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

[Shineup]

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.

If someone doesnt enters Bitcoin based on proper management, knowledge and planning, then the chances of them being harmed are much less. Basically, Bitcoin does not harm anyone on its own. It is mainly harmed due to its own decisions. Therefore, it is natural for those who enter without basic knowledge, security and planning to be harmed. However, the blame should never be placed on the entire system, but rather, one should consider oneself and one's own decisions responsible for it. Everyone enters the investment with their own will and ability, no one is forced here. Here, there is complete freedom to invest according to one's ability, so complete freedom and control over one's own assets and decisions is basically in the hands of the individual. Therefore, it is not fair to blame the system and technology if one is deceived or harmed due to one's own decisions. However, yes, Bitcoin's instability and uncontrolled environment are risky, but those who survive have been able to survive mainly due to their own discipline, knowledge and risk management and the right decisions.

Bitcoin doesn't cause harm to anyone , it is the way people decide to go about there bitcoin investment that's what decides there mistakes. Talking about planning, I don't think if this will erase the chances of making mistakes because most investors do have a plan but along the line they end up making mistakes such as trying to outsmart the market and they may end up selling out loss. There is always risk involved in bitcoin investment no matter how well we may have planned before investing.

Mistakes are meant to be lesson to those who are wise, taken about mistake in another way of saying we can't be perfect even though some mistakes are as a result of ignorance and when the mistake happens people should learn from it, alot can be gotten in the process just as they said that a tree that doesn't know how to dance can be taught by the wind let whatever happens to anyone as a mistake at the cost of getting involved with bitcoin be a lesson to learn from which they can become better and do things more rightly.

[Renampun]

People who blame Bitcoin for their mistakes are either ignorant or unwilling to take responsibility for their own poor decisions, because Bitcoin is never wrong, it's people who make the wrong decisions. if they lose money, it's because they sold it, or if their Bitcoin is hacked, it's because they neglected the security of their wallet.. all of these things happen because of one thing, they failed to educate themselves and instead blame Bitcoin for their own mistakes.

so, before someone says something negative about Bitcoin because they feel they've been wronged before, try to look at themselves and see if it's because of Bitcoin or it's really their own fault for not understanding anything.

[Fiasem20]

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.

This is the part I am interested in.Bitcoin has never been the problem,when most people fail to carryout their due responsibilities on securing their asset and when they fail to do such they would start accruing blame on the asset(bitcoin).Most people are easily persuaded to carryout task sent to them by a stranger on the internet,I wonder if they don’t think the aftermath of what they’re doing by completing a task sent to them by a stranger.Aside,the “stranger” most people are easily moved by those unrealistic promises they see online for instance “money doubling” those scheme are actually on the internet to lure people and run with their funds.

[Bushdark]

People who blame Bitcoin for their mistakes are either ignorant or unwilling to take responsibility for their own poor decisions, because Bitcoin is never wrong, it's people who make the wrong decisions. if they lose money, it's because they sold it, or if their Bitcoin is hacked, it's because they neglected the security of their wallet.. all of these things happen because of one thing, they failed to educate themselves and instead blame Bitcoin for their own mistakes.

so, before someone says something negative about Bitcoin because they feel they've been wronged before, try to look at themselves and see if it's because of Bitcoin or it's really their own fault for not understanding anything.

There have been s so many stories about how big investors lost their Bitcoin due to carelessness and so were not able to get access to their Bitcoin because they lost their seed phrase which could have been kept very safe in a place that will be hard to get damaged. There are so many options for investors to keep their investments safe from the public.
Many people are falling themselves not Bitcoin when they are expected to hold for a certain period before selling part of their assets.
So many of us had learnt from various lessons from big investors to never sell too early maybe due to market volatility.

[tiCeR]

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

...

This is only true to some degree. Remember the times when the financial crisis hit hard and house buyers had to sell their house and lost a fortune in the process? How many of these real estate owners do you think decided to never buy a house again? I agree there is a slight difference though because shelter is more tangible, but when some people burned their hands buying bitcoin, not all of them conclude that it is all about bitcoin and not about themselves.

To add some more information here, if I had been one of those who bought at $20,000 and then it dropped to $4,000 or so, I can understand that some of the buyers decided to stay away for a while. I don't believe they will stay away forever because it is a generational issue, it is a question of time when digital money and bitcoin are gaining popularity. The technical side could still be improved because I still know lots of people who can't handle a few things that they should be able to handle in order stay safe. There is still some effort required to gain sufficient understanding and the older you are, I assume the harder it is (on average).

[GeorgeJohn]

Anything someone doesn't know, they will negative about it, someone whom understand bitcoin very well will not say bitcoin fails his or her, on a norms, bitcoin is a digital currency, in which is not centralized but been decentralized, so therefore it has to be complicated for someone who doesn't understand how bitcoin works...

Bitcoin doesn't fail people rather will i say that people failed bitcoin...investing in bitcoin is a personal interest, and if bitcoin falls and you make a profit based on your interest and passion on bitcoin, it's left for you, if Bitcoin falls and you lose, it's also left for you....That's why we can't come in conclusions that bitcoin fails or people fails bitcoin...

Someone whom has known bitcoin, suppose to know that we dont need to use our project funds to invest on bitcoin, and we dont need to use all we have saved to invest and left empty handed...To invest in bitcoin, you need to use a spare money to invest, and you also have to bears in mind that you can't make profit quickly during a short time you invested in Bitcoin...

[AmoreJaz]

People who blame Bitcoin for their mistakes are either ignorant or unwilling to take responsibility for their own poor decisions, because Bitcoin is never wrong, it's people who make the wrong decisions. if they lose money, it's because they sold it, or if their Bitcoin is hacked, it's because they neglected the security of their wallet.. all of these things happen because of one thing, they failed to educate themselves and instead blame Bitcoin for their own mistakes.

so, before someone says something negative about Bitcoin because they feel they've been wronged before, try to look at themselves and see if it's because of Bitcoin or it's really their own fault for not understanding anything.

Sooner or later, they will realize that  it is not btc itself that is the problem but the people who are using it who are taking advantage of the gullible people over the net. We have seen that up until now, there are so many negative connotations towards crypto. But once you educate yourself, you will understand that it is not about the currency itself, but the people who are trying to exhaust as a potential of money making machine. But the technology itself is no way of scamming people, it is actually assisting people to have faster, cheaper and transparent transactions, right?

[Solokan]

It's true that many people feel cheated by BTC because they bought at the peak, and then when BTC dropped, they sold it at a loss. In fact, if they hadn't sold their BTC and sold it in the future, they would have made a significant profit because BTC always makes new ATHs. So, it's not BTC that's at fault, but BTC holders who aren't holding BTC for the long term. Until now, no one has actually lost money if they hold BTC for the long term.

I think your topic is excellent because it explains that investing in BTC must be long-term and requires the ability to manage everything. It's not easy to invest in BTC if you can't manage everything. There's certainly no reason to blame BTC. The fault lies with those who don't use the right money to invest in BTC and don't invest long-term in BTC. But I think many people will learn from experience, which will ultimately lead to greater interest in BTC in the future.

[BitBakerr1]

All the people that have called bitcoin a scam are the reason why they fall into the problem of calling bitcoin a scam. A lot of them don’t even understand what bitcoin is all about they just hear a news that someone has made huge amount of money or has become successful through bitcoin and they hurry into bitcoin investment so they can make millions and with zero experience they have in bitcoin they don’t even want to learn more. All they care about is how to make money from it and when they get himself into problem they blame bitcoin for causing the problem for them and this has been on and on how many people in the future we still do the same mistake if you want to come to bitcoin investment study it.

[dezoel]

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.

I agree, we are seeing a lot of people overreacting to it when in reality we should not be really considering this as something that will get us rich overnight, because that is not going to happen.

We should realize that this is something that will get us where we want to go on the long run. Think of bitcoin like some pension, for your retirement. If you can do that, if you think that you will only cash out when you are lets say 65 years old, then you should be able to make a lot more money.

[Fivestar4everMVP]

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.

Naturally, humans hate to blame their self for their own mistakes, but who ever ends up losing his or her bitcoin as a result of their own decision, then turns back to call bitcoin a scam knows deep down withing their heart that they are not telling the truth.

Bitcoin is not humans that can make mistakes, bitcoin is money, it's a system built and programed to functions money and to listen and act on every instructions give to it, this is why when we want to send bitcoin to a different wallet, it never objects, even if the wallet you are sending the bitcoin to is one owned by a scammer, bitcoin still does not object, it simply follows every instruction given it.

So if for whatever reason, we send out bitcoin to the wrong wallet or put it into a wrong investment, it is always ourselves we have to blame because bitcoin simply obeyed instructions given to it as it is programmed to.

[Ayers]

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.

I agree, we are seeing a lot of people overreacting to it when in reality we should not be really considering this as something that will get us rich overnight, because that is not going to happen.

We should realize that this is something that will get us where we want to go on the long run. Think of bitcoin like some pension, for your retirement. If you can do that, if you think that you will only cash out when you are lets say 65 years old, then you should be able to make a lot more money.

I agree. Many people are overreacting and making the mistake of thinking they can get rich quick with bitcoin.

That said, I also do not think any of us truly view Bitcoin as a retirement fund, something to lock away until we are 65 or 70 year old. In reality, most of us want to see profits in the medium term, such as in the next 3 to 5 or 10 year. Not many people are patient enough to hold Bitcoin purely as retirement savings until old age. There is nothing wrong with that, and we do not need to deny it.

Because if our current lives are still difficult, then planning for old age is a luxury.

[tbct_mt2]

I agree. Many people are overreacting and making the mistake of thinking they can get rich quick with bitcoin.

That said, I also do not think any of us truly view Bitcoin as a retirement fund, something to lock away until we are 65 or 70 year old. In reality, most of us want to see profits in the medium term, such as in the next 3 to 5 or 10 year. Not many people are patient enough to hold Bitcoin purely as retirement savings until old age. There is nothing wrong with that, and we do not need to deny it.

Because if our current lives are still difficult, then planning for old age is a luxury.

If people do things safely and rightly, they will not expect for quick rich with their investment because investment itself is for long term. They can consider their money used to buy bitcoin and build up their Bitcoin portfolios are like passive income with time, or similarly to superannuals for their lives in the future. In the meantime, their lives will still be well with income they continue to earn, savings they already had and continue to build up, as well as emergency fund.

If they actually do things rightly like only use discretionary income, money they can afford to lose for investment, they will feel very comfortable with their Bitcoin portfolios and will never need to check prices too often, or expect quick rich.

[Youngrebel]

If people do things safely and rightly, they will not expect for quick rich with their investment because investment itself is for long term. They can consider their money used to buy bitcoin and build up their Bitcoin portfolios are like passive income with time, or similarly to superannuals for their lives in the future. In the meantime, their lives will still be well with income they continue to earn, savings they already had and continue to build up, as well as emergency fund.

If they actually do things rightly like only use discretionary income, money they can afford to lose for investment, they will feel very comfortable with their Bitcoin portfolios and will never need to check prices too often, or expect quick rich.

Seriously that is the mindset so many people miss when it comes to investing, most especially when it comes to Bitcoin and to me the problem usually starts when most people seee investment like a platform for gambling and all of a sudden expect a life changing profits overnight meanwhile thats not how it works but when someone can safe and keeps an emergency fund for his or herself and and still save outside their investment, there will be no emotional pressure involved, it’s just so simple but so many of us refuse to apply brain work but rather we chase after fast income.

[Issa56]

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..

If you want to invest in bitcoin, it’s not something we are suppose to just jump into, you have to take your time to properly do some research before you invest, because if you are in rush to invest, you might just end up losing your money after investing. Some people decide to ignore something’s that’s why they end up losing money. Some people don’t just want to learn, they don’t want to take their time to do some research, they looking for easy way to make money.

If you don’t know how you going to properly store your bitcoin after investing, then you making a great mistake, because you are likely going to lose your investment if it’s not properly stored. No matter how reputable an exchange can be, make sure you don’t leave your coin there, after buying your bitcoin from an exchange, make sure you withdraw your coin from the exchange.

[Onyeeze]

Seriously that is the mindset so many people miss when it comes to investing, most especially when it comes to Bitcoin and to me the problem usually starts when most people seee investment like a platform for gambling and all of a sudden expect a life changing profits overnight meanwhile thats not how it works but when someone can safe and keeps an emergency fund for his or herself and and still save outside their investment, there will be no emotional pressure involved, it’s just so simple but so many of us refuse to apply brain work but rather we chase after fast income.

sometimes you will not blend any person that takes a drastic decision for it bitcoin investment, sometimes why some people go into investment of Bitcoin is because they want to make a profit and that is only mindset they have investing in Bitcoin so if such narrative is not being changed by bitcoin investors they will continue to experience what they did not plan to experience for investing in Bitcoin, so I know very well my bitcoin investment is something that comes with both advantages and disadvantages, but if you hope that you are going to make a profit every time in Bitcoin I think that such mindset have to be changed

[Mame89]

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.

Everything you say is true. Bitcoin will indeed give you financial freedom for the future but it will also bring you disappointment. It all depends on how you implement it and how you maintain good discipline.

Moreover, Bitcoin was designed to give you self sovereignty, so you hold the key. No bank no other party let alone the government can freeze your account. But freedom without discipline is a deadly trap for Bitcoin. Many investors enter Bitcoin without understanding it, resulting in losses or scams or other similar outcomes, due to clicking random links. So when losses occur they suddenly claim the system is faulty or that Bitcoin is a scam. In fact it's not Bitcoin that's at fault, but rather a complete disregard for personal responsibility such as losing private keys, forgetting seed phrases or falling into Ponzi schemes. Or if you blame Bitcoin inherent volatility.

[AmaGold70]

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.

That is the real truth, bitcoin has no problem at all, not everyone who invest in bitcoin understands bitcoin, and when they fail in their investment they begin to say bitcoin is fake. Many people who invest in Bitcoin loose bitcoin in many ways, some people loose bitcoin because of impatience, when the market turns red, and become bearish for sometime, they become discouraged, and conclude that they have already lost money.
There are also people who loose their bitcoin by investing in a fake platform, like those who invest in ponzi schemes, most of them pay in bitcoin, and when they loose their bitcoin, they still don't acknowledge their errors, but still lay blame to bitcoin.
There are reliable platform to navigate your bitcoin investment, when you choose the right platform, ensure the security of your investment, then followed with patience, Bitcoin will never disappoint you.

[Orpichukwu]

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

Anyone who is discouraged from investing in Bitcoin because they see how those who have blamed and condemned it are not actually supposed to be investing, as their decision could easily be influenced by what they read and see people do outside, whereas they are supposed to run their own research and make their decisions to invest or not based on what they find about what they pick interest in (Bitcoin).

[Onyeeze]

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

Anyone who is discouraged from investing in Bitcoin because they see how those who have blamed and condemned it are not actually supposed to be investing, as their decision could easily be influenced by what they read and see people do outside, whereas they are supposed to run their own research and make their decisions to invest or not based on what they find about what they pick interest in (Bitcoin).

do you know that most of people who condemn Bitcoin they are the one that love bitcoin more currently because by the time they made the research or bitcoin and understand some importance of Bitcoin that is what makes them to be investing on it so what I'm saying in addition to what you have already said is that if all these people condemning the price of Bitcoin can make at time and the research on Bitcoin that will save them much stress than believing on someone's suggestion about what is open for everyone to make research and not, sometimes I blame people who does not make a research about something before then conclude before I conclude in anything I must make founders to know if was someone told me about the thing is good or bad