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.
I love that one, specially if no one knows about how many bitcoin or altcoins that you've had already. This will be the back-up plan on your life and possible can named as "the comeback" of course. That will be a great solution when disaster come. But hopefully, you divide or separate them to avoid a full loss from scamming or hacking. Well posted folks!
Topic: Why I am buying bitcoins - and why I am keeping them. - page 13. (Read 43120 times)
It's a natural desire when you want to invest and saving for. I think If you want to make a profit within a short time period then you can choose the blockchain system for this purpose. on the other hand, If you want to make a profit for a long time period then you can depend on the Bitcoin saving, I may assure you that you will get a handsome amount in the future for sure.
And don't forget that high trust here is really necessary so that we don't feel hesitant to hold it or stay on what we are trying to do with bitcoin. Whatever the purpose is certainly beneficial if we succeed in understanding everything related to it to everything that can affect it till on its strengths too. 
It's a natural desire when you want to invest and saving for. I think If you want to make a profit within a short time period then you can choose the blockchain system for this purpose. on the other hand, If you want to make a profit for a long time period then you can depend on the Bitcoin saving, I may assure you that you will get a handsome amount in the future for sure.
The advantages of Bitcoin are pretty much talked about and acknowledged. However, investing in Bitcoin is risky. You can lose all the money in your wallet by hackers, keep your password and key safe 
All those investors who are buying the bitcoins are only doing it because of the reason that they exactly know the worth of the bitcoin and the way this crypto coin can give them a chance of living a life they dream for. Moreover, holding of the bitcoins gives you a guarantee that you will be making more money as the market value of bitcoins goes up most of the time.
Trickyt57 if I could give merit to you I would (sadily I cannot 
!)
You do bring up some valid points around all of this - however sometimes there are laws in place that might still come after your digital assets though.
There is always still the risk of hackers and advances in technology. I guess in terms of estates and wills - that is something one would have to look at too...
Also regardless the Bitcoin is risky and I think it will remain that way it seems.
!)You do bring up some valid points around all of this - however sometimes there are laws in place that might still come after your digital assets though.
There is always still the risk of hackers and advances in technology. I guess in terms of estates and wills - that is something one would have to look at too...
Also regardless the Bitcoin is risky and I think it will remain that way it seems.
The advantages of Bitcoin are very obvious, but it is now facing difficulties. Most investors only use Bitcoin to earn the difference, which is commercializing Bitcoin!
i think that the only advantage that the people want to get from bitcoin is to increase their assets. They know that bitcoin price has too much potential and it will surely increase in near future therefore they are trying to buy bitcoin in low price and then hold it for some time so that its price increase too much and then give them a very good profit. 
The advantages of Bitcoin are very obvious, but it is now facing difficulties. Most investors only use Bitcoin to earn the difference, which is commercializing Bitcoin!
i think that the only advantage that the people want to get from bitcoin is to increase their assets. They know that bitcoin price has too much potential and it will surely increase in near future therefore they are trying to buy bitcoin in low price and then hold it for some time so that its price increase too much and then give them a very good profit. 
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.
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.
But, the biggest problem will be if you die, imagine that you have 100 btc and you die, how your wife and children will be able to have access to those 100 btc? this is the great barrier that we can find in bitcoin. If on the one hand you give your private keys to your wife or children, you risk being robbed and if on the other hand you do not tell your wife or your children that you have 100 btc, then you can let your precious children and woman suffer in this cruel world.
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.
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 my country it is forbidden to walk with $ 3000 in your pocket, you can be arrested if it is found with that amount of money and as for gold. well if the person walking with large bars of gold can also be arrested if you do not have documents. In that part bitcoin becomes more advantageous.
Indeed people should consider buying bitcoin while they still can because the price is pretty much unpredictable imagine from nothing in 2009 and now it has reached $7000 with it's crazy volatility no one expect that bitcoin would come this far and be used by commerce and e-commerce globally and invested by institutional investors.
Keeping those bitcoins for 10 years are more, will be a very good idea.
One of my plan as well is to keep 1 bitcoin for more than 10 years. This idea wasn't totally mine but I have read this suggestion from someone here in the forum.It can be our retirement plan or it can also be passed to our children as we grow older.
We're heading to another halving 2 years from now and that can be another increasing trend for bitcoin, remember the effect that took after a couple of months.
I am buying bitcoin because I want to used it for my trading and I keep some of them for my hodling because I know that in the future that the bitcoin will be having a good price and it will give you a big return of investment. The bitcoin is good for trading and good for hodling cause it has the highest volume and highest price of the coin in the market. No other altcoins can beat the value of the bitcoin that is why when the price of the bitcoin pump and dump it affect the price in the market.
Currently, according to forecast coin rates, the fever continues to occur as bears are dominating market. No one knows how low price may be, but one thing is sure hundred percent bitcoin will last forever, never goes away, so everyone's job is just Hold.
Yeah, even if we hit the real bottom for sure bitcoin will bounce back again. Imagine this technology in the future, where a lot of countries fully accept cryptocurrency, for sure its value will increase more. You are doing a good decision of buying and holding with bitcoin. 
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.
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.
Yes it is more important thing,the quantity of bitcoin is very much limited when comparing to the world population so if you can have some bitcoins and in few more years the real value of bitcoin will evolve at that time the early investors will get more benefits.Even now the price of bitcoin is very expensive when it was used by very small community of people and let's imagine the value when whole world using it,you will become a millionaire even if you hold few bitcoins.
Currently, according to forecast coin rates, the fever continues to occur as bears are dominating market. No one knows how low price may be, but one thing is sure hundred percent bitcoin will last forever, never goes away, so everyone's job is just Hold.
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.
Will not be complete if you are not talking about the current disadvantages of bitcoin: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.
Bitcoin can not inherit, when you lose if your family does not know your password will never get your bitcoin. And that would look like the account died and that bitcoin would take forever
Lack of something called privacy, when someone has your wallet address. They can go to your address and see your balance.
When you move the wrong bitcoin to another address you will not be able to get it back
When you lose your pass or forget it (when you get older or have problems) you have no way of getting back your pass.
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.
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.
Yes it is more important thing,the quantity of bitcoin is very much limited when comparing to the world population so if you can have some bitcoins and in few more years the real value of bitcoin will evolve at that time the early investors will get more benefits.Even now the price of bitcoin is very expensive when it was used by very small community of people and let's imagine the value when whole world using it,you will become a millionaire even if you hold few bitcoins.
Why do I buy bitcoins-and why I keep them. actually I own still qualifies as a new this, about bitcoin and so forth, but I think by buying bitcoin Moreover we buy at current low prices are very good and could take a profit when we sell it at a time when the price of bitcoin high in the online market, we also have to take care of her because of the bitcoin also includes money although digital form but that we can swap into the currency as we want. Therefore if the price goes down again quickly bitkoin we bought it if it can be as much as the number because it could be an investment or savings as well.
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.
Great post by the OP, I love the point about exclusivity and the amount if millionaires.
Supply and demand will be a big factor in the future.
I would hazard a guess that the bitcoin whitepaper is grossly misunderstood or ignored
by a lot of people. All of the points made by the OP are exactly why I have bitcoin.
These points are the basics and fundamentals behind bitcoin.
This is a beautiful post, buying and holding of bitcoin is a good idea if sustainable. This goes to show the positives and advantages of the bitcoin. Not forgetting the part of not much people knowing exactly how much you are worth when you keep btc. Makes you hidden sort of.
Happy to see supports from the people like you over bitcoin. I see the Bitcoin price changes from the past three all possibilities shows bitcoin seems go bigger in the market. Henceforth we do not worry to invest on bitcoin.
Whatever the marketplace value don't worry about it and just go to invest. This is the advice I would like to give for all the people.
Excellent post! This is a very valid argument for the merits of bitcoin and the value it has in terms of usage.
It's great that buying bitcoin is becoming more accessible. That also means that it is becoming more easily monitored, however. Easier access for you means easier access for them. So if it's something that you're trying to avoid being noticed for, extra precautions need to be taken of course.
The thing that amazes me about bitcoin now is that you can literally walk into a shop with cash in hand to purchase it. Or you can meet a fellow from localbitcoins who will take your cash and send you coins. It's about as anonymous as it gets. Or is it? Could these people be working for the tax authorities?
All those who are looking for investing of their money prefer to make an investment at a place which can then help them in having more money as more profit will then help them in having a chance to live a better life. There are investors who are not only investing in bitcoin but they are also holding most of their coins as this will then help them in having some huge profit after some years. It's great that buying bitcoin is becoming more accessible. That also means that it is becoming more easily monitored, however. Easier access for you means easier access for them. So if it's something that you're trying to avoid being noticed for, extra precautions need to be taken of course.
The thing that amazes me about bitcoin now is that you can literally walk into a shop with cash in hand to purchase it. Or you can meet a fellow from localbitcoins who will take your cash and send you coins. It's about as anonymous as it gets. Or is it? Could these people be working for the tax authorities?
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