Ninjastic
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Board Bitcoin Discussion
Re: I love Bitcoin
by
maydna
on 16/04/2023, 20:29:52 UTC
Quote from: yohananaomi on Today at 01:03:37 AM
Quote from: maydna on April 15, 2023, 08:24:10 PM
Quote from: superman184 on April 15, 2023, 07:48:03 PM
Quote from: MoonOfLife on April 15, 2023, 05:09:31 AM
You're asking questions that I believe the OP won't be able to answer, haha. Simply put, we love bitcoin for the profits it gives us, nothing more, and it's not uncommon for us to love what benefits us. But I wonder if bitcoin is no longer profitable and is only used as a currency, a payment method, will we still be madly in love with bitcoin as many people claim?
I never wondered like that until now because when Bitcoin is considered as a currency that can be used to pay for many things, it should be able to make more people fall in love with Bitcoin because it includes additional benefits besides the benefits when you invest in it (Bitcoin) or when you trade with it (Bitcoin). But I am amazed at those of you who even wonder when you see that there are some additional advantages to Bitcoin at this time
For now, we already love bitcoin because it benefits us, especially when it has become a payment method. People who want to use bitcoins as a payment method will love bitcoins too because they see that using bitcoins can give them something different than using their usual payment methods. But to see that bitcoin can be used as a payment method commonly used by many people from many countries may still take time. And while it's yet to come, we can still use bitcoin to our advantage to get more out of it.
if it is only used as a payment method, obviously it is profitable but not too much, only part of the benefits that can be obtained from bitcoin itself. even more important is that it can be used as a short-term and long-term investment that can be profitable and make a difference to the lives of those who use bitcoin for investment.
so indeed at this time bitcoin really provides a lot of changes for those who really place bitcoin for investment, not just making payment needs.
Right. It is by using bitcoins as an investment that people can get good returns. And as long as the price continues to fluctuate like it is now, one can hope for that profit. But we may only be able to accept bitcoin as a means of investment first rather than using it as a means of payment because several countries still have not accepted bitcoin as a means of payment. And that's okay because it has allowed us to get earlier profits than people who haven't used bitcoin as an investment.