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

[ChiBitCTy]

You’re missing a big fact here and that is bitcoin is not the same thing as these other investments tents that you’re comparing it. Many stock market products are much less volatile then bitcoin as well. These are investments that are backed by businesses, which bitcoin is not. Completely different things that you’re trying to compare here. 

[Botnake]

Regarding the benefits you get from holding bitcoin and why we usually prefer holding bitcoin instead of holding altcoins for me the most important thing is I know what I buy and what I hold because we know bitcoin and we know how it's working but whenever you are talking about any altcoin there is usually an unclear whitepaper full of lie and most of the assets are being controlled by the owners directly or indirectly which is dangerous and this can be the reason of price manipulation. Generally, I prefer bitcoin because I trust it and there is much more market cap compared to altcoins which make bitcoin safer than altcoins. 

Investors have moved in into bitcoin because there are clear profits that are increasing every year due to bitcoin's price that is always appreciating in value. Aside from having a higher market cap, bitcoins have more guarantees too that they will always recover from all dips compared to altcoins that some are even losing their value and end up as dead coins. Even in my own personal view, bitcoin has higher advantage to other cryptos or stocks market so i don't have to panic in times correction or bearish season hits the market because bitcoin price is still higher than any other investments.

[dezoel]

Before I came across Bitcoin, I wasn’t an investor. I was just leaving the normal life and had a job that I was doing without minding anything that has to do with investment or trading online. Although my dad used to be a forex trader, and part of his experience involved loss of money. I knew that,so those experience made me not to really have interest in investments and trading at all, because I knew the risk that are involved are much.

I do know that those risks are also in Bitcoin investment, but I have much confidence when I’m investing in Bitcoin then any other assets in the market anywhere. And over the years since I started investing in Bitcoin, I’ve been able to again a lot from it. I would say that it is one of the few things that I’ve tried which are really worth it.

[sherenikaw]

a good principle that investing in bitcoin is a profitable investment if we can handle it well. we know that the price of bitcoin from the appearance until now continues to soar even though the price goes up and down but in general the price continues to rise. so it can be expected that the price of bitcoin will continue to rise again in the next year. that's why now a lot of people are starting to invest in bitcoin because they are aware of the benefits that can be gained. but it also depends on how we can manage our bitcoin assets, the better we manage it, the bigger the profit that we can get.

[lalabotax]

Gold has NEVER been a good investment.

Bitcoin may be a better investment compared with Gold. But I don't think we must state Gold isn't a good investment. In fact, Gold is still one of the most favorite choices for a long-term investment. We can say it is a classic way of investing our funds. However Gold is one of the safest investments so far, the value doesn't decrease significantly as other assets. Sometimes, gold value is also increasing quite well as Bitcoin.

[24Kt]

a good principle that investing in bitcoin is a profitable investment if we can handle it well. we know that the price of bitcoin from the appearance until now continues to soar even though the price goes up and down but in general the price continues to rise. so it can be expected that the price of bitcoin will continue to rise again in the next year. that's why now a lot of people are starting to invest in bitcoin because they are aware of the benefits that can be gained. but it also depends on how we can manage our bitcoin assets, the better we manage it, the bigger the profit that we can get.

If someone is really paranoid with their bitcoin investments, what they can do is sell their btc when it reaches higher than their buying price and just use the profits for next btc investments. In that way, he already secured his initial investments. And he can play with the market using his profits. If he loses, that's not gonna hurt much as it is only profits, but if he gains more, that's very nice in your pocket.
Aside from that, some people are in panic mode if they used loaned money, so they are in tight position and their only goal is to earn positive in order to pay the debt. This is not advisable from my end. If you are going into crypto, better use your extra funds that will not affect your basic necessities in life.

[batang_bitcoin]

Bitcoin may be a better investment compared with Gold. But I don't think we must state Gold isn't a good investment. In fact, Gold is still one of the most favorite choices for a long-term investment. We can say it is a classic way of investing our funds. However Gold is one of the safest investments so far, the value doesn't decrease significantly as other assets. Sometimes, gold value is also increasing quite well as Bitcoin.

There's a debate towards gold and bitcoin's comparison. But if you go and see how much gold has gained over the years, you'll just be disappointed.
And if you're someone who's a gold investor and knew bitcoin long time ago, you shall say to yourself that you should've bought bitcoin when you knew it at lower price.

[Lanatsa]

a good principle that investing in bitcoin is a profitable investment if we can handle it well. we know that the price of bitcoin from the appearance until now continues to soar even though the price goes up and down but in general the price continues to rise. so it can be expected that the price of bitcoin will continue to rise again in the next year. that's why now a lot of people are starting to invest in bitcoin because they are aware of the benefits that can be gained. but it also depends on how we can manage our bitcoin assets, the better we manage it, the bigger the profit that we can get.

If someone is really paranoid with their bitcoin investments, what they can do is sell their btc when it reaches higher than their buying price and just use the profits for next btc investments. In that way, he already secured his initial investments. And he can play with the market using his profits. If he loses, that's not gonna hurt much as it is only profits, but if he gains more, that's very nice in your pocket.
Aside from that, some people are in panic mode if they used loaned money, so they are in tight position and their only goal is to earn positive in order to pay the debt. This is not advisable from my end. If you are going into crypto, better use your extra funds that will not affect your basic necessities in life.

When you do accumulate whether by means or through altcoin or bitcoin itself then it wouldn't matter as long you do end up on accumulating in the end plus with those profits.Cant really blame that people would really be confident with Bitcoin rather than with altcoins which is understandable.

Doesn't really matter on what way they do find ways as long it would benefit you out then that what counts.

[lalabotax]

if you're someone who's a gold investor and knew bitcoin long time ago, you shall say to yourself that you should've bought bitcoin when you knew it at lower price.

Gold may not grow as fast as Bitcoin but I still believe it is one of the safest assets to hold for the future. I have bought Bitcoin, I invested my money both in Bitcoin and Gold. I don't want to rely on Bitcoin only for my future assets, diversification is the right way to secure investment. Bitcoin may grow well recently, but we don't know how it is in the next few years. I'm trying to think realistically.

[arwin100]

if you're someone who's a gold investor and knew bitcoin long time ago, you shall say to yourself that you should've bought bitcoin when you knew it at lower price.

Gold may not grow as fast as Bitcoin but I still believe it is one of the safest assets to hold for the future. I have bought Bitcoin, I invested my money both in Bitcoin and Gold. I don't want to rely on Bitcoin only for my future assets, diversification is the right way to secure investment. Bitcoin may grow well recently, but we don't know how it is in the next few years. I'm trying to think realistically.

Tnere's no question that it is since knowing how gold is been given prioritized by the government so for having this we will not worry about it on future since for sure the one we will get for storing gold is pure wealth and good return. But its undeniable that bitcoin also is doing a good job in terms of profitability but the only flaw of it is heavy volatility that's why many got burned due to lack of research but I still prefer this since this gives good opportunity for profitability aspects.

[yazher]

Dips in the bitcoin market mean opportunities for investors. that's how good bitcoin is because no matter how it looks bad, it always recovers if we based on its past history. right now, bitcoin is at the price where it has never been before which is finally passed the $20,000 mark. it took to finish the bitcoin halving to get to this high and surely when another halving comes, the price will increase. The safest crypto-asset right now is putting it all on bitcoins when the price is still low.

[aysg76]

The fact that people are losing access to their bitcoins has little impact on the current environment. Or maybe you think that bitcoin has grown from 10,000 to 69,000 in a year and a half due to the fact that the supply has decreased due to the fact that people are losing their bitcoins? The circulating supply is shrinking precisely due to the fact that bitcoin is increasingly being used as an investment asset, and not as a means of speculation or a means of settlement. Otherwise, you would never have seen such growth.

You are correct on the part that more and more people have tend to store bitcoin more and the prices have gone too high this season because the investments was very high and the economic principles state that whenever there is high demand and supply is not high the prices rise.I agree with you on the part that large proportion of bitcoin holders prefer to take it as investment rather than making use of the same as payment processing due to which the prices rise.This pandemic many new investors came into the bitcoin market and we see less people spending their coins because everyone sees huge profits in the long run or say as better investment tool to store bitcoin like what major companies are doing so.

It is incorrect to assume that 4 million coins have been irreversibly lost and that these coins should no longer contribute to the supply. We have absolutely no way of quantifying this number, and we not infrequently see coins move which have been dormant for 10+ years, proving that they are not lost at all as many people assume. There is also the chance that a significant number of these coins will be reclaimed in the future due to advance in quantum computing. The number of provably lost coins numbers several thousand, not several million.

Not actually I'm not including the dormant bitcoin addresses as i have seen some bitcoin whales rising up from the graves like after 9-10 years later the dormant bitcoin address transfer some Bitcoins to other wallets.But what i mainly refer is to people that have lost keys to the bitcoin wallets which takes them out of supply although there are chances they get it back but till now they are not having any ways to get it back so we assume it to be out of supply.

For instance the German programmer stefan thomas has lost password to wallet which contains approximately 7002 bitcoins and have only 2 chances left when i checked it last time.

There are some others also like this one:

James Howells, an IT engineer who accidentally threw away the hard drive of an old computer containing 7,500 bitcoins

So if we take into consideration all these people there are presumably many alike them who were ignorant enough in the past and now have lost btc keys which will result in supply shrinking with time.But still as you said there are chances that the number can vary but see whether upwards or downwards.

Dips in the bitcoin market mean opportunities for investors. that's how good bitcoin is because no matter how it looks bad, it always recovers if we based on its past history. right now, bitcoin is at the price where it has never been before which is finally passed the $20,000 mark. it took to finish the bitcoin halving to get to this high and surely when another halving comes, the price will increase. The safest crypto-asset right now is putting it all on bitcoins when the price is still low.

For those who believes in bitcoin and trust it or say want to invest in bitcoin in turn to have safeguards for deflationary future there are no dips but only opportunities but in reality the majority goes down with the FUD and as a result we see panic selling or say paper hands making diamond hands.The whales took advantage of this situation and accumulate more and more like this one :

Dips are the best time to invest but for those who understands it.

[o_e_l_e_o]

But what i mainly refer is to people that have lost keys to the bitcoin wallets which takes them out of supply although there are chances they get it back but till now they are not having any ways to get it back so we assume it to be out of supply.

That's my point though - these coins are not out of the supply. The only coins which are out of the supply are coins in which it can be proven that they can not be spent or reclaimed, such as coins sent to OP_RETURN outputs or other unspendable outputs, coins lost due to bugs in the protocol, coins lost due to miners failing to claim the full reward they were allowed to, etc. In total, these coins only number several thousand.

In terms of the examples you gave of a user saying they cannot decrypt their wallet or they threw away their hard drive - these coins are not provably lost. They could easily be accessed in the future, the owner might discover a back up they forgot about, they might simply be lying about losing them for any number of reasons. Lots of "lost" coins are lost on exchanges or other centralized services which can obviously still access them. Satoshi could come back tomorrow and move all their coins. Any coin in a reused address or an old P2PK address could be reclaimed using quantum computing in the future. None of these coins are provably lost/unspendable, and so it should not be assumed they are out of the supply.

[batang_bitcoin]

if you're someone who's a gold investor and knew bitcoin long time ago, you shall say to yourself that you should've bought bitcoin when you knew it at lower price.

Gold may not grow as fast as Bitcoin but I still believe it is one of the safest assets to hold for the future. I have bought Bitcoin, I invested my money both in Bitcoin and Gold. I don't want to rely on Bitcoin only for my future assets, diversification is the right way to secure investment. Bitcoin may grow well recently, but we don't know how it is in the next few years. I'm trying to think realistically.

Yeah, it's still one of the safest that one can invest. The growth may be slow but it's safer and has a lower risk compared to bitcoin. But that's the twist.
If you long to invest in bitcoin, you have to embrace its volatility. As always, more risk, more reward and these fluctuations that we get to see are very normal whether there's a sudden dump or pump.

[TelolettOm]

The simplest reason for me is because Bitcoin is still the most trusted and valuable cryptocurrency. I am still holding and still jeeping them to incrwase. I still have belief that Bitcoin price will keep increasing, moreover December may be the time althiguh ut is litle bit difficult.
We also have seen the hystory of Bitcoin and the cycle of BTC itself. No matter if this price drops because there is still another chance to keep rising up.

[aysg76]

That's my point though - these coins are not out of the supply. The only coins which are out of the supply are coins in which it can be proven that they can not be spent or reclaimed, such as coins sent to OP_RETURN outputs or other unspendable outputs, coins lost due to bugs in the protocol, coins lost due to miners failing to claim the full reward they were allowed to, etc. In total, these coins only number several thousand.

In terms of the examples you gave of a user saying they cannot decrypt their wallet or they threw away their hard drive - these coins are not provably lost. They could easily be accessed in the future, the owner might discover a back up they forgot about, they might simply be lying about losing them for any number of reasons. Lots of "lost" coins are lost on exchanges or other centralized services which can obviously still access them. Satoshi could come back tomorrow and move all their coins. Any coin in a reused address or an old P2PK address could be reclaimed using quantum computing in the future. None of these coins are provably lost/unspendable, and so it should not be assumed they are out of the supply.

You are right and i also mark that at this time they are not recoverable but at future perspective they might still add up to the total supply of 21 million as you said with quantum computing it's possible and all those coins i was referring to are actually not lost so i got your point on that.Like if they are having an access the account the supply is increased then.In the past people were little ignorant about bitcoin as the prices were not high but at this time they are extra secure to store their bitcoin on cold storage rather then leaving them on centralized exchanges which might got scam or hacked anytime.

The other ways you have mentioned like making bitcoin unspendable with OP_RETURN command which is similar to burning coins make them out of supply permanently and yes the number for them is way too low then but at last we will see how many total bitcoins the world will have.

The dormant address holding huge amounts of bitcoin are becoming active with the price surge over these years and yes they are contributing the total supply in the end so i got what you are referring to excatly.

[rhomelmabini]

By the way, I'm in a state of panic when it drops - panic buying the dips. Having some stablecoins to spare coming from my recent job was really that helpful and it feels like everytime it dips I feel like into the DCA mode. I hope those people who already here in this industry for years now will realize it as well because afaik most of them aren't that aware and still diversifying lot onto altcoins because of FOMO.

[UmerIdrees]

Why not altcoins?

Many people think that since bitcoin is so expensive, they are better off buying and investing in altcoins. It may seem to be a profitable decision in the short term but in long term, they should have an investment in the bitcoin.

For me, 99% of the altcoins are developed by the greedy investors to earn the money.

[haasanjui]

Bitcoin is best coin which dip or pump very fast and after every dip its will pump and break all old records. That's why I prefer bitcoin which not make me panic.

[Rufsilf]

Why not altcoins?

Many people think that since bitcoin is so expensive, they are better off buying and investing in altcoins. It may seem to be a profitable decision in the short term but in long term, they should have an investment in the bitcoin.

For me, 99% of the altcoins are developed by the greedy investors to earn the money.

Indeed, and in-fact I've been thinking about the exact same thing few years back and I've realized that I've been limiting myself to gain serious profits because I'm just into altcoins due to the fact that they're more quite cheaper to buy than bitcoin.
So, I've come to decide to maximize my fortfolio by making bitcoin as the main option and source to gain profits, so from that day forth and up until now, I'm still investing into altcoins and other projects but 60%-70% of my gained profits from those said coins or projects will go directly to my bitcoin wallet and the rest is for me to spend on daily basis or buy needs and wants.