Why Bitcoin is the most Preferred Choice

[crunck]

And anyone can have Bitcoin whether you are rich or you are a middle-class type of person or even poor person.

What I like most about bitcoin is that it is open to everyone, regardless of rich or poor, all can invest in bitcoin. It's not like gold or real estate, you need a large amount of money to get started. But with bitcoin it is different, as long as you have money, don't need much or little and if you have more knowledge, you can also get rich from it. That's the great thing about bitcoin.

[1715349314]

1715349314

[1715349314]

1715349314

[1715349314]

1715349314

[ilovealtcoins]

Bitcoin as so many advantages as an assets it change people's lives globally today without bitcoin some people would have still they suffering, the main is for you to make your transaction with depending on anyone.
 

Bitcoin changes many people's lives but not everyone will become richer, there are many people investing in bitcoin losing and losing a lot. Bitcoin is a highly profitable investment but needs analysis and research, if you buy bitcoin for $69k, you are currently making a loss, not a profit.

I started Bitcoin with more than 50,000 US dollars, although I saw people in the forum often said that long-term holding requires faith and faith. But what I want to say is that this process is very painful. I see my assets slowly draining day by day. Coupled with the economic downturn in recent years, sometimes ideals lose to reality.

Long-term holding will definitely bring you profit but you also need to remember, if you can buy bitcoin at low price then the profit it gives you will be better. But if you buy it at a high price, it won't necessarily make you lose but the profit will be very small. As you said it looks like you bought bitcoin at a high price, what you need to do now is absolutely not sell, hold until bitcoin recovers. No selling is no loss, 1btc=1btc.

[GigaBit]

Bitcoin is superior from fiat currencies and gold in their primary function, it is called decentralized medium of exchange with having extremely low exchange fees. Very beginning it was invented as a trust less medium of exchange outside the global banking system that was intended to replace fiat currency. It is slowly gaining acceptance.

Bitcoin is finding more acceptances in countries with weak currencies as a means of exchange in everyday life Bitcoin Dash's ease of use has led to widespread and growing acceptance in countries grappling with high inflation, such as Venezuela, as well as in Europe and Asia.

Bitcoin Today reflects our belief that Bitcoin is beginning to fulfill its promise as a fast, seamless, international medium of exchange. Bypassing  the international banking system and avoiding high fees. Depending on the various advantages and potential of the exchange, we can agree that Bitcoin is now positioned higher than fiat and gold.

[yazher]

Bitcoin is preferred over others because it has a positive history where when the price has dropped, it always recovers, and sometimes, it exceeds the investor's expectations because bitcoins price reached a new ATH just like what happened in the last bull-runs. right now, they have high trust and they are always buying some bitcoins whenever the price is low because of the past history where the price will always recover, they don't feel any doubt rather they are just relaxed and steady. compared to the other altcoins, some are always failed and most of the time cannot recover their old high price and continue to fall until it no longer in the market.

[len01]

from the first time I understood about investing and I compared Fiat, gold and bitcoin investments I decided to choose bitcoin as a long term investment asset.
the reason I chose bitcoin is because for me when investing in an asset I don't want anyone to know how much my asset is and on the other hand I also want bigger profits when investing in the long term. so that it is not in vain to invest for a long time and get the appropriate profit.

and my opinion about investing in gold or Fiat is like being watched by the government or other people who know it and it's like a waste of investing for a long time but very little profit

[alexandr1115]

I think this is also somehow related to the fact that Bitcoin was created as the first cryptocurrency and therefore it is given more attention than other alternative cryptocurrencies! This is also an important factor! In any case, there is a lot of emphasis on this! It is also worth noting an important point that bitcoin is often called digital gold, and this also plays a role!

[valeneu]

Bitcoin is preferred over others because it has a positive history where when the price has dropped, it always recovers, and sometimes, it exceeds the investor's expectations because bitcoins price reached a new ATH just like what happened in the last bull-runs. right now, they have high trust and they are always buying some bitcoins whenever the price is low because of the past history where the price will always recover, they don't feel any doubt rather they are just relaxed and steady. compared to the other altcoins, some are always failed and most of the time cannot recover their old high price and continue to fall until it no longer in the market.

Many people regard Bitcoin as the first choice for investment. Because there is greater growth potential in cryptocurrencies. And Bitcoin is the most valuable asset anyone, anywhere can own. It also provides investors with a better rate of return, which has aroused great interest from investors.

[Blawpaw]

Bitcoin was a gift from Satoshi to the world. It is the most perfect asset to this day as it gives the power back to the people as well as it presents an hadge against the current system constant inflation.

[bitcoindusts]

I think Bitcoin is the most preferred choice because it has the most liquidity, most accept cryptocurrency and the most secured network.  Every investors preferred a secured investment and Bitcoin give it to them.  There is no instance of Bitcoin network (except for the early ones that was promptly patched and fixed) hack while other cryptocurrency have an incident of hacking every now and then.  Having most liquidity means anyone can cash out Bitcoin without any problem and the most recognized by the government because there are already several countries that accept it as mode of payment.

[DanWalker]

Bitcoin is superior from fiat currencies and gold in their primary function, it is called decentralized medium of exchange with having extremely low exchange fees. Very beginning it was invented as a trust less medium of exchange outside the global banking system that was intended to replace fiat currency. It is slowly gaining acceptance.

Bitcoin is finding more acceptances in countries with weak currencies as a means of exchange in everyday life Bitcoin Dash's ease of use has led to widespread and growing acceptance in countries grappling with high inflation, such as Venezuela, as well as in Europe and Asia.

Bitcoin Today reflects our belief that Bitcoin is beginning to fulfill its promise as a fast, seamless, international medium of exchange. Bypassing  the international banking system and avoiding high fees. Depending on the various advantages and potential of the exchange, we can agree that Bitcoin is now positioned higher than fiat and gold.

We cannot compare bitcoin's superiority in cross-border remittances and then conclude that bitcoin is positioned higher than fiat and gold. All have advantages and disadvantages, and there is no need to compare or choose only one while no one forbids us to select all 3. For daily spending transactions, fiat prevails with small transactions for which we will not incur additional transaction fees. Meanwhile, gold would be a great choice to keep our assets from depreciating due to inflation and bitcoin is a highly profitable investment or used to transfer money across borders at a meager cost.

[m2017]

This is not the first time I see this picture confirming that bitcoin is superior to gold and fiat on the forum. Moreover, it was discussed here repeatedly. What new OP brings up for discussion?

Completely disagree with points 4 and 5.
4. Bitcoin has a very high risk compared to traditional investment vehicles and is considered a risky asset, due to which it shows a high return.
5. Does btc have no price manipulation? Are you kidding? Bitcoin is still very much subject to manipulation.

[cheezcarls]

source

Bitcoin is Better

One can actually proof this over and over again on the uniqueness of bitcoin as the best and preferable source of an asset and a digital currency that has every tenderness to solve the demanding economic challenge with applicable solutions on many areas in its application, gold is good but bitcoin is a better form of an asset trending whereby everyone want to learn about bitcoin, fiat currency couldn't solve the inflation problem and is being affected to the worst extent where recession now becomes a threat on world economy, here the illustration gives the impression of bitcoin being identified as the choicest and most preferred means to invest with, its both the combination of an asset and a currency in which either gold or fiat couldn't serve and that's why you discover that bitcoin has achieved a milestone worthwhile only within a couple of years.

What you benefits with Bitcoin against fiat or gold

While in addition to what the above illustration gives about bitcoin, i will like to add and give these five quogent points along with what difference bitcoin comes with.
 
1. Decentralization of assets
2. No KYC required for investment
3. Digital and secured form of asset and currency
4. High profitability with less risk
5. No inflation tolerance or price manipulation

Highly agree! I do DCA with Bitcoin (and Ethereum) and storing them in a cold wallet like Ledger Nano S. I only believe in both of them to do DCA because of their capability to come back stronger no matter how long the bear market will last, as well as their massive adoption worldwide despite other countries (and banks) aren’t in favor of it.

I still regretted up to this day for not riding the wave during the 2018 bear market because of fear. If I did buy and hold some BTCs back then and then sold them at an all-time high of $68k, I could have profited a lot.

[kamvreto]

~snip~Completely disagree with points 4 and 5.
4. Bitcoin has a very high risk compared to traditional investment vehicles and is considered a risky asset, due to which it shows a high return.
5. Does BTC have no price manipulation? Are you kidding? Bitcoin is still very much subject to manipulation.

I also agree with you. about point number 4 and 5 not like what Op said, because the risk of cryptocurrency is very high to be investment advice for beginners. High risks of loss also accompany high returns. so about a small risk of course wrong. All investments have their own level of risk, including bitcoin, which has a greater risk if you can't control it.
and regarding price manipulation, Bitcoin or crypto is indeed very vulnerable to manipulation. Whales or institutions that have a lot of money can manipulate bitcoin prices, although not completely. But the manipulations made will greatly affect the bitcoin price. Several FUDs and News created aimed at lowering and increasing the price of bitcoin on the market. So price fluctuations will be very fast depending on the manipulation done.

[alexandr1115]

I think Bitcoin is the most preferred choice because it has the most liquidity, most accept cryptocurrency and the most secured network.  Every investors preferred a secured investment and Bitcoin give it to them.  There is no instance of Bitcoin network (except for the early ones that was promptly patched and fixed) hack while other cryptocurrency have an incident of hacking every now and then.  Having most liquidity means anyone can cash out Bitcoin without any problem and the most recognized by the government because there are already several countries that accept it as mode of payment.

Yes, I agree with you! Really! I've also never heard of a Bitcoin blockchain hack, and that says a lot!! Even the Ethereum platform has been hacked, if I'm not mistaken, and could this have something to do with the fact that the Ethereum platform is centralized??? What do you think about this??

[isaac_clarke22]

Bitcoin was a gift from Satoshi to the world. It is the most perfect asset to this day as it gives the power back to the people as well as it presents an hadge against the current system constant inflation.

This is pretty much it. It is kind of a gift that we will never ever get from any other people aside from Satoshi. Back then, I thought that credit cards and debit cards were like the peak of how digital payments can be done. I was thinking of like what other solution could be made aside from just using those then I realized that we already had Bitcoin and I saw freedom and decentralization from it that I could never ever saw from other digital payments that I saw here in my country.

I just wish that I had discovered Bitcoin earlier when I was establishing a "small business".

[stadus]

And anyone can have Bitcoin whether you are rich or you are a middle-class type of person or even poor person.

What I like most about bitcoin is that it is open to everyone, regardless of rich or poor, all can invest in bitcoin. It's not like gold or real estate, you need a large amount of money to get started. But with bitcoin it is different, as long as you have money, don't need much or little and if you have more knowledge, you can also get rich from it. That's the great thing about bitcoin.

It is certainly open for everyone, but for poor? I don't think that it is really the case. How about those poor who can barely feed themselves and their family thrice a day? Some people can even afford to feed themselves twice and yet you think that they will really allocate some of their money to invest on bitcoin. I don't think so. I got your point but bitcoin is not for everybody especially if the goal is to invest because that also meant saving.

Bitcoin is no doubt the preferred choice for everyone who is looking for something to invest in.

[yhiaali3]

There is a lot of talk to be said on this subject, but let's talk from the data that took place on the ground.

Bitcoin has proven to be better than fiat money, gold and other assets and it has also proven to be better than all other crypto assets and investments.

- Regarding money and financial assets: it proved its failure through the events that took place during the Corona epidemic and the current crisis due to the Russian-Ukrainian war, while on the other hand, we see that Bitcoin maintained its value and high position despite all the major events that it was exposed to.

- As for crypto assets and investments: We have seen through recent events, especially the FTX disaster, and before it Luna, how all these projects failed and people lost confidence in all these cryptocurrencies and centralized platforms, except for Bitcoin, which proved to be the only safe asset (as long as it remains in the wallets that we have the private keys to).

[serjent05]

from the first time I understood about investing and I compared Fiat, gold and bitcoin investments I decided to choose bitcoin as a long term investment asset.
the reason I chose bitcoin is because for me when investing in an asset I don't want anyone to know how much my asset is and on the other hand I also want bigger profits when investing in the long term. so that it is not in vain to invest for a long time and get the appropriate profit.

and my opinion about investing in gold or Fiat is like being watched by the government or other people who know it and it's like a waste of investing for a long time but very little profit

For a trader, a highly fluctuating trading asset is the preferred choice.  With high fluctuation, there is plenty of room to speculate and play with the market.  Traders do not want a boring market where fluctuation is almost missing.  Bitcoin has shown this property, the reason why many traders flocks to the Bitcoin market.  Another thing is high liquidity, Bitcoin can be sold anytime.   Aside from that, investors wanted higher gains after long-term holding and Bitcoin also meet that.  every 4 years Bitcoin price tends to create new all-time highs in the market.  Aside from opening windows for entry when the market becomes bearish.

Aside from the natural given feature of Bitcoin being unmutable transactions, cheaper international frictionless transfers  Bitcoin market offers a potentially huge profit for people who learned how the market move.

[Hypnosis00]

There is a lot of talk to be said on this subject, but let's talk from the data that took place on the ground.

Bitcoin has proven to be better than fiat money, gold and other assets and it has also proven to be better than all other crypto assets and investments.

- Regarding money and financial assets: it proved its failure through the events that took place during the Corona epidemic and the current crisis due to the Russian-Ukrainian war, while on the other hand, we see that Bitcoin maintained its value and high position despite all the major events that it was exposed to.

In general, Bitcoins give more benefits than fiat and gold. And this is one reason why many people got interested in Bitcoin. The Covid-19 crisis proves to us that Bitcoin can survive despite the difficult times and global market crisis.

- As for crypto assets and investments: We have seen through recent events, especially the FTX disaster, and before it Luna, how all these projects failed and people lost confidence in all these cryptocurrencies and centralized platforms, except for Bitcoin, which proved to be the only safe asset (as long as it remains in the wallets that we have the private keys to).

Despite the big issue some of cryptocurrencies and exchanges, people still give their trust in Bitcoin because they know that it was different from others and never disappoints them. Though it was not the safest asset, at least we know that Bitcoin can be trusted.

[nurilham]

2. No KYC required for investment

It depends on where you are holding your Bitcoin.
If you keep it on an exchange (CEX), you possibly do KYC procedure. But if you keep your Bitcoin in private wallet, it has no KYC procedure.

4. High profitability with less risk

BTC or Altcoins are high risk assets. It is untrue if you claim BTC is less risk.
But I agree that Bitcoin has the potential for big profits because of its price volatility.

5. No inflation tolerance or price manipulation

I think BTC price can be manipulated sometimes. You must know that whales have the power to manipulate BTC price in the market.