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Topic: Cashing out could destroy crypto? - page 3. (Read 1381 times)

sr. member
Activity: 475
Merit: 500
August 25, 2017, 10:24:56 PM
#3
Just wondering, Bitcoin started as a project to offer people freedom from bankster/government fiat and the banking system. Yet almost every single person involved in Bitcoin is using it to try to get more of that very thing Bitcoin was designed to 'get rid of'.

I never cared for Bitcoin as an investment vehicle, it's a tool that offers people financial freedom and independance.
Yes tell me again how stupid i was selling cheap and how bad i should feel, notice how i don't care.
Because for me Bitcoin was never about making more Dollars.

If none of the horrible things that are waiting for us in the future will ruin bitcoin, maybe the mindset of people just wanting Bitcoin to gain more fiat will be even more devastating.

This mindset seems to have been increasing for years now...
People don't even ask me anymore how it works or why it was invented, all they care about is how to make fiat with it. My answer is always the same... "Bitcoin is not a good investment for you, only invest in things you understand and believe in."
Bitcoin is not yet completely ordinary people know the details but for now considering that the Bitcoin price is always up, it is appropriate to be invested regardless of the problem earlier.
hero member
Activity: 672
Merit: 526
August 25, 2017, 05:13:43 PM
#2
Could destroy Bitcoin. But another cryptocoin could emerge and the easiest way to get this new coin would still be by using Bitcoin.
legendary
Activity: 1937
Merit: 1001
August 25, 2017, 04:29:31 PM
#1
Just wondering, Bitcoin started as a project to offer people freedom from bankster/government fiat and the banking system. Yet almost every single person involved in Bitcoin is using it to try to get more of that very thing Bitcoin was designed to 'get rid of'.

I never cared for Bitcoin as an investment vehicle, it's a tool that offers people financial freedom and independance.
Yes tell me again how stupid i was selling cheap and how bad i should feel, notice how i don't care.
Because for me Bitcoin was never about making more Dollars.

If none of the horrible things that are waiting for us in the future will ruin bitcoin, maybe the mindset of people just wanting Bitcoin to gain more fiat will be even more devastating.

This mindset seems to have been increasing for years now...
People don't even ask me anymore how it works or why it was invented, all they care about is how to make fiat with it. My answer is always the same... "Bitcoin is not a good investment for you, only invest in things you understand and believe in."
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