When investing in Bitcoin: what to consider? - page 5.

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Quote from: bettercrypto on May 17, 2024, 07:43:19 AM

Just remember that bitcoin is so decentralized that no country can control it, no matter how powerful they are; the only thing they can do is interfere in their country. Why? due to the decentralized nature of Bitcoin or other cryptocurrencies.

No matter what other countries say today that is against Bitcoin that it is not a currency, with the value that Bitcoin has in the market today, do you think it has value or not? Even institutional investors in other countries are clamoring to save or invest here; if it has no value or no currency, do you think they will allocate millions of dollars just to buy Bitcoin? You think you op?

It is a new time where traditional money is not the only money that exists in the world. We live in digital age and so shall a lot of people expect that many things are going to start becoming more digitalized. Soon the government will realize how blockchains can actually change our world for the better.

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Just remember that bitcoin is so decentralized that no country can control it, no matter how powerful they are; the only thing they can do is interfere in their country. Why? due to the decentralized nature of Bitcoin or other cryptocurrencies.

No matter what other countries say today that is against Bitcoin that it is not a currency, with the value that Bitcoin has in the market today, do you think it has value or not? Even institutional investors in other countries are clamoring to save or invest here; if it has no value or no currency, do you think they will allocate millions of dollars just to buy Bitcoin? You think you op?

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Consider your income, because that way, you will know how much money you'll be putting in your investment plan, without consideration for your income and the bills that you're paying then it will result to you having an unorganized finances which would eventually lead to confusion that will result in you losing a lot of your investment because you're going to need extra money for extra expenses and there will be a point where you're going to have to take out some of the money in your investment, in an unorganized financial health, it's inevitable that this thing will happen.

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Quote from: Russlenat on May 16, 2024, 05:55:59 PM

Quote from: GideonGono on May 16, 2024, 03:30:11 PM

We have different opinion about Bitcoin so why bother what others or critics think of it?
They don't see it as a currency then move on we don't need to force them to see it that way, we have been using it however we want (payment option or investment tool).

Those who have never seen bitcoin as a currency are obviously those who are pro fiat and only follow what the government tells. So I don’t think their opinions greatly matter to us. We trust to invest in bitcoin not simply because we believe it’s a good currency, but more on a highly profitable investment tool. If critics don’t see it that way, then that would be their problem anymore, not ours. Let’s just focus on bitcoin, and leave them on fiat. Bitcoin will come to prove to them in the end.

concerning about the government, what did crypto currency really do that always makes the government looking towards them? Bitcoin it's legit reliable and trustworthy when it comes to trading, and investing with Bitcoin will always give you hope in life. so I don't see any crime that crypto currency have committed and why the government or people are after them always. For me their opinion doesn't matter to me but with all this going on battling with the government, it'll look some how to the people who their instincts was to invest with Bitcoin. But along side hearing all this maybe their trust might not be that stronger anymore.

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Quote from: reagansimms on May 16, 2024, 10:19:41 PM

When you are in a community that is pro Bitcoin, of course you will ignore all the negative sides that come out of the mouths of those who are against Bitcoin. They criticize the presence of Bitcoin for various reasons, one of which is because their business is increasingly threatened by the presence of increasingly developing Bitcoin technology. What critics say about Bitcoin is just unreasonable nonsense and they cannot find a single reason that can bring down the prestige of Bitcoin from people who have made a lot of profit from the investments they made in Bitcoin.

What business sectors are threatened by the growth of bitcoin? I don't think bitcoin was created to threaten or replace anything in this world, it was created as an alternative, never as a replace.

I think people who talk bad and criticize bitcoin simply because they missed it and now they are jealous of many people who became richer than them by investing in bitcoin early on. Or they are just using tricks to find ways to keep people away from bitcoin and they quietly invest in it. In my opinion, rich people never want to share their wealth with anyone and they don't want everyone to become rich. So they will use every means to keep people away from that wealth.

Not only critics, we can see many billionaires and rich people, most of them rarely say good things about bitcoin. The simple reason is that they don't want everyone to become rich like them and don't want to share their wealth with others.

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Quote from: Assface16678 on May 16, 2024, 04:47:52 PM

Quote from: Onyeeze on May 16, 2024, 04:30:47 PM

Quote from: Ojinga on May 16, 2024, 02:54:00 PM

First how does Bitcoin operate? Bitcoin it's a digital currency uses Blockchain technology to support transactions between users. If you know how Bitcoin operates then you will also know the consideration that comes with. And critics say Bitcoin doesn't work as a currency, Citing volatility use in illegal activity, but supporters argue that it's too early to make some of these claims, is already fixing many of those concerns. I know their are so many things to be consider with when it comes to anything investment. Mostly concerning the highest exchange in the world. So what are your opinion towards the people that are investing in Bitcoin?

people that is already in into cryptocurrency especially Bitcoin the technology behind blockchain I don't really know if you are teaching people who is already in the forum or you are teaching yourself or you are taking a beginner who has not gathered information of cryptocurrency and its transaction so that is what I really want to know because sometimes when we are making a discussion wish you the at least consider people who has already been into the business before now not teaching people who has already have the experience before you

Its very unclear what the OP is pointing at; I dont see any relevance from his topic title to his statement. Anyway, to answer the topic itself, what does the beginner or any people need to consider first before entering in bitcoin? Well, for me, the most important thing is awareness of the risk. We know how risky bitcoin is, and many investors or people who recently entered in bitcoin just because of the hype, so they ignore the most important thing that should be considered, which is the risk. Yes, maybe they have earned from riding the trend, but how about the other days? Or weeks? How could an investor survive without the trend? Of course, if you enter bitcoin without the basic knowledge, then you will know what the risk is in bitcoin, the risk of losing money, and you should be aware of yourself if you can take those risks and lose money in the process.

mainly what you need before we enter into bitcoin is to understand the protocols of bitcoin and they understanding the protocols of bitcoin knowing the advantages and the disadvantages of Bitcoin because many people ventured into bitcoin without understanding the the protocols that is involved in Bitcoin actually the risk that is involved in Bitcoin is one of the things that met people to say that bitcoin is a scam and if you don't understand the procedures of Bitcoin very well you will end up in saying that bitcoin is a scam because you have not know the theory or the rules and the regulation of Bitcoin so making a research is one of the prominent thing that is important for someone who want to go into bitcoin supposed to do and the also asked for the merit and also demerit of Bitcoin

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You must consider the amount of money you want to invest in Bitcoin, learn how to anticipate the risks of investing in Bitcoin, and check the status of Bitcoin in your country so that you don't violate the regulations.

People who invest in Bitcoin already know how to use Bitcoin. They also know that the price of Bitcoin will continue to change, so they are aware of the risks they have to accept. Those who have invested in Bitcoin for a long time are already accustomed to reducing the risks.

That's why they have to learn how to invest in Bitcoin. The risks behind Bitcoin investment have made many people panic because they are not ready. For this reason, anyone who wants to invest in Bitcoin must know what to learn.

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Quote from: Russlenat on May 16, 2024, 05:55:59 PM

Quote from: GideonGono on May 16, 2024, 03:30:11 PM

We have different opinion about Bitcoin so why bother what others or critics think of it?
They don't see it as a currency then move on we don't need to force them to see it that way, we have been using it however we want (payment option or investment tool).

Those who have never seen bitcoin as a currency are obviously those who are pro fiat and only follow what the government tells. So I don’t think their opinions greatly matter to us. We trust to invest in bitcoin not simply because we believe it’s a good currency, but more on a highly profitable investment tool. If critics don’t see it that way, then that would be their problem anymore, not ours. Let’s just focus on bitcoin, and leave them on fiat. Bitcoin will come to prove to them in the end.

A lot of us who have embraced Bitcoin are also guilty of this offence. Many would rather keep bitcoin aside as an investment and will never use it to make payments for commodities they bought or services they enjoyed. I have seen lots of people who think spending bitcoins same way we spend FIAT currency is stupidity on the side of the bitcoin holder. Up till now, even though most of us have seen Bitcoin's worth, many still won't consider bitcoin as a currency. These thoughts are not influenced by the government, neither are they critics. They are just being extra careful so they don't spend their "little investment " on a bottle of Coca-Cola.

Quote from: reagansimms on May 16, 2024, 10:19:41 PM

When you are in a community that is pro Bitcoin, of course you will ignore all the negative sides that come out of the mouths of those who are against Bitcoin. They criticize the presence of Bitcoin for various reasons, one of which is because their business is increasingly threatened by the presence of increasingly developing Bitcoin technology. What critics say about Bitcoin is just unreasonable nonsense and they cannot find a single reason that can bring down the prestige of Bitcoin from people who have made a lot of profit from the investments they made in Bitcoin.

Interestingly, criticism has never affected the value of bitcoin, so who cares? At some point most of us had a negative mindset about bitcoin, today we are singing it's praises. My advice to those living in such an environment is that they should avoid discussing Bitcoin because those guys will always criticize.

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Quote from: Ojinga on May 16, 2024, 02:54:00 PM

First how does Bitcoin operate? Bitcoin it's a digital currency uses Blockchain technology to support transactions between users. If you know how Bitcoin operates then you will also know the consideration that comes with.

Maybe you will easily get an explanation of how BTC works, if you want to browse on the internet it's also easy. Bitcoin operates on top of blockchain technology which is certain Bitcoin is a revolutionary innovation today.

Surely if we already understand.

Quote from: Ojinga on May 16, 2024, 02:54:00 PM

And critics say Bitcoin doesn't work as a currency, Citing volatility use in illegal activity, but supporters argue that it's too early to make some of these claims, is already fixing many of those concerns. I know their are so many things to be consider with when it comes to anything investment. Mostly concerning the highest exchange in the world. So what are your opinion towards the people that are investing in Bitcoin?

For this point, it's only good to pay attention to the increasing adoption day by day, if you are affected by issues that are not so important, ignore them that you will hinder your desire to come and invest in BTC and take the longest time to start. What is certain is that by participating in investing with Bitcoin you also have the opportunity to get additional income whether you trade or invest for the long term which is clear if you are confident, patience will be beautiful in time.

reagansimms

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When you are in a community that is pro Bitcoin, of course you will ignore all the negative sides that come out of the mouths of those who are against Bitcoin. They criticize the presence of Bitcoin for various reasons, one of which is because their business is increasingly threatened by the presence of increasingly developing Bitcoin technology. What critics say about Bitcoin is just unreasonable nonsense and they cannot find a single reason that can bring down the prestige of Bitcoin from people who have made a lot of profit from the investments they made in Bitcoin.

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Quote from: Ojinga on May 16, 2024, 02:54:00 PM

First how does Bitcoin operate? Bitcoin it's a digital currency uses Blockchain technology to support transactions between users. If you know how Bitcoin operates then you will also know the consideration that comes with. And critics say Bitcoin doesn't work as a currency, Citing volatility use in illegal activity, but supporters argue that it's too early to make some of these claims, is already fixing many of those concerns. I know their are so many things to be consider with when it comes to anything investment. Mostly concerning the highest exchange in the world. So what are your opinion towards the people that are investing in Bitcoin?

Consider the risks so that you don't have too much worry about investing and look for a safe storage place to protect your assets. Apart from that, there is no need to worry too much because investments definitely have a level of volatility and our job is to try to minimize it. If you want to make a profit then learn what should be considered for investment so you have an idea.

Bitcoin has provided many conveniences for people involved in it and bitcoin has also provided a way to achieve financial freedom. To understand how, we have to get complete knowledge so we have an idea of how to get involved in investing. There are risks involved in betting, but it won't be a problem when you understand the journey of Bitcoin itself.

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Quote from: GideonGono on May 16, 2024, 03:30:11 PM

We have different opinion about Bitcoin so why bother what others or critics think of it?
They don't see it as a currency then move on we don't need to force them to see it that way, we have been using it however we want (payment option or investment tool).

Bitcoin can be good or bad for some people, but we aren’t here to invest in bitcoin and follow their opinions or ideas about bitcoin. We have our own thoughts and insights based from our in-depth research, so let’s stick to that and never mind what negative critics have to say. As long as we invested using our own money, and believe that bitcoin can be a good currency and a profitable tool for investment as well, then their final say won’t affect us. We are responsible of our own thoughts and decisions when it comes to bitcoin, so let it won’t be influenced by what others have to say.

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Financial capacity, risk management and tolerance, and depth of your knowledge about it. Not because other people are profitable with this industry, same thing goes with you in an instant. Everything starts and ends in a process; you need to know more than that. It will be easy to invest and fill your bag with Bitcoin investment but what's next? When will you be taking the profit? How will you cope up if a sudden market crash happen?

It is easy to say just hold and invest more, but until when? You need to have your goals and you need to know how to execute your plans. Investment will always involve risk, be sure to be prepared for it.

Quote from: Russlenat on May 16, 2024, 05:55:59 PM

Quote from: GideonGono on May 16, 2024, 03:30:11 PM

We have different opinion about Bitcoin so why bother what others or critics think of it?
They don't see it as a currency then move on we don't need to force them to see it that way, we have been using it however we want (payment option or investment tool).

Those who have never seen bitcoin as a currency are obviously those who are pro fiat and only follow what the government tells. So I don’t think their opinions greatly matter to us. We trust to invest in bitcoin not simply because we believe it’s a good currency, but more on a highly profitable investment tool. If critics don’t see it that way, then that would be their problem anymore, not ours. Let’s just focus on bitcoin, and leave them on fiat. Bitcoin will come to prove to them in the end.

Whether it is being a currency or an investment pool, what matters is for us to make use of it in accordance with our purpose or goal. It is both good as a digital currency and an investment asset. You just do what works best for you.

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Quote from: GideonGono on May 16, 2024, 03:30:11 PM

We have different opinion about Bitcoin so why bother what others or critics think of it?
They don't see it as a currency then move on we don't need to force them to see it that way, we have been using it however we want (payment option or investment tool).

Those who have never seen bitcoin as a currency are obviously those who are pro fiat and only follow what the government tells. So I don’t think their opinions greatly matter to us. We trust to invest in bitcoin not simply because we believe it’s a good currency, but more on a highly profitable investment tool. If critics don’t see it that way, then that would be their problem anymore, not ours. Let’s just focus on bitcoin, and leave them on fiat. Bitcoin will come to prove to them in the end.

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Quote from: Ojinga on May 16, 2024, 02:54:00 PM

First how does Bitcoin operate? Bitcoin it's a digital currency uses Blockchain technology to support transactions between users. If you know how Bitcoin operates then you will also know the consideration that comes with. And critics say Bitcoin doesn't work as a currency, Citing volatility use in illegal activity, but supporters argue that it's too early to make some of these claims, is already fixing many of those concerns. I know their are so many things to be consider with when it comes to anything investment. Mostly concerning the highest exchange in the world. So what are your opinion towards the people that are investing in Bitcoin?

Yea i wouldn’t say many people today do not treat bitcoin as a currency but rather they treat it more today as an asset to hold as a result of the distinctive characteristics that bitcoin possess and which are characteristics for good asset to hold. People today to not just bring out their bitcoin to trade like that but rather look for other means.

There is nothing wrong treating bitcoin as a investment so my advice to any one trying to come into cryptocurrency or specifically is to think long time. Many people fall to losses today in cryptocurrency or bitcoin because of the duration of timing of when to buy and sell.

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Quote from: Onyeeze on May 16, 2024, 04:30:47 PM

Quote from: Ojinga on May 16, 2024, 02:54:00 PM

First how does Bitcoin operate? Bitcoin it's a digital currency uses Blockchain technology to support transactions between users. If you know how Bitcoin operates then you will also know the consideration that comes with. And critics say Bitcoin doesn't work as a currency, Citing volatility use in illegal activity, but supporters argue that it's too early to make some of these claims, is already fixing many of those concerns. I know their are so many things to be consider with when it comes to anything investment. Mostly concerning the highest exchange in the world. So what are your opinion towards the people that are investing in Bitcoin?

people that is already in into cryptocurrency especially Bitcoin the technology behind blockchain I don't really know if you are teaching people who is already in the forum or you are teaching yourself or you are taking a beginner who has not gathered information of cryptocurrency and its transaction so that is what I really want to know because sometimes when we are making a discussion wish you the at least consider people who has already been into the business before now not teaching people who has already have the experience before you

Its very unclear what the OP is pointing at; I dont see any relevance from his topic title to his statement. Anyway, to answer the topic itself, what does the beginner or any people need to consider first before entering in bitcoin? Well, for me, the most important thing is awareness of the risk. We know how risky bitcoin is, and many investors or people who recently entered in bitcoin just because of the hype, so they ignore the most important thing that should be considered, which is the risk. Yes, maybe they have earned from riding the trend, but how about the other days? Or weeks? How could an investor survive without the trend? Of course, if you enter bitcoin without the basic knowledge, then you will know what the risk is in bitcoin, the risk of losing money, and you should be aware of yourself if you can take those risks and lose money in the process.

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Quote from: Ojinga on May 16, 2024, 02:54:00 PM

First how does Bitcoin operate? Bitcoin it's a digital currency uses Blockchain technology to support transactions between users. If you know how Bitcoin operates then you will also know the consideration that comes with. And critics say Bitcoin doesn't work as a currency, Citing volatility use in illegal activity, but supporters argue that it's too early to make some of these claims, is already fixing many of those concerns. I know their are so many things to be consider with when it comes to anything investment. Mostly concerning the highest exchange in the world. So what are your opinion towards the people that are investing in Bitcoin?

Those who invest in bitcoin are those who really believe in the future of bitcoin, just imagine you are fully invested in an asset that you don't know what will happen in the future, and there are many parties who are putting pressure on it, such as governments in many countries

However, according to reports from several exchange owners, every day there are always new investors who register on their platform and 50% of them buy Bitcoin there, this proves that Bitcoin continues to be in demand regardless of its price volatility

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Quote from: Charles-Tim on May 16, 2024, 03:01:01 PM

Critics will say bitcoin is too volatile and also bitcoin mining is demanding for too much electricity. No one can say bitcoin is not a currency because bitcoin is money and what represents it as money is its currency part.

Bitcoin's volatility is the whole essence of the introduction of monetary decentralization. It's also majorly the reasons why it's regarded as a digital currency that appreciates with time.
As for Bitcoin mining, I don't think critics are actually the main people behind the escalation; bitcoin hasn't been a secret right from time being, so I guess alot of people have been looking through to either make a rough estimation on how profitable it is to mine, or basically, the miners themselves put everyone on the know.

Quote

About the illegal use of bitcoin, fiat are used more for illegal dealing.

What leaves me speechless is how the governments are all out for Bitcoin

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Quote from: Ojinga on May 16, 2024, 02:54:00 PM

So what are your opinion towards the people that are investing in Bitcoin?

So what do I think about people investing in Bitcoin? Is that a trick question?? I mean, this is a Bitcointalk.org forum so most folks here are probably fans. but sure, lets chat.

Bitcoin definitely has some issues that give people pause. The price jumps all over the place. There is some shady stuff happening on the dark web. But Bitcoiners know what they signed up for. Either they truly believe in the whole decentralized currency revolution thing. Or they just wanna make a quick buck on the volatility.

My take? Hey, you do you. If you wanna dive in go for it. Just make sure you learn about it first, get the risks, and dont come crying if you lose that money. Bitcoin has always been a gamble.

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Quote from: Ojinga on May 16, 2024, 02:54:00 PM

First how does Bitcoin operate? Bitcoin it's a digital currency uses Blockchain technology to support transactions between users. If you know how Bitcoin operates then you will also know the consideration that comes with. And critics say Bitcoin doesn't work as a currency, Citing volatility use in illegal activity, but supporters argue that it's too early to make some of these claims, is already fixing many of those concerns. I know their are so many things to be consider with when it comes to anything investment. Mostly concerning the highest exchange in the world. So what are your opinion towards the people that are investing in Bitcoin?

people that is already in into cryptocurrency especially Bitcoin the technology behind blockchain I don't really know if you are teaching people who is already in the forum or you are teaching yourself or you are taking a beginner who has not gathered information of cryptocurrency and its transaction so that is what I really want to know because sometimes when we are making a discussion wish you the at least consider people who has already been into the business before now not teaching people who has already have the experience before you

Topic: When investing in Bitcoin: what to consider? - page 5. (Read 709 times)