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Author Topic: It's Bitcoin trust worthy  (Read 484 times)
Bushdark
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June 22, 2023, 08:48:24 PM
 #21

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.

Bitcoin is the number one cryptocurrency project in the market with an anonymous developer called Satoshi Nakamoto many years ago.
You will need to know some certain things about Bitcoin before you decide to invest in it so that you will not be taken off guard. It is important you read what Bitcoin is and how volatile it could be if you hold it.

The mistakes many newbie investors make about Bitcoin is thinking that it can give them fast money if they invested in it. It is not a ponzi scheme so you don't expect to get rich over night by being an investor. You can read somethings about the market cap and exchanges you can buy Bitcoin on Coinmarketcap so you will know and understand where you are putting your fund when you finally invest in Bitcoin.









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June 22, 2023, 09:27:13 PM
 #22

Be warned Bitcoin is not a platform, I believe you have been investing in Ponzi schemes that all claims to be Crypto-currency based but the truth is that they Are Not. And you are still referring to Crypto-currency as a platform, you would continue to loses money if you don't spend time to actually learn.

Investing in Bitcoin is great but also pay attention to how to Buy Bitcoin securely and also how to save Bitcoin in your personal wallet.
https://bitcointalk.org/index.php?topic=1631151.0

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Ndabagi01
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June 22, 2023, 09:40:45 PM
 #23

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.

What do you mean by you’ve tried different platforms and didn’t work for you and this is your last hope? Did you try investing in other alternate coins and failed in the investment or you invested bitcoin through the means of another platform and you were scammed or lost some part of your bitcoin to the volatile nature of the market.

Bitcoin is good for investment and very trustworthy too. You don’t need to panic about your investment in bitcoin if you really understand the whole concept about what bitcoin investment is. If you’re looking for a crypto currency to invest in and earn maximum profit, investment in bitcoin is the best as it has the ability to definitely appreciate back despite any downtrend it must as faced in the market.

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June 22, 2023, 09:47:59 PM
 #24

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.
When you were introduced to it, did you go out and did your research? And I hope whoever introduced it to you, he/she may have given every information about it. Because it's you, and you have to be the one to make that decision. All we can do here is to give you information about Bitcoin. Its advantages and disadvantages, risk, profits, how to keep it secure and how to risk management, all that stuff. We can not say if it's trustworthy or not. To me, I trust it, but after you know all of it, you may trust it, or you may do the opposite. So again, it's totally up to you.
Go do your research first and decide what you want to do. After that, if there's anything you are unable to understand, we are here to guide you through that. History speaks for itself. So if you really want to know about it, dig the history and learn from that. It's the best teacher.
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June 22, 2023, 09:48:18 PM
 #25

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.

I swear Bitcoin can be trusted more than the bank you keep your money in. More than any currency of any country in the world. You are very lucky you were introduced to Bitcoin now, you are still early. Btw, what were your previous unfortunate investments?
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June 22, 2023, 09:48:34 PM
 #26

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.

Please don't come with all your hopes to bitcoin  with small capital and if your hopes can worth upt $30k dollars now then I don't think therebis any need to give up hope as there is more than enough hopes for you but coming to bitcoin  with all your hopes and a capital of $100 dollars and expecting to buy a house and a car and also travel out dream destinations is insane and I'm so sorry  I had to come out this plain  to you but I also want you to accept life's challenges and move on.
You're welcome to the forum but I want  to advice that you spend more time now reading  and studying about the asset(bitcoin) you want to get involved with and to make things easier for you.
 I will suggest that you pick just one specialty in the field  and focus on it now , as there so many opportunities in cryptocurrency  and you should  try not to let them distract you.
Abori is very correct, because the amount of capital you hold as an asset in bitcoin determine how much you make when the price increase and how much percentage your profits will be in total and having a dream with bitcoin is a risk in itself but also investing a small amount hopping for a miracle could also lead to frustration on the long run and so at that, you need to be abke to hold a tangible amount i bitcoin that can guarantee a good portion when the price increases rapidly.


Ops shouldn't ever trust third-party because that is what Bitcoin has struggled to abolish for a while now and those that practice the method of avoiding third-party involvement are the ones that escape scammers.

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June 22, 2023, 10:00:00 PM
 #27

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.
What do you mean by trustworthy? Bitcoin has been around for more than a decade so why would you still think it's a scam? I'm confused. I believe you should learn more about bitcoin before starting a topic like this. It's important to have a basic understanding and then you can ask more informed questions if needed.

If someone introduced you to bitcoin as you said, you could ask them about how it works and learn the basics. In other ways, you can just read online as there are plenty of sources available. Bitcoin is truly interesting and can be very useful if you know exactly what you're doing.
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June 22, 2023, 10:08:51 PM
 #28

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.
Please be advised that Bitcoin is highly volatile, if you are investing for a short term, Bitcoin is not for you.  Bitcoin investment is proven to be profitable if the investor intended to invest in Bitcoin for a longer time like investing in bear market, (the Bitcoin price crashed after the recording of ATH) and cashing out on its peak during a bull market (happens inside the 4-year cycle).

It is also a good thing for you to learn the Bitcoin price pattern.  It will enable you to avoid unnecessary worries during your Bitcoin investment venture.

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June 22, 2023, 10:22:47 PM
 #29

The fact that you called Bitcoin a platform, tells me that maybe you aren't actually talking about the Bitcoin technology, but a platform claiming to be it/something legitimate on the back of Bitcoin. Be careful.

If you are talking about the Bitcoin technology, then there is actually nothing to trust. The ledger is kept by its users (nodes) around the globe and validated by miners. There are so many people connected to the network, that trust is barely a factor in its usage (as intended by satoshi).

The thing you need to worry about when using Bitcoin is your diligence, and cybersecurity. If you aren't diligent or you don't protect your coins via good cybersecurity practice, you'll likely be parted with your coins at some point.
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June 22, 2023, 11:02:52 PM
 #30

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.

Op I can see that this is your second post in the forum, and I may say from your write-up that you are a complete newbie who doesn't have any knowledge about Bitcoin or cryptocurrency in general. Now I will advise you to calm down and learn first before you start following people's advice without doing your own research. These types of questions do not really need to be asked, let your knowledge convince you and earn your trust about Bitcoin.
 
I don't really know how many platforms you have tried and failed on, and honestly, I don't want to know because I believe that you are trying to talk about ponzi schemes. But let me clear your thoughts with this: bitcoin is a digital currency, not a scam,but you can easily be scammed if you don't have proper knowledge about it before you investing.

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June 22, 2023, 11:13:01 PM
 #31

The fact that you called Bitcoin a platform, tells me that maybe you aren't actually talking about the Bitcoin technology, but a platform claiming to be it/something legitimate on the back of Bitcoin. Be careful.

I can't find where @OP called Bitcoin as a platform though he admitted that he invested on different platform but failed, I think, it does not mean he is saying Bitcoin is a platform.

Quote
If you are talking about the Bitcoin technology, then there is actually nothing to trust. The ledger is kept by its users (nodes) around the globe and validated by miners. There are so many people connected to the network, that trust is barely a factor in its usage (as intended by satoshi).

I think @OP will be investing on bitcoin (the currency) and he will hodl it and sell when it hits his target price.

The thing you need to worry about when using Bitcoin is your diligence, and cybersecurity. If you aren't diligent or you don't protect your coins via good cybersecurity practice, you'll likely be parted with your coins at some point.

I agree he should also learn the proper safekeeping of his bitcoins since it will need a long time profit, he must make sure that his bitcoins are properly kept.
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June 22, 2023, 11:44:11 PM
 #32

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.
If you are referring on investments — in long term investment, yes. But if not, it's too risky, and should trade with caution, knowledge, skill and experience is the key.
There are many how to articles and videos out there.

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June 23, 2023, 12:28:54 AM
Merited by fillippone (1)
 #33

everyone always has a different opinion on this, that is, there are people who believe that investing in bitcoin will provide many benefits and there are those who think that investing in btc will only make lose, so basically there are always pros and cons.

I think you should do your own research and learn what btc is, what are its uses and what are the advantages of investing in btc and what are the risks of investing in btc.

and you enter the right forum, of course you will gain insight here as long as you continue to read, ask questions and study here.

and you can also look for it on the internet like on google and so on.
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June 23, 2023, 03:29:48 PM
 #34

As we know Bitcoin is a decentralized digital currency that works through block chain technology. This technology works in a way that confirm transparency, security and immutability of any transaction. Bitcoin has gained tremendous popularity and acceptance in the present time. Yet the trustworthiness of Bitcoin remains a matter of debate and individual interpretation. Bitcoin's trustworthiness from fundamental design principles and underlying blockchain technology provide a much higher level of security. However, Bitcoin's value can be volatile due to market fluctuations and can be subject to speculative behavior that makes its reliability highly confusing to users.

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June 23, 2023, 07:50:52 PM
 #35

The answer to your question is yes, because Bitcoin as a digital commodiy is decentralized, that's to say one person does not decide what happens here, with the help of blockchain technology, regulations and rules are been decided by the community members as I call them or network members, And you should also know that Bitcoin transactions are irreversible, that's why you should exchange with trusted people or institution so that you funds will be safe, this digital currency has come to stay, this makes it indistructive. Bitcoin Transactions are trustworthy but trade with established registered vendors/ known individual as I said earlier, to avoid regret. People has started facing reality by accepting Bitcoin because they now see it as a reliable means of payment. In conclusion, The trust worthiness of Bitcoin will be dependent on individual and his or her detailed research about this commodity and it's technology.

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June 24, 2023, 05:43:04 AM
 #36

Sure, old failures may sting, mate. But don't ditch Bitcoin or any cryptocurrency. Bitcoin's appeal lies in its decentralization - no central honcho dipping fingers in the pie. It's algorithms and mathematics, exceeding human trustworthiness, if you see what I mean. Yes, it's unstable, but with instability comes potential for colossal gains. This isn't a quick wealth recipe; patience and diversification are the spices.

Always do your homework with any investment. Grasp how Bitcoin functions, its past, and its technology to gauge its potential. Remember, "Knowledge is Power." Bitcoin could be your pot of gold.

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June 24, 2023, 04:18:13 PM
 #37

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.
If you have been introduced here, the best way is to learn everything by yourself instead of listening to someone and then making unnecessary losses and mistakes. Any investment will be profitable and risky, nothing is 100% safe only profit without risk. Can you tell us where you lost your investment? Because if you have invested in stock, forex, and lost, then chances are it's your fault, not theirs.

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June 24, 2023, 04:26:39 PM
 #38

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.
If you have been introduced here, the best way is to learn everything by yourself instead of listening to someone and then making unnecessary losses and mistakes. Any investment will be profitable and risky, nothing is 100% safe only profit without risk. Can you tell us where you lost your investment? Because if you have invested in stock, forex, and lost, then chances are it's your fault, not theirs.

Doing Your Own Research is really the best way to learn Bitcoin at most but listening to other user most notably fro mreputable users is not a bad idea too. They don’t give financial advice but rather just a ways to protect investment and at the same time have the a profit on a safe way which is in the form of buying and holding Bitcoin alone.

The very basic strategy on Bitcoin is just holding which many users failed to do since they are aiming for more profit by venturing out on altcoin which is the dumb ways to do when you are just starting.

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June 24, 2023, 04:42:50 PM
 #39

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.
First of all you needed to have basic idea about Bitcoin. Many curious people express their interest to know about this especially when they first know about Bitcoin. The reason is expressing these words is that you are completely new. There are many reasons why Bitcoin is called the king of all crypto coins. The first digital currency considered as Bitcoin. It is completely decentralized which makes it different from all other currencies. To believe in something, one must have a good idea about it. And to get an idea about Bitcoin, you must spend time here to know the various aspects of Bitcoin. Otherwise you will fail to believe in Bitcoin.

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June 24, 2023, 07:07:18 PM
Last edit: June 24, 2023, 07:27:10 PM by Salahmu
Merited by CryptopreneurBrainboss (1)
 #40

It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.

OP are you having a doubt on Bitcoin based on the scam platform you have been introduced to? There are many scam platforms that offers Bitcoin payments after performing some certain task or investment, maybe you were introduced to one of the platform that makes you feel Bitcoin is not trust worthy, one of the functions of google is to research, investigate and get information about a particular system or platform to know if actually is real or not before you could venture into instead of coming here to make this kind of Statment which you were suppose to researched on before joining, to me this question is an irrelevant one, if I may ask, do you think anyone will be here if bitcoin was not real? As the matter of fact Bitcoin has been on existence for years and has empowered many, all thanks to the founder.

So among all the coins to invest Bitcoin is the best but it all depends on your money and how you intend to invest it, one thing you most know is that sometimes market could be volatile as such going against your trade. A friend ones told me that in times of investment you should invest what you know will not affect you mentally if it doesn't work the way you expected.


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