Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
IceLincoln
on 24/06/2025, 21:55:00 UTC
What you call Faith is better referred to as Bitcoin understanding. Faith is more spiritual while Understanding is practical. If a person understands bitcoin, he can be able to invest all round the circle. He trusts that bitcoin could bounce back after a correction period. He does not panic when market dips. This is because of an investors understanding. On the other hand, men that have faith do more of prayers than practice, they pray when price deals (Which also implies panic). They can easily sell off their bitcoin in panic if after a period of prayer, asking that bitcoin returns to normalcy and it doesn't happen.

Most life achievements are not by faith but understanding and practice. An investor starts doing well in bitcoin the moment he understands bitcoin features and their implications. Faith is more stressful and less practical than understanding.  Sometimes when market correction takes too long, faith may not be able to preserve your bitcoin stash but a clear understanding of those principles can sustain your bitcoin for over long periods of market correction without panicking or running into unnecessary loss.
I disagree with you bubby, because faith is faith, understanding is understanding you can't refer to faith as bitcoin understanding in matters like this so stop complicating things here.  Even if faith is more of spiritual,  Let me also remind you something incase you have forgotten, there's an ideology here that says stay consistent in buying bitcoin and hold for long term 5 to 10 years or longer and you will be in massive profits, that's if you can be able to accumulate a good portion of bitcoin, protect it and hold it for long term. the things I just said above is what you can refer to understanding in bitcoin, because the people who brought that Ideology has gained knowledge and insights through experience less say people like JJG, Michael saylor and others who have gained knowledge and insights through experience. Now less come down to faith as we all know not all of us who are investing in bitcoin have gained knowledge and insights through experience, some investors here just started their bitcoin investment last year, some this year while some few years ago, now explain to me what is making bitcoin investors who are just getting started for the first time who had not gained knowledge and insights through experience, to stay committed to their bitcoin investment and Keep accumulating bitcoin consistently and hold? Bro that's Is faith playing it own role in bitcoin investment.
I don't understand why we're talking about faith in regards to Bitcoin investment. Let's not misunderstand or complicate the concept of faith, whether religious or otherwise. Faith has little to nothing to do with Bitcoin; it neither influences the market nor the investor. A newbie investor invests because they've seen evidence, results, and the history of Bitcoin's price charts, not because they have faith in Bitcoin.

The faith you're talking about seems to be about believing Bitcoin will do well, even when we haven't seen the future. However, that belief isn't really faith because we've seen Bitcoin's history and proofs of its value. We invest because we trust the process, the evidence, and we believe it'll keep going and doing better.

If you look at JJG's reply to your first post about faith and how he started, you'll see that he took his precious time to do proper research. From his findings, he was convinced to invest. He didn't just decide to invest and have faith that he'd make it.

Investing in bitcoin is not faith but evidence based decision making