Topic: Why is cryptocurrency bullish in the long-term - page 5. (Read 741 times)

I believe that the answer to your question is obvious. The fact is that a lot of time has passed since the advent of cryptocurrencies, and all this time the price of the same BTC has been constantly growing and is already at a fairly high level. At the same time, everyone who bought BTC earlier now has a huge profit. Proceeding from this, many now seeing this understand that investments in crypto, and even more so in BTC, are very profitable and can bring excellent profits in the future. Therefore, many will continue to invest in cryptocurrencies, at least in order to preserve their funds and multiply them well.

Bitcoin is being accepted by institutions all over the world, thus driving the development of the cryptocurrency market. Now cryptocurrency is more used as a valuable means, and brought high profits for investors. Cryptocurrency is profitable for long-term holders and will enable them to achieve wealth freedom.

The reason is simple, people look at the price history of Bitcoin and other Crypto currencies and they expect that the same pattern will repeat it self and based on that they project a recovery after every drop in the price. The popular saying in Crypto has always been, "Buy the Dip" and people stick to that.

People who "invest" in Bitcoin or Crypto currencies are setting themselves up for possible failure, because Bitcoin and Crypto currencies are not supposed to be an investment option. Bitcoin is supposed to be a "Currency" and if you use it as a currency.. then your chance of losing money will be minimal. 

Well, not every cryptocurrency is going to be bullish, I'm going to tell you that remember that in the sea of cryptocurrencies, there's a big amount of shitcoins that are created to make their developers millionaires. I think the reason that some cryptocurrency is bullish is probably because people believe in them and that they have a lot of people adopting it like what bitcoin did, don't forget that it also has a utility.

We use the term Fintech too liberally though. The proponents of different DeFi and stablecoin pools have been using that term to promote their projects way more than what bitcoin has done during it first few years. Eventually these buzzwords tend to lose their importance and as we can see the DeFi system is also ended up as another massive hype driven cesspool.

Your post defenitely deserves some Merit, unfortunately I dont have any left. Good to see that @Betwrong has taught you these things well.

My thought is probably more societal than analytical. The thing is, when we look back at the history one regularity, a pattern becomes certain: whenever there is a tendency - that tendency becomes a part of everything. For instance, when there is a war - there is an economical depression, but simultaneously we can see a depression in everything else: people don't have money, such things as entertainment become rare, most people put on poor-looking clothes, etc. So it affects humanity in all possible aspects: finances, outwear, pastime, culture and, eventually, due to all the aforementioned - it affects thinking.

In today's world, I think many would agree that there is a tendency for freedom. As before, it is also present everywhere: people speak about it in public, politicians (except for the dictatorial regime) try to make their campaigns based on it, the employment rules are much affected by equity-related movements, even in clothes, we can see that the trend is not as strict as it was, say, in the '80s. People can combine different styles, wear your sandals with socks and no one will judge you anymore  

What I'm getting at is that cryptocurrencies are the best representation of freedom and independence in the world of money, so unless some crazy changes come and people will suddenly want to become part of the slavery system - the demand for crypto will only grow with years.

It is because we're all going to the age where most investments are disruptors of fin tech and that's why new investors likes to have it. When I've first found out about bitcoin, I'm very much exciting to know about it and the beautiful future that it can have.

As for the profit, it's normal. Just as the usual businessman that gets profit from buying and selling. That's the same with bitcoin, you don't have to understand too much technicalities of it as long as you understand that logic.

It is not difficult to see why we are so optimistic, bitcoin right now is the most fundamental sound form of money we have around the world, bitcoin is better than any fiat currency and it is better than gold and silver and compared to those markets bitcoin is still quite small, this means that during the next decades bitcoin will steal market share from both of those markets and make it its own so its potential is huge, also almost all markets seem overvalued while this one is undervalued so from the standpoint of those investors not interested in the technology bitcoin is a great investment still.

Because of the hype that crypto market brings. There were a lot of opportunities to invest in crypto and get a very huge profit, Bitcoin is the major one.
But as the time passes by more and more alts has been added to the market and most of them aren't as promising as the top 10 coins in the market. Some have made significant gains, thus causing some investors to fomo.
These young people that you're talking about have probably been influenced by social media influencers which was also been paid to shill and put a hype into a specific altcoin.

That's a somewhat broad question as there are many perspectives to it, you can't really sum up all the reasons into one, a weird one is that quite a lot of them aren't aware of the history of some of this coins, neither have they witnessed a bear market, or a coin dumping just after it pumped, or projects that were basically created just on the basis of scamming people.

The media or the news most of this newcomers have been exposed to is that which someone was lucky to earn a lot of money on a 'lottery' coin, or a Bitcoin bull run that creates so much furore amongst many, even those that have never owned a wallet etc, many of this people have only heard success stories, so they want a bit of that success, and that tends to be the driving force wheeling them into the network.

Having said that, another reason will be the present financial situation, inflation/hyperinflation, plus the rise in the prices of commodities are all happening right in people's faces, there's a need to hedge funds from devaluation, but this reason is mostly the driving force for institutional investors who have huge sums of money, for most of the others, it's an adventure to get rich pretty fast.

I think this should be the first on the list! Before everything else, crypto is teaching us about something new! How to see the money and economy from a different angle! How many people knew about decentralized platforms before crypto?!
Think about how long it takes to move money from one part of the world to another?! With crypto, the entire world is connected, and transactions are almost instant! Should we mention the cost of moving money and crypto from one part of the world to another!?
Crypto is a brilliant invention because for the first time in human history we can have a free market, open for all!!! And as people are learning more about the crypto, decentralized economy, how crypto works, and what crypto can do, they are joining and the crypto world is becoming bigger... every day/month/year! And it's like a fact!

Generally, because of the inflection rate all over the world saving any kind of assets such as gold and cryptocurrencies can be profitable if you are patient enough to don't do any panic sell. In the other hand, the market of cryptocurrencies is moving super fast during the short term and this can make some people act emotional and do panic sell and buy at high prices that's why many people will lose some money if they do invest in the short term. Otherwise, due to the huge demand between investors and the evolution of financial systems, this can be bullish and profitable for long-term investors.

Buffett was never talking about Bitcoin or cryptocurrency when he made such a statement. He is actively against the whole idea of it and warns people to avoid it. Whether he is correct to make such a statement, only the future and time will be able to tell. Some people have been big winners in crypto and some have been big losers, like many investments this is high risk. When Buffett said that he was talking about investing in company shares, businesses that make a profit each year and return it to their owners (shareholders) every year either through dividends or re-investing it wisely. That is what he means by having a "stream of income" and obviously the risk falls if you start to buy into high quality companies in many different fields. Compounding money is a brilliant way to get rich.

Pre regulation ICOs offered accredited investment opportunities to low bracket earners who are normally barred by law from participating. I doubt anyone would claim ICOs were free from risk or danger. But that level of opportunity isn't easy to find in traditional finance.

Past eras of history have seen opportunities explode in the form of gold rushes and the silicon valley dot com bubble. Opportunities produce excitement. Its very easy to make money in a bull market like the one crypto enjoyed 2020/2021. Some crypto like bitcoin are considered inflation protected assets which further increases their value during times of inflation and potential recession.

There are a few I've seen who are trying literally every crypto opportunity they can get their hands on, while blogging about the experience. People do it because, it works. They can witness firsthand the time and energy invested in crypto being transformed into financial rewards. The methods differ and don't necessarily repeat. But the end result remains the same.

Indeed, very on point! Don't be contented on having a single income always think a way on how you will be able to double your income by just for example having an investment for some companies by buying some stocks or shares on them in order to have an investment in the near future. Contentment is not a human habit so you must need to work hard in order for you to be successful in life.

I personally feel bullish because:

• It has the possibility to separate money from state.
• Can't be sensored
• Growing innovation
• Limited supply in many cases
• Allow people to control their money
• ... So changing the way we see money

 

They are optimistic because they have read some facts from the past, and throughout its past Bitcoin has brought people a profit. If I heard from some that it used to be possible to buy 100 BTC for less than $100, then I bought 1 BTC for $200 and turned them into $20 000, then sold that BTC and bought 6 BTC for the same money. Today, my $200 investment is worth more than $200 000 - and these are stories that attract people to invest, although the past is never a guarantee that the same will happen in the future.

The key is to never invest what you can't afford to lose, and then you can sleep and live with a clear conscience no matter what happens. Being optimistic and being reasonable are two different things, and most people do pretty stupid things that they most regret later.

I think people are bullish towards crypto because for some it has become the only hope that they will change something in their lives - and it is better to live in hope than in despair.

I still have a doubt if everyone would be pleased or even realize that the value is increasing since most of them use Bitcoin just like a normal currency making transactions in and out plus those weak-hands that won't last for too long if there's a fud circulating. It's just few people can make profit with this market and the rest is gambling with either altcoins or Bitcoin.

But it's always a good choice to diversify your money or never put your all capital in a single investment. That's why there are good altcoins to invest if you want to divide most of your money in order to minimize losses.

people think it is bullish because of two things.

first is that bitcoin has been going up and also has a very bright future so it has created this illusion that if anything else including shitcoins are categorized under the same thing as bitcoin (that is being a cryptocurrency) they should also go up the way bitcoin did.

and second is that there is a lot of fake promise to these newbies that the shitcoins they are buying is guaranteed to go up. so they always fall for the lie and buy into the hype.

suffice it to say that this is why there are so many people with a huge amount of money lost that they will never get back just because the shitcoins they bought were dumped in the long run.

But the cryptocurrencies we are talking about here are the memecoins right?
They ain't bullish in long term but worse they can be scam attempts that sought differently when they found the public's reactions.
Still, you can't deny the fact that they can exit anytime they want unlike with Bitcoin where it's the people who support it that needs to get out before the value goes down which is doubtful to happen unless another one will be better than it.
There are a few but it's been always Bitcoin on the frontlines. Why?