Bitcoin is a decentralized digital currency, it is not controlled or regulated by anyone and doesn't make use of a central bank.
Transactions are verified by a network system and recorded in a public ledger called the blockchain, this is why transactions take longer time to be carried out unlike the normal banking system. Bitcoin is quite vast and as a newbie you may not get all the informations about it under this post, so I'll advice you make your own personal research, also try to go through previous post.
Lastly and very important I'll like to say, don't be carried away by testimonies persons who are involved in blockchain give now, you never know what the went through until you're told...
And I say, it's important to know that the are day's of joy and day's of tears, only the brave and determined stay strong during the teary period
Topic: What are common arguments for Bitcoin? - page 4. (Read 655 times)
What should new investors know about Bitcoin?
All I have to say about bitcoin to a new investor or a friend who is interested in it is to always do your research before putting money in. Bitcoin is quite volatile, and the present market can be easily swayed by some fad manufactured by large corporations, so we need perform our own research so we don't make any mistakes. Bitcoin is currently on an uptrend, so anyone who has tried to enter it has already made a tremendous mistake because it is extremely close to the ATH and we don't know if it will breakout or bounceback, which is one of the instances I'll try to show them. 
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.And that very reason why a lot are attracted with bitcoin, the volatility that will give them high profits at a short period of time. But an investor or trader should know the simple rule of trading, buy low-sell high. As long as you are in positive profit, you're good. Even if it is not the profit that you want, just be grateful that you are in the positive side. Greed is the common human nature in play here, why a lot are being screwed.
The first thing new investors should know about bitcoin is that the price of bitcoin can go up or down very quickly, if you are a short term investor you should really pay attention to this. for new investors a sudden drop in prices can cause panic so a new investor must prepare their mental well.
From perspective someone that is new in cryptocurrency generation have to carry on an adequate research about cryptocurrency and more especially bitcoin, at first what the person should know is when to purchase a cryptocurrency and when to sell through the chart, because it very obvious that monitoring the movement of it determine it's gain.
The difference is that someone who did this when they are 50 years old and they got to 55 years old now and they are investing into crypto for the past 5 years will have to learn a lot more about it because when they first were born there wasn't even computer but we are having something like crypto right now. This is why there is a good chance that people are not doing something that is easy for them to understand.However, if you were 15 years old and then you are 20 years old now that means you are basically growing with crypto and for you that is just the normal way of the life goes and that is the biggest difference. New generation will not make that much research because they would grow with the crypto.
what usually happens is that beginners want to immediately double their money in the near future and a large amount. but many of them don't want to learn about crypto specifically and in the end they lose and regret it so they say bad things about bitcoin, even though they themselves don't understand
If beginners start to think like that then they will surely gonna lose their money in the process or worst being scammed. Some people think that Bitcoin is a way to get-rich-quick without thinking the possible consequences of how an easy money would turn out. There is no easy money in this world and if you encounter one you should probably think twice because they literally want something from you.Beginners should DYOR first to understand how things work in crypto investment it's not just in crypto but also in real life. We should be curious at first be wise in decision-making and never jump head first into something that you don't know. The more you have knowledge the better the result of your future decision.
My first reaction when asked is a smile. But during the explanation, I tend to always be careful with everything that will come out of my mouth.
Why? Just one mistake could lead to a large misinterpretation of what Bitcoin really is.
Also, I try to maximize the time of explaining it is not a kind of investment just like what others thought it is, "the quick rich" idea.
There is always a high risk with any high-profit investment and they should be ready with it.
When your clear on that, I am sure they won't just jump and buy it and instead they will try to learn more.
Even if you try this approach there are people that are not going to listen, they already know they want to invest and ask for your advice not because they actually want to hear it but just because they want to get some validation about what they are about to do, and if you do not support their choice they will simply think of you as someone that does not know anything about it even if you have many more years of experience and more knowledge about the markets than they will ever have. Why? Just one mistake could lead to a large misinterpretation of what Bitcoin really is.
Also, I try to maximize the time of explaining it is not a kind of investment just like what others thought it is, "the quick rich" idea.
There is always a high risk with any high-profit investment and they should be ready with it.
When your clear on that, I am sure they won't just jump and buy it and instead they will try to learn more.
what usually happens is that beginners want to immediately double their money in the near future and a large amount. but many of them don't want to learn about crypto specifically and in the end they lose and regret it so they say bad things about bitcoin, even though they themselves don't understand
It depends on the perspective of the investor because no argument that can make whosoever that wants to condemn cryptocurrency to be convinced, using government as a first illustration, if a politician who Dem it fit to castigates the existence of cryptocurrencies, their is no amount of reason that will be obtainable to him at first..
What should new investors know about Bitcoin?
From perspective someone that is new in cryptocurrency generation have to carry on an adequate research about cryptocurrency and more especially bitcoin, at first what the person should know is when to purchase a cryptocurrency and when to sell through the chart, because it very obvious that monitoring the movement of it determine it's gain. 
What should new investors know about Bitcoin?
A new investor needs to learn about the volatility of bitcoin prices because that will happen every day. Besides that, they need to learn to control themselves because when they see the price fluctuated, their emotion can become unstable, which can lead them to sell in a rush without thinking twice. The new investors need to determine how much money they will use to invest in bitcoin. Otherwise, they will spend so much money without trying to buy bitcoin in every dip. 
Bitcoin's value creates a strong place to invest through fluctuations its price is doubled for the price differential also no one has control here through bitcoin investing the investor becomes the owner of more assets by investing according to his own needs. Even if there is a risk here the currencies are held for a long time for high profit, it reaches the highest level it is very easy to make a profit from here but you need to know the strategies.
If indeed they already have a strong intention, they will certainly explore the character and risks of Bitcoin first, so that they know the pattern of price movements, and really know how to make a profit.
Bitcoin price fluctuations... I think this can attract investors, especially with the price already touching the highest price, this can certainly be a strong reason for investors to choose Bitcoin as a modern investment medium.
Bitcoin price fluctuations... I think this can attract investors, especially with the price already touching the highest price, this can certainly be a strong reason for investors to choose Bitcoin as a modern investment medium.
What should new investors know about Bitcoin?
#1 Inflation protected asset (The most accessible and easy to store inflation protected asset for poverty to middle class earners, in the world)
#2 Deflationary (Bitcoin's historical price chart could trend towards the opposite of inflationary assets a la fiat currency)
#3 Trust less design paradigm (Elimination of middle men and physical locations, gives it an intrinsic advantage over banks and traditional financial institutions in moving and storing wealth)
#4 Open Public Ledger (Its transparent design is intended to cut down on money laundering, crime, exploitation and abuse)
#5 Bitcoin Mining Funds Renewable Energy (Most bitcoin mining is powered by surplus hydroelectric or wind energy, which funds further expansion of energy sectors friendly to the environment)
#6 Caters to unbanked demographics (Billions of the unbanked worldwide who could not qualify for a bank account, use bitcoin to conduct transactions and store wealth)
There are many other arguments for BTC I tried to cover a few of the most obvious ones.
There are a whole bunch of different arguments of course, but one of my favorites is that "bitcion is not backed by anything, therefore it has no real value". Well the United States dollar, which is the worlds reserve currency, is also backed by absolutely NOTHING other than the "good faith of the United States government". Value is based off the majority of peoples perception of something, so yes, it does have real value.
I do understand your argument here on bitcoin but that US dollar or any other fiat currency is not backed by nothing is not debatable. Fiat is backed not only with people's acceptance but by these factors,
1. Legislation that makes it legal tender.
2. Regulation and control of it use. You can't use fiat just anyway you like by degrading the national identity.
3. It is placed on value whether the fiat is devalued or not.
4. Rejection of it use is a crime against the state.
These factors are general to fiat not only US dollar.
I guess that the biggest "pro" for bitcoin is that in the long term you are beating inflation and you are getting richer. Sure you could get rich very quickly in the crypto world but even if you do not, and even if you simply just hold bitcoin that usually means that you would be getting richer and faster than inflation as well. This way you will end up with something that would be making you wealthy by the time you retire.
The most common "negative" is the fact that since it is decentralized there is technically no possible way of knowing if it will be zero or not, technically speaking it could be zero, as long as we all start to sell suddenly, it will reach to zero one day, but the same logic means we could have it a million dollars as well which is why I do not worry about it. I would guess that anyone who wants to buy, will find a reason, anyone who wants to sell, will find a reason too.
The most common "negative" is the fact that since it is decentralized there is technically no possible way of knowing if it will be zero or not, technically speaking it could be zero, as long as we all start to sell suddenly, it will reach to zero one day, but the same logic means we could have it a million dollars as well which is why I do not worry about it. I would guess that anyone who wants to buy, will find a reason, anyone who wants to sell, will find a reason too.
There are a whole bunch of different arguments of course, but one of my favorites is that "bitcion is not backed by anything, therefore it has no real value". Well the United States dollar, which is the worlds reserve currency, is also backed by absolutely NOTHING other than the "good faith of the United States government". Value is based off the majority of peoples perception of something, so yes, it does have real value.
What should new investors know about Bitcoin?
Investors must know the risks, advantages, disadvantages, potential returns when dealing with bitcoin and the difference between a long term and short term investment. Aware of these points and through practice acquired sending, receiving transactions, an investor can engage himself in this ecosystem in a responsible way.Technical knowledge isn't needed at first point, as it comes with time if the investor has a natural tendency for that field of learnship.
I think it's important to make bitcoin usage and adoption easiest as possible, so even uneducated people can use crypto currency and also increase their life standards through the benefits they will have access to. A good argument for bitcoin would be: it's simple as dealing with fiat currencies.
As a new investor you have to know it that nothing stays up forever . You will understand that higher price today and lower price tomorrow maybe a longer time like 2018 to 2020 but don't lose your hope to dump take example of Ist quarter of 2020 to this 2021. Give sometime for your investment in bitcoin to grow higher.
What should new investors know about Bitcoin?
For new investors I do think it is really important, to understand the fact that, cryptocurrencies like bitcoins is not safe heavens, the Volatility makes it a lot harder to control when you are involved in day trading, therefore you don't just have to keep a track of the market but you have to understand that it takes a lot of experience as well.
For beginners, it's really a good idea to invest, hold and go onto the trading slowly! Plus another thing, one has to be confident!! Having confidence in your investment is a big thing. Most people panic sell, which makes it harder for them to hold investments in the future as well. One should not buy during a bullish/bearish run, sometimes that might end bad.
Keeping track of the market everyday and being active on the forum have always helped me a big way!! Plus if you do have any questions you should never be afraid to ask people who are involved with Bitcoins and cryptocurrencies since a long time, I remember my campaign manager helped me set up a good segWit wallet back in 2019 I think, helped me learn a lot as well. Ask if you are not sure of anything.
I think everything else you learn along the way.
what is certain here you have to know that investing here is not an instant thing and not necessarily when you are here in a short time you will become rich.
why something like this should be emphasized because basically beginners are usually too excited in bitcoin investment because they think it can make you rich instantly but the concept in the field is not like that and requires patience for it.
other than that maybe you have to have a lot of patience because this is a long-term investment and is not affected by anything because beginners usually panic too much when they are in a correction and decline
why something like this should be emphasized because basically beginners are usually too excited in bitcoin investment because they think it can make you rich instantly but the concept in the field is not like that and requires patience for it.
other than that maybe you have to have a lot of patience because this is a long-term investment and is not affected by anything because beginners usually panic too much when they are in a correction and decline
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