Well, who wouldn't appreciate a digital asset that grows on its own, free from the worries of taxation or government regulations on how much you can have?
You're right that Bitcoin is a digital asset that's free from regulations but it doesn't grow by its own there is a huge community to help it grow and they all are the supporters of the Bitcoin and its concept. Bitcoin can be acquired without any taxation but it isn't free from taxes and if the authorities found that you have enough Bitcoin then you may have to pay taxes. IRS has classified Bitcoin as a property and that's why it isn't free from taxes anymore in some regions.
Ever since I learned about the dollar-cost averaging (DCA) strategy on this forum I've been committed to acquiring at least 1 BTC. It doesn't feel impossible anymore.
That's a great strategy to acquire 1 Bitcoin because with that strategy you weekly or monthly spend some percentage of your earnings to purchase Bitcoin and if you continue that for some years then you'll be a proud owner of a Bitcoin.
Even though BTC is banned in my region, I've found a community of crypto enthusiasts on this forum, sharing and gathering information. I strongly believe that crypto will someday be accepted worldwide.
I would recommend you to be careful with your investment in Bitcoin if it's banned in your region. I know that this forum is the best place where most Bitcoin lovers are present and you'll get a lot of information about Bitcoin from this forum but still you should be careful when investing in it because if something is banned in your country then it's a trouble taking job to hold that thing. I would recommend you to be very careful because if your government somehow gets information about your Bitcoin holdings then they can seize your coins and take legal action against you.
As for my favorite reason for choosing Bitcoin over fiat currency, it's the sense of control and potential for growth that it offers. Plus, I'm in good company here, so feel free to share your thoughts too! 😊
Well, almost everybody is interested in Bitcoin because of its decentralization and its potential to grow higher in value. The features that Bitcoin offers are unquie and the community that is backing up it is also huge. Fiat isn't anywhere close to Bitcoin when it comes to sense of control and that's why it's always better to choose Bitcoin and continue investing it in a secret way. Never ever tell anyone about your investment and again be careful because investing in it in a banned region may have some risks involved.