My view on Bitcoin

[ChrisPop]

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.

I really don't believe people will refer to Bitcoin as an actual currency until its value become more or less stable. We made a habit to call assets anything that appreciates in value.

But this perception might change. After all Venezuelan bolivars are still called a currency even though it's price is suffering from huge inflation...

[carlisle1]

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.

The lowest price Bitcoin ever had since 2017,that is the dump happens last march,but market recovers so fast and now we are in $16,000 level.

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.

Nope Bitcoin never reach another ATH yet ,we have just took the 16k value in which 4000$ short from the $20,000 of 2017.

[Traderbtcc]

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

Perhaps you need to visit https://bitcoin.org/en/faq first then read about Bitcoin's characteristics before you go any further?

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.

Honestly, this is actually one of the most under rated fact in the crypto sphere today, everyone seems to be carried away by the investment and profit returns part of bitcoin, slowly they haven't forgotten what bitcoin was actually made for and how it helped to eliminate the middle man in businesses, these days everyone talks about the investment part more than they discuss about the "blockchain technology" or decentralization" , they all say the same thing, "bitcoin is an investment tool", I just hope this will be corrected sooner or later, the future won't be good for bitcoin, if it's only seen as nothing more than an investment tool alone. Change how you see Bitcoin

[AniviaBtc]

There's a lot of opportunity on bitcoin that can change your life and is worth it to engage.

I know that most of us doubted bitcoin at first due to its unique features compared to fiat currency. Look at bitcoin right now compared to its price before when bitcoin community is not popular.

Bitcoin's price is really unpredictable due to its volatility but I think bitcoin is really profitable once you handled and managed it properly.

[kryptqnick]

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

Perhaps you need to visit https://bitcoin.org/en/faq first then read about Bitcoin's characteristics before you go any further?

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 also expect new tools or platforms to make sending or receiving bitcoin more convenient to the public but I hope that doesn't make them ignorant of how it basically works.

I don't think of Bitcoin as an asset to hold and profit from. I really want it to be the money I could use just like fiat, but without a bank account. Unfortunately, the only way I use Bitcoin is that I sell it in small portions for fiat and then use the fiat to buy stuff. I'd love to use Bitcoin directly, but there is a very limited number of places where I can do it. Moreover, these are usually places that sell things I don't need, and I don't want to buy things with Bitcoin just because I can (I want the things to be what I need). So I don't blame those who see Bitcoin is something to get profit from.

[Casdinyard]

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

Perhaps you need to visit https://bitcoin.org/en/faq first then read about Bitcoin's characteristics before you go any further?

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 also expect new tools or platforms to make sending or receiving bitcoin more convenient to the public but I hope that doesn't make them ignorant of how it basically works.

I don't think of Bitcoin as an asset to hold and profit from. I really want it to be the money I could use just like fiat, but without a bank account. Unfortunately, the only way I use Bitcoin is that I sell it in small portions for fiat and then use the fiat to buy stuff. I'd love to use Bitcoin directly, but there is a very limited number of places where I can do it. Moreover, these are usually places that sell things I don't need, and I don't want to buy things with Bitcoin just because I can (I want the things to be what I need). So I don't blame those who see Bitcoin is something to get profit from.

That's no surprise to know more people are into Bitcoin and crypto investments than those aiming to just promote convenience with regards to transactions. There is a limitation with regards to the transactions for the users and even in areas wherein there is freedom from using cryptos as mode of payment. People will still aim for profit as what you've mentioned. Transactions are indeed fast but to what extent will it be more beneficial to the users knowing how huge their profit are getting from doing so. What's more likely happening is that people are more concerned with profit than convenience which is just showing practicality. As different individuals we are able to see something thru different perspectives, which reflects to its subjective importance to the users.

[abel1337]

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

Perhaps you need to visit https://bitcoin.org/en/faq first then read about Bitcoin's characteristics before you go any further?

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 also expect new tools or platforms to make sending or receiving bitcoin more convenient to the public but I hope that doesn't make them ignorant of how it basically works.

I don't think of Bitcoin as an asset to hold and profit from. I really want it to be the money I could use just like fiat, but without a bank account. Unfortunately, the only way I use Bitcoin is that I sell it in small portions for fiat and then use the fiat to buy stuff. I'd love to use Bitcoin directly, but there is a very limited number of places where I can do it. Moreover, these are usually places that sell things I don't need, and I don't want to buy things with Bitcoin just because I can (I want the things to be what I need). So I don't blame those who see Bitcoin is something to get profit from.

That's no surprise to know more people are into Bitcoin and crypto investments than those aiming to just promote convenience with regards to transactions. There is a limitation with regards to the transactions for the users and even in areas wherein there is freedom from using cryptos as mode of payment. People will still aim for profit as what you've mentioned. Transactions are indeed fast but to what extent will it be more beneficial to the users knowing how huge their profit are getting from doing so. What's more likely happening is that people are more concerned with profit than convenience which is just showing practicality. As different individuals we are able to see something thru different perspectives, which reflects to its subjective importance to the users.

That is the reality, I'm pretty sure that there is just only a small population of bitcoin users that used bitcoin for its convenience like having an anonymous transaction. There are people like me that tried bitcoin for profit but in the end, fall in love with its key aspects such as a decentralized transaction. We do have different views on bitcoin when we start, when we are getting hold of it and when the time that we are fully using it. I believed that our perspective on bitcoin change over time as we use it because it is what I experienced. It was a bonus that over time merchants are started accepting bitcoin and it is better for us, the community, and the ecosystem of blockchain.

[Fesatmas]

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.

and finally your friend's statement is proven. Bitcoin is king in the digital world. so be lucky if at that time you follow the advice of your friends to invest. try to pay attention to the appeal of bitcoin in the spotlight of the world. Until the end of 2020 many great predictions about bitcoin are hitting ATH again.

[Asuspawer09]

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

Most people are gonna be afraid to try bitcoin at first since it was digital and most of the things on digital are scams. When bitcoin was just getting started people are just used to fiat money and online transactions are vulnerable to scams etc.

But I guess a lot of people realize the potential of investing in bitcoin, still, most of the people are gonna avoid it because we're just not used to it, and also it is not introduced by the government and not regulated so we can't really blame them if they are not trusting bitcoin. Hopefully, cryptocurrency will be the future of currency around the world since new technology could always be made.

[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.

The lowest price Bitcoin ever had since 2017,that is the dump happens last march,but market recovers so fast and now we are in $16,000 level.

But we have to wait for the high price for almost 3 years and make many people suffer from the loss. Gladly, the market this year can recovers, although we have another lowest bitcoin price that happens in the early of this year. But from that moment, the bitcoin price increases, and now the price can touch $16k.

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.

Nope Bitcoin never reach another ATH yet ,we have just took the 16k value in which 4000$ short from the $20,000 of 2017.

I think that is still a new ATH for temporary because after what we got since 2017, the bitcoin price did not reach $16k, but it can reach this year. But yes, we do not yet reach the new highest price for bitcoin, but we will later see the new ATH. We need to wait for more and have more patience.

[peter0425]

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.

They did not took advantage instead they risk their money waiting for long years before finally take their fruits,i think you don't understand what you are saying here.

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.

We cab freely do such right?and besides this is our money that will be at risk.

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

We are looking towards a new type of currencies that will change the views of everybody about how good is this.

[catur123]

Indeed, many people are successful by investing in bitcoin, but not a few who are unlucky in bitcoin and leave bitcoin.
So my advice, as a layman, maybe you should deepen your knowledge about bitcoin

[proTECH77]

Many people still see bitcoin as a hard currency,that is very hard to invest for someone to make a good profit. Bitcoin is very easy to invest if you can follow the rules and regulations guiding the business, and you will find it very easy to achieve your goal in the business. During the pandemic many currencies devalue which bitcoin was still maintaining the position of increasing in the market that was making some investors calling bitcoin the best currency among other currencies in the world, because of the rising, that make other cryptocurrencies reducing in the market.
Bitcoin is still rising despite the year is approaching that is causing other cryptocurrencies to reduce in the market and also make their investors worry about their coins if they should sell or wait till next year 2021 before they can sell because some cryptocurrencies will improve next year according to research.

[Kez1817]

Bitcoin is not just a crypto asset and investment but also a payments method which can be use easily as long as there is an internet connection. Bitcoin is more developed now with a more than 10 years of existence.

[Maestro75]

Reason why a lot of very early adopters sold at a loss, buying back during FOMO and selling at a loss again, so while it made a lot of people rich, it rekt some others.

This amused me big and I had a big smile reading through your comment on how lots of early adopters got themselves messed up by buying and selling at wrong times. This is the same situation a lot of people find themselves in today. Well, my view on Bitcoin is that it is a tradable non tangible asset. I see Bitcoin as fixed asset that I can buy and allow to appreciate in value and then sell it for  profit. I know many think Bitcoin is money.

[jademaxsuy]

Well, mostly we viewed bitcoin as a way to get out of the fiat currency inflation rate especially now that the fiats value are depreciated. So, in order to get uphold the value or worth of the money to be reserve over a period of time then using bitcoin as a reserve money or asset is ideal just like gold. However, if I am to chose between gold and bitcoin then I prefer bitcoin of course. There is the risk but for me it is manageable and could only be done by juat holding especially in down trend of bitcoin market and sell when bitcoin market is good. Buy low and sell high.

[Yatsan]

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

We all do commit and have regrets from the past upon ignoring existent things that we foresee to have no potential because of its low starting value and did not expect to grow up this big as of the moment. We have different perspective and ways on how we assess many things and see an object on different sides. People seeking for opportunity will surely engage into something that can potentially or even not potentially give them benefits which is taking up risks to seek for answers on curiousity they have in mind. People that got engaged into Bitcoin at its first years are the tough ones specially for those who hold for it despite of many circumstances that Bitcoin have faced on the past years of its existence. People still do have different stand with regards to Bitcoin which makes them consider or still not upon doing engagement or earning Bitcoin for their own sake. Maybe they are still finding their will to do such engagement which we do hope it will be soon enough to make happen.

[roserich88]

Most importantly, blockchains are secure because they use cutting-edge encryption methodologies leveraging public and private keys.  Blockchain technology has showcased unprecedented prowess in enabling super-fast, super-secure, anonymous, and wholly transparent validation of transactions. In this article, http://techgenix.com/industrial-impact-blockchain/ you can find many uses of blockchain across different industries. I think that the best, though, is yet to come.

[skpanchal]

My views on bitcoin on mainly focus on payment freedom - It is possible to send and receive bitcoins anywhere in the world at any time. No bank holidays. No borders. No bureaucracy. Bitcoin allows its users to be in full control of their money.

[Albetrage]

bitcoin is a pace setter