We are investing on bitcoin because we think it will gain massive adoption in the future, and since it has its fix supply that are slowly reducing, that would give great opportunity for the price to rise as the demand increases. We are not investing because it's profitable, we are investing because we believe on its potential to grow, think that you are investing in google or amazon at its early stage, and therefore you will get great reward in the future.
My investing in bitcoin and even altcoins are for long term, as I believe they will have a big place in this world, blockchain is a revolutionary tech, people will adopt on it as it brings real transparency among users, and government will soon regulate the crypto market, I mean fully regulate.
Topic: What are we really investing in bitcoin? - page 10. (Read 2310 times)
This is a concept that most appeals to me and many people, especially to cyberspace surfers and geeks (non-mainstream people) in the IT world. Meanwhile, the world economy is increasingly volatile. Evidenced by the American and European banking crises. The concept of its use is considered to prioritize privacy.
I go for a proper (not linked to governments) monetary system that works (widely accepted) and which also has an underlying asset with finite and scarce supply.
The fact it works makes it an asset with value and its scarcity makes the value rise.
The fact it works makes it an asset with value and its scarcity makes the value rise.
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A belief that currency system should be decentralized. The power to the mass people, to the crowed not to a central authority. A belief that I control my finance and never worry about to be robbed by a certified (so called) authority.
Is the service and profitability, even if bitcoin is highly volatile, are the only two reasons why bitcoin is attractive to investors? Any good opinions or answers? Thanks
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