Topic: Bitcoin is worthless, but in-game currency or tokens are priceless ...yea right! (Read 719 times)
June 18, 2020, 06:08:22 AM
I was actually amazed at that part where he said he has been buying 10 dollars worth of bitcoins everytime he has the chance to do it. I mean that is one good strategy to get bitcoins and that is to invest and buy at low volume. I actually wonder and was curious where he can buy 10 dollars worth of bitcoin. Do exchanges do that now? My impression is you needs large amounts like 100 dollars or 1000 dollars to be able to buy bitcoin. Can someone help me out where to buy in low volumes or low amounts?
June 17, 2020, 08:48:20 AM
That was a nice realization you made to him,
Instead of wasting his money on a game without gaining or expecting any return after a couple of years, investing the money to bitcoin is really the best option. We can't determine its value in the future but the good thing is, he can save more than enough for his own needs in the future.
Instead of wasting his money on a game without gaining or expecting any return after a couple of years, investing the money to bitcoin is really the best option. We can't determine its value in the future but the good thing is, he can save more than enough for his own needs in the future.
June 17, 2020, 06:44:23 AM
I have recently started playing a game called, "Forge of Empires" because the lockdown gave me loads of time to even play some online games. So, I joined a guild and I started talking to some of the older and more experienced players in the game and one thing lead to another and we started to talk about Bitcoin.
The player made the statement that "Bitcoin is worthless" because it is not something physical like Cash or Gold, which according to him had worth.
I then proceeded to debate this issue by asking him a couple of questions. My first question was... "How much money do you spend on the diamonds that you use within this game" - His answer : About $20 per week.
I followed that question with my second question, "How long have you been playing this game and spending that money on Diamonds? - His answer : "Hmmmm well, since about 2015"
I quickly made some rough calculations : $20/week x 4 weeks x 12 months = $960 per year x 5 years = $4800 spend on buying Diamonds for that game.
He never made that calculation, because he said it was from his entertainment budget, but he was amazed that it was that much. I then asked him.. Do you think those Diamonds are worth anything? (Would anyone buy your Diamonds or account for $4800?) - His answer : Definitely not.
I then said... Well, do you think if you spend that money on buying bitcoins that it would have been worth anything now? His answer : Yea.. I think I get what you are saying now.
This guy are now buying $10 worth of bitcoins weekly and still spending $10 on his Diamonds for the game. He send me a screenshot of his bitcoin balance and he is very proud of this investment.
Sometimes you just have to confront people with the things that are right before their eyes.
No need for you to go into arguments or to force people to buy anything, you just show them the truth and then wait for the light to come on. 
Since I started playing the game, I spend ZERO money on Diamonds
It is difficult for us to determine the fixed value of bitcoin in the cryptocurrency market. It can be considered as a non-profit currency. Its value changes rapidly depending on the market and investors. If you are lucky, when you buy bitcoin at a low price until you sell it can be 10 times more than the original. In a game there is always chance. That is also interesting. The player made the statement that "Bitcoin is worthless" because it is not something physical like Cash or Gold, which according to him had worth.
I then proceeded to debate this issue by asking him a couple of questions. My first question was... "How much money do you spend on the diamonds that you use within this game" - His answer : About $20 per week.
I followed that question with my second question, "How long have you been playing this game and spending that money on Diamonds? - His answer : "Hmmmm well, since about 2015"
I quickly made some rough calculations : $20/week x 4 weeks x 12 months = $960 per year x 5 years = $4800 spend on buying Diamonds for that game.
He never made that calculation, because he said it was from his entertainment budget, but he was amazed that it was that much. I then asked him.. Do you think those Diamonds are worth anything? (Would anyone buy your Diamonds or account for $4800?) - His answer : Definitely not.
I then said... Well, do you think if you spend that money on buying bitcoins that it would have been worth anything now? His answer : Yea.. I think I get what you are saying now.
This guy are now buying $10 worth of bitcoins weekly and still spending $10 on his Diamonds for the game. He send me a screenshot of his bitcoin balance and he is very proud of this investment.
Sometimes you just have to confront people with the things that are right before their eyes.
No need for you to go into arguments or to force people to buy anything, you just show them the truth and then wait for the light to come on. Since I started playing the game, I spend ZERO money on Diamonds
June 17, 2020, 04:33:56 AM
That was a nice decision for him when he actually cut his game expenses to 50% and the other half will go to Bitcoin. since the money is for entertainment, he doesn't feel the pressure of checking the price of bitcoin in the market every day. If people think like him, I'm sure every extravagance will come to something useful when they convert it to bitcoin than buying things that they don't really need in their lives. Some people have cut his alcohol expenses and others have stopped smoking for some sensible reasons. What if they consider buying bitcoin like this man did?
June 17, 2020, 03:43:55 AM
I hope those people I talked about it are like that. They think, they accept that mistakes and make something out of it but in my case, no. I could say that most of the people I talked about bitcoin are egotistical that if they don't want to, they don't want to. They don't want to accept that they have their mistakes where they should have a profit but they don't. If they think it is a scam, they'll die thinking like that, that kind of people. Some changed but they never even talked about it to me, I just found it in an exchange where they are sending btcs to other people, most of them stayed the same.
Always remember, it is not our duty to force people to adopt this technology. We show them where they might be mistaken about something and we plant the seed for something more to happen.
People do not like to be told what is good or bad for them, they want to brag to their friends that they discovered something by themselves. We plant the seed and water it and if the ground is good, the plant will grow.
Some people plant weed (misinformation) and we remove and destroy those weeds with the truth.
That is just nice. Well, I am not actually forcing them to use or adapt the technology, it is just that we end up in that conversation and they went to say that bitcoin is a scam, it is something being controlled by a group that will take the money of the users, something like that. I just can't stop being quiet and we end up in this debate and they can't just accept they are wrong, apparently, they are bad in debating too.
As I have said before, there is no reason to force the issue. Once you force the issue or you want to push a new technology down someones throat, you already lost the debate. Look at their concerns and digest it and then find a way to switch on the light, so that they can see Bitcoin from a new angle.
Someone once told me Bitcoin is a Ponzi scheme and I asked him what he understands under the concept of a Ponzi scheme and then I realized that he did not understand what it was all about. I then explained to him how a Ponzi scheme worked (because I have had previous experience of Ponzi schemes) and then explained why Bitcoin was not a Ponzi scheme, based on those facts.
You win people's confidence with your knowledge about the technology and how you present it, not by forcing the issue.
June 05, 2020, 10:21:36 AM
I hope those people I talked about it are like that. They think, they accept that mistakes and make something out of it but in my case, no. I could say that most of the people I talked about bitcoin are egotistical that if they don't want to, they don't want to. They don't want to accept that they have their mistakes where they should have a profit but they don't. If they think it is a scam, they'll die thinking like that, that kind of people. Some changed but they never even talked about it to me, I just found it in an exchange where they are sending btcs to other people, most of them stayed the same.
Always remember, it is not our duty to force people to adopt this technology. We show them where they might be mistaken about something and we plant the seed for something more to happen.
People do not like to be told what is good or bad for them, they want to brag to their friends that they discovered something by themselves. We plant the seed and water it and if the ground is good, the plant will grow.
Some people plant weed (misinformation) and we remove and destroy those weeds with the truth.
That is just nice. Well, I am not actually forcing them to use or adapt the technology, it is just that we end up in that conversation and they went to say that bitcoin is a scam, it is something being controlled by a group that will take the money of the users, something like that. I just can't stop being quiet and we end up in this debate and they can't just accept they are wrong, apparently, they are bad in debating too.
June 05, 2020, 04:54:25 AM
People just need to realize that there are better things to invest in, they think a small amount of cash won't mean anything, spending everyday for things not that important habitually.
Saving a dollar a day is definitely worth it.
This will be a reminder to all.
Saving a dollar a day is definitely worth it.
This will be a reminder to all.
June 05, 2020, 04:42:42 AM
The actual funny thing is, the way that this guy is "investing" is not the right way to do it, but rather the lazy way to do it. You never just dump X amount of money into bitcoin on a set schedule. He would be better off setting aside the money weekly and then buying when the price goes down. (The old saying, buy the dip and sell on the high)
I did give him this advice, but he says he does not have the dicipline to hoard the cash. If it gets too much, he will spend it. In anyways, it is not about the investing, but rather the shift in his believe of the technology that counts.
I did give him this advice, but he says he does not have the dicipline to hoard the cash. If it gets too much, he will spend it. In anyways, it is not about the investing, but rather the shift in his believe of the technology that counts.
June 04, 2020, 06:38:50 AM
You can turn to be an influencer right now tbh. Damn that logic got me so hard. It may have made him an investor instead of a user, but nonetheless, it's a step forward imo. I mean, most of us probably started with BTC as an investment instead of a cryptocurrency. Maybe that's just me but still, cause of learning investment, I basically learned about what BTC is not as an investment, which in turn made me support it right now.
Probably change the idea of wasted to spent instead since imo, no time is wasted. Just like how the guy from your friend learned about BTC while playing, there are a lot of things you can learn from playing games. Whether it be to your mind, to your social circle, to your skills, it isn't a waste. It would be a waste if you consider it as one, since your basically killing off what can be described as one of your strengths.
Now, let's also make something very clear, I am not saying it is wrong to spend some of your money on entertainment, because we should enjoy life with the things that interest you.
I also wasted 1000's of hours on gaming (Starcraft / Mud games / Counter-strike / Dune etc.... ) but at one stage you will have to measure your inputs into these games (money & time) and decide if that is the best way to do it.
Can you spend a little bit less time and money on those things (start small with say 20% less) and use that time to research new technologies and experimenting with that to increase your knowledge and also to possibly invest in your future. (You might find a job in Crypto currencies or your coins might increase in value)
I also wasted 1000's of hours on gaming (Starcraft / Mud games / Counter-strike / Dune etc.... ) but at one stage you will have to measure your inputs into these games (money & time) and decide if that is the best way to do it.
Can you spend a little bit less time and money on those things (start small with say 20% less) and use that time to research new technologies and experimenting with that to increase your knowledge and also to possibly invest in your future. (You might find a job in Crypto currencies or your coins might increase in value)
Probably change the idea of wasted to spent instead since imo, no time is wasted. Just like how the guy from your friend learned about BTC while playing, there are a lot of things you can learn from playing games. Whether it be to your mind, to your social circle, to your skills, it isn't a waste. It would be a waste if you consider it as one, since your basically killing off what can be described as one of your strengths.
June 04, 2020, 01:59:38 AM
I have recently started playing a game called, "Forge of Empires" because the lockdown gave me loads of time to even play some online games. So, I joined a guild and I started talking to some of the older and more experienced players in the game and one thing lead to another and we started to talk about Bitcoin.
The player made the statement that "Bitcoin is worthless" because it is not something physical like Cash or Gold, which according to him had worth.
Sometimes you just have to confront people with the things that are right before their eyes. No need for you to go into arguments or to force people to buy anything, you just show them the truth and then wait for the light to come on.
Since I started playing the game, I spend ZERO money on Diamonds
That was a great move! I've never spent any money on online games items, but I do understand why people might feel the urge to do that. If they do, they have no reason to say Bitcoin's worthless because:The player made the statement that "Bitcoin is worthless" because it is not something physical like Cash or Gold, which according to him had worth.
Sometimes you just have to confront people with the things that are right before their eyes.
No need for you to go into arguments or to force people to buy anything, you just show them the truth and then wait for the light to come on. Since I started playing the game, I spend ZERO money on Diamonds
1. They can always sell it back to fiat, sometimes with losses but other times with profit.
2. They can buy real goods and services with Bitcoin, even though the options can be limited.
3. Bitcoin has a 10-year-old history which speaks largely in its favor of being valuable and even more so with time, whereas the games most likely don't.
As for questions about Bitcoin being an investment vs money, I think in the context of the parallel with in-game currency it's quite clear that Bitcoin should be seen as a currency as well.
I just want to make it clear again (This was not mentioned in my opening post) Bitcoin can be a Commodity/Investment option, but it was developed to be a Currency. So, if you buy Bitcoin for an investment, you would be taking a risk, because all investments come with risk.
The main message that I wanted to give here was this, :
1. People judge Bitcoin based on misinformation.
2. People spend their money on something that are mostly worthless (like in-game items & tokens) and then they critisize Bitcoin for being worthless.
3. There are better ways to spend your money and time. (or some of it)
4. Aggressive arguments and fighting will not influence people to buy bitcoins.
Now, let's also make something very clear, I am not saying it is wrong to spend some of your money on entertainment, because we should enjoy life with the things that interest you.
I also wasted 1000's of hours on gaming (Starcraft / Mud games / Counter-strike / Dune etc.... ) but at one stage you will have to measure your inputs into these games (money & time) and decide if that is the best way to do it.
Can you spend a little bit less time and money on those things (start small with say 20% less) and use that time to research new technologies and experimenting with that to increase your knowledge and also to possibly invest in your future. (You might find a job in Crypto currencies or your coins might increase in value)
June 03, 2020, 02:14:46 PM
The guys wouldn't know about his bad spend choice/habit if you had engaged him hardly or approached him wrongly. Good thing he is seeing the bright side now and I hope he reduce the amount he's spending on entertainment and maybe change other of his gaming friends perspective on spending on entertainment because I'm very sure he isn't the only one doing that.
June 03, 2020, 11:04:14 AM
I have recently started playing a game called, "Forge of Empires" because the lockdown gave me loads of time to even play some online games. So, I joined a guild and I started talking to some of the older and more experienced players in the game and one thing lead to another and we started to talk about Bitcoin.
The player made the statement that "Bitcoin is worthless" because it is not something physical like Cash or Gold, which according to him had worth.
Sometimes you just have to confront people with the things that are right before their eyes. No need for you to go into arguments or to force people to buy anything, you just show them the truth and then wait for the light to come on.
Since I started playing the game, I spend ZERO money on Diamonds
That was a great move! I've never spent any money on online games items, but I do understand why people might feel the urge to do that. If they do, they have no reason to say Bitcoin's worthless because:The player made the statement that "Bitcoin is worthless" because it is not something physical like Cash or Gold, which according to him had worth.
Sometimes you just have to confront people with the things that are right before their eyes.
No need for you to go into arguments or to force people to buy anything, you just show them the truth and then wait for the light to come on. Since I started playing the game, I spend ZERO money on Diamonds
1. They can always sell it back to fiat, sometimes with losses but other times with profit.
2. They can buy real goods and services with Bitcoin, even though the options can be limited.
3. Bitcoin has a 10-year-old history which speaks largely in its favor of being valuable and even more so with time, whereas the games most likely don't.
As for questions about Bitcoin being an investment vs money, I think in the context of the parallel with in-game currency it's quite clear that Bitcoin should be seen as a currency as well.
June 03, 2020, 10:38:30 AM
...///...
Very good!!In reality you did a coaching gesture and the closest thing to a personal coach. The best thing that a user* that is dedicated to any type of betting activity, games (and in general any activity should have some supervision) can do is to have a third party evaluate you, and that it gives you sincere results.
In general, many are dedicated to just playing, playing, playing or entertaining, entertainment, but they do not comment with someone on their losses, their game methods, etc.
A forum or simply a chat as in your case, can help users to change their bad habits. The reflection that I have left of your OP is that you always have to be vigilant, because we do not know who can give us good information but above all good advice.
_____
User* When they justify their losses or bad investments as entertainment, it is the beginning of the road to disaster. Small justifiable expenses of $ 20- $ 40- $ 50 can turn into serious losses in the long term.
June 03, 2020, 03:35:27 AM
I am also one of those buy the premiums to put your character name on the top.
That was way back in 2005 where MMORPGs are booming. I didn't calculate everything I spent until the game went to an end.
It was devastating for me since I spend too much money for it.
Yes, it could have been smarter if it was put into an investment. But, at that time there are not many options and you will need a broker to help you invest.
All you could do is save money in the piggy bank. (banks have sophisticated rules)
Now, there is bitcoin. You just need the internet and you could save your money without the hassle of going to banks.
My total spent with the game I talking about estimates at $3000 - $3500. (game cards, computer rent, bot rent)
That was way back in 2005 where MMORPGs are booming. I didn't calculate everything I spent until the game went to an end.
It was devastating for me since I spend too much money for it.
Yes, it could have been smarter if it was put into an investment. But, at that time there are not many options and you will need a broker to help you invest.
All you could do is save money in the piggy bank. (banks have sophisticated rules)
Now, there is bitcoin. You just need the internet and you could save your money without the hassle of going to banks.
My total spent with the game I talking about estimates at $3000 - $3500. (game cards, computer rent, bot rent)
June 03, 2020, 01:50:31 AM
This guy are now buying $10 worth of bitcoins weekly and still spending $10 on his Diamonds for the game. He send me a screenshot of his bitcoin balance and he is very proud of this investment.
it seems to me that you just created yet another speculator who is more interested in making more $$$ from bitcoin than understanding what bitcoin really is! and that is not something to brag about
not to mention that the same person is going to curse you and leave bitcoin behind if for example price fell from $9700 to $9000 this week.
You are missing the point of this thread by 20 Miles my friend. The point was never to "brag" about me or to create any speculator.. it was about opening people's closed mindset towards Bitcoin. This person made the statement that Bitcoin was worthless and I used the "Diamonds" that he was buying in that game as an example to open his eyes to what true value is.
Yes, the price might drop tomorrow or a week from now.. but this person now realized that in-game currencies or tokens might be less valuable than Bitcoin. Also remember that the price might increase and then his bitcoins might be more valuable than when he bought it.
I highlighted the dangers and the risks of Bitcoin and that it is not supposed to be an investment..but rather a currency that should be used daily and he understands that.
maybe i missed it. but i didn't get the feeling of bitcoin being introduced as a currency from your starting post. if you did what i highlighted in the last line in this comment then i'm sorry to have misjudged your actions, it was indeed a good move.
June 02, 2020, 11:50:09 PM
-Snip
Great job I also have been in the same spot I used to invest in some games that I played but back then it was really for entertainment.If only there was someone like you who opened up the door for me I could have invested earlier and saved so much money instead of wasting it on some games that I would get bored eventually.
Now I am still playing games but I choose carefully what games I would play and if I could get something while playing it if I could use that game to make money,
But there are also some games that I play because it is fun and a way to spend some time with my friends.
June 02, 2020, 11:02:51 PM
No shit but this was similar to my convo with my GF last night. I was persuading her many times that we should invest even $100/month on bitcoin but she's the kind of worrywart in terms of investments and more like the conservative type. Just last night I message her that "Say what, bitcoin is ranging $10k now. If we invest our money during the time I'm talking about it to you that's worth it now and it will even worth it for the longer term" and just that I guess she felt regretful but good thing she agreed on what we talked from the past and I think she's bullish too by now.
I said to her by 2021 or even beyond that, the money we invested in it will be worth it but I think she's still having doubts like "Will it goes to zero or not?" that kind of questions but as I said to her this is now or never and immediately cash-in the money this morning since bitcoin price gets lower. I think people just needed a reason to find something over a matter that has worth before they really dived in.
I said to her by 2021 or even beyond that, the money we invested in it will be worth it but I think she's still having doubts like "Will it goes to zero or not?" that kind of questions but as I said to her this is now or never and immediately cash-in the money this morning since bitcoin price gets lower. I think people just needed a reason to find something over a matter that has worth before they really dived in.
June 02, 2020, 11:01:07 PM
Good story here, I always find the people who argue that bitcoin is worthless but I never successful to make him believe to bitcoin. I can't say bitcoin is useful because he has another opinion against it especially I stuck with government regulation.
I can't confince that he will be find when holding bitcoin whilst our government still have a chance to ban it and will make we can't access our bitcoin and withdraw it to money fiat.
That is why I have another important which should tell to someone who don't believe to bitcoin is to convince bitcoin will always be valuable in the future. At least they will be aware of it and will try to hold although a little amount of bitcoin.
I can't confince that he will be find when holding bitcoin whilst our government still have a chance to ban it and will make we can't access our bitcoin and withdraw it to money fiat.
That is why I have another important which should tell to someone who don't believe to bitcoin is to convince bitcoin will always be valuable in the future. At least they will be aware of it and will try to hold although a little amount of bitcoin.
June 02, 2020, 10:16:02 PM
It would be really frivolous to tell someone what they will do with their money, but my post was more focused on the fact that people are constantly saying that Bitcoin is too expensive, even 5 years ago when it only cost $200. But at the same time, these same people spend quite a lot of money on cigarettes, drugs or alcohol, which is in a way their right - but it's actually not just throwing money in the wind but also endangering their own and other people's health around them. Everyone should draw the line and calculate how much they can save in just 10 years if they start acting responsibly towards themselves, money and health.
Some people laughed at me personally 5-6 years ago because I believed Bitcoin had a bright future, and today they are sorry because they missed the opportunity. I'm not saying that someone should invest everything they have in Bitcoin, but that they should think about how to make their lives better and how to preserve the value of what they have today.
The point you are making is valid and I agree with what you are saying that all people should have the financial literacy to help themselves and to stop or atleast minimize their vices but that is not the thing that I am pointing out, the thing is that no matter how much you want to help people by reminding them with how much money that they waste on vices and telling them that they are wasting their money on useless thing, you will come off as an annoying guy, you may advice yes but you can't force them to change. I too have my own vices which is buying videogames (though I am buying them when there is a sale). Again I would say it, why save people when they do not want to be saved. Some people laughed at me personally 5-6 years ago because I believed Bitcoin had a bright future, and today they are sorry because they missed the opportunity. I'm not saying that someone should invest everything they have in Bitcoin, but that they should think about how to make their lives better and how to preserve the value of what they have today.
June 02, 2020, 04:17:42 PM
I hope those people I talked about it are like that. They think, they accept that mistakes and make something out of it but in my case, no. I could say that most of the people I talked about bitcoin are egotistical that if they don't want to, they don't want to. They don't want to accept that they have their mistakes where they should have a profit but they don't. If they think it is a scam, they'll die thinking like that, that kind of people. Some changed but they never even talked about it to me, I just found it in an exchange where they are sending btcs to other people, most of them stayed the same.
Always remember, it is not our duty to force people to adopt this technology. We show them where they might be mistaken about something and we plant the seed for something more to happen.
People do not like to be told what is good or bad for them, they want to brag to their friends that they discovered something by themselves. We plant the seed and water it and if the ground is good, the plant will grow.
Some people plant weed (misinformation) and we remove and destroy those weeds with the truth.
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