Why I invested in bitcoin - page 6. | Bitcointalksearch.org

CoinCidental

legendary

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Si vis pacem, para bellum

Quote from: ChuckBuck on December 19, 2014, 10:41:53 AM

I invested and am invested in Bitcoin, because I personally know how it is to get screwed over by the existing banking, credit, and financial systems in place.

Whether it be getting declined for a loan with a major bank that I've banked with over a decade even an above average credit rating, or getting tacked on annual fees on my credit cards at a drop of a dime, continuously getting sent new Debit and Credit cards due to being "compromised" or someone trying to steal my identity....just a plethora of reasons.

Once I learned, read, and found out about Bitcoin, the light bulb lit up in my head, "This is the way money should be in this day and age." No interest rates, No APR's, No ARM's, No chargebacks, no fraudulent charges I have to dispute, no waiting 3-4 days for charges to go through, no credit scores, no ATM fees, no checking and savings fees....

I still have fiat and savings, but the percentage of my investments and net worth is sliding over to BTC at a rapid rate.

this ^

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

I invested and am invested in Bitcoin, because I personally know how it is to get screwed over by the existing banking, credit, and financial systems in place.

Whether it be getting declined for a loan with a major bank that I've banked with over a decade even an above average credit rating, or getting tacked on annual fees on my credit cards at a drop of a dime, continuously getting sent new Debit and Credit cards due to being "compromised" or someone trying to steal my identity....just a plethora of reasons.

Once I learned, read, and found out about Bitcoin, the light bulb lit up in my head, "This is the way money should be in this day and age." No interest rates, No APR's, No ARM's, No chargebacks, no fraudulent charges I have to dispute, no waiting 3-4 days for charges to go through, no credit scores, no ATM fees, no checking and savings fees....

I still have fiat and savings, but the percentage of my investments and net worth is sliding over to BTC at a rapid rate.

btckold24

sr. member

Activity: 434

Merit: 250

★Bitvest.io★ Play Plinko or Invest!

you gotta risk it to get the biscuit. Grin

Sindelar1938

hero member

Activity: 490

Merit: 500

I just bought some. I think it's a fabulous long term buying opportunity...

princesocapuyo

full member

Activity: 238

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Presale is live!

Most of us invest in BTC because we know it will have a great future. In my case I love the technology around it, I believe it's the future. Of course we all want to make profit as well Tongue

Aemon

sr. member

Activity: 308

Merit: 250

When I first heard about Bitcoin, to be honest I wasn't sold at all. I thought it was much like coins you could purchase in games, worthless.

Man do I wish I could go back in time and slap myself and did some more reading on it. Too late now, I got in the game though and that is all that matters

swansong

full member

Activity: 151

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Quote from: mymenace on December 18, 2014, 02:23:36 PM

Quote from: LordSonjai on December 18, 2014, 09:31:05 AM

Because ultimately I don't know the risk. I don't know where its going,Don't know where it even came from.

Smart investors have risk management, investing in something you do not know is a bad investment.

bitcoin has a lot less risk compared to 12 months ago.

Research your investment so you can promote it and bring in other investors, such as merchants, consumers etc

this reduces your risk as well

this.

Q7

sr. member

Activity: 448

Merit: 250

For me, it is about technology which I think is what makes bitcoin special. Who would have thought you could have a currency that is supported by the network maintained solely by the community. Nobody can shut it down, nobody can control it (unlike fiat) and that is where the value lies

youngmike

sr. member

Activity: 252

Merit: 250

Bitcoin created new winners a year ago, now it's creating new losers who still on the boat

turvarya

hero member

Activity: 714

Merit: 500

Quote from: Vessko on December 19, 2014, 04:56:18 AM

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?

I still see it as an investment, since I invested into something, which with(is that proper english?) I could buy something in the future. It's not a speculation since I don't plan to sell back for fiat.
Comparing it to a computer is a bad example, since computer lose value over time(either because it is used or because there is a better computer coming out).
It is also an investment into companies that use Bitcoin, like when you buy stocks from a company. Sure, you can just use it for speculation, but the company still good money(an investment) from you.

Vessko

full member

Activity: 139

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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?

turvarya

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Activity: 714

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Quote from: finnile on December 18, 2014, 11:03:29 AM

Quote from: LordSonjai on December 18, 2014, 09:31:05 AM

Anyway,not going to elaborate on the risk of bitcoin. Because ultimately I don't know the risk. I don't know where its going,Don't know where it even came from. But one thing is for damn sure,you got to risk it to get the biscuit,and scared money doesn't make money.

Its not just the greed,its not just the money,the money is just half of the pie. The other half,is the fact THAT FIAT IS SHIT! ITS A GOD DAMN LIE.

Well, scared money doesnt make money s true, but you also have to make wise decisions to invest in bitcoins. Why do you think, a particulat price is good? Why isnt a 100$/bitcoin a strong price as well? Just because FIAT is weak in some areas doesnt mean bitcoin would boom.

I look at it pretty simple.
For all the potential bitcoin has a market cap of $ 4,273,500,416 is not enough.
That gives me confidence, that the price will raise eventually

dimsky

member

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Do those that invest in bitcoins also use it in everyday lives? It's one thing to hoard and another to spread its acceptance.

1Referee

legendary

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My first experience with Bitcoin was solely for financial benefit.

After a while I invested some time in getting to know what Bitcoin exactly is and how it works.

I believe in Bitcoin, and also have to admit that I like to make some decent profits.

Nothing wrong with that. At this point there is plenty room for profitable trading.

LordSonjai

full member

Activity: 210

Merit: 100

Quote from: mymenace on December 18, 2014, 02:23:36 PM

Quote from: LordSonjai on December 18, 2014, 09:31:05 AM

Because ultimately I don't know the risk. I don't know where its going,Don't know where it even came from.

Smart investors have risk management, investing in something you do not know is a bad investment.

bitcoin has a lot less risk compared to 12 months ago.

Research your investment so you can promote it and bring in other investors, such as merchants, consumers etc

this reduces your risk as well

thanks for dropping that gem on me but no matter how much I research I will never know where bitcoin is going.

bitz-bee.com

newbie

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If you'd like more btc for next to nothing and a clear out, sell some pre-loved bits and bobs on here https://www.bitz-bee.com too.

CoinCidental

legendary

Activity: 1316

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Si vis pacem, para bellum

Quote from: mymenace on December 18, 2014, 02:23:36 PM

Quote from: LordSonjai on December 18, 2014, 09:31:05 AM

Because ultimately I don't know the risk. I don't know where its going,Don't know where it even came from.

Smart investors have risk management, investing in something you do not know is a bad investment.

bitcoin has a lot less risk compared to 12 months ago.

Research your investment so you can promote it and bring in other investors, such as merchants, consumers etc

this reduces your risk as well

none of the early adopters knew and yet they mined and traded ,
some cashed out at 10 ,20 .50 ,100 ,500 ,1000 etc and made a " good return" on their investment without fully knowing where it would go

people who bought into google ,ebay ,apple or facebook in the 90s etc probably never knew the returns would be astronomical
because it hadnt been done before

part of invesating in anything new is theres an element of risk but the rewards can be 100's x times your investment back

if you cant deal with any risk find a bank or trust and make 3-8% a year

mymenace

legendary

Activity: 1596

Merit: 1061

Smile

Quote from: LordSonjai on December 18, 2014, 09:31:05 AM

Because ultimately I don't know the risk. I don't know where its going,Don't know where it even came from.

Smart investors have risk management, investing in something you do not know is a bad investment.

bitcoin has a lot less risk compared to 12 months ago.

Research your investment so you can promote it and bring in other investors, such as merchants, consumers etc

this reduces your risk as well

LordSonjai

full member

Activity: 210

Merit: 100

Quote from: newIndia on December 18, 2014, 11:20:57 AM

Quote from: LordSonjai on December 18, 2014, 11:11:39 AM

Quote from: finnile on December 18, 2014, 11:03:29 AM

Quote from: LordSonjai on December 18, 2014, 09:31:05 AM

Anyway,not going to elaborate on the risk of bitcoin. Because ultimately I don't know the risk. I don't know where its going,Don't know where it even came from. But one thing is for damn sure,you got to risk it to get the biscuit,and scared money doesn't make money.

Its not just the greed,its not just the money,the money is just half of the pie. The other half,is the fact THAT FIAT IS SHIT! ITS A GOD DAMN LIE.

Well, scared money doesnt make money s true, but you also have to make wise decisions to invest in bitcoins. Why do you think, a particulat price is good? Why isnt a 100$/bitcoin a strong price as well? Just because FIAT is weak in some areas doesnt mean bitcoin would boom.

The key thing is knowing when to buy,100$ per coin would be idea or lower,but we may or may not see that happen. Bitcoin is a very interesting topic in terms of where it will go in the future,I don't know,I believe in bitcoin,a lot of power behind it. It gives you power of your money again that the government and banks steal from us. Why couldn't it go boom?

The downside of bitcoin trading is u never know which one is the lowest point. From 500 I'm guessing that is the lowest and still buying Cry

I agree with you I bought some and made some but my last purchase was at 358 so as you can see i am in a poor place right now. I am assuming it is going to dip to 280 and than go back up. But that is a downside for sure,the only one I can think of,that pretty much the volatility in a nut shell.

newIndia

legendary

Activity: 2226

Merit: 1052

Quote from: LordSonjai on December 18, 2014, 11:11:39 AM

Quote from: finnile on December 18, 2014, 11:03:29 AM

Quote from: LordSonjai on December 18, 2014, 09:31:05 AM

Anyway,not going to elaborate on the risk of bitcoin. Because ultimately I don't know the risk. I don't know where its going,Don't know where it even came from. But one thing is for damn sure,you got to risk it to get the biscuit,and scared money doesn't make money.

Its not just the greed,its not just the money,the money is just half of the pie. The other half,is the fact THAT FIAT IS SHIT! ITS A GOD DAMN LIE.

Well, scared money doesnt make money s true, but you also have to make wise decisions to invest in bitcoins. Why do you think, a particulat price is good? Why isnt a 100$/bitcoin a strong price as well? Just because FIAT is weak in some areas doesnt mean bitcoin would boom.

The key thing is knowing when to buy,100$ per coin would be idea or lower,but we may or may not see that happen. Bitcoin is a very interesting topic in terms of where it will go in the future,I don't know,I believe in bitcoin,a lot of power behind it. It gives you power of your money again that the government and banks steal from us. Why couldn't it go boom?

The downside of bitcoin trading is u never know which one is the lowest point. From 500 I'm guessing that is the lowest and still buying Cry

Topic: Why I invested in bitcoin - page 6. (Read 7296 times)