why should anyone invest in btc right now? - page 7.

randy8777

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Quote from: Qunenin on September 17, 2016, 08:18:55 AM

You know most of the reasons are here to invest in bitcoin right now, First of all, we all know that bitcoin is on the top in all crypto currencies and if we invest in it than definitely it give us profit. And Secondly no doubt bitcoin will be remain in future, and may be something more goodness will be happened in bitcoin.

there isn't something as "definitely" getting profits. even not with bitcoin. if it really was that easy, then everyone would put their money into bitcoin and sit back looking at the profits they are making. you are either trading to make profits, or buying coins at lower levels to sell them later on at higher levels. everything you do has a certain risk involved.

Qunenin

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You know most of the reasons are here to invest in bitcoin right now, First of all, we all know that bitcoin is on the top in all crypto currencies and if we invest in it than definitely it give us profit. And Secondly no doubt bitcoin will be remain in future, and may be something more goodness will be happened in bitcoin.

tee-rex

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Quote from: Ayers on September 16, 2016, 12:50:02 PM

usage is tied to what people prefer over something, i see bitcoin as a different choice, it's like you are asking why we should choose mastercard when there is visa, for some bitcoin is better because it has some advantage over a debit card, like not be able to lose your fund while performing a buy order, they can not steal your credential because there is only an address

This is a double-edged sword which cuts both ways. While with Bitcoin it is impossible to steal your credentials, bitcoins themselves can be and are stolen on a pretty regular basis. With payment cards it is also possible to steal the money, but that happens on a by far lesser scale in general and can be easily prevented by using virtual prepaid cards (which are neither reloadable nor rechargeable) if you buy a lot of stuff online. Setting daily limits for your everyday expenses can also greatly diminish your exposure to the risk of theft in the case you are using regular payment cards.

1Referee

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Bitcoin is an interesting and hot investment tool compared to all the old fashion investment options. Potential returns are much greater, in the same time your investment in Bitcoin also functions as some sort of store of value tool, your money is stored outside the banking system, etc. All reasons as to why Bitcoin is a great investment option in todays world.

Edwardard

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Quote from: Watari on September 16, 2016, 07:08:08 AM

Is there really a future for it? Where would btc be used instead of your traditional cashless money via debit/credit cards etc?

1. yes there is a bright future for btc. in 2010, the price of btc was very very low, less than 40$, while today the price has increased upto 600$. btc has a great potential and it can make you very rich even if you just hold it and sell at the right time unlike fiat.
2. btc can be used in many online shops to buy electronics and other goods. but we still have to wait for the day when btc can be used in most of the physical shops as well. and believe, we dont have to wait too long for that day to come.

pooya87

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Quote from: Watari on September 16, 2016, 07:54:29 AM

Quote from: Snorek on September 16, 2016, 07:51:32 AM

Quote from: Watari on September 16, 2016, 07:08:08 AM

Is there really a future for it? Where would btc be used instead of your traditional cashless money via debit/credit cards etc?

Debit/Credit money is not exactly cashless. It is based on the same framework as paper money is. It is the same system called FIAT money.
Bitcoin is something else, it is transparent and finite monetary system. Of course it will be only more expensive over time - unlike every standard FIAT.

Thank you for your answer. But in order for btc to survive, or even thrive, wouldn't it have to be used a lot (at least much more than today)? And what is the probability of that?

I mean I have already bought small stuff with btc and it's neat because there are no fees etc for either side. But not many people have done it, I guess?

And why would it be only more expensive over time?

no not really. even if the level of usage stays the same in the future. bitcoin will "survive" even with the current price. because there is enough investors and also there is enough usefulness for it still.

but apart from all that, as it was also said before, bitcoin is still a new technology and as everything else it takes time to get adopted and grow to a level that price also rises with the mass adoption.

Rostadom

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People should invest in BTC right now because Bitcoin is designed to increase its value over time. If you invest right now, you're not going to profit in the next day. That's mostly the case but what if you invest right now and it pumped the next day, then you just earned profit in a day. On the other hand, not investing right now and there's a pump the other day, then you just lost your opportunity to earn some money.

Babayega31

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Quote from: Watari on September 16, 2016, 07:08:08 AM

Is there really a future for it? Where would btc be used instead of your traditional cashless money via debit/credit cards etc?

Many people who invest now in bitcoin because it is the quickest way to earn money . The most popular bitcoin a far lovers to online investing . Because bitcoin is down and up the prices and can also be used to purchase bitcoin to buy altcoins to sell it and get profit.Many user of bitcoin can do to earn money and easy to use.

mindrust

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Because we are on the track right now. If something major doesn't happen (like exchange hacks) Bitcoin won't go lower than 550$. Bitfinex tested this and as you see the support is very strong there. I don't say you should go all in, i say convert some of your wealth into bitcoin. You won't regret it.

Ibian

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Quote from: gentlemand on September 16, 2016, 01:22:17 PM

Quote from: Watari on September 16, 2016, 07:08:08 AM

Is there really a future for it? Where would btc be used instead of your traditional cashless money via debit/credit cards etc?

You've come to the worst possible place for an objective opinion. I myself don't think usage as a currency will be very widespread. For better or worse I think digital gold is a more likely outcome but anything could happen.

All of the above.

lexuz

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Quote from: Watari on September 16, 2016, 07:08:08 AM

Is there really a future for it? Where would btc be used instead of your traditional cashless money via debit/credit cards etc?

Not really but with bitcoin you can earn money, why we must invest in bitcoin. there is you heard before if there an investment that can easily give you a profit simply by holding it until prices rise.

gentlemand

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Quote from: Watari on September 16, 2016, 07:08:08 AM

Is there really a future for it? Where would btc be used instead of your traditional cashless money via debit/credit cards etc?

You've come to the worst possible place for an objective opinion. I myself don't think usage as a currency will be very widespread. For better or worse I think digital gold is a more likely outcome but anything could happen.

nealvanessa990

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Bitcoin have a great future.you can invest in bitcoin I am also invest in bitcoin.I was fool at 2009 I had chance to invest in bitcoin but that time I don't think bitcoin will increased that much.
what did you mean by this question Where would btc be used instead of your traditional cashless money via debit/credit cards etc?

harizen

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Quote from: Watari on September 16, 2016, 07:08:08 AM

Is there really a future for it? Where would btc be used instead of your traditional cashless money via debit/credit cards etc?

First of all, bitcoin is not meant to erase the use of debit and credit cards. It's just some sort of additional option.

Is bitcoin has future? Why don't check it for yourself since you already have some bitcoin on hand.

Quote from: Watari on September 16, 2016, 07:54:29 AM

And why would it be only more expensive over time?

Price volatility.

You will know soon what is this all about as long as you are building your experience in bitcoin world.

Ayers

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usage is tied to what people prefer over something, i see bitcoin as a different choice, it's like you are asking why we should choose mastercard when there is visa, for some bitcoin is better because it has some advantage over a debit card, like not be able to lose your fund while performing a buy order, they can not steal your credential because there is only an address

DuckKeeper

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Quote from: Ibian on September 16, 2016, 08:02:26 AM

There is absolutely no reason for you to invest in bitcoin.

There is no reason but the bitcoin is a whole new innovation and I think that its the future so its your own choice.
You are on this way maybe investing in the future of all currency, right ?

wikenpp

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Quote from: iv4n on September 16, 2016, 08:29:45 AM

I'm thinking about this question, why should anyone invest in bitcoins now? I think some people asked same question 5 years ago, and look what happened.
Seeing that and now, I don't see big difference. People who invest now will have a chance to make good profit when they sell their bitcoins for higher price. I think that is good enough for everyone to think about it, how much safe it is I don't know, I think there isn't 100 % sure investment today. Risk and make profit, stay on a side and miss a train, decision is only yours.

It is a feeling of gut and maybe also even taking risk. I never new that the price eventually would go up to 600 dollar but yet i Invested in bitcoin. For me bitcoin holds the future. Buying bitcoins would mean i would either be able to use my bitcoins in a shop, or profit from speculation. So Win Win.

The same applies for new users, when you buy bitcons approach it the way I did, you may see that it's a Win-Win situation for you too.

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Quote from: Watari on September 16, 2016, 07:08:08 AM

Is there really a future for it? Where would btc be used instead of your traditional cashless money via debit/credit cards etc?

The question is kinda confusing, anyway as for the future, i can say yes there is. Imagine the billion dollar involve in this economy. And the many people around the world that uses it. I think it will be hard to make bitcoin be forgotten because users keep growing by day. And merchants starting to adopt it and country accepting it to implement tax lol.

iv4n

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I'm thinking about this question, why should anyone invest in bitcoins now? I think some people asked same question 5 years ago, and look what happened.
Seeing that and now, I don't see big difference. People who invest now will have a chance to make good profit when they sell their bitcoins for higher price. I think that is good enough for everyone to think about it, how much safe it is I don't know, I think there isn't 100 % sure investment today. Risk and make profit, stay on a side and miss a train, decision is only yours.

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Quote from: Watari on September 16, 2016, 07:54:29 AM

Thank you for your answer. But in order for btc to survive, or even thrive, wouldn't it have to be used a lot (at least much more than today)? And what is the probability of that?

I mean I have already bought small stuff with btc and it's neat because there are no fees etc for either side. But not many people have done it, I guess?

And why would it be only more expensive over time?

Bitcoin is still a new tech, it was introduced less than a decade ago. Financial tech seems to be very orthodox branch of economy.

Banks are using transfer methods and accounting invented couple dozens years ago. Meanwhile blockchain based platforms are still evolving.

It takes years, sometimes even decades to introduce&implement new revolutionary system like bitcoin.

Bitcoin is far away from become an industry standard, especially in banking because huge power shift won't happen overnight.

Bitcoin will be more expensive because:

1. As it becomes more popular and demand increases which is equal to increase in value.
2. Bitcoin is finite, there won't be ever more than 21 millions of bitcoin.
3. Every lost bitcoin is beneficial and will make other coins worth slightly more.
4. Bitcoin is still in its infancy state and yet it is accepted in hundred of services around the world. To name a few: Steam, Dell, Dish Network, Expedia, NewEgg, Microsoft, Overstock.
Imagine when every online shop will start accepting it in the future - huge demand - huge price increase.

But again, no one is forcing you to invest in bitcoin. It is not some Ponzi scheme, where owner 'guarantees' that you will be rich. There is no such guarantee with Bitcoin.

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