Why Bitcoin Could Be the Best Investment of the Century - page 2.

The Sceptical Chymist

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Quote from: BillyBobZorton on August 05, 2015, 11:47:11 AM

Sometimes is good to be considered crazy.
If you held Apple stocks back in the time and said you would hold long term = you are crazy.
If you held ColaCola stocks back in the time and said you would hold long term = you are crazy.
If you held Berkshire Hathaway stock and you said it would reach 200.000 per share in the next decades = you are insane and put into mental institution.

We Bitcoin visionaries are considered insane now, but as always, we'll be "investing geniuses" in 10 years time.

Talk about cherrypicking examples and then making a huge, illogical leap of faith.

bornil267645

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AltoCenter.com

Investments made easy

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Suppose you are looking for small business startups to invest your money. Finding a new business looking for investments is easy, but the associated paperwork can be a pain. On the other side, Bitcoin can offer a simple solution. Just use the QR code to make the transaction and save the trouble of filling out checks, presenting ID or signing documents.
Cheesy

mrhelpful

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Quote from: Snorek on August 05, 2015, 02:47:37 PM

Quote from: Ilove-Obama on August 04, 2015, 03:54:25 PM

I seriously believe that Bitcoin could be the greatest transfer of wealth in human history. Although my friends and family still think I'm crazy, but we shall see.

Biggest transfer of wealth? Do you mean that today's poor people will become rich? Nah. That won't happen. Already rich people are investing in bitcoin, which will make their fortunes even bigger.
Distibution of wealth don't change. Bitcoin created some 'bitcoin millionaires' as early adopters were pretty lucky to be part of the beginning of cryptocurrency, but that's it.

Most of those rich cats are involved indirectly are backed by the known coinbase or other VC ventures.

So basically they do have a certain amount of bitcoin like you stated how the todays poor will never become rich. But very rare, small group will have a significant gain based on the value going up only cause they had a graphics card to mine with in the early days.

bimasena25

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https://bitcointester.com/

yes, I agree with you
maybe now, rates not so good
like as many time ago, btc will get high rates again

arbitrage001

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Quote from: Ilove-Obama on August 04, 2015, 03:54:25 PM

I seriously believe that Bitcoin could be the greatest transfer of wealth in human history. Although my friends and family still think I'm crazy, but we shall see.

There is no easy money left in bitcoin.

Snorek

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Quote from: Ilove-Obama on August 04, 2015, 03:54:25 PM

I seriously believe that Bitcoin could be the greatest transfer of wealth in human history. Although my friends and family still think I'm crazy, but we shall see.

Biggest transfer of wealth? Do you mean that today's poor people will become rich? Nah. That won't happen. Already rich people are investing in bitcoin, which will make their fortunes even bigger.
Distibution of wealth don't change. Bitcoin created some 'bitcoin millionaires' as early adopters were pretty lucky to be part of the beginning of cryptocurrency, but that's it.

Afrikoin

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alan watts is all you need

Why Bitcoin Could Be the Best Investment of the Century?

+ because it is antifragile
+because it is unexpected, it is emergence is likely a black swan event
+ it has 100% downside risk, but unfathomable upside risk.

One of the Biggest 'bets' of the century. yes, investment too

alva5763

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Surely any investment relies on supply and demand. The answer is to increase the demand but to do that accessibility needs to be increased.

CarlesPuyol

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I believe bitcoin is a great long term investment. Every day more and more people hear about bitcoin and the price should go up, and stay there Cool

Buy now before its too late

BillyBobZorton

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Sometimes is good to be considered crazy.
If you held Apple stocks back in the time and said you would hold long term = you are crazy.
If you held ColaCola stocks back in the time and said you would hold long term = you are crazy.
If you held Berkshire Hathaway stock and you said it would reach 200.000 per share in the next decades = you are insane and put into mental institution.

We Bitcoin visionaries are considered insane now, but as always, we'll be "investing geniuses" in 10 years time.

dballing

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Are you just repeating what you read here: https://atriark.com/blog/bitcoin-best-investment-century

ROFL!

Kprawn

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I still rate it as a high risk investment in my porfolio. It might be the best investment I have ever made, or it might be the worst one... To hedge against big losses, I have diversified into other

commodities and I keep some of the profits from trading, to reduce the risk.

Would I tell people to sell their houses and invest in Bitcoin... NOPE... Will I tell them to invest some of their savings into Bitcoin... Sure! ...I have already trippled the interest I would have got from banks,

on the BTC I bought with it. If it turns out as the best investment of the century, I would be in a position to say, that I capitilized on the opportunity. Grin

bitbaby

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Quote from: Ilove-Obama on August 04, 2015, 03:54:25 PM

I seriously believe that Bitcoin could be the greatest transfer of wealth in human history. Although my friends and family still think I'm crazy, but we shall see.

My father has started taking some interest in Bitcoins, he's not tech savvy by any means, he knows how to use e-mail or google terms but that's it and ever since I have explained him about how bitcoins work he really likes the idea and according to him the bitcoin is still a baby and a very safe investment which will bring about huge returns in future. The thing he really like is the idea of keeping your money safe with yourself without having to rely on anyone else.

MinerHQ

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We can't say Bitcoin Could Be the Best Investment of the Century because no one can predict what will be price after few years. If few more big countries ban bitcoins means the price will be may be double or single digits.

So always investments on fixed property will be the safe and good. Some times it may take few years to grow but surely investor will win.

Meuh6879

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Apple have loose 20% today.

Bitcoin ... migration ? Grin

Kazimir

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Funny thing is: if instead you ask them how they think their current money system works, which they seem to put so much faith in, usually they are utterly clueless.

Makes you wonder

eternalgloom

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For the price to rise, I think there needs to be even greater adoption than there currently is.

I hope that the popularity of Bitcoin will increase soon.

Daniel91

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We still do not know the definitive answer to this question.
It is possible that bitcoin meet our expectations and become the best Investment of the century, but it is also possible that BTC does not meet our expectations fully.
Only time will tell

For now it seems that the growth of Bitcoin slowed and real profits (until now) are made only by those who have been involved from the very beginning.
Of course, if bitcoin becomes mainstream and globally accepted in the near future we will surely see the rapid growth of the value of Bitcoin and many of us, who hold greater value of bitcoin, will achieve significant earnings.
It is the hope of many bitcoin users, because frankly, most of us are here because of the money and profits and not because of the ideas or ideals.

RodeoX

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The revolution will be monetized!

It is the most disruptive money in... well, a long time anyway. It could transform economies and banking practices radically.

P.S. Regardless, your family still could be right about you being crazy. Just kidding Cheesy

mrbrt

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Quote from: LFC_Bitcoin on August 04, 2015, 03:57:58 PM

Let's just wait & see, you must have patience & be willing to HODL maybe without any real joy for a long time. Buy yourself a stash of coins, put them in cold storage & HODL for maybe 10 years. Realistically we're not going to the moon yet but you could find your prediction to be true in 10 years or so. It's worth a shot, just don't expect quick resilts, average joe isn't ready right now.

It's always amusing to see people conflate bitcoin's success with the "average joe's" awareness or adoption of bitcoin. Despite the mind-numbing, idiotic rhetoric of the self-appointed bitcoin "thought leaders" (with the exception of a few), did it occur to you that maybe bitcoin is not for the average joe? Has the average joe's lack of awareness of any number of financial products, luxury products, or really anything that isn't shit, hurt the success of said product?

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