What Inspired Me To Invest In Bitcoin.

[Ever-young]

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.

Bitcoin is good, the transaction is fast, and it’s also cheaper, but most times we also experience high increase in bitcoin transactions fee price which we can’t deny that fact, and local transfer for inter banking transactions are also cheaper most times compare to the 0.2-0.8$ bitcoin fee if converted to local currency.

The manipulation part is what I really know that it’s hard for such to happen as the network makes it hard for people to manipulate the figure or the transaction date and amount self, but when we talk about hacking, the developers are also trying to update the codes all the time and make sure that everything is in other which make things secured for the blockchain, I believe anything can be hacked, but bitcoin network just have a little chance for that to happen because it don’t have anything that hackers can use yet to hack it, but I don’t think it’s completely off the league.

[Gallar]

~Snip
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.

This reason is certainly one of the reasons that the majority of bitcoin investors currently have. Because currently bitcoin is more widely used as an investment asset than as a transaction tool. The reason is because as you explained, the point is about the size of the profits that can potentially be achieved. So you could say that the attraction of bitcoin for most people who want to invest in bitcoin today is about the potential for the money they invest in bitcoin to potentially grow to very large amounts.

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.

When talking about systems that run on Bitcoin, I personally also strongly agree with this reason. Because as we know, bitcoin is a decentralized cryptocurrency. This means that no party can regulate or manipulate the system within it. However, it's a different story when it comes to regulations regarding Bitcoin in a country. Because as far as I know, not all countries allow their people to own bitcoin. Therefore, in terms of government regulations in a country, Bitcoin investment still has regulations that must be obeyed by the public. So basically when it comes to the system running on Bitcoin, no one can regulate or manipulate it unilaterally. However, when it comes to bitcoin ownership regulations, you can be sure that everyone in a country will still own it.

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.

From my personal experience, the speed of transactions in bitcoin depends on the fees we give to miners for the bitcoin transactions that will be carried out. Because if, for example, the fees or rates are too cheap, usually transactions will run quite slowly because they are constantly piled up with other people's transactions with higher fees or rates. So if you say Bitcoin has very fast transactions, I also agree. However, it all still depends on the fees given to miners.

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.

This is certain and natural. Because Bitcoin is indeed the pioneer in the birth of crypto currency into this world. So you could say Bitcoin is the king of cryptocurrencies, the best, highest quality and safest cryptocurrency.

[xzy887]

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.

This alone is enough. Bitcoin is a trusted asset. Which is likely to be legalized in all countries in the future. I believe that Bitcoin will reach its peak one day. So those who stay away from holding these assets will regret it 5 years from now. As we later learned about bitcoin.
So if you have the power (extra money) then I'd say definitely hold on to Bitcoin. At least for your child's future.

[BALIK]

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.

But I think the fact that exchanges force users to KYC is because the government is the one who orders it, so to speak, all the things that make bitcoin gradually become more centralized may be a big plan of the government behind it. But I don't think everyone will use exchanges or banks to store their bitcoins. Don't forget that most people choose bitcoin because they are fed up with bank or government policies and they look to bitcoin as an escape. So there will be many people who will continue to use bitcoin with non-custodial wallets, not everyone will be stupid enough to go back to banks and trust the government again.

[Cvetik56]

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.

This alone is enough. Bitcoin is a trusted asset. Which is likely to be legalized in all countries in the future. I believe that Bitcoin will reach its peak one day. So those who stay away from holding these assets will regret it 5 years from now. As we later learned about bitcoin.
So if you have the power (extra money) then I'd say definitely hold on to Bitcoin. At least for your child's future.

Well, some people see BTC as a currency too, but I think it's hard to use it like that. At least for me, I wouldn't want to spend it just like that on groceries or anything else unless I had no other choice. Also, A lot of people are already regretting missing out on Bitcoin, but most people don't care or don't even know about it much. The number of disappointed will grow, but I don't how fast.

[CryptoHeadlineNews]

Well, some people see BTC as a currency too, but I think it's hard to use it like that. At least for me, I wouldn't want to spend it just like that on groceries or anything else unless I had no other choice. Also, A lot of people are already regretting missing out on Bitcoin, but most people don't care or don't even know about it much. The number of disappointed will grow, but I don't how fast.

Yes, it's true that in the next 10 years from today people will still regret failing to invest in Bitcoin, the same way we have many regretting today for failing to take advantage of it when they had the opportunity 10 years ago at a cheaper rate, which is one thing inevitable when it comes to new innovation, as not everybody will be interested in it at the first instance, while others afraid not to lose their hard earn money, and as such miss a golden opportunity which Bitcoin offers. But one thing we all need to know is that not everybody will be interested in Bitcoin, and that's totally okay, but us who understand and know how it works, let's not fail to keep accumulating more now that the price is low that that when the price goes high, we stand to be among the lucky ones who will real the profit when Bitcoin goes 5x and 10x.

[Renampun]

...

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.

everything you think about bitcoin is correct, I add a little that you can invest your money in bitcoin even in the amount of $10, while if you invest in other things such as property, shares or others then it is impossible for you to be able to invest $10.
bitcoin is a great thing in this century, you are free to call it an investment asset and you are also free to call it a currency, in essence bitcoin gives you freedom. the growth of bitcoin investors continues to increase, especially young people who are looking for extra money, so it is very natural that the price of bitcoin is predicted to continue to rise.

[Natalim]

Generally, we are inspired because we see some people have shown their money and earn huge profits on social media. There is traction now which is far different from the past because if we are able to recall 10 years ago, only a few people see this have a futuristic aspect that could help us improve our living while the majority are rejecting it. But for now, we heard a lot of testimonies and commendations that grab attention and fuel us to invest believing that it also happens to us.

[Blitzboy]

Well, some people see BTC as a currency too, but I think it's hard to use it like that. At least for me, I wouldn't want to spend it just like that on groceries or anything else unless I had no other choice. Also, A lot of people are already regretting missing out on Bitcoin, but most people don't care or don't even know about it much. The number of disappointed will grow, but I don't how fast.

Yes, it's true that in the next 10 years from today people will still regret failing to invest in Bitcoin, the same way we have many regretting today for failing to take advantage of it when they had the opportunity 10 years ago at a cheaper rate, which is one thing inevitable when it comes to new innovation, as not everybody will be interested in it at the first instance, while others afraid not to lose their hard earn money, and as such miss a golden opportunity which Bitcoin offers. But one thing we all need to know is that not everybody will be interested in Bitcoin, and that's totally okay, but us who understand and know how it works, let's not fail to keep accumulating more now that the price is low that that when the price goes high, we stand to be among the lucky ones who will real the profit when Bitcoin goes 5x and 10x.

[Out of mind]

✂️

When a person learns cryptocurrency with the aim of increasing his money, his intention is to earn well. When you get into crypto, you will be inspired by Bitcoin because Bitcoin is a store of value. From Bitcoin, people raise funds in various ways to brighten their future so that they can become great people in the future. Since you have learned enough about Bitcoin, you are motivated towards Bitcoin, which has helped you to invest. You must be careful of all things, when market volatility starts you may face a lot of loss, but you have to be patient. The tips you have provided really depend on all of this to inspire a person's attention to Bitcoin, which is really interesting.

[Dr.Bitcoin_Strange]

To all Bitcoiners, I believe they all have their reasons and inspirations for adopting Bitcoin, which could all be just a similar reason. For myself, I got inspired to buy Bitcoin because I just realized that it was really an asset that is worth owning, so I just bought my first Bitcoin when I realized it. Meanwhile, some years ago, I was so skeptical about Bitcoin that I did not even believe that it could be possible to sell Bitcoin anywhere, but the issue then was that I did not just have better knowledge about Bitcoin; I was only hating it blindly. But now that I have knowledge about Bitcoin, I have got to love it and even wish to have more than the amount of Bitcoin I am holding in my portfolio.

[wallet4bitcoin]

Like every other business conscious individual, what drove me to invest in bitcoin is the volatility as at when I first encountered it.

Imagine seeing a currency that can appreciate in value with its volume remaining the same and no action taken. I considered it a worthy investment and I decided to invest in it without any doubt that it will be a profiting venture for me.

[TelolettOm]

This alone is enough. Bitcoin is a trusted asset.

It depends on the individual. There is a person who is still not confident to invest in Bitcoin although we call it as a trusted digital asset. But for a crypto enthusiast, it can be more than enough to be the main reason to invest in Bitcoin. Educational background or the insight/knowledge has a crucial role to convince someone for joining Bitcoin investment.

Which is likely to be legalized in all countries in the future.

How do you know it will be legalized in all countries?
I actually really expect this, it will be a big boost for crypto. However, since the government doesn't like a decentralized idea, it is likely a bit difficult to be legalized by all governments in the world.

I believe that Bitcoin will reach its peak one day.

What is the peak of Bitcoin in your perception?
I think everyone may have a different perception about what the peak of Bitcoin is.

So if you have the power (extra money) then I'd say definitely hold on to Bitcoin. At least for your child's future.

Sure, we invest in Bitcoin or other investments are for the future of our children, too. But don't rely on Bitcoin for our children future.

[Ale88]

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.

This is half true: the majority of people still need exchanges in order to safely buy bitcoins, and as we know exchanges require KYC and they can also freeze accounts so it's true that bitcoin itself is can't be controlled by anyone but at the same time getting bitcoin could require some type or "organization", exchanges in this case. Not everybody is willing to use DEXs or buying bitcoins in the street.

[ancafe]

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.

Anyone will never get inspiration if they don't know what they are doing and in the end they will never get maximum results if they don't study properly. From the several points you mentioned below, there are price fluctuations that can lead someone to experience losses when investing. That's why knowledge is needed when someone is involved in it because risks cannot be avoided if someone does not understand the correct investment patterns.

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.

Hopefully the advantages possessed by bitcoin can confirm your intention to achieve financial freedom and if you think bitcoin is the economy of the future then this step should be the starting point for us to take advantage of it. Because if you only talk but don't act then bitcoin can't provide anything for us and I think there are many people who know the advantages that bitcoin currently has.

[xzy887]

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.

But I think the fact that exchanges force users to KYC is because the government is the one who orders it, so to speak, all the things that make bitcoin gradually become more centralized may be a big plan of the government behind it. But I don't think everyone will use exchanges or banks to store their bitcoins. Don't forget that most people choose bitcoin because they are fed up with bank or government policies and they look to bitcoin as an escape. So there will be many people who will continue to use bitcoin with non-custodial wallets, not everyone will be stupid enough to go back to banks and trust the government again.

Then you should have told this answer how to buy bitcoin without bank or government supervision. It will be very helpful for those who don't know much about this subject like me.
 But I think, first of all we need the help of some bank or exchange for first time buy Bitcoin.
 If someone wants to buy bitcoin in a new state, how can they buy it?
What is your opinion on that?

[Learn Bitcoin]

Then you should have told this answer how to buy bitcoin without bank or government supervision. It will be very helpful for those who don't know much about this subject like me.
 But I think, first of all we need the help of some bank or exchange for first time buy Bitcoin.
 If someone wants to buy bitcoin in a new state, how can they buy it?
What is your opinion on that?

You still have options to buy Bitcoin without compromising your privacy. You have to search for it. It depends on where you are from. You can try platforms like agoradesk.com where you can buy Bitcoin without compromising your personal information. Even some centralized exchanges do not ask for KYC. You can check this thread No-KYC Exchange Encyclopedia by Ratimov. Currently, there are 49 exchanges listed that do not ask for KYC. You can find the best one according to your needs.

[DanWalker]

Then you should have told this answer how to buy bitcoin without bank or government supervision. It will be very helpful for those who don't know much about this subject like me.
 But I think, first of all we need the help of some bank or exchange for first time buy Bitcoin.
 If someone wants to buy bitcoin in a new state, how can they buy it?
What is your opinion on that?

You still have options to buy Bitcoin without compromising your privacy. You have to search for it. It depends on where you are from. You can try platforms like agoradesk.com where you can buy Bitcoin without compromising your personal information. Even some centralized exchanges do not ask for KYC. You can check this thread No-KYC Exchange Encyclopedia by Ratimov. Currently, there are 49 exchanges listed that do not ask for KYC. You can find the best one according to your needs.

We can still buy bitcoins without losing our privacy, but we still need the help of banks, if we don't use banks there will be no way to buy bitcoins even if we use DEX or centralized exchange. As long as fiat currencies remain the world's primary currency, we will always need the help of banks and fiat if we want to own bitcoin. That's actually quite annoying but we don't have a solution for that yet. But if you value privacy, you should use DEX from the beginning, don't try CEX without KYC, sometimes there will be unpredictable problems, IMO.

[Stable090]

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.

When they learn that bitcoin should be a long-term investment, most beginners are always have questions and keep wondering when the bull run will begin. Trying to persuade people to invest by pointing up the assets' potential. There is nothing more fascinating than observing how you manage your money. There are many benefits involved associated with investing in bitcoin, including the ability to save money while still expecting a profit and having a lightning network and the ability to transmit assets anywhere at any moment for such fascinating futures comes with its own set of price and scam risks. Mempool issues  are not always frequent so still preferable. However, when it does, it is a huge disadvantage, similar to what you said about having an emergency, but even then, there is still a significant investment to be made.

[Vaskiy]

But if you value privacy, you should use DEX from the beginning, don't try CEX without KYC, sometimes there will be unpredictable problems, IMO.

I have been using CEXs without KYC for 7 years and have not experienced any problems. DEXs are not the best solution for everyone because they are very expensive in fees, do not support the right assets and networks, and have poor liquidity. I will switch to DEXs when one token to another is as cheap and hassle-free as on CEX, but until this happens, DEXs is not anything particularly unique that makes it worth abandoning CEX completely. 99% of the problems that arise due to working with CEXs are created by the users themselves. Whether this is the fault of the services themselves is a big question.

Being the early user it could've been possible. Right now it is really hard to make use of CEX without KYC. For the users who doesn't want to fulfill KYC, they could prefer DEX. With CEX things were going good and provides good liquidity. Majority of the problem happens with the careless of the user. Having a double check will keep everything functional without error. However while choosing the CEX we need to be careful finding the right one and using it, getting into the untrusted platforms gonna make the user suffer.