Quote from: Rruchi man on Today at 10:23:06 PM

Quote from: NatureMoves on June 14, 2021, 08:10:07 PM

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.

As much as the price of bitcoin can drop in with a single with it has also soared as well several times in the past. For instance, the price of Bitcoin skyrocketed from around $32,000 to nearly $38,000 in January 29, 2021 because of a tweet from Mr Musk. This is just one of those few examples.

My two reasons for investing in bitcoin is that I believe that someday it’s going to be a widely accepted legal tender and then price will get to the moon. In addition, I don’t want to live with the regret of not buy any bitcoin before it becomes mainstream.

I like the last point you mentioned, the regret issue! Grin

Really, even if there is sometimes a bit of doubt that all pans out and Bitcoin could be replaced by another new technology, that is just how technology works, I would still be mad at me if I didn't try. I believe in Bitcoin and letting doubts take control over your own belief and passion is very regrettably. If it turns out I was wrong, fine, it was worth the ride!

I strongly believe that we are still in the early ages of Bitcoin and we all made the right decision to get involved as early as we possibly could.