SOKO-DEKE
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May 24, 2023, 09:48:27 PM |
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A friend of mine once told me that I can become very by investing in bitcoin and cryptocurrency. According to him,he said some crypto analyst and experts have long predicted that bitcoin has the largest transfer of wealth and affluent The world has ever seen and that most of them that are investing in it will be the ones to be rewarded. I'm certainly not convinced about this information that he gave to me...I want better ideas and enlightenment on why I should buy bitcoin.I need help please!
Since nobody owns or controls Bitcoin, I don't think anyone here will trying to convince you to invest in it. Additionally, since Bitcoin is not a company product with company aims, why should anyone try to convince you to do so?We are advise against persuading anyone to invest in Bitcoin with the intention of making profit because it nature of volatile.so if your friend tries to convince you by doing so it as mistake, ignore them.Bitcoin has a number of advantages. The benefit of Bitcoin is that it's not only about making profits; instead, the best thing you can do is learn more about Bitcoin and cryptocurrency in general so you can verify the information for yourself and make proper decision. Everyone has a different justification for embracing Bitcoin; some hold it for its privacy features and ease of transactions, while others exclusively hold it for financial gain. As a result, each investor has a different motivator.
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Kelvinid
Sr. Member
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win lambo...
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May 24, 2023, 09:48:53 PM |
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It is the person himself need to analyse and understand why he/she should buy bitcoin. Through the discussion OP could've got different reasons, and finally it is his expectations and the belief based on which he needs to make the buying. When it comes to bitcoin, it serves multiple needs. In all there were chances of making money as well as using it as an alternate.
OP's friend have said he can be ____buying bitcoin. The gap can be filled with rich, poor, frustrated,fail etc. The gap gives a perfect connect when you understand well about bitcoin and follow the market. In each and everything there is need of investment, and the same is with bitcoin. The capital is a must and that can be done buying,next its upto the user whether to hold for long term profit, get into trading for regular earning or prefer it for transaction needs etc.
It is very important that we are able to understand the market and Bitcoin itself as at this time, we already know what is really our main goal in investing in Bitcoin whether it was for a profit generator or just for a currency. Because until now, many people are still confused about what is Bitcoin and so their purpose of being here. But as we can see, though not all, the majority are aiming for a profit and they'll buy despite the high risk because they believe it won't disappoint them in the end. The moment that we have a clear reason why investing in Bitcoin, that would certainly change our insights as well, and never thought about the risk anymore.
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nurilham
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May 24, 2023, 09:49:24 PM |
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I think BTC is useful for long-term investment.
We don't know how long BTC exists, no guarantee about it. But if we want to invest for the target profits of 4-5 years, Bitcoin is one of the good choices. We can check its price history, it always rises significantly every 4 years (bullrun season). now there is a chance to save money if fiat inflation occurs. However, the chance is not high, but it still exists. So I think it's quite useful to have some btc in the savings.
Putting money in BTC isn't for saving, it is an investment. If you want to have a saving, you can put money in banks or on Gold. BTC price is very volatile, the price is never stable. No guarantee that the amount of money will remain the same after a few months/years. Though I don't think that its a good idea to invest all the excess money into crypto.
Agree. BTC investment is a high risk, only use the extra money ( money that we can afford to lose).
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Hamza2424
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🇵🇰 Pakistan
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May 24, 2023, 11:25:14 PM |
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Hmm seems you've already got many reasons given by the community and if you still haven't made up your mind I think then you are not fit for the Bitcoin community. Don't take me wrong as you know Bitcoin is a digital asset and P2P payment mode its the most reliable in the crypto industry it is a potential store of value as well with the highlighted features and investors cant stop themselves from investing In Bitcoin. Freedom gives you power from an investor's point of view you are free to choose after so many suggestions because we cant force you as it's your money.
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crunck
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crunck
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May 25, 2023, 12:24:26 AM |
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Hmm seems you've already got many reasons given by the community and if you still haven't made up your mind I think then you are not fit for the Bitcoin community. From the very beginning, he was not a good fit for bitcoin. He knew about bitcoin through his friends, but instead of learning about it himself, he came up here asking people to give him a compelling reason to invest. I am wondering, is investing in bitcoin good for him or for us? So for someone who is always doubtful and lazy, spending time giving them advice is a waste of time. If he has done his research before but still has some questions, that is greatly appreciated and we should take the time to explain it to him.
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lienfaye
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May 25, 2023, 01:47:48 AM |
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A friend of mine once told me that I can become very by investing in bitcoin and cryptocurrency. According to him,he said some crypto analyst and experts have long predicted that bitcoin has the largest transfer of wealth and affluent The world has ever seen and that most of them that are investing in it will be the ones to be rewarded. I'm certainly not convinced about this information that he gave to me...I want better ideas and enlightenment on why I should buy bitcoin.I need help please!
Why you're not convinced with what your friend said? I think that's more reliable since you know him/her personally rather than asking random people to convince you. Anyway, if you're interested in Bitcoin and just looking for a convincing reason to invest then you can do it yourself through researching. Because what you need to know about Bitcoin is already available online. That's sufficient already for you to decide. In addition, don't invest just because someone convince you, it's still better that you invest because you gain knowledge about it and not because of other people's predictions.
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crypticj
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May 25, 2023, 03:05:27 AM |
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Do your own research. If you won't want to buy it: don't do it. You should understand what you are getting into and all risks coming with it. You can earn some money, but you can also lose a lot. So be careful.
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ImThour
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Bitcoin Bottom was at $15.4k
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May 25, 2023, 03:11:05 AM |
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No, I will not give you any reason to buy Bitcoin which is currently down 55% from All Time High, you should be smart enough to make your own financial decisions. If you are asking for a single reason and you will be convinced with that, you really need some financial education on how to invest and how to find an asset to invest in. Good Luck lol. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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Ayers
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May 25, 2023, 03:56:49 AM |
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A friend of mine once told me that I can become very by investing in bitcoin and cryptocurrency. According to him,he said some crypto analyst and experts have long predicted that bitcoin has the largest transfer of wealth and affluent The world has ever seen and that most of them that are investing in it will be the ones to be rewarded. I'm certainly not convinced about this information that he gave to me...I want better ideas and enlightenment on why I should buy bitcoin.I need help please!
Why you're not convinced with what your friend said? I think that's more reliable since you know him/her personally rather than asking random people to convince you. Anyway, if you're interested in Bitcoin and just looking for a convincing reason to invest then you can do it yourself through researching. Because what you need to know about Bitcoin is already available online. That's sufficient already for you to decide. In addition, don't invest just because someone convince you, it's still better that you invest because you gain knowledge about it and not because of other people's predictions. If I were OP, I wouldn't be convinced by anyone's advice either, OP is not wrong to not believe other people's stories and invest blindly. No advice is reliable until we see the results they get and do our own research. But what is to blame is that he did not learn about bitcoin on his own but asked us for advice to make him feel more convinced. This is a waste of both of your time because, as you said, even if his best friend, he doesn't believe them, there's no reason to believe what the stranger says. What OP said makes me feel like we need him, bitcoin needs him. While his investment only benefits him, and people like us won't get any benefit even a single thank you. No one is good enough to give advice to someone like the OP.
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reagansimms
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May 25, 2023, 04:18:43 AM |
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why I should buy bitcoin.I need help please!
If you have doubts about the potential that Bitcoin has, never invest in Bitcoin. Laszlo Hanyecz paid 10,000 BTC to get 2 Pizzas on May 22, 2010, imagine how much the Pizza cost at that time if measured by the current Bitcoin value. This extraordinary increase in Bitcoin prices makes me want to ask you again, Should you doubt Bitcoin investment? You should think of Bitcoin like an antique car or a work of art that has some sort of appeal to anyone who sees it. Bitcoin will continue to have value if demand in the market increases, Bitcoin was created with the aim of providing a decentralized form of anonymous transaction value, to eliminate bank intermediaries and other financial institutions that can reduce transaction costs.
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retreat
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May 25, 2023, 05:02:06 AM Merited by fillippone (1) |
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A friend of mine once told me that I can become very by investing in bitcoin and cryptocurrency. According to him,he said some crypto analyst and experts have long predicted that bitcoin has the largest transfer of wealth and affluent The world has ever seen and that most of them that are investing in it will be the ones to be rewarded. I'm certainly not convinced about this information that he gave to me...I want better ideas and enlightenment on why I should buy bitcoin.I need help please!
It's up to you whether you want to invest or not, I don't need to give you reasons to invest in Bitcoin. However, if you choose to invest in Bitcoin, you may be able to generate profits that you never imagined before or you will lose. What you need to know is that investing in Bitcoin is not a way to get rich quick, there are already many people with this mindset and in the end they are disappointed. You invest in Bitcoin, you are ready for all the risks, that's all, your decision to invest or not, it's all your decision.
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Maidak
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May 25, 2023, 05:06:38 AM |
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A friend of mine once told me that I can become very by investing in bitcoin and cryptocurrency. According to him,he said some crypto analyst and experts have long predicted that bitcoin has the largest transfer of wealth and affluent The world has ever seen and that most of them that are investing in it will be the ones to be rewarded. I'm certainly not convinced about this information that he gave to me...I want better ideas and enlightenment on why I should buy bitcoin.I need help please!
If you only know how to invest through other people's advice and can't do your own research on bitcoin, it's best not to invest in bitcoin. We should only invest in what we already understand and have faith in. Otherwise, don't waste your own time and money. But why don't you self-study when the materials and knowledge are all free from the internet but need the help of others? Are you having trouble finding documents or are you lazy?
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Ahli38
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May 25, 2023, 05:17:15 AM |
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Everyone has their own reasons and explanations regarding their interest in investing in bitcoin. And if you also have an interest in bitcoin then one thing you must understand first is that all decisions are in your hands, and you are responsible for all of your decisions and actions.
But you don't have to wait for other people to explain to you and influence your beliefs. On the contrary, it is you who have to look for it independently, is there anything that can interest you in investing in bitcoin. Do a thorough analysis of all aspects. Maybe you can start from the early history of bitcoin itself and the reasons behind its creation.
This is not something that will make you get rich suddenly. But it's about a decentralized system that offers you a certain amount of freedom. and if you understand then I think you will begin to understand why more and more people are deciding to invest in bitcoin. even today the number of bitcoin holding wallets continues to grow every time. those who have held are those who have found a reason to act and get into bitcoin. and now your turn to find your own reasons.
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Stella Mese
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May 25, 2023, 06:39:20 AM |
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Do your own research. If you won't want to buy it: don't do it. You should understand what you are getting into and all risks coming with it. You can earn some money, but you can also lose a lot. So be careful.
I agree with what you said, so it's true op don't think too much about other people's opinions, so it would be better if op did his own research on btc. because investing in btc is full of risks. but it could also be if the op is interested in buying btc using a little money just to understand learning and feel what it's like to invest in btc. however the decision rests with the op.
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ancafe
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May 25, 2023, 06:53:56 AM |
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A friend of mine once told me that I can become very by investing in bitcoin and cryptocurrency. According to him,he said some crypto analyst and experts have long predicted that bitcoin has the largest transfer of wealth and affluent The world has ever seen and that most of them that are investing in it will be the ones to be rewarded.
The question of how much purchase amount will someone become rich after investing in bitcoin, it will always be a problem when people try to get involved in investing because they are convinced by other people for this reason. I believe bitcoin can bring people to the stage of financial improvement, but it won't make people rich in a short time with a small amount of investment. I'm certainly not convinced about this information that he gave to me...I want better ideas and enlightenment on why I should buy bitcoin.I need help please!
You also have to convince yourself why to buy bitcoins? This means that every thing you hear from other people you have to try to find out, whatever reason we might give, it won't bring you to a conclusion either, because the one who can convince yourself is not someone else but yourself. But one thing that might be a reference material that you can learn more about, bitcoin can maintain investment value and bitcoin is also very volatile to hold, so you can study these two things first before getting deep into investing.
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bayu7adi
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May 25, 2023, 06:55:53 AM |
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If you have doubts about the potential that Bitcoin has, never invest in Bitcoin. Laszlo Hanyecz paid 10,000 BTC to get 2 Pizzas on May 22, 2010, imagine how much the Pizza cost at that time if measured by the current Bitcoin value. This extraordinary increase in Bitcoin prices makes me want to ask you again, Should you doubt Bitcoin investment?
There is no certainty in such matters. In fact, Bitcoin is highly unpredictable, given its volatile nature, leading us down a path of more intricate price speculation. Each individual has their own reasons for purchasing Bitcoin. If you consider Bitcoin to be a suitable investment model, it is essential to first understand the inherent risk profile within yourself. Recommending Bitcoin as an investment to a beginner is akin to contributing to the risk exposure of others' finances. I have some BTC in my wallet, purely because I wanted to own Bitcoin. I am prepared for price fluctuations and always ready for the possibility of BTC reaching new all-time highs.
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Rupok
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May 25, 2023, 07:13:29 AM |
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There are many reasons for people to invest in Bitcoin. I can show you many reasons why people invest in bitcoins. One of the many benefits of bitcoins is to earn more money. Bitcoin is the currency used for payment purposes. If people want to get rich a little bit, Bitcoin is one of the means, if one has proper knowledge of Bitcoin.But one thing we have to remember is that Bitcoin is really unpredictable, so you have to analyze yourself and analyze the trend of Bitcoin. Everyone knows Bitcoin is low risk, there are many proofs of people who have made huge profits from Bitcoin and become rich.
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Razmirraz
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May 25, 2023, 07:33:41 AM |
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I don't need to give you any reasons that can burn your enthusiasm to start investing in Bitcoin. Everyone has different reasons for investing in Bitcoin, you will never understand more about Bitcoin if you start investing based on other people's recommendations. Do your own investigation through several articles to recognize Bitcoin and the system works. When you understand the advantages and disadvantages of investing in Bitcoin, that's where you can take a stand to start investing in Bitcoin or not.
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Venik
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May 25, 2023, 07:47:28 AM |
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I don't think someone should be convincing you or anyone else to buy Bitcoin. If you're interested - do some research and make a decision if you're willing to take the risk.
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Cookdata
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May 25, 2023, 08:10:36 AM Last edit: May 25, 2023, 08:35:39 AM by Cookdata |
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A friend of mine once told me that I can become very by investing in bitcoin and cryptocurrency. According to him,he said some crypto analyst and experts have long predicted that bitcoin has the largest transfer of wealth and affluent The world has ever seen and that most of them that are investing in it will be the ones to be rewarded. I'm certainly not convinced about this information that he gave to me...I want better ideas and enlightenment on why I should buy bitcoin.I need help please!
Freedom! It's freedom, my friend. The way Bitcoin gives freedom, there is no way you want to use Fiat and have the kind of freedom that Bitcoins have, you have freedom against censorship, you have the freedom to privacy, you have the freedom to choose to let the world know if you have money or not, you have the freedom to spend any amount you like any limit, you have the freedom to hide from the public of your transactions, these are the few freedom you have if you use choose to buy bitcoin. There is nothing like freedom, there are vast advantages of using Bitcoin, so sit with your friend and teach him the ways of Bitcoin like a baby and I'm very sure that out of the many advantages of Bitcoin, there is one that will definitely convince him to buy Bitcoin.
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