5 Reasons why I am buying Bitcoin!! - page 5.

BitHodler

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Quote from: shield132 on October 17, 2019, 11:08:55 AM

On another hand don't look bitcoin as an investment option only and your reasons will skyrocket too because this coin offers cheap and secure transactions, also you are able to control your wallet without any 3rd online services.

Considering that most people don't remove their coins from the exchange they use, it's fair to conclude that they don't care about decentralization and secure transactions. They are here for the profits only.

I don't see much wrong with that.... it's their money so they can do with it whatever they want. Another benefit of that is the fact that you can have a more rational view of the market and where Bitcoin could be heading to in the future.

There are too many moon boys expecting the price to reach $1 million and up, which is ridiculous.

jamesndungu1

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Quote from: lobat999 on September 29, 2019, 06:15:25 AM

Aside from your list, maybe you could also include additional reasons to buy Bitcoin as stated by the CEO of Morgan Creek Capital Management - Mark Yusko, which boldly states that Bitcoin's fundamental indicators such as "network hash rate, transaction volume and a steady increase of wallets being created are in an upward trajectory" which also means that the "network value of Bitcoin is rising!"

If only I had the means to buy more BTC, then I should take any of these reasons listed as a means to justify why I should hold more BTC as much as I can and I'm sure others share the same sentiment with me too.

Source: https://cointelegraph.com/news/when-to-sell-bitcoin-never-mark-yusko-says-btc-like-amazon-stock

Trading in Bitcoin has been very beneficial for me mainly because Bitcoin is highly volatile which is very good for trading. In countries where the laws are flexible and bitcoin is not illegal/banned, such as mine, there are low entry barriers, which made venturing into this trade very easy for me. The most advantageous part of it all is that Bitcoin trading generates very high profits when compared to other conventional stocks. I plan to continue trading Bitcoin because I believe that cryptocurrencies are the future of the global economy.

ufaiz50

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My reason at the moment is buying bitcoin because I believe in halving in the near future. I think for bitcoin ATMs, figures, libra and volatility can indeed change the market, but I don't think it's that big. bitcoin ATMs only make fees even bigger, I used to use bitcoin ATMs so I already feel that the greater fees compared to us use exchangers. the value of bitcoin that is freaking can be an investment reason and a reason not to invest, you know, the risks and benefits are also great.

Your article is very good but, you also have to pay attention to adjust the image, the image that you paste is too big for the reader.

Meowth05

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Quote from: djselery on October 12, 2019, 12:01:32 PM

Bitcoin is always profitable and it is actually the safest cryptocurrency to invest and hold. The actual price isn't showing us the real potential of BTC because the whole crypto market is actually down, and recovering slowly. The price is predicted to go up highly with time and it will double during the few coming years.
And, as the actual price seems affordable for so many investors, it is a good time to buy BTC.

Indeed that is why I choose bitcoin to hold over to other coins because bitcoin has a potential and it will give a high return. Safest because I've already seen what bitcoin capable of, from 0-20K USD is the real thing this became a huge profit for me way back 2017. Besides, it has the biggest volume among cryptocurrency and it only means it won't get rid easily. Bitcoin is now becoming a trend, some business across the world are now accepting it as payment. The rise of bitcoin is inevitable hence you should buy now before it's too late.

shield132

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There are a lot of reasons to buy bitcoin, it just depends on person's needs. I understood the point of your post but bitcoin ATMs aren't strong side of it because currently there are so huge fees on almost every bitcoin ATM that it doesn't worth to use them and demand on their usage is very, very low, at least that's what I see.
On another hand don't look bitcoin as an investment option only and your reasons will skyrocket too because this coin offers cheap and secure transactions, also you are able to control your wallet without any 3rd online services.

mersal

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Quote from: djselery on October 12, 2019, 12:01:32 PM

Bitcoin is always profitable and it is actually the safest cryptocurrency to invest and hold. The actual price isn't showing us the real potential of BTC because the whole crypto market is actually down, and recovering slowly. The price is predicted to go up highly with time and it will double during the few coming years.
And, as the actual price seems affordable for so many investors, it is a good time to buy BTC.

Bitcoin is highly profitable which means most riskiest of any other investment so its like a double edged sword it may either give huge profits or loss.But until now most of the days for bitcoin is in green but many not utilized in the right manner so if you want to make profits you need to buy and sell at the right time for that you need to have patience to go through the red days also.

pawanjain

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Quote from: Goprimexbt on September 28, 2019, 01:07:51 PM

Quote from: Bttzed03 on September 28, 2019, 12:08:04 PM

uhmmm a piece of advice, please add more content into your post. Do not redirect us (readers) to your website for traffic before we can know what those five reasons are. Do it quickly because someone might report your post for low value.

Ok thank you for your input, I will unwillingly type the 5 topics for the reasons I had for buying Bitcoin.

1. I Listed Bitcoin Halving
2. I Mentioned all these Powerful Figures speaking out about Bitcoin (President Trump, Fed Chairman, and Jamie who is the Chairman for JPM and Chase)
3. I mentioned the recent reports on Bitcoin ATMs growth. And Included the chart with the data.
4. I mentioned Facebook Libra coin and some of the big institutions that are onboard.
5. I mentioned the current chart analysis of BTC/USD and how we should buy when everyone is in a panic.

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.

Another piece of advice is that you should present your points directly in points and not in active voice.
Also, instead of making another post, you could have simply updated your original post with these points in bullets so that when the users read your post they can easily catch the highlights of your post.

Katashi

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Quote from: BlacksmithCorporation on September 28, 2019, 02:46:52 PM

I think one more important factor is that currently less than 1% of the world's population owns bitcoin. Think about it, what happens when the rest of the world knows and wants to own bitcoin? I definitely want to hold btc.

This is one of best reason why i am buying bitcoin because i believe that in the next 10 or 20 years, more people will get involve in this ecosystem and government accept bitcoin so their citizen can use it on a daily basis. having at least 20% of population in the world that is using bitcoin will make the market crazy with so much hype.

BitHodler

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Quote from: djselery on October 12, 2019, 12:01:32 PM

And, as the actual price seems affordable for so many investors, it is a good time to buy BTC.

It's difficult to consider current prices affordable with how we are trending down. Sure, it's more affordable than the price was over $10k, but what if we go to $6k in the coming months? Current "affordable" price will look expensive.

You need a plan before buying Bitcoin, otherwise you will find yourself selling in panic whenever the price starts tanking. I always found dollar cost averaging to be one of the most noob friendly ways of investing in pretty much any asset class.

Historically speaking, dollar cost averaging has always been a profitable practice if you are building up a long term position. I have done the same throughout the years and it worked out extremely well.

Fredomago

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Quote from: djselery on October 12, 2019, 12:01:32 PM

Bitcoin is always profitable and it is actually the safest cryptocurrency to invest and hold. The actual price isn't showing us the real potential of BTC because the whole crypto market is actually down, and recovering slowly. The price is predicted to go up highly with time and it will double during the few coming years.
And, as the actual price seems affordable for so many investors, it is a good time to buy BTC.

Giving your trust to this system will bring good benefits in the long run, it's been a cycle for bitcoin to keeps bouncing up and down. The current situations will soon be change to a much better position since bitcoin still on the process of being use as how it should be intended to be. If more adoptions will follow we soon then to expect that the value will soar high and reach the last time peak or potentially will passed the last time ATH.
Investors who can afford to spare more money with this current price will enjoy after some years of holding this coin.

davinchi

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Quote from: djselery on October 12, 2019, 12:01:32 PM

Bitcoin is always profitable and it is actually the safest cryptocurrency to invest and hold. The actual price isn't showing us the real potential of BTC because the whole crypto market is actually down, and recovering slowly. The price is predicted to go up highly with time and it will double during the few coming years.
And, as the actual price seems affordable for so many investors, it is a good time to buy BTC.

The real potential of bitcoin is not showing because many people in crypto community are still not using bitcoin for peer to peer transactions as created, the day we are more of the peer to peer transaction of bitcoin is when the real potential of bitcoin will be shown which is what will also bring up the real value of bitcoin.

What is simply still just controlling the market right now is the activities from various investors and traders that has turned the market completely to where they just come to buy bitcoin at wholesale price and then sell at retail price for profit, bitcoin is not meant to serve as product for buying and selling alone, buy for payment of things in the internet and that is why it is the best option for internet payment which I think we need to really support more.

djselery

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Bitcoin is always profitable and it is actually the safest cryptocurrency to invest and hold. The actual price isn't showing us the real potential of BTC because the whole crypto market is actually down, and recovering slowly. The price is predicted to go up highly with time and it will double during the few coming years.
And, as the actual price seems affordable for so many investors, it is a good time to buy BTC.

Goprimexbt

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Its been 2 weeks now. Its been crazy and felt a lot longer. What have we learned during this period? Please lend your thoughts to the Poll just created. Thank you in advance.

supercanada1

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Quote from: doomloop on October 05, 2019, 07:08:58 AM

Quote from: d3nz on October 04, 2019, 12:24:43 PM

There are more reasons to buy bitcoin and how it will help people more. It is decentralized, Peer to peer, Price will go up by next year, and trusted cryptocurrency as of today even thou can control it.

That's why we need to accumulate more satoshi since the value of it could go up.

The most important thing is bitcoin can return good amounts, fairly big ones. IT all depends on the holder how he plays with his holdings. The longer someone keeps it, the more expensive it gets. Financial benefits has been the main reason why bitcoin got the biggest support from community. This was also the reason why people trusted other coins. People serious about their future must buy this digital asset.

Investing in profit is not a loser’s game at all. Bitcoin is the father of all currencies and we shall never doubt its capability of getting higher in prices in no times. Bitcoin is soon going to recover its prices and we shall at the moment support bitcoin because the more we hold and buy it, the more chances it has or recovery with great profit. Hold onto bitcoin as long as you can.

pieppiep

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Quote from: anume123 on October 05, 2019, 04:03:13 AM

Quote from: Freddy11 on October 03, 2019, 02:41:29 AM

I don’t need 5 reasons at all. I have 1 reason and that is that it’s a safe investment. I would rather use this instead of putting it in my bank, as with this you could gain much more without any trouble. But of course, if we try to be expensive, then it can get risky. However, I just prefer normal Crypto Trading, and it’s purely long term for me which helps with getting the kind of results I wish and this is very much enough as well.

Ofcourse there are still some time to invest in bitcoin so you can't imagine what will happen in bitcoin once you invest there are no reason to loss or not because it will cause a profit at the same time you will invest on it.

By investing in bitcoin, you will have the potential to make a bigger profit in the future. You can buy bitcoin at any price without thinking about how much the price will be because you want to use a long term investment. I see the link you gave us, and it seems that it is a margin trading, and I don't suggest people try margin trading if they aren't familiar because that will too risky for you to try.

It's better to buy bitcoin and then hold it if you don't have skill in trading than to risk your bitcoin to make the profit. But you should be aware of the volatility of bitcoin price because that thing will make people are afraid and not ready if they see the price is going down deeper. You should have the power to control yourself at that time, so you don't attract to sell your bitcoin.

doomloop

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Quote from: d3nz on October 04, 2019, 12:24:43 PM

There are more reasons to buy bitcoin and how it will help people more. It is decentralized, Peer to peer, Price will go up by next year, and trusted cryptocurrency as of today even thou can control it.

That's why we need to accumulate more satoshi since the value of it could go up.

The most important thing is bitcoin can return good amounts, fairly big ones. IT all depends on the holder how he plays with his holdings. The longer someone keeps it, the more expensive it gets. Financial benefits has been the main reason why bitcoin got the biggest support from community. This was also the reason why people trusted other coins. People serious about their future must buy this digital asset.

anume123

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Quote from: Freddy11 on October 03, 2019, 02:41:29 AM

I don’t need 5 reasons at all. I have 1 reason and that is that it’s a safe investment. I would rather use this instead of putting it in my bank, as with this you could gain much more without any trouble. But of course, if we try to be expensive, then it can get risky. However, I just prefer normal Crypto Trading, and it’s purely long term for me which helps with getting the kind of results I wish and this is very much enough as well.

Ofcourse there are still some time to invest in bitcoin so you can't imagine what will happen in bitcoin once you invest there are no reason to loss or not because it will cause a profit at the same time you will invest on it.

Best Dreams

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Quote from: MonsterV on October 02, 2019, 04:47:26 AM

Quote from: sana54210 on October 01, 2019, 09:42:26 AM

You have some valid points there but there is one point that I am not in agreement with, which is the Facebook coin, and I cannot seems to link it to why Facebook coin is motivating you to buy bitcoin, because I am not praying for this coin to survive, yes it will serve as speed for market cap of altcoins, but what of bitcoin, Facebook has millions of people that does not know what cryptocurrency is which means they know nothing about bitcoin.

Agree with you, that libra has nothing to do with bitcoin it's just that they are both cryptocurrency. Even the two coin systems are different where libra is centralized. And also libra can indeed be a bitcoin threat in future if Facebook pumps these coins on a large scale because they have billions of active users.

Yeah no doubt bitcoin is the best investment, it has high value in market people trust bitcoin the most because it is an old coin since long it is in market and mother of all coins. Bitcoin has best allot of investors it is having good scope in eyes of investors people found it profitable to hold. Right now the price is low so at low price we can buy double it has huge increasing ability.

ardentvolcanoes

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Quote from: Apaxy on October 04, 2019, 01:29:40 PM

1. According to all forecasts, the future of Bitcoin is very large and I hope that its price will exceed not only $ 20,000. 2. I hope that the problem of scaling will be solved and this will make it possible to use Bitcoin daily as a means of payment. 3. Bitcoin is becoming the most popular cryptocurrency in the whole world, and if the situation on the cryptocurrency market changes, then not only will Bitcoin's capitalization increase, but its price. 4. Trading Bitcoin futures will definitely strengthen Bitcoin prices and will greatly affect the entire cryptocurrency market. 5. Judging by certain news in the media, research is already underway for Big Business to use cryptocurrency to pay for its activities. This is the minimum reason to invest your money in Bitcoin.

Being precise from how you understand the potential of this coin will give you a clear stand supporting the future. Holding more assets and let things to happen along the way creates a better view point inside this investment currency. There's a lots of possible positive things to happen especially those big players from business sectors to enter and start bringing big money inside the market.
Once there's big company to start adopting the system more and more will follow, come to think if how far bitcoin investment will proceed.

abel1337

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Quote from: MonsterV on October 02, 2019, 04:47:26 AM

Quote from: sana54210 on October 01, 2019, 09:42:26 AM

You have some valid points there but there is one point that I am not in agreement with, which is the Facebook coin, and I cannot seems to link it to why Facebook coin is motivating you to buy bitcoin, because I am not praying for this coin to survive, yes it will serve as speed for market cap of altcoins, but what of bitcoin, Facebook has millions of people that does not know what cryptocurrency is which means they know nothing about bitcoin.

Agree with you, that libra has nothing to do with bitcoin it's just that they are both cryptocurrency. Even the two coin systems are different where libra is centralized. And also libra can indeed be a bitcoin threat in future if Facebook pumps these coins on a large scale because they have billions of active users.

There's no way it would be a competition to bitcoin! Even if Facebook does have billion of active users, It won't change the fact that it is an altcoin that feeds on bitcoin.

As you see libra now is somehow going down with its recent issue which is PayPal.

Read here: https://www.ft.com/content/6af11092-e5fd-11e9-9743-db5a370481bc

Topic: 5 Reasons why I am buying Bitcoin!! - page 5. (Read 1211 times)