There is nothing wrong with investing in something you believe in in the hope of profiting, but expecting to get rich is unrealistic and, yes, usually driven by greed. You might make some good money, many people have, but there are people taking out loans and abusing public benefits to buy Bitcoin. That's irresponsible and unwise.
If you really believe in Bitcoin, there is nothing wrong with putting some of your wages into it, as I do. But, it is very risky, so be careful and don't invest more than you are willing to lose.
People who are always trying to get rich without actually working will usually fail. I really feel that working and investing for the long term with an appropriate risk profile is a much better way of doing things than going "all in" as some in this forum have done.
Topic: Why people think cheap of those who say they want to get rich from bitcoin! - page 3. (Read 2738 times)
February 09, 2015, 10:34:24 PM
February 09, 2015, 10:22:51 PM
I don't have a moral objection to people "investing" in bitcoins, but it is not beneficial to Bitcoin. Ultimately, using (or destroying) bitcoins is the only action that increases their value.
Bitcoins only have measurable value when they are used. Bitcoins that are held have potential value, but no actual value. People that hold bitcoins rely on the people that use bitcoins to give their bitcoins value. If everyone held their bitcoins and never used them, then bitcoins would be worthless because they have no use.
People that say "I will never spend my bitcoins!" are lying. If they really intended to never spend their bitcoins, they would destroy them. People "investing" in bitcoins cause the price to rise only temporarily. The fall in the price of bitcoin has been a result of people that bought bitcoins as an investment now cashing in their investment. The price of bitcoin will continue to fall until the level of usage rises to support it, or until another bubble forms.
If you want to invest in bitcoins and also contribute to the increase in their value, then I suggest you do the following:
Bitcoins only have measurable value when they are used. Bitcoins that are held have potential value, but no actual value. People that hold bitcoins rely on the people that use bitcoins to give their bitcoins value. If everyone held their bitcoins and never used them, then bitcoins would be worthless because they have no use.
People that say "I will never spend my bitcoins!" are lying. If they really intended to never spend their bitcoins, they would destroy them. People "investing" in bitcoins cause the price to rise only temporarily. The fall in the price of bitcoin has been a result of people that bought bitcoins as an investment now cashing in their investment. The price of bitcoin will continue to fall until the level of usage rises to support it, or until another bubble forms.
If you want to invest in bitcoins and also contribute to the increase in their value, then I suggest you do the following:
Use your bitcoins,
and then buy more.
and then buy more.
Personally to me it sounds like BS that btc only have value if spent. Btc is at the very least a volatile store of value which tends to rise in the long run. Specially when the btc inflation decreases, it will certainly rise at a faster rate. Considering that you need to spend to give it value sounds stupid to me.
February 09, 2015, 05:28:52 PM
Greedy is being considered a bad attitude and the sole aim of getting rich is a pretty basic desire. While other people work pretty hard for their money, they don't want to see other people become rich by doing nothing, they feel this is unfair - which it is. When it comes to investments, people who don't dare to put money into an investment (Bitcoin) don't want it to succeed so they can rejoice not having lost an opportunity while staying safe.
No one works hard to get rich. Its a combination of risk + luck. To get rich you need to beat time. To beat time you need big quick gains. To beat big quick gains you need to risk. To win will risking means having luck.
So buy Bitcoin and good look you'all.
February 09, 2015, 01:58:14 PM
I don't have a moral objection to people "investing" in bitcoins, but it is not beneficial to Bitcoin. Ultimately, using (or destroying) bitcoins is the only action that increases their value.
Bitcoins only have measurable value when they are used. Bitcoins that are held have potential value, but no actual value. People that hold bitcoins rely on the people that use bitcoins to give their bitcoins value. If everyone held their bitcoins and never used them, then bitcoins would be worthless because they have no use.
People that say "I will never spend my bitcoins!" are lying. If they really intended to never spend their bitcoins, they would destroy them. People "investing" in bitcoins cause the price to rise only temporarily. The fall in the price of bitcoin has been a result of people that bought bitcoins as an investment now cashing in their investment. The price of bitcoin will continue to fall until the level of usage rises to support it, or until another bubble forms.
If you want to invest in bitcoins and also contribute to the increase in their value, then I suggest you do the following:
Bitcoins only have measurable value when they are used. Bitcoins that are held have potential value, but no actual value. People that hold bitcoins rely on the people that use bitcoins to give their bitcoins value. If everyone held their bitcoins and never used them, then bitcoins would be worthless because they have no use.
People that say "I will never spend my bitcoins!" are lying. If they really intended to never spend their bitcoins, they would destroy them. People "investing" in bitcoins cause the price to rise only temporarily. The fall in the price of bitcoin has been a result of people that bought bitcoins as an investment now cashing in their investment. The price of bitcoin will continue to fall until the level of usage rises to support it, or until another bubble forms.
If you want to invest in bitcoins and also contribute to the increase in their value, then I suggest you do the following:
Use your bitcoins,
and then buy more.
and then buy more.
February 09, 2015, 01:41:15 PM
When people don't like something they say you are "hoarding" or "being greedy". When they do like it, they say you are "saving for the future" or "investing in the future of ".
They tip their biases by the language they use to be negative about something. Usually it is those who are envious who are using the "greedy" label.
They tip their biases by the language they use to be negative about something. Usually it is those who are envious who are using the "greedy" label.
If someone wish to become rich and get into financial freedom by investing in bitcoin!
They are often looked down cheaply like
"lazy ones trying to get rich by doing nothing"
"bitcoin is to spend and it is not an investment to get rich or a get rich quick scheme"
People often hate those who want to become rich and are labelled greedy!
Why is this so?
It seems as if those who do not have the brains or skills to be innovative with bitcoin should not dream of becoming rich!
why so?
They are often looked down cheaply like
"lazy ones trying to get rich by doing nothing"
"bitcoin is to spend and it is not an investment to get rich or a get rich quick scheme"
People often hate those who want to become rich and are labelled greedy!
Why is this so?
It seems as if those who do not have the brains or skills to be innovative with bitcoin should not dream of becoming rich!
why so?
February 09, 2015, 01:35:15 PM
I think Harmonli sums it all up pretty well. its probably because people don't tend to like greedy attitude.
February 09, 2015, 11:20:54 AM
Greedy is being considered a bad attitude and the sole aim of getting rich is a pretty basic desire. While other people work pretty hard for their money, they don't want to see other people become rich by doing nothing, they feel this is unfair - which it is. When it comes to investments, people who don't dare to put money into an investment (Bitcoin) don't want it to succeed so they can rejoice not having lost an opportunity while staying safe.
well said! they dont want to take risk and speak of those who dare take risk to succeed in life
I can agree with this thinking.
It seems sometimes that most people only know how to complain because of their miserable lives, low paying jobs, family and social issues etc.
Complains will not bring you anywhere.
Instead of being negative take action, do something positive and you will see positive changes in your life.
For the most people is more easy (and more comfortable) to speak of those who dare take risk to succeed in life.
I feel sorry for them but choose not to feel any pressure because of this negativity.
I believe in the vision behind bitcoin and I'm ready to take action needed to succeed (and can wait how long is necessary).
February 09, 2015, 09:44:59 AM
Greedy is being considered a bad attitude and the sole aim of getting rich is a pretty basic desire. While other people work pretty hard for their money, they don't want to see other people become rich by doing nothing, they feel this is unfair - which it is. When it comes to investments, people who don't dare to put money into an investment (Bitcoin) don't want it to succeed so they can rejoice not having lost an opportunity while staying safe.
well said! they dont want to take risk and speak of those who dare take risk to succeed in life
February 09, 2015, 09:24:30 AM
Greedy is being considered a bad attitude and the sole aim of getting rich is a pretty basic desire. While other people work pretty hard for their money, they don't want to see other people become rich by doing nothing, they feel this is unfair - which it is. When it comes to investments, people who don't dare to put money into an investment (Bitcoin) don't want it to succeed so they can rejoice not having lost an opportunity while staying safe.
February 09, 2015, 09:21:28 AM
If someone wish to become rich and get into financial freedom by investing in bitcoin!
They are often looked down cheaply like
"lazy ones trying to get rich by doing nothing"
"bitcoin is to spend and it is not an investment to get rich or a get rich quick scheme"
People often hate those who want to become rich and are labelled greedy!
Why is this so?
It seems as if those who do not have the brains or skills to be innovative with bitcoin should not dream of becoming rich!
why so?
They are often looked down cheaply like
"lazy ones trying to get rich by doing nothing"
"bitcoin is to spend and it is not an investment to get rich or a get rich quick scheme"
People often hate those who want to become rich and are labelled greedy!
Why is this so?
It seems as if those who do not have the brains or skills to be innovative with bitcoin should not dream of becoming rich!
why so?
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