Quote from: Dr.Bitcoin_Strange on June 30, 2023, 11:36:29 PM

Quote from: Kushan22 on June 30, 2023, 04:26:07 PM

After deep research and discussions on Bitcoin, I strongly believe its inventors have contributed greatly to humanity. If Bitcoin fulfills its purpose, it can significantly reduce poverty through its decentralized peer-to-peer transactions, rendering fiat conversion unnecessary.

The purpose of Bitcoin is to serve as a digital currency for p2p transactions; it was never created to end poverty, but since Bitcoin is a store of value, it has made some people millionaires as they accumulated it when price was low while the value increased with time. But Bitcoin should not be seen as what can put an end to poverty; a lot of people are getting it wrong with the motive of getting rich quick if they invest in Bitcoin. With such thoughts in mind, most people have lost their money because they never had enough knowledge of what they were doing. In Bitcoin investment, there's the rule that says, "If you don't sell cheap, then you have no loss." Some people do not live by those rules before investing, and after they have invested and discover that their capital is reducing due to market volatility, they just rush and sell.

Cheers 🥂, Dr.Bitcoin_strange

I think the cause to this "rush and sell " is the lack of knowledge about what you actually invested in, bitcoin should never be seen as a get-rich-scheme because its actually a currency and was created to solve the issue of centralized money system in the sense that you can actually be the bank to your own money but overtime it has gain fame and popularity due to its increase in value which many people who has and had the knowledge are still benefiting as an investment means.