I love when specialists say Bitcoin is not an investment
They say it is not an investment because "it has no yield".
Really?!
I know many people who got rich without investing then.
Actually, investing is the same thing as speculating. So whatever you've sold more expensive than you've bought is an investment.
Stocks or currencies, doesn't matter; at the end of the day, it's all about speculating on a future higher price given by human interaction.
Don't pay attention to specialists on mainstream media, they don't undertand Bitcoin. They see it as an internet diversion.
While what we are witnessing is a monetary shift. Keep that in mind.
School books will have to be rewritten for this.
You could look on it like an invetment but in my opinion it's not healty. I prefer to look at Bitcoin as my private bank, where i keep some of my savings in case of banking system collapse or my gov decide to take my money or other scenarios that can happend and there will be nothing i can do about. It's just reasonable to do so.
If you think about Bitcoin as investment you will check the price all the time and get nervous every time price stop droping 10%+ If you treat it as a bank where you store % of you weath, you don't care if price drops 10% on a single day.
That's nervous part is not true if you are a long term holder. I've been through many "bitcoin is dead" moments, and I don't panic because I believe in a 5 or 6 digit Bitcoin price.
As long as people undersday what they are buying there are going to be fine. All this people who think they gona be rich overnight, well... they will lose money. Bitcoin is pretty much alive. We have problems to solve but we have them only becase so many people see potencial in this technology. And about price i think we gona see $10-30k per BTC in next 4 years if we mange to solve current scaling problems.
Agree!