What Inspired Me To Invest In Bitcoin.

[Vicson1]

People are inspired by different things all over the world. Some are inspired by cultures, nature's beauty, situations, individuals, etc.  if the feeling to do something isn't gotten correctly, the expected results may not be gotten, hence leaving such a person in disappointment and frustration.
Here are some tips on why I invested in Bitcoin.

1. Bitcoin is an asset: Bitcoin is an asset because it can grow from the point of purchase, especially when taken advantage of markets that are falling in orife or have fallen in price to purchase as well as rise in price to sell. With Bitcoin, you can start small and grow big.

2. Investors like bitcoin because it's different from the traditional financial system that's controlled and regulated by the government of such a country. With bitcoin and crypto in general, transactions are outside the control of anyone, entity, organization, or person.

3. Transaction is fast; bitcoin gives every user the luxury or pleasure of speed in transactions. Hence, network hiccups are almost eliminated when transacting with bitcoin.

4. In the crypto world, bitcoin is the most dominant with a proven track record of growth, stability, and security, and it boasts of high liquidity compared to other cryptocurrencies.

Bitcoin is revolutionizing the financial market, making it the economy of the future you too can take a bold step to invest in Bitcoin if you haven't invested.

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[Lorence.xD]

Well almost everything you said is true like Bitcoin is an asset that has a good potential especially in the long term. And the fact that you could control your own assets as if it will rely on your hands for your every call in the market. But let's not sugar coat and be biased in Bitcoin, it's actually convenient as you could transfer and do transaction worldwide by just having the internet via Bitcoin. But some transactions can also be slow or having traffic due to many people are having a transaction at the same, which could be bad thing if you're converting funds into fiat in case of emergency. And also don't forget it's volatility that also involve risk if people are not aware from it, which I don't blame Bitcoin but the user already.

[Odohu]

People are inspired by different things all over the world. Some are inspired by cultures, nature's beauty, situations, individuals, etc.  if the feeling to do something isn't gotten correctly, the expected results may not be gotten, hence leaving such a person in disappointment and frustration.
Here are some tips on why I invested in Bitcoin.

1. Bitcoin is an asset: Bitcoin is an asset because it can grow from the point of purchase, especially when taken advantage of markets that are falling in orife or have fallen in price to purchase as well as rise in price to sell. With Bitcoin, you can start small and grow big.

I feel this is the most important reason that make people to invest and hold Bitcoin. They believe that holding it can lead to increase in value and a corresponding profits. So far, Bitcoin have not failed those who have this belief and confidence.

Every other reason for investing will just add to the viability of Bitcoin and constitute speculation. Someone can buy Bitcoin to use for payment due to the accessibility,  speed and comfort that it offers... this does not qualify as investment. What I see as investment is buying with the target of making profits.
 

[GiftedMAN]

3. Transaction is fast; bitcoin gives every user the luxury or pleasure of speed in transactions. Hence, network hiccups are almost eliminated when transacting with bitcoin.

I agree with you on this, bitcoin network transaction is very fast and you can make bitcoin transaction anywhere,anytime, anyday with ease and at the comfort of where ever you find yourself without being restricted or redirected by any one on what to do unlike fiat transaction where you sometimes find it difficult to have access to your funds and to make transactions due to poor network connectios, fear of attacks as a result of informations being licked by some bank officials, delays in remitting cash due to crowd when it comes to physical transactions and much more.

[mk4]

1. Something being an "asset" doesn't automatically mean it can grow.

2. Bitcoin is also being regulated by governments. It's just that people can use it regardless what the regulation is.

3. Unless you're talking about lightning and other L2s, bitcoin isn't really 'that' fast. Just a lot less annoying than using traditional methods especially for bigger amounts.

4. Past performance is not indicative of future results.

[MAAManda]

3. Transaction is fast; bitcoin gives every user the luxury or pleasure of speed in transactions. Hence, network hiccups are almost eliminated when transacting with bitcoin.

Image Source: Medium (Pontem Network)

I don't agree with you, because there are lots of altcoins that have a higher TPS than Bitcoin Network, you can see it in the image above (don't focus on Terra because that project is already broken, LOL). But why do I, people on this forum or Bitcoin Maxi still choose Bitcoin over those altcoins? that's because Bitcoin has been tested, even though the network tends to be slow, but don't talk about security and decentralization in Bitcoin.

[Nwada001]

3. Transaction is fast; bitcoin gives every user the luxury or pleasure of speed in transactions. Hence, network hiccups are almost eliminated when transacting with bitcoin.

I agree with you on this, bitcoin network transaction is very fast and you can make bitcoin transaction anywhere,anytime, anyday with ease and at the comfort of where ever you find yourself without being restricted or redirected by any one on what to do unlike fiat transaction where you sometimes find it difficult to have access to your funds and to make transactions due to poor network connectios, fear of attacks as a result of informations being licked by some bank officials, delays in remitting cash due to crowd when it comes to physical transactions and much more.

No doubt Bitcon transactions are fast, and no doubt we can transact them whenever and wherever we want at any given time, but let's not forget the fact that how fast we want our transactions to be carried out and executed depends on how much fee we are willing to pay for the transaction to be completed. It also depends on how congested the network might appear to be at the very moment that you choose to transact.
 
On the aspect of no limitation, no one might be able to stop you from completing your transaction, but power supply might, and lack of access to the internet can also still go. If you don't have access to the internet, I don't see how possible it will be to broadcast your transaction on the blockchain.
 
Please don't get me wrong. I'm not against the fact that Bitcoin transactions are not fast or not; I'm just trying to point out things that can also affect the speed limit of your transaction.
 
Above all, bitcoin offers us a lot more benefits than any fiat or other currency can, as it has already proven over the past years, which has led to its rising popularity and adoption by many as their choice of investor and reserve option to be considered.

[Gozie51]

3. Transaction is fast; bitcoin gives every user the luxury or pleasure of speed in transactions. Hence, network hiccups are almost eliminated when transacting with bitcoin.

I agree with you on this, bitcoin network transaction is very fast and you can make bitcoin transaction anywhere,anytime, anyday with ease and at the comfort of where ever you find yourself without being restricted or redirected by any one on what to do unlike fiat transaction where you sometimes find it difficult to have access to your funds and to make transactions due to poor network connectios, fear of attacks as a result of informations being licked by some bank officials, delays in remitting cash due to crowd when it comes to physical transactions and much more.

But talking about the ease of transaction, I think fiat currency also is not left behind if you want to cut of the third party handling by not going to the bank or using your ATM machine, POS through your debit card,. You can have such ease also by staying in your closet and making use of your bank mobile app. Of course all banks have one form of mobile banking where you use your bank app for your transaction and this doesn't give you any additional stress different from what you have when you want to access your crypto wallet from your noncustodial wallet, exchange wallet or casino wallet. All it entails is login with your username, email address or phone number depending on what was used to register just like your bitcoin wallet and you are good.

In fact regards to fees, mobile banking fees are lesser than transacting with bitcoin. Sometimes to use mobile app depending on the size of fiat you want to transact, you may be charged maximum of $0.1 but to have a fast transaction using usdt, you are parting with $1.

However, bitcoin eliminates the third party control from the government but that is gradually going off through the exchange regulations.

[ZAINmalik75]

if the feeling to do something isn't gotten correctly, the expected results may not be gotten, hence leaving such a person in disappointment and frustration.

You said a lot in a few words, because most of the time, people come to learn about this after big losses and disappointments, but I have also seen many people, even younger ones, come to learn about it at an early age. Even I realized this very late in my life. That positive vibe, with a proper plan in mind and knowing what to do and what not to do, is everything we should need before starting things.

Many people will not understand the weight of these words.

1. Bitcoin is an asset: Bitcoin is an asset because it can grow from the point of purchase, especially when taken advantage of markets that are falling in orife or have fallen in price to purchase as well as rise in price to sell. With Bitcoin, you can start small and grow big.

3. Transaction is fast; bitcoin gives every user the luxury or pleasure of speed in transactions. Hence, network hiccups are almost eliminated when transacting with bitcoin.

Most people invest in BTC due to its scarcity factor because they know that in the long run they are going to make profits, while if they keep the funds in fiat, they are going to make losses. People love free money; they know that by simply holding BTC for a longer period of time, they can make free money. I don't know why you chose TX as a fast option, because there are many other coins and tokens that are making way faster TXs.

[Onyeeze]

It's not new to people that bitcoin is not an asset, even someone who doesn't know bitcoin properly will tell you that bitcoin is an asset, when people talk about bitcoin some do think that with bitcoin investment they will make all the money they wanted but bitcoin is not what we will say it's something like life bencher, but the way our new people talk about bitcoin it looks like when you invest in bitcoin will surely make money instantly with it, but they don't know that bitcoin investment also have disadvantages and when the disadvantages arises many of you will dislike bitcoin investment

[BlackHatCoiner]

I've said this before, but investing in Bitcoin is more than just the long-term profit. It broadens your horizons on how money works. You wouldn't really think of how disastrous the current financial system is for the middle class if there wasn't such alternative. You'd have to accept the inefficiencies and the potential for natural human corruption because there wouldn't be an alternative for comparison. However, now that there is one, all it takes is individual adoption to drive a revolutionary change.

3. Unless you're talking about lightning and other L2s, bitcoin isn't really 'that' fast. Just a lot less annoying than using traditional methods especially for bigger amounts.

Until you transact with someone to whom you don't share the same bank. Just imagine the time (and cost) it'd take for signature campaign participants to get paid in fiat every week.

[Bananington]

I think you just wanted to post something.

Here are some tips on why I invested in Bitcoin.

More like reasons not tips.

3. Transaction is fast; bitcoin gives every user the luxury or pleasure of speed in transactions. Hence, network hiccups are almost eliminated when transacting with bitcoin.

With low fees, transactions will be delayed. People who use bitcoin for transactions but know little about how to check the transaction fee to make sure they broadcast a transaction with a good fee will one day have their transaction not processed on time.

[khiholangkang]

The things that inspire you are good about bitcoin, and yes we know that these are all the facilities we get from bitcoin, there's no harm in thinking like that, everyone can be inspired by anything to do something, including buying bitcoin.

For me, it's simple in terms of what inspired me to invest in bitcoin, the first is of course talking about value, bitcoin always gets a high increase in value in each cycle, and it has been proven that bitcoin has very good performance as a current investment asset, apart from me can keep my hard-earned money safely from work, I can also get capital gains during bullruns.

[mk4]

3. Unless you're talking about lightning and other L2s, bitcoin isn't really 'that' fast. Just a lot less annoying than using traditional methods especially for bigger amounts.

Until you transact with someone to whom you don't share the same bank. Just imagine the time (and cost) it'd take for signature campaign participants to get paid in fiat every week.

Exactly — hence why I said that bitcoin isn't necessarily "faster" with the sending speed, but specifically, far less annoying in general because of the obvious lack of AML/KYC and the lack of required intrusive information(as we have with banks).

[Fiatless]

You failed to mention the number one benefit of using Bitcoin which is privacy and decentralization. Bitcoin allows users to become pseudonymous. As a currency, Bitcoin assists users in bypassing all forms of financial restrictions placed by the government through the central bank.

4. In the crypto world, bitcoin is the most dominant with a proven track record of growth, stability, and security, and it boasts of high liquidity compared to other cryptocurrencies.

Bitcoin is the most reliable cryptocurrency to altcoins but the security of your coins depends more on you. That is why every Bitcoiner has to understand the basics of crypto security. The Bitcoin network might be safe but if you don't take necessary security precautions you might be a victim of wallet hack or phishing which will lead to loss of funds. We have been also advised not to keep money in centralized crypto firms.

[cafter]

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Another point is Bitcoin is cheaper to transfer then visa or mastercard and lightning networks fee are negligible compared to bitcoin and other payment processors.
Bitcoin is very secure then any other network. it cannot be hacked and manipulated.

[The Cryptovator]

For me, financial freedom inspires me to invest in Bitcoin. When I realised that holding Bitcoin means it's my own bank and I can spend it whenever I want, I started playing with Bitcoin. On the other hand, the decentralised module behind the financial freedom script Bitcoin volatility gives me another inspiration to get benefits from that. Bitcoin has become the most popular cryptocurrency because of its high volatility. Investors could get profits from the volatility. But as I said, financial freedom is more important for me. No one asks questions when I want to spend my funds, whereas banks ask questions when trying to withdraw a large amount.

[coolcoinz]

3. Unless you're talking about lightning and other L2s, bitcoin isn't really 'that' fast. Just a lot less annoying than using traditional methods especially for bigger amounts.

Not really. I'm sure you've tried to send money to someone during a bank holiday, the weekend, or something like that.
My bank processes transactions 4 times a day in what's called a session. I think it's something like 9 am, 11 am, 1 pm and 3 pm. If you send money past 3 pm you're not going to have it processed until 9 am the next day. Might look like nothing, but I have a job and one day I wanted to buy a car. The seller lived two hours by car from my house, so on that day I had to call in sick at work just to be able to drive there on a week day and be at his place before 3, to send him the money. Otherwise I'd have to go there twice, one time to see the car, wire money and get there the next day to pick it up, which would mean about 8 hours of driving only because I'm unable to send my money whenever I want. Bitcoin doesn't limit you like that.

4. Past performance is not indicative of future results.

Tell that to market analysts who draw charts every day by looking at past years.
I don't like it too, but the whole stock market is built on these principles.

[puloweh555]

Everything you say is true. But for me, one of the main reasons that inspired me to invest in Bitcoin because of the dramatic increase in Bitcoin's value was its scarcity. because we know there will only be 21 million Bitcoins, and that is a fact and cannot be changed at any time. This is very different from Gold, which is rare but we don't know how much it is because it continues to increase.

So, you can imagine if for example the entire supply of Bitcoin were to be given evenly to everyone on earth, then there would only be 0.0026 BTC for each person, this is just my rough calculation. If you have more than 0.0026 BTC, then you will have more than most people can afford and that should be enough to inspire you to buy Bitcoin. So maybe your minimum Bitcoin investment should be at least 0.003, if you can collect more Bitcoins it will make your future better than before.

[Faisal2202]

I feel this is the most important reason that make people to invest and hold Bitcoin. They believe that holding it can lead to increase in value and a corresponding profits. So far, Bitcoin have not failed those who have this belief and confidence.

Every other reason for investing will just add to the viability of Bitcoin and constitute speculation. Someone can buy Bitcoin to use for payment due to the accessibility,  speed and comfort that it offers... this does not qualify as investment. What I see as investment is buying with the target of making profits.

But some people wanted to save the erosion of their funds, which are in the form of fiat, so they tried to convert those funds (in fiat form) into another form (like gold), where the erosion due to inflation could be stopped. But many don't prefer to use gold as an alternative to fiat. due to a lot of reasons. One is that they don't want to convert all of their funds into a single form. They want to diversify it.

There are real estate and other forms, but they are not that efficient due to the lack of funds and the high taxation. There, BTC comes in handy. It does not have the issue of lesser funds, we can buy a single satoshi, and there is no huge taxation either. We can easily carry it with us, unlike gold.

This shows that not everyone is looking for profits while holding BTC, but they did make a profit, and what's bad about that?