Reasons to Invest in Bitcoin??

[Hamphser]

The reason on why i do invest with Bitcoin;

-Anonymous
-P2P transactions
-Be your own bank
-Irreversible
-Cant be controlled
-You do have opportunity to earn

Its up to someones view but for sure majority will really be having the same view in regarding to this.
This is why it is getting soo much support.

[Amejoaquim]

One more thing is the trend and pattern of bitcoin since 2011 is keep rising year by year, when everyone said bitcoin die or etc Bitcoin keep prove it wrong.

and before we decided to invest on something make sure we use money we can afford to lose.

[livingfree]

very promising to be able to collect a lot of money.

That's a misleading reason if you're saying that someone can collect a lot of money from it. You actually don't collect without any investment but if you have some ways of collecting it like mining or working and getting paid with bitcoin. That's how you do it but it could be misleading for some reading it at the first time.

That when someone reads about bitcoin, they might think that it's just an actual collecting of money and anyone who owns it doesn't have any risk to take because we're just collecting money.

[Vaculin]

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.  

All you have said are right and I have found one reason why people are investing and taking this opportunity is that they can make a huge money from here. Nothing else.

Some are just an excuse and alibi why they are here. Not all investors had to look at those things but they just focus on how much they will get from Bitcoin investment. Even you, you are asking Bitcoin to go to the moon because you want to double, triple... your money. That is all about.

[ROSE B]

Bitcoin is a very good way to store value. It has its own unique characteristics and has a large number of believers. Investing in Bitcoin can store value for your funds and avoid certain risks.

[Peanutswar]

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.

You can escape with the taxes of the government with the use of the bitcoin but you cannot escape the transaction fees of course, also not totally having a 100 percent control of your money again the market is volatile you cannot handle the value of it still you are the responsible in decision making to hold or not.

Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account

In my country, there's a bank accepting the use of cryptocurrency for storing their funds as long as you did store the one of the most important seed is you are still safe.

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.

There are many stores today accepting the use of the bitcoin payment as long as you send the bitcoin with the address p2pkh, p2sh and Bech32.

[Lordhermes]

Bitcoin is a very good way to store value. It has its own unique characteristics and has a large number of believers. Investing in Bitcoin can store value for your funds and avoid certain risks.

Bitcoin is also fast and easy to use, all one needs is a internet connection. Bitcoin can't be stolen from a wallet, expect the hacker have access to that wallet. Also Bitcoin users have full control over their money. It doesn't have any Central Bank. With Bitcoin, you can be your own Bank.

[acener]

Because it is the easiest investment to have?
It could give you a huge profit if played right.
Easy to buy or sell anytime you want.
You could hold your own investment if you want (By putting it on your hardware wallet).

[Lorence.xD]

Because it is the easiest investment to have?
It could give you a huge profit if played right.
Easy to buy or sell anytime you want.
You could hold your own investment if you want (By putting it on your hardware wallet).

This gets rather not true as time goes by because a lot of people are making bitcoin much more complex but if you still do the old way, then you can probably still do it but some companies entering bitcoin are making things more complicated. But overall I do agree that it's an easy investment with a really big returns and it's unlike any other existing out there.

[Wexnident]

Well, honestly, tldr of everything here is that you invest in Bitcoin because ITS Bitcoin. That's about it.

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.

A temporary problem that affects the short term of the market. Not really a long-term effect, so I don't really see many issues. A problem that can be solved with time isn't really a problem imo.

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?

Uh how is this related to Bitcoin? That's a fiat-related thing. As long as you're not doing illegal, I don't think it's an issue

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.

Again, a matter that can be solved with time. Plus transaction speeds are being fixed with the current LN.

[ahsanif]

Because it is the easiest investment to have?
It could give you a huge profit if played right.
Easy to buy or sell anytime you want.
You could hold your own investment if you want (By putting it on your hardware wallet).

yes we can all compare it with 5 years ago. Besides that, rarity will continue to occur because almost 21 million bitcoins have been mined

[ethereumhunter]

Because it is the easiest investment to have?
It could give you a huge profit if played right.
Easy to buy or sell anytime you want.
You could hold your own investment if you want (By putting it on your hardware wallet).

yes we can all compare it with 5 years ago. Besides that, rarity will continue to occur because almost 21 million bitcoins have been mined

Even if that is an easy thing, most people can hold their bitcoin for a long time. People tend to panic when the price starts moving up or down because they may not be ready to see that happen. A small number of people can survive to hold their bitcoin because they can control their emotions and decide not to watch the market very often. If they can hold it, they will make a big profit in the future.

[rodskee]

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.  

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.

Indeed and that is why i totally supporting crypto specially 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?

Unless you are stupid enough to let hackers or scammers interfere your account and that is by your own mistakes.

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.  

the volatility is what people wants to invest and be their money in bitcoin. imagine that if you put your money now worth 100$ there is a chance in 5 days period this can be double when you needed to use( but of course there is the other way around that may lose your funds by time lol)

[elisabetheva]

Even if that is an easy thing, most people can hold their bitcoin for a long time. People tend to panic when the price starts moving up or down because they may not be ready to see that happen. A small number of people can survive to hold their bitcoin because they can control their emotions and decide not to watch the market very often. If they can hold it, they will make a big profit in the future.

Anxiety and fear of experiencing losses sometimes make what you do actually make the situation uncontrollable. many of them always believe the bad news circulating on social media and when they see the market price, they can't help themselves, don't analyze well. whereas many are muddying the atmosphere with bad news to benefit themselves and this is sometimes not realized.

if we just want to hold it, we can be sure that bitcoin will always form renewable ATH again at some time later, so there's no need to worry because holding bitcoin will not lose money, it just depends on time, which at least takes 4 years according to the halving. maybe even faster because the market situation is actually improving.

[BlackHatCoiner]

~snip~

Are you generally informed of Bitcoin's intention? It's written in the whitepaper and it surely isn't made to be used as an investment regardless that it's being seen as an investment and as a store of value asset. I'm just telling you, because the reasons you mentioned have nothing to do with why you should invest in it. A greater response would be that it has lots of potential and countries have started adopting it; not those you wrote. Actually, the 2 & 3 you mentioned justify why it should be used as a currency.

So, your point about banks stealing money only applies if you have money above this threshold stored in one bank.

I believe that his point is that the banks can steal your money whenever they want; the fact that they won't due to law prevention isn't the same with not being able to.

[clint25n]

by investing in bitcoin, we not only save money easily in the long run
but we also benefit in the long run
although relatively new compared to other types of investments such as stocks or other traditional assets

[CryptoStar19]

I am having a hard time thinking of any good reasons NOT to invest in bitcoin.

Call me crazy, but I feel like at this point the real risk is NOT investing in bitcoin...

[ethereumhunter]

Even if that is an easy thing, most people can hold their bitcoin for a long time. People tend to panic when the price starts moving up or down because they may not be ready to see that happen. A small number of people can survive to hold their bitcoin because they can control their emotions and decide not to watch the market very often. If they can hold it, they will make a big profit in the future.

Anxiety and fear of experiencing losses sometimes make what you do actually make the situation uncontrollable. many of them always believe the bad news circulating on social media and when they see the market price, they can't help themselves, don't analyze well. whereas many are muddying the atmosphere with bad news to benefit themselves and this is sometimes not realized.

if we just want to hold it, we can be sure that bitcoin will always form renewable ATH again at some time later, so there's no need to worry because holding bitcoin will not lose money, it just depends on time, which at least takes 4 years according to the halving. maybe even faster because the market situation is actually improving.

If they do not search for more info about what they found before, they will have anxiety and fear and that is normal to see that will happen to them. We always need to calm down when we read something from social media because that news will not always right.

You need to have a calming down if you decide to hold bitcoin because the price will go up and down fast, making you worry. But, I guess we may not be waiting for the next 4 years because the bitcoin price can increase again anytime and hopefully, that can happen this year.

[sherryDEFI]

Bitcoin is the only currency that allows you to make realistically fast payments while holding it and appreciating rapidly every month and every year. Looking at fiat currencies around the world, none of them has the characteristic of long-term appreciation, which only makes consumer holders and investors feel that their money has less and less purchasing power.

[zanezane]

Bitcoin is the only currency that allows you to make realistically fast payments while holding it and appreciating rapidly every month and every year. Looking at fiat currencies around the world, none of them has the characteristic of long-term appreciation, which only makes consumer holders and investors feel that their money has less and less purchasing power.

I have my doubts with faster payments though, there are more apps that are much faster than what bitcoin is now. You are right about the fiat appreciation though, but there is inflation to curtail the depreciation in value. The reason in my opinion is the promise of bitcoin to be your own bank is sort of true.