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Topic: Reasons to Invest in Bitcoin?? - page 6. (Read 1984 times)

sr. member
Activity: 1288
Merit: 253
June 23, 2021, 11:21:49 AM
why we all invest in bitcoin, because considering that no other investment provides the same security and benefits as bitcoin, bitcoin has been evolving for a long time, and bitcoin can be trusted because there are no third parties, unlike other investments that involve multiple third parties. three, in the end, if we invest elsewhere, once we invest our money, they run away..
sr. member
Activity: 784
Merit: 252
June 23, 2021, 11:06:55 AM
1. they can manipulate btc if people get affected and panic sell but if we ignore their tweets and the bad news , btc price will remain normal .
2. they can take your btc if your using a wallet where you dont own your keys and hackers can also take away your btc if your not good at caring your btc .
3. they want btc more than for payment . many stores now accepts btc and they can pay more to speed up the transaction .
because here is a very high risk place so you have to be prepared with all the possibilities that occur including fud and manipulation like this, because this is very natural when it comes to wealth everyone will definitely be competing to increase their profits.
and for the wallet problem here there is also a point but everyone of course will not be careless in storing their money in the wallet without making security, at least they will definitely do double security because this is related to their finances and of course before they start investing here of course they have learned this first
sr. member
Activity: 854
Merit: 252
Betking.io - Best Bitcoin Casino
June 23, 2021, 10:49:16 AM
this is one of the positive functions of bitcoin or in a good sense, but you also have to know what impact we will get from investing here and of course there are some impacts that other people, especially people who are just starting to invest here, don't know yet.
as we all know here that this bitcoin investment does not guarantee you will get a big profit, it could be the other way around if you don't know the function of bitcoin and you are wrong in taking a position (buying at a high price) you may lose money you because here is a very risky place. and many new people who have been affected by bitcoin because they don't know and are just trying to follow the investment here by hoping that bitcoin will continue to rise and not be accompanied by patience and the results are predictable. when bitcoin went down like now many people complained and felt they lost their money and stopped investing even though this was the wrong decision.
so be careful especially for you beginners because here it is not only investment and instant profits but also you have to be patient and smart in seeing the situation because this is a risky place
jr. member
Activity: 48
Merit: 2
The Standard Protocol - Solving Inflation
June 23, 2021, 10:23:32 AM
In not so many words. Bitcoin for me is a means to earn more and earn quick. Within a short or long period in which the value of Bitcoin goes up one can earn thousand multiples of one's capital.

Another reason I invest is the fact that bitcoin allows me to earn almost effortlessly. All I have to do is buy, hold for a while then sell at Target or desired value.
member
Activity: 868
Merit: 38
Join hands and help me to grow everybody...
June 21, 2021, 06:13:11 PM
The reason i prefer to invest in bitcoin is because it's self moderated and bitcoin regulate itself without the help of anyone, and again bitcoin investment can multiple wealth and it has a higher security level, which no one can thief your coin without been known your login details, it's the reason why i prefer cryptocurrency investment than manual investment, but people dislike cryptocurrency because its online and don't really understand its concept.
legendary
Activity: 1890
Merit: 1537
June 21, 2021, 05:37:28 PM
I invest Bitcoin because it is the most popular and most trusted currency. Investing Bitcoin is better than gold and silver. I invest it in order to make additional profits for my family life. In addition to the advantages of investing in bitcoin, no bank can block transfers and payments or close your account.
sr. member
Activity: 1680
Merit: 288
Eloncoin.org - Mars, here we come!
June 21, 2021, 04:46:48 PM
I'll reply all three straightly; if you want to invest in bitcoin, use your spare money. Not just Bitcoin; anything that has to do with the word invest. Also, it depends on the country where you are staying. Some countries have banned crypto, and using it is like looking for trouble, you may loose all your funds when they catch you, so I suggest you check the status of your country and know if they accept their citizens to use crypto.

Finally, I wouldn't really count bitcoin as a store of value (just in case you want to use it for this). Bitcoin's volatility makes it unworthy for that. There are stable coins like usdt where you can store your money and it will have it's fixed value without the ability of crashing down.
full member
Activity: 1638
Merit: 122
June 21, 2021, 03:56:04 PM
1. they can manipulate btc if people get affected and panic sell but if we ignore their tweets and the bad news , btc price will remain normal .
2. they can take your btc if your using a wallet where you dont own your keys and hackers can also take away your btc if your not good at caring your btc .
3. they want btc more than for payment . many stores now accepts btc and they can pay more to speed up the transaction .
hero member
Activity: 1428
Merit: 538
June 21, 2021, 03:24:10 PM
Investing in bitcoin, because I love the technology it's used to, and everyone is currently learning for it, I believe it will be a bright future, it makes me always want to invest in bitcoin.

The only reason to invest in bitcoin is profit if you want to make you investments 10x or more then choose bitcoin as a investment. Bitcoin fluctuates on daily basis and trader have a chance to get some good profit if he is a seasoned trader. Many people start investing in bitcoin as it become popular day by day due to the huge pump happened few months before.

I anyway don't think there are too many other people who claim they invest in Bitcoin for philanthropic reasons. That isn't the case because it wouldn't make sense in the first place. Bitcoin is not like a piece of art that somebody might really buy and pay a lot of money for just because he likes the picture. There maybe a few exceptions though who say that they wanted to own at least some Bitcoin just because it was a revolution that took place during their own times. Probably though they would buy one of these coins with a private key within them, a real collector item.
copper member
Activity: 1815
Merit: 1004
PredX - AI-Powered Prediction Market
June 20, 2021, 04:33:42 PM
#99
Investing in bitcoin, because I love the technology it's used to, and everyone is currently learning for it, I believe it will be a bright future, it makes me always want to invest in bitcoin.

The only reason to invest in bitcoin is profit if you want to make you investments 10x or more then choose bitcoin as a investment. Bitcoin fluctuates on daily basis and trader have a chance to get some good profit if he is a seasoned trader. Many people start investing in bitcoin as it become popular day by day due to the huge pump happened few months before.
sr. member
Activity: 2660
Merit: 339
June 20, 2021, 12:58:49 PM
#98
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.
For sure I also ask myself why people would think that banks would close their account for no good reason. The only reason why banks will close your account is when you’re involved in illegal practices. If you’re the keep–your–hands–clean type of person, then you wouldn’t have anything to worry about banks closing your account. So you’re right about that particular one. And secondly , there isn’t many stores where you can spend Bitcoin, I don’t have any problem because I think the main purpose is just peer to peer transactions.

There are companies that pays their workers with bitcoin these days. Then as for the transactions taking long, it’s not something that happens all the time. Finally, your first point shows you don’t understand it. Bitcoin has a time it goes up big like it did this year, and it after every four years when there is a halving, and after the prices goes up, it always comes down. So, I don’t think it’s all about whatever nonsense any influencer has to say or not, because without them saying it, the price will still go down.
hero member
Activity: 1106
Merit: 501
June 20, 2021, 12:20:40 PM
#97
Not to overcomplicate things, it's basically because it is a good investment, it has a good liquidity and has been supported and trusted by the crypto community. As long as the crypto community believes in bitcoin it will constantly go to higher price, bitcoin has solidified its position in cryptocurrencies without market making and it is impressive how its been supported all these years with so many projects going here and there.

Bitcoins DLT became popular and still getting some attention, blockchain technology really is one of the main reason to buy bitcoin, you don't have to use it because others will, and as long as it is being demanded its value will never fade away and will continuously grow, that's why its always a good investment.
newbie
Activity: 58
Merit: 0
June 20, 2021, 12:16:49 PM
#96
Reason 01: For the Spreading FAKE news through any person or organization, Bitcoin can devalue BUT it is huge powerful fundamental community that has no big impact. Bitcoin has no regulatory body so no Government can interfere in it's activities for that's reason you haven't worry to Invest in Bitcoin.

Reason 03: Why you not Purchase your needed products from many stores at Once? If ALL the Stores Accept Bitcoin.
full member
Activity: 812
Merit: 108
June 20, 2021, 10:24:53 AM
#95
The real reason I invest in bitcoin is that I love the freedom of being able to use it with anything you can think of. It's great. Profit? I definitely need it. and to achieve - I need to support and keep them to the due date. It will come with trust, understanding and passion for bitcoin, it's a game and I'm a player Smiley) There were 60% crying when selling at a loss in May-June, who they are> what they do .
Guys, Happy Father's Day!!
legendary
Activity: 2338
Merit: 1084
zknodes.org
June 20, 2021, 09:17:31 AM
#94
The main reason I invest in bitcoin is for profit or to double my money. I don't want to be hypocritical but it's true.
trading with high bitcoin price fluctuations will provide many advantages. But not just trading. I do the analysis first before I enter and exit the market.
Bitcoin or cryptocurrencies are great for short-term or long-term investments. Bitcoin is the most popular digital asset today.
sr. member
Activity: 1232
Merit: 379
June 20, 2021, 07:37:50 AM
#93
Investing in bitcoin, because I love the technology it's used to, and everyone is currently learning for it, I believe it will be a bright future, it makes me always want to invest in bitcoin.
Everyone is definitely learning about the Cryptocurrency and how it works. I invest in Bitcoin because, it has low security risk, and you can easily send it to anybody around the world.
sr. member
Activity: 2338
Merit: 273
DGbet.fun - Crypto Sportsbook
June 20, 2021, 06:58:24 AM
#92
Investing in bitcoin, because I love the technology it's used to, and everyone is currently learning for it, I believe it will be a bright future, it makes me always want to invest in bitcoin.
hero member
Activity: 1428
Merit: 538
June 20, 2021, 06:57:37 AM
#91
Reason 4: Bitcoin is scarce. It has a limited supply and that's why it's become a good asset that everyone can invest in.
Reason 5: You don't have to buy a whole bitcoin so that you can invest in it. You can buy it in batches as many as you can, as freely you as can.

The reason 4 here needs some more important clarification. There could be forks of Bitcoin that are the exact same and therefore also scarce, but that doesn't make the forks valuable. What makes Bitcoin valuable is its first mover advantage and along with that the organically grown ecosystem around it. You can fork the chain and set up an exact copy of it, but you can't fork the ecosystem. That is why it is very hard for other coins to overtake or even close to Bitcoin's market capitalization. There is no other PoW coin that has a similarly sized ecosystem around it.
full member
Activity: 616
Merit: 100
https://exip.live/
June 20, 2021, 06:10:27 AM
#90
Bitcoin is just similar gold which the supply is limited, and the circulating supply will increase only from mining that need long time and high energy cost. But fiat is very easy to increase the supply, only by printing for a second. If we compare Gold and BTC, BTC has more advantages because we can use it for cross border payment and take a few minute to comfirm, but for physical Gold hard to do.  The price action of BTC and GOLD is bit similar so in the future BTC possible to reach current marketcap of Gold, that is above $10T. For afew years BTC and Gold is against inflation of fiat.
sr. member
Activity: 1330
Merit: 257
DGbet.fun - Crypto Sportsbook
June 20, 2021, 03:47:24 AM
#89
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.


indeed bitcoin can not be used by many shops, but if communication is held maybe one store will accept bitcoin as payment,

the reason I keep bitcoins only as my long-term asset, and without being taxed (I'm not a tax-abiding person) and also if I save in the bank my money will be deducted by whatever fees, but I keep my money in bitcoin and other alts still without tax every month,
it's just that it takes patience if the value we have is reduced to the initial price  Grin
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