Why bitcoin

[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.

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.

Bitcoin may not offer 100% assurance to its Investors, but so far, bitcoin has proven to be safest and most reliable investment, for those who knows the best approach and investment strategy.
Nothing on earth is 100% sure or guaranteed, but we can agree that there are things that we can say are close to 100% and Bitcoin has so far proven to be one of those things, even when some people can be skeptical about this particular fact, people who have been in the business for like almost forever now would understamd and agree with what im saying.
Those who have been in the crypto space and have HODLed Bitcoin for the long-term have maximised profit and mitigated risk of losses. Although, while it's impossible to completely ride out the possibilities of losses, but it's still quite poss

[Agbe]

When I was reading the comments I like one of the comments at the first page. And I think the Op is not active currently in the forum. But even at that other active people who might have asked this the same question will learn something from the answers. At first it you want to transact with bitcoin, you have to understand the basic knowledge of bitcoin which is a digital currency that is used to buy things and pay for services online and that is why we use bitcoin for transactions. And we choose bitcoin because it is borderless (no boundary or limited). No extra fee for international transactions and the charge for one kilometer is the same with 50000 kilometers. Therefore bitcoin is the best for international transactions.

[Faisal2202]

When I was reading the comments I like one of the comments at the first page. And I think the Op is not active currently in the forum. But even at that other active people who might have asked this the same question will learn something from the answers. At first it you want to transact with bitcoin, you have to understand the basic knowledge of bitcoin which is a digital currency that is used to buy things and pay for services online and that is why we use bitcoin for transactions. And we choose bitcoin because it is borderless (no boundary or limited). No extra fee for international transactions and the charge for one kilometer is the same with 50000 kilometers. Therefore bitcoin is the best for international transactions.

Besides the distance, the charge for $1 of BTC is the same as for $1 Million worth of BTC. You don't have to pay an extra fee but due to the involvement of governments, huge tax has been imposed now, So, even if you don't have to pay the fee in BTC to blockchain, you might have to pay the fee in fiat as a tax for your transaction. But if you are living in a tax haven then you don't have to or in a place where they have not legalize it, or imposed some tax on it yet.

Overall, I like BTC because its remote, can be used anywhere, its volatility helps people to make money, it work like a digital gold, which can compete with the Gold (RWA). I use it for holding purposes, while most of the people as well.

[Agbe]

Overall, I like BTC because its remote, can be used anywhere, its volatility helps people to make money, it work like a digital gold, which can compete with the Gold (RWA). I use it for holding purposes, while most of the people as well.

Anyone who understand bitcoin must like it and bitcoin is for everyone and not selective. And as I said it is easy for international transactions and that is the most beautiful part of it. Because using local banks to make an international transactions then you have to pay for Western Union with a high fee but with bitcoin you just pay the conventional fee and that is all. Yeah I also use bitcoin for investment purposes and hodling it for a long term.

[kulkhan]

Bitcoin is father of all cryptocurrency there has no doubt. And Bitcoin First launch and forst crypto-currency. Another every currency created based on bitcoin. Bitcoin is now Legal currency in many country now a days.

Without Bitcoin we cannot think about cryptocurrency. Now Bitcoin's marketcap and volume is largest. And now a days bitcoin is huge popular and day by day Bitcoin's price increasing. So for holding or trading or investment Bitcoin is best i think.

[UNIVERSE]

Anyone who understand bitcoin must like it and bitcoin is for everyone and not selective. And as I said it is easy for international transactions and that is the most beautiful part of it. Because using local banks to make an international transactions then you have to pay for Western Union with a high fee but with bitcoin you just pay the conventional fee and that is all. Yeah I also use bitcoin for investment purposes and hodling it for a long term.

It is pretty true. Anyone who believes in Bitcoin, they can use Bitcoin. Sure, we can easily to transfer Bitcoin in anywhere as long as we can connect to internet. There is no limitation for Bitcoin transaction, it can be transferred around the world. However, for the payment purpose, it still depends on the regulation on the country. There are countries that allow it to be a payment tool but there are countries which don't allow it.

Yes, it is more difficult if we transfer money in the banks. We must pay more expensive fees for the transfer, we also need to wait for a longer time to be successful sending the money. It is because the bank do it centralized, meanwhile we can transfer Bitcoin ourselves (without the need of third party).

[Agbe]

There is no limitation for Bitcoin transaction, it can be transferred around the world.

The disadvantages of banks un-numberous because I noticed this in 2020 when I wanted to publish a Journal paper in one of the Indian Journal Publication site and I was to pay about $40 but I couldn't make the transfer from my end so I went to the bank thinking that it would be easier for them to do it for me but they told me they can't do it so i couldn't published the Journal Paper till now. But if I would have known bitcoin and the Journal site was accepting bitcoin then everything would have been easier for me.

[Faisal2202]

Anyone who understand bitcoin must like it and bitcoin is for everyone and not selective. And as I said it is easy for international transactions and that is the most beautiful part of it. Because using local banks to make an international transactions then you have to pay for Western Union with a high fee but with bitcoin you just pay the conventional fee and that is all. Yeah I also use bitcoin for investment purposes and hodling it for a long term.

Besides the borderless transaction feature which we come to see in almost every single bank it gives people hope, especially the people from the lower class. They heard success stories of how BTC made people rich, so they started to learn it and most of them ended up doing trading. Thus half of them (almost) make good profit in trading and half of them really learn the real lessons.

The point is, if there is no BTC, then people from lower sectors have no chance to do trading because stocks, forex, etc. are not easily understandable although the indicators are almost the same but there is no cycle in them. If there is any, they don't have enough volatility to make them good profit (loss is also an option).

[alltalk]

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.

It depends on when you buy Bitcoin. If you buy at the right time, then you will easily get profits from Bitcoin. We can hold for months or years, there is no problem how long to hold Bitcoin. As far as we know the cycle of bullish and bearish, we know when the right time to take profits.

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.

Being rich isn't something easy. Even if you invest in altcoins, there is no guarantee to be rich. You even can be poor if you invest with all of your money but choosing the wrong altcoins. Be careful to choose altcoins, many of altcoins can turn to be dead coins. IMO, if we want to be rich, it is better to invest in Bitcoin with bigger money.

In terms of sustainability, I believe that Bitcoin is the number 1. Fortunately, people prefer sustainability than with high risk high rewards.

Of course, Bitcoin proves that it always increases from one cycle to another cycle. Bitcoin has strong fundamentals and Bitcoin price growth looks quite consistently. If we can hold Bitcoin for months or years, it is quite safe to invest in Bitcoin. Just don't hurry to take profits from Bitcoin!

[Makus]

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.

Nothing is 100% guaranteed, but from the look of things and some facts, we are hoping the price of bitcoin will continue to increase, even if the demand remains constant, the limited supply will definitely cause its price to increase. Taking about security, we all know that bitcoin is a decentralized currency meaning it is working on its own and no other central authority is in charge, that means it is safer to work with that our normal fiat currencies with inflation could strike any moment, or even a decision from the central bank could cause a drastic change on the supply of the fait currency. Nothing made by human is 100% efficient but considering the risk in bitcoin compared to other currencies, its possible to say bitcoin is safe.

[Rubel007]

Until today there have been no long-term holders who have faced immediate losses after holding Bitcoin. It can be said that everyone benefits in the long run. But there are no altcoins that can match Bitcoin. Each halving of Bitcoin helps to take it to new heights i.e. if an investor cannot be profitable holding Bitcoin in the short term then he can almost be sure to make a profit every four years which is unlikely to be achieved by investing in any other coin.

[Dr.Bitcoin_Strange]

Until today there have been no long-term holders who have faced immediate losses after holding Bitcoin. It can be said that everyone benefits in the long run. But there are no altcoins that can match Bitcoin. Each halving of Bitcoin helps to take it to new heights i.e. if an investor cannot be profitable holding Bitcoin in the short term then he can almost be sure to make a profit every four years which is unlikely to be achieved by investing in any other coin.

That's a great point! The historical performance of Bitcoin shows that long-term holders remain profitable because of the increase in the BTC’s price. It is an interesting fact that the presence of the halving cycle significantly influences bitcoins popularity and its price, serving as a reason for invested growth with every subsequent halving.

You are right: no altcoin has been able to reward investors in the same way that Bitcoin has done, and to this day, it is improbable that anything can do just that. While there are many cryptocurrencies today, Bitcoin is different as it is one of the oldest and most secure that also enjoys extensive popularity.

[debra]

Until today there have been no long-term holders who have faced immediate losses after holding Bitcoin. It can be said that everyone benefits in the long run. But there are no altcoins that can match Bitcoin. Each halving of Bitcoin helps to take it to new heights i.e. if an investor cannot be profitable holding Bitcoin in the short term then he can almost be sure to make a profit every four years which is unlikely to be achieved by investing in any other coin.

If the Bitcoin holders know the 4 years cycle and want to learn the history of Bitcoin price improvement, they will have small chance to get losses. But if the Bitcoin holders don't want to learn the Bitcoin history and its cycle, it is possible that they will get losses. Not every Bitcoin holder has good knowledge, some of them may just follow the hype to hold Bitcoin. People who have lack of knowledge, may choose the wrong time to entry and exit. So, it is not impossible if someone can get losses.

[laijsica]

Until today there have been no long-term holders who have faced immediate losses after holding Bitcoin. It can be said that everyone benefits in the long run. But there are no altcoins that can match Bitcoin. Each halving of Bitcoin helps to take it to new heights i.e. if an investor cannot be profitable holding Bitcoin in the short term then he can almost be sure to make a profit every four years which is unlikely to be achieved by investing in any other coin.

If the Bitcoin holders know the 4 years cycle and want to learn the history of Bitcoin price improvement, they will have small chance to get losses. But if the Bitcoin holders don't want to learn the Bitcoin history and its cycle, it is possible that they will get losses. Not every Bitcoin holder has good knowledge, some of them may just follow the hype to hold Bitcoin. People who have lack of knowledge, may choose the wrong time to entry and exit. So, it is not impossible if someone can get losses.

Investments involve both profit and loss, but you should choose relatively low-risk investments.I think most investors have an idea about the cycle of bitcoin because those who deposit or invest in bitcoins check every aspect. Investment decisions should be made considering high risk with high profit as the best crypto.Bitcoin is a reliable investment medium for investors in relatively every time cycle that is sure to return your margin with profits. You are only recommended to keep holding multiple or more cycles.

[Z-tight]

Until today there have been no long-term holders who have faced immediate losses after holding Bitcoin. It can be said that everyone benefits in the long run. But there are no altcoins that can match Bitcoin.

It is great to store BTC for the long term, but there are just too many weak hands in the BTC network who don't think like that, weak hands sell as soon as there is a negative event and they drag the price even further down. Newbies are another set of people who panic over everything, even a small correction, i trust that the more the network grows, in the future we would have lesser weaker hands and so lower volatility.