Quote from: Nwada001 on July 30, 2023, 08:58:33 AM

Quote from: FirmWars on July 30, 2023, 08:39:28 AM

Before you say that I am talking trash, Bitcoin investment is like taking from some and feeding others, what this mean is someone is buying from you when you are dumping, it's like the world shape, it goes around.

describing bitcoin this way makes it appears like ponzi scheme, as the investment of new commers are what is being used to pay the already existing customers on the platform, at the end of the day if they don't get new sign-up and people ready to fall victim of their scheme, you realize that the platform willl short down, where there are always people who pay for the rich of others, others get rich using the downfall of the next person, At the end of the day their is always a a winner and a losser.

I actually have that same thought as how he described Bitcoin , when the truth is no one is getting from others instead we are here to decide for what we believe and trust in crypto , those who bought and sell at loss are the people that have denied their rright to profit so it is not our problem at all.

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But when it comes to bitcoin, We will always have those who are willing to buy and those who are willing to sell, and the value is determined by what the masses are willing to pay for it and based on its demand in the market.

again it is decisioning and it must be chosen and not to be blamed the market for this.

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Selling at any particular time is a choice; the same is also applicable to buying. If you decide to sell when the price is dumping and you happen to record some losses, that's on you, and the mistake that you made yourself shouldn't be shifted to others.

well the main point of OP is about helping others after we succeed in our investments and holding.

He believes that we are all Robin Hood here just because we risked our money.