Topic: If bitcoin according to Satoshi is digital money then why call it investment. - page 4. (Read 691 times)

This shows How powerful bitcoin users over the so called Normal Money and that is Fiat. while you have said that the main purpose of Satoshi creating Bitcoin is a Digital money to fight the government interfering in our daily money using yet the problem is each User or Holder of bitcoin has  power over the currency meaning we are free to do what we wanted not like in physical money that the law prevent us from keeping or hoarding fiat in our hands , in crypto we are the one who will decide what faith of holding .

In early days, everything has to face with risk of death. If it can survive after many tests, many years, it will gain a solid role and will be used more. In early years, many people believed Bitcoin is scam but it is smaller now in percent and it shows a better acceptance of Bitcoin in community.

They can consider Bitcoin as their investment, their treasury or just a mean for trading but if they use Bitcoin, they believe it is not scam. It is a big change and dramatic improvement since 2009.

Exactly, Bitcoin is the best example of Gold in the early days when gold before in intended as used for payment and later on become an investment.
Gold became an investment for most people because what they know is the gold price just keeps increasing.
Then now, it's the same thing happening with Bitcoin. That's why I can say we are still in early days on Bitcoin same before with Gold.

Anything could be an investment as long as its market price has the potential to increase over a period of time. Gold and other minerals awere even used before as a mode of payment when currencies were not yet used as a system of payment. And same thing goes with Bitcoin. It just so happened that majority of its users saw Bitcoin's advantage for being an asset more as a currency because its market price is so volatile and yet moving upward in a bigger time frame which promotes hope for investors. Eitherway, as long as you are using this technology as per with your interest then it would be beneficial. Using this technology as a mode of payment is still far from the reality because there are still improvements which would make it possible.

Bitcoin is a digital currency and due to the volatility in the market, many persons see it as an investment because is can increase in price at anytime makimg those who have invested in it to make more profits as the price increases. The major aim was for it to be a digital currency that people can trade it at anytime for business transactions without the need of any third party to come between the trade. This alone had proved to us that what was written in the white paper was the solution to the banking sectors where customers are been forced to submit there KYC whether they want to make huge transactions.

I believe you know Bitcoin  is a very volatile asset and as such, it can rise as well as fall and the ability for people to take advantages of either the rise or the fall, is what actually give rooms for people to earn money and since bitcoin  give the opportunity  for smart holders to make money from it through several ways, people now tend to buy  it at a low price when the price of bitcoin  has fallen and patiently wait when the price increases and then sell it off at a more higher price, making it an investment option where we buy low and sell  high and that's the aim of an investor, to make profit.

This is according to the white paper but you should know that everything evolves and that's why bitcoin  is doing but in price and usage and you shouldn't blame anyone who see it as an investment option especially knowing  the risk involved because bitcoin  has also provided and proven to be  an investment option  for  them.

Exactly, as bitcoin became more and more volatile, people are also leaning towards bitcoin as their investment asset  more rather than a currency which can be used to pay for something or a currency which has no boundary that doesn't require a 3rd party facilities.
Satoshi's intention was really to eliminate the use of banking and so we can have full control over our money at the comfort of our own. If the white paper contains something more about "investment", then people might suspect that this will just turn out to be another ponzi scheme which will not gain enough trust from it's potential users.

I have been trying to explain this for years now, that Bitcoin is not a form of investment but only a totally secure and distributed digital means of payment. Just like in Satoshi's wp we talk about peer to peer payment but people see it as the form of investment that will make them rich, all wrong. Great thread

That's a little lazy you know. Cause it doesn't really dig deep to what made bitcoin an investment in the first place.

To answer your question OP, for a good amount of time bitcoin was solely used as a form of peerless money transfer method across the internet. Think of it as the basic version of Paypal. It was like that for a couple of years but soon as more people jumped into the train and bought or sold bitcoins for themselves, the value of bitcoin increased, from going for less than a dime back in the days to as much as 70 bucks in 2012 (AFAIK). Since then, people saw the opportunity in bitcoin and decided that since it pumps in value over time, it could be wise to hold money on it not for the sake of using it as a payment system, but to bag profits in the process. That's just what happened and until the boom of cryptocurrencies in 2016, the term bitcoin "investment" became more popular.

You are right about the main purpose of BTC which was p2p transaction based on decentralization but as technology progressed new use cases of BTC also took place like investment. And also due to the volatility factor of BTC people started to use it as investment and it would not be right to say that every BTC user is using it for Investments purposes and it would not be appropriate to say that in early days the adoption of BTC was high thus at that time people were not using it to store there money.

As BTC was still new and new investors and risk takers are testing their luck but of course only few knew the potential BTC have.

But i think it would be a waste of valuable asset if you would get profit out of it but do not tend to do so. The best practise is to use it to gain profits and how one can gain profits if BTC proved to be a wrong source of storing value of your money? It is not. Btc is a source of storing money so why not making investment in it.

Bros, I want to clear doubt o. But anyways I get your points mate. I was looking at it from Satoshi perspective of bitcoin being a digital cash and how it deviated from being a digital cash to investment opportunity. I believe the scarcity as orchestrated by the whales and the market uncertainty ignited it to where it is today. People at the helms of affairs control the make at any time they want and at their own will while those trading at their mercies just speculate around with fear of the market trend.

I know for sure trading on bitcoin would generate profit for those engaged in the activities that is why they see it as investment. Buying when the price is low and selling when it is high for profit purpose and lots more is not bad as many depend on it for daily income. This is the investment for which it was turned into and it still serves the same purpose as it turns to be digital cash.

Well, I don't think there is any hard thought to this. Infact, what should be noted is the fact that it is firstly decentralized and it is meant to be anonymous too.

This is one reason why being a digital money/currency that BTC is, and not knowing how much value it would be worth sometime later is a thrill for some. There is always a hope of making gains if BTC is saved up or HODL, over a period of time compared to your local fait or CBDC or digital money, the BTC idea rhymes well with what social media looks like and what it offers to its long term users, and it makes us believe in a digital future where most online transactions is done remotely from anywhere in the world.
BTC is also one among other crypto currency, as we have seen many crypto currencies make huge profits during volatile periods, and unlike the way stocks and the forex trading could make loss or gain, so does BTC.

The DCA strategy of investment or purchasing BTC is one popular strategy of investment that mere digital money functions only, won't provide. DCAing is a regular input of a certain percentage of funds, to acquire BTC over a time, after which it can be sold, gains collected and capital reinvested.
The bigger the funds put in, the greater the gains I believe.

Bitcoin is a revolution, and as it happens in all revolutions, it often deviates from its correct path, either as a result of internal factors or by external factors.

I think that here Bitcoin has been diverted from the goal for which it was deliberately created by governments and whales. Governments could not control Bitcoin because it is decentralized and whales are happy to manipulate the market and win billions of dollars through fear and greed.

There are few believers in Bitcoin as it is (a peer-to-peer payment method) and they can do nothing unless the community as a whole is made aware of the truth.

That's just the simple truth: everything Bitcoin is being used as to us depends on the holder. You can either decide to make it a means of payment (money), calling it money, or a store of value (calling it assets). Satoshi has an aim for which the goal has already been accomplished, and more is being discovered from what the main purpose was initially intended for. To me, it might not be mentioned on the white paper, but I believe it was built to serve an investment purpose from the beginning. Anything that has the ability to increase in value could be considered an investment, and Bitcoin is not an exception.

  CryptSafe my Nigga, you have been a while in the forum and there are some terms we learn to know their uses base on the way they are used in the context both in physical classroom too, not all the words the teacher pronounced are known to us instant but some we know from the context the teacher used. First of all I want to thank you for understanding the part that bitcoin is a digital currency. Now if it is a currency, have you heard the term "loan" with Fiat Currency? Yes. Now how does loan work. Loaning someone doesn't mean you are buying something but you give money to someone with a specific amount and the person will pay you back with interest. That is an investment, isn't it? That is you gave out money to get profit from the money you gave out. There is a saying in Nigeria, "We use money to find money", that is we used money to get more money from the capital.

Now when we come to bitcoin, yes bitcoin is money for digital use only and bitcoin appreciate so people buy bitcoin when the price is low and sell it out when the price increase and that is the investment part of bitcoin. So don't be confused with it, it is the buying and selling of bitcoin is the investment. Like now, if you buy bitcoin today as it is $30k and keep it for about 3 to 4 years and bitcoin price increase to $60k how much do you think you will make? That will be a big amount of money though that will also depends on the amount you used for the investment. Bitcoin is just like the loan business that appreciate time.

Because a lot of things changed and the creation outlived the creator. Bitcoin still can be digital money, but it also can be an asset. It depends on what you want to do with it.

It's the same as gold which has been a medium of transfer and exchange. But overtime it has upgraded and become a store of value just as Bitcoin. Time changes and if people see the worth from within, we're all considering that and that's what the majority of Bitcoin people have seen with it. It's not just a medium of transfer or a digital money but it has became a wealth, a store of value, an investment and there's nothing wrong with that because Bitcoin remains as is 'til now based on the whitepaper.

There's nothing changing about what you've read on the white paper from what is happening now, but have you also considered that bitcoin being a digital currency is also volatile and this volatility is what make it profitable for someone like me and you to use the currency as an investment whereby we can choose to hodl it over time and make some interest on it, yet it's values never decreases with time, you can spend it as a monetary value, hodl your asset with it or turn an investment asset with your bitcoin you have, this is a good reason for us to make use of bitcoin over fiat because bitcoin has multi application of use being an investment asset and digital currency.

I think it's safe say that when you are creating or inventing something and a lot of people are trying it out and exploring it with their own, they would find ways to use it in a couple of different ways even if it's not meant to be for that or something.

A lot of people probably went out and bought Bitcoin for the sake of earning more so that's definitely going to be their goal. It's about money. So that's why I think they are considering it as an investment.

Even though Satoshi stated that Bitcoin is a p2p electronic cash it doesn't elude Bitcoin's other side features such as volatility and limited supply which have madeBitcoin'sn value increase insistently, this made it become more of an asset since one can simply hold Bitcoin and benefit from it value volatilities either ups or down.

More also, bitcoin has not attained the global adoption, and it could be easily used as a currency because not many merchants or businesses are accepting Bitcoin as a form of payment for goods or services.