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Author Topic: Bitcoin soon will become a boring investment?  (Read 1013 times)
ultrloa
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July 05, 2020, 12:14:14 PM
 #21

For those who say investment is boring because it is too long to wait for prices to rise, this word can come out because they cannot hold back what they have done before.
Bitcoin is widely used in several versions including digital currencies which are currently widely used and may even become a legal payment tool in the future, I think there is no investment that is bored because all we have to wait for bitcoin is a little slow what we expect in this year after halving happened.

Provably their expectation is so high that they can earn with it quickly without even thinking the risk of volatility or everything, Maybe those kind of people are over hype by someone who tells that bitcoin is fast investment and they can earn big on it. But I think reality strikes on him and he didn't get what he expect from bitcoins that's why he show some unreliable sentiments regarding on bitcoins/cryptocurrency.

R


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July 05, 2020, 12:32:56 PM
 #22

Allot of people are making investment in Bitcoin, even with the risks involved. Everybody want to own Bitcoin. Many have half or more than half of their portfolio invested in Bitcoin already, This digital currency is becoming  almost common to all, when everyone owns a Bitcoin who then will care about it as it will be as common and a boring investment.
Every Investments must have risk because this is what Investing means.

Some people Invest to Keep for long term while others invest just to make money instantly.

But the main objective of the majority of people here?is to Support and profit from bitcoin,
I have been in this field for more than 3 years and all i see is Money when i am looking about Bitcoin,even when the market
 keeps on Bearishness ?i still believe that income is on the next run.

Quote
I believe this is a treat in the Bitcoin market value, could this actually bring down the market? Or it is a sign for feature increase in the market? Your thoughts are welcome..
how long does Crypto market exist?More than 10 years right?

So where is the risk there?if it is really indeed then Bitcoin should be back to zero now?

Stop your Hallucination and focus on your holding.

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July 05, 2020, 12:37:13 PM
 #23

when everyone owns a Bitcoin who then will care about it as it will be as common and a boring investment.

For all purposes, I see everyone owning "a" US dollar although most of them still care about it because it can be spent on things. And not just on big technical services, you can buy commodities with it. So when the time comes when most commodities can be purchased with bitcoin it won't be boring, it'll just be taken for granted.

I guess you can call a daily wage of fiat money an investment in that tangent.

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July 05, 2020, 12:41:29 PM
 #24

I can't catch what the term "boring investment" means. Many people buy precious metals, but do consider gold the boring investment. If more people buy Bitcoin, it's better for the system.

investment is always equated with the desire of people to rotate money for a certain period of time in order to get benefits in the form of something, can be in the form of shares, gold and of course also with bitcoin.

strongly agree with colleagues above about the "boring investment", I'm not sure that for investments in bitcoin would say that.
bitcoin investment to date has been sought and held by many people because it is believed to be profitable.

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July 05, 2020, 12:49:27 PM
 #25

I'm going to take a deductive leap and assume that anyone talking about being bored is primarily a speculator?  Someone looking for fiat profit and having comparatively little interest in the benefits of actually using Bitcoin.  The excitement for me comes if/when Bitcoin is ubiquitous and I can spend it anywhere in exactly the same way I currently spend national currencies.  If that is to happen, it's seemingly a long way off, though.  Until then, enjoy the ride.

I feel the same. People who are complaining are people who invested before the halving in hope of Bitcoin going to the moon right after. Now a month later the price is even lower than it was and the volatility is pretty much a textbook bot trading.
Those who wanted to buy for long term simply hold. Those who bought to sell with profit when Bitcoin pumps after the halving begin to question their decision. Bears still hope it will fall to 6-7k before going back up so they wait. I don't really care because I'm not planning to sell at 10 or 12k. These aren't the levels I'm waiting for so I'm prepared for some more months of "boring".

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July 05, 2020, 12:52:27 PM
 #26

                                     
Bitcoin was never developed to be an investment, Satoshi Nakamoto created it to be used as a Currency.

But still regardless of the initial idea, Bitcoin is currently perceived much more as a store of value than as a currency. The vast majority of those who have Bitcoin may never have taken the opportunity to use it as a currency. If we take into account that millions of BTCs do not circulate at all for years, and that most transactions are those that take place on the route : user -> crypto exchange - > user , then a very small percentage goes to transactions that would go into the category of payment for goods and services.

People should really use BTC as a means of payment, but first they should learn some basics, because they often complain that they paid too much fee, or that the transaction got stuck for hours.



Let me pull out a random survey in the internet to unjustify your claim.

Nice survey, I think that the number of respondents can always be higher, but the data still show that we are still far from a major adaptation. However, it should be taken into account that people do not always tell the truth, and that it is easiest to say yes or no, no matter what the question was.

By the way, your source link is not working.

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July 05, 2020, 12:58:43 PM
 #27

Bitcoin is becoming a boring investment due to lowering of liquidity and volatility. We have 1 month of flat actually

Then do you think that dictate everything? You should consider that we are on crisis many people are got affected so expect the demand to lower down while the crisis still hitting the grounds. Actually i'm still happy that even if we are facing a global recession bitcoin still manage to became stable at $9k and actually you can earn the low movements for now, just be smart on your trades and you will earn with it.

R


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July 05, 2020, 01:09:58 PM
 #28

Allot of people are making investment in Bitcoin, even with the risks involved. Everybody want to own Bitcoin. Many have half or more than half of their portfolio invested in Bitcoin already, This digital currency is becoming  almost common to all, when everyone owns a Bitcoin who then will care about it as it will be as common and a boring investment.

I believe this is a treat in the Bitcoin market value, could this actually bring down the market? Or it is a sign for feature increase in the market? Your thoughts are welcome..
Each person holding a bitcoin is a rare possibility since it takes time to accumulate a whole bitcoin for a middle class man.
Bitcoin is supposed to be used as payment method. If everybody accumulates one bitcoin then they will probably use it more wisely since they will not want to waste their precious coins. If looking it in a speculative way then it's price will increase since nobody would be selling it because they will only be one bitcoin each.

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July 05, 2020, 01:13:42 PM
 #29

Allot of people are making investment in Bitcoin, even with the risks involved. Everybody want to own Bitcoin. Many have half or more than half of their portfolio invested in Bitcoin already, This digital currency is becoming  almost common to all, when everyone owns a Bitcoin who then will care about it as it will be as common and a boring investment.

I believe this is a treat in the Bitcoin market value, could this actually bring down the market? Or it is a sign for feature increase in the market? Your thoughts are welcome..
Increasing numbers of investors in bitcoin doesn't mean that it becomes common at all,

When everyone owns a bitcoin it only means that the demand is increasing. It won't become a boring investment because as the demand increases, its value will also increase. How does an investor will see it as a boring investment if it can bring a profit.


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July 05, 2020, 01:13:54 PM
 #30

Allot of people are making investment in Bitcoin, even with the risks involved. Everybody want to own Bitcoin. Many have half or more than half of their portfolio invested in Bitcoin already, This digital currency is becoming  almost common to all, when everyone owns a Bitcoin who then will care about it as it will be as common and a boring investment.

I believe this is a treat in the Bitcoin market value, could this actually bring down the market? Or it is a sign for feature increase in the market? Your thoughts are welcome..

There are still a lot of governments that prohibit the use of cryptocurrency in their country. It is hard to say that in the future, bitcoin will become almost common to us all, there are people which are still not that knowledgeable about how this bitcoin make you grow if you try to make this as an asset to your investment.

I don't see bitcoin as a boring investment no matter what or when, because bitcoin is the only digital currency that gives a huge profit compared to other cryptocurrency. We all know that bitcoin is volatile so why are you asking about its increase and decrease in the market, you should know how to make predictions on your own.
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July 05, 2020, 01:38:13 PM
 #31

For those who say investment is boring because it is too long to wait for prices to rise, this word can come out because they cannot hold back what they have done before.
Bitcoin is widely used in several versions including digital currencies which are currently widely used and may even become a legal payment tool in the future, I think there is no investment that is bored because all we have to wait for bitcoin is a little slow what we expect in this year after halving happened.

But that's normal, bitcoin is not for a short-term investment, you need a lot of time for you to earn your profit in bitcoin. Patience is what you need in order to become effective in making bitcoin as your asset. I learned about bitcoin was when I was a student, my interest in making it as an investment is really high that's why I did my best to make it grow. I didn't find bitcoin as a boring investment even in the future, for me bitcoin will still become the best digital currency or asset to invest. Although the movement of price of bitcoin is unpredictable, you are still responsible on how you manipulate it in the market.

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July 05, 2020, 01:53:36 PM
 #32

Allot of people are making investment in Bitcoin, even with the risks involved. Everybody want to own Bitcoin.

I would really like you to show where are so many people investing in bitcoin? I am not seeing much adoption globally, perhaps because the world is facing a major health problem

Many have half or more than half of their portfolio invested in Bitcoin already, This digital currency is becoming  almost common to all, when everyone owns a Bitcoin who then will care about it as it will be as common and a boring investment.

 Huh

gold is something common and since when did anyone complain about it?

Car is something common and since when did anyone complain about it? did any company stop making cars? have people stopped buying cars?

You are not looking at everything correctly. there will always be people who like bitcoin and there will always be people who will buy bitcoin for different purposes

I believe this is a treat in the Bitcoin market value, could this actually bring down the market? Or it is a sign for feature increase in the market? Your thoughts are welcome..

what types of movies are you watching?

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July 05, 2020, 01:53:48 PM
 #33

For those who say investment is boring because it is too long to wait for prices to rise, this word can come out because they cannot hold back what they have done before.
Bitcoin is widely used in several versions including digital currencies which are currently widely used and may even become a legal payment tool in the future, I think there is no investment that is bored because all we have to wait for bitcoin is a little slow what we expect in this year after halving happened.

But that's normal, bitcoin is not for a short-term investment, you need a lot of time for you to earn your profit in bitcoin. Patience is what you need in order to become effective in making bitcoin as your asset. I learned about bitcoin was when I was a student, my interest in making it as an investment is really high that's why I did my best to make it grow. I didn't find bitcoin as a boring investment even in the future, for me bitcoin will still become the best digital currency or asset to invest. Although the movement of price of bitcoin is unpredictable, you are still responsible on how you manipulate it in the market.
I think it depends on what kind of investor or a trader are you, there are people who treat bitcoin as short term investment and there are also lot of people who are see bitcoin as long term investment. It is really not a matter if you are a position or a active trader because the most important thing is you are earning profit from the market.

For those investors who see bitcoin as boring, I think they do not have determination to have successful outcome because they are too lazy to study and understand the price action of the bitcoin.
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July 05, 2020, 02:23:26 PM
 #34

bitcoin is still in its infancy stage making it subjected to volatility thus people sees bitcoin as an alternative investment vehicle where they can store, trade and hold to secure their wealth in the long run

Just be reminded that bitcoin is a multifaceted tool, it is not caged to the concept of investment, it can be political or maybe used as an alternative for payment in exchange for goods and services  Wink

Just at look at the other sides.

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July 05, 2020, 02:42:08 PM
 #35

But how???

Boring investment?

I never see this bitcoin as a boring investment because from the very start, I trust this cryptocurrency with all my assets and money. I still found it very interesting when its volatility strike and the price of bitcoin goes upward. Bitcoin for a long-term investment is effective and necessary for all of us because bitcoin's price is not that constant. You just need to wait for the right time to buy and sell in order to earn profit, and that's never a boring activity for me.

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July 05, 2020, 05:57:30 PM
 #36

Based on what you are making such broad and big statements? "Everyone is investing in Bitcoin" means that you are just feeling like that it happening, right? It's probably because you have surrounded yourself with people who are into Bitcoin and you lost touch with reality of average people who at best only heard about Bitcoin some time ago.

If Bitcoin actually was mainstream, exchanges would be much more tightly regulated and we'd have much higher real volume, without all these fake trades. And Bitcoin would be daily discussed in mainstream economic media. And volatility would be much lower as the result of all of it.
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July 05, 2020, 07:28:43 PM
 #37

Allot of people are making investment in Bitcoin, even with the risks involved. Everybody want to own Bitcoin. Many have half or more than half of their portfolio invested in Bitcoin already, This digital currency is becoming  almost common to all, when everyone owns a Bitcoin who then will care about it as it will be as common and a boring investment.

I believe this is a treat in the Bitcoin market value, could this actually bring down the market? Or it is a sign for feature increase in the market? Your thoughts are welcome..

Boring somehow? I think you don't really invest in bitcoin?

The movement of the market price of bitcoin in the past months? bull run etc. That's not even boring at all. Maybe since the market is sustained in 9k$ at this past month you are already calling it boring.

If the market price pumps again or even at ATH would you still call it boring?

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July 05, 2020, 08:48:00 PM
 #38

If the market price pumps again or even at ATH would you still call it boring?

So, btc needs only the price action to become "un-boring" again?

Don't think so.

What bitcoin needs is more adoption and the price volatility isn't helping.

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July 05, 2020, 10:44:13 PM
 #39

Bitcoin was never developed to be an investment, Satoshi Nakamoto created it to be used as a Currency. As you might know, some people use currencies as investments, like Forex trading and that is a lot more boring than trading in Crypto currencies, because other currencies have a lot less volatility.
It was designed to be a currency yet we are here making it as an investment, not because it is a new form from digital but because of its volatility. However I might disagree with bitcoin to be a boring investment
coz as long as there is speculation towards bitcoin, as long as there are traders, as long as the price keeps moving from day to day it will never be a boring investment. Decentralization is what makes the bitcoin unique and great investment.

People should just use Bitcoin as a currency and see how much better it is to use online with pseudo anonymity. I just donated to a controversial cause and nobody knows who I am. (Other payment options blocked donations to this cause)  Roll Eyes
lol you can just say that to them, " hey, use this instead of cash'' there' s no way you could easily make them jump with bitcoin. One thing is that cash is still more convenient than bitcoin or any cryptocurrency, as you see now there are just a few merchants that accepts crypto payments.

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July 05, 2020, 11:05:15 PM
 #40

Bitcoin are never been boring because most of the people use this coin to make more investment and get a lot of market income if you do not appreciate the market volatile of this coin and becomes stable you can now freely stop using this if it won't give you any market profit still this is not a loss to the market because there are some people make a huge investment.

Also today the bitcoin is one of the good things to make the investment because we all know that we are facing a huge problem about the pandemic outbreak and the economy fall down and also the same with the currency of the different country especially the USD it has a vast change on it so the people to make more income instead holding their fiat they out on the bitcoin as the safe haven.

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