Post
Topic
Board Bitcoin Discussion
Re: Can you stop calling Bitcoin an investment?
by
denzkilim
on 23/08/2018, 18:44:47 UTC
Can you stop calling Bitcoin an investment?

This damages the cryptocurrency. Bitcoin was not created to become an investment. Before Bitcoin, there were some digital currencies years back, the goal was always to be able to create a (digital) currency free from central banks and governments.
Cypherpunks and other anarcho-capitalists are at the origin of this idea, perhaps 20 or 30 years ago. None were intended to make an investment to be rich quickly.
You won't find in the white paper "investing" mentioned, you won't find any post from Satoshi mentioning it

Considering Bitcoin as an investment, this is the reason why we have more and more regulations, G20 summits and others craps, KYC, etc...
The word "Crypto-assets" didn't exist before, why did they create it? Because you even consider it an investment, then why shouldn't they?
Bitcoin could be a lot more accepted and used by now. Why should a merchant agree to be paid in Bitcoin? He wants money, not a piece of your investment.

You're not even investing, you are just gambling with money.
Go to the altcoins board, you will surely find plenty of ICOs where you can say you invested in. I have something for you, ICOs used to raise money are no different than "Crowdfunding". If you want to invest then there are a lot of Crowdfunding websites where you can invest in real startups with fewer risks, (you won't find any project using photos from Pixabay...)

Why don't we see cryptographers anymore? Guess the reasons
It's the fact that many people come to bitcoin and cryptocurrency because they want to invest and earn some profit from it. It is very fast to earn money but risky.
I think that the "investment" thing that follows the name of Bitcoin will never be erased anymore and it will continue lol. Grin To be honest majority of the people right now that possess Bitcoin thinks that Bitcoin is created for investment purposes without knowing its sole purpose, to be a digital money that no is controlling or manipulating but look at it today it became an investment medium because of the hype and FOMO that are spreading. I guess this is the downsides of decentralization it can turn a project's sole purpose to another purpose and only the community decides by it on their desires I guess. Cheesy

Anyways even Bitcoin became a digital asset and an investment medium there are a lot of people out there that are happy with this results especially those people who mined and bought Bitcoins at its early years and hodl it and makes a lot of folds from their "investment"(I think this is the correct term now lol). Grin