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Author Topic: Reasons to Invest in Bitcoin??  (Read 1927 times)
imstillthebest
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June 21, 2021, 08:56:04 PM
 #101

1. they can manipulate btc if people get affected and panic sell but if we ignore their tweets and the bad news , btc price will remain normal .
2. they can take your btc if your using a wallet where you dont own your keys and hackers can also take away your btc if your not good at caring your btc .
3. they want btc more than for payment . many stores now accepts btc and they can pay more to speed up the transaction .
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June 21, 2021, 09:46:48 PM
 #102

I'll reply all three straightly; if you want to invest in bitcoin, use your spare money. Not just Bitcoin; anything that has to do with the word invest. Also, it depends on the country where you are staying. Some countries have banned crypto, and using it is like looking for trouble, you may loose all your funds when they catch you, so I suggest you check the status of your country and know if they accept their citizens to use crypto.

Finally, I wouldn't really count bitcoin as a store of value (just in case you want to use it for this). Bitcoin's volatility makes it unworthy for that. There are stable coins like usdt where you can store your money and it will have it's fixed value without the ability of crashing down.



 

 

 

 

 

 


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June 21, 2021, 10:37:28 PM
 #103

I invest Bitcoin because it is the most popular and most trusted currency. Investing Bitcoin is better than gold and silver. I invest it in order to make additional profits for my family life. In addition to the advantages of investing in bitcoin, no bank can block transfers and payments or close your account.

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June 21, 2021, 11:13:11 PM
 #104

The reason i prefer to invest in bitcoin is because it's self moderated and bitcoin regulate itself without the help of anyone, and again bitcoin investment can multiple wealth and it has a higher security level, which no one can thief your coin without been known your login details, it's the reason why i prefer cryptocurrency investment than manual investment, but people dislike cryptocurrency because its online and don't really understand its concept.

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June 23, 2021, 03:23:32 PM
 #105

In not so many words. Bitcoin for me is a means to earn more and earn quick. Within a short or long period in which the value of Bitcoin goes up one can earn thousand multiples of one's capital.

Another reason I invest is the fact that bitcoin allows me to earn almost effortlessly. All I have to do is buy, hold for a while then sell at Target or desired value.

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June 23, 2021, 03:49:16 PM
 #106

this is one of the positive functions of bitcoin or in a good sense, but you also have to know what impact we will get from investing here and of course there are some impacts that other people, especially people who are just starting to invest here, don't know yet.
as we all know here that this bitcoin investment does not guarantee you will get a big profit, it could be the other way around if you don't know the function of bitcoin and you are wrong in taking a position (buying at a high price) you may lose money you because here is a very risky place. and many new people who have been affected by bitcoin because they don't know and are just trying to follow the investment here by hoping that bitcoin will continue to rise and not be accompanied by patience and the results are predictable. when bitcoin went down like now many people complained and felt they lost their money and stopped investing even though this was the wrong decision.
so be careful especially for you beginners because here it is not only investment and instant profits but also you have to be patient and smart in seeing the situation because this is a risky place

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June 23, 2021, 04:06:55 PM
 #107

1. they can manipulate btc if people get affected and panic sell but if we ignore their tweets and the bad news , btc price will remain normal .
2. they can take your btc if your using a wallet where you dont own your keys and hackers can also take away your btc if your not good at caring your btc .
3. they want btc more than for payment . many stores now accepts btc and they can pay more to speed up the transaction .
because here is a very high risk place so you have to be prepared with all the possibilities that occur including fud and manipulation like this, because this is very natural when it comes to wealth everyone will definitely be competing to increase their profits.
and for the wallet problem here there is also a point but everyone of course will not be careless in storing their money in the wallet without making security, at least they will definitely do double security because this is related to their finances and of course before they start investing here of course they have learned this first

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June 23, 2021, 04:21:49 PM
 #108

why we all invest in bitcoin, because considering that no other investment provides the same security and benefits as bitcoin, bitcoin has been evolving for a long time, and bitcoin can be trusted because there are no third parties, unlike other investments that involve multiple third parties. three, in the end, if we invest elsewhere, once we invest our money, they run away..
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June 23, 2021, 04:30:21 PM
 #109

Intitally, limited supply of bitcoin is the best thing to me and that's why i love bitcoin and this forum. Though my journey is started, but hopefully bitcoin will increase more likely gaining more knowledge about it.  Smiley
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June 23, 2021, 04:43:03 PM
 #110

Your information is correct upto a certain extent OP.
But i guess these reasons are not only restricted to BTC only, rather this applies to other alt coins too.
Moreover for me the main reason to buy the coin is it’s price and scope.
Many Traders have already predicted that BTC will change the crypto world soon in the future, and therefore i am buying the coin whenever i have some money to spend.
Hope OP i have added a little extra info for you to debate upon.

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June 23, 2021, 08:32:46 PM
 #111

Intitally, limited supply of bitcoin is the best thing to me and that's why i love bitcoin and this forum.
It will increase as you've understand the importance and effect of having a limited supply. It will create scarcity and that's going to be the trigger to make the prices up.
Though my journey is started, but hopefully bitcoin will increase more likely gaining more knowledge about it.  Smiley
Good luck with your journey, you just have to enjoy the ride.

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June 23, 2021, 09:37:56 PM
 #112

Intitally, limited supply of bitcoin is the best thing to me and that's why i love bitcoin and this forum.
It will increase as you've understand the importance and effect of having a limited supply. It will create scarcity and that's going to be the trigger to make the prices up.
Though my journey is started, but hopefully bitcoin will increase more likely gaining more knowledge about it.  Smiley
Good luck with your journey, you just have to enjoy the ride.
That's how the economic principle works, when demand is high and supply is limited, prices will increase. how important it is to understand well what you are going to invest in. regardless for long or short term, we should know it well. With a combination of technical and fundamental analysis, you can get a great opportunity to take profit. even if you don't have the ability to do market analysis, then use a way to save, and see what you will get a few years later.

this decade is enough to prove that btc has great potential. although in the future the price will continue to change, it can again make new record highs or lows. so be prepared with all the risks. Keep in mind that big profits are always accompanied by big risks.

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June 24, 2021, 05:06:20 AM
 #113

To hedge against inflation that was caused by the stimulus packages.
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June 24, 2021, 08:55:37 PM
 #114

Intitally, limited supply of bitcoin is the best thing to me and that's why i love bitcoin and this forum.
It will increase as you've understand the importance and effect of having a limited supply. It will create scarcity and that's going to be the trigger to make the prices up.
That's how the economic principle works, when demand is high and supply is limited, prices will increase. how important it is to understand well what you are going to invest in. regardless for long or short term, we should know it well. With a combination of technical and fundamental analysis, you can get a great opportunity to take profit. even if you don't have the ability to do market analysis, then use a way to save, and see what you will get a few years later.

this decade is enough to prove that btc has great potential. although in the future the price will continue to change, it can again make new record highs or lows. so be prepared with all the risks. Keep in mind that big profits are always accompanied by big risks.
There will still be those people, institutions and government that cannot see the full potential of bitcoin in this modern generation. But to us who have a background of it and understands well about its features and having a limited supply.
We all shall see the true potential that it can give to those who will start bagging it.

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June 24, 2021, 09:15:15 PM
 #115

I'm glad you know a thing or two of bitcoin and investment. You know also about how government and its agencies works in order to manage the affairs of it's nation. They all come together to ensure some balance in nature bit then, let me ask you this @OP?

1. Did you expect bitcoin or cryptocurrencies to be perfect without any flaws or challenges at all?
2. Have you ever seen or know of a thing, be it asset or policy of some sort without any flaw or challenge?

The variation and flaws 8n a system exists so there is a chance to choose and that humanity doesn't go sole on a particular aspect of it's essence. This is life, you select the one that is convenient for you and you deal with it.

On why you should invest in bitcoin, its because, its an asset of value. Despite the fact that it could serve as a currency, its a currency that 1 doesn't stay one. Its value can be hyper and its purpose is variable.

R


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June 25, 2021, 01:44:03 AM
 #116

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.

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June 25, 2021, 01:36:20 PM
 #117

bitcoin is the best crypto asset.for a very convincing.investment, if we have a habit.of investing.this, this is a very good start to do it, moreover.this business.is not a fraudulent.investment like those in other businesses.if you feel uncomfortable.with an investment then you don't want to go into a business.after all this is back to the perception.of each of uswhether.you want to or not you jump in this investment, then the choice is given to you alone
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June 25, 2021, 04:52:18 PM
 #118

Investing in Bitcoin is one of the best thing to do in terms of savings money and the reason is that Bitcoin is not a paper money to spoil and it adds value even while saving it, it can't be Freezed by any bank or government. Hence it should be taken as an advantage....
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July 25, 2021, 01:27:19 PM
 #119

In addition to the things you have mentioned, I will add my opinion, for me bitcoin is a very profitable investment and offers many benefits to users.
anyone can buy it in any percentage and how much they want as long as they can afford.  there is the advantage of bitcoin compared to investing in fiat or physical

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July 25, 2021, 02:15:32 PM
 #120

Bitcoin is the king of Cryptocurrencies, and despite getting it banned in some countries, it still remain strong and unstoppable. Bitcoin have less security risk. It also profitable Investing in Bitcoin, but that is, if the Investor is patience enough. Bitcoin is decentralized, it is not controlled by any organization or government. I must admit, bitcoin is and have been a good Cryptocurrency to invest in.



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