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

[JamesIrvin]

Bitcoin is one of the most discussed topics worldwide since 2017. 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. But, still, some of the peoples don't have any idea about the Bitcoin (BTC). Even you can be one among them who should know what exactly Bitcoin is? Where to buy it?, and How it's helpful to you?. This article will help you to know more information about BTC but not going much into the technical details. When you heard about this digital currency is your the first time, this guide will be helpful for you.

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

1. No Political Interferences
2. Investing in Bitcoin is Simple
3. Irreversible Transactions
4. Reach Globally
5. Bitcoin Boost Your Bank Balance

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

[barto123]

You're only just scratching the surface of Bitcoin's benefits.

I urge you to continue you digging.

Question the current money system as much as you can.

Don't stop until you get angry.

Then get more Bitcoin.

[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.

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.

[logfiles]

Your article is so wanting and can mislead newbies in many ways. You claim you are a technical content writer with more than 3 years of experience but I don't see any good content in your article. You should do better.

For example;

Bitcoin transactions are much faster

Faster compared to what? Elaborate

and it doesn't matter whenever you need to send them. Wherever in the world, you can send it instantly. However, you should keep in mind that bitcoin transactions are not valid in some of the countries

Contradicting yourself. How is a bitcoin transaction not valid in some countries i you can send it from anywhere?
Do you know what an invalid bitcoin transaction is?

[Oshosondy]

Bitcoin is not like fiats that is known to be depreciating in value, especially in developing and underdeveloped countries where the volatility of fiats are high and yet in the depreciating form only. That is why people are turning towards bitcoin.

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

1. No Political Interferences
2. Investing in Bitcoin is Simple
3. Irreversible Transactions
4. Reach Globally
5. Bitcoin Boost Your Bank Balance

1. No political interference because it is not controlled by any central body
2. Investing in it is simple but investors should be able to analyze
3. It is very important for newbies to know this, that bitcoin transactions can not be reversed. But transactions that have no confirmation yet can still be reversed using rbf, electrum 4.0.4 even support rbf cancel transactions.
4. Bitcoin decentralized nature makes it accepted world wide.
5. Bitcoin boost my asset and worth, not my bank account. Bank account should not be overestimated.

[lifeforcepools]

If you want to start trading bitcoins you first need to know that there are significant risks and that it is not as easy as it seems.

[coolcoinz]

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.

[pinggoki]

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.

Actually I have also some questions on how it would boost my bank account, because the misunderstanding of the people out there is that when they buy bitcoin then wait for at least a months or year then sell it they will earn a profit. But what they don't know that is that bitcoin is not like that, buy when the price is low and sell when the price is high. That is the main thing what we need to do on buying and selling bitcoin and what you need to consider on buying bitcoin.

[Fesatmas]

did you dream clearly we all know, therefore we are already in this forum. and what is even more funny is that you only see in terms of profits without including what losses will be experienced if you are unable to manage bitcoin assets. or you are indeed one of the people who are new to bitcoin. You can see how you can miss issues related to conversations in this forum. read further and take a look at the current situation.

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.

right, those who see only the benefits. completely misleading, because for someone who has just jumped in and followed the lure of this statement, without mastering all aspects of bitcoin would be bad. this matter does need to be revised again. make the slightest mistake in investing in bitcoin, will result in many people falling into enormous losses.

[20kevin20]

1. No Political Interferences
2. Investing in Bitcoin is Simple
3. Irreversible Transactions
4. Reach Globally
5. Bitcoin Boost Your Bank Balance

I'm sorry, but this is a quite poorly written list of things about Bitcoin that should supposedly make you interested in it. I would not consider Bitcoin investments a simple thing to do and it will not "boost" your bank account balance. It's not like BTC is a magical world where you become rich out of nowhere and the market's past does not make for a better future.

[Twinkledoe]

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.

Actually I have also some questions on how it would boost my bank account, because the misunderstanding of the people out there is that when they buy bitcoin then wait for at least a months or year then sell it they will earn a profit. But what they don't know that is that bitcoin is not like that, buy when the price is low and sell when the price is high. That is the main thing what we need to do on buying and selling bitcoin and what you need to consider on buying bitcoin.

Many people can be misled by this idea. This is the reason why a lot of newbies thought that they will get rich upon buying bitcoin. But it's not, there's a lot to consider in this market. Anyway, for the OP, it is a good start. When he reads more articles and roams around the forum, he will understand more about crypto market and how can he earn money from it.

[ChrisPop]

People should check out Bitcoin and the technology just because it has survived so many years and created a global movement. People are free to do whatever they want, but remember that ignorance is taxed earlier or later.
Based on our decisions we save or lose time and money. It's a simple and at the same time a very complex equation depending on how deep you want to get your train of thought.

Is spending a few hours on conducting a basic research on the most craved asset in the world? - I know it's worth it for free, but is it for you?

[Krislaw]

Out of all your points, only two doesn't fit to be there, which are 3 and 5.
3 is a bit of a disadvantage to people that are used to the centralised financial system. While point 5 is the reason some newcomers think bitcoin is a get rich quick thing. It can boost bank balance and also male it empty if one is not being cautious about the market.

[adzino]

Bitcoin is one of the most discussed topics worldwide since 2017. 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. But, still, some of the peoples don't have any idea about the Bitcoin (BTC). Even you can be one among them who should know what exactly Bitcoin is? Where to buy it?, and How it's helpful to you?. This article will help you to know more information about BTC but not going much into the technical details. When you heard about this digital currency is your the first time, this guide will be helpful for you.

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

1. No Political Interferences
2. Investing in Bitcoin is Simple
3. Irreversible Transactions
4. Reach Globally
5. Bitcoin Boost Your Bank Balance

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

Lots of information written in the article are just totally wrong and can mislead someone.
1. It is not free from political interference (restriction according to the article)! In fact political events play a major role in crypto currencies.
2. Is it? Then why do people struggle investing in bitcoin? Article mentions nothing about paying taxes which is the main headache.
3. It is only irreversible once a good number of network confirmation takes place. Article fails to mention anything about this.
4. True.
5. Worst way to promote bitcoin.

[GreatArkansas]

Out of all your points, only two doesn't fit to be there, which are 3 and 5.
3 is a bit of a disadvantage to people that are used to the centralised financial system. While point 5 is the reason some newcomers think bitcoin is a get rich quick thing. It can boost bank balance and also male it empty if one is not being cautious about the market.

It's kinda OP wants to deliver that Bitcoin is just like an investment which in the future, you may get a profit by buying Bitcoin.
And also about the number 3, if you study about Bitcoin even basic you will learn about this.
So for me, one of the major and must be LEARNING BITCOIN first before anything else.

I want to share a story recently I found in some group of people from my country, there are some people who are complaining against the exchange they are using because the transaction fee for sending Bitcoin to other Bitcoin wallet is too high, they don't know the exchange anything to do about it, it's because the bitcoin network itself, see what is the effect of people who don't even know the basic things of Bitcoin?

[Alucard1]

Bitcoin becomes a trending topic in the news and social media but still, some people don't know things about it, what's the reason behind that? I can say that it is because of the government who do not allow cryptocurrency in their area just like in our country, the second one is that the technology, not all people are in with technology, there are still many people who do even know about the computer or they don't know good knowledge on how they are going to use it.

1. No Political Interferences
2. Investing in Bitcoin is Simple
3. Irreversible Transactions
4. Reach Globally
5. Bitcoin Boost Your Bank Balance

You have mentioned a good topic to learn for every beginner of the crypto world.
1. No political Interferences - it is because cryptocurrency is decentralized, there is no third party just like the traditional one.
2. Investing in Bitcoin is simple - there are many tutorials that you can have on Google and youtube.
3. Irreversible transactions - Once you already transmitted the funds to a wrong wallet then there's no more ay to get back to you.
4. Reach globally - that's true, it is happening, bitcoin becomes popular all over the world.
5. Bitcoin boosts your rank balance - Bitcoin helps me in terms of finances, it makes me earn more assets.

[Lorence.xD]

You also should not forget the unsavory reasons that is with bitcoin. There are a lot and I will only add one. That reason is its inherent market volatility, this could be troublesome if they do not know about crypto volatility. I advocate that we should learn the good and bad reasons when buying bitcoin not because I gatekeep other people from becoming part of the community but to let them know what they are going for, they might even find loopholes that others could have missed.

[noorman0]

_snip_
5. Bitcoin Boost Your Bank Balance

What is the connection between having bitcoin and boost bank balance? Bitcoin balances cannot be synchronized with the value of savings in the bank, and bitcoin has no bank interest.

And one thing is important, bitcoin is only intended as a payment system option, not intended to increase wealth even though most of the goal of people towards bitcoin is trading it. If you promise "boost bank balance" like this to newcomers, you will end up upsetting them because this is not the "Top reason" as your headline says.

[sunsilk]

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.

[onecall123]

1 Well said, Bitcoin will up and doesn't care who is gonna president lol. The mooning we're seeing now is just the start.
2 Investing in Bitcoin is Simple- I agree on this remark since never trouble getting convert fiat into Bitcoin.
3 Absolutely, we have more take care on it. This is only things make me worried.
4 It's happening around the globe, slower but people starting put on trust.
5 From my perspective, it's still far believing Bitcoin will boost your Bank Balance, I'm happy with boost my assets.