How was your belief formed?

[laurenB7742]

There will always be people who laugh at you and of Bitcoin. But you don't get affected, do you? Deep inside you, you know that you are doing the right thing and they're simply ignorant of what you are into. I have also encountered numerous crass opinions about Bitcoin and those who are supporting it, but I'm not affected. In my mind, why should I be reacting too much to them when I know I will have the last laugh and it is just a matter of time before they will regret not joining me instead.

We just need to remember one thing we are making money for ourselves, for our family, so we don't need to care too much about what outsiders say. They laugh at me because I invest in bitcoin, which is supposed to be a scam, but I laugh at them because they know nothing about bitcoin, the future technology. And I'm pretty sure they'll have to invest in bitcoin as soon as another bull season takes bitcoin to another ATH.

In investing in stocks, real estate, or bitcoin, the goal is profit, so whoever earns more is right. I will be silent until the cow season comes, who laughs who, then we will know.

[wxa7115]

I am often considered crazy by friends around me who invest in stocks, bonds and real estate, they always laugh at me when we discuss portfolios and investment opportunities. Maybe some of us (on this forum) also have the same fate as always being ridiculed when talking about investing in bitcoin.
Maybe they still lack knowledge about Bitcoin, and don't know how the pattern of cycles is, so they close themselves not to investing in Bitcoin, and on average they say that Bitcoin is an investment based on speculation so that fluctuations occur, but my logic rejects this because stocks and real estate can also be influenced by speculation.

Do not waste your time talking to your friends about bitcoin, now if they had some misgivings about investing in bitcoin I would consider that to be acceptable as bitcoin is not really for everyone, but if they are making fun of you for investing in bitcoin then just never touch the topic with them ever again.

I thought I would like to know how your trust process builds up in investing your money in bitcoins?

It is easy to build your confidence about bitcoin and its future, read the whitepaper, read books about about gold and how the economy worked back then, read about fiat and how the economy is managed today and finally look around and see for yourself the poor state of the economy of the world, and if you do all of this then you will understand why we are so confident on the ability of bitcoin to become a very strong form of money in the future.

[posi]

~~ Here, what I am proud of is the magnanimity of bitcoin users, most of us actually welcome people who come to us even though their treatment in the past was not wearing.

To be honest, there's no reason to blame or push them away when they want to invest in bitcoin because they like us, have disbelieved in bitcoin in the past. All due to a lack of knowledge about bitcoin, and we know it. If we mock them or dismiss them as they did to us, we are worse off than them. Bitcoin is very new, it is revolutionary and it takes time for people to recognize and support it.

[Sterbens]

~~ Here, what I am proud of is the magnanimity of bitcoin users, most of us actually welcome people who come to us even though their treatment in the past was not wearing.

To be honest, there's no reason to blame or push them away when they want to invest in bitcoin because they like us, have disbelieved in bitcoin in the past. All due to a lack of knowledge about bitcoin, and we know it. If we mock them or dismiss them as they did to us, we are worse off than them. Bitcoin is very new, it is revolutionary and it takes time for people to recognize and support it.

Therefore we will welcome when there are people who want to know more about bitcoin, even though in the past they made mistakes because they did not know about bitcoin. I think among the users who have been in the bitcoin environment for a long time there are also those who think the same thing (don't believe in bitcoin), but with time and with a lot of knowledge about bitcoin they finally realize that bitcoin is a very promising asset for the future . Not a few of the users have benefited a lot from here, especially in their finances.

[YOSHIE]

I thought I would like to know how your trust process builds up in investing your money in bitcoins?

In terms of trust Speculation vs Investment maybe I should at this point put my trust in investing, I don't care (demand and supply), what happens to the Bitcoin market, it's up to my friends who are involved in the crypto world to say something and think negatively of me, what is certain is that I currently believe that Bitcoin for future investment will have intrinsic value and the price of Bitcoin will experience an increase in value.

Bottom line: The Bearish Speculator is not the cornerstone now for me, the Bullish Speculator is the cornerstone now in my beliefs where I need to have some courage to profit, in the future.

[stomachgrowls]

I thought I would like to know how your trust process builds up in investing your money in bitcoins?

In terms of trust Speculation vs Investment maybe I should at this point put my trust in investing, I don't care (demand and supply), what happens to the Bitcoin market, it's up to my friends who are involved in the crypto world to say something and think negatively of me, what is certain is that I currently believe that Bitcoin for future investment will have intrinsic value and the price of Bitcoin will experience an increase in value.

Bottom line: The Bearish Speculator is not the cornerstone now for me, the Bullish Speculator is the cornerstone now in my beliefs where I need to have some courage to profit, in the future.

When it comes to negative things then im a type of person who isnt really that much making myself that getting affected that much whether you are my best friend or someone who is close to me because in terms of investment then im not really letting myself really that impulsive or easily get that affected which would result into sudden change of it.

You cant really avoid those negative people would really be faced up along the way which would really be able to potentially alter or change up your plans basing into their own perspective or words.
If you are that a person who is easily get affected by these things then for sure you would really be committing lots of mistakes ever.

[JimboToronto]

I was late finding out about Bitcoin. I didn't learn about it until January 2013 when a friend raved about a darkweb site called Silkroad.

I wasn't interested in the contraband that was available but the digital currency that they used fascinated me. I was already an open-source and file-sharing enthusiast. When I first heard of Napster, it wasn't the free music that attracted me. It was the peer-to-peer file-sharing. I watched as they tried to shut it down as it morphed from Napster to Kazaa to Bittorrent to Magnet Links and grew to include videos and applications.

When I first heard of Bitcoin it was trading for around $15. I regretted missing out on the glory days when bitcoins were mere pennies apiece. By the time I had studied up on dual-key cryptography and SHA-256 hashing and realized it wasn't a scam, it was already up over $30. By the time I figured out how to buy it without risking my money on the internet, I paid $68 each for my first few dozen bitcoins.

I held firm when the price crashed from $266 to under $50. I kept accumulating through 2013 and made the mistake of sending 50 coins to MtGox thinking I could take advantage of an anticipated price swing. Needless to say I lost those 50BTC. I lost another 120 BTC to a hack when I stupidly left them on another exchange. Since then all my coins are safe offline in cold storage addresses generated on non-internet capable machines and printed on a dedicated printer that has never been connected to the internet. Printer spool buffers can be hacked.

I kept accumulating. The last time I bought over 10BTC in a single day was in 2015 when the price dipped below $200. I didn't sell any until late 2017 when I took a little profit in the form of new Zitcomia dental implants and a house in Mexico. I held while the price crashed again and in the spring of 2021 I sold a  couple million dollars worth to buy 400 acres of virgin forest in Ontario with a 25 acre completely private lake. Last spring I sold another $2M to buy a triplex in downtown Toronto.

Bitcoin has been good to me because I held.

[yhiaali3]

I started knowing bitcoin early when it was still around $300, but I didn't know much about bitcoin at that time and wasn't much interested in getting bitcoin or collecting because I didn't think I would see these days.

My belief in the future of Bitcoin began when I saw the price rise to $1,000 and then to $3,000, then I began to believe that there is a great future ahead for Bitcoin and that it will certainly be the currency of the future.

Of course, the goal of accumulating bitcoins will be different according to each price cycle, because what you could get easily before is now very difficult.

I see that 1 BTC will be good in any price cycle, I am sure that one day soon it will be like a dream for many of us to get this number.

[Tony116]

I started knowing bitcoin early when it was still around $300, but I didn't know much about bitcoin at that time and wasn't much interested in getting bitcoin or collecting because I didn't think I would see these days.

If I remember correctly, the time bitcoin hit 300 USD was in 2013 or 2014 because when I first found out about it, it also had a similar price. I have invested since then, but I don't buy to hold, I use bitcoin to invest in Ponzi projects. Of course I don't think about its future either because the goal back then was to earn as much fiat as possible.

Also talking about belief in bitcoin: I had a period of distrust in bitcoin's future that was in 2018 when bitcoin dropped from 19k$ to 3k$, and I lost everything at that time, that's the time when I was most depressed. But after bitcoin gradually recovered, I started reinvesting, and my firm belief was built from there.

[ethereumhunter]

I started knowing bitcoin early when it was still around $300, but I didn't know much about bitcoin at that time and wasn't much interested in getting bitcoin or collecting because I didn't think I would see these days.

My belief in the future of Bitcoin began when I saw the price rise to $1,000 and then to $3,000, then I began to believe that there is a great future ahead for Bitcoin and that it will certainly be the currency of the future.

Of course, the goal of accumulating bitcoins will be different according to each price cycle, because what you could get easily before is now very difficult.

I see that 1 BTC will be good in any price cycle, I am sure that one day soon it will be like a dream for many of us to get this number.

The people who joined bitcoin when the price was between $300-$400 never thought that bitcoin could increase to $69k in the last ATH. Many people think that the price of bitcoin was reached $ 20k and the highest bitcoin price will not exceed $ 50k. But many of them were wrong and bitcoin still broke through to $69k.

And right now, after the bitcoin price can reach $69k, the price can exceed that price, especially in 2024, the halving will start, which is likely to affect the bitcoin price greatly. These times are thrilling because we don't know when the bitcoin price will start its massive rally and can only guess it will happen this year or next before the halving starts or after the halving is over.

[GreatArkansas]

I am often considered crazy by friends around me who invest in stocks, bonds and real estate, they always laugh at me when we discuss portfolios and investment opportunities. Maybe some of us (on this forum) also have the same fate as always being ridiculed when talking about investing in bitcoin.
(....)

It's just crazy because they are thinking the wrong way and when they start to believe they are back to you and keep asking.
This is normal for me because they have a different vision from yours, and another thing they must not talk about for things that they don't know.

If ATH is formed again in 2024 or 2025 I think there will be 10 times more people adopting bitcoin and learning about it than today (or maybe even more than 10X) and I would really like to laugh at my friend who insulted me.

I thought I would like to know how your trust process builds up in investing your money in bitcoins?

I believe that there be more people will be introduced to Bitcoin even price is dumped or pumping.
Bitcoin is not here just for the price only, really use of Bitcoin is for payment. Regarding the adoption, there are also a lot of players in the cryptocurrency space right now, not Bitcoin only. Consider also these altcoins, if you combine whole altcoins market cap, they are huge. So, it will be different in the future, even the price of Bitcoin will not that high to pump compared to previous all-time highs.

[beerlover]

There are several views from people about bitcoin, trust before starting accompanied by knowledge about the journey of bitcoin, early 2017 I started trying to learn about bitcoin in terms of investment, because at that time many of my friends started investing. Unknowingly this influenced my subconscious psychology to try, and it really got me hooked to collect bitcoins gradually, precisely when bitcoin reached ATH in 2021, this incident hit me psychologically because I didn't try to buy bigger when the bitcoin price has not reached ATH.

To this day bitcoin is known as the best investment asset in the long term, many understandings that previously did not trust bitcoin, instead these people have been in the current investment model and around me more and more people are trying to learn about it, although there are also those who refuse truth about bitcoin.

That is true that 2017 was a good period, too many people got in and that's when it started to go up because all of you got in. People who are not aware of the fact that bitcoin is by far the best thing ever, are the people who have absolutely no idea about how awesome bitcoin is in real life.

I mean I have to say that it's going to be something special when the day comes, as high as 100k or 200k or even more. In order to profit from that, we need to keep on buying more and that's going to take a while, so we should all keep buying more no matter what the price is. I will keep buying now, and I would buy if it was 100k too, I just buy no matter what I do.

[TravelMug]

There are several views from people about bitcoin, trust before starting accompanied by knowledge about the journey of bitcoin, early 2017 I started trying to learn about bitcoin in terms of investment, because at that time many of my friends started investing. Unknowingly this influenced my subconscious psychology to try, and it really got me hooked to collect bitcoins gradually, precisely when bitcoin reached ATH in 2021, this incident hit me psychologically because I didn't try to buy bigger when the bitcoin price has not reached ATH.

To this day bitcoin is known as the best investment asset in the long term, many understandings that previously did not trust bitcoin, instead these people have been in the current investment model and around me more and more people are trying to learn about it, although there are also those who refuse truth about bitcoin.

That is true that 2017 was a good period, too many people got in and that's when it started to go up because all of you got in. People who are not aware of the fact that bitcoin is by far the best thing ever, are the people who have absolutely no idea about how awesome bitcoin is in real life.

I'm one of those who got into 2017, yes, I still remember that time, I'm still a newbie and didn't know how to play the game or even save some. All I wanted is to get some profits and that's it.

I mean I have to say that it's going to be something special when the day comes, as high as 100k or 200k or even more. In order to profit from that, we need to keep on buying more and that's going to take a while, so we should all keep buying more no matter what the price is. I will keep buying now, and I would buy if it was 100k too, I just buy no matter what I do.

But during the next cycle, 2018-2021, my outlook has chance, I learn how to accumulate and when to sell at the right time to maximize the profits.

And now that the next cycle started last year and most likely it will continue the bear market throughout the year, so still a best time to continue to buy and save and then HODL and wait next year because it's going to be huge, $100k and up are the prediction.

[Tamaperdana]

they laugh because maybe they think bitcoin is something new and an investment asset that is still foreign to their ears.
everyone has a different point of view, but insulting or ridiculing is very unkind and very intolerant.

people like that don't open their eyes, they just stay silent at the limits they make, but that doesn't mean they are wrong, but the attitude of those who insult bitcoin is wrong.

be tolerant, all the assets that exist now, everything is good, everything is useful, and everything has a good impact on economic progress.

[MarjorieZimmermanGinger]

~snip~ I mean I have to say that it's going to be something special when the day comes, as high as 100k or 200k or even more. In order to profit from that, we need to keep on buying more and that's going to take a while, so we should all keep buying more no matter what the price is. I will keep buying now, and I would buy if it was 100k too, I just buy no matter what I do.

To maximize bitcoin investment, you need to know some basic things before starting, but never push your capital capabilities with large targets, investments can be made slowly and gradually, we just need to see the right moment to make a profit. Now that bitcoin is in the recovery process, you can take profits in the short term and make regular purchases in the long term, so that when bitcoin reaches the next ATH, you will benefit greatly from both investment patterns.

Now is the right time to buy bitcoin and we can take advantage of the short term to add to the assets we have, after we gain capital stability and profits in the short term, then the long term is the next priority.

I'm one of those who got into 2017, yes, I still remember that time, I'm still a newbie and didn't know how to play the game or even save some. All I wanted is to get some profits and that's it.

Everyone is looking for profits in investing, therefore we need to be selective in choosing, bitcoin has shown an existence that can guarantee the investments we make, sometimes we use different patterns but the ultimate goal is also the same to make a profit. 2017 was a very important moment for me, because it was in that year that I got to know the process of investing in bitcoin and so far I have been involved in the investment.

[maydna]

they laugh because maybe they think bitcoin is something new and an investment asset that is still foreign to their ears.
everyone has a different point of view, but insulting or ridiculing is very unkind and very intolerant.

people like that don't open their eyes, they just stay silent at the limits they make, but that doesn't mean they are wrong, but the attitude of those who insult bitcoin is wrong.

be tolerant, all the assets that exist now, everything is good, everything is useful, and everything has a good impact on economic progress.

It's not strange if they think of bitcoin like that because they have never heard of bitcoin before. After all, those who insult bitcoin will surely see how bitcoin moves in the future and when it comes, they will regret it for insulting bitcoin and don't want to accept bitcoin like other bitcoin users. We also cannot impose our will on them because they have their own desires, which are different from ours. So we just let them choose what they think is suitable to do and choose.

[o48o]

Oh you guys still talk with outsiders on this? I've stopped talking about my investments long time ago. Either people get intimidated, they don't understand or disagree. And while it's fine to disagree with me i still get ridiculed a lot. I advice if i am asked, but mostly my advices are somehing like: "don't get involved without researching a lot."

Just few days ago someone saw my crypto related profile and said: "Are you seriously unironically somekind of crypto bro?".
I said that i bought my first cryptos near new years eve of 2013-2014. And after they spend some of their time laughing at how stupid NFTs and crypto is without me saying anything they must be realize at some point that i actually know a lot compared to them and suddenly they are not interested to talk about the whole subject.

Which is fine by me but i just got insulted and didn't even got a change to defend myself which is annoying.
It's not like i am asking about their hobbies and laughing at their hobbies and saying that are they really unironically doing that.
Well after POS least i dont have to deal with the accusations of how i am destroying the planet. Or if i am they are easy to shut down.

And no i don't want to laugh at my friends who were wrong. And i've been telling people whom i originally told that i have lost everything because i don't want to be a potential rich target of any kind.

[Jody.Drummer]

they laugh because maybe they think bitcoin is something new and an investment asset that is still foreign to their ears.
everyone has a different point of view, but insulting or ridiculing is very unkind and very intolerant.

people like that don't open their eyes, they just stay silent at the limits they make, but that doesn't mean they are wrong, but the attitude of those who insult bitcoin is wrong.

be tolerant, all the assets that exist now, everything is good, everything is useful, and everything has a good impact on economic progress.

It's not strange if they think of bitcoin like that because they have never heard of bitcoin before. After all, those who insult bitcoin will surely see how bitcoin moves in the future and when it comes, they will regret it for insulting bitcoin and don't want to accept bitcoin like other bitcoin users. We also cannot impose our will on them because they have their own desires, which are different from ours. So we just let them choose what they think is suitable to do and choose.

And it has happened, yes many of those who used to doubt bitcoin now they have become part of the people who own bitcoin. It's a cycle that will continue to happen here, I won't even be surprised when many people flock to learn about the basic concepts of bitcoin.
Precisely this is what opens their eyes, I mean let them doubt and underestimate bitcoin, with that bitcoin can show something they couldn't see before, that's what will make them interested in learning this.
In the end they are the ones who judge whether they will be part of the people who believe in bitcoin or vice versa, but I believe when they learn about bitcoin they will be part of the people who believe in it.

[erep]

Actually I don't care about people hating about bitcoin and they are blacklisted for me because they don't accept advice for crypto investment, I mean that I respect their investment principles even though they are not involved in bitcoin investment but they don't have to interfere to ridicule other people have bitcoins in their wallets and some of them make overstatements in the current market conditions for the purpose of making others hesitate to invest in crypto.

In the end they are the ones who judge whether they will be part of the people who believe in bitcoin or vice versa, but I believe when they learn about bitcoin they will be part of the people who believe in it.

I know they will eventually trust and learn crypto in secret because the percentage of new crypto users will increase if bitcoin can recover higher prices or can even reach new ATH. So let time will convince them to get involved in bitcoin investing and let's just focus on the current portfolio and ignore their words.

[maydna]

they laugh because maybe they think bitcoin is something new and an investment asset that is still foreign to their ears.
everyone has a different point of view, but insulting or ridiculing is very unkind and very intolerant.

people like that don't open their eyes, they just stay silent at the limits they make, but that doesn't mean they are wrong, but the attitude of those who insult bitcoin is wrong.

be tolerant, all the assets that exist now, everything is good, everything is useful, and everything has a good impact on economic progress.

It's not strange if they think of bitcoin like that because they have never heard of bitcoin before. After all, those who insult bitcoin will surely see how bitcoin moves in the future and when it comes, they will regret it for insulting bitcoin and don't want to accept bitcoin like other bitcoin users. We also cannot impose our will on them because they have their own desires, which are different from ours. So we just let them choose what they think is suitable to do and choose.

And it has happened, yes many of those who used to doubt bitcoin now they have become part of the people who own bitcoin. It's a cycle that will continue to happen here, I won't even be surprised when many people flock to learn about the basic concepts of bitcoin.
Precisely this is what opens their eyes, I mean let them doubt and underestimate bitcoin, with that bitcoin can show something they couldn't see before, that's what will make them interested in learning this.
In the end they are the ones who judge whether they will be part of the people who believe in bitcoin or vice versa, but I believe when they learn about bitcoin they will be part of the people who believe in it.

True, it has been so far that the people who have insulted bitcoin experienced disappointment when they saw that bitcoin could reach a price peak that formed the last ATH yesterday. But when the bitcoin price slowly decreased and reached the point of $15k yesterday, they again said that investing in bitcoin was a mistake for bitcoin users and tried to instill faith in bitcoin users that bitcoin will continue to decline.

But again, they are wrong because bitcoin prices are starting to increase, although not too high. But that was enough to silence them, not to badmouth bitcoin and say that, yet again they were wrong in saying bitcoin would fall to the bottom.