Is it a must that you should "invest" in Bitcoin?

If you feel there is a much better way which you think you know, then put your money there. Nobody is forcing you to own some bitcoins. It's a free world.

Ok, Mr Financial advisor, explain to us how Bitcoin generates value?

Oil could lose value and become worthless
Amazon stocks could lose value and become worthless
Gold could also lose value and become worthless
So what's your point?

The same small voice that assures you that Bitcoin could lose value and become worthless.

I believe that he created it as a better currency and not as a payment system. If you think that the sole purpose of satoshi was to create something that you could earn profit from, then you never understood what he stood for. The decentralization part of bitcoin is the main reason, and it is a currency which means that there is a currency in the world where politics could not impact it and change it.

In regular nations, we keep seeing nations print money all the time and this devalues currency and the worse they act towards money and economics, the poorer you get whereas in crypto nothing like that could happen and nobody can print it, which is the power of bitcoin and why it was created.

the PRICE is speculative.

EG
gold PRICE speculates between $1k to $2k
but golds VALUE sits at about $900..
yep no one can get gold for less than $900 and so golds underlying VALUE is $900

if while the lowest cost of acquisition was $900, the price speculated to say $3k then that difference of $2.1k speculation is a "bubble" where that hyped up PRICE can crash back down below $2k and get close to the $900 value at worse case.

bitcoins VALUE is near $30k. and while the price is at the moment $40k. it has reached $70k which that $70k PRICE was a bubble that corrected down again.
but the price has not dropped below the $30k value while the VALUE amount was at that $30k amount

..
bitcoins intrinsic value is not the price.. the 'store of value' amount of bitcoin is not the price.
once people realise that the 'value' and price are different measures. then people can see the difference.
and when people learn what the real VALUE number is. then when the PRICE moves up but the VALUE is not moving up at the same scale/rate. people can realise when the PRICE is speculating into the realms of bubble

in short..
yes the PRICE is based on random sentiment and sometimes empty reasons.. but the VALUE has reasons and math and actual costs and physical reason for existing

Start by understanding how new Bitcoins are created or generated. The amount increases through mining. How do you mine Bitcoins? Can you do it with an old phone? No. Can you do it with a cheap laptop nowadays? No. Can you do it with a brand-new computer? No.

So what do you need? You need ASIC miners who are developed just to mine Bitcoin. Are they cheap and available on shops worldwide? No they are not. They are quite expensive and in most cases need to be pre-ordered because there aren't enough to support the demand. Is 1 ASIC miner enough? No, you need hundreds and thousands of them to be able to compete against the biggest mining firms in the world.

That's just one part of the story. You also need plenty or electricity to power up these hungry freaks of nature. Electricity costs money. As you can see, a lot of work needs to be done just so that you can have a chance to take part in a lottery, where if you are lucky you will win the main prize. The main prize is the block reward. Once you get your hands on those coins, you know you didn't get them cheaply with all the work and money you spent to prepare for that moment. Once they are in your wallet, you will value them.

Before anyone says you don't need thousands of miners to mine. I know that. You can have just one and divert your hashrate towards a mining pool where you will get an equivalent share of the coins once they find a block. Solo mining is an impossible task nowadays. 

Supply and demand is the mechanism of price discovery. The profit comes from buying low and selling high. This is known as speculation. There's no other way to profit from owning Bitcoin, aside from shitcoin forks and airdrops, that are rare and unpredictable.


Who said anything about Bitcoin use? It's a topic about the origins of Bitcoin's value.

"In finance, the intrinsic value of an asset usually refers to a value calculated on simplified assumptions. For example, the intrinsic value of an option is based on the current market value of the underlying instrument, but ignores the possibility of future fluctuations and the time value of money." - Source : https://en.wikipedia.org/wiki/Intrinsic_value_(finance)

Now let's make examples of other digital things that has value : Skins and add-ons in Online Games like Counter-Strike. (People pay $10 000 for a unique skin for their 9mm) Virtual property in the Metaverse has market value, because there are a market for it.

You do not have to touch something ..for it to have value. 

intrinsic value, is the value in-of-itself..
so all the idiots thinking bitcoin needs to be backed by something separate.. have no clue

if you think intrinsic value is based on some thing separate a thing needs to be backed by that has nothing to do with the thing your valuing..  your wrong

EG bank notes in the 1920's intrinsic value was not that they were backed by gold.
banks notes intrinsic values(features) was the laws that ensured that bank notes were usable to pay court fines, taxes and retail products far easier than another currency.
the intrinsic value(financial) is based on things like minimum wage that give it a notable minimum value.

bitcoin would not exist if it were not for the mining. so mining is the essential thing of bitcoin

take ethereum. its intrinsic value is also PoW mining which gives ethereum the base value of atleast $2k. (no im not talking about the $3k price)
when ethereum 'detonates' to become PoS. that intrinsic value switches to PoS which has a value in of itself of ~$1.50 yep over 1000x less value. meaning that you will expect a huge price correction after the detonation because everyone suddenly PoS signing blocks for only a couple dollars would happily sell down the market price all the way down to maybe $3 and still profit

yep PoS intrinsic value is far far less than PoW intrinsic value.
as for the intrinsic values(features) well ethereum is still begging the many sidechains and tokenisations so ethereums intrinsic values stay the same, but this is not enough to keep the value(financial) at the same support

Says who that Bitcoin has no intrinsic value? Is this your lack of understanding of Bitcoin's potential impression or you're just a troll?
You don't need to ask if Bitcoin is the best way to invest money, all you need to do is to check the performance of the Bitcoin market when the world businesses and economies barely survive during the total lockdown.
Check the performance of the market over the years right from its creation and the number of people who are making financial freedom through Bitcoin.

If Bitcoin will be worthless, it would vaporize when the government, SEC, the Chinese shut down mining, etc. Besides, the government now understands that Bitcoin is inevitable and if it is going to be worthless the institutions won't be the major investors in this year's market.

"... #Bitcoin is a commodity money, "digital cash system".

- https://en.wikipedia.org/wiki/Commodity_money

"Commodity money is money whose value comes from a commodity of which it is made."

The intrinsic (base) value of bitcoin is from electricity, CPU time and cryptography (math pow).

https://en.wikipedia.org/wiki/Commodity_money "

- https://twitter.com/BitcoinFX_XBT/status/1510943103431380992

Commodity money wiki - Excerpt: "Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects having value or use in themselves (intrinsic value) as well as their value in buying goods. This is in contrast to representative money, which has no intrinsic value but represents something of value such as gold or silver, in which it can be exchanged, and fiat money, which derives its value from having been established as money by government regulation. ..."

...

"When satoshi wrote the whitepaper and launched #Bitcoin #BTC had zero dollar value.

The first exchange rates were calculated as follows ...

- https://web.archive.org/web/20091229132610/http://newlibertystandard.wetpaint.com/page/Exchange+Rate

Excerpt: "Our exchange rate is calculated by dividing $1.00 by the average amount of electricity required ..." ..."

- https://twitter.com/BitcoinFX_XBT/status/1510945795255775239

...

" ... "... to run a computer with high CPU for a year, 1331.5 kWh, multiplied by the the average residential cost of electricity in the United States for the previous year, ..." ..."

- https://twitter.com/BitcoinFX_XBT/status/1510946020640841730

...

"Excerpt: "... $0.1136, divided by 12 months divided by the number of bitcoins generated by my computer over the past 30 days."

- https://web.archive.org/web/20091229132610/http://newlibertystandard.wetpaint.com/page/Exchange+Rate

Technically only bartering existed when satoshi released #Bitcoin to the public."

- https://twitter.com/BitcoinFX_XBT/status/1510946817227333635

...

"Arguably, bitcoins have always had a (base) "intrinsic value" as intangible commodity money, as above.

Of course, today's pricing stems from other market factors, finite supply (supply and demand) etc, etc.

Something is only ever worth what someone else is willing to exchange!"

- https://twitter.com/BitcoinFX_XBT/status/1510948619536547843