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Bitcoin => Bitcoin Discussion => Topic started by: Zilon on October 12, 2020, 05:33:38 AM



Title: My view on Bitcoin
Post by: Zilon on October 12, 2020, 05:33:38 AM
Since the introduction of cryprocurrencies such as bitcoin in our present world, a whole lot who took advantage of it has made tremendous profits from investing and acquiring it. Bitcoin with its global value currently has become an investment tool for many across the globe. It is also a means of storing wealth with the strong hope of heavy returns in the future. I keep wondering what bitcoin would rise to  in the nearest future. In past decades when it was newly introduced it all sounded like a joke, many made mockery of it in which I was one of such persons. But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today


Title: Re: My view on Bitcoin
Post by: Yogee on October 12, 2020, 06:08:58 AM
Since the introduction of cryprocurrencies such as bitcoin in our present world, a whole lot who took advantage of it has made tremendous profits from investing and acquiring it. Bitcoin with its global value currently has become an investment tool for many across the globe. It is also a means of storing wealth with the strong hope of heavy returns in the future. I keep wondering what bitcoin would rise to  in the nearest future. In past decades when it was newly introduced it all sounded like a joke, many made mockery of it in which I was one of such persons. But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today
Perhaps you need to visit https://bitcoin.org/en/faq first then read about Bitcoin's characteristics before you go any further?

It is sad that people nowadays only associate bitcoin with "investment asset", "store of value", and "profit". There is not even a word about "blockchain", "decentralization", or "censorship resistance". Is this where the future of bitcoin is heading to? I hope not.

I also expect new tools or platforms to make sending or receiving bitcoin more convenient to the public but I hope that doesn't make them ignorant of how it basically works.


Title: Re: My view on Bitcoin
Post by: pooya87 on October 12, 2020, 06:19:01 AM
It is sad that people nowadays only associate bitcoin with "investment asset", "store of value", and "profit". There is not even a word about "blockchain", "decentralization", or "censorship resistance". Is this where the future of bitcoin is heading to? I hope not.
i dare say this is one of the bigger problems that bitcoin is suffering from. more and more people are forgetting that bitcoin is a currency and are focusing too much on the "fiat profit" they can make from it. of course more of the damage is to themselves since this mentality of thinking about bitcoin as a cash cow only leads to their panic sells when price has a small drop or some weird fluctuations.

the only positive thing is that i believe people with this kind of mentality are not the majority.


Title: Re: My view on Bitcoin
Post by: maydna on October 12, 2020, 06:53:12 AM
Since the introduction of cryprocurrencies such as bitcoin in our present world, a whole lot who took advantage of it has made tremendous profits from investing and acquiring it. Bitcoin with its global value currently has become an investment tool for many across the globe. It is also a means of storing wealth with the strong hope of heavy returns in the future. I keep wondering what bitcoin would rise to  in the nearest future. In past decades when it was newly introduced it all sounded like a joke, many made mockery of it in which I was one of such persons. But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today
Perhaps you need to visit https://bitcoin.org/en/faq first then read about Bitcoin's characteristics before you go any further?

It is sad that people nowadays only associate bitcoin with "investment asset", "store of value", and "profit". There is not even a word about "blockchain", "decentralization", or "censorship resistance". Is this where the future of bitcoin is heading to? I hope not.

I also expect new tools or platforms to make sending or receiving bitcoin more convenient to the public but I hope that doesn't make them ignorant of how it basically works.

It is no problem if people think of bitcoin with that such thing because the other people who have skills or have more knowledge will learn about blockchain, decentralization, and censorship resistance. I assume those "people" are the most common people who don't have much experience or don't have the right skills related to blockchain.

They can still use bitcoin as the payment system, to buy something using bitcoin besides understanding blockchain because that will need more learning to have that knowledge.

As long as people can know about the basics of using bitcoin, it will be okay because at least that can help bitcoin spread among them. Perhaps, there will be many other people who will learn deeper or details about bitcoin and blockchain.


Title: Re: My view on Bitcoin
Post by: 20kevin20 on October 12, 2020, 06:57:34 AM
It is sad that people nowadays only associate bitcoin with "investment asset", "store of value", and "profit". There is not even a word about "blockchain", "decentralization", or "censorship resistance". Is this where the future of bitcoin is heading to? I hope not.

I also expect new tools or platforms to make sending or receiving bitcoin more convenient to the public but I hope that doesn't make them ignorant of how it basically works.
We, as humans, seem to only want more and more no matter how much we have and we're capable to forget about almost anything if money is on the line. Once something becomes an opportunity to earn money, there will always be more people interested in making money out of it rather than looking into the subject. The objective a lot of people have over Bitcoin has changed long ago from "financial freedom" to "let's get rich" unfortunately.

the only positive thing is that i believe people with this kind of mentality are not the majority.
I'd argue against your point mostly from a personal experience; most of the BTC traders/investors I know bought high & sold low every time Bitcoin had a bullish/bearish run. It's usually the wealthy and smart traders purchasing the opposite way and not letting themselves be driven by emotions.


Title: Re: My view on Bitcoin
Post by: Upgrade00 on October 12, 2020, 07:20:54 AM
In past decades when it was newly introduced it all sounded like a joke, many made mockery of it in which I was one of such persons. But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today
I assume that people who did not get into Bitcoin even though they heard about it early would have not held on long enough to realize the gains they regret missing out on.
I often hear people discuss the rise from about $1 to $20k, very few however discuss the time frame and fewer would be able to hold onto their bitcoins now for 5-7 years even though there is a chart history of price appreciation, much less then when the network was still at infancy.
Reason why a lot of very early adopters sold at a loss, buying back during FOMO and selling at a loss again, so while it made a lot of people rich, it rekt some others.

On the issue of what attracts investors more between value and utility;
Bitcoin is a paradigm shift in the financial system and would definitely take time to go mainstream and for regular users to catch on fully. I personally do not mind if users are primarily attracted by price speculation or product utility, they are both integral aspects of the network and are not mutually exclusive. It's almost impossible to have one without a bit of the other.


Title: Re: My view on Bitcoin
Post by: Wexnident on October 12, 2020, 07:32:16 AM
But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today.
Yea, with how the association of investments with Bitcoin you just made, I indeed fold my hands in regret. I'm not against people knowing about the potential profits they can get from trading Bitcoin, heck I myself am one of them, but not knowing of what Bitcoin is before knowing of it as an investment is such a regret, especially since this stops the spread of Bitcoin in a proper notion. The fact that it's known as an "investment" also causes it to be assumingly linked to scams that use its name.

Plus, there's also the idea that regret really cannot do anything. It's funny how you said many made fun of it and mocked it, but what did they mock it for if all they think of it now is as an investment? Did they truly know what Bitcoin actually is even?


Title: Re: My view on Bitcoin
Post by: Oasisman on October 12, 2020, 07:48:39 AM
~snip~

It is sad that people nowadays only associate bitcoin with "investment asset", "store of value", and "profit". There is not even a word about "blockchain", "decentralization", or "censorship resistance". Is this where the future of bitcoin is heading to? I hope not.

Big fact right there!
If people continues to think of it as a store of value, then I'm not sure whether Bitcoin will continue to progress its value or it might gradually lose it's value in the future.
Bitcoin's creation wasn't supposed to be that way, it's supposed to be the address what people doesn't like about traditional banking system.

There's so much more about this technology than just a plain tool for investment.


Title: Re: My view on Bitcoin
Post by: romero121 on October 12, 2020, 07:50:23 AM
Since the introduction of cryprocurrencies such as bitcoin in our present world, a whole lot who took advantage of it has made tremendous profits from investing and acquiring it. Bitcoin with its global value currently has become an investment tool for many across the globe. It is also a means of storing wealth with the strong hope of heavy returns in the future. I keep wondering what bitcoin would rise to  in the nearest future. In past decades when it was newly introduced it all sounded like a joke, many made mockery of it in which I was one of such persons. But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today
Perhaps you need to visit https://bitcoin.org/en/faq first then read about Bitcoin's characteristics before you go any further?

It is sad that people nowadays only associate bitcoin with "investment asset", "store of value", and "profit". There is not even a word about "blockchain", "decentralization", or "censorship resistance". Is this where the future of bitcoin is heading to? I hope not.

I also expect new tools or platforms to make sending or receiving bitcoin more convenient to the public but I hope that doesn't make them ignorant of how it basically works.
Maybe that's disturbing the true cause for which bitcoin has been developed. However if people haven't thought of using it for money making through investment, store of value and on other profiting means it could've been far behind in its widespread and growth. Those served as a platform for the circulation to happen in the market, and maybe when the entire market takes over the banking functionalities people will realise the goodness of blockchain technology.


Title: Re: My view on Bitcoin
Post by: Oshosondy on October 12, 2020, 07:51:15 AM
I keep wondering what bitcoin would rise to  in the nearest future.
It will not be surprising to see bitcoin price rising more, although the price will be fluctuating in a way it will increase and decrease over a short period of time, but it will not be like that over a long period of time, I mean in a long period of time, the price would have increased very well, it is very certain that more people will make use of bitcoin in the future, which will increase its marketcap and also making the price to go higher. I took will encourage people to make use of bitcoin, to buy it, it is not like fiats that is controlled by centralized body and inflating it, bitcoin is different because it is decentralized and also a deflactionary currency.


Title: Re: My view on Bitcoin
Post by: sunsilk on October 12, 2020, 08:13:47 AM
How much was bitcoin then when you're just looking at it and not showing interest during its baby stage? being an investment, let's just embrace the reality that the majority that's in is in it for being as an asset class, due to the volatility that's going to make it as a store of value.

But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today
We can still make our present and future better by owning it today. Going back in the past and regretting it won't help you grow with bitcoin. But use that experience as a proof that you should never pass this opportunity that you have.


Title: Re: My view on Bitcoin
Post by: maxreish on October 12, 2020, 08:26:31 AM
We cant prevent people to think that new things, new technology like bitcoin will easily accepted. Of course, criticisms, doubts are always present. Without proof, without good reputation, people will not invest on thinga they haven't proof yet. But let us leave the past and move forward with the future.

Bitcoin today has many significant use,  more people are more interested in using the blockchain technology in thier business, using crypto payments, making it as store value. One thing is for sure, the evolvement and development is progressing.


Title: Re: My view on Bitcoin
Post by: crwth on October 12, 2020, 08:54:29 AM
Almost everyone that has and started looking into Bitcoin is for financial gains and the purpose of Bitcoin, and checking what Yogee has linked, it has been lost, the real meaning. It has become the idea and selfish desire of people to have that monetary gain using it. It's not the goal of Bitcoin, but it's the goal of many. Suppose someone could provide data on which traders, HODLers/investors, and users of BTC to differentiate the three. Like comparing on certain factors, usage, discovery, purpose, etc. of the people, then maybe we could see the bigger picture of what state we have on cryptocurrencies.


Title: Re: My view on Bitcoin
Post by: Alucard1 on October 12, 2020, 09:10:36 AM
It is sad that people nowadays only associate bitcoin with "investment asset", "store of value", and "profit". There is not even a word about "blockchain", "decentralization", or "censorship resistance". Is this where the future of bitcoin is heading to? I hope not.
Newbies or newcomers in the crypto world are the ones who are commonly thinking that cryptocurrency is all about investment asset, store value, and profit, I noticed that on some of my friends when we are talking about it they are just having a one thought about it which is the profit, but for all those persons who already have many experiences in the world of crypto, they discussed things about blockchain, decentralization, and censorship resistance.

Just for the reference for every beginner who are curious about those 3 things, here is the simple explanation for each term:
1. Blockchain - it is something that we can call as a spreadsheet on which it records all of the information about the transactions and each transaction generate a hash and each block refers to the previous block which makes it a Blockchain.
You may also look for this one: [Infographics] What is Blockchain and How does it work? (https://bitcointalk.org/index.php?topic=5144421.0)

2. Decentralization - all of the controls on your accounts are all in you, it has no third party, unlike decentralization.

This will also help you to understand it more.
https://bitcointalk.org/index.php?topic=5277688.0
3. Censorship resistant - it only shows that all of us can transact with the same network on the same terms, have a look at this one for more information.
https://academy.binance.com/en/glossary/censorship-resistance?amp=1


Title: Re: My view on Bitcoin
Post by: CryptopreneurBrainboss on October 12, 2020, 10:01:53 AM
I believe everyone on the forum has an interest in involving themselves in bitcoin related transaction either via trading or investing which is obviously why they're on the forum. Having said that, I don't think this is the best place to spread such message if you're interested in reaching out to non bitcoiners. Make use of your social network, they're in need of this information more. You regret today because you didn't buy into the idea of Bitcoin been a success, you're not to be blamed thought because it sounded almost impossible.

So many, even the so called top believers or holders never had such enthusiast they have now but as they watch the currency/technology grow they had more believe. Bitcoin current success is just a start, you're not yet late to the party. Time will come when been able to own just one bitcoin will be rare, you better get your hands on as many as you can at the movement as this (Investing in bitcoin) is the best bet against the future.

We all have our regrets of not investing from the very beginning, don't let that regret repeat itself when in the future those who didn't seize this opportunity would be regretting of not owning atleast one bitcoin when they had the chance too as Bitcoin was still trading within a buying rate for one


Title: Re: My view on Bitcoin
Post by: mangsitin on October 12, 2020, 10:14:22 AM
I agree with you, that bitcoin is a good digital currency to invest in.  today it is impossible for bitcoin to drop drastically to zero again.  but I also see bitcoin going up to the moon in the near future.  so my conclusion is bitcoin a good investment choice but have to be patient looking at the bitcoin chart today.


Title: Re: My view on Bitcoin
Post by: elisabetheva on October 12, 2020, 10:23:49 AM
I agree with you, that bitcoin is a good digital currency to invest in.  today it is impossible for bitcoin to drop drastically to zero again.  but I also see bitcoin going up to the moon in the near future.  so my conclusion is bitcoin a good investment choice but have to be patient looking at the bitcoin chart today.
I think anyone in crypto will do the same thing you say and there is no denying it. We all know that the Halving has passed and a period of improvement will occur in the next year. then we can be sure bitcoin starts moving at the end of the year to be able to achieve the maximum movement. bitcoin is a very profitable investment and it doesn't mean that altcoins are not good either, still as a counterweight to bitcoin altcoins are also worth investing in.


Title: Re: My view on Bitcoin
Post by: Warkop on October 12, 2020, 10:41:56 AM
Indeed at that time many people thought Bitcoin would not be expensive for the price and they thought that Bitcoin was not a very profitable investment, so it is only natural that now they and you are very surprised to see the development of Bitcoin getting better in the future. So never judge something if you don't know about the future developments of Bitcoin, because if it's something you take as a joke and when something becomes valuable you will regret what you said.


Title: Re: My view on Bitcoin
Post by: Lizzie_Girl on October 12, 2020, 01:19:15 PM
Please don't use bitcoin if you don't believe in the underlying value. bitcoin is meant as a tool of freedom for people. Not a fast cashgrab. We don't need cashgrabbers we need believers in a better-decentralized world outside the control of the filthy government. I mean do you even know where they tax you pay goes? Not a chance. How can someone ask you to pay them a large amount of your salary and not even tell you where it is going. You should have every right to know where and how your money is spent and bitcoin gives you this freedom.

Bitcoin is for those sick of restrictions and regulations. It is a currency not an investment. If you should think of it as investment stop thinking of it from a profit point of you and start thinking of it as the point of you that you are investing in blockchain technology and everything that goes with it. Only small minds focus solely on profit.


Title: Re: My view on Bitcoin
Post by: MusaMohamed on November 12, 2020, 03:33:12 AM
Since the introduction of cryprocurrencies such as bitcoin in our present world, a whole lot who took advantage of it has made tremendous profits from investing and acquiring it.
With investments, you need to say about chances and risks then profits and losses. The money in the market changes hands from losers to winners, that's it.

Quote
Bitcoin with its global value currently has become an investment tool for many across the globe. It is also a means of storing wealth with the strong hope of heavy returns in the future.
Your decisions will decide you will get profit or loss, not your hope.

Quote
I keep wondering what bitcoin would rise to  in the nearest future.
It is not my financial advice but the full bull mode will only appear when bitcoin breaks its all time high.


Title: Re: My view on Bitcoin
Post by: nebuch on November 12, 2020, 06:20:17 AM
Humans are not contented of what they have developed from simplicity to complex. The history of transactions started from exchanges of goods until the time money was created.
Because of incontentment, human being started to navigate and develop more advance tools then became a technology where electron, proton, neutron are all in. 'Til these days from failure development of airplane, cars, radio, television, and computer. Human being continueslly searching and developing more advance technology such as cryptocurrency in the way of blockchain. The digital era where the world is slowly getting to know the potential and promising cryptocurrencies where bitcoin is the main thing. Not impossible that in the future we will find the world attach with cashless society.


Title: Re: My view on Bitcoin
Post by: Serious475 on November 12, 2020, 03:35:00 PM
Since the introduction of cryprocurrencies such as bitcoin in our present world, a whole lot who took advantage of it has made tremendous profits from investing and acquiring it. Bitcoin with its global value currently has become an investment tool for many across the globe. It is also a means of storing wealth with the strong hope of heavy returns in the future. I keep wondering what bitcoin would rise to  in the nearest future. In past decades when it was newly introduced it all sounded like a joke, many made mockery of it in which I was one of such persons. But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today
when I started to know about bitcoin, I see it as a scam and just a waste of money so I set it aside. After a year, it proves me that I can earn with it so I managed to invest on it but end up losing a lot so I stopped it again. I said to myself that I am not going to invest on bitcoin again because I am really disappointed. Someone managed to reintroduce to me the bitcoin so I managed to listen and he gives me a lot of knowledge and when I re started bitcoin, I successfully  earned and that i the time i realized that knowledge is a big thing for bitcoin.


Title: Re: My view on Bitcoin
Post by: Yamust on November 12, 2020, 03:44:48 PM
My view on bitcoin is like what other people here said about bitcoin. They treat it as investment since they can earn profit from it the future, which we all know is right. We also know that bitcoin is a currency that can be used to buy something although, not like the other currencies that can use in all stores. But in the near future I believe that bitcoin will become the international currency in the world.


Title: Re: My view on Bitcoin
Post by: Fesatmas on November 12, 2020, 04:33:16 PM
It is sad that people nowadays only associate bitcoin with "investment asset", "store of value", and "profit". There is not even a word about "blockchain", "decentralization", or "censorship resistance". Is this where the future of bitcoin is heading to? I hope not.
i dare say this is one of the bigger problems that bitcoin is suffering from. more and more people are forgetting that bitcoin is a currency and are focusing too much on the "fiat profit" they can make from it. of course more of the damage is to themselves since this mentality of thinking about bitcoin as a cash cow only leads to their panic sells when price has a small drop or some weird fluctuations.

the only positive thing is that i believe people with this kind of mentality are not the majority.
regarding what makes the thread, in my opinion it's okay, maybe lack of knowledge and minimal experience. Of course it doesn't have a point of view just for profit. it's just that he has a lot of points to learn ... because a person's point of view and understanding of bitcoin is different. but despite all that I hope this is a natural thing, even though the appearance is not as we understand it. In the future he will realize many things, it's just that patience is needed to fully understand the nature of Bitcoin use and function


Title: Re: My view on Bitcoin
Post by: ChrisPop on November 12, 2020, 04:42:57 PM
It is sad that people nowadays only associate bitcoin with "investment asset", "store of value", and "profit". There is not even a word about "blockchain", "decentralization", or "censorship resistance". Is this where the future of bitcoin is heading to? I hope not.

Unfortunately that's the truth and I believe bitcoin will be regarded as an investment asset more than anything else until the price swings stabilize. A person does not have many reasons to use BTC for mundane spending when he believes in the future of Bitcoin. He will spend his cash and keep the Bitcoin.

I think financial services platforms who offer people the ability to pay with US Dollars collateralized by their crypto assets will have a tremendous market growth exactly for the reason I exposed above. It is logical for people to desire the unlock of their value held in Bitcoin while still benefitting from price appreciation.


Title: Re: My view on Bitcoin
Post by: TheUltraElite on November 13, 2020, 05:30:45 AM
Since the introduction of cryprocurrencies such as bitcoin in our present world, a whole lot who took advantage of it has made tremendous profits from investing and acquiring it.
Dude, at least spell the big names properly before posting the thread. :P
Anyway, there is also a whole lot of people who lost money too. You are seeing the survivor-ship bias here. Both groups may not have not known well what they were doing and so its out of topic to say that one group was advantageous of the other.

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Bitcoin with its global value currently has become an investment tool for many across the globe.
Considering the metrics of the investments in the world, nah. It is still a niche group. Of course bigger investment capital groups dont come under it, so you could be right too.

Quote
It is also a means of storing wealth with the strong hope of heavy returns in the future.
Wrong mentality though. Bitcoin was never meant to be an investment method, it become one, it was supposed to be a currency. Whether it gives big returns or big losses is secondary to its ideals.

Quote
I keep wondering what bitcoin would rise to  in the nearest future. In past decades when it was newly introduced it all sounded like a joke, many made mockery of it in which I was one of such persons. But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today
In this forum you might find people who would agree with you, but the world outside is not like that. Many people out there have heard of bitcoin and dont really care, even after seeing its price pump. Majority of people who investment are worried about legal problems and dont want to run into troubles in the late years of life. Be practical you will also understand the sentiment from their point of view.


Title: Re: My view on Bitcoin
Post by: 7788bitcoin on November 13, 2020, 03:55:11 PM
It is sad that people nowadays only associate bitcoin with "investment asset", "store of value", and "profit". There is not even a word about "blockchain", "decentralization", or "censorship resistance". Is this where the future of bitcoin is heading to? I hope not.
It is not a huge surprise that many are talking about profit and investment asset and a store of value, the first rally in bitcoin has opened this path and majority who joined the bitcoin market during that time wanted to take advantage of the early stages and accumulate as much coins as you want and if you look those in totality everyone contributes to the adoption and the problem happens when everyone forgets the core of bitcoin which is decentralization and censorship resistance.

It will take time and instances for people to understand the real meaning behind that, protesters from Honk Kong were using bitcoin to overcome the government restrictions and freezing of funds and recently people from Nigeria were using bitcoin when similar situations arised.


Title: Re: My view on Bitcoin
Post by: abderrazak belkhir on November 14, 2020, 07:23:37 AM
I believe that in the curent world situation the crypto is one of the best sectors that can lead you to huge profits but not anyone can do this
You must be wise and patient and of course you must know how you avoide scammers


Title: Re: My view on Bitcoin
Post by: voron7477 on November 14, 2020, 12:02:21 PM
Many people consider Bitcoin as an investment or a store of wealth. I'm wondering why they forget the purpose of launching Bitcoin.


Title: Re: My view on Bitcoin
Post by: Cnut237 on November 14, 2020, 12:27:03 PM
It is sad that people nowadays only associate bitcoin with "investment asset", "store of value", and "profit". There is not even a word about "blockchain", "decentralization", or "censorship resistance". Is this where the future of bitcoin is heading to? I hope not.

The price increase in fiat terms does help to drive adoption, though. As we head into a new era of economic crisis and massive government bailouts, the importance of bitcoin as a decentralised currency is highlighted once again. I'd argue that the FOMO-fuelled price increases help to differentiate, when we say "bitcoin solves this", between a scenario where people sit up and pay attention, and a scenario where they say "what's bitcoin?". That can only be good for the long term.


Title: Re: My view on Bitcoin
Post by: verita1 on November 14, 2020, 12:33:54 PM
Now that Bitcoin will be visible to more people around the world, it would be convenient for developers to build user-friendly applications.
Because Bitcoin can reach mass adoption if dapps are created in a low latency, fast and efficient network. In my opinion, Bitcoin can reach any public with the main objective of transferring money and contributing to the global economy.


Title: Re: My view on Bitcoin
Post by: Air--Miner on November 14, 2020, 05:29:12 PM
My view of bitcoin is that I think bitcoin will go up from year to year and now the price of BTC in 2020 is 1 btc worth 223 million and hopefully in the coming year it will continue to soar.


Title: Re: My view on Bitcoin
Post by: The Cryptovator on November 14, 2020, 05:52:16 PM
Many people consider Bitcoin as an investment or a store of wealth. I'm wondering why they forget the purpose of launching Bitcoin.
It's because peoples showing interest where they have profits. We are always getting advantage of bitcoin volatility and that's why we are too interested invest in Bitcoin. You are wondering peoples forgot about the goal of bitcoin, but I am wondering peoples even do not bother to use proper bitcoin wallets. We can't ignore the truth, we always like to see bitcoin on the uptrend. Very rarely we describe our honest view of bitcoin.

In my view, bitcoin is a currency where I would be my own bank. I can control my fund and spend it accordingly. Hold bitcoin for the future but not for a lifetime.


Title: Re: My view on Bitcoin
Post by: Mr.sprin on November 15, 2020, 03:58:25 AM
people have known bitcoin is one of the expensive coins and one of the digital gold in the future, bitcoin is getting more and more famous in the real world, the more people want to hold it and save it for future investment.


Title: Re: My view on Bitcoin
Post by: TheUltraElite on November 15, 2020, 05:34:16 AM
I believe that in the curent world situation the crypto is one of the best sectors that can lead you to huge profits but not anyone can do this
You must be wise and patient and of course you must know how you avoide scammers
I think you are referring to a long term approach in which case bitcoin is good as long as no huge problem arises in this world that takes down bitcoin with it. For the short term though the stock markets know their deal. Pharma and FMCG is what is making the profit these days if you had some holdings in those stocks already.

But I dont agree that anyone can make profits. I have seen foolish people put their money into other altcoins in the meantime arguing that they think it is going to go up - it is not, thats a ground rule when comparing with bitcoin.

Also avoiding scammers needs practice and experience. Newbies are at highest risk but I have seen veterans get scammed too, so no comments there.


Title: Re: My view on Bitcoin
Post by: kentrolla on November 15, 2020, 05:53:36 AM
The price of Bitcoin can unpredictably increase or decrease over a short period of time due to it's high volatility and liquidity, keeping your savings with BTC is not recommended at this point of time.

BTC is purely a speculative asset it's value and extreme volatility make people to give more priority for investment and that's how its growing and booming.   


Title: Re: My view on Bitcoin
Post by: DapanasFruit on November 15, 2020, 05:55:20 AM

Bitcoin is right now considered and accepted as an investment vehicle (just like buying a land or a house and lot or maybe owning some metals like gold or silver). And because of that, it can also be a store of value meaning we are expecting it to rise in the future and those who are holding it can be benefitted a lot financially speaking. In the original vision of Satoshi, Bitcoin should primarily be a medium of exchange just like the fiat cash but we know that due to many factors including its strong volatility this one big area where Bitcoin is still have a lot of catching up to do.


Title: Re: My view on Bitcoin
Post by: michellee on November 15, 2020, 06:26:47 AM
You already saw what was happened to bitcoin this year. We saw bitcoin price at $6,000 level in the early year, and even bitcoin price touches the lowest price in March this year. But after the price down, the price starts to rise high price. If you check on the bitcoin price movement, the trend still increases, although the correction will always come at the market.

Now, bitcoin price already makes the new ATH, which can increase higher at the end of this year or next year. That makes people want to buy bitcoin, and they will try to buy more and more before the price increase to the high price. They want to make sure that they will make a big profit in the next bull run.


Title: Re: My view on Bitcoin
Post by: Janation on November 15, 2020, 06:57:08 AM
From a currency to an asset.

In the past, my friend told me about Bitcoin and he said it as a cryptocurrency when I ask him and not an asset. He always says that in the future people will be using Bitcoin to pay their bills and buy things online and offline. Right now, it is more of an online asset that you need to hold and save for a period of time to generate a profit.


Title: Re: My view on Bitcoin
Post by: mich on November 15, 2020, 06:57:22 AM
bitcoin will look beautiful and make people want to have it when the price goes up continuously but when the price goes down continuously everyone is competing to want to sell it and said that bitcoin is a scam. time can never return

I think when the price goes down that people will look for more ways to get Bitcoin by working for it or by buying it,  Just because the price of Bitcoin goes down does not mean people think it is a scam.


Title: Re: My view on Bitcoin
Post by: ChrisPop on November 15, 2020, 07:11:53 AM
From a currency to an asset.

In the past, my friend told me about Bitcoin and he said it as a cryptocurrency when I ask him and not an asset. He always says that in the future people will be using Bitcoin to pay their bills and buy things online and offline. Right now, it is more of an online asset that you need to hold and save for a period of time to generate a profit.

I really don't believe people will refer to Bitcoin as an actual currency until its value become more or less stable. We made a habit to call assets anything that appreciates in value.

But this perception might change. After all Venezuelan bolivars are still called a currency even though it's price is suffering from huge inflation...


Title: Re: My view on Bitcoin
Post by: carlisle1 on November 15, 2020, 07:58:52 AM
You already saw what was happened to bitcoin this year. We saw bitcoin price at $6,000 level in the early year, and even bitcoin price touches the lowest price in March this year. But after the price down, the price starts to rise high price. If you check on the bitcoin price movement, the trend still increases, although the correction will always come at the market.
The lowest price Bitcoin ever had since 2017,that is the dump happens last march,but market recovers so fast and now we are in $16,000 level.
Quote
Now, bitcoin price already makes the new ATH, which can increase higher at the end of this year or next year. That makes people want to buy bitcoin, and they will try to buy more and more before the price increase to the high price. They want to make sure that they will make a big profit in the next bull run.
Nope Bitcoin never reach another ATH yet ,we have just took the 16k value in which 4000$ short from the $20,000 of 2017.


Title: Re: My view on Bitcoin
Post by: Traderbtcc on November 15, 2020, 02:14:48 PM
Since the introduction of cryprocurrencies such as bitcoin in our present world, a whole lot who took advantage of it has made tremendous profits from investing and acquiring it. Bitcoin with its global value currently has become an investment tool for many across the globe. It is also a means of storing wealth with the strong hope of heavy returns in the future. I keep wondering what bitcoin would rise to  in the nearest future. In past decades when it was newly introduced it all sounded like a joke, many made mockery of it in which I was one of such persons. But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today
Perhaps you need to visit https://bitcoin.org/en/faq first then read about Bitcoin's characteristics before you go any further?

It is sad that people nowadays only associate bitcoin with "investment asset", "store of value", and "profit". There is not even a word about "blockchain", "decentralization", or "censorship resistance". Is this where the future of bitcoin is heading to? I hope not.
Honestly, this is actually one of the most under rated fact in the crypto sphere today, everyone seems to be carried away by the investment and profit returns part of bitcoin, slowly they haven't forgotten what bitcoin was actually made for and how it helped to eliminate the middle man in businesses, these days everyone talks about the investment part more than they discuss about the "blockchain technology" or decentralization" , they all say the same thing, "bitcoin is an investment tool", I just hope this will be corrected sooner or later, the future won't be good for bitcoin, if it's only seen as nothing more than an investment tool alone. Change how you see Bitcoin


Title: Re: My view on Bitcoin
Post by: AniviaBtc on November 15, 2020, 03:34:00 PM
There's a lot of opportunity on bitcoin that can change your life and is worth it to engage.

I know that most of us doubted bitcoin at first due to its unique features compared to fiat currency. Look at bitcoin right now compared to its price before when bitcoin community is not popular.

Bitcoin's price is really unpredictable due to its volatility but I think bitcoin is really profitable once you handled and managed it properly.


Title: Re: My view on Bitcoin
Post by: kryptqnick on November 15, 2020, 03:43:11 PM
Since the introduction of cryprocurrencies such as bitcoin in our present world, a whole lot who took advantage of it has made tremendous profits from investing and acquiring it. Bitcoin with its global value currently has become an investment tool for many across the globe. It is also a means of storing wealth with the strong hope of heavy returns in the future. I keep wondering what bitcoin would rise to  in the nearest future. In past decades when it was newly introduced it all sounded like a joke, many made mockery of it in which I was one of such persons. But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today
Perhaps you need to visit https://bitcoin.org/en/faq first then read about Bitcoin's characteristics before you go any further?

It is sad that people nowadays only associate bitcoin with "investment asset", "store of value", and "profit". There is not even a word about "blockchain", "decentralization", or "censorship resistance". Is this where the future of bitcoin is heading to? I hope not.

I also expect new tools or platforms to make sending or receiving bitcoin more convenient to the public but I hope that doesn't make them ignorant of how it basically works.
I don't think of Bitcoin as an asset to hold and profit from. I really want it to be the money I could use just like fiat, but without a bank account. Unfortunately, the only way I use Bitcoin is that I sell it in small portions for fiat and then use the fiat to buy stuff. I'd love to use Bitcoin directly, but there is a very limited number of places where I can do it. Moreover, these are usually places that sell things I don't need, and I don't want to buy things with Bitcoin just because I can (I want the things to be what I need). So I don't blame those who see Bitcoin is something to get profit from.


Title: Re: My view on Bitcoin
Post by: Casdinyard on November 15, 2020, 03:56:46 PM
Since the introduction of cryprocurrencies such as bitcoin in our present world, a whole lot who took advantage of it has made tremendous profits from investing and acquiring it. Bitcoin with its global value currently has become an investment tool for many across the globe. It is also a means of storing wealth with the strong hope of heavy returns in the future. I keep wondering what bitcoin would rise to  in the nearest future. In past decades when it was newly introduced it all sounded like a joke, many made mockery of it in which I was one of such persons. But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today
Perhaps you need to visit https://bitcoin.org/en/faq first then read about Bitcoin's characteristics before you go any further?

It is sad that people nowadays only associate bitcoin with "investment asset", "store of value", and "profit". There is not even a word about "blockchain", "decentralization", or "censorship resistance". Is this where the future of bitcoin is heading to? I hope not.

I also expect new tools or platforms to make sending or receiving bitcoin more convenient to the public but I hope that doesn't make them ignorant of how it basically works.
I don't think of Bitcoin as an asset to hold and profit from. I really want it to be the money I could use just like fiat, but without a bank account. Unfortunately, the only way I use Bitcoin is that I sell it in small portions for fiat and then use the fiat to buy stuff. I'd love to use Bitcoin directly, but there is a very limited number of places where I can do it. Moreover, these are usually places that sell things I don't need, and I don't want to buy things with Bitcoin just because I can (I want the things to be what I need). So I don't blame those who see Bitcoin is something to get profit from.
That's no surprise to know more people are into Bitcoin and crypto investments than those aiming to just promote convenience with regards to transactions. There is a limitation with regards to the transactions for the users and even in areas wherein there is freedom from using cryptos as mode of payment. People will still aim for profit as what you've mentioned. Transactions are indeed fast but to what extent will it be more beneficial to the users knowing how huge their profit are getting from doing so. What's more likely happening is that people are more concerned with profit than convenience which is just showing practicality. As different individuals we are able to see something thru different perspectives, which reflects to its subjective importance to the users.


Title: Re: My view on Bitcoin
Post by: abel1337 on November 15, 2020, 05:55:49 PM
Since the introduction of cryprocurrencies such as bitcoin in our present world, a whole lot who took advantage of it has made tremendous profits from investing and acquiring it. Bitcoin with its global value currently has become an investment tool for many across the globe. It is also a means of storing wealth with the strong hope of heavy returns in the future. I keep wondering what bitcoin would rise to  in the nearest future. In past decades when it was newly introduced it all sounded like a joke, many made mockery of it in which I was one of such persons. But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today
Perhaps you need to visit https://bitcoin.org/en/faq first then read about Bitcoin's characteristics before you go any further?

It is sad that people nowadays only associate bitcoin with "investment asset", "store of value", and "profit". There is not even a word about "blockchain", "decentralization", or "censorship resistance". Is this where the future of bitcoin is heading to? I hope not.

I also expect new tools or platforms to make sending or receiving bitcoin more convenient to the public but I hope that doesn't make them ignorant of how it basically works.
I don't think of Bitcoin as an asset to hold and profit from. I really want it to be the money I could use just like fiat, but without a bank account. Unfortunately, the only way I use Bitcoin is that I sell it in small portions for fiat and then use the fiat to buy stuff. I'd love to use Bitcoin directly, but there is a very limited number of places where I can do it. Moreover, these are usually places that sell things I don't need, and I don't want to buy things with Bitcoin just because I can (I want the things to be what I need). So I don't blame those who see Bitcoin is something to get profit from.
That's no surprise to know more people are into Bitcoin and crypto investments than those aiming to just promote convenience with regards to transactions. There is a limitation with regards to the transactions for the users and even in areas wherein there is freedom from using cryptos as mode of payment. People will still aim for profit as what you've mentioned. Transactions are indeed fast but to what extent will it be more beneficial to the users knowing how huge their profit are getting from doing so. What's more likely happening is that people are more concerned with profit than convenience which is just showing practicality. As different individuals we are able to see something thru different perspectives, which reflects to its subjective importance to the users.
That is the reality, I'm pretty sure that there is just only a small population of bitcoin users that used bitcoin for its convenience like having an anonymous transaction. There are people like me that tried bitcoin for profit but in the end, fall in love with its key aspects such as a decentralized transaction. We do have different views on bitcoin when we start, when we are getting hold of it and when the time that we are fully using it. I believed that our perspective on bitcoin change over time as we use it because it is what I experienced. It was a bonus that over time merchants are started accepting bitcoin and it is better for us, the community, and the ecosystem of blockchain.


Title: Re: My view on Bitcoin
Post by: Fesatmas on November 15, 2020, 05:56:59 PM
From a currency to an asset.

In the past, my friend told me about Bitcoin and he said it as a cryptocurrency when I ask him and not an asset. He always says that in the future people will be using Bitcoin to pay their bills and buy things online and offline. Right now, it is more of an online asset that you need to hold and save for a period of time to generate a profit.
and finally your friend's statement is proven. Bitcoin is king in the digital world. so be lucky if at that time you follow the advice of your friends to invest. try to pay attention to the appeal of bitcoin in the spotlight of the world. Until the end of 2020 many great predictions about bitcoin are hitting ATH again.


Title: Re: My view on Bitcoin
Post by: Asuspawer09 on November 15, 2020, 06:30:03 PM
Since the introduction of cryprocurrencies such as bitcoin in our present world, a whole lot who took advantage of it has made tremendous profits from investing and acquiring it. Bitcoin with its global value currently has become an investment tool for many across the globe. It is also a means of storing wealth with the strong hope of heavy returns in the future. I keep wondering what bitcoin would rise to  in the nearest future. In past decades when it was newly introduced it all sounded like a joke, many made mockery of it in which I was one of such persons. But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today

Most people are gonna be afraid to try bitcoin at first since it was digital and most of the things on digital are scams. When bitcoin was just getting started people are just used to fiat money and online transactions are vulnerable to scams etc.

But I guess a lot of people realize the potential of investing in bitcoin, still, most of the people are gonna avoid it because we're just not used to it, and also it is not introduced by the government and not regulated so we can't really blame them if they are not trusting bitcoin. Hopefully, cryptocurrency will be the future of currency around the world since new technology could always be made.


Title: Re: My view on Bitcoin
Post by: michellee on November 16, 2020, 05:22:56 AM
You already saw what was happened to bitcoin this year. We saw bitcoin price at $6,000 level in the early year, and even bitcoin price touches the lowest price in March this year. But after the price down, the price starts to rise high price. If you check on the bitcoin price movement, the trend still increases, although the correction will always come at the market.
The lowest price Bitcoin ever had since 2017,that is the dump happens last march,but market recovers so fast and now we are in $16,000 level.
But we have to wait for the high price for almost 3 years and make many people suffer from the loss. Gladly, the market this year can recovers, although we have another lowest bitcoin price that happens in the early of this year. But from that moment, the bitcoin price increases, and now the price can touch $16k.

Now, bitcoin price already makes the new ATH, which can increase higher at the end of this year or next year. That makes people want to buy bitcoin, and they will try to buy more and more before the price increase to the high price. They want to make sure that they will make a big profit in the next bull run.
Nope Bitcoin never reach another ATH yet ,we have just took the 16k value in which 4000$ short from the $20,000 of 2017.
I think that is still a new ATH for temporary because after what we got since 2017, the bitcoin price did not reach $16k, but it can reach this year. But yes, we do not yet reach the new highest price for bitcoin, but we will later see the new ATH. We need to wait for more and have more patience.


Title: Re: My view on Bitcoin
Post by: peter0425 on November 16, 2020, 06:24:31 AM
Since the introduction of cryprocurrencies such as bitcoin in our present world, a whole lot who took advantage of it has made tremendous profits from investing and acquiring it.
They did not took advantage instead they risk their money waiting for long years before finally take their fruits,i think you don't understand what you are saying here.

Quote
Bitcoin with its global value currently has become an investment tool for many across the globe. It is also a means of storing wealth with the strong hope of heavy returns in the future.
We cab freely do such right?and besides this is our money that will be at risk.
Quote
I keep wondering what bitcoin would rise to  in the nearest future. In past decades when it was newly introduced it all sounded like a joke, many made mockery of it in which I was one of such persons. But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today

We are looking towards a new type of currencies that will change the views of everybody about how good is this.


Title: Re: My view on Bitcoin
Post by: catur123 on November 16, 2020, 03:04:27 PM
Indeed, many people are successful by investing in bitcoin, but not a few who are unlucky in bitcoin and leave bitcoin.
So my advice, as a layman, maybe you should deepen your knowledge about bitcoin


Title: Re: My view on Bitcoin
Post by: proTECH77 on November 16, 2020, 04:08:39 PM
Many people still see bitcoin as a hard currency,that is very hard to invest for someone to make a good profit. Bitcoin is very easy to invest if you can follow the rules and regulations guiding the business, and you will find it very easy to achieve your goal in the business. During the pandemic many currencies devalue which bitcoin was still maintaining the position of increasing in the market that was making some investors calling bitcoin the best currency among other currencies in the world, because of the rising, that make other cryptocurrencies reducing in the market.
Bitcoin is still rising despite the year is approaching that is causing other cryptocurrencies to reduce in the market and also make their investors worry about their coins if they should sell or wait till next year 2021 before they can sell because some cryptocurrencies will improve next year according to research.


Title: Re: My view on Bitcoin
Post by: Kez1817 on November 16, 2020, 04:20:13 PM
Bitcoin is not just a crypto asset and investment but also a payments method which can be use easily as long as there is an internet connection. Bitcoin is more developed now with a more than 10 years of existence.


Title: Re: My view on Bitcoin
Post by: Maestro75 on November 16, 2020, 04:57:11 PM
Reason why a lot of very early adopters sold at a loss, buying back during FOMO and selling at a loss again, so while it made a lot of people rich, it rekt some others.

This amused me big and I had a big smile reading through your comment on how lots of early adopters got themselves messed up by buying and selling at wrong times. This is the same situation a lot of people find themselves in today. Well, my view on Bitcoin is that it is a tradable non tangible asset. I see Bitcoin as fixed asset that I can buy and allow to appreciate in value and then sell it for  profit. I know many think Bitcoin is money.


Title: Re: My view on Bitcoin
Post by: jademaxsuy on November 16, 2020, 05:03:53 PM
Well, mostly we viewed bitcoin as a way to get out of the fiat currency inflation rate especially now that the fiats value are depreciated. So, in order to get uphold the value or worth of the money to be reserve over a period of time then using bitcoin as a reserve money or asset is ideal just like gold. However, if I am to chose between gold and bitcoin then I prefer bitcoin of course. There is the risk but for me it is manageable and could only be done by juat holding especially in down trend of bitcoin market and sell when bitcoin market is good. Buy low and sell high.


Title: Re: My view on Bitcoin
Post by: Yatsan on November 16, 2020, 05:44:10 PM
But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today

We all do commit and have regrets from the past upon ignoring existent things that we foresee to have no potential because of its low starting value and did not expect to grow up this big as of the moment. We have different perspective and ways on how we assess many things and see an object on different sides. People seeking for opportunity will surely engage into something that can potentially or even not potentially give them benefits which is taking up risks to seek for answers on curiousity they have in mind. People that got engaged into Bitcoin at its first years are the tough ones specially for those who hold for it despite of many circumstances that Bitcoin have faced on the past years of its existence. People still do have different stand with regards to Bitcoin which makes them consider or still not upon doing engagement or earning Bitcoin for their own sake. Maybe they are still finding their will to do such engagement which we do hope it will be soon enough to make happen.


Title: Re: My view on Bitcoin
Post by: roserich88 on November 17, 2020, 12:37:25 PM
Most importantly, blockchains are secure because they use cutting-edge encryption methodologies leveraging public and private keys.  Blockchain technology has showcased unprecedented prowess in enabling super-fast, super-secure, anonymous, and wholly transparent validation of transactions. In this article, http://techgenix.com/industrial-impact-blockchain/ (http://techgenix.com/industrial-impact-blockchain/) you can find many uses of blockchain across different industries. I think that the best, though, is yet to come.


Title: Re: My view on Bitcoin
Post by: skpanchal on November 17, 2020, 02:35:14 PM
My views on bitcoin on mainly focus on payment freedom - It is possible to send and receive bitcoins anywhere in the world at any time. No bank holidays. No borders. No bureaucracy. Bitcoin allows its users to be in full control of their money.


Title: Re: My view on Bitcoin
Post by: Albetrage on November 17, 2020, 03:01:42 PM
bitcoin is a pace setter


Title: Re: My view on Bitcoin
Post by: Fesatmas on November 17, 2020, 04:51:36 PM
bitcoin is a pace setter

what do you think buddy? :)
get used to reading the topic from the start, so you don't fail to understand. if nothing is understood, please ask your question. are you new here? but don't worry, you can discuss anywhere. don't be afraid to start, wrong and right, is a natural.


Title: Re: My view on Bitcoin
Post by: Mehedi72 on November 17, 2020, 10:49:56 PM
Bitcoin is not only the money making cryptocurrency but also the technology which going to bring a revolution in near future. Decenteralize crypto bitcoin is unable to control by anyone, that's why anyone can use it without hesitation. Its true that bitcoin can be the most trust source of money for us but also the currency of many facilities, for its user.but most of people don't know about those but its okey.cause if they enter this crypto market, they will know about others use of bitcoin automatically


Title: Re: My view on Bitcoin
Post by: Tahid12 on November 17, 2020, 11:54:29 PM
although there are lots of way to use bitcoin but most of people see bitcoin as the simple & easiest way to earn money. Recently bitcoin price increase a lot, that makes investors profitable and also attract new users view on it. But alas for them who miss this oppourtunity. Maybe its unfair to think bitcoin only as the method of earning. Thus bitcoin future will be apart from the purpose it was created for


Title: Re: My view on Bitcoin
Post by: uneng on November 18, 2020, 02:02:44 AM
Since the introduction of cryprocurrencies such as bitcoin in our present world, a whole lot who took advantage of it has made tremendous profits from investing and acquiring it. Bitcoin with its global value currently has become an investment tool for many across the globe. It is also a means of storing wealth with the strong hope of heavy returns in the future. I keep wondering what bitcoin would rise to  in the nearest future. In past decades when it was newly introduced it all sounded like a joke, many made mockery of it in which I was one of such persons. But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today
Bitcoin didn't reach its full potential yet. I know regrets are part of our lives, but someone shouldn't regret a lot for not owning bitcoins before, because it's possible to do this yet.
I see the predictions about bitcoin are very optimistic on long run, so new investors can still take advantage of that and buy some btcs to hold. And for those who are too much afraid of volatility they can also buy bitcoins, not for holding purposes, but at least to buy some stuff with this and see how crypto currency works. It's a good beginning already.


Title: Re: My view on Bitcoin
Post by: rodskee on November 18, 2020, 02:30:10 AM
Since the introduction of cryprocurrencies such as bitcoin in our present world, a whole lot who took advantage of it has made tremendous profits from investing and acquiring it.
If you are referring to the Early adopters ,then i believe that there is no taking advantage but what they do is "Taken the Risk" as i will give this question to you."Would you Invest In bitcoin like what they do in Past even though you have no full learning about this"?
Bitcoin with its global value currently has become an investment tool for many across the globe. It is also a means of storing wealth with the strong hope of heavy returns in the future. I keep wondering what bitcoin would rise to  in the nearest future. In past decades when it was newly introduced it all sounded like a joke, many made mockery of it in which I was one of such persons. But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today
So why still asking this when you are one of the first of the people who Mock on this?now that you have witnessed and understand this then better instead of asking why Lay your Cards and encourage people to invest and believe on this>?


Title: Re: My view on Bitcoin
Post by: bitterguy28 on November 18, 2020, 02:59:19 AM
Since the introduction of cryprocurrencies such as bitcoin in our present world, a whole lot who took advantage of it has made tremendous profits from investing and acquiring it. Bitcoin with its global value currently has become an investment tool for many across the globe. It is also a means of storing wealth with the strong hope of heavy returns in the future. I keep wondering what bitcoin would rise to  in the nearest future. In past decades when it was newly introduced it all sounded like a joke, many made mockery of it in which I was one of such persons. But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today
Good to hear that you accept mockery towards bitcoin and now folding your hands why not investing that time?

most of the time we are reacting just because of what we see and not of what we learn ,wishing you have made opposite decision in past but this is not the time for complaining and blaming instead this is the time that you need to Purchase now or be sorry again for another mistakes?

Look at the market The run is here again and at any moment another ATH will be recorded.


Title: Re: My view on Bitcoin
Post by: MCobian on November 18, 2020, 03:31:09 AM
I can understand why a newbie view or even many people see Bitcoin as only a digital asset to make money. Because Bitcoin cannot be
used in some countries as payment, and there are still a small number of merchants who accept Bitcoin payments. So it is only natural
that eventually many forget that Bitcoin is a currency. Even though I really wanted to try to buy daily necessities with Bitcoin, but my
country prohibited it. But I am optimistic that the government will slowly change its mind and allow the use of Bitcoin as payment.
What needs to be done now is to be patient and continue to promote Bitcoin so that it is better known to many people.


Title: Re: My view on Bitcoin
Post by: TheUltraElite on November 18, 2020, 04:50:28 AM
although there are lots of way to use bitcoin but most of people see bitcoin as the simple & easiest way to earn money. Recently bitcoin price increase a lot, that makes investors profitable and also attract new users view on it. But alas for them who miss this oppourtunity. Maybe its unfair to think bitcoin only as the method of earning. Thus bitcoin future will be apart from the purpose it was created for
Bitcoin is a currency, but we have been using it as a mode of investment as well. That however is a secondary thing compared to what fiat is for traditional markets.

While we have been taking investments in fiat for a long time, we became accustomed to it. For new crypto users this phase will takes time but gradually bitcoin will become second to fiat for them too.

I don't think it's unfair, but a gradual progress from one group to another.


Title: Re: My view on Bitcoin
Post by: witcher_sense on November 18, 2020, 05:49:33 AM
Bitcoin is more famous for its Technology know as Blockchain. Blockchain can change the whole system of financing the record in present. The concept decentralization and the owner itself. It very advance technology that makes Bitcoin unique and very valuable.
It is a common misconception that blockchain technology is what makes bitcoin valuable. The truth is quite otherwise. Blockchain technology is just a part of the Bitcoin system, it is basically a convenient way to record transaction history. It is a database that is easy to verify, but hard to add new lines in it. There is nothing revolutionary in such a database, we have had similar systems for decades. What makes it unique is the fact that nobody controls it, no admins there, nobody can fake the history of transactions, to add new lines, you have to perform some work. Bitcoin makes blockchain immutable and therefore interesting database.


Title: Re: My view on Bitcoin
Post by: peter0425 on November 18, 2020, 06:49:54 AM
My views on bitcoin on mainly focus on payment freedom - It is possible to send and receive bitcoins anywhere in the world at any time. No bank holidays. No borders. No bureaucracy. Bitcoin allows its users to be in full control of their money.
Only if the government allows this to circulate in their countries and this is the biggest mission we have here to have a freedom using crypto.

bitcoin is a pace setter

what do you think buddy? :)
get used to reading the topic from the start, so you don't fail to understand. if nothing is understood, please ask your question. are you new here? but don't worry, you can discuss anywhere. don't be afraid to start, wrong and right, is a natural.

seems like you are the newbie here because it has been mentioned all the time "Do Not Fed the Troll"


Title: Re: My view on Bitcoin
Post by: Sapphire915 on November 18, 2020, 07:09:50 AM
We cant really control the minds/views of the people as we cant control as well the price of Bitcoins. I believe that peoples views are depending on what he believes in based on what he had heard. Awareness and proper learning about Bitcoins awesome features should be done first before taking any actions nor saying negative things just to avoid complications and regrets in the end. This largest digital currency had been criticized by many during its new stage but now was already praised by growing numbers of individuals because it didn't fail to amazed us and exceeds beyond our expectations. During this strange time, who would have thought that Bitcoins price will continue to rise? Indeed, Bitcoins awesome features are too many to mention when we try to look deeper and do some relevant research. Investing and earning profits are just the two great benefits that it gives us who keep on believing it. For me as a whole, it definitely gives an easy life that we couldn't imagine.


Title: Re: My view on Bitcoin
Post by: mezzaluna on November 18, 2020, 07:26:17 AM
Since the introduction of cryprocurrencies such as bitcoin in our present world, a whole lot who took advantage of it has made tremendous profits from investing and acquiring it. Bitcoin with its global value currently has become an investment tool for many across the globe. It is also a means of storing wealth with the strong hope of heavy returns in the future. I keep wondering what bitcoin would rise to  in the nearest future. In past decades when it was newly introduced it all sounded like a joke, many made mockery of it in which I was one of such persons. But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today

We cannot blame the people who really started learning Cryptocurrency at its early stages. Its their advantage since they accepted Cryptocurrencies with an open mind like all people should do when it comes to new inventions. I was also reluctant at first but when I saw the outputs and results that cryptocurrency can bring, I started learning about it and its really useful if you want another source of income.


Title: Re: My view on Bitcoin
Post by: adzino on November 18, 2020, 07:46:00 AM
although there are lots of way to use bitcoin but most of people see bitcoin as the simple & easiest way to earn money. Recently bitcoin price increase a lot, that makes investors profitable and also attract new users view on it. But alas for them who miss this oppourtunity. Maybe its unfair to think bitcoin only as the method of earning. Thus bitcoin future will be apart from the purpose it was created for
Yeah, there are lot of ways to use bitcoin, but is it viable? Back then when bitcoin wasn't well know and used less often, people could make transactions easily with few cents as fee and get confirmation within an average time of ten minutes. But as more people started to know/use/trade bitcoin, the fee started to rise dramatically. When network goes underload, you will have to pay premium fee to get fast confirmation. So it no longer suitable to use it as a regular currency. At least now. It is then people have realized that bitcoin has store of value and gives them profit in the long run. Thus, people use it as a long term investment to make profit.
No one missed the "opportunity yet". You can still make profit in the long run if you invest and keep holding.


Title: Re: My view on Bitcoin
Post by: Inspiron14 on November 18, 2020, 08:44:06 AM
Since the introduction of cryprocurrencies such as bitcoin in our present world, a whole lot who took advantage of it has made tremendous profits from investing and acquiring it. Bitcoin with its global value currently has become an investment tool for many across the globe. It is also a means of storing wealth with the strong hope of heavy returns in the future. I keep wondering what bitcoin would rise to  in the nearest future. In past decades when it was newly introduced it all sounded like a joke, many made mockery of it in which I was one of such persons. But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today

no matter how it is a regret, and we know that the price of Bitcoin has gone up more than 10x,
but the opportunity might happen again, seeing many predictions that bitcoin can over $ 100k,
so indeed we should have it, buy bitcoin when the price drops again and watch it.


Title: Re: My view on Bitcoin
Post by: concept2 on November 18, 2020, 08:51:48 AM
Regretting the past can not solve the problem to all of us. Just simply accept the truth that bitcoin is now a gullible investment tool which many people want to taste the rewards. Our world is full of chaos and centralized economy. People just want to get rig off the central banks who only print money and cause inflation. Bitcoin, on the other hand, is centralized and it has been building trust for more than a decade.

If you still have a doubt in bitcoin, just see it for yourself. From a worthless invention, bitcoin is now become a part of top 20th biggest asset on the world. There are many rough steps ahead waiting for bitcoin. But I believe that sooner or later, it will become well-known as digital gold