Topic: If Bitcoin was not eligible to give ROI would you still want to own any Bitcoin (Read 146 times)

Actually Satoshi Nakamoto created bitcoin as a way of ending financial crisis, I really think Satoshi is proud of creating bitcoin, though he might not necessarily be so iger for people to congratulate him, otherwise he wouldn't have mind what people would say about him or bitcoin, probably he would have come out publicly. I believe he is a simple man that doesn't need any praise from people rather he will be only happy that he finally created bitcoin. Because his greatest challenge was to achieve it, to save humanity from financial problem and doesn't want credit from anybody. But he is just happy he did it.

Definately, in my understanding I think Bitcoin main purpose was to use as an online financial payment or transaction, but as time goes on the price keeps increasing gradually by gradually and people started seeing it as a store of value do to its volatility. if there were no volatility on Bitcoin the statement "store of value" will not be heard. If people knew Bitcoin will be this popular or knew the important of bitcoin, It will have been expensive from the oncept. but people's doubt made them never to invest on it when they should have did so and it has cause a big regret from them. And funny enough some people has not yet known about bitcoin while some are still nervous about investment because it is not a physical investment. Because of how they have programmed their belief about investing.

Note: many people have been trapped in negativity about Investment or any other thing. and that has kept them in outreach poverty do to self education or unwanted advice and they feel they know better and that will definately Leed to stagnation. He who fail to pay attention to other's always fall victim in diverse ways. Though each and everyone has their final conclusion in what they want to do, but before that there should be a collective idea's summing them up to one useful direction. That why they emphasis on team work. Team work does not necessarily mean to use every body's opinion, rather conclusion.

The reason for mass adoption of Bitcoin is definately because of the store of value of bitcoin. apart from that I don't see any other reason. Though we have the bitcoin investors, bitcoin traders and Bitcoin transactors. but majorly %80 are the investors and that is the reason bitcoin price is pumping so high

It takes nothing much to learn and build good posting skills. There are codes to arrange posts but I never used any, just have to spend more time reading posts from high prominent members.

Do you know the intention of Satoshi wasn't primarily for Bitcoin to give ROI, I don't think if he ever thought of stuff like that. Bitcoin was basically founded as a decentralized currency with enough privacy and absence of third parties. Knowing fully well that the banks are controlled by fellow humans which serves as enough risk to our money because the trust can be killed at any spot.

Another question we need to ask ourselves. knowing fully well the early purposes of Bitcoin not initially for ROI, would you still invest in Bitcoin as an early investor?

Bitcoin is an investment just like any other investments such as real estate. Your question is like asking if owning a land or properties doesn't appreciate, would you still invest in them? Well my answer is not. No one would want to invest in something that doesn't guarantee a good return.

But, looking as our failing Naira. One of the utilities of bitcoin is that it is a store of value. It is on this premise that I would still own bitcoin to preserve the value of my wealth instead of having it in naira.

Of course every body want better life, if btc no dey give guys cash out how person go dey invest on am. Like if you carry money go put for Naira and inflation go catch am the thing useless. Now when you keep money for btc as e be now wey the coin dey bull, you go get enough profit depending on how much wey you invest . And if you still see say the price want drop, you can tether it for USDT that one go stable the coin from losing value. However, people dey like to hodl for btc when bull season dey but no be when bear dey.

I don’t think so because most of the people using bitcoin today are using it as an asset to invest in which they are always expecting to get profitable in it. If you can see most of the discussion in the forum is about investment, either short term or long term investment, you’ll hear about DCAing and lump summing which is mostly the center of discussion in the forum.

With all this, it now becomes very obvious that most of the people in the crypto space are there for the investment purpose and if their was nothing like investment in bitcoin, we will only see few people embracing bitcoin and using it. We will only see people that value their anonymity very well to be those that will embrace and be using it today.

As far as I know, everyone who is into Bitcoin investment is there because they all want to make profit. There is no Bitcoin investor who does not have the aim to make profit from Bitcoin. Even miners earn free Bitcoin, which if accumulated, they can still sell to make profit.

For some businesses and institutions that accept Bitcoin payments, they still do so for the sake of gaining profit from Bitcoin volatility.

If Bitcoin was not eligible to generate returns on investment or generate a good profit for users, then there is no need to invest in it. Unless that, it was a stable coin that could be used as a means of payment. If Bitcoin was not made to generate profit, it definitely would not have gained the kind of adoption it had now.

So where you expecting people that are into Bitcoin to lose, normally every ones intention of owning an investment is for profits and to grow ones wealth as well even though we lose as well sometimes. Majority of people who are rushing to invest in Bitcoin are doing so as a result of the fact that they know that it's value would increase in time coming that is why they are sure they would make some good profits at the end of their investments.

Bitcoin can't be compared to traditional fiat currency, whether or not we consider the Return on Investment (ROI). When Satoshi Nakamoto created Bitcoin, the aim was to revolutionize the financial system and change how people view money. The idea was to offer an alternative to relying on governments or traditional financial institutions. Before the advent of digital currency, banks were the primary option for saving money. However, they often profited by collecting interest on our savings without giving much in return. They lent out our money to larger institutions at high interest rates, all while pretending nothing was amiss.

With the emergence of digital currency, particularly Bitcoin, individuals can essentially become their own banks. They no longer need to depend on others to safeguard their assets. Whatever profits their investments generate belong solely to them in the long run. So, apart from the potential Return on Investment, there are numerous other advantages that Bitcoin offers compared to fiat currency. That's why some people continue to hold onto Bitcoin despite its volatile nature. They prefer the autonomy it provides, even if they experience losses during market downturns. So, it's not fair to compare Bitcoin to fiat currency in any way.

I see no sense in saving my money in banks. I will always repeat my self. Banks are thief's same as the government. You might feel they are giving you interest nahh they make more profits from your savings that's just a trick they play to make you feel safe.

People are buying bitcoin because it is an hedge against inflation and also because it is a means of investing. If bitcoin is not giving profit and not increasing in price and value, the adoption would have not been as it is today because most people that have bitcoin now would not have it as they have nothing to gain from it.

Bitcoin is not a privacy coin but there are ways you can go that can help increase your privacy.

Bro, for this life wey we dy, normally people dy always go for things wey Dem go gain from, especially when na money involved. See if nothing dy come out of Bitcoin except it's privacy wey e dy preserve, I fit beat my chest tell you say 90% of people no go even get him time, except those people wey wan use am hide money and do some illegal business, I know say this tin I dy talk now, most people know,  but Dem no go gree talk am openly for the community, but as life be so, na all about interest, people go only get involved with someone or something wey dy benefit dem, so na ur own personal interest nai matters.

Let's not get it twisted, bitcoin is an electronic money. With that in mind it still has all the qualities that fiat has. You and I know that when money is invested it brings profit. This is what makes investment worth while. You should see bitcoin as internet money that has more advantages over Fiat. The possibility of bitcoin being able to bring ROI is one of the major reasons why it has gotten so much adoption within the short time it was invented. Satoshi Nakamoto knew that if bitcoin wasn't design to generate ROI people might not widely adopt it and that's the simple truth. Bitcoin has been able to survive all these years because of this ROI generating quality.

Though it won't have had this kind of adoption it has now at this time but as time goes by it will have more but just that the rate of adoption will slower than when it offer  ROI, but I can the adoption rate would be faster because there are some unique problems bitcoin has helped to solve, which the government and law hate like

• You can get bitcoin in order to avoid paying, since it decentralise and if you the government cannot trace the wallet to you, then you are free
• You can avoid sharing all your funds with spouse if they don't have any idea you such funds in bitcoin

Aside all these above, for this to be done then bitcoin will have to a stable coin which will likely be wrapped to any fiat currency, which will not have been good since  bitcoin came to give financial freedom against traditional means of making payment which is the fiat currency

like you've already pointed out, bitcoin isn't primarily designed to give ROI in the first place, it is the inefficiency of the fiat currency that the use of bitcoin comes to solve. It's just that the volatile nature of bitcoin gives provision for ROI if not regardless of the profit that comes from investment in bitcoin, it will still be preferable compared to the fiat currency.

Most people that save their money in the bank don't do so because they want their money to yield interest in the real sense. They save basically because of the advantage it has over keeping their money with them at home. It's in the process of saving that money that some persons discover that their money could yield interest for that and some might make a fix deposit that will yield a particular percentage of interest for them over a particular period of time.

It's good that the volatile nature of bitcoin could give ROI but also know that the ease in transferring money across different nation without series of government regulation is enough reason to wanting to invest in bitcoin.

At first (op) I would say the way you arrange the post is pretty nice. okay back to the topic As it implied ROI (return on investment) so you asking if bitcoin wasn't eligible in given ROI, the truth is that it won't have the kind thing of adaptation it has recently because most people do engaged in investing in bitcoin because of the good profit it would yeild them in the future or any time interval. But still it would have some adaptation though. Because some of individual would Still love to keep  their fundS in bitcoin because it's Decentralized and there's no third party like keeping your funds in bank.

I think with the way at which Bitcoin is getting adopted globally is really amazing and quite adorable even the founder of Bitcoin (Satoshi Nakamoto) will be extremely proud to creating something like this, that has become the other of today's greatest investment with majority of people wanting to become parsle of owning parts of Bitcoin.

There are mainly different tangible reason as to which Bitcoin was founded, talking about the purpose of Bitcoin as a means of payment, Bitcoin as a store of value and Bitcoin as investment which appreciates in value over time.

Honestly from the view of things, We can tell that majority of people who are currently into Bitcoin are mostly their for the benefit and purpose of growing their investment portfolio over time.
I then decided to ask, with Bitcoin having so much purpose as to which it was founded, if only Bitcoin was not eligible to give ROI, will Bitcoin still get the kind of adoptation it is getting today?