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Question: Which of these Categories of Bitcoiners are Most Bullish?  (Voting closed: June 29, 2023, 01:21:47 PM)
Bitcoin miners - 1 (12.5%)
Bitcoin Core developers - 0 (0%)
Bitcoin institutions(like Microstrategy) - 3 (37.5%)
Bitcoin Noobs - 4 (50%)
Total Voters: 8

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Author Topic: [Poll] Which of these Categories of Bitcoiners are Most Bullish?  (Read 225 times)
Alphakilo (OP)
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June 27, 2023, 01:21:47 PM
 #1

I want to believe that everyone on this forum lover bitcoin and that they reason they got into cryptocurrency is because of bitcoin. I have categorized bitcoin people into Bitcoin miners, Bitcoin Core developers, Bitcoin institutions(like Microstrategy), Bitcoin Noobs. I know there are many more but pardon me that is the best that comes to mind. Of these categories which do you think are do you think are the most bullish.

My personal opinion are miners. Because as a miner, you are constantly mining Bitcoin from the network in exchange for electricity and you constantly have to be mining Bitcoin otherwise you have to shut down your operation and when your operation consumes as much energy, well then you have to mine a lot of Bitcoin.

I know you may disagree but like I said it is my personal opinion and I would like to know yours?

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June 27, 2023, 01:27:46 PM
 #2

I want to believe that everyone on this forum lover bitcoin and that they reason they got into cryptocurrency is because of bitcoin.
Not everyone. There are bitcoin maximalists and altcoin maximalists. There are Bitcoin haters like Faketoshis, Roger Ver, ...

Quote
I have categorized bitcoin people into Bitcoin miners, Bitcoin Core developers, Bitcoin institutions(like Microstrategy), Bitcoin Noobs.
Even they are doing things related to Bitcoin from mining, coding, investing, learning, you will always see weak hands and disbelieved people. They can have belief in Bitcoin but not all people keep their thinking the same year to year. Especially in bear markets, when lot of things happen and mostly negative, some people will give up and switch to do other things.

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I know there are many more but pardon me that is the best that comes to mind. Of these categories which do you think are do you think are the most bullish.
Miners are people who have to invest capital and you can consider them as most bullish because they take risk that they will have to mine for a while till a break-even time that is not a short waiting time. But there will be miners who give up, capitulate in bear market. Same with Bitcoin investors, coders and noobs.

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June 27, 2023, 01:30:54 PM
 #3

It’s a question with no definitive answer. There are miners who are only doing this as a business, institutions only buying Bitcoin for short term profit, devs maybe doing this just for the sake of their job (there were rumors before that Coinbase will hire Bitcoin devs but idk if they ever did), etc.

On the other hand, the opposite of all the above exists too. After all, it’s all about who believes Bitcoin can succeed.

For the sake of this thread though, I’d say generally it’s the miners and devs being most bullish, followed by institutions and finally the noobs. Noobs deserve last place because they’re only bullish when Bitcoin’s bullish.
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June 27, 2023, 01:35:28 PM
 #4

For the sake of this thread though, I’d say generally it’s the miners and devs being most bullish, followed by institutions and finally the noobs. Noobs deserve last place because they’re only bullish when Bitcoin’s bullish.
Noobs join the market when the market is very bullish and they are attracted to join with dream of getting rich quickly.

They don't have anything regardless of greediness so they will change to be bearish, very bearish and will be shaken out from the market when it turns to be bearish or just with corrections. Noobs need times to get familiar with this market, understand more about Bitcoin, its network operation and digest FUDs without considerable fearful feelings. Many noobs will fail to mature in this market but we will always have new noobs with each Bitcoin bull run.

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June 27, 2023, 01:42:21 PM
 #5

My personal opinion are miners. Because as a miner, you are constantly mining Bitcoin

If you're to consider the list you gave, you will discover that bitcoin miners has the most demanding aspect of them all as it both requires the mining technical skills, requirements for setting up a bitcoin mining rig and also the difficulty into solving a complex mathematical equations to be the one to appear first to finish this minig task to be rewarded with bitcoin, so bitcoin miners are the most demanding of them all and the sole basic background that creates an avenue for us all to have bitcoin to trade, hodl and invest, miners also have their little way of facing a serious challenge under regulations except for those that have learnt to remain independent of the government approved energy source.

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June 27, 2023, 02:02:35 PM
 #6

A Bitcoin institution appears to possess the skills to effectively navigate a bullish market, capitalizing on buying opportunities during price dips and selling at favorable peaks. They do not rely on lobbying efforts, investments in mining equipment or electricity, or seek patronage from others. Instead, their approach revolves around promoting the concept of purchasing Bitcoin while keeping their selling activities undisclosed.

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June 27, 2023, 02:57:49 PM
 #7

I want to believe that everyone on this forum lover bitcoin and that they reason they got into cryptocurrency is because of bitcoin.
Not all, because some people are into cryptocurrency but do not have Bitcoin in their wallets because they are here to make quick money, and they think Altcoins will give them the money on time.

Quote
My personal opinion are miners. Because as a miner, you are constantly mining Bitcoin from the network in exchange for electricity and you constantly have to be mining Bitcoin otherwise you have to shut down your operation and when your operation consumes as much energy, well then you have to mine a lot of Bitcoin.
I also wondered how miners would survive this extended bear market because the payouts they were receiving were not more than they were before to the bear market. As a result of the cost of their upkeep and expenditures to keep them mining, I believe miners are the most bullish in this position.

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June 27, 2023, 06:14:24 PM
 #8

Anyone will have an answer base on what they think and feel about which is more bullish. But this is a topic that really has nothing to do with someone's holding or belief in the market. Miners will always be there because it is profitable, the bitcoin core devs of course are also bullish too and want to see bitcoin to succeed more. Whilst for the noobs, count me in there as it could be someone who's just in the market and buys bitcoin and holds it for the long term. As for these institutions, they're known that they're here to make money and that's why no matter what the market situation is, they'll find ways to capitalize the situation and make money from it. You see what they're doing right now, they're all hungry to take advantage of the situation and no one wants to get left behind.



 

 

 

 

 

 


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June 27, 2023, 06:49:30 PM
 #9

I'd say the noobs everytime, generally with wild expectation of another 100% increase in Bitcoin's price within a few years. I don't really see the miners or developers being that bullish, as either way they are generating income from Bitcoin's existence, so generally speaking speculating on the price isn't necessary, even if remains profitable. As for the institutions, sure they can be bullish to some degree or another, but generally it's about wealth preservation as opposed to wealth accumulation, so they allocate their % or two into Bitcoin in order to maintain the wealth they have already accumulated.

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June 27, 2023, 07:58:44 PM
 #10

Out of the 4 categories that you listed, it's easily the Bitcoin noobs.

The developers don't care that much about the price, they are focused on making Bitcoin better because it's their passion. The miners and institutions are first of all focused on profits. They don't need Bitcoin to go up and up to profit, they just need it to not crash too hard. As long as the price is not too low, they will be collecting fees and making profit.

So, only noobs here are the most interested in Bitcoin going up, because that's their whole strategy - getting rich quick.

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June 27, 2023, 08:01:48 PM
 #11

I don’t think there’s any question about who is the most bullish of this list we had to choose from. Bitcoin institutions are of course going to be the most bullish by nature as that is quite literally how they make a living, that is their business. So I feel like even if they didn’t believe it, they are still going to act like or say that they are bullish to try and help pump bitcoins value.

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June 27, 2023, 08:15:13 PM
 #12

The institutions are more bullish that the rest of them. They have the funds to buy as many bitcoin as they want during the dip and will sell in the bull run making so much profit. The institution can also decided not a sell and keep holding their coins till ten years time because they don't depend on it to survive.

Miners will only keep few bitcoin that they mine during the bearish people so that it can increase in value in the bull run,because they depend on the profit from mined bitcoin to continue running their farm,since electricity is highly expensive. The dev don't care about profit but to make sure the network is working perfectly as they are not doing it for money.

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June 28, 2023, 04:34:11 AM
 #13

I want to believe that everyone on this forum lover bitcoin and that they reason they got into cryptocurrency is because of bitcoin. I have categorized bitcoin people into Bitcoin miners, Bitcoin Core developers, Bitcoin institutions(like Microstrategy), Bitcoin Noobs. I know there are many more but pardon me that is the best that comes to mind. Of these categories which do you think are do you think are the most bullish.

My personal opinion are miners. Because as a miner, you are constantly mining Bitcoin from the network in exchange for electricity and you constantly have to be mining Bitcoin otherwise you have to shut down your operation and when your operation consumes as much energy, well then you have to mine a lot of Bitcoin.

I know you may disagree but like I said it is my personal opinion and I would like to know yours?
Bullish means: the one who thinks BTC will break its ATH in the next bull run after halving. (it is my opinion so) If we take this definition into account and try to select which of the above option is more bullish then i think the Noob category might fall into this. (like me, yeah i am also nooB). The point is, Noobs can easily fall prey to market sentiments just like the current situation.

I wrote a post yesterday, about how HSBC bank's enabling the BTC ETFs is not big news but media outlets are showing it like big news and many newcomers are taking it like "Oh wow, BTC is going to adopt globally now" but we all know that such news made no bigger impact until they play their role in manipulating investor's and trader's mindset.

I also read a post in which OP shared his thoughts about a halving of BTC. As most of the people involved or new to crypto think that in this halving, the BTC will going to reach $100k easily. But the Op's idea reflects different things. point is if that becomes true then what are the people's mindset will be in 2026, will their trust halving? (TBH, my idea is maybe not as when many people know the secret, then the secret ingredient becomes useless).

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June 28, 2023, 06:00:37 AM
 #14

It depends and the category you have mentioned all of them hold bitcoins can't say about noobs but others have it so they have full hopes from it being maximalist as you are asking for.Like for miners they will have more profits for each block they found and more revenue from the transaction fees so they want it to boost.On the other side institutional investors like MicroStrategy have more then 128k btc so do you think Saylor would be less btc optimistic as he tweets about it with Bitcoin lights on his profile picture on Twitter?So the main thing is believing in it how much is not important.

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June 28, 2023, 10:02:30 AM
 #15

It's a shame that only a few people voted so far, but I still chose the most popular option: the last one. Bitcoin miners get new coins, and overall I don't think they are a big part of those who closely follow the market. It's often costly to stop the operations and then restart them, so if miners probably push through the tough times if they can. Bitcoin Core developers are the farthest, I believe, from the pricing and stuff, as they are focused on the technology and maintaining it. Bitcoin institutions aren't bullish enough, clearly, because we'd have a much better market situation if they were. The newbies, on the other hand, are often very hopeful and misguided, thinking that Bitcoin will bring them great profits pretty fast, so they are probably the most bullish. That being said, they're probably also those who panic the most when Bitcoin starts losing value.

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June 28, 2023, 10:06:33 AM
 #16

I am sure everyone who is holding Bitcoin, either if he's a miner or an institution or a noobie, they all are extremely bullish on Bitcoin at any given point of time.
Those who are not, are the people from the traditional stock market who wants the money to stay in their market as more institutions coming to Cryptoverse is less money in stock market.
You poll is invalid as of now, cheers.
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June 28, 2023, 10:15:19 AM
 #17

There is a 5th group of people who the OP has totally forgotten, thats "Bitcoiners" ! those
of us who dont fit into the 4 categories provided. I am a Bitcoiner, not a noob, developer,
node runner or miner and I believe I am part of the biggest group, regular Bitcoiners who are
generally bullish especially at this current time approaching the halving.

So from the 4 groups listed in the poll I cannot cast my vote because collectively and
generally speaking we are all bullish.

R


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June 28, 2023, 10:20:21 AM
 #18

Sincerely speaking, this topic looks not clear though as I can tell you that everyone on the space are all bullish about bitcoin.
Every fractions of bitcoin you hold makes you an investor and you being an investor makes you think bullish about bitcoin. So therefore, there is no special preference of  categorizing a specific set of people or holders over the others to be bullish than the other for no just reason.  I see no need for this since everyone is bullish about bitcoin irrespective of their holdings and experience about bitcoin.

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June 28, 2023, 10:54:25 AM
Last edit: June 28, 2023, 11:05:00 AM by Franctoshi
 #19

Op, be it Bitcoin miners, core developers, Bitcoin noobs, and institutions, the mission is still identical, which is seeing Bitcoin succeed.
If you further reduce these categories of Bitcoiners just into two groups, contributors and investors, and in your opinion that miners are the most Bullish Bitcoiners in the space I disagree with you, rather I would like to pick institutions that fall under investors, reason miners are already on profits right from the time institutions (investors) enters the market leaving institutions with expectation of price increase to profit, hence making them the most bullish.

R


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June 28, 2023, 11:06:53 AM
 #20

All of the choices doesn't involved most of the community members?

For me the most bullish will be the retailers and bitcoin investors, the average joe's and that's who the majority here in this community. Although everyone could be very bullish in the upcoming block halving, but we can see that the community will be lively again from the most of us here. Discussions about what will be the price and the growth, 6 digits, $150k-$180K prediction.

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