Bitcoin isn't just an investment, it is the future - page 5.

bxipp

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Quote from: mindrust on November 13, 2019, 06:43:33 PM

Quote from: migws on November 13, 2019, 04:26:11 PM

Quote from: Excell110 on October 02, 2019, 02:21:08 AM

From my last post about Bitcoin investment, following the valuable contributions of members of the forum, I learnt that Bitcoin investment is not just something that blossoms in a few days, rather it takes patience.

That gave rise to my new topic.
Bitcoin isn't just an investment, but it is the future...

Let's all share our thoughts about this, in order to encourage ourselves and build a stronger community of users.

If you consider Bitcoin as an asset, then it will grow and gain value in the future. However, many people love Bitcoin not for profit, people value Bitcoin as a tool to combat centralization, think about it

Why not both?

Bitcoin is both of these you mentioned, store of value and currency. Some people may use it as a currency and some other may just prefer to hodl and see it as an investment. The problem with FIAT is, it urges you to spend spend and spend. It is never good as a store of value in the long term. Bitcoin gives you both. Even Gold cannot give you both but bitcoin do.

I do agree about fiat. When you hold fiat you will have to spend it but with bitcoin you can hodl it and spend it cause with bitcoin the value might be grow much more from the current value and it also good for the investment in a long term. Which many agree that bitcoin is a very good coin to keep hodl on. For me it is the future of my investment..which i do believe it will rising.

mindrust

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Quote from: migws on November 13, 2019, 04:26:11 PM

Quote from: Excell110 on October 02, 2019, 02:21:08 AM

From my last post about Bitcoin investment, following the valuable contributions of members of the forum, I learnt that Bitcoin investment is not just something that blossoms in a few days, rather it takes patience.

That gave rise to my new topic.
Bitcoin isn't just an investment, but it is the future...

Let's all share our thoughts about this, in order to encourage ourselves and build a stronger community of users.

If you consider Bitcoin as an asset, then it will grow and gain value in the future. However, many people love Bitcoin not for profit, people value Bitcoin as a tool to combat centralization, think about it

Why not both?

Bitcoin is both of these you mentioned, store of value and currency. Some people may use it as a currency and some other may just prefer to hodl and see it as an investment. The problem with FIAT is, it urges you to spend spend and spend. It is never good as a store of value in the long term. Bitcoin gives you both. Even Gold cannot give you both but bitcoin do.

Velkro

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Quote from: Excell110 on October 02, 2019, 02:21:08 AM

Bitcoin isn't just an investment, but it is the future...

Let's all share our thoughts about this, in order to encourage ourselves and build a stronger community of users.

Agree but i would like that you elaborate on this topic more.
It is future, universal and global store of value but will it succeed long term? I think it will, but only future will show that

About community, building strong community is important, but is hard and demand a lot of work from members of this community. To help others, to build services for them.

BeManga

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Quote from: Excell110 on October 02, 2019, 02:21:08 AM

From my last post about Bitcoin investment, following the valuable contributions of members of the forum, I learnt that Bitcoin investment is not just something that blossoms in a few days, rather it takes patience.

That gave rise to my new topic.
Bitcoin isn't just an investment, but it is the future...

Let's all share our thoughts about this, in order to encourage ourselves and build a stronger community of users.

agreed in my own experience in bitcoin you really need a lot of patience and it is possible that bitcoin will be the future of money

finaleshot2016

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Quote from: Aikidoka on November 13, 2019, 04:59:19 PM

As the OP said, bitcoin it's more than being an investment, it's also can be used as an international crypto in the whole world in the future, as we know now that most of people around the world using the internet and they want like fast transactions using cryptos instead of paying using credit cards or PayPal, I think it's easier and also more safe and secure.

That is why it's important to learn other applications in bitcoin and blockchain because we can do a lot of things on it. It's very useful in our society and I'm trusting blockchain that it will be the future of technology. I've already started learning the blockchain and its application, it's a good thing to learn and we can formulate a lot of applications through a lot of concepts and ideas.

Bitcoin will not typically stay as for transactions only, it will be a worldwide asset soon used for everything.

Aikidoka

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As the OP said, bitcoin it's more than being an investment, it's also can be used as an international crypto in the whole world in the future, as we know now that most of people around the world using the internet and they want like fast transactions using cryptos instead of paying using credit cards or PayPal, I think it's easier and also more safe and secure.

shark1006

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Quote from: milani on November 13, 2019, 02:39:32 PM

Thinking small, of course in such case Bitcoin is just an investment and the resource of getting profit. But thinking more widely we can see that our century brought some new way of thinking and cooperations with each other, new type of making profit and investments. And everything is made via new technologies that in some years will be like plastic money cards and smartphones. Nowadays it looks like something quite different but after some time it will be like some ordinary thing that we used to. And it is great in my opinion.

Bitcoin has created a new model of human interaction and it is really cool. This is unrealistic progress for some 10 years.

migws

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Quote from: Excell110 on October 02, 2019, 02:21:08 AM

From my last post about Bitcoin investment, following the valuable contributions of members of the forum, I learnt that Bitcoin investment is not just something that blossoms in a few days, rather it takes patience.

That gave rise to my new topic.
Bitcoin isn't just an investment, but it is the future...

Let's all share our thoughts about this, in order to encourage ourselves and build a stronger community of users.

If you consider Bitcoin as an asset, then it will grow and gain value in the future. However, many people love Bitcoin not for profit, people value Bitcoin as a tool to combat centralization, think about it

crypto_fan_boy

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Honestly, there are many possibilities connected with cryptocurrencies. Bitcoin and its blockchain did a great job at starting the idea about digital monetary system enabling super fast transactions, loads of scalable solutions and many other possibilities. Tho we cannot foresee the real future of bitcoin. One cannot say if a system is bulletproof if he doesn't find all its faults first, which we haven't found so far.

boris1044

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Quote from: Excell110 on October 02, 2019, 02:21:08 AM

From my last post about Bitcoin investment, following the valuable contributions of members of the forum, I learnt that Bitcoin investment is not just something that blossoms in a few days, rather it takes patience.

That gave rise to my new topic.
Bitcoin isn't just an investment, but it is the future...

Let's all share our thoughts about this, in order to encourage ourselves and build a stronger community of users.

if you use bitcoin, you are trusting your money to a complex system you don’t understand, people you know nothing about, and an environment where you have no legal recourse. In the traditional world of investing, this would raise enough red flags to make it a bad idea. On the other hand, the European Central Bank reports that Bitcoin is just one of over 500 digital currencies now in circulation around the world. Even it Bitcoin ultimately fails or is relegated a minor role on the world stage, one of its successors could radically alter the way the world thinks of currency.

So what does the future hold for Bitcoin and other virtual currencies? It is safe to say that they are here to stay. You can use the virtual currency to make purchases in a wide variety of video games and some retailers like overstock.com and tigerdirect.com. You can also use bitcoin to safely purchase gift cards for hundreds of business like Home Depot, KMart, and amazon.com. However, the Bitcoin website notes that “Bitcoin is not a fiat currency with legal tender status in any jurisdiction.” And based on the regulatory and enforcement actions of major governments, including the United States and Russia, that status is unlikely to change anytime soon.

milani

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Thinking small, of course in such case Bitcoin is just an investment and the resource of getting profit. But thinking more widely we can see that our century brought some new way of thinking and cooperations with each other, new type of making profit and investments. And everything is made via new technologies that in some years will be like plastic money cards and smartphones. Nowadays it looks like something quite different but after some time it will be like some ordinary thing that we used to. And it is great in my opinion.

qwertyup23

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Quote from: Excell110 on October 02, 2019, 02:21:08 AM

From my last post about Bitcoin investment, following the valuable contributions of members of the forum, I learnt that Bitcoin investment is not just something that blossoms in a few days, rather it takes patience.

That gave rise to my new topic.
Bitcoin isn't just an investment, but it is the future...

Let's all share our thoughts about this, in order to encourage ourselves and build a stronger community of users.

Unfortunately, most people disregard the actual potential of Bitcoin as they focus more on its face-value rather than the technology behind it- which is the blockchain technology. You are right, we are actually investing for the future of transactions and the price is just incidental to it (treat it as a compensation/reward).

Think of it this way, if the blockchain technology were to be implemented in our transactions, this would eliminate the need for a third-party in handling it and every information is reflected in a public ledger, accessible in the internet.

Zack Wilberg

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Bitcoin is the future no doubt, I believe it has come to stay. As it has been accepted by so many countries already, And using it to process real time transactions. But I believe bitcoin is also a good investment, This applies to both long and short term holders. I invested approximately $25,000 worth of BTC on BItflash.eu and i earn 10% every week.

Bonenx14

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Quote from: FrankNoland on November 13, 2019, 07:09:25 AM

I am not opposing you, but i think we probably should not be too optimistic about the future since we don't what is has for us. Facing reality, Bitcoin is just an investment, nothing or less, let's look at bitcoin in both sides, the good and the bad. Do you think that all the people who bought bitcoin at its all time high($19 000-$20 000) feel the same now?
I get the impression that you just anticipating $1mil per BTC exchange rate. You will be surprised by how things can always change and the future ofcourse.

if you think that bitcoin is just an investment, it seems like you don't know much about the technology in it. blockchain technology is currently pretty much in demand in education, I found the concept of learning in udacity. You should find out about blockchain technology and rethink your current opinion

FrankNoland

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I am not opposing you, but i think we probably should not be too optimistic about the future since we don't what is has for us. Facing reality, Bitcoin is just an investment, nothing or less, let's look at bitcoin in both sides, the good and the bad. Do you think that all the people who bought bitcoin at its all time high($19 000-$20 000) feel the same now?
I get the impression that you just anticipating $1mil per BTC exchange rate. You will be surprised by how things can always change and the future ofcourse.

hotmom

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This is the future if the world changes with bitcoin and Vice versa, otherwise nothing will come out.

SamarasLoch

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Quote from: Excell110 on October 02, 2019, 02:21:08 AM

Bitcoin isn't just an investment, but it is the future..

This line is the reason I haven't stopped being interested in Bitcoin. From my rely days as a Bitcoin investor and trader, I have made quite a number of losses that would have made me stop everything about bitcoin. But I began to see bitcoin as more than just an investment and began seeing it as the future of money.
Seeing what bitcoin and other cryptocurrencies can do, its evident that this will be the future of money as the world has been on a constant shift from traditional methods to digital methods. Payment systems won't be left out of this transition and Bitcoin is at the forefront of this movement.

paskah01

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Quote from: Kyraishi on October 02, 2019, 02:29:37 AM

Great mindset mate, I really like how people are realizing that BTC isn't another get rich scheme, but it instead does take time and is more about the technology and motives behind it than just making money.

People will need to start looking at cryptocurrencies as not a get rich scheme, or another "bubble" in the tech industry but realize that the technology is going to be incredibly useful for our society in the future.

Agree.. There are a lot of room left to see about what is going to happen in crypto market. Bitcoin dominance is indeed high right now, but there are also a lot of interesting projects on the move, like https://zoobc.com/ with their amazing vision. For now, isn't about making the technology something worthwhile? By the way, in case you're interested to the ZooBC project i linked above, please join the forum https://zoobc.org/ and participate on the discussion Cheesy

puertorikosena

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Quote from: Excell110 on October 02, 2019, 02:21:08 AM

From my last post about Bitcoin investment, following the valuable contributions of members of the forum, I learnt that Bitcoin investment is not just something that blossoms in a few days, rather it takes patience.

That gave rise to my new topic.
Bitcoin isn't just an investment, but it is the future...

Let's all share our thoughts about this, in order to encourage ourselves and build a stronger community of users.

I think that first of all all members of the community need to think about the main idea and technology on which everything is built, and not about their own benefit. We are all doing a great job that has already begun to change the world, but it will take many more years for complete change. Blockchain is slowly but surely penetrating our life deeper and deeper every day. Based on the blockchain, other, more advanced technologies will appear.

daarul50

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Quote from: btc78 on November 12, 2019, 08:44:43 AM

Quote from: syaripudin on November 12, 2019, 08:15:25 AM

Quote from: Asyifiah on November 02, 2019, 06:43:50 AM

slowly but surely bitcoin will kill the world of conventional banks.
inevitably conventional banks will use the blockchain system in their banking system because conventional bank customer data is still quite vulnerable to hacking.

I don't think that will happen, because the role of the bank is certainly still very much needed, although bitcoin has a good future and has been trusted by many people as a valuable form of investment, but in the future bitcoin will be an alternative tool that can facilitate everyone because along time will certainly be more and more people like the concept of this technology

never forget that Bitcoin is a currency so the chance of killing banks is there,maybe not today or tomorrow but it will happen.

what we need in banks that we cannot have in bitcoin?or rather in cryptocurrencies?and never forget that most of us here divert their investments in bitcoin from banks because we are tired of their policies and doings.people need privacy and the power over their own money that is financial freedom and Bitcoin gave us this.

wrong logic , bitcoin and banks will not kill each other existence.

banks could just be there alongside bitcoin , it is not disruptive at all. people are not ready yet to go 100% decentralized , things are still required some institutions to protect them in centralized ways as they are not get used to it.
the real financial freedom let you do like make a transaction under no regulation but you are the only one who responsible on it, are you ready for that? i don't think so. until that moment bank will always there to stay.

the bitcoin currency system is not fit yet to the current situation where people will not accept a currency with high volatility up and down in price, nearly impossible to implement it now.

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