My view on Bitcoin

[nebuch]

Humans are not contented of what they have developed from simplicity to complex. The history of transactions started from exchanges of goods until the time money was created.
Because of incontentment, human being started to navigate and develop more advance tools then became a technology where electron, proton, neutron are all in. 'Til these days from failure development of airplane, cars, radio, television, and computer. Human being continueslly searching and developing more advance technology such as cryptocurrency in the way of blockchain. The digital era where the world is slowly getting to know the potential and promising cryptocurrencies where bitcoin is the main thing. Not impossible that in the future we will find the world attach with cashless society.

[Serious475]

Since the introduction of cryprocurrencies such as bitcoin in our present world, a whole lot who took advantage of it has made tremendous profits from investing and acquiring it. Bitcoin with its global value currently has become an investment tool for many across the globe. It is also a means of storing wealth with the strong hope of heavy returns in the future. I keep wondering what bitcoin would rise to  in the nearest future. In past decades when it was newly introduced it all sounded like a joke, many made mockery of it in which I was one of such persons. But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today

when I started to know about bitcoin, I see it as a scam and just a waste of money so I set it aside. After a year, it proves me that I can earn with it so I managed to invest on it but end up losing a lot so I stopped it again. I said to myself that I am not going to invest on bitcoin again because I am really disappointed. Someone managed to reintroduce to me the bitcoin so I managed to listen and he gives me a lot of knowledge and when I re started bitcoin, I successfully  earned and that i the time i realized that knowledge is a big thing for bitcoin.

[Yamust]

My view on bitcoin is like what other people here said about bitcoin. They treat it as investment since they can earn profit from it the future, which we all know is right. We also know that bitcoin is a currency that can be used to buy something although, not like the other currencies that can use in all stores. But in the near future I believe that bitcoin will become the international currency in the world.

[Fesatmas]

It is sad that people nowadays only associate bitcoin with "investment asset", "store of value", and "profit". There is not even a word about "blockchain", "decentralization", or "censorship resistance". Is this where the future of bitcoin is heading to? I hope not.

i dare say this is one of the bigger problems that bitcoin is suffering from. more and more people are forgetting that bitcoin is a currency and are focusing too much on the "fiat profit" they can make from it. of course more of the damage is to themselves since this mentality of thinking about bitcoin as a cash cow only leads to their panic sells when price has a small drop or some weird fluctuations.

the only positive thing is that i believe people with this kind of mentality are not the majority.

regarding what makes the thread, in my opinion it's okay, maybe lack of knowledge and minimal experience. Of course it doesn't have a point of view just for profit. it's just that he has a lot of points to learn ... because a person's point of view and understanding of bitcoin is different. but despite all that I hope this is a natural thing, even though the appearance is not as we understand it. In the future he will realize many things, it's just that patience is needed to fully understand the nature of Bitcoin use and function

[ChrisPop]

It is sad that people nowadays only associate bitcoin with "investment asset", "store of value", and "profit". There is not even a word about "blockchain", "decentralization", or "censorship resistance". Is this where the future of bitcoin is heading to? I hope not.

Unfortunately that's the truth and I believe bitcoin will be regarded as an investment asset more than anything else until the price swings stabilize. A person does not have many reasons to use BTC for mundane spending when he believes in the future of Bitcoin. He will spend his cash and keep the Bitcoin.

I think financial services platforms who offer people the ability to pay with US Dollars collateralized by their crypto assets will have a tremendous market growth exactly for the reason I exposed above. It is logical for people to desire the unlock of their value held in Bitcoin while still benefitting from price appreciation.

[TheUltraElite]

Since the introduction of cryprocurrencies such as bitcoin in our present world, a whole lot who took advantage of it has made tremendous profits from investing and acquiring it.

Dude, at least spell the big names properly before posting the thread.
Anyway, there is also a whole lot of people who lost money too. You are seeing the survivor-ship bias here. Both groups may not have not known well what they were doing and so its out of topic to say that one group was advantageous of the other.

Bitcoin with its global value currently has become an investment tool for many across the globe.

Considering the metrics of the investments in the world, nah. It is still a niche group. Of course bigger investment capital groups dont come under it, so you could be right too.

It is also a means of storing wealth with the strong hope of heavy returns in the future.

Wrong mentality though. Bitcoin was never meant to be an investment method, it become one, it was supposed to be a currency. Whether it gives big returns or big losses is secondary to its ideals.

I keep wondering what bitcoin would rise to  in the nearest future. In past decades when it was newly introduced it all sounded like a joke, many made mockery of it in which I was one of such persons. But today we all fold our hands in regrets wishing we took hold of the opportunity when it wasn't make much impact as its doing in our present society today. If you haven't considered owning a bitcoin give it a thought today

In this forum you might find people who would agree with you, but the world outside is not like that. Many people out there have heard of bitcoin and dont really care, even after seeing its price pump. Majority of people who investment are worried about legal problems and dont want to run into troubles in the late years of life. Be practical you will also understand the sentiment from their point of view.

[7788bitcoin]

It is sad that people nowadays only associate bitcoin with "investment asset", "store of value", and "profit". There is not even a word about "blockchain", "decentralization", or "censorship resistance". Is this where the future of bitcoin is heading to? I hope not.

It is not a huge surprise that many are talking about profit and investment asset and a store of value, the first rally in bitcoin has opened this path and majority who joined the bitcoin market during that time wanted to take advantage of the early stages and accumulate as much coins as you want and if you look those in totality everyone contributes to the adoption and the problem happens when everyone forgets the core of bitcoin which is decentralization and censorship resistance.

It will take time and instances for people to understand the real meaning behind that, protesters from Honk Kong were using bitcoin to overcome the government restrictions and freezing of funds and recently people from Nigeria were using bitcoin when similar situations arised.

[abderrazak belkhir]

I believe that in the curent world situation the crypto is one of the best sectors that can lead you to huge profits but not anyone can do this
You must be wise and patient and of course you must know how you avoide scammers

[voron7477]

Many people consider Bitcoin as an investment or a store of wealth. I'm wondering why they forget the purpose of launching Bitcoin.

[Cnut237]

It is sad that people nowadays only associate bitcoin with "investment asset", "store of value", and "profit". There is not even a word about "blockchain", "decentralization", or "censorship resistance". Is this where the future of bitcoin is heading to? I hope not.

The price increase in fiat terms does help to drive adoption, though. As we head into a new era of economic crisis and massive government bailouts, the importance of bitcoin as a decentralised currency is highlighted once again. I'd argue that the FOMO-fuelled price increases help to differentiate, when we say "bitcoin solves this", between a scenario where people sit up and pay attention, and a scenario where they say "what's bitcoin?". That can only be good for the long term.

[verita1]

Now that Bitcoin will be visible to more people around the world, it would be convenient for developers to build user-friendly applications.
Because Bitcoin can reach mass adoption if dapps are created in a low latency, fast and efficient network. In my opinion, Bitcoin can reach any public with the main objective of transferring money and contributing to the global economy.

[Air--Miner]

My view of bitcoin is that I think bitcoin will go up from year to year and now the price of BTC in 2020 is 1 btc worth 223 million and hopefully in the coming year it will continue to soar.

[The Cryptovator]

Many people consider Bitcoin as an investment or a store of wealth. I'm wondering why they forget the purpose of launching Bitcoin.

It's because peoples showing interest where they have profits. We are always getting advantage of bitcoin volatility and that's why we are too interested invest in Bitcoin. You are wondering peoples forgot about the goal of bitcoin, but I am wondering peoples even do not bother to use proper bitcoin wallets. We can't ignore the truth, we always like to see bitcoin on the uptrend. Very rarely we describe our honest view of bitcoin.

In my view, bitcoin is a currency where I would be my own bank. I can control my fund and spend it accordingly. Hold bitcoin for the future but not for a lifetime.

[Mr.sprin]

people have known bitcoin is one of the expensive coins and one of the digital gold in the future, bitcoin is getting more and more famous in the real world, the more people want to hold it and save it for future investment.

[TheUltraElite]

I believe that in the curent world situation the crypto is one of the best sectors that can lead you to huge profits but not anyone can do this
You must be wise and patient and of course you must know how you avoide scammers

I think you are referring to a long term approach in which case bitcoin is good as long as no huge problem arises in this world that takes down bitcoin with it. For the short term though the stock markets know their deal. Pharma and FMCG is what is making the profit these days if you had some holdings in those stocks already.

But I dont agree that anyone can make profits. I have seen foolish people put their money into other altcoins in the meantime arguing that they think it is going to go up - it is not, thats a ground rule when comparing with bitcoin.

Also avoiding scammers needs practice and experience. Newbies are at highest risk but I have seen veterans get scammed too, so no comments there.

[kentrolla]

The price of Bitcoin can unpredictably increase or decrease over a short period of time due to it's high volatility and liquidity, keeping your savings with BTC is not recommended at this point of time.

BTC is purely a speculative asset it's value and extreme volatility make people to give more priority for investment and that's how its growing and booming.   

[DapanasFruit]

Bitcoin is right now considered and accepted as an investment vehicle (just like buying a land or a house and lot or maybe owning some metals like gold or silver). And because of that, it can also be a store of value meaning we are expecting it to rise in the future and those who are holding it can be benefitted a lot financially speaking. In the original vision of Satoshi, Bitcoin should primarily be a medium of exchange just like the fiat cash but we know that due to many factors including its strong volatility this one big area where Bitcoin is still have a lot of catching up to do.

[michellee]

You already saw what was happened to bitcoin this year. We saw bitcoin price at $6,000 level in the early year, and even bitcoin price touches the lowest price in March this year. But after the price down, the price starts to rise high price. If you check on the bitcoin price movement, the trend still increases, although the correction will always come at the market.

Now, bitcoin price already makes the new ATH, which can increase higher at the end of this year or next year. That makes people want to buy bitcoin, and they will try to buy more and more before the price increase to the high price. They want to make sure that they will make a big profit in the next bull run.

[Janation]

From a currency to an asset.

In the past, my friend told me about Bitcoin and he said it as a cryptocurrency when I ask him and not an asset. He always says that in the future people will be using Bitcoin to pay their bills and buy things online and offline. Right now, it is more of an online asset that you need to hold and save for a period of time to generate a profit.

[mich]

bitcoin will look beautiful and make people want to have it when the price goes up continuously but when the price goes down continuously everyone is competing to want to sell it and said that bitcoin is a scam. time can never return

I think when the price goes down that people will look for more ways to get Bitcoin by working for it or by buying it,  Just because the price of Bitcoin goes down does not mean people think it is a scam.