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Author Topic: Why on earth do you own bitcoin?  (Read 955 times)
sunsilk
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June 28, 2021, 11:47:41 PM
 #41

There's no need to ask myself why I'm holding on. I believe on what I'm holding that there's a future that will be greater than what we've witnessed recently.

It's like the same as asking yourself, why do you need to invest?

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June 29, 2021, 01:04:11 AM
 #42

As the leader of digital currency, Bitcoin will have more application scenarios in the future. Buying Bitcoin now is because of long-term bullishness, but in fact there is still a lot of risk. But I believe that as more and more people realize the value of Bitcoin, they will also participate. I believe that the decentralization concept of Bitcoin will eventually enable you to achieve true freedom. I hope to witness it together.
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June 29, 2021, 09:04:37 AM
 #43

Bitcoin was continue growing and many we're getting interested.

BTC was one of best valuable and profitable investment, that's what they say, and I believe it,

Saving a BTC was a great choice.

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June 29, 2021, 09:20:57 AM
 #44

There's no need to ask myself why I'm holding on. I believe on what I'm holding that there's a future that will be greater than what we've witnessed recently.

It's like the same as asking yourself, why do you need to invest?
Me too, I think that believing in the potential of bitcoin is the only reason why I still own bitcoin, for me the 10 years that bitcoin has been in this world is enough proof that it will stay here and that it's prices will only have one way but to go up.

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June 29, 2021, 09:23:21 AM
 #45

The crypto markets have had an upbeat start to the week, with Bitcoin touching highs of $35,219.89 on Monday morning.

 

Despite the ongoing regulatory drama that has engulfed the industry — spearheaded by China — the world’s biggest cryptocurrency failed to fall below $30,000 over the weekend.

 

There have been repeated tests around this level in recent weeks. While some are confident that means Bitcoin has now bottomed out, others fear that a plunge as low as $24,000 cannot be ruled out.

 

Analysts at JPMorgan are among those sounding a cautious note. They say the short-term outlook for Bitcoin remains “challenging,” yet added that it does like the crypto markets are “beginning the process of healing” after the recent correction.

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June 29, 2021, 10:06:35 AM
 #46

It's simple, I just believe in it's potential for growth and that bitcoin has proven that it's prices despite all of the volatility part of the market, it can still go up to the prices that not a lot of people have expected to land on.

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June 29, 2021, 11:00:56 AM
 #47

what are you holding bitcoin or Ethereum or any other digital currency for?
I'm holding both of them.
My main reason is I want to invest into different assets including cryptocurrency.

I'm holding it because I want to diversify my money. I want to get involved in the world's decentralized currency. I want to invest into something that isn't backed by anybody but the community. I want to own Bitcoin because I'm expecting some huge returns a few years for now. These are just some of the reasons why I'm owning it Smiley.

Market is down = opportunity to buy. I see FUD or negative news on the internet = good time to buy. Those people who are feeling anxious whenever they see their profits slowly disappearing are the newbies who don't know when to exit or at least they are the ones who aren't ready in the worst case scenario which is the market going down like what happened.

 
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June 29, 2021, 11:15:15 AM
 #48

Recently everyone is very anxious, the market from time to time falls, sometimes with the negative news waterfall, sometimes without the negative news waterfall, as for the positive news almost no, it really makes people hate the teeth itch. Whether it's profit withdrawal or principal loss, watching your money slowly being eaten up by the market is generally an individual's anxiety. The more we get to this point in time, the more I think it's important for us to ask, or for us to ask ourselves, what are you holding bitcoin or Ethereum or any other digital currency for?
Most people are holding bitcoin or ethereum to make money. Crypto is a new way for us and gives us the chance to make money. Crypto has become booming in this pandemic because people can use their time to search for more info about crypto and use it for their benefit, and the best is they can make money. Bitcoin and the other coins such as ethereum, bnb, and others are not just the way to make money, but they can be new investments in digital money. So that makes people can have a new way to make money. People need to be careful with the news because much negative news happens in the crypto world, and if they are not ready and prepare, they will have the chance to make money.

 
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June 29, 2021, 11:36:14 AM
 #49

If the field goes up then of course there must be down. As for the price swings which is very normal for me in this market, I always believe that BTC will increase by $100k in the future and my assets will multiply many times now because If the price goes down then I'll buy it. That's why I own BTC Wink

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June 29, 2021, 11:45:16 AM
 #50

what are you holding bitcoin or Ethereum or any other digital currency for?
I just want you to remember that bitcoin and ethereum used to have a value of less than of a dollar. now think about all the people that Hodl their Bitcoin and etheruem from the start. all of them(maybe most) had a life-changing opportunity by holding these cryptocurrencies when the prices of these two cryptocurrencies increased. people know that bitcoin and ethereum are volatile and there is a risk in holding them. now, why are we hodling these cryptocurrencies? it's because of opportunity.

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June 29, 2021, 11:57:44 AM
 #51

Recently everyone is very anxious, the market from time to time falls, sometimes with the negative news waterfall, sometimes without the negative news waterfall, as for the positive news almost no, it really makes people hate the teeth itch. Whether it's profit withdrawal or principal loss, watching your money slowly being eaten up by the market is generally an individual's anxiety. The more we get to this point in time, the more I think it's important for us to ask, or for us to ask ourselves, what are you holding bitcoin or Ethereum or any other digital currency for?
holding is the only way to make a huge profits and that's the reason why most of the investors choose to hold for long run because crypto currency is very promising as well.. And for your information most of the holder are professional and knowledgeable about crypto currency, so what do you think why the hell they're holding? Just to waste money? Lmao  they're not stupid bro.. Only noob cant understand why most of the investors prefer to hold instead of gaining quick profits, and you're one of them.  Grin
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June 29, 2021, 12:22:06 PM
 #52

Recently everyone is very anxious, the market from time to time falls, sometimes with the negative news waterfall, sometimes without the negative news waterfall, as for the positive news almost no, it really makes people hate the teeth itch. Whether it's profit withdrawal or principal loss, watching your money slowly being eaten up by the market is generally an individual's anxiety. The more we get to this point in time, the more I think it's important for us to ask, or for us to ask ourselves, what are you holding bitcoin or Ethereum or any other digital currency for?

If you plan to invest long-term speaking, you shouldn't worry much whenever reading or hearing news like that. Bitcoin is volatile. I don't know how many times I've said this in different posts. Anyone planning to invest or save in cryptocurrency platform should know that before diving into it. If you are easily shaken with these kind of news, maybe you still need to save more courage before entering crypto.

When it comes to investment, always be reminded that high risk, high rewards. Risking is always a part of every investment we will make may it be in crypto or other investment vehicle. Just manage your funds wisely and risk what you can afford to lose. In addition, i suggest diversification of funds to avoid inconvenience, losses, and regrets in the future.

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June 29, 2021, 01:09:31 PM
 #53

others have said it well also, why invest?  Well to do nothing is to leave it in fiat so therefore we need to find something that goes up over time and is a store of value, gold, silver, real estate, mona list paintings, all have shortcomings we may not want to deal with.  Bitcoin is an option that addresses a lot of shortcomings of other store of value items.
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June 29, 2021, 08:08:21 PM
 #54

There's no need to ask myself why I'm holding on. I believe on what I'm holding that there's a future that will be greater than what we've witnessed recently.

It's like the same as asking yourself, why do you need to invest?
Me too, I think that believing in the potential of bitcoin is the only reason why I still own bitcoin, for me the 10 years that bitcoin has been in this world is enough proof that it will stay here and that it's prices will only have one way but to go up.
Even though it may not be much for some to still see the potential that it has. But we've seen the proof in our lives how bitcoin made our lives better and changed a lot of things in our living aspect.

No need to have that much reasons why we're investing in bitcoin. As long as we've got enough few reasons why we're leaning and believing on it, people will see and regret that they've been late knowing and investing on it.

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June 29, 2021, 09:25:41 PM
 #55

Recently everyone is very anxious, the market from time to time falls, sometimes with the negative news waterfall, sometimes without the negative news waterfall, as for the positive news almost no, it really makes people hate the teeth itch. Whether it's profit withdrawal or principal loss, watching your money slowly being eaten up by the market is generally an individual's anxiety. The more we get to this point in time, the more I think it's important for us to ask, or for us to ask ourselves, what are you holding bitcoin or Ethereum or any other digital currency for?
Majority will be answering on the reason mainly for "PROFITS"!

Only a few or would a bit rare if someone will be answering or telling  out that theyve been holding bitcoin just on mainly been supporting it when it comes to its real actual usage or similar sentiment.

Majority will really be longing for profits and this is the sole reason on why we've been investing on the first place is for the sake of making profits and second priority would be talking about support.

I do own bitcoin with that sole reason and for sure majority would having the same exact thing in mind.

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June 29, 2021, 09:48:07 PM
 #56

This is just like asking why price move up and down the market and why people risks their funds to allowing their money to just get lost without making any retrieval means. Don't you know that everything in live is full of ups and downs. Nothing comes easy, even successful business men you have seen had passed through different stages of emotions seeing their hard earn money just go like that.
Bitcoin like the general cryptocurrency market is another form of legal tender that is used as means of transactions for goods and services. Bitcoin is a digital currency which is mostly acceptible as financial instrument for transactions and services.

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June 29, 2021, 09:58:32 PM
 #57

Recently everyone is very anxious, the market from time to time falls, sometimes with the negative news waterfall, sometimes without the negative news waterfall, as for the positive news almost no, it really makes people hate the teeth itch. Whether it's profit withdrawal or principal loss, watching your money slowly being eaten up by the market is generally an individual's anxiety. The more we get to this point in time, the more I think it's important for us to ask, or for us to ask ourselves, what are you holding bitcoin or Ethereum or any other digital currency for?
For cryptocurrency market to fall does not mean that crypto holders are absolutely wrong by holding their bitcoin or any  other cryptocurrency, holding  a coin for intervals of years can  equally turn to positive gain, because i could remember vividly when bitcoin was at rate of ten (10k) in the year 2019 and 2020, those set of people who happened to purchased it at that point and refused to sell the coins till this period, i think they has made a huge amount of profit, this scenario just given an examples or the advantages of keeping bitcoin for a long period of time.so in summary nothing is wrong for holding a bitcoin from my perspective or sight.


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June 30, 2021, 12:15:26 PM
 #58

I have bitcoin because I have hope in bitcoin with big profits, and my savings for my child in the future, when my child grows up the possibility of bitcoin is still growing and hopefully reaches 100k usd later

Simple opini
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June 30, 2021, 12:24:39 PM
 #59

No one knows the future, but to me the possibility of btc hitting 100k or above remains by the end of the current year. Why hold bitcoin? Because despite the volatility it remains the best performing asset class since it was created. That and because of the understanding of what it is which creates conviction as to where it is going. And that conviction doesn't shake with temporary market moves. Bitcoin is a long-term play and it's in time-frame of years that it is and has been a sure bet.
randegibran
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June 30, 2021, 06:05:41 PM
 #60

this is not just a matter of money alone, but it is more inclined.to the investment center where the investment is very useful for a future. with a little saving in the form of investment then we can at least get a little profit in the future, what else this is an investment in the form of long term and easy to make transactions.for example we want to stop we can withdraw.our money back by selling it, and also we can still buy it to invest. long
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