Topic: Can you give one reason why I should buy bitcoin? - page 5. (Read 1280 times)

To be free of governments outreach, that has been the number one reason for me personally. I live in a nation that I do not enjoy the government, it is not a unique position, right now in the USA republicans do not enjoy Biden, and when Trump was president Democrats did not enjoy him, when Macron is president people do not enjoy him, but when La Pen or whatever her name is campaigns, they do not enjoy her neither, when Labor offers a president people don't when Boris or any other one gets elected no brit like them neither. All in all people all around the world dislike their government, its a global thing, no matter where you go, you will find a lot of people who dislike their government, its so common that it would be as common as breathing. Hence, to keep your money being devalued because of them and keep it at bitcoin makes so much sense to me. In fact, I made a profit even when nbitcoin went down, because it went down in dollar, but dollar went up against lira, so I made a profit in lira. This is exactly why.

OP, I know that there are some situations where, when one is not really self-convinced about something, they ask questions out of desperation, and while they sometimes get a lot of answers and opinions, they might not really still know the best opinion to take or might not still have valid reasons within themselves to get convinced about what they are making an inquiry about. If you are still reading this thread, first I want you to read about Bitcoin and know what it is all about. It won't take you more than two months to read and learn a lot of things about Bitcoin if you devote your time. When you are done learning, you can ask yourself this same question, and if you feel convinced, then you can invest, as well as read all the opinions you got on this thread.

If you must know, Bitcoin is very volatile in price, and when investing in Bitcoin, you should not really depend on it as your only source of income. If you do so, you might not be holding your Bitcoin for a long time, and you might not be making any good profit since you didn't hold for a long time. Those things and others are what you should know first, and they will help you when you have invested. Normally if you invest into Bitcoin during bear market, and hold till a big bull market comes, you will make profit of which waiting for bull market to come requires a lot of patience because in can take months before you experience bull market. Also, a bear market requires you to endure or take advantage of buying more. Read more and learn, mate.

I think that investing in crypto is a bit false concept. It should be called not investment, but purchase. Investment is something which brings instant profit. BTC can't bring instant profit, it can either bring some money after a long period of time, or do it's best to prevent the owner form losing everything in case of fiat inflation (now there is a high risk of dollar and other fiats inflation, but, unfortunately, it can affect BTC as well, so hodling BTC is not a guarantee to save money in case of fiat inflation). So you can consider buying some btc, just in gambling style - without being sure that it will make you rich.

Why would you need random people in a public forum to give you enlightenment and ideas about why you should invest in something? If you are eager to learn about it, go ahead and do your research, and if you like it, you should go for it, and if you don't, simply move on. It's your money so it should be your choice too. Asking people in a Bitcoin forum about how Bitcoin is won't provide you with negative answers and you also know it.

And we all know that you are here only because you've seen the significance of Bitcoin and other cryptocurrencies and their influence on the world, and if that is the case, you are obviously willing to invest but you just don't want to do it without hearing it from others. I would suggest you do some reading and that will surely clear your mind.

Well, I wouldnt be the one to convince, I've have sworn to never try to convince anybody to invest their money in bitcoin or any other crypto currencies, simply because, several people do not understand what being responsible for their own decision means, they will always turn around to blame the person who advised or convinced them, if at the later part, things seems not to go out as planned, this is a situation I've encountered myself through convincing many people.

I would just advice you read up more about bitcoin, there are many great resources online, you could even buy some bitcoin and cryptocurrency books and read, bitcoin is the future, but I wil not convince you or make you believe me, you have to convince yourself through your own research.

The reason is very simple: bitcoin can bring you a lot of money. Compared to profit, this is something that other financial channels cannot match. For example, the fact that you deposit bank interest and have to pay a penalty if there is a problem before withdrawing before the deadline In addition, the procedures are also very cumbersome, whereas with bitcoin, you only need to own a good, secure wallet and then buy them on exchanges. However, it is still necessary to remind yourself about the assets and risks of investing in bitcoin if you do not know anything about it.

It means, support and people did it eventually after seeing the potential of Bitcoin, and the government and banks have been getting troubled.
Well, it is something to say that not all who buy Bitcoin had think the same as you, they are motivated and get the courage to buy Bitcoin as an investment, not as a financial revolution due to its possible huge profit return. In fact, this is the mean reason why people are coming, considering this as fiat remain optional because in major countries, it was not yet accepted as mode of payment.

If you buy Bitcoin, it is as if you are taking part in the financial revolution by being part of a transformative technology that has the potential to reshape the traditional monetary system in which we live. You want to be not only a witness but an active member of this revolution.

One reason you should buy Bitcoin is that you can make a lot of money here. Investing in Bitcoin is game-changing. If you have a large sum of money that you want to deposit in a bank, it is preferable to invest in Bitcoin. For me, it is more practical to invest in Bitcoin because its current price is still extremely low; otherwise, you will make very little per year if you invest in a bank. I'm just reminding you not to invest in Bitcoin if you truly need your money since you can wind up selling it at a loss if its price falls.

For me the reason to buy Bitcoin is the fact that this is the simplest way make and start investing. To do the same in bank, you need to first create an account, make deposit, if needed, present the proof of funds and so on. In bank it will be a time consuming procedure. With Bitcoin, all you need is a mobile phone and 5-15 minutes of time to become an investor. Also there is no minimum amount for purchase, so entrance level is affordable for everyone.

Likewise other business and trading option, and also to consider the current demands and versatility of market, I think trading in cryptos, especially in Bitcoin is a very attracting opportunity. There are several reasons why someone might consider buying Bitcoin, but it's important to note that investing in cryptocurrencies like Bitcoin carries risks and should be approached with caution. Involving in any business of trade has always risk , but it depends on you, how you play. It's crucial to conduct thorough research, understand the risks involved, and consider consulting with a financial advisor before making any investment decisions If you are knowledgeable and well-informed, you must engage in Bitcoin trading.

many of the new investors do not understand cryptocurrencies, so they entrust investment to other people with tempting offers. even though if they are already familiar with bitcoin then such a thing should not be done, as long as they want to learn I don't think it's ever too late to start. and if we still don't understand, I think buying bitcoin and holding it until you get a profit will be better, so that we actually know bitcoin investment is an investment that is not high risk

Bitcoin has become a store of wealth as opposed to its original purpose of being a method of online transactions between two entities.  In that vein, having a small portion of your portfolio in Bitcoins is a sensible idea.  Don't chase the next big thing, chances are it isn't that great.

exactly ,so if there comes a downside or losing there is no one to blame but yourself,
I keep asking why people let themselves enters investing from others when this is our money and our losses in case.
maybe what people need to understand is how this market flows and go , and not just the profit but the complete understanding of crypto market.
buy at your own risk and this is the motto what they need to stand for.

If I should say "yes, buy Bitcoin and invest" is like I'm interfering on how you use you money, is best to seek out the best informative advise about Bitcoin at this period, then is left for you to decide if you'd like to buy it not.
Well, a panel of 32 financial technology and cryptocurrency specialists has projected that the price of Bitcoin would grow during 2023 and to me I just feel that this is the best moment to buy Bitcoin as the case may be and they [the specialists] are peaking at $42,225 before finally ending of the year at $35,459, according to the results of a poll carried out by the investment platform Finder and shared with Finbold on April 19.
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Some of these informations could help you decide if you'd want to or not, nobody can tell you on how to spend you money but the information you get could help you decide if you'd like to spend/invest your money on Bitcoin or not.

One reason why you might consider buying bitcoin is that it offers the potential for long-term growth and the possibility of diversifying your investment portfolio. While bitcoin's price can be volatile in the short term, over the long term, many investors see it as a hedge against inflation and a potential store of value that can help protect against economic uncertainty or global market downturns. Additionally, some people are drawn to bitcoin for its decentralized nature and its potential to disrupt traditional financial systems. However, it's important to note that investing in bitcoin involves risks and you should carefully consider your financial situation and risk tolerance before making any investment decisions.

The better idea about the Investment in Bitcoin is that your money will be multiply and increase whenever a specific time of elevation comes. There is not a bad thing in bitcoin investment but remember that little sum at start will be beneficial and I think that one who does not create his interests in bitcoin cannot achieve his desired aims because every success is related to the interests and focus of the individual.

You should use your own mind because you have to use your own money so acceptance of success and failure will be yours therefore take your own decision without taking suggestions from others.

Same me too, never trust with advise about investment without knowing what bitcoin is and how it functions of cryptocurreny. I always say to anyone who want invest on BTC or crypto for always DYOR (Do your on research). If someone else want to invest on crypto and need advise from me, i will tell him about dark side of crypto/BTC so he will making the right startegy and analysis to avoid loss due to on crypto market is high risk than other investment

Each person is interested in investing in Bitcoin for different reasons viz
1. As the price of Bitcoin is always fluctuating, it is possible to earn profit by investing here
2. Huge amount of money can be invested here without any banking hassles
3. Investing here is completely in our hands. and because of its value, it can be sold at any time
4. Many products can be purchased through it and there is no limit on payments
5. Many times tax can be evaded
6. Annual profit is very high which is not possible to get in any other investment
There are many benefits of Bitcoin investment like these and that is why people are interested in Bitcoin.  But despite all these benefits there are many risks so you must keep the risks in mind before investing in Bitcoin

Well said! OP is asking for advice on whether they should invest in Bitcoin but to be honest it is a personal decision that no one should interfere with. If someone truly believes in the bright future of Bitcoin then they should go ahead and invest. However, if they don't share that belief it's better for them to avoid investing.

Personally, I prefer not to advise anyone to invest. I can explain what Bitcoin is and provide information but when it comes to investment decisions, I won't force or advise anyone. It's important to avoid situations where someone may later blame you if they experience losses.