Are people giving up on Bitcoin too quickly?

[Wind_FURY]

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!

[1714947938]

1714947938

[Yogee]

Who are these people? Maybe they never believed in the technical developments or never really understood how bitcoin works in the first place? There are many pretenders in the space so they could be one of them. They only bought btc for the sake of trading them at a profit.

[pooya87]

there are always a certain percentage of people in bitcoin world who just care about making more money using bitcoin which is why they think about selling all their coins on a small rise specially since this group have no understanding of what bitcoin is. in fact many of them have never even used bitcoin because they don't own a bitcoin wallet, they keep their coins on exchanges!
they don't represent the whole community even if they are the most vocal.

we see them mostly whenever there is a rise and also mainly when price gets closer to its previous ATH record. for example you could easily see loads of them back in 2017 when price reached its previous ATH (basically anything between $1000 and $1400) how they panic sold. it is mostly a mentality thing that they place these types of price levels in their heads thinking price can't go above it at all. $1200, $200, $24, $2, $1 have been some of those mental barriers!

bitcoin will continue being fine, keep growing and improve regardless of these people.

[hd49728]

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.

When the statement on giveup are more popular, it's the end of downtrend or of accumulation phase. Do you think it is not correct?

Miner capitulation is another thing (with the weak down in March) and after the capitulation, total hashrates on the network set up its new all time high. Is it a signal of giveup or degradation? No man, never.

[Lorence.xD]

Who are these people? Maybe they never believed in the technical developments or never really understood how bitcoin works in the first place? There are many pretenders in the space so they could be one of them. They only bought btc for the sake of trading them at a profit.

Have you ever thought maybe their country limits them? Sure there are the cash grabs, there are other factors too. There was a post here where OP quit because exchanges closed in their country. There are others who got scammed big time and they were so distraught that they never got to trust bitcoin again. Do not get a tunnel vision, widen your perspective. I do not think that using bitcoin as a means of becoming financially stable is a bad thing, the development of Bitcoin is already happening, you might as well get the benefits of believing that it will revolutionize society.

Post: https://bitcointalk.org/index.php?topic=5280183.0

[LogitechMouse]

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

Not all are interested on the technical side of Bitcoin. More people are interested rather on it as an investment rather than it being a currency. Lets face it, the technical aspect of Bitcoin is not for those average people who are very hard to understand things.

and also shows signs to be ready to sell after the next surge to ATH.

As an investor, it is their strategy to sell their holdings so that they can get a profit. People come and go and same with this. People will buy and enter then they will sell and exit.
As for me, still holding a portion of Bitcoin while spending a portion of them in different things .

[mk4]

Don't be too surprised.

In 2017 when bitcoin was going up, a lot of people were overly bullish over it regardless if they know what bitcoin is for in the first place or not. And when bitcoin was in a downtrend, a lot of them called it a scam, or a failed project. Why? The human emotion is a wonderful wonderful thing. It's pretty much similar to the stock market too! When a company's stock is growing in price, it's easy for people to assume that it's going to be successful. But when it's falling? "Meh, that company sucks anyway".

[Shoaib530]

In my country Bangladesh, Crypto currency is ban.so here so  many people want to invest on it.but they can't.so many educated people's are here they can easily learn about crypto currency.but because of government ban they couldn't do anything.

[Wexnident]

It's nothing new really, people expected the price to continue going up when we recovered from the $4k price back in March, and seeing as we went past $12k, that belief all the more raged on and a lot of people got FOMO'd into joining in, but then after that the market just stabilized at $10-$11k, which a lot were probably disappointed at since they were expecting to make a quick buck, maybe expecting a price of $20k or so at this point in time. Most of them are just people who panic sells, can't really hodl, and any type of "dump" they see equates to Bitcoin is over, Bitcoin is gone, it won't get another ATH kind of issue/idea.

No sense in encouraging them to hodl tbh, the moment they entered the scene only for a quick buck, they were already unable to know the essence of what hodling in BTC is. Besides, that's just how human emotions are, especially for those new in the scene. When your expectations are dashed, your hope basically puffs out really quickly.

[Leviathan.007]

An old investors of Bitcoin who already saw the other all time highs and the price falls will never give up easily like that. We already saw the bitcoin at less than 500 usd and all people said it will never reach the higher price and the real price should be less than 100 usd. But it's on more than 10K right now. These giving ups you are talking about usually happens to some new investors who are not families enough with this market.

[Oasisman]

I assume this is the same people who doesn't think Bitcoin as a currency, instead they think Bitcoin is a tool or an asset that could make them rich quicker than being a hard worker in their respective day jobs.
Well, they are part of the adoption, but with different perspective. Sad to say, there might be not half of Bitcoin users who truly supports Bitcoin in general.
Bitcoin is already a currency, people just don't use it as it is, most of us have considered it as a store of value.

[Eureka_07]

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!

Bitcoin investors has different strategy for their investments, you may see that it's best thing to hodl those bitcoins, but for some, it's much better to sell it on the new ATH.
They might even sell their bitcoins even no new ATH hasa reached.
For me, this kind of selling is a safety precautions for the investment.
Already got profited a convincingly good amount, no need to risk it even more.
Above all we can repurchase bitcoin again if it's price declined.

[Lerikaweb]

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!

What do you mean by saying "technical development"? The network has been worked on i think)
Most of my friends keep hodling btc or trading on it.

[sunsilk]

It's the least that they can think of and we can't change their minds until they finally have change theirs based on what they can see to bitcoin's development. But even they are like that, there are new breeds coming in and will stay until they can.

As for me, I'll stay while I can and I've seen the potential and keep on believing in bitcoin. From the day that I've got interested on it until today, there's no doubt and I'm happy that I've made the right decision.

[Peanutswar]

There is a lot of reasons why some of them are struggling and giving up their bitcoin.

This is knowledge and awareness.

If you know what is the potential of your coin there is a chance you can double up your money if you think this is good to buy take and grab the chance if you think you already lose a lot of profit it's your choice to hodl or sells.

Hodl it takes time before you get your income.
Sell you immediately got your money but not your expected profit.

Awareness if you want to avoid losing your money you just need to keep aware of everything
News
Articles
Videos
Trend
All of the information you need to prevent the possible risk.

[Maroons]

I assume this is the same people who doesn't think Bitcoin as a currency, instead they think Bitcoin is a tool or an asset that could make them rich quicker than being a hard worker in their respective day jobs.
Well, they are part of the adoption, but with different perspective. Sad to say, there might be not half of Bitcoin users who truly supports Bitcoin in general.
Bitcoin is already a currency, people just don't use it as it is, most of us have considered it as a store of value.

Majority of bitcoin user's really sees bitcoin as a store of value and right now it is the best usage of it but yes you can use it to buy something if its available but its very limited to see it as a currency where we use it to everything we buy but nonetheless bitcoin is still bitcoin, its has lots of things to offer to us that will be seen once we utilize its potential and capability, I believe that bitcoin will improve many fold in the future so be positive and have trust in bitcoin

[gentlemand]

The longer you're in this, and you do it right and stay put, the more your net worth in Bitcoin grows. After a while the prospect of another 3-4 years of nothing after another peak starts to become a lot less appetising.

I think Bitcoin is of course amazing. I am also fucking sick of being lassoed to a either a bucking bronco or a comatose turd. I will be giving up 50% of it when the right moment arrives.

There's an amazing future ahead. I've waited long enough to do something to address my own. Anyone walking away completely will either regret it or extracted so much it won't really matter.

[Celebrityfarmer]

I assume this is the same people who doesn't think Bitcoin as a currency, instead they think Bitcoin is a tool or an asset that could make them rich quicker than being a hard worker in their respective day jobs.
Well, they are part of the adoption, but with different perspective. Sad to say, there might be not half of Bitcoin users who truly supports Bitcoin in general.
Bitcoin is already a currency, people just don't use it as it is, most of us have considered it as a store of value.

i totally agree with you on this very topic
Because people who easily give up on bitcoin are those who don’t think of bitcoin as a currency but rather as a means to automatically get rich without hard work and consistency
So it will be best to lecture or teach those individuals who easily grow apathy towards bitcoin that bitcoin is also also a form of currency which is one of the widely used cryptocurrencies 

[bountyhub2]

People in the crypto world know what Bitcoin is all about?
It is a thing that is very easy to use and can be transferred.
This saves us a lot of time and allows us to transfer.But I think everyone should save bitcoin for the future. Besides, I think our future is slowly moving towards a crypto world.
So we should all have confidence in Bitcoin.

[kryptqnick]

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 have a friend who's been hodling for years, but now he's tired of waiting for something to happen and plans to start selling his BTC slowly to assist with living costs. I kinda understand him because it's been three years since the ATH and the price is still 50% down. But I also want to point out that it's not necessarily people giving up on Bitcoin. Rather, maybe they'll stop seeing it as a store of value, but will be willing to use it more actively as money. For now, it's very difficult to use Bitcoin as money, of course, but perhaps drifting away from hodling in the direction of using would build up a demand that would be met by merchants accepting BTC more often.