Bitcoin can generate profits due to its volatility, bitcoin can hedge against inflation due to its limited supply, and its value is always increasing. Bitcoin is decentralized so it can be the safest place to store wealth because we don't need to depend on third parties and finally, bitcoin can be used as a peer-to-peer currency...It can be seen that it is a unique multi-functional asset in the world and how we use it depends on each person's purpose.

You can view bitcoin as a financial game to make a profit because that's your right, but that doesn't mean others can't use bitcoin for other use cases. In addition, it would be a pity to ignore the great uses that bitcoin brings, because no one prohibits and forces us to only use one of the many use cases of bitcoin. Personally, I would make the most of bitcoin.

Okay, Bitcoin is unique and complex, but at its core, it's still money like cash or gold. Its wild price swings are super exciting and constantly mess with our heads. That's why I think of Bitcoin as a financial game—it's always changing, always surprising.

In playing game you lose whether you have luck or not because it is not possible for one to win a game at all time. But in bitcoin if are patient enough to wait for the long term investment then you won't lose and instead you win. And all you need to do in the investment of bitcoin is patient. And the risk only comes when you can't wait to see the new bull run or All Time High and sell your coins along the line. The risk is there foe impatient investors and not for the well knowledgeable investors.
I don't like comparing bitcoin investment with game or gambling. Though life itself is a gamble but the context used are different.

Bitcoin was not created to be viewed as this in the first place. It was later that it can be used to play with stuffs like your mindset, buying low and selling high that it began to be viewed as a financial game. When you’ve been able to understand where the direction of the market is going, you can now hop in the direction that will favour you and once it begins to create that kind of psychological view in people’s mind, it becomes more like a game. I won’t argue with this your viewpoint as there is a lot of sense in it and only with this we have seen massive adoption and use of it today. It creates room to learn more and have knowledge about what you’re going to invest in unlike other assets that are basically base on your choice without much research about them.

Guys, the problem is that especially in 2024 the market of Bitcoin is staying extremely unstable. Having reached all-time-highs at the end of 2021, the cryptocurrency market experienced several corrections then. I also thinking about investing into Bitcoin BUT the question is: passive vs. active income. The same money i could invest into active business, like a supermarket in a sunny country like spain and the rendite will be maybe much higher, its a headache topic. What do you think, and what do you think about investing in Gold instead of Bitcoin?

peace

https://nj-sanitaerdienst.de

I completely disagree.

Before determining the status of an asset such as bitcoin, it is necessary to find out in what proportion this asset is used. I tend to think that bitcoin is used more as an investment tool rather than money. If anyone has statistical data, they can add this to my post. Personally, I can assume that an indicator of using bitcoin as an investment instrument is its high cost. That is, if used as money, supply and demand would be approximately equal, and bitcoin would not cost ~$60-70k. But due to the fact that demand exceeds (invested money), bitcoin becomes more expensive. Also, multi-million dollar investments from institutional investors are confirmation of my words. In other words, most of the bitcoin is hold as an investment and only a small part is used as money (how many shops and individual sellers accept it as a means of payment?). Based on this, I say that bitcoin is not money, but an investment asset.

What is our life? - a game! You have the right to call it whatever you want.

Some even compare investing in cryptocurrencies to gambling. Frankly, there is something similar in this.

It's quite interesting to see how you've been able to pass a vast information just with little lines. The entire game ideology makes this very interesting, just like the Jumanji game where you try to survive. Volatility leading to upward and downward price movements has a big say in who makes profit and who makes lose in regards to how the rules are been followed. Following the rules teaches you the basics to surviving and not incurring heavy losses from the market's volatility.

This seems to be a case of downgrading Bitcoin. Bitcoin isn't a mere financial game. You may use that reference to Wall Street and their products and whatever they do there, but it probably isn't the case with Bitcoin. In the first place, Bitcoin itself isn't volatile. It's the fiat value that is attached to Bitcoin that is volatile. Bitcoin isn't its price.

If we talk of Bitcoin strictly, it's far from volatile. Its protocol isn't unpredictable. Its rules don't suddenly change every now and then. You may, however, use this reference to fiat.

Game Theory is real. Didn’t Michael Saylor just refer to Bitcoin as a game where whoever gets the most wins? While I don’t advise anyone to live their life this way, there is certainly no shortage of people who view their net worth as their score for the game of life. I think you should probably take your finances more seriously, but to each their own.