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There is always a risk when it involves investing your money, and investing in bitcoins is no exception. You can profit from it, or lose some money, because the value fluctuates.
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Well, your friend has the right to choose and it's obvious he's not into it. It's hard to convince people with that kind of level of close-mindedness. To each their own.
I say, don't waste your effort and just let your friend be, and let him find out for himself that bitcoin is the future of digital currency.
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Well, bitcoin is the future, sure, but for now it's good for making profitable investments with a bit of risk taking, transactions and transferring money online faster. But when it comes to places that lack internet or don't accept cryptocurrencies, then there's a problem.
I wouldn't mind if the world adapt to such idea, though!
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I'm more of a "playing safe" kind of mode, but I do tend to buy some when I need to. If it's profitable, gotta keep on buyin'!
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Yeah... I wouldn't do that. Nobody wants the blame game when they believed in you and then something went wrong, then you'll just earn their scorn. Maybe if they are really interested and know the risks behind it, you can explain to them the benefits and the know-hows of investing in bitcoin.
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Actually that's a brilliant idea! Especially since bitcoins were really made for huge money transfer without hiccups like big fees along the way.
So, yup. It's a great form of payment.
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Never met someone like that before.
But my answer is: It depends. There's a difference between not interested, dislike, and hate. Bad experience is also part of the factor. But I would simply ignore them and talk about something else. If they're clearly not into it then why force them?
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It is sorta like gambling, but it isn't. I mean, its worth depends on how and when you invest it since its value goes up and down unpredictably. It's still a good investment in my opinion. So you are right, it's not gambling.
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It doesn't hurt if you invest both.
The advantage with gold is that if somehow bitcoin's value collapses (which will never happen, but it might) the gold's value remain the same, so it really is for safe-keeping. With bitcoins, it's volatile, but with enough research you can earn more from it.
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It's a digital money in a form of cryptocurrency. It can be used to buy things online and transfer money without additional fees and stuff. Personally, bitcoins help to increase one's wealth which can be helpful to sustain their needs, they just need to be extra careful with how they keep and invest them.
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I'd like to echo what people in here are saying is true; It's very risky to turn all your money into bitcoins. It's volatile, meaning its worth fluctuates unpredictably. Just turn some of it and save the rest in case of emergencies.
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Every invention on this Earth has two sides of a coin; It can be used to make the world a better place, or exploit it for illegitimate/illegal purposes. I strongly believe it's for the best.
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Certainly nodoby knows. As far as what the community has observed, Bitcoin progresses slowly, but surely, bigger. Let's just wait and see how it goes from there.
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From my friends. Also, the internet.
But, come on, really. It's not that hard to miss when you're browsing the internet.
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Oh, I'm not surprised. Knowing the potential of Bitcoin's value is still going up, I have faith in it. And I hope it stays that way!
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It's unfair to compare gold to bitcoins since both have their own purpose other than having high worth of value (of course, bitcoin's value fluctuates, but still!)
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I think children will have a hard time understanding the concept of money at the very young age. It's much better to explain the value of money to teenagers, especially if it's about Bitcoins. Atleast they have the experience to use money wisely, for better or worse.
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