"Bitcoin: Investment of the Future or Global Lottery Under the Guise of Technolo

[pancelot]

I feel that today, amidst the chaos and din of a world increasingly losing its way, there is a digital entity we all know: Bitcoin, which is constantly being touted as a powerful panacea for all financial ills: from inflation and corruption to the injustice of the existing global monetary system. Its followers may always shout that this is a "financial revolution," while its critics call it nothing more than a "coded soap bubble." However, I feel like I'm seeing something illusory (in my view): Bitcoin is no longer just a currency, but is being considered a new religion, with terms like "HODL" for holy books, "to the moon" for prayer, and candlestick charts for prophecies.

So, do you think people who are currently buying Bitcoin are truly investing, or are they simply joining a global lottery with tickets whose prices could surge or even plummet overnight?

[m2017]

I feel that today, amidst the chaos and din of a world increasingly losing its way, there is a digital entity we all know: Bitcoin, which is constantly being touted as a powerful panacea for all financial ills: from inflation and corruption to the injustice of the existing global monetary system. Its followers may always shout that this is a "financial revolution," while its critics call it nothing more than a "coded soap bubble." However, I feel like I'm seeing something illusory (in my view): Bitcoin is no longer just a currency, but is being considered a new religion, with terms like "HODL" for holy books, "to the moon" for prayer, and candlestick charts for prophecies.

So, do you think people who are currently buying Bitcoin are truly investing, or are they simply joining a global lottery with tickets whose prices could surge or even plummet overnight?

Wherever you invest, there will be a lottery. Be it the traditional stock market, someone's business, etc. Bitcoin is fundamentally no different in this regard, it's just that bitcoin is "loudly" discussed because of its (relative) novelty.

And I like your idea: "technolotto bitcoin".

Want bitcoin to stop being a lottery? Stop using it as a speculative tool and start using the technology itself.

[davis196]

I feel that today, amidst the chaos and din of a world increasingly losing its way, there is a digital entity we all know: Bitcoin, which is constantly being touted as a powerful panacea for all financial ills: from inflation and corruption to the injustice of the existing global monetary system. Its followers may always shout that this is a "financial revolution," while its critics call it nothing more than a "coded soap bubble." However, I feel like I'm seeing something illusory (in my view): Bitcoin is no longer just a currency, but is being considered a new religion, with terms like "HODL" for holy books, "to the moon" for prayer, and candlestick charts for prophecies.

So, do you think people who are currently buying Bitcoin are truly investing, or are they simply joining a global lottery with tickets whose prices could surge or even plummet overnight?

Yes, Bitcoin is a bubble. Everything in finance is a bubble. Fractional reserve banking is a bubble. The stock market is a bubble. Real estate market is a bubble. Fiat money is a bubble. Crypto in general(all the altcoins/memecoins/stablecoins) is a bubble.
There will be dumb people, who view Bitcoin as a cult/religion, but there are also dumb people, who are viewing Gamestop stocks as a cult/religion. The world will never run out of dumb and delusional people...
Bitcoin is definitely not a panacea for all financial ills. It's just a speculative financial asset. I don't consider buying BTC to be the same as buying a lottery ticket. BTC isn't capable of hitting 10x gains like it did in the past. Maybe buying a memecoin should be considered a "lottery ticket".

[BitGoba]

I feel that today, amidst the chaos and din of a world increasingly losing its way, there is a digital entity we all know: Bitcoin, which is constantly being touted as a powerful panacea for all financial ills: from inflation and corruption to the injustice of the existing global monetary system. Its followers may always shout that this is a "financial revolution," while its critics call it nothing more than a "coded soap bubble." However, I feel like I'm seeing something illusory (in my view): Bitcoin is no longer just a currency, but is being considered a new religion, with terms like "HODL" for holy books, "to the moon" for prayer, and candlestick charts for prophecies.

So, do you think people who are currently buying Bitcoin are truly investing, or are they simply joining a global lottery with tickets whose prices could surge or even plummet overnight?

To understand Bitcoin and grasp where it’s headed, you need to spend at least 1,000 hours studying economics, what money is, the history of money, the different forms money has taken throughout history, and how money has evolved. You also need to study how fiat currencies work. It requires dedicating time to reading books like Broken Money, The Bitcoin Standard, The Fiat Standard, and The Prices of Tomorrow. It’s also a good idea to dedicate time to listening on YouTube to podcasts by economists such as Saifedean Ammous, Lyn Alden, or Jeff Booth.

You can’t understand Bitcoin quickly or easily because it’s a very deep rabbit hole. You need to dedicate time to study it thoroughly in order to grasp all the details.And when you dive deeply into studying it, you realize that in the long run, Bitcoin replace banks and fiat currencies.

[hero_the_bossman]

Some are too into getting profit from BTC only - and they don't look too deeply into the subject.

Even if you use BTC only for hodl, you still help the community - but people need to use it, not only get more of it, if they want to sway off the vision of a speculative asset from BTC.

[Aanuoluwatofunmi]

So, do you think people who are currently buying Bitcoin are truly investing, or are they simply joining a global lottery with tickets whose prices could surge or even plummet overnight?

Why are you comparing bitcoin as with something that has not been established yet and you're trying to create FUD on it existence, the reason for the creation of bitcoin was clearly stated on the whitepaper and you also have to reason along how this same purpose has been all about bitcoin till today, to furthermore buttress on this, you can see from the way of its increasing demands and adoption rate, as everyone seeking opportunity in bitcoin, being a digital currency, an asset and a profitable investment, which has a long time or lifetime utility and value, so just don't accept it for a single view, but capped everything altogether and use to interprets for its value.

[DaNNy001]

So, do you think people who are currently buying Bitcoin are truly investing, or are they simply joining a global lottery with tickets whose prices could surge or even plummet overnight?

Why are you comparing bitcoin as with something that has not been established yet and you're trying to create FUD on it existence, the reason for the creation of bitcoin was clearly stated on the whitepaper and you also have to reason along how this same purpose has been all about bitcoin till today, to furthermore buttress on this, you can see from the way of its increasing demands and adoption rate, as everyone seeking opportunity in bitcoin, being a digital currency, an asset and a profitable investment, which has a long time or lifetime utility and value, so just don't accept it for a single view, but capped everything altogether and use to interprets for its value.

The thing is that the way the shift from its used as a cryptocurrency to a asset of store of value is something that is we can't look past but the good thing is that it's not  a problem at all, I believe it even solidify the fact that Bitcoin has multiple uses and shows how you can decide to use it for a means of investment or for the tended purpose as proposed in the official white paper published.

[Catenaccio]

So, do you think people who are currently buying Bitcoin are truly investing, or are they simply joining a global lottery with tickets whose prices could surge or even plummet overnight?

Investment is different than trading, speculating and gambling from mindset, plans to actions. All of these have similar activities, buying and selling but as said, investment is neither trading, speculating nor gambling even it has buying action.

An investor must have mindset of investor and this does not exist automatically but must come from researching, learing for knowledge, practicing and observing for experience, and surely good management for finance, investment capital, risk and many other things that can interrupt investment journey anytime with bad managment.

[purple_sparkles]

So, do you think people who are currently buying Bitcoin are truly investing, or are they simply joining a global lottery with tickets whose prices could surge or even plummet overnight?

Investment is different than trading, speculating and gambling from mindset, plans to actions. All of these have similar activities, buying and selling but as said, investment is neither trading, speculating nor gambling even it has buying action.

An investor must have mindset of investor and this does not exist automatically but must come from researching, learing for knowledge, practicing and observing for experience, and surely good management for finance, investment capital, risk and many other things that can interrupt investment journey anytime with bad managment.

I think bitcoin has long ceased to be seen as a lottery or a bubble, as it used to be called. Now, on the contrary, it appears more reliable and solid for investments. If in the past it was bought just for fun by rappers and programmers, today it has already attracted the interest of governments and large funds. It even looks more reliable than the currencies of some countries, since it is clearly more reliable than most other currencies.

[Botnake]

Investing in bitcoin may still look like gambling in lottery, you bet on such unpredictable market wherein anytime its price may surge high and skyrocket or may just quickly drop its price sharply, and worst is, you have no control of its final outcome. However, the only advantage is that, if you know your investment well and you have high faith that bitcoin will always recover from any of its price correction and market crash, then you will never lose from your investment, instead it will make you profitable in the long run.

Bitcoin is an investment for those who actually see its incomparable potentials and high future value, but it remains gambling for those who only invest due to peer pressure even without prior knowledge and good background about bitcoin.

[melinoe]

Investing in bitcoin may still look like gambling in lottery, you bet on such unpredictable market wherein anytime its price may surge high and skyrocket or may just quickly drop its price sharply, and worst is, you have no control of its final outcome. However, the only advantage is that, if you know your investment well and you have high faith that bitcoin will always recover from any of its price correction and market crash, then you will never lose from your investment, instead it will make you profitable in the long run.

Bitcoin is an investment for those who actually see its incomparable potentials and high future value, but it remains gambling for those who only invest due to peer pressure even without prior knowledge and good background about bitcoin.

When the person knows about BTC, they know that no matter what, due to the demand and what BTC represents, it's going to be okay in the long run.

[Mate2237]

So, do you think people who are currently buying Bitcoin are truly investing, or are they simply joining a global lottery with tickets whose prices could surge or even plummet overnight?

Describing Bitcoin as a lottery is a strong word OP maybe you may not be well sufficiently informed about Bitcoin because if you know you will be aware that Bitcoin is now considered as an asset such as land, Real estate etc which has the tendency of appreciating over time which Bitcoin too fall into such category so Bitcoin is not a lottery that depends on luck.


Bitcoin as an investment is one of the best investments that people are going into what you should know is that Bitcoin is a digital investment this is because the world has gone digital and traditional ways of doing business has changed drastically, Bitcoin is an investment of the future and the future of the financial sector is linked Bitcoin.