Can Bitcoin be trusted?

[kotajikikox]

A friend of mine came to me and we were having a conversation and I was trying to introduce he to the forum,but he turns out that I was asked if I really trust and believe in bitcoin it will never crash like other cypto industry.

I want know if it will not crash and I need help to convince him about it that it will not crash because am a beginner and I haven't know much about bitcoin so I guess been here I will fine help to assist my friend to join the forum.

If you cannot depend bitcoin then how can you lure people inside it? you have been here in the forum for quite a long now yet know nothing about bitcoin? sounds not legit mate because I believe that engaging in this forum will at least give you enough understanding about what and how good bitcoin is.

[Obim34]

A friend of mine came to me and we were having a conversation and I was trying to introduce he to the forum,but he turns out that I was asked if I really trust and believe in bitcoin it will never crash like other cypto industry.

I want know if it will not crash and I need help to convince him about it that it will not crash because am a beginner and I haven't know much about bitcoin so I guess been here I will fine help to assist my friend to join the forum.

If you cannot depend bitcoin then how can you lure people inside it? you have been here in the forum for quite a long now yet know nothing about bitcoin? sounds not legit mate because I believe that engaging in this forum will at least give you enough understanding about what and how good bitcoin is.

Did you check when the post was made, this post was made when he was yet a beginner now I'm very sure you did not read between the lines when he said

I want know if it will not crash and I need help to convince him about it that it will not crash because am a beginner and I haven't know much about bitcoin so I guess been here I will fine help to assist my friend to join the forum.

Please next time do well to read carefully before making any comments.

[EarnOnVictor]

A friend of mine came to me and we were having a conversation and I was trying to introduce he to the forum,but he turns out that I was asked if I really trust and believe in bitcoin it will never crash like other cypto industry.

I want know if it will not crash and I need help to convince him about it that it will not crash because am a beginner and I haven't know much about bitcoin so I guess been here I will fine help to assist my friend to join the forum.

If you cannot depend bitcoin then how can you lure people inside it? you have been here in the forum for quite a long now yet know nothing about bitcoin? sounds not legit mate because I believe that engaging in this forum will at least give you enough understanding about what and how good bitcoin is.

Luring people to Bitcoin? That is just unnecessary, Bitcoin is not a must asset you should invest in, it is just a matter of choice. But if it is to convince people you wanted to say, that is good and very necessary in case you do not want the person to miss out. But still, it is the choice of the person in this regard and even as Bitcoin speaks for itself, but the people who thought contrarily to invest in it will lose. This is unless they invest in altcoins and other investments which serve as an alternative to it. Nonetheless, I share in your view that the guy is not new, and what I see in his activity is more than enough to learn and know everything needed about the coin and not pretend this way.

By the way, on second thought, we have different reasons to join the forum and embrace Bitcoin, so he might not be paying attention to the seriousness of this forum and the Bitcoin that brought it close to us for some reason. For this, he might not be convinced really about Bitcoin, and I do not think that it can be so hurt to ask for genuity's sake.

[cakravothy]

of course bitcoin is trusted. all the most trusted crypto currencies are of course bitcoin. because bitcoin is the first crypto that exists and is the barometer of all crypto prices. bitcoin if in fiat money real life is USD. USD is crypto, of course bitcoin.

[barisbilgili]

of course bitcoin is trusted. all the most trusted crypto currencies are of course bitcoin. because bitcoin is the first crypto that exists and is the barometer of all crypto prices. bitcoin if in fiat money real life is USD. USD is crypto, of course bitcoin.

For now, this is true, but Bitcoin is not in real form so we cannot say it can be trusted in the long term, the global influence in the future is very difficult to predict so we cannot completely trust Bitcoin.
To invest or trade of course Bitcoin is the most trusted choice and even now the most trusted Crypto currency is Bitcoin so we have to sort out how to trust what is meant.

[Lanatsa]

of course bitcoin is trusted. all the most trusted crypto currencies are of course bitcoin. because bitcoin is the first crypto that exists and is the barometer of all crypto prices. bitcoin if in fiat money real life is USD. USD is crypto, of course bitcoin.

For now, this is true, but Bitcoin is not in real form so we cannot say it can be trusted in the long term, the global influence in the future is very difficult to predict so we cannot completely trust Bitcoin.
To invest or trade of course Bitcoin is the most trusted choice and even now the most trusted Crypto currency is Bitcoin so we have to sort out how to trust what is meant.

You are really just that not clear on what you are saying. You said that it cant be trusted but in the end you said its been most trusted. LOOLL!
When it comes to trust, then those ranks do able to tell on which projects had been trusted by the whole community and we arent that blind of it on which Bitcoin do sits up on the top.
Therefore, trust is really there on which theres no doubt that it is that been mainly supported. In an individual perspective on things then it would really be just that depending on you
whether you would really be investing on it or not.

The main rule that we should put up into our minds on the time that we do plan investing on crypto is that you should really just that invest on the amount that you can afford to lose.
We do know that this market doesnt really have an assurance whether it would succeed or not in the near future. This is why getting all in
is never been advisable or recommendable.

[Onyeeze]

A friend of mine came to me and we were having a conversation and I was trying to introduce he to the forum,but he turns out that I was asked if I really trust and believe in bitcoin it will never crash like other cypto industry.

I want know if it will not crash and I need help to convince him about it that it will not crash because am a beginner and I haven't know much about bitcoin so I guess been here I will fine help to assist my friend to join the forum.

Bitcoin can be trusted when you know about the technology of bitcoin very well, so I know quite well that the things that makes people to lose trust in bitcoin should be as results of ignorant and inability to understand how the system of bitcoin works, before now many people do not trust bitcoin but since some people have tested the investment of Bitcoin and also make profit through the investment of Bitcoin they continued to invest in bitcoin, so what I'm saying in nutshell concerning bitcoin investment is that it's something you have to to test and know the good and bad in bitcoin investment before you can condemn bitcoin. Sure bitcoin is trusted

[cakravothy]

bitcoin has been around since 2009. and until now it has been 15 years and bitcoin is still there. bitcoin users are increasing and many countries have officially regulated bitcoin. that means bitcoin has been legally recognized by the government in many countries. even in elsavador bitcoin has even been legalized as a legal means of payment as well as currency. of course bitcoin is trusted.

[Oneandpure]

Bitcoin can be trusted when your are in the right time for investing, I think many people get doubt when investing in bitcoin because they are have wrong moment to buy or sell bitcoin. Since I know bitcoin last six years ago and looking how price movement  I don't doubt for investing in bitcoin and become most trusted investment assets for the future.

bitcoin has been around since 2009. and until now it has been 15 years and bitcoin is still there. bitcoin users are increasing and many countries have officially regulated bitcoin. that means bitcoin has been legally recognized by the government in many countries. even in elsavador bitcoin has even been legalized as a legal means of payment as well as currency. of course bitcoin is trusted.

Some country and several top companies have accepted bitcoin as legal payment currency transaction and I think not has weakness side doubt with bitcoin, first time launched last 15 years ago and bitcoin price up significant why have worry and doubt with bitcoin. El Savador showed us what the advantage getting after making bitcoin as legal bitcoin transaction payment and their country have been popular with many tourism come there with easily payment currency as bitcoin.

[CageMabok]

of course bitcoin is trusted. all the most trusted crypto currencies are of course bitcoin. because bitcoin is the first crypto that exists and is the barometer of all crypto prices. bitcoin if in fiat money real life is USD. USD is crypto, of course bitcoin.

Now there are a lot of cryptocurrencies circulating in the market, but the trustworthiness of each person still varies greatly, although in general or most people still believe in Bitcoin as a very good and reliable cryptocurrency for the future. . As for fiat currencies, I think there is no proper comparison between other currencies even though the USD is still more dominant in global transactions.

For now, this is true, but Bitcoin is not in real form so we cannot say it can be trusted in the long term, the global influence in the future is very difficult to predict so we cannot completely trust Bitcoin.
To invest or trade of course Bitcoin is the most trusted choice and even now the most trusted Crypto currency is Bitcoin so we have to sort out how to trust what is meant.

If someone already believes in Bitcoin, I don't think there is a need for him to physically see Bitcoin if what he is trusting in can still provide sufficient profits for him through investment or trading. Because there is a reason to believe in something, even if someone has not seen something clearly before their eyes, so it comes back to each person when they want to react to it more wisely.

[JimboToronto]

Bitcoin have suffered 2 huge crashes at 2018 and 2021...

Not to mention the great crashes of 2010, 2011, 2013 and 2014.

[Falconer]

-snip-

If someone already believes in Bitcoin, I don't think there is a need for him to physically see Bitcoin if what he is trusting in can still provide sufficient profits for him through investment or trading. Because there is a reason to believe in something, even if someone has not seen something clearly before their eyes, so it comes back to each person when they want to react to it more wisely.

If you want to measure the level of public trust in bitcoin, then perhaps you should put aside its value and focus on its innovation. There are many things that make people believe in bitcoin and some of them are their knowledge about bitcoin and their experience while being involved in the blockchain industry. Adoption and real use cases growing over time is one of the things that should be attributed to increasing confidence in bitcoin. The involvement of institutions and many large companies in it can also make people's trust continue to increase, but in the end all of them certainly have different perceptions about bitcoin.

Regarding price, bitcoin is very volatile. The volatility may be high or sometimes low, but a person's trust and confidence in their future potential largely depends on how they understand bitcoin and how the market works. Of course there will be a shift in a more positive mindset towards bitcoin when ordinary people continue to receive proper education about what bitcoin is. The fluctuating value should not be a bad or scary thing, but it depends on the risk tolerance and perception of each individual as well.

[Dr.Osh]

no one knows what will happen in the future. As long as Bitcoin is still decentralized, and its price has large fluctuations, we don't know whether it will crash in the future, or will increase even more. However, until now, the price of bitcoin has always shown positive things. It has a very large community, and to date many large companies, or even countries accept it. There is no guarantee in telling your friends that the price won't drop, because if you say that, your friends will probably blame you if that happens. It would be best for him to find out and do in-depth research on this.

[smelody]

Trustworthiness of cryptocurrency varies depending on factors like mentality of person, it's security, regulation and the specific cryptocurrency in question. While some people trust cryptocurrencies for their decentralized nature and potential for financial freedom others are wary due to concerns about volatility scams and regulatory uncertainty.
Many of the person and agency told their currancy lost have been by scammers. Although it's not possible to hack approximately.

As a trading it's risky but should be holding long time for best profit. The price of Bitcoin rose to a record 69k in November 2021. Yesterday price approximately 45k.

Although many of the traders are not afraid about price because the "trust of Criptocurrancy."

[danadc]

no one knows what will happen in the future. As long as Bitcoin is still decentralized, and its price has large fluctuations, we don't know whether it will crash in the future, or will increase even more. However, until now, the price of bitcoin has always shown positive things. It has a very large community, and to date many large companies, or even countries accept it. There is no guarantee in telling your friends that the price won't drop, because if you say that, your friends will probably blame you if that happens. It would be best for him to find out and do in-depth research on this.

What you say is very true, we will not know for sure what will happen in the future, whether prices will soar high or fall, no one can tell us for sure about this and also we cannot tell someone about conditions that we cannot we know for sure in the future, so it would be better for us not to say anything that we cannot know for certain in the future if we don't want that person to blame what we say to them if Bitcoin experiences a decline that cannot recover in the future.

But you don't have to be so negative, in the future we will have a better bitcoin price, I think that for me in about 10 more years or about 15 years the Price of Bitcoin will be around $800k, you just have to look at the things that can be done if bitcoin is in a few years, and things can be done well, now those who don't believe that Bitcoin is going to go Up , it's just nothing that sells and that's it, there must be many good things to do You don't have to think too hard, I'm just asking for something, having a lot of money to buy the bitcoin I wan t, it's very difficult for me to buy, I couldn't buy bitcoin, but people who Have a lot of money should think about us in the Future , Don't hesitate and buy bitcoin.

Those who say that the price of Bitcoin is going to fall over the years simply do not know much about the markets, they do not Know about Stocks and they do not Even have a vision of good things, that is why we have to consider things as they are, sometimes Human beings only learn with their blows, it would be a very Strong blow if bitcoin is sold now and not wait 1 or 2 years when bitcoin rises to more than $100k.

[m2017]

no one knows what will happen in the future.

Not at all. Many here on the forum say that the price of bitcoin will probably only grow and grow over time. And they say this with such confidence that it begins to seem to me that they know something, but are hiding it. It's like they can see the future.

As long as Bitcoin is still decentralized, and its price has large fluctuations, we don't know whether it will crash in the future, or will increase even more.

I believe that it is not so much a matter of decentralization, but a belief in the future growth of bitcoin, which precisely fuels the capitalization of btc with new investments.

However, until now, the price of bitcoin has always shown positive things.

Yes, this is exactly the case, that the past bitcoin's history gives us hope for further growth.

It has a very large community, and to date many large companies, or even countries accept it.

In a sense, a large user base is already a guarantee of reliability. Even in the event of a collapse, there will likely remain a considerable community that will not allow bitcoin to perish completely.

There is no guarantee in telling your friends that the price won't drop, because if you say that, your friends will probably blame you if that happens.

It is better to refrain from giving guarantees for an asset that you cannot influence in any way. Your encouraging words to your friends now are the basis for their future reproaches for bad investment advice. Unnecessary responsibility, which in a positive scenario does not give you any profit, but in a negative scenario, you become a scapegoat.

It would be best for him to find out and do in-depth research on this.

Almost everyone wants to shift extra work and responsibility onto others.

[WillyAp]

The bitcoin Whitepaper should be rewritten.
Take out the P2P as it is not practical and rather slow on its own.
Make it a store of value. That it is at least.

[teamsherry]

I won't advice you to convince anyone into investing in bitcoin because clearly bitcoin remains a very volatile asset for now and could drop anytime soon in price and anyone who is not ready to face the reality of things would go finding someone to blame and you don't want to end up spoiling your relationship with a friend.

So ill advice you tell him to do his own research and learn about bitcoin on his own that's the only way he can actually grow, it's not all about investing but also security too and this is something that he needs to learn before even thinking about buying bitcoin.

[moneystery]

of course bitcoin is trusted. all the most trusted crypto currencies are of course bitcoin. because bitcoin is the first crypto that exists and is the barometer of all crypto prices. bitcoin if in fiat money real life is USD. USD is crypto, of course bitcoin.

compared to ethereum, tron, and other altcoins, bitcoin is much more reliable and trusted by investors. even though many people speculate that bitcoin is unstable and not suitable for long-term investment, that is only speculation, it does not represent the true potential of bitcoin. just look at how in the past few months bitcoin has moved significantly, that should convince people that bitcoin can be trusted and will remain reliable.

[Davian144]

The bitcoin Whitepaper should be rewritten.
Take out the P2P as it is not practical and rather slow on its own.
Make it a store of value. That it is at least.

Discourses like that are still not discussed by many people at the moment because without removing P2P itself in Bitcoin the conditions are still quite good even though you yourself say it is impractical and a bit slow. Because in my opinion P2P is not that slow and is still practical enough to continue to be used by many people in Bitcoin, especially so far the improvement in the value of Bitcoin has continued quite well and also quite significantly without any serious problems