Bitcoin: The smartest investment choice. - page 3.

btc78

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Quote from: Dimitri94 on October 31, 2023, 12:46:49 AM

Quote from: Natsuu on October 27, 2023, 06:43:43 AM

It’s our choice if we believe to those kind of people. I mean its helpful that we learn different persperctives regarding Bitcoin but it comes from closed minded people who refused to believe on what BTC can offer, we are not obliged to listen to them.

When I first learned about Bitcoin I didn't care as much as I care about Bitcoin at the moment. Many may think of Bitcoin as just a means of investment. But if it is planned for a long time then the interest of the investors will increase. I was quite attractive on gold before learning about bitcoin. But I realize long term bitcoin will be a more valuable asset than gold. No specific supply is known in case of gold. But Bitcoin has limited supply. After 21 million bitcoins no more bitcoins will be created. It will be certainly regarded as an valuable asset.

Like yours? yeah I in the past believe that gold is the best investment comparing to Banks and other form since I am also not that good about trading and real estate , but when I learn about bitcoin and what is this future? I started digging and yes now I am investors that believe about what will be my lights for future.
and also the shining of gold is really attracted , I almost put everything in Gold back then but now? I only have bracelet and necklace for events use and nothing more even a ring(aside from our wedding ring)

poodle63

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Quote from: Kakmakr on October 31, 2023, 12:44:54 AM

You will never convince "old money" supporters like Warren Buffett and Charlie Munger that Bitcoin is a good investment, because they hate competition. They want money to be invested in Berkshire and it's investment options and not into some competitive offering that they do not understand.

This is why most of the old school super rich guys are against Bitcoin and making ridiculous statements about it. We should stop listening to people that do not want to change and those who do not want to evolve. Those people support their rich buddies and their circle of friends and the rest are just cannon fodder for them. Roll Eyes

also they need the flow of investment from other retailers and in massive amount on top of that to profit from their traditional investment.
they just want the easiest and most convenient way of making money which is just gaining profit from the market that they are good at.
in this case they are always against bitcoin because they simply need to start from scratch again, moreover the nature of the bitcoin and cryptocurrency market in general is heavily competitive and rather
heavily depends on the pure demand and supply, thats why I guess they don't really have the best idea about cryptocurrency in general and their advice aren't really relevant.

gunhell16

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Even if there are people who say bad things about Bitcoin, it's up to us if we believe it. Why should we believe what others say if we know that Bitcoin has brought good things to our lives or great contributions it has given us?

It means that no matter what that person says, even if he is the most famous person, if you know for yourself that Bitcoin has become your partner in terms of financial problems, you will ignore such nonsense as a matter of fact.

Silberman

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Quote from: kryptqnick on October 31, 2023, 10:32:05 AM

When I read the post, I assumed it was going to be an old, 70+ person. But he's not just 70+, he's 99 years old! So that's a person who's lived most of his life without the Internet, let alone cryptocurrencies. He's also clearly a person of a very different story of successful investments, the traditional stocks worked really well for him. So I won't even hold it against him that he doesn't get Bitcoin investments and is pissed that Bitcoin grew so much. He's literally a man of the past era, and his opinion is based on his life experience, which largely occurred without Bitcoin, within the system Bitcoin's trying to undermine.

The ability people have to adapt while extraordinary still has limits, Buffett and his associates are from a different era, a world which can be very difficult for people which are young to even imagine, so it not surprising our vision and their vision about the reality does not match, however when they are so vocal against something they do not understand and try to undermine it then it is natural this creates a reaction among some of those that see in this market a great deal of potential.

Miles2006

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Quote from: bluebit25 on October 27, 2023, 08:12:28 AM

Actually, those influencers seem to like to exaggerate their views, even though it makes no sense for the long term crypto market. Yes, maybe the short term volatility is so strong that there is no functioning financial market. But the story here is that they (previous generations) could only invest in things that were available at that time, but they were core to the economic industry, and it was not possible for them to succeed and become billionaires, meaning they are always right. People who don't understand bitcoin or have never even traded with it like to attack it, and there are also a bunch of conspiracies about whether they really don't hold bitcoins.

Just like what you said people who have never come close to know more about bitcoin or people who have never invested on bitcoin they are the ones spreading false information about bitcoin and that's very bad, is better to experience the world of bitcoin and make the decision for yourself. I don't believe in people who spread false information about bitcoin, I will rather experience bitcoin by myself and decide if I should invest or not.
When matters like this arise is best to ignore because I don't see any point arguing with an old man, they will always stick to there decision and same here we will also invest, buy and trade no matter what.

God bless u

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Quote from: Dimitri94 on October 31, 2023, 12:46:49 AM

When I first learned about Bitcoin I didn't care as much as I care about Bitcoin at the moment. Many may think of Bitcoin as just a means of investment. But if it is planned for a long time then the interest of the investors will increase. I was quite attractive on gold before learning about bitcoin. But I realize long term bitcoin will be a more valuable asset than gold. No specific supply is known in case of gold. But Bitcoin has limited supply. After 21 million bitcoins no more bitcoins will be created. It will be certainly regarded as an valuable asset.

Those who don't have examined the benefit of bitcoin and gold are not able to understand it but once a person know that how profitable they are then they will collect money to be put in them. A person always give value to the asset in which he wants to put money or in which he has already put money but if you don't have any concern with any asset then you will not give any attention to its decrease and increase price.

Bitcoin and gold both are beneficial but as we compared gold with bitcoin then gold is not much beneficial because when we selling charges of gold is very high therefore one cannot get benefit from gold in short term but if long time passed then it can give you higher return. Due to limited number of bitcoin present here the value of it increases day by day and when we see the past then we have proof that bitcoin is more valuable now in contrast with passed years.

kryptqnick

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When I read the post, I assumed it was going to be an old, 70+ person. But he's not just 70+, he's 99 years old! So that's a person who's lived most of his life without the Internet, let alone cryptocurrencies. He's also clearly a person of a very different story of successful investments, the traditional stocks worked really well for him. So I won't even hold it against him that he doesn't get Bitcoin investments and is pissed that Bitcoin grew so much. He's literally a man of the past era, and his opinion is based on his life experience, which largely occurred without Bitcoin, within the system Bitcoin's trying to undermine.

Gladitorcomeback

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Quote from: FanEagle on October 30, 2023, 02:46:04 PM

I think it's quite important that we are going to hold the best one. Bitcoin is so great that if you have 100% investment in bitcoin, nothing else, not non-crypto stuff like stocks or gold, nor anything in altcoin world, purely all your entire investment is to bitcoin, I would support that too. It's that good, and even though diversification is suggested, bitcoin is so far miles ahead of every other asset in the world that you do not really need to invest into anything else.

I also support investing, but I don’t think it would be a wise decision to put all my money in only one place. The main reason is that most rich people don’t invest in any one business but rather with their capital in the various industries. I think investing in Bitcoin should also include investing in gold, and real estate.

Both buying and selling of real estate and buying and selling of gold have been done since the very old times when Bitcoin did not exist and even not anyone think about it, and investing in real estate and gold seems safer to me than Bitcoin(due to regulations and many other factor in our country). We prefer Bitcoin simply because of the higher returns. it should also be realized that crypto currency market is a risky market where I would never support investing all my capital. Even if it is Bitcoin, because if Bitcoin can give me good profit, there are also risks of loss.

Promocodeudo

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Different people with a different understanding, as long as there is freedom of speech, there is no limit to what anyone can say, but you will be doomed if you listen to them without investigating properly, you don't force people with negative mindsets on Bitcoin because there is nothing you will say that is going to convince them instead choose the interested people and move on, people don't still believe that BTC has come to stay so you won't blame them, some of this people discouraging some individuals might be Government paid agent, since the Government know that they are respected persons, Government believes that their voice will be listened to, this the reason why I don't like reading any journal that makes a negative statement about BTC, Note, the Government will stop at nothing to bring BTC down because of the danger the perceived from it.

Dimitri94

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Quote from: Natsuu on October 27, 2023, 06:43:43 AM

It’s our choice if we believe to those kind of people. I mean its helpful that we learn different persperctives regarding Bitcoin but it comes from closed minded people who refused to believe on what BTC can offer, we are not obliged to listen to them.

When I first learned about Bitcoin I didn't care as much as I care about Bitcoin at the moment. Many may think of Bitcoin as just a means of investment. But if it is planned for a long time then the interest of the investors will increase. I was quite attractive on gold before learning about bitcoin. But I realize long term bitcoin will be a more valuable asset than gold. No specific supply is known in case of gold. But Bitcoin has limited supply. After 21 million bitcoins no more bitcoins will be created. It will be certainly regarded as an valuable asset.

Kakmakr

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You will never convince "old money" supporters like Warren Buffett and Charlie Munger that Bitcoin is a good investment, because they hate competition. They want money to be invested in Berkshire and it's investment options and not into some competitive offering that they do not understand.

This is why most of the old school super rich guys are against Bitcoin and making ridiculous statements about it. We should stop listening to people that do not want to change and those who do not want to evolve. Those people support their rich buddies and their circle of friends and the rest are just cannon fodder for them. Roll Eyes

tygeade

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Quote from: bluebit25 on October 27, 2023, 08:12:28 AM

Actually, those influencers seem to like to exaggerate their views, even though it makes no sense for the long term crypto market. Yes, maybe the short term volatility is so strong that there is no functioning financial market. But the story here is that they (previous generations) could only invest in things that were available at that time, but they were core to the economic industry, and it was not possible for them to succeed and become billionaires, meaning they are always right. People who don't understand bitcoin or have never even traded with it like to attack it, and there are also a bunch of conspiracies about whether they really don't hold bitcoins.

That is what they are good at (exaggerating things) and they can accept any kind of offers even though it's not really good for others but as long they are getting paid through it. Sometimes the volatility for the short term is strong but nowadays I think it gotten weaker and we mostly experience a stability only. This doesn't mean that the market is not functional anymore. Of course they always run. Previous generations or not, we all can only invest on what is laid on the table.

There were many good investment assets back in time and if the investor is also good at handling it, it is always possible for them to succeed and be wealthy. Those who attack BTC are sometimes faking it. The truth is they also support BTC. They only spread FUD to take advantage of the dump when people panic and sell.

FanEagle

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This is entirely true because it can be the best investment you have ever made if you know what you are doing. Too many people are unsure about what they are doing and that is why they end up dividing their money way too much or taking way too many risk, but bitcoin is by far the best asset you could hold. In fact, even though I have investments in other coins, if someone told me that they only hold Bitcoin (which I know a few people like that) then I would 100% support that for sure.

I think it's quite important that we are going to hold the best one. Bitcoin is so great that if you have 100% investment in bitcoin, nothing else, not non-crypto stuff like stocks or gold, nor anything in altcoin world, purely all your entire investment is to bitcoin, I would support that too. It's that good, and even though diversification is suggested, bitcoin is so far miles ahead of every other asset in the world that you do not really need to invest into anything else.

o48o

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Quote from: Bitco55 on October 27, 2023, 06:05:14 AM

Recently, the vice chairman of Berkshire Hathaway and the business partner of Warren Buffett, Charlie Munger, made some controversial remarks about Bitcoin and cryptocurrency at Zoom's Zoomtopia 2023 conference. He called Bitcoin "the stupidest investment I ever saw", and said that most crypto investments will go to zero. He also said that despises Bitcoin's growth and that he would never buy or invest it.

In this thread, I will argue that Munger is wrong about Bitcoin and that it is actually the smartest investment choice one can make.

First of all, it is decentralized and scarce. Starting from its scarcity, the fact that Bitcoin's supply is fixed is more than enough reason to understand that its value is way higher than fiat currency. It can preserve its purchasing power and protect its hodlers from inflation and currency devaluation, literally the number 1 thing against paper money.
-cut-

While i do agree with most of your points i have to ask what do you mean by value in here? Because it's certainly isn't value by marketcap. Just USD marketcap is now 985,841,269 BTC And CNY is over twice over that.

Also comparing it to fiat money isn't fair, as no one has ever said that fiat money would have ever been a good long time investment solution. It's by design inflationary and centralized so that it can act as a stabilizing tool for a country that has issued it. You can't use decentralized fixed supply currencies as a main currency of a country unless you are very much in early developing state. It has cool features that fiat money doesn't have, but because of those features it can't be as flexible tool as fiat money. From the government point of view i mean.

KiaKia

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When people talk trash about something, make sure you look into it, because that thing will probably become a successful thing, this is my way, as people are good at misleading others even if they are popular people, if you follow people blindly you can be lead astray.

Bitcoin has it's disadvantages but every other currencies have more disadvantages than Bitcoin, just because people say things about Bitcoin does not mean it's the truth, you are to do your own research first before you start supporting the motion.

Bitcoin is a speculative asset but it's the only thing that can solve the problem of every countries, that's not hard to see right now, a speculative asset is way ahead of the Fiat system and their never ending inflation virus, it's time for Bitcoin to come to the rescue, if they are ready to accept.

karabiber

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Anyone who knows Munger's life story will respect him. And that includes me. But I disagree with his statements about Bitcoin, because there was a time when gold investors hated the stock market and saw stocks as a bubble. This was around the time when Munger bought his first stocks and when he entered the market. I wonder what Munger thought about this at the time. Because the assets he invested in back then were revolutionary. Just like the investments in Bitcoin today.

Munger became wealthy through stocks after the Great Depression of 1929, and he became wealthy through change. The only thing that doesn't change is change. Instead of being prejudiced, I think it is right to capture the financial revolutions that are happening and today it is Bitcoin that is creating this revolution. The opportunity that Munger seized in the past years, other generations have seized today, and instead of supporting them, Munger says he finds it absurd. Munger is in the same position today as Munger was when gold investors opposed the market in which Munger got rich, and Munger opposes crypto markets. If you want to catch the financial revolution, get involved in the cryptocurrency markets and invest in Bitcoin.

panganib999

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Munger is Buffet's bootlicker, who he himself says that bitcoin is nothing but a speculative asset and the growth that bitcoin exhibited over the past few years has been nothing but a sham. But eventually we find out he's investing in cryptocurrencies himself, or at least his company. What a fucking hypocrite. I wouldn't trust these senile motherfuckers with my life, let alone with my investment choices. Buffet got lucky with the coke investment and he would never shut the fuck up about it, Munger's got no balls and he's probably just licking Buffet's scraps, no one beyond the investment world really knows them as well, but ask someone on the street about bitcoin and they'd tell you what the know about it. Move on people, these kind of senile retards do not deserve our time.

doomloop

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Quote from: Bitco55 on October 27, 2023, 06:05:14 AM

In this thread, I will argue that Munger is wrong about Bitcoin and that it is actually the smartest investment choice one can make.

All these people do is use Bitcoin and its popularity to get attention among the general public only to stay in the limelight and make them successful. So, the very first thing we need to do is stop giving them attention and don't let them use the fam of Bitcoin in their own favor because they know that every single Bitcoin holder's attention will be grabbed if they talk negatively about Bitcoin and make it look or sound like something that is completely useless.

There is one more thing that I always think about, I believe that the people who are millionaires or billionaires actually blame Bitcoin or say it's bad are most probably actually buying and storing Bitcoins in the back but aren't letting anyone know because if they do, people would stop giving them any attention.

bangjoe

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Quote from: Bananington on October 29, 2023, 09:01:17 AM

Quote from: Bitco55 on October 27, 2023, 06:05:14 AM

In conclusion, Bitcoin is a decentralized, scarce, innovative, adaptable, inclusive, and global. It is a superior form of money and a store of value. I can't even begin to emphasize how much of a revolution it is in the world.

Bitcoin investment is the better choice right now, because you can easily carry your investment anywhere with you under any circumstance. Land has been regarded as an investment that gains in value and compared with bitcoins often, but seeing how some people in Gaza and other places where crisis has forced people to relocate, such investment in land has been lost already, but people who had invested in bitcoins have lost nothing but physical properties. They are able to carry their investment in bitcoins with them even in a piece of paper with their seed phrase.

For security in his assets it is very safe in any situation, for example as you say that Bitcoin is not injured even when your country plays a role, the bitcoin that you have is not reduced or damaged, unlike other assets such as real estate that can be damaged due to bombing all out. While you keep your seeds right and you always keep it well, you will never lose it.

But the question for yourself, that when yesterday I heard that in Gaza really could not connect the internet for some time and until even electricity they did not have, only for my simple thought said that indeed at that time also Bitcoin could not In liquidation if the owner needs it.

Bananington

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Quote from: Bitco55 on October 27, 2023, 06:05:14 AM

In conclusion, Bitcoin is a decentralized, scarce, innovative, adaptable, inclusive, and global. It is a superior form of money and a store of value. I can't even begin to emphasize how much of a revolution it is in the world.

Bitcoin investment is the better choice right now, because you can easily carry your investment anywhere with you under any circumstance. Land has been regarded as an investment that gains in value and compared with bitcoins often, but seeing how some people in Gaza and other places where crisis has forced people to relocate, such investment in land has been lost already, but people who had invested in bitcoins have lost nothing but physical properties. They are able to carry their investment in bitcoins with them even in a piece of paper with their seed phrase.

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