Why are you interested in bitcoin? - page 4.

Bazzu

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Quote from: bmwister on February 09, 2023, 07:28:50 AM

Personally, I have several reasons why I am interested in bitcoin in particular:

1) bitcoin is protected from inflation - for this purpose, a limited issue of bitcoin and regular halving, during which the commission to miners is halved, are laid down at the program level;
2) bitcoin transactions can be carried out 24/7/365 in any corner of the world where there is an Internet connection;
3) there are no limits on money transfers in the bitcoin payment system;
4) bitcoin transactions are transparent and secure due to blockchain technology.

So, I wish you success. I hope you will be able to understand cryptocurrencies, in particular bitcoin, and make a lot of money.

Maybe someday you'll share it with me when you remember my answer to your question. Grin

I agree with your good answer, and indeed I personally also think like you, so basically many people are interested in investing in bitcoin because they see the profit factor, and most people predict that the price of bitcoin in the future will be high. although that is just speculation for the future. but there have been many examples of people who have successfully invested in bitcoin and become successful.

and I personally also only speculate for the future that bitcoin in the future will be high in price.
and in my opinion it is better to invest in bitcoin than no investment at all.

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Quote from: Belarge on February 08, 2023, 10:33:18 AM

I'm a new bie too, I don't really know much about Bitcoin, but I think with Bitcoin, you can be financial boyant, I think Bitcoin is the best among other crypto because it has easy accessibility, fast in transactions, it's more private, well secured and have a high level of inflation protection ...

Even that is not comparable if you really see and want to be compared. Bitcoin tiers are already different in this regard.
Everyone who is in bitcoin certainly sees the benefits that will indeed exist for the long term and the decentralization they have introduced has actually brought a real goal to financial freedom so this is indeed something that is feasible.
But on the other hand, when talking about newbies, learning more is very important, especially in this case, it is clear that the risk is very large and always there.

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Quote from: panganib999 on February 09, 2023, 05:56:12 PM

I'd be lying if I say I'm here solely because of the future implications in tech and whatnot. Bitcoin is so much more than your standalone future currency that we can use to trade and commerce no matter how far. Bitcoin as it stands today is one of the most profitable ventures out there and has helped millions of people around the world to gain their financial freedom, myself included. So I owe a lot to bitcoin and have continued to be interested in it for a multitude of reasons. But the primary factor that drives me to stay in this industry is the profitability. There's a lot of things and ventures to profit from here, not just trading.

Quote from: ?? on ??

All you need to know is that Bitcoin is our future.

That is severely useless. OP is out here asking for constructive and informative content. It wouldn't hurt to elaborate on what makes you think bitcoin is the future wouldn't it?

Most of us are here because of the opportunity to make money. It would be a lie if we say that we are here because of the technology and yet we are wearing a signature campaign to earn Bitcoin that can be converted to fiat money.

Saying that it is the potential to earn is the main reason why I am interested in Bitcoin. Aside from that, I also use Bitcoin for my online transactions since I am not comfortable using my bank account to do transactions online.

panganib999

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I'd be lying if I say I'm here solely because of the future implications in tech and whatnot. Bitcoin is so much more than your standalone future currency that we can use to trade and commerce no matter how far. Bitcoin as it stands today is one of the most profitable ventures out there and has helped millions of people around the world to gain their financial freedom, myself included. So I owe a lot to bitcoin and have continued to be interested in it for a multitude of reasons. But the primary factor that drives me to stay in this industry is the profitability. There's a lot of things and ventures to profit from here, not just trading.

Quote from: ?? on ??

All you need to know is that Bitcoin is our future.

That is severely useless. OP is out here asking for constructive and informative content. It wouldn't hurt to elaborate on what makes you think bitcoin is the future wouldn't it?

MiF

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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?

If you have patience and you are willing to wait for a long term investment then bitcoin is good for you, but if you don't have patience then bitcoin is maybe btc is not for you, patience is very important here based on my experienced from year 2016 till present, if you don't have patience you will earn only few profit but if you have patience you will gain or earn big profit. However there are still a lot of way to earn even if your patience is not enough you can do trading or investing altcoins and hold them for a short time.just collect a good altcoins for good.

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Quote from: Belarge on February 08, 2023, 10:33:18 AM

I'm a new bie too, I don't really know much about Bitcoin, but I think with Bitcoin, you can be financial boyant, I think Bitcoin is the best among another crypto because it has easy accessibility, fast in transactions, it's more private, well secured and have a high level of inflation protection ...

You got it all right, all that you mentioned are the basic attributes and characteristics of bitcoin and due to Bitcoin's security, transparency and privacy, a lot of people have adopted bitcoin as their alternative currency that can be used along side their national currencies.
-Bitcoin is an asset with a futuristic tendency to guarantee financial freedom.
-the role of an alternative currency is one of Bitcoin's essential features and being a decentralized currency bitcoin provides some level of privacy due to its nature.

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Quote from: Ahli38 on February 09, 2023, 06:44:17 AM

the reason is of course I expect big profits in the long run. and I like the decentralized that bitcoin has. and well bitcoin has been the answer for me. I also envision a future when more countries adopt bitcoin. or more people adopting bitcoin. because the next generation will definitely be more tied to the digital world, digital money is the best potential in the future. maybe in the future we will feel homesick with the discussions we are having right now.

Well, people are here just for investment and to multiply their money. But as the development continues and many countries had opened their door to Bitcoin, some are buying Bitcoin for other purposes like being used as currency.

- decentralized (tax-free)
- profitable investment ( because of its volatility)
- easy transactions
Most of these things are the reason for being here and it is actually really satisfying that it grows interest in the community and brings people in.

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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?

Some choose BTC because they love it, some does for their future plan, some are here to make money in short time.
Bitcoin lovers use it because they know it's worth. It's decentralized and could be used worldwide. It has no physical form and can't be destroyed if you can keep it safe. Not to mention the freedom it could give to you.

Those who choose for their future plan, they HODL (hold on to your dear life) it, because they know it has so much more room for to grow in the future, and they can make profit from this.

Those who choose for money, they take the advantage of the volatile nature of bitcoin and trade them for profits. Their sole purpose is to make money from bitcoin.

There's a lot more to say, but I think these are the main reason here. BTC could also be used for many other reasons.

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Quote from: Tony116 on February 09, 2023, 04:02:50 AM

If you compare bitcoin to gold or fiat, the benefits of bitcoin are many, but I am like many others here.
...

May be it will be a surprise but if to compare bitcoin, gold and fiat you'll find out that there are different benefits which all three have: you just choose what you prefer most. The majority in the forum chooses bitcoin, we like to have control over our own money and digital nature of an asset. But some others prefer relying on a third party or to have a physical object to own and they can consciously choose another option.

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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?

There are Three reasons for me to choose bitcoin?

Decentralization

Decentralization allows you and anyone to develop the concept of financial independence, because in it there is no authority that can control it, so that full control over security and decision making is also fully up to the users of the system.

Fluctuations

Fluctuations cause people to get big profits, because the price of bitcoin rises and falls under certain conditions, so that when people want to invest they can wait for a decline and sell it when the price rises again. Fluctuations can also bring people to losses, if one does not fully understand bitcoin.

The best asset in the long term and able to maintain value.

For the last point, I don't think it needs to be explained at length, because everyone already knows that bitcoin is the best investment asset that can maintain value, even in recession and inflation.

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Quote from: bmwister on February 09, 2023, 07:28:50 AM

Personally, I have several reasons why I am interested in bitcoin in particular:

1) bitcoin is protected from inflation - for this purpose, a limited issue of bitcoin and regular halving, during which the commission to miners is halved, are laid down at the program level;
2) bitcoin transactions can be carried out 24/7/365 in any corner of the world where there is an Internet connection;
3) there are no limits on money transfers in the bitcoin payment system;
4) bitcoin transactions are transparent and secure due to blockchain technology.

So, I wish you success. I hope you will be able to understand cryptocurrencies, in particular bitcoin, and make a lot of money.

Maybe someday you'll share it with me when you remember my answer to your question. Grin

You can add some useful features like bitcoin, which can give us full control of our assets without intermediaries or help us to remain anonymous from government surveillance, and you didn't mention your main purpose when investing in bitcoin is the profit that bitcoin can bring. I think that is the most special and important reason for us to enter this risky market.

Our world is entering the stage of digitizing everything and I believe bitcoin is the future, bitcoin is inevitable. It is lucky for us that we know bitcoin very early, so don't miss out on this amazing opportunity.

bmwister

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Personally, I have several reasons why I am interested in bitcoin in particular:

1) bitcoin is protected from inflation - for this purpose, a limited issue of bitcoin and regular halving, during which the commission to miners is halved, are laid down at the program level;
2) bitcoin transactions can be carried out 24/7/365 in any corner of the world where there is an Internet connection;
3) there are no limits on money transfers in the bitcoin payment system;
4) bitcoin transactions are transparent and secure due to blockchain technology.

So, I wish you success. I hope you will be able to understand cryptocurrencies, in particular bitcoin, and make a lot of money.

Maybe someday you'll share it with me when you remember my answer to your question. Grin

Ahli38

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the reason is of course I expect big profits in the long run. and I like the decentralized that bitcoin has. and well bitcoin has been the answer for me. I also envision a future when more countries adopt bitcoin. or more people adopting bitcoin. because the next generation will definitely be more tied to the digital world, digital money is the best potential in the future. maybe in the future we will feel homesick with the discussions we are having right now.

Tony116

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Quote from: Raceonsucced on February 09, 2023, 12:20:46 AM

Quote from: crunck on February 05, 2023, 09:57:49 PM

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?

I also want to ask you, why you are interested in bitcoin. I don't want to be hypocritical like the people who always say morality here, I care about bitcoin because I need money, bitcoin can bring me to profit as well as can make me rich, while the other investments can't help me. Because the volatility as well as the sharp rise in the price of bitcoin can make me more money than other asset classes.

Just like the answers of many people here, of course, because it can have many advantages. But indeed, bitcoin is very different from other coins. I think bitcoin is more special.

The first time I got to know bitcoin was because my friend told me. At first I wasn't interested, but over time my friends sometimes always told me about the advantages and benefits of bitcoin. That's where I got interested, and tried to learn more about bitcoin. Not only about the advantages in the field of money, but also other advantages.

But of course the first money advantage.

If you compare bitcoin to gold or fiat, the benefits of bitcoin are many, but I am like many others here. Profit is my main concern when investing in bitcoin, and other benefits like bitcoin give me full control over my assets without 3rd party or being able to make cross border payments is last mind. I'm thinking that if bitcoin becomes stable one day, I don't know if people will still care about it or will find other investments. I doubt it, bitcoin is really good, but if its not profitable many people will leave it.

livingfree

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Quote from: Belarge on February 08, 2023, 10:33:18 AM

I'm a new bie too, I don't really know much about Bitcoin, but I think with Bitcoin, you can be financial boyant, I think Bitcoin is the best among other crypto because it has easy accessibility, fast in transactions, it's more private, well secured and have a high level of inflation protection ...

Bitcoin is certainly the best crypto of all.

But there are attributes that are no doubt can be found in other altcoins but despite that, all of us want to stay in bitcoin and no more debate on its greatness.

The difference might be totally far and huge if the critic is technically depth with those attributes. Anyway, as much as we're interested in bitcoin, we're on the right track by having and holding it. Not just based on technicalities but also look at the historical charts and stuff.

Hyphen(-)

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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?

You are highly welcome and I am sure you are in the right place to learn anything you wanted learning about Bitcoin.

You need to be active and participate in several discussions here because it will help to clear some difficulties you are having related to Bitcoin and Cryptocurrency; moreover, try as much as you can to ask questions because you can learn easily by asking questions because I am sure many forum users here will provide you with a solution.

You can also read about Bitcoin and how it started, the basic knowledge about blockchain, keys, and addresses as well as how Bitcoin transactions are here

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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?

Well, though many I believe would have said all you need to know, but just to add, I would say that the reason why I love bitcoin and I'm so interested to invest in it is because, bitcoin is not just an asset that can be bought and sold for profit, bitcoin also is freedom, freedom from those who call themselves financial authorities, that is like the governments and banks.
Bitcoin is immune to inflation, this simply means that the number of bitcoins in circulation cannot be inflated, like it is normal with traditional fiat currencies like the Dollar, Euro, Pound etc.
With Bitcoin, you are in total control of your money, no permission is needed from any third party to send or receive value through bitcoin.
with bitcoin, we can transfer value to any part of the world really fast and at the best cheapest rate, no more waiting 7 business days to over a month to receive money sent to us from abroad, or for the recipient to confirm receiving money we sent to them, with bitcoin such transactions can be confirmed within seconds or minutes at most - depending on how small or large the transaction fee is.

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Quote from: crunck on February 05, 2023, 09:57:49 PM

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?

I also want to ask you, why you are interested in bitcoin. I don't want to be hypocritical like the people who always say morality here, I care about bitcoin because I need money, bitcoin can bring me to profit as well as can make me rich, while the other investments can't help me. Because the volatility as well as the sharp rise in the price of bitcoin can make me more money than other asset classes.

Just like the answers of many people here, of course, because it can have many advantages. But indeed, bitcoin is very different from other coins. I think bitcoin is more special.

The first time I got to know bitcoin was because my friend told me. At first I wasn't interested, but over time my friends sometimes always told me about the advantages and benefits of bitcoin. That's where I got interested, and tried to learn more about bitcoin. Not only about the advantages in the field of money, but also other advantages.

But of course the first money advantage.

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Quote from: Maestro75 on February 08, 2023, 05:32:12 AM

Nobody likes to waste their time on something unproductive. Anybody that tells you he is interested in bitcoin for the fun of it is not saying the truth. Am in it because of its ability to give me profit. And that is what has attracted many people to it before any other thing. No one invests in what will not bring profit, except disasters happens. Another reason is that paying or transacting with bitcoin makes payment very easy for me.

People had gotten interested in bitcoin through different ways and manner. But you’re right. No one would want to waste their time on anything that isn’t productive. But there are people that initially got interested in bitcoin for the fun of it. And then only later did they realize the potential bitcoin has to offer.
Cause of its value, people saw it as an investment opportunity as something that would give a decent return on investment.
Cause of its anonymity and speed of transfer, people like me also see it as a more efficient and alternative method of payment.

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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?
[/quote

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