Quote from: tranthidung on May 22, 2023, 10:21:35 AM

Quote from: Bruce4 on May 22, 2023, 07:04:26 AM

According to him,he said some crypto analyst and experts have long predicted that bitcoin has the largest transfer of wealth and affluent

Transfer of wealth, yeah, you should understand it that wealth will be transferred from the poor to the rich, from losers to winners in a same market. You can become a winner or a loser, no guarantee.

Quote

I'm certainly not convinced about this information that he gave to me...I want better ideas and enlightenment on why I should buy bitcoin.I need help please!

The bullish case for Bitcoin. If you can not read it with normal Internet, you can use Tor connection.
- https://www.torproject.org/download/
How is the 21 Million Bitcoin cap defined and enforced?

I hope this chart can give you enough reason if you compare it to a chart of any fiat currency.

https://blog.lopp.net/content/images/size/w1140/2022/01/bitcoin-inflation-chart-1.png

I am not here to convince you to buy Bitcoin. My post is not financial advice and just free information for you.

Certainly. As you may know, Bitcoin is the oldest and most well-known cryptocurrency, having been created in 2009. Since then, it has grown in popularity and adoption, with many businesses and individuals accepting it as a form of payment.

One of the key features of Bitcoin is its decentralized nature. Unlike traditional currencies that are issued by governments or central banks, Bitcoin is not controlled by any single entity. Instead, it operates on a peer-to-peer network and is maintained by a decentralized group of users known as "nodes."

Another important aspect of Bitcoin is its limited supply. The total number of bitcoins that will ever exist is capped at 21 million, with about 18.7 million currently in circulation. This limited supply is designed to prevent inflation and to help preserve the value of each bitcoin over time.

In terms of its potential as an investment, Bitcoin has experienced significant price volatility over the years, with dramatic price swings both up and down. However, many investors see it as a long-term investment opportunity that can provide diversification for their portfolios.

It's important to note that investing in Bitcoin, like any investment, carries risks. The price of Bitcoin can be influenced by a wide range of factors, including economic and political events, regulatory changes, and market sentiment. Additionally, Bitcoin is not yet widely accepted as a form of payment, and its adoption could be slowed by regulatory or technical challenges.

If you are considering investing in Bitcoin, it's important to do your own research, understandthe risks involved, and only invest an amount that you can afford to lose. It's also a good idea to diversify your investments and not put all your money into a single asset.

Some investors also choose to hold Bitcoin as a hedge against inflation. Because Bitcoin's supply is limited, some people see it as a way to protect their wealth from the potential erosion caused by inflation. This is because, in theory, as the supply of traditional currencies increases, their value may decrease over time. In contrast, the limited supply of Bitcoin could help prevent its value from being eroded in the same way.

Overall, whether or not you should buy Bitcoin depends on your individual financial situation, investment goals, and risk tolerance. While Bitcoin offers the potential for growth and diversification, it's important to approach any investment with caution and to do your own research before making any decisions.