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Topic: Is bitcoin best option to invest - page 9. (Read 1206 times)

sr. member
Activity: 1386
Merit: 406
August 09, 2023, 11:42:31 PM
#26
One of the best options to invest in crypto right now is Bitcoin. There are several ways to invest, such as business investment, investment in real estate sites, out of all these, Bitcoin is one of the most reliable investment sites. If you want to build your own business, you must invest in that business, but if you are looking for a good investment platform outside of business, then Bitcoin is the best choice for you. Bitcoin is one of the best virtual coins to invest in. Bitcoin can be used as everything you save and invest. Right now many people are holding bitcoins instead of keeping money in the bank, in this case they are saving money and by holding bitcoins there is a great possibility of increasing their money in the future. Considering all these things, Bitcoin seems to me to be a reliable investment platform.
full member
Activity: 1190
Merit: 105
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August 09, 2023, 11:22:26 PM
#25
Investing in Bitcoin can actually make sense if you consider it carefully and have enough finances after securing the family needs. With good money management and not putting too much risk on family finances, you can ensure that you have enough money after meeting your daily financial needs.

However, I also want to emphasize that Bitcoin is not just a way to make a quick profit. Many people actually see Bitcoin as a way to protect asset value amid the volatile landscape of traditional currencies. This can help them maintain the value of their assets and protect against unwanted variation.
full member
Activity: 1442
Merit: 116
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August 09, 2023, 09:03:32 PM
#24
There are many types of investment, of which I only know Property/real estate, Gold and other
precious metals and gems, stocks and bonds.

Personally I'm not interested in anything other than Bitcoin, I'm all in on Bitcoin and thats
the way it going to be going forward.



I doubt this statement, I don't believe there are people who don't need gold, don't need real estate because those are practical and necessary everyday things. I know that bitcoin is a potential investment but the reason we chose it is because we want high returns and want to get rich quickly, not because it is safer than other investments. Bitcoin is not considered a get-rich-quick investment, but you can't deny to me that bitcoin has the potential to get rich faster than gold and real estate. We want to get rich with our limited capital in bitcoin, we cannot get rich with that money in gold or real estate, and that's why we are here, IMO.
bitcoin is the hope of getting rich but you have to have knowledge about bitcoin investment, real estate is indeed safer and is an investment that has a future, but it takes large funds to buy it, of course people who are already rich can buy it, it's different with me who not yet able enough to invest in real estate, so I decided to invest in bitcoin with an investment amount according to my finances and whenever it can be done, as long as we are patient, of course investing in bitcoin contains a little risk
member
Activity: 392
Merit: 31
August 09, 2023, 08:38:45 PM
#23
indeed many people invest in btc without prior knowledge, and many think that investing in btc will get huge profits in a short time, and do not realize that btc has a fluctuating nature and when the price of btc drops, they immediately panic sell it and end up losing. but if knowledge is prioritized, of course the potential loss will be small. so investing in btc is the best choice if we prioritize knowledge before investing in btc, and it is true that investing in btc must be made a side business.
hero member
Activity: 770
Merit: 538
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August 09, 2023, 08:27:34 PM
#22
OP, don't forget that right here on this forum there are still mature investors who have been in this crypto space before you; they have bought Bitcoin at a very low price before you; you might not have even bought any Bitcoin or have sold the one you bought earlier, but most of these Investors are still holding on to their Bitcoin, and they are millionaires. So now, do you think your idea of Bitcoin justifies it as something that is not worth investing in? Do you think this is something that should not be considered worthy of investigation but rather invested in other things, like you said?
Well, @OP, everyone has a choice about what they want. For someone who has gained knowledge and understands the basics of Bitcoin, they would really prefer Bitcoin investment to other things, but that doesn't mean all hope must be on one investment. Even for those investors that invest primarily in stocks, they have a lot of stock to invest in, so they are not only relying on one stock investment; otherwise, they will not be richer.


If you see that some have made a lot of profit on a particular investment, that's because they understood the principles involved and also respected due process. One of the laws of Bitcoin Investment is that "if you don't hold, then you won't be rich." Many people hold, and they are rich, and many people are still holding, but some people sold because of fear and that's as a result of lacking proper orientation of what they have invested on.


There are a lot of different forms of investment, and every individual is really going for the one that they deem fit, but to me, it doesn't mean that one investment is better than the other. Every investment has its risks, and not every investment is profitable, but what matters is how you are able to manage the risks involved in the investment that you are making. Bitcoin investment also has its own rules, which anyone who understands them would follow to make a profit. That's also how stock has its risk; gold too; real estate also has its risk; even the import and exporting business you talked about has its risk; and above all, if you don't understand the risk of the investment you are into and learn how to manage your investment, then it will not be very fruitful.
legendary
Activity: 1974
Merit: 1108
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August 09, 2023, 07:45:58 PM
#21
There are many types of investment, of which I only know Property/real estate, Gold and other
precious metals and gems, stocks and bonds.

Personally I'm not interested in anything other than Bitcoin, I'm all in on Bitcoin and thats
the way it going to be going forward.



I doubt this statement, I don't believe there are people who don't need gold, don't need real estate because those are practical and necessary everyday things. I know that bitcoin is a potential investment but the reason we chose it is because we want high returns and want to get rich quickly, not because it is safer than other investments. Bitcoin is not considered a get-rich-quick investment, but you can't deny to me that bitcoin has the potential to get rich faster than gold and real estate. We want to get rich with our limited capital in bitcoin, we cannot get rich with that money in gold or real estate, and that's why we are here, IMO.
hero member
Activity: 1148
Merit: 555
August 09, 2023, 07:09:49 PM
#20
In your opinion, importation and exportation is a better investments than bitcoin. Importation and exportation is a business and that is why it’s able to bring income and cash flow to the business owner, Bitcoin is not a business and should not likened to one, but an investment that is more profitable in the long term. Also you mentioned Real Estate as a higher investment than Bitcoin, I’m not sure what your criteria is but I’d like to ask you which is more affordable to buy? Bitcoin or Real Estate?
full member
Activity: 700
Merit: 205
August 09, 2023, 06:35:24 PM
#19
Theirs so many investment to invest but many people are seeing bitcoin as the highest place to invest their money but I'm not seeing bitcoin as highest investing plan ever,
Then what are you doing here since you don't take bitcoin as the highest coin for investment.  As others have said, bitcoin is the highest cryptocurrency to invest in and after bitcoin then Enthereum.  But before you invest in bitcoin make sure you know the in and out. The risk involved in it so that you will not blame anyone for your downfall.
Is not good not to research, when you research of things you pick some point's,  many people here have their way of life and their way of understanding somethings of bitcoin, from past thread I read so many of the people who invested in bitcoin advice us that is beginners in bitcoin investment that it should be our second option of investment, so I'm telling you guys that bitcoin is not highest option for investment but many of you rise against my statement, diversify your source of income not only in bitcoin and don't take bitcoin investment as the key investment because its a virtual currency despite that its a decentralized currency
sr. member
Activity: 728
Merit: 421
August 09, 2023, 05:13:06 PM
#18
To the best of my knowledge, Satoshi invented the bitcoin to serve as digital currency in place of fiat which is working perfectly well up till this point in time but the truth is that it was turned into an investment option as the value began to appreciate years back. People started seeing the worth and was quick to trade with it to see how it goes and it happened that they traded some good fortune from it and they saw the need for holding which in the sense means they have seen the potentials of bitcoin growing in value in years to come which made them took advantage of it and from there bitcoin was seen as an investment option and I also see the reasons for it too because as time goes on, there is always a room for improvement and I believe the idea of bitcoin investment was the improvement to serve human better.

OP bitcoin being an investment option still looks like other investment out there which one engages to make profit. As we all know, there is always ups and downs with investments and bitcoin is not exempted. In as much as it is a volatile asset, one needs to understand that volatility is the nature of such assets and nobody can predict the next swing as it is adversely affected by many factor which it is dependent on and vice versa.

One thing I think you should know about investment is that there is no business or investment that is risk free. All investment have their trying times and good times as well but your ability to take advantage of every market situations puts you on the right track.
legendary
Activity: 3234
Merit: 1214
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August 09, 2023, 05:09:43 PM
#17
I would say BTC is one of the most interesting, but it is not an investment alone. It is also freedom, no one else has access to the Bitcoin except you. For many people, it is not easy to buy Bitcoin, or it is forbidden. Everything that is forbidden makes it more interesting.

An investment is also possible with a target, be it with a fixed interest rate. Or a real estate project, but the risk is higher, also the profit. But these are funds managed by banks.
Bitcoin is a multi purpose asset that can be used on different needs. Having a non custodial wallet makes the bitcoin within the wallet be like money in our bank. It serves as a transaction source, currency and on different other needs. However majority prioritise bitcoin for the growth it provides over the investment. The market fluctuation used to be high against other forms of investment. This makes it riskier, but the person who is able to hold with patience profits for sure.
hero member
Activity: 2212
Merit: 805
Top Crypto Casino
August 09, 2023, 04:51:10 PM
#16
The narrative about bitcoin being promoted to the mainstream about it being a get rich scheme is done by influencers. Most influencers talk about Bitcoin as an investment opportunity and a lot of people that investing in Bitcoin in the past especially in bull runs bought in as s result of this. Majority of these people know very little to nothing about Bitcoin or it's purpose - ignoring the upside benefits of the network. The way to correct this is that moving forward, we talk about the all benefits including the financial/technological/economical benefits that come with Bitcoin as opposed to shilling it everyday as a get rich scheme which ends up creating bad impressions about bitcoin when things go south (eg: price going down in a bear market for someone that bought in during the peak of a bull run.)
legendary
Activity: 2198
Merit: 1663
August 09, 2023, 04:17:56 PM
#15
I would say BTC is one of the most interesting, but it is not an investment alone. It is also freedom, no one else has access to the Bitcoin except you. For many people, it is not easy to buy Bitcoin, or it is forbidden. Everything that is forbidden makes it more interesting.

An investment is also possible with a target, be it with a fixed interest rate. Or a real estate project, but the risk is higher, also the profit. But these are funds managed by banks.
newbie
Activity: 4
Merit: 0
August 09, 2023, 03:56:34 PM
#14
IMO, all the investment options have their effective terms, and these may also depend on your location. For example, in my country, the share market averages around 10 years+ and real estate is 20 years+.

According to current experience (though this might be different in the future), Bitcoin can be a 4-year investment with a high enough return that works globally. This is much better than most options, but yes, it is not the highest-return strategy. Well, usually, a higher return means higher risk. If you are expecting a very short-term and super high return, that is speculation.

So, in short, if you want to save your money and not move it for an average of 4 years, Bitcoin is a sound investment.
legendary
Activity: 2954
Merit: 1153
August 09, 2023, 03:53:24 PM
#13
Theirs so many investment to invest but many people are seeing bitcoin as the highest place to invest their money but I'm not seeing bitcoin as highest investing plan ever, I don't know people have not invested in bitcoin is thinking of bitcoin as investment you can make millions dollars when you started, I'm preaching to change our people mindset of bitcoin investment so that they will not hope that bitcoin investment make somebody to be rich the way they think of it.

Taking the idea that Bitcoin is not the highest investing plan ever, you could have set an example of which one is way better than Bitcoin.  Stating something that is arguable should be given a fact and not just stating something without any support or proof.  This way, your argument will be stronger and can't be taken as a trash.


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Some people have not known that so many people who are investing in bitcoin doesn't fully depend on bitcoin as most generating income, they are using bitcoin as their side hustle, let us reduce the mentality of people and sense of humour by not seen bitcoin as the shortest way to make money, And if they should continue with such believe they may commit suicide when they put all their money and problems in bitcoin and lose by the end of the investment.

Most investments are taken as a side hustle, you cannot rely on your investment to support your daily needs.  Since investment needs time to mature before profit can be taken from it.
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We have other investment that we can make money with, importation and exportation and also real estate management and also gas plant business that will be given weekly and monthly income depends how broad is the business and management, sometimes people do teach their children bitcoin and its not bad but let us teach our children other investment that can profit them as we think that bitcoin will profit then in future. Whoever that is having bitcoin as major source of income should spread it source of income and make bitcoin a side hustle.

Now you've given an example, you could also give the statistics of how much these kinds of venture produce.  The hustle of setting them up and the possibility of success and failure in this venture. I agree that there are other investments than Bitcoin but the question is the amount of return vs. the effort, the timeframe and the amount of money needed to start up those ventures.

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It's good to invest in bitcoin but let us remember that it's a virtual and any money and profit we make in bitcoin should be directed to establish another business that will be seen physically and be managed physically.


I think we already bridged the lines of physical investments, there are lots of virtual investments that produce high yields such as online stores, online support services and many more.  As long as te person knows how to manage his finances, I do not think they will just throw all the profit they get in their Bitcoin investment.
legendary
Activity: 2394
Merit: 2223
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August 09, 2023, 03:42:17 PM
#12
Investing in Bitcoin can be a strong choice if managed well and if you have sufficient funds after covering your family's financial needs. However, it's important to note that Bitcoin is an investment with no guaranteed returns. It's possible that you might need to wait a considerable amount of time to see a recovery in its value due to its high volatility. Therefore, determining whether Bitcoin is the right investment depends on various factors.
hero member
Activity: 868
Merit: 952
August 09, 2023, 03:38:44 PM
#11
You have not read some articles of bitcoin, even a good cryptocurrency investor will tell you that bitcoin investment should be your side hustle, without being in signature campaign which investment do you have in bitcoin, investigate properly before making a conclusion, we need to make our investment to not be directed in one circle, at least recircle or extend our investment to another investment, why everyone is investing in bitcoin is because it's a decentralized currency and upon that I did not condemn bitcoin investment, I only said it will be good to invest in other side of investment and make bitcoin our side hustle

Investment is different from income generation. Many people you see today don’t even see it the way you see it. Yes it generates ROI but people store their funds in it to avoid devaluation that is caused by fiat, same as gold. The listed investment you pointed out are business investments where are daily income or profit is almost guaranteed. In bitcoin if you want such then you trade which is a bit closer in terms of risk to other businesses too. And yes virtually everyone will tell you to diversify but going to some of the listed investments by you requires more capital, more knowledge and most at times middlemen and also requires your daily attention. But with bitcoin every little amount is ok to start depending on your profit target and year to reap. With bitcoin you don’t need an extensive knowledge aside how to secure your funds except maybe it is trading your venturing into. So you see why bitcoin is the easiest investment hub people dwell into.

As others have said, bitcoin is the highest cryptocurrency to invest in and after bitcoin than Enthereum.  But before you invest in bitcoin make sure you know the in and out. The risk involved in it so that you will not blame anyone for your downfall.

I beg to differ but Ethereum shouldn’t be worth calling an investment coin because of some factors. Example is it purely follows bitcoin price trend although its investors will deny but should anything happen to bitcoin then it will also follow suit. Also many things like not totally decentralized, no amount of specific limited number of supply which is a great tool to measure the value of a product, and many more. So the only cryptocurrency for investment is bitcoin and every diversification based on my knowledge should be outside bitcoin and not into other cryptocurrencies
member
Activity: 994
Merit: 14
August 09, 2023, 03:27:03 PM
#10
Theirs so many investment to invest but many people are seeing bitcoin as the highest place to invest their money but I'm not seeing bitcoin as highest investing plan ever, I don't know people have not invested in bitcoin is thinking of bitcoin as investment you can make millions dollars when you started, I'm preaching to change our people mindset of bitcoin investment so that they will not hope that bitcoin investment make somebody to be rich the way they think of it.

Some people have not known that so many people who are investing in bitcoin doesn't fully depend on bitcoin as most generating income, they are using bitcoin as their side hustle, let us reduce the mentality of people and sense of humour by not seen bitcoin as the shortest way to make money, And if they should continue with such believe they may commit suicide when they put all their money and problems in bitcoin and lose by the end of the investment.

We have other investment that we can make money with, importation and exportation and also real estate management and also gas plant business that will be given weekly and monthly income depends how broad is the business and management, sometimes people do teach their children bitcoin and its not bad but let us teach our children other investment that can profit them as we think that bitcoin will profit then in future. Whoever that is having bitcoin as major source of income should spread it source of income and make bitcoin a side hustle.

It's good to invest in bitcoin but let us remember that it's a virtual and any money and profit we make in bitcoin should be directed to establish another business that will be seen physically and be managed physically.



What I don't understand is how you manage to get those merit you have there if this what you post here. This is pure gibberish. It clearly shows that you don't even know what you are talking about.
By the way, who told you that Bitcoin is the best investment option. Investment in BTC is just one many investment options.
legendary
Activity: 2436
Merit: 1362
August 09, 2023, 03:18:18 PM
#9
There are many types of investment, of which I only know Property/real estate, Gold and other
precious metals and gems, stocks and bonds.

Personally I'm not interested in anything other than Bitcoin, I'm all in on Bitcoin and thats
the way it going to be going forward.

I will die owning Bitcoin!

Yes there are profits to be made in all those other sectors I mentioned above but they will not
yield the same returns that Bitcoin will - why?

Where else can you store your wealth without it melting, evaporating or being chipped away at
by third parties?

What other asset can you have which doesnt require anyone else to manage it for you?

What other asset is as secure as the Bitcoin network and again not have a third party involved?

You see Bitcoin isnt just about 'returns' its about:
Security
Truly limited supply
Transportability
Borderless
Deflationary
Self custodial

and at the same time as more people discover what it offers its value increases, nothing
else offers this!

There is one public example of a person who is all in on Bitcoin and who has enlightened
many others about the merits of Bitcoin....

Michael saylor

If you need any convincing on top of my post check him out!
hero member
Activity: 1750
Merit: 589
August 09, 2023, 03:12:25 PM
#8
With the current situation of bitcoin (30k, had a huge possibility to pump in value in the next couple of months thanks to the halving and good news coming from left and right) it's actually a smart thing to invest in bitcoin as early as possible. And even if these things aren't here you could easily make money in bitcoin through holding, as what most people did in 2017 onwards. As of now it's no longer a measly speculative asset since there's a massive and consistent uptrend in value since 2009, and if you're going to trust that graph you best believe that soon enough as long as you play your cards right you'd be able to rake in money as well. So investing in bitcoin is a no-brainer especially if you're looking to invest for long anyway.
hero member
Activity: 1666
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August 09, 2023, 03:10:52 PM
#7
Importation and exportation also has risk so does every other investment, there is no one that is void of risk and there are Factors that affects all investment plans like Capital and timing just mentioning a few this factors are strong enough to determine who makes it from a particular investment opportunities and who doesn't.

Those who invested in Bitcoin and held prior to a bull run can testify they made good investment out of it and that's what timing can do.

I think you should rather teach people not to only see Bitcoin as a point of investment but also as a financial services solution to the traditional ways.
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