axl2468 Posted November 30, 2018 Share Posted November 30, 2018 (edited) I mean, think about it. Bitcoin prices have remained stable and has not skyrocketed considerably since 2016-2017. Some experts are saying that the BTC bubble will pop soon. Less people are investing in bitcoin because the hype died out. Heck, Bitcoin mining is useless as an individual (using mining software as a replacement to ads is still a shady but effective alternative though) since almost no profit is made and has driven up the price of GPUs due to aspiring miners. Yet I still see people too hopeful for the future of Bitcoin (I know some people who think BTC will skyrocket again back to its highest prices in 2016-2017). Maybe it's time to stop thinking of bitcoin as an investment opportunity and just treat it as an actual currency? Just my opinions and thoughts. Edited November 30, 2018 by axl2468 Quote Link to comment https://slingbank.com/forums/topic/1769-am-i-the-only-one-that-thinks-people-are-a-little-too-hopeful-about-bitcoin/ Share on other sites More sharing options...
janie1984 Posted December 1, 2018 Share Posted December 1, 2018 I am not sure treating it as an actual currency is an option yet, it's limited to too few people and most businesses don't know how to handle it. Also, currency speculation and investment is a legitimate form of making money that people use but I wouldn't call it the smartest way to make money. If anything, the way bitcoin is being treated right now is pretty much on par with how people trade money- waiting to see if it gains or loses a few cents over the long run. Though with bitcoin, it has been thousands and that's not really the making of a stable currency or investment. Quote Link to comment https://slingbank.com/forums/topic/1769-am-i-the-only-one-that-thinks-people-are-a-little-too-hopeful-about-bitcoin/#findComment-2998 Share on other sites More sharing options...
JPK0007 Posted December 10, 2018 Share Posted December 10, 2018 Well, I don't think that any kind of Cryptocurrency, including Bitcoin, can be treated as a currency mainly due to the high volatility in its value. In regard to the optimism in the Bitcoin enthusiast in spite of the recent drop in its value, I would say that i also agree that Bitcoin will recover in the near future and it can still be a good investment option for people who are able to take the risk. However, some amount of caution is definitely required if you are planning to invest heavily in Bitcoins right now. Quote Link to comment https://slingbank.com/forums/topic/1769-am-i-the-only-one-that-thinks-people-are-a-little-too-hopeful-about-bitcoin/#findComment-3447 Share on other sites More sharing options...
Caguioa747 Posted January 4, 2019 Share Posted January 4, 2019 Not me, Because I treat bitcoin as a good way of investment. I started with cryptocurrency or especially with bitcoin when it's price is still around $3,000 and then after 3 months, it's price skyrocketed to $19,000. I gained a lot on bitcoin that even it's price is going lower now I still believe it will surpass it's current high record. Quote Link to comment https://slingbank.com/forums/topic/1769-am-i-the-only-one-that-thinks-people-are-a-little-too-hopeful-about-bitcoin/#findComment-3751 Share on other sites More sharing options...
axl2468 Posted January 4, 2019 Author Share Posted January 4, 2019 22 minutes ago, Caguioa747 said: Not me, Because I treat bitcoin as a good way of investment. I started with cryptocurrency or especially with bitcoin when it's price is still around $3,000 and then after 3 months, it's price skyrocketed to $19,000. I gained a lot on bitcoin that even it's price is going lower now I still believe it will surpass it's current high record. Eventually, you have to consider that the bubble will pop in any moment. That's why I don't invest much into bitcoin anymore and just use most of my money for buying bitcoin as a currency to pay for things online (plus, it's convenient for me). Quote Link to comment https://slingbank.com/forums/topic/1769-am-i-the-only-one-that-thinks-people-are-a-little-too-hopeful-about-bitcoin/#findComment-3759 Share on other sites More sharing options...
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