Why on earth do you own bitcoin?

[James Watson]

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?

[bitterguy28]

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?

The question goes sideways mate, "Why On Earth do we need not to Own Bitcoin"?

imagine there are tons of chances that Bitcoin will increase now as the value is recovering nowadays.

and also if you will only look for  about the downfall , why not try to look of the possibilities that the increase will happen in any time soon.

[cabron]

When you are trying to invest in for long term, you may not really think about the value in USD being eaten by the market. It will cross your mind every time the price dip which you could have decided to sell and buy later to increase the number of your satoshis. It's risky but traders do this. They do this to own more BTC because they think of the future value.

[Kong Hey Pakboy]

When you are trying to invest in for long term, you may not really think about the value in USD being eaten by the market. It will cross your mind every time the price dip which you could have decided to sell and buy later to increase the number of your satoshis. It's risky but traders do this. They do this to own more BTC because they think of the future value.

That's the most most sensible thing to do when you are investing, you should be going for the route that maximizes your profit more than anything else because what's the point of investing if you don't choose to make more money if there's a chance to do it right?

[BitcoinBarrel]

I mostly get paid in crypto for work, and it's a practical way to save money and make online payments.

[jellylily]

I bought Bitcoin because Bitcoin enables individual humans to have private property that is truly under their control in this highly information-based, centralized, and regulated society, and this private property can also be stored and transferred very conveniently.

[beneath time]

I don't believe any of the above. I bought btc because it was trending. It has kept trending and made me some very nice return, and this is -surprise surprise- why I still hold and buy btc. It's a zero anxiety long game.

[Xinarae*]

Bitcoin is usually held by people for investment bitcoin's long term investment is very profitable. Traders invest in fluctuations because they know that even if the price goes up later it will go up again all the money in the world means money dollars or any currency has a regulatory body this work is usually done by the government but you would be surprised to know that bitcoin has no such company. Bitcoin is entirely public no one controls bitcoin continues to do its own thing that is why everyone owns through investment.

[Darker45]

Isn't it somewhat odd that you are asking this question while hodling? This question matters, of course, but this is a very fundamental question which should have already been asked even before you made your first Bitcoin purchase.

I know that the reason for buying Bitcoin may not be the same reason for hodling it, but why did you buy Bitcoin or Ethereum or other digital currencies in the first place? The clue may be right there. If you bought Bitcoin because it is the emerging fad and it is cool to be in and not left out, then there's indeed no more reason for you to hold on to your Bitcoin now.

[Nunoluck]

For me this cryptocurrency is the future of money. It is not only an investment but this is good technology which solve problems that we get when we using fiat. By using cryptocurrency we get a lot of advantages. In the past we use gold, now we use paper money, then the future should be digital money and the best digital money is bitcoin. I want to be a part of future.

[pooya87]

watching your money slowly being eaten up by the market is generally an individual's anxiety.

Then you shouldn't have bought altcoins in first place. Altcoins will always keep going lower and lower as people dump them in the long run even though they may see some short term pumps.
As for bitcoin for the past 2+ months the price has been around $35k and hasn't been going anywhere else, so your comment doesn't apply to bitcoin.

As to answer your title, I own bitcoin because I seek financial sovereignty.

[Oasisman]

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?

Or it could be the other way around.
Why not? Or shall I say, "why don't you own one?"
This is the same question as, why are you saving money?
Money cannot be eaten nor can be drink but why are you saving money and not food or water?

I assume you have seen the market going up and down, and that's kinda normal to see in any market going like this especially to the highly volatile asset like Bitcoin and other alts. Have you seen Bitcoin falling it's value as time passes by?
 

[maydna]

Perhaps, you should ask yourself because we have different opinions about why we own bitcoin. But people who own bitcoin realize that bitcoin can be their long-term investment, so that they want to have more and more bitcoin. They will buy more bitcoin at any price, especially if the price can go down to the low price, and they will not only hold it but will sell it when the price increases.

Related to the negative news that we read, that will not always impact the price, but it just happens temporarily, so we don't have to worry. The price will be increased after that news, and the price will have more chances to break the highest price.

[yazher]

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?

Looks like you're missing the point here, As you can see the world right now needs some kind of new opportunities where it needs fewer competitions. Bitcoin is one of them if you want to invest with your spare money, the return will be huge if you know what you are doing and the same for the other Altcoins. Most of the users here are looking for those opportunities whether they gonna waste their money or not, it's their own decision and that will make the crypto market grow since some might win or some might also lose but that's not always the case because sometimes whoever might lose right now, will gonna win tomorrow as well.

[Renampun]

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?

In the investment world, high-risk investments always provide much greater profits...

Cryptocurrencies are high-risk investment assets, Bitcoin price volatility is an example. I personally am very ready for the changes that will continue to occur in the price of Bitcoin, there is no reason for me to be afraid of its price volatility. today Bitcoin might be worth $1 but tomorrow it might be worth $1 million.

[davis196]

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?

Not "everyone" is anxious.The crypto newbies are the anxious ones.
If you can't handle price volatility,just leave the cryptocurrency markets and go trade stocks and bonds.
The negative FUD news just come and go.Bitcoin is here to stay.
We are holding BTC or ethereum for the sake of making long term profits.By "long term" I really mean long term,probably after several years,not the next week or next month.
Crypto is not for the gamblers.If you gamble,you lose.

[AniviaBtc]

Bitcoin is profitable and we should study it in order for us to understand how it works and how it can help an individual financially.

It can really secure our future when you think about your own financial stability in the next few years as we all know that it is volatile.

I own bitcoin since 2016 and it is really a good thing for me and changed my life.

[aoluain]

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?

Not "everyone" is anxious.The crypto newbies are the anxious ones.
If you can't handle price volatility,just leave the cryptocurrency markets and go trade stocks and bonds.
The negative FUD news just come and go.Bitcoin is here to stay.
We are holding BTC or ethereum for the sake of making long term profits.By "long term" I really mean long term,probably after several years,not the next week or next month.
Crypto is not for the gamblers.If you gamble,you lose.

The only anxious ones are the newbies of 2021. They should realise if they are
planning to HODL, they need to be looking at a long game and not panicking because
of the short term.

Bitcoin is still approximately 3 times higher than it was 12 months ago and approximately
50% lower than it was 3 months ago, as they saying goes "Zoom Out"

[DapanasFruit]

Recently everyone is very anxious, the market from time to time falls...

Bitcoin's volatility is not something new...well maybe it can be new to newbies but for us who have with the coin for the past two years at least we are already accustomed to its rise and fall...and we certainly know how to deal with it emotionally. I am not actually anxious if Bitcoin is dipping I just smile and hope that soon it can be back up high. Bitcoin will not be that popular without its volatility. People will never be investing with Bitcoin if its price will be as flat as a stablecoin. And if one is willing to see Bitcoin go up and reach a new ATH, one has to endure its usual dips and that is what is happening right now. So there is no point to be actually anxious that is just a big waste of time and emotion.

[ziennakarishma21]

Compared to holding coins that have no concept of long-term and solidity like BTC, they think that holding BTC coins seems more hopeful with many other coins and in the future profitable that BTC does not bring small for so it can be said that BTC is a currency that many people hope and trust to keep it.