Topic: Reason you still invest in BTC (Read 292 times)

Sorry if you see this as an insult because it's just like asking someone why he or she goes to school or asking someone why did he/she put on clothes.  Before you do anything in life there must be a reason why you do it. Well I will not be surprise to see or hear that some people are into Bitcoin for fun even in this our Era. The country we are now almost everything is cruise/fun,  some people are  into Bitcoin without any reason or target,  they are into it because there friends are into it.
However,  I think the general reason why people invest in Bitcoin is to make profit

Procrastination is the most reason why many people never still enter into bitcoin investment. Some wey no dey procrastinate na anticipators. Dis ones na them dey wait for price make e reach certain level before they enter the market to avoid buying at a bigger price. None of dis two set of people make sense and if person follow their footsteps you no go do anything for the market which go make you to miss out big time when others they cash out because of the bold step wey dey don take as them enter the market now.

You make it sound so simple and easy as if an investment in Bitcoin actually yield profit in some split seconds or something you get overnight , no doubt that the reason you came or choose Bitcoin as a means of investment is because of the  profits but I like to think that it's not all that simple because an investment is something that requires planning and discipline because Bitcoin doesn't give you that profits so easy like that, so many investor have investor their money on Bitcoin but at the long run of their investment, lost everything because of FOMO and impatient.

That's true boss the high and lower could be determined by trading  bots , and it seem majority are into it compare to the minors but what's is the catch now because  I believe investing with small capital  is a waste

The main reason I still investing Bitcoin because after joining Bitcoin talk I know many thinks about Bitcoin and cryptocurrency. Before joining in Bitcoin talk I have many wrong things about Bitcoin and Bitcointalk change my full mind setup.I still investing Bitcoin because Bitcoin insure us to get profit after investment and this is the safest currency ever get profit without risk your money.

For those who really understand the usefulness of buying low will always try their best to acquire bitcoin in every slitght opportunity they have. When bitcoin was at $15 people were scared of buying bitcoin but today look at the price, bitcoin price has come up that those who bought when it was very cheap have already made good profits in the market.  Their is no regrete in buying bitcoin,  but the problem people normally have is that they do not want to hodl bitcoin till it becomes profitable but they just want to get profits so fast in bitcoin,  and they only have interest in buying when they know that tye market is increasing.

The mentality of people for bitcoin matter just they funny and people they fear especially our naija people and I no blame them plenty things done happen wey them done use am scam people so people they seriously conscious of were their money they go into, no body wan fuck up, and i know say plenty people done fall vitim for different scam ontop bitcoin matter. but with the way people they preach about bitcoin now people they get understanding of waiting them they do.

They get people wey go still follow you argue say na scam, they them go tell you say them no fit put their money for air and no be true, but sha I no blame them na understanding them no get if not, if them know the relevance of having bitcoin them for they happy, and for anybody wey no belive na him own cup of tea be that. if the price done high now them go start shout up and down say na that time them wan invest in bitcoin I they sure of that one.

Yeah waiting you they talk na true because for people way no sabi trading well the best way for them na to just focus on there normal DCA accumulation and holding because the risk way they for trading no be small thing ooh, and even if you go trade you go need to get enough knowledge way be say you go no when the market chart won drop or rise.

So for me way no too sabi trading, the only one way I no say I go fit do na holding and accumulating using DCA strategy because in crypto the only way person fit get small rest of mind in times investment na for through holding.

With bitcoin’s potential we don’t have any reason not to invest in it especially those who have knowledge about it except maybe we find ourselves in financial crisis. If it’s not convenient we should not invest yet, we should invest at our own convenience and only invest an amount we can afford to lose. Now is a good time to invest because there are speculations of bitcoin hitting a new ATH after bitcoin halving but it doesn’t mean we should invest and inconvenience ourselves. If we can’t invest now we can always invest later, bitcoin still have a long way to go and it’s never too late to invest in BTC.

There are lots of speculations around and everyone coming up with their own predictions and we don’t know for sure what will happen but just as you mentioned one thing for is that bitcoin will definitely hit a new ATH and we could see it get to six digits so investing now also is a good idea but majority of people don’t have huge capital to enter the market. DCA method is probably the best method for less privileged people and gradually they will accumulate alot and can also profit when the price starts going up.

With the way we have always been seing the bitcoin market going, it's enough an indication to serves as evidence to why we should take bitcoin serious and Invest, it's something that if those not investing in bitcoin had Known what they are missing, they wouldn't have doubted any attempts on trying to adopt bitcoin for once, those that have been into bitcoin already are enjoying the benefits of adoption and couldn't afford missing any opportunity out.

The reason why I dey invest my money in Bitcoin is that Bitcoin na one digital asset wey dey make people rich if you buy am for bear market come get the mind to hodl am to reach for the bull run market, you go see how your life go change for better. And another reason wey I dey put my money for bitcoin too, na because bitcoin dey give me full control over my money and nobody go tell me the quantity of Bitcoin I go withdraw if I want to withdraw am, just like wey thing dey happens for our banking sector. For instance, if go inside bank and say you want to withdraw 100k Naira, they will tell you say na only 30k Naira you can withdraw for your money. With Bitcoin, you go get Bitcoin wey worth billions of Naira nobody will watch you because they do not know say you get this kind of money for your Bitcoin wallet.
My advice for people wey dey buy Bitcoin with the DCA strategy is to continue to dey buy Bitcoin with DCA, no need to mess up your DCA plan and jump in with a lump sum buy because you think say Bitcoin will not fall again. There is still enough room to buy Bitcoin because Bitcoin halve never happens, and even though the Bitcoin halve takes place next year, from the history of Bitcoin setting a new all-time high it will take Bitcoin like six months after halve to set another record of ATH. If you are a salary earner, just wait until you get your salary to dey buy Bitcoin small small dey hodl, no go sell wey thing you no supposed sell to invest in Bitcoin.

E dey hard to catch the bottom of the market, make e no surprise you say na exchange bots na wetin buy at those prices wey you dey see so (a majority of exchanges get bot wey dey make their platforms dey active by creating small buy and sell orders to make it look like there are active traders on their exchange every second of the day). The exact entering point no matter because even though you been enter few dollars after the bottom like for $20k or so you go still dey inside profits. No just use the profits of Bitcoin rush give people's advise to buy Bitcoin. If you do like dat, then get ready to receive the blame when the market no favor them. Also you dey the wrong platforms because many (if not all of us) here are already invested in the market and that's why we're here. Maybe we fit no dey buy Bitcoin directly but we dey earn am here.


Belike you make mistakes oh because I remember say na COVID-19 year na when Bitcoin crash that low. Also remember when everybody been dey talk say Bitcoin go cross $100k for 2021 during the bull market but e no do like that. Also remember people been dey think say 2021 bull market go dey like 2017 bull market wey get the last leg run for the last quarter of the year but e no be like dat. Wetin I dey try reasons you na say the market get him own mind, e no dey do wetin people dey think but wetin e feel like doing so next year fit come and Bitcoin no rise like that so make we get that one at the back of our mind too since the market just dey do anyhow this days.

  The future of Bitcoin is very bright and so one needs to keep investing no matter  how little you have because you never can tell what will happen next.
  Now that the price of Bitcoin is increasing, don't be discouraged or don't wait for when it will drop,for now you can buy and accumulate as much as you want to accumulate Bitcoin because after the dip comes the bull run ,also the speculation that Bitcoin most certainly will reach six digit in 2025 and 2026 .investing for a long time makes you get more wealth and so investing at anytime and stage in Bitcoin is lmportant.

I am certainly no relied on speculations or rumours because there would be no one to hold responsible if I looses but relying on myself that if it eventually fails me I would pick a predictive experiences on the process as I have myself to be blamed.
We are all into this crypto world together and the program of Bitcoin is definitely unpredictable on its possibilities in the nearest.

However, I invested in Bitcoin because I have a goal interest to make profits and also assigns to diversifications of portfolios where to have a long term investment at the readiness for my retirement and I am still holding my Bitcoin despites the increments in the market value yet I am expecting a speedy pump.

I think there is enough FOMO in bitcoin investment right now that’s why the price is going up the way it’s doing lately. Moreover I will saying that bitcoin is highly unpredictable, people can only speculate but as you and I know bitcoin dey defy economics principles and e dey operate on it’s own principles. My advice to all potential bitcoin investors is don’t go all in at once and don’t FOMO.

But truly oo the way bitcoin price take dey run go up lately even as people last two months ago don predict say the price go crash back go 15k still dey surprise me because normally the price dey drag towards the year before halving or e go kuku crash. At least we remember the crash wey happen for 2019 wey price touch around 3,500 before halving for 2020. But this year price just dey go up and next year na halving, this signify say market go sweet next year and 2025. Buy hodl hodl and hodl.

people belive him bitcoin and na why you see say people wey they invest in bitcoin they increase every blessed day because the thing go give better money when time reach. and plenty people take advantage of this bear market waiting patiently say bull run go come very soon. because the last bull run people see waiting happen so nobody wan lose this opportunity at this point, for those wey don buy or they plan to buy make them try hold because cash go they.

I will also invest in bitcoin despite the volatility which is a major setback and encouragement for some investors, the value of BTC has always been better than any other currency, be it virtual or fiat itself, is just that people misunderstand this currency, volatility doesn't mean that bitcoin wouldn't rise in the price, it simply means that the price is unstable, it can rise and fall at anything, that's the price prediction is uncertain, have you ever wondered why some people that missed the opportunity in the passed still regret it, don't you think that they have done analysis and confirm that this currency remains the best investment so far, op, the best decision that anyone will make now, is to continue accumulating, as long as their is fund set aside for it.

I see enough reasons of buying bitcoin now, anyone that is still doubting if bitcoin will drop is thinking otherwise. Bitcoin was at ATH of $69 as at last bullrun and falls down below $20k to $15 earlier this year I think BTC is trying to recover it's lost Glory, and it might surprise us by not falling below $30k or $36 this time. This price you guys are seeing now might be the last time you might see BTC to be low compared to the upcoming amount. Since BTC bullrun is always a four year circle, I think whosoever that has money should try it's Best to buy now an never have a second thought that BTC might fall below again because this might be the last time you will see bitcoin to be low. You might still regret that I had the opportunity to buy it when it was as low as $36k. If Bitcoin is soaring to climb $110000 like as @charls Tim said by analysis, not only did he said there are other evidences to prove that Bitcoin might still hit $1million in the future so no need to be afraid.

If there should be a reason for you not to buy bitcoin at the price it is now, it should be because of lack of funds. If you are still waiting for the price to come down you’ll be missing on buying it this low. The price is currently in a stage of bullish form and there’s no sign of it coming down now. Bitcoin has been envisioned by many analysts that it will exit six figures after the nest bull run. The price is not even yet $50K, so buying now is still a very good time if you’re going to be holding for long till after bull run