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Author Topic: Are people giving up on Bitcoin too quickly?  (Read 936 times)
CarnagexD
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October 25, 2020, 10:04:35 PM
 #161

Disregarding the technical development of bitcoin means you don't know how does it work. Obviously, these people are those who didn't trust the bitcoin at first and don't even use it. Their arguments about the future of cryptocurrency aren't considered valid talk if they aren't supporting or using it.

There are plenty of crypto users who gave up on bitcoin when a price drop occurs but instantly came back after the price hike.
I hope it serves as an ideology to them that cryptocurrency has a good future.
Sadly, this is the case for most of these people who dump their coins. Without knowing the basics, these people only know of bitcoin as a get rich quick scheme which is really not the case. Proper education and doing your own research beats most FUDs really. But if they don't have enough time or knowledge to kepp on hodling bitcoins when it's at a bear market, we can safely assume that they don't have the time or knowledge to do the aforementioned things.

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Lanatsa
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October 25, 2020, 10:59:21 PM
 #162

Disregarding the technical development of bitcoin means you don't know how does it work. Obviously, these people are those who didn't trust the bitcoin at first and don't even use it. Their arguments about the future of cryptocurrency aren't considered valid talk if they aren't supporting or using it.

There are plenty of crypto users who gave up on bitcoin when a price drop occurs but instantly came back after the price hike.
I hope it serves as an ideology to them that cryptocurrency has a good future.
Sadly, this is the case for most of these people who dump their coins. Without knowing the basics, these people only know of bitcoin as a get rich quick scheme which is really not the case. Proper education and doing your own research beats most FUDs really. But if they don't have enough time or knowledge to kepp on hodling bitcoins when it's at a bear market, we can safely assume that they don't have the time or knowledge to do the aforementioned things.
Peoples expectation had been broken which I do see the main reason why some do quit quickly just neither they had been scammed or lost in trading.

Ending up some frustration and regrets and never tend to look back but if they do realize later on and gain up sufficient knowledge then those line of words will surely
change but depending on how you do look things up.

Giving up on learning bitcoin will really just make you miss out on this great tech and also with its potential earning capabilities.

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dorritassertive
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October 26, 2020, 01:53:19 AM
 #163

No, I don't think that people giving up on Bitcoin too quickly. Now 1 Bitcoin equals 13,074.30 United States Dollar, so you can easily trade bitcoin for cash or assets like gold instantly with incredibly low fees. The high liquidity associated with bitcoin makes it a great investment vessel if you're looking for short-term profit. Digital currencies may also be a long-term investment due to their high market demand.
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October 26, 2020, 01:55:31 AM
 #164


Peoples expectation had been broken which I do see the main reason why some do quit quickly just neither they had been scammed or lost in trading.

Ending up some frustration and regrets and never tend to look back but if they do realize later on and gain up sufficient knowledge then those line of words will surely
change but depending on how you do look things up.

Giving up on learning bitcoin will really just make you miss out on this great tech and also with its potential earning capabilities.
Frustration, disappointment, being hopeless becauseof bad experience? People who easily hooked up thinking easy money will usually get fall into this scenario. That is something they need to change than leaving full of regrets which unfair enough to blame Bitcoin because of their fault.
Such failure could actually be changed to a right ione f they want to and being an open-minded person that accept other opinion. I hope these people will realize earlier and become proactiveto every mistakes that they've done.

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October 26, 2020, 02:05:48 AM
 #165

~~~
Frustration, disappointment, being hopeless becauseof bad experience? People who easily hooked up thinking easy money will usually get fall into this scenario. That is something they need to change than leaving full of regrets which unfair enough to blame Bitcoin because of their fault.
Such failure could actually be changed to a right ione f they want to and being an open-minded person that accept other opinion. I hope these people will realize earlier and become proactiveto every mistakes that they've done.
The mistakes and failures that they experience should be learning for them how to accept the risks that occur when they happen to them, in bitcoin of course we will feel all that frustration for me is a common thing in the world of cryptocurrency, so indeed this can be changed as long as we have which abilities we master include in trading skills and analyzing it is very important, therefore a mistake will make you more confident in what you are dealing with.

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October 26, 2020, 02:58:54 AM
 #166

some people stop at failure and many people don't stop when they fail they focus on the future and believe in achieving success in the future,
I believe that many people have failed and they rise to success.

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October 28, 2020, 04:34:58 PM
 #167

I have seen lots of people gave up on bitcoin in early 2015 or 2016, then when the 2017 bull run started, they regret selling bitcoin too early. So those people came back and bought at a higher price. My advice would be, never give up on bitcoin. What bitcoin can do nobody else market can do, it can make you richer very quick, if you know how to trade.
This is what is bad with giving up, those that give up too soon then will come back to the market and will try to make profits in it once the price of everything is overvalued and that is not the way to make profits, smart investors enter in market when there is a big drop or when there is not a lot of movement and sell once the market has appreciated significantly, this is why holding your coins is recommended as it is really difficult to time the market correctly and it is better to just wait until the market decides to go up.



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Rainbot
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October 29, 2020, 03:03:10 AM
 #168

I think this people has lack of patience that is why they tend to give up easily with the technical movements of bitcoin. They wanted to get profits so quick and obviously they don't want to hodl their bitcoins for too long, or maybe there are just an extreme need of money that's why they need to sell their digital currency quickly. Perhaps this people have their own reasons behind giving up so early and we should just respect them. This act will make them realized about holding their assets though, for greater profits in the future and they will surely learn somehow.
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October 29, 2020, 04:43:27 AM
 #169

I think this people has lack of patience that is why they tend to give up easily with the technical movements of bitcoin. They wanted to get profits so quick and obviously they don't want to hodl their bitcoins for too long, or maybe there are just an extreme need of money that's why they need to sell their digital currency quickly. Perhaps this people have their own reasons behind giving up so early and we should just respect them. This act will make them realized about holding their assets though, for greater profits in the future and they will surely learn somehow.
Probably lack of knowledge too, if they are knowledgeable, they would understand what bitcoin is, its nature and its potential, hence they will not be afraid of holding long because those investors who are enjoying their profit now are those who really trust the world "HODL".

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October 29, 2020, 05:04:29 AM
 #170

I think this people has lack of patience that is why they tend to give up easily with the technical movements of bitcoin. They wanted to get profits so quick and obviously they don't want to hodl their bitcoins for too long, or maybe there are just an extreme need of money that's why they need to sell their digital currency quickly. Perhaps this people have their own reasons behind giving up so early and we should just respect them. This act will make them realized about holding their assets though, for greater profits in the future and they will surely learn somehow.
Probably lack of knowledge too, if they are knowledgeable, they would understand what bitcoin is, its nature and its potential, hence they will not be afraid of holding long because those investors who are enjoying their profit now are those who really trust the world "HODL".
Indeed. Others will find bitcoin interesting and worth it if they don't lack patience and knowledge about it. Most people wanted an instant profit, but bitcoin doesn't work that way, which is why they give up too early without knowing that bitcoin is worth the wait if they hold it in the long-term and understand its real value. I think many people have financial issues in life. Still, they don't need to rush themselves to earn considerable profit in an instant by just buying bitcoin; they also need to become independent, dedicated, diligent, and enthusiastic, just like working in a real job for them to get rich with it.

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October 29, 2020, 05:17:59 AM
 #171

I think these people tried to invest fast on bitcoin without doing a little research in everything, we all know that cryptocurrency is complex and not easy to understand so if you lend your money that fast without knowing everything, you are taking risks of your money. Maybe you should study little information first so you can secure your funds. And when you are already knowledgeable you can try and if you fail, keep on trying because you might invest in such a project that fails also. Failure is natural, just do not stop and keep trying.

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October 29, 2020, 05:53:47 AM
 #172

I think these people tried to invest fast on bitcoin without doing a little research in everything, we all know that cryptocurrency is complex and not easy to understand so if you lend your money that fast without knowing everything, you are taking risks of your money.

they invest too snappy and they fail and say im going to quit because btc is not what i expected too . that was the mindset of people that dont want to learn beyond the concept on why btc is created but they only foccus on the outside appearance  . not all have the same i.q but some are smart and can think fast , they know that btc can do more  , same to the old users that were already involved on btc but lets faced it that at some point of our lives we feel tired or got bored on the same sh8t happening , that could be the reason why they decide to quit btc but they can always come back soon if they wanted too
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October 29, 2020, 07:55:07 AM
 #173

Many people plan to give up bitcoin after failing but there are many traders who try to overcome the failure and start investing in bitcoin anew there will be risks in investing in bitcoin you have to be patient and control your mind bitcoin will be a much better currency in the future when it comes to investing. success is possible only if you do not give up and use your experience to move forward.
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November 01, 2020, 07:37:58 PM
 #174

I think this people has lack of patience that is why they tend to give up easily with the technical movements of bitcoin. They wanted to get profits so quick and obviously they don't want to hodl their bitcoins for too long, or maybe there are just an extreme need of money that's why they need to sell their digital currency quickly. Perhaps this people have their own reasons behind giving up so early and we should just respect them. This act will make them realized about holding their assets though, for greater profits in the future and they will surely learn somehow.
At least to me one of the biggest problems with many people coming to this market is that their expectations are too high, this is not completely their fault, as exchanges and several other businesses use the possibility of making great profits almost overnight as a hook to try to get people to come to this market, and while obtaining those kind of results are possible that is the exception rather than the rule, and once they enter this market and they realize they cannot make the profits they were looking for they decide to take even more risks to make their dream a reality not realizing this is a sure way to lose all your money really quickly.



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November 01, 2020, 11:53:36 PM
 #175

Many people plan to give up bitcoin after failing but there are many traders who try to overcome the failure and start investing in bitcoin anew there will be risks in investing in bitcoin you have to be patient and control your mind bitcoin will be a much better currency in the future when it comes to investing. success is possible only if you do not give up and use your experience to move forward.
To survive here, it really takes a strong strategy and mentality. The strategy is determined by the ability to analyze the market, then strengthened by a winning mentality. Experienced investors and traders will have already prepared plan B if the predicted scenario does not turn out as expected. It is not easy to panic, this cannot be obtained easily, it takes a lot of practice, even losses to be able to form a strong mentality.

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November 02, 2020, 12:27:32 AM
 #176

There must be people who stopped betting on Bitcoin, but I think that of the entire ecosystem that Bitcoin dominates it should represent 5% and I think it is a lot, really the Bitcoin hodlers have increased, a lot of investment by young people is being present , there is less fear, and adoption is a fact, you have to look at paypal the way it has determined to accept bitcoin. This and many payment platforms are going to adapt bitcoin to their means of payment.

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November 02, 2020, 05:16:20 AM
 #177

From my own experience, I would urge everyone to hold their coins. I am the fool who sold 30 BTC in 2015, for $200 per coin. Just imagine what I could have done, if I had all these coins now. Not a day pass by when I don't regret about my decision. But then, we can't travel back in time and reverse our decisions. All I would say to the noobs here, is not to make the same mistake that I did in 2015.



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[15.00000000 BTC]


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November 02, 2020, 05:48:18 AM
 #178

From my own experience, I would urge everyone to hold their coins. I am the fool who sold 30 BTC in 2015, for $200 per coin. Just imagine what I could have done, if I had all these coins now. Not a day pass by when I don't regret about my decision. But then, we can't travel back in time and reverse our decisions. All I would say to the noobs here, is not to make the same mistake that I did in 2015.

Frankly speaking, it is a very good thing for us all that we cannot travel back in time. Just imagine if everyone could do so, and everyone would mine and hold their bitcoin without using it for transactions because they would know that it would supposedly cost billions in the future: it would have killed bitcoin at the very beginning! If Laszlo Hanyecz had never bought his pizza for bitcoin and held it instead, bitcoin would not have recognized as means of payment. People wouldn't have adopted bitcoin, it wouldn't have been used as payment on Silk Road, and wouldn't have attracted the attention of millions of people. Never regret your past purchases with bitcoin, because if you were merely holding it, bitcoin would never be valuable, and you wouldn't have anything to regret.
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