What are we really investing in bitcoin?

[eagle10]

Is the service and profitability, even if bitcoin is highly volatile, are the only two reasons why bitcoin is attractive to investors? Any good opinions or answers? Thanks

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[AB de Royse777]

A belief that currency system should be decentralized. The power to the mass people, to the crowed not to a central authority. A belief that I control my finance and never worry about to be robbed by a certified (so called) authority.
 

[NeuroticFish]

I go for a proper (not linked to governments) monetary system that works (widely accepted) and which also has an underlying asset with finite and scarce supply.
The fact it works makes it an asset with value and its scarcity makes the value rise.

[manok jepang]

This is a concept that most appeals to me and many people, especially to cyberspace surfers and geeks (non-mainstream people) in the IT world. Meanwhile, the world economy is increasingly volatile. Evidenced by the American and European banking crises. The concept of its use is considered to prioritize privacy.

[freedomgo]

We are investing on bitcoin because we think it will gain massive adoption in the future, and since it has its fix supply that are slowly reducing, that would give great opportunity for the price to rise as the demand increases. We are not investing because it's profitable, we are investing because we believe on its potential to grow, think that you are investing in google or amazon at its early stage, and therefore you will get great reward in the future.

My investing in bitcoin and even altcoins are for long term, as I believe they will have a big place in this world, blockchain is a revolutionary tech, people will adopt on it as it brings real transparency among users, and government will soon regulate the crypto market, I mean fully regulate.

[nicecrypto]

Is the service and profitability, even if bitcoin is highly volatile, are the only two reasons why bitcoin is attractive to investors? Any good opinions or answers? Thanks

Yeah I think this are the two major reasons why many are interested in btc, other reasons don't hold so much value in my opinion, many people don't really look at the technology aspect of it but monetary value and what they can gain within a  short period of time, if the technology were to be a priority, price volatility will be reduce.

[UstadSoleh]

Is the service and profitability, even if bitcoin is highly volatile, are the only two reasons why bitcoin is attractive to investors? Any good opinions or answers? Thanks

Interestingly from investing in Bitcoin, for me is a taxable income. The government can not detect and can not restrict people to trade and invest.

Many people have become wealthy in this industry. And with the growing popularity of Bitcoin, now the government is starting to suppress Bitcoin. But back again that the government is still doing research because Bitcoin cannot be regulated.

I personally strongly believe in investing in Bitcoin. This technology will probably become increasingly popular in the future and start working with the Bank.

[o_e_l_e_o]

The government can not detect and can not restrict people to trade and invest.

Bitcoin can be anonymous, but it isn't by design. There are a number of methods you can go through to increase your chances of remaining anonymous whilst using bitcoin, but these are of varying complexity and many users don't do this. If you are using bitcoin addresses which have ever been linked to your real identity (because you've completed KYC on an exchange), then you are not anonymous and the government can detect that fairly easily. Exchanges are being forced by governments to hand over details of their customers' trades, deposits, and withdrawals, meaning the government can then use blockchain analysis to track down your other addresses and activity. Unfortunately governments very much can still restrict people by banning exchanges from various countries and forcing mandatory KYC requirements. If you are using bitcoin as a means to avoid tax, unless you are taking additional steps to hide your identity, you are going to have a bad time.

Using a proper mixer such as ChipMixer is good step to take, but if you want to be fully anonymous then you are probably looking at running your own Monero node over Tor and not using bitcoin at all.

[Miklight88]

So.much reason why bitcoin is attractive to everyone and the reason is the it lucrative and store of value as everyone is willing to be reach in no time cos btc in 10years now will be an amazing things that has ever happen to manhood's , and for this reasons , many are willing to buy at a rate they feel will still give them profit in short time and sell if there is evidence of bear to cash out .

[oleg681010]

Bitcoin is the only coin on the market that is really worth something, including the attention of investors

[Artemis3]

Is the service and profitability, even if bitcoin is highly volatile, are the only two reasons why bitcoin is attractive to investors? Any good opinions or answers? Thanks

Because it isn't. Volatile. Zoom out and see the graph, it is steadily going up, slower with the pass of time.  If you buy today, wait a few years or so. Then you'll understand.

Short term is useless except for traders. Don't pay attention to the little fluctuations you see from week to week or even months, you have to look at it at years, and perhaps decades.

Bitcoin is valuable because its secure, AND uncontrolled. Its rules are defined in code, not by some politician or banker whim. Which is why its price on the market float freely, its a proof of its freedom. Be wary of altcoins that artificially peg their price to something else, because there is something going on, as with any fiats that have done the same in the past (with dire consequences).

Did you know: The Venezuelan bolivar (VEB) was "pegged" to the USD to around 1 600 Bs in the year 2004? Do you know how many of these would it be today for 1 USD? 2 100 000 000 000 *.

* 1 000 VEB = 1 VEF (2008), 100 000 VEF = 1 VES = (2018).

The current monthly wage for a full time 8/hrs 5~6 day/week job is equivalent to 2 USD.

And some say bitcoin is "volatile", from 0 to 10k in 10 years while the State backed bolivar lost 8 zeroes... And people trust States and banks, because they have never lived hyperinflation or bank runs in their "perfect" run free market economies... America had their little house bubble pop in 2008, yet they didn't had their fiat lose 8 zeroes in the very same time span... Perhaps they would have, if socialists had their way and the State assumed everyone's debt.

Of course, an Austrian economist would oppose bailing out the banks, let them go bankrupt, rather than helping them, which is a form of State intervention out of "fear", which is what made the bubbles form and pop in the first place, the mistaken Chicago school they keep following like dogma, the same that fears deflation and promotes debt...

[Sohyun Park]

I would say that   hmm the transparency and the decentralised nature of this currency is the reason why I am after it.

There is this weird though that always runs on my mind whenever I see my Instagram account of FB account. There are so many people who post there day in and day out activities and this technology gives you such a huge opportunity to stay anonymous at a large extent.

You might be thinking why am I posting it here, the main reason is there is complete transparency that which address has how many funds/from where the fund were sent/where currently the funds are and all. But, If I get paid in crypto to my wallet and trade or hold it noone really knows How much I hold as a individual.

In simple what I feel is in this dramatic(fake) non-anonymous world there is some technology that has both transparency(opposite to fake) and anonymity. That is it has required amount of freedom for everyone.

Hope I could convey my thoughts properly.  

[babysweetTiger0401]

Many of the holders of bitcoin believed that in the near future it will become the world currency. In which most of the merchants all over the world now together with the big companies are also adopting the concepts system of blockchain technology where bitcoin was being created.
And now Bitcoin was already being used as mode of payment in online transaction, and for sending money and give savings for the future too.

[avikz]

Is the service and profitability, even if bitcoin is highly volatile, are the only two reasons why bitcoin is attractive to investors? Any good opinions or answers? Thanks

Investors mean profit. So when you talk about investment, majority of the investors invest to get a good amount of profit. There's nothing else come to their mind! Investors literally don't care about the belief of a decentralized economy or whatever revolutionary thinkings! Investors mean money and its pseudo anonymity help them to keep a check on their due taxes!

[Distraction]

There are different kinds of people that have different expectations from investing in Bitcoin. For example, some people invest in Bitcoin just for making profit. On the other hand, some people use Bitcoin as currency on Bitcoin-accepting places.

[sehoon]

If you're a person that just heard about bitcoin, I think the first thing that you will hear is the price. And from that they would start asking questions about it's legitimacy. Next, information about decentralization, anonymity will come along.

[Linkkoin]

1. Time
2. Money
3. Believes.

But as well, if we speak of Bitcoin as digital gold, we would like to remind all users one thing gold and BTC have in common.

Few hundreds of years ago, years before banknotes were introduced, the gold had its "common" value. So then no matter if you had a golden coin from England, Spain or Germany, you could use it for payment ANYWHERE. Because gold was common and regarded as something having real value in the whole civilised world, independent from decisions of monarchs, politicians or banks.

This is one of the main ideas behind Bitcoin.

[TalkStar]

Peoples are getting interested to invest or using bitcoin as their payment method for couple of reasons. I am gonna provide some of them for you here;

1. Bitcoin is running by worlds most secure blockchain technology.
2. Its Users are able to make hassle free transaction just in one click with lightening speed.
3. It gives us complete freedom for storing our funds where you don't need to worry about account limit or yearly service fee.
4. No one have got the power to control its price and its users have enough trust on this matter.
5. Community means a lot for any coin where bitcoin has got the largest one.

[electronicash]

the certainty that BTC can be sent without intermediaries regardless of its value is one reason we are investing. this would sound very unreal even to myself but if i can send funds to someone out there without the need of a bank i guess is worth getting into. but of course that is hypocrasy because i meant profit all the time. aside to decentralization i would also assume the rest are here for money though which is why we really are investing.

[serjent05]

Is the service and profitability, even if bitcoin is highly volatile, are the only two reasons why bitcoin is attractive to investors? Any good opinions or answers? Thanks

Indeed it is the profitability for most of us.  For an ordinary individual at least it is very attractive to see a possible way of getting profit in a technology at its early stage.  Even if lots of us said that it is the technology they are investing, without the idea of getting profit, they won't even pay attention to this technology.  Technolology, adoption, marketplace, they all point to one thing, advancement and profit.  So, I believe that is what majority of us is investing in Bitcoin.