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

[hahay]

This question is very related this months because we are experiencing bearish. Why I am still buying bitcoin even price continues to fall and why I am keeping them? I still buying bitcoin bitcoins because this is really profitable and it will rise again. Keeping bitcoin is a good example of a wise trader. Holding bitcoin is good especially when price is low and you'd invested it before and you don't want to get loss. Continuously buying bitcoin will help you gain bigger benefits.

Yes most of time my friends also ask me why I am buying when price and market is getting down but still I am buying and holding so isn’t it bad decision, but I never mind and I try to buy bitcoin as I know it has potential to recover and if price is low now today then tomorrow it will be high once again, profit is certain, it gives me future satisfaction, that’s why I buy bitcoin.

Yes, buying bitcoin is not something that can be done carelessly, because buying and holding it requires good trust about the potential of bitcoin itself. If you are not ready for all the bad possibilities that occur, then it's useless to buy bitcoin even though it is the lowest price because the decline can still occur at any time to be even lower. Buy bitcoin and hold it for sure they are aware of the benefits that can be generated from bitcoin, because bitcoin can also be used to transact and even gamble using crypto.

[Question123]

I really don't the information all about, in your title is different from your informtation that you said. But if you holding and buying this two coins which is bitcoin and ethereum because that coins is good the more the coin that you invest the more money is good.
You can buy more bitcoin because that coin will recover again the value and you will make more money of it will grow.

[bitzizzix]

Never hesitate to buy bitcoin under any circumstances and most importantly you buy it when the price is still low, and now in my opinion is the right time to buy it and save it to invest in the long run.
and it is useless if you invest in bitcoin in the short term or in a short time, because the movement of bitcoin and all coins is unstable and still in a low price condition and investing in the long term is the most effective choice for now and now, because I believe in the future of bitcoin will rise and all coins will rise also because other coins will depend on the movement of bitcoin, but bitcoin is still the most expensive price among other coins and that is the reason you have to buy bitcoin then hold it to invest
long term and wait for a high price then you sell it.

[gabbie2010]

The OP highlighted how hard it was years back to buy bitcoin due to banking huddles he has to cross and I concur with his idea of buying and hodling bitcoin now which is now possible with ease.
I agreed that bitcoin cannot be frozen of course It will be in my custody as my digital assets while having opportunity to transact them easily without any permission, I belief in the later years ahead bitcoin will become scarce having many hodlers who will prefers hodl to it as assets thus becoming a precious asset.

[Bonsaiav]

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.

With a limited number which is only 21 million bitcoins, this's the main reason which makes the value of bitcoin never be zero, if it's more expensive maybe yes. So, saving it's not a wrong strategy, and as time goes by there may be many changes that will occur in the role of bitcoin.

I don’t need to ask permission to spend them
Secondly, I like the fact that bitcoin is “permission-less”.   I won’t ever have to ask permission to spend or use my bitcoins - not that I plan to use them. Everything else I own (in the form of financial assets) is in the hands of a bank or a custodian.  I can’t spend my money without permission from my bank or credit card company. 

You're right, man. Because the nature of bitcoin is more independent (decentralized) meaning that anyone and at any time or owners can spend their funds in the form of bitcoin at any time, without anyone banning and regulating it like conventional currencies created by banks.

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.

That's the enormity of bitcoin because he's the only currency that's able to put its users at the main point, especially in controlling their own money. I think the concept of bitcoin's more than enough when compared to fiat currencies.

[logicgate]

I really don't the information all about, in your title is different from your informtation that you said. But if you holding and buying this two coins which is bitcoin and ethereum because that coins is good the more the coin that you invest the more money is good.
You can buy more bitcoin because that coin will recover again the value and you will make more money of it will grow.

 Bitcoin is much better than any other coin, holding bitcoin is really good as it has low price now a day so we can buy and store it for long term, buying Ethereum Is also not bad but if price is affordable then we can buy it, at first priority I try to buy bitcoin only as it gives me lots of profit and money making advantages, so I am buying and keeping bitcoin for my family secured future.

[qwertyup23]

I really don't the information all about, in your title is different from your informtation that you said. But if you holding and buying this two coins which is bitcoin and ethereum because that coins is good the more the coin that you invest the more money is good.
You can buy more bitcoin because that coin will recover again the value and you will make more money of it will grow.

I am not sure if I understood your reply well but you have to consider several factors on why purchasing bitcoins can be a smart investment move. First, bitcoins are a good store-of-value since its price can be converted to large amounts of cash. Second, its volatility makes it an unique type of investment, which focuses more on short-term than long-term investment. Third, its scarce supply can possibly be an advantage for long-term investment as well.

The price may be very unstable and we are currently on a bearish slump but take this as an advantage for acquiring bitcoins since lots of large investment companies are starting to accept bitcoin as an alternative to their products/services.

[futile-resistance]

I am not sure if I understood your reply well but you have to consider several factors on why purchasing bitcoins can be a smart investment move. First, bitcoins are a good store-of-value since its price can be converted to large amounts of cash. Second, its volatility makes it an unique type of investment, which focuses more on short-term than long-term investment. Third, its scarce supply can possibly be an advantage for long-term investment as well.

The price may be very unstable and we are currently on a bearish slump but take this as an advantage for acquiring bitcoins since lots of large investment companies are starting to accept bitcoin as an alternative to their products/services.

Lolzzz that's quite funny how you said that Bitcoin is a good store of value. Well it can be, and that is if you're lucky and able to pull off some smart investment move by investing at the right time. It doesn't really work for everyone, cause there are people that invest their money but ends up losing everything. So, anyone who decides to use Bitcoin to store their value should be very careful about it cause it might not work out the way they expect it.

I'm a bit confused with what you have said here about fiat and gold. How do you see that they are losing value and dropping to zero? Lol, cryptocurrency is the only thing that loses value every time and it does that more than every other asset or currency. Bitcoin and every other cryptocurrency you will see in the market are just highly volatile and if you keep money in them you should also be ready to take the risk that follows ,cause you're either going to lose that money or maybe gain it if you're lucky

[faceoff97]

This only shows that Bitcoin is the wisest way to store assets. You have all the control over funds, this is why there is no reason not to buy and hold it. I personally buy and hold because of the same reason you've stated above, it's gives us the freedom from any third trusted party and intervention of anyone even the closest one. Just make sure that when holding, coins are stored in place where you have the full control over private key like Hodler wallet and not wallet exchanges for better safety.

[hahay]

I think you are a very wise man for buying and keeping them.
No sense in trying to multiply your stack as some choose to do with day trading. 

Those who have buy and chosen to save it are those who realize the potential of bitcoin itself who is able to increase high in the future by being patient to make a profit from the buy. In contrast to those who do day trading who are looking for a quick profit that is indeed a daily trade is also very profitable if you have skill in doing so, because not everyone has these skills and they will tend to choose to keep it for the long term.

[Tungsten-1]

This only shows that Bitcoin is the wisest way to store assets. You have all the control over funds, this is why there is no reason not to buy and hold it. I personally buy and hold because of the same reason you've stated above, it's gives us the freedom from any third trusted party and intervention of anyone even the closest one. Just make sure that when holding, coins are stored in place where you have the full control over private key like Hodler wallet and not wallet exchanges for better safety.

Me too, I am holding and I am buying bitcoin because till now in market of crypto currency I have never seen any other coin worthy and profitable more than bitcoin, ETh is also good but it is always my second option so bitcoin for me is more worthy and more profitable than ETH, for me bitcoin has good potential to surpass any other investment.

[Best Dreams]

This only shows that Bitcoin is the wisest way to store assets. You have all the control over funds, this is why there is no reason not to buy and hold it. I personally buy and hold because of the same reason you've stated above, it's gives us the freedom from any third trusted party and intervention of anyone even the closest one. Just make sure that when holding, coins are stored in place where you have the full control over private key like Hodler wallet and not wallet exchanges for better safety.

Me too, I am holding and I am buying bitcoin because till now in market of crypto currency I have never seen any other coin worthy and profitable more than bitcoin, ETh is also good but it is always my second option so bitcoin for me is more worthy and more profitable than ETH, for me bitcoin has good potential to surpass any other investment.

You are doing really well, it is good to hold and to use bitcoin is good for us to make money and to secure yourself regarding future, bitcoin is best coin to hold as long as we want, being a bitcoin user I never change my thoughts, I would suggest you not to divide your money, just buy some bitcoin and hold with patience for long time, it’s really good investment.

[Visbay]

This only shows that Bitcoin is the wisest way to store assets. You have all the control over funds, this is why there is no reason not to buy and hold it. I personally buy and hold because of the same reason you've stated above, it's gives us the freedom from any third trusted party and intervention of anyone even the closest one. Just make sure that when holding, coins are stored in place where you have the full control over private key like Hodler wallet and not wallet exchanges for better safety.

Me too, I am holding and I am buying bitcoin because till now in market of crypto currency I have never seen any other coin worthy and profitable more than bitcoin, ETh is also good but it is always my second option so bitcoin for me is more worthy and more profitable than ETH, for me bitcoin has good potential to surpass any other investment.

It is the thing what our history says long ago bitcoin was found at very low price and now it is very high in price so it is all about the price which rises and gives the user better result, I have so many friends who invested their money in bitcoin and they are now very rich because of it, so that’s why I am investing it is low in price and holding because I am sure it will rise in price very soon.

[romero121]

Great post of OP. Buying Bitcoins and hold them for the future will most likely be a good choice for you and your family. You can earn financially independency with crypto and especially bitcoins.
The maximum supply of bitcoins will in the coming years be even more important than now, in a few months from now, there will only be 3m bitcoins left to mine, versus fiat where the central banks keep printing money in an ever-increasing speed.

Holding bitcoin for the future of the family is really a good thing. Same as that one more thing that needs to be considered is the risk associated with bitcoin as well other cryptocurrencies. We should have certain amount of fund for our living, and the rest can be used to buy bitcoin and keep hold of it. Because there people who lost everything just on investing on bitcoin as well people who have got turned millionaires investing on bitcoin.

[btc78]

nice, I also think so btc free of monthly taxes and even annual expense is only for delivery and exchange is not too big and very light, see the amount of bitcoin is very fun have a limited assets in the world
easy to store, low cost and easy access hence I also choose bitcoin for future assets

This has been a normal argument because bitcoin is treated as asset now and not a currency,i must admit hat i ak one-of those and lucky because just right today i have gain 16% from my holdings and waiting to buyback again later as bitcoin is dropping now.hopefully before the day ends there will be a dump again

[Bl4nk]

if you buy bitcoin and save it well, you will get a pretty satisfactory result in your life, maybe now in the world of bitcoin or crypto currency there are still many who don't know how to store these bitcoins correctly due to a lot of burglary bitcoin storage, so we must recognize the tricks used by the burglars, so if you buy bitcoin and store it well it will change your life in the future.

[conected]

You need to buy and keep bitcoin as simple as it can help to change your life. It can be an instrument to a better life and to achieve your dreams. As keeping of bitcoin you don't have to worry because it is tax free and no annual fee like credit cards. It is also like a gold because it is good investment and goid as cash because you can use it in a daily transaction and the good thing is you don't have to carry a money or wear gold jewerly as a investment all you need is digital wallet and private keys.

- The story here is not just buying and holding, bitcoin will change our lives, agree that this can sometimes happen but that is the story in the past, for the present time, we will need strategies and plans, buy the right time and hold in the necessary stages, it will be profitable and make our lives better. The best evidence and results are the present time, when the price of Bitcoin suddenly skyrocketed, if we bought and accumulated bitcoin from previous periods, profit is a huge number, this tool only works well when we know how to manage it

[erikoy]

Good for you to be able to keep up that bitcoins. I guess you need to keep it then for the market has been slowly recovering. The bitcoin market pricr has made a huge increase and now it will going to have a possible another increase in the crypto market.

Good luck on your holdings may you get huge profit on it.

[Naughty Princess]

You need to buy and keep bitcoin as simple as it can help to change your life. It can be an instrument to a better life and to achieve your dreams. As keeping of bitcoin you don't have to worry because it is tax free and no annual fee like credit cards. It is also like a gold because it is good investment and goid as cash because you can use it in a daily transaction and the good thing is you don't have to carry a money or wear gold jewerly as a investment all you need is digital wallet and private keys.

It is beneficial to have bitcoin in any way to want it and then keep for getting profit from it. No matter how much it risks to keep in online wallet but if this digital currency become acceptable every where, many going to attract with it again. Like gold, bitcoin is good to reserve for the future gain.

[lionheart78]

a pretty good argument for increasing trust in bitcoin, hopefully this thread will make the bitcoin holders aware that they will continue to believe in this future technology.
Today bitcoin rises, although not too high, at least it can be signs of further increases.

I hope the rise is not another trap, I would love to see Bitcoin rallies again, breaking it ATH.


I agree with the sentiment of majority of the reply.  There is a good reason to keep buying and holding Bitcoin for a long run.  We all know it is only 21 million and many were lost due to lost keys, corrupted drives where Bitcoin is installed, etc.  The idea of finite supply with unlimited adoption simply shows that Bitcoin has no other way but to go up.  So buying and keeping them for future profit is a no brainer.