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Author Topic: Is your interest in bitcoin primarily tied to its price?  (Read 646 times)
goldkingcoiner
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July 16, 2024, 09:44:08 PM
 #81

My interest in Bitcoin is the freedom from third parties, (Especially the government) and it's decentralized nature.

Price comes only second to that. If Bitcoin was a centralized technology, I would not invest in it, no matter how amazing the price.
I've seen that different Bitcoiners have their various interests in it, some pictured it as a store of value, it's decentralised nature like you mentioned attracted some, while some, cause of fast transaction speed for business and so forth, whatsoever. Well, priced might have come second to  you but I feel lots of people at the early stages adopted Bitcoin when the price surged high from it's initial price when it was created most people never bothered about getting too familiar with the technology but the volatility is what attracted lots of adoption by the majority and to be honest if Bitcoin wasn't decentralized I don't think the project would've gone this far, the government would've messed up the whole concept and many investors would've abandoned it.

It's an incorruptible money which is provably verified and completely out of control of anyone. Especially the government(s).

And it has all the advantages of old-age money (fiat). If anything, it is an updated version of it. Next-gen money.

My interest in Bitcoin is the freedom from third parties, (Especially the government) and it's decentralized nature.

Price comes only second to that. If Bitcoin was a centralized technology, I would not invest in it, no matter how amazing the price.
Price for me is just a bonus because that is where place our buy and sell entry. What I really like about Bitcoin is it's decentralization, future proof, inflation proof and more. I am tired of what has happened to the current fiat currency I have here in my country due to high inflation rate depreciation is at it's best, so much better to hodl Bitcoin or convert fiat to Bitcoin for future purposes.

Not only inflation proof but deflationary. So it will never stop rising in value, as long as there is steady demand.

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Minor Miner
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Today at 08:58:41 AM
 #82



That's not true. Anybody can do chain analysis. If you are not a criminal (or even if you are), then the danger of using the public ledger of Bitcoin is criminals.

Use Bitcoin if you want the possibility that all of the transactions you've ever done be exposed to anybody who ever wanted to discover them.


Bitcoin's ledger is public and anyone can analyze the chain, but that doesn't mean it's easy to discover someone's information or identity. If using bitcoin does not help users protect their privacy, then why until now does the government or many people still have difficulty finding someone because they use bitcoin.

Bitcoin fell by 66% in the past, too. Nobody can predict the future. Speculation can be fun, but never believe that "it can't go down" because millions of people have learned the hard way that isn't true.



The future is unpredictable and everything has risk, including fiat currencies, gold...not just bitcoin. As wise people, they will always diversify their assets, no one will be stupid enough to put all their eggs in one basket.

knowngunman
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Today at 10:02:43 AM
 #83

Bitcoin is not a get-rich-quick scheme and it is not my reason for being interested in Bitcoin.
The word HOLD refers to and is meant for people who own Bitcoin and use it as a long-term investment asset. The use of Bitcoin as an investment asset is a decision made by the person as the owner. Bitcoin, which was created by Satoshi, has made it clear in the white paper that Bitcoin is an electronic cash system that makes it easy for people to do without having to have an ATM card and other conveniences such as not requiring a third party to own their Bitcoin.

The reason behind bitcoin invention is more beyond what we assume but truth be told, not every bitcoin user is aware of all these that you just mentioned. Many among these adopters see it as a quick way to get rich simply because of its price fluctuation. They tend to take advantage of this and assume that is what bitcoin is mainly meant for. In fact, only few have even seen or read the white paper to know and understand what they are holding. We can not deny that even those who are familiar with other uses of bitcoin are mainly driven to hold because of its price which they believe would give them profit in the long run.

R


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Luzin
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Today at 11:17:34 AM
 #84

In fact, only few have even seen or read the white paper to know and understand what they are holding. We can not deny that even those who are familiar with other uses of bitcoin are mainly driven to hold because of its price which they believe would give them profit in the long run.

So far, the value factor has been the best thing that made me learn Bitcoin. Because with value and its fluctuations I can benefit from helping my financial condition. Actually maybe not only I am mostly the same too. See how money rotates on several exchanges. I think it makes the value and profit picture a major factor. In addition, look at the crypto industry today, it seems that they do bring usefulness.  But that's only a small part of the mission to gain money profits.

R


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Ultegra134
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Today at 11:39:12 AM
 #85

When I discovered Bitcoin in 2014, I wasn't intrigued by its price, as it was quite low compared to today's standards. It was the concept of an online currency that you could practically store in an online wallet or on your computer. As a teenager, it seemed surreal that such a thing existed. Certainly, what keeps me interested nowadays isn't its concept but its value. I stopped my involvement in Bitcoin in 2018 because the price crashed and it lost its value in just a few days, while its price is what brought me back in 2021 and still gets me going.

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