While a applaud your enthusiasm, investors are why we are having trouble with alt-currencies. The more people that invest in these things, the less that people that really need it can afford them.
speculators in currency, alt-currency, housing, etc, are what drive up the prices and leave people behind.
This is just my opinion, but bitcoin, steem, etc., shouldn't be invested in with the idea of making great profit. Things like this should be a way for people to get additional cash when they need it. It should be used to free people from the grip of the central banks.
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Hi @josephlwiess, I agree that to ONLY buy and hold Bitcoin in the long-term would cause a lack of adoption of other altcoins and would introduce a number of issues, but I think for the average person, bitcoin doesn't have much more of a use case than as an investment (because of slow transaction speed, etc., there are altcoins that make more sense as a decentralized payment system and additional altcoins/blockchains/nuchains [some unknown method similar to blockchains, such as hashgraphs or something else that will emerge soon, likely]).
Without the potential for profit, there isn't much incentive to utilize these payment systems other than the openness of the blockchain, the potential for greater security, and the ability to have a system outside of government control. I think the average person will give these things up if it means not introducing additional complexity, which currently is the case in the world of Crypto, ESPECIALLY because of the constant introduction of new coins, which, in reality, act as there own, implicit central banks (lets not pretend that 95% of altcoins aren't just printing their own money).
For example:
If you don't mind me asking, what's your thoughts on the way that investment should occur (if at all, not that ICOs could ever happen if investment didn't occur) within this realm? :)
and also, when you say it should be a way for people to get additional cash when they need it, do you mean that people should profit, just not too much (I just want to make sure I'm following what you mean correctly :) )? And, finally, who are the people that you consider to 'really need it'?
I would say that everyone needs it, higher priority being impoverished countries, especially those living under tyranny, who's money systems are manipulated even worse than the USD (and directly manipulated BY the USD system). :)
There is an old story about how the Stock Market used to work. "The stockmarket was not about gambling to win, nor was it about investing to make great sums of money. It was a place where a man could go to find other gentlemen, when he needed additional capital to build a new building, or buy new equipment, or for a large loan. These investments were set for a certain amount of time, and at the end of that time, the investor would get back his original payment of cash, plus a small interest payment."
But, that no longer describes the stock market. Now, it's more like a roulette wheel where you get rich quick or you drop the stocks.
As for ICO's, you get enough cash to cover your initial cost of proof, then you give it back, plus a small interest payment.
In my opinion, investments should be used to build something, not just to make money, or more money.
I don't think that the market will ever work that way. Too many are opportunistic. We have to play the game and beat them at it. Crypto is an avenue to beat the Central Banks at their own game since we beat them to the punch. Big money will do what it can to gain more and small money will do whatever it can to get big. I definitely agree that ICOs are about building and expanding the blockchain and its use cases/functionality, but every ICO that is successful is making overnight millionaires and investors are sometimes getting back less than their original investment, sometimes their initial investment plus a small amount, and other times many multiples of their initial investment. It has all been coming down to speculation on the importance of an ICO/Blockchain Product. What you're describing is more like loan structure which is what makes the Big Money stay rich, since they can grow by HUGE AMOUNTS if they just get 1% or so back from their investment. Power can't be taken from them if the average Joe with $1000 or less is only getting back 1% per year or even 10-20% per year. 1% on 100,000,000 is far greater than 1% on 1,000, an obvious but important point if you're advocating for people exiting coins after small returns.
I agree, but from what I've seen, speculation has created about 8 bubbles in the last 10 years, that popped, dropping the bottom out of whatever market it was affiliated with, first artificially inflating the price beyond what people could afford, then dropping it dangerously low, putting people out of work. Let's see: the housing bubble, the oil bubble, the solar bubble, etc. I just don't want the alt-currency market to be the next bubble to pop.
sure, i will
I think to hold Bitcoin/other alts, is essentially like making the best Chess move you can, putting the Government's manipulation of currency in Check, where if they try to take control by flooding the market with printed money, they are automatically empowering you by raising the price of your investment. Just my humble opinion of course. I fully agree that we want to take the power out of the hands of those who have been oppressing average people for hundreds of years! :)