Bitcoin is NOT a investment - page 3.

SprichtZarathustra

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Quote from: Interized on December 18, 2013, 08:19:13 PM

are you really this fucking retarded?
here let me give you the retarded thread of the year award

Well good afternoon to you too, sir.

I think OP is making some valid points. Usage is the next challenge. All fair and well to sit on
a pile of BTC worth alot of FIAT in your head, but it's the FIAT Bitcoin can finally rid us off.
Therefor we need to eventually start using the damn things for buying stuff, paying labour, all
the things we now use FIAT for.

Also, the point he make saturation might already have happened is also possible. Maybe the masses
will not like the system and won't use it. Then this is the BTC-economy size right now. I personally
don't think this is the case. I think it'll get much wider adoption, regarded that the learning curve for most
people is still tough. Try to get average Joe making a cold wallet.

Peter R

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Quote from: kokojie on December 18, 2013, 08:12:09 PM

My point is that Bitcoin does not reliably produce wealth, it is a currency, similar to speculating on forex.

Bitcoin has great potential to increase the world's wealth!

Bitcoin improves efficiency and cuts-out middle men in banking, mobile payments, and international remittance. It allows people to exchange value instantly, and, unlike cash, it doesn't require two people to be in the same physical spot or to have the correct change. It will allow the world's "unbanked" to more easily save and it gives all people a sense of privacy and monetary freedom that has never existed before.

And this is only the money aspect of bitcoin. With coloured coins and smart contracts, who knows what else we will accomplish.

So, just like how advances in robotics increased the world's wealth by improving manufacturing efficiency, bitcoin will increase the world's wealth by improving monetary efficiency.

It is emphatically not a zero-sum game. Later investors increase the value of early investors holdings, giving them the financial power to take time away from their day jobs and put energy into furthering the bitcoin network. It is really an incredible market-driven funding mechanism unlike anything that has ever existed before!

subcoin

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Quote

Forex trading is a zero sum game.

It is not. Governments end up paying.
But don't feel bad for them, since they can create money out of nothing.

What is Investment

In finance, investment is putting money into an asset with the expectation of capital appreciation, dividends, and/or interest earnings.

Interized

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Quote from: kokojie on December 18, 2013, 08:12:09 PM

Quote from: vesper39 on December 18, 2013, 08:10:44 PM

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).

are you really this fucking retarded?

YES you CAN and people DO invest in the USD/EURO etc. infact, people even make a living doing this.

here let me give you the retarded thread of the year award

kokojie

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Quote from: vesper39 on December 18, 2013, 08:10:44 PM

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).

vesper39

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You definitely can invest in USD/Euro. That is what people do on forex...

beetcoin

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you are wrong. bitcoin is both a currency and investment. that's why it's so special, there has never been anything like it. you can't just say that it's not an investment because you don't want people looking at it that way.

kokojie

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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.

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