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Author Topic: What do you think of people that treat Bitcoin solely as an investment?  (Read 5532 times)
virasog
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February 17, 2017, 03:48:53 AM
 #61

I think they are smart! Especially if they bought their bitcoins from the time it was really low like around $200 per coin and held till now. That is 500 percent profits from just holding your coins. $200 price levels was around 2014-2015 which would mean that they only held for three years and they have earned more than 100% per year.
Yes they are totally smart, investing to bitcoin in early time totally gives you more profit now. Clever thinking of making money with all risk, yet in the end money comes so easy on sitting it on bitcoin worth. Its not easy to invest early in anything as you do not know where it will go in future. Those who take risk of investment mostly succeed.

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hatshepsut93
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February 17, 2017, 09:09:10 AM
 #62

I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.

Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?

Those things are not necessarily mutually exclusive, it's just that there's not enough merchants who accept bitcoin. I don't think there's much places in the world where you can make your typical everyday purchases with bitcoin, also it's not good for big purchases like housing, because you won't be able to make it officially. So overall bitcoin is far from perfect payment method, simply because it's not popular yet, and also not supported by government.

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February 17, 2017, 09:26:02 AM
 #63

Bitcoin is the first currency that you could invest with buying the currency itself alone, it's not like you say I'm going to buy $10m dollar as investment.
There is nothing like bitcoin in the entire world.

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February 17, 2017, 09:32:33 AM
 #64

I think it is ok.It's their decision as others decide to use it as currency/money and further others as object for speculation or to build their business ideas on top of it. Bitcoin is completely open without any permission to anybody and therefore we have to respect how others see and define Bitcoin for their own personal use.

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February 17, 2017, 09:43:44 AM
 #65

For me they are wise people
because they have a great strategy
to get an income.

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February 17, 2017, 09:54:49 AM
 #66

I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.

Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?
Well for me I really think that bitcoin is an investment,
Specially if they would bought it in a low price and wait for it to rise up then sell.

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requester
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February 17, 2017, 10:06:39 AM
 #67

they might not have proper idea about bitcoin, yes i do had encountered with people who use bitcoin and other cyrptocurrency just to make profit. i think they dont know what revolution bitcoin is bringing to the world of digital money. they should support it and let the development of digital money be a another revolution on this earth.
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February 17, 2017, 10:55:49 AM
 #68

you can't really tell someone not to treat bitcoin solely as an investment while there aren't many places that accept bitcoin as a payment option (currency) for example when you go to Amazon you have to pay with fiat so even if you want there is no "direct" method to purchase things with bitcoin.

on the other hand is the price and its volatility. that always drives people away from spending their bitcoin.

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February 17, 2017, 11:16:59 AM
 #69

Bitcoin is the first currency that you could invest with buying the currency itself alone, it's not like you say I'm going to buy $10m dollar as investment.
There is nothing like bitcoin in the entire world.
true bitcoin come with a fresh concept, but unfortunately nowadays people get more interested in bitcoin as investment not as payment processor/currency to pay anything online/offline , i personally now used bitcoin quite often , to do business around my place and accept bitcoin as the payment processor.

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February 17, 2017, 11:38:02 AM
 #70

Your question really nice, Bitcoin is a virtual currency and now it was much water he receives, so it is investing very positive, we can profit from it, market Bitcoin is very similar to the real estate market, therefore, the level of investment can equal the real estate business, and moreover, this investment even more convenient with the speed of Bitcoin transactions.

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February 17, 2017, 11:44:02 AM
 #71

I think they are smart! Especially if they bought their bitcoins from the time it was really low like around $200 per coin and held till now. That is 500 percent profits from just holding your coins. $200 price levels was around 2014-2015 which would mean that they only held for three years and they have earned more than 100% per year.
Basing on your calculations it is really right that on just holding bitcoin would really gives good returns on longer years but basing on the high price i dont think it would give the same profits too since $1k price is already high and it cant go to 5000% in just a couple of years.

It already has gone up 5000% (much more) in a couple of years, whether it can again, no one knows for sure, but I wouldn't bet against it.  I will say that at dollar parity, $10, $30, $100, $200 etc each time many people said "<X> price is already high and it can't go higher". 

And everyone knows what happened then.
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February 17, 2017, 11:49:20 AM
 #72

Well I call such people smart and that's how it works in the world. You buy at low price and sell at high price nothing wrong in it. But you are wrong that people don't understand Bitcoins, they very well do and that's how they make money and even you should learn to make it. As far as global Currency is concerned, it's a crypto currency and most of the countries are not ready to accept it, but some cities and recently one country has adopted Bitcoins. So I feel it's getting global recognition. Treat Bitcoin as a long term or a short term investment your call, buy at 1000$ sell at 1040 $. Your call you can even treat it like shares.

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Creepings
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February 17, 2017, 01:25:05 PM
 #73

Based on the past of bitcoins up until to now, i regret that i did not tried to invest some of money through it. In my opinion, as the sayings say, bitcoin is freedom. So it does not matter as long as they are not fooling other people. They earn bitcoin: I earn bitcoin, well thats fair.



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YuginKadoya
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February 17, 2017, 01:57:04 PM
 #74

I've seen a lot of people arguing that Bitcoin can be profitable because of its volatility and convenience, but sometimes I feel that people using Bitcoin as an investment have little enthusiasm for its main use as a means of trading without an intermediary.

Under what circumstances should Bitcoin be treated as investment and to what extent should people think about its use as a global currency?

I don't really think that way I always think bitcoin as part of my work as prior with my real work, I can always do both at the same time, and I think people thinking that bitcoin is an investment the possibility of bitcoin to be that way is high you can really trade with bitcoin and take the bacon when your choice are right, and some are betting on gambling that is high on risk they think of enjoying bitcoin with gambling, there are many people and all of us have different ways of thinking, and as for me I think Bitcoin can be all of it you can probably do it all and try to think bitcoin in a positive way.


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Mometaskers
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February 19, 2017, 06:30:24 PM
 #75

I'd say they're savvy. I personally still think of bitcoin as some sort of investment considering how the price increases in comparison to my currency (which is at an all time low compared to USD). That doesn't rule out using it for currency though. I think that's the beauty of it. You can get it now as a store for your money but you still get to use it to buy stuff. Can't do that with stuff banks offer like time deposits. When the price stabilizes that bitcoins use become widespread, the people who bought coins years ago would already have a head start.

mrkevio
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February 19, 2017, 06:43:05 PM
 #76

They can do whatever they want. Investors won't hurt us, so will traders or anybody else. Investments actually help: the demand goes higher for a smaller amount of Bitcoin in circulation. The price will only keep going up until most of the investors will start selling their BTC. This will be a bubble that will burst one day.

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February 20, 2017, 02:01:49 AM
 #77

People are free to use bitcoin as they see fit,  it is not up to anyone to tell them what to with their bitcoin, its sorta the whole point.  I have purchased bitcoin to hold long term so that in the future i can buy more with it.

That is right, as they say bitcoin is free, you can do anything with it. And i think there are lots of bitcoin users that treat bitcoin as a investment, saving it for trading or exchanging it for a profit.
Though I didn't really purchased bitcoin, but I did earn them through a lot of faucets and PTPs. Luckily after withdrawing in that faucets the bitcoin's price increases, and I did exchange it to real money so I can use it.


 
 
 
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February 20, 2017, 02:10:29 AM
 #78

In my village we call them farmers Cheesy yes they invest buying a land building cooling systems bringing in hundreds of mining machines and start mining bitcoin. that means investing in bitcoins not just buying and accumulating. and any time you do invest in this virtual gold it's never too late.
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February 20, 2017, 02:33:31 AM
 #79

In my village we call them farmers Cheesy yes they invest buying a land building cooling systems bringing in hundreds of mining machines and start mining bitcoin. that means investing in bitcoins not just buying and accumulating. and any time you do invest in this virtual gold it's never too late.
Yes its never been too late to engage to bitcoin even its current price is a little bit steep for some and already considered on high price already and on mining it you will still need huge money to invest on and we all know mining equipment arent cheap at all. If i do have the money i will surely made the same thing too.

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February 20, 2017, 02:34:07 AM
 #80

Chances are half of the people (or maybe more) that you’d come across here would choose bitcoin more as an investment than a currency. You know why? Because that is the wise thing to do. If you are presented with something that outperforms any other known currency and legitimate investment at the moment, you would be a fool not to take advantage of it.
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