Why should i invest in bitcoin or other cryptos ?

Jason0731

newbie

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Quote from: DoublerHunter on February 28, 2021, 02:15:24 PM

Quote from: NeuroticFish on February 28, 2021, 01:36:24 PM

Quote from: spy100 on February 28, 2021, 01:03:49 PM

Why should i invest in bitcoin or other cryptos ?

As somebody famous was saying "If you don't believe me or don't get it, I don't have time to try to convince you, sorry".
Bitcoin is not for everybody. And if you come with this kind of questions, you better stay away and just buy some land.

^ That is a perfect point if this guy doesn't understand the whole point of crypto. Just walk away and invest what you want, because in investing in BTC or cryptocurrencies, it needs knowledge for you to understand the whole system how it works.
The same story on what I have experienced when there is my co-worker asked me about BTC and made arguments, the last words that I said to him, "If you dont believe me, I will not force you, but if I am successful someday, you will know what is the reason". Nevertheless, if you think investing a land, precious metals, and other stocks that you feel which better, go on, and believe what you believed.

Hey hey hey... bro.. I think its just a question about the value of crypto with no offensive challenge.
As a crypto player, i don'd think asking people to stay away is a proper respond to people's questioning.

Its because we cannot let crypto as a mini group of players field, instead we have responsibility to explain its value and its knowledge to people who have not fully understood cryptocurrency yet. I think that's the true way to grow the community of crypto, letting people know more and spread its belief as well as importance to people.

lixer

hero member

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I understand that there are people out there who still do not understand the importance of bitcoin or why it is awesome, but that is not our job to teach them why it is awesome, I would rather let them not understand the whole point of it really. You know why? Because that means there are still people who did not get any crypto and price of crypto currencies are not at the max, they will eventually realize why it is so awesome and join, and I rather join before they do, I rather buy as much as I can afford before they do the same and that way I will be way earlier.

All those "I wish I bought bitcoin at 30 cents" things are still valid considering people are still not fully involved, less than 5% of the whole world population ever owned bitcoin, that is not including people who sold and now have none, this is total number of people who once had crypto even if they don't know. So, it is still very raw and it will definitely go super high.

TheGreatPython

sr. member

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Quote from: Sterbens on July 08, 2021, 08:14:15 PM

simply be a part of the technological industrial revolution in the crypto field. at least when we invest in crypto, without realizing it we have contributed greatly to technological advances. cultivate insight that you can't get just from owning a piece of land and leaving it full of weeds. because when you have a plot of land that is not managed properly, the nutrients and oxygen are not too optimal.

Well, what's the difference with managing and contributing to crypto investments. In addition to knowing the world of technology, of course you will also be able to adjust to the growth of the digital-based world economy.

when the pandemic due to Covid 19 has shown the crypto sector has great potential in turning your finances.

then compare it with a plot of land during a pandemic, let alone managing land to be used as plantation land, even real sector trade, and even world economic trade when pandemic conditions in several countries actually resulted in a significant decline.

This was honestly my first ever reason to be in bitcoin. Nowadays I do make a profit and I do care about how much profit I make, but the profit I made wasn't the intention I had when I first came here, it was purely something that I happen to have without really trying to get it, and since it is not a huge amount I would say it was understandable.

The better approach to bitcoin was the first thing I did, but that is when you first get in and eventually you are corrupted as well, yes being part of this amazing revolution is awesome and I am feeling happy everyday about it, but this doesn't change the fact that we made some profit thanks to this as well and the more you start to profit the better it starts to feel and that is why I am not sure if I can say my real aim didn't change at all, it changed a bit when I looked at how much my bitcoins worth as soon as bitcoin reached over 1k dollars for the first time.

HaleyOccam

jr. member

Activity: 56

Merit: 37

I have participated in many investment projects, large or small. You have to ask me why I invest in Bitcoin. My answer is simple:

1. I am optimistic about the future development trend of Bitcoin. When a new thing appears, I don’t want Bitcoin and I have no story.
2. Because I know that there must be a bonus period in the early stage of Bitcoin's development.
3. For Bitcoin, I don't have to pay labor to get paid. The only thing I need to do is to hold it for a long time. At present, Bitcoin brings me far more benefits than other projects.

coolcoinz

legendary

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Quote from: ?? on ??

by investing in bitcoin, we will get more profit from land and in a short period of time, but we must know the right time to sell, besides that by following the development of cryptocurrencies, we will be able to adapt to current developments. if we want to invest in crypto without doing a specific analysis, I recommend buying bitcoin

You're talking about Bitcoin like it's some kind of tool for obtaining fiat money. It is not!
The best thing about Bitcoin is that it's in its early phase of adoption. When it reaches a certain point you won't have to convert it to fiat. You will be able to turn it to any goods and services within seconds and with minimum fees.

Liamttw

member

Activity: 126

Merit: 19

Choose to invest in Bitcoin or cryptocurrency because they are profitable. If hold for a long time, the value of cryptocurrency will generally increase to several times its initial value, and it has high profits. Bitcoin will not be under the control of the government, it can completely control its own wealth, and the value of Bitcoin will be unlimited.

Tina H

member

Activity: 101

Merit: 10

As an investor, if you invest in Bitcoin, then in 2009, Bitcoin was born. If you bought Bitcoin in that year and continued to hold it, would the income you get more exciting than the income from that piece of land? This is your bonus.

Sterbens

sr. member

Activity: 1848

Merit: 341

Duelbits.com

simply be a part of the technological industrial revolution in the crypto field. at least when we invest in crypto, without realizing it we have contributed greatly to technological advances. cultivate insight that you can't get just from owning a piece of land and leaving it full of weeds. because when you have a plot of land that is not managed properly, the nutrients and oxygen are not too optimal.

Well, what's the difference with managing and contributing to crypto investments. In addition to knowing the world of technology, of course you will also be able to adjust to the growth of the digital-based world economy.

when the pandemic due to Covid 19 has shown the crypto sector has great potential in turning your finances.

then compare it with a plot of land during a pandemic, let alone managing land to be used as plantation land, even real sector trade, and even world economic trade when pandemic conditions in several countries actually resulted in a significant decline.

kapalmabur

sr. member

Activity: 2002

Merit: 250

Quote from: Caldear on July 08, 2021, 04:45:40 AM

Bitcoin is valuable, it brings us benefits and make us free. Bitcoin is decentralized, and the government and banks will not be regulated. We can trade Bitcoin freely around the world and control our wealth. But investing in cryptocurrency is also risky. Analyzing market conditions and diversifying investments can reduce risks and gain profits.

That's definitely talking about any investment there must be risks but indeed for cryptocurrencies itself you can say the risk of losing money is quite large,
besides that we know that the cryptocurrency market is very volatile, different from other markets and to analyze the cryptocurrency market is not that easy we need to learn

Caldear

member

Activity: 114

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Bitcoin is valuable, it brings us benefits and make us free. Bitcoin is decentralized, and the government and banks will not be regulated. We can trade Bitcoin freely around the world and control our wealth. But investing in cryptocurrency is also risky. Analyzing market conditions and diversifying investments can reduce risks and gain profits.

paxmao

legendary

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Do not die for Putin

Many people are arguing that investments cannot be compared. Actually, they can. Bitcoin is relatively volatile, limited, has been around only for a while,... you should compare it in those terms with alternative investments and even with alternative crypto.

I have my own theory about how bitcoin could be considered a decentralised business, but that is just my thinking, what is certain is that you can invest in bitcoin as a network and get returns by investing in mining operations if you whish to treat this as a revenue generating investment. You have a budget and you decide what works best for you. Bitcoin does not provide dividends, as gold does not provide dividends nor orange juice concentrate stock produces anything. If you look to speculate with bitcoin, gold, or commodities is just the same: speculation.

This forum does not seek to convince you of investing in crypto. Its main purpose is to have dialogue in the community, disseminate information and, as a possibly unintended effect, allow business. Having said that, there are good reasons why some of us have crypto, but you need to do some research of your own to find them. I am not here to sell it to you.

Xinarae*

sr. member

Activity: 1414

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Cryptocurrencies have become a source of concern as digital resources have attracted capital from other traditional cryptocurrencies. There is no doubt that cryptocurrency or virtual currency will change the economic landscape of the world virtual currencies have already begun to be approved in a controlled manner in many countries virtual currencies can also be introduced in our country in a special systematic way. The main technology behind bitcoin is blockchain in other monetary systems such as the government and the central bank it is not the case with Bitcoin.

John Jefferson

member

Activity: 65

Merit: 10

If you don’t want to invest in Bitcoin or cryptocurrency, no one can influence your judgment. We are willing to invest in Bitcoin because we believe that Bitcoin has great potential and has great investment value in the future, and we think it is a value Storage means, although their price volatility is still high, but with the passage of time, the stability of the asset has gradually improved. In the long run, it is always moving in the same direction, which is the upward direction.

ten seventy

newbie

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Lot or land is a solid investment but you need also a solid finances. Make sure you have good finances before indulging into this kind of investment because you will need longer time before you can get a good market of the lot or land being invested.

Kittygalore

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Merit: 63

Quote from: Kiley33 on July 06, 2021, 10:17:33 PM

Why invest? Because it makes money, if I have extra money in addition to my usual daily consumption, then I will spend part of it to invest. I think "investment" means using fewer resources in exchange for more resources. Everyone can learn to invest and maintain a reasonable appreciation of their material wealth.

More than just making money out of it, investing in cryptocurrency (the right cryptocurrency), it also protects you from inflation and dependence to your salary especially when the bills are piling high. You are wrong in my opinion about the definition of "investment" though, I think it's more close to putting something believing that it will go up and your initial belief being rewarded through different forms of profit.

jaminunit

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Merit: 14

Co-Founder of TheStandard.io & Vaultoro.com

Quote from: spy100 on February 28, 2021, 01:03:49 PM

Why should i invest in bitcoin or other cryptos ?

If you buy land, each year even if you don't work it you get weeds ... if you dry them you can use them to make a fire ...and in turn that generates energy ...

Meaning: that piece of land is giving you a dividend each year .

Where's my dividend if i invest in crypto ?

You are also getting hit with land tax each year. Bitcoin user not affected.

Kiley33

member

Activity: 168

Merit: 19

Why invest? Because it makes money, if I have extra money in addition to my usual daily consumption, then I will spend part of it to invest. I think "investment" means using fewer resources in exchange for more resources. Everyone can learn to invest and maintain a reasonable appreciation of their material wealth.

Nunoluck

full member

Activity: 452

Merit: 101

You don't have to invest in cryptocurrency. Actually I also planning to buy land and focus to grow my asset. But I will not leave cryptocurrency since for me cryptocurrency is part of the future. Honestly, based on my experience, cryptocurrency is more profitable than buy land. I think the profit percentage is bigger. Even there is a time when I buy an altcoin and fiat then leave it for a few weeks then I get more than 350% profit without doing anything. But I always sell before bearish market happen.

dezoel

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: bakasabo on July 05, 2021, 02:27:21 AM

spy100 question and example shows that he does not own land or any kind of property. If he had them, he would know that every year he must pay immovable property tax or location value tax (LVT). Also, you cant just buy land and do nothing with it (at least in my country). You should mow grass, keep it clean (otherwise locals will turn it into a junkyard) and etc. All these expenses will eat all the dividends.

spy100 offers to "dry grass, make fire, generate energy". This wont come out of nowhere. spy100 must spend money first on equipment to produce that. How many years need to be passed for such investment to be paid off ?

With crypto, in most of the cases it is enough just to buy and hold to get profit.

You can dry the weed for free by leaving it to sun as well, it is just man hours that is spent by collecting it and leaving it to dry on the sun. However it is a stupid argument, same as "if I spend my money to manufacture something, I get a return, what does crypto in return creates?" and has been a talk for years.

People assume that you have to invest into something that generates something for the world, in that case we shouldn't invest into gold neither, because gold is gold and many people just buy gold bricks and hold them and sell them and that's it, nothing more, they do not buy it to make something more valuable out of it neither. Stock market is not that much different, even though it is totally based on corporations, but it is still not doing anything to earn money, you just buy hold and gain. Crypto is no different and it is still logical to invest because its decentralized.

Obito

sr. member

Activity: 1274

Merit: 293

Dumbass, that's not how you generate electricity, pretty sure that there's a lot of things that is needed before an energy is generated through burning plus, you can't use weeds because they don't turn into carbon or coal, they become ash when you burn them plus you contribute to air pollution by emitting carbon. If you like dividends you are looking at the wrong investments but know you are a dumbass so I understand. Dividends are given by certain companies stocks.

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