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Author Topic: The love I have for bitcoin  (Read 220 times)
Little Mouse
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March 06, 2023, 03:17:07 PM
 #21

FTX bankruptcy had nothing to do with bitcoin though price reduction was normal because of the fear. In such a market, fear gets everyone and most people sell. There were a lot of such issues back in the time. Mtgox one has more influence on bitcoin price than ever if I'm correct but still, Bitcoin exists and has increased significantly amount than it was in the mtgox days. Centralized exchanges will come and go but Bitcoin will be there all the time.

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coupable
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March 06, 2023, 04:42:16 PM
 #22

When you think of cryptocurrency, the first thing that comes to your mind is bitcoin, you know why? Because it's the most reliable digital asset.
  The crypto space might be bearish right now, but bitcoin always have his way of bouncing back.
 Last year December when bitcoin was reduced to a new low due to ftx bankruptcy, most people think bitcoin is dead,  I told most of my friends to buy it as at them, they all refuse, but look at it today, it always stands tall because it is the future of finance.


In general, the crypto market goes through periods of fluctuation between ups and downs, like all products in the asset market, but since it is an emerging market, it is subject to sharp declines compared to the periods when the price is at its best.

 In fact, I did not understand the meaning of your post and sharing these ideas with us.  The first thing that comes to my mind is that you want to get merit points and upgrade your membership, but you may not have chosen the right way. Try to share something useful.
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March 06, 2023, 05:04:00 PM
 #23

When you think of cryptocurrency, the first thing that comes to your mind is bitcoin, you know why? Because it's the most reliable digital asset.
  The crypto space might be bearish right now, but bitcoin always have his way of bouncing back.
 Last year December when bitcoin was reduced to a new low due to ftx bankruptcy, most people think bitcoin is dead,  I told most of my friends to buy it as at them, they all refuse, but look at it today, it always stands tall because it is the future of finance.
how not, it was bitcoin that pioneered crypto.
until whenever bitcoin will remain on top.
when the ftx collapsed there was indeed a decline in bitcoin, but that was normal and normal.
because bitcoin is not going to collapse that easily.
stick to invest dibitcoin nothing else.

R


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March 06, 2023, 06:52:19 PM
 #24

No matter how bad the news out there is, it will not make bitcoin die. I believe bitcoin will still stand firm as the king of other coins, which will continue to occupy large market capitalists.
Some time ago there might have been a FUD attack that caused a dip because naturally a lot of people panic over the situation but I believe a lot of people will stick with bitcoin, even if some centralized exchanges go bust and some DeFi is just as bad luck obviously it doesn't affect bitcoin as a whole in the sense that bitcoin will go back up over time.

Let your friends reject bitcoin but you yourself already believe in bitcoin that is a good thing, maybe your friend will regret it later if the price of bitcoin goes up and up again.
Even though there is a big risk from market volatility, bitcoin has good potential to grow.

There are many ways for whales to get your bitcoins. Starting from bad news, market panic and ending with the creation of scams. This scheme has been known for a long time since the ICO: scammers create an altcoin, and promise that it will grow in price faster than bitcoin. And people are starting to buy this scam. Only Strong Hands are able not to believe in quick profits and keep bitcoin on the wallet. I will also note that the same is true with ether. At one time, I spent a lot on shitcoins.

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sunsilk
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March 06, 2023, 07:06:53 PM
 #25

When you think of cryptocurrency, the first thing that comes to your mind is bitcoin, you know why? Because it's the most reliable digital asset.
  The crypto space might be bearish right now, but bitcoin always have his way of bouncing back.
 Last year December when bitcoin was reduced to a new low due to ftx bankruptcy, most people think bitcoin is dead
Those people that have thought bitcoin was dead were the ones that don't really own bitcoin. They are the people that wishes unfortune for those that's part of the market because they know that something bad is going on.

I told most of my friends to buy it as at them, they all refuse, but look at it today, it always stands tall because it is the future of finance.
We've been telling this to a lot but they were just ignoring all of those tips that we're telling them to buy bitcoin. Those dramas and issues are temporary as bitcoin no matter what happens, it's certain to recover.

And we can't force them to buy even if we badly want them to go early before the next bull run cycle.

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March 06, 2023, 08:06:48 PM
 #26

Thats the thing, education is key. A lot people are attracted to Bitcoin by its market value.
Each person has unique reason to be interested in Bitcoin and to join this market. Nothing is wrong, bad or good by their first reason to join here.

Quote
They dont realise everything Bitcoin can offer besides being solely an investment.

And on investing for the future, its not just for weeks, months or even a year, its long term.
However, sometimes they don't mind what is Bitcoin all about. They simply feel convinced that Bitcoin is a tool to make them richer, and get richer quickly then they join. I used to feel very weird to know some people who buy, sell Bitcoin for about 2 years but did not know what is Bitcoin block explorer and don't know what is transaction hash (txid). They think after they make a transaction or withdraw their bitcoin from an exchange, it will be move quickly to a receiver. They have no knowledge about confirmation.

It means they must be educated more from very basics and they must be less lazy.

I would actually say that the opposite to this saying is true in the case of Bitcoin....

"A little knowledge is a dangerous thing"

With a little knowledge maybe the OP's friend would have bought at an opportune time
and instead lacking the knowledge will probably buy at Bitcoins ATH.

Nothing wrong with getting into Bitcoin to ride the market waves but you will almost
always fail in your goal without knowledge.

R


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March 06, 2023, 09:28:01 PM
 #27

Those who think Bitcoin will die are just beginners who just understand about bitcoin. We here, who have been involved with bitcoin for a long time, think that FTX events are normal events and even in the past there have been events that were even worse. It's just a cycle, just a correction to reach another high. Those who rejected bitcoin and didn't buy bitcoin when the price crashed on the news of the FTX bankruptcy, they regretted it, because at that time Bitcoin touched $15k and today Bitcoin is still holding above $22k. Those who bought that time already had a definite advantage.
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March 07, 2023, 02:03:05 PM
 #28

No matter how bad the news is, bitcoin will not disappear because of it. I think bitcoin will continue to reign supreme among all other coins and hold the attention of major market capitalists.
Although I think many people will stick with bitcoin, even if some centralized exchanges fail and some DeFi is equally unlucky, obviously it doesn't affect bitcoin as a whole in the sense that bitcoin will recover, there may have been a FUD attack that occurred in the past that caused a dip because naturally, many people panicked over the situation. However, I think many people will stick with bitcoin.
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March 07, 2023, 02:14:13 PM
 #29

~
I mean bearish or not, it is Bitcoin in the end. Unlike those shitcoins that would just die out immediately overnight or just does not survive a bearish market due to plenty of dumps, I always believed in Bitcoin. Regardless of the price, I don't care if Bitcoin even went below 10k. When I say I am hodling, I am hodling.

Bitcoin also has been rising from the dead over and over again if you had read the Bitcoin Obituaries. I believe it is more than half a thousand already.
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March 07, 2023, 02:25:31 PM
 #30

When you think of cryptocurrency, the first thing that comes to your mind is bitcoin, you know why? Because it's the most reliable digital asset.
  The crypto space might be bearish right now, but bitcoin always have his way of bouncing back.
 Last year December when bitcoin was reduced to a new low due to ftx bankruptcy, most people think bitcoin is dead,  I told most of my friends to buy it as at them, they all refuse, but look at it today, it always stands tall because it is the future of finance.
I believe that anyone who believes that Bitcoin will someday perish is undoubtedly ignorant of the cryptocurrency, as anyone who is aware of it will never believe that it is perishing as a result of its declining market value as your friend. Actually, a lot of those who constantly stress that Bitcoin will perish are groups of individuals who are ignorant of other cryptocurrencies and Bitcoin, so they are judging Bitcoin based on the demise of some other project. I don't understand why someone's mind would not be adamantly attracted to Bitcoin if they can learn a lot about the bitcoin blockchain ,and believe that bear market occurs and also know their is time for bull run.

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March 07, 2023, 10:57:09 PM
 #31

When you think of cryptocurrency, the first thing that comes to your mind is bitcoin, you know why? Because it's the most reliable digital asset.
  The crypto space might be bearish right now, but bitcoin always have his way of bouncing back.
 Last year December when bitcoin was reduced to a new low due to ftx bankruptcy, most people think bitcoin is dead,  I told most of my friends to buy it as at them, they all refuse, but look at it today, it always stands tall because it is the future of finance.
To think of cryptocurrencies, one must think of Bitcoin. Because the position of this cryptocurrency is based on Bitcoin. No matter what we all think we know bitcoin is one of the most popular and least risky currency to invest. And yes Bitcoin was at a very low level with the FTX bankruptcy but people thought that Bitcoin might go down and eventually be destroyed. But no, Bitcoin has gone through a tough time but has risen to the top again. Expect Bitcoin to make an all-time high in 2024.
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March 07, 2023, 11:18:39 PM
 #32

When you think of cryptocurrency, the first thing that comes to your mind is bitcoin, you know why? Because it's the most reliable digital asset.
  The crypto space might be bearish right now, but bitcoin always have his way of bouncing back.
 Last year December when bitcoin was reduced to a new low due to ftx bankruptcy, most people think bitcoin is dead,  I told most of my friends to buy it as at them, they all refuse, but look at it today, it always stands tall because it is the future of finance.
It's not as a result of the only reliable one, at least it's been known as the father of other cryptocurrency, other coins is sub in Bitcoin and it's very obvious that the market of Bitcoin affects other coins, if Bitcoin is experiencing bearish market it will be very difficult before you any coin that is having green colors in the market, so therefore i come in conclusion that Bitcoin influence the market of other coins.

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March 08, 2023, 02:23:01 PM
 #33

When you think of cryptocurrency, the first thing that comes to your mind is bitcoin, you know why? Because it's the most reliable digital asset.
  The crypto space might be bearish right now, but bitcoin always have his way of bouncing back.
 Last year December when bitcoin was reduced to a new low due to ftx bankruptcy, most people think bitcoin is dead,  I told most of my friends to buy it as at them, they all refuse, but look at it today, it always stands tall because it is the future of finance.
To think of cryptocurrencies, one must think of Bitcoin. Because the position of this cryptocurrency is based on Bitcoin. No matter what we all think we know bitcoin is one of the most popular and least risky currency to invest. And yes Bitcoin was at a very low level with the FTX bankruptcy but people thought that Bitcoin might go down and eventually be destroyed. But no, Bitcoin has gone through a tough time but has risen to the top again. Expect Bitcoin to make an all-time high in 2024.

For me bitcoin is the king of all cryptocurrencies and this coin is the safest coin to invest with. because we all know that there are a lot of coins put there but too risky to invest because the price are too low. While in bitcoin even if the price is volatile but for sure it will make us happy in the long run if we invest bitcoin. Bitcoin is for long term investment that can provide us a good profit.  And also we all know that Bitcoin will not gonna die

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Adams0001
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March 08, 2023, 04:43:54 PM
 #34

I like Bitcoin because it has the highest value of any crypto currency, which is why people are interested in trading it. Despite the fact that its initial values were too low, Bitcoin has grown to an incredible height today. 1 BTC costs thousands of dollars.

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