Bitcoin doesn’t fail people.... People fail bitcoin

[EL MOHA]

Do you know the set of people that are much worse?... Those who just don't like Bitcoin despite not having any personal experience... Lol, but that aside, the thing is, everything that concerns Bitcoin is not new, from volatility, to avoiding scams, to negative sides of Cex platforms, etc, these things aren't actually new. A lot of people just fail to recognize the fact that they exist, so they end up becoming victims of their own ignorance. The earlier people start to recognize all these things, the better for them.

I don’t even think they are worse because the people I think that are worse are those self acclaimed influencers who have hate for bitcoin even though they know the truth about it and instead of actually admitting their mistakes to their audience they prefer to actually just stick with the narrative they have spread all this years, just to stay relevant, this are the real enemies of bitcoin.

One thing I have come to realize about people who actually blame bitcoin when something goes wrong either through bad investment or got scammed is that humans do not want to be accountable for their own actions which lead to mistakes. That’s why you see someone who actually lost $200k due to having it on hot wallet blames bitcoin for it

[barbara44]

That is very true, and I have been saying this for a very long time. There are so many people who trade very badly at the very wrong times and they blame bitcoin and crypto and call it a scam when in fact it was their own stupidity that caused their own situation.

I have to say that when you are dealing with this, it's smarter to stay away from it as much as possible and ignore those kinds of people. They will always blame something else or someone else, I have seen some people invest into shitcoins I have never heard of, and then blame crypto being a scam as the reason why they lost all their money. I am sorry but if you are investing into something nobody heard of, and then you blame the market, that is your own problem.

[WatChe]

That is very true, and I have been saying this for a very long time. There are so many people who trade very badly at the very wrong times and they blame bitcoin and crypto and call it a scam when in fact it was their own stupidity that caused their own situation.

I have to say that when you are dealing with this, it's smarter to stay away from it as much as possible and ignore those kinds of people. They will always blame something else or someone else, I have seen some people invest into shitcoins I have never heard of, and then blame crypto being a scam as the reason why they lost all their money. I am sorry but if you are investing into something nobody heard of, and then you blame the market, that is your own problem.

Bitcoin investment is not just buying the dip and selling when it goes high. You have to carefully understand the Bitcoin investment strategy and then act accordingly. Your bitcoin investment will be successful only if you are willing to invest and then wait for long term like 5 years or more. Those who think that they will invest today and after a month or two they will get huge profit are the one who call bitcoin a scam. Those who understand that Bitcoin is for long term are the real winners.

[YOSHIE]

I believe one big problem in Bitcoin is that people blame Bitcoin for mistakes they made themselves…

Most of us are impatient in the process of subscribing to Bitcoin, whether it's the investment or trading side, many of us are not aware of it, because we often blame Bitcoin for everything.

The reality of real Bitcoin has shown some evidence from year to year, such as halvings and new price changes, but we are not aware of that, even though we always ask when the halving is and so on, but we never learn about it all.

We can see that two years before the halving occurred, many people bought and kept Bitcoin, unfortunately when the Halving occurred, Bitcoin assets went to zero, which is what we often do ourselves.

[Finestream]

In all angles, I always see bitcoin as an asset, an opportunity to make money and grow. But people misinterpret it. Instead, they think bitcoin is a get rich quick tool and take leverage hoping that once they invest in huge amount, invest even without understanding its nature first, they will still land with massive profits. But then losses came, and ruin all their expectations, and start seeing bitcoin as a big scheme.

Its not bitcoin that does not meet their plans and goals, but its their own wrong mindset and negative traits that lead them to experience the losses from bitcoin. Bitcoin offers opportunities to the people, but people do not take these opportunities the right manner.

[taufik123]

A very classic excuse when someone stupid loses profits from Bitcoin because of their own fault and says Bitcoin is a scam.
People who say this kind of thing don't actually know anything about crypto and how Bitcoin works.

This will not affect Bitcoin's reputation because it is a common thing, when fools who lose a lot trying to buy Bitcoin then panic by selling Bitcoin at a low price.

There are still people who say that Bitcoin will also reach the price of ZERO, but the fact is that Bitcoin continues to rise,
The current decline is just a correction of the current effects of the global economic phenomenon.

[Dex_master25]

I think most persons like to learn from their experiences first before settling to learn the actual knowledge that is needed before getting profits from an investment in Bitcoin. Many of the times, experience ain't always the best teacher because even though the lesson might be taught, one may not live to tell the tale or learn the lessons from it.

Joining this forum from a beginner stage and growing through the ranks is a great way to keep ones learning about Bitcoin investment on point and more focused because within here alot of knowledge and experience from others is learnt and put into practice and that's how one gets to know which of cryptocurrencies investment is very profitable for long term or for short term gains.

[Marykeller]

Not understanding the concept of Bitcoin has made many people think of Bitcoin as what would make them rich quickly. They normally don't think about the risk involved. All they care about is the profits they are to get in the short term. If that didn't happen as anticipated, they look for whom they will blame, if not those who introduced them to Bitcoin investment, they blame it on Bitcoin, for investing with their hard-earned money after hearing many hypes that Bitcoin would make them rich in a given time.

It's unfortunate that the wrong mindset and belief about Bitcoin to be get rich scheme wouldn't stop being told in people's mouths for those who misunderstand Bitcoin to be another means of payment and a hedge against inflation, not for poverty alleviation investment for the poor

[serjent05]

A very classic excuse when someone stupid loses profits from Bitcoin because of their own fault and says Bitcoin is a scam.
People who say this kind of thing don't actually know anything about crypto and how Bitcoin works.

Not all of them does not kow about Crypto or how Bitcoin works,  some even know more about Bitcoin than people who just know basics.  They just wanted to blame things to others so that they can justify that they did nothing wrong.

This will not affect Bitcoin's reputation because it is a common thing, when fools who lose a lot trying to buy Bitcoin then panic by selling Bitcoin at a low price.

If reputation is how others look at Bitcoin, then yes, it will affect Bitcoin's reputation.  We can see the proof on its price fluctuation.  When someone spread FUD, it affects Bitcoin reputation, others will think that its a doomsday for Bitcoin and sell their stash. 

[Shineup]

I've come to believe the real problem isn’t bitcoin volatility… it’s people wanting freedom without discipline.

You are correct because most of the people who claim they lost money investing in Bitcoin are either ignorant or impatient. Some of them ended up selling their Bitcoin because of FUD. There is no way you can lose money investing in Bitcoin if you didn't panic sell. This is because Bitcoin has always beaten its ATH in every bull market. So anyone who is patient will make profit if he keeps the coin for a longer period. Discipline, planning and patience are important in dealing with in Bitcoin. Having an emergency fund should be part of the planning process to avoid sudden dumps due to uncertainties.

FUD have always been an unseen weapon that points to weak hands and they will rush and sell their Bitcoin instead of holding it firmly, many speculations are unfounded and if you keep listening to them you will sell your Bitcoin prematurely. Bitcoin has not failed and as a matter of fact it is gaining rapid adoption since more people are becoming aware that it is a store of value and a hedge against inflation for fiat that central banks can reprint at will.

Some people still thinks that Bitcoin is a get rich quick scheme and that is why they are falling for the lies of scam Bitcoin investment platforms, I've heard about a few of them that later shutdown and made away with investors funds. It is a pity if someone falls for such cheap scams and blames Bitcoin for their ignorance. There are yet others that don't know the difference between Bitcoin and altcoins, they will use their hard earned money to buy memecoins thinking that they are all like Bitcoin, when they got scammed they will blame cryptocurrency including Bitcoin for their lose.

Most of the weak hands comes from those who must have used the money for their short term needs to invest in Bitcoin for a short term profit and when things goes otherwise they are in pains, regrets and panic, there is no way they could hold back, they become emotional watching the market bleeding when it should be going up in anticipation and at the end of the day all the blames will be on Bitcoin and they will forget to accept the responsibility of their actions, I must say it has not really been Bitcoin failing rather people failed with their actions and approach.

[Vaskiy]

How bitcoin gained popularity. Is it through the technology, usage or by its unique features. The price kept increasing and it got into the eyes of people. Upon the same people believed of making good money out of it. This is how most of the people came into bitcoin. Later slowly they began to understand better about bitcoin. As the thread title states, bitcoin as a technology came into usage. People have difference of expectations out of it. Some turned themselves successful through bitcoin, some failed. When someone enters the market with good understanding about technology, the volatile nature and the unexpected bullish and bearish move will know to stand manage without loss. At any point individual's mistake shouldn't be connected with community's mistake.

[skarais]

Bitcoin is merely a tool, it cannot be blamed for any of its users' dissatisfaction.
In many issue, it is the users who are to blame for the financial losses they incur, even if they purchased Bitcoin as a trading asset or an investment. Price volatility is natural, given the dynamics of supply and demand. Bitcoin is a globally freely traded asset and its price is not determined by any specific group of individuals or institution.

I agree that in this case, Bitcoin cannot be blamed, even if it is used for illegal purposes. Greedy users are likely to incur significant losses due to their inability to exercise self-control. This means the fault lies with the individual and it is truly unjustifiable to blame Bitcoin.

[Itz-prisigold]

A very classic excuse when someone stupid loses profits from Bitcoin because of their own fault and says Bitcoin is a scam.
People who say this kind of thing don't actually know anything about crypto and how Bitcoin works.

This will not affect Bitcoin's reputation because it is a common thing, when fools who lose a lot trying to buy Bitcoin then panic by selling Bitcoin at a low price.

There are still people who say that Bitcoin will also reach the price of ZERO, but the fact is that Bitcoin continues to rise,
The current decline is just a correction of the current effects of the global economic phenomenon.

I also believe that feelings play a massive part of people's Bitcoin experience,  a lots of people enter the market when everything is going very hot and exciting, then they just have this mindset that, “Oh, I'm going to make a lot of quick money, and when the market turns against them, fear suddenly takes over of them and they just give up on all of the strategies.

You see this the same volatility that people are complaining about when the price of Bitcoin drops,  is the same reason that drew others to the cryptocurrency in the first place. So, it is highly important to know the concepts of risk management and market cycles before you even think of investing serious money into Bitcoin.

Since the beginning of Bitcoin, so many people has been saying that “Bitcoin is dead” over and over again,  but it has never ceased to be adopted, built, and known around the world. Panic is not always related to the long term situation.

[Franklyn-wood]

A very classic excuse when someone stupid loses profits from Bitcoin because of their own fault and says Bitcoin is a scam.
People who say this kind of thing don't actually know anything about crypto and how Bitcoin works.

This will not affect Bitcoin's reputation because it is a common thing, when fools who lose a lot trying to buy Bitcoin then panic by selling Bitcoin at a low price.

There are still people who say that Bitcoin will also reach the price of ZERO, but the fact is that Bitcoin continues to rise,
The current decline is just a correction of the current effects of the global economic phenomenon.

Like you said many people keeps blaming Bitcoin for there mistake and expect everything to work naturally even when they are doing the wrong thing never, Bitcoin is not a spirit that have the ability to design and correct. This is part of what we should let people know. Just like I native currency, if we carelessly make decisions that can jeopardize it, we will lose some or all our funds, so likewise Bitcoin which is even more sophisticated that fiat and needs more carefulness at all time to secure it.

[passwordnow]

I've come to believe the real problem isn’t bitcoin volatility… it’s people wanting freedom without discipline.

Volatility isn't a problem to be honest. If you see an opportunity to bitcoin, it should be embraced because it's a nature of its characteristics. What is the problem here is people lack of patience. We want freedom, yes but the same as that we also need to understand that with its volatility, there's no way that we can control it and that's why if we want to invest in it. We have to accept how volatile it is. No matter how huge the dump is, the counter of it is also all of a sudden skyrocketing.

[Exitoral]

I agree with you. Bitcoin doesn't fail people. I feel so because they chase too much hype and fail to understand the core concept of bitcoin and what it aims to achieve in a long run.

People hate to admit to themselves that they made a mistake. Rather they blame it on things that doesn't really connect at all.

For the fact that people fall for scams and blame it on bitcoin is absurd. You hear people say bitcoin is scam when they fully were duped by someone. Understanding really matters a lot.

I have equally lost my coins to some crypto platforms that claim to be storage. All I did was to admit I did wrong. But before I did, I also blamed crypto until I came to understand centralised and decentralise. People should really understand the core concept of bitcoin before jumping into it. Hype never ends well.

[Maslate]

Seeing thousands or millions of people are successful with bitcoin, that only proves that bitcoin doesn't fail the people, but rather some people fail bitcoin because they use the wrong approach and behaviors in dealing with bitcoin.

There is no wrong with bitcoin, even volatility itself is part of the unique nature of bitcoin. But people see it the wrong way, they often consider it a threat when in reality, it can be an asset towards seeing unexpected price surges for bitcoin.

Bitcoin is for the people, but it seems people are not for bitcoin, as they contradict and disagree with the very nature and purpose of bitcoin.

[Asiska02]

This is just perfectly how it goes around, where is the lie here…hahaha. When people hear that Bitcoin is a means of making a lot of money when you invest into them, the first thing that comes to that persons mind is how to invest and make money from Bitcoin the next day. This alone, such mentality should already make you feel that you’re chasing unrealistic dreams and if it was that easy to make money like this, then everyone would have invested and make money through bitcoin since its inception.

Bitcoin volatility is just part of the process of investment you should know, but that doesn’t stop an investor from achieving their targeted goals in bitcoin investment. Bitcoin market has been on a trajectory upward movement from inception, that’s convincing enough to believe that your investment will reach its target eventually and take profit as wanted. Then your patience and discipline will test you to see if you can achieve this projected target.

[stadus]

Bitcoin does not actually fail people, but its extreme volatility and speculative nature create path to make people lose especially if they are starting buying bitcoin at a peak price and invest for short term gains than focus on long term hodling.

However, bitcoin is not to be blamed from those significant losses, but its only the people that are liable for their losses because they invest in bitcoin blindly. Bitcoin is a high-risk asset and so it requires a high caution investing, but people took it like a piece of cake and even invest all their life savings while expecting to get instant profits and make them get rich quick.

[uchegod-21]

Owning Bitcoin comes with great responsibility. That is where the Be Your Own Bank (BYOB) concept came from. In traditional banks, they store your money, secure it, and give you access to it whenever you request it. Since they hold your money for you, they can stop you from having access to it if you do not agree to their terms.

Now Bitcoin offers you the freedom to be your own bank, take full responsibility for your bitcoins, secure them yourself, and have the freedom to access your bitcoins however you want. If you fail to carry out your responsibility well, you have yourself to blame and not Bitcoin.

If you fall for the get-rich-quick trick, you still have yourself to blame and not Bitcoin. Bitcoin is volatile, so you cannot be certain that you will get rich within a short while. Everything about Bitcoin is already known, and it has never been misleading.