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Author Topic: Do you have a reason to stay?  (Read 1557 times)
Tylev
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February 06, 2019, 05:32:04 PM
 #61

My main reason why I need to stay in bitcoin is I want to become millionaire or to have a lot of money. That's only reason why I am still here and I hold most of my bitcoin because I know somewhere in this year or maybe next year the price of bitcoin will rise again up to $20000.
We are unlikely to become millionaires by working with cryptocurrency. The situation is constantly changing and our chances for this, it seems to me, are constantly falling. Bitcoin is unlikely to grow in price enough to turn those who buy it at current prices into millionaires. However, the cryptocurrency as a whole is a very profitable occupation, it can still bring us a good profit, the market will grow and fall more than once. Therefore, it is not worth going anywhere from cryptocurrency. We must patiently wait for the next rise of the cryptocurrency market.
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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pawanjain
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February 06, 2019, 05:45:37 PM
 #62

Those who invested in bitcoin way back 2009 had not experienced any bull run before nor have much knowledge about the blockchain technology, yet they took the risk to invest. You and I have witnessed a bull run and heard about the numerous potentials of crypto so why do we still have to feel reluctant to invest in bitcoin. Let's be optimistic about our digital assets because its all we have.

It's an one-sided version of the story and doesn't really reflect on what the community thinks. What made you think that the people who had invested back in 2009, don't have any technical knowledge?? I would rather say, those people were actually more knowledgeable about blockchain than all newbies combined here! They are the ones who actually believed in the technology and not though much about the pricing of it.

Rather, those who have invested in 2017, a majority of them are speculators who don't have any technical knowledge. Majority of them had invested in bitcoin because they wanted to make money and didn't care much about the technology.
Agree on the 2017 people's point. Most of the people who invested in the year 2017 were just speculators who invested blindly in bitcoin without actually doing any research.
This is what lead to the sudden surge in price. Bitcoin grabbed many people's attention in that year due to the sudden increase in price.
Even the people without much knowledge about BTC invested and are suffering now. I believe that people who invested earlier had greater faith on bitcoin's potential.
This must be the reason why they invested and are enjoying the higher returns now.

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February 06, 2019, 06:12:32 PM
 #63

I'm not reluctant to invest and I have a reason to stay. I don't understand people who are afraid to put their money into something that lost 85% of its value. What's the worst thing that can happen? It will lose another 5%? We all know it will never go to 0 and chance of it going below 1000 is so small I wouldn't bet on it.  Bitcoin is an incredible gift to humanity and I only hope we will appreciate it.
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February 06, 2019, 09:45:16 PM
 #64

That's what surprises me the most.
Like you are not investing blind, you've got a short but history behind your back, so what's the problem?
That happens either when people do not want to educate themselves or they've got some mercenary plans to slander crypto.
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February 06, 2019, 11:10:37 PM
 #65

Yes! aside waiting for my investments into bitcoin and other cryptocurrencies to grow i want to see that one day and in the near future crypto is finally made legal so that we can use it to make transactions in our daily lives.
Exactly.We still aim the best for crypto not just for the profits we get from it but it would also be very satisfying that at the end of the day,using of cryptocurrencies would become legal in most of the countries so that we can utilize our earned cryptos to buy goods and medicines too.
Crypto is not just for investment but it is considered as a currency just like of fiat money.  We can only utilize those cryptos we have if it is accepted by the establishments but for now, only few of them have been accepted( leading coins in the market).  We are still in the developing period and I believe it will soon to be widely used and accepted by any means of transactions.

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February 07, 2019, 12:36:40 AM
 #66

Those who invested in bitcoin way back 2009 had not experienced any bull run before nor have much knowledge about the blockchain technology, yet they took the risk to invest. You and I have witnessed a bull run and heard about the numerous potentials of crypto so why do we still have to feel reluctant to invest in bitcoin. Let's be optimistic about our digital assets because its all we have.
For those who want to leave crypto, immediately leave and for those who believe in crypto, hold on. All that is needed for everyone to be able to participate in the crypto world is trust, without trust, someone will only get pressure. So start with trust and then we will be able to go through various situations comfortably and calmly.
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February 07, 2019, 01:07:24 AM
 #67

Those who invested in bitcoin way back 2009 had not experienced any bull run before nor have much knowledge about the blockchain technology, yet they took the risk to invest. You and I have witnessed a bull run and heard about the numerous potentials of crypto so why do we still have to feel reluctant to invest in bitcoin. Let's be optimistic about our digital assets because its all we have.
I dont believe people don't want to buy. People want to buy but want to be sure that their asset will retains its value or rather increase it and not lose its value. more so, there is not clear explanation for the price dump and that itself could be frustrating.

Their assets will increase in someday, but with the long bear market, they become worried, and some of them was leaving the market for a while. Meanwhile, some people who can cash out with a lot of money, and now they are ready to buy a big amount because the market has got a big discount for every coin. Every people wants to stay, but it depends on how strong their will for staying in this bear market.
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February 07, 2019, 01:09:32 AM
 #68

To have invested back in 2009 would have made you probably a millionaire by now but you would also be very intelligent.
Anyone who really invested 10 years ago is well off to the point that they arent spending their says posting on a message board about how they wish they invested many years ago.
My main reason for staying is because Im so in debted as is that to walk away now would not be too smart.

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February 07, 2019, 01:48:35 AM
 #69

To have invested back in 2009 would have made you probably a millionaire by now but you would also be very intelligent.
Anyone who really invested 10 years ago is well off to the point that they arent spending their says posting on a message board about how they wish they invested many years ago.
My main reason for staying is because Im so in debted as is that to walk away now would not be too smart.

They are lucky to have bitcoin 10 years ago and makes them millionaire. Hopefully it would happen to us 10 years from now.  It is a big challenge for us if we can manage to stay any longer and aren't be affected from the bad news spread around.  Who knows that 10 years from will  prices will be like that of 2017 hypes, it's a big money by then.  



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Rainbot
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February 07, 2019, 03:07:13 AM
 #70

because I still have hope that times will change, the digital era will increasingly penetrate human life. plus I have invested my money in BTC, the total calculations actually did not experience a loss, because from buying bitcon in October 2014 the value of my bitcoin assets has increased a lot, and I have drawn the balance of profits and capital. So the rest that I hold now is an advantage, but with the current conditions, honestly I also feel sad, because the asset value seen in mid-2018 has fallen sharply. but I still believe that this condition will improve, I still have high hopes for the moment of bitcoin "halving".
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February 07, 2019, 04:48:55 AM
 #71

~snip~
Who knows that 10 years from will  prices will be like that of 2017 hypes, it's a big money by then.  

10 years from now, it's a long wait so definitely by that time we already have a new all time high.
ATH was achieve in less than a year and that is because bitcoin is bullish, so what we need is just a bull run and after this long
correction which until now we are still witnessing, I think the bounce back will be big and I'm guessing in less than a year we could have a new ATH.

Do I sound realistic? I believe I do, because I'm entitled with my own opinion.

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February 07, 2019, 05:24:36 AM
 #72

Those who invested in bitcoin way back 2009 had not experienced any bull run before nor have much knowledge about the blockchain technology, yet they took the risk to invest. You and I have witnessed a bull run and heard about the numerous potentials of crypto so why do we still have to feel reluctant to invest in bitcoin. Let's be optimistic about our digital assets because its all we have.
Nope this is not all we have because aside from digital assets we have other physical assets such as house and cars ,but you are right about us being witness to the progress of cryptocurrency not like those who invest and trust crypto specially bitcoin wayback 10 years ago

This is what we all need now,being a supporter and bitcoin holder let us boost each other to continue help the crypto community to progress and stop spreading Fud and Lies about this digital currency
Those fake news, fud, and lies about bitcoin can really affect the market if we believe that news spreading all over social media. We all know that social media is really powerful and can influence people. The reason why I am still staying is it because I know there will be the right time for the crypto world to recover again its market and all of us will have good financial freedom in the future. Why not? There is always a possibility as long as we stay and hold all the coins that we have.
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February 07, 2019, 06:15:08 AM
 #73

We already witnessed bitcoin's big potential in the past like the bullrun that happened in 2017 so there is really a reason to stay and keep supporting the cryptocurrencies. I believe that the current situation in the crypto market will end at the right time before the start another round of bullrun. What we need now is more patience while waiting for the market to become bullish again.
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February 07, 2019, 06:22:33 AM
 #74

We already witnessed bitcoin's big potential in the past like the bullrun that happened in 2017 so there is really a reason to stay and keep supporting the cryptocurrencies. I believe that the current situation in the crypto market will end at the right time before the start another round of bullrun. What we need now is more patience while waiting for the market to become bullish again.
Well i think we all know that bitcoin is really an amazing ways to earn and from the past year there are so many people that earn a huge amount of profit on it that is why people really wanted more bitcoin to hold on this dip because we know that the price is unstable and we can maybe earn big amount if we are going to hold and wait for the bull run to start again. We all have a dream and I believe that bitcoin can really make our dreams come true if we believe on it.
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February 07, 2019, 07:05:53 AM
 #75

Those who invested in bitcoin way back 2009 had not experienced any bull run before nor have much knowledge about the blockchain technology, yet they took the risk to invest. You and I have witnessed a bull run and heard about the numerous potentials of crypto so why do we still have to feel reluctant to invest in bitcoin. Let's be optimistic about our digital assets because its all we have.
I came here in this Bitcoin community and industry because I heard something that it will give financial freedom. I am so glad I met Bitcoin because it slowly changed not only my life but also my family and friends who listen to what I've told them about it. I don't care about bull run but sometimes we need it for good profit. I feel convenient using Bitcoin as a currency most especially payments online.



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Rainbot
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February 07, 2019, 07:08:25 AM
 #76

Yes! aside waiting for my investments into bitcoin and other cryptocurrencies to grow i want to see that one day and in the near future crypto is finally made legal so that we can use it to make transactions in our daily lives.
Exactly.We still aim the best for crypto not just for the profits we get from it but it would also be very satisfying that at the end of the day,using of cryptocurrencies would become legal in most of the countries so that we can utilize our earned cryptos to buy goods and medicines too.
Crypto is not just for investment but it is considered as a currency just like of fiat money.  We can only utilize those cryptos we have if it is accepted by the establishments but for now, only few of them have been accepted( leading coins in the market).  We are still in the developing period and I believe it will soon to be widely used and accepted by any means of transactions.
Traditional payment methods are not effective,reliable anymore so looking for alternatives will solve current problems caused by this system. Blockchain technology is future of payment systems and there are dozen of companies which wait for this revolution.
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February 07, 2019, 08:49:53 AM
 #77

Those who invested in bitcoin way back 2009 had not experienced any bull run before nor have much knowledge about the blockchain technology, yet they took the risk to invest.

     What do you mean when you say they have no technical knowledge? You probably mean that in 2009 there were not so many sources of information referring to the crypto market and its new innovations. I believe that those who have invested since the beginning of the crypto market are more knowledgeable people who have formed the quality of crypto investors along with the development of the market. Regarding risk, if you do not risk, you do not win.

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February 07, 2019, 10:00:20 AM
 #78

Those who invested in bitcoin way back 2009 had not experienced any bull run before nor have much knowledge about the blockchain technology, yet they took the risk to invest. You and I have witnessed a bull run and heard about the numerous potentials of crypto so why do we still have to feel reluctant to invest in bitcoin. Let's be optimistic about our digital assets because its all we have.
I dont believe people don't want to buy. People want to buy but want to be sure that their asset will retains its value or rather increase it and not lose its value. more so, there is not clear explanation for the price dump and that itself could be frustrating

It doesn't matter what people want

As it is what they actually do which counts in the end. People want to buy at the bottom, and this is what your "people want to buy but want to be sure that their asset will retains its value" essentially boils down to. But who is to pay for the party? If everyone wants to buy at the bottom (which is understandable), who is going to push the prices up really? You see, prices can't grow without someone buying all the way down or up the road

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February 07, 2019, 01:12:49 PM
 #79

there is a reason for me to stay in the bitcoin forum all this time and leave it is not easy I think and I myself have been living and studying here quite a lot and long and I lose if I have been walking for a long time I just leave it to stay despite many obstacles dibitcoin I still survive that's my reason for staying here
There are lot of reason to stay here because there are many knowledge where you can get from other and share for those who are open to learn. Price on the market always change and those who leave might lose the chance to win again and regret for not staying. Bitcoin forum is where I got part time job and not only extra earning is what I gain but also how to handle investments and how you are going to choose though it is hard to avoid scams. These is part of my life, and I will stay to support bitcoin.

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February 07, 2019, 03:09:08 PM
 #80

Approximately 21 million coins will be mined and factoring out the lost bitcoins, there potentially only 19 million btc to be made available for billions of people. As I see it, bitcoin will definitely be valuable in the future if it gets mass adoption so this is a reason big enough. It doesn't matter if we're  in a bear market now or for the next few years.

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