Do you trust bitcoin holders?

[Pi-network314159]

Since bitcoin promotes mostly anti-government, banks, etc.


I am wondering; Do you trust bitcoin holders?

Your question is a kind of confusing. But I trust bitcoin HODLers because because I am one of them. The community of bitcoin HODLers are the reason behind the tremendous growth of bitcoin because the more people HODL unto bitcoin the more they are creating scarcity in the market thereby making the growth of bitcoin faster than expected. So the HODLers are one key factor of the growth of bitcoin.

[Solokan]

We have been watching Bitcoin for years. If we look at the past history of Bitcoin we can see that those who hold Bitcoin have lost and they have made huge profits. If holding it should be done long term. Never panic investing in Bitcoin. Those who can hold Bitcoin tight I believe can gain a lot from Bitcoin. There is no chance of not trusting Bitcoin holdings.  Because no one has been disappointed by holding Bitcoin so far

So far Bitcoin's journey has certainly had an impact felt by those who hold Bitcoin to date and there are some people who can hold on to their Bitcoin in the long term will certainly be able to gain profits on the investments they make, but there are some people who don't understand how it works. Bitcoin and when they try to invest and see market conditions that are undergoing a correction, of course they will panic and some will even sell again at a loss.

It's true that for those who are beginners and inexperienced and lack exact knowledge, when there is a correction, they always panic sell even though they are at a loss. However, for those who are experienced, of course they will not sell their Bitcoin until they make a profit, and usually beginners who don't have enough knowledge of course always want to get rich overnight and when buying BTC, they don't use money that is ready to be lost, so they end up panicking and selling it, even if they lose money. see prices go down 

and yes, so far nothing has disappointed long-term Bitcoin holders, the proof is that in the near future BTC has also touched a new ATH and of course many predict that BTC has the potential to rise even higher in price from now. To be honest, I personally as a small BTC investor don't ever disappointed holding BTC. and of course people who have held BTC from the past until now have never been disappointed even though they didn't have time to sell it during the Bull Run because the price of BTC has never been disappointed until now.

[synchronym]

Countries that have Bitcoin legality can invest in Bitcoin with confidence and are changing their own fortunes with this Bitcoin investment. But countries that are not into Bitcoin are also investing in Bitcoin with the help of the government. But if Bitcoin is legal in all countries, it will be a big news for those who use Bitcoin. Day by day bitcoin popularity is increasing day by day so the government of the country which declares bitcoin legality must consider bitcoin.

[Viscore]

Well, I am a Bitcoin holder so I did want to say we are not all like this. I am not anti governments and I am not anti banks. I do trust in myself for this reasons. We have to be very patient with our Bitcoin.

I do like what Bitcoin does have to offer. But I do not want to to overpower the powerful governments and the banking systems in this world.

Being a good citizen of the government does not necessarily mean that you have to follow everything that the government demands. If that’s the case, where’s the freedom there? Investing in bitcoin can never be considered an act against the government or the banks, but it’s simply our own way of motivating ourselves to find  life’s progress and financial security in the future. While bitcoin opportunities are here to make our dreams and goals happen, then taking advantage on it is the best option without ignoring the government laws that we citizens are obliged to follow.

[ChiBitCTy]

NOPE.  This is the number one problem that I have with bitcoin, is that I simply do not trust others.  I guess you could say the same thing for anything in life, but the only fear I have with bitcoin succeeding is not trusting others to understand bitcoin.  Most just buy and hold bitcoin in order to "profit".  Every time I read "profit" on here I want to puke.  That's not what bitcoin is all about.  I wish more people would study it and actually educate themselves.

[Renampun]

Since bitcoin promotes mostly anti-government, banks, etc.


I am wondering; Do you trust bitcoin holders?

once again, each bitcoin holder has their own interests or goals, so each answer can be very varied, but why should we trust humans, the majority of bitcoin holders just want to make a profit in the future, that's why I trust bitcoin more than bitcoin holders. Bitcoin prices will never be stable, the price will continue to change up following the market trends and Bitcoin holders will alternately enter or leave the market.

[kotajikikox]

NOPE.  This is the number one problem that I have with bitcoin, is that I simply do not trust others.  I guess you could say the same thing for anything in life, but the only fear I have with bitcoin succeeding is not trusting others to understand bitcoin.  Most just buy and hold bitcoin in order to "profit".  Every time I read "profit" on here I want to puke.  That's not what bitcoin is all about.  I wish more people would study it and actually educate themselves.

You are right that bitcoin was never created to profit from off. It was dutifully created to give us the choice of having a currency we can use for transactions without the need for intermediaries. It just so happens that due to its limited supply, people found a way to make money off of it. Nowadays, people just see bitcoin as an investment opportunity. I wonder if people are actually going to soon realize that we should be using bitcoin as a payment method instead.

[amihada]

not everyone can be trusted, there are many people who only talk as if they are true, but when you look at them, they all lie, it's the truth, but I'm sure there are people who hold bitcoins who can be trusted, for example, my friend holds bitcoins until now and hasn't let go, it depends on the person, not everyone can be like that.

[nullama]

Since bitcoin promotes mostly anti-government, banks, etc.


I am wondering; Do you trust bitcoin holders?

The beauty of Bitcoin is that you don't have to trust anyone, you can always verify.

Bitcoin is independent of any single person, even Satoshi Nakamoto.

Also, Bitcoin is money, it's not political. Bitcoin is for everyone.

[Luzin]

Your question is a kind of confusing. But I trust bitcoin HODLers because because I am one of them. The community of bitcoin HODLers are the reason behind the tremendous growth of bitcoin because the more people HODL unto bitcoin the more they are creating scarcity in the market thereby making the growth of bitcoin faster than expected. So the HODLers are one key factor of the growth of bitcoin.

Yep, i think same with you. They are the part of the Bitcoin Community that makes Bitcoin even more valuable. They hold Bitcoin, so they try to provide more value than some of the Bitcoin that is being traded today. So I consider them a community that has the same views and goals. Believe it? It's a little difficult to answer because your question is too abstract.

In one view I believe they believe that Bitcoin is a digital currency that has value. On the other hand, I'm not sure how these holders will be able to hold on to their Bitcoin, because I have a feeling that they will let go when they reach their target. So I need to be able to capitalize on that moment so that I don't get a loss.

[d3nz]

Since bitcoin promotes mostly anti-government, banks, etc.


I am wondering; Do you trust bitcoin holders?

The beauty of Bitcoin is that you don't have to trust anyone, you can always verify.

Bitcoin is independent of any single person, even Satoshi Nakamoto.

Also, Bitcoin is money, it's not political. Bitcoin is for everyone.

Being anonymous is one of the best features of Bitcoin. There is no one to trust but the catch is holders can manipulate the price since they have a large amount of BTC. So, do we trust them? We don't know the answer and I think we just need to pretend that we trust them since we don't really who they are.

[Natalim]

Well, I am a Bitcoin holder so I did want to say we are not all like this. I am not anti governments and I am not anti banks. I do trust in myself for this reasons. We have to be very patient with our Bitcoin.

I do like what Bitcoin does have to offer. But I do not want to to overpower the powerful governments and the banking systems in this world.

Going into bitcoin and investing on it does not mean that you are also trying to be against the government. The government cannot guarantee your financial stability so you have to find your own way and stick to bitcoin as long as it’s needed. But nevertheless, as much as you want to pursue with bitcoin, that won’t definitely mean that you’re becoming an anti-government in the process.

[Adbitco]

Hey I can't trust anyone with their bitcoin because they could fall out of love and sells of their bitcoin without your knowledge, maybe a
Government pressure or trying to limits it's holders they could feels so threaten and sells of their bitcoin just as what is happening our country today, government fighting against some centralized exchange that provides p2p trading and there could be a time where people would no longer feels secure of their investment since their may not be a way to sell it off from their hands and any little slight opportunities they could get panicked and sold off.

[cryptoWODL]

Countries that have Bitcoin legality can invest in Bitcoin with confidence and are changing their own fortunes with this Bitcoin investment.

Have people stopped investing in bitcoins where bitcoins are not legit, nor are they investing too. I couldn't agree more with you on this because people in countries where Bitcoin is not legal are also investing heavily in Bitcoin. There are many investors who have been able to change their fortunes and the fortunes of their families by earning money from their Bitcoin investments.

I am talking about our country our country has not legalized bitcoin yet there are countless bitcoin investors in this country who own many bitcoins. So what do you say about it. Investing Bitcoin in countries where Bitcoin is illegal does not mean going against the government or bank. A country's government can never guarantee people's money.

[thecodebear]

Since bitcoin promotes mostly anti-government, banks, etc.


I am wondering; Do you trust bitcoin holders?

Not anti-government at all. Government has lots of useful functions obviously. It's just not good for controlling money supply, and leaving the govt in control of money supply tends to cause lots of govt problems.

And banks perform lots of usesful services, but people should also be able to hold their own money and send their own money freely, rather than having to essentially ask banks permission to use their money and give up the authority of one's own money to a bank and ultimately govt.

[Republikcoin.com]

not everyone can be trusted, there are many people who only talk as if they are true, but when you look at them, they all lie, it's the truth, but I'm sure there are people who hold bitcoins who can be trusted, for example, my friend holds bitcoins until now and hasn't let go, it depends on the person, not everyone can be like that.

You also don't have to believe everything other people say before checking the truth, but it also doesn't matter if you personally want to believe what other people have kept for a long time. Because when you say that not everyone can be trusted, you already know where to judge that person from if you already know him well, but if you don't know him better it will also be difficult for you to trust him. But in cases like this, I don't think it's a problem if you want to immediately believe what the OP says because it's about what he once had and has kept until now.

[nullama]

~snip~
Being anonymous is one of the best features of Bitcoin. There is no one to trust but the catch is holders can manipulate the price since they have a large amount of BTC. So, do we trust them? We don't know the answer and I think we just need to pretend that we trust them since we don't really who they are.

Bitcoin allows for pseudonymous transfer of money. It is not anonymous.

Basically every transaction has a unique identifier. If you somehow link your real world identity with that unique identifier, then your real identity is linked with that transaction.

For example, when you transfer from a centralized exchange into a wallet and then you send from that wallet to somewhere else using the same address, that's a clear link.

[Betwrong]

~

A huge respect for people do that since that means they have strong belief on bitcoin that there will be great future will come on it and there's only few people can do that since not all investors really trust bitcoins dominance as they always afraid for its volatility that's why some people think that this is big issue of bitcoin which they are avoiding.

Its really hard to stick with believes especially with there's a down time happening that's why I really have a huge respect to holders since they are showing some intense strength that nobody can destroy their belief and continue to do their plan for betterment which bitcoin always shows then all of this people are always satisfied with those decisions they do since they are always the winners.

If there were no such people, BTC won't be were it is now. Even the greatest projects can be ruined by the widespread distrust. They can't be ruined forever, though. Everything that is as good as Bitcoin eventually finds a way to take its rightful and well-deserved place at the forefront of advancements beneficial to humanity. But it could happen 50 years later and many good people would not have caught the train. And Bitcoin holders either in early days or today, they have helped it to happen just at the right time.

[nullama]

~snip~
If there were no such people, BTC won't be were it is now. Even the greatest projects can be ruined by the widespread distrust. They can't be ruined forever, though. Everything that is as good as Bitcoin eventually finds a way to take its rightful and well-deserved place at the forefront of advancements beneficial to humanity. But it could happen 50 years later and many good people would not have caught the train. And Bitcoin holders either in early days or today, they have helped it to happen just at the right time.

True.

At the end of the day Bitcoin, or any project, really is only successful if people use it.

If no one cared about Bitcoin, then it doesn't matter how brilliant it is.

Literally you need a second person to run Bitcoin, it is impossible to do it by yourself.

[coinerer]

not everyone can be trusted, there are many people who only talk as if they are true, but when you look at them, they all lie, it's the truth, but I'm sure there are people who hold bitcoins who can be trusted, for example, my friend holds bitcoins until now and hasn't let go, it depends on the person, not everyone can be like that.

You also don't have to believe everything other people say before checking the truth, but it also doesn't matter if you personally want to believe what other people have kept for a long time. Because when you say that not everyone can be trusted, you already know where to judge that person from if you already know him well, but if you don't know him better it will also be difficult for you to trust him. But in cases like this, I don't think it's a problem if you want to immediately believe what the OP says because it's about what he once had and has kept until now.

They have to trust Bitcoin Holdings who have known about Bitcoin for a long time and have seen with their own eyes the new record ATH of Bitcoin. Only they can make a potential prediction about Bitcoin and almost everyone's prediction considers Bitcoin as a potential currency of the future. So I think almost everyone believes in holding Bitcoin. Because Bitcoin is the only coin in the crypto world that has no chance of being scammed. And its price is constantly increasing.  And even if the price falls, it is sure to recover