Reasons to Invest in Bitcoin??

[deadmousehat]

first time I got to know bitcoin and decided to buy bitcoin for a long-term investment the main thing because I wanted to make a profit. the first thing to do is to learn the technology to avoid panic when there is a bear market

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[Blank-Head]

There are many reasons to invest in Bitcoin.Because Bitcoin will be the future of currency in near future.
As we can see Already a lot of people adopting Bitcoin.
They know that in near future Cryptocurrency will be the most used and popular payment gateway.

[sarmrakib]

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

Yes we always get an extra benefit to invest on bitcoin .If we compared the other market like forex ,stocks ,Commodities it always crypto is high volatile .That's why we can easily get our profit quickly .It has many use as well we can transaction it globally within a second and the blockchain system is more secure than any other platform .It has real value and bright future for sure that's why we always wanna invest on Bitcoin.

[ChiBitCTy]

While I do believe that bitcoin is a good "investment" I think it's important to note that bitcoin is inherently NOT an investment.  However, just as with any countries fiat money, it has become an investment and is traded in the markets.  That being said I also want to point out that it should only be part of ones entire portfolio, and not everything in ones portfolio. There's a lot of risk that comes with cryptocurrencies and it's important to remain invested in a diversified manner.

[Lee_Mire]

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.

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.  

Inflation and currency debasement is one of the most important reasons why you should at least store some of your wealth in bitcoin. Especially if you are from somewhere where the local currency is loosing value fast against USD. Also the USD itself is loosing purchasing power (just look at the price of a mcdonalds meal in the 70's compared to now). Either way BTC's main selling point is its hardness as a currency.

[sr32703]

Bitcoin has real value now because now big big company already have listed bitcoin as their payment gateway. And bitcoin's demand is upraising so there is good future value for bitcoin so i optimistic that it will be my future. 

[Similificator]

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.

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.  

1. Yes right now it gets influenced by a single tweet to dump but can also be influenced to pump. No matyer if you see this as a very good opportunity or not, it isn't going to last long as bitcoin matures even further as world wide adoption happens.
2. There have been many cases in my country when banks suddenly close due to bankruptcy or other issues and if it happened to some, it can also happen to others. So yes, you should worry despite not doing something illegal.
3. Privacy without having the need to explain your reasons for sending despite the identity of the reciever or yhe reason behind the payment. And lightning network can solve the long transaction time.

[Murtaza345]

First the bitcoin of future looking very bright,and after my research and see the trand of bitcoin I don't think there is a big business than bitcoin , bitcoin is most popular business of online field,and most profitable as well.and in upcoming time it will grow more , reason there are many people involve in bitcoin,and Community of bitcoin is very big now.These all and more reasns attract people to invest in bitcoin.And if I talk about my self , bitcoin is my full time business and I love bitcoin and bitcoin currency will be world No 1 currency one day.

[Renampun]

...

The reasons you put forward are quite reasonable...

but there are some parts that you are wrong about, in some countries you can already pay with Bitcoin. other than that the best reason why invest in Bitcoin is that the amount is limited and decentralized, in the future the price of Bitcoin will definitely be much more expensive than today.

[verita1]

I'm going to answer OP on reason 3.
If in my locality there are no stores that want to accept bitcoin. Of course, I have several options. Hold, buy, sell, exchange bitcoin for Fiat in the P2P of my preference.

We discuss that many times in this forum because we know how bitcoin works but for people who do not know anything it is a complete challenge.
Until they renounce the right to have bitcoin as a legal tender. As is happening in El Salvador, there are some groups that are rejecting the opportunity that many of us would like to see come to our countries.

[fara_buduk]

all reviews as op wrote about why we should invest in bitcoin..? only a few while the underlying reasons are many such as security levels, low inflation rates and many others, it's just that how do we use bitcoin as money still can't be implemented in the real world because there are still many people who don't know bitcoin and are supported by the government which does not legalize bitcoin as a transaction tool, so 80% of bitcoin circulates only as investment and trading assets

[Expecto]

Banks cannot confiscate your money as long as you aren't making an illegal transaction etc. . If your country hasn't imposed a ban on cryptocurrencies, then you should be good to go. And yes, Bitcoin has still some serious problems about low-speed transactions, high fees etc. . But I'm hoping Lightning Network to solve this problem in the future.

[serjent05]

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.

Well at least the inflation is controlled.  The decline in value due to FUD is impermanent losses as long as you didnn't sell you Bitcoin at a lost you don't lost any while cash has everlasting value devaluation due to unlimited inflation.

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?

True that, even if you are not doing any illegal means as long as the bank misunderstood your means of producing wealth, they will lock it until you have proven them you are wrong that would take time.

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 thing here is that you can send it to anyone in the world without any  third party mediation, as of the time confirmation, developers are working on it so I believe in due time Bitcoin will have an instant transaction and way faster confirmation.

[batang_bitcoin]

Banks cannot confiscate your money as long as you aren't making an illegal transaction etc. .

Even if you don't do but if they suspect you, they're going to freeze your account and if they've received a demand from the higher ops then they can do whatever they want with your funds.

If your country hasn't imposed a ban on cryptocurrencies, then you should be good to go. And yes, Bitcoin has still some serious problems about low-speed transactions, high fees etc. . But I'm hoping Lightning Network to solve this problem in the future.

Well, the high fees for each transaction are no longer a thing. It does look high because of its conversion to dollars but if you look at the normal transaction just like before, nothing had changed and it's cheap.

[Shasha80]

Because Bitcoin is the only asset that I can buy with the financial capabilities I have and can provide very large profits if I HODL in the long run.
So that's the reason why I chose to invest in Bitcoin, because I see Bitcoin can make me rich in the future. The increase in the price of Bitcoin is
indeed more significant than other assets. But everyone must have their own reasons why they choose to invest in Bitcoin, so whatever the reason
we invest in Bitcoin, most importantly Bitcoin is a good asset for investment.

[Hypnosis00]

To make a profit in Bitcoin is the main reason why people are coming in here and do an investment. And they are absolutely right. But, in order to make reach our goal and become profitable, it is a need for us to clearly understand the risk otherwise, we just fail.

And the other thing is that we don't be overly confident that everything will work fine after investing. We can't simply ignore the volatility of the market and who knows Bitcoin price will dump after we buy, that will be a big challenge and I'm not sure if these people know what to do next or to have sold it back?

[Oceat]

There are many to mention on why people should invest in Bitcoin but first they have to learn how to increase their security against scammer and a bank type wallet aka custodial wallets. The answer is simple, not your keys, not your coins.

And oh, did I mention that you can make profit just by holding Bitcoin? Yes, you can make money from it but you should know first how things work including the transaction fees, the fluctuation that does make some changes in their current price and the halving period.

[jellylily]

Because Bitcoin has value because it is valuable as a form of currency. Bitcoin has the mathematical characteristics of currency (persistence, portability, interchangeability, scarcity, divisibility, and easy identification) rather than relying on physical characteristics (such as gold and silver) or the trust of the central authority ( Such as legal tender).

[daniilmed095]

Bitcoin is a reliable asset and must be included in a portfolio. I believe that it is better to keep at least 20% in bitcoin.                                        Help me choose which wallet is better?

[dimox]

easy than the other stuff.
like you can invest anytime, anywhere, with ease in various ways.
bitcoin have big advantage if you compare with other investment. in a fact, many people still dont know about this one, and thing if bitcoin is scam.
and the point is, bitcoin, one of the thing must have by investor