Why are you interested in bitcoin? | Bitcointalksearch.org

laurenB7742

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Quote from: jostorres on February 15, 2023, 04:02:10 PM

I know some like stocks and gold and so forth but bitcoin is the easiest and the best by far. I think it is good because it is not up to anyone to decide the price as well, if it is such a decentralized thing then we all get to decide together and that is why it is such a good thing, and this is why I choose it.

I also invest in bitcoin more than gold and stocks, but we can't say bitcoin is the best, bitcoin just gives the best return than gold and stocks. In the long run, when bitcoin's capitalization becomes as large as that of gold, the price will be determined by supply and demand. But now, despite being decentralized assets, their value is being manipulated instead of depending on supply and demand. That is, investing in bitcoin at this stage is to make a profit, and get rich quickly, not necessarily because of inflation.

jokers10

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Quote from: jostorres on February 15, 2023, 04:02:10 PM

I agree with you and other people who explains their reason along with inflation, I mean lets be honest, fiat will get devalued more and more all the time and there are no nations with negative inflations ever, which means that value of fiat constantly drops. Which means we shouldn't hold fiat if we have some excess money, and what better to buy with that than bitcoin.

I know some like stocks and gold and so forth but bitcoin is the easiest and the best by far. I think it is good because it is not up to anyone to decide the price as well, if it is such a decentralized thing then we all get to decide together and that is why it is such a good thing, and this is why I choose it.

Yeap, the majority in the forum will agree with us as it is bitcoin forum. Grin

But to be honest there of course some challenges which bitcoin also faces up. But if to talk about other variants: stocks are a part of an inflationary economy as well, so they go down in long prospective the same way as all other inflationary assets. Commodity like gold can be better, but physical assets have other flaws: it is harder to hide, transport and trade them. When gov will decide seize precious metals once again as it done multiple times in the past it can do it much easier then if it will decide to seize crypto assets.

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Quote from: jokers10 on February 14, 2023, 07:39:27 PM

Quote from: Hamza2424 on February 14, 2023, 02:12:03 PM

Currently, I want to invest more in bitcoin because now the recent circumstances in my country are not favorable to hold my savings in the local currency. In my observation, there is no local currency where you can hold your saving without losing the actual value. So now the condition is as worse in the most volatile market I am feeling safer as compared to the Local currency. There are many reasons behind this, but for now, I am planning to start DCA with my saving.
...

I'd say it was one of the main reasons Satoshi invented bitcoin: modern economy is based on inflation so if you hold your savings you lose all the time, more or less. If the gov in your country is less skilled or much corrupted you lose more, but even if your country has good gov you'll lose anyway, just less. So deflationary asset is something really alternative to modern economy. And it is really interesting especially for countries which economy is not developed enough.

I agree with you and other people who explains their reason along with inflation, I mean lets be honest, fiat will get devalued more and more all the time and there are no nations with negative inflations ever, which means that value of fiat constantly drops. Which means we shouldn't hold fiat if we have some excess money, and what better to buy with that than bitcoin.

I know some like stocks and gold and so forth but bitcoin is the easiest and the best by far. I think it is good because it is not up to anyone to decide the price as well, if it is such a decentralized thing then we all get to decide together and that is why it is such a good thing, and this is why I choose it.

Henrobakkara

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Quote from: Dr.Osh on February 13, 2023, 01:36:59 AM

Quote from: Raceonsucced on February 05, 2023, 08:14:17 AM

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?

For now, there are too many reasons why people love bitcoin. In fact, from all aspects, people have their own reasons why they love bitcoin. For example, in investing, by using bitcoin properly, you can get bigger and faster profits than other investments. Another thing is, bitcoin has a completely decentralized system, so no one really controls bitcoin, and it naturally moves based on the needs of its users. In terms of transactions, it is also very fast and can be done instantly. for example, currently, there are quite a lot of natural disasters that occur, with bitcoin, we can make donations quickly, even in a short time. There are so many reasons to love bitcoin.

You are quite right about your reasons why people invest in Bitcoin but most investors now I would say are mostly focused on the speculative aspect of Bitcoin, Investment for the hopeful profits that will be earned and I believe this is why we always see the quick sell-off whenever there is some sort of FUD news. However, I think all of Bitcoin's unique abilities will surely make people interested in Bitcoin especially its decentralized nature for me.

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Quote from: Doan9269 on February 13, 2023, 11:19:17 AM

If you asked me over and over again i will always have answers to provide you with the reasons why am always interested in bitcoin, I don't want to continue anymore with the fiat institutionization, i need to have control over my finance, i need to have a better experience in making transactions and payment with anything to deter me, i need a lesser transaction fee, i also need my privacy to be secured from central authorities or third parties.

I think best part of Bitcoin experience is to have unlimited transaction possibility. You can send money to anyone in world through Blockchain. You never need anything like banks, or anything 3rd party. You can buy something from banned country. It was my favorite feature Bitcoin made real. I also dislike how central banks devaluate Fiat money and decrease wealth of nation. Bitcoin's nature makes it better kind of money. Its production limit is something liberating from chains of fiat money.

nidacoinlove

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There are multiple reasons which makes Bitcoin too appealing for me to invest in it. The greatest I like about is that it is the substitute of Gold in a digital form with all new technology and it's tremendous profit potential.
My experience of making 364$ from holding only 15$ value of BTC. I don't see anything else could benefit me the most it did. However anonymity and easy transfer in a very little time also distinguish it from the traditional payment system that encourages one to fall in love with it.

Old layer

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Well it's nice having you here in the Bitcoin world. I myself also didn't know about Bitcoin until recently, when some of my friends began to benefit from it. At first I wasn't interested because in my country many people uses Bitcoin to fraud others, and so I stayed away. But recently I saw how my friends were jubilating, on how their investment on Bitcoin produce 10 times the value of what they invested and I was amazed and said to my self, I've got to try this. It has been fun though learning more and more about Bitcoins and how it works. I actually started by buying just a small amount and then left it for sometime until this years January, when it rose up spontaneously then I withdrew my profits. I was very happy just the same way my friends were back then. My advice for you is that you should try investing and see what will be the outcome, of course if you have enough patience, you will be benefiting from your investment in no time

NicNacCoin

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Quote from: Raceonsucced on February 05, 2023, 08:14:17 AM

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?

Why are we all so interested in bitcoin, the answer to this question will be different for each person but for me the answer to this question will be my own. I got into Bitcoin around 2017. At that time I didn't know much about Bitcoin and I couldn't find anyone to help me at that time. But now I have learned a lot with the change of era.
One of the main reasons behind investing in bitcoins is the potential for profit, if you invest in bitcoins in a bear market and if you hold your invested bitcoins for a certain period of time, then you are sure to have a chance of getting profits from your invested bitcoins.
Another thing in my case is that I'm a small gambler, I use bitcoins for daily betting. Moreover, Bitcoin is a privacy coin for casinos and betting sites. The privacy you need for all these tasks is only possible with Bitcoin. So many people including me choose Bitcoin for gambling sites.

Moreover, an important advantage is that if you want to trade in Bitcoin, you won't find more advantages than trading in Bitcoin.

Falconer

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Apart from the potential profits that we might be able to generate, the technology behind it is one of the most interesting. I still find it difficult to use bitcoin as a legal means of payment or currency, but that has never dampened my initial intention of supporting bitcoin and using it among fellow users.

Now, the legality hasn't given me has not given me freedom its real-world use cases, but I never know what I'll get in the future especially when it comes to legality. Then from that, the profit potential is the most attractive to look forward to at this time. Bitcoin is an increasingly popular long-term investment for many users and institutions alike, and it has never been guilty of what its creators expected.

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Quote from: Hamza2424 on February 14, 2023, 02:12:03 PM

Currently, I want to invest more in bitcoin because now the recent circumstances in my country are not favorable to hold my savings in the local currency. In my observation, there is no local currency where you can hold your saving without losing the actual value. So now the condition is as worse in the most volatile market I am feeling safer as compared to the Local currency. There are many reasons behind this, but for now, I am planning to start DCA with my saving.

Hope so now Op is clear with my intentions with bitcoin. I am sure of my decision, as bitcoin is the true financial freedom, and from my calculations if after the month of FEB ends well without any negative development then at the end of Q1 I am hoping to book a good profit from my current investment decision.

There is no investment strategy as effective as DCA, I support your decision, but I need to remind you, you need to make sure that the savings, you do not need it in the future or for emergencies. It would be unwise to use all of your savings to invest without having a backup plan. All fiat currencies are depreciating, but compared to bitcoin's short-term volatility, it's insignificant. In 1 to 2 months, fiat can't lose 20-30% of its value, but with bitcoin, it's normal, so think twice when deciding to invest all your savings in bitcoin.

jokers10

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Quote from: Hamza2424 on February 14, 2023, 02:12:03 PM

Currently, I want to invest more in bitcoin because now the recent circumstances in my country are not favorable to hold my savings in the local currency. In my observation, there is no local currency where you can hold your saving without losing the actual value. So now the condition is as worse in the most volatile market I am feeling safer as compared to the Local currency. There are many reasons behind this, but for now, I am planning to start DCA with my saving.
...

I'd say it was one of the main reasons Satoshi invented bitcoin: modern economy is based on inflation so if you hold your savings you lose all the time, more or less. If the gov in your country is less skilled or much corrupted you lose more, but even if your country has good gov you'll lose anyway, just less. So deflationary asset is something really alternative to modern economy. And it is really interesting especially for countries which economy is not developed enough.

Hamza2424

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Currently, I want to invest more in bitcoin because now the recent circumstances in my country are not favorable to hold my savings in the local currency. In my observation, there is no local currency where you can hold your saving without losing the actual value. So now the condition is as worse in the most volatile market I am feeling safer as compared to the Local currency. There are many reasons behind this, but for now, I am planning to start DCA with my saving.

Hope so now Op is clear with my intentions with bitcoin. I am sure of my decision, as bitcoin is the true financial freedom, and from my calculations if after the month of FEB ends well without any negative development then at the end of Q1 I am hoping to book a good profit from my current investment decision.

Inwestour

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Quote from: Doan9269 on February 13, 2023, 11:19:17 AM

If you asked me over and over again i will always have answers to provide you with the reasons why am always interested in bitcoin, I don't want to continue anymore with the fiat institutionization, i need to have control over my finance, i need to have a better experience in making transactions and payment with anything to deter me, i need a lesser transaction fee, i also need my privacy to be secured from central authorities or third parties.

But you don’t use bitcoin every day, so far you can’t buy bread for bitcoin in a store or pay for transport fares. Apparently this is what you would like to achieve in the future, since most of what you have listed is impossible in everyday life.

You can find shops that sell things for bitcoins, and the commissions are not that great, but you still need to try to make it happen.

For me, bitcoin is an investment in the future, I hope that the day will come when I can become financially independent, this is probably one of my main goals, and we have already talked about all advantages of bitcoin more than once.

Cryptodebjoe

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The 2 major reasons why im interested in bitcoin is the profit i have a friend who started crypto business as far back as 2011 and he doesnt do any circular job like i do but he pays his rent buys a car and lives comfortably so i got interested last year in one of his seminars to join this forum to learn more another advantage is fiat decentralizaton that enables financial transactions to be carried out with ease.

Outhue

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Anyone that talks less about how they can double their money investing in Bitcoin is a liar, the first main reason why we all invest in Bitcoin is the add up in value when you hold your Bitcoin, every other reason comes later, but making more money is the first.

The second reason is the privacy part, the escapade from total control of the government.

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Quote from: Doan9269 on February 13, 2023, 11:19:17 AM

If you asked me over and over again i will always have answers to provide you with the reasons why am always interested in bitcoin, I don't want to continue anymore with the fiat institutionization, i need to have control over my finance, i need to have a better experience in making transactions and payment with anything to deter me, i need a lesser transaction fee, i also need my privacy to be secured from central authorities or third parties.

As what you said, you are interested in bitcoin only because you are tired of using fiat for your daily payments and privacy. I seriously doubt what you are saying because I don't see you talking about profit when investing in bitcoin while I am sure that 99.99% of people are interested in profit first. Are you really only interested in bitcoin's utility and not profit? If that is true, I would like to say that you are the first case I met when investing in bitcoin with no need for profit.

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Quote from: Raceonsucced on February 05, 2023, 08:14:17 AM

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?

Every individual has a different interest in bitcoin, some people are interested maybe because bitcoin is one of the proven assets capable of providing large returns, especially for long-term holders and some are interested because bitcoin is the only Cryptocurrency that is fully decentralized and offers freedom to its finances without third party interference, apart from that there are still many advantages offered by bitcoin so that many people are interested in adopting bitcoin, for example, such as being easy to use, having fast transactions and having sophisticated technology running behind it.

yazher

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The thing I am most interested in about bitcoin is the idea of its creator to make it one of the world's currencies where you are not depending on any banks to keep your money rather you have full control and you have it whenever you need it. If this had only been realized by most of people in the world, they would have recommended it to their families and friends. If only there weren't any people who continue to discriminate or against its original objective, we might not use the banks right now. but because the banks don't want to be bankrupt themselves, they offer payment to promote hatred against bitcoins and any other cryptocurrency related matters.

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Quote from: Doan9269 on February 13, 2023, 11:19:17 AM

If you asked me over and over again i will always have answers to provide you with the reasons why am always interested in bitcoin, I don't want to continue anymore with the fiat institutionization, i need to have control over my finance, i need to have a better experience in making transactions and payment with anything to deter me, i need a lesser transaction fee, i also need my privacy to be secured from central authorities or third parties.

I feel thats a pretty much every reason one could be interested in bitcoin. Well for as a late comer into the crypto world am pretty much interested in bitcoin as it can be used as a means of future investments. Just imagine if i had found this forum before now and had all this vast knowledge i acquired from the forum, i bet i would have been a bitcoin millionaire by now. Those who had this opportunity were truly blessed and secondly bitcoin have led many people to financial independency so i there are so many for us to be interested in bitcoin. I bet with time coming we be having a full decentralized financial system all the world and its a matter of currency evolution.
-from barter system
-using of cowries
-using of metals
-paper money
-digital money
-cryptocurrency(bitcoin)
Although crypto is digital but I had to it put differently because of its uniqueness

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Quote from: ilovealtcoins on February 13, 2023, 04:40:39 AM

We choose bitcoin because the returns it offers are too great, and we can't escape the temptation. If I were a millionaire, I would still choose gold over bitcoin, when I already have a lot of money, I don't need to risk investing in a risky asset like bitcoin. I still believe that profit is what we are all looking for with bitcoin and I don't want to lie about it.

Well no, it can be correct for many but definitely not for all: earn on bitcoin would be impossible if it hadn't some other benefits which attracted people much earlier than it got it's value. It was insane to sell pizza for some coins you can mint on your own PC: why? It was not as popular as now, but in those times it already was bitcoin and that's why some people already seen it's benefits and started using it. Nowadays many people still understand that bitcoin is not only about trading or investing, it is a representative of another type of finance, an alternative to modern system.

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