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Author Topic: What got you interested in Bitcoin  (Read 21965 times)

Offline satpol_PP

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Re: What got you interested in Bitcoin
« Reply #195 on: August 20, 2024, 11:57:55 PM »
You have been in the cryptocurrency world for a long time and you realize that you have a lot of bitcoins.  Now you want to know if more members have bitcoins.  I would say that everyone who works with the cryptocurrency world knows what the future holds.  So everyone like you is putting something on hold for the future so that they can do what they need to do to make their lives beautiful.  And people are starting to invest in crypto currency in the hope of good profit now.  And many people are succeeding from here.  Many organizations have now started mining Bitcoin.
Many have successfully profited from investing in bitcoin, I am also one of those who profit from investing in crypto. Although I think investing in altcoins is more profitable than bitcoin. But investing in bitcoin is safer, because it can be predicted that the longer we invest in bitcoin, the more expensive the price of the bitcoin we hold.

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Re: What got you interested in Bitcoin
« Reply #195 on: August 20, 2024, 11:57:55 PM »

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Offline bayu7adi

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Re: What got you interested in Bitcoin
« Reply #196 on: August 21, 2024, 02:54:25 AM »
But investing in bitcoin is safer, because it can be predicted that the longer we invest in bitcoin, the more expensive the price of the bitcoin we hold.
It is actually not easy to predict the price of Bitcoin, a few months ago we saw the price of Bitcoin above $ 70k, and now the price of Bitcoin tends to be at the level of $ 60k ... this does not prove that the price of Bitcoin is getting more expensive ... all cryptocurrency assets still have their own fluctuating nature ..

Although many people suggest holding Bitcoin for the long term, it clearly takes a very long time to be able to know the purpose of the holding ... more than 1 year usually does not guarantee that it will provide benefits to the holder ... manipulation is proven to still occur frequently.

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Re: What got you interested in Bitcoin
« Reply #196 on: August 21, 2024, 02:54:25 AM »

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Offline legend45

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Re: What got you interested in Bitcoin
« Reply #197 on: August 21, 2024, 04:20:43 AM »
But investing in bitcoin is safer, because it can be predicted that the longer we invest in bitcoin, the more expensive the price of the bitcoin we hold.
It is actually not easy to predict the price of Bitcoin, a few months ago we saw the price of Bitcoin above $ 70k, and now the price of Bitcoin tends to be at the level of $ 60k ... this does not prove that the price of Bitcoin is getting more expensive ... all cryptocurrency assets still have their own fluctuating nature ..

Although many people suggest holding Bitcoin for the long term, it clearly takes a very long time to be able to know the purpose of the holding ... more than 1 year usually does not guarantee that it will provide benefits to the holder ... manipulation is proven to still occur frequently.
For me, if I have a plan to hold bitcoin for the long term, it should be at least 2 years because when we buy bitcoin at a low price to get big profits when the bullish season usually occurs 2-3 years, like what I did, I bought bitcoin 2 years ago and plan to sell it during the bullish season next year. Because the belief and predictions of many people say that bitcoin will touch a price above $ 100K.
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Online bitterguy28

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Re: What got you interested in Bitcoin
« Reply #198 on: August 21, 2024, 05:06:53 AM »
For me, if I have a plan to hold bitcoin for the long term, it should be at least 2 years
at least 2 years is good tho for some maybe if they do not want to be bothered about checking their funds constantly they go longer some even plan to only take their funds when they are ready for retirement while some plan on giving it to their children as inheritance

you can definitely take out your funds after 2 years and then buy more once the market dips and just wait until it’s bull cycle again of course it will take a lot of time but you can’t expect to go from 0 to 100 in a day especially with long term investment


Offline PrivateKayla

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Re: What got you interested in Bitcoin
« Reply #199 on: August 21, 2024, 07:10:06 AM »
I bought Bitcoin (some satoshis really) when I got into crypto a few years ago because of its reputation for increasing value and as the "original" crypto. As I learned more about crypto, I started buying altcoins, too. Most of my DCA though goes to BTC.

Offline satpol_PP

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Re: What got you interested in Bitcoin
« Reply #200 on: August 21, 2024, 10:04:42 PM »
For me, if I have a plan to hold bitcoin for the long term, it should be at least 2 years
at least 2 years is good tho for some maybe if they do not want to be bothered about checking their funds constantly they go longer some even plan to only take their funds when they are ready for retirement while some plan on giving it to their children as inheritance

you can definitely take out your funds after 2 years and then buy more once the market dips and just wait until it’s bull cycle again of course it will take a lot of time but you can’t expect to go from 0 to 100 in a day especially with long term investment
I agree with long term investment, we don't need to bother always checking the market, buy when it's cheap and hold it for the long term. That's a good method, especially for those who are busy in the real world with their work. It seems that many people choose this method, 2 years is the ideal time to hold.

Offline Hisbullah

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Re: What got you interested in Bitcoin
« Reply #201 on: August 23, 2024, 06:08:53 PM »

I agree with long term investment, we don't need to bother always checking the market, buy when it's cheap and hold it for the long term. That's a good method, especially for those who are busy in the real world with their work. It seems that many people choose this method, 2 years is the ideal time to hold.
In my opinion, long-term investment does not produce much profit, because I have tried to compare long-term investment with short-term or medium-term. It turns out that short and medium-term generate more profit than just holding for the long term. We buy when there is a correction, hold until we get profit, then sell it, and do it repeatedly is more profitable.
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Re: What got you interested in Bitcoin
« Reply #201 on: August 23, 2024, 06:08:53 PM »


Offline Azharul

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Re: What got you interested in Bitcoin
« Reply #202 on: August 24, 2024, 06:48:14 PM »
we know that bitcoin is the best profitable crypto in the crypto currency world. So i am also very interested in bitcoin.  But we know that bitcoin is more expensive currency in the cryptocurrency world. So buy this currency for invest or hold is very difficult for common people. So i think if we gradually invest in bitcoin that's is very prefer for us. We also know that altcoin is best preferred than bitcoin for investment. So i think i will invest in bitcoin, because bitcoin is very safty currency than altcoin.
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Offline doc

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Re: What got you interested in Bitcoin
« Reply #203 on: August 24, 2024, 07:10:43 PM »

I agree with long term investment, we don't need to bother always checking the market, buy when it's cheap and hold it for the long term. That's a good method, especially for those who are busy in the real world with their work. It seems that many people choose this method, 2 years is the ideal time to hold.
In my opinion, long-term investment does not produce much profit, because I have tried to compare long-term investment with short-term or medium-term. It turns out that short and medium-term generate more profit than just holding for the long term. We buy when there is a correction, hold until we get profit, then sell it, and do it repeatedly is more profitable.
I prefer long-term holding, because I don't have much time to follow the market. But I also do spot trading, in my spare time. Because the busyness of the real world sometimes takes up time, so I focus more on long-term holding.

Offline 0t3p0t

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Re: What got you interested in Bitcoin
« Reply #204 on: August 24, 2024, 07:11:23 PM »
we know that bitcoin is the best profitable crypto in the crypto currency world. So i am also very interested in bitcoin.  But we know that bitcoin is more expensive currency in the cryptocurrency world. So buy this currency for invest or hold is very difficult for common people. So i think if we gradually invest in bitcoin that's is very prefer for us. We also know that altcoin is best preferred than bitcoin for investment. So i think i will invest in bitcoin, because bitcoin is very safty currency than altcoin.
Good decision mate but just make sure you are spending your extra money so you won't be able to get stuck when volatility strikes at it's beat as we all know it happens anytime as we are familiar with pullbacks which for some investors is the best way to get an entry but for some people who bought at high pullbacks means literally a pain when we don't fully understand the game of Bitcoin investments. Though Altcoins are good investments as well as it was way more cheaper but it does not guarantee any profits too so you better choose wisely.

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Re: What got you interested in Bitcoin
« Reply #205 on: August 25, 2024, 08:28:31 PM »

I agree with long term investment, we don't need to bother always checking the market, buy when it's cheap and hold it for the long term. That's a good method, especially for those who are busy in the real world with their work. It seems that many people choose this method, 2 years is the ideal time to hold.
In my opinion, long-term investment does not produce much profit, because I have tried to compare long-term investment with short-term or medium-term. It turns out that short and medium-term generate more profit than just holding for the long term. We buy when there is a correction, hold until we get profit, then sell it, and do it repeatedly is more profitable.
My Experience is different from you. I think Long time hold / long time investment is better than short time/mid time investment. I am trading with Bitcoin from 2016. And most of my profit was from long time holding. Some times i trade for short time and some times hold my Bitcoin But i saw shirt time trade give me some Profit but sone it gose my Against and that's trade has been long time trade. Even when i hold my Bitcoin for long time, after long time it’s price has beed recorded and after then i was huge profited. So i am with long time hold.
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Offline UNIVERSE

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Re: What got you interested in Bitcoin
« Reply #206 on: August 25, 2024, 08:59:43 PM »
I prefer long-term holding, because I don't have much time to follow the market. But I also do spot trading, in my spare time. Because the busyness of the real world sometimes takes up time, so I focus more on long-term holding.
It is a good idea to focus on the long term holding if you don't have much free time for trading. If we hold the coins for the long term, we don't need to analyze and monitor the market everyday. It is different when we do trading, specifically if we do daytrading. If we do this, we need to analyze and monitor the market progress every day. We will take the profits daily, so we can't choose the coins that slowly increasing the prices. But if we choose a long term holding, we may take profits after we are holding the coins for few years. So, we can ignore the price changes temporarily.


Offline Z-tight

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Re: What got you interested in Bitcoin
« Reply #207 on: August 25, 2024, 11:50:10 PM »
I prefer long-term holding,
Me too, and i also recommend it to newbies and people who do not know how to trade, instead of risking your funds in trading, when you do not have the skills necessary for it, it is better you buy BTC, keep it in your self custodial wallet and allow it to generate returns for you.

Offline summonerrk

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Re: What got you interested in Bitcoin
« Reply #208 on: August 26, 2024, 04:07:15 PM »
People who have been playing in the crypto world for a long time do not necessarily have Bitcoin and this is a fact.
Because I myself have been playing in the crypto world for almost 8 years, this is the first time I have assets in the form of Bitcoin, of course you all know where I got Bitcoin from.
My question :
Do all members on this forum have assets in the form of Bitcoin?
And
What are the reasons that make you interested in investing in Bitcoin Apart from knowing that the price has increased every year?
Let's discuss togethers.

Initially, I was interested in Bitcoin because of the blockchain technology, and only then I realized that Bitcoin is also an excellent speculative instrument. And also that Bitcoin allows you to send money anywhere without intermediaries, and this is great. In fact, the first cryptocurrency has so many advantages that everyone will find attractive aspects for themselves.
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Offline Z-tight

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Re: What got you interested in Bitcoin
« Reply #209 on: August 26, 2024, 11:01:36 PM »
In fact, the first cryptocurrency has so many advantages that everyone will find attractive aspects for themselves.
That's one great thing about BTC, it has many use cases, it can be used as a payment option, store of value, hedge against inflation, speculation asset, etc. It is a free currency, censorship resistant and permissionless, so anyone can use it for whatever reason they want. So many people found out about BTC because they were looking for a way to make money, but when they found out about BTC, they discovered that it was more than just that.

 

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