Reasons to Invest in Bitcoin?? - page 10.

isaac_clarke22

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Quote from: Obito on June 16, 2021, 02:56:47 AM

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The volatile word is a double-edged sword, but with a proper plan like the usual being discussed in here, I don't think volatility will screw you ever.
Some just are more from making bad financial decision like loaning to invest, committing their whole assets just to invest in here risking their needs.

swiftbits

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There are so many reasons for this, but the value really matters, that's the reason why we invest.
Bitcoin is scarce, getting a portion of this coin could possibly give you more profit than normal investments does.

Axelseseclevz

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I invest in bitcoin because of so many reason but the most significant reason for me is that bitcoin is volatile which can give us huge profit and financial freedom. Also I don't have any other form of investment, only here in cryptocurrency.

traderethereum

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People who already knew the benefits of bitcoin do not need any reason to invest in bitcoin because they can get the benefits from bitcoin.
People who are new to bitcoin can feel unsure about investing in bitcoin because of the price volatility, so not many can realize the benefits of bitcoin in the future.
Maybe if they can think about the investment side of bitcoin, they will try to invest in bitcoin from a small amount to figure out how they can make a profit from bitcoin.
Investing in bitcoin can save them from the thief who will steal their money, but they should accept the volatility of bitcoin prices and not worry about that.

peter0425

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Quote from: AniviaBtc on June 16, 2021, 03:07:09 AM

Financial freedom is one of the key reason why people are investing in bitcoin and other cryptocurrency.

There are a lot of reason and advantage that you can get in bitcoin although it is volatile in the market, but the opportunity in it is massive.

It is true that bitcoin is limited and can increase its price over time depending on the mined supply.

and many of us use the volatility as main reason for investing because of the opportunity of their funds making double or much even higher in the time comes and that is the same reason as mine.
though the freedom financially is also one of the main reason

AniviaBtc

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Financial freedom is one of the key reason why people are investing in bitcoin and other cryptocurrency.

There are a lot of reason and advantage that you can get in bitcoin although it is volatile in the market, but the opportunity in it is massive.

It is true that bitcoin is limited and can increase its price over time depending on the mined supply.

Obito

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Quote from: ?? on ??

Quote from: Obito on June 16, 2021, 01:43:49 AM

~snip

but this is at least for people who understand about bitcoin. that way they understand the risks and rewards. many people only see the good side of bitcoin and they invest, but just see the floating minus, they panic sell, and tell the bad of bitcoin. even though he himself doesn't understand

That's their problem, it was the best reason in my opinion to invest in bitcoin and OP didn't point out any negative reason so I didn't put it. Of course, the volatility is a bad thing but if you know how to do it and you are smart for a beginner investor, you can make money out of the negative reasons right?

Obito

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For me, there's only one reason why someone should invest in bitcoin, and that is that bitcoin is able to grow someone's money in a matter of years and in this world that is revolving around money, I think that anything that can help us make money in as little time as possible is probably a really useful thing to stumble upon.

Tina H

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Bit ratio itself has value, not only exchange value, but also has the function of rapid self-appreciation. Bitcoin's exchangeable equivalents not only have exchange value, but also can be exchanged with any item in the market. Even the self itself has the function of rapid self-appreciation due to its scarcity and the high cost of self-production. From a monetary point of view, for any medium to have the function of currency, it must first have scarcity and high cost. Bitcoin perfectly meets these two points.

Keila Faith Villanueva

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Bitcoin's historical growth inertia will continue and will not plummet. Looking at several major historical points in Bitcoin against the U.S. dollar, it is not difficult to see that the appreciation of Bitcoin is accelerating. From the perspective of a digital currency's disk technology, Bitcoin has always been on an ascending channel of long-term heavy volume growth. This is a wheel with historical growth inertia, and every institution and individual cannot stop it.

AicecreaME

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Quote from: NatureMoves on June 14, 2021, 03:10:07 PM

First I want to say that I have some Bitcoin and I want to see it go to the moon. But I have some questions regarding the reasons that people give as to why Bitcoin is a good investment. Kiss

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?

Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.

Please correct me if I am misinformed. Shocked

I agree with everything you've listed.

Bitcoin is indeed a nice investment because it offers a lot of benefits to the user. Aside from the things you have mentioned, I would just like to add that bitcoin can be everybody's investment as long as they are knowledgeable enough about its nature and the risks it possess being a speculative asset.

In bitcoin, anyone can purchase any percentage and how many they want as long as they can afford its rate. We can always buy in an installment manner without worrying where we will get the fund. You see, it isn't like other investment that requires you to have a hefty amount of money in an instant in order to be a qualified investor. This is one of the great reasons I see why people should take a look on bitcoin.

Yatsan

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Bitcoin is versatile wherein it can be both a currency and an asset at the same time depending on how you will use it. Most people are more likely investing into Bitcoin because of its value and undoubtedly they are wanting to obtain or acquire a single Bitcoin or even a big part of it for own personal use of course. We do have different reasons why we tend to invest into Bitcoin and the most important thing is that we make use of it effectively to boost its full potential as a currency and as an asset depending on the usage you want it to be.

maydna

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Reason 1: I don't think that bitcoin can always be down the price with a single tweet from a famous person, but well, perhaps, that can happen, but not forever because the price will increase, and even there is another bad tweet from the other people, that doesn't stop bitcoin from rising higher.

Reason 2: Yes, we control our bitcoin, and as long as we can keep that secret and not telling to other people, we will safe to store our bitcoin.

Reason 3: Using bitcoin, we can spend the bitcoin for our daily life, but that only be used if a local store or online store wants to accept bitcoin as the payment system. But we can send bitcoin to other people, and as long as they understand how to use the wallet and make a transaction, that will be enough for them.

The important reason why I invest in bitcoin is I can make money from bitcoin. People will see about that, and they will follow us to invest in bitcoin someday.

Kong Hey Pakboy

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I think the reason why you should invest in bitcoin is because it can offer really high returns, just look at the charts these past decade, bitcoin went from a measly 1 dollar to a 40k dollars in just a matter of a decade easy.

Auroraner

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Bitcoin is a digital application currency product that integrates various cutting-edge sciences such as encryption, mathematics, economics, computer science, and blockchain technology. The theories of these disciplines will continue to advance and upgrade to increase the scientific content of Bitcoin. With continuous purification, Bitcoin with a strong scientific foundation will only become more expensive, shining more and more with wisdom and knowledge.

Caldear

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Bitcoin mining will become more and more difficult, competition will become fiercer, and the cost will become higher and higher. Therefore, the cost of manufacturing Bitcoin will double year by year.

bakasabo

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Reasons to invest in Bitcoin, if a person is not seeking to support technology, but does it only for the money can be proved by simply looking at the graph. Yesterdays price growth showed that investment can be increased for 20% in less than 24 hours. Looking on the graph in general it can be noticed, that long term investment always pays off. Investor needs to do just a little research, looking for a better day for investment and can make an investment, knowing that he will get profit in any scenario.

patientforzhou

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Bitcoin itself has value, not only exchange value, but also the function of rapid self-appreciation. Bitcoin's exchangeable equivalents not only have exchange value, but can be exchanged with any item in the market at an equivalent value. Even due to self-scarcity and the high cost of self-production, it itself has the function of rapid self-appreciation.

Barry Mantle

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The reason why I invest in Bitcoin is very simple. I just think that as an investment means in the long run, its value of preservation will be much stronger than other investment means or fiat currency. In the long run, I don't care about its rise or fall in the short term, I only see the future returns.

dota2bestplayer

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Bitcoin is digital gold, with storage value and room for appreciation. A long time later, Bitcoin is a historical relic, becoming more and more valuable, rare but invaluable. Bitcoin is a digital currency with a variety of scientific quintessence and has interdisciplinary genes.

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