I love loooking at the charts in a logarithmic way, instead of this normal version. Bitcoin surely looks good in that however this bear market has been the longest ever since the start of Bitcoin.
I surely think we might see some lows if not highs for now, and after that, the new ATH will be achieved after we get the Bitcoin halving in March or April of 2024. That will start the massive bull run which should end nearly in Novemeber of 2025.
Topic: Why I choose Bitcoin (and you'll must choose it too) (Read 327 times)
Bitcoin's historical price:
As you've been told already, you can get the full gist on the past, present and future discussions of bitcoin price movement on speculation board, you can have many reasons for choosing bitcoin because it has been a solution to many challenges with financial economy situations and people have the trust in using bitcoin than any coin that might have been introduced to the crypto network, myabe we should conclude in saying that bitcoin is the only most acceptable digital currency in cryptocurrency, if you really want to take take low risk.
low risk indeed because the market now is full of so many altcoin that can cause so many regret for you as a buyer and bitcoin is the only crypto asset that has proven it's worth and stability over the years and it's past records are there to show for it. Although despite its volatility and believe me that's what even makes it perfect to use ab investment means because there is always room for late comers to buy because the price do normally trends back low so that newcomers can see it as a chance to buy and hodl for you to get profit.
The OP is entitled to his opinion (whatever it may be), but as others have already written, I can only repeat that it is a really bad idea to "convince" someone in any way that they should invest in Bitcoin, and that's just for reasons that one day he would profit when he sells at a higher price. With such an approach, we turn Bitcoin into some kind of get-rich-quick scheme, and not what it actually exists for.
If you are already telling someone about Bitcoin, then at least start from trying to get people interested in trying to use BTC as a currency, and how to learn to be their own bank. Someone who shows no interest in these things should probably not buy BTC at all, although everyone does what they want with their money.
Sharing your knowledge indeed is different from persuading someone; has something to do with the consequences. As we all know, we have different perspectives on a particular subject. To us, investing is beneficial in the long run and others might as well think the same way but it would vary on how we measure or manage the risk. Some will just be too hopeful of the profit and often disregarding the risk. Profit won't come in an instant. Ofcourse it would be easy to say "just hold it for years" even if we are having different circumstances. Not all would be able to do so which simply means not all investors would be earning huge. Some would be even be in huge loss. So what's the point? Give them freedom and time to take the initiative to engage in this industry; in such way they'd be more responsible and aware of how things work for this industry.If you are already telling someone about Bitcoin, then at least start from trying to get people interested in trying to use BTC as a currency, and how to learn to be their own bank. Someone who shows no interest in these things should probably not buy BTC at all, although everyone does what they want with their money.
Even though Bitcoin is amazing, it is not an exception to this rule. "Hold for years" is not always a good way to solve a problem. Each investor has a unique set of situations, financial goals, and willingness to take on risk. The risk comes from reducing this complicated story to a single piece of advice - to hold. Some people will find gold, but others might get stuck in mud.
The key isnt to tell people what to do, but to give them information. Let them make their own way. Its not enough to just let them learn about Bitcoin; they also need to be ready for the trip. Equip, but dont lead.
Well, looking at history can also be a pretty good motivational booster. But that's not enough. It takes deeper research to convince ourselves before deciding whether to invest in Bitcoin or not. And yes, I also invested in Bitcoin because I felt confident in the potential that Bitcoin had in the future. I think greater adoption is in sight. When big institutions are already moving and talking about bitcoin. Even presidential candidates in the US have also included the word support for Bitcoin in their campaigns. So I think the good days with bitcoin are getting closer. But even so, I decided not to be greedy. And yeah I only put in not too much money. I only put in my remaining shopping money every month.
Even if you spend more, it's not greed, it's just a trade-off. If we want to earn more, if we want to have what others don't have, we need to trade for things that others don't dare to trade for. It is always said that we should only invest what we can lose, but if we are willing to take risks for greater rewards, investing more is not a bad idea.
I believe in the future of bitcoin because I understand it, but I won't believe in bitcoin just because the presidential candidates are talking about it. They are not trustworthy and are doing anything just to get your vote.
Well, looking at history can also be a pretty good motivational booster. But that's not enough. It takes deeper research to convince ourselves before deciding whether to invest in Bitcoin or not. And yes, I also invested in Bitcoin because I felt confident in the potential that Bitcoin had in the future. I think greater adoption is in sight. When big institutions are already moving and talking about bitcoin. Even presidential candidates in the US have also included the word support for Bitcoin in their campaigns. So I think the good days with bitcoin are getting closer. But even so, I decided not to be greedy. And yeah I only put in not too much money. I only put in my remaining shopping money every month.
Bitcoin is always the best compared to other crypto coins. I see no reason not to like Bitcoin where the price of other coins in the market is directly dependent on Bitcoin. People generally want to ensure the maximum security of their money, you will want to invest your money in a platform where your money will be very secure and Bitcoin is the safest investment platform among cryptocurrencies. Bitcoin has survived in the market since its inception till now many coins have come and gone from the market but Bitcoin is still running in the market and the progress of Bitcoin will continue like this. Besides Bitcoin there are some ALT coins that are currently showing great potential. Bitcoin is the first choice of most investors out there. People prefer these coins because of their popularity or security.
Bitcoin's historical price:
Data speaks for itself. When you have any doubt about the "russian mountain", remember this post. Your welcome.
Data speaks for itself. When you have any doubt about the "russian mountain", remember this post. Your welcome.
Directing people to Bitcoin through the graph may work for beginners but making your recommendation in the forum won't work. Almost all of the people here are already aware of this. I wish you had written a detailed article about why you chose Bitcoin and i am sure it would have been more effective. If you want to explain why you chose Bitcoin in technical analysis and terms you should update your post in the title. The price action you shared is not a fundamental reason to invest in Bitcoin and i suggest you do your research before making a recommendation.
Though I do agree with you. I think posting this here, a literal forum for people who are already using Bitcoin (some who are interested and about to use it), is a little pointless unless you intend your post to be shared outside the forum in some way to attract and push other people to join. Moreover, if you are going to have such subject and statement in your post and will only leave a link to explain it, I don't think it is very effective. Instead, I suggest you provide more personal reasons backed by articles and credible sources to prove your point. Having just a link wouldn't attract much attention and honestly not convincing, especially with your subject and possible target audience. Try to expand more if you want a fruitful discussion.
Nevertheless, good choice with Bitcoin, but all of us (at least more than 3/4 of members here) already did as well.
Nevertheless, good choice with Bitcoin, but all of us (at least more than 3/4 of members here) already did as well.
Well, it can help somehow since bitcointalk threads are also listed on the google search. If someone newbie to Bitcoin do a search about why choosing Bitcoin, this thread might pop up. So in some way or another, the title of the thread may help people outside the Bitcointalk forum to fully decide to invest in Bitcoin.
On another point, I also agree with @mk4 that historical price should not be the sole basis for investment, it must be coupled with fundamental knowledge and analysis since it is best to know the current situation of the market than its previous one.
I've been investing in Bitcoin for a long time. And I'm sure most people here have also invested in Bitcoin. Right now, many of us have bought Bitcoins and are still buying them because the price is still low so we can earn more.
You could invite people around you to start investing in Bitcoin so that this is more targeted and more people will join Bitcoin. It can also increase adoption in the area around you.
And I hope you can be prepared for the rise of Bitcoin that can come at any time. Hopefully, you have managed to have a lot of Bitcoin because you invited all of us to invest in Bitcoin, which many of us started a long time ago.
You could invite people around you to start investing in Bitcoin so that this is more targeted and more people will join Bitcoin. It can also increase adoption in the area around you.
And I hope you can be prepared for the rise of Bitcoin that can come at any time. Hopefully, you have managed to have a lot of Bitcoin because you invited all of us to invest in Bitcoin, which many of us started a long time ago.
While encouraging people around us to buy Bitcoin, we should also tell them what we know about Bitcoin. Let's help them learn more and help them decide whether to invest or not after learning about Bitcoin. In this way, they can become good investors.
We've all bought and are buying Bitcoin. In order for Bitcoin to reach wider audiences, we must inform the people around us about bitcoin. We should not pressure them on their investment decision. If Bitcoin makes sense for them, they will invest anyway.
There are several reasons why I decided to invest in Bitcoin. I was drawn to the potential for substantial returns on investment. Bitcoin has demonstrated remarkable growth over the years, and its finite supply of 21 million coins has piqued my interest as a store of value. I believe that, over time, its scarcity could drive up its value, making it an appealing asset for long-term investment.
I was also intrigued by the idea of diversifying my investment portfolio. Bitcoin operates independently of traditional financial markets and is not directly influenced by factors like interest rates or inflation. This offers a hedge against economic uncertainties and market fluctuations. By including Bitcoin in my portfolio, I aim to spread risk and reduce my exposure to the volatility of other assets, potentially enhancing the overall stability of my investments.
I was also intrigued by the idea of diversifying my investment portfolio. Bitcoin operates independently of traditional financial markets and is not directly influenced by factors like interest rates or inflation. This offers a hedge against economic uncertainties and market fluctuations. By including Bitcoin in my portfolio, I aim to spread risk and reduce my exposure to the volatility of other assets, potentially enhancing the overall stability of my investments.
The OP is entitled to his opinion (whatever it may be), but as others have already written, I can only repeat that it is a really bad idea to "convince" someone in any way that they should invest in Bitcoin, and that's just for reasons that one day he would profit when he sells at a higher price. With such an approach, we turn Bitcoin into some kind of get-rich-quick scheme, and not what it actually exists for.
If you are already telling someone about Bitcoin, then at least start from trying to get people interested in trying to use BTC as a currency, and how to learn to be their own bank. Someone who shows no interest in these things should probably not buy BTC at all, although everyone does what they want with their money.
Sharing your knowledge indeed is different from persuading someone; has something to do with the consequences. As we all know, we have different perspectives on a particular subject. To us, investing is beneficial in the long run and others might as well think the same way but it would vary on how we measure or manage the risk. Some will just be too hopeful of the profit and often disregarding the risk. Profit won't come in an instant. Ofcourse it would be easy to say "just hold it for years" even if we are having different circumstances. Not all would be able to do so which simply means not all investors would be earning huge. Some would be even be in huge loss. So what's the point? Give them freedom and time to take the initiative to engage in this industry; in such way they'd be more responsible and aware of how things work for this industry. If you are already telling someone about Bitcoin, then at least start from trying to get people interested in trying to use BTC as a currency, and how to learn to be their own bank. Someone who shows no interest in these things should probably not buy BTC at all, although everyone does what they want with their money.
The OP is entitled to his opinion (whatever it may be), but as others have already written, I can only repeat that it is a really bad idea to "convince" someone in any way that they should invest in Bitcoin, and that's just for reasons that one day he would profit when he sells at a higher price. With such an approach, we turn Bitcoin into some kind of get-rich-quick scheme, and not what it actually exists for.
If you are already telling someone about Bitcoin, then at least start from trying to get people interested in trying to use BTC as a currency, and how to learn to be their own bank. Someone who shows no interest in these things should probably not buy BTC at all, although everyone does what they want with their money.
If you are already telling someone about Bitcoin, then at least start from trying to get people interested in trying to use BTC as a currency, and how to learn to be their own bank. Someone who shows no interest in these things should probably not buy BTC at all, although everyone does what they want with their money.
It looks like you are trying to force people to invest in Bitcoin, it's not going to work because many people don't care, there are people living a hard life around me and I have told them how Bitcoin can help them but they don't want to, like they are not ready to take the risks or they believe it will fail.
There is another who is my blood, he doesn't believe anything online is legit, even if it's working for you now it will change later, that's the believe he has in mind for every crypto and online money-making.
A piece of advice for you OP, You don't need to force Bitcoin on anyone, those who craves for something decentralized like Bitcoin will come looking, they will either invest because of the features Bitcoin has to offer or they will invest because they can make money from buying and keeping Bitcoin.
There is another who is my blood, he doesn't believe anything online is legit, even if it's working for you now it will change later, that's the believe he has in mind for every crypto and online money-making.
A piece of advice for you OP, You don't need to force Bitcoin on anyone, those who craves for something decentralized like Bitcoin will come looking, they will either invest because of the features Bitcoin has to offer or they will invest because they can make money from buying and keeping Bitcoin.
I won't talk about forcing someone to invest in bitcoin because it's a bad idea. But I think giving bitcoin investment advice to others also needs to be reconsidered. Because as you also said, many people are not ready to accept risks, many people are still skeptical about the existence of bitcoin. In my opinion, we should only give advice when we have actually achieved significant results with our investment. I mean, people need more proof than just promises. I was also looked down upon by people for giving investment advice, but then I made money and changed my life thanks to bitcoin. My advice becomes more valuable.
I've been investing in Bitcoin for a long time. And I'm sure most people here have also invested in Bitcoin. Right now, many of us have bought Bitcoins and are still buying them because the price is still low so we can earn more.
You could invite people around you to start investing in Bitcoin so that this is more targeted and more people will join Bitcoin. It can also increase adoption in the area around you.
And I hope you can be prepared for the rise of Bitcoin that can come at any time. Hopefully, you have managed to have a lot of Bitcoin because you invited all of us to invest in Bitcoin, which many of us started a long time ago.
You could invite people around you to start investing in Bitcoin so that this is more targeted and more people will join Bitcoin. It can also increase adoption in the area around you.
And I hope you can be prepared for the rise of Bitcoin that can come at any time. Hopefully, you have managed to have a lot of Bitcoin because you invited all of us to invest in Bitcoin, which many of us started a long time ago.
It looks like you are trying to force people to invest in Bitcoin, it's not going to work because many people don't care, there are people living a hard life around me and I have told them how Bitcoin can help them but they don't want to, like they are not ready to take the risks or they believe it will fail.
There is another who is my blood, he doesn't believe anything online is legit, even if it's working for you now it will change later, that's the believe he has in mind for every crypto and online money-making.
A piece of advice for you OP, You don't need to force Bitcoin on anyone, those who craves for something decentralized like Bitcoin will come looking, they will either invest because of the features Bitcoin has to offer or they will invest because they can make money from buying and keeping Bitcoin.
There is another who is my blood, he doesn't believe anything online is legit, even if it's working for you now it will change later, that's the believe he has in mind for every crypto and online money-making.
A piece of advice for you OP, You don't need to force Bitcoin on anyone, those who craves for something decentralized like Bitcoin will come looking, they will either invest because of the features Bitcoin has to offer or they will invest because they can make money from buying and keeping Bitcoin.
Bitcoin's historical price:
As you've been told already, you can get the full gist on the past, present and future discussions of bitcoin price movement on speculation board, you can have many reasons for choosing bitcoin because it has been a solution to many challenges with financial economy situations and people have the trust in using bitcoin than any coin that might have been introduced to the crypto network, myabe we should conclude in saying that bitcoin is the only most acceptable digital currency in cryptocurrency, if you really want to take take low risk.
Bitcoin's historical price:
Data speaks for itself. When you have any doubt about the "russian mountain", remember this post. Your welcome.
I have chosen this long time ago mate, Bitcoin is my choice forever but at leastData speaks for itself. When you have any doubt about the "russian mountain", remember this post. Your welcome.
have some small for altcoin but completely trusting bitcoin.
and about the data?i don't think this will affect my trust in this coin because not only the data and the graph but the history brings it all when i decide to buy and hold.
@OP who're you? are you my parent or someone who feed me entire of my life? why should I follow your choice?
Not everyone interested with Bitcoin, not everyone understand how Bitcoin works, not everyone want to buy Bitcoin if they feel the other asset or way is more promising than invest in Bitcoin.
No need to convince other people who're not interested with Bitcoin, the true one will try learn by himself.
Not everyone interested with Bitcoin, not everyone understand how Bitcoin works, not everyone want to buy Bitcoin if they feel the other asset or way is more promising than invest in Bitcoin.
No need to convince other people who're not interested with Bitcoin, the true one will try learn by himself.
Though I do agree with you. I think posting this here, a literal forum for people who are already using Bitcoin (some who are interested and about to use it), is a little pointless unless you intend your post to be shared outside the forum in some way to attract and push other people to join. Moreover, if you are going to have such subject and statement in your post and will only leave a link to explain it, I don't think it is very effective. Instead, I suggest you provide more personal reasons backed by articles and credible sources to prove your point. Having just a link wouldn't attract much attention and honestly not convincing, especially with your subject and possible target audience. Try to expand more if you want a fruitful discussion.
Nevertheless, good choice with Bitcoin, but all of us (at least more than 3/4 of members here) already did as well.
Nevertheless, good choice with Bitcoin, but all of us (at least more than 3/4 of members here) already did as well.
The chart you mentioned on the Bitcoin price changes are the same but not enough reasons behind the periodic changes in the price of Bitcoin. There are many unknown factors outside of your chart that have caused Bitcoin's price to fluctuate so much. The main reason why Bitcoin's price fluctuates periodically is its popularity. The popularity of Bitcoin has increased at a certain rate due to which people have invested periodically, the market of Bitcoin has changed so much because of the popularity and investment. There are certain factors behind the price dumping of Bitcoin along with the increase in Bitcoin price which has caused the market dumping.
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