How is the increase in Bitcoin price benefits us

[Gideon66]

Bitcoin price benefits us today. Firstly it's and increase in crypto investment, which can lead to more development in business. Second, it can lead to high capital for Bitcoin, this increase can stand as and advantage of Bitcoin to be use as payment method in many industry, which can make it more easier and user-friendly. All these have a potential benefits and positive contribution on our society, Let me have your opinion on how Bitcoin increase benefits you .

[taufik123]

No need to be too technical and complex about what the benefits of Bitcoin's current increase are, certainly those who buy at prices below $20k will get more benefits that's all.

But about Bitcoin being used as a payment method in many industries it does not depend on how high the Bitcoin increase is But it depends on how government regulations allow the adoption of Bitcoin in its territory.
There will be no adoption if there are no official rules from the government.

Remember that governments will not give full regulation when they only give commodity regulation.
In countries like El Salvador that have fully adopted Bitcoin, there are many considerations that are made.
They are doing business with Bitcoin and they are making a profit.

But how does adoption work?
It's a completely different set of regulations and not just because of the rise of Bitcoin.

[PX-Z]

Isn't that obvious? Anything that increases value is considered profit especially if you hold that asset. And having profit is having additional money that can be used in any kind of activity that is beneficial to the holders. Its either to reinvest, invest new things, new business, or any personal agendas.

I don't think increasing bitcoin price can lead to more industry to use it as payment method. Remember it increases to 60k yet people and businesses does not mind at all, but only focus on their personal/company investments.

[oktana]

Bitcoin price benefits us today. Firstly it's and increase in crypto investment, which can lead to more development in business. Second, it can lead to high capital for Bitcoin, this increase can stand as and advantage of Bitcoin to be use as payment method in many industry, which can make it more easier and user-friendly. All these have a potential benefits and positive contribution on our society, Let me have your opinion on how Bitcoin increase benefits you .

I agree that Bitcoin's increasing price has significant benefits; it fuels a surge in crypto investment, encouraging more significant development in businesses associated with blockchain and cryptocurrencies. Second, the rise in Bitcoin's value can position it as a substantial asset, which does increase the path for its broader adoption as a payment method. However, you got me lost! When talking about "user-friendly". An increase in Bitcoin price has nothing to do with being user-friendly.

[yazher]

Whenever the price increase, of course, it will benefit everyone who is involved in the crypto industry because bitcoins is gaining more trust and investors which is the best news you can have right now. Since there is lots of good news going on, there's no reason for it to decrease its price. the only people who are badly affected by this event are those who are hostile against Bitcoin because no matter what propaganda they spread among the people, the fact that they are not making any progress really hurts them because no matter what they do, people still invest and buy some more bitcoins to hold for long term.

[DapanasFruit]

Let me have your opinion on how Bitcoin increase benefits you .

Of course, any increase with the price of Bitcoin can mean the availability of possible PROFIT if one will decide to convert his holding into USDT or even real cash. That is at the top of the heap. Next, with the increase just like what we are experiencing right now, the mainstream media will take notice and so Bitcoin becomes more popular and possibly more and more will be buying their BTC from the many centralized exchanges we have around.

[Dave1]

Bitcoin price benefits us today. Firstly it's and increase in crypto investment, which can lead to more development in business. Second, it can lead to high capital for Bitcoin, this increase can stand as and advantage of Bitcoin to be use as payment method in many industry, which can make it more easier and user-friendly. All these have a potential benefits and positive contribution on our society, Let me have your opinion on how Bitcoin increase benefits you .

True, it was design to be a payment system, but you have to understand that it has evolved as well. It all started with Mt. Gox, when we have trading exchanges, and so it become an asset. You can still used bitcoin as design though, as it is still borderless and most likely the industry of remittances could be one of those who benefited from it.

As far as the price goes, since it become an asset already, so the old adage still applies, "buy low, sell high", and that's how we make profits. Or just simply accumulating it overtime and become a holder and then sell it during the bull run (which is to be expected in 2024-2025).

[lombok]

The increase in Bitcoin prices has a good impact on increasing the value of Bitcoin investments. More precisely, this will attract more investors or individuals and even institutions to use Bitcoin as a safe haven investment medium or to protect the value of assets such as gold. Perhaps most of the benefits of Bitcoin are investments, but it does not rule out the possibility that BTC can be a fast and cheap means of payment.

[adaseb]

When bitcoins price rises, so should the hashrate which will make the network more secure. Remeber all those dead altcoins which basically lost value and miners disappeared and the network stalled?

Also when crypto has more money entering it creates more jobs in the field and can make it better overall. When crypto is in a bear market nobody is hiring. Exchanges are laying off people left and right.

So there are many positives to having bitcoins and cryptos price increase compared to it staying the same or decreasing.

[michellee]

The increase in Bitcoin prices clearly provides benefits for us. It has been happening for a long time and when the price of Bitcoin rose, many of us sold our Bitcoin and took the profits. If you use Bitcoin as a long-term investment, you will see how much the value of your investment grows.

But if it is for alternative payment methods, it will have to wait for government approval. And if more countries approve Bitcoin as a means of payment, that will provide support for Bitcoin to gain mass adoption in many countries.

And before that happens on a large scale, you can invest in Bitcoin for the long term. And the biggest benefit that Bitcoin has provided to society is as a long-term investment.

[GeorgeJohn]

Increase in bitcoin benefits tye investors in different ways, because the prayer of any cryptocurrency investor more especially bitcoin  have in mind that bitcoin investment will benefit you when the price increases.. at first a long term investors most at times they invest when bitcoin price is in a DIP season and what they are after is the bullish of bitcoin so that they can make a huge profit.

The reasons while investors invest during the decrease of bitcoin is because they are waiting for the price of Increase, a short term investors do make a profit if bitcoin price increases and people who invested in altcoins also benefits during the time bitcoin price goes up, because the increment of bitcoin  in the market  arises the altcoins, even altcoins you invested on, that has a potentials, its obvious that increase in bitcoin gives a support to increase in altcoins

But the reason while people also invest in altcoins that have a potential is as same as someone who invested in bitcoin when the price is extremely low in the market...so people that invest when the market is been low have a target and I believe that their target is for bitcoin to rise so they will benefit from the increase of bitcoin.

Even some people accumulate their bitcoin waiting for the time it will increase in the market so they will make a profit, some rich people who is into cryptocurrency investment turn to a multiple billionaire because of their investment in Bitcoin during when the price of bitcoin is low, and some do take the risk to invest a higher money knowing if the market changes to positive they will make multiple of their capital,  so it's to have a good mindset during bitcoin investment.

[EluguHcman]

At any basis, the value of Bitcoin stance impressive whether on a valued or devalued rate.
Most people of now and then had doubt on the digital currency Bitcoin at foremost, but today, its confident investors has stood to creat wide range spread of the coin which has come to to attract more users of the digital currency Bitcoin.

However, since there had been elimination of doubts to the currency as at today's, most persons have the thought to start an investment on a high rate of capital but the value of Bitcoin today has got them hovering over the market whereby, they finds it uneasy to invest as hugely as thought so believe me, if there comes a lower devalue of the coin, it is triggered to pave a high speed to willing investors to batch into the digital market of crypto industry.
Also, when to there comes an increase of the Coins, it paves a bull run to its already investors whereby, there is would be a hike in profits advancements. At this points of times, the investors would always wish the continues increase of the currency that has got them the opportunity to excel profitably in the marketing firm.

Other hands, the increase of the Bitcoin as a matter of exchange for services as alternative means to fiat currency has its traders the opportunity to gain the enrichment potentiality of the coins whereas... You don't only have the currency in your wallet as the bank savings maybe but othe hands, there is said to be trading as increase in value to the said coins in your wallet during and after exchanges.

Buttress on the content of this thread, the increments in Bitcoin proffers to offer profits to its investors and its exchange dealers on service exchanges as a potential prior to profitablity.

Meanwhile... Most persons ends a regret after the slacking steps to invest on Bitcoin due to the current value with their ought to kickstart a huge capital but while they steps aside and watches the bull runs in the markets, there is always stakes of "had I know" to their thoughts.

In the industry of Bitcoin, there is no necessity of "waiting for the right time" but concerned to adhere that "there is no right time". But earlier always the chances to be on the safer side due to the coins volatility flexibility.

[Fivestar4everMVP]

Bitcoin price benefits us today. Firstly it's and increase in crypto investment, which can lead to more development in business. Second, it can lead to high capital for Bitcoin, this increase can stand as and advantage of Bitcoin to be use as payment method in many industry, which can make it more easier and user-friendly. All these have a potential benefits and positive contribution on our society, Let me have your opinion on how Bitcoin increase benefits you .

I don't know about others, but for me in particular, the breakout of the price of bitcoin which saw bitcoin trading above $33,000 right now is a huge relieve, and i believe this is not just for me but for several other investors out there, this at least act as a sign and a confirmation that a bull run is very possible in the coming year which is 2024 or 2025, which ever year this happens, i am personally going to hold and wait, but the most important thing right now is that, we know that a bull run is coming, and with the approval of bitcoin ETF also coming, i believe the coming bull run will be one that will see the price of bitcoin going above $100,000 and above.

Fingers crossed right here though.

[Crypt0Gore]

I am grateful to myself for seeing opportunities before my eye and taking them, I bought most of my Bitcoin in 2022 when it dumped down to 17,000 range and after the price start to recover, and the second dip was around 15,700 which I also bought more but not as much as my first heavy purchase, as you can see its benefits me buying at the bottom.

I had to get some more money saved separately for future dumps, which I've successfully did, because at this stage even while we are all waiting for ETF approval it's possible that something bad can hit the market and cause major panic among investors again, it could be intentional or not, but I don't care about that.

I believe that those who buy Bitcoin at a cheaper rate will get the best returns over all, so if you want Bitcoint to be beneficial to you it's better to buy at a lower price, now I am only buying with few dollars every week, because the price is a bit high now.

The lower the price of Bitcoin the higher the money you must use to buy at first because it's an opportunity that wont last for long, and the higher the value has become you just have to keep using DCA strategy with few bucks.

[Sexylizzy2813]

Bitcoin price at the moment is not on the negative side, with traders hoping it goes up more than it is will make them profit more in this movement, still sticking at $34k and I believe when you talk about who benefits more I'd say investors and traders. At this point nobody wants to be on the losing side, with it's bump I have that feeling that many would love to buy and some would hold because the price isn't staying at $34k for long (expecting another rise to $35-37k) and the buying rate would increase more, everybody who was thinking of selling would like to hold at the moment.

[freedomgo]

Bitcoin price benefits us today. Firstly it's and increase in crypto investment, which can lead to more development in business. Second, it can lead to high capital for Bitcoin, this increase can stand as and advantage of Bitcoin to be use as payment method in many industry, which can make it more easier and user-friendly. All these have a potential benefits and positive contribution on our society, Let me have your opinion on how Bitcoin increase benefits you .

The price of Bitcoin might not matter to the majority of its users, especially those who rely on it for daily use. This is the essence of mass adoption. Price increases are beneficial, particularly for investors who anticipate future widespread adoption. So, regardless of your stance, both parties can benefit from it.

For those of us who regularly use Bitcoin for activities like gambling or other online transactions, the price isn't the primary concern. What matters most is the speed of transaction confirmation and, especially, the associated transaction fees.

[Text]

Certainly, getting straight to the point, the increase in the price of Bitcoin benefits investors as it provides them with substantial returns on their investments. Furthermore, many other positive developments will occur along the path it's taking. When the value of BTC rises, it garners more attention, and public awareness and adoption grow. This increased attention also attracts other investors, who are now becoming interested in entering the cryptocurrency space and exploring blockchain technology. This is where the domino effect begins, leading to new innovations, job opportunities, and further developments.

[Jegileman]

Bitcoin price benefits us today. Firstly it's and increase in crypto investment, which can lead to more development in business. Second, it can lead to high capital for Bitcoin, this increase can stand as and advantage of Bitcoin to be use as payment method in many industry, which can make it more easier and user-friendly. All these have a potential benefits and positive contribution on our society, Let me have your opinion on how Bitcoin increase benefits you .

We don’t need to have a long conversation about it. It’s obvious that bitcoin price increase will benefit many that have bought it at a lower price. It doesn’t matter if bitcoin main purpose was to serve as an alternative to traditional fiat currency, people have been able to take advantage of the volatile nature of bitcoin and turn it into an investment strategy. Does this matter again? I don’t think it does since it has helped in the increase in the number of users and mass adoption of bitcoin globally. So the increase as benefited the investor with more money than what was initially invested and also helped increase the number of people using bitcoin.

[Eternad]

advantage of Bitcoin to be use as payment method in many industry, which can make it more easier and user-friendly. All these have a potential benefits and positive contribution on our society, Let me have your opinion on how Bitcoin increase benefits you .

Most business will be discouraged to use Bitcoin as payment method with this kind of volatility unless they are holding Bitcoin long term. Any sudden price increase always balance with sudden price decrease which means a business can suffer huge losses once they receive payment on wrong time.

I plan to have business and I’m very glad to accept Bitcoin as payment since I’m a holder which I can replace the payment of Bitcoin using my salary in fiat for my business. Price increase benefits holder not a business owner since they typically exchange their Bitcoin on the spot using payment processor once someone pay them.

[Rruchi man]

Let me have your opinion on how Bitcoin increase benefits you .

The increment in the value of bitcoin is obviously benefits investors, but it is not without the other effects it can have on an investor.

Within the past week, the value of bitcoins have increased, and many investors may have been tempted to sell and take profit.

The increase in the value of bitcoin can make investors consider selling too early, responding to the impulse of selling to take profit even when they have no serious needs that require money and could have stayed on the market longer.