IMO, Bitcoin is not a Currency, but is a Digital Commodity that people want to own. Bitcoin is no more a currency than Pogs or Beanie Babies are currencies.
And since people invest their money into Bitcoin with the hopes of turning a profit through Appreciation, I would consider Bitcoin an investment as well.
Topic: Bitcoin is NOT a investment - page 2. (Read 4364 times)
bitcoin is whatever we make it
You are missing the point entirely.
The guy argued the semantics of the term investment. Arguing that currency speculation should not be called an investment but be called currency speculation, nothing more nothing less.
bitcoin is whatever we make it
You can invest money into money, I believe, though this sounds more like a conversion to me.
are you really this fucking retarded?
Are you really so much in need of calling someone retarded just because you disagree with him?
I don't understand all the venom thrown at the op.
He made a clear argument that bitcoin is a currency, and you can get rich speculating on a currency, such speculation is gambling rather then an investment. That speculation in of itself does not produce wealth, only transfer wealth from those who bet correctly to those who bet wrongly (just using dollars because "everyone is" is still betting, you are speculating on dollars)
He didn't even argue that people shouldn't gamble on bitcoin being a success. only that such an act should be called "currency speculation" and not "investing".
And people are attacking him personally arguing that he is attacking bitcoin. Even though he is clearly a supporter of it.
He made a clear argument that bitcoin is a currency, and you can get rich speculating on a currency, such speculation is gambling rather then an investment. That speculation in of itself does not produce wealth, only transfer wealth from those who bet correctly to those who bet wrongly (just using dollars because "everyone is" is still betting, you are speculating on dollars)
He didn't even argue that people shouldn't gamble on bitcoin being a success. only that such an act should be called "currency speculation" and not "investing".
And people are attacking him personally arguing that he is attacking bitcoin. Even though he is clearly a supporter of it.
In the 1990s, those Russians who invested in USD, became rich after the ruble (RUR) crash.
Bitcoin encourages saving and a little spending, the governments encourage no fiat saving and wreck less spending into indebtedness
You don't invest in USD or EURO or etc... you use them. Bitcoin is a currency, and a tool. It wasn't meant for people to make money. People made money holding Bitcoin while it is in growing phase, is simply an abnormality. Once Bitcoin reach user saturation, there probably will be no more such occurrences.
Also Bitcoin may forever be an obscure experimental internet currency, that may never make it mainstream. There are no guarantee that it will become mainstream. So user saturation MAY already happened.
They are both and for 80% of people including me it is an investment with a great risk reward ratio. Everybody wants to make money and doing that whilst helping a good thing to succeed? Priceless Also Bitcoin may forever be an obscure experimental internet currency, that may never make it mainstream. There are no guarantee that it will become mainstream. So user saturation MAY already happened.
it can be treated as an investment though the trick to it is holding enough coin when its starts being used a currency
Nice advise. The Chinese will appreciate it
it can be treated as an investment though the trick to it is holding enough coin when its starts being used a currency
Still a great speculation vehicle 
Really so is that why stores in Utah accept it because it can't be used as a currency?
2,100m bitcoins are not all the produced, not saturated
Remember:
Bitcoin is still in beta.
Bitcoin is still in beta.
I consider Bitcoin to be mainly an investment but would like to see it more as a currency, as soon as I can order basic essentials online, groceries etc and pay the electric bill with BTC then Bitcoins role will change and there will be less speculation trying to make profit on it's changing value.
Bitcoin is what it's users perceive it to be, not what it's creator intended it to be.
Bitcoin is what it's users perceive it to be, not what it's creator intended it to be.
I think its an investment, if it increases in value..
Stop trying to dictate how others view Bitcoin
You don't invest in USD or EURO or etc... you use them. Bitcoin is a currency, and a tool.
Agreed. This new "mantra" everyone's talking bullshit about "Bitcoin is a store of value not a currency" is utter bullshit. Proof of that is whats happening in the market. Bitcoins VALUE is going to be in its capability to facilitate trade and transactions.
The market trading is an irritating distraction at best, from what Bitcoin is. I dare say it has nothing to do with Bitcoin whatsoever. Its simply an interface for annoying day trader types and clueless investors to try and make money. They are the reason bitcoin seems "volatile". Bitcoin is not the reason. Bitcoin hasn't changed. People's bi polar frantic-buys and panic-sells are what keep changing. And its that nonsense - treating Bitcoin as an "investment" which is making things so volatile, and giving Bitcoin a bad name.
Bitcoin is not just a "store of value". Its a currency. No matter what people want to think.
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So people who bought bitcoins in 2010 and saw 1000% returns aren't allowed to say that they made a good investment? They put money in a commodity (gold 2.0) and they came out with more money through appreciation.. sounds like an investment to me.
Bitcoin itself is NOT an investment. The trading interface where people are assigning speculative value to it, is where the investment is. As I understand it, Bitcoins only "investment" aspect is its overall deflationary behavior. But that is not reflected in massive spikes and crashes. It is something that changes over long periods of time. What you are commenting on is a bunch of humans outbidding eachother on something. That's different.
You definitely can invest in USD/Euro. That is what people do on forex...
No, you don't invest in USD/EUR pair, you speculate. Forex trading is a zero sum game. My point is that Bitcoin does not reliably produce wealth, it is a currency, similar to speculating on forex. At some point, user numbers will reach saturation, and Bitcoin will no longer produce any returns (except maybe due to deflation).
So people who bought bitcoins in 2010 and saw 1000% returns aren't allowed to say that they made a good investment? They put money in a commodity (gold 2.0) and they came out with more money through appreciation.. sounds like an investment to me.
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