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Author Topic: Can you give one reason why I should buy bitcoin?  (Read 1179 times)
Cookdata
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May 25, 2023, 08:10:36 AM
Last edit: May 25, 2023, 08:35:39 AM by Cookdata
 #101

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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May 25, 2023, 08:32:02 AM
Merited by CageMabok (1)
 #102

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!

Well. Let's adjust the data to the facts that your friends said and what you wrote in this post and to prove both historically and in reality. Since its launch in 2009, the price of Bitcoin was initially, Bitcoin was only worth a few cents, but in 2021, its value Up Around $69,000 per coin. In 2010, a user named Laszlo Hanyecz bought two pizzas for 10,000 Bitcoin, which at that time was worth around $25 and if converted today the Bitcoin value would be worth millions of dollars.

Now, many major companies, including PayPal, Tesla, and Square, have a accepting Bitcoin as a payment method and than several countries and financial institutions have started to adopt the blockchain technology that underlies Bitcoin. At least, this can give you a small picture of why you are investing in bitcoin.

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May 25, 2023, 08:46:01 AM
 #103

We cannot force you to buy the coins or invest in any asset, after all it’s your money, and you should only be concerned for investing it. Moreover you should also make clear that while investing you don’t have the rights to blame other person if the investment goes into losses, as the other person just gave his advise or suggestion, and you the one who implemented it. I can list few reasons why holding Bitcoins can be profitable. It is decentralised in nature, it is an digital asset, and it’s rare and the value of each coin is increasing. Now it’s upto you OP, whether you buy or not.

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May 25, 2023, 09:07:44 AM
 #104

We cannot force you to buy the coins or invest in any asset, after all it’s your money, and you should only be concerned for investing it. Moreover you should also make clear that while investing you don’t have the rights to blame other person if the investment goes into losses, as the other person just gave his advise or suggestion, and you the one who implemented it. I can list few reasons why holding Bitcoins can be profitable. It is decentralised in nature, it is an digital asset, and it’s rare and the value of each coin is increasing. Now it’s upto you OP, whether you buy or not.
In this case, it is only true that everyone must determine for himself what he wants to invest in. There is no one right solution or one asset, and all you have to do is find the best option for you.

I see a big opportunity in bitcoin, I understand that I can increase my funds that I invest in bitcoin by x4x-x5 in about 3-4 years. If my plan works, it will be a very significant profit for me and I will have very good capital, which will open before me good opportunities for further development.

There are many other investment opportunities, but I chose this one for myself, because I am sure that for me it can work and bring the best return in a relatively short period.
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May 25, 2023, 09:28:36 AM
 #105

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.
All decisions for any matter are born from oneself which will not involve other people in it, even though there are many suggestions that can be accepted and read wholeheartedly, but that does not mean that every suggestion must be used because everyone still needs to make their own research on what want him to have and I think what you said is very true that research is necessary after receiving more suggestions from others. Especially if it is about Bitcoin which is already known by more people in this world.

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May 25, 2023, 10:10:59 AM
 #106

To me, Bitcoin was once 100$ and it went up to 69k, I have never seen anything as valuable as Bitcoin, and in coming years Bitcoin can male it to 150k easily, I don't want to miss this chance again because many more people are seeing Bitcoin as the valid digital gold with lots of potential for real store of value.

As for you, I don't think you need anyone to confuse you, if you can't confuse yourself you have failed as a smart thinking human being, because everything about Bitcoin is transparent, it's easier to decide if you will invest or stay away from Bitcoin, so why are you trying to stress people to confuse you to invest in something that can change your life im future? You don't need to be confused.

Google has the answer to everything Bitcoin, the history of Bitcoin is also a very good thing to look into as well, this digital currency has never failed to surprise haters since its launch and it's been years, it withstood every FUD and hates and many haters end up having 100s of Bitcoin in their asset portfolio today, many more will come, it's a matter of time.

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May 25, 2023, 12:30:20 PM
 #107

I don't get paid for promoting Bitcoin, so I wouldn't force you to invest in Bitcoin because there's no benefit for me.

Only invest in an asset you're very familiar, understand and can accept the risk, if you force yourself because of someone ask you to invest in Bitcoin, you're do a very wrong step. But I can say Bitcoin is the best currency and might the best asset nowadays to invest.

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May 25, 2023, 01:34:35 PM
 #108

Who are you? Tell us, why we must explain or give you a reason to invest in bitcoin? Are you investing in you or us? If you are willing to share the profits with us, we will give you a reason, if you are only looking for your own benefit, you need to do everything yourself. But honestly, with an attitude like you shouldn't invest in bitcoin, and bitcoin is not for you. It's good that there aren't people like you in this market.
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May 25, 2023, 02:25:27 PM
 #109

Only invest in an asset you're very familiar, understand and can accept the risk, if you force yourself because of someone ask you to invest in Bitcoin, you're do a very wrong step. But I can say Bitcoin is the best currency and might the best asset nowadays to invest.
I agree, take yourself some time to think if you are willing to take a risk. Why not study the Bitcoin before you buy, we investors should know where our money is going. We dont need to give you a reason to invest / buy Bitcoin, we are not promoting bitcoin. And if you are planning to buy just be careful and goodluck investing your money.

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May 25, 2023, 02:34:41 PM
 #110

I don't get paid for promoting Bitcoin, so I wouldn't force you to invest in Bitcoin because there's no benefit for me.

Only invest in an asset you're very familiar, understand and can accept the risk, if you force yourself because of someone ask you to invest in Bitcoin, you're do a very wrong step. But I can say Bitcoin is the best currency and might the best asset nowadays to invest.
Well said! OP is asking for advice on whether they should invest in Bitcoin but to be honest it is a personal decision that no one should interfere with. If someone truly believes in the bright future of Bitcoin then they should go ahead and invest. However, if they don't share that belief it's better for them to avoid investing.

Personally, I prefer not to advise anyone to invest. I can explain what Bitcoin is and provide information but when it comes to investment decisions, I won't force or advise anyone. It's important to avoid situations where someone may later blame you if they experience losses.
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May 25, 2023, 02:42:01 PM
 #111

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 should buy bitcoin.I need help please!
Each person is interested in investing in Bitcoin for different reasons viz
1. As the price of Bitcoin is always fluctuating, it is possible to earn profit by investing here
2. Huge amount of money can be invested here without any banking hassles
3. Investing here is completely in our hands. and because of its value, it can be sold at any time
4. Many products can be purchased through it and there is no limit on payments
5. Many times tax can be evaded
6. Annual profit is very high which is not possible to get in any other investment
There are many benefits of Bitcoin investment like these and that is why people are interested in Bitcoin.  But despite all these benefits there are many risks so you must keep the risks in mind before investing in Bitcoin



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May 25, 2023, 03:02:02 PM
 #112

I don't get paid for promoting Bitcoin, so I wouldn't force you to invest in Bitcoin because there's no benefit for me.

Only invest in an asset you're very familiar, understand and can accept the risk, if you force yourself because of someone ask you to invest in Bitcoin, you're do a very wrong step. But I can say Bitcoin is the best currency and might the best asset nowadays to invest.
Well said! OP is asking for advice on whether they should invest in Bitcoin but to be honest it is a personal decision that no one should interfere with. If someone truly believes in the bright future of Bitcoin then they should go ahead and invest. However, if they don't share that belief it's better for them to avoid investing.

Personally, I prefer not to advise anyone to invest. I can explain what Bitcoin is and provide information but when it comes to investment decisions, I won't force or advise anyone. It's important to avoid situations where someone may later blame you if they experience losses.
Same me too, never trust with advise about investment without knowing what bitcoin is and how it functions of cryptocurreny. I always say to anyone who want invest on BTC or crypto for always DYOR (Do your on research). If someone else want to invest on crypto and need advise from me, i will tell him about dark side of crypto/BTC so he will making the right startegy and analysis to avoid loss due to on crypto market is high risk than other investment

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May 25, 2023, 06:34:37 PM
 #113

The better idea about the Investment in Bitcoin is that your money will be multiply and increase whenever a specific time of elevation comes. There is not a bad thing in bitcoin investment but remember that little sum at start will be beneficial and I think that one who does not create his interests in bitcoin cannot achieve his desired aims because every success is related to the interests and focus of the individual.

You should use your own mind because you have to use your own money so acceptance of success and failure will be yours therefore take your own decision without taking suggestions from others.



 

 

 

 

 

 


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Ataiwo913
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May 25, 2023, 06:36:50 PM
 #114

One reason why you might consider buying bitcoin is that it offers the potential for long-term growth and the possibility of diversifying your investment portfolio. While bitcoin's price can be volatile in the short term, over the long term, many investors see it as a hedge against inflation and a potential store of value that can help protect against economic uncertainty or global market downturns. Additionally, some people are drawn to bitcoin for its decentralized nature and its potential to disrupt traditional financial systems. However, it's important to note that investing in bitcoin involves risks and you should carefully consider your financial situation and risk tolerance before making any investment decisions.
Sexylizzy2813
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May 26, 2023, 01:06:42 AM
 #115

I want better ideas and  enlightenment on why I should buy bitcoin.I need help please!


If I should say "yes, buy Bitcoin and invest" is like I'm interfering on how you use you money, is best to seek out the best informative advise about Bitcoin at this period, then is left for you to decide if you'd like to buy it not.
Well, a panel of 32 financial technology and cryptocurrency specialists has projected that the price of Bitcoin would grow during 2023 and to me I just feel that this is the best moment to buy Bitcoin as the case may be and they [the specialists] are peaking at $42,225 before finally ending of the year at $35,459, according to the results of a poll carried out by the investment platform Finder and shared with Finbold on April 19.
Click Here

Some of these informations could help you decide if you'd want to or not, nobody can tell you on how to spend you money but the information you get could help you decide if you'd like to spend/invest your money on Bitcoin or not.

R


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bitterguy28
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May 26, 2023, 01:21:37 AM
 #116

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.
exactly ,so if there comes a downside or losing there is no one to blame but yourself,
I keep asking why people let themselves enters investing from others when this is our money and our losses in case.
maybe what people need to understand is how this market flows and go , and not just the profit but the complete understanding of crypto market.
buy at your own risk and this is the motto what they need to stand for.

RussiaCoinDotInfo
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Any ideas?


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May 26, 2023, 01:38:12 AM
 #117

Bitcoin has become a store of wealth as opposed to its original purpose of being a method of online transactions between two entities.  In that vein, having a small portion of your portfolio in Bitcoins is a sensible idea.  Don't chase the next big thing, chances are it isn't that great.

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fauzan Ichsan
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May 26, 2023, 06:33:12 AM
 #118

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.
exactly ,so if there comes a downside or losing there is no one to blame but yourself,
I keep asking why people let themselves enters investing from others when this is our money and our losses in case.
maybe what people need to understand is how this market flows and go , and not just the profit but the complete understanding of crypto market.
buy at your own risk and this is the motto what they need to stand for.
many of the new investors do not understand cryptocurrencies, so they entrust investment to other people with tempting offers. even though if they are already familiar with bitcoin then such a thing should not be done, as long as they want to learn I don't think it's ever too late to start. and if we still don't understand, I think buying bitcoin and holding it until you get a profit will be better, so that we actually know bitcoin investment is an investment that is not high risk

erixter
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May 26, 2023, 07:06:16 AM
 #119


Same me too, never trust with advise about investment without knowing what bitcoin is and how it functions of cryptocurreny. I always say to anyone who want invest on BTC or crypto for always DYOR (Do your on research). If someone else want to invest on crypto and need advise from me, i will tell him about dark side of crypto/BTC so he will making the right startegy and analysis to avoid loss due to on crypto market is high risk than other investment


Likewise other business and trading option, and also to consider the current demands and versatility of market, I think trading in cryptos, especially in Bitcoin is a very attracting opportunity. There are several reasons why someone might consider buying Bitcoin, but it's important to note that investing in cryptocurrencies like Bitcoin carries risks and should be approached with caution. Involving in any business of trade has always risk , but it depends on you, how you play. It's crucial to conduct thorough research, understand the risks involved, and consider consulting with a financial advisor before making any investment decisions If you are knowledgeable and well-informed, you must engage in Bitcoin trading.

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May 26, 2023, 07:52:53 AM
 #120

For me the reason to buy Bitcoin is the fact that this is the simplest way make and start investing. To do the same in bank, you need to first create an account, make deposit, if needed, present the proof of funds and so on. In bank it will be a time consuming procedure. With Bitcoin, all you need is a mobile phone and 5-15 minutes of time to become an investor. Also there is no minimum amount for purchase, so entrance level is affordable for everyone.

R


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