People screw up, not Bitcoin

I’ve noticed that one major issue with Bitcoin is how people tend to blame it for their own mistakes... You see it all the time. Someone buys in at the peak because of all the hype, skips the necessary research, leaves their cash on some random exchange, or falls for those "double your money" scams. And when things go south, all you hear is "Bitcoin is a scam." But was it really Bitcoin that failed them... or was it just poor choices? People put way too much trust in strangers, chase after quick gains, overlook security, and then point fingers at the system instead of owning up to their own screw-ups. It’s kind of ridiculous... Bitcoin offers freedom, for sure, but that freedom without taking responsibility can be pretty risky. I’ve come to see the real issue isn't even the volatility of Bitcoin... it's people wanting independence without any self-discipline.

I do 1000% agree with you haha people often read the news when bitcoin and top buying it like crazy and while there is bad news they sell everything at loss and blame crypto hahaha i dont think they are investor or anything, they are just trader with lof of emotion or seasonal trade depends on news haha. Bitcoin doesn’t fail people.... People fail bitcoin This is a great thread Bro Bitcoin volatility isnt a problem its a feature of crypto itself, This is made bitcoin or crypto is crypto you know what I am sayin. Stock gold or other commodities is volatile but I dont think is on par with bitcoin or crpto and I like it.

Well said, The problem isn’t bitcoin actually, but probably the wrong approach to bitcoin and afterwards blaming the whole system for the mess you’ve made. By nature bitcoin is volatile and it’s the reason why it’s not the best to use for daily transactions as we use the stable coins. But then again if it’s not volatile there won’t be that high RIO over a long time. Study has shown that those who blame the system for their own personal mistakes might have taken the wrong approach to every form of investment and not just bitcoin alone. Honestly people need to be awakened to not go into any form of investment without proper understanding of the process involved.

Love it! Freedom isn't really freedom, it comes with a cost. Just like how there will never be peace without war. People don't want to take responsibility, this is what I feel the real problem is, lack of responsibility is why someone wouldn't want to get disciplined, put your coins in the hands of a centralised exchange to do the keeping for you is something that still surprises me. The reason why Bitcoin exists in my opinion is really for those few people who want to take control over everything, bitcoin suits those who wants to get away from centralised authority and and truly in charge of their money, in Bitcoin.

This is tantamount to blaming a tool (in the case of bitcoin, a financial one) for one's own inability to use it rationally. If you accidentally hit your finger with a hammer, that doesn't mean the hammer is bad. It's always easier to blame bitcoin than to admit your mistakes, analyze them, and prevent them from happening again. Ideally, you shouldn't blame yourself, but rather work on your mistakes and take responsibility into your own hands (analyze events before taking action, and only then invest if it's profitable and the risks are low). The real problem is the inability to correctly (profitably) use a financial instrument such as bitcoin.

For these two lines, two terms of crypto are well-known. The first one is FOMO (Fear Of Missing Out) when those weak-minded people see that Bitcoin is now heating up, and it can be the best chance to earn some profits from its market, and when they enter the market, it's already too late, and they fall prey to FOMO here. The second one is FUD( Fear, Uncertainty, and Doubt), and when Market start to crash, this term plays its role in such conditions to bleed the market where people start to sell thier holding in a rush, being panic and all they have to face is loss. So, good research is always needed if one wants to make a profit from this space. I also agree with you here. It's the behaviour and nature of the digital market, which is volatile and fluctuates. Because of its demand and supply factors. Because when someone sells, the supply gets back in the market, which in result the market shakes a little, and in the same way, when someone buys, the market goes up because the supply is taken by someone, which increases the asset demand. So there is nothing to worry about, such a thing as why it is volatile. And for me, it is normal. This is a common thing that newbies need to understand before jumping into the crypto space. What do you say?

You are correct because most of the people who claim they lost money investing in Bitcoin are either ignorant or impatient. Some of them ended up selling their Bitcoin because of FUD. There is no way you can lose money investing in Bitcoin if you didn't panic sell. This is because Bitcoin has always beaten its ATH in every bull market. So anyone who is patient will make profit if he keeps the coin for a longer period. Discipline, planning and patience are important in dealing with in Bitcoin. Having an emergency fund should be part of the planning process to avoid sudden dumps due to uncertainties.

It's precisely this frenzied buying that drives Bitcoin to such high prices. Buying at its all-time high wasn't a bad decision, in my opinion. While you don't benefit from volatility, you do benefit from functionality. So ppl never fail bitcoin; it simply selects those who truly want to treat it as a means of payment or just speculation.

Once we call something a decentralized digital currency, it has already created an avenue for us to be in control and determine how profitable we can be with our investment decision on Bitcoin, the lack of knowledge is what is affecting most investors today in Bitcoin because they are interested in making a profit but do not have the solid background knowledge of how the Bitcoin network operates.

The market works like that, so if there is no supply, it is certain that Bitcoin will not develop this far. There are numbers that have been agreed upon in the transaction process and they consciously made that decision. But in the end, they missed the moment and ultimately made them disappointed and blame the situation. People who are experienced understand the risks of the crypto industry. If not a loss, then profit, and many people are disappointed because of this issue but do not realize that it is their own mistake. Only a fool blames Bitcoin because all control lies with people, not Bitcoin.

Well, money on its own will always fail unless backed by an infallible CREATOR. So, it's the infallible ONE rather than Bitcoin that you ascribe that to, without HIM Bitcoin fails. What you build on solid foundation, like Bitcoin (the system) itself, is bound to be as solid as the foundation it's built on. For example, a house carved entirely out of a rock stays as strong as the rock. When it comes to glorification, it goes to the rock which makes the house strong. The CREATOR is like the rock. An open secret or a hint to success in Bitcoin is to understand the foundation it's built on. If participants continue to build on the foundation, Bitcoin continues to grow strong, otherwise you become cautious. This is part of what new participants should be aware of, and ofcourse they need lots of discipline to stick to it.

I totally agree with what you 100% regarding what you just said above as regards to Bitcoin volatility not been the major challenge why people fail with their Bitcoin investment and adoption, but ignorance to know how it works, and the best safety measures of securing it has always been the major challenges of Bitcoin adoption among locals. Because the truth was that when Bitcoin started becoming popular back in 2020 during & after COVID-19, the majority of people who venture into it, saw it as an avenue to make quick money just like an investment scheme. But when they got into it and saw that it's outcome wasn't what they expected, some got discouraged and withdrew their money at loses, and likewise some left theirs at crypto exchange which later got hacked. So truly, failure to get the right knowledge about it was their biggest fault.

Exactly the point. I’ll always say this  “we all know what we are doing” because at this point everyone knows the thirst for quick gains often ends in ruins in every work of life, yet some of us are still gullible to take that route. These mistakes are made by choice imo

Everything you said is very correct, and I was one of such persons. I got scammed of my first Bitcoin, and it was all my fault. I bought it and participated in a Ponzi scheme, and I lost everything. The sad experience almost kept me away. It took me years to make another purchase, and that was after I had researched more to be able to distinguish between Bitcoin and a Ponzi scheme. The responsibility here is knowledge. Knowledge about what we are investing in. When to buy, how to buy and how to keep it safe. If we fail to acquire the basic knowledge, then we are responsible for whatever fate we may suffer.

FUD have always been an unseen weapon that points to weak hands and they will rush and sell their Bitcoin instead of holding it firmly, many speculations are unfounded and if you keep listening to them you will sell your Bitcoin prematurely. Bitcoin has not failed and as a matter of fact it is gaining rapid adoption since more people are becoming aware that it is a store of value and a hedge against inflation for fiat that central banks can reprint at will. Some people still thinks that Bitcoin is a get rich quick scheme and that is why they are falling for the lies of scam Bitcoin investment platforms, I've heard about a few of them that later shutdown and made away with investors funds. It is a pity if someone falls for such cheap scams and blames Bitcoin for their ignorance. There are yet others that don't know the difference between Bitcoin and altcoins, they will use their hard earned money to buy memecoins thinking that they are all like Bitcoin, when they got scammed they will blame cryptocurrency including Bitcoin for their lose.

Do you know the set of people that are much worse?... Those who just don't like Bitcoin despite not having any personal experience... Lol, but that aside, the thing is, everything that concerns Bitcoin is not new, from volatility, to avoiding scams, to negative sides of Cex platforms, etc, these things aren't actually new. A lot of people just fail to recognize the fact that they exist, so they end up becoming victims of their own ignorance. The earlier people start to recognize all these things, the better for them.

I don’t even think they are worse because the people I think that are worse are those self acclaimed influencers who have hate for bitcoin even though they know the truth about it and instead of actually admitting their mistakes to their audience they prefer to actually just stick with the narrative they have spread all this years, just to stay relevant, this are the real enemies of bitcoin. One thing I have come to realize about people who actually blame bitcoin when something goes wrong either through bad investment or got scammed is that humans do not want to be accountable for their own actions which lead to mistakes. That’s why you see someone who actually lost $200k due to having it on hot wallet blames bitcoin for it

That is very true, and I have been saying this for a very long time. There are so many people who trade very badly at the very wrong times and they blame bitcoin and crypto and call it a scam when in fact it was their own stupidity that caused their own situation. I have to say that when you are dealing with this, it's smarter to stay away from it as much as possible and ignore those kinds of people. They will always blame something else or someone else, I have seen some people invest into shitcoins I have never heard of, and then blame crypto being a scam as the reason why they lost all their money. I am sorry but if you are investing into something nobody heard of, and then you blame the market, that is your own problem.

Bitcoin investment is not just buying the dip and selling when it goes high. You have to carefully understand the Bitcoin investment strategy and then act accordingly. Your bitcoin investment will be successful only if you are willing to invest and then wait for long term like 5 years or more. Those who think that they will invest today and after a month or two they will get huge profit are the one who call bitcoin a scam. Those who understand that Bitcoin is for long term are the real winners.

Most of us are impatient in the process of subscribing to Bitcoin, whether it's the investment or trading side, many of us are not aware of it, because we often blame Bitcoin for everything. The reality of real Bitcoin has shown some evidence from year to year, such as halvings and new price changes, but we are not aware of that, even though we always ask when the halving is and so on, but we never learn about it all. We can see that two years before the halving occurred, many people bought and kept Bitcoin, unfortunately when the Halving occurred, Bitcoin assets went to zero, which is what we often do ourselves.