Topic: For me, Bitcoin is just a financial Game. - page 4. (Read 1232 times)

For me I think bitcoin is far to be considered to be a game. Having a better understanding about a game is not a guarantee that one must win a game but having a good understanding about bitcoin it is possible for one to gain a good profit in hodling this is why I think bitcoin is far beyond a game like the way you think. In bitcoin we loss or make profit by the decision we make and the lack of understanding that is why I don't think bitcoin is a game. Those that win to make profit in bitcoin are not just lucky but we're able to achieve success because the steps and the right decisions are being made .

For me I think it is those who think they can make money so quick by investing all their money in Bitcoin that will think bitcoin is a game, because they feel they can be lucky to make good profit from Bitcoin.

What's with the link? You better remove it before you get reported to moderators for trying to scam people by using a phishing site. 

Coming back to the topic. Did you say diversification in troubled times? I don't know what you are trying to say with that, all I know is that diversification needs to be done at the time when a person starts making investments. You don't buy Bitcoin first, and then when the market goes down, you sell it to diversify your portfolio, which will make you lose money.

Some people usually misunderstand the diversification thing and they over-diversify their portfolios by adding a bunch of unknown altcoins in it which they aren't even sure about whether they have any potential or not. That isn't the right way to do it. Add only a few cryptocurrencies that you know have a lot of potential and keep holding them until you start getting your desired profits from each one.

If you are more comfortable seeing the market as a game, you can continue like this. There may be a lot of negative news in the market, and this news may stress the investor and cause him to turn his investment into cash. Things that will prevent you from being affected by such news will be useful to you.

There is always risk, and risk takers, especially Bitcoin holders, have always made profits if they waited long enough. It is up to you whether you see this as a game or not, but it is necessary to act without forgetting the risk factor in investment.

Yes, bitcoin does have its own uniqueness because its price fluctuates, of course this can make someone profit if they can take advantage of bitcoin price fluctuations. But yes, in this case, the most important thing is that before investing in Bitcoin, of course we have to know the risks of buying Bitcoin. because of course those who lack knowledge may experience losses due to panic and selling at falling prices.

Yes, it is like a game because the one who wins is the one who gets the profit, but what is certain is that those who lack knowledge will potentially experience losses, but what is clear is that in this case we must be able to make the best use of Bitcoin. but of course decentralized bitcoin will definitely have good potential for the future because no one controls bitcoin holders, which is certainly different from others.

Yes, we have to be careful when investing in BTC because no matter what, there is always a risk and what you say is true, of course we have to be winners, not losers.

If you invest here you can definitely invest in Bitcoin, because Bitcoin is a coil that creates an alluring psyche.  A holder holds as many bitcoins as he can and will try hard enough to hold more. Because with Bitcoin when you start seeing profits from your holdings it will only work for you to invest in it.

You have spoken well and if we are to listen to you we would not find ourselves in problems that happened to us because we did not consider investing in Bitcoin as a game. Investing in anything is a game and only those that play the game well wins. There are whales buying and selling Bitcoin just to make profits and they can manipulate the market anyhow they like without considering others in the market. When investing we just have to know we are playing a game and learn the rules of investing which is not to lose, if we can not lose then we are always going to win. Do not sell your Bitcoin to the whales when they manipulate the market to make it look like the market is crashing meanwhile it is the whales trying to steal your Bitcoin from you. Keep hodling and when the market starts recovering, you will be glad you did not sell when everybody was afraid and selling.

makes really sense, I think to diversify is the best solution, especially in those trouble times.

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if you think that bitcoin is a financial game, let it be, because each of us has a different view of what bitcoin is and how it works. but i personally think that bitcoin is more than that, it is a decentralized system that bridges how people transact with security and privacy. and also at the same time it is the best long-term investment for people who want to grow their money.

so bitcoin is really something more than a 'game' as you said. even though what you said is nothing more than your own personal assumption, it seems that you need to broaden your knowledge of bitcoin.

You are entitled to your own opinion, OP. I don’t think it is that simple TBH. A lot of factors are being considered whether you are an individual or an institution. If you have more money, it would be easier to “play” " and if not, it’s going to be A different thing because you would be deciding on how you are going to approach it with a different perspective with risk tolerance.

No problem if you called Bitcoin as a financial game because every people will have their own meaning for Bitcoin. The price volatility of Bitcoin will always happens and that makes the investors must have a strong hands if they wants to hold Bitcoin for a long time. But they can takes their profit when the price increase so they can sell it at that price. Bitcoin have its risks so people must understand how to prevents the risks becomes bigger.

Research the investment is a must thing that people must do before they decide to invest in Bitcoin. They must face the price volatility of Bitcoin price so they can adapt with the current situation.

The main purpose of bitcoin, according to the creator was for it to be a currency, and that's what it is today. Bitcoin is just money. It just so happens that it's a currency that's better that every other currency in the history of mankind so far. Of course, like every other currency, it has it's flaws, but overall, it's so superior than any other currency.
It's a currency that's a perfect store of value, and also an asset, but it's still a currency and whatever affect the owners od a currency, affects the currency, that's why bitcoin is not immune to the factirs that affects the economy because it's players are in that particular economy.

Well, despite the uncertainty surrounding bitcoin I still don’t see it as a game. Game is anything that involves amusement and fun. A critical observation will make it look like a financial game in the sense that you have no idea about the outcome and how it affects our psychological health with constant thoughts. However, there’s a tin line which to me distinguish these dou despite their similarities. The purpose of each entirely differs as game is purely for entertainment. I would have agreed that it’s a financial game but what of gambling?  Perhaps, bitcoin trading will fall into that category.

Bitcoin is still money or rather let's just call it an improved version of the fiat. It has its distinct quality, advantages and disadvantages just like the fiat but it advantages outweighs most of its obvious limitations. Volatility isn't a bad nature of Bitcoin but is more of an added quality that makes Bitcoin to be unique. If you're looking at holding Bitcoin as an asset that you're investing into, then volatility is at the core of it's worth but when you're looking at Bitcoin as a core store of value that could make international transaction easier and less stressful, the effect of volatility doesn't become a serious consideration at all.


I doubt its as complex as you're portraying it here. Except you're considering trading Bitcoin or you're mixing Bitcoin and altcoin to having same risk, sticking to owning only Bitcoin alone isn't all too complex and you might not necessarily the effect of media influence, and key influencers while holding on to your asset. Even though the big whales and key influencers makes decisions that will affect its price, it's not possible that all of then will suddenly make those kind of decisions and even when some decides to sell off thier holding and leave the scene, other big influence will still join the Bitcoin system.

if Bitcoin is a game so many people will lose towards it and before thinking of investing with Bitcoin, you'll have to learn all the strategies before deciding whether you'll invest. Sometimes will all know that some people do lose and sometimes people do enjoy more towards it, so for me as well I also see Bitcoin as a financial game because it has helped a a lot of people who has played it and some people consider Bitcoin. As a reliable platform of which they can invest and relax because they know Bitcoin it's something that goes up and down, the difference between seeing Bitcoin as a financial game and seeing Bitcoin as a reliable platform. Is like buying a physical product without Bitcoin and selling it without when Bitcoin was higher at price, but after you bought it the price went down but the difference between seeing it reliable is when buying the physical product and selling it in Bitcoin and also selling it when Bitcoin was higher in price. With this is when you'll know that Bitcoin it's reliable and it's not just financial game but virtual currency.

You are considering Bitcoin as a game whereas many big investors are investing in Bitcoin and they consider Bitcoin as a reliable investment platform. You discussed the volatility of the Bitcoin market here. Only if you invest in the Bitcoin market, the price of Bitcoin will rise, but if you invest your money in any other business, the market will go up and down. Like if you bought a physical product without buying bitcoin and you thought you would sell it at a higher price but after you bought it the price of that product went down, but the thing is like the price of bitcoin goes up. The difference between a physical product and Bitcoin is that Bitcoin is only a virtual currency, it has no physical form. But Bitcoin has gained enough reliability in the market and we have enough confidence in this coin that we can consider Bitcoin as a reliable investment platform like any other investment platform.

Yes, it is a game because Bitcoin price volatility is very interesting to follow. I really enjoy the game and continue to be addicted to wanting to always be involved in it because I think this game can provide benefits for me. Bitcoin is like a zero-sum game, there are always challenges in it, but I always believe in the potential generated by Bitcoin so I will continue to allocate a budget to enjoy this very interesting game. The wider growth of Bitcoin can open up opportunities for anyone to achieve victory, the Bitcoin price which continues to soar will make it easier for anyone who saves Bitcoin to achieve very beautiful final results. Take advantage of this opportunity by enjoying the game to achieve victory and financial freedom in the future.

You are right. Bitcoin or any other cryptocurrency in the market can be considered financial games by people who are regular traders which means that they buy and sell these assets daily to get some profit. Such people need to be very careful with each of their steps just like how we have to make sure we are doing everything perfectly when we are playing a video game so that we can win or clear the levels or rounds without dying or having the game over.

When you make a mistake, maybe when buying or selling or when you are holding, if you get late, make a mistake when placing a trade, or anything in general, all these things can cost you money and time, and just like a game, you will have to play that round and the rounds you have lost once again because you failed to clear it and there is no autosave in this game.

You are right in a way but this can't be entirely right because Bitcoin can do what fiat currencies can do, so if everything surrounding Bitcoin is a financial game, then everything about fiat currencies is as well. But this is not true in reality, it is only some certain aspect they are using them for that can attest to that. Take the buying and selling of your Bitcoin and the use of it to pay and receive money as an example, these are not jokes, no games here.

Personally, they've helped me better in overcoming the cheating and the barrier in cross-border payment. But still, when it comes to staking, trading, investment etc, yes, one may say they are financial games. Coincidentally, I thought of this a few minutes ago before I read your thread that trading is a financial game and the good player earns so much through it. Not knowing that I would still come across something like that today.

Conclusively, anything about the financial market is an indirect game that we need to play technically and intelligently, so you are right halfway.

Regardless of what you call it, I am more interested in discussing the risks that we must bear and realize from the start.

When in a situation where we require sacrifice from the start, it must be realized that in the end risk management becomes an important condition so that we are not wrong in approaching what we are aiming for.
Bitcoin is a good innovation for now and indeed even though the goal is to make us realize that in the end the system that bitcoin has will make us comfortable because there is no direct intervention from third parties because the initial purpose of bitcoin is as an option for payment but increasingly we can realize that the benefits of bitcoin turn out to be more than that and investment is clearly one of the benefits that we can deepen when in bitcoin only indeed with volatility as you say then we must realize that risk is definitely there.
By looking at this we must realize that in the end knowledge about bitcoin, strategies, plans of approach that must be done when we have bitcoin becomes an important thing that we must do from the start so that we can take advantage of bitcoin because it would be a pity if innovations like this are just missed.

This is right only if you see bitcoin as a financia tool, but some people see it from the technical side. As developer I see bitcoin as a software, it's something that you can code and integrate to webs and apps. And that's the awesome part of bitcoin. If the price change that doesn't affect the code.

I think there are many ways to see bitcoin, and developers doesn't care at all about the current price.