Topic: What are common arguments for Bitcoin? - page 2. (Read 646 times)
Proper mindset when it comes to Bitcoin investment. Most investors see it as a shortcut to success which is actually a wrong mindset. They should know the risks of it and the possible things that could happen due to its volatility. If they would be ready for the possibilities then they wouldn't expect too much out of it.
The reason why this is uncommon is that people never think that something bad is going to happen to them, they know the statistics but for some reason they believe they are immune to something like that and by the time the realize this it is too late to do anything about it, new investors must know that there are scams in this market but they believe they are too smart for that to happen to them, not understanding that is precisely the attitude scammers want them to have as they are easier to scam that way.
This is the most common impression to those people who doesn't know about bitcoin and being afraid for getting scam is one of their question since they always tied this with so many mlm as this is used for several scams happened on history. That's why its not good sometimes to push this especially to those people who doesn't have interest about it and best only to teach them if they want or get an interest since maybe from that state they are ready to listen about the opportunities about bitcoin or crypto.When are are able to convince at least 20% of world population then rest of people will easily adapt bitcoin without big hesitations. In rough estimate only less than 5% of world population are using bitcoin so far hence we have very long road ahead of us.
What should new investors know about Bitcoin?
A common argument, bitcoin is a scam.
For most people that I encounter, that's the common question because what they know is when it says bitcoin, you will invest something like a ponzi scheme and it will grow. On that matter, I'd rather just keep quiet and let them think what they want because their door is closed for any information.
What should new investors know about bitcoin? The risks involved with it. It's better to understand the risk instead of getting profits.
This is the most common impression to those people who doesn't know about bitcoin and being afraid for getting scam is one of their question since they always tied this with so many mlm as this is used for several scams happened on history. That's why its not good sometimes to push this especially to those people who doesn't have interest about it and best only to teach them if they want or get an interest since maybe from that state they are ready to listen about the opportunities about bitcoin or crypto.
What should new investors know about Bitcoin?
A common argument, bitcoin is a scam.
For most people that I encounter, that's the common question because what they know is when it says bitcoin, you will invest something like a ponzi scheme and it will grow. On that matter, I'd rather just keep quiet and let them think what they want because their door is closed for any information.
What should new investors know about bitcoin? The risks involved with it. It's better to understand the risk instead of getting profits.
Yes, you are right, where I also live, the first thing they tell me is that this is a scam and that it is a pyramid scheme, the truth is that the people who have told me these statements do not have any kind of financial education, it does not make sense sometimes to argue with them because they simply stick to what they see on TV or what some newscasts instill in them, I also had the opportunity to speak with an owner of a textile company where he told me that BTC was practically that, a scam, that if I told him why based on the characteristics of a pyramid scheme, based on history and I made a brief comparison with tulips, and I told him, FIAT money is much more bubble right now than BTC, and a possible recession It has been delayed because there is the fudamental of covid-19, of course when talking about the history, how it is even in the form of a bubuja chart and scam, he did not give me another argument to continue saying that it was a scam.
What should new investors know about Bitcoin?
A common argument, bitcoin is a scam.
For most people that I encounter, that's the common question because what they know is when it says bitcoin, you will invest something like a ponzi scheme and it will grow. On that matter, I'd rather just keep quiet and let them think what they want because their door is closed for any information.
What should new investors know about bitcoin? The risks involved with it. It's better to understand the risk instead of getting profits.
What should new investors know about Bitcoin?
A common argument, bitcoin is a scam.
For most people that I encounter, that's the common question because what they know is when it says bitcoin, you will invest something like a ponzi scheme and it will grow. On that matter, I'd rather just keep quiet and let them think what they want because their door is closed for any information.
What should new investors know about bitcoin? The risks involved with it. It's better to understand the risk instead of getting profits.
Of course, every investor who comes with the goal is profit, so they must also know the risks and rewards associated with volatility. after they know of course they will learn like what you have mentioned above, so they don't slip into gambling, which will only lead to disappointment in the end
Funny how the same volatility is the reason why a lot of you are making profit from the market. You do know that if there was no volatility and the market was as stable as the fiat currency, it wouldn’t draw much attention as it did and most people that got rich through this wouldn’t be that rich by now.In the case of volatility, if you can learn to have patience, and also invest what you can be able to hold for a long term (unless you’re a day trader), then volatility wouldn’t be that much of a problem, because we know that cryptocurrency, especially bitcoin, is profitable on a long term.
There are so many things that a new investor must know about bitcoin. Before diving into something, you must do your very own part to research about what you are trying to enter. You must know the basics and fundamentals about it. The do's and don'ts, the advantages and its disadvantages, and of course the possible risk it has.
In bitcoin, you must know its nature first. It should be clear enough to you that bitcoin is a speculative asset, volatile, decentralized, and can act as either medium of exchange or store of value and possibly both if the status of it in your country is legal. You should know the risk bitcoin possesses. You should only invest what you can afford to lose. And you must also be aware of what you can do about your bitcoin - the reason why you enter the community. Are you here for the short term or long term? By knowing your purpose of joining and investing, everything else will follow. Of course, it should be with proper knowledge as well.
Or, and here me out because it is a very crazy sounding thing, you could simply buy and hold? I love doing research, I love buying new things, I love risking my money and because of that I have to study stuff a lot. In bitcoin, you must know its nature first. It should be clear enough to you that bitcoin is a speculative asset, volatile, decentralized, and can act as either medium of exchange or store of value and possibly both if the status of it in your country is legal. You should know the risk bitcoin possesses. You should only invest what you can afford to lose. And you must also be aware of what you can do about your bitcoin - the reason why you enter the community. Are you here for the short term or long term? By knowing your purpose of joining and investing, everything else will follow. Of course, it should be with proper knowledge as well.
However, not everyone has to do that you know that right? Like for example save up 100 bucks from your salary (depending on where you live, this could be higher or lower) and buy bitcoin with it every month when you get your salary, or weekly, however frequently you get your salary put a bit aside and put it into bitcoin itself. That is literally all you have to do, do this for 30 years and you will retire a wealthy person, you will literally be richer than any other method you could use.
It is THAT simple to get richer in crypto world, but people end up buying and selling and doing high leverage like 150x or whatever and losing it all. If you want to be like that, then you can risk and learn how to do that, but there is definitely an easier way.
If it is about the new investor, they may only think about getting more money and profits from Bitcoin and Being richer quickly.
This is what sometimes makes it dangerous for a new investor, with very high expectations without thinking about the risks of Bitcoin investment itself.
I mean that e know that Bitcoin is a very worthy investment, for short or even long term period.
but sometimes, new investors or people who just entered the crypto world only want to make more money in Bitcoin in a short time and get rich.
this is actually should note by the newbies in crypto.
The mindset
The mindset of being richer very quickly because of Bitcoin,
They must know what is Bitcoin, the world, the knowledge, and the volatility, the risks, and the advantages.
Not only seeing on one single thing *profit money only quickly*
This is what sometimes makes it dangerous for a new investor, with very high expectations without thinking about the risks of Bitcoin investment itself.
I mean that e know that Bitcoin is a very worthy investment, for short or even long term period.
but sometimes, new investors or people who just entered the crypto world only want to make more money in Bitcoin in a short time and get rich.
this is actually should note by the newbies in crypto.
The mindset
The mindset of being richer very quickly because of Bitcoin,
They must know what is Bitcoin, the world, the knowledge, and the volatility, the risks, and the advantages.
Not only seeing on one single thing *profit money only quickly*
for myself when explaining bitcoin to my friends who are just starting out or even new to bitcoin. I always say this is an unlimited investment and high risk . You can profit so much and you can also lose. However, losses will still be manageable if you know how to manage them. What is clear is that what you invest is something you must be prepared to lose. Don't invest beyond your ability so that when you fail you can still grow.
I have many friends who always ask me about BTC, that when it is better to buy than if they buy and then the price falls, the truth is I tell them what I know, that it is an asset that can rise in price quickly or fall, that there is an ingredient called volatility that you must know how to carry to operate and not lose. That if they enter with the mentaliadd of becoming a millionaire from one day to the next then they will fail, that this takes time, I also tell them to search YouTube, in this forum and read, to learn and have their own arguments, which I recommend as one Long-term action, it is a safe investment but it did not manage times of profit. That is the way I speak to them, some have got in, others have not, they are scared.
What should new investors know about Bitcoin?
There are so many things that a new investor must know about bitcoin. Before diving into something, you must do your very own part to research about what you are trying to enter. You must know the basics and fundamentals about it. The do's and don'ts, the advantages and its disadvantages, and of course the possible risk it has.
In bitcoin, you must know its nature first. It should be clear enough to you that bitcoin is a speculative asset, volatile, decentralized, and can act as either medium of exchange or store of value and possibly both if the status of it in your country is legal. You should know the risk bitcoin possesses. You should only invest what you can afford to lose. And you must also be aware of what you can do about your bitcoin - the reason why you enter the community. Are you here for the short term or long term? By knowing your purpose of joining and investing, everything else will follow. Of course, it should be with proper knowledge as well.
What should new investors know about Bitcoin?
New investors should know that BTC is just limited to 21Million coins and the population of the world is about 8Billion. Even if you have just 0.06BTC, you are still fortunate enough to own some of it, the rest may not even a single satoshi.
It's a common argument to new investors as to how do we know we only have 21M BTC. It's written in the code which there could be nothing added to it even after we have mined it all.
What should new investors know about Bitcoin?
What investors should know is that Bitcoin is not a get-rich quick scheme, rather the purpose of this is to help you to have an income and sustain your daily needs. Although there are lots of investors became rich because of Bitcoin but it doesn't mean your like them, you need a lot of knowledge and be updated because it's best to study and know bitcoin further before becoming like them and especially you need to expect a lot of risks in it and learn through it. Most who don't like and oppose bitcoin are afraid of being used for illegal transactions such as drugs, buying weapons and money laundering crimes, of course this is an argument that we often hear from bitcoin negative campaigns that have banned bitcoin in many countries.
what forbids it is the government, and I think besides all that, bitcoin is decentralized, so it can't be controlled by the center, so they haven't been able to legalize it, but also don't prohibit the development of this era, and observe its development What should new investors know about Bitcoin?
BTC is a non-holdable digital currency that is risky, extremely volatile, and can even lead to capital loss if investors are not looking for information. It is important for investors to know the situation of cryptocurrencies in their country before deciding to invest and withdraw some money. But many of those who are entering the market for the first time are still expect bitcoin to grow like previous years and give them a life change. profits, and while it is clear that bitcoin will still increase in value, we cannot determine what BTC will one day look like.
Most who don't like and oppose bitcoin are afraid of being used for illegal transactions such as drugs, buying weapons and money laundering crimes, of course this is an argument that we often hear from bitcoin negative campaigns that have banned bitcoin in many countries.
Of course, every investor who comes with the goal is profit, so they must also know the risks and rewards associated with volatility. after they know of course they will learn like what you have mentioned above, so they don't slip into gambling, which will only lead to disappointment in the end
Funny how the same volatility is the reason why a lot of you are making profit from the market. You do know that if there was no volatility and the market was as stable as the fiat currency, it wouldn’t draw much attention as it did and most people that got rich through this wouldn’t be that rich by now.In the case of volatility, if you can learn to have patience, and also invest what you can be able to hold for a long term (unless you’re a day trader), then volatility wouldn’t be that much of a problem, because we know that cryptocurrency, especially bitcoin, is profitable on a long term.
What should new investors know about Bitcoin?
BTC is a non-holdable digital currency that is risky, extremely volatile, and can even lead to capital loss if investors are not looking for information. It is important for investors to know the situation of cryptocurrencies in their country before deciding to invest and withdraw some money. But many of those who are entering the market for the first time are still expect bitcoin to grow like previous years and give them a life change. profits, and while it is clear that bitcoin will still increase in value, we cannot determine what BTC will one day look like. 
If you're a newbie in this crypto market, you will probably think that bitcoin offers huge profits and can make you instantly rich. But bitcoin is not as easy as that. There are risks that you have to deal and manage it wisely. Because if you are just here for profits alone, you will not last long in this market. You have to know first bitcoin well and learn to value it so you will attract good profits in return.
Bitcoin is not just profits alone. Somehow, we should also learn to utilize it so that its adoption will also increase and could lead to a more massive adoption in the future.
Unfortunately there are too many newbies that think that they could get rich overnight and that's not going to end anytime soon, we are going to face stuff like that for a long time, I believe that we should not be seeing it like that, and I have been seeing crypto as a retirement plan. Stock market doesn't make you rich overnight neither, and people still invest trillions of dollars into it, and they are making money overall in the long run. I think if you invest into good crypto currencies (not horrible BSV type of stuff) then you could literally make a wealth from it by the time you retire, unless you are 60 years old right now already.Bitcoin is not just profits alone. Somehow, we should also learn to utilize it so that its adoption will also increase and could lead to a more massive adoption in the future.
I have to say that we are in a situation where we are basically having something like 20-30 years to retire and that would be enough for me to make a good return and become wealthy and then I would be able to retire at age 60 and be rich enough to not work after that age.
For a start a new investor should understand what they are about to embark on why they should embark on it and the risk involved. To help explain this better I will start by highlighting that Bitcoin came to tackle the issue of trust between members of a given network with the aim to improve on the traditional monetary forms. And that it exist on a p2p decentralized system which provides a digital ledger that is immutable and devoid of central regularization. But it's only limitations is that it's a very volatile and unstable crypto currency which can serve both as a currency or an asset
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