitcoin and its fundamental characteristics then you can stick with it against the bear market.

The intention really matters but who cares about it? I think it all depend on you because it is not something you will do publicly and announce to the general public in order to study your ways around your Bitcoin on weather you will hold for long or not; it all depend on you and how decide to manage your finance because you can intend holding for long and something serious might come up that will lead to selling off the Bitcoin you invested which isn’t that good because you don’t know the condition of the market then despite knowing the fact that Bitcoin price will always lead the crypto market.

How and when to buy, sell, and hold your Bitcoin depends on you and your source of income in my opinion because you own your Bitcoin and you will be in charge everything.

[Tungbulu]

I share in your thoughts, when it comes to Bitcoin, I think the intention behind buying bitcoin is worth considering, because that’s literally what tells how the investor’s reactions towards whatever move the market makes. For instance, let’s say someone just accumulated Bitcoin simply because it’s the latest trend or because someone told them they could get rich quickly with Bitcoin, they’ll definitely lack that conviction. And whenever the market does its thing, they’ll let their emotions take the best of them, and as well all know, no good decisions comes from such a state.