Why bitcoin

[Dr.Bitcoin_Strange]

However, nowadays, most people are interested in Bitcoin or cryptocurrencies because they have volatiles values and they go up and down which creates opportunities for them to gain profit when they buy them low and sell them high, but the properties and benefits of Bitcoin are unmatchable despite all other things.

That would've been a lot more easier than it sounds if it was possible to predict the direction the market would go. The market can be in red right now and immediately you predict for the market to continue in red, you'll automatically start seeing a green, so it's really not possible to predict the market accurately. Even if you've made some lucky guesses and maybe manage to get it right, there's every possibility of the market to switch to another trend at anytime.

[armanda90]

However, nowadays, most people are interested in Bitcoin or cryptocurrencies because they have volatiles values and they go up and down which creates opportunities for them to gain profit when they buy them low and sell them high, but the properties and benefits of Bitcoin are unmatchable despite all other things.

I would like prefer investing in cryptocurrency with bitcoin behind easy recovery back to higher price than altcoin, many people frustrated when investing in bitcoin the first time raise the new higher price above $65k but last month bitcoin success back and make the new higher price up to $73k.
For altcoin very difficult how reach up and recovery from the last new higher price and waiting more longer than bitcoin, its easily how to imagine when investing in bitcoin buy on lower price then selling at higher price.

I have reason why must investing in bitcoin because easily recovery to higher price and difficult when investing in altcoin although bitcoin or market condition support for altcoin get up.

[Dr.Bitcoin_Strange]

However, nowadays, most people are interested in Bitcoin or cryptocurrencies because they have volatiles values and they go up and down which creates opportunities for them to gain profit when they buy them low and sell them high, but the properties and benefits of Bitcoin are unmatchable despite all other things.

I would like prefer investing in cryptocurrency with bitcoin behind easy recovery back to higher price than altcoin, many people frustrated when investing in bitcoin the first time raise the new higher price above $65k but last month bitcoin success back and make the new higher price up to $73k.
For altcoin very difficult how reach up and recovery from the last new higher price and waiting more longer than bitcoin, its easily how to imagine when investing in bitcoin buy on lower price then selling at higher price.

You're absolutely right and I couldn't agree with you more.
Bitcoin has more potential for profitability than any other token, and it's also in fact the safest crypto asset to hold onto, compared to every other cryptocurrency.
Even if Bitcoin hits a DIP or a bear market, Bitcoin investors are considered to be safe as long as they just continue to HODL, because bitcoin has been around for much longer than every other token and it has always recovered from even more dipper DIPs (allow me to use that phrase) and attained new ATHs in previous cycles and this one wouldn't be any different from those other ones.

[jeraldskie11]

However, nowadays, most people are interested in Bitcoin or cryptocurrencies because they have volatiles values and they go up and down which creates opportunities for them to gain profit when they buy them low and sell them high, but the properties and benefits of Bitcoin are unmatchable despite all other things.

I would like prefer investing in cryptocurrency with bitcoin behind easy recovery back to higher price than altcoin, many people frustrated when investing in bitcoin the first time raise the new higher price above $65k but last month bitcoin success back and make the new higher price up to $73k.
For altcoin very difficult how reach up and recovery from the last new higher price and waiting more longer than bitcoin, its easily how to imagine when investing in bitcoin buy on lower price then selling at higher price.

Bitcoin has more potential for profitability than any other token, and it's also in fact the safest crypto asset to hold onto, compared to every other cryptocurrency.

I agree with these statement. If you invest in Bitcoin, it has the highest probability that you will get profit in months or years of holding among the other cryptocurrencies. But I wouldn't agree that you can make big profit and can turn poor people into rich. If you want to become rich invest in Alts. In terms of sustainability, I believe that Bitcoin is the number 1. Fortunately, people prefer sustainability than with high risk high rewards.

[Dr.Bitcoin_Strange]

The way I see it, all bullshit token and coin abandons are done for this one reason; they only have one purpose which I will explain better...
We saw Luna and FTT are made for a reason which is to support those companies themselves, the day these companies drop their token or their currency will drop too.

That's why for me bitcoin is perfection because this previous one is multipurpose and its foundation is to avoid intermediaries there are no companies managing it, we will not be able to match satoshi due to the price drop(thats a clever move for him to stay behind the scenes).

Because we know that satoshi does not depend on a company to reinforce bitcoin.
And with this I finish all the currencies are a scam(meaning that the price can disappear) for me, personally  the legit ones they are btc and tether.

[Z-tight]

Because we know that satoshi does not depend on a company to reinforce bitcoin.
And with this I finish all the currencies are a scam(meaning that the price can disappear) for me, personally  the legit ones they are btc and tether.

Too many altcoins are just scam projects, but not all of them, some were created not to scam people, but because they rarely have utility, it has dumped and caused so many people to lose their money to it. Take note that usdt is also a centralized coin, one that its issuer can freeze even in your own wallet and even create many of their coins out of thin air, i would not trust it.

[Dr.Bitcoin_Strange]

Because we know that satoshi does not depend on a company to reinforce bitcoin.
And with this I finish all the currencies are a scam(meaning that the price can disappear) for me, personally  the legit ones they are btc and tether.

Too many altcoins are just scam projects, but not all of them, some were created not to scam people, but because they rarely have utility, it has dumped and caused so many people to lose their money to it. Take note that usdt is also a centralized coin, one that its issuer can freeze even in your own wallet and even create many of their coins out of thin air, i would not trust it.

While it's true that not all tokens are scams, finding out which one is true or s scam is the most difficult task you'll ever be given when dealing with altcoins, sometimes even if he mist trusted projects could turn out to be a crazy ass scam project and you end up losing yout money while waiting for a price pump.

The best option for me is to completely stay clear off  them and avoid trading on altcoins, and it has really helped me avoid unnecessary losses and have given me quite some time to focus on Bitcoin investment, which has actually helped me avoid the losses associated with altcoins.

[bitterguy28]

Why should I transact with bitcoin? 
Is there any advantage bitcoin has over normal currencies? 
Someone pls, explain to me with clarity

with you having answers since 2019 I think you have your questions enough response and time to lock the thread at least .

and also you should explain well what transactions are you referring because you are comparing this to normal currencies in which I think not enough to conclude , this is a virtual currency while you are asking about fiat .

[MrSpasybo]

with you having answers since 2019 I think you have your questions enough response and time to lock the thread at least .

and also you should explain well what transactions are you referring because you are comparing this to normal currencies in which I think not enough to conclude , this is a virtual currency while you are asking about fiat .

BTC is the crypto king, many people know this but it is strange that many investors still do not want to limit their profits to the weak increase of BTC price compared to many ALTS in the bullrun. Perhaps greed has led them to make riskier choices, and then regret in the present when many ALTS have a weak recovery compared to BTC. BTC has made a new ATH while many ALTS are still in the bottom price zone even though they have very interesting narratives.

I always believe that BTC deserves to be in the investment portfolio, accounting for about 50% to ensure that investors will profit in each bullrun. The remaining 50% can be allocated to ALTS, especially top ALTS like ETH, SOL, XRP... Anyway, I also understand that investors will still want to seek opportunities in ALTS, so to have a better mentality, diversification investment will be more suitable than concentrating 100% of capital on BTC.

[bhadz]

I always believe that BTC deserves to be in the investment portfolio, accounting for about 50% to ensure that investors will profit in each bullrun. The remaining 50% can be allocated to ALTS, especially top ALTS like ETH, SOL, XRP...

It should actually needed to be included in most investors portfolio. But not all investors are like us that believes in Bitcoin. The traditional investors will choose other investments than Bitcoin but that's fine, we don't need to push them.

Anyway, I also understand that investors will still want to seek opportunities in ALTS, so to have a better mentality, diversification investment will be more suitable than concentrating 100% of capital on BTC.

Its also fine to have 100%, the market is always following the shadows of BTC and that's why if it's not for Bitcoin, these alts won't go up.
But as you have said, diversification is nice but don't over do it.

[bayu7adi]

I always believe that BTC deserves to be in the investment portfolio, accounting for about 50% to ensure that investors will profit in each bullrun. The remaining 50% can be allocated to ALTS, especially top ALTS like ETH, SOL, XRP...

It should actually needed to be included in most investors portfolio. But not all investors are like us that believes in Bitcoin. The traditional investors will choose other investments than Bitcoin but that's fine, we don't need to push them.

In my opinion, the number does not have to be 50% and we cannot look equally at all investors. Investors have their own strategies for managing their portfolios, including asset allocation for diversification. Including Bitcoin in the portfolio clearly makes us in the Bitcoin community proud, because there are more people who are interested in Bitcoin.

What needs to be remembered is that each person's investment character and risk-bearing ability is different, so we cannot make rules unilaterally regarding the amount of BTC that a person "must" have. we have no right to regulate them as long as we do not bear the risks they bear.

[albon]

The simple answer is that bitcoin makes it faster possible to transfer value anywhere and in a very easy way. You can control your money in your hands where transactions do not require a middleman. Very low transaction costs and can be exchanged very quickly. Moreover its main tool is that of strong security concerns. 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.

[Dr.Bitcoin_Strange]

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.

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.

From choosing the safest way to store your asset, to keeping your phrases safe and then to choosing the right investment strategy and then to avoid falling into the vicious hands of scammers and then to other security measures and requirements required of you to ensure your funds are safe completely.

[Sim_card]

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.

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.

From choosing the safest way to store your asset, to keeping your phrases safe and then to choosing the right investment strategy and then to avoid falling into the vicious hands of scammers and then to other security measures and requirements required of you to ensure your funds are safe completely.

Bitcoin investment is not 100% safe and not also 100% guaranteed that the price of bitcoin will keep going up. Of course anything can happen by tomorrow and we might see bitcoin price not meeting up to our expectations. This is why one should only use an amount of money that he can afford to lose to invest in bitcoin regularly in order to grow his bitcoin stash overtime. So that you will not be disappointed in future.

[bayu7adi]

For everyday use, maybe Bitcoin is not suitable for buying a cup of coffee or a burger for lunch at a fast food restaurant... the main problem is that the transaction fees are quite high and can even exceed the price of the food purchased... in fact, if the payer doesn't mind the fees that is set, that's not a problem... but realistically people will be more interested in using other currencies with low fees and easy mobility..

From here, I see that Bitcoin is more suitable for use in large nominal transactions, such as exporting and importing with nominal amounts above $200 so that transaction fees can still be tolerated with the other feature offerings that Bitcoin has.