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

[Troytech]

The term HODLER can mean different things depending on what we understand it to be. Some people see the term HODLER as anyone holding Bitcoin in their custody while others see it as holding Bitcoin for a long term. I have used the term for both scenarios and the people i communicated with understood it very well.

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.

I think it is Bitcoin and its features not price history or adoption. Before people started accepting and adopting Bitcoin have you ever thought about what brought trust in the coin? Do you think it is Satoshi, the feature of the blockchain, or the global hype of digital technology and how it will revolutionize traditional finance?

[Alpha Marine]

I don't totally agree that as long as you have Bitcoin in your wallet you can be referred to as a HODLER. I can have Bitcoin and my wallet that I was to use soon or something like that, but that doesn't make me a hodler.
The term HODL means "Hold on for dear life". Having Bitcoin that you want to sell in a week or a month or whenever the price goes up a bit to make a profit isn't holding.
Techopedia defined a bitcoin hodler as "A Hodler in the cryptocurrency world refers to an individual who holds onto their digital assets for the long term, regardless of market volatility." so I don't think you can be termed a hodler if you don't have plans to hold bitcoin for long term.

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

I don't have any stats to back it up but I don't think adoption has anything to do with it. I believe what has made people have more trust in Bitcoin is the experience and the history Bitcoin has had. It doesn't matter if the whole world owns some bitcoin in their wallet, people won't trust it if they don't know what it is and what the dip means =s for bitcoin.
Previously whenever negative news about bitcoin came up, more people panick sell and bitcoin price was affected heavily but now it's not like that anymore. Even if people still panic, it's not as much as it used to. Take the instance of the German government selling off their bitcoin for example. It had its effects but it was that much. If that was 5 years ago, it would have a much bigger effect on Bitcoin. 

[Rockstarguy]

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?

People don't panic when the price of bitcoin goes dip because bitcoin have already proved it reliability and trust to investors since it existence, unlike some coins that only exist just for sometime and got crashed.

The dip in bitcoin is never a threat but an opportunity to buy more bitcoin to hodl. One of the things that has made people to trust bitcoin even in the dip is the decentralized nature of Bitcoin and you find this in other coins. The security in bitcoin has also contributed trust in users to invest in bitcoin even in the dip without have any fear.

[uneng]

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

No, during the dips Bitcoin doesn't inspire confidence among investors, because a tendency of uncertainity takes place in the market, especially during those dips which happen suddenly, and no one can answer the reason why it's happening. The last big dump we had is an example of that.

And the category of investor which gets more fearful is the newbie one, since they aren't used to the logics of this market yet, neither have previous experiences in past cycles. For the experienced investors, the impact is much smoother, because they have already seen similar scenarios happening in previous years, so they know that despite the dips, Bitcoin still perform nicely on long term.

Short term trust is always complicated, due to the market's volatility and unpredictability, but on long run Bitcoin is doing well as an edge against inflation and devalued fiat currencies.

[Solokan]

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

when I invest in bitcoin and adoption bitcoin I personally do not panic when the price drops and I believe investing in bitcoin will have great potential to gain profits in the future because its supply is limited and of course we have seen that bitcoin never disappoints its holders because btc always makes new ATHs so that is one of the strong reasons for people who adopt btc and of course so far I personally have never been disappointed with btc and I am sure that our friends in this forum must also be mostly not disappointed with investing in btc or adopting btc as long as they are patient and only money that is ready to be lost is using to buy btc.

but indeed for beginners and lack of insight will definitely panic when they see the price of btc fall and finally sell it even though the loss is because they sell it at a low price but buy when the price high But for those who are experienced in BTC, of ​​course they will not panic because they believe that the price of BTC will rise again as long as they wait patiently.

yes of course there is a difference when we adopt btc and adopt Altcoin of course there is a difference and of course I personally as a small investor and beginner in btc say that btc is certainly very good and of course I personally have never been disappointed by btc. So yes, even though the price of BTC is dropping, I personally remain calm and I am sure that people who are experienced in BTC will also be calm when they see the price of BTC drop.

[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.

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…!

How do you mean we don't have a place to spend Bitcoin directly? Bitcoin is a digital currency and according to its developer, Bitcoin is to be used for p2p transaction among the community who has agreed to use the coin. The whole world must not accept Bitcoin before you can agree that it has been adopted, Bitcoin ATM must not be very rampant before you agree that Bitcoin is being adopted.  I know that the number of people in the world that have not yet accepted Bitcoin are many but it doesn't limit Bitcoin's growth.

[mv1986]

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?

It could still be called holding if you have some Bitcoin on an exchange. The risk of losing it is just higher unless you have no idea how to properly handle wallets. Then holding them on an exchange temporarily might still be a superior option to not own any at all.

But the talk is always about Bitcoin and what HODLing means. It is the same as for anything else you can own. If someone buys a piece of art and wants to flip it in a week from now, then in my opinion it is gambling. Neither trading nor investing, it is gambling. But if someone decides to gamble, why not just play roulette or something. Bitcoin isn't made for flipping within a very short period of time. Countless of people burnt their fingers trying that.

And yes, Bitcoin is obviously very trusted or otherwise these dips wouldn't have gotten smaller over time. When we saw 55k this time, I bet a lot of people thought it would be possible to go far lower and yet again it didn't happen. Holding is worth it as it managed to bounce back so often now. Probably some people will be disappointed if their buys can't be sold for double the money a short period of time later and while these possibilities did exist plenty in the past, it is now too valuable to easily double in value in no time. Still possible, but not as likely to go from 60k to 120k like it was from 1k to 2k.

But more importantly people should compare it to other options. Amazon shares won't give them a double up in a short period of time either.

[Churchillvv]

Who said people don't panic? alot of people outside this forum are literally screaming because of the current movement of bitcoin having an inconsistent flow, the fact that you see people try to maintain their stand with bitcoin not complaining too much of the dips doesn't mean they are comfortable with it.

However, the current rate of adoption only increases the confidence we have in bitcoin but looking at the history of bitcoin the dips seems not to be considered an issue anymore only to some people but a reason or an opportunity to invest more in bitcoin and but because we have seen bitcoin we recover so much we trust bitcoin even in the dips.

[SamReomo]

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.

Yes, most profitable traders and investors buy during the dips and hold that bought coins for sometime until they make some profits from that holding. Most people call such investors as whales because during the dips they accumulate so many coins and when market becomes stable then some of them take their profit at 1% while others hold to earn 5% to 10% profit.

[KingsDen]

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.

Hello Mia, you are wrong here. What you described is not the concept of HODLing. Maybe you haven't stumbled on the famous I AM HODLING post. You would have understood the true concept of HODLing.

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

No, bitcoin earn its trust naturally because of its consistency over the years. People naturally trust new things when they are getting older and keeping to their promises.

[MarjorieZimmermanGinger]

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.

It should be when the price is hit and becomes cheaper in each period it becomes an advantage because it can be purchased to the maximum. Why don't people want to see a decline because they don't understand the concept of holding and they only know the price increase. If we understand the conditions of the bitcoin cycle, the price pressure caused by the decline will be the best opportunity and we can accumulate much more of the bitcoin asset ownership that we have.

Most people understand the theory of holding but it is difficult to apply or they may not be able to see holding as an effort to generate maximum profit in the next ATH period. About trust in bitcoin and it grows based on the history that has occurred where the journey of bitcoin has shown rapid progress in its investment to date.

[Bloodseekers]

Who said people don't panic? alot of people outside this forum are literally screaming because of the current movement of bitcoin having an inconsistent flow, the fact that you see people try to maintain their stand with bitcoin not complaining too much of the dips doesn't mean they are comfortable with it.

However, the current rate of adoption only increases the confidence we have in bitcoin but looking at the history of bitcoin the dips seems not to be considered an issue anymore only to some people but a reason or an opportunity to invest more in bitcoin and but because we have seen bitcoin we recover so much we trust bitcoin even in the dips.

When someone panics when they see the price movement of Bitcoin which is decreasing of course they do not have a good plan for the investment that is being carried out because when someone has decided to invest in the long term of course they are ready for all situations that are happening and will also maintain their assets well and even some who have more funds will add to their investment assets.

With many parties who have trusted Bitcoin as a profitable investment asset in the long term, this will continue to increase the confidence of those who are just starting to invest their funds in Bitcoin because we can all see that since its inception until now Bitcoin has continued to increase even though there has been a price decrease but it will increase again and can even exceed the previous price.

[OcTradism]

When someone panics when they see the price movement of Bitcoin which is decreasing of course they do not have a good plan for the investment that is being carried out

I am sure with you that most of people who are newbies in this market do feel panic when they witness very first market corrections or crashes. No matter how deep your due diligent research on this market, how well planned you made for your investment position, you will do feel panic. Reading something on paper, online and about the past is very different from what you are actually witnessing by yourself and related to your own money.

To be calm and nearly not affected by market correction or market crash, a person as investor must be in this market with invested money for a long time like several years and already went through bear market too.

[mirakal]

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

It does, but it depends on the mindset of the person. Those who hold their bitcoin during dips certainly trust that it recovers back. But those who sold certainly had uncertainties in mind. 

We witness a continuous adoption and will simply tell us that more and more people tend to understand the situation as well. Uncertainties arise when we don't have an absolute reason why we are here, and this is a common problem for most as they invest without knowledge. Honestly, the main reason why bitcoin exists until now is because a lot of people trust it despite the nature of the market. That is why I never find dips a reason to distrust bitcoin because that is how the market works and we can't change this.

[Antotena]

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

When Bitcoin dip and people sell, the diamonds hands will always hold their Bitcoin no matter the sentiment of the market and what the general public thinks about Bitcoin. What I understand about this market is that there are traders, there investors and there people who do short term trading and full trading. All this together encompasses how the market react when there is a FUD, you can't really tell them not sell because they have to manage their risks well enough.

The advantage of these people is that they also contribute when there is a run in the Bitcoin bull run. They rush to sell theirs is a bad news and they rush back to join the trend when everywhere is soft in the Bitcoin market directly or indirectly helping boost the market liquidity and also increasing the trading volume. Irrespective of what the market says, there will be sellers in every situation of Bitcoin market.

[Ryu_Ar1]

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?

People don't panic when the price of bitcoin goes dip because bitcoin have already proved it reliability and trust to investors since it existence, unlike some coins that only exist just for sometime and got crashed.

The dip in bitcoin is never a threat but an opportunity to buy more bitcoin to hodl. One of the things that has made people to trust bitcoin even in the dip is the decentralized nature of Bitcoin and you find this in other coins. The security in bitcoin has also contributed trust in users to invest in bitcoin even in the dip without have any fear.

It might happen for those who do have a level of confidence because they have experienced a decline before, but we need to know that this is still the same for those who are new because panic is a natural thing for some people, especially those who are new who sometimes do not have much experience and only rely on theory when basing their beliefs.

So that not a few people still experience problems in the uncertainty of being in bitcoin for a long time and think that bitcoin is very dangerous because they are not really sure about bitcoin and they also only do this without proper preparation in terms of mentality and learning which makes the panic even greater because their initial expectations do not match what happened even though it is a process that they must go through before.  Confidence will be felt more when someone has experienced a significant decline and increase again and that also happened to me right now when I felt a decline that I thought was extraordinary because I only felt it for the first time when bitcoin touched a price of $15k last year and returned to this price making me more confident that bitcoin even though the risk is clearly very much there but it is very worth it to be used as a future investment.

[Obim34]

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

No, bitcoin earn its trust naturally because of its consistency over the years. People naturally trust new things when they are getting older and keeping to their promises.

How do we get to say No, both opinions as said by you and OP are definitely correct, I feel the correctness in what OP said from what I know, Bitcoin started on the stance of criticism, low/fewer adoption compared to what we have now as we can see yet new investors joining the Bitcoin market during the DIP, sometimes not because they naturally choose to but perhaps from a closer person newly adopting Bitcoin tends to intrigue them into joining aswell. Now it won't just be based on that alone but they will choose to do some more research to understand better, there they find the trust and consistency from history till date which aswell motivates them the more into investing.

[Churchillvv]

Who said people don't panic? alot of people outside this forum are literally screaming because of the current movement of bitcoin having an inconsistent flow, the fact that you see people try to maintain their stand with bitcoin not complaining too much of the dips doesn't mean they are comfortable with it.

However, the current rate of adoption only increases the confidence we have in bitcoin but looking at the history of bitcoin the dips seems not to be considered an issue anymore only to some people but a reason or an opportunity to invest more in bitcoin and but because we have seen bitcoin we recover so much we trust bitcoin even in the dips.

When someone panics when they see the price movement of Bitcoin which is decreasing of course they do not have a good plan for the investment that is being carried out because when someone has decided to invest in the long term of course they are ready for all situations that are happening and will also maintain their assets well and even some who have more funds will add to their investment assets.

I don't know what you think is a good investment but a short term investment could also be seen as a good investment, I most not follow the multitude in my actions, so when you are planning on short term investment it could be a bit tempting to panic. although I do not encourage short term investment in bitcoin because it's more interesting to invest and take more time to put more into your investment and during this period you will have all the time and space to do whatever you chooses.

Perhaps I do have a big trust in bitcoin so whatever happens I don't panic because I'm not planning to take my investments and time soon so it could be there for as long as I'm not taking profit yet.

[alastantiger]

The advantage of these people is that they also contribute when there is a run in the Bitcoin bull run. They rush to sell theirs is a bad news and they rush back to join the trend when everywhere is soft in the Bitcoin market directly or indirectly helping boost the market liquidity and also increasing the trading volume. Irrespective of what the market says, there will be sellers in every situation of Bitcoin market.

Having sellers in the market isn't that bad of a thing because they are playing their part in the market. With more adoption, more people are going to trust Bitcoin and that is what is happening now as we have more people believing in Bitcoin. As more people trust Bitcoin, they'll invest and this will drive up the price of Bitcoin hence everything is working to help Bitcoin to increase in price. People selling Bitcoin are only doing a harm to their own self because it is them that will lose their Bitcoin for fiats that don't have any value. Hoarding fiats is the worst form of investment.

Bitcoin adoption didn't happen fastly, it took time for people to start believing in Bitcoin in larger numbers but there were still some true believers and for those that bought Bitcoin during that time, they are now millionaires.

[tread93]

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?

It seems like there is general acceptance of bitcoins volatility as of late simply because it has had so many ups and downs and you know highs and lows that maybe folks are beginning to get used to it.