Reasons why I prefer Bitcoin over any other assets and dips don't panic me....

[aysg76]

Bitcoin is not a new term to most of the investors or general public in whole and it's all over the news due to increase in prices,major companies making move to accept it as mode of payment or investing huge sums of money into it like Tesla with approximately 42k bitcoins and Microstrategy with 110k bitcoins in the balance sheet.We all know how much importance and recognition it has gained with time in the period of 13 years

Year          Price
2009         $0
2013         $200 (200x)
2017         $20k ( 100x)
2021          $68kATH(4.25x) Overall (68,000x)

Although we are at $49k at current

Have any other assest given you this much profits with holding them over all these years? The stock market was the only best option to people aside from gold but after the introduction of bitcoin people slowly and gradually became interested in Bitcoin and then whosoever came to know the decentralized, deflationary and secured system they put up the money into bitcoin.

Dollar devaluation

People fear when the bitcoin prices fell down but have they ever cared to notice how much the fiat they are holding for years like the legal cash which they earn as salary,spend them on various items, paying taxes has depreciated almost 70-80% of it's original value over this time and this is the case with most of the currencies over time.If your USD is strong compared to some other weak nations currencies it doesn't imply that inflation has not hit the same but the case is different for all nations and over time it will become value less or just piece of paper like in Vietnam there are one Million Bolivian dollar could not buy you toilet paper only so what's the holding of these currencies at last if not investing?



Gold devaluation

The fiat have gone too much down in the value and speaking of another safe heaven gold for people and have the top most priority of people's investment has not given any returns over past 10 years and moreover there is value depreciation of $4 for $1000 worth of gold investment so what's the fun of holding these gold bars in your bank locker which is shining metal only to show off to people only and not going to give you any returns for future guarantee?

I often see posts on the Internet from novice crypto investors: is it worth investing in bitcoin, because it is so expensive? It may be better to invest in stocks of well-known companies or in gold, because these investments seem to be more reliable. For such people, this picture will be a good motivation to choose Bitcoin as an investment.

Inflationary Financial Assets

You people invest in stock market and is the returns stable? NO there is volatility there also but some don't fear the same because it's regulated and you feel safe? Or you think the stock would pump again and funds will be restored with profits? So why not have the same approach for Bitcoin also which has given so much returns over all these years? I prefer because all other asset are not deflationary and you can't have $100 remaining $100 also after 5 years also so you need to invest it so why not make wise move and prefer bitcoin for the same reason you are investing in other financial assets?

Why not altcoins?

I would not go into much detail about the same as i have given it many times but to explain it in simple way here is illustration for you all :

So if you understand the market and want to safeguard yourself from all of these problems then BTC is the best option for you.Few understand it fast rest late but soon you understand the better it will be for you.


I am proud btc holder and these are the reasons why dips don't panic me and I am not afraid of because all other investment have already been screwed up already by the government policies and all that same stuff but btc is hope to me personally that shows some bright future ahead free from worries if I manage to HODL for all these years and I will surely do that.Do you guys have any other options?

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[Daniel91]

I agree with you in principle.
The rise in the price of btc in these 10 years has been truly amazing and whoever was smart enough to just hodl it and not sell it could already make a lot of money.
It is very difficult to predict the future but I have a feeling that in the long run btc will continue to grow and in a period of about 5 years may reach a magical level of 1M $.
However, I do not recommend betting only on btc or cryptocurrencies, because there is always a risk, and I think there are also very good earning opportunities in real business.
Personally, I have invested part of the earned cryptocurrencies in a very promising business start up related to the development of new technologies, with the expected growth of up to 20 times.
I expect good results from all my investments 

[Upgrade00]

So if you understand the market and want to safeguard yourself from all of these problems then BTC is the best option for you.Few understand it fast rest late but soon you understand the better it will be for you.

Bitcoin does solve a lot of problems in our current society due to how the network is built and the features, and those who have learnt of it now are the early adopters, cause they joined before six figures.
In my opinion, the price someone bought in at does not matter much, as you will still be able to access all the features.
However, regardless of how promising bitcoin is and how high its value can get, we should also consider the risks involved and how bitcoin as a currency cannot survive alone without alternative currencies (fiat). And storing all your funds in bitcoin is not feasible as it is not universally accepted and transactions are not instant.

[pawanjain]

For the most of us bitcoin was the reason we came to know about cryptocurrencies and became the part of the crypto community.
After all these years and thousands of cryptocurrencies launching every year we can conclude that so far bitcoin is the best cryptocurrency.
Surviving all the dumps and bouncing back stronger has become a thing for bitcoin and has helped all of us secure great profits holding bitcoin.
But as they say we should not put all our eggs in one basket. While bitcoin is the best coin we should also explore other projects and hold some potential altcoins.
Diversification is a good strategy and we cannot really be sure if bitcoin can keep growing like this forever.
At some point it has to fall back and some other coin might give out better returns.

[galambo]

However, regardless of how promising bitcoin is and how high its value can get, we should also consider the risks involved and how bitcoin as a currency cannot survive alone without alternative currencies (fiat). And storing all your funds in bitcoin is not feasible as it is not universally accepted and transactions are not instant.

That's very unfortunate but true. Btc still need fiat i.e. usd for measuring its value. We still say 1 btc is 50k usd. Btc is very much popular in its community but its adoption at mass level is still very slow. Gold is old and matured market as compared to crypto or any other trading market, thats why it has more investment. Crypto is progressing but its a long journey.

[tranthidung]

Purchasing power of the US. dollar (more details to read)
If you look at price in Yearly Lowest price, that will eliminate ups & downs and gives you better overview on what happen over years. Tell me, what do you see? Bullish or bearish?
40% of US. dollar in circulation was printed in last 2 years. It is good evidence to wipe out all belief in fiat system?

[o_e_l_e_o]

Therefore, I would not recommend using it even as a means of payment, for example, paying them for food or some goods, such as a computer or a VPN-subscription, otherwise FOMO will overtake you. When another 10 years have passed and you will calculate how much your payment for the same computer or VPN-subscription now cost. It will be like that story about pizza. Bitcoin is about accumulation, the more you accumulate, the more profit you get.

I have to disagree with you here. Bitcoin is about being a currency. Yes, everyone wants the price gains and everyone wants to accumulate more, but bitcoin is first and foremost a currency. If no one ever used it as a currency, then we wouldn't be where we are today. Sure, if I had never spent a single satoshi then my bitcoin stack would be bigger than it is now, but I'm happy that every satoshi I've spent has helped to grow the bitcoin ecosystem and lead to further adoption, and I'm happy that I've had several years of financial autonomy, holding my own money securely, and not requiring any approval from any third party to spend my own money where I want and when I want. Even Laszlo Hanyecz has said he has no regrets spending 10,000 bitcoin on two pizzas.

And storing all your funds in bitcoin is not feasible as it is not universally accepted and transactions are not instant.

The only transaction which is instant is physical cash traded face to face. Every other fiat method is slower than bitcoin.

But as they say we should not put all our eggs in one basket. While bitcoin is the best coin we should also explore other projects and hold some potential altcoins.
Diversification is a good strategy and we cannot really be sure if bitcoin can keep growing like this forever.

Diversification means putting money in to different sectors, such as stocks, bonds, commodities, property, etc., that aren't intrinsically linked to one another. It does not mean buying a bunch of shitcoins which if bitcoin dumps, they all dump even harder. That does absolutely nothing to reduce the risk of your portfolio.

[Upgrade00]

Perhaps, in the early stages, bitcoin grew and was popularized due to the fact that people used it as a currency, and not as a speculative instrument, I will not argue.

I would actually say the opposite; there are more ways to spend bitcoin now as a currency now than there was ten or so years ago due to emergence of more merchants and projects such as lightening network.

But now the value of bitcoin is growing due to the fact that more and more various IRL spheres and companies support bitcoin. But this does not mean that the more companies support it, the more often Bitcoin is used as a means of payment, otherwise we would not see a constant outflow from the circulating supply, and, consequently, the price increase.

So many factors affect the volatility of bitcoin, that it would be impossible to pinpoint just one, but the most salient imo, should be the features it was built with, which attracts companies and individuals.

[o_e_l_e_o]

-snip-

I don't necessarily think you are wrong, but we simply don't have the data or statistics to say one way or another if bitcoin is predominantly being used for speculation, spending, or whatever. I'm certainly not disagreeing that large numbers of people have never used bitcoin as a currency and only use it as an asset, speculation, store of value, trading, whatever, but I am disagreeing when you say you that you would not recommend using it as a currency. If nobody used bitcoin as a currency, then it would have no inherent value and we would be nowhere near the price point in fiat that we are today. Using it as a currency is the only thing which encourages it adoption, spread, and growth. Without its use as a currency, then all you have are people trading a useless asset back and forth, which cannot be used for anything other than being traded back and forth, not dissimilar to 99% of the shitcoins currently in existence.

Yes, many large companies buy and hold bitcoin solely as an asset, but at the end of the day it is people using bitcoin to buy goods and services which gives it real value.

[AakZaki]

holding BTC is the most appropriate choice for the long term. BTC remains the king of coins, even though many altcoins have sprung up and are starting to give their portfolios that they can rival bitcoin. But bitcoin is still Bitcoin, nothing compares to it. Altcoins have a lot of scam coins and don't last long. Altcoins are just a pump and dump tool.
I have also been a Bitcoin holder for the last few years and it has been very satisfying.
Bitcoin is still a new digital asset that can shake the world with a very drastic increase.

[dkbit98]

It's interesting to see that people who invested in gold ten years ago lost most money compared to all other assets, and that is even worse if we know that dollar lost it's value.
Bitcoin is probably the best thing you can have in times of hyperinflation and I am expecting to see even bigger price changes in future.
I am not worried about any drops in price and I think that I become fairly resistant to pain related with Bitcoin dips

[hatshepsut93]

It's not fair to compare Bitcoin with stocks, since Bitcoin started from $0 while stocks had some initial value, and also using single timeframe for all assets. Because you can just as easily take a shitcoin that pumped like crazy a month ago and say that it outperformed Bitcoin by x100 times, so it's a better asset.

Bitcoin is a good investment because it has strong fundamentals - its network, its community, the codebase, innovation; not because it showed great performance in the past.

[DaveF]

It's interesting to see that people who invested in gold ten years ago lost most money compared to all other assets, and that is even worse if we know that dollar lost it's value.
Bitcoin is probably the best thing you can have in times of hyperinflation and I am expecting to see even bigger price changes in future.
I am not worried about any drops in price and I think that I become fairly resistant to pain related with Bitcoin dips

Gold has NEVER been a good investment. If you are looking at commodities in general or even just for holding something at home to "trade in case of the end of the world"
But, people know what it is and you have the hucksters on TV pushing it to a certain segment of the population so it keeps moving sideways.

As for BTC ups and downs. Yeah, it does that. If you can't take the dips get off the rollercoaster.
If you stay on, it's going to be a fun ride.

-Dave

[dkbit98]

Gold has NEVER been a good investment.

This is not really the case if we look at whole human history.
Gold is holding it's value for ages and every country still have big gold reserves, some even forced took gold from their own citizens like United States, and made it illegal for people to hold gold (same could happen with BTC).
I think that gold price in recent times is held down artificially and gold has many use cases in real world, but I think that Bitcoin has other advantages compared to gold.

[romero121]

One who've made good profit out of bitcoin will never think of any other assets for investment. It is all because of the trust it gained over the short term. In ten years time, the market have progressed and has reached a new position. This won't happen with any traditional way of investment. Another thing, the adoption level and acceptance on real life needs have been constantly increasing with time. This is more important for real growth than a push or some form of manipulated growth.

[TimeTeller]

One who've made good profit out of bitcoin will never think of any other assets for investment. It is all because of the trust it gained over the short term. In ten years time, the market have progressed and has reached a new position. This won't happen with any traditional way of investment. Another thing, the adoption level and acceptance on real life needs have been constantly increasing with time. This is more important for real growth than a push or some form of manipulated growth.

Alts come and go but we have seen how btc survive and achieve new ATHs throughout the years.
This is why it is understandable if some crypto users are all in with bitcoin.
And up until now, the first crypto that anyone will recognize is bitcoin, and so with noncrypto users.
So if someone has gone all the ups and downs with btc, he pretty sure knows how to handle his satoshis.

[Haunebu]

I partially agree with you op. There are pros and cons associated with all the assets that you listed.

The truth is that FIAT currencies like USD, EUR etc will always be more reliable in the short-term and long-term when compared to cryptocurrencies like BTC, ETH, LTC etc due to reasons like volatility, historical advantage etc.

Personally, I prefer BTC and other popular cryptocurrencies over other assets even though they are less reliable. Why? Because of the ability to conduct financial transactions online without any sort of government interference in a decentralised manner.

[DaveF]

Gold has NEVER been a good investment.

This is not really the case if we look at whole human history.
Gold is holding it's value for ages and every country still have big gold reserves, some even forced took gold from their own citizens like United States, and made it illegal for people to hold gold (same could happen with BTC).
I think that gold price in recent times is held down artificially and gold has many use cases in real world, but I think that Bitcoin has other advantages compared to gold.

How about gold has not been a good investment for a really long time.
Yes you can pick 2 specific points in time and say look gold was a good deal if you bought here and sold here.
However, overall there are many investment products that have had consistent better returns.
There are also many investments that are worse.

-Dave

[muratsink]

buying bitcoin means that we have invested the same as we buy assets or other shaped things.so with all the risks that exist it is not an obstacle because every investment certainly has its own risks such as bitcoin, for example, of course also has a low price when the price of bitcoin drastic decline maybe this is what is called an investment where we can not always get profits.but bitcoin investments are long-term and and experience a phase of ups and downs in bitcoin prices.panic itself usually occurs among beginners who do not know what if bitcoin goes down and also when bitcoin

[nullama]

With Bitcoin it's always a good idea to zoom out.

Here's a handy graph that shows how many sats you can buy with $1 over time

You can clearly see the purchasing power of the USD going down over the years. You can buy less and less Bitcoin with your USD over time.

In terms of hodling Bitcoin, again having a long term mindset helps a lot. This site shows the current hodl line, which is at 3 years, 4 months and 4 days

In the entire history of Bitcoin, if you hodled for at least that amount of time, it doesn't matter when you bought Bitcoin, you did not lose purchasing power. That's incredible, really.

So, at the bare minimum, people should have a minimum hodl mentality of about 3.5 years, which almost matches perfectly with the roughly 4 years for the next halvening.

Looking at all this information, reading how Bitcoin was created, etc, I really don't care about the short term price fluctuations. I can confidently keep stacking sats, for decades.