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. 
Topic: Why I am buying bitcoins - and why I am keeping them. - page 8. (Read 43132 times)
I think you are a very wise man for buying and keeping them.
No sense in trying to multiply your stack as some choose to do with day trading.
Those who have buy and chosen to save it are those who realize the potential of bitcoin itself who is able to increase high in the future by being patient to make a profit from the buy. In contrast to those who do day trading who are looking for a quick profit that is indeed a daily trade is also very profitable if you have skill in doing so, because not everyone has these skills and they will tend to choose to keep it for the long term. No sense in trying to multiply your stack as some choose to do with day trading.
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.
I am not sure if I understood your reply well but you have to consider several factors on why purchasing bitcoins can be a smart investment move. First, bitcoins are a good store-of-value since its price can be converted to large amounts of cash. Second, its volatility makes it an unique type of investment, which focuses more on short-term than long-term investment. Third, its scarce supply can possibly be an advantage for long-term investment as well.
The price may be very unstable and we are currently on a bearish slump but take this as an advantage for acquiring bitcoins since lots of large investment companies are starting to accept bitcoin as an alternative to their products/services.
Lolzzz that's quite funny how you said that Bitcoin is a good store of value. Well it can be, and that is if you're lucky and able to pull off some smart investment move by investing at the right time. It doesn't really work for everyone, cause there are people that invest their money but ends up losing everything. So, anyone who decides to use Bitcoin to store their value should be very careful about it cause it might not work out the way they expect it.The price may be very unstable and we are currently on a bearish slump but take this as an advantage for acquiring bitcoins since lots of large investment companies are starting to accept bitcoin as an alternative to their products/services.
I'm a bit confused with what you have said here about fiat and gold. How do you see that they are losing value and dropping to zero? Lol, cryptocurrency is the only thing that loses value every time and it does that more than every other asset or currency. Bitcoin and every other cryptocurrency you will see in the market are just highly volatile and if you keep money in them you should also be ready to take the risk that follows ,cause you're either going to lose that money or maybe gain it if you're lucky
I really don't the information all about, in your title is different from your informtation that you said. But if you holding and buying this two coins which is bitcoin and ethereum because that coins is good the more the coin that you invest the more money is good.
You can buy more bitcoin because that coin will recover again the value and you will make more money of it will grow.
You can buy more bitcoin because that coin will recover again the value and you will make more money of it will grow.
I am not sure if I understood your reply well but you have to consider several factors on why purchasing bitcoins can be a smart investment move. First, bitcoins are a good store-of-value since its price can be converted to large amounts of cash. Second, its volatility makes it an unique type of investment, which focuses more on short-term than long-term investment. Third, its scarce supply can possibly be an advantage for long-term investment as well.
The price may be very unstable and we are currently on a bearish slump but take this as an advantage for acquiring bitcoins since lots of large investment companies are starting to accept bitcoin as an alternative to their products/services.
I really don't the information all about, in your title is different from your informtation that you said. But if you holding and buying this two coins which is bitcoin and ethereum because that coins is good the more the coin that you invest the more money is good.
You can buy more bitcoin because that coin will recover again the value and you will make more money of it will grow.
Bitcoin is much better than any other coin, holding bitcoin is really good as it has low price now a day so we can buy and store it for long term, buying Ethereum Is also not bad but if price is affordable then we can buy it, at first priority I try to buy bitcoin only as it gives me lots of profit and money making advantages, so I am buying and keeping bitcoin for my family secured future. You can buy more bitcoin because that coin will recover again the value and you will make more money of it will grow.
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.
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.
With a limited number which is only 21 million bitcoins, this's the main reason which makes the value of bitcoin never be zero, if it's more expensive maybe yes. So, saving it's not a wrong strategy, and as time goes by there may be many changes that will occur in the role of bitcoin.
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.
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.
You're right, man. Because the nature of bitcoin is more independent (decentralized) meaning that anyone and at any time or owners can spend their funds in the form of bitcoin at any time, without anyone banning and regulating it like conventional currencies created by banks.
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.
That's the enormity of bitcoin because he's the only currency that's able to put its users at the main point, especially in controlling their own money. I think the concept of bitcoin's more than enough when compared to fiat currencies.
The OP highlighted how hard it was years back to buy bitcoin due to banking huddles he has to cross and I concur with his idea of buying and hodling bitcoin now which is now possible with ease.
I agreed that bitcoin cannot be frozen of course It will be in my custody as my digital assets while having opportunity to transact them easily without any permission, I belief in the later years ahead bitcoin will become scarce having many hodlers who will prefers hodl to it as assets thus becoming a precious asset.
I agreed that bitcoin cannot be frozen of course It will be in my custody as my digital assets while having opportunity to transact them easily without any permission, I belief in the later years ahead bitcoin will become scarce having many hodlers who will prefers hodl to it as assets thus becoming a precious asset.
Never hesitate to buy bitcoin under any circumstances and most importantly you buy it when the price is still low, and now in my opinion is the right time to buy it and save it to invest in the long run.
and it is useless if you invest in bitcoin in the short term or in a short time, because the movement of bitcoin and all coins is unstable and still in a low price condition and investing in the long term is the most effective choice for now and now, because I believe in the future of bitcoin will rise and all coins will rise also because other coins will depend on the movement of bitcoin, but bitcoin is still the most expensive price among other coins and that is the reason you have to buy bitcoin then hold it to invest
long term and wait for a high price then you sell it.
and it is useless if you invest in bitcoin in the short term or in a short time, because the movement of bitcoin and all coins is unstable and still in a low price condition and investing in the long term is the most effective choice for now and now, because I believe in the future of bitcoin will rise and all coins will rise also because other coins will depend on the movement of bitcoin, but bitcoin is still the most expensive price among other coins and that is the reason you have to buy bitcoin then hold it to invest
long term and wait for a high price then you sell it.
I really don't the information all about, in your title is different from your informtation that you said. But if you holding and buying this two coins which is bitcoin and ethereum because that coins is good the more the coin that you invest the more money is good.
You can buy more bitcoin because that coin will recover again the value and you will make more money of it will grow.
You can buy more bitcoin because that coin will recover again the value and you will make more money of it will grow.
This question is very related this months because we are experiencing bearish. Why I am still buying bitcoin even price continues to fall and why I am keeping them? I still buying bitcoin bitcoins because this is really profitable and it will rise again. Keeping bitcoin is a good example of a wise trader. Holding bitcoin is good especially when price is low and you'd invested it before and you don't want to get loss. Continuously buying bitcoin will help you gain bigger benefits.
Yes most of time my friends also ask me why I am buying when price and market is getting down but still I am buying and holding so isn’t it bad decision, but I never mind and I try to buy bitcoin as I know it has potential to recover and if price is low now today then tomorrow it will be high once again, profit is certain, it gives me future satisfaction, that’s why I buy bitcoin.
This question is very related this months because we are experiencing bearish. Why I am still buying bitcoin even price continues to fall and why I am keeping them? I still buying bitcoin bitcoins because this is really profitable and it will rise again. Keeping bitcoin is a good example of a wise trader. Holding bitcoin is good especially when price is low and you'd invested it before and you don't want to get loss. Continuously buying bitcoin will help you gain bigger benefits.
Yes most of time my friends also ask me why I am buying when price and market is getting down but still I am buying and holding so isn’t it bad decision, but I never mind and I try to buy bitcoin as I know it has potential to recover and if price is low now today then tomorrow it will be high once again, profit is certain, it gives me future satisfaction, that’s why I buy bitcoin. 
Okay, everything was good until you mentioned cash. So what exactly do you think is wrong with cash ?
Your point there made no sense to be sincere. For a currency to lose value is a normal thing, currencies can’t stay stable ,even Bitcoin loses value and is worst than any other in terms of having stability.
Bitcoin is good, but it is not the best overall as you’ seem to crown it the best. And just in case you don’t know, banks can never froze your account for no reason.
Your point there made no sense to be sincere. For a currency to lose value is a normal thing, currencies can’t stay stable ,even Bitcoin loses value and is worst than any other in terms of having stability.
Bitcoin is good, but it is not the best overall as you’ seem to crown it the best. And just in case you don’t know, banks can never froze your account for no reason.
This question is very related this months because we are experiencing bearish. Why I am still buying bitcoin even price continues to fall and why I am keeping them? I still buying bitcoin bitcoins because this is really profitable and it will rise again. Keeping bitcoin is a good example of a wise trader. Holding bitcoin is good especially when price is low and you'd invested it before and you don't want to get loss. Continuously buying bitcoin will help you gain bigger benefits.
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.
I don’t know if this guy is still keeping his Bitcoin till now cause there is a price difference between what he bought then and now. Anyone who bought all this while that price has been down to $6000 is really luck and should keep it. $6000 seems to be the lowest that price will ever be before the next bull run that will take place, although I don’t know when that will happen. December is already approaching and I don’t know if there will be any bull. 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.
I am not buying bitcoin, but because of the bounty rewards which I gained in the bounties, once it has been send into my wallet ERC20 of course I will trade it in the exchange site platform to sell it then, once its has been done it will automatically convert into my bitcoin balance as my profit. Its up to me if what am I gonna do with it, whether I will save the 25% of my earnings then hold in a long term, just simple as that, isn't right?
I am buying bitcoin because I think It is the future currency and I also have big dreams for my future and I think that only bitcoin is the place where I can get huge money and fulfill my dreams. There is no other business in the world which can give me big profit and without any hard work. I signature and bounty campaigns I can earn free bitcoin without any investment.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.
I don’t buy Bitcoin just because I think it will be anything or maybe currency of the future just like some people think. I just see Bitcoin as an investment that grows, so I keep on investing in it no matter what. And some of your points/reasons are good but not all of them. 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.
What do you mean by cash (conventional currencies) are being devalued, like how? Every country has their currency and is all not having the same value. That is why some people would usually buy dollars and keep.
I buy Bitcoins but I don’t keep. I had plans to keep them last year when the price was increasing, but when it dropped from $19k to $17k, I had no other option than to sell everything immediately before it gets to my cost price and I begin to lose everything.
This year I bought a few Bitcoin but the way I’m seeing it I might not be holding it for long cause, unless it becomes stable. I heard that the price will even fall more.
Buying bitcoin right now is probably one of the best things that anyone can do, do not listen to the rumor that say that bitcoin can go even lower because most likely that rumor is false, I know that a lot of people are nervous because of what happened with the crash that we saw the beginning of this year, but now it is almost impossible to see a crash like that occurring now that the price is so low. This year I bought a few Bitcoin but the way I’m seeing it I might not be holding it for long cause, unless it becomes stable. I heard that the price will even fall more.
I am not buying bitcoin, but because of the bounty rewards which I gained in the bounties, once it has been send into my wallet ERC20 of course I will trade it in the exchange site platform to sell it then, once its has been done it will automatically convert into my bitcoin balance as my profit. Its up to me if what am I gonna do with it, whether I will save the 25% of my earnings then hold in a long term, just simple as that, isn't right?
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.
I buy Bitcoins but I don’t keep. I had plans to keep them last year when the price was increasing, but when it dropped from $19k to $17k, I had no other option than to sell everything immediately before it gets to my cost price and I begin to lose everything. 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.
This year I bought a few Bitcoin but the way I’m seeing it I might not be holding it for long cause, unless it becomes stable. I heard that the price will even fall more.
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