Does intent matter?

[Bitcoin_people]

There are a lot of new investors in the space currently. Almost everyone now knows of bitcoin. Some too well while some maybe not too much. But for the people who buy bitcoin, I am sure we all have different reasons for wanting to buy. Does the intention why you bought bitcoin in the first place matter?

I would say yes. If your intent is to keep up with the trends and make easy money then you are most likely to give up immediately and be attacked by FUD easily. But if you truly believe in bitcoin and its fundamental characteristics then you can stick with it against the bear market.

There is no specific reason why people buy Bitcoin because they only invest in Bitcoin to become financially successful and achieve financial freedom. Bitcoin is a store of value, if you invest here, you must do it with faith, of course you can succeed from here. But you need to understand everything before investing in science and analyze it, moreover, if you invest in Bitcoin, you have to hold it for a long time. If you have the intention to do Bitcoin for a long time, then of course this is an important thing, it is the easiest method and less risky than trading during the day. Every person has one reason, he will invest and hold it for a long time, one day he will get good returns from it, this is an important thing for every investor.

[Mpamaegbu]

If your intent is to keep up with the trends and make easy money then you are most likely to give up immediately and be attacked by FUD easily. But if you truly believe in bitcoin and its fundamental characteristics then you can stick with it against the bear market.

At the end, everybody's intent of investing in Bitcoin (apart from Satoshi, the creator who didn't buy but owned it) is to make money. No matter how we want to go round in circles and deny that it wasn't our primary intention, our conscience will disagree with us on that. There's a reason that word – investment – exists. It's for advantage to the investor. This is also what Bitcoin gives its investors. We shouldn't be ashamed to admit it.

Bear market will come and losers will cry foul play. Bull market will come and early investors will be in a glee. In all, both conditions are good for Bitcoin. None is better or worse than the other. It's healthy for the industry.

[Lot.sch]

Does intent matters – who cares? If you hold a gold coin in your hand or stored a BTC in your cold wallet – you own it. And yes, values increase because of scarcity resulting in capital gains the motivation for many. But by comparison with shares, property titles, fiat in the bank,.... you don’t own them because of central control.
De-banking by freezing your savings is a good example. Gold and BTC as payment option can be exchanged into something that finance your lifestyle independently from central force. That is why Gold is a registered asset and bitcoin hated if you hold it in possession. Bitcoin is the freedom of choice managing capital gains and the independent lifestyle if you get the numbers right. 

[BitGoba]

There are a lot of new investors in the space currently. Almost everyone now knows of bitcoin. Some too well while some maybe not too much. But for the people who buy bitcoin, I am sure we all have different reasons for wanting to buy. Does the intention why you bought bitcoin in the first place matter?

I would say yes. If your intent is to keep up with the trends and make easy money then you are most likely to give up immediately and be attacked by FUD easily. But if you truly believe in bitcoin and its fundamental characteristics then you can stick with it against the bear market.

There are only two groups of people those who understand what Bitcoin is and those who don’t. Those who understand Bitcoin see it as the best form of money humanity has ever had. They use it as a savings account to protect themselves from the inflation of fiat currencies and to preserve their capital. Meanwhile, those who don’t understand see it as just another scheme for speculation and quick profit. You can’t truly understand Bitcoin without understanding the fiat system and money. That’s why I recommend everyone to study the history and evolution of money

[Plaguedeath]

I don't know why we have to make it complicated by looking at the psychology.

Intention or not, it's all about the skill. I think it's possible for someone to get rich quick using Bitcoin, as long as they trade on futures with high margin. Either go rich or go broke, but we're talking about possibility, it's definitely possible if someone always correct to in-out.

However, most people don't have that skill including myself, which ended up to be long term holder because it's safer.

[Alone055]

I don't know why we have to make it complicated by looking at the psychology.

Intention or not, it's all about the skill. I think it's possible for someone to get rich quick using Bitcoin, as long as they trade on futures with high margin. Either go rich or go broke, but we're talking about possibility, it's definitely possible if someone always correct to in-out.

However, most people don't have that skill including myself, which ended up to be long term holder because it's safer.

Considering the risks involved, futures trading is not suitable for those who don't have backup funds to support them if the market decides to go against them. You have to make every single trade with a tight stop-loss if you are using high leverage because you can't risk losing all your capital at once, only in pursuit of getting higher profits within a short period. People lose millions of dollars in futures trading, but they are the ones who can afford to lose that much, and they know they can make it back if a few of their trades work out after that.

The dream of getting rich through crypto trading is intriguing, but it comes with possible consequences, like the one we just mentioned. When you decide to go on a path where you will either reach your destination very quickly, or make it go even farther because of your actions not working out and pushing your target ahead. Futures trading is a similar path for crypto traders; if it works out for you, you could get rich, given that you are using a high margin with high leverage. However, if it doesn't work, you will go steps backward because you will lose all your money and will have to start from point zero again.

[davis196]

There are a lot of new investors in the space currently. Almost everyone now knows of bitcoin. Some too well while some maybe not too much. But for the people who buy bitcoin, I am sure we all have different reasons for wanting to buy. Does the intention why you bought bitcoin in the first place matter?

I would say yes. If your intent is to keep up with the trends and make easy money then you are most likely to give up immediately and be attacked by FUD easily. But if you truly believe in bitcoin and its fundamental characteristics then you can stick with it against the bear market.

Nah, there's only one reason most people buy Bitcoin. Price growth. Imagine that Bitcoin price being stagnant(which means BTC will be losing value). Would anyone buy this asset/currency? I don't think so. Intentions don't matter. What matters the most are results. Even the most hardcore BTC HODLers could decide to sell. The people, who get scarred away by FUD are going to lose money, but this is good news for the experienced traders, who are making profits out of other people's losses. The crypto markers are a zero sum game, just like the stock market.
I don't "believe in Bitcoin" as if Bitcoin is some kind of religious cult. I believe in common sense and proper market analysis. If you think that Bitcoin is some kind of religious cult then you are no different than the brainwashed Gamestop shareholders.

[michellee]

My intention is to have many Bitcoins after I know the benefits. I don't follow the trends but I bought Bitcoin because Bitcoin is my investment. I know that earning money from Bitcoin is not easy and takes time so I can accept that and just focus on accumulating Bitcoin. I trust Bitcoin and take it easy with the bad news.

But I don't blame those who buy Bitcoin for profit. That is normal because they have their goals and want to achieve them. We see that Bitcoin price will always go up and down so when they can use that for their benefit, they will make a profit.

[john_egbert]

My intention is to have many Bitcoins after I know the benefits. I don't follow the trends but I bought Bitcoin because Bitcoin is my investment. I know that earning money from Bitcoin is not easy and takes time so I can accept that and just focus on accumulating Bitcoin. I trust Bitcoin and take it easy with the bad news.

But I don't blame those who buy Bitcoin for profit. That is normal because they have their goals and want to achieve them. We see that Bitcoin price will always go up and down so when they can use that for their benefit, they will make a profit.

Those who don't understand what Bitcoin is won't be able to hodl it properly, and would probably not be able to do this for a year, or even years, as it would be needed.

[Mpamaegbu]

Nah, there's only one reason most people buy Bitcoin. Price growth. Imagine that Bitcoin price being stagnant(which means BTC will be losing value). Would anyone buy this asset/currency? I don't think so.

Of course not, people won't be interested in hodling it if price were to be stagnant (even without being eaten up by inflation). Virtually everyone is in this industry because of the lure of great ROI it offers to investors when it goes well. This brings us to the asset nature of Bitcoin that's more valued than its originally conscripted payment nature – P2P. I don't know why people are shy to admit that it's the "price growth" that attracts them to Bitcoin. I find a lot of arguments on that, of people saying it's the tech. That's not entirely true, whether they admit it or not.

[Obim34]

I would say yes. If your intent is to keep up with the trends and make easy money then you are most likely to give up immediately and be attacked by FUD easily. But if you truly believe in bitcoin and its fundamental characteristics then you can stick with it against the bear market.

If Bitcoin is not going to fulfil my long term goal then i don't have any interest in it, using Bitcoin as payment is more like a secondary use for me, my primary intent for Bitcoin has been for investment purpose, if Bitcoin wasn't appreciative as it is, there will be fewer people interested in the market.

Not everybody's intent is supposed to align, some trade with Bitcoin (short term benefits)while some use it as payment option (short term benefits), but all investors should be holders with intention of Bitcoin generating ROI.

[henry_of_skalitz]

Nah, there's only one reason most people buy Bitcoin. Price growth. Imagine that Bitcoin price being stagnant(which means BTC will be losing value). Would anyone buy this asset/currency? I don't think so.

Of course not, people won't be interested in hodling it if price were to be stagnant (even without being eaten up by inflation). Virtually everyone is in this industry because of the lure of great ROI it offers to investors when it goes well. This brings us to the asset nature of Bitcoin that's more valued than its originally conscripted payment nature – P2P. I don't know why people are shy to admit that it's the "price growth" that attracts them to Bitcoin. I find a lot of arguments on that, of people saying it's the tech. That's not entirely true, whether they admit it or not.

Many things may attract people to BTC, and the price fluctuations and long-term results are some of those, but to each - his own.

[Localhostspeed]

My intention is to have many Bitcoins after I know the benefits. I don't follow the trends but I bought Bitcoin because Bitcoin is my investment. I know that earning money from Bitcoin is not easy and takes time so I can accept that and just focus on accumulating Bitcoin. I trust Bitcoin and take it easy with the bad news.

But I don't blame those who buy Bitcoin for profit. That is normal because they have their goals and want to achieve them. We see that Bitcoin price will always go up and down so when they can use that for their benefit, they will make a profit.

Having full Bitcoin, having half and having it because of profits all going to serve the same purpose, if Bitcoin is not giving profits, I don't think there is going to be a discussion about it. The main reason the institutional investors have put all their mind in it is because of this profit, everyone want to have a financial advantage over the traditional assets because Bitcoin looks better and smarter.

I don't have Bitcoin yet but one day, I will have much of it and it's going to serve my purpose and the first one of it is that profit many people are after.

[Leahized]

There are a lot of new investors in the space currently. Almost everyone now knows of bitcoin. Some too well while some maybe not too much. But for the people who buy bitcoin, I am sure we all have different reasons for wanting to buy. Does the intention why you bought bitcoin in the first place matter?

You say we all have different reasons for buying Bitcoin but how reasonable it is. As much as I can say in this case, those who buy Bitcoin know about Bitcoin and are fairly aware of what the price of Bitcoin will be in the future. I will never agree with you. I have a lot of people who trade. And it has been for many years but they never left it. However, yes trading increases the risk of money and the market is not always under control. So most of the markets are monitoring and monitoring. So that all kinds of steps can be taken before the bad times come.

[Guccho]

There are a lot of new investors in the space currently. Almost everyone now knows of bitcoin. Some too well while some maybe not too much. But for the people who buy bitcoin, I am sure we all have different reasons for wanting to buy. Does the intention why you bought bitcoin in the first place matter?

I would say yes. If your intent is to keep up with the trends and make easy money then you are most likely to give up immediately and be attacked by FUD easily. But if you truly believe in bitcoin and its fundamental characteristics then you can stick with it against the bear market.

Intent definitely matters. When a buyer purchases Bitcoin as a speculator to make a quick profit, he/she typically panics when the first fluctuation occurs and sells at a loss. However, the ones who know about the purpose of the creation of Bitcoin and its scarcity, the absence of the centralised system, and its position as a substitute financial system, will be able to withstand the cycles. It is evident in history that early investors who concentrated on fundamentals instead of hype are the ones who weathered several crashes and emerged better. Ultimately, attitude is the key to entry price since it is what makes you not shaken by temporary noise.

[Japinat]

I don’t see any reason why people are opted to buy and accumulate bitcoin, but to make profitable earnings just like those early bitcoiners who have been successful now and highly profitable with bitcoin. Most particularly for these new investors who rush to invest in the market, who easily risk their hard-earned money in exchange for quick profits, which is a very wrong mindset because there is no quick and rush with bitcoin, everything should be plan long-term and should be carefully and wisely navigated because of how risky it is.

[Onyeeze]

If you say everyone has a different reason for buying bitcoin then I doubt because judging from our activities it seems we all wanted bitcoin because of its ability or capability to appreciate or give a return of investment or make profit out of it, furthermore we can then separate this general need or desires by technological details or inbuilt of bitcoin hence I argue anyone has something different then profit making in mind.

OP is right with his opinion from my understanding, because we have a divers reasons why we buy bitcoin, do you know that they're people who bought because of gambling, they wants to use bitcoin to funds their casino gambling platforms " that's the reason they bought bitcoin " why some other people, the reason why they bought bitcoin is because they wants to hold bitcoin for future purposes, so that's the reason why the bought bitcoin, so every body have different reason reasons of buying bitcoin, some bought for short-term investment,  so different reasons that makes people to buy bitcoin are there.

[Sonia_123]

There are a lot of new investors in the space currently. Almost everyone now knows of bitcoin. Some too well while some maybe not too much. But for the people who buy bitcoin, I am sure we all have different reasons for wanting to buy. Does the intention why you bought bitcoin in the first place matter?

I would say yes. If your intent is to keep up with the trends and make easy money then you are most likely to give up immediately and be attacked by FUD easily. But if you truly believe in bitcoin and its fundamental characteristics then you can stick with it against the bear market.

Remember bitcoin was made as an alternative source to ease us from our traditional currency stress to make our transactions easy without stress.
Everyone has their reason for involving in bitcoin, but I will say that majority are for the profit either you being a trader or an investor, only few persons like the business men that might be really be using it for transaction payment of their business for their goods and services, few for academics and tuition fees for those schools that accepts bitcoin , bitcoin also serves as an edge over inflation of various countries.

[JeffBrad12]

There are a lot of new investors in the space currently. Almost everyone now knows of bitcoin. Some too well while some maybe not too much. But for the people who buy bitcoin, I am sure we all have different reasons for wanting to buy. Does the intention why you bought bitcoin in the first place matter?

I would say yes. If your intent is to keep up with the trends and make easy money then you are most likely to give up immediately and be attacked by FUD easily. But if you truly believe in bitcoin and its fundamental characteristics then you can stick with it against the bear market.

Intent matter but analysis matters too. If your intention is to make money by flipping and you're good at analyzing, you will know those fuds are just fuds and means nothing in the long run. I personally buy bitcoin to hedge against inflation while having explosive growth, as a result even if someone famous fudding it I just don't care.

[fuguebtc]

If your intent is to keep up with the trends and make easy money then you are most likely to give up immediately and be attacked by FUD easily. But if you truly believe in bitcoin and its fundamental characteristics then you can stick with it against the bear market.

At the end, everybody's intent of investing in Bitcoin (apart from Satoshi, the creator who didn't buy but owned it) is to make money. No matter how we want to go round in circles and deny that it wasn't our primary intention, our conscience will disagree with us on that. There's a reason that word – investment – exists. It's for advantage to the investor. This is also what Bitcoin gives its investors. We shouldn't be ashamed to admit it.

Indeed, our sole purpose in coming to bitcoin is profit, nothing else. But many people don't dare to admit it and give hundreds of reasons that they care about decentralization, privacy...But no matter what excuses they make, they cannot hide their real purpose of making money.
The world is becoming more pragmatic, money is put first and without money we will have nothing in this world. Money and wealth are not just the goals of one person but of the whole world. So, you're right, there's no shame in admitting it.

Bear market will come and losers will cry foul play. Bull market will come and early investors will be in a glee. In all, both conditions are good for Bitcoin. None is better or worse than the other. It's healthy for the industry.

That is the nature of financial markets and the bitcoin market is no exception. There will be winners and losers, and we'll soon find out when bear season arrives.