Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Findingnemo on September 10, 2024, 07:52:00 PM
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I would like to hear reasons why you choose bitcoin.
I started purely because of its investment reasons cause I couldn't resist knowing that Bitcoin was growing rapidly year after year but now my reason is completely changed after learning more and more about Bitcoin, decentralisation and the concept of money.
Now I am mostly interested due to it's decentralisation, we never had such monetary tool before in the history ever.
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I am interested in bitcoin because it can be a hedge against inflation and as a means of investment. So I have to speculate very well to know when to buy and when to sell.
I noticed that I do not buy coins like ethereum probably because it is centralized unlike bitcoin. Bitcoin is more related to asset than all other coins.
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Well to be honest when I first heard about bitcoin - I learned that only those that are extremely wealthy can afford to get it and that if you bought bitcoin you’d have the possibility of earning more money than what you used to buy the bitcoin.
It was after I signed up on Bitcointalk and started to read more about bitcoin that I finally realized that bitcoin was more than that and it has more potential than just an investment opportunity.
So for me, it was investment purpose that brought me to bitcoin but I’ve grown to love the decentralization aspect of it and the fact that I don’t have to worry about any centralized body seizing my bitcoin and preventing me from transacting with my coins.
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Well to be honest when I first heard about bitcoin - I learned that only those that are extremely wealthy can afford to get it and that if you bought bitcoin you’d have the possibility of earning more money than what you used to buy the bitcoin.
Well I think that's almost same with me. I first knew about bitcoin though when I joined bitcoin talk I came to understand more about it and from there my interest in bitcoin gradually grew. I think transacting with bitcoin is something I've done a couple of times though I'll say that one of the the main reasons I make use of bitcoin is its store for value and because it's a nice and easy form of investment that really doesn't require much rather than being able to store your keys properly.
Anyways other things like the transparency of the network and decentralisation also count , however a suitable for of investment best describes my main reasons.
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Telling the truth?
Well Okay,
actually the initial reason why I chose Bitcoin, because I saw some of my friends were also concerned in Bitcoin and they got a lot of money. Because of that I wondered and also learned about Bitcoin, about crypto in general, and so on. Until I could be in the Bitcoin forum.
It is undeniable, the reason before I understood why Bitcoin is important in this world, with its extraordinary technology, and the extraordinary development of crypto too, my initial reason for being here actually made sense, to get more income from Bitcoin. And that's true, it turns out that not only me, Bitcoin is not only a currency but also one of the things that helps many people to get a better life.
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I am so sure that majority of the people who got into Bitcoin and cryptocurrency industry for that matter are all looking for the possible gains they can get with the asset. And I think this is a very valid reason since nobody would be buying something that we know will not be gaining in value, after years of holding. And this was also true with me. I bought some Bitcoin before with the idea that it would go up in price...and then I later learn of the many philosophical grounds why Bitcoin got into existence. Right now, I am seeing Bitcoin as a big hedge against economic maladies that may fall on all of us in the coming years. Of course, there will be risks as nobody can be sure of what the future might hold for all of us.
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I'll be honest and I will say "Investment purposes". I mean it's obvious that people wanted to get huge profit with Bitcoin. Although we can still used it for cross border payments and others, it has shift it's goal to say the least.
But nothing is wrong with it, we have heard stories already of early adopters becoming rich and still continuing to investment, buy, hold and sell for profits in the future. Maybe in the beginning we are all into decentralisation, but as we mature and with the evolving market, majority here chooses to just become a investor.
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Choosing Bitcoin is just standard if you read everything in the Bitcointalk forum. It makes transferring payments and being their bank easier without relying on anyone. Setting up is relatively easy, so I don't think there would be a problem in general.
Bitcoin is the start of something revolutionary, and it makes sense to use it.
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I would like to hear reasons why you choose bitcoin.
I started purely because of its investment reasons cause I couldn't resist knowing that Bitcoin was growing rapidly year after year but now my reason is completely changed after learning more and more about Bitcoin, decentralisation and the concept of money.
Now I am mostly interested due to it's decentralisation, we never had such monetary tool before in the history ever.
Well to be sincere my early days of bitcoin is not something i am very proud of, i joined because i thought it was a get rich quick scheme and i wanted to make some money desperately then and so it was very easy for me to get scammed because i had no knowledge about bitcoin.
When i joined bitcointalk was when i finally decided to believe in bitcoin again and I chose bitcoin mainly for investment purposes but knowing about other benefits made me perceive bitcoin differently, it’s decentralization and the freedom it offers make me attracted to it more.
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So far all the replies indicating that they started their journey because of the investment and then things turned around when they get to know more about the Bitcoin which means that could be the standard story of most of us but let's hear it from themselves.
Revolutionary and inevitable.
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I chose Bitcoin because it's a good investment. I have invested in altcoins, too, but Bitcoin will be the last one I'll sell. I am aware it's decentralized and a payment option, but have not really taken advantage of these except for personal payments to someone who's also into crypto. Crypto adoption has been very slow where I'm from and crypto payments are not yet an option.
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I chose Bitcoin because it's a good investment. I have invested in altcoins, too, but Bitcoin will be the last one I'll sell. I am aware it's decentralized and a payment option, but have not really taken advantage of these except for personal payments to someone who's also into crypto. Crypto adoption has been very slow where I'm from and crypto payments are not yet an option.
Appreciate for being transparent and honest but you still got a lot of way to learn buddy, even if Bitcoin is not accepted widely still you contribute to the network in one or other even if you hold small amount and I recommend accumulating as well since we all know that Bitcoin is becoming unstoppable so let's assume ourselves as forerunner like people who bought gold 50 years ago and that's the similar situation we are in.
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The price of BTC pushed me to learn and study more about cryptocurrencies, but quite unfortunate for me, I was introduced into crypto when the price of BTC has already started counting in tens of thousands.
This only pushed me to dive in acquiring more knowledge on it and learning the cause of price fluctuations, since it was the major determinant of other Altcoins price.
Though I learnt Alot from BTC, but much of my investments were on Altcoins since they were much affordable.
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Investing in Bitcoin is the best choice when it comes to crypto investment, as other coins follow Bitcoin, Bitcoin is on top in every case. My first investment was Bitcoin. Investing in Bitcoin I can rest assured because Bitcoin is not highly volatile like other coins. It is one of the most viable currencies to invest in, and it is much safer due to decentralization, plus many other things that attracted me to Bitcoin.
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I came to crypto because of the obvious reason which is to earn money but as time passed by decentralization has got my attention and I think most of us do. In addition to that I realized that Bitcoin is future proof and also inflation proof so there were possitive effects of Bitcoin as time goes by
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In my opinion, Bitcoin is a good choice for investment. Because it is not affected by inflation. And also the price on the market is expensive for coins. That's why it's not surprising that rich people who have money and want to invest it prefer Bitcoin as an option. Because the profits are very promising.
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knowing bitcoin is definitely for investment and seeking profit when trading, so far btc has given a lot to my finances, which is very unfortunate after 2021 yesterday when btc rose to its peak I sold all my btc and now I am collecting btc it is very difficult to say the price is too high
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knowing bitcoin is definitely for investment and seeking profit when trading, so far btc has given a lot to my finances, which is very unfortunate after 2021 yesterday when btc rose to its peak I sold all my btc and now I am collecting btc it is very difficult to say the price is too high
Bitcoin is the choice because from here I have gained many benefits, not only about money but more than that. The future of Bitcoin is good, Bitcoin technology is good, but getting Bitcoin is not as easy as we imagine. I am also happy to be able to know and choose Bitcoin for investment and trading, although I still can't maximize it but I still keep trying.
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knowing bitcoin is definitely for investment and seeking profit when trading, so far btc has given a lot to my finances, which is very unfortunate after 2021 yesterday when btc rose to its peak I sold all my btc and now I am collecting btc it is very difficult to say the price is too high
Bitcoin is the choice because from here I have gained many benefits, not only about money but more than that. The future of Bitcoin is good, Bitcoin technology is good, but getting Bitcoin is not as easy as we imagine. I am also happy to be able to know and choose Bitcoin for investment and trading, although I still can't maximize it but I still keep trying.
Most of us I think were happy discovering this new kind of decentralized money because of the fact that we may achieve financial freedom through it just by investing and holding for future purposes. Though the price of it right now is quite high but we all know that we can still gain profit from it.
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Haha, I can't choose all of them Why? As for Bitcoin, I've found all of them that's the reason I'm standing here in the Bitcoin community, simple decentralization without any opportunities is waste of time, if we eliminate the borderless features of Bitcoin under legal control it will lose its decentralization so what's the purpose of using Bitcoin. So a single option doesn't make any sense there should be an option for all of them haha and I will click on that.
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I would like to hear reasons why you choose bitcoin.
I chose Bitcoin because it was better alternative to Paypal or other such online payment systems. When I bought some digital goods with the help of Bitcoin and the experience was quite amusing. Now I mostly use Bitcoin for trading and sometimes for sending and receiving of payments and I like it because it's decentralized with no restrictions at all.
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knowing bitcoin is definitely for investment and seeking profit when trading, so far btc has given a lot to my finances, which is very unfortunate after 2021 yesterday when btc rose to its peak I sold all my btc and now I am collecting btc it is very difficult to say the price is too high
Bitcoin is the choice because from here I have gained many benefits, not only about money but more than that. The future of Bitcoin is good, Bitcoin technology is good, but getting Bitcoin is not as easy as we imagine. I am also happy to be able to know and choose Bitcoin for investment and trading, although I still can't maximize it but I still keep trying.
At first, what might be on our minds is profit and profit, but after we get to know more about bitcoin, our thoughts about bitcoin will expand.
I agree with you that here we will not only get profit or money, but more than that, such as knowledge and others. From here we also learn a lot to be able to achieve financial freedom, it is extraordinary. I am grateful to be one of the people who can get to know bitcoin today.
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I would like to hear reasons why you choose bitcoin.
I started purely because of its investment reasons cause I couldn't resist knowing that Bitcoin was growing rapidly year after year but now my reason is completely changed after learning more and more about Bitcoin, decentralisation and the concept of money.
Now I am mostly interested due to it's decentralisation, we never had such monetary tool before in the history ever.
Bitcoin is the confidence that my investment will not disappear with the #DevelopmentTeam . Bitcoin is the confidence that its network will not be hacked, because it has never been hacked. It is brilliant. I also love Bitcoin because I can send it to friends anywhere in the world at any time.
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In my opinion, Bitcoin is a good choice for investment. Because it is not affected by inflation. And also the price on the market is expensive for coins. That's why it's not surprising that rich people who have money and want to invest it prefer Bitcoin as an option. Because the profits are very promising.
Rich people are in eating in Bitcoin not because it's expensive but it's because it has remain one of the best running coin and oldest among the pack that has not disappoint many people. How many altcoins are not shit investment today, they get all the hype, the funding and the support from investors only for one f**l to disappoint people in the end.
Bitcoin remain the best investment not even because people likes it, Bitcoin is just that coin that will never get a replacement, not now and not in 10 years.
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In my opinion, Bitcoin is a good choice for investment. Because it is not affected by inflation. And also the price on the market is expensive for coins. That's why it's not surprising that rich people who have money and want to invest it prefer Bitcoin as an option. Because the profits are very promising.
Bitcoin isn't fully not affected by inflation. If there is a severe inflation, people will have a less demand on buying Bitcoin. If there is less demand on Bitcoin in the market, the price can drop. You must know every time we have bad issue about inflation, Bitcoin seems to drop its price. But the good thing with Bitcoin, the price always can increase again. Bitcoin also has a clear cycle (4 years cycle). The investors can know well when the time to buy and when the time to sell the Bitcoin. Sure, the profits on Bitcoin is very convincing.
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I would like to hear reasons why you choose bitcoin.
I started purely because of its investment reasons cause I couldn't resist knowing that Bitcoin was growing rapidly year after year but now my reason is completely changed after learning more and more about Bitcoin, decentralisation and the concept of money.
Now I am mostly interested due to it's decentralisation, we never had such monetary tool before in the history ever.
My story is similar to yours. I didn’t know much about Bitcoin initially, but once I got into it, I started learning, and the local community helped guide me. When I began trading BTC, I had to figure out which wallet was right for me, what features make a wallet good or bad, and the difference between centralization and decentralization.
I learned step by step, and to this day, I’m still discovering new things that weren’t widely discussed before, but have come to my attention through certain news. I love Bitcoin for its decentralization,, anonymity, and the security it provides, but there are downsides too like the recent gunpoint robberies.
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I would like to hear reasons why you choose bitcoin.
I started purely because of its investment reasons cause I couldn't resist knowing that Bitcoin was growing rapidly year after year but now my reason is completely changed after learning more and more about Bitcoin, decentralisation and the concept of money.
Now I am mostly interested due to it's decentralisation, we never had such monetary tool before in the history ever.
It is very clear and obvious that if you want to live a stress free life and not have to think or ponder too much about your investment, bitcoin is the best choice of investment to go for. Every other cryptocurrency has no certainty even though some few have proven of their capabilities over the years to be strong tokens that can be relied on. I chose bitcoin because of its decentralisation and chose crypto because of its simplicity to freedom of our finances.
For investment purposes, bitcoin is the best choice amongst all other cryptocurrencies, and only it can be rely on the long term goal effect of it. So many altcoins have shown to prove themselves worthy of investing into also, but till date they don’t have what bitcoin has that stands it out amongst them. They can only try but they can’t beat the reach again. Bitcoin cannot be traded for anything, so when you’re in, you won’t feel the need to go for others and you’ll keep seeing reasons to hold on to them.
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I would like to hear reasons why you choose bitcoin.
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Now I am mostly interested due to it's decentralisation, we never had such monetary tool before in the history ever.
1. Most accessible cryptocurrency
2. If entered correctly, it can double or triple your initial capital and while it can be more if you invest into altcoins, you would trust Bitcoin compared to other altcoins, right?
3. The most trusted cryptocurrency
4. You know the feeling of investing into it at it's early stages? That's what I'm feeling whenever I invest into Bitcoin.
Also I'll add what you said as well that we hadn't any asset or currency that is the same as Bitcoin hence, I want to invest into it.
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I would like to hear reasons why you choose bitcoin.
I started purely because of its investment reasons cause I couldn't resist knowing that Bitcoin was growing rapidly year after year but now my reason is completely changed after learning more and more about Bitcoin, decentralisation and the concept of money.
Now I am mostly interested due to it's decentralisation, we never had such monetary tool before in the history ever.
It is very clear and obvious that if you want to live a stress free life and not have to think or ponder too much about your investment, bitcoin is the best choice of investment to go for. Every other cryptocurrency has no certainty even though some few have proven of their capabilities over the years to be strong tokens that can be relied on. I chose bitcoin because of its decentralisation and chose crypto because of its simplicity to freedom of our finances.
For investment purposes, bitcoin is the best choice amongst all other cryptocurrencies, and only it can be rely on the long term goal effect of it. So many altcoins have shown to prove themselves worthy of investing into also, but till date they don’t have what bitcoin has that stands it out amongst them. They can only try but they can’t beat the reach again. Bitcoin cannot be traded for anything, so when you’re in, you won’t feel the need to go for others and you’ll keep seeing reasons to hold on to them.
I agree if you want to not stress and panic with the volatile crypto market, we can choose bitcoin for long-term holding. This is safer and can be ascertained during the bullish season we will get profit.
but if we have expertise and experience in crypto, we can do trading or medium term investment. this takes a lot of time and always monitor market conditions.
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I would like to hear reasons why you choose bitcoin.
I started purely because of its investment reasons cause I couldn't resist knowing that Bitcoin was growing rapidly year after year but now my reason is completely changed after learning more and more about Bitcoin, decentralisation and the concept of money.
Now I am mostly interested due to it's decentralisation, we never had such monetary tool before in the history ever.
Bitcoin is the confidence that my investment will not disappear with the #DevelopmentTeam . Bitcoin is the confidence that its network will not be hacked, because it has never been hacked. It is brilliant. I also love Bitcoin because I can send it to friends anywhere in the world at any time.
I love BTC due to its stability. Even with having volatility higher than gold's, it's still worthwhile to dig deeper into it and invest in it too.
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Bitcoin is one of the best trusted currency in cryptocurrency market. If we follow in cryptocurrency market, we can see that bitcoin price is best than others crypto. We also know that bitcoin is also very profitable crypto for trading and investment. If we want to thinking in volatile market, i believe that in volatile market bitcoin is very safety crypto for long term investment. So i believe that bitcoin is the best trusted for trading or invest in cryptocurrency market. So we can told that bitcoin is the king of crypto.
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I love BTC due to its stability. Even with having volatility higher than gold's, it's still worthwhile to dig deeper into it and invest in it too.
Bitcoin is stable compared to any other crypto currencies but it's highly volatile when you compare it with the tradition assets especially something like gold so you can't compare them both. So far Bitcoin on the rising side in the long term not stable those are two different terms though. Bitcoin is recommended for investment with the money you can afford to lose not anything more than that.