Bitcoin Forum

Firstly, despite Bitcoin's distinctiveness and its own complexity compared to other financial forms like fiat currency, gold, etc., its essence remains "money."
Secondly, the price volatility of Bitcoin is highly enticing; it constantly alters our psychology, which is why I refer to Bitcoin as a financial game.

Be mindful: if it's a game, there are rules to follow, risks involved, and winners and losers. Before you engage, research investment strategies, media influence, key influencers, benefits, risks, etc. Take charge of the game; don't let it control you.

When there is money flow, it's a financial game and this Bitcoin market is a zero-sum game too.

With Michael Saylor and MicroStrategy, according to their words, Bitcoin is the end game. Believe it or not, it's not important and Bitcoin is Bitcoin and will continue to grow in adoption, marketcap, trading volume.

The bullish case for Bitcoin (https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1)
Bitcoin is the end game (https://x.com/BitcoinMagazine/status/1767868131085627807).

Bitcoin can generate profits due to its volatility, bitcoin can hedge against inflation due to its limited supply, and its value is always increasing. Bitcoin is decentralized so it can be the safest place to store wealth because we don't need to depend on third parties and finally, bitcoin can be used as a peer-to-peer currency...It can be seen that it is a unique multi-functional asset in the world and how we use it depends on each person's purpose.

You can view bitcoin as a financial game to make a profit because that's your right, but that doesn't mean others can't use bitcoin for other use cases. In addition, it would be a pity to ignore the great uses that bitcoin brings, because no one prohibits and forces us to only use one of the many use cases of bitcoin. Personally, I would make the most of bitcoin.

"Game" is a word from the Anglo-Saxon world that in other languages should not be used when translating, but the literal equivalent is increasingly used.

Assuming that it is a game in the Anglo-Saxon sense, what we have to do is to win in the game, or at least not to lose, and for this there are a series of basic rules to follow, which are usually common to the purchase of financial assets.

But apart from the game, we would have to see what will remain of that initial dream of being a means of exchange to avoid the public authorities and central banks, which unfortunately I believe is increasingly far from becoming a reality.

Okay, Bitcoin is unique and complex, but at its core, it's still money like cash or gold. Its wild price swings are super exciting and constantly mess with our heads. That's why I think of Bitcoin as a financial game—it's always changing, always surprising.

But it's a pity that many are not accepting this as the truth, bitcoin is a digital currency, i means to holding financial asset for an investment which is profitable, governments know about this but pretends as if they don't because they can let anything overtake their power from them on regulations.


If we know and understand the way bitcoin market volatility runs, we are going to be successful in the market because its draws financial income to us after making an investment as long as we set a right track on it, hold and still make use of bitcoin in every specific area of interest for your profitability.


For everyone in charge of the game, will always be on top of the game.

In playing game you lose whether you have luck or not because it is not possible foe one to win a game at all time. But in bitcoin if are patient enough to wait for the long term investment then you won't lose and instead you win. And all you need to do in the investment of bitcoin is patient. And the risk only comes when you can't wait to see the new bull run or All Time High and sell your coins along the line. The risk is there foe impatient investors and not for the well knowledgeable investors.
I don't like comparing bitcoin investment with game or gambling. Though life itself is a gamble but the context used are different.

and it's finally time to lose for all these investors. Never mind how long they will wait now

Bitcoin was not created to be viewed as this in the first place. It was later that it can be used to play with stuffs like your mindset, buying low and selling high that it began to be viewed as a financial game. When you’ve been able to understand where the direction of the market is going, you can now hop in the direction that will favour you and once it begins to create that kind of psychological view in people’s mind, it becomes more like a game. I won’t argue with this your viewpoint as there is a lot of sense in it and only with this we have seen massive adoption and use of it today. It creates room to learn more and have knowledge about what you’re going to invest in unlike other assets that are basically base on your choice without much research about them.

It looks like this current Bitcoin dip greatly affected you.  Don't worry Bitcoin has a great ability to recover.  Players of this game won't let the game crash and die since this is the best source of money for them.  Someone will eventually pull the trigger for Bitcoin to start rallying just like the previous bull runs that break ATH and record new highs.


I highly agree, those who have the resources to hold long enough are surely the winner of this game.  The one who gives up is the failure while those who keep to hold and wait for the price to hit their target price is the one who is rewarded.


Bitcoin investment has its risks and the Bitcoin market movement is defined by the strategy of traders so for some people, this market looks like a game for them to conquer.

Guys, the problem is that especially in 2024 the market of Bitcoin is staying extremely unstable. Having reached all-time-highs at the end of 2021, the cryptocurrency market experienced several corrections then. I also thinking about investing into Bitcoin BUT the question is: passive vs. active income. The same money i could invest into active business, like a supermarket in a sunny country like spain and the rendite will be maybe much higher, its a headache topic. What do you think, and what do you think about investing in Gold instead of Bitcoin?

peace

https://nj-sanitaerdienst.de
 (https://nj-sanitaerdienst.de)

I don't know if we can call it a game or not but one thing is for sure, it does give you a sort of a feeling like you are in a game where you need to take certain steps, complete specific tasks, and increase your chances of getting more points, the points are your profit, of course.

If we consider it a game, then people getting involved in it need to understand that you can't play a game efficiently if you don't know or understand the gameplay and the levels. You start from the basic, which is generally easier, but as you move ahead, there tends to be harder levels that you need to clear.

So it's essential for players to have enough knowledge and understanding of the game before they get involved to avoid having the word "Game Over" appear on their screens.

I completely disagree.

Before determining the status of an asset such as bitcoin, it is necessary to find out in what proportion this asset is used. I tend to think that bitcoin is used more as an investment tool rather than money. If anyone has statistical data, they can add this to my post. Personally, I can assume that an indicator of using bitcoin as an investment instrument is its high cost. That is, if used as money, supply and demand would be approximately equal, and bitcoin would not cost ~$60-70k. But due to the fact that demand exceeds (invested money), bitcoin becomes more expensive. Also, multi-million dollar investments from institutional investors are confirmation of my words. In other words, most of the bitcoin is hold as an investment and only a small part is used as money (how many shops and individual sellers accept it as a means of payment?). Based on this, I say that bitcoin is not money, but an investment asset.

What is our life? - a game! :) You have the right to call it whatever you want.

Some even compare investing in cryptocurrencies to gambling. Frankly, there is something similar in this.

You can treat it that way, money, speculative asset like stocks, hedge against financial crisis, Store of Value, there are a lot of definition of Bitcoin, it just depends on how we look at it our how we going to used it.


Just to let you know though, that everything is life is a game, so in order to survived, you have to play and be smart. So like in Bitcoin market, it's complex as you have said and volatile, but if you know how to play the game and be that smart, take advantage of every situation given to you, like if the market goes down, then buy and accumulate, and then wait for it to go up and sell and make profits. Sounds very simple, but it takes mental toughness to go with it and win in the end.

It's quite interesting to see how you've been able to pass a vast information just with little lines. The entire game ideology makes this very interesting, just like the Jumanji game where you try to survive. Volatility leading to upward and downward price movements has a big say in who makes profit and who makes lose in regards to how the rules are been followed. Following the rules teaches you the basics to surviving and not incurring heavy losses from the market's volatility.

I suppose you can treat many things in life from multiple perspectives.  Bitcoin can be treated as Money, Investment, Pension Fund, Safe Haven, Decentralized Banking and many other ways.  Each of us treats it how we wish after all.  So if you want to treat it as a 'Financial Game', do so.  Since Bitcoin has value, of course there will be influences, rules to follow et cetera.  And the more value it has, the more influence will be attempted and thrown at.

What is most important is that you choose to treat it the best way it suits you.  It can be even a multitude of what I described above.  I use Bitcoin as Money just as much as I use it to have access to Decentralized Banking.  But in my eyes it is also a Safe Haven one way or another and I see how it can be a Financial Game too.

If you choose it to be a Financial Game though.  This means you probably care more about the value it brings to you than you care about Decentralization and Freedom it offers.

This seems to be a case of downgrading Bitcoin. Bitcoin isn't a mere financial game. You may use that reference to Wall Street and their products and whatever they do there, but it probably isn't the case with Bitcoin. In the first place, Bitcoin itself isn't volatile. It's the fiat value that is attached to Bitcoin that is volatile. Bitcoin isn't its price.

If we talk of Bitcoin strictly, it's far from volatile. Its protocol isn't unpredictable. Its rules don't suddenly change every now and then. You may, however, use this reference to fiat.

Everything in life is a game(or maybe life is a game). You have to follow the rules, have a strategy/plan in place, constantly improve your skills, find partners, use different tips and tricks, etc. Trading on the financial markets is no different than any other activity.
I don't think that Bitcoin's price volatility "alters our psychology". You just get used to it after a while. When I was a crypto noob, I was always obsessed with the BTC price and I freaked out when there was a big price drop. Things are different now and I don't care that much about the price volatility of Bitcoin.

Game Theory is real. Didn’t Michael Saylor just refer to Bitcoin as a game where whoever gets the most wins? While I don’t advise anyone to live their life this way, there is certainly no shortage of people who view their net worth as their score for the game of life. I think you should probably take your finances more seriously, but to each their own.

If you treat Bitcoin is a financial game, then any assets is actually a financial game too.

There are times Bitcoin rise higher than other assets, there are times other asset rise when Bitcoin dump, there are times other asset perform better than Bitcoin in terms of price.

The game is, predict the peak and bottom of all assets in the future, so you can win the game by buy at the bottom and sell at the peak.

On Wikipedia, an inline citation is generally a citation in a page's text placed by any method that allows the reader to associate a given bit of material with specific reliable source(s) that support it

If we talk about the investment and speculation aspect, the entire financial industry is a financial game, even gold not just bitcoin, where people will find ways to take each other's money, and that is the nature of finance.

So, there is nothing wrong with you considering bitcoin as just a financial game because there are many people doing the same thing, many are just here to make profits and will leave later. But that doesn't mean bitcoin isn't used in many other cases, many countries and companies...have legalized bitcoin and are using it as a payment method and currency like El Salvador for example. Or if you are active on the forum regularly, you can also see many people applying bitcoin to their business, many people consider bitcoin a safe haven asset...many people use bitcoin in their lives more than you think.

So the value of Dollar has decreased by thousands of percent in a decade?  It is not Bitcoin being volatile but Fiat?  Every time a ginormous Bitcoin drop happened it was just Fiat gaining back value?  If there is a big Currency out of the two, it is Fiat.  Not Bitcoin.  More over, Bitcoin is changing its price the same way simultaneously for all Fiat pairs including the strongest AND the weakest Currencies it is paired to.  This makes Bitcoin volatile, not Fiat.

OP, I don't understand your view saying Bitcoin Volatility is enticing which alters our psychology, No. I believe you speak for yourself. Bitcoiners are not concerned with her Volatility rather the value and price of Bitcoin of which I could say most investor find it difficult to cope without compromising there Bitcoin portfolio, the financial market itself is a game centre where all asset bargained for are games....
I believe you're using "Game" as illustrative situation where Bitcoiners and investors need to understand the rules governing the game (Bitcoin Market) and ensure they win at last and not get defeated because of lack of knowledge, plans, excessive risk, indiscipline,.

We can lose 'sometimes' and win 'sometimes'. That is the one that you should say, but of course, the game must also be fair because there is no way we can win if it isn't. In a BTC HODL'ing game, there must be two types of losses here, and that is one is temporary and the other is permanent. It was only a temporary loss is the one that we can experience if we are patient enough to HODL for the worst times and then wait for the best times to sell our coins.

It's okay if you don't want to compare BTC to a game. We can just let others do it. Maybe this can help them to become more better at it? And also we have this thread here as addition to other BTC topics to talked about with.

From what I have learned and understood about the crypto market so far, I have formed a theory that the crypto market is not at all for those who want to get rich overnight or make very quick profits. Cryptocurrencies are not for them at all because the crypto market is always very volatile and now the market is very high and sometimes the market is very low. They will panic and sell their coins or those who buy coins from low enough and can't sell even after the market goes up in the temptation that the market will go up more and make more profit in this way.

They lose all their profit, so the crypto market, especially Bitcoin trading can only be done by people who understand the market very well and have all the information about bitcoin. I see BTC as a long-term investment project. I think that after a few years, the money invested in Bitcoin will give me a profit that no other cryptocurrency, business, or gold can give me. Because the main reason for this is that the investment I made in Bitcoin a few years ago, I am getting so much profit from it that if I had started any other business, I would not have got that much profit.

Just like any other financial games, Bitcoin doesn't come with an instruction manual stating everything you have to do and when to do in order to be successful with this kind of investment. Therefore, even though you can learn a lot with early and veteran investors, you still have to learn part of the process by yourself, through your own personal experience, which can involve mistakes along the journey.

At same time you have to be in charge of your game, you must be also aware that you aren't that powerful and decisive on this game on the bigger picture. Whales who speculate and manipulate the market are. As consequence, rules plus risks change in real time, based on the actions of those big players. Everyone else are just small fishes trying to take advantage of the whales' movements in the ocean, so they can also make profit side by side, and consider themselves part of the winners' team!

I do understand your point but calling it a game might drive new investors away or even give off the general public the wrong idea.

Bitcoin is not a child's game. It is not a toy or something to play with but there are definitely rules out here that if you are not aware of, you might come out as a loser in the end.

This isn't even the largest dip we've seen recently!

We've seen much worse dips in the last 4 years, like the Luna crash that took BTC form 50k to 30k, the FTX bankruptcy that put BTC at all-time lows, the panic the Feds made after they tried to scare everyone from using crypto, etcetera. And then you have people trying to "get you out of there" because the price is going down, I mean, come on.

In this industry, nobody wants you to win.

In this concept Bitcoin can be viewed as a game because of it's dynamics and unpredictable price movements, it can be said that it plays a game of uncertainties with our minds. Like analysts that are predicting Bitcoin price to reach $100k in this year, but it is all speculations because we don't know when it will happen, all we can do is hodl and wait without a definite timeframe. Although we cannot compare Bitcoin game to that of gambling where it is luck that determines the outcome, with Bitcoin we know that despite that it is volatile, it's history has shown that it will always reach new ATH price, the only puzzle is when will the ATH happen, and that is where the game is.

He said financial games are not children's games, have you seen any children participating in financial games? I think there is a huge difference when it comes to casual games and financial games, and it is not difficult to distinguish.

Even though what OP said sounds harsh, what he said isn't wrong. Once we engage in investment and it can bring us profit or lose us money, it is called a financial game and bitcoin is no exception.

The idea of ​​creating bitcoin was to be a peer-to-peer currency, Satoshi did not create it with the intention of turning it into an investment. But we turned it into an investment to make a profit from it, so it cannot be denied that it is a financial game.

Well whatever you call it its fine as long as you don't spread negativity on bitcoin. Also its depends on what bitcoin you think can do for you since if you aim to invest with it then its financial gain since you aim to get profit with bitcoin and that's really fine since lots of people aiming to acquire great profits from their long time investment with bitcoin.

That's why for beginner investors they should not see bitcoin as easy way out of poverty since there's a lot of thing need to learn or consider before they can earn with it. Also it needs long time experience, research and everything you want to consider before you see a best result from this coin. You have good points in your points and people should be mindful or attentive so that there would be no possible flaws we made then possible to earn with currently what we do on our bitcoins.

Life itself is a financial game and money is fun coupons. The more assets you collect, the richer you get and when you get rich enough, your assets will work for you and you can do whatever you want with the rest of your life. That’s how you win this game. It is fairly easy to win too. You just need to focus on your goals earlier in your life when you have the time and then get a good job or start a business and keep saving. Bitcoin is just another asset you need to keep an eye on in this game.

well, I think, it's okay to think bitcoin about anything. Basically bitcoin was created as an online decentralized payment alternative. However, many people think that bitcoin is an investment tool, and is often compared to gold. In addition, many people think that bitcoin is a gambling tool, or even a scam. However, people will have their own opinions, but what matters is how we use it.

Yeah it's true to some extent. The biggest thing you can do is that you should practice to control on your nerves.The market is volatile and to survive in these kinds of conditions you should have a very strong control over your decisions and investments.

The plan should be clear and the profit should be set. After achieving the calculated profits you should exit the market no matter what the conditions are. Greed is not good in crypto if you want stable income.

This may be considered as true but this cannot be taken in its totality because beyond the just financial benefits of bitcoin of which it helps to mediate transactions, is the fact that it can be seen as a store of value and the volatility  of its value progressively going up keeps it distinct from others and that is why it can be seen as a store of value and an investment opportunity. True its a financial game just like it can be seen in the regular fiat where the bid for the supremacy of a currency over the other keeps nations continue in trying to get economic conditions that will strengthen their currencies so as to make it add more value to become such that is strengthen and considered superior over the other.
The game of finance is such that when considered in the case of bitcoin to other currencies, its something we see the advantage of bitcoin over others in the the fact that its value keeps moving upward and appreciating in a very high percentages unlike the regular fiat that does  little percentages in a very long time.

Bitcoin has been so known for its volatility and high risk but despite these things, people still think that investing in bitcoin is profitable and an opportunity that a person should not ignore. Whether it is a financial game or not, what we want is to make money out of it --maybe that measures winning.

Well, I say that a person who wants to become rich and financially stable must acquire more valuable assets not just bitcoin. They could buy bitcoin, bonds, real estate, etc...all these things generate money. But without financial knowledge and the right way of spending our money, nothing will change in our lives and we lose the game. Therefore, we don't just know how to invest in these things but also, we must also know how to invest in learning finances as this is the winning ticket.

only latter two generate something.

Bitcoin is not as complex as many may claims or proclaims it to be neither does it seems to be a game nor that risky as when compared to forms just as you have mentioned above, Bitcoin stand among the best if not the best when it comes to digital asset class as it has a good foundation and has proven to have gained a more wider spread adoption and a tremendous increase in value. Bitcoin investment is best when viewed on a long term perspective and every investor must adopt a strategy or strategies that will only suits him or her in terms of his financial capabilities, risk tolerance level, investment goal and objectives, which is the only way he can be able to hold for long without selling too soon when he is meant to be accumulating. Volatility is an inherent trait of Bitcoin where an ideal investors only takes advantage of it without panicking in order to have a good size of Bitcoin up to a reasonable amount by maximizing every opportunities in the market to purchase Bitcoin which will put him in a substantial overall return of investment over a long time of a about possibly 4 to 10 years or more.

Bitcoin is perhaps more complicated than gold, but it's not more complicated than fiat. Fiat isn't just banknotes. It's also complex monetary policies, evaluation, control over supply and inflation, as well as digital systems of handling fiat payments. Bitcoin is simpler than fiat, and its transactions are more straightforward. Gold is simpler because it's tangible, but we can't know the total supply for sure, and gold can't be transferred digitally. So considering the functions Bitcoin is able to perform, it is simple enough as a currency.

Well, I would not describe Bitcoin as a game, and as a fact, I don't mistake assets or investments as a game. I think it's strange to describe Bitcoin as a game; it is an asset that many people cease the opportunity to acquire it as their investment. In order to be successful as a Bitcoin investor, you need to learn and understand the pros and cons of Bitcoin. The reason why some people have not invested in Bitcoin already is because they fear that the price can drop, but they don't realize that Bitcoin is not a shitcoin. Even if the price of Bitcoin drops, it will definitely rise again. Every investment has its own side of risk and rules, and when the investor lacks specific knowledge about such an investment, they may experience bad investment. That's how Bitcoin is. 

The same for other financial products that have risks associated with gains and losses. And for each financial market that someone will be involved with, there will always be losers and winners.

If it's about risk and gain, Bitcoin isn't different from the other assets and investment vehicles that have been known for so many years. While it's still considered as one of the youngest assets in the world.

This is a game for the new generation while many that prefer traditional investing and assets won't get into it. And this is the beauty of this game, it's not just for the young but also for everyone at any age.

I don't play any games here. I consider myself a believer in bitcoin and its value and I hold it because honestly I can't find anything better. Everything I buy is troublesome.

I have an apartment and there's always something going on. I have to insure it, they up my rent every year, the cost of water and heating goes up, I get notified and have to pay it, I have tenants and they have their own requests...
With no tenants I wouldn't be able to afford it because it would cost me a few thousand $ a year to keep it.

It's the same with a car. I have 2 and it's always something if you want to keep them in good condition. Bills to pay, cleaning, making sure they're parked in the garage when there's a storm or snowy weather.

Bitcoin is a buy and forget type of asset.

I understand your point; we all have bills to pay and various issues to address. However, personally, I consider Bitcoin as a game that helps me understand the rules and minimize risks (if any). Everyone has their own choices.

It is money but its specialty is that it is censorship-resistant and decentralized. Nobody can stop you from using bitcoin just because they want to and nobody can shut it down on their own.

That makes it way more than something just like "money".

That is when you compare the USD value of bitcoin. But that n BTC always remains n BTC - just the market price changes. This has nothing to do with bitcoin itself. It is what the people buying and selling against USD have to put in.

You sound more like those motivational monkey suits, trying to sell their own koolaid. In this forum 99% own bitcoin or buy it, no need to reiterate that.

Bitcoin isn’t just money but freedom and the basic concept of bitcoin was to have a form of currency controlled only by the holder without a third party interference like the government and you can believe me that bitcoin has done its best and tagging bitcoin as a financial game simply because of it’s volatile nature is wrong and tho people are already taking advantage of the volatile nature of the coin doesn’t make it seem like a game.

Bitcoin is a decentralized digital currency and we should accept  it for our freedom.
As a long term holder, bitcoin should be your first if not major and only choice of consideration for now and a believer of bitcoin wouldn’t have to see himself as a player but rather work towards having more bitcoin(freedom)

OP is not a newbie , and I think he understands very well what you are explaining , and it is just a matter of his choice .
I think he is not wrong because no one has the right to dictate what he should and should not do with bitcoin , the fact that he considers bitcoin as a financial game is his choice , not all of us . If OP is wrong just because he sees bitcoin as a financial game then the people who deserve more criticism are the criminals who are using bitcoin for their  illegal activities  . Bitcoin as well as many other assets and tools, people are free to use them for any purpose they want and we have no right to interfere.

For me, bitcoin gives me more than just an investment and I will use it according to my purposes, I don't care how people use it.

I guess it's fine to look at bitcoins as a game, some people see the stock market as a game and play it for fun. The question is what to you want from bitcoins. In case you are in it to make money than the categorization of a game might not be the best approach. Using some spare money that you don't need otherwise and trade for fun is great to learn more about crypto currencies. Just don't invest all your savings in something that you view as a game. With the high price bitcoins have been trading on for several years now there are many people who look at bitcoins as a serious investment. Looking at it only as a game you will be missing out.

Hmm well, that's totally up to you how you process your journey with Bitcoin, for some of us it's just a trading pair, for some of us it's a long-term financial investment opportunity, for some us is the store of value, and for some people, it's just a bubble haha even though the bubble narrative is not much entertained.

Well, whatever it is currently I'm in love with it, so keeping it simple explore and find yourself what is it. TBH you wont regret doing that.

You know that all bitcoin holders make money because of the volatility that bitcoin has, even in other cryptocurrencies. Do you know that? Without the volatility of a cryptocurrency or bitcoin, it is for sure that no one can make a profit in this field of the crypto space.

So what others think is that volatility is dangerous is not the concept that other communities believe in here, because where our fund is invested in Bitcoin or crypto/financial, there is profit that we can get even though it has a high risk associated with it.

Op sorry, I'd rather be involved in a game, because whatever we do requires a game to be played. People have to climb stairs to reach the top, each step is sometimes slippery and mossy. But it's all a process that you can't skip so we'll follow the rules of the game. If Bitcoin was just a game then I would be more interested, whatever the rules of the game don't matter than having to be a spectator, commenting, never doing anything just shouting nonsense.

In my opinion, the risks of mainstream media, insults, insults are just the spice that makes Bitcoin even more popular. (Newton third law).  ::)

This is right only if you see bitcoin as a financia tool, but some people see it from the technical side. As developer I see bitcoin as a software, it's something that you can code and integrate to webs and apps. And that's the awesome part of bitcoin. If the price change that doesn't affect the code.

I think there are many ways to see bitcoin, and developers doesn't care at all about the current price.

Regardless of what you call it, I am more interested in discussing the risks that we must bear and realize from the start.

When in a situation where we require sacrifice from the start, it must be realized that in the end risk management becomes an important condition so that we are not wrong in approaching what we are aiming for.
Bitcoin is a good innovation for now and indeed even though the goal is to make us realize that in the end the system that bitcoin has will make us comfortable because there is no direct intervention from third parties because the initial purpose of bitcoin is as an option for payment but increasingly we can realize that the benefits of bitcoin turn out to be more than that and investment is clearly one of the benefits that we can deepen when in bitcoin only indeed with volatility as you say then we must realize that risk is definitely there.
By looking at this we must realize that in the end knowledge about bitcoin, strategies, plans of approach that must be done when we have bitcoin becomes an important thing that we must do from the start so that we can take advantage of bitcoin because it would be a pity if innovations like this are just missed.

You are right in a way but this can't be entirely right because Bitcoin can do what fiat currencies can do, so if everything surrounding Bitcoin is a financial game, then everything about fiat currencies is as well. But this is not true in reality, it is only some certain aspect they are using them for that can attest to that. Take the buying and selling of your Bitcoin and the use of it to pay and receive money as an example, these are not jokes, no games here.

Personally, they've helped me better in overcoming the cheating and the barrier in cross-border payment. But still, when it comes to staking, trading, investment etc, yes, one may say they are financial games. Coincidentally, I thought of this a few minutes ago before I read your thread that trading is a financial game and the good player earns so much through it. Not knowing that I would still come across something like that today.

Conclusively, anything about the financial market is an indirect game that we need to play technically and intelligently, so you are right halfway.

You are right. Bitcoin or any other cryptocurrency in the market can be considered financial games by people who are regular traders which means that they buy and sell these assets daily to get some profit. Such people need to be very careful with each of their steps just like how we have to make sure we are doing everything perfectly when we are playing a video game so that we can win or clear the levels or rounds without dying or having the game over.

When you make a mistake, maybe when buying or selling or when you are holding, if you get late, make a mistake when placing a trade, or anything in general, all these things can cost you money and time, and just like a game, you will have to play that round and the rounds you have lost once again because you failed to clear it and there is no autosave in this game.

Yes, it is a game because Bitcoin price volatility is very interesting to follow. I really enjoy the game and continue to be addicted to wanting to always be involved in it because I think this game can provide benefits for me. Bitcoin is like a zero-sum game, there are always challenges in it, but I always believe in the potential generated by Bitcoin so I will continue to allocate a budget to enjoy this very interesting game. The wider growth of Bitcoin can open up opportunities for anyone to achieve victory, the Bitcoin price which continues to soar will make it easier for anyone who saves Bitcoin to achieve very beautiful final results. Take advantage of this opportunity by enjoying the game to achieve victory and financial freedom in the future.

You are considering Bitcoin as a game whereas many big investors are investing in Bitcoin and they consider Bitcoin as a reliable investment platform. You discussed the volatility of the Bitcoin market here. Only if you invest in the Bitcoin market, the price of Bitcoin will rise, but if you invest your money in any other business, the market will go up and down. Like if you bought a physical product without buying bitcoin and you thought you would sell it at a higher price but after you bought it the price of that product went down, but the thing is like the price of bitcoin goes up. The difference between a physical product and Bitcoin is that Bitcoin is only a virtual currency, it has no physical form. But Bitcoin has gained enough reliability in the market and we have enough confidence in this coin that we can consider Bitcoin as a reliable investment platform like any other investment platform.

if Bitcoin is a game so many people will lose towards it and before thinking of investing with Bitcoin, you'll have to learn all the strategies before deciding whether you'll invest. Sometimes will all know that some people do lose and sometimes people do enjoy more towards it, so for me as well I also see Bitcoin as a financial game because it has helped a a lot of people who has played it and some people consider Bitcoin. As a reliable platform of which they can invest and relax because they know Bitcoin it's something that goes up and down, the difference between seeing Bitcoin as a financial game and seeing Bitcoin as a reliable platform. Is like buying a physical product without Bitcoin and selling it without when Bitcoin was higher at price, but after you bought it the price went down but the difference between seeing it reliable is when buying the physical product and selling it in Bitcoin and also selling it when Bitcoin was higher in price. With this is when you'll know that Bitcoin it's reliable and it's not just financial game but virtual currency.

Bitcoin is still money or rather let's just call it an improved version of the fiat. It has its distinct quality, advantages and disadvantages just like the fiat but it advantages outweighs most of its obvious limitations. Volatility isn't a bad nature of Bitcoin but is more of an added quality that makes Bitcoin to be unique. If you're looking at holding Bitcoin as an asset that you're investing into, then volatility is at the core of it's worth but when you're looking at Bitcoin as a core store of value that could make international transaction easier and less stressful, the effect of volatility doesn't become a serious consideration at all.


I doubt its as complex as you're portraying it here. Except you're considering trading Bitcoin or you're mixing Bitcoin and altcoin to having same risk, sticking to owning only Bitcoin alone isn't all too complex and you might not necessarily the effect of media influence, and key influencers while holding on to your asset. Even though the big whales and key influencers makes decisions that will affect its price, it's not possible that all of then will suddenly make those kind of decisions and even when some decides to sell off thier holding and leave the scene, other big influence will still join the Bitcoin system.

Well, despite the uncertainty surrounding bitcoin I still don’t see it as a game. Game is anything that involves amusement and fun. A critical observation will make it look like a financial game in the sense that you have no idea about the outcome and how it affects our psychological health with constant thoughts. However, there’s a tin line which to me distinguish these dou despite their similarities. The purpose of each entirely differs as game is purely for entertainment. I would have agreed that it’s a financial game but what of gambling?  Perhaps, bitcoin trading will fall into that category.

The main purpose of bitcoin, according to the creator was for it to be a currency, and that's what it is today. Bitcoin is just money. It just so happens that it's a currency that's better that every other currency in the history of mankind so far. Of course, like every other currency, it has it's flaws, but overall, it's so superior than any other currency.
It's a currency that's a perfect store of value, and also an asset, but it's still a currency and whatever affect the owners od a currency, affects the currency, that's why bitcoin is not immune to the factirs that affects the economy because it's players are in that particular economy.

No problem if you called Bitcoin as a financial game because every people will have their own meaning for Bitcoin. The price volatility of Bitcoin will always happens and that makes the investors must have a strong hands if they wants to hold Bitcoin for a long time. But they can takes their profit when the price increase so they can sell it at that price. Bitcoin have its risks so people must understand how to prevents the risks becomes bigger.

Research the investment is a must thing that people must do before they decide to invest in Bitcoin. They must face the price volatility of Bitcoin price so they can adapt with the current situation.

You are entitled to your own opinion, OP. I don’t think it is that simple TBH. A lot of factors are being considered whether you are an individual or an institution. If you have more money, it would be easier to “play” " and if not, it’s going to be A different thing because you would be deciding on how you are going to approach it with a different perspective with risk tolerance.

if you think that bitcoin is a financial game, let it be, because each of us has a different view of what bitcoin is and how it works. but i personally think that bitcoin is more than that, it is a decentralized system that bridges how people transact with security and privacy. and also at the same time it is the best long-term investment for people who want to grow their money.

so bitcoin is really something more than a 'game' as you said. even though what you said is nothing more than your own personal assumption, it seems that you need to broaden your knowledge of bitcoin.

makes really sense, I think to diversify is the best solution, especially in those trouble times.

https://nj-sanitaerdienst.de

You have spoken well and if we are to listen to you we would not find ourselves in problems that happened to us because we did not consider investing in Bitcoin as a game. Investing in anything is a game and only those that play the game well wins. There are whales buying and selling Bitcoin just to make profits and they can manipulate the market anyhow they like without considering others in the market. When investing we just have to know we are playing a game and learn the rules of investing which is not to lose, if we can not lose then we are always going to win. Do not sell your Bitcoin to the whales when they manipulate the market to make it look like the market is crashing meanwhile it is the whales trying to steal your Bitcoin from you. Keep hodling and when the market starts recovering, you will be glad you did not sell when everybody was afraid and selling.

If you invest here you can definitely invest in Bitcoin, because Bitcoin is a coil that creates an alluring psyche.  A holder holds as many bitcoins as he can and will try hard enough to hold more. Because with Bitcoin when you start seeing profits from your holdings it will only work for you to invest in it.

Yes, bitcoin does have its own uniqueness because its price fluctuates, of course this can make someone profit if they can take advantage of bitcoin price fluctuations. But yes, in this case, the most important thing is that before investing in Bitcoin, of course we have to know the risks of buying Bitcoin. because of course those who lack knowledge may experience losses due to panic and selling at falling prices.

Yes, it is like a game because the one who wins is the one who gets the profit, but what is certain is that those who lack knowledge will potentially experience losses, but what is clear is that in this case we must be able to make the best use of Bitcoin. but of course decentralized bitcoin will definitely have good potential for the future because no one controls bitcoin holders, which is certainly different from others.

Yes, we have to be careful when investing in BTC because no matter what, there is always a risk and what you say is true, of course we have to be winners, not losers.

If you are more comfortable seeing the market as a game, you can continue like this. There may be a lot of negative news in the market, and this news may stress the investor and cause him to turn his investment into cash. Things that will prevent you from being affected by such news will be useful to you.

There is always risk, and risk takers, especially Bitcoin holders, have always made profits if they waited long enough. It is up to you whether you see this as a game or not, but it is necessary to act without forgetting the risk factor in investment.

What's with the link? You better remove it before you get reported to moderators for trying to scam people by using a phishing site.  ::)

Coming back to the topic. Did you say diversification in troubled times? I don't know what you are trying to say with that, all I know is that diversification needs to be done at the time when a person starts making investments. You don't buy Bitcoin first, and then when the market goes down, you sell it to diversify your portfolio, which will make you lose money.

Some people usually misunderstand the diversification thing and they over-diversify their portfolios by adding a bunch of unknown altcoins in it which they aren't even sure about whether they have any potential or not. That isn't the right way to do it. Add only a few cryptocurrencies that you know have a lot of potential and keep holding them until you start getting your desired profits from each one.

For me I think bitcoin is far to be considered to be a game. Having a better understanding about a game is not a guarantee that one must win a game but having a good understanding about bitcoin it is possible for one to gain a good profit in hodling this is why I think bitcoin is far beyond a game like the way you think. In bitcoin we loss or make profit by the decision we make and the lack of understanding that is why I don't think bitcoin is a game. Those that win to make profit in bitcoin are not just lucky but we're able to achieve success because the steps and the right decisions are being made .

For me I think it is those who think they can make money so quick by investing all their money in Bitcoin that will think bitcoin is a game, because they feel they can be lucky to make good profit from Bitcoin.

I believe Op is considering Bitcoin as a game because there is danger involved. And if someone misses any investment, he will be game since all investment is subject to rules, and all of them carry risk. I believe @Rockstarguy when he refers to bitcoin as a game without any business or investment. This implies that the coin will remain stable and not fluctuate, unlike long-term investments that yield daily profits. Because you can never invest in bitcoin now and declare you would gain enormous return, he will absolutely hard to get profit in bitcoin when you invest for short term. So, in my opinion, anything that is a long-term investment cannot be a game, and I do not believe bitcoin is a game. If you can call trading a game, I would probably say yes because it is a daily profit because it is the only game you will play and cash out once rather than keeping it for a long time before you generate profit.

The way how OP write about what he think on bitcoin is its like he take it as gambling since the way how he describe the possibilities of losing then winning for acquiring this asset is like there's always risk involve for him. I don't disagree what he say since maybe from that thinking he could avoid any possibilities that he don't take any fud seriously and he is always careful especially for dropping decisions towards his investment on bitcoin.

But people really need to think that there is two use of bitcoin the one usage of this coins is currency where they can use it to transfer or pay goods or services they avail online or they use it for investment just like what people have been discussed here. If they though that bitcoin is only for short term for those people then I think they are engaging with more riskier decisions with that. But if they are for long term which is best for bitcoin then I guess that decision could able to generate them a positive result.

No, it's not only that, because you have this opportunity to keep your assets unlike any other where you can keep it privately and securely without anyone knowing about it. This is why most people trust it and want to acquire some of it as their personal assets apart from their traditional properties such as houses, cars, and lands.

Bitcoin is convenient to have especially when things get rough where you need to migrate to another part of the world and you can just simply walk crossing any country without showing your Bitcoin balance and they don't even know you have them. This is the beauty of bitcoins and when money is nowhere to be found due to major world conflict, bitcoins are the only way to survive financially.

https://i.ibb.co/zVxy2xG/00-Nhhrk-X8-Bmu-OT0q6-TGl-P7w-1-fit-lim-size-1600x900-v1569489158.jpg

What you personally think of Bitcoin is up to you, but people all over the world who know about Bitcoin or who invest in Bitcoin platforms definitely consider Bitcoin as a very valuable digital currency. All other coins in the market directly depend on Bitcoin, so Bitcoin is of course very important to all other coins in the market. Currently the value of a bitcoin is very high and day by day the value and popularity of bitcoins is increasing so for me it is definitely not an important game.

Absolutely!!! Furthermore, Bitcoin's limited supply introduces scarcity, much like gold, which makes the game even more intriguing.

In simple terms, people who have experienced profits through Bitcoin investment will never forget Bitcoin at any time because they will continue to do so as their best option through investment and continue to try to maintain the Bitcoin they have held so well for a long period. However, people who are still pessimistic about Bitcoin will certainly not see Bitcoin as a good option, especially if that person has panicked while holding Bitcoin and then released it in a condition that resulted in a loss.

Your point is valid. Bitcoin is a new currency. It alters our view of value and riches. Knowing how this "game" works is important, as you suggested. As tempting as the volatility can be, it can also be very dangerous if you dont approach it with the right attitude and plan.

Now, as someone who really values new ideas and moving forward, I dont just see Bitcoin as a game. Financial technology leader, in my opinion. It is transforming the global economy and offering consumers independence from traditional banks and new business growth opportunities. Instruction and responsible participation are key. Knowing the risks and staying informed means you're actively contributing to and benefiting from this revolutionary transformation.

The goal is to do well, not just "play" the game. You can maximize this exciting new era by seeing Bitcoin's potential and its issues.

Bitcoin is not a financial game

Bitcoin is a hard form of money. Bitcoin is the most superior form of money in human history. By all characteristics that good money should have, Bitcoin surpasses all previous forms of money. A hard form of money always wins; this is not speculation or guessing, it is as exact as in mathematics when we say and know that 1 plus 1 equals 2.That's why Bitcoin will continue to monetize, and all other forms of money will lose their monetary premium in favor of harder money.
Everyone wants to hold hard money; no one wants to hold money that loses value. You must understand this.Fiat will continue to be printed indefinitely, and in 50 years there will be twice as much gold in circulation as there is today.Gold has an inflation rate of around 2% per year. Real estate and everything else people use as money can be produced indefinitely.Just as gold demonetized silver over the past 300 years, Bitcoin will demonetize gold, real estate, and other forms of money.

It's true and it's real, as you said, the people who will believe and maintain their accumulation of bitcoin are those who have really experienced profits, especially in significant amounts, and basically this situation occurs in whatever they do. by someone, but on the other hand, if for example you or anyone else has never experienced the positive side of an activity then of course doubt will probably always be at the forefront, especially if money is involved in it where worry is definitely the main thing that will continue to create delays in planning. should be done immediately.

Investment is the circulation of capital money to attract profits which is covered with various strategies in every decision made, which if an activity involves money in it then of course worry will be the main thing which may be difficult to ignore, especially for new beginners. just jump in, but if you have a true understanding of what and how the activity actually is, especially being aware of the negative side, then I think they will not experience too long a delay in making decisions in any situation, and I would say that people who always put things first panic in their bitcoin accumulation is those who do not have a thorough understanding of what and how the world of investment really is.

There are assets that are also decentralized. One example is gold and we can also keep them secretly but it's only a bit hassle and the chance for them to get spotted by others is high once the amount involved is already/also high. This is where BTC can win over them, however when it comes to trust, I think gold will still win here. It is because it's much older than BTC and then it's a physical asset.

Most large BTC holders use a hardware wallet and other physical types of wallet like paper or steel wallets. These can still be checked or questioned in the terminals or airports. There are even BTC users who are not allowed to board for having a steel wallet.

A game is also something that could be manipulated or something that has a way of bypassing and passing through every stage of it. If Bitcoin was like a game of course there would be hacks and cheat codes that would be used to know every stage and win it. All thanks to the developers that make it not to be easily manipulated or controlled. A lot of people have tried to see if they could crack the code behind Bitcoins development but they have not been successful in doing so.

When it comes to bitcoin investment , you’ll make every possible effort to win. Let’s consider the fact not all games look fun and excited but some games are different and difficult, in any situation you find yourself investing or trading you should consider yourself winning and definitely the end result is always unpredictable likewise bitcoin price . Bitcoin is a volatile digital asset and it’s considered as a top investment choice so calling it a game sounds strange tho but, let’s view our investment journey as something difficult and the only way to get through is by obeying the rules and following the useful strategies .

.well thanks for this insight of yours atleast it would give a clear details of what the OP is actually trying to state Bitcoin as . Bitcoin is something that has broken all barriers and have uplifted itself from that stage  of classifying it as a game because it doesn't have a control panel and also no one to Algo it roots only that alone makes it unique and special because this is something you don't get to see every now and then.

Yes, life is indeed a Big Game, but it's not about winning or losing. It's about savoring every moment and experiencing everything on your own terms. Life is truly awesome.

Bitcoin isn't just a financial game but a valuable asset that is going to rescue us from the hands of the bad government of the world that only what to control us as slaves to the system. Bitcoin isn't a game but a hope for mankind, if you think Bitcoin is a game. that is your own opinion and not what we should be believing. If Bitcoin was just a game then why are they fighting to bring Bitcoin down and discourage others from buying Bitcoin. Bitcoin has value and different traders are making money from Bitcoin through trading, if you keep doubting and staying on the sidelines you're the one that is going to miss when Bitcoin gets to new all time high and make the investors to be rich. Bitcoin has only one direction as we keep getting more adoption and it will increase the price of bitcoin to over $1 million one day.

To be able to gain profits in investing or trading with Bitcoin, of course we must first understand this well, as you said, we cannot predict the price of Bitcoin accurately and I agree with you if someone calls investing in Bitcoin just a game. Of course, this is very strange and to be able to know the right strategy for investing, of course we have to be able to understand investment and trading about Bitcoin well in order to make a profit.

For those who take advantage of bitcoin's volatility solely in search of profits, there is nothing wrong with treating bitcoin as a financial game. The cryptocurrency market is a financial market and bitcoin is part of the market so the OP is right to call bitcoin a financial game. But as you said bitcoin is not just a financial game, it is a revolution in money and helps us escape dependence on a centralized government monetary system. But it will depend on each person because not everyone uses bitcoin for the purpose for which it was created, and they are not wrong to use bitcoin as an investment and not as a decentralized currency. We don't need to impose our thoughts on anyone.


OP sees this as a financial game, meaning he's not out of the game, he's in the game with us.

If you survive means you win the game if we all agree to the fact life is also a game, and if you die at the end it is a loss for you because you wanted to leave more than the age you leaved.

Bitcoin is about money as you explained, and it is a financial game; but compared to Gold and other stocks, it has more security and provides more privacy because it is a decentralized money that you can buy and sell without any third-party unless if you decide to use a centralized system that will have your details during KYC.

To me it is not a financial game because you will hold your Bitcoin as long as you wants to keep holding, and if you keep holding for long, you will profit from it provided Bitcoin and cryptocurrency still exists and unlike others, if you are able to keep your private key safe, you will be free from any theft.

People's refer Bitcoin as game, we understand that it dynamic and also unpredictable like gambling, but that doesn't mean we can compare the Bitcoin gambling, because even those that are the Bitcoin to that gambling there have never introduced themselves into the Bitcoin investment, if not they will never put a gambling on their mindset.

Furlthermore, Bitcoin is something that brings a better outcome that means if the person have a patient and hold it for a long period of time, since as people's say it that's how it goes Bitcoin is unpredictable as we can now that the market is flotrating but with that anybody that purchase a Bitcoin now and wait for ATH it will get huge profits in future.