Bitcoin Forum

Greetings Bitcointalk!

I am very excited to share my latest long-form article called "Bitcoin is the Move". It makes a strong case on why Bitcoin is a great investment in today's macroeconomic landscape.
We all know and love BTC. Here I lay out why the recent macroeconomic shifts have made the case for it stronger and really have made it a no-brainer move for the average finance person who does not understand its intricacies and value proposition thoroughly. Presented with everything else in context, the investment looks obvious.

If you have time, I believe you will very much enjoy reading and may learn something from the piece:
https://stanislavkozlovski.medium.com/bitcoin-is-the-move-5fd5c6cfbe0c

after I read the article that you suggest, and in my opinion quite good and very actual.
This has become a new knowledge for me personally, how the upheaval of the situation before and after the pandemic.
I agree that it seems as if fiat money has become useless, which during a pandemic how to get it is more difficult than owning crypto. of course this is different from those who have large finances in their wallets. they can last long enough, and can get through a pandemic.

maybe I need to read your article twice, because if I read it once it will be very difficult to remember.

You can explain it as long as you want but at the end of the day we are talking about something that we crypto people know already and not shocking to us, this needs to catch the eye of some people who have money to invest but not involved in crypto right now.

The reason for that is crypto people are already here on bitcointalk where you share, we already know that bitcoin and few other good altcoins are great investments for us, and we should put our money into it because we believe in it, however this is promoting crypto as well so there is really no reason to do it to us. BUT! if you do it to people who are on like .. wall street maybe? I don't know rich people who are looking for profits, and convince them with it, that would actually make a lot of sense.

You are right, it's greatly undervalued, but its value is based on people's perception. How do you value something that isn't physical and that another person cannot value for you? For instance, stocks have their IMO price and knowing the value of the company and their yearly revenue you can decide whether it's a good or a bad price. Bitcoin doesn't have anything like this, that's why many people think it's overvalued and in a bubble, while in reality it is not.

Your article really speaks to Nakatomo Satoshi's mind when he decided to create Bitcoin. Thank you so much for showing me another new perspective from another smart person.
But to me, fiat money is still very important. It may not play its role well during the economic downturns, but it also has a lot of historical and political significance. Every fiat currency carries the history and value of that country. It is easy for us to judge what is a developed country and which is a underdeveloped country. Maybe Bitcoin for the moment can help everyone, but in the future fiat money will still dominate Bitcoin.

Proving the argument that bitcoin is the best investment will be easy because almost anyone who invests in bitcoin has not made a loss as long as he continues to hold it, even those who bought at $ 19,000.

The problem is not in the best investment, but how to get more bitcoin by investing using Dollar average cost, buying altcoin, invest using ICO, IEO, DEFI, trading and other investment methods.

as lazy investor, buying bitcoin and selling it will make you gain some extra free USD

But those people who have bought in 2017 ATH were for sure at loss, cut loss, and didn't mind selling at loss. I don't know anyone who has held until now that bought during that time. And if there's someone that has managed to endure all the painful trends in 2018-2019 and successfully saw it back on $19,000. He's a survivor.

Strong holders can easily do that but those who have bought at that peak were mostly newbies and have no idea what they're buying. This time, there's a lot of newer investors but wiser than them.

To a layman, it is all just about the price. For someone who is not even an average finance person, who does not even read much, barely knows something about economics, it is just a matter of simple math. Bitcoin was around $5,000 in March, $7,000 in April, $8,000 in May, and so on until it reaches $19,000 in November. Now, that alone already makes a very strong case.

The next challenge is to keep them hodling or even buying even in the face of Bitcoin reaching a new ATH. Well, a simple math would still do. There are around 18.5 million Bitcoin in circulation, almost 8 billion people around the world, 1% of which owns Bitcoin, more than a quadrillion of money in all forms around the world, and only a little more than $350 billion in Bitcoin market cap. Now, that somehow explains why Bitcoin is undervalued.

That's one of the longest medium posts I've ever seen. #claps

True.

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The problem is that ordinary people may not be financially literate or don't have the money to invest. They just take the monthly paycheck and have a little bit of savings (or none at all). I still think the best investment for average people is investing in themselves and their skills to earn more money.

My browser crashed,while trying to load this gigantic wall of text and graphics.
After 10 mins of trying to load,I finally managed to read your article and you have some good points here and there.
Are you so desperate to make money with Medium?Are you enrolled in the Medium partner program?
Anyways,if you are trying to convince people to invest in Bitcoin with this article,then I can say that you will have a hard time.
If I was a Bitcoin noob,I would be bored to death,while reading this wall of text and charts. ;D
By the way,where are you from?You have a Slavic name,so I assume that you are from Eastern Europe.

It really isn't underrated tbh, just that majority don't know of it, or know of it as a scam, and those that actually know, are quite frank, scared of what would happen if the bubble of 2017 happened again if they tried to invest. A lot of people were hit by that tbh, they tried to join in on the crypto train, only to discover that it would drop off to depressing levels, investors losing quite a huge amount depending on the amount of investment they made.

But really, instead of that wall of text and images, just post the growth levels of the Bitcoin market. It'd be a lot better as persuasive evidence for newbies than graphs of a lot of stuff related to finance, which they don't probably even know about.

a long article and I can say well prepared.
Many members of this forum will surely agree that Bitcoin is an investment but not for people who only know partially about or even only know from bad news about Bitcoin. whatever it is, if you consider Bitcoin as an investment, you must also understand about its shortcomings and understand all the risks of losing not only about the price that goes down but also how to keep it safe so hackers can't touch our Bitcoin.

If things are well decentralized, safe, easy for people to use and moral, I believe alots of people around the world will be bold enough to introduce crypto to others without much problems.
No good person will deliberately introduce things to people they will regret later.
In my opinion, Bitcoin is the only top cryptocurrency (as far as I can tell) I'm abit sure about.     It's also better than the fiats currencies most people use today. So, I could take that risk knowing they would eventually see why it's better than their fiats.
However, if anyone could easily run full nodes, take part in consensus, fully own their assets, etc, I especially will be very willing to introduce Bitcoin/crypto to many people

Thanks for the article. I agree with you that bitcoins is a great long term investment. I have been holding bitcoins for years now and try to recommend my friends to do the same. Even if the rally is not going to be as good as in the past, bitcoins should be a great tool to store value.

I bought some BTC in December 2017 for $ 19,000. :)  I don’t think this is a tragedy. 

Bitcoin should always be bought.  Any price is good.  If you bought bitcoin in December 2017 for $ 19,000, who stopped you from buying it later for $ 3,500?  As a result, the average purchase price will be good.  Bitcoin is a deflationary asset.  There are bear traders and there are bull traders.  But there are also bitcoin holders whose motto is Hodl!  People believe that Bitcoin is the future of the financial system. 

The ideological component in Bitcoin is very important.

Not all of us would be able to put our money into bitcoin. It is true that bitcoin is underrated but some of them is not actually using it because of the fact that they can't since they have a limited source of funds and they are too busy earning for their family that they don't have enough money for investing or buying bitcoin.

Presenting strong arguments does not mean that they will happen, but if it is true that any financial crisis will prove whether Bitcoin is a safe haven or is just an investment on risk.
We are talking about investment and not experimenting with a service. Therefore, investment is based on plans, analyzes and a prediction attempt that may give real results.

I've seen most businessmen don't want to invest in a high risk investment like crypto because they are certain that it would fail. Of course, it would fail if you don't understand about what did you invested plus the news about Bitcoin is not as good as what we know because the media is somehow spreading some rumors without even knowing the essence of crypto currency especially  Bitcoin.

Maybe because the majority of the people are not really risk-takers and would like to play things safely even though the risk is decreased over time as bitcoin matures and as it appreciates in value. This is why a lot of people are stuck on their cycles of lives is because they don’t take chances like this when it presents itself, thinking that they’re better off doing that 9-5 as it puts food on the table. Add to that the general laziness of people to crunch in new information that could prove beneficial to them if they only allot a few minutes of their 24-hr day into something. I blame Man’s innate fondness of taking the safer, and longer path than taking risks on quite dangerous ones that rewards handsomely in the end. Many of these people look at bitcoin with skepticism and a lot of negatives on their minds, even though bitcoin has been proving itself for more than a decade now with consistency.

I do believe that there is a case to be made about how bitcoin is in the finance world but also outside of the finance world that makes it a great investment. Think about it, we are talking about creating something that is decentralized and can't be changed in its nature, but the rich and whales could come in , buy in hundreds of millions, change the price of it, and speculate it.

Now the initial part where the system can't be changed because someone is rich, that part makes it outside of finance world, it is not at the hands of anyone and that is awesome news, but the second part where it is involved with speculation and manipulation makes the rich people not stay away, so they get trapped into our decentralized finance world because they want to make money. This is why it is awesome.

Bitcoin isn't underrated, people doesn't know the real value of bitcoin. People always find the market to be risk free. This isn't possible with cryptocurrency. The risk keeps large scale networks away from the bitcoin. Now the institutional investors are pouring the money into bitcoin experiencing the inflation of fiat around the globe.

The reason behind this, are misconceptions about its market value. This technology left an image to those who are not that knowledgeable, as a gateway to be rich. More of an idea that investing into Bitcoin and other cryptos, will give assurance that profit will be earned. So why is it not still getting that much attention to majority of the people!? because there are also impressions of it as a "scam" or fraud as it is being used in schemes to fool people. Also, the nature of market value of cryptos are unpredictable wherein market prices do suddenly fall, which contradicts the early assumptions of easy profit.

I wouldn't say "underrated", we are in a 300+ billion dollar market right now and to call that underrated would be not ideal. I would say we could still grow bigger and we are underrated in the sense that we have even bigger future than what we have right now which could be considered being underrated, but to give the idea that we are underrated because we are not doing well at all, I assume it will sound like we are at zero capacity right now.

I would say we are above 20% right now as it is, growing bigger exponentially is possible but to assume we are at the start would be wrong as well. We are nearly at 20 thousand dollars, even at 100k that would be 20% of the price already covered here and at 20% we are already ahead of the first steps we should be taking. So, I assume it is not as underrated as you might think.

That is one long ass article Stan. I am only halfway through yet and finding it quite informative and the views expressed seem solid. Thanks for sharing. Would you care expanding on this quote from the article. This is something retail investors should be educated about. Just a bit of explanations in this quote would suffice:

The article is very good but extensively long therefore maybe you would like to write the main points upfront so that people can have like a summary.

I do believe that Bitcoins is actually even one step ahead of our everyday technology and in this world there are not just people of our age , but other people too who might be conservative, don't know how to use it, would prefer investments like Gold etc. When it comes to cryptocurrencies like Bitcoins it's more of a personal preference and not necessity, therefore if these people are skipping it I believe this is really normal.

But I do think that now it's getting the recognition it deserves , media , news , companies, retirement plans , etc .. everything have started integrating them with Bitcoins so I believe this is really good.

In order to fully comprehend the power of crypto, you first need to understand who it helps and who it bothers at the same time. Why did some nations banned it? Because crypto gives power to people that would be capable of getting rich and powerful without need of their government and their huge corporations.

Someone who buys bitcoin, who earns money in bitcoin, could get richer with the rich people, there is no discrimination against any race, age, nationality, religion or anything in crypto, its simply just a code. So you can be a black in America, or Algerian in France, or any other minority in the world and instead of looking down on you like the traditional markets may do, it will instead will help you get away from those markets. Hence, this is an invention (crypto) that helps people who need help and hurt people who hurt.

I understand your point of discrimination in todays world still being present. But in the online world we are not looking at race or color. I would everyone who wants to invest recommend to go into cryptosm currencies. But if you only try to avoid prejudice from other people you don't need to go explicitly in cryptos. When starting to invest with an online broker no one is going to see your race or color too. The Internet and trading online is so anonymous these days.

Man, I would have given you at least 10 merit points if I had proof that you were the author of that article. (but I guess, you not to worried about that)

What a mouth full..... but worth the read. It really puts everything into perspective and it blows several holes into the "Toilet paper money printing machine"  ;D

I like how you tackled the problems with the fiat system and also other investment options and then ended with the Bitcoin alternative. That is how I teach my employees... "Do not come with a problem, without a possible solution.... think for yourself"  ;)

Great work and well done on an excellent article.  8)

Many underestimate Bitcoin because the government does not support Bitcoin, and its volatile price makes Bitcoin even more
risky to become an asset. Eventually the rich underestimated the future of Bitcoin too,  but Bitcoin proved to be the best asset
this year with its price going up to a new all time high. Even though this year there was a pandemic, it did not stop Bitcoin from
continuing to rise in price. Finally, several large companies and rich people began to be interested in investing in Bitcoin, so the
price of Bitcoin increased very quickly near the end of the year.

I believe its value is not low now, it is exactly worth it. You know, when a valuable asset is not controlled by anyone, it is priced by the crowd and this is its present value.
Obviously we know it is rare, but we cannot value it with practical evidence. So I think all the idea of underestimation is a misconception. :)

I also really doubt that there is a lot of people with a significant amount of money that have not heard of bitcoin at least once, in my opinion they are not the problem because they are on their right to invest in this market or not if they want, the problem is the average person, they do not have savings so in their minds bitcoin offers nothing different than any other investment opportunities since they cannot take advantage of it, and when it comes to bitcoin as a currency they do not see any advantage either because they do not care about being their own banks.

The average person does not have to navigate the intricacies of markets like professional investors or rich members of society who are engaged in increasing their capital. A simple person does not want to lose their last savings in the event of an unsuccessful investment, and therefore, in the absolute majority of cases, the choice will be made in favor of familiar and understandable financial instruments. Also, do not forget about the current epidemiological situation, which has put many households on the verge of physiological survival and also does not contribute to the emergence of thoughts about investment.

If people really don't understand the nature of bitcoin and how it works, they will probably make a lot accusation towards it.

Bitcoin needs to prove to them that it is a guaranteed asset for investment and trusted asset in the market.

It is treated like a useless currency because they are not seeing it physically and scams are destroying its reputation, but we need to change that mindset and start moving.

The idea of not having any type of discrimination is a whole economic thing and not just an online thing. Sure you could be anyone ever and if you can manage to build a good online business you could definitely do so if you want to, however the economics of it still required to be in the physical world as well.

Do you really imagine if Jeff Bezos was black he could have gotten this big? He would have been still trying to get a loan together to continue this job, dude didn't made a profit for over a decade and still grew bigger thanks to reinvesting everything he made into his business and had loans lined up to help him continue operations, discrimination happens there, not while making few thousand dollars or even maybe few million dollars. In crypto we will ignore all of that.

Then those people are missing the point of what an investment is, investing in something once it has been completely proven and made safe is the moment when that asset will only give marginal profits, for an investor the moment to invest in something is when you realize the asset has potential and it is relatively unknown, bitcoin despite its fame and how many people know about its existence has a wide gap between that and the actual number of people that use it so it is still early enough to invest in it but those people seem to not understand this fact.

Bitcoin is indeed underrated in the field of macroeconomic. A lot of people aren’t knowledgeable enough about it. Most people just know the “bad sides” of bitcoin because of fake news and scams made by scammers (not totally related to bitcoin community). In addition, it just doesn’t ring a bell and enticing to be explored on by some random people on the Internet. Hence, making bitcoin less known compared to other central organizations when it comes to investing.

However, during this past few months bitcoin’s value has been thriving which made a noise to the mainstream media. It is a good thing, but the normal people reading it must always be wary of the people who just want to take advantage and not totally help them. Bitcoin offers so much opportunity for all. It’s open whether you are poor, average, or rich. It is a great proposition to be invested on, yet majority is still sleeping on it. Perhaps it’s really all about individual’s awareness, eagerness to learn, and determination to generate income and profit to make it more known and be the next big thing.

Branches can make more branches. We can start by helping someone who is into investing and they could share it too with other persons they know.

It's hard to put an exact value on bitcoins because the prices are fluctuating fairly often these days. In my opinion I also think that bitcoins are still underrated. A price of BTC of 21,000 USD seems too high for some people, but there are still investors buying more. There is Jo fixes price because there is no real cap on how high bitcoins can rise. If seems very likely we will see higher rising prices in the near future.

This reminds me of Robert Kiyosaki's book "Rich dad Poor dad". Truth is such people rather settle for a pay check and do not take the necessary steps to improve themselves. They stay on a job because its safe to do so and miss out on everything else.

And we have, now the price is above 23k and it seems that it is going to keep raising for some time but this fast growth has me worried we know the whales have a tendency to play with us so small traders could be deceived by one of their tactics, I do not why but I get the impression the whales are preparing themselves to make a movement, this year we have sen a dynamic similar to what happened during 2017 and it is possible we see a repetition of its outcome as well.