Reasons to be attracted to Bitcoin

[livingfree]

Again, if its value suddenly decreases, there is a possibility of loss.

In terms of the market, nobody gains when there's a sudden decrease thus, everyone losses. But not for those that haven't bought the dip, that's the opportunity that they're setting and waiting for.

So, that's the gain for the loss and the decrease of the market. It's always the other way and the balance on this market.

And one main reason why many are attracted to Bitcoin is because of its history and gains.

[kryptqnick]

Despairo is right that huge profit is out of the picture any more, unless someone is willing to wait for many years. Altcoins jump up and down all the time, and while it's very risky, one can invest in an altcoin and perhaps profit from it well above the potential profit from Bitcoin over the same time period.
Bitcoin is way more stable, more reliable. It's volatile, but also within some limits, and pretty stable for long periods of time. It's also #1 by market capitalization. I think people value that kind of reliability that altcoins don't have. Of course, there are stablecoins, but those aren't decentralized like Bitcoin is, and their value won't (isn't meant to) grow.

[Ale88]

Currently, there are more than 1000 cryptocurrencies in operation around the world. However, Bitcoin is the most popular in the exchange.Created by Satoshu Nakamoto, Bitcoin has a current market capitalization of several hundreds of billions of dollars.

 The main reason why most people are attracted to Eptocurrency is that it offers huge profits with low investment.Again, if its value suddenly decreases, there is a possibility of loss.

Besides the fact that it's Satoshi (and no Satoshu), the profits are just a small side of bitcoin because everyday there are shitcoins that can give you huge profits as well (of course probably they are scam and super manipulated but yet some people make big money out of them). Bitcoin is unique because it's completely decentralized, pretty much there is no way to stop it or control it somehow. If you want to send money using bitcoin you are free to do it, no one, including the government, can stop you. This is what really makes bitcoin different.

[Yatsan]

Currently, there are more than 1000 cryptocurrencies in operation around the world. However, Bitcoin is the most popular in the exchange.Created by Satoshu Nakamoto, Bitcoin has a current market capitalization of several hundreds of billions of dollars.

 The main reason why most people are attracted to Eptocurrency is that it offers huge profits with low investment.Again, if its value suddenly decreases, there is a possibility of loss.

Are you even sure of those statements? Huge profit with low investment? Really? Those are only possible with alts puming out of nowhere. We won't often see a huge market price movement with Bitcoin and other large cryptos simply because there market prices have established buyer and seller zone already. Unlike with some altcoins wherein ceilings and floors aren't yet established which is why price movements are abnormal which generates huge profit if you'd be able to pick the right one. To put it simply, price actions in BTC is slower than with smaller token prices in this industry.

[Blitzboy]

I agree with you. Bitcoin is the superstar of the cryptocurrency world, the LeBron James if you will. It has the necessary notoriety, background, and expertise to support itself financially. However, there is an entire league waiting for you. You can pay with any cryptocurrency you like, be it ETH, LTC, XRP, or DOGE. Who knows, maybe we're sitting on the next Giannis Antetokounmpo here.

Although the potential payoffs are high, you should be aware that the tables can be turned. There's a good danger your money will be lost if the market suddenly crashes. Dont put all your eggs in one basket and remember to DYOR

You know what, though? Belief is ultimately what drives people to purchase Bitcoin. They have faith in the inovation, in the decentralised system, and in the prospective benefits. Satoshi Nakamoto is the leader of this new religious movement

[Weawant]

I think a big reason to be attracted to Bitcoin is for diversification in your investments. Crypto is emerging as a new asset class and Bitcoin is widely considered the most fairly distributed and secure coin out there. Not to mention it has the first mover advantage. Every investor should have exposure to Bitcoin and even Ethereum.

Diversifying your investment isn't a enough reason to be interested in Bitcoin because you can always diversify your investment to others investment that doesn't have to do with cryptocurrency, you can be interested in cryptocurrency without been interested in buying Bitcoin.

It's only those that already has interested in Bitcoin and have done their research that knows all the good things you just said about Bitcoin, the new investors are just looking for where to invest to increase their money so they won't be looking at those things you just said.

They'll be looking at the profit they'll get when they invest and altcoins always give more profits that Bitcoin but are riskier too. One reason to be attracted to Bitcoin is because it's easy to invest into and gives you freedom over your investment but other cryptocurency don't.

[jeraldskie11]

The main reason why most people are attracted to Eptocurrency is that it offers huge profits with low investment.

I concur. Anyone who tells you that your money will be doubled or quadrupled will undoubtedly convince you to invest. There are numerous reasons why we should invest in bitcoin; it has the potential to change our lives. Other than that, If you safeguard the private key, you will be incredibly secure and will not lose your asset in your wallet. The wonderful thing about cryptocurrency, particularly Bitcoin, is that it guarantees profit if you have the patience to wait for the price to rise to a reasonable level.

[Mr.suevie]

The main reason why most people are attracted to Eptocurrency is that it offers huge profits with low investment.

I concur. Anyone who tells you that your money will be doubled or quadrupled will undoubtedly convince you to invest. There are numerous reasons why we should invest in bitcoin; it has the potential to change our lives. Other than that, If you safeguard the private key, you will be incredibly secure and will not lose your asset in your wallet. The wonderful thing about cryptocurrency, particularly Bitcoin, is that it guarantees profit if you have the patience to wait for the price to rise to a reasonable level.

Another important note is that Bitcoin guarantees you to be the actual bank of  your own because of its decentralized nature, you are free from any bank or central body actually holding the keys to your because you are the owner of the key and the owner of the coins, no one cuts your money for charges and maintainace fee like the wey the central and every other financial banks do.

[Fivestar4everMVP]

Currently, there are more than 1000 cryptocurrencies in operation around the world. However, Bitcoin is the most popular in the exchange.Created by Satoshu Nakamoto, Bitcoin has a current market capitalization of several hundreds of billions of dollars.

 The main reason why most people are attracted to Eptocurrency is that it offers huge profits with low investment.Again, if its value suddenly decreases, there is a possibility of loss.

Yeah, there are actually over 2500 cryptocurrencies, and bitcoin didn't just become the most popular because it was created by Satoshi Nakamoto, Bitcoin actually is the first cryptocurrency(well, maybe not entirely the first cryptocurrency per say), It is the first successful crypto currency, and as well the most decentralized and most trusted, over the years, Bitcoin has been able to establish itself and reached the height where majority have came to see it as a store of value rather than just a simple internet money it was created to be.

Investing in bitcoin is very profitable and also carries a very low risk of losing money when compared to its counterparts, in investing in bitcoin, you might have to wait a longer time to make significant profit(depending on the amount you invested though),but the risk of you losing your money is almost zero, if not actually zero.

[Promocodeudo]

Bitcoin offers many things that's why everyone is more attracted to it than other coins, Bitcoin is reliable, when it comes to cryptocurrency, bitcoin is seen as the most reliable both in the transaction and every other aspect, practically when bitcoin price dips it affects every other coin, that's to say that Bitcoin is the most pronounced and known cryptocurrency.

Bitcoin maintains a special identity and qualities that are channeled on the bedrock of decentralization, it stands for freedom for all.

Note, this digital asset is not a get-rich-quick asset, you have to be steadfast in holding, that is if you are conversant and knowledgeable to work with it, if not, learn it, and make it part of you before embarking on the journey fully.

[BitcoinPanther]

Currently, there are more than 1000 cryptocurrencies in operation around the world. However, Bitcoin is the most popular in the exchange.Created by Satoshu Nakamoto, Bitcoin has a current market capitalization of several hundreds of billions of dollars.

 The main reason why most people are attracted to Eptocurrency is that it offers huge profits with low investment.Again, if its value suddenly decreases, there is a possibility of loss.

People are attracted to Bitcoin for several reasons. The main reason for you to be attracted to Bitcoin may not be the main reason for me. Some of the reasons people are attracted to Bitcoin include
- Freedom from government and oppression
- Hedge against inflation
- Ease of doing international business (Cross order payment)
- Lower fees and lightning speed transactions
- Control of ones funds
- Generational wealth
- FOMO ...they do not want to miss out

It varies from person to person and country to country.

Among the list I think it is the control of ones funds, generational wealth, cross boarder transaction and hedge against inflation that I can agree with why people are attracted to Bitcoin.  Citizen will never have a freedom from the government oppression if they don't overthrow the government control over them.  Besides Bitcoin never give us that freedom because even Bitcoin is being oppressed by the government regulation restricting it of its full function.  The only freedom we can have in Bitcoin is moving or transferring fund since it does not require any financial institution to get processed.

In terms of lower fees, Bitcoin sometimes got crazy and its fee surge more than the traditional processing fee, though in terms of huge amount transfer, Bitcoin really has lower fees but only a few can do that  since majority of Bitcoin users only transact with miniscule amount.  In terms of transaction confirmation speed, there are other altcoin that is far superior than Bitcoin.