Bitcoin is predictably a guarantee in an uncertain world

goldade

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Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

I have this deep convincing believe that Bitcoin will change the future world of money for the better by giving everyone the same opportunities.

Tell those who speak about the use of Bitcoin ending soon should come to realize the fact that the rules that govern Bitcoin’s monetary policy are written in its source code and that is a phenomenal guarantee for all its users., today and in the future.

When you buy Bitcoin in 2020, you already know what to expect. You know that you will still own some Bitcoin out of every 21 million existing in 2050. If you didn't sell off for fiat. This is not same for paper money.

It is often said that Bitcoin is a hedge against uncertainty. And that's it.

I totally understand your point here. However, at this stage it is still very much early to say if bitcoin is a guarantee against uncertainty.
Although bitcoin is slowly gaining trust amongst prople, the factors affecting bitcoin make it impossible to know for certain what will be of it.
The volatility of the price is uncertainty and as such can't be a guarantee. Bitcoin is relatively new compared to gold which has gained trust over the years and now has a stable price.
Hopefully, if people begin to see the true value of bitcoin, then maybe bitcoin will get to that stage of being an hedge against uncertainty.

Findingnemo

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You can't use the word guarantee because even satoshi is not sure about it, bitcoin is going to stay here forever but we need people to use to have value for it and to bring changes in the economic systems.

Bitcoin is an infant until now people are gaining trust towards cryptos especially with bitcoin and regulatory measures are also getting implemented in some countries so lets hope for the bright future.

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Quote from: Golftech on September 05, 2020, 01:10:29 AM

Quote from: shoreno on September 05, 2020, 12:38:49 AM

Quote from: ?? on ??

but unfortunately, not everyone has the same opportunity. where there will only be people who have the ability to buy it and people who want to understand the risks of the cryptocurrency world.
And bitcoin guarantor is ourselves and all the community. when the community disappears, it could be the end of the bitcoin journey.

exactly . this also what im about to say , how can the op say that btc is fairly distributed to everyone when so many people are against to it ? it will only be an oppurtunity for those who are willing to accept it . you cant say all community but you should only say the btc and crypto community because they are those that who gave importance . not just price but the technology that underlie on btc are the one that make btc stay alive

Fairly is far from truth in crypto,because first we have our own demand and holdings,and yeah There are many people and even countries that against this so what is the word fair?
Maybe OP is not that a Believer or has small knowledge of what is Bitcoin all about.

Quote from: verita1 on September 04, 2020, 10:31:28 PM

Bitcoin is suitable for short, medium and long term users. If we take a look at the life of a trader this appreciation is fulfilled. In the midst of the pandemic, Bitcoin showed that it could rise and continue to recover its price in the market with a good forecast. So it is a guarantee in the uncertain future.

Lol nothing is certain in crypto but in Bitcoin we have at least wide or Big chances of Keeping safe and profiting ,Though it can take some time yet worth waiting,it has been proven and legit.

The demand for bitcoin is completely correlated with the demand for Fiat. I would say that they are completely dependent on each other. Every trader understands that if you are engaged in trading cryptocurrencies, then you must monitor the Fiat market as well, and this also works in the opposite direction. These markets help each other to exist and it is n

Cryptoreflector_666

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Quote from: Hypnosis00 on September 05, 2020, 06:48:17 AM

Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

When you buy Bitcoin in 2020, you already know what to expect.

I may not expect that it will double quickly and make money from it or even fully adopted. We know already that Bitcoin won't warrant anything, nor to think that every year the price keeps moving higher. The market will remain an unpredictable, volatile, high risk, and anything we can negatively describe it but above all these things, we are making yourself easier than before.

We can't just say that Bitcoin is the future currency because, in reality, not all of us are capable of having this and to use this.

I don't agree with you, because before, no one could drive a car, let alone planes and spaceships. However, now it is our everyday life and thousands and tens of thousands of iron birds dissect the air space. It will also happen with bitcoin - now for many it is a wild and incomprehensible phenomenon, but in a couple of years everything will fall into place.

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Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

When you buy Bitcoin in 2020, you already know what to expect.

I may not expect that it will double quickly and make money from it or even fully adopted. We know already that Bitcoin won't warrant anything, nor to think that every year the price keeps moving higher. The market will remain an unpredictable, volatile, high risk, and anything we can negatively describe it but above all these things, we are making yourself easier than before.

We can't just say that Bitcoin is the future currency because, in reality, not all of us are capable of having this and to use this.

Golftech

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Quote from: shoreno on September 05, 2020, 12:38:49 AM

Quote from: ?? on ??

but unfortunately, not everyone has the same opportunity. where there will only be people who have the ability to buy it and people who want to understand the risks of the cryptocurrency world.
And bitcoin guarantor is ourselves and all the community. when the community disappears, it could be the end of the bitcoin journey.

exactly . this also what im about to say , how can the op say that btc is fairly distributed to everyone when so many people are against to it ? it will only be an oppurtunity for those who are willing to accept it . you cant say all community but you should only say the btc and crypto community because they are those that who gave importance . not just price but the technology that underlie on btc are the one that make btc stay alive

Fairly is far from truth in crypto,because first we have our own demand and holdings,and yeah There are many people and even countries that against this so what is the word fair?
Maybe OP is not that a Believer or has small knowledge of what is Bitcoin all about.

Quote from: verita1 on September 04, 2020, 10:31:28 PM

Bitcoin is suitable for short, medium and long term users. If we take a look at the life of a trader this appreciation is fulfilled. In the midst of the pandemic, Bitcoin showed that it could rise and continue to recover its price in the market with a good forecast. So it is a guarantee in the uncertain future.

Lol nothing is certain in crypto but in Bitcoin we have at least wide or Big chances of Keeping safe and profiting ,Though it can take some time yet worth waiting,it has been proven and legit.

shoreno

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Quote from: ?? on ??

but unfortunately, not everyone has the same opportunity. where there will only be people who have the ability to buy it and people who want to understand the risks of the cryptocurrency world.
And bitcoin guarantor is ourselves and all the community. when the community disappears, it could be the end of the bitcoin journey.

exactly . this also what im about to say , how can the op say that btc is fairly distributed to everyone when so many people are against to it ? it will only be an oppurtunity for those who are willing to accept it . you cant say all community but you should only say the btc and crypto community because they are those that who gave importance . not just price but the technology that underlie on btc are the one that make btc stay alive

NavI_027

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Quote from: verita1 on September 04, 2020, 10:31:28 PM

Bitcoin is suitable for short, medium and long term users. If we take a look at the life of a trader this appreciation is fulfilled. In the midst of the pandemic, Bitcoin showed that it could rise and continue to recover its price in the market with a good forecast. So it is a guarantee in the uncertain future.

It's because crypto sphere cannot correlate directly to the happenings in the world economy. That's why you may noticed that btc keep on soaring despite of the declining economy of nations. They are different fields after all Cheesy

.

Anyway, with regards to the second one, for me I'm still not 100% that bitcoin can guarantee your future. Look, it's price is as volatile as hell and you can't assure that it can maintain its stability when the next crisis comes. Take tome to consider the slow adoption and oppositions of it. Don't get me wrong, I love bitcoin but always mind that don't be so complacent because anything could happen

verita1

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Bitcoin is suitable for short, medium and long term users. If we take a look at the life of a trader this appreciation is fulfilled. In the midst of the pandemic, Bitcoin showed that it could rise and continue to recover its price in the market with a good forecast. So it is a guarantee in the uncertain future.

Shasha80

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I don't agree Bitcoin can be predicted in an uncertain world, because Bitcoin is very volatile which makes Bitcoin an asset
which is risky and difficult to predict. In fact, there is no guarantee that we hold Bitcoin until 2050 Bitcoin will remain.After
all Bitcoin doesn't give everyone the same opportunity, only people who have money can buy Bitcoin.Even the price of Bitcoin,
which continues to rise, becomes difficult for the poor to reach.

Assface16678

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Still, there is a lot of cons why the people and the government would not like the use of the bitcoin some of these are

Bitcoin is decentralized they cannot manipulate the transacfions
Bitcoin is connected to the blockchain
Bitcoin is volatile
Bitcoin does not support by many people yet.

Those are the common things about bitcoin why they can't adopt the use of this coin but look forward to the use of the cashless transactions all of the funds can transfer easier and also because of this pandemic, I think this is very useful to avoid spreading the virus immediately.

hatshepsut93

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Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

When you buy Bitcoin in 2020, you already know what to expect. You know that you will still own some Bitcoin out of every 21 million existing in 2050. If you didn't sell off for fiat. This is not same for paper money.

This is true, but this doesn't guarantees anything practical. There's no guarantee that Bitcoin will have current or higher value in 2050. There's no guarantee that it won't be abandoned for some reason, like having a better competitor or general disappointment in cryptocurrency. If you don't like fiat money because you're afraid it will lose value in the future, than Bitcoin isn't the first answer you should think about, because it can lose value just as easily. Yes, Bitcoin is scarce, but scarcity is useless if demand is low. This is a high risk high reward investment, which is the opposite of a hedge against uncertainty, which is supposed to be low risk low reward.

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Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

I have this deep convincing believe that Bitcoin will change the future world of money for the better by giving everyone the same opportunities.

Tell those who speak about the use of Bitcoin ending soon should come to realize the fact that the rules that govern Bitcoin’s monetary policy are written in its source code and that is a phenomenal guarantee for all its users., today and in the future.

When you buy Bitcoin in 2020, you already know what to expect. You know that you will still own some Bitcoin out of every 21 million existing in 2050. If you didn't sell off for fiat. This is not same for paper money.

It is often said that Bitcoin is a hedge against uncertainty. And that's it.

Being too optimistic isnt bad but dont let your hopes up that much or expectations to be on full extent yet no man on this world would able to know on what future lies ahead.
We might see bitcoin do really well but you cant be sure on what would happen on next years to come. Are you sure that it cant be replaced by other coins in the market or something better?
Im not on the negative side but you cant really avoid those possibilities that could happen along the way. Guarantee? theres no such thing yet everything will really matter on
community support, adoption or recognition.

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I’d just leave a couple thousand $ worth of bitcoin today and just see where I end up in the next couple of years. I genuinely believe in the tech and the idea that it comes with, though I’m still uncertain about the possibility of people and governments leaving the fiat currency system and adopting a currency similar to bitcoin. It certainly is headed for lots of price appreciation though, and a lot of people are banking on that including me.

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Quote from: coolcoinz on September 04, 2020, 10:29:50 AM

I'd call it a safe asset for diversification, simply because it's so different from all the rest.
If you already have some real estate, some cash, some foreign currency, it's great to have some Bitcoin as well. I wouldn't recommend a person who doesn't have anything and just got their first job to put all savings in Bitcoin. It's like gambling with your life and your future, but if you have a lot of money, it would be a missed opportunity not to have at least 10% in Bitcoin.

This!!! Couldn't have said it better myself. If you have money and you want to invest. Invest in things which gives you certain insurance. Like Land, Saving accounts, even though interest is bad right now, invest in gold maybe, some mutual funds even and with all that, invest a little in BTC as well and see how things turn out.

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Quote from: kawetsriyanto on September 04, 2020, 10:55:56 AM

Quote

Bitcoin is predictably a guarantee in an uncertain world

Who wants to guarantee? Market? Technology?
It is right that BTC is a promising currency for the future. We also believe that BTC and the crypto world are accepted by many more countries, supported by many more governments, and also accepted by many more transactions.
But once more, who can guarantee that BTC will be like this moreover in the future/?
I believe in a brighter future, but I can't say it as a guarantee, moreover if I tell it to someone else. because if I tell so, it will be a big problem if it doesn't really and happen

Nobody can predict because it has 50/50 chance that bitcoin will be future's mode of payment or it will be a used as a money that can fully replace the fiat or it will be forgotten because it can't replace fiat. There are a lot of circumstances that will more likely occur in the future and what we can do is to make our own move if we want this goal to be successful.

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Quote

Bitcoin is predictably a guarantee in an uncertain world

Who wants to guarantee? Market? Technology?
It is right that BTC is a promising currency for the future. We also believe that BTC and the crypto world are accepted by many more countries, supported by many more governments, and also accepted by many more transactions.
But once more, who can guarantee that BTC will be like this moreover in the future/?
I believe in a brighter future, but I can't say it as a guarantee, moreover if I tell it to someone else. because if I tell so, it will be a big problem if it doesn't really and happen

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Quote from: Ucy on September 04, 2020, 10:43:49 AM

I guess their minds are more fixed on the volatility (which can easily be fixed if the community want to) rather than the technology or the Bitcoin network/system. The decentralization and other important features it offers is awesome. The price hardly interest me.,though I hope it becomes better eventually.

But in some point, there are also people that wants to make bitcoin the top of the cryptocurrency by simple using it for daily transactions and small transactions, sadly, bitcoin didn't suffice the need of people for that because it still lacks characteristics such as low transaction fee and fast transaction confirmation. This leads to most of the people to accept that bitcoin is good for investment or some called "safe haven" for their assets which is for me, partly true as that is the same thing I think about bitcoin.

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Quote from: suzanne5223 on September 04, 2020, 08:28:46 AM

Quote from: Jating on September 04, 2020, 05:55:03 AM

Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

It is often said that Bitcoin is a hedge against uncertainty. And that's it.

As compare to gold? Bitcoin hasn't been tested as a good hedge against uncertainty though. Hedge mean that an asset that can't easily affected or influence by the market. And we know that bitcoin is very unstable and be definition can't be a 'true hedge'. As compare to let's say gold, it's been tested, specially in ww2.

On contrary, Bitcoin have been tested as hedge against uncertainty several times when the government wants to ban it and the strength it posed during the pandemic which was what also captivate people like Kiyosaki.

Quote from: Jating on September 04, 2020, 05:55:03 AM

And btw, bitcoin is predictable? it became a speculative asset and obviously, it is not predictable. Have you seen the crash in the last 24-48 hours? totally unexpected.

Every investment has its own risk involve even Gold and if you're investors that follow the whale's movement you'll notice that there some dump going on.

I guess their minds are more fixed on the volatility (which can easily be fixed if the community want to) rather than the technology or the Bitcoin network/system. The decentralization and other important features it offers is awesome. The price hardly interest me.,though I hope it becomes better eventually.

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I'd call it a safe asset for diversification, simply because it's so different from all the rest.
If you already have some real estate, some cash, some foreign currency, it's great to have some Bitcoin as well. I wouldn't recommend a person who doesn't have anything and just got their first job to put all savings in Bitcoin. It's like gambling with your life and your future, but if you have a lot of money, it would be a missed opportunity not to have at least 10% in Bitcoin.

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Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

I have this deep convincing believe that Bitcoin will change the future world of money for the better by giving everyone the same opportunities.

Tell those who speak about the use of Bitcoin ending soon should come to realize the fact that the rules that govern Bitcoin’s monetary policy are written in its source code and that is a phenomenal guarantee for all its users., today and in the future.

When you buy Bitcoin in 2020, you already know what to expect. You know that you will still own some Bitcoin out of every 21 million existing in 2050. If you didn't sell off for fiat. This is not same for paper money.

It is often said that Bitcoin is a hedge against uncertainty. And that's it.

Bitcoin might revolutionize money worldwide, but it might not. The fact that Bitcoin holds no secrets and its supply cannot be manipulated does not guarantee its bright future. I see your point, and there is some certainty to it, but maybe that's not what the majority wants. This certainty is bound to Bitcoin itself, but we look at BTC price usually referring to what it costs in fiat money. And its price in fiat is nothing predictable or certain. And what people respect is usually the authority telling them that it's under control (and, to be fair, fiat often is), not that the code is there for them and there are some very certain things like how many bitcoins will there be at a certain point in time, but how much they'll be worth is unknown. To be fair, it's not just that Bitcoin is considered in relation to fiat. It's its purchasing power which is a defining aspect of money, and there are no guarantees regarding this purchasing power.

AjithBtc

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Bitcoin keeps growing with time, and there is better understanding about bitcoin compared to the past. This means people who termed bitcoin as a scam has now understood the real value of bitcoin and has started to invest more and more.

The world is moving on technology, and people have started to be a part of it. This means digital investment have increased a lot, and it is true that bitcoin is serving as a guaranteed investment in the uncertain World.

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It's hard to declare any possible investment a "guarantee", since aside from all the things that are predictable there are situations and events that people don't predict. Bitcoin is an investment based on solid fundamentals but a certain degree of risk in every investment, which is way investors always look to diversify their assets.

palle11

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One thing I can't agree with you about is that Bitcoin gives the equal opportunities to everyone.

I believe that if we consider op statement from the angle of investment opportunity and what can come as profit or even lose is the same thing for every investor who invested same amount whether rich or poor.
Blockchain does not know a rich person's investment or poor person, and neither the exchange know. So that is the area I think that it gives every investor the same amount in your wallet.

jekainvestor

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Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

I have this deep convincing believe that Bitcoin will change the future world of money for the better by giving everyone the same opportunities.

Tell those who speak about the use of Bitcoin ending soon should come to realize the fact that the rules that govern Bitcoin’s monetary policy are written in its source code and that is a phenomenal guarantee for all its users., today and in the future.

When you buy Bitcoin in 2020, you already know what to expect. You know that you will still own some Bitcoin out of every 21 million existing in 2050. If you didn't sell off for fiat. This is not same for paper money.

It is often said that Bitcoin is a hedge against uncertainty. And that's it.

Personally I can not agree that BTC will give everyone the same opportunities. It depends on a person. Even in case two different people will got some day 1 BTC per person, those two Bitcoins will work in quite different way. One person may multiply it or make to work, while another person will lose even this one BTC. So opportunities can not be the same looking from this side on the question. But as for the impact of the Bitcoin and crypto on the whole world and people - yes, it will change and have already changed partly people and their thinking. But nevertheles its impact is very big on us and the world, there is still some uncertainty because the world of crypto is very changing and dynamic.

TGD

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The title itself is so confusing, combining guarantee with uncertainties. We are just used in the cycle of bitcoin since we see how its price changes. The good thing about bitcoin is it's supply is known that we know when adoption happens those who are able to buy and hold a lot will gain more just like how those who held BTC before 2017 and was able to profit during those times.
But it's still not guaranteed when will it happen again, its still not guaranteed due to many circumstances that may happen along its way. So we still better know when to stop loss if things didn't happen the way we plan or assumed it to be.

The Cryptovator

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Nah, I wouldn't agree with OP. There isn't any guaranty at all. We can't determine the value of bitcoin and the price of bitcoin, its totally depend on the community. Whoever bought bitcoin at 2017, they had expected something good. But what happen eventually? They regret when dump the price. So whoever will buy 2020, we don't know what they are going to get. Price would be bump or dump at any time. What we encountered today, there is sudden fall of almost $1.5K bitcoin price. So how you can give guaranty? Bitcoin is the most volatile currency, guaranty doesn't fit with it.

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Quote from: Pacific10 on September 04, 2020, 08:43:11 AM

Quote from: suzanne5223 on September 04, 2020, 08:28:46 AM

Quote from: Jating on September 04, 2020, 05:55:03 AM

Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

It is often said that Bitcoin is a hedge against uncertainty. And that's it.

As compare to gold? Bitcoin hasn't been tested as a good hedge against uncertainty though. Hedge mean that an asset that can't easily affected or influence by the market. And we know that bitcoin is very unstable and be definition can't be a 'true hedge'. As compare to let's say gold, it's been tested, specially in ww2.

On contrary, Bitcoin have been tested as hedge against uncertainty several times when the government wants to ban it and the strength it posed during the pandemic which was what also captivate people like Kiyosaki.

Exactly my opine. In the face of the lockdown when fiat currency seems to be of less value in correlation to what could be acquired for safety, companies being sealed etc. bitcoin stood and many country's central banks are beginning to formulate policies to accommodate them.

I understood what inspired your message once I saw your thread but for Bitcoin to be a total guarantee hedge in an uncertain world we still need a better solution in terms of scalability, making Bitcoin to be easy to use for both young/older people and the government stance toward Bitcoin to be positive.

tyz

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I agree with you in some of your points but not in the predictability. I don't think Bitcoin and cryptos are really that predictable. The prices also depend very much on political acceptance. If there should be e.g. a world-wide prohibition of crypto currencies (up-to-date it does not look like it), then the prices could go fast down. In addition also nobody knows how the arising national digital currencies will affect the crypto currencies.

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Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

It is often said that Bitcoin is a hedge against uncertainty. And that's it.

Many would tend to agree but if we look at CMC right now, Bitcoin and almost all cryptocurrencies are bleeding bad - possibly due to recent stock market slump but lets not worry about this, its a regular thing in crypto markets. I do hope your assumption would eventually come true.

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Quote from: suzanne5223 on September 04, 2020, 08:28:46 AM

Quote from: Jating on September 04, 2020, 05:55:03 AM

Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

It is often said that Bitcoin is a hedge against uncertainty. And that's it.

As compare to gold? Bitcoin hasn't been tested as a good hedge against uncertainty though. Hedge mean that an asset that can't easily affected or influence by the market. And we know that bitcoin is very unstable and be definition can't be a 'true hedge'. As compare to let's say gold, it's been tested, specially in ww2.

On contrary, Bitcoin have been tested as hedge against uncertainty several times when the government wants to ban it and the strength it posed during the pandemic which was what also captivate people like Kiyosaki.

Exactly my opine. In the face of the lockdown when fiat currency seem to be of less value in correlation to what could be acquired for safety, companies being sealed etc. bitcoin stood and many country's central banks are beginning to formulate policies to accommodate them.

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Quote from: ChiBitCTy on September 04, 2020, 07:07:20 AM

Like yourself I am very positive about bitcoin moving forward, especially with all the issue going on in the world and during this crazy time in our lives. Now I can't agree that it's a "guarantee", as guaranteeing anything is a fools game. There are certainly never any guarantees in the financial world, especially for a digital currency.

"It is often said that Bitcoin is a hedge against uncertainty. And that's it". I am not sure what you mean about this exactly. Do you mean bitcoin is used as a hedge in a good way or people say it's the only positive factor of bitcoin?

Let's read my statement in comparison to fiat currency.

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Bitcoin is guarantee of that? How so unstable asster can be a guarantee of anything?

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Quote from: Jating on September 04, 2020, 05:55:03 AM

Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

It is often said that Bitcoin is a hedge against uncertainty. And that's it.

As compare to gold? Bitcoin hasn't been tested as a good hedge against uncertainty though. Hedge mean that an asset that can't easily affected or influence by the market. And we know that bitcoin is very unstable and be definition can't be a 'true hedge'. As compare to let's say gold, it's been tested, specially in ww2.

On contrary, Bitcoin have been tested as hedge against uncertainty several times when the government wants to ban it and the strength it posed during the pandemic which was what also captivate people like Kiyosaki.

Quote from: Jating on September 04, 2020, 05:55:03 AM

And btw, bitcoin is predictable? it became a speculative asset and obviously, it is not predictable. Have you seen the crash in the last 24-48 hours? totally unexpected.

Every investment has its own risk involve even Gold and if you're investors that follow the whale's movement you'll notice that there some dump going on.

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Quote from: ChiBitCTy on September 04, 2020, 07:07:20 AM

Like yourself I am very positive about bitcoin moving forward, especially with all the issue going on in the world and during this crazy time in our lives. Now I can't agree that it's a "guarantee", as guaranteeing anything is a fools game. There are certainly never any guarantees in the financial world, especially for a digital currency.

"It is often said that Bitcoin is a hedge against uncertainty. And that's it". I am not sure what you mean about this exactly. Do you mean bitcoin is used as a hedge in a good way or people say it's the only positive factor of bitcoin?

In my own opinion about what the OP said regarding guarantee, is after you have bought some Bitcoin, you will have a guarantee to keep it after how many years if you didn't sold it out. you still have it even after your death because no one could get it from you unless they stole some necessary things to access it. if not, then the guarantee is a fact after so many years has passed the bitcoin is still there on your wallet.

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Like yourself I am very positive about bitcoin moving forward, especially with all the issue going on in the world and during this crazy time in our lives. Now I can't agree that it's a "guarantee", as guaranteeing anything is a fools game. There are certainly never any guarantees in the financial world, especially for a digital currency.

"It is often said that Bitcoin is a hedge against uncertainty. And that's it". I am not sure what you mean about this exactly. Do you mean bitcoin is used as a hedge in a good way or people say it's the only positive factor of bitcoin?

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Quote from: Jating on September 04, 2020, 05:55:03 AM

Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

It is often said that Bitcoin is a hedge against uncertainty. And that's it.

As compare to gold? Bitcoin hasn't been tested as a good hedge against uncertainty though.

Uncertainty could have several connotations to it, Bitcoin could be seen as an alternative to the uncertainty in supply of cash, credit crisis and other fiscal policies the banking sectors implement which affects the nation's economy. Bitcoin has the qualities of immutability, decentralization and a fixed supply which makes it a good hedge against centralization.

Quote from: davis196 on September 04, 2020, 06:38:51 AM

So you want to buy BTC and HODL until 2050?This sounds crazy. Grin

That really is not that crazy. There are people who are investing in Bitcoin which would be accessed by their kids in 10-20 years, 2050 from then is not far off.

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Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

I have this deep convincing believe that Bitcoin will change the future world of money for the better by giving everyone the same opportunities.

Tell those who speak about the use of Bitcoin ending soon should come to realize the fact that the rules that govern Bitcoin’s monetary policy are written in its source code and that is a phenomenal guarantee for all its users., today and in the future.

When you buy Bitcoin in 2020, you already know what to expect. You know that you will still own some Bitcoin out of every 21 million existing in 2050. If you didn't sell off for fiat. This is not same for paper money.

It is often said that Bitcoin is a hedge against uncertainty. And that's it.

What do you mean by "giving everyone the same opportunities"?Only people with fiat money have the opportunity to buy Bitcoin.The poor will stay outside the crypto community.Do you consider this to be "the same opportunities"?
I don't quite understand what do you mean by "still owning some Bitcoin out of every 21M existing in 2050"
So you want to buy BTC and HODL until 2050?This sounds crazy. Grin

The rules of Bitcoin are written in it's source code,but that doesn't mean that they can't be changed.

hd49728

legendary

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Not your keys, not your coins!

Bitcoin in particular and the cryptocurrency in general as well as crypto market will be under targets of governments and I am sure that governments will do more and more requirements on crypto exchanges. I don't know when it will happen but in the meantime, you can enjoy current level of freedom you have with crypto and crypto exchanges before you will lose it gradually.

It is on exchanges and when you sell your crypto on exchanges. Fortunately, as per protocol of bitcoin, it is decentralized and it was created to destroy the bank system, you will have somewhat of freedom. It is the matter on your side: How you store your bitcoin, how you sell it, how you keep your bitcoin transaction anonymously, etc.

Ucy

sr. member

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Compare rates on different exchanges & swap.

I'd say a better Bitcoin/crypto in terms of decentralization coupled with its other useful ideals is a good hedge against uncertainty. I think that is fair example of anti-fragility. The less decentralized, the less safe it becomes. A better decentralized Bitcoin system/network can also serve many very useful purposes than fiat and even gold. People will really understand this in times of serious crisis not by just mere theory

sunsilk

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Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

You know that you will still own some Bitcoin out of every 21 million existing in 2050.

There's only 21 million of total supply of bitcoin but the estimated year that all of it will be mined is by 2140. But, it's not that a big issue as the total circulating supply now is 18.4 million bitcoins, we're near to it and because of halving it will become more scarce for the next years to come.

While it's still existing, there's a decent market cap and there's liquidity, maybe that's the guarantee that you're describing. The acknowledgement from different countries and financial institutions is just starting. So, you are right on this quote if you're expecting something positive is about to come.

Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

When you buy Bitcoin in 2020, you already know what to expect.

Jating

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Quote from: Pacific10 on September 04, 2020, 05:07:59 AM

It is often said that Bitcoin is a hedge against uncertainty. And that's it.

As compare to gold? Bitcoin hasn't been tested as a good hedge against uncertainty though. Hedge mean that an asset that can't easily affected or influence by the market. And we know that bitcoin is very unstable and be definition can't be a 'true hedge'. As compare to let's say gold, it's been tested, specially in ww2.

And btw, bitcoin is predictable? it became a speculative asset and obviously, it is not predictable. Have you seen the crash in the last 24-48 hours? totally unexpected.

mk4

legendary

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📟 t3rminal.xyz

Depending what you mean by "Bitcoin is predictably a guarantee", it's definitely not, simply because there are no guarantees. Even as a person who has been bullish on bitcoin for years, I like to think really realistically and acknowledge that there are things that could significantly affect bitcoin in a negative manner.

Pacific10

newbie

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I have this deep convincing believe that Bitcoin will change the future world of money for the better by giving everyone the same opportunities.

Tell those who speak about the use of Bitcoin ending soon should come to realize the fact that the rules that govern Bitcoin’s monetary policy are written in its source code and that is a phenomenal guarantee for all its users., today and in the future.

When you buy Bitcoin in 2020, you already know what to expect. You know that you will still own some Bitcoin out of every 21 million existing in 2050. If you didn't sell off for fiat. This is not same for paper money.

It is often said that Bitcoin is a hedge against uncertainty. And that's it.

Topic: Bitcoin is predictably a guarantee in an uncertain world (Read 417 times)