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Author Topic: What got you interested in Bitcoin  (Read 21910 times)

Offline Makus

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Re: What got you interested in Bitcoin
« Reply #135 on: July 21, 2024, 10:37:22 AM »
the main reason is the safety mate , there are no other coins that is safer than bitcoin unless you are in day trading .

asking me if all emmbers here has bitcoin ? maybe not all but majority of them has.
What do you mean by safe?
Whether in terms of price or something else.
If most of the members on this forum already have Bitcoin, can we become a community that falls into the category of holding Bitcoin until one day our Bitcoin address is marked by traders like what happened to the German government's Bitcoin address?
Safer meaning at least bitcoin is the strongest coin and the most trusted , no matter about that markings of our addresses , what do really matter here is that bitcoin is not like shitcoins or other coin there that has always chance to become scam even those who have been running for how many years now .
and about that what happened to german government? if we are not using the wallet address as constant for trading(instead to just keep holding) then for me this is a safer way?

You gat a valid point there, bitcoin is unlike other coins and project, being the first, it has built quite a huge reputation for itself and that is the major reason cryptocurrency still stands. No matter how volatile or dump a trend might seem, bitcoin always has profit to give to its long and short-term investors, but usually the long term investment. Those who started holding early can definitely attest to the fact that bitcoin has been a profitable project right from the genesis block.  And my belief is that, it doesn't end here, there are lots of more bull runs to experience  so those getting into the market now will also be counted as early investors in few years from now.
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Re: What got you interested in Bitcoin
« Reply #135 on: July 21, 2024, 10:37:22 AM »

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Offline dekafee79

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Re: What got you interested in Bitcoin
« Reply #136 on: July 21, 2024, 01:27:41 PM »


You gat a valid point there, bitcoin is unlike other coins and project, being the first, it has built quite a huge reputation for itself and that is the major reason cryptocurrency still stands. No matter how volatile or dump a trend might seem, bitcoin always has profit to give to its long and short-term investors, but usually the long term investment. Those who started holding early can definitely attest to the fact that bitcoin has been a profitable project right from the genesis block.  And my belief is that, it doesn't end here, there are lots of more bull runs to experience  so those getting into the market now will also be counted as early investors in few years from now.
Yes, I agree with you that Bitcoin has proven its worth as a pioneer of crypto which makes its price very expensive at the moment. Bitcoin is more suitable for long term investment, at least just by following the 4 year cycle we can already make a profit.

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Re: What got you interested in Bitcoin
« Reply #136 on: July 21, 2024, 01:27:41 PM »

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Offline Makus

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Re: What got you interested in Bitcoin
« Reply #137 on: July 22, 2024, 10:27:30 AM »
Yes, I agree with you that Bitcoin has proven its worth as a pioneer of crypto which makes its price very expensive at the moment. Bitcoin is more suitable for long term investment, at least just by following the 4 year cycle we can already make a profit.

This is why I so much cherish bitcoin more than any other project, its ability to still give good profit irrespective of the hight that it has attained is mind blowing, and the interesting part is that, it still pose as a potential coin and will be more profitable to its enthusiasts. But short and long term investors are beneficiaries of this project, take for instance from January till date, those who bought at the dip would currently be experiencing a x2 and depending on the amount you use that will determine the weight of your profit. Currently the tend is a bit confusing but the recovery from the dip was rapid and profiting.
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Offline Metha Wulandarin

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Re: What got you interested in Bitcoin
« Reply #138 on: July 22, 2024, 03:14:32 PM »
the main reason is the safety mate , there are no other coins that is safer than bitcoin unless you are in day trading .

asking me if all emmbers here has bitcoin ? maybe not all but majority of them has.
What do you mean by safe?
Whether in terms of price or something else.
If most of the members on this forum already have Bitcoin, can we become a community that falls into the category of holding Bitcoin until one day our Bitcoin address is marked by traders like what happened to the German government's Bitcoin address?
Safer meaning at least bitcoin is the strongest coin and the most trusted , no matter about that markings of our addresses , what do really matter here is that bitcoin is not like shitcoins or other coin there that has always chance to become scam even those who have been running for how many years now .
and about that what happened to german government? if we are not using the wallet address as constant for trading(instead to just keep holding) then for me this is a safer way?
The bitcoins we have will continue to be safe unless our wallet is drained or our phone is hacked.
Our Bitcoin will always be safe from other people but not safe from ourselves who always want to sell it for some reason.

Offline bayiajaib

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Re: What got you interested in Bitcoin
« Reply #139 on: July 22, 2024, 03:48:16 PM »

The bitcoins we have will continue to be safe unless our wallet is drained or our phone is hacked.
Our Bitcoin will always be safe from other people but not safe from ourselves who always want to sell it for some reason.

If you invest in bitcoin and want to be safe from your needs, you should use free funds that will not be touched by your living needs.  Or you should have a permanent job in the real world so that your crypto assets are not disturbed.
 Maybe a lack of salary and sudden needs are the cause of your crypto assets being disturbed and you want to sell them, but that's how humans are.  Because I often experience that too.
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Offline Roseline492

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Re: What got you interested in Bitcoin
« Reply #140 on: July 22, 2024, 03:58:40 PM »
The bitcoins we have will continue to be safe unless our wallet is drained or our phone is hacked.
Our Bitcoin will always be safe from other people but not safe from ourselves who always want to sell it for some reason.

Of course each and every investors are entitled to there Bitcoin and there is no way anybody will drag it with them so of course is completely safe with the person unless he is not capable enough to protect there wallet, well to avoid unauthorized access there must be some safety measures because having a Bitcoin is one thing and another thing is being able to guide it very well.

Because people who are still knew on Bitcoin investment still regard exchanges as the best option for holding there investment without knowing that is not a good idea because as days goes by many exchanges are facing a lot of hack attempt so the only way to be free from those things is having a custodian wallet which will somehow guarantee the safety of the persons investment.

Offline TomPluz

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Re: What got you interested in Bitcoin
« Reply #141 on: July 25, 2024, 11:51:43 AM »
Because people who are still new on Bitcoin investment still regard exchanges as the best option for holding there investment without knowing that is not a good idea because as days goes by many exchanges are facing a lot of hack attempt so the only way to be free from those things is having a custodian wallet which will somehow guarantee the safety of the persons investment.

New Bitcoin holders are always reminded that exchanges are good for buying and selling crypto but they are not the best when it comes to holding coins for the long-term. One should understand that there is a reason why we always say this: not your keys, not your coins. We must choose to be safe as crypto exchanges are always the magnet of hackers since these hackers know that if they can be successful encroaching an exchange they can get millions of dollars as possible rewards.




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Re: What got you interested in Bitcoin
« Reply #141 on: July 25, 2024, 11:51:43 AM »


Offline dekafee79

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Re: What got you interested in Bitcoin
« Reply #142 on: July 25, 2024, 11:31:03 PM »
Because people who are still new on Bitcoin investment still regard exchanges as the best option for holding there investment without knowing that is not a good idea because as days goes by many exchanges are facing a lot of hack attempt so the only way to be free from those things is having a custodian wallet which will somehow guarantee the safety of the persons investment.

New Bitcoin holders are always reminded that exchanges are good for buying and selling crypto but they are not the best when it comes to holding coins for the long-term. One should understand that there is a reason why we always say this: not your keys, not your coins. We must choose to be safe as crypto exchanges are always the magnet of hackers since these hackers know that if they can be successful encroaching an exchange they can get millions of dollars as possible rewards.
If you want it to be safe with assets we are always careful with our wallet and also in betransaction because many scammers are eyeing our assets anywhere. Bitcoin has become famous now and many have evil intentions to be able to take our assets in various ways.

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Re: What got you interested in Bitcoin
« Reply #143 on: July 26, 2024, 09:31:54 AM »
Because people who are still new on Bitcoin investment still regard exchanges as the best option for holding there investment without knowing that is not a good idea because as days goes by many exchanges are facing a lot of hack attempt so the only way to be free from those things is having a custodian wallet which will somehow guarantee the safety of the persons investment.

New Bitcoin holders are always reminded that exchanges are good for buying and selling crypto but they are not the best when it comes to holding coins for the long-term. One should understand that there is a reason why we always say this: not your keys, not your coins. We must choose to be safe as crypto exchanges are always the magnet of hackers since these hackers know that if they can be successful encroaching an exchange they can get millions of dollars as possible rewards.
If you want it to be safe with assets we are always careful with our wallet and also in betransaction because many scammers are eyeing our assets anywhere. Bitcoin has become famous now and many have evil intentions to be able to take our assets in various ways.
When we want to secure assets, we can use many ways, one of which is to distinguish the wallet used to store all assets and have its own wallet to make transactions and connect to several sites. Some Bitcoin wallets are indeed very vulnerable because they only use secret keys, not using 2fa which increases the security of the wallet used.

Offline Jamal Aezaz

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Re: What got you interested in Bitcoin
« Reply #144 on: July 27, 2024, 01:37:42 PM »
If you invest in bitcoin and want to be safe from your needs, you should use free funds that will not be touched by your living needs.  Or you should have a permanent job in the real world so that your crypto assets are not disturbed.
 Maybe a lack of salary and sudden needs are the cause of your crypto assets being disturbed and you want to sell them, but that's how humans are.  Because I often experience that too.

Agree with you if someone wants to start an investment that is free of stress then he should use free money that he does not need for emergencies and which he is not using for another purpose instead of investment. But if someone invests that amount which is not a free amount then there is a probability that his journey of investment will be full of worries and he will not be satisfied with his investment.

It is necessary to have a job because without a job you cannot maintain a successful investment process but most of the people are considering investment as a job and if they are jobless then they start to invest in something with the hope that they will be getting monthly salary from it but every investment is not according to the hopes of investors.
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Offline Jamal Aezaz

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Re: What got you interested in Bitcoin
« Reply #145 on: July 27, 2024, 02:08:43 PM »
Yes, I agree with you that Bitcoin has proven its worth as a pioneer of crypto which makes its price very expensive at the moment. Bitcoin is more suitable for long term investment, at least just by following the 4 year cycle we can already make a profit.

Bitcoin is the reason that most of the people are accepting crypto trading and investment and if there was no origin of bitcoin then I think crypto investment and trading will not be as famous as that it is today. The success of every other altcoins is strongly related with Bitcoin and people are investing in altcoins because they want to take profit from it and then invest in Bitcoin as they cannot afford to put a huge amount directly in Bitcoin.

Yes Bitcoin is a suitable option if we keep it for at least four years because in such duration there happens some specific events from which everyone wants to take benefit as the price of Bitcoin goes to maximum level to create new all the time high value.
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Offline Hamza2424

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Re: What got you interested in Bitcoin
« Reply #146 on: July 27, 2024, 05:29:34 PM »
Yes, I agree with you that Bitcoin has proven its worth as a pioneer of crypto which makes its price very expensive at the moment. Bitcoin is more suitable for long term investment, at least just by following the 4 year cycle we can already make a profit.

Yup, but in the 4-year you need to find out the best time for the accumulation because buying at the cycle's peak and then waiting the entire 4 years for profit is already a stupid action. You need to stay connected with the market developments. For short-term and long-term both Bitcoin suitable but you need to figure out properly about how to trade and when to trade. 
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Offline Gurujebs

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Re: What got you interested in Bitcoin
« Reply #147 on: July 27, 2024, 07:36:16 PM »
The bitcoins we have will continue to be safe unless our wallet is drained or our phone is hacked.
Our Bitcoin will always be safe from other people but not safe from ourselves who always want to sell it for some reason.

Well, you are right but I think we all have different opinions to why we invest into Bitcoin. There short term buyers and sellers and there long term buyers and sellers and likewise there are people that will buy and will be holding like they will never sell their bag and whatever anyone do later, is there choice and that will be respected and beside, if you don't buy and sell, new price can't be determined.

The only thing I don't like to see is people that don't have Bitcoin investment or any small money invested into Bitcoin but will be on the corner throwing stone to people that buy Bitcoin and be saying all sort of bad things just to make Bitcoin not go anywhere.
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Offline salad daging

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Re: What got you interested in Bitcoin
« Reply #148 on: July 27, 2024, 08:11:12 PM »
Yes, I agree with you that Bitcoin has proven its worth as a pioneer of crypto which makes its price very expensive at the moment. Bitcoin is more suitable for long term investment, at least just by following the 4 year cycle we can already make a profit.

Yup, but in the 4-year you need to find out the best time for the accumulation because buying at the cycle's peak and then waiting the entire 4 years for profit is already a stupid action. You need to stay connected with the market developments. For short-term and long-term both Bitcoin suitable but you need to figure out properly about how to trade and when to trade.
Indeed, some focus on investment alone or they do both investment and trading, it is an option that both can be run, but I myself am more concerned about how to accumulate so that it can continue to increase for more than 4 years how strong it can survive and how much the accumulation will continue to grow.

The market is always a development when there is a right moment, actually never miss any news because it could be the right moment where you can trade short-term easily, who knows right?

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Re: What got you interested in Bitcoin
« Reply #149 on: July 27, 2024, 08:40:10 PM »

The bitcoins we have will continue to be safe unless our wallet is drained or our phone is hacked.
Our Bitcoin will always be safe from other people but not safe from ourselves who always want to sell it for some reason.

If you invest in bitcoin and want to be safe from your needs, you should use free funds that will not be touched by your living needs.  Or you should have a permanent job in the real world so that your crypto assets are not disturbed.
 Maybe a lack of salary and sudden needs are the cause of your crypto assets being disturbed and you want to sell them, but that's how humans are.  Because I often experience that too.
I admit that it is very difficult to become a real investor, there are so many temptations and tests, especially for people like me who are just learning to become Bitcoin investors, actually I am more interested in becoming an Ethereum investor but I haven't gotten the right momentum to buy it.

 

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