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Author Topic: Should I believe in Bitcoin ?  (Read 218652 times)
dihari
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January 16, 2017, 01:25:04 AM
 #2261

Should I believe in Bitcoin ?
I have 10k $ and maybe going to buy  , but I doubt the further development of Bitcoin and I'm afraid to lose money! Can you convince me or dissuaded from buying?
Believe in bitcoin is like believe on something you heard and learn everytime, but you try to ignore it. It's like believe in other foreign currency.
You believe it's work for others, but you are too afraid to believe it can works for you.
Whatever, you here in this forum for 1 year maybe and read everything about bitcoin everyday in this forum.
So it's your choice to believe it or not.

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January 16, 2017, 02:29:44 AM
 #2262

Well, everything is actually a risk but going with bitcoin, for me, is a well calculated risk.
Even using fiat is have a risk. Most of us didn't know that our value of money is decrease because fiat printing by government that make an inflation for fiat. We should thrust bitcoin because so many great country is start to believe bitcoin too.


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January 16, 2017, 02:42:52 AM
 #2263

perhaps now is a moment where your beliefs about bitcoin in the test. bitcoin prices down very quickly. for people who strongly believe in bitcoin, it's not going to panic, and still hold bitcoin they have, because they know that the price of bitcoin will rise again. Well, today has been a lot of selling bitcoin they have, and I do not think to sell bitcoin I have for now.
people who believe in bitcoin, they certainly would not panic when bitcoin prices fall, because they believe that prices will definitely go up as usual. and they think that this is the usual fluctuations
Well, we do not just believe in a thing that we do not have a knowledge. What I'm trying to say is that, if the price falls, we have to investigate the main reason why such happen and if we feel it's not that serious then we simply have to gain opportunity on the situation, buy cheap bitcoins as certainly it will rise as we have witness most of the time.

Exactly, you are very optimistic with such situations. Everyone should have that way of thinking because when bitcoins suddenly falls many newbies out there tend to think that it will be the end of their bitcoin career. But they don't know that it is just a normal thing with bitcoin because of its decentralization chances of falling its price after a pump is just normal, so nothing to worry about let's just keep on believing with it.
Bitcoin falls and rise, it's normal. Definitely you people have seen many times bitcoin is falling and where we are now? Aren't we still standing strong? For sure, if you will just strengthen you belief you can survive the crisis and you grow your investment as bitcoin grows.

For those people who had experience already with ups and downs of bitcoin, this type of situations are just going to be a normal ones for us. But still the worry of those new comers to bitcoin will just do the same as we pass through with it. So for those people that are new with bitcoin and saw the price to reach $1k. Just wait again folks it will reach it again to that price.

Most newcomers on experiencing the increased price will be happy to be the part and when they experience decreased value automatically a hesitation sticks to their mind whether it grows high or not. One who over come such mentality earns the best possible. So trusting bitcoin is on ones own hands though others teach it in the better ways.

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January 16, 2017, 04:21:44 AM
 #2264

Well, everything is actually a risk but going with bitcoin, for me, is a well calculated risk.
Even using fiat is have a risk. Most of us didn't know that our value of money is decrease because fiat printing by government that make an inflation for fiat. We should thrust bitcoin because so many great country is start to believe bitcoin too.

Why there are people who are scared of the risk with bitcoin. Actually the risk upon usage of bitcoin is not that really an issue or something to be scared of. As long as you are able to make your first profit with bitcoin in a legit way not with those scam HYIP's or cloud mining. Your belief with bitcoin is going to become stronger each day.

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January 16, 2017, 04:27:38 AM
 #2265

Well, everything is actually a risk but going with bitcoin, for me, is a well calculated risk.
Even using fiat is have a risk. Most of us didn't know that our value of money is decrease because fiat printing by government that make an inflation for fiat. We should thrust bitcoin because so many great country is start to believe bitcoin too.

Why there are people who are scared of the risk with bitcoin. Actually the risk upon usage of bitcoin is not that really an issue or something to be scared of. As long as you are able to make your first profit with bitcoin in a legit way not with those scam HYIP's or cloud mining. Your belief with bitcoin is going to become stronger each day.
The risk of investing in Bitcoin is somewhat high, compared to the risk of investing in the forex market, or the stock market, but the risks of investing in Bitcoin are certainly not so high compared to investing in altcoins or cloud mining, which is almost always a ponzi scheme.
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January 16, 2017, 04:59:57 AM
 #2266

Well, everything is actually a risk but going with bitcoin, for me, is a well calculated risk.
Even using fiat is have a risk. Most of us didn't know that our value of money is decrease because fiat printing by government that make an inflation for fiat. We should thrust bitcoin because so many great country is start to believe bitcoin too.

Why there are people who are scared of the risk with bitcoin. Actually the risk upon usage of bitcoin is not that really an issue or something to be scared of. As long as you are able to make your first profit with bitcoin in a legit way not with those scam HYIP's or cloud mining. Your belief with bitcoin is going to become stronger each day.
The risk of investing in Bitcoin is somewhat high, compared to the risk of investing in the forex market, or the stock market, but the risks of investing in Bitcoin are certainly not so high compared to investing in altcoins or cloud mining, which is almost always a ponzi scheme.
High profit of course high risk. Although the price of the bitcoin in recent days are likely to be down, but I still strongly believe that bitcoin will soon improve. This case is unusual. Remember, a few days before halving day, the price reach $900, but 3 days after halving day thus dropped to $600.
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January 16, 2017, 05:22:55 AM
 #2267

I think we should really believe in bitcoin specially that its price keeps on getting high,
And also a lot of people have some daily earning because of this crypto currency

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January 16, 2017, 05:50:20 AM
 #2268

I think we should really believe in bitcoin specially that its price keeps on getting high,
And also a lot of people have some daily earning because of this crypto currency
If you really believe in bitcoin, you will not only do it when the price is rising. A real believer shall not loss it's belief even if there's a crisis that's happening, instead it will strengthen it's belief because it the moment that we should be strong for us not to be tempted to panic selling our precious holdings. We will be tested and we have to surpass our doubts.

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January 16, 2017, 06:29:59 AM
 #2269

I think we should really believe in bitcoin specially that its price keeps on getting high,
And also a lot of people have some daily earning because of this crypto currency
If you really believe in bitcoin, you will not only do it when the price is rising. A real believer shall not loss it's belief even if there's a crisis that's happening, instead it will strengthen it's belief because it the moment that we should be strong for us not to be tempted to panic selling our precious holdings. We will be tested and we have to surpass our doubts.

You are completely right, no need to panic. You must be able to analyze. Each holder of Bitcoins is to analyze the news and realize that there is no reason to sell Bitcoin today. In the future, the price will grow
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January 16, 2017, 06:40:22 AM
 #2270

Yes, you should believe in bitcoin. If you are not believe in bitcoin why you still use it ?

What? seems like it's too way out on the OP's question.


I'm sure all bitcoin user also believe in bitcoins.

Sure? I think not. Not all that are using bitcoin believe in it, some are just after the profit. Nothing more.


 Actually you can see the price though, if the price of bitcoin going down so hard, it means people are not believe in bitcoin anymore.


Market don't just react that way, but people do. Panic selling happens all the time, when whales wants to make money, they do it and just drag the weak holders in the community to sell too, they are afraid to lose coz they might be owning small amount and nothing more if the price drives down very low. In short, the price is the one dragging the people to sell when there is a panic and not the other way around.

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January 16, 2017, 07:21:03 AM
 #2271

Well, everything is actually a risk but going with bitcoin, for me, is a well calculated risk.
Even using fiat is have a risk. Most of us didn't know that our value of money is decrease because fiat printing by government that make an inflation for fiat. We should thrust bitcoin because so many great country is start to believe bitcoin too.

Why there are people who are scared of the risk with bitcoin. Actually the risk upon usage of bitcoin is not that really an issue or something to be scared of. As long as you are able to make your first profit with bitcoin in a legit way not with those scam HYIP's or cloud mining. Your belief with bitcoin is going to become stronger each day.
The risk of investing in Bitcoin is somewhat high, compared to the risk of investing in the forex market, or the stock market, but the risks of investing in Bitcoin are certainly not so high compared to investing in altcoins or cloud mining, which is almost always a ponzi scheme.

We know that investing with bitcoin is risky but the fact that you are nothing to gain if you aren't going to take the risk. And if you are scared about ponzi's scheme you already grown up and you can identify that easily. It's too good to be true, bitcoin is real life. All of the legit ways on earning in bitcoin are already exposed and as well as the scams.

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January 16, 2017, 07:36:46 AM
 #2272

I use bitcoin during still profitable, but not for the long term. Before the bitcoin price drop in the some time yesterday, I'm very optimistic that bitcoin will continue to shine. Many people think that the price of the bitcoin is formed naturally, rather than the result of speculation which is controlled, but it turns out my hunch was wrong. I sure bitcoin can be controlled and speculated on.
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January 16, 2017, 11:47:13 AM
 #2273

I use bitcoin during still profitable, but not for the long term. Before the bitcoin price drop in the some time yesterday, I'm very optimistic that bitcoin will continue to shine. Many people think that the price of the bitcoin is formed naturally, rather than the result of speculation which is controlled, but it turns out my hunch was wrong. I sure bitcoin can be controlled and speculated on.


Yes, it is. Whales rule the world. And they control the price of Bitcoin. We just have to be flexible and wise to choose a time to sell and to buy Bitcoins
BingoDog
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January 16, 2017, 12:21:02 PM
 #2274

I use bitcoin during still profitable, but not for the long term. Before the bitcoin price drop in the some time yesterday, I'm very optimistic that bitcoin will continue to shine. Many people think that the price of the bitcoin is formed naturally, rather than the result of speculation which is controlled, but it turns out my hunch was wrong. I sure bitcoin can be controlled and speculated on.


Yes, it is. Whales rule the world. And they control the price of Bitcoin. We just have to be flexible and wise to choose a time to sell and to buy Bitcoins

I agree that whales influence the bitcoin price big time but still we shouldn't lose faith in bitcoin..It should be totaly independent and decentralized currency but we are all aware that in real life this is not quite possible and speculations are inevitable part of bitcoins market.

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vantyzz
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January 16, 2017, 12:50:42 PM
 #2275

I use bitcoin during still profitable, but not for the long term. Before the bitcoin price drop in the some time yesterday, I'm very optimistic that bitcoin will continue to shine. Many people think that the price of the bitcoin is formed naturally, rather than the result of speculation which is controlled, but it turns out my hunch was wrong. I sure bitcoin can be controlled and speculated on.


Yes, it is. Whales rule the world. And they control the price of Bitcoin. We just have to be flexible and wise to choose a time to sell and to buy Bitcoins

I agree that whales influence the bitcoin price big time but still we shouldn't lose faith in bitcoin..It should be totaly independent and decentralized currency but we are all aware that in real life this is not quite possible and speculations are inevitable part of bitcoins market.

Yes, everyone should be aware that he is part of the overall system. And do not panic. Bad news on the spread cryptocurrency those who do not believe in it. On this, too, do not need to pay attention.
I believe in the potential of Bitcoin. And yet my faith is hard to kill
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January 16, 2017, 01:30:27 PM
 #2276

I use bitcoin during still profitable, but not for the long term. Before the bitcoin price drop in the some time yesterday, I'm very optimistic that bitcoin will continue to shine. Many people think that the price of the bitcoin is formed naturally, rather than the result of speculation which is controlled, but it turns out my hunch was wrong. I sure bitcoin can be controlled and speculated on.


Yes, it is. Whales rule the world. And they control the price of Bitcoin. We just have to be flexible and wise to choose a time to sell and to buy Bitcoins

I agree that whales influence the bitcoin price big time but still we shouldn't lose faith in bitcoin..It should be totaly independent and decentralized currency but we are all aware that in real life this is not quite possible and speculations are inevitable part of bitcoins market.

Yes, everyone should be aware that he is part of the overall system. And do not panic. Bad news on the spread cryptocurrency those who do not believe in it. On this, too, do not need to pay attention.
I believe in the potential of Bitcoin. And yet my faith is hard to kill
Nice words coming from you, I hope you will live with it until the end. It's still early for bitcoin and yet we are already making a remarkable progress, but always watch out for big events in the future that could affect the value of bitcoin. No matter how many crisis will happen but your trust is strong you will be here until the end.

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noel2123
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January 16, 2017, 02:12:45 PM
 #2277

You should believe on it, but you cannot sure that bitcoin can last longer. For you needed a money earning process, you cannot assure that bitcoin can do a lot for you. It is just like a sideline for you to earn some easy way. We do not know if you can earn a lot of money in bitcoin

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January 16, 2017, 03:55:17 PM
 #2278

I think we should really believe in bitcoin specially that its price keeps on getting high,
And also a lot of people have some daily earning because of this crypto currency

Thats correct if you think of prices and the profits based on trading. Most of us are more interested in the price and when to sell/buy. Daily earnings can come from trading bitcoin/fiat or altcoin.

Believing in bitcoin is like accepting bitcoin to be the only sources of money. This will not happen anytime soon since 99% of us are using fiat and are comfortable with it.

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Drago2016
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January 16, 2017, 07:01:55 PM
 #2279

I think we should really believe in bitcoin specially that its price keeps on getting high,
And also a lot of people have some daily earning because of this crypto currency

Thats correct if you think of prices and the profits based on trading. Most of us are more interested in the price and when to sell/buy. Daily earnings can come from trading bitcoin/fiat or altcoin.

Believing in bitcoin is like accepting bitcoin to be the only sources of money. This will not happen anytime soon since 99% of us are using fiat and are comfortable with it.

You're right, with fiat comfortable. Because we can use it anywhere, anytime. But we must look to the future. And I am sure that in the future Bitcoin will strengthen its position. You just need to believe in it
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January 16, 2017, 07:08:54 PM
 #2280

Yes, you can believe in Bitcoin. But there are have a lot of possibilities to loose them. Today for example I don't count correct my transaction fees for miners and loose time and maybe BTC in my Electrum wallet. Once my harddrive was crashed and I loose all my BTC. Recovery worlds does not apply when I am tried restore my wallet. So you should be very careful when you store, sent, change etc your BTC


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