Is this basically just another way to make money? - page 29.

Procopiogamscrypto

newbie

Activity: 210

Merit: 0

Quote from: DikkieD on February 21, 2018, 07:44:53 AM

I did get several interesting answers though Grin

.

My question - or at least the dilemma I am having - is that it mostly seems like it has only one goal and that is to make as much money as possible. But for people that are just getting in it may be confusing because they perceive it as the biggest innovative change of recent years just like I did.

Right now I kinda feel disappointed that to 99% of people invested into crypto it seems to be nothing more that a source of income. A 'get it quick while the party is over' kind of thing.

Basically, yes it is , we can't deny that the common goal of all crypto seekers and investors FOR NOW is to earn income or gain a profit , in which it started when the value of crypto currencies is getting high or rocketed.But maybe some people used it purely for buying and payment transactions

djgtr

sr. member

Activity: 951

Merit: 250

Quote from: danjonbit on February 22, 2018, 11:43:50 PM

Quote from: DikkieD on February 21, 2018, 03:31:02 AM

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

Can't get yout point, but all what we do here is for money, we invest in ICOs to have more proift (more moeny), we did promote an ICO to get paid (for the money), we did trade its because we want more money!, even in our everyday life, we do to get money! so its not just another way to make money but cryptocurrency is the MONEY! hope y'all get my point.
cheers!

Yes Its right we can make income in cryptocurrency especially bitcoin just simply participating the event coming from forum activities.Theres a lot of finding income not only in crypto, but the question is how long you have an income if your not a crypto member!As far as I know if you joined the crypto world many possiblities will happen not only for the huge income but on how you change your personality as a person and responsible enough by doing a postive post.

Glorypaasa

full member

Activity: 420

Merit: 100

emezh10

hero member

Activity: 826

Merit: 501

Quote from: FutureToken on February 21, 2018, 06:04:37 AM

There are a lot of businesses people get into just to make money. They way they do it and how ethical they are on the way to success is yet another issue.
Generally the more people are interested in btc, the more development etc and the more adoption with time so I wouldn't necessarily see it as a bad thing.

Another thing is all the scams and ponzi schemes that continuously pop up. Not only people lose money but the reputation of crypto's is being damaged even though it's not the crypto's fault.

It is quite given that in reality there is a lot of opportunities for us to earn in the outside and in the system of cryptocurrency. The thing is it is still up to us if we are going to see it as an opportunity and chance for us to earn and to gain profit. Because it is much more need our action and our support for us to initially make the most out of the given opportunity Bitcoin can give to us.

lynlyn

member

Activity: 243

Merit: 10

Quote from: Singbatak on February 22, 2018, 11:24:07 PM

For me, there are many ways to make money without too much effort. Try to research and read about that. You should become hardworking to achieve your dreams.

Yeah we can make money without much effort but in a small amount only but in cryptocurrency if we have an effort to do so we cam achieve alot of income just give your effort and time.We cn get money from cryptocurrency and it can be relevant to all of us its because everything is possible in crypto world.

CarnagexD

sr. member

Activity: 1498

Merit: 374

Leading Crypto Sports Betting & Casino Platform

Quote from: zenrol28 on February 21, 2018, 06:29:17 AM

Up until now, blockchain's full potential has not been used. It was just last year when bitcoin and blockchain technology boomed so strong. It may look like it's just for the money for now, but someday (i hope it'll be this year, but it's not) we can see this technology in our day to day living.

If we are going to used the block chain system as a legal system n transaction in a specific country that could supported by a government I think it would help to lessen the corruption but it would not entirely end the corruption becsse there are still ways for people who uses Bitcoin to deal with hoarding of Bitcoin to somehow manipulate it's price in the market.

JesusCryptos

full member

Activity: 714

Merit: 117

You are having a deep insight on the absurdities which have engulfes this very good idea - Bitcoin & the blockchain - transforming it into a giant Luna Park which is little more that a hybrid between a casino and a musical chair game. All ideal visions of decentralization and democratization of the process of generating money are now engulfed by this new gold run where everybody has just the same sentence in mind: "I WANT THE MONEY! I WANT THE MONEY!"

YzzyGo

newbie

Activity: 196

Merit: 0

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 crypto.

A L I E N

legendary

Activity: 1358

Merit: 1000

We are still not exactly aware of the potential of the blockchain and cryptocurrency. These technologies will change the world and finance sphere. We will see it within th term of about 10 years.

slashz9

full member

Activity: 1554

Merit: 101

yes I think so too because from the early year bitcoin came out let's say 4 years ago until now I see almost the same graph. the beginning of the year its price will crash then mid to late year its price back up.
yes I think this is how this game works Grin

danjonbit

full member

Activity: 364

Merit: 101

DanJoN

Quote from: DikkieD on February 21, 2018, 03:31:02 AM

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

Can't get yout point, but all what we do here is for money, we invest in ICOs to have more proift (more moeny), we did promote an ICO to get paid (for the money), we did trade its because we want more money!, even in our everyday life, we do to get money! so its not just another way to make money but cryptocurrency is the MONEY! hope y'all get my point.
cheers!

OriginTrain

full member

Activity: 406

Merit: 174

I agree completely with you OP. It is not good to see how investors only discuss the day-to-day price value of the charts, without thinking why the price charts move up and down. They move down because the quality of blockchain is not where investors expect it to be. There have been scaling issues, a lot of scams, investors heavily over-valuing worthless ICOs. Most investors ignore these things without looking at the actual tech itself.

To answer your question, this is the way things will be until the market goes through its proper crash (this dip isn't the proper crash yet). After that, people will look more at fundamentals and less at useless TA.

Singbatak

full member

Activity: 434

Merit: 100

For me, there are many ways to make money without too much effort. Try to research and read about that. You should become hardworking to achieve your dreams.

qwertyup23

hero member

Activity: 2268

Merit: 789

Quote from: zenrol28 on February 21, 2018, 06:29:17 AM

Up until now, blockchain's full potential has not been used. It was just last year when bitcoin and blockchain technology boomed so strong. It may look like it's just for the money for now, but someday (i hope it'll be this year, but it's not) we can see this technology in our day to day living.

Agree. I mean, people would exhaust all of the said means in order to earn alternative income. This mindset has been going around for like eternities as having money gives you the capacity to own/buy things. Now, investing into cryptocurrencies or doing services may give you the potential of earning large amounts of profits as compared to other types of investments. But the problem is, with high-reward comes with high-risk. That is why whenever you invest into cryptocurrencies or any instrument, consider it as the money that you are willing to lose.

Quote from: Carmen01 on February 22, 2018, 06:19:04 PM

Yes we can think that really happen but always think also digital currency create for an easy and to save our money with private key like own bank so don't rely and prepare yourself if crypto is for knowledge only in the future like we can't earn here anymore but still enjoy crypto now like do hardwork for big earnings.

Adapting into a digitalised currency may be the ideal form of payment since electric transactions are very convenient. But the problem is, adapting this kind of method would mean chaos for some underdeveloped countries as their level of technology is not compatible as compared to developing/developed countries. Maybe in the inevitable future, bitcoin may be the avenue towards this form of idealism.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

jo123

newbie

Activity: 126

Merit: 0

Yes it does. In this days it's all about finding job to make money and put the most of it, if you don't have that enough experience and skills it's hard to find good one. And this bitcoin is giving everybody hope to earn money in much easier way so basically for me bitcoin is another way to make money today.

exstasie

legendary

Activity: 1806

Merit: 1521

Quote from: DikkieD on February 21, 2018, 03:31:02 AM

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.

There's no way around it: The volatile cryptocurrency market cycles (including Bitcoin's) are driven by speculative hype, not usage or utility. The BTC chart reminds me of commodity boom-and-bust cycles, where significant divergence from the cost of production indicates a "bubble." A return to the mean always follows. In between, lots of winners and losers are created. In fact, most traders lose money. They buy near the top out of greed and sell near the bottom out of fear.

In the long run, we (as cryptocurrency investors) may all be winners. But in the shorter term, trading is generally zero sum. There's always someone on the other side of the trade, and your profits are derived from their mistakes. This is the life of a trader or investor.

Quote from: DikkieD on February 21, 2018, 03:31:02 AM

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.

If blockchains are the next internet, then these speculative cycles must continue. That's the nature of a limited/deflationary supply. Early adopters know that if Bitcoin usage becomes mainstream, that there are very few coins to go around. You have to expect greed in that context.

Kidmat

sr. member

Activity: 774

Merit: 250

Quote from: paulo1210 on February 22, 2018, 08:11:15 AM

Is this basically just another way to make money? Well my answer to your question question is yes. Its just another way to earn money. This can help you a lot. Bitcoin is not just bitcoin. It can help you socially. And it can help you on finances, daily needs, schooling or whatever its is you need to use of money. You can also invest here. But it takes time.

Agree, it takes time to earned with effort and determined to have the profit that you wanted in cryptocurrency. Most users invest in bitcoin because of the profit that can get in a period of time. Bitcoin could help a lot of users even price is unstable still many users invest.

Carmen01

full member

Activity: 294

Merit: 101

Streamity Decentralized cryptocurrency exchange

Yes we can think that really happen but always think also digital currency create for an easy and to save our money with private key like own bank so don't rely and prepare yourself if crypto is for knowledge only in the future like we can't earn here anymore but still enjoy crypto now like do hardwork for big earnings.

paulo1210

newbie

Activity: 40

Merit: 0

Is this basically just another way to make money? Well my answer to your question question is yes. Its just another way to earn money. This can help you a lot. Bitcoin is not just bitcoin. It can help you socially. And it can help you on finances, daily needs, schooling or whatever its is you need to use of money. You can also invest here. But it takes time.

Topic: Is this basically just another way to make money? - page 29. (Read 2726 times)