Topic: What are we really investing in bitcoin? - page 9. (Read 2310 times)

Looking at the crypto ecosystem currently, a lot of people in the Bitcoin market are just there because Bitcoin has the tendency of making them double any amount they invest into it. Just a few people are in the Bitcoin ecosystem for the service the bitcoin blockchain provide. People are just investing because of its profit potential rather than being interested in the service it provides. 

Although the profitability of bitcoin is its selling point, that's to say, the reason most new comers are picking interested in investing in bitcoin. We do have those who aren't here for the profitablity but here for the freedom bitcoin offers. The freedom from authorities, bankers etc. The freedom from someone dictating when to access your funds and how to spend it etc. Bitcoin is the future of money and what better way to invest you fund then investing in the future (bitcoin).

Uhm, they are running away from tax. Yes, tax evasion, specially government officials.

What answer are you looking for here? The optimistic one or the pessimistic approach?

Some made it as just mere savings because they dont have access to any other possible way or it could be dirty money. New ones are pulled in bitcoin because of the recent bad shape of ICO's. We have our own reasons, it ends up how you will make something out of it.

The thing is that there are two sides unto a new coin. Various investors got in for reasons and one prominent reason was to make more money (moreover, that what all investors do- stocks, collectibles, future markets etc. And there is the other side that contain the tech savvys. But basically, whatever anybody is doing, they're in for the money.

Bitcoin investments do not reap with dominance and tax on our savings compared to banking system new rules if we save 2787 USD or more than that in our bank, we need to pay tax. There is no better interest but we require to pay tax for our money which we earned after paying tax to the government 

Indeed it is the profitability for most of us.  For an ordinary individual at least it is very attractive to see a possible way of getting profit in a technology at its early stage.  Even if lots of us said that it is the technology they are investing, without the idea of getting profit, they won't even pay attention to this technology.  Technolology, adoption, marketplace, they all point to one thing, advancement and profit.  So, I believe that is what majority of us is investing in Bitcoin.

the certainty that BTC can be sent without intermediaries regardless of its value is one reason we are investing. this would sound very unreal even to myself but if i can send funds to someone out there without the need of a bank i guess is worth getting into. but of course that is hypocrasy because i meant profit all the time. aside to decentralization i would also assume the rest are here for money though which is why we really are investing.

Peoples are getting interested to invest or using bitcoin as their payment method for couple of reasons. I am gonna provide some of them for you here;

1. Bitcoin is running by worlds most secure blockchain technology.
2. Its Users are able to make hassle free transaction just in one click with lightening speed.
3. It gives us complete freedom for storing our funds where you don't need to worry about account limit or yearly service fee.
4. No one have got the power to control its price and its users have enough trust on this matter.
5. Community means a lot for any coin where bitcoin has got the largest one.

1. Time
2. Money
3. Believes.

But as well, if we speak of Bitcoin as digital gold, we would like to remind all users one thing gold and BTC have in common.

Few hundreds of years ago, years before banknotes were introduced, the gold had its "common" value. So then no matter if you had a golden coin from England, Spain or Germany, you could use it for payment ANYWHERE. Because gold was common and regarded as something having real value in the whole civilised world, independent from decisions of monarchs, politicians or banks.

This is one of the main ideas behind Bitcoin.

If you're a person that just heard about bitcoin, I think the first thing that you will hear is the price. And from that they would start asking questions about it's legitimacy. Next, information about decentralization, anonymity will come along.

There are different kinds of people that have different expectations from investing in Bitcoin. For example, some people invest in Bitcoin just for making profit. On the other hand, some people use Bitcoin as currency on Bitcoin-accepting places.

Investors mean profit. So when you talk about investment, majority of the investors invest to get a good amount of profit. There's nothing else come to their mind! Investors literally don't care about the belief of a decentralized economy or whatever revolutionary thinkings! Investors mean money and its pseudo anonymity help them to keep a check on their due taxes!

Many of the holders of bitcoin believed that in the near future it will become the world currency. In which most of the merchants all over the world now together with the big companies are also adopting the concepts system of blockchain technology where bitcoin was being created.
And now Bitcoin was already being used as mode of payment in online transaction, and for sending money and give savings for the future too.

I would say that   hmm the transparency and the decentralised nature of this currency is the reason why I am after it.

There is this weird though that always runs on my mind whenever I see my Instagram account of FB account. There are so many people who post there day in and day out activities and this technology gives you such a huge opportunity to stay anonymous at a large extent.

You might be thinking why am I posting it here, the main reason is there is complete transparency that which address has how many funds/from where the fund were sent/where currently the funds are and all. But, If I get paid in crypto to my wallet and trade or hold it noone really knows How much I hold as a individual.

In simple what I feel is in this dramatic(fake) non-anonymous world there is some technology that has both transparency(opposite to fake) and anonymity. That is it has required amount of freedom for everyone.

Hope I could convey my thoughts properly.  

Because it isn't. Volatile. Zoom out and see the graph, it is steadily going up, slower with the pass of time.  If you buy today, wait a few years or so. Then you'll understand.

Short term is useless except for traders. Don't pay attention to the little fluctuations you see from week to week or even months, you have to look at it at years, and perhaps decades.

Bitcoin is valuable because its secure, AND uncontrolled. Its rules are defined in code, not by some politician or banker whim. Which is why its price on the market float freely, its a proof of its freedom. Be wary of altcoins that artificially peg their price to something else, because there is something going on, as with any fiats that have done the same in the past (with dire consequences).

Did you know: The Venezuelan bolivar (VEB) was "pegged" to the USD to around 1 600 Bs in the year 2004? Do you know how many of these would it be today for 1 USD? 2 100 000 000 000 *.

* 1 000 VEB = 1 VEF (2008), 100 000 VEF = 1 VES = (2018).

The current monthly wage for a full time 8/hrs 5~6 day/week job is equivalent to 2 USD.

And some say bitcoin is "volatile", from 0 to 10k in 10 years while the State backed bolivar lost 8 zeroes... And people trust States and banks, because they have never lived hyperinflation or bank runs in their "perfect" run free market economies... America had their little house bubble pop in 2008, yet they didn't had their fiat lose 8 zeroes in the very same time span... Perhaps they would have, if socialists had their way and the State assumed everyone's debt.

Of course, an Austrian economist would oppose bailing out the banks, let them go bankrupt, rather than helping them, which is a form of State intervention out of "fear", which is what made the bubbles form and pop in the first place, the mistaken Chicago school they keep following like dogma, the same that fears deflation and promotes debt...

Bitcoin is the only coin on the market that is really worth something, including the attention of investors

So.much reason why bitcoin is attractive to everyone and the reason is the it lucrative and store of value as everyone is willing to be reach in no time cos btc in 10years now will be an amazing things that has ever happen to manhood's , and for this reasons , many are willing to buy at a rate they feel will still give them profit in short time and sell if there is evidence of bear to cash out .

Bitcoin can be anonymous, but it isn't by design. There are a number of methods you can go through to increase your chances of remaining anonymous whilst using bitcoin, but these are of varying complexity and many users don't do this. If you are using bitcoin addresses which have ever been linked to your real identity (because you've completed KYC on an exchange), then you are not anonymous and the government can detect that fairly easily. Exchanges are being forced by governments to hand over details of their customers' trades, deposits, and withdrawals, meaning the government can then use blockchain analysis to track down your other addresses and activity. Unfortunately governments very much can still restrict people by banning exchanges from various countries and forcing mandatory KYC requirements. If you are using bitcoin as a means to avoid tax, unless you are taking additional steps to hide your identity, you are going to have a bad time.

Using a proper mixer such as ChipMixer is good step to take, but if you want to be fully anonymous then you are probably looking at running your own Monero node over Tor and not using bitcoin at all.

Interestingly from investing in Bitcoin, for me is a taxable income. The government can not detect and can not restrict people to trade and invest.

Many people have become wealthy in this industry. And with the growing popularity of Bitcoin, now the government is starting to suppress Bitcoin. But back again that the government is still doing research because Bitcoin cannot be regulated.

I personally strongly believe in investing in Bitcoin. This technology will probably become increasingly popular in the future and start working with the Bank.

Yeah I think this are the two major reasons why many are interested in btc, other reasons don't hold so much value in my opinion, many people don't really look at the technology aspect of it but monetary value and what they can gain within a  short period of time, if the technology were to be a priority, price volatility will be reduce.