For me, I think bitcoin become an investment because those who bought it before became rich now because the price keeps increasing. So many people now buy it also in hoping to get big profits from it. Thus, the say that bitcoin is like a gold in the internet.
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I think every investments have some degree of risks, though bitcoin is highly volatile in price but I think it all depends on the holder. Patience is all you need in btc and you will get high rewards or earnings.
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There is no denying of the usefulness of bitcoin and thailand see it also that bitcoin is very helpful to the economy and the people. Another country who open their minds to this big change in financial system, this is a very good news.
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I think the form of payments will change over time because our technology also advances and we have now bitcoin, our digital cash. But only time can tell when will that happen, where we can use bitcoin to pay hospital bills, to purchase our basic utilities to pay taxes in bitcoin. I look forward for it to happen in my country where I live.
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Yes of course, make sure that you are dealing with the legit platform exchanges so that you don't get victimized by scammers. That is why I am very glad that here in my country, our Central Bank focuses on regulating the virtual currency exchanges to protect us bitcoin users.
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For me, I think that the investors will invest whether they lose or gain is because they believe in bitcoin. They believe this is the big change in our financial system, that it is the future of money and as early as now, it is better to invest and the great rewards will be reap tomorrow.
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As a bitcoin believer, I think all we can do is spread the good news about the bitcoin in our own little way starting with our family, friends, neighbors and relatives. If we can convince even a few people they will also share it with their families, relatives and friends and so on. We will never know, in just a matter of time all people will believe and support bitcoin.
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I don't know if it's wrong to hodl bitcoin but that's only my strategy in this roller coaster investment. I am a bad trader and hodling bitcoin until I think I have a better reason to sell it.
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I agree to that, this price declines gives us an opportunity to buy lots of bitcoin that when the price will rise again, imagine the profit you will earn.
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Its hard to let people see and understand what I see in the crypto, that I think it is the biggest thing in the human history. Perhaps, the reasons that it is hard for them to believe it is crypto is still a little bit complicated, it is a complex to learn. And the worst is the fake news and the people who criticized it that makes other people doubt it.
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As far as I know, cryptocurrencies are decentralized so nobody can control it, even the government. It is an open source model where everybody in different parts of the world can join and invest in it. The price also is base on supply and demand, if the demand increase then the price also increase.
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For me, investing in bitcoin is like a psychological battle, it test your patience when the price goes down, discipline to control yourself from not making stupid decision and go panic selling. I am not a fortune teller, but I believe it will return to its former glory. Price dumping is just an opportunity to buy tons of bitcoin and hodl it.
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For me, showing videos about the bitcoin is the effective way to convey the good news of bitcoin to my family and friends. It is easy than talking about the technical terms, the cryptos, block chain they might not understand it. Also, sharing my experience about how bitcoin change my life could also spark their interest.
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Before joining the bitcoin investment, everybody must know the pros and cons, the risks and understand everything about it. Now the price is declining but that doesn't mean it is the end, bitcoin is the future of money. Just invest the amount you can afford to lose.
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Perhaps it can be true that some powerful people can manipulate the bitcoin price but I will always hold on to my precious crypto. I believe that it is the money of the future.
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Those who brand bitcoin as a biggest scam or fraud will regret it later because bitcoin is real and the technology behind it is powerful. It is the money of the future.
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If you stay five years away from bitcoin then definitely you will regret it big time and perhaps that time it will cost you your fortune just to buy 1 bitcoin.
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Everything can be learned, it takes time, patience and focus to know something. And we are now in digital age, we can teach the older generation to use the computers and internet. It's possible that they can also learn how to handle bitcoin business.
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If it is their own will to invest in crypto then why not? As long as they understand the risks and they are willing to invest long term, i would gladly welcome them to crypto business.
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I think it is because that it is hard to track the perpetrator hiding in the dark web, the transaction of bitcoin is anonymous so it is difficult to hunt them down. Bitcoin is the new digital cash and is famous now and most of bitcoin holders are not that tech savvy, they are easy to get victimized by the scammers.
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