The simplest explanation why you should consider Bitcoin

[Tongley]

One thing that new investors need to understand is that Bitcoin past performance does not always guarantee its future results. Presenting Bitcoin as an asset that continually increases in price may come off as misleading even though that’s historically accurate, and that could end up creating an unrealistic expectation for newbies. Self custody is another benefit, but we know that when you take control, you become completely responsible for everything about your coin, that means one needs to be extra cautious so as to make sure you don’t fail in your responsibilities because that could be game over.

It is not wrong if someone present Bitcoin as an asset that continually increases in price because that is what Bitcoin is, and i do not see such presentation as what is misleading in any way and it cannot literally create unrealistic expectation for newbies. Before i came to this forum to learn about Bitcoin there are some of my neighbours Bitcoin changed their lives but i did not allow that to put pressure on me or make me to get the mindset of getting rich overnight once i start investing in Bitcoin because i understand Bitcoin is not quick to get rich scheme but a long term investment. So whatever thing you are told or you heard about Bitcoin, your mindset towards Bitcoin when you are starting your investment will determine your expectation as a newbie.

If we think about the overall feature analysis of Bitcoin there is a strong possibility that the valuation of Bitcoin will increase further in the future. But I do not want to say this with a guaranteed profit or prediction. Because for this reason I am of the opinion that if someone wants to invest in Bitcoin then he should invest with a fund that he can keep locked for a long time.

Because if someone has such a mentality that Bitcoin only has decentralized features, there is no profit in it then that person will never invest. It will even discourage many people. And the main decision should be made according to the purpose and financial condition of the person who is investing. I also do not think it is right to influence someone to invest forcefully .

Forcing someone to invest and encouraging someone to invest by force is putting yourself in danger. Because the person you are forcing to invest is not aware of the risks of investing and when he invests, if the market falls, he may be afraid and sell his holdings and if he faces a loss, he may blame you for the loss. So encouraging someone to invest on his own or forcing him to invest is not the right decision at all.

If a person wants to learn about Bitcoin from you or comes to you for advice about investing in Bitcoin, first tell such people about the risks of Bitcoin. Because whenever he faces such a problem, he will not be able to blame you. Start slowly, this is the best decision. The more you rush, the more likely you are to take the wrong decision.

[Bityar]

I think we should not even compare bitcoin with any other normal banking system because bitcoin is now a very strong asset and it is proven. Bitcoin has reach to his full height and noone can compete with it. Nowadays in a banking system a person can not control his own money which is his hard earn money. Bank always keep an eye on us and cut or charge the unnecessary fees and whenever they want they freez or block your account on the other hand bitcoin give us financial freedom. With the help of bitcoin without any 3rd man or any government approval we can easily do transactions whenever wee want without any unnecessary charges.

[Bryan jessy]

It is ridiculous how a person will have some difficulty accessing your own money, like your hard earned money that a person deposited easily, I remember few days ago I was telling a relative that I was tired of saving my money in the physical bank, because why on earth should I be receiving a debit alert from unknown charges or service from the bank, and I told my relative that I really need to start operating fully on Bitcoin because if I was using Bitcoin I would not have been experiencing such thing as unnecessary charges or issues access my money when I need it, and honestly Bitcoin is exceptional and can not be compared to any other assets and saving methods.

[Localhostspeed]

I think we should not even compare bitcoin with any other normal banking system because bitcoin is now a very strong asset and it is proven. Bitcoin has reach to his full height and noone can compete with it. Nowadays in a banking system a person can not control his own money which is his hard earn money. Bank always keep an eye on us and cut or charge the unnecessary fees and whenever they want they freez or block your account on the other hand bitcoin give us financial freedom. With the help of bitcoin without any 3rd man or any government approval we can easily do transactions whenever wee want without any unnecessary charges.

Aside been strong, Bitcoin and bank are not the same in many ways. The banks takes propels money as deposit, use the money for investment and give the money to other companies and institutions at high interest. They also borrow the central banks some part of their money, the micro finance banks do the same and deposit money into commercial bank for the same purpose, to make interest from money they collected from people. The only similarity with Bitcoin is the fact that the both process payment.

Bitcoin first of all is decentralized, it doesn't have a system that collect money from people, it's the keys that controls coins and it's anyone that has the private keys that can spend money, you don't need bank authority to spend your money, you don't need to go through any process to use your money and the most important part is Bitcoin is an investment, money kept in banks are savings that inflations can destroy at anytime. Bitcoin is better in many ways.

[Issa56]

A lot of people have been told several times about the dangers that comes with revealing your bitcoin when it's not needed, emphasis on when it is not needed, some people just want to use every opportunity to tell the next person that they have bitcoin and this attracts unnecessary attention.

If you want people to know that you are having bitcoin, then you are endangering your life, because everyone will start targeting you. Some people will do everything possible to get the bitcoin from you, someone that might attack you and steal your bitcoin might be someone which is close to you, so it’s just better you don’t tell people about your bitcoin holding even if they are close to you. When someone wants to learn about bitcoin from you, make sure you don’t make use of your main wallet to teach the person about bitcoin, make sure you create another wallet, and send just little amount of money there to teach the person whatever he or she wants to learn.

[Tank67]

I think we should not even compare bitcoin with any other normal banking system because bitcoin is now a very strong asset and it is proven. Bitcoin has reach to his full height and noone can compete with it. Nowadays in a banking system a person can not control his own money which is his hard earn money. Bank always keep an eye on us and cut or charge the unnecessary fees and whenever they want they freez or block your account on the other hand bitcoin give us financial freedom. With the help of bitcoin without any 3rd man or any government approval we can easily do transactions whenever wee want without any unnecessary charges.

They should not be compared because they are operating on a different system, and the banking system is different from Bitcoin. I don't even see the need to want to convince anyone for them to buy Bitcoin because Bitcoin does not need advertisement the only thing that you need is for you to be able to see if you want to invest or not, and there is a lot of information out there, and that way it's going to be more of a personal choice than forcing anyone to invest. We should be clear that it is not guaranteed that everyone is going to make money from investing in Bitcoin, so we should have in mind that is not going to be as easy as we think.