That's why I really like bitcoin :)

[Bobrox]

Bitcoin is very popular but not as a currency, it was indeed a known investment that most people participated in this time. In fact, it was compared to the stock market and any form of huge investments existed. MAYBE in the future could be one of the most used currencies globally but for now, it was just considered a profitable investment.

As a currency, as an investment - these are the reason why people love this.

Beside what talked by OP about Bitcoin have been accepted payment in coffee shops to real estate possessors but still can't make bitcoin more popular for payment currency, I think your opinion true about bitcoin known as investment assets with higher profit return. Still need planning five until ten years later adopting bitcoin used currencies global looking on most influential countries like United State, United Kingdom and China not allowed bitcoin for legalizing.

As a currency, as an investment - these are the reason why people love this.

I like bitcoin as investment way only not really give impact in my country with bitcoin still not legal currency payment transaction until right now, due high demand and supply worth way for investing and earn profit with bitcoin although still not legalize as digital payment currency.

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[xzy887]

When a natural disaster occurs, Bitcoin becomes a living asset.

I think Bitcoin has nothing to do with nature in reality. Because Bitcoin is a virtual currency that does not exist in reality. Bitcoin transactions are done virtually online only.

Likewise, when the house where you live is on fire, all assets are lost and Bitcoin becomes the only investment asset left behind. This is the reason why Bitcoin is my favorite asset.

And people will never want to invest in Bitcoin if the house catches fire and all the wealth is destroyed. Because then they will be afraid to burn (dump) Bitcoin too.

Bitcoin provides convenience not complexity.

Bitcoin has not only advantages, but also some disadvantages (poor market condition for Bitcoin price to go from 68k to 20k quickly) which people are realizing now.

[JayJuanGee]

When a natural disaster occurs, Bitcoin becomes a living asset.

I think Bitcoin has nothing to do with nature in reality. Because Bitcoin is a virtual currency that does not exist in reality. Bitcoin transactions are done virtually online only.

Your realize that online/virtual can be part of the real world, depending on the application, and if you had not learned about bitcoin, bitcoin happens to be an invention that allows for value to be transferred in digital form, in a trustless way, peer to peer, and part of the reason that bitcoin is so powerful in that regard has to do with the bitcoin system having had been the first system to resolve the double spend problem through proof of work.. so there is a lot of value in the mechanism that bitcoin has established that previously had not been possible without going through third parties... with bitcoin, you can transmit value on the interwebs (virtually and intangibly) without third parties... there is no other system like it.. sure there are imitators.. but still bitcoin is the one that is really ongoingly building on this invention in which value can be attached to information, even if it might feel like it is "not real" to people like you who seem to not really understand what the fuck is bitcoin, which seems to be part of the reason that you get so caught upon trying to suggest that there is something less real about bitcoin because it is virtual rather than tangible.  Do you even know what you are talking about?

Likewise, when the house where you live is on fire, all assets are lost and Bitcoin becomes the only investment asset left behind. This is the reason why Bitcoin is my favorite asset.

And people will never want to invest in Bitcoin if the house catches fire and all the wealth is destroyed. Because then they will be afraid to burn (dump) Bitcoin too.

What?  You seem to be mixing up the point again, xzy887.

Bitcoin is not tangible, so it cannot burn (and that is part of the point of bitcoin.. it is captured on a network of computers).

Of course, there are a variety of that people can lose access to the bitcoin that they own because they lose access to the private keys.. and if the private keys are ONLY located inside of a house that burns up, then access to the bitcoin that had been associated with those private keys will be lost forever.

So surely one of the difficulties and advantages of bitcoin is being able to store the private keys in more than one location and to still potentially feel security that they are not lost and destroyed easily, even if they might be lost and destroyed in one place.  Sure, it can be a challenge to make sure that you have back ups to your private keys but have the back ups stored in such a way that they are not easily found by someone else or that they might end up being lost or destroyed or somehow not accessible when they are needed in the event that other copies of private keys had been lost or destroyed.

There are a lot of responsibilities in being your own bank, but also a lot of power.. while at the same time, the power might not be able to be exercised if there is loss to the private keys.

Bitcoin provides convenience not complexity.

Bitcoin has not only advantages, but also some disadvantages (poor market condition for Bitcoin price to go from 68k to 20k quickly) which people are realizing now.

You can look at bitcoin's price history and you can see lots of similarities to bitcoin's current price pattern, so if people are ONLY realizing BTC's negative price volatility - to the extent that it is negative, then they must be living in la la land.

Some of your friends might live in la la land xzy887, yet that does not mean that everyone lives in the same place as those people who are just realizing that BTC's prices could go down quickly.. .

[flipme]

~snip~

The features you mentioned in this topic are the features that put Bitcoin in the class of revolution. I also love Bitcoin because of these features, but I love it most because of its portability feature. Nobody knows how much money you have. No one will even know you have money. Just memorize your seed key and feel comfortable. Nobody can read your mind. This is a great feature.

[qwertyup23]

~snip~

The features you mentioned in this topic are the features that put Bitcoin in the class of revolution. I also love Bitcoin because of these features, but I love it most because of its portability feature. Nobody knows how much money you have. No one will even know you have money. Just memorize your seed key and feel comfortable. Nobody can read your mind. This is a great feature.

More than the reasons that OP posted, the fact that BTC is the currency under the blockchain speaks about financial freedom- lack of any control from the government on our transactions. This is mainly the reason on why some countries have their reservations on integrating it to their financials, though some countries have started adopting it even as a legal tender to their country.

Personally, BTC is something more of an opportunity; an opportunity that a person living in a third-world country that can alleviate my economic status with the right investment and knowledge on it. While it is not an absolute formula to success, the fact that it can definitely make someone live comfortably is enough for me to love it.

[Jatiluhung]

For beginners who are just getting into bitcoin, there must be a lot of fear when they see such a long bear market. because FOMO still really always affects beginners. but if they dare to collect from now on and hold it until the next bull market comes along. I'm sure they will love bitcoin even more. And those who don't buy now will regret it when bitcoin returns to its ATH. I'm still a beginner but someone taught me how to accumulate bitcoin in a simple but effective way, namely DCA. I hope other beginners will also use this strategy and learn it first. I love bitcoin more because I find freedom in it.

[lepbagong]

For beginners who are just getting into bitcoin, there must be a lot of fear when they see such a long bear market. because FOMO still really always affects beginners. but if they dare to collect from now on and hold it until the next bull market comes along. I'm sure they will love bitcoin even more. And those who don't buy now will regret it when bitcoin returns to its ATH. I'm still a beginner but someone taught me how to accumulate bitcoin in a simple but effective way, namely DCA. I hope other beginners will also use this strategy and learn it first. I love bitcoin more because I find freedom in it.

maybe one of the best ways that can be followed by all those who are still concerned with the current movement of bitcoin, I totally agree with you, my friend, the DCA method is a way that may be very effective because it allows all to follow gradually.
maybe there is a point in really needing to learn about DCA if you don't fully understand it so that it can be carried out and used properly and accurately.
but indeed bitcoin is a phenomenon that provides many benefits for those who continue to hold it because bitcoin can indeed make all glued and fascinated by what will be done which in time will provide very good profits.

[JayJuanGee]

~snip~

The features you mentioned in this topic are the features that put Bitcoin in the class of revolution. I also love Bitcoin because of these features, but I love it most because of its portability feature. Nobody knows how much money you have. No one will even know you have money. Just memorize your seed key and feel comfortable. Nobody can read your mind. This is a great feature.

Hopefully everyone knows that there is a need for a back up for the "brain wallet".. In other words, even though it  is fine to memorize your seed, you also better have it written down somewhere and/or some other means of getting at your wallet just in case something goes wrong with your brain.. including walking down the street and piece wood hitting your head.. and then you forgot everything... accidents happen.  and memories get messed up.

By the way, the brain wallet can really be good for crossing borders and/or other ways in which you might end up getting searched or questioned... but you still need to have an ability to access your seeds in other ways in the event something happens to your brain/memory between the time that you are transporting yourself from one place to another.. including time and distance..

[yudi09]

Your thoughts I read from this post is too complicated. You need to read a lot about Bitcoin so that your knowledge of Bitcoin is not narrow.

When a natural disaster occurs, Bitcoin becomes a living asset.

I think Bitcoin has nothing to do with nature in reality. Because Bitcoin is a virtual currency that does not exist in reality. Bitcoin transactions are done virtually online only.

Likewise, when the house where you live is on fire, all assets are lost and Bitcoin becomes the only investment asset left behind. This is the reason why Bitcoin is my favorite asset.

And people will never want to invest in Bitcoin if the house catches fire and all the wealth is destroyed. Because then they will be afraid to burn (dump) Bitcoin too.

Bitcoin provides convenience not complexity.

Bitcoin has not only advantages, but also some disadvantages (poor market condition for Bitcoin price to go from 68k to 20k quickly) which people are realizing now.

As an intangible currency, Bitcoin is an asset that will stay in the event of a natural disaster. This applies to people who already have Bitcoin as an asset. This is one of the advantages of Bitcoin and Bitcoin will be a virtual currency that has a very high price someday even though the current price is still $19.xxx.

[rendravolt]

For beginners who are just getting into bitcoin, there must be a lot of fear when they see such a long bear market. because FOMO still really always affects beginners. but if they dare to collect from now on and hold it until the next bull market comes along. I'm sure they will love bitcoin even more. And those who don't buy now will regret it when bitcoin returns to its ATH. I'm still a beginner but someone taught me how to accumulate bitcoin in a simple but effective way, namely DCA. I hope other beginners will also use this strategy and learn it first. I love bitcoin more because I find freedom in it.

In the bear market of 2018 I also felt fear because my income was only from trading crypto on the exchange. But I am now used to it and have prepared a few things to be able to survive in this kind of situation. Of course it is not easy we have to keep trying so that all can be passed.

[Luzin]

In the bear market of 2018 I also felt fear because my income was only from trading crypto on the exchange. But I am now used to it and have prepared a few things to be able to survive in this kind of situation. Of course it is not easy we have to keep trying so that all can be passed.

The hope is that the market cycle is still the same as the year that has been running. Bitcoin will be up to the new ATH again. Although I am actually a little worried, but always do asset management to prevent bad things from happening.
Logically, with limited supply and increasing demand, prices will continue to rise. But I realize all predictions can be wrong, although many people are optimistic but it will make us feel a little more at ease. For people who have gone through several periods, they will indeed have a better mentality.

[Moeda]

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.

Then why is it so difficult for governments to accept Bitcoin or other cryptocurrencies as currency. I believe, most of the current use of Bitcoin is private parties, while government agencies are more controversial and even reject Bitcoin.
If Bitcoin is good, why don't they use it? Of course this is a question that arises in our minds.
We know that most state institutions around the world are not clean from corruption. So they reject the transparency system that can interfere with their actions, namely corruption. They don't reject Bitcoin, but they reject the transparency system that exists in Bitcoin. My assumption is so, although the assumption is too much.

[trendcoin]

Throughout history, there has been a conflict between solid currencies such as gold and silver and fiat currencies. Bitcoin has emerged on the stage of history as an additional alternative to solid currencies such as gold and silver. I'm already on the side of solid coins. That's why I love Bitcoin so much. We don't need to count the extra great things like peer-to-peer payment, decentralized structure, semi-anonymous structure, financial freedom and portability...

[yudi09]

Then why is it so difficult for governments to accept Bitcoin or other cryptocurrencies as currency. I believe, most of the current use of Bitcoin is private parties, while government agencies are more controversial and even reject Bitcoin.
If Bitcoin is good, why don't they use it? Of course this is a question that arises in our minds.
We know that most state institutions around the world are not clean from corruption. So they reject the transparency system that can interfere with their actions, namely corruption. They don't reject Bitcoin, but they reject the transparency system that exists in Bitcoin. My assumption is so, although the assumption is too much.

The third party just doesn't want to make any official recognition of the benefits of Bitcoin. They personally continue to set aside money to invest in Bitcoin because they know that Bitcoin can be a valuable asset in the future.

In line with your assumptions. None of their institutions are clean from corruption. Because the Bitcoin system is very transparent, those who still put their personal interests first will still reject the Bitcoin transparency system.
As supporters who will always support Bitcoin, we better forget about the third party because it can waste energy.

[rendravolt]

Throughout history, there has been a conflict between solid currencies such as gold and silver and fiat currencies. Bitcoin has emerged on the stage of history as an additional alternative to solid currencies such as gold and silver. I'm already on the side of solid coins. That's why I love Bitcoin so much. We don't need to count the extra great things like peer-to-peer payment, decentralized structure, semi-anonymous structure, financial freedom and portability...

I agree with some of the points you mentioned. Maybe for me, who is tired of carrying paper money everywhere, of course it is very annoying. Moreover, if I forget to bring the money I have to go to the money withdrawal machine. With bitcoin everything will be easy to make payments, it's just that the level of adoption of bitcoin must be truly universal for all people to achieve that.

[GideonGono]

What I like about Bitcoin or crypto is the anonymity and how we could earn on our own time.
How easily we could use it to be honest I know some people who actually had crypto wallet first before having a bank account because of the same reason, they want anonymity.

[Maidak]

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.

Then why is it so difficult for governments to accept Bitcoin or other cryptocurrencies as currency. I believe, most of the current use of Bitcoin is private parties, while government agencies are more controversial and even reject Bitcoin.
If Bitcoin is good, why don't they use it? Of course this is a question that arises in our minds.
We know that most state institutions around the world are not clean from corruption. So they reject the transparency system that can interfere with their actions, namely corruption. They don't reject Bitcoin, but they reject the transparency system that exists in Bitcoin. My assumption is so, although the assumption is too much.

Bitcoin like everything else in the world, cannot please everyone. The government saying bitcoin is not good does not mean not good, not good for them but it has a lot of benefits for us, maybe it's not good for you but for me it would be great. The transparent system is what makes bitcoin different from the fiat they created, decentralized, transparent is the core of bitcoin, so they can't accept it. If they accept bitcoin, they won't be able to hide the crime they are committing behind the backs of citizens who trust them.

[salad daging]

For beginners who are just getting into bitcoin, there must be a lot of fear when they see such a long bear market. because FOMO still really always affects beginners. but if they dare to collect from now on and hold it until the next bull market comes along. I'm sure they will love bitcoin even more. And those who don't buy now will regret it when bitcoin returns to its ATH. I'm still a beginner but someone taught me how to accumulate bitcoin in a simple but effective way, namely DCA. I hope other beginners will also use this strategy and learn it first. I love bitcoin more because I find freedom in it.

Fear will always stick with us when there is a prolonged bear market or other bad news that affects prices that go down, I think it's natural because they are just starting out, so when there is anxiety in the mind of course it can't be controlled and it is often the wrong steps to take. taking action knowing nothing when faced with bad news from to unpredictable markets.

That experience will change your mindset for the better to get to know bitcoin more deeply, let alone have the courage to collect bitcoin slowly without any fear, of all that requires the guidance of others so that you can feel confident when facing any problem, and indeed regret it is always there when there is an opportunity that cannot be used, maybe all investors experience the same thing, but with that experience you will think a little more deeply. how to collect bitcoins.

The DCA strategy is simple and effective but it all has to think about our expenses as described earlier, in essence there must be an adjustment to needs and separate it from bitcoin.

Honestly, it's not easy to go for a long time with that strategy but whatever it is you have to do, if you don't do it then of course you won't know the experience you are going through.

[add1ct3dd]

As an intangible currency, Bitcoin is an asset that will stay in the event of a natural disaster. This applies to people who already have Bitcoin as an asset. This is one of the advantages of Bitcoin and Bitcoin will be a virtual currency that has a very high price someday even though the current price is still $19.xxx.

In general yes but personally it depends. If you store your keys on a paper or even in a steel and you don't back it up on other locations then you might still lost your btc whenever there are natural disasters. You can say that you have done some back up including online but you can't still access your btc's right away if there is no internet or electricity in the area caused by natural disasters.

The one that can be affected with this are not only those who use their btc as an asset but also those who use their btc as a currency. This is one of the disadvantages of having a virtual currency/asset such as bitcoin but this doesn't discourage people to have a btc because natural disasters doesn't occur at all times.

[Zanab247]

You don’t have to physically carry it around.

Yes, that is why many people like Bitcoin and they will continue to like Bitcoin, because you can use it to buy what ever you want in the market without holding it like fiat money before they can release the products to you in the market, because people know that Bitcoin is different from fiat money. Bitcoin is very easy to move from one place to another without the fear of robbers, because it will be difficult for the robbers to know if you have $50b or $100b in your wallet at the moment compared to fiat money you will use security personnel before you can be able to move $500b or $100b from one location to another within the country.