Re: Reasons why I prefer Bitcoin over any other assets and dips don't panic me....
Bitcoin is not a new term to most of the investors or general public in whole and it's all over the news due to increase in prices,major companies making move to accept it as mode of payment or investing huge sums of money into it like Tesla with approximately 42k bitcoins and Microstrategy with 110k bitcoins in the balance sheet.We all know how much importance and recognition it has gained with time in the period of 13 years
Year Price
2009 $0
2013 $200 (200x)
2017 $20k ( 100x)
2021 $68kATH(4.25x) Overall (68,000x)
Although we are at $49k at current
Have any other assest given you this much profits with holding them over all these years? The stock market was the only best option to people aside from gold but after the introduction of bitcoin people slowly and gradually became interested in Bitcoin and then whosoever came to know the decentralized, deflationary and secured system they put up the money into bitcoin.
Dollar devaluation
People fear when the bitcoin prices fell down but have they ever cared to notice how much the fiat they are holding for years like the legal cash which they earn as salary,spend them on various items, paying taxes has depreciated almost 70-80% of it's original value over this time and this is the case with most of the currencies over time.If your USD is strong compared to some other weak nations currencies it doesn't imply that inflation has not hit the same but the case is different for all nations and over time it will become value less or just piece of paper like in Vietnam there are one Million Bolivian dollar could not buy you toilet paper only so what's the holding of these currencies at last if not investing?
Gold devaluation
The fiat have gone too much down in the value and speaking of another safe heaven gold for people and have the top most priority of people's investment has not given any returns over past 10 years and moreover there is value depreciation of $4 for $1000 worth of gold investment so what's the fun of holding these gold bars in your bank locker which is shining metal only to show off to people only and not going to give you any returns for future guarantee?
Inflationary Financial Assets
You people invest in stock market and is the returns stable? NO there is volatility there also but some don't fear the same because it's regulated and you feel safe? Or you think the stock would pump again and funds will be restored with profits? So why not have the same approach for Bitcoin also which has given so much returns over all these years? I prefer because all other asset are not deflationary and you can't have $100 remaining $100 also after 5 years also so you need to invest it so why not make wise move and prefer bitcoin for the same reason you are investing in other financial assets?
Why not altcoins?
I would not go into much detail about the same as i have given it many times but to explain it in simple way here is illustration for you all :
So if you understand the market and want to safeguard yourself from all of these problems then BTC is the best option for you.Few understand it fast rest late but soon you understand the better it will be for you.
I am proud btc holder and these are the reasons why dips don't panic me and I am not afraid of because all other investment have already been screwed up already by the government policies and all that same stuff but btc is hope to me personally that shows some bright future ahead free from worries if I manage to HODL for all these years and I will surely do that.Do you guys have any other options?
Year Price
2009 $0
2013 $200 (200x)
2017 $20k ( 100x)
2021 $68kATH(4.25x) Overall (68,000x)
Although we are at $49k at current
Have any other assest given you this much profits with holding them over all these years? The stock market was the only best option to people aside from gold but after the introduction of bitcoin people slowly and gradually became interested in Bitcoin and then whosoever came to know the decentralized, deflationary and secured system they put up the money into bitcoin.
Dollar devaluation
People fear when the bitcoin prices fell down but have they ever cared to notice how much the fiat they are holding for years like the legal cash which they earn as salary,spend them on various items, paying taxes has depreciated almost 70-80% of it's original value over this time and this is the case with most of the currencies over time.If your USD is strong compared to some other weak nations currencies it doesn't imply that inflation has not hit the same but the case is different for all nations and over time it will become value less or just piece of paper like in Vietnam there are one Million Bolivian dollar could not buy you toilet paper only so what's the holding of these currencies at last if not investing?
Gold devaluation
The fiat have gone too much down in the value and speaking of another safe heaven gold for people and have the top most priority of people's investment has not given any returns over past 10 years and moreover there is value depreciation of $4 for $1000 worth of gold investment so what's the fun of holding these gold bars in your bank locker which is shining metal only to show off to people only and not going to give you any returns for future guarantee?
I often see posts on the Internet from novice crypto investors: is it worth investing in bitcoin, because it is so expensive? It may be better to invest in stocks of well-known companies or in gold, because these investments seem to be more reliable. For such people, this picture will be a good motivation to choose Bitcoin as an investment.
Inflationary Financial Assets
You people invest in stock market and is the returns stable? NO there is volatility there also but some don't fear the same because it's regulated and you feel safe? Or you think the stock would pump again and funds will be restored with profits? So why not have the same approach for Bitcoin also which has given so much returns over all these years? I prefer because all other asset are not deflationary and you can't have $100 remaining $100 also after 5 years also so you need to invest it so why not make wise move and prefer bitcoin for the same reason you are investing in other financial assets?
Why not altcoins?
I would not go into much detail about the same as i have given it many times but to explain it in simple way here is illustration for you all :
So if you understand the market and want to safeguard yourself from all of these problems then BTC is the best option for you.Few understand it fast rest late but soon you understand the better it will be for you.
I am proud btc holder and these are the reasons why dips don't panic me and I am not afraid of because all other investment have already been screwed up already by the government policies and all that same stuff but btc is hope to me personally that shows some bright future ahead free from worries if I manage to HODL for all these years and I will surely do that.Do you guys have any other options?
I agree with everything that you have stated.
Personally, I don't also worry so much about the dips because I know that bitcoin will always recover and bounce back after a while. I'm here for the long term, hence I am relaxed whatever happens in the market because it's well-known that bitcoin has already withstood the test of time and the dumps are just normal and it's part of the season. You see, it isn't always a good day. There are bullish and bearish market. Right now, the prices are not really in a good position because most people are withdrawing their funds for thanksgiving and holidays, so it's really understandable. More assets are being withdrawn than deposited, hence we are seeing a leaning down market trend. If you will also look at the history of crypto market, you'll see an almost similar scenario every end of the quarter. So, there's no really need to panic over such normal circumstances.
Also, if you are well aware of what you entered, you wouldn't be paranoid so much. It's really essential to learn the basics and fundamentals of everything we are getting ourselves into to avoid regrets and emotional stress later on. If you studied crypto, then you should know that whenever the dumps happen, it's always a great opportunity to buy coins that are reputable and with high potential. Take advantage of the dips because it doesn't really happen always. Still remember though to invest what you can only afford to lose and buy low, sell high. That way, you can never go wrong. Remember when to tp and to cut loss as well. Never ever rely on just hearsays and do your own technical analysis instead.