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Author Topic: There are three kinds of people in the Bitcoin world  (Read 754 times)
CoolerSid
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July 23, 2021, 03:02:13 PM
 #21

Opportunist the best choice of the three in nature. It is the skill of situational awareness that gives an advantage in the cryptocurrency market.
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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July 23, 2021, 03:21:49 PM
 #22

What about those that think and take bitcoin as a get-rich-quick scheme this set of people never border to take the time to study and understand bitcoin and its fundamentals all they care about is making quick bulk.

Am a kind of an idealist in class because I already understand the nitty-gritty and risk involved in Bitcoin and this helps build my capacity to hold no matter the market conditions.

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July 23, 2021, 03:23:56 PM
 #23


  • Idealist
    Many early Bitcoin participants were mostly idealists, and they hoped to get a lot of benefits through Bitcoin. But many idealists have not persisted until now. After holding the currency for a period of time, they have not seen more benefits in the currency circle. They chose to withdraw due to their own greed.

We can't make the 3 categories represent us who only rely on fixed principles, sometimes idealism will become an obstacle to luck, but to be disciplined as an idealist you need to collect sources and not be influenced by assumptions that come to mind logically. it's all about the rules.

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July 23, 2021, 03:52:30 PM
 #24

In this world? Have you done various research so that you are able to draw fairly simple conclusions with only 3 groups. Maybe you forgot a lot of elements that must be added. How someone who is more practical can be categorized into one of the types you have written.

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July 23, 2021, 04:38:46 PM
 #25

I am a pragmatist, not fond of thrills or art.  It is just fiction.  We have to identify profit maximization, capitalize it and place it at better opportunity.  Perhaps, I am a realist with opportunism.  Lol, in a match, whichever side has a better chance, they win.  Taking even the smallest chance, that's how I try to keep my stacks intact for the advantage.

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July 23, 2021, 04:42:33 PM
 #26

Opportunist the best choice of the three in nature. It is the skill of situational awareness that gives an advantage in the cryptocurrency market.


If you're going with OP's definition of "Opportunist", then no. The description was basically a trader, whereas as we all know, only a minuscule number of traders actually end up making money in the end.

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July 23, 2021, 04:43:33 PM
 #27

Why do you call it opportunist?  to me this word is not appropriate to a person who wants to buy at low prices and holding for a long term best word the describe is "wise" yeah since buying and patiently waiting for the btc price to drop is not easy you need patience thats a wise investor do wait for the right time to buy.  
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July 23, 2021, 05:14:27 PM
 #28

I'm an opportunist rather than the other ones. I usually look for the opportunities to buy or sell. When I see the dip, I don't want to miss the chance of accumulating more. And when I reach my price goal, I sell some of my profits.

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July 23, 2021, 06:02:57 PM
 #29

If I have to choose between the three types mentioned by the OP, I feel Faithist is the closest I have done so far. Because after learning a lot about
Bitcoin, I started to believe Bitcoin has a bright future, so I always buy more Bitcoin if the price goes down like it is now. And never panic and worry
when Bitcoin price falls, because I believe the price of Bitcoin will always recover again, why sell Bitcoin at a low price.

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July 23, 2021, 06:36:33 PM
 #30

I don't think I would call the those who buys and hold bitcoin what you called them in your third kind of people, I think those who buys alt-coins or those who are into airdrops or Ponzi schemes are those that research by fate, not those who hold bitcoin. There are two kind of people that I think of in bitcoin.
+ The bitcoin excited
+. The bitcoin money excited.
The later are the investors, the traders and more that are in bitcoin for long or short term investment, while the former are those that are excited about bitcoin generally.

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July 23, 2021, 06:39:23 PM
 #31

Is it wrong to say faithist is just like opportunitist since once a faithist saw a chance to buy during dip they will going to buy or it really just belong to opportunitist?

I can't say I'm a Bitcoin maximalist since I also support/invest the other crypto currency rather than Bitcoin itself. So I would say I belong to the hybrid part that has something from each of these three.

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July 23, 2021, 07:05:32 PM
 #32

There are three kinds of people in the Bitcoin world, idealists, opportunists and faithists.

  • Idealist
    Many early Bitcoin participants were mostly idealists, and they hoped to get a lot of benefits through Bitcoin. But many idealists have not persisted until now. After holding the currency for a period of time, they have not seen more benefits in the currency circle. They chose to withdraw due to their own greed.
  • opportunist
    They prefer the volatility of Bitcoin prices and find opportunities to buy Bitcoin at low prices by analyzing market price fluctuations. When they see a opportunity in the market, they want to realize the freedom of wealth quickly
  • Faithist
    They stick to their beliefs, believe in Bitcoin, and as long as they buy Bitcoin, they are willing to bear its risk. When the price of Bitcoin falls, they will not panic the market and choose to sell, but think it is a good opportunity to buy at a low price.

I think there are more Bitcoin opportunists in the forum. What is your opinion on this? Which one do you think you are?

It's common in all the trading platform.Which includes the stock market also.Because the mentioned was a ideology of the people.So it will be the same in all investments platform.Holding plays a vital role in the investment.But how much time period is important one.If you hold for the longest period,you may be the loser.

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July 23, 2021, 07:45:08 PM
 #33

There are three kinds of people in the Bitcoin world, idealists, opportunists and faithists.

  • Idealist
    Many early Bitcoin participants were mostly idealists, and they hoped to get a lot of benefits through Bitcoin. But many idealists have not persisted until now. After holding the currency for a period of time, they have not seen more benefits in the currency circle. They chose to withdraw due to their own greed.
  • opportunist
    They prefer the volatility of Bitcoin prices and find opportunities to buy Bitcoin at low prices by analyzing market price fluctuations. When they see a opportunity in the market, they want to realize the freedom of wealth quickly
  • Faithist
    They stick to their beliefs, believe in Bitcoin, and as long as they buy Bitcoin, they are willing to bear its risk. When the price of Bitcoin falls, they will not panic the market and choose to sell, but think it is a good opportunity to buy at a low price.

I think there are more Bitcoin opportunists in the forum. What is your opinion on this? Which one do you think you are?
There are not only more bitcoin opportunists on the forum but more opportunists in the world too. In every type of market and sector, you will find such sort of people and I don't really blame them for behaving in such a manner in fact they are just acting in their best interests. Many people think opportunists are evil but actually, it's the only way to survive against the big whales of the market who too behave in such a manner only. Faithist, on the other hand, suffer but sometimes earn too, for example, a faithist who believes in bitcoin or some utility coin will surely strive but a faithist who believes Shiba Inu is the coin of the future is actually digging his own grave. Blind faith is always a bad thing.
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July 23, 2021, 08:00:23 PM
 #34

There are three kinds of people in the Bitcoin world, idealists, opportunists and faithists.

  • Idealist
    Many early Bitcoin participants were mostly idealists, and they hoped to get a lot of benefits through Bitcoin. But many idealists have not persisted until now. After holding the currency for a period of time, they have not seen more benefits in the currency circle. They chose to withdraw due to their own greed.
  • opportunist
    They prefer the volatility of Bitcoin prices and find opportunities to buy Bitcoin at low prices by analyzing market price fluctuations. When they see a opportunity in the market, they want to realize the freedom of wealth quickly
  • Faithist
    They stick to their beliefs, believe in Bitcoin, and as long as they buy Bitcoin, they are willing to bear its risk. When the price of Bitcoin falls, they will not panic the market and choose to sell, but think it is a good opportunity to buy at a low price.

I think there are more Bitcoin opportunists in the forum. What is your opinion on this? Which one do you think you are?
Opportunist i would say most of the time and for sure majority of people here are really doing the same thing.It wouldnt matter neither which one you  are into those 3 kinds because there would be always one motive.
which is to make money or which to make profit out of our investment and no matter which one you do believe and perceive on then outcome will really be still random because market is way too unpredictable.
Im an opportunist since i do really buy and sell bitcoin actively or even holding which is particularly showing of the characteristic of a Faithist.Honestly, you can really combine these 3 towards your goal in bitcoin.
This might not really be that much important to discuss on because people do share up with the common goal which is to make money.

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July 23, 2021, 08:19:26 PM
 #35

I can be considered as a faithist. I've been with bitcoin for almost 7 years and saw its ups and downs, and bought some of it regardless of the price. Almost lost a good amount of money during the 2018 crash, but still held on and made some substantial gains just by believing on what bitcoin can still achieve. Up until now I still hold some bitcoins for my self and trying to buy whenever my budget permits. It has become a routine for me to buy every month with whatever extra money I have and just hold on it again.

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July 23, 2021, 10:11:45 PM
 #36

A lot of us won't fall into one of these categories but a conglomeration of both. For example a good friend of mine is a purist and believes that when bitcoin dies this industry will die as well along with it. Although his case is quite unprovable at this moment we can safely assume that he is correct, but at the same time he is also an optimist who sees every dump as an opportunity to buy more and hold, yet every now and then when the need calls for it he withdraws his bitcoins for personal consumption. This goes to show that not only is the real world a delicious shade of grey and not black and white as some people would like to assume it is, but this goes for the cryptocurrency world as well.
I can be considered as a faithist. I've been with bitcoin for almost 7 years and saw its ups and downs, and bought some of it regardless of the price. Almost lost a good amount of money during the 2018 crash, but still held on and made some substantial gains just by believing on what bitcoin can still achieve. Up until now I still hold some bitcoins for my self and trying to buy whenever my budget permits. It has become a routine for me to buy every month with whatever extra money I have and just hold on it again.
A majority of us who have been here for more than 3 years can be considered faithists since it takes a lot of patience and mental fortitude for you to not fall prey from the  FUD and the hate that bitcoin receives for breakfast. Not to mention the fact that the price is volatile so we can't really say for sure when we will receive a good jump and when we will receive a price dump. Still, up to this day bitcoin had rewarded its most loyal believers quite dearly, which is why the faithists are the ones who usually win big when it comes to bitcoin.



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July 23, 2021, 10:13:38 PM
 #37

There should be some other kinds and I don't know where I'm going to be categorized.

What if someone possess all of those qualities? But maybe as a faithist, when the market goes with the drop, I'm no longer that guy before that panics whenever I see it.



.
.BIG WINNER!.
[15.00000000 BTC]


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July 23, 2021, 10:22:46 PM
 #38

Well, you can really combine those three mentioned by the OP if you want, --there is nothing wrong if you will sell your bitcoin once you see that there is already a profit and cash out some of them. The opportunist will perhaps commonly be here because they can able wait for the right time of buying bitcoin and the right time selling bitcoin for profit. But I do not easily get panic at all, I know how to hold much longer time and aim for a better profit that could potentially sell when there is an opportunity. No matter what it is, at least we are very oriented well here.









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July 23, 2021, 11:23:22 PM
 #39

I have practiced the three types of people you describe based on my bitcoin preference.
My choice is holding bitcoin for a long time. Although I own some altcoins, I need bitcoin in my portfolio because I want to know its future as an idealist.

The entire crypto market needs bitcoin based on the experience that we have lived through, despite its volatility, it is the most supported digital asset in the world.
Bitcoin since its inception has changed history and the most prominent statesmen follow its course stealthily.

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July 23, 2021, 11:26:09 PM
 #40

There should be some other kinds and I don't know where I'm going to be categorized.

What if someone possess all of those qualities? But maybe as a faithist, when the market goes with the drop, I'm no longer that guy before that panics whenever I see it.
Agree with that, everyone has the reason why they come here and it was their choice, but I think that we are all considered as an opportunist.
In fact, we have thought that Bitcoin seems to be our opportunity to have a better living and that is why people are coming. But the question about faith and being an idealist is not what I see. Yeah, many just lost their faith once the market declines and turn their mindset into negative.

R


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