Did bitcoin adoption bring about trust even in dips???

[SquirrelJulietGarden]

That's your own definition.

Hodling doesn't mean you must have full control over it, but it require some period of time, not just a minute or few days.

HODL is a term originated from Bitcointalk in 2013 by GameKyuubi

HODL: The Cryptocurrency Strategy of "Hold on for Dear Life" Explained
I AM HODLING

Knowing someone is actually hodling Bitcoin or not in non custodial wallet is easy since we can check the balance on explorer. Someone can hold in centralized exchange, but most people are thinking any coins moved to centralized exchange will be sold.

Holding bitcoin by storing it on online platforms, centralized exchanges is very risky. There is news that Binance under request of Israel, seized Bitcoin and cryptocurrency of Palestinian users. I don't verify this news yet.

A very important update but it seems there is attempt from Binance to clear it as FUD against Binance.

There are many advises against holding on online platforms or centralized exchanges.

[naira]

Did bitcoin adoption really bring about people trusting bitcoin even in dips?

Yes, because supply, unique, is the number 1 digital asset in the world and of course bitcoin is the parent of all crypto assets so as a holder you don't need to panic about price fluctuations. While other crypto assets will still worry you even if you hold them in the long term where investor interest is declining, new competitors continue to emerge, projects that offer greater profits than the crypto you currently hold and many more. While bitcoin is singular in nature where no matter how much the asset wants to outperform bitcoin, it cannot be done.

Regarding the context of Hold or Hodl, having different preferences where you store it and that won't be a big problem. However if we talk about ownership with full control, then a centralized exchange is not the right place for both the long and short term.

[kryptqnick]

I believe that some people actually do want to see dips in crypto of interest because they want to buy at a lower price. When the market is down, it's a great buying opportunity. If it's a long bear market, it's perfect for DCA. But that, of course, requires a lot of faith in Bitcoin, faith that it will recover and surpass its previous highs.
I wouldn't say that someone who has Bitcoin for a very small period of time is a hodler. This person is an owner, yes, but hodling is a word that refers specifically to keeping (not selling) Bitcoin over long periods of time.

[Davidvictorson]

That brings us to the big question;
Did bitcoin adoption really bring about people trusting bitcoin even in dips?

I would say that it's continued evidence and strong outcome after every dips, government attacks and other negatives thrown at it has contributed to our trust. In addition to this countries like El Salvador that made bitcoin its legal tender and even indirectly bitcoins ETFs  by so many financial institution is part of the reason why we keep trusting Bitcoin even in the dip. This is my personal opinion though.

[nakamura12]

I would say yes and those people who made such attacks helped a lot that's why many people have trust in bitcoin even in dips. If you compare bitcoin 6 years ago just between its price have huge difference. Wouldn't that alone enough to make people trust in bitcoin and believe in it?. If I answered my question then my answer would be yes. Being volatile also give people a chance to earn money that's why when people ask if they are late to invest adviced people that it is not too late and also even those people who doesn't have trust bitcoin but is willing to take risk to see if it's worth to invest or not have trusted bitcoin sooner or later.

[Zlantann]

Did bitcoin adoption really bring about people trusting bitcoin even in dips?

Bitcoin adoption by individuals, institutions and government help build the confidence of non-adopters that the coin is trustworthy. Some people will never invest in Bitcoin unless they see big institutions and governments putting in money or adopting the crypto.

That's your own definition.

Hodling doesn't mean you must have full control over it, but it require some period of time, not just a minute or few days.

HODL is a term originated from Bitcointalk in 2013 by GameKyuubi

Just checked the thread out the thread I AM HODLING by GameKyuubi and I agree that you should have control of your coin for a period before saying you are hodling. The concept behind the word is to keep hodling your coin regardless of the pressures to sell. It is basically not giving attention to the speculation or advice of professionals but keeping your coins.  

[pawanjain]

We trust bitcoin even during the dips because being bitcoin HODLers we have complete belief in bitcoin.
We have seen it's past performance and it's capability to rise in future.
The bitcoin community has grown strongly over the years and many instituional investors have joined hands to make bitcoin big.
This is why we are determined to HODL even durng the dips because we know we will rise up harder.

[Hamza2424]

Hmm, Interesting topic according to the OP's declaration if you hold your coin in your pocket even for a second you are a Bitcoin holder but only for that time while you were holding those coins. Honestly, in my view, someone who truly understands the Bitcoin and crypto markets doesn't just wait around for massive pumps. Instead, an experienced individual is always looking for opportunities to buy during dips.

So yes, it's not just about adopting Bitcoin and instilling confidence in investors during dips, it's also about genuinely understanding what Bitcoin represents in financial markets. I've found myself more often wishing to buy during dips rather than obsessing over selling at higher prices.

[Zoomic]

Did bitcoin adoption really bring about people trusting bitcoin even in dips?

Lots of people would still be having their doubts about bitcoin if they didn't see any positive improvement in bitcoin over the years. Bitcoin has stood the test of time and has proven to be a good store of value even in the midst of economic crises. Initially, people often show concern for every price change in bitcoin but now, every price change indicates an opportunity to either buy to make more profits in the future or sell to still collect profits.  The positive results bitcoin has shown is the reason there is still mass adoption of bitcoin today.

Any bitcoiner that does not see  dips as an opportunity does not know what he is doing with bitcoin and there are high tendencies that he might only end up with losses instead of gains from his bitcoin investment.

[Sim_card]

Did bitcoin adoption really bring about people trusting bitcoin even in dips?

Of course, bitcoin from past history has proven that if the price dips it is just a matter of time and it will recover back. Dips are temporary and that has given a lot of bitcoin users the trust that even when the price dips, it will surely recover at pump higher the initial price before the dip depending the market season. Bulls runs are proves that bitcoin has the potential of increasing in value overtime and gives more confidence to hodlers.

[Furious 7]

Did bitcoin adoption really bring about people trusting bitcoin even in dips?

For those new users, maybe this will have an effect because after all, with the conditions that are happening now, those who are categorized as new people and only follow the hype or fomo without any careful preparation in terms of understanding and not wanting to learn more about bitcoin, they will definitely experience problems where they are definitely worried about what is happening to bitcoin in terms of prices which makes them think about whether this is the right way or not when in bitcoin.

But when those who have been in bitcoin for a long time I don't think this will interfere with anything because surely they realize that in the end this is a natural form when bitcoin rises and falls so they will not worry too much in extremes let alone assume that bitcoin is the wrong thing.  We often see this from the beginning, we shouldn't be too bothered by what is happening now because the current condition is a fairness.

[Awaklara]

Did bitcoin adoption really bring about people trusting bitcoin even in dips?

when we invest our money in an asset, we must first convince ourselves to believe that the asset will be good and make a profit for us. if we feel doubtful we will not be successful with the investment we make.
regarding trust in Bitcoin when the price goes down, I think it is related to the knowledge of the investor himself. those who already believe in Bitcoin and see the market price go down, of course, investors see it as an opportunity to get more Bitcoin in their hands.
everyone knows and learns that Bitcoin is not a stable asset. its price will always move. with the knowledge possessed by the holder, there will be no distrust of Bitcoin even when the market is moving down.

[Smartvirus]

Most users often misquote having bitcoin in your wallet for a very long time probably a couple of years as what the concept of Hodling is about only. However having some bitcoins in your wallet for just a short period of time even as low as a minute can classify you as a holder.

I don’t know where you get that concept of having to hodl Bitcoin in a wallet to categorically classify you to be a hodler but, I would say you should refer to the word “hold” using a more crypto centric term which would be “hodl” which translates to hold on for dear life. You don’t hold on for dear life in a minute.
In fact, your just a channel a pathway through which, a transaction is been done.

Having to practices the act of hodling, it’s you involved in long term storage of Bitcoin in a non custodian wallet, cold wallet or whatever means you might deem safe to use. You have to by a great length of time contribute to its scarcity.

Did bitcoin adoption really bring about people trusting bitcoin even in dips?

Bitcoin is yet to get a wide spread adoption so, it’s difficult to really consider it in this context which is more about a mainstream thing. Although, I’ll say, the more people get yo discover and rediscover the currency, its persistence despite critics has earned it it’s place in our world.

[EarnOnVictor]

-snip-
Did bitcoin adoption really bring about people trusting bitcoin even in dips?

I like to call your attention to a thin line, there are Bitcoin bigots and there are unbiased investors. Based on the mentality of the two, you can't expect them to see Bitcoin the same way.

The Bigot will always support Bitcoin regardless of the situation, while unbiased investors will always want to play smart and secure their investment. So during the dip, the bigot will not care because they often conduct a buy-and-forget approach about Bitcoin. Although many of them may be concerned about it over time, they may fight it and keep HODLing their coins.

However, some bigots may reduce the size of Bitcoin investment to reduce the effect of their worth if human nature takes control. As for the unbiased investors, they will surely be affected by it when their asset value depreciates, you may see them making an informed or uninformed (depending on expertise) decision to manage the situation accordingly or totally divest to avoid losing more.

[Mia Chloe]

Most users often misquote having bitcoin in your wallet for a very long time probably a couple of years as what the concept of Hodling is about only. However having some bitcoins in your wallet for just a short period of time even as low as a minute can classify you as a holder.

I don’t know where you get that concept of having to hodl Bitcoin in a wallet to categorically classify you to be a hodler but, I would say you should refer to the word “hold” using a more crypto centric term which would be “hodl” which translates to hold on for dear life. You don’t hold on for dear life in a minute.
In fact, your just a channel a pathway through which, a transaction is been done.
Having to practices the act of hodling, it’s you involved in long term storage of Bitcoin in a non custodian wallet, cold wallet or whatever means you might deem safe to use. You have to by a great length of time contribute to its scarcity.

Did bitcoin adoption really bring about people trusting bitcoin even in dips?

Bitcoin is yet to get a wide spread adoption so, it’s difficult to really consider it in this context which is more about a mainstream thing. Although, I’ll say, the more people get yo discover and rediscover the currency, its persistence despite critics has earned it it’s place in our world.

Well I'm not talking based on instincts here rather I'm talking based on the origin of the word HODL. Now Gamekubuyi was the first person to make use of that word before it became very popular. If you use the forum search tool to pick up that post and read through it, he wasn't talking about hodling your coins for a period of  say "X " years or months. However his point was own some coins and talking about full ownership of your coins you are well aware that those coins mustn't be on an exchange of any kind whether centralised or decentralised.

HODL was just a mis spelt word which later came to stay in the crypto space. Based on. The context of Gamekubuyi's usage of the word, he had those coins sitting in some wallet which he had the keys to. Hold on to your dear life is more of a made up meaning for HODL by bitcoin investors.

[Smartvirus]

Well I'm not talking based on instincts here rather I'm talking based on the origin of the word HODL. Now Gamekubuyi was the first person to make use of that word before it became very popular. If you use the forum search tool to pick up that post and read through it, he wasn't talking about hodling your coins for a period of  say "X " years or months. However his point was own some coins and talking about full ownership of your coins you are well aware that those coins mustn't be on an exchange of any kind whether centralised or decentralised.

From a place of instinct, it might be understood but, the minute projection doesn’t count.

I’ve had to go pull up that post by Gamekyuubi: I AM HODLING

Now, he clarified on why he had to spell it this way and it has come to stand and without having to state an X time to define when we can actually say an individual investor practices the term hodling, from a place of use and context, you would find that this user wasn’t talking about minutes rather, Gamekyuubi referred more to the seasons by the use of the term bears, which doesn’t occur in just a minute. You don’t have seasons in a minute. In essence, you get your deductions to the term from a point of context as used by Gamekyuubi.
A lot is been said in that brief post, you could also find the DCA strategy being used there, just buying and hodling.

Bought more to hodl.  Hodling to the end of days.

HODL was just a mis spelt word which later came to stay in the crypto space. Based on. The context of Gamekubuyi's usage of the word, he had those coins sitting in some wallet which he had the keys to. Hold on to your dear life is more of a made up meaning for HODL by bitcoin investors.

Made up words are the way terminologies are formed for a niche. This might be words that are coined from other related words or parts of the body, material, natural or artificially created situations. It doesn’t really matter if the word was misspelled, it explains the intent just fine and it’s understood by those within the field. It’s the language!

[Ultegra134]

As PrivacyG already mentioned, altcoins have much more unpredictable cycles compared to Bitcoin. You'll see some coins lose over 90% of their value within a couple of days, something that isn't happening with Bitcoin, and doubt it's ever going to happen at this point. I'm personally not bothered by any price dips or market crashes that affect Bitcoin, even if they are by a large percentage. I've been holding Bitcoin for approximately three years now; I haven't touched my coins once, and if I'm honest, price dips are opportunities to acquire Bitcoin at a faster and cheaper rate.

[coolcoinz]

The concept is actually the fact that you having some bitcoins in you possession ( with having full control over the coins ) makes you a HODLER . However having those coins on an exchange doesn't count as hodling since you don't have total control over it.

So, according to your theory, a contractor who accepts bitcoin payments, but doesn't care about bitcoin end exchanges it to fiat every day, is a hodler. That's interesting.
I go to work, trim hedges for someone, get paid in BTC, go home and sell that - I can call myself hodler because for a few hours i had that on my phone wallet.

I don't care about any dips. Nothing bitcoin does right now is a dip for me. I held bitcoin in 2020 when it flash crashed to $4k. I held bitcoin in bear markets when it lost 80% from ATH. Why would I care if it goes down 5%? I guess people who just bought have to care, but long time holders are immune to this.

[Franctoshi]

Generally, when it comes to the crypto space especially in the concept of Hodling coins, crypto holders and enthusiasts often anticipate bulls and almost no one wants to see a dip in the crypto currency of his interest. Yeah yeah , every one sings about hodling however some persons in-depth don't fully understand the concept of Hodling so I guess I'll start this discussion with that.

Most users often misquote having bitcoin in your wallet for a very long time probably a couple of years as what the concept of Hodling is about only. However having some bitcoins in your wallet for just a short period of time even as low as a minute can classify you as a HODLER. The concept is actually the fact that you having some bitcoins in you possession ( with having full control over the coins ) makes you a HODLER . However having those coins on an exchange doesn't count as hodling since you don't have total control over it.
Now bitcoin for a very long time has kept up with it's bullish trend unlike many volatile coins out there. For most coins people panic when in dips however in the case of bitcoin people don't panic when it comes to hodling bitcoin. That brings us to the big question;

Did bitcoin adoption really bring about people trusting bitcoin even in dips?

If you don't understand the concept of money and the concept of Bitcoin as an Asset and a store of value, I doubt if some investors would trust Bitcoin even during its dips, So the category of people that Buys Bitcoin even when the price tanked are only people who understand this very concept, that Bitcoin is a store of value, and hedge against inflation, and the fact that Bitcoin is money and can be used to purchase things, in this case, there's every reason for people to trust Bitcoin and not minding where the price dips down to.

[The Cryptovator]

What do you mean trust here? If we don't trust, then we won't love and hold Bitcoin. Rather, you can say even we won't be on this forum. I know it's a universal question, but just giving you an example. Bitcoin adoption is different, it's not related to Bitcoin volatility. So either Bitcoin dip or pump, we have to trust Bitcoin. A few will never trust, and you can't convince them. Adaption couldn't prevent the bitcoin from becoming volatile. So trust in Bitcoin depends on your mind. At least I don't see any valid reason why we shouldn't trust Bitcoin when dipping the price.