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Topic: 5 Reasons why I am buying Bitcoin!! - page 7. (Read 1211 times)

sr. member
Activity: 1330
Merit: 326
October 01, 2019, 09:47:23 AM
#34
I have got a chance to visit the site and read your own article. Nice content you got there, but it is hard to read it from my phone. The format isn't convenient to reas, all the texts is just on the right side making it too long to read even if it is just one paragraph.

Overall, I agree your 5 reasons of why to buy bitcoin. I find it very interesting about the upcoming bitcoin halving event next year. Majority of us are waiting for that moment because the demand and supply will gonna be affectes resulting to price increase.
newbie
Activity: 16
Merit: 0
October 01, 2019, 09:43:37 AM
#33
ATMs don't make the price go up. They allow people to buy much easier but the ATM volume is still very low if you compare it to exchanges.  

Trump could be talking about Bitcoin but he wasn't complimenting it. If anybody thought about buying Bitcoin for the first time they wouldn't do it after hearing what Trump had to say.

Halving is a good point but it can be this first time when it doesn't start a rally because people are waiting for it.

With those points I made you have to look at them with an open/clear mind thinking outside of the box.
The ATMs are rapidly growing and this will make bitcoin more accessible to people who have more difficulty buying bitcoins online. You don't need an ID or address or KYC or NOTHING to use it and buy with just cash. I tried it my self. It was instant. It also means that the Infastructure and the demand is growing...so the growth and demand vs something with very limited supply will hike up the price over time. (this also is better than local bitcoins and Paxful in terms of rates and convenience)

This brings me to Bitcoin halving, even if It does not shoot up the price this time like it always does, its still a win/win in my opinion because I know less coins will be produded afterwards and miners will have less to sell to the market.

As for President Trump and the Federal reserve -  them expressing concerns over Bitcoin and cryptos simply gives me confirmation that it poses a direct threat to their FIAT Currency which is backed by nothing. They will have to find a way soon enough to get onboard.. maybe kill bitcoin and make a new blockchain technology/coin that they will support but have more oversight/control.
legendary
Activity: 3178
Merit: 1128
October 01, 2019, 09:42:26 AM
#32
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.

If Facebook happen to be the one to introduce them to cryptocurrency through their own Libra advert, it means that they will get used to Facebook coin and seeing it like GOD of cryptocurrency as against the one of Bitcoin that should be forever recognized as king, so I fear that this little coin Facebook intends to create will be of a little threat to bitcoin existence.
member
Activity: 464
Merit: 10
October 01, 2019, 07:59:01 AM
#31
those are the reasons people can see it and its advantages. But how about decentralization and no one manages or develops bitcoin?
Don't you doubt that someday its value will be zero when the economy no longer wants to use bitcoin as the main tool in trading?
sr. member
Activity: 812
Merit: 262
October 01, 2019, 07:29:41 AM
#30
Hello Guys,
  First off I just want to say that I absolutely love this forum and its a great feeling knowing that I have somewhere that I can go discuss Bitcoin/Cryptos which other that are not completely clueless about what I am talking about. I value your expertise and I humble myself because I have been learning so much while I am here reading all these posts. With that being said, I made an article on 5 reasons why I am buying Bitcoin that I shared with the public. I know I am missing other good reasons in my article but if you have one then please share here or underneat the comments for people to see. I am no expert buy I believe the points that I made should have some substance to it. I know its a tough crowd here, this is my second time writing ever and the first article I got killed here. I almost gave up so please be gentle. https://goprimexbt.com/2019/09/28/5-reasons-why-i-am-buying-bitcoin/
Many people are using bitcoin and also the other cryptocurrency. We have different reasons why we should buy a bitcoin? Like other people said, this is not controlled by banks so we are not limited on using and withdrawing  money that we earn the money we work on. Bitcoin is a good thing to invest.Also, we are not controlled on using bitcoin because it is separated to the government.
sr. member
Activity: 635
Merit: 268
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September 30, 2019, 01:50:28 PM
#29
I have 4 reasons why I buy bitcoin:
1) It is not controlled by banks
2) No identity verification needed
3) No court in the world can take away my bitcoins unless I do it myself.
4) Bitcoin is a liquid asset - I can always sell a huge amount of bitcoins.
sr. member
Activity: 1526
Merit: 420
September 30, 2019, 12:02:56 PM
#28
There’s only one reason that I should keep my Bitcoins is that its better than fiat. Money has infinite supply and backed by nothing, Bitcoin has limited supply and can’t be faked and thats what I believe will drive its value.
hero member
Activity: 2744
Merit: 761
Burpaaa
September 30, 2019, 10:15:55 AM
#27
Imagine it's price before, how it grows in price and the many setbacks and FUD it receive but still here in the market moving. Bitcoin is indeed a good investment. Those years that it only cost a penny and its huge value now. We still have time to own bitcoin especially at it's rate knowing that soon it will be limited in supply and those who buys now and managed to hold it long will sure soon to benefit.
sr. member
Activity: 1484
Merit: 326
September 30, 2019, 09:33:47 AM
#26
you are smart. your choice to make bitcoin as investment is very good I myself consider bitcoin is a technology that will be very targeted in the future era. because the total supply is clear and limited and demand is certain to continue to increase the possibility of bitcoin value will always go up later will inevitably occur. all that is needed is patience and certainty before making an investment especially in bitcoin and realize this investment will require a long time with a lot of drama in it.
sr. member
Activity: 868
Merit: 257
September 30, 2019, 05:29:04 AM
#25
5 reasons why I am buying bitcoin,
The first one is I am buying bitcoin because I am saving bitcoin and wait until the bullish market comes so that I can earn more. The 2nd one is because cryptocurrency bitcoin is a good way of saving money because it may increase the volume or the price anytime, 3rd one is investing in to the bitcoin to earn more profit and funds. There are many ways why people are buying bitcoin, and this is my reason why I am buying bitcoin right now. It is better to buy bitcoin right now because the price of btc is very low so this the good time to buy those.
legendary
Activity: 2170
Merit: 1427
September 30, 2019, 08:01:43 AM
#25
Sorry but I have to burst the bubble for you that Libra has no effect on the price and it won't be the catalyst if that is what you are thinking.

There is another interesting view;

Libra being paired to Bitcoin on exchanges similar to how USDT and USDC are paired to Bitcoin. It will help to funnel in a whole new flood of capital we didn't have before. In essence, all people have to do is to connect their Libra wallet to Coinbase for example, and the whole KYC/AML procedure is completed in a super quick fashion.

If we ever see Libra become something like USDT and USDC, I'm pretty sure it will have a significant impact on the whole crypto market. It will also help reduce the impact of an implosion of USDT. I see many benefits here.
hero member
Activity: 2912
Merit: 556
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September 30, 2019, 12:35:43 AM
#24
I feel something missing on the article because you don't explain the reason you bought bitcoin. I think the reason can be like this:

1. I can make money from bitcoin.
2. I can get benefits from bitcoin by making bitcoin as my investment.
3. I can see bitcoin have a bright future.
4. You say you come from the stock market, so you might explain why you move into the bitcoin market.
5. I want to join with the next bull run like what I saw in 2017.

That is some example of why I buy bitcoin. And if you write that, I think that is about

But perhaps, I am wrong because I see that the reason is like something that why we do that thing.

At least, you know the reason why you buy bitcoin so you can continue to stay in the cryptocurrency. I apologize if I am wrong.
sr. member
Activity: 756
Merit: 251
September 29, 2019, 11:58:27 PM
#23
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.

Of the five reasons that you mentioned, points 1, 3, and 5 count to me as valid. The other two, namely: point number 2 and 4 are not significant reasons for me to buy more Bitcoin. The reasons? Well, powerful figures are always saying things and most of the time, they know little or nothing of it. With regard to your fourth point, it does not have anything to do with Bitcoin. It is a different story itself that is big and complicated enough to be settled within itself. The way it progresses though, it looks like we should not even be troubled by it. That might not see the light of day.
sr. member
Activity: 798
Merit: 258
September 29, 2019, 11:12:23 PM
#22
I'm buying Bitcoin because first I know it can provide us with Savings in the future, secondly, I can use it to send money here to our local country and also overseas. Third, I also use bitcoin to buy crypto's that I think has the potential to rise in the future such as Ethereum, Neo, and Eos. And the beauty of it is that we have an exchange here in our country that accepts bitcoin as payment for my monthly billings such as Electricity, Water, Internet, and Cable.
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
September 29, 2019, 10:44:49 PM
#21
Congratulations that you have something reason to have BTC, many person buy BTC without having personal reasons, they only follow others without have research first and when BTC get crash with price they start to complaint and yelling like kids.

But my in opinion reason 1-5 there is no strong reason that can influence people to buy Bitcoin.
member
Activity: 338
Merit: 10
StartFi
September 29, 2019, 09:07:38 PM
#20
Bitcoin is my priority and I don’t need any reason to buy bitcoin because I know its the top, but since I do trading I really have to look for some coins or tokens that can also give money to me every time I trade, and I will find the reason to have that coins on my wallet considering the risk.
90% of investors will hold more Bitcoin during this time because we do not know the trend of this market this year and a lot of big fluctuations have greatly affected investors. Most of the investors holding Bitcoin since the beginning of 2019 have had double profits and they don't have too much worry so choosing long-term investments will help them to earn higher profits. I often advise some of my friends to invest in the crypto market because this will be the future market and you can have financial freedom without anyone controlling it.
full member
Activity: 2128
Merit: 180
September 29, 2019, 06:13:20 PM
#19
Bitcoin is my priority and I don’t need any reason to buy bitcoin because I know its the top, but since I do trading I really have to look for some coins or tokens that can also give money to me every time I trade, and I will find the reason to have that coins on my wallet considering the risk.
hero member
Activity: 2170
Merit: 528
September 29, 2019, 05:59:00 PM
#18
ATMs don't make the price go up. They allow people to buy much easier but the ATM volume is still very low if you compare it to exchanges.  

Trump could be talking about Bitcoin but he wasn't complimenting it. If anybody thought about buying Bitcoin for the first time they wouldn't do it after hearing what Trump had to say.

Halving is a good point but it can be this first time when it doesn't start a rally because people are waiting for it.
full member
Activity: 994
Merit: 101
September 29, 2019, 05:54:45 PM
#17
Hello Guys,
  First off I just want to say that I absolutely love this forum and its a great feeling knowing that I have somewhere that I can go discuss Bitcoin/Cryptos which other that are not completely clueless about what I am talking about. I value your expertise and I humble myself because I have been learning so much while I am here reading all these posts. With that being said, I made an article on 5 reasons why I am buying Bitcoin that I shared with the public. I know I am missing other good reasons in my article but if you have one then please share here or underneat the comments for people to see. I am no expert buy I believe the points that I made should have some substance to it. I know its a tough crowd here, this is my second time writing ever and the first article I got killed here. I almost gave up so please be gentle. https://goprimexbt.com/2019/09/28/5-reasons-why-i-am-buying-bitcoin/

As a beginner you are doing great. But i think you can do more for your article with some more value able news/tips. You are good with your points but i really don't thing Facebook's Libra is good point to buy bitcoin. I understand that you are trying to say that if Facebook join blockchain then bitcoin price might be bump because Facebook is one of most popular and trust able social media network.

Well that's true but it's just a vibe nothing else. Bitcoin don't need that. Because it's already create their own market which is really huge. Every day bitcoin popularity is increasing. So no matter which big company create their own money it'll never stop bitcoin popularity.
legendary
Activity: 1526
Merit: 1179
September 29, 2019, 04:51:45 PM
#16
I have not thought about it yet because Bitcoin is still not a safe asset in this market but if Bitcoin is stable in the future, this is an investment that will help you a lot.
Let me get this straight.... by Bitcoin not being safe you are referring to its volatile nature? If so, then you should review your wording because some people may get a different idea and really think Bitcoin isn't safe to use or hold.

Now BTC is still very cheap and long-term investment will good profit returns over the next few years
Cheap in relation to what people think it might be worth in the distant future, but definitely not cheap today. I like to use the most recent exchange rate as metric to measure Bitcoin's 'true' value because that's what people pay for it.

People can say that Bitcoin is severely undervalued as much as they want, but if buyers don't agree with that, then it clearly isn't undervalued, neither do the sellers agree with that because they crash the price down.
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