Topic: Please, I urge you to buy bitcoin! - page 6. (Read 1472 times)

Bitcoin is never an easy investment. Its highly risky and if you are not responsible enough to secure your investment, you might end up losing all your coins in just a blink of an eye. Probably the reason why this makes very hard for regular investors to risk their funds with bitcoin. No one will be responsible of your own investment, so at least you should be highly knowledgeable about bitcoin at first before you decide to buy and hold bitcoin for long term investment.

Yes, 21 million bitcoins divided by 8 billion people equals 262,500 satoshis for each person. Here the millionaire billionaires own 30% and the remaining 70 percent is with you and all the small and big investors. Now if the whole world is aware of Bitcoin and ready to invest then the price of Bitcoin will be such that millionaires and billionaires will not be able to buy a single Bitcoin even if they want to. So imagine what the price of bitcoin would be if billionaires and millionaires couldn't afford to buy a bitcoin.

No one needs to convince anyone to get involve in this market. It is the prerogative of the user if he will buy some or not. Some are hesitant because they are not familiar how crypto works. It is not that they don't believe, but a lot don't know how to transact with crypto yet. So at the end of the day, it is up to the user if he will own some crypto or not. This is the good thing about this market, no one is oblige to take part in this market.

Hmm, that's dope bro 
I was just wondering what will happen when all people in the world have adopted Bitcoin and all have enough BTC. 
 
What will be next?...
 
Yeah, absolutely true that most of them are owned by centralized Exchanges like Binance etc., because if we look at the Binance hodle assets so there are many others exchanges. Those who have collateral with Binance and that too to do just liquidate swap. So if we look, your point fits perfectly with the fact that all this money does not belong to this entity or exchange, but it is the money of the people who are the holders of this money.

We have and are still trying to own it because Bitcoin is a currency that cannot be controlled by third parties. Wanting to use Bitcoin as a means of payment can be done easily. It can also be used as an investment asset.
With Bitcoin we get freedom because 21 million Bitcoins were created for everyone from various backgrounds.
Unfortunately, of the billions of people on this planet, there are still those who do not or are against this freedom.

Well Bitcoin has gone beyond the stage or level of begging people to invest many who know it worth has already taken a bold step and are already in custody of holding for Long term, time is coming when those who did not invest on BTC will cried out for missing the Golden opportunity, I see BTC as something that don't need advert good thing don't need much advert but dominate the market so is Bitcoin.

As is generally the case in life, there are always two opposing elements that always adorn the dynamics of life. Pros and cons will continue to occur in various aspects, a number of countries still prohibit the use of bitcoin as a means of payment, while in El Salvador Bitcoin is a legal means of payment.

For the Crypto community, Bitcoin is considered an alternative store of value because it does not have a direct correlation with the inflation rate, the level of investor confidence in Bitcoin is getting stronger because Blockchain Technology can have a positive impact on finance in the future. Despite investors' belief that the value of Bitcoin will be higher in the future, there are still many people who view Bitcoin cynically.

For sure the easiest way to do it is just to accumulate Bitcoin, there might be 21 million Bitcoins over all some members are telling that there might be enough for billions of people but for sure its not going to be cheap if Bitcoin already adapted to a lot of countries and people around the world, with the continue halving etc. It is surely going to be scarce because one people might easily be holding more than one Bitcoin, and there are whales out there that are holding a huge amount of it as well, which could be a thing in the future if they are going to continue holding.

Still, Bitcoin is still a huge risk even though we all believe in it, it still involved a huge risk, since its a speculative market, and the price is just driven by supply and demand meaning at any moment there will be a lot of volatility in the market if the market doesn't really have any kind of supporting asset. After a few years, Bitcoin might not exist anymore, and there might be a war putting Bitcoin price to zero we just can't predict the price movement so there will be risk in buying it. But it is high risk and high reward, so Dollar cost averaging it was just saving your Bitcoin for the future that might be worth someday in the future, we don't know if we might get lucky or not but in my opinion it's worth the investment.

I agree with this point in general, as it's truly a very reasonable average, so it's more of a matter of price of Bitcoin than of the need to divide Bitcoin beyond satoshis. However, sometimes we do have those very unfortunate periods when looking at satoshis can show that we may not have enough for everyone. Namely, we've seen the transaction fees spike recently. It's getting better now, but still, when one transaction costs you tens of thousands of sats, 262 thousand is suddenly not that much. We can hope that it won't be worth thousands of sats in the future, of course, but we do need to keep in mind that scalability remains a big issue.

Barely enough to pay the transaction fee. And it takes decades for everyone to get just one transaction confirmed.

Also the risk is what make some people not to beat Bitcoin investment, is not everybody that is ready to take the risk and also invest for a long period of time. You know is not really easy we should invest for almost or more than a year watching our money dumping and rising and we won’t touch it, so the problem is that some people are not ready to leave their money in there for a long period of time.


And this is why they always advise people to learn before investing, because from that learning you will know what are the objectives of what you want to do and you will know the investing will favor whether for a long time or short time. Though we all know that Bitcoin investment is always for people who are ready to invest for a long time, because that is the only you will get profit from the investment.

What a picture! I hope this is not photoshopped because doing a thing like that in a gathering where Janet Yellen is present, and not to mention the one that also looks official may not go well for those guys if it's truly official. Well, I wish them well.

However, I will never advise anyone against Bitcoin but as an investor of many years, I will always advise everyone to exercise caution. This is not because Bitcoin is not a good asset but the asset is nearing the zones it has never known before. For this, anything can happen, and the best way is to get prepared and be careful in the management of our portfolio. Bitcoin may still reach $100,000 and above, I don't doubt that, but when? That is the question we should be asking.

And what will it face to get to that level as challenges? People may say this or that but no one knows the future, particularly at this time that the price of the asset is high. I extremely advise caution.

Bitcoin is not a do or die, lucky for those who have stored a lot of bitcoin because it means massive profits in the future, but that does not mean that those who have no interest to buy bitcoin are unfortunate. For some people who have no urge to buy bitcoin, then there must be something wrong with bitcoin that they don’t feel investing, and let’s respect that. However, what works for us may not work for others. Even if they have seen how profitable bitcoin is, the fact that there is also high risk with losing in bitcoin, then most probably they just want to play safe and settle into low risk and low stressful investment.

We cannot denied the fact that we all never expect to see bitcoin getting to this far by now, with that, adoption for it still continues, we may not be able to convinced all, but when the majority are investors, others too will be directly motivated to engaged i to bitcoin and starts from somewhere, bitcoin is not what we have to force on the people, but instead, the people will see the relevance and benefit of making an investment and go for it at every cost, just as we are having already.

The classic picture. But I, to be honest, not buying Bitcoin now. After buying it below $20,000 it feels expensive to buy now. I'll wait for a better moment and focus on altcoins now. It may not come, but I'm satisfied with what I have currently.

Correct. and of course making bitcoin a scarce asset in the future because many people want to own bitcoin but the supply is limited.

So There's no mistaking it, bitcoin is freedom and to improve your finances in the future. However, many people have the misconception that BTC is a way to get rich quickly. That is wrong because investing in Bitcoin is a matter of patience because this asset cannot make you rich in a short time, but it keeps you all away from poverty due to fiat.

Investments in bitcoin are dynamic and elastic. So Bitcoin is still a high risk investment, we need to pay attention to this... So if you buy Bitcoin you have to be really careful and willing to lose, invest the amount of money you want to lose so that it doesn't become a problem in the future. This is also important to learn for those who immediately panic when Bitcoin goes down.

Time will come that those people doesn't know about it will get an idea about bitcoin since this scene is not hidden anymore, we can see a lot of people sharing some words about bitcoin on social media places and also there would be a person on neighborhood will open up some topics about it so for sure bitcoin would slowly reach to them. Imagine if those people will accumulate and lots of buy orders will done so for sure that those people who bought while the price is kinda reachable would lucky if the surge of demand will came. Also remember that there's only few supply compare to numbers of people in the world so provably that it will be huge in future and we can see the price of bitcoin will rise. So buy bitcoin now and hodl since this is best thing to do.

interesting answer 
but there are still so many people who do not have a slightest idea about what bitcoin is and what can be done with it.

A large part of that 8 billion population either doesn't know about Bitcoin, doesn't have access to it, is poor and can't buy any of it, or has some reason for not acquiring a portion of the 21 million pieces available, but despite that, the scarcity will stay and the price will keep increasing as the number of people willing to own a portion of a Bitcoin increase over time and this is going to happen because just like how you can't save a forest once it catches fire because it spreads very fast, no one can stop Bitcoin from spreading anymore.

Those who tried and are trying their best to stop the spread of Bitcoin and push it away from people aren't seeing much success because the popularity and craze for Bitcoin keeps increasing despite all the hurdles in its way.

Bitcoin investment is a part to financial freedom and anybody that joins the hodl will surely reap bountifully, because it's a store of value. It's however not possible for everybody to follow these part of financial prosperity when they hodl Bitcoin, so it's left for us that have seen it as an asset that it's value will keep increasing, and those that'll see in the future what we're seeing now.