Why is Bitcoin the best asset for investment currently? - page 2.

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Quote from: Y3shot on April 25, 2024, 11:57:24 AM

Bitcoin is a digital investment and always good when it is long-term investment. The reason why people prefer to invest in bitcoin than other asset is because people found it very easy to acquire bitcoin for investment, people can buy just according to what they can afford compare to other asset that most salaries earner can even think of starting investment with these asset because what they earn is not enough to get real estate, maybe gold. It is not even everyone that can afford gold.

Talking about affordability, Gold might not be too much out of range for an average investor because one can buy at least 1 gram of Gold which is probably the least amount and it costs around $75 based on Gold's current market price which is around $2315 per ounce. But you are right that it cannot match the affordability level of Bitcoin because one can buy Bitcoin worth as low as $10 if they are buying from a centralized exchange, you might even be able to buy less from a P2P platform.
Anyway, I think the choice of an investor might also change based on what they expect from their investment. Some might want quick profits while always ready to take risks, and some might not like taking risks and are okay with slow and gradual profits. So based on that, one might choose to invest either in Bitcoin or Gold respectively.

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Quote from: GeorgeJohn on April 22, 2024, 09:30:28 AM

Everyone have it ways of understanding investment, bitcoin is good investment due to it stands on it own and you as investor monitors your investment by yourself, so I will say that is why people like bitcoin, it doesn't mean that it better than other investment like real estate management and people who invest on oil well (crude oil) so we have different investment that can yield positive to us, but the problem is we are unable to discover some of the investment that will be nice for us to invest, bitcoin have many criticism when it was established but today many people has embraced Bitcoin.

Bitcoin is a digital investment and always good when it is long-term investment. The reason why people prefer to invest in bitcoin than other asset is because people found it very easy to acquire bitcoin for investment, people can buy just according to what they can afford compare to other asset that most salaries earner can even think of starting investment with these asset because what they earn is not enough to get real estate, maybe gold. It is not even everyone that can afford gold.

Investment of bitcoin is for everyone no matter how low you earn, it is possible for one to just buy small and accumulate it . This is the reason why bitcoin is considered to be one of the best asset to invest.

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Quote from: Smack That Ace on April 09, 2024, 07:45:39 AM

Quote

Why is Bitcoin the best asset for investment currently?

We don't need a long explanation, bitcoin is considered the best investment asset today because there are stories that it has increased in price millions of times, many people have become millionaires by holding it for a few years...is being spread around the world. Many people don't even know what bitcoin is, how it works, what its supply is...they know nothing about it but they know that it can keep going higher and they invest in it.

I never see these posts or questions during bear season but when cow season comes, there are thousands of questions similar to this all over social media. This is also a sign for me to realize that cow season is really approaching. Cheesy

Bitcoin's allure as a top investment asset stems from its staggering price surges, making millionaires out of holders. Despite widespread enthusiasm, many lack understanding of its workings or supply. Remarkably, interest peaks during bullish seasons, signaling their onset. It's a reminder that bull markets are imminent.

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It can be said that Bitcoin is the best new asset worth investing in at the present time. Many people have compared it to gold and real estate. But for me personally, gold is not considered an asset for investment. As for real estate, Bitcoin shows many outstanding advantages in terms of liquidity, not depending on anyone and any legal documents.

With real estate, the risk of choosing the type of real estate that gives the best profit, is less susceptible to disputes and document fraud is an extremely headache and requires a lot of skills and time to research. But with Bitcoin, there is only 1, it cannot be faked and buying and selling is extremely easy. Bitcoin investment can take place anywhere you want, without border barriers. There are so many advantages and conveniences in investing in Bitcoin that this is the asset type chosen by young investors. And these are also the future generation of billionaires. So in the near future Bitcoin will be really hot and will always be in the investment portfolios of large funds

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Quote from: coinerer on April 22, 2024, 10:52:50 AM

Quote from: GeorgeJohn on April 22, 2024, 09:30:28 AM

Everyone have it ways of understanding investment, bitcoin is good investment due to it stands on it own and you as investor monitors your investment by yourself, so I will say that is why people like bitcoin, it doesn't mean that it better than other investment like real estate management and people who invest on oil well (crude oil) so we have different investment that can yield positive to us, but the problem is we are unable to discover some of the investment that will be nice for us to invest, bitcoin have many criticism when it was established but today many people has embraced Bitcoin.

Bitcoin continues to complete its 4 year circle successfully and many people are successful in investing in Bitcoin. Investors are not afraid to invest in Bitcoin because it is possible to get profit from Bitcoin if invested for a long time. Bitcoin is the top 1 coin in the market with the largest market cap among cryptocurrencies. while investors are afraid to invest in other coins, investors are not afraid to invest in Bitcoin. and all things considered, everyone considers Bitcoin a potential asset.

who told you that is possible for someone to make a profit through bitcoin investment I don't think that that is right there is on investment that is easier for someone to make a profit or investment is all about risk sometimes why some people said that bitcoin is a scam it is because the invested in Bitcoin and during the process the invested in Bitcoin may be bitcoin get decrease in the market and since then they continue to Lament or emphasize that bitcoin is a scam, want to state it categorically for you to understand or comprehend me very well none investment that is easier for you to make a profit because all investment is all about risk which theirs every tendency that bitcoin investment can be same as others you that you will find difficult to make a profit

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It was already evident, with the structure of Bitcoin it is surely better than gold for sure there was no explanation needed about that, I mean if we are going to compare Bitcoin to everything like gold, fiat money, stock, etc. it would stand on that top for sure. Still, it wasn't going to be a guaranteed thing there will always going to be some kind of doubt about it because it was still a new thing or new technology even though it has already been more than a decade there will be no proof of it that it is a guaranteed thing, in the coming years we don't know if Bitcoin is still going to exist anymore, something could just come up in the 2030 then Bitcoin might be gone already, like war, calamity, etc.

It is a good investment if you are going to put some on Bitcoin it might have a high chance of getting a huge profit, but I would still stick to real estate as an end game, investing on other investment but the end income that is probably safer investment is going to be real estate since its a tangible assets.

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Quote from: Princess Leah on April 09, 2024, 07:00:46 AM

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As you can see, unlike other Assets, Bitcoin is a decentralised asset and can't be created more, but increases in value when it's price is halved. But note that Bitcoin as an asset is very volatile in nature, therefore you shouldn't invest all your savings but a spare money you could lose without getting very emotional. However everyone needs to take advantage of this years halving and take profits to prepare for the next very early.

You meant to say, when the production of new BTC every 10 minutes is halved, I suppose.

Well, it increases in value not right away, not immediately, but as we've learned from previous years a significant increase is inevitable, and I think we are yet to see the impact of the latest halving. Wink

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Quote from: GeorgeJohn on April 22, 2024, 09:30:28 AM

Everyone have it ways of understanding investment, bitcoin is good investment due to it stands on it own and you as investor monitors your investment by yourself, so I will say that is why people like bitcoin, it doesn't mean that it better than other investment like real estate management and people who invest on oil well (crude oil) so we have different investment that can yield positive to us, but the problem is we are unable to discover some of the investment that will be nice for us to invest, bitcoin have many criticism when it was established but today many people has embraced Bitcoin.

Bitcoin continues to complete its 4 year circle successfully and many people are successful in investing in Bitcoin. Investors are not afraid to invest in Bitcoin because it is possible to get profit from Bitcoin if invested for a long time. Bitcoin is the top 1 coin in the market with the largest market cap among cryptocurrencies. while investors are afraid to invest in other coins, investors are not afraid to invest in Bitcoin. and all things considered, everyone considers Bitcoin a potential asset.

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Quote from: livingfree on April 09, 2024, 07:27:46 AM

The gold investors and fans would argue about it having limited resources or supply too. But no one knows what measurement and what exactly is the limit of it.

I believe gold’s value has a lot to do with how it is extracted and not really with how many there is left. Like you said no one knows the exact amount of gold left to mine but we all know that it’s not an easy task to mine some.

It’s expensive and quite rare but we don’t know how rare.

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Everyone have it ways of understanding investment, bitcoin is good investment due to it stands on it own and you as investor monitors your investment by yourself, so I will say that is why people like bitcoin, it doesn't mean that it better than other investment like real estate management and people who invest on oil well (crude oil) so we have different investment that can yield positive to us, but the problem is we are unable to discover some of the investment that will be nice for us to invest, bitcoin have many criticism when it was established but today many people has embraced Bitcoin.

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Quote from: Jon pyagbara on April 20, 2024, 10:25:15 AM

Op nice one , but I think Bitcoin is the only asset that when you invest in it you are at least 90% sure of a profit, because it doesn't just depend on investing, but knowing the appropriate time to invest,Hodl or sell, so with this we can already predict the direction of the market, we all know the halving is around the corner and it is also a very good time to Invest in BTC, because after the halving we know the price and value of BTC will always surge to a new one, Bitcoin can't be compared to other assets because you can easily predict it's future compared to other assets.

Not entirely like that because I'm pretty sure almost everyone is in bitcoin they must have doubts that are greater than confidence and those who are really sure even up to 90 percent as you said it is because they really have benefited in it.

But things like this cannot be obtained especially for those new people who do not know the performance of bitcoin but are in bitcoin due to fomo.
I always say that everyone has the right to be in bitcoin but not everyone can be absolutely sure that bitcoin can be profitable for several reasons so that in this case it is clear that not everyone can benefit in this case especially for those new people or indeed only in bitcoin without learning first because they only do it because of fomo.

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Quote from: Hypnosis00 on April 19, 2024, 09:00:07 AM

Bitcoin is more profitable than any other investment whether short-term or long-term because of its volatility. But if we talk about safety assurance, this is certainly not the best asset ever as it is prone to hacking. Due to its high risk, many investors choose not to get involved here but rather choose to invest in real estate and the stock market.

Maybe I missed something but I haven't seen a chart proving that the majority are investing in Bitcoin making the statement true that Bitcoin is the best asset now. Because what I see is that rich people are mostly in real estate investment. Maybe some of them are buying Bitcoin now but probably it is just a small chunk of their total investment funds.

Bitcoin is safe, bitcoin blockchain is quite safe, but many people investing in bitcoin do not have enough knowledge, so there have been hacks that have made many people feel scared and think that it is not safe.

But I agree with you it is not the best investment property. Many people only look at its profitability aspect and assume that it is the best asset, which is clearly a biased and unfair assessment.

You are right again, the rich still focus on gold and real estate because they are truly reliable assets that have been proven for thousands of years. As for bitcoin, there are still some rich people investing, but the majority are small investors who want to use their little money and wish to become rich and become millionaires. But many people are denying that reality and they always say that they don't invest in bitcoin to get rich quickly or for small amounts of money.

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Kevin O'Leary the investor and one of the cast of Shark tank recently talk about bitcoin and he said I believe over the next five years Cryptocurrency will become the 12th sector of the S&P. https://twitter.com/kevinolearytv/status/1771580299912020016

and he said that bitcoin and other cryptocurrency will paved new way to financial market

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Quote from: Dailyscript on April 19, 2024, 02:22:58 AM

Based on my research so may persons have invested in bitcoin but only 30% of the population has the willingness to hold their bitcoin for long. Now it is not because they have more money than the rest 70% but their mindset and understanding of bitcoin made them to decide t hold their bitcoin through all phase.

Really? How did you go about this research? What metrics did you use to conduct this study or was it from an article? Because AFAIK there is no accurate way to determine how many people actually own Bitcoin. Your research is even more interesting because even if you are able to estimate the amount of people who own Bitcoin in 2024, statistics cannot tell you the “mindset” or intentions of the individuals who own Bitcoin, if they plan on hodling long term or not.

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Quote from: Princess Leah on April 09, 2024, 07:00:46 AM

Lots of people especially those with little knowledge about Bitcoin and it's mode of operations, would be wondering why Bitcoin is the most talked about crypto asset to invest on currently but this image below would help enlighten them with a clue to what they need to understand.

Further more in summary of what the image above portrays, based on the bitcoin halving Bitcoin becomes more scarce and it's value surges very high, therefore since we're in the season of the bitcoin halving investing in it currently seems like the best decision anyone could take currently, if you noticed many industrials and financial institutions are acquiring more Bitcoin currently instead of selling so it's in the best interest of individuals to take advantage of this information and invest on Bitcoin while it's not yet very late.

As you can see, unlike other Assets, Bitcoin is a decentralised asset and can't be created more, but increases in value when it's price is halved. But note that Bitcoin as an asset is very volatile in nature, therefore you shouldn't invest all your savings but a spare money you could lose without getting very emotional. However everyone needs to take advantage of this years halving and take profits to prepare for the next very early.

Op nice one , but I think Bitcoin is the only asset that when you invest in it you are at least 90% sure of a profit, because it doesn't just depend on investing, but knowing the appropriate time to invest,Hodl or sell, so with this we can already predict the direction of the market, we all know the halving is around the corner and it is also a very good time to Invest in BTC, because after the halving we know the price and value of BTC will always surge to a new one, Bitcoin can't be compared to other assets because you can easily predict it's future compared to other assets.

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Quote from: GeorgeJohn on April 16, 2024, 05:39:23 PM

It is the way you understand Bitcoin that is how you will invest on it because so many persons has invested in Bitcoin and the go into handed because they have not comprehend the systematic way of investing in Bitcoin but today many people are investing in Bitcoin due to they have understand they advantages and the disadvantages of Bitcoin, and they can testify as a beneficiary of Bitcoin today based on they have understood the system of Bitcoin.. I will advise anyone who is going to invest in Bitcoin to make a proper research of Bitcoin before the person invest on it because some people does not see bitcoin as assets bitcoin as liability or waste of time

The first and foremost reason we have is most likely bitcoin offers more profitability rate compared to other investments. None of us will take higher risk if the rewards will not compensate us. However, in order for this to happen, extensive research and studies should be properly done so we won’t end up investing like gambling. Most particularly for bitcoin with such high volatility, it’s certain that those who wish to invest without sufficient knowledge might probably invest at a gambler’s point of view.

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Quote from: Smack That Ace on April 09, 2024, 07:45:39 AM

We don't need a long explanation, bitcoin is considered the best investment asset today because there are stories that it has increased in price millions of times, many people have become millionaires by holding it for a few years...is being spread around the world. Many people don't even know what bitcoin is, how it works, what its supply is...they know nothing about it but they know that it can keep going higher and they invest in it.

Another reason why Bitcoin is one of the best assets someone can have is that the Bitcoin that is already circulating is the only one we know will be there, so the thing is that since there will not be more Bitcoin to be produced, the ones here will definitely be adding value over time, and as time goes on, their price will surprise many people.

If bitcoin surprises many people, the price will reach places we didn’t even expect because many people are not getting to know how bitcoin investment is going to boost someone's financial status when we hold it for a long time. However, I won’t say it is the best asset or one of the best assets because we are not viewing it the same way.

Quote from: GeorgeJohn on April 16, 2024, 05:39:23 PM

It is the way you understand Bitcoin that is how you will invest on it because so many persons has invested in Bitcoin and the go into handed because they have not comprehend the systematic way of investing in Bitcoin but today many people are investing in Bitcoin due to they have understand they advantages and the disadvantages of Bitcoin,

You are right. It is always unfortunate to invest in bitcoin or any other cryptocurrency without knowing the proper way to do so. If you invest in bitcoin, however, not only in bitcoin but in anything, even in a physical business, the risk and how to manage the risk involved in such a thing are not always advisable. It is not always advisable to invest without knowing where we are putting our money. We may lose or get scammed.

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Quote from: Hypnosis00 on April 19, 2024, 09:00:07 AM

Bitcoin is more profitable than any other investment whether short-term or long-term because of its volatility. But if we talk about safety assurance, this is certainly not the best asset ever as it is prone to hacking. Due to its high risk, many investors choose not to get involved here but rather choose to invest in real estate and the stock market.

Maybe I missed something but I haven't seen a chart proving that the majority are investing in Bitcoin making the statement true that Bitcoin is the best asset now. Because what I see is that rich people are mostly in real estate investment. Maybe some of them are buying Bitcoin now but probably it is just a small chunk of their total investment funds.

I bet these rich people will never admit that they have been investing in bitcoin, simply because bitcoin should be held anonymously. The only thing we know is that they are focused on real estate or stocks because that’s what they’ve been telling us, except for bitcoin that they kept hodling without telling us that they are into it.

For me, bitcoin is the best asset for investment because it’s highly in demand with this current digital age. And the more that people gets to acquire bitcoin, the higher the price it will be, something that keep us wanting more. And there’s no any investment that will give you massive profits effortlessly just by hodling it while waiting for the market to surge high again and get into its new all time high.

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Bitcoin is more profitable than any other investment whether short-term or long-term because of its volatility. But if we talk about safety assurance, this is certainly not the best asset ever as it is prone to hacking. Due to its high risk, many investors choose not to get involved here but rather choose to invest in real estate and the stock market.

Maybe I missed something but I haven't seen a chart proving that the majority are investing in Bitcoin making the statement true that Bitcoin is the best asset now. Because what I see is that rich people are mostly in real estate investment. Maybe some of them are buying Bitcoin now but probably it is just a small chunk of their total investment funds.

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Quote from: livingfree on April 09, 2024, 07:27:46 AM

The gold investors and fans would argue about it having limited resources or supply too. But no one knows what measurement and what exactly is the limit of it.

Compared to Bitcoin, we all know that it's got a 21 million supply and the last Bitcoin to be mined will take 120+ years before it happens.

With all of the comparisons and aspects of Bitcoin, it's no doubt a phenomenal asset that everyone should look at.

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Bitcoin miners also have a long way to go, gold can be mined unlimitedly but not the same with Bitcoin mining, since the total Max supply that will ever exist is 21 million.

Another reason why Bitcoin is the best is its reliability, against the banks and also the government, many people are still underestimating this potential, but being out of the government's reach is insanely powerful on its own.

Nothing is more decentralized than Bitcoin in the world today, it's a big breakthrough because right from time there is nothing that the government or the centralized power can not trample on and take over but they fail with Bitcoin.

I believe that Bitcoin miners will still be around for transaction sake and the value of Bitcoin at the time is what will make miners to keep mining, It is clear how important it is for Bitcoin to keep on adding more value.

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