What are common arguments for Bitcoin?

[Silberman]

Will this makes me rich?

That's what the newbies think of bitcoin especially those who do not have enough knowledge on it.
Ponzi schemes do exist and they are using the popularity of bitcoin by offering investments with good offers and when the investors heard of bitcoin, they are usually misleading on what bitcoin is, so they'll invest and think bitcoin is a guaranteed profit while in reality, they invest on the Ponzi scheme itself.

I think what's needed is for people to learn the basics of crypto, understanding it will reduce the risk.

What happens is that newbies have false expectations about what they can get out of this market, and when people like us tell them they are mistaken they do not want to listen as how else will they become rich with their small capital? So they keep looking until someone offers them what they want to hear, unfortunately the only ones that can do that are scammers and despite our warnings they decide to go ahead and invest anyway, then when they are scammed they blame bitcoin when it was their own ignorance and their inability to listen which were the main reasons for their tragedy.

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[witcher_sense]

New investors should know that Bitcoin is affected by supply and demand, and although investing in Bitcoin is very profitable, it involves risks and this is due to sharp and sudden movements in Bitcoin prices, so you have to invest an additional amount away from your capital because in a jiffy you may lose your money, They must know that investing in Bitcoin doesn't achieve quick and easy profit within days or months.

In my opinion, the price of bitcoin is mostly affected by the fluctuations in demand rather than changes in the supply it. Bitcoin's supply remains relatively stable for three reasons. First of all, its total supply is fixed and cannot be changed, which means no government or central bank can inflate it and reduce its purchasing power. Secondly, its production is algorithmically determined, the changes in demand will not influence the speed of minting coins. Thirdly, given the fact that bitcoin price is only appreciating, that disincentivizes current holders of bitcoin to sell their hoardings. The combination of these factors makes bitcoin a desirable investment, however, bitcoin is rather a savings technology than an investment. New investors should know that holding bitcoin is a more profitable strategy than the strategy of selling for the sake of short-term profits, because every time you sell your bitcoin, you, in effect, exchange superior money that gains value back to inferior that gradually loses value.

[suryana]

for myself when explaining bitcoin to my friends who are just starting out or even new to bitcoin. I always say this is an unlimited investment and high risk . You can profit so much and you can also lose. However, losses will still be manageable if you know how to manage them. What is clear is that what you invest is something you must be prepared to lose. Don't invest beyond your ability so that when you fail you can still grow.

[paxmao]

Will this makes me rich?

That's what the newbies think of bitcoin especially those who do not have enough knowledge on it.
Ponzi schemes do exist and they are using the popularity of bitcoin by offering investments with good offers and when the investors heard of bitcoin, they are usually misleading on what bitcoin is, so they'll invest and think bitcoin is a guaranteed profit while in reality, they invest on the Ponzi scheme itself.

I think what's needed is for people to learn the basics of crypto, understanding it will reduce the risk.

What happens is that newbies have false expectations about what they can get out of this market, and when people like us tell them they are mistaken they do not want to listen as how else will they become rich with their small capital? So they keep looking until someone offers them what they want to hear, unfortunately the only ones that can do that are scammers and despite our warnings they decide to go ahead and invest anyway, then when they are scammed they blame bitcoin when it was their own ignorance and their inability to listen which were the main reasons for their tragedy.

It takes a while to understand things, and the problem of not understanding is that you would not have confidence in what you are doing and the first downturn will simply kill you unrealistic expectations of a gold paved road that is always higher and higher and led you to sell. The problem with many newbies is that they are also so in life and in investing and just do not understand patience in investing.

[Quidat]

Will this makes me rich?

That's what the newbies think of bitcoin especially those who do not have enough knowledge on it.
Ponzi schemes do exist and they are using the popularity of bitcoin by offering investments with good offers and when the investors heard of bitcoin, they are usually misleading on what bitcoin is, so they'll invest and think bitcoin is a guaranteed profit while in reality, they invest on the Ponzi scheme itself.

I think what's needed is for people to learn the basics of crypto, understanding it will reduce the risk.

What happens is that newbies have false expectations about what they can get out of this market, and when people like us tell them they are mistaken they do not want to listen as how else will they become rich with their small capital? So they keep looking until someone offers them what they want to hear, unfortunately the only ones that can do that are scammers and despite our warnings they decide to go ahead and invest anyway, then when they are scammed they blame bitcoin when it was their own ignorance and their inability to listen which were the main reasons for their tragedy.

It takes a while to understand things, and the problem of not understanding is that you would not have confidence in what you are doing and the first downturn will simply kill you unrealistic expectations of a gold paved road that is always higher and higher and led you to sell. The problem with many newbies is that they are also so in life and in investing and just do not understand patience in investing.

You wouldnt really make yourself improved in terms of financial aspect if you arent really that sensible towards your actions and if you do really make yourself stayed up blind then you
wont really be having the opportunity to learn up something on your way.You wouldnt progress if you dont do your part in terms of researching and analyzing things up.
There are people who are really just too lazy on learning something new and just decide to stay up on where you are right now and doesnt tend to improve up.

[Rengga Jati]

Well, here are from me:
1. Bitcoin will not make you richer overnight like other people that you are thinking about, they are struggling every day and every night exactly.
2. Bitcoin is very volatile and risky, so be careful, smart, and wise
3. Learn at first about the positive and negative sides of cryptocurrencies, especially Bitcoin before investing because knowledge is very important
4. DOn't only invest based on hype or following other people, you must do it because you already understand and are ready for it.
5. Never trust anyone, keep and save your private key and other important data
6. Never trust everyone who said that they will multiply your money in Bitcoin in a short time and make you rich soon, that is exactly scammer
7. Don't try to trade both in the Spot market and Future market before you are ready enough for this.

There are some others and other members are also explaiing.

[Fatunad]

What should new investors know about Bitcoin?

Wont really be that a hard thing if you do just do your job on making some research then knowing even with the basics would really be enough.
Common arguments?
1. Volatility
2. Regulation
3. Fuds and Fomo
4. Scams and frauds
5. Adoption

These are issues which you should really be aware of on the time you do make out
crypto investments.

[Finestream]

What should new investors know about Bitcoin?

Wont really be that a hard thing if you do just do your job on making some research then knowing even with the basics would really be enough.
Common arguments?
1. Volatility
2. Regulation
3. Fuds and Fomo
4. Scams and frauds
5. Adoption

These are issues which you should really be aware of on the time you do make out
crypto investments.

Of course, every investor who comes with the goal is profit, so they must also know the risks and rewards associated with volatility. after they know of course they will learn like what you have mentioned above, so they don't slip into gambling, which will only lead to disappointment in the end

If you're a newbie in this crypto market, you will probably think that bitcoin offers huge profits and can make you instantly rich. But bitcoin is not as easy as that. There are risks that you have to deal and manage it wisely. Because if you are just here for profits alone, you will not last long in this market. You have to know first bitcoin well and learn to value it so you will attract good profits in return.

Bitcoin is not just profits alone. Somehow, we should also learn to utilize it so that its adoption will also increase and could lead to a more massive adoption in the future.

[perfect999]

Of course, every investor who comes with the goal is profit, so they must also know the risks and rewards associated with volatility. after they know of course they will learn like what you have mentioned above, so they don't slip into gambling, which will only lead to disappointment in the end

Funny how the same volatility is the reason why a lot of you are making profit from the market. You do know that if there was no volatility and the market was as stable as the fiat currency, it wouldn’t draw much attention as it did and most people that got rich through this wouldn’t be that rich by now.

In the case of volatility, if you can learn to have patience, and also invest what you can be able to hold for a long term (unless you’re a day trader), then volatility wouldn’t be that much of a problem, because we know that cryptocurrency, especially bitcoin, is profitable on a long term.

[tbterryboy]

What should new investors know about Bitcoin?

All the basic characteristics of bitcoin like how bitcoin is different from our traditional currencies and how bitcoin is an alternate to gold. When people start paying attention about bitcoin then definitely they will come forward to adopt it because this is how I got into bitcoin some years back. The only problem for new investors is they never know anything about bitcoin which is the reason they are not yet adopting it; once become knowing about bitcoin then they will start investing by realizing its real potential.

[The Cryptovator]

The answer will be pretty same as like others. First of all, investors should know that Bitcoin is not something like a quick rice scheme, and the second thing is investors should well aware of Bitcoin Technology. It is quite important to know how Bitcoin works. I believe most of the big investors are well aware of Bitcoin Technology, but the real concern about small and investors like us those are a newbie. They really don't know about Bitcoin technology and how it works and just jump into Bitcoin to make a quick profit. But sometimes it leads to regret.

[Kasabus]

What should new investors know about Bitcoin?

All the basic characteristics of bitcoin like how bitcoin is different from our traditional currencies and how bitcoin is an alternate to gold. When people start paying attention about bitcoin then definitely they will come forward to adopt it because this is how I got into bitcoin some years back. The only problem for new investors is they never know anything about bitcoin which is the reason they are not yet adopting it; once become knowing about bitcoin then they will start investing by realizing its real potential.

I admit even myself, i don't see any sense investing in bitcoin because its not being seen physically, and its always involved in scams concerning crypto. But when i realized the value of bitcoin because of its high potentials and how it become so profitable to any investor's life, then i start taking the risk. Not totally with adoption because its not yet adopted as a currency in my country.

However, until now, the heresay that most newbies believed that bitcoin is a rich quick scheme, is still not gone, not unless he realizes that bitcoin is not as easy as that. Bitcoin has more risks compared to any other investments, so its not surprising that its profits are definitely huge too compared to others.

[Zilon]

For a start a new investor should understand what they are about to embark on why they should embark on it and the risk involved. To help explain this better I will start by highlighting that Bitcoin came to tackle the issue of trust between members of a given network with the aim to improve on the traditional monetary forms. And that it exist on a p2p decentralized system which provides a digital ledger that is immutable and devoid of central regularization. But it's only limitations is that it's a very volatile and unstable crypto currency which can serve both as a currency or an asset

[el kaka22]

If you're a newbie in this crypto market, you will probably think that bitcoin offers huge profits and can make you instantly rich. But bitcoin is not as easy as that. There are risks that you have to deal and manage it wisely. Because if you are just here for profits alone, you will not last long in this market. You have to know first bitcoin well and learn to value it so you will attract good profits in return.

Bitcoin is not just profits alone. Somehow, we should also learn to utilize it so that its adoption will also increase and could lead to a more massive adoption in the future.

Unfortunately there are too many newbies that think that they could get rich overnight and that's not going to end anytime soon, we are going to face stuff like that for a long time, I believe that we should not be seeing it like that, and I have been seeing crypto as a retirement plan. Stock market doesn't make you rich overnight neither, and people still invest trillions of dollars into it, and they are making money overall in the long run. I think if you invest into good crypto currencies (not horrible BSV type of stuff) then you could literally make a wealth from it by the time you retire, unless you are 60 years old right now already.

I have to say that we are in a situation where we are basically having something like 20-30 years to retire and that would be enough for me to make a good return and become wealthy and then I would be able to retire at age 60 and be rich enough to not work after that age.

[rugrats]

What should new investors know about Bitcoin?

BTC is a non-holdable digital currency that is risky, extremely volatile, and can even lead to capital loss if investors are not looking for information. It is important for investors to know the situation of cryptocurrencies in their country before deciding to invest and withdraw some money. But many of those who are entering the market for the first time are still expect bitcoin to grow like previous years and give them a life change. profits, and while it is clear that bitcoin will still increase in value, we cannot determine what BTC will one day look like.

[Botnake]

Of course, every investor who comes with the goal is profit, so they must also know the risks and rewards associated with volatility. after they know of course they will learn like what you have mentioned above, so they don't slip into gambling, which will only lead to disappointment in the end

Funny how the same volatility is the reason why a lot of you are making profit from the market. You do know that if there was no volatility and the market was as stable as the fiat currency, it wouldn’t draw much attention as it did and most people that got rich through this wouldn’t be that rich by now.

In the case of volatility, if you can learn to have patience, and also invest what you can be able to hold for a long term (unless you’re a day trader), then volatility wouldn’t be that much of a problem, because we know that cryptocurrency, especially bitcoin, is profitable on a long term.

I think volatility is a big factor that if newbies will invest in crypto, they might fear it knowing that it could make them gain huge profits if they are wise enough, or lose a huge amount of capital. But not knowing that volatility alone is what makes all investors in crypto particularly with bitcoin to last long in the market. Maybe volatility can be a barrier from government's adoption, but when it comes to crypto, volatility is the reason why new investors keep coming in the market.

[Semar Mesem]

Most who don't like and oppose bitcoin are afraid of being used for illegal transactions such as drugs, buying weapons and money laundering crimes, of course this is an argument that we often hear from bitcoin negative campaigns that have banned bitcoin in many countries.

[AndySt]

What should new investors know about Bitcoin?

BTC is a non-holdable digital currency that is risky, extremely volatile, and can even lead to capital loss if investors are not looking for information. It is important for investors to know the situation of cryptocurrencies in their country before deciding to invest and withdraw some money. But many of those who are entering the market for the first time are still expect bitcoin to grow like previous years and give them a life change. profits, and while it is clear that bitcoin will still increase in value, we cannot determine what BTC will one day look like.

All this is inherent in the very nature of bitcoin and that is why bitcoin is so popular among investors. Investors, of course, expect further growth of bitcoin, but no one will be surprised if there is a collapse before this, because a rich historical experience has already accumulated on this occasion. The most important thing that a new investor should know is to know about a much greater risk when investing compared to the traditional market with a much lower entry threshold. The rest all follows from the above. It is also strongly recommended not to invest the entire amount of investment in bitcoin, but to limit yourself to a part for understanding the situation and acquiring the necessary skills.

[breathlessz]

Most who don't like and oppose bitcoin are afraid of being used for illegal transactions such as drugs, buying weapons and money laundering crimes, of course this is an argument that we often hear from bitcoin negative campaigns that have banned bitcoin in many countries.

what forbids it is the government, and I think besides all that, bitcoin is decentralized, so it can't be controlled by the center, so they haven't been able to legalize it, but also don't prohibit the development of this era, and observe its development

[Hippocrypto]

What should new investors know about Bitcoin?

What investors should know is that Bitcoin is not a get-rich quick scheme, rather the purpose of this is to help you to have an income and sustain your daily needs. Although there are lots of investors became rich because of Bitcoin but it doesn't mean your like them, you need a lot of knowledge and be updated because it's best to study and know bitcoin further before becoming like them and especially you need to expect a lot of risks in it and learn through it.