palle11
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September 04, 2020, 02:45:20 PM |
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One thing I can't agree with you about is that Bitcoin gives the equal opportunities to everyone.
I believe that if we consider op statement from the angle of investment opportunity and what can come as profit or even lose is the same thing for every investor who invested same amount whether rich or poor. Blockchain does not know a rich person's investment or poor person, and neither the exchange know. So that is the area I think that it gives every investor the same amount in your wallet.
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NVZNtoken
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September 04, 2020, 02:56:32 PM |
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It's hard to declare any possible investment a "guarantee", since aside from all the things that are predictable there are situations and events that people don't predict. Bitcoin is an investment based on solid fundamentals but a certain degree of risk in every investment, which is way investors always look to diversify their assets.
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AjithBtc
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September 04, 2020, 02:57:06 PM |
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Bitcoin keeps growing with time, and there is better understanding about bitcoin compared to the past. This means people who termed bitcoin as a scam has now understood the real value of bitcoin and has started to invest more and more.
The world is moving on technology, and people have started to be a part of it. This means digital investment have increased a lot, and it is true that bitcoin is serving as a guaranteed investment in the uncertain World.
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kryptqnick
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September 04, 2020, 03:12:41 PM |
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I have this deep convincing believe that Bitcoin will change the future world of money for the better by giving everyone the same opportunities.
Tell those who speak about the use of Bitcoin ending soon should come to realize the fact that the rules that govern Bitcoin’s monetary policy are written in its source code and that is a phenomenal guarantee for all its users., today and in the future.
When you buy Bitcoin in 2020, you already know what to expect. You know that you will still own some Bitcoin out of every 21 million existing in 2050. If you didn't sell off for fiat. This is not same for paper money.
It is often said that Bitcoin is a hedge against uncertainty. And that's it.
Bitcoin might revolutionize money worldwide, but it might not. The fact that Bitcoin holds no secrets and its supply cannot be manipulated does not guarantee its bright future. I see your point, and there is some certainty to it, but maybe that's not what the majority wants. This certainty is bound to Bitcoin itself, but we look at BTC price usually referring to what it costs in fiat money. And its price in fiat is nothing predictable or certain. And what people respect is usually the authority telling them that it's under control (and, to be fair, fiat often is), not that the code is there for them and there are some very certain things like how many bitcoins will there be at a certain point in time, but how much they'll be worth is unknown. To be fair, it's not just that Bitcoin is considered in relation to fiat. It's its purchasing power which is a defining aspect of money, and there are no guarantees regarding this purchasing power.
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coolcoinz
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September 04, 2020, 03:29:50 PM |
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I'd call it a safe asset for diversification, simply because it's so different from all the rest. If you already have some real estate, some cash, some foreign currency, it's great to have some Bitcoin as well. I wouldn't recommend a person who doesn't have anything and just got their first job to put all savings in Bitcoin. It's like gambling with your life and your future, but if you have a lot of money, it would be a missed opportunity not to have at least 10% in Bitcoin.
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Ucy
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September 04, 2020, 03:43:49 PM |
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It is often said that Bitcoin is a hedge against uncertainty. And that's it.
As compare to gold? Bitcoin hasn't been tested as a good hedge against uncertainty though. Hedge mean that an asset that can't easily affected or influence by the market. And we know that bitcoin is very unstable and be definition can't be a 'true hedge'. As compare to let's say gold, it's been tested, specially in ww2. On contrary, Bitcoin have been tested as hedge against uncertainty several times when the government wants to ban it and the strength it posed during the pandemic which was what also captivate people like Kiyosaki. And btw, bitcoin is predictable? it became a speculative asset and obviously, it is not predictable. Have you seen the crash in the last 24-48 hours? totally unexpected.
Every investment has its own risk involve even Gold and if you're investors that follow the whale's movement you'll notice that there some dump going on. I guess their minds are more fixed on the volatility (which can easily be fixed if the community want to) rather than the technology or the Bitcoin network/system. The decentralization and other important features it offers is awesome. The price hardly interest me.,though I hope it becomes better eventually.
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Debonaire217
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September 04, 2020, 03:48:53 PM |
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I guess their minds are more fixed on the volatility (which can easily be fixed if the community want to) rather than the technology or the Bitcoin network/system. The decentralization and other important features it offers is awesome. The price hardly interest me.,though I hope it becomes better eventually.
But in some point, there are also people that wants to make bitcoin the top of the cryptocurrency by simple using it for daily transactions and small transactions, sadly, bitcoin didn't suffice the need of people for that because it still lacks characteristics such as low transaction fee and fast transaction confirmation. This leads to most of the people to accept that bitcoin is good for investment or some called "safe haven" for their assets which is for me, partly true as that is the same thing I think about bitcoin.
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kawetsriyanto
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September 04, 2020, 03:55:56 PM |
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Bitcoin is predictably a guarantee in an uncertain world Who wants to guarantee? Market? Technology? It is right that BTC is a promising currency for the future. We also believe that BTC and the crypto world are accepted by many more countries, supported by many more governments, and also accepted by many more transactions. But once more, who can guarantee that BTC will be like this moreover in the future/? I believe in a brighter future, but I can't say it as a guarantee, moreover if I tell it to someone else. because if I tell so, it will be a big problem if it doesn't really and happen
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k@suy
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September 04, 2020, 04:23:16 PM |
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Bitcoin is predictably a guarantee in an uncertain world Who wants to guarantee? Market? Technology? It is right that BTC is a promising currency for the future. We also believe that BTC and the crypto world are accepted by many more countries, supported by many more governments, and also accepted by many more transactions. But once more, who can guarantee that BTC will be like this moreover in the future/? I believe in a brighter future, but I can't say it as a guarantee, moreover if I tell it to someone else. because if I tell so, it will be a big problem if it doesn't really and happen Nobody can predict because it has 50/50 chance that bitcoin will be future's mode of payment or it will be a used as a money that can fully replace the fiat or it will be forgotten because it can't replace fiat. There are a lot of circumstances that will more likely occur in the future and what we can do is to make our own move if we want this goal to be successful.
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Melloiga
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September 04, 2020, 04:38:54 PM |
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I'd call it a safe asset for diversification, simply because it's so different from all the rest. If you already have some real estate, some cash, some foreign currency, it's great to have some Bitcoin as well. I wouldn't recommend a person who doesn't have anything and just got their first job to put all savings in Bitcoin. It's like gambling with your life and your future, but if you have a lot of money, it would be a missed opportunity not to have at least 10% in Bitcoin.
This!!! Couldn't have said it better myself. If you have money and you want to invest. Invest in things which gives you certain insurance. Like Land, Saving accounts, even though interest is bad right now, invest in gold maybe, some mutual funds even and with all that, invest a little in BTC as well and see how things turn out.
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dothebeats
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September 04, 2020, 08:40:55 PM |
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I’d just leave a couple thousand $ worth of bitcoin today and just see where I end up in the next couple of years. I genuinely believe in the tech and the idea that it comes with, though I’m still uncertain about the possibility of people and governments leaving the fiat currency system and adopting a currency similar to bitcoin. It certainly is headed for lots of price appreciation though, and a lot of people are banking on that including me.
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dunfida
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September 04, 2020, 08:56:03 PM |
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I have this deep convincing believe that Bitcoin will change the future world of money for the better by giving everyone the same opportunities.
Tell those who speak about the use of Bitcoin ending soon should come to realize the fact that the rules that govern Bitcoin’s monetary policy are written in its source code and that is a phenomenal guarantee for all its users., today and in the future.
When you buy Bitcoin in 2020, you already know what to expect. You know that you will still own some Bitcoin out of every 21 million existing in 2050. If you didn't sell off for fiat. This is not same for paper money.
It is often said that Bitcoin is a hedge against uncertainty. And that's it.
Being too optimistic isnt bad but dont let your hopes up that much or expectations to be on full extent yet no man on this world would able to know on what future lies ahead. We might see bitcoin do really well but you cant be sure on what would happen on next years to come. Are you sure that it cant be replaced by other coins in the market or something better? Im not on the negative side but you cant really avoid those possibilities that could happen along the way. Guarantee? theres no such thing yet everything will really matter on community support, adoption or recognition.
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hatshepsut93
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September 04, 2020, 09:00:27 PM |
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When you buy Bitcoin in 2020, you already know what to expect. You know that you will still own some Bitcoin out of every 21 million existing in 2050. If you didn't sell off for fiat. This is not same for paper money.
This is true, but this doesn't guarantees anything practical. There's no guarantee that Bitcoin will have current or higher value in 2050. There's no guarantee that it won't be abandoned for some reason, like having a better competitor or general disappointment in cryptocurrency. If you don't like fiat money because you're afraid it will lose value in the future, than Bitcoin isn't the first answer you should think about, because it can lose value just as easily. Yes, Bitcoin is scarce, but scarcity is useless if demand is low. This is a high risk high reward investment, which is the opposite of a hedge against uncertainty, which is supposed to be low risk low reward.
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Assface16678
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September 04, 2020, 09:16:32 PM |
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Still, there is a lot of cons why the people and the government would not like the use of the bitcoin some of these are
Bitcoin is decentralized they cannot manipulate the transacfions Bitcoin is connected to the blockchain Bitcoin is volatile Bitcoin does not support by many people yet.
Those are the common things about bitcoin why they can't adopt the use of this coin but look forward to the use of the cashless transactions all of the funds can transfer easier and also because of this pandemic, I think this is very useful to avoid spreading the virus immediately.
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Shasha80
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September 04, 2020, 10:23:15 PM |
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I don't agree Bitcoin can be predicted in an uncertain world, because Bitcoin is very volatile which makes Bitcoin an asset which is risky and difficult to predict. In fact, there is no guarantee that we hold Bitcoin until 2050 Bitcoin will remain.After all Bitcoin doesn't give everyone the same opportunity, only people who have money can buy Bitcoin.Even the price of Bitcoin, which continues to rise, becomes difficult for the poor to reach.
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verita1
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September 05, 2020, 03:31:28 AM |
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Bitcoin is suitable for short, medium and long term users. If we take a look at the life of a trader this appreciation is fulfilled. In the midst of the pandemic, Bitcoin showed that it could rise and continue to recover its price in the market with a good forecast. So it is a guarantee in the uncertain future.
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NavI_027
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September 05, 2020, 03:57:47 AM |
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Bitcoin is suitable for short, medium and long term users. If we take a look at the life of a trader this appreciation is fulfilled. In the midst of the pandemic, Bitcoin showed that it could rise and continue to recover its price in the market with a good forecast. So it is a guarantee in the uncertain future.
It's because crypto sphere cannot correlate directly to the happenings in the world economy. That's why you may noticed that btc keep on soaring despite of the declining economy of nations. They are different fields after all ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) . Anyway, with regards to the second one, for me I'm still not 100% that bitcoin can guarantee your future. Look, it's price is as volatile as hell and you can't assure that it can maintain its stability when the next crisis comes. Take tome to consider the slow adoption and oppositions of it. Don't get me wrong, I love bitcoin but always mind that don't be so complacent because anything could happen
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shoreno
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September 05, 2020, 05:38:49 AM |
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but unfortunately, not everyone has the same opportunity. where there will only be people who have the ability to buy it and people who want to understand the risks of the cryptocurrency world. And bitcoin guarantor is ourselves and all the community. when the community disappears, it could be the end of the bitcoin journey.
exactly . this also what im about to say , how can the op say that btc is fairly distributed to everyone when so many people are against to it ? it will only be an oppurtunity for those who are willing to accept it . you cant say all community but you should only say the btc and crypto community because they are those that who gave importance . not just price but the technology that underlie on btc are the one that make btc stay alive
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Golftech
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September 05, 2020, 06:10:29 AM |
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but unfortunately, not everyone has the same opportunity. where there will only be people who have the ability to buy it and people who want to understand the risks of the cryptocurrency world. And bitcoin guarantor is ourselves and all the community. when the community disappears, it could be the end of the bitcoin journey.
exactly . this also what im about to say , how can the op say that btc is fairly distributed to everyone when so many people are against to it ? it will only be an oppurtunity for those who are willing to accept it . you cant say all community but you should only say the btc and crypto community because they are those that who gave importance . not just price but the technology that underlie on btc are the one that make btc stay alive Fairly is far from truth in crypto,because first we have our own demand and holdings,and yeah There are many people and even countries that against this so what is the word fair? Maybe OP is not that a Believer or has small knowledge of what is Bitcoin all about. Bitcoin is suitable for short, medium and long term users. If we take a look at the life of a trader this appreciation is fulfilled. In the midst of the pandemic, Bitcoin showed that it could rise and continue to recover its price in the market with a good forecast. So it is a guarantee in the uncertain future.
Lol nothing is certain in crypto but in Bitcoin we have at least wide or Big chances of Keeping safe and profiting ,Though it can take some time yet worth waiting,it has been proven and legit.
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Hypnosis00
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September 05, 2020, 11:48:17 AM |
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When you buy Bitcoin in 2020, you already know what to expect.
I may not expect that it will double quickly and make money from it or even fully adopted. We know already that Bitcoin won't warrant anything, nor to think that every year the price keeps moving higher. The market will remain an unpredictable, volatile, high risk, and anything we can negatively describe it but above all these things, we are making yourself easier than before. We can't just say that Bitcoin is the future currency because, in reality, not all of us are capable of having this and to use this.
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