Bitcoin Forum

I seriously believe that Bitcoin could be the greatest transfer of wealth in human history. Although my friends and family still think I'm crazy, but we shall see.

Let's just wait & see, you must have patience & be willing to HODL maybe without any real joy for a long time. Buy yourself a stash of coins, put them in cold storage & HODL for maybe 10 years. Realistically we're not going to the moon yet but you could find your prediction to be true in 10 years or so. It's worth a shot, just don't expect quick resilts, average joe isn't ready right now.

It's always amusing to see people conflate bitcoin's success with the "average joe's" awareness or adoption of bitcoin. Despite the mind-numbing, idiotic rhetoric of the self-appointed bitcoin "thought leaders" (with the exception of a few), did it occur to you that maybe bitcoin is not for the average joe? Has the average joe's lack of awareness of any number of financial products, luxury products, or really anything that isn't shit, hurt the success of said product?

It is the most disruptive money in... well, a long time anyway. It could transform economies and banking practices radically.

P.S. Regardless, your family still could be right about you being crazy.  Just kidding  :D

We still do not know the definitive answer to this question.
It is possible that bitcoin meet our expectations and become the best Investment of the century, but it is also possible that BTC does not meet our expectations fully.
Only time will tell :)
For now it seems that the growth of Bitcoin slowed and real profits (until now) are made only by those who have been involved from the very beginning.
Of course, if bitcoin becomes mainstream and globally accepted in the near future we will surely see the rapid growth of the value of Bitcoin and many of us, who hold greater value of bitcoin, will achieve significant earnings.
It is the hope of many bitcoin users, because frankly, most of us are here because of the money and profits and not because of the ideas or ideals.

For the price to rise, I think there needs to be even greater adoption than there currently is.

I hope that the popularity of Bitcoin will increase soon. :)

Funny thing is: if instead you ask them how they think their current money system works, which they seem to put so much faith in, usually they are utterly clueless.

Makes you wonder :)

Apple have loose 20% today.




Bitcoin ... migration ?  ;D

We can't say Bitcoin Could Be the Best Investment of the Century because no one can predict what will be price after few years. If few more big countries ban bitcoins means the price will be may be double or single digits.

So always investments on fixed property will be the safe and good. Some times it may take few years to grow but surely investor will win.

My father has started taking some interest in Bitcoins, he's not tech savvy by any means, he knows how to use e-mail or google terms but that's it and ever since I have explained him about how bitcoins work he really likes the idea and according to him the bitcoin is still a baby and a very safe investment which will bring about huge returns in future. The thing he really like is the idea of keeping your money safe with yourself without having to rely on anyone else.

I still rate it as a high risk investment in my porfolio. It might be the best investment I have ever made, or it might be the worst one... To hedge against big losses, I have diversified into other

commodities and I keep some of the profits from trading, to reduce the risk.

Would I tell people to sell their houses and invest in Bitcoin... NOPE... Will I tell them to invest some of their savings into Bitcoin... Sure! ...I have already trippled the interest I would have got from banks,

on the BTC I bought with it. If it turns out as the best investment of the century, I would be in a position to say, that I capitilized on the opportunity.  ;D

Are you just repeating what you read here: https://atriark.com/blog/bitcoin-best-investment-century

ROFL!

Sometimes is good to be considered crazy.
If you held Apple stocks back in the time and said you would hold long term = you are crazy.
If you held ColaCola stocks back in the time and said you would hold long term = you are crazy.
If you held Berkshire Hathaway stock and you said it would reach 200.000 per share in the next decades = you are insane and put into mental institution.

We Bitcoin visionaries are considered insane now, but as always, we'll be "investing geniuses" in 10 years time.

I believe bitcoin is a great long term investment. Every day more and more people hear about bitcoin and the price should go up, and stay there  8)
Buy now before its too late

Surely any investment relies on supply and demand. The answer is to increase the demand but to do that accessibility needs to be increased.

Why Bitcoin Could Be the Best Investment of the Century?

+ because it is antifragile
+because it is unexpected, it is emergence is likely a black swan event
+ it has 100% downside risk, but unfathomable upside risk.

One of the Biggest 'bets' of the century. yes, investment too

Biggest transfer of wealth? Do you mean that today's poor people will become rich? Nah. That won't happen. Already rich people are investing in bitcoin, which will make their fortunes even bigger.
Distibution of wealth don't change. Bitcoin created some 'bitcoin millionaires' as early adopters were pretty lucky to be part of the beginning of cryptocurrency, but that's it.

There is no easy money left in bitcoin.

yes, I agree with you
maybe now, rates not so good
like as many time ago, btc will get high rates again

Most of those rich cats are involved indirectly are backed by the known coinbase or other VC ventures.

So basically they do have a certain amount of bitcoin like you stated how the todays poor will never become rich. But very rare, small group will have a significant gain based on the value going up only cause they had a graphics card to mine with in the early days.

Investments made easy

 :D
Suppose you are looking for small business startups to invest your money. Finding a new business looking for investments is easy, but the associated paperwork can be a pain. On the other side, Bitcoin can offer a simple solution. Just use the QR code to make the transaction and save the trouble of filling out checks, presenting ID or signing documents.
 :D

Talk about cherrypicking examples and then making a huge, illogical leap of faith.

there will always be misinformed people, but I have faith that as a community, if we work together, we can get people to understand the Bitcoin technology
Considering how small bitcoin is in terms of users and the median amount of money per user that they have in bitcoin its still really early years. I think if you are looking 20 years out you're looking more like 10-100+ times its current value

The rates are decent, and you cant complain where its at for what its been through.

Esp the early times with bad horrbile exchanges like we know it, and still climbing should be noted. Its in the early breach of 300ish, which allows all of us holding the coin can get something decent or to pay a extra bill since the value is at a decent rate.

The paperwork is recorded as a proof that such an event happened where a transaction took place between two parties and their signatures are undersigned. This must be presented to the authorities when a tax raid takes place, otherwise it is considered money laundering where transactions take place but taxes aren't recorded. There are taxes related to bitcoin too, and people should look up to it, if they are going to be involved in such practices.

Yeah, the scenario will change in future as the adoption level goes high, and we never know what value it is going to hit in the future, The price would be more stable in the future as there is more adoption and will reach to a next level.

In the coming centuries bitcoin are going to become a best money trading,investnment group. Banks are going to stop slowly because of the tempor practices of banking which looses the investnment of poor. Rounding todays life Bitcoins are coming forward to the world. :) And stay like that in future!! ;D

Im sure and its pretty guaranteed at this point Bitcoin is insanely undervalued and not owning a couple of them minimum renders you mentally insane, but im not sure if we will see it actually being used massively, but rather being used while people dont even know they use it (infrastructures running under it). It would suck tho, i want a society of people paying with BTC everywhere.

My family and Friends also think the same. They probably don't want to hear investment options from young members of the family and say what do you know about investment.
But they will regret their decisions in future.

For somebody in his 60s or 70s, they might be looking at an investment which is stable and generate steady income. So they will let the young hotheads gamble, while they invest their money in government securities. Can't blame them.  :)

I always like to think that Bitcoin isn't suited *yet* for the average Joe. I'm sure there will be some new service that will make Bitcoin much easier to use.

Bitcoin the most incredible invention to come along in the financial system for centuries. It's full impact has yet to unfold even 1%. The current buyers and users are pioneers of future financial systems.

bitcoin definitely has the potential to become one of the better alternatives for storing and transferring wealth. and all that without the need for a third party.

I can imagine some stawk doing the tener, but that's nothing compared to bitcoin, bitcoin is going to do the tener with no risk whatsoever. That's a first!

yes with bitcoin we can easily transact, just like the beginning of family and friends also think I'm a little crazy. but this time my family has believed for success. The next possible my friend .. a matter of time

I think it is not correct. One do not have a any clear picture about what will happen to bitcoins after couple of years then how we can say it a best investment of the century? Prices are not controlled by any system but it is controlled by people hence no guaranty of the future. Only we can buy small portion of bitcoins and sell when prices go high to make some profit. One shouldn't invest in bitcoins for long term perspective because prices are very volatile. Just imagine people who brought bitcoins at 1000+ usd so bitcoins are not for long term investments.

Yes bitcoin is not a best investment for any long term. We can just buy for small quantity and take the price movements advantages. Do not go for long.

i doubt of this century because last years bitcoin was called the worst investment of the year, maybe we really need to wait until fees era to have something good from bitcoin

but i actually don't care too much, because i'll use bitcoin regardless of it going mainstream or not, because i like the way money can be transfered with it, and the fact that no one can know how many money you are holding with bitcoin...

I agree, bitcoin must be best ever investment opportunity of this century. Thanks to Satoshi, the genius designed the currency as a investment opportunity for early adopters. So people will get used to it.

It is to be honored your faith in bitcoin. I don't know if your have materialize your desire buying bitcoin in big amounts or yours it is only a conviction without having any bitcoin in your wallet. If it is the first option God helps you my friend because the thoughts say that bitcoin will go high and every coin will worth to much in the times to come. But are thoughts and not facts or things which for sure will happen. Anyhow you, in this case, deserve maximal respect.  If you are the second case you must be considered as a dreamer and only this.

because bitcoin has the fastest access to the current transaction and has ynag price higher than the other coins, this could make bitcoin be the best investment tool of the century

im not sure if bitcoin is the best investment in the century as you can see bitcoin is bit low right now
but even in the coming halving im not sure if the price will rise to the point we imagine,
but still im willing to invest in bitcoin.