Topic: Reasons to Invest in Bitcoin?? - page 7. (Read 1929 times)
Basically it is from the characteristics of bitcoin itself that it can provide many benefits, there are many positive things that can be taken from its advantages, such as investing, of course. Other than that this has indeed proven to be of interest to many investors, there is no doubt about it because of the many offers from many investors.
Bitcoin is a valuable cryptocurrency. You should invest in bitcoin for the following reasons:
1. Increased demand.
2. Bright investment future.
3. The crypto bubble has burst.
4. Blockchain core technology.
5. Footprints of Giants.
6. Easy access.
7. Safe transaction.
1. Increased demand.
2. Bright investment future.
3. The crypto bubble has burst.
4. Blockchain core technology.
5. Footprints of Giants.
6. Easy access.
7. Safe transaction.
--
It is the basic reason for Bitcoin.However, I personally have some reasons why I must hold bitcoin right now:
- Want to get more profits
- The price of BTC is still down and I have no choice besides holding
- Waiting for the price of BTC can reach at least $80k
More specifically
There are real so many reasons to which people chooses to invest in bitcoin, firstly nobody will invest in something that is not profitable, bitcoin is profitable because of it's volatile price so the main reason people invest in bitcoin is to make money, another reason people invest in bitcoin is because it gives them full control of their assets and also through bitcoin there can actually send money to anywhere without much stress. Many people will so choose bitcoin over many investments platform.
The thing is, all of the instruments in investing are risky, even though the risks have been set as low, there are still chances and reasons that would make you go broke.
And if that's the case, then why not go with the high-risk high-reward game instead? It would be the same anyway.
I never regret that I am currently in this community and support Bitcoin since then. And the investment I had before is now growing and rewarding me so I will agree with this.
And if that's the case, then why not go with the high-risk high-reward game instead? It would be the same anyway.
I never regret that I am currently in this community and support Bitcoin since then. And the investment I had before is now growing and rewarding me so I will agree with this.
P2P transactions is enough for me to use bitcoin
Yes you are correct, but what you wrote, like for example reason number one, it has good thing as well. Sure, bitcoin is easily affected, even a bit bad news can decrease the price. However, the same happened with good news, it can increase bitcoin price as well. That's why i guess you just need to wait for the price to increase, since it's volatile too so it's not that hard for the price to budge. Then, why should you worry about bank? Bank can't do anything to your bitcoin, and from my experience, i never get my money confiscated or something just because i earned it from bitcoin, it's not something illegal. But if in your country it's illegal, you might need to think other way. And lastly, yes. Unfortunately bitcoin is not common yet to be used in a transaction, but then it's why bitcoin is great for investment, since you can't use it anyway, just put it for long hold it and then gain profits from it. No need to spend it for purchase.
My reason is basically I see that the government is playing with the fiat system and it is a multi nation 'race to the bottom'. I also like gold but gold is not a replacement for a type of currency whereas bitcoin in my view is.
easy than the other stuff.
like you can invest anytime, anywhere, with ease in various ways.
bitcoin have big advantage if you compare with other investment. in a fact, many people still dont know about this one, and thing if bitcoin is scam.
and the point is, bitcoin, one of the thing must have by investor
like you can invest anytime, anywhere, with ease in various ways.
bitcoin have big advantage if you compare with other investment. in a fact, many people still dont know about this one, and thing if bitcoin is scam.
and the point is, bitcoin, one of the thing must have by investor
Bitcoin is a reliable asset and must be included in a portfolio. I believe that it is better to keep at least 20% in bitcoin. Help me choose which wallet is better?
Because Bitcoin has value because it is valuable as a form of currency. Bitcoin has the mathematical characteristics of currency (persistence, portability, interchangeability, scarcity, divisibility, and easy identification) rather than relying on physical characteristics (such as gold and silver) or the trust of the central authority ( Such as legal tender).
There are many to mention on why people should invest in Bitcoin but first they have to learn how to increase their security against scammer and a bank type wallet aka custodial wallets. The answer is simple, not your keys, not your coins.
And oh, did I mention that you can make profit just by holding Bitcoin? Yes, you can make money from it but you should know first how things work including the transaction fees, the fluctuation that does make some changes in their current price and the halving period.
And oh, did I mention that you can make profit just by holding Bitcoin? Yes, you can make money from it but you should know first how things work including the transaction fees, the fluctuation that does make some changes in their current price and the halving period.
To make a profit in Bitcoin is the main reason why people are coming in here and do an investment. And they are absolutely right. But, in order to make reach our goal and become profitable, it is a need for us to clearly understand the risk otherwise, we just fail.
And the other thing is that we don't be overly confident that everything will work fine after investing. We can't simply ignore the volatility of the market and who knows Bitcoin price will dump after we buy, that will be a big challenge and I'm not sure if these people know what to do next or to have sold it back?
And the other thing is that we don't be overly confident that everything will work fine after investing. We can't simply ignore the volatility of the market and who knows Bitcoin price will dump after we buy, that will be a big challenge and I'm not sure if these people know what to do next or to have sold it back?
Because Bitcoin is the only asset that I can buy with the financial capabilities I have and can provide very large profits if I HODL in the long run.
So that's the reason why I chose to invest in Bitcoin, because I see Bitcoin can make me rich in the future. The increase in the price of Bitcoin is
indeed more significant than other assets. But everyone must have their own reasons why they choose to invest in Bitcoin, so whatever the reason
we invest in Bitcoin, most importantly Bitcoin is a good asset for investment.
So that's the reason why I chose to invest in Bitcoin, because I see Bitcoin can make me rich in the future. The increase in the price of Bitcoin is
indeed more significant than other assets. But everyone must have their own reasons why they choose to invest in Bitcoin, so whatever the reason
we invest in Bitcoin, most importantly Bitcoin is a good asset for investment.
Banks cannot confiscate your money as long as you aren't making an illegal transaction etc. .
Even if you don't do but if they suspect you, they're going to freeze your account and if they've received a demand from the higher ops then they can do whatever they want with your funds.If your country hasn't imposed a ban on cryptocurrencies, then you should be good to go. And yes, Bitcoin has still some serious problems about low-speed transactions, high fees etc. . But I'm hoping Lightning Network to solve this problem in the future.
Well, the high fees for each transaction are no longer a thing. It does look high because of its conversion to dollars but if you look at the normal transaction just like before, nothing had changed and it's cheap. 
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. 
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 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.
Well at least the inflation is controlled. The decline in value due to FUD is impermanent losses as long as you didnn't sell you Bitcoin at a lost you don't lost any while cash has everlasting value devaluation due to unlimited inflation.
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?
True that, even if you are not doing any illegal means as long as the bank misunderstood your means of producing wealth, they will lock it until you have proven them you are wrong that would take time.
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.
Please correct me if I am misinformed.
The thing here is that you can send it to anyone in the world without any third party mediation, as of the time confirmation, developers are working on it so I believe in due time Bitcoin will have an instant transaction and way faster confirmation.
Banks cannot confiscate your money as long as you aren't making an illegal transaction etc. . If your country hasn't imposed a ban on cryptocurrencies, then you should be good to go. And yes, Bitcoin has still some serious problems about low-speed transactions, high fees etc. . But I'm hoping Lightning Network to solve this problem in the future.
all reviews as op wrote about why we should invest in bitcoin..? only a few while the underlying reasons are many such as security levels, low inflation rates and many others, it's just that how do we use bitcoin as money still can't be implemented in the real world because there are still many people who don't know bitcoin and are supported by the government which does not legalize bitcoin as a transaction tool, so 80% of bitcoin circulates only as investment and trading assets
I'm going to answer OP on reason 3.
If in my locality there are no stores that want to accept bitcoin. Of course, I have several options. Hold, buy, sell, exchange bitcoin for Fiat in the P2P of my preference.
We discuss that many times in this forum because we know how bitcoin works but for people who do not know anything it is a complete challenge.
Until they renounce the right to have bitcoin as a legal tender. As is happening in El Salvador, there are some groups that are rejecting the opportunity that many of us would like to see come to our countries.
If in my locality there are no stores that want to accept bitcoin. Of course, I have several options. Hold, buy, sell, exchange bitcoin for Fiat in the P2P of my preference.
We discuss that many times in this forum because we know how bitcoin works but for people who do not know anything it is a complete challenge.
Until they renounce the right to have bitcoin as a legal tender. As is happening in El Salvador, there are some groups that are rejecting the opportunity that many of us would like to see come to our countries.
...
The reasons you put forward are quite reasonable...but there are some parts that you are wrong about, in some countries you can already pay with Bitcoin. other than that the best reason why invest in Bitcoin is that the amount is limited and decentralized, in the future the price of Bitcoin will definitely be much more expensive than today.
Jump to: