Bitcoin has the capability to recover even with the long market downturn like what we are experiencing now. This is why I am DCA'ing with Bitcoin even though that others would say that it's "boring" and "traditional". However, it's one of the best methods to accumulate and build wealth overtime while waiting for the market to recover and start a bull run season even that there are no promises or guarantees about it.
yeah, it's of Truth that Bitcoin is one the top coins in cryptocurrency industry you can invest with and have rest of mind despite of it's bearish season. No investors who knows the tradition of cryptocurrency and especially bitcoin that hesitate not to accumulate it's Bitcoin for future purpose. Because it's obvious that Bitcoin will return to the it's normal values and get out for the state of abnormal market value of bearish. No investors who is not buying more and more bitcoin and wait for bullish occurrence.
Topic: Special reasons for bitcoin purchase (Read 391 times)
The reasons why so many persons invest in bitcoin is the depreciation, centralization and the appreciative aspect in bitcoin.
I believe this is not what you really meant, maybe the opposite because what entice people about bitcoin is the appreciative value and decentralization nature it's built with, everyone want to go private and secured, no Involvement of third party ir indescriminate charges deductions from users account, control and freedom over financial asset is what the people and this helps in giving bitcoin priority over the fiat currency in preference.
I don't know if these are special reasons but 1) being an early adopter and onboard to the way of the future, 2) deflationary unlike inflationary fiat- people are getting tired of seeing their money buy less and less over time, and 3) diversifying ones own portfolio.
The main reason for buying Bitcoin is that no matter how much the price of Bitcoin is dumped, the price of Bitcoin is being pumped again. People can easily invest in Bitcoin. Bitcoin was then considered a digital currency. Bitcoin has not been legalized in our country but soon our Bangladesh government will legalize Bitcoin. Another important aspect of investing in Bitcoin is that if you invest in Bitcoin, not many people will know that you are very rich. Everyone will understand if you invest in anything other than Bitcoin. But I think this bitcoin has gained the trust of many people because they trust bitcoin and they buy it as a valuable asset. The price of Bitcoin is low at the present time but everyone believes that the price will go up very soon and I believe that the price of Bitcoin will go up further. That is why many people in our country invest in this cryptocurrency Bitcoin.
Bitcoin has the capability to recover even with the long market downturn like what we are experiencing now. This is why I am DCA'ing with Bitcoin even though that others would say that it's "boring" and "traditional". However, it's one of the best methods to accumulate and build wealth overtime while waiting for the market to recover and start a bull run season even that there are no promises or guarantees about it.
yeah, it's of Truth that Bitcoin is one the top coins in cryptocurrency industry you can invest with and have rest of mind despite of it's bearish season. No investors who knows the tradition of cryptocurrency and especially bitcoin that hesitate not to accumulate it's Bitcoin for future purpose. Because it's obvious that Bitcoin will return to the it's normal values and get out for the state of abnormal market value of bearish. No investors who is not buying more and more bitcoin and wait for bullish occurrence. The reasons why so many persons invest in bitcoin is the depreciation, centralization and the appreciative aspect in bitcoin. This stages are very important to traders or exchangers. it’s a medium of efficient, crypto currency has been a life change in recent years, it has been a great value for storing assets, commodities and currency. These qualities attract to those who believe In future bitcoin. Crypto help those who have issues with hyperinflation..
For the fact that bitcoin has the quality to appreciate people will always see it to be special , because the society we find ourselves today people need what will help them to be financially stable, and they found that in bitcoin. People will always fancy bitcoin and want to invest bitcoin because bitcoin is the real money.
The reasons why so many persons invest in bitcoin is the depreciation, centralization and the appreciative aspect in bitcoin. This stages are very important to traders or exchangers. it’s a medium of efficient, crypto currency has been a life change in recent years, it has been a great value for storing assets, commodities and currency. These qualities attract to those who believe In future bitcoin. Crypto help those who have issues with hyperinflation..
Bitcoin investment comes with many unpredictable outcomes. The only interesting and unique part of it is it's decentralization aspect. Knowing when to take advantage of trend is the only criteria to suit into the market condition at any point to profit from exchanges. Bitcoin is never a one way direction asset. It moves like ever other assets with highs and lows. Bitcoin as a deflationary asset helps curb hyperinflation and increasing cost of commodities and falling price of unstable fiat currencies using bitcoin as a store of value. 
The reasons why so many persons invest in bitcoin is the depreciation, centralization and the appreciative aspect in bitcoin.
My mind is blown — you actually managed to get 2 out of 3 things wrong, and these are the very basic aspects of Bitcoin.
Come to the B&H board and you would be amazed at the things you would see. The misconceptions would just live you in awoh! Anyway, there is always room for corrections right... well to OP, Depreciation and Centralization aren't reasons at all, except you mean the opposite. By that i mean, as something world citizens run from to make cryptocurrency investments then, I could see few reasons with you @OP.
Everyone has got his or her reasons for buying bitcoin and most times if we are to be sincere, its mainly for profit making as, its an asset that appreciates in value wth time. That's if your prepared to hodl for a long time but, for those having this mentality, it's possible but you must realise crupyos aren't some get reach quick scheme. It could go south too!
As for me the reason why I have always want to always purchase bitcoin is because I trust bitcoin even when the market is down, I have the assurance that the I purchased are safe and it won't totally wipe away, what I just have to do is to have patience to wait when the market bull. The mindset I have toward bitcoin can't be found in other cryptocurrencies.
The tremendous increase attracts all new people to buy Bitcoin. But they don't even learn what the risks are. So their main goal is to make a profit, the price of bitcoin has increased over Gold. In addition, trust in bitcoin began to grow. Many big companies own Bitcoin. In addition, several countries have also legalized bitcoin as payment. Despite the world bank and the IMF I think Bitcoin will continue to grow. This digital currency has been predicted for a long time and is now becoming a reality.
Despite many concerns from the government, many countries have provided facilities for crypto. They are aware that crypto provides benefits through taxes that can be taken from crypto transaction activities.
Despite many concerns from the government, many countries have provided facilities for crypto. They are aware that crypto provides benefits through taxes that can be taken from crypto transaction activities.
My mind is blown — you actually managed to get 2 out of 3 things wrong, and these are the very basic aspects of Bitcoin.
And even if you got all these 3 right, what's the point of this topic in the first place? You're just trying to repeat things that have been said here a zillion times already.
And even if you got all these 3 right, what's the point of this topic in the first place? You're just trying to repeat things that have been said here a zillion times already.
Am actually not surprised to see this, I think he/she wanted to come up with a thread but got it all wrong. Because I'm sure he must have been told, if you post a thread, you get merits which grows your rank on the forum, and forgetting the fact that thread differs, because I see no link-up with the title and the body of the thread. It's totally off point. (Sorry to say oh).. but that's the truth
Bitcoin has the capability to recover even with the long market downturn like what we are experiencing now. This is why I am DCA'ing with Bitcoin even though that others would say that it's "boring" and "traditional". However, it's one of the best methods to accumulate and build wealth overtime while waiting for the market to recover and start a bull run season even that there are no promises or guarantees about it.
The reasons why so many persons invest in bitcoin is the depreciation, centralization and the appreciative aspect in bitcoin. This stages are very important to traders or exchangers. it’s a medium of efficient, crypto currency has been a life change in recent years, it has been a great value for storing assets, commodities and currency. These qualities attract to those who believe In future bitcoin. Crypto help those who have issues with hyperinflation..
The main reason for buying Bitcoin is that the price of Bitcoin fluctuates a lot. So buying Bitcoin can be very profitable. Bitcoin cryptocurrency is the most expensive currency in the world..
The reasons why so many persons invest in bitcoin is the depreciation, centralization and the appreciative aspect in bitcoin. This stages are very important to traders or exchangers. it’s a medium of efficient, crypto currency has been a life change in recent years, it has been a great value for storing assets, commodities and currency. These qualities attract to those who believe In future bitcoin. Crypto help those who have issues with hyperinflation..
Bitcoin in recent times have changed some persons mode of storing money, they buy Bitcoin with an amount of money they feel if placed in the hands of traditional banking it might create certain questions, so they avoid such by buy Bitcoin which is non traceable and uncontrollable due to it decentralized nature. The reasons why so many persons invest in bitcoin is the depreciation, centralization and the appreciative aspect in bitcoin. This stages are very important to traders or exchangers. it’s a medium of efficient, crypto currency has been a life change in recent years, it has been a great value for storing assets, commodities and currency. These qualities attract to those who believe In future bitcoin. Crypto help those who have issues with hyperinflation..
The main reason for buying Bitcoin is that the price of Bitcoin fluctuates a lot. So buying Bitcoin can be very profitable. Bitcoin cryptocurrency is the most expensive currency in the world.. 
The reasons why so many persons invest in bitcoin is the depreciation, centralization and the appreciative aspect in bitcoin.
Nobody will intentionally buy anything if they are certain it's depreciative only. Nah! Again, I can see that you've been tutored that Bitcoin isn't centralized. By the way OP, next time while expressing an opinion you aren't sure it holds a truth you may want to state it letting people know it's what you think; not making it look like it's a general belief. To the best of my perspicacity, people buy Bitcoin because they believe it's an asset that has an appreciative value and not for the primary purpose of payment it was created for. ~
It doesn't matter anyway. Bitcoin has been like this since and I don't mind about it regardless. I've been a strong holder when Bitcoin was like going down to 3k from 6k back in few years (could be 2017 or 2018 i can't accurately recall).The volatility could be either taken positively or negatively by some.
Bitcoin's 2017-2018 drop was a very sad drop in price, but on the other hand, those who bought at the bottom have really benefited. But at this time to reach back to the decline like in 2017 is still very far away. In cryptocurrency, anything can happen, but currently the lowest bitcoin price decline is still in the $17-$19k area, lower than you predicted. this could continue depending on how the market sentiment.
The reasons why so many persons invest in bitcoin is the depreciation, centralization and the appreciative aspect in bitcoin. This stages are very important to traders or exchangers. it’s a medium of efficient, crypto currency has been a life change in recent years, it has been a great value for storing assets, commodities and currency. These qualities attract to those who believe In future bitcoin. Crypto help those who have issues with hyperinflation..
You missed something, OP. Bitcoin is a decentralized currency in which its existence solely reflects in a public ledger being controlled by nobody. One of the few reasons on why the government avoids integrating BTC to their current financial model is due to its decentralized nature- meaning it cannot be controlled by them. While this may be the case, some countries limit the transacting of BTC by implementing rules and laws against it.
Cryptocurrencies have this certain aspect that will help them become relevant in the future. I do consider them as the future of transactions given the fact that the world is slowly shifting to digitalized payments. Though this kind of transaction may be the ideal form, its full integration would take maybe tens to hundreds of years to come.
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It doesn't matter anyway. Bitcoin has been like this since and I don't mind about it regardless. I've been a strong holder when Bitcoin was like going down to 3k from 6k back in few years (could be 2017 or 2018 i can't accurately recall).The volatility could be either taken positively or negatively by some.
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It doesn't matter anyway. Bitcoin has been like this since and I don't mind about it regardless. I've been a strong holder when Bitcoin was like going down to 3k from 6k back in few years (could be 2017 or 2018 i can't accurately recall).The volatility could be either taken positively or negatively by some.
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