Topic: Is your interest in bitcoin primarily tied to its price? - page 3. (Read 1144 times)
It's always the price that comes primarily, the uses and benefits are only secondary. I believe everyone comes here to earn and make more money through investments or even creating an income out from signature campaigns or other crypto jobs. When bitcoin price is no longer increasing and the demand drops so low, most likely a lot will also be leaving bitcoin, and that's a real talk.
Bitcoin price still makes me more interested about it. However, if you are really a bitcoin enthusiast, you will also come to realize and appreciate its volatility and security factors.
Everyone here will definitely focus on price at first, because it doesn't want to be naive that when someone jumps in and follows something then it is certain that profit is the most sought after thing from the start so even though there will be some people who say in terms of innovation or technology, profit and price must be a reference for people here.Now it will be the same where new people see bitcoin, surely the first thing that is glimpsed is price and profit, even though it seems that something like this is an inappropriate thought because in the end even though it becomes a benchmark but we don't want to see the risks faced, but indeed we also cannot deny that price is always an important element that is always glimpsed, especially for beginners today.
So it will be quite natural if in the end the price is always the initial benchmark for almost everyone who is in bitcoin, although the goal may change over time when we are really sure of bitcoin.
Is your interest in bitcoin primarily tied to its price?
I'm fascinated by bitcoin's price rise, so it's safe to say that bitcoin's price and volatility were the biggest drivers of my interest in bitcoin in the early days. Even now, I'm still interested about bitcoin prices, because who doesn't like money, and profits? But when I participated in this market long enough and spent time learning about bitcoin, I gradually became conquered by it not only in terms of profits but also in terms of use cases. If you care about privacy and financial freedom, you will find its decentralized nature truly irresistible.
That's why even though bitcoin is no longer volatile and profitable but still safe, I will still use it to a certain extent, even if not as much as now.
When you hear words like "HODL," "HALVING," "BULL RUN," you're left in no doubt that most members of the Bitcoin community like the cryptocurrency because of the prospect or hope that it could make them rich. I know it's made early adopters rich, but shouldn't there be other reasons to learn and use Bitcoin besides price fluctuations? Was this Satoshi's motive for the invention? Is price the most important driver of your interest in Bitcoin?
You absolutely know nothing about these words. Hodl was actually coin by mistake, the original writer wanted to use write hold and then mistakenly wrote "Hodl" and it became the legendary slang for holding Bitcoin. As for Halving, it indicates the reduction in the amount of mine Bitcoin miners get which is always every four years and lastly the Bull run is what every Bitcoin holder anticipate when halving take place as Bitcoin do pump during this time.
All this are just ways for Bitcoiners to give new investors some confidence that Bitcoin is indeed the best because historically, holding Bitcoin has never been a mistake and halving alwsys lead to bull run. If you have bought Bitcoin when it was trading around $16k when many people forget about this, people that bought are the people that keeps this in mind and today they are all in profit because they hope it will pump in the future.
When you hear words like "HODL," "HALVING," "BULL RUN," you're left in no doubt that most members of the Bitcoin community like the cryptocurrency because of the prospect or hope that it could make them rich. I know it's made early adopters rich, but shouldn't there be other reasons to learn and use Bitcoin besides price fluctuations? Was this Satoshi's motive for the invention? Is price the most important driver of your interest in Bitcoin?
I am 100% sure that almost everyone (~99% of bitcoin users) who became interested in it, first of all, became interested in this coin because of the potential profit (an asset that is becoming more expensive). I am no exception and I was primarily attracted by the possibility of speculative earnings, but the more I learned about bitcoin, the more I was intrigued by the “be your own bank” function and the financial freedom provided by this digital electronic currency.Price is no longer the most important aspect of btc for me. Bitcoin turns from an investment tool into something more (technical aspect) as you dive into cryptoindustry. Isn't it magic when you can transfer "value" from one point in the world to another in a matter of seconds (ok, minutes
)?If Bitcoin wasn't profitable, it certainly wouldn't be of much interest to many people. Even though technology has become more sophisticated and modern, if it doesn't have value, it will only be liked by people who have certain hobbies. I agree that the function and usefulness of Bitcoin itself is what makes me really like Bitcoin, especially seeing the price development which continues to increase from its initial launch until now.
Before I was just in the investment when the market goes up and I'm always late with the market trend and after goes with the experience you can now grab the opportunity every time the market dump and your goal is to wait for the all time high, but as per changing and adaptation of the society they are now widely spread the use of the crypto or the bitcoin is not only now with the investment or trades they are now use for accepting mode of payment which is more convenient you don't need to make a binding with your banks if you want to make your self anonymous and still want to make transaction no matter what part of the world you are.
If you are a criminal and use BTC for purposes such as money laundering or terrorist financing, it is true that using bitcoin will not guarantee the protection of your information because you will be closely monitored. But if you are just an ordinary citizen and just want to use bitcoin to enhance your privacy, it is very difficult for someone to detect you. What bitcoin offers is enough for the average person to protect their privacy.
That's not true. Anybody can do chain analysis. If you are not a criminal (or even if you are), then the danger of using the public ledger of Bitcoin is criminals.
Use Bitcoin if you want the possibility that all of the transactions you've ever done be exposed to anybody who ever wanted to discover them.
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Yes, bitcoin has matured and expecting to make x10, x100 profits from it is no longer feasible. But holding bitcoin long term will at least help you deal with inflation better than if you use fiat to deal with it.
Bitcoin fell by 66% in the past, too. Nobody can predict the future. Speculation can be fun, but never believe that "it can't go down" because millions of people have learned the hard way that isn't true.
When you hear words like "HODL," "HALVING," "BULL RUN," you're left in no doubt that most members of the Bitcoin community like the cryptocurrency because of the prospect or hope that it could make them rich. I know it's made early adopters rich, but shouldn't there be other reasons to learn and use Bitcoin besides price fluctuations? Was this Satoshi's motive for the invention? Is price the most important driver of your interest in Bitcoin?
I want to relate this your question to "marriage or finding a wife" and explain a concept with it. If I want to marry, I will marry a beautiful woman with good character(what Nigerians call wife material). But you will not know if a lady has good characters if you don't associate with her.First, the beauty attracted you to the woman before you discovered other good virtues. That is about Bitcoin. It is the price fluctuation that brought majority to bitcoin because we want high ROI. But many embracing bitcoin discovered other virtues of bitcoin apart from price increments and embraced bitcoin the more and these are die hard Bitcoiners. They'll never give up on bitcoin.
When you hear words like "HODL," "HALVING," "BULL RUN," you're left in no doubt that most members of the Bitcoin community like the cryptocurrency because of the prospect or hope that it could make them rich. I know it's made early adopters rich, but shouldn't there be other reasons to learn and use Bitcoin besides price fluctuations?
I have the intention to become rich from Bitcoin, and I also do not believe that it is only the early adopters that can become rich from cryptocurrency or Bitcoin because with discipline and strong practice to hold I believe that I can also become rich from investing in Bitcoin. Interest is also in the value of Bitcoin and I think that it is okay because regardless of whatever has brought us to bitcoin, the important thing is that we are together with this new innovation as we try to learn the other benefits that it can provide to us. 
I would say it is 50-50… The price action is half of the fun. The tech is the other half. Bitcoin is like a hobby which you would gladly do as a job. You are interested in the tech, and you are getting paid while holding.
I'm assuming you have a job related to the technical aspects of bitcoin....? Well, I sure as hell can't say that's true for me, nor was it the tech that drew me to bitcoin years ago. Frankly I wish I'd studied something computer science-related in college and maybe taken a course in cryptography, but that's all in the rear-view mirror.
But yeah, 50% of the fun (at least) is watching what the price of bitcoin does, and I absolutely love it when there are major spikes in either direction. If I had more skin in the game I'd probably be on vomiting sprees at least a couple times a year; since I don't, I have to get the biggest dose of vicarious panic/anxiety/euphoria/whatever I can from my fellow forumites.
And um, I'd like to mention that bitcoin can be used to buy things. There's not a lot of discussion about that anymore, but I like to see how the retail space is moving toward or away from accepting bitcoin (and yeah, I know there's a payment processor involved, but still). So there.
My interest in Bitcoin is the freedom from third parties, (Especially the government) and it's decentralized nature.
Price comes only second to that. If Bitcoin was a centralized technology, I would not invest in it, no matter how amazing the price.
Price for me is just a bonus because that is where place our buy and sell entry. What I really like about Bitcoin is it's decentralization, future proof, inflation proof and more. I am tired of what has happened to the current fiat currency I have here in my country due to high inflation rate depreciation is at it's best, so much better to hodl Bitcoin or convert fiat to Bitcoin for future purposes. Price comes only second to that. If Bitcoin was a centralized technology, I would not invest in it, no matter how amazing the price.
When you hear words like "HODL," "HALVING," "BULL RUN," you're left in no doubt that most members of the Bitcoin community like the cryptocurrency because of the prospect or hope that it could make them rich. I know it's made early adopters rich, but shouldn't there be other reasons to learn and use Bitcoin besides price fluctuations? Was this Satoshi's motive for the invention? Is price the most important driver of your interest in Bitcoin?
Bitcoin is not built on a stable coin potential rather than fluctuations which is volatility.This means holders are directly holding it for profitable opportunities but on a risk note due to its volatile potentials.
Literally that is part of Satoshi's motive but the primary aim of developing Bitcoin was on a motive of owners being in charge of their funds on a decentralized technology I know for Bitcoin Blockchain basically used for P2P transactions as means of payments where it is globally accepted as a uniformed currency.
Also, another generous motive was for the Bitcoin technology to serve as hedge to values against economy inflations and financial devaluations.
When you hear words like "HODL," "HALVING," "BULL RUN," you're left in no doubt that most members of the Bitcoin community like the cryptocurrency because of the prospect or hope that it could make them rich. I know it's made early adopters rich, but shouldn't there be other reasons to learn and use Bitcoin besides price fluctuations? Was this Satoshi's motive for the invention? Is price the most important driver of your interest in Bitcoin?
I am 100% sure that almost everyone (~99% of bitcoin users) who became interested in it, first of all, became interested in this coin because of the potential profit (an asset that is becoming more expensive). I am no exception and I was primarily attracted by the possibility of speculative earnings, but the more I learned about bitcoin, the more I was intrigued by the “be your own bank” function and the financial freedom provided by this digital electronic currency.Price is no longer the most important aspect of btc for me. Bitcoin turns from an investment tool into something more (technical aspect) as you dive into cryptoindustry. Isn't it magic when you can transfer "value" from one point in the world to another in a matter of seconds (ok, minutes
)? 
I know it's made early adopters rich, but shouldn't there be other reasons to learn and use Bitcoin besides price fluctuations? Was this Satoshi's motive for the invention?
No. It’s not news that bitcoin was started because Satoshi wanted a decentralized currency. I don’t think it was about profit nor did I think a lot of people thought of it that way at first. The first person to realize bitcoin’s potential value is a smart person.Quote
Is price the most important driver of your interest in Bitcoin?
I am not going to lie and I will say yes. I stumbled upon bitcoin because people pointed it to be money-making success but over the years I realized how many other ways can I use bitcoin. So while I appreciate the profit I get from bitcoin, I would still remain a bitcoin enthusiast even if I wasn’t particularly holding for profit.
The price tag behold Bitcoin is actually one of the major reason why most person are investing in it today. Thou other Bitcoin investor also value the system because of how decentralized the stuff is. Note that, there are also other many reasons why people should invest in Bitcoin not only focusing on the price tag.
When you hear words like "HODL," "HALVING," "BULL RUN," you're left in no doubt that most members of the Bitcoin community like the cryptocurrency because of the prospect or hope that it could make them rich. I know it's made early adopters rich, but shouldn't there be other reasons to learn and use Bitcoin besides price fluctuations? Was this Satoshi's motive for the invention? Is price the most important driver of your interest in Bitcoin?
The concept of "Bullrun"existed even before cryptocurrencies and was used on Wall Street, and meant the same thing that it means now. That's why there is a statue of a huge bull there. But the concept of "Hodl" appeared in cryptocurrencies, I don’t know exactly where it came from, perhaps due to a typo by some guy on the forums) but in general the world of cryptocurrencies already has a really huge stock of its own jargon and buzzwords.
As for me, when it comes to holding an asset, it is easier for me to carry and transact with Bitcoin, and when it comes to something I can transact with without revealing anything about me to a stranger, I choose Bitcoin.
That's a really bad idea. Bitcoin is a public ledger. That means all transactions are available to everybody on the Internet, including hackers, criminals, governments, even your spouse if he/she knows the right tools
. Although the transactions themselves don't have your identity, transactions can be "triangulated" e.g. compared to known endpoints--in a sense, it's like tracking your IP address.If you are a criminal and use BTC for purposes such as money laundering or terrorist financing, it is true that using bitcoin will not guarantee the protection of your information because you will be closely monitored. But if you are just an ordinary citizen and just want to use bitcoin to enhance your privacy, it is very difficult for someone to detect you. What bitcoin offers is enough for the average person to protect their privacy.
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And when I want something I can hold and gain profit from, why hold and try to save myself with the hard inflation hitting my country's economy? I also prefer Bitcoin.
Bitcoin is great, but you'll never see 100x returns from a Bitcoin investment. For that kind of action you need to get in early with newer memes than "Bitcoin", which is very mature now. (If you only want to play around with a few dollars, I'll offer a shameless plug for my own project which is going after the "low end" of memecoin investing).
Yes, bitcoin has matured and expecting to make x10, x100 profits from it is no longer feasible. But holding bitcoin long term will at least help you deal with inflation better than if you use fiat to deal with it.
[...] if Bitcoin wasn't decentralized I don't think the project would've gone this far, the government would've messed up the whole concept and many investors would've abandoned it.
That's simply not true. The US government and all of the others could have made Bitcoin illegal (like they did in something like 2 countries in the whole world) and while Bitcoin would have technically "survived", it would still cost $0.10 for each Bitcoin and nobody would have heard of it.
Bitcoin is legal to buy, sell and hold in almost anyplace in the world, and there is no government that is "after Bitcoin" except a tiny few.
Bitcoin's decentralization had nothing to do with Bitcoin's price rise, at least technically. It certainly helped build up the hype and mythology, but the fact is that most holders of Bitcoin do so with a centralized broker or app that has KYC and all of that (and now there's even the ETF).
Real, mainstream investors want safety, not excitement. If you are investing a large part of your life savings on an instrument, you don't want the "excitement" of being able to accidentally throw it in the trash, or have somebody rob you at gunpoint and take it.
My interest in Bitcoin is the freedom from third parties, (Especially the government) and it's decentralized nature.
Price comes only second to that. If Bitcoin was a centralized technology, I would not invest in it, no matter how amazing the price.
I've seen that different Bitcoiners have their various interests in it, some pictured it as a store of value, it's decentralised nature like you mentioned attracted some, while some, cause of fast transaction speed for business and so forth, whatsoever. Well, priced might have come second to you but I feel lots of people at the early stages adopted Bitcoin when the price surged high from it's initial price when it was created most people never bothered about getting too familiar with the technology but the volatility is what attracted lots of adoption by the majority and to be honest if Bitcoin wasn't decentralized I don't think the project would've gone this far, the government would've messed up the whole concept and many investors would've abandoned it. Price comes only second to that. If Bitcoin was a centralized technology, I would not invest in it, no matter how amazing the price.
My interest in Bitcoin is the freedom from third parties, (Especially the government) and it's decentralized nature.
Price comes only second to that. If Bitcoin was a centralized technology, I would not invest in it, no matter how amazing the price.
Price comes only second to that. If Bitcoin was a centralized technology, I would not invest in it, no matter how amazing the price.
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