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Author Topic: For me, Bitcoin is just a financial Game.  (Read 719 times)
Dr.Bitcoin_Strange
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June 27, 2024, 05:58:56 PM
 #41

Well, I would not describe Bitcoin as a game, and as a fact, I don't mistake assets or investments as a game. I think it's strange to describe Bitcoin as a game; it is an asset that many people cease the opportunity to acquire it as their investment. In order to be successful as a Bitcoin investor, you need to learn and understand the pros and cons of Bitcoin. The reason why some people have not invested in Bitcoin already is because they fear that the price can drop, but they don't realize that Bitcoin is not a shitcoin. Even if the price of Bitcoin drops, it will definitely rise again. Every investment has its own side of risk and rules, and when the investor lacks specific knowledge about such an investment, they may experience bad investment. That's how Bitcoin is. 

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June 27, 2024, 06:16:47 PM
 #42

The same for other financial products that have risks associated with gains and losses. And for each financial market that someone will be involved with, there will always be losers and winners.

If it's about risk and gain, Bitcoin isn't different from the other assets and investment vehicles that have been known for so many years. While it's still considered as one of the youngest assets in the world.

This is a game for the new generation while many that prefer traditional investing and assets won't get into it. And this is the beauty of this game, it's not just for the young but also for everyone at any age.

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June 27, 2024, 07:51:44 PM
 #43

I don't play any games here. I consider myself a believer in bitcoin and its value and I hold it because honestly I can't find anything better. Everything I buy is troublesome.

I have an apartment and there's always something going on. I have to insure it, they up my rent every year, the cost of water and heating goes up, I get notified and have to pay it, I have tenants and they have their own requests...
With no tenants I wouldn't be able to afford it because it would cost me a few thousand $ a year to keep it.

It's the same with a car. I have 2 and it's always something if you want to keep them in good condition. Bills to pay, cleaning, making sure they're parked in the garage when there's a storm or snowy weather.

Bitcoin is a buy and forget type of asset.

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July 01, 2024, 10:06:36 AM
 #44

I don't play any games here. I consider myself a believer in bitcoin and its value and I hold it because honestly I can't find anything better. Everything I buy is troublesome.

I have an apartment and there's always something going on. I have to insure it, they up my rent every year, the cost of water and heating goes up, I get notified and have to pay it, I have tenants and they have their own requests...
With no tenants I wouldn't be able to afford it because it would cost me a few thousand $ a year to keep it.

It's the same with a car. I have 2 and it's always something if you want to keep them in good condition. Bills to pay, cleaning, making sure they're parked in the garage when there's a storm or snowy weather.

Bitcoin is a buy and forget type of asset.

I understand your point; we all have bills to pay and various issues to address. However, personally, I consider Bitcoin as a game that helps me understand the rules and minimize risks (if any). Everyone has their own choices.

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July 01, 2024, 10:22:21 AM
 #45

Firstly, despite Bitcoin's distinctiveness and its own complexity compared to other financial forms like fiat currency, gold, etc., its essence remains "money."
It is money but its specialty is that it is censorship-resistant and decentralized. Nobody can stop you from using bitcoin just because they want to and nobody can shut it down on their own.

That makes it way more than something just like "money".

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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.
That is when you compare the USD value of bitcoin. But that n BTC always remains n BTC - just the market price changes. This has nothing to do with bitcoin itself. It is what the people buying and selling against USD have to put in.

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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.
You sound more like those motivational monkey suits, trying to sell their own koolaid. In this forum 99% own bitcoin or buy it, no need to reiterate that.

R


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Obari
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July 01, 2024, 10:42:53 AM
 #46

Bitcoin isn’t just money but freedom and the basic concept of bitcoin was to have a form of currency controlled only by the holder without a third party interference like the government and you can believe me that bitcoin has done its best and tagging bitcoin as a financial game simply because of it’s volatile nature is wrong and tho people are already taking advantage of the volatile nature of the coin doesn’t make it seem like a game.

Bitcoin is a decentralized digital currency and we should accept  it for our freedom.
I don't play any games here. I consider myself a believer in bitcoin and its value and I hold it because honestly I can't find anything better. Everything I buy is troublesome.

As a long term holder, bitcoin should be your first if not major and only choice of consideration for now and a believer of bitcoin wouldn’t have to see himself as a player but rather work towards having more bitcoin(freedom)

R


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July 01, 2024, 12:11:49 PM
 #47

Bitcoin isn’t just money but freedom and the basic concept of bitcoin was to have a form of currency controlled only by the holder without a third party interference like the government and you can believe me that bitcoin has done its best and tagging bitcoin as a financial game simply because of it’s volatile nature is wrong and tho people are already taking advantage of the volatile nature of the coin doesn’t make it seem like a game.

Bitcoin is a decentralized digital currency and we should accept  it for our freedom.

OP is not a newbie , and I think he understands very well what you are explaining , and it is just a matter of his choice .
I think he is not wrong because no one has the right to dictate what he should and should not do with bitcoin , the fact that he considers bitcoin as a financial game is his choice , not all of us . If OP is wrong just because he sees bitcoin as a financial game then the people who deserve more criticism are the criminals who are using bitcoin for their  illegal activities  . Bitcoin as well as many other assets and tools, people are free to use them for any purpose they want and we have no right to interfere.

For me, bitcoin gives me more than just an investment and I will use it according to my purposes, I don't care how people use it.

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July 01, 2024, 12:39:23 PM
 #48

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.


I guess it's fine to look at bitcoins as a game, some people see the stock market as a game and play it for fun. The question is what to you want from bitcoins. In case you are in it to make money than the categorization of a game might not be the best approach. Using some spare money that you don't need otherwise and trade for fun is great to learn more about crypto currencies. Just don't invest all your savings in something that you view as a game. With the high price bitcoins have been trading on for several years now there are many people who look at bitcoins as a serious investment. Looking at it only as a game you will be missing out.

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July 01, 2024, 12:41:34 PM
 #49

Hmm well, that's totally up to you how you process your journey with Bitcoin, for some of us it's just a trading pair, for some of us it's a long-term financial investment opportunity, for some us is the store of value, and for some people, it's just a bubble haha even though the bubble narrative is not much entertained.

Well, whatever it is currently I'm in love with it, so keeping it simple explore and find yourself what is it. TBH you wont regret doing that.

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July 01, 2024, 01:08:37 PM
 #50

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.

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.


You know that all bitcoin holders make money because of the volatility that bitcoin has, even in other cryptocurrencies. Do you know that? Without the volatility of a cryptocurrency or bitcoin, it is for sure that no one can make a profit in this field of the crypto space.

So what others think is that volatility is dangerous is not the concept that other communities believe in here, because where our fund is invested in Bitcoin or crypto/financial, there is profit that we can get even though it has a high risk associated with it.

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July 01, 2024, 01:22:19 PM
 #51

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.

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.



That is for you, but for me, bitcoin could be the future currency of this world as long as gold isnt there to be use as a currency. So far, the paper money still going on but this kind of currency will be gone soon because only those powerful country benefits from it.








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July 01, 2024, 01:48:21 PM
 #52

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.

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.

Op sorry, I'd rather be involved in a game, because whatever we do requires a game to be played. People have to climb stairs to reach the top, each step is sometimes slippery and mossy. But it's all a process that you can't skip so we'll follow the rules of the game. If Bitcoin was just a game then I would be more interested, whatever the rules of the game don't matter than having to be a spectator, commenting, never doing anything just shouting nonsense.

In my opinion, the risks of mainstream media, insults, insults are just the spice that makes Bitcoin even more popular. (Newton third law).  Roll Eyes

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July 01, 2024, 07:22:18 PM
 #53

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.

This is right only if you see bitcoin as a financia tool, but some people see it from the technical side. As developer I see bitcoin as a software, it's something that you can code and integrate to webs and apps. And that's the awesome part of bitcoin. If the price change that doesn't affect the code.

I think there are many ways to see bitcoin, and developers doesn't care at all about the current price.

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July 01, 2024, 08:20:07 PM
 #54


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.

Regardless of what you call it, I am more interested in discussing the risks that we must bear and realize from the start.

When in a situation where we require sacrifice from the start, it must be realized that in the end risk management becomes an important condition so that we are not wrong in approaching what we are aiming for.
Bitcoin is a good innovation for now and indeed even though the goal is to make us realize that in the end the system that bitcoin has will make us comfortable because there is no direct intervention from third parties because the initial purpose of bitcoin is as an option for payment but increasingly we can realize that the benefits of bitcoin turn out to be more than that and investment is clearly one of the benefits that we can deepen when in bitcoin only indeed with volatility as you say then we must realize that risk is definitely there.
By looking at this we must realize that in the end knowledge about bitcoin, strategies, plans of approach that must be done when we have bitcoin becomes an important thing that we must do from the start so that we can take advantage of bitcoin because it would be a pity if innovations like this are just missed.

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July 01, 2024, 10:02:34 PM
 #55

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.
You are right in a way but this can't be entirely right because Bitcoin can do what fiat currencies can do, so if everything surrounding Bitcoin is a financial game, then everything about fiat currencies is as well. But this is not true in reality, it is only some certain aspect they are using them for that can attest to that. Take the buying and selling of your Bitcoin and the use of it to pay and receive money as an example, these are not jokes, no games here.

Personally, they've helped me better in overcoming the cheating and the barrier in cross-border payment. But still, when it comes to staking, trading, investment etc, yes, one may say they are financial games. Coincidentally, I thought of this a few minutes ago before I read your thread that trading is a financial game and the good player earns so much through it. Not knowing that I would still come across something like that today.

Conclusively, anything about the financial market is an indirect game that we need to play technically and intelligently, so you are right halfway.

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July 02, 2024, 12:18:44 AM
 #56

Hmm well, that's totally up to you how you process your journey with Bitcoin, for some of us it's just a trading pair, for some of us it's a long-term financial investment opportunity, for some us is the store of value, and for some people, it's just a bubble haha even though the bubble narrative is not much entertained.

Well, whatever it is currently I'm in love with it, so keeping it simple explore and find yourself what is it. TBH you wont regret doing that.

You are right. Bitcoin or any other cryptocurrency in the market can be considered financial games by people who are regular traders which means that they buy and sell these assets daily to get some profit. Such people need to be very careful with each of their steps just like how we have to make sure we are doing everything perfectly when we are playing a video game so that we can win or clear the levels or rounds without dying or having the game over.

When you make a mistake, maybe when buying or selling or when you are holding, if you get late, make a mistake when placing a trade, or anything in general, all these things can cost you money and time, and just like a game, you will have to play that round and the rounds you have lost once again because you failed to clear it and there is no autosave in this game.

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July 02, 2024, 04:46:04 AM
 #57

Yes, it is a game because Bitcoin price volatility is very interesting to follow. I really enjoy the game and continue to be addicted to wanting to always be involved in it because I think this game can provide benefits for me. Bitcoin is like a zero-sum game, there are always challenges in it, but I always believe in the potential generated by Bitcoin so I will continue to allocate a budget to enjoy this very interesting game. The wider growth of Bitcoin can open up opportunities for anyone to achieve victory, the Bitcoin price which continues to soar will make it easier for anyone who saves Bitcoin to achieve very beautiful final results. Take advantage of this opportunity by enjoying the game to achieve victory and financial freedom in the future.

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July 02, 2024, 06:48:14 AM
 #58

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.

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July 02, 2024, 07:35:04 AM
 #59

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.

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.











if Bitcoin is a game so many people will lose towards it and before thinking of investing with Bitcoin, you'll have to learn all the strategies before deciding whether you'll invest. Sometimes will all know that some people do lose and sometimes people do enjoy more towards it, so for me as well I also see Bitcoin as a financial game because it has helped a a lot of people who has played it and some people consider Bitcoin. As a reliable platform of which they can invest and relax because they know Bitcoin it's something that goes up and down, the difference between seeing Bitcoin as a financial game and seeing Bitcoin as a reliable platform. Is like buying a physical product without Bitcoin and selling it without when Bitcoin was higher at price, but after you bought it the price went down but the difference between seeing it reliable is when buying the physical product and selling it in Bitcoin and also selling it when Bitcoin was higher in price. With this is when you'll know that Bitcoin it's reliable and it's not just financial game but virtual currency.
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July 02, 2024, 07:36:42 AM
 #60

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.
Bitcoin is still money or rather let's just call it an improved version of the fiat. It has its distinct quality, advantages and disadvantages just like the fiat but it advantages outweighs most of its obvious limitations. Volatility isn't a bad nature of Bitcoin but is more of an added quality that makes Bitcoin to be unique. If you're looking at holding Bitcoin as an asset that you're investing into, then volatility is at the core of it's worth but when you're looking at Bitcoin as a core store of value that could make international transaction easier and less stressful, the effect of volatility doesn't become a serious consideration at all.


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.
I doubt its as complex as you're portraying it here. Except you're considering trading Bitcoin or you're mixing Bitcoin and altcoin to having same risk, sticking to owning only Bitcoin alone isn't all too complex and you might not necessarily the effect of media influence, and key influencers while holding on to your asset. Even though the big whales and key influencers makes decisions that will affect its price, it's not possible that all of then will suddenly make those kind of decisions and even when some decides to sell off thier holding and leave the scene, other big influence will still join the Bitcoin system.

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