Topic: ADVANTAGES OF INVESTMENT USING BITCOIN - page 5. (Read 1169 times)

the advantage of bitcoin to be used as an investment can be in the long run and the results of the investment are enormous, therefore most investors are more fond of and bitcoin is one of the coins that is relied on by many people

I think that the main 2 advantages that are the basis for choosing bitcoin as an investment are Bitcoin Security Factors and Can Be Used As Savings.
I only need these reasons to choose bitcoin instead of dollar and euro in the bank.

Reading the above i am wondering why governments are still unreceptive to the solutions offered by the crypto technology. I guess some people refuse to evolve. Good post, waiting for more of it.

Yeah....this is very important to people who will only see the opening of a wallet as the only thing to it just like the ops post talked as the advantage of investing with bitcoin by having access to opening it by yourself without third party and other data disclosure like with banks.

For the wallet, the only safety mechanism it has ,is just you. You lose it, no third party retrieval.

I see lot of Easy Easy Easy words in your post but I am sure it is not that EASY to work with bitcoin if you are soft heart or emotional investors. And I am mentioning this one specifically because most of the people around here are investing into the bitcoin in right ways and by using proper strategies but they are not really doing it in straight forward way, instead of that they are doing it by emotional ways. Yes, thats the worst way of investing your money into the bitcoin.

Yes, you wrote nice strategies here but people need to know more than that, they must not be attached with the investment too frankly. They should just let the time work on it and must not get depressed whenever the time is not right enough to give them profits.

I will add, how long there is storing bitcoin, for example 1-5 years, then the tax will not increase every year. or not taxed at all. so the profit obtained is 100% without tax.

well,let me do it for you.Like every investment, Bitcoin carries certain risks.

1. High volatility

The price of Bitcoin is highly volatile. Typical 30-day volatility is around 40 percent and 90-day volatility is close to 70 percent. These swings in value are hard to stomach for many people. Although the cryptocurrency has an upward trend, it's still risky.

Good currencies have low volatility, as owning unstable currency or accepting it as a form of payment becomes too risky.

2. Government regulations

If the government decides to declare owning Bitcoin illegal, you may find yourself in trouble. Currently, the government’s stance on cryptocurrencies is not clear and the danger is real as Bitcoin is not taxed. This is somewhat of a competition to government-issued currency. Other regulations could also make Bitcoin less attractive.

3. Competition

Other cryptocurrencies could make Bitcoin a thing of the past. Offering faster transactions, complete anonymity, storage space and other improvements could lead to lower market share for Bitcoin. If we consider the high quality of emerging cryptocurrencies, this scenario seems pretty plausible.

4. Security of services/products

In order to use Bitcoin you need wallets, exchanges, payment processors, etc. Not all of these services have perfect security and if your funds are stolen, all you can do is to hope your service provider will be kind enough to give you a refund.

Mt. Gox, where thousands of users were left without their funds after a big hacking attack, is the worst example of this.

5. No safety mechanisms

Bitcoin has no safety mechanisms. Typically, you'll get a private key or random words which protect your wallet. If you lose your key, your funds will be gone with it. There's no support to contact, no way to change the password, and no way you could verify your identity to get your account back. When it's gone - it's gone, there's nothing anyone can do.

For me it is simple enough that the advantage that I could get from Bitcoin is having a lot of gains in a short amount of time. And by doing it secretly of course.

I believe in btc that it has an advantage that people should have to consider especially now that btc is very low in price. With this, it would be an advantage to do buying this time with more btc since when it will recover soon and make a huge pump, then definitely you will be rewarded of a good return of investment. The most awaited time is the last quarter of this year where btc is expected to make a big rally due to the expected bullish run that may take place in the coming months.

You're totally right, but he's obviously referring to mobile wallet clients or some other web based service since most rookies always go for these at the start of their journey. In other words, OP, if you read this, please point out that you are referring to third party clients and wallet services in that specific case. Perhaps it's also good to point out that it's way better if people use wallet clients that generate private keys locally instead of having a third party do it for you.

Let's help him improve where needed.

I like his attempt to at least point out some technical advantages instead of being solely focused on the speculative side.

Wow! I like it. It's helping me for more interesting in Bitcoin. I'm a new Investor. Recently, I invest cryptocurrency market.

What? Bitcoin account has nothing to do with email address. All you need is a device to generate the private key and there you have it. It doesn't even require an internet access to make one.

It's not very difficult, it's practically impossible to "hack" Bitcoin. You can alter the whole network by gaining more than 50% of the network hash, but it'll require so much energy and money.

Yes, an investment in Bitcoin has many advantages. I would like to add one more. Bitcoin has lower risk of inflation as compared to fiat. Since all the currencies in the world are controlled by the respective governments, they can print more money which can cause fluctuation in the value of a currency. The amount of currency increases and the value goes down thereby causing inflation. This is not the case with decentralized cryptocurrencies.

Because the risk that we will realize by itself after the wrong step, it is very big that Bitcoin's potential to grow more in the future, with the current condition is not a reason to lose first, but a good opportunity to buy at a low price from a presentation of more prices as high as last year, don't worry if someone holds on to the long term, the future of cryptocurrency will be very good because it develops, everyone has realized that risk always exists in every life, especially in investments related to money.

Well, no business has zero risk, every business does and so is Bitcoin. I believe anyone who wants to invest in it,  should be prepared for that.  So don't expect making quick money from it.  Many investors who rush into investing in Bitcoin must have heard numerous stories on how some people made it big,  but they don't understand that it was patient that caused that success. The potential of making it from investing in Bitcoin is there,  but steadfastness is required. 

The main reason behind investing in bitcoin and other cryoto currencies would certainly be for profits. Everyone us into it to get a minimum turn over with a decent investment. Crypto platform is being one of the best platforms to earn. Many have enhanced their lifestyle with crypto earnings. Try to gather as many coins as you can now as every coin's value is cheaper than last year. So invest as much you can to see a good turn over.

from top to bottom you only discuss the benefits, why don't you mention the risks too. so that people who read can know this investment better.

Yep, it can really give you a lot of gains without even doing anything if you try to invest in something using Bitcoin, but if Bitcoin went down it would also affect you investments.

1. Advantages of Bitcoin Investment: Bitcoin Security Factors
 Bitcoin is very difficult to fake by other parties. Besides that, every Bitcoin that exists and every transaction made will be recorded on the Blockchain. This makes it possible to know the amount of Bitcoin and transactions that have been made.

2. Excess Investment of Bitcoin: Can Be Used As Savings
Bitcon is a form of savings as well as investment that has a simple and no hassle system. Bitcoin value has the potential to continue to rise from year to year and can be a very profitable investment tool. However, you still have to be aware of the high risk of Bitcoin. Because, it is not impossible you can suffer losses from investments made.

3. Advantages of Bitcoin Investment: Bitcoin is Easy to Use
The ease of use because of its world-recognized and digital nature. When you want to transfer money, you only need a Bitcoin Wallet or Wallet that you can make easily.
4. Advantages of Bitcoin Investment: Pure Bitcoin Value Based on Market Law
Market law reads, when an item / service experiences an increase in demand, while the supply of goods is fixed, the price of goods will increase. Likewise, when the number of bids is higher than the number of requests, the price will decrease.
5. Advantages of Bitcoin Investment: No Party Can Intervene in Bitcoin
The thing you need to understand next is Bitcoin using a decentralized system. This means that there is no party to regulate it, because all parties can participate in the process.
6. Advantages of Bitcoin Investment: Bitcoin is Easy to Carry Easily and Safely
Because it has no form and is a virtual currency, you can carry whatever amount of Bitcoin you have. In addition, you can still feel safe from a potentially disturbing crime during your trip.

7. Advantages of Bitcoin Investment: All you need to do is enter an email address and right away you can get a Bitcoin account. This convenience allows you to have many Bitcoin accounts with different ownership names.
8. Excess of Bitcoin Investment: Secrets to Maintain
The thing that makes your secrets more awake because when you make a Bitcoin address, you don't need to use your real name or residential address.
In this way you can create a Bitcoin account and keep the account owner confidential.

9. Advantages of Bitcoin Investment: You Can Use to Pay Transactions
The last advantage that you can get when investing in Bitcoin is the ease of making payments for every transaction made. Merchants that provide Bitcoin acceptance services have spread throughout Indonesia and the world. However, you must really ensure that the merchant accepts payments using Bitcoin.