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Author Topic: Bitcoin still remain my choice.  (Read 592 times)
OfficialGratejoy (OP)
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February 06, 2025, 11:14:23 AM
 #1

Let me  just go on a short Bitcoin volatile history,but you can still carry out your own research for more clarity.
Let me start by saying this,since bitcoin was first introduced,bitcoin has had a chopy and volatile trading history.bitcoin was designed to be use as currency in daily transactions.bitcoin's price is a product of demand,supply and market sentiment.and let me also remimd you that bitcoin is a cryptocurrency which investors have also used it to store value and hedge against inflation.
I'm now concluding with this,among all crypto asset classes,bitcoin have more volatile trading history.
HajiBagi
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February 07, 2025, 08:08:22 PM
 #2

Let me  just go on a short Bitcoin volatile history,but you can still carry out your own research for more clarity.
Let me start by saying this,since bitcoin was first introduced,bitcoin has had a chopy and volatile trading history.bitcoin was designed to be use as currency in daily transactions.bitcoin's price is a product of demand,supply and market sentiment.and let me also remimd you that bitcoin is a cryptocurrency which investors have also used it to store value and hedge against inflation.
I'm now concluding with this,among all crypto asset classes,bitcoin have more volatile trading history.

I don't know the future but as for now Bitcoin is the best investment ever, Bitcoin is an investment that can help people when it comes to saving money and after saving you will get more than what you save at the end, we have seen many investments but Bitcoin is different from them, Bitcoin is an investment that is very good and strength forward, although it is also unpredicted investment it is very difficult to see investors panicking about Bitcoin that they lost their money when they invest in Bitcoin, the only time you see someone Panicing about Bitcoin is when the person didn't hold for a good time.

I didn't see Bitcoin as only investment, I see Bitcoin as another way of changing your future if you are capable because you have to be capable of investing in Bitcoin, you can invest in other coins and doubt if the future is going to be good or not but when it comes to Bitcoin you don't need to doubt because at any time Bitcoin price can rise and you can get 4 to 5 times of what you invest in Bitcoin.

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February 07, 2025, 09:27:56 PM
Merited by Odogwu-Blockchain (2)
 #3

~
All the people quick to claim that Bitcoin remains their number one choice will not decline or turn away from an opportunity to invest in any new token or altcoin that has the hype of many people. People claim love for bitcoins, but sometimes e dey be me like say na for only mouth people get this love. Bitcoin na the best for the now, but man still keep e mind open for new opportunities wey fit come from other sectors. Crytocurrency na wide place, as far as bitcoin dey trusted, nor be the only opportunity wey dey inside.

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Futurexxx
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February 07, 2025, 09:41:31 PM
 #4

~
All the people quick to claim that Bitcoin remains their number one choice will not decline or turn away from an opportunity to invest in any new token or altcoin that has the hype of many people. People claim love for bitcoins, but sometimes e dey be me like say na for only mouth people get this love. Bitcoin na the best for the now, but man still keep e mind open for new opportunities wey fit come from other sectors. Crytocurrency na wide place, as far as bitcoin dey trusted, nor be the only opportunity wey dey inside.
As funny as it sounds, most of these guys in this forum that is an advocate of Bitcoin, guys that knows how risky investment in alt and meme coin are, are still investing heavily on alt and meme coin due to greed of 10x to 100x, sometimes I really don't blame them because the condition of the country's economy has made people to be impatient, they just want to make money quick and sort out some pressing financial needs, which most times they get into a very tight Conner when investing in these alt and meme coin, but as for me, due to the kind of breakfast that I have eaten from alt and meme coin, I wouldn't be stupid enough to make such mistake again, it's either Bitcoin or nothing, I am not interested in taking any risk again on alt or meme coin.

SuperBitMan
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February 08, 2025, 07:21:27 AM
Merited by Mayor of ogba (2)
 #5

Let me  just go on a short Bitcoin volatile history,but you can still carry out your own research for more clarity.
Let me start by saying this,since bitcoin was first introduced,bitcoin has had a chopy and volatile trading history.bitcoin was designed to be use as currency in daily transactions.bitcoin's price is a product of demand,supply and market sentiment.and let me also remimd you that bitcoin is a cryptocurrency which investors have also used it to store value and hedge against inflation.
I'm now concluding with this,among all crypto asset classes,bitcoin have more volatile trading history.

Bitcoin is a highly volatile coin however it volatility those not stop it from growing, if you check the history of Bitcoin you will discover that volatility has been part of Bitcoin for a very long time and it has not been a problem to it, some set of people they don't understand this especially newbies into Bitcoin investment when ever they see a dip in Bitcoin they begin to panic and that is because they don't know the history of Bitcoin investment and that is why is very important to know the history of what ever thing you want to go into, I know of someone who was accumulating Bitcoin and holding and he had a plan of holding it for years however there was a great dip that happened in Bitcoin he became so scared and sold all his Bitcoin, we all should know and understand that volatility is part of Bitcoin and it's those not stop Bitcoin from growing, shitcoins should be avoided because shitcoins when they dip it remains like that and some will keep going down, volatility affect shitcoins very well but not Bitcoin as an investor when ever there's a dip in Bitcoin is an opportunity for you to accumulate more Bitcoin with less price.

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DragonF
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February 08, 2025, 07:23:56 AM
 #6

Despite the fact that bitcoin's price is volatile, it has shown promise. Even when the value drops, it will eventually rise, and traders see this dip as an opportunity to buy more bitcoin and hodl. Most traders are more comfortable storing bitcoin than storing altcoins.
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February 08, 2025, 09:51:10 AM
 #7

Let me  just go on a short Bitcoin volatile history,but you can still carry out your own research for more clarity.
Let me start by saying this,since bitcoin was first introduced,bitcoin has had a chopy and volatile trading history.bitcoin was designed to be use as currency in daily transactions.bitcoin's price is a product of demand,supply and market sentiment.and let me also remimd you that bitcoin is a cryptocurrency which investors have also used it to store value and hedge against inflation.
I'm now concluding with this,among all crypto asset classes,bitcoin have more volatile trading history.
I don't know what to make of this post but the truth is that Bitcoin is the pioneer cryptocurrency and have remained an upward trend with minor corrections once in a while. Volatility is not only reserved for Bitcoin because everything that has buying and selling is volatile because of speculators. If you think Bitcoin is volatile, that is because you have not tried trading some memcoins that can move thousands of pips within an hour and God help you if you find yourself in the wrong side of the market.

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February 08, 2025, 09:56:32 AM
 #8

Let me  just go on a short Bitcoin volatile history,but you can still carry out your own research for more clarity.
Let me start by saying this,since bitcoin was first introduced,bitcoin has had a chopy and volatile trading history.bitcoin was designed to be use as currency in daily transactions.bitcoin's price is a product of demand,supply and market sentiment.and let me also remimd you that bitcoin is a cryptocurrency which investors have also used it to store value and hedge against inflation.
I'm now concluding with this,among all crypto asset classes,bitcoin have more volatile trading history.
The research on the background of the first launch of Bitcoin is that Satoshi discovered it in 2009 and he is one of the most successful entrepreneurs in the world. It was a direct response to the financial crisis in 2008, which was to provide independent financial capabilities to people of any income against a centralized financial system. Designed for daily transactions it has actually become an investment vehicle.

Although Bitcoin initially had little value, over time it has become a store of value and small investors are getting ownership through fractional purchases and holding it in stages, positioning themselves in the ranks of wealthy investors. You may not get much benefit from it through short-term trading. To be a successful investor you have to try to get a portfolio through long-term accumulation.

You said about the supply of Bitcoin I think its price tends to increase day by day due to its limited supply in the world. And small investors like us have the opportunity to make financial efforts and increase wealth in the future.

It can make you more knowledgeable about Bitcoin: https://crypto.com/bitcoin/why-was-bitcoin-created

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February 17, 2025, 01:34:57 PM
 #9

Undoubtedly Bitcoin is still one of the best choices one can make when it comes to investments because Bitcoin as a crypto currency has really become a house own name due to the fact that it has really helped a lot of people getting a stable financial life as investments in Bitcoin is one of the best in terms of cashout due to it fast growth rate if there is anything that one should prioritize them it should be Bitcoin because the future of Bitcoin holds promise for any that hodls it as an asset
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February 17, 2025, 01:59:32 PM
 #10

Base on the volatile history of bitcoin we came to understand that, bitcoin is a volatile asset by nature, which a decrease in price must surely take place, so as an investor who understand that bitcoin is one of best investment right now and holding unto your bitcoin for a long period of time we be more profitable, then I don't see any reason to panic when a dip accure in bitcoin price, because a dip in bitcoin can never stop bitcoin from growing, just keep on accumulating bitcoin and hold and forget about the dip.

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February 17, 2025, 02:59:48 PM
 #11

Let me  just go on a short Bitcoin volatile history,but you can still carry out your own research for more clarity.
Let me start by saying this,since bitcoin was first introduced,bitcoin has had a chopy and volatile trading history.bitcoin was designed to be use as currency in daily transactions.bitcoin's price is a product of demand,supply and market sentiment.and let me also remimd you that bitcoin is a cryptocurrency which investors have also used it to store value and hedge against inflation.
I'm now concluding with this,among all crypto asset classes,bitcoin have more volatile trading history.
Almost every commodity on the market does have that chopy pattern on the charts as the market never moves a straight up or all straight down so it's not seen with bitcoin alone but even with other market form.

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February 17, 2025, 03:38:07 PM
 #12

~
All the people quick to claim that Bitcoin remains their number one choice will not decline or turn away from an opportunity to invest in any new token or altcoin that has the hype of many people. People claim love for bitcoins, but sometimes e dey be me like say na for only mouth people get this love. Bitcoin na the best for the now, but man still keep e mind open for new opportunities wey fit come from other sectors. Crytocurrency na wide place, as far as bitcoin dey trusted, nor be the only opportunity wey dey inside.
As funny as it sounds, most of these guys in this forum that is an advocate of Bitcoin, guys that knows how risky investment in alt and meme coin are, are still investing heavily on alt and meme coin due to greed of 10x to 100x, sometimes I really don't blame them because the condition of the country's economy has made people to be impatient, they just want to make money quick
you cant entirely blame most of them because most of them are usually newbies that don't know much about the system and often times mistake everything in the crypto space to be of the same nature as bitcoin which is the reason why they choose to go into some meme coin and even make the mistake of holding it for the long term.

those kind of mistakes na normal thing when a lot of people don make but wetin de be say when you don get enough knowledge when the forum be one good place to gather that kind level of knowledge, you fit stick to bitcoin and flee from any other thing that stands to land you for losses. all crypto de volatile and of them all, na bitcoin be the less volatile when in the long run tend to only go towards the upward direction rather than going down. that makes it the best option when any investor need consider to buy into.

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February 17, 2025, 03:43:05 PM
 #13

Let me  just go on a short Bitcoin volatile history,but you can still carry out your own research for more clarity.
Let me start by saying this,since bitcoin was first introduced,bitcoin has had a chopy and volatile trading history.bitcoin was designed to be use as currency in daily transactions.bitcoin's price is a product of demand,supply and market sentiment.and let me also remimd you that bitcoin is a cryptocurrency which investors have also used it to store value and hedge against inflation.
I'm now concluding with this,among all crypto asset classes,bitcoin have more volatile trading history.

I can agree that Bitcoin is volatile considering it's adoption rate, and the number of traders constantly active to trade on a daily base. But not as volatile as some of these shitty coins we've today that can turn into dust in a blink of an eye. Bitcoin has a very crazy supply and demand rate, which keeps helping it to create more liquidity. Even Bitcoin's market cap compared to the others has a very strong margin, so even to the least investor has nothing much to fear, compare to when he/she invest in some meme.

And you pointed out that investors use Bitcoin as a store of value. Well, it kind of fit that description, but is Bitcoin actually a store of value?. From what I know, anything with store of value is something that can retain it's worth or purchasing power over time, but Bitcoin happens to beat that description, as it doesn't only retain it's value, but it also increase in value as well. Another phrase might just sound cool, rather than the "store of value".

R


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February 17, 2025, 04:11:12 PM
 #14

~
All the people quick to claim that Bitcoin remains their number one choice will not decline or turn away from an opportunity to invest in any new token or altcoin that has the hype of many people. People claim love for bitcoins, but sometimes e dey be me like say na for only mouth people get this love. Bitcoin na the best for the now, but man still keep e mind open for new opportunities wey fit come from other sectors. Crytocurrency na wide place, as far as bitcoin dey trusted, nor be the only opportunity wey dey inside.

Bitcoin na the main cryptocurrency wey you go invest into and you no go too dey fear say your investment go fail. Na long time investment and for many years e don prove himself to be the worthy investment wey people go fit diverge into as far as the cryptocurrency industry is concerned. I have longed seen how the bitcoin market dey work and how e take they transgress along the price chart and e don already prove itself to be the best among all other investment for cryptocurrency. Other altcoins dey wey dey volatile too, but none of them fit compete for where bitcoin dey in term of people dey use, store and trust am for their investment purposes.

And you pointed out that investors use Bitcoin as a store of value. Well, it kind of fit that description, but is Bitcoin actually a store of value?. From what I know, anything with store of value is something that can retain it's worth or purchasing power over time, but Bitcoin happens to beat that description, as it doesn't only retain it's value, but it also increase in value as well. Another phrase might just sound cool, rather than the "store of value".

You are right and the OP is also right in his description of what bitcoin is today. As a store of value, it retains a lot of worthiness for it in the long term while still experiencing volatility which makes the price to increase and sometime decrease. But ultimately, despite the volatility nature of the market that bitcoin faces, it increment as a store of value due win in the end which is most important.


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February 17, 2025, 04:20:15 PM
 #15

~
All the people quick to claim that Bitcoin remains their number one choice will not decline or turn away from an opportunity to invest in any new token or altcoin that has the hype of many people. People claim love for bitcoins, but sometimes e dey be me like say na for only mouth people get this love. Bitcoin na the best for the now, but man still keep e mind open for new opportunities wey fit come from other sectors. Crytocurrency na wide place, as far as bitcoin dey trusted, nor be the only opportunity wey dey inside.
As funny as it sounds, most of these guys in this forum that is an advocate of Bitcoin, guys that knows how risky investment in alt and meme coin are, are still investing heavily on alt and meme coin due to greed of 10x to 100x, sometimes I really don't blame them because the condition of the country's economy has made people to be impatient, they just want to make money quick
you cant entirely blame most of them because most of them are usually newbies that don't know much about the system and often times mistake everything in the crypto space to be of the same nature as bitcoin which is the reason why they choose to go into some meme coin and even make the mistake of holding it for the long term.

those kind of mistakes na normal thing when a lot of people don make but wetin de be say when you don get enough knowledge when the forum be one good place to gather that kind level of knowledge, you fit stick to bitcoin and flee from any other thing that stands to land you for losses. all crypto de volatile and of them all, na bitcoin be the less volatile when in the long run tend to only go towards the upward direction rather than going down. that makes it the best option when any investor need consider to buy into.

Tell me why person no go love Bitcoin pass any other cryptocurrencies? Yes, i know say some new projects they come with lots of opportunities for instance Trump coin, when eh been lunch but currently, how far? Shitcoins no be wetin person supposed put hope on cause same wey dem dey pump high (20x, 30x, 40x, 100x 1000x) na so them dey carry dump too so eh they very risky and people supposed thread them with caution. Bitcoin na the only coin wey person fit invest heavily on without regretting, person no gats dey monitor the market everytime to know when to stop lose or collect profits, just to buy am alone, them hold for long period, you dey sure of making profits, now tell me why person no go love that kind coin pass others wey you fit buy now then lose everything within days or weeks time. Although some people just dey cap concerning their love for Bitcoin yet dem no dey invest or hold but then Bitcoin still remain the best coin wey anybody fit put body inside.

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February 20, 2025, 12:25:08 AM
 #16

Let me  just go on a short Bitcoin volatile history,but you can still carry out your own research for more clarity.
Let me start by saying this,since bitcoin was first introduced,bitcoin has had a chopy and volatile trading history.bitcoin was designed to be use as currency in daily transactions.bitcoin's price is a product of demand,supply and market sentiment.and let me also remimd you that bitcoin is a cryptocurrency which investors have also used it to store value and hedge against inflation.
I'm now concluding with this,among all crypto asset classes,bitcoin have more volatile trading history.

Bitcoin is a highly volatile coin however it volatility those not stop it from growing, if you check the history of Bitcoin you will discover that volatility has been part of Bitcoin for a very long time and it has not been a problem to it, some set of people they don't understand this especially newbies into Bitcoin investment when ever they see a dip in Bitcoin they begin to panic and that is because they don't know the history of Bitcoin investment and that is why is very important to know the history of what ever thing you want to go into, I know of someone who was accumulating Bitcoin and holding and he had a plan of holding it for years however there was a great dip that happened in Bitcoin he became so scared and sold all his Bitcoin, we all should know and understand that volatility is part of Bitcoin and it's those not stop Bitcoin from growing, shitcoins should be avoided because shitcoins when they dip it remains like that and some will keep going down, volatility affect shitcoins very well but not Bitcoin as an investor when ever there's a dip in Bitcoin is an opportunity for you to accumulate more Bitcoin with less price.
Bitcoin has always and will remain the choice of everyone, in as much as it is safe, decentralized, volatile and secure , Bitcoin has saved a lot of countries from financial freedom and poverty, if not many countries would have being living below standard of livelihood.
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February 20, 2025, 12:49:11 AM
Merited by fredericktaylor (4)
 #17

Let me  just go on a short Bitcoin volatile history,but you can still carry out your own research for more clarity.
Let me start by saying this,since bitcoin was first introduced,bitcoin has had a chopy and volatile trading history.bitcoin was designed to be use as currency in daily transactions.bitcoin's price is a product of demand,supply and market sentiment.and let me also remimd you that bitcoin is a cryptocurrency which investors have also used it to store value and hedge against inflation.
I'm now concluding with this,among all crypto asset classes,bitcoin have more volatile trading history.
I would say that the volatility of Bitcoin is the main reason for the interest in Bitcoin. If Bitcoin were not volatile, how would people's investment demand for Bitcoin increase? Bitcoin has become the main reason for everyone's interest today because of its volatility. Everyone wants to profit. Where there is an opportunity for profit, some people will definitely flock there.

Today, Bitcoin is not only limited to the individual level. Institutional investors are very keen to invest here, and governments have also chosen Bitcoin as a means to get rich. Major countries in the world, including America, El Salvador are now looking at Bitcoin as their major investment. Moreover, has the constant increase in the price of Bitcoin discouraged people from investing? it made Bitcoin even more valuable.

Small and ordinary investors who do not have a long-term plan may be harmed by Bitcoin investment, but those who have set a goal and only increase their investment in Bitcoin and hold Bitcoin for the long term will definitely benefit more from Bitcoin.

There are many who want to take risks, many of them are interested in investing in various cryptocurrencies, but cryptocurrencies can give big returns at any time, as well as disappear from the market at any time. Therefore, when investing, you should definitely consider investing.

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February 20, 2025, 07:16:32 AM
 #18

~
All the people quick to claim that Bitcoin remains their number one choice will not decline or turn away from an opportunity to invest in any new token or altcoin that has the hype of many people. People claim love for bitcoins, but sometimes e dey be me like say na for only mouth people get this love. Bitcoin na the best for the now, but man still keep e mind open for new opportunities wey fit come from other sectors. Crytocurrency na wide place, as far as bitcoin dey trusted, nor be the only opportunity wey dey inside.
As funny as it sounds, most of these guys in this forum that is an advocate of Bitcoin, guys that knows how risky investment in alt and meme coin are, are still investing heavily on alt and meme coin due to greed of 10x to 100x, sometimes I really don't blame them because the condition of the country's economy has made people to be impatient, they just want to make money quick and sort out some pressing financial needs, which most times they get into a very tight Conner when investing in these alt and meme coin, but as for me, due to the kind of breakfast that I have eaten from alt and meme coin, I wouldn't be stupid enough to make such mistake again, it's either Bitcoin or nothing, I am not interested in taking any risk again on alt or meme coin.
You are absolutely correct that is the real truth about it, because due to the country condition have really Make most people to go into quick money making, they don't want to exercise patience any more they always like quick gain without realizing the risk involved in them. they always see Bitcoin investment as a long term process without noing that is far better than any other cryptocurrency. However, I think it's essential for us to go for right investment instead of putting ourself in a tight Conner is better we have patience and go for long term investment.

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February 20, 2025, 08:29:47 PM
 #19

that bitcoin is a cryptocurrency which investors have also used it to store value and hedge against inflation.
I'm now concluding with this,among all crypto asset classes,bitcoin have more volatile trading history.
As far as digital currency is concerned bitcoin will always be the best to consider as a store of value because of its reliability and valuability. People may want to try other cryptocurrencies to invest to have profit but I think it will be very risky if other cryptocurrencies can be considered as a store of value. Bitcoin remains the best to have as an investment and to stick to it because it has the best qualities compare to other cryptocurrencies.  Looking back to the past and and the present is enough to show why bitcoin remains the best.


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RockBell
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February 20, 2025, 09:14:57 PM
 #20

All the people quick to claim that Bitcoin remains their number one choice will not decline or turn away from an opportunity to invest in any new token or altcoin that has the hype of many people. People claim love for bitcoins, but sometimes e dey be me like say na for only mouth people get this love. Bitcoin na the best for the now, but man still keep e mind open for new opportunities wey fit come from other sectors. Crytocurrency na wide place, as far as bitcoin dey trusted, nor be the only opportunity wey dey inside.


I don't even want to blame them about them choosing bitcoin has there number one and no one is even expecting bitcoin to be choosen everywhere and that is exactly what is happening it started from nothing but continues to grow every blessed day and when you know how to manage your business it makes things more easy and there is no way that you will invest and you will not make money it is not even possible.

And to keep a safe space investment it is better than just focusing on altcoins and it is not even an option when it comes to altcoins investment you are not even sure of what is going to happen and the hype is usually to much so it is better to just do your thing with bitcoin.

And that way your worries should even be less because bitcoin is one of the most secured investment you can venture into very safe only thing you will deal with ia volatility.

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