Bitcoin: For what reason was it a healthy investment?

[actmyname]

I want you to explain in detail why you personally thought that bitcoin was a healthy investment. I don't want the same crap replies about the same thing over and over. I want a longer, more complicated answer depicting the true nature of why you thought it was useful to begin investing in bitcoins.

It's not necessarily investing money into it. You obviously also invest time (which is pretty much money) into the bitcoin community. Even now, as you read this, you're investing time into bitcoins. So, explain. What made it so good? In what way did bitcoin create this imagine in your mind where you thought, "Hey, this seems like a good use of my time. This may hold use in the future and allow me to profit off it" instead of anything else?


[Sorry for the repost, kiddos. Made a mistake in the original. Wasn't moderated to prevent YoBit spam.]

[stromma44]

More then a investing I have earned it, price volatility attracts me towards it, as whatever I am earning at a moment will be multiplied in future if the price is higher.

[actmyname]

More then a investing I have earned it, price volatility attracts me towards it, as whatever I am earning at a moment will be multiplied in future if the price is higher.

Can you elaborate on that? The thing is, liking the volatility of bitcoins is fine, but then what of the risk that the price will drift down to a lower level where then you lose profit? Wouldn't you rather a more stable currency where you can have a somewhat higher representation of security?

There's no guarantee, no 100% security that your earnings in bitcoins will increase in the future.
Volatility =/= Security. You will not necessarily gain anything by investing in bitcoins. If you're talking about being impatient, then there's always gambling. That holds risk, just like investing in bitcoins, but is often an instant payoff.

Add more flavor to your explanation, please.

[BellaBitBit]

It first caught my eye after the rise and fall, from an investment perspective it was interesting.  I then started to learn more about it and the capabilities of the innovation and was fascinated.  I like math and can also understand code so this was a good fit for me.  I am also interested in it as an investment for the entire planet, for the entire planet to become on a level playing field financially hoping to end most poverty and bank the unbanked.  It does have that potential 

So the time I spend with it - discussing, learning, buying, selling, losing winning is all worth it and will continue to be as the future is in digital currency. Even if it falls on its face I was part of believing in it.

[Amph]

i've invested time and bitcoin to make more bitcoin, not fiat itself, because i've started from a position with no fiat

i see it as a good investment now with the current crysis, it has a great chance in the long terms to have a great value, especially for one reason, the blockchain

this tech is gathering enough interest among the biggest istitutions, that make me believe that it will have a great impact in the next 5 years

[Kakmakr]

I guess, when I started out with Bitcoin I invested time into it, because it was a revolutionary experiment in decentralization of the financial sector dominated by a few individuals. I wanted to see the financial powers being disrupted and given back to the individuals. I have seen many examples of this happening in many countries where individuals only had one or two dominant companies monopolizing the specific areas. <MoneyGram / WU> In a way, I enjoyed the revolutionary disruption process.

I then saw the potential for poor individuals to enter the trading platforms < 1Broker etc. > and also giving unbanked people a option to move value. < BitPesa > These things motivated me to invest money and time into this technology. Sadly, this is all being slowly damaged by the developers fighting for control and greedy groups fighting for supremacy. < Some Alt coin pumping & shilling >    

[Hirose UK]

i've invested time and bitcoin to make more bitcoin, not fiat itself, because i've started from a position with no fiat

I also have been investing time on bitcoin, and I got profit. I can lay on my bed, read the thread and send post, then make money although sometimes my head works hard to write a post. but it made my brain work, so it's still useful. that's also why the thing is healthy investment.

[Kingno.1]

It is a healthy investment because of following advantages:
1. Protection From Payment Fraud
2. Lower Fees
3. Reduced Possibility of Identity Theft
4.  Direct Transfers for Immediate Settlement

[romero121]

In future everything gets digitalized. As a part of the digital world now itself we have got the opportunity to know about the future currency. So making an investment or saving such currencies will make you wealthy.

[Junko]

For me it was risk:reward. At the time I first heard and learned of bitcoin, the price was bouncing around the $7-$12 range. The price was rising from the $$1-$2 low after the fall from the $32 "bubble". For me at the time, it was a very "healthy" investment in regard to relatively low risk to high reward ratio. That's where/when I bought the bulk of my bitcoins. Looking back, it was a great investment. My only regret is not having learned of bitcoin sooner in its infancy.

[RealPhotoshoper]

I want you to explain in detail why you personally thought that bitcoin was a healthy investment. I don't want the same crap replies about the same thing over and over. I want a longer, more complicated answer depicting the true nature of why you thought it was useful to begin investing in bitcoins.

It's not necessarily investing money into it. You obviously also invest time (which is pretty much money) into the bitcoin community. Even now, as you read this, you're investing time into bitcoins. So, explain. What made it so good? In what way did bitcoin create this imagine in your mind where you thought, "Hey, this seems like a good use of my time. This may hold use in the future and allow me to profit off it" instead of anything else?


[Sorry for the repost, kiddos. Made a mistake in the original. Wasn't moderated to prevent YoBit spam.]

i think,bitcoin is not healty investement,bitcoin is potential and short term investement,its just my opinion,because bitcoin have a very very fluctuate pirce,and its make we can't predict what will happen on future,and of course we can't prdecit until when bitcoin can stay alive.

[actmyname]

I want you to explain in detail why you personally thought that bitcoin was a healthy investment. I don't want the same crap replies about the same thing over and over. I want a longer, more complicated answer depicting the true nature of why you thought it was useful to begin investing in bitcoins.

It's not necessarily investing money into it. You obviously also invest time (which is pretty much money) into the bitcoin community. Even now, as you read this, you're investing time into bitcoins. So, explain. What made it so good? In what way did bitcoin create this imagine in your mind where you thought, "Hey, this seems like a good use of my time. This may hold use in the future and allow me to profit off it" instead of anything else?


[Sorry for the repost, kiddos. Made a mistake in the original. Wasn't moderated to prevent YoBit spam.]

i think,bitcoin is not healty investement,bitcoin is potential and short term investement,its just my opinion,because bitcoin have a very very fluctuate pirce,and its make we can't predict what will happen on future,and of course we can't prdecit until when bitcoin can stay alive.

So then if you think it's not a healthy investment, why would you bother wasting time with it? Especially considering you have 871 posts on the forum. That's a lot of time spent on it. And, you've got 378 activity as well. If you have the time to spam a bunch of threads with your YoBit signature, then you have invested a lot of time into Bitcoin. Read the OP.
"It's not necessarily investing money into it. You obviously also invest time (which is pretty much money) into the bitcoin community."

[alyssa85]

I got into it in 2013 during the Cyprus crisis where people had their bank balances seized. I'm in Europe, and the European Union has now passed a law saying that if banks get into trouble, there will be bail-ins first - i.e. savers will have their savings confiscated to bail out the banks.

So it's a safety thing. Have some bitcoin handy just in case. I can then at least buy groceries and so on in an emergency. I suppose I could hold cash instead, but am scared of burgled.

[7788bitcoin]

To be honest, bitcoin is still not considered as a healthy investment. The volatility is too great. Only invest what you can afford to loss...

However, we expect bitcoin growth will eventually make it a so called "healthy" investment.

[Bit_Happy]

...
It's not necessarily investing money into it. You obviously also invest time...

April/May 2011:
The closest Bitcoin had ever come to a major Bull market was the excitement related to approaching $1/BTC for the for time ever.

For many of us it wasn't about the money:
* Bitcoin was an exciting story, with fresh, new drama almost every day.
* BTC held the amazing potential to set people free from the slavery of fiat money.
* Mark's Tux was still magical...  (sorry)    
* The first major wave of destructive trolls hadn't landed here yet, so every thread was full of energy and worthwhile discussion.

Early June 2011:
* Same as above, with greed starting to take over, as the market was going crazy to the upside.

Mid to Late June 2011:
* We learned how it felt to get 'Goxed' for the first (and 2nd) time.
* Trolls moved in, markets crash / hopes are dashed...
* Look, it's going back up!  

Was it a healthy investment?
Yes, but did we set enough people free?

[shintosai]

for me if you know how it works and if you study harder bitcoin investment is healthy fast growth can be seen in what is happening now, more and more company are also adopting it, no need for any personal info just the address make it easy to process the deals, and fluctuation attract me most it is just like trading if you know how to deal with it and do some research you will be able to have a great profit from it.

[ashkanb]

personally, i came into the world of cryptos from a country thats economy was crippled by heavy international sections and had a worthless fiat that was loosing its value by day;
briefly said i was more or less forced to look for alternative means of keeping my assets safe.

among other options like other fiats or precious metals or stones, bitcoin appealed most to me;
mainly because of the decentralized nature of it which meant that i could keep mine my own without having to answer to any system
and whatever idiocy was going on in the politics of the world had the least possible effect on the value of what i owned!

secondly, everywhere i looked and whatever i read mostly indicated that the bitcoin is going to increase in value for the foreseeable future, so good investment;
lastly, by nature, i am a risk taker and the volatility of the cryptos market only means one thing to me, opportunity!

and once i got in it hasn't been anything but fun; a very enjoyable rollercoaster ride;
i really cant see anything healthier than being able to have fun with your money while increasing it, so yeah...

[jaysabi]

More then a investing I have earned it, price volatility attracts me towards it, as whatever I am earning at a moment will be multiplied in future if the price is higher.

Can you elaborate on that? The thing is, liking the volatility of bitcoins is fine, but then what of the risk that the price will drift down to a lower level where then you lose profit? Wouldn't you rather a more stable currency where you can have a somewhat higher representation of security?

There's no guarantee, no 100% security that your earnings in bitcoins will increase in the future.
Volatility =/= Security. You will not necessarily gain anything by investing in bitcoins. If you're talking about being impatient, then there's always gambling. That holds risk, just like investing in bitcoins, but is often an instant payoff.

Add more flavor to your explanation, please.

I have always said this. The volatility makes bitcoin impractical as a currency. I would much prefer bitcoin trade in a very tight range of lower value than a highly variable range that is higher. For example, it's more useful as a currency if it trades between $200-$205 than if it trades between $600 and $750, even though the low range is three times higher. It's just not useful when the value changes so drastically, but naturally, people are lured by the prospect of the gamble.

[KoinKartel]

I want you to explain in detail why you personally thought that bitcoin was a healthy investment. I don't want the same crap replies about the same thing over and over. I want a longer, more complicated answer depicting the true nature of why you thought it was useful to begin investing in bitcoins.

It's not necessarily investing money into it. You obviously also invest time (which is pretty much money) into the bitcoin community. Even now, as you read this, you're investing time into bitcoins. So, explain. What made it so good? In what way did bitcoin create this image in your mind where you thought, "Hey, this seems like a good use of my time. This may hold use in the future and allow me to profit off it" instead of anything else?

Bitcoin represents the end of the fiat based financial freak show that was the dominant form of value transmission and value storage that existed prior to 2008.  

With the introduction of the Blockchain, the governments and globalist manipulators of the world have lost their monopoly on value creation.

With the introduction of Blockchain tech, anyone can generate their own version of currency from their kitchen table and instantly create value out of thin air just like the federal reserve and the bank of england - and this is the thing that most people just don't understand.

Bitcoin is only the first instance of a privately generated value transmission system that has gained worldwide adoption..... and MANY more will follow.

Bitcoin represents only a demonstration of this new society that is in it's early stages of formation.

Uber is the largest cab company in the world, but they own no cars. AirBNB is one of the largest providers of accommodation in the world yet, they don't own any real estate... Youtube, one of the largest distributors of media in the world produces ZERO content.... and Bitcoin, the most prominent, peer to peer, money transmission system exists WITHOUT a central issuance organisation

I invested in bitcoin due to this bigger picture that I described above.

There is a shift in the paradigm of the very idea of what a corporation is and how a corporation operates, and what with white collar workers now being automated out of their jobs due to advances in software and artificial intelligence, the Blockchain is CLEARLY custom built to play a BIG role in this

The blockchain represents the inclusion of, not only machines - but AI driven software into our global economy.

What with every one person, having at least one other smart device, this represents a potential inclusion of a further 7 billion participants in our economy, the equivalent of another planet of people.

Haven't you not noticed how reluctant the common man on the street is to adopting Bitcoin? ...Well, software and machines do not poses the ability to be "reluctant."

What if, in the future, a private corporation that develops self driving cars, builds out AI and software that allows these self driving cars to operate autonomously? What if these cars are then fitted with software that allows them to run blockchain tech, which will allow the cars to run economic transactions with passengers and other machines? Simply, these cars will not have the ability to reject bitcoin adoption and will contribute to boosting the daily BTC transactional volume... or the volume of some other digital currency that will be developed for this specific task.

Now this may be a futuristic concept, but there are a plethora of companies and IOT developers working on this very thing right now.

So as an investor and speculator, my role is simply to look at a bundle of facts and then to weigh up the probabilities. And it is my view that the blockchain is probably due to change the world in a major way, hence my interest in Bitcoin.

[jaysabi]

I want you to explain in detail why you personally thought that bitcoin was a healthy investment. I don't want the same crap replies about the same thing over and over. I want a longer, more complicated answer depicting the true nature of why you thought it was useful to begin investing in bitcoins.

It's not necessarily investing money into it. You obviously also invest time (which is pretty much money) into the bitcoin community. Even now, as you read this, you're investing time into bitcoins. So, explain. What made it so good? In what way did bitcoin create this image in your mind where you thought, "Hey, this seems like a good use of my time. This may hold use in the future and allow me to profit off it" instead of anything else?

Bitcoin represents the end of the fiat based financial freak show that was the dominant form of value transmission and value storage that existed prior to 2008.  

With the introduction of the Blockchain, the governments and globalist manipulators of the world have lost their monopoly on value creation.

With the introduction of Blockchain tech, anyone can generate their own version of currency from their kitchen table and instantly create value out of thin air just like the federal reserve and the bank of england - and this is the thing that most people just don't understand.

Bitcoin is only the first instance of a privately generated value transmission system that has gained worldwide adoption..... and MANY more will follow.

Bitcoin represents only a demonstration of this new society that is in it's early stages of formation.

Uber is the largest cab company in the world, but they own no cars. AirBNB is one of the largest providers of accommodation in the world yet, they don't own any real estate... Youtube, one of the largest distributors of media in the world produces ZERO content.... and Bitcoin, the most prominent, peer to peer, money transmission system exists WITHOUT a central issuance organisation

I invested in bitcoin due to this bigger picture that I described above.

There is a shift in the paradigm of the very idea of what a corporation is and how a corporation operates, and what with white collar workers now being automated out of their jobs due to advances in software and artificial intelligence, the Blockchain is CLEARLY custom built to play a BIG role in this

The blockchain represents the inclusion of, not only machines - but AI driven software into our global economy.

What with every one person, having at least one other smart device, this represents a potential inclusion of a further 7 billion participants in our economy, the equivalent of another planet of people.

Haven't you not noticed how reluctant the common man on the street is to adopting Bitcoin? ...Well, software and machines do not poses the ability to be "reluctant."

What if, in the future, a private corporation that develops self driving cars, builds out AI and software that allows these self driving cars to operate autonomously? What if these cars are then fitted with software that allows them to run blockchain tech, which will allow the cars to run economic transactions with passengers and other machines? Simply, these cars will not have the ability to reject bitcoin adoption and will contribute to boosting the daily BTC transactional volume... or the volume of some other digital currency that will be developed for this specific task.

Now this may be a futuristic concept, but there are a plethora of companies and IOT developers working on this very thing right now.

So as an investor and speculator, my role is simply to look at a bundle of facts and then to weigh up the probabilities. And it is my view that the blockchain is probably due to change the world in a major way, hence my interest in Bitcoin.

But blockchain as a concept can change the world independent of bitcoin. Bitcoin has become so inflexible that its preeminent status is threatened. Other coins have surpassed it in innovation and bitcoin can't even handle how to increase capacity (necessary for survival and to cut down on the obscene confirmation times we're currently experiencing). Bitcoin popularized the idea of the blockchain, but I wouldn't necessarily be betting that bitcoin will succeed because the blockchain is still revolutionary at this point.