Can Bitcoin be trusted?

[peter0425]

-snip-
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 is also like Crypto in general where price movements are determined by the market,

Wait mate but WHAT? Bitcoin is a CRYPTO and not General alike lol.

 I mean for example when the market is in a bearish period it will make bitcoin prices fall because it is usually caused by panic selling factors which make prices fall,

but bitcoin is at least may rise sooner and climb higher comparing to shitcoin that you are pointing , and besides they are all cryptocurrency but bitcoin is the top and secure.

but if you invest in bitcoin for the long term you will not you need to worry about the price of bitcoin falling, because so far bitcoin has been proven to be able to bounce back every time it goes down and when a bull market occurs there is a possibility that the price will experience a massive pump and can bring bitcoin to a new ATH.

bitcoin or Ethereum are both safe , so diversify your investment and that is better.

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[Don Pedro Dinero]

The OP's question seems like a joke.

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 by crash you mean that the value goes to 0, it won't happen. Maybe 10 years ago it was a more real possibility, but with how widespread it is today there is no way.

You also have to learn, and explain to your friend, that bitcoin is different from other altcoins, and the SEC has recently recognised this, making it clear that bitcoin is a commodity and other securities. Bitcoin is like gold, while altcoins are like securities issued by a company.

If by crash, however, you mean sharp price drops, bitcoin is not free of that, as we have seen in the last year, but then it also has extraordinary rises that compensate for the drop and more.

[gunhell16]

There are many reasons why I trust bitcoin, first of all it gives me income, and it also helps me to pay my bills without hassle
and sending money in any place of the world now.

In addition to this, it also gives me savings for the future, secondly, a lot of well-known businessmen and companies have accepted the bitcoin concept because of the blockchain technology it brings and others.

[Dickiy]

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.

I don't think you should force them to join this forum to know all about bitcoin, I know your intentions are very good in this regard but it is not your obligation to insist that your beliefs are correct in this context. The thing that I think is the smartest in telling him you have to have a better life than those who reject bitcoin in him, I think they will come naturally and be interested in what you do in your process so that it reaches the point that person expects.
Speaking of context, everything will definitely have a crash, be it stocks, precious metals and others and as we can see bitcoin crashes several times and in the end it returns to its highest position and even makes the latest ATH in each of its cycles.

[DiMarxist]

Yeah bitcoin users trusted bitcoin when are interested of using bitcoin you know Bitcoin and you will trust it.begginers or somebody that don't even know bitcoin can never ever trust Bitcoin no matter how explain Bitcoin for them because they know how valuable Bitcoin is so they will not trust Bitcoin but Bitcoin users always know the value Bitcoin so we always trust Bitcoin and one l know about Bitcoin is no body can rule Bitcoin or command Bitcoin so we'll be trusted.

[bitgolden]

If by crash you mean that the value goes to 0, it won't happen. Maybe 10 years ago it was a more real possibility, but with how widespread it is today there is no way.

You also have to learn, and explain to your friend, that bitcoin is different from other altcoins, and the SEC has recently recognised this, making it clear that bitcoin is a commodity and other securities. Bitcoin is like gold, while altcoins are like securities issued by a company.

If by crash, however, you mean sharp price drops, bitcoin is not free of that, as we have seen in the last year, but then it also has extraordinary rises that compensate for the drop and more.

I agree that the decision SEC gave is something important in the finance world but it was definitely something that we all knew beforehand.

The biggest difference is that when we are talking about bitcoin, it is truly decentralized and there is nobody at the top making a profit out of anything about it, and yet when we are talking about some made up token or coin, there are devs that make the most money out of it, if I create a token today and sell it to you, that would mean I created a security, and whereas bitcoin is not like that I can sell bitcoin to you and it would be like selling a gold to you. But we knew it, it was already known, it was a fact way before SEC got involved.

[Natalim]

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.

I don't think you should force them to join this forum to know all about bitcoin, I know your intentions are very good in this regard but it is not your obligation to insist that your beliefs are correct in this context. The thing that I think is the smartest in telling him you have to have a better life than those who reject bitcoin in him, I think they will come naturally and be interested in what you do in your process so that it reaches the point that person expects.
Speaking of context, everything will definitely have a crash, be it stocks, precious metals and others and as we can see bitcoin crashes several times and in the end it returns to its highest position and even makes the latest ATH in each of its cycles.

Perhaps, it was wrong to urge someone to learn about Bitcoin but rather wait until such time comes for their interest. Besides, it was hard to educate a person who already has been negative about Bitcoin and much harder to convince to trust Bitcoin if they already suffered losses or got scammed. This is the reason why I don't talk about Bitcoin to any of my friends unless they will ask, unless they have curiosity and are willing to listen.

[YOSHIE]

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.

Actually whatever you do, if you and your friends don't believe in something you're doing, it's not just Bitcoin, apart from the action you want to take it's the same, so is Bitcoin.

Bitcoin is currently more or less running for 14 years, meaning: from ordinary people, state officials, entrepreneurs, internal and external investors, speculation experts & prediction experts, cities to villages, children to adults, overall they believe and trust Bitcoin as a digital currency, only to be traded and invested, many of those who are billionaires have invested their shares for Bitcoin until there are millions of dollars, of course they are all safe and they believe it.

Tell your friend that, because of Bitcoin, there is another crypto industry as he sees it now, it's a different story if Bitcoin wasn't created, maybe we all don't know the different types of crypto industry.

[BobK71]

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 is a trading tool, it will not remain static. Sometimes we see big bitcoin crashes which is very normal. Bitcoin will crash and recover again these two things are very common in bitcoin. Many may have stopped dreaming about Bitcoin after 2018 but the years 2020 and 2021 have made that dream come true. It started falling again in 2022 and now it is trying to recover again in 2023. This is how it will continue. But the most important thing is that those who believed in Bitcoin were the gainers later. But as a newbie you need to know some things thoroughly if you want to convince someone. Only then will you be able to raise awareness of Bitcoin among others.

[Silberman]

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 is a trading tool, it will not remain static. Sometimes we see big bitcoin crashes which is very normal. Bitcoin will crash and recover again these two things are very common in bitcoin. Many may have stopped dreaming about Bitcoin after 2018 but the years 2020 and 2021 have made that dream come true. It started falling again in 2022 and now it is trying to recover again in 2023. This is how it will continue. But the most important thing is that those who believed in Bitcoin were the gainers later. But as a newbie you need to know some things thoroughly if you want to convince someone. Only then will you be able to raise awareness of Bitcoin among others.

Like most of the time the best way to lead is by example, and the OP is simply not ready to do this, I say this because if they were ready to do this then they will not need to ask if bitcoin will crash on the future, as anyone that has experimented a bear market before knows the answer to that question and they can even describe the feelings they went through at the time when this happened, and even if the OP wants to help his friend to become part of this market he is not in the possibility of doing so, and instead they should help themselves and learn more about this market and how it works before they try to influence others.

[Questat]

snip~

Bitcoin is a trading tool, it will not remain static. Sometimes we see big bitcoin crashes which is very normal. Bitcoin will crash and recover again these two things are very common in bitcoin. Many may have stopped dreaming about Bitcoin after 2018 but the years 2020 and 2021 have made that dream come true. It started falling again in 2022 and now it is trying to recover again in 2023. This is how it will continue. But the most important thing is that those who believed in Bitcoin were the gainers later. But as a newbie you need to know some things thoroughly if you want to convince someone. Only then will you be able to raise awareness of Bitcoin among others.

Like most of the time the best way to lead is by example, and the OP is simply not ready to do this, I say this because if they were ready to do this then they will not need to ask if bitcoin will crash on the future, as anyone that has experimented a bear market before knows the answer to that question and they can even describe the feelings they went through at the time when this happened, and even if the OP wants to help his friend to become part of this market he is not in the possibility of doing so, and instead they should help themselves and learn more about this market and how it works before they try to influence others.

I'd see that OP is having a hard time explaining it to his friend because, in the first place, he is not sure as well of what he is doing. If I am his friend asking him, I won't also trust his statement/advice because I can't see it to myself. Now that he is asking the forum, it was noted that he is not capable enough to teach his friend, not because he might don't have long market experience but also because he never trust Bitcoin as well.
This is the reason why we can see a lot of false and misinformation circulating on the internet which could lead us to a different directions.

[Minecache]

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.

I don't think you should force them to join this forum to know all about bitcoin, I know your intentions are very good in this regard but it is not your obligation to insist that your beliefs are correct in this context. The thing that I think is the smartest in telling him you have to have a better life than those who reject bitcoin in him, I think they will come naturally and be interested in what you do in your process so that it reaches the point that person expects.
Speaking of context, everything will definitely have a crash, be it stocks, precious metals and others and as we can see bitcoin crashes several times and in the end it returns to its highest position and even makes the latest ATH in each of its cycles.

Perhaps, it was wrong to urge someone to learn about Bitcoin but rather wait until such time comes for their interest. Besides, it was hard to educate a person who already has been negative about Bitcoin and much harder to convince to trust Bitcoin if they already suffered losses or got scammed. This is the reason why I don't talk about Bitcoin to any of my friends unless they will ask, unless they have curiosity and are willing to listen.

For those who already have a negative view of bitcoin and try to explain it to them, we are just wasting our precious time with no good results.
Me too, I don't have time to explain bitcoin to someone and find a way to make them believe in bitcoin. It's not our duty, it's their chance, but if they don't take it, it's their fault.

Better way to explain to them is to show them the results you get when you invest in bitcoin, they will know what to do, and you don't need to explain too much.

[G_Besar]

Yeah bitcoin users trusted bitcoin when are interested of using bitcoin you know Bitcoin and you will trust it.begginers or somebody that don't even know bitcoin can never ever trust Bitcoin no matter how explain Bitcoin for them because they know how valuable Bitcoin is so they will not trust Bitcoin but Bitcoin users always know the value Bitcoin so we always trust Bitcoin and one l know about Bitcoin is no body can rule Bitcoin or command Bitcoin so we'll be trusted.

Some beginners or some people who don't know about Bitcoin sometimes also have different thoughts about Bitcoin. The first thought is that those who don't know Bitcoin will still not want to find out what Bitcoin is so they will still maintain their own ideas by not wanting to know more about Bitcoin. Meanwhile, some other people will continue to find out about Bitcoin after hearing about it through other people or after reading it through internet media and this is a better thought than those who don't want to know about Bitcoin.

[ultrloa]

snip~

Bitcoin is a trading tool, it will not remain static. Sometimes we see big bitcoin crashes which is very normal. Bitcoin will crash and recover again these two things are very common in bitcoin. Many may have stopped dreaming about Bitcoin after 2018 but the years 2020 and 2021 have made that dream come true. It started falling again in 2022 and now it is trying to recover again in 2023. This is how it will continue. But the most important thing is that those who believed in Bitcoin were the gainers later. But as a newbie you need to know some things thoroughly if you want to convince someone. Only then will you be able to raise awareness of Bitcoin among others.

Like most of the time the best way to lead is by example, and the OP is simply not ready to do this, I say this because if they were ready to do this then they will not need to ask if bitcoin will crash on the future, as anyone that has experimented a bear market before knows the answer to that question and they can even describe the feelings they went through at the time when this happened, and even if the OP wants to help his friend to become part of this market he is not in the possibility of doing so, and instead they should help themselves and learn more about this market and how it works before they try to influence others.

I'd see that OP is having a hard time explaining it to his friend because, in the first place, he is not sure as well of what he is doing. If I am his friend asking him, I won't also trust his statement/advice because I can't see it to myself. Now that he is asking the forum, it was noted that he is not capable enough to teach his friend, not because he might don't have long market experience but also because he never trust Bitcoin as well.
This is the reason why we can see a lot of false and misinformation circulating on the internet which could lead us to a different directions.

Over explaining it with unverified information can make those newbies mislead to the informations they here from those people who explain it to them. But even if they got misleading information it still good especially those guys point out this forum if they could learn more since those misleading information can be corrected like this when they try to ask about more information they want to know about bitcoin. Forum is great place to know about everything in crypto so hopefully majority of newbies will go here because so far this is the legit place where they can get good informations about this scene.

[Pejoh Asu]

Bitcoin and cryptocurrencies is an asset that really depends on the community, not many countries have legalized bitcoin so saving bitcoin is always risky, of course we often hear that many people are stressed because of losses when investing in bitcoin, most of them think that investing in bitcoin is always safe and profitable, the fact is of course not because bitcoin can drop more than 10% per day or more than 70% a year, so be wise when we invest bitcoin.

[Yamifoud]

Yeah bitcoin users trusted bitcoin when are interested of using bitcoin you know Bitcoin and you will trust it.begginers or somebody that don't even know bitcoin can never ever trust Bitcoin no matter how explain Bitcoin for them because they know how valuable Bitcoin is so they will not trust Bitcoin but Bitcoin users always know the value Bitcoin so we always trust Bitcoin and one l know about Bitcoin is no body can rule Bitcoin or command Bitcoin so we'll be trusted.

Some beginners or some people who don't know about Bitcoin sometimes also have different thoughts about Bitcoin. The first thought is that those who don't know Bitcoin will still not want to find out what Bitcoin is so they will still maintain their own ideas by not wanting to know more about Bitcoin. Meanwhile, some other people will continue to find out about Bitcoin after hearing about it through other people or after reading it through internet media and this is a better thought than those who don't want to know about Bitcoin.

This actually happens when the market is full of market speculations, we never know exactly who is telling the truth and who is not. That is why we don't just rely on the information we get from a single site but rather search more in order to get what we wanted to know. But most of all, we need to experience real investment in order to verify what we read on the internet. More sources of information can actually be confusing and cause worries but this is not an excuse if we wanted to learn. Yes, we need to try and let the trust develop once we fully understand how the market works.

[Silberman]

Like most of the time the best way to lead is by example, and the OP is simply not ready to do this, I say this because if they were ready to do this then they will not need to ask if bitcoin will crash on the future, as anyone that has experimented a bear market before knows the answer to that question and they can even describe the feelings they went through at the time when this happened, and even if the OP wants to help his friend to become part of this market he is not in the possibility of doing so, and instead they should help themselves and learn more about this market and how it works before they try to influence others.

I'd see that OP is having a hard time explaining it to his friend because, in the first place, he is not sure as well of what he is doing. If I am his friend asking him, I won't also trust his statement/advice because I can't see it to myself. Now that he is asking the forum, it was noted that he is not capable enough to teach his friend, not because he might don't have long market experience but also because he never trust Bitcoin as well.
This is the reason why we can see a lot of false and misinformation circulating on the internet which could lead us to a different directions.

Yes, I appreciate they are trying to help their friend to become part of one of the most profitable markets on the last decade, but at the same time they are not on the possibility to help anyone when they cannot even help themselves, so it is better for the OP to concentrate on learning more about the market and how it has moved on the past so they accept the fact that just as bitcoin can go up in value really quickly the reverse also happens from time to time.

[AmoreJaz]

Bitcoin and cryptocurrencies is an asset that really depends on the community, not many countries have legalized bitcoin so saving bitcoin is always risky, of course we often hear that many people are stressed because of losses when investing in bitcoin, most of them think that investing in bitcoin is always safe and profitable, the fact is of course not because bitcoin can drop more than 10% per day or more than 70% a year, so be wise when we invest bitcoin.

 going into this market requires self-awareness that bitcoin or any other alt has their own flaws and do not guarantee your profit upon investing on these markets. it is no secret that crypto market is a relatively new and volatile market. so if someone jump on this market with the thought of getting rich quick. then he is delusional. i guess a lot of noobs have such thought of gaining huge profits at a short period of time. and once they got rekt, they will spread baseless fud, creating a notion to noncrypto users that bitcoin itself is a scam.

[Joshapat]

Yeah bitcoin users trusted bitcoin when are interested of using bitcoin you know Bitcoin and you will trust it.begginers or somebody that don't even know bitcoin can never ever trust Bitcoin no matter how explain Bitcoin for them because they know how valuable Bitcoin is so they will not trust Bitcoin but Bitcoin users always know the value Bitcoin so we always trust Bitcoin and one l know about Bitcoin is no body can rule Bitcoin or command Bitcoin so we'll be trusted.

The most important factor that makes bitcoin valuable is a solid community, now many countries are starting to open their doors to accept bitcoin, this is because global users continue to increase unstoppably, moreover many large companies are actively investing in bitcoin so that one day the price of bitcoin will continue to increase .

[Davian144]

Bitcoin and cryptocurrencies is an asset that really depends on the community, not many countries have legalized bitcoin so saving bitcoin is always risky, of course we often hear that many people are stressed because of losses when investing in bitcoin, most of them think that investing in bitcoin is always safe and profitable, the fact is of course not because bitcoin can drop more than 10% per day or more than 70% a year, so be wise when we invest bitcoin.

I don't often hear of people being stressed about saving Bitcoins or losing Bitcoins, because very few people are stressed about losing Bitcoins and they may make the mistake of not having enough patience when investing or saving Bitcoins so they experience loss with Bitcoin.

And it could also be those who are experiencing losses because they are triggered by panic due to seeing bad news for Bitcoin, even though if only they can be patient in the long term or at least until they get profits through Bitcoin, they will not experience losses or stress like you said. So all of that comes back to each of them to what extent they can be patient in carrying out their investment period and also the period of storing their Bitcoin.