Why Bitcoin will always remain the best choice

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Quote from: Gladitorcomeback on October 06, 2022, 09:43:36 PM

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That's true. Many of us are having frustration during bearish season because of the price of crypto but if we look into its positive side, it's actually a chance for us to buy (this is only for investors who believe in Bitcoin and its future). Bear market is a time to accumulate since we'll never know when might the market turns bullish again.

Actually there is big role of YouTubers and other influencers to make panic. When newbie hear that Bitcoin will further down and All market will crash there is no way for them except panic sell. In bear market it's better to make good shopping and forget assets for three years at least

When I was a newbie I also experienced panic when I saw the price of drop, not only 2 or 3 percent but more than 10% per day so I thought that this was the last chance to be able to sell before death, the newbie would think that bitcoin would end because of drop and now we have to take a lot of lessons when the market is red, it's better to keep buying.

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Quote from: Paul Pogba on October 04, 2022, 09:18:16 AM

Quote from: Gladitorcomeback on October 04, 2022, 05:51:29 AM

For investment, yes offcourse BTC is best option because bif volatility but for spending in daily use I like only my own country currency for easy acceptable everywhere

Almost all big investors will always make bitcoin as the main choice, this is because of the popularity of bitcoin and the many developers who continue to actively develop bitcoin to be better and of course will make the need or demand for bitcoin continue to increase.

Bitcoin is the cryptomarket's most trusted and hard security complete Blockchain network. The reason it is most popular is because it is reliable. And Bitcoin is mostly used in big companies. Bitcoin is used for most money transactions. And everyone likes Bitcoin because it never cheats people.

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Bitcoin is the main choice of many investors because it feels safer than Altcoins, Bitcoin fluctuations are better and safer so that storing assets in Bitcoin are very good, even though they are stable coins but this does not make bitcoin abandoned.

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Quote from: Mario Yamasaki on September 26, 2022, 07:57:06 AM

Bitcoin is always the main choice of investors to put money, this is because Bitcoin is the most widely used cryptocurrencies for trading or transactions directly, even though I have met ATMs with the Bitcoin logo a few years ago.

There were already Bitcoin ATMs in some countries and I must say that they're all lucky because they can withdraw their funds physically without any hassle. Bitcoin's innovation never fails to impress its users no wonder why investors always prefer buying it over other coins. Bitcoin has always been multifunctional and when it comes to trust rate, it really has an advantage because it has proven to us how it could reach a good price.

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Quote from: bitgov on September 26, 2022, 03:01:54 PM

Bitcoin will remain as the best choice for the people because bitcoin has passed the test of the time.
People trust bitcoin more than any other investment even the kids know much about crypto and the future of crypto is bright very bright indeed.

What children do you mean? Because what I see now, there are children with a certain age category or age who know about cryptocurrencies and Bitcoin at this time. Because if the children are still in elementary school, I don't think they know anything about cryptocurrencies and Bitcoin because basically they (the kids) haven't had the time to know everything related to cryptocurrencies and Bitcoin.

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Bitcoin will certainly survive the King of Cryptocurrencies, the biggest factor that makes Bitcoin become king because of the support of the most powerful and many developers, moreover there are already many countries that store assets in Bitcoin so that it will be the first choice of anyone.

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Quote from: Bitstar_coin on September 26, 2022, 01:26:25 PM

Quote from: ejd59005 on September 25, 2022, 06:13:03 PM

I believe it will be. Years ago, people would laugh at you when you talked about investing in bitcoin. Now most people are disappointed they missed the boat and called it a scam.

Crypto is still so new and most people who know anything (even the tiniest) bit about crypto, may not 4 about Doge, or Shiba, but they def know about bitcoin. That gives Bitcoin a little more credibility and I believe that credibility will keep bitcoin in the forefront. Especially while the crypto space is growing and people dip their feet into crypto for the first time.

Especially with the way inflation is making fiat to lose value daily, people are getting tired of such way of leaving. Fiat has really lost value so much that you spend more just buy few items.

Btc on the other hand has sustainable value both in terms of fiat and as just bitcoin. Meaning 1BTC will remain so no matter what.
Like I have already mentioned severally, the price alone is not what makes btc a better choice, it is everything encompassing it that's it better.

Bitcoin will remain as the best choice for the people because bitcoin has passed the test of the time.
People trust bitcoin more than any other investment even the kids know much about crypto and the future of crypto is bright very bright indeed.

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Quote from: xzy887 on September 26, 2022, 10:53:01 AM

The bitcoin the reason for always being the best is because of the increase in usage levels. Bitcoin is the easiest and most secure means of transaction in this modern civilization. And now most major countries do transactions through Bitcoin. Due to which Bitcoin is becoming more trusted and better. And one of the reasons why Bitcoin is the best is the developers. They make it easy to use Bitcoin. Due to which people have got more interest to trade in Bitcoin. And that's why everyone believes that Bitcoin is always the best for all cryptocurrency.

Bitcoin will always remain the best choice because people have seen their family and friends gaining benefits out of it..
That is one of the reasons bitcoin in always a best choice and that is why people are running after the coins.

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This is because Bitcoin is Cryptocurrencies with the largest number of communities, Altcoins find it difficult to pursue Bitcoin because Bitcoin has run fast, this is because the number of developers who continue to innovate to present so that bitcoin is easier to use anyone.

Bitcoin's benefits because it becomes the first and many large companies, especially mining and exchanges companies that always make a favorite bitcoin, will be a loss if Bitcoin loses popularity so that bitcoin will continue to be maintained as long as cryptocurrencies are still valuable.

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Quote

That's true. Many of us are having frustration during bearish season because of the price of crypto but if we look into its positive side, it's actually a chance for us to buy (this is only for investors who believe in Bitcoin and its future). Bear market is a time to accumulate since we'll never know when might the market turns bullish again.

Actually there is big role of YouTubers and other influencers to make panic. When newbie hear that Bitcoin will further down and All market will crash there is no way for them except panic sell. In bear market it's better to make good shopping and forget assets for three years at least

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Quote from: Gladitorcomeback on October 04, 2022, 05:51:29 AM

For investment, yes offcourse BTC is best option because bif volatility but for spending in daily use I like only my own country currency for easy acceptable everywhere

One of the reason why we cant use Bitcoin as currency for daily use is, it's not widely accepted yet by small merchants, most of them are not even aware yet of its existence. But despite this Bitcoin is still way better, unlike fiat no one is running it and you have an option if you want to use it as currency or take advantage its volatility.

Quote from: Abiky on October 06, 2022, 08:15:06 PM

Bitcoin has been known to reach a new All-time-high in price after every bear market, so I'd suggest you accumulate as much coins as you can before everything goes back up again. Just my thoughts Grin

That's true. Many of us are having frustration during bearish season because of the price of crypto but if we look into its positive side, it's actually a chance for us to buy (this is only for investors who believe in Bitcoin and its future). Bear market is a time to accumulate since we'll never know when might the market turns bullish again.

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Quote from: Bitstar_coin on October 03, 2022, 12:17:51 AM

They will in time or if not sooner judging by the rate at which Fiat is losing value. My local currency is so valueless against the usd that prices of commodities are high, many minimum income earners are struggling to buy consumables. The inflation rate as at August is 20.52% according to an online source, and the situation is not anywhere near better.

This dwindling situation of fiat will expose many locals to btc and how they can take advantage of it, even though the government will fight to discourage people from using btc as a better choice and alternative, the hard situation will make it happen regardless of what the government authorised.

Now that's a very high inflation rate. I don't know if that could be classified as "hyperinflation", but it's certainly not a good picture for the economy within your country/region. Central banks around the world are now trying to fix everything by raising interest rates. This will make local currencies stronger, but it will severely slow down the economy. Many experts are saying we're heading into a recession that's going to last for quite a long time.

When inflation strikes, Bitcoin will be there to save the day. El Salvador and the Central African Republic already adopted BTC as legal tender, so it should only be a matter of time before other countries do the same. Who knows if governments peg the value of their currencies against Bitcoin? If that happens, then "hyperbitcoinization" (also known as the Bitcoin Standard) will be fully realized. By accumulating BTC, you will increase your chances of becoming rich in the future. Bitcoin has been known to reach a new All-time-high in price after every bear market, so I'd suggest you accumulate as much coins as you can before everything goes back up again. Just my thoughts Grin

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Quote from: Gladitorcomeback on October 04, 2022, 05:51:29 AM

For investment, yes offcourse BTC is best option because bif volatility but for spending in daily use I like only my own country currency for easy acceptable everywhere

Almost all big investors will always make bitcoin as the main choice, this is because of the popularity of bitcoin and the many developers who continue to actively develop bitcoin to be better and of course will make the need or demand for bitcoin continue to increase.

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For investment, yes offcourse BTC is best option because bif volatility but for spending in daily use I like only my own country currency for easy acceptable everywhere

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Bitcoin is the first choice because people think that the potential for cryptocurrencies is very dependent on bitcoin, especially more and more countries legalize bitcoin so that one day bitcoin will be more expensive and difficult to find.

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Bitcoin is indeed important if we talk about freedom without being controlled by the center. bitcoin embodies that freedom. with a non-centralized system. and that's what makes bitcoin important. but gold and fiat also have their own specialties.

then I treat Bitcoin as my investment Asset.
gold as my savings.
and fiat as my daily means of payment.
because fiat is not suitable for savings, let alone investment. because its value continues to weaken from time to time.
in contrast to gold which is stable and even continues to increase in value even though it is slow. and bitcoin is superior for investment because as we know bitcoin can always print new ATH every time the bullrun market comes. but invest appropriately and don't overdo it. because in investing we should not put our assets in one investment. I myself invest in bitcoin (for digital asset investment) and property (for physical investment).

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Quote from: Abiky on October 02, 2022, 07:21:08 PM

I think more people will embrace Bitcoin as Fiat falls to a point where there's no room for recovery. El Salvador became the first country to adopt Bitcoin as legal tender, so it should only be a matter of time before other countries do the same. Who knows if Bitcoin ends up beating Fiat for good? Just my opinion

They will in time or if not sooner judging by the rate at which Fiat is losing value. My local currency is so valueless against the usd that prices of commodities are high, many minimum income earners are struggling to buy consumables. The inflation rate as at August is 20.52% according to an online source, and the situation is not anywhere near better.

This dwindling situation of fiat will expose many locals to btc and how they can take advantage of it, even though the government will fight to discourage people from using btc as a better choice and alternative, the hard situation will make it happen regardless of what the government authorised.

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Quote from: Bitstar_coin on September 26, 2022, 01:26:25 PM

Especially with the way inflation is making fiat to lose value daily, people are getting tired of such way of leaving. Fiat has really lost value so much that you spend more just buy few items.

Btc on the other hand has sustainable value both in terms of fiat and as just bitcoin. Meaning 1BTC will remain so no matter what.
Like I have already mentioned severally, the price alone is not what makes btc a better choice, it is everything encompassing it that's it better.

Fiat currencies have lost a large portion of their value due to rising inflation rates. The COVID-19 pandemic, constant government spending, and the Russia-Ukraine crisis have affected the global economy at a large scale. Bitcoin may've lost its value in Fiat terms, but its supply has remained unchanged. It's still a scarce and valuable asset which has retained its purchasing power over time. Compared to other alternatives, Bitcoin is the best performing asset in the world.

I think more people will embrace Bitcoin as Fiat falls to a point where there's no room for recovery. El Salvador became the first country to adopt Bitcoin as legal tender, so it should only be a matter of time before other countries do the same. Who knows if Bitcoin ends up beating Fiat for good? Just my opinion

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Quote from: ejd59005 on September 25, 2022, 06:13:03 PM

I believe it will be. Years ago, people would laugh at you when you talked about investing in bitcoin. Now most people are disappointed they missed the boat and called it a scam.

Crypto is still so new and most people who know anything (even the tiniest) bit about crypto, may not 4 about Doge, or Shiba, but they def know about bitcoin. That gives Bitcoin a little more credibility and I believe that credibility will keep bitcoin in the forefront. Especially while the crypto space is growing and people dip their feet into crypto for the first time.

Especially with the way inflation is making fiat to lose value daily, people are getting tired of such way of leaving. Fiat has really lost value so much that you spend more just buy few items.

Btc on the other hand has sustainable value both in terms of fiat and as just bitcoin. Meaning 1BTC will remain so no matter what.
Like I have already mentioned severally, the price alone is not what makes btc a better choice, it is everything encompassing it that's it better.

xzy887

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The bitcoin the reason for always being the best is because of the increase in usage levels. Bitcoin is the easiest and most secure means of transaction in this modern civilization. And now most major countries do transactions through Bitcoin. Due to which Bitcoin is becoming more trusted and better. And one of the reasons why Bitcoin is the best is the developers. They make it easy to use Bitcoin. Due to which people have got more interest to trade in Bitcoin. And that's why everyone believes that Bitcoin is always the best for all cryptocurrency.

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