The dual purpose of bitcoin.

[uchegod-21]

Then as an asset for investment, when you invest your money in bitcoin, the value of your money increase as bitcoin increases, bitcoin is a store of value as some countries, organisations and individuals use bitcoin to diversify in their investment.

What is your take on this very discussion.

You are right on this. However, you should also add that same way the value of their investment increases as bitcoin's price increases, is thesame way the value of the investment will also reduce as the price of bitcoin declines. Every investor should be aware of this, especially newbie investors. A proper understanding of this about their investment will help them make healthy projections about Bitcoin and also shape their expectations of Bitcoin.

I have had an encounter with someone who said he wasted his time investing in bitcoin simply because he lost a huge amount of money during the bear season and couldn't wait for the value of bitcoin to rise again. This can be painful, but those who understand that volatility is a major part of bitcoin will know how to plan well against losses.

[Byebyebtc]

Bitcoin is an asset that is not controlled by any government or authority, and peer-to-peer transactions can occur without intermediaries. Also bitcoin has limited supply of just 21 million, which makes it scarce and with the introduction of more investors and buyers the value of the coin will increase over time, As an investor the best strategy to be involved in in investing in the coin is to buy at a dip and hold, as the value of the coin increase you money will increase as well over time. also know that new bitcoins are created trough mining, this is a process which specialized computers solve complex puzzles to verify and add new transactins to blockchain. and miners are rewarded with new bitcoins. bitcoin is a very productive coin it has proven productivity constantly in its past results and still has potentials for more productivity. So its advisable for investors to invest in bitcoin.

[john_egbert]

Then as an asset for investment, when you invest your money in bitcoin, the value of your money increase as bitcoin increases, bitcoin is a store of value as some countries, organisations and individuals use bitcoin to diversify in their investment.

What is your take on this very discussion.

You are right on this. However, you should also add that same way the value of their investment increases as bitcoin's price increases, is thesame way the value of the investment will also reduce as the price of bitcoin declines. Every investor should be aware of this, especially newbie investors. A proper understanding of this about their investment will help them make healthy projections about Bitcoin and also shape their expectations of Bitcoin.

I have had an encounter with someone who said he wasted his time investing in bitcoin simply because he lost a huge amount of money during the bear season and couldn't wait for the value of bitcoin to rise again. This can be painful, but those who understand that volatility is a major part of bitcoin will know how to plan well against losses.

Such a person didn't look at previous cycles then.

He needs to learn more and see that to see results, around 4-5 years are needed.. And you need to stay patient!