So you're thinking about investing in bitcoin?
Bitcoin (AKA Cancer-Pills) has become an investment bubble, with the complementary forces of human herd behavior, greed, fear of missing out, and a lack of understanding of past financial bubbles amplifying it.”
I needed convincing and reassurance that there is nothing rational about investing in crypto-currency. This is not the grievances of a technophobe. It’s not backwards to think that a history of economic and financial experience shouldn’t be thrown out the window because now we can move money and data with our fingertips using apps on our smartphones. The ideology behind crypto-currency is real.
If you think its going to liberate how money flows in the world, think again. The technology, like block-chain, that makes the flowing of crypto-currency a reality, might actually be useful. But for other things. Only time and labor will tell.
SO YOU'RE THINKING ABOUT INVESTING IN BITCOIN?
DON’T BE A FOOL.
The reason why is that it’s not an investment; just as gold, tulip bulbs, Beanie Babies, and rare baseball cards are also not investments. THESE ARE ALL THINGS THAT PEOPLE HAVE BOUGHT IN THE PAST, DRIVING THEM TO ABSURD PRICES, NOT BECAUSE THEY DID ANYTHING USEFUL OR PRODUCED MONEY OR HAD SOCIAL VALUE, but solely because people thought they could sell them on to someone else for more money in the future.
INVESTING means buying an asset that actually creates products, services or cash flow, such as a profitable business or a rent-able piece of real estate, for an extended period of time. An investment is something that has intrinsic value – that is, it would be worth owning from a financial perspective, even if you could never sell it.
So is steemit an investment?
yes steemit is better opation .
What is an opation?
This whole thing about blockchain tech and cryptocurrency is actually about global wealth re-distribution, eventually. Those of us already doing well there are the truly potentially rich people of the world.
I believe bitcoin to be an investment as well as a working product that is simply still in development and needs to be given a bit more time to serve its full utility.
Its had enough time and enough of people money to develop i think it time people started demanding lower fees and faster blocks. Over 200 billion market cap and the best they can come up with is forks and a promise of lighting network and theres no guarantee that will work or reduce the fees.
If someone does not want to invest in Bitcoin, GREAT! More for us!
https://steemit.com/crypto/@keepinitreal/what-crypto-are-you-holding-non-promotion-poll
Hey I was wondering if you could take a look at my account and give me a few pointers or some criticism. I would really appreciate it.
Nobody wants to invest in bitcoin anymore, not so lucrative maybe if it crashed again to lower it's prices then fine, but nobody has money to blow and second mortgages to take out and lose investments for bitcoin to be lucrative. At this point investing a couple hundred dollars is not even enough. So your telling me i have to be a big baller already to invest in bitcoin? GET THE FUCK OUT OF HERE! im sticking to Altcoins rather people like it or not
Absolutely it is an investment and a tool. It has a use. It can be used to purchase other products and services and also to speculate on its performance in the overall crypto market.
I honor that you have some opinion that is not mainstream. However, while you use the right arguments, you use them for the wrong side. If you buy apple shares, you are not buying something that does have a value. At least not the one everyone claims it does have. There are way better producer on the market doing a better performance. You're also investing in the people behind, the infrastructure they have, maybe even the "believe" of people in getting a superior product.
Nothing else is what you do, when you invest in bitcoins. Its not a product, its an idea that is used to get access to other block chain technologies. And it does have draw backs for sure. But it is widely accepted solution for most people.