I think Bitcoin is an asset of the future. Technology is changing, our future is probably not going to use the cash, crypto will replace all of them and Bitcoin will always be the king of this market, so it's natural to own it.
Yes no doubt that bitcoin is an assets and most of the people are holding bitcoin only for the purposes to make profit from it. But I think that different people may have different reason for that. May be some people are buying and holding bitcoin only for the purpose to use it for online buying and shopping purposes.
Topic: Why I am buying bitcoins - and why I am keeping them. - page 12. (Read 43101 times)
this is one of the best speculation about bitcoin.
thank you
thank you
Several years ago I asked in these forums about how I could buy several hundred thousand dollars worth of bitcoin. It became obvious, back then, that it would be a nearly impossible task. I would have faced sanctions by my bank, I would have moved the price and I would have had to deal with a mysterious Japanese company called MtGox.
In the end, I sadly took no action.
Everything has changed. It is now 5X easier to buy bitcoin. I am now a regular buyer of bitcoins. I don’t care that the price is 10X or 100X what I could have had them for.
So why am I buying now?
Exclusivity
Firstly, there will never be more than 21 million bitcoins. There are more millionaires than that. I like to own something that not every millionaire will be able to own. It’s exclusivity. I own something that has a limited supply, so not everyone can own one, but I’ve got lots of them.
I don’t need to ask permission to spend them
Secondly, I like the fact that bitcoin is “permission-less”. I won’t ever have to ask permission to spend or use my bitcoins - not that I plan to use them. Everything else I own (in the form of financial assets) is in the hands of a bank or a custodian. I can’t spend my money without permission from my bank or credit card company.
Bitcoin can’t be “frozen”
If a business deal goes wrong, if someone sues me, if a future wife divorces me and says “I get everything”, if I am friends with a sanctioned political leader - because you survive by being on the side of those in power, - if, if, if, if....... so many things might go wrong. I could wake up one morning, and find my bank accounts frozen, and my credit cards don’t work. They can’t ever freeze my bitcoin. The code is in my head.
What’s wrong with cash or gold bars?
The most obvious disadvantage with cash is that it is being de-valued all the time. It’s great to own for a year or two, but in the long run it’s going towards zero. Secondly, they change the colour and design of the bank notes every few years. You have a limited time to change old for new. Then, if you are changing more than a small amount, you have to start answering questions and providing documents. Lastly, you can’t cross the border with more than 10’000 dollars or euros in cash without filling in forms, which could lead to another line of questioning.
As for gold, it also is difficult to transport without customs declarations. Gold bars or coins are not easily divisible into smaller sizes.
In the end, I sadly took no action.
Everything has changed. It is now 5X easier to buy bitcoin. I am now a regular buyer of bitcoins. I don’t care that the price is 10X or 100X what I could have had them for.
So why am I buying now?
Exclusivity
Firstly, there will never be more than 21 million bitcoins. There are more millionaires than that. I like to own something that not every millionaire will be able to own. It’s exclusivity. I own something that has a limited supply, so not everyone can own one, but I’ve got lots of them.
I don’t need to ask permission to spend them
Secondly, I like the fact that bitcoin is “permission-less”. I won’t ever have to ask permission to spend or use my bitcoins - not that I plan to use them. Everything else I own (in the form of financial assets) is in the hands of a bank or a custodian. I can’t spend my money without permission from my bank or credit card company.
Bitcoin can’t be “frozen”
If a business deal goes wrong, if someone sues me, if a future wife divorces me and says “I get everything”, if I am friends with a sanctioned political leader - because you survive by being on the side of those in power, - if, if, if, if....... so many things might go wrong. I could wake up one morning, and find my bank accounts frozen, and my credit cards don’t work. They can’t ever freeze my bitcoin. The code is in my head.
What’s wrong with cash or gold bars?
The most obvious disadvantage with cash is that it is being de-valued all the time. It’s great to own for a year or two, but in the long run it’s going towards zero. Secondly, they change the colour and design of the bank notes every few years. You have a limited time to change old for new. Then, if you are changing more than a small amount, you have to start answering questions and providing documents. Lastly, you can’t cross the border with more than 10’000 dollars or euros in cash without filling in forms, which could lead to another line of questioning.
As for gold, it also is difficult to transport without customs declarations. Gold bars or coins are not easily divisible into smaller sizes.
a very complete and interesting discussion of the oldest crypto, bitcoin, with an amount that is almost gone to be mined so that it has a rare value and this will get even more fantastic value. crypto can cross countries or continents without any restrictions and regulations (this is what many countries fear) and if you are a corruptor and spend a lot of your fiat on crypto, can the country investigate and withdraw your crypto?
Me myself is not buying bitcoins because im not an investor or trader but i still do earn bitcoins and i did kept them because i have a better plans for them in the future specifically to sell them in a much higher value .
not only in the means of earning a profit but also to improve my life because im also using my bitcoins to pay someone and to pay my bills instantly without needing to travel far away from my home . bitcoin is really an amazing tool .
I believe you are service provider who I working for bit coin payment mate. As I have invested and waiting to profit alone in the market so buying seems little different for them.
Please check at the good time and invest in the coins according most of the people will looking to buy say bear market and this is the time for it.
I think you have to know your self the purpose and why you buy bitcoin, don't just follow the trend and don't know what you are going to face, you have to ask yourself dude, why do you have to invest in bitcoin, because that is what will be the foundation for you to believe to hold bitcoin for a long time
Bitcoin has existed for many years and has many difficulties with it. It has become a great proof that the strength of Bitcoin's efforts is growing. So it keeps the style in the market. Have the trust of the community and represent the electronic market to trade in all different financial sectors. So people trust and want to keep them long. 
Me myself is not buying bitcoins because im not an investor or trader but i still do earn bitcoins and i did kept them because i have a better plans for them in the future specifically to sell them in a much higher value .
not only in the means of earning a profit but also to improve my life because im also using my bitcoins to pay someone and to pay my bills instantly without needing to travel far away from my home . bitcoin is really an amazing tool .
Bitcoin is the first Crypto to use blockchain technology in the financial sector. Bitcoin's Blockchain records all transactions, can not be repaired, can not be fraudulent, so everyone has absolute trust so Bitcoin automatically gets workers a currency.
Basically no one can intervene in Bitcoin's operation once its network is up and running, even its programmers, even without any government decision. Any change must be agreed by the community. Transaction costs are very fast and cheap because transactions are very simple between the computer and the computer, there are no people in the middle of the transaction as traditional transactions.
Basically no one can intervene in Bitcoin's operation once its network is up and running, even its programmers, even without any government decision. Any change must be agreed by the community. Transaction costs are very fast and cheap because transactions are very simple between the computer and the computer, there are no people in the middle of the transaction as traditional transactions.
Bitcoin, in my opinion is the best cryptocurrency investment.
It is fairly stable (although cryptocurrencies is a very volatile and unpredictable area).
Bitcoin is less prone to wild fluctuations.
It is limited, so only so many people can own it. This drives the price up.
It has a high value and market cap.
It us the most accepted cryptocurrency.
Many reasons to own bitcoin.
It is fairly stable (although cryptocurrencies is a very volatile and unpredictable area).
Bitcoin is less prone to wild fluctuations.
It is limited, so only so many people can own it. This drives the price up.
It has a high value and market cap.
It us the most accepted cryptocurrency.
Many reasons to own bitcoin.
Some of the info in the OP is stuff most of us knew but I did not knew there were more than 21 million millionaires, do you have a source for that? For a long time I have always thought the price of each coin will get very high if it becomes used all over the world, but if this is true a person that buys a single bitcoin and holds it for a very long time could change his life by just getting into the market right now.
Doesn't really need a source yet this is only just a presumption when he do say about 21 million millionaires which he do talk about bitcoin holders and having positive views wont really be that bad but be sure on the amount you have invested aren't the amounts which you do make use on your daily living or on your full force or all in with your life savings. Only invest on the amount that you can able to risk. 
It is now one types of business actually. If you don't keep or don't buy any single piece of BTC , from where you make profit? In the present world there has a great significant of coins like BTC. You can make profit from buying and selling this coin. While it's great that Bitcoin has a limited supply, don't focus too much on that since there will always be enough supply in form of sellers looking to unload coins at prices above their entry points. It allows coins to circulate from person to person without anyone ever going to see a completely exhausted market.
Some of the info in the OP is stuff most of us knew but I did not knew there were more than 21 million millionaires, do you have a source for that? For a long time I have always thought the price of each coin will get very high if it becomes used all over the world, but if this is true a person that buys a single bitcoin and holds it for a very long time could change his life by just getting into the market right now.
bitcoin is relly good for long term invesment, hold untill by the end of the year and you will take big profit
Of course now it is good to hold because price use to rise and it never stop at any point, I am sure one day it will be above your expectation, I have seen a lot of people getting good advantage of buying bitcoin at the lower price as it is right now and it keep on rising since now, I prefer buying at low and hold till it get high so that is the reason why I am with bitcoin and I never stop investing and buying coin.
I think you have to know your self the purpose and why you buy bitcoin, don't just follow the trend and don't know what you are going to face, you have to ask yourself dude, why do you have to invest in bitcoin, because that is what will be the foundation for you to believe to hold bitcoin for a long time
Buying Bitcoin to fit into the new world only uses electronic cash instead of cash, keeping Bitcoin as the value of Bitcoin also depends on its quantity.
Of course it is technological era and all of us are trying to buy more bitcoin to hold, holding is the only way to have better profit and make our future so I support you in this matter, if I will hold my coin so I will be able to get more than this for selling later on, price changes if today you will buy on 1k dollar tomorrow the price will be almost 4k dollar so this is the philosophy of bitcoin investment.
Bitcoin and crytocurrency in general is an industrial revolution of our time , and it is also a store of value and a way of sending and receiving without minding country financial laws , it is a the best thing that has happened to the financial sector in a very long time, I am buying BTc to store value and for trading. And I would advise people to buy too.
Since bitcoin keeps on growing I also believe that buying more bitcoin will helps you to become more successful in the future. This market dumps many times and yet many investors are still coming because they know that bitcoin will be last forever so they try to hold more btc and become a winner in the bull market. 
You’re very wrong by saying that cash is being devalued at all times, that’s totally wrong cause there are different currencies; we have dollar, pounds, euro, yen and a lot of them, and they all can’t be the same value at the same time, there will always be difference in value. So if you want you can make use of a high valued currency in storing your wealth. I am not going to discourage you from using Bitcoin as a way of storage, it’s a matter of choice, so I’m not going to change your mind.
Still I love the reasons you have mentioned why you are buying and saving bitcoins. I guess many people might have enlightened by your reasons. I am believing into only bitcoins even I do hear about lots of other coins performances. In other words if bitcoin will be having higher value then those altcoins also will have better value hence bitcoin must be the core reason and saving it will never let us go down.
Still I love the reasons you have mentioned why you are buying and saving bitcoins. I guess many people might have enlightened by your reasons. I am believing into only bitcoins even I do hear about lots of other coins performances. In other words if bitcoin will be having higher value then those altcoins also will have better value hence bitcoin must be the core reason and saving it will never let us go down.
In fact, you don't need too much validation to explain that Bitcoin is worth investing. You only need to carefully observe the market for three days. You will find that only Bitcoin can guarantee a steady rise or fall.
I am also a bitcoin buyer from the day when bitcoin is available in some online store that I looked up. Many of us buy bitcoin, We know that it can be the future of currency which likely to happen right now because many investors around the world are using it right now. And in some country, it is their alternative currency.
Op teaches us how valuable bitcoin is in the future, he is very confident in the high prices in the future with the growth and spread of bitcoin that continues to occur but the total supply of bitcoin which remains only 21 million, will make bitcoin prices exorbitant in the future, thats why I keep them also 
Exclusivity
Firstly, there will never be more than 21 million bitcoins. There are more millionaires than that. I like to own something that not every millionaire will be able to own. It’s exclusivity. I own something that has a limited supply, so not everyone can own one, but I’ve got lots of them.
The supply of bitcoin is indeed limited, but will you still be sure if anyone will say "after bitcoin has been mined then it will only be garbage?" to trade bitcoin we have to use fees, while the fees will be received by the miners, after the miners have run out of what they mine, can this transaction still work? What if it happens in the future? But with a variety of reasons I also hold it because in the future I also believe that bitcoin will be very valuable as an asset of classic goods. Firstly, there will never be more than 21 million bitcoins. There are more millionaires than that. I like to own something that not every millionaire will be able to own. It’s exclusivity. I own something that has a limited supply, so not everyone can own one, but I’ve got lots of them.
I am also a bitcoin buyer from the day when bitcoin is available in some online store that I looked up. Many of us buy bitcoin, We know that it can be the future of currency which likely to happen right now because many investors around the world are using it right now. And in some country, it is their alternative currency.
Very few people may be buying bitcoin to use it for different purposes, but I think that most of the people have only one reason to buy bitcoin and that is that they are confident that bitcoin investment will give them a good profit. Those people who have bought bitcoin few years before now they have made a good profit from it.Jump to: