One of the reasons is halving and we know that every year the bitcoins value are rising and since halving is near it would be much bigger uptrend we might see by next year. That's why the it jumps from 7k to 9k.
And best strategy is to accumulate more bitcoin and for sure we will get a big profit and what if the value of bitcoin will rise above the ATH.
Topic: 5 Reasons why I am buying Bitcoin!! - page 3. (Read 1211 times)
Today I have more confidence, for example, in ethereum and other coins, which look very promising and have every chance for further practical use in every person’s daily life. But nevertheless, I almost every month invest a certain amount of money in Bitcoin, too, because most likely I am subject to the universal charm of Bitcoin, which nevertheless inspires me with Great Expectations and confidence in future prospects. Although I really cannot explain my actions in any other way than hope.
It is obvious that Blockchain technology would hardly have become as widely known and is being evaluated for as many purposes as it is today. The Bitcoin and the enthusiasm that has developed around it, has certainly contributed to the development of the digital world of tomorrow, including the use of the technology in the traditional money business and whatever else may come.
However, as a investor i am buying bitcoin for only a reason that you mentioned at first, after a halving when the reward is cut in half and therefore Bitcoin becomes twice as expensive to produce, the premium put on the price is driven by the miners. This leads to increased demand with less supply, and it drives up the price for holders. outsiders see this and become interested and enter the space, understand what Bitcoin really is, and drives expectations of much higher prices. This is the cycle we see playing out since 2010, and In my opinion won't stop until Bitcoin can no longer be purchased with fiat.
However, as a investor i am buying bitcoin for only a reason that you mentioned at first, after a halving when the reward is cut in half and therefore Bitcoin becomes twice as expensive to produce, the premium put on the price is driven by the miners. This leads to increased demand with less supply, and it drives up the price for holders. outsiders see this and become interested and enter the space, understand what Bitcoin really is, and drives expectations of much higher prices. This is the cycle we see playing out since 2010, and In my opinion won't stop until Bitcoin can no longer be purchased with fiat.
Bitcoin is a new currency that can solve problems on paper money. On the other hand, when viewed in terms of investment, Bitcoin is very promising when compared to other instruments. So I don't think it's surprising that there are currently many people who start buying Bitcoin for investment purposes or just use it as a transaction tool.
I also have one reason to buy bitcoin.
And this is the worldwide acceptance of bitcoin as payment for transactions and become the No. 1 global currency!
And here we can see why bitcoin needs to hold today. We are in an age of adoption of modern technologies where our tools give us the convenience to facilitate our work. And it is not uncommon that our money holdings will change with this emerging technology as well. And this is bitcoin!
Golds, Silvers / USD, Euro / Bitcoin, Ethereum
And this is the worldwide acceptance of bitcoin as payment for transactions and become the No. 1 global currency!
And here we can see why bitcoin needs to hold today. We are in an age of adoption of modern technologies where our tools give us the convenience to facilitate our work. And it is not uncommon that our money holdings will change with this emerging technology as well. And this is bitcoin!
Golds, Silvers / USD, Euro / Bitcoin, Ethereum
I'm bullish on bitcoin,Because the number of releases is constant。And has been recognized by countries around the world.Prices are expected to rise in the future.
So in a nutshell that what it was, I never mentioned it before because I wanted no spoilers and I wanted people but pro and amateurs to read it. The experienced folks will think its a waste of time because they know about these things already but I can use your input on adding other reasons. For the newbies, this is good stuff.
Is it?
Those are basics.
It was reported all over social media and even the local news. What else could be new that would push someone to buy bitcoin?
Yes the halving is the first one.
But the other reason that you listed might be the vice versa of it.
Those are the reasons that bitcoin analysts are spreading FUD instead of becoming the stronger supporter.
If we really want a full growth in price for bitcoin, we all need to start accepting it for payment, there is need for it to be integrated in our payment life, and we need to have so many merchants that will also encourage people to use their bitcoin to buy things so that there can be demands for bitcoin which we know that it is demand that really controls the value of bitcoin.
People are more than happy to accept Bitcoin, but they aren't as happy to spend their coins, which I can't blame them for because it's far more rewarding to sit on your coins than to spend them.I'm sure that most people have had a situation at least once where they spent their coins to later see the price quadruple not long after.... those who have very likely won't be spending their coins again.
Bitcoin being a store of value is where most of the value will come from. Gold is a store of value too, and that while the industrial demand for it has decreased a lot because of the high price.
I only have a few reasons to buy Bitcoin and save it. but in my opinion this is a strong reason.
- bitcoin technology is a system that has not been hacked to date.
- crypto is the future of the financial system and asset store.
- support from friends, that investing in bitcoin does not give me a loss.
and all of that is real, I know bitcoin in 2014, today everything has happened, the price is at a 4x level increase from the beginning I bought bitcoin. and still holds it today.
- bitcoin technology is a system that has not been hacked to date.
- crypto is the future of the financial system and asset store.
- support from friends, that investing in bitcoin does not give me a loss.
and all of that is real, I know bitcoin in 2014, today everything has happened, the price is at a 4x level increase from the beginning I bought bitcoin. and still holds it today.
I am buying bitcoin to use bitcoin for use in my real life.Also holdin few amounts for long term. I use bitcoin to refill my mobile balance,Online gift card like google play,iTunes.few days ago bought a smartphone using bitcoin.Bought it from my friend because in our country bitcoin is illegal.Also sometime I hire freelancer for my work. I have many reasons why i am buying bitcoin and using it,that i cannot share in one post.
Now that you have already appreciate Bitcoin, you can certainly justify how it could possibly change in our future. We know everyone has the reason why they buy and hold Bitcoin but there is one thing than brings them in, this is just because of money returns and also too simplified our workloads.If we are seeing this one as a reason, it couldn't bring us being disappointed in every price fall but rather to take the opportunity of buying more for the future.
I am buying bitcoin to use bitcoin for use in my real life.Also holdin few amounts for long term. I use bitcoin to refill my mobile balance,Online gift card like google play,iTunes.few days ago bought a smartphone using bitcoin.Bought it from my friend because in our country bitcoin is illegal.Also sometime I hire freelancer for my work. I have many reasons why i am buying bitcoin and using it,that i cannot share in one post.
I am very happy to know that bitcoin is very useful for you. It turns out that a lot of your needs using bitcoin, though
in your country bitcoin is illegal. But I am proud of you even though your country is illegal but you still want to use bitcoin
bitcoin for use in real life. You are an example of people who think bitcoin is beneficial for life humans. I hope you can also
enjoy future profits with hold bitcoin for long-term investment. I personally buy bitcoin just because I believe the price of
bitcoin in the future will go up very high, so from now on start collecting bitcoin little by little. And I will hold the bitcoin that
I have for 5 years.
I am buying bitcoin to use bitcoin for use in my real life.Also holdin few amounts for long term. I use bitcoin to refill my mobile balance,Online gift card like google play,iTunes.few days ago bought a smartphone using bitcoin.Bought it from my friend because in our country bitcoin is illegal.Also sometime I hire freelancer for my work. I have many reasons why i am buying bitcoin and using it,that i cannot share in one post.
I am very happy to know that bitcoin is very useful for you. It turns out that a lot of your needs using bitcoin, though
in your country bitcoin is illegal. But I am proud of you even though your country is illegal but you still want to use bitcoin
bitcoin for use in real life. You are an example of people who think bitcoin is beneficial for life humans. I hope you can also
enjoy future profits with hold bitcoin for long-term investment. I personally buy bitcoin just because I believe the price of
bitcoin in the future will go up very high, so from now on start collecting bitcoin little by little. And I will hold the bitcoin that
I have for 5 years.
I am buying bitcoin to use bitcoin for use in my real life.Also holdin few amounts for long term. I use bitcoin to refill my mobile balance,Online gift card like google play,iTunes.few days ago bought a smartphone using bitcoin.Bought it from my friend because in our country bitcoin is illegal.Also sometime I hire freelancer for my work. I have many reasons why i am buying bitcoin and using it,that i cannot share in one post.
I went with the disagree, it will go lower and then blow up later option. I'm not completely positive it will go much lower, but either way, it's going to blow up in price somewhere around the halving. Either shortly before, or right after the halving. If you bought in now, you'll be just fine. There's still plenty of meat left on that bone to chew on for the next few years.
I hope things go as you have mentioned because it's been a while since we have seen a pump and a possible pump would boost up the market and bitcoin halving will be the game changer if things go well and it will pool in new investors and squeeze out more investment from the existing users if we see some signs of price increase.
That's right. We just need to buy more or invest more now since the bitcoin price was meanwhile dropped too much so that we can be able to earn some profit when the price rises again and that's reasons are very real and many people just need to know that and adopt it as well. Real crypto enthusiasts will understand the crypto market situation if you are not invested you might regret soon and it is really hard to jump in when the price is high. So, be ready if you believe that there is next halving.
I think this isn't an up to date analysis, not even up to the mark also, all these reasons are well known by the people of this platform so you haven't started any new things here, just waste of time, nothing else. I think Bitcoin is halving will not come to any regular basis so it doesn't make any sense, how could you analysis of this thing that Bitcoin halving comes on a certain time of period? is there any proper or concrete reason for this cycle? I don't think so. Yes, you can buy except these reasons because Bitcoin is very potential for the purpose, Bitcoin holding will bring you a good amount of profit so it doesn't require any other reasons.
This is my top 5 reasons why I am buying bitcoin:
1. Because it is decentralized and I can do whatever I want.
2. Bitcoin for me is still undervalued and I am confident that this current price will be multiplied in the future.
3. Bitcoin is easier and less hassle than scam banks and other financial forms.
4. Bitcoin as a decentralized form cannot be controlled by the banks and the governments.
5. Bitcoin supply is fixed unlike the unlimited paper fiat money generated by banks and governments.
1. Because it is decentralized and I can do whatever I want.
2. Bitcoin for me is still undervalued and I am confident that this current price will be multiplied in the future.
3. Bitcoin is easier and less hassle than scam banks and other financial forms.
4. Bitcoin as a decentralized form cannot be controlled by the banks and the governments.
5. Bitcoin supply is fixed unlike the unlimited paper fiat money generated by banks and governments.
These are some good reasons right here. We have to be careful though because bitcoin poses a direct threat to the big institutions and world governments. The governments need to have control and visibility. Thats why there is a chance if it being killed. There is a secret war on bitcoin and Crypto currency. As I mention this I realize that I have been itching to write my next article titled "The secret war against Bitcoin" where I expose all thats discretely going on.
If we really want a full growth in price for bitcoin, we all need to start accepting it for payment, there is need for it to be integrated in our payment life, and we need to have so many merchants that will also encourage people to use their bitcoin to buy things so that there can be demands for bitcoin which we know that it is demand that really controls the value of bitcoin.
People are more than happy to accept Bitcoin, but they aren't as happy to spend their coins, which I can't blame them for because it's far more rewarding to sit on your coins than to spend them.I'm sure that most people have had a situation at least once where they spent their coins to later see the price quadruple not long after.... those who have very likely won't be spending their coins again.
Bitcoin being a store of value is where most of the value will come from. Gold is a store of value too, and that while the industrial demand for it has decreased a lot because of the high price.
I went with the disagree, it will go lower and then blow up later option. I'm not completely positive it will go much lower, but either way, it's going to blow up in price somewhere around the halving. Either shortly before, or right after the halving. If you bought in now, you'll be just fine. There's still plenty of meat left on that bone to chew on for the next few years.
I hope things go as you have mentioned because it's been a while since we have seen a pump and a possible pump would boost up the market and bitcoin halving will be the game changer if things go well and it will pool in new investors and squeeze out more investment from the existing users if we see some signs of price increase.
I went with the disagree, it will go lower and then blow up later option. I'm not completely positive it will go much lower, but either way, it's going to blow up in price somewhere around the halving. Either shortly before, or right after the halving. If you bought in now, you'll be just fine. There's still plenty of meat left on that bone to chew on for the next few years.
I hope things go as you have mentioned because it's been a while since we have seen a pump and a possible pump would boost up the market and bitcoin halving will be the game changer if things go well and it will pool in new investors and squeeze out more investment from the existing users if we see some signs of price increase.
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