Topic: Reason for acquiring bitcoins. - page 5. (Read 1019 times)
I think everyone who buys Bitcoin wants to profit from that purchase. What makes the difference is when they sell it. There are those who use Bitcoin as payment, there are those who buy Bitcoin today and sell it tomorrow, there are those who buy it today and then sell it 10 years later, and there are those who bought it in 2009 and haven't sold it yet. so everyone has different strategies and the same goals. Yes, so it's up to them what they want to use Bitcoin for.
Currently Most people, long-term holding Bitcoin for good profit, some may hold to benefit from Bitcoins up coming ATH, and some while others hold with the thought of holding for longer than that. Or everyone is holding for their own personal reasons, but it is true that most people are holding to get rich. I myself hold using the DCA method, and I hold to grow my wealth to a much larger level.
OP you talk as if you don't know why Bitcoin existed in the first place, even newbies knew that Bitcoin is very costly, and it's also very valuable, the excuses I get from newbies the most time is that Bitcoin is too pricey, this are newbies that don't know anything about Bitcoin but they know it's very valuable, so judging your own approach, I think you just created this thread for fun, I bet you already know why people are buying and holding Bitcoin, and if you don't, it's fine, just do your own diligent research on Bitcoin to know why it's the most talked about, mind you, Bitcoin is still a risky investment, make your you invest only what you can afford to lose, that's if you are confused enough about buying Bitcoin for the long term.
The reasons for acquiring Bitcoin are because it’s the greatest innovation of the last couple of hundred years. It’s a financial behemoth, an inflation killer & the future of finance. It’s financial suicide to not hold even 5% of your wealth in Bitcoin. I’m struggling to think of legitimate reasons for people not to hold a small amount of Bitcoin. The idea is to protect yourself against forever devaluing fiat currencies. Bitcoin is the best tool to help you with that.
When people ask questions like this it makes me feels they don't really know the reason for bitcoin extence maybe you need to go read more information about bitcoin to know why people keeps buying bitcoin, and yes people to utilizes the profitability of bitcoin where people trade over with it.
Let's say you can decides to buy some percentage or fraction of bitcoin depending on your financial capacity, if you do and the price changes you may decides to take profits whereby selling what you bought and wait for another good entry point to buy again.
But there are people who are buying to holds for decades knowing too well that as bitcoin total supply keeps decreasing that is how the price of bitcoin could keeps increasing at then only those who owns bitcoin may decides to sell or not even as that the price could worth 10x, 20x or even 50x from now, that is why most people are buying bitcoin, just imagine those who at 2009/2010.
And again most people engages in bitcoin to utilize the peer to peer nature by using it for transaction, so if they have enough volume of bitcoin they could transacts without the need of going to bank to make an outrageous payment to some company's or workers where government would start to suspects your payment.
Let's say you can decides to buy some percentage or fraction of bitcoin depending on your financial capacity, if you do and the price changes you may decides to take profits whereby selling what you bought and wait for another good entry point to buy again.
But there are people who are buying to holds for decades knowing too well that as bitcoin total supply keeps decreasing that is how the price of bitcoin could keeps increasing at then only those who owns bitcoin may decides to sell or not even as that the price could worth 10x, 20x or even 50x from now, that is why most people are buying bitcoin, just imagine those who at 2009/2010.
And again most people engages in bitcoin to utilize the peer to peer nature by using it for transaction, so if they have enough volume of bitcoin they could transacts without the need of going to bank to make an outrageous payment to some company's or workers where government would start to suspects your payment.
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
Buying coin and hold for long or accumulate to attain ATH or buying on Lum sum. Are 3 different thing in 1.The essens of buying and accumulation is for the purpose of saving your money for future use or as a form of retirement savings
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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 believe this has to be a personal reason aside from the general reason which is to make profits from acquiring Bitcoin. People are acquiring Bitcoin as a collection, they're acquiring Bitcoin to pass it to their heirs. Bitcoin is the new breakout technique and it still has a lot of years ahead to give profits to those that are acquired Bitcoin. The more Bitcoin gets popular the more the value will increase and adoption also increase. Acquiring Bitcoin puts you in a position to benefits form all the attention Bitcoin will be getting as the currency gains more acceptance.
Bitcoin increases in value as the years goes by and the more Bitcoin you have the higher your ROI (return of investment) will be. Bitcoin is a scarce assets, there's only going to be 21 millions so people who understand the power of scarcity knows the role that can play in the price of Bitcoin in the future when it gets more adoption. Reasons for acquiring Bitcoin would vary for each person but the underlying reason is because they all want to make profits from the future Bitcoin price increase.
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.
You don't need to tell us all this because that has always been the pattern the market moves. The market has been moving in this pattern form long and all we'll have to be doing is buying and selling to make bigger profits.
If you don't trade like this, how do you intend to make money from the market. Cryptocurrency is very easy to comprehend if we know how to keep buying good projects and holding it for as long as we want.
so i actually wish to know the sole objective of acquiring bitcoins.
There is no "sole objective" that suits everyone, it is down to the individual's personal choice and decision, many people want to buy Bitcoin in order to get rich through it, some buy Bitcoin because they want to make cross-border payments faster and cheaper, whilst others want to have some form of control over their financial life.The word "freedom" is so important in the network because that is what it stands for, do what suits you, and others would do the same too, if you are asking this question because you want to copy someone else's process of doing things, then you are in the wrong.
The essence why people buy Bitcoin is for profit maximization, that is the primary reason of every Bitcoin investor. Even if they are not investing to enjoy the profit themselves, they may invest so that their children can harvest the investment in the future. Every Bitcoin investor have different decision that they have made towards their investment. It could be that they have make a decision to sell their Bitcoin when the price have reach all time high so that they can invest in another project.
Bitcoin can be acquired due to several reasons, most people are for the profits including myself, some are due to having their funds secured and getting easy access to it without any party getting involved and even as a means of payment still also serving as a store of value which most people are afraid of using it due to it's volatility and when the time to withdraw is near it may not be in the perfect price to sell. So, importantly Bitcoin is popularly bought for investment purpose.
but all in all , it is the profiteering that they are investing here .I must admit because this is also my way of acquiring and others have this as well , the volatility is also the main reason why we are all here , so making money is what we need here.
It is like asking people why we should buy our houses and lots.
All of us aim to profit and have our lives changed. Buying Bitcoin is the bet of our lives and we have been waiting for the right time to sell at best revenue that we can make.
That is the reason why we invest in Bitcoin. Want to use it for payments? ok, do it but most of us are holding it for profits.
exactly , I don't really understand what is the other reason of people aside from making money or just to use decentralized option of paying . All of us aim to profit and have our lives changed. Buying Bitcoin is the bet of our lives and we have been waiting for the right time to sell at best revenue that we can make.
That is the reason why we invest in Bitcoin. Want to use it for payments? ok, do it but most of us are holding it for profits.
Folks have different takes on Bitcoin. Certain people think it's an opportunity to score fast cash, like snatching up property to flip later. While some just hunger for quick bucks, others view it as a new method to pay or even shake up the financial industry.
Investing is intimate. Opt for what feels right for you, not what another person dictates.
Investing is intimate. Opt for what feels right for you, not what another person dictates.
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.
You don’t need to continue till the entire bitcoin is mined as you might not be here self when the last block will be mined we should focus more on what we are doing with the little that we are buying and how much we are benefiting from it.Some people buy and resell immediately they see little profit added to the coin why some people buy and hold for long period of time until the market hit new ATH high before they can sell even selling that moment most people don’t sell all their holdings you can sell some and hold some or sell all and wait for it to drop then you buy again and hold that’s why it’s called trading.
It is like asking people why we should buy our houses and lots.
All of us aim to profit and have our lives changed. Buying Bitcoin is the bet of our lives and we have been waiting for the right time to sell at best revenue that we can make.
That is the reason why we invest in Bitcoin. Want to use it for payments? ok, do it but most of us are holding it for profits.
All of us aim to profit and have our lives changed. Buying Bitcoin is the bet of our lives and we have been waiting for the right time to sell at best revenue that we can make.
That is the reason why we invest in Bitcoin. Want to use it for payments? ok, do it but most of us are holding it for profits.
The initial and primary reason is to use it as a P2P transfer without any hurdles of third parties like banks and taxes but gradually it started changing as a mean of investment and gain more profit as appreciation value of Bitcoin is much more than other assets. People are now more focused on profits rather than decentralized P2P service because there are multiple options in the form of Altcoins to make the P2P transfers much quicker and cheaper.
I personally have both the objectives as I want to use Bitcoin for P2P while I transfer huge funds as I don't want to risk with Altcoin for higher transactions. DCA is a game changer which helps us to accumulate Bitcoin and keeps it stable as we would be buying BTC throughout pump and dump.
I personally have both the objectives as I want to use Bitcoin for P2P while I transfer huge funds as I don't want to risk with Altcoin for higher transactions. DCA is a game changer which helps us to accumulate Bitcoin and keeps it stable as we would be buying BTC throughout pump and dump.
The extraordinary surge in 2017 hard to believe, this incident has shocked various groups of investors who previously had no interest at all in Bitcoin. Those who initially thought that Bitcoin investment was just a trend have now started to form communities to get as much Bitcoin as possible. Of course the reasons are all the same, they want to get big profits when they reach a new ATH.
The price of bitcoin is driven purely by demand for its limited supply, so investors will describe Bitcoin like an antique car that will have a high resale value in the future. However, for investors who are just starting to invest in Bitcoin, it is highly recommended to invest only with money that they can afford to lose.
The price of bitcoin is driven purely by demand for its limited supply, so investors will describe Bitcoin like an antique car that will have a high resale value in the future. However, for investors who are just starting to invest in Bitcoin, it is highly recommended to invest only with money that they can afford to lose.
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 many topics you’ve come across we about buying and hold is simply because of the mindset many users that come into the crypto world come with, which is to make a lot of profits from their investments in crypto. If they’ve come in with such mindset, they will have to think like an investor and also think like a trader also. They will try as much as possible to remove profit when it comes and also keep looking at the bigger picture of hitting their expected profit in the long run.
Using bitcoin as a digital means is far from being what many people want to use it for today; although that was the main purpose of it but people have now found another means of making money from it which does still affects its main purpose, so it’s a win-win game for both bitcoin and its users. Bitcoin becomes popular as many people have now adopted and are using it to make profitable income after investment, and the people have now found a means to also invest in a dependable asset like bitcoin for the long term achievements on their investment.
The reason why people buy Bitcoin is to get rich but as you may have know already that there's also risk when doing so which many people are willing to take. Buying or acquiring Bitcoin doesn't have to be that long or waiting for Bitcoin reaching new ATH or last ATHbecause it depends on each person if they do it like you said or they do it in their own way. That's why there are different decision like holding Bitcoin long term or holding Bitcoin short term.
...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 want to wish you excellent health, as you will still need it if you want to hold Bitcoin until the last BTC is received. And you will have to wait at least another 116 years, since the last block of Bitcoin should be mining around 2140. Although it is possible that this will be a great gift received by your grandchildren from you.
Bitcoin can be acquired due to several reasons, most people are for the profits including myself, some are due to having their funds secured and getting easy access to it without any party getting involved and even as a means of payment still also serving as a store of value which most people are afraid of using it due to it's volatility and when the time to withdraw is near it may not be in the perfect price to sell. So, importantly Bitcoin is popularly bought for investment purpose.
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