Topic: What you can benefit from investing in Bitcoin (Read 195 times)

If you read the OP's post carefully, you can understand that he is talking about himself as a late investor.
We can also understand those newcomers who do not yet have a dollar in Bitcoin, but they will still call for investment since everyone understands that newcomers need merit. Or even being a late investor, having bitcoins worth some 20 bucks, an increase of five or ten dollars already makes such an investor rejoice.
Where I disagree with the OP is the call to invest no matter what. Investing despite not having the right knowledge will always lead to loss, further disappointment, and an unlikely return to investment, especially for people who save on everything.
Therefore, haste and the fear of not being on time are always very bad. Walk slowly, and be sure you know what you're doing.

This is the most significant advantage of using bitcoin out of all the others. Our financial independence from bank and government oppression is what led to the creation of Bitcoin. It is really unfair of the government to treat people in this manner and to attempt to regulate our financial decisions. Since bitcoin was created to solve this problem, the government and banks have lost out on the financial advantages that come with managing our money, which is why the government has always opposed bitcoin use. We currently enjoy a decentralised system where we have complete custody of our money, all thanks to Satoshi.

The many advantages we can gain from investing in bitcoin are not limited to these. The use of bitcoin give users utmost security and privacy of one’s assets and if has bring about development and new innovations around the world It is also a tool that unites people from various parts of the world with a common purpose so bitcoin should be seen more than just a financial instrument.

Over time, ignorance has been a significant barrier preventing individuals from using bitcoin, but progressively, bitcoin usage is rising and more people are understanding the concept. One cannot understand how to invest in bitcoin without knowledge, and some individuals have not had the opportunity to learn about bitcoin, which is why they have not made an investment in it as of yet. In a few years, as bitcoin gains popularity, more people will grasp its idea and the adoption rate will continue to rise.

These are three reasons why I will not hesitate to learn more about the technology in bitcoin and educate myself more on how I can invest in bitcoin as well.
Firstly, with just my smartphone I'm able to do virtually everything I need to do in terms of self-services without having to knock at the doors of any bank for over a year or two now. This I believe also opened doors for more banks to go smart in their technology thereby adopting the use of mobile banking app as an alternative to their physical banking.

Secondly, I have never personally felt so secure with my financial assets, like when I use Bitcoin because of the full control I have over my wallets. Unlike the normal banking platforms where I fear liquidation of banks thereby running away with my savings and investments or situations where they default government rules and get banned, then you have to start being worried about the safety of your finances amongst others.

Also, the fear that you do not have control over your own assets as they can be tempered with and some banks will use your money to trade in their businesses without giving you the desired interest is another angle. Other than that will also include that, with Bitcoin, which is open-sourced and can be monitored by me, I feel more safe to invest in such system since there's a quantifiable amount of security to that and as an address owner. You feel your ownership right with you.

Thirdly, I'm also a freelancer and I have got clients from different parts of the world. I have encountered with clients who requested to pay on my wallet instead of using the banks. This is because I think it is easier for them due to the forex exchanges and the difficulties in forex trade. Also, before I started using Bitcoin for international transactions, clients will pay me for a job and it will take another extra 3 to 7 days at worst cases to arrive. It was so boring and tiring for me but with my wallet, every transaction is made swiftly in just seconds and I can immediately swap it out for use.


Ignorance should not stop us from learning and I also advise us to be perpetual learners, educating ourselves on the new financial breakthroughs like the cryptocurrencies and how they operate and this will help make your life better and much more easier than the way the government takes it.

I don't think people who recently invested in Bitcoin are late investors. Bitcoin is still in its infant stage and has the potential to keep growing. Therefore we should be pleased that we are aware of this cryptocurrency because many people will join later. Online banking exists, so it is not only Bitcoin that gives the privilege of using smartphones for financial transactions.

An investor will have full control over his financial assets if he decides to keep it in a non-custodial wallet which gives the individual full control of the private keys. If one keeps his funds in centralised exchanges or custodian services, such person has lost full control of the fund.

Bitcoin is not only effective in online business transactions many offline businesses use it to pay for both national and international trade. This is because there are minimum amounts you can deposit or withdraw from your wallet. Most banks have the minimum amount customers can deal with over some time and this could impede business transactions.

My country's currency lost 50% of its value just this year. This is why Bitcoin could be used as a potent hedge against inflation. Most Bitcoiners in developing nations use bit Bitcoin as an Investment and to protect themselves from the loss of value of the local currency.

Yes I don't feel guilty for coming to Bitcoin late and investing. I always feel lucky to earn and invest from bitcoin forums. There are still thousands of people who don't know about Bitcoin usage. I feel very lucky compared to all those people that I can earn from here and change my life. I hope to earn better in future and manage my life better.

There are a whole lot of things to consider as benefits when considering investing in Bitcoin.

The investment in Bitcoin is one more adoption which is also a step closer to global adoption which brings you closer to dealing directly without the interfence of the government and traditional banking and finance. This is a collective win for the entire Bitcoin space but mostly for you as an individual, the others added to it are what every one else knows about: the increase in asset value wrt dollar equivalent and decentralization and stuff. The benefits are just enormous.

Apart from being easy and accessible via smart/mobile phone, Bitcoin investment is also very profitable. From my experience, I am very capable of doubling $$ in Bitcoin investments, in the midst of the world economic crisis where if we save money in fiat then inflation can affect the assets we own. For me, Bitcoin is a value hedge and can be a mainstay investment when all investment products are not working well.

All of the above benefits are available with Bitcoin but the most important benefit to me is that in banking we have no control over the pooled assets we keep in the bank but we have complete control over investing in Bitcoin. Because Bitcoin is a completely decentralized currency and it is not controlled by any external third party, investing in Bitcoin is completely risk-free and self-regulated. Moreover, the amount of profit that can be obtained by investing in Bitcoin is not that amount of profit that can be obtained by keeping money in the bank.

It is never too late to invest in Bitcoin because there is no minimum and maximum in the Bitcoin price. Maybe you mean it's too late based on the current Bitcoin price being traded, this assumption is very wrong in my opinion because the very fluctuating Bitcoin price gives anyone hope of making a profit from Bitcoin investment.
The increasing development of Bitcoin and the level of investor interest in Bitcoin will determine the direction of Bitcoin prices for the future. Need to maintain full control over your assets, try to always store assets in a Wallet that you can control Private Key, after increasing your investment amount via a centralized Exchange, always send them to a private wallet to maintain the security of your assets.

Regardless of the angle, there is no end to investing in Bitcoin; in fact, for those who believe in it, if you are a long-term investor, Now, if you want to use it as one of the payment options in the business you have, it's fine. As long as there is no problem with the bitcoin network and it's not congested, you can do it.

And there are many other transactions that are good to use this bitcoin for, to be honest, because at this time we can actually send help via bitcoin to them as long as there is a local exchange in the country you are sending to.

This is not entirely true, although we do not need permission or approval from a bank or government to own bitcoins. But bitcoin is an asset and for us to be able to own it, anyone needs to have money or a bank account. If you don't have money or a bank account, how can you own bitcoin? Bitcoin is not free, bitcoin is not created and distributed to us for free.
One more thing, bitcoin is becoming more and more popular but it is still recognized as currency, we still cannot use it for daily payments. Therefore, there will still be certain barriers if someone wants to own bitcoin, and those who own bitcoin but do not have a bank account.

The lack of barriers to entry is what it is going to allow bitcoin to become more widely adopt over the years, anyone that has tried to open a bank account or get a credit knows how difficult this can be, but when it comes to bitcoin you only need to have some way to access the internet and you are good to go.

Governments realized this, which is why the regulations they are setting not only have as a goal to try to monitor this market, but they are trying to make this process a lot more complicated so their fiat system can compete.

I am also a very late bitcoin investor. Although I came relatively late, I consider myself lucky to have come to Bitcoin at the right time. I don't have any way to get money from outside to invest so I am investing in DCA method with the earnings I get from bitcoin forum. Although I have planned to invest in DCA method for long term, I can see a lot of return on investment at the beginning of investment. Because my investment has made a lot of profit since its inception.

Smart phones, mobile devices are hot wallets and you would be very rich or just too stupid to carry your fund or all of your fund around with smart phones, mobile devices.

Only true if you store your bitcoins in open source non custodial wallets.

If you store your bitcoin in an account on a centralized exchange, you don't own private key and you don't control your bitcoins.

Bitcoin Q&A: Not your Keys, Not your Coins

Expensive transaction fee will be barrier for these if you and your customers have to proceed small value transactions.

As we have loads of benefits for investing in Bitcoin, so also we have some negative aspects but then if you have the right knowledge about Bitcoin, you will know that Bitcoin is the currency and assets of f the future which to.kany is still a mystery, because not many already know about Bitcoin and also not many have access to Bitcoin as an investment, so for sure I won't accept your first point of being late to Bitcoin, I don't think that is the case here and as a matter of fact, we need to agree that we are still among the early Bitcoin adopters and at that shouldn't think that we have missed out alot.
And for sure we are still at a good stage of the industry, and whatever we experience right now, is just may be the least because the industry is still young and growing and in the near future, we are going to even become the early birds that we refer to other who may have bought and hold Bitcoin since 2010.

Knowing this technology will open doors of opportunity for you to find alternative sources of income online.
Whether you are a programmer, an influencer, a writer or any skills you have that can cater this industry.
As we are in the digital age, we have so much things to do now using the internet at the comfort of your home.
This I believe, surpasses the reason of existence of btc, not only holding this currency, but all the other related-activities involved with this market.
And a lot of people are benefiting from it, coming together from all walks of life, without racism or any boundaries involved.

One thing that I find important that the OP may be forgetting is the opportunity to make a profit on the investment.

I know the benefits can be understood in other ways, but frankly speaking, the journey to know bitcoin has brought me quite a lot of technological and economic knowledge. And there is no obvious place to freely share these things other than in the crypto space.

(2) -  I see that perhaps many people come to bitcoin and stay with it for a long time because of that.

This is common in any other cryptocurrencies not just Bitcoin alone. even with fiat you can still carry out your financial services with just your smart phone depending the type of transaction you wish to carry out. so it is too in Bitcoin so it's a common feature now.

This common in every other cryptocurrencies, though was all brought in place through Bitcoin as the first cryptocurrency. but it's no longer a special feature of Bitcoin because Altcoins (shitcoins) can do so even too.

This is one of the major aim Satoshi Nakamoto for creating bitcoin. For years we have been or are still under the control of some few people who calls themselves governments who practically controls every part of our life with the printing of fiats. hence Bitcoin was initiated to free us from central control of the government through some agencies like banks.

I'm very much delighted with this about Bitcoin, because the rate of inflation in good and services has lead to deflation in our fiat (local currencies) which is also caused by the countless printing of fiats(money). The risk which is posed by volatility is what most of us have exploit and it's not longer seen as a risk rather an investment opportunity in Bitcoin.

I must say, the first thing I had to look out for after seeing your thread header was if you own at least some fraction of Bitcoin at all. As, one can’t go ahead talking about benefits on some commodity that you don’t possess. Of course you might find them on some piece of material somewhere but, nothing talks about benefits more than when you’ve got that commodity in your possession and experience it first hand.

It’s important that you recognize the relations between volatility as to Bitcoin with regards to what inflation is to fiat so, if you know how to manage it, then you could as well know how to set your priorities.

Eventually, options one and four aren’t exactly an exclusive benefit, they are things that are shared in common with fiat and that doesn’t make it anything special. Fiats can be accepted as means of exchange, digitally or even using CBDC and it all that could be done on a smart device as well.

Exactly by using bitcoin you can see or monitor your own transactions you have full hold on your coins if you are using decentralized exchange you can send or receive bitcoin directly  without  any third party


If you are someone who values their privacy even working it would be really great to use bitcoin or crypto as a way for your clients to pay you