What are we really investing in bitcoin? - page 6.

chaoscoinz

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Quote from: eagle10 on September 16, 2019, 02:44:22 AM

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

No, I believe that Bitcoin was a proof of concept for the Blockchain, the real innovation behind the scenes. Bitcoin shows how a publicly distributed ledger was the next wave that would disrupt finance and accounting as we knew it.
A transparent ledger on a digital platform that pushes its userbase to participate, rewarding those that contribute keeping the chain running.
It was made open source, as to encourage experimentation, which has lead to expansion.
I like to think of it as an idea that we're investing in, one that had a proof of work to sustain its validity.
Just my two cents! Tongue

alexsandria

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It is because of everything bitcoin can bring to the table. Yes the primary reasons are because of the profitability of bitcoin that major investors have seen, it's volatility. But the other things, such as its decentralization, as a payment system, its characteristics as a whole. Its innovation, the way many of the companies adapting it, and it is, on some angles, better than banking.

qwertyup23

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Quote from: eagle10 on September 16, 2019, 02:44:22 AM

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

Its face value and price on the market.

The reason on why gold and bitcoin are being compared to each other is because of the demand of the people on such. People are willing to buy bitcoin/gold on a price due to trends on investments. There are also people who are unknowledgeable about bitcoin but they purchase on such due to its volatile price on the market that may either be a short or long-term investment.

To be honest, most are overlooking the potential of the technology behind bitcoin- which is the blockchain technology.

NathanJB

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Quote from: eagle10 on September 16, 2019, 02:44:22 AM

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

The top reason really is not even two. There is only one reason why Bitcoin is being chased after. It is not because of what you call as service; it is obviously the profitability. It is true that others are buying Bitcoin to make use of it, but this group of Bitcoin investors are even less than one percent of the total population of Bitcoin community. The remaining 99% are buying Bitcoin because they believe that their hopes of getting rich, of making big profit, is in Bitcoin.

Alert31

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Simply because it is decentralized and nobody can stop you for using it aside from the countries that bitcoin and other digital currency is not allowed or illegal. Second because bitcoin is profitable enough that's why we should keep on believeing in bitcoin no matter what happen to the market.

bright4mech

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Bitcoin is a digital asset, which is acceptable globally, hence bitcoin investment is majorly for a profitable business after a long time investment. Having say that, Bitcoin is simply means a financial freedom easy to buy and sell.

Blackdeath

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Quote from: eagle10 on September 16, 2019, 02:44:22 AM

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

Different people have different interpretation when it comes to bitcoin. I think those two reasons that you have said is not the only reason why bitcoin is attractive to the investors. Though being profitable is one of the biggest reason why they are supporting the crypto currency.

Dread Pirate Roberts

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Quote from: eagle10 on September 16, 2019, 02:44:22 AM

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

Bitcoin is a digital asset. which can be exchanged and real currency with an exchange rate that can change very drastically. and many people take that as an advantage. and not a few also even lose the value of their assets. those are the decisions of the asset holders themselves. and for now this digital asset has been considered as an investment asset that can be used at any time for payment alternative.

diazepam666

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There are many reasons to choose the bitcoin as investment because this is asset where you can use to complete on internet medium. I do not any asset apart from cryptocurrency there is such option.
Then you need to know its volatility and demand what they have for the bitcoin.
Finally its circulation and volume on the exchanges are toppest reason of it.

coin-investor

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Quote from: eagle10 on September 16, 2019, 02:44:22 AM

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

I used to look on profitability when I first bought Bitcoin, but after studying and learning how to use and transfer and running a wallet I realized it's uniqueness, I am a long-time user of Paypal but they have a very long process of verification and so many questions about your funds, something that is not present on Bitcoin, it's decentralized anonymous and companies are now accepting it.
I'm glad I'm on it, this early but still, so many things to explore about Cryptocurrency, it's now part of my life and I glad I adopted it.

Lorna111

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We invest in bitcoin because of its portability and the wide coverage of usage. Considering that it's a worldwide platform, I like the fact that you can carry it anywhere around the world to play with your funds. It's like you are having your own bank, or in other words, you are the bank. Internet is growing fast, so as these kind of platforms.

aioc

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Quote from: eagle10 on September 16, 2019, 02:44:22 AM

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

Both and everything good thing that comes with it, I like it because you can carry it anywhere around the world, you only need internet to interact with your funds, there's no centralized system that governs your funds, you are your bank and you can move it anywhere.

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Quote from: eagle10 on September 16, 2019, 02:44:22 AM

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

No entermediate like governments and we can freely use our money worldwide amywhere in the world as long as you are online and we can send money directly to our costomer or love one’s freely and easy. I have a big bilieve that cryptocurrency will gonna replace fiat money in the future.

The most reasons for me that we invest in bitcoin because of the freedom to use online that is easy to access anytime as long we have an internet. Also the fact that we can earn money from it, our money can grow so it has indeed many features that attracts me to invest in bitcoin. With that you mentioned to replace fiat in the future is doubtful to me because there are other citizen doesn’t know bitcoin, perhaps I think of more adoption of bitcoin in the future.

marcuslong

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I think we are investing in bitcoin because we are hoping to earn. Many invest here because bitcoin is one of the best long term investment coin. And some people uses this to transact anonymously. But I don't think that's their reason to invest in bitcoin.

mascherono

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No especial reason I see. The only reason is bitcoin much more popular among all users. In other words, there is a great chance of earning money investing in bitcoin. So people are interested in it.

teosanru

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Quote from: eagle10 on September 16, 2019, 02:44:22 AM

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

A very few people are investing in bitcoin and their sole purpose is to park a certain amount of money which they can afford to lose into an asset which has proven to be highly profitable in past. Only 1% of those who are investing actually know and trust the technology behind bitcoin and these are not investing to get rich instead they are here to make it mainstream one day and look for mass adoption. Rest of them are people who read HODL everywhere and do so and then read SELL everywhere and sell. I don't think these people are even getting anything. Bitcoin is attractive to 99% merely because of profitability. Most of the folks are here to get rich.

NewBet

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Quote from: fitty on September 28, 2019, 10:08:09 AM

Quote from: eagle10 on September 16, 2019, 02:44:22 AM

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

The two are one of the key factors why bitcoin is attractice to investors,anonimity is one too.There are some people I know that uses bitcoin just for transaction and not for profitability in trading,we have our own reasons on why we are investing into such thing

indeed, one of the original attractive features of Bitcoin was the anonymity it provided to criminals and drug dealers on the Silk road to deal drugs without getting caught by government agencies.

fitty

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Quote from: eagle10 on September 16, 2019, 02:44:22 AM

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

The two are one of the key factors why bitcoin is attractice to investors,anonimity is one too.There are some people I know that uses bitcoin just for transaction and not for profitability in trading,we have our own reasons on why we are investing into such thing

fiulpro

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If a person is doing trading not just holding the Bitcoins for a long time then that person can easily earn a lot daily , the price volatility makes it more profitable and at the same time it can send overseas money with considerably low fee .

It may be volatile but this is the exact same thing that attracts the investors.

tetyulfania

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Get much profit is the goal for investing in bitcoin, bitcoin have fluactive price every time and we get moment when have to buy or when have to sell for earn profit with bitcoin price.

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