My thought outline on wether to invest in bitcoin.

[grabpopcorn536]

I think you are on the right idea here mate. in my opinion you should invest in alts and use bitcoin as a store value for the returns of those investments.

It is challenging to get profit in the market, but it is easier if there are specific plans for investing. At present, in my country, more than 20% of people know and participate in Bitcoin, but there are Lots of people are unlucky and take back the risks.

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[bug.lady]

Well this is one point I don't agree with. Bitcoin core value is (as per Satoshi's White Paper) being a peer-to-peer electronic cash system and this core value has been proven many times over and again not to work as intended. True, workarounds (Ligthning Network) has been proposed, but still the bitcoin's core value has been devalued.

Don't really agree with that. First the fees are better again, since segwit finally start getting some adoption. Exchanges, that are still responsible for the majority of bitcoin transactions, are also being more careful the way they make the transactions (batching them for example) and this is having a great impact in BTC fees and speed.

This is not enough of course, and for that reason we have the LN that should fix this. Is not ready yet, but it's "close" (hopefully should be ready this year, since we keep seeing more and more LN nodes and channels on the main net).

The workarounds are needed, for scalability and I think off chain solutions are much better than the ones being pursuit by other coins, since those will result in a very centralized coin, and that was not the original objective behind bitcoin.

You are partly right. The fees are back ok, but just wait until more bitcoin is being transacted (i.e. just wait for the next significant price increase) and they will be unreasonable again. And unfortunately the same fee increase would happen if the major adoption for cash were the case. The fees are low, because hardly anybody buys his morning coffee for bitcoin.

As to offchain solutions (LN), there is talk and strong argumentation that it will be centralized too. I don't know. Only time will tell.

[1Referee]

As to offchain solutions (LN), there is talk and strong argumentation that it will be centralized too. I don't know. Only time will tell.

In a certain way, everything can be seen as centralized, even on-chain transactions. At the end of the day, you still need miners to include your transaction in their blocks, where if they want, they can just ignore transactions from certain addresses/services they don't like. I am even inclined to think that this has already happened by various rogue miners, just to troll Bitcoin and make it look incompetent. In the same way, that goes up for the fees the users end up paying. If miners want, they can just initiate a massive spam attack artificially increasing their fee income significantly. Great thing about second layer applications, is that they provide optional features, and thus you aren't forced to use them if you don't want. I like that bit of freedom.

[Yarsk]

You are very correct with your analysis and also well equipped with the knowledge of bitcoin volatility and decentralization which make it very hard to be control by either government or any financial institution.

[Ocakypa]

What is it BTC?

It's cryptocurrency

[Ocakypa]

At what price did you invested to the BTC?

At 5k$

[andreevaviktoriy77]

I would have better invested in bitcoin because right now is a very good start to the growth of bitcoin and so it's impossible not to agree with the fact that it's better to just sell when growth is on the verge.

[Ocakypa]

At what price did you invested to the BTC?

At 5k$

[Ocakypa]

At what price did you invested to the BTC?

At 5k$

It's a secret

[Sumo]

The author of this topic is not quite correctly understands the meaning of the existence of bitcoins and other digital currencies. No one will regulate this market very much, because it is not profitable. Cryptocurrencies are a gold mine for large investors.

[roadsirm]

investment is the best choice especially if we do in a long period of time will definitely provide a considerable advantage.

[Victor$]

I would have better invested in bitcoin because right now is a very good start to the growth of bitcoin and so it's impossible not to agree with the fact that it's better to just sell when growth is on the verge.

Yeah right now price of bitcoin is very good to invest in bitcoin right now because it is on the way to go high but it Is not very high, if you will buy some bitcoin today and you will hold it to sell at the time of high price then you will be in profit without doing anything, now in market bitcoin is at increasing demand but it is not available as much bitcoin people need so buy right now it is good chance, holding will make you good at bitcoin earning gradually and you will feel the price difference soon.

[cupic]

I believe in increasing the value of bitcoin in the future. I have seen the market in recent years have something in common and I have a hunch that there is a price surge coming up. For the years 2014-2015-2016-2017, bitcoin and altcoin prices increased from April to June.