Crypto is more like “a psychological experiment than a serious investment"

[zakariajaki]

talk about will bitcoin disappear? what value do we buy from bitcoin and what essence is paid?
I try to argue, from the first whether bitcoin will disappear, my consideration of simple bitcoin disappears not a problem but when crypto disappears I think not but if evolved and continue to grow I think yes with the name of the term even other systems, what essence we pay and what value purchased, for bitcoin so far that I feel the ease of access wherever and whatever privacy without any mixture of other parties eg the government associated with taxes, is for the value purchased ie on the privacy system and the amount of volume of coin, security and convenience of access in transact in the market , may be useful and successful for all of us

[zoomzoom]

The tulipmania is obviously not something he was reminded of haha, it's often mentioned by critics allongside crypto-currencies.. but there is only really a superficial link between them. Crypto solves a very real economical and societal problem and some people just don't like that. Also the term "serious investment" is hyperbolic.. no one invests really without the intention at least of it being serious..

[ivrynx]

I think trying to say it as a psychological experiment, is something that needs to be proven first, ifnwe take a look at fiat, we can also say it is a psychilogical experiment, the more you have, the more you feel rich, thus the reason it was being counterfeit by a lot of people during the days, and also it is being controlled by central banks and governments, however for crypto, youbare giving power back to those people that government and banks had screwede up,.since what they are giving to people is only bank notes, it is not backed up by anything, unlike before, it is backed up by gold, for crypto on the other hand, it is backed by information, since we live today in the infornation age, data or information is much more expensive than gold.

[Haoque89]

  ICrypto is like "a psychological test rather than a serious investment," I suppose it is serious practice if you seriously accept it if you invest seriously it is also the right direction for you

[Apened]

  ICrypto is like "a psychological test rather than a serious investment," I suppose it is serious practice if you seriously accept it if you invest seriously it is also the right direction for you

It merely means a psychological is the first thought before we make a certain decision or how we appreciate and treat every little things in investment. You don't want to be srious in investing you need to be serious in your psychological thinking and that will be the best result that you may have done in investing.

[trecore4]

Thats a nice piece of write up there. I think bitcoin plunged to 20K USD was big mistake and that is why it is coming down. A mistake, in terms of artificial pump and people considering it the natural pump. However they related later events with the fall of bitcoin such as, Mt Gox event, Two major exchanger getting hacked and recently bithumb hacks etc. However its really about the bitcoin correction thats been followed. If this hypothesis is correct then I am 100% we will see bitcoin going down to 5K USD the same prices which it had last year around the same months as we are in.

[Kronos21]

Thats a nice piece of write up there. I think bitcoin plunged to 20K USD was big mistake and that is why it is coming down. A mistake, in terms of artificial pump and people considering it the natural pump. However they related later events with the fall of bitcoin such as, Mt Gox event, Two major exchanger getting hacked and recently bithumb hacks etc. However its really about the bitcoin correction thats been followed. If this hypothesis is correct then I am 100% we will see bitcoin going down to 5K USD the same prices which it had last year around the same months as we are in.

You may be right. But I do not regret what happened last year. I managed to recover the value of my investment in Fiat and now I am absolutely calm. Whatever the price of bitcoin is, I will be profitable. on the other hand, we got a chance. Someone did not take advantage of this but the pump provoked a large increase in the popularity of cryptocurrencies. Perhaps this will bring a positive result in the future.

[Indrawan77]

I think it's not as psychological experiment but more of the currency, bitcoin was created to become a decentralised currency that can be used for global transaction, it never intended for investment, but because of the increasing value people used it for investment

[Supreemo]

I think it's not as psychological experiment but more of the currency, bitcoin was created to become a decentralised currency that can be used for global transaction, it never intended for investment, but because of the increasing value people used it for investment

,people had their own perception on things and we could not also blame him for having his own point of view on crypto most specially bitcoin. as time goes by bitcoin becomes a store of value but at the same time it is still being used as a currency. nobody knows also if it is a bubnle or not, maybe he is only conducting an experiment but it has been proved so many times that bitcoin wont just popped out and begone.

[South Park]

The tulipmania is obviously not something he was reminded of haha, it's often mentioned by critics allongside crypto-currencies.. but there is only really a superficial link between them. Crypto solves a very real economical and societal problem and some people just don't like that. Also the term "serious investment" is hyperbolic.. no one invests really without the intention at least of it being serious..

The link is very tenuous, the only thing common to them is that the huge price increases in both assets was caused by the will of the public and not the government, but maybe we should remind all of those economist that think they have figured out the way to print fiat currency in an unlimited way that every single fiat currency has gone to zero and the US dollar is not going to be an exception.

[kateycoin]

For me bitcoin is serious investment that need a full attention and need to study about this how to manage well and the strategy you make to your investments.  But on the other hand this there's a psychological in this situation.

[noictib]

Robert Shiller, professor of economics at Yale University and co-founder of the Case-Shiller Index, expressed his idea about cryptocurrency.

"I'm interested in bitcoin as a sort of bubble. It doesn't mean that it will disappear, that it'll burst forever. It may be with us for a while," said Shiller.

"To me, it's interesting as another example of faddish human behavior. It's glamorous," he added. The bitcoin craze reminds him of tulip mania in the 17th century, the event which is considered one of the first recorded speculative bubbles where a buying frenzy and lofty expectations replace rational justifications for an item's value.

The price of bitcoin grew so fast. The cryptocurrency hurtled above $1,000 in early 2017 after trading at less than a $1 at the beginning of the decade. It even hit an all-time high north of $20,000 in mid-December. (recommend FuninUSA for updated data about cryptocurrency)

A lot of people have benefited from the cryptocurrency investment. But Shiller would still like to see it as a psychology experiment. “It is more psychological than something that could be explained by the computer science department,” He said.

Bitcoin held above $8,000 on Friday morning after topping that level a day earlier. The two-day rally comes after a weak start to April likely tied to tax-related selling. Prices dipped below $7,000 earlier this month.

Will the bitcoin disappear? What's the true value of bitcoin? What essence in bitcoin are we paying for?

In this world everyone is independent to expose his feelings and thinking regarding particular things , so here you have putted your opinion .
But here mine opinion is different from yours one , here the best thing that I know is that bitcoin can't be disappear because here as we have more trust with the banking system than over the bitcoin and bitcoin sector intelligence clearly declared that blockchain technology is more better then banking system technology , so Ofcourse here we are more secured and safe with the bitcoin and bitcoin can't be disappear easily .
And here Investment in cryptourrency is not a psychological Investment because here all depends upon us that how we treat himself towards the market and how we take advantage of dump and pump at perfect timing .
Otherwise if you will see another practical life things like gold and silver then in that case there is more chances to loss than profit , so don't make thinking like this about cryptourrency in such ways .

[trako]

Everything is possible. but it is a fact that some earn money, others lose money.
how long will this experiment continue? what do they try? what are their purposes?
The answer to these questions is important to me. otherwise, the determinations made have no meaning.

[gambitcoin53]

the problem with some people is that they see bitcoin as valuable only as an investment, they are just looking at one side of what truly bitcoins is, they only see it at an asset intended for investing only but it is just one side of bitcoin, originally, bitcoin was intended as a tool to purchase online, but sooner, as it developed, because of its high demand, it developed into an asset that eventually became expensive, of course it is a psychological experiment because it involves the behavioral pattern of users whether to sell or buy depending on the trend, and the fact that is an investment, any investment requires the capacity of every owner's psychological and social response to market demands. but it doesn't mean a multi million trader is not serious in his investments in bitcoin, it involves money, of course its serious. 

[spongegar]

Well, i would have to agree. Until BTC could be used for something and not just an investment to convert your fiat into then it will remain as an investment that will only last until midterm. To be a longer term valuable investment, it should have projects so it would do the purpose it was created for, a better option than cash.

[Burogh]

I dont believe bitcoin is a buble. Bitcoin offering new economy model and can fix our economy system. Current economy system always depending on central banks to push economy growth but in other side, its increasing inflation because central banks always pumping fiat money.
Bitcoin existence want to make a good system with limited supply and its like binding our economy system with gold

[sserge009]

how well to throw poorly thought out statements under the cover of Yel's degree. No factology, no historical analysis of the financial behavior of a person, nothing. Only empty words closed in the beautiful shell of the Ivy League.

[btc78]

Wellif this is a psychological experiment and from nine years of existence i should say this is a successful experiment,we do spread all over the world and had invested almost a trillion dollar from 2017 December and until now continuously growing and bringing life to many people that needed a financial support those who has denied of work and living

[muratdur]

 I think that this is awesome, yes this period of time is not the best for long-term holding or investing, but for traders it's a dream time,  when you really can just turn your monthly income in a day.

[South Park]

Everything is possible. but it is a fact that some earn money, others lose money.
how long will this experiment continue? what do they try? what are their purposes?
The answer to these questions is important to me. otherwise, the determinations made have no meaning.

Many use that kind of thinking to describe bitcoin as some sort of ponzi scheme but that is not true because if that was enough to call something a ponzi scheme then all the stocks, bonds precious metals and even daily products that we use will have to be called to be a ponzi scheme and that is simply not true, just remember that when you decided to invest with the hopes of earning money you also accepted the fact you can lose money as well.