Oh well, you must be referring to the people involved in Bitcoin in general. Bitcoin started weak actually mate and people have doubted its potential but luckily it changed overtime. Also, thanks to the few people who trust their gut and knowledge towards the coin.
For some, yeah, they are still attracted to Bitcoin despite its high price now. This mostly applies to the experienced Bitcoin user but for the newbies, the price intimidates them and then cheap altcoins seem to have a better offer but of course this is mostly part of their marketing stunt but yet they still can trap a lot of newbies/people. Why Bitcoin price is very expensive?
Well, it is because it already built a solid foundation over time and people are still coming for it. And like we talk earlier, its high price is also one of the reason on why the involvement of people towards it are growing very quickly lately. When it comes to investing, that is right that we must think twice first and a cheap price shouldn't be a primary reason for us to FOMO with them. As they say, it is not about the quantity that matters but it is about the quality.
Topic: Why is Bitcoin membership growing very fast (Read 572 times)
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I would love to hear from you so I can tell them when this topic arise again.
Among the things you will tell your friends, include a picture of what it's with Bitcoin and the entire cryptocurrency market during a bear season. Paint the picture vividly to them without mincing words so they also know it's not always rosy the way it's now. That should be a caveat from you in case they invest now and lose their funds because people like that hardly have the patience of long-suffering and perseverance.Bitcoin is the only crypto that matters in the long run. Alts are fine for quick hit and run type of actions and some of them might do well in a 5 year year period but eventually they all lose their mojo but bitcoin keeps going higher and higher.
Are you sure you want to also see ETH as a quick hit and run type? Well, I wouldn't. If there's any altcoin/crypto that has enabled and helped this industry grow this fast, I would be looking at ETH.This is one of the reasons why most Bitcoin enthusiast sees altcoin as a means to take away the enthusiasm of BTC from people and altcoins are an alternative from the get-go.
I would love to hear from you so I can tell them when this topic arise again.
Among the things you will tell your friends, include a picture of what it's with Bitcoin and the entire cryptocurrency market during a bear season. Paint the picture vividly to them without mincing words so they also know it's not always rosy the way it's now. That should be a caveat from you in case they invest now and lose their funds because people like that hardly have the patience of long-suffering and perseverance.Bitcoin is the only crypto that matters in the long run. Alts are fine for quick hit and run type of actions and some of them might do well in a 5 year year period but eventually they all lose their mojo but bitcoin keeps going higher and higher.
Are you sure you want to also see ETH as a quick hit and run type? Well, I wouldn't. If there's any altcoin/crypto that has enabled and helped this industry grow this fast, I would be looking at ETH. I was having a conversation with my friends about crypto currencies and they asked me a question about why Bitcoin price is very expensive and people are still investing in it but other altcoins are still low but people are having a double mind to invest in it.
I didn't talk much I told them that, that was how it was with Bitcoin when it started but deep down me I wanted to give them more reasons but I was short of words so I guess my people here still have something more to say so I would love to hear from you so I can tell them when this topic arise again.
Bitcoin membership has been growing very fast due to its potentials towards the impact on the developing economy of some countries.I didn't talk much I told them that, that was how it was with Bitcoin when it started but deep down me I wanted to give them more reasons but I was short of words so I guess my people here still have something more to say so I would love to hear from you so I can tell them when this topic arise again.
Regardless of bitcoins expensive nature people finds it very profitable to invest there capital because is has a potential to generate a long term wealth, it's More safer to invest in Bitcoin. Meanwhile some altcoin has a low income and a more temporary asset which some altcoin after it lunching losses it prices and values.
Bitcoin helps the wealthy individuals and organizations to safe guide there assets regardless of it's expensive nature and uncertain flatuation in it price.
Why is bitcoin becoming more expensive and people are buying it instead of altcoins?
I'll give you a very simple answer to your question.
If you knew something is performing well and everybody is talking about it, even presidents, would you ignore it and buy something that's under performing and most people have not heard about?
Let's take ETH. It used to be much more popular in 2021 and worth more than it is today. Why would I choose ETH over BTC knowing that?
If I had ETH and BTC and saw ETH being worth less than it was 4 years ago, while BTC has reached a new ATH, I'd sell my ETH and buy more BTC and that's what people are doing and that's why bitcoin is going up and many altcoins still struggle below their 2021 highs.
Bitcoin membership has been growing very fast due to its potentials towards the impact on the developing economy of some countries.I'll give you a very simple answer to your question.
If you knew something is performing well and everybody is talking about it, even presidents, would you ignore it and buy something that's under performing and most people have not heard about?
Let's take ETH. It used to be much more popular in 2021 and worth more than it is today. Why would I choose ETH over BTC knowing that?
If I had ETH and BTC and saw ETH being worth less than it was 4 years ago, while BTC has reached a new ATH, I'd sell my ETH and buy more BTC and that's what people are doing and that's why bitcoin is going up and many altcoins still struggle below their 2021 highs.
Regardless of bitcoins expensive nature people finds it very profitable to invest there capital because is has a potential to generate a long term wealth, it's More safer to invest in Bitcoin. Meanwhile some altcoin has a low income and a more temporary asset which some altcoin after it lunching losses it prices and values.
Bitcoin helps the wealthy individuals and organizations to safe guide there assets regardless of it's expensive nature and uncertain flatuation in it price.
Why is bitcoin becoming more expensive and people are buying it instead of altcoins?
I'll give you a very simple answer to your question.
If you knew something is performing well and everybody is talking about it, even presidents, would you ignore it and buy something that's under performing and most people have not heard about?
Let's take ETH. It used to be much more popular in 2021 and worth more than it is today. Why would I choose ETH over BTC knowing that?
If I had ETH and BTC and saw ETH being worth less than it was 4 years ago, while BTC has reached a new ATH, I'd sell my ETH and buy more BTC and that's what people are doing and that's why bitcoin is going up and many altcoins still struggle below their 2021 highs.
I'll give you a very simple answer to your question.
If you knew something is performing well and everybody is talking about it, even presidents, would you ignore it and buy something that's under performing and most people have not heard about?
Let's take ETH. It used to be much more popular in 2021 and worth more than it is today. Why would I choose ETH over BTC knowing that?
If I had ETH and BTC and saw ETH being worth less than it was 4 years ago, while BTC has reached a new ATH, I'd sell my ETH and buy more BTC and that's what people are doing and that's why bitcoin is going up and many altcoins still struggle below their 2021 highs.
One of the reasons people invest in Bitcoin rather than shitty altcoins despite its high market capitalization is because it's more safer to invest than altcoins. Some altcoins after launching may drop in price and not recover back or the dev may rug the community, leaving investors in losses. Bitcoin on the other hand has been around for a some time, it's community owned, has a proven track record and no matter how deep it falls in price, it will bounce back.
It'll definitely bounce back,even without so much losses and investor's losses.Bitcoin is literally a fast growing cryptocurrency that can eventually stand on its own despite financial revolts,currency comparisons and inflations.Even with the ATH, Bitcoin is still worth the energy,consistence and investment;generally,secured and bound to presents financial outcomes.
One reason why people will continue to invest into Bitcoin is because during bull season they are believing that the price will always surge high to give them a good ROI while other cheap altcoins relays on the price of Bitcoin to surge high. Among the thousands of altcoins in the market only a few will show a growth during bear season, but during Bitcoin bull season most altcoins will move high too following the trend of Bitcoin. So, people prefer to invest in Bitcoin rather than gamble on some altcoins.
And there is even a possibility that during bull run it might continue to go higher but we all know it won't be for long, the price will definitely come down so we need to have an understanding very early when to invest and when not to invest if we all notice when it comes bear market you see they tell everyone to buy and hold so it will be better if we learn to follow the sequence, buy when the price is low and sell when it's high so we don't have have to be confuse on what to do at a particular time, it as always been normal that all the price of altcoin will depend on bitcoin without bitcoin going higher there won't be any changes so it will be better to do everything about investment when the price is down. And even when bitcoin is going higher not all coins are able to follow up and that is one we have to be mindful of the coin we buy and hold.
To be fair not wanting to be CEO again is reasonable, last time he was the CEO he was jailed, and he doesn't want to take that type of risk and there are a lot of troubles and we shouldn't really consider this to be a big deal like that, we need to consider it as very and fairly normal for him to avoid that. BNB will keep growing at a decent rate though.
Because Binance is still the biggest crypto company in the entire world, and that means we are talking about a lot of money and that is why we are going to get a greater return from this without much trouble, what we are seeing at the moment here is that we can make this work one way or another, and for that to mean something we are going to get a lot of profit, BNB is just growing based on how big Binance is, they even burn it and make it more scarce as well.
You are right about the rank, he must have fed up from the stress as he have enough money ( i suppose) to live his remaining life without working or maybe as you said jail might have changed his mind. I don't get to judge him as we know it's their choice but from an investor's point of view his yes could have pumped BNB a lot. Speaking of Binance and BNB they really have become the world most famoud exchange and old, trust worthy network (respectively) in crypto world. I have not made any researched in BNB network yet. Because Binance is still the biggest crypto company in the entire world, and that means we are talking about a lot of money and that is why we are going to get a greater return from this without much trouble, what we are seeing at the moment here is that we can make this work one way or another, and for that to mean something we are going to get a lot of profit, BNB is just growing based on how big Binance is, they even burn it and make it more scarce as well.
But as I join airdrops and the hype currently is of meme coins and due to which some good projects built on BNB are not getting listed by the Binance too bad for them but this can be beneficial for Binance and BNB money wise but not good for it's logevity.
ETH is the king but don't know why it is not performing well I mean I thought when its ETF got approved it will also break ATH but it still taking a lot of time to reach its ATH. SOL is best and BNB would also pump if CZ would have not made the statement that he don't want to be the CEO of Binance again.
Well, big moves are in play maybe here like 4.2 Billion fine and he don't want to talk about CEO seat in public seems odd. Speaking of memecoins again, today one of the groups I follow shared two meme coin tades and I took them unknowingly that they are memes, but I sold them quickly, I searched about them and they were going to get listed on Coinbase and 1 billion market cap is to add too so so bullish news and pump was programmed but I canceld and avoided it because I don't want to become an addict of this asset now hehe as I know it's very high and risky.
To be fair not wanting to be CEO again is reasonable, last time he was the CEO he was jailed, and he doesn't want to take that type of risk and there are a lot of troubles and we shouldn't really consider this to be a big deal like that, we need to consider it as very and fairly normal for him to avoid that. BNB will keep growing at a decent rate though.Well, big moves are in play maybe here like 4.2 Billion fine and he don't want to talk about CEO seat in public seems odd. Speaking of memecoins again, today one of the groups I follow shared two meme coin tades and I took them unknowingly that they are memes, but I sold them quickly, I searched about them and they were going to get listed on Coinbase and 1 billion market cap is to add too so so bullish news and pump was programmed but I canceld and avoided it because I don't want to become an addict of this asset now hehe as I know it's very high and risky.
Because Binance is still the biggest crypto company in the entire world, and that means we are talking about a lot of money and that is why we are going to get a greater return from this without much trouble, what we are seeing at the moment here is that we can make this work one way or another, and for that to mean something we are going to get a lot of profit, BNB is just growing based on how big Binance is, they even burn it and make it more scarce as well.
Where there are profits, people will surely rush investing on that. That’s what bitcoin is. Bitcoin has already proven its limitless value and utility case for more than a decade, so it’s not surprising actually why people chose to invest in bitcoin than going into altcoins. The fact that bitcoin always recovers and still skyrocketing, so there’s no reason for doubting bitcoin anymore, bitcoin always leads, altcoins just follow and imitate.
I was having a conversation with my friends about crypto currencies and they asked me a question about why Bitcoin price is very expensive and people are still investing in it but other altcoins are still low but people are having a double mind to invest in it.
I didn't talk much I told them that, that was how it was with Bitcoin when it started but deep down me I wanted to give them more reasons but I was short of words so I guess my people here still have something more to say so I would love to hear from you so I can tell them when this topic arise again.
That's basically it, everyone explained it very well. Bitcoin is a safe haven, we know that it will grow, we have every trust in the world that it will do fine, whereas we are not sure about altcoins, that's literally the only reason. Don't get it wrong though, everyone has their own favourite altcoin as well, for example I love SOL, but that doesn't mean I will invest into SOL more than I invest into bitcoin, no matter how much I love SOL, it's still Bitcoin that I invest the most, SOL is second place, then ETH and so forth, we share it later on with other coins. So everyone has a common Bitcoin on their portfolio, at least majority of the people, some do not get bitcoin at all, and that means we all have bitcoin and the other altcoins are more personal preference. I didn't talk much I told them that, that was how it was with Bitcoin when it started but deep down me I wanted to give them more reasons but I was short of words so I guess my people here still have something more to say so I would love to hear from you so I can tell them when this topic arise again.
BTC is the king of all coins, ETH is the king of alt coins, it will never disappear, as well as SOL, BNB, Lite coin, these coins have been in the market for a long time, and have become more valuable over time, so these coins are also relatively safe.
However, investing in the meme coins you mentioned is much more risky. However, investing in these meme coins has a much higher profit, but the risk Possibility is more likely than the profit.
Therefore, the investment decision depends on the risk-taking ability of an investor. Because if an investor invests the necessary money in a meme coin, (which you will have to face serious problems if you lose), it can also be lost. Because meme coins dump a lot at any time, and pump at any time, but most memes are bad, and one or two memes give something good.
So you must invest in the right place, it is best if you invest in Bitcoin, because it has the potential to bring life-changing success to every investor in the future.
ETH is the king but don't know why it is not performing well I mean I thought when its ETF got approved it will also break ATH but it still taking a lot of time to reach its ATH. SOL is best and BNB would also pump if CZ would have not made the statement that he don't want to be the CEO of Binance again. However, investing in the meme coins you mentioned is much more risky. However, investing in these meme coins has a much higher profit, but the risk Possibility is more likely than the profit.
Therefore, the investment decision depends on the risk-taking ability of an investor. Because if an investor invests the necessary money in a meme coin, (which you will have to face serious problems if you lose), it can also be lost. Because meme coins dump a lot at any time, and pump at any time, but most memes are bad, and one or two memes give something good.
So you must invest in the right place, it is best if you invest in Bitcoin, because it has the potential to bring life-changing success to every investor in the future.
Well, big moves are in play maybe here like 4.2 Billion fine and he don't want to talk about CEO seat in public seems odd. Speaking of memecoins again, today one of the groups I follow shared two meme coin tades and I took them unknowingly that they are memes, but I sold them quickly, I searched about them and they were going to get listed on Coinbase and 1 billion market cap is to add too so so bullish news and pump was programmed but I canceld and avoided it because I don't want to become an addict of this asset now hehe as I know it's very high and risky.
It is not about the price of the coin, but its utility. Many altcoins may be cheaper to buy, but many of them have no future, they are just pump and dump coins that have no real value or utility. If you want to buy crypto, you should be looking beyond the price of the coin, you should be looking at what the coin offers, is there any real life value, is it a long term coin, etc.
These are the reasons and more why people buy BTC over other coins, and you do not have to buy one whole BTC, you can buy with any amount you can afford and with time you can continuously add to your investment.
It’s as simple as that. This is the main reason why people chose Bitcoin over altcoins. OP, when next the same question pops up, if there would be, this the correct answer you will give to your friends as Z-tight explains it better for everyone to easily understand the reason behind why Bitcoin ownership is growing faster in today's world. Someone can invest with an amount, and learn to hodl their Bitcoin as long as they want These are the reasons and more why people buy BTC over other coins, and you do not have to buy one whole BTC, you can buy with any amount you can afford and with time you can continuously add to your investment.
I was having a conversation with my friends about crypto currencies and they asked me a question about why Bitcoin price is very expensive and people are still investing in it but other altcoins are still low but people are having a double mind to invest in it.
I didn't talk much I told them that, that was how it was with Bitcoin when it started but deep down me I wanted to give them more reasons but I was short of words so I guess my people here still have something more to say so I would love to hear from you so I can tell them when this topic arise again.
Reasons why people prefer to investing in Bitcoin even with the expensive price, When you talk about true decentralization then Bitcoin comes into play. Bitcoin has fixed amout of supply of 21M and no one can ever more than that ,Bitcoin is a deflationary asset whereas othe altcoins are not. Bitcoin has been a hedge against inflation historically, it has been increasing in value over time, that is, after every 4 years, Bitcoin has always increased in price. I didn't talk much I told them that, that was how it was with Bitcoin when it started but deep down me I wanted to give them more reasons but I was short of words so I guess my people here still have something more to say so I would love to hear from you so I can tell them when this topic arise again.
Secondly, another reason why many choose to invest in Bitcoin is that it is a major asset, whose price movement always influence the value of other cryptocurrencies. Unlike these altcoins whose price movement can never influence Bitcoin.
Yes, it is definitely worth investing in. I think the journey of the crypto world would never have been like this without Bitcoin. Everyone has a trust in Bitcoin and there is no doubt that trust can be placed here. This is the best coin for investment, other than this, no other coin is trusted in the market. Sometimes it is surprising when I see the price of Bitcoin and the prices of all other coins fluctuate. When I see such a situation, I feel very good.Bitcoin can be expected to do better in the near future because Bitcoin is such a coin in which if we invest, we can achieve something good in the near future.
I was having a conversation with my friends about crypto currencies and they asked me a question about why Bitcoin price is very expensive and people are still investing in it but other altcoins are still low but people are having a double mind to invest in it.
I didn't talk much I told them that, that was how it was with Bitcoin when it started but deep down me I wanted to give them more reasons but I was short of words so I guess my people here still have something more to say so I would love to hear from you so I can tell them when this topic arise again.
There is always a popular saying that when you ask questions, you can never get lost, and as such I'm happy you were able to identify this forum as the best place to get genuine response regarding topics that has to do with Bitcoin and crypto in general. So just like I said, there are a whole lot of reasons why people invest in Bitcoin, rather than other altcoins, ranging from the less volatile nature Bitcoin has, and a sure steady increased in long term investment, as compared to others that are very volatile, whereby you risk losing all your entire when you intend to hold long term.I didn't talk much I told them that, that was how it was with Bitcoin when it started but deep down me I wanted to give them more reasons but I was short of words so I guess my people here still have something more to say so I would love to hear from you so I can tell them when this topic arise again.
Secondly, another reason why many choose to invest in Bitcoin is that it is a major asset, whose price movement always influence the value of other cryptocurrencies. Unlike these altcoins whose price movement can never influence Bitcoin.
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One reason why people will continue to invest into Bitcoin is because during bull season they are believing that the price will always surge high to give them a good ROI while other cheap altcoins relays on the price of Bitcoin to surge high. Among the thousands of altcoins in the market only a few will show a growth during bear season, but during Bitcoin bull season most altcoins will move high too following the trend of Bitcoin. So, people prefer to invest in Bitcoin rather than gamble on some altcoins.
I think the reason why people are making Bitcoin popular is because of people's trust in Bitcoin, and more people are becoming interested in buying Bitcoin, which is why the price of Bitcoin is also increasing as the demand for Bitcoin increases in the free market. The reason for trust in Bitcoin is that unlike other coins, Bitcoin is unlikely to be lost. In fact, Bitcoin is the most secure and reliable coin to keep in the long term. You can call Bitcoin the heart of digital currency, because Bitcoin is the first digital currency to come to the market. All other coins are copies of Bitcoin. You can never compete with the original product with a copy product or achieve equal popularity.
There are some reasons why people are in high demand for Bitcoin, such as -
1. More miners make Bitcoin more secure.
2. Bitcoin's strong blockchain, which is almost impossible to hack.
3. The first digital currency or more popular.
4. Investment in Bitcoin by large companies, which makes Bitcoin more reliable.......
There are some reasons why people are in high demand for Bitcoin, such as -
1. More miners make Bitcoin more secure.
2. Bitcoin's strong blockchain, which is almost impossible to hack.
3. The first digital currency or more popular.
4. Investment in Bitcoin by large companies, which makes Bitcoin more reliable.......
I was having a conversation with my friends about crypto currencies and they asked me a question about why Bitcoin price is very expensive and people are still investing in it but other altcoins are still low but people are having a double mind to invest in it.
I didn't talk much I told them that, that was how it was with Bitcoin when it started but deep down me I wanted to give them more reasons but I was short of words so I guess my people here still have something more to say so I would love to hear from you so I can tell them when this topic arise again.
I think in this situation I would say BTC is the safest way and investing in alts is not that safe but yeah with some good narrative tokens which should be old like they are in the market for many years like Sol, ETH, ADA etc. etc. Point is, Investing in BTC, SOl, ETH is safest while investing in low caps or meme coins from alts category is very risky and aggressive form of investment which can have huge loss but the profit can be huge as well. I didn't talk much I told them that, that was how it was with Bitcoin when it started but deep down me I wanted to give them more reasons but I was short of words so I guess my people here still have something more to say so I would love to hear from you so I can tell them when this topic arise again.
Overall a investor should first make a plan about how much risk he can take for examples low risk, medium risk or aggressive risk. Then according to these categories divide his capital into these three categories and the safest investment in my sight is to invest in BTC, SOL, ETH and high cap tokens.
However, investing in the meme coins you mentioned is much more risky. However, investing in these meme coins has a much higher profit, but the risk Possibility is more likely than the profit.
Therefore, the investment decision depends on the risk-taking ability of an investor. Because if an investor invests the necessary money in a meme coin, (which you will have to face serious problems if you lose), it can also be lost. Because meme coins dump a lot at any time, and pump at any time, but most memes are bad, and one or two memes give something good.
So you must invest in the right place, it is best if you invest in Bitcoin, because it has the potential to bring life-changing success to every investor in the future.
I was having a conversation with my friends about crypto currencies and they asked me a question about why Bitcoin price is very expensive and people are still investing in it but other altcoins are still low but people are having a double mind to invest in it.
I didn't talk much I told them that, that was how it was with Bitcoin when it started but deep down me I wanted to give them more reasons but I was short of words so I guess my people here still have something more to say so I would love to hear from you so I can tell them when this topic arise again.
This question will be answered in two different form, I believe that bitcoin price been higher or lower will not make investors not to invest on Bitcoin....when bitcoin is high people will still develop the interest to invest in bitcoin, so therefore you can invest any time you feel like because theirs no time bitcoin can not increase or decrease in value, what we need is to have the capital and purchase when our mindset permits us to purchase bitcoin, even though bitcoin is expensive ensure you have purchase yours and keep, So for the aspect of altcoins you need to understand that bitcoin gives rise to altcoins and without bitcoin experiencing efficient bullrun I don't think that altcoins will increase. So altcoins is a sub of bitcoin and without existence of bitcoin altcoins will not last, if intercontinental government bans bitcoin today I will not reach two days you will not experience the existence of altcoins. I didn't talk much I told them that, that was how it was with Bitcoin when it started but deep down me I wanted to give them more reasons but I was short of words so I guess my people here still have something more to say so I would love to hear from you so I can tell them when this topic arise again.
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