Why invest in bitcoin??

[K_vin]

  Sometimes It’s not just about how much money you spend & lose that makes you broke But how much is being silently stolen from you from under your nose

Here are the three silent killers of wealth:

1️⃣ Leaving it in the bank:

Inflation erodes savings. The banks control your cash it & earns on it while it loses value for you

2️⃣ Money printing:

Not only does inflation eat your money away over time, but the banks print money & borrow which further reduces the value of your cash

3️⃣ Tax:

Not only do you get taxed on what you earn, you also get taxed on what you buy, what you sell & what you own

Tax is your single biggest expense by far & saving it will make you rich; that’s how the billionaires do it

So invest instead of saving, diversify your assets correctly and watch your life and wealth chance faster than you ever imagined...


Billionaire's Mindset
Source: https://t.me/BillionairesTM

[apogio]

This question and these arguments have been posted literally hundreds of times in this forum.

The 3 things you mentioned are really important, but they are the main reasons why people should invest in general.

Bitcoin covers these 3 bullets, but it's also much more important because unlike the other investments that we have, bitcoin can be a currency on its own. So, you don't have to think in FIAT values, but in satoshis (btc denomination).

[moneystery]

those 3 reasons are very common, and i think that almost everyone who invests in bitcoin already understands them. but let me add again that why should you invest in bitcoin; it is because bitcoin is decentralized, its supply is limited to 21 million coins, ease of access and full management is directly in your hands, these are the reasons why someone should invest in bitcoin. you just can't find that in other investments.

[Jewan420]

The biggest reason to invest in Bitcoin may be its long-term profit potential. Reasons why you should invest in Bitcoin (1) Bitcoin is a decentralized currency, so only you know all the information about your assets and there will be no third-party interference. (2) You can invest in Bitcoin very easily and you will not need a large amount of money for Bitcoin investment. (3) Since transactions are made using the blockchain system, the possibility of money being stolen is very low or almost impossible. (4) Bitcoin's upward trend and its pumping system increase the long-term profit potential of Bitcoin investment and the profit margin is also several times higher.
These reasons may also be significant for Bitcoin investment.

[Alone055]

The points you've mentioned are valid, but we need to understand that every currency in the world doesn't lose value like some do, so these problems might not exist for everyone. However, even if someone doesn't have to worry about these things, investing in Bitcoin can still be beneficial for them because when you have your money in fiat, even if you have it invested with a bank, you won't get much out of it because you will barely get around 5-10% a year from that, which is too low.

The reason why Bitcoin has reached where it is today is because it provides people an opportunity to grow their wealth exponentially over time. I know, it's unpredictable and its value can go down as well, but if we look at its history, we will realize that by now, almost every person who invested in Bitcoin has been at least in profit once, and the adoption level is still very low, which means that the demand will keep increasing over time.

So, if people have money laying around, they need to make good use of it. Of course, doing research before making a decision is always necessary.

[BIT-BENDER]

Yes you made some very good point about those three factors that can easily reduce someone finances, but I won't want to jump into conclusion, do you mean that crypto-currency like Bitcoin can help solve those issues? If yes then I might not be sure about the other two but about the tax, I think some people in Crypto-currency still pay tax, this depends on the tax law of your location, so Crypto-currency doesn't full get exempted from tax, except you want to actually evade tax which I don't support.

[Alphakilo]

3️⃣ Tax:

Not only do you get taxed on what you earn, you also get taxed on what you buy, what you sell & what you own

Tax is your single biggest expense by far & saving it will make you rich; that’s how the billionaires do it

So invest instead of saving, diversify your assets correctly and watch your life and wealth chance faster than you ever imagined...

Tax evasion is a crime. And the way Bitcoin is being adopted and the interest it is getting from the government means that it will get regulated which is what is happening in a little way through KYC submission when you use centralized exchanges.

There is also a tax paid on crypto gains. Taxes can't be escaped unless you migrate to a tax haven country which not all Bitcoiners can do.  

Be law abiding, pay your tax and you'll be able to make more money, than when you evade taxes and the government still takes some of your money and put you in jail.

[Botnake]

Just do your obligation as a tax payer and chose the best asset to invest. That way, you will never face future problems evading your tax, and you will gain potential income if you invest in the right coin, if you stick to bitcoin. Now, the reason why you have to invest in bitcoin, its because it has proven its worth and value throughout these years. If you can’t stick with bitcoin, at least learn to diversify your investments. You will have a brighter future ahead.

[Tom Ronald]

  Sometimes It’s not just about how much money you spend & lose that makes you broke But how much is being silently stolen from you from under your nose

Here are the three silent killers of wealth:

1️⃣ Leaving it in the bank:

Inflation erodes savings. The banks control your cash it & earns on it while it loses value for you

2️⃣ Money printing:

Not only does inflation eat your money away over time, but the banks print money & borrow which further reduces the value of your cash

3️⃣ Tax:

Not only do you get taxed on what you earn, you also get taxed on what you buy, what you sell & what you own

Tax is your single biggest expense by far & saving it will make you rich; that’s how the billionaires do it

So invest instead of saving, diversify your assets correctly and watch your life and wealth chance faster than you ever imagined...


Billionaire's Mindset
Source: https://t.me/BillionairesTM

You made valid points there but you know tax can’t be fully evaded right ?
Bitcoin has proven to be go-to for investors because its value increases with each passing day especially with its recent halving that held last year . You can see how limited its becoming thereby bringing more profits for long-term investors.

[Lamkuthang]

I am not that and it is very common. My biggest reason is that this will be used as one of the safest, fastest and cross-border exchange tools, accepted in various places regardless of which country you are from, want to shop at a large or small store with the note that the phrase key is not known to others. In addition to having its advantages if we want to save and store for the long term.

[Bd officer]

I have seen many discussions about the 3 points you mentioned. Now why should we invest in Bitcoin, it is possible to make a lot of profit in long term by investing in Bitcoin. On the other hand, if you save money in the bank, then as much profit as you can earn, you will see that the value of money has decreased a lot. Today's 100 fiat money and future's 100 fiat money will not be equal. Smart people don't save money, they invest in any sector. Now we need to save some money, because money may be needed for urgent needs. Some countries require you to pay tax on crypto. There is no need to pay taxes in the country where I live. Investing in Bitcoin is a good decision to counter inflation.

[laijsica]

 
Tax is your single biggest expense by far & saving it will make you rich; that’s how the billionaires do it

Your perception that paying taxes is a big expense is incorrect. Tax is a minimum amount imposed by the government on your income that you cannot avoid. You should pay the tax imposed on the income you earn while living in a country or society and receiving civil benefits. Tax evasion is illegal and expecting to become rich by saving a little money is misleading.

So invest instead of saving, diversify your assets correctly and watch your life and wealth chance faster than you ever imagined...

Investment and savings are used almost in the same sense. You should be clear about the use of the word investment instead of savings. If you want to be a new investor, you should focus on savings rather than having a diversified portfolio that will help you succeed. For example, if you are running a family on a limited income and have relatively little floating cash, you need to save money for the future. In that situation, you should use a portion of your disposable income in investments. By investing the amount you can afford to lose. You can start saving Bitcoin which will increase your holdings over time and accumulate a huge pile in 4-10 years.

[knowngunman]

So invest instead of saving, diversify your assets correctly and watch your life and wealth chance faster than you ever imagined...

Hope you are also aware of the risks involved with investment? It's easier to talk about investment than to manage it to become profitable. Sometimes, people talk about investment other than savings as if it's totally risk free to invest. To make it clear, investment is profitable without doubt but there's every chance of losing your money in the process. Savings save people from undergoing the trauma investment would cost them and they really can afford that stress. It is two way sword with both pros and cons attached to any side of the sword. Investment possess risk that would probably swallowed your complete capital and allow you to dangle in penury while saving will give you comfort but your assets will lose total value in the long run due high level the inflation is growing. Advisably, you have to go with the one that you consider less risk and can cope with.

[K_vin]

The truth is none is risk free wether investment or savings, and there are different ways to invest out there, there are some that are less risky than others,. The point here is when the word savings is used people often think of a safe haven where nothing can happen which is not true, saving is as risky as investment maybe not so risky but it is also risky, so why not risk with the possibility and potential of making profit?

[btcltcdigger]

  Sometimes It’s not just about how much money you spend & lose that makes you broke But how much is being silently stolen from you from under your nose

Here are the three silent killers of wealth:

1️⃣ Leaving it in the bank:

Inflation erodes savings. The banks control your cash it & earns on it while it loses value for you

2️⃣ Money printing:

Not only does inflation eat your money away over time, but the banks print money & borrow which further reduces the value of your cash

3️⃣ Tax:

Not only do you get taxed on what you earn, you also get taxed on what you buy, what you sell & what you own

Tax is your single biggest expense by far & saving it will make you rich; that’s how the billionaires do it

So invest instead of saving, diversify your assets correctly and watch your life and wealth chance faster than you ever imagined...


Billionaire's Mindset
Source: https://t.me/BillionairesTM

I believe i read somewhere that a dollar has lost 92% of it's value until now.
Which kinda makes sence when you look at todays prices. Minimum wage has increased like 50% over the years, while prices have jumped more than 200% for some things

[Marvelockg]

So invest instead of saving, diversify your assets correctly and watch your life and wealth chance faster than you ever imagined...

well, this has become too basic for those that have been in the finance sphere for long and can differentiate between a financial system that enslaves and a financial system that allows your investment grow for you over a period of time. the bank helps you keep your money and use it for their business purposes without giving you a good amount of interest for the fact that you have chosen to keep your money with them. apart from the tax and the other things you have outlined, the issues that's associated with sizing of your asset for no just reasons and the fact that sometimes some government regulation can easily affect your money in the bank makes it not too good to leave your money in the bank either in the guise of saving or investing it in one of their numerous scheme that is purely centered at keeping you all lucked up with them.

bitcoin has been growing and still continues to grow adding more advantages and becoming the best form of investment both at the present and even going forward. it is a privilege to be part of those that knows bitcoin so well at this early phase and are in addition also investing in it earlier enough.

[Ambatman]

Investment and savings are used almost in the same sense. You should be clear about the use of the word investment instead of savings. If you want to be a new investor, you should focus on savings rather than having a diversified portfolio that will help you succeed.

investment and savings are not closely same
 To me Saving is Fiat
While Investment is asset.
The former is usually short term with relatively lower risk and higher liquidity
While the latter the opposite.

Saving Tax will make you rich? That's not true
Neglecting tax would increase the cost when caught than you were supposed to be taxed.

Well some countries have favourable tax policy to different groups of the economy
Except you speaking about this.

[K_vin]

Tax is not bad in its original form but in some countries and some sectors it has almost become a tool againt the ordinary man trying to make a living,.

[laijsica]

Saving Tax will make you rich? That's not true

Bro, I tried to make it clear that to get rich by avoiding saving taxes  is a wrong decision.

Repeat mentioned as below.

[/quote: Your perception that paying taxes is a big expense is incorrect. Tax is a minimum amount imposed by the government on your income that you cannot avoid. You should pay the tax imposed on the income you earn while living in a country or society and receiving civil benefits. Tax evasion is illegal and expecting to become rich by saving a little money is misleading./

[jcojci]

But you should know how to handle the risk not to become bigger by learning more about investment or savings so you know with right what you can do. You don't have to afraid or worry with the risk because if you can manage the risk, you will know how to handle with care not to become big and you can use that thing with right. Most people can not learning how to manage the risk so they think that the risk can not be minimized but they may wrong. It need a right way to manage the risk so you can walk besides with the risk and even you will not afraid with the risk because the risk is your friend.