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Author Topic: Is bitcoin best option to invest  (Read 1166 times)
uswa56
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August 15, 2023, 12:10:44 PM
 #121

When hearing about Bitcoin as a virtual currency on the web, many people may find it unrealistic or confusing.

What is interesting, however, is that Bitcoin has actually had a significant increase in community adoption and interest. Part of its value comes not only from its powerful blockchain technology, but also from the trust and participation of millions of users around the world. Creating a virtual asset with real value and realism depends on the level of acceptance and support from the community.

With the emergence of stablecoins and the connection of some cryptocurrencies with real value, there is an effort to create a stronger link between virtual money and reality. However, I understand that Bitcoin still faces many doubts and different views from market participants and investors. But community support and participation is an important part of shaping the value and future of Bitcoin.
We can see that over time and if positive things continue to happen then of course many people will think that bitcoin is a good choice for investment.
Currently there are many issues rocking Bitcoin, but this cannot be separated from the support and many people are getting to know Bitcoin, I have known Bitcoin for a long time, I think there is nothing to hesitate about investing, the risks and possible benefits are really worth it.
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August 15, 2023, 02:15:55 PM
 #122

Bitcoin investment is the best option than other investments because Bitcoin investment is less risky. Cryptocurrency investment can make people rich easily, especially Bitcoin investment, so its popularity is increasing day by day. Since Bitcoin is a virtual currency, we should remember that there are risks as well as profits.  Yes, so you can invest in different platforms without relying completely on Bitcoin investment. Basically no bitcoin for those who are skeptical of bitcoin investment and don't like to invest in bitcoin.Those who have more money have different opportunities for investment, that is, they can invest in other platforms as well as Bitcoin investment if they want.

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August 15, 2023, 06:21:55 PM
 #123

Bitcoin has certainly captured the attention of many people as a potential way to build wealth, especially due to past success stories. throughout my life… But I have the mindset of not just investing there. That is why I want to emphasize the importance of promoting financial education and diversification of investments, for me the latter allows reducing risks by distributing capital in different types of assets, which can help protect against the volatility of any market in particular. I must say that I also agree that it is essential to teach the younger generation about a variety of investment options, including Bitcoin, but also other opportunities such as real estate, traditional businesses and other tangible assets… There is some degree of security, at least from me in an investment that I can see directly, but in the same way Bitcoin is not a secondary investment for me, as I said "I have it among my best investments"..
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August 15, 2023, 07:55:35 PM
 #124

In other side, people would think Bitcoin is not the best option to invest because high reward comes with high risk as well especially if your emotions and mental are not strong enough to endure the price crashing anytime and it could take more than few months to recover. But, for us we would think Bitcoin is the best one because you can just simply buy and hold for few years and come back to see the reward.

People would say the investments are best for them because they know what to do and what to expect from that particular investment, same as stock trading. It depends on that person.

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August 15, 2023, 08:32:02 PM
 #125

Bitcoin is a very good asset and while people like to invest in bitcoin is because  its a decentralized currency, and secondly bitcoin investment you have the chance of making good profits in cryptocurrency investment, what I want you to understand is that investment opportunities is of different kind and we have series of investment in which you can invest on, so therefore bitcoin I believe that bitcoin investment should be one lucrative investment currently but it doesn't necessarily mean that its best option for investment, people who invest in bitcoin are doing so because of the value they find in bitcoin and that is while they invest in bitcoin fully,  and whosoever that invest in bitcoin always love to invest more and people who are myopic over bitcoin investment will continue carry on with their scandals. So in summary bitcoin is an asset.

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August 15, 2023, 08:48:46 PM
 #126

In other side, people would think Bitcoin is not the best option to invest because high reward comes with high risk as well especially if your emotions and mental are not strong enough to endure the price crashing anytime and it could take more than few months to recover. But, for us we would think Bitcoin is the best one because you can just simply buy and hold for few years and come back to see the reward.

People would say the investments are best for them because they know what to do and what to expect from that particular investment, same as stock trading. It depends on that person.
We have to realise that every choice depends on the person making the choice, so whether it is good or not, they have their own thoughts and opinions that they feel strongly about.
I personally don't really care about that because at the end of the day, all the decisions I make are a result of what I've seen and felt over the few years I've been in this world.

For the risk issue, it is one of the risks that we must be aware that all the behaviours we do will ultimately not be free from risk, so I think the risk we have when we are in bitcoin is proportional to what we get.
I don't really care about other people's judgements whether saying bitcoin is good or right because in my opinion it would be nice if I focus on the choices I make and when I decide to jump into bitcoin then I must be prepared with all the consequences including the risks that I consider as a process and form of my journey in bitcoin.

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August 15, 2023, 09:19:31 PM
 #127

In other side, people would think Bitcoin is not the best option to invest because high reward comes with high risk as well especially if your emotions and mental are not strong enough to endure the price crashing anytime and it could take more than few months to recover. But, for us we would think Bitcoin is the best one because you can just simply buy and hold for few years and come back to see the reward.

People would say the investments are best for them because they know what to do and what to expect from that particular investment, same as stock trading. It depends on that person.
There are risks involved when investing in BTC, but even thinking this way, what other alternatives do people have if they don't invest in Bitcoin, then?

Someone with thousands or hundreds of thousands of dollars may have another profitable options to put their money in, but for the average investor who has only few hundreds of dollars I don't know any other viable investment, including low and high risk ones.

Nowadays there isn't any other investment with the same characteristics, advantages and potential profit Bitcoin can generate on long run. If you think carefully about it, you will see the risk isn't that high after all.

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August 15, 2023, 09:44:12 PM
 #128

Nowadays there isn't any other investment with the same characteristics, advantages and potential profit Bitcoin can generate on long run. If you think carefully about it, you will see the risk isn't that high after all.
If we compare Bitcoin to any other cryptocurrencies, we can tell that it is safer to invest. Even though the reward is low, the risk is also low. Unlike other cryptocurrencies, the reward are so high but also the risk. If I were to choose, I will choose the safer which is Bitcoin. However, there are best coins that is next to Bitcoin, there are also safer to invest with, the only concern with them is the volatility, meaning the risk is high. But if you're using only spot, just don't if the price is lower than your buying price to avoid losses.

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August 16, 2023, 03:38:57 AM
 #129

actually not always the best investment choice in my opinion, but depending on the situation and condition of that person. for me it is indeed the best investment considering I can buy it in stages, but if I have a lot of money of course the investment position will reverse, where I prefer real estate to invest, and a smaller portion invest in bitcoin, considering I need to think about a friendlier investment against risk to protect my assets, and this is mostly among the rich who do not choose bitcoin as the main investment tool

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August 16, 2023, 03:55:10 AM
 #130

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.

Is bitcoin best option to invest ?

Not the best, but one of the best. That purely depends on the terms the person have in his mind. If someone is about thinking a short term fortune, bitcoin may give him a disaster that could possibly lead to a monetary loss instead of a gain. Someone who wants to invest bitcoin should always have a long term plan, a sustainable plan backed up with financial stability so that bitcoin will not become an emergency fund. That could also lead to a loss. Investing in bitcoin may sounds easy, but it's actually not.
IMO, the best investment one could have is real estate. Someone who owns a property is most probably going to make a life long profit if he have enough knowledge in commercial spaces, otherwise he could just sell it in the next 5-10 years as the value of a property are appreciating, just like how bitcoin have gone so far, but bears lesser risk than bitcoin of course.
My investment plan is to buy a property as long as I can afford, if not I'll have bitcoin instead rather than my money being affected by massive inflation, it should land somewhere safe from it.

R


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Jegileman
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August 16, 2023, 10:29:09 AM
 #131

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.

I'm sure you're saying that because you don't know enough about Bitcoin. You do not consider Bitcoin to be the best location to invest. I'm a newbie and am still learning about bitcoins, but I believe Bitcoin will be the best investment that I can make that will give me a higher profit in the long run if I keep it for 3 to 5 years. You can't just invest in BTC for two weeks or three weeks and expect a profit because the price focuses exclusively and can fluctuate at any time. If you want to become wealthy with Bitcoin, you just need to be patient and invest for the long term. and you will reap the rewards.

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August 16, 2023, 10:59:22 AM
 #132

Theirs so many investment to invest but many people are seeing bitcoin as the highest place to invest their money
From the thousands of coins we have to choose from, I don't think I would say Bitcoin is the best crypto investment looking at what other coins return on investments over time, but if we talk about safer and top recognized crypto assets then no doubt Bitcoin is among the top coins to consider!

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.
Don't agree with you!

We are in the 21st century which is considered to be a digital age ,and setting up a business that exists online can actually make you some good money as it's more convenient  to your clients and as a large customer base that we can tap in...
AFAIK let's not limit ourselves to establishing a business in its physical form as business concepts have advanced, besides to succeed in business we need to do things differently not what everyone is doing!

R


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Blitzboy
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August 16, 2023, 11:00:27 AM
 #133

Bitcoin has certainly captured the attention of many people as a potential way to build wealth, especially due to past success stories. throughout my life… But I have the mindset of not just investing there. That is why I want to emphasize the importance of promoting financial education and diversification of investments, for me the latter allows reducing risks by distributing capital in different types of assets, which can help protect against the volatility of any market in particular. I must say that I also agree that it is essential to teach the younger generation about a variety of investment options, including Bitcoin, but also other opportunities such as real estate, traditional businesses and other tangible assets… There is some degree of security, at least from me in an investment that I can see directly, but in the same way Bitcoin is not a secondary investment for me, as I said "I have it among my best investments"..
Bitcoin is the future of money, not just an asset! I agree with your emphasis on money education and distribution. But talking about how Bitcoin is transforming the world is just as vital. Blockchain technology makes it a decentralized, global currency with unprecedented security.

Property and other traditional assets? Definitely have a place. Bitcoin and other currency are challenging the definition of "wealth." To be honest, real estate and other tangibles make it appear less essential.

Understanding how blockchain and cryptocurrencies are altering things is extremely crucial for younger people. It leads variety, not just steps. And those who don't listen will be forgotten in money.

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August 16, 2023, 11:10:18 AM
 #134

There are many types of investment, of which I only know Property/real estate, Gold and other
precious metals and gems, stocks and bonds.

Personally I'm not interested in anything other than Bitcoin, I'm all in on Bitcoin and thats
the way it going to be going forward.

I will die owning Bitcoin!

Yes there are profits to be made in all those other sectors I mentioned above but they will not
yield the same returns that Bitcoin will - why?

Where else can you store your wealth without it melting, evaporating or being chipped away at
by third parties?

What other asset can you have which doesnt require anyone else to manage it for you?

What other asset is as secure as the Bitcoin network and again not have a third party involved?

You see Bitcoin isnt just about 'returns' its about:
Security
Truly limited supply
Transportability
Borderless
Deflationary
Self custodial

and at the same time as more people discover what it offers its value increases, nothing
else offers this!

There is one public example of a person who is all in on Bitcoin and who has enlightened
many others about the merits of Bitcoin....

Michael saylor

If you need any convincing on top of my post check him out!


It's your confidence for me. Though I have an awkward feeling that you're just saying it to strengthen our faith.

However, it's been a painful journey for me. I had such high hopes for Bitcoin as the best investment plan. I put my heart and soul into it, only to watch my hard-earned fortune slip away. The volatility and unpredictability shattered my dreams, leaving me with heavy losses and a sense of regret. I wish I had known better before diving in.

Thank you for your understanding. I'm trying to piece things together and move forward, but it's been quite a rough ride. I hope others can learn from my experience and make more informed decisions.
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August 16, 2023, 11:51:34 AM
 #135

It all depends on what your goal is, if you gonna hold for years I would say yes BTC is best.
But if you want to make quick short money, it's many other good cryptocurrencies also. One I think is very good is Solana that go up slow but stable all the time right now.

- BabyBandit -

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August 16, 2023, 11:52:14 AM
 #136

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.
Bitcoin can be the right investment for some people and it can also not be the right investment for some people,  I think Bitcoin being a right investment depends on individuals who really understand that in bitcoin they can make a better investment.  One who doesn't understand how to make a better investment from bitcoin can achieve a good investment from bitcoin.

 For those who understand that bitcoin investment can only be profitable if it is a long-term investment by hodling Bitcoin can make a good investment from bitcoin,  but one who has a mentality of just making profit quick from bitcoin can never see it to be a better Investment.

R


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August 16, 2023, 01:48:27 PM
 #137

It all depends on what your goal is, if you gonna hold for years I would say yes BTC is best.
But if you want to make quick short money, it's many other good cryptocurrencies also. One I think is very good is Solana that go up slow but stable all the time right now.

- BabyBandit -

We are just comparing bitcoin to non-crypto assets and see which is the best option. But to compare altcoin to bitcoin, it is a lame comparison as there is no altcoin that can compare to bitcoin. Even the altcoin market is a place for us to gamble rather than invest because its risks are no different from gambling. Solana's future, I don't think is very bright, I suggest you stay away from it and just focus on bitcoin. Not just Solana, stay away from all altcoins if you don't want to take risks.

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August 16, 2023, 03:18:16 PM
 #138

For those who understand that bitcoin investment can only be profitable if it is a long-term investment by hodling Bitcoin can make a good investment from bitcoin,  but one who has a mentality of just making profit quick from bitcoin can never see it to be a better Investment.

You can trade Bitcoin and make profits, you can also hold Bitcoin and make profits, Bitcoin doesn't only have one way of making profits from investing in it. Both holding and trading are all means to invest in Bitcoin therefore you have to choose which one works for you.

If you have a good experience with trading and you can make profits without losing, you can go into only trading and if you do if well you can make good amount of profits. The only issue with trading is that it puts you at risk of losing your investment if you do it wrongly.

Bitcoin is the best option for investment because it has the best opportunity to make money as it's among the best new innovation in the world and it haa proven in the past to give its investors nice profits than other investment and it also has the better chance of repeating.

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August 16, 2023, 03:41:08 PM
 #139

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.
Bitcoin can be the right investment for some people and it can also not be the right investment for some people,  I think Bitcoin being a right investment depends on individuals who really understand that in bitcoin they can make a better investment.  One who doesn't understand how to make a better investment from bitcoin can achieve a good investment from bitcoin.

 For those who understand that bitcoin investment can only be profitable if it is a long-term investment by hodling Bitcoin can make a good investment from bitcoin,  but one who has a mentality of just making profit quick from bitcoin can never see it to be a better Investment.
So it is very important for individuals to study and understand Bitcoin before jumping in and also recognize the risks that will be faced, investing in Bitcoin will generate profits if you have patience and strong belief in doing so, especially for the long term. And only long term can give you good returns from Bitcoin because Bitcoin is the future most likely in the future Bitcoin will be very expensive and also has many benefits.
so during a long-term Bitcoin investment, never be afraid of experiencing losses and learn about the function of Bitcoin as a whole and this keeps people or investors coming from time to time who will continue to grow and are also popular. And the long term goal of investing in Bitcoin is to avoid panicking when the price drops because eventually the price will rise again, even exceeding the previous high.

.
SPIN

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Litzki1990
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August 16, 2023, 03:43:36 PM
 #140

Nowadays there isn't any other investment with the same characteristics, advantages and potential profit Bitcoin can generate on long run. If you think carefully about it, you will see the risk isn't that high after all.
If we compare Bitcoin to any other cryptocurrencies, we can tell that it is safer to invest. Even though the reward is low, the risk is also low. Unlike other cryptocurrencies, the reward are so high but also the risk. If I were to choose, I will choose the safer which is Bitcoin. However, there are best coins that is next to Bitcoin, there are also safer to invest with, the only concern with them is the volatility, meaning the risk is high. But if you're using only spot, just don't if the price is lower than your buying price to avoid losses.
No physical investment platform can ever compare to a crypto investment platform. Bitcoin will always be one of the best coins to invest in when comparing crypto currency investments. Investment is for those who have enough money, how can a person invest if he has no money. Many times such news is published that many people are investing by selling their necessary goods or land. Never sell your stuff and invest in a platform, especially a crypto platform. Investing in Bitcoin can never be compared to physical investment. If bitcoin is compared to any crypto currency then no doubt bitcoin will be the best choice for everyone to invest so if you have to compare then compare bitcoin with other digital coins hope you always choose bitcoin to invest.

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