Why invest in bitcoin?? | Bitcointalksearch.org

laijsica

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Quote from: ? on February 11, 2025, 03:39:08 AM

Tax is your single biggest expense by far & saving it will make you rich; that’s how the billionaires do it

Your perception that paying taxes is a big expense is incorrect. Tax is a minimum amount imposed by the government on your income that you cannot avoid. You should pay the tax imposed on the income you earn while living in a country or society and receiving civil benefits. Tax evasion is illegal and expecting to become rich by saving a little money is misleading.

Quote from: ? on February 11, 2025, 03:39:08 AM

So invest instead of saving, diversify your assets correctly and watch your life and wealth chance faster than you ever imagined...

Investment and savings are used almost in the same sense. You should be clear about the use of the word investment instead of savings. If you want to be a new investor, you should focus on savings rather than having a diversified portfolio that will help you succeed. For example, if you are running a family on a limited income and have relatively little floating cash, you need to save money for the future. In that situation, you should use a portion of your disposable income in investments. By investing the amount you can afford to lose. You can start saving Bitcoin which will increase your holdings over time and accumulate a huge pile in 4-10 years.

Bd officer

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I have seen many discussions about the 3 points you mentioned. Now why should we invest in Bitcoin, it is possible to make a lot of profit in long term by investing in Bitcoin. On the other hand, if you save money in the bank, then as much profit as you can earn, you will see that the value of money has decreased a lot. Today's 100 fiat money and future's 100 fiat money will not be equal. Smart people don't save money, they invest in any sector. Now we need to save some money, because money may be needed for urgent needs. Some countries require you to pay tax on crypto. There is no need to pay taxes in the country where I live. Investing in Bitcoin is a good decision to counter inflation.

Lamkuthang

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I am not that and it is very common. My biggest reason is that this will be used as one of the safest, fastest and cross-border exchange tools, accepted in various places regardless of which country you are from, want to shop at a large or small store with the note that the phrase key is not known to others. In addition to having its advantages if we want to save and store for the long term.

?

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Quote from: ? on February 11, 2025, 03:39:08 AM

Sometimes It’s not just about how much money you spend & lose that makes you broke But how much is being silently stolen from you from under your nose

Here are the three silent killers of wealth:

1️⃣ Leaving it in the bank:

Inflation erodes savings. The banks control your cash it & earns on it while it loses value for you

2️⃣ Money printing:

Not only does inflation eat your money away over time, but the banks print money & borrow which further reduces the value of your cash

3️⃣ Tax:

Not only do you get taxed on what you earn, you also get taxed on what you buy, what you sell & what you own

Tax is your single biggest expense by far & saving it will make you rich; that’s how the billionaires do it

So invest instead of saving, diversify your assets correctly and watch your life and wealth chance faster than you ever imagined...

Billionaire's Mindset
Source: https://t.me/BillionairesTM

You made valid points there but you know tax can’t be fully evaded right ?
Bitcoin has proven to be go-to for investors because its value increases with each passing day especially with its recent halving that held last year . You can see how limited its becoming thereby bringing more profits for long-term investors.

Botnake

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Just do your obligation as a tax payer and chose the best asset to invest. That way, you will never face future problems evading your tax, and you will gain potential income if you invest in the right coin, if you stick to bitcoin. Now, the reason why you have to invest in bitcoin, its because it has proven its worth and value throughout these years. If you can’t stick with bitcoin, at least learn to diversify your investments. You will have a brighter future ahead.

Alphakilo

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Quote from: ? on February 11, 2025, 03:39:08 AM

3️⃣ Tax:

Not only do you get taxed on what you earn, you also get taxed on what you buy, what you sell & what you own

Tax is your single biggest expense by far & saving it will make you rich; that’s how the billionaires do it

So invest instead of saving, diversify your assets correctly and watch your life and wealth chance faster than you ever imagined...

Tax evasion is a crime. And the way Bitcoin is being adopted and the interest it is getting from the government means that it will get regulated which is what is happening in a little way through KYC submission when you use centralized exchanges.

There is also a tax paid on crypto gains. Taxes can't be escaped unless you migrate to a tax haven country which not all Bitcoiners can do.

Be law abiding, pay your tax and you'll be able to make more money, than when you evade taxes and the government still takes some of your money and put you in jail.

BIT-BENDER

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Yes you made some very good point about those three factors that can easily reduce someone finances, but I won't want to jump into conclusion, do you mean that crypto-currency like Bitcoin can help solve those issues? If yes then I might not be sure about the other two but about the tax, I think some people in Crypto-currency still pay tax, this depends on the tax law of your location, so Crypto-currency doesn't full get exempted from tax, except you want to actually evade tax which I don't support.

Alone055

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The points you've mentioned are valid, but we need to understand that every currency in the world doesn't lose value like some do, so these problems might not exist for everyone. However, even if someone doesn't have to worry about these things, investing in Bitcoin can still be beneficial for them because when you have your money in fiat, even if you have it invested with a bank, you won't get much out of it because you will barely get around 5-10% a year from that, which is too low.

The reason why Bitcoin has reached where it is today is because it provides people an opportunity to grow their wealth exponentially over time. I know, it's unpredictable and its value can go down as well, but if we look at its history, we will realize that by now, almost every person who invested in Bitcoin has been at least in profit once, and the adoption level is still very low, which means that the demand will keep increasing over time.

So, if people have money laying around, they need to make good use of it. Of course, doing research before making a decision is always necessary.

Jewan420

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Patience and hard work are the keys to success.

The biggest reason to invest in Bitcoin may be its long-term profit potential. Reasons why you should invest in Bitcoin (1) Bitcoin is a decentralized currency, so only you know all the information about your assets and there will be no third-party interference. (2) You can invest in Bitcoin very easily and you will not need a large amount of money for Bitcoin investment. (3) Since transactions are made using the blockchain system, the possibility of money being stolen is very low or almost impossible. (4) Bitcoin's upward trend and its pumping system increase the long-term profit potential of Bitcoin investment and the profit margin is also several times higher.
These reasons may also be significant for Bitcoin investment.

moneystery

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those 3 reasons are very common, and i think that almost everyone who invests in bitcoin already understands them. but let me add again that why should you invest in bitcoin; it is because bitcoin is decentralized, its supply is limited to 21 million coins, ease of access and full management is directly in your hands, these are the reasons why someone should invest in bitcoin. you just can't find that in other investments.

apogio

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This question and these arguments have been posted literally hundreds of times in this forum.

The 3 things you mentioned are really important, but they are the main reasons why people should invest in general.

Bitcoin covers these 3 bullets, but it's also much more important because unlike the other investments that we have, bitcoin can be a currency on its own. So, you don't have to think in FIAT values, but in satoshis (btc denomination).

?

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Sometimes It’s not just about how much money you spend & lose that makes you broke But how much is being silently stolen from you from under your nose

Here are the three silent killers of wealth:

1️⃣ Leaving it in the bank:

Inflation erodes savings. The banks control your cash it & earns on it while it loses value for you

2️⃣ Money printing:

Not only does inflation eat your money away over time, but the banks print money & borrow which further reduces the value of your cash

3️⃣ Tax:

Not only do you get taxed on what you earn, you also get taxed on what you buy, what you sell & what you own

Tax is your single biggest expense by far & saving it will make you rich; that’s how the billionaires do it

So invest instead of saving, diversify your assets correctly and watch your life and wealth chance faster than you ever imagined...

Billionaire's Mindset
Source: https://t.me/BillionairesTM

Topic: Why invest in bitcoin?? (Read 136 times)