Topic: Can you stop calling Bitcoin an investment? - page 23. (Read 2652 times)

The limited supply and the distribution process leads to the analogy of gold. It's not hard to also see the similarity of something that was once a universally used as currency also being considered an asset and therefore an investment. While I don't disagree with what you say I think it is inevitable and unavoidable that many people will view Bitcoin as digital gold and an investment.

If you should consider Bitcoin as an investment it's one about Bitcoin to be used as a form to protest against the current banking system and politic. I see humans will never be able to reach a consensus for the sake of the humanity. The ideology behind Bitcoin is just an utopia and will never get mass adopted so...

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 think everyone here is for profit. how else can this be called except as an investment

People who have got into it now talk more about blockchain than bitcoin, because they’re just looking for an alternative model to make money and they don’t care about — they’re agnostic to the initial philosophical framework that drove people to adopt bitcoin to begin with and kept it alive from 2009 through 2013 or ’14, when all of a sudden, adoption started to grow. There was a small universe of people that actively worked to keep it alive by continuing to mine and continuing to buy and they were doing it because of the concept that they believed in, and that it’s a people’s money.

Since bitcoin has been created in 2009, it’s outperformed every currency, even with governments hostile to it, and a regulatory regime that’s an uncertain regime and the governments have been designing, have been managing it in a way so people cannot know what to expect. So it’s amazing the valuation it has today given the fact that it only faces, it only faces headwinds, no tailwinds. Every government throughout the world is trying to figure out how to stop and kill bitcoin.

I think over five years, you’re going to accumulate a lot more wealth than you would in any other alternative investment, but again, you don’t want to buy more than you can afford to lose, because I could be wrong, and you’d be making a statement to the government that says, “What you’re doing is completely unacceptable.” Because if you think about how the financial system works, the financial system punishes the saver and benefits the borrower, but only benefits a small classification of borrowers.

Important to understand;

If Bitcoin was ever used as money on a large scale, governments would have done everything to ban the crap out of it years ago already.

The only reason we don't see governments try to stop it (discarding the few that do) is because people see it as an investment, store of value, digital Gold, etc. It means that governments don't see it as a threat to their fiat currencies, and I think we should keep it like that, at least for now. In other words, be thankful that people don't use it as often as money as you would have liked it to be used. It allows Bitcoin to keep growing and I prefer it to be like this.

Fiat only has value because we use it every day. If we ignore fiat, it's pretty much worthless and in the same way the government basically is nearly as worthless.

Anything you put your money into with a profitable return is called an investment. There is no changing that fact. And due to the bitcoin's nature today it seems to be like that.