What are common arguments for Bitcoin? - page 3.

Kasabus

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Quote from: tbterryboy on October 21, 2021, 02:30:12 PM

Quote from: MNbag on October 13, 2021, 04:15:27 PM

What should new investors know about Bitcoin?

All the basic characteristics of bitcoin like how bitcoin is different from our traditional currencies and how bitcoin is an alternate to gold. When people start paying attention about bitcoin then definitely they will come forward to adopt it because this is how I got into bitcoin some years back. The only problem for new investors is they never know anything about bitcoin which is the reason they are not yet adopting it; once become knowing about bitcoin then they will start investing by realizing its real potential.

I admit even myself, i don't see any sense investing in bitcoin because its not being seen physically, and its always involved in scams concerning crypto. But when i realized the value of bitcoin because of its high potentials and how it become so profitable to any investor's life, then i start taking the risk. Not totally with adoption because its not yet adopted as a currency in my country.

However, until now, the heresay that most newbies believed that bitcoin is a rich quick scheme, is still not gone, not unless he realizes that bitcoin is not as easy as that. Bitcoin has more risks compared to any other investments, so its not surprising that its profits are definitely huge too compared to others.

The Cryptovator

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The answer will be pretty same as like others. First of all, investors should know that Bitcoin is not something like a quick rice scheme, and the second thing is investors should well aware of Bitcoin Technology. It is quite important to know how Bitcoin works. I believe most of the big investors are well aware of Bitcoin Technology, but the real concern about small and investors like us those are a newbie. They really don't know about Bitcoin technology and how it works and just jump into Bitcoin to make a quick profit. But sometimes it leads to regret.

tbterryboy

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Quote from: MNbag on October 13, 2021, 04:15:27 PM

What should new investors know about Bitcoin?

All the basic characteristics of bitcoin like how bitcoin is different from our traditional currencies and how bitcoin is an alternate to gold. When people start paying attention about bitcoin then definitely they will come forward to adopt it because this is how I got into bitcoin some years back. The only problem for new investors is they never know anything about bitcoin which is the reason they are not yet adopting it; once become knowing about bitcoin then they will start investing by realizing its real potential.

perfect999

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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.

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Quote from: Fatunad on October 20, 2021, 07:53:25 PM

Quote from: MNbag on October 13, 2021, 04:15:27 PM

What should new investors know about Bitcoin?

Wont really be that a hard thing if you do just do your job on making some research then knowing even with the basics would really be enough.
Common arguments?
1. Volatility
2. Regulation
3. Fuds and Fomo
4. Scams and frauds
5. Adoption

These are issues which you should really be aware of on the time you do make out
crypto investments.

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

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.

Fatunad

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Quote from: MNbag on October 13, 2021, 04:15:27 PM

What should new investors know about Bitcoin?

Wont really be that a hard thing if you do just do your job on making some research then knowing even with the basics would really be enough.
Common arguments?
1. Volatility
2. Regulation
3. Fuds and Fomo
4. Scams and frauds
5. Adoption

These are issues which you should really be aware of on the time you do make out
crypto investments.

Rengga Jati

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Well, here are from me:
1. Bitcoin will not make you richer overnight like other people that you are thinking about, they are struggling every day and every night exactly.
2. Bitcoin is very volatile and risky, so be careful, smart, and wise
3. Learn at first about the positive and negative sides of cryptocurrencies, especially Bitcoin before investing because knowledge is very important
4. DOn't only invest based on hype or following other people, you must do it because you already understand and are ready for it.
5. Never trust anyone, keep and save your private key and other important data
6. Never trust everyone who said that they will multiply your money in Bitcoin in a short time and make you rich soon, that is exactly scammer
7. Don't try to trade both in the Spot market and Future market before you are ready enough for this.

There are some others and other members are also explaiing.

Quidat

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Quote from: paxmao on October 20, 2021, 09:05:53 AM

Quote from: Silberman on October 19, 2021, 07:06:15 PM

Quote from: Vaculin on October 18, 2021, 01:41:35 PM

Will this makes me rich?

That's what the newbies think of bitcoin especially those who do not have enough knowledge on it.
Ponzi schemes do exist and they are using the popularity of bitcoin by offering investments with good offers and when the investors heard of bitcoin, they are usually misleading on what bitcoin is, so they'll invest and think bitcoin is a guaranteed profit while in reality, they invest on the Ponzi scheme itself.

I think what's needed is for people to learn the basics of crypto, understanding it will reduce the risk.

What happens is that newbies have false expectations about what they can get out of this market, and when people like us tell them they are mistaken they do not want to listen as how else will they become rich with their small capital? So they keep looking until someone offers them what they want to hear, unfortunately the only ones that can do that are scammers and despite our warnings they decide to go ahead and invest anyway, then when they are scammed they blame bitcoin when it was their own ignorance and their inability to listen which were the main reasons for their tragedy.

It takes a while to understand things, and the problem of not understanding is that you would not have confidence in what you are doing and the first downturn will simply kill you unrealistic expectations of a gold paved road that is always higher and higher and led you to sell. The problem with many newbies is that they are also so in life and in investing and just do not understand patience in investing.

You wouldnt really make yourself improved in terms of financial aspect if you arent really that sensible towards your actions and if you do really make yourself stayed up blind then you
wont really be having the opportunity to learn up something on your way.You wouldnt progress if you dont do your part in terms of researching and analyzing things up.
There are people who are really just too lazy on learning something new and just decide to stay up on where you are right now and doesnt tend to improve up.

paxmao

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Quote from: Silberman on October 19, 2021, 07:06:15 PM

Quote from: Vaculin on October 18, 2021, 01:41:35 PM

Will this makes me rich?

That's what the newbies think of bitcoin especially those who do not have enough knowledge on it.
Ponzi schemes do exist and they are using the popularity of bitcoin by offering investments with good offers and when the investors heard of bitcoin, they are usually misleading on what bitcoin is, so they'll invest and think bitcoin is a guaranteed profit while in reality, they invest on the Ponzi scheme itself.

I think what's needed is for people to learn the basics of crypto, understanding it will reduce the risk.

What happens is that newbies have false expectations about what they can get out of this market, and when people like us tell them they are mistaken they do not want to listen as how else will they become rich with their small capital? So they keep looking until someone offers them what they want to hear, unfortunately the only ones that can do that are scammers and despite our warnings they decide to go ahead and invest anyway, then when they are scammed they blame bitcoin when it was their own ignorance and their inability to listen which were the main reasons for their tragedy.

It takes a while to understand things, and the problem of not understanding is that you would not have confidence in what you are doing and the first downturn will simply kill you unrealistic expectations of a gold paved road that is always higher and higher and led you to sell. The problem with many newbies is that they are also so in life and in investing and just do not understand patience in investing.

suryana

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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.

witcher_sense

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Quote from: albon on October 19, 2021, 06:55:06 PM

New investors should know that Bitcoin is affected by supply and demand, and although investing in Bitcoin is very profitable, it involves risks and this is due to sharp and sudden movements in Bitcoin prices, so you have to invest an additional amount away from your capital because in a jiffy you may lose your money, They must know that investing in Bitcoin doesn't achieve quick and easy profit within days or months.

In my opinion, the price of bitcoin is mostly affected by the fluctuations in demand rather than changes in the supply it. Bitcoin's supply remains relatively stable for three reasons. First of all, its total supply is fixed and cannot be changed, which means no government or central bank can inflate it and reduce its purchasing power. Secondly, its production is algorithmically determined, the changes in demand will not influence the speed of minting coins. Thirdly, given the fact that bitcoin price is only appreciating, that disincentivizes current holders of bitcoin to sell their hoardings. The combination of these factors makes bitcoin a desirable investment, however, bitcoin is rather a savings technology than an investment. New investors should know that holding bitcoin is a more profitable strategy than the strategy of selling for the sake of short-term profits, because every time you sell your bitcoin, you, in effect, exchange superior money that gains value back to inferior that gradually loses value.

Silberman

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Quote from: Vaculin on October 18, 2021, 01:41:35 PM

Will this makes me rich?

That's what the newbies think of bitcoin especially those who do not have enough knowledge on it.
Ponzi schemes do exist and they are using the popularity of bitcoin by offering investments with good offers and when the investors heard of bitcoin, they are usually misleading on what bitcoin is, so they'll invest and think bitcoin is a guaranteed profit while in reality, they invest on the Ponzi scheme itself.

I think what's needed is for people to learn the basics of crypto, understanding it will reduce the risk.

What happens is that newbies have false expectations about what they can get out of this market, and when people like us tell them they are mistaken they do not want to listen as how else will they become rich with their small capital? So they keep looking until someone offers them what they want to hear, unfortunately the only ones that can do that are scammers and despite our warnings they decide to go ahead and invest anyway, then when they are scammed they blame bitcoin when it was their own ignorance and their inability to listen which were the main reasons for their tragedy.

albon

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Quote from: MNbag on October 13, 2021, 04:15:27 PM

What should new investors know about Bitcoin?

New investors should know that Bitcoin is affected by supply and demand, and although investing in Bitcoin is very profitable, it involves risks and this is due to sharp and sudden movements in Bitcoin prices, so you have to invest an additional amount away from your capital because in a jiffy you may lose your money, They must know that investing in Bitcoin doesn't achieve quick and easy profit within days or months.

2double0

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At first, show them the charts since 2012-2013.
Describe how btc had been declared dead hundreds of times by the community and still survived.
Show them the historical moves btc made. Show them the crash, then the revival, and then history repeating itself.
Tell them how a coin which was said to be a ponzi scam, has now become the favorite investment of all hearts. Show them institutional people's old comments where they said they don't believe in btc and then, show them their modern comments about btc where they are praising it and buying it too.

TheGreatPython

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Quote from: MNbag on October 13, 2021, 04:15:27 PM

What should new investors know about Bitcoin?

All new investors are always looking for a safer investment opportunity and when you are clearly explaining about the protection of investment with bitcoin ecosystem then probably they will get convinced up to 50%. The remaining parts are how we are going to explain about the returns because bitcoin market is not always into bullish mode but we are having long bearish mode than bullish periods. Those longer bearish mode must be the problem for most of new investors. And if you are able to convince against this then we can easily get them on board.

Vaculin

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Will this makes me rich?

That's what the newbies think of bitcoin especially those who do not have enough knowledge on it.
Ponzi schemes do exist and they are using the popularity of bitcoin by offering investments with good offers and when the investors heard of bitcoin, they are usually misleading on what bitcoin is, so they'll invest and think bitcoin is a guaranteed profit while in reality, they invest on the Ponzi scheme itself.

I think what's needed is for people to learn the basics of crypto, understanding it will reduce the risk.

alpamar99

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One thing to note, especially for beginners, is that you should never think that bitcoin is a tool to make you rich instantly.
getting rich with bitcoin may be very high probability, but Instant I don't think this is justified because here it's not an instant thing and can't be done in a day or a week and it takes more than that.
Besides that, volatility and risk must also be considered and as much as possible before actually doing anything, be it investing or trading first, to learn the basics first.

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Quote from: MNbag on October 13, 2021, 04:15:27 PM

What should new investors know about Bitcoin?

As an investor must know the risks, potential returns when trading with bitcoin and the difference between long and short term investments. Be aware of these points and through the rise or fall in the price of BTC over the years but you must know that nothing lasts forever. You will understand that today the price is higher than tomorrow the price is lower when starting long-term investment, we need to wait patiently for the price to go up, need to have faith and believe in what we have. and invest in it because this will help you never have to worry and be afraid to sell those coins cheap.

Fortify

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Quote from: MNbag on October 13, 2021, 04:15:27 PM

What should new investors know about Bitcoin?

There's quite a few good cases for Bitcoin. The most obvious is the whole decentralized nature of this currency - it can seamlessly cross borders without paying exchange fees and nowadays can be converted back into any other fiat currency quite readily. The fees have certainly come down since the early days, mainly thanks to some tweaks to the code (e.g. Segwit) that certain branches of the blockchain now support. The ability for it to exist on a personal device, outside of the banking system, makes it a truly cash-like equivalent which was never really possible. It offers a degree of anonymity and is as easily accessible to governments who might try to seize assets from the existing payment networks.

xSkylarx

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Quote from: MNbag on October 13, 2021, 04:15:27 PM

What should new investors know about Bitcoin?

The should know first about the volatility of cryptocurrency, some people just enter something new just because they know that some people are earning on this as well, so they just do the same thing without even knowing all about it, so if we have a friend who has asked us about investing in cryptocurrency, we should tell them about volatility which is really different from investing in stocks.

Well, I believe most investors are aware of it since, unlike in the past, they are not conducting research and instead diving right in and investing. Well, the volatile market is excellent for traders since it is when the market moves and we can place our trades, but the downside is that you could lose a lot of money as a result of it. Similar to forex, the ideal time to trade (depending on the strategy) is london time.

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