Are people giving up on Bitcoin too quickly?

[mace15]

We cannot stop some people mindset giving up on bitcoin and would truly sell once price reached an all time high in the market. Those people don't believe the future of bitcoin and just focus on how they can earn profit which is the fact in this industry. Well, there’s still some users also enjoying of having bitcoin to hold until the massive adoption could take place globally just like using it as payment.

[1714045974]

1714045974

[1714045974]

1714045974

[gabbie2010]

I have seen lots of people gave up on bitcoin in early 2015 or 2016, then when the 2017 bull run started, they regret selling bitcoin too early. So those people came back and bought at a higher price. My advice would be, never give up on bitcoin. What bitcoin can do nobody else market can do, it can make you richer very quick, if you know how to trade.

While many of those people that bought at ATH were very disappointed having read speculations that the price will reach another ATH at $50K invariably that the price fell like a pack of card and majority sold at a loss, a lot of them gave up although many of them entered cryptos with a mindset of making quick profits having read stories of those who bought before 2015 and hodled till ATH in 2017  made massive profits after selling some their portfolio.

[#dhabitamartha]

I love this cryptocurrency, it keeps me busy at home, it's very exciting, it revives my imagination that we have money, we don't have to work outside the house at home while we can while we want to, so I'm still passionate about bitcoin and The popularity of bitcoin is now extraordinary so bitcoin is now more expensive in the past year, better known so we don't need to be afraid to invest in bitcoin.

[Awraawra]

I have been reading many posts that show signs to be that people are giving up on Bitcoin's technical development to become an actual currency, and also shows signs to be ready to sell after the next surge to ATH.

I believe it's too soon. Bitcoin's benefit for improvement outweighs the cost in my opinion.

HODL!

I think some people only think that. But many people believe that bitcoin can use in many ways to make money like bitcoin investments they using bitcoin to earn more money.
There's a lot of benefits can bitcoin give to us. Like we can used by buying online and many more like paying our bills online using bitcoin.

[Casdinyard]

I have seen lots of people gave up on bitcoin in early 2015 or 2016, then when the 2017 bull run started, they regret selling bitcoin too early. So those people came back and bought at a higher price. My advice would be, never give up on bitcoin. What bitcoin can do nobody else market can do, it can make you richer very quick, if you know how to trade.

While many of those people that bought at ATH were very disappointed having read speculations that the price will reach another ATH at $50K invariably that the price fell like a pack of card and majority sold at a loss, a lot of them gave up although many of them entered cryptos with a mindset of making quick profits having read stories of those who bought before 2015 and hodled till ATH in 2017  made massive profits after selling some their portfolio.

Well that's how volatility work. There's no consistency regarding the price of not only Bitcoin but also other cryptos. There are times wherein the market prices will be at peak and there are times of downfall. It is not enough to just hold because there will be opportunities that would pass by if you won't be alert at most of the times.
There's this thing called "selling and buying point" of the market. Patience therefore is a must in order to come up with profit. Break the expectations that profit is guaranteed and is something that will arrive as soon as you want it to.

[BuNga_cute]

I see investors who bought at the peak price when Bitcoin hit its all-time high in 2017 many gave up. Especially when entering 2019
many have left Bitcoin, those who give up will definitely regret it. Because for me Bitcoin can definitely return to the price of $ 19,000
again. In the next 5 years I predict the price of Bitcoin will reach $ 50,000. Therefore we must be patient and continue to collect as much
Bitcoin as possible.

[Wind_FURY]

I wonder who are these people, I guess they are new to bitcoin and always want it to pump, they think crypto is a get rich quick scheme, so all they want is for it to rise to the ATH and they will sell immediately, humans always allow their emotions to get the best of them, whenever the price of bitcoin is going up, they will be happy, but when it's the other way round, they will start calling it a scam,i wish they could see bitcoin beyond that, for me I think the use case of bitcoin out weighs it's cost,it has really made life even much easier, and helped to eliminate the middle man(banks),imagine being your own bank, oh wait you're already  , lol.

Some of them have actually been in Bitcoin longer than me, and probably knows Bitcoin more than me, BUT have given up on Bitcoin as a form of money, have given up on Bitcoin's transactions to have privacy, and has given up on the goal that Bitcoin will be accepted by the mainstream.

[Cling18]

I have been reading many posts that show signs to be that people are giving up on Bitcoin's technical development to become an actual currency, and also shows signs to be ready to sell after the next surge to ATH.

I believe it's too soon. Bitcoin's benefit for improvement outweighs the cost in my opinion.

HODL!

People who give up easily on Bitcoin are those who don't have enough knowledge about their value and importance. However, there are also some instances where an investor could easily quit due to their personal reasons. Those who still hodl are lucky especially when the market situation gets better.

[GDragon]

what you said is true, I also gave up last year because I saw the price of bitcoin that continued to fall. after seeing the price of bitcoin now starting to rise again, I was optimistic that bitcoin would surpass ATH. i will buy bitcoin and HODL.

I just hope people stop giving up on bitcoin whenever its low, they should see it as an opportunity to hodl more instead. It is true though that some of the people gave up on bitcoin too quickly just because they just want to earn as fast as possible, but it won't happen in weeks or months. Unless they got lucky when they got in.

[starseeker]

The golden words in cryptos are

"Never sell 100% of your positions"

FOMO is real. 10 years in the past BTC was worth pennies. Today around $13k. I really hope to see where it all stands 10 years down the lane.

The growth is real. The greed is real. Mistakes can cost you fortunes.

[Hypnosis00]

what you said is true, I also gave up last year because I saw the price of bitcoin that continued to fall. after seeing the price of bitcoin now starting to rise again, I was optimistic that bitcoin would surpass ATH. i will buy bitcoin and HODL.

I just hope people stop giving up on bitcoin whenever its low, they should see it as an opportunity to hodl more instead. It is true though that some of the people gave up on bitcoin too quickly just because they just want to earn as fast as possible, but it won't happen in weeks or months. Unless they got lucky when they got in.

Ain't wonder impatient people easily giving up once seeing red tide on the market and then keep whining why they lose, why the market dumps, and Bitcoin is a scam. No wonder why weak hands losses because they don't understand the market trend, probably lack of knowledge will help it drives to misconceptions. But I believe that only a few of them have that kind of mindset, some had already changed after learning from their experience and mistakes.

Anyhow, it is accepted as well that we all have differences, a reason that not all had come into crypto succeed.

[dansus021]

what you said is true, I also gave up last year because I saw the price of bitcoin that continued to fall. after seeing the price of bitcoin now starting to rise again, I was optimistic that bitcoin would surpass ATH. i will buy bitcoin and HODL.

i know nothing about speculation things but as far i know Hodl is the key  i buy some altcoin back in the days and try to sell high (basic trading) and 4 month or so the price of the coin like rainfall im not giving up or try to cut loss and boom i got the profit

[ghost424]

I have been reading many posts that show signs to be that people are giving up on Bitcoin's technical development to become an actual currency, and also shows signs to be ready to sell after the next surge to ATH.

I believe it's too soon. Bitcoin's benefit for improvement outweighs the cost in my opinion.

HODL!

Its not their fault for showing disbelief in Bitcoin since they cannot HODL for very long since some users really needs their money for emergency uses. Although other users are just excited to sell their Bitcoin since they have no knowledge how to further invest it. Its also interesting that there are already people who considers Bitcoin as a legit currency but some people are not quite ready to believe that. Imo, Bitcoin is a good currency that might play a big role in future digitization of payment systems.

[Chris Barth]

Yes; people are quickly giving up and these people are those who do not see the future of bitcoin. Cause I really don't see someone who understands where bitcoin is going and would still give up.

[Kez1817]

Maybe because they really didn't understand what bitcoin is and they ignore the development of bitcoin. Or, maybe they lost a lot that's why they surrender and giving up on bitcoin is their last way to stop loses. Will, they are loser if they giving up bitcoin because bitcoin is really a  valuable digital currency which gain a lot of popularity and it's very useful now.

[dunfida]

I have been reading many posts that show signs to be that people are giving up on Bitcoin's technical development to become an actual currency, and also shows signs to be ready to sell after the next surge to ATH.

I believe it's too soon. Bitcoin's benefit for improvement outweighs the cost in my opinion.

HODL!

Its not their fault for showing disbelief in Bitcoin since they cannot HODL for very long since some users really needs their money for emergency uses. Although other users are just excited to sell their Bitcoin since they have no knowledge how to further invest it. Its also interesting that there are already people who considers Bitcoin as a legit currency but some people are not quite ready to believe that. Imo, Bitcoin is a good currency that might play a big role in future digitization of payment systems.

This is how thing works and we do know that you cant please everybody and we wont really be ending up on having the same input or perception towards things specially with bitcoin.
Some might see its advantage and benefits but some wont really recognize nor appreciate its existence due to some wrong influence or wrong information on it which he had heard on
other sources as well.Lots of factors that can really affect ones view into it but we do have our free will to learn up everything because there are things in life that needed to be
known carefully before you do make out conclusions.There are really just some people who are close-minded one where once they do believe on a certain thing then
that cant really be changed.

[finaleshot2016]

Disregarding the technical development of bitcoin means you don't know how does it work. Obviously, these people are those who didn't trust the bitcoin at first and don't even use it. Their arguments about the future of cryptocurrency aren't considered valid talk if they aren't supporting or using it.

There are plenty of crypto users who gave up on bitcoin when a price drop occurs but instantly came back after the price hike.
I hope it serves as an ideology to them that cryptocurrency has a good future.

[ShowOff]

Disregarding the technical development of bitcoin means you don't know how does it work.

May not apply to everyone. Since bitcoin is a decentralized currency, I believe almost everyone especially users know how it works.

There are plenty of crypto users who gave up on bitcoin when a price drop occurs but instantly came back after the price hike.
I hope it serves as an ideology to them that cryptocurrency has a good future.

It could be that they are seasonal trader who will only carry out their activities at certain moments such as when price rise. For those users who keep abreast of bitcoin development, I am sure they will not abandon bitcoin just because its price has dropped.

[Traderbtcc]

I wonder who are these people, I guess they are new to bitcoin and always want it to pump, they think crypto is a get rich quick scheme, so all they want is for it to rise to the ATH and they will sell immediately, humans always allow their emotions to get the best of them, whenever the price of bitcoin is going up, they will be happy, but when it's the other way round, they will start calling it a scam,i wish they could see bitcoin beyond that, for me I think the use case of bitcoin out weighs it's cost,it has really made life even much easier, and helped to eliminate the middle man(banks),imagine being your own bank, oh wait you're already  , lol.

Some of them have actually been in Bitcoin longer than me, and probably knows Bitcoin more than me, BUT have given up on Bitcoin as a form of money, have given up on Bitcoin's transactions to have privacy, and has given up on the goal that Bitcoin will be accepted by the mainstream.

Well, if they gave up on it, it's probably not their fault,everyone is entitled to their own opinions and choices, and too bad for them cus they gave up too soon, we saw what happened last week when PayPal started accepting crypto deposits and withdrawals on their platform, PayPal is one of the biggest payment platforms as we all know, and they were anti-crypto a few years ago, but just take a look at them now, they've finally embraced the future technology, bitcoin just keep proving them wrong.

[CarnagexD]

Disregarding the technical development of bitcoin means you don't know how does it work. Obviously, these people are those who didn't trust the bitcoin at first and don't even use it. Their arguments about the future of cryptocurrency aren't considered valid talk if they aren't supporting or using it.

There are plenty of crypto users who gave up on bitcoin when a price drop occurs but instantly came back after the price hike.
I hope it serves as an ideology to them that cryptocurrency has a good future.

Sadly, this is the case for most of these people who dump their coins. Without knowing the basics, these people only know of bitcoin as a get rich quick scheme which is really not the case. Proper education and doing your own research beats most FUDs really. But if they don't have enough time or knowledge to kepp on hodling bitcoins when it's at a bear market, we can safely assume that they don't have the time or knowledge to do the aforementioned things.