Bitcoin: The smartest investment choice.

[Fara Chan]

I fully agree with your thorough analysis regarding Bitcoin as a smart investment choice. Criticisms, like those expressed by Charlie Munger, often seem to be the product of limited understanding or a reluctance to embrace innovation and change in the financial field.

No need to worry about people who don't want or are still very reluctant to accept innovations and changes in the financial field such as Bitcoin. Because people like that will eventually realize that Bitcoin is worthy of being called a smart investment choice for everyone who can continue to invest forever in the future.

So those of us who already believe in Bitcoin as a smart investment don't need to worry about other people who are still reluctant to believe in Bitcoin because it won't harm us as Bitcoin users either. Maybe they themselves will suffer losses because they don't know how to take advantage of Bitcoin during their lifetime because such people usually always believe more in ancient things so they always judge every innovation and change in any field wrongly.

[TimeTeller]

I fully agree with your thorough analysis regarding Bitcoin as a smart investment choice. Criticisms, like those expressed by Charlie Munger, often seem to be the product of limited understanding or a reluctance to embrace innovation and change in the financial field.

No need to worry about people who don't want or are still very reluctant to accept innovations and changes in the financial field such as Bitcoin. Because people like that will eventually realize that Bitcoin is worthy of being called a smart investment choice for everyone who can continue to invest forever in the future.

So those of us who already believe in Bitcoin as a smart investment don't need to worry about other people who are still reluctant to believe in Bitcoin because it won't harm us as Bitcoin users either. Maybe they themselves will suffer losses because they don't know how to take advantage of Bitcoin during their lifetime because such people usually always believe more in ancient things so they always judge every innovation and change in any field wrongly.

We can't generalize this sentiment for all people as a lot are still not sold in this market.
It may be the smartest choice for those who are already into this market but for those who are not yet here, they have other choices that they prefer the most.

[johnsaributua]

  Warrent buffet has a business octopus and is recognized for his wealth, but if he is allergic to bitcoin because his life is safe it is only to increase popularity, I am talking about the reputation that he and his list of other rich people will be trending on social media with the fud, the business angle that I see that with his personal he will increase the business he is doing indirectly, sometimes so.

  From another thing there are some people who are new to this thanks to this fud from an important person, it will be more curious about bitcoin, of course, looking for more information, especially the lower middle class, various situations people can be interested in bitcoin even if it is only limited to finding information and collecting to start.

  Bitcoin is an alternative and like complementing investment, complementary only for people who follow the times, see its potential, even like Michael Saylor and Ellon Musk, unconventional billionaires and not crypto exchange owners are able to prove and enthusiasm for bitcoin, I'm sure whoever the person is will make an open mind if they read bitcoin white papers, history and how user confidence from year to year, even though whatever nominal can be set aside to buy.

[bettercrypto]

I don't pay attention to people like Charlie Munger because they overlook the fact that cryptocurrencies like Bitcoin represent a new form of financial freedom. Many people, including myself, can vouch for this. Before I learned about Bitcoin, I viewed it as a risky investment where I might lose money. But as I learned more and saw what Bitcoin could achieve, my perspective changed. Bitcoin has exceeded my expectations. So, it's best to ignore statements like these on social media from such individuals. Who knows, they might have invested in Bitcoin secretly due to its decentralized nature. And speak I'll of it on the net to gather fans or sort.

I don't care about that Munger either; whatever he believes, be it; that's his belief. Now what we believe, there's nothing any of us can do about it. It's just that the most important thing is that we believe in the belief we have in Bitcoin.

To me, many people say that Bitcoin is not good, that it is a scam, and that I am just wasting my time here. But why should I believe what others say when I personally witness the good things that Bitcoin and cryptocurrency are doing in my life? I have experienced and seen it, so I have no one to believe but myself, who is experiencing the good it brings to my life.

[knowngunman]

I think the major reason people will continue to criticize bitcoin will be the price, the price is not stable, that's why most bitcoin investors say bitcoin investment is very risky but I don't see anything risky in bitcoin investment. Why?
An investor is not suppose to make use of his investment money until it gets to his target time, sometimes people investing in bitcoin are still the people who share the wrong information outside because how will a total stranger who knows nothing about bitcoin start speaking wrong about bitcoin, no it doesn't work that way.

Is that what you think? Well, I know quiet alright that bitcoin has its potential that makes it worthy of adoption but no matter the angle you're viewing from, bitcoin is still a very risky investment. Remember bitcoin is decentralized and that simply means that it has no central authority to guarantee its value and this make it hard for us to tell how it is going to evolve over time. I believe everyone value happiness and the the price of Bitcoin has been known to fluctuate rapidly and this will definitely be a cause of anxiety for investors.

My question to you now is this, as an investor, how confident are you that the price will soon hit your target? I guess you can not tell and perhaps that's what is keeping some people away from bitcoin because they don't know how it future looks like. So, at this point we should admit the risk involved in bitcoin and agree that investing in it depends on how strong are you in tolerating risk and how well you can manage it. Bitcoin is actually risky.

[bitLeap]

In this thread, I will argue that Munger is wrong about Bitcoin and that it is actually the smartest investment choice one can make.

Of course we love and believe bitcoin will have a very high price in the future. But I don't like to say that Bitcoin is the best investment instrument. All investments have risks and there are many sad stories about failure to invest in bitcoin and bitcoin being hacked.

Apart from Bitcoin, there are many investment instruments that have been proven to make someone very rich because of it. So investment is in accordance with someone's passion. Bitcoin is indeed a good investment instrument, but there is no best investment, everything has risks and possible profits. The future is difficult to predict, that's the reason why investments involve risk, whatever form it takes

That's right, we just need to be realistic in terms of investment, indeed Bitcoin, for those who like it, will say it is the best investment asset. It's just that we also can't say that investment assets other than Bitcoin are bad. All have their own domains and goals according to an investor's wishes to achieve certain targets. Any type of asset will be considered the best choice for those who have a goal and truly understand it in its overall context in terms of both benefits and function. For example, property assets are an investment instrument for entrepreneurs who understand how important it is to invest funds in them and succeed in making a profit from what they take.

[Fara Chan]

We can't generalize this sentiment for all people as a lot are still not sold in this market.
It may be the smartest choice for those who are already into this market but for those who are not yet here, they have other choices that they prefer the most.

Everyone has their own choice of what they like most in all sectors, including the market sector, so we cannot make generalizations about any sentiment related to the market. But if we refer to taking advantage of market conditions and also moments to gain profits in the coming year, it is time for the good things that are happening to be told to everyone. So that the increase in Bitcoin prices can continue to occur due to the effect of many people entering the market to buy it with investment intentions.

[HONDACD125]

My question to you now is this, as an investor, how confident are you that the price will soon hit your target? I guess you can not tell and perhaps that's what is keeping some people away from bitcoin because they don't know how it future looks like. So, at this point we should admit the risk involved in bitcoin and agree that investing in it depends on how strong are you in tolerating risk and how well you can manage it. Bitcoin is actually risky.

I think everyone who is investing in Bitcoin or has experience investing in Bitcoin must realize that there is a strong possibility that the price of Bitcoin will go up after the halving in 2024,because this is a cycle that happens every four years and from here if we look at the previous record, we have seen a huge pump in the price of Bitcoin after every cycle.

In my opinion this is the main reason why people invest more in Bitcoin. If such big companies and capitalists have invested in it, they must have faith in its future. How can anyone invest their billions of dollars in something that has no future? There is risk in Bitcoin but I don't think there is any business or investment in the world that has only profit and no risk of loss.

[jeha2015]

Apart from Bitcoin, there are many investment instruments that have been proven to make someone very rich because of it. So investment is in accordance with someone's passion. Bitcoin is indeed a good investment instrument, but there is no best investment, everything has risks and possible profits. The future is difficult to predict, that's the reason why investments involve risk, whatever form it takes

Yes that's right. All investments have risks, although the risks vary. Bitcoin as a smart investment the short answer is yes. Because there are several reasons why Bitcoin is a better investment than others. As Bitcoin Adoption grows every day, Bitcoin is a powerful tool for Financial Freedom, and Bitcoin is not going away.

I'm a little surprised if people say stay away from BTC because of its volatile nature. I mean, it is haha. But you can ignore all the volatility. With BTC all you have to do is play the macro game. Buy in the years leading up to the halving and the 4 year price increase. DCA exited at its peak and reinvested its profits into the bear market after the crash. Repeat.

[flyingcarpet]

Apart from Bitcoin, there are many investment instruments that have been proven to make someone very rich because of it. So investment is in accordance with someone's passion. Bitcoin is indeed a good investment instrument, but there is no best investment, everything has risks and possible profits. The future is difficult to predict, that's the reason why investments involve risk, whatever form it takes

Yes that's right. All investments have risks, although the risks vary. Bitcoin as a smart investment the short answer is yes. Because there are several reasons why Bitcoin is a better investment than others. As Bitcoin Adoption grows every day, Bitcoin is a powerful tool for Financial Freedom, and Bitcoin is not going away.

I'm a little surprised if people say stay away from BTC because of its volatile nature. I mean, it is haha. But you can ignore all the volatility. With BTC all you have to do is play the macro game. Buy in the years leading up to the halving and the 4 year price increase. DCA exited at its peak and reinvested its profits into the bear market after the crash. Repeat.

Every investment is a choice. These choices may lead us to different investments. Among many investments, Bitcoin has a very special and separate place for me. Bitcoin is building a future and its awareness is increasing day by day. I think it's very exciting that we are witnessing this.

We can diversify our investments and invest in many different things at the same time. I think having Bitcoin among the things we invest in is one of the most important items.

[topbitcoin]

Bitcoin is one of the digital currencies that is quite well known in the eyes of the world, especially among young people. And with the advancement of technology, this makes bitcoin easier to access and perceived by everyone so that everyone can invest there. When someone invests in bitcoin, they not only gain financial benefits but also knowledge about the world of cryptocurrency. While the volatile nature of bitcoin can be detrimental, it still presents the potential for growth and financial gain. For those considering investing, it is important to understand how bitcoin works in order to make a profit. Ultimately, investing in bitcoin remains an option for those who want a profitable investment opportunity. Before investing, it is important to understand risk management, crypto markets, and careful thought. In addition, it is imperative to exercise caution in all endeavors, including investing. By taking these steps, we can avoid undesirable things, such as financial losses.

[Bananington]

In conclusion, Bitcoin is a decentralized, scarce, innovative, adaptable, inclusive, and global. It is a superior form of money and a store of value. I can't even begin to emphasize how much of a revolution it is in the world.

Bitcoin investment is the better choice right now, because you can easily carry your investment anywhere with you under any circumstance. Land has been regarded as an investment that gains in value and compared with bitcoins often, but seeing how some people in Gaza and other places where crisis has forced people to relocate, such investment in land has been lost already, but people who had invested in bitcoins have lost nothing but physical properties. They are able to carry their investment in bitcoins with them even in a piece of paper with their seed phrase.

[bangjoe]

In conclusion, Bitcoin is a decentralized, scarce, innovative, adaptable, inclusive, and global. It is a superior form of money and a store of value. I can't even begin to emphasize how much of a revolution it is in the world.

Bitcoin investment is the better choice right now, because you can easily carry your investment anywhere with you under any circumstance. Land has been regarded as an investment that gains in value and compared with bitcoins often, but seeing how some people in Gaza and other places where crisis has forced people to relocate, such investment in land has been lost already, but people who had invested in bitcoins have lost nothing but physical properties. They are able to carry their investment in bitcoins with them even in a piece of paper with their seed phrase.

For security in his assets it is very safe in any situation, for example as you say that Bitcoin is not injured even when your country plays a role, the bitcoin that you have is not reduced or damaged, unlike other assets such as real estate that can be damaged due to bombing all out. While you keep your seeds right and you always keep it well, you will never lose it.

But the question for yourself, that when yesterday I heard that in Gaza really could not connect the internet for some time and until even electricity they did not have, only for my simple thought said that indeed at that time also Bitcoin could not In liquidation if the owner needs it.

[doomloop]

In this thread, I will argue that Munger is wrong about Bitcoin and that it is actually the smartest investment choice one can make.

All these people do is use Bitcoin and its popularity to get attention among the general public only to stay in the limelight and make them successful. So, the very first thing we need to do is stop giving them attention and don't let them use the fam of Bitcoin in their own favor because they know that every single Bitcoin holder's attention will be grabbed if they talk negatively about Bitcoin and make it look or sound like something that is completely useless.

There is one more thing that I always think about, I believe that the people who are millionaires or billionaires actually blame Bitcoin or say it's bad are most probably actually buying and storing Bitcoins in the back but aren't letting anyone know because if they do, people would stop giving them any attention.

[panganib999]

Munger is Buffet's bootlicker, who he himself says that bitcoin is nothing but a speculative asset and the growth that bitcoin exhibited over the past few years has been nothing but a sham. But eventually we find out he's investing in cryptocurrencies himself, or at least his company. What a fucking hypocrite. I wouldn't trust these senile motherfuckers with my life, let alone with my investment choices. Buffet got lucky with the coke investment and he would never shut the fuck up about it, Munger's got no balls and he's probably just licking Buffet's scraps, no one beyond the investment world really knows them as well, but ask someone on the street about bitcoin and they'd tell you what the know about it. Move on people, these kind of senile retards do not deserve our time.

[karabiber]

Anyone who knows Munger's life story will respect him. And that includes me. But I disagree with his statements about Bitcoin, because there was a time when gold investors hated the stock market and saw stocks as a bubble. This was around the time when Munger bought his first stocks and when he entered the market. I wonder what Munger thought about this at the time. Because the assets he invested in back then were revolutionary. Just like the investments in Bitcoin today.

Munger became wealthy through stocks after the Great Depression of 1929, and he became wealthy through change. The only thing that doesn't change is change. Instead of being prejudiced, I think it is right to capture the financial revolutions that are happening and today it is Bitcoin that is creating this revolution. The opportunity that Munger seized in the past years, other generations have seized today, and instead of supporting them, Munger says he finds it absurd. Munger is in the same position today as Munger was when gold investors opposed the market in which Munger got rich, and Munger opposes crypto markets. If you want to catch the financial revolution, get involved in the cryptocurrency markets and invest in Bitcoin.

[KiaKia]

When people talk trash about something, make sure you look into it, because that thing will probably become a successful thing, this is my way, as people are good at misleading others even if they are popular people, if you follow people blindly you can be lead astray.

Bitcoin has it's disadvantages but every other currencies have more disadvantages than Bitcoin, just because people say things about Bitcoin does not mean it's the truth, you are to do your own research first before you start supporting the motion.

Bitcoin is a speculative asset but it's the only thing that can solve the problem of every countries, that's not hard to see right now, a speculative asset is way ahead of the Fiat system and their never ending inflation virus, it's time for Bitcoin to come to the rescue, if they are ready to accept.

[o48o]

Recently, the vice chairman of Berkshire Hathaway and the business partner of Warren Buffett, Charlie Munger, made some controversial remarks about Bitcoin and cryptocurrency at Zoom's Zoomtopia 2023 conference. He called Bitcoin "the stupidest investment I ever saw", and said that most crypto investments will go to zero. He also said that despises Bitcoin's growth and that he would never buy or invest it.

In this thread, I will argue that Munger is wrong about Bitcoin and that it is actually the smartest investment choice one can make.

 First of all, it is decentralized and scarce. Starting from its scarcity, the fact that Bitcoin's supply is fixed is more than enough reason to understand that its value is way higher than fiat currency. It can preserve its purchasing power and protect its hodlers from inflation and currency devaluation, literally the number 1 thing against paper money.
-cut-

While i do agree with most of your points i have to ask what do you mean by value in here? Because it's certainly isn't value by marketcap. Just USD marketcap is now 985,841,269 BTC And CNY is over twice over that.

Also comparing it to fiat money isn't fair, as no one has ever said that fiat money would have ever been a good long time investment solution. It's by design inflationary and centralized so that it can act as a stabilizing tool for a country that has issued it. You can't use decentralized fixed supply currencies as a main currency of a country unless you are very much in early developing state. It has cool features that fiat money doesn't have, but because of those features it can't be as flexible tool as fiat money. From the government point of view i mean.

[FanEagle]

This is entirely true because it can be the best investment you have ever made if you know what you are doing. Too many people are unsure about what they are doing and that is why they end up dividing their money way too much or taking way too many risk, but bitcoin is by far the best asset you could hold. In fact, even though I have investments in other coins, if someone told me that they only hold Bitcoin (which I know a few people like that) then I would 100% support that for sure.

I think it's quite important that we are going to hold the best one. Bitcoin is so great that if you have 100% investment in bitcoin, nothing else, not non-crypto stuff like stocks or gold, nor anything in altcoin world, purely all your entire investment is to bitcoin, I would support that too. It's that good, and even though diversification is suggested, bitcoin is so far miles ahead of every other asset in the world that you do not really need to invest into anything else.

[tygeade]

Actually, those influencers seem to like to exaggerate their views, even though it makes no sense for the long term crypto market. Yes, maybe the short term volatility is so strong that there is no functioning financial market. But the story here is that they (previous generations) could only invest in things that were available at that time, but they were core to the economic industry, and it was not possible for them to succeed and become billionaires, meaning they are always right. People who don't understand bitcoin or have never even traded with it like to attack it, and there are also a bunch of conspiracies about whether they really don't hold bitcoins.

That is what they are good at (exaggerating things) and they can accept any kind of offers even though it's not really good for others but as long they are getting paid through it. Sometimes the volatility for the short term is strong but nowadays I think it gotten weaker and we mostly experience a stability only. This doesn't mean that the market is not functional anymore. Of course they always run. Previous generations or not, we all can only invest on what is laid on the table.

There were many good investment assets back in time and if the investor is also good at handling it, it is always possible for them to succeed and be wealthy. Those who attack BTC are sometimes faking it. The truth is they also support BTC. They only spread FUD to take advantage of the dump when people panic and sell.