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Author Topic: Why did you chose bitcoin?  (Read 153 times)
stadus
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April 13, 2023, 02:56:36 AM
 #21

Bitcoin has proven to be a strong investment. If you have been following it from the start until now, you would know its strength as an investment.

I would like to share this with you and suggest that you analyze it yourself

Quote
Bitcoin has died 473 times

From Bitcoin Obituaries - "Bitcoin is Dead" Declared 400+ Times
https://99bitcoins.com/bitcoin-obituaries/

Many times people have panicked, thinking that Bitcoin will soon die, but look where we are now. It has been growing, though not on a consistent basis. However, if you look at its long-term movement, you will be amazed at how successful it already is.

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cryptoaddictchie
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April 13, 2023, 04:41:03 AM
 #22

Why do we have this so much trust on bitcoin that it not die easily? That bitcoin is a long term investment with confidentiality. Why do you chose to trust bitcoin over any other investment?
Among other things we could say bitcoin pass the description of decentralization whereas it really shows how it is being described. Some consider bitcoin as investment some arent. But thats how we can say it gains its value. If you compare it to altcoins, youll see a big difference, apparently altcoins are advance in terms of innovation and tech used than bitcoin now, but being stable in concept? Well bitcoin really did well.

tabas
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April 13, 2023, 08:18:44 AM
 #23

Why do we have this so much trust on bitcoin that it not die easily? That bitcoin is a long term investment with confidentiality. Why do you chose to trust bitcoin over any other investment?
It's because that it's truly decentralized. No government can control it even though the exchanges and other fin tech companies can be held and controlled by them. No one can control bitcoin's network and blockchain and that's why I've chosen this over any other investments. I've got some altcoins mainly in Ethereum but majority of the rest of the altcoins that I've invested in were failures. And proven the record of bitcoin that even if a lot of countries that have said that it's banned on them, did bitcoin cared for it? Well, the community didn't cared and worried of it even an inch and it just keeps on recovering no matter what FUD and negative news was in the market. It's actually bound to go to the top, thanks to halving and limited supply which makes its great attribute for being scarce.

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yudi09
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April 13, 2023, 08:36:10 AM
 #24

Why do we have this so much trust on bitcoin that it not die easily? That bitcoin is a long term investment with confidentiality. Why do you chose to trust bitcoin over any other investment?
Are there no other questions you want to make on this topic other than to ask why you chose Bitcoin and so on.
Because Bitcoin has proven to be the only asset that can protect value.
Because Bitcoin has a strong foundation that cannot be matched by how many other altcoins exist in the crypto space.
and there are many more reasons why Bitcoin should be chosen as an investment asset.

R


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SOKO-DEKE
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April 13, 2023, 09:04:34 AM
 #25


Why do we have this so much trust on bitcoin that it not die easily? That bitcoin is a long term investment with confidentiality. Why do you chose to trust bitcoin over any other investment?


If Bitcoin have been in existence since 2009 without any issues despite the challenges of government toward it, I believe it worth to be trusted compare to other online investment like ponzi schemes.

I choose to Bitcoin investment over any others investment because I believe much on it technology especially how it was designed and how it works. it is decentralized, volatile and it limited supply. And with what I have experienced from Bitcoin investment, I believe much on it level of reputation.

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BitHeir
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April 13, 2023, 10:21:52 AM
 #26

I would like to share this with you and suggest that you analyze it yourself

Quote
Bitcoin has died 473 times

From Bitcoin Obituaries - "Bitcoin is Dead" Declared 400+ Times
https://99bitcoins.com/bitcoin-obituaries/
A better way to see how strong Bitcoin is since 2009 is seeing a visual chart for "Bitcoin is dead"
https://buybitcoinworldwide.com/bitcoin-is-dead/

Year over year, there are less callings "Bitcoin is dead" because people just realized that Bitcoin won't die. Less people think it will die.
Jon_Hodl
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April 13, 2023, 10:23:34 AM
 #27

For me, there are a number of reasons so I will just list as many as I can think of right now.

- The system is based on ownership and not debt like fiat.
- Every node has verified every past transaction and will verify every future transaction.
- It's owned and operated by normal people and not trillionaire banks, politicians, and the corporations that have grown up around them.
- The pure number of guesses required to guess my private key requires more energy than exists on earth (2^256)
- Anyone can audit the entire past, present, and future with minimal hardware costs.
- You can't cheat the system because everyone is watching everything and dishonest transactions are instantly dropped from the network. Only truth gets relayed to other nodes.
- The cost to attack the network is greater than the cost to cooperate with the network so there's little to no incentive to attack when you can make more money to just cooperate.
- It's borderless so anyone in the world can participate
- It doesn't require anything but a wallet to receive a payment.
- It will likely create more upward mobility than countless social and charity programs.

In short, it will bring about more freedom, privacy, and prosperity than pretty much anything in history. All we have to do is stack sats and hodl for like 5-10 years and we will be incredibly free. 

I'm here to chew bubblegum and stack sats....and I'm all out of bubblegum. - Learn More About Bitcoin: What Is Bitcoin?
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