It is only smoke & mirrors to postpone the inevitable collapse of the global economy. Will Bitcoin then be seen as a real safe haven or will it be too late?
Topic: Why people are comfortable investing in government controlled investments - page 8. (Read 1582 times)
April 01, 2020, 04:32:56 AM
It is only smoke & mirrors to postpone the inevitable collapse of the global economy. Will Bitcoin then be seen as a real safe haven or will it be too late?
March 31, 2020, 05:30:57 PM
Because, if a bank goes bankrupt, a person will be returned all, or part of his money. And if crypto falls, then, naturally, no one will compensate anything. And talking about bitcoin as a refuge, after falling by 40% per day, is very optimistic.
Why understate things so badly ??
Anyone talking about BitCoin as a refuge, after falling 40 % in response to the Economic Crisis is a DELUSIONAL FOOL
Hard Facts
March 31, 2020, 05:22:36 PM
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Correct. The inclinations of each person are different, and we cannot force it. There are people who like risk, so they feel challenged to invest with cryptocurrency, moreover the opportunity for greater profits due to extreme volatility. High-risk high return. There are also people who don't like risk, want to invest in a safe way, little by little it's okay as long as the assets are safe.The people have a bad experience to be a basis for their future investment. Most likely they think that crypto investment is nothing could be trusted because it is not controlled by the government. We can't blame them either cause they are looking for assurance (and even me) but something we need to try also and explore outside, it can be possible to find better opportunity rather than keep trusting those project that has been run with the support of the government. And maybe, they'll find out how good is crypto investment could be.
March 31, 2020, 11:14:03 AM
It is only smoke & mirrors to postpone the inevitable collapse of the global economy. Will Bitcoin then be seen as a real safe haven or will it be too late?
Bitcoin is not a safe-Haven and as such cannot flourish at the expense of global crisis. Cryptocurrency sector is just a digitized financial institution that ought to provide a decentralized digital currency to give people the ultimate control to manage their financial activities without much interference of a third party and just like every investment options, the price of every cryptocurrency is determined by the force of demand and supply and these two economic theories depend majorly on global situation and as such bitcoin can only flourish when the global economy is thriving
March 31, 2020, 10:56:33 AM
They think that goverment = reliable. Sometimes this is true
Yea, i think this is very true actually. In any big crisis moment any anybody invest into government controlled investments, govt must help after any digester so that people always interested about this kind of investment but in BTC there is no back support. So how could people can believe in crypto currency for crisis moment i could not understand.
March 31, 2020, 10:20:06 AM
Just think about it a little. 
You know that whatever happens with your government controlled investment, you will have a safety net from that government. History has shown us how governments have bailed out Banks and/or injected millions or even Billions of tax payers money into economies to protect it.
They are printing Trillions of Dollars to reduce the impact of this Covid-19 virus on their local economy and they are doing this with money that was supposed to go to critical needs. (Public Health care / Social grants for unemployed people etc.)
Regarding the question in the name of the thread, I think it's a psychological phenomenon. Even though the government is not always doing it right and can act in the interest of the few while sacrificing the interest of the many, it is still more comfortable for many people to get away from taking personal responsibility and be under strong governmental protection. People need reassurance, a father-figure which the government gladly provides in countries like the US. So yeah, investing in something controlled by the government seems safer and more reliable, whereas it's not a secret that investing in Bitcoin is risky and you can only blame yourself if you make a mistake. You know that whatever happens with your government controlled investment, you will have a safety net from that government. History has shown us how governments have bailed out Banks and/or injected millions or even Billions of tax payers money into economies to protect it.
They are printing Trillions of Dollars to reduce the impact of this Covid-19 virus on their local economy and they are doing this with money that was supposed to go to critical needs. (Public Health care / Social grants for unemployed people etc.)
March 31, 2020, 09:31:40 AM
Because, if a bank goes bankrupt, a person will be returned all, or part of his money. And if crypto falls, then, naturally, no one will compensate anything. And talking about bitcoin as a refuge, after falling by 40% per day, is very optimistic.
Why understate things so badly ??
Anyone talking about BitCoin as a refuge, after falling 40 % in response to the Economic Crisis is a DELUSIONAL FOOL
Hard Facts
March 31, 2020, 07:58:08 AM
Because, if a bank goes bankrupt, a person will be returned all, or part of his money. And if crypto falls, then, naturally, no one will compensate anything. And talking about bitcoin as a refuge, after falling by 40% per day, is very optimistic.
March 31, 2020, 01:05:24 AM
My assumption is people want to invest in controlled by the government because they are not aware of the digital assets. Another reason is Bitcoin is very volatile compared to traditional assets like precious metals, gold, and silver. But I think you can't generalized this question because there are some countries that accept Bitcoin and recognized this cryptocurrency as an alternative to fiat.
When this pandemic shaking around the world the global economy was crushed and all market stocks were effected whether traditional or crypto. For me, there is no safe haven in a short period of time, especially in this situation. People prefer to pull back their investment and use it for buying foods or daily needs.
When this pandemic shaking around the world the global economy was crushed and all market stocks were effected whether traditional or crypto. For me, there is no safe haven in a short period of time, especially in this situation. People prefer to pull back their investment and use it for buying foods or daily needs.
March 30, 2020, 10:21:38 PM
People see the reliability and consider the government investments as a safe place for their money. If anything goes wrong to these investments, the government will sure cover it and take respinsibilities in such situations arising unlike to any private investments as well as bitcoin that depends on the market and does not have any alternative ways if ever you lose the money you invested. It will be gone forever and no one is to blame and to cover for it but yourself alone.
March 30, 2020, 09:38:14 PM
THE REAL QUESTION IS:
Why are people comfortable investing in BitCoin
March 30, 2020, 07:10:34 PM
Other governments didn't see Bitcoin as a threat. In fact, there are countries who are supporting bitcoin by legalizing it on their place.
Those government controlled investments you are mentioning were providing a safety and security for your funds. Because they are centralized thus taking control of your money with of responsibility. Ensuring people that their money is safe, making them more at ease with their own fund.
While investing in bitcoin, you do control your own money.
Those government controlled investments you are mentioning were providing a safety and security for your funds. Because they are centralized thus taking control of your money with of responsibility. Ensuring people that their money is safe, making them more at ease with their own fund.
While investing in bitcoin, you do control your own money.
March 30, 2020, 05:15:31 PM
Government-controlled investment giving safety assurance to their clients and they expecting that whatever it happens to their investment there is a certain person to ask for. But many are trying to find themselves out from being controlled by anyone that is why a lot of people are investing crypto or some virtual investment. Yes, we can't deny how the risk on it but giving this opportunity and possibly more profitable than of some government-controlled investment, they still want to take the risk.
March 30, 2020, 04:32:33 PM
Government presence = proper regulation that's why you can see many people trusting this and I believe they have an insurance also that's why many people go for them eventhough the ROI is very little since it is somehow a safe investment for people who want to go with.
The only thing make people doubt about bitcoins is the lack of education since maybe the only one they see is the scamming and frauds happening around.
People think that they're safe just because someone that is recognized as their superior would handle everything they have with safety, and that's why they're willing to risk even their identities to the authorities.
Those that didn't believe in BTC think that any decentralized asset is an anti-government entity, just because it isn't taxed and it is in their own absolute control on how "much" they'll hold.
Those that didn't believe in BTC think that any decentralized asset is an anti-government entity, just because it isn't taxed and it is in their own absolute control on how "much" they'll hold.
The only thing make people doubt about bitcoins is the lack of education since maybe the only one they see is the scamming and frauds happening around.
That is pretty much the reason why many people are finding it easier to invest in govt controlled investments. They know for sure that somehow their investments are safe. It is comparable to savings account. Even if you are earning small interest, at least you know at the end of the day, you still have that money no matter what.
March 30, 2020, 04:14:45 PM
It could be that security reasons are a major factor why many investors prefer investments regulated by the government rather than investments decentralized assets, namely crypto. All investors want the security level of their investments to be guaranteed and investments involving government support are the solution for them. In contrast to other bitcoin and altcoin investments, the government does not want to be responsible for what might happen with these investments either hacking even when the global economy collapses. The government only gives permits to investors in many countries to trade bitcoin or other cryptos as commodity assets and some other countries also allow them to be used as legal tender.
Correct. The inclinations of each person are different, and we cannot force it. There are people who like risk, so they feel challenged to invest with cryptocurrency, moreover the opportunity for greater profits due to extreme volatility. High-risk high return. There are also people who don't like risk, want to invest in a safe way, little by little it's okay as long as the assets are safe. 
March 30, 2020, 03:44:25 AM
Government presence = proper regulation that's why you can see many people trusting this and I believe they have an insurance also that's why many people go for them eventhough the ROI is very little since it is somehow a safe investment for people who want to go with.
The only thing make people doubt about bitcoins is the lack of education since maybe the only one they see is the scamming and frauds happening around.
People think that they're safe just because someone that is recognized as their superior would handle everything they have with safety, and that's why they're willing to risk even their identities to the authorities.
Those that didn't believe in BTC think that any decentralized asset is an anti-government entity, just because it isn't taxed and it is in their own absolute control on how "much" they'll hold.
Those that didn't believe in BTC think that any decentralized asset is an anti-government entity, just because it isn't taxed and it is in their own absolute control on how "much" they'll hold.
The only thing make people doubt about bitcoins is the lack of education since maybe the only one they see is the scamming and frauds happening around.
March 29, 2020, 10:45:53 PM
Bitcoin is not yet seen as a safe haven, although in countries with high inflation it is, and for countries with prosperous economies, Bitcoin investment is considered high risk, I think the world is changing, times are different from those of the 1800s, gold is still the safe haven, and is the most widely used to get out of crises worldwide.
March 29, 2020, 10:30:51 PM
Governmental equals to legal. That's why people trust it. Such type of investment seems to be more reliable for them. And are you sure that all people know the history enough for making judgements?
March 29, 2020, 12:21:24 PM
Devaluing the dollar is supporting Bitcoin, in a way. Since the 2008 bailouts, our dollars have lost around 20% of their value vs. CPI goods. That alone is an advertisement for a currency with predictable inflation and capped money supply -- let alone after another 2008-like bailout.
Now, I've always wondered, does this 20% affect in price bitcoin for example? as in, it'd be worth 20% less compared to dollars if the USD never devaluated?
March 29, 2020, 12:09:15 PM
I'm not comfortable with government controlled investments and with fiat money. If I have to use fiat money I choose cash. I can feel that push from the banks and the governments to make us stop using fiat money and I'm the kind of person who likes to push back. The harder they want me to do something the more suspicious of it I get and the more I oppose.
People are taught to trust the government, that they will be taken care of and have free tiome to pursue their own goals in life. They just need to pay the government a share and everything will be fine. Today you can't even be sure if your house will belong to your children after you're gone or if the socialists will decide to tax inheritance to make sure most of your wealth gets redistributed after your death.
People are taught to trust the government, that they will be taken care of and have free tiome to pursue their own goals in life. They just need to pay the government a share and everything will be fine. Today you can't even be sure if your house will belong to your children after you're gone or if the socialists will decide to tax inheritance to make sure most of your wealth gets redistributed after your death.
Unfortunately, corruption is one problem with government controlled investment and or partnership. This is why some of the things you have said can be possible. For example the tax citizens or companies pay to government are not properly accounted for but misappropriated into someone's pocket.
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