Topic: Reasons to Invest in Bitcoin?? - page 8. (Read 1929 times)
First the bitcoin of future looking very bright,and after my research and see the trand of bitcoin I don't think there is a big business than bitcoin , bitcoin is most popular business of online field,and most profitable as well.and in upcoming time it will grow more , reason there are many people involve in bitcoin,and Community of bitcoin is very big now.These all and more reasns attract people to invest in bitcoin.And if I talk about my self , bitcoin is my full time business and I love bitcoin and bitcoin currency will be world No 1 currency one day.
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 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.
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.
1. Yes right now it gets influenced by a single tweet to dump but can also be influenced to pump. No matyer if you see this as a very good opportunity or not, it isn't going to last long as bitcoin matures even further as world wide adoption happens.
2. There have been many cases in my country when banks suddenly close due to bankruptcy or other issues and if it happened to some, it can also happen to others. So yes, you should worry despite not doing something illegal.
3. Privacy without having the need to explain your reasons for sending despite the identity of the reciever or yhe reason behind the payment. And lightning network can solve the long transaction time.
Bitcoin has real value now because now big big company already have listed bitcoin as their payment gateway. And bitcoin's demand is upraising so there is good future value for bitcoin so i optimistic that it will be my future.
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 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.
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.
Inflation and currency debasement is one of the most important reasons why you should at least store some of your wealth in bitcoin. Especially if you are from somewhere where the local currency is loosing value fast against USD. Also the USD itself is loosing purchasing power (just look at the price of a mcdonalds meal in the 70's compared to now). Either way BTC's main selling point is its hardness as a currency.
While I do believe that bitcoin is a good "investment" I think it's important to note that bitcoin is inherently NOT an investment. However, just as with any countries fiat money, it has become an investment and is traded in the markets. That being said I also want to point out that it should only be part of ones entire portfolio, and not everything in ones portfolio. There's a lot of risk that comes with cryptocurrencies and it's important to remain invested in a diversified manner.
by investing in bitcoin, we not only save money easily in the long run
but we also benefit in the long run
although relatively new compared to other types of investments such as stocks or other traditional assets
Yes we always get an extra benefit to invest on bitcoin .If we compared the other market like forex ,stocks ,Commodities it always crypto is high volatile .That's why we can easily get our profit quickly .It has many use as well we can transaction it globally within a second and the blockchain system is more secure than any other platform .It has real value and bright future for sure that's why we always wanna invest on Bitcoin. but we also benefit in the long run
although relatively new compared to other types of investments such as stocks or other traditional assets
There are many reasons to invest in Bitcoin.Because Bitcoin will be the future of currency in near future.
As we can see Already a lot of people adopting Bitcoin.
They know that in near future Cryptocurrency will be the most used and popular payment gateway.
As we can see Already a lot of people adopting Bitcoin.
They know that in near future Cryptocurrency will be the most used and popular payment gateway.
first time I got to know bitcoin and decided to buy bitcoin for a long-term investment the main thing because I wanted to make a profit. the first thing to do is to learn the technology to avoid panic when there is a bear market
Bitcoin is the only currency that allows you to make realistically fast payments while holding it and appreciating rapidly every month and every year. Looking at fiat currencies around the world, none of them has the characteristic of long-term appreciation, which only makes consumer holders and investors feel that their money has less and less purchasing power.
I have my doubts with faster payments though, there are more apps that are much faster than what bitcoin is now. You are right about the fiat appreciation though, but there is inflation to curtail the depreciation in value. The reason in my opinion is the promise of bitcoin to be your own bank is sort of true.
Bitcoin is the only currency that allows you to make realistically fast payments while holding it and appreciating rapidly every month and every year. Looking at fiat currencies around the world, none of them has the characteristic of long-term appreciation, which only makes consumer holders and investors feel that their money has less and less purchasing power.
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Even if that is an easy thing, most people can hold their bitcoin for a long time. People tend to panic when the price starts moving up or down because they may not be ready to see that happen. A small number of people can survive to hold their bitcoin because they can control their emotions and decide not to watch the market very often. If they can hold it, they will make a big profit in the future.
Anxiety and fear of experiencing losses sometimes make what you do actually make the situation uncontrollable. many of them always believe the bad news circulating on social media and when they see the market price, they can't help themselves, don't analyze well. whereas many are muddying the atmosphere with bad news to benefit themselves and this is sometimes not realized.if we just want to hold it, we can be sure that bitcoin will always form renewable ATH again at some time later, so there's no need to worry because holding bitcoin will not lose money, it just depends on time, which at least takes 4 years according to the halving. maybe even faster because the market situation is actually improving.
You need to have a calming down if you decide to hold bitcoin because the price will go up and down fast, making you worry. But, I guess we may not be waiting for the next 4 years because the bitcoin price can increase again anytime and hopefully, that can happen this year.
I am having a hard time thinking of any good reasons NOT to invest in bitcoin.
Call me crazy, but I feel like at this point the real risk is NOT investing in bitcoin...
Call me crazy, but I feel like at this point the real risk is NOT investing in bitcoin...
by investing in bitcoin, we not only save money easily in the long run
but we also benefit in the long run
although relatively new compared to other types of investments such as stocks or other traditional assets
but we also benefit in the long run
although relatively new compared to other types of investments such as stocks or other traditional assets
~snip~
Are you generally informed of Bitcoin's intention? It's written in the whitepaper and it surely isn't made to be used as an investment regardless that it's being seen as an investment and as a store of value asset. I'm just telling you, because the reasons you mentioned have nothing to do with why you should invest in it. A greater response would be that it has lots of potential and countries have started adopting it; not those you wrote. Actually, the 2 & 3 you mentioned justify why it should be used as a currency.So, your point about banks stealing money only applies if you have money above this threshold stored in one bank.
I believe that his point is that the banks can steal your money whenever they want; the fact that they won't due to law prevention isn't the same with not being able to. 
Even if that is an easy thing, most people can hold their bitcoin for a long time. People tend to panic when the price starts moving up or down because they may not be ready to see that happen. A small number of people can survive to hold their bitcoin because they can control their emotions and decide not to watch the market very often. If they can hold it, they will make a big profit in the future.
Anxiety and fear of experiencing losses sometimes make what you do actually make the situation uncontrollable. many of them always believe the bad news circulating on social media and when they see the market price, they can't help themselves, don't analyze well. whereas many are muddying the atmosphere with bad news to benefit themselves and this is sometimes not realized.if we just want to hold it, we can be sure that bitcoin will always form renewable ATH again at some time later, so there's no need to worry because holding bitcoin will not lose money, it just depends on time, which at least takes 4 years according to the halving. maybe even faster because the market situation is actually improving.
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.
Indeed and that is why i totally supporting crypto specially bitcoinReason 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.
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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?
Unless you are stupid enough to let hackers or scammers interfere your account and that is by your own mistakes.Quote
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.
the volatility is what people wants to invest and be their money in bitcoin. imagine that if you put your money now worth 100$ there is a chance in 5 days period this can be double when you needed to use( but of course there is the other way around that may lose your funds by time lol) Please correct me if I am misinformed.
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Because it is the easiest investment to have?
It could give you a huge profit if played right.
Easy to buy or sell anytime you want.
You could hold your own investment if you want (By putting it on your hardware wallet).
yes we can all compare it with 5 years ago. Besides that, rarity will continue to occur because almost 21 million bitcoins have been minedIt could give you a huge profit if played right.
Easy to buy or sell anytime you want.
You could hold your own investment if you want (By putting it on your hardware wallet).
Because it is the easiest investment to have?
It could give you a huge profit if played right.
Easy to buy or sell anytime you want.
You could hold your own investment if you want (By putting it on your hardware wallet).
yes we can all compare it with 5 years ago. Besides that, rarity will continue to occur because almost 21 million bitcoins have been mined It could give you a huge profit if played right.
Easy to buy or sell anytime you want.
You could hold your own investment if you want (By putting it on your hardware wallet).
Well, honestly, tldr of everything here is that you invest in Bitcoin because ITS Bitcoin. That's about it.
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.
A temporary problem that affects the short term of the market. Not really a long-term effect, so I don't really see many issues. A problem that can be solved with time isn't really a problem imo. 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?
Uh how is this related to Bitcoin? That's a fiat-related thing. As long as you're not doing illegal, I don't think it's an issueReason 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.
Again, a matter that can be solved with time. Plus transaction speeds are being fixed with the current LN. 
Because it is the easiest investment to have?
It could give you a huge profit if played right.
Easy to buy or sell anytime you want.
You could hold your own investment if you want (By putting it on your hardware wallet).
This gets rather not true as time goes by because a lot of people are making bitcoin much more complex but if you still do the old way, then you can probably still do it but some companies entering bitcoin are making things more complicated. But overall I do agree that it's an easy investment with a really big returns and it's unlike any other existing out there. It could give you a huge profit if played right.
Easy to buy or sell anytime you want.
You could hold your own investment if you want (By putting it on your hardware wallet).
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