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Bitcoin => Bitcoin Discussion => Topic started by: NatureMoves on June 14, 2021, 08:10:07 PM



Title: Reasons to Invest in Bitcoin??
Post by: NatureMoves on June 14, 2021, 08:10:07 PM
First I want to say that I have some Bitcoin and I want to see it go to the moon. But I have some questions regarding the reasons that people give as to why Bitcoin is a good investment.  :-*

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?

Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.


Please correct me if I am misinformed.  :o


Title: Re: Reasons to Invest in Bitcoin??
Post by: CryptoStar19 on June 14, 2021, 10:51:39 PM
How about because no other asset class or investment opportunity will quite gain in value to the degree that bitcoin has historically gained and will continue to do so... after all isn't the point of investing so that there can be a return on that investment? On average bitcoin has been growing %200 per year since inception... given its supply (fixed) and demand (ever increasing since still only a small fraction of the world population knows about crypto) dynamics, it's hard to imagine investing in anything else will pay off in time quite in as big of a way as bitcoin. Just my 2 cents. :-)


Title: Re: Reasons to Invest in Bitcoin??
Post by: Kez1817 on June 14, 2021, 11:14:33 PM
Bitcoin is the best crypto asset to invest because it has a limited supply with a higher demand. It is extremely volatile asset that can give you huge profit if you invest it properly or holding it for a long term. Bitcoin has gold-like properties and the most trusted cryptocurrency. Billionaires, millionaires and many big companies are already investing in crypto and you can clearly saw the development in bitcoin after ten years of existence. There's a lot of reasons why it is good to invest in bitcoin but all is depends on your knowledge about it, on your capital and how you are going to invest. Remember that investing is risky and it needs knowledge so that you can hold when market is not good and not be a weak hands that easily panic selling during the downtrend.


Title: Re: Reasons to Invest in Bitcoin??
Post by: sheenshane on June 14, 2021, 11:28:16 PM
For your queries here is my simple explanation IMO.

Quote
Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.
Once big institution invest in Bitcoin and joining in the market, expected that they will become a big whale in the future.  Imagine if one of them will immediately sell their assets, of course it will make an impact directly on Bitcoin.  Regarding the most influential person now on Twitter, we have nothing to do since people keep believing in him, just close your ears to them and ignore him as soon as possible and no one will make a FUD in the market.  Bitcoin circulation too is easy to manipulate once you can able to play the market because Bitcoin price has a simple algorithm, it's because of the demand and supply.

Quote
Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?
Know first if your government accepts Bitcoin as legal in your country, if so, there's no reason Bitcoin becomes illegal in your country.  But as long as your Bitcoin didn't convert to fiat, there's no worry on the bank that will take action.

Quote
Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.
Who said you can't purchase using Bitcoin, there are too many online merchants that accept Bitcoin, and even the largest payment processor Paypal was already adopted on it.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Welsh on June 14, 2021, 11:46:01 PM
For most developed countries, there's usually laws preventing a bank actually stealing your money. For example, in the UK, and the USA you are covered up to a certain amount of money if anything happens to the bank. For example, if they went bankrupted you are covered up to 85k in the UK I believe. So, your point about banks stealing money only applies if you have money above this threshold stored in one bank. However, you can mitigate this by having multiple banks which are legally registered, and covered which would allow you to effectively increase this threshold.

The biggest draws to Bitcoin are likely its decentralized nature, and the fact that there is a logical, and definite way of circulating the currency. There is no printing off more Bitcoin or introducing new Bitcoins into circulation, there is no massive injection of Bitcoin at one time. The math has pretty much been already done, and Bitcoin will continue down the path of releasing more Bitcoin into circulation at a steady pace.

Regarding decentralization; that's got to be the biggest draw. At the moment, the government, and various companies that handle your money in traditional fiat currencies means that you have to rely on several third parties to actually make a payment. While, the government has complete control on your money, and have heavy regulation. Bitcoin, which is now taxed by the majority of companies also has regulation, but is far less than that of a fiat currency in terms of the restrictions imposed on fiat currencies. For example, fiat currencies usually have a fee for transfers outside the origin country, and various other handling fees. You actually determine your fee in Bitcoin, it might mean that the transaction might take longer than average, and is definitely slower than fiat currencies currently, but it has a dynamic fee which you determine by increasing or decreasing the incentive for miners.

However, the reason you might invest in Bitcoin might be different from mine. For example, curently due to the nature of the Bitcoin market, there are plenty of investors investing into Bitcoin simply because its profitable, and is probably the most profitable nature due to the frequent swings in the market. Simply put; its a very volatile economy, which actually creates  some very profitable margins.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Cullly on June 15, 2021, 01:22:43 AM
The total amount of Bitcoin is fixed. In the long run, it is better to avoid investing in gold when investing in Bitcoin. And Bitcoin cannot be copied, no one can modify it, and the security is relatively high.


Title: Re: Reasons to Invest in Bitcoin??
Post by: isaac_clarke22 on June 15, 2021, 02:03:38 AM
~

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?

~
This one depends.
If you happen to hold your Bitcoins obviously in a custodial wallet, then you're not just risking your Bitcoin to be locked up from your account but you are risking your Bitcoin as well from hacks.
There are some number of newbies that think that if they enabled 2fa on those, they're secured already for life but they're not.

You know what they say, "Not your private keys, not your bitcoin"


Title: Re: Reasons to Invest in Bitcoin??
Post by: yazher on June 15, 2021, 02:40:42 AM
First of all, if they only knew how good to invest in bitcoins whenever its price is down and it has lots of chance to bounce back again, they could have used more money more than they afford to lose. however, everyone should know when to stop in case of some unexpected happened and that's when the price stop at its peak. everyone should know if he has no alternative money to use and when the price is already high from the last time he invested, then he can get his bitcoins back to avoid a loss of ROI. you can have a goal where you set when will you sold your BTC but depends on your situation.


Title: Re: Reasons to Invest in Bitcoin??
Post by: dota2bestplayer on June 15, 2021, 03:24:21 AM
Bitcoin is digital gold, with storage value and room for appreciation. A long time later, Bitcoin is a historical relic, becoming more and more valuable, rare but invaluable. Bitcoin is a digital currency with a variety of scientific quintessence and has interdisciplinary genes.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Barry Mantle on June 15, 2021, 03:25:01 AM
The reason why I invest in Bitcoin is very simple. I just think that as an investment means in the long run, its value of preservation will be much stronger than other investment means or fiat currency. In the long run, I don't care about its rise or fall in the short term, I only see the future returns.


Title: Re: Reasons to Invest in Bitcoin??
Post by: patientforzhou on June 15, 2021, 06:11:42 AM
Bitcoin itself has value, not only exchange value, but also the function of rapid self-appreciation. Bitcoin's exchangeable equivalents not only have exchange value, but can be exchanged with any item in the market at an equivalent value. Even due to self-scarcity and the high cost of self-production, it itself has the function of rapid self-appreciation.


Title: Re: Reasons to Invest in Bitcoin??
Post by: bakasabo on June 15, 2021, 06:14:05 AM
Reasons to invest in Bitcoin, if a person is not seeking to support technology, but does it only for the money can be proved by simply looking at the graph. Yesterdays price growth showed that investment can be increased for 20% in less than 24 hours. Looking on the graph in general it can be noticed, that long term investment always pays off. Investor needs to do just a little research, looking for a better day for investment and can make an investment, knowing that he will get profit in any scenario.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Caldear on June 15, 2021, 06:14:27 AM
Bitcoin mining will become more and more difficult, competition will become fiercer, and the cost will become higher and higher. Therefore, the cost of manufacturing Bitcoin will double year by year.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Auroraner on June 15, 2021, 06:29:39 AM
Bitcoin is a digital application currency product that integrates various cutting-edge sciences such as encryption, mathematics, economics, computer science, and blockchain technology. The theories of these disciplines will continue to advance and upgrade to increase the scientific content of Bitcoin. With continuous purification, Bitcoin with a strong scientific foundation will only become more expensive, shining more and more with wisdom and knowledge.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Kong Hey Pakboy on June 15, 2021, 06:43:35 AM
I think the reason why you should invest in bitcoin is because it can offer really high returns, just look at the charts these past decade, bitcoin went from a measly 1 dollar to a 40k dollars in just a matter of a decade easy.


Title: Re: Reasons to Invest in Bitcoin??
Post by: maydna on June 15, 2021, 07:06:35 AM
Reason 1: I don't think that bitcoin can always be down the price with a single tweet from a famous person, but well, perhaps, that can happen, but not forever because the price will increase, and even there is another bad tweet from the other people, that doesn't stop bitcoin from rising higher.

Reason 2: Yes, we control our bitcoin, and as long as we can keep that secret and not telling to other people, we will safe to store our bitcoin.

Reason 3: Using bitcoin, we can spend the bitcoin for our daily life, but that only be used if a local store or online store wants to accept bitcoin as the payment system. But we can send bitcoin to other people, and as long as they understand how to use the wallet and make a transaction, that will be enough for them.

The important reason why I invest in bitcoin is I can make money from bitcoin. People will see about that, and they will follow us to invest in bitcoin someday.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Yatsan on June 15, 2021, 02:49:19 PM
Bitcoin is versatile wherein it can be both a currency and an asset at the same time depending on how you will use it. Most people are more likely investing into Bitcoin because of its value and undoubtedly they are wanting to obtain or acquire a single Bitcoin or even a big part of it for own personal use of course. We do have different reasons why we tend to invest into Bitcoin and the most important thing is that we make use of it effectively to boost its full potential as a currency and as an asset depending on the usage you want it to be.


Title: Re: Reasons to Invest in Bitcoin??
Post by: AicecreaME on June 15, 2021, 03:39:37 PM
First I want to say that I have some Bitcoin and I want to see it go to the moon. But I have some questions regarding the reasons that people give as to why Bitcoin is a good investment.  :-*

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?

Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.


Please correct me if I am misinformed.  :o

I agree with everything you've listed.

Bitcoin is indeed a nice investment because it offers a lot of benefits to the user. Aside from the things you have mentioned, I would just like to add that bitcoin can be everybody's investment as long as they are knowledgeable enough about its nature and the risks it possess being a speculative asset.

In bitcoin, anyone can purchase any percentage and how many they want as long as they can afford its rate. We can always buy in an installment manner without worrying where we will get the fund. You see, it isn't like other investment that requires you to have a hefty amount of money in an instant in order to be a qualified investor. This is one of the great reasons I see why people should take a look on bitcoin.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Keila Faith Villanueva on June 16, 2021, 06:04:47 AM
Bitcoin's historical growth inertia will continue and will not plummet. Looking at several major historical points in Bitcoin against the U.S. dollar, it is not difficult to see that the appreciation of Bitcoin is accelerating. From the perspective of a digital currency's disk technology, Bitcoin has always been on an ascending channel of long-term heavy volume growth. This is a wheel with historical growth inertia, and every institution and individual cannot stop it.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Tina H on June 16, 2021, 06:15:02 AM
Bit ratio itself has value, not only exchange value, but also has the function of rapid self-appreciation. Bitcoin's exchangeable equivalents not only have exchange value, but also can be exchanged with any item in the market. Even the self itself has the function of rapid self-appreciation due to its scarcity and the high cost of self-production. From a monetary point of view, for any medium to have the function of currency, it must first have scarcity and high cost. Bitcoin perfectly meets these two points.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Obito on June 16, 2021, 06:43:49 AM
For me, there's only one reason why someone should invest in bitcoin, and that is that bitcoin is able to grow someone's money in a matter of years and in this world that is revolving around money, I think that anything that can help us make money in as little time as possible is probably a really useful thing to stumble upon.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Obito on June 16, 2021, 07:56:47 AM
~snip
but this is at least for people who understand about bitcoin. that way they understand the risks and rewards. many people only see the good side of bitcoin and they invest, but just see the floating minus, they panic sell, and tell the bad of bitcoin. even though he himself doesn't understand
That's their problem, it was the best reason in my opinion to invest in bitcoin and OP didn't point out any negative reason so I didn't put it. Of course, the volatility is a bad thing but if you know how to do it and you are smart for a beginner investor, you can make money out of the negative reasons right?


Title: Re: Reasons to Invest in Bitcoin??
Post by: AniviaBtc on June 16, 2021, 08:07:09 AM
Financial freedom is one of the key reason why people are investing in bitcoin and other cryptocurrency.

There are a lot of reason and advantage that you can get in bitcoin although it is volatile in the market, but the opportunity in it is massive.

It is true that bitcoin is limited and can increase its price over time depending on the mined supply.


Title: Re: Reasons to Invest in Bitcoin??
Post by: peter0425 on June 16, 2021, 08:12:33 AM
Financial freedom is one of the key reason why people are investing in bitcoin and other cryptocurrency.

There are a lot of reason and advantage that you can get in bitcoin although it is volatile in the market, but the opportunity in it is massive.

It is true that bitcoin is limited and can increase its price over time depending on the mined supply.
and many of us use the volatility as main reason for investing  because of the opportunity of their funds making double or much even higher in the time comes and that is the same reason as mine.
though the freedom financially is also one of the main reason


Title: Re: Reasons to Invest in Bitcoin??
Post by: traderethereum on June 16, 2021, 09:46:31 AM
People who already knew the benefits of bitcoin do not need any reason to invest in bitcoin because they can get the benefits from bitcoin.
People who are new to bitcoin can feel unsure about investing in bitcoin because of the price volatility, so not many can realize the benefits of bitcoin in the future.
Maybe if they can think about the investment side of bitcoin, they will try to invest in bitcoin from a small amount to figure out how they can make a profit from bitcoin.
Investing in bitcoin can save them from the thief who will steal their money, but they should accept the volatility of bitcoin prices and not worry about that.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Axelseseclevz on June 16, 2021, 09:54:33 AM
I invest in bitcoin because of so many reason but the most significant reason for me is that bitcoin is volatile which can give us huge profit and financial freedom. Also I don't have any other form of investment, only here in cryptocurrency.


Title: Re: Reasons to Invest in Bitcoin??
Post by: swiftbits on June 16, 2021, 10:11:45 AM
There are so many reasons for this, but the value really matters, that's the reason why we invest.
Bitcoin is scarce, getting a portion of this coin could possibly give you more profit than normal investments does.


Title: Re: Reasons to Invest in Bitcoin??
Post by: isaac_clarke22 on June 16, 2021, 10:32:32 AM
~
The volatile word is a double-edged sword, but with a proper plan like the usual being discussed in here, I don't think volatility will screw you ever.
Some just are more from making bad financial decision like loaning to invest, committing their whole assets just to invest in here risking their needs.


Title: Re: Reasons to Invest in Bitcoin??
Post by: tygeade on June 16, 2021, 11:33:12 AM
Well you may be right, but I am not so much in support of your counter of the first point. Alright, the whales can make one tweet that can devalue Bitcoin, yes I agree to that. But have you checked the lowest of Bitcoin in the past years? Bitcoin went from below $10,000 to a price of over $60,000. During the last bull run the price reached almost $20,000 before it crashed to a low price, but not as low as it was before that bull run started.

Now, this year, the price reached $60,000, which is three times the last all time high price (ATH) and when it started falling, it didn’t drop to below the last ATH, rather it stopped at $30,000. So how exactly has it been devalued? This is rather a price correction and now is the best time to invest if you have plans to hold till the next four years or so, because you already knows that even if it falls again it won’t fall as low as this.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Sanugarid on June 16, 2021, 12:22:16 PM
First I want to say that I have some Bitcoin and I want to see it go to the moon. But I have some questions regarding the reasons that people give as to why Bitcoin is a good investment.  :-*

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?

Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.


Please correct me if I am misinformed.  :o

In my opinion, one of the reasons why most people want to invest in BTC is because of the possibility of a high return in the future and you have full control over your investment. Moreover, we're looking forward to a cashless payment system which is why the majority of BTC supporters believe that BTC is the future of digital payment systems.


Title: Re: Reasons to Invest in Bitcoin??
Post by: _MrTuyul404 on June 16, 2021, 02:39:44 PM
Every four years this crypto asset also experiences a halving for the amount of Bitcoin it produces to keep its supply constant. In 2020 Bitcoin experienced a halving, and after the halving the price of Bitcoin also proved to be more expensive because it was increasingly difficult for Bitcoin to be obtained while the demand for BTC continued to grow, not only retail investors but also institutional investors. Therefore it is estimated that the price of Bitcoin in a few years will increase, because the demand is greater than the supply.


Title: Re: Reasons to Invest in Bitcoin??
Post by: $crypto$ on June 16, 2021, 03:12:17 PM
Bitcoin is versatile wherein it can be both a currency and an asset at the same time depending on how you will use it. Most people are more likely investing into Bitcoin because of its value and undoubtedly they are wanting to obtain or acquire a single Bitcoin or even a big part of it for own personal use of course. We do have different reasons why we tend to invest into Bitcoin and the most important thing is that we make use of it effectively to boost its full potential as a currency and as an asset depending on the usage you want it to be.
In fact, there are many reasons for bitcoin to be used for various things, including investments that are often used a lot, there are also gambling to play and also shopping for those who already support it, so this can be said that the value of useful assets is included in all the options we use for our purposes. his.
I myself tend to invest with the hope of quick profits and also with high risk but behind all that I know which one to take because bitcoin has now become commonplace in any freedom.
Long-term investment is something that we often hear from various investors.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Shenzou on June 16, 2021, 03:24:57 PM
First I want to say that I have some Bitcoin and I want to see it go to the moon. But I have some questions regarding the reasons that people give as to why Bitcoin is a good investment.  :-*

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?

Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.


Please correct me if I am misinformed.  :o
I think that most of people see bitcoin as an investment rather than a day to day payment method, sure many peoeple will say that is untrue but he reality of things is that bitcoin is currently not optimized for microtransactions, sure for people who do thaousands of dollars per transaction won't feel the weight of the transaction fee, but for somone who is trying to buy somthing off the internet and wants to use bitcoin has to pay half of that in fees, the point is bitcoin is good but it could be better if we can use it for microtransaction to buy things quickly.


Title: Re: Reasons to Invest in Bitcoin??
Post by: sapnu on June 16, 2021, 03:27:41 PM
There are a lot of reasons why you should invest in bitcoin. I'll mention some of mine. First is because it prepares us for the future, we all know someday bitcoin will have a special spot on the world's financial system. Next is because it enhances your living in many aspects, not only financially but also your strategic and earning skills. Lastly, it helps you grow as a human being each and everyday as you find new ways on how you can cope up on the continuous changes happening in the market. It's not all about the money but also your well-being that is being improved as you invest and commit to bitcoin.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Kittygalore on June 16, 2021, 03:39:43 PM
One reason I can think on top of my head besides the ones that you have provided OP is that it helps you protect your money from inflation which is getting worse every year and you don't want to end up with less purchasing power if you can prevent that from happening.


Title: Re: Reasons to Invest in Bitcoin??
Post by: xmonkeyx on June 16, 2021, 04:13:57 PM
very promising to be able to collect a lot of money. Yes, that's my main reason. and if you want to invest according to what I know it's very good because today's increasingly sophisticated world will definitely use the best technology and crypto has made all that easier. So, if the main reason is profit I think there is no need to mention another reason to explain the reason for investing in bitcoin.


Title: Re: Reasons to Invest in Bitcoin??
Post by: azharul91 on June 16, 2021, 05:33:50 PM
We know that Bitcoin is one of the best valuable digital crypto in the cryptocurrency market.If we can investment Bitcoin in the cryptocurrency market we will be benefited.There are a lot of reasons to invest Bitcoin.If we invest Bitcoin,I think that it creat our best future.If we invest Bitcoin we also get day to day payment.We also believe that we control our own money.If we invest Bitcoin we can sent money in the worldwide.So we believe that it's the main reason to invest Bitcoin.


Title: Re: Reasons to Invest in Bitcoin??
Post by: The Cryptovator on June 16, 2021, 06:10:47 PM
A single reason that is enough to invest in Bitcoin and it is a peer-to-peer decentralized electronic currency system. That's all you need, everything under your control. Doesn't matter what is the current price, because the price would change but the goal of Bitcoin will exist the same forever. And that goal help to achieve Bitcoin in its current position and the worldwide population now involving with Bitcoin.

Another is a financial benefit since Bitcoin is a high volatile coin, so we are taking advantage of that. We may make handsome money from Bitcoin if we can hold with patience. Holders are always gainers, just a matter of patience.


Title: Re: Reasons to Invest in Bitcoin??
Post by: CryptoStar19 on June 16, 2021, 06:25:36 PM
We invest in order to get a return on that investment.

No other company, stock, or other vehicle of investment has grown to the value that bitcoin has grown to in the short amount of time that bitcoin has had.

So how about because no other investment option will pay off quite as much as bitcoin over time... at least nothing else would be as certain as bitcoin.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Dread Pirate Roberts on June 16, 2021, 09:44:34 PM
Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.


that's why I also like crypto when it comes to digital assets. full ownership without time limit and without other authority. and if you look at it from an investment point of view, bitcoin is the best choice when it comes to big risk investments. more worth it than any other risk investment.




Title: Re: Reasons to Invest in Bitcoin??
Post by: Hamphser on June 16, 2021, 09:46:48 PM
The reason on why i do invest with Bitcoin;

-Anonymous
-P2P transactions
-Be your own bank
-Irreversible
-Cant be controlled
-You do have opportunity to earn

Its up to someones view but for sure majority will really be having the same view in regarding to this.
This is why it is getting soo much support.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Amejoaquim on June 16, 2021, 10:05:06 PM
One more thing is the trend and pattern of bitcoin since 2011 is keep rising year by year, when everyone said bitcoin die or etc Bitcoin keep prove it wrong.

and before we decided to invest on something make sure we use money we can afford to lose.


Title: Re: Reasons to Invest in Bitcoin??
Post by: livingfree on June 16, 2021, 10:06:50 PM
very promising to be able to collect a lot of money.
That's a misleading reason if you're saying that someone can collect a lot of money from it. You actually don't collect without any investment but if you have some ways of collecting it like mining or working and getting paid with bitcoin. That's how you do it but it could be misleading for some reading it at the first time.

That when someone reads about bitcoin, they might think that it's just an actual collecting of money and anyone who owns it doesn't have any risk to take because we're just collecting money.



Title: Re: Reasons to Invest in Bitcoin??
Post by: Vaculin on June 16, 2021, 10:28:33 PM
First I want to say that I have some Bitcoin and I want to see it go to the moon. But I have some questions regarding the reasons that people give as to why Bitcoin is a good investment.  :-*


All you have said are right and I have found one reason why people are investing and taking this opportunity is that they can make a huge money from here. Nothing else.

Some are just an excuse and alibi why they are here. Not all investors had to look at those things but they just focus on how much they will get from Bitcoin investment. Even you, you are asking Bitcoin to go to the moon because you want to double, triple... your money. That is all about.


Title: Re: Reasons to Invest in Bitcoin??
Post by: ROSE B on June 17, 2021, 01:09:07 AM
Bitcoin is a very good way to store value. It has its own unique characteristics and has a large number of believers. Investing in Bitcoin can store value for your funds and avoid certain risks.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Peanutswar on June 17, 2021, 01:22:08 AM
Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

You can escape with the taxes of the government with the use of the bitcoin but you cannot escape the transaction fees of course, also not totally having a 100 percent control of your money again the market is volatile you cannot handle the value of it still you are the responsible in decision making to hold or not.

Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account

In my country, there's a bank accepting the use of cryptocurrency for storing their funds as long as you did store the one of the most important seed is you are still safe.

Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.

There are many stores today accepting the use of the bitcoin payment as long as you send the bitcoin with the address p2pkh, p2sh and Bech32.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Lordhermes on June 17, 2021, 01:57:05 AM
Bitcoin is a very good way to store value. It has its own unique characteristics and has a large number of believers. Investing in Bitcoin can store value for your funds and avoid certain risks.
Bitcoin is also fast and easy to use, all one needs is a internet connection. Bitcoin can't be stolen from a wallet, expect the hacker have access to that wallet. Also Bitcoin users have full control over their money. It doesn't have any Central Bank. With Bitcoin, you can be your own Bank.


Title: Re: Reasons to Invest in Bitcoin??
Post by: acener on June 17, 2021, 02:06:29 AM
Because it is the easiest investment to have?
It could give you a huge profit if played right.
Easy to buy or sell anytime you want.
You could hold your own investment if you want (By putting it on your hardware wallet).


Title: Re: Reasons to Invest in Bitcoin??
Post by: Lorence.xD on June 17, 2021, 03:03:02 AM
Because it is the easiest investment to have?
It could give you a huge profit if played right.
Easy to buy or sell anytime you want.
You could hold your own investment if you want (By putting it on your hardware wallet).
This gets rather not true as time goes by because a lot of people are making bitcoin much more complex but if you still do the old way, then you can probably still do it but some companies entering bitcoin are making things more complicated. But overall I do agree that it's an easy investment with a really big returns and it's unlike any other existing out there.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Wexnident on June 17, 2021, 03:18:05 AM
Well, honestly, tldr of everything here is that you invest in Bitcoin because ITS Bitcoin. That's about it.
Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.
A temporary problem that affects the short term of the market. Not really a long-term effect, so I don't really see many issues. A problem that can be solved with time isn't really a problem imo.
Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?
Uh how is this related to Bitcoin? That's a fiat-related thing. As long as you're not doing illegal, I don't think it's an issue
Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.
Again, a matter that can be solved with time. Plus transaction speeds are being fixed with the current LN.


Title: Re: Reasons to Invest in Bitcoin??
Post by: ahsanif on June 17, 2021, 03:32:40 AM
Because it is the easiest investment to have?
It could give you a huge profit if played right.
Easy to buy or sell anytime you want.
You could hold your own investment if you want (By putting it on your hardware wallet).
yes we can all compare it with 5 years ago. Besides that, rarity will continue to occur because almost 21 million bitcoins have been mined


Title: Re: Reasons to Invest in Bitcoin??
Post by: ethereumhunter on June 17, 2021, 04:34:04 AM
Because it is the easiest investment to have?
It could give you a huge profit if played right.
Easy to buy or sell anytime you want.
You could hold your own investment if you want (By putting it on your hardware wallet).
yes we can all compare it with 5 years ago. Besides that, rarity will continue to occur because almost 21 million bitcoins have been mined
Even if that is an easy thing, most people can hold their bitcoin for a long time. People tend to panic when the price starts moving up or down because they may not be ready to see that happen. A small number of people can survive to hold their bitcoin because they can control their emotions and decide not to watch the market very often. If they can hold it, they will make a big profit in the future.


Title: Re: Reasons to Invest in Bitcoin??
Post by: rodskee on June 17, 2021, 04:34:13 AM
First I want to say that I have some Bitcoin and I want to see it go to the moon. But I have some questions regarding the reasons that people give as to why Bitcoin is a good investment.  :-*

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.
Indeed and that is why i totally supporting crypto specially bitcoin

Quote
Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?
Unless you are stupid enough to let hackers or scammers interfere your account and that is by your own mistakes.
Quote
Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.


Please correct me if I am misinformed.  :o
the volatility is what people wants to invest and be their money in bitcoin. imagine that if you put your money now worth 100$ there is a chance in 5 days period this can be double when you needed to use( but of course there is the other way around that may lose your funds by time lol)


Title: Re: Reasons to Invest in Bitcoin??
Post by: elisabetheva on June 17, 2021, 12:52:33 PM
Even if that is an easy thing, most people can hold their bitcoin for a long time. People tend to panic when the price starts moving up or down because they may not be ready to see that happen. A small number of people can survive to hold their bitcoin because they can control their emotions and decide not to watch the market very often. If they can hold it, they will make a big profit in the future.
Anxiety and fear of experiencing losses sometimes make what you do actually make the situation uncontrollable. many of them always believe the bad news circulating on social media and when they see the market price, they can't help themselves, don't analyze well. whereas many are muddying the atmosphere with bad news to benefit themselves and this is sometimes not realized.

if we just want to hold it, we can be sure that bitcoin will always form renewable ATH again at some time later, so there's no need to worry because holding bitcoin will not lose money, it just depends on time, which at least takes 4 years according to the halving. maybe even faster because the market situation is actually improving.


Title: Re: Reasons to Invest in Bitcoin??
Post by: BlackHatCoiner on June 17, 2021, 01:31:38 PM
~snip~
Are you generally informed of Bitcoin's intention? It's written in the whitepaper and it surely isn't made to be used as an investment regardless that it's being seen as an investment and as a store of value asset. I'm just telling you, because the reasons you mentioned have nothing to do with why you should invest in it. A greater response would be that it has lots of potential and countries have started adopting it; not those you wrote. Actually, the 2 & 3 you mentioned justify why it should be used as a currency.

So, your point about banks stealing money only applies if you have money above this threshold stored in one bank.
I believe that his point is that the banks can steal your money whenever they want; the fact that they won't due to law prevention isn't the same with not being able to.


Title: Re: Reasons to Invest in Bitcoin??
Post by: clint25n on June 17, 2021, 04:32:04 PM
by investing in bitcoin, we not only save money easily in the long run
but we also benefit in the long run
although relatively new compared to other types of investments such as stocks or other traditional assets


Title: Re: Reasons to Invest in Bitcoin??
Post by: CryptoStar19 on June 17, 2021, 05:18:56 PM
I am having a hard time thinking of any good reasons NOT to invest in bitcoin.

Call me crazy, but I feel like at this point the real risk is NOT investing in bitcoin...


Title: Re: Reasons to Invest in Bitcoin??
Post by: ethereumhunter on June 18, 2021, 04:55:02 AM
Even if that is an easy thing, most people can hold their bitcoin for a long time. People tend to panic when the price starts moving up or down because they may not be ready to see that happen. A small number of people can survive to hold their bitcoin because they can control their emotions and decide not to watch the market very often. If they can hold it, they will make a big profit in the future.
Anxiety and fear of experiencing losses sometimes make what you do actually make the situation uncontrollable. many of them always believe the bad news circulating on social media and when they see the market price, they can't help themselves, don't analyze well. whereas many are muddying the atmosphere with bad news to benefit themselves and this is sometimes not realized.

if we just want to hold it, we can be sure that bitcoin will always form renewable ATH again at some time later, so there's no need to worry because holding bitcoin will not lose money, it just depends on time, which at least takes 4 years according to the halving. maybe even faster because the market situation is actually improving.
If they do not search for more info about what they found before, they will have anxiety and fear and that is normal to see that will happen to them. We always need to calm down when we read something from social media because that news will not always right.

You need to have a calming down if you decide to hold bitcoin because the price will go up and down fast, making you worry. But, I guess we may not be waiting for the next 4 years because the bitcoin price can increase again anytime and hopefully, that can happen this year.


Title: Re: Reasons to Invest in Bitcoin??
Post by: sherryDEFI on June 18, 2021, 06:46:30 AM
Bitcoin is the only currency that allows you to make realistically fast payments while holding it and appreciating rapidly every month and every year. Looking at fiat currencies around the world, none of them has the characteristic of long-term appreciation, which only makes consumer holders and investors feel that their money has less and less purchasing power.


Title: Re: Reasons to Invest in Bitcoin??
Post by: zanezane on June 18, 2021, 07:17:36 AM
Bitcoin is the only currency that allows you to make realistically fast payments while holding it and appreciating rapidly every month and every year. Looking at fiat currencies around the world, none of them has the characteristic of long-term appreciation, which only makes consumer holders and investors feel that their money has less and less purchasing power.
I have my doubts with faster payments though, there are more apps that are much faster than what bitcoin is now. You are right about the fiat appreciation though, but there is inflation to curtail the depreciation in value. The reason in my opinion is the promise of bitcoin to be your own bank is sort of true.


Title: Re: Reasons to Invest in Bitcoin??
Post by: deadmousehat on June 18, 2021, 07:54:20 AM
first time I got to know bitcoin and decided to buy bitcoin for a long-term investment the main thing because I wanted to make a profit. the first thing to do is to learn the technology to avoid panic when there is a bear market


Title: Re: Reasons to Invest in Bitcoin??
Post by: Blank-Head on June 18, 2021, 02:42:28 PM
There are many reasons to invest in Bitcoin.Because Bitcoin will be the future of currency in near future.
As we can see Already a lot of people adopting Bitcoin.
They know that in near future Cryptocurrency will be the most used and popular payment gateway.


Title: Re: Reasons to Invest in Bitcoin??
Post by: sarmrakib on June 18, 2021, 02:58:48 PM
by investing in bitcoin, we not only save money easily in the long run
but we also benefit in the long run
although relatively new compared to other types of investments such as stocks or other traditional assets
Yes we always get an extra benefit to invest on bitcoin .If we compared the other market like forex ,stocks ,Commodities it always crypto is high volatile .That's why we can easily get our profit quickly .It has many use as well we can transaction it globally within a second and the blockchain system is more secure than any other platform .It has real value and bright future for sure that's why we always wanna invest on Bitcoin.


Title: Re: Reasons to Invest in Bitcoin??
Post by: ChiBitCTy on June 18, 2021, 03:02:46 PM
While I do believe that bitcoin is a good "investment" I think it's important to note that bitcoin is inherently NOT an investment.  However, just as with any countries fiat money, it has become an investment and is traded in the markets.  That being said I also want to point out that it should only be part of ones entire portfolio, and not everything in ones portfolio. There's a lot of risk that comes with cryptocurrencies and it's important to remain invested in a diversified manner.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Lee_Mire on June 18, 2021, 04:07:17 PM
First I want to say that I have some Bitcoin and I want to see it go to the moon. But I have some questions regarding the reasons that people give as to why Bitcoin is a good investment.  :-*

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?

Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.


Please correct me if I am misinformed.  :o



Inflation and currency debasement is one of the most important reasons why you should at least store some of your wealth in bitcoin. Especially if you are from somewhere where the local currency is loosing value fast against USD. Also the USD itself is loosing purchasing power (just look at the price of a mcdonalds meal in the 70's compared to now). Either way BTC's main selling point is its hardness as a currency.


Title: Re: Reasons to Invest in Bitcoin??
Post by: sr32703 on June 18, 2021, 06:48:53 PM
Bitcoin has real value now because now big big company already have listed bitcoin as their payment gateway. And bitcoin's demand is upraising so there is good future value for bitcoin so i optimistic that it will be my future. 


Title: Re: Reasons to Invest in Bitcoin??
Post by: Similificator on June 18, 2021, 07:07:36 PM
First I want to say that I have some Bitcoin and I want to see it go to the moon. But I have some questions regarding the reasons that people give as to why Bitcoin is a good investment.  :-*

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?

Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.


Please correct me if I am misinformed.  :o


1. Yes right now it gets influenced by a single tweet to dump but can also be influenced to pump. No matyer if you see this as a very good opportunity or not, it isn't going to last long as bitcoin matures even further as world wide adoption happens.
2. There have been many cases in my country when banks suddenly close due to bankruptcy or other issues and if it happened to some, it can also happen to others. So yes, you should worry despite not doing something illegal.
3. Privacy without having the need to explain your reasons for sending despite the identity of the reciever or yhe reason behind the payment. And lightning network can solve the long transaction time.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Murtaza345 on June 18, 2021, 07:42:32 PM
First the bitcoin of future looking very bright,and after my research and see the trand of bitcoin I don't think there is a big business than bitcoin , bitcoin is most popular business of online field,and most profitable as well.and in upcoming time it will grow more , reason there are many people involve in bitcoin,and Community of bitcoin is very big now.These all and more reasns attract people to invest in bitcoin.And if I talk about my self , bitcoin is my full time business and I love bitcoin and bitcoin currency will be world No 1 currency one day.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Renampun on June 18, 2021, 08:54:14 PM
...

The reasons you put forward are quite reasonable...

but there are some parts that you are wrong about, in some countries you can already pay with Bitcoin. other than that the best reason why invest in Bitcoin is that the amount is limited and decentralized, in the future the price of Bitcoin will definitely be much more expensive than today.


Title: Re: Reasons to Invest in Bitcoin??
Post by: verita1 on June 18, 2021, 09:44:49 PM
I'm going to answer OP on reason 3.
If in my locality there are no stores that want to accept bitcoin. Of course, I have several options. Hold, buy, sell, exchange bitcoin for Fiat in the P2P of my preference.

We discuss that many times in this forum because we know how bitcoin works but for people who do not know anything it is a complete challenge.
Until they renounce the right to have bitcoin as a legal tender. As is happening in El Salvador, there are some groups that are rejecting the opportunity that many of us would like to see come to our countries.


Title: Re: Reasons to Invest in Bitcoin??
Post by: fara_buduk on June 18, 2021, 09:54:04 PM
all reviews as op wrote about why we should invest in bitcoin..? only a few while the underlying reasons are many such as security levels, low inflation rates and many others, it's just that how do we use bitcoin as money still can't be implemented in the real world because there are still many people who don't know bitcoin and are supported by the government which does not legalize bitcoin as a transaction tool, so 80% of bitcoin circulates only as investment and trading assets


Title: Re: Reasons to Invest in Bitcoin??
Post by: Expecto on June 18, 2021, 10:13:00 PM
Banks cannot confiscate your money as long as you aren't making an illegal transaction etc. . If your country hasn't imposed a ban on cryptocurrencies, then you should be good to go. And yes, Bitcoin has still some serious problems about low-speed transactions, high fees etc. . But I'm hoping Lightning Network to solve this problem in the future.


Title: Re: Reasons to Invest in Bitcoin??
Post by: serjent05 on June 18, 2021, 10:21:22 PM
First I want to say that I have some Bitcoin and I want to see it go to the moon. But I have some questions regarding the reasons that people give as to why Bitcoin is a good investment.  :-*

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

Well at least the inflation is controlled.  The decline in value due to FUD is impermanent losses as long as you didnn't sell you Bitcoin at a lost you don't lost any while cash has everlasting value devaluation due to unlimited inflation.

Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?

True that, even if you are not doing any illegal means as long as the bank misunderstood your means of producing wealth, they will lock it until you have proven them you are wrong that would take time.

Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.


Please correct me if I am misinformed.  :o

The thing here is that you can send it to anyone in the world without any  third party mediation, as of the time confirmation, developers are working on it so I believe in due time Bitcoin will have an instant transaction and way faster confirmation.


Title: Re: Reasons to Invest in Bitcoin??
Post by: batang_bitcoin on June 18, 2021, 10:37:34 PM
Banks cannot confiscate your money as long as you aren't making an illegal transaction etc. .
Even if you don't do but if they suspect you, they're going to freeze your account and if they've received a demand from the higher ops then they can do whatever they want with your funds.

If your country hasn't imposed a ban on cryptocurrencies, then you should be good to go. And yes, Bitcoin has still some serious problems about low-speed transactions, high fees etc. . But I'm hoping Lightning Network to solve this problem in the future.
Well, the high fees for each transaction are no longer a thing. It does look high because of its conversion to dollars but if you look at the normal transaction just like before, nothing had changed and it's cheap.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Shasha80 on June 18, 2021, 11:12:53 PM
Because Bitcoin is the only asset that I can buy with the financial capabilities I have and can provide very large profits if I HODL in the long run.
So that's the reason why I chose to invest in Bitcoin, because I see Bitcoin can make me rich in the future. The increase in the price of Bitcoin is
indeed more significant than other assets. But everyone must have their own reasons why they choose to invest in Bitcoin, so whatever the reason
we invest in Bitcoin, most importantly Bitcoin is a good asset for investment.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Hypnosis00 on June 18, 2021, 11:42:25 PM
To make a profit in Bitcoin is the main reason why people are coming in here and do an investment. And they are absolutely right. But, in order to make reach our goal and become profitable, it is a need for us to clearly understand the risk otherwise, we just fail.

And the other thing is that we don't be overly confident that everything will work fine after investing. We can't simply ignore the volatility of the market and who knows Bitcoin price will dump after we buy, that will be a big challenge and I'm not sure if these people know what to do next or to have sold it back?


Title: Re: Reasons to Invest in Bitcoin??
Post by: Oceat on June 18, 2021, 11:59:32 PM
There are many to mention on why people should invest in Bitcoin but first they have to learn how to increase their security against scammer and a bank type wallet aka custodial wallets. The answer is simple, not your keys, not your coins.

And oh, did I mention that you can make profit just by holding Bitcoin? Yes, you can make money from it but you should know first how things work including the transaction fees, the fluctuation that does make some changes in their current price and the halving period.


Title: Re: Reasons to Invest in Bitcoin??
Post by: jellylily on June 19, 2021, 02:43:55 AM
Because Bitcoin has value because it is valuable as a form of currency. Bitcoin has the mathematical characteristics of currency (persistence, portability, interchangeability, scarcity, divisibility, and easy identification) rather than relying on physical characteristics (such as gold and silver) or the trust of the central authority ( Such as legal tender).


Title: Re: Reasons to Invest in Bitcoin??
Post by: daniilmed095 on June 19, 2021, 07:09:09 AM
Bitcoin is a reliable asset and must be included in a portfolio. I believe that it is better to keep at least 20% in bitcoin.                                        Help me choose which wallet is better?


Title: Re: Reasons to Invest in Bitcoin??
Post by: dimox on June 19, 2021, 02:03:11 PM
easy than the other stuff.
like you can invest anytime, anywhere, with ease in various ways.
bitcoin have big advantage if you compare with other investment. in a fact, many people still dont know about this one, and thing if bitcoin is scam.
and the point is, bitcoin, one of the thing must have by investor


Title: Re: Reasons to Invest in Bitcoin??
Post by: 22bits on June 19, 2021, 02:05:02 PM
My reason is basically I see that the government is playing with the fiat system and it is a multi nation 'race to the bottom'.  I also like gold but gold is not a replacement for a type of currency whereas bitcoin in my view is.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Freezingel on June 19, 2021, 02:12:30 PM
Yes you are correct, but what you wrote, like for example reason number one, it has good thing as well. Sure, bitcoin is easily affected, even a bit bad news can decrease the price. However, the same happened with good news, it can increase bitcoin price as well. That's why i guess you just need to wait for the price to increase, since it's volatile too so it's not that hard for the price to budge. Then, why should you worry about bank? Bank can't do anything to your bitcoin, and from my experience, i never get my money confiscated or something just because i earned it from bitcoin, it's not something illegal. But if in your country it's illegal, you might need to think other way. And lastly, yes. Unfortunately bitcoin is not common yet to be used in a transaction, but then it's why bitcoin is great for investment, since you can't use it anyway, just put it for long hold it and then gain profits from it. No need to spend it for purchase.


Title: Re: Reasons to Invest in Bitcoin??
Post by: guillaume.bonnot on June 19, 2021, 02:18:36 PM
P2P transactions is enough for me to use bitcoin  :D


Title: Re: Reasons to Invest in Bitcoin??
Post by: Weawant on June 19, 2021, 06:05:16 PM
The thing is, all of the instruments in investing are risky, even though the risks have been set as low, there are still chances and reasons that would make you go broke.

And if that's the case, then why not go with the high-risk high-reward game instead? It would be the same anyway.

I never regret that I am currently in this community and support Bitcoin since then. And the investment I had before is now growing and rewarding me so I will agree with this.


Title: Re: Reasons to Invest in Bitcoin??
Post by: rosebrand on June 19, 2021, 09:37:48 PM
There are real so many reasons to which people chooses to invest in bitcoin, firstly nobody will invest in something that is not profitable, bitcoin is profitable because of it's volatile price so the main reason people invest in bitcoin is to make money, another reason people invest in bitcoin is because it gives them full control of their assets and also through bitcoin there can actually send money to anywhere without much stress. Many people will so choose bitcoin over many investments platform.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Luqman on June 19, 2021, 10:21:41 PM
--
It is the basic reason for Bitcoin.
However, I personally have some reasons why I must hold bitcoin right now:
- Want to get more profits
- The price of BTC is still down and I have no choice besides holding
- Waiting for the price of BTC can reach at least $80k  :D
More specifically


Title: Re: Reasons to Invest in Bitcoin??
Post by: nightrider on June 19, 2021, 11:58:42 PM
Bitcoin is a valuable cryptocurrency. You should invest in bitcoin for the following reasons:
1. Increased demand.
2. Bright investment future.
3. The crypto bubble has burst.
4. Blockchain core technology.
5. Footprints of Giants.
6. Easy access.
7. Safe transaction.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Rajamuda on June 20, 2021, 02:53:50 AM
Basically it is from the characteristics of bitcoin itself that it can provide many benefits, there are many positive things that can be taken from its advantages, such as investing, of course. Other than that this has indeed proven to be of interest to many investors, there is no doubt about it because of the many offers from many investors.


Title: Re: Reasons to Invest in Bitcoin??
Post by: TribalBob on June 20, 2021, 08:47:24 AM
You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.


indeed bitcoin can not be used by many shops, but if communication is held maybe one store will accept bitcoin as payment,

the reason I keep bitcoins only as my long-term asset, and without being taxed (I'm not a tax-abiding person) and also if I save in the bank my money will be deducted by whatever fees, but I keep my money in bitcoin and other alts still without tax every month,
it's just that it takes patience if the value we have is reduced to the initial price  ;D


Title: Re: Reasons to Invest in Bitcoin??
Post by: richcorner100 on June 20, 2021, 11:10:27 AM
Bitcoin is just similar gold which the supply is limited, and the circulating supply will increase only from mining that need long time and high energy cost. But fiat is very easy to increase the supply, only by printing for a second. If we compare Gold and BTC, BTC has more advantages because we can use it for cross border payment and take a few minute to comfirm, but for physical Gold hard to do.  The price action of BTC and GOLD is bit similar so in the future BTC possible to reach current marketcap of Gold, that is above $10T. For afew years BTC and Gold is against inflation of fiat.


Title: Re: Reasons to Invest in Bitcoin??
Post by: temple on June 20, 2021, 11:57:37 AM
Reason 4: Bitcoin is scarce. It has a limited supply and that's why it's become a good asset that everyone can invest in.
Reason 5: You don't have to buy a whole bitcoin so that you can invest in it. You can buy it in batches as many as you can, as freely you as can.

The reason 4 here needs some more important clarification. There could be forks of Bitcoin that are the exact same and therefore also scarce, but that doesn't make the forks valuable. What makes Bitcoin valuable is its first mover advantage and along with that the organically grown ecosystem around it. You can fork the chain and set up an exact copy of it, but you can't fork the ecosystem. That is why it is very hard for other coins to overtake or even close to Bitcoin's market capitalization. There is no other PoW coin that has a similarly sized ecosystem around it.


Title: Re: Reasons to Invest in Bitcoin??
Post by: the rise on June 20, 2021, 11:58:24 AM
Investing in bitcoin, because I love the technology it's used to, and everyone is currently learning for it, I believe it will be a bright future, it makes me always want to invest in bitcoin.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Lordhermes on June 20, 2021, 12:37:50 PM
Investing in bitcoin, because I love the technology it's used to, and everyone is currently learning for it, I believe it will be a bright future, it makes me always want to invest in bitcoin.
Everyone is definitely learning about the Cryptocurrency and how it works. I invest in Bitcoin because, it has low security risk, and you can easily send it to anybody around the world.


Title: Re: Reasons to Invest in Bitcoin??
Post by: AakZaki on June 20, 2021, 02:17:31 PM
The main reason I invest in bitcoin is for profit or to double my money. I don't want to be hypocritical but it's true.
trading with high bitcoin price fluctuations will provide many advantages. But not just trading. I do the analysis first before I enter and exit the market.
Bitcoin or cryptocurrencies are great for short-term or long-term investments. Bitcoin is the most popular digital asset today.


Title: Re: Reasons to Invest in Bitcoin??
Post by: DOH! on June 20, 2021, 03:24:53 PM
The real reason I invest in bitcoin is that I love the freedom of being able to use it with anything you can think of. It's great. Profit? I definitely need it. and to achieve - I need to support and keep them to the due date. It will come with trust, understanding and passion for bitcoin, it's a game and I'm a player :)) There were 60% crying when selling at a loss in May-June, who they are> what they do .
Guys, Happy Father's Day!!
https://pbs.twimg.com/media/E4RjTGCWUAIKoVM?format=png&name=small


Title: Re: Reasons to Invest in Bitcoin??
Post by: Boshir on June 20, 2021, 05:16:49 PM
Reason 01: For the Spreading FAKE news through any person or organization, Bitcoin can devalue BUT it is huge powerful fundamental community that has no big impact. Bitcoin has no regulatory body so no Government can interfere in it's activities for that's reason you haven't worry to Invest in Bitcoin.

Reason 03: Why you not Purchase your needed products from many stores at Once? If ALL the Stores Accept Bitcoin.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Gaaara on June 20, 2021, 05:20:40 PM
Not to overcomplicate things, it's basically because it is a good investment, it has a good liquidity and has been supported and trusted by the crypto community. As long as the crypto community believes in bitcoin it will constantly go to higher price, bitcoin has solidified its position in cryptocurrencies without market making and it is impressive how its been supported all these years with so many projects going here and there.

Bitcoins DLT became popular and still getting some attention, blockchain technology really is one of the main reason to buy bitcoin, you don't have to use it because others will, and as long as it is being demanded its value will never fade away and will continuously grow, that's why its always a good investment.


Title: Re: Reasons to Invest in Bitcoin??
Post by: TheGreatPython on June 20, 2021, 05:58:49 PM
Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?

Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.
For sure I also ask myself why people would think that banks would close their account for no good reason. The only reason why banks will close your account is when you’re involved in illegal practices. If you’re the keep–your–hands–clean type of person, then you wouldn’t have anything to worry about banks closing your account. So you’re right about that particular one. And secondly , there isn’t many stores where you can spend Bitcoin, I don’t have any problem because I think the main purpose is just peer to peer transactions.

There are companies that pays their workers with bitcoin these days. Then as for the transactions taking long, it’s not something that happens all the time. Finally, your first point shows you don’t understand it. Bitcoin has a time it goes up big like it did this year, and it after every four years when there is a halving, and after the prices goes up, it always comes down. So, I don’t think it’s all about whatever nonsense any influencer has to say or not, because without them saying it, the price will still go down.


Title: Re: Reasons to Invest in Bitcoin??
Post by: CoinFoxs on June 20, 2021, 09:33:42 PM
Investing in bitcoin, because I love the technology it's used to, and everyone is currently learning for it, I believe it will be a bright future, it makes me always want to invest in bitcoin.

The only reason to invest in bitcoin is profit if you want to make you investments 10x or more then choose bitcoin as a investment. Bitcoin fluctuates on daily basis and trader have a chance to get some good profit if he is a seasoned trader. Many people start investing in bitcoin as it become popular day by day due to the huge pump happened few months before.


Title: Re: Reasons to Invest in Bitcoin??
Post by: temple on June 21, 2021, 08:24:10 PM
Investing in bitcoin, because I love the technology it's used to, and everyone is currently learning for it, I believe it will be a bright future, it makes me always want to invest in bitcoin.

The only reason to invest in bitcoin is profit if you want to make you investments 10x or more then choose bitcoin as a investment. Bitcoin fluctuates on daily basis and trader have a chance to get some good profit if he is a seasoned trader. Many people start investing in bitcoin as it become popular day by day due to the huge pump happened few months before.

I anyway don't think there are too many other people who claim they invest in Bitcoin for philanthropic reasons. That isn't the case because it wouldn't make sense in the first place. Bitcoin is not like a piece of art that somebody might really buy and pay a lot of money for just because he likes the picture. There maybe a few exceptions though who say that they wanted to own at least some Bitcoin just because it was a revolution that took place during their own times. Probably though they would buy one of these coins with a private key within them, a real collector item.


Title: Re: Reasons to Invest in Bitcoin??
Post by: imstillthebest on June 21, 2021, 08:56:04 PM
1. they can manipulate btc if people get affected and panic sell but if we ignore their tweets and the bad news , btc price will remain normal .
2. they can take your btc if your using a wallet where you dont own your keys and hackers can also take away your btc if your not good at caring your btc .
3. they want btc more than for payment . many stores now accepts btc and they can pay more to speed up the transaction .


Title: Re: Reasons to Invest in Bitcoin??
Post by: oktana on June 21, 2021, 09:46:48 PM
I'll reply all three straightly; if you want to invest in bitcoin, use your spare money. Not just Bitcoin; anything that has to do with the word invest. Also, it depends on the country where you are staying. Some countries have banned crypto, and using it is like looking for trouble, you may loose all your funds when they catch you, so I suggest you check the status of your country and know if they accept their citizens to use crypto.

Finally, I wouldn't really count bitcoin as a store of value (just in case you want to use it for this). Bitcoin's volatility makes it unworthy for that. There are stable coins like usdt where you can store your money and it will have it's fixed value without the ability of crashing down.


Title: Re: Reasons to Invest in Bitcoin??
Post by: albon on June 21, 2021, 10:37:28 PM
I invest Bitcoin because it is the most popular and most trusted currency. Investing Bitcoin is better than gold and silver. I invest it in order to make additional profits for my family life. In addition to the advantages of investing in bitcoin, no bank can block transfers and payments or close your account.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Ebede on June 21, 2021, 11:13:11 PM
The reason i prefer to invest in bitcoin is because it's self moderated and bitcoin regulate itself without the help of anyone, and again bitcoin investment can multiple wealth and it has a higher security level, which no one can thief your coin without been known your login details, it's the reason why i prefer cryptocurrency investment than manual investment, but people dislike cryptocurrency because its online and don't really understand its concept.


Title: Re: Reasons to Invest in Bitcoin??
Post by: JerryKin on June 23, 2021, 03:23:32 PM
In not so many words. Bitcoin for me is a means to earn more and earn quick. Within a short or long period in which the value of Bitcoin goes up one can earn thousand multiples of one's capital.

Another reason I invest is the fact that bitcoin allows me to earn almost effortlessly. All I have to do is buy, hold for a while then sell at Target or desired value.


Title: Re: Reasons to Invest in Bitcoin??
Post by: capcaypro on June 23, 2021, 03:49:16 PM
this is one of the positive functions of bitcoin or in a good sense, but you also have to know what impact we will get from investing here and of course there are some impacts that other people, especially people who are just starting to invest here, don't know yet.
as we all know here that this bitcoin investment does not guarantee you will get a big profit, it could be the other way around if you don't know the function of bitcoin and you are wrong in taking a position (buying at a high price) you may lose money you because here is a very risky place. and many new people who have been affected by bitcoin because they don't know and are just trying to follow the investment here by hoping that bitcoin will continue to rise and not be accompanied by patience and the results are predictable. when bitcoin went down like now many people complained and felt they lost their money and stopped investing even though this was the wrong decision.
so be careful especially for you beginners because here it is not only investment and instant profits but also you have to be patient and smart in seeing the situation because this is a risky place


Title: Re: Reasons to Invest in Bitcoin??
Post by: haidil on June 23, 2021, 04:06:55 PM
1. they can manipulate btc if people get affected and panic sell but if we ignore their tweets and the bad news , btc price will remain normal .
2. they can take your btc if your using a wallet where you dont own your keys and hackers can also take away your btc if your not good at caring your btc .
3. they want btc more than for payment . many stores now accepts btc and they can pay more to speed up the transaction .
because here is a very high risk place so you have to be prepared with all the possibilities that occur including fud and manipulation like this, because this is very natural when it comes to wealth everyone will definitely be competing to increase their profits.
and for the wallet problem here there is also a point but everyone of course will not be careless in storing their money in the wallet without making security, at least they will definitely do double security because this is related to their finances and of course before they start investing here of course they have learned this first


Title: Re: Reasons to Invest in Bitcoin??
Post by: cotton ball on June 23, 2021, 04:21:49 PM
why we all invest in bitcoin, because considering that no other investment provides the same security and benefits as bitcoin, bitcoin has been evolving for a long time, and bitcoin can be trusted because there are no third parties, unlike other investments that involve multiple third parties. three, in the end, if we invest elsewhere, once we invest our money, they run away..


Title: Re: Reasons to Invest in Bitcoin??
Post by: Michael Skylar on June 23, 2021, 04:30:21 PM
Intitally, limited supply of bitcoin is the best thing to me and that's why i love bitcoin and this forum. Though my journey is started, but hopefully bitcoin will increase more likely gaining more knowledge about it.  :)


Title: Re: Reasons to Invest in Bitcoin??
Post by: LimLims on June 23, 2021, 04:43:03 PM
Your information is correct upto a certain extent OP.
But i guess these reasons are not only restricted to BTC only, rather this applies to other alt coins too.
Moreover for me the main reason to buy the coin is it’s price and scope.
Many Traders have already predicted that BTC will change the crypto world soon in the future, and therefore i am buying the coin whenever i have some money to spend.
Hope OP i have added a little extra info for you to debate upon.


Title: Re: Reasons to Invest in Bitcoin??
Post by: tabas on June 23, 2021, 08:32:46 PM
Intitally, limited supply of bitcoin is the best thing to me and that's why i love bitcoin and this forum.
It will increase as you've understand the importance and effect of having a limited supply. It will create scarcity and that's going to be the trigger to make the prices up.
Though my journey is started, but hopefully bitcoin will increase more likely gaining more knowledge about it.  :)
Good luck with your journey, you just have to enjoy the ride.


Title: Re: Reasons to Invest in Bitcoin??
Post by: gundala on June 23, 2021, 09:37:56 PM
Intitally, limited supply of bitcoin is the best thing to me and that's why i love bitcoin and this forum.
It will increase as you've understand the importance and effect of having a limited supply. It will create scarcity and that's going to be the trigger to make the prices up.
Though my journey is started, but hopefully bitcoin will increase more likely gaining more knowledge about it.  :)
Good luck with your journey, you just have to enjoy the ride.
That's how the economic principle works, when demand is high and supply is limited, prices will increase. how important it is to understand well what you are going to invest in. regardless for long or short term, we should know it well. With a combination of technical and fundamental analysis, you can get a great opportunity to take profit. even if you don't have the ability to do market analysis, then use a way to save, and see what you will get a few years later.

this decade is enough to prove that btc has great potential. although in the future the price will continue to change, it can again make new record highs or lows. so be prepared with all the risks. Keep in mind that big profits are always accompanied by big risks.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Rebdoomer on June 24, 2021, 05:06:20 AM
To hedge against inflation that was caused by the stimulus packages.


Title: Re: Reasons to Invest in Bitcoin??
Post by: tabas on June 24, 2021, 08:55:37 PM
Intitally, limited supply of bitcoin is the best thing to me and that's why i love bitcoin and this forum.
It will increase as you've understand the importance and effect of having a limited supply. It will create scarcity and that's going to be the trigger to make the prices up.
That's how the economic principle works, when demand is high and supply is limited, prices will increase. how important it is to understand well what you are going to invest in. regardless for long or short term, we should know it well. With a combination of technical and fundamental analysis, you can get a great opportunity to take profit. even if you don't have the ability to do market analysis, then use a way to save, and see what you will get a few years later.

this decade is enough to prove that btc has great potential. although in the future the price will continue to change, it can again make new record highs or lows. so be prepared with all the risks. Keep in mind that big profits are always accompanied by big risks.
There will still be those people, institutions and government that cannot see the full potential of bitcoin in this modern generation. But to us who have a background of it and understands well about its features and having a limited supply.
We all shall see the true potential that it can give to those who will start bagging it.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Smartvirus on June 24, 2021, 09:15:15 PM
I'm glad you know a thing or two of bitcoin and investment. You know also about how government and its agencies works in order to manage the affairs of it's nation. They all come together to ensure some balance in nature bit then, let me ask you this @OP?

1. Did you expect bitcoin or cryptocurrencies to be perfect without any flaws or challenges at all?
2. Have you ever seen or know of a thing, be it asset or policy of some sort without any flaw or challenge?

The variation and flaws 8n a system exists so there is a chance to choose and that humanity doesn't go sole on a particular aspect of it's essence. This is life, you select the one that is convenient for you and you deal with it.

On why you should invest in bitcoin, its because, its an asset of value. Despite the fact that it could serve as a currency, its a currency that 1 doesn't stay one. Its value can be hyper and its purpose is variable.


Title: Re: Reasons to Invest in Bitcoin??
Post by: KeikoKitagawa18 on June 25, 2021, 01:44:03 AM
My reason to invest in bitcoin is because bitcoin has been survive since 2011 and the price is keep rising every single year, i know my reason is very simple but for me this is the important thing for me to invest on bitcoin.


Title: Re: Reasons to Invest in Bitcoin??
Post by: randegibran on June 25, 2021, 01:36:20 PM
bitcoin is the best crypto asset.for a very convincing.investment, if we have a habit.of investing.this, this is a very good start to do it, moreover.this business.is not a fraudulent.investment like those in other businesses.if you feel uncomfortable.with an investment then you don't want to go into a business.after all this is back to the perception.of each of uswhether.you want to or not you jump in this investment, then the choice is given to you alone


Title: Re: Reasons to Invest in Bitcoin??
Post by: Philipruch on June 25, 2021, 04:52:18 PM
Investing in Bitcoin is one of the best thing to do in terms of savings money and the reason is that Bitcoin is not a paper money to spoil and it adds value even while saving it, it can't be Freezed by any bank or government. Hence it should be taken as an advantage....


Title: Re: Reasons to Invest in Bitcoin??
Post by: TribalBob on July 25, 2021, 01:27:19 PM
In addition to the things you have mentioned, I will add my opinion, for me bitcoin is a very profitable investment and offers many benefits to users.
anyone can buy it in any percentage and how much they want as long as they can afford.  there is the advantage of bitcoin compared to investing in fiat or physical


Title: Re: Reasons to Invest in Bitcoin??
Post by: blackened515 on July 25, 2021, 02:15:32 PM
Bitcoin is the king of Cryptocurrencies, and despite getting it banned in some countries, it still remain strong and unstoppable. Bitcoin have less security risk. It also profitable Investing in Bitcoin, but that is, if the Investor is patience enough. Bitcoin is decentralized, it is not controlled by any organization or government. I must admit, bitcoin is and have been a good Cryptocurrency to invest in.


Title: Re: Reasons to Invest in Bitcoin??
Post by: kojektea on July 25, 2021, 02:16:23 PM
The main reason we invest is because here I make the most money, the fastest to make a profit, it's the real thing and it's true I'm going through. although, cryptocurrencies are fraught with risk. however, for anyone who understands how to trade, invest, and mine. will definitely get amazing results here.


Title: Re: Reasons to Invest in Bitcoin??
Post by: milani on July 25, 2021, 02:40:08 PM
First I want to say that I have some Bitcoin and I want to see it go to the moon. But I have some questions regarding the reasons that people give as to why Bitcoin is a good investment.  :-*

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?

Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.


Please correct me if I am misinformed.  :o

Everyone has his personal reason to invest into Bitcoin. To survive, hodl, become richer, because of believe into Bitcoin etc. But the key moment in this question is new and good opportunities that cash or banks can not give, because those two have borders, limitations and different nuances. Bitcoin give people new opportunities first of all - like time economy, bordeless transactions, income and so on.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Viscore on July 25, 2021, 09:47:06 PM
First I want to say that I have some Bitcoin and I want to see it go to the moon. But I have some questions regarding the reasons that people give as to why Bitcoin is a good investment.  :-*

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?

Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.


Please correct me if I am misinformed.  :o

Everyone has his personal reason to invest into Bitcoin. To survive, hodl, become richer, because of believe into Bitcoin etc. But the key moment in this question is new and good opportunities that cash or banks can not give, because those two have borders, limitations and different nuances. Bitcoin give people new opportunities first of all - like time economy, bordeless transactions, income and so on.
Investing in bitcoin i think is the smartest one i made. I know bitcoin is the future. While others are afraid to take risk, but i know taking risk in bitcoin is all worth it. I may have losses and disappointments tody, but all these will vanish once bitcoin will reach its most expensive price and all i have is huge profits. The thing that everyone is waiting for aside from the fact that it also aim to be adopted soon as a currency next to fiat in the whole world.


Title: Re: Reasons to Invest in Bitcoin??
Post by: BuyingBitcoin on July 25, 2021, 10:52:35 PM
Bitcoin is part asset, part currency and part stock. Saying that it's only one of these is a lie. It has multi purpose.


Title: Re: Reasons to Invest in Bitcoin??
Post by: rikybrosh on July 25, 2021, 11:06:29 PM
My opinion is, reason number 1 is temporary because when bitcoin spread evenly then bitcoin price will more stable. Most of bitcoin users use bitcoin as investment so they really care about the price movement, they also can create FUD or help FUD so the price can go down then they can buy more, it is a traders strategy. Reason number 2, I think you should obey the regulations of your country but you have a choice to own bitcoin or not, basically you can hold bitcoin although your country ban it as long as you keep it secret, I think just hold Bitcoin is not ilegal, bitcoin is not a drug or something that can hurt you, so logically countries should not make bitcoin as ilegal thing. Reason number 3, it's need time to see bitcoin mostly used for purchasing goods rather than in exchange site, and I think bitcoin transactions is much more convenient and fast rather than bank or any remittance service. Paper money is in physical form which mean you need much  physical effort to move it. Bitcoin transactions is faster than you think, usually merchants use vendor service such as coin payment and etc, I use coin payment and their service is pretty good, it take 5 to 10 minutes to complete transactions but in real life it will not be a problem, for example if we buy food in a restaurant then we don't need to worry about transactions confirmation because the merchants will receive the coin. Costumers just need to send then leave. I personally invest in bitcoin because the price will rise.


Title: Re: Reasons to Invest in Bitcoin??
Post by: romero121 on July 25, 2021, 11:49:09 PM
  • It gives the freedom/security of holding your own funds which isn't possible with banks
  • It truly makes you move to the next level of living, if you have the ability to hold
  • As the supply is limited, there won't be any inflation as the fiat
  • It is the future of payments, as a beginning we can see more number of stores accepting bitcoin
  • You'll be part of the technology, and it gives the access to earn. In particular based on the learning you can make an earning through trading. Because, the market is volatile.


Title: Re: Reasons to Invest in Bitcoin??
Post by: decodx on July 25, 2021, 11:58:18 PM
Bitcoin presents a revolutionary new potential in the financial landscape, as it can be used for worldwide peer-to-peer transactions without the need for banks. There are hundreds of reasons why an investor should go into bitcoin. Some of the obvious ones are:
- This technology is here to stay. It is also the most innovative technology to enter our society.
- Investing in this field has high potential returns.
- It is considered to be highly secure and safe.
- Bitcoin may be the best way to break free from the fiat system.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Gcrypto786 on July 26, 2021, 02:50:05 AM
Everyone has his personal reason to invest into Bitcoin. To survive, hodl, become richer, because of believe into Bitcoin etc. But the key moment in this question is new and good opportunities that cash or banks can not give, because those two have borders, limitations and different nuances. Bitcoin give people new opportunities first of all - like time economy, bordeless transactions, income and so on.

Right, as there is no force on anyone to either invest in Bitcoin or not. those who want to invest in cryptocurrency, make sure that there is a huge risk in it and anytime the market will be crash or pump to the sky.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Kimonoe on July 26, 2021, 04:16:10 AM
bitcoin is digital gold, where if it is later accepted by most people, the price will soar, so if we invest now, we will get the benefits later with extraordinary returns. although there is no guarantee of that, but I guess people here have the same view as what I think


Title: Re: Reasons to Invest in Bitcoin??
Post by: Mr.sprin on July 26, 2021, 04:35:31 AM
now everyone who has a lot of money has invested in bitcoin, even large companies have adopted a lot of bitcoin, this is a sign that bitcoin in the future will be more expensive, every job has the risk of investing in bitcoin and has a high risk, so you must be smart to read the market.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Hendra gunawan on July 26, 2021, 05:34:54 AM
bitcoin is digital gold, where if it is later accepted by most people, the price will soar, so if we invest now, we will get the benefits later with extraordinary returns. although there is no guarantee of that, but I guess people here have the same view as what I think
Yes, bitcoin is like digital gold.  The longer it is stored, the higher the value.  At only 32k bitcoin price is still too cheap.  Many people predict the price of bitcoin will be above 100k.  My advice is better not to sell, especially if you buy it above 40k.


Title: Re: Reasons to Invest in Bitcoin??
Post by: clint25n on July 26, 2021, 06:55:50 AM
we all know that investing is a hope for the future with the existence of these investments will provide a little guarantee of old age, but related to the reasons for investing in bitcoin, of course there are several factors, especially these investments are long-term investments and are very transparent in nature. allows investors to directly see their bitcoin statistics in just a short time, like we want to sell or maintain it in the stock market


Title: Re: Reasons to Invest in Bitcoin??
Post by: Mohsin420 on July 26, 2021, 07:04:05 AM
There are many reasons to invest in bitcoin because bitcoin is a digital gold And also bitcoin  is the king of crypto market bitcoin become more popular day by day Reason to invest in bitcoin because many companies start getting payment in bitcoin so I am sure bitcoin is a future according to many predicter bitcoin  price will be above 150k in future so it's right time to invest


Title: Re: Reasons to Invest in Bitcoin??
Post by: krky on July 26, 2021, 12:01:08 PM
Many people consider this just the start of the bull market, but.....

None of us knows the perfect time to invest or can predict the price. the intelligentsia of the market is the combined knowledge of all humans and algorithms which is more than knowledge than can anyone can have. Also bitcoin is so scarce that a single wealthy investor can significantly move the market in secret and announced. Rather than trying to time the market,  Let time work for guys...


Title: Re: Reasons to Invest in Bitcoin??
Post by: Dhoe on July 26, 2021, 12:31:39 PM
Many people consider this just the start of the bull market, but.....

None of us knows the perfect time to invest or can predict the price. the intelligentsia of the market is the combined knowledge of all humans and algorithms which is more than knowledge than can anyone can have. Also bitcoin is so scarce that a single wealthy investor can significantly move the market in secret and announced. Rather than trying to time the market,  Let time work for guys...
it's true what you say, bitcoin is very rare, it's a habit if we hold rare items, most likely, profits will be easy for us to get, even though we know the price of bitcoin we can't predict, sometimes it goes down and sometimes it goes up, but if we look at the history of bitcoin's journey from zero, until now widely known by all countries, bitcoin can be said to have bright hopes in the future, that's why everyone wants to invest in bitcoin..


Title: Re: Reasons to Invest in Bitcoin??
Post by: Hughes_Ryan on July 26, 2021, 01:24:58 PM
bitcoin is the best asset to invest in today, as bitcoin is getting more and more popular its market cap is increasing, bitcoin gives you the freedom to send payments anywhere in the world instantly for a fee  low, allowing you more freedom and privacy when handling your money, from investing bitcoin you get very high returns to changing your life for the better.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Semar Mesem on July 26, 2021, 03:29:02 PM
My goal of investing in bitcoin is only one, which is to get a big profit and immediately change my life for the better, currently I work in an office with a monthly salary of about $ 600, the total needs of my life a month about $ 350 so I invest bitcoin every month around $ 100-$ 150.


Title: Re: Reasons to Invest in Bitcoin??
Post by: bitzizzix on July 26, 2021, 03:49:05 PM
The purpose of investing is of course to seek profit from existing funds or assets, and bitcoin offers the opportunity to earn large amounts of profit and this is one of the reasons why many people and investors buy bitcoin as a promising investment.
and although Bitcoin is relatively new, the potential returns it promises are much greater than any other type of investment, and even when crypto assets are volatile, high profit opportunities are still possible, most importantly be patient and long term is the best option to invest in bitcoin.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Sayeds56 on July 26, 2021, 03:56:14 PM
the reason for investing is definitely looking for profit, the profit from bitcoin is quite large if it is bullrun like early April yesterday, but behind the big profits it takes a strong mentality and far from panic if the assets we have are reduced from initial capital

True. It is anti inflationary and growth oriented and fully De-centralized currency. This is the best growing  asset during the past 13 years, even better than AMAZON share. It will continue its growth journey in coming months and years because its supply is very limited and mining will stop when it reaches 21 Million and no one can exactly predict , it will be worth how many Million $ when last block of Bitcoin will be mined.


Title: Re: Reasons to Invest in Bitcoin??
Post by: capcaypro on July 26, 2021, 04:54:27 PM
My reason to invest in bitcoin is because bitcoin has been survive since 2011 and the price is keep rising every single year, i know my reason is very simple but for me this is the important thing for me to invest on bitcoin.
simple reason but the reality is basically not that simple friend.
it takes a long process and very high patience to achieve it all, it is true from year to year bitcoin always increases but behind it all there is a waiting process, there is a fud hanging around and there are scammers and fraudsters who are always stalking us.
although your reason is simple, you should start studying and need to increase your patience if you are here because if you look at 2011, it is now 2021 and 10 years is not a short time.
so start not thinking for that simple and learn the ins and outs that are here


Title: Re: Reasons to Invest in Bitcoin??
Post by: techearn17 on July 26, 2021, 05:23:03 PM
My goal of investing in bitcoin is only one, which is to get a big profit and immediately change my life for the better, currently I work in an office with a monthly salary of about $ 600, the total needs of my life a month about $ 350 so I invest bitcoin every month around $ 100-$ 150.

If you invest fifty dollars, no one can stop you from getting better We should invest ten dollars a month to improve our future Bitcoin is giving us a golden opportunity to ride our future After a few years, people will want to buy Bitcoin but will not be able to do so, just as people who want to buy gold now cannot afford it.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Abiky on July 27, 2021, 12:24:20 PM
First I want to say that I have some Bitcoin and I want to see it go to the moon. But I have some questions regarding the reasons that people give as to why Bitcoin is a good investment.  :-*

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?

Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.


Please correct me if I am misinformed.  :o

You're mostly correct. Bitcoin is all about financial freedom, empowering people to take control of their lives without fear of censorship or fraud. The pioneer cryptocurrency is still cheaper and faster to use than a wire transfer. Altcoins are even better in this regard, making crypto/Blockchain tech the preferred way of sending money worldwide without middleman. All you need is an Internet connection and you're good to go.

The fact that Bitcoin is decentralized and outside the scope of mainstream governments and central banks alike, should be a reason for anyone to invest into it for the long term. Volatility is something you'll need to keep in mind if you're planning to cash out Bitcoin to Fiat. But that's no longer a concern if you use Bitcoin directly for goods and services. More people are realizing Bitcoin's true benefits relative to Fiat, so it should only be a matter of time before mainstream adoption explodes like crazy. Banks are envious about Bitcoin, so expect more oppression against it in the future. Just my opinion :)


Title: Re: Reasons to Invest in Bitcoin??
Post by: Vishnu.Reang on July 27, 2021, 12:46:09 PM
True. It is anti inflationary and growth oriented and fully De-centralized currency. This is the best growing  asset during the past 13 years, even better than AMAZON share. It will continue its growth journey in coming months and years because its supply is very limited and mining will stop when it reaches 21 Million and no one can exactly predict , it will be worth how many Million $ when last block of Bitcoin will be mined.

How many times it needs to be repeated? The mining will not stop once all the 21 million coins are mined. The mining reward consists of two parts - block reward and fee reward. The fee reward will remain as long as BTC is used for transactions. And in another two decades or so, the mining reward will primarily consist of fee reward (since the block reward halves every 4 years. The next halving is scheduled for 2024). But I agree with the other aspects, such as decentralized nature and protection against inflation. These aspects make BTC a lot more attractive to the investors.


Title: Re: Reasons to Invest in Bitcoin??
Post by: cotton ball on July 27, 2021, 01:04:32 PM
the bitcoin market is in a downward trend compared to a few months ago. this makes it one of the moments for investment because if bitcoin experiences an increase this will be a big profit for us
this is how wise people think, because people who have played in bitcoin for a long time will definitely take advantage of every opportunity that exists, when bitcoin is down, wise people will definitely buy bitcoin, and invest, they will wait for the right time to resell bitcoin they, that's the wise people in seeking profit..


Title: Re: Reasons to Invest in Bitcoin??
Post by: YOSHIE on July 27, 2021, 01:19:10 PM
Please correct me if I am misinformed.  :o
I do not deny your reasons for investing in digital currency (Bitcoin).

Of course, everyone has their own reasons for 'investing' as well as me and you, have their own principles and ways to do it, the point is profit.

Since the birth of Bitcoin to the internet world, admit it or not, what is clear is that the pattern of changes in the economic structure of the people has changed a lot, Be happy, for people who have known Bitcoin from the beginning until now.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Easteregg69 on July 27, 2021, 01:24:01 PM
Dunno if it went bear or bull I used it for "Store of value".

Herligheds værdi.



Title: Re: Reasons to Invest in Bitcoin??
Post by: ropyu1978 on July 27, 2021, 01:52:57 PM
Dunno if it went bear or bull I used it for "Store of value".

Herligheds værdi.


true as you said we will not care about bears or bulls, we know we invest in bitcoin for profit, we take care of the assets we own, to be able to profit in the future, that's what we invest in bitcoin for..


Title: Re: Reasons to Invest in Bitcoin??
Post by: Republikcoin.com on July 27, 2021, 05:01:10 PM
My goal of investing in bitcoin is only one, which is to get a big profit and immediately change my life for the better, currently I work in an office with a monthly salary of about $ 600, the total needs of my life a month about $ 350 so I invest bitcoin every month around $ 100-$ 150.

Your goal is very greedy, even you only know Bitcoin is about profit, not the technology which is the most important thing here. Blockchain technology has succeeded in bringing all crypto communities into a transparent ecosystem. Blockchain technology is what keeps Bitcoin alive and is known as a revolutionary cryptocurrency.
Try to stop thinking about the profit from cryptocurrencies, and think about making Bitcoin easier for everyone to accept. Be an influencer in the blockchain world, introduce blockchain to others so they can enjoy this coolest financial feature.


Title: Re: Reasons to Invest in Bitcoin??
Post by: rozak on July 27, 2021, 05:11:47 PM
some people think for the long term of course bitcoin is the main choice.
Moreover, the power of bitcoin's dominance in the market is very strong, of course making bitcoin the main asset in the market. why don't we have it?
most importantly, bitcoin will not cheat us for money that will be gone forever. because when it dumps there will be a pump.
but the thing to consider, investing in bitcoin will require large enough capital to get big profits too.
we have gone through several years of bitcoin development. we've seen bitcoin at the bottom and reaching new peaks. bitcoin will never die.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Husnain651 on July 27, 2021, 05:17:11 PM
Bitcoin’s value has been going up for the past couple of months. After the cryptocurrency finally managed to stabilize at the beginning of 2020, experts predicted that it will rise and possibly break the 2017 record. Not only did Bitcoin reached that milestone at the end of the year, but it breezed past it. As of the end of February 2021, the price for 1 Bitcoin exceeds $50,000, which makes this cryptocurrency as valuable as gold.We all know that the main reason why people are so willing to invest in Bitcoin is the fact that it can turn them into overnight millionaires. You can earn Bitcoin by mining it and buying it at a lower price than the one you hope to sell.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Murtaza345 on July 27, 2021, 06:56:36 PM
Because everyone want to earn good profit by invest some money ,and we want to invest money in good project,and bitcoin is very good project to earn very good profit in very short time.And more in past few days we have seen the price of bitcoin increased,and we have got very good profit,which other platform can not give us profit like bitcoin ,and there are many more reason to invest in bitcoin platform.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Smartvirus on July 27, 2021, 07:41:19 PM
One major reason why most persons invests in bitcoin is because of its dominance. Bitcoin has been known or seen to dominate the market or crypto space so well that, you can barely think of the word crypto without thinking of bitcoin, it's virtually not possible. The world has come to know cryptocurrency becuase of bitcoin, a privilege it enjoys by being the first and so does it as an investment choice. For this reason, bitcoin has endured a staggering growth in the crypto sphere that so many forget or do not even think of the possibilities that exists in mining or purchasing of altcoins.

Bitcoin is believed to be the currency of the future, at least it could serve for most things, it stands as an asset of value and has stood the test of time in over a decade. The fact that, its yet to reach its full potential is one of the reason why its investors find it more promising a lot. Bitcoin would continue to strive and even as a scared commodity, it would strive still.


Title: Re: Reasons to Invest in Bitcoin??
Post by: livingfree on July 27, 2021, 08:34:44 PM
because this business.is very good for us.to benefit significantly.and also the way this business.works is.very transparent.and also so easy for beginners.who want to do this business.in any case.and don't need to be complicated.to sell.or buy it.again, because this.is it.The reason I entered.the world of bitcoin was.to study.it seriously.and also how to get as little profit as possible
It's not easy for beginners to succeed in investing in bitcoin.

I've seen a lot of newbies give up too early because they were discouraged by just looking at the correction. They're here for the quick profit and although that's possible with their good timing.

But it won't be the same for everyone.


Title: Re: Reasons to Invest in Bitcoin??
Post by: adzino on July 28, 2021, 12:50:23 AM
First I want to say that I have some Bitcoin and I want to see it go to the moon. But I have some questions regarding the reasons that people give as to why Bitcoin is a good investment.  :-*

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

Lol, you just said that big influential people can "devalue" bitcoin with a single tweet as a reason why people should invest in bitcoin. So when they do that, just invest more. You will be helping the price to go back up and in the long run, you will also be making more profit.
Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?
If you aren't doing anything illegal, the banks won't lock your account. And no, if you acquire those bitcoin illegally, your government can confiscate your bitcoins depending on the law of your country.

Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.
It is because bitcoin hasn't gone mainstream yet. There are stores that you can find online that accepts bitcoin. Give it a few more years and maybe we will be spending bitcoin on physical stores. And for the transaction confirmation delay, I am sure we will come up with a solution one day.


Title: Re: Reasons to Invest in Bitcoin??
Post by: breathlessz on July 28, 2021, 05:16:08 AM
Because everyone want to earn good profit by invest some money ,and we want to invest money in good project,and bitcoin is very good project to earn very good profit in very short time.And more in past few days we have seen the price of bitcoin increased,and we have got very good profit,which other platform can not give us profit like bitcoin ,and there are many more reason to invest in bitcoin platform.
actually besides bitcoin there are also other avenues and other options for a good investment. but the facts in the field that bitcoin has the greatest potential to quickly generate profits. in terms of the price of bitcoin has the highest price and also greater profits keuntungan
on the other hand the largest capitalization is in bitcoin, so many people feel safe investing in bitcoin. I think after investing it takes patience to wait for the price to return high, and we have to leave the market, so that the profit we already have can be taken instead of burning out of greed


Title: Re: Reasons to Invest in Bitcoin??
Post by: fuguebtc on July 28, 2021, 05:17:02 AM
There are many different reasons to invest in bitcoin. Bitcoin is decentralized and peer-to-peer. We can use bitcoin as a payment method or a place to make a profit without being controlled by a third party. Bitcoin and crypto are hype, this is why many people invest to get rich quick.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Charot12345 on July 28, 2021, 05:18:40 AM

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.
Your are really in control of your own money but not it's value. An influential people can affect Bitcoin. If they advertise it in a good way, sure that it has agood impact but if they spread news that was not even true or against bitcoin it can devaluate its value.

Quote
Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?
Nobody can take it away unless you tell them how to access it and also there's a hacker somewhere so it was better to secure your bitcoins. Bank can't take your bitcoins unless you convert to fiat already and do something against their policy. It was decentralized and government can't regulate you about it.

Quote
Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.
I think some countries anyone can purchase in stores using bitcoins and in the next few years every stores will adapt to it too.

Bitcoin is a really good investment if you already know how to handle it and how it works. In a short term and long term.




Title: Re: Reasons to Invest in Bitcoin??
Post by: ayan9167 on July 28, 2021, 06:02:58 AM
Bitcoin sparked a revolution that motivated many people around the world to dive into this world and try their luck. 
We all know that the main reason why people are so willing to invest in Bitcoin is the fact that it can turn them into overnight millionaires. 


Title: Re: Reasons to Invest in Bitcoin??
Post by: wallet4bitcoin on July 28, 2021, 06:12:12 AM
The most useful thing is, You can send money to anyone in this world. No need to wait long time. And also bitcoin is the most popular and demanded cryptocurrency, So if you hold for long time, It canbe make you profitable. The big companies interest in bitcoin is noticeable.


Title: Re: Reasons to Invest in Bitcoin??
Post by: blackened515 on July 28, 2021, 06:36:38 AM
Because everyone want to earn good profit by invest some money ,and we want to invest money in good project,and bitcoin is very good project to earn very good profit in very short time.And more in past few days we have seen the price of bitcoin increased,and we have got very good profit,which other platform can not give us profit like bitcoin ,and there are many more reason to invest in bitcoin platform.
actually besides bitcoin there are also other avenues and other options for a good investment. but the facts in the field that bitcoin has the greatest potential to quickly generate profits. in terms of the price of bitcoin has the highest price and also greater profits keuntungan
Bitcoin is very secure, it has less security risk. I always consider Bitcoin to be a very good investment platform. It also have low fees. With bitcoin, one can basically send value to anyone around the world, it has no boundary.  Bitcoin is the king of cryptocurrencies, and is very profitable. There are other reasons why people invest in Bitcoin.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Bollexz1 on July 28, 2021, 07:02:44 AM
First I want to say that I have some Bitcoin and I want to see it go to the moon. But I have some questions regarding the reasons that people give as to why Bitcoin is a good investment.  :-*

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?

Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.


Please correct me if I am misinformed.  :o

You should be less worry about whatsoever actions the government will take on bitcoin in respective of country you live in. Probably because I don't think a single government of just one state can decide what bitcoin fate holds. The more some country's government tries to ban, the much more some other country's government accept it.

We are in a digital world, the whole world is evolving so as humanity. And why stop now, when the do called bitcoin is yet to reach the highest of its peak.

I'll rather put all my life savings in bitcoin rather than having one institute control my money for me.

Decentralisation it is though.


Title: Re: Reasons to Invest in Bitcoin??
Post by: decodx on July 28, 2021, 08:28:07 AM
The most useful thing is, You can send money to anyone in this world. No need to wait long time. And also bitcoin is the most popular and demanded cryptocurrency, So if you hold for long time, It canbe make you profitable. The big companies interest in bitcoin is noticeable.

Yes, I agree. Some companies want to make easier, faster and cheaper ways to send bitcoin through their services, in places where internet are not possible or needed like if you're a businessman in a remote place in some desert, in Africa.

And all this is only possible when bitcoin becomes a currency, when people start using it as money.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Om.monata on July 28, 2021, 09:20:56 AM

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.


this is the weakness of bitcoin that probably not many people know. The influence of the great man is very clear. at this time we can only see the positive side of bitcoin without realizing the negative side


Title: Re: Reasons to Invest in Bitcoin??
Post by: Wong Gendheng on July 28, 2021, 09:56:47 AM
The reason why I invest in Bitcoin is very simple. I just think that as an investment means in the long run, its value of preservation will be much stronger than other investment means or fiat currency. In the long run, I don't care about its rise or fall in the short term, I only see the future returns.

There is no doubt that investing in bitcoin for the long term is something that we must do, seeing market conditions and the number of large global companies investing in bitcoin makes me believe we can get at least 10x profit in a year.


Title: Re: Reasons to Invest in Bitcoin??
Post by: LUCKMCFLY on July 29, 2021, 03:50:36 PM
The reasons are many, but mainly I think that apart from that it represents technology, bitcoin represents money and the elimination of debt, apart from that many influencers in the world have adopted Bitcoin, as well as the country "El Salvador" adopted Bitcoin, this causes In the market much more demand, apart there is an article where an analyst recommends BTC, which gives a win-win prediction:

Bitcoin analyst talks about the ‘opportunity’ in the current market

Quote
BTC analyst, Benjamin Cowen in a recent video presented optimism about Bitcoin’s supposed exit from the Sandbox. He said:

“After spending the summer in the sandbox, the price of Bitcoin may be finally coming out of it. We still need more time to tell, but momentum is with us for now. Whether we leave it now or later, it is more or less a win-win opportunity.”
Source: https://ambcrypto.com/bitcoin-analyst-talks-about-the-opportunity-in-the-current-market/ (https://ambcrypto.com/bitcoin-analyst-talks-about-the-opportunity-in-the-current-market/)

I think it is a great opportunity for those who still have doubts about Bitcoin, this may be a good time to buy and invest.


Title: Re: Reasons to Invest in Bitcoin??
Post by: perryxi2 on July 29, 2021, 05:21:50 PM
I love investing in BTC because it makes me financially free and has absolute privacy, and I personally love technology and BTC is my investment choice, no BTC positions can still be stored for a long time and in the future BTC will have a high value, I am sure of this.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Woodie on July 29, 2021, 05:54:09 PM
First I want to say that I have some Bitcoin and I want to see it go to the moon. But I have some questions regarding the reasons that people give as to why Bitcoin is a good investment.  :-*
Might not be a popular choice but for me its the high risk and high reward bitcoin has obviously, It's incomparable to any asset out there that can give a high return on investment in a short period.

For such a high profiled asset there is no need of boardroom meetings to invest in it, it's with a few clicks and you are on your way to earning interest from your bitcoin.



Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?

Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.


Please correct me if I am misinformed.  :o
Total control is one hell of a reason and I think it's one of the reasons that makes bitcoin loved by the people and hated by the government.


Title: Re: Reasons to Invest in Bitcoin??
Post by: macson on July 29, 2021, 05:56:00 PM
snip
The thing I like most about Bitcoin is that it really makes it easier for us to do anything with our funds, especially transactions.  Bitcoin really makes us free from third parties and banks when transacting with others, besides that its value is also increasing which makes many people interested in investing in Bitcoin.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Abiky on July 30, 2021, 01:37:35 PM
The reasons are many, but mainly I think that apart from that it represents technology, bitcoin represents money and the elimination of debt, apart from that many influencers in the world have adopted Bitcoin, as well as the country "El Salvador" adopted Bitcoin, this causes In the market much more demand, apart there is an article where an analyst recommends BTC, which gives a win-win prediction:

Bitcoin analyst talks about the ‘opportunity’ in the current market

...

I think it is a great opportunity for those who still have doubts about Bitcoin, this may be a good time to buy and invest.

Not only countries are beginning to adopt Bitcoin as legal tender, but mainstream companies have signaled their support towards it. Tesla, PayPal, and some other companies are investing into Bitcoin for their own benefit. The fact that Bitcoin is decentralized and censorship-resistant, should be a strong reason for anyone to invest into it for the long haul. Only a fool or a hater will avoid it in the first place.

If you join the crypto/Blockchain bandwagon now, you'll be able to reap the rewards in the future once it goes to the moon again. There are many experts predicting that Bitcoin will reach $100k and even $1m per coin in the not-so-distant future. Buying Bitcoin while it's still below $60k may be the best decision to make. You'll be missing an opportunity of a lifetime to make endless profits if you avoid Bitcoin today. Just my thoughts ;D


Title: Re: Reasons to Invest in Bitcoin??
Post by: Bollexz1 on July 30, 2021, 05:21:40 PM
First I want to say that I have some Bitcoin and I want to see it go to the moon. But I have some questions regarding the reasons that people give as to why Bitcoin is a good investment.  :-*

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?

Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.


Please correct me if I am misinformed.  :o

If truly you love bitcoin then I guess you should be less worry about what the news holds, either being top influencer or the government. Because each time it dips based on one government banning bitcoin, or influencer like Elon putting a pause in accepting bitcoin for Tesla etc.., whales enters the market and purchase in bulks.

What you're yet to know is the fact that this same whales are part of the government officials, also the same top influencers who said a word or two to made your weak hands dump.

However, you should be less worry about why the demand for bitcoin as payment keeps improving... People prefers bitcoin because its fast, secure and easy and they're can easily turn to cash to purchase in stores that doesn't YET accept Bitcoin as their mode of payment.

As far as I'm concerned, Bitcoin and Fiat will keep working together, just like Gold and Fiat or Bond vs Fiat.


Title: Re: Reasons to Invest in Bitcoin??
Post by: 777Jolami on July 30, 2021, 05:43:07 PM
My reasons for investing in bitcoin are for emotion, a change and escape from the pressures of fiat, inflation that puts per worker wages psychologically burdened by the devaluation of fiat. I was looking for an opportunity to change my own life. I don't want to be a slave to fiat until my hair turns white. Lol
Later, I will have a wife and children. I don't want them to be under the same pressure.


Title: Re: Reasons to Invest in Bitcoin??
Post by: boyptc on July 30, 2021, 07:35:47 PM
Of course, everyone will choose to invest for the future and invest in the future, but if we think that investing in bitcoin is a fairly open and very transparent business for us to do, especially for us beginners who really want to get into the crypto business in order to earn money. a little profit for our future.because a bright future is people who keep investing in their youth
We're recommending the newbies to start and invest only with bitcoin.

But there's now a trend that many newbies don't go immediately to invest in bitcoin but they're choosing some altcoins that has been told to them.

Anyway, they've got to learn it the hard way if they don't listen.


Title: Re: Reasons to Invest in Bitcoin??
Post by: mrkhan90 on July 31, 2021, 02:06:16 AM
Bitcoin is a best valuable coin in the cryptocurrency market.We believed that it's price will increase day by day.I also believe that in future it's popularity will spread worldwide. Because it represents technology and money for elimination debt.So i trust that it's the best opportunity for future invest.So I believed that if we understand about cryptocurrency market and invest Bitcoin, it's the best decision for cryptocurrency market.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Wawa2013 on July 31, 2021, 03:19:01 AM
Of course, everyone will choose to invest for the future and invest in the future, but if we think that investing in bitcoin is a fairly open and very transparent business for us to do, especially for us beginners who really want to get into the crypto business in order to earn money. a little profit for our future.because a bright future is people who keep investing in their youth
We're recommending the newbies to start and invest only with bitcoin.

But there's now a trend that many newbies don't go immediately to invest in bitcoin but they're choosing some altcoins that has been told to them.

Anyway, they've got to learn it the hard way if they don't listen.

Indeed, newbies who start investing in the crypto world should choose Bitcoin, which is proven to be safe and reliable. People who do not have
the knowledge and experience there is still a chance to profit from Bitcoin, most importantly they can patiently wait for the target they set is
achieved. But the fact is that newbies prefer altcoins which are promoted more by influencers, newbies don't realize that influencers who promote
altcoins are usually only able to generate profit for personal gain. Finally, many newbies experience losing money when they first invest in
the crypto world, because they started with the wrong coins.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Elsaveronicha on July 31, 2021, 03:25:53 AM
Investing in bitcoin makes huge profits.  In 2020 bitcoin price is only 5000$ now bitcoin price is 40000$.  If we invested last year, we already got 8x profit.  Then many large companies have bought bitcoin for investment, in the future more and more companies will believe and invest in bitcoin.  That's why we have to buy now, before the price skyrockets again.


Title: Re: Reasons to Invest in Bitcoin??
Post by: 2girls on July 31, 2021, 03:55:18 AM
Bitcoin is World top Cryptocurrency , there are a lot of reasons to invest in Bitcoin, in 10 years chek the bitcoin performance , bitcoin is the future money so if want huge profit in future musy buy some and hold but as well as you need patience without patience you can't hold for a long while because sometime it can also dump but that time you must have patience and you must have hold if want long term profit, so the main reason to invest in bitcoin is Profit and Profit


Title: Re: Reasons to Invest in Bitcoin??
Post by: Tahsin Kabir Kollol on July 31, 2021, 07:16:12 AM
There are many reasons behind investing in Bitcoin. The main reason for this is that investing in Bitcoin is profitable and a lot of profit can be made by investing in it. On the other hand, investing in Bitcoin has become a significant means of preserving and enhancing acquired wealth.
Bitcoin is also a very profitable medium for long-term investments. A comparative analysis of bitcoin and gold over the years shows that the growth rate of bitcoin is much higher than that of gold, which is slowly encouraging the general public to invest in bitcoin. For all these reasons, people are deciding to invest in Bitcoin.


Title: Re: Reasons to Invest in Bitcoin??
Post by: decodx on July 31, 2021, 10:04:17 AM
Investing in bitcoin makes huge profits.  In 2020 bitcoin price is only 5000$ now bitcoin price is 40000$.  If we invested last year, we already got 8x profit.  Then many large companies have bought bitcoin for investment, in the future more and more companies will believe and invest in bitcoin.  That's why we have to buy now, before the price skyrockets again.

Yes, Bitcoin has reached the $40,000 mark this month. Although it's hard to estimate the exact price, one can expect the value of the Bitcoin to shoot up rapidly.

I'll start off with the most obvious reason to invest in Bitcoin: it is actually a better investment than traditional assets like stocks, bonds, gold or even real estate. The most fundamental reason is that the value of Bitcoin has grown exponentially over the past several years and that the value of other traditional assets have steadily declined, when looking at inflation-adjusted performance.


Title: Re: Reasons to Invest in Bitcoin??
Post by: haasanjui on July 31, 2021, 10:40:29 AM
Investment in Bitcoin is safe and secure you can earn money by make it on trading. It has limit supply and high demand. Its reason to buy and trade Bitcoin. And it is best asset in crypto we can buy sale and exchange easily.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Rakeshten on July 31, 2021, 10:56:09 AM
As we all know the BTC is at the top of the crypto market and Many companies are now using it as a payment source and It is continuously increasing. So invest in BTC will be a good decision. And the main reason is that it is the most demanded cryptocurrency of the crypto market It has dominance on all altcoins.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Smokie2 on July 31, 2021, 11:04:34 AM
There are so many reasons to invest in Bitcoin. Main reason is that It is profitable and no loss in it.   And we can earn profit by trading bitcoin.Because it is easy to buy sell and exchange in crypto market. And it is valuable Coin in Crypto field.


Title: Re: Reasons to Invest in Bitcoin??
Post by: hammad098 on July 31, 2021, 11:18:08 AM
All these companies were considered first to market and are all vastly superior and trusted names in their spaces. Bitcoin Is Trustable digit Currency. Can any one of you imagine any of those going away? In the cryptocurrency industry where there still is not a lot of trust, Bitcoin stands out as the de facto cryptocurrency  When you you think of or mention crypto, most people think of Bitcoin have staying power and act as a store of value. Thousands of cryptocurrencies have come out since Bitcoin emerged, yet Bitcoin truly is far and away the market leader even 12 years later.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Obito on July 31, 2021, 11:34:53 AM
~snip
The volatile word is a double-edged sword, but with a proper plan like the usual being discussed in here, I don't think volatility will screw you ever.
Some just are more from making bad financial decision like loaning to invest, committing their whole assets just to invest in here risking their needs.
I agree that it's a double edged sword, and that depending on how you use it, the volatility will help you make a profit or big losses. Don't think that volatility won't screw you over, it makes you let your guard down which ends up with you having making lackadaisical decision which leads to big losses.


Title: Re: Reasons to Invest in Bitcoin??
Post by: rodskee on July 31, 2021, 11:54:33 AM
~snip
The volatile word is a double-edged sword, but with a proper plan like the usual being discussed in here, I don't think volatility will screw you ever.
Some just are more from making bad financial decision like loaning to invest, committing their whole assets just to invest in here risking their needs.
I agree that it's a double edged sword, and that depending on how you use it, the volatility will help you make a profit or big losses. Don't think that volatility won't screw you over, it makes you let your guard down which ends up with you having making lackadaisical decision which leads to big losses.
Volatility makes this market moves, and this proves how healthy the community and the market as well.

we must not consider this as a profiting material also consider this as biting shark that will grab you once there is a chance .

make this investment a full focus and not just a single sided area.

There are so many reasons to invest in Bitcoin. Main reason is that It is profitable and no loss in it.
Wrong. |No loss if you can risk and wait for years but what if at one moment you badly needed the funds and the price of bitcoin is bearing?

Quote
   And we can earn profit by trading bitcoin.Because it is easy to buy sell and exchange in crypto market. And it is valuable Coin in Crypto field.
Easy to buy and sell? at least do you understand those statements right?


Title: Re: Reasons to Invest in Bitcoin??
Post by: chanler on July 31, 2021, 12:08:31 PM
For me the main reason why I choose btc investment over other investments is because I am interested in this volatile crypto market, and it will be profitable if I can store it well. Moreover it is true that we can have complete control over our assets. So the results that will be obtained depend on how we manage it. Btc is also currently recognized and accepted by many countries, so that's good, we can freely invest in it without fear of bans. Therefore, while btc is still acceptable and the prospects are still good, then we must also be able to use and manage it well so that we also get the desired results.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Obito on July 31, 2021, 12:11:58 PM
~snip
Volatility makes this market moves, and this proves how healthy the community and the market as well.

we must not consider this as a profiting material also consider this as biting shark that will grab you once there is a chance .

make this investment a full focus and not just a single sided area.
That's your perspective but for me, I see volatility on more than two sides so I can see the differing angles because understanding each is a helpful tool. Also, if you know how volatility can be used to your advantage you will be able call it as a profiting material no matter how the volatility moves the market.


Title: Re: Reasons to Invest in Bitcoin??
Post by: pinggoki on July 31, 2021, 11:38:34 PM
There is still some risk of devaluation but since it is not tied to the dollar that is susceptible to hyperinflation, not to mention the fact that bitcoins and cryptocurrencies with limited supply aren't subject to inflation, we only feel this devaluations when the price of bitcoin dumps. All of the things you just mentioned are indeed sound reasons to invest in bitcoin, but before anyone who isn't aware of what bitcoin really is about misconstrue this venture as a get-rich-quick scheme, there should be a clear distinction on the negatives of bitcoin investing as well, just to level the playing field and ensure that everyone who would invest in this coin will have no regrets and be surprised per se.
For me the main reason why I choose btc investment over other investments is because I am interested in this volatile crypto market, and it will be profitable if I can store it well. Moreover it is true that we can have complete control over our assets. So the results that will be obtained depend on how we manage it. Btc is also currently recognized and accepted by many countries, so that's good, we can freely invest in it without fear of bans. Therefore, while btc is still acceptable and the prospects are still good, then we must also be able to use and manage it well so that we also get the desired results.
Volatility indeed works well both ways. Although of course this works best if you are shorting an asset. Bitcoin holders on the other hand aren't really a fan of the volatility that bitcoin has to offer since it makes investing really risky and sometimes dangerous especially if they are investing something they cannot afford to lose which they shouldn't anyway in the first place.


Title: Re: Reasons to Invest in Bitcoin??
Post by: boyptc on July 31, 2021, 11:39:19 PM
Of course, everyone will choose to invest for the future and invest in the future, but if we think that investing in bitcoin is a fairly open and very transparent business for us to do, especially for us beginners who really want to get into the crypto business in order to earn money. a little profit for our future.because a bright future is people who keep investing in their youth
We're recommending the newbies to start and invest only with bitcoin.

But there's now a trend that many newbies don't go immediately to invest in bitcoin but they're choosing some altcoins that has been told to them.

Anyway, they've got to learn it the hard way if they don't listen.

Indeed, newbies who start investing in the crypto world should choose Bitcoin, which is proven to be safe and reliable. People who do not have
the knowledge and experience there is still a chance to profit from Bitcoin, most importantly they can patiently wait for the target they set is
achieved. But the fact is that newbies prefer altcoins which are promoted more by influencers, newbies don't realize that influencers who promote
altcoins are usually only able to generate profit for personal gain. Finally, many newbies experience losing money when they first invest in
the crypto world, because they started with the wrong coins.
Those newbies that have followed the wrong influencers, they're pushed and encourage to buy those altcoins because they just listen to them without realizing that they're being told to buy the wrong coins.

It's too bad to see that when a newbies get to complain that he has lost money with the same story again. It didn't only happened once, but not only in the forum but also in other social media platforms, you'll see those misled folks by those influencers.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Wawa2013 on August 01, 2021, 11:24:15 PM
Indeed, newbies who start investing in the crypto world should choose Bitcoin, which is proven to be safe and reliable. People who do not have
the knowledge and experience there is still a chance to profit from Bitcoin, most importantly they can patiently wait for the target they set is
achieved. But the fact is that newbies prefer altcoins which are promoted more by influencers, newbies don't realize that influencers who promote
altcoins are usually only able to generate profit for personal gain. Finally, many newbies experience losing money when they first invest in
the crypto world, because they started with the wrong coins.
Those newbies that have followed the wrong influencers, they're pushed and encourage to buy those altcoins because they just listen to them without realizing that they're being told to buy the wrong coins.

It's too bad to see that when a newbies get to complain that he has lost money with the same story again. It didn't only happened once, but not only in the forum but also in other social media platforms, you'll see those misled folks by those influencers.

In the end what irritates me with the newbie's behavior is that they blame crypto as a whole for their losses. That's why I always educate my friends
and family when they get interested in crypto, that they should not rush to invest large sums. Start with small capital and always start investing
with Bitcoin first, I explained to them that Bitcoin is the most popular coin and has a fairly high demand in the market. If they have managed to make
a profit from Bitcoin, after that they can start investing in altcoins, but it also has to be able to do research and analysis on its own. In order not
to be wrong in choosing coins for investment.


Title: Re: Reasons to Invest in Bitcoin??
Post by: carrigan on August 01, 2021, 11:38:15 PM
I invest in Bitcoin, simply because it is the number 1 coin in cryptocurrency. I think the status of Bitcoin as the king is enough as a reason to invest in it. In my opinion, only Bitcoin has the strongest power to survive well and have the potential to always grow its price in the future. Altcoins can lose their popularity easily because of bad issues, but Bitcoin won't be affected at all. There are too many bad issues since many years ago, but it cannot ruin Bitcoin popularity.



Title: Re: Reasons to Invest in Bitcoin??
Post by: SacriFries11 on August 02, 2021, 01:29:42 PM
It is a long term store of value. You can also make profit and it has high potential. It is also an extra income and savings in the future. It can be used in online transactions such as remittance and payments. It is fast, efficient and reliable. Bitcoin's acceptance is already spreading and it is the most popular and early Cryptocurrency.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Abiky on August 02, 2021, 01:45:38 PM
We're recommending the newbies to start and invest only with bitcoin.

But there's now a trend that many newbies don't go immediately to invest in bitcoin but they're choosing some altcoins that has been told to them.

Anyway, they've got to learn it the hard way if they don't listen.

Bitcoin is the safest way to get into the world of crypto/Blockchain tech. But most newbies are only looking to make quick buck, so they join the hype by choosing a cryptocurrency that's the "flow" of the moment. It doesn't matter which cryptocurrency it is as long as they see it going up in price at a fast pace. Remember how many people got into Dogecoin when it went all the way to the moon? The public invests into crypto because of the hype instead of its fundamentals. It's a wrong decision that will cost people millions of dollars in the long run.

The smart money will invest into Bitcoin because it's sound money, outside the scope of governments and central banks alike. The fact that Bitcoin is the most secure and decentralized cryptocurrency in the world should be a strong argument for investors to join it in the first place. Bitcoin keeps going up in price too, so what better way to put some of your money into Bitcoin for long-term wealth preservation? Just my opinion :)


Title: Re: Reasons to Invest in Bitcoin??
Post by: suryana on August 02, 2021, 02:05:08 PM
For me the main reason why I choose btc investment over other investments is because I am interested in this volatile crypto market, and it will be profitable if I can store it well. Moreover it is true that we can have complete control over our assets. So the results that will be obtained depend on how we manage it. Btc is also currently recognized and accepted by many countries, so that's good, we can freely invest in it without fear of bans. Therefore, while btc is still acceptable and the prospects are still good, then we must also be able to use and manage it well so that we also get the desired results.
Investing in bitcoin does have to be good at managing finances well. Of course, we must have a mature plan and a strong foundation. Always analyze the market and the coins we will invest in.
I'm sure a lot of people have bitcoin success because of this apart from their self-control. Bitcoin gives more advantages than other stocks if we are good at managing it.


Title: Re: Reasons to Invest in Bitcoin??
Post by: azmirihaque on August 02, 2021, 02:15:38 PM
I am agree with you that a Bitcoin holder is out of control of the government or any bank and it also can be sent anywhere you can. But the most important benefit of holding bitcoin is to make profit. Bitcoin is the best investment field in the crypto world and I think most of the people choose bitcoin to invest for making profit. But there has a concerning issue that its price fluctuates. So you have to gather proper knowledge on it. Otherwise you may loss your fund. The popularity of Bitcoin is increasing continuously. its price is also going up gradually. It is expected to increase its price highly in the near future. I always like to invest on Bitcoin and hold it for future. I think, it will be my best security.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Woodie on August 02, 2021, 02:23:31 PM
There are so many reasons to invest in Bitcoin. Main reason is that It is profitable and no loss in it. 
Losses do exist in crypto, imagine getting a loan against your house and you are hoping for price to remain bullish and you bought the coins when it was at $60000 by now you would be feeling the pressure as price isnt moving in your direction as it's over 30% down. If this carries on long term you would be making a loss.

 And we can earn profit by trading bitcoin.Because it is easy to buy sell and exchange in crypto market. And it is valuable Coin in Crypto field.
Buying and selling as a hodler is easy but to realize profits this takes time.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Karartma1 on August 12, 2021, 09:46:25 AM
I give you these three simple reasons:
1 - Full control over your wealth (if you are paranoid enough you can have the toughest deep cold storage system and make bitcoin inaccessible even for yourself ;D). Jokes aside this is my first reason to have bitcoin, to be able to control my own wealth
2 - 24/7 operating transacting system that works without troubles since 12 years. I can transfer my money without asking for permission to anyone
3 - Safe haven against central banks monetary policy, inflation, banking robberies, dictators and all the rest of it.


Title: Re: Reasons to Invest in Bitcoin??
Post by: nightxglow on August 12, 2021, 01:38:37 PM
Those are good reasons you stated, but it's not all I guess. Another factor that really really make people want to invest in bitcoin is because its value and price. We have heard many people getting rich because of bitcoin, and don't tell me that I'm wrong but I'm pretty sure a lot of new investors came to this cryptocurrency world because they want to experience the same thing. Because they've heard that many people get rich from bitcoin, and that bitcoin is such a good investment. People want that profit as well, and bitcoin sure is such a great investment choice, so why not?


Title: Re: Reasons to Invest in Bitcoin??
Post by: roosbit on August 12, 2021, 06:06:25 PM
There is more than reason why anyone would want to invest in bitcoin but of one the most obvious is investment as it's digital gold which has the potential to grow in value with demand.
I should think others are investing in bitcoin because of the fear of missing out as it's heavily talked about everywhere you go especially if you hang around online forums.
Another not so obvious reason would be to try out the new technology of bitcoin.


Title: Re: Reasons to Invest in Bitcoin??
Post by: dunfida on August 12, 2021, 06:59:37 PM
There is more than reason why anyone would want to invest in bitcoin but of one the most obvious is investment as it's digital gold which has the potential to grow in value with demand.
I should think others are investing in bitcoin because of the fear of missing out as it's heavily talked about everywhere you go especially if you hang around online forums.
Another not so obvious reason would be to try out the new technology of bitcoin.
We do have those common impression but we should always remember that invest on the amount that you could only afford to lose.We dont know on what would happen next in the market neither bitcoin would retain

its spot or would be replaced by something new.Basing off with the tech then its undeniable that it is already bit off compared to other projects.

Its always up to someones choice though on which one they would particularly put their money on since we do have different reasoning into your mind which we should respect out.


Title: Re: Reasons to Invest in Bitcoin??
Post by: bL4nkcode on August 12, 2021, 07:22:01 PM
Bitcoin now can be used for long term investment
Actually and obviously people already invests bitcoin for all over the years since it got its first price value not only just now or few years ago.

Investing bitcoin is one of the best choices made of all of financially literate as there are so many advantages (almost all mentioned already above) against the disadvantages of it in terms of long-term investment.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Fortify on August 12, 2021, 07:30:17 PM
First I want to say that I have some Bitcoin and I want to see it go to the moon. But I have some questions regarding the reasons that people give as to why Bitcoin is a good investment.  :-*

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?

Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.


Please correct me if I am misinformed.  :o

Honestly, Bitcoin is probably one of the last additions that anyone should be making to their diversified portfolio of assets. Firstly you should be trying to save up cash in a low risk manner, use that to buy a property that you can live in, then start to put some money into a low cost global stock market fund, once you have gotten to that point it might be sensible to look at other investments like precious metals or cryptocurrencies. While Bitcoin is the first mover and most well known, that popularity might be a bit of a curse in the long run as it's functionality as a currency is being undermined. Maybe look at a wide range of other cryptocurrency and spread it between 2 or 3 different ones for maximum uplift.


Title: Re: Reasons to Invest in Bitcoin??
Post by: Rruchi man on August 12, 2021, 10:23:06 PM

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

As much as the price of bitcoin can drop in with a single with it has also soared as well several times in the past. For instance, the price of Bitcoin skyrocketed from around $32,000 to nearly $38,000 in January 29, 2021 because of a tweet from Mr Musk. This is just one of those few examples.

My two reasons for investing in bitcoin is that I believe that someday it’s going to be a widely accepted legal tender and then price will get to the moon. In addition, I don’t want to live with the regret of not buy any bitcoin before it becomes mainstream.


Title: Re: Reasons to Invest in Bitcoin??
Post by: hazenyc on August 12, 2021, 11:26:31 PM

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

As much as the price of bitcoin can drop in with a single with it has also soared as well several times in the past. For instance, the price of Bitcoin skyrocketed from around $32,000 to nearly $38,000 in January 29, 2021 because of a tweet from Mr Musk. This is just one of those few examples.

My two reasons for investing in bitcoin is that I believe that someday it’s going to be a widely accepted legal tender and then price will get to the moon. In addition, I don’t want to live with the regret of not buy any bitcoin before it becomes mainstream.

I like the last point you mentioned, the regret issue! ;D Really, even if there is sometimes a bit of doubt that all pans out and Bitcoin could be replaced by another new technology, that is just how technology works, I would still be mad at me if I didn't try. I believe in Bitcoin and letting doubts take control over your own belief and passion is very regrettably. If it turns out I was wrong, fine, it was worth the ride! :)

I strongly believe that we are still in the early ages of Bitcoin and we all made the right decision to get involved as early as we possibly could.