Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Tonimez
on 29/05/2025, 18:52:53 UTC
Bitcoin is a long term project from the beginning.
bitcoin is not a token to be refer to as a project, bitcoin is a virtual currency or a digital currency designed to act as money and a form of payment outside the control of anybody or entity. People invest in because Bitcoin has value it can function as a store of value with potential returns and a unit of exchange.
How do you mean? Bitcoin being a project does not imply bitcoin as a currency. I only referred to bitcoin accumulation as a project. A person makes his fiat money in wishes to invest, he may choose to invest in real estate, construction works and many more areas of investment. All these I've mentioned, I'm sure you would agree with me that the process of achieving any of either building, real estate or construction works can also be seen as projects.

A person can also make his fiat money and decide to diversify buy investing in bitcoin. He sets a target of what he would like his bitcoin stash to look like in a longer term or given period of time. That stage of accumulation is what I referred to as a project. You run a project with money same way you build up your bitcoin with money. I don't think it's completely wrong to refer a bitcoin accumulation stage as a project.

Quote
Most people's interest in Bitcoin is not only in its value, but in the amount of Bitcoin supply that cannot be increased by any entity so that it becomes more attractive to have because it is very different from any fiat money that can always be printed at will by certain parties. I also don't want to call Bitcoin with other words because Bitcoin is still Bitcoin without any word that can be the same as it so we don't need to find a substitute word to describe Bitcoin because we can directly use the word Bitcoin. So I also agree not to call Bitcoin a project even though Bitcoin can be anti-inflation which is very different from any fiat money.
Words can also be implied based on the role a particular event plays. Referring to bitcoin as an asset is not wrong, but not every assets is bitcoin. We should try to understand when a word is contextual and make out the point, if any.