That's why I really like bitcoin :)

[KingsDen]

I admire how Bitcoin can improve our financial situation just by being owned, held, and sold at the highest price one day.

If my monthly income in $500, and  my monthly living expenses is $350. That is to say every month I have $150 for misc which investment is among them. Can you explain to me how rich I could be by investing in bitcoin at this stage? The essence of my question is; bitcoin is not only for buying, holding and selling at a later higher price. There is more to bitcoin.

The widespread use of bitcoin and its emergence as a substitute for traditional payment methods is a positive indication in any nation.

"...and its emergence as a substitute for traditional payment" it would make more acceptable if you can rephrase your statement as "...and its emergence as an alternative to traditional payment".

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[JayJuanGee]

I admire how Bitcoin can improve our financial situation just by being owned, held, and sold at the highest price one day.

If my monthly income in $500, and  my monthly living expenses is $350. That is to say every month I have $150 for misc which investment is among them. Can you explain to me how rich I could be by investing in bitcoin at this stage? The essence of my question is; bitcoin is not only for buying, holding and selling at a later higher price. There is more to bitcoin.

Part of the question also would be whether you have various other emergency savings in place in order that your surplus $150 per month is truly available for you to spend. 

Admittedly in such a tight situation, you might NOT be able to feel comfortable investing a lot into bitcoin, and so if you are able to invest $10 per week, you may well have to wait more than 10 years before you start to feel that you have a sufficient enough savings/investment in bitcoin in order to start to feel more wealthy by it and that you have more options. 

You are correct with the suggestion that lower amounts of investment does make it more difficult to tangibly measure that you are benefiting by bitcoin and having bitcoin as one of your options.  Nonetheless, bitcoin does seem to be amongst the best of investments that are available to people, even people with very tight budgets.

Sure there can be some benefits in having bitcoin in society, even if you personally are not able to invest in bitcoin, but it does seem better to be able to invest into bitcoin with as much as you can reasonably muster up without over extending yourself, even if you are poor and with a low monthly cashflow.

[EdenHazard]

Those attributes which you have highlighted are especially suitable. Bitcoin is actively used and practically every person is interested in investing in bitcoin. The returns of cash which bitcoin generates are more substantial. Actually bitcoin is recognized in every nation and locality and is more acknowledged  as compared to the others. Now a days the bitcoin is suffering from the declining and reducing  price but there is a great deal of hope for its evaluation to reach a peak again.

People just too scared to even give a shot into new things , new revolutionary stuff like bitcoin , we are in early stage and indeed many still can't accept the fact bitcoin are so helpful to solve monetary problems despite yeah there might several 'bugs' to fix , nothing perfect though.

People tend to follow what media says about bitcoin and a lot of people thinks bitcoin are the greatest scam unfortunately.

[AjithBtc]

Bitcoin serves as an alternate and in different means it easily overcome the flaws of the traditional fiat. Majority of the investment into bitcoin is upon the growth expectancy. This happens for sure, we also need the patience to experience the growth than just investing and expecting back the profit overnight. For now Investment on bitcoin can limit an user from spending, because these days direct usage of cash have decreased alot.

People find the digital money(digital form of fiat) as mere numbers and spend on needs as well as on unwanted things. Keeping it in bitcoin could make as prioritise investment and lower the unwanted spending.

[ChiBitCTy]

Yeah beating able to memorize you private key or mor realistically your seed phrase for your hardware wallet is a pretty incredible concept. I do feel like bitcoin has hit a little bit of a wall of late, so I hope to continue to see more and more businesses adopt it as a means of payment.

[spiker777]

Yeah beating able to memorize you private key or mor realistically your seed phrase for your hardware wallet is a pretty incredible concept. I do feel like bitcoin has hit a little bit of a wall of late, so I hope to continue to see more and more businesses adopt it as a means of payment.

did you really memorize your private key and seed phrase? that's almost impossible to do. and it is better to write down your private key and seed phrase somwhere safe and secure so if you forget that by chance so you can still recover your wallet.
just don't keep your keys in your laptop or mobile because they have risk of getting hacked and stolen.

[Coin BTC]

continue to believe in Bitcoin, this Bitcoin will not disappoint us, with the increasing progress in Bitcoin it really makes people very interested and like Bitcoin, now there are many very good features, and this is very useful.

[amishmanish]

The point you bought up that it was a response to 2008 market downfall. I agree with that completely. The banking financial system is inherently flawed and manipulative. Whenever we have more money in our pockets and we can really become rich. Governments deliberately increases interest rates. Because they want high inflation, control prices and keep us poor and enslaved. I think Bitcoin can be our freedom.

[noorman0]

but unfortunately some governments will never agree with the transparency that bitcoin provides. Countries with high corruption really will not fully implement bitcoin, this will be a threat to those who are used to working dirty.

Although bitcoin has loopholes for crime, it is not a reason not to legalize bitcoin due to several factors, the government must use broader parameters.  Let's just assume that the use of bitcoin in a country is greatly increasing and it is not yet regulated, then how much tax money is missed from millions of dollars of transactions every day? This also means the country is losing money every day (at least from those who are tax compliant).

[xzy887]

I think very soon bitcoin will be accepted in every country and bitcoin will become a trusted coin. Because Bitcoin is legalized in many countries. And they don't need any third party to transact through this Bitcoin. By doing this they do not have to worry and they do not have to pay any fee.If we transact through a bank then the bank deducts a lot of charges from us but through Bitcoin we can transact with them directly which gives them and us many advantages and soon paper money will be removed and cryptocurrency coins will be in circulation all over the world.So never fear of losing bitcoins. It is a trusted coin. The price of Bitcoin may be very low now but we can expect this Bitcoin to go much higher in the future. And then the market conditions will be good and then it is hoped that many countries will then declare Bitcoin legal.

[kotajikikox]

You don’t have to physically carry it around. You can gutter the paper or plastic and free up your precious fund space.

Bitcoin is like a bank that’s in no way closed, this currency is moving and available 24/7. Further people and places are starting to accept it, from coffee shops to real estate possessors, this is a currency gaining traction and seems to be gaining worldwide acceptance.

The Bitcoin community has quality memes and GIF games. Bitcoin was created by software people who wanted to hack the financial world and produce a better system after the request collapse in 2008.

It’s decentralized, no need for any 3rd party to babysit your sale and take a piece of it. In developing nations, this technology is enabling more practical operations that will enable translucency and combat corruption in governments.

never forget that we must not only look about the good qualities but also on what is Bitcoin in bad days , because this will help you understand more the crypto and how this will be for your entire career.
you seems to be a new from this market but i like your thoughts and beliefs , but it is important that you also understand the other side of crypto using and not just because this helps you now as one day there will be against your dealings .

[2stout]

Hard not to like that it's deflationary by virtue of a hard cap/fixed supply and halving events.  It also is a truly global currency that's not controlled by any nation. 

[m2017]

Undoubtedly, bitcoin has many advantages over traditional currencies and banks. Yes, there are many reasons to like bitcoin and the crypto community will agree with me. But there are no ideal financial instruments, which bitcoin is also not. Any advantage has a counterbalance in the form of a disadvantage and bitcoin is not without them. It is necessary to take this into account and soberly evaluate so as not to get into an unpleasant situation. Bitcoin gives people great opportunities, but also requires great responsibility and caution. If bitcoin allows to become your own bank, then be prepared to take on responsibilities ranging from accountant to security officer. Not everyone will want to do this and not everyone may have the appropriate skills, but everything can be learned. Still, I believe that in the right hands, bitcoin provides great opportunities and advantages, and this technology has long earned a positive attitude from its followers.

[tbterryboy]

Yeah beating able to memorize you private key or mor realistically your seed phrase for your hardware wallet is a pretty incredible concept. I do feel like bitcoin has hit a little bit of a wall of late, so I hope to continue to see more and more businesses adopt it as a means of payment.

did you really memorize your private key and seed phrase? that's almost impossible to do. and it is better to write down your private key and seed phrase somwhere safe and secure so if you forget that by chance so you can still recover your wallet.
just don't keep your keys in your laptop or mobile because they have risk of getting hacked and stolen.

I think he is just making fun with the op because it is not possible for our private key to be memorized as its composed of a long characters while I think it is possible to memorize a 12 word seed phrase although I don't recommend this because we might forget it overtime. It is still better to store it in a a secure place. In my case I store my keys on a different location including my phone and laptop. When I lose my gadget or they are stolen from me, I don't think the thief will have an idea if what is a private key because cryptos are not yet really known in my place.

I also rename it differently so that it will not be obvious that it's a private key and they also have a password. They will have a hard time opening it first before they can be able to open my wallet but before they did it, I already move my coins in a new wallet. .

[Rockstarguy]

Don't forget to continue liking bitcoin when things that make you feel that bitcoin doesnt like you occur - the price plunge, regular hacking activities, exchanges going bankrupt, people claiming to be Satoshi etc. They are many bad features linked to bitcoin but, its not meant to stop anybody from continues usage of bitcoin, I'll urge you to keep up with the things that make you happy about bitcoin despite the numerous negative news appearing on news platforms just to detriment the good aspect of  bitcoin. As for me I like bitcoin because they is no third party that is in control of daily transactions.

Bad things people are saying about didn't just started of recent ,  right from the beginning when bitcoin started existing few who know very well bitcoin is good choosed to say different lies about it, but that can't stop bitcoiners to hate bitcoin. If bitcoin price drops low it is not new and its never a surprise because we all know bitcoin is volatile and everyday can't continue to bullish. People who criticise bitcoin are only lying to themselves,  criticising bitcoin won't make bitcoin to be what they think about it.

[spiker777]

Hard not to like that it's deflationary by virtue of a hard cap/fixed supply and halving events.  It also is a truly global currency that's not controlled by any nation. 

bitcoin has a lot more features and advantages other than just these two you mentioned. don't forget the security. being able to control it  from everywhere and make large transactions. stay anonymouse.
and many more.

I also rename it differently so that it will not be obvious that it's a private key and they also have a password. They will have a hard time opening it first before they can be able to open my wallet but before they did it, I already move my coins in a new wallet. .

good idea. why i didn't thought about this. lol

[Rufsilf]

Don't forget to continue liking bitcoin when things that make you feel that bitcoin doesnt like you occur - the price plunge, regular hacking activities, exchanges going bankrupt, people claiming to be Satoshi etc. They are many bad features linked to bitcoin but, its not meant to stop anybody from continues usage of bitcoin, I'll urge you to keep up with the things that make you happy about bitcoin despite the numerous negative news appearing on news platforms just to detriment the good aspect of  bitcoin. As for me I like bitcoin because they is no third party that is in control of daily transactions.

Bad things people are saying about didn't just started of recent ,  right from the beginning when bitcoin started existing few who know very well bitcoin is good choosed to say different lies about it, but that can't stop bitcoiners to hate bitcoin. If bitcoin price drops low it is not new and its never a surprise because we all know bitcoin is volatile and everyday can't continue to bullish. People who criticise bitcoin are only lying to themselves,  criticising bitcoin won't make bitcoin to be what they think about it.

Nobody cares about Bitcoin before until a big bang happens to it that attracts the attention of the majority and even in the business sector. It was the start that people gave interest in this as a sort of investment, not a form of currency. But for now, it was to see that many people are using this to purchase goods and other things. And the good thing that we really appreciated is we can use this anywhere as long as we have internet.

[8rch7]

continue to believe in Bitcoin, this Bitcoin will not disappoint us, with the increasing progress in Bitcoin it really makes people very interested and like Bitcoin, now there are many very good features, and this is very useful.

It is very difficult for everyone who is not interested in bitcoin, because bitcoin has made it easy for all people, bitcoin is also not controlled by any country, bitcoin fans also have their own jargon, which is full of acronyms and phrases from hold to whale, social media also play a major role in it, from celebrities who invest in bitcoin, to very active communities on Twitter, tiktok and Reddit, social media is indeed a major driver of the popularity of bitcoin.

[KingsDen]

I admire how Bitcoin can improve our financial situation just by being owned, held, and sold at the highest price one day.

If my monthly income in $500, and  my monthly living expenses is $350. That is to say every month I have $150 for misc which investment is among them. Can you explain to me how rich I could be by investing in bitcoin at this stage? The essence of my question is; bitcoin is not only for buying, holding and selling at a later higher price. There is more to bitcoin.

Part of the question also would be whether you have various other emergency savings in place in order that your surplus $150 per month is truly available for you to spend. 

The answer could be no. And if it is No, the zeal or the guts to commit half of the $150 into bitcoin investment won't be there. The economy is too demanding to people whose economy is not stable, even some stable economies are suffering. Within the interval of 1 year and few months, the cost of goods tripled. When I examine the reality, I tend to measure people with fairness balance.

Admittedly in such a tight situation, you might NOT be able to feel comfortable investing a lot into bitcoin, and so if you are able to invest $10 per week, you may well have to wait more than 10 years before you start to feel that you have a sufficient enough savings/investment in bitcoin in order to start to feel more wealthy by it and that you have more options.

This is the honest reality and it must be told with boldness. Another question is how many people who is living under the aforementioned budget would be disciplined enough to leave an investment for 10yrs even when in need? A few I guess, that is the irony.

You are correct with the suggestion that lower amounts of investment does make it more difficult to tangibly measure that you are benefiting by bitcoin and having bitcoin as one of your options.  Nonetheless, bitcoin does seem to be amongst the best of investments that are available to people, even people with very tight budgets.

Truth, bitcoin presents one of the finest opportunities for everyone to invest, including people with very tight budgets. But the the bitcoin level of uncertainty is second to none. That is why some early birds to bitcoin who refused to invest are regretting today. While the opportunity is still available now, some are still uncertain because bitcoin might not survive this year, then by 2030 there would be another set of people who will regret the opportunity being missed today.

[Captain Corporate]

The fact that it aims at the retail investor more than the big ones is the main reason. Big ones like to gobble up stocks and just hold them for decades if they can, you can do that with crypto as well but meanwhile it will go up and down a lot and thats what they do not like .I can watch my investments go from 5k to 500 to 10k and I would not be phased by it, or maybe some people would be scared about it as well. but no hedge fund could watch their money go from 5 billion to 500 million to 10 billion, and even the fact that they can't sell it easily is a good reason, because they would ruin the market if they tried and would have to sell for cheaper. So its great for you and me, not great for wall street bankers.