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Question: Who thinks we have seen the worse of it and we already bottomed out around $8,000?
Agree - 13 (52%)
Disagree, we go lower but later will blow past these levels - 6 (24%)
Disagree, we will only trend lower and drop to $5,000 - $6,500 range - 2 (8%)
Disagree, Bitcoin will only fall until its inevitable death. - 2 (8%)
Unsure - 2 (8%)
Total Voters: 25

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Author Topic: 5 Reasons why I am buying Bitcoin!!  (Read 1238 times)
sandra2010
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November 04, 2019, 09:38:36 AM
 #121

One more reason that we can use it in buying goods and service, and it`s so important for the coins or tokens to be usable in buying goods and services.
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November 04, 2019, 12:05:53 PM
 #122

Bitcoin is the key currency in the crypto market, which has been here since the beginning of cryptography. The price of the second half of the market, which consists of altcoins, depends on bitcoin. Bitcoin domination at the moment is almost 70%, which is very much, a similar indicator of domination was a very long time ago. On the other hand, this level of domination suggests that at the time when the dominance of Bitcoin begins to decline, the prices for altcoins will rise. Perhaps even we will see the season of altcoins. At least these reasons make me invest in bitcoin.

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November 04, 2019, 12:19:02 PM
 #123

Probably a smart bet to buy Bitcoin in the early months of next year, Bitcoin doesn't usually start increasing in value until just a few months before the block reward halving.

Buying it now means you might not get it at the very best price. Though, I doubt it matters since it should go up between now and then anyway.
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November 05, 2019, 10:34:53 AM
 #124

always bitcoin decrease end of the year and start increase again by the beginning of the new year.
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November 05, 2019, 11:14:33 AM
 #125

At the moment, in my opinion, the correction of bitcoin has not yet been completed. More precisely, there are no clear signals about the end of the correction. But that can change at any time. But if you consider investment, you can buy now.
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November 05, 2019, 03:28:43 PM
 #126

One of the reasons is halving and we know that every year the bitcoins value are rising and since halving is near it would be much bigger uptrend we might see by next year. That's why the it jumps from 7k to 9k.

And best strategy is to accumulate more bitcoin and for sure we will get a big profit and what if the value of bitcoin will rise above the ATH.

Yes, indeed. everyone is waiting for halving and with this the trend of bitcoin is getting lifted because of this attracted news. everyone are hurry to make purchases. and this moment everyone will realize how this event will surely gaining. we can't expedite bitcoin's value increases, but we can prepare for it. the price goes up because there is something going on that everyone is looking forward to.

Watch out for this SPACE!
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November 05, 2019, 04:07:29 PM
 #127

always bitcoin decrease end of the year and start increase again by the beginning of the new year.

That was 2018. Have you forgotten the bull run from November 2017 to around January to February in 2018? Bitcoin moved from around $7K to the current all time high of $20K. So don't be too quick to make conclusions. Contrary to popular belief, We're already on track for the next bull run (- Bitcoins halving event and an expected alt season). So I feel it'll be different this time. The market sentiment is already getting positive with each passing day. It has moved from fear in January to Greed and now back to Neutral. You can see the Crypto fear and greed index here



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November 06, 2019, 03:32:28 AM
 #128

Bitcoin was the very first crypto to be created and it created a huge buzz among the masses. Due to its great popularity, Bitcoin is the ideal coin for speculation and investment. Additionally, I am able to trade on a 24/7 system where I can monitor the market at any moment. Because of the many bitcoin, i want to clarify - I'm talking about the real pure Bitcoin  Grin
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November 06, 2019, 05:54:07 AM
 #129

Probably a smart bet to buy Bitcoin in the early months of next year, Bitcoin doesn't usually start increasing in value until just a few months before the block reward halving.

Buying it now means you might not get it at the very best price. Though, I doubt it matters since it should go up between now and then anyway.
Buying it for long term investment doesn't really matters since the price will eventually increase. Not because of the halving only but also with those
news that showing positive impression coming from more people and government. It will take some time and after buying you should forget everything
the up and down from the volatile market will keeps on bothering you if you will keep monitoring the value. Better to buy and relax after.
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November 06, 2019, 12:02:19 PM
Last edit: November 06, 2019, 12:15:59 PM by andycarrol
 #130

Probably a smart bet to buy Bitcoin in the early months of next year, Bitcoin doesn't usually start increasing in value until just a few months before the block reward halving.

Buying it now means you might not get it at the very best price. Though, I doubt it matters since it should go up between now and then anyway.
Buying it for long term investment doesn't really matters since the price will eventually increase. Not because of the halving only but also with those
news that showing positive impression coming from more people and government. It will take some time and after buying you should forget everything
the up and down from the volatile market will keeps on bothering you if you will keep monitoring the value. Better to buy and relax after.

a bit disagree with your opinion which underlines, we will never know what will happen to bitcoin in the future, whether it remains high value or even has no value anymore.
because we can see that bitcoin is always a lot of issues that can make the prices go down very deep and vice versa. but 1st reason is very good about halving because when viewed from the previous halving, it always makes the prices rise higher.
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November 06, 2019, 12:20:28 PM
 #131

5 reasons why I love buying and investing in bitcoins :

1. Bitcoin was created to be free from the inflation of only 21 million Bitcoin
2. Bitcoin is still a promising investment trend today
3. Looking forward to the emergence of ETF (Exchange Traded-Fund) for Bitcoin
4. Bitcoin will be a very profitable investment
5. Already many countries legalize Bitcoin, most likely future Bitcoin will be the global currency


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November 06, 2019, 12:29:36 PM
 #132

always bitcoin decrease end of the year and start increase again by the beginning of the new year.

That was 2018. Have you forgotten the bull run from November 2017 to around January to February in 2018? Bitcoin moved from around $7K to the current all-time high of $20K. So don't be too quick to make conclusions. Contrary to popular belief, We're already on track for the next bull run (- Bitcoins halving event and an expected alt season). So I feel it'll be different this time. The market sentiment is already getting positive with each passing day. It has moved from fear in January to Greed and now back to Neutral. You can see the Crypto fear and greed index here


This is what I am always telling, and since we are nearing the halving from today is the right time to start accumulating. Personally I do accumulate slowly, I see to it I set aside a portion my funds for crypto, especially in bitcoin. Sometimes the crypto market is unpredictable, but since we are approaching the halving its best to be prepared.

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November 06, 2019, 02:13:16 PM
 #133

At the moment, in my opinion, the correction of bitcoin has not yet been completed. More precisely, there are no clear signals about the end of the correction. But that can change at any time. But if you consider investment, you can buy now.

That’s right we are buying bitcoin because it is volatile by nature it has the ability to increase and decrease so we can buy some bitcoins at low price then hold them with Patience and wait for it to get profit. Buying bitcoin gives me certainty about profit and I feel safe being with bitcoin even if I am holding for years I know it will end up making huge profit for me, so bitcoin is the best coin to buy.

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November 06, 2019, 02:41:42 PM
 #134

Good point. I am definitely buying more Bitcoin. Bitcoin to 200k mofos!
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November 06, 2019, 05:32:41 PM
 #135

To the question posed, I answered very simply that Bitcoin can fall in price only if the user loses interest in it and the situation will go to the death of Bitcoin.  I hope that this does not happen, but I want to say the following that if we want to have great prospects for Bitcoin in the future, then we need to act as a whole society in this direction, and not only treat Bitcoin as a profitable investment due to its volatility.  I believe that the future of Bitcoin primarily depends on improving its scalability, legalizing Bitcoin and stabilizing its price so that Bitcoin can be fully used as a means of payment.
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November 07, 2019, 01:47:52 AM
 #136

At the moment, in my opinion, the correction of bitcoin has not yet been completed. More precisely, there are no clear signals about the end of the correction. But that can change at any time. But if you consider investment, you can buy now.

That’s right we are buying bitcoin because it is volatile by nature it has the ability to increase and decrease so we can buy some bitcoins at low price then hold them with Patience and wait for it to get profit. Buying bitcoin gives me certainty about profit and I feel safe being with bitcoin even if I am holding for years I know it will end up making huge profit for me, so bitcoin is the best coin to buy.
In fact, Bitcoin is often the investment that is always held by investors in this market because anyone participating in the crypto market will buy Bitcoin first and that makes this coin very high value. Now Bitcoin is still the king of crypto market and all fluctuations of Bitcoin will affect all other altcoins. If you are considering long-term investment, then Bitcoin seems to be the safest option and can bring great profits if you tend to hold long-term.

I not sure about the future of this market but things will get better in the next few years because people are starting to know more about the existence of cryptocurrency and will attract a lot of new investment funds.
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November 09, 2019, 11:02:01 AM
Last edit: November 11, 2019, 02:20:31 PM by Goprimexbt
 #137

To the question posed, I answered very simply that Bitcoin can fall in price only if the user loses interest in it and the situation will go to the death of Bitcoin.  I hope that this does not happen, but I want to say the following that if we want to have great prospects for Bitcoin in the future, then we need to act as a whole society in this direction, and not only treat Bitcoin as a profitable investment due to its volatility.  I believe that the future of Bitcoin primarily depends on improving its scalability, legalizing Bitcoin and stabilizing its price so that Bitcoin can be fully used as a means of payment.

Great points my friend!! you are right..... But unfortunately, Bitcoin was built on a more primitive block-chain technology so people are starting to view it as a good store of value and a good investment. In the future, It can act as the gold of all crypto currencies and all the other coins' value will be based on how they convert to Bitcoin. I believe that other coins are more well suited to be used as a day to day currency/payment instead of bitcoin because they are faster, have more scalability, can handle much higher traffic, etc. Bitcoin is a generation 1 Crypto Currency, while..... Cordano (ADA) is like generation 3. The newer coins will be more suitable.
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December 09, 2019, 02:18:57 PM
 #138

With crypto-currencies you never know, I said I'm not sure cause Bitcoin price surprised me many times, and not just me, other people as well. When most people thought it will rise Bitcoin went down when we thought Bitcoin will drop we saw the opposite.
I'm investing in Bitcoin cause I believe it's the future, the future is in decentralization. Only that can help us all! And it's better to believe in math than in other people.



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December 09, 2019, 02:24:27 PM
 #139

With crypto-currencies you never know, I said I'm not sure cause Bitcoin price surprised me many times, and not just me, other people as well. When most people thought it will rise Bitcoin went down when we thought Bitcoin will drop we saw the opposite.
I'm investing in Bitcoin cause I believe it's the future, the future is in decentralization. Only that can help us all! And it's better to believe in math than in other people.

It's because the whales are watching people behaviors on the internet, when many people expect the price would pump they will dump it, and when people are predicting the price will down and take out their tradem the price pumped and the people will panic and doing FOMO and the whales are getting profits from there.
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December 09, 2019, 02:47:14 PM
 #140

With crypto-currencies you never know, I said I'm not sure cause Bitcoin price surprised me many times, and not just me, other people as well. When most people thought it will rise Bitcoin went down when we thought Bitcoin will drop we saw the opposite.
I'm investing in Bitcoin cause I believe it's the future, the future is in decentralization. Only that can help us all! And it's better to believe in math than in other people.

It's because the whales are watching people behaviors on the internet, when many people expect the price would pump they will dump it, and when people are predicting the price will down and take out their tradem the price pumped and the people will panic and doing FOMO and the whales are getting profits from there.

Correct and since they are too rich enough they really can manipulate the price of the crypto market as well as the mind of people, so it is really frustrating and sad to check people that they are losing always because they can't control their emotion that's why I keep saying to my friends and relatives that they should be too careful with their every actions.
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