Yeah, but suppose BTC is trading at $50 for the last 10 years, hardly moving and nobody ever gives crap about it, would you still have invested? I don't think so. All that rationalization on why you invested means nothing in lieu of price appreciation. I wish everyone would just 'fess up: they're in this for (and only for) money.
Yeah that might be true. But part of the reason why Bitcoin is at the price it is today is because I bought it early. Without me, Bitcoin might be lower a few cents. And I bought not knowing if it's going to go up or down, because that was part of the risk I took. And I bought at a time when there was a bunch of FUD in the air and everyone was saying "Oh, look! Bitcoin is on a downward trend! Better sell now before it goes to zero!". So you can say that yes, I bought and helped Bitcoin get to where it is today, even though I had hopes of making a profit. It's because of small retail investors like me, that Bitcoin is where it is today.
I operate much the same way. What grabbed my attention first was the ability for lower economic communities to move beyond barter and local only transactions. I still believe that the peer to peer/bankless interface can transform these communities,even enable some to potentially break the cycle. And to agree with Schizo,as much as I would like to sound altruistic,I mainly see this as a high speed lane to greater adoption and therefore greater demand.
Thank you for the explanation. You are not guessing, you simply applying your logic to a probabilistic equation. What is troubling me, I am really "guessing", I cannot quantify my guesses and if/when my guesses stop working, I don't know how to fix something I can't quantify and cannot understand. That is my day trading dilemma.
Yes, and the fact that poor countries have another method of sending money to family and friends is another reason for me as well. I believe since the idea is out there, that there will probably be another crypto token that really will be annonymous that can get through government sanctions and be untraceable. But time will tell. I love the idea of being annonymous but I also don't like the idea of terrorist financing. I guess you can't have it both ways... Bitcoin pretty much is already adopted, same with Ether. All they can do from this point is grow.
Crypto is too complicated for me to understand, the new crypto lingo is out of this planet. All I know is it swings wildly huge amounts, that's all the incentive I need to get involved. I love it because it moves and has liquidity, not because I believe it has global merit to beat inflation or any other romantic tale. My trading focus is always on hottest stocks in hottest sectors and crypto meets that criteria.
Everything that you do in life is a gamble. There is a probability that you die in a wreck on the interstate every time that you drive your car. You could just have a long-term investor outlook, and just focus on your job and family, and save and contribute to your 401K retirement plan but then one day a mysterious virus from China hits and shuts down the world and crashes the market and it forms a chain reaction in which you are on the brink of losing everything.
I had a friend who was a sports odds maker in Vegas...I don't think he gambled. He was just very good with the odds. This was WAY back on the 1990s...
Good Morning Motivator, I do not think trading is gambling. I am not sure what trading is. I just do the best I can with what I have, and make money.