The journey of Bitcoin.

[TheUltraElite]

I once read an article that says that bitcoin users in 2021 reached more than 300 million, a significant increase in African countries occurred up to thousands of percent so that now cryptocurrencies are getting stronger, naturally if many millions of world continue to invest bitcoin because of a huge potential in the future.

That is why we are seeing the names of crypto and bitcoin come up every other day in the newspapers which was almost non-existant 6years ago when I joined this forum. I am happy to see this development and I hope it continues and becomes even bigger in future. With some countries gradually accepting crypto as a legal tender the other governments would be forced to look back and become more lenient towards it.

About introducing friends and family to bitcoin - a word of caution, not everyone can understand how this works and how to keep the money safe - you dont want your recklessness to be the cause of a loss for someone who have very little. Always give a disclaimer that they would not hold you responsible for their losses in case they incur any.

[1715431226]

1715431226

[Haunebu]

Retention is the key factor here. What's the point if the investors invest and quickly sell their assets and convert them into FIAT? Investors need to continue HODLING their stash for longer periods in my opinion.

This is only possible if the pros and cons related to BTC continue to rise and fall respectively over time.

[Jating]

Retention is the key factor here. What's the point if the investors invest and quickly sell their assets and convert them into FIAT? Investors need to continue HODLING their stash for longer periods in my opinion.

This is only possible if the pros and cons related to BTC continue to rise and fall respectively over time.

Yes, retention, which means that you have the mental fortitude to stay in the game for so long that you don't need to quickly sell to fiat for nothing. So it's not that easy to invest in bitcoin in my opinion.

And obviously, it's not a get quick scheme. The journey will be long and hard, but there are investors who survived in the last 10 years investing in bitcoin and just selling it if necessary.

[sulendra12]

I will likely say from the year 2009 when Bitcoin was lunched till date 190 Million people had invested on Bitcoin and I think from now till about more 10 years it will be over 300 million investors.

I don't know where you found that number, because even in my place most of people I know doesn't know shit about Bitcoin so even though it's just a small range in my place but still 190m people is "too much" without any proof.

And I think many more people are still trying to invest on Bitcoin, I have friends which I introduced to Bitcoin and they have invested already.

It's great to let people know about good use of Bitcoin. But while you are teaching people about Bitcoin, you have to make sure to tell them about the risks of Bitcoin investment even though it's just holding so they know what to do when certain cases happened after you tell them what to do in that event. They tell people about Bitcoin, but about Bitcoin investment they have to know about bad sides as well.

[freedomgo]

bitcoin is an investment that will be very profitable for anyone, and if more and more investors are looking at bitcoin as their long-term investment asset, you can be sure that the price of bitcoin will boom. the formula is very simple, the more bitcoins are sought, the rarer they are, and the rarer bitcoin, the value goes up.

Are you sure about this formula? by looking for Bitcoin all prices will go back up and you don't think about how much the transaction fee will be every time you buy and sell Bitcoin in the crypto world. I think more factors that make changes in the price of each virtual currency at this time. I'm more waiting for the price of Bitcoin to decrease very far to be able to buy in large quantities.

That's true, however, if you don't have that much resources available in your possession then I guess there's no other choice but to face the high transaction fees as you're into long-term holding, that fee won't matter at all because it is not like everyday you'll buy a whole coin or a fraction of it. And if you have much resources available, then I think there's no need to wait for the discount because you'll be wasting time.

[lixer]

As Bitcoin popularity grows, the hate for it is also growing and as a result some countries will ban it. Not all wants to be an investor but those who are into it will start has a positive mindset but as a newbie investor, mistakes are still there. It's fine as long as we are willing to learn from it and stand up again as a stronger version of our selves.

Bitcoin can make a person curious and it occurs not only because of its increasing value so those who will try it will not always end up as an investor. When it comes to introducing Bitcoin, we should start at the very beginning and don't just jump in and say that Bitcoin is great for investing as some things could go wrong.

Although some countries may view bitcoin as a threat, with potential for illegal use, the mere mention of it can still lead to increased interest and education about the cryptocurrency. In fact, the very act of banning bitcoin in certain countries can create a buzz and generate more curiosity among people. The internet is a powerful tool and once people hear about something like bitcoin, they will likely seek out more information to learn what it is all about.

For those who are hesitant to invest real money in bitcoin, there are alternatives available. Freelancing platforms now offer the option to receive payments in bitcoin, which provides a low-risk introduction to the world of cryptocurrencies. Another way to earn bitcoin is through free faucets, which give out small amounts of bitcoin for simply spending time on their platform. This can be a great starting point for those who want to get a feel for bitcoin without investing a significant amount of money.

[Pejoh Asu]

The development of bitcoin is getting faster because there are many altcoins that make projects and accept bitcoin payments, and I think the thing that makes bitcoin grow is new campaigns or projects from altcoins, and I believe that if bitcoin can last another 10 years then the number of users can reach at least 800 million or about 10% of the world's population.

[TheGreatPython]

Are you sure about this formula? by looking for Bitcoin all prices will go back up and you don't think about how much the transaction fee will be every time you buy and sell Bitcoin in the crypto world. I think more factors that make changes in the price of each virtual currency at this time. I'm more waiting for the price of Bitcoin to decrease very far to be able to buy in large quantities.

That's true, however, if you don't have that much resources available in your possession then I guess there's no other choice but to face the high transaction fees as you're into long-term holding, that fee won't matter at all because it is not like everyday you'll buy a whole coin or a fraction of it. And if you have much resources available, then I think there's no need to wait for the discount because you'll be wasting time.

Indeed that the transaction fees are one of the major concerns of the people once the price of the cryptos pump but there are still times where the transaction fees will get lower. You just need to do the transaction on the off peak hours or when most people are sleeping.

It was usually around 12 or 1 am. The transaction fees will normalize again because there will be corrections and market bears that will happen from time to time. Transaction fees will mostly matter anyway for those who use their crypto regularly or as a currency. Can also be bothering for those who are into trading but not for those who are into longer terms of investing.

[Cryptomultiplier]

As Bitcoin popularity grows, the hate for it is also growing and as a result some countries will ban it. Not all wants to be an investor but those who are into it will start has a positive mindset but as a newbie investor, mistakes are still there. It's fine as long as we are willing to learn from it and stand up again as a stronger version of our selves.

Bitcoin can make a person curious and it occurs not only because of its increasing value so those who will try it will not always end up as an investor. When it comes to introducing Bitcoin, we should start at the very beginning and don't just jump in and say that Bitcoin is great for investing as some things could go wrong.

Although some countries may view bitcoin as a threat, with potential for illegal use, the mere mention of it can still lead to increased interest and education about the cryptocurrency. In fact, the very act of banning bitcoin in certain countries can create a buzz and generate more curiosity among people. The internet is a powerful tool and once people hear about something like bitcoin, they will likely seek out more information to learn what it is all about.

For those who are hesitant to invest real money in bitcoin, there are alternatives available. Freelancing platforms now offer the option to receive payments in bitcoin, which provides a low-risk introduction to the world of cryptocurrencies. Another way to earn bitcoin is through free faucets, which give out small amounts of bitcoin for simply spending time on their platform. This can be a great starting point for those who want to get a feel for bitcoin without investing a significant amount of money.

The benefits from Bitcoin is quite numerous. The crypto is gaining followers following the launch of web3.0 and other Blockchain technology that has been developed.
As many businesses are creating channels to accept cryptocurrency, so is freelance work and other campaign sites offering freebies for completing tasks and answering quizzes.
New comers will join as they see the steady advancement and use of Bitcoin, because these days, no one wants to loose much to scammers or hackers or market crash palava. They would instead opt for a crypto currency that has endured the market volatility and remained in business. This is one reason why Bitcoin will keep getting new users and keep paving the way.

[lionheart78]

Retention is the key factor here. What's the point if the investors invest and quickly sell their assets and convert them into FIAT? Investors need to continue HODLING their stash for longer periods in my opinion.

This is only possible if the pros and cons related to BTC continue to rise and fall respectively over time.

Holding make the coins out of the market thus creating an artificial shortage of coins supply in the market, it is similar to hoarding that can bloat the price of Bitcoin temporarily.  I believe the best thing for Bitcoin to have a strong value in the market is for people using them, and transacting with Bitcoin.  If more people are using Bitcoin in the way it is intended to be, there will be less volatility in the market, and the price of Bitcoin will steadily go up as adoption is taking place.

Holding at some point will increase the price of Bitcoin because of the stated reason, but eventually, when these holders decided to cash out, this will make the price crash because a sudden influx of coins will saturate the market and this will make the price crash.  Though many holders will get profit the image of Bitcoin will then be tarnished because of its high volatility.

It is always best to see Bitcoin being used as it should be because I think through adoption and real-life usage of Bitcoin will make it stay.

[Aliosky]

Anyone who invests in bitcoin will see great returns, and you should expect the price of bitcoin to soar if more investors start considering it as a long-term investment instrument. The equation is fairly straightforward the more scarce bitcoins are, the more valuable they become. Although Bitcoin has been around for a while, I'm not sure if everyone is aware of it because the majority of people have never heard of it before. You can decide whether to share it with them or ignore them in order to identify people who are enthusiastic about investing in bitcoin. If someone has no idea what they are investing in when they buy Bitcoin, you cannot force them to do so.

[bestcoins1]

The development of bitcoin is getting faster because there are many altcoins that make projects and accept bitcoin payments, and I think the thing that makes bitcoin grow is new campaigns or projects from altcoins, and I believe that if bitcoin can last another 10 years then the number of users can reach at least 800 million or about 10% of the world's population.

I don't think the development of Bitcoin is influenced by the large number of altcoin projects that accept payments via Bitcoin, because it is still in the path of the very common crypto space so its impact will not be as big for Bitcoin. After all, very few investors are willing to sacrifice Bitcoin for altcoins whose future is unclear.

But a very influential impact on the development of Bitcoin is the adoption of Bitcoin from several well-known large companies and also from several countries that have begun to legalize Bitcoin for payments. So that the impact on increasing the number of Bitcoin users themselves will also be felt from year to year.

[Xampeuu]

The development of bitcoin is getting faster because there are many altcoins that make projects and accept bitcoin payments, and I think the thing that makes bitcoin grow is new campaigns or projects from altcoins, and I believe that if bitcoin can last another 10 years then the number of users can reach at least 800 million or about 10% of the world's population.

I don't think the development of Bitcoin is influenced by the large number of altcoin projects that accept payments via Bitcoin, because it is still in the path of the very common crypto space so its impact will not be as big for Bitcoin. After all, very few investors are willing to sacrifice Bitcoin for altcoins whose future is unclear.

But a very influential impact on the development of Bitcoin is the adoption of Bitcoin from several well-known large companies and also from several countries that have begun to legalize Bitcoin for payments. So that the impact on increasing the number of Bitcoin users themselves will also be felt from year to year.

actually there are not many altcoin projects that don't become solid in the end, even more that are abandoned. I thought the bitcoin journey would be lively if there was a rally, and finally it was reported in the media, even many large companies have adopted bitcoin, so that it has an effect on its development. especially now if big companies adopt it, their consumers will also use it, and if it happens massively it will have a big influence later

[Raceonsucced]

I also first learned about bitcoin from my friend. so I'm interested in investing and want to try it.

Introducing bitcoin to others is great, but we also have to teach them what the risks and rewards are. For example, if we only tell him about profits, when he loses, he is afraid to blame us because we asked him to invest.

So, teach him about bitcoin how the benefits and risks.

[Vishnu.Reang]

Bitcoin was the first cryptocurrency created and is now the most traded and well-known. It was first launched in January 2009 by a computer programmer or group of programmers under the pseudonym Satoshi Namkamoto, whose actual identify has never verified. Invest in bitcoin was my great decision on 2010 because of this investment I am financially independent.

[fullhdpixel]

Bitcoin was the first cryptocurrency created and is now the most traded and well-known. It was first launched in January 2009 by a computer programmer or group of programmers under the pseudonym Satoshi Namkamoto, whose actual identify has never verified. Invest in bitcoin was my great decision on 2010 because of this investment I am financially independent.

We already know those facts about Bitcoin but still thanks for sharing it. It is helpful for the newbies who did not do their own research about the history of BTC. It's great if you are one of the pioneers in BTC but when I check your profile, you are only registered on 2017? How come when Bitcointalk was the first Bitcoin forum.

Not only that but you seem like a member of an old signature campaign. If you have lots of BTC, then there is no need for you to apply in a sig campaign and earn peanuts unless only if you have sold all your BTC's the moment it pumps up but it happens because it's really hard to ignore the pump. It's like we are only torturing our selves but you can choose to not sell all and then you can also buy back when the price dips again.

[GeorgeJohn]

Maybe many people already know about crypto, especially about Bitcoin. They just don't understand how to get it. The basic problem is that there are no local exchanges that support fiat currency. Not everyone understands about global exchanges for making fiat deposits from banks. So how can they acquire Bitcoins. The local exchange is a major factor in this. If every country has a local exchange, I think crypto users are much higher compared to now.
Bitcoin is advertised almost every day. Any platform that advertises on the internet, they will use Bitcoin as the main icon. Even in football leagues now there are Bitcoin advertisements.

You might feel that many people have known bitcoin from the root, but the way I'm seeing things I don't think bitcoin has reached every country grassroots, if not the help of internet and especially social media bitcoin would have not be known, so I believe that in some certain places like the rural areas bitcoin has to spread it tentacles to the extent local businesses women and men to the values of bitcoin, its not most that everyone will know the adoption of bitcoin and also invest on bitcoin.

[ammo121810]

I will like to tell you guys a little about the improvement of Bitcoin.
If there is 8 billion people in the world today and 190 million people has invested in Bitcoin, which means Bitcoin is almost all over the world.

I will likely say from the year 2009 when Bitcoin was lunched till date 190 Million people had invested on Bitcoin and I think from now till about more 10 years it will be over 300 million investors.

And I think many more people are still trying to invest on Bitcoin, I have friends which I introduced to Bitcoin and they have invested already.

So guys for you to be a good investor you have to introduce Bitcoin to other who are not on this forum, enlighten them couch them how it works too.

BITCOIN IS HERE TO STAY.

I believe that too that Bitcoin is here to stay. Introducing Bitcoin to someone who are not on this forum can be a bit challenging because some people are closed minded. But let me site example things to let them know about bitcoin. Bitcoin is a digital currency that can be used to buy goods and online services, it is decentralized which means that no goverment or financial institution controls it. Bitcoin can be bought and sold on exchanges or used to make purchases directly. It is important to educate them that Bitcoin is a volatile asset, and its value can fluctuate rapidly. And they should know that bitcoin is a high risk investment.

[Litzki1990]

I will like to tell you guys a little about the improvement of Bitcoin.
If there is 8 billion people in the world today and 190 million people has invested in Bitcoin, which means Bitcoin is almost all over the world.

I will likely say from the year 2009 when Bitcoin was lunched till date 190 Million people had invested on Bitcoin and I think from now till about more 10 years it will be over 300 million investors.

And I think many more people are still trying to invest on Bitcoin, I have friends which I introduced to Bitcoin and they have invested already.

So guys for you to be a good investor you have to introduce Bitcoin to other who are not on this forum, enlighten them couch them how it works too.

BITCOIN IS HERE TO STAY.

Since its inception in 2009, Bitcoin's popularity has been steadily increasing. Bitcoin is spread all over the world now and the prevalence of Bitcoin is increasing day by day. 190 million official news investment amount may increase further. Because there are many countries where Bitcoin is completely illegal, people in those countries usually secretly invest in Bitcoins that are not exposed to the public. The number of people investing in Bitcoin, whether privately or openly, is growing. 

Friends around us were not much interested in Bitcoin before but recently they are showing interest in Bitcoin. And I decided to help them as much as I could. Hopefully this way the popularity and expansion of Bitcoin will increase.

[maydna]

If people could embrace something new by learning what benefits it could bring them, it would increase the number of investors in bitcoin year after year. But to become a bitcoin investor is not easy because they have to be able to deal with increasingly wild price volatility.

We can introduce bitcoins to other people, depending on their interest in accepting them. If they are interested, they must do their own research and not depend on other people to be independent and improve their ability to analyze market situations.