Topic: Why should i invest in bitcoin or other cryptos ? - page 6. (Read 1272 times)

Disclaimer: "I am not a lawyer or financial advisor. I am simply stating my opinion. If you seek legal or financial advice, please consult with your local professional"

I think that I get the jest of what it is that your referring to my friend. I believe that you your asking what benefits will you occur from investing in cryptocurrency's and how does it's very complicated o understand dividend systems work. Bitcoin is the founding coin and it's dividend system is based upon a peer to peer "proof of work" to operate. IN order to generate more coins, you must become a miner through validating transactions by solving cryptographic puzzles.
   Bitcoin doesn't really offer dividends as rewards, but rewards participation from miners. However the lightning network helps you earn as a node. Now Ethereum is a whole different ball game my friend. Ethereum just recently became a "proof of stake". "Proof of Stake" lets you earn dividends by locking tokens up tokens by staking them. Staking nets you interests in whatever proof of stake coin you invest in, granted that you have enough to actually yield anything.
  Their are many different ways  to earn dividends, here is one more. It is called Defi, which is short for "Decentralized Finance".  You lock up collateral by lending it to a decentralized platform and in turn you can earn governance tokens, which have their own market value, as well as interest on your lent coins. The biggest thing about it is you can as borrow against your lent collateral while it's earning interest.
  These are just a few examples, so please remember to practice your due diligence and do some research before making any investment. The best investment is always an investment in yourself (priceless)!
                                                                                                .

We cant really just ignore those typical inherited or given or bought land but to know the fact that it will vary on how will you utilize those lands for your own benefit.Not all would really be capable to be planted
and it does need significant amount for you to make out some commercial rental buildings or simply tries to plant something but i cant really just ignore that kind of fact when it comes to benefits in long
term.It is just a matter on how things being handled because success in financial can be attained in lots of forms and ways it doesnt matter if it does include traditional businesses or crypto because
the main point or plan/target is just the same which is to make profits. It might be different on level or aspects but still on the same concept.

What kind of land are we talking here? farm land? yes if may give you dividend each year, but the profits are not the same. Plus if you are going for crops, you also need to have capital to begin with. And then you have one enemy, Mother Nature. Sometimes your harvest are going to be different specially if there are typhoons coming your way. And then we have the extreme drought, El Nino phenomena. Weeds? that's illegal in most country, so if you are caught, then jail time for you.

Investing in bitcoin and buy a land for future value is similar as bithod then tend to have profit 8jnthe future. When it comes to dividend, that's another topic which I believe it's not associated with bitcoin, just 21 million except you would want to lend out or stake in a reputable exchange or platform to earn some interest term as APY.
There are also other some altcoins who pay dividend to their holders expecially the centralized exchanges such a kucoin exchange, Binance exchange. They alway buy back and share this token to holders inform of dividend.

Actually it will depend on you that how much risk you will be able to bear. If you want to low risk then you can go for bitcoin and if you want huge profit and there will be high risk, then you can go for others altcoins.

Some people are invest in crypto-currency and they were millionaire, because the profit of crypto-currency very much, but some time the crypto market is very down and they lose their few money. On the other hand, if you buy a land, it will be good, because it can give you profit but very little  or low profit.

That will depend on you to invest in crypto or not, as we do not force you to do what we did. If you do not want to invest in crypto, you can buy land or the other investment type and enjoy your profit. But if you're going to diversify your investment, you can invest in crypto as in crypto, and you have so many coins lists that you can buy and hold for some time. The return from crypto will be varied and will not be the same as the other investment type, so you need to be careful to choose the coins, even if you invest in bitcoin. Before you invest in crypto, you need to research for the coin to know what coin you should buy and hold.

You must be clear if what you want is to invest or be a market speculator, if you want to be an investor you just have to put your money in Bitcoin and wait as long as necessary until you consider the profit, generally it is best to monitor the movements, if bitcoin falls in price you should not fall into despair, have adequate patience.

The radical difference between the Stock Market and the Bitcoin is that the Bitcoin can give profit quickly, that is, it can go into a bullish trend very quickly, the Stock Market cannot, it can take around 8 to 10 years to see benefits in the investment.

If you want to be a market speculator, you must go in the direction of the line of least resistance, that is, if the market goes down, you go down with the market and you win, if the market goes up the same. With the alts it is another case, since they all depend on Bitcoin, some can rise a large percentage, usually they are pump and dump currencies, otherwise, while bitcoin is in a bullish trend you can make a profit since the alts follow the price of Bitcoin, but if the bitcoin falls in price, the highs bleed very fast and with high percentages.

- Indeed, the only plausible explanation could only be the profits that bitcoin and other cryptocurrencies bring, although I don't know how much profit bitcoin is giving each person but according to my observations every year, the crypto market generates a lot of rich people at a very young age, there's no denying that some have failed but overall, the success rate is still very attractive if we invest in bitcoin. Other real estate or investments can also be profitable, or even safer but the capital requirement and the waiting time are too long, the rate of return is not really attractive

Just go and research first and you will get to know returns of property and return of crypto investments and then you can make comparisons between both of them and then make such statements.The real estate has become little off road investment option for the investors these days because of the slow returns over your investments and its still not guarantee you will that much profit.Bitcoin and other profitable altcoins have generated much higher returns this year and will continue the same in future.
Bitcoin has generated over 62000% returns over 10 years. Which real estate business have given such returns ? The rest choice is yours.

I believe there are too many answers but I think the best one could be basically "I do not want to be in the fiat world", why need anything else? I have been in the fiat world for a very long time, there if I have a debt and fail to pay I get all my things taken (could be definitely well deserved) while big names like huge banks go into debt and they just get bailed out.

I am not saying small time people like me should not pay their debt too, in that case nobody would pay anything, but when you give them money so they do not bankrupt, and you do not take taxes from them in name of tax cuts and basically you make them richer and richer all the time, that doesn't make any sense to me at all, I would rather live in a situation where we are all equal, do not pay my debt too but at least bankrupt those big banks as well that is what we should be doing.

If you are going for a coin that is outside the top-20 list, then you need to do proper research about its future potential. Out of the 10,000 or so different cryptocurrencies created so far, more than 90% are now dead or dormant. If you make investment in the wrong project, then you may end up losing all of your capital. For now, I would stick with the already established coins, such as Bitcoin, Cardano and Ethereum.

Nice explanation. Some people compared Bitcoin with oil and gold too. From my neighbors, some of my mates also thinking same as like OP. There is a risk which is less in gold and oil compared with cryptocurrency investment. Taking risk after knowing is a big thing and Making investment will be considered as advance level. So, you must believe in your work which you gonna make. Do whatever your mind goes for, don't give up.

There's two side on this and I agree that he shouldn't invest on crypto which doesn't have any good future nor have a good systematic planning since if he invest without doing a research he might get fall from scams and other pump and dump scheme as you said. If people are new into this maybe better to go with bitcoin Ethereum and other top since this is the basic and got a good reputation on their investments.

For two things OP. Financial and Economic Security. Most of us here would invest in bitcoin and cryptocurrencies in general for the money, because it offers great profitability we can't find anywhere else, although of course this doesn't come without high risks as well. On the other hand, a number of investors here are also investing because they wanted to be secured when the time comes where bitcoin overthrows the dollar, ensuing a global adoption, because it's better to be early than everyone else.

The reason you should invest in Bitcoin and into other crypto (pertaining to those valuable ones only and not to those who will just waste up your time and money) will be your own will to invest for the fact that you will be investing into something because you understand how profitable or what benefit you can get from investing into such like putting investment into land other stuffs for you know the benefits of it for your own sake. Now if you still do not exactly know why you should invest into Bitcoin and other crypto, they you still shouldn't invest for you are not that sure and having enough reason that you find into yourself. Reason why most people invest into Bitcoin is their own personal reasons and goals they wanted to achieve. Now if you do not have those, then do not push yourself to get into investment.

You shouldn't invest in crypto, crypto is a scam, a big pump and dump scheme in the long run. You should invest in Bitcoin, providing you understand the risks and know how to use it safely. Bitcoin is projected to go up because it's supply is limited, yet demand is growing as more and more people discovering it and wanting to own it. Other coins don't have such properties.

The reason why you need to invest on bitcoin is because among other cryptocurrencies dumping, bitcoin is still leading the position. This is the season for those who invested wisely to achieve something good from their Investment.  Since bitcoin is not the only cryptocurrencies that is dumping right now, show that bitcoin price will still move to $50k soon.

If you are still asking why you are investing into something that means you should not be investing into that thing, because there aren't really a reason that we could share with you that you already can't find online.

Go google search "why do people invest into bitcoin" and you will get a million answers, or if you want to invest into another coin you could always write "why do people invest into X coin" and put any coin you want instead of X and you will be basically finding insane amount of returns, or you could talk with people and they can tell you but it won't be too much different from the answers you find in google neither.

Long story short, all the "reasons" you can find in crypto have already been said so far and there isn't anything new that would change anything for you, which is why I believe it is quite awesome to invest and that is for me, if you do not feel like it then don't.

At least, you can see your investment value will increase, although the investment value can decrease following the price at the market. But if you pick the right coins, such as bitcoin, you will see the investment value will increase bigger, and if you sell at the right time, you will make a big profit. You can not expect to see your money grow in the short term because that will need time for the price to increase. But if you do not want to have a crypto investment, you do not have to do that. You can use your money to search for the other investment type.