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Quote from: ManOfSteel2412 on January 12, 2025, 08:29:33 PM

Investing in Bitcoin can be a complex and challenging endeavor. It's essential to approach it with caution, thoroughly understanding the risks and potential rewards, before investing in bitcoin first you have to define your investment objectives and time range of the investment, your investment strategy is it long term or short term are you investing to sell or to hold all these are considerations needed to be considered before investing

People who invest in Bitcoin are basically investing in Bitcoin for the long term. You should note that Bitcoin investments are only made by those people who live in the modern world today.

Those who deposit money in banks get low interest rates but the money is not deposited with them, it is owned by a third party. But Bitcoin is the only coin that is currently in circulation all over the world. If you invest in Bitcoin instead of keeping money in the bank, then you will get more benefits here and you will not have a third party as the owner of your money.
You are depositing money in the bank month after month but you get 4 to 5% interest rate, but if you invest that amount of money in Bitcoin, then you will be ready to get double the amount of your money if your investment is long-term.
So you think, I see more complications in banks and there is risk in it, but in comparison, Bitcoin is not risky and the money will be available to you. I do not see any complications in investing in Bitcoin, only you have to have the ability to take risks.

Keeping money in the bank and keeping money in Bitcoin are never the same, if you keep money in the bank you may get much less interest, but your money will never decrease, but Bitcoin is a volatile currency, and Bitcoin will never guarantee you a profit, many times its market price fluctuates unexpectedly. And for this reason, after a certain time, when you go to withdraw your deposited money, the value of Bitcoin may be dumped, as a result, you will have to withdraw less money than you invested, that is, you will have to face financial losses. But if you kept your money in the bank, then your money would never decrease. But if you kept your money in the bank, then your money would never decrease.

It baffles me that you are actually saying that, we all know that saving money in the our traditional banks has one enemy that shrink it value on the longer run which is inflation.
One million dollars today, can never be the same in two to three years time from now, because inflation would have reduced it value and made it worth reduced regardless of any interest rate given.
But as for Bitcoin, it's an asset that appreciate in value overtime, so therefore it's one of the best asset to invest in because we are still in the early days of Bitcoin, and with the kind of huge potential it has, in ten years time from now it might has skyrocket to a figure that we never imagined, looking at the historical price of Bitcoin, it has proven to behave like a fine 🍷 wine that gets better with age, so tell me why it's not a good investment on the longer run?
Am still wondering where you get the notion that Bitcoin can't give you huge profit if you are actually a long term holder because the way Bitcoin is wired, you literally gain more when you hold for a very long period of time unlike money saved in the Bank that got eaten up by inflation.