Is bitcoin best option to invest

[Smartvirus]

It's good to invest in bitcoin but let us remember that it's a virtual and any money and profit we make in bitcoin should be directed to establish another business that will be seen physically and be managed physically.

While you might have been clear and decisive on some of the points raced, having to warn that bitcoin is just some virtual currency on the web leaves me to think it’s less practical like we have in paper and government backed up money.

That doesn’t sit well with me as o wouldn’t understand it. How much virtual do we have in a softly placed figures in mobile banking and still, we consider it money?
How much more do we have on the virtual traded currencies and other commodities in the FX market for its values?
Let’s not forget even though we know better that, it is assumed or we are being let to believe that, every single USDT out there is backed with a physical dollar and if that be any true, there we have it with backings and value to it as a virtual asset with the pegging.

The highest backing bitcoin might ever need it’s what it’s got and that’s the backing of the people.

[ajiz138]

Investing in Bitcoin can be a strong choice if managed well and if you have sufficient funds after covering your family's financial needs. However, it's important to note that Bitcoin is an investment with no guaranteed returns. It's possible that you might need to wait a considerable amount of time to see a recovery in its value due to its high volatility. Therefore, determining whether Bitcoin is the right investment depends on various factors.

Yeah... before investing we must be able to fulfill family finances along with the emergency fund so that the investment is not interrupted and not taken again when there is a sudden need, it is important to manage other assets before investing anything.

Choose bitcoin investment over others - Because the knowledge in bitcoin is quite extensive including from the tendency of the market to fluctuate due to high volatility but enough to believe that bitcoin is quite an important asset and as a future investment option many people do.

Indeed, there is no guarantee of returns with when the time, but people who have been in the scope of bitcoin for a long time already know the meaning of the cycle even though it cannot determine it, but I still believe in this asset.

I also will not leave other businesses even if bitcoin becomes the first choice.

[justdimin]

It's good to invest in bitcoin but let us remember that it's a virtual and any money and profit we make in bitcoin should be directed to establish another business that will be seen physically and be managed physically.

As investors, it's necessary for us to understand how to manage risk. Some of us here use money from our businesses to invest in crypto, while other investors make money in crypto and use some of their funds to start businesses. The point is, having multiple businesses or sources of income is always better than focusing on a single investment alone. As an investor, I understand that putting all our eggs in one basket is very risky, so it's necessary to diversify our funds effectively across different investments.

Moreover, investing in crypto does not guarantee a profit; it's akin to gambling where the outcome is uncertain. Therefore, we shouldn't rely solely on this and think of it as a surefire success. It's crucial to consider the possibility of failure.

The possibility of failure is the number one reason people make a profit. If you consider that there is a possibility that you could lose and then get ready for that, it means that you are going to end up with a profit since you would be able to see the loss coming a mile away. However, if you do not consider the possibility of losing, then you are going to end up with a loss and that will not be a smart idea for you at all.

I would highly suggest and implore everyone that they should be able to see it as something that would make a lot more sense in that regard. Just make sure that you are ready when the potential loss may come, not saying you will, just be ready if it happens just in case and you will be doing better.

[Richycryp]

Yes you are correct because so many people is always asking for advice on how to go on with investing in bitcoin.
You can really depend on bitcoin because the market is no man land, anything can happen at anytime.
So you need to study what you want to do and try to use your spare money not to sell your things and if something happened you will start crying and blaming people that introduced you to bitcoin.
So be careful

[Agbe]

Is not good not to research, when you research of things you pick some point's,  many people here have their way of life and their way of understanding somethings of bitcoin, from past thread I read so many of the people who invested in bitcoin advice us that is beginners in bitcoin investment that it should be our second option of investment, so I'm telling you guys that bitcoin is not highest option for investment but many of you rise against my statement, diversify your source of income not only in bitcoin and don't take bitcoin investment as the key investment because its a virtual currency despite that its a decentralized currency

Op are you trying to justify your lack of understanding? Op you are promoting a company in the bitcoin discussion forum, and almost all the comments said, bitcoin is the highest cryptocurrency to invest and you are still disputing the fact without evidences. The only thing you would have said was people should not depend only on bitcoin investment, they should have something doing to support their investment and not the other way round. Even @Richycryp comment is also confusing me and if there are errors I will want him to edit and be like the op.

[lizarder]

We have other investment that we can make money with, importation and exportation and also real estate management and also gas plant business that will be given weekly and monthly income depends how broad is the business and management, sometimes people do teach their children bitcoin and its not bad but let us teach our children other investment that can profit them as we think that bitcoin will profit then in future. Whoever that is having bitcoin as major source of income should spread it source of income and make bitcoin a side hustle.

It's good to invest in bitcoin but let us remember that it's a virtual and any money and profit we make in bitcoin should be directed to establish another business that will be seen physically and be managed physically.

There are many investment methods that can be run by someone and it is not limited to investment in Crypto, the more investment places we live, the greater the chance to generate profits. But talking about investment methods in many places will force us to focus on undergoing many things and this is where the difficulty is when someone is unable to run properly. People see the potential in Bitcoin today and most of them try to invest in the long run and I agree with you in one thing in spreading income and not only limited to Bitcoin.

Sometimes running a business that has a physical will be far more real, but it is no different from people who run an online business in accordance with the times. Getting the benefits of Bitcoin can develop other businesses in the real world and someone must be able to take advantage of the slightest opportunity and if bitcoin can bring someone to achieve it all, why not?

[bayu7adi]

Absolutely, no doubt about it. As of now, Bitcoin still carries substantial potential to yield profits for investors. Emerging as an alternative payment concept in lieu of traditional FIAT, Bitcoin's youthful age marks the inception of a long and promising journey. For those well-acquainted with Bitcoin, there appears to be a sustained inclination to divert its gains from the digital realm to meet physical business exigencies. This serves the purpose of asset safeguarding, particularly in the event of a crash affecting a singular money source.

My investment approach towards Bitcoin resembles that of stock acquisition. It involves consistent accumulation on a monthly basis, with a targeted horizon of 1 to 2 years from the present, earmarked for significant endeavors.

[Aanuoluwatofunmi]

Yes you are correct because so many people is always asking for advice on how to go on with investing in bitcoin.
You can really depend on bitcoin because the market is no man land, anything can happen at anytime.

When it comes to cryptocurrency investment, bitcoin is the only first recommendation one could receive because it's reliable for an investment, if we look into how fast are the other cryptocurrencies increasing, many of them will only exist for a short period then turn to scam leaving investors in the dark and vulnerable of loosing their assets with them, bitcoin is a digital currency, a acceptable one and a means of store of value people choose to invest in and make profits, this has always been same positive experience over the years since bitcoin was introduced.

[darkangel11]

It's good to invest in bitcoin but let us remember that it's a virtual and any money and profit we make in bitcoin should be directed to establish another business that will be seen physically and be managed physically.

A physical business suffers from all the physical problems. You need suppliers, you need to work to produce something, you need demand... You can be targeted by people who want to rob you, extort you, people who will give you fake reviews, people who will try to buy you out, or scare you... You have to face all the problems of running a business every day, and that includes handling returns and complaints, dealing with people, representing the business well, advertising, printing bills, having an accountant or doing books yourself...

Investing in bitcoin in many aspects is much better than running a business, especially if you already own one business. 

[Mr.suevie]

Yes you are correct because so many people is always asking for advice on how to go on with investing in bitcoin.
You can really depend on bitcoin because the market is no man land, anything can happen at anytime.

When it comes to cryptocurrency investment, bitcoin is the only first recommendation one could receive because it's reliable for an investment, if we look into how fast are the other cryptocurrencies increasing, many of them will only exist for a short period then turn to scam leaving investors in the dark and vulnerable of loosing their assets with them, bitcoin is a digital currency, a acceptable one and a means of store of value people choose to invest in and make profits, this has always been same positive experience over the years since bitcoin was introduced.

I totally agree with you, a good material or substance does not need much for it distribution and rapid growth and this certainly been the case with Bitcoin, over the years Bitcoin has so much proven that it's not just any crypto assets that put investor in the great abyss filling them with frustration and confusion. Same fate has occurred with so many altcoins and that's why investor and crypto enthusiast tend to always pick and regard Bitcoin as NUMBER 1.

[serjent05]

It's good to invest in bitcoin but let us remember that it's a virtual and any money and profit we make in bitcoin should be directed to establish another business that will be seen physically and be managed physically.

A physical business suffers from all the physical problems. You need suppliers, you need to work to produce something, you need demand... You can be targeted by people who want to rob you, extort you, people who will give you fake reviews, people who will try to buy you out, or scare you... You have to face all the problems of running a business every day, and that includes handling returns and complaints, dealing with people, representing the business well, advertising, printing bills, having an accountant or doing books yourself...

Investing in bitcoin in many aspects is much better than running a business, especially if you already own one business. 

In investment, there are all the challenges and factors that will affect our investment ventures.  Whether it is tangible or intangible both entities experience challenges.  Investing in Bitcoin if we are not in trading will only give us profit for a long time since we need to time the market for the right time to buy and sell.  While investing in Business if established correctly can give us a continuous source of income.  So we can compare their pros and cons but I will say that diversifying by having one of each is a better approach in maximizing the possibility of highest return.

[Ziskinberg]

Investing in bitcoin in many aspects is much better than running a business, especially if you already own one business. 

I don't totally agree with this one and maybe because I have a passion for running the business rather than just holding Bitcoin. Of course, I have to accept that Bitcoin is profitable but because of uncontrolled price movement, there is no certainty to make a target profit every month or even every day, unlike business where you can really achieve it if you are working hard and have an effective strategy. But because we are talking about crypto investment, nothing could beat Bitcoin as it was the most trusted coin in the crypto space.

[JoyMarsha]

Theirs so many investment to invest but many people are seeing bitcoin as the highest place to invest their money but I'm not seeing bitcoin as highest investing plan ever, I don't know people have not invested in bitcoin is thinking of bitcoin as investment you can make millions dollars when you started, I'm preaching to change our people mindset of bitcoin investment so that they will not hope that bitcoin investment make somebody to be rich the way they think of it.

People invest in things that will profit them in the future. And for such (future) goals, bitcoin has proven to be among the finest investments to make. Bitcoin is not the highest place to invest your money, as you put it, but only someone who doesn't know what the future holds for buying it as a long-term investment will reason that way. Anyway, everyone has the freedom to invest their money anyway they see fit. Consider yourself satisfied if you believe that Bitcoin is not the highest and finest investment ever.

As for me, the best investment one can make that they can feel secure about is bitcoin. If he can store his seed phrase somewhere secure.

Some people have not known that so many people who are investing in bitcoin doesn't fully depend on bitcoin as most generating income, they are using bitcoin as their side hustle, let us reduce the mentality of people and sense of humour by not seen bitcoin as the shortest way to make money, And if they should continue with such believe they may commit suicide when they put all their money and problems in bitcoin and lose by the end of the investment.

That is the key justification for properly educating everybody you bring to the realm of bitcoin investment. They should be aware that investing in bitcoin successfully needs time, patience, and spare cash.

[KingsDen]

Many people misunderstood Op but I think I got what he meant. To start;
Op, didn't mean that there's another coin better than BTC;
What he meant is that apart from bitcoin investment, there are other types of investment like import and export, Real Estate etc;
Op, the choice of bitcoin doesn't mean there are no other investment options.
To me, bitcoin investment is the most convenient.
I can't imagine the process to register as an importer and clear your goods at the bother.
I do not say bitcoin should be your only option, you are free to diversify.
But don't undermine the power of bitcoin, not everyone has the strength to manage physical businesses.

[Vaskiy]

Investing in bitcoin in many aspects is much better than running a business, especially if you already own one business. 

I don't totally agree with this one and maybe because I have a passion for running the business rather than just holding Bitcoin. Of course, I have to accept that Bitcoin is profitable but because of uncontrolled price movement, there is no certainty to make a target profit every month or even every day, unlike business where you can really achieve it if you are working hard and have an effective strategy. But because we are talking about crypto investment, nothing could beat Bitcoin as it was the most trusted coin in the crypto space.

There are people who relay completely on bitcoin. However it is always good to have it as an additional source at the beginning days and then prioritise as a major source of earning. Not everyone is able to overcome the risk with the crypto market which is the reason. When one completely relies on it, a major downfall would cause them to loss everything and the same could be life destructive.

[Asuspawer09]

Theirs so many investment to invest but many people are seeing bitcoin as the highest place to invest their money but I'm not seeing bitcoin as highest investing plan ever, I don't know people have not invested in bitcoin is thinking of bitcoin as investment you can make millions dollars when you started, I'm preaching to change our people mindset of bitcoin investment so that they will not hope that bitcoin investment make somebody to be rich the way they think of it.

Some people have not known that so many people who are investing in bitcoin doesn't fully depend on bitcoin as most generating income, they are using bitcoin as their side hustle, let us reduce the mentality of people and sense of humour by not seen bitcoin as the shortest way to make money, And if they should continue with such believe they may commit suicide when they put all their money and problems in bitcoin and lose by the end of the investment.

We have other investment that we can make money with, importation and exportation and also real estate management and also gas plant business that will be given weekly and monthly income depends how broad is the business and management, sometimes people do teach their children bitcoin and its not bad but let us teach our children other investment that can profit them as we think that bitcoin will profit then in future. Whoever that is having bitcoin as major source of income should spread it source of income and make bitcoin a side hustle.

It's good to invest in bitcoin but let us remember that it's a virtual and any money and profit we make in bitcoin should be directed to establish another business that will be seen physically and be managed physically.

Your post is a little confusing, I mean compared to other investments like the stock market, or other alternative altcoins out there for sure Bitcoin is going to be the best investment that you could do just because it is the most guaranteed cryptocurrency that could easily give you profit. For me its kinda normal for them to see Bitcoin as the highest investing plan, and it's actually possible to earn millions on cryptocurrency if you're going to think about it, but even though it is possible it doesn't mean it's going to happen, Also it would depend on your investment if you invest a small amount for sure you're just going to earn a small amount as well. The higher you invest the higher the profit as well.

If you're going to invest in Bitcoin for sure just don't do it if you still don't have something that is going to sustain your needs, it's going to be a thing for sure because Bitcoin is a risky investment, you don't really want to sell your Bitcoin just because you needed money that could just end up losing your investment or selling to a lose. If you're going to invest you need it to HODL in order to make a profit and it would going to work if you don't have some kind of savings.

It is for sure going to be great if you have multiple income streams instead of just relying on Bitcoin investments. I've listened to some podcasts and it says that if you really want to get to something like a million early what you're going to do is invest in getting multiple income streams because if you only have 1 source of income it is going to be difficult to reach a million and it's going to be risky since if you lose that source of income you don't have anything that could sustain you.

[Ale88]

You have not read some articles of bitcoin, even a good cryptocurrency investor will tell you that bitcoin investment should be your side hustle, without being in signature campaign which investment do you have in bitcoin, investigate properly before making a conclusion, we need to make our investment to not be directed in one circle, at least recircle or extend our investment to another investment, why everyone is investing in bitcoin is because it's a decentralized currency and upon that I did not condemn bitcoin investment, I only said it will be good to invest in other side of investment and make bitcoin our side hustle

You are not saying anything new: one of the first advices in the investment world is diversification, never put all your eggs in one basket. It would be wrong with bitcoin (or any other cryptocurrency) just like it would be wrong with stock market or real estate because if for any reason one of those sectors would go down that means you would be losing a ton of money. But if 5-10 years ago it would have been wise to invest just a very small size of your portfolio in bitcoin, nowadays I think there is nothing wrong investing even 20-30%.

[Blitzboy]

Theirs so many investment to invest but many people are seeing bitcoin as the highest place to invest their money but I'm not seeing bitcoin as highest investing plan ever, I don't know people have not invested in bitcoin is thinking of bitcoin as investment you can make millions dollars when you started, I'm preaching to change our people mindset of bitcoin investment so that they will not hope that bitcoin investment make somebody to be rich the way they think of it.

Some people have not known that so many people who are investing in bitcoin doesn't fully depend on bitcoin as most generating income, they are using bitcoin as their side hustle, let us reduce the mentality of people and sense of humour by not seen bitcoin as the shortest way to make money, And if they should continue with such believe they may commit suicide when they put all their money and problems in bitcoin and lose by the end of the investment.

We have other investment that we can make money with, importation and exportation and also real estate management and also gas plant business that will be given weekly and monthly income depends how broad is the business and management, sometimes people do teach their children bitcoin and its not bad but let us teach our children other investment that can profit them as we think that bitcoin will profit then in future. Whoever that is having bitcoin as major source of income should spread it source of income and make bitcoin a side hustle.

It's good to invest in bitcoin but let us remember that it's a virtual and any money and profit we make in bitcoin should be directed to establish another business that will be seen physically and be managed physically.

Your post is a little confusing, I mean compared to other investments like the stock market, or other alternative altcoins out there for sure Bitcoin is going to be the best investment that you could do just because it is the most guaranteed cryptocurrency that could easily give you profit. For me its kinda normal for them to see Bitcoin as the highest investing plan, and it's actually possible to earn millions on cryptocurrency if you're going to think about it, but even though it is possible it doesn't mean it's going to happen, Also it would depend on your investment if you invest a small amount for sure you're just going to earn a small amount as well. The higher you invest the higher the profit as well.

If you're going to invest in Bitcoin for sure just don't do it if you still don't have something that is going to sustain your needs, it's going to be a thing for sure because Bitcoin is a risky investment, you don't really want to sell your Bitcoin just because you needed money that could just end up losing your investment or selling to a lose. If you're going to invest you need it to HODL in order to make a profit and it would going to work if you don't have some kind of savings.

It is for sure going to be great if you have multiple income streams instead of just relying on Bitcoin investments. I've listened to some podcasts and it says that if you really want to get to something like a million early what you're going to do is invest in getting multiple income streams because if you only have 1 source of income it is going to be difficult to reach a million and it's going to be risky since if you lose that source of income you don't have anything that could sustain you.

That Bitcoin is the "most guaranteed" item is untrue. Even with Bitcoin, there is no guarantee on an investment. Therefore, just because something has performed well in the past does not guarantee that it will continue to do so. Those who believe they can just invest a large sum of money in Bitcoin and guarantee a big return may be in for a harsh shock.

Bitcoin, for all its splendor, could not work. Keep in mind that everything has an end, even enormous giants. Bitcoin is not here to stay. Despite the fact that we all adore Bitcoin, it would be irresponsible to not have a fallback strategy in case it disappears. It would be foolish to invest all of your money in it or any other single buy.

That being said, not everyone can succeed with HODLing. Some individuals require money. Furthermore, it is self-evident to state that someone must have "savings" before they can spend.

[KiaKia]

Bitcoin is the only digital.currency that's close to guaranteed out of all other cryptocurrencies that existed, it's still a volatile asset and it has it's ups and downs that's why I said almost guaranteed, it's safer than others but it's not stable coin which means that loss are still possible investing in Bitcoin.

To make life-changing money out of Bitcoin now you will need to DCA into Bitcoin for a long period or invest a lot of money into Bitcoin, that's because the value isn't the same as it was in 2012.

This is why I believe that Bitcoin investment is not for everybody, Some responsibilities are at stake for some people and they won't be able to afford a Sat of Bitcoin, some won't be able to complete their HODL dreams, and they will get tired along the way because they are of needs.

[Texac]

This is why I believe that Bitcoin investment is not for everybody, Some responsibilities are at stake for some people and they won't be able to afford a Sat of Bitcoin, some won't be able to complete their HODL dreams, and they will get tired along the way because they are of needs.

It is true that not everyone is economically qualified to invest in bitcoin but if I compare bitcoin investment with other investments, I find bitcoin investment much easier.  I mean, you can invest in bitcoin any amount you have, even 10$ or 20$, although the profit will be negligible.  but it's better than other investments, and there's nothing you can do with that money when you think about gold or real estate.  bitcoin is for everyone, but not everyone accepts it, it depends on each person's ability, bitcoin does not reject anyone.