For me, Bitcoin is just a financial Game. - page 5.

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Quote from: balotelli on June 25, 2024, 05:50:33 AM

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.

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.

naira

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Quote from: balotelli on June 25, 2024, 05:50:33 AM

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.

Op sorry, I'd rather be involved in a game, because whatever we do requires a game to be played. People have to climb stairs to reach the top, each step is sometimes slippery and mossy. But it's all a process that you can't skip so we'll follow the rules of the game. If Bitcoin was just a game then I would be more interested, whatever the rules of the game don't matter than having to be a spectator, commenting, never doing anything just shouting nonsense.

In my opinion, the risks of mainstream media, insults, insults are just the spice that makes Bitcoin even more popular. (Newton third law). Roll Eyes

snapee11

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Quote from: balotelli on June 25, 2024, 05:50:33 AM

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.

That is for you, but for me, bitcoin could be the future currency of this world as long as gold isnt there to be use as a currency. So far, the paper money still going on but this kind of currency will be gone soon because only those powerful country benefits from it.

kingvirtus09

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Quote from: balotelli on June 25, 2024, 05:50:33 AM

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 know that all bitcoin holders make money because of the volatility that bitcoin has, even in other cryptocurrencies. Do you know that? Without the volatility of a cryptocurrency or bitcoin, it is for sure that no one can make a profit in this field of the crypto space.

So what others think is that volatility is dangerous is not the concept that other communities believe in here, because where our fund is invested in Bitcoin or crypto/financial, there is profit that we can get even though it has a high risk associated with it.

Hamza2424

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Hmm well, that's totally up to you how you process your journey with Bitcoin, for some of us it's just a trading pair, for some of us it's a long-term financial investment opportunity, for some us is the store of value, and for some people, it's just a bubble haha even though the bubble narrative is not much entertained.

Well, whatever it is currently I'm in love with it, so keeping it simple explore and find yourself what is it. TBH you wont regret doing that.

Mauser

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Quote from: balotelli on June 25, 2024, 05:50:33 AM

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.

I guess it's fine to look at bitcoins as a game, some people see the stock market as a game and play it for fun. The question is what to you want from bitcoins. In case you are in it to make money than the categorization of a game might not be the best approach. Using some spare money that you don't need otherwise and trade for fun is great to learn more about crypto currencies. Just don't invest all your savings in something that you view as a game. With the high price bitcoins have been trading on for several years now there are many people who look at bitcoins as a serious investment. Looking at it only as a game you will be missing out.

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Quote from: Obari on July 01, 2024, 06:42:53 AM

Bitcoin isn’t just money but freedom and the basic concept of bitcoin was to have a form of currency controlled only by the holder without a third party interference like the government and you can believe me that bitcoin has done its best and tagging bitcoin as a financial game simply because of it’s volatile nature is wrong and tho people are already taking advantage of the volatile nature of the coin doesn’t make it seem like a game.

Bitcoin is a decentralized digital currency and we should accept it for our freedom.

OP is not a newbie , and I think he understands very well what you are explaining , and it is just a matter of his choice .
I think he is not wrong because no one has the right to dictate what he should and should not do with bitcoin , the fact that he considers bitcoin as a financial game is his choice , not all of us . If OP is wrong just because he sees bitcoin as a financial game then the people who deserve more criticism are the criminals who are using bitcoin for their illegal activities . Bitcoin as well as many other assets and tools, people are free to use them for any purpose they want and we have no right to interfere.

For me, bitcoin gives me more than just an investment and I will use it according to my purposes, I don't care how people use it.

Obari

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Bitcoin isn’t just money but freedom and the basic concept of bitcoin was to have a form of currency controlled only by the holder without a third party interference like the government and you can believe me that bitcoin has done its best and tagging bitcoin as a financial game simply because of it’s volatile nature is wrong and tho people are already taking advantage of the volatile nature of the coin doesn’t make it seem like a game.

Bitcoin is a decentralized digital currency and we should accept it for our freedom.

Quote from: coolcoinz on June 27, 2024, 03:51:44 PM

I don't play any games here. I consider myself a believer in bitcoin and its value and I hold it because honestly I can't find anything better. Everything I buy is troublesome.

As a long term holder, bitcoin should be your first if not major and only choice of consideration for now and a believer of bitcoin wouldn’t have to see himself as a player but rather work towards having more bitcoin(freedom)

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Quote from: balotelli on June 25, 2024, 05:50:33 AM

Firstly, despite Bitcoin's distinctiveness and its own complexity compared to other financial forms like fiat currency, gold, etc., its essence remains "money."

It is money but its specialty is that it is censorship-resistant and decentralized. Nobody can stop you from using bitcoin just because they want to and nobody can shut it down on their own.

That makes it way more than something just like "money".

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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.

That is when you compare the USD value of bitcoin. But that n BTC always remains n BTC - just the market price changes. This has nothing to do with bitcoin itself. It is what the people buying and selling against USD have to put in.

Quote

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 sound more like those motivational monkey suits, trying to sell their own koolaid. In this forum 99% own bitcoin or buy it, no need to reiterate that.

balotelli

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Quote from: coolcoinz on June 27, 2024, 03:51:44 PM

I don't play any games here. I consider myself a believer in bitcoin and its value and I hold it because honestly I can't find anything better. Everything I buy is troublesome.

I have an apartment and there's always something going on. I have to insure it, they up my rent every year, the cost of water and heating goes up, I get notified and have to pay it, I have tenants and they have their own requests...
With no tenants I wouldn't be able to afford it because it would cost me a few thousand $ a year to keep it.

It's the same with a car. I have 2 and it's always something if you want to keep them in good condition. Bills to pay, cleaning, making sure they're parked in the garage when there's a storm or snowy weather.

Bitcoin is a buy and forget type of asset.

I understand your point; we all have bills to pay and various issues to address. However, personally, I consider Bitcoin as a game that helps me understand the rules and minimize risks (if any). Everyone has their own choices.

coolcoinz

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I don't play any games here. I consider myself a believer in bitcoin and its value and I hold it because honestly I can't find anything better. Everything I buy is troublesome.

I have an apartment and there's always something going on. I have to insure it, they up my rent every year, the cost of water and heating goes up, I get notified and have to pay it, I have tenants and they have their own requests...
With no tenants I wouldn't be able to afford it because it would cost me a few thousand $ a year to keep it.

It's the same with a car. I have 2 and it's always something if you want to keep them in good condition. Bills to pay, cleaning, making sure they're parked in the garage when there's a storm or snowy weather.

Bitcoin is a buy and forget type of asset.

sunsilk

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The same for other financial products that have risks associated with gains and losses. And for each financial market that someone will be involved with, there will always be losers and winners.

If it's about risk and gain, Bitcoin isn't different from the other assets and investment vehicles that have been known for so many years. While it's still considered as one of the youngest assets in the world.

This is a game for the new generation while many that prefer traditional investing and assets won't get into it. And this is the beauty of this game, it's not just for the young but also for everyone at any age.

Dr.Bitcoin_Strange

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Well, I would not describe Bitcoin as a game, and as a fact, I don't mistake assets or investments as a game. I think it's strange to describe Bitcoin as a game; it is an asset that many people cease the opportunity to acquire it as their investment. In order to be successful as a Bitcoin investor, you need to learn and understand the pros and cons of Bitcoin. The reason why some people have not invested in Bitcoin already is because they fear that the price can drop, but they don't realize that Bitcoin is not a shitcoin. Even if the price of Bitcoin drops, it will definitely rise again. Every investment has its own side of risk and rules, and when the investor lacks specific knowledge about such an investment, they may experience bad investment. That's how Bitcoin is.

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Quote from: balotelli on June 25, 2024, 05:50:33 AM

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 is perhaps more complicated than gold, but it's not more complicated than fiat. Fiat isn't just banknotes. It's also complex monetary policies, evaluation, control over supply and inflation, as well as digital systems of handling fiat payments. Bitcoin is simpler than fiat, and its transactions are more straightforward. Gold is simpler because it's tangible, but we can't know the total supply for sure, and gold can't be transferred digitally. So considering the functions Bitcoin is able to perform, it is simple enough as a currency.

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Quote from: balotelli on June 25, 2024, 05:50:33 AM

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 is not as complex as many may claims or proclaims it to be neither does it seems to be a game nor that risky as when compared to forms just as you have mentioned above, Bitcoin stand among the best if not the best when it comes to digital asset class as it has a good foundation and has proven to have gained a more wider spread adoption and a tremendous increase in value. Bitcoin investment is best when viewed on a long term perspective and every investor must adopt a strategy or strategies that will only suits him or her in terms of his financial capabilities, risk tolerance level, investment goal and objectives, which is the only way he can be able to hold for long without selling too soon when he is meant to be accumulating. Volatility is an inherent trait of Bitcoin where an ideal investors only takes advantage of it without panicking in order to have a good size of Bitcoin up to a reasonable amount by maximizing every opportunities in the market to purchase Bitcoin which will put him in a substantial overall return of investment over a long time of a about possibly 4 to 10 years or more.

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Quote from: mirakal on June 27, 2024, 08:18:17 AM

They could buy bitcoin, bonds, real estate, etc..

only latter two generate something.

mirakal

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Bitcoin has been so known for its volatility and high risk but despite these things, people still think that investing in bitcoin is profitable and an opportunity that a person should not ignore. Whether it is a financial game or not, what we want is to make money out of it --maybe that measures winning.

Well, I say that a person who wants to become rich and financially stable must acquire more valuable assets not just bitcoin. They could buy bitcoin, bonds, real estate, etc...all these things generate money. But without financial knowledge and the right way of spending our money, nothing will change in our lives and we lose the game. Therefore, we don't just know how to invest in these things but also, we must also know how to invest in learning finances as this is the winning ticket.

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This may be considered as true but this cannot be taken in its totality because beyond the just financial benefits of bitcoin of which it helps to mediate transactions, is the fact that it can be seen as a store of value and the volatility of its value progressively going up keeps it distinct from others and that is why it can be seen as a store of value and an investment opportunity. True its a financial game just like it can be seen in the regular fiat where the bid for the supremacy of a currency over the other keeps nations continue in trying to get economic conditions that will strengthen their currencies so as to make it add more value to become such that is strengthen and considered superior over the other.
The game of finance is such that when considered in the case of bitcoin to other currencies, its something we see the advantage of bitcoin over others in the the fact that its value keeps moving upward and appreciating in a very high percentages unlike the regular fiat that does little percentages in a very long time.

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Quote from: balotelli on June 25, 2024, 05:50:33 AM

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.

Yeah it's true to some extent. The biggest thing you can do is that you should practice to control on your nerves.The market is volatile and to survive in these kinds of conditions you should have a very strong control over your decisions and investments.

The plan should be clear and the profit should be set. After achieving the calculated profits you should exit the market no matter what the conditions are. Greed is not good in crypto if you want stable income.

OrangeII

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well, I think, it's okay to think bitcoin about anything. Basically bitcoin was created as an online decentralized payment alternative. However, many people think that bitcoin is an investment tool, and is often compared to gold. In addition, many people think that bitcoin is a gambling tool, or even a scam. However, people will have their own opinions, but what matters is how we use it.

Topic: For me, Bitcoin is just a financial Game. - page 5. (Read 1179 times)