Topic: What Motivates you to Invest in Cryptocurrency? - page 24. (Read 39465 times)

It is OK to believe in Crypto but I do not think it will replace fiat ever. Fluctuation is the nature of crypto, this is the main reason why crypto cant replace fiat. But if you do not care about the fluctuations then how will you make profit? HODL till the time is come? No specific target of profit or how long you'll hold?

Bitcoin was not made for that.
It is just that they already thought it could be something like an investment.
If it is their lost then it is their fault for withdrawal in an early stage. Bitcoin will be more valuable but it has to wait.
Looking at how the world will change in technology bitcoin will be there and will get a lot of usage.
Just now, online stores are getting higher in amount and their payment methods will change in the future.
Faster and more secured. Once they seek for that then it will be bitcoin at the front line.

That volatility makes me curious and hope by investing in it I will get more profits in the next few years. When I first discovered bitcoin, it cost under $ 500. What if I invest in bitcoin at that time. Unfortunately, I am not! Now, I don't want to miss such good opportunity again.

I really believe in cryptocurrency's world.
I think cryptos will replace FIAT in few years. It will be an hard trip and fll of problems, but there is no sense to continue with a government-centralized currency. that's why I'm motivated to invest into cryptos, and I don't care about crypto fluctuations. I just HOLD, the time will come..

No one in this volatile market of crypto do make investment just for the sake of fun.I would rather believe that most people on here do have the same motive why we are here which is "MONEY" or profits where we can able to achieve a financial free life we do wish for.I do strongly believe on that thing and comparing to those who believe on crypto tech then i would say it would be less but in general means this innovation do really gives convenience on our daily lives at the same time it do have money making opportunity.

Honestly I invest because I want to make money and see the potential. I trade because it is like a game and you can practice to get better. The time you invest will be worth it, it is like studying.

I invest in cryptocurrency and trade cryptocurrency because I believe I won't lose in the long term. I can only gain because of what the new technology has to offer. I was too young to know about investing in domains, but now that blockchain is here and is here to stay, I'm confident in my cryptocurrency investments.

I was initially drawn to cryptocurrency by the hype i5 got late 2017, and the promise of much wealth with little investments.

After learning the pros and cons of blockchain technology (to the extent I have).
And its endless possibilities and application in pretty much every sphere of business and how this tech olofy can revolutionize transaction process as we know it
And of course the potential for earning big (the main goal) mad possible by the volatile nature of cryptocurrency.
I have been motivated to expand my knowledge and improve my skills, to better position myself for the future blockchain technology heralds.

Like everyone else, I'm in Crypto for two major things, To make money and benefit from the innovative technology. (Making money is actually one of the perks for being an investor of blockchain any way). So I was drawn to Cryptocurrencies for those two major reasons. The fact that I am one of the very few people who is part of the next financial evolution is thrilling for me. And I make money while at it. That has been my motivation thus far.

Personally, the blockchain technology has unlimited use for security into transactions and it may shape the modern transaction of payments in the future once countries start to accept the legalization of bitcoin. What makes bitcoin distinct from fiat is the blockchain technology that is powered under the current platform as it provides SECURITY and TRUST among its users compared to our current system of payment (which revolves around an agent or an intermediary).

In an investment perspective, bitcoin's volatile price makes it the perfect vessel for either short or long-term investment depending upon the circumstances happening in the market. There are a lot of cases wherein its price skyrocketed 1-2 months after they purchased at the date. Depending upon the goal of an investor, he/she has the potential of yielding large amounts of profit in a relatively shorter amount of time compared to other investment mechanisms present in our current world.

Honestly, many people seek cryptocurrency more because of its volatility. Whether they do it consciously or not, they wish to make large money quickly. This can happen only with a volatile market. Further, we find a lot of newbies even in this forum feeling bad that they lost money or they could not make money as value of BTC has not risen much especially with the expectations being high after the 2017 last quarter. Seeking such profits is not bad but before investing I feel there is a need to prioritize the needs that could be fulfilled with such an investment as BTC especially if you are looking to make money soon rather than keep BTC as a long term investment.

This very motivation and idea behind the investment will speak volumes on the reaction of the investors once the market is down. Strangely, many people do not sell when the market price is high and even when their purpose of investment will get fulfilled. They wait for the price to soar even higher. And if the value starts trickling down, they still hodl and wait for the price to move beyond the point where it had last peaked high. But again, when the market is in a steep downfall, instead of buying, many people will start panic selling and end up in loses. Many a time we find this even in the new threads and discussions even within our forum.

So what it is that makes you invest in crypto? Is it because it caught your fancy? Is it the volatility? Is it because there is a need to fulfil in your life? IS it because you are a day-trader? Or is it fun?