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Author Topic: Why is Bitcoin the best asset for investment currently?  (Read 1281 times)
jrrsparkles
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April 10, 2024, 04:36:22 PM
 #61

Limited availability is great but the volatility is the biggest reason why Bitcoin becomes so much popular as an investment which we may not see in other traditonal assets for this much long and it also makes Bitcoin suitable for both short term and long term.

Bitcoin is great but one who wants to be a Bitcoin investor should enter after their research not based on someone's words.









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April 10, 2024, 09:23:19 PM
 #62

 bitcoin is considered the best investment asset today, and everyone knows that. haha
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April 10, 2024, 09:42:17 PM
 #63

As you can see, unlike other Assets, Bitcoin is a decentralised asset and can't be created more, but increases in value when it's price is halved.
Increases in value when the price is halved? The price isn't halved; what is halved is the reward given to miners for validating transactions on the Bitcoin network.

The gold investors and fans would argue about it having limited resources or supply too. But no one knows what measurement and what exactly is the limit of it.

Compared to Bitcoin, we all know that it's got 21 million supply and the last Bitcoin to be mined will take 120+ years before it happens.

With all of the comparisons and aspects of Bitcoin, it's no doubt a phenomenal asset that everyone should look at.
The earth is just too big, so we can’t say how limited gold is. And gold likely doesn’t exist only on earth. It could exist in massive quantities out there. Though what’s better about it is that it was printed by the earth, its earth money, unlike fiat that is printed at any time and any day and at their own will.



 

 

 

 

 

 


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April 10, 2024, 11:05:54 PM
 #64

Limited availability is great but the volatility is the biggest reason why Bitcoin becomes so much popular as an investment which we may not see in other traditonal assets for this much long and it also makes Bitcoin suitable for both short term and long term.

Bitcoin is great but one who wants to be a Bitcoin investor should enter after their research not based on someone's words.
Bitcoin's volatility results in rapid price fluctuations, and this gives an advantage to cryptocurrency traders who are affiliated with Bitcoin or who are in the Crypto space.

Not only about volatility, but Bitcoin is also a decentralized digital currency that cannot be regulated by anyone including the government so that prices are not determined based on the wishes of the government, but prices are determined based on supply and demand that occurs in the crypto market.

Doing your own research to start getting into Bitcoin is advisable, but for Bitcoin you don't need to do too much detailed research.
Simply enter when the price drops due to FUD or when many people dump and now Bitcoin will still pass the halving so that the price increase can be felt quickly and the new ATH target will be closer.

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April 10, 2024, 11:24:45 PM
 #65

I think Bitcoin, real estate, stocks and gold are good investment. However, why I'd agree that Bitcoin is the best among them is for instance, gold supply can increase with demand but that of Bitcoin is finite, it is capped at 21 million. Also, when you compare it with stock and real estate, it's volatility is a concern but looking at the level of success it's been able to attain within a very short time frame, Bitcoin still stands out.

This applies also to the long term and we all know that those investment assets can be changed in the future depending on how they turn out to be and when the bitcoins supply drastically decreases, the price will surely spike and increase at a higher rate than's why throughout the time we see bitcoin price increase each year past, especially at the time of bitcoin halving and it will continue afterward because along with it are lots of people buying just to hold it and they continue doing so until both their investment will multiply along with bitcoin price to drastically increase in the future.

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April 10, 2024, 11:37:55 PM
 #66

The gold investors and fans would argue about it having limited resources or supply too. But no one knows what measurement and what exactly is the limit of it.
I have not read anywhere about anyone claiming that gold is of limited supply and anyone with such argument is either ignorant of just playing to the gallery. Gold is still being mined in West Africa and several other locations in the world and the supply is never limited. Australia have an estimated reserve of 12,000 metric tons of gold, so where is the statement of gold having limited supply coming from?
Do you think that all of the minerals and natural resources of the world is unlimited?

The Earth has a limited amount of gold in its crust and experts are estimating that it may be unsustainable to mine gold by 2050. Compared to the nearly 4,000-7,000 year history of humans mining gold, that’s barely a blink of an eye.

Compared to Bitcoin, we all know that it's got 21 million supply and the last Bitcoin to be mined will take 120+ years before it happens.
By putting a limit on the supply of Bitcoin, I think it was designed to increase in price as the supply will never exceed demand on the long run, simple economics. Those who know this will naturally see why Bitcoin should be considered an option for the long term. Investment in Bitcoin is truly the best anyone can think of as it will keep getting better with time.
No doubt with that, we're all for Bitcoin and we've been holding the best asset of all time.

The gold investors and fans would argue about it having limited resources or supply too. But no one knows what measurement and what exactly is the limit of it.

Compared to Bitcoin, we all know that it's got 21 million supply and the last Bitcoin to be mined will take 120+ years before it happens.

With all of the comparisons and aspects of Bitcoin, it's no doubt a phenomenal asset that everyone should look at.
The earth is just too big, so we can’t say how limited gold is. And gold likely doesn’t exist only on earth. It could exist in massive quantities out there. Though what’s better about it is that it was printed by the earth, its earth money, unlike fiat that is printed at any time and any day and at their own will.
Yeah, we don't have an idea how limited it is. But just take a look at the perspective of the whole world. The land is limited, the housing is limited, the trees are limited unless you keep on planting and so as the diamonds, fossil fuels and other precious metals such as gold.

You're right that there's a possibility that it's also existing in some other planets or outer space but can you imagine how much resources that the explorers will get just to get out there?

Thus, we're only discussing the limit that it has got in our world.

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April 10, 2024, 11:59:24 PM
 #67

Limited availability is great but the volatility is the biggest reason why Bitcoin becomes so much popular as an investment which we may not see in other traditonal assets for this much long and it also makes Bitcoin suitable for both short term and long term.

Bitcoin is great but one who wants to be a Bitcoin investor should enter after their research not based on someone's words.
I have to agree with you. Bitcoin’s high volatility is what makes people stay investing and get attached with it. It could be a threat for others but majority, it could be the best asset for bitcoin. Not all investments are capable to surge high and skyrocket, as some are just following a slowly upward rise, but with bitcoin, while it can make our investments value increase way too fast, it can also drop its price drastically without warning us. However, if you are knowledgeable about bitcoin and you know exactly that those risks are worth the wait, then investing in bitcoin could be the best key to financial freedom and stability.

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April 11, 2024, 01:57:16 AM
 #68

Bitcoin is attractive to everyone and everyone wants to do English. If its price is increasing, then if you invest there, your chances of profit will be very high.  If I had bought a bitcoin in 2013, you would be a multi-talented millionaire today.  Then you will get him to know your present in that field if you become a millionaire 24 last one year span in that field everyone wants to invest and become a millionaire.  If you always think that you will become a millionaire, if you invest now, you may lose from 2025 onwards.  However, the current situation seems a little bit like the stock market is going up, the price of Bitcoin will increase further in the future and its price may go higher.  In my opinion, investing in bitcoins is a bit of a smart move because if you must use these skills then these are not for you.
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April 11, 2024, 02:17:44 AM
Last edit: April 11, 2024, 02:44:18 AM by headingnorth
 #69

Bitcoin is an asset without an issuer, so there is no issuer that can create more of it whenever they feel like it.

To make more bitcoin you have to mine it which requires a great deal of energy and effort. Once all 21 million are mined it is impossible to make any more.
On the other hand something like ethereum (with proof of stake) requires no such effort to create millions or trillions of more tokens with almost no effort at all.

The quality of being an asset without an issuer is the holy grail of what makes bitcoin unique and superior to anything else.

That is why the altcoins are garbage because they have issuers who can change the code and change the supply anytime they feel like it.
The mother shitcoin of them all ethereum was created by a group of issuers who issued to themselves unlimited amount of eth tokens that were then dumped onto the market
and to this day are still being dumped. It is a centralized system that can and has been hardforked many times and changed so drastically to the point that the foundation of it is no longer recognizable. There is nothing decentralized about it.

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April 11, 2024, 02:40:07 AM
 #70

As you can see, unlike other Assets, Bitcoin is a decentralised asset and can't be created more, but increases in value when it's price is halved. But note that Bitcoin as an asset is very volatile in nature, therefore you shouldn't invest all your savings but a spare money you could lose without getting very emotional. However everyone needs to take advantage of this years halving and take profits to prepare for the next very early.

And I also want to say this opportunity should immediately take the opportunity to get a fairly decent profit where the reduced supply cycle and the potential for price increases are very likely to occur afterwards. yes. At least you have conveyed a good thing and this is also seen as one of the wise strategies.

Yes. If we believe in Bitcoin as an asset, we must continue to maintain it and my assumption is that everyone also has their own approach in anticipating a potential Bitcoin surge in the near future. We may be able to profit during correction periods where prices fluctuate up and down like today.

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April 11, 2024, 02:48:12 AM
 #71

Not only about volatility, but Bitcoin is also a decentralized digital currency that cannot be regulated by anyone including the government
Governments have power, laws to govern many things in their countries and societies so they are able to govern many things in Bitcoin market and communities.

KYC, AML are products from governments and they are doing with with centralized exchanges.

They only can not censor Bitcoin transactions, can not freeze your bitcoins if you store it in your non custodial wallets and Bitcoin is unique in a way it gives us full power to control our money.

so that prices are not determined based on the wishes of the government, but prices are determined based on supply and demand that occurs in the crypto market.
Supply and demand principle works for Bitcoin but I prefer to present one interesting trend.

Bitcoin total supply is 21M, won't change.
Demand will increase with time. Assume Bitcoin adoption will increase, not decrease.
Each four years, Bitcoin block subsidy will halve while in a same four years, adoption then demand increase a lot. New supply drops 50%, new demand increases more than 2 times.

We can say new supply from block subsidy drops but demand increases a lot. Price will be benefit by this New supply and new demand trend.

R


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April 11, 2024, 05:18:05 AM
 #72

I would rather say that investment in bitcoin is not based on what you can afford to lose, because no one that has invested in bitcoin and waited for a long time that didn’t reap their profits in it. When you’re talking about “invest what you can afford to lose”, it should be related to altcoins and not bitcoins. 1BTC will always be 1BTC until you spend some part of it that its value reduces. So investment in bitcoin should be what you are able to spare for the long term and not to use until your profit target is reached. Talking about emotional and losing funds, it should be on altcoins and not bitcoin.
Yeah, it is definitely about amount of period you can wait and not the amount of money you can invest. There are a lot of people who invested a lot of money, but did it right at bull period was ending, so they had to wait a bit and then get to bear market and had to sell so they made a big loss. Whereas there were people who got in at the right time, waited for many years, and turned their small investment into something much bigger.

This is why I believe that it would be smarter to just enjoy the ride and not really get caught up about the return or the amount. The more you think about it all, the worse you will do and there is really no reason why you should do something like that, it wouldn't really matter to you at all.

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April 11, 2024, 06:44:52 AM
 #73

I think we can have other arguments for why Bitcoin is better as an investment option than traditional investment assets even if we don't only talk about their supplies and how the supply of other assets can be increased and Bitcoin can't. When we talk about real estate, technically, the total supply of real estate is also fixed in some way because you can't create more land and it's just what we have on earth and it's all divided by borders, so a single town, city, and country would have a limited amount of land which is also why the real estate prices usually keep going up.

The best reason why Bitcoin is considered to be the best investment option is it allowed anyone to be an investor because you only need a small amount to start making investments in Bitcoin and it tends to increase in value way faster than other investment options which is why it has become the favourite.

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April 11, 2024, 07:29:45 AM
 #74

Lots of people especially those with little knowledge about Bitcoin and it's mode of operations, would be wondering why Bitcoin is the most talked about crypto asset to invest on currently but this image below would help enlighten them with a clue to what they need to understand.
 


This image is completely shows how great and cannot be covered bitcoin is .


Just now that I come to realized this reality , yeah the world can build and create everything in the world.

But never that has a chance of Bitcoin can be added from that 21 million creations and Thanks to satoshi .

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April 11, 2024, 10:11:50 AM
 #75

bitcoin is considered the best investment asset today, and everyone knows that. haha

This reminds me of 7 years ago when I told my friends about bitcoin and that I had bought bitcoins and at that time they didn't know anything about bitcoin and they just didn't want to know about bitcoin until the price of bitcoin started to rise a lot because of the icos and that caught the attention of governments who started running a big campaign in which they discouraged people from buying bitcoin because it was a very volatile asset and manipulated according to them, it was at that time that the central bank of my country and the government of my country country also said that bitcoin was not regulated in my country, but that it was not prohibited to use, but that people in my country who used bitcoin would be on their own, the risk was theirs and the bank in my country would not have any responsibility for this. . Those words from my country's central bank had the opposite effect, people in my country started buying bitcoin. It's funny that this year the government of my country encourages people in my country to buy bitcoin

Limited availability is great but the volatility is the biggest reason why Bitcoin becomes so much popular as an investment which we may not see in other traditonal assets for this much long and it also makes Bitcoin suitable for both short term and long term.

that word HODL and TO THE MOON They were words that, because they were written so much on the internet, made people feel more hopeful whenever they bought bitcoin and altcoins, so this thought that they should buy bitcoin and hold it for many years means that there are more and more people buying and then keeping the the price goes up and every time there is some good news and you hear that some of these rich funds have bought a lot of bitcoins, people rush to buy a lot and the history of after every 4 years the price of bitcoin goes up a lot makes bitcoin a worthwhile investment It's just that, even in downtrends, Bitcoin can still make a profit for people, it's enough for people to understand how this market works

photos like these:



 made good marketing for bitcoin  Grin

Bitcoin is great but one who wants to be a Bitcoin investor should enter after their research not based on someone's words.

I agree, there are many investments in the real world that go wrong, which is why even real-world investments require people to study the business a lot before making them. In the case of bitcoin, for example, history shows that people who bought bitcoin regardless of the price at which they bought it, if they held it for at least 3 to 5 years, then they didn't lose anything, on the contrary, they made a profit. an example of this is that even people who bought bitcoin at $69,000 3 years ago and didn't sell when the price of bitcoin fell to $15,000, today they are in profit because the price is above $7,000

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April 11, 2024, 10:27:24 AM
 #76

Without going deeper into technical analysis and aspect I would like to say that Bitcoin is an asset which has been increasing continuosly since it's inception and even if the price dips it is recovered so one thing is clear that there would be sureshot profit for long term holders and hence it would be the best asset for investment though it was originally not meant for investment.

If we ignore other aspects and focus only on the profit aspect, OP may be right in saying that bitcoin is the best investment because looking at the development history, no asset has ever shown growth better than bitcoin. And I believe this is the reason the OP and many others always claim that bitcoin is the best investment. They only look at the profit side and ignore other factors and believe that they are right in making that judgment. If we consider many other aspects like legality, popularity, safety...then bitcoin is not the best asset or investment.
I certainly agree with this. Bitcoin is not actually the best investment when it comes to future security and stability. It has high volatility, so most likely we cannot expect certainty on its present or future value. But that volatility nature makes us more thrilled and interested to engage in bitcoin. Even if we know in the future, our anticipated profits may turn into losses due to its high uncertainty.

However, when it comes to profitability, bitcoin has the biggest ROI compared to any short term or long term investments. And that makes it more appealing to the people.

Many investors in my area, they only know bitcoin as an investment that has increased in price millions of times and they are confident that it will continue to increase further and that is why they buy bitcoin. What is Bitcoin, how is it created and how does it work...they can barely answer those questions but they still claim it is the best investment they have ever known. It is clear that the majority of investors are only attracted by the profits that bitcoin offers, they ignore other factors, and for them whatever gives them the highest profits is best.

Bitcoin has real potential but it still has its limitations and if we evaluate it as a whole it is clear that it is not the best asset in all aspects.

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April 12, 2024, 01:11:42 PM
 #77

The scarcity and decentralization of Bitcoin aren't the only things that make it a good asset. If something is scarce, but people don't want it, it can still be worthless. If something is decentralized, but people don't take part in it, it's useless.
Maybe Bitcoin isn't the best, but it's a strong option. It's somewhat riskier than gold, but likely to be way more rewarding. It's not as profitable as some altcoins might be, but it's safer. So, to me, Bitcoin is just in a sweet spot of relative safety and profitability, and that's what makes it a good investment.

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April 12, 2024, 02:49:33 PM
 #78

Quote
Why is Bitcoin the best asset for investment currently?
We don't need a long explanation, bitcoin is considered the best investment asset today because there are stories that it has increased in price millions of times, many people have become millionaires by holding it for a few years...is being spread around the world. Many people don't even know what bitcoin is, how it works, what its supply is...they know nothing about it but they know that it can keep going higher and they invest in it.

I never see these posts or questions during bear season but when cow season comes, there are thousands of questions similar to this all over social media. This is also a sign for me to realize that cow season is really approaching.   Cheesy Cheesy
Even a short one, those who are not new here don't need it anymore and not only today but BTC is the goat (greatest of all time). Also, the increase in its price is legit and not just a story or a rumour. BTC didn't became really huge after a couple of years only but it roughly takes a decade for it to achieve a price we are seeing now.

There are also lots of challenges along the way, so becoming a millionaire through it is not easy and only a few are successful. It's risky investing on something that you don't know but this is better than those people invest in the meme coins. Maybe you are not only active for you not see a post like this but that's great if you can see this as a sign to know that a cow or bull run is now approaching.

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April 12, 2024, 03:36:32 PM
 #79

In the case of bitcoin, for example, history shows that people who bought bitcoin regardless of the price at which they bought it, if they held it for at least 3 to 5 years, then they didn't lose anything, on the contrary, they made a profit. an example of this is that even people who bought bitcoin at $69,000 3 years ago and didn't sell when the price of bitcoin fell to $15,000, today they are in profit because the price is above $7,000
You mean if you invest $1000 in bitcoin for $69k and after 3 years bitcoin is worth $70k, and you consider this a success that bitcoin brings? I really don't understand what your business plan is here, but for me this is the biggest failure if I were the one making this investment. Because meanwhile, if I use this $1k to do other traditional jobs for 3 years, I will definitely earn x2 or x3 that amount of money. And I won't have to endure the mental torture of watching bitcoin drop to $15k.

The best investment is the one that gives you the highest returns, and whether you make good returns or not depends on you, not on bitcoin or any other asset. Even if bitcoin is the best asset, if you cannot make good profits from it, what does it mean to you that it is the best? For me, bitcoin would be useless in that case too.

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traderethereum
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April 12, 2024, 05:16:25 PM
 #80

Many investors in my area, they only know bitcoin as an investment that has increased in price millions of times and they are confident that it will continue to increase further and that is why they buy bitcoin. What is Bitcoin, how is it created and how does it work...they can barely answer those questions but they still claim it is the best investment they have ever known. It is clear that the majority of investors are only attracted by the profits that bitcoin offers, they ignore other factors, and for them whatever gives them the highest profits is best.

Bitcoin has real potential but it still has its limitations and if we evaluate it as a whole it is clear that it is not the best asset in all aspects.
Well, that's true because it seems to be happening in several places around me too. Those who know the news about bitcoin, which can provide big profits, make them start investing in bitcoin.
They may not know the best ways to start investing in bitcoin but they have actually invested their money in bitcoin and are waiting for the profits to come. But we don't know whether they will be able to keep waiting until the price of bitcoin increases or whether they will despair in waiting for the increase in the price of bitcoin.
But we know that bitcoin is a good investment at this time, especially with the increase in bitcoin prices that has occurred previously. That's why many people think about keeping their bitcoins until the time comes for them to sell them.

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