Quote from: mirakal on September 04, 2025, 02:29:10 PM

Quote from: Tinyphilus on September 02, 2025, 01:15:07 AM

Good to be here. Read and observed the forum since I joined and must say I like how detailed the discussions here are compared to social media platforms. As a beginner I noticed some topics are mentioned a lot like wallets, security nd scams but I still feel there are always new perspectives. For instance my first impression of bitcoin is that it is more about personal responsibility than anything else. If you loose your keys, you loose your coins and that feels different from banks. For those who have been in the game longer, what was your first impression when you realized how it actually works?

Risky—that is how I viewed Bitcoin before. Some say that our first impression could be wrong. Well, not all the time because we can't deny the fact that Bitcoin is not a safe asset but rather a risky one. Yes, for many people who lost access to their wallets, they could no longer recover their BTC. It is considered a loss forever. That is why in crypto investment, we don't just know how to buy/see, but also we need to learn more about how to safeguard our BTC.

Well, you were not wrong Cheesy

. It is true that bitcoin is risky. That doesn't mean we shouldn't invest into it, but it is definitely risky and it's quite volatile as well. We should realize that this is going to take a while for people to calm down when there are big market movements as well. Because of that, I do not really see this changing anytime soon, it's going to be a quite common thing to have different approaches.

I feel the risk is worth the reward, because we can make so much money from it. Not everyone agrees, and some people do not invest, or even if they invest they are trigger happy and get out the moment they see it go down even just a bit. This is why not everyone sees bitcoin the way we see, they are all different approaches.