Reasons to be attracted to Bitcoin

[Assiduous]

Currently, there are more than 1000 cryptocurrencies in operation around the world. However, Bitcoin is the most popular in the exchange.Created by Satoshu Nakamoto, Bitcoin has a current market capitalization of several hundreds of billions of dollars.

 The main reason why most people are attracted to Eptocurrency is that it offers huge profits with low investment.Again, if its value suddenly decreases, there is a possibility of loss.

[mvdheuvel1983]

Currently, there are more than 1000 cryptocurrencies in operation around the world. However, Bitcoin is the most popular in the exchange.Created by Satoshu Nakamoto, Bitcoin has a current market capitalization of several hundreds of billions of dollars.

 The main reason why most people are attracted to Eptocurrency is that it offers huge profits with low investment.Again, if its value suddenly decreases, there is a possibility of loss.

People are attracted to Bitcoin for several reasons. The main reason for you to be attracted to Bitcoin may not be the main reason for me. Some of the reasons people are attracted to Bitcoin include
- Freedom from government and oppression
- Hedge against inflation
- Ease of doing international business (Cross order payment)
- Lower fees and lightning speed transactions
- Control of ones funds
- Generational wealth
- FOMO ...they do not want to miss out

It varies from person to person and country to country.

[Vickysagar]

Currently, there are more than 1000 cryptocurrencies in operation around the world. However, Bitcoin is the most popular in the exchange.Created by Satoshu Nakamoto, Bitcoin has a current market capitalization of several hundreds of billions of dollars.

 The main reason why most people are attracted to Eptocurrency is that it offers huge profits with low investment.Again, if its value suddenly decreases, there is a possibility of loss.

Those who are not stupid already know that Bitcoin is not a "become rich fast" investment. There are a lot of other reasons. it has big long-term potential. It's decentralized. It'sanonymous at least. Seems like you didn't make a lot of research before saying that.

[Hatchy]

What do you mean by eptocurrency, I would likely assume that to be a typographical error. All you have said is true, as everyone here on this forum already know about it, so I don't see why you aren't telling us something  we don't know.

Of all the existing cryptocurrency, Bitcoin has shown to be much more profitable with a market cap over $ 580.02B USD  and most people would usually invest in it. Other cryptocurrency or rather altcoins are still in the early stages of development, and their long-term success is uncertain.  

.Again, if its value suddenly decreases, there is a possibility of loss.

Not just Bitcoin all cryptocurrency. As we know, cryptocurrency is a volatile technology that is affected by many factor, including Market demands, economy, technological advancement or even the social media. So when it's affected by these factors, there is usually a change in their values either positively or negatively.

[Despairo]

Huge profit for low investment? yes if you bought Bitcoin when the price was $1,000 or lesser, now Bitcoin price is around $30,000 and the possibility to reach huge profit is unlikely as the next bull run many people expect the price will only reach $100,000 or 3.3x multiply, it also take few years to earn. Don't get me wrong, Bitcoin price will increase, but you can't hope your $1,000 would turn become $1,000,000 after 4 years, you're need to make money because you need to feed yourself.

[zaim7413]

Bitcoin not only offers benefits for investors and makes it easier to transact goods and services for its users, but there are also risks that can eliminate some of the value of money when it is in a Bearish phase. The convenience offered by Bitcoin has increased people's interest in Bitcoin, one of the advantages that Bitcoin has is being able to send money across countries without having to use intermediaries.

When a family of yours studying abroad needs money suddenly to pay tuition fees or pay hospital fees, you can immediately send them some Bitcoin to pay for their needs in a matter of minutes anytime and anywhere. The fast transactions that Bitcoin offers is another advantage that fiat money cannot do, besides that Bitcoin can also act as a long-term investment asset to store value against inflation.

[michellee]

If people invest in Bitcoin with a small amount of money, they can't expect big returns unless the price is very high. If they invest $1000 in Bitcoin and then sell it for $1,000,000, the profit might be huge. But the profit will not be huge if they only use $ 100.

The profits they earn will be by how much they invest. And investing now is not just buying Bitcoins and done but they have to try to buy Bitcoins regularly over a certain period. That will make the Bitcoin continue to increase until the time they want and then they only need to wait until the Bitcoin price increases and then sell the Bitcoin.

And if the current Bitcoin price drops, it is a good opportunity for them to buy because, for the same amount of money, they can earn more satoshis than their previous purchase. But what attracts people to Bitcoin is that they can expect to make a profit in the future.

[knowngunman]

Currently, there are more than 1000 cryptocurrencies in operation around the world. However, Bitcoin is the most popular in the exchange.Created by Satoshu Nakamoto, Bitcoin has a current market capitalization of several hundreds of billions of dollars.

 The main reason why most people are attracted to Eptocurrency is that it offers huge profits with low investment.Again, if its value suddenly decreases, there is a possibility of loss.

There's nothing to take home from your post. Your topic says reasons to be attracted to bitcoin but you failed to highlight those reasons in your post. For your information, there's no major reason people are attracted to bitcoin because every individual reason differ and to each person, their reason is major. Bitcoin doesn't offer huge profit with low investment, It's not ponzi or gambling. However, some people are attracted to bitcoin for financial gain, while some are attracted because of its decentralized nature and to some because of its peer to peer transaction devoid of government control. Bitcoin also offer anonymous and privacy which may be the reason why some people adopt it. There'll be lose if it decrease below your buying price normally and vice versa.

[Husires]

This could be the reason for beginners, and that all these currencies are counterfeit copies of Bitcoin and do not have real technical development. It is like buying a fake global brand. It is true that it is cheap, but it will not be at the global brand price. You will find that the owners or sellers of that brand claim that it is original, but all they do is deceive investors to steal their money.

Therefore, the number of real cryptocurrencies is less than 100, those that have fundamental differences, and the rest are worthless duplicates.

[CageMabok]

Currently, there are more than 1000 cryptocurrencies in operation around the world. However, Bitcoin is the most popular in the exchange.Created by Satoshu Nakamoto, Bitcoin has a current market capitalization of several hundreds of billions of dollars.

The popularity of Bitcoin with market capitalization is caused by the increasing number of people who like and like Bitcoin, because they definitely buy Bitcoin on the exchange, even if not in very large quantities. In addition, Bitcoin was also the first to be known by many people in the past before there were 1000 other cryptocurrencies on many exchanges, so Bitcoin's current popularity is a very natural thing to happen.

The main reason why most people are attracted to Eptocurrency is that it offers huge profits with low investment.Again, if its value suddenly decreases, there is a possibility of loss.

Losses are only for those who released Bitcoin at a low price after buying at a higher price, but those who still saved well enough to see a low price in the market will never suffer a loss. Because they can still wait for high prices to take profits when they want to sell them back into the market, so those who are interested in Bitcoin and profits via Bitcoin are people who are consistent and also full of patience in waiting for profits.

[Nrcewker]

Currently, there are more than 1000 cryptocurrencies in operation around the world. However, Bitcoin is the most popular in the exchange.Created by Satoshu Nakamoto, Bitcoin has a current market capitalization of several hundreds of billions of dollars.

 The main reason why most people are attracted to Eptocurrency is that it offers huge profits with low investment.Again, if its value suddenly decreases, there is a possibility of loss.

Profit is not the only reason for which people are attracted towards Bitcoins. It’s the freedom that they get from Bitcoins which binds them with the coin. Yes you can get huge profits from small investment, but the main reason people are investing in Bitcoins because of its decentralised nature. Bitcoins cannot be controlled by any government or governing body, hence people are saved from paying unnecessary taxes and fees. When people store money in bank, then completely don’t own it. But in case of Bitcoins, the whole finances belongs to you only.

[BD Crypto]

I guess including me people believe that Bitcoin is the future of Currency system and you have full control on your assets.
I really love the concept of Bitcoin that's why it attracts me more. People are now much conscious about their assets and they even now don't believe the Banks as many Banks have gone into bankruptcy. And just reserving your assets will not make you beneficial rather than inflation problem. So they are eager to have a secured way of investment which have a huge potential for the future and it's already proved.

Is there any other reason needed to be attracted to Bitcoin? Obviously this is just a part why people like it and there are many more advantages to be discussed and why Bitcoin should be accumulated. It makes transections faster, easier, anonymous and obviously Decentralized. I love almost every properties of Bitcoin rather than it's manipulation problem or negative volatility.

[Sim_card]

Personally, I adopted bitcoin because of the financial freedom that it gives to users. This is the main purpose of creating bitcoin by Satoshi Nakomoto. As time passes on the demand of bitcoin started increasing because of it decentralized nature and that freedom that users have to be in control of their own funds. The more the adopters the more the price increases and those who Boughy bitcoin very cheap at $100 saw the profit that they have gained for buying bitcoin at the early age. Bitcoin halving opened every bitcoin investors and the news of bitcoin being profitable was in the air. Newbies think more of the profit than the purpose. You can only make profit from bitcoin when you buy at dip and sell when the price is high. If you don't understand bitcoin movement analysis,you might end up buying and selling at the wrong time,which will lead to loss.

[OgNasty]

I think a big reason to be attracted to Bitcoin is for diversification in your investments. Crypto is emerging as a new asset class and Bitcoin is widely considered the most fairly distributed and secure coin out there. Not to mention it has the first mover advantage. Every investor should have exposure to Bitcoin and even Ethereum.

[Outhue]

Currently, there are more than 1000 cryptocurrencies in operation around the world. However, Bitcoin is the most popular in the exchange.Created by Satoshu Nakamoto, Bitcoin has a current market capitalization of several hundreds of billions of dollars.

 The main reason why most people are attracted to Eptocurrency is that it offers huge profits with low investment.Again, if its value suddenly decreases, there is a possibility of loss.

If the value of Bitcoin ever decrease, there is a big possibility of making more money by investing more money, this is the way I see every dumps in the crypto space, and I don't blame newbies like you for getting scared of dumps, I have just been around for too long so I have finally understand that dumps is what should be your main target in crypto space if you want to tell your success stories later when a new bull market comes.

If you keep up with your believe it's only a matter of time, you will soon come to realize that bear market favors the brave more, while the whole world are running away from crypto investment because of dumps, they will make a come back when the price are surging again, this is the painful truth, and I am glad this is how it's going to play out, I mean who will pump the bags of early investors anyway?

[Iranus]

Currently, there are more than 1000 cryptocurrencies in operation around the world. However, Bitcoin is the most popular in the exchange.Created by Satoshu Nakamoto, Bitcoin has a current market capitalization of several hundreds of billions of dollars.

 The main reason why most people are attracted to Eptocurrency is that it offers huge profits with low investment.Again, if its value suddenly decreases, there is a possibility of loss.

People are attracted to Bitcoin for several reasons. The main reason for you to be attracted to Bitcoin may not be the main reason for me. Some of the reasons people are attracted to Bitcoin include
- Freedom from government and oppression
- Hedge against inflation
- Ease of doing international business (Cross order payment)
- Lower fees and lightning speed transactions
- Control of ones funds
- Generational wealth
- FOMO ...they do not want to miss out

It varies from person to person and country to country.

All the reasons you give won't make any sense, and no one will care if bitcoin doesn't make a profit. Profit is still the first priority that people care about, then the factors you mention. But many people always deny that they come to bitcoin not for profit, funnier than they discuss bitcoin price every day.

I totally agree with what OP said, crypto and bitcoin market attracts investors because of the huge profits it brings. We only need a small amount of capital to still get a large profit, and that is the advantage that attracts investors compared to other financial markets.

[Bananington]

The main reason why most people are attracted to Eptocurrency is that it offers huge profits with low investment.Again, if its value suddenly decreases, there is a possibility of loss.

You cannot speak for everyone newbie. Profit from investment in bitcoin is one attractive quality that bitcoin has, but it is not the only thing that has made people attracted to it. Read well and search for the other functions that bitcoin can serve, they are all very attractive in their own way and will attract different people based on what it is they need. Some very wealthy people will not see any need to invest in bitcoins, but luckily because that is not the only benefit of bitcoin, some rich people still have it for other uses.

[Porfirii]

In fact, right now there are more than 10,000 cryptos listed in coinmarketcap.com (although I recall seeing more than 20k a few months ago somewhere in CMC), and the real number is way bigger than that, so OP fell quite short by stating that there are over 1,000 cryptos in operation.

Another member said that the real coins are less than 100, but it may be more accurate than the previous observation taking into account that he was speaking about the ones with fundamental differences.

It is true that in the past many people got rich with a very small investment, but as the market matures this is more and more uncommon, and the number of people left behind by dead coins, pump&dumps, etc. is increasing (especially in bear markets and accumulation phases), so be careful and inform yourselves well before entering the markets.

[RockBell]

Currently, there are more than 1000 cryptocurrencies in operation around the world. However, Bitcoin is the most popular in the exchange.Created by Satoshu Nakamoto, Bitcoin has a current market capitalization of several hundreds of billions of dollars.

 The main reason why most people are attracted to Eptocurrency is that it offers huge profits with low investment.Again, if its value suddenly decreases, there is a possibility of loss.

considering that Bitcoin is the first cryptocurrency to have been invented and also the driving force behind the entire market if anything to happen to Bitcoin then others should be ready to crash along with it since the entire market depends on Bitcoin, and the nature of Bitcoin is different from most of this altcoin, some altcoin can not even survive during this bear market, so investing in bitcoin reduces risk compare to altcoin that can give you total liquidity of your money, even if bitcoin has its own risk is still very preferable.

[BenCodie]

Currently, there are more than 1000 cryptocurrencies in operation around the world. However, Bitcoin is the most popular in the exchange.Created by Satoshu Nakamoto, Bitcoin has a current market capitalization of several hundreds of billions of dollars.

 The main reason why most people are attracted to Eptocurrency is that it offers huge profits with low investment.Again, if its value suddenly decreases, there is a possibility of loss.

Eptocurrency? lol.

The main reason that greedy people are attracted to cryptocurrency is because of the potential huge profit that they perceive. The main reason that people use Bitcoin and stay with it in the long run is because:
- It is censorship resistant, nothing can entirely stop your access to it. Entities such as banks or governments can not ban or block access to it or your holdings.
- It is private (unless privacy is willingly sacrificed by the holder by using identifying services)
- Fees are lower for international transfers in most cases and you aren't charged to have a wallet (like you are when you use a bank)
- The reward for holding for a long period of time is not only historically high, but better than the devaluation that would occur by holding fiat in the long term.

I would call all of the reasons listed above as more valid reasons that because "people want huge profits". Generally those who have entered Bitcoin or cryptocurrency with that mindset have been burned, for better (learnt for next time) or for worse (now call crypto a scam because of their own greed).