What are common arguments for Bitcoin?

[MNbag]

What should new investors know about Bitcoin?

[1714475083]

1714475083

[maju69]

Freedom in owning financial assets, no government interference, no need to think about taxes for your Bitcoin holdings, high volatility for higher profits and of course a long future for profits. Regardless of the risk you describe yourself as listed. Because all have risks based on the profits that can be obtained. But investing in Bitcoin has a difference that is far more profitable than investing in stocks.

[Upgrade00]

Autonomy. This Ideally means that new investors should do their own research and decide what qualities in Bitcoin makes them want to invest in it. There are quite a number or arguments supporting Bitcoin, with counter arguments against it, so it's up to an investor to decide.

no need to think about taxes for your Bitcoin holdings,

Depending on your country,nyou could be required to include Bitcoin in your tax declaration and pay tax on profits.
Government interference would depend on your usage of Bitcoin, if you store it on a regulated platform, the gov't can easily interfer with it.

[batang_bitcoin]

What should new investors know about Bitcoin?

Volatility. The new investors might be encouraged by early investors and think that it's an easy investment that they've just held for a long time and made a profit. They should understand and no need for any argument about it since it's the main description of bitcoin.
And as they invest to bitcoin, it's not an overnight success for everyone that they're going to be rich. It is what we say to those new investors that are very optimistic about it because they might think about a quick run of success having it.

[dothebeats]

New investors should know that bitcoin isn't a get-rich-quick scheme like other videos, write-ups, and articles are portraying. It is extremely volatile and may even lead to loss of capital if investors did not do their own research about the matter. It is also crucial for investors to know the situation of cryptocurrencies in their countries before deciding to invest and shelling out some money, as there are countries wherein the use, purchase, and trading of bitcoin is frowned upon and can sometimes lead to imprisonment.

[Silberman]

What should new investors know about Bitcoin?

Probably the most important thing investors need to do is to acknowledge the current circumstances of the market, many of those that are coming to the market for the first time are still expecting for bitcoin to move as it did years ago and give them life-changing profits, and while it is obvious that bitcoin will still go up in value it is unrealistic to think that bitcoin will have the same performance it had back then, so as long as they understand this fact and accept they will not need to take huge risks then they will be fine, as they will not put themselves at risk to lose too much of their capital too quickly.

[Reid]

My first reaction when asked is a smile. But during the explanation, I tend to always be careful with everything that will come out of my mouth.
Why? Just one mistake could lead to a large misinterpretation of what Bitcoin really is.
Also, I try to maximize the time of explaining it is not a kind of investment just like what others thought it is, "the quick rich" idea.
There is always a high risk with any high-profit investment and they should be ready with it.
When your clear on that, I am sure they won't just jump and buy it and instead they will try to learn more.

[bitzizzix]

What investors should know is that bitcoin is not a get-rich-quick scheme, rather the purpose of bitcoin is to prevent you from becoming poor slowly but surely over time due to the weaknesses of the current monetary and financial system.
Although many investors become rich because of bitcoin, it doesn't mean you will be like him, it's best to study and get to know bitcoin further before doing it and learn the risks that will come if it doesn't live up to expectations .
and besides that, not a few investors give up because they are losing money and there are also those who get profits beyond expectations and it all depends on who uses it, and don't just follow trends or follow along if you don't have insight and knowledge and a strong mentality.

[lovesmayfamilis]

Counter-question. Who do you call a new investor? There are several types of investors. People with investment experience and people who decided to invest their money for the first time.
Experienced investors are also different. Some have good self-control and their investments can be called passive. Also, such people most often have a lot of capital, they know how to properly dispose of it. Even investing in bitcoin, these investors will not take risks without some knowledge. Naturally, when investing, there should be no superficial knowledge.
If we talk about ordinary people who want to increase their assets at the expense of bitcoin, the rule of information literacy applies here. Just like that, without knowing the little things, there is a high probability of collapse.
I think that asking about what to know about bitcoin in one small topic is too narrow. Since the more you know about him, the more confidently you trust him with your money.

[Ucy]

What should new investors know about Bitcoin?

It's simply a decentralized Global Network/System with a main Currency called Bitcoin, and is made of people spread across the world who value transparency, privacy, honesty to be able to transact and make decisions together.
The Network Currency is called Bitcoin, and the Network/System is called Bitcoin Network. Certain People simply refer to the Bitcoin Network/System and the Currency as Bitcoin


The Network is built to give participants/users control over their bitcoins/assets/data, take part in full network consensus, transact with any participant in any country in the world, protect users privacy, secure users data/assets etc

[hannahB4]

Bitcoin is just like other investments and with its pros and cons and I would say you should be ready for a long-term investment if you ever think of holding Bitcoin. You should be aware of the volatile nature so that you will not give your self heart attack when there is any correction in the market.

[kryptqnick]

What should new investors know about Bitcoin?

Apart from general knowledge of how Bitcoin works and what makes it different from fiat currencies and stock, it's important to get familiarized with local legislation on cryptocurrencies not to get in trouble. Investors should also be extra careful, learning the difference between keeping coins on an exchange and in, say, Electrum wallet. They should also pay more attention to security in general, being aware of phishing websites that can look exactly like the original and only have some differences in the web address. Also, if you send your coins to a wrong address, you can't get them back in any way, so double-checking it is crucial.

[izsara]

what is certain here you have to know that investing here is not an instant thing and not necessarily when you are here in a short time you will become rich.
why something like this should be emphasized because basically beginners are usually too excited in bitcoin investment because they think it can make you rich instantly but the concept in the field is not like that and requires patience for it.
other than that maybe you have to have a lot of patience because this is a long-term investment and is not affected by anything because beginners usually panic too much when they are in a correction and decline

[fiulpro]

What should new investors know about Bitcoin?

For new investors I do think it is really important, to understand the fact that, cryptocurrencies like bitcoins is not safe heavens, the Volatility makes it a lot harder to control when you are involved in day trading, therefore you don't just have to keep a track of the market but you have to understand that it takes a lot of experience as well.

For beginners, it's really a good idea to invest, hold and go onto the trading slowly! Plus another thing, one has to be confident!! Having confidence in your investment is a big thing. Most people panic sell, which makes it harder for them to hold investments in the future as well. One should not buy during a bullish/bearish run, sometimes that might end bad.

Keeping track of the market everyday and being active on the forum have always helped me a big way!! Plus if you do have any questions you should never be afraid to ask people who are involved with Bitcoins and cryptocurrencies since a long time, I remember my campaign manager helped me set up a good segWit wallet back in 2019 I think, helped me learn a lot as well. Ask if you are not sure of anything.

I think everything else you learn along the way.

[carter34]

As a new investor you have to know it that nothing stays up forever . You will understand that higher price today and lower price tomorrow maybe a longer time like 2018 to 2020 but don't lose your hope to dump take example of Ist quarter of 2020 to this 2021. Give sometime for your investment in bitcoin to grow higher.

[uneng]

What should new investors know about Bitcoin?

Investors must know the risks, advantages, disadvantages, potential returns when dealing with bitcoin and the difference between a long term and short term investment. Aware of these points and through practice acquired sending, receiving transactions, an investor can engage himself in this ecosystem in a responsible way.

Technical knowledge isn't needed at first point, as it comes with time if the investor has a natural tendency for that field of learnship.

I think it's important to make bitcoin usage and adoption easiest as possible, so even uneducated people can use crypto currency and also increase their life standards through the benefits they will have access to. A good argument for bitcoin would be: it's simple as dealing with fiat currencies.

[ChiBitCTy]

There are a whole bunch of different arguments of course, but one of my favorites is that "bitcion is not backed by anything, therefore it has no real value".  Well the United States dollar, which is the worlds reserve currency, is also backed by absolutely NOTHING other than the "good faith of the United States government".  Value is based off the majority of peoples perception of something, so yes, it does have real value.

[el kaka22]

I guess that the biggest "pro" for bitcoin is that in the long term you are beating inflation and you are getting richer. Sure you could get rich very quickly in the crypto world but even if you do not, and even if you simply just hold bitcoin that usually means that you would be getting richer and faster than inflation as well. This way you will end up with something that would be making you wealthy by the time you retire.

The most common "negative" is the fact that since it is decentralized there is technically no possible way of knowing if it will be zero or not, technically speaking it could be zero, as long as we all start to sell suddenly, it will reach to zero one day, but the same logic means we could have it a million dollars as well which is why I do not worry about it. I would guess that anyone who wants to buy, will find a reason, anyone who wants to sell, will find a reason too.

[palle11]

There are a whole bunch of different arguments of course, but one of my favorites is that "bitcion is not backed by anything, therefore it has no real value".  Well the United States dollar, which is the worlds reserve currency, is also backed by absolutely NOTHING other than the "good faith of the United States government".  Value is based off the majority of peoples perception of something, so yes, it does have real value.

I do understand your argument here on bitcoin but that US dollar or any other fiat currency is not backed by nothing is not debatable. Fiat is backed not only with people's acceptance but by these factors,

1. Legislation that makes it legal tender.
2. Regulation and control of it use. You can't use fiat just anyway you like by degrading the national identity.
3. It is placed on value whether the fiat is devalued or not.
4. Rejection of it use is a crime against the state.

These factors are general to fiat not only US dollar.

[Hydrogen]

What should new investors know about Bitcoin?

#1  Inflation protected asset (The most accessible and easy to store inflation protected asset for poverty to middle class earners, in the world)
#2  Deflationary (Bitcoin's historical price chart could trend towards the opposite of inflationary assets a la fiat currency)
#3  Trust less design paradigm (Elimination of middle men and physical locations, gives it an intrinsic advantage over banks and traditional financial institutions in moving and storing wealth)
#4  Open Public Ledger (Its transparent design is intended to cut down on money laundering, crime, exploitation and abuse)
#5  Bitcoin Mining Funds Renewable Energy (Most bitcoin mining is powered by surplus hydroelectric or wind energy, which funds further expansion of energy sectors friendly to the environment)
#6  Caters to unbanked demographics (Billions of the unbanked worldwide who could not qualify for a bank account, use bitcoin to conduct transactions and store wealth)


There are many other arguments for BTC I tried to cover a few of the most obvious ones.