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Author Topic: Why bitcoin  (Read 26536 times)

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Re: Why bitcoin
« Reply #120 on: August 15, 2024, 06:56:04 PM »
On the other hand your investment will be 100% safe and you can save for long time. Everyone gets the best profit from bitcoin investment i hope let's talk enough.
No cryptocurrency investment guarantees 100% safety because of it’s volatility. Bitcoin just tend to have less volatility than altcoins that is why it more safer and also it has the potential to recover from market crashes which most altcoins lacks.

You're indeed correct that bitcoin offers your asset safety and also one of the safest ways to invest your funds, but let's also understand that the safety of your bitcoin asset/investment first starts with you.
If you don’t safeguard your assets it’s just as if you are holding bitcoin for other people. The security of ones asset should be the first thing a person should do before even investing and all these includes knowing the best wallet choice and best way to store your seed phrase and private keys so no one can have access to your wallet.
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Re: Why bitcoin
« Reply #120 on: August 15, 2024, 06:56:04 PM »

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Re: Why bitcoin
« Reply #121 on: August 15, 2024, 08:53:18 PM »
On the other hand your investment will be 100% safe and you can save for long time. Everyone gets the best profit from bitcoin investment i hope let's talk enough.
No cryptocurrency investment guarantees 100% safety because of it’s volatility. Bitcoin just tend to have less volatility than altcoins that is why it more safer and also it has the potential to recover from market crashes which most altcoins lacks.
The potential of bitcoin makes it unique from altcoins because of its decentralized nature and scalability making it to solve some problems for human. Altcoins are just there to make the crypto market interesting so that investors can have options and not just only bitcoin. This is why you see that some altcoins don't recover after a dip and some were created to rug people investors.

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Re: Why bitcoin
« Reply #121 on: August 15, 2024, 08:53:18 PM »

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Re: Why bitcoin
« Reply #122 on: August 15, 2024, 09:38:09 PM »
The potential of bitcoin makes it unique from altcoins because of its decentralized nature and scalability making it to solve some problems for human. Altcoins are just there to make the crypto market interesting so that investors can have options and not just only bitcoin. This is why you see that some altcoins don't recover after a dip and some were created to rug people investors.

Bitcoin remain the best investment because it's surrounded by everyone that has money to spare in it and it always makes them have confidence in the money they invest because even if the investment doesn't bring something quick, it can return there capital for them as it usually does but you see altcoins, they are another version of Bitcoin and some are just the complete opposite of Bitcoin.

It's from altcoins you see people loss their entire forrune and don't bounce again but you can't see that in Bitcoin, at most you can see unrealized loss but if you hold it for long time, you can still be able to make back your money if you hold on a little longer.
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Re: Why bitcoin
« Reply #123 on: August 15, 2024, 10:33:23 PM »
No cryptocurrency investment guarantees 100% safety because of it’s volatility. Bitcoin just tend to have less volatility than altcoins that is why it more safer and also it has the potential to recover from market crashes which most altcoins lacks.
You are right. Crypto investment is high risk because its high volatility. There is no any institution or authority which has the responsibility to monitor and manage the crypto industry. So we must to deal with the risks ourselves. However, Bitcoin offers lower risk than altcoins, it is because Bitcoin has proven its reputation for many years. It is untrue that Bitcoin has less volatility, Bitcoin also has high volatility. If it has less volatility, it can't increase very significantly in the bullrun season. So besides the volatility means high risk, volatility also gives the chance of significant increase of Bitcoin and altcoins.


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Re: Why bitcoin
« Reply #124 on: August 19, 2024, 01:19:19 PM »
Why should I transact with bitcoin? 
Is there any advantage bitcoin has over normal currencies? 
Someone pls, explain to me with clarity
Bitcoin is one of the best investment right now in the world and Bitcoin is the best crypto coin, Bitcoin is also the first crypto coin to be created in the world, using Bitcoin as a means of transaction is better than the normal currency reason being that Bitcoin transaction is very fast and with a very low charge, before the creation of Bitcoin making transactions to other countries were very difficult and the charges was so high and that disconnected people from different parts of the world who wanted to do business however is the creation of Bitcoin people now do there transactions very easy and fast and that has helped to grow business and Economy of some countries.
And also when you make transactions with Bitcoin when you receive your Bitcoin you can decide to keep hodling it, and if you hold that Bitcoin for some years you will make a huge profit because it has add in value and in price, so people now started seeing holding or saving money in Banks as a waste of time so they started choosing Bitcoin and Bitcoin has made a lot of people rich, I know of someone who had huge amount of money he was saving in bank and his not using it when he got the knowledge about Bitcoin he withdraw all the money he was saving with that particular bank and bought Bitcoin using lump sum strategy and he has already made huge profit and he has already decided to hold for a very long time.
Because of all this mentioned above people now prefer to use Bitcoin as a means of transaction, some countries has already made Bitcoin as a means of payment, however some countries has refused to accept Bitcoin but a time will come when there will be no option lift for those countries than to accept Bitcoin and use it as a means of payment in there countries.

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Re: Why bitcoin
« Reply #125 on: August 19, 2024, 02:54:35 PM »
No cryptocurrency investment guarantees 100% safety because of it’s volatility. Bitcoin just tend to have less volatility than altcoins that is why it more safer and also it has the potential to recover from market crashes which most altcoins lacks.
You are right. Crypto investment is high risk because its high volatility. There is no any institution or authority which has the responsibility to monitor and manage the crypto industry. So we must to deal with the risks ourselves. However, Bitcoin offers lower risk than altcoins, it is because Bitcoin has proven its reputation for many years. It is untrue that Bitcoin has less volatility, Bitcoin also has high volatility. If it has less volatility, it can't increase very significantly in the bullrun season. So besides the volatility means high risk, volatility also gives the chance of significant increase of Bitcoin and altcoins.

I think we already know that crypto investment is very high risk because it's volatile. Nevertheless, it might be very different for Bitcoin, it's the first of it's kind, the prime mover and so it has the consensus and support of the community. And with it's 4 year cycle, bears and bulls, we can take advantage of it, knows when to invest and when to sell. We even acknowledged that Bitcoin has change our lives for the better. We started to earn thru signature campaigns and then evolved to be a trader or just simply a long term holder. And it will remain the same for us, although there are altcoins around, Bitcoin will remain though the top and best crypto investment, no question about it.
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