Topic: Do you think bitcoin ever be safe for any investment ? - page 21. (Read 4783 times)

What you have highlight is the ideal thing that should happen for government to protect the citizens investment irrespective of where they choose to keep their money either in fiat by ensuring that there is security of life and property, in the bank by ensuring that banks don't fail and people lose their money and even in digital currency to ensure that the investment is safe.

However, the other two options were made possible because government can regulate the way its being done and even the statistics of how its being printed and distributed. But for the latter, it can only be possible if government can regulate bitcoin and that also comes with its own cost which might be something that does not augur well with major participants or even difficult to do because of the decentralized nature of bitcoin.

Bitcoin being decentralized and transactions irreversible, it's quite difficult to put Bitcoin under existing consumer protection policies.

In 2015, New York State Department of Financial Services (NYSDFS) introduced BitLicense, a stringent regulatory framework for digital currency businesses operating in New York. It was aimed at providing consumer protection, but still it wasn't taken well by the Bitcoin community.

We might be seeing countries coming up with their own licenses for Bitcoin businesses. As far as they offer consumer protection and doesn't lead to too much centralization or stifle innovation by barring new entrants, it is good.

How will the use case of Bitcoin influence the security of the investment? If you use Bitcoin more as a currency, it will actually be exposed a lot more to hackers and scammers. People who use Bitcoin as a commodity tend to hoard their coins in cold storage, so in theory these investments will be more secure/safe. 

Not everyone using Bitcoin at the moment are interested in making money. Some people just want to protect their wealth from greedy Bankers and Remittance services and even some corrupt governments and failed politics. ^hmmmmm^

The only time Bitcoin is going to be a safe investment, is when people don't regard it as an 'investment' or 'trading coin' and when it's MAJORITY used as a currency and not as it is now which it is a coin that is mostly traded on exchange for massive amounts of profits.

Plus, the people that are 'invested' in Bitcoin right now are the people that are trying to make QUICK money out of Bitcoin as they think it's their way to getting rich, they will quickly find out it's not but they're the people that are ruining it for the rest of us.

So yes, but it will take some time.

yes off course bitcoin is forever the safe and easiest place of investment because there is no scene still come about investing in bitcoin which proof that bitcoin is the safest place for investment and i also suggest you that if you can invest in bitcoin now then you can earn more and more profit in future because the rate is still low and it will increase with time as the users of bitcoin is increased.

I'm assuming you both are from locations where banks and money transfers are relatively easy with the systems that have been in place for decades.  If you're in the US, you have many options.  Banks that are trustworthy for the most part.  You have FDIC assurance.  The US dollar is a relatively stable currency.  ACH transfers, while they take a few days, work great.  Bitcoin is not meant for us.

Go to places with capital controls like China.  Go to places with currency instability like Venezuela or Argentina, where the native government issued currencies are not as easily usable. 

There bitcoin is actually welcomed with open arms.  I bet more people in Venezuela use bitcoin on a daily basis just to survive and buy every day things than people who know what bitcoin is in the US.

The US and a few other countries that have stable currencies are the exception, not the rule.  Bitcoin is meant for the rest of the world to facilitate easier transfer of money, to hold on to value what people currently have, and to easily use the currency for transactions.

Now a lot of people still don't have bitcoin, even those for whom the currency is really meant for.  There's a finite supply.  In a few years a majority of the world, say at least 4 billion worth will be trying to get their hands on just 21 million bitcoin. 

I think the value will be there as an investment.

Every person uses bitcoin for different purposes, i use it to try to increase my capital, and this is the main reason of why i have been buying bitcoins for more than years, it is simple as that.
I think that we all are in here for the same, but some of us use bitcoins for other kind of purposes.
But bitcoin is safe if you know how to take care of yours, if you use a bad wallet you are probably going to be hacked, it is upto you.
and bitcoin is much more safer than other investments, it depends on how are you looking at it.

At present situation government actually not so much concern about such kind of currency for that  reason people are not so much interested for using this currency. it is now use as a electronic currency though computerized system.
in terms of purchase and sales bit coin holder's are safe but the  lack of proper monitoring system by implementing different protocols client are demotivated for using this currency on investment projects.Every country's government should established a policy for securing those client who are holder of bitcoin like an cash or deposit account holders and this types of policy help to motivated bitcoin holders for investing different sector for establishing new entrepreneur in order to development of economical condition.