how obsessed with btc are you?

[famososMuertos]

OP; it seems to me that you see it as a hobby and not necessarily an obsession, which, depending on how you look at it, can be harmful, and like everything you say, it isn't. I would say it's normal. Well, in quotes to give your idea a bit of context. But the reality is that trade, to a certain degree of dispersion, can be harmful. Mining can be just as complicated due to various factors, such as economic ones. Obsessing over investing can be harmful. Likewise, investing (Hold) without thinking about your responsibilities—that is, do you really think you're obsessive?

[woez]

yep im pretty obsessed.

adrian

I like your statement above, but it's important to note that obsession can be negative once you've entered the financial space. The efforts you've made to deepen your knowledge by watching documentaries, buying merchandise, reading books, and even trying small-scale mining are all good and normal efforts for those who have joined this crypto space.

In my opinion, hobbies should also be healthy. Manage your time, be realistic, enjoy reading the news, and learn to keep up with global economic developments. Don't let your trading skills just revolve around your phone screen, looking at candlestick charts and experiencing FOMO.

OP; it seems to me that you see it as a hobby and not necessarily an obsession, which, depending on how you look at it, can be harmful, and like everything you say, it isn't. I would say it's normal. Well, in quotes to give your idea a bit of context. But the reality is that trade, to a certain degree of dispersion, can be harmful. Mining can be just as complicated due to various factors, such as economic ones. Obsessing over investing can be harmful. Likewise, investing (Hold) without thinking about your responsibilities—that is, do you really think you're obsessive?

Continuing the above and adding to OP ask, it's natural for obsession to sometimes become a problem if the OP isn't prepared for trading, for example, going all-in without risk management, or "holding" coins that lack potential and have no direction for growth. Today, BTC's decline continues due to selling pressure and geopolitical tensions that have caused a temporary decline, and this is where we will examine the philosophy of someone who is obsessed with whether they are relaxed or even panicking in the face of this situation.

[Luzin]

I like your statement above, but it's important to note that obsession can be negative once you've entered the financial space. The efforts you've made to deepen your knowledge by watching documentaries, buying merchandise, reading books, and even trying small-scale mining are all good and normal efforts for those who have joined this crypto space.

Actually, I don't have a big obsession, but I have a desire to have a large amount of BTC. Of course, in a good way that suits my abilities. So I think I'm not too obsessed, but I just want to have it because the value and future of Bitcoin look promising. So I can still control that. There are many news and reports that a great and uncontrollable obsession can be a bad weapon. Bad for our assets and bad for our future. Those who can't control it might have some financial issues or perhaps turn to crime.

[TravelMug]

i hope this is the right area to post. if not im sorry, feel free to move it.


so how obsessed with bit coin are you?

i think im pretty obsessed and i see why people call it culty.
i watch documentarys on youtube, watch movies when they come on streaming sites. buy books about it, buy bit coin merch , use it as much as i can to buy things, mine it on weak computers just for fun. play mobile games to earn a sat, check out forums, talk to people about it.

yep im pretty obsessed.

adrian

I wouldn't say the word is obsessed, but perhaps we already know that Bitcoin could be the key to unlock our financial prowess as we all know that it will give us financial freedom as we earn profits from it by simply stacking sats and holding it for years.

So that could be the motivation for all of us. Sure there could be someone who says that they are in because of the technology and the culture itself. But we all know that it has evolved so much already that it become the number 1 asset in today's world.

[TastyChillySauce00]

I'm so obsessed to the point I put almost my entire net worth in it, that's how obsessed I am, if bitcoin goes down then so do I and my entire portfolio, after all what's more obsessed than putting our entire net worth to bitcoin, it's like putting our entire lifeline and I'm getting a good result.

OP; it seems to me that you see it as a hobby and not necessarily an obsession, which, depending on how you look at it, can be harmful, and like everything you say, it isn't. I would say it's normal. Well, in quotes to give your idea a bit of context. But the reality is that trade, to a certain degree of dispersion, can be harmful. Mining can be just as complicated due to various factors, such as economic ones. Obsessing over investing can be harmful. Likewise, investing (Hold) without thinking about your responsibilities—that is, do you really think you're obsessive?

Exactly, I think OP is still on discovery phase, which I have experienced in the past, reading about bitcoin and all that. I can see bright future with OP honestly .

[goldkingcoiner]

i hope this is the right area to post. if not im sorry, feel free to move it.


so how obsessed with bit coin are you?

i think im pretty obsessed and i see why people call it culty.
i watch documentarys on youtube, watch movies when they come on streaming sites. buy books about it, buy bit coin merch , use it as much as i can to buy things, mine it on weak computers just for fun. play mobile games to earn a sat, check out forums, talk to people about it.

yep im pretty obsessed.

adrian

It is totally culty in the community. But it is far more interesting than a cult and it's behind something which is real and works.

But I do not really care for any merch because the profit goes to whoever sells the shirt instead of going into Bitcoin. I would rather sell my shirt for Bitcoin. Buy 10 shirts later.   

[Swordsoffreedom]

As far as I know, obsession means when we are obsessed with something to the point where we can't stop thinking about it, and affects our daily life.


That means if someone shows signs of constantly thinking about bitcoin and discussing it all the time, even in inappropriate places. Or overinvest in it, and become emotional every time the market fluctuates. It could be said that they’re people who are obsessed with Bitcoin, and I believe most of us here are obsessed with bitcoin.


But of course, not many people would dare admit that they are obsessed with bitcoin. Just like addicts, how many addicts dare to admit that they are addicted? 

[Free Market Capitalist]

so how obsessed with bit coin are you?

Not really. I would say that a while ago I was more “obsessed,” so to speak, but nowadays not so much. I guess it's normal to be fascinated by the subject when you first discover it, but not so much after you've been into it for a while. Besides, if you accumulate BTC with DCA, it's not as exciting as trading might be, and you reach your goals but in a more monotonous way.

[ThemePen]

Bitcoin criticism is natural especially now that it’s matured into something much bigger than a small tech experiment the points you raised are fair but they look different when you zoom in on how the system actually works. Big buyers like Michael Saylor holding a large stash do create concentration but unlike an exchange where coins are custodial and could disappear in hacks or misuse saylor’s coins are still under private keys and traceable on-chain it’s centralization of ownership but not centralization of control because nobody else can move those coins unless he decides to it’s different from exchanges where millions of user deposits are sitting in one basket and subject to operational risk.

As for the 21 million cap that’s almost sacred in bitcoin culture technically yes the code could be changed but it would need near-universal consensus and the community has shown many times it values scarcity above everything the moment a fork tries to inflate supply it loses the one thing that makes bitcoin unique credibility and that’s why such a fork would likely collapse in value forks already happened with btc/bch and later bsv and each time the fork coin became weaker while btc held dominance. So while the idea of forking to increase supply is possible in theory in practice it goes against the very reason people choose bitcoin in the first place forks only survive if they add value without breaking core principles that’s why btc continues to lead and forks that ignore fundamentals fade into irrelevance.

These are two main differences one between ownership and control and practical power of 21 million supply limit. Regarding ownership even though big buyers like Michael Saylor hold large amounts this is only centralization of ownership not control because their coins are secured by private keys and they cannot touch anyone else money. For supply limit 21 million cap is protected by community strong belief in scarcity. Changing code to increase supply would destroy Bitcoin unique credibility and value as proven by earlier attempts like Bitcoin Cash and Bitcoin SV which failed to keep up with original. Simply put Bitcoin design removes need for trust and keeps control decentralized even if wealth itself is concentrated and any change to its core scarcity principle will cause it to lose value.

[Ahli38]

so how obsessed with bit coin are you?

Not really. I would say that a while ago I was more “obsessed,” so to speak, but nowadays not so much. I guess it's normal to be fascinated by the subject when you first discover it, but not so much after you've been into it for a while. Besides, if you accumulate BTC with DCA, it's not as exciting as trading might be, and you reach your goals but in a more monotonous way.

Yes, you're right. I feel the same way, where I used to be very obsessed with Bitcoin in the sense that I was too obsessed in the negative way. And nowadays I'm no longer like that. But I still have an obsession only for my achievements in Bitcoin. And it will be my goal to accumulate Bitcoin by any means as long as it is still within my control. Obsession actually has two sides,where they are between positive and negative. However we must prefer to be on the positive side to maintain sanity. And perhaps this is what is being discussed here.

[bitterguy28]

I like your statement above, but it's important to note that obsession can be negative once you've entered the financial space. The efforts you've made to deepen your knowledge by watching documentaries, buying merchandise, reading books, and even trying small-scale mining are all good and normal efforts for those who have joined this crypto space.

Actually, I don't have a big obsession, but I have a desire to have a large amount of BTC. Of course, in a good way that suits my abilities. So I think I'm not too obsessed, but I just want to have it because the value and future of Bitcoin look promising. So I can still control that. There are many news and reports that a great and uncontrollable obsession can be a bad weapon. Bad for our assets and bad for our future. Those who can't control it might have some financial issues or perhaps turn to crime.

we all possess some need to have more money but some people are more obsessed about it in a way that makes them do anything that would make them money some people even steal or do anything unethical and they do not care if it harms themselves or others as long as they get to have money so if you act like this then you are obsessed otherwise i think it is pretty healthy to want to have money or in this case bitcoin

[Bastketsrus]

i hope this is the right area to post. if not im sorry, feel free to move it.


so how obsessed with bit coin are you?

i think im pretty obsessed and i see why people call it culty.
i watch documentarys on youtube, watch movies when they come on streaming sites. buy books about it, buy bit coin merch , use it as much as i can to buy things, mine it on weak computers just for fun. play mobile games to earn a sat, check out forums, talk to people about it.

yep im pretty obsessed.

adrian

I get what you mean. Once you fall into the rabbit hole, it’s hard not to get hooked. For me, it’s less about merch or movies, but I do spend way too much time reading forums, following price action, and talking about Bitcoin with anyone who will listen. It’s more of a daily habit now than an obsession, but I can see how it feels “culty” at times.

[jcojci]

It is good if you are obsessed with Bitcoin. You can learn many things about Bitcoin and use your knowledge to earn satoshi and have many. I am also obsessed and earning more Bitcoin in many ways because I want to use Bitcoin as a long term investment. We can learn many things from this forum and collect much information that can benefit us.

If we are obsessed with Bitcoin, we should know about accumulating Bitcoin using DCA methods because that is the right way to have more Bitcoin. Many people prove this as the best method so we should follow them and start buying Bitcoin.

[hero_the_bossman]

It is good if you are obsessed with Bitcoin. You can learn many things about Bitcoin and use your knowledge to earn satoshi and have many. I am also obsessed and earning more Bitcoin in many ways because I want to use Bitcoin as a long term investment. We can learn many things from this forum and collect much information that can benefit us.

If we are obsessed with Bitcoin, we should know about accumulating Bitcoin using DCA methods because that is the right way to have more Bitcoin. Many people prove this as the best method so we should follow them and start buying Bitcoin.

We need to be into BTC in a healthy way, though.

It should be an interest for knowledge and more opportunities, not a race for fast gain / so on.

I agree with you overall - but it should have its limits anyway.

[milanoital]

I follow BTC closely enough to understand market cycles, adoption trends, and key network developments—but I don’t let price swings dictate my every move.

[underwood77]

I follow BTC closely enough to understand market cycles, adoption trends, and key network developments—but I don’t let price swings dictate my every move.

I agree, I don’t look at the price anymore. Back in 2017 I used to check it every morning and was almost paranoid. Now, even if it dropped 50%, I’d actually be happy, because it would shake off those centralized institutions from Wall Street buying Bitcoin in suits and ties. I’ll HODL until I retire, and then pass on the remaining BTC as an inheritance to whoever I choose

[Abiky]

I'm not so obsessed. Bitcoin is currently facing criticism, which is quite reasonable despite all the advantages of the leading cryptocurrency.
Firstly, it's becoming less centralized as people like Michael Saylor are buying it up, accumulating it into a single pool.
Secondly, the number of Bitcoins could ultimately exceed 21 million. A central fork is theoretically possible when the community decides the time is right, and I'm sure it will happen, crashing Bitcoin's price.

I think you mean "less decentralized"? And yes, that's a huge problem that needs to be addressed. Concentrating most of the circulating supply among the hands of a few (powerful entities) will pave the way towards market manipulation. Even worse than what it is right now. Not only that, but it also opens the doors towards centralization because people won't be able to buy/sell without going through KYC. Especially when most of the coins are in the hands of centralized entities (subject to government laws/regulations). The core Blockchain being decentralized won't matter if it's impossible to get access to non-KYC BTC. Perhaps, the only way would be to mine BTC at home?

I know many early bitcoiners got obsessed (myself included) because of Bitcoin's decentralized and censorship-resistant design. But I'm afraid the "good-old days" are over. Don't get me wrong, BTC is still decentralized. But it's not the same level as it once was. I hope things improve for the better in the long run.