Why people trusted Satoshi Nakamoto and bought first BTC coins 10 years ago? - Page 7 - Bitcoin - CryptoTalk.Org Jump to content
Brushless4500KV

Why people trusted Satoshi Nakamoto and bought first BTC coins 10 years ago?

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The answer is of course no, as you say, it is difficult to trust something new and an unknown person you do not know anything about, Bitcoin was a completely new thing and a different concept from all that preceded it and it is difficult to trust something like this for the first time, but I think Satoshi had friends and was calling They liked his new project and bought Bitcoin to encourage its spread among people.


 

 

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Investors they are always try to risk to invest on something that's not worth at the moment for hoping for the future profit, so that's why mostly of people who are own mostly of bitcoin at this moment are those who were bought bitcoin at the beginning.

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I think one of the reason that satoshi project which is the invention got accepted by  people easily is that it was the first time when such a system was developed and those people recognize it because it was developed to solve the problem of financial institution gradually it started getting people to participate in the system till today when it has gone viral.

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So the project he presented to people was so effective that they trusted such a man. I think people can feel and trust the depth of this project. There is a news I saw on my local news channel; A person who bought 72 bitcoins in time threw them away with the computer. This person did not believe in bitcoin's project at first and continued it. If he stayed true to the project, he was now a millionaire in my country.

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Many people saw the potential and those were the visionaries who became millionaires and knew how to value what Bitcoin was, basically they saw the document where they saw what Bitcoin was going to do and trusted, imagine the performance they could have had buying 100,000 Bitcoins in those times, but that's not why we should give up on Bitcoin, we have to start buying now.

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The first reason is Bitcoin is based on Blockchain and was launched as decentralised projects. At that time , the 2008 stock market crash was huge and those who understand that , were choosing Bitcoin as future assest and because of the believe in technology , decentralised ecosystem early adopters starts buying bitcoin. And after that the trend and popularity keeps on increasing and the real worth and value of bitcoun also starts sky rocketing. Which added more fuel in the fire.


NOTHING I SAY IS FINANCIAL ADVICE. YOU SHOULD USE YOUR MIND ,FOR YOUR MONEY,

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I think the main reason why people trusted satoshi was the fact that his project was well detailed and future oriented. 

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Hello friend, I hope you are feeling well. I think the importance of this is not the impact that Nakamoto had, who you don't even know who he really is, but that people had full confidence in the system that bitcoin posed, the ease with which their transactions would be made and everything else.

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I think 10 years ago nobody believed in Bitcoin, but maybe there were some people who were trying to believe a little by buying a little bit of Bitcoin and holding it. That person might get rich with a significant increase in the price of Bitcoin. New people believe and buy it when the price is so high, above $ 1000, that they miss the moment.

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My friend, it is not trusting Satoshi Nakamoto, but the matter is more complicated than the issue of trust, the matter is simply that the price of Bitcoin is very low and this is what prompted people to put an immeasurable part of their money in a currency and even if it is lying or Satoshi Nakamoto, the matter needs risks, it is an important matter in the end and needs  Thank you very much

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For the investment too a lot of people are discussing here and everywhere.still it is very weird that people trusted satoshi and bought their first bitcoin.With bitcoin satoshi is not trusted but the bitcoin math is trusted because you cannot refute the math.

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