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

[_BlackStar]

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

As real use cases for bitcoin increase - the most important thing you can judge is that user trust in bitcoin increases. User trust and adoption growth should go hand in hand - meaning, if adoption is low then user trust in bitcoin is also low ^{[especially as a currency or means of payment].}

Bitcoin price volatility does not reflect a decline in confidence in real use cases - volatility is caused by trader activity in the market. High prices do not reflect massive growth in real use cases - the same is true when prices down, not because of the weakening of user trust in it.

[SamReomo]

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.

Yes, I also believe that, the ones who hold Bitcoin for minutes or hours aren't actually hodlers but traders who want to make profit from their investment as soon as possible and once they see the profit they sell their holdings. I know such people can be called as holders but hodler term doesn't suit such people.

When it comes to drip buying then that's the best time for someone to accumulate Bitcoin and trust me many people invest in Bitcoin when they see the Dips and some of those make profit from it when it moves upward in value after the market stabilization.

[AmoreJaz]

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.

Yes, I also believe that, the ones who hold Bitcoin for minutes or hours aren't actually hodlers but traders who want to make profit from their investment as soon as possible and once they see the profit they sell their holdings. I know such people can be called as holders but hodler term doesn't suit such people.

When it comes to drip buying then that's the best time for someone to accumulate Bitcoin and trust me many people invest in Bitcoin when they see the Dips and some of those make profit from it when it moves upward in value after the market stabilization.

Of course, most that are here are after for the quick profits that they can earn. This is the major reason why this market is very attractive as the volatility is the feature that they want to take advantage of. However, not all can exhaust its feature as it depends on when will you enter and exit on this market.

If you have strong belief on this market, definitely, you will buy during the dips as that is a good opportunity to accumulate your stash. You will only wait for the right time to sell off. However, don't use your money that you need for emergency purposes. You will put yourself in a tight position if you do so.

[seoincorporation]

Most of users and investors see the dips as an oportunity to get cheap coins, and not only that, we are waiting the coins to drop even more, while more they drop is a better oportunity for all.

So, I don't think the dips break the users trust, maybe is that way for a low amount of users but not for the mayority.

[taufik123]

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

Yes of course, Bitcoin is becoming the most in-demand and most trusted digital asset as a cryptocurrency that provides tremendous returns when you hold it for the long term.

See how Bitcoin's rise after 15 years of Bitcoin launching, from worthless to reaching an ATH of $73k.

It's about a belief that makes bitcoin more and more in demand, so mass adoption continues to take place.
Bitcoin is not just a digital currency that has been abandoned, even though the inventor of bitcoin is anonymous, Decentralized and no one can regulate it.

When it was down, everyone was scrambling to buy bitcoin at the cheapest price.

The essence of Holding is that those who hold for the long term in their own wallet and see how the long term Holder in the past had a lot of profit when selling now, the important thing is not to hold it on the Exchange because it will have the risk of loss and other problems.



Bitcoin Cycle 2010-2024
Source: https://www.newsbtc.com/news/analyst-bitcoin-cycle-top-89000-135000/

[Ale88]

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.

I'm sorry but I totally disagree with this: owning bitcoin for a few months doesn't make a hodler, let alone a few weeks, days, hours or even minutes, as you mentioned. A hodler is someone who is not willing to sell despite what is happening in the market, all the others are traders or people who own some bitcoins, that's it. Not everyone is a hodler and not everyone has what is needed to be a hodler.

[SquirrelJulietGarden]

I'm sorry but I totally disagree with this: owning bitcoin for a few months doesn't make a hodler, let alone a few weeks, days, hours or even minutes, as you mentioned. A hodler is someone who is not willing to sell despite what is happening in the market, all the others are traders or people who own some bitcoins, that's it. Not everyone is a hodler and not everyone has what is needed to be a hodler.

I agree that a true hodler needs to hold bitcoin for a longer period than several days, weeks, months but I disagree with you that a hodler is an investor who does not care about anything in the market as well as does not care of opportunity to take profit.

There is no investor spends money to purchase something, for instance in this case Bitcoin, and hold it forever till a day of his death. Investment does not mean to be like this but different investors will have different strategies for entries as well as exits (taking profit). Take profit can be done with one sale and exit all position or can be regular partial withdrawal with profits but still hold the investment position.

If you have your investment is doubled, it's not bad if you take profit partially like 50% and do it a few times to get your initial capital back, then you're free in mind and no financial pressure to hold your investment for much longer time. When you already got initial capital back, it's time to be actual hodler but even so you will take profit in future.

[Dr.Bitcoin_Strange]

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

Bitcoin adoption did not bring trust for the coin during dips but rather, the price history  of Bitcoin made adopters to have trust in the coin. If Bitcoin had not maintained a particular market trend in history, it would be difficult for adopters to have trust even during dips. Every experienced Bitcoiner is already aware that if they hold their coin for a four year interval, they are sure that a bull market will certainly arise during halving period.

[JiiBs]

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

Bitcoin adoption did not bring trust for the coin during dips but rather, the price history  of Bitcoin made adopters to have trust in the coin.

Can we say Bitcoin has been adopted in our world today?

We have the majority still hanging when it comes to Bitcoin and only an insignificant few from the much I’ve had to read in comments on the forum have accepted Bitcoin. So with that, can we really say Bitcoin has been adopted ?
We still don’t have places to spend Bitcoin directly and the few that are available feels like a mystery find.
That doesn’t tell well on adoption right…!

[davis196]

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.

Having BTC for a minute makes you a HODLer? Who told you this nonsense? Being a HODLer means not selling your BTC when there's a price drop and a bear market. Being a HODLer means that you are not in panic when there's a bloodbath on the cryptocurrency markets.
This isn't rocket science and I'm sure that everyone with an IQ above 80 can understand this concept. The concept of HODLing has nothing to do with how you store your BTC(in a cold wallet or a hot wallet). It has everything to do with how you react to sudden changes on the Bitcoin market.

[fuguebtc]

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.

Having BTC for a minute makes you a HODLer? Who told you this nonsense? Being a HODLer means not selling your BTC when there's a price drop and a bear market. Being a HODLer means that you are not in panic when there's a bloodbath on the cryptocurrency markets.
This isn't rocket science and I'm sure that everyone with an IQ above 80 can understand this concept. The concept of HODLing has nothing to do with how you store your BTC(in a cold wallet or a hot wallet). It has everything to do with how you react to sudden changes on the Bitcoin market.

We have different types of investors in the market like traders, long term investors called holders, and short term holders called speculators would be more appropriate, IMO.

I see OP is just trying to differentiate from people who are storing bitcoin on centralized platforms and don't want to admit them. But to be fair, where they store their assets has nothing to do with whether they are holders or not. OP is just trying to distort the concept of holders and differentiate between those who are using centralized platforms and services. Although storing bitcoins on centralized platforms is not safe, but we should respect their decision because everyone has a different investment mindset.

[DeathAngel]

As Bitcoin becomes more mainstream & we gain increased adoption, there should be more confidence in the fundamentals. In theory dips should become shallower as there there is more buying. We had a 30% dump from current ATH to 49k though & we are still at 59k, a price we were above in 2021 so maybe there is still some doubt & fear floating around.

[Kelward]

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

I believe it does now, since we use mostly use earlier adopters and it price history to hold firm that when it price dips with time as long as we HODL then we will gain more and this is also from the fact that all this trust was built on knowing the truth about Bitcoin and how far it as gone and will go.
 

We hodl in dip because of the trust and reputation that Bitcoin has built since it's creation till now. It's history has proven that when it dips that it has the potentials to skyrocket and always reach new ATH price on the long term. The gains of the early Bitcoin adopters is one of the biggest motivations for many of us that are quite new in hodling to have the trust that it's price will always increase in every bull run. It's price will reach ATH before bear run and dip allover again, so no worries. Moreover Bitcoin finite supply and it's increasing adoption means that over time it's demand will always be greater than supply. This circle will always make make us to be seeing ATH in every bull run so we shouldn't really be worrying about dips.

[Arenga pinnata]

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?

What makes us believe in Bitcoin is not only because this coin continues to increase. But the decentralized system and the potential for large adoption in the future clearly continues to grow day by day. We have freedom in holding this asset. At least that's what I feel. And this is what makes me believe in the good potential of bitcoin which can reach more people to use it.

And when the price drops, those of us who believe in the future of bitcoin will actually be quite happy. because we can come back to collect more. Temporary panic is a common thing to feel. But if we only use money that has been prepared for Bitcoin from the start, we can minimize this panic. But for those who don't really understand bitcoin and only enter because of its increase. then maybe they will panic when the price goes down and can take it off at any time when panic controls them. And then they will start to distrust bitcoin. But when the price goes up again, they will get carried away by the hype again and want to buy it again even though the price is very high and when it hits resistance. But for hodlers, perhaps the market ripples don't bother them too much. Because they only focus on collecting and holding in the long term.

[Fivestar4everMVP]

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?

Over here in my place, there is this popular saying or proverb in my language which I will translate to English immediately - the proverb tells us that when ever you pass through a road for the first time, if that road is good, you are likely to want to pass that road again, but if the road is bad, you do all you can to avoid passing that same road next time, even if it means finding an alternative that is longer or of more distance.

What point am I trying to make here? Bitcoin has proven it self over and over and over again to the extent that we no longer have to doubt its ability to rise even after a major fall or decline of its price or value, to this effect, investors who have been here for a long time have learnt to see every bitcoin price dip as an opportunity to buy more bitcoin, rather than an issue to worry about, only those who are new still might panic when ever the price of bitcoin falls below their initial expectations.

[shield132]

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?

Your question makes some sense but I still think that people start panic selling when Bitcoin's price goes down but there is a difference between Bitcoin and other coins during the bear market. When Bitcoin falls, it always rises, old investors always buy dips unlikely newbies who sell them when there is a market crash but in case of altcoins, when crash happens, people sometimes don't buy dips and the coin dies.
The massive adoption of Bitcoin helps Bitcoin to not die during the market crash because there are many Bitcoin businesses in the world, there is a huge market capitalization in Bitcoin and everything together keeps it alive.
Old investors and professionals trust Bitcoin in dips but newbies always sell it. I think that no trust will fix this issue when newbies turn on their panic mode.

[Tmoonz]

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?

Actually answering this question is going to be very personal to every individuals, anyone ever considering venturing in to Bitcoin I usually say must come personal conviction and decision not because it is what every one else seems to be doing or talking about, that is the only way one can make informed decisions as regards to trusting in Bitcoin even in dips. But however, considering Bitcoin for a long term investment requires certain level of commitment as regards to not getting worried over the dips but will rather utilize such opportunity and buy more Bitcoin in order to increase their the size of their holding.

[lizarder]

Yes, I also believe that, the ones who hold Bitcoin for minutes or hours aren't actually hodlers but traders who want to make profit from their investment as soon as possible and once they see the profit they sell their holdings. I know such people can be called as holders but hodler term doesn't suit such people.

When it comes to drip buying then that's the best time for someone to accumulate Bitcoin and trust me many people invest in Bitcoin when they see the Dips and some of those make profit from it when it moves upward in value after the market stabilization.

Basically when someone is involved in long-term investment then someone will never sell it until the specified price has not been reached. Holding is a holder who tends to take advantage of the next ATH and from there they seek maximum profit for the investment they are making. When people want to get profit as soon as possible in investment then it means they are not long-term holders but short-term investment or involved in trading.

Generally everyone will definitely take advantage of the decline to accumulate purchases and will take advantage of the increase to seek profit. That is a common thing and almost most people do such a strategy in running investments. As long as it can be used to generate profits, then use any strategy to generate profits.

[Blitzboy]

Bitcoin isnt just another crypto plaything.  A revolutionary idea thats here to stay. Do we panic in market downturns? No. We double down. Why? Bitcoin is about more than profit. Take charge of your finances. It requires faith in something greater. Be part of a world-changing movement.

Hodling goes beyond internet memes. Bitcoin's long-term potential is affirmed. It shows its unflinching trust in its ability to upset the established quo and create a fairer, more transparent financial system.

The market will fluctuate. Beasts are like that. Every dip is a chance. Ability to buy more, enhance your position, and demonstrate your long-term commitment. The revolution is your goal.

Allow skeptics to panic. Let them doubt. We know what we're building. We see the larger picture. We wont surrender. Bitcoin has a bright future.

[retreat]

As real use cases for bitcoin increase - the most important thing you can judge is that user trust in bitcoin increases. User trust and adoption growth should go hand in hand - meaning, if adoption is low then user trust in bitcoin is also low ^{[especially as a currency or means of payment].}

Bitcoin price volatility does not reflect a decline in confidence in real use cases - volatility is caused by trader activity in the market. High prices do not reflect massive growth in real use cases - the same is true when prices down, not because of the weakening of user trust in it.

What you said makes sense, because if Bitcoin adoption increases, then it is a result of increasing trust in the potential of Bitcoin. Conversely, if Bitcoin adoption decreases, then it is clearly a result of people's trust in Bitcoin decreasing and causing many people to abandon and sell their coins.
For Bitcoin price volatility, it is a result of the buying/selling movements of traders who are actively trading, and we cannot conclude that Bitcoin is not trustworthy just because the price volatility since then does not represent people's trust in Bitcoin.