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. 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?
If I am mistaken the growth of bitcoin market is because people are buying it even at the current price which is 13k$. See picture below,
I can see that there is a possibility that it will continue to grow and tha will help exisiting bitcoin holders to earn in it while others that are new could lose in their investment. This is one that bitcoin beimg featured and if you are a common user probably does not like to hold bitcoins or earn in this process. You could feel guilt about it when you think that others are investing it probably they are desperate to earn because they just being always told that bitcoin will going to continue the rise of bitcoin market price. This promise could deceive especially the new one like me.
This is why I would like to know your reply if it is alright to earn profit with bitcoin coming from the new investors of bitcoin? The existing bitcoin holders bought bitcoin cheaper than the new investors that they can get bitcoin at higher price as of the moment.
What do you think?
Most of the members here will say yes but bitcoin is not needed unless you want to earn or lose your money. Bitcoin is a form of gamblmg that if you are new you can have high chances to lose money and that benefits others as it comes to them as profits right?
If I am mistaken the growth of bitcoin market is because people are buying it even at the current price which is 13k$. See picture below,
I can see that there is a possibility that it will continue to grow and tha will help exisiting bitcoin holders to earn in it while others that are new could lose in their investment. This is one that bitcoin beimg featured and if you are a common user probably does not like to hold bitcoins or earn in this process. You could feel guilt about it when you think that others are investing it probably they are desperate to earn because they just being always told that bitcoin will going to continue the rise of bitcoin market price. This promise could deceive especially the new one like me.
This is why I would like to know your reply if it is alright to earn profit with bitcoin coming from the new investors of bitcoin? The existing bitcoin holders bought bitcoin cheaper than the new investors that they can get bitcoin at higher price as of the moment.
What do you think?
As much as bitcoin can also be used as a form of investment to make money, I believe it was not originally created for that. I'm sure that's not the purpose Satoshi had in mind when he created bitcoin.
Satoshi created bitcoin as a currency (meant to be spent) that is out of the control of the banks and government. He created it so that the masses can have control over their own money.
Although the acceptance of bitcoin as a means of payment is currently not widespread in the mainstream world, we now have merchants and companies that accept bitcoin which means it can be spent. I believe it is only a matter of time before bitcoin gets wholly adopted in the mainstream world and it's used for payment of goods and services