Bitcoin as an overachiever

[Litzki1990]

Bitcoin was a great invention in 2009. We first came to know about Bitcoin in 2009 and since then Bitcoin has created a different kind of discussion around the world. In the beginning, people did not pay much attention to this currency, but gradually this digital currency has transformed into one of the most popular digital currencies. When people think of investing now, the first thing on their list of choices is Bitcoin. Bitcoin has changed its price step by step and the popularity of Bitcoin has increased from year to year. People are now comparing Bitcoin to gold. And those who are planning to buy gold are buying bitcoins instead of gold because what gold could not give a person in 10 years, bitcoin can give an investor the same amount of profit in just a few days. Bitcoin is growing in popularity and will continue to grow in popularity.

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1714637294

[Out of mind]

Since Bitcoin came into existence in Year 2009 it has overachieve in terms of it value,  and I believe that it will keep on gaining more hight.
 It have been been 14 years now, and the value is eye catching comparing to the price it started from.

The way Bitcoin has changed its position since 2009, everything else hasn't changed that much to date. The change in Bitcoin price has increased tremendously, and this BTC has been able to gain huge popularity among people. 14 years ago Bitcoin's value and its popularity were not at all but, after 14 years, Bitcoin's position has risen to such a high level that it is known as a currency of choice for everyone. We've seen the price of Bitcoin rise relative to gold at a time when the price of gold was being overtaken by the price of BTC. This bitcoin I believe will go higher in the future and ATH, so people invest most bitcoins for investment and keep their money here to earn.

[GbitG]

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I believe that we are still in the early stage of it growth, so that's why I will advice all to key into Bitcoin by accumulating it through the DCA method to build a generational wealth for our families.

Hmmm, this point caught my eye: we are still in the pre-stage of Bitcoin, and it is too early for the world to benefit from the gold of currency (Bitcoin). Because, if we look, traditional currency is baked up, trade is for stuff, and many other things like gold were and are. Although the discovery of gold was made by the Egyptians in 2450 BC, it is not accessible to everyone in modern times, and everyone knows how valuable it is. But now no one can buy a KG of gold easily, but those people who bought and held gold in the early stages are now happy and are now selling it at a high price. So right now, Bitcoin is also in its early stages, and it is better to buy and hold it. Because those who took Bitcoin seriously and invested in 2010 or even earlier would have taken the profit in 2021, which no one would have taken.

So it means to be mature and think about Bitcoin because you will regret it later, like those people who didn't buy gold at a low price and were unable to make a profit. Because it is the Gold of currency.

Yes, I also make a small investment under DCA in Bitcoin every month, which I get from my signature earnings. And it is planned to sell it in Bull Run and earn profit.

[Dr.Bitcoin_Strange]

Speaking of Bitcoin, there have been some very good factors that drive its value, and it will still continue like that until, who knows when? We know that no one can actually tell what the future holds, but in the past, there was much value placed on most natural resources. But these days, the majority of investors are shifting from gold or petroleum investments to investing in fintech like Bitcoin, and since Bitcoin has a limited supply compared to high demand, its value is also high. Again, Bitcoin is decentralized, and the synonymous brain behind Bitcoin is not known, which is a reminder to Bitcoiners that it is meant to be decentralized for the technology to keep waxing strong.

[tjtonmoy]

Physical assets like gold silver or diamond has created their own reputation over the time of their existence. They have been around for so long that if you go to any corner of the world and ask anyone about them, 90% to 98% of people will be able to answer what they are. But if you look at Bitcoin, you cannot say the same thing about it. But that doesn't mean that Bitcoin is bad or haven't achieved something good. Given the fact that Bitcoin is still young, the thing that it has achieved took others centuries. For this I will say that Bitcoin has outdone itself.
But in terms of comparison, you cannot compare Bitcoin with physical assets such as gold or silver or diamond. Bitcoin has its own reputation and those assets have their own reputation. They are doing great in the particular category. Can we say that Bitcoin is in its early stages? Maybe or maybe not! Only people who are technologically advanced knows about Bitcoin. And when there will be no people left without the knowledge of technology and Bitcoin, I think that will be the time when we can say that Bitcoin has reached its peak. It's going to take some time so now could be an early stage but the amount of people using Bitcoin today also makes it not an early stage. It's a bit confusing but it is the reality.

[Z-tight]

People are now comparing Bitcoin to gold. And those who are planning to buy gold are buying bitcoins instead of gold because what gold could not give a person in 10 years, bitcoin can give an investor the same amount of profit in just a few days.

We've seen the price of Bitcoin rise relative to gold at a time when the price of gold was being overtaken by the price of BTC.

From what i have read in this topic, i can say that too many people are missing the point, BTC and gold are not in any competition, BTC is not in competition with any asset, not even fiat. BTC is a p2p electronic cash that is permissionless and decentralized, and take note that BTC was designed as a currency, and it is only used as an investment because it is volatile.

BTC and gold are both different, gold is a safe haven asset and also a store of value, so to people who are looking for stability of their funds and a hedge for it, they will buy gold without caring about its slow return on investment. BTC is much more volatile than gold and its price can change very quickly, so it is up to the investor to choose the asset they want based on their desired use case.

[serjent05]

Bitcoin was a great invention in 2009. We first came to know about Bitcoin in 2009 and since then Bitcoin has created a different kind of discussion around the world. In the beginning, people did not pay much attention to this currency, but gradually this digital currency has transformed into one of the most popular digital currencies.

The creation of Bitcoin indeed brings a revolutionary change to the finance institution.  The blockchain technology brings more security and transparency is one of the newest technology the institution is now trying to make use of.  Although government frowned on the decentralize nature of Bitcoin, there is no doubt they are fascinated the technology behind it reason why some countries are trying to issue their digital currency using the technology similar to Bitcoin without the decentralized feature.

When people think of investing now, the first thing on their list of choices is Bitcoin. Bitcoin has changed its price step by step and the popularity of Bitcoin has increased from year to year. People are now comparing Bitcoin to gold. And those who are planning to buy gold are buying bitcoins instead of gold because what gold could not give a person in 10 years, bitcoin can give an investor the same amount of profit in just a few days. Bitcoin is growing in popularity and will continue to grow in popularity.

I disagree with this somehow.  I do not think Bitcoin is the first thing on the list of investors.  Since we have seen that many are still into altcoin, not saying many are still choosing traditional investment over Bitcoin investment.  Only people who are into cryptocurrency and is well aware of the risk involved in altcoin and knowledgeable about cryptocurrency are the one who have Bitcoin as their first choice on investment.

[Blitzboy]

Bitcoin's rise since 2009 is astonishing, especially compared to gold and diamonds, which have been there for centuries. That being said, its important to temper this passion with some analytical rigour. Why? Despite its skyrocketing value, Bitcoin is still vulnerable to price drops and legal ambiguity. This doesnt diminish its value; it emphasises the importance of clever investing methods like DCA

Im more interested in how Bitcoin fits into money's evolution. Its more than an asset - it changes how we see and use money. Besides money, cryptocurrencies' decentralisation promises financial freedom and new ideas. Thus, while acquiring Bitcoin may allow families to pass on wealth, its true value may be in its power to revolutionise our financial institutions. Bitcoin is a component of a financial future that will transform everything, not just an investment.

[coinremitter]

Absolutely, it's impressive to witness Bitcoin's remarkable journey since its inception in 2009. The consistent growth and value it has achieved in just 14 years are truly noteworthy. Bitcoin's ability to compete with longstanding assets like gold, crude, diamond, and uranium is a testament to its strength.

I agree that we're likely still in the early stages of Bitcoin's growth. For those interested, employing Dollar-Cost Averaging (DCA) to accumulate Bitcoin over time can be a strategic approach, potentially contributing to the creation of generational wealth. It's essential to stay informed and consider a long-term perspective in the volatile yet promising world of cryptocurrencies.