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

[adzino]

There are so many pros/cons about bitcoin.

Everything has its pros and cons. Nothing is perfect. But the pros of bitcoin outweigh the cons.

Some say, future assets and vice versa, bitcoin is a scam.

Those who say it is the future assets are the ones that really knows what bitcoin is and how it is better than the traditional currency. They know the future potential of crypto currencies. Those who say its a scam, are the ones that knows nothing about bitcoin and has probably lost money investing in it. Or are just butthurt because they didn't invest when they could.

However, in the midst of the debate, it did not affect the bitcoin market, there was even a country that legalized it and made it a legal tender, El Salvador.

It does affect the market. They spread FUDs causing the price to crash. And not many countries, almost all country has made bitcoin legal. Only few countries made it illegal.

[aysg76]

At the first place if we truly believes what bitcoin can do perhaps we are now very rich because of it.. Lol but unfortunately we have some doubts that time wherein the price isn't really high. and because as well of some fake news around the internet especially when it comes predictions and etc that bitcoin will not last, we really missed all the opportunities.  Cheesy now probably we can say that bitcoin is totally legit because of the position right now in the market.  No doubts.. Lol

Bitcoin is not tool to make us rich overnight but it is being used in two perspective which are the first one is payment mode then secondary as an investment asset to hold for long term or short term According to our preference.But one believing in bitcoin and be rich at this time have no direct relationship as many investors or people who started to believe in it little bit late and have invested some amounts not too considerable are not millionaire at this time.But those who have invested at an early age good amounts are ofcourse rich at this time because now it's above $47k so those who invested at $500-$1000 are already enjoying good returns.

Then you are saying it's legit then it also has two meanings like the first one was it was always legit but portrayed it in negative aspects by government and media and rest people started calling it bubble who doesn't understand its value and base functioning as it was needle to burst the fiat and central bubble.Second it is only legal tender in El Salvador at this time if you are speaking in that context because many countries are discussing regulations for the same.Now more and more people are educated enough to read about bitcoin on the net and various sources and above all they are investing the funds in it for gaining more profits in the long run to have deflationary future ahead.The thing is you should learn about it at this time or remain in the inflation boat all the time that can sink you anytime.Choice is yours.

[maju69]

At the first place if we truly believes what bitcoin can do perhaps we are now very rich because of it.. Lol but unfortunately we have some doubts that time wherein the price isn't really high. and because as well of some fake news around the internet especially when it comes predictions and etc that bitcoin will not last, we really missed all the opportunities.  Cheesy now probably we can say that bitcoin is totally legit because of the position right now in the market.  No doubts.. Lol

Mainstream media is a little annoying with the news they spread. So I wonder, what do they really want?
Regardless, I still choose bitcoin as my investment tool and without us knowing it we are like holding a bank in our hands. Apart from bitcoins I haven't found any asset that I really feel comfortable owning with.

[molsewid]

Mainstream media is a little annoying with the news they spread. So I wonder, what do they really want?
Regardless, I still choose bitcoin as my investment tool and without us knowing it we are like holding a bank in our hands. Apart from bitcoins I haven't found any asset that I really feel comfortable owning with.

Well, media will going to publish or report news that was purely in favor to government though not all the time but because the media has no source of legit news when it comes to cryptocurrency they will going to rely on the opinion and insights of government officials. But yeah, look at we now, even if bitcoin was challenged and questioned a couple of times we still believe and people trusting bitcoin are keep on rising the number. However, we can't deny the fact that at first we also doubt bitcoin because of fake news.

[CDC AP]

My reason is very simple the why I prefer bitcoin than other is bitcoin does not depreciate instead it appreciate so when ever the market is going upside down you don't have to panic because it will surely normalize to it nature that my reason why I prefer bitcoin than other assets.

[aysg76]

Well, media will going to publish or report news that was purely in favor to government though not all the time but because the media has no source of legit news when it comes to cryptocurrency they will going to rely on the opinion and insights of government officials. But yeah, look at we now, even if bitcoin was challenged and questioned a couple of times we still believe and people trusting bitcoin are keep on rising the number. However, we can't deny the fact that at first we also doubt bitcoin because of fake news.

The media houses want trp and publicity and will always keep their hands join with the government officials and don't want to go against them so in the past there were always rumours spread across mainstream media through which government tries to convince people it's fraud and scam but as the mass become educated towards bitcoin technical aspect and it's working they came to know about the truth behind the scenes from which government never wants to fold the curtains as their Central chain of authority is challenged by it.

For example in China every media house is puppet of CCP and it's democratic dictator rule over there and most of the social media platforms are banned over there because they won't allow citizens little bit of freedom also and same is happening in other countries also but they can't curb it to the low level and it will rise with time and immense adoption.

My reason is very simple the why I prefer bitcoin than other is bitcoin does not depreciate instead it appreciate so when ever the market is going upside down you don't have to panic because it will surely normalize to it nature that my reason why I prefer bitcoin than other assets.

We all have different reasons like for you it's profitable investment over time but there's sell of factor at the time of dumping which is not easy to avoid by many but if you survive that period then it's completely fine and you will get profits in the long run as it will surely rise but normal dumps on the way are also vital part which can't be avoided but still it's better than diminishing asset which goes only down the stream eroding all the funds that have been poured in them.

[LUCKMCFLY]

Well... I can honestly say.. Bitcoin BTC has been my best investment I have ever made. I bought bitcoins BTC when the price was just over $300 per coin and I do not regret it for one second. I have sold some bitcoins at $17 000 in 2017 and I kept enough to sell some more at $25 000 and then again at $40 000 and lately when it reached the all-time-high. 

Bitcoin has changed my life and my financial situation significantly and I will support it and promote it and educate people about it ...as payment for all that it done for me. 

Your story is really very motivating, also if you bought at that price it means that from the beginning you believed in technology and in all the good that BTC offers with its deflationary economy, I really congratulate you and you represent a great example for many and before the world, I hope the word continues to spread, in my case I have never had the privilege of having 1BTC, but if I have had fractions of BTC, and now with everything that is happening in the world, I see that BTC is much safer That having money stored in the bank, in gold, or in any safe asset, for me BTC is the best option for a Safe Haven, because BTC will never disappoint.

[goldkingcoiner]

Well... I can honestly say.. Bitcoin BTC has been my best investment I have ever made. I bought bitcoins BTC when the price was just over $300 per coin and I do not regret it for one second. I have sold some bitcoins at $17 000 in 2017 and I kept enough to sell some more at $25 000 and then again at $40 000 and lately when it reached the all-time-high. 

Bitcoin has changed my life and my financial situation significantly and I will support it and promote it and educate people about it ...as payment for all that it done for me. 

Your story is really very motivating, also if you bought at that price it means that from the beginning you believed in technology and in all the good that BTC offers with its deflationary economy, I really congratulate you and you represent a great example for many and before the world, I hope the word continues to spread, in my case I have never had the privilege of having 1BTC, but if I have had fractions of BTC, and now with everything that is happening in the world, I see that BTC is much safer That having money stored in the bank, in gold, or in any safe asset, for me BTC is the best option for a Safe Haven, because BTC will never disappoint.

I completely and wholeheartedly agree with your statement that Bitcoin will never disappoint. I truly believe that Bitcoin will always remain the favorite even as Altcoins come and go and some even achieve surprising heights on their price charts, Bitcoin will always be the main actor. Especially with the huge volume, trust and hype behind it, over all the years gone by. Bitcoin won't disappoint.

[peter0425]

My reason is very simple the why I prefer bitcoin than other is bitcoin does not depreciate instead it appreciate so when ever the market is going upside down you don't have to panic because it will surely normalize to it nature that my reason why I prefer bitcoin than other assets.

I believe that the topic is not generally only for crypto asset instead in everything in  which OP is referring and i respect your answer as we are all in crypto we are in favor for assets here either bitcoin or altcoins.
so Yes Bitcoin volatility is normal and even if there is a up and downs yet price will always recover and will gain as years passed by .
so If you are talking about Asset that will save us for tomorrow? then this is perfectly say that Bitcoin and no other altcoin that will assure us safety
in our funds invested inside .

[pushups44]

I agree that it's stupid to ignore what seems to be the best performing asset of the last decade or so, but I don't think altcoins should be ignored or serve no purpose. In the last few years some altcoins such as Ethereum have done well compared to even bitcoin. I think bitcoin should be a core holding, but some altcoins can also add some diversity to a portfolio and potentially outperform based on their networth growth.

[aysg76]

I agree that it's stupid to ignore what seems to be the best performing asset of the last decade or so, but I don't think altcoins should be ignored or serve no purpose. In the last few years some altcoins such as Ethereum have done well compared to even bitcoin. I think bitcoin should be a core holding, but some altcoins can also add some diversity to a portfolio and potentially outperform based on their networth growth.

See I have already made clear that btc is the best option for me but it can be entirely different on your end like we both can't have the same taste and will be having our own preferences.But for me altcoins doesn't matter at all even if they are giving returns to the holders due to lot of factors.

But if you say about ETH then i am not willing to pay huge gas for a normal transaction and the latest hard fork haven't made any promising affect rather than burning the supply with each transaction.So not willing to invest in it as well but if you say about altcoins can outperform btc then you are wrong on that part because no coin has such potential and strong technical background to compete with it.

[yazher]

My reason is very simple the why I prefer bitcoin than other is bitcoin does not depreciate instead it appreciate so when ever the market is going upside down you don't have to panic because it will surely normalize to it nature that my reason why I prefer bitcoin than other assets.

It's preferable because how it recovered after the price has crashed in the past and look at it right now, it always fixed its price again and you won't suffer any loss even though you bought from when the price was high because it will somehow be managed to cross and break its ATH record. All you need is to wait and be patient in holding it. You also need to forget your investment when the price is going down and stop thinking about the crypto market for a while and focus on something else to avoid unnecessary doubt and might lose your chance to profit from your investment in the future.

[suryana]

maybe this doesn't make us panic at all with the unstable bitcoin price in recent years because a lot of people choose the crypto world maybe because of the very long duration we can even store bitcoin and not release it on the stock market before the price is as we want it to be. when we buy it, bitcoin also gives us the freedom whether we want to stay or release our bitcoin maybe with a price that tends to change but it is not affected because we can buy it back if we want to be in the crypto world again

[Victorik]

Yea ..you are right op. I agree with you. Even the legal tender is also affected by inflation, but for Bitcoin, the price may go down today but, in the long run, it will come back stronger and better than it's previous position.

[Tumanggor]

~

this is a great topic, thanks for creating it, it makes me believe in bitcoin even more

so far my biggest regret is not having faith in Bitcoin back in 2016 (or when I heard about bitcoin for the first time) despite experiencing harsh price fluctuations, bitcoin has gone up many times since 2016

currently investing and believing in bitcoin certainly won't make me lose, bitcoin is an asset that will continue to be valuable. I'm glad I know bitcoin

[qwertyup23]

Finally, someone provided concrete data and analysis to support the idea of HODLing BTC by basing it also primarily on its history price index. Compared to any other investment methods present in the market, BTC had the highest amount of percentage increase on the market given in a relatively shorter amount of time.

By basing it also purely on experience, the total number of BTCs that I received is equal to around ~$37,000 but this price may vary also depending on the current price of it. That is why, I do believe that HODLing long-term is the way to go if a person wants to experience large amounts of profit/gain.

[carlfebz2]

I agree with your topic; I've seen bitcoin rising more than any other currency. But, unfortunately, even half of the people living on earth have zero knowledge. Still, the value of bitcoin has gone high in these ten years. My father once thought to invest his money in gold ten years ago. I suggested he put a small of their money in bitcoin, but he refused me after that; they lost a significant amount of money. He still feels too much regret because he did not list me.

So you are an early adopter since you said you had told you dad on investing on Bitcoin 10 years ago?   Considering on how many years we are still existing as of this market then you had made out significant

amount of profits if you had invested into those early years. You would really be ending up on regrets if you hadnt able to put up some money and seeing these prices had climbed up on new all time highs.

But well its not too late for someone to invest though but we know that prices now are bit high already so thats what make people hesitate on doing so.

[aysg76]

I agree with your topic; I've seen bitcoin rising more than any other currency. But, unfortunately, even half of the people living on earth have zero knowledge. Still, the value of bitcoin has gone high in these ten years. My father once thought to invest his money in gold ten years ago. I suggested he put a small of their money in bitcoin, but he refused me after that; they lost a significant amount of money. He still feels too much regret because he did not list me.

Explaining it in your words then even only few percentage of people know about Bitcoin and then only few out of them have invested in btc.For instance say 30% of population at this time have heard about the term cryptocurrencies and mainly bitcoin of it through friends or mainstream media due to global surge as it's new hot topic but only 5-6% who understands bitcoin have invested in it and rest are living in dilemma that it's bubble,scam or ponzi due to government fake talks but they are fools themselves.They will regret later on but keeping this talk aside we still have bitcoin growth to advanced levels and once previous year we saw it reaching ATH of $68k and that's the power of btc.

With still lot more people to invest and come to know the true importance of bitcoin it has came this far and just imagine how much will it burst to surge to new levels if more people invest in it in future? The returns are immense as dollar and all other fiats are losing their value with government money printing and fake idealogy and unethical monetary policies so you need deflationary btc with you.

It will always remain ahead of every financial asset despite of the fact it's down from ATH to now of $42k but hopes are high and it will give what every holder is expecting from it but you need to have patience for it.

[TheGreatPython]

if you bought at that price it means that from the beginning you believed in technology and in all the good that BTC offers with its deflationary economy, I really congratulate you and you represent a great example for many and before the world, I hope the word continues to spread, in my case I have never had the privilege of having 1BTC, but if I have had fractions of BTC, and now with everything that is happening in the world, I see that BTC is much safer That having money stored in the bank, in gold, or in any safe asset, for me BTC is the best option for a Safe Haven, because BTC will never disappoint.

It doesn’t really matter when you started investing and how much of Bitcoin you own.
Whether you own one Bitcoin or a fraction,, it is still worth it.

Moreover it’s not really necessary that you are going to hold your Bitcoin forever, everyone has what works for them and the strategy they try to follow.

As for me I’m not the type that always has plans to keep on hold without even selling, because that doesn’t suit me at all.

[suryana]

of course everyone has their own principles and also regarding an investment they will be involved in but for me if you want to invest then I will prefer to be in the crypto world and even though the price may be unstable it doesn't affect me because bitcoin investment is an investment. investment that is long term if we don't want to release it in the stock market then we can hoard our Asep to continue to be in that world for a long time but if we want to leave then we can release it again maybe at a price that is not what we want and it has absolutely no effect on a price but we can call this investment an investment that is so transparent and open