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Author Topic: What if stop believing about bitcoin ?  (Read 725 times)
Cryptmuster
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October 06, 2021, 08:16:42 AM
 #61

This misconception is also believed by many especially those who don't have much idea about bitcoin and this complete cryptocurrency, believe this misconception many of them think that the price of bitcoin will never go up so they stop investing. Bitcoin is becoming more popular as the days go by investors have made a lot of profit through investment the crypto market is profitable for not being stable.

Bitcoin is becoming more and more popular, more and more people are learning about cryptocurrency and want to invest their money in it. In the future, everyone will want to own at least some bit of bitcoin, couple satoshi, and therefore the price of bitcoin will grow, its quantity is limited, and there are a lot of people on the planet. Therefore, I believe that Bitcoin now has a very large potential for growth.

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October 06, 2021, 09:05:34 AM
 #62

Nothing will change, the market will always be there and it's not going to adjust to what you believe in, remember that bitcoin is just a market and it's not like it only depends on one person even if they own a lot of it.

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October 06, 2021, 09:06:15 AM
 #63

if you don't believe there are still many people who believe our community is strong ,I believe the price of bitcoin will up and I also believe the price can down ,everyone needs are born from believe you should know that life must trust each other for mutual benefit actually bitcoin is not the same as gold or fiat ,bitcoin can to the moon
the benefits are much greater and do not damage the natural environment because paper money/fiat and gold destroy our nature ,while bitcoin is beneficial don't destroy nature for people who believe at the same time we liberate nature and protect this earth

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October 06, 2021, 12:15:20 PM
 #64

Bitcoin has no physical presence. What if we just stop believing in bitcoin. I mean every country has the equivalent of gold to their fiat. Bitcoin has no gold or physical value. Can this ever happen ?

Bitcoin is an intangible thing that has value despite not being backed up by gold. Because foremost, bitcoin is a decentralized asset, hence, there's no way it would be backed up by anything such as gold. Not being backed up by gold nor not having a physical appearance doesn't necessarily mean bitcoin will have no value. It doesn't work like that. Bitcoin can stand on its own and can show its full potential as long as there is market demand. The market is the one that controls the price movement of bitcoin, not gold, not the government. In addition, not every country has equivalent gold to their fiat money. I think you're just assuming things without counterchecking it on the internet.

If you'll compare bitcoin to fiat money, you'll really see the big difference between the two. Bitcoin is scarce and decentralized. Meaning it has a very limited supply and isn't controlled nor manipulated by anyone. Unlike that of fiat that can be printed excessively depending on the needs and of the country or whenever it may deem necessary by the state. Adding the fact that the money circulation and printed is always manipulated by the government which makes it more prone to inflation.

To answer if this would happen or not, it's subjective because we all have different perspectives and stances about something. Personally, I won't stop believing in bitcoin because it has proven itself to me numerous times already how reliable it is anytime, anywhere. There are two sides to everything - proposition and opposition. It's just really up to us where we want to side. I would like to be excluded from the narrative of stopping believing in bitcoin though.

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October 06, 2021, 12:20:18 PM
 #65

Bitcoin has no physical presence. What if we just stop believing in bitcoin. I mean every country has the equivalent of gold to their fiat. Bitcoin has no gold or physical value. Can this ever happen ?
When you trust something, it will be very hard for you to remove the trust from it unless something bad will happen.
Same with us who trusts Bitcoin for a long time already so don't add me into that "we" that you are saying Smiley. I will just remove my trust into Bitcoin when it turns out to be a scam and nothing more.

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October 06, 2021, 12:23:24 PM
 #66

Nothing will change, the market will always be there and it's not going to adjust to what you believe in, remember that bitcoin is just a market and it's not like it only depends on one person even if they own a lot of it.
Yup, let them stop belief in bitcoin and they will regret it someday. We believe in bitcoin because bitcoin already helps us survive, especially in this pandemic, so we can still make money and live.

It does not affect bitcoin if some people decide to stop believing because many others will still believe in bitcoin and want to have more bitcoin for their future. But we can not force them to believe because that will be up to them.


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October 06, 2021, 12:28:20 PM
 #67

Nothing will change, the market will always be there and it's not going to adjust to what you believe in, remember that bitcoin is just a market and it's not like it only depends on one person even if they own a lot of it.
Yup, let them stop belief in bitcoin and they will regret it someday. We believe in bitcoin because bitcoin already helps us survive, especially in this pandemic, so we can still make money and live.

It does not affect bitcoin if some people decide to stop believing because many others will still believe in bitcoin and want to have more bitcoin for their future. But we can not force them to believe because that will be up to them.

Yeah let them stop their belief in bitcoin since its not our loss if they stop taking bitcoin and for sure they will regret their decision made once bitcoin bull run back again then it reach to 6 digits figures in price.

It somehow doesn't affect knowing how big the bitcoin community is and for sure there are more people will be added and they are not a total lose for quitting on it.

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October 06, 2021, 12:41:25 PM
 #68

if you no longer believe in bitcoin it's a right for everyone, because in essence trust will surely fade over time, but we need to realize bitcoin will definitely last a very long time, we can see now the country has legalized bitcoin, and has accepted bitcoin as a legal currency..
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October 06, 2021, 03:27:16 PM
 #69

Bitcoin has no physical presence. What if we just stop believing in bitcoin. I mean every country has the equivalent of gold to their fiat. Bitcoin has no gold or physical value. Can this ever happen?
No physical presence is a good thing so it won't be controlled, bitcoin cannot be touched like fiat or gold, but its value to those who own it is priceless. The value of Bitcoin is already higher than gold, so what are your doubts?
trust in bitcoin is growing rapidly at times like this, even bitcoin has become a currency in one of these countries, this is a sign that in the future bitcoin will be more trusted in other countries, so that bitcoin trust in the future will increase and even beat fiat in my opinion.
Bitcoin is being trusted more than ever, currency manipulation by major powers, central banks is causing people to lose faith in fiat, and bitcoin is the savior we've been looking for for so long.

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October 06, 2021, 04:52:05 PM
Merited by ivankoh (1)
 #70

Bitcoin has no physical presence. What if we just stop believing in bitcoin.
Well, I don't recommend anything if you lose faith in bitcoin even in life. It creates bad, dangerous things and always fails. Beliefs can be positive or negative, but what matters is right or wrong, prejudices, feelings or beliefs that accompany actions. For example, you believe that you will be successful in life, and you work hard to hope for that. When you trust bitcoin, you go with action and determination.

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October 06, 2021, 04:59:40 PM
 #71

Losing faith in Bitcoin?  That would be taboo for everyone.  As with anything, belief has a tremendous power to drive success.  In the past, during wars, when people faced defeat and slavery, faith was a lesson, which could be summed up in a song to increase fighting strength, hope and hard work.  In the crypto space, losing faith in bitcoin is stupid.  Faith also represents will, loyalty, patience.  That's what makes us emotional.

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October 06, 2021, 05:32:38 PM
 #72

Bitcoin has no physical presence. What if we just stop believing in bitcoin. I mean every country has the equivalent of gold to their fiat. Bitcoin has no gold or physical value. Can this ever happen ?
The bitcoin has gained and still gaining its popularity from its limited supply and the people that are constantly making transactions with it, but if you think about it fiat first started being backed by gold and then little by little governments started printing more and no caring about the cause and giving their own values to their own currency, so if anything we should be losing faith in the fiat and we should stop believing in it and not stop believing in bitcoin because it is the future.
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October 06, 2021, 06:40:41 PM
 #73

Bitcoin has no physical presence. What if we just stop believing in bitcoin. I mean every country has the equivalent of gold to their fiat. Bitcoin has no gold or physical value. Can this ever happen ?
Bitcoin certainly does not have a physical, bitcoin is simply a digital currency that is traded to earn fiat. If you say Fiat has real physicality and value, this is governed by humans. this is also the same as bitcoin, its value is also regulated by humans, so bitcoin has a price and makes bitcoin trading or bitcoin investment a work space to earn fiat. For me bitcoin is a space to acquire fiat with the aim of financial freedom.

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October 06, 2021, 07:52:47 PM
 #74

In this digital world, why we should avoid the importance of Bitcoin? People are believing Bitcoin and we are getting the benefits of it. I think there is no reason to stop believing in it. If we think about the crypto market, Bitcoin is leading from ahead.

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October 07, 2021, 02:55:12 AM
 #75

Nothing will change, the market will always be there and it's not going to adjust to what you believe in, remember that bitcoin is just a market and it's not like it only depends on one person even if they own a lot of it.
Yup, let them stop belief in bitcoin and they will regret it someday. We believe in bitcoin because bitcoin already helps us survive, especially in this pandemic, so we can still make money and live.

It does not affect bitcoin if some people decide to stop believing because many others will still believe in bitcoin and want to have more bitcoin for their future. But we can not force them to believe because that will be up to them.

Yeah let them stop their belief in bitcoin since its not our loss if they stop taking bitcoin and for sure they will regret their decision made once bitcoin bull run back again then it reach to 6 digits figures in price.

It somehow doesn't affect knowing how big the bitcoin community is and for sure there are more people will be added and they are not a total lose for quitting on it.
The bitcoin community will not stop believing in bitcoin because they want to achieve their goals, seeing bitcoin prices reach more than just $100k. I think they now regret it because it is late to buy bitcoin when the price is lower than $45k. If they want to still to buy at that price, maybe they need to wait for some time because I think the bitcoin price will increase more in the rest of this year. But if they realize how big bitcoin potential to increase in the future, they will start to buy bitcoin now and just hold and make another buy when the correction is coming.


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October 07, 2021, 03:00:19 AM
 #76

Assuming that everyone does that, then that can only mean that bitcoin will crash and there's no more recovery or bounce back because with no one believing in bitcoin, no one is also going to use it and without any users, the demand will fall. That's the simple scenario that will happen when we  all do that.

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October 07, 2021, 04:25:35 AM
 #77

Assuming that everyone does that, then that can only mean that bitcoin will crash and there's no more recovery or bounce back because with no one believing in bitcoin, no one is also going to use it and without any users, the demand will fall. That's the simple scenario that will happen when we  all do that.

As long as the community of bitcoin believes in the true value of this digital currency I would doubt that bitcoin will be losing its value. But on the other hand, we all knew that the community of bitcoin that believes in the worth or value of these assets are the true real representation of the existence of bitcoin in the economy and if people will lose it's faith and stop believing in bitcoin then I think this is the point that I'll get worried for the worst case scenario.

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October 07, 2021, 04:10:40 PM
 #78

Bitcoin has no physical presence. What if we just stop believing in bitcoin. I mean every country has the equivalent of gold to their fiat. Bitcoin has no gold or physical value. Can this ever happen ?

Interesting. I guess to lots of people, "seeing is believing". Those that are used to the physical would be toned more to physical/tangible things.
 I think they would make sense of the virtual coin if it can be touched, Maybe exchanging a "physical bitcoin" with peers for products or services will convince them.
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October 07, 2021, 05:02:14 PM
 #79

Since ancient times there have been incredulous people in our time we see it daily. I share a teaching of the bible that is presented to me on many occasions by which I identify myself. With my thinking I am only comparing that we are lucky because we believe in bitcoin. The biblical passage in reference is when Jesus resurrected on the third day and met his disciples and spoke especially to Tomas.

Quote
Jesus said to him, "Because you have seen me, you have believed. Blessed are those who have not seen, and have believed."

https://en.wikipedia.org/wiki/John_20:29

The same thing happens to me with bitcoin and with other circumstantial things in life, you have to know how to identify what is real and bitcoin is one of them. Thanks to our belief in bitcoin, it occupies the position number 9 in the world capital market.

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October 08, 2021, 03:01:41 PM
 #80

If we hypothetically stopped believing in bitcoin we will probably see the market becoming insignificant and the market plummeting really fast, but those things can't happen. I mean no way that everyone in this crypto community is thinking the same thing and are agreeing on the same thing, it's close to impossible from ever happening.

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