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Author Topic: Why are you interested in bitcoin?  (Read 950 times)
Raceonsucced (OP)
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February 05, 2023, 01:14:17 PM
 #1

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?

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February 05, 2023, 01:37:26 PM
 #2

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?

You can benefit from bitcoin a lot, first of all, it can be an opportunity for you to earn money if you are unemployed right now, how do you do that? Of course, you need to know and learn how to have bitcoin and how to do trading in this industry.

    In addition, this bitcoin can also be saving for your future, the beauty of this is that the value you sell for bitcoin can be 10x or 100x depending on what happens, then you can also apply it to a business if you already have a business, and you can send 24/7 even anywhere in the world via money transfer.



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February 05, 2023, 02:40:21 PM
 #3

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?

I'm not qualified to answer your question because until now i have never bought Bitcoin. I just want to share my perspective on Bitcoin, and why we should invest there (not talking about the technology). First of all, Bitcoin has a max supply of 21M coins. This number will never increase, which means there will be a limit to inflation in Bitcoin. In contrast to gold which does not have a maximum supply. From this point of view, we can judge that Bitcoin has more store of value than gold which people say is the best store of value.

Even though i haven't been able to buy Bitcoin, at least i can get it for free through the faucets that i currently use, such as Bestchange, Freebitco.in and Yannik.biz. Hopefully i can get my first Bitcoin in the near future.

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February 05, 2023, 02:48:14 PM
 #4

Profit potential. I guess most of the people here have the same reason. Not unless you are having big transactions on a daily basis 'coz avoiding tax might probably be the reason. But if you're a casual investor, it is obvious that market volatility could be taken advantage especially if you have the knowledge of somehow drawing a pattern not only with Bitcoin but also with other cryptocurrencies' market price. Indeed it is more risky compared to stock and property investments but in any field, high risk means high profit. The rate of increase is simply the proof. Just if you have the knowledge but if you are just here because of impressions, much better to have a pause and learn things be first.

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February 05, 2023, 02:48:59 PM
 #5

If you don't really understand bitcoin then you need to read this article.

[1] https://www.coindesk.com/learn/
[2] https://bitcoin.org/en/how-it-works
[3] https://bitcoin.org/bitcoin.pdf

Many people are attracted to bitcoin because of its technology, privacy, anonymous, P2P etc. Why am I interested because a significant increase can be more than 10x or even more, but don't just look at it from the sweet side, because volatility is very high, the risk is high, all of that must be understood and this article will help you understand it a little.

From my point of view why choose bitcoin to invest because in the future bitcoin will be higher for several reasons.

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February 05, 2023, 03:10:00 PM
 #6

One thing that interests me about Bitcoin is the fact that it helps me make secure and transparent payments without the fear of figure manipulation and the fact that it's different from traditional currencies, which mean no physical Bitcoins, so they cannot be counterfeited or stolen by hackers unless I am the one who misplaces my key phrase.

It's a form of investment and savings for my future generations, and it's fun to be part of the innovative technology that is gradually dominating the digital market.

R


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February 05, 2023, 03:13:11 PM
 #7

Profit potential. I guess most of the people here have the same reason. Not unless you are having big transactions on a daily basis 'coz avoiding tax might probably be the reason. But if you're a casual investor, it is obvious that market volatility could be taken advantage especially if you have the knowledge of somehow drawing a pattern not only with Bitcoin but also with other cryptocurrencies' market price. Indeed it is more risky compared to stock and property investments but in any field, high risk means high profit. The rate of increase is simply the proof. Just if you have the knowledge but if you are just here because of impressions, much better to have a pause and learn things be first.
Right. The initial interest in bitcoin was for the potential for profit. If talk about me. Later, with a little more in-depth study and the beginning of awareness of the possibilities of this technology, interest turned towards financial independence and digital freedom. It still seems unimaginable to me. You can be anywhere in the world and not depend on any banks and governments.

OP. If you want to learn more about bitcoin - just start reading info on this forum and your efforts will be rewarded.

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February 05, 2023, 03:13:57 PM
 #8

I'm not that interested in "investing" in bitcoin. From the day I found out about bitcoin which was back in 2014, I have been interested in it as a decentralized currency that I can use for a lot of things. Consequently I'm more interested in using bitcoin and earning it as you would any other currency.
The reason for that is the uniqueness of bitcoin as a currency. And of course the increased purchase power, which you could call "profit" is the cherry on top.

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February 05, 2023, 03:14:30 PM
 #9

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?

I become interested on Bitcoin when I’m newbie because of online casino and faucets. Online casino that rime is new to me since physical casino is not accessible in my location that time. I learned that I can earn Bitcoin by just solving captcha on faucet so that I can play on gambling.

I later on become interested on blockchain and privacy as time passes by which makes me invest more rather than just waste it on gambling. I saw the future on blockchain which banks can’t do. I realized that banks make our life harder in terms of managing our finances and sending it to someone. Blockchain is the future money is what I’m thinking when I become a believer of Bitcoin.

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February 05, 2023, 03:19:17 PM
Merited by fillippone (2)
 #10

Bitcoin is a currency that has the potential to make global finance much more democratic with open, transparent, and peer-to-peer payments. Bitcoin offers a fantastic alternative to the current private banking system when used.

One thing is certain, I am also intrigued by the idea of a shared future – no matter how you look at the future, there are probably many areas of life where technology can help improve our situation. Bitcoin is very interesting because it is one of the first systems based on a completely open protocol, which allows anyone to implement the idea in new and exciting ways.

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February 05, 2023, 07:58:29 PM
 #11

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys.
Welcome here!

I want to ask you guys. Why are you interested in investing in bitcoin?
It's because of having a limited supply. The supply limit that it has is 21 million but as of now, its current supply in the economy is around or nearly 19.3M BTC.

And the remaining other supply will have a long time before it reaches the max cap.

Aside from that, the experience that I've got by investing in bitcoin has already proved me that having its features has the potential to move its value.

I'll be having the payment for things that I want to buy with the use of bitcoin but only for selected shops and has an investment at the same time.



.
.BIG WINNER!.
[15.00000000 BTC]


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February 05, 2023, 08:09:40 PM
 #12

I have to say the main reason why I got here was the fact that I liked the freedom it provided. There is a good chance that we could come up with a more free way to use fiat as well one day, and in many sci-fi future movies we have so many different currencies, why do you think when people make movies or write books about the future and get rid of the fiat we use today? Or even in the past, when you write a fantasy novel, why do we talk about silvers and golds? That is mainly because people all realize that the current system is open to corruption and bad management, hence why we need to find something else. I believe that I found that better thing with bitcoin, and even if it doesn't become a legal tender, it could be at least a blueprint for something much better.

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February 05, 2023, 08:21:57 PM
 #13

I am interested in Bitcoin majorly because of the economic situation in my country. For some time now the value of the country's currency has fallen so much such that your money in the bank virtually has no value. So this is where bitcoin comes in I moved all my money and bought Bitcoin. I left it in a cold storage wallet. Not like when I had most of my savings in Fiat and had no peace of mind I am rest assured that my investment in Bitcoin is secured and that I have nothing to worry about.

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February 05, 2023, 08:27:25 PM
 #14

Because Bitcoin rising in value in the long term is a very good and conservative bet. Supply is fixed, and so is its schedule. That's a game changer. Before 2009, whatever you could think of, literally everything, if demand was risen, so would its supply. Food, stocks, gold, houses, everything; if people wanted more of that thing, it'd magically increase in supply. Except bitcoin.

But besides that, I believe people will evaluate it better as time goes by.

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February 05, 2023, 08:33:00 PM
 #15

We have so many reasons that will make someone to be interested in Bitcoin like for example we have decentralization, anonymous, fixed supply, and the fact that it doesn't have location restrictions. Bitcoin has been able to solve so many problems that we face with our banks. I for one I'm interested in Bitcoin because of level of anonymous it provides and the thought of no government agency been involved in my financial life when using Bitcoin just makes it more interesting.

Aside from all that it can still serves as a means of investment and this is the part that have been able to captivate the attention of most youths in my country. 

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February 05, 2023, 09:05:22 PM
 #16

if you don't really understand about bitcoin you can study in this forum and you will find lots of threads discussing why someone invests in bitcoin.

High-profit potential: The price of Bitcoin has shown an increasing trend in recent years, which makes it an attractive option for investors looking for high-profit potential.
Anonymity: Bitcoin offers anonymity, because transactions are not tied to a user's personal identity.
Decentralization: Bitcoin is decentralized, no single entity or government has control over it.
Portability: Bitcoins can be carried anywhere and transferred easily without large fees.
Keep in mind that Bitcoin also comes with some risks, such as high price volatility and security issues.
Before investing, it is advisable to do some research and understand the risks associated with investing in bitcoins.
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February 05, 2023, 09:06:34 PM
 #17

We like the ideas of decentralization: independence, reliability, immutability.

Our dream is not about expensive bitcoin, but about using it everywhere. We don't care how much someone can earn on this, if the work is paid not in dollars per hour, but in bitcoins per hour.

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February 05, 2023, 09:22:41 PM
 #18

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
Financial Freedom, anonymity and somehow I feel proud or something when I hear great news about crypto, like even though I am only an investor I feel like I am part of something big.
I believe on it and for me it is better than letting my money sit on bank account.



.
.BIG WINNER!.
[15.00000000 BTC]


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February 05, 2023, 09:23:29 PM
 #19

It is quite frankly one of the most important inventions of the last century, right up there with the internet and reusable rockets. Satoshi Nakamoto was a genius and more importantly a bold individual to not only propose something that operates like bitcoin but actually create it.

It ticks all the boxes of an alternative financial system and has the features of,
- Decentralization,
- Full autonomy,
- Transparency,
- Immutability,
- Consensus based,
- Pseudo anonymity.

The bitcoin revolution led to a couple thousand altcoins being created, and even though many are scams and shitcoins, it fueled this decentralized system when anyone can change the world from the corner of their room, or try to.

- Jay -

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Lida93
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February 05, 2023, 09:53:00 PM
 #20

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
There are plethora of good reasons why anyone should be interested in investing in bitcoin. Many persons what to have direct control and custody of their money without an external influence from any authority and that's what bitcoin offers as a decentralized asset. It should interest you to know that bitcoin is also a store of value, and a source to long term investment. Etc.
For me I am mostly interested in bitcoin because it's a source of stream of income for me which is not under any central authority which makes me feel completely in charge and responsible for my financial decisions.

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February 05, 2023, 10:00:36 PM
Last edit: February 05, 2023, 10:13:51 PM by Ojima-ojo
 #21

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
I am interested in bitcoin because Bitcoin is the future of money, and the best alternative to fiant money and an edge over inflation.
Bitcoin is taken

Bitcoin also doubles as the best store of value and a long-term asset, this and much more quality of bitcoin is what interests most about the coin.

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February 05, 2023, 10:25:13 PM
 #22

Most of us are interested in investing in bitcoin because of the possible profit offers in the Bitcoin market.  Aside from that, Bitcoin technology is one of the future if finance so many people are getting interested and even some country adopt it as a legal tender.   Also getting involved in the Bitcoin economy opens a global opportunity so many company also invest in Bitcoin trying their luck in Bitcoin ventures.

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n0ne
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February 05, 2023, 10:39:27 PM
 #23

As majority of the users I'm also much into the profit one can able to make through bitcoin investment. It is much risk involved, but based on the understanding and the patience one have, it is possible to make good profit. Initially the money making drove me into bitcoin and slowly started understanding the real purpose of bitcoin. Now I find it to be the best than the traditional system as we're the control of our own money than someone else having control on our funds.

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February 05, 2023, 11:41:17 PM
 #24

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
First, I'm into technology, I can say I'm a tech guy. And that is one of the reasons why I am interested in Bitcoin. When I first heard about Bitcoin, I became curious, and my curiosity brought me to Bitcoin later on, I convinced myself to invest in Bitcoin, not only in money but time also to learn every part of Bitcoin, which I really amazed.

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February 05, 2023, 11:43:44 PM
 #25

We have all head about how bitcoin has come to change alot of people and made them own different things,that what brought everyone get to involve in it.

You need to make more search about bitcoin and making sure you understand what bitcoin is,how it work and what are they common risky you can fine.
For you to be and investor in bitcoin or and cypto industry you need to know everything about the basics and make your one research about with you are investing into,make sure you know about the advantage and disadvantage of it so you will not be lost.

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February 05, 2023, 11:53:33 PM
Last edit: February 06, 2023, 12:32:09 AM by Marvell1
 #26

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?

I don't know what everyone's reason is, but for me, I'm interested in bitcoin for profit. I really like its volatility as it can give me higher returns compared to other investments, I believe almost 99% of the people here like me are for the profit of bitcoin.

I used to be a forex investor and I am very interested in online investing. Ever since I got to know bitcoin, I have almost left forex, forex investment also gives very good returns, but I prefer bitcoin and cryptocurrencies because I can make a bigger profit even though the risk is not small.

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February 05, 2023, 11:59:31 PM
 #27

Profit? Investment and asset value security? I mean, there's a ton of things that people can just throw around here and there, but the main reason would surely be money. A lot of people here are hypocrites if they say that money isn't the moving factor why they invested in bitcoin. Only hardcore cryptography and programming enthusiasts can say otherwise. But yeah, money and financial freedom - that's what your goal should be if you want to invest in bitcoin.

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February 06, 2023, 12:10:29 AM
 #28

because bitcoin is a valuable asset to invest in, because it only has a supply of 21000000. so i think bitcoin will have a high price in the future. and also investing in bitcoin has a small risk. I think the reason is as simple as that, or for more clarity, try to see the link provided by your friend in this forum that answers your topic.
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February 06, 2023, 12:25:06 AM
 #29

Because I live in a place where economical crisis and corruption make life harder than it should be. Bitcoin it is a reliable place to save some money in long term in a discreet way. Also, this is an inflationary economy, so using local FIAT to save money is not an option for the common people.

For these reasons and even others, Bitcoin and Stablecoins are very popular around here.

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uneng
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February 06, 2023, 12:54:34 AM
 #30

Because I live in a place where economical crisis and corruption make life harder than it should be. Bitcoin it is a reliable place to save some money in long term in a discreet way. Also, this is an inflationary economy, so using local FIAT to save money is not an option for the common people.

For these reasons and even others, Bitcoin and Stablecoins are very popular around here.
I share more or less the same point of view you have. I'm into bitcoin because it has been the tool I've found to save and invest money thinking on long term, instead of putting it in a bank account to earn less than inflation. I try to avoid national currency as most as I can, and that is how I'm making my money last longer, maximizing it to its full potential. I just don't adopt stablecoins because I think they are risky due to being operated in a centralized form by private companies.

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February 06, 2023, 02:32:55 AM
 #31

Profit? Investment and asset value security? I mean, there's a ton of things that people can just throw around here and there, but the main reason would surely be money. A lot of people here are hypocrites if they say that money isn't the moving factor why they invested in bitcoin. Only hardcore cryptography and programming enthusiasts can say otherwise. But yeah, money and financial freedom - that's what your goal should be if you want to invest in bitcoin.

Even if it's a programmer, their goal is the same as ours, it's money, if passion does not make money, that passion is not worth pursuing. Let's say bitcoin is a technology, but if it's not profitable, I believe they won't care about it either. We all need to eat to live and enjoy life, without money we will die. I also agree with you that too many people here are hypocritical in saying that they invest in bitcoin not for profit. Technology, privacy, anonymity, and being your own bank make no sense if bitcoin doesn't make a profit, it's true.

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February 06, 2023, 02:57:49 AM
 #32

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?

I also want to ask you, why you are interested in bitcoin. I don't want to be hypocritical like the people who always say morality here, I care about bitcoin because I need money, bitcoin can bring me to profit as well as can make me rich, while the other investments can't help me. Because the volatility as well as the sharp rise in the price of bitcoin can make me more money than other asset classes.

.
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February 06, 2023, 03:12:35 AM
 #33

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
I personally might because the return is very good or it can also be used as a promising income and has the potential to guarantee the future or old age, besides that it has the potential to revolutionize the way money works in our society.
and bitcoin also offers a decentralized, secure and transparent way to store and transfer money and all that makes things as simple as possible, and this makes it attractive to both investors and myself looking for alternative investments and what's more attractive about bitcoin is its freedom and being my bank Alone.

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February 06, 2023, 03:15:22 AM
 #34

Two reasons. Bitcoin is a good investment. And bitcoin is the money of the future. You don't need a bank to buy, sell or use it. It's crazy important right now when officials try to controll your every move and can ban your bank account if they want.
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February 06, 2023, 03:29:46 AM
 #35

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
everything related to bitcoin makes me interested, one of which is in terms of payment, in terms of ownership, and a decentralized system.
of the many interesting things about bitcoin, what made me most decide to buy bitcoin is decentralization.
for me decentralization is very interesting and very unique, which is certainly rare in other currencies.

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noorman0
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February 06, 2023, 04:46:54 AM
 #36

Profit? Investment and asset value security? I mean, there's a ton of things that people can just throw around here and there, but the main reason would surely be money. A lot of people here are hypocrites if they say that money isn't the moving factor why they invested in bitcoin. Only hardcore cryptography and programming enthusiasts can say otherwise. But yeah, money and financial freedom - that's what your goal should be if you want to invest in bitcoin.

I can't say it's hypocritical if you ask “how did you start”, that's right about profit. But the more you get into the system (regardless of whether you are not a programmer), you will experience many benefits beyond just portfolio growth.
People have to step outside the trading sphere every once in a while in order to gauge that bitcoin can do something more than fiat.

This space for rent.
Available in mid January 2024 - PM me
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February 06, 2023, 05:05:57 AM
 #37

We like the ideas of decentralization: independence, reliability, immutability.

Our dream is not about expensive bitcoin, but about using it everywhere. We don't care how much someone can earn on this, if the work is paid not in dollars per hour, but in bitcoins per hour.

I can agree with your words but deflationary nature of bitcoin which makes it more expensive with time is also important in some way: you can not worry about if your holdings will depreciate and if you lose your pension or smth like that. So it is so easy holding bitcoins and being calm that it is a very important part of bitcoin for me. It is not important that it can grow up high or not, it is important that it will not depreciate.

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February 06, 2023, 05:16:34 AM
 #38

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?

There are so many reasons why I'm now interested in Bitcoin, at first it started as I was looking for means to increase my financial capabilities and it turns out that it was possible if I Invested on Bitcoin. As I grow in the industry other reasons like its decentralization, anonymity, less time consumption and very effective means of sending borderless transaction has came me going and of course it's price appreciation is another factor.
With investing in Bitcoin, you can be assured of having a financial stress free life without having to put much time into monitoring your investment. You just buying and holding is enough for you to benefit all that the future holds for the currency.
If you invest in Bitcoin, I don't see any discouragement that can change your mind. Even though you were to lose all you have made from trading or investing in the market, other factors would keep you interested and make you want to start all over again.

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February 06, 2023, 05:29:23 AM
 #39

We like the ideas of decentralization: independence, reliability, immutability.

Our dream is not about expensive bitcoin, but about using it everywhere. We don't care how much someone can earn on this, if the work is paid not in dollars per hour, but in bitcoins per hour.

I can agree with your words but deflationary nature of bitcoin which makes it more expensive with time is also important in some way: you can not worry about if your holdings will depreciate and if you lose your pension or smth like that. So it is so easy holding bitcoins and being calm that it is a very important part of bitcoin for me. It is not important that it can grow up high or not, it is important that it will not depreciate.
The fixed upward limit on the supply despite being so simple is one of the most innovative aspects of bitcoin as not even gold has that limit, this makes bitcoin the hardest form of money ever created, and when we consider all the other characteristics of bitcoin it becomes obvious why is so expensive.

And as the years go by and bitcoin keeps getting more expensive while fiat keeps losing value it becomes more difficult for governments to convince their citizens to not invest in bitcoin when the benefits of doing so are so obvious.

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February 06, 2023, 05:35:57 AM
 #40

If we are looking at it from investment point of view then we can have profits from it when the price rises so this is what many investors are looking for but the second thing is decentralisation concept giving you full control of your funds without intervention of any third party making global payments with normal fees.The more you understand about btc the more interested you become in it.

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February 06, 2023, 11:36:41 AM
 #41

Since we are in this year, my reason for investing in bitcoin is to make more profits and I believe those profits will surely be huge. You can also invest in bitcoins if you want and start buying bitcoins now and hold on until the price goes above the last ATH and sell your bitcoins at that time. But before you start investing in bitcoin, you have to understand the risks first and find out how to deal with the risks so that you don't panic if you see bitcoin price changes too frequently. Many people out there don't want to learn to deal with risks, so that makes them panic and immediately sell their bitcoins to avoid losses, but they already lose when they sell their bitcoins.

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February 06, 2023, 11:48:29 AM
 #42

OP, first of all.... you do not "invest" in Bitcoin... you simply buy bitcoins to use it.... BUT you can (like you do with Forex trading) ..buy & sell bitcoins to trade with it. People have these wild ideas that Bitcoin was developed as a "Commodity" ...but it is actually supposed to be an alternative currency to Fiat currencies.

The problem are that governments are protecting their local Fiat currencies, so they do not want to allow Bitcoin to be used as a currency, so they define it as a "Commodity"  Roll Eyes

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February 06, 2023, 11:58:05 AM
 #43

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
Simply because of it's volatility. When there's no volatility, holding Bitcoin will not benefit you. This is the main reason for everyone why they hold some Bitcoins in the first place. Because of volatility, the price can be doubled, tripled or more in just a short period of time. You can do anything you want in your life and wait until you can afford sell the price. Unlike holding fiat in the bank, 1-3% annual interest. So this is why I'm interested in investing Bitcoin.

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February 06, 2023, 12:55:20 PM
 #44

I was attracted mostly by money opportunities. With time I learned tech stuff and got the idea of it, and it helped me stay. But I still want to make money of it anyway.
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February 06, 2023, 12:55:56 PM
 #45

I have experienced with many kinds investment and I think Bitcoin most interested investment assets depend with other, increasing up and down drastically and having potential earn profit trough Bitcoin investment more higher than other. I leave all investment kinds after knowing with Bitcoin although several time having bad experience with price drop.

Comparison with other investment I earn much profit in shorth time in Bitcoin and this reason why I so interested with Bitcoin right now, there are not enough reason how explore with advantage investing in Bitcoin than other investment kinds right now with potential profit earn under 10% until 30% in one years.

R


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February 06, 2023, 01:08:40 PM
 #46

If we are looking at it from investment point of view then we can have profits from it when the price rises so this is what many investors are looking for but the second thing is decentralisation concept giving you full control of your funds without intervention of any third party making global payments with normal fees.The more you understand about btc the more interested you become in it.

But the biggest concern is still profit, I think bitcoin will still be used if it's no longer profitable but it won't get as big of interest as it is today. Honestly, I'm not too interested in using it for global payments because I don't buy goods from abroad, I care about privacy and control of my assets, but what I care most about is profit.  If bitcoin becomes stable, I probably won't care about it anymore because I wouldn't trade the risk just to get my privacy.

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February 06, 2023, 01:46:47 PM
 #47

I want to ask you guys. Why are you interested in investing in bitcoin?
Bitcoin is the most profitable investment. No other investments offer the potential of significant profits as in Bitcoin. That's the main reason why I choose Bitcoin as my investment. I think most people have the same reason as me, we choose Bitcoin because of its potential profits. Other reasons are investing in Bitcoin easily and don't need to have big money. We can invest in Bitcoin at any time and with any amount of money we have. Even if we only have $10, we can buy Bitcoin. It is very different if you invest in land or gold, you must have sufficient money to buy them.

In addition, this bitcoin can also be saving for your future, the beauty of this is that the value you sell for bitcoin can be 10x or 100x depending on what happens, then you can also apply it to a business if you already have a business, and you can send 24/7 even anywhere in the world via money transfer.
We put money in Bitcoin isn't for saving. Our purpose is to get profits, we multiply the money.
It is quite different between saving and investing! People are saving for reserved money, but people are investing for earning profits.


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RahbabaKahn
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February 06, 2023, 01:48:45 PM
 #48

I am interested in Bitcoin primarily because millions of people want it and have it for whatever reasons.  It's always puzzled me why there is so much demand for something so superficial which has no tangible value (like gold or oil or jewels).  But the fact that millions of people around the world have somehow justified their ownership of it, adds some magical attraction that can't be explained.  Personally, I own some as a store of future value.  Since my bank was only paying 2% interest on my savings account, I figured I would buy some Bitcoin with those funds the next time the price dropped.  I was lucky to buy some last year in December 2022 after Bitcoin prices had dropped, and seemed to be stabilized.  Since them, due to the price volatility of Bitcoin, its value has increased 42% just in under 2 months.  To me, that is much better return than from my bank savings account.  I expect to just hold my Bitcoin stash for the next 10 years.  No matter how the price fluctuates, if I manage to get more than 2% APY out of it, over 10 years, then my funds will have grown much more than if I kept them in the bank.  The way I see it, the only risk will be that Bitcoins will disappear in 10 years, and my holdings will be 0.  Therefore, I'm betting that Bitcoins will continue to survive for a long duration.
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February 06, 2023, 02:03:30 PM
 #49

OP, first of all.... you do not "invest" in Bitcoin... you simply buy bitcoins to use it.... BUT you can (like you do with Forex trading) ..buy & sell bitcoins to trade with it. People have these wild ideas that Bitcoin was developed as a "Commodity" ...but it is actually supposed to be an alternative currency to Fiat currencies.

The problem are that governments are protecting their local Fiat currencies, so they do not want to allow Bitcoin to be used as a currency, so they define it as a "Commodity"  Roll Eyes

If you use bitcoin to trade like forex, your goal is not much different from others, the end result is that you are looking for profit.

If I were the government, I would never accept bitcoin as a currency, if they accept a volatile asset like bitcoin as currency, they are destroying the national economy. I hope they're not that stupid.

uche6215
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February 06, 2023, 02:12:02 PM
Merited by fillippone (2)
 #50

A lot of people are Investing on Bitcoin today and I don't want to be left behind.
But That's not the main reason am into Bitcoin trading.
My main reason is that in my country (Nigeria) I don't think fisical cash will be more valuable than Bitcoin in time to come.
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February 06, 2023, 02:26:06 PM
 #51

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
Profit and I just want to have an experience to this new currency that can change the shape of how financial system is right now in the world.

I mean don't be stupid and we know that we are interested in Bitcoin because of the profit potential that we can get right? Who doesn't like to invest into a cryptocurrency that can make your money x5 or x10 in just a span of a few years. No other asset can give that profit aside from Bitcoin.

I also believe that Bitcoin will be a game changer. It might not be now, but in the next decades, our financial system might change and that's because of Bitcoin and the whole cryptocurrency.

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Crypt0Gore
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February 06, 2023, 04:18:51 PM
 #52

Bitcoin builds values and stripped naked all centralised entities power, that's why I am so into the digital currency, also I never liked how the government treats people in my country and Bitcoin feels like the perfect fighting tool against the control of the government, if the government can control my Fiat in the bank there is at least something they have no power over, that is Bitcoin.

I remember a scene where the youths of the country are fighting for their rights, the government seized all access to big amount of transfer within that period of time and guess what? People start sending Bitcoin from all around the world to support the youths, it was a great experience.

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Ebede
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February 06, 2023, 08:47:29 PM
 #53

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
You have to know about bitcoin by making a possible research that will enable you to know exactly what bitcoin is all about so I believe that bitcoin have which ways of knowing it you can know it truly a YouTube and they can also know it true some of their social media such as telegram Twitter Facebook and the Instagram news this place is the area that you can man what is Bitcoin

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mendace
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February 06, 2023, 09:15:55 PM
 #54

Bitcoin builds values and stripped naked all centralised entities power, that's why I am so into the digital currency, also I never liked how the government treats people in my country and Bitcoin feels like the perfect fighting tool against the control of the government, if the government can control my Fiat in the bank there is at least something they have no power over, that is Bitcoin.

I remember a scene where the youths of the country are fighting for their rights, the government seized all access to big amount of transfer within that period of time and guess what? People start sending Bitcoin from all around the world to support the youths, it was a great experience.

Bitcoin has certainly disrupted the traditional financial system and provided a new way for individuals to transact and store value without relying on central authority. Its decentralized nature makes it resistant to censorship and allows for cross-border transactions without intermediaries.

It's inspiring to hear about how Bitcoin has been used to support activism and social causes. However, it's important to note that using Bitcoin does come with risks, including potential for theft and price volatility. Additionally, in some countries, the use of Bitcoin and other cryptocurrencies may be restricted or even illegal.

Regardless, the potential for Bitcoin and other cryptocurrencies to promote financial freedom and disrupt traditional power structures is an exciting development, and it will be interesting to see how it continues to evolve in the future.
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February 06, 2023, 09:27:33 PM
 #55

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?

Its decentralized nature, as well as the ability to have complete control over funds stored in an offline wallet. Bitcoin will remain bitcoin regardless of how long it takes to recover against the dollar in the market. It is a dependable investment from which one can profit greatly after thoroughly understanding the market.

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kawetsriyanto
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February 06, 2023, 09:45:46 PM
 #56

A lot of people are Investing on Bitcoin today and I don't want to be left behind.
I don't expect someone invests in Bitcoin because of following others, without any clear reason.
Investing in Bitcoin is a high risk, you may just waste your money on Bitcoin if you have no good fundamentals. Make sure you learn the basic things about Bitcoin investment, understand how the market works, and know well its volatility. If you think you have enough knowledge, then you can start to invest in Bitcoin.

My main reason is that in my country (Nigeria) I don't think fisical cash will be more valuable than Bitcoin in time to come.
Bitcoin isn't the same as physical money.
Its value is increasing, while physical money tends to lose its value (especially fiats).
You are right that Bitcoin future is much better than physical money.


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FanEagle
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February 06, 2023, 10:04:54 PM
 #57

First off, welcome to the Bitcoin world and to this forum. Glad that you choose the right place and the right coin because you know, almost newbie do only got involved in crypto because of those new crypto trends. Not only that they follow the wrong coin but they too follow the wrong people so as a result, they only lose their money and get disappointed about cryptos.

If you ask why I am interested in Bitcoin, well to be honest because of its amazing properties which its value can grow over time. Back in time, I was also looking for ways to make money online and that made me discover Bitcoin eventually and this forum because of their signature campaign but im glad that I learned a lot other than the earnings that I get.

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CageMabok
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February 06, 2023, 11:51:08 PM
 #58

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
Why am I interested in investing in bitcoin?
The answer is because Bitcoin always has the potential to be the best among thousands of other coins, making Bitcoin the first asset that everyone should see and also be considered by many other people now. Besides that, Bitcoin is also still the king of the many coins that have been born now, so anyone won't be wrong if they want to consider investing, especially if the investment is for the long term.

And if you want to know more about Bitcoin, you can read from several well-known and trusted sources to have a deeper understanding. I think this will really help you understand more deeply what Bitcoin is and why so many people are already interested in Bitcoin, so please visit some of the resources that I share.

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jokers10
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February 07, 2023, 01:29:08 AM
 #59

The fixed upward limit on the supply despite being so simple is one of the most innovative aspects of bitcoin as not even gold has that limit, this makes bitcoin the hardest form of money ever created, and when we consider all the other characteristics of bitcoin it becomes obvious why is so expensive.

And as the years go by and bitcoin keeps getting more expensive while fiat keeps losing value it becomes more difficult for governments to convince their citizens to not invest in bitcoin when the benefits of doing so are so obvious.

Ordinary people just have no option of real saving of their savings: economy is inflationary, property is taxed and sometimes can seized, trading is hard and risky, deposits have low or even negative percentage. So when we got a deflationaty asset it become one of the most easiest ways for saving.

And governments will try to find a way to tax it and make it not so beneficial. They always do so. Grin

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February 07, 2023, 04:31:03 AM
 #60

Bitcoin is the king among other cryptocurrencies that made many traders to have interest on Bitcoin in the community, because whenever the price of Bitcoin is increasing in the market other cryptocurrencies price will be increasing too. It is very easy to achieve something good from Bitcoin investment which is part of some of the advantage that made both long term traders and short term traders to have interest in Bitcoin and they will continue to make Bitcoin as their first choice, because there is a hope of succeeding in Bitcoin investment compare to other cryptocurrencies investment. This are the reason that made me interested in Bitcoin and I will continue to invest in Bitcoin because I have achieved a lot of reward from my Bitcoin investment.

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February 07, 2023, 05:30:12 AM
 #61

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
For sure, a lot of people will say because of the profit, as we all need money, and we see that its value is very high. Also, others are using it as a payment method for their business to attract new customers who are curious about BitCoin and want to try to pay using it. Others also use it for transactions like sending and receiving as well as buying things online. But mostly, I noticed that it was because of the profit, as people need money or extra income.
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February 07, 2023, 08:17:00 AM
 #62

Bitcoin builds values and stripped naked all centralised entities power, that's why I am so into the digital currency, also I never liked how the government treats people in my country and Bitcoin feels like the perfect fighting tool against the control of the government, if the government can control my Fiat in the bank there is at least something they have no power over, that is Bitcoin.

I remember a scene where the youths of the country are fighting for their rights, the government seized all access to big amount of transfer within that period of time and guess what? People start sending Bitcoin from all around the world to support the youths, it was a great experience.


It's inspiring to hear about how Bitcoin has been used to support activism and social causes. However, it's important to note that using Bitcoin does come with risks, including potential for theft and price volatility. Additionally, in some countries, the use of Bitcoin and other cryptocurrencies may be restricted or even illegal.

Price volatility of Bitcoin is the best thing about it, this mean that your younger one or even unborn child can still join the train in future, everyone keeps talking about the volatility part as if it's bad, meanwhile it's the best reasonable thing about Bitcoin, the perfect redistribution of wealth.

Bitcoin can be restricted or ban like you said, but it's the centralized power doing their thing, there are few countries that banned Bitcoin years ago, today they all lifted the ban, Bitcoin is something the government don't want and can't get rid of, this is why we are slowly seeing CBDC and regulation at work, they still want to be in control, one way or the other.

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Inwestour
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February 07, 2023, 12:21:12 PM
 #63


For sure, a lot of people will say because of the profit, as we all need money, and we see that its value is very high. Also, others are using it as a payment method for their business to attract new customers who are curious about BitCoin and want to try to pay using it. Others also use it for transactions like sending and receiving as well as buying things online. But mostly, I noticed that it was because of the profit, as people need money or extra income.
No one will refuse a good profit that an investment will bring, but besides this bitcoin have many advantages:

- He is always available to me, anytime, any day.
- only I am responsible for his savings and this is good news for me that no one can block him, because there is no intermediary.
- and of course this is a limited issue, only 21 million coins, so I am confident in my investment.

And profit is like a nice bonus. I buy bitcoin and I am sure that inflation will not depreciate my savings. A lot of volatility can sometimes make you nervous, but this is a long-term investment, so I'm calm.
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February 07, 2023, 12:35:04 PM
 #64

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
For sure, a lot of people will say because of the profit, as we all need money, and we see that its value is very high. Also, others are using it as a payment method for their business to attract new customers who are curious about BitCoin and want to try to pay using it. Others also use it for transactions like sending and receiving as well as buying things online. But mostly, I noticed that it was because of the profit, as people need money or extra income.
That is why most people are interested in any investment ever, but if you see it as investment of course, if you see it as an asset then all you care about is the profit you could make from it. However, I think the people who work for it are the real engine of bitcoin, people who work like me and get paid in bitcoin are the people who provides some sort of reason why it even exists and spent everyday, otherwise it would be just rich people buying and holding bitcoin and there wouldn't be a reason to use it.

But thanks to workers and people who are employed by many and hired with bitcoin payments make it interesting and that is why the price goes up, because it's used.

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February 07, 2023, 12:58:15 PM
 #65

It is decentralized and this is the main cause I was sold on bitcoin. However, its potential for value is also a big factor. I even mined some cryptocurrencies before, which has further gotten me more interested and involved in bitcoin and crypto currencies. I would have also supported and liked bitcoin if it were a stable coin for the US dollar, but I doubt I would be more invested in money and time. I suppose that the profitability of bitcoin is also the primary factor in the current influx of bitcoin investors. We can always admire new inventions, but unlike bitcoin, we rarely get involved.

MEGA

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summonerrk
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February 07, 2023, 06:02:38 PM
 #66

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?

Because Bitcoin is an icon. He exists and has such a position thanks to those guys who believed in him. Who spread it out. I remember the eyes of my friend who told me about Bitcoin when it cost $100. And I believed him, because it was something new, unlike anything else. Various stories also make this cryptocurrency a legend, for example, a story about pizza, a story about a discarded hard drive with thousands of bitcoins. In general, bitcoin is enthusiasm in its purest form!

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February 07, 2023, 07:30:31 PM
 #67

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys.
We all started from here and it only gets better with time as you mingle with different people here & share different kinds of information and in no time you will be a crypto guru, good luck in your journey.

I want to ask you guys. Why are you interested in investing in bitcoin?
On a trading point of view, unlike trading currencies and the alike crypto at times tends to be volatile and you can easily make your profits without waiting too long. Other reason am into bitcoin is the potential it has to grow thanks to the limited supply and hence have a share of the 21 million coins could bring a fortune in the future.
And the most obvious one is bitcoin is the king of all cryptocurrencies so it makes a good choice Smiley

R


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February 07, 2023, 07:40:13 PM
 #68

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?

Plenty of things if you ask me and you can even look it up in the internet.
Bitcoin is :
- decentralised - means no authority are controlling it.
- borderless transactions - means not gonna require any 3rd party payment processors and doesn't need to be converted like fiat currency when you want to send and receive money from wherever you are in the planet.
- does give you the opportunity to make a good long term profit when you're patient enough to hold it until you meet your target.

These are just some of the main reasons that got me interested in Bitcoin.

R


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February 07, 2023, 07:48:29 PM
 #69

I became interested in bitcoin sometime around 2014ish.  I really wish I could remember exactly when I discovered it, and what the first thoughts I had about it were, but I just cant quite remember.  I do know that I was mainly interested because of my financial career.  As a financial advisor, and someone who's worked in finance for quite some time, I'm well aware of how utterly corrupt the majority of banks are and bitcoin seemed like a potential fix for that.  That's why I became interested in bitcoin and took the time to start studying it many years back.  I still hold a bit of this faith to this day.

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February 07, 2023, 07:48:51 PM
 #70

I was captivated by the arrival of bitcoin as an alternative to the fiat system of payment. It was a new currency; they called it.. You could send and receive without any interference from any third party member. That was what had first attracted my attention and curiosity, then interest in bitcoin.
Then apart from it being an alternative method of payment to the fiat system, it could also be an avenue for investors. People has long been investing in bitcoin and so far, it has given them a juicy returns on their investment.

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February 07, 2023, 08:39:09 PM
 #71

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?

This seems like a short but interesting question to me but the answer for everyone can be different and depending on thems you can have interesting stories. For example, if you can ask me I can say personally the reason why I'm interested in bitcoin is mostly because of its decentralization of it, I mean before bitcoin we had other payment methods and assets like Paypal and other systems but since these are centralized any governments under economic sanctions couldn't use their services or if your country is somehow not in the list of these services you could use their services or they could block all the funds on your account easily and make problems for you while unlike these systems bitcoin can give you freedom and this is the most interesting thing for me about bitcoin.

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February 07, 2023, 09:27:24 PM
 #72

Why are you interested in bitcoin?
This is a standar question, but it has a lot of potential in the ways in which many answers can go...

In my case, I am excited to think about how every day one can mature and project the potential of Bitcoin in their environment. I am still convinced and in love with the basic premises of Bitcoin.

Bitcoin has foundations based on the change of paradigms, on breaking traditional financial schemes, etc.

Then, your context (OP) breaks into one of the more traditional aspects, in the answer...

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?

You go for the most widespread idea of bitcoin, okay, there are those who are only interested in investing (bitcoin) and others are interested in Bitcoin, the ideal is to be interested in both, in the same way you have to understand that they are 2 different questions.

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February 07, 2023, 09:37:06 PM
 #73

Today is a great example of why I am so much in love with crypto and why I was involved to begin with. As my nation got destroyed by 2 huge earthquakes, it was not easy to trust everyone and find any place to send your money to help, who could you trust? Not many people trust the government, and that is a common thing globally, hence why we have crypto and prefer it over fiat. So what happened? Someone that the whole nation trusts started a crypto donation fund, and right now it got over 2.5 million dollars donated, in a single day, same happened back when Ukraine needed help too, people all around the world sent us their funds to help us, and that's the beauty of crypto. Could you send Turkey 3 dollars of your help, maybe small but thousands and thousands of people who do that? It becomes millions, and it wasn't possible with fiat, but it is possible with crypto. Thats why I am in, because of how amazingly simple it shows money could be, if we didn't follow up the governmental regulations and systems and methods and just use crypto directly.

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February 07, 2023, 09:46:18 PM
 #74

It is decentralized and this is the main cause I was sold on bitcoin. However, its potential for value is also a big factor. I even mined some cryptocurrencies before, which has further gotten me more interested and involved in bitcoin and crypto currencies. I would have also supported and liked bitcoin if it were a stable coin for the US dollar, but I doubt I would be more invested in money and time. I suppose that the profitability of bitcoin is also the primary factor in the current influx of bitcoin investors. We can always admire new inventions, but unlike bitcoin, we rarely get involved.
Bitcoin has also served a very essential duty in the space which strong market volatility and large trading volume. More reasons I solely depend on bitcoin when it comes to crypto, it's very important for every trader to know the market situation in every aspect of the season, either bear or bull season. Bitcoin have started to being formalize as means of payment in some countries and country like El Salvador have already made it a legal tender which is one of the good news to hear in the space. All these contributes to the high development of the project.
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February 07, 2023, 09:50:49 PM
 #75

Today is a great example of why I am so much in love with crypto and why I was involved to begin with. As my nation got destroyed by 2 huge earthquakes, it was not easy to trust everyone and find any place to send your money to help, who could you trust? Not many people trust the government, and that is a common thing globally, hence why we have crypto and prefer it over fiat. So what happened? Someone that the whole nation trusts started a crypto donation fund, and right now it got over 2.5 million dollars donated, in a single day, same happened back when Ukraine needed help too, people all around the world sent us their funds to help us, and that's the beauty of crypto. Could you send Turkey 3 dollars of your help, maybe small but thousands and thousands of people who do that? It becomes millions, and it wasn't possible with fiat, but it is possible with crypto. Thats why I am in, because of how amazingly simple it shows money could be, if we didn't follow up the governmental regulations and systems and methods and just use crypto directly.

What you have presented is a great example of how we can use crypto to assist mankind in times of emergencies.
It is true, we can't collect this amount of money via fiat transactions, small transactions of few dollars is not easy to transfer with.
But with btc or any other crypto, we can easily donate, just know the valid crypto address and anyone can send even with small amounts.
On this note, for people who are donating, make sure those are legit addresses to donate with, a lot are using this situation to screw people and use it to their own agenda.
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February 07, 2023, 11:20:38 PM
 #76

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
I will say any investment somebody venture into is a passion or the detriment of the person, so i want to let you know that people have different obligations while they are into Bitcoin investment, some people might like it because it's a decentralized investment and it never had a third party over the investment. And secondly, Bitcoin is not been controlled by any person except it's market determination, so different people will have different answers to attest while they invest in cryptocurrency and especially bitcoin.

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February 08, 2023, 10:32:12 AM
 #77


Nobody likes to waste their time on something unproductive. Anybody that tells you he is interested in bitcoin for the fun of it is not saying the truth. Am in it because of its ability to give me profit. And that is what has attracted many people to it before any other thing. No one invests in what will not bring profit, except disasters happens. Another reason is that paying or transacting with bitcoin makes payment very easy for me.
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February 08, 2023, 11:08:04 AM
 #78

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?

Welcome to this forum OP, one of the right steps to join this forum.
In this forum there are many useful threads for beginners who want to know more about cryptocurrencies.

As a beginner, I also remind you to understand and follow the rules in this forum so that later you can contribute more actively and constructively to this forum.
As well as to avoid things that are not desirable.
Here are threads that I think are important for beginners like us, so we can contribute more actively and constructively to this forum:

Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ

Newbies - Read before posting

In response to your question, I am also still a beginner who is new to and learning about cryptocurrencies.
Why I am interested in Bitcoin is because I try to follow one of the existing digital developments and innovations and try to take advantage of it.
I'm trying to learn to take advantage of and look for opportunities to be able to benefit from Bitcoin.
Although I realize that it's not certain that Bitcoin will bring wealth overnight, it does provide an opportunity to be profitable for everyone.
Despite the risks involved, I'm still trying to learn more and try to take advantage of the opportunities that exist in Bitcoin.
Because I believe that as time goes by, Bitcoin will have better economic value in the future.
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Eloncoin.org - Mars, here we come!


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February 08, 2023, 03:33:18 PM
 #79

I'm a new bie too, I don't really know much about Bitcoin, but I think with Bitcoin, you can be financial boyant, I think Bitcoin is the best among other crypto because it has easy accessibility, fast in transactions, it's more private, well secured and have a high level of inflation protection ...

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February 08, 2023, 04:31:12 PM
 #80

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
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February 08, 2023, 04:34:49 PM
 #81


Nobody likes to waste their time on something unproductive. Anybody that tells you he is interested in bitcoin for the fun of it is not saying the truth. Am in it because of its ability to give me profit. And that is what has attracted many people to it before any other thing. No one invests in what will not bring profit, except disasters happens. Another reason is that paying or transacting with bitcoin makes payment very easy for me.

People had gotten interested in bitcoin through different ways and manner. But you’re right. No one would want to waste their time on anything that isn’t productive. But there are people that initially got interested in bitcoin for the fun of it. And then only later did they realize the potential bitcoin has to offer.
Cause of its value, people saw it as an investment opportunity as something that would give a decent return on investment.
Cause of its anonymity and speed of transfer, people like me also see it as a more efficient and alternative method of payment.

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February 09, 2023, 05:20:46 AM
 #82

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?

I also want to ask you, why you are interested in bitcoin. I don't want to be hypocritical like the people who always say morality here, I care about bitcoin because I need money, bitcoin can bring me to profit as well as can make me rich, while the other investments can't help me. Because the volatility as well as the sharp rise in the price of bitcoin can make me more money than other asset classes.
Just like the answers of many people here, of course, because it can have many advantages. But indeed, bitcoin is very different from other coins. I think bitcoin is more special.

The first time I got to know bitcoin was because my friend told me. At first I wasn't interested, but over time my friends sometimes always told me about the advantages and benefits of bitcoin. That's where I got interested, and tried to learn more about bitcoin. Not only about the advantages in the field of money, but also other advantages.

But of course the first money advantage.

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February 09, 2023, 05:43:38 AM
 #83

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
Well, though many I believe would have said all you need to know, but just to add, I would say that the reason why I love bitcoin and I'm so interested to invest in it is because, bitcoin is not just an asset that can be bought and sold for profit, bitcoin also is freedom, freedom from those who call themselves financial authorities, that is like the governments and banks.
Bitcoin is immune to inflation, this simply means that the number of bitcoins in circulation cannot be inflated, like it is normal with traditional fiat currencies like the Dollar, Euro, Pound etc.
With Bitcoin, you are in total control of your money, no permission is needed from any third party to send or receive value through bitcoin.
with bitcoin, we can transfer value to any part of the world really fast and at the best cheapest rate, no more waiting 7 business days to over a month to receive money sent to us from abroad, or for the recipient to confirm receiving money we sent to them, with bitcoin such transactions can be confirmed within seconds or minutes at most - depending on how small or large the transaction fee is. 

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February 09, 2023, 07:47:04 AM
 #84

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
You are highly welcome and I am sure you are in the right place to learn anything you wanted learning about Bitcoin.

You need to be active and participate in several discussions here because it will help to clear some difficulties you are having related to Bitcoin and Cryptocurrency; moreover, try as much as you can to ask questions because you can learn easily by asking questions because I am sure many forum users here will provide you with a solution.

You can also read about Bitcoin and how it started, the basic knowledge about blockchain, keys, and addresses as well as how Bitcoin transactions are here

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February 09, 2023, 08:29:56 AM
 #85

I'm a new bie too, I don't really know much about Bitcoin, but I think with Bitcoin, you can be financial boyant, I think Bitcoin is the best among other crypto because it has easy accessibility, fast in transactions, it's more private, well secured and have a high level of inflation protection ...
Bitcoin is certainly the best crypto of all.

But there are attributes that are no doubt can be found in other altcoins but despite that, all of us want to stay in bitcoin and no more debate on its greatness.

The difference might be totally far and huge if the critic is technically depth with those attributes. Anyway, as much as we're interested in bitcoin, we're on the right track by having and holding it. Not just based on technicalities but also look at the historical charts and stuff.

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February 09, 2023, 09:02:50 AM
 #86

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?

I also want to ask you, why you are interested in bitcoin. I don't want to be hypocritical like the people who always say morality here, I care about bitcoin because I need money, bitcoin can bring me to profit as well as can make me rich, while the other investments can't help me. Because the volatility as well as the sharp rise in the price of bitcoin can make me more money than other asset classes.
Just like the answers of many people here, of course, because it can have many advantages. But indeed, bitcoin is very different from other coins. I think bitcoin is more special.

The first time I got to know bitcoin was because my friend told me. At first I wasn't interested, but over time my friends sometimes always told me about the advantages and benefits of bitcoin. That's where I got interested, and tried to learn more about bitcoin. Not only about the advantages in the field of money, but also other advantages.

But of course the first money advantage.


If you compare bitcoin to gold or fiat, the benefits of bitcoin are many, but I am like many others here. Profit is my main concern when investing in bitcoin, and other benefits like bitcoin give me full control over my assets without 3rd party or being able to make cross border payments is last mind. I'm thinking that if bitcoin becomes stable one day, I don't know if people will still care about it or will find other investments. I doubt it, bitcoin is really good, but if its not profitable many people will leave it.



.
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February 09, 2023, 11:44:17 AM
 #87

the reason is of course I expect big profits in the long run. and I like the decentralized that bitcoin has. and well bitcoin has been the answer for me. I also envision a future when more countries adopt bitcoin. or more people adopting bitcoin. because the next generation will definitely be more tied to the digital world, digital money is the best potential in the future. maybe in the future we will feel homesick with the discussions we are having right now.

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February 09, 2023, 12:28:50 PM
 #88

Personally, I have several reasons why I am interested in bitcoin in particular:

1) bitcoin is protected from inflation - for this purpose, a limited issue of bitcoin and regular halving, during which the commission to miners is halved, are laid down at the program level;
2) bitcoin transactions can be carried out 24/7/365 in any corner of the world where there is an Internet connection;
3) there are no limits on money transfers in the bitcoin payment system;
4) bitcoin transactions are transparent and secure due to blockchain technology.

So, I wish you success. I hope you will be able to understand cryptocurrencies, in particular bitcoin, and make a lot of money.

Maybe someday you'll share it with me when you remember my answer to your question. Grin
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February 09, 2023, 12:54:00 PM
 #89

Personally, I have several reasons why I am interested in bitcoin in particular:

1) bitcoin is protected from inflation - for this purpose, a limited issue of bitcoin and regular halving, during which the commission to miners is halved, are laid down at the program level;
2) bitcoin transactions can be carried out 24/7/365 in any corner of the world where there is an Internet connection;
3) there are no limits on money transfers in the bitcoin payment system;
4) bitcoin transactions are transparent and secure due to blockchain technology.

So, I wish you success. I hope you will be able to understand cryptocurrencies, in particular bitcoin, and make a lot of money.

Maybe someday you'll share it with me when you remember my answer to your question. Grin

You can add some useful features like bitcoin, which can give us full control of our assets without intermediaries or help us to remain anonymous from government surveillance, and you didn't mention your main purpose when investing in bitcoin is the profit that bitcoin can bring. I think that is the most special and important reason for us to enter this risky market.

Our world is entering the stage of digitizing everything and I believe bitcoin is the future, bitcoin is inevitable. It is lucky for us that we know bitcoin very early, so don't miss out on this amazing opportunity.

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February 09, 2023, 01:30:01 PM
 #90

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
There are Three reasons for me to choose bitcoin?

  • Decentralization
Decentralization allows you and anyone to develop the concept of financial independence, because in it there is no authority that can control it, so that full control over security and decision making is also fully up to the users of the system.

  • Fluctuations
Fluctuations cause people to get big profits, because the price of bitcoin rises and falls under certain conditions, so that when people want to invest they can wait for a decline and sell it when the price rises again. Fluctuations can also bring people to losses, if one does not fully understand bitcoin.

  • The best asset in the long term and able to maintain value.
For the last point, I don't think it needs to be explained at length, because everyone already knows that bitcoin is the best investment asset that can maintain value, even in recession and inflation.

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February 09, 2023, 03:23:35 PM
 #91

If you compare bitcoin to gold or fiat, the benefits of bitcoin are many, but I am like many others here.
...

May be it will be a surprise but if to compare bitcoin, gold and fiat you'll find out that there are different benefits which all three have: you just choose what you prefer most. The majority in the forum chooses bitcoin, we like to have control over our own money and digital nature of an asset. But some others prefer relying on a third party or to have a physical object to own and they can consciously choose another option. Smiley

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February 09, 2023, 08:16:56 PM
 #92

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?

Some choose BTC because they love it, some does for their future plan, some are here to make money in short time.
Bitcoin lovers use it because they know it's worth. It's decentralized and could be used worldwide. It has no physical form and can't be destroyed if you can keep it safe. Not to mention the freedom it could give to you.

Those who choose for their future plan, they HODL (hold on to your dear life) it, because they know it has so much more room for to grow in the future, and they can make profit from this.

Those who choose for money, they take the advantage of the volatile nature of bitcoin and trade them for profits. Their sole purpose is to make money from bitcoin.

There's a lot more to say, but I think these are the main reason here. BTC could also be used for many other reasons.
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February 09, 2023, 09:29:40 PM
 #93

the reason is of course I expect big profits in the long run. and I like the decentralized that bitcoin has. and well bitcoin has been the answer for me. I also envision a future when more countries adopt bitcoin. or more people adopting bitcoin. because the next generation will definitely be more tied to the digital world, digital money is the best potential in the future. maybe in the future we will feel homesick with the discussions we are having right now.
Well, people are here just for investment and to multiply their money. But as the development continues and many countries had opened their door to Bitcoin, some are buying Bitcoin for other purposes like being used as currency.

 - decentralized (tax-free)
 - profitable investment ( because of its volatility)
 - easy transactions
Most of these things are the reason for being here and it is actually really satisfying that it grows interest in the community and brings people in.

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February 09, 2023, 09:49:51 PM
 #94

I'm a new bie too, I don't really know much about Bitcoin, but I think with Bitcoin, you can be financial boyant, I think Bitcoin is the best among another crypto because it has easy accessibility, fast in transactions, it's more private, well secured and have a high level of inflation protection ...
You got it all right, all that you mentioned are the basic attributes and characteristics of bitcoin and due to Bitcoin's security, transparency and privacy, a lot of people have adopted bitcoin as their alternative currency that can be used along side their national currencies.
-Bitcoin is an asset with a futuristic tendency to guarantee financial freedom.
-the role of an alternative currency is one of Bitcoin's essential features and being a decentralized currency bitcoin provides some level of privacy due to its nature.
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February 09, 2023, 10:47:53 PM
 #95

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
If you have patience and you are willing to wait for a long term investment then bitcoin is good for you, but if you don't have patience then bitcoin is maybe btc is not for you, patience is very important here based on my experienced from year 2016 till present, if you don't have patience you will earn only few profit but if you have patience you will gain or earn big profit. However there are still a lot of way to earn even if your patience is not enough you can do trading or investing altcoins and hold them for a short time.just collect a good altcoins for good.


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February 09, 2023, 10:56:12 PM
 #96

I'd be lying if I say I'm here solely because of the future implications in tech and whatnot. Bitcoin is so much more than your standalone future currency that we can use to trade and commerce no matter how far. Bitcoin as it stands today is one of the most profitable ventures out there and has helped millions of people around the world to gain their financial freedom, myself included. So I owe a lot to bitcoin and have continued to be interested in it for a multitude of reasons. But the primary factor that drives me to stay in this industry is the profitability. There's a lot of things and ventures to profit from here, not just trading.
All you need to know is that Bitcoin is our future.
That is severely useless. OP is out here asking for constructive and informative content. It wouldn't hurt to elaborate on what makes you think bitcoin is the future wouldn't it?
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February 09, 2023, 11:04:04 PM
 #97

I'd be lying if I say I'm here solely because of the future implications in tech and whatnot. Bitcoin is so much more than your standalone future currency that we can use to trade and commerce no matter how far. Bitcoin as it stands today is one of the most profitable ventures out there and has helped millions of people around the world to gain their financial freedom, myself included. So I owe a lot to bitcoin and have continued to be interested in it for a multitude of reasons. But the primary factor that drives me to stay in this industry is the profitability. There's a lot of things and ventures to profit from here, not just trading.
All you need to know is that Bitcoin is our future.
That is severely useless. OP is out here asking for constructive and informative content. It wouldn't hurt to elaborate on what makes you think bitcoin is the future wouldn't it?

Most of us are here because of the opportunity to make money.  It would be a lie if we say that we are here because of the technology and yet we are wearing a signature campaign to earn Bitcoin that can be converted to fiat money.

Saying that it is the potential to earn is the main reason why I am interested in Bitcoin.  Aside from that, I also use Bitcoin for my online transactions since I am not comfortable using my bank account to do transactions online.

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February 09, 2023, 11:11:59 PM
 #98

I'm a new bie too, I don't really know much about Bitcoin, but I think with Bitcoin, you can be financial boyant, I think Bitcoin is the best among other crypto because it has easy accessibility, fast in transactions, it's more private, well secured and have a high level of inflation protection ...
Even that is not comparable if you really see and want to be compared. Bitcoin tiers are already different in this regard.
Everyone who is in bitcoin certainly sees the benefits that will indeed exist for the long term and the decentralization they have introduced has actually brought a real goal to financial freedom so this is indeed something that is feasible.
But on the other hand, when talking about newbies, learning more is very important, especially in this case, it is clear that the risk is very large and always there.

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February 10, 2023, 12:55:29 AM
 #99

Personally, I have several reasons why I am interested in bitcoin in particular:

1) bitcoin is protected from inflation - for this purpose, a limited issue of bitcoin and regular halving, during which the commission to miners is halved, are laid down at the program level;
2) bitcoin transactions can be carried out 24/7/365 in any corner of the world where there is an Internet connection;
3) there are no limits on money transfers in the bitcoin payment system;
4) bitcoin transactions are transparent and secure due to blockchain technology.

So, I wish you success. I hope you will be able to understand cryptocurrencies, in particular bitcoin, and make a lot of money.

Maybe someday you'll share it with me when you remember my answer to your question. Grin

I agree with your good answer, and indeed I personally also think like you, so basically many people are interested in investing in bitcoin because they see the profit factor, and most people predict that the price of bitcoin in the future will be high. although that is just speculation for the future. but there have been many examples of people who have successfully invested in bitcoin and become successful.

and I personally also only speculate for the future that bitcoin in the future will be high in price.
and in my opinion it is better to invest in bitcoin than no investment at all.

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February 10, 2023, 08:48:16 AM
 #100

Why are you interested in investing in bitcoin?
It may be because everyone around Mr is talking about bitcoin.
It may be that this bitcoin that is trending could turn out to be the future of finance. I wouldn't want to miss out in the opportunity.
Bitcoin has made some people rich, perhaps I could be lucky also and get rich through Bitcoin.
I wouldn't want the bank and government to track all my transactions and my data.
There are therefore different reasons for people to invest in bitcoin.

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February 10, 2023, 12:13:09 PM
 #101

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
You are highly welcome and I am sure you are in the right place to learn anything you wanted learning about Bitcoin.

You need to be active and participate in several discussions here because it will help to clear some difficulties you are having related to Bitcoin and Cryptocurrency; moreover, try as much as you can to ask questions because you can learn easily by asking questions because I am sure many forum users here will provide you with a solution.

You can also read about Bitcoin and how it started, the basic knowledge about blockchain, keys, and addresses as well as how Bitcoin transactions are here

I am very grateful for the welcome. I am also very grateful and appreciate all the knowledge and opinions from you. Because for me it means a lot. The more often I read about bitcoin posts, for some reason I'm getting more interested in bitcoin. I will learn slowly from you.

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February 10, 2023, 12:47:35 PM
 #102

If you compare bitcoin to gold or fiat, the benefits of bitcoin are many, but I am like many others here.
...

May be it will be a surprise but if to compare bitcoin, gold and fiat you'll find out that there are different benefits which all three have: you just choose what you prefer most. The majority in the forum chooses bitcoin, we like to have control over our own money and digital nature of an asset. But some others prefer relying on a third party or to have a physical object to own and they can consciously choose another option. Smiley

I don't just mean bitcoin has benefits, fiat and gold are useless, I mean bitcoin is a multifunctional asset. I'm not a fiat hater like many others because no matter how bad it is the fact that we are still using it every day, and without it we would have a lot of trouble in life. Gold is not profitable with bitcoin, but its safe. I invest in bitcoin, but I am saving gold for my kid's future. All 3 have their own benefits and different use cases.



.
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Rainbot
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February 10, 2023, 01:15:14 PM
 #103

I want to ask you guys. Why are you interested in investing in bitcoin?
Cryptocurrency began and offered a new opportunity for investment, that singularly raised the interest of people to look towards this new opportunity. Finding out that there are many cryptocurrency being lead by the most solid of them all which is bitcoins, that has made it the number one choice of interest for investment from new investors who want to invest in cryptocurrency. Every body will have their reason for being interested in bitcoins, but for me, I am interested in bitcoins because it is the leading cryptocurrency ahead of other altcoins. We all have different interests, maybe the same interest with a few other persons, but the good thing is how our interest has led us to the use of bitcoins.

.
SPIN

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Smack That Ace
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February 10, 2023, 02:05:35 PM
 #104

I want to ask you guys. Why are you interested in investing in bitcoin?
Cryptocurrency began and offered a new opportunity for investment, that singularly raised the interest of people to look towards this new opportunity. Finding out that there are many cryptocurrency being lead by the most solid of them all which is bitcoins, that has made it the number one choice of interest for investment from new investors who want to invest in cryptocurrency. Every body will have their reason for being interested in bitcoins, but for me, I am interested in bitcoins because it is the leading cryptocurrency ahead of other altcoins. We all have different interests, maybe the same interest with a few other persons, but the good thing is how our interest has led us to the use of bitcoins.

Most people on this forum invest in bitcoin, and many say no to altcoins. But you still haven't answered the OP's question, what is the purpose of your bitcoin investment? Is it because you love technology, or do you need bitcoin to protect your privacy, or are you here for profit? Whether it's bitcoin or altcoins, there needs to be a reason why we're here. I am here for profit, I like the high volatility of bitcoin because it can give me huge profits even though the risk is not small.

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February 10, 2023, 02:42:53 PM
 #105

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
This is a very good question.Bitcoin is something more than money, it is a universal tool that you can exchange for almost all the money in the world.The second point is that this is only your personal savings to which only you have access, there are much more advantages than banks.Well, the third factor is the price, your capital can become larger at any time.

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February 10, 2023, 02:49:31 PM
 #106

I think almost everyone bought bitcoin to make money, but then they realized that it's more than just a way to get rich quickly.
For me, bitcoin is an idea. It represents revolution and freedom. I don't really care about the price of bitcoin anymore.
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February 10, 2023, 05:21:29 PM
 #107

I am not going to lie, the first time I get into crypto it was all about the money but then I see the potential of bitcoin and what it offers but I believe that there is still time for bitcoin adaption.
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February 10, 2023, 07:02:21 PM
 #108

I want to ask you guys. Why are you interested in investing in bitcoin?
Cryptocurrency began and offered a new opportunity for investment, that singularly raised the interest of people to look towards this new opportunity. Finding out that there are many cryptocurrency being lead by the most solid of them all which is bitcoins, that has made it the number one choice of interest for investment from new investors who want to invest in cryptocurrency. Every body will have their reason for being interested in bitcoins, but for me, I am interested in bitcoins because it is the leading cryptocurrency ahead of other altcoins. We all have different interests, maybe the same interest with a few other persons, but the good thing is how our interest has led us to the use of bitcoins.

Most people on this forum invest in bitcoin, and many say no to altcoins. But you still haven't answered the OP's question, what is the purpose of your bitcoin investment? Is it because you love technology, or do you need bitcoin to protect your privacy, or are you here for profit? Whether it's bitcoin or altcoins, there needs to be a reason why we're here. I am here for profit, I like the high volatility of bitcoin because it can give me huge profits even though the risk is not small.


This is really amazing every time when I have newbie and asking things like this I feel myself lucky as I was able to join this community and have enough support and good opportunity for the better life which was missing before this because I had never been able to have indolence and chance of doing things which I being doing right now have amazing profit and safety even in just few years I change my lifestyle which was never been in stream.

Things change drastically, and now I have good opportunity to do things which are safer and having better for the future life as well investment and safety both are working for me here, but best thing is independence which is important for the all as well.

.
.DuelbitsSPORTS.
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February 10, 2023, 07:45:25 PM
 #109

I doubt that everyone in this room is responding honestly. To be really honest, I'm interested in bitcoin since it allows for borderless transactions without the involvement of a third party or for financial gain. The price of bitcoin has fluctuated dramatically, with certain significant price movements. This has drawn us to the idea of making money by purchasing low and selling high. For that reason, I am aware that most people love Bitcoin. Very few people, if any at all, are aware of the purpose and use of Bitcoin. Basic sense, we're working hard to capitalize on the volatility.

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February 11, 2023, 12:09:25 PM
 #110

I don't just mean bitcoin has benefits, fiat and gold are useless, I mean bitcoin is a multifunctional asset. I'm not a fiat hater like many others because no matter how bad it is the fact that we are still using it every day, and without it we would have a lot of trouble in life. Gold is not profitable with bitcoin, but its safe. I invest in bitcoin, but I am saving gold for my kid's future. All 3 have their own benefits and different use cases.

Fiat currencies and gold are also multifunctional, but well I'd say that I don't like fiat and we still use it just because bitcoin is not widespread in the world enough. Otherwise I'd prefer to get payments and pay in bitcoins or sometimes probably in some other decentralized cryptocurrency but not in fiat. Just because it is not possible in many cases I still use fiat. But if some others would like to use fiat when we all will get an opportunity of not doing so I'll still stand for their right on choice: even if I don't like fiat they should have such option.

.
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February 11, 2023, 12:38:27 PM
 #111

The main reason I am interested in Bitcoin is because it is an advanced technology and it is very easy to exchange and the profit from investing in it is higher than other currencies and central bank FD rate. I feel more comfortable keeping money in bitcoins than keeping money in the bank because there is no hassle of paying taxes. And no one is accountable to hold the huge money here. So all in all I am very interested in Bitcoin


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February 11, 2023, 02:24:33 PM
 #112

My interest in investing in bitcoin stems from two motivations that I feel are very important. The first motivation is its potential for a high ROI. Just a few weeks ago, we saw bitcoin go from $16k to $20k.
I am not unaware of the risks of losing one's investment either. It is one I am willing to bear.
Secondly, where my country's bank cards have failed me in terms of making international payments, Bitcoin has come to the rescue for me. as there is no limit on cross-border transactions.

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MoonOfLife
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February 11, 2023, 04:00:32 PM
 #113

I am not going to lie, the first time I get into crypto it was all about the money but then I see the potential of bitcoin and what it offers but I believe that there is still time for bitcoin adaption.

Me too, I am interested in bitcoin because from the beginning, I was introduced by a friend to the profit it brings and I believe we are all here for profit and not for bitcoin technology. My friends have talked a lot about the technology and features that bitcoin offers us, but really, I only care about the profit it brings. I think no matter how advanced the technology is, if it doesn't make a profit, no one will care about it.
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February 11, 2023, 09:18:15 PM
 #114

Why alot of people do chose to invest in bitcoin because of the testimony that has been told about BITCOIN. indeed bitcoin has changed a lot of life and it still changing life's.

Most people get to involve in it because of unemployment and never knew that bitcoin can ever change there life's but when they got to know more about it they have to key into it and told been a successful person.

As a beginner you have to make research about bitcoin properly  and know about the long term and short term Invertement and also know how bitcoin is process and the risk that implies in the bitcoin industry.

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February 11, 2023, 09:34:53 PM
 #115

I have been introduced to Bitcoin long before I even knew what Blockchain technology means. It only just took me longer to actually delve into it. Once I had a taste of profit from my first crypto currency which is Bitcoin, my interest became even more solidified.
The ease at which international trade and commerce is conducted, owes to the fact that payment across borders is instant without huge bank exchange fees or other hassles.
With the situation of how redesign of a countries currency has caused Naira to be exchanged for Naira in the Nigerian scenario,  Bitcoiners find it easy to send and receive payments for business and personal needs. The more knowledge the more coins. That's my first reason for joining this forum and it has really made me more knowledgeable than my counterparts.

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February 11, 2023, 10:50:22 PM
 #116

I first got interested because of Andreas Antonopolous on YouTube, it led me down a rabbit hole of understanding what money is, once I understood that then the lightbulb clicked for me. I was 100% interested in Bitcoin. Over the next 10 years it's just been a case of watching it all unfold and seeing the predictions come true. At this point of have zero doubt in my mind that Bitcoin will encompass most aspects of our daily lives, even without us realising it.
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February 12, 2023, 04:16:27 AM
 #117

What I have seen in these few days is that most of the people are now attracted to Bitcoin. Because Bitcoin is now being used by everyone but the public demand of Bitcoin is increasing day by day. I have seen some people now investing in Bitcoin without keeping money in the bank. But  In the next few years Bitcoin will be used by people in almost every country. Then I think the use of Bitcoin will increase.

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February 12, 2023, 05:36:34 AM
 #118

Personally, I have several reasons why I am interested in bitcoin in particular:

1) bitcoin is protected from inflation - for this purpose, a limited issue of bitcoin and regular halving, during which the commission to miners is halved, are laid down at the program level;
2) bitcoin transactions can be carried out 24/7/365 in any corner of the world where there is an Internet connection;
3) there are no limits on money transfers in the bitcoin payment system;
4) bitcoin transactions are transparent and secure due to blockchain technology.

So, I wish you success. I hope you will be able to understand cryptocurrencies, in particular bitcoin, and make a lot of money.

Maybe someday you'll share it with me when you remember my answer to your question. Grin

I agree with your good answer, and indeed I personally also think like you, so basically many people are interested in investing in bitcoin because they see the profit factor, and most people predict that the price of bitcoin in the future will be high. although that is just speculation for the future. but there have been many examples of people who have successfully invested in bitcoin and become successful.

and I personally also only speculate for the future that bitcoin in the future will be high in price.
and in my opinion it is better to invest in bitcoin than no investment at all.

That is ultimately true in every business you invest in to make money, and bitcoin is not an exception. However, I have found that the majority of beginners investing in bitcoin are unable to distinguish between it not being a Ponzi scheme, which has caused the majority of them to be unable to hold, which is bad for business. Instead, the success stories of those who believed in and invested in bitcoin and have never looked back should serve as motivation for all of us, as the better days are quickly approaching. And from the question asked why we invest in bitcoin is because of the profit.

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February 12, 2023, 07:20:41 AM
 #119

Firstly i'm interested in Bitcoin because it serves a financial tool, Bitcoin helps people to be financially boyant..

Secondly the world is going digital, and crypto (Bitcoin) is taking over over the world, as a business man I might venture into a business of foreign exchange that will warrant just Bitcoin, and our local currency night not be needed, but if I have Bitcoin I will have the opportunity to transact with the foreign market and that's another reason why I'm interested in Bitcoin,

Thirdly, I'm interested in  Bitcoin in because its very fast in transactions, it's safe, secured, it transfers are direct and it doesn't have a limit to money transfers....

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February 12, 2023, 11:24:20 AM
 #120

That is ultimately true in every business you invest in to make money, and bitcoin is not an exception. However, I have found that the majority of beginners investing in bitcoin are unable to distinguish between it not being a Ponzi scheme, which has caused the majority of them to be unable to hold, which is bad for business. Instead, the success stories of those who believed in and invested in bitcoin and have never looked back should serve as motivation for all of us, as the better days are quickly approaching. And from the question asked why we invest in bitcoin is because of the profit.
I knew about bitcoin before when it was much cheaper, but since I focused on altcoins, I could not benefit from buying cryptocurrencies, because my portfolio consisted of altcoins and I lost everything.

Later, I continued to look for good investments, I studied many different options and came to the crypto market again, but this time I studied bitcoin and realized that this is a great investment. At some point, I regretted that I had not figured it out before, but apparently at that time I was not ready, and now I invest in bitcoin and consider it one of the best tools for this.
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February 12, 2023, 11:53:57 AM
 #121

Because I want the state to starve.

Bitcoin is the vessel through which anarcho-capitalism will become a reality.
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February 12, 2023, 01:18:29 PM
 #122

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?

Good question, and we appreciate you as a beginner here, we see from your question point of view, you have a curiosity to know what exactly is Bitcoin?, how does this Bitcoin work?, and what is this Bitcoin for?, and is Bitcoin important?. especially you are new here and I think you will get more detailed information in the Forum, especially Bitcoin and the Features of Bitcoin, maybe so far Bitcoin is likened to Digital Gold, Digital money, and the most valuable Digital Assets among others, and I think the priority Bitcoin has Priority which is superior to Gold.

Especially in terms of using Bitcoin as a digital Investment Asset, people hold it waiting for the right ATH to sell and get the desired profit, purchases are of course made in a down market. Bitcoin has the potential to be profitable for every user. there are many facts that make Bitcoin more interesting, now it can change the economy, it can be used as an alternative, especially in terms of payments. most people are interested because Bitcoin is a decentralized currency, in the sense that it can be used for many things and no one can control it.

Basically everyone has a different point of view, people will tell stories about it, their experiences about Bitcoin, interest in Bitcoin, here there will still be several different opinions about the meaning of Bitcoin.

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February 12, 2023, 01:24:05 PM
 #123

Because I want the state to starve.

Bitcoin is the vessel through which anarcho-capitalism will become a reality.

It won't. Government is plastic enough to adapt to new conditions. It will take time but it will learn how to deal with bitcoin. May be it will not be the best way, but I'm sure it will be so. And still bitcoin will be good for us as, because returned control over our money will remain with us. If fiat will remain, we will still have a decentralized alternative. Don't expect financial revolution, it already happen. Grin

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February 12, 2023, 03:31:45 PM
 #124

Because I want the state to starve.

Bitcoin is the vessel through which anarcho-capitalism will become a reality.

It won't. Government is plastic enough to adapt to new conditions. It will take time but it will learn how to deal with bitcoin. May be it will not be the best way, but I'm sure it will be so. And still bitcoin will be good for us as, because returned control over our money will remain with us. If fiat will remain, we will still have a decentralized alternative. Don't expect financial revolution, it already happen. Grin

The revolution has already happened, and the fact that everyone will use cryptocurrencies is inevitable. The fact is that every year enthusiasts are added to the crypto community, the idea is growing, and the idea of Satoshi Nakamoto is getting more and more into the heads of people who are influential, who will be able to rebuild the unfair modern system of money. There are more and more of us, and those who learn about cryptocurrencies and Bitcoin never stop keeping this idea in mind.

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February 12, 2023, 03:45:49 PM
 #125

Ancap may not manifest in all areas of life, but Bitcoin, by separating money and state will bring us closer to it.
It will give more power to the individual, just like the internet and access to strong cryptography allowed us to communicate privately and spread ideas without censorship.

However, money being such an important aspect of life, this revolution may have farther-reaching consequences than any of the previous ones.

One of the biggest problems of this world is the concentration of power. Bitcoin, by decentralizing money, can decentralize power, and I don't only mean it in terms of monetary value, but also the freedom to transfer it without permission, seizure resistance etc.
Initially it will probably have the biggest impact in the most oppressed countries, before it starts changing society, politics and culture in the developed West.
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February 12, 2023, 04:38:14 PM
 #126

The revolution has already happened, and the fact that everyone will use cryptocurrencies is inevitable. The fact is that every year enthusiasts are added to the crypto community, the idea is growing, and the idea of Satoshi Nakamoto is getting more and more into the heads of people who are influential, who will be able to rebuild the unfair modern system of money. There are more and more of us, and those who learn about cryptocurrencies and Bitcoin never stop keeping this idea in mind.
It is true that what I see now is a revolution, because many enthusiasts are interested in bitcoin and other crypto, not only in terms of profit, but they learn from technology development and also ideas that never stop to innovate continuously.
Even now, there have been many seminars that have educated the public, which in the end they understand about cryptocurrencies, which are an important part of their lives, as examples in their lives they can rely on from here.
The government has now acknowledged a lot about the development of blockchain technology, it's just that fiat still cannot be replaced with bitcoin, but in theory we are comfortable using bitcoin even though it is a means of payment during transactions.

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Dzwaafu11
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February 12, 2023, 05:18:29 PM
 #127

I'm in interested in bitcoin for many reason like,
Decentralization
Trading
And other things though we can't say we come to bitcoin forum for only 1 or 2 thing but rather to get new knowledge on bitcoin and cryptocurrency as well..
Which I'm benefiting from it now, both financially and other ways

R


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February 12, 2023, 05:30:38 PM
 #128

The revolution has already happened, and the fact that everyone will use cryptocurrencies is inevitable. The fact is that every year enthusiasts are added to the crypto community, the idea is growing, and the idea of Satoshi Nakamoto is getting more and more into the heads of people who are influential, who will be able to rebuild the unfair modern system of money. There are more and more of us, and those who learn about cryptocurrencies and Bitcoin never stop keeping this idea in mind.

Growth of enthusiasts number in bitcoin community is good, but — even if it would sound strange — even more important IMO that middlebrows and townees consider bitcoin as something they are ready to deal with. They are not enthusiasts, they count if they can earn on it, but their mercantile interest moves the word about bitcoin much deeper than enthusiasts can ever. And that shows that the revolution already happened. Grin

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bbigtart
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February 12, 2023, 05:37:58 PM
 #129

Because the purpose of investing, of course, is to seek profit from our assets to become more. Because I think Bitcoin offers the opportunity to make huge amounts of profit for the future. This worldwide phenomenon of Bitcoin is one of the reasons that make many investors or companies buy Bitcoin. Apart from that, because it is decentralized, this is what got me interested in bitcoin.

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gabbie2010
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February 12, 2023, 07:45:45 PM
 #130

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
I enjoyed doing transactions anonymously courtesy of Bitcoin and I also have the opportunity of saving my assets in form of Bitcoin in my wallet without any third party having access to information regarding my total assets that is the case of saving fiat in the bank, moreso hodling Bitcoin in the wallet is another means of earning some profit accrued after investment for certain period of time preferably in a long term perspective especially when invested in a bearish run i.e when the price had dumped or dropped massively while selling all or part after a massive pump in the price all these are reasons why I got interest in Bitcoin.

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February 12, 2023, 10:26:58 PM
 #131

Those of us who are interested in bitcoin are for many reasons, but the main one is because we are intelligent people who have understood that Bitcoin represents the future of true money that is only managed by ourselves, by freeing ourselves from a yoke like banks, governments, people can work to have their money, except that the money that bitcoin represents is organic, it does not devalue and the best thing is that it does not have any backing from a non-natural action or resource that can fall and devalue, I I see it with the same interest that I eat gold.




R


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Broadanbig
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February 12, 2023, 11:43:22 PM
 #132

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
It is nice you got to know about bitcoin and this platform in time. It is never too late though but you will still have to acquire more knowledge about bitcoin so as to get yourself equiped to also onboard others too. To learn more about bitcoin, you can still google online about bitcoin, search for YouTube videos as there are a million and one videos out there waiting for people to watch, listen and get educated about bitcoin for which I know you are still curious about.

I would like to correct an impression yet as bitcoin was not really created for investment but rather to replace Fiat as a digital means of exchange but some early adopters turned it to business hub and began passing across the ideology of investment hence the new generation sees bitcoin as an alternative means of investment.
Lastly, there are a million and one reasons why people invest in bitcoin but not the least, "bitcoin is freedom of the unbanked."

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February 12, 2023, 11:55:29 PM
 #133

The main reason is that Bitcoin is not governed by an organization; it is decentralized and can never be stopped by any organization or government; a particular government can only ban it in their country but can't stop it from existing. 

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February 13, 2023, 05:24:45 AM
 #134

The main reason is that Bitcoin is not governed by an organization; it is decentralized and can never be stopped by any organization or government; a particular government can only ban it in their country but can't stop it from existing. 

Neither the government nor any individual will be able to control or even stop it. Bitcoin is Special, and decentralized, every government is only able to prohibit it both in terms of use and for alternative payments, and this is one of their efforts to stop the use of Bitcoin, not to stop the flow of Bitcoin, the power of Bitcoin is too strong and you can be sure it is difficult to hold it, after all its purpose very useful for the owner himself.

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February 13, 2023, 06:26:44 AM
 #135

If you compare bitcoin to gold or fiat, the benefits of bitcoin are many, but I am like many others here.
...

May be it will be a surprise but if to compare bitcoin, gold and fiat you'll find out that there are different benefits which all three have: you just choose what you prefer most. The majority in the forum chooses bitcoin, we like to have control over our own money and digital nature of an asset. But some others prefer relying on a third party or to have a physical object to own and they can consciously choose another option. Smiley

I don't just mean bitcoin has benefits, fiat and gold are useless, I mean bitcoin is a multifunctional asset. I'm not a fiat hater like many others because no matter how bad it is the fact that we are still using it every day, and without it we would have a lot of trouble in life. Gold is not profitable with bitcoin, but its safe. I invest in bitcoin, but I am saving gold for my kid's future. All 3 have their own benefits and different use cases.

Which is why these 3 exists up to this day and will continue to exist because every people have different view about bitcoin and gold. Just like what you guys have said, some people are still choosing physical things like Gold because they can touch it, see it and of course, they are much more assured that's its much safer that other types of investment. And there's also these people who are choosing crypto over physical things because it's easy to use and easy to carry unlike gold.

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February 13, 2023, 06:36:59 AM
 #136

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
For now, there are too many reasons why people love bitcoin. In fact, from all aspects, people have their own reasons why they love bitcoin. For example, in investing, by using bitcoin properly, you can get bigger and faster profits than other investments. Another thing is, bitcoin has a completely decentralized system, so no one really controls bitcoin, and it naturally moves based on the needs of its users. In terms of transactions, it is also very fast and can be done instantly. for example, currently, there are quite a lot of natural disasters that occur, with bitcoin, we can make donations quickly, even in a short time. There are so many reasons to love bitcoin.

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ilovealtcoins
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February 13, 2023, 09:40:39 AM
 #137

If you compare bitcoin to gold or fiat, the benefits of bitcoin are many, but I am like many others here.
...

May be it will be a surprise but if to compare bitcoin, gold and fiat you'll find out that there are different benefits which all three have: you just choose what you prefer most. The majority in the forum chooses bitcoin, we like to have control over our own money and digital nature of an asset. But some others prefer relying on a third party or to have a physical object to own and they can consciously choose another option. Smiley

I don't just mean bitcoin has benefits, fiat and gold are useless, I mean bitcoin is a multifunctional asset. I'm not a fiat hater like many others because no matter how bad it is the fact that we are still using it every day, and without it we would have a lot of trouble in life. Gold is not profitable with bitcoin, but its safe. I invest in bitcoin, but I am saving gold for my kid's future. All 3 have their own benefits and different use cases.

Which is why these 3 exists up to this day and will continue to exist because every people have different view about bitcoin and gold. Just like what you guys have said, some people are still choosing physical things like Gold because they can touch it, see it and of course, they are much more assured that's its much safer that other types of investment. And there's also these people who are choosing crypto over physical things because it's easy to use and easy to carry unlike gold.

We choose bitcoin because the returns it offers are too great, and we can't escape the temptation. If I were a millionaire, I would still choose gold over bitcoin, when I already have a lot of money, I don't need to risk investing in a risky asset like bitcoin. I still believe that profit is what we are all looking for with bitcoin and I don't want to lie about it.
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February 13, 2023, 04:09:30 PM
 #138

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
If I personally think Bitcoin is like gold, Gold is one of the rarest elements in the world. No wonder so many people all over the world are hunting for it, because it has a very aesthetic value. Bitcoin itself has a stable value against inflation, Bitcoin has gone through several phases of its ups and downs in value. And the world is now seeing the success of Bitcoin, many well-known brands have become the means of payment for Digital Gold (Bitcoin).

We see the picture above, investing in bitcoin makes many people dream of owning it,
With the scarcity that Bitcoin has

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February 13, 2023, 04:19:17 PM
 #139

If you asked me over and over again i will always have answers to provide you with the reasons why am always interested in bitcoin, I don't want to continue anymore with the fiat institutionization, i need to have control over my finance, i need to have a better experience in making transactions and payment with anything to deter me, i need a lesser transaction fee, i also need my privacy to be secured from central authorities or third parties.
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February 13, 2023, 10:48:37 PM
 #140

We choose bitcoin because the returns it offers are too great, and we can't escape the temptation. If I were a millionaire, I would still choose gold over bitcoin, when I already have a lot of money, I don't need to risk investing in a risky asset like bitcoin. I still believe that profit is what we are all looking for with bitcoin and I don't want to lie about it.

Well no, it can be correct for many but definitely not for all: earn on bitcoin would be impossible if it hadn't some other benefits which attracted people much earlier than it got it's value. It was insane to sell pizza for some coins you can mint on your own PC: why? It was not as popular as now, but in those times it already was bitcoin and that's why some people already seen it's benefits and started using it. Nowadays many people still understand that bitcoin is not only about trading or investing, it is a representative of another type of finance, an alternative to modern system.

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February 14, 2023, 04:56:40 AM
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 #141

If you asked me over and over again i will always have answers to provide you with the reasons why am always interested in bitcoin, I don't want to continue anymore with the fiat institutionization, i need to have control over my finance, i need to have a better experience in making transactions and payment with anything to deter me, i need a lesser transaction fee, i also need my privacy to be secured from central authorities or third parties.
I feel thats a pretty much every reason one could be interested in bitcoin. Well for as a late comer into the crypto world am pretty much interested in bitcoin as it can be used as a means of future investments. Just imagine if i had found this forum before now and had all this vast knowledge  i acquired from the forum, i bet i would have been a bitcoin millionaire by now. Those who had this opportunity were truly blessed and secondly bitcoin have led many people to financial independency so i there are so many for us to be interested in bitcoin. I bet with time coming we be having a full decentralized financial system all the world and its a matter of currency evolution.
-from barter system
-using of cowries
-using of metals
-paper money
-digital money
-cryptocurrency(bitcoin)
Although crypto is digital but I had to it put differently because of its uniqueness

R


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February 14, 2023, 05:28:06 AM
 #142

The thing I am most interested in about bitcoin is the idea of its creator to make it one of the world's currencies where you are not depending on any banks to keep your money rather you have full control and you have it whenever you need it. If this had only been realized by most of people in the world, they would have recommended it to their families and friends. If only there weren't any people who continue to discriminate or against its original objective, we might not use the banks right now. but because the banks don't want to be bankrupt themselves, they offer payment to promote hatred against bitcoins and any other cryptocurrency related matters.

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February 14, 2023, 08:08:35 AM
 #143

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
Every individual has a different interest in bitcoin, some people are interested maybe because bitcoin is one of the proven assets capable of providing large returns, especially for long-term holders and some are interested because bitcoin is the only Cryptocurrency that is fully decentralized and offers freedom to its finances without third party interference, apart from that there are still many advantages offered by bitcoin so that many people are interested in adopting bitcoin, for example, such as being easy to use, having fast transactions and having sophisticated technology running behind it.

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BALIK
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February 14, 2023, 09:28:46 AM
 #144

If you asked me over and over again i will always have answers to provide you with the reasons why am always interested in bitcoin, I don't want to continue anymore with the fiat institutionization, i need to have control over my finance, i need to have a better experience in making transactions and payment with anything to deter me, i need a lesser transaction fee, i also need my privacy to be secured from central authorities or third parties.

As what you said, you are interested in bitcoin only because you are tired of using fiat for your daily payments and privacy. I seriously doubt what you are saying because I don't see you talking about profit when investing in bitcoin while I am sure that 99.99% of people are interested in profit first. Are you really only interested in bitcoin's utility and not profit? If that is true, I would like to say that you are the first case I met when investing in bitcoin with no need for profit.

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February 14, 2023, 10:55:52 AM
 #145

Anyone that talks less about how they can double their money investing in Bitcoin is a liar, the first main reason why we all invest in Bitcoin is the add up in value when you hold your Bitcoin, every other reason comes later, but making more money is the first.

The second reason is the privacy part, the escapade from total control of the government.

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Cryptodebjoe
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February 14, 2023, 02:18:21 PM
 #146

The 2 major reasons why im interested in bitcoin is the profit i have a friend who started crypto business as far back as 2011 and he doesnt do any circular job like i do but he pays his rent buys a car and lives comfortably so i got interested last year in one of his seminars to join this forum to learn more another advantage is fiat decentralizaton that enables financial transactions to be carried out with ease.
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February 14, 2023, 04:27:51 PM
 #147

If you asked me over and over again i will always have answers to provide you with the reasons why am always interested in bitcoin, I don't want to continue anymore with the fiat institutionization, i need to have control over my finance, i need to have a better experience in making transactions and payment with anything to deter me, i need a lesser transaction fee, i also need my privacy to be secured from central authorities or third parties.
But you don’t use bitcoin every day, so far you can’t buy bread for bitcoin in a store or pay for transport fares. Apparently this is what you would like to achieve in the future, since most of what you have listed is impossible in everyday life.

You can find shops that sell things for bitcoins, and the commissions are not that great, but you still need to try to make it happen.

For me, bitcoin is an investment in the future, I hope that the day will come when I can become financially independent, this is probably one of my main goals, and we have already talked about all advantages of bitcoin more than once.
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February 14, 2023, 07:12:03 PM
 #148

Currently, I want to invest more in bitcoin because now the recent circumstances in my country are not favorable to hold my savings in the local currency. In my observation, there is no local currency where you can hold your saving without losing the actual value. So now the condition is as worse in the most volatile market I am feeling safer as compared to the Local currency. There are many reasons behind this, but for now, I am planning to start DCA with my saving.

Hope so now Op is clear with my intentions with bitcoin. I am sure of my decision, as bitcoin is the true financial freedom, and from my calculations if after the month of FEB ends well without any negative development then at the end of Q1 I am hoping to book a good profit from my current investment decision.   

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February 15, 2023, 12:39:27 AM
 #149

Currently, I want to invest more in bitcoin because now the recent circumstances in my country are not favorable to hold my savings in the local currency. In my observation, there is no local currency where you can hold your saving without losing the actual value. So now the condition is as worse in the most volatile market I am feeling safer as compared to the Local currency. There are many reasons behind this, but for now, I am planning to start DCA with my saving.
...

I'd say it was one of the main reasons Satoshi invented bitcoin: modern economy is based on inflation so if you hold your savings you lose all the time, more or less. If the gov in your country is less skilled or much corrupted you lose more, but even if your country has good gov you'll lose anyway, just less. So deflationary asset is something really alternative to modern economy. And it is really interesting especially for countries which economy is not developed enough.

.
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February 15, 2023, 02:24:33 AM
 #150

Currently, I want to invest more in bitcoin because now the recent circumstances in my country are not favorable to hold my savings in the local currency. In my observation, there is no local currency where you can hold your saving without losing the actual value. So now the condition is as worse in the most volatile market I am feeling safer as compared to the Local currency. There are many reasons behind this, but for now, I am planning to start DCA with my saving.

Hope so now Op is clear with my intentions with bitcoin. I am sure of my decision, as bitcoin is the true financial freedom, and from my calculations if after the month of FEB ends well without any negative development then at the end of Q1 I am hoping to book a good profit from my current investment decision.   

There is no investment strategy as effective as DCA, I support your decision, but I need to remind you, you need to make sure that the savings, you do not need it in the future or for emergencies. It would be unwise to use all of your savings to invest without having a backup plan. All fiat currencies are depreciating, but compared to bitcoin's short-term volatility, it's insignificant. In 1 to 2 months, fiat can't lose 20-30% of its value, but with bitcoin, it's normal, so think twice when deciding to invest all your savings in bitcoin.

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February 15, 2023, 02:58:32 AM
 #151

Apart from the potential profits that we might be able to generate, the technology behind it is one of the most interesting. I still find it difficult to use bitcoin as a legal means of payment or currency, but that has never dampened my initial intention of supporting bitcoin and using it among fellow users.

Now, the legality hasn't given me has not given me freedom its real-world use cases, but I never know what I'll get in the future especially when it comes to legality. Then from that, the profit potential is the most attractive to look forward to at this time. Bitcoin is an increasingly popular long-term investment for many users and institutions alike, and it has never been guilty of what its creators expected.

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February 15, 2023, 03:09:58 AM
Last edit: February 15, 2023, 03:37:54 AM by NicNacCoin
 #152

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
Why are we all so interested in bitcoin, the answer to this question will be different for each person but for me the answer to this question will be my own. I got into Bitcoin around 2017. At that time I didn't know much about Bitcoin and I couldn't find anyone to help me at that time. But now I have learned a lot with the change of era.
One of the main reasons behind investing in bitcoins is the potential for profit, if you invest in bitcoins in a bear market and if you hold your invested bitcoins for a certain period of time, then you are sure to have a chance of getting profits from your invested bitcoins.
Another thing in my case is that I'm a small gambler, I use bitcoins for daily betting. Moreover, Bitcoin is a privacy coin for casinos and betting sites. The privacy you need for all these tasks is only possible with Bitcoin. So many people including me choose Bitcoin for gambling sites.

Moreover, an important advantage is that if you want to trade in Bitcoin, you won't find more advantages than trading in Bitcoin.

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February 15, 2023, 06:19:04 AM
 #153

Well it's nice having you here in the Bitcoin world. I myself also didn't know about Bitcoin until recently, when some of my friends began to benefit from it. At first I wasn't interested because in my country many people uses Bitcoin to fraud others, and so I stayed away. But recently I saw how my friends were jubilating, on how their investment on Bitcoin produce 10 times the value of what they invested and I was amazed and said to my self, I've got to try this. It has been fun though learning more and more about Bitcoins and how it works. I actually started by buying just a small amount and then left it for sometime until this years January, when it rose up spontaneously then I withdrew my profits. I was very happy just the same way my friends were back then. My advice for you is that you should try investing and see what will be the outcome, of course if you have enough patience, you will be benefiting from your investment in no time
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February 15, 2023, 08:50:08 AM
 #154

There are multiple reasons which makes Bitcoin too appealing for me to invest in it. The greatest I like about is that it is the substitute of Gold in a digital form with all new technology and it's tremendous profit potential.
My experience of making 364$ from holding only 15$ value of BTC. I don't see anything else could benefit me the most it did. However anonymity and easy transfer in a very little time also distinguish it from the traditional payment system that encourages one to fall in love with it.
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February 15, 2023, 08:55:50 AM
 #155

If you asked me over and over again i will always have answers to provide you with the reasons why am always interested in bitcoin, I don't want to continue anymore with the fiat institutionization, i need to have control over my finance, i need to have a better experience in making transactions and payment with anything to deter me, i need a lesser transaction fee, i also need my privacy to be secured from central authorities or third parties.
I think best part of Bitcoin experience is to have unlimited transaction possibility. You can send money to anyone in world through Blockchain. You never need anything like banks, or anything 3rd party. You can buy something from banned country. It was my favorite feature Bitcoin made real. I also dislike how central banks devaluate Fiat money and decrease wealth of nation. Bitcoin's nature makes it better kind of money. Its production limit is something liberating from chains of fiat money.
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February 15, 2023, 10:17:18 AM
 #156

Because I'm still a beginner here, and still don't know much about bitcoin. So, I want to learn more about bitcoin from you guys. I want to ask you guys. Why are you interested in investing in bitcoin?
For now, there are too many reasons why people love bitcoin. In fact, from all aspects, people have their own reasons why they love bitcoin. For example, in investing, by using bitcoin properly, you can get bigger and faster profits than other investments. Another thing is, bitcoin has a completely decentralized system, so no one really controls bitcoin, and it naturally moves based on the needs of its users. In terms of transactions, it is also very fast and can be done instantly. for example, currently, there are quite a lot of natural disasters that occur, with bitcoin, we can make donations quickly, even in a short time. There are so many reasons to love bitcoin.
You are quite right about your reasons why people invest in Bitcoin but most investors now I would say are mostly focused on the speculative aspect of Bitcoin, Investment for the hopeful profits that will be earned and I believe this is why we always see the quick sell-off whenever there is some sort of FUD news. However, I think all of Bitcoin's unique abilities will surely make people interested in Bitcoin especially its decentralized nature for me.
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February 15, 2023, 09:02:10 PM
 #157

Currently, I want to invest more in bitcoin because now the recent circumstances in my country are not favorable to hold my savings in the local currency. In my observation, there is no local currency where you can hold your saving without losing the actual value. So now the condition is as worse in the most volatile market I am feeling safer as compared to the Local currency. There are many reasons behind this, but for now, I am planning to start DCA with my saving.
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I'd say it was one of the main reasons Satoshi invented bitcoin: modern economy is based on inflation so if you hold your savings you lose all the time, more or less. If the gov in your country is less skilled or much corrupted you lose more, but even if your country has good gov you'll lose anyway, just less. So deflationary asset is something really alternative to modern economy. And it is really interesting especially for countries which economy is not developed enough.
I agree with you and other people who explains their reason along with inflation, I mean lets be honest, fiat will get devalued more and more all the time and there are no nations with negative inflations ever, which means that value of fiat constantly drops. Which means we shouldn't hold fiat if we have some excess money, and what better to buy with that than bitcoin.

I know some like stocks and gold and so forth but bitcoin is the easiest and the best by far. I think it is good because it is not up to anyone to decide the price as well, if it is such a decentralized thing then we all get to decide together and that is why it is such a good thing, and this is why I choose it.

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February 16, 2023, 01:35:09 AM
 #158

I agree with you and other people who explains their reason along with inflation, I mean lets be honest, fiat will get devalued more and more all the time and there are no nations with negative inflations ever, which means that value of fiat constantly drops. Which means we shouldn't hold fiat if we have some excess money, and what better to buy with that than bitcoin.

I know some like stocks and gold and so forth but bitcoin is the easiest and the best by far. I think it is good because it is not up to anyone to decide the price as well, if it is such a decentralized thing then we all get to decide together and that is why it is such a good thing, and this is why I choose it.

Yeap, the majority in the forum will agree with us as it is bitcoin forum. Grin

But to be honest there of course some challenges which bitcoin also faces up. But if to talk about other variants: stocks are a part of an inflationary economy as well, so they go down in long prospective the same way as all other inflationary assets. Commodity like gold can be better, but physical assets have other flaws: it is harder to hide, transport and trade them. When gov will decide seize precious metals once again as it done multiple times in the past it can do it much easier then if it will decide to seize crypto assets.

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February 16, 2023, 03:35:34 AM
 #159



I know some like stocks and gold and so forth but bitcoin is the easiest and the best by far. I think it is good because it is not up to anyone to decide the price as well, if it is such a decentralized thing then we all get to decide together and that is why it is such a good thing, and this is why I choose it.

I also invest in bitcoin more than gold and stocks, but we can't say bitcoin is the best, bitcoin just gives the best return than gold and stocks. In the long run, when bitcoin's capitalization becomes as large as that of gold, the price will be determined by supply and demand. But now, despite being decentralized assets, their value is being manipulated instead of depending on supply and demand. That is, investing in bitcoin at this stage is to make a profit, and get rich quickly, not necessarily because of inflation.

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