TheUltraElite
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So anyway, I applied as a merit source :)
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April 09, 2024, 04:42:04 PM |
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It is a good asset but the chances of spending it for daily necessities are limited in terms of the country you live in, their legal status and the availability of merchants accepting crypto.
You might even be forced to hold and not spend bitcoin because of no merchants accepting it or the government having backward policies.
Hence use fiat to spend all daily needs and store bitcoin in the background. You never know when the price of bitcoin touches 100k USD and then you will regret not having bought crypto at lower or sold early. Most of the users of this forum are hodlers and hence this sentiment and not the other will face a lot of support.
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EarnOnVictor
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 09, 2024, 05:03:45 PM |
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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.
I love your conclusion but the OP makes everything look outrageous. So you guys think the 21 million limit doesn't have its disadvantages as well? Do the arithmetic in line with economics. This is one of the reasons why Bitcoin can't be suggested as the world reserve asset even if it is accepted all over the world. But the Gold had done that and fitted very well due to its characteristics and also because of its enough availability. I wonder how Bitcoin would fit in when it is that scarce. Bitcoin is a very good asset, no doubt, but what I can see with the OP is the repetition of what we always hear about it. I hope the scarceness that might happen due to the limited supply helps forever, and that is if the demand is increasing. In the absence of that over time, it is another issue. Personally, I'm done comparing Bitcoin with anything, let Bitcoin be Bitcoin and other assets be other assets, because as many are saying the pros of it over other assets with a lousy mouth, the more I see the pros of other assets over it. Nevertheless, as a true investor, I do not discriminate, I love all. Have you seen how many trillions of dollars Gold garnered in a few months? It is about x4 the whole market cap of Bitcoin. What demand is more than that? I think guys should stop this comparison and enjoy their Bitcoin as Bitcoin.
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traderethereum
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April 09, 2024, 05:17:39 PM |
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When assets that provide benefits become scarcer, they will become more expensive. And that's what bitcoin is like. When there are still a lot of bitcoins, the price is not very expensive but when it becomes more difficult to get bitcoins, the price will start to rise. That is understandable because bitcoin has now become a rare asset. Not many people can own 1 BTC but they can still buy bitcoins with small amounts of money. That is an advantage for those who want to invest in bitcoin. And when the halving has passed, the price could increase even more. People will be increasingly eager to own more and more bitcoins. And that will make the price go up.
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ChiBitCTy
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April 09, 2024, 06:15:00 PM |
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As I've said a million times over on this website, it's important to always remember that bitcoin is inherently not an investment, but a mean so exchange that is decentralized and all that other good stuff. It's a great asset to have, and something that makes sense for most people to own in their investment portfolio, but it's important to make sure you can afford to put whatever percentage amount in that you do. It's volatile, so be wise/careful.
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Queentoshi
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April 09, 2024, 06:15:31 PM |
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I do not agree completely with this picture because Real Estate is a relatively good investment, Land availability is on the decrease and even if already existing structures are built to solve the issue of homelessness, the accommodation will quickly be all occupied because birth rate is high, and the population is increasing. So, because there will never be too much accommodation that no one needs it anymore, real estate will always remain a good investment like bitcoins.
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Obari
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April 09, 2024, 06:57:00 PM |
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It seems you’re already having the basic knowledge of the cryptocurrency industry and that’s a nice one and in everything we do, we should always remember to invest only what we can afford to lose as the market is actually a very volatile one and nothing is guaranteed and as such, you’re responsible for every action you take.
One major reason why bitcoin has stood out, it’s because it has proven itself over the years and still doing same till date and with the level of decentralization surrounding bitcoin, I thinks that’s enough reason to embrace it.
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Samlucky O
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April 09, 2024, 07:02:20 PM |
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Bitcoin is indeed the best asset to acquire In the history of man. All the illustrations you've given is actually true expecially the limited in supply of Bitcoin, which is a total of 21m in existence but 19million + in circulation. and remaining will be mines 120+ years from now. And also the halving which will make it more expensive. One of the most important thing I like about Bitcoin is that it is decentralized in nature, which means it is not controlled by any entity but depends on everyone in the blockchain (mode) and all transactions are stored in the blockchain together with the harsh which can not be manipulated, like the way centralised system will manipulate everything. So this is my reason for loving the cryptocurrency (BTC) another thing is that It last for as long as 100years and above, with all information stored in the blockchain but a centralised exchange may lose your information and may not have a proper or accurate information about your data. But Bitcoin transaction is store one the blockchain which can be retrieved by the transaction harsh at any given time.
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Cookdata
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
April 09, 2024, 07:44:49 PM |
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Further more in summary of what the image above portrays, based on the bitcoin halving Bitcoin becomes more scarce and it's value surges very high, therefore since we're in the season of the bitcoin halving investing in it currently seems like the best decision anyone could take currently, if you noticed many industrials and financial institutions are acquiring more Bitcoin currently instead of selling so it's in the best interest of individuals to take advantage of this information and invest on Bitcoin while it's not yet very late.
The place I bolded, you made it sound like it's an assurance. Just so you know, the price surge is as a result of speculation and not an assurance, don't get nuke and disappointed when you see halving happen tomorrow and Bitcoin price doesn't pump, because nothing is impossible with Bitcoin. However, history has made us believe that surge in price always occur because some how the miners need to be compensated for their security provided for Bitcoin but it's not guaranteed. 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.
At the bolded again, Bitcoin halving is not about increasing the price of.the Bitcoin, is about halving the block reward miners get for every block they find and this happen continuesly every 4 years but it's believe that after halving, Bitcoin do find a new all time high and then settle down at a support and if bad events happens to the crypto markets, it doesn't mean that the price might not crash below previous supports. Just be calculative if you are not a long term holder of Bitcoin.
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Alpha Marine
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April 09, 2024, 08:17:24 PM |
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The decentralized and limited supply nature of Bitcoin makes it so unique. Bitcoin being decentralized makes it very difficult to manipulate. If Bitcoin were a centralized currency, I don't think it would have survived long enough for the cryptocurrency industry to be as big as it is today and if it was a centralized currency, it would have a limited supply because the owners would want to make more money.
Despite all these unique features, the reason I'll take Bitcoin as the best investment is because of how easy it is to get and how you can get it with any little amount you have. You don't have to break the bank to own Bitcoin, and it's relatively easy to liquidate.
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Mpamaegbu
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April 09, 2024, 08:26:44 PM |
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I'm making my comment in response to the title, Re: Why is Bitcoin the best asset for investment currently? My emphasis is on the underlined. We can see Bitcoin as a lucrative investment now that things are looking up and it's majorly due to the recent events surrounding it.amd the expectation of halving in about 10 days today. Wait till the bear season sets in and you find Bitcoin unprofitable once again. ATM, Bitcoin is the darling of the people. On the other hand, I think what gives Bitcoin its value isn't that it's decentralized or because it has a limited supply pegged at 21million max. I think it's because of its committed and trusting community. Bitcoin has got massive support from its community; a community that was out to continually advertise it even when the public was doubtful of it, until it gained traction. That community is what has turned the beam on Bitcoin and its value to get others in.
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Rengga Jati
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April 09, 2024, 08:41:30 PM |
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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.
In general and simply, Bitcoin's limits are very limited. And so the value of Bitcoin will easily rise very drastically in the cycle [such as halving being one of them. And this year too, there will be a halving which is definitely what will make Bitcin grow even higher this year. but the problem is, many people think that Bitcoin is not real and cannot be held. That's why they don't believe in investing in things that don't even exist physically. And this kind of mindset often occurs. yeah, just fix it. The most important thing is that we enjoy what we do and also that we invest. Everything is actually of extraordinary value if you can really optimize it. So, let's just be smart about how to do it.
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LogitechMouse
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April 09, 2024, 08:48:12 PM |
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Re: Why is Bitcoin the best asset for investment currently? Simply because it's price increased so much compared to any other assets out there. What asset class can double or even triple it's price in just a span of 4 years? Gold can't do it, so does real estate or whatever assets out there. Only Bitcoin has done it that's why many are considering it "the best investment". It might be the best investment, but it can be the worst investment as well especially when it enters the bear season where Bitcoin most of the time losses around 70% to even 80% of it's peak price which causes investors to lose huge amounts of money. You said "it's value surges", and it's true, but maybe share as well that it's price goes down. Anyway, we are in Bitcointalk and for sure many users here will agree with what you said. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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MainIbem
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April 09, 2024, 08:59:30 PM |
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I must say now is not the right time to advise someone to go invest in bitcoin now that bitcoin is at the top level and you want to someone to invest, what if price falls below what they invested or if dip unimaginable what would be your fate after telling them to go invest in bitcoin. At first you should be able to tell them the risk involve before into choosing bitcoin as the best investment, usually during halving we always see drop in bitcoin price whereby making those who invested to nearly regret why holding that coin but after halving getting to the next year we often witness a huge increase in price.
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GbitG
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April 09, 2024, 09:01:18 PM |
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Hmm, this topic has been discussed too many times, but once again, I will also give my opinion on it. The success behind the Bitcoin rarity is quite simple. Decentralized, I think this is the reason that makes Bitcoin prominent. When Bitcoin was introduced, people liked its unique concept of being decentralized and above all its limited supply of Bitcoin. These are the reasons why Bitcoin started gaining fame among people, and Bitcoin was given the title of most trustworthy. Apart from this, many coins of the same concept have come out, but in the presence of Bitcoin, they have the status of a lay coin. Now there is some issue that makes a little bit of Bitcoin a little hazy in people's eyes, it is its fee, meaning a high fee can become a problem for people. became Now if someone wants to do a transaction and he pays a high amount of fee for it, then this is a little bad. Bitcoin is one of the best investment assets, and in my opinion, it can remain the emperor of finance for centuries due to its unique concept Is.
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Sanitough
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April 09, 2024, 09:03:07 PM |
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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](https://bitcointalk.org/Smileys/default/cheesy.gif) Bitcoin is known to be a get rich quick thing, somehow it’s partly true but certainly for long term investment, and not actually for a very short time duration. With that, bitcoin attracts a lot of investors even those big financial institutions that are currently investing in bitcoin hoping to get massive and ride the bull run season. And with the FOMOs all over the market, I believe new investors are still coming in the market so they can also take advantage while the market is still giving out opportunities to invest and enter the crypto market.
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The Cryptovator
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Signature Space For Rent
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April 09, 2024, 09:11:19 PM |
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One of the most important reasons why Bitcoin has become so popular is its limited supply. Everything is unlimited, but Bitcoin isn't. That's why the value of Bitcoin keeps increasing. As of now, a lot of institutional investors are investing in Bitcoin, pushing Bitcoin very hard. On the other hand, people nowadays are scared of the banking system and want to become their own bank. Of course, Bitcoin teaches us about financial freedom. So the decentralised behaviour of Bitcoin attracts a lot of investors very day. More people are coming to value increases; it's just not about the price chart.
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naira
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April 09, 2024, 09:34:52 PM |
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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.
I would still prefer to pay taxes with the cash in my wallet rather than using Bitcoin as a payment option. Even if the government legalizes it, I will still hold Bitcoin and give them fiat money. In times like these, facing the halving governments are paying attention to Bitcoin as a tool to increase revenue, perhaps they are seeing glimpses of it. Whatever policy is implemented, cash is the solution to paying taxes, we must keep Bitcoin safely, let it grow, especially since price fluctuations are increasingly profitable, of course it is better to give banknotes to tax collectors according to the system they believe in from the start. The alibi of accepting Bitcoin is like taking advantage of the momentum they want to take from us.
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GeorgeJohn
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April 09, 2024, 09:46:30 PM |
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All those things you mentioned so far those things basically is on the centralize, but I believe that why bitcoin is different from all of them it is because it is a decentralized digital currency, so I believe that Bitcoin it is a decentralized and nobody knows it documentation and the government cannot control it the way they control the list you mentioned above, the reason while more people are embracing bitcoin is because it can not be created but only because of its privacy, the privacy of bitcoin is what makes the people to embrace bitcoin and it's adoption. ~snip
"Why is Bitcoin the best asset for investment currently?" - maybe because this investment asset brings crazy returns, incomparable to the profits received from building real estate, issuing shares, printing fiat money, or mining gold. Bitcoin is the most talked about crypto asset for investment due to its hype. Long drops, sharp rises in value, intermediate oscillations similar to a roller coaster, multiple increases in price - all this doesn't leave ordinary people indifferent, for many of whom this is a ticket to a happy life, but few dare to take risks. Therefore, discussions about bitcoin don't stop, even in the central media. People's interest is not due to the reduction every 4 years in the amount of mined bitcoins, but due to the fact that this leads to an increase in price. People are attracted not by the limited bitcoin's emission, but by the speculative nature of this crypto asset. That is, the opportunity to buy cheaper and sell more expensive. I would say that most people don't care about the technical aspects of bitcoin. while bitcoin is exceptional is due to it can’t be controlled or regulate by government and among other digital currencies the privacy is higher than others privacy, the investment of Bitcoin may not give a profit a real estate may give because the price of bitcoin is unpredictable and the market can interchange at any given point in time, so that is while it's unique among others..but when you invest in bitcoin for long-term and you purchase when the price is dip it's when you will be of benefit during the bullrun, so the profit hits like jackpot price and it's reason while it's unpredictable. The major reason why Bitcoin is considered the best asset as far as investment is concerned is vast but the definition we give is based on how we know it and how it has helped us financially. Nevertheless, the reason why Bitcoin maintains its rank as the best investment asset is because of its consensus mechanism, decentralization in nature, divisible, mobility, limited supply, censorship resistance, antifragility to attack, volatility (which is what technically impacts the historical surge in the price of Bitcoin), etc.
The major reasons people see it as the best investment are the profitability, consensus mechanism, and decentralization.
the reason while people adopt Bitcoin, is base on individual mentality, because I know very well that decentralization should be one of people invest on Bitcoin, because that decentralized bitcoin is today is what makes it to have a privacy, so the privacy of bitcoin will determine and it's height of profitable when you invest on it is what makes people to like bitcoin..shall different people have different reasons while them involve themselves into cryptocurrency investment mostly bitcoin.
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Dr.Bitcoin_Strange
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April 09, 2024, 09:56:09 PM |
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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](https://bitcointalk.org/Smileys/default/cheesy.gif) To add to this, Bitcoin is the simplest asset that any kind of person can invest in because it is divisible; even a poor person can invest in Bitcoin. Meanwhile, to invest in real estate, one needs some significant amount of money, and one also needs some significant amount to invest in gold or stock. But with Bitcoin, someone can even buy as little as $1 worth of Bitcoin, but I am sure that no one can buy $1 of a real estate share, gold, or stock. Like you have said, people don't even need a long explanation as to why they must invest in Bitcoin. Anyone who doubts Bitcoin investment should just look at the price it started at in 2009 and the current price it has become. In a few years to come Bitcoin value will still increase more than what it is today. By the way, @Smack That Ace , what is cow season, am old school and not familiar with any of the trending slang.
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Vincom
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April 10, 2024, 12:14:04 AM |
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Some users and countries may think Bitcoin is an investment asset, but not all users and countries think the same thing, Bitcoin tends to be clarified as a trading asset or as a digital asset in digital payment methods, for example as is currently being done by the country of El Salvador.
The reason is based on the fact that Bitcoin tends to work more with a network system (peer to peer). Many people think that investment tends to be long-term, while trading tends to be more peer-to-peer, where while you are connected to a computer/laptop and the internet you are still safe to trade, as well as digital payment system methods.
Investment tends to focus on the long term, you wait too long for your investment to grow, unless it's like what's happening now with the halving, once every four years your investment will certainly be useful, However, not some investors think of Bitcoin as a digital asset that is traded short-term.
Different conditions will make users accept BTC for different purposes: payment, storage, investment, trading... Each person will find a value of BTC that suits their needs, but all those values exist based on the independent, decentralized and limited supply characteristics of BTC. Everyone can own and move BTC, that BTC will never be frozen by any government, and it is not easy to create more BTC in each block. Of course, some people don't care about these values. BTC is just a financial instrument that they can access to generate profits through short-term trading or long-term holding. The BTC market is free, users and investors themselves create new values for BTC, such as assets for spot BTC ETFs ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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“If you don't believe me or don't get it, I don't have time to try to convince you, sorry.” Satoshi Nakamoto
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