Why I am buying bitcoins - and why I am keeping them.

[deus030518]

I am buying bitcoin because I want to used it for my trading and I keep some of them for my hodling because I know that in the future that the bitcoin will be having a good price and it will give you a big return of investment. The bitcoin is good for trading and good for hodling cause it has the highest volume and highest price of the coin in the market. No other altcoins can beat the value of the bitcoin that is why when the price of the bitcoin pump and dump it affect the price in the market.

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[batang_bitcoin]

Keeping those bitcoins for 10 years are more, will be a very good idea.

One of my plan as well is to keep 1 bitcoin for more than 10 years. This idea wasn't totally mine but I have read this suggestion from someone here in the forum.

It can be our retirement plan or it can also be passed to our children as we grow older.

We're heading to another halving 2 years from now and that can be another increasing trend for bitcoin, remember the effect that took after a couple of months.

[Sadlife]

Indeed people should consider buying bitcoin while they still can because the price is pretty much unpredictable imagine from nothing in 2009 and now it has reached $7000 with it's crazy volatility no one expect that bitcoin would come this far and be used by commerce and e-commerce globally and invested by institutional investors.

[Slow death]

Bitcoin can’t be “frozen”
If a business deal goes wrong, if someone sues me, if a future wife divorces me and says “I get everything”, if I am friends with a sanctioned political leader - because you survive by being on the side of those in power, - if, if, if, if....... so many things might go wrong.  I could wake up one morning, and find my bank accounts frozen, and my credit cards don’t work.   They can’t ever freeze my bitcoin.   The code is in my head.

But, the biggest problem will be if you die, imagine that you have 100 btc and you die, how your wife and children will be able to have access to those 100 btc? this is the great barrier that we can find in bitcoin. If on the one hand you give your private keys to your wife or children, you risk being robbed and if on the other hand you do not tell your wife or your children that you have 100 btc, then you can let your precious children and woman suffer in this cruel world.

What’s wrong with cash or gold bars?
The most obvious disadvantage with cash is that it is being de-valued all the time. It’s great to own for a year or two, but in the long run it’s going towards zero.   Secondly, they change the colour and design of the bank notes every few years.  You have a limited time to change old for new.  Then, if you are changing more than a small amount, you have to start answering questions and providing documents.   Lastly, you can’t cross the border with more than 10’000 dollars or euros in cash without filling in forms, which could lead to another line of questioning.

As for gold, it also is difficult to transport without customs declarations.  Gold bars or coins are not easily divisible into smaller sizes.

In my country it is forbidden to walk with $ 3000 in your pocket, you can be arrested if it is found with that amount of money and as for gold. well if the person walking with large bars of gold can also be arrested if you do not have documents. In that part bitcoin becomes more advantageous.

[doch]

The advantages of Bitcoin are very obvious, but it is now facing difficulties. Most investors only use Bitcoin to earn the difference, which is commercializing Bitcoin!

i think that the only advantage that the people want to get from bitcoin is to increase their assets. They know that bitcoin price has too much potential and it will surely increase in near future therefore they are trying to buy bitcoin in low price and then hold it for some time so that its price increase too much and then give them a very good profit.

[Ridwan Fauzi]

The advantages of Bitcoin are very obvious, but it is now facing difficulties. Most investors only use Bitcoin to earn the difference, which is commercializing Bitcoin!

i think that the only advantage that the people want to get from bitcoin is to increase their assets. They know that bitcoin price has too much potential and it will surely increase in near future therefore they are trying to buy bitcoin in low price and then hold it for some time so that its price increase too much and then give them a very good profit.

If you look at this year, it's very far from what you say. Bitcoin dropped dramatically starting last January and until now is still strong to decline. Look like this year will be different from the previous year, like 2017. And 2018 too many regulations that reject bitcoin, and too much an exchange or our wallet that is vulnerable to hackers which is one of the special factors that must be fixed by the developers. I'm not sure yet, newcomers will truly believe in bitcoin or cryptocurrency in its entirety again.

[FreeOxen]

Trickyt57 if I could give merit to you I would (sadily I cannot !)
You do bring up some valid points around all of this - however sometimes there are laws in place that might still come after your digital assets though.
There is always still the risk of hackers and advances in technology. I guess in terms of estates and wills - that is something one would have to look at too...
Also regardless the Bitcoin is risky and I think it will remain that way it seems.

[tbterryboy]

The advantages of Bitcoin are pretty much talked about and acknowledged. However, investing in Bitcoin is risky. You can lose all the money in your wallet by hackers, keep your password and key safe

All those investors who are buying the bitcoins are only doing it because of the reason that they exactly know the worth of the bitcoin and the way this crypto coin can give them a chance of living a life they dream for. Moreover, holding of the bitcoins gives you a guarantee that you will be making more money as the market value of bitcoins goes up most of the time.

[Bdstar]

It's a natural desire when you want to invest and saving for. I think If you want to make a profit within a short time period then you can choose the blockchain system for this purpose. on the other hand, If you want to make a profit for a long time period then you can depend on the Bitcoin saving, I may assure you that you will get a handsome amount in the future for sure.

[Rajamuda]

It's a natural desire when you want to invest and saving for. I think If you want to make a profit within a short time period then you can choose the blockchain system for this purpose. on the other hand, If you want to make a profit for a long time period then you can depend on the Bitcoin saving, I may assure you that you will get a handsome amount in the future for sure.

And don't forget that high trust here is really necessary so that we don't feel hesitant to hold it or stay on what we are trying to do with bitcoin. Whatever the purpose is certainly beneficial if we succeed in understanding everything related to it to everything that can affect it till on its strengths too.

[nniecan001]

Bitcoin can’t be “frozen”
If a business deal goes wrong, if someone sues me, if a future wife divorces me and says “I get everything”, if I am friends with a sanctioned political leader - because you survive by being on the side of those in power, - if, if, if, if....... so many things might go wrong.  I could wake up one morning, and find my bank accounts frozen, and my credit cards don’t work.   They can’t ever freeze my bitcoin.   The code is in my head.

I love that one, specially if no one knows about how many bitcoin or altcoins that you've had already. This will be the back-up plan on your life and possible can named as "the comeback" of course. That will be a great solution when disaster come. But hopefully, you divide or separate them to avoid a full loss from scamming or hacking. Well posted folks!

[checkmatesir]

I am also a bitcoin buyer from the day when bitcoin is available in some online store that I looked up. Many of us buy bitcoin, We know that it can be the future of currency which likely to happen right now because many investors around the world are using it right now. And in some country, it is their alternative currency.

Very few people may be buying bitcoin to use it for different purposes, but I think that most of the people have only one reason to buy bitcoin and that is that they are confident that bitcoin investment will give them a good profit. Those people who have bought bitcoin few years before now they have made a good profit from it.

[hahay]

Exclusivity
Firstly, there will never be more than 21 million bitcoins.   There are more millionaires than that.   I like to own something that not every millionaire will be able to own.  It’s exclusivity.   I own something that has a limited supply, so not everyone can own one, but I’ve got lots of them.

The supply of bitcoin is indeed limited, but will you still be sure if anyone will say "after bitcoin has been mined then it will only be garbage?" to trade bitcoin we have to use fees, while the fees will be received by the miners, after the miners have run out of what they mine, can this transaction still work? What if it happens in the future? But with a variety of reasons I also hold it because in the future I also believe that bitcoin will be very valuable as an asset of classic goods.

[iMark]

I am also a bitcoin buyer from the day when bitcoin is available in some online store that I looked up. Many of us buy bitcoin, We know that it can be the future of currency which likely to happen right now because many investors around the world are using it right now. And in some country, it is their alternative currency.

Op teaches us how valuable bitcoin is in the future, he is very confident in the high prices in the future with the growth and spread of bitcoin that continues to occur but the total supply of bitcoin which remains only 21 million, will make bitcoin prices exorbitant in the future, thats why I keep them also

[xiaoY]

In fact, you don't need too much validation to explain that Bitcoin is worth investing. You only need to carefully observe the market for three days. You will find that only Bitcoin can guarantee a steady rise or fall.

[el kaka22]

You’re very wrong by saying that cash is being devalued at all times, that’s totally wrong cause there are different currencies; we have dollar, pounds, euro, yen and a lot of them, and they all can’t be the same value at the same time, there will always be difference in value. So if you want you can make use of a high valued currency in storing your wealth. I am not going to discourage you from using Bitcoin as a way of storage, it’s a matter of choice, so I’m not going to change your mind.

Still I love the reasons you have mentioned why you are buying and saving bitcoins. I guess many people might have enlightened by your reasons. I am believing into only bitcoins even I do hear about lots of other coins performances. In other words if bitcoin will be having higher value then those altcoins also will have better value hence bitcoin must be the core reason and saving it will never let us go down.

[crzy]

Bitcoin and crytocurrency in general is an industrial revolution of our time , and it is also a store of value and a way of sending and receiving without minding country financial laws , it is a the best thing that has happened to the financial sector in a very long time, I am buying BTc to store value and for trading. And I would advise people to buy too.

Since bitcoin keeps on growing I also believe that buying more bitcoin will helps you to become more successful in the future. This market dumps many times and yet many investors are still coming because they know that bitcoin will be last forever so they try to hold more btc and become a winner in the bull market.

[ModGirl]

Buying Bitcoin to fit into the new world only uses electronic cash instead of cash, keeping Bitcoin as the value of Bitcoin also depends on its quantity.

Of course it is technological era and all of us are trying to buy more bitcoin to hold, holding is the only way to have better profit and make our future so I support you in this matter, if I will hold my coin so I will be able to get more than this for selling later on, price changes if today you will buy on 1k dollar tomorrow the price will be almost 4k dollar so this is the philosophy of bitcoin investment.

[mornabo]

I think you have to know your self the purpose and why you buy bitcoin, don't just follow the trend and don't know what you are going to face, you have to ask yourself dude, why do you have to invest in bitcoin, because that is what will be the foundation for you to  believe to hold bitcoin for a long time

[ModGirl]

bitcoin is relly good for long term invesment, hold untill by the end of the year and you will take big profit

Of course now it is good to hold because price use to rise and it never stop at any point, I am sure one day it will be above your expectation, I have seen a lot of people getting good advantage of buying bitcoin at the lower price as it is right now and it keep on rising since now, I prefer buying at low and hold till it get high so that is the reason why I am with bitcoin and I never stop investing and buying coin.