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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 271 times)
Kemarit
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June 28, 2023, 12:13:34 PM
 #21

On your list, everyone should bullish,

Bitcoin miners - with or without the bull run, miners though are going to make a lot of money.

Bitcoin Core developers - they might be happy to see Bitcoin making another run and hitting all time high and halving proving that Satoshi's design is genuis

Bitcoin institutions(like Microstrategy) - they are going to be bullish as they want to make profits.

Bitcoin Noobs - most likely will have to experience it the first time and for sure they are going to love what they see if we reach ATH.
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June 28, 2023, 06:19:32 PM
 #22

Haha, I was just confused about which option should I choose, OP's question is wrong you should ask who is not Bullish for Bitcoin because most of us are just waiting for it. I have chosen to vote for the noobs because I am a noob as well so as we are impatient and inexperienced (well this is not the case really) so we just want to see the boom of the market. Miners seem pretty active these days I was reading a few articles about the $50M mining facility started by some institute and also a mining era is going to be started because investors want to mine as much as they can before halving.

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June 28, 2023, 06:58:18 PM
 #23

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.

Of course, the noobs are the most bullish because in their minds they have the most to lose. When you have very little, every penny counts.
Miners sell bitcoin every month to pay their electricity bills, they aren't top bulls, to them it's just business.
Institutions usually hold their coins on exchanges or with custodials. They're always ready to sell at a sign of failure. Microstrategy is a special breed because Saylor is an extreme bull, but most companies are ready to sell at any moment.
Core developers don't continue to invest. They may hold some bitcoin but they don't stack every satoshi like some people here on the forum.

I do not belong to any of these groups. I'm just a simple saver who prefers to spend fiat and save in bitcoin.

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June 29, 2023, 08:12:56 PM
 #24

Every aspect of Bitcoin is very important, including miners, developers, and investors. Personally, for me, I think every one of those aspects is very important because they play vital roles. Miners will be there to process the transaction; investors will be there to perform the transaction; and if there are none of those investors, obviously there would be no transaction going on, and when there is no transaction, of what use are the miners? If there is no one to sell to, how would miners even make a profit? Also, developers are very important. If there is a very serious concern on the network, who will fix it?


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

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alastantiger
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June 29, 2023, 09:08:47 PM
 #25

If there is only one more bullish on bitcoin it is the retail investors/noobdpeople like me. This is because I feel that there is no other group that is working harder than this set of people that fall into this category. They are like the ones at the bottom end of the ladder. Because their investment is so small we dey work so hard to DCA periodically. When there is a market crash their whole assets is almost wiped out. They are the first people even before the institutional investors and they have been holding Bitcoin. Therefore if anyone is bullish on bitcoin it is this category of people.

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June 29, 2023, 09:47:29 PM
 #26

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.
We learn every day in bitcointalk I never knew that bitcoin institution appear to possess a bullish market if its true because I will make some findings on this,this forum is a place that we acquire information of bitcoin which we are not familiar with, sometimes I don't believe on information obtain outside forum, it's real information that can depend on, but this information I think its a reliable one instead of outside information that related bitcoin. When is the right time to buy bitcoin, is it at a point where by bitcoin is on bullish or when bitcoin on bearish

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June 30, 2023, 07:18:47 AM
 #27

It's hard to say but definitely noobs aren't bullish, they are mainly delusional which is neither bullish nor bearish. They just make irrational decisions based on their emotions and most of the times based on what random people on the internet tell them, whether it is a silly youtube video or silly lines drawn on a chart telling them to buy or sell!

But the best candidate is those who make the most "commitment" which could be miners since their investment is both in bitcoin (the coins they hold) and in the equipment they have purchased which has to work for some time before they reach ROI and start making profit.

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June 30, 2023, 01:21:34 PM
 #28

Everyone will have a choice because they judge it based on their knowledge. And if you think miners are the most bullish because miners are looking for Bitcoin blocks. But everything is related because each miner, Bitcoin Core developers, Bitcoin institutions (such as Microstrategy), and Bitcoin Noobs work together, although not always hand in hand.

While Bitcoin Noobs are people who do not understand, Bitcoin can be an easy target for the whale's game. And if Noobs can't get more knowledge about Bitcoin, they will always panic.

But institutions can be bullish when they manage to create news that makes people panic to want to buy Bitcoin thinking that the price of Bitcoin increases immediately after the institution buys it. The circulating news will be the benchmark for the market to be bullish or bearish while the market follows the reaction of traders.
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