Why on earth do you own bitcoin? - page 7.

pooya87

legendary

Activity: 3472

Merit: 10611

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

watching your money slowly being eaten up by the market is generally an individual's anxiety.

Then you shouldn't have bought altcoins in first place. Altcoins will always keep going lower and lower as people dump them in the long run even though they may see some short term pumps.
As for bitcoin for the past 2+ months the price has been around $35k and hasn't been going anywhere else, so your comment doesn't apply to bitcoin.

As to answer your title, I own bitcoin because I seek financial sovereignty.

Nunoluck

full member

Activity: 452

Merit: 101

For me this cryptocurrency is the future of money. It is not only an investment but this is good technology which solve problems that we get when we using fiat. By using cryptocurrency we get a lot of advantages. In the past we use gold, now we use paper money, then the future should be digital money and the best digital money is bitcoin. I want to be a part of future.

Darker45

legendary

Activity: 2576

Merit: 1860

Isn't it somewhat odd that you are asking this question while hodling? This question matters, of course, but this is a very fundamental question which should have already been asked even before you made your first Bitcoin purchase.

I know that the reason for buying Bitcoin may not be the same reason for hodling it, but why did you buy Bitcoin or Ethereum or other digital currencies in the first place? The clue may be right there. If you bought Bitcoin because it is the emerging fad and it is cool to be in and not left out, then there's indeed no more reason for you to hold on to your Bitcoin now.

Xinarae*

sr. member

Activity: 1414

Merit: 326

Bitcoin is usually held by people for investment bitcoin's long term investment is very profitable. Traders invest in fluctuations because they know that even if the price goes up later it will go up again all the money in the world means money dollars or any currency has a regulatory body this work is usually done by the government but you would be surprised to know that bitcoin has no such company. Bitcoin is entirely public no one controls bitcoin continues to do its own thing that is why everyone owns through investment.

beneath time

newbie

Activity: 11

Merit: 0

I don't believe any of the above. I bought btc because it was trending. It has kept trending and made me some very nice return, and this is -surprise surprise- why I still hold and buy btc. It's a zero anxiety long game.

jellylily

jr. member

Activity: 50

Merit: 2

I bought Bitcoin because Bitcoin enables individual humans to have private property that is truly under their control in this highly information-based, centralized, and regulated society, and this private property can also be stored and transferred very conveniently.

BitcoinBarrel

legendary

Activity: 2026

Merit: 1034

Fill Your Barrel with Bitcoins!

I mostly get paid in crypto for work, and it's a practical way to save money and make online payments.

Kong Hey Pakboy

member

Activity: 1120

Merit: 68

Quote from: cabron on June 27, 2021, 09:09:37 PM

When you are trying to invest in for long term, you may not really think about the value in USD being eaten by the market. It will cross your mind every time the price dip which you could have decided to sell and buy later to increase the number of your satoshis. It's risky but traders do this. They do this to own more BTC because they think of the future value.

That's the most most sensible thing to do when you are investing, you should be going for the route that maximizes your profit more than anything else because what's the point of investing if you don't choose to make more money if there's a chance to do it right?

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

When you are trying to invest in for long term, you may not really think about the value in USD being eaten by the market. It will cross your mind every time the price dip which you could have decided to sell and buy later to increase the number of your satoshis. It's risky but traders do this. They do this to own more BTC because they think of the future value.

bitterguy28

full member

Activity: 2170

Merit: 182

“FRX: Ferocious Alpha”

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?

The question goes sideways mate, "Why On Earth do we need not to Own Bitcoin"?

imagine there are tons of chances that Bitcoin will increase now as the value is recovering nowadays.

and also if you will only look for about the downfall , why not try to look of the possibilities that the increase will happen in any time soon.

James Watson

jr. member

Activity: 60

Merit: 5

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?

Topic: Why on earth do you own bitcoin? - page 7. (Read 949 times)