Topic: For me, Bitcoin is just a financial Game. - page 2. (Read 1179 times)

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.

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.

Bitcoin wouldn't be considered innovative if it were merely another form of money, given that the world already has an abundance of currencies. So Bitcoin's essence isn't just being money but how it introduce new way of creating, transferring, storing, and securing money.



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.

Why do I mention'money''?
Bitcoin represents a revolutionary shift in the way we think about and handle money. As a decentralized digital currency, it offers a secure, transparent alternative to traditional cash transactions. With its ability to facilitate cross-border payments quickly and with lower fees, Bitcoin has the potential to replace cash in many transactions, particularly in a globalized economy. Its influence extends beyond just payments; it’s reshaping financial habits by encouraging digital and borderless transactions. As more businesses and consumers adopt Bitcoin, it could redefine how we view and use money, making cash increasingly obsolete in favor of a global payment system.

Having to recognizing its distinctive qualities and still go to say it’s all just money in the end isn’t actually factual.
It’s like having to compare the analogue phones to what we’ve got now in Android and IOS. You would say it’s all communication in the end but, don’t forget you could send applications using mails with one and the other cannot. Like, there are levels to this.
Let’s not forget how Bitcoin can serve as an asset but the regular fiat currency cannot. That’s just one way to tell you it doesn’t serve as your everyday currency.

Financial game?
You might have a point but, I’ll hate to see it that way. Even then, I consider your advice of being in control of your affairs about your investment the only way you could hold up good.

Right, it means when you understand how investment really works then you will know how to play well, in the sense of knowing what to do and what to avoid, and all of this you will only know when you understand the opportunities and risks.

Basically understanding something you are doing is the main key to staying awake or avoiding unwanted possibilities, this is an investment where as you said that the market is always volatile which can make us lose money, but by having the right basic understanding then of course you will only take various actions in a measured way, in the sense of not exceeding your capabilities especially in terms of allocating money.

Try to only allocate an amount of money that will not be used for other needs in life, because the benefits of investment will be maximized when you have long-term planning, meaning you must have another amount that will be used as an emergency fund to overcome various possibilities that occur unexpectedly that require you to spend money to overcome the problem, and with the emergency fund that you have prepared, the bitcoin assets that you have maintained will not be disturbed, because I often see investors who eventually fail in the sense of cashing out all their investment assets to overcome the problem that occurred unexpectedly, which indirectly prevents you from getting greater potential profits.

Many people here think of Bitcoin in many ways, but I have accepted Bitcoin as an investment. Considering the price of any other product you will surely understand. The price of Bitcoin is highly volatile in an instant, and investors can make huge profits by trading in Bitcoin, so by any measure Bitcoin should be considered the best, but its long-term reliability in the market has created more confidence in the future.  Therefore, investing in this topic is very low risk at present, as the Bitcoin bull run will start shortly in the future.

Bitcoin isnt simply for profit. Its about change. Returning power to the people rather than the government and huge banks is the goal. They're afraid. They know the old methods and systems. Bitcoin is a significant shift, and they hate change. So thats why its crucial. Take charge of your finances. About freedom.

Freedom is lovely. What makes life worthwhile. Bitcoin is another stage. Nothing's perfect. But its a step toward a brighter future where everyone has a say and can achieve. Bitcoin may be dangerous. But what else is risky? Letting someone else control your money. Allowing someone else to control your money. Bitcoin is about taking responsibility for risk, being your own boss.

Apparently,I would accept that bitcoin is a game as it improves your financial literacy bit by bit.Similarly,it covers all range of financial learning and activities like saving,spending,income,debts,loans,investments,budgeting,debt management/money management and in the same vein trying to enhance personal financial skills and studies on how to become financially responsible.

You're therefore expected to apply and reinforce these concepts for financial well-being.Nevertheless,bitcoin enhances and secures financial your experience.

This is the human theory you have just spoken about here, But the initial plan of Bitcoin was to provide solutions to fight inflation, make easy payments, provide a secure and financial system that is not centralized. Yet, humans have turned it into something like chess. You snooze along the line you lose your investment. Rug pools and cyber criminals are everywhere to take every last bit of people's investment. Indeed if OP calls it a game he is right because that is what it has been for some years now. 

There is no specific rules and regulations to Bitcoin jsyk. Rules change at every season in the market. At every point in the market there might be a shift in actions that is needed if not we may end up losing our investment.

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.

There are always other points of view from the financial side of the game but not many people agree because everything comes down to one point, namely money, I don't deny it and in fact it is like that. But if it's just a financial game, why doesn't everyone in the world realize it or accept it easily? meaning there are things they don't like about Bitcoin, especially governments that don't like their citizens finding complete freedom in bitcoin. Once again, bitcoin is not just a financial game, but bitcoin has quite a deep meaning, making many people aware of how important freedom is, both in money and in life principles.

Bitcoin is above $66,500. Check the timestamp of this post. About 5 hours ago it was above 67,000. Btc is in a general upswing. But it is volatile enough that things can change on a moment's notice.

Financial games and gambling are two completely different fields, investing in stocks and real estate is also called financial games. If someone compares investing with gambling, it only proves they know nothing about investing and are only making comparisons based on their short-sighted thinking.



Not only bitcoin, in any financial game there will be winners and losers, and it will all depend on each person's ability. Bitcoin is a highly profitable investment but that doesn't mean anyone who invests in it will make a profit, financial markets don't work like that. If you want to sell at a high price and take a profit, you needs someone to buy bitcoin at a high price and they will most likely be the ones who lose money.

I completely agree with you.

I'm not really sure what you mean by rules, the market is open 24x7, and we have whales and average joes alike rubbing it's shoulders against each other although we all know that whales and institutions have deep pockets, but that is the only difference.

But in terms of making money, both of us could really make profits. It's just depend on how we approach it, we used a method called DCA and we just try to accumulate as much as we can, and then have that mental toughness and be as resilient as we can be. Just like in this bull market, we still have like a year to continue to save a lot of Bitcoin in our wallet and then time the market before we can sell, win-win to us.

Once you consider bitcoin as a pure investment and ignore its use cases, you also consider it a financial game where there will be wins or losses. Basically, the financial market is a game and bitcoin is also a financial market so investing in bitcoin is called a financial game, I see nothing wrong.
I also disagree with you saying that investing in bitcoin is risk-free, that is an exaggeration. Any investment that can yield a profit will have risks, including bitcoin.
If no one is willing to buy at a high price, if no one becomes liquidity for you, how can you make a profit? And that's the nature of finance, there are always winners and losers.

Bitcoin is a digital currency that offers financial freedom to investors. The value of Bitcoin is so attractive that it increases rapidly to the point where it makes people worth a lot. Most of the people invest in Bitcoin only for its financial benefits and transaction benefits and also if you hold it for a long time you will get huge profits here people come to invest. If it is purchased following the investment strategy then the loss is very less, but the investment must be made for a long period of time. But if Bitcoin was like a game then you would definitely lose money here because when you play games in different casinos you lose money many times. But Bitcoin will give you a financial advantage where you can invest risk-free and get a lot of value from it.

There are rules we need to follow as a bitcoin investor if we need to make money from  the crypto market.
There are so many people in the crypto market and it is makinthe market more competitive and the only way we can make money from the market is when we follow rules. The market is volatile which has been a way for traders to make money in the crypto.
The Crypto market has given us opportunity to make money for ourselves by investing or trading different coins that we intend to earn from.