Why on earth do you own bitcoin? - page 4.

verita1

member

Activity: 1358

Merit: 81

I am a Freelancer and earn my income on bitcoin, eth, and other altcoins. For that reason I hodl crypto also if you have not noticed bitcoin disrupted money, we are making history with the new blockchain technology, the ecosystem is growing. 🙏

Some statistics show interesting perspectives on how crypto enthusiasts are advancing in the world.

Quote

Did you know?

Fewer than 5% of people worldwide have * ever * used #Bitcoin or any cryptocurrency.

Just like the internet began with only a tiny core of users, $ BTC and crypto are still in their infancy.

Thread as to why adoption will explode over the next decade:

🔽

https://twitter.com/crypto_tolkien/status/1409476578753515521?s=19

sapnu

sr. member

Activity: 1050

Merit: 286

Quote from: James Watson on June 27, 2021, 08:52:26 PM

Recently everyone is very anxious, the market from time to time falls, sometimes with the negative news waterfall, sometimes without the negative news waterfall, as for the positive news almost no, it really makes people hate the teeth itch. Whether it's profit withdrawal or principal loss, watching your money slowly being eaten up by the market is generally an individual's anxiety. The more we get to this point in time, the more I think it's important for us to ask, or for us to ask ourselves, what are you holding bitcoin or Ethereum or any other digital currency for?

Why on earth do you not have any bitcoin up until now? Bitcoin was comprehended as the future and it will help you in lots of ways. Everyone is dying to have it right now because they are well aware that at some point, it will secure their future. In terms of what am I currently holding, I prefer bitcoin more right now even though I also have some holdings for Ethereum. Bitcoin has a huge potential of coming back much stronger considering what it did last year wherein it had the most unexpected continuous bull run. I think people now are paying much attention to that.

MinoRaiola

legendary

Activity: 2310

Merit: 1848

Bitcoin and blockchain technology would be capable of great things. A 100% secure system, which could not be manipulated by a decentralized computer network and the solving of arithmetic tasks. The blockchain is stored on millions of hard drives and new notes are constantly being activated to make it more and more secure. Climate-friendly power sources and sustainable solutions. Bitcoin would protect people from overbearing authoritarian governments and banks or financial service providers would have to adapt to the people.

xSkylarx

hero member

Activity: 2366

Merit: 594

Been hearing this question since 2016 when I started investing in bitcoin. My answer is we are slowly going into a digital world and cryptocurrencies not just bitcoin will make a big impact when this happens like most businesses will become cashless. People still don't accept the concept of digital money, they still think that it is not secure or can disappear easily because it only exists on the internet. Having bitcoin is a good investment also because it has a very limited amount of supply so its price will likely increase in the future.

sherryDEFI

jr. member

Activity: 66

Merit: 2

At first, I have the currency because listen to friends say it can bring huge wealth, at that time, I will follow my friends bought some, but it was because of the plunge, I also sell some, but as I study in-depth knowledge of encryption currency, I began to have a plan to buy, is no longer at the highest price to buy, and sell when tumbled, I think I have gradually become a loyal fan of Bitcoin, I believe it not only brings wealth but also brings new changes to the world.

swiftbits

sr. member

Activity: 938

Merit: 251

The chances of it getting bigger after the time you bought it is high, the market might be volatile or it might stay stable for a year, but we will reach another all time high anyway.

#dhabitamartha

member

Activity: 673

Merit: 10

i hold bitcoin and i still believe bitcoin is still valid in the world and i still invest my money in bitcoin even though the bitcoin price tends to fall like a waterfall but sometimes like a balloon that will explode this just takes patience and luck

DarkIT

sr. member

Activity: 1176

Merit: 252

Quote from: just_Alice on June 30, 2021, 05:52:00 PM

I own in the hope that soon enough it will be implemented in the modern economy and I'll be able to use it. When that happens - it will become money for spending. I also try to hold when the price drops drastically, just to ensure I don't lose a lot of money because of price volatility. And some part I own just out of curiosity: how high will Bitcoin reach (I guess I'm never selling that part, though I know it's wrong Cheesy

).

Modern economy is purely depending on bitcoin. The world population with of 60 percentage had the capacity of bitcoin. Most of them are investors, few of them are signature campaign working people. At the end the flow of bitcoin among the people was increasing every year.

bocyaj

sr. member

Activity: 1313

Merit: 302

Quote from: James Watson on June 27, 2021, 08:52:26 PM

Recently everyone is very anxious, the market from time to time falls, sometimes with the negative news waterfall, sometimes without the negative news waterfall, as for the positive news almost no, it really makes people hate the teeth itch. Whether it's profit withdrawal or principal loss, watching your money slowly being eaten up by the market is generally an individual's anxiety. The more we get to this point in time, the more I think it's important for us to ask, or for us to ask ourselves, what are you holding bitcoin or Ethereum or any other digital currency for?

We should avoid of panic to get good profit. All the time people fear about the loss and do panic selling.Mostly the new traders do this one. It's not a good strategy in the trading. Really holding will give you good profit. If you keep shit coin for 6 months, you get decent profit from it.

just_Alice

hero member

Activity: 1274

Merit: 622

I own in the hope that soon enough it will be implemented in the modern economy and I'll be able to use it. When that happens - it will become money for spending. I also try to hold when the price drops drastically, just to ensure I don't lose a lot of money because of price volatility. And some part I own just out of curiosity: how high will Bitcoin reach (I guess I'm never selling that part, though I know it's wrong Cheesy

).

Shenzou

sr. member

Activity: 1400

Merit: 283

The majority of people who own bitcoin are in it for the profit and the investment, and no one actually will tell you that they own bitcoin because they hope for a better financial system that is decentralized and not controlled by governments, and to me that is a huge concern because if people just use it for profit and they buy and sell based on the price if bitcoin takes a hit and falls in price people will start selling and it will affect it in a bad way, i am not gonna lie that i am not also in it for the money, but i try to use bitcoin whenever i can as a payment method and not just have it sit around in my wallet.

randegibran

sr. member

Activity: 882

Merit: 252

this is not just a matter of money alone, but it is more inclined.to the investment center where the investment is very useful for a future. with a little saving in the form of investment then we can at least get a little profit in the future, what else this is an investment in the form of long term and easy to make transactions.for example we want to stop we can withdraw.our money back by selling it, and also we can still buy it to invest. long

CryptoStar19

jr. member

Activity: 70

Merit: 2

No one knows the future, but to me the possibility of btc hitting 100k or above remains by the end of the current year. Why hold bitcoin? Because despite the volatility it remains the best performing asset class since it was created. That and because of the understanding of what it is which creates conviction as to where it is going. And that conviction doesn't shake with temporary market moves. Bitcoin is a long-term play and it's in time-frame of years that it is and has been a sure bet.

marilynmanson21

hero member

Activity: 1260

Merit: 510

I have bitcoin because I have hope in bitcoin with big profits, and my savings for my child in the future, when my child grows up the possibility of bitcoin is still growing and hopefully reaches 100k usd later

Simple opini

GeorgeJohn

hero member

Activity: 1498

Merit: 711

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Quote from: James Watson on June 27, 2021, 08:52:26 PM

Recently everyone is very anxious, the market from time to time falls, sometimes with the negative news waterfall, sometimes without the negative news waterfall, as for the positive news almost no, it really makes people hate the teeth itch. Whether it's profit withdrawal or principal loss, watching your money slowly being eaten up by the market is generally an individual's anxiety. The more we get to this point in time, the more I think it's important for us to ask, or for us to ask ourselves, what are you holding bitcoin or Ethereum or any other digital currency for?

For cryptocurrency market to fall does not mean that crypto holders are absolutely wrong by holding their bitcoin or any other cryptocurrency, holding a coin for intervals of years can equally turn to positive gain, because i could remember vividly when bitcoin was at rate of ten (10k) in the year 2019 and 2020, those set of people who happened to purchased it at that point and refused to sell the coins till this period, i think they has made a huge amount of profit, this scenario just given an examples or the advantages of keeping bitcoin for a long period of time.so in summary nothing is wrong for holding a bitcoin from my perspective or sight.

Desmong

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Activity: 812

Merit: 13

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This is just like asking why price move up and down the market and why people risks their funds to allowing their money to just get lost without making any retrieval means. Don't you know that everything in live is full of ups and downs. Nothing comes easy, even successful business men you have seen had passed through different stages of emotions seeing their hard earn money just go like that.
Bitcoin like the general cryptocurrency market is another form of legal tender that is used as means of transactions for goods and services. Bitcoin is a digital currency which is mostly acceptible as financial instrument for transactions and services.

carlfebz2

hero member

Activity: 2926

Merit: 722

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Quote from: James Watson on June 27, 2021, 08:52:26 PM

Recently everyone is very anxious, the market from time to time falls, sometimes with the negative news waterfall, sometimes without the negative news waterfall, as for the positive news almost no, it really makes people hate the teeth itch. Whether it's profit withdrawal or principal loss, watching your money slowly being eaten up by the market is generally an individual's anxiety. The more we get to this point in time, the more I think it's important for us to ask, or for us to ask ourselves, what are you holding bitcoin or Ethereum or any other digital currency for?

Majority will be answering on the reason mainly for "PROFITS"!

Only a few or would a bit rare if someone will be answering or telling out that theyve been holding bitcoin just on mainly been supporting it when it comes to its real actual usage or similar sentiment.

Majority will really be longing for profits and this is the sole reason on why we've been investing on the first place is for the sake of making profits and second priority would be talking about support.

I do own bitcoin with that sole reason and for sure majority would having the same exact thing in mind.

sunsilk

hero member

Activity: 3038

Merit: 634

Quote from: Lorence.xD on June 29, 2021, 04:20:57 AM

Quote from: sunsilk on June 28, 2021, 06:47:41 PM

There's no need to ask myself why I'm holding on. I believe on what I'm holding that there's a future that will be greater than what we've witnessed recently.

It's like the same as asking yourself, why do you need to invest?

Me too, I think that believing in the potential of bitcoin is the only reason why I still own bitcoin, for me the 10 years that bitcoin has been in this world is enough proof that it will stay here and that it's prices will only have one way but to go up.

Even though it may not be much for some to still see the potential that it has. But we've seen the proof in our lives how bitcoin made our lives better and changed a lot of things in our living aspect.

No need to have that much reasons why we're investing in bitcoin. As long as we've got enough few reasons why we're leaning and believing on it, people will see and regret that they've been late knowing and investing on it.

22bits

member

Activity: 85

Merit: 25

others have said it well also, why invest? Well to do nothing is to leave it in fiat so therefore we need to find something that goes up over time and is a store of value, gold, silver, real estate, mona list paintings, all have shortcomings we may not want to deal with. Bitcoin is an option that addresses a lot of shortcomings of other store of value items.

AicecreaME

sr. member

Activity: 2436

Merit: 455

Quote from: James Watson on June 27, 2021, 08:52:26 PM

Recently everyone is very anxious, the market from time to time falls, sometimes with the negative news waterfall, sometimes without the negative news waterfall, as for the positive news almost no, it really makes people hate the teeth itch. Whether it's profit withdrawal or principal loss, watching your money slowly being eaten up by the market is generally an individual's anxiety. The more we get to this point in time, the more I think it's important for us to ask, or for us to ask ourselves, what are you holding bitcoin or Ethereum or any other digital currency for?

If you plan to invest long-term speaking, you shouldn't worry much whenever reading or hearing news like that. Bitcoin is volatile. I don't know how many times I've said this in different posts. Anyone planning to invest or save in cryptocurrency platform should know that before diving into it. If you are easily shaken with these kind of news, maybe you still need to save more courage before entering crypto.

When it comes to investment, always be reminded that high risk, high rewards. Risking is always a part of every investment we will make may it be in crypto or other investment vehicle. Just manage your funds wisely and risk what you can afford to lose. In addition, i suggest diversification of funds to avoid inconvenience, losses, and regrets in the future.

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