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Author Topic: For me, Bitcoin is just a financial Game.  (Read 914 times)
bitLeap
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July 20, 2024, 01:24:53 PM
 #101

Well, despite the uncertainty surrounding bitcoin I still don’t see it as a game. Game is anything that involves amusement and fun. A critical observation will make it look like a financial game in the sense that you have no idea about the outcome and how it affects our psychological health with constant thoughts. However, there’s a tin line which to me distinguish these dou despite their similarities. The purpose of each entirely differs as game is purely for entertainment. I would have agreed that it’s a financial game but what of gambling?  Perhaps, bitcoin trading will fall into that category.
A game is also something that could be manipulated or something that has a way of bypassing and passing through every stage of it. If Bitcoin was like a game of course there would be hacks and cheat codes that would be used to know every stage and win it. All thanks to the developers that make it not to be easily manipulated or controlled. A lot of people have tried to see if they could crack the code behind Bitcoins development but they have not been successful in doing so.
There are always other points of view from the financial side of the game but not many people agree because everything comes down to one point, namely money, I don't deny it and in fact it is like that. But if it's just a financial game, why doesn't everyone in the world realize it or accept it easily? meaning there are things they don't like about Bitcoin, especially governments that don't like their citizens finding complete freedom in bitcoin. Once again, bitcoin is not just a financial game, but bitcoin has quite a deep meaning, making many people aware of how important freedom is, both in money and in life principles.

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July 20, 2024, 06:04:45 PM
 #102

Everything in the world is a game, I would say. We need to maintain balance while we play. Once we know how the game works, we use it in our day-to-day lives. Similarly, Bitcoins are a financial game. Unlike any other investment, we can do Bitcoins in order to make some extra bucks. But yes, we need to understand the risk involved in it and invest in our capabilities. The market is always volatile; hence, we should invest only that amount in Bitcoins that we can afford to lose.

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July 20, 2024, 07:08:18 PM
 #103

Okay, Bitcoin is unique and complex, but at its core, it's still money like cash or gold. Its wild price swings are super exciting and constantly mess with our heads. That's why I think of Bitcoin as a financial game—it's always changing, always surprising.

Well, despite the uncertainty surrounding bitcoin I still don’t see it as a game. Game is anything that involves amusement and fun. A critical observation will make it look like a financial game in the sense that you have no idea about the outcome and how it affects our psychological health with constant thoughts. However, there’s a tin line which to me distinguish these dou despite their similarities. The purpose of each entirely differs as game is purely for entertainment. I would have agreed that it’s a financial game but what of gambling?  Perhaps, bitcoin trading will fall into that category.
When it comes to bitcoin investment , you’ll make every possible effort to win. Let’s consider the fact not all games look fun and excited but some games are different and difficult, in any situation you find yourself investing or trading you should consider yourself winning and definitely the end result is always unpredictable likewise bitcoin price . Bitcoin is a volatile digital asset and it’s considered as a top investment choice so calling it a game sounds strange tho but, let’s view our investment journey as something difficult and the only way to get through is by obeying the rules and following the useful strategies .
This is the human theory you have just spoken about here, But the initial plan of Bitcoin was to provide solutions to fight inflation, make easy payments, provide a secure and financial system that is not centralized. Yet, humans have turned it into something like chess. You snooze along the line you lose your investment. Rug pools and cyber criminals are everywhere to take every last bit of people's investment. Indeed if OP calls it a game he is right because that is what it has been for some years now. 

There is no specific rules and regulations to Bitcoin jsyk. Rules change at every season in the market. At every point in the market there might be a shift in actions that is needed if not we may end up losing our investment.

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July 20, 2024, 07:25:37 PM
 #104

I don't know if we can call it a game or not but one thing is for sure, it does give you a sort of a feeling like you are in a game where you need to take certain steps, complete specific tasks, and increase your chances of getting more points, the points are your profit, of course.

If we consider it a game, then people getting involved in it need to understand that you can't play a game efficiently if you don't know or understand the gameplay and the levels. You start from the basic, which is generally easier, but as you move ahead, there tends to be harder levels that you need to clear.

So it's essential for players to have enough knowledge and understanding of the game before they get involved to avoid having the word "Game Over" appear on their screens.

Apparently,I would accept that bitcoin is a game as it improves your financial literacy bit by bit.Similarly,it covers all range of financial learning and activities like saving,spending,income,debts,loans,investments,budgeting,debt management/money management and in the same vein trying to enhance personal financial skills and studies on how to become financially responsible.

You're therefore expected to apply and reinforce these concepts for financial well-being.Nevertheless,bitcoin enhances and secures financial your experience.
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July 20, 2024, 08:13:33 PM
 #105

`
There are always other points of view from the financial side of the game but not many people agree because everything comes down to one point, namely money, I don't deny it and in fact it is like that. But if it's just a financial game, why doesn't everyone in the world realize it or accept it easily? meaning there are things they don't like about Bitcoin, especially governments that don't like their citizens finding complete freedom in bitcoin. Once again, bitcoin is not just a financial game, but bitcoin has quite a deep meaning, making many people aware of how important freedom is, both in money and in life principles.
Bitcoin isnt simply for profit. Its about change. Returning power to the people rather than the government and huge banks is the goal. They're afraid. They know the old methods and systems. Bitcoin is a significant shift, and they hate change. So thats why its crucial. Take charge of your finances. About freedom.

Freedom is lovely. What makes life worthwhile. Bitcoin is another stage. Nothing's perfect. But its a step toward a brighter future where everyone has a say and can achieve. Bitcoin may be dangerous. But what else is risky? Letting someone else control your money. Allowing someone else to control your money. Bitcoin is about taking responsibility for risk, being your own boss.

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July 23, 2024, 02:48:17 AM
 #106

When You Understand The Game, You Dont Panic
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July 26, 2024, 10:24:03 AM
 #107

You are considering Bitcoin as a game whereas many big investors are investing in Bitcoin and they consider Bitcoin as a reliable investment platform. You discussed the volatility of the Bitcoin market here. Only if you invest in the Bitcoin market, the price of Bitcoin will rise, but if you invest your money in any other business, the market will go up and down. Like if you bought a physical product without buying bitcoin and you thought you would sell it at a higher price but after you bought it the price of that product went down, but the thing is like the price of bitcoin goes up. The difference between a physical product and Bitcoin is that Bitcoin is only a virtual currency, it has no physical form. But Bitcoin has gained enough reliability in the market and we have enough confidence in this coin that we can consider Bitcoin as a reliable investment platform like any other investment platform.

Many people here think of Bitcoin in many ways, but I have accepted Bitcoin as an investment. Considering the price of any other product you will surely understand. The price of Bitcoin is highly volatile in an instant, and investors can make huge profits by trading in Bitcoin, so by any measure Bitcoin should be considered the best, but its long-term reliability in the market has created more confidence in the future.  Therefore, investing in this topic is very low risk at present, as the Bitcoin bull run will start shortly in the future.


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CcnoutChopper19
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July 26, 2024, 09:19:53 PM
 #108

Everything in the world is a game, I would say. We need to maintain balance while we play. Once we know how the game works, we use it in our day-to-day lives. Similarly, Bitcoins are a financial game. Unlike any other investment, we can do Bitcoins in order to make some extra bucks. But yes, we need to understand the risk involved in it and invest in our capabilities. The market is always volatile; hence, we should invest only that amount in Bitcoins that we can afford to lose.

Right, it means when you understand how investment really works then you will know how to play well, in the sense of knowing what to do and what to avoid, and all of this you will only know when you understand the opportunities and risks.

Basically understanding something you are doing is the main key to staying awake or avoiding unwanted possibilities, this is an investment where as you said that the market is always volatile which can make us lose money, but by having the right basic understanding then of course you will only take various actions in a measured way, in the sense of not exceeding your capabilities especially in terms of allocating money.

Try to only allocate an amount of money that will not be used for other needs in life, because the benefits of investment will be maximized when you have long-term planning, meaning you must have another amount that will be used as an emergency fund to overcome various possibilities that occur unexpectedly that require you to spend money to overcome the problem, and with the emergency fund that you have prepared, the bitcoin assets that you have maintained will not be disturbed, because I often see investors who eventually fail in the sense of cashing out all their investment assets to overcome the problem that occurred unexpectedly, which indirectly prevents you from getting greater potential profits.
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July 26, 2024, 09:47:53 PM
 #109

Firstly, despite Bitcoin's distinctiveness and its own complexity compared to other financial forms like fiat currency, gold, etc., its essence remains "money."
Secondly, the price volatility of Bitcoin is highly enticing; it constantly alters our psychology, which is why I refer to Bitcoin as a financial game.
Having to recognizing its distinctive qualities and still go to say it’s all just money in the end isn’t actually factual.
It’s like having to compare the analogue phones to what we’ve got now in Android and IOS. You would say it’s all communication in the end but, don’t forget you could send applications using mails with one and the other cannot. Like, there are levels to this.
Let’s not forget how Bitcoin can serve as an asset but the regular fiat currency cannot. That’s just one way to tell you it doesn’t serve as your everyday currency.

Quote
Be mindful: if it's a game, there are rules to follow, risks involved, and winners and losers. Before you engage, research investment strategies, media influence, key influencers, benefits, risks, etc. Take charge of the game; don't let it control you.
Financial game?
You might have a point but, I’ll hate to see it that way. Even then, I consider your advice of being in control of your affairs about your investment the only way you could hold up good.

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