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Author Topic: Reasons to Invest in Bitcoin??  (Read 1927 times)
22bits
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June 19, 2021, 02:05:02 PM
 #81

My reason is basically I see that the government is playing with the fiat system and it is a multi nation 'race to the bottom'.  I also like gold but gold is not a replacement for a type of currency whereas bitcoin in my view is.
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June 19, 2021, 02:12:30 PM
 #82

Yes you are correct, but what you wrote, like for example reason number one, it has good thing as well. Sure, bitcoin is easily affected, even a bit bad news can decrease the price. However, the same happened with good news, it can increase bitcoin price as well. That's why i guess you just need to wait for the price to increase, since it's volatile too so it's not that hard for the price to budge. Then, why should you worry about bank? Bank can't do anything to your bitcoin, and from my experience, i never get my money confiscated or something just because i earned it from bitcoin, it's not something illegal. But if in your country it's illegal, you might need to think other way. And lastly, yes. Unfortunately bitcoin is not common yet to be used in a transaction, but then it's why bitcoin is great for investment, since you can't use it anyway, just put it for long hold it and then gain profits from it. No need to spend it for purchase.

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June 19, 2021, 02:18:36 PM
 #83

P2P transactions is enough for me to use bitcoin  Cheesy
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June 19, 2021, 06:05:16 PM
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 #84

The thing is, all of the instruments in investing are risky, even though the risks have been set as low, there are still chances and reasons that would make you go broke.

And if that's the case, then why not go with the high-risk high-reward game instead? It would be the same anyway.

I never regret that I am currently in this community and support Bitcoin since then. And the investment I had before is now growing and rewarding me so I will agree with this.

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June 19, 2021, 09:37:48 PM
 #85

There are real so many reasons to which people chooses to invest in bitcoin, firstly nobody will invest in something that is not profitable, bitcoin is profitable because of it's volatile price so the main reason people invest in bitcoin is to make money, another reason people invest in bitcoin is because it gives them full control of their assets and also through bitcoin there can actually send money to anywhere without much stress. Many people will so choose bitcoin over many investments platform.

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June 19, 2021, 10:21:41 PM
 #86

--
It is the basic reason for Bitcoin.
However, I personally have some reasons why I must hold bitcoin right now:
- Want to get more profits
- The price of BTC is still down and I have no choice besides holding
- Waiting for the price of BTC can reach at least $80k  Cheesy
More specifically
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June 19, 2021, 11:58:42 PM
 #87

Bitcoin is a valuable cryptocurrency. You should invest in bitcoin for the following reasons:
1. Increased demand.
2. Bright investment future.
3. The crypto bubble has burst.
4. Blockchain core technology.
5. Footprints of Giants.
6. Easy access.
7. Safe transaction.



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June 20, 2021, 02:53:50 AM
 #88

Basically it is from the characteristics of bitcoin itself that it can provide many benefits, there are many positive things that can be taken from its advantages, such as investing, of course. Other than that this has indeed proven to be of interest to many investors, there is no doubt about it because of the many offers from many investors.
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June 20, 2021, 08:47:24 AM
 #89

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.


indeed bitcoin can not be used by many shops, but if communication is held maybe one store will accept bitcoin as payment,

the reason I keep bitcoins only as my long-term asset, and without being taxed (I'm not a tax-abiding person) and also if I save in the bank my money will be deducted by whatever fees, but I keep my money in bitcoin and other alts still without tax every month,
it's just that it takes patience if the value we have is reduced to the initial price  Grin

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June 20, 2021, 11:10:27 AM
 #90

Bitcoin is just similar gold which the supply is limited, and the circulating supply will increase only from mining that need long time and high energy cost. But fiat is very easy to increase the supply, only by printing for a second. If we compare Gold and BTC, BTC has more advantages because we can use it for cross border payment and take a few minute to comfirm, but for physical Gold hard to do.  The price action of BTC and GOLD is bit similar so in the future BTC possible to reach current marketcap of Gold, that is above $10T. For afew years BTC and Gold is against inflation of fiat.

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June 20, 2021, 11:57:37 AM
 #91

Reason 4: Bitcoin is scarce. It has a limited supply and that's why it's become a good asset that everyone can invest in.
Reason 5: You don't have to buy a whole bitcoin so that you can invest in it. You can buy it in batches as many as you can, as freely you as can.

The reason 4 here needs some more important clarification. There could be forks of Bitcoin that are the exact same and therefore also scarce, but that doesn't make the forks valuable. What makes Bitcoin valuable is its first mover advantage and along with that the organically grown ecosystem around it. You can fork the chain and set up an exact copy of it, but you can't fork the ecosystem. That is why it is very hard for other coins to overtake or even close to Bitcoin's market capitalization. There is no other PoW coin that has a similarly sized ecosystem around it.

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June 20, 2021, 11:58:24 AM
 #92

Investing in bitcoin, because I love the technology it's used to, and everyone is currently learning for it, I believe it will be a bright future, it makes me always want to invest in bitcoin.

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June 20, 2021, 12:37:50 PM
 #93

Investing in bitcoin, because I love the technology it's used to, and everyone is currently learning for it, I believe it will be a bright future, it makes me always want to invest in bitcoin.
Everyone is definitely learning about the Cryptocurrency and how it works. I invest in Bitcoin because, it has low security risk, and you can easily send it to anybody around the world.
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June 20, 2021, 02:17:31 PM
 #94

The main reason I invest in bitcoin is for profit or to double my money. I don't want to be hypocritical but it's true.
trading with high bitcoin price fluctuations will provide many advantages. But not just trading. I do the analysis first before I enter and exit the market.
Bitcoin or cryptocurrencies are great for short-term or long-term investments. Bitcoin is the most popular digital asset today.
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June 20, 2021, 03:24:53 PM
 #95

The real reason I invest in bitcoin is that I love the freedom of being able to use it with anything you can think of. It's great. Profit? I definitely need it. and to achieve - I need to support and keep them to the due date. It will come with trust, understanding and passion for bitcoin, it's a game and I'm a player Smiley) There were 60% crying when selling at a loss in May-June, who they are> what they do .
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June 20, 2021, 05:16:49 PM
 #96

Reason 01: For the Spreading FAKE news through any person or organization, Bitcoin can devalue BUT it is huge powerful fundamental community that has no big impact. Bitcoin has no regulatory body so no Government can interfere in it's activities for that's reason you haven't worry to Invest in Bitcoin.

Reason 03: Why you not Purchase your needed products from many stores at Once? If ALL the Stores Accept Bitcoin.
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June 20, 2021, 05:20:40 PM
 #97

Not to overcomplicate things, it's basically because it is a good investment, it has a good liquidity and has been supported and trusted by the crypto community. As long as the crypto community believes in bitcoin it will constantly go to higher price, bitcoin has solidified its position in cryptocurrencies without market making and it is impressive how its been supported all these years with so many projects going here and there.

Bitcoins DLT became popular and still getting some attention, blockchain technology really is one of the main reason to buy bitcoin, you don't have to use it because others will, and as long as it is being demanded its value will never fade away and will continuously grow, that's why its always a good investment.



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June 20, 2021, 05:58:49 PM
 #98

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.
For sure I also ask myself why people would think that banks would close their account for no good reason. The only reason why banks will close your account is when you’re involved in illegal practices. If you’re the keep–your–hands–clean type of person, then you wouldn’t have anything to worry about banks closing your account. So you’re right about that particular one. And secondly , there isn’t many stores where you can spend Bitcoin, I don’t have any problem because I think the main purpose is just peer to peer transactions.

There are companies that pays their workers with bitcoin these days. Then as for the transactions taking long, it’s not something that happens all the time. Finally, your first point shows you don’t understand it. Bitcoin has a time it goes up big like it did this year, and it after every four years when there is a halving, and after the prices goes up, it always comes down. So, I don’t think it’s all about whatever nonsense any influencer has to say or not, because without them saying it, the price will still go down.

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June 20, 2021, 09:33:42 PM
 #99

Investing in bitcoin, because I love the technology it's used to, and everyone is currently learning for it, I believe it will be a bright future, it makes me always want to invest in bitcoin.

The only reason to invest in bitcoin is profit if you want to make you investments 10x or more then choose bitcoin as a investment. Bitcoin fluctuates on daily basis and trader have a chance to get some good profit if he is a seasoned trader. Many people start investing in bitcoin as it become popular day by day due to the huge pump happened few months before.
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June 21, 2021, 08:24:10 PM
 #100

Investing in bitcoin, because I love the technology it's used to, and everyone is currently learning for it, I believe it will be a bright future, it makes me always want to invest in bitcoin.

The only reason to invest in bitcoin is profit if you want to make you investments 10x or more then choose bitcoin as a investment. Bitcoin fluctuates on daily basis and trader have a chance to get some good profit if he is a seasoned trader. Many people start investing in bitcoin as it become popular day by day due to the huge pump happened few months before.

I anyway don't think there are too many other people who claim they invest in Bitcoin for philanthropic reasons. That isn't the case because it wouldn't make sense in the first place. Bitcoin is not like a piece of art that somebody might really buy and pay a lot of money for just because he likes the picture. There maybe a few exceptions though who say that they wanted to own at least some Bitcoin just because it was a revolution that took place during their own times. Probably though they would buy one of these coins with a private key within them, a real collector item.

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..PLAY NOW..
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