Topic: Why is Bitcoin membership growing very fast - page 2. (Read 541 times)

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.

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.

But not all altcoins will fail or die over time. I know we are on a bitcoin forum and most of you are bitcoin maximalists but there is no denying the fact that. There are many altcoins that have existed and will continue to play an important role in the cryptocurrency industry such as: ETH, XRP, BNB...or even Doge will be the names representing the cryptocurrency industry in the future. The crypto industry is not just about bitcoin, we have many other projects.

I am not saying we should invest in bitcoin or altcoin because it is everyone's choice, I mean we should be honest when talking about bitcoin in particular and the crypto industry in general.

Altcoins have doom future and most of altcoins failed and died with time. It's a report from Coingecko, and there are many reports on dead altcoins.
Dead coins.
Number of Failed Crypto Coins, by Year

Bitcoin is strongest cryptocurrency in blockchain security, decentralization and a safest cryptocurrency in the market. Altcoins are more risky in recent years because they were created with Smart Contracts, and altcoins with Proof of Work less appeared in last two market cycles.

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.

Well, basically it is difficult to convince people why they should choose bitcoin, especially if they think that in altcoins they can get huge profits. These people usually only think about big and fast profits. For me personally, i will not try harder to explain to people who think like this, because people like this only need proof, and i will provide evidence of the results of my investment in bitcoin to them.

Why Bitcoin can be expensive, because its demand continues to increase and its supply is increasingly limited which makes the price of Bitcoin more expensive because the amount is limited and only 21 million bitcoins. So because of the high demand that makes the price of Bitcoin expensive because everyone wants to buy or trade Bitcoin which makes the price of bitcoin tend to increase. Likewise, if demand decreases, the price of bitcoin is likely to fall.

And besides that Bitcoin is the first and number one digital coin in the world and also has the largest capitalization which makes Bitcoin more solid and expensive and also trusted among other altcoins in terms of profits that have clear prospects for the long term, and even though Bitcoin is very expensive it doesn't mean you can't buy it and you can buy in small amounts according to your ability by using the DCA method you can buy regularly every week or month in small amounts according to your ability which makes your Bitcoin accumulate and become large in the long term.

Indeed, there are many reasons why Bitcoin is more popular than other crypto assets. The first reason Bitcoin has a decentralized system, in my opinion this reason is very interesting and a sign that differentiates Bitcoin from other crypto assets. Because most of the crypto assets or altcoins currently available, as far as I know, are not decentralized. So I personally think this is the factor that makes many people quicker to believe and invest in bitcoin. In essence, this decentralization factor makes people more confident and feel safe when investing in bitcoin.

The second reason is that bitcoin has a limited supply. This reason also has a big influence on the price of Bitcoin or the attractiveness of people to buy it. Because with a limited supply of bitcoin, the price will definitely get more expensive as time goes by. So it is not surprising that the growth of bitcoin investors is currently experiencing a very significant increase. This is different from the current Altcoins, most of which have a very large supply. So it is definitely very difficult for the price to increase significantly. I think in short that's why bitcoin is superior to other crypto assets.

The point is that investing in bitcoin is safer or has minimal risk and also has enormous potential than investing in other crypto assets.

It's because people are inviting people to invest in Bitcoin.

There have been so many thread where the @OP claimed to explain, teach, encourage, invite etc people to invest in Bitcoin, they want Bitcoin to be mass adopts. Hence, the Bitcoin membership growing really fast.

Only El Salvador legalize Bitcoin as a legal currency, while most countries legalize Bitcoin as a legal commodity or security.

You yourself know that Bitcoin is the top number one coin in the crypto world and only Bitcoin has been declared as a legal currency in many countries. And on the other hand, Bitcoin's supply is limited and no one can increase its supply even if they want to. Due to which day by day the demand of Bitcoin will be more expensive. Investors have been investing in Bitcoin for years with this in mind. So the Bitcoin crisis is slowly appearing in the market and that is why Bitcoin is becoming more and more expansive. And in the future surely bitcoin will be more expansive everyone has to believe it.

Bitcoin is moving for many reasons  - and it will become more and more appreciated and adopted as time goes on, in my opinion.
Though BTC itself, without Lightning Network and the likes of it is sometimes spoken only in the investment sense (spikes of the fees, all that jazz that sometimes arises, naturally), it still is a king of crypto and has clear goals in front of itself. And the greatest community.

Bitcoin is freedom 
I would add up one more right here.

OP, You have been on the forum for a year and somehow even get merits, but, strangely, you cannot explain to your friends the difference between bitcoin and other alternative coins. Whenever I see such topics, I always go to the user's history to understand what is wrong with him. And yes, I found the reason. You practically do not read the section about Bitcoin, although you are directly on the thematic forum. I will say in your words If you understood what you were talking about:



I found a similar topic created by you. Everything is clear here. For some strange reason, you do not believe in the value of Bitcoin, since you still have not bought it. Therefore, change the title of the topic. Firstly, you must understand what people are asking you about. But seeing this, I understand that you need to read carefully yourself and only then teach others.

People have more confidence in bitcoin than any other altcoins out there, that's why the ownership of bitcoin keeps increasing everyday. Even when bitcoin dumps, it has the ability to get back to it's previous price and go far above it faster than any other altcoins out there. That's why people prefer it more than any other altcoins. Also it's decentralised nature is also one of the main reasons why it is the most preferred coin. Just look at what's happening in the market currently, bitcoin has crossed it's previous ATH months ago and has continued setting new ones, yet many of the altcoins are still struggling to get to half of their previous ATH. So there are many reasons to give your colleagues who are asking you why bitcoin is the most preferred when next they ask you such question. You don't even need to think about it or consult anyone before knowing what to say as regarding why bitcoin is the most preferred coin out there.

Bitcoin is not a paradigm. It is just an electronic payment system that uses the coin of the same name for payments. Yes, such a phenomenon did not exist before. In addition, the decentralization of this system began to attract a large number of people who understood the advantages of this method of transactions. You can send money to any point in the world, which cannot be done with fiat money, for example, due to sanctions imposed on a particular state. This is where I live. Now I can’t just send money to another country. I have to use Bitcoin and other alts. Yes, a commission is charged and it takes more time, but this is a really great method that has no competition.

The answer to OP's question is very simple. People like winners and will do anything to be a part of the winning team. A lot of people who thought $50K bitcoin was expensive has since joined the bandwagon to ride it to $99K even at $100K and $150K, there would still be more buyers because Bitcoin is the only limited and finite asset in the world right now. So to conclude, use these on your bullet list of "why Bitcoin" question next time.

1. Only finite asset in the world (21M max supply, real number is even lower since millions is considered lost).
2. It's a movement already revolutionizing the financial world
3. Everyone loves winners and Bitcoin is one.
4. Permissionless and Completely community owned.
5. Bitcoin is Money. (this is the simplest definition of Bitcoin btw).

Bitcoin is expensive because it has limitless opportunities to grow in the market, and wise investors have seen it and even proven its real potentials in the market. So regardless of the price, bitcoin still gains the most in demand crypto in the market due to its high utility case. Unlike most altcoins that are just pump and dump scheme, which gave no assurance if they can still recover from their dump price.

You’re right. You don’t need to buy 1 bitcoin($96k) at a time, buying a fraction of bitcoin using DCA strategy is the best way to accumulate bitcoins. I think the challenge is that most people buy bitcoin for investment purposes and have a preconceived notion that Bitcoin is a get-rich-quick scheme so you can imagine how buying $0.6 worth of bitcoin does not fit into their plan.

There's nothing actually like Bitcoin membership thing and it possibly mislead people especially if they just read the title header.

Reason why bitcoin grows more bigger is the demand and trust of people that bitcoin will dominate more. Compare to alts where everything out there is questionable.

There's lots of scam on altcoins that's why people are skeptical to hold it, that's why rather than having doubts or confusion better stick on gaining lots of knowledge about bitcoin since for sure that everything would be worth it. Although right now you may think bitcoin is expensive as a whole but you can buy a portion for whatever things you like to happen.

OP I think you should edit the title of your topic. I thought you were talking about the increase of members on the forum. It’s normal for people to become interested in bitcoin once the price is up, I think a lot of people are moved to buy bitcoin because of profits. And majority of them end up buying altcoins instead of investing in Bitcoin because they are interested in quick profits.

The answer is very obvious. Because bitcoin is the only reliable and highly profitable cryptocurrency in the market, the rest are just a copied image which until now cannot still surpass or even manage to grow and develop like bitcoin. And to think that bitcoin is the blood of the cryptocurrency market, the king of all cryptocurrencies,  no wonder why bitcoin gains more membership than other crypto coins.