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Author Topic: Why I Prefer Bitcoin?  (Read 687 times)
Wildwest
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August 31, 2024, 06:37:43 AM
 #61

Several people are interested in Bitcoin as a digital investment for different reasons that we should understand, even though they have different opinions, but they all have the same goal of seeking profit from the crypto space. We cannot decide on interest ourselves because with high prices not everyone achieves what they want, bitcoin has achieved maximum results and even dominates the world of bitcoin in digital assets. There is no doubt that its popularity until this year is still the choice of investors as a promising future asset.

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Furious 7
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August 31, 2024, 01:45:24 PM
 #62


I urge you, consider switching to Bitcoin.
everyone has their own choices in finances, we cannot force them,
if one day there is a problem with BTC, can you be responsible for your invitation,
and it is undeniable that if you already know crypto, it will not be enough to have 1 type of crypto, there will definitely be many,
Indeed we cannot impose the will for everyone to be in bitcoin because something like this is not coercion so that all forms of choice must be based on the wishes of the person himself but in this case suggesting to be in bitcoin does not mean we impose the will because as a consideration of advice is just a situation where we provide the best option to do as for when our advice is accepted or not it depends on those we advise because for each choice it depends on their respective perspectives and we cannot intervene further about the choices they make.

For the problem of one person not only being in one coin, it also depends on determination and desire because until now we can still find that there are some people who remain in bitcoin alone without altcoins even though most people do it in both but there are still those who cling to being in bitcoin alone without any other coins of their choice.

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August 31, 2024, 02:19:39 PM
 #63

Different persons have different passion of accepting Bitcoin or preferring Bitcoin for investment like me I prefer Bitcoin because bitcoin does not have a third party when it comes for investment but some persons accept Bitcoin based on they have seen that in the price of Bitcoin always Skyrocket in the market that is why some of them accept a Bitcoin from my own observation and research towards Bitcoin, I will say that we have a different conception and different understanding of liking Bitcoin and also investing on it, it may be that we may like to invest in Bitcoin based on the volatility that we find in Bitcoin as a cryptocurrency and other persons may like bitcoin based on the increment level then found in it

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August 31, 2024, 02:20:36 PM
 #64

It's impossible to say what originally attracted so much attention to Bitcoin. However, the way Bitcoin is gradually gaining popularity, its demand will be at the top as the digital gold of the future world. At some point in the future people will start competing to hoard bitcoins and it will happen that whoever has more digital gold i.e. bitcoins will be considered as more powerful and wealthier people. The importance of using Bitcoin is increasing day by day and as it is completely inflation free, its impact on the economy is never negative.  As a result, people get more benefits by investing in Bitcoin instead of keeping money in the bank.

R


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retreat
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August 31, 2024, 05:12:36 PM
 #65

It seems like everyone involved in this forum has already chosen Bitcoin, whether it's because of the freedom, decentralization, increased privacy, and all the other things that Bitcoin offers. And moreover, when you choose Bitcoin it doesn't mean you have to give up fiat or banking, you know that most of our real world needs are still tied to fiat and banking, like it or not you can't replace them completely. I know that you want to campaign about how one can get various benefits from switching to Bitcoin and why one should choose it, but you don't seem to need to say that on this forum because 99% of the people here have already chosen Bitcoin - and there are some misconceptions about what you are saying, so if you said it outside of this forum people would probably think you are delusional.

R


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August 31, 2024, 05:24:16 PM
 #66

The world is harsh, and they always come after those who think differently. Never doubt that. Hence, it is crucial to encrypt and protect yourself, minimize your exposure on social media, and find solace in the privacy of the night.

I urge you, consider switching to Bitcoin.

The world is cruel and very manipulative which is why we need to protect privacy at all cost but as much as I see that Bitcoin has been a saving grace for all of us to use it and send value from one person to another, we are doing worst of breaking privacy in another form which is the use of Social media. Literally almost all the social media platforms have artificial intelligence embedded on their platforms and people are using it not knowing it's there data that are been toyed with.

The social media is too far, Bitcoin it's self is not been used the proper way. People prefer to use centralized exchanges to hold their coin than to use their own personal wallet and you wonder if people really understand what Bitcoin is about and how to maximize its full potential. Only people which ofcourse are the pioneer of Bitcoin and maxis still cares about all you have mentioned, you never see them online with their images or details, privacy at its peak always.

R


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August 31, 2024, 08:01:18 PM
 #67

It's impossible to say what originally attracted so much attention to Bitcoin. However, the way Bitcoin is gradually gaining popularity, its demand will be at the top as the digital gold of the future world. At some point in the future people will start competing to hoard bitcoins and it will happen that whoever has more digital gold i.e. bitcoins will be considered as more powerful and wealthier people. The importance of using Bitcoin is increasing day by day and as it is completely inflation free, its impact on the economy is never negative.  As a result, people get more benefits by investing in Bitcoin instead of keeping money in the bank.
Today more people are hoarding bitcoin because they have an interest in the price of bitcoin not in its direct use, they trade bitcoin and consider bitcon as an investment asset in today's digital assets that have the clearest fundamentals and are very interested.

As in general Bitcoin is an asset that has unstable price fluctuations, and whether it is profitable or not, you have to think about the projections of the trading market when there are profits there will be losses, the people who lose are the people who buy at the top and they get out of bitcoin, and the people who profit from bitcoin are those who buy and then hold on until the purchase price becomes a low price of the market price.

But I want to understand from your sentence about that bitcoin has nothing negative to the economy, what are the underlying reasons and factors that make you speculate like that, I am very curious.

It seems like everyone involved in this forum has already chosen Bitcoin, whether it's because of the freedom, decentralization, increased privacy, and all the other things that Bitcoin offers. And moreover, when you choose Bitcoin it doesn't mean you have to give up fiat or banking, you know that most of our real world needs are still tied to fiat and banking, like it or not you can't replace them completely. I know that you want to campaign about how one can get various benefits from switching to Bitcoin and why one should choose it, but you don't seem to need to say that on this forum because 99% of the people here have already chosen Bitcoin - and there are some misconceptions about what you are saying, so if you said it outside of this forum people would probably think you are delusional.
Balance in this case needs to be shown also in the form of their respective conditions, maybe if we assume in countries that already support payments or transactions with goods using bitcoin, this is quite logical because there is no need to save fiat, but only a few countries allow transactions using bitcoin, therefore tips require saving fiat money as well because our needs are bought with fiat money, so there needs to be money management, and bitcoin becomes an alternative investment for us.

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August 31, 2024, 08:49:36 PM
 #68

Investors are always looking for more profit. When Bitcoin increased from $10k to $60k, many people became interested in Bitcoin for a big profit. Also, its decentralization is one of the features that governments fear. According to the new news from Pavel, the price of Ton has decreased and if Pavel's accusations are revealed, the Ton network will definitely lose many of its users. That's why we have to thank Satoshi for his disappearance.

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September 01, 2024, 09:20:23 PM
 #69



I urge you, consider switching to Bitcoin.

You are on a pure bitcoin forum, bitcoin is the most discussed coin here so advising people to choose bitcoin is unnecessary. If you can share these on other forums or on social media, I think it would be helpful because you are contributing to making bitcoin more popular.

One thing I see is that people always give a lot of reasons why they like and choose bitcoin but I believe most of them focus on profit more than anything else. I wonder if bitcoin becomes stable, no longer generates profit and is only used as a P2P currency. How many people will continue to claim to stick with it?
Just because someone is on this forum doesn’t necessarily mean they own bitcoins, although it’s quite common. There are cases where people use it solely for transactions. I want to convey that owning bitcoin means having a strong hand, being fully committed to bitcoin
Ops may be right if he chose to advice forum members to own bitcoin at the end of his statement, because not everyone here into he forum own bitcoin, and at most not everyone take they bitcoin journey serous by taking the step to protect themselves from whatever challenges that may be faced with they bitcoin journey, although also we have to acknowledge the fact that this forum is a bitcoin discussion forum and at most we are well grounded with the knowledge of that as for members of the forum and also using that knowledge to guide and protect ourselves along the line.

First to have the best of experience with Bitcoin, the entry point in investing in bitcoin matters and for such it is important to take note of basic information that can protect your bitcoin holdings both in the long term and the short term basis.

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September 01, 2024, 11:25:55 PM
 #70

I prefer Bitcoin not merely for its value, acceptance, or trendiness, nor do I favor it simply for being Bitcoin. I am drawn to Bitcoin for the security, freedom, and privacy it offers. I also appreciate aspects such as elliptic curve cryptography, encryption, and Monero, though I understand you might not grasp all of this. Therefore, when I refer to Bitcoin, I am encompassing all of these elements.

Bitcoin represents a way of life, one that involves enduring ridicule and being labeled as a fool, fraud, or even a drug dealer. Living with Bitcoin is a long-term bet, spanning 5, 10 years, or even more. It means being a holder in the vast expanse of the world, earning respect through your commitment.

You must understand that your money is your own, and it matters to no one else—neither to your partner nor to the state. It is hard-earned and well-deserved. Why would you hand over money to the government that cost you so much and so little to them? Why divulge your personal information on Instagram only to be bombarded with advertisements moments later?

The world is harsh, and they always come after those who think differently. Never doubt that. Hence, it is crucial to encrypt and protect yourself, minimize your exposure on social media, and find solace in the privacy of the night.

I urge you, consider switching to Bitcoin.

The only thing I know about Bitcoin is that it gives us full control over this asset that no one can take away from us; in short, the decentralized nature that Bitcoin has.

Even the government has no ability to control bitcoin. This is one of the things that I really liked, and we may become anonymous, but only in terms of privacy through the address.

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September 01, 2024, 11:31:41 PM
 #71

If the early miners and holders of Bitcoin from day one had known its value today, they wouldn’t have made mistakes like selling it too early or losing it.
For them, at the time, it was difficult to hold on to their Bitcoins.
I don't want this to sound like a religious sermon, nor do I want to be criticized for preferring Bitcoin, talking about it, and understanding it the way I do.
It's clear that Bitcoin is a store of value, and it's clear that it's digital gold.
However, Bitcoin requires responsibility. And at this point, a key concept for me comes into play: austerity.
This means reducing expenses and stabilizing lifestyles.BTC
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September 02, 2024, 12:40:46 AM
 #72

It seems like everyone involved in this forum has already chosen Bitcoin, whether it's because of the freedom, decentralization, increased privacy, and all the other things that Bitcoin offers. And moreover, when you choose Bitcoin it doesn't mean you have to give up fiat or banking, you know that most of our real world needs are still tied to fiat and banking, like it or not you can't replace them completely. I know that you want to campaign about how one can get various benefits from switching to Bitcoin and why one should choose it, but you don't seem to need to say that on this forum because 99% of the people here have already chosen Bitcoin - and there are some misconceptions about what you are saying, so if you said it outside of this forum people would probably think you are delusional.
I also think Bitcoin will become more popular and will look as valuable digital asset in coming future. As people learn about it they will want to own more of it and those with most Bitcoin will look as wealthiest persons. Bitcoin is special because its value can not be reduced by inflation and there is only limited amount of it. This makes it better choice than traditional money which can lose value. Investing in Bitcoin seems like good idea because it is safer place to put your money than bank.

But we should keep in mind that investing in Bitcoin can be risky. Its value can go up and down and governments might make rules that affect it. But Bitcoin has potential to change way we think about money and provide secure way to store value.

R


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September 02, 2024, 01:52:54 AM
 #73

It's clear that Bitcoin is a store of value, and it's clear that it's digital gold.
However, Bitcoin requires responsibility. And at this point, a key concept for me comes into play: austerity.
This means reducing expenses and stabilizing lifestyles.BTC

I think the main factor is in the Value. Even I am like that.  Bitcoin's good history and constant iteration made me even more excited to collect more. The cycle on candlesticks has provided a good picture for Bitcoin holders. They are very confident that the value will continue to rise.
The crypto industry has grown very quickly, although the current conditions are very different from the original goal of Bitcoin's creators. Bitcoin is the oldest coin that continues to have special value even though some of the weaknesses of scalability problems have not been solved to date.

R


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September 02, 2024, 03:19:17 AM
 #74

I think the main factor is in the Value. Even I am like that.  Bitcoin's good history and constant iteration made me even more excited to collect more. The cycle on candlesticks has provided a good picture for Bitcoin holders. They are very confident that the value will continue to rise.
Each Bitcoin market cycle is different than others. We can see fractals but between two similar cycles, we always can find differences that are small or big. Understand about market cycle can help us to be more confident and plan our investment better but if we believe that a current cycle will repeat 100% a past cycle, we can feel panic if the market moves a little bit different and we turn to uncertain with our investment plan.

Quote
The crypto industry has grown very quickly, although the current conditions are very different from the original goal of Bitcoin's creators. Bitcoin is the oldest coin that continues to have special value even though some of the weaknesses of scalability problems have not been solved to date.
If you want to use Bitcoin blockchain too often, you can feel disappointed with transaction fee even it is better recent weeks than months ago when Ordinals, Runes hypes caused mempools very congested and transaction fees consequently were very expensive for normal users.

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September 02, 2024, 09:22:57 AM
 #75

I think the main factor is in the Value. Even I am like that.  Bitcoin's good history and constant iteration made me even more excited to collect more. The cycle on candlesticks has provided a good picture for Bitcoin holders. They are very confident that the value will continue to rise.
That's right because if we talk about value, every day Bitcoin will continue to be something that is sought after and how Bitcoin can provide certainty about value that does not depreciate even if it is stored for the long term. This kind of thing affects a person's mindset in holding because Bitcoin is one of the best investments ever.

The crypto industry has grown very quickly, although the current conditions are very different from the original goal of Bitcoin's creators. Bitcoin is the oldest coin that continues to have special value even though some of the weaknesses of scalability problems have not been solved to date.
The development of the crypto industry cannot be separated from the role of Bitcoin and this trust arises because Bitcoin has positioned itself as the best investment. This positive value continues to grow in the crypto industry, although it is not the only reason, but Bitcoin's role is large in creating trust in the crypto industry in general.

Today what causes people to enter the crypto industry and I think most are influenced by the desire to have bitcoin. Even though in practice some people see the potential in other coins to generate profits, the investment they hold still has one name, namely Bitcoin.

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September 02, 2024, 11:26:33 AM
 #76

If you want to use Bitcoin blockchain too often, you can feel disappointed with transaction fee even it is better recent weeks than months ago when Ordinals, Runes hypes caused mempools very congested and transaction fees consequently were very expensive for normal users.

Even though it's true that many other blockchains and networks might have lower transaction fees, it would be misleading to say that Bitcoin transaction fees are mostly disappointing because that's not true. You said it yourself that the fees go very high when the network is congested, but in normal times, the fees are pretty low and someone who transacts quite large amounts on a daily basis will not find them disappointing, I'm sure.

Today what causes people to enter the crypto industry and I think most are influenced by the desire to have bitcoin. Even though in practice some people see the potential in other coins to generate profits, the investment they hold still has one name, namely Bitcoin.

Well, things are changing, to be honest. Most people these days are entering the market through newly launched cryptocurrencies and meme coins because they feel they can generate more profit for them in the short term. I know that their ultimate destination can be Bitcoin, once they lose money, get disheartened, and if they don't leave the market after that, they will get into Bitcoin for sure, but it might not be the first choice for many investors these days, unfortunately.

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September 02, 2024, 11:50:23 AM
 #77

I urge you, consider switching to Bitcoin.
Do you know that those who knows the benefits of bitcoin doesn't wait to get started or being triggered by someone to invest either switched to it. I believe those who chose their own ways to invest in bitcoin never made the wrong decisions rather they understand the importance and the true value of holding bitcoin to any other coin out there. Bitcoin is the most valuable digital coin out there compared to any other currencies and people won't stop using it for its uniqueness.

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September 02, 2024, 04:30:33 PM
 #78

You must understand that your money is your own, and it matters to no one else—neither to your partner nor to the state. It is hard-earned and well-deserved. Why would you hand over money to the government that cost you so much and so little to them? Why divulge your personal information on Instagram only to be bombarded with advertisements moments later?

The world is harsh, and they always come after those who think differently. Never doubt that. Hence, it is crucial to encrypt and protect yourself, minimize your exposure on social media, and find solace in the privacy of the night.

I urge you, consider switching to Bitcoin.

What you just said is what privacy should be about but half of people that own and buy Bitcoin don't practice this. They are not seeing Bitcoin from the privacy angle but from the investment perspective, general public cares more about what Bitcoin offer to the table rather than the technological aspect embedded in its privacy that's why you see people all over social media posting their Bitcoin investment and some screenshot about their Bitcoin growth and I don't blame them though, it's the life they are used to.

Not everyone might agree as you said but the thing is that I like it when I see people use Bitcoin, they might not 100% understand Satoshi Vision but atleast the mission is going well. If Bitcoin becomes massively own by many people across the world, the right message will be pass but I hope it's never too late to share some other vital informations about Bitcoin to people especially the privacy aspects.

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September 02, 2024, 07:23:42 PM
 #79

Besides everything, Bitcoin Blockchain is the most secured blockchain, this is what makes Bitcoin different from thousands of shitcoins. Even though there are a lot of shitcoins on the cryptocurrency market, in security terms, they can't compete with Bitcoin. For me, the freedom of financial life I am enjoying is just for Bitcoin. I don't have to follow any rules when I want to spend my bitcoin. Bitcoin helps each of us in different ways. For me, it's financial freedom and earning from home. When I prefer Bitcoin to someone else, I describe these two important points as well. 

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September 02, 2024, 08:09:10 PM
 #80

I prefer Bitcoin not merely for its value, acceptance, or trendiness, nor do I favor it simply for being Bitcoin. I am drawn to Bitcoin for the security, freedom, and privacy it offers.

Every right thinking person who come across this about bitcoin will then wish to adopt bitcoin because it has answer to most of the economy situation of life, anyone that does not want to have a rising BP will maintain his lane on bitcoin only, except for high risk takers who think they have got all it require to go for alts.

I urge you, consider switching to Bitcoin.

Its not a must to urge anyone, its their decision because its part of the freedom, some may wish to learn from others mistakes while some from theirs.

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