What Inspired Me To Invest In Bitcoin.

[GreatArkansas]

(....)
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.

Among the list, these are my most personal reasons. Since I am into technology guy, I am really amazed at how Bitcoin was built and how Bitcoin really works, it's kinda of a perfect solution for our current problems in financial or the way we send money or make payments.
The way how Bitcoin solve the current traditional financial system we have is already a big win for Bitcoin.

[kingvirtus09]

Personally, what motivated me to invest in Bitcoin was what I saw and noticed: as time passed, its price value really increased every time there was a bull run, and I witnessed it twice, to be honest. It's just that at that time, my understanding of Bitcoin was not yet extensive.

When Bitcoin first launched in the year 2017, I only saw that Bitcoin was increasing little by little because I didn't know much at the time and didn't have any plans to buy it. I was just like that at that time. But now, even early this year (2023), I have started to really save little by little and other altcoins as well.

[Inwestour]

Indeed, we prioritize the profit. But do you think it should be the main priority over privacy? Of course, the main purpose of Bitcoin was to help people get rid of the banks and the government's slavery. But we mix it up, and we use banks with bitcoin and give them all our personal data, which they use against us. The government wants it's share from people trading earnings. The government has no role in a freelancer's life yet wants the commission from their earnings. So, the priority varies from one person to another person. Some people extremely care about their privacy. They barely care about profit.

Governments will always seek control, this will especially apply to Bitcoin due to its decentralized nature. Of course, they will try to convince that banks are the best place to store bitcoins, thereby taking control of it.

Those who do not care about confidentiality will not be able to understand his essence, perhaps they will not even be interested in Bitcoin, and those who understand everything will keep the keys and make sure that their Bitcoins never get into the bank, or any other platform that will promise reliable safety, or big profits. Our financial system may change in the near future, governments are now actively testing CBDCs and will implement them, I think then Bitcoin can be very useful to us.

[tjtonmoy]

1. Bitcoin is an asset

Bitcoin was originally created for online peer-to-peer transactions. It is a payment method. It cuts out the middleman and lets you do the transaction in a decentralized fashion. Bitcoin is also an asset. It is also someone's retirement plan. To some, it is the next world currency. Bitcoin is not only just an asset, it has the potential to become many things.

3. Transaction is fast

It could differ from time to time. If the traffic is high or you could say the mempool is full, it will take a higher fee for fast transactions. If you want speed, you need to spend more. If you want less fee, then it will be slower.

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.

Past performance does not indicate future progression. It seems like the past is influencing the market and the market is running in the same manner, but in reality, it's all about our sentiments towards the market. We try to match the past to the present in order to predict the future. It's all in our hands, Bitcoin being decentralized proves that.

[Marvell1]

Of course, financially, bitcoin gives us freedom from government control but I don't think that's the top priority. I think its profit is what we prioritize and care about more,  then privacy.

Indeed, we prioritize the profit. But do you think it should be the main priority over privacy? Of course, the main purpose of Bitcoin was to help people get rid of the banks and the government's slavery. But we mix it up, and we use banks with bitcoin and give them all our personal data, which they use against us. The government wants it's share from people trading earnings. The government has no role in a freelancer's life yet wants the commission from their earnings. So, the priority varies from one person to another person. Some people extremely care about their privacy. They barely care about profit.

Well, I'm not saying we should prioritize profits over privacy, but that's exactly what's happening. If people investing in bitcoin are prioritizing privacy over profits or any utility then people should not use centralized exchanges or any centralized service to store bitcoins. But you see, the majority are still relying on centralized exchanges so what's wrong with me saying that people are prioritizing profits more? But you are right, not all, there are still some people who really understand the importance of privacy and they are valuing it more than a lot of other things.

[Dimitri94]

One of the things I value in investing in Bitcoin is looking at its volatility. Its high volatility has attracted me quite a bit. If I can multiply my assets by investing in short term then it is definitely profitable for me. However, investing in Bitcoin should not make such predictions. Because no one can tell when Bitcoin will go higher. However, there is a big gap between the previous price and the current price of Bitcoin and its price will increase further in the coming days. Those with relatively poor financial status can definitely benefit financially from Bitcoin if they can hold the investment in Bitcoin for a long period of time. That inspired me the most.

[m2017]

Here are some tips on why I invested in Bitcoin.
~snip

By chance, have you missed the main reason that prompted you to invest in bitcoin? Namely, it’s easy and quick to make money when you see how rapidly the price of a bitcoin is rising. Although wait, in December 2022, when your account was created, bitcoin was not experiencing the best of times. Then BTC cost ~$17k, but already from the beginning of 2023 you could see the growth of the bitcoin, which could be really intriguing, right?

When people talk about what exactly interested them in the bitcoin, it seems to me that they are being slightly disingenuous, keeping silent about such a point. In my opinion, the first thing that attracts most people in the bitcoin is precisely the insane rise in price and the opportunity to easily make money without making any effort: just buy, wait and sell with a profit. Another thing is that in reality, it doesn't work out as easily and as quickly. But all the other features of the bitcoin that you described begin to interest people much later, as they immerse themselves in the environment of the bitcoin and the BTC-community. If, of course, the investor has a penchant for knowledge, and doesn't experience only greed.

[Lorence.xD]

Of course, financially, bitcoin gives us freedom from government control but I don't think that's the top priority. I think its profit is what we prioritize and care about more,  then privacy.

Indeed, we prioritize the profit. But do you think it should be the main priority over privacy? Of course, the main purpose of Bitcoin was to help people get rid of the banks and the government's slavery. But we mix it up, and we use banks with bitcoin and give them all our personal data, which they use against us. The government wants it's share from people trading earnings. The government has no role in a freelancer's life yet wants the commission from their earnings. So, the priority varies from one person to another person. Some people extremely care about their privacy. They barely care about profit.

Well, I'm not saying we should prioritize profits over privacy, but that's exactly what's happening. If people investing in bitcoin are prioritizing privacy over profits or any utility then people should not use centralized exchanges or any centralized service to store bitcoins. But you see, the majority are still relying on centralized exchanges so what's wrong with me saying that people are prioritizing profits more? But you are right, not all, there are still some people who really understand the importance of privacy and they are valuing it more than a lot of other things.

There's literally a lot of people that would prioritize their privacy over profits. Just imagine this, especially to the newbies in the crypto industry that would live to invest or trade in Bitcoin. Yeah you might already have the knowledge before entering the market but that's one step to prioritize profits and privacy, to trust decentralized system risked their funds cause they would like to earn profits. Thing is we could agree that some centralized exchanges are more secured and not prone to hackers and scam, the only thing that would lose trust of the customers are the exchanges itself. Cause people would focus on profits to avoid the transactions fees to that exchanges over their security.

[Sophokles]

One of the things I value in investing in Bitcoin is looking at its volatility. Its high volatility has attracted me quite a bit. If I can multiply my assets by investing in short term then it is definitely profitable for me.

You are liking this volatility because it's historical data shows a massive bullish trend formed up.

There's literally a lot of people that would prioritize their privacy over profits.

Some people might have prioritized their privacy over profit, but the number is quite low. Some People will share their KYC data with any platform if they are certain about profit. Most humans are greedy by nature. Thats why millions of pieces of customer data are floating around the internet leaked through poorly managed websites. If your private key is safe your bitcoin will remain untouchable if you don't connect your wallet with any third-party website.

[shivansps]

Firstly, to deal with Bitcoin you need to have money. That is, there is a large group of people for whom this product is not available due to its great value.
You also wrote that with Bitcoin you can start small and end up with something big. But it is worth noting that this is due to the price at which you bought Bitcoin. If you bought it for $60,000 and are sitting with this asset today, then you only have hope and a high probability that it will grow in the future, and today there is a big loss of money
It is worth noting, of course, that Bitcoin is dominant today and with the right investment you can really get rich

[AakZaki]

~snip~

It is quite difficult if Bitcoin should become an official currency today. Its purpose is clear, but its implementation and government regulations do not allow it.
Each country has the right to give its own regulations regarding the use of bitcoin.
Bitcoin is currently more commonly used as a speculative asset only. Utilizing the high volatility that exists in bitcoin for profit.

[uneng]

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.

Profitability potential.

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.

Decentralization.

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.

Real time transactions without frontiers.

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.

Dominant among all cryptocurrencies inside the market.

Briefly, these are the factors which motivated you into Bitcoin investment, and they are really good ones. By reaching that conclusion, I can say you observed crypto market closely, paying attention to practical and benefical features of Bitcoin, instead of wasting time with shitcoins and their promoters who only seek for luring greedy investors into their schemes, in search of overnight enrichment. Keep focusing your attention, investments and effort in Bitcoin and it must guarantee you good results in some years.

[Franctoshi]

Looking at the rate of inflation that is hitting various countries' economies and their local fiat currency on a steady decline that alone is enough to think of investment into Bitcoin and to hedge against inflation. Secondly, the freedom that comes with owning Bitcoin is the greatest thing that has happened to our generation and it is worthwhile taking such an investment opportunity.

[Marvell1]

There's literally a lot of people that would prioritize their privacy over profits.

Some people might have prioritized their privacy over profit, but the number is quite low. Some People will share their KYC data with any platform if they are certain about profit. Most humans are greedy by nature. Thats why millions of pieces of customer data are floating around the internet leaked through poorly managed websites. If your private key is safe your bitcoin will remain untouchable if you don't connect your wallet with any third-party website.

I'm not saying that everyone prioritizes profits over privacy, but we shouldn't deny the fact that those who prioritize privacy in the market are a fairly modest number. People need profit, need convenience more than privacy, that's what's happening in the market. And that's also why many people are disappointed that today's bitcoin investors are making bitcoin more centralized because they rely so much on centralized exchanges. It is really difficult to change this because money is considered so important and indispensable in today's society.

[kingvirtus09]

The reason why Bitcoin is really good is because it is decentralized, 100% secured, and its privacy is 100% anonymous. What's even more interesting here is that you can use it to send money to other countries depending on the exchange you use and depending on the country you're sending to, and I've tried it anyway.

Apart from that, it is the safest long-term investment. If the rich people buy it for the long term, I am just an ordinary person, so of course I will also try to save it by doing DCA, right?

[Fivestar4everMVP]

The fact actually is that, we all have our individual and basic reasons why we individually have chosen to invest in bitcoin, but the most general reason is for the fact that with Bitcoin, supposed profits can be actualized or gained in the shortest period of time compared to other traditional assets like gold, stocks, shares etc.

Investing in bitcoin is also easier and open to any one no matter thier financial status in the society, it's not like buying shares from some company where they would require you to filled out several documents, performs various degrees of kyc and so on, and also have to go through almost the same process, and pay heavy taxes to the government upon selling those shares and withdrawing the money and profit.

Bitcoin is available and accessible to both the poor and the rich, it is an asset for anyone and everyone, bitcoin doesn't discriminate, and neither does it know gender or locality.

[TakeItEasy]

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.
 

Profit always comes when you are confident about your investment, when you have invested in a coin that has also gained so much potential,
how could it not be better for someone?
Also, trading requires certain skills, which puts a person into the profit areas, if he studied projects well and he analyzed them quite nicely. Then it would be very beneficial for the trader. Bitcoin is a great choice for investing. Whether someone is going to take it as a long-term investment.
And now it has crossed $28k, which is quite amazing for the traders, and thus it is a positive sight of investment for the traders, who love bitcoin the most.

[Mttewndew]

Interesting perspective on Bitcoin as an asset. It's definitely shaking up the traditional financial scene.

[Smack That Ace]

The reason why Bitcoin is really good is because it is decentralized, 100% secured, and its privacy is 100% anonymous. What's even more interesting here is that you can use it to send money to other countries depending on the exchange you use and depending on the country you're sending to, and I've tried it anyway.

Apart from that, it is the safest long-term investment. If the rich people buy it for the long term, I am just an ordinary person, so of course I will also try to save it by doing DCA, right?

How decentralized, secure and private will Bitcoin be when you use an exchange to transfer money across borders? Why don't you use a non-custodial wallet to store and transfer your bitcoins easily? We don't necessarily need to use exchanges to transfer bitcoin across borders.

If you only compare bitcoin to altcoins then that is true but if you compare it to traditional investments then you are blatantly biasing bitcoin. Talking about safety, bitcoin cannot surpass gold or real estate, bitcoin is still riskier. That's why we always say that we should only invest in bitcoin what we can afford to lose.

[Learn Bitcoin]

Governments will always seek control, this will especially apply to Bitcoin due to its decentralized nature. Of course, they will try to convince that banks are the best place to store bitcoins, thereby taking control of it.

This is going to be Bitcoiner's 2nd mistake. The first mistake they made was trusting exchanges with their Bitcoin. Bitcoiners are supposed to use exchanges to exchange the coins, and their balance is supposed to remain after the end of the transaction. People started using exchanges as wallets and kept their BTC there even after the end of the trades.

At first, the exchanges weren't collecting users' private data. Slowly, they started asking for private information, and people didn't think twice because exchanges started offering bonuses for their KYC.

Now, if people start using banks for their crypto transactions widely (People already using banks), this is a success for them and a failure of Satoshi's goal.