So my question is.
Are you investing into Bitcoin purely as a investment?
Or are you investing because you believe in Bitcoin and the technology?
Back when Bitcoin started i feel people invested, because there believed in it, and wanted to see it change the world.
Now days i feel people only look at it as a way to make money, and don't really care about the future of it.
Whats peoples thoughts?
I think there’s some truth in what you say, and in the early days of bitcoin there were two groupings from what I understand - the cyber-punks developing bitcoin and libertarians on one side who believed in bitcoin as a new decentralised means of p2p exchange, and the pure investors on the other side who bought bitcoin as a asset. But I think both groups expected an increase in value, the first group because of the fixed coin supply and increasing difficulty mining and increasing scarcity value of bitcoin as more and more people used it which were all expected to increase its value relative to fiat - and the second group because they hoped to profit from an asset that would go up in value as it was used as money and if it became fashionable and an in-thing etc. And I guess those two camps still exist with today’s investors, with a group who invest in bitcoin understanding blockchain technology and believing in it and then the second group who just invest in bitcoin and crypto without understanding anything about it because they believe they can make large profits off it - but I think both groups see bitcoin as something that can appreciate greatly in value hopefully, and that neither group sees bitcoin the same as they do as with the dollars they have in their wallets which depreciate in buying value with each year as passes.
So tl.dr. I think we’re nearly all in crypto to make money, and some have a good working knowledge of blockchain but some don’t! And I think it is much better to understand the underlying technology and potential of crypto and blockchain and bitcoin and alts to give you strong hands when the market corrects and crashes, rather than just holding a crypto-asset you know nothing about when you’ve lost 50% on your investment!