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

[Sonia_123]

People thinks they can be smart when it comes to bitcoin investment, but at the end fails themselves, ignoring the fact about how bitcoin works and the love of money is a failure on your part.

People really understand the bitcoin system but wants to get rich quickly before time, not wanting to work or being patience enough for their investment to mature before utilization.

Bitcoin investment has to do with Patience of investing for a long-term of hard work, if not you will not achieve your goal.

[Publictalk792]

Bitcoin is never a failure, but people experience failure from bitcoin due to wrong approach and decision making, thinking that jumping into bitcoin without clear knowledge and background will still lead them to instant success and quick profits.

Bitcoin doesn't fail people, but its only people who make rush and stupid actions that made them feel devastated of the outcome. People invest or trade with high emotions, display lack of long-term perspective and poor risk management, lack of knowledge and research, having security failures and lastly, falling for hypes. These are all people's wrong turns, and blame bitcoin as a big failure.

You are right. Bitcoin is simply protocol with rules which can not be broken and protocol can not fail its users. Main problem is mindset that comes into entry. Majority of people consider Bitcoin as gambling avenue and not new financial system.  As far as I am concerned only way to not have these wrong turns is to begin with education first and capital second. Before investing in latest hype, it is better for investor to understand self custody and risk management. Price noise does not matter as much when you control your own keys and are in 5-10 year vision. Bitcoin is tool to gain financial freedom. However, as with all great tools, it takes skill and patience to use it properly.

[TastyChillySauce00]

That sounds like the kind of people who would blame everything except themselves. Even if they bought gold at the top, they would blame the gold and not themselves from being impulsive in their investment.
Unfortunately there are many of them that have this mindset. Impulsive, greedy, impatient, and not self aware is deadly combo for investment, they keep making mistake but never realize it was because of themselves.

[Razmirraz]

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

Someone buys at the top because of hype, skips basic research, leaves funds on some random exchange, or falls for those “double your money” scams then whn it all goes bad, the first thing you hear is “Bitcoin is a scam.” but was it really bitcoin… or just bad decisions..

People trust strangers too easily, chase fast profit, ignore security, then blame the system instead of themselves which is absolutely ridiculous... bitcoin gives freedom, yes… but freedom wthout responsibility can be dangerous.

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

This leads to the nature of Bitcoin and investor behavior. Bitcoin operates on a decentralized source code that cannot be changed by anyone, regardless of its price movements. The cases of money loss experienced by some individuals are not due to Bitcoin's technical errors, but rather due to their own mistakes in buying at peak prices (FOMO) and panic selling. In general, Bitcoin is a technology that runs independently, when individuals use Bitcoin as a speculative tool, they must be prepared to bear the risk of volatility.
Bitcoin has never disappointed its users, people who are disappointed with Bitcoin due to losing some of their money are due to misunderstanding the core concept and mistreating it properly. Investors who understand and utilize it as a long-term digital asset, they see the potential of the technology.

[DanWalker]

Simply put, bitcoin is just a financial instrument like gold, silver, bond or stock. All of them are just inanimate objects and they dont promise us anything. How can they disappoint us?
The thing that disappoints us is ourselves. Because we have unrealistic expectation, wrong strategies, or invest with emotion instead of reason.

No offense, but anyone who fail at investing in bitcoin and blame it. They will always be losers when they do not dare to face the fact that they are the problem.

[Out of mind]

People thinks they can be smart when it comes to bitcoin investment, but at the end fails themselves, ignoring the fact about how bitcoin works and the love of money is a failure on your part.

People really understand the bitcoin system but wants to get rich quickly before time, not wanting to work or being patience enough for their investment to mature before utilization.

Bitcoin investment has to do with Patience of investing for a long-term of hard work, if not you will not achieve your goal.

Yes, there are many investors who face failure due to their greed, but only those who invest with long-term and patience can succeed. Basically, there are some people who cannot tolerate market volatility, they sell emotionally, and use excessive leverage. That is why long-term planning is the best and it leads investors to success. If you are greedy, you will have to face losses here. Those who plan for the long term have the intention that investment is their main strength, so they try hard to maintain it, they are patient and are not afraid of market volatility. We have to keep in mind that Bitcoin is a volatile currency, its market will fluctuate, and there is risk in it, that is why long-term planning is the best intention for every investor in Bitcoin.

[imthegreat]

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

Someone buys at the top because of hype, skips basic research, leaves funds on some random exchange, or falls for those “double your money” scams then whn it all goes bad, the first thing you hear is “Bitcoin is a scam.” but was it really bitcoin… or just bad decisions..

People trust strangers too easily, chase fast profit, ignore security, then blame the system instead of themselves which is absolutely ridiculous... bitcoin gives freedom, yes… but freedom wthout responsibility can be dangerous.

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

In investing in cryptocurrencies (for example, in particular in bitcoin), there is also one not entirely obvious aspect that even if some guy from the middle class found the money to invest bitcoin, he can absolutely accurately (determine a good entry point when the price is small), but he will not be able to to keep this investment, because in his life (where he does not have a lot of money) he may need additional money quickly due to unforeseen expenses.Such as a car accident or health reasons, and he will have to withdraw his investment by converting bitcoin into fiat in order to close this economic need. And that's why the poor stay poor.

[Peanutswar]

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

Someone buys at the top because of hype, skips basic research, leaves funds on some random exchange, or falls for those “double your money” scams then whn it all goes bad, the first thing you hear is “Bitcoin is a scam.” but was it really bitcoin… or just bad decisions..

People trust strangers too easily, chase fast profit, ignore security, then blame the system instead of themselves which is absolutely ridiculous... bitcoin gives freedom, yes… but freedom wthout responsibility can be dangerous.

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

People wanted to earn money, but they aren't willing to take a risk with their own funds. Some of them frequently asking where to make an investment and make an instant earning but if you tried to ask them if they have prior knowledge and what's their strategy is they can't even tell you. Reason is they dont want to deep dive on the thing they wanted to earn, they just know "I have capital, i can invest how much I want" which is a wrong mindset we are here to earn money not to burn. Reality facts this is the common mistakes of newbies when it comes to investment, they let other people make a decision with their money and not on their own.

[avp2306]

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

Someone buys at the top because of hype, skips basic research, leaves funds on some random exchange, or falls for those “double your money” scams then whn it all goes bad, the first thing you hear is “Bitcoin is a scam.” but was it really bitcoin… or just bad decisions..

People trust strangers too easily, chase fast profit, ignore security, then blame the system instead of themselves which is absolutely ridiculous... bitcoin gives freedom, yes… but freedom wthout responsibility can be dangerous.

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

People wanted to earn money, but they aren't willing to take a risk with their own funds. Some of them frequently asking where to make an investment and make an instant earning but if you tried to ask them if they have prior knowledge and what's their strategy is they can't even tell you. Reason is they dont want to deep dive on the thing they wanted to earn, they just know "I have capital, i can invest how much I want" which is a wrong mindset we are here to earn money not to burn. Reality facts this is the common mistakes of newbies when it comes to investment, they let other people make a decision with their money and not on their own.

Maybe those people doubting still not ready to take a risk. But those people invest with their own funds are the one willing to take the risk. The problem is not all investors know what they are doing, some people are there because they are been hype then been informed that its easy to earn money on Bitcoin which actually we all know its wrong.

Many fall from scams because they fail to made a research about what are good to participate  and what to avoid. That's the reason some of them says Bitcoin is scam once they fail, because their expectations didn't meet. Also with that situation they totally fail to know Bitcoin in other useful sense and we see that most of people come short because of their bad decision for using that coin.

[Byebyebtc]

Exactly people condemn what doesn't work for them as a result of their own mistake,
And it is a very bad habit, as it discourages people from investing as well

And this is as a result of ignorance, when people go into Bitcoin when it's hyped up at a rally, they just want to make money and they make impulsive decisions which will cost them loss

[Awaklara]

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

Without knowledge, people who start because of hype tend to have greed to make money in a short time. Why should Bitcoin be blamed when we ourselves do not want to learn? 
Such negative narratives only come from those who are ignorant. Chaos created by wrong steps, why should it be labeled on an instrument that was not studied beforehand?

[macson]

I've come to believe the real problem isn’t bitcoin volatility…

Bitcoin has never been the problem. People often blame it because they’re looking for something to blame, when in fact they’ve been in the wrong from the start. They would never lose money if they understood that Bitcoin is a volatile asset and if they didn’t sell while in a losing position.

If they understood something as simple as that, they wouldn’t lose money or lose so much of their money. But because they want to make a profit quickly and are impatient, that’s what happens.

[monetizator4]

Volatility is just part of the game. People seem to forget it's all about risk management. If you dive in without understanding, yeah, you're more likely to get hurt. Learning to ride out the ups and downs can make a big difference

[Furious 7]

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

Someone buys at the top because of hype, skips basic research, leaves funds on some random exchange, or falls for those “double your money” scams then whn it all goes bad, the first thing you hear is “Bitcoin is a scam.” but was it really bitcoin… or just bad decisions..

People trust strangers too easily, chase fast profit, ignore security, then blame the system instead of themselves which is absolutely ridiculous... bitcoin gives freedom, yes… but freedom wthout responsibility can be dangerous.

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

Greed sometimes makes the situation complicated and with that greed sometimes people cannot decide wisely what they should do.

We know that until now people's expectations of bitcoin are diverse and more always think that bitcoin is one of the instant ways they change their lives but in fact we cannot just get it without a clear effort and process that we have to face.
It's just that greed makes most especially for beginners and those who Fomo always act as if bitcoin can change their lives quickly without caring about the process they have to do. Decisions are too fast and some even directly blame their conditions when they are already in bitcoin but not in accordance with their expectations (which are too high) showing that it is greed that is in control of them and it is not bitcoin because in this case bitcoin is just an object and we as people who want with clear goals and decisions that are not too hasty are always the winners because holding bitcoin needs principles not just limited to buying and selling.

[gabbie2010]

I think some people were thrilled and carried away by the news and stories they heard about some early bitcoin investors who made massive and huge profit during a massive bulll run that is probably after taking some profits, however newbie investors who never bother to research on when to invest and when to cash out or take profit in crypto investment just invested blindly by buying high instead of buying low after the price dump unfortunately when price dropped they loss some of their investment and possible withdraw their investment at a loss thus started to portray bitcoin as a bad investment after failing to do the right thing (investment at the right time) but invested at the wrong time.

[Little _damsel]

This is a very interesting topic, and everything you said is very correct too. People fail to understand before investing, that's not bitcoin failing them, I'd say they just have unrealistic expectations. But at the same time let's balance your statement. Not every person who loses money “Failed Bitcoin”. The volatility in bitcoin can be psychologically hard even for disciplined people, an experienced bitcoin investor may intellectually understand volatility, but when it happens they can't handle it emotionally.

Yes! For sure, responsibility matters alot in bitcoin, but at the same time the ecosystem has real risk and we shouldn't ignore or dismiss them. New users genuinely struggle with the technical issues, concepts like; network confirmation, seed phrases or self-custofy can feel very confusing at first, of course we may say they should learn first. But let's not forget that this is a practical business and we shouldn't expect zero mistake.

Bitcoin has very little forgiveness. Unlike banks where you can easily reset your password if an error was made. So when beginners make mistakes it is not always because they were foolish, sometimes the system simply has a steep learning curve. Bitcoin is powerful, but power without user-friendliness can be intimidating, bitcoin investment is not only financial it's psychological too.

[AGogi2003]

People thinks they can be smart when it comes to bitcoin investment, but at the end fails themselves, ignoring the fact about how bitcoin works and the love of money is a failure on your part.

People really understand the bitcoin system but wants to get rich quickly before time, not wanting to work or being patience enough for their investment to mature before utilization.

Bitcoin investment has to do with Patience of investing for a long-term of hard work, if not you will not achieve your goal.

We need to be patient in any investment we're trying to do because without that patient things will definitely be difficult for us to achieve. Knowledge is very good and if you understand Bitcoin very well you won't feel that worries of losing alot in it because anytime the price drop be will surly increase in price. So we should be calm and focus in what our mind says because they have alot of people that are interested to invest in bitcoin but with what others people are saying, they'll feel discourage but when you have understood it very well and knows how he goes you won't feel any worries or wait for other opinions before you invest.  

Bitcoin is not something you will rush to invest and expect huge amount in return. You need to be patient for long term and wait for your funds to grow with bitcoin for sometime and you will get a better benefit.

[Findingnemo]

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

Someone buys at the top because of hype, skips basic research, leaves funds on some random exchange, or falls for those “double your money” scams then whn it all goes bad, the first thing you hear is “Bitcoin is a scam.” but was it really bitcoin… or just bad decisions..

People trust strangers too easily, chase fast profit, ignore security, then blame the system instead of themselves which is absolutely ridiculous... bitcoin gives freedom, yes… but freedom wthout responsibility can be dangerous.

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

People who uses bitcoin as a speculative asset and speculative asset alone without caring about what it is, I wish they better not to be a part of the bitcoin in one way or the other.

They helped with the price and progression of bitcoin to bigger scale but they are also acting like a parasite that kills the real use case of bitcoin and promote it as digital gold and blah blah to the entire world.

[Orpichukwu]

Someone buys at the top because of hype, skips basic research, leaves funds on some random exchange, or falls for those “double your money” scams then whn it all goes bad, the first thing you hear is “Bitcoin is a scam.” but was it really bitcoin… or just bad decisions..

Those are the set of people who are not ready to man up and take responsibility for their own actions, not just in Bitcoin investment but in some decisions they made which went wrong. They always look for where to blame others. Imagine using a platform and the payment method is fiat; once it crashes, they will call the name of the platform, but once Bitcoin is involved, they call it a Bitcoin scam or whatever name that could help push their agenda fast.