Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is not needed but only for investment purposes
by
AicecreaME
on 31/10/2020, 17:04:18 UTC
Do we really need bitcoin?

Most of the members here will say yes but bitcoin is not needed unless you want to earn or lose your money.

You've just contradicted what you had said. That's the point of the whole story, you need it because you gain something from it, simple.

Bitcoin is a form of gamblmg that if you are new you can have high chances to lose money and that benefits others as it comes to them as profits right?

I don't why many people said this over and over again but you technically didn't lose your money whenever the price of Bitcoin goes down. You'll only lose your money if you bought in $13,000 and convert it into fiat again when it hits $10,000 because of its price fluctuations, that is normal because of its volatility. In short, the reason why you'll lose your money is because of how little knowledge you have about Bitcoin, and not because Bitcoin is a bad investment.

1 BTC is still 1 BTC no matter what price it will have. Also, before engaging in cryptocurrency, be sure to have extra patient and you'll have the profits that you're looking for.