Bitcoin believers/investors are foolish or low IQ people ?

[Silberman]

Few months back when I was reading this forum, somebody said Bitcoin investors and supporters just think of Bitcoin $5000 or $10,000 or $40,000. They do not know anything.

$1 to $5000 in 10 years and Bitcoin people still say Bitcoin is an investment and not super-HYIP or ponzi.

My website: https://dangerousmother.com (for real world out there)

Talks of Bitcoin as global currency and Bitcoin taking over Gold and Silver.

Just like billionaire Warren Buffet who keeps saying buy Apple inc. shares and other shares and thereby pushing DOW Jones to 25000 with the help of financial cartel because people are too foolish and they believe in $1000 to $10,000 in 12 years.

Do not worry in 10 years we will know who was right, those that are holding bitcoin or people that believe it is a form of scam, if I am mistaken I will have no problem admitting that I made a mistake but I wonder if all of those that are saying that bitcoin is a scam are going to accept it, after all if they are wrong then that means they wasted their opportunity to make a fortune doing almost nothing.

[Leh-Meh]

Do not worry in 10 years we will know who was right, those that are holding bitcoin or people that believe it is a form of scam, if I am mistaken I will have no problem admitting that I made a mistake but I wonder if all of those that are saying that bitcoin is a scam are going to accept it, after all if they are wrong then that means they wasted their opportunity to make a fortune doing almost nothing.

Last week, some details of the Anti-crypto bill “On the prohibition of cryptocurrency and the regulation of official digital currencies”, which has been under development in India since last year, has become public. In particular, it is stipulated that Indian citizens convicted for carrying out operations with cryptocurrency face up to 10 years in prison.

It is proposed to apply punishment to persons "directly or indirectly associated with the extraction, generation, storage, sale, transfer, sale, issuance and conclusion of transactions with cryptocurrency." The possibility of release on bail under these charges is not provided.

https://bitcointalk.org/index.php?topic=5155417.0

[beckspace]

Bitcoin market is a volatile market, all investors know that it contains high risk. There are many factors in this market that affect the rise or fall. Investors' price estimates are often unrealized but the investor has taken personal risks. I think,  talking about the IQ of Bitcoin investors is an irrational idea. And investors in this market aren't different from those who invest in other markets, even more innovative and see the future well.

[sana54210]

How could you address them as a low IQ people if they are making more income compare to a regular wage earner? I am not saying that those people who are regular wage earner are low IQ or what ,But don't you think that they know more that is why they are here and they know the potential of crypto that is why they invested on it? Foolish ? LOW IQ? I don't think so people have been earning more in crypto and it have help so many people to change their life.

An American paid $179,000,000 for a naked painting. Hard earned money goes to useless people because of gambling/ponzi/casino and serious mental illness at high levels.

Average earner people will not spend $179,000,000 for a naked painting, if someone does it is surely an excess of their fortune. They are not low IQ people just because they spent that big. If I have nothing to spend my money with and I have tons, i can go to the sea and feed them to the fish but nobody can define me as low IQ for doing it. We spend money according to our resources. Crypto investors have high IQ according to my opinion, they perceive what normal people do not and because of that a lot of them have been millionaires.  

I know we actually have some low IQ investors of cryptocurrency, but the op cannot generalize everyone has a low IQ investors for holding on tight to their investment in a project that they believe in. the reason why I believe we have some low IQ are some things that I have seen that makes me wonder if this person has any brain for taking such action or not.

A low IQ person is one that makes an investment without being sure of the project through research, and investing blindly by putting in so many dollars without also minimizing the risk of it. I think a mate posted this recently about a Chinese man that died after using millions of dollars to trade, so you think that one is smart? I really see him as a low IQ believer for using such amount of money as investment once.

[Yutikas_11920]

Bitcoin market is a volatile market, all investors know that it contains high risk. There are many factors in this market that affect the rise or fall. Investors' price estimates are often unrealized but the investor has taken personal risks. I think,  talking about the IQ of Bitcoin investors is an irrational idea. And investors in this market aren't different from those who invest in other markets, even more innovative and see the future well.

well, the difference in place of trading is natural, the similarity of those who invest in bitcoin and those who don't invest in bitcoin is that they all try to make profits and grow the assets they have, IQ is not an important problem if you want to invest.

[Naida_BR]

Few months back when I was reading this forum, somebody said Bitcoin investors and supporters just think of Bitcoin $5000 or $10,000 or $40,000. They do not know anything.

$1 to $5000 in 10 years and Bitcoin people still say Bitcoin is an investment and not super-HYIP or ponzi.

My website: https://dangerousmother.com (for real world out there)

Talks of Bitcoin as global currency and Bitcoin taking over Gold and Silver.

Just like billionaire Warren Buffet who keeps saying buy Apple inc. shares and other shares and thereby pushing DOW Jones to 25000 with the help of financial cartel because people are too foolish and they believe in $1000 to $10,000 in 12 years.

Those people are just some dumbs who lost money due to joining the market in the all time high.
However, I don't agree with you that Bitcoin can be both a global currency and an alternative to Gold or Silver. It should be the one or the other.

[Leh-Meh]

Those people are just some dumbs who lost money due to joining the market in the all time high.
However, I don't agree with you that Bitcoin can be both a global currency and an alternative to Gold or Silver. It should be the one or the other.

Bitcoin will get banned if money laundering and ponzi increases from Bitcoin. Without centralization Bitcoin will not get legal status.

[Uhde]

i dont think so. compare the bitcoin price year by year. if some adapter bought bitcoin a few years ago, they are probably billioneire already. so i dont think it is fair to call them foolish or low iq people.

[Koadharber]

Those people are just some dumbs who lost money due to joining the market in the all time high.
However, I don't agree with you that Bitcoin can be both a global currency and an alternative to Gold or Silver. It should be the one or the other.

Bitcoin will get banned if money laundering and ponzi increases from Bitcoin. Without centralization Bitcoin will not get legal status.

It will become legal but we need to wait exact time,to avoid this scam issues again we need to research first before we invest and don't trust with the investments with high returns because it is good to be true.

[imstillthebest]

Those people are just some dumbs who lost money due to joining the market in the all time high.
However, I don't agree with you that Bitcoin can be both a global currency and an alternative to Gold or Silver. It should be the one or the other.

Bitcoin will get banned if money laundering and ponzi increases from Bitcoin. Without centralization Bitcoin will not get legal status.

It will become legal but we need to wait exact time,to avoid this scam issues again we need to research first before we invest and don't trust with the investments with high returns because it is good to be true.

bitcoin is already legal on most countries  and bitcoin wont also be banned even if we say that all bitcoin users will only use thier bitcoin for bad doings because bitcoin is uncontrollable at the first place  . not all who uses bitcoin are fool or have a low iq except from the people that are get scamed not only once but twice or thrice  .

I don't agree with you that Bitcoin can be both a global currency and an alternative to Gold or Silver. It should be the one or the other.

bitcoin cant be call a global currency because some countries ban it but bitcoin is consider as an alternative to gold and silver because bitcoin can do what gold and silver can do   .

[Bezobraznike]

   As every kind of business bitcoin collected different kind of people. From such economic giants as Buffet and Winklevoss brothers to homeless fools.
   Probably the number of not economic educated people is big here and they really do not care about bitcoin, but just about fast profit. But should we judge them for that? All of us here to take some profit from unstable prices, no matter we know what exactly bitcoin is or not.

[Kemileye]

Bitcoin believers and investors are not foolish and at the same time not low IQ people. The set of people that believes in the technology are the people that believes in revolution. Whether those that do not believe like it or not, bitcoin has come to revolutionalize how we spend money and its indeed the future of money.

[redsun114]

I don't think they're stupid. They are really understanding the value of BTC and are making a lot of money from buying and holding it. you know why? Because everyone has a separate judgment about the value of BTC, we are not the same and we have strategies to make money from BTC.
For many investors' support, I think the value of BTC can increase even more although its technology has not improved.
In the field of investment, crowd psychology always determines the value of a business and nothing else can be decided.

For me,i think those people who have come up investing in bitcoin are smart and brilliant people because if they are foolish and have low IQ, they will never understand about the complicated crypto market wherein bitcoin is evolving.There is too much risks in it so only those brave people and risks takers can survive dealing with it.

then you consider that those who are not investments in the world of bitcoin are they including people who have low IQs? you are wrong, you should not judge other people who do not invest in bitcoin like that.

Nobody deserves to be judged, people are created to choose whatever they feel is right for them, and they are all entitled to their opinion and their own decision. The fact that people did not invest in Bitcoin doesn’t mean they are unserious or have low IQ, there are thousands of investments out there that people can make and will yield them lots of profits.

We can only advise our close friends or anyone we feel crypto investment could also be right for them and not to impose it on them or judge them because they did not follow our believe, same as those who have invested, they know what is best for them, and majority of them has had nothing but happiness in their investment.

[KEPLER99]

Few months back when I was reading this forum, somebody said Bitcoin investors and supporters just think of Bitcoin $5000 or $10,000 or $40,000. They do not know anything.

$1 to $5000 in 10 years and Bitcoin people still say Bitcoin is an investment and not super-HYIP or ponzi.

My website: https://dangerousmother.com (for real world out there)

Talks of Bitcoin as global currency and Bitcoin taking over Gold and Silver.

Just like billionaire Warren Buffet who keeps saying buy Apple inc. shares and other shares and thereby pushing DOW Jones to 25000 with the help of financial cartel because people are too foolish and they believe in $1000 to $10,000 in 12 years.

One thing you should know is that a lot of people don't even care. There are things you will see and call it a ponzi scheme, you might think that no one is going to buy that, but don't be surprised that there are people that would always fall for it. There are some people who would think that since this is still working and the price hasn't fail, so they can take that opportunity and earn money while there is still time for them to do so. And as for Bitcoin, it is growing and according to some experts, it is not going out anytime soon.

[Godday]

i dont think so. compare the bitcoin price year by year. if some adapter bought bitcoin a few years ago, they are probably billioneire already. so i dont think it is fair to call them foolish or low iq people.

I agree with what you say in your opinion there is no investment that has no risk and is not a fool if we experience losses because it has become a risk in investing

[MonaLeeTracy]

in this case, actually I don't want a lot of comments with people who say that the bitcoin user has this, or that. well, basically they don't know what bitcoin is, and don't know the function and how to use it. leave them with that, and we just need to show things they don't want to see.

it is right that you say maybe many investors think that investment in crypto currencies is bad because of the losses they get, and before investing, investors should understand and understand all the risks they will get in investing.

[Viscore]

i dont think so. compare the bitcoin price year by year. if some adapter bought bitcoin a few years ago, they are probably billioneire already. so i dont think it is fair to call them foolish or low iq people.

I agree with what you say in your opinion there is no investment that has no risk and is not a fool if we experience losses because it has become a risk in investing

There are no foolish or low IQs people that are going to invest in bitcoin because bitcoin itself is a very complicated and risky investment so only smart and clever people will survive in this kind of investment. Just ignore those who keeps telling us negativity because deep inside, i think they are just being jealous of what we have achieved from investing in bitcoin.

[Bitum]

At the end we will see who has foolish or low IQ. Behind the BTC and other cryptos today stands a very solid industry with well-developed infrastructure. That can not all at once go away. It can change but it stays that way. We're all in the midst of a new technical revolution that's happening here and now.

[qwertyup23]

Few months back when I was reading this forum, somebody said Bitcoin investors and supporters just think of Bitcoin $5000 or $10,000 or $40,000. They do not know anything.

$1 to $5000 in 10 years and Bitcoin people still say Bitcoin is an investment and not super-HYIP or ponzi.

My website: https://dangerousmother.com (for real world out there)

Talks of Bitcoin as global currency and Bitcoin taking over Gold and Silver.

Just like billionaire Warren Buffet who keeps saying buy Apple inc. shares and other shares and thereby pushing DOW Jones to 25000 with the help of financial cartel because people are too foolish and they believe in $1000 to $10,000 in 12 years.

Most people that say such stuff did not personally experience investing/purchasing bitcoin as an investment alternative. People tend to degrade bitcoin due to its created stigma and reputation in different social platforms without experiencing it personally.

Instead of taking it as an insult, take it as an opportunity to teach them about cryptocurrencies in general and about its potential benefits. Although the risk may be higher compared to other investment methods, the returns are far better in a relatively short amount of time.

[shield132]

Btw I have a question for people who thinks those who believe in bitcoin are foolish: When some people were saying bitcoin would reach 10K, 20K very soon and you were laughing, who was true? You, who couldn't imagine if bitcoin would even be able to pass 1K or those who were talking "fantasies"? Time showed us that the second ones were right and automatically who is foolish? Seems those who didn't believe in bitcoin and thought 1K was even impossible to reach and bitcoin was a hyip/ponzi scheme.