Bitcoin believers/investors are foolish or low IQ people ?

[bearexin]

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.

Maybe those who are investing in it this time around should be very careful about it, cause it wasn’t the same thing it was back ten years ago, but that doesn’t mean that those who are investing in Bitcoin are foolish people / low IQ. This is the kind of thing that will make some people miss out on a life time opportunity because they are listening to what people are saying. It’s not helping you at all. Bitcoin is a wise investment to make and you can make money from it, more than you can make from most other investments you’re going to see, if not all of them. I know how much I have been able to earn from Bitcoin and it is more than any other investment I have ever made in my life.

[fiulpro]

The reason why people are investing there is because they are getting paid, they are making profit , the trading market is too good to let go , the volatility is actually good for the investors.
If you think they are low IQ people then why are you even on this forum ? It is filled with low IQ people.
First of all IQ is a comparative thing , secondly you cannot just compare anyone's IQ merely just by looking at their decisions or investments , people who brought Bitcoins back in 2009 and held till 2017 were thought of stupid ones , because they didn't sell it .. but now they are millionaires.
It is just a bet , people place it and hope for the best , doesn't mean they are low IQ ones.

[Nellayar]

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.

Don't compare two things that are not related to eacg other. It's an illogical. How do you know that bitcoin believers are fool and low IQ?

Do you even know what you are talking about?

You are talking about the whole community. I don't believe that we are fool because if we are moron or imbecile then we do not earn any amount of money here. Actually, that is not the right term you should use in order to point out the limitations in investment.

[cosmofly]

In the field of investment, people with high IQ are unlikely to win in trading or investment times, because the market always goes in an unpredictable direction.
There are very potential projects but it takes all because the bear market takes place.
Therefore, the smart people here are those who take advantage of the opportunity to make a lot of money, not sit in one place and predict that Bitcoin will Rekt or have no value.

[yvesp110]

In the field of investment, people with high IQ are unlikely to win in trading or investment times, because the market always goes in an unpredictable direction.
There are very potential projects but it takes all because the bear market takes place.
Therefore, the smart people here are those who take advantage of the opportunity to make a lot of money, not sit in one place and predict that Bitcoin will Rekt or have no value.

The IQ score is not the great index to measure the intelligence of a person and this is kind of absurd to say that people using Bitcoin have low IQ and are foolish. They are the most quick and opportunity recognizing people and in economic terminologies, they are referred to as whales in case they have big stakes. And by the way IQ does not buy you a house in Chicago but the money you make with Bitcoin.

[Spaffin]

I think that many examples can be given of what to consider investors in BTC as stupid people is a big mistake.  If we assume how many people became millionaires after investing in Bitcoin from 2010 to 2017, then those who did not bother to use this opportunity can be considered stupid or people with low IQ.

[TheUltraElite]

If we see the majority of traders who have been in the market for sometime they are mostly people with a background of trading like wall street investors. Those who tried to play with their money on exchanges without prior knowledge of trading got burnt out.

This is again confirmed by the fact that people in this forum buy shitcoins instead of buying bitcoin that too at all time high prices and not at all time low prices. Again if you are not confident about some coin and thus defer from buying it at all time low thinking it wont go up again, then why buy it at all? This shows a severe lack in confidence and belief. Either be confident about your investments or dont invest money into trading coins at all.

The safer method is always to buy bitcoin at low and sell at high. I believe most traders at least try to do that which does not make them "foolish" in any sense.

[samputin]

So having the ability to understand things that others don't is foolish now? Or even taking risks is for low IQ people? I don't think so. Personally, I admire those people who have knowledge about this new emerging technology. They are willing to accept and adopt something that has the potential to change the world. And for me, IQ doesn't always make one rich. Strategy does.

[TravelMug]

So having the ability to understand things that others don't is foolish now? Or even taking risks is for low IQ people? I don't think so. Personally, I admire those people who have knowledge about this new emerging technology. They are willing to accept and adopt something that has the potential to change the world. And for me, IQ doesn't always make one rich. Strategy does.

I won't be worry at all though, personally I'm sure majority of us has made a lot of money out of this market so how could be call that foolish though? Lol, On the contrary crypto investors has above average IQ, I mean this is a fairly new technology and not everyone knows about it. So if you jump on the bandwagon early because you realised that this technology is a game changer then that is not low IQ to me.

[bryant.coleman]

Many of the central banks (India for example) has issued warnings about Bitcoin, claiming that investing in BTC can be very risky and it has similarities to ponzi schemes. And to tell the truth, their propaganda campaign has a lot of success. I personally know a few elderly individuals who canceled their plans to purchase cryptocurrency after noticing such warnings.

I don't care about what others say. I first invested in Bitcoin in 2012, when the exchange rate was $10 per coin. My initial investment was $150, and till now I have cashed out at least $40,000 (and I still have most of my initial coins remaining in my wallet).

[TheUltraElite]

Personally, I admire those people who have knowledge about this new emerging technology. They are willing to accept and adopt something that has the potential to change the world. And for me, IQ doesn't always make one rich. Strategy does.

Without IQ a person cannot build a sustainable and feasible strategy. So those two go kind of hand in hand.

People believe in bitcoin because they see its good and bad properties and how they weigh out against traditional fiat system. Some like the fact that they can evade taxes and thus try to run their business through bitcoin payments. Not that I like this though, because I feel for the overall development of a country taxation is important. Anyway the users who have been developing blockchain technology have gone far and wide and gained acclaim. That is also another reason why bitcoin had gained faith of investors.

[TheCoinGrabber]

I prefer the term "risk-taker". You can call people foolish but I doubt people who bought it at, say $1000 and managed to sell it at $20k would care about you calling them idiots.

Come in and but when it's still low, using money you can afford to lose. If it appreciates then good, if not then fine, not all investments succeed.

[awik p]

I prefer the term "risk-taker". You can call people foolish but I doubt people who bought it at, say $1000 and managed to sell it at $20k would care about you calling them idiots.

Come in and but when it's still low, using money you can afford to lose. If it appreciates then good, if not then fine, not all investments succeed.

I agree. we must be brave to become a "risk taker". i think all investments have their own risks. instead, I salute those who bought when the price of $ 1000. he is good at reading opportunities, even though more people don't believe him, and consider it a game

[narukami]

In my opinion there are some people here in cryptoworld that are foolish but i still believe that there are more bitcoin investor that are smart and not a low iq people, many investor right now is smart because they are keep on holding and supporting btc  until it's price rise again.

[LogitechMouse]

Call me foolish and low IQ right now but I resigned in my job right now for the sake of cryptocurrency.

This is I think the weirdest decision that I've ever made in my entire life and I took the risk. Now I have no regret in my decision. We have different perspective with regards to Bitcoin.

[TheUltraElite]

Bitcoin believers or investors are not foolish but most investors make their decisions based on their emotions without any solid analysis of the market.

You are wrong. Most investors remain good investors because they take their decisions not be emotions but by logical analysis. Even at times their analysis ends up wrong and they lose some money still, it was based on logic and not assumptions like what many FUDstars have done till date.

This normally end up in losses because some may buy during the peak of the rise and are too impatient to also wait. It is always good to utilize the bear market situation when Bitcoin price drops - this is where investors must buy more because Bitcoin will definitely rise when it drops in price.

So you can see it is not always a question of emotion or logic. It is just going with the flow to catch some coins when they are dropping and selling when they are rising. Whether that person is intelligent or not is irrelevant in this case. The wrong move would be listen to so called financial advisors who shill some altcoins. Those are the scum of this market who have no lives.

[livingfree]

Bitcoin believers or investors are not foolish but most investors make their decisions based on their emotions without any solid analysis of the market.

Not every investor is like that. We can distinguish good investors and bad investors, mostly the good investors has went with similar experiences  and applied it for the second time around as they invested.

While the bad investors, are mostly leaning on their emotion. So investing through emotion without solid or even basic research is like putting your money to the trash can.

A lot of bitcoin investor now has been good throughout the years and those experiences that we had has been worth it and is now being applied.

[Lanatsa]

Call me foolish and low IQ right now but I resigned in my job right now for the sake of cryptocurrency.

This is I think the weirdest decision that I've ever made in my entire life and I took the risk. Now I have no regret in my decision. We have different perspective with regards to Bitcoin.

Frankly those are smart people ask those who have become millionaire by investing in crypto and which has changed the life of people  today . This is definitely as future and continue investing in it and do invest in the best of the coin .

It do really likes a gamble but if you done it well then you would really come to a point where it can change up your entire life when it comes to financial aspect.
I don't know why foolish or low IQ people yet we do have different perspective indeed into some sort of things.Its just a matter of risk taking or not yet we know
that theres a possible opportunity on making money to be hit up behind.

[Reid]

So why is there is no options.
No questions.
You are just talking bull about investors and holders.
There is no really sense it what you are saying or a good path.

There is no such thing also as a foolish one or low IQ. Just laxy learning everything.

[dengpei]

I think over the past 10 years Bitcoin has been able to build a formidable track record to pass past the test of being 'fools Gold' with flying colours. No funny money can survive for 10 years and rise to the current BTC price without support from the 'Establishment'. Believers/Investors cannot, therefore, be described as foolish or low IQ people, it might just be sour grapes utterances from those who failed to get onto the gravy train when it left the station