Topic: What are common arguments for Bitcoin? (Read 655 times)

Proven long-term investment worth.
Decentralized, different with bank system/
Everybody can be an investor in Bitcoin
We can invest in Bitcoin with however we have, not only must 1BTC.
It is affordable to invest for all people, not like investment in property or others.

This is always around Bitcoin, whatever the era, negative speeches or FUD will be always surrounding, no matter what happens. If Bitcoin is rising up, the FUD will be spreading, saying that Bitcoin is only hype. When the price is dropped, FUD is also spreading, saying that Bitcoin is scam, not worthy, harmful, criminal, and many otehrs.
Let it be. But what we can do isby letting peole know more that Bitcoin also has many advantages, not only hearing from one side with negativeness of Bitcoin, but we should also open our mind to accept the posistive things of Bitcoin

I am not saying that Risk is not that important, but I would say Risk is not the most important one. If you are getting into something in the crytpo world, with the volatility as it is, the risk is there and known anyway. The most important part is to be aware of scams because it is so easy to get scammed. Maybe that falls under the umbrella of risk?

If you would consider the "risk" of getting scammed as getting under that part, then I 100% agree with you, but I would say scamming is like its own big thing in crypto. If you do not get scammed, and if you legit invest your money into proper projects, like btc, eth, bnb and so forth, then it is really easy, just hold them for years and get richer.

They should know about everything. A wise investors always do enough research about their investment. Advantages and Disadvantages of bitcoin, risk and rewards factors, Nature of bull and bear market in crypto space, the reason behind every bull and bear cycle, halving etc. These are some most basic and must have knowledge as a bitcoin investors.

The first thing a new investor should know is Risk.
The development of Bitcoin that continues to increase makes new investors tempted by the profits that have been obtained by several other investors, but new investors must be aware of the risks before putting their money in Bitcoin. New investors should view Bitcoin as a high-risk asset, because the price of Bitcoin can rise or fall unexpectedly in a short time or what we often hear as price fluctuations.
The purpose of a person investing is only to double the money value of the effort put in. New investors should avoid the Fear of missing out (FOMO), Bitcoin investment can indeed provide benefits, however, if it is only based on FOMO of course the impact will not be good for investors. Every decision taken must be carefully considered, they also have to think about whether the decision was right or just going along with it.

Just to add, if you buy bitcoin and you are going to be here for a long time, better be ready with some hardware wallets to save your bitcoin stash. Don't use like exchanges wallet, go for a wallet that you can control or have the private keys. How many have we seen people losing their bitcoin because it's either they lack the knowledge to protect their assets to scammers and hackers? Many, so I guess this is very important if you are going to begin your Bitcoin journey.

Even though it wont be told but still people would able to know the truth no matter what even though they would be initially influenced out by those haters or false media but still the truth will

prevail because it would really be that evident specially if they do see adoption is already happening or way too obvious and thats  the time they would really be doing some in depth
research and would able to find the truth on what Bitcoin really is and its benefits and advantage compared on typical fiat.

A new bitcoin investor should know that bitcoin is freedom. You don't need banks, bitcoin breaks borders, learn how to store your bitcoin safely. Join bitcoin communities like bitcointalk, on Twitter too. Buy bitcoin with your local currency on the top ten global exchanges. Avoid scammers, ask that your payment be in bitcoin, if you have your own business and it is allowed in your country say: Bitcoin is accepted here. If I had the opportunity to tell a new investor who wants to invest in bitcoin, I would surely say that.

Yes, you are right, and not only is it the perfect way out for them, BTC also helps people who live in countries with failed economies, with levels of generalized and growing inflation, being deflationary, it is above many local economies and this is already something that helps particular economies that know and use BTC.

The utility of BTC not only helps that number of people who are in trouble, but if you manage to collect a good part, in the near future it can guarantee your own future and even that of the entire family, I think that in less than 5 years will be worth more than $100k.

Well doomloop you are correct that the longer bitcoin is around, the more people who become informed and educated about what bitcoin is and can identify various ways that bitcoin is being misrepresented, whether that misrepresentation is coming by accident or seemingly on purpose. 

So even if a person has not been in bitcoin for very long, the mere participation in bitcoin, can cause way more paying attention and identifying that a lot of the bitcoin naysayers and shitcoin pumpers don't know what the fuck they are talking about.  Of course, the longer that you have been into bitcoin, the more likely that you have studied it more hours, even 100s or 1,000s of hours, and even someone who does not have a lot of time studying bitcoin can recognize that there is quite a bit of bitcoin naysaying, shitcoin pumping and even obfuscation of what is the difference between bitcoin and shitcoins to recognize that there is some role in correcting the record or clarifying the thinking of the so many folks that are out there that sometimes will spout out their knowledge of bitcoin and anyone with even rudimentary understandings of bitcoin will likely recognize and appreciate that the spouting out is largely coming from a place of ignorance and lack of sufficient/adequate studying into what bitcoin actually is.

Negative speeches about bitcoin are indeed one of the common arguments for bitcoin because no matter how haters push their campaign and tell people that bitcoin is like this and like that, there are still bitcoin supporters that try to correct what they are saying. Now and then, we won't get tired to remind the public of what is true about bitcoin.

We cannot just let those haters win and take over bitcoin because we are also benefiting from it and we don't want to tarnish the reputation of bitcoin because that can hinder the ongoing adoption. Not sure if this is given already but another common argument for bitcoin is if bitcoin can replace banks or not. i often see this not only in the forum but even outside.

What makes Bitcoin even more attractive is because the price of Bitcoin can rise in a pandemic situation like now. Even Bitcoin's performance
when compared to other assets is indeed the best in a pandemic situation, Bitcoin can be a source of income for some people. Bitcoin has also
succeeded in helping many people's economy get better, I am one of those people whose economy changed after getting to know Bitcoin.
Although not all countries accept Bitcoin, there are even some countries that prohibit the use of Bitcoin. But that hasn't stopped Bitcoin from
continuing to rise in price, and its popularity is increasing every year. So for people who have not invested in Bitcoin, immediately learn Bitcoin
properly, in order to know the benefits that can be obtained from Bitcoin. Do not let us include people who misunderstand Bitcoin, then regret
in the future for not investing in Bitcoin immediately.

We are not talking about "crypto" in this thread..  We are talking about bitcoin.  Even the post you responded to does not even use the word "crypto" so not sure if you even understand what is bitcoin?  It is not very accurate or meaningful to try to make various clear points about bitcoin (if that is what you had intended to talk about?) if you had chosen to continuously use the word "crypto."  In that regard, you used the word "crypto" 3 times, but you did not even use the word bitcoin once.  Maybe you should just use the word bitcoin and figure out if you would have had said the same thing or not?

By the way, I have tended to find that if people (whether famous or not or whether posting in this forum or not) are not using the word bitcoin, and they are substituting the term "crypto" - maybe because they are afraid of the word bitcoin?  or they don't want to limit themselves, so they want to sound more sophisticated?  then they are tending to not be very precise in regards to what they are talking about and frequently it appears that they do not even sufficiently understand the difference.   If they did actually know the difference, then they would not be afraid to use the word bitcoin, or to be more specific about what they are saying, in the event that they were not wanting to talk specifically about bitcoin.

Otherwise, just vaguely throwing out the word "crypto" comes off as a lot of gobble-dee-gook, no?  

For a start, maybe you want to try with your post (response) again, 24Kt?  

Let me give you a hint:  Use the word bitcoin, and then the question might be about whether you are going to end up saying the same things or not?  

If you substitute bitcoin for your use of "crypto" and you end up saying the same things, then part of my question/concern would be why did you not just use bitcoin from the start and in the first place?    

On the other hand, if you use the word bitcoin, and you end up having to rephrase what you are saying to say something else, then perhaps it will have been a helpful exercise for you to have had recognized that your use of the word bitcoin ends up causing you to talk about the whole topic differently.    No?

On the other hand (am I running out of hands, yet?), if you do not know enough about what differentiates bitcoin from crypto, then you likely need to figure that out before throwing out such a ambiguous (and likely meaningless term like "crypto"... whatever the fuck that means?), especially if you are responding within a thread that specifies bitcoin.  

Sure, I understand that there are some people who would rather talk about "crypto" rather than talking about bitcoin, because for a variety of reasons they don't really believe in bitcoin.. they think that it is grandpa coin, or outdated, or does not innovate enough or some other nonsense, so in that regard, they choose to talk about some kind of amorphous and vague concept that they label as "crypto," and they see others making the same kind of reference, and I would argue that merely because there exist a lot of people throwing out there gobbledy-gook and vague language such as "crypto," such lack of discipline should not be tolerated.. whether the person happens to be famous or happens to be merely some member on a forum like this one, and I would suggest that those who are using such a vague term, such as "crypto" are not talking about bitcoin, and they are talking about some kind of vague and unclear topic, and if we are within a thread like this (where the word used was specifically about bitcoin), then anyone referring to "crypto" including you, 24Kt,  would be off-topic because of your use of such vague word that many of us likely do not even understand what you are talking about.. and even question if you know what you are talking about having had chosen that vague and ambiguous word instead of just using the word, "bitcoin."

Sad to say, that a lot of newcomers in crypto have this kind of mindset. That crypto market is a get-rich-quick scheme. And once they got on board, they realized that it is far from that expectation. If they are diligent enough, they won't give up but work on their way up to learn more about this market. And later on, they can reap their rewards. But for some, once they leave this market, they usually spread fud or other misleading ideas, wherein, other people will get a negative notion about crypto.

Investors should bear in mind that bitcoin is not a get rich scheme, they should invest with their spare money.
Bitcoin is a digital currency, it's volatile(market fluctuates). It can't be controlled by anyone or predicted what the future holds about it. Bitcoin is the best way to store your future assets(money) and expect dividends in the future than saving them in the bank. Money invested in bitcoin cannot be lost if your private keys are stored up in a safe place.

Just let them be and on the time that they had known on whats its actual value and relevance of its existence then they would be surely feeling off on regretting that they had missed out something

which could potentially able to make out some profits but its not really too late for them to engage though and we know that we cant please everyone and on the time that they had realized then there

are really long days which they had missed out to engage or missing out the action.Common arguments about bitcoin is there on which criticisms would be that common.

Most people believe that Bitcoin is a scam, while others believe that it is real. And some group of people don't believe the existence of Bitcoin.

The new investors should know the rudiments of the currency exchange rate. Mostly trading.

Bitcoin does not create debt

You are right, although sometimes in important newscasts like CNN they continue to give BTC as an asset of extreme danger, even some recognized economists do not recommend it, volatility does not give them, but still they show that BTC has risen and show it as possible bubble, just wait for the fall for them to have more favorable arguments for their ideas. The bad thing about this is that this newscast is seen by many Persians around the world, on CNN in Spanish too, the former Xavier never recommends BTC, in fact they always mix it with the NFTs that are Scam, the truth in that newscast they have a war towards the crypto world.

community ! new investors should to know the huge bitcoin community ,even from the side of the country to the other side of the earth
bitcoin does't move underground with a private system ,bitcoin is very transparent and all transactions are known so there is a high possibility for money laundering to be traced ! Don't be afraid to invest by looking at the slanted news outside because it's all fake ,higher the price it is the proof of satoshi intellectual digital product have many demand

Nowadays there is better understanding, because in the past only news of bitcoin associated with illegal, scam and fraudulent activities gets broadcasted. This gives a negative opinion about bitcoin among common people who aren't good into technology related investment activities. At present often we can see news associated with bitcoin, as more and more exchanges are promoting their services.

Over the past two years, people have a different view upon bitcoin. Now they find it a legit asset and has considered for trading purpose and as an investment.

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.

I guess we had another big discussion on why bitcoin is different from ponzi and all network marketing schemes. So, we must make use of what people discussion as their opinion are more effective way to defense people who are arguing against bitcoin. Overall, I guess we must spread awareness against all the rumors of bitcoin and for that we must make use of this forum discussion to enlighten people.

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.

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.

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.

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.

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.

And this is just another truth that newbies do not get out of the markets, in order for a profit to be made then the price needs to go up in your predicted direction, if the price does not move much and it is just ranging there is not a lot of chances to make huge profits, so newbies complain about the volatility of bitcoin but they only do so when they are on the losing side, when they are the ones earning money through it then everything is fine and they need to understand to accept the good with the bad and that there is a time in which the market will get back some of the profits they have accumulated and this is perfectly natural.

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.

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*

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.

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.

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 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.

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

All this is inherent in the very nature of bitcoin and that is why bitcoin is so popular among investors. Investors, of course, expect further growth of bitcoin, but no one will be surprised if there is a collapse before this, because a rich historical experience has already accumulated on this occasion. The most important thing that a new investor should know is to know about a much greater risk when investing compared to the traditional market with a much lower entry threshold. The rest all follows from the above. It is also strongly recommended not to invest the entire amount of investment in bitcoin, but to limit yourself to a part for understanding the situation and acquiring the necessary skills.

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.

I think volatility is a big factor that if newbies will invest in crypto, they might fear it knowing that it could make them gain huge profits if they are wise enough, or lose a huge amount of capital. But not knowing that volatility alone is what makes all investors in crypto particularly with bitcoin to last long in the market. Maybe volatility can be a barrier from government's adoption, but when it comes to crypto, volatility is the reason why new investors keep coming in the market.

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.

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.

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

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 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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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..

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.

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.

#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.

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.

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.

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.

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

Apart from general knowledge of how Bitcoin works and what makes it different from fiat currencies and stock, it's important to get familiarized with local legislation on cryptocurrencies not to get in trouble. Investors should also be extra careful, learning the difference between keeping coins on an exchange and in, say, Electrum wallet. They should also pay more attention to security in general, being aware of phishing websites that can look exactly like the original and only have some differences in the web address. Also, if you send your coins to a wrong address, you can't get them back in any way, so double-checking it is crucial.

Bitcoin is just like other investments and with its pros and cons and I would say you should be ready for a long-term investment if you ever think of holding Bitcoin. You should be aware of the volatile nature so that you will not give your self heart attack when there is any correction in the market.

It's simply a decentralized Global Network/System with a main Currency called Bitcoin, and is made of people spread across the world who value transparency, privacy, honesty to be able to transact and make decisions together.
The Network Currency is called Bitcoin, and the Network/System is called Bitcoin Network. Certain People simply refer to the Bitcoin Network/System and the Currency as Bitcoin


The Network is built to give participants/users control over their bitcoins/assets/data, take part in full network consensus, transact with any participant in any country in the world, protect users privacy, secure users data/assets etc

Counter-question. Who do you call a new investor? There are several types of investors. People with investment experience and people who decided to invest their money for the first time.
Experienced investors are also different. Some have good self-control and their investments can be called passive. Also, such people most often have a lot of capital, they know how to properly dispose of it. Even investing in bitcoin, these investors will not take risks without some knowledge. Naturally, when investing, there should be no superficial knowledge.
If we talk about ordinary people who want to increase their assets at the expense of bitcoin, the rule of information literacy applies here. Just like that, without knowing the little things, there is a high probability of collapse.
I think that asking about what to know about bitcoin in one small topic is too narrow. Since the more you know about him, the more confidently you trust him with your money.

What investors should know is that bitcoin is not a get-rich-quick scheme, rather the purpose of bitcoin is to prevent you from becoming poor slowly but surely over time due to the weaknesses of the current monetary and financial system.
Although many investors become rich because of bitcoin, it doesn't mean you will be like him, it's best to study and get to know bitcoin further before doing it and learn the risks that will come if it doesn't live up to expectations .
and besides that, not a few investors give up because they are losing money and there are also those who get profits beyond expectations and it all depends on who uses it, and don't just follow trends or follow along if you don't have insight and knowledge and a strong mentality.

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.

Probably the most important thing investors need to do is to acknowledge the current circumstances of the market, many of those that are coming to the market for the first time are still expecting for bitcoin to move as it did years ago and give them life-changing profits, and while it is obvious that bitcoin will still go up in value it is unrealistic to think that bitcoin will have the same performance it had back then, so as long as they understand this fact and accept they will not need to take huge risks then they will be fine, as they will not put themselves at risk to lose too much of their capital too quickly.

New investors should know that bitcoin isn't a get-rich-quick scheme like other videos, write-ups, and articles are portraying. It is extremely volatile and may even lead to loss of capital if investors did not do their own research about the matter. It is also crucial for investors to know the situation of cryptocurrencies in their countries before deciding to invest and shelling out some money, as there are countries wherein the use, purchase, and trading of bitcoin is frowned upon and can sometimes lead to imprisonment.

Volatility. The new investors might be encouraged by early investors and think that it's an easy investment that they've just held for a long time and made a profit. They should understand and no need for any argument about it since it's the main description of bitcoin.
And as they invest to bitcoin, it's not an overnight success for everyone that they're going to be rich. It is what we say to those new investors that are very optimistic about it because they might think about a quick run of success having it.

Autonomy. This Ideally means that new investors should do their own research and decide what qualities in Bitcoin makes them want to invest in it. There are quite a number or arguments supporting Bitcoin, with counter arguments against it, so it's up to an investor to decide.

Depending on your country,nyou could be required to include Bitcoin in your tax declaration and pay tax on profits.
Government interference would depend on your usage of Bitcoin, if you store it on a regulated platform, the gov't can easily interfer with it.

Freedom in owning financial assets, no government interference, no need to think about taxes for your Bitcoin holdings, high volatility for higher profits and of course a long future for profits. Regardless of the risk you describe yourself as listed. Because all have risks based on the profits that can be obtained. But investing in Bitcoin has a difference that is far more profitable than investing in stocks.

What should new investors know about Bitcoin?