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Author Topic: DO PEOPLE STILL HAVE CONFIDENCE IN BITCOIN?  (Read 3885 times)
TravelMug
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September 09, 2018, 11:31:42 PM
#21

Why are many disturbed about the  drop in the price of bitcoin  Cool. Come on guys, this is the not the time to give up on this amazing digital currency. Although this year has been a very volatile year for bitcoin, but one thing has always remained whenever this amazing digital cryptocurrency goes down, it bounces back much stronger than it was before. This is hope that keeps most crypto enthusiasts like myself who are resilient and have compelled us to develop a strong faith in this amazing cryptocurrency called bitcoin. Please this is not the time to give up on this amazing coin.  Roll Eyes

If bitcoin doesn't enjoy the support of the people, we can see all the so called Flippening (ETH), Bitcoin Cash taking over or Rippening (XRP). Just look at those 3 altcoins, they are bleeding more than Bitcoin.

So absolutely, Bitcoin has the majority support. Most of us are complaining because majority haven't been in the bear market. They join early or late 2017, and really thought that wow, this is really a good investment to make. However, the price can't sustain the momentum from last year so everyone didn't know how to react in a bearish market that's why it looks like people are losing confident which is not the case.

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September 09, 2018, 11:32:13 PM
#22

With all the big names in the business industry accepting and adopting Bitcoin now a days, I think this should boost the confidence of most users. Companies like Apple, Samsung, BMW, and many more should make an impression that Bitcoin is legit.

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September 10, 2018, 01:24:06 AM
#23

Dude, I think you should go and read the two following articles, both are less than a week old...

Research Finds Investors Remain Bullish on Bitcoin Despite Bear Market
https://cryptoslate.com/research-finds-investors-remain-bullish-on-bitcoin-despite-bear-market/

Majority of Investors Want to Buy More Digital Currency in 2018, Survey Shows
https://cointelegraph.com/news/majority-of-investors-want-to-buy-more-digital-currency-in-2018-survey-shows

I know after reading these two articles you might change how you perceived bitcoin and cryptocurrency in general because the investors still want to invest.


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September 10, 2018, 01:49:49 AM
#24

sure people do have confidence in bitcoin if not i am sure this forum will not still be active as it is now. So you think just because bitcoin has gone offlate means it is going to crash and so people have lost confidence in it. bitcoin is strong and i believe it will bounce back soon.

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September 10, 2018, 01:51:16 AM
#25

I hope that what you say is true, if the price of the coin goes down it will bounce and rise higher than before, but is this opinion not too selfish
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September 10, 2018, 01:52:41 AM
#26

Why are many disturbed about the  drop in the price of bitcoin  Cool. Come on guys, this is the not the time to give up on this amazing digital currency. Although this year has been a very volatile year for bitcoin, but one thing has always remained whenever this amazing digital cryptocurrency goes down, it bounces back much stronger than it was before. This is hope that keeps most crypto enthusiasts like myself who are resilient and have compelled us to develop a strong faith in this amazing cryptocurrency called bitcoin. Please this is not the time to give up on this amazing coin.  Roll Eyes

I completely agree with you
It is necessary to be calm and not panic
The market must be fully supported
And work on spreading the idea.

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September 10, 2018, 02:04:56 AM
#27

you don't have confidence in bitcoin (believe in it, trust it,...) because of its short term price! you have confidence in bitcoin and its future based on its technology and how well that technology is working. the funny thing is that only to newbies who want to make money the price of these days seems "disturbing" otherwise anyone from outside or anyone with basic understanding sees a valuable decentralized currency which was worth $1000 last year and now is worth 6 times more and will be worth a lot more in the future.

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September 10, 2018, 02:06:26 AM
#28

Absolutely right thay people have confidence in bitcoin as the drop down of bitcoin and it's effecting to the market but bitcoin is a promising and people having confidence thats why holding and wait for it that it will recover.

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September 10, 2018, 02:07:40 AM
#29

Why are many disturbed about the  drop in the price of bitcoin  Cool. Come on guys, this is the not the time to give up on this amazing digital currency. Although this year has been a very volatile year for bitcoin, but one thing has always remained whenever this amazing digital cryptocurrency goes down, it bounces back much stronger than it was before. This is hope that keeps most crypto enthusiasts like myself who are resilient and have compelled us to develop a strong faith in this amazing cryptocurrency called bitcoin. Please this is not the time to give up on this amazing coin.  Roll Eyes
I understand the psychology of investors. I think the Crypto market is going down dramatically and many investors have been very scared. But I still think this is a good time to invest and hold a long term, if not enough patience to do it, we will lose a lot of profit.

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September 10, 2018, 02:12:26 AM
#30

Why are many disturbed about the  drop in the price of bitcoin  Cool. Come on guys, this is the not the time to give up on this amazing digital currency. Although this year has been a very volatile year for bitcoin, but one thing has always remained whenever this amazing digital cryptocurrency goes down, it bounces back much stronger than it was before. This is hope that keeps most crypto enthusiasts like myself who are resilient and have compelled us to develop a strong faith in this amazing cryptocurrency called bitcoin. Please this is not the time to give up on this amazing coin.  Roll Eyes

I guess people are just fed up with how the price is going back and forth wherein when the price goes up a bit, it would fall down hard again. It makes people think if it is worth investing on it and they may decide to just get their investments and find a more stable kind of investment opportunity because of how volatile the price is. Nonetheless, it would be more advantageous for the traders because it would be to their advantage as long as they understand what they are doing.

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September 10, 2018, 03:49:38 AM
#31

I think there are people who are disappointed with the current market now specially those who invested at around $20,000 price of bitcoin because they had lost huge amount. But i guess there are still lot of investors keeps on holding on because they are already used to the movement of the market.

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September 10, 2018, 03:57:04 AM
#32

Yes, I believe people still have much confidence in bitcoin as I write despite the bleed and fall in the general market cap, bitcoin still maintain a dominance of 55.5%. This has shown people prefer trust on bitcoin than any other coin.
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September 10, 2018, 04:01:27 AM
#33

Yes we do.
Listen, we really need everyone to hold their beliefs in bitcoin in order for the market to go back.
Right now too many hands are freaked out, we need a great come back in order to have a great run up in the future.
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September 10, 2018, 04:05:37 AM
#34

Why are many disturbed about the  drop in the price of bitcoin  Cool. Come on guys, this is the not the time to give up on this amazing digital currency. Although this year has been a very volatile year for bitcoin, but one thing has always remained whenever this amazing digital cryptocurrency goes down, it bounces back much stronger than it was before. This is hope that keeps most crypto enthusiasts like myself who are resilient and have compelled us to develop a strong faith in this amazing cryptocurrency called bitcoin. Please this is not the time to give up on this amazing coin.  Roll Eyes

I can speak for myself and many of the community members, we have not lost confidence in bitcoins and we never will. The people who loose confidence easily are the newbies who're obsessed with short term prices. If only they had taken efforts to understand that bitcoins is a futuristic technology, it's completely decentralised and most importantly it was 1k last to last year, and now it's 6x times higher, so I don't understand why they're loosing confidence.

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September 10, 2018, 04:10:20 AM
#35

People who bought bitcoin at highest level are loosing confidence. I also bought bitcoin at $12800 and i am waiting for upward trend in market and i alos believe it will happen.

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September 10, 2018, 04:13:38 AM
#36

Bitcoin can never lose confidence and interest of the people and now still with this less value the traders are trading and people are buying and selling things through this currency so we can say that bitcoin will ever useful and it's value can not be underestimated it can up in couple of minutes.

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September 10, 2018, 04:14:36 AM
#37

hahaha go to any exchange platform that you know and check out the bids for bitcoin then you can conclude whether people still trust in bitcoin or not. I do trust in my investments in bitcoin even though it is not anything huge.
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September 10, 2018, 04:24:46 AM
#38

None of the merchants I currently deal in Bitcoin with have told me they don't accept anymore.  I use 4 monthly services and they all take Bitcoin or Ethereum.  Everything is fine on our end.  Not everyone is freaking out about the price.  Some people are actually using Bitcoin vs trading it for Alts.

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September 10, 2018, 04:31:54 AM
#39

Why are many disturbed about the  drop in the price of bitcoin  Cool. Come on guys, this is the not the time to give up on this amazing digital currency. Although this year has been a very volatile year for bitcoin, but one thing has always remained whenever this amazing digital cryptocurrency goes down, it bounces back much stronger than it was before. This is hope that keeps most crypto enthusiasts like myself who are resilient and have compelled us to develop a strong faith in this amazing cryptocurrency called bitcoin. Please this is not the time to give up on this amazing coin.  Roll Eyes

In a trading-based trade, the price will go up and down that is something that is certain and we cannot tolerate, where fluctuating prices will increase the level of volume that will occur. In the case of bitcoin now why bitcoin continues to weaken, this is also likely to have a rejected issue in the ETF session yesterday and supported by technical factors, where prices are still in the demand area between the price range of $ 6000- $ 6300. when this price can break, it is likely that bitcoin will go back down to the price of $ 3000, but actually, if you see it directly bitcoin is still said to rise from the price of the previous year, so it can't be said that the price dropped dramatically if we can see it from the previous year Smiley

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September 10, 2018, 04:34:44 AM
#40

What is the future of Bitcoin? Will it become a mainstream currency, or will its popularity wane, and why?

Maybe you should listen to a couple of Billionaires and what they were saying about Bitcoin instead of asking the layman.

In the Lisbon Websummit conference, one of the biggest Silicon Valley icon,


Tim Draper who made over $1 billion by getting early on Twitter, Skype, Tesla had this to say:

he told Forbes:

"In five years, if you try to use fiat currency, they will laugh at you. Bitcoin and other cryptocurrencies will be so relevant... there will be no reason to have the fiat currencies."


Hedge fund legend Mike Novogratz on the other hand predicted last month that Bitcoin will hit $10,000 in the next few months time.

And he痴 not just saying it, he痴 putting his money where his mouth is with a $500 million crypto-fund.

Recently, after the short $1000 dip from the Segwit2x cancellation, he was also rumored to have bought $1520 million worth of Bitcoin. (probably less than 1% of his portfolio)


John McAfee - creator of the antivirus software predicts that Bitcoin will hit $500,000 within three years.

Mark Cuban changed his long term skepticism and invested in a Bitcoin ETN. But he said you got to pretend like you致e lost your money like collecting art or baseball card.

Bill Gates mentioned in 2014 during an interview that Bitcoin is Better Than Currency

Richard Branson Thinks Bitcoin is Working and is an investor in Bitpay a Bitcoin payment processing platform

Of course, there痴 no guarantees these guys will be right, but they池e the 1% and we池e the 99%. So who would you listen to?

Warren Buffett is probably one of the famous Billionaires who says Bitcoin is 典he Real Bubble

For me , I haven稚 heard of these types of bullish forecasts since the early days of the internet and tech bubble. Or you might have read the famous comparison to the Tulip mania.

But how can you still compare Tulip Bulbs to cryptos? Personally it doesn稚 make sense.

To understand why Bitcoin is a revolution and a brand new asset class that is completely different from stocks, bonds and other traditional currencies you致e got to http://thinkmaverick.com/what-is-bitcoin-cryptocurrency/
Thanks for sharing this about what people think about bitcoin. Bitcoin is still a working process. As days go by there are new advancement in the crypto world. Bitcoin has a lot to give and show in some years to come....

People believe in Bitcoin and the other crypto currency as a result of which they talks about it.

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