Topic: [2018-02-07] What Reasons Are Left to Buy Bitcoin Today? (Read 191 times)

" In comparison to stocks and bonds, Bitcoin does not hold much water as a good investment asset " - What a crock of shit.

In one year, I made almost 1800% profit on my investment. Show me ANY stock or Bond that could equal or better that?

If I stuck my money into a fixed term saving account, I would have had to wait for almost 100 years to get the same profit

as I did with Bitcoin in 1 year.

You can't compare apples to oranges. Both, however, are not sound investments because stocks and bonds are very much susceptible to losing it's value as well. Bitcoin is very much different from stocks and bonds and this is why most people have a hard time accepting bitcoin. It's foreign to them and incomparable to things that they are used to such as stocks and bonds. You can't compare the two because in nature they are hardly the same. People choose to hold bitcoin for reasons that are different from what makes stocks and bonds good for long investment. There's no future cash flow in bitcoin but there's the possibility of gaining profits.

What reasons are left to buy Bitcoin? Hmmm....... Let me think, these are mine;

1) Avoid being a muppet in control of the authorities looking to sustain this on debt based system.

2) You can spend and use your value how you want without having to justify anything to whatever central authority.

3) Avoid losing purchasing power.

4) It's the front driver of a completely new asset class.

5) Massive long term potential, that even for an utter idiot should be a reason to invest in Bitcoin.

Note how for me the money aspect isn't the first on the list. I haven't cashed out any of my coins for actual fiat in the last years, and will not plan to do so in the forthcoming years. I don't see a point in converting my Bitcoins into fiat. If I do that, I'm going against my own principles, which is something I will never allow. People should really distance themselves from fiat more.

While what was written above is clearly idealistic, I know there will still be a huge number who will get in for the most flimsy and short-term reasons in the hopes of accumulating wealth. In this business, CONCRETE UNDERSTANDING is key; otherwise, you will always be shunned by the market's price fluctuations causing you more and more stress each passing day. That should NOT be the way because that is unhealthy and is unable to help you grow. What you should do before getting in is to have a thorough understanding on cryptos, especially that of Bitcoin. Because once you do, you will not be at a shock every time the market moves.

I pity you if that's the only reason that you can see.


Allow me to argue a bit. How come the author sees stocks as something better than BTC? In his own words stocks allow you to invest in the company and as its value rises so does the value of the investment. It doesn't say anywhere that the value of the company has to keep rising. What if the company goes bankrupt, the key investors have a conference and the area gets hit by an earthquake or a tsunami? Stocks are as vulnerable to drops as cryptocurrencies if not more.

I Believe that we are entering new era of block chain right now.

Altough my statement is speculation , here are some facts ( and in the same time reasons for buying BTC)
Japan is taxing crypto traders so is the South Korea
EU recently made statement that they are making 340 mil Eur investment in block chain technology.
Arizona are going to allow ico in regulated manner.

The same reasons that were applicable back in December 2017 , primarily the fear of missing out

can bitcoin change the world?
I don't think about it when bought bitcoin
Consider bitcoin as an alternative currency without limitation to send it across the world (intrigued by this feature).
Next thing is the value of bitcoin that constantly increase over time, not an instant way to be rich but many people got into crypto-world due to profits in short-term compared to most assets, stocks or bonds. Well, it's inevitable though.

Actually it has started to take off once again. Anyone not joining the hype train will be left out. There's nothing new in this articles. Same old, same old. I really thought that I can find something "new", I guess media outlets today are just full of garbage. You don't need to be a rocket scientist to invest into crypto or bitcoin. Yes, I agree that during the "irrational" investors pumping bitcoin, buying at top price. However, they have learn their lesson, very expensive that crypto is not really a get rich scheme. We should all look at investing long term. This is the best way to really profit. Its been all over the place. I still don't get it why people thinks otherwise.

The same one like before the dip, Fear Of Missing Out.
Who wants to be left outside looking in.?
Considering that it might take off, once again.

There is little doubting why, in the run up to Bitcoin all time high of $20,000, people were entering the cryptocurrency market. There was a promise of massive growth, potentially huge returns on investment, and a story already told of missing out as an early adopter.

People thus flooded the market, entering for all the wrong reasons, really. However, this created a massive spike in interest and a massive spike in price. Things have changed somewhat now, with Bitcoin heading towards $6,000 rather than above $20,000, and this has caused a huge sell off as investors now flood out of the market. But what reasons remain today for people to buy Bitcoin?

Get in for the right reasons
The issue was, with this massive spike in interest, that people were throwing money at something they did not understand in the hopes of making a profit. It sounds familiar because it happened before.

The dotcom boom has predicated around similar happenings. People jumped on the bandwagon, not knowing why, and built a huge market on a flimsy base. Those who are not so technologically inclined may have shunned understanding Bitcoin as a new wave of technology, and used that as an excuse. But then still, as investors, they should at least be savvy with their assets.

Bitcoin is a bad asset
In comparison to stocks and bonds, Bitcoin does not hold much water as a good investment asset, especially when considering long-term capital appreciation. True, Bitcoin has increased its value substantially over time, but it lacks a few other facets.

In stocks, an investor stakes a claim in the company's net assets, and as the value of the company rises over time, so does the equity. In bonds, individuals essentially loan the company money in return for an agreed upon stream of interest income.

Thus, both these options provide future profits and future income and tick the boxes of sound investments. Bitcoin cannot be counted in the same breath as stock and bonds. Having one Bitcoin today does not entitle you to more Bitcoins in the future, nor does it offer the promise of any future cash flow.

Look at the technology
Where Bitcoin shines is as a technology. There are those who are trying to separate Bitcoin and Blockchain are wrong in doing so, but their premise is right; Bitcoin should be heralded for its potential as a technology.

Its use as a decentralized system of money which liberates users from the tyranny and hegemony of the banking system allows for seamless cross-border transfers and disrupts the financial system - these are reasons to celebrate and back Bitcoin.

Hopefully this is a dotcom bubble pop
Bitcoin has been likened to the dotcom bubble burst a number of times, and there is probably merit in it. In the dotcom situation, a technology was being used as an investment opportunity as people rushed in to be a part of the bandwagon.

That foundation of uninformed get rich quick types in the dotcom boom caused the technology to be almost forgotten about as companies changed their names and did all they could to cash in, including buying with debt.

All of these signs have repeated themselves in Bitcoin, and perhaps it is the best thing for it. Those who got into the space for the wrong reasons have quickly gotten out of it. And those who remain, are true to the potential and vision it still has.

Should I buy Bitcoin today?
As old as the adage is, it is worth repeating and highlighting: ‘Don’t buy Bitcoin to become an overnight millionaire.’ The reason this needs to be said again is because it will end badly for the individual and for the currency.

If like the Internet and all its associated powers today, you believe Bitcoin can change the world, then it is worth buying into today- while it is cheap. If, you are out to make a quick buck, leave this space alone.

SOURCE>>> https://cointelegraph.com/news/what-reasons-are-left-to-buy-bitcoin-today