Topic: For me, Bitcoin is just a financial Game. (Read 1233 times)
The money market is also another game, the stocks, the financial institutions and all other finance related activities and assets are also a game. We use that term as if it's actually a game and it's an informal way of describing these markets. While Bitcoin is just another financial game, this game is expanding to the extent that even the financial institutions have joined the game of their own accepting that they cannot go against with its own way of being an alternative to what we've used to have. As they say, it's also a gamble and it's not different from investing which involves risk management.
Totally agree with you. Bitcoin is definitely its own beast and can feel like a high-stakes game with all its volatility. Just remember, it’s crucial to do your homework before diving in, know the risks, the strategies, and who’s influencing the market.
Bitcoin is not that hard that you think about it because bitcoin is never meant to cheat or scam anyone. All you need to have in bitcoin is the background knowledge, and it is very easy to learn if you are ready to learn because mostly atimes newbies in bitcoin teams focus on bitcoin trading instead of focussing on bitcoin investment. because in bitcoin where you can get a higher chance of risk is bitcoin trading, but as a newbie everyone will recommend bitcoin investment for you in the sense that you only need to invest the money you can afford to lose for some certain time like 4-10 years so that you can get your cool profit. But when you think that bitcoin is a get-rich-quick thing, you are ready to lose all your money because trading is not for beginners that have little or no knowledge about bitcoin.
Totally agree with you. Bitcoin is definitely its own beast and can feel like a high-stakes game with all its volatility. Just remember, it’s crucial to do your homework before diving in, know the risks, the strategies, and who’s influencing the market.
Hmm sounds great but you need to know as much the Bitcoin market is expanding and getting more saturated the volatility factor of Bitcoin is getting weaker, I know many times it shakes the entire crypto market and faced a drop like 10% as recently and even more but still such events are now rare once or twice in the entire cycle and even that drop requires the huge influence of the regulatory developments.
Furthermore keep in mind that investment is more than just a quick profit-making tool. Its about laying a future for the whole darn nation as well as for yourself. Its about choosing wisely now to pay off later. Thats the kind of thinking that wins, not just today, but for years to come.
I will only focus on what I am doing for myself and my family will not look at anything else and I believe the decision I am making right now is still right (for myself) so I will not care too much about what other people say or trying to build an entire nation like you said because after all my capacity right now is to make me happy and ensure the survival of me and my little family in the future and one of the efforts I am making is by long-term investment in bitcoin.
Firstly, despite Bitcoin's distinctiveness and its own complexity compared to other financial forms like fiat currency, gold, etc., its essence remains "money."
Secondly, the price volatility of Bitcoin is highly enticing; it constantly alters our psychology, which is why I refer to Bitcoin as a financial game.
Be mindful: if it's a game, there are rules to follow, risks involved, and winners and losers. Before you engage, research investment strategies, media influence, key influencers, benefits, risks, etc. Take charge of the game; don't let it control you.
You are right, bitcoin could be seen or taken as a financial game, or even gambling, because no one no the direction the bitcoin market will go, because at some point, it is highly recommended to always play along with the formula in other to take advantage of when the game present you with some profits, and also be ready to take advantage of buying at discounted prices each time the opportunity presents itself, so it a two way game for those that understands the mathematics souraunding bitcoin, much more also there is a need to support yourself with every necessary tools, to be positioned in a way that fear that could push loses are avoided. Secondly, the price volatility of Bitcoin is highly enticing; it constantly alters our psychology, which is why I refer to Bitcoin as a financial game.
Be mindful: if it's a game, there are rules to follow, risks involved, and winners and losers. Before you engage, research investment strategies, media influence, key influencers, benefits, risks, etc. Take charge of the game; don't let it control you.
Firstly, despite Bitcoin's distinctiveness and its own complexity compared to other financial forms like fiat currency, gold, etc., its essence remains "money."
Secondly, the price volatility of Bitcoin is highly enticing; it constantly alters our psychology, which is why I refer to Bitcoin as a financial game.
Be mindful: if it's a game, there are rules to follow, risks involved, and winners and losers. Before you engage, research investment strategies, media influence, key influencers, benefits, risks, etc. Take charge of the game; don't let it control you.
We can consider Bitcoin as a financial game. Its volatility can benefit one as well as harm. An investor must know before investing how to manage this game will create the possibility of profit. The game will be conducted depending on both risk and profit potential. Starting the game without knowing about the proper instruction is sure to fail. Bitcoin is an investment platform where the emotions of the investor will be affected in many ways. By controlling it, those who can engage in the pursuit of the goal can succeed in the game. Who dream of holding Bitcoin for the long term will surely succeed in this financial game. Secondly, the price volatility of Bitcoin is highly enticing; it constantly alters our psychology, which is why I refer to Bitcoin as a financial game.
Be mindful: if it's a game, there are rules to follow, risks involved, and winners and losers. Before you engage, research investment strategies, media influence, key influencers, benefits, risks, etc. Take charge of the game; don't let it control you.
Firstly, despite Bitcoin's distinctiveness and its own complexity compared to other financial forms like fiat currency, gold, etc., its essence remains "money."
Secondly, the price volatility of Bitcoin is highly enticing; it constantly alters our psychology, which is why I refer to Bitcoin as a financial game.
Be mindful: if it's a game, there are rules to follow, risks involved, and winners and losers. Before you engage, research investment strategies, media influence, key influencers, benefits, risks, etc. Take charge of the game; don't let it control you.
Bitcoin can be whatever the holder intends it in their mind to be afterall it's their own money, whether it's a digital cash for transactions or an asset for long term investment. But the fact that we can not deny is that it has proven itself in the crypto market and the global financial sectors as a valuable asset to hold. So if Bitcoin is a financial game to you I don't have any reason to argue your stance on it. It is a volatile asset and that means that it has risks so to be on the safe side of the game, hodlers needs to understand how it works. Secondly, the price volatility of Bitcoin is highly enticing; it constantly alters our psychology, which is why I refer to Bitcoin as a financial game.
Be mindful: if it's a game, there are rules to follow, risks involved, and winners and losers. Before you engage, research investment strategies, media influence, key influencers, benefits, risks, etc. Take charge of the game; don't let it control you.
When someone doesn't have a plan before running an investment, it will be very difficult for them to survive the investment they are running, of course they must first make a good plan such as preparing funds for their emergency needs so that when they need the funds they don't have to sell the assets they have invested because if they don't leave emergency funds for their needs, it will be very difficult to achieve the investment targets that we run properly and it is very important for everyone who wants to achieve the investment targets that are run to make investment plans and also have funds that they can indeed maintain to achieve the investment targets that are run, because without making good plans, what we invest is in vain.
Because we have to start with good financial management, do planning, determine what we want to invest and do learning as a basic that we must have and of course look for a suitable approach to investing so that in the end this must remain so that the investment we do runs smoothly.
This clearly must be understood from the beginning because talking about investment, this is not just about saving our money for the future but in the end we also have to make efforts to make some breakthroughs so that what we do runs according to the plan so that we don't let what we are doing now actually hamper our lives because of the lack of good financial management so that we cannot stabilize the needs that we have to fulfill now with the process for the future to be even better.
You then must have a strategy. A real strategy. Not just aim darts at a board and wish for the best. You keep informed and decide what you choose to invest in. The financial landscape changes quickly and you have to keep up. Look at Bitcoin and at blockchain. Those represent completely fresh perspectives on money, not only investments. You really have to study that stuff; else, you will lag behind.
Furthermore keep in mind that investment is more than just a quick profit-making tool. Its about laying a future for the whole darn nation as well as for yourself. Its about choosing wisely now to pay off later. Thats the kind of thinking that wins, not just today, but for years to come.
As for a "financial
it is of course financial based.
Quote
Bitcoin: A Peer-to-Peer Electronic Cash System
We should be realistic about what happened and what is happening. I want to ask you, from the time you knew about bitcoin until now, what have you used it for and in what use cases? Do you use bitcoin as a peer-to-peer currency as it was originally intended, or are you also considering it an investment like many others?
I see people often say that bitcoin was created to be a currency, but do any of us use it as a decentralized currency? Everyone knows what bitcoin was created for, but we also need to accept the fact that we are turning it into an investment and not a currency.
I don't see anything wrong or bad in considering bitcoin as a decentralized asset, people can take advantage of it to make profit. I don't care much about the purpose of creating it, what I care about is what it will become and whether it will benefit people. Bitcoin is an investment, a highly volatile asset and it has done a lot of good for a lot of people, and for me, that's a huge success for bitcoin.
Due to Bitcoin's high volatility and risk, it may seem like a financial game to many. But it cannot be considered as just a game. It is built on blockchain technology and is a specialized medium for secure transactions. There are many who refer to Bitcoin as digital gold that can protect against inflation. Bitcoin at that time was not only a game but also a safe medium of investment. So we would be wrong to consider Bitcoin as a financial game. It looks like a game but has many implications. Those who directly engage with it will be able to understand its benefits.
OP or anyone else is not wrong in considering bitcoin is a financial game. He is taking advantage of its volatility to speculate and has no intention of using bitcoin for any other purpose. In this case, it is clear that bitcoin only serves as a financial game.
Bitcoin is an asset with many utilities and use cases, and each person will use it for their own purposes, speculation is also one of them. But it would be a waste if we only took advantage of it to make profit and ignored the other benefits it brings. We should make the most of what it gives us. Besides using it to make profit, I like to use it as my own bank because I don't fully trust all my assets to any 3rd party.
Bitcoin can be seen as a Game by some people but for many of us its a very
serious project.
As for a "financial
it is of course financial based.
Quote
Bitcoin: A Peer-to-Peer Electronic Cash System
And this is the magic behind bitcoin, you can see it as a financial tools or as a payments engine, all this dependa how deep you want to get in the developing side of the proyect. I like to see it more as a tools thab as an object, but that dependa on each user, i'm a developer and that's why I see it that way.
In the end both angles are correct, users don't need to understand the technical side to use it as a financial tool.
In the end both angles are correct, users don't need to understand the technical side to use it as a financial tool.
There's always going to be different perspectives. As a developer, you're obviously fascinated and interested in the technology while an investor/trader will obviously be more interested in the price side of things. Not everyone is going to look at Bitcoin the same way. Most people had it all wrong years ago when they came up with phrase "I'm here for the tech" when they obviously cared more about the price going up than the technology being shitty.
Majority of newly onboarded Bitcoiners are here because of the price and less about it being a globally distrubuted ledger.
When someone doesn't have a plan before running an investment, it will be very difficult for them to survive the investment they are running, of course they must first make a good plan such as preparing funds for their emergency needs so that when they need the funds they don't have to sell the assets they have invested because if they don't leave emergency funds for their needs, it will be very difficult to achieve the investment targets that we run properly and it is very important for everyone who wants to achieve the investment targets that are run to make investment plans and also have funds that they can indeed maintain to achieve the investment targets that are run, because without making good plans, what we invest is in vain.
Because we have to start with good financial management, do planning, determine what we want to invest and do learning as a basic that we must have and of course look for a suitable approach to investing so that in the end this must remain so that the investment we do runs smoothly.
This clearly must be understood from the beginning because talking about investment, this is not just about saving our money for the future but in the end we also have to make efforts to make some breakthroughs so that what we do runs according to the plan so that we don't let what we are doing now actually hamper our lives because of the lack of good financial management so that we cannot stabilize the needs that we have to fulfill now with the process for the future to be even better.
Everything in the world is a game, I would say. We need to maintain balance while we play. Once we know how the game works, we use it in our day-to-day lives. Similarly, Bitcoins are a financial game. Unlike any other investment, we can do Bitcoins in order to make some extra bucks. But yes, we need to understand the risk involved in it and invest in our capabilities. The market is always volatile; hence, we should invest only that amount in Bitcoins that we can afford to lose.
In any game of life we find ourselves today, what's very important and necessary is for us to gain more knowledge and understanding of the processes it take. It's not easy to learn the intricacies of games and be a master of it, especially financial games like Bitcoin which is dynamic and volatile in nature. To be able to earn and gain benefits from bitcoin, you will need to apply your knowledge on the game.
I love the way Bitcoin is revolutionalizing, from being just a decentralized digital currency which was curated by Satoshi Nakomoto to becoming a digital asset that has emerged to challenge and improve on the lapses in the traditional finance by offering alternatives which are resistance of the global inflation, censorship, security and borderless transactions. Bitcoin have also open a rare opportunity to individuals who wish to transact their digital assets directly without intermediaries like banks which often incur service and transactional costs and delays. This process is popularly known as Peer-to-peer transactions. All thanks to the bitcoin game and those who understood it much earlier, embraced it and spread the word to others until it got to us too.
And this is the magic behind bitcoin, you can see it as a financial tools or as a payments engine, all this dependa how deep you want to get in the developing side of the proyect. I like to see it more as a tools thab as an object, but that dependa on each user, i'm a developer and that's why I see it that way.
In the end both angles are correct, users don't need to understand the technical side to use it as a financial tool.
In the end both angles are correct, users don't need to understand the technical side to use it as a financial tool.
When someone doesn't have a plan before running an investment, it will be very difficult for them to survive the investment they are running, of course they must first make a good plan such as preparing funds for their emergency needs so that when they need the funds they don't have to sell the assets they have invested because if they don't leave emergency funds for their needs, it will be very difficult to achieve the investment targets that we run properly and it is very important for everyone who wants to achieve the investment targets that are run to make investment plans and also have funds that they can indeed maintain to achieve the investment targets that are run, because without making good plans, what we invest is in vain.
When someone doesn't have a plan before running an investment, it will be very difficult for them to survive the investment they are running, of course they must first make a good plan such as preparing funds for their emergency needs so that when they need the funds they don't have to sell the assets they have invested because if they don't leave emergency funds for their needs, it will be very difficult to achieve the investment targets that we run properly and it is very important for everyone who wants to achieve the investment targets that are run to make investment plans and also have funds that they can indeed maintain to achieve the investment targets that are run, because without making good plans, what we invest is in vain.
That is definitely correct, if you do not have a proper plan then you are going to end up not knowing what to do. Too many people do not have a plan and just get influenced by others online and end up making mistakes, we should try to avoid that as much as we can and try to do better job at it. If you keep on making this kind of mistake by not planning anything then you will not get a good result and you will end up with a sad result in the end. People should remember that it is going to take a while before anyone can make a bigger impact on their own trading compared to others can.If you keep on focusing on others, or if you just wildly invest without a plan or direction then the result will eventually be a loss. If you want to make money, just learn how to trade and study that, including technical analysis and so forth, then start trading with a plan in your mind and no matter what happens stick with that plan and make a profit that way.
those who have the resources to hold long enough are surely the winner of this game.
And that is why the risk is for those who does not have enough money to invest but those who have enough funds to invest in it have the less risk because they can keep their coins for a long time. But for those who don't have enough funds, can't keep it for a very long time and the can use it to solve emergency at anytime.Due to Bitcoin's high volatility and risk, it may seem like a financial game to many. But it cannot be considered as just a game. It is built on blockchain technology and is a specialized medium for secure transactions. There are many who refer to Bitcoin as digital gold that can protect against inflation. Bitcoin at that time was not only a game but also a safe medium of investment. So we would be wrong to consider Bitcoin as a financial game. It looks like a game but has many implications. Those who directly engage with it will be able to understand its benefits.
OP or anyone else is not wrong in considering bitcoin is a financial game. He is taking advantage of its volatility to speculate and has no intention of using bitcoin for any other purpose. In this case, it is clear that bitcoin only serves as a financial game.
Bitcoin is an asset with many utilities and use cases, and each person will use it for their own purposes, speculation is also one of them. But it would be a waste if we only took advantage of it to make profit and ignored the other benefits it brings. We should make the most of what it gives us. Besides using it to make profit, I like to use it as my own bank because I don't fully trust all my assets to any 3rd party.
Due to Bitcoin's high volatility and risk, it may seem like a financial game to many. But it cannot be considered as just a game. It is built on blockchain technology and is a specialized medium for secure transactions. There are many who refer to Bitcoin as digital gold that can protect against inflation. Bitcoin at that time was not only a game but also a safe medium of investment. So we would be wrong to consider Bitcoin as a financial game. It looks like a game but has many implications. Those who directly engage with it will be able to understand its benefits.
Are you refuting the one you post on the opening page? You are talking about the features of the Bitcoin technology here, while it tackles financial transactions, the features and the system Bitcoin Technology gives is more than money and rather the system of transfer, storage, creation and its security. Decentralization, immutability, transparency, trust, immutability and censorship resistance are all in the feature of Bitcoin technology and for me, it is the real essence of Bitcoin ... the technology.
I'm not refuting the initial viewpoint. In fact, the topic I introduced, though brief, is actually quite broad, encompassing finance and money. Every day, each of us works hard to earn an income, to have money for expenses and paying bills, right? That's why I just want to add more dimensions to better clarify the topic I presented.
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