Can you stop calling Bitcoin an investment?

LeGaulois

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Quote from: ExpediteStyle201 on September 01, 2018, 01:49:04 PM

No, because it is originally a great investment and I also want to add that it is very much profitable than other investment and it has proven several times.

Much profitable. You should go to say this to the thousands and thousands of people who invested back during Q4 2017. They will tell you how it's much profitable. Who knows, maybe you will accept to refund their loss.
The price has declined by 60-70% since, such profits, much more profitable than any other investment.... Remember me to never listen to you when it's about financial advice

I'm locking the thread now for obvious reasons.

ExpediteStyle201

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No, because it is originally a great investment and I also want to add that it is very much profitable than other investment and it has proven several times.

LeGaulois

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Quote from: Tunapress on September 01, 2018, 12:25:52 PM

Limited supply and distribution lead to the similarity of gold. It is not difficult to see the similarity of something that has been used as a currency as an asset and as an investment. I wonder what would you call a bitcoin? A currency? I do not think it matches Bitcoin

Yes, Bitcoin is a currency. The fact that you accept it or not is something else. The fact that you consider it an investment is also something else.
I know the majority here doesn't care about the adoption nor the development, as long you are still getting your free money. I wish a day Bitcoin fall to $1, surely all of you leave this industry, and real users will be able to use it correctly.
As I was saying, don't complain about regulation so, and don't aim to agree with the Bitcoin's purpose.

None of you has been able to show me a single post from Satoshi talking about Bitcoin as an investment, nor in the white paper (which I am sure most of you didn't bother to read it once, and not even know where to get it)

Tunapress

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Limited supply and distribution lead to the similarity of gold. It is not difficult to see the similarity of something that has been used as a currency as an asset and as an investment. I wonder what would you call a bitcoin? A currency? I do not think it matches Bitcoin

KseniaLard

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That's right, bitkoyn looks like a lottery. Most likely, you get a huge profit from buying bitcoins, as your chance to win money from the lottery. its success rate is difficult to assess. If your money is limited, playing bitcoin is a very risky thing.

InCoinsITrust

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Although. It is an investment, you buy it in the hope that the price increases and you make a profit. “An investment”

tkaush

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Quote from: LeGaulois on July 27, 2018, 06:47:26 AM

Can you stop calling Bitcoin an investment?

This damages the cryptocurrency. Bitcoin was not created to become an investment. Before Bitcoin, there were some digital currencies years back, the goal was always to be able to create a (digital) currency free from central banks and governments.
Cypherpunks and other anarcho-capitalists are at the origin of this idea, perhaps 20 or 30 years ago. None were intended to make an investment to be rich quickly.
You won't find in the white paper "investing" mentioned, you won't find any post from Satoshi mentioning it

Considering Bitcoin as an investment, this is the reason why we have more and more regulations, G20 summits and others craps, KYC, etc...
The word "Crypto-assets" didn't exist before, why did they create it? Because you even consider it an investment, then why shouldn't they?
Bitcoin could be a lot more accepted and used by now. Why should a merchant agree to be paid in Bitcoin? He wants money, not a piece of your investment.

You're not even investing, you are just gambling with money.
Go to the altcoins board, you will surely find plenty of ICOs where you can say you invested in. I have something for you, ICOs used to raise money are no different than "Crowdfunding". If you want to invest then there are a lot of Crowdfunding websites where you can invest in real startups with fewer risks, (you won't find any project using photos from Pixabay...)

Why don't we see cryptographers anymore? Guess the reasons

I cannot deny the fact that Bitcoin has become an investment and this was created due to the people it hold because many seek profits and that is the main intention to join with the crypto world but If the world starts to use Bitcoin as a currency the advantages and benefit we can gain is immense because many industries need stable, reliable, secure and specially convenient method to do payment and transactions and that can easily accommodated by Bitcoin due to its well equipped feature and qualities

Loveydovey04

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Well, i personally dont call it an investment, much more in its current value, neither other ICO coins around. Base on their current status it only depends on every individual how they are going view their crypto holdings right now. They can call it a currency for those who can use it as common payment mean and for those whose believe it is a store of value can call it gold or diamond or whatever.

FilipZ

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IGT-crypto - lifetime income from working exchange

People nowadays are wrong when calling BTC an investment. BTC is a crypto currency just like other crypto's. People think that buying bitcoins is an investment because of the "hill" that the cost of the BTC made a few months ago. People think that while buying a BTC they invest into their carrier because at first, in every single company or project you first have to invest to get better and etc. but imagine that the BTC will never go up again and you will loose thousand of dollars. Thats why I think that buying BTCs isn't an investment because its just trying out your luck. Shocked

phairan

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Bitcoin can be considered an investment since you are using your funds for something that is developing. However, from another point of view, you are purchasing/buying coins and then selling them. I use to call Bitcoin an investment

kyle999

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There are so many fears of investment sites that should not supply this as a result of many scammers in our country. So it's good to be sure that calling bitcoin is an investment.

SIDDHI777

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Most in the crypto world and outside consider Bitcoin as an asset to invest and make profit but not more than that because the community that was created was only doing something that do with a normal investment asset and that was buying holding and selling so idea to use Bitcoin as a currency was forgotten until today some and few companies started to provide Bitcoin payment options to there customers and I hope this will continue

$$$sparkles$$$

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At its current status, I don't think we can. Yes the original concept of Bitcoin was and is still an alternative mode of payment. But because of the value it has gained trough the years, it has become a store of value wherein people saw the opportunity to earn via holding and trading. We cannot blame people to see BTC as an investment because whether we like it or not, BTC has also been tagged as such and many have earned from it.

Ajadey4

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Reading through it all, you sure do have a point.
Buying something and watching it grow in price for more profit shouldn't be termed gambling, if that is it, then, there are lots of legit businesses we can refer to as been a gambling coy. It is being smart on my part. You know when and where to invest, the amount to inject, and to cash out accordingly.

Marlo Stanfield

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Quote from: dgoswami12 on August 26, 2018, 03:19:36 PM

Quote from: LeGaulois on July 27, 2018, 06:47:26 AM

Can you stop calling Bitcoin an investment?

This damages the cryptocurrency. Bitcoin was not created to become an investment. Before Bitcoin, there were some digital currencies years back, the goal was always to be able to create a (digital) currency free from central banks and governments.
Cypherpunks and other anarcho-capitalists are at the origin of this idea, perhaps 20 or 30 years ago. None were intended to make an investment to be rich quickly.
You won't find in the white paper "investing" mentioned, you won't find any post from Satoshi mentioning it

Considering Bitcoin as an investment, this is the reason why we have more and more regulations, G20 summits and others craps, KYC, etc...
The word "Crypto-assets" didn't exist before, why did they create it? Because you even consider it an investment, then why shouldn't they?
Bitcoin could be a lot more accepted and used by now. Why should a merchant agree to be paid in Bitcoin? He wants money, not a piece of your investment.

You're not even investing, you are just gambling with money.
Go to the altcoins board, you will surely find plenty of ICOs where you can say you invested in. I have something for you, ICOs used to raise money are no different than "Crowdfunding". If you want to invest then there are a lot of Crowdfunding websites where you can invest in real startups with fewer risks, (you won't find any project using photos from Pixabay...)

Why don't we see cryptographers anymore? Guess the reasons

Yes this is true , not only btc but for any crypto you can not call it investment. I also noticed that many ico projects use the word 'Contributor' instead of 'Investor '.

Over time the SEC or other authorities are going to catch up with a lot of these hucksters I'm guessing. Clever wording is going to be pretty unlikely to save them.

dgoswami12

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Activity: 253

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Quote from: LeGaulois on July 27, 2018, 06:47:26 AM

Can you stop calling Bitcoin an investment?

This damages the cryptocurrency. Bitcoin was not created to become an investment. Before Bitcoin, there were some digital currencies years back, the goal was always to be able to create a (digital) currency free from central banks and governments.
Cypherpunks and other anarcho-capitalists are at the origin of this idea, perhaps 20 or 30 years ago. None were intended to make an investment to be rich quickly.
You won't find in the white paper "investing" mentioned, you won't find any post from Satoshi mentioning it

Considering Bitcoin as an investment, this is the reason why we have more and more regulations, G20 summits and others craps, KYC, etc...
The word "Crypto-assets" didn't exist before, why did they create it? Because you even consider it an investment, then why shouldn't they?
Bitcoin could be a lot more accepted and used by now. Why should a merchant agree to be paid in Bitcoin? He wants money, not a piece of your investment.

You're not even investing, you are just gambling with money.
Go to the altcoins board, you will surely find plenty of ICOs where you can say you invested in. I have something for you, ICOs used to raise money are no different than "Crowdfunding". If you want to invest then there are a lot of Crowdfunding websites where you can invest in real startups with fewer risks, (you won't find any project using photos from Pixabay...)

Why don't we see cryptographers anymore? Guess the reasons

Yes this is true , not only btc but for any crypto you can not call it investment. I also noticed that many ico projects use the word 'Contributor' instead of 'Investor '.

nagasaking

sr. member

Activity: 333

Merit: 250

it's still not clear to call it currency, investment or just computer software from a legal point of view. I agree that Satoshi has a vision to instill the habit of using Bitcoin as a payment system but because this gains monetary value over a period of time, a large user base sees it as an investment choice and there is absolutely nothing we can do about it.

boakyei

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Merit: 11

Why should Bitcoin not be called investment. I thought about this and compared bitcoin to facebook, twitter or google shares on the stock exchange, if they can be called financial assets, then why not bitcoins which also perform the same role by given returns while holding it.

vin22

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Activity: 574

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I cannot stop calling bitcoin an investment reason being that it posses all the features which what is know as investment do. Which is putting your funds on goods and services which are to be used in the feature. It is a means of saving money for feature use so it is an investment.

kemonojim

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Explosive popularity and growth in prices make bitcoin an attractive object for investment. But the risk is big.

Topic: Can you stop calling Bitcoin an investment? (Read 2622 times)