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Author Topic: Reasons to Invest in Bitcoin??  (Read 1928 times)
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July 25, 2021, 02:16:23 PM
 #121

The main reason we invest is because here I make the most money, the fastest to make a profit, it's the real thing and it's true I'm going through. although, cryptocurrencies are fraught with risk. however, for anyone who understands how to trade, invest, and mine. will definitely get amazing results here.
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July 25, 2021, 02:40:08 PM
 #122

First I want to say that I have some Bitcoin and I want to see it go to the moon. But I have some questions regarding the reasons that people give as to why Bitcoin is a good investment.  Kiss

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?

Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.


Please correct me if I am misinformed.  Shocked

Everyone has his personal reason to invest into Bitcoin. To survive, hodl, become richer, because of believe into Bitcoin etc. But the key moment in this question is new and good opportunities that cash or banks can not give, because those two have borders, limitations and different nuances. Bitcoin give people new opportunities first of all - like time economy, bordeless transactions, income and so on.
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July 25, 2021, 09:47:06 PM
 #123

First I want to say that I have some Bitcoin and I want to see it go to the moon. But I have some questions regarding the reasons that people give as to why Bitcoin is a good investment.  Kiss

Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.

Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?

Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.


Please correct me if I am misinformed.  Shocked

Everyone has his personal reason to invest into Bitcoin. To survive, hodl, become richer, because of believe into Bitcoin etc. But the key moment in this question is new and good opportunities that cash or banks can not give, because those two have borders, limitations and different nuances. Bitcoin give people new opportunities first of all - like time economy, bordeless transactions, income and so on.
Investing in bitcoin i think is the smartest one i made. I know bitcoin is the future. While others are afraid to take risk, but i know taking risk in bitcoin is all worth it. I may have losses and disappointments tody, but all these will vanish once bitcoin will reach its most expensive price and all i have is huge profits. The thing that everyone is waiting for aside from the fact that it also aim to be adopted soon as a currency next to fiat in the whole world.

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July 25, 2021, 10:52:35 PM
 #124

Bitcoin is part asset, part currency and part stock. Saying that it's only one of these is a lie. It has multi purpose.
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July 25, 2021, 11:06:29 PM
 #125

My opinion is, reason number 1 is temporary because when bitcoin spread evenly then bitcoin price will more stable. Most of bitcoin users use bitcoin as investment so they really care about the price movement, they also can create FUD or help FUD so the price can go down then they can buy more, it is a traders strategy. Reason number 2, I think you should obey the regulations of your country but you have a choice to own bitcoin or not, basically you can hold bitcoin although your country ban it as long as you keep it secret, I think just hold Bitcoin is not ilegal, bitcoin is not a drug or something that can hurt you, so logically countries should not make bitcoin as ilegal thing. Reason number 3, it's need time to see bitcoin mostly used for purchasing goods rather than in exchange site, and I think bitcoin transactions is much more convenient and fast rather than bank or any remittance service. Paper money is in physical form which mean you need much  physical effort to move it. Bitcoin transactions is faster than you think, usually merchants use vendor service such as coin payment and etc, I use coin payment and their service is pretty good, it take 5 to 10 minutes to complete transactions but in real life it will not be a problem, for example if we buy food in a restaurant then we don't need to worry about transactions confirmation because the merchants will receive the coin. Costumers just need to send then leave. I personally invest in bitcoin because the price will rise.

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July 25, 2021, 11:49:09 PM
 #126

  • It gives the freedom/security of holding your own funds which isn't possible with banks
  • It truly makes you move to the next level of living, if you have the ability to hold
  • As the supply is limited, there won't be any inflation as the fiat
  • It is the future of payments, as a beginning we can see more number of stores accepting bitcoin
  • You'll be part of the technology, and it gives the access to earn. In particular based on the learning you can make an earning through trading. Because, the market is volatile.
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July 25, 2021, 11:58:18 PM
Merited by The Sceptical Chymist (2)
 #127

Bitcoin presents a revolutionary new potential in the financial landscape, as it can be used for worldwide peer-to-peer transactions without the need for banks. There are hundreds of reasons why an investor should go into bitcoin. Some of the obvious ones are:
- This technology is here to stay. It is also the most innovative technology to enter our society.
- Investing in this field has high potential returns.
- It is considered to be highly secure and safe.
- Bitcoin may be the best way to break free from the fiat system.

R


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July 26, 2021, 02:50:05 AM
 #128

Everyone has his personal reason to invest into Bitcoin. To survive, hodl, become richer, because of believe into Bitcoin etc. But the key moment in this question is new and good opportunities that cash or banks can not give, because those two have borders, limitations and different nuances. Bitcoin give people new opportunities first of all - like time economy, bordeless transactions, income and so on.

Right, as there is no force on anyone to either invest in Bitcoin or not. those who want to invest in cryptocurrency, make sure that there is a huge risk in it and anytime the market will be crash or pump to the sky.
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July 26, 2021, 04:16:10 AM
 #129

bitcoin is digital gold, where if it is later accepted by most people, the price will soar, so if we invest now, we will get the benefits later with extraordinary returns. although there is no guarantee of that, but I guess people here have the same view as what I think

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July 26, 2021, 04:35:31 AM
 #130

now everyone who has a lot of money has invested in bitcoin, even large companies have adopted a lot of bitcoin, this is a sign that bitcoin in the future will be more expensive, every job has the risk of investing in bitcoin and has a high risk, so you must be smart to read the market.
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July 26, 2021, 05:34:54 AM
 #131

bitcoin is digital gold, where if it is later accepted by most people, the price will soar, so if we invest now, we will get the benefits later with extraordinary returns. although there is no guarantee of that, but I guess people here have the same view as what I think
Yes, bitcoin is like digital gold.  The longer it is stored, the higher the value.  At only 32k bitcoin price is still too cheap.  Many people predict the price of bitcoin will be above 100k.  My advice is better not to sell, especially if you buy it above 40k.

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July 26, 2021, 06:55:50 AM
 #132

we all know that investing is a hope for the future with the existence of these investments will provide a little guarantee of old age, but related to the reasons for investing in bitcoin, of course there are several factors, especially these investments are long-term investments and are very transparent in nature. allows investors to directly see their bitcoin statistics in just a short time, like we want to sell or maintain it in the stock market
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July 26, 2021, 07:04:05 AM
Merited by Symmetrick (1)
 #133

There are many reasons to invest in bitcoin because bitcoin is a digital gold And also bitcoin  is the king of crypto market bitcoin become more popular day by day Reason to invest in bitcoin because many companies start getting payment in bitcoin so I am sure bitcoin is a future according to many predicter bitcoin  price will be above 150k in future so it's right time to invest

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July 26, 2021, 12:01:08 PM
 #134

Many people consider this just the start of the bull market, but.....

None of us knows the perfect time to invest or can predict the price. the intelligentsia of the market is the combined knowledge of all humans and algorithms which is more than knowledge than can anyone can have. Also bitcoin is so scarce that a single wealthy investor can significantly move the market in secret and announced. Rather than trying to time the market,  Let time work for guys...

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July 26, 2021, 12:31:39 PM
 #135

Many people consider this just the start of the bull market, but.....

None of us knows the perfect time to invest or can predict the price. the intelligentsia of the market is the combined knowledge of all humans and algorithms which is more than knowledge than can anyone can have. Also bitcoin is so scarce that a single wealthy investor can significantly move the market in secret and announced. Rather than trying to time the market,  Let time work for guys...
it's true what you say, bitcoin is very rare, it's a habit if we hold rare items, most likely, profits will be easy for us to get, even though we know the price of bitcoin we can't predict, sometimes it goes down and sometimes it goes up, but if we look at the history of bitcoin's journey from zero, until now widely known by all countries, bitcoin can be said to have bright hopes in the future, that's why everyone wants to invest in bitcoin..
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July 26, 2021, 01:24:58 PM
 #136

bitcoin is the best asset to invest in today, as bitcoin is getting more and more popular its market cap is increasing, bitcoin gives you the freedom to send payments anywhere in the world instantly for a fee  low, allowing you more freedom and privacy when handling your money, from investing bitcoin you get very high returns to changing your life for the better.
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July 26, 2021, 03:29:02 PM
 #137

My goal of investing in bitcoin is only one, which is to get a big profit and immediately change my life for the better, currently I work in an office with a monthly salary of about $ 600, the total needs of my life a month about $ 350 so I invest bitcoin every month around $ 100-$ 150.

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July 26, 2021, 03:49:05 PM
 #138

The purpose of investing is of course to seek profit from existing funds or assets, and bitcoin offers the opportunity to earn large amounts of profit and this is one of the reasons why many people and investors buy bitcoin as a promising investment.
and although Bitcoin is relatively new, the potential returns it promises are much greater than any other type of investment, and even when crypto assets are volatile, high profit opportunities are still possible, most importantly be patient and long term is the best option to invest in bitcoin.

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July 26, 2021, 03:56:14 PM
 #139

the reason for investing is definitely looking for profit, the profit from bitcoin is quite large if it is bullrun like early April yesterday, but behind the big profits it takes a strong mentality and far from panic if the assets we have are reduced from initial capital

True. It is anti inflationary and growth oriented and fully De-centralized currency. This is the best growing  asset during the past 13 years, even better than AMAZON share. It will continue its growth journey in coming months and years because its supply is very limited and mining will stop when it reaches 21 Million and no one can exactly predict , it will be worth how many Million $ when last block of Bitcoin will be mined.









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July 26, 2021, 04:54:27 PM
 #140

My reason to invest in bitcoin is because bitcoin has been survive since 2011 and the price is keep rising every single year, i know my reason is very simple but for me this is the important thing for me to invest on bitcoin.
simple reason but the reality is basically not that simple friend.
it takes a long process and very high patience to achieve it all, it is true from year to year bitcoin always increases but behind it all there is a waiting process, there is a fud hanging around and there are scammers and fraudsters who are always stalking us.
although your reason is simple, you should start studying and need to increase your patience if you are here because if you look at 2011, it is now 2021 and 10 years is not a short time.
so start not thinking for that simple and learn the ins and outs that are here

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