How was your belief formed?

[JoyMarsha]

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

When I first heard about bitcoin in 2020 through a friend, I didn't pay much pay attention to it cos there wasn't much exposure to it apart from being a bubble investment that will soon burst. Which I regretted believing then.

My bitcoin journey came to the limelight when I was introduced to this forum in 2021. All my negative thoughts about bitcoin were changed due to my involvement in the forum. I realized that bitcoin is the future. Still that 2021, I made my first bitcoin investment and some other altcoins. I saw how my bitcoin investment skyrocketed and some of my altcoins lost value in the long run. After that incident, I choose to be investing in bitcoin more than altcoins

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[_BlackStar]

Building strong beliefs about relatively new investment is not easy. You really have to find a lot of information about it ^{[from friends, the media, or wherever]} so that you are absolutely sure about what to make of your next investment asset. There are many stages that must be passed before one can be absolutely sure, and this process is not going to happen in one day or any time soon.

I wasn't really sure about bitcoin or crypto at first, but after some learning I was convinced enough that bitcoin is good investment asset for me to consider. Instead of gold, I tend to choose bitcoin right now as my investment asset, even if it's big risk. After all, I'm not just thinking about its potential because basically I also need to consider how to keep it safe in the long term.

[Jody.Drummer]

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.

Such a cycle will continue, they scoff at bitcoin when a bear market occurs, and at the same time they race to invest in bitcoin when it reaches ATH. The problem is at this point, they are buying on ATH, so they have to wait longer to make a profit. Because usually when bitcoin reaches ATH then next bear season will occur, and so on.
Then they easily say investing in bitcoin is something that is detrimental. They don't even know what they are doing.

[BigBos]

At first it might be the same as everyone just experimenting with this latest innovation, and there might be a lot of doubts at the initial stage because it's quite difficult for beginners to buy bitcoin.
The question that often arises is what is bitcoin and what to buy bitcoin for which might have a negative connotation, but after time went by and heard a lot and I began to study bitcoin and how to buy it, in the end I was addicted even though I had given up several times because I experienced losses and let bitcoin I'm in the wallet, which in the end the price jumped, right on that day I got a profit from bitcoin and started to believe in bitcoin, if I'm not mistaken it was in 2017.

[maydna]

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.

Such a cycle will continue, they scoff at bitcoin when a bear market occurs, and at the same time they race to invest in bitcoin when it reaches ATH. The problem is at this point, they are buying on ATH, so they have to wait longer to make a profit. Because usually when bitcoin reaches ATH then next bear season will occur, and so on.
Then they easily say investing in bitcoin is something that is detrimental. They don't even know what they are doing.

It would be their own fault when they bought bitcoin on ATH and they should have realized that they had been wrong for saying such inappropriate things all along. They forget or don't know that they are buying bitcoin at a high price and don't realize that what will happen next is a price drop which will even trigger a very deep decline. And if that happened, they would look at him in shock and not expect that they were seeing him again. And they will again say that the bitcoin scam without seeing the error was actually their own doing.

[Silberman]

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.

Such a cycle will continue, they scoff at bitcoin when a bear market occurs, and at the same time they race to invest in bitcoin when it reaches ATH. The problem is at this point, they are buying on ATH, so they have to wait longer to make a profit. Because usually when bitcoin reaches ATH then next bear season will occur, and so on.
Then they easily say investing in bitcoin is something that is detrimental. They don't even know what they are doing.

It is way easier to point at external sources for our problems as in that way there is nothing we need to do as someone else is to blame, but this kind of thinking is very toxic as such a person will never take responsibility for their actions, so anyone investing in bitcoin at the ATH probably does not really know what they are doing, and their loss is a result of their ignorance and their inability to accept they know nothing about the market and yet they trade it as if they did.

[ivankoh]

I may not be someone who has been investing in bitcoin for a long time but my confidence started to form when I often read Bitcoin cycles and I witnessed the cycle always repeating itself which is the basis for me to dare to invest in Bitcoin, my belief is getting stronger after reading this thread...

I like what you said.  Trust is built in bitcoin is a process that goes through through, that trust is rooted in positive things no matter how small or big, it accumulates into maximum trust.  I also invested in bitcoin with my savings instead of depositing it in a bank savings account.  That belief also helped me convince my wife to invest and start planning in bitcoin.

[rodskee]

I may not be someone who has been investing in bitcoin for a long time but my confidence started to form when I often read Bitcoin cycles and I witnessed the cycle always repeating itself which is the basis for me to dare to invest in Bitcoin, my belief is getting stronger after reading this thread...

I like what you said.  Trust is built in bitcoin is a process that goes through through, that trust is rooted in positive things no matter how small or big, it accumulates into maximum trust.  I also invested in bitcoin with my savings instead of depositing it in a bank savings account.  That belief also helped me convince my wife to invest and start planning in bitcoin.

when talking about our money and investing , we must always put trust into that matter  no matter what comes out because this will also build your confidence and skills. boosting your inner belief and idea and going to progress and success.
that is what motivates us into investing and not negativities .

[Kemarit]

I may not be someone who has been investing in bitcoin for a long time but my confidence started to form when I often read Bitcoin cycles and I witnessed the cycle always repeating itself which is the basis for me to dare to invest in Bitcoin, my belief is getting stronger after reading this thread...

I like what you said.  Trust is built in bitcoin is a process that goes through through, that trust is rooted in positive things no matter how small or big, it accumulates into maximum trust.  I also invested in bitcoin with my savings instead of depositing it in a bank savings account.  That belief also helped me convince my wife to invest and start planning in bitcoin.

Yes, cycles, and how we all going about it. For those who have witnessed it in the past, I would say that we have trusted it already because it really did gave us some huge profits specially in the bear market.

I know that others may argue that the pattern might break at some point. But remember that we have been in the bear and bull cycle and so far still met the criteria to hit every 4 years. So that is where the trust it, and we all know that the next bull run might happen next year till 2025 and so we will continue to invest today and wait till the price goes on another all time high.

[justdimin]

cycles, and how we all going about it. For those who have witnessed it in the past, I would say that we have trusted it already because it really did gave us some huge profits specially in the bear market.

I know that others may argue that the pattern might break at some point. But remember that we have been in the bear and bull cycle and so far still met the criteria to hit every 4 years. So that is where the trust it, and we all know that the next bull run might happen next year till 2025 and so we will continue to invest today and wait till the price goes on another all time high.

I do agree that it was something that is definitely a bit of a challenge to begin with on making it, then breaking it would be even harder to handle and that's why I do not think that it will happen. I think it is a lot more possible to see bitcoin being on this cycle of ups and downs for a while and it will be like that for the foreseeable future. The best thing we could do about the current situation is to ride the wave, when it's low buy it, and when it goes up sell it and repeat that constantly for a steady x10 at the very last every 4 years.

If you start with 10k dollars, in 4 years that's 100k, in 8 years that's 1 million and you are already richer than you could ever hope for, if you start with 1k then it would take 12 years, and even with 100 dollars just 16 years and you are a millionaire if you ride the wave.

[kotajikikox]

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.

Like us who did the same thing the first time bitcoin was introduced or have glimpse about this coin and its market , actually i mocked my cousin that tried to lure me investing so let it go mate , they will changed mind in time just don't lose hope and effort.

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.

that is what is true, lacking of understanding and knowledge tells them to laugh and try to mock us.

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.

no , don't do that instead try to approach them more as you have a proof of what you are trying to tell them , best to lure them more to invest so the adoption will go longer.

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

this take time , as those people I know from bitcoin starts earning and making money that made me realized and invest.

[Quidat]

I may not be someone who has been investing in bitcoin for a long time but my confidence started to form when I often read Bitcoin cycles and I witnessed the cycle always repeating itself which is the basis for me to dare to invest in Bitcoin, my belief is getting stronger after reading this thread...

I like what you said.  Trust is built in bitcoin is a process that goes through through, that trust is rooted in positive things no matter how small or big, it accumulates into maximum trust.  I also invested in bitcoin with my savings instead of depositing it in a bank savings account.  That belief also helped me convince my wife to invest and start planning in bitcoin.

But of course you should really be that mindful in towards risk involving it because you cant really just put up all of your money or fiat into crypto.Always have that border line if we do speak about limitations on which it would really be that normal because we dont know on what the future holds.Anytime it could crash or something that could be replaced.This is why it is really that risky
to take up such step but its not bad to take up some risk on knowing that you could potentially earn something from it. Stick on what you do believe but there should be always
that limitation or boarder line on how far you could only go and dont tend to go past beyond it.

[bangjoe]

I may not be someone who has been investing in bitcoin for a long time but my confidence started to form when I often read Bitcoin cycles and I witnessed the cycle always repeating itself which is the basis for me to dare to invest in Bitcoin, my belief is getting stronger after reading this thread...

I like what you said.  Trust is built in bitcoin is a process that goes through through, that trust is rooted in positive things no matter how small or big, it accumulates into maximum trust.  I also invested in bitcoin with my savings instead of depositing it in a bank savings account.  That belief also helped me convince my wife to invest and start planning in bitcoin.

when talking about our money and investing , we must always put trust into that matter  no matter what comes out because this will also build your confidence and skills. boosting your inner belief and idea and going to progress and success.
that is what motivates us into investing and not negativities .

It's true what you say, the trust that is formed will produce results that make us more productive in investing, something we cannot see but we can be sure of it will move by itself in our mindset and heart, the more we come into contact with bitcoin every Day by day we are increasingly curious about what bitcoin can give us and that curiosity makes us understand many things about bitcoin which encourages us to have even better skills to increase our investment in bitcoin. But to be honest, I personally also sometimes feel doubtful for some time but I'm always reminded of the initial purpose of investing in bitcoin and why I believe in it.

[Hypnosis00]

when talking about our money and investing , we must always put trust into that matter  no matter what comes out because this will also build your confidence and skills. boosting your inner belief and idea and going to progress and success.
that is what motivates us into investing and not negativities .

It's true what you say, the trust that is formed will produce results that make us more productive in investing, something we cannot see but we can be sure of it will move by itself in our mindset and heart, the more we come into contact with bitcoin every Day by day we are increasingly curious about what bitcoin can give us and that curiosity makes us understand many things about bitcoin which encourages us to have even better skills to increase our investment in bitcoin. But to be honest, I personally also sometimes feel doubtful for some time but I'm always reminded of the initial purpose of investing in bitcoin and why I believe in it.

Doubts are normal but the moment that we fully understand how it works, it definitely changes to positivity. As long as we have an interest to something like Bitcoin, we never stop doing research and do found why we have to trust this kind of investment and can make an argument against our friends. As we have a solid purpose of being, no way we could stop until we reach our goal and to prove to the people around us that we are not a failure and to show them that we are not wrong in what we say.

[Hamphser]

when talking about our money and investing , we must always put trust into that matter  no matter what comes out because this will also build your confidence and skills. boosting your inner belief and idea and going to progress and success.
that is what motivates us into investing and not negativities .

It's true what you say, the trust that is formed will produce results that make us more productive in investing, something we cannot see but we can be sure of it will move by itself in our mindset and heart, the more we come into contact with bitcoin every Day by day we are increasingly curious about what bitcoin can give us and that curiosity makes us understand many things about bitcoin which encourages us to have even better skills to increase our investment in bitcoin. But to be honest, I personally also sometimes feel doubtful for some time but I'm always reminded of the initial purpose of investing in bitcoin and why I believe in it.

Doubts are normal but the moment that we fully understand how it works, it definitely changes to positivity. As long as we have an interest to something like Bitcoin, we never stop doing research and do found why we have to trust this kind of investment and can make an argument against our friends. As we have a solid purpose of being, no way we could stop until we reach our goal and to prove to the people around us that we are not a failure and to show them that we are not wrong in what we say.

Positivity + risk management would really be formed and enhanced out.This is why just let your experience and deal handling would do the rest considering that it would be enhancing up your skills and awareness

for anything that you are dealing with.Investing isnt something simple that could anyone be able to handle out because there are really that risk which you should need to consider out.
We are all started on being a noob but later on when experience and awareness do able to attain then we would really be molding ourselves to be more better compared on yesterdays.
Important thing is that we do continue on living and dont easily give up if ever huge challenges would really be coming on your way.

[blockman]

But to be honest, I personally also sometimes feel doubtful for some time but I'm always reminded of the initial purpose of investing in bitcoin and why I believe in it.

It's like having guilt because the results aren't yet there. I guess this is normal for everyone to think of when we're thinking of what we've done and if we invested correctly.
Just think of the actual purpose at all times so that you won't be feeling guilt about your investment. That's something to be dealt of as an investor because this could be a reason for us to start selling in a panic when we're emotional within that day. It's good that you're always being reminded by that purpose as why you bought bitcoin.

[philipma1957]

The 2017 uptick followed by the huge 2018 gear growth convinced me it is going to last.

Btw right now we are far off ath of 69k but just like 2018 gear growth is massive.

So i have faith in another strong 💪 price rally

[CageMabok]

The 2017 uptick followed by the huge 2018 gear growth convinced me it is going to last.

Btw right now we are far off ath of 69k but just like 2018 gear growth is massive.

So i have faith in another strong 💪 price rally

While it's still a long way from the $69K price Bitcoin once reached, the price rally is now also very good and is even closer to $25K again. Hopefully this good thing can continue past $69K so another ATH can build up very neatly in Bitcoin. Personally, I am also very optimistic that the increase in the price of Bitcoin will continue well this year and everyone will be happy when they see another increase in the price in these two days.

[Kelvinid]

The 2017 uptick followed by the huge 2018 gear growth convinced me it is going to last.

Btw right now we are far off ath of 69k but just like 2018 gear growth is massive.

So i have faith in another strong 💪 price rally

While it's still a long way from the $69K price Bitcoin once reached, the price rally is now also very good and is even closer to $25K again. Hopefully this good thing can continue past $69K so another ATH can build up very neatly in Bitcoin. Personally, I am also very optimistic that the increase in the price of Bitcoin will continue well this year and everyone will be happy when they see another increase in the price in these two days.

We believe that everything went well after a year of tragic price dumps. We are too optimistic that this year is a recovery year for crypto and we are indeed excited about what will happen in the upcoming years as the halving is coming next. But, I don't expect an easy price ride this like reaching back to $69k to fast because I would think that even this year we witness some pumps yet it was not enough to make it. Yes, we are still far-reaching for another ATH.

[Mr. Magkaisa]

   -   My belief in bitcoin was formed because of the progress it has shown over time. Also through my learning about bitcoin and cryptocurrency.

Then I remembered when the value of bitcoin fell by around 200$ according to my research, I regretted that I wish I had known about Bitcoin then so that somehow I could have bought it.

But I don't think it was too late for me when I formed my belief in it anyway. That's why now no matter what FUD I hear and read about Bitcoin, I ignore it as long as the important thing is that I accumulate it little by little.