To all of you who believe it's smart to "invest" in Bitcoin

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: Bitstar_coin on December 19, 2020, 02:52:04 PM

Anyone who is getting in btc at this price is fully prepared and aware of the consequences I presume, or they are noobs who are yet to understand how the market works,
The price of btc is very high and from now on it can go either way (up or down), if it continues to go up, then the person is at luck, but if it goes down then the person will hope it get back quickly and not react same as 2018.

The only thing I could think why someone wants to invest this time is planning a short term investment aiming to trade if the price goes higher but I say, they risk too much just for that small gain. The market isn't continuously growing they should be aware of the volatility on how the price goes up and down. If they plan like that they should be ready to watch the market 24/7 or else they would miss.

Bitstar_coin

hero member

Activity: 2478

Merit: 695

SecureShift.io | Crypto-Exchange

Anyone who is getting in btc at this price is fully prepared and aware of the consequences I presume, or they are noobs who are yet to understand how the market works,
The price of btc is very high and from now on it can go either way (up or down), if it continues to go up, then the person is at luck, but if it goes down then the person will hope it get back quickly and not react same as 2018.

Wysi

sr. member

Activity: 1638

Merit: 261

Quote from: Dsdaq on December 19, 2020, 10:43:03 AM

This is the best time to invest in bitcoin, because if you look at the number of institutional investors it just keep doubling almost every time you read the news. Which indicate a massive bull run by next Year. So this is the best time to invest before the rocket lunch.

It's good to see people and institutions realising the importance of bitcoin and investing into it but at the same time an average user needs to make sure he/she does a proper market analysis by considering both the profits as well as risks involved in bitcoin especially during bull run which might take bitcoin to unexpected surge level, at the same time it may end anytime leaving us in splits.

Just spare some more time before you invest because of institutions as they may cashout anytime but we are here to stay.

tradri

jr. member

Activity: 46

Merit: 1

Quote from: Tytanowy Janusz on December 19, 2020, 02:35:27 PM

Quote from: tradri on December 19, 2020, 02:02:02 PM

holding any sort of "currency" is generally speaking a bad idea over the long run, as currencies dont produce anything and only act as a means of exchange and therefore don't have a positive expected return over the long-run. If Fiat currencies collapse tomorrow, this doesn't mean that all wealth except Bitcoin will be wiped out, as there are many assets like stocks, bonds, real estate, etc.. that will be in demand even after a new currency has been established.

Agreed. Thats why I said that bitcoin is "one of few ways for not holding a "hot potato"", not the only one. There are many things but... most of them does not even hold value. And bonds are not safe during global reset (thats the debt that we will try to get rid of during global reset), stocks are not safe eather - you don't know how companies will perform during reset. Real estate are not easy to buy/sell without huge spread and time.

It's true that almost every traditional asset is going to be affected in a bad way when there is a massive economic downturn...it's called downturn for a reason. But I don't think Bitcoin is a hedge against that, and to back that up we only have to look at March, where Bitcoin crashed just like the stock market did, if not more...

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Quote from: tradri on December 19, 2020, 02:02:02 PM

holding any sort of "currency" is generally speaking a bad idea over the long run, as currencies dont produce anything and only act as a means of exchange and therefore don't have a positive expected return over the long-run. If Fiat currencies collapse tomorrow, this doesn't mean that all wealth except Bitcoin will be wiped out, as there are many assets like stocks, bonds, real estate, etc.. that will be in demand even after a new currency has been established.

Agreed. Thats why I said that bitcoin is "one of few ways for not holding a "hot potato"", not the only one. There are many things but... most of them does not even hold value. And bonds are not safe during global reset (thats the debt that we will try to get rid of during global reset), stocks are not safe eather - you don't know how companies will perform during reset. Real estate are not easy to buy/sell without huge spread and time.

tradri

jr. member

Activity: 46

Merit: 1

Quote from: kryptqnick on December 19, 2020, 12:39:41 PM

I've watched the video, it's well-made even though a bit boring. And it's true that bubbles get created and people start losing money. But I don't think Bitcoin is the same. There are just different cases. For instance, there was a time when Apple was very cheap because home computers weren't a thing, so investing in it back than would be a good idea. And Bitcoin has been around for 10 years, showing a constant overall upward tendency and growth of adoption, so it's not that risky to invest in it anymore. Bitcoin is the real deal, but of course it's possible to lose money investing in it, which is why one shouldn't invest what one cannot afford to lose. Moreover, the video is about stock and traditional economy, whereas Bitcoin is different in many ways.

yes, Bitcoin is very different in many ways and can't be compared to stocks 1 to 1. that may have its upsides, but also massive downsides. Bitcoin can't be considered simply a fad like a new technology from some no-name company because Bitcoin isn't developed by a company. This also has downsides, like the fact that it's decentralized. A decentralized system will always be slower than a centralized system, because the majority of the members have to agree on things to change (that's why governments are so slow, because the majority has to reach consensus). Bitcoin's development certainly falls vicitim to that. People don't want Bitcoin to become better/faster/more scalable, which is why numerous forks like Bitcoin Cash happened. Also from a technological standpoint, it's much more efficient for data to be handled in a centralized way than in a decentralized way, which is an obvious downside when you look at Bitcoin's transactions per second vs. the costs of its mining operations.

therefore, bitcoin can't be compared to traditional technologies developed by companies, but i don't know if that is a positive or a negative for its future success...

tradri

jr. member

Activity: 46

Merit: 1

Quote from: Tytanowy Janusz on December 19, 2020, 11:59:05 AM

Nice video but... we are in different economy age now. Sooner or later people will realize that. Its called hot potato game:

"Players arrange themselves in a circle and toss a small, round object (a tennis ball, an orange, or even a real potato will suffice) to each other while music plays. The player who is holding the “hot potato” when the music stops is out. The game continues until one player is left — that player is the winner" https://www.considerable.com/entertainment/games/hot-potato/

Change "a small, round object" with "fiat money", "music stop" is beginning of global reset and you have current economy explained. if we are talking about new technologies (alts) than yes ... 99% of them are evaluated 100 times more than they should, but since its bitcoin discussion thread I assume you target bitcoin evaluation here. Well its not "new technology" created by company that generates profit that is unpossible to estimate. Its 10 year old technology that was created by satoshi who left it long ago and is one of few ways for not holding a "hot potato"

holding any sort of "currency" is generally speaking a bad idea over the long run, as currencies dont produce anything and only act as a means of exchange and therefore don't have a positive expected return over the long-run. If Fiat currencies collapse tomorrow, this doesn't mean that all wealth except Bitcoin will be wiped out, as there are many assets like stocks, bonds, real estate, etc.. that will be in demand even after a new currency has been established.

tradri

jr. member

Activity: 46

Merit: 1

Quote from: MoreStamps.Global on December 19, 2020, 11:55:14 AM

Quote from: tradri on December 19, 2020, 10:45:22 AM

possibly... but it does have big risks attached to it, especially when you can't afford to lose a big chunk of your money.

People here also invest on this fact: Invest you can afford to lose. Besides, I don't think bitcoin is something where you investment will be wiped out to absolute zero. All you gotta do is wait!

Sure, there is always some money one can gamble with

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

I've watched the video, it's well-made even though a bit boring. And it's true that bubbles get created and people start losing money. But I don't think Bitcoin is the same. There are just different cases. For instance, there was a time when Apple was very cheap because home computers weren't a thing, so investing in it back than would be a good idea. And Bitcoin has been around for 10 years, showing a constant overall upward tendency and growth of adoption, so it's not that risky to invest in it anymore. Bitcoin is the real deal, but of course it's possible to lose money investing in it, which is why one shouldn't invest what one cannot afford to lose. Moreover, the video is about stock and traditional economy, whereas Bitcoin is different in many ways.

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Nice video but... we are in different economy age now. Sooner or later people will realize that. Its called hot potato game:

"Players arrange themselves in a circle and toss a small, round object (a tennis ball, an orange, or even a real potato will suffice) to each other while music plays. The player who is holding the “hot potato” when the music stops is out. The game continues until one player is left — that player is the winner" https://www.considerable.com/entertainment/games/hot-potato/

Change "a small, round object" with "fiat money", "music stop" is beginning of global reset and you have current economy explained. if we are talking about new technologies (alts) than yes ... 99% of them are evaluated 100 times more than they should, but since its bitcoin discussion thread I assume you target bitcoin evaluation here. Well its not "new technology" created by company that generates profit that is unpossible to estimate. Its 10 year old technology that was created by satoshi who left it long ago and is one of few ways for not holding a "hot potato"

MoreStamps.Global

copper member

Activity: 98

Merit: 0

Stobox: Securities Tokenization

Quote from: tradri on December 19, 2020, 10:45:22 AM

possibly... but it does have big risks attached to it, especially when you can't afford to lose a big chunk of your money.

People here also invest on this fact: Invest you can afford to lose. Besides, I don't think bitcoin is something where you investment will be wiped out to absolute zero. All you gotta do is wait!

tradri

jr. member

Activity: 46

Merit: 1

possibly... but it does have big risks attached to it, especially when you can't afford to lose a big chunk of your money.

Dsdaq

copper member

Activity: 122

Merit: 1

Dsdaq - One Bitcoin, Trade all assets

This is the best time to invest in bitcoin, because if you look at the number of institutional investors it just keep doubling almost every time you read the news. Which indicate a massive bull run by next Year. So this is the best time to invest before the rocket lunch.

tradri

jr. member

Activity: 46

Merit: 1

no reactions? lol Huh

tradri

jr. member

Activity: 46

Merit: 1

Here's a rational reminder: https://www.youtube.com/watch?v=UZnVt_CvL3k

Topic: To all of you who believe it's smart to "invest" in Bitcoin (Read 197 times)