kokojie (OP)
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December 19, 2013, 01:00:36 AM |
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You don't invest in USD or EURO or etc... you use them. Bitcoin is a currency, and a tool. It wasn't meant for people to make money. People made money holding Bitcoin while it is in growing phase, is simply an abnormality. Once Bitcoin reach user saturation, there probably will be no more such occurrences.
Also Bitcoin may forever be an obscure experimental internet currency, that may never make it mainstream. There are no guarantee that it will become mainstream. So user saturation MAY already happened.
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btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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beetcoin
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December 19, 2013, 01:02:29 AM |
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you are wrong. bitcoin is both a currency and investment. that's why it's so special, there has never been anything like it. you can't just say that it's not an investment because you don't want people looking at it that way.
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vesper39
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December 19, 2013, 01:10:44 AM |
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You definitely can invest in USD/Euro. That is what people do on forex...
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kokojie (OP)
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December 19, 2013, 01:12:09 AM |
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You definitely can invest in USD/Euro. That is what people do on forex...
No, you don't invest in USD/EUR pair, you speculate. Forex trading is a zero sum game. My point is that Bitcoin does not reliably produce wealth, it is a currency, similar to speculating on forex. At some point, user numbers will reach saturation, and Bitcoin will no longer produce any returns (except maybe due to deflation). |
btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
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Interized
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December 19, 2013, 01:19:13 AM |
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You definitely can invest in USD/Euro. That is what people do on forex...
No, you don't invest in USD/EUR pair, you speculate. Forex trading is a zero sum game. My point is that Bitcoin does not reliably produce wealth, it is a currency, similar to speculating on forex. At some point, user numbers will reach saturation, and Bitcoin will no longer produce any returns (except maybe due to deflation). are you really this fucking retarded? YES you CAN and people DO invest in the USD/EURO etc. infact, people even make a living doing this. here let me give you the retarded thread of the year award |
Gold isn't the answer.
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subcoin
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December 19, 2013, 01:30:17 AM |
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Forex trading is a zero sum game. It is not. Governments end up paying. But don't feel bad for them, since they can create money out of nothing. What is Investment In finance, investment is putting money into an asset with the expectation of capital appreciation, dividends, and/or interest earnings. |
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Peter R
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December 19, 2013, 01:55:31 AM |
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My point is that Bitcoin does not reliably produce wealth, it is a currency, similar to speculating on forex.
Bitcoin has great potential to increase the world's wealth! Bitcoin improves efficiency and cuts-out middle men in banking, mobile payments, and international remittance. It allows people to exchange value instantly, and, unlike cash, it doesn't require two people to be in the same physical spot or to have the correct change. It will allow the world's "unbanked" to more easily save and it gives all people a sense of privacy and monetary freedom that has never existed before. And this is only the money aspect of bitcoin. With coloured coins and smart contracts, who knows what else we will accomplish. So, just like how advances in robotics increased the world's wealth by improving manufacturing efficiency, bitcoin will increase the world's wealth by improving monetary efficiency. It is emphatically not a zero-sum game. Later investors increase the value of early investors holdings, giving them the financial power to take time away from their day jobs and put energy into furthering the bitcoin network. It is really an incredible market-driven funding mechanism unlike anything that has ever existed before! |
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SprichtZarathustra
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December 19, 2013, 02:17:55 AM |
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are you really this fucking retarded?
here let me give you the retarded thread of the year award
Well good afternoon to you too, sir. I think OP is making some valid points. Usage is the next challenge. All fair and well to sit on a pile of BTC worth alot of FIAT in your head, but it's the FIAT Bitcoin can finally rid us off. Therefor we need to eventually start using the damn things for buying stuff, paying labour, all the things we now use FIAT for. Also, the point he make saturation might already have happened is also possible. Maybe the masses will not like the system and won't use it. Then this is the BTC-economy size right now. I personally don't think this is the case. I think it'll get much wider adoption, regarded that the learning curve for most people is still tough. Try to get average Joe making a cold wallet. |
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Dafar
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dafar consulting
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December 19, 2013, 02:42:16 AM |
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You definitely can invest in USD/Euro. That is what people do on forex...
No, you don't invest in USD/EUR pair, you speculate. Forex trading is a zero sum game. My point is that Bitcoin does not reliably produce wealth, it is a currency, similar to speculating on forex. At some point, user numbers will reach saturation, and Bitcoin will no longer produce any returns (except maybe due to deflation). So people who bought bitcoins in 2010 and saw 1000% returns aren't allowed to say that they made a good investment? They put money in a commodity (gold 2.0) and they came out with more money through appreciation.. sounds like an investment to me. |
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BittBurger
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December 19, 2013, 03:24:32 AM |
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You don't invest in USD or EURO or etc... you use them. Bitcoin is a currency, and a tool. Agreed. This new "mantra" everyone's talking bullshit about "Bitcoin is a store of value not a currency" is utter bullshit. Proof of that is whats happening in the market. Bitcoins VALUE is going to be in its capability to facilitate trade and transactions. The market trading is an irritating distraction at best, from what Bitcoin is. I dare say it has nothing to do with Bitcoin whatsoever. Its simply an interface for annoying day trader types and clueless investors to try and make money. They are the reason bitcoin seems "volatile". Bitcoin is not the reason. Bitcoin hasn't changed. People's bi polar frantic-buys and panic-sells are what keep changing. And its that nonsense - treating Bitcoin as an "investment" which is making things so volatile, and giving Bitcoin a bad name. Bitcoin is not just a "store of value". Its a currency. No matter what people want to think. So people who bought bitcoins in 2010 and saw 1000% returns aren't allowed to say that they made a good investment? They put money in a commodity (gold 2.0) and they came out with more money through appreciation.. sounds like an investment to me. Bitcoin itself is NOT an investment. The trading interface where people are assigning speculative value to it, is where the investment is. As I understand it, Bitcoins only "investment" aspect is its overall deflationary behavior. But that is not reflected in massive spikes and crashes. It is something that changes over long periods of time. What you are commenting on is a bunch of humans outbidding eachother on something. That's different. |
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Patel
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December 19, 2013, 03:59:19 AM |
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Stop trying to dictate how others view Bitcoin
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BitcoinSteve
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December 19, 2013, 04:12:09 AM |
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I think its an investment, if it increases in value..
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DRK: XtijFQdCcPpKXmtjKF4xdpy6vCvJTymfzw
BTC: 1LbPHiUfegA3Xjfg4YJkJqLNpaRWDcRPay
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jonanon
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December 19, 2013, 05:17:09 AM |
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I consider Bitcoin to be mainly an investment but would like to see it more as a currency, as soon as I can order basic essentials online, groceries etc and pay the electric bill with BTC then Bitcoins role will change and there will be less speculation trying to make profit on it's changing value.
Bitcoin is what it's users perceive it to be, not what it's creator intended it to be.
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whiskers75
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December 19, 2013, 06:15:42 AM |
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Remember:
Bitcoin is still in beta.
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titulng
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HubrisOne
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December 19, 2013, 06:17:19 AM |
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2,100m bitcoins are not all the produced, not saturated
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phazon307
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Don't fear Crypto Exchanges go with honest well kn
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December 19, 2013, 06:22:48 AM |
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Really so is that why stores in Utah accept it because it can't be used as a currency?
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Win up $200.00 usd in bitcoins every hour. |
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PenAndPaper
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December 19, 2013, 06:27:04 AM |
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Still a great speculation vehicle  |
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Bitcoinpro
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December 19, 2013, 06:32:38 AM |
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it can be treated as an investment though the trick to it is holding enough coin when its starts being used a currency
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WWW.FACEBOOK.COM
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LTC: LP7bcFENVL9vdmUVea1M6FMyjSmUfsMVYf
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PenAndPaper
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December 19, 2013, 06:33:38 AM |
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it can be treated as an investment though the trick to it is holding enough coin when its starts being used a currency
Nice advise. The Chinese will appreciate it  |
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iPaulito
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1EDwkxCjCMGGNQqZdxa8FwheMHXSoQe4TU
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December 19, 2013, 09:02:16 AM |
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You don't invest in USD or EURO or etc... you use them. Bitcoin is a currency, and a tool. It wasn't meant for people to make money. People made money holding Bitcoin while it is in growing phase, is simply an abnormality. Once Bitcoin reach user saturation, there probably will be no more such occurrences.
Also Bitcoin may forever be an obscure experimental internet currency, that may never make it mainstream. There are no guarantee that it will become mainstream. So user saturation MAY already happened.
They are both and for 80% of people including me it is an investment with a great risk reward ratio. Everybody wants to make money and doing that whilst helping a good thing to succeed? Priceless |
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