⭐ Merited by speedy963 (3)
First I want to say that I have some Bitcoin and I want to see it go to the moon. But I have some questions regarding the reasons that people give as to why Bitcoin is a good investment. 
Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.
Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?
Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.
Please correct me if I am misinformed.
Reason 1: You are in control of your own money - government overprint cash which devalues the dollar, but big influential people and institutions can devalue Bitcoin with a single tweet. Bad news, issues with mining, and other things out of your control can devalue Bitcoin.
Reason 2: Nobody can take away your bitcoin whereas the bank can confiscate your cash and lock your account - should I worry about my bank doing this if I am not doing anything that is illegal?
Reason 3: You can send it to anyone in the world - why would people want Bitcoin when you cannot use it to purchase in many stores? Plus ii takes too long for 1 transaction to go through.
Please correct me if I am misinformed.
1. Yes right now it gets influenced by a single tweet to dump but can also be influenced to pump. No matyer if you see this as a very good opportunity or not, it isn't going to last long as bitcoin matures even further as world wide adoption happens.
2. There have been many cases in my country when banks suddenly close due to bankruptcy or other issues and if it happened to some, it can also happen to others. So yes, you should worry despite not doing something illegal.
3. Privacy without having the need to explain your reasons for sending despite the identity of the reciever or yhe reason behind the payment. And lightning network can solve the long transaction time.