Why i believe in bitcoin!! An amateur's outlook.

[jokers10]

On the way of bitcoin to its peaks and overcoming the next ATH, there will be an incredible amount of fud during the fall and subsequent exclamations of buy, buy when the next rise is reached, so this is a two-way road and the number of supporters and opponents of bitcoin grows and falls synchronously with its course and here faith really acquires value.

To see the situation in general you need to learn enough about Bitcoin and it's technical features from one side and basics of economy from another side. But mostly people are just following popular trends so IMO the situation with dichotomous attitude to Bitcoin based on bear or bull rally will last as long as Bitcoin will exist.

[bitzizzix]

Those who previously did not believe in bitcoin or who are new to bitcoin, sooner or later finally have the desire to get involved or get to know bitcoin at least its functions and benefits for the long term after history proves.
and what you have to instill in yourself to get involved in bitcoin is trust, because without trust you will hesitate and get stuck in the journey and believe that bitcoin will be profitable in the long run. And just remind you to make purchases with money you can afford to lose and if you only believe in bitcoin do and keep learning like diving while drinking water.

[South Park]

While lot of people off late were saying that bitcoin is finally doomed to fall. Recently my trust in bitcoin has substantially increased because of the  way it held its value against market forces .

Literary every time there is any kind of drop, a lot of cockroaches crawl out of their holes to say "bitcoin is doomed". Interestingly enough there is more of them when we are at the bottom and during accumulation phases.
In any case you should "trust" bitcoin because of its technology and utilities not because of its price. In fact the only reason why price holds and in the long run keeps going on is because bitcoin offers a very unique utility that nothing else in the world does. A decentralized payment system that can not be censored.

Those which only focus on the price have it backwards, which help us to explain how those very same people eventually decide to invest in shitcoins as they believe price is everything, then they get scammed and become one of those people which claim that bitcoin is a scam as well or something ridiculous like that, the value of bitcoin as you state comes from its utility and its network effect, which as times passes is only getting stronger.

[Minecache]

I first learned about Bitcoin in 2013-14. I was a clueless teenager back then, with no access to exchanges or a way to acquire Bitcoin. Admittedly, I was on the scene relatively early, seeing that it was worth as little as $200. Honestly, I've seen Bitcoin plummet and recover numerous times, and especially after the large market crash in late 2017, I'm more confident than ever. As long as you're patient enough, you'll have a good chance of making a successful investment. Also, don't compare Bitcoin with fiat currencies, it's no use. While they're both currencies, they share very little similarities. It'd be more sensible to compare it with gold rather than EUR or USD.

Welcome to the Bitcoin world. I wish you the best.

I guess after the crash of 2017 most people started to have strong faith in bitcoin, back then there were very few people who believed bitcoin would go as high as it is today. I know bitcoin 2014 myself, bitcoin price then was $300, but I think bitcoin is just a ponzi scheme and sooner or later it dies and the crash of 2017 was the most horrifying accident I have ever seen. But then bitcoin recovered and hit a new ATH, my faith in bitcoin really changed. Can say I am willing to bet someone if they say bitcoin will never rise again. I am very sure about the near future of bitcoin.

[Vaskiy]

I first learned about Bitcoin in 2013-14. I was a clueless teenager back then, with no access to exchanges or a way to acquire Bitcoin. Admittedly, I was on the scene relatively early, seeing that it was worth as little as $200. Honestly, I've seen Bitcoin plummet and recover numerous times, and especially after the large market crash in late 2017, I'm more confident than ever. As long as you're patient enough, you'll have a good chance of making a successful investment. Also, don't compare Bitcoin with fiat currencies, it's no use. While they're both currencies, they share very little similarities. It'd be more sensible to compare it with gold rather than EUR or USD.

Welcome to the Bitcoin world. I wish you the best.

I guess after the crash of 2017 most people started to have strong faith in bitcoin, back then there were very few people who believed bitcoin would go as high as it is today. I know bitcoin 2014 myself, bitcoin price then was $300, but I think bitcoin is just a ponzi scheme and sooner or later it dies and the crash of 2017 was the most horrifying accident I have ever seen. But then bitcoin recovered and hit a new ATH, my faith in bitcoin really changed. Can say I am willing to bet someone if they say bitcoin will never rise again. I am very sure about the near future of bitcoin.

Most of the users experienced it. During the year 2017 it was a learning, because the market bounce happened when no one is expecting it. Whenever there is something negative in the market, people come up with the decision that bitcoin have died. This is common and this was much felt during the end days of 2018 as the price fell low close around $3500 from the price which was around $21k an year back. Beleive and surely you'll be profited.

[Hiveonm]

Bitcoin is a new concept of financial order, free and human, and my trusted long-term investment hard currency.

[xzy887]

Your question is good but in this modern civilization who still can't trust Bitcoin is nothing but a fool. If you compare Bitcoin 10 years ago to Bitcoin today you can see how much Bitcoin has changed. And how popular Bitcoin was when it was first in the market and how popular it is now. These are only possible because of people's faith and trust in Bitcoin.Now people believe that Bitcoin is our future asset. You will notice that Bitcoin is being legalized in almost all countries and all major countries are interested in doing transactions through Bitcoin. They understand the use of Bitcoin.You yourself will understand the use of bitcoin one day but do it as soon as possible because very soon all countries will be using bitcoin and then you will call yourself a fool just like now the people who believe about bitcoin are calling themselves fools. If they believed in Bitcoin 10 years ago and knew about Bitcoin, they could have profited a lot today.

[8rch7]

I guess that's part of the natural evolution, I mean when people says that a certain invention is going to fall and it will be doom, guess what, it will go the other way around. Just like in the beginning, yes many people invested on bitcoin but sell early because they think it's going to die. And majority of them are not regretting their decision to sell early because bitcoin really took off in the last 10 years or so. Not to late to invest right now, the price is very cheap so take advantage of this situation.

It's true as you say it's not too late to invest now, because we have to take the opportunity to buy bitcoin when the price goes down, because we learn from the bitcoin price in previous years when the bitcoin price shot up all regretted selling bitcoin early and couldn't wait to hold bitcoin longer, I personally like bitcoin because the price of bitcoin is very difficult to guess, I have also felt the peace of holding bitcoin, patience is needed for people who hold bitcoin.

[Apocollapse]

I personally like bitcoin because the price of bitcoin is very difficult to guess, I have also felt the peace of holding bitcoin, patience is needed for people who hold bitcoin.

If the reason you choose a coin because the price is very difficult to guess, you're wrong to choose Bitcoin. Shitcoins and memecoins is the most harder to guess the price since no one can know when the developer want to manipulate the market and when the coin will become a dead coin. Of course I don't mean to encourage you to buy shitcoins and memecoins, but I just saying the reason you like Bitcoin because of the price is difficult to guess is wrong.

Actually most users seems already predict Bitcoin price will increase after 4 years cycle.

[Odusko]

Ops you have done well by building this body of knowledge around Bitcoin and raising your confidence level for Bitcoin to the point you are ready to hold your Bitcoin investment for a decade.
And also I commend you for choosing to have schooled yourself with various aspects that aid Bitcoin holding such as wallet and exchanges, but lastly, my advice will be.
Don't have so much dependent on news and fud who are saying Bitcoin will deep on price further than what it is right now because that is the sure way to breed fear that can lead to panic sell, so I advise you to build your confidence more because that is what will sustain you whenever there is sudden price reaction.

[Ayers]

I personally like bitcoin because the price of bitcoin is very difficult to guess, I have also felt the peace of holding bitcoin, patience is needed for people who hold bitcoin.

If the reason you choose a coin because the price is very difficult to guess, you're wrong to choose Bitcoin. Shitcoins and memecoins is the most harder to guess the price since no one can know when the developer want to manipulate the market and when the coin will become a dead coin. Of course I don't mean to encourage you to buy shitcoins and memecoins, but I just saying the reason you like Bitcoin because of the price is difficult to guess is wrong.

Actually most users seems already predict Bitcoin price will increase after 4 years cycle.

Difficult to guess here could be the volatility of bitcoin price, bitcoin is both volatile and almost unpredictable in the short term, I also like investing in bitcoin because of its volatility, the stronger the volatility, the bigger the returns.

Both bitcoin and shitcoins are unpredictable but investing in bitcoin is safer, bitcoin can plummet but it will recover eventually, with shitcoins being rare and they tend to die more.

[Kakmakr]

I have been around since the Bitcoin price was just over $300.... and I can tell you from experience that Bitcoin can surprise you, when you least expect it. Bitcoin has seen several huge price fluctuations, where it dropped with 70%+ and then it recovered with more than 200%....so volatility can be extreme.

So, if you just look back at the price history of Bitcoin, you will have a reason to be positive and optimistic about it's future. Stay strong and Hodl like crazy. 

[eightdots]

I personally like bitcoin because the price of bitcoin is very difficult to guess, I have also felt the peace of holding bitcoin, patience is needed for people who hold bitcoin.

If the reason you choose a coin because the price is very difficult to guess, you're wrong to choose Bitcoin. Shitcoins and memecoins is the most harder to guess the price since no one can know when the developer want to manipulate the market and when the coin will become a dead coin. Of course I don't mean to encourage you to buy shitcoins and memecoins, but I just saying the reason you like Bitcoin because of the price is difficult to guess is wrong.

Actually most users seems already predict Bitcoin price will increase after 4 years cycle.

Difficult to guess here could be the volatility of bitcoin price, bitcoin is both volatile and almost unpredictable in the short term, I also like investing in bitcoin because of its volatility, the stronger the volatility, the bigger the returns.

Both bitcoin and shitcoins are unpredictable but investing in bitcoin is safer, bitcoin can plummet but it will recover eventually, with shitcoins being rare and they tend to die more.

That's right, the stronger the volatility, the bigger the returns. You reduce risk by staying in Bitcoin, but you may have a hard time predicting in the short term. Meme coins and shit coins are also hard to guess. The question here is how much risk you can take. For example, you invest in Bitcoin, but Bitcoin goes down but you know it will come out again and you will be affected accordingly. But after the drop in meme coin and shit coin it is very difficult to come back, maybe it will be completely reset. The risk you take here is important.

[Gallar]

Bitcoin wins over other currencies, including other cryptocurrencies,
this is because most of the supply is fixed. The main advantage of Bitcoin is its ability to limit new. In particular, the supply of Bitcoins cannot be manipulated, nor is there an alarm of 21 million units.

that's what makes bitcoin always superior to other crypto, even fiat currencies.

[davis196]

I didn't get a good enough explanation about why do you believe in Bitcoin. So you believe in Bitcoin only because the BTC price didn't drop against the US dollar? Many assets are performing good against the US dollar. Gold also didn't drop against USD, does that mean you believe in Gold?
I understand that you are a newbie and you are taking your first steps in the crypto world. Everyone in this forum was a crypto newbie in the past. Just don't get too romantic about Bitcoin. BTC is a financial asset just like any other financial asset and getting emotionally attached might lead to making financial mistakes.

[Z-tight]

I am not an avid investor. I invest small amounts now and than in bitcoin, and intend to not to touch my investment atleast this decade. I hope by then it will grow to a respectable sum.

You don't have to invest lump sums to be an 'avid' investor, if the small amounts you invest is what you can afford to lose then you are investing in the correct way, you are also looking at the long term and not to get rich quick, i believe you are going about your BTC journey well. BTC goes through a cycle that we all can see, so if you are truly willing to wait, it will surely 'grow to that respectable sum you talked about'.

You will notice that Bitcoin is being legalized in almost all countries and all major countries are interested in doing transactions through Bitcoin.

I have not noticed this, i don't think centralized governments are all that interested in BTC for now, neither are they doing any transactions with or through the coin, only two countries have made BTC a legal tender and while it is still legal to trade and use BTC in most countries, they are trying to regulate it, while some want to ban BTC mining and push us to a centralized POS algorithm, so do not trust governments to like BTC just yet.

[yazher]

Bitcoin has always been around whenever the market condition is not fine. Bitcoin has witnessed the birth and death of many altcoins and shitcoins yet he has remained unshakable. It is a good idea that you want to invest in Bitcoin, I commend your courage, bur leaving your investment for a decade is a way too far . 10 years is not today and nobody knows what actually will happen in the next two years let alone in the next 10 years. How rich are you that you will not be needing your investment until 10yrs time?

There are so many unexpected turns of events when it comes to bitcoins and most of the time people are fine with it because they already know the reasons why the bitcoins price acted in such a way. The sudden increase in the price is one reason why people are still investing in it and most of the time they won't care about the price drop because they already know that it will gonna rise after months or years and sometimes a few days have passed. The only problem is when those newbies are investing the money they can't afford to lose. They begin to rant whenever the price of bitcoins in the market begins to drop. Because they won't gonna get their money back as soon as they want.

[Z-tight]

To be honest, bitcoin now raises a lot of questions for me. I think that with the right approach, you can still get something, but I would not pay much attention to this.

What are these questions, you can surely share them on the forum for valid answers from member's that probably have more understanding about BTC than you, if i may guess i think you are only concerned about BTC's price which is still volatile, and that is probably what is raising questions in your mind, but BTC is well more than only its price, it is a useful currency that functions in a very unique and decentralized way, very secure and efficient too, there are many more, but it is much better you share your exact questions for exact answers.

[justdimin]

I guess that's part of the natural evolution, I mean when people says that a certain invention is going to fall and it will be doom, guess what, it will go the other way around. Just like in the beginning, yes many people invested on bitcoin but sell early because they think it's going to die. And majority of them are not regretting their decision to sell early because bitcoin really took off in the last 10 years or so. Not to late to invest right now, the price is very cheap so take advantage of this situation.

It's true as you say it's not too late to invest now, because we have to take the opportunity to buy bitcoin when the price goes down, because we learn from the bitcoin price in previous years when the bitcoin price shot up all regretted selling bitcoin early and couldn't wait to hold bitcoin longer, I personally like bitcoin because the price of bitcoin is very difficult to guess, I have also felt the peace of holding bitcoin, patience is needed for people who hold bitcoin.

That is something only the smart people will understand when they check it. Reality is that you have to understand the price will always recover and will always crash, it is a cycle and if you take advantage of the crash, then you will profit from the recovery.

Not many people can do it, and I know it could sound shocking to many people here, but I have seen MILLIONS of people who sell when the price goes down. That is counter productive I know, and it is something that will make you lose money and that is why you should not be selling when it's going down, it's wiser to buy when the price is low like right now but only people like us know what is right and what is a mistake.

[jokers10]

To be honest, bitcoin now raises a lot of questions for me. I think that with the right approach, you can still get something, but I would not pay much attention to this.

If you want just to earn something on some asset you first need to learn trading or investing, learning about an exact asset is a next step. If you want Bitcoin be that asset you want to trade or invest it can be a good choice, but Bitcoin itself is much more then just that. If you'll learn Bitcoin as itself you'll see that it is something influencing the world and giving lots of opportunities from which being as asset for trading or investing is a tiny part.