Topic: Don't invest in bitcoin; invest in services! (Read 2557 times)

Sod that, Choo choo. To the moon! Wooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo!

What do you expect man, humans gonna be humans. That doesn't mean bitcoins dead or anything. Have some perspective and look at how far its come. Its only been around a few years! I've got a pet older than bitcoin.

Well, investing in BTC means that the investments are going to mining. I think that this is stupid, because BTC doesn't need a bigger mining network that it already has. The security benefits of the mining network don't outweight the disadvantages of resources wasted. If everyone would solo-mine, then maybe the security advantages would justify itself, but the mining is pooled together into certain points, so the amount of mining doesn't enhance the security much. So I think that the future is in Proof-of-Stake or something new that will surface. The current marathon for more hash rate is a fools game that will crash hard when people finally see it being as wasteful as it is.
It's a smart idea to invest in services rather then BTC itself, since most of crypto value is in payment opportunities. Also, if bitcoin fails in the future and another crypto will take over, then with running a service, it is easy to just switch crypto and keep on doing business as usual.
But you also have to have knowledge to start a working service company and you actually have to do real work. Most of the BTC community consists of people who just want to buy low and sell high, without actually knowing anything or actually doing anything that could be considered work. Buying some mining gear and letting it run for 24/7 is what most consider doing real work.
For the past weeks, I have began to believe that BTC will be doomed because of the immaturity of the community. Everywhere I look, I see "Choo Choo to the moon", and people will actually get very upset when I try to question the reality of their get-rich-quick visions. This has made me to believe that BTC is only the start of an idea, that will eventually be the evolutionary step in finance, and I think that it is unlikely that BTC actually has a future beyond a year or two. Progress is just too slow when everyone are fixated on making money the easiest way possible.

ohiofarmer thanks for sharing the significant news with us. Its glad to hear such news so keep on providing us the latest news on this forum and for sure we shall even share our knowledge with you on this forum so ultimately everyone shall be equipped with extensive knowledge. 

You could invest in WPCS - it's stock is up 75% since it acquired the BTX Trader platform. The software does look good!

Smart thing for LiKaShing to do is buy BTC first, and then make his announcement.  I wonder if that's what he did, and that's why we're not being hammered by the India/China FUD.

Yeah but where would one invest in such services and would it be safe (I mean from scammers).

It certainly seems to me the title is certainly the way to go.

Bitcoin is at its core a payment system that produces a currency. That system has a giant number of applications that can be adopted as and by services -- BitPay, Coinbase, Blockchain.info, exchanges, etc. All of these represent ways of abstracting away the technical nature of BTC payments and putting them closer to the ease of exchanging a piece of paper (or physical coin.)

Services that use and relate Bitcoin to natural financial industries are the key to increasing adoption and making BTC a popular medium of exchange.

Horizons Ventures, managed by Li Ka-shing, is also a stakeholder at SecondMarket. SecondMarket owns the Bitcoin Investment Trust, which safekeeps bitcoins of high net worth individuals. Maybe Li Ka-shing himself is one of them?

Well.... nothing is impossible. Long before Google, the Dell stock had a climb similar to that.

In 1990, the price was $0.10 per share. Went all the way up to $56.32 in 1999. That is a 560x rise in nine years.

Bitcoin has already achieved a 10,000x rise (2011-2013). So let's hope for the best!

Maybe $25M invested in Coinbase will turn to $25B stake before BTC rises from $730 to $730k, but I believe BTC will go from $730 to 7.3k before any other investment rises tenfold.


 

It's early days for BTC. Let's see how many merchants are accepting Bitcoin this time next year.

Lets try this.  Its not effective for a wide range of goods and services, yeah you can get a pizza, a pint and lots of ISP services, but generally its pretty limited range currently.  As a long term store of value it looks useful, however to settle an account?  Ask yourself, would you sign up to a contract to pay BTC100 in say 5 years time, not know what that value will be then? The future value is too unpredictable.  As a unit of account its as good as anything so don't see that one.

Hopefully there will be more opportunity for us to invest directly in company's via crypto too

http://www.prnewswire.com/news-releases/worlds-first-winery-for-sale-for-bitcoin-235396861.html

It's tough to invest in some of the services when several of them are shady and maybe won't be fully supported by the government.

Why does it not satisfy these requirements?

Why not invest in both? I'm sure he holds some Bitcoins as well.

Where would you invest in such companies?

I agree 100% that there is a ton of potential in investing in bitcoin related startups/services.  Of course I don't have millions of dollars to approach these companies and offer to invest in them like actual investors are able to do.  Maybe some day

They are all equally valuable. When you invest in the infrastructure you are investing in the future success of the concept which will lead to future profit and increasing the likelihood that Bitcoin will succeed.  When you buy Bitcoins to hold you are investing in the future price of Bitcoin which will lead to future profit and increase the likelihood that Bitcoin will succeed. When you transfer value with Bitcoins with a purchase or trade you are investing in independence and freedom from financial oppression. 

when you invest in a single company, you have all eggs in one basket. when you invest in bitcoin, you invest in all companys that do business in bitcoin - so the whole BTC system. make your choice.