Top Reasons You Should Know More Before Buying Bitcoin (BTC)

[Wexnident]

I don't think you should go ahead and say that 5 is a reason/fact? In fact, It should be somehow like Bitcoin instead can both damage and boost your bank account, depending on the situation. For the nth time, Bitcoin isn't some kind of magic making genie that Satoshi made geez. It's purely a medium, a currency, people get rich with Bitcoin because they use their brains and abilities and strategies and maybe a bit of luck to take advantage of others who either just have bad luck, or invest into Bitcoin blindly going into a buy high moment, and selling it low since it wasn't what they expected.

Besides, most of the reasons people buy BTC right now, especially newcomers, came from the fact that they thought it was something similar to your idea number 5, which is naturally false.

[Distinctin]

There are a lot of things you need to find more about Bitcoin.
No one will send interest in investing in Bitcoin if they just seeing these lists. Because the reason why people are eager to invest in Bitcoin is just because they are thinking of higher market returns which are possible but they are wrong if they think about instant.

Tips;
*separate the cons and pros so it is easier for the reader to know and find themselves that they are capable of it.
*you'll need dif deeper and search more than just relying on your own understanding.

[YOSHIE]

To Know More, Visit Here <> Reasons to Know More About Bitcoin

The methods you mention and provide in the Article, basically every Bitcoin user is used; (Politics, investment, transactions, internet and banks.

Of the five categories that you mentioned, we certainly study them, however, I doubt about the political disturbances that occurred in my country, honestly I do not care about it, no matter how bad politics, it is, I see no bad impact on Bitcoin, there are examples that occur, such as:
In Iran, Turkey, India etc.
Politics heats up, but Bitcoin keeps going as the internet goes on.

Conclusion: from the method you mentioned I do not want to learn method number (1), 2-5 of course I learn.

[daarul50]

5. Bitcoin Boost Your Bank Balance

When a newbie reads this, you are misleading them. Bitcoin doesn't boost the bank balance of anyone. There's no interconnection for bitcoin and bank balances. I get what you are trying to say here that our bank balances will increase once we profit from bitcoin.

But a newbie will be encouraged quickly for this reason. You know, when money talks, a lot of people listen. And if a newbie does have that decision without thinking, he's now a misled investor that invested due to the words of encouragement without understanding what he's invested.

Yes this one sounds like any other investment marketing that encourage you to put the money as much as possible and will guarantee you a huge profit which it is not true.
I could agree with the rest but not with this one.
You should add bitcoin as a high risk investment instead , the volatile will makes newcomer think the market is doesnt makes sense to have a quick and huge movement.

[Xinarae*]

Political instability has a detrimental effect on everything the demand for Bitcoin is increasing day by day as there is no political interference in it. Everyone is able to invest in Bitcoin independently political leaders cannot exert any influence without government control. Your reasons are good but it is being misused in the world of the internet hackers are stealing people's bitcoins using various methods. This is why you need to buy Bitcoin carefully to maintain security.

[ice18]

Sorry, but I don't understand point 5. How does it boost my bank account? When it comes to Bitcoin,  one of the most common misconceptions is that you need to learn it before you buy it. If you treat it like a stock, buy it and hold it on one of the big exchanges (considered relatively safe), you don't really need any knowledge but the most basic understanding of the concept. I have a good laugh when people who spent some time on the forum start threads like this telling people to boost their bank accounts with Bitcoin.

Looks like Op was saying if you buy bitcoin now after some months your bank account balance will increase because you got profit from buying bitcoin but this is not always same result Op should explain it more clearly that bitcoin price is volatile It can also ruin your account balance for example if you bought last Dec 2017 and because you really need money last 2018 then you decided to liquidate your bitcoin holdings after a year which in 2018 btc price fall hard from ATH of almost $20k and fall to $3k thats a big big loss if you bought btc so this statement btc can boost your bank account is not always correct.

[carlisle1]

Bitcoin is one of the most discussed topics worldwide since 2017.

Sorry for this but where is the source about Bitcoin is the most discussed topic worldwide?maybe you mean"Bitcointalk.org Wide"

The fact is that it's becoming more popular day by day. Presently, most of the peoples across the world have started showing their interest in it.

Sorry again but these claims seems to be exaggerated mate,remember that only fewer people around the world Knows about bitcoin and not all countries has good treatment to this coins.

Here, we have mentioned the top reasons that you must learn about Bitcoin (BTC).

1. No Political Interferences
.

Well because politicians are investing inside Bitcoin and other crypto so why would they interfere lol.

2. Investing in Bitcoin is Simple

Simple in terms of we can buy  easily but what about the risk?

3. Irreversible Transactions

actually i am sometimes against this but supporting mostly.

To Know More, Visit Here <> Reasons to Know More About Bitcoin

Is this your site?advertising here?but thanks i have read enough in this post.

[ethereumhunter]

Sorry, but I don't understand point 5. How does it boost my bank account? When it comes to Bitcoin,  one of the most common misconceptions is that you need to learn it before you buy it. If you treat it like a stock, buy it and hold it on one of the big exchanges (considered relatively safe), you don't really need any knowledge but the most basic understanding of the concept. I have a good laugh when people who spent some time on the forum start threads like this telling people to boost their bank accounts with Bitcoin.

Looks like Op was saying if you buy bitcoin now after some months your bank account balance will increase because you got profit from buying bitcoin but this is not always same result Op should explain it more clearly that bitcoin price is volatile It can also ruin your account balance for example if you bought last Dec 2017 and because you really need money last 2018 then you decided to liquidate your bitcoin holdings after a year which in 2018 btc price fall hard from ATH of almost $20k and fall to $3k thats a big big loss if you bought btc so this statement btc can boost your bank account is not always correct.

You can profit from bitcoin only if you sell bitcoin when reaching the peak price because if you still hold your bitcoin without thinking of selling it at that moment, you will not make a real profit. Many people delay their time to sell because they hope that the price will still increase, but that is not right because we don't know what will happen to the price in the next minutes or hours.

Before you buy bitcoin, it is better to learn about bitcoin volatility because not many people are ready to see bitcoin price volatility. If they know that the price will always fluctuate every day, some of them will not invest in bitcoin because they don't want to see the money value in bitcoin will decrease.

[coupable]

You did a good thing trying to educate people. But I don't see why you added the pros to the con. Bitcoin's transaction being irreversible is quite a disadvantage, while the other 4 you mentioned are advantages. You could have just differentiate them.

Bitcoin can increase your bank balance in a short period. The demand for BTC has increased a lot in recent years. Peoples who have bitcoins could sell at a higher price at the right time than what they have invested. Many of the experts predict that the BTC will go much higher in the upcoming years.

Tis can be misleading. Bitcoin can increase your bank balance but can also decrease it greatly. Bitcoin is volatile and the volatility has to do with increase and decrease. Experts keep on predicting and most of them keep on turning out to be wrong. I predict bitcoin based on my instincts and not based on what some "expert" says.

You focused on the two points i want to comment too.
First, this is not exact that the btc transaction is irreversible because it can be reversible before receiving the first confirmation. See the replace-by-fee option and how this feature can make many problems when using bitcoin for peer to peer exchanges between individuals in real life.
Second, bitcoin is a volatile asset and it's so dangerous to bet on it that will increase or decrease in price. For example, if you bought btc in late december 2017 when the price reach ATH at 20.000$ then didn't reach that level since that time.
Like said above, your explanation can be missleading for newbies and may lead them to more confusions without to mention the complicated code behind it .

[DoublerHunter]

^ I would not agree more with the pros stated in this post. That's the same thing I find bitcoin is. Since I joined the community, my productivity rate increased by almost a hundred percent better. I learned how to manage finance because before, during the days I failed in accumulating just because of financial status. Here is where I learned everything I have today and I am more than grateful for that. Nevertheless, I OP's list it seems to be true and we should be considered as OP's advice.

[Crptomagma]

It’s isn’t that way for a beginner because whether we agree or not bitcoin is technical and can be a little bit mathematical. It’s also important to make the beginner understand the nature of bitcoin, Bitcoin as a Cryptocurrency is decentralized and anonymous and these can make transactions irreversible. It’s important they keep their secret keys to their wallet in a safe location.

[3meek]

You did a good thing trying to educate people. But I don't see why you added the pros to the con. Bitcoin's transaction being irreversible is quite a disadvantage, while the other 4 you mentioned are advantages. You could have just differentiate them.

Why bitcoin's transaction being irreversible is a minus? If the transaction is cancelled, the entire blockchain will no longer be decentralized!
By the way, even in the banking sector it is not always possible to return the funds if you sent them to the wrong place...

[taufik123]

Some of the reasons mentioned, such as Investing in Bitcoin is simple and Bitcoin Increase your bank balance must be described and given a more detailed explanation. Because investing in bitcoin is simple and can be done by anyone, it has a higher level of risk and is not as simple as investing in the beginning.

Bitcoin increase your bank balance may be a little interesting, but it should be noted that bitcoin will not always increase your bank balance. When you are wrong in investing your bank balance will be drained if you don't have a good strategy and management.

There are actually many other main reasons why you should learn about bitcoin. Bitcoin is the digital currency of the future that is not controlled by anyone.

[molsewid]

Investing in Bitcoin is Simple
Bitcoin Boost Your Bank Balance

It would be best if you put all the explanations for these two reasons. Some newbie might expect investing in bitcoin always boost their bank balance. And we all know that investing in bitcoin is not always profitable. Some newbies might end up losing money in bitcoin and didn't want to continue their journey in bitcoin. And some people don't prefer irreversible transactions because some of them are accustomed to the reversible transaction and think this irreversible transaction is a disadvantage to them.

[CODE200]

You did a good thing trying to educate people. But I don't see why you added the pros to the con. Bitcoin's transaction being irreversible is quite a disadvantage, while the other 4 you mentioned are advantages. You could have just differentiate them.

Bitcoin can increase your bank balance in a short period. The demand for BTC has increased a lot in recent years. Peoples who have bitcoins could sell at a higher price at the right time than what they have invested. Many of the experts predict that the BTC will go much higher in the upcoming years.

Tis can be misleading. Bitcoin can increase your bank balance but can also decrease it greatly. Bitcoin is volatile and the volatility has to do with increase and decrease. Experts keep on predicting and most of them keep on turning out to be wrong. I predict bitcoin based on my instincts and not based on what some "expert" says.

What's decreasing and increasing is just its value not really the amount in your wallet. Perhaps you have 1 apple, and it's price today is $1, and its price became $2 the next day. You still have one apple, and it is just its value or price which is changing, and in the case of Bitcoin, from time to time. Regarding predictions, actually it is quite sketchy. Its market value will more likely not continue increasing that much. It will be quite crazy if a currency has a price of over hundred thousand dollar, as some people are saying. There's just this demand which moves its price and as year goes by and once more countries are allowing the use of it, it is more likely to have a stable market value because it will be used more on daily transactions and not for investment purposes.

[Darkelf11]

The fact is that it's becoming more popular day by day. Presently, most of the peoples across the world have started showing their interest in it.

Sorry again but these claims seems to be exaggerated mate,remember that only fewer people around the world Knows about bitcoin and not all countries has good treatment to this coins.

Well, what he had said is true. As bitcoin becomes more popular even in the news, people are starting to get curious of what are the capabilities of it. Ofcourse there will always be hindrances like in some countries where they considered bitcoin as illegal.

Here, we have mentioned the top reasons that you must learn about Bitcoin (BTC).

1. No Political Interferences

Well because politicians are investing inside Bitcoin and other crypto so why would they interfere lol.

Maybe he is talking about taxes on bitcoin. Government does not anything about bitcoin. They are not allowed to interfere because it is not under their responsibility.

2. Investing in Bitcoin is Simple

Simple in terms of we can buy  easily but what about the risk?

Yeah , transactions on bitcoins are easier compared to fiat transactions though it carries a lot risks. Just to add that bitcoin is a high-risk investment so if ever that they want to be part of the bitcoin community, they must accept that it is like that.

3. Irreversible Transactions

actually i am sometimes against this but supporting mostly.

Sometimes it can be a disadvantage because we may accidentally put the wrong address or amount and we do not have any other choice but to let it be because we can't reverse any transaction with bitcoin.

[Oceat]

OP should dig deeper if he wants to write a good article about Bitcoin because it's not actually defining the Bitcoin wholly.

3. Irreversible Transactions

actually i am sometimes against this but supporting mostly.

Sometimes it can be a disadvantage because we may accidentally put the wrong address or amount and we do not have any other choice but to let it be because we can't reverse any transaction with bitcoin.

Instead of complaining, just make sure you do put the right address before sending it to somewhere. I like the idea of irreversible though because it means the recipients will receive the Bitcoin in no time unlike banks they might have stopped your transaction if there's something wrong going to happen. It wouldn't hurt though for a minute to double check the address you are sending.

[oktana]

You did a good thing trying to educate people. But I don't see why you added the pros to the con. Bitcoin's transaction being irreversible is quite a disadvantage, while the other 4 you mentioned are advantages. You could have just differentiate them.

Why bitcoin's transaction being irreversible is a minus? If the transaction is cancelled, the entire blockchain will no longer be decentralized!
By the way, even in the banking sector it is not always possible to return the funds if you sent them to the wrong place...

I do understand your point, but in an instance where someone carelessly mistakes the wallet address and sends funds to this wrong address, the irrevisible  feature becomes a disadvantage. I know that even the banks do not really reverse transactions but, are we looking up to them? I guess not.

[blockman]

Shouldn't be a top reason why newbies should know before buying. What they need to know is how volatile bitcoin is and you didn't included that on your article. It's very much important that a newbie shall know how volatile bitcoin as they invest so they wouldn't be surprised if there's a sudden plummet occurred after investing. It's misleading that you rely on those technicals which seem to be not important at all while forgetting one of the most important character of bitcoin.

[MCobian]

I appreciate the good intentions of opening post which educate people to know more about Bitcoin. But some of the points in
the opening post can indeed provide misleading information, especially for newbies who don't know anything related to Bitcoin.
We must be careful explaining information related to Bitcoin, don't let people think Bitcoin can make you rich instantly. So it's not
quite right to write Bitcoin boost your bank balance, because it takes effort to be able to get profit from Bitcoin, this should be
explained in detail. So people don't misunderstand about Bitcoin.