It's Bitcoin trust worthy

[kryptqnick]

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.

Last hope sounds like the wrong vibe. If you're losing money, trying to invest and hope that this will get your money back is IMO a bad idea because one should only invest what one can afford to lose. Bitcoin itself is a top cryptocurrency, occasionally the highest performing asset, and overall it seems to have a long-term upward trend, recovering from bear markets. I can see that by simply looking at the price chart. But is there a guarantee that Bitcoin will recover and will grow? No, of course there isn't. Also, with Bitcoin it's very important to ensure that you're buying what you think you're buying (as there are other altcoins that claim to be Bitcoin, like Bitcoin cash or Bitcoin SV), to buy it at a highly reputable exchange, and to safely store it in a non-custodial wallet (the one to which only you have access, like Electrum).

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[Blitzboy]

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.

Intriguing argument, but isnt your statement somewhat one-sided? Yes, scams are prevalent, but is every skeptic a victim of a scam? Might it not be the case that their concerns stem from the erratic trends and the decentralized, unregulated nature of Bitcoin? Surely, we all agree Google is a handy tool. However, can all the complexities and nuances of a subject like Bitcoin be unraveled by a simple Google search? Is it not our duty as a community to help one another navigate these complex terrains?

Indeed, Bitcoin has empowered many, but hasn't it also left many in ruins? Is it not crucial to acknowledge that while Bitcoin may be a profitable investment, it also comes with significant risks?

[worle1bm]

How come your last experience was bad which makes you come up with this stuff to believe whether it's trustworthy or not? I believe you have used some exchange or centralised platform which have put restrictions or gone bankrupt.But if you have understood about why you should invest in it you won't have this question but you would have already be aware about it so first of all have your research rather then asking to others.

[Crypt0Gore]

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.

You tried many platforms like? Bitcoin is not a platform, it's a digital currency/asset that has few advantages and it's more like the peoples money because it depends on it's decentralized capability, if you are talking about High Yield Investment Plans or MMM Ponzi schemes well Bitcoin is not like them.

And do not expect a big income or gains like HYIP from Bitcoin, you need money to invest buy dollar cost average weekly or monthly or when you can afford it and you also need a lot of patience, I will advise you do some research first on Bitcoin, even if you buy how are you going to keep your Bitcoin safe? Learn about Bitcoin wallet and keeping recovery phrases safe first.

Create time for yourself and do a lot of digging on Bitcoin before you start buying, find and know the best wallet to store your Bitcoin and also know that Bitcoin investment takes time to yield, this is not something you can make a lot of money from in weeks or few months, so invest what you can afford to lose as it's still a risky bet.

[Z390]

Trustworthy for investment in what manner? because the question sounds as if you are expecting bitcoin Investments to be risk-free which is not, trust me, there are many risks involved someone investing in Bitcoin that he must not overlook for example, I can only tell you that you can make a lot of money investing in Bitcoin but I cannot guaranteed that your bitcoin will be safe till the right time to sell your bitcoin for example, you can start using a bitcoin wallet and you mistakenly leak your private key yourself and doing so your bitcoin get stolen, that's on you not me.

Secondly you can proceed with the amount that you're not ready to lose and when it's the right time that you need the money, Bitcoin might have dumped massively and you won't be able to control yourself and you will end up selling your Bitcoin for a lesser price which means you are at loss.

Bitcoin is not a risky free investment.

[Alisha-k]

Coming up with a topic which is your first on a forum dedicated to Bitcoin. Then asking a question about trust worthiness of Bitcoin, is stupidity. Bitcoin has been in existence for more than a decade. Try some Google search about it and you will find a lot of answers. Considering the amount of spam on this board. I think you just slided away from getting banned on this forum in a illiterate  manner as you could have got your answer by simply.doing a Google search.

this is rather too mean than necessary, isn't it best you had passed than give this as a response.

It's OP money, and there's no crime is trying to figure out how genuine what he intends going into is.

[passwordnow]

OP, when you invest in Bitcoin, you don't invest on any platform but instead, you just use these exchanges to buy Bitcoin and then later on you'll be the one to hold it.
Investing in platforms doesn't sound good if you're into Bitcoin because it's likely that you're depositing it on these Ponzi schemes and you're not safe with those.
They'll promise you to earn hourly or daily and then will show you percentages of returns but all of those are just projections and fooling you until they're going to go away with your deposited Bitcoin.

[felicity06]

Whether Bitcoin is worth investing in depends on various factors, including an individual's risk tolerance, financial goals, and understanding of the cryptocurrency market. Bitcoin's potential for growth, increasing acceptance, and diversification benefits make it an attractive investment option for some. However, it is vital to acknowledge the risks associated with its volatility and regulatory uncertainties. Investors considering Bitcoin should conduct thorough research, seek professional advice, and approach the investment with caution.

[Minhxx]

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, the reputation of bitcoin or some other coin, bitcoin has been around for a long time as well as this forum. You should choose reputable bitcoin trading places, big CEX exchanges

[goldkingcoiner]

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 does not need trust. Its open source and so is the blockchain. You can verify everything for yourself, if you can understand it. If you cannot understand it then it might seem like an issue of trust to you.

As far as how secure Bitcoin is: Bitcoin is only as secure as the person holding the wallet. If you lose the key to your wallet or it gets somehow stolen or scammed from you, then that is 100% on you and chances are, you might not catch the criminal who did it. Although you might get your money back if centralized, non-self-custodial crypto exchanges catch him and freeze his stolen funds, because of your tip-off. But thats hoping for a dumb criminal, if you ask me.

Every investment has a scary first step but once you have made it, you need to hold on to your coin. Because the price fluctuations can scare you into selling for a loss. I do not recommend watching the price everyday.

[Agbe]

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 don't believe in Bitcoin then don't invest in it. Because you might not like the outcome at the time you want to take your fund back in the investment. Bitcoin price is not stable so you don't have to invest without understanding the concept of Bitcoin. You have to study the movement for some times before starting the investment. Those who invest in Bitcoin, invest in a long term and also have the faith for both the short term and long term.

[BVeyron]

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.

Nowadays there are no trustworthy assets to invest into, since even fiats are at a high risk of inflation.  As for trustworthiness of cryptocurrencies in comparison with the other assets... I suppose it's quite suitable for long-term hodling, and, in case of fiats inflation there is a chance to save money via crypto. However, there is just a chance, not guarantee, since in case of fiats inflation, cryptocurrencies can become cheap too.

[Framelover]

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.

You’re welcome OP. I’ll start by saying that no one is an island and we’re all here to learn and relearn which requires us to also make mistakes. ”Is Bitcoin trustworthy?” should be your topic. Also, this is a vast community/forum which most most basic questions have been answered. I’ll suggest you start by going over the forum and I bet you’ll find the basics of what you’re looking for and will reduce your worries.
Nevertheless, Bitcoin can be viewed as trustworthy due to its decentralized nature. What does this mean? It means that bitcoin is not operational or controlled by any government, bank or organization. But this doesn’t change the fact that it is risky cuz just like any other financial market bitcoin is also volatile, which means it price can fluctuates. It is also important to note that there have been instances of fraud, hacking, and scams in the Bitcoin and cryptocurrency space at large, this is why one need to have an in-depth knowledge about bitcoin and cryptocurrency to be able to securely invest and trade the space without any fears.


I urge you to make use of the "Beginners and Help" forum to further enhance your understanding on Bitcoin.
https://bitcointalk.org/index.php?topic=1631151.0


Once again, welcome.

[Benpluto]

If you don't believe Bitcoin don't invest in it. Because you might not like the out at the time you want to take your fund back. Bitcoin price is not stable so you don't have to invest without understanding the concept of Bitcoin investment. You have to study the movement for some times before starting the investment. Those who invest in Bitcoin, invest in a long term and also have the faith for both the short term and long term investors.

I'm curious to know more concerning the market, the fundamentals and technicalanalysis of bitcoin, we ought to know the basic requirements of the market. Bitcoin is a prominent project in the space and if one doesn't know how the market operates, he or she should keep a long distance. Losses are real and I bet a newbie won't be able to withstand these losses when they comes. The market is all about taking risks and absorbing and controlling our emotions when the losses comes. 

[mendace]

I'm curious to know more concerning the market, the fundamentals and technicalanalysis of bitcoin, we ought to know the basic requirements of the market. Bitcoin is a prominent project in the space and if one doesn't know how the market operates, he or she should keep a long distance. Losses are real and I bet a newbie won't be able to withstand these losses when they comes. The market is all about taking risks and absorbing and controlling our emotions when the losses comes. 

Keeping control of emotions is a crucial aspect when investing in the Bitcoin market.  Losses are part of the investment and can be emotionally difficult to handle.  Having a risk management strategy and a rational mindset can help you avoid impulsive decisions based on emotions.

[SeriouslyGiveaway]

It's Bitcoin trust worthy for investment?

The bullish case for Bitcoin

If miners consider Bitcoin is worthy to invest their capital for ASICs, mining farm infrastructures, maintenance, power bills and more costs, you can follow them.

Bitcoin was mined its Genesis block in 2009 and after 14 years, do you think it is worthy to invest in? It was tested in 14 years and did not die.

Cus have tried many platform but all failed and this my last hope... I was introduced into it.

Bitcointalk is not a Ponzi platform, not a trading platform. I am very surprised to know who introduced you to this forum and told you that you can get rich by joining this forum.

Welcome to bitcointalk.org, the Bitcoin Forum! You can access this welcome message from the "help" link in the top menu bar at any time.

As a member of the forum, you are surrounded by legends; phenomenal successes and catastrophic failures. The forum was created by Satoshi Nakamoto and saw the first exchange, the first altcoin, and the first ICO, but also catastrophic software flaws, massive thefts, and incredible scams. You too have an opportunity to become part of the forum's history: whether and in what way you do so is up to you.

Good first lessons for newbies.
Satoshi's lesson
Welcome message

[irhact]

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 has been around for 13years and no individual has accused it of scamming them. Bitcoin isn't like those platforms you're referring to that promise a specific return weekly or monthly. Bitcoin is an asset that appreciate in value and you have control of your coins if you hold bitcoin in your personal wallets and not on exchange or other centralized wallets that doesn't let you have full control of your private key.

Bitcoin is very trustworthy and has been adoption by a country as their currency and also other big brands has accepted receiving payment in Bitcoin for their service or product that they're selling. Bitcoin been around for more than a decade should answer your question about trustworthy.

[kro55]

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 has been around for 13years and no individual has accused it of scamming them. Bitcoin isn't like those platforms you're referring to that promise a specific return weekly or monthly. Bitcoin is an asset that appreciate in value and you have control of your coins if you hold bitcoin in your personal wallets and not on exchange or other centralized wallets that doesn't let you have full control of your private key.

Bitcoin is very trustworthy and has been adoption by a country as their currency and also other big brands has accepted receiving payment in Bitcoin for their service or product that they're selling. Bitcoin been around for more than a decade should answer your question about trustworthy.

Bitcoin is very reliable to invest in, but the return will depend on each person. Bitcoin is just a highly volatile asset, and we use that to our advantage. Profit will completely depend on each person's investment strategy and mindset, not just buying bitcoin and thinking it is always profitable without losing. All forms of investment can be profitable or risky, and bitcoin is no exception. Investing in bitcoin will not be able to guarantee anything, everything will depend on the wisdom of each investor.

[BenCodie]

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.

You might be right - I read that he has tried many platforms and he's worried bitcoin is the same (putting Bitcoin in the same category, so I interpreted that he's calling bitcoin a platform)

If he means he's invested on "platforms", whether that be with Bitcoin or something else, then there's a big part of the problem. @OP 95℅+ of the time if you ever visit a " platform" and investment is required, it's likely a scam. Find a legitimate exchange, buy btc, put it in your wallet, hodl.

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.

In that case, that's fine. I'm not interpreting that at all from his post though.

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.

Right. Without doing so, might as well burn some hundred dollar bills. Same ultimate result.

[Bitcoin_people]

Bitcoin is a virtual asset in which people are able to change their lives by investing. With Bitcoin you don't have to think about any alternative but there is no doubt that you can be successful by investing in Bitcoin. If you invest in Bitcoin when the Bitcoin market rebounds then there is definitely hope for future gains. However, if the price of Bitcoin increases, then investing carries the risk of loss. And the Bitcoin market doesn't always stay in the same position, its volatility changes over time. If you suffer losses investing from any platform, it is your fault. Because you must consider the Bitcoin market and its volatility before investing.