Topic: Benefits of investing in Bitcoin (Read 445 times)

It's called a speculation and everybody is free to have a say but I get your point although don't be suprise when you wake up and see Bitcoin at $250k in 2025 and not even 2026 because 2026 is going to be a correction year and not a bull year.

Probably the earliest part of the year can be bullish as the rollover of 2025 bull markets enters the first quarter of 2026 but expect the rest of the year to be bearish. I try not to put a date to my prediction because Bitcoin has a way of always doing things as it please. When everyone were expecting it to hit $100k, it didn't but from no where we saw it happend right in front of our years. Bitcoin moving from $100k to $250k isn't that big of a ROI because we have seen Bitcoin do better numbers than just 150% increase.

I know, but if you could understand my statement there. I mean, Bitcoin can hit $250k, but not necessarily in 2026 as he mentioned.

That means I am well informed that bitcoin is capable of pumping but not that fast as he is thinking because in anything in life it needs time, and we all are hoping for profit, not loss. So I am not against what he said or am trying to say bitcoin cannot hit a certain amount but am against the time that he mentioned.

Never you say Bitcoin can't go to a particular price because everything is possible in the market but it's just the time when our speculations happens is what's slacking and not the actual speculations. We don't hope on seeing Bitcoin decrease but I won't be surprised to see the market correcting to below $20k in the upcoming bear market, we don't know how bad the market is going to be but it'll be bad. It sounds almost impossible for Bitcoin to fall that bad but nothing is impossible over here because just early this year we saw Bitcoin falling to some terrible lows yet it has still been able to achieve another milestone of over $100k. Some people when them dey speculate, then no dey even reason how the market be but just they talk wetin then dey wish and this gives rise to the over optimistic price prediction we always get.

If not for the sake of speculation, I will say both of you don’t know what you are saying. Although you are free to speculate about a good future for bitcoin, it is not that I am disputing the fact that bitcoin will not be able to hit $250k. No, but I don’t think that might happen in 2026. We all know that no matter how bitcoin dumps, it will never go back to $20k or $30k again, but for bitcoin to pump to $250k, then it should be around the next bull run, which is around 2028-2029. 
 
So even when we are trying to speculate on bitcoin, we should speculate on what we know will be possible, not something that is similar to greediness. Because for you to think if you buy a single bitcoin now that is around $103k and get 2x of your money in less than 2 years is not something that might be possible, because for you to have that hope, then you must have the same expectations of the same loss. That is just the fact.

Well,All the statements you made about adopting the DCA strategy in Bitcoin investment are correct, but what is required to invest in the DCA method is a source of income. Not only this investment method but all investment methods require a source of income. Investing in the DCA method may be easy for everyone because this method allows you to start investing with a small amount of money, but the challenge is to prolong the investment. Investors need a source of income to ensure that their investments continue after they start DCA, that is, so that their investments are not disrupted.

Many people start investing without being financially stable, which means that even if they can continue investing for a few days, they cannot sustain it for long. So invest with a source of income and grow it comfortably.

In fact, the main thing to start investing using the DCA strategy na to hold the investment for long, because if you no hold am for long, DCA no go work well. For DCA, you suppose just focus on buying for long term without worrying about market fluctuations, you suppose just buy without minding the market go up or down. All in all, if you invest with DCA, you just need to believe in the future of Bitcoin, and make investment decisions for 7 to 10 years. Because success from DCA go only come when you use DCA to buy Bitcoin regularly for 7 to 10 years and build a good Bitcoin stack. All in all, DCA na simple and effective long-term strategy, especially for people wey new to investing.

The DCA method is not really complicated for someone that wants to take his finances seriously. You just have to keep the funds and when the time is right you chuck on buy without emotions. The DCA method does not care about the price, this is one of the reasons Idaid it's easy and not complicated. The major job is in the ability to ignore the noise and distractions and buy without gread or listening to the voice that will tell you to wait that it will dip further.

Dollar Cost Averaging (DCA) may sound very easy to do when the concept is first been explained to anyone but the real fact about it is that it needs understanding before one can execute and be able to employ it when they’re investing. For a DCA to be successful, you need to have an emergency fund that you can rely on at anytime when an emergency arises. Taking from your already invested money in bitcoin will really affect the DCA you’ve used in buying those tokens. The DCA method is very much easy and when newbies are able to understand it and use it for their bitcoin investment, it will give them a good profit with a very much lower price than the highest price they may have bought  bitcoin for. DCA is for everyone and one just needs to understand the concept of it and then employ it as it’s suppose to be.

I should have some basis to agree with your idea since you have estimated that Bitcoin will hit $250k in 2026 and that is a possibility. Also worth considering is the possibility of dumping. The lesson you can take from the bull run is that Bitcoin is a reliable investment vehicle and if you can hold it and be patient it will give you higher returns. Some investors want to kill themselves selling their fractions when the bulls come and they fail to see the justice with their capital. The reality is that you have to do DCA and for a long time and that will be 4-10 years or more cycles. In this strategy you save and do not involve yourself in short term gambling for extra income. The possibility of dumping or pumping is possible to reduce the risk of Bitcoin savings in any situation and keep saving regularly and continuously without saving with the price movement.

It's like you are forgetting that the Bitcoin market aslo have bear season because after the ATH has been achieved there will definitely be a big DIP although I really don't know how big or down the price will go buy just like you stated $30k would be far fetched but there is nothing impossible and I believe many would be even praying for that kind of price to come as it will give them a leverage to buy more although the scared ones would feel Bitcoin won't recover but that's the opposite of it as Bitcoin would definitely recover.

I would like to add to you, Bitcoin is not something to enjoy, nor is it a fantasy, it is real and true. Each of us has to surrender ourselves to Bitcoin and manage its investment activities and be ever-ready. Many people feel frustrated with the volatility of the Bitcoin market and stop investing when the market goes down even after conducting regular investment activities. The way Bitcoin has led itself to a bull run in the last two months has created a reason to regret all the people who got caught up in the storm or put their investment activities on hold. Those who have been continuing their investment system for a long time are now seeing a sensational chapter of upside potential. I think Bitcoin is unlikely to reach $20k or $30k again, so we should hold Bitcoin for the long term and secure the right to achieve $250k in 2026 with the possibility of a better global economic environment.

@Zackz5000 more of this explanation, I love it, as an investor whose plan in digital investment is concentrated on Bitcoin investment for a long-term , studying the market is like wasting time since you've already accepted the fact that Bitcoin is a long-term investment by involving yourself with DCA method that will help you to nvest continiuosy not minding what the market says at all time, though it all depends on understanding, some people don't really understand this things thats why it's even difficult for them to resist this constant check of the market price of Bitcoin.

Bitcoin has a concept which I have mentioned in some of quotes in this forum, for an investor to accumulate and hodl successfully for a long-term, such investor must be smart to follow the concept of Bitcoin to achieve his or her goal, firstly and investor has to be ready to take up responsibilities, he must understand that you must not invest your all that's even more reason why the DCA method is their, it's advisable for everyone to invest with what they can afford to avoid taking some silly decisions that may be regretted later.
@Zackz5000 your conclusion are right and I believe that they information and knowledge you're passing across will sink to people that need them to excell in Bitcoin investment though thats if they will read through and learn.

Na so dem dey like gist wheneva we enta bull season or wen dem buy before d take off of bull season. Dis same people go curse those who introduced dem to Bitcoin if dem begin lose. Bull season dey cause so much excitement and noise and na wetin we dey see now but d real test dey come for bear season. No matta how high Bitcoin go, e go eva seen bearish moment. Dat wan na certain. It must happen and people should be aware of dat.

That is One of d advantage of BTC, because people don't want to involve in third party before dey can move their BTC from one wallet to another wallet, and it will be difficult for people to no d amount of BTC dey  are hodling at that moment which is d privacy u can enjoy from BTC. D moment u start accumulating BTC in your portfolio and hodl them for long years before u can think of selling them out in d bull run, it will boost your profits which is a good benefits many bitcoiners are benefiting from BTC once dey have d opportunity to accumulate BTC.

For u to be financial buoyant with BTC, u must have other sources of income because leaving all your money in BTC investment, it will not allow u to get what u want immediately from BTC because d price of BTC don't use to pump on d time.

If you are investing only in bitcoin for long time purpose there is not need of always watching the price movement of bitcoin or constantly studying the market unless maybe you put your money into shitcoins which is very much risky to invest on since you are using the DCA strategy to accumulate Bitcoin it will enable you accumulate more Bitcoin small small either weekly or monthly regardless of the price and hodl for long probably 4-10 year and more as long as your discretionary income and emergency fund is available.

I hope you are aware that $1000k is equivalent to $1 million and not $100k, I believe its a typo, but it's worth pointing out. Bitcoin would actually reach there one day, but it would definitely take some time and many cycles to get there. Bitcoin has reached an ATH of over $104k and the price corrected down to a new dip of $95k before returning to the $100k mark as at the time of my contribution. The $80k is still possible, but it wouldn't be in this bull run. Maybe we would wait for a bear run possibly in 2026 to witness bitcoin price dip to that extent. Next year we are speculating that the bull run continues with full force and hopefully we can attain the $150k - $180k mark or even more. All we have to do now is buy and HODL. The profits would definitely be massive.

Yes, that's true my friend, and just as O.P failed to mention in his/her list above, another benefit we stand to gain from investing in Bitcoin is "Inflation Protection" (i.e the ability to avoid been affected by the economic inflation affecting people around your same geographical location. Because, taking myself as an example, we could all know that ever since our new president Bola Admed Tinubu came into power, our Nigerian Naira fiat currency has never been stable, as it constantly depreciate in value with respect to the American dollar. And I could remember investing in Bitcoin when the rate of dollar to Naira was $1 = #700, and now the the value of dollar has skyrocketed to Naira, as it's now value at $1 = #1650.. (which means in less than a year, I have made a massive profit of over #900 Naira per each dollar). Hence, Bitcoin remain the best investment ever.

When comes to bitcoin investment ( I mean buying and holding bitcoin for certain period of time) , newbies don't need any complex knowledge before going into it rather they just need some basic knowledge on how to purchase and secure their assets.

DCAing is something that's not complex is all about purchasing bitcoin with a fixed amount of money at a fixed time either monthly or weekly, so one can start with the amount as low as $10 for DCAing depends on the folks cashflow and stuff .

I was surprised when I saw Bitcoin price break into $100k, no one expected Bitcoin to reach 100k but as is the nature of Bitcoin it reached $100k before the 2024 end, about falling Bitcoin below $80k, I think it will be very difficult for Bitcoin to fall below $80k because of the way the price is going, although Bitcoin is an unpredicted investment but due to the way the market price is running and Bitcoin is developing it will be very difficult to drop down.

Bitcoin price has made some people feel bad that they made a mistake by not investing in it from the beginning when the price was still low, as far as anyone is capable of buying there is no problem and we should not look at high prices and be thinking it will fall, no matter how the price falls it will still rise and if the price rises it will higher than the one we are seeing now.

Bitcoin is not what we can taste using and leave, virtually everyone I've come across are always grateful for being a bitcoiner and have been wondering on several opportunities they have been missing all these while, there are many benefits to have with bitcoin adoption, but not until we give a try, we may not know what is in for us over the adoption of bitcoin.

Bitcoin have already passed what’s we didn’t expected  since it has spike up out expectations, when the Bitcoins was hits $98k and begin fall down most people’s was saying that it will be hard for Bitcoin to hits the $1000k; but a big surprise Bitcoin has over $1000k before it drop down again.

The way Bitcoin begins the journey this days I don’t think it will fall blow $80k anymore, because I can see that the bull run knocking out door, that’s why I didn’t expecting BTC to fall blow lower price this is right time for those who make long time investment in bitcoin can enjoy huge profits.

I strongly agree with you. But most people don't know how to make comments here. Dem supposed hide their identity and become novice 4 di beginning even dem know and ask questions to know more if dem get more.
And one thing I discovered many people wey dey make comments in JayJuanGee commenting threads like buy buy and sell sell, buy the dip and hodle don't even know bitcoin investment and those people just dey there because of the merits. I dey real read their post well well. At least let them contribute to knowledge. Most of them don't know di different between trading and investing. And if dem be real traders and investors dem for know di different.

Go to learnmeabitcoin.com website to learn the very basic and advanced knowledge on how the bitcoin system works. You also need to follow the beginners and help threads to understand the foundational knowledge following the bitcoin technology. Secondly, it is said that practice makes perfect so in whatever you do, you need to consider practicalizing all the knowledges acquired thus far.

In trading for instance, you can decide to begin with understanding spot trading and building a small portfolio of practical usage of the portfolio on the trading type. After that, you can then go ahead with trying the futures or perpetual trading which is more risky. In all, patience and one's ability to control his emotions will greatly affect your success story.

Am a new member here,I will like to know more about crypto currency.so I can start trading in Bitcoin please
Just tell me how I can start trading please

Bitcoin benefit is so enormous,as we can see what is happening today at the market, na who believe sey Bitcoin go reach where e dey now for $95 before December,as the price dey increase,na so the benefits they increase, that's na why e dey very important to invest no matter how the  market they shake and how much you you get just leave am make e dey there, instead keep increasing your portfolio and holding onto it because you see this Bitcoin investment e no go tell you sey him wan drop or climb up up for those people wey think sey the price no go go up again so fast, dem dey do had i know today, people wey HODL it and use the opportunity to accumulate very well, with the hope sey na normal tin for investment that time now dey laugh now, because Bitcoin story don change now ,na him make sey any amount wey you see Bitcoin buy and hold it because that small wey you don buy last last na big money for your future.

Ok, I got to understand your points but either word DCA or trading means the same thing and actually sends the same message, a lay person at least can understand clearly the point am creating, study and watching as I said does not only means to daily trading as you think, I was trying to make it broad to every category of crypto where learning and correcting oneself can occur, a simple studying and watching how crypto experts explains things on the Bitcointalk forum alone has created the environment for learning and studying to establish.

There are important reasons why we need to hold money in as much as making an investment is also important, they both work hand in hand, it would rather be to say that holding money that we are not going to make use of is not profitable when we have all the time to invest as well as grow our investment over time, currently it is Short sighted for anyone not to invest in Bitcoin because it potential winning are no longer hidden with so much justifiable reason why anyone should invest but being skeptical about it will only ends in regrets just as it has happened to those who has failed to do so when they had the opportunity at the earliest days on seeing where Bitcoin is today.

You are correct; since the government controls bitcoin, he has made things easy for everyone since when the government is involved, you cannot do anything other than what he says. Bitcoin makes things easy and makes us feel happy. Because we are profiting and fixing our problems with bitcoin, anyone who invests in it. If the government gains access to bitcoin, we should not have accomplished anything since he would simply shut it down because they don't like it; what the government does is simply prevent us from performing p2p. We are still investing in some exchange that he did not participate in. Bitcoin has helped us a lot in attaining our goals. And we will not stop investing in it except he doesn't exist anymore, and can't be possible because we are using Internet to run everything. Let encourage our self and love once to be investing on bitcoin not only physical business we don't know which one will favour you and get huge profit. What i will said again is that we should always have something doing before you can enjoy investment because not anytime investment can favour you, anytime you can lose your funds but when you have backup you will definitely add it on your holdings and be boosting your investment.

I understand what you're trying to say, I'm pretty sure some people were not very knowledgeable about Bitcoin before coming to the forum but on the other hands not all newbies in the forum are clueless about Bitcoin and Cryptocurrency at large, some came here to add more knowledge to what they've gathered and with this forum being one of the best place to learn and understand Bitcoin very well, hence they came in here to know more. I ķnow someone who's not in the forum but he's a Bitcoin believer and knows lots about the DCA and other good strategies, I was even surprised he's holding Bitcoin and have been doing that for about 2years now. So, before a newbie that's thinking of investing in Bitcoin should gathered knowledge about it if they’ve not done that already and even understand it before putting into practice (buying and Holding) if not, they'll be making a big mistake by going into it without being knowledgeable or asking questions about Bitcoin investment.

I don't expect a newbie to know what DCA method is from the first day, A newbie need to ask question in other know, it is advisable for a newbie to ask question constantly to enable him or her know things, just as I mentioned DCA method, a newbie that want to know would have ask question or better still there are threads in this forum that have more detailed explanations to what DCA method is all about, the newbie stage is the stage of continuous question until you get conversant with the system.

Buddy here you go again what does trading has to do with the DCA method of accumulating Bitcoin, I think you should get this thing straight, we are talking about Bitcoin investment for the future not trading that's seen as a short time investment, as newbie what you need is the basic knowledge to invest in Bitcoin, you don't need to pay much attention to price or watch and study the market constantly as you said, don't you think those can be discouraging, since DCA method can be used to accumulate bitcoin ireepsctive of what the price of bitcoin says at all time what's the need of studying or watching what you can't control, though new bitcoin folks may pass through some processes before getting the right information it's normal but be it as it may the right approach has to applied to get the right result if really they want to remain relevant in the system.

OP all the points you have itemized are for real. Investing in bitcoin is worth the try because one can comfortably control their investment from their comfort zones without any interference. I think I should add up to the list with this particular point and this is what makes it more convenient to invest in bitcoin, although it has been said but I would just put in a little explanation.

Bitcoin is a mobile investment in the sense that you can carry your asset to anywhere in the world with ease and comfort without anybody detecting it. With this, you do not have to call any third party to help you make any transaction because you have every details of what you want with you unlike the fiat system where you will have to call the bank to help you initiate and execute a transaction.

Bitcoin knows no boundary and it is borderless in the sense that you can make payment or do a transaction from any path of the world from your comfort zone as long as you have the receivers wallet address and details depends on your MOU. Using bitcoin makes fee very cheaper than the fiat system and one can pay less to transfer huge amount of money compared to the banking system which the bank would charge you amount which ordinarily you would not feel comfortable to pay.

What if these newbies aren't known what DCA is and what it means to be accumulating as you said, these newbies needs to pass through the process of understanding what crypto trading demands, needs to pay the price of consistent watch and study the market price and movement before realizing that DCA is pretty much better and appropriate.

There an important lesson I learned about money nanny years ago from R. Kiyosaki I guess which is simply that money should be moving and not kept stagnant. When money is in the motion it yields more money for you and doesn't loose value, but when kept stagnant it depreciates and loses value. Keeping lots money in the bank is stagnating your money(except for emergency funds) and it's not a good financial practice.

This advise above doesn't come out positive all the time, hence people are afraid of failing, but how do you get successful if your afraid of trying? Failure is part of the learning process. I've lost many times, been duped too to add, but after each wrong decision, I learned and moved on and here I'm now. Bitcoin is a very good investment if you've some discretionary income available, it helps your funds get profitable for you while you do nothing but increase your portfolio and plan for a long term investment. Investing in Bitcoin is simultaneous to securing your financial future.

Exactly buddy, some persons do somethings that are not in line with wealth creation, why would someone even hoard money as you said though we never can tell, it may be because of lack of knowledge or information, not everyone that knows much about Bitcoin despite that many people come across it in the internet space, it doesn't necessarily mean that they know something about it, many people are illiterate financially that because they don't have faith in digital investment like Bitcoin another things is that you never can tell what they have gone through in the past that made them to prefer hoarding money than investing it but whichever way, it isn't a good decision to keep money lying idle without generating any profit when such person is supposed to have invested such amount in Bitcoin that's very futuristic.

Bitcoin is a good long-term investment that has the ability to be profitable to an investor that understands what it takes to keep accumulating and hodling for a long-term, your conclusion are correct and I strongly support them, but my question is, as a newbie hope you've started accumulating with DCA mathod already?

One major benefit I see about Bitcoin is the financial security it offers. Like the faith you have that you have an investment somewhere, and you can liquidate it anytime. You know you don't have to take months to go to a bank with lots of documents before you can get your money out.

This long-term financial security is really valuable. As the value of Bitcoin keeps increasing, the value of your money also keeps increasing. To the point where you can even liquidate part of it if you really need money, and leave the rest.

People used to overlook Bitcoin as an investment opportunity years ago, but now people are more aware of it and are willing to invest. It's just that, it might not be so cheap to start investing at the moment, especially since Bitcoin is on the high side. That's why a  DCA strategy is advised. You just keep adding a certain amount of money as you progress, before you know it, you've bought a reasonable amount of Bitcoin that you can hold for long-term purposes and gain financial security.

The joy that comes from knowing you have money somewhere is a different kind of joy. Your own money. The advantage of Bitcoin spans across a lot of things, but what stands out for me, is the long-term financial security it gives.

Bitcoin can easily be moved from one place to another without anyone knowing because it is sitting inside your mobile hot wallet, and bitcoin is easy to accumulate due to its divisibility into smaller units.

Bitcoin has a lot of potentials and one can use bitcoin to transform his financial situation if he is consistent in buying and increasing his bitcoin portfolio overtime. A digital currency turning into one of the best assets that you can use to multiply your wealth.

Even if the government can regulate how you will spend your money, I don’t think it is in Nigeria. And the only time that restriction of the amount to use daily was done in Nigeria, it was some few years back, and it didn’t take more than a month, which was just because the government wanted people to have access to the new note and for a free and fair election based on their claim.
 
I know that bitcoin is far better than the traditional currency in terms of security and many other aspects, but still we are not supposed to keep underestimating our traditional currency because it will end up affecting us a lot. No matter how you save or keep your money in bitcoin, you most need Naira to spend it in Nigeria, so anything that affects the Naira most definitely affects you that will be using it for your daily needs because in Nigeria, no organization, supermarket, or any business receives bitcoin as the source of payment.

All this one government they do the thing no they move me again because if you look the matter them no fit stop people to they do bitcoin and this is like a free will for the citizens you no fit just come decide say make people no do am again and if them try am the problem wey them they face now na small because this bitcoin of a thing done turn to means of earning for people so anything wey make them succeed block am for the crypto space na when wahala go start be that because before them fit make that kind decision they suppose comsider a lot of factors before them go say them one block am because the thing done turn means already.

And if you look the kind investment wey bitcoin be no be small investment because if you look money wey they the market cap you go know say no be play and na one of the reasons wey the government they consider them no wan make this kind decision because they know the implications crime must increase the thing no get part two all this thing, self custodian and the thing come be asset again so you fit decide to sell any time and you go still sell your thing with intrest.

Just like you said, when it comes to how we will make use of our money, the government used to control us and decide when we will have access to our money or use our money, but with the creation of bitcoin, all these were eliminated. With bitcoin, we can send money to our relatives anywhere in the world without any middleman scrutinizing our transactions, and they will receive it within a second. Another thing that gives bitcoin so much power is the self-custodial, which gives us total control over our money and no government or person can spy on us to know how much we are worth. Bitcoin is really a blessing to us.

No lie, you really try for taking your time to give us this wonderful thread here. Without doubt, e go dey helpful not only for the newbies but for everybody here. Believe me, some people just dey hear bitcoin and only know about the price increment and nothing more.

However, to avoid misleading I dey always prefer when things like this is being discussed, it shouldn't be one sided but both sides of pros and cons should be touched a bit for clarity sake. I believe we have total newbie in our midst here who knows nothing about cryptocurrencies and Bitcoin specifically. Reading only the advantage will give them hope and motivation to invest but when they start experiencing otherwise of the market and other adverse effects of crypto they might feel mislead and probably end up calling bitcoin a scam.

For everywhere here, bitcoin is actually advantageous but we should also be wary of its disadvantages. E dey volatile in nature as well. This means the price is not fixed and e dey move rapidly and can also not be predict correctly. In short, e dey very risky and investing in it simply means that you are ready for the risk.

Another disadvantage is security related. Although, this depends on you as individual and how well you can secure your assets digitally to be free from cyber attacks. Exchanges, irrespective of their security measures put in place some time fall victim and get hacked. Your personal wallet is not free from this attack as well if you don't take the security measures seriously. Every single mistake in crypto will cost you to lose money and you must be ready to pay for the price if you mishandle your asset. To cut it short, things plenty and you need to do your own research.

Note: I'm not trying to discredit Op post or belittle bitcoin but to make us aware of the risk involved in bitcoin. It's okay to discuss about the advantages of Bitcoin but it is more better to discuss about the disadvantages too.

There is always need for Bitcoin users who are holding firmly for profits to stay updated unconditionally about their holdings which speculations is already being alternated as part of the service bringing to our awareness of a current valuability and potentials of the Bitcoin we have indulged on for profitability which either in short or long time, possible insight of what Bitcoin would bring as value is also considered very important which could be a baseline giving us the assurance that we have never made the wrong choice.

I am very much sure that we holds our holding confidence of Bitcoin on speculations which may also drive mind weakened holders to FOMO.

In this case, I go agree with you, and the other way round, it may differs, holding Bitcoin no be for poor people who only earn once. If you are a weekly, or biweekly or monthly earners, it's much better to buy Bitcoin gradually and hold as long as you want because the chance of touching your investment is rare and limited.
For poor earners who wants to hold Bitcoin for long, they may not withstand the disaster, the frustration I can say that comes when Bitcoin price is depreciating,  it's very diminishing.

if you observe now, the risk associated with owning bitcoin or even investing in bitcoin for the long term is becoming very minimal because of the kind of investors that are coming into the bitcoin ecosystem that makes it difficult for bitcoin to dip remarkably. for all the time bitcoin has gone bearish of recent, the extent of the dip is always small relative to how much of depreciation that affect holding unto fiat. it all shows that holding fiat most especially when you don't have a plan of using it in the short run is more disastrous than holding bitcoin.

in terms of benefit, the list is endless, and they are all pointer to the fact that you are in a good advantage when you hold bitcoin. save hundred thousand naira in your bank account with the plan that you won't be using it for the next three month and also save an equivalent of that same hundred thousand naira in bitcoin for three months and see the difference, for the fiat in the bank, you will find out that you might easily get tempted to make use of the fiat when you are in need unlike for the bitcoin holding that you can hold for a year without using it too soon. when you check bitcoin price and sees it going up, it serves as a form of motivation that compels you to keep holding because of the small top up you usually see when bitcoin price goes up a bit.

You are right. Is it actually a wise decision to invest in bitcoin because it grows over time? Regardless of the risk that is attached to the investment, as long as we can hodl for a long time, we will definitely get the profit from bitcoin investment, and also, you are right. Saving money in local currency will not help us because the currency can even lose value at anytime, so it will be better if we use the money that we can use for at least 4 years to save it in bitcoin; it will appreciate in that given period.

Protection against inflation and price increase is one of the main reasons why people buy Bitcoin. Not many see other benefits as a reason, some people don't even know that Bitcoin has other benefits like the decentralized privileges and the rest. What I tell people na say Bitcoin get many benefits na just say, you get to buy am first na so you go begin benefits from am. Make we come say you dey buy through DCA na discipline you dun dey give yourself be that and also you done they open doors for investment as the profits dem wey you get, you go begin dey reason other investments them to enter. And from there, if you follow up well you dun set for life be that so anybody wey never buy and him dey read this thread, this is your chance to get some Bitcoin.

Bitcoin is more than a Queen it's like the god of all other coins and the best thing anyone would do to themselves is investing in it cause it's the gateway to secure a better and profitable future, those who were bold enough to invest on it in about 4 years back and beyond are a living testimony to my statements and so shall it be to every other people that would do so now and hodl for long-term. Those procrastinators that failed to seized the opportunity when they had chance and finance to keep their investment journey going would be regretting currently and had I know would've been the case, well it's not too late and the current price should be an issue to invest now. However, there's no best time to invest in Bitcoin any entry is okay so far the investor's motive is long-term and has stabile income to keep accumulating Bitcoin periodically. Bitcoin investment doesn't come with regrets it's something worth doing for the betterment of one's future and so far you do the right thing you'll must be on the profit side in future.

This is a useful trade because when I sit down and read DC three is really useful for everyone that wanted to invest in bitcoin why why I said that is because Bitcoin, as becoming a wonderful queen for each, and everyone that know much about investment in bitcoin, to be honest bitcoin has motivate of people when they see that the price of bitcoin is continue rising every blessing day That nobody was not even expect bitcoin will do more better before the season end. the reason why some people Are still Contemplating starting the journey to begin accumulating is because all this while bitcoin has been lying down without moving or rising that will motivate people to accumulate much bitcoin.

Furthermore, Indeed, since we all see him the movement of bitcoin I think this is right times for those who has never invest in Bitcoins to put much eyes on how the journey is Floated So that they will aware when the price as come down in a very low price: So that they can able to purchase on their own for them to benefit huge profits in future.

Very good and well composed thred that explains a lot about Bitcoin invetment and how it works, this should be a great reminder for all especially the newbies to investment, this thread explains the importance of Bitcoin, its benefit, and lots more.

I want the newbies to Bitcoin and crypto investment to know the risk involve in cryptocurrency. They should never expect a quick money because Bitcoin journey did not start and get to this point in one day, therefore, Bitcoin investment is usually a long term investment.

To leran further about key and address, blockchain technology, how to send and recieve Bitcoin, read this book to get all the basic knowledge you need.

Avoid saving your coins on exchanges because not your keys, not your coins.

Bitcoin is indeed worth admiring, and there are alot of benefits in investing in Bitcoin, Bitcoin is not like other cryptocurrencies , it's fill with alot of protential , Bitcoin is a coin that's tend to grow over time so investing on it will be a wise decision.

And one thing again is to position yourself, by accumulating enough stashes it may take you a whole cycle to be able to put up something nice in bitcoin that's why Bitcoin is more beneficial when it comes to long-term investment.

Hoarding money is not profitable in anyway but when you invest, you get ahead of inflation and grow your savings.
Bitcoin overtime has proven itself as a hedge against inflation due to its Store of Value and medium of exchange. Considering Bitcoin for long term investment can provide investors with an innovative opportunity for growth and diversification.

Even if we have seen lot's of topics like this, i still believe always getting reminded of few reasons as to why we persistently trust and want to keep our investment running will help us continue to stay in the long run without having any fear or doubt that will lead to altering our Bitcoin investment.

I guess, the most prolific advantage associated with Bitcoin is due to profits that will be made after some while of investing, i strongly believe that lots of Bitcoin holders/investors hardly would have accepted Bitcoin or become part of the community if it was just alone other advantages like you mentioned. All being part of the benefits, i so much love making profits and i consider it the best i can get from participating in Bitcoin, if truly we can give our honest review mine won't be far from others.

Bitcoin is a very good investment choice and its adoption is growing as time goes by, hence it is paramount to run through the Advantages of Bitcoin and the benefits of making such rewarding decision as starting your bitcoin accumulation journey. This would further motivate those who are already on the stride and also serve as a conviction tool for those still in contemplation on starting their accumulation journey.


Advantages of bitcoin

• Enhanced Security: Bitcoin has one of the most secure network and it is least prone to hack, so you are assured of your funds safety over the blockchain, unless of course if you are careless with handling your funds on a personal level
• Transparency: Bitcoin transactions is open to anyone at any point in time. The transaction data is recorded on a public ledger, hence it's availability for everyone's consumption
• Anonymity: Better achieved via decentralized wallets like electrum, sparrow, blue wallet e.t.c. Your transactions remains untraced to the initiator and can help you maintain a low profile
• Decentralization: Bitcoin is not owned by a particular person, everyone owns the stashes that they can accumulate and can do whatever they want with it. No one can dictate to you how you handle your assets
• Growth Potentials: Bitcoin has demonstrated heavy growth potential over the last 15 years of its existence. The value has appreciated to $93k ATH currently and a market cap of $1.81B. Bitcoin is and still remains the most performing digital asset of the 21st century
• Accessibility Everybody can buy, own and use bitcoin. It doesn't matter your location or race as long as you have a phone or computer and of course an active internet.
• Immutability: Information on the bitcoin blockchain can never be altered or changed for any reason, This helps to fight corruption and is essential to the continual trust and reliability of bitcoin
• Removal of third-parties:Bitcoin eliminates the involvement of third parties for transactions, only a wallet is needed which can be downloaded on app stores and you can carry out your transactions on a personal level. However you need to be careful so as not to download the wrong or scam versions of the wallets

Benefits of bitcoin

• Protection against inflation: Fiat depreciates in value and its purchasing power reduces with time, but the value of bitcoin keeps increasing, so your funds invested into bitcoin is subject to continuous appreciation when invested for a long term (4 - 10) years or more as against dumping it in banks
• Securing your Financial future:Bitcoin investment is a long-term journey and is very suitable for future financial goals like retirement, Business expansion, financial reserves e.t.c
• Freedom from Government controls: With bitcoin, you are in charge of your funds and can do whatever you want with it without government involvement, controls or regulation and your funds are available to you when you need them. Your transactions would be broadcasted readily since the decentralized nature does not permit monopoly of mining services
• Liquidity: Bitcoin can be easily liquidated by converting it to a stable coin and selling on exchanges via P2P,  or by transacting offline with the client, although this method is heavily discouraged because of security concerns

Bitcoin is a very good investment that comes with lots of advantages and it is worth sticking to for a long time, it is evident that those who stuck with bitcoin from the very beginning or somewhere along the road are already in good profits. It is also noteworthy that it is never too late to invest in bitcoin since it is still in its early days and its still a very much promising investment concern.

I believe there are lots more to these itemized above and I leave it then to your meaningful contributions