Topic: Can you give one reason why I should buy bitcoin? - page 10. (Read 1268 times)

I would give you one piece of advice, never invest your money on someone else's advice. Before you do this, make sure you understand what you are doing and where you are investing. This applies not only to bitcoin but also to any other investment.

As a result of an investment that is incomprehensible to you, you will lose money, and not the one who gave you advice. Even if this is good advice and in the end it can bring you profit, then you should still understand this investment, study all the points due to which you can lose money.

Investing in bitcoin is not as easy as it might seem at first glance, you can buy but after a while the price of bitcoin can drop significantly, would you want to sell it in this case in order to save some part of your investment? Most likely whatever you want, because you will doubt the correctness of your decisions, but this is the main mistake for beginners. So before you buy, take the time to study what bitcoin is, study its history, study its cycles and at the same time remember that the markets are volatile and do not have to always repeat themselves.

I am not here to convince you, but one of the reasons why other people buy it is because of its price. It is your job as an investor to figure out why, and if you are also ready for consequences, we ain't like those influencers telling you to buy it now as you could be very rich with it. We are here to tell you that it is very stressful, and you could lose it all if you do it with just hype and not doing your own research.

Your mate's got his mitts on a true gem. At its heart, Bitcoin's got this 'value preserver' vibe - that's why they call it 'internet gold' thanks to the tight leash of 21 million BTC. This slim pickings scenario can push the value higher as the world tunes into the Bitcoin tune.

Why Bitcoin, you ask? Resilience, of course. Through a tumultuous decade of peaks and valleys, Bitcoin's been a champ, bouncing back stronger. It's not just about the thrill, but a solid proof of its stick-around value.

Furthermore, consider Bitcoin as your armor against the fading of regular cash. When the big wigs at central banks run the money presses, Bitcoin's role as an inflation-annihilating asset goes from hot to sizzling. But remember, with great reward comes great risk. Be the detective, do your due diligence, and play your investment game wisely.

You should Do Your Own Research for your own investment. Bitcoin is the top cryptocurrency which means Bitcoin is the best investment choice if you will enter cryptocurrency. You can't appreciate our suggestion if you didn't conduct research by yourself since you don't have an idea about the general overview of crypto. But the main feature of Bitcoin that makes it the number cryptocurrency is it's the only crypto that is truly decentralized since it's 100% controlled by the community which even Satoshi can't gonna give an impact on if ever he wants to manipulate it, unlike other crypto project which is on the palm of a team member.

Bitcoin has a limited supply. And most importantly Bitcoin is Bitcoin!

If I have to ask myself why I get into Bitcoin investment since the beginning, well I only have two answers for it.

1. The digital gold sounds interesting to me, the first platform that I read about Bitcoin on says Bitcoin is the new digital gold, that was when I started having interest in Bitcoin.

2. I am the type that like working from home and this mastered me because my country sucks in everything, you will have to lament before getting a job here, so Bitcoin suits my style and way of living.

I had all the time to do more research on Bitcoin and also start engaging in free tokens and stuffs, very adventurous for me and I don't ever regret getting into Bitcoin and crypto, if anything is able to double your money or do even more then there is no need asking people the reason why anyone including you OP should buy Bitcoin, though Bitcoin still have more than doubling your money to offer.

There is no where decentralized works than using Bitcoin, so it's on you to make your choice, for freedom or for gains.

Condensing the reasons to buy Bitcoin into one is quite a challenge. You should be aware that Bitcoin has a range of use-cases which make the fiat/monetary system obsolete, and is economically superior in many ways.

I'll choose the supply argument as the single reason to provide to you.

Every day, billions/trillions of dollars are created within the global monetary system, increasing its supply and devaluing the money that everyone uses for their day to day purchases. This is even more relevant in this time of global inflation, which is not projected to stop any time soon.

Bitcoin, on the other hand, only distributes new Bitcoin to miners on an average of every 10 minutes (in return for securing the network/ledger by validating new transactions). Every 4 years the reward distributed to miners is halved, and the total amount of Bitcoin that can ever exist is capped at 21,000,000.

The more money that is created globally, the less it is worth. The more economic trouble that countries find themselves in (usually due to large government debt and absurd interest owed to banks), the more they will print (or, the more that banks will lend to governments to pay the interest that (sadly ironically) governments owe to banks).

I am sure that you can see the flaw in the monetary system in comparison to the Bitcoin ecosystem just in this post alone and why Bitcoin is poised to increase in monetary value due to the supply of both systems alone.

You must convince yourself that you can invest in bitcoin by looking for more information on why your friends can say that. You can also ask your friend why so you can start thinking about the truth your friend is telling you.

So far, many people have invested in bitcoin because they want to get big profits in the future and that has been proven to many people. And this is what makes a lot of people interested in wanting to follow those who had already made a profit but didn't learn more about it before they started investing.

You have to prepare a lot before investing in bitcoin, including preparing the amount of money you want to use, when you start buying, how long you have to hold your bitcoins and when you sell them, and maybe many others. So that's not an easy question to answer and you have to look for it yourself because our target is different from yours.

I do not think you need help, first, your friend had already told you reasons why you may want to invest in Bitcoin and other cryptocurrencies.  For many investors, there is no other reason why you have to invest in such a venture but profit.  Why ask us to convince you?  Why not do your own research to prove whether your perception of Bitcoin investment is right or wrong?  If you ask about people who are into Bitcoin, you can only hear a favorable answer about Bitcoin investment.  Besides, I will not convince you to invest in Bitcoin, I would just advise you to do your own research to answer your doubt and confusion by starting to look at the Bitcoin market history and Bitcoin market price history.

Transfer of wealth, yeah, you should understand it that wealth will be transferred from the poor to the rich, from losers to winners in a same market. You can become a winner or a loser, no guarantee.

• The bullish case for Bitcoin. If you can not read it with normal Internet, you can use Tor connection.
  
  • https://www.torproject.org/download/
• How is the 21 Million Bitcoin cap defined and enforced?

I hope this chart can give you enough reason if you compare it to a chart of any fiat currency.

I am not here to convince you to buy Bitcoin. My post is not financial advice and just free information for you.

I don't give you a reason why you should buy but what I can give you is the reason why you should know about Bitcoin and this digital currency because, in this way, it leads you to have interest and might give you the courage to buy.
 
 - Bitcoin is another form of currency but can also be a good investment that would possibly give you a good profit.

I encourage you to learn more about Bitcoin, in order for you to understand it well before making a decision to invest. Indeed, it is necessary so you can find a reason why you should invest or not.

Have you ever asked someone to tell you the reason why you should take breakfast, lunch or dinner?
If no, then you don't actually needs someone to tell you to buy bitcoin, it's the value and importance of it that makes people investing in digital currency more especially as the act of alternative means of payment and, also beyond that, people sees it as something worth investing one's resources. If there are more things to know then I urge you to develop your time to read lots of interesting things about bitcoin across forum then I believe that you could convinced your self the more to pick up courage to start your investment journey.

Before buying any bitcoin it should be that you have accepted all the facts that follows and governs the investment principles otherwise even though you were convinced to invest you might still regret putting your resources, so try as much as possible to convince yourself and bear the risk.

I don't think being convinced by others is what you want, in the first place I think you already have some level of interest since you're asking others to persuade you so I reckon you need to convince yourself instead and probably realize that you're already getting swayed.

I'd recommend reading up on what Bitcoin is via the whitepaper though if you want some materials, gives you it's core for what it actually is without personal bias. After that you can probably read up on articles to remove confusions if you have any (or even better, ask around)

I honestly do not think you need any more reasons to invest in BTC. From the look of things, you're pretty much convince that it may not work out for you when you invest in it.
What I would advise is that, you first do your own research about BTC and then convince yourself, because no one can convince you when you haven't convinced yourself

A reason for buying depends on what you want. We can say every reason we think you should have BTC, but ultimately, it's only up to you to determine why you purchase it in the first place. You should be able to decide on your own. For sure the reasons above me are enough somehow to influence you in some way.

I hope that you are able to form your self-actualization on why you should have.

Your mindset is wrong, it is up to you to decide if you want to invest in bitcoin or not, so if you are not convinced then do not invest in bitcoin, it is that simple, now if you take the time to research more about bitcoin and this market and you are finally convinced about it then you can invest in this market if you want, however this is a decision you need to take on your own and no one should force you as the possibility of losing money is very real, and in the case of someone that is nowhere near as convinced as they should be I would say it is even likely it could happen.

If you are such a meticulous person, you don't trust your friends, will you trust us? Why don't you find out for yourself because the information is full on the internet. Bitcoin investment is for your benefit, we don't profit when you invest, why should we convince you? If you want to invest, I believe you will find out everything yourself, no one has enough time to convince you to invest without getting benefits.

Let me give you a small example of why you should buy Bitcoin. 13 years ago today, a man bought two pizzas with 10,000 bitcoins. You just see where the value of Bitcoin has gone over the course of 13 years. I think if you understand what I'm saying then you should have no hesitation in investing in Bitcoin. I lost a bit by investing in Bitcoin and immediately sold my investments you will never get success from Bitcoin by doing so.  

Invest a certain amount of money and leave it for a long time. Hopefully, Bitcoin investment will not disappoint you when you login to your wallet after a long time.

Someone have already convinced you to invest in bitcoin but you are not convinced yet, what do you want us to tell you in the forum here that will convince you? Since someone have already introduced you to forum and you don’t feel convinced, then you have to seat yourself down and convince yourself, nobody is going to spoon feed you here, if you are not convinced yet, then you might not just invest, maybe you will be among people that will be regretting later in the future why they didn’t invest in bitcoin when someone introduced them to bitcoin.

Take your mobile device visit google and read more about bitcoin or visit YouTube and watch some videos about bitcoin and cryptocurrency generally maybe that will convince you to invest, and if you are not still convinced then you can just leave bitcoin. Now the market is down, when you experience a bull run now, you will be convinced, but you might not get bitcoin at this cheap rate anymore.

So you mean that your friend told you become very rich by investing in bitcoin? I am sorry to tell you but the times where you can become very rich in a short period of time with bitcoin is over. Everybody in the world has heard of bitcoin by now, it's not a secret anymore. The times where you could mine a lot of coins or buy them cheaply is also over. Which doesn't mean that bitcoin isn't a bad investment, compared to other asset classes bitcoin offers a lot of advantage and should be part of any portfolio these days. It's important to have realistic expectations about the returns of bitcoin. If you are fine with making solid returns over longer period of time then you should definitely buy bitcoin, but if you are looking for a way to get rich overnight than you should be looking at the alt coin market and take more risky coins.

Don't invest in Bitcoin because of what crypto analyst or experts are saying online, there's no guarantee of whatever they said happening. These experts has been wrong so many times that if you follow their advise, you would end up disappointed. They predicted Bitcoin to trade at $100k last two years but it didn't happen. These guys will say everything positive to convince you to buy their courses or subscribe to their channel.

Why you should invest in Bitcoin is because of the privilege that comes from using Bitcoin. Bitcoin is decentralized so when you use it your transaction are anonymous and if you invest, you have a highly percentage of getting a good return when the bull market starts.