Topic: What Inspired Me To Invest In Bitcoin. - page 5. (Read 900 times)
The only fact that inspired me to invest my funds in bitcoin is that you manage your own funds yourself, there are no intermediaries. You can do anything with these funds, because you are financially free.
1. Bitcoin is an asset: Bitcoin is an asset because it can grow from the point of purchase, especially when taken advantage of markets that are falling in orife or have fallen in price to purchase as well as rise in price to sell. With Bitcoin, you can start small and grow big.
It cannot be denied that Bitcoin is increasingly sought after by individual investors and several companies are starting to consider Bitcoin as the most profitable asset for the future. Investors will take advantage of the market movement when it is collapsing to get Bitcoin at a cheap price. This strategy is still adopted by most investors to welcome the arrival of the Bull and then sell it at a high price. Their confidence in Bitcoin has been tested since they first learned about Bitcoin, their courage grew even more when Bitcoin's movement some time ago reached a new ATH.
I am sure majority investors invested in Bitcoins because they saw potential in the coin. They know that Bitcoins are fixed in numbers/supply. Hence it is rare coin. Now we have often witnessed from past that, the asset which is limited in number becomes more valuable when more people try to acquire it. Similar things will also happen with the Bitcoins. Hence the people choose to invest in Bitcoins. The thing that inspired them was money.
1. Bitcoin is an asset: Bitcoin is an asset because it can grow from the point of purchase, especially when taken advantage of markets that are falling in orife or have fallen in price to purchase as well as rise in price to sell. With Bitcoin, you can start small and grow big.
Another reason why bitcoin is good as an asset is because of it reliability to overcome serious dip in the market, before now bitcoin went down so dip that many people assumed that will be the end of bitcoin but still bitcoin was able restand the market.
Bitcoin transactions are usually slower than bank transactions (not actually because the banks merely block the money on the account, but in practical use) and more expensive, unless it's a very big transaction and/or an international transaction.
The most appealing thing to me is probably #2 of the original post: Bitcoin being independent of authorities and different from the traditional financial system. It's just empowering to have something like that, I guess.
The most appealing thing to me is probably #2 of the original post: Bitcoin being independent of authorities and different from the traditional financial system. It's just empowering to have something like that, I guess.
Have many reason or advantage from Bitcoin become inspired for every one hold and invest there, but keep make research before investing in bitcoin not all trues how much profitable later when investing in bitcoin with wrong moment investment. I have solid reason why have investing in Bitcoin because own self controlling with my bitcoin assets and difference with other investment kinds depend on the other when holding it, Bitcoin have inconsistency price and make it interested for scalping and for long term investment Bitcoin an interested assets has potential for raising up more faster than other investment kinds.
Don't forget with bitcoin still have weakness with easily controlling by whales when making FUD, easily for many holder or investor get panic moment for selling their bitcoin assets when publishing with bad news and get impact bitcoin drop drastically although have moment for recovering to the higher price.
Don't forget with bitcoin still have weakness with easily controlling by whales when making FUD, easily for many holder or investor get panic moment for selling their bitcoin assets when publishing with bad news and get impact bitcoin drop drastically although have moment for recovering to the higher price.
1. Bitcoin is an asset: Bitcoin is an asset because it can grow from the point of purchase, especially when taken advantage of markets that are falling in orife or have fallen in price to purchase as well as rise in price to sell. With Bitcoin, you can start small and grow big.
Yes, there are many reasons and advantages of bitcoin that make us invest in bitcoin, but the biggest reason and top concern is profit, we have great interest in bitcoin because it can bring money for us. If bitcoin had all those advantages but if it was not volatile and not profitable, I believe you, me and many others would not be inspired to join and support the bitcoin revolution. Nowadays, when mentioning bitcoin, people will immediately think of investing to make a profit, not many people will mention its decentralized nature.
I still stick to Bitcoin because it is a decentralized asset and has great potential to be adopted by many people in the future and I hope to profit from it.
Coming into Bitcoin is one of the best decision I have made considering how economic recession can be at times were as you are not sure or certain of what will become the economic condition of the country so I have look for other alternative that I could channel my investment with a believe of making a good profit in the future so the only alternative that came to my mind is Bitcoin so I channels all my investment on Bitcoin because I have a strong believe on Bitcoin and even if I'm ask to choose investment, Bitcoin will always remain my first choice of investment I no is not a get rich quick scheme but my goal is to hold for a long time and with the potential of Bitcoin in the future I will smile while watching my investment. hero member
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3. Transaction is fast; bitcoin gives every user the luxury or pleasure of speed in transactions. Hence, network hiccups are almost eliminated when transacting with bitcoin.
If you talk about the side chain of Bitcoin, which is the lightning network, yes, it is fast enough. But if we talk about the main chain of Bitcoin, it's still slow compared to many other payment methods. The usual block time is around ten minutes. Sometimes, we see several blocks in ten minutes, but the opposite happens too. I have seen block delays of thirty-five minutes, which is too long.
If you consider this, I'm afraid I have to disagree that Bitcoin transaction is fast. Sometimes, network congestion happens in the Bitcoin network as well. The slow transaction is not compatible with business transactions which is why most shops you see use lightning network.
For me, financial freedom inspires me to invest in Bitcoin. When I realised that holding Bitcoin means it's my own bank and I can spend it whenever I want, I started playing with Bitcoin. On the other hand, the decentralised module behind the financial freedom script Bitcoin volatility gives me another inspiration to get benefits from that. Bitcoin has become the most popular cryptocurrency because of its high volatility. Investors could get profits from the volatility. But as I said, financial freedom is more important for me. No one asks questions when I want to spend my funds, whereas banks ask questions when trying to withdraw a large amount.
Some people will argue that the volatile nature of Bitcoin is one of its biggest challenges. They believe that bitcoin adoption will spread faster if the price is more stable. Bitcoin will used more as a currency if it becomes less volatile. But to a trader or investor, the price volatility is the biggest attraction to bitcoin. There are real estate and other forms, but they are not that efficient due to the lack of funds and the high taxation. There, BTC comes in handy. It does not have the issue of lesser funds, we can buy a single satoshi, and there is no huge taxation either. We can easily carry it with us, unlike gold.
Most of the reason others are investing in Bitcoin is to make a profit. That is why they are investing in it and you are right that Bitcoin has already proven track record in history for making ATH. Comparing the price when it was lunch it is really far and right now halving is fast approaching and people are now accumulating some Bitcoins because after halving the price is making ATH which happened in the previous halving also.
There are still people who use it for transactions like sending and receiving payments because they know that they have full control over their money and no matter how big your transaction is the bank won't freeze it.
And every person or investor involved with Bitcoin definitely has the main goal of making a profit because they see Bitcoin's very promising track record, and halving is their long wait to get bigger profits.There are still people who use it for transactions like sending and receiving payments because they know that they have full control over their money and no matter how big your transaction is the bank won't freeze it.
And we are getting closer to the next halving and we should not miss this opportunity to collect more bitcoins as early as possible, and make regular purchases before the price jumps too far. Bitcoin is freedom because we ourselves have full control in managing it so we have to treat it wisely.
I bet that you are new to bitcoin because even though some of the points you say are true, bitcoin is actually not scalable over time, especially when network congestion occurs, it will take quite a long time to complete one transaction and require high fees.
But even so, I still stick to Bitcoin because it is a decentralized asset and has great potential to be adopted by many people in the future and I hope to profit from it.
But even so, I still stick to Bitcoin because it is a decentralized asset and has great potential to be adopted by many people in the future and I hope to profit from it.
2. Investors like bitcoin because it's different from the traditional financial system that's controlled and regulated by the government of such a country. With bitcoin and crypto in general, transactions are outside the control of anyone, entity, organization, or person.
Its presence remains regulated in certain countries, but governments still struggle to control its circulation. Government regulations are also crucial to provide protection for new investors against fraud, as scammers continue to devise their own methods, using cryptocurrencies as a deceptive technique they employ.As compensation, governments may consider imposing minor taxes on crypto users within their jurisdiction. Security measures and fraud prevention must continue to evolve to prevent further victims.
To make it easier. Investors like investing in Bitcoin because of the profits. That's what makes many people start investing in Bitcoin. Maybe only a few percent of people have reason to invest in Bitcoin, as stated by @OP, which is included in point 1.
The average person doesn't need a complicated reason before starting to invest in Bitcoin because they will ask how to profit from investing in Bitcoin. And the same goes if they want to invest in other things. They will be increasingly interested in investing more when they see the benefits.
That is also one of the reasons I invested in Bitcoin in the first place. By using various ways to invest in Bitcoin it has provided benefits for us and also for you. And maybe only a few get there for points number 2 to 4.
The average person doesn't need a complicated reason before starting to invest in Bitcoin because they will ask how to profit from investing in Bitcoin. And the same goes if they want to invest in other things. They will be increasingly interested in investing more when they see the benefits.
That is also one of the reasons I invested in Bitcoin in the first place. By using various ways to invest in Bitcoin it has provided benefits for us and also for you. And maybe only a few get there for points number 2 to 4.
Most of the reason others are investing in Bitcoin is to make a profit. That is why they are investing in it and you are right that Bitcoin has already proven track record in history for making ATH. Comparing the price when it was lunch it is really far and right now halving is fast approaching and people are now accumulating some Bitcoins because after halving the price is making ATH which happened in the previous halving also.
There are still people who use it for transactions like sending and receiving payments because they know that they have full control over their money and no matter how big your transaction is the bank won't freeze it.
There are still people who use it for transactions like sending and receiving payments because they know that they have full control over their money and no matter how big your transaction is the bank won't freeze it.
let us admit the fact that volatility factor is still the major driving force for most investors or buyers in this market. the possibility of earning huge profit that they can possibly acquire is the main motivation of many,
If we were going to be able to carry out a survey and then organize the results from the survey back into something like a pie chart, the biggest side of the pie will be people who have been inspired to start using bitcoins because of the profit they can make. another part of the pie will be people who are really using bitcoins for payment in business and have started using bitcoins of the swift nature and government free the transactions can be made, a small side of that pie will be people who have invested in bitcoins to hide their assets too. 
During the period when I was not invested, the price of Bitcoin was at a very low level, but since then the price of Bitcoin has fluctuated a lot and the value of Bitcoin has increased a lot. Every year when I planned to invest in Bitcoin but for some reason my plan didn't work out but even though my plan didn't work out the price of Bitcoin was increasing by almost double every year. Seeing the value of Bitcoin rise so much motivates me to invest in Bitcoin. I was thinking at that time that if I can invest in Bitcoin then maybe after I invest Bitcoin the value of Bitcoin will double more and I can earn a lot of money. Basically, I started investing in Bitcoin with these thoughts in mind.
Far-reaching plans. Are you sure that the price of Bitcoin increases every year? I haven't seen anything like this for several years. Maybe you should look more closely at the graph? It wouldn't hurt to avoid making mistakes and drawing premature conclusions.How many people like you have already tried to make money by investing in this coin, but in the end they only lost quite a lot of capital. Don't you think that investing is an incredibly risky process that requires more detailed study? With your thoughts, I would not do this, but find something else.
Bitcoin has grown and offers some independence from established financial systems. Investors value transaction speed and crypto domination.
Despite its autonomy, expansion, and transaction speed, its important to go slow. Although Bitcoin is stable, the crypto market is volatile. Investors in Bitcoin demonstrate market knowledge. Research market trends and start modest for new investors. To minimise disappointment and frustration, make informed selections. Investors in Bitcoin are daring, but with the appropriate understanding, they can profit.
Despite its autonomy, expansion, and transaction speed, its important to go slow. Although Bitcoin is stable, the crypto market is volatile. Investors in Bitcoin demonstrate market knowledge. Research market trends and start modest for new investors. To minimise disappointment and frustration, make informed selections. Investors in Bitcoin are daring, but with the appropriate understanding, they can profit.
3. Transaction is fast; bitcoin gives every user the luxury or pleasure of speed in transactions.
While I am not a hater of Bitcoin's speed as I love every single thing about it. There can be argument about how fast it is, there can be other cryptos that's faster than it.But if we're going to compare it with traditional transfers that are being done by the banks, yes, it's faster and cheaper than them.
Hence, network hiccups are almost eliminated when transacting with bitcoin.
Network clogs are inevitable and it makes the fees higher but it's not as 2017's eoy when the fees were terribly high and transactions were slower. 
Bitcoin is revolutionizing the financial market, making it the economy of the future you too can take a bold step to invest in Bitcoin if you haven't invested.
People are anticipating the possible huge change in the economic system which makes them decide to invest in Bitcoin could be one factor. But the main reason why most investors are coming to crypto is to make a profit from this considering that this is an investment opportunity. For now, it has never been considered a form of currency, instead as an investment that influences their mindset and encourages them to take risks. There is a growing number of investors day by day and what makes these new investors it because they believe that investing in Bitcoin help them financially.
let us admit the fact that volatility factor is still the major driving force for most investors or buyers in this market. the possibility of earning huge profit that they can possibly acquire is the main motivation of many, which for me is very understandable as we've seen how the price increased in the previous years.
and such possibility of further increase is still here because of the growing number of stakeholders, individual or group or companies, are still interested to stake on this market. thus, the probability of reaching new ATH is what people are looking forward to.
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