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Topic: Is this basically just another way to make money? - page 21. (Read 2714 times)

member
Activity: 308
Merit: 10
My start with crypto/btc was that I invested a bit end of November last year. I had a few friends that told me about their small successes and how easy it was to just 'start'. It was indeed quite easy. I started to read and research into btc and every other relevant coin. Whitepapers, teams and such. Then I started to shift focus to the block chain, starting to get a grasp on what could be the future possibilities. I started to get real exited and invested some of my savings in a few projects with (to me) real potential. None of those projects appeared to be alive because of speculation only, mainly because they have a vision and actual plans.

So then I noticed that there are quite a few documentaries. I started to watch them all. A few from 2015, 2016 and 2017. I was disappointed to say the least. Everything was about bitcoin and the value/worth of bitcoin. It was about highs and lows, crashes and deceit. Only a few times the actual potential of the block chain was mentioned. Mostly it was about money.

Right now I am starting to feel like this is just a way to make money. Nothing more nothing less. You buy into btc or other coins and in no way are you really supporting the project, besides maybe adding to the order books at the exchanges with some minor effect until whales decided to take over. I sometimes have some sort of dishonest feeling, like the money I make through buying (and seldom) selling is somehow dirty as it comes from people that simply do less research, bail out or simply already had their take.

I started with high feelings of morality, being part of some new future where block chain would be the next internet. Right now it feels like a rat race where you have to grab as much money as possible before others take it before you or from you.

Not that I am ungrateful. I like many projects because of the team behind it that actually want to change the world. But if I look around me, it is mostly those that are in it to make money, a lot of money....and this money has to come from somewhere right (those that lose money)...

What is your take on this? Is this all a phase, part of how this game works?

Trading in the market is really profitable if you know how to handle the stress when the price of your coins is melting and instead of selling your coins at the lowest price then just invest a huge amount because you will surely earn more profit when the market goes back to normal.

member
Activity: 406
Merit: 10
The Exchange for EOS Community
All they do is make the ultimate goal just to make money. There are many ways to make money but people are always looking for jobs that will bring them a lot of money. So people have come to the bitcoin market. Bitcoin is an effective way to earn money if you know how to invest.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
Bitcoin is a form of profiteering at the same time a currency,lets get to your point about what is bitcoin or is this another way of making money...i have a work,and having a business too but big part of those are bitcoin since this helps me alot when im in dip actually i believe that if bitcoin didnt cross my life im in miserable now.so yes basically bitcoin is another way of making money
full member
Activity: 630
Merit: 102
I am very happy to be a member of bitcointalk forum because now I am so enlighten about cryptocurrency and blockchain technology generally. Some people out there just think bitcoin is all about buying and selling when the price appreciate. The technology is so vast and innovative, all sector needs blockchain technology in other to reach the whole world without limitation.
sr. member
Activity: 420
Merit: 252
well this is basically a zero sum game and when people invest they buy and in order to make money they have to sell to someone else so if the price rises the 2nd person will also earn money but at the 3rd one the price should go down as it can`t rise forever so I believe that always someone will lose if someone wins money.
member
Activity: 406
Merit: 11
My start with crypto/btc was that I invested a bit end of November last year. I had a few friends that told me about their small successes and how easy it was to just 'start'. It was indeed quite easy. I started to read and research into btc and every other relevant coin. Whitepapers, teams and such. Then I started to shift focus to the block chain, starting to get a grasp on what could be the future possibilities. I started to get real exited and invested some of my savings in a few projects with (to me) real potential. None of those projects appeared to be alive because of speculation only, mainly because they have a vision and actual plans.

So then I noticed that there are quite a few documentaries. I started to watch them all. A few from 2015, 2016 and 2017. I was disappointed to say the least. Everything was about bitcoin and the value/worth of bitcoin. It was about highs and lows, crashes and deceit. Only a few times the actual potential of the block chain was mentioned. Mostly it was about money.

Right now I am starting to feel like this is just a way to make money. Nothing more nothing less. You buy into btc or other coins and in no way are you really supporting the project, besides maybe adding to the order books at the exchanges with some minor effect until whales decided to take over. I sometimes have some sort of dishonest feeling, like the money I make through buying (and seldom) selling is somehow dirty as it comes from people that simply do less research, bail out or simply already had their take.

I started with high feelings of morality, being part of some new future where block chain would be the next internet. Right now it feels like a rat race where you have to grab as much money as possible before others take it before you or from you.

Not that I am ungrateful. I like many projects because of the team behind it that actually want to change the world. But if I look around me, it is mostly those that are in it to make money, a lot of money....and this money has to come from somewhere right (those that lose money)...

What is your take on this? Is this all a phase, part of how this game works?

I would agree that bitcoin is a way to earn money. There are so many ICO's and my friends warned me that there are scam going on. I am also hesitant but you cannot be successful if you do not take the risk. For me it is ok that bitcoin is a way to earn money anyway you work hard just to have earnings.
sr. member
Activity: 338
Merit: 250
Asura – Self Sustainable eSport ecosystem
To be honest yes, but would you also pursue with us that someday crypto will be use in our daily lives just like money? Like buying a pack of bread in a bakeshop?
I think so. Cryptocurrencies right now is a way to make money. Cryptocurrencies in our future will be something magnificent because it will appear in many places in order to make everything faster and better. We can buy things with cryptocurrency and learn new technology from the blockchain
member
Activity: 182
Merit: 12
Yes, bitcoin is a legit way of earning money. Though it is not as stable as your regular job(due to it's volatility) but it will pay you good profit in return however you have to be patient. Being patient is necessary because many risks are involved when investing in bitcoin. It's price may change every now and then in which case you must be accustomed to.
member
Activity: 406
Merit: 10
We all agree that it will be wrong to put all our investment and hope for money in one  place so investment in bitcoin is another way of spreading our investment.
sr. member
Activity: 812
Merit: 253
Yes Bitcoin is a way to earn money, I’ve concluded that it is what people are thinking and doing because not everyone are really using bitcoin for its real purpose, thus buying them to only earn profits. And I do get what the OP was saying, that came to my mind as well too before but I think there is really more to that.
newbie
Activity: 240
Merit: 0
Obviously bitcoin is one of the good ways to make money with such a high percentage of ROI. It is a currency which doubles as an asset and most of us in  the market are actually just investing to make money.
sr. member
Activity: 420
Merit: 250
yes, you can earn some money with it, if combine mining and trading then I guess it is possible to quit the regular job and earn money for living with it.
I personally know few people who did that way. I will not follow their path though, but I will continue to earn some money with the help of bitcoins as a side job.
newbie
Activity: 126
Merit: 0
me im still a student and finding some ways to earn money in such more easier way, then i find out about bitcoin so i immediately create an account and join. I learn step by step how it works then i put some time on it while studying and looking forward to earn more with bitcoin.
sr. member
Activity: 756
Merit: 251
Sovryn - 300-500% APY on USDT Deposit
I also think crypto is just another way to make money, at least until the goverment support the tech behind it. It's a normal situation because theres's not much adoption from the technology especially in developing country so a lot of people is in for the money, not the tech and what it's going to bring into our life. Maybe in a few years this few will change after we see the uses of blockchain in real life.
newbie
Activity: 168
Merit: 0
Yes, earning in bitcoin just another way to make money, That's I understand the question. Besides from your regular income that may comes from your salary or business, earning in bitcoin is just another way or in normal term it was an extra income for us.
legendary
Activity: 2100
Merit: 1058
Every trader or investor wishes to end up making profit after any transaction. The same principle applies to Bitcoin. It is another lucrative means to earn money. But there is more to Bitcoin than just investing into it. Holders and bullish like me, believe strongly that Bitcoin is the future. The era where most trading will be done with Bitcoin, both online and offline is yet to come. I suggest you read more into Bitcoin and you'll get to appreciate that there is more to Bitcoin than just investment.
I see reasons with the OP, but generally in the world, this is unavoidable. No one is supporting a project without expecting to get something from it and at the end the early adopters are always the ones with the chunk of it because they believed earlier while some just had to join at some point. The thing is everyone is here for the money, and that is the reason why we do business anyway, but that still does not change the fact that blockchain technology is the future.
legendary
Activity: 3276
Merit: 1128
There are many ways to make money, but where is the best place to make money? Now from all of us already know, in the presence of cryptocurrency we can make money much better than the income earned from offline work, that's how I feel. But anyway, we should not leave our offline jobs just because of bitcoin. Bitcoin for me is just enough to be an additional income and not the main ones.
I must say that there can be no other better way of making money as compared to that of making of money through any of the crypto currency and that investing of your money into any of the crypto currency is no doubt one of the best and the fastest ways of getting richer.

However, you need to do lot of home work before going for this as you can only do well if you are quite a learned man.
jr. member
Activity: 196
Merit: 1
To be honest yes, but would you also pursue with us that someday crypto will be use in our daily lives just like money? Like buying a pack of bread in a bakeshop?
hero member
Activity: 966
Merit: 515
One of the world's leading Bitcoin-powered casinos
My start with crypto/btc was that I invested a bit end of November last year. I had a few friends that told me about their small successes and how easy it was to just 'start'. It was indeed quite easy. I started to read and research into btc and every other relevant coin. Whitepapers, teams and such. Then I started to shift focus to the block chain, starting to get a grasp on what could be the future possibilities. I started to get real exited and invested some of my savings in a few projects with (to me) real potential. None of those projects appeared to be alive because of speculation only, mainly because they have a vision and actual plans.

So then I noticed that there are quite a few documentaries. I started to watch them all. A few from 2015, 2016 and 2017. I was disappointed to say the least. Everything was about bitcoin and the value/worth of bitcoin. It was about highs and lows, crashes and deceit. Only a few times the actual potential of the block chain was mentioned. Mostly it was about money.

Right now I am starting to feel like this is just a way to make money. Nothing more nothing less. You buy into btc or other coins and in no way are you really supporting the project, besides maybe adding to the order books at the exchanges with some minor effect until whales decided to take over. I sometimes have some sort of dishonest feeling, like the money I make through buying (and seldom) selling is somehow dirty as it comes from people that simply do less research, bail out or simply already had their take.

I started with high feelings of morality, being part of some new future where block chain would be the next internet. Right now it feels like a rat race where you have to grab as much money as possible before others take it before you or from you.

Not that I am ungrateful. I like many projects because of the team behind it that actually want to change the world. But if I look around me, it is mostly those that are in it to make money, a lot of money....and this money has to come from somewhere right (those that lose money)...

What is your take on this? Is this all a phase, part of how this game works?
In actual when I was in starting then I thought that it is that thing which will generate Money but after 5-6 month I seen that here everything is a type of money rotation , one person get lost his money and another make that money .
For example if we buy a coin at high price then surely another one will sell the same coin at profit and if market get dumped with more no. Of sellers then what amount of the buyers then that results into only loss of the buyer who bought at high price .
So I was thinking about 3 years ago that I should exit from this field where money rotation is a part of game of money making platform but at another side I thought that it is that field who steal money from my pocket also , so I will not leave this field until I will recover not my money back but also with lots of profit Cool
full member
Activity: 350
Merit: 107
Cryptocurrency is paving the way for a new kind of exchanges with utility tokens/coins as commodity. It has always been about losing and gaining money since ancient times. Everyday trades are about losing and gaining actually. When you buy something from the store, you lose money and the store gain profit. But you do get something in exchange for that money. In this world, it is cryptocurrency and many would rather chose it.
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