Benefit of bitcoin

[Onyeeze]

I think other writers has outlet the benefits of bitcoin and none benefits of bitcoin before, I don't need to praise bitcoin much because its just a technology and anything can interrupts the chances of it prolonging values.
1) From what I have observed  in bitcoin its a financial relief when you know the secrets behind the uses of bitcoin and some of the investment.
2) bitcoin have some of disadvantages which we are not supposed have all our hope in bitcoin, sometimes the mistakes of people lossiing in bitcoin investment is as a result of improper explanation and orientation when coming to invest in bitcoin.
3) bitcoin is like a life bencher for lawyers, why in financial aspects bitcoin is a freedom it doesn't have who control it.
4) having much benefit in bitcoin is when you know the good time to invest in bitcoin, like sometimes profit in Bitcoin investment is determination by the amount used for invest.
5) I want new people to know that the advantages of bitcoin investment is higher than the disadvantages if you take your investment plans serious.

[siedemtrzy]

If you want new people to know about the advantages of Bitcoin then it's not the place, we all here know that. But your points are valid, can't deny that.

[348Judah]

I think other writers has outlet the benefits of bitcoin and none benefits of bitcoin before, I don't need to praise bitcoin much because its just a technology and anything can interrupts the chances of it prolonging values.

Anything like what?
Government?
People?
Centralized Institutions?
Hack?
Scam?

As far as am concerned, nothing can stop the progress of bitcoin, not even the government, as far as bitcoin network still maintain the same protocols it works by on the blockchain.

2) bitcoin have some of disadvantages which we are not supposed have all our hope in bitcoin, sometimes the mistakes of people lossiing in bitcoin investment is as a result of improper explanation and orientation when coming to invest in bitcoin.

All this you stated aren't a disadvantage of bitcoin because each individual is responsible for the bitcoin they hold, you cant blame the government or banks for being responsible if you lost your money or got attacked, if you lost your bitcoin or risk it under attack that's your own fault and vulnerability.

3) bitcoin is like a life bencher for lawyers, why in financial aspects bitcoin is a freedom it doesn't have who control it.
4) having much benefit in bitcoin is when you know the good time to invest in bitcoin, like sometimes profit in Bitcoin investment is determination by the amount used for invest.
5) I want new people to know that the advantages of bitcoin investment is higher than the disadvantages if you take your investment plans serious.

But i taught you're to enlighten more on the disadvantages of bitcoin but now seing you talking about it advantages, which means even tou cannot figure out any disadvantage related to the use of bitcoin since the whole opportunity with bitcoin adoption is on a decentralized p2p network, which means by default you're in charge of your digital finance.

[wahyuagung26]

4) having much benefit in bitcoin is when you know the good time to invest in bitcoin, like sometimes profit in Bitcoin investment is determination by the amount used for invest.

So from your statement, a little conclusion can be drawn that those who want to invest must pay attention to the right time to invest, and this method is done by everyone who invests in bitcoin because it moves them into the realm of profit, but this does not happen to all Investors, whether they are large or medium investors, those who know when the time is right, of course they have enough knowledge and experience in this matter.

And we suggest a little for Investors who so far haven't got the perfect target they want, as well as having to know about the realm of charts and market lines, and from this it requires that they should have the knowledge to jump into Bitcoin Investment because knowledge is an important aspect for profit. them, and the experience they will gain over time.

5) I want new people to know that the advantages of bitcoin investment is higher than the disadvantages if you take your investment plans serious.

Maybe the profit aspect will outweigh the losses they get from a Bitcoin Investment, but there is also a need to know about the full loss, because it has a big impact on someone, and to be honest you are responsible for your own digital assets, but we have seen so far Losses are rare, and maybe this happens because they adhere to long-term investments so losses are prone to occur, and they choose to keep holding when prices are correcting in the market.

[tranthidung]

1) From what I have observed  in bitcoin its a financial relief when you know the secrets behind the uses of bitcoin and some of the investment.

It is very stressful for newbies who need many months and maybe four to five years to understand about this market. It's not easy and financial relief. They must understand the market psychology but it is not easy. News are used to manipulated this market because news can affect human emotion and psychology.

Understand market psychology will help you to be less panic with bad news and less FOMO with big news.

Rest points of your post are not interesting and some points overlap each other.

[mendace]

I think other writers has outlet the benefits of bitcoin and none benefits of bitcoin before, I don't need to praise bitcoin much because its just a technology and anything can interrupts the chances of it prolonging values.
1) From what I have observed  in bitcoin its a financial relief when you know the secrets behind the uses of bitcoin and some of the investment.
2) bitcoin have some of disadvantages which we are not supposed have all our hope in bitcoin, sometimes the mistakes of people lossiing in bitcoin investment is as a result of improper explanation and orientation when coming to invest in bitcoin.
3) bitcoin is like a life bencher for lawyers, why in financial aspects bitcoin is a freedom it doesn't have who control it.
4) having much benefit in bitcoin is when you know the good time to invest in bitcoin, like sometimes profit in Bitcoin investment is determination by the amount used for invest.
5) I want new people to know that the advantages of bitcoin investment is higher than the disadvantages if you take your investment plans serious.

Point 4 is totally subjective because as far as I'm concerned, there's no point in waiting for the price of Bitcoin to go higher to make a good profit.  There are 2 types of Bitcoin investors the one waiting for the gain and the one waiting to pay in sats.

[Z390]

The end of Bitcoin is in the hands of it's adopters, and it's impossible for everyone to think the same and give up on Bitcoin at the same time, this is how crazy it gets with Bitcoin, the decentralized works as planned, even if a bunch of people decides to hate on Bitcoin and sell their coins some people will buy from them.

Panic, FOMO, and FUD all have a major role thet play with the crypto market, it will take a very long time to finally understand how Bitcoin and the crypto market works, it took me more than a year and I had to live through a bear market to understand the importance of bear market and the Bitcoin halving.

In order to make use of every opportunity that might come your way, you have a lot to learn about bitcoin before you can think that you will get what you won't within months.

[jeraldskie11]

1) From what I have observed  in bitcoin its a financial relief when you know the secrets behind the uses of bitcoin and some of the investment.

In my opinion, even though there many ways of the best use of Bitcoin but trading and investing is the main thing for financial relief. Investors are getting rich because of Bitcoin in just few years compared to their outside businesses especially if they know the secret behind it. In trading, I know it's difficult but if you're really a disciplined person there's a higher chance to be successful in this journey even if you're newbie.

If you want new people to know about the advantages of Bitcoin then it's not the place, we all here know that. But your points are valid, can't deny that.

But still you can recommend this forum to ask their personal questions about cryptocurrencies especially Bitcoin.

[terencio]

Bitcoin is a digital currency that has its own set of advantages and disadvantages. Some of the advantages include being highly liquid, transparent, and relatively safe. However, investing in Bitcoin is volatile, energy inefficient, and lacks proper regulatory oversight¹. It is important to understand both the pros and cons of Bitcoin before investing in it.

[drwhobox]

If you want new people to know about the advantages of Bitcoin then it's not the place, we all here know that. But your points are valid, can't deny that.

Yes, people already know the advantages of bitcoin here. Maybe some people don't fully know about the advantages of bitcoin but also there are other advantages of bitcoin which not mentioned in the thread. 

5) I want new people to know that the advantages of bitcoin investment is higher than the disadvantages if you take your investment plans serious.

Yes bitcoin has some disadvantages but not as serious as central banks and fiat.

[BIT-BENDER]

Well many newbies are already who are into crypto-currency are coming from or are still in the traditional financial system and for a certain they are aware of the disadvantages that already brings in, also some of them has made investments to and they should understand the risk that goes with Investing.

I prefer to be plain when I am telling newbies about Crypto-currency, I let them know it's a digital asset and just as you are to protect your self on the internet, the web you should protect yourself in crypto-currency and just as you should invest wisely in other sector and also know how to trade stock first before proceeding you should do the same with crypto-currency.
Crypto won't take away all your problems but it would make financial system better than the traditional financial system.

[southerngentuk]

1) From what I have observed  in bitcoin its a financial relief when you know the secrets behind the uses of bitcoin and some of the investment.

You have to understand that those who are new to this market are actually very mentally strong in the face of their close friends' losses. It takes many people a lot of time to be able to face it, and it is the same bloody experience that every investor has gone through. This is really not pleasant at all because market psychology is inherently full of immobility, a game where side factors can greatly affect you. From the psychological perspective, emotions can calm before bad news or the temptation of FOMO. So don't think that it's really comfortable because the world of bitcoin is very large and complex.

[dewez]

i think people forget or fail to understand that the underworld has fully adopted crypto. cartels, russian, mob.. their biggest problem wasn't getting contraband into a country, it was getting the cash back home. think of all the headaches.. well those days are long gone. a quick google search will tell you this is an estimated 32 billion dollar market. add sex and extortion and you can probably double it.

[Agbe]

I would take the number 5 as the most important one among all. For the number one, before you have that financial freedom from bitcoin you have to be patient and take risk. For the number two, the unprofessional attitude also made investors to loss out. Bitcoin is life bencher for lawyer? And not for the people? I really don't understand that clause. Yes the total amount of money you used in investing in bitcoin will determine the profit. Op bitcoin is not something one would just go into and becomes rich overnight. At least you have to wait for some months to have that benefits.

[jossiel]

Newbies have to understand that most benefits of being invested in Bitcoin won't come to them on an instant. Why? It's because it's highly volatile and not all of these newbies are used to take this volatility that's coming from Bitcoin.

All they think is that money grows overnight and that's how the majority is earning on Bitcoin. It sounds like it's still a ponzi to them without realizing what they're up to. And that's why before investing on it and realizing the actual benefits of it, they need to give themselves a time to learn what really is Bitcoin.

[Onyeeze]

I would take the number 5 as the most important one among all. For the number one, before you have that financial freedom from bitcoin you have to be patient and take risk. For the number two, the unprofessional attitude also made investors to loss out. Bitcoin is life bencher for lawyer? And not for the people? I really don't understand that clause. Yes the total amount of money you used in investing in bitcoin will determine the profit. Op bitcoin is not something one would just go into and becomes rich overnight. At least you have to wait for some months to have that benefits.

You are not a lawyer, its only people who went to law school that knows the meaning of life bencher, when speaking of bitcoin I have not said bitcoin is something you will just join and make profit immediately, before you are successful in bitcoin you have known the plans of bitcoin investment and known how people who make profit in bitcoin follows

[Ojima-ojo]

Bitcoin is an unstoppable technology that has a long term life span that counts across generations and time, this is not the like of technology that could a possible interruption of its development, but between we must have a balanced ground that will lead us to any possible future goals and aspirations that caught across that time.


History already has a good record of Bitcoin and how it has evolved, this is no different from all other technologies that have survived the test of time e.g. the internet which many predicted it possibly dead many times but still yet keep existing and developing.

[ElmedoRator]

For those who are new to the Bitcoin and crypto world, it is important to understand that investing in Bitcoin does not guarantee instant wealth. These fluctuations are relatively strong, making it difficult for those unfamiliar with this level of volatility. So approach Bitcoin with realistic expectations and educate yourself about how it works, its underlying technology, and the factors that can affect its price movements. Understanding the risks and potential rewards involved in making informed investment decisions is a wise approach.

[lionheart78]

I think other writers has outlet the benefits of bitcoin and none benefits of bitcoin before, I don't need to praise bitcoin much because its just a technology and anything can interrupts the chances of it prolonging values.
1) From what I have observed  in bitcoin its a financial relief when you know the secrets behind the uses of bitcoin and some of the investment.

This is one reason why people who wanted to engage in Bitcoin for financial relief needs to study and learn the ropes of Bitcoin, the technological and the economic aspect.  Blockchain technology is one of the new emerging and trending technology.  If a person is able to understand it, he can then offer his service and many start-up company may avail for it. From an economic aspect, the opportunity from investment, trades and catering new set of audience can be and extra source of income for people.

2) bitcoin have some of disadvantages which we are not supposed have all our hope in bitcoin, sometimes the mistakes of people lossiing in bitcoin investment is as a result of improper explanation and orientation when coming to invest in bitcoin.

I do not think that the improper explanation is one of the flaw of Bitcoin.  These are human-made error which can be fixed by personally studying the what-about of Bitcoin.

3) bitcoin is like a life bencher for lawyers, why in financial aspects bitcoin is a freedom it doesn't have who control it.

When it comes to legalities, lawyers are the sought-after of people even though Bitcoin isn't control by anyone, once it enters centralized services, it will be covered by the regulation and law of a country.

4) having much benefit in bitcoin is when you know the good time to invest in bitcoin, like sometimes profit in Bitcoin investment is determination by the amount used for invest.

I agree, by knowing when to enter and when to exit is crucial in engaging with Bitcoin trading and investment.  It determine how much we win or loss in our Bitcoin venture.

5) I want new people to know that the advantages of bitcoin investment is higher than the disadvantages if you take your investment plans serious.

We can start by sharing the wonderful of Bitcoin to our families and friends.  From that if these people experienced the positive result in their Bitcoin journey, they will definitely share the news.  Word of mouth is still one of most effective way of advertising something.  So if we plan to use it then we should be well prepared and knowledgeable enough in order to avoid misrepresentation.

[Z-tight]

i think people forget or fail to understand that the underworld has fully adopted crypto. cartels, russian, mob.. their biggest problem wasn't getting contraband into a country, it was getting the cash back home. think of all the headaches.. well those days are long gone. a quick google search will tell you this is an estimated 32 billion dollar market. add sex and extortion and you can probably double it.

If you are suggesting that BTC is the best currency for criminals and money launderers, then you are not correct; take note that BTC transactions are not anonymous and everything is recorded in a public ledger which can be tracked to people's real identities. Money launderers move a lot of money, and they will find it difficult to convert it on crypto exchanges, and even if they do, it will be after series of kyc submissions which will expose their identity, cash is the best option for the "underworld", and not BTC.