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Author Topic: Have you changed your mind about BTC over time?  (Read 5840 times)

Online rdluffy

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Have you changed your mind about BTC over time?
« on: November 15, 2024, 08:46:43 PM »
When I got to know Bitcoin in 2017 it was through ETH, and at first I just wanted to make some money and that would be fine

As time went by, other people's ideas and opinions, especially on forums, about BTC, left me with doubts, such as BTC being worth 1 million, BTC being used by governments, BTC being used as a hedge against inflation, or as a way for people living in countries with horrible governments

I realized that I've changed my mind a lot, and if in the beginning I just wanted to sell BTC and have more fiat money, today I can't imagine not having a good amount in BTC for the future. I would feel uncomfortable if I now sold all my satoshis and kept only fiat

What do you think? Do you have the same opinion?

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Have you changed your mind about BTC over time?
« on: November 15, 2024, 08:46:43 PM »

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Offline EluguHcman

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Re: Have you changed your mind about BTC over time?
« Reply #1 on: November 15, 2024, 09:11:41 PM »
What do you think? Do you have the same opinion?
At backdating my thoughts about cryptocurrency, Bitcoin has only been what I hears from people around me and crypto currency was  briefly explained to be otherwise known to be Bitcoin

I learnt about Ethereum lately after I have already defeated my doubt that Bitcoin is not a scam as was speculated and then I adopted it at last.

My only regrets would be if I am still at the class of blind doubts while I see lot of enthusiasts making good profits with their investment on Bitcoin.
But at today, I feel grateful that I am among those benefitting from the utility potentials of Bitcoin. I am proudly a bitcoineer as seemed.

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Re: Have you changed your mind about BTC over time?
« Reply #1 on: November 15, 2024, 09:11:41 PM »

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Offline Mia Chloe

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Re: Have you changed your mind about BTC over time?
« Reply #2 on: November 15, 2024, 09:18:50 PM »
Yes of course for those that have stayed long in the Bitcoin ecosystem you will definitely have learned a lot that would make you believe more in Bitcoin and investment in general. Before now although I knew cryptocurrency to a nice extent I didn't actually seclude bitcoin that much from other cryptocurrencies as a better form of investment. In fact as at then ethereum was doing pretty good on like now which it's supply is actually affecting its price.

There are many reasons you have made me take bitcoin as a more serious cryptocurrency and investments in general. One of them is privacy another is transparency and volatility in a good form. with bitcoin investment you really don't have to worry much about sudden dips.
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Re: Have you changed your mind about BTC over time?
« Reply #3 on: November 15, 2024, 09:49:04 PM »
What do you think? Do you have the same opinion?
My story is different. I was able to find out more about bitcoin when I knew it was money and something valuable. I knew how it is having a limited supply and how it can become scare in the future. This is the reason I hold bitcoin but not forever but I prefer to buy bitcoin during bear market and sell during bull market. But the fact still remain that bitcoin is a hedge against inflation and it is an investment.

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Re: Have you changed your mind about BTC over time?
« Reply #4 on: November 16, 2024, 04:07:47 AM »
What do you think? Do you have the same opinion?
if my mind changed about bitcoin it is only because my confidence and belief has gotten stronger it might be difficult at times but i had learned to fully trust bitcoin and not be swayed by fud or anything like that

now i see that my decision to trust bitcoin is correct as i see it doing well year after year i am only excited for what is to come next

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Re: Have you changed your mind about BTC over time?
« Reply #5 on: November 16, 2024, 05:08:35 AM »
My story is quite similar to yours. The difference is probably the beginning. I stumbled upon Bitcoin because I was trying to make money from online gigs. I found out about bounties, participated in one of them, and then experienced the bull season although I failed to capitalize on that opportunity. As of now, I'm trying to convert my wealth to Bitcoin slowly. I'm using it regularly to pay for cheap stuff like VPN service and so on. Most of my BTC is stored in a cold wallet though, so I do use BTC as an investment and currency.

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Re: Have you changed your mind about BTC over time?
« Reply #6 on: November 16, 2024, 07:27:24 AM »
I actually started in Bitcoin with nothing in mind except that I need to have some BTC which I can use to enter some "get-rich-quick" or Ponzi-type programs which exploded back in 2013. Had I realized that one day Bitcoin  can be as valuable today, I could have buy more and HODL like there is no forever. One thing for sure, we are just humans and there is nothing permanent but change. Over time, I realized many good things on Bitcoin but there were times when i gave up on it resulting me letting go of my small hoard of Bitcoin in exchange for some shitcoins...which actually made me so sad especially on the light of the things happening today. As to making good money from Bitcoin, I could have already been a millionaire today (using my country's standard) and be financially independent but I made mistakes and I am suffering the fallouts of those mistakes right now. Right now, I firmly believe that eventually Bitcoin can be worth a million dollar one day and we should continue to accumulate and hold them dear.

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Re: Have you changed your mind about BTC over time?
« Reply #6 on: November 16, 2024, 07:27:24 AM »


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Re: Have you changed your mind about BTC over time?
« Reply #7 on: November 16, 2024, 12:43:56 PM »
What do you think? Do you have the same opinion?
I think it's common for most cryptocurrency investors to change their minds.
The idea that I think is better now is to go and make a big investment every bear season or continue with DCA management for long term bitcoin investment. And later, when there is a good profit or a good amount in a bad season, then you have to sell bitcoins and buy them again in the next bear season, and in the meantime, buy some other assets such as gold or lands with bitcoin sales, so that your main fund will increase. Will receive.

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Re: Have you changed your mind about BTC over time?
« Reply #8 on: November 16, 2024, 03:41:44 PM »
When I got to know Bitcoin in 2017 it was through ETH, and at first I just wanted to make some money and that would be fine

As time went by, other people's ideas and opinions, especially on forums, about BTC, left me with doubts, such as BTC being worth 1 million, BTC being used by governments, BTC being used as a hedge against inflation, or as a way for people living in countries with horrible governments

I realized that I've changed my mind a lot, and if in the beginning I just wanted to sell BTC and have more fiat money, today I can't imagine not having a good amount in BTC for the future. I would feel uncomfortable if I now sold all my satoshis and kept only fiat

What do you think? Do you have the same opinion?

I think bitcoin changed. Back in 2017, it was much harder to buy. Much harder to find information about it.

Mainstream media barely talked about it... there was no institutional money and it was much more volatile.

Now  bitcoin changed.  mainstream media talks about it daily. Everyone knows what it is.

Ofc basically everyone changed their mind about it
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Re: Have you changed your mind about BTC over time?
« Reply #9 on: November 16, 2024, 03:50:10 PM »
I totally get how you feel. At first you saw Bitcoin as way to make money but as you learned more you realized its bigger value. You heard people exciting ideas about Bitcoin future like its growing worth and widespread use and protection against financial uncertainty. Now holding Bitcoin makes you feel secure and comfortable for long term. You are not satisfied with just traditional money anymore and that is common change of heart among crypto fans. And mostly think think this after entering this crypto world.
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Re: Have you changed your mind about BTC over time?
« Reply #10 on: November 16, 2024, 04:07:38 PM »

I think majority of us are already seeing BTC to be the top dog in crypto long time ago. There are only a few who are purely into altcoins but then also owns BTC.

Since we learn BTC is going to be ahead among all even before they 2017. Anyone who doubts will soon change their views when Trump declares BTC reserves. I'm not really sure whether it's good or not but Trump is making crypto going to the moon.

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Re: Have you changed your mind about BTC over time?
« Reply #11 on: November 16, 2024, 04:46:18 PM »

I think bitcoin changed. Back in 2017, it was much harder to buy. Much harder to find information about it.

Mainstream media barely talked about it... there was no institutional money and it was much more volatile.

Now  bitcoin changed.  mainstream media talks about it daily. Everyone knows what it is.

Ofc basically everyone changed their mind about it

In 2017, at that time, I would never have imagined such strong institutional support

And what about you?
Do you plan to have BTC for your life or you're just waiting for a target price to sell and convert into fiat?

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Re: Have you changed your mind about BTC over time?
« Reply #12 on: November 16, 2024, 04:54:19 PM »
Do you plan to have BTC for your life or you're just waiting for a target price to sell and convert into fiat?

I will probably always have at least 5-10% of my overall portfolio of bitcoin.
I am affraid that sometime in the future inflation skyrocket, even in USD.... So bitcoin might be a good diversification
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Re: Have you changed your mind about BTC over time?
« Reply #13 on: November 16, 2024, 05:01:25 PM »
Well I also think the same, because I was once looking for an online hustle and Bitcoin came so as time passes by I realized Bitcoin would be very perfect as an asset for investment rather than a new form of moneythat is designed for payment purposes. Inflation is what makes me think Bitcoin is the best back-up asset as it cannot be affected by it.

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Re: Have you changed your mind about BTC over time?
« Reply #14 on: November 16, 2024, 05:50:12 PM »
When I got to know Bitcoin in 2017 it was through ETH, and at first I just wanted to make some money and that would be fine

As time went by, other people's ideas and opinions, especially on forums, about BTC, left me with doubts, such as BTC being worth 1 million, BTC being used by governments, BTC being used as a hedge against inflation, or as a way for people living in countries with horrible governments

I realized that I've changed my mind a lot, and if in the beginning I just wanted to sell BTC and have more fiat money, today I can't imagine not having a good amount in BTC for the future. I would feel uncomfortable if I now sold all my satoshis and kept only fiat

What do you think? Do you have the same opinion?
TBH I also can't resist my feelings that I also don't want to sell all the BTC (satoshi actually) I have as the market is on its first peak (which I think is) and hopefully everyone booked their profits and I was also attracted by the price so I also wanted to book and after thinking a lot I also learned that I don't want to sell all of my Satoshies even if I have to wait for another cycle or then another. I only sold half BTW.

Even if I would have sold all the satoshies and now I am with some stable currency, my mind would not rest until I put that money to work. I am finding alts to invest in and still finding BTC the best option to invest in.
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