Topic: Why is Bitcoin the best asset for investment currently? - page 7. (Read 1396 times)

It seems you’re already having the basic knowledge of the cryptocurrency industry and that’s a nice one and in everything we do, we should always remember to invest only what we can afford to lose as the market is actually a very volatile one and nothing is guaranteed and as such, you’re responsible for every action you take.

One major reason why bitcoin has stood out, it’s because it has proven itself over the years and still doing same till date and with the level of decentralization surrounding bitcoin, I thinks that’s enough reason to embrace it.

I do not agree completely with this picture because Real Estate is a relatively good investment, Land availability is on the decrease and even if already existing structures are built to solve the issue of homelessness, the accommodation will quickly be all occupied because birth rate is high, and the population is increasing.
So, because there will never be too much accommodation that no one needs it anymore, real estate will always remain a good investment like bitcoins.

As I've said a million times over on this website, it's important to always remember that bitcoin is inherently not an investment, but a mean so exchange that is decentralized and all that other good stuff.  It's a great asset to have, and something that makes sense for most people to own in their investment portfolio, but it's important to make sure you can afford to put whatever percentage amount in that you do.  It's volatile, so be wise/careful.

When assets that provide benefits become scarcer, they will become more expensive. And that's what bitcoin is like.
When there are still a lot of bitcoins, the price is not very expensive but when it becomes more difficult to get bitcoins, the price will start to rise. That is understandable because bitcoin has now become a rare asset.
Not many people can own 1 BTC but they can still buy bitcoins with small amounts of money. That is an advantage for those who want to invest in bitcoin.
And when the halving has passed, the price could increase even more. People will be increasingly eager to own more and more bitcoins. And that will make the price go up.

I love your conclusion but the OP makes everything look outrageous. So you guys think the 21 million limit doesn't have its disadvantages as well? Do the arithmetic in line with economics. This is one of the reasons why Bitcoin can't be suggested as the world reserve asset even if it is accepted all over the world. But the Gold had done that and fitted very well due to its characteristics and also because of its enough availability. I wonder how Bitcoin would fit in when it is that scarce.

Bitcoin is a very good asset, no doubt, but what I can see with the OP is the repetition of what we always hear about it. I hope the scarceness that might happen due to the limited supply helps forever, and that is if the demand is increasing. In the absence of that over time, it is another issue. Personally, I'm done comparing Bitcoin with anything, let Bitcoin be Bitcoin and other assets be other assets, because as many are saying the pros of it over other assets with a lousy mouth, the more I see the pros of other assets over it. Nevertheless, as a true investor, I do not discriminate, I love all.

Have you seen how many trillions of dollars Gold garnered in a few months? It is about x4 the whole market cap of Bitcoin. What demand is more than that? I think guys should stop this comparison and enjoy their Bitcoin as Bitcoin.

It is a good asset but the chances of spending it for daily necessities are limited in terms of the country you live in, their legal status and the availability of merchants accepting crypto.

You might even be forced to hold and not spend bitcoin because of no merchants accepting it or the government having backward policies.

Hence use fiat to spend all daily needs and store bitcoin in the background. You never know when the price of bitcoin touches 100k USD and then you will regret not having bought crypto at lower or sold early. Most of the users of this forum are hodlers and hence this sentiment and not the other will face a lot of support.

Bitcoin is something that is very well-known and powerful digital asset worldwide, which is trusted and powerful among the silver and real estate. But due to high fluctuation in its price, it is possible to gain a lot of profit by trading or holding it. And due to the popularity of Bitcoin worldwide, the system of payment through Bitcoin is gradually being introduced. all in all, Bitcoin is known to be a suitable and powerful asset for easy transactions and investments. so currently investment in real estate and gold as well as Bitcoin is increasing a lot

Because it is a hedge and can be expected to return when it reaches the highest price in each period of increase.
That's why I think Bitcoin is the best asset for investment.
Apart from these two things, making Bitcoin an investment is not complicated because we are in complete control. If something urgent happens, we can use Bitcoin for that need without any hassle like at a bank.

Some users and countries may think Bitcoin is an investment asset, but not all users and countries think the same thing, Bitcoin tends to be clarified as a trading asset or as a digital asset in digital payment methods, for example as is currently being done by the country of El Salvador.

The reason is based on the fact that Bitcoin tends to work more with a network system (peer to peer). Many people think that investment tends to be long-term, while trading tends to be more peer-to-peer, where while you are connected to a computer/laptop and the internet you are still safe to trade, as well as digital payment system methods.

Investment tends to focus on the long term, you wait too long for your investment to grow, unless it's like what's happening now with the halving, once every four years your investment will certainly be useful, However, not some investors think of Bitcoin as a digital asset that is traded short-term.

"Why is Bitcoin the best asset for investment currently?" - maybe because this investment asset brings crazy returns, incomparable to the profits received from building real estate, issuing shares, printing fiat money, or mining gold.

Bitcoin is the most talked about crypto asset for investment due to its hype. Long drops, sharp rises in value, intermediate oscillations similar to a roller coaster, multiple increases in price - all this doesn't leave ordinary people indifferent, for many of whom this is a ticket to a happy life, but few dare to take risks. Therefore, discussions about bitcoin don't stop, even in the central media.

People's interest is not due to the reduction every 4 years in the amount of mined bitcoins, but due to the fact that this leads to an increase in price. People are attracted not by the limited bitcoin's emission, but by the speculative nature of this crypto asset. That is, the opportunity to buy cheaper and sell more expensive. I would say that most people don't care about the technical aspects of bitcoin.

Investment gurus knows how original the idea of BTC is and from Its launch till date, it has shown reasonable growth beating its previous ATH to set a new record that is expected to rise even further upon completion of the halving event to take place shortly.
Also, at any point in time anyone person or large group of investors can buy BTC and hold or mine or trade and it is of good store value upon consideration for long term holdings or ETF trade on any exchange market.

The major reason why Bitcoin is considered the best asset as far as investment is concerned is vast but the definition we give is based on how we know it and how it has helped us financially. Nevertheless, the reason why Bitcoin maintains its rank as the best investment asset is because of its consensus mechanism, decentralization in nature, divisible, mobility, limited supply, censorship resistance, antifragility to attack, volatility (which is what technically impacts the historical surge in the price of Bitcoin), etc.

The major reasons people see it as the best investment are the profitability, consensus mechanism, and decentralization.

Bitcoin is the best asset of investment for many reasons in which we can list and still counting on them, i will have to present my own this way that bitcoin is a decentralized digital currency and not centralized, you can be profitable with your asset of investment in bitcoin by holding while others will require you go through some principles before you can earn, there is no limit to how much you can earn or invest, you have freedom on investment unlike with the centralized institutions, lastly, there is no need to undergo for kyc when trying to make an investment in bitcoin like you do with other forms of assets.

Well, technically many people or investors are considering bitcoin as the best assets to invested with, well its true and bitciin already proven that, but the thing is its better to have multiple investment so you will have different ways of earning also, so yeah even though bitcoin will be consider as the best option to invest to date, other investment assets can also be consider, such as real estate, gold and many more, honestly I also invest into different form of investment of course in bitcoin or crypto currency stuff, but nothing beats having more than one extra income, it may be a hssle and hard but the reward is enough to ease the hardship and the stress, you just need to be more knowledge and skillful in order to prosper in different field of investment. Might you consider also stocks market and forex because those also are profitable trading method.

In my opinion, the biggest added advantage Bitcoin has over many other investment options is both decentralization and ease. Real estate, stock and all other investment options are also very nice investment options but the problem is the fact that you need to understand how to maintain and properly manage them in order to prevent you from making losses instead of profits.
However Bitcoin on the other hand has a very easy option for investment which is actually being a long term holder. As a long term holder all you have to do is to make sure you understand how to keep your keys and coins safe then you are good to go. You don't actually require a lot of understanding and learning to do before you can invest in Bitcoin unlike other investment options.

All the points on why Bitcoin is the best asset to invest in as stated so far in this thread are very correct and truly noted, anybody that's privileged to be in the crypto space will attest to these facts. One of the biggest reasons why Bitcoin is the best asset to invest in as far as I'm concerned is that you don't have to be rich to become an investor, unlike real estate and the rest, infact no matter your class in the society, so far you're earning an income, you're qualified. At your own level and pace you can start doing DCA method, and as long as you're on it for the long term, the value of your Bitcoin will continue to increase in the future, so it's the safest investment for the super rich to the average and low income earners.

I think Bitcoin, real estate, stocks and gold are good investment. However, why I'd agree that Bitcoin is the best among them is for instance, gold supply can increase with demand but that of Bitcoin is finite, it is capped at 21 million. Also, when you compare it with stock and real estate, it's volatility is a concern but looking at the level of success it's been able to attain within a very short time frame, Bitcoin still stands out.

I think that the only comparison if it's related to mining and supply limit is that, we know that there's a limit for gold but we don't know how much it exactly is. Whilst for Bitcoin, there's a supply limit but we won't be there until one has been mined.

It's true that it's not easy to mine gold just like Bitcoin. The hash power and electricity that's needed to do it is enormous and the same for the resources and equipment needed to mine gold.

So, the value starts from there and people have been realizing this I guess. And just as with the use of gold for those other products, the same goes for Bitcoin that it can also be used but more than that and has more utility and use case than gold.

It's still different if it's pure which I think is the preference of most gold investors.

Back then, gold was the peak of investments because its supply also had its limits but we are yet to identify the exact amount of gold left to mine on earth. It is still a valuable investment because no one knows when the reserves will last and owning gold can give you a fortune in the future.

But with bitcoin we know when and only how many are left to mined so there is more sense of urgency compared to bitcoin now, not to mention that bitcoin is a lot more accessible and convenient to have. Bitcoin’s time is now as it is the time for bitcoin.

With same available technologies and devices, producers can boost or reduce production rate like gold, oil.

One more point, with developments of technology, there will be better capacity to dig deeper into the Earth to produce more gold and oil, even can get gold from asteroid, other planets and so on. It will be a story in future but we can not exclude it with gold.