Topic: Reasons why I prefer Bitcoin over any other assets and dips don't panic me.... - page 3. (Read 1633 times)

Well, media will going to publish or report news that was purely in favor to government though not all the time but because the media has no source of legit news when it comes to cryptocurrency they will going to rely on the opinion and insights of government officials. But yeah, look at we now, even if bitcoin was challenged and questioned a couple of times we still believe and people trusting bitcoin are keep on rising the number. However, we can't deny the fact that at first we also doubt bitcoin because of fake news.

Mainstream media is a little annoying with the news they spread. So I wonder, what do they really want?
Regardless, I still choose bitcoin as my investment tool and without us knowing it we are like holding a bank in our hands. Apart from bitcoins I haven't found any asset that I really feel comfortable owning with.

Bitcoin is not tool to make us rich overnight but it is being used in two perspective which are the first one is payment mode then secondary as an investment asset to hold for long term or short term According to our preference.But one believing in bitcoin and be rich at this time have no direct relationship as many investors or people who started to believe in it little bit late and have invested some amounts not too considerable are not millionaire at this time.But those who have invested at an early age good amounts are ofcourse rich at this time because now it's above $47k so those who invested at $500-$1000 are already enjoying good returns.

Then you are saying it's legit then it also has two meanings like the first one was it was always legit but portrayed it in negative aspects by government and media and rest people started calling it bubble who doesn't understand its value and base functioning as it was needle to burst the fiat and central bubble.Second it is only legal tender in El Salvador at this time if you are speaking in that context because many countries are discussing regulations for the same.Now more and more people are educated enough to read about bitcoin on the net and various sources and above all they are investing the funds in it for gaining more profits in the long run to have deflationary future ahead.The thing is you should learn about it at this time or remain in the inflation boat all the time that can sink you anytime.Choice is yours.

Everything has its pros and cons. Nothing is perfect. But the pros of bitcoin outweigh the cons.
Those who say it is the future assets are the ones that really knows what bitcoin is and how it is better than the traditional currency. They know the future potential of crypto currencies. Those who say its a scam, are the ones that knows nothing about bitcoin and has probably lost money investing in it. Or are just butthurt because they didn't invest when they could.
It does affect the market. They spread FUDs causing the price to crash. And not many countries, almost all country has made bitcoin legal. Only few countries made it illegal.

At the first place if we truly believes what bitcoin can do perhaps we are now very rich because of it.. Lol but unfortunately we have some doubts that time wherein the price isn't really high. and because as well of some fake news around the internet especially when it comes predictions and etc that bitcoin will not last, we really missed all the opportunities.  Cheesy now probably we can say that bitcoin is totally legit because of the position right now in the market.  No doubts.. Lol

Can't exactly say when will be the next ATH but as we are facing year end at around $46k and maybe this price range could hit some upper limits of $47-$48k in next two days whereas the indications were much higher according to PlanB of $98k but still the market reacts suddenly so can't figure out next move.

The conditions were worse because of all these panic sellers and yes they don't have long term goal in mind and if you look closely they sell out of fear when prices are going down they feel losing funds or any type of FUD which hints them as if it will never recover again ignoring the history charts and future reference and adoption curve.So they will always be remain the same.But one thing is sure btc will rise to extreme levels in few years and then they will trust it.

So do you believe in it or like others living in illusion that it's bubble? We can't convince all about btc as everyone had to decide his own faith but we can guide them about ture representation and use case of it rest is their wish.

while your stand is quite understandable yet in time when all of that bad implication is not to be part of the future.
Nuclear war and Solar Flare may happen but i believe that if it happens ? the world will End then so there is no need for gold and silver also .

And am very certain or it is certain that there will be next ath and it will be higher than 2021 ath, seeing all these previous growths to the next level removes all doubt and fear, there is no other assets like btc, no assets as accommodative as btc, it is an asset for every generation,
People who are always panicking to sell don't have a long term goal in mind, between 10 - 11 years is not that far but look what btc already managed to achieve, I have come to understand one thing about btc, accumulate when there is dip (as long as you can afford to) because every dip is an opportunity, when the market is in full speed, you would wish you bought the dip.

Comparing bitcoin with gold is the worst that we can do because it's far more better than gold and people at an early stage called it digital gold because it was progressive hard and becoming people's favourite choices but it has lot of differences between it as the supply is limited to 21 million and most importantly it has given immense returns to the holders over the decade whereas your gold is lying dead in your bank lockers for all that period.

You said crypto is traceable but there are lot of ways to do so in Bitcoin also like through mixing services where it becomes impossible to track the transactions also but if you are making right transactions you don't need to worry about the same.But your concern makes me feel whether gold is used in illicit activities if you fear tracking? Suppose you carry your physical gold how much you can carry along with safety in this new world where thiefs and attackers have various ways to take it from you? The wars and nuclear things you are talking about can't shut down the internet completely because the tele communication needs to be taken at some point but yes they can declare emergency to take funds from you in your physical gold format through your bank lockers and deny access to it.

The fiat and all other markets are the most affected during this wars and do you think gold will remain unaffected with them?You could check that during war times the gold prices surged and after the conditions are normal they return to the pre invasion prices during almost every scenario so c'mon be wise enough to make difference between your money and choose the right ones if you can see it apart from your war concept.

We know the potential of the bitcoin for over a year and its already proven and tested doesn't need to doubt it also it depends on the investor for being a short term or long term investor. For me it's ideal for both too. Currently im holding a small amount of bitcoin still art of the price movement and profit. Also every 4 years theres an halving happens that cut the supplies and makes more the bitcoin valuable than the other coins.

The world has had Bitcoin equivalent for thousands of years, and they called it gold. Sure it wasn't digital, there were no computers back then. Gold is still around, sure crypto is easier to transact in peace time.

Only thing I can think of is if the electric grid were to fail for some reason (nuclear war, massive solar flare or something to that effect), then Gold/silver would be better...

Each and every holder have different approach to invest and bitcoin like for some DCA would be beneficial but for this you need to have regular flow of income so that you can put up money at your desired intervals but on other side if you can't do that and want to put some extra funds at once you can opt that strategy also and can do that whenever you wish to to so.

But then we say about holding then it's also dependant on how much years we can be patient enough to hold or sometimes we are in emergency so need to cash out our coins so it's not at all problems because we save to use them whenever we are in need.Suppose you have invested at $50k then prices are $100k now after 2-3 years then selling at this level already put you in the profitable situation so selling at that time won't be loss but if can hold even further then it's fine but use your mind as profit is main point if we take it as an asset class.So it all varies and we can't say when to sell or buy as timing out market perfectly is very hard to achieve.So take and manage your investment in best possible way you can.

If that's the goal for investing in bitcoin. Make sure that you won't be selling at $100k-$200k.

Because if those prices have come, you'll be tempted to sell at those prices. Even I, I wouldn't have any thought of selling some by that time.

We are here to gain knowledge about bitcoin and all the technical and non technical stuff and the main concern is we all share some common interest and want to engage in the crypto discussion as whole.This is forum where you can discussion on various topics like economic, political and mainly bitcoin related conversations.

But if you say about investment then crypto as a whole is very risky state and you can't trust all the coins if you think in that perspective.You could see there are lot of coins that witnessed dump in the market in past few days but my main investment is bitcoin due to all the factors that i have mentioned in the @op and you decision could be entirely different from mine but bitcoin is really best.Crypto as a whole is not good because it contains shitcoins which are full risk investment so take this into consideration.

Mind you that you do not have to convince others to have the same believe as you do about the Bitcoin network, more often than not, it is counterproductive, I found out some years ago that whenever I tried to talk to someone and convince the person about Bitcoin, when they invest and there is a small correction, they inundate me calls and keep blaming me for bringing them into the network, so I had to stop it. What's most important is that you believe in the Bitcoin network to be a sustainable project and you're in the network to stay, what others, or the government/media thinks doesn't really matter.

I agree with your strategic concept that investing is very good if it can last up to 3-4 years, as we have seen from year to year with significantly increasing prices. there is nothing wrong if you can invest now and can save up to 4 years in the future., because it is very likely that bitcoin will reach $300k in 2025 in the future.

Very good achievement and your strategy is quite good I am also happy with your achievement.
this is proof that bitcoin is indeed a good thing to invest in.
But on the other hand this is also a reminder that of course when investing here is not a matter of a day or two, and from your story I can see that it will take at least a few years to achieve that.
there are at least 3-4 years when you sell up to $ 17000 because as far as I know the price of bitcoin at $ 300 is in 2013/2014.
and this is solid proof that holding is a good thing to do especially for bitcoin

dumps? i don't even see this as a dump as it diminishes just a little bit and i prefer to call this a correction.
things like this are very reasonable because if they don't, I don't think there is a stepping stone for them to lead to the next ATH, and this is nothing to worry about.
on the other hand when something like this happens it is a test for the holders of this coin whether they can withstand it or will they waver

from the beginning Bitcoin came the price grew very fantastically and when Bitcoin fell the price always recovered even a few years ago Bitcoin fell so deep and now Bitcin is able to rise and even beyond our expectations we all rose very high to be able to reach 2 times His ATH in no time.
from what has happened I really believe that the future of Bitcoin will continue to grow even though I can't convince others of it but I personally really believe because of what has happened to Bitcoin in the past.

Most of us here in this forum have the same view and stand , because this is the reason why we are here because we trust crypto more than everything else in our world now.
we even invested our money Blindly so why the hell choose other place like banks or stocks when in crypto the volatility always there to bring us profit?