Social proof is a very good idea. You are more likely to buy something if someone you trust tells you to because you trust their judgement. Social evidence can also be used to back up claims made by people we don’t know personally; however, anywhere in any nation accepts bitcoin payment. A great example of social proof is when people bought Dogecoin in 2021 even though they didn’t know if Elon Musk was telling the truth. If you are new to the cryptocurrency world, you should know that Bitcoin just celebrated its 10th birthday. This means you have a whole decade of cryptocurrency quotes to read.
“If you don’t believe it or don’t understand it, I’m sorry, but I don’t have the time to attempt to persuade you.”
This is an early comment from Satoshi Nakamoto to the people who don’t like Bitcoin on the forums. It shows how he talks. Since those early days, there has been a lot of money made from his inventions. Even though it is easy to say that people should have listened more, what was made was something completely new and, as a result, hard for many people to understand at the time.
One of the most important things in this message to understand Bitcoin is to put in the time and effort to learn on your own. When you put your trust in people who aren’t telling the truth, you are more likely to make mistakes.
This investment is “a scam,” says Jamie Dimon, CEO of JP Morgan. He says it’s even “worse” than “tulip bulbs.”
As you might expect, the CEO of JP Morgan, Jamie Dimon, is not a big fan of the cryptocurrency Bitcoin. He said this in 2017 when the Bitcoin bubble was at its peak. Even though JP Morgan has since released its own cryptocurrency, this shows that the banking giant isn’t as anti-crypto as the quote says. Because one of the main goals of Bitcoin is to get rid of big financial institutions like JP Morgan, it seems unlikely that Jamie Dimon will change his mind.
“Don’t do it at all costs.” It’s just a trick of the light. In general, I can almost say with near certainty that cryptocurrencies will turn out to be bad.
Buffet isn’t a fan of Bitcoin or cryptocurrencies in general, so it should come as no surprise that he doesn’t like them. In order to become rich, Buffett has built his wealth through the acquisition of traditional assets and the use of a long-term plan. It would be a big red flag for the well-known investor to see the danger and volatility that could happen with cryptocurrencies right away. Buffett isn’t a fan of new technology companies, so a bet on Bitcoin isn’t likely to happen in the near future.
“Even though I think Bitcoin is the first encrypted money that can do anything like changing the course of history, I don’t think that’s true.”
In the middle of making PayPal, Peter Thiel and his coworkers thought of a way to make money that was very similar to how Bitcoin works. However, they were not able to make their idea come to fruition at the time it was proposed. Peter Thiel is one of the best venture capitalists in Silicon Valley, but he is also a well-known Randian. These two things should show why he is interested in Bitcoin.
If you want to keep an eye on or control Bitcoin in any way, “the Federal Reserve doesn’t have the authority to do that.”
Janet Yellen points out a big part of Bitcoin in her comment. People in the United States don’t think of Bitcoin as a form of money. Instead, it is the first truly global money to be made. People who want to get involved can. It’s not run by one person. Because of this, it’s very hard for the government to make rules about Bitcoin. This also makes it very hard to stop Bitcoin, because it’s very hard to stop it. Over the years, there have been many rumours about bans on Bitcoin. None of them has come true, and Bitcoin has continued to grow and thrive.
It might be a good idea to use some of the money that we don’t deserve.
Hal Finney is one of the few people in the Bitcoin movement that everyone likes. Finney is loved by everyone, even Faketoshi, who doesn’t like him. We’re sorry Finney didn’t get to see how bitcoin changed from a small thing to a huge thing, but he did. Finney, like Julian Assange, was an early member of the CypherPunk mailing list. He also played a big role in the development of Bitcoin from the start, which is why he was so important to the group. This comment shows what all people who make money with Bitcoin should do: give back to the community and help others who don’t have as much money as they do.
