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    Author Topic: Bitcoin as a Retirement Bet  (Read 859 times)
    Yucky
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    June 21, 2024, 11:16:39 AM
    Merited by Greyhats (1)
     #21

    It doesn't look comforting for investor to buy x crypto project if majority of people look at it as a piggy bank where in the end they want to withdraw more money that they put into it.
    this is the sad reality about the transition we've noticed with earlier Bitcoin users and what's at the minds of those buying Bitcoin now. No one is interested in talking about the potential that Bitcoin has outside of it volatility. It's now about how profitable investing into it can be for the long term. What's now the difference between Bitcoin and this other coin that's flying around the media space?
    If all it is to it is "number goes up" then crypto opponents are right and it's nothing else than a pyramid scam.
    like seriously! Every one is looking for where to keep is money and in the next year they see it doubling into a huge figure, is that what Bitcoin is created to solve? To just talking about it as a mere investment asset making so many new persons that are coming into the sector to assume that once you've invested into it you've signed your way to the place of financial liberation.

    Bitcoin wasn't created to redistribute wealth, it suppose to be digital cash.
    I know that along the line, it's not wrong to leverage on the volatile nature of Bitcoin but to be honest, if at the time that Bitcoin came into existence people were only told about it volatility like what's now common with today's users, I doubt it would have gained this value it has attained now.

    So maybe stop hoarding it and actually use it because that's where the value is.
    while this is theoretically relevant, in practice it doesn't have much use. You don't normally involve yourself in international transactions that will make it easy to use at the moment and you can't really use it to buy stuff in most part of the world so finding the best way to use Bitcoin on a more frequent bases would be quite deficult. What's easy to do is to hold it pending when it gets popular to the extent one can use it locally and since it has proven to have hard the ability to gain it worth overtime, it's also good to take advantage of that aspect of Bitcoin.

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