Bitcoin an angel in disguise also reasons to cry

[pooya87]

The final experience you are going to have with bitcoin depends on how you view bitcoin.

If you think of bitcoin as a get rich quick scheme and then buy it emotionally and sell it emotionally, it is obvious that your irrational behavior will leave you with a negative experience in the end. In other words losing money is guaranteed for you whether you find bitcoin when it is worth $1 or $1 million.

But if you think of bitcoin as it was meant to, meaning as a currency, then you soon realize that the price is not the only thing that matters specially the short term fluctuations. Then you start having a more positive experience.

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[CryptoHeadlineNews]

yet it has crashed a lot of made men turning them from grace to grass,

I strongly don't agree with this very statement of yours, because Bitcoin is not a Ponzi scheme that crashes and runs away with people's money, but I think it is because of the person's inability to be patient enough after a fall in the price of bitcoin for another rise that makes such persons lose money after rushing to sell their coins. Because this is the very concept many fail to understand that Bitcoin is a volatile currency controlled by no one but the market demand and supply which after each fall rises back.
And that's why I always tell people that the best way to make profits with Bitcoin is to buy and hold for a long period like 5yrs to 10yrs.
I am from Nigeria, and I can proudly say that bitcoin has greatly helped our youths than the government, because with the help of Bitcoin trading, and p2p buying and selling, you can see guys in their early 20s, building houses, buying cars, and living a comfortable life.

[GeorgeJohn]

Bitcoin has expanded the world and created a smiley face on many ,bitcoin has helped make youths become rich and more productive .yet it has crashed alot of made men turning them from grace to grass,while many see reasons to merry on their cash out ,some experience sorrow..Bitcoin has help the world go cashless and also has alot of goodies to offer in as much as it also comes with regrets at the other hand.

People don't understand the concept of cryptocurrency and especially bitcoin, you people are just seeing as the pathway of getting rich, but knowing that bitcoin creation is not an option of getting rich, from my perspective people who adventure into cryptocurrency, understand that bitcoin is merely use for investment and it's the major reason while people seems it as scheme of richness factor, is because of it speculation and profit making over long term investment and it's propagation..shall Bitcoin awareness has dominated the ground so people know rushed down into it to make money..

[Mpamaegbu]

Bitcoin is like a knife, has two sides, both good and bad.

A two-edged sword, actually.

Those who weep when they're cut in bits from dump only glory when they escape its negative touch. Whatever happens with Bitcoin should be all encompassing, whether good or bad, and hodlers should embrace both. Nonetheless, let me stress here that what I think has given Bitcoin that fond love and admiration isn't its use as a mean of payment but its speculative nature. Investors buy and keep Bitcoin because of its nature as an asset. As an asset I tend to see Bitcoin not from the angle of land (which doesn't lose value) but from the point of an asset that can appreciate (pump) and depreciate (dump).

[Gosgosking]

Bitcoin don't make rich if you have nothing, don't expect to be a millionaire in a short when you don't have any job or source that brings money. Bitcoin helps one to be financially free, one of the best way to enjoy Bitcoin is to have a job while investing in bitcoin by holding, people who became buoyant in Bitcoin made it by holding Bitcoin for sometime.

[Findingnemo]

Bitcoin didn't create anything nor destroyed nothing, everyone just facing the consequences of their actions so called investments. The one who made right investment at the right time made profits and the one who did the things in wrong time made them to lose their money. Lets assume bitcoin is a clay so we have to decide what we are going to do with it, we can make something out of it so it can be used in our life or else we simply let it dry and become a stone.

[KingsDen]

...yet it has crashed alot of made men turning them from grace to grass,while many see reasons to merry on their cash out ,some experience sorrow..

Bitcoin can be many things to different people. To some it can be;
A speculative tool to study the movement of other cryptocurrencies.
It could also be an investment asset to many.
Some sees it as a bubble that will surely burst no matter how long it is prolonged.
Then, only a few understands and sees bitcoin as a currency.

What you see bitcoin as does not really affect what it is, then;
Bitcoin is first a currency before any other thing as proposed in bitcoin whitepaper.
So, it is not common that someone will lose much money leaving a currency in another currency. Just that bitcoin is a volitile currency and should be treated with care.

[Doan9269]

yet it has crashed alot of made men turning them from grace to grass,

I think I need to make an emphasis on this, bitcoin does not make any to cry. those that cried have the responsibility on themselves as a matter of fact they are the major cause to that, it's either due to their lack of knowledge, or carelessness in handling their sensitive credentials such as seed phrase, and the keys generated to accessing their wallet on the Blockchain. Some also fall in the hands of scammers while some experience a hacking attack.

Individual can have one or two reasons that might orchestrated their fall while dealing with bitcoin as a result of their lapses in securing their digital assets, should all this be directed on Satoshi or individuals should bear the responsibility? I can't start with the mentions how bitcoin has been a help in the world economy system and on humanity as a whole, those that also invest majorly on altcoins are more likely to get affected the most.

[Mr.right85]

Bitcoin has expanded the world and created a smiley face on many ,bitcoin has helped make youths become rich and more productive .yet it has crashed alot of made men turning them from grace to grass,while many see reasons to merry on their cash out ,some experience sorrow..Bitcoin has help the world go cashless and also has alot of goodies to offer in as much as it also comes with regrets at the other hand.

For many reasons I feel most of the ideas proposed in this post is wrong, very wrong at that!
Bitcoin has never made any one poor or cry but rather, the ideas one tends to go about it has. Let's look at it this way;

The original idea that brought forth bitcoin was for it to serve for a currency. Some people still upholds to this idea up till today while others do not. That brings me to the question,
How can a currency make you sad or cry for being just a medium of exchange?

Yeah, bitcoin has turned into an asset and a one that comes with huge value at that. It has become a known fact that hodlers with the patience to wait on holdings till it appreciates in value are sure to make profits on there hodlings.
Now, you go broke and result to selling at a bearish market after buying in a bull season!
How is this the fault of bitcoin?

You get scammed using bitcoin as a payment medium,
How has that got anything to do with bitcoin making you cry in the end?

If we are to talk about altcoin, following the tons of them put there with the pumps & dumps and the scam projects, that I could see reasons with you but still, you can blame it on ignorance and your inability to identify a legit project.

So you see, bitcoin haven't made anyone cry or sad and lots of things like that but your ideas towards the system has. It's not a get rich quick scheme but a currency for exchange and transfer of value across space and time.

[rby]

The original idea that brought forth bitcoin was for it to serve for a currency. Some people still upholds to this idea up till today while others do not. That brings me to the question,
How can a currency make you sad or cry for being just a medium of exchange?

You make some good points in your post and you also asked a question, I want to differ slightly with your view in this subject matter.
You asked how a currency will make one cry by being just a currency. This question is blind to the nature of bitcoin. In as much as we understand that bitcoin is a currency we should know that bitcoin is volitile.
If Mr. A saves $1000 in another currency like Euro, from last year till now, even if euro depreciates, he will still see at least $950 worth of it. But this cannot be said when someone got $1000 worth of bitcoin when bitcoin was $62k. By now he should be seeing $350 or so.
I wish you can understand what I meant. So, Op is write that bitcoin can make one cry if you do not observe it. And it can also make you rich.

If I want to buy a car with bitcoin, and save my whole bitcoin to get the car and I couldn't get it today. By tomorrow on getting to the car shop I discovered that my bitcoin is down by 6%, I will not be happy. No currency does that. So, in as much as volatility is in bitcoin, it cannot be seen 100% as a currency.

[lovesmayfamilis]

So you see, bitcoin haven't made anyone cry or sad and lots of things like that but your ideas towards the system has. It's not a get rich quick scheme but a currency for exchange and transfer of value across space and time.

I agree. All the tears that the OP attributes to bitcoin could have come from inexperience, stupidity, or the inattention of the very people who owned it. If you recall the stories of lost keys, when people realized after a few years that they could be rich, but by their mistake, lost access to their wallets, these are, of course, tears. But this is not Bitcoin's fault. All investments that have undergone volatility are also not the fault of bitcoin. It has always been like this, and all the minuses and pluses had to be taken into account. But you're right, the one who knows how to wait is still a good plus. No one has ever promised eternal profit. There is probably something in this if we talk about the need to sacrifice something to make a profit in the future. In the case of bitcoin, this is patience, attention, and maybe the ability to take risks.

[Coyster]

we should know that bitcoin is volitile.

There is no denying the fact that Bitcoin is volatile, it is yet to attain stability, but we could see that in the coming years, remember how old Bitcoin is by the way. Fiat currencies are also subject to inflation, and quite a lot of them lose a lot of their value, especially currencies of underdeveloped countries, it does not make them any less of a currency, does it. If you look at most fiat currecies from three years ago till now you'd see how much value they have lost to inflation; a product of the pandemic, printing more money, etc, Bitcoin on the other hand plunges based on supply and demand factor, FUD, etc. So that is it, different kinds of currencies, with different characteristics.

A saves $1000 in another currency like Euro, from last year till now, even if euro depreciates, he will still see at least $950 worth of it. But this cannot be said when someone got $1000 worth of bitcoin when bitcoin was $62k. By now he should be seeing $350 or so.
I wish you can understand what I meant. So, Op is write that bitcoin can make one cry if you do not observe it. And it can also make you rich.

The thing is this, all of this is caused by volatility, and anyone who uses or plans to use Bitcoin must know this, they have to do their own research, i do not know much about the inflation levels in Europe, but if i am to use my country as a case study, and use cooking gas as the example in my case study, right now we are paying twice the price for a kg of cooking gas compared to what we payed last year, that is inflation, the cost of living is up here, and the value of our money has reduced. That is somewhat the same scenario with Bitcoin volatility, do not also forget that we are talking about fiat currencies that dates back to many years ago, and Bitcoin that is a relatively new currency.

If I want to buy a car with bitcoin, and save my whole bitcoin to get the car and I couldn't get it today. By tomorrow on getting to the car shop I discovered that my bitcoin is down by 6%, I will not be happy. No currency does that. So, in as much as volatility is in bitcoin, it cannot be seen 100% as a currency.

It is 100% a currency cause it is a medium of exchange, of course you just said it is possible to purchase your car with it, every other thing like its volatility is part of its downsides, which every currency/medium of exchange has.

[Oceat]

If you expect something from Bitcoin than what was intended as the real purpose of it, then you clearly don't know why Satoshi made Bitcoin. Some people would think different because they think that Bitcoin is the answer to their prayers after seeing how the price would went upward during the bull run but gets disappointed when the bear market is coming.

Change your mindset because clearly, Bitcoin is not the way to get-rich-quick.