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Author Topic: The reason that keeps me from investing in bitcoin  (Read 15358 times)
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December 01, 2017, 11:11:53 AM
 #501

Apart of having a feeling of patriotism, that virtual currency are providing employment to millions, I have my personal reasons that keeps me investing into the bitcoin  is its continuously inflating valuation and with the surety that it would inflate in the future too. Moreover a decade later, these digital currency are the future of finance and banks would also starts issuing bitcoins and they would be centralized by the government too. These reasons are few of many and worth enough to encourage anyone to keep investing into bitcoin.

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December 01, 2017, 02:58:17 PM
 #502

The reason why I keep my investment from their company and management is the excellent service they provide to their customer.
They just not only a simple company whose main goal to earn profit but they know how to value each customer.
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December 04, 2017, 09:48:31 AM
 #503

Fees are only a problem atm. If your intent is to invest in Bitcoin and hold, then you won't have a problem, because the fees will come down once the network manages to scale. This is a recurring problem with cryptocurrencies, and will be solved once the currencies mature. But if you really don't want to invest in Bitcoin, try Ethereum instead. Not only is it faster, with lower fees, but it also has the potential to become a stronger currency than bitcoin, since it also functions as a network that you can build a decentralised application on.
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December 04, 2017, 10:15:46 AM
 #504

There are some reasons why i am keeping my self to continue to invest into bitcoins is that it is one of the easuest ways for me to earn money for living another thing is in investing to bitcoins it is a home based work or you cab easily bring your work outside it also helps me to know what are the new updates here in the bitcoin market.
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December 04, 2017, 10:25:54 AM
 #505

Bitcoin is actually more suited to be an investment rather than a day to day currency. I still suggest you to buy some and hold them instead of using them, and treat them as 'gold'.

If services like fast food restaurants decides to use Bitcoin as a payment method, maybe they can come out with a method that allows for no fees between accounts, but this is just a suggestion.

Existing methods including Bitcoinpay, but it still charges a fee of 0.8%, not completely free. Undecided

Yeah, right now I think bitcoin is more advisable to be used as a form of investment instead of a regular currency to buy daily needs such as food. In my opinion it is a waste to spend your bitcoin as soon as you got them, they would earn more and you would get the most of them by holding and waiting, then after selling it and earning your profit you can easily exchange it with a fair amount of fee to your regular cash.
Precisley, I think bitcoin has made for that purpose such as trading and investment. It will be a waste if you are just using it in daily expenses because bitcoin is too much high. Bitcoin will be worth if you will invest upon it and because time to time its price becomes more higher and higher.



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December 04, 2017, 10:49:52 AM
 #506

But bitcoin won't be the money you use to buy your sandwich with those fees!   Roll Eyes
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December 04, 2017, 10:57:31 AM
 #507

It will probably be more expensive in 1 or 2 years.

As for the big fees, I agree. They are too high right now.
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December 04, 2017, 11:47:36 AM
 #508

This is why I switched a bunch of m investments to ETH, when BTC crossed $8000. I'm still holding BTC, but I also see tremendous potential in ETH in terms of the DApp ecosystem that's in the works. Projects like nucleus.vision, Leverj, and Universa, are pretty exciting, but I'm not sure if I should be making investment in them right away. Maybe in a little while, though.
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December 04, 2017, 11:56:07 AM
 #509

Actually im not yet doing investing bitcoin because i have not yet enough coins for it but if time comes that i have it i invest because it is the best thing to do because bitcoin is always increasing not only today but i know i the ling run

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