For me, Bitcoin is just a financial Game. - page 7.

m2017

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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."

I completely disagree.

Before determining the status of an asset such as bitcoin, it is necessary to find out in what proportion this asset is used. I tend to think that bitcoin is used more as an investment tool rather than money. If anyone has statistical data, they can add this to my post. Personally, I can assume that an indicator of using bitcoin as an investment instrument is its high cost. That is, if used as money, supply and demand would be approximately equal, and bitcoin would not cost ~$60-70k. But due to the fact that demand exceeds (invested money), bitcoin becomes more expensive. Also, multi-million dollar investments from institutional investors are confirmation of my words. In other words, most of the bitcoin is hold as an investment and only a small part is used as money (how many shops and individual sellers accept it as a means of payment?). Based on this, I say that bitcoin is not money, but an investment asset.

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

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.

What is our life? - a game!

You have the right to call it whatever you want.

Some even compare investing in cryptocurrencies to gambling. Frankly, there is something similar in this.

Gladitorcomeback

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I don't know if we can call it a game or not but one thing is for sure, it does give you a sort of a feeling like you are in a game where you need to take certain steps, complete specific tasks, and increase your chances of getting more points, the points are your profit, of course.

If we consider it a game, then people getting involved in it need to understand that you can't play a game efficiently if you don't know or understand the gameplay and the levels. You start from the basic, which is generally easier, but as you move ahead, there tends to be harder levels that you need to clear.

So it's essential for players to have enough knowledge and understanding of the game before they get involved to avoid having the word "Game Over" appear on their screens.

petermaier2024

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Guys, the problem is that especially in 2024 the market of Bitcoin is staying extremely unstable. Having reached all-time-highs at the end of 2021, the cryptocurrency market experienced several corrections then. I also thinking about investing into Bitcoin BUT the question is: passive vs. active income. The same money i could invest into active business, like a supermarket in a sunny country like spain and the rendite will be maybe much higher, its a headache topic. What do you think, and what do you think about investing in Gold instead of Bitcoin?

peace

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Quote from: alexeyneu on June 25, 2024, 12:53:03 PM

and it's finally time to lose for all these investors. Never mind how long they will wait now

It looks like this current Bitcoin dip greatly affected you. Don't worry Bitcoin has a great ability to recover. Players of this game won't let the game crash and die since this is the best source of money for them. Someone will eventually pull the trigger for Bitcoin to start rallying just like the previous bull runs that break ATH and record new highs.

Quote from: DiMarxist on June 25, 2024, 11:09:08 AM

In playing game you lose whether you have luck or not because it is not possible foe one to win a game at all time. But in bitcoin if are patient enough to wait for the long term investment then you won't lose and instead you win. And all you need to do in the investment of bitcoin is patient. And the risk only comes when you can't wait to see the new bull run or All Time High and sell your coins along the line. The risk is there foe impatient investors and not for the well knowledgeable investors.

I highly agree, those who have the resources to hold long enough are surely the winner of this game. The one who gives up is the failure while those who keep to hold and wait for the price to hit their target price is the one who is rewarded.

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I don't like comparing bitcoin investment with game or gambling. Though life itself is a gamble but the context used are different.

Bitcoin investment has its risks and the Bitcoin market movement is defined by the strategy of traders so for some people, this market looks like a game for them to conquer.

Jegileman

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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 was not created to be viewed as this in the first place. It was later that it can be used to play with stuffs like your mindset, buying low and selling high that it began to be viewed as a financial game. When you’ve been able to understand where the direction of the market is going, you can now hop in the direction that will favour you and once it begins to create that kind of psychological view in people’s mind, it becomes more like a game. I won’t argue with this your viewpoint as there is a lot of sense in it and only with this we have seen massive adoption and use of it today. It creates room to learn more and have knowledge about what you’re going to invest in unlike other assets that are basically base on your choice without much research about them.

alexeyneu

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and it's finally time to lose for all these investors. Never mind how long they will wait now

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In playing game you lose whether you have luck or not because it is not possible foe one to win a game at all time. But in bitcoin if are patient enough to wait for the long term investment then you won't lose and instead you win. And all you need to do in the investment of bitcoin is patient. And the risk only comes when you can't wait to see the new bull run or All Time High and sell your coins along the line. The risk is there foe impatient investors and not for the well knowledgeable investors.
I don't like comparing bitcoin investment with game or gambling. Though life itself is a gamble but the context used are different.

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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."

But it's a pity that many are not accepting this as the truth, bitcoin is a digital currency, i means to holding financial asset for an investment which is profitable, governments know about this but pretends as if they don't because they can let anything overtake their power from them on regulations.

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

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.

If we know and understand the way bitcoin market volatility runs, we are going to be successful in the market because its draws financial income to us after making an investment as long as we set a right track on it, hold and still make use of bitcoin in every specific area of interest for your profitability.

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.

For everyone in charge of the game, will always be on top of the game.

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Okay, Bitcoin is unique and complex, but at its core, it's still money like cash or gold. Its wild price swings are super exciting and constantly mess with our heads. That's why I think of Bitcoin as a financial game—it's always changing, always surprising.

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"Game" is a word from the Anglo-Saxon world that in other languages should not be used when translating, but the literal equivalent is increasingly used.

Assuming that it is a game in the Anglo-Saxon sense, what we have to do is to win in the game, or at least not to lose, and for this there are a series of basic rules to follow, which are usually common to the purchase of financial assets.

But apart from the game, we would have to see what will remain of that initial dream of being a means of exchange to avoid the public authorities and central banks, which unfortunately I believe is increasingly far from becoming a reality.

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For me, Bitcoin is just a financial Game.

Bitcoin can generate profits due to its volatility, bitcoin can hedge against inflation due to its limited supply, and its value is always increasing. Bitcoin is decentralized so it can be the safest place to store wealth because we don't need to depend on third parties and finally, bitcoin can be used as a peer-to-peer currency...It can be seen that it is a unique multi-functional asset in the world and how we use it depends on each person's purpose.

You can view bitcoin as a financial game to make a profit because that's your right, but that doesn't mean others can't use bitcoin for other use cases. In addition, it would be a pity to ignore the great uses that bitcoin brings, because no one prohibits and forces us to only use one of the many use cases of bitcoin. Personally, I would make the most of bitcoin.

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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.

When there is money flow, it's a financial game and this Bitcoin market is a zero-sum game too.

With Michael Saylor and MicroStrategy, according to their words, Bitcoin is the end game. Believe it or not, it's not important and Bitcoin is Bitcoin and will continue to grow in adoption, marketcap, trading volume.

The bullish case for Bitcoin
Bitcoin is the end game.

Quote

Michael Saylor after buying over 200,000 $BTC:

"The endgame is to acquire more #Bitcoin. Whoever gets the most Bitcoin wins." 👏

balotelli

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Why Always Me,.

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.

Topic: For me, Bitcoin is just a financial Game. - page 7. (Read 1179 times)