What is the essence of buying and hodling Bitcoin like is it to accumulate it till it attains ATH then we sell it off and wait for a dip and start buying and holdling again or just accumulate it and start using it as a digital means of exchange or are we going to continue till the 21 million Bitcoins have be mined, already 19 millions have been mined remaining 2 million because overtime, i have come across several topics about buy and hodl bitcoin so i actually wish to know the sole objective of acquiring bitcoins.
the major reason why everybody want to buy Bitcoin when the price is low and sell when the price is high is because of profit because the objectives of every investor is to make a profit so buying mind the prices low will be favorable to someone who want to venture into a long-term investment in Bitcoin so therefore every investor is likely to buy when the price is low so that during the bullrun they may likely make a profit through the investment, especially they likely to venture into long-term investment, the billionaires we have today through cryptocurrency investment especially Bitcoin ventured into long term investment not a short term Investment 
Topic: Reason for acquiring bitcoins. - page 3. (Read 1019 times)
Firstly Bitcoin itself is a currency just like every other currency but the thing with Bitcoin is that you are the one true owner of it as you can control it and own it privately and that's even outside the benefits that it brings when it comes to investment because another major reason of people owning Bitcoin is because of its ability to serve as a means of investment thereby possibly making those that adhere to the rules involved in using it as investment rich to certain comfort zone.
Bitcoin 1s and 0s in code, not tangible and its price swings like bat out of hell. Worth whatever somebody else is willing to buy it for.
However, that doesn't stop those people who buy and sell bitcoin, thereby earning real tangible crisp dollars
People don't care whether an asset is tangible or not. If they can make money on that asset, they don't care about its tangibility. And the price, which as you say "swings like bat out of hell" is exactly what helps to make money. 
The core reason is to participate in the decentralized network where your money is held and controlled only by you, where there’s no limit to how much money you can hold and where no documents whatsoever is required as well because you will be anonymous. However, people hold it to make money off its volatility. If that is also what you want then you do not need to wait till ATH to sell - once the price has reached an amount where you find your gain decent, you can sell. It’s your choice, so you sell whenever you wish to.
There are many reasons why people decide to invest in Bitcoin and one of the reasons is because of the volatile market. The market is volatile so it is very easy for one to buy at low price and sell at higher price. The difference between these prices is what brings profit to us. That is why there are people in the market that are always looking for the bear market so that they can accumulate enough Bitcoin and there plan is to sell when the price goes up. This strategy has been working for many people that is why they keep buying and selling at a speculated price when they know the market wil either bear or bull so they can make money. The main objective of most people is to get rich. Bitcoin has been the most profitable established asset to date since its inception.
But apart from this, those of us who have been at it for a long time and know how it works also acquire it because we like to be our own bank, that is, to have part of our wealth in our own hands and not in those of an intermediary who can easily confiscate and censor it.
The aim is usually to accumulate until you have a good amount, but as the accumulation process that most people use is slow and long, doing what is known as DCA (regular purchases), we sometimes take advantage when the price has risen to sell or spend and thus enjoy the profits.
But the long-term goal is to have more and more bitcoin.
For real the aim is to get rich,every person is looking for profit one way or the order.so acquiring Bitcoin is to make profit and get rich.i have a friend who years back was informed about Bitcoin when Bitcoin I merged,and he was having funds to invest and he did so,few years later he cashed out when we go to know it was the Bitcoin he invested in that profited him at the right timing.
But apart from this, those of us who have been at it for a long time and know how it works also acquire it because we like to be our own bank, that is, to have part of our wealth in our own hands and not in those of an intermediary who can easily confiscate and censor it.
The aim is usually to accumulate until you have a good amount, but as the accumulation process that most people use is slow and long, doing what is known as DCA (regular purchases), we sometimes take advantage when the price has risen to sell or spend and thus enjoy the profits.
But the long-term goal is to have more and more bitcoin.
For real the aim is to get rich,every person is looking for profit one way or the order.so acquiring Bitcoin is to make profit and get rich.i have a friend who years back was informed about Bitcoin when Bitcoin I merged,and he was having funds to invest and he did so,few years later he cashed out when we go to know it was the Bitcoin he invested in that profited him at the right timing.
Even though I have noticed some people pretending to buy Bitcoin for the love and not because they believe they can get financially comfortable through it, majority of Bitcoin investors got into Bitcoin because they know the wealth generating power of Bitcoin. Even those who got into Bitcoin because of the use case like myself, somehow they realized that it could be a store of value and started holding. So the ultimate reason for holding Bitcoin is to make more money from it, leveraging on the volatility and other amazing properties of it.
However, there are other reasons I have come to realize that made people invest in Bitcoin. Personally, I have made some adjustments in my future plans and that including adding Bitcoin to the assets I will transfer my heirs. Consequently, I'm building to HODL and never to sell my entire assets irrespective of the price Bitcoin gets to. I will experience bull and bear seasons as long as I live and will never run out of Bitcoin.
However, there are other reasons I have come to realize that made people invest in Bitcoin. Personally, I have made some adjustments in my future plans and that including adding Bitcoin to the assets I will transfer my heirs. Consequently, I'm building to HODL and never to sell my entire assets irrespective of the price Bitcoin gets to. I will experience bull and bear seasons as long as I live and will never run out of Bitcoin.
Obtaining Bitcoin is an investment for the future, and ithe goal is clear, which is to get rich and make money
It takes place in three stages: you buy, store, and then sell when the price rises.
Everyone is investing in btc want a lot of cash
The core reason is to participate in the decentralized network where your money is held and controlled only by you, where there’s no limit to how much money you can hold and where no documents whatsoever is required as well because you will be anonymous. However, people hold it to make money off its volatility. If that is also what you want then you do not need to wait till ATH to sell - once the price has reached an amount where you find your gain decent, you can sell. It’s your choice, so you sell whenever you wish to.
When I decide to acquire bitcoins, by buying when there is dips and DCAing after, there’s only one thing in my mind, and that is to keep bitcoin for long term goal. That is to be in profits with bitcoin not just for today but even in times of retirement, that we can finally say that we have build financial security and freedom through bitcoin.
While others may define it as a freedom for them, for me it’s actually both. Freedom to increase my wealth and profits with bitcoin.
While others may define it as a freedom for them, for me it’s actually both. Freedom to increase my wealth and profits with bitcoin.
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The main reason for buying or acquiring Bitcoin is to get rich. People usually invest in these assets to get rich quickly. Over the years, Bitcoin prices continue to amaze many people and I am imagining about the people who bought Bitcoin 5 or 10 years ago. I am sure they became millionaires. If, in this short span, a person becomes a millionaire, then why not try your luck in it? Another advantage of having Bitcoin is that you will have your money in your custody.
Acquiring Bitcoin to get rich is quite a big word because it mightn't be possible anymore because of the price of Bitcoin. Those who can buy the amount of Bitcoin that can make them to become rich if bitcoin increases in value have to be rich already before they can spend the amount of money they'll need in acquiring the amount of Bitcoin to make them rich. If you say people are investing to make profits, that's a reasonable choice of word but to say rich, it looks very unlikely or it'll take a very long time of holding to achieve.
Bitcoin isn't that volatility that the price will increase and make you rich overnight, other cryptocurrency can do that for now but Bitcoin can't unless you'll be willing to hodl for a long period of time. Those who bought 5 to 10 years ago aren't lucky but deserve every profit that they're getting because they held onto their Bitcoin. Many people would had still missed the opportunity if they knew about Bitcoin then just as they're hearing about Bitcoin today and ignoring it.
It doesn't really matter what our reason behind acquiring Bitcoin is but we should make sure we're acquiring Bitcoin as it's better to be scammed than to miss out on this opportunity of a lifetime to be among the next generation of wealthy people from acquiring Bitcoin during the early days.
People have different reasons why they use Bitcoin.
Speculation and hoping it will appreciate in value compared to when you acquired it is the most common reason. But it's not the only one.
At least a billion people on this earth are bank less. Bitcoin allows them a chance to participate in a financial system and try to be competitive.
Also, when you use Bitcoin, you don't answer to anyone. You send and receive how much you want and when you want it. There are no bank holidays or business hours, and sending $1 is no different from sending $1 million.
Another point worth mentioning is sanctions. If you or your country are on a sanction list, you are cut off from the global financial system. Bitcoin doesn't care about that.
And finally, if you are a whistleblower, a journalist or someone working in a dangerous area with the government and/or military forces on your back, you will probably not be allowed to use your debit card or bank account, as it will be suspended or you will be tracked. And again, Bitcoin is a viable alternative.
Speculation and hoping it will appreciate in value compared to when you acquired it is the most common reason. But it's not the only one.
At least a billion people on this earth are bank less. Bitcoin allows them a chance to participate in a financial system and try to be competitive.
Also, when you use Bitcoin, you don't answer to anyone. You send and receive how much you want and when you want it. There are no bank holidays or business hours, and sending $1 is no different from sending $1 million.
Another point worth mentioning is sanctions. If you or your country are on a sanction list, you are cut off from the global financial system. Bitcoin doesn't care about that.
And finally, if you are a whistleblower, a journalist or someone working in a dangerous area with the government and/or military forces on your back, you will probably not be allowed to use your debit card or bank account, as it will be suspended or you will be tracked. And again, Bitcoin is a viable alternative.
What is the essence of buying and hodling Bitcoin like is it to accumulate it till it attains ATH then we sell it off and wait for a dip and start buying and holdling again or just accumulate it and start using it as a digital means of exchange or are we going to continue till the 21 million Bitcoins have be mined, already 19 millions have been mined remaining 2 million because overtime, i have come across several topics about buy and hodl bitcoin so i actually wish to know the sole objective of acquiring bitcoins.
The main objective of buying Bitcoin is to get rich but the approach of the buyer may differs. There are some persons or whales who bought Bitcoin 12 years ago, who haven't sold a dime from their stach, and are waiting patiently for a particular timeframe to sell. While for others who understand how the market works, the bear and bull season is the perfect opportunity to take profit. They keep repeating the cycle over and over, but the objective is still remains the same.
What is the essence of buying and hodling Bitcoin like is it to accumulate it till it attains ATH then we sell it off and wait for a dip and start buying and holdling again or just accumulate it and start using it as a digital means of exchange or are we going to continue till the 21 million Bitcoins have be mined, already 19 millions have been mined remaining 2 million because overtime, i have come across several topics about buy and hodl bitcoin so i actually wish to know the sole objective of acquiring bitcoins.
I am still a newbie but from different discussions I've heard from different conversation and thread I discovered that Bitcoin is long term store of value which can not be compeard with other form of investment. Other form of investment might have volatility but bitcoin stand as an investment with extreme volatility, which means in future time It will be very expensive and those who hold for long will enjoy the benefits of holding bitcoin for long. 
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For payments, we always say that because that usage of bitcoin has never been gone. But the majority is acquiring bitcoin today because of the future plans and making money out of it.
Maybe some just do it for fun and they're bored with their lives as they've got nothing to do and they've got tons of money already so, they use it just to play with their money's value and try to increase it.
For payments, we always say that because that usage of bitcoin has never been gone. But the majority is acquiring bitcoin today because of the future plans and making money out of it.
Maybe some just do it for fun and they're bored with their lives as they've got nothing to do and they've got tons of money already so, they use it just to play with their money's value and try to increase it.
most people buy bitcoin for future profits, and some for international payments. because as is known, bitcoin allows cross-border payments to be faster and more secure compared to using platforms such as western union, paypal, etc., where the fees are high and the waiting time can be 1 day. and because of the potential of bitcoin, now more people are investing in it because they understand how in the future bitcoin will be increasingly adopted by people and its use will probably be more massive.
What is the essence of buying and hodling Bitcoin like is it to accumulate it till it attains ATH then we sell it off and wait for a dip and start buying and holdling again or just accumulate it and start using it as a digital means of exchange or are we going to continue till the 21 million Bitcoins have be mined, already 19 millions have been mined remaining 2 million because overtime, i have come across several topics about buy and hodl bitcoin so i actually wish to know the sole objective of acquiring bitcoins.
Everyone has their reasons of investing in bitcoin or hold it for a very long time. My reasons might not necessarily be yours and the reason of a rich to be in bitcoin will definitely differ from the reason of a poor me. But generally, the main purpose of many people who joined bitcoin is to become rich through bitcoin. Below are my two reasons of holding bitcoin;
- I believe bitcoin can make me comfortable because it has made so many already
- I don't know what the future holds for bitcoin, so I don't really want to miss out on the biggest opportunity incase it turns of huge.
Majority still acquire bitcoin for sole profits. That is the reality why a lot of us here would want to make sure to accumulate bitcoin when there is an opportunity to buy and hold, because when there is huge accumulation and hodlings, there will also be massive profits in the future. However, others might only be riding the hype and when majority of the people are selling or buying, they intend to follow them too without evaluating their own decisions.
People who want profit from bitcoin will have different thinking and strategies. They can choose either investment, trading or leveraging with different tastes of risk taking and capital management.They can feel that if they take high risk, they will have chance to get bigger profit and get rich more quickly. However, they must know that taking higher risk will equal to bigger probability to lose their money and get poorer, not richer.
Investing with their money, no loan, no leverage, then they will be able to hold and get profit. If they can do this, they can very likely gain profit according to Bitcoin history.
https://casebitcoin.com/charts#roi_chart
Majority still acquire bitcoin for sole profits. That is the reality why a lot of us here would want to make sure to accumulate bitcoin when there is an opportunity to buy and hold, because when there is huge accumulation and hodlings, there will also be massive profits in the future. However, others might only be riding the hype and when majority of the people are selling or buying, they intend to follow them too without evaluating their own decisions.
The main objective should be to acquire in order to trade goods and services. Because that was the aim of Satoshi Nakamoto when he created it.
Over time, the goal has shifted - the average user makes bitcoin an investment asset and a means of making profits. Buy on dip and hold is an investment strategy that has grown among users - investors take advantage of cycles and earn returns.Bitcoin was created as a currency - it is different from other currencies which are centralized. It can be traded as the market grows - demand increases and it has become an established asset. Even bitcoin is a store of value asset for some users - a hedge against inflation and others. Now it all depends on individual interest and why you own bitcoin rather than thinking about other users.
Yes Dear in my opinion you should buy it and hold it for the long term or wait for the time when it will make its new all-time high rather than that I would advise you not to trade Bitcoin just buy Bitcoin and hold it for the coming new all-time high which is expected to be $100k as a prediction very soon well dear it is not soo accurate prediction it is just an idea because no one can time the market so accurately and 100% correct. well, I would like to say wait and watch the movement of Bitcoin and enjoy it.
On the other hand, you should accumulate bitcoin when market give you a good buying opportunity because there is so much good news in the current time which gives us to have more amount of bitcoin and as a result, we will have more profit one of them is the approval of Bitcoin ETF and involvement of Blackrock in the bitcoin. So, keep accumulating Bitcoin if you have sufficient funds. I was reading a kind of post where the author mentioned Bitcoin will surpass the gold market cap in the coming time which will be counted as a big achievement for the Bitcoin ecosystem. It has crossed the Tesla Market cap which is world big known company that produces electric cars. After all that, I would advise you to do your own research before taking any action because it is the best part. Many Thanks!
On the other hand, you should accumulate bitcoin when market give you a good buying opportunity because there is so much good news in the current time which gives us to have more amount of bitcoin and as a result, we will have more profit one of them is the approval of Bitcoin ETF and involvement of Blackrock in the bitcoin. So, keep accumulating Bitcoin if you have sufficient funds. I was reading a kind of post where the author mentioned Bitcoin will surpass the gold market cap in the coming time which will be counted as a big achievement for the Bitcoin ecosystem. It has crossed the Tesla Market cap which is world big known company that produces electric cars. After all that, I would advise you to do your own research before taking any action because it is the best part. Many Thanks!
The main objective should be to acquire BTC in order to trade goods and services. Because that was the aim of Satoshi Nakamoto when he created it. And adoption will never happen if people just hold them in their wallets and never use them. However we need BTC to be spread if we want its price to increase in the coming years.
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