Topic: Why I invested in bitcoin (Read 7293 times)
I want to make money, but the loss has been formed.
Unfortunately the potential doesn't mean much. Far as I see it everything has potential to be great, and Bitcoin was for a short time. It seems to be falling extremely quick and I don't think it will make it the rest of the year. Here is hoping to it actually working though!
You saw the potential of Bitcoin.
It's a great intervention with unlimited possibilities for everyone.
It's a great intervention with unlimited possibilities for everyone.
Of course Bitcoin is dropping everyday. People are panicking and selling and the supply is becoming more great than the demand. What we need is for people to start buying and hoarding coins so they are hard to get so it increases the value.
its impossible to stop them because there always be such people who sells it the one thing we need is to attract new investors who would buy itIt is super hard to get people into something that has been sliding for over a year. As any investor would look at this and say, Bitcoin will crash with in 1 year, why should I invest. It is way to hard to get new investors
Or maybe they can see the potential in its future value.
Replace
Of course Bitcoin is dropping everyday. People are panicking and selling and the supply is becoming more great than the demand. What we need is for people to start buying and hoarding coins so they are hard to get so it increases the value.
its impossible to stop them because there always be such people who sells it the one thing we need is to attract new investors who would buy itIt is super hard to get people into something that has been sliding for over a year. As any investor would look at this and say, Bitcoin will crash with in 1 year, why should I invest. It is way to hard to get new investors
Or maybe they can see the potential in its future value. Bitcoin could/can still be huge and there are entire industries that can benefit from it. Personally I think people just need patience as it's not going to happen over night, but just remember the risks if you are investing. Bitcoin is still an experiment really and only time will tell whether it's successful.
The people here clearly do not understand what "investment" is.
Investment is a claim on long-term cash flow from a security. Bitcoin has no cash flow. You cannot "invest" in Bitcoin - or in gold, or in a fiat currency, for that matter. You can save, hoard or speculate in these things - but you cannot invest in them.
If you bought bitcoins because you thought they were going up in price, you were speculating. If you bought them because you thought they were useful technology and the future belongs to them, you've made an expenditure - just like when buying a new computer or an electric car or whatever.
If you are staring at your "paper loss" because Bitcoin is now worth less in some fiat currency than when you bought it, you've just made an unsuccessful speculation. Live with it - speculators do that all the time. If you think that Bitcoin is less useful now than when you bought it (or hasn't served your needs for the time you've owned it), then you've simply made a bad purchase - people do that all the time. If neither is the case, then why would its exchange ratio with fiat currencies matter to you?
Investment is a claim on long-term cash flow from a security. Bitcoin has no cash flow. You cannot "invest" in Bitcoin - or in gold, or in a fiat currency, for that matter. You can save, hoard or speculate in these things - but you cannot invest in them.
If you bought bitcoins because you thought they were going up in price, you were speculating. If you bought them because you thought they were useful technology and the future belongs to them, you've made an expenditure - just like when buying a new computer or an electric car or whatever.
If you are staring at your "paper loss" because Bitcoin is now worth less in some fiat currency than when you bought it, you've just made an unsuccessful speculation. Live with it - speculators do that all the time. If you think that Bitcoin is less useful now than when you bought it (or hasn't served your needs for the time you've owned it), then you've simply made a bad purchase - people do that all the time. If neither is the case, then why would its exchange ratio with fiat currencies matter to you?
now finally some words with sense.
#longterm #cheapcoin #investment
This is mostly true except that currencies are in some limited sense an investment in that you're investing indirectly in the ecosystem behind them. The US dollar's strong when the US economy's relatively strong and vice versa. Same goes for most currencies in other countries.
One of the reason's bitcoin is weak is because it lacks a killer app and the ecosystem isn't as strong as it should be. Adoption is the big issue - it's lacking big time.
Of course Bitcoin is dropping everyday. People are panicking and selling and the supply is becoming more great than the demand. What we need is for people to start buying and hoarding coins so they are hard to get so it increases the value.
its impossible to stop them because there always be such people who sells it the one thing we need is to attract new investors who would buy itIt is super hard to get people into something that has been sliding for over a year. As any investor would look at this and say, Bitcoin will crash with in 1 year, why should I invest. It is way to hard to get new investors
+1
Anyone looking at a historical chart would not find bitcoin to be a reliable store of value, to say nothing of a good investment, but maybe we're looking at the capitulation that comes before a bounce.
Still, one thing to get really worried about is the risk of a big holder throwing up his hands and mega-dumping, like Winkelvosses or Satoshi himself.
Do you guys think Bitcoins will rebuild themselves here? It seems rather scary and hard to get people invovled with Bitcoin continually going down for the last year. Everyone I try to talk to tells me they don't want to get involved because it will crash
What do you mean rebuild themselves? Tell people not to fixate on the current price but it's potential value in the future. Bitcoin is more than just a currency it's an entire network that many industries and companies can benefit from using.
If that were true and we assume the market is a halfway decent discounting mechanism, this would be priced in. Instead, the market is treating bitcoin like just another pump-and-dump altcoin. All the big trading action these days is in shorting it.
Problem is that BTC is not giving enough people enough good reason to buy enough of it. Needs a killer app. Ethereum, Counterparty and NectarCoin seem to have the right ideas in that regard.
The people here clearly do not understand what "investment" is.
Investment is a claim on long-term cash flow from a security. Bitcoin has no cash flow. You cannot "invest" in Bitcoin - or in gold, or in a fiat currency, for that matter. You can save, hoard or speculate in these things - but you cannot invest in them.
If you bought bitcoins because you thought they were going up in price, you were speculating. If you bought them because you thought they were useful technology and the future belongs to them, you've made an expenditure - just like when buying a new computer or an electric car or whatever.
If you are staring at your "paper loss" because Bitcoin is now worth less in some fiat currency than when you bought it, you've just made an unsuccessful speculation. Live with it - speculators do that all the time. If you think that Bitcoin is less useful now than when you bought it (or hasn't served your needs for the time you've owned it), then you've simply made a bad purchase - people do that all the time. If neither is the case, then why would its exchange ratio with fiat currencies matter to you?
Investment is a claim on long-term cash flow from a security. Bitcoin has no cash flow. You cannot "invest" in Bitcoin - or in gold, or in a fiat currency, for that matter. You can save, hoard or speculate in these things - but you cannot invest in them.
If you bought bitcoins because you thought they were going up in price, you were speculating. If you bought them because you thought they were useful technology and the future belongs to them, you've made an expenditure - just like when buying a new computer or an electric car or whatever.
If you are staring at your "paper loss" because Bitcoin is now worth less in some fiat currency than when you bought it, you've just made an unsuccessful speculation. Live with it - speculators do that all the time. If you think that Bitcoin is less useful now than when you bought it (or hasn't served your needs for the time you've owned it), then you've simply made a bad purchase - people do that all the time. If neither is the case, then why would its exchange ratio with fiat currencies matter to you?
now finally some words with sense.
#longterm #cheapcoin #investment
The people here clearly do not understand what "investment" is.
Investment is a claim on long-term cash flow from a security. Bitcoin has no cash flow. You cannot "invest" in Bitcoin - or in gold, or in a fiat currency, for that matter. You can save, hoard or speculate in these things - but you cannot invest in them.
If you bought bitcoins because you thought they were going up in price, you were speculating. If you bought them because you thought they were useful technology and the future belongs to them, you've made an expenditure - just like when buying a new computer or an electric car or whatever.
If you are staring at your "paper loss" because Bitcoin is now worth less in some fiat currency than when you bought it, you've just made an unsuccessful speculation. Live with it - speculators do that all the time. If you think that Bitcoin is less useful now than when you bought it (or hasn't served your needs for the time you've owned it), then you've simply made a bad purchase - people do that all the time. If neither is the case, then why would its exchange ratio with fiat currencies matter to you?
Investment is a claim on long-term cash flow from a security. Bitcoin has no cash flow. You cannot "invest" in Bitcoin - or in gold, or in a fiat currency, for that matter. You can save, hoard or speculate in these things - but you cannot invest in them.
If you bought bitcoins because you thought they were going up in price, you were speculating. If you bought them because you thought they were useful technology and the future belongs to them, you've made an expenditure - just like when buying a new computer or an electric car or whatever.
If you are staring at your "paper loss" because Bitcoin is now worth less in some fiat currency than when you bought it, you've just made an unsuccessful speculation. Live with it - speculators do that all the time. If you think that Bitcoin is less useful now than when you bought it (or hasn't served your needs for the time you've owned it), then you've simply made a bad purchase - people do that all the time. If neither is the case, then why would its exchange ratio with fiat currencies matter to you?
Thank you.
I made a video on why I think Bitcoin is a strong investment, check it out, your feedback is welcome!
https://www.youtube.com/watch?v=5-7IjeQvFVU
https://www.youtube.com/watch?v=5-7IjeQvFVU
Of course Bitcoin is dropping everyday. People are panicking and selling and the supply is becoming more great than the demand. What we need is for people to start buying and hoarding coins so they are hard to get so it increases the value.
its impossible to stop them because there always be such people who sells it the one thing we need is to attract new investors who would buy itIt is super hard to get people into something that has been sliding for over a year. As any investor would look at this and say, Bitcoin will crash with in 1 year, why should I invest. It is way to hard to get new investors
Of course Bitcoin is dropping everyday. People are panicking and selling and the supply is becoming more great than the demand. What we need is for people to start buying and hoarding coins so they are hard to get so it increases the value.
its impossible to stop them because there always be such people who sells it the one thing we need is to attract new investors who would buy it 
Yeah, it really revolutionizes everything! Only you yourself are in control of your money. This is insane. It took me a couple of months to really "get" Bitcoin to be honest, but once you start to grasp the whole concept and the implications, you do realize what an amazing technology it is!!!
Do you guys think Bitcoins will rebuild themselves here? It seems rather scary and hard to get people invovled with Bitcoin continually going down for the last year. Everyone I try to talk to tells me they don't want to get involved because it will crash
What do you mean rebuild themselves? Tell people not to fixate on the current price but it's potential value in the future. Bitcoin is more than just a currency it's an entire network that many industries and companies can benefit from using.
If that were true and we assume the market is a halfway decent discounting mechanism, this would be priced in. Instead, the market is treating bitcoin like just another pump-and-dump altcoin. All the big trading action these days is in shorting it.
Of course Bitcoin is dropping everyday. People are panicking and selling and the supply is becoming more great than the demand. What we need is for people to start buying and hoarding coins so they are hard to get so it increases the value.
really, what remains is expected to rise and so sell we buy this low of epoch
Do you guys think Bitcoins will rebuild themselves here? It seems rather scary and hard to get people invovled with Bitcoin continually going down for the last year. Everyone I try to talk to tells me they don't want to get involved because it will crash
What do you mean rebuild themselves? Tell people not to fixate on the current price but it's potential value in the future. Bitcoin is more than just a currency it's an entire network that many industries and companies can benefit from using.
If that were true and we assume the market is a halfway decent discounting mechanism, this would be priced in. Instead, the market is treating bitcoin like just another pump-and-dump altcoin. All the big trading action these days is in shorting it.
Do you guys think Bitcoins will rebuild themselves here? It seems rather scary and hard to get people invovled with Bitcoin continually going down for the last year. Everyone I try to talk to tells me they don't want to get involved because it will crash
What do you mean rebuild themselves? Tell people not to fixate on the current price but it's potential value in the future. Bitcoin is more than just a currency it's an entire network that many industries and companies can benefit from using.
If that were true and we assume the market is a halfway decent discounting mechanism, this would be priced in. Instead, the market is treating bitcoin like just another pump-and-dump altcoin. All the big trading action these days is in shorting it.
Well this escalated quickly.....
he's young
he's Mike
he talks a load of shite
tulip mania
tulip mania
I'm the man with crypto profits made a year ago, you are a newbie account feeding whales
You are the man that is soooo negative.
Do the community a favour.
Take your profit and get out of this forum as nothing you say is worthwhile
Bitcoin created new winners a year ago, now it's creating new losers who still on the boat
he's young
he's Mike
he talks a load of shite
tulip mania
tulip mania
I'm the man with crypto profits made a year ago, you are a newbie account feeding whales
You are the man that is soooo negative.
Do the community a favour.
Take your profit and get out of this forum as nothing you say is worthwhile
Jump to: