Bitcoin is 100% faith

[AniviaBtc]

Bitcoin is not a stock. So, I guess it doesn't matter what he thinks.

His opinion doesn't count if he think that bitcoin work that way.

Bitcoin can be profitable depending on how you manage it, depending on how you will make it profitable and effective for you. It is not about faith, this investment includes risks but there are factors which you can use to avoid losing at this investment and you have full control of you asset.

If his opinion is that bitcoin is not certain then he probably doesn't know the meaning of volatility in the market.

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[MCobian]

Everyone has a difference of opinion, I have no problem with the opinion that says Bitcoin is 100% faith. Because I also have faith in Bitcoin, even though
it's not 100%. The most important thing for me Bitcoin has started to be accepted by many people, I am very happy now that many rich people
prefer investing in Bitcoin over other assets. Therefore, the current increase in the price of Bitcoin is extraordinary, maybe more and more people are
starting to believe in Bitcoin, after the Bitcoin dump in 2018 and finally able to recover in 2021.

[Coinsfera]

This is an interview by  Erik Schatzker on Bloomberg’s “Front Row” with Jeremy Grantham the co-founder and chief investment strategist of Boston’s GMO, explaining why U.S. stocks have become an epic bubble and will burst in a collapse rivaling the crashes of 1929 and 2000. At the same time, he also touched on gold and Bitcoin, emerging markets and climate change.
The interview can be found here: https://www.youtube.com/watch?v=RYfmRTyl56w
What are the lessons we can get as takeaways from this man or should be categorized him as just another prophet of gloom especially in an expanding and exciting Bitcoin bull run?

Firstly, everything begins with trust at first. Without trust, you cannot do anything or rely on anything. What people trust in Bitcoin is the programming that relies on its back. The decentralized bank-free peer-to-peer network is the thing that makes people trust bitcoin. Secondly, what do other people trust other financial instruments? Because they think that their company stocks will do better in the future. And other financial statements. All those are also relevant to Bitcoin. We believe that bitcoin will do better in the future than now. And the financial statements are the statistics that make bitcoin a leader in cryptocurrencies. Increasing volume, new addresses, price peaks are all we decide upon whether we should buy to sell. But no one talks about the false financial statements in the financial system to fool investors. Buy and Hodl!

[mezzaluna]

Its can also depend on the person's mindset or upbringing since most people within the Cryptocurrency Industry that started from small beginnings treats it like a blessing since it became as an income generator for them and would lift them into another style of lifestyle. On the other hand, if you are coming from an middle class family and the kind of family that has this great capital that can be invested then I guess that is what you can call faith since instead of creating another source of income, they are investing it on Cryptocurrencies.

[dothebeats]

Faith is a part of the mix, though obviously not the bulk of it considering that the concept of blockchain itself was used a lot of times to augment into several systems that are in need for high-speed, high-integrity data processing and whatever usage they may find on the said tech. We believe that bitcoin is capable on practical applications because we know it works as it should be, and we believe that the price will rise because it simply works and other people just found it to be a good hedge on their assets. That's as much faith as I can round up on bitcoin.

[Alert31]

Everyone of us has a different opinion and perspective about bitcoin and I think everyone has the right to believe what they think is right. If they think "Bitcoin is 100% faith" then, let them believe on their perspective. It doesn't matter as long as it doesn't affect negatively in bitcoin. For me, if you believe in bitcoin, you also have faith on it but I think not all 100% is just for faith. Bitcoin is a digital currency that was created because of new technology and not by faith alone.

[Ucy]

"100% faith" not consistent with Bitcoin/crypto Ideal of "don't trust but verify". Faith in the system sounds like what centralized and opaque systems would encourage
I will only have that kind of faith in a Perfect BEING. And you can't have faith in things made by humans... they can't be perfect no matter how well built.
 I'd expect problems and hope it get solved  when necessary. I believe that is part of the reasons it's transparent, immutable, encourages checks & balance, etc for the security , monitoring and verification of things that happen within the network by participants.

[Renampun]

*without 'faith' you would not be here...
I still remember the words 'you don't know what will happen tomorrow' and this also applies to Bitcoin, just imagine if you bought Bitcoin in 2010 and then still hodl it until now, you really seem to have got 'faith' in Bitcoin.

[MoparMiningLLC]

Just another prophet that want people to listen to him for personal gain.
How Bitcoin is 100% faith when there is revolutionary code behind it? Its value, not fairy tale.
Recently this whole GME fiasco showed people that  FIAT system is rigged.

paying back the stolen funds from your website yet?