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Author Topic: There are three kinds of people in the Bitcoin world  (Read 821 times)
Caldear (OP)
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July 23, 2021, 09:13:28 AM
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 #1

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?
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July 23, 2021, 09:23:57 AM
 #2

I don't know what category will fall but we have what we call,

Bitcoin Maximalist - bitcoin enthusiast who believes that we should only have one crypto and that is BTC. Those are hardcore believers and according to them, all other crypto like altcoins are but inferior.

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July 23, 2021, 10:01:27 AM
 #3

There are three kinds of people in the Bitcoin world, idealists, opportunists and faithists.
Based on the definition of each people, you just changed the names for investors (short), traders/speculators, hodlers. Mind you that these groups doesn't exist only in bitcoin but also on altcoins and other financial markets.

Bitcoin Maximalist
I prefer to call them purists.
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July 23, 2021, 10:22:13 AM
 #4

Most people aren't binary, whereas just because someone is a hardcore Bitcoiner doesn't automatically mean that he/she will just automatically shun out and ignore other non-Bitcoin projects. And I see myself to be in this category; a Bitcoin mostlymalist!

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July 23, 2021, 10:24:25 AM
 #5

Bitcoin Maximalist - bitcoin enthusiast who believes that we should only have one crypto and that is BTC. Those are hardcore believers and according to them, all other crypto like altcoins are but inferior.
Wasn't the "maximalist" defined as those who don't want any kind of change in the Bitcoin network and who think Bitcoin is only good as long as Satoshi's fundamental ideas remain completely unchanged? I've seen those kind of people referred to as "maximalists" around here back when SegWit was hyped up while they were against it
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July 23, 2021, 10:38:52 AM
 #6

  • Idealist
  • Faithist

I somehow think that idealist and faithist are rather similar concepts.

Bitcoin Maximalist
I prefer to call them purists.

Not all bitcoin maximalists are purists. Some are maximalists simply because they don't find the altcoins appealing for them (and frankly, most altcoins' price evolution was disappointing).


All in all, OP classification is incomplete; there are many ways to see/classify the people vs bitcoin.

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

There were many waves of people coming here only to earn some easy money. Are they bitcoin opportunists? No, because most of them are not even bitcoiners.

Which one do you think you are?

I could say that I'm kind of "a bit of everything" (although not literally). I am not a purist, but I dislike most of the altcoins; I am not maximalist, but not too far from that; I do believe in Bitcoin future and I HODL some; and I'm an opportunist too, since I don't say no for a quick buck.

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July 23, 2021, 11:14:48 AM
 #7

Which one do you think you are?
I don't know if those three elements fall into my category or not.

However, I've looked and people involved in Bitcoin say something more interesting.
Maybe you need to look again: Four types of people you’ll meet at the bitcoin market, this one looks more accurate.

R


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July 23, 2021, 11:24:10 AM
 #8

I differentiate only two categories of Bitcoin users:

1.People who believe that Bitcoin and blockchain technology is the future and after X amount of years,Bitcoin will dominate the world of finance.You can call them Bitcoin maximalists.

2.People who view Bitcoin as a way to make "easy" money(by trading or HODLing),so they are into the BTC community only for the money and nothing else.
They don't care about blockchain technology,hashrate,Segwit,Taproot,sidechain projects like Lightning Network or cryptography.
They only care about the BTC price,making money and that's it.
I don't know how to call them.Maybe "greedy traders" is a good name. Grin

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July 23, 2021, 11:39:18 AM
 #9

There's another kind of personality in bitcoin world and that is a combination of the three that you've listed, meaning that that person is smart and practical in terms of his/her investment. That person believes in the potential of the market but is also smart enough to get those opportunity whenever it presents.
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July 23, 2021, 11:57:08 AM
 #10

Most people aren't binary, whereas just because someone is a hardcore Bitcoiner doesn't automatically mean that he/she will just automatically shun out and ignore other non-Bitcoin projects. And I see myself to be in this category; a Bitcoin mostlymalist!

It just depends or the individual whether they're only big on Bitcoin, big on both altcoins and bitcoin (with Bitcoin being the primary asset choice) or they might have same level of interest across all crypto projects. For instance, I'm big on bitcoin and a few high cap altcoins (won't mention name) and you're on mostly bitcoin with some interest in other projects. Another person might just don't like bitcoin but is totally in on altcoin projects.

This is because as humans, we're all different and there's enough more categories than OP or other community members have commented about.

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July 23, 2021, 12:20:40 PM
 #11


    • 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?
    Then this must be me?

    Now i know what to call myself in crypto Faithlist .

    But ic an considerably called this as HOLDER instead because the willingness to remain in investing even the market is falling is showing how i can hold for long term basis.

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    July 23, 2021, 01:18:48 PM
     #12

    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.
    Then they belong to the "opportunist" category instead.

    I think there are more Bitcoin opportunists in the forum. What is your opinion on this?
    Opportunists, "yes" but I wouldn't attach BTCitcoin to them.

    Which one do you think you are?
    From the categories that you've named, I'd identify myself as an idealist [when it comes to its benefits, most users aren't under enough pressure to see or feel everything and as a result, they tend to take it for granted].

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    July 23, 2021, 01:20:40 PM
     #13

    maybe I belong to the idealist and opportunist group you mentioned
    where sometimes my greed comes out of my instincts, wants to get big profits by buying cheap and selling at high prices (housewife principle)
    Now for the Faithist group, it's far from me where I easily panic when I see the market starting to move down
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    July 23, 2021, 01:40:23 PM
     #14

    I belong to the opportunist type where I always buy coins at low prices and sell when the price goes up, for example in a percentage of 75% of my purchase value, and I am grateful that I have felt financial freedom from trading results.

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    July 23, 2021, 01:58:17 PM
     #15

    I think there are more Bitcoin opportunists in the forum. What is your opinion on this? Which one do you think you are?
    In my opinion, the classification of people is not the same as the classification of objects, it does not carry meaning by consistency. I mean, people are very intelligent, they can combine the qualities, characteristics, reason, timing to create harmony, similarity,... personally I am still looking for a harmony. between idealism and opportunism. Actively and creatively changing between characteristics and personality is a key to success.
    I'm not a conservative in my life, work and investing.
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    July 23, 2021, 02:05:51 PM
     #16

    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?

    Actually, there are official terms used for the different kinds of people there are in the cryptocurrency community. In fact, it is used in different platforms as well whereas investments and trading are a thing. Short-term investor, long-term investor, trader, speculator, and scalper; these are commonly the groups of people residing in an investment platform. They have different goals like what you stated. Some are in it for the long term, some are in it for the short term and they just do whatever they want to do with their funds. They would either, hold or trade depending on their needs. There is also a combination of two or more personalities. I guess it's more of the mixed personality side because there are certain circumstances we have and want to do different techniques to make our money grow.

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    Dave1
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    July 23, 2021, 02:11:42 PM
     #17

    So might as well add:

    (a) perma-bull - always have bullish outlook of the bitcoin market
    (b) perma-bear - always negative on the direction of the bitcoin market

    as far as opportunist goes, it applies to all, everyone always look to buy cheap bitcoins.

    I think faithish or idealist is the same.

     
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    Reid
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    July 23, 2021, 02:31:17 PM
     #18

    I think I am on the mix of Faithist and Opportunist. Actually, as you defined it they are almost the same.
    Faithist will also try to take the opportunity to buy more when the price is in the range of their target.
    The only difference is the former one will keep it while the latter will sell it.

    I have nothing against any beliefs or whatever they are called, if we are all the same then we may never find a volatile market anymore. I guess that proves we are still free.
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    July 23, 2021, 02:57:04 PM
     #19

    ...

    from what you said, it looks like I'm at number 3...

    I am currently a BTC holder, I have not traded in the last few months and still believe that the price of BTC will increase. Besides that, being a holder makes me more relaxed in carrying out my other activities such as taking care of children.

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    haidil
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    July 23, 2021, 02:59:00 PM
     #20

    technically a genuine idealist in fact they will still be here because if we look at the idealist sense itself is a person who acts based on unique empirical experience, thoughts, and high ideals to achieve maximum results. from here they should have understood that from previous experience and seeing from year to year bitcoin has always increased quite well and it is impossible to leave bitcoin that easily if they are a true idealist.
    other than that I prefer to classify people who are opportunist as rationalists. because basically everyone also wants the same thing and is looking for opportunities to buy bitcoin at a low price and sell at a higher price.

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