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Topic: Is Bitcoin STILL Good Investment? (Think Again) - page 6. (Read 1165 times)

mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
Not sure why but I was actually expecting original content with the video(which it obviously isn't).

Anyway, bitcoin sure has great potential in the longterm, but I'm going to take the non-permabull standpoint here for a change. Yes, bitcoin has GREAT potential and I greatly believe that, but hopefully let's not give give the impression to the outside non-crypto world that bitcoin is guaranteed to skyrocket in price, because it's simply not. So much things can make bitcoin succeed in the long term but there are also things that could make it not successful, both as a currency/SoV and as an investment.
sr. member
Activity: 2534
Merit: 332
Vave.com - Crypto Casino
Bitcoin indeed is the best investment we could have ever since the cryptocurrency is now a trend. Unlike before that people use to invest in gold and silver although those were still a valuable asset since the price is quite growing each year. But bitcoin is our best crypto asset nowadays because you don't need to put it on the bank because you can actually hold your own investment.
member
Activity: 434
Merit: 29
This video makes the case why Bitcoin is in my opinion not only a good investment but the best investment you can make.

Any additional insights in how to best relate this to those who do not yet own any Bitcoin is appreciated.

It is important we help as many people as possible find safety in this financial climate and $244 trillion global debt crisis.

Thank you

https://youtu.be/ubL2RDg37Wk




You make the very big, and very wrong assumption that BitCoin holds more value than any other of the Fiat Currencies.   You are NOT protected against a 244 Trillion global debt crisis by holding something that has zero real value.  

Bitcoin got a boost when Chinese president Xi Jinping endorsed cryptocurrencies in a speech.   What all the bitcoin fanatics missed was that President Xi was talking about a CHINESE GOVERNMENT BACKED crypto, with all the benefits of the block-chain.    I would take a GOLD BACKED Chinese crypto currency any day over bitcoin which is backed by NOTHING.

You can ignore reality, but you can not ignore the consequences of ignoring reality  Grin Grin Grin Grin    ( Like when you lose most of your money )...

Hard Facts
hero member
Activity: 2212
Merit: 786
The reason on what makes Bitcoin a relatively good investment is its volatility and decentralization which leads to its fluctuation on its price. Depending on the price on the market, one has the opportunity and potential of doubling their initial investments in a short-amount of time compared to the traditional methods of investing present in the market.

What it lacks is the security and guarantee of your investments, unlike in stocks and bonds, there is a security and collateral in-case your investment losses.
hero member
Activity: 1162
Merit: 516
1BTC Welcome Bonus
I didn't want your video but i would like to give the best advice which i feel while i plan to invest for any cryptocurrency. Bitcoin volatile nature will make the Bitcoin price grow at any time so if you want to invest on today definitely very soon you can find the profit for it. Then please plan to invest on other cryptocurrencies which is fluctuating more in the market on daily basis that kind of coins can give the returns very soon.
jr. member
Activity: 42
Merit: 6
This video makes the case why Bitcoin is in my opinion not only a good investment but the best investment you can make.

Any additional insights in how to best relate this to those who do not yet own any Bitcoin is appreciated.

It is important we help as many people as possible find safety in this financial climate and $244 trillion global debt crisis.

Thank you

https://youtu.be/ubL2RDg37Wk


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