What Inspired Me To Invest In Bitcoin.

[Hamza2424]

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.

Op, It's really amazing that Bitcoin-inspired you somehow but I think there is a misconception as I have seen a lot of debate on this topic that whether Bitcoin is a mode of payment or Bitcoin is an asset just like Gold. So my vote is that Bitcoin was primarily designed to be a mode of payment its own intrinsic value. The volatility in the market price of Bitcoin doesn't prove that Bitcoin is a good asset the dominant features/characteristics of Bitcoin (Fundamentals of Bitcoin) prove that Bitcoin is a reliable asset as well.

Op you need to give some time to learning the basics of Bitcoin and the market as this market and Bitcoin is not a money doubler it is an opportunity and you can utilize this opportunity only if you focus on learning by just getting hyped in any signal or development you really cant stand by in the market. Learn about the strategies of the Accumulation. I have a good topic on the accumulation of Bitcoin as you can have a look  Topic: Things to keep in mind before accumulation of Bitcoin.

For the rest to learn more you need to pick informative topics such as this topic created by the Ritmove;

Beginners & Help Encyclopedia. This encyclopedia currently contains 1064 topics with various guides, articles and links to various resources.

For the transaction speed, it's not factual that the Bitcoin network is fast at least for the low transaction fees spenders. For the rest, Bitcoin is an asset as a store of value as well whatever you want to give a name or idea for the Bitcoin utility according to the fundamentals you can.

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[Litzki1990]

During the period when I was not invested, the price of Bitcoin was at a very low level, but since then the price of Bitcoin has fluctuated a lot and the value of Bitcoin has increased a lot. Every year when I planned to invest in Bitcoin but for some reason my plan didn't work out but even though my plan didn't work out the price of Bitcoin was increasing by almost double every year. Seeing the value of Bitcoin rise so much motivates me to invest in Bitcoin. I was thinking at that time that if I can invest in Bitcoin then maybe after I invest Bitcoin the value of Bitcoin will double more and I can earn a lot of money. Basically, I started investing in Bitcoin with these thoughts in mind.

[Dzwaafu11]

For me, financial freedom inspires me to invest in Bitcoin.

 
Exactly, the first thing I heard about bitcoin was also the financial freedom it gives: I can spend my funds any day, anytime I want, and I will be able to get access to it, and that is what motivated me to start using bitcoin. And how decentralised it is that I can do my transactions without a third party (a middleman), which is very good to me. Later, I also realised that people buy bitcoin and hold it until the price rises more than they invested, then sell it and get profits.

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

Sure. Bitcoin transactions charge more than transferring fiat currency. There are also some mobile apps that even allow someone to make three transactions a day before starting to charge for fees, and other banks are there that don't charge when you want to send funds to someone who uses the same bank you are using to send money to them. However, local banks do have specific charges for any transaction you make. For example, when you transfer large amounts of money to someone, the charges will be the same as when you transact a small amount.

Unlike bitcoin, if you want to make your transaction faster, you will choose high transaction fees. But at local banks, once your network is stable, the money you send will be received ASAP without wasting your time. So I think when it comes to transaction speed, both bitcoin transactions and our local bank’s transactions are almost the same; we just have a little bit of a difference.

[Aikidoka]

What inspired me to invest in Bitcoin was its anonymity and the ability to make fast transactions worldwide within seconds. It was truly insane for me, especially in my country where sending money online to other countries was a hard task due to the lack of international Visa/Mastercards issued by most banks. Imagine we couldn't use paypal or any online banking sites till now. :/

Bitcoin became my only viable option, and as I get deeper into it, I realized it offered advantages far beyond using local currencies. It felt like a path to financial freedom where no one could exert control over your funds and you had the flexibility to use your earnings as much as you like.

I have many reasons for getting into Bitcoin but the one I've explained is one of the important reasons.

[EL MOHA]

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.

Definitely bitcoin is created to be use in a decentralized way where no middle man is needed but this has been subjective to how people use it now, there stuffs like ETF where shares are bought, centralized exchanges where where which acts as escrow during a transaction and lots more but this doesn’t in any case affect the sole aim of bitcoin been a total decentralized way, just that people have twerk it a bit to their satisfaction.

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.

Definitely the transaction is fast if you actual want it to be fast that’s you paying the actual required transaction fee, but the transaction can also be slow if the right rate isn’t payed, but when compared to fiat system mostly especially during international transactions then the fastest would be bitcoin if the accurate or right fee is payed.
My take on bitcoin transaction is that it cannot be reversed once it gets confirmed, this could be a disadvantage to a wrong transaction but definitely the best rather than seeing a transaction been faked as we see in the fiat currency. This irreversibility has given more protection to businesses owners, once more 6 confirmations is gotten nothing can reverse it, even a single confirmation can hardly get reversed

[Kelvinid]

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.

People are anticipating the possible huge change in the economic system which makes them decide to invest in Bitcoin could be one factor. But the main reason why most investors are coming to crypto is to make a profit from this considering that this is an investment opportunity. For now, it has never been considered a form of currency, instead as an investment that influences their mindset and encourages them to take risks.
There is a growing number of investors day by day and what makes these new investors it because they believe that investing in Bitcoin help them financially.

[AmoreJaz]

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.

People are anticipating the possible huge change in the economic system which makes them decide to invest in Bitcoin could be one factor. But the main reason why most investors are coming to crypto is to make a profit from this considering that this is an investment opportunity. For now, it has never been considered a form of currency, instead as an investment that influences their mindset and encourages them to take risks.
There is a growing number of investors day by day and what makes these new investors it because they believe that investing in Bitcoin help them financially.

let us admit the fact that volatility factor is still the major driving force for most investors or buyers in this market. the possibility of earning huge profit that they can possibly acquire is the main motivation of many, which for me is very understandable as we've seen how the price increased in the previous years.
and such possibility of further increase is still here because of the growing number of stakeholders, individual or group or companies, are still interested to stake on this market. thus, the probability of reaching new ATH is what people are looking forward to.

[livingfree]

3. Transaction is fast; bitcoin gives every user the luxury or pleasure of speed in transactions.

While I am not a hater of Bitcoin's speed as I love every single thing about it. There can be argument about how fast it is, there can be other cryptos that's faster than it.

But if we're going to compare it with traditional transfers that are being done by the banks, yes, it's faster and cheaper than them.

Hence, network hiccups are almost eliminated when transacting with bitcoin.

Network clogs are inevitable and it makes the fees higher but it's not as 2017's eoy when the fees were terribly high and transactions were slower.

[Blitzboy]

Bitcoin has grown and offers some independence from established financial systems. Investors value transaction speed and crypto domination.

Despite its autonomy, expansion, and transaction speed, its important to go slow. Although Bitcoin is stable, the crypto market is volatile. Investors in Bitcoin demonstrate market knowledge. Research market trends and start modest for new investors. To minimise disappointment and frustration, make informed selections. Investors in Bitcoin are daring, but with the appropriate understanding, they can profit.

[fruktik]

During the period when I was not invested, the price of Bitcoin was at a very low level, but since then the price of Bitcoin has fluctuated a lot and the value of Bitcoin has increased a lot. Every year when I planned to invest in Bitcoin but for some reason my plan didn't work out but even though my plan didn't work out the price of Bitcoin was increasing by almost double every year. Seeing the value of Bitcoin rise so much motivates me to invest in Bitcoin. I was thinking at that time that if I can invest in Bitcoin then maybe after I invest Bitcoin the value of Bitcoin will double more and I can earn a lot of money. Basically, I started investing in Bitcoin with these thoughts in mind.

Far-reaching plans. Are you sure that the price of Bitcoin increases every year? I haven't seen anything like this for several years. Maybe you should look more closely at the graph? It wouldn't hurt to avoid making mistakes and drawing premature conclusions.
How many people like you have already tried to make money by investing in this coin, but in the end they only lost quite a lot of capital. Don't you think that investing is an incredibly risky process that requires more detailed study? With your thoughts, I would not do this, but find something else.

[Queentoshi]

let us admit the fact that volatility factor is still the major driving force for most investors or buyers in this market. the possibility of earning huge profit that they can possibly acquire is the main motivation of many,

If we were going to be able to carry out a survey and then organize the results from the survey back into something like a pie chart, the biggest side of the pie will be people who have been inspired to start using bitcoins because of the profit they can make. another part of the pie will be people who are really using bitcoins for payment in business and have started using bitcoins of the swift nature and government free the transactions can be made, a small side of that pie will be people who have invested in bitcoins to hide their assets too.

[xSkylarx]

Most of the reason others are investing in Bitcoin is to make a profit. That is why they are investing in it and you are right that Bitcoin has already proven track record in history for making ATH. Comparing the price when it was lunch it is really far and right now halving is fast approaching and people are now accumulating some Bitcoins because after halving the price is making ATH which happened in the previous halving also.

There are still people who use it for transactions like sending and receiving payments because they know that they have full control over their money and no matter how big your transaction is the bank won't freeze it.

[michellee]

To make it easier. Investors like investing in Bitcoin because of the profits. That's what makes many people start investing in Bitcoin. Maybe only a few percent of people have reason to invest in Bitcoin, as stated by @OP, which is included in point 1.

The average person doesn't need a complicated reason before starting to invest in Bitcoin because they will ask how to profit from investing in Bitcoin. And the same goes if they want to invest in other things. They will be increasingly interested in investing more when they see the benefits.

That is also one of the reasons I invested in Bitcoin in the first place. By using various ways to invest in Bitcoin it has provided benefits for us and also for you. And maybe only a few get there for points number 2 to 4.

[bayu7adi]

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.

Its presence remains regulated in certain countries, but governments still struggle to control its circulation. Government regulations are also crucial to provide protection for new investors against fraud, as scammers continue to devise their own methods, using cryptocurrencies as a deceptive technique they employ.

As compensation, governments may consider imposing minor taxes on crypto users within their jurisdiction. Security measures and fraud prevention must continue to evolve to prevent further victims.

[retreat]

I bet that you are new to bitcoin because even though some of the points you say are true, bitcoin is actually not scalable over time, especially when network congestion occurs, it will take quite a long time to complete one transaction and require high fees.
But even so, I still stick to Bitcoin because it is a decentralized asset and has great potential to be adopted by many people in the future and I hope to profit from it.

[bitzizzix]

Most of the reason others are investing in Bitcoin is to make a profit. That is why they are investing in it and you are right that Bitcoin has already proven track record in history for making ATH. Comparing the price when it was lunch it is really far and right now halving is fast approaching and people are now accumulating some Bitcoins because after halving the price is making ATH which happened in the previous halving also.

There are still people who use it for transactions like sending and receiving payments because they know that they have full control over their money and no matter how big your transaction is the bank won't freeze it.

And every person or investor involved with Bitcoin definitely has the main goal of making a profit because they see Bitcoin's very promising track record, and halving is their long wait to get bigger profits.
And we are getting closer to the next halving and we should not miss this opportunity to collect more bitcoins as early as possible, and make regular purchases before the price jumps too far. Bitcoin is freedom because we ourselves have full control in managing it so we have to treat it wisely.

[Fiatless]

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.

Some people will argue that the volatile nature of Bitcoin is one of its biggest challenges. They believe that bitcoin adoption will spread faster if the price is more stable. Bitcoin will used more as a currency if it becomes less volatile.  But to a trader or investor, the price volatility is the biggest attraction to bitcoin.

 
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.

Real estate investment is for the super-rich. Buying lands or houses is capital intensive, so not everyone will have the privilege or financial power to invest in the real estate sector. But with just a little savings anyone can invest in Bitcoin. They don't need to buy one bitcoin to be an investor, buying a few sats is enough. The profit from investing a small amount might not be big but it is a source of income.

[Learn Bitcoin]

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.

If you talk about the side chain of Bitcoin, which is the lightning network, yes, it is fast enough. But if we talk about the main chain of Bitcoin, it's still slow compared to many other payment methods. The usual block time is around ten minutes. Sometimes, we see several blocks in ten minutes, but the opposite happens too. I have seen block delays of thirty-five minutes, which is too long.

If you consider this, I'm afraid I have to disagree that Bitcoin transaction is fast. Sometimes, network congestion happens in the Bitcoin network as well. The slow transaction is not compatible with business transactions which is why most shops you see use lightning network.

[Salahmu]

I still stick to Bitcoin because it is a decentralized asset and has great potential to be adopted by many people in the future and I hope to profit from it.

Coming into Bitcoin is one of the best decision I have made considering how economic recession can be at times  were as you are not sure or certain of what will become the economic condition of the country so I have look for other alternative that I could channel my investment with a believe of making a good profit in the future so the only alternative that came to my mind is Bitcoin so I channels all my investment on Bitcoin because I have a strong believe on Bitcoin and even if I'm ask to choose investment, Bitcoin will always remain my first choice of investment I no is not a get rich quick scheme but my goal is to hold for a long time and with the potential of Bitcoin in the future I will smile while watching my investment.

[fuguebtc]

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.

Yes, there are many reasons and advantages of bitcoin that make us invest in bitcoin, but the biggest reason and top concern is profit, we have great interest in bitcoin because it can bring money for us. If bitcoin had all those advantages but if it was not volatile and not profitable, I believe you, me and many others would not be inspired to join and support the bitcoin revolution. Nowadays, when mentioning bitcoin, people will immediately think of investing to make a profit, not many people will mention its decentralized nature.