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Author Topic: Three reasons to invest in Bitcoin  (Read 7554 times)
Don Pedro Dinero
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October 06, 2017, 07:07:53 PM
 #241

I think another reason to invest in bitcoin is the power of the brand. This is more of a reason to invest in bitcoin versus other cryptos.

Google was not the first search engine but, at some point, it became the number one in the world and some people say that that could happen to bitcoin. I think it is unlikely that will happen because it is open-source and whatever advantages other coins might have can be implemented into bitcoin. It can lose some market due to competitors but action can be taken and bitcoin has the most powerful brand, like Coca-Cola.

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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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October 06, 2017, 07:24:37 PM
 #242

You don't need to explain anyone why to invest in btc when the price was low people were trying to find more and more reasons so that the price could be increased now daily millions are purchasing so even if someone invest a thousand dollars it won't effect the price at all.
All you have to do is to make them realise their mistake by updating them whenever the price increases.
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October 06, 2017, 09:40:35 PM
 #243

Bitcoin is #1 in every important aspect. It is sort of obvious that no matter how high the price is, it is and always will be a great investment. And yet it's just too hard to overcome thoughts that btc was worth a couple of dollars and then when it was worth hundreds, the price already seemed to high to consider in as an investment. My father lives in a poor country and has a $300 salary per month (which is an average salary here). He doesn't invest into altcoins. He earns some btc and spends it but he has 1 btc he just stores for better times. Once it was just $800 but it's already $4k. I realize it's a promising coin and the price might even go up and up again but it's just too hard for me to consider investing it such an expensive coin when there are so many cheap and improved ones.
Then the decision is very easy invest in the cheap altcoins if you do a good job it is not going to be difficult for you in the future to afford bitcoin when your investment gives profits to you, so in a way you are going to be buying bitcoin with a discount thanks to your profits.

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October 06, 2017, 09:46:37 PM
 #244

You don't need to explain anyone why to invest in btc when the price was low people were trying to find more and more reasons so that the price could be increased now daily millions are purchasing so even if someone invest a thousand dollars it won't effect the price at all.
All you have to do is to make them realise their mistake by updating them whenever the price increases.
Bitcoin is still risky investment for some people, we should not blame them, the bad accedents that affected Bitcoin like the collapse of Mt.Gox caused this situation, although Bitcoin is stronger now, but not all people think the same way.
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October 07, 2017, 12:48:17 AM
 #245

1. Gaining credibility and is very trusted because it is safe and secure.
2. Helping me in financial stability and is very helpful on me in everyday life.
3. I am very interested towards the ability of bitcoin to grow each and every day.

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October 08, 2017, 09:39:10 PM
 #246

I think another reason to invest in bitcoin is the power of the brand. This is more of a reason to invest in bitcoin versus other cryptos.

Google was not the first search engine but, at some point, it became the number one in the world and some people say that that could happen to bitcoin. I think it is unlikely that will happen because it is open-source and whatever advantages other coins might have can be implemented into bitcoin. It can lose some market due to competitors but action can be taken and bitcoin has the most powerful brand, like Coca-Cola.

Google became the number one search engine because it was the one that was the best, I remember using other search engines and you were not able to find what you were looking for but with Google you found what you wanted very easily, Google became the giant it is today because it is still the best search engine and if bitcoin keeps being the number one coin then it is going to become a giant in the future as well.

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October 14, 2017, 10:52:58 PM
 #247

I think another reason to invest in bitcoin is the power of the brand. This is more of a reason to invest in bitcoin versus other cryptos.

Google was not the first search engine but, at some point, it became the number one in the world and some people say that that could happen to bitcoin. I think it is unlikely that will happen because it is open-source and whatever advantages other coins might have can be implemented into bitcoin. It can lose some market due to competitors but action can be taken and bitcoin has the most powerful brand, like Coca-Cola.

This is correct, if you were to ask around for the name of a coin to random people in the street that know nothing about crypto, I will say that most will not be able to name a coin, but for those that can, most of the time they are going to say bitcoin which show to us the advantage that bitcoin has over all the other altcoins in the world.
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October 15, 2017, 09:31:08 PM
 #248

1. Already proved market relevance and growth potential.
2. Wide adaptation - transactions, retail, etc.
3. Media spotlight - in the future buzz about BTC will only grow, same as its price.

Buy now and HODL Smiley
For someone who knows about the concept of bitcoin and digital currency, there is no need of giving any kind of reason to him. It is because of the reason that bitcoin is such a wonderful thing with so many advantages that investing in bitcoin as the most profitable thing. There is only one reason due to which I am investing in bitcoin and that the significant increase in market price of bitcoin, which results in huge amount of profit.
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October 15, 2017, 09:59:29 PM
 #249

There are not many basic reasons for me to invest in bitcoin as well, bicoin is very profitable for me in terms of investment or trade. and therefore I invest in bitcoin
With the bitcoin price fluctuations that are always the attraction for all traders and investors to always do business in bitcoin.
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October 15, 2017, 10:58:45 PM
 #250

There are many good feed back regarding bitcoins .there are also many bad feedbacks. I think despite of these negative feed back on bitcoin, many people still invest and continuosly buying bitcoin.
One , the price of bitcoin become higher as of this moment and expected to spike on the other months.
2nd. You can by clothes or goods using  bitcoin in some stores . It is more convenient because of cashless transaction process.. As long as you have phone and internet you can send payment thru your bitcoin wallet.
3rd. It offers big profit if you join to the bitcoin investments like mining and trading.
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October 15, 2017, 11:38:04 PM
 #251

I don't think bitcoins should just be seen as an investment like stocks or other assets. It should have been used the way satoshi designed it for. It was supposed to be a money that could replace those fiat in your pocket. This was supposed to be a way of paying for something and not really just for use to speculatively invest on. That's the problem with what bitcoins has become.
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October 16, 2017, 07:04:48 AM
 #252

Quote
1. It’s gaining mainstream credibility as industry players consider it as the new gold – Bitcoin has many of the same qualities of gold, whose value is not controlled by governments.

2. Many investors and finance industry experts are serious about the promise of Bitcoin – A large number of mainstream investors and entrepreneurs already consider Bitcoin and other cryptocurrencies as a legitimate asset class.

3. There is only a limited amount of Bitcoin – There are only 21 million Bitcoin tokens to be mined and no new tokens will appear until after 2140. This makes Bitcoin a deflationary currency whose value increases naturally with time.

Source here.


These are interesting big reasons why it is so wise to invest in Bitcoin. I am sure that many people are still doubting Bitcoin whether it can be a good investment vehicle or it is just another risky venture that can collapse anytime. Of course, we know better. So in case someone would be asking you this same question, you just have to enumerate the three big reasons above.

There are a lot of feedbacks regarding bitcoin. But it shouldn't be invested as if it's a stock from market. It is too risky and you will have to surrender the money you have left.

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October 16, 2017, 07:33:48 AM
 #253

You don't need to explain anyone why to invest in btc when the price was low people were trying to find more and more reasons so that the price could be increased now daily millions are purchasing so even if someone invest a thousand dollars it won't effect the price at all.
All you have to do is to make them realise their mistake by updating them whenever the price increases.

If you inverse in bitcoin once means,you will know the answer for this.If you inverse in one price means,for example (4100$).Now the price of bitcoin is 5600$.If you sell that brought bitcoin at the price of 4100$ means,you will get 1500$ profit for a bitcoin.If you brought 10 BTC means,you profit now is 15000$ is profit.This are the reason people keep on inverse in bitcoin as like in Trade Market.
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October 16, 2017, 09:06:26 AM
 #254

I'm probably saying obvious things, but ...
1. Bicon is becoming more and more popular every day.
2. This is the money of our future. And that is why it is the best investment you can make today. 3. Bitcoin's price  is growing every day and soon you will be able to receive huge profits.
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October 16, 2017, 09:11:21 AM
 #255

They have very interesting reasons, however, for me the three reasons to invest are simple. First, it is very easy and convenient to use. Second, there is security and assurance. Last is the fact that it's value keeps on increasing.

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October 16, 2017, 09:32:22 AM
 #256

They have very interesting reasons, however, for me the three reasons to invest are simple. First, it is very easy and convenient to use. Second, there is security and assurance. Last is the fact that it's value keeps on increasing.

I invested in bitcoin only for the third point because Bitcoin dynamic prices give more chances to earn money by trading.

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October 16, 2017, 09:36:16 AM
 #257

1) Higher ROI over time compared to other investing options

2) Safety first and holding private key is second to none.

3)Future payments will be more adopted than today.
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October 16, 2017, 10:09:32 AM
 #258

First of all, althrough it is a cryptocurrency but it is the most expensive one with 5600 US dollars, so investing in it will be really great.
The second thing is that Bitcoin is secured, even more that VISA card and MASTER card.
Also accessing to BitcoinTalk and reading some topics and replies you can have some answers to questions that you have in mind.
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October 16, 2017, 10:17:35 AM
 #259

I don't think bitcoins should just be seen as an investment like stocks or other assets. It should have been used the way satoshi designed it for. It was supposed to be a money that could replace those fiat in your pocket. This was supposed to be a way of paying for something and not really just for use to speculatively invest on. That's the problem with what bitcoins has become.

Yes, you are right. However, it was designed by the same satoshi that as demand increases, the value increases and mining difficulty also increases. He would have presumed something like this at a point, but he might not just have expected it to get this huge. However, it is understandable that as at this moment, demand is getting far more than supply due to the fact that asides being a currency, it can also be considered as a digital asset and there is absolutely nothing anyone can do about that.
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October 16, 2017, 07:00:29 PM
 #260

You don't need to explain anyone why to invest in btc when the price was low people were trying to find more and more reasons so that the price could be increased now daily millions are purchasing so even if someone invest a thousand dollars it won't effect the price at all.
All you have to do is to make them realise their mistake by updating them whenever the price increases.

If you inverse in bitcoin once means,you will know the answer for this.If you inverse in one price means,for example (4100$).Now the price of bitcoin is 5600$.If you sell that brought bitcoin at the price of 4100$ means,you will get 1500$ profit for a bitcoin.If you brought 10 BTC means,you profit now is 15000$ is profit.This are the reason people keep on inverse in bitcoin as like in Trade Market.
That is the point of pivot, much explained for the better understanding, best. You are not going to make losses in bitcoin business and this is the only thing that help people for just diving in this divine world of profits. Like you said, if $4600 costed bitcoin is sold at $5600 then what is better than it, and see the time period of this increase, only one week.

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