Good thought there.
Sincerely, for me, it is the opportunity to be part of this revolution.
Not everyone will get to own it. Though what i have now is small. I'm more into other blockchains but i have decided not to go lower in my BTC holdings.
I can only hold more.
Surely, it'd yield more value but i would have money from other sources. it is not my retirement plan.
Topic: Why I am buying bitcoins - and why I am keeping them. - page 7. (Read 43101 times)
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.
This is what I call financial freedom. Bitcoin provides financial freedom to anyone no matter where you find yourself in this world. If people really understand this financial freedom, they will not hesitate to join the bitcoin ecosystem and quickly adopt this system in their financial businesses and transactions. There are no limitation in the bitcoin space, you decide the amount of funds you want to send at any point in time.
My own Bitcoin is also a good and safe way to save my assets, and that is also a good way to make a profit, because the price of bitcoin in the future will also be higher than the price in 2019
There are no rules that require bitcoin to be on HODL, because the purpose of buying bitcoin is different, some people buy it for trade, investment or payment transactions. So, everything is the willingness of the bitcoin owner.Indeed, bitcoin on HODL and waiting for prices to rise is one good investment technique, but it's less challenging than the traded bitcoin. Because bitcoin trading is one of the circuits of money that happens 24 hours without stopping, so there is no limit when to start or when it will end.
Bitcoins is a very valuable digital coin in crypto world with a bright future,so why not buy bitcoin? If you have bitcoin ,you have money out of a bank. You have a full control with your bitcoin. You can use it and keep it by yourself. You have a full freedom what you want to do with it. Also in terms of making transactions,it's a hassle free. Also at this moment adoption of cryptocurrency keep increasing. There is no reason why not keep on buying bitcoins. It is the best investment.
Please keep in mind that any investment is risk.
You can't predict what may happen with bitcoin in the future.
It can be good investment but also it can be bad investment.
In my opinion, it's better to earn bitcoin in a free way or for paid work, like programing, translation etc.
In such way, you can keep bitcoin without risk to loose your own money.
If you are interest on cryptocurrency then you have to buy bitcoins for trading, betting, mining, gambling etc. At this time bitcoin is the most valuable & trusted currency to all. All the gambling, mining, trading sites are allow bitcoin & bitcoin is their first priority in all crypto. Bitcoin now capture the all the market places where you go for you must face to bitcoin in this place. That's you buying bitcoin and keeping this.
Every crypto trader has desire to buy and hold bitcoin. Bitcoin can't give us profit if we not hold it, Without holding bitcoin is just a coin, Bitcoin is unique because of its high value, and that's why every internet trader who trading with crypto currency definitely he has bitcoin.
And about myself, i also have bitcoins because i think bitcoin will be gone in highest price and that's why i hold it for my bright future.
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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.
well, when it comes to some extraordinary exchanges and your trading with them it could be quite inconvenient.
especially when it comes to withdrawal - if exchange doesn't like your trading - then they can put some limits for your withdrawal, put restrictions.
I faced such situations several times and it really makes a mess.
I always try to purchase Bitcoin to get a good profit for the future. Bitcoin is seen to be growing very quickly this April and of course this is a good courtesy news. If you purchase a few coins and store it for a few years Then it will help you to be rich. in fact bitcoin and one of them.
the goal of each person is different in buying bitcoin, but the goal is of course an advantage. some people buy bitcoin to take advantage of their functions. but, some people use it to get big profits by holding back in the long run.Thats a fact . what op have said will not always be applicable to anyone because not all have the same goals . some are buying bitcoin because they will be using it for paying or buying . some buy and holds bitcoin as an investment tool and they will insist to hodl for a long time while some only hodling for a shorter time ( e.g doing trades )
I am not buying bitcoins but im only working to earn bitcoins and i dont hodl them . i prefer to sell them so that i can secure their value and then i will save the cash for future use .
Everyone Buying Bitcoin For Future Establishment. Becouse Bitcoin will reign future economy. Including me everyone Buying and keeping Bitcoin for bright future and remove economic crises.
more precisely its not reign the economy but facilitating transactions for economic purposes, be careful that bitcoin is not designed to reign but to help all people who have difficulty putting money because taxation and shipping are subject to high taxes on people. the future of bitcoin is more reliable than any investment The aim is to invest part of our wealth into Bitcoin. Suppose we plant trees and wait for them to bear fruit, that's when we will reap the rewards of what we plant, meaning we will benefit in the future from what we invest now, because the value of Bitcoin will continue to move towards a better one.
Buying bitcoin is an investment with the aim of making as much profit as possible. All bitcoin owners will think the same way, the difference is that there are bitcoin owners who trade on the bitcoin market for daily or HODL for the long term. All of that is a choice.Because the bitcoin trade is very dynamic, not everyone has a strong and easily emotional mentality, eventually losing. But there are also those who are very smart so they get a lot of profits. For those who want passive income, of course save it until the price rises as desired.
Buying Bitcoin is now one of the lucrative investment aside the other benefits it gives to its users. Just a few days i advised a friend to buy some Bitcoin because the price $3.9K. It's not up to a week yet the price of Bitcoin is now $4.9K which is more than $1k profit for him. Aside this, users get the opportunity to buy goods and services at low transaction cost, high transaction speed, user control of transactions etc.
This only shows that Bitcoin is the wisest way to store assets. You have all the control over funds, this is why there is no reason not to buy and hold it. I personally buy and hold because of the same reason you've stated above, it's gives us the freedom from any third trusted party and intervention of anyone even the closest one. Just make sure that when holding, coins are stored in place where you have the full control over private key like Hodler wallet and not wallet exchanges for better safety.
Me too, I am holding and I am buying bitcoin because till now in market of crypto currency I have never seen any other coin worthy and profitable more than bitcoin, ETh is also good but it is always my second option so bitcoin for me is more worthy and more profitable than ETH, for me bitcoin has good potential to surpass any other investment.
a pretty good argument for increasing trust in bitcoin, hopefully this thread will make the bitcoin holders aware that they will continue to believe in this future technology.
Today bitcoin rises, although not too high, at least it can be signs of further increases.
Today bitcoin rises, although not too high, at least it can be signs of further increases.
I hope the rise is not another trap, I would love to see Bitcoin rallies again, breaking it ATH.
I agree with the sentiment of majority of the reply. There is a good reason to keep buying and holding Bitcoin for a long run. We all know it is only 21 million and many were lost due to lost keys, corrupted drives where Bitcoin is installed, etc. The idea of finite supply with unlimited adoption simply shows that Bitcoin has no other way but to go up. So buying and keeping them for future profit is a no brainer.
You need to buy and keep bitcoin as simple as it can help to change your life. It can be an instrument to a better life and to achieve your dreams. As keeping of bitcoin you don't have to worry because it is tax free and no annual fee like credit cards. It is also like a gold because it is good investment and goid as cash because you can use it in a daily transaction and the good thing is you don't have to carry a money or wear gold jewerly as a investment all you need is digital wallet and private keys.
It is beneficial to have bitcoin in any way to want it and then keep for getting profit from it. No matter how much it risks to keep in online wallet but if this digital currency become acceptable every where, many going to attract with it again. Like gold, bitcoin is good to reserve for the future gain.
Good for you to be able to keep up that bitcoins. I guess you need to keep it then for the market has been slowly recovering. The bitcoin market pricr has made a huge increase and now it will going to have a possible another increase in the crypto market.
Good luck on your holdings may you get huge profit on it.
Good luck on your holdings may you get huge profit on it.
You need to buy and keep bitcoin as simple as it can help to change your life. It can be an instrument to a better life and to achieve your dreams. As keeping of bitcoin you don't have to worry because it is tax free and no annual fee like credit cards. It is also like a gold because it is good investment and goid as cash because you can use it in a daily transaction and the good thing is you don't have to carry a money or wear gold jewerly as a investment all you need is digital wallet and private keys.
- The story here is not just buying and holding, bitcoin will change our lives, agree that this can sometimes happen but that is the story in the past, for the present time, we will need strategies and plans, buy the right time and hold in the necessary stages, it will be profitable and make our lives better. The best evidence and results are the present time, when the price of Bitcoin suddenly skyrocketed, if we bought and accumulated bitcoin from previous periods, profit is a huge number, this tool only works well when we know how to manage it
if you buy bitcoin and save it well, you will get a pretty satisfactory result in your life, maybe now in the world of bitcoin or crypto currency there are still many who don't know how to store these bitcoins correctly due to a lot of burglary bitcoin storage, so we must recognize the tricks used by the burglars, so if you buy bitcoin and store it well it will change your life in the future.
nice, I also think so btc free of monthly taxes and even annual expense is only for delivery and exchange is not too big and very light, see the amount of bitcoin is very fun have a limited assets in the world
easy to store, low cost and easy access hence I also choose bitcoin for future assets
This has been a normal argument because bitcoin is treated as asset now and not a currency,i must admit hat i ak one-of those and lucky because just right today i have gain 16% from my holdings and waiting to buyback again later as bitcoin is dropping now.hopefully before the day ends there will be a dump again easy to store, low cost and easy access hence I also choose bitcoin for future assets
Great post of OP. Buying Bitcoins and hold them for the future will most likely be a good choice for you and your family. You can earn financially independency with crypto and especially bitcoins.
The maximum supply of bitcoins will in the coming years be even more important than now, in a few months from now, there will only be 3m bitcoins left to mine, versus fiat where the central banks keep printing money in an ever-increasing speed.
Holding bitcoin for the future of the family is really a good thing. Same as that one more thing that needs to be considered is the risk associated with bitcoin as well other cryptocurrencies. We should have certain amount of fund for our living, and the rest can be used to buy bitcoin and keep hold of it. Because there people who lost everything just on investing on bitcoin as well people who have got turned millionaires investing on bitcoin. The maximum supply of bitcoins will in the coming years be even more important than now, in a few months from now, there will only be 3m bitcoins left to mine, versus fiat where the central banks keep printing money in an ever-increasing speed.
This only shows that Bitcoin is the wisest way to store assets. You have all the control over funds, this is why there is no reason not to buy and hold it. I personally buy and hold because of the same reason you've stated above, it's gives us the freedom from any third trusted party and intervention of anyone even the closest one. Just make sure that when holding, coins are stored in place where you have the full control over private key like Hodler wallet and not wallet exchanges for better safety.
Me too, I am holding and I am buying bitcoin because till now in market of crypto currency I have never seen any other coin worthy and profitable more than bitcoin, ETh is also good but it is always my second option so bitcoin for me is more worthy and more profitable than ETH, for me bitcoin has good potential to surpass any other investment.This only shows that Bitcoin is the wisest way to store assets. You have all the control over funds, this is why there is no reason not to buy and hold it. I personally buy and hold because of the same reason you've stated above, it's gives us the freedom from any third trusted party and intervention of anyone even the closest one. Just make sure that when holding, coins are stored in place where you have the full control over private key like Hodler wallet and not wallet exchanges for better safety.
Me too, I am holding and I am buying bitcoin because till now in market of crypto currency I have never seen any other coin worthy and profitable more than bitcoin, ETh is also good but it is always my second option so bitcoin for me is more worthy and more profitable than ETH, for me bitcoin has good potential to surpass any other investment.Jump to: