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Author Topic: Have you changed your mind about BTC over time?  (Read 5847 times)

Offline MUGNIA

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Re: Have you changed your mind about BTC over time?
« Reply #15 on: November 16, 2024, 05:54:36 PM »

What do you think? Do you have the same opinion?
Getting to know Bitcoin, I initially followed an online friend who had previously played in crypto, and he said that I could get BTC and other altcoins for free without having to buy them, where I was introduced to bounties and airdrops, but over time I understood that investing in crypto was better and more profitable than saving in a bank.

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Re: Have you changed your mind about BTC over time?
« Reply #15 on: November 16, 2024, 05:54:36 PM »

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Offline JISAN

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Re: Have you changed your mind about BTC over time?
« Reply #16 on: November 16, 2024, 07:26:44 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.
Anyone who invests in Bitcoin aims to make a good profit from it even though there are many other coins in the market, the reason why everyone is attracted to Bitcoin is because it is much less risky than other coins because the whole world is now buzzing about Bitcoin.  And developed countries are supporting Bitcoin so investing in Bitcoin is now becoming risk free.  That's why I was afraid of Bitcoin earlier, but now I have complete confidence in Bit by bit that long-term investment here is guaranteed to profit.
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Re: Have you changed your mind about BTC over time?
« Reply #16 on: November 16, 2024, 07:26:44 PM »

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Re: Have you changed your mind about BTC over time?
« Reply #17 on: November 16, 2024, 07:52:31 PM »
Yes and I'm glad I did.. Bitcoin was beginning to be popular forum where I am active as if everyone is joining the Bitcoin bandwagon, the price back then was moving up at a very good rate what people back then are on a buying spree, this is where I started to accumulate buying Bitcoin when it's making a dip and selling it at good price, from then I learn the basic and fundamentals of Bitcoin and other Cryptocurrency and I never look back.
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Offline UNIVERSE

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Re: Have you changed your mind about BTC over time?
« Reply #18 on: November 16, 2024, 08:58:15 PM »
Anyone who invests in Bitcoin aims to make a good profit from it even though there are many other coins in the market, the reason why everyone is attracted to Bitcoin is because it is much less risky than other coins because the whole world is now buzzing about Bitcoin.
Exactly, dude. Everyone who invests in Bitcoin, he/she wants to get profits as many as possible.
Yes, Bitcoin is the safer than any other crypto coins. Bitcoin is the main crypto coin as well, so it will be the priority of everyone when they invest in crypto coins. It makes Bitcoin easily to have bigger market caps if we compared with other coins. So, it is true that Bitcoin  isn't as risky as other coins.

And developed countries are supporting Bitcoin so investing in Bitcoin is now becoming risk free.  That's why I was afraid of Bitcoin earlier, but now I have complete confidence in Bit by bit that long-term investment here is guaranteed to profit.
What you mean by risk free? I think it doesn't remove the risk on Bitcoin, Bitcoin is always a risky investment. However, it is normal, there is no investment that has no risk in this world. Sure, Bitcoin is suitable for holding a long term although we must be patient to hold it because sometimes we must deal with bad news/issues (FUDs).


Offline libert19

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Re: Have you changed your mind about BTC over time?
« Reply #19 on: November 17, 2024, 10:58:39 AM »
Back in around 2014, when I came to hear about Bitcoin for the first time, I thought it was some illegal stuff, the only things I knew back then was that it had price and was used in dark web for shady stuff because of it's anonymous nature.

Overtime, my opinion of it naturally changed, though I can't pinpoint what exactly made me change it.

Offline Rubel007

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Re: Have you changed your mind about BTC over time?
« Reply #20 on: November 17, 2024, 11:56:07 AM »

What do you think? Do you have the same opinion?
Getting to know Bitcoin, I initially followed an online friend who had previously played in crypto, and he said that I could get BTC and other altcoins for free without having to buy them, where I was introduced to bounties and airdrops, but over time I understood that investing in crypto was better and more profitable than saving in a bank.
Maybe you can get some altcoins by joining the bounty but it is unlikely to be much for your needs. If you try to invest your won assets then you can do that according to your desire and ability. But what happened in my case I didn't know about Bitcoin through any friends but I came to know from online platform but sadly even though I had money I didn't trust Bitcoin at that moment but with time I changed that misconception.

Online MRY

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Re: Have you changed your mind about BTC over time?
« Reply #21 on: November 17, 2024, 07:10:31 PM »
Maybe you can get some altcoins by joining the bounty but it is unlikely to be much for your needs. If you try to invest your won assets then you can do that according to your desire and ability. But what happened in my case I didn't know about Bitcoin through any friends but I came to know from online platform but sadly even though I had money I didn't trust Bitcoin at that moment but with time I changed that misconception.
The journey in the crypto world often starts with a question mark, mainly when the amount of information which is available with the person is still quite limited. The natural feeling at the start is unsure of oneself, especially with new innovations such as Bitcoin or other digital assets . But as time progresses and we find ourselves surrounded by more information it is possible to replace these doubts with confidence grounded in experience and knowledge. The first step is the hardest but changing perceptions is part of the learning process anyway.

That said, for those of us who are operating from outside this ecosystem, it is never too late to look at what exists. Maybe the first time we feel like it is slow or did not have an impact as it should, it is an invitation for growth. Education must go on and it’s good to be wise in whatever we select and make use of an opportunity. We also can create a better base to stand for the opportunities of the crypto world as it is possible with time and efforts.
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Re: Have you changed your mind about BTC over time?
« Reply #21 on: November 17, 2024, 07:10:31 PM »


Online Azharul

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Re: Have you changed your mind about BTC over time?
« Reply #22 on: November 18, 2024, 10:19:09 AM »
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 that you also create a correct opinion in this post. Because if we follow in cryptocurrency market,we can see that Bitcoin price is increasing rapidly in this moment. So I think that we should be changed our mind in bitcoin. In this time we also be investment in this crypto. Because we can see that bitcoin price will increase rapidly in cryptocurrency market. So I believe that if we hold or invest bitcoin it must be correct decision for us.
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Offline Blaze

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Re: Have you changed your mind about BTC over time?
« Reply #23 on: November 18, 2024, 09:08:12 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?
I think that you also create a correct opinion in this post. Because if we follow in cryptocurrency market,we can see that Bitcoin price is increasing rapidly in this moment. So I think that we should be changed our mind in bitcoin. In this time we also be investment in this crypto. Because we can see that bitcoin price will increase rapidly in cryptocurrency market. So I believe that if we hold or invest bitcoin it must be correct decision for us.
While observing the further growth of Bitcoin’s values., we can understand that this asset is worth investing in the long-run. But, one must not forget that such investments cannot be made purely from trends which are prevailing in the market. Returning to our example, we have to make further analysis, what determinates prices and how crypto ecosystem is evolving, so every move is grounded with information.

Investing in Bitcoin also has a bear with other financial obligations or wants that need to be met. Therefore, one can allocate some of the other assets to sectors which will capture the opportunities in Bitcoin while at the same ensuring that in the short run the money is secure. This way, we are able to preserve the sustainability of investments and, at the same time, be prepared for any latter market conditions.

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Re: Have you changed your mind about BTC over time?
« Reply #24 on: November 18, 2024, 10:03:26 PM »
My mind about Bitcoin hasnt changed at all. When I first read about cryptocurrencies, people always wrote about how much they have earned, how they mine via cheap electricity and earn, how they participate in airdrops and bounties. Never anyone has spoken about being anonymous, making transparent yet unknown-to-unknown payment. All the time it was about money only. My first purchase of crypto was oriented on making money. Since then, nothing really changed. But I would like to add, that I dont remember that I had to to make anonymous payment. I dont remember that I had to buy something illegal or get a special service. I dont remember any case that I had to hide my expenses.
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Re: Have you changed your mind about BTC over time?
« Reply #25 on: November 19, 2024, 04:35:24 AM »
My mind about Bitcoin hasnt changed at all. When I first read about cryptocurrencies, people always wrote about how much they have earned, how they mine via cheap electricity and earn, how they participate in airdrops and bounties. Never anyone has spoken about being anonymous, making transparent yet unknown-to-unknown payment. All the time it was about money only. My first purchase of crypto was oriented on making money. Since then, nothing really changed. But I would like to add, that I dont remember that I had to to make anonymous payment. I dont remember that I had to buy something illegal or get a special service. I dont remember any case that I had to hide my expenses.
Most of our encounters with Bitcoin start with the option of obtaining profits, but when people come to understand what the technology is all about then they change their perception. While it is a financial asset, it provides insights into the world financial systems by breaking away from geographical restrictions on transaction. Perhaps, we will never utilise this anonymity per se, yet, having it as an option increases the privacy factor’s worth. Lastly, people’s experiences determine their discrete ways of applying Bitcoin; that demonstrates the versatility of this technology.

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Re: Have you changed your mind about BTC over time?
« Reply #26 on: November 19, 2024, 07:07:33 AM »
The environment really affects a person's mindset, that's why you have to have a good environment and have the potential to guide you for the future... I was once in your position, where when I wanted to sell BTC, there were still many people who suggested waiting for important moments ahead... some of their opinions that made sense, I used as a reference and some opinions I ignored because of their illogicality in recommending something.

Until now, I am still holding some BTC, because it is quite logical for BTC to experience a bullrun until at least the end of 2024... but I have sold some BTC, this is also thanks to some suggestions and input from friends here.

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Re: Have you changed your mind about BTC over time?
« Reply #27 on: November 19, 2024, 02:14:37 PM »
My mind about Bitcoin hasnt changed at all. When I first read about cryptocurrencies, people always wrote about how much they have earned, how they mine via cheap electricity and earn, how they participate in airdrops and bounties. Never anyone has spoken about being anonymous, making transparent yet unknown-to-unknown payment. All the time it was about money only. My first purchase of crypto was oriented on making money. Since then, nothing really changed. But I would like to add, that I dont remember that I had to to make anonymous payment. I dont remember that I had to buy something illegal or get a special service. I dont remember any case that I had to hide my expenses.
Most of our encounters with Bitcoin start with the option of obtaining profits, but when people come to understand what the technology is all about then they change their perception. While it is a financial asset, it provides insights into the world financial systems by breaking away from geographical restrictions on transaction. Perhaps, we will never utilise this anonymity per se, yet, having it as an option increases the privacy factor’s worth. Lastly, people’s experiences determine their discrete ways of applying Bitcoin; that demonstrates the versatility of this technology.

Do people who own or trade Bitcoin today care about anonymity or technology? I think that some of they dont even know what Bitcoin is. They just see "BTC" on their screen and how its price change, and only operate with buy-sell buttons and that is it. Most people have dollar signs in their eyes when talk is about crypto or BTC. And only those who were in Bitcoin origins had global understanding about Bitcoin. I believe that only a tiny part of Bitcoin users use it for its intended purpose. Many, and majority in this topic use it only to earn, and that was their original vision on it. Which means that in general people's mind hasnt changed much.
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Re: Have you changed your mind about BTC over time?
« Reply #28 on: November 19, 2024, 02:28:47 PM »
What do you think? Do you have the same opinion?
I have not thought not selling off my bitcoins and holder of fiat. Never. And all what I have thought was to sell small unit to buy landed properties and build Estate to do physical investment business in the urban city. Though I have seen someone that sold off all his Satoshies (bitcoin) and keep them in fiat but I see that has fear of the unknown because when I asked he told me that, he sold them because he doesn't know when the price will come down but ironically the price soar after he has sold everything.

And those who are afraid of the market price are those who are investing for short term and not not long term. But if the person is investing for long term, he will never be afraid of the market and planning to sell off his bitcoin for Fiat.
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Offline satpol_PP

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Re: Have you changed your mind about BTC over time?
« Reply #29 on: November 19, 2024, 07:06:57 PM »
What do you think? Do you have the same opinion?
I have not thought not selling off my bitcoins and holder of fiat. Never. And all what I have thought was to sell small unit to buy landed properties and build Estate to do physical investment business in the urban city. Though I have seen someone that sold off all his Satoshies (bitcoin) and keep them in fiat but I see that has fear of the unknown because when I asked he told me that, he sold them because he doesn't know when the price will come down but ironically the price soar after he has sold everything.

And those who are afraid of the market price are those who are investing for short term and not not long term. But if the person is investing for long term, he will never be afraid of the market and planning to sell off his bitcoin for Fiat.
I intend to sell some of my bitcoins next year during the bullish season and will hold some for the long term, maybe up to 5 years. Because maybe next year the price of bitcoin will reach a price of more than $ 100K but I will not sell all my bitcoins.
I still have a plan to hold for the long term. And that is part of my initial plan, based on analysis and seeing the development of bitcoin which is getting more expensive every day.

 

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