You have all the good reasons. But I guess most of the people buy bitcoin with the expectation that bitcoin will rise in value. It is all about profit. I also have the same intention, to make money out of this investment. No doubt that the reasoning is backed by the technology behind bitcoin.
You are buying bitcoin because it is a profitable investment and you can make handsome money if you hold your coins for some time. Other advantage of buying and holding is that you can use your coins anywhere in the world anytime without exchange. You can transfer your coins to the supplier or company form your blockchain wallet. You will feel ease while using your coins. 
Topic: Why I am buying bitcoins - and why I am keeping them. - page 9. (Read 43101 times)
To be honest, buying Bitcoin is the worst way to get to it. With all available possibilities for earning Bitcoin this is something you should choose.
Still, if you have some extra funds that you don't need and can afford to lose, invest it. But don't do that if you don't have some good strategy, both short term and long term and some back up plan.
And remember that best profit you will make on long term basis.
Still, if you have some extra funds that you don't need and can afford to lose, invest it. But don't do that if you don't have some good strategy, both short term and long term and some back up plan.
And remember that best profit you will make on long term basis.
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.
You have quite a good plan, If you continue this for a long term you will benefit from it in future. This is just like those early investors of Bitcoin, if there is anyone of them that had such plan and held their Bitcoin for a long time, maybe for a decade, I know that they will be happy and thanking their stars that they did. But the question is who is ready to do that? LOL, I can’t even do it, I’m into short-term investments and the longest I can hold a coin is one year. 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.
We buy bitcoin now because today, bitcoin is the best investment that we can use and bitcoin can give a big profit in the long-term. And this is why that many of us still keeping bitcoin at the low price like today and they will sell bitcoin when the price can come back to the highest price. It is what I did too, and I don't want to miss something because I know that if I can buy and hold bitcoin, for now, I can make a lot of money too like other people. So, for people who are missing the time to buy bitcoin, maybe this is a good time for you to buy bitcoin before the price increases in the next month so you cannot buy a cheap bitcoin later.
People who invest for the short term perspective buy due to make the best of the short term rise. Those who are long term investors do not worry much about price fall as they will be holding for couple of years and they know that by that time it will give them multiple returns.
Your statement can provide inspiration for many people who have just known bitcoin and are confused about buying bitcoin or not, this bitcoin has a very high risk but you have to realize in the future there will be a lot of technology created and there will be lots of currencies digital and something will certainly be many who develop digital so that it will make digital currencies like bitcoin very useful and useful.
I myself buy bitcoin for a bright future. I think that bitcoin is the only way from which I can make huge profits in less time. no other business in the world can give you such a huge profits in short time. The price these days is not good and that is the reason for my holding and also I want to sell them in the far future when the price is atleast $30000. Till that time I will hold my coins. 
Your statement can provide inspiration for many people who have just known bitcoin and are confused about buying bitcoin or not, this bitcoin has a very high risk but you have to realize in the future there will be a lot of technology created and there will be lots of currencies digital and something will certainly be many who develop digital so that it will make digital currencies like bitcoin very useful and useful.
We buy bitcoin now because today, bitcoin is the best investment that we can use and bitcoin can give a big profit in the long-term. And this is why that many of us still keeping bitcoin at the low price like today and they will sell bitcoin when the price can come back to the highest price. It is what I did too, and I don't want to miss something because I know that if I can buy and hold bitcoin, for now, I can make a lot of money too like other people. So, for people who are missing the time to buy bitcoin, maybe this is a good time for you to buy bitcoin before the price increases in the next month so you cannot buy a cheap bitcoin later.
People who invest for the short term perspective buy due to make the best of the short term rise. Those who are long term investors do not worry much about price fall as they will be holding for couple of years and they know that by that time it will give them multiple returns.
We buy bitcoin now because today, bitcoin is the best investment that we can use and bitcoin can give a big profit in the long-term. And this is why that many of us still keeping bitcoin at the low price like today and they will sell bitcoin when the price can come back to the highest price. It is what I did too, and I don't want to miss something because I know that if I can buy and hold bitcoin, for now, I can make a lot of money too like other people. So, for people who are missing the time to buy bitcoin, maybe this is a good time for you to buy bitcoin before the price increases in the next month so you cannot buy a cheap bitcoin later.
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.
People saying that they are buying and saving Bitcoin just because it has 21 million limit sounds funny to me. Like seriously, what made you believe that Bitcoin is going to finish and that there won’t be any left for you to buy? This is really funny. Even if all 21 million Bitcoins are mind up, there will still be enough for you to buy. 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.
There are selling and buying of Bitcoin everyday and as lots of people continue to buy and sell, the price will also continue to increase. A time will come and what majority of the people will be talking about is buying in Satoshis and not even one Bitcoin.
If I am going to remember way back 2014 Bitcoin by that time was below 1000$, in fact, it was declined by that period of time were Bitcoin fell down into below 200$ then it was a pity for me why I shouldn't buy it, then after a couple of months it was arise up to more than 1k$ almost then until 2017 bitcoin came up to the point that it reached more than 19k$ almost each bitcoin, so now I keep buying bitcoin for believing that someday it will go back again to that amount of value or more, we don't know what would possibly happens in the future.
I don't think that people would pitch into such marvelous platform for none other than profits. Everyone has his or her own set of goals when trading. At last the wallets has to be filled out. Lot more can be shared but the main outcome is the turn over or profits. Its all about a business. Everyone is here doing his business longing for profits. That's what the goal of trading.
All i wish is to hold at least 1BTC , but since the price is high, i just brought piece by piece, seeing price fall down. Its make me more intimidate to buy more.
It has a lot of benefits and it will make your future bright so never think before you invest. If you have small amount of money you should invest small but if you have more so invest more as it will help you get better future, in this modern age all of us should have bitcoin as holding bitcoin is somehow a surety of bright future according to me. All i wish is to hold at least 1BTC , but since the price is high, i just brought piece by piece, seeing price fall down. Its make me more intimidate to buy more.
thats right . you should only buy small amounts and save them until you reach 1 whole btc .
nowadays it is not really impossible to reach that said amount thinking that bitcoin's value is still cheap . in my case , i am not ocassionally buying bitcoin but i love to keep them whenever i got some from the campaigns that ive joined . i guess i will only sell if bitcoin can reach again its new ath this year , if not then im still willing to wait for a couple of years or even decades just to earn a good amounts of cash .
Bitcoin can't really be frozen like your your funds in the Banks and most especially in Paypal. I'm now getting used to transact online and I always use Paypal for that but I'm always worried that they'll also ban me from using my account in Paypal just like what they did on the people that I know.
Isn’t that one of the issues that bitcoin is solving presently? We have had problem transacting over the years, so many people find it hard to make transactions across borders due to restrictions and limitations on the likes of PayPal or western union as well as bank policies within the country and the freedom was never there until the invention of bitcoin and things changed a whole lot when it comes to easy transaction from anywhere you are in the world.Nevertheless, what some people are buying is usually the supply zone which makes them prefer to join FOMO.
We are buying bitcoin because we all know that bitcoin is the best and profitable investment nowadays. Also bitcoin has a freedom because no one controlled it. It is a very valuable and famous digital currency in crypto market that we should patronized and keep investing.
True, while bitcoin is one of the best investments that you can make today I am not here only for the money, I am also here because I believe in what bitcoin represents, there are many other good investments out there as well and yet I decided to put my money in bitcoin because it gives us freedom and the chance to actually own our money something that we cannot do with fiat.
We are buying bitcoin because we all know that bitcoin is the best and profitable investment nowadays. Also bitcoin has a freedom because no one controlled it. It is a very valuable and famous digital currency in crypto market that we should patronized and keep investing.
True, while bitcoin is one of the best investments that you can make today I am not here only for the money, I am also here because I believe in what bitcoin represents, there are many other good investments out there as well and yet I decided to put my money in bitcoin because it gives us freedom and the chance to actually own our money something that we cannot do with fiat.We are buying bitcoin because we all know that bitcoin is the best and profitable investment nowadays. Also bitcoin has a freedom because no one controlled it. It is a very valuable and famous digital currency in crypto market that we should patronized and keep investing.
True, while bitcoin is one of the best investments that you can make today I am not here only for the money, I am also here because I believe in what bitcoin represents, there are many other good investments out there as well and yet I decided to put my money in bitcoin because it gives us freedom and the chance to actually own our money something that we cannot do with fiat. 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.
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.
Bitcoin can't really be frozen like your your funds in the Banks and most especially in Paypal. I'm now getting used to transact online and I always use Paypal for that but I'm always worried that they'll also ban me from using my account in Paypal just like what they did on the people that I know.
Isn’t that one of the issues that bitcoin is solving presently? We have had problem transacting over the years, so many people find it hard to make transactions across borders due to restrictions and limitations on the likes of PayPal or western union as well as bank policies within the country and the freedom was never there until the invention of bitcoin and things changed a whole lot when it comes to easy transaction from anywhere you are in the world. Jump to: