Can you give one reason why I should buy bitcoin?

serjent05

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Quote from: bayu7adi on July 08, 2023, 12:00:42 PM

Quote from: eightdots on July 05, 2023, 04:09:27 PM

Investment is realized in line with one's expectations. Remember, acting according to the opinions of others may not always be the right decision. Have your own opinion.

Such a thing would only lengthen our journey. What I mean to say is, absorb knowledge and consider other people's opinions. This doesn't have a 100% impact on our decisions.

Before considering one must verify the validity of the other people's opinion. There are lots of naive investors who lost their lifetime saving because they are too fast in believing other people's opinion. There is no harm in delaying the investment for verification purposes. Since it is our money that is in line here and not theirs.

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Who else should be responsible for our lives if not ourselves? Other perspectives are still needed to broaden our minds. Sometimes, our own perspective is clouded by emotions and ego. That's what makes every decision you make questionable.

It is always good to consider other peoples belief but it would be devastating if we just believe them without any means of verifying how truthful are these opinions.

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We consider other people's opinions, just as we learn scientific knowledge from others, taking what positive aspects we can.

Opinion alone is nothing but opinion based on fact is something but sadly most people are into citing their own opinion without verifying the validity of what they thought.

Wapinter

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Quote from: Bruce4 on May 22, 2023, 02:04:26 AM

A friend of mine once told me that I can become very by investing in bitcoin and cryptocurrency.
According to him,he said some crypto analyst and experts have long predicted that bitcoin has the largest transfer of wealth and affluent
The world has ever seen and that most of them that are investing in it will be the ones to be rewarded.
I'm certainly not convinced about this information that he gave to me...I want better ideas and enlightenment on why I should buy bitcoin.I need help please!

You should not only buy Bitcoin to get rich but also to get financial freedom. Your money should be controlled and owened by you and no Government Or other agency has control over it.
Unlike fiat, Bitcoin gives you full freedom and control of your money.

Ptb73

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I think no one should convince you to buy bitcoin, it's just wrong.

Do your own investigation and understand what bitcoin is, what it is for, what its meaning is. After you have enough information, you will be able to decide for yourself whether to buy bitcoin or not.

I also heard about bitcoin from my friend and decided to read about it, learn more. After a while, I bought bitcoin and I still keep it in my ownr wallet and accumulate. For me, bitcoin is confidence in the future.

worldofcoins

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Quote from: Bruce4 on May 22, 2023, 02:04:26 AM

A friend of mine once told me that I can become very by investing in bitcoin and cryptocurrency.
According to him,he said some crypto analyst and experts have long predicted that bitcoin has the largest transfer of wealth and affluent
The world has ever seen and that most of them that are investing in it will be the ones to be rewarded.
I'm certainly not convinced about this information that he gave to me...I want better ideas and enlightenment on why I should buy bitcoin.I need help please!

There's no reason for you to buy Bitcoin if you want!
But look at the internet. You will see various online payment methods such as Neteller, PayPal, etc. The future of transactions is becoming online.
And what's better than having or investing in Bitcoin, which is not centralized like the methods mentioned above and whose value will rise in the future for sure.
So make your choice in whatever option you prefer.

bayu7adi

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Quote from: eightdots on July 05, 2023, 04:09:27 PM

Investment is realized in line with one's expectations. Remember, acting according to the opinions of others may not always be the right decision. Have your own opinion.

Such a thing would only lengthen our journey. What I mean to say is, absorb knowledge and consider other people's opinions. This doesn't have a 100% impact on our decisions.

Who else should be responsible for our lives if not ourselves? Other perspectives are still needed to broaden our minds. Sometimes, our own perspective is clouded by emotions and ego. That's what makes every decision you make questionable.

We consider other people's opinions, just as we learn scientific knowledge from others, taking what positive aspects we can.

Games.Bitcoin

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I want to ask you why you want to buy Bitcoin?
Surely you will answer for profit.
We all know Bitcoin is the king of cryptocurrencies. Many people are aware of Bitcoin these days. Therefore, it is expected that the value and use of Bitcoin will increase in the future. So you can buy bitcoins for long term.

promisedtech

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Have made some similar post recently on question like this this but in giving a simple answer to your question Bitcoins can be used to buy other things, it has value. It has a fixed supply so it can be a store of value, despite the volatility.

or get this straight buying bitcoin is just like buying "DIGITAL GOLD", at least that's straightforward Grin

AnonBitCoiner

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If one person have created a mind that he will not convince by anyone then it's totally waste of time to describe something to convince him because he will not accept it until he creates his interests towards it.

Other individuals will only share their ideas so its your choice whether you wants to invest or not because if you make investment then it will be better for you and we will no receive any reward for it. Remember that people will only share positive things with you and if they did not see any benefit in one thing then they will never share that idea.

DeathAngel

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You should buy bitcoin to protect yourself from inflation, to preserve your purchasing power. Fiat currencies are crumbling in front of our eyes. Position yourself for the biggest transfer of wealth in hundreds of years. Make sure you’re on the right side of the development & future of money. Do not get left holding fiat bags.

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Quote from: eightdots on July 05, 2023, 04:09:27 PM

Quote from: bayu7adi on June 03, 2023, 10:25:43 PM

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It is important to learn this information about what other traders are doing or how they are doing it before investing. This allows us to have an idea and learn from others if they have made mistakes. Crypto trading is always risky, but the returns are as high as the risks.

There are things to look out for when learning about how other traders are trading. When did they trade, or what is the difference between when you traded and when they traded? There are limited events in the market that evolve in the same way. We should always be open to innovation. An investment made last month may not be right this month. Or even the amount we invest may change.

So investing is an individual behavior. Investment is realized in line with one's expectations. Remember, acting according to the opinions of others may not always be the right decision. Have your own opinion.

You raise a good point when you say that traders can get insight from the experiences of others. But here's how I see it. Trading cryptocurrencies requires a certain amount of luck. It's a roller coaster of ups and downs that can be equally rewarding or devastating. We'd all be rich if mimicking someone else's success was all it took.

Certainly, timing plays a crucial role in the financial markets. But that's only a small part of a much larger mechanism. When market conditions change even slightly, the results can be very different. Therefore, it may be futile to attempt to imitate another trader's timing.

Investing is a highly individual process. Your investing choices should reflect your personal long-term goals, comfort level with financial risk, and outlook on the market. After all, the cash is yours. You should never let the opinions of others sway your final choice.

kotajikikox

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Quote from: Bruce4 on May 22, 2023, 02:04:26 AM

A friend of mine once told me that I can become very by investing in bitcoin and cryptocurrency.
According to him,he said some crypto analyst and experts have long predicted that bitcoin has the largest transfer of wealth and affluent
The world has ever seen and that most of them that are investing in it will be the ones to be rewarded.
I'm certainly not convinced about this information that he gave to me...I want better ideas and enlightenment on why I should buy bitcoin.I need help please!

you already received thousand reasons mate , so i think there is no need to be confused and no need to wait another moment than wasting time .
buy now mate , Buy many as there is a short period remaining before we reached the top.
halving is near the corner and bull is running close to the market.

rikybrosh

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besides the advantage of cryptocurrency you also need to know about how this market works. cryptocurrency is really related with volatility, it will be bad if you don't know about anything and you buy bitcoin at highest price then sell it at lower price because of panic selling. you should analyze what is the factors that make bitcoin price rise, it is your responsibility to know about this. I can only give you an information that highly influence bitcoin price which is halving maybe this site https://buybitcoinworldwide.com/halving/ will help you. there are many factors that influence bitcoin price but i think it is different in every year. only halving that give us certainty.

blackened515

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Quote from: ItsCrafty on July 05, 2023, 10:50:17 AM

I agree with you that buying Bitcoin has become a very good and profitable trade. The result of the Bitcoin platform is also wonderful, which you can analyze well. As far as risk is concerned, whenever you trade in cryptocurrency or any other altcoin, you will have to make your risk analysis mandatory. It would be very good and fruitful for you to be fully capable, learn it first, and then make your entry. I think with Bitcoin and other Altcoins , if you have a lot of capital, you should definitely invest in them. I mean by part investment.

The market doesn't concerned the sizes of our accounts. A profitable trader has alot to do with gems and coins. For instance, gems found on kucoin is basically what made me a profitable trader, I'm acquainted with investing on gems, they usually gives me 30x of my initial capital with no doubt, my favorites are Linkup and linkdown and moreover GMT added to the list. Investing in bitcoin, is absolutely for your own good, we trade base on the entries we noticed in the market. Although bitcoin is one of the most volatilitized project, it goes up and down and causes panics among investors.

Timmzzy

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Quote from: Bruce4 on May 22, 2023, 02:04:26 AM

A friend of mine once told me that I can become very by investing in bitcoin and cryptocurrency.
According to him,he said some crypto analyst and experts have long predicted that bitcoin has the largest transfer of wealth and affluent
The world has ever seen and that most of them that are investing in it will be the ones to be rewarded.
I'm certainly not convinced about this information that he gave to me...I want better ideas and enlightenment on why I should buy bitcoin.I need help please!

Sorry i can't actually give you any good reason to buy crypto or any asset like BITCOIN you mentioned, because crypto market is not regulated anything can happen, i guess you are aware of many who got stocked at $60k yeah many bought at this price and boom the crash came. i will likely advise you invest what you can afford to LOSS. Undecided

period.....

eightdots

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Quote from: bayu7adi on June 03, 2023, 10:25:43 PM

Quote from: kaseygriffin on June 02, 2023, 01:13:02 PM

Don't let others rule because the finances are yours anyway; be comfortable and confident in your decisions with what you know, and also don't forget that you have to take risks with them.

Indeed, it is true. However, obtaining alternative information from different perspectives might bolster our self-confidence when making decisions, whether to invest or not. Although the risks lie entirely in the hands of the user, others can provide support and information regarding existing opportunities to strengthen our self-assurance.

Even to this day, financial consulting services remain highly sought after by individuals. For each person requires viewpoints from different angles. This world is vast, my friend. So never disregard information from others.

It is important to learn this information about what other traders are doing or how they are doing it before investing. This allows us to have an idea and learn from others if they have made mistakes. Crypto trading is always risky, but the returns are as high as the risks.

There are things to look out for when learning about how other traders are trading. When did they trade, or what is the difference between when you traded and when they traded? There are limited events in the market that evolve in the same way. We should always be open to innovation. An investment made last month may not be right this month. Or even the amount we invest may change.

So investing is an individual behavior. Investment is realized in line with one's expectations. Remember, acting according to the opinions of others may not always be the right decision. Have your own opinion.

Lorence.xD

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Quote from: Z390 on June 03, 2023, 06:39:57 AM

I won't give you one, because it doesn't look like you don't know anything about Bitcoin, I will or can only talk about why I am investing in Bitcoin, I just want to be successful and the hardest part of getting successful with Bitcoin is accumulating the heck out of Bitcoin with the money that you won't be touching for the next two to three years.

That's actually good to share your experience than convincing him. Since if you can't even convince yourself how would you do well in this industry which rely on your own decisions and knowledge? It would be hard to survive or even profit if you're relying to anyone's opinion then that would be a wrong call. Everyone has their own skills and techniques which doesn't apply to anyone maybe you could gather information which can be used for your own plan. If you're not convince enough just surf the web about Bitcoin.

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The only way to survive this is by making money from your business and also running a side hustle, I am already doing this, and as a successful farmer, I am still making some money through that too to support my family, I won't force anyone to invest in Bitcoin as I have failed to do so in last few months, I am surrounded by those who believe that everything related to crypto and online is scams.

The only way to prove them wrong is to let your crypto success speaks for itself.

Well that's a good way to have an extra money for you to invest in crypto industry, there's no doubt that you're good in handling money when you have a lot of sources of money in the first place plus the environment you're in. For me, I used the crypto itself before for me to have an investment here without even using my own money. I created it in here which is still keep going. Maybe someday I'll just prove them wrong with success without even bragging.

ItsCrafty

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Quote from: Dimitri94 on July 05, 2023, 10:18:55 AM

A friend of mine once told me that I can become very by investing in bitcoin and cryptocurrency.
According to him,he said some crypto analyst and experts have long predicted that bitcoin has the largest transfer of wealth and affluent
The world has ever seen and that most of them that are investing in it will be the ones to be rewarded.
I'm certainly not convinced about this information that he gave to me...I want better ideas and enlightenment on why I should buy bitcoin.I need help please!

I agree with you that buying Bitcoin has become a very good and profitable trade. The result of the Bitcoin platform is also wonderful, which you can analyze well. As far as risk is concerned, whenever you trade in cryptocurrency or any other altcoin, you will have to make your risk analysis mandatory. It would be very good and fruitful for you to be fully capable, learn it first, and then make your entry. I think with Bitcoin and other Altcoins , if you have a lot of capital, you should definitely invest in them. I mean by part investment.

promisedtech

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The next halving is 2024 that should give you a reason to do that now apply any strategy you know as soon as possible.

As per analysts, the chances for BTC to go on a bullish run are high, and experts believe the value will continue to trend upward in 2024. A rebound back is when BTC

reaches its key support and the prices are expected to touch $40K by the end of 2024.

this should be a good reason

Dimitri94

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Quote from: Bruce4 on May 22, 2023, 02:04:26 AM

A friend of mine once told me that I can become very by investing in bitcoin and cryptocurrency.
According to him,he said some crypto analyst and experts have long predicted that bitcoin has the largest transfer of wealth and affluent
The world has ever seen and that most of them that are investing in it will be the ones to be rewarded.
I'm certainly not convinced about this information that he gave to me...I want better ideas and enlightenment on why I should buy bitcoin.I need help please!

I think it is better to invest in Bitcoin as Bitcoin was first invented in crypto world and it is fully decentralized and all types of altcoins are heavily dependent on Bitcoin. Investing in altcoins is relatively risky. So considering the risk and reliability aspect bitcoin will be the best option. Investing in bitcoins will recover after a long period of time, while investing in altcoins has no guarantee. Considering the above points, one should definitely invest in Bitcoin.

ZAINmalik75

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Quote from: Bruce4 on May 22, 2023, 02:04:26 AM

I'm certainly not convinced about this information that he gave to me...I want better ideas and enlightenment on why I should buy bitcoin.I need help please!

Instead of people to convince you why you shouldn't try by self to go out and do your won research about the work ,speciality and mechanicim of Bitcoin, because when ever you have been convinced by someone and you invest then you will be responsible of any kind of loss or something else not him..

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Can you give one reason why I should buy bitcoin

Compared to fiat Bitcoin has a lot of advantages, like it will store your wealth, through Bitcoin you can safely send any big amount with low fees also investment in Bitcoin will give you huge return but the term is to hold it for long term, also your investment will be safe from inflation and any kind of devaluation..

Topic: Can you give one reason why I should buy bitcoin? (Read 1280 times)