Topic: My thought outline on wether to invest in bitcoin. (Read 1290 times)
I believe in increasing the value of bitcoin in the future. I have seen the market in recent years have something in common and I have a hunch that there is a price surge coming up. For the years 2014-2015-2016-2017, bitcoin and altcoin prices increased from April to June.
I would have better invested in bitcoin because right now is a very good start to the growth of bitcoin and so it's impossible not to agree with the fact that it's better to just sell when growth is on the verge.
Yeah right now price of bitcoin is very good to invest in bitcoin right now because it is on the way to go high but it Is not very high, if you will buy some bitcoin today and you will hold it to sell at the time of high price then you will be in profit without doing anything, now in market bitcoin is at increasing demand but it is not available as much bitcoin people need so buy right now it is good chance, holding will make you good at bitcoin earning gradually and you will feel the price difference soon.
investment is the best choice especially if we do in a long period of time will definitely provide a considerable advantage.
The author of this topic is not quite correctly understands the meaning of the existence of bitcoins and other digital currencies. No one will regulate this market very much, because it is not profitable. Cryptocurrencies are a gold mine for large investors.
At what price did you invested to the BTC?
At 5k$At what price did you invested to the BTC?
At 5k$
I would have better invested in bitcoin because right now is a very good start to the growth of bitcoin and so it's impossible not to agree with the fact that it's better to just sell when growth is on the verge.
At what price did you invested to the BTC?
At 5k$ What is it BTC?
It's cryptocurrency 
You are very correct with your analysis and also well equipped with the knowledge of bitcoin volatility and decentralization which make it very hard to be control by either government or any financial institution.
As to offchain solutions (LN), there is talk and strong argumentation that it will be centralized too. I don't know. Only time will tell.
In a certain way, everything can be seen as centralized, even on-chain transactions. At the end of the day, you still need miners to include your transaction in their blocks, where if they want, they can just ignore transactions from certain addresses/services they don't like. I am even inclined to think that this has already happened by various rogue miners, just to troll Bitcoin and make it look incompetent. In the same way, that goes up for the fees the users end up paying. If miners want, they can just initiate a massive spam attack artificially increasing their fee income significantly. Great thing about second layer applications, is that they provide optional features, and thus you aren't forced to use them if you don't want. I like that bit of freedom.
Well this is one point I don't agree with. Bitcoin core value is (as per Satoshi's White Paper) being a peer-to-peer electronic cash system and this core value has been proven many times over and again not to work as intended. True, workarounds (Ligthning Network) has been proposed, but still the bitcoin's core value has been devalued.
Don't really agree with that. First the fees are better again, since segwit finally start getting some adoption. Exchanges, that are still responsible for the majority of bitcoin transactions, are also being more careful the way they make the transactions (batching them for example) and this is having a great impact in BTC fees and speed.
This is not enough of course, and for that reason we have the LN that should fix this. Is not ready yet, but it's "close" (hopefully should be ready this year, since we keep seeing more and more LN nodes and channels on the main net).
The workarounds are needed, for scalability and I think off chain solutions are much better than the ones being pursuit by other coins, since those will result in a very centralized coin, and that was not the original objective behind bitcoin.
As to offchain solutions (LN), there is talk and strong argumentation that it will be centralized too. I don't know. Only time will tell.
I think you are on the right idea here mate. in my opinion you should invest in alts and use bitcoin as a store value for the returns of those investments.
It is challenging to get profit in the market, but it is easier if there are specific plans for investing. At present, in my country, more than 20% of people know and participate in Bitcoin, but there are Lots of people are unlucky and take back the risks. 
The fact that you are putting thought into it rather than hope is a good sign. I'm not sure that any useful TA can be done in the bitcoin markets, but it's better than listening to someones wishful guesses.
Well this is one point I don't agree with. Bitcoin core value is (as per Satoshi's White Paper) being a peer-to-peer electronic cash system and this core value has been proven many times over and again not to work as intended. True, workarounds (Ligthning Network) has been proposed, but still the bitcoin's core value has been devalued.
Don't really agree with that. First the fees are better again, since segwit finally start getting some adoption. Exchanges, that are still responsible for the majority of bitcoin transactions, are also being more careful the way they make the transactions (batching them for example) and this is having a great impact in BTC fees and speed.
This is not enough of course, and for that reason we have the LN that should fix this. Is not ready yet, but it's "close" (hopefully should be ready this year, since we keep seeing more and more LN nodes and channels on the main net).
The workarounds are needed, for scalability and I think off chain solutions are much better than the ones being pursuit by other coins, since those will result in a very centralized coin, and that was not the original objective behind bitcoin.
Please provide feedback where you disagree but also please let me know where you agree
Cons
• Tethering subpenoa by US government
• US banks boycotting bankers ability to purchase bitcoin
• Facebook banning adds
• Recent news about scammers
Cons Summary: Bitcoin has been made harder to purchase and potential users are less secure in their purchase.
Pros
• Bitcoins history to bounce back
• At its core the value that is provided by bitcoin as a service has not been devalued.
• Despite negative news bitcoin has held positive hype and faith from its community.
Unanswerable questions:
• What is bitcoins actual value minus any hype and with all future regulations added?
• How far down is bitcoin going to go? (guess 2-5k)
• How far back up is going going to go in a 5 year time span (guess 50k)
Conclusion
Bit coin will continue to be volatile but its actual value will not be effected by banks/government.
People will continue to invest
Long term value will continue to raise
Invest 1-2k in bitcoin leave in for 5 years as soon as it hits below 2-5k
Cons
• Tethering subpenoa by US government
• US banks boycotting bankers ability to purchase bitcoin
• Facebook banning adds
• Recent news about scammers
Cons Summary: Bitcoin has been made harder to purchase and potential users are less secure in their purchase.
Pros
• Bitcoins history to bounce back
• At its core the value that is provided by bitcoin as a service has not been devalued.
• Despite negative news bitcoin has held positive hype and faith from its community.
Unanswerable questions:
• What is bitcoins actual value minus any hype and with all future regulations added?
• How far down is bitcoin going to go? (guess 2-5k)
• How far back up is going going to go in a 5 year time span (guess 50k)
Conclusion
Bit coin will continue to be volatile but its actual value will not be effected by banks/government.
People will continue to invest
Long term value will continue to raise
Invest 1-2k in bitcoin leave in for 5 years as soon as it hits below 2-5k
There is no doubt that the analysis does not proclaim anything that is not true . All the pros and cons are accurately defined and mentioned .
But the fact is that most of the people will look out for cons and will make a very conservative judgement about bitcoin . it is true that the ads related to crypto has also been banned from facebook but that would just affect a very little percentage of its overall performance . Look at the charts , its already rising again.
What is it Bitcoin?
Please provide feedback where you disagree but also please let me know where you agree
Cons
• Tethering subpenoa by US government
• US banks boycotting bankers ability to purchase bitcoin
• Facebook banning adds
• Recent news about scammers
Cons Summary: Bitcoin has been made harder to purchase and potential users are less secure in their purchase.
Pros
• Bitcoins history to bounce back
• At its core the value that is provided by bitcoin as a service has not been devalued.
• Despite negative news bitcoin has held positive hype and faith from its community.
Unanswerable questions:
• What is bitcoins actual value minus any hype and with all future regulations added?
• How far down is bitcoin going to go? (guess 2-5k)
• How far back up is going going to go in a 5 year time span (guess 50k)
Conclusion
Bit coin will continue to be volatile but its actual value will not be effected by banks/government.
People will continue to invest
Long term value will continue to raise
Invest 1-2k in bitcoin leave in for 5 years as soon as it hits below 2-5k
Cons
• Tethering subpenoa by US government
• US banks boycotting bankers ability to purchase bitcoin
• Facebook banning adds
• Recent news about scammers
Cons Summary: Bitcoin has been made harder to purchase and potential users are less secure in their purchase.
Pros
• Bitcoins history to bounce back
• At its core the value that is provided by bitcoin as a service has not been devalued.
• Despite negative news bitcoin has held positive hype and faith from its community.
Unanswerable questions:
• What is bitcoins actual value minus any hype and with all future regulations added?
• How far down is bitcoin going to go? (guess 2-5k)
• How far back up is going going to go in a 5 year time span (guess 50k)
Conclusion
Bit coin will continue to be volatile but its actual value will not be effected by banks/government.
People will continue to invest
Long term value will continue to raise
Invest 1-2k in bitcoin leave in for 5 years as soon as it hits below 2-5k
Well this is one point I don't agree with. Bitcoin core value is (as per Satoshi's White Paper) being a peer-to-peer electronic cash system and this core value has been proven many times over and again not to work as intended. True, workarounds (Ligthning Network) has been proposed, but still the bitcoin's core value has been devalued.
Please provide feedback where you disagree but also please let me know where you agree
Cons
• Tethering subpenoa by US government
• US banks boycotting bankers ability to purchase bitcoin
• Facebook banning adds
• Recent news about scammers
Cons Summary: Bitcoin has been made harder to purchase and potential users are less secure in their purchase.
Pros
• Bitcoins history to bounce back
• At its core the value that is provided by bitcoin as a service has not been devalued.
• Despite negative news bitcoin has held positive hype and faith from its community.
Unanswerable questions:
• What is bitcoins actual value minus any hype and with all future regulations added?
• How far down is bitcoin going to go? (guess 2-5k)
• How far back up is going going to go in a 5 year time span (guess 50k)
Conclusion
Bit coin will continue to be volatile but its actual value will not be effected by banks/government.
People will continue to invest
Long term value will continue to raise
Invest 1-2k in bitcoin leave in for 5 years as soon as it hits below 2-5k
Cons
• Tethering subpenoa by US government
• US banks boycotting bankers ability to purchase bitcoin
• Facebook banning adds
• Recent news about scammers
Cons Summary: Bitcoin has been made harder to purchase and potential users are less secure in their purchase.
Pros
• Bitcoins history to bounce back
• At its core the value that is provided by bitcoin as a service has not been devalued.
• Despite negative news bitcoin has held positive hype and faith from its community.
Unanswerable questions:
• What is bitcoins actual value minus any hype and with all future regulations added?
• How far down is bitcoin going to go? (guess 2-5k)
• How far back up is going going to go in a 5 year time span (guess 50k)
Conclusion
Bit coin will continue to be volatile but its actual value will not be effected by banks/government.
People will continue to invest
Long term value will continue to raise
Invest 1-2k in bitcoin leave in for 5 years as soon as it hits below 2-5k
I don't really agree with some things you said. First I don't think facebook adds ban is bad for bitcoin (same thing goes for rumors concerning google and twitter banning adds as well). On worst case scenario it could affect new coins trying to emerge the market, but not bitcoin. Everyone knows what BTC is, and it doesn't need to use those types of advertisement, so it's not a Con for bitcoin.
I also don't think that buying bitcoin was made harder. Ok, you can't buy it with credit card, but you can make a bank transfer to coinbase or other well known exchanges. You even saw circle getting into the space by buying poloniex, and you even have other well known platforms like Robinhood, so it's still quite easy to buy BTC. Yes you need to comply with KYC, but is there real any problem with that?
I do agree with your long term plan though, specially when you say that the value offered by bitcoin as a service hasn't changed. In fact I think it has improved, so the future still looks good for bitcoin in my opinion.
Still, people are investing and I think they are doing the right thing because the price of bitcoin and other cryptocurrencies will only grow. But you still should analyze the price.
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