Post
Topic
Board Bitcoin Discussion
Re: What Inspired Me To Invest In Bitcoin.
by
BVeyron
on 29/09/2023, 21:22:07 UTC
People are inspired by different things all over the world. Some are inspired by cultures, nature's beauty, situations, individuals, etc.  if the feeling to do something isn't gotten correctly, the expected results may not be gotten, hence leaving such a person in disappointment and frustration.
Here are some tips on why I invested in Bitcoin.

1. Bitcoin is an asset: Bitcoin is an asset because it can grow from the point of purchase, especially when taken advantage of markets that are falling in orife or have fallen in price to purchase as well as rise in price to sell. With Bitcoin, you can start small and grow big.

2. Investors like bitcoin because it's different from the traditional financial system that's controlled and regulated by the government of such a country. With bitcoin and crypto in general, transactions are outside the control of anyone, entity, organization, or person.

3. Transaction is fast; bitcoin gives every user the luxury or pleasure of speed in transactions. Hence, network hiccups are almost eliminated when transacting with bitcoin.

4. In the crypto world, bitcoin is the most dominant with a proven track record of growth, stability, and security, and it boasts of high liquidity compared to other cryptocurrencies.

Bitcoin is revolutionizing the financial market, making it the economy of the future you too can take a bold step to invest in Bitcoin if you haven't invested.

Cryptocrrency is a brand new interesting fintech solution, so I think that it's useful to have some crypto. As for investments, I think that the best investment strategy in crypto is long-term hodling. Prices fluctuate heavily, so it's quite hard to get some profit out of short-term trading. Cryptotrading is actually a gambling, however cryptohodling is indeed a good decision. As for usage of crypto instead of money, I suppose that adoption level won't be so high that we will be able to use crypto for any purchase we want (there is still lack of overall mining power), so the only purpose of crypto is the asset of long-term hodling...