Topic: That's why I really like bitcoin :) - page 5. (Read 1740 times)

Because they refer to a security that they think is stable then it must be linked to a bank but they don't dare to own bitcoin because there is still a sense of fear and panic due to price fluctuations but in fact this can reverse prices to be higher once we know the cycle happened before, I myself trust bitcoin more than others because it has its own control over everything.

Actually about talking about bitcoin, many friends have asked me this, but I always explain with my own principles, bitcoin is an asset that is controlled by itself without other parties we can store and sell whenever you want that's what I like compared to other assets .

But in my friend's view, there are those who believe in bitcoin assets and those who don't, but what is clear is that I enjoy investing in bitcoin with confidence in its optimism.

Bitcoin has had many ups and downs, and people are not looking to have bitcoin right now because it seems to them that it is an asset that will not rise in price, some people I talk to tell me that bitcoin is not safe because they are not supported by banks and the only government that supports them is that of El Salvador.

It is very difficult to make them understand that bitcoin does not need support because otherwise it would be controlled in its entirety, I explain to them that the most beautiful thing about this is that any person can have control of a part of the market, and it is by buying and selling, but only the who decide to invest will enjoy good profits.

Bitcoin is just a financial tool, helping us to improve our finances, making payments and keeping our assets safe. Bitcoin is not a court or a judge that can stop corruption in government or stop criminal activities. I think you are asking too much about the possibilities of bitcoin.
Corruption is human behavior and it can only be controlled if we have a good enough government apparatus to do it.
In some communist countries, the right to vote is not yet in the hands of the people, so they cannot prevent corruption either.

i really like bitcoin because the transactions are very safe, the system applied is also very good, the market is very stable, although lately the market is bearish but I'm sure the next few months will be better because I saw a lot of people starting Entering the crypto world is very fast and surely it will also affect bitcoin in the future and not only rich people can buy crypto(bitcoin) but everyone can buy it. and don't forget to learn the most important thing first because the name is also the market there is profit there is loss.

Of course its being loved by people because of the non-regulation and decentralization. I mean think about how much freedom this gives us. This is why I believe that the best thing to do is not to even care about the current situation and the bear market because no matter what happens we are going to end up with a lot of better results in the end due to this decentralization asset that we have. People will keep on seeing how much corruption and control politicians have, and they will keep on going into bitcoin a lot more.

Another best thing is, bitcoin stimulates so many young entrepreneurs to develop their own projects. In addition, bitcoin can be a flexible investment. You can get hold of it for a long period of time with a potential return that even exceeds any other physical investment. it's just that, among the many advantages, advantages, and benefits of bitcoin, there are still quite a lot of people who see and take advantage of this from the negative side. well, it's hard to stop, but this can be a lesson so that we can use things more wisely.

If you believe that the whole world is corrupt and all actions are futile, then you live in a pretty jaded world.

Of course, there is corruption in a lot of places, and some of that corruption seems to be right in the open in terms of which entities (and persons) are getting awarded government contracts - but there are still levels regarding the extent to which allocation of contracts is acceptable to be open or closed.. and there are levels to whether societies value purporting to have standards, practices and procedures and the rule of law.. or if it is just willy nilly.  The degree of corruption makes a huge fucking differences and if you believe that all kinds of corruptions are the same, then you are living in a world of futility.. or at least those kinds of ideas about whether the actions of any of us matter.

Getting back to bitcoin.  Sure, bitcoin cannot fix everything and cannot fix everything right away, but if you ponder over how various fiat systems are manipulated, bitcoin brings objectivity to several of those matters, and soundness to the money.. and having monetary soundness seems to be something that is lacking in a lot of ways.. .Sure some forms of money are more sound than other forums of money in terms of having foundations in production, yet there is no money that even comes close to the soundness of bitcoin, so in that regard, having sound money is quite likely to improve a lot of incentives all over the world, and bitcoin is already seeming to have that effect in terms of its inspiration of minds and then creation of sound incentives.

The more that the monetary values of people, institutions and governments gravitate into bitcoin, the more likely we are going to continue to witness incentives within bitcoin improving and also incentives of other competing systems improving.. just take money transmission systems into account.  

Some of the monetary transmission systems have had to try to improve their systems for sending money both in terms of their fees but also in terms of their timelines for transmitting money/value, so in that regard, bitcoin is likely already positively affecting some of these systems, even if credit is not given to bitcoin for the improvements. Likely similar improvements are happening in regards to gold and silver markets because they are trying to compete with bitcoin, but they are way inferior to bitcoin, so they are likely going to continue to lose market share to bitcoin for years and years and years (even decades) to come.  

Other systems that are currently storing value are going to lose value to bitcoin too because they are less efficient than bitcoin in terms of storing value.. sure some of the systems have utility value or even productivity and innovations, so those systems are likely going to continue to hold some of their value, but the monetary value is quite likely to flow to bitcoin and to continue to flow to bitcoin because bitcoin is way more of a pure system that is designed specifically to be the soundest of monies and it is ongoingly gaining traction in the direction of the soundest of monies because more and more people, institutions and governments are recognizing bitcoin as the soundest of monies and a unique asset class that had never previously existed.. so people are getting used to it, which is likely causing their behaviors to improve and to continue to improve, even if it is likely going to take several decades to play out and to figure out because there are going ot be ongoing battles and even uses of bitcoin for gambling and for the objectives of enemies, so the battle for value to gravitate into bitcoin is not going to play out in smooth kumbaya ways in the coming decades, even though it seems quite poised to win and quite poised to continue to inspire more sound behaviors that line up with having a sound money (bitcoin) that is in existence and continuing to gain influence in its existence (and adoption) to more and more segments of the world whether friends or enemies.


You may well be exaggerating the knowledge and awareness of people regarding bitcoin.  I would proclaim that an overwhelming majority of people have hardly any clue about what bitcoin is, even if they heard the word and even if some of them might have decided to dabble in bitcoin.  We are still in very early stages of adoption, even though there are surely some folks who have figured out that bitcoin is similar to gold, but actually better than gold (as you mentioned).. but the number of people who are actually both aware of bitcoin's investment thesis and who are employing meaningful and prudent investment strategies in order to attempt to coordinate their BTC investment allocation with such a sound money investment thesis is low as fuck.. it's so low that ONLY less than 1% of the world's population has invested in bitcoin, and maybe even many of us who have invested in bitcoin have not really sufficiently and/or adequately invested into bitcoin... and surely the bitcoin hoards like Michael Saylor and a few others do make up for some of the lack of passion (and action) of the overwhelming majority of the worlds population who do not even own 1 satoshi and have not taken action to start securing some satoshis just in case bitcoin catches on.

And, for sure there are no guarantees that bitcoin's price is going to continue to go up, even though bitcoin seems to be amongst the best (and probably the best) asymmetric bet to the upside that anyone could make in these times... and bitcoin is available to everyone and anyone with even very small amounts of money to invest on a regular basis.. even as low as $10 per week or lower amounts can be bought. which is surely not true for a large number of other assets/investments to be so available to anyone who merely has enough resources to figure out how to hold their private keys.. whether paper wallet or on lightning network or even some kind of an electronic device (and may not even need to be a smart phone, but could be a card or a chip).. and they can also hold their keys in their head (not recommended) and other ways of holding back up seeds.. still a lot of innovations and ways of interfacing with the network to be able to hold private keys (hopefully improving user-friendliness, but there still may well be some learning involved in the various ways to hold private keys - or to have them held by third-parties, second-parties.. or by uncle Jims)

True, Bitcoin is one of the profitable assets if held for a long time. But if we want profit in a short time, I think this is not the place. I mean it is worth the risk we will accept if we invest in a relatively short period of time. However bitcoin is one of the assets that must be in my portfolio.

There are very few people who don't like Bitcoin these days. Because when you invest, the amount of wealth increases, that wealth is saved and in original way you will understand that Bitcoin is a priceless asset. Although many of you have moved from gold trading to bitcoin investing and the benefits are doubling. Trust yourself when you engage in such activities continues to gain and it has become widely popular. Bitcoin is a well-known coin

Corruption is not even that much hidden to be fair. I mean if you think that it is hidden, then check the bribes that US politicians get, or check your own, I am sure that you will find it everywhere in the online news world, there are a lot of people talking about corruption going on in every nation of the world.

So bitcoin wouldn't really change that, like for example my own nation has a website that shows all the money spent on what, and government and cities are spending their money to friends anyway without worry, because they know that you either vote for them, or you vote for their opponents which you dislike, hence they know their fans will accept their corruption.

The decentralization of Bitcoin has also make it possible for Investor to safely invest in Bitcoin without losing exposure to their personal identity. I so much cherish the fact that I can comfortable carry my Bitcoin all around in present of my colleagues and friends without them knowing am holding some millions of money just on my phone.


Unlike the traditional and local fiat currencies and banks that rely rules and policy  Bitcoin is a blockchain-based decentralized digital currency powered by a network of users who verify and record transactions without relying on a central authority or intermediary. Bitcoin doesn't have any intermideries to snitch around people's transaction or having to know a particular person that owns an assest or not.

I think everyone likes BTC just because it is a miracle bubble (inflates in 2021, deflates in 2022)

You cant really blame out some people to have negative view about bitcoin considering about those false information or fuds around and since you dont have any idea or knowledge about bitcoin then it

would really be just normal that they would really be ending up with those kind of impressions but we know that each person does have their own mindset and impression towards things basing up on
some factors whether we could say that it was right or not.

Just let those people do able to realize on whats the truth which they would eventually find it out later on.

^ But sad to see that there are still people who have no faith in BTC, when there is a massive downtrend they always throw negative words on BTC that make panic selling on other weak hand holders. That is right, it is all associated with the price, when BTC becomes a bullish trend people keep appreciating BTC and talking about it, but if in a correction, people hate BTC. However, the best way is to know more about BTC an understand the technology behind on it so that you will know how important it is.

Bitcoin is still what it is before till now so we are all opportune to get in any any time we want to because it's the most valuable coin in the market and the price still determine the future price movement of other coins or tokens.
 Holding Bitcoin is like holsing gold which value cam appreciate any time from now so we don't have to be afraid on what we are investing on. The price is volatile which makes it risky to be considered as an investment. Investing in Bitcoin can bring fortune if the aim is to hold for a very long time.

Bitcoin need not to be carried everywhere?
Fiat have got to be the same, there is no need of carrying fiat. Just as crypto it is possible to tap/scan and pay.

Bitcoin as a bank of 24/7
This is true, bitcoin being decentralised it can be operated whenever we need. With banking it is possible with certain restrictions around.

Bitcoin created by software people to hack the financial system
There is no plan of hack, but to create a better system the people (individual/group) worked on it and succeeded in it.

Eliminating third party
This is the core for which Satoshi innovated bitcoin and the real usage is happening around. Another thing people are used to centralized platforms and the same makes them continue using centralized services for cryptocurrencies too.

Not everyone is ready to take risks in bitcoin investing especially if they are not well rounded investors. Consciously or not, I'm sure many inexperienced people are also trying their luck in bitcoin investment with the amount of money they have. They vary widely, but it's not uncommon for them to come out empty-handed.

You probably know that many investors or traders have gambled on the fluctuations in the price of bitcoin. They don't do any analysis but they seem brave enough to risk money on something they don't know. Yes, it might be good if they understand the basics of investing but I think it's still not enough.

Bitcoin is really becoming very popular now. Bitcoin is now touching every country and every person Once upon a time people didn't know what Bitcoin was but now almost everyone knows about Bitcoin.Bitcoin will become more and more popular and at some point this Bitcoin will be the most preferred medium of exchange all over the world.But that day may not be far away and we will soon see it.

I agree, technically bitcoin is the benchmark. It is impossible to enumerate all the possibilities that have become available with its popularity. Even considering that the cryptocurrency market is currently unstable, more and more companies are implementing bitcoin, this says a lot. This means that all the advantages of bitcoin cover all the disadvantages associated with its price today.