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.
Topic: Reason for acquiring bitcoins. - page 6. (Read 1115 times)
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.
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.
People have several reasons for acquiring bitcoins, but the most common is to get profit from investing. Buy and hold your bitcoins, but how long you are going to hold strictly depends on you. It is possible that there are investors who are willing and capable to see the amount in value bitcoins can get to before they decide whats next, there are investors who hope that their investment in bitcoins will be okay to help them secure their financial stability by creating the means for them to have the money to establish other sources of income, so they sell as soon as their investments in bitcoins gets to a target value for them then there are others who see investment in bitcoins as something to get rich quickly from, and will not wait, but will take profit as soon as they see it no matter how little. The most reason is to make profit, but not everyone can wait to see the max possible profit that can be made. i have come across several topics about buy and hodl bitcoin so i actually wish to know the sole objective of acquiring bitcoins.
Bitcoin, like regular money, can be used in many ways and it's just a matter of how you earn additional BTC by trading it properly. The only thing you need to know is that price movements are as frequent and changeable as they are today and the popularity BTC has skyrocketed of course.
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.
Money and freedom are the main reasons why I am into the Bitcoin ecosystem. Bitcoin is one of the most reliable investments that is predictable. Even a novice could easily understand and predict how the Bitcoin four-year cycle runs. One can easily buy the coin, keep it until the price appreciates and sell it profitably. I live in a country where law enforcement agencies could direct banks to freeze your account without any genuine reason. They will claim that they suspect that your account has been used for illegal activities. It will take a very hectic bureaucratic process to unfreeze the account. I am fascinated by the ability of Bitcoin that give us the chance to be our own bank and keep how much we own secret. I don't want people to know how much I own to avoid criminal attacks. Bitcoin is a lifelong Investment for me because it is reliable.
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.
For me, it is the fact that bitcoin's supply is limited and only 21 million bitcoins are available.
So if a person holds just 1 bitcoin then he is holding a huge portion of one of the largest assets in the world.
That feeling is amazing and that is reason why I hold BTc and trying to accumulate as much as possible.
The reason why people belive in bitcoin is because they feel it can give them good profit if it is invested and this is true, no doubt about it. Bitcoin is the first cryptocurrency that is more reliable to invest , with this it gives people good interest to invest in bitcoin. From the history of bitcoin in the past their is nothing Terrible that will make people not to acquire bitcoin. Bitcoin is the best cryptocurrency to invest without any panic of lose.
I learnt that Bitcoin is primarily invented for alternative means of payments which it has a a high response capacity faster than our Local banks services. So with its volatiles flexibilities which fluctuates the values, the holders tensed to hodl while stressing not to stay lost as the currency depreciates and appreciates at no predictable times. So, they hodl strongly with the aim of making profits otherwise taking advantage over the system as a means of incomes.
So, nomatter how much we may accumulate our Bitcoins, it will remain as currency for payments and nothing else. Bitcoin is not a fashionable material for decoration. So however, we would still have to sell and make good use of it either at the Dip, ATH or and ETF levels. We only accumulates and hodl either because we do not have a budget on what to do with it in the main time or we are accumulating and hodling while aiming at to reach the ATH and of course the ETF approval to make profitable huge interests.
So, nomatter how much we may accumulate our Bitcoins, it will remain as currency for payments and nothing else. Bitcoin is not a fashionable material for decoration. So however, we would still have to sell and make good use of it either at the Dip, ATH or and ETF levels. We only accumulates and hodl either because we do not have a budget on what to do with it in the main time or we are accumulating and hodling while aiming at to reach the ATH and of course the ETF approval to make profitable huge interests.
I personally acquire Bitcoin as it's the best Investment I have found with great returns are compared to other investing methods like Stocks. Bitcoin is decentralized, cannot be controlled, and I can surely say the chances of me making money on my savings with Bitcoin is way more as compared to them keeping it in a Bank. So the biggest reason for me is, passive income on my savings.
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.
Our primary aim of leaving is to have a good life and have freedom. Bitcoin investment have different approaches depending on how you want it or the main aim of you buying it.Just as others have said, all of us wants to make money, that is why we buy Bitcoin when the price is dip and sell when the price is high. If you have excess money you can invest your life savings in Bitcoin and hold for very long term until the time you will need it because it will keep its value against inflation and you will gain more profit for doing that.
Acquiring Bitcoin gives you more wealth ,is a decentralized assets which does not change nor have limited supply which can be used as means of exchange,and can help keep limit against inflation.
It's long-term stored value reliability gives interest to acquire it alo it's high liquidity comparing to other cryptocurrency which one can easily buy and sell Bitcoin,also it's permissionless nature .
It's long-term stored value reliability gives interest to acquire it alo it's high liquidity comparing to other cryptocurrency which one can easily buy and sell Bitcoin,also it's permissionless nature .
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Bitcoin gives absolutely freedom to your financial life carrying out transactions with out any third which works under the control system of the government. most people are tired of the financial services the banks offer so they make bitcoin they're last option.
Bitcoin gives absolutely freedom to your financial life carrying out transactions with out any third which works under the control system of the government. most people are tired of the financial services the banks offer so they make bitcoin they're last option.
I wonder if these are the same people who buy Bitcoin and then store it on centralized crypto exchanges? What is the difference between having fiat in the bank and BTC on CEX? The difference is that in case of CEX hacking, you can lose everything you store there and you are under constant risk of phishing and clipboard malware - but you have a chance to profit from every positive price change.
When you keep fiat in your bank account, you are still insured (at least in most western countries), so hacking is not a danger, but given the low interest rates, inflation erodes the value of that money.
In addition, although we are talking about the fact that Bitcoin is decentralized and no one can do anything to it in terms of destroying it or banning it, Bitcoin would not be even close to what it is today if it did not have the approval of the system it is supposedly fighting against. Imagine what would happen if an announcement came out today that the US, EU, UK, Japan, Canada and some other countries passed a law declaring Bitcoin illegal and that trading and mining in these countries is banned?
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.
If it's you real plan, you should change it asap because nobody currently living on Earth is likely to be alive when the last BTC will be mined. It's currently scheduled for the year 2140, in 116 years. So maybe our next children will see it but even baby born today won't see it unless few of them will be able to break the longevity record on Earth, if Bitcoin still exist though. It's not a matter concerning our generation anyway. Jump to: