Topic: Bitcoin isn't a volatile asset. It is something else entirely. (Read 1593 times)

It's a belief of many people that bitcoin is volatile..and ya i think its volatile at present but in future the case would not be the same at present you can afford to invest in bitcoins as the future of bitcoin is safe ya it will face the competition with some new technology as well but it will not be dead.

Its considered multiple directions at this moment.

Yes, you can sell money for bitcoin and also trade for real gold that accepts it with bitpay. But, the technology should be considered more important then anything with a public ledger on howe do finance.

   
"Re: Bitcoin isn't a volatile asset. It is something else entirely. "

Yep, it is money.

Mr Pegasus, how do you decide whether to post on reddit or here?

Greed is in human's nature so deal with it and if you are using this kind of knowledge like a kid then you could say that gold and silver are also the financial virus. There is no point in arguing this but yes bitcoin changed alot of people's financial. No one will be willing to kill bitcoin not because of greed but because it is not kill-able since this technology is way beyond every currency nowadays

Sure, i read yours! And it seems it becomes a fundamental discussion.
I wrote already, it can become useless! This includes your option "if nobody accept it". But it is not the same like worthless! seriously!
What is bitcoin really worth? And is it the best way to compare the worth of bitcoin with fiat money? Maybe you have never learned to compare a worth with other things than money?
Hey, Bitcoin was created as a alternative to the things which you use today for the comparison of it's worth! The idea behind it is, Bitcoin replaces fiat!
And your fiat/USD is absolute not stable in comparison with natural things like food or oil!
By the way, bitcoin is only few years old. That it seems high volatile comes from the comparison with fiat, the speculation about the worth and also the profit thoughts of the people. Mainly from the people who mined the main part of bitcoins in the past. But this period seems over now.
The next step is acceptance and popularity.
And if the mass of people on earth use bitcoin in the future, then it will be much more stable as your USD. But this is a long way, i believe.

And bitcoin.  A financial virus...  Each node and little bit...  Useless by itself.  But together?  Together, they are growing, swarming, transforming.  Their fuel?  Human greed.  

Sigh, you quote me but you didn't even read it. Seriously. Bitcoin can become worthless. If no one accepts it, it's worthless. simple.

No, the opposite is the case. Bitcoin isn't volatile, but every fiat currency is it. It is only your way of thinking why you say bitcoin is volatile.
I say bitcoin can't be volatile in reality, but fiat can be simple volatile. It is so easy to change/manipulate values of a fiat currency (
and it is unpredictable). That's why satoshi nagamoto has created bitcoin!
You say bitcoin moves up or down... I say it can't. Your fiat moves up and down! If you guys say: "oh bitcoin raise, it becomes expensive, oh it reaches thousand dollar and more", then i say: "oh look all the fiat becomes cheap and cheaper"!
But! In the other direction, Bitcoin can't become worthless, it has a limited amount of coins. It can be useless, but why it should? Your fiat money can become worthless, that's why it is regulated by states and banks. And exactly this makes the fiat currency volatile against all the other things, which have a real worth weighed on the benefits.

Yes, but you're wrong. bitcoin isn't just volatile to USD, it's volatile to everything. Whereas USD is comparatively stable when compared against say, the price of grain, or a computer, or oil, or pizza.

The fact that when Bitcoin moves up in relation to a fiat currency (BTC/USD for instance) it also moves up against all other fiat currencies (same with moving down against fiat), shows that it is BTC that is volatile and not the other way around.

Bitcoin is in the midst of birth and growth, a violent process which will result in it stabilizing at a "market cap" that represents the entire value of humanity (as estimated by humanity).  
  
So there will still be fluctuations, but you can expect to see the reserve currency of Earth maintain relative stability once it reaches maturity.  
  
Saying that bitcoin won't work as a currency is like looking at a Kindergartner and declaring they are unemployable.  
  
Isn't that elegant?  Beautiful really.  
  
Like the way a single ant is useless, and easily crushed.  But a colony, living in your house?  Fueled by sugar?  The only way to stop it is to remove the food source, or else it will keep growing.  
  
Like that same small child...  Each one of his little cells is useless by itself, and easily stopped.  But together?  They are a consciousness, growing and expanding.  If you continue to feed it energy, the human child will grow into something mighty and unimaginably capable.  
  
And bitcoin.  A financial virus...  Each node and little bit...  Useless by itself.  But together?  Together, they are growing, swarming, transforming.  Their fuel?  Human greed.  
  
If you want to stop bitcoin, simply tell all the humans to stop being greedy.  This kills the bitcoin.  Convince all humans to stop wanting more than their neighbors, and abolish money entirely.  Return to a system of socialized sharing, where people contribute what they can and everyone gives freely of their time and resources in hopes that others will do the same.  
  
But you won't do that.  No one will.   Because you're human.  
  
Selfishness and greed are built into human programming, the same way as an ant returns to the nest when it finds sugar, leaving a little trail of pheromones along the way.  
  
And make no mistake.  
  
Bitcoin will feed on that greed, until it consumes every ounce of value on the planet.  
  
There is no stopping it now.  The only thing we can do is try to understand it, and try to ensure its capabilities are used for benevolence, not destruction.  
  
And go ahead and try to profit from it while you're at it.  
  
After all, greed is your nature.  

A virus is fundamentally neither good not evil; it is just a life form trying to survive.  
  
And yes, there will be many people who bitcoin will spread to.   The scary thing is that it gains strength as it spreads, so it is much preferable to catch it early and gain an immunity vs. Being one of the last to experience it.  Some will find they can survive and thrive in a world consumed by bitcoin.  Some will not.  
  
There will be beneficial and destructive effects by the end.  
  
Consider the effects of humanity exploding in population and consuming the Earth.   Some parts will thrive and cohabitate with us, and some will go extinct.

i would say a beneficial virus, or the cure of the real virus, the real plague of this world

i don't agree on the "greedy part" about bitcoin and the way to kill it, bitcoin isn't about greediness, but about freedom

i would say a beneficial virus, or the cure of the real virus, the real plague of this world

i don't agree on the "greedy part" about bitcoin and the way to kill it, bitcoin isn't about greediness, but about freedom

But it's still a volatile asset?

Sounds like conspiracy theory , so low probability that it shouldn't be seriously considered for me.

but you're wrong. bitcoin isn't just volatile to USD, it's volatile to everything. Whereas USD is comparatively stable when compared against say, the price of grain, or a computer, or oil, or pizza.