let's share why Bitcoin is a valuable asset

19 replies 271 views
hodler2019Legendary
Posts: 2182 · Reputation: 12913
#1Jul 4, 2024, 03:56 AM
This thread is all about discussing the positive aspects of Bitcoin as an investment. And yeah, I messed up the title, my bad. No room for any arguments against Bitcoin here. Just focus on its value. I know some of you might not stick to the rules, but if you try to bring up negative points, I’ll delete your post. Just a heads up, I’ll keep a copy of those deleted posts for reference. This is where I’ll collect the reasons why Bitcoin should be held, which I’ve mentioned in the other two threads. I really want to see anywhere from 50 to 100 reasons why Bitcoin is a strong asset. For those who think Bitcoin is a terrible investment, check out the other thread for 50 to 100 reasons why it might not be worth anything. Here’s the link if you want to argue that Bitcoin is worthless. Show me why I'm wrong.
3 Reply Quote Share
hodler2019Legendary
Posts: 2182 · Reputation: 12913
#2Jul 4, 2024, 09:02 AM
One reason for bitcoin being good .  It is easy to move a lot of value safely across the world with a few clicks of a mouse.
1 Reply Quote Share
greglaserFull Member
Posts: 180 · Reputation: 542
#3Jul 4, 2024, 01:58 PM
wow, other thread for reasons against is at two pages and only one reply here this does not bode well lol anyway a reason FOR bitcoin: by memorizing some words you can bring all that value with you anywhere. as you cant misplace it if you always have it in your head.
2 Reply Quote Share
hodler2019Legendary
Posts: 2182 · Reputation: 12913
#4Jul 4, 2024, 02:59 PM
A lot of anger being unloaded. here is a good note.  since these threads are opened we went from 63.9k to 68.6k
3 Reply Quote Share
sage51Member
Posts: 13 · Reputation: 135
#5Jul 4, 2024, 03:44 PM
There are so many reasons why bitcoin is consider a great asset and am going to list few of it here. The decentralised nature of bitcoin makes it to be considered a great asset, also it is built on a Blockchain technology. It offers freedom that local fiat doesn't. It's supply is limited, there is only about 21 million bitcoin. There are countries that has accepted it as a medium of exchange, infact bitcoin has gained general acceptance.
2 Reply Quote Share
L0neDegenSenior Member
Posts: 331 · Reputation: 1464
#6Jul 5, 2024, 09:53 AM
It's a scarce asset, the scarcity being coded in "into its core" "by sound math", not by hunches/guesses (like eg gold). It's strongly protected from a lot of types of attacks by the sheer number of nodes all around the globe, each having a copy of the blockchain and by the huge computing (well, hashing) power of the miners. It's a quite mature ecosystem with a huge number of individuals and an increasingly big number of businesses. It's actively maintained and the code behind it is easy to reach and it can be understood by a very big number of people - they need to understand computer science and math, they don't necessarily need to be bitcoiners. It's recognized as means of payment or investment by a big number of companies, and even banks or countries. Being scarce, being far from cheap to mine and having a healthy and big ecosystem, actually one that is growing and has the potential to grow a huge lot more, Bitcoin is a valuable asset and will continue to remain so (actually it's expected to see its price growing a lot more in the future years).
3 Reply Quote Share
laser51Full Member
Posts: 145 · Reputation: 466
#7Jul 5, 2024, 02:23 PM
See how far we've gone right from 2009 with 0 value to $126,000 and still counting, the more you hold the better your chances, no inflation, no high transaction fee and we operate under a decentralized economy, there's nothing like this than what freedom could have granted in financial economy through Bitcoin, anyone is free to invest and make profits, it is a legal tender and acceptable at every point of buying and selling, the whole world recognizes its uniqueness and everyone is trying to know more about how they could adopt and take opportunity in Bitcoin now and always.
0 Reply Quote Share
d3f1_2015Full Member
Posts: 140 · Reputation: 429
#8Jul 5, 2024, 03:25 PM
Why Bitcoin is a great asset for me is that it has become a wealth transfer medium of the elites to the normal folks who aspire to get a better life. This advantage was taken by the early adopters and even today, there's still a lot of chance for a normal person to have a great future because of Bitcoin. So that's why it's a valuable asset, it certainly changes a persons life from being down and rock bottom to reaching the sky which is the limit.
5 Reply Quote Share
maxi2017Senior Member
Posts: 262 · Reputation: 1550
#9Jul 5, 2024, 05:38 PM
One of the most striking facts why I believe Bitcoin is a valuable asset is that it is independent of any government or central bank in the world.  That is also the first reason that attracted me to it. Yes, thats interesting.  I noticed it yesterday but I thought the FOR and AGAINST arguments would be at least even in a few days.  It seems the other thread is more appealing for some reason.
0 Reply Quote Share
boss_lordMember
Posts: 18 · Reputation: 225
#10Jul 5, 2024, 11:12 PM
Where will I even start from, since there are countless numbers of reasons as to why Bitcoin remains a valuable asset... Anyways let me start from this- With the rise of currency devaluation, Bitcoin has stood the test of time by offering a kind of protection against currency devaluation... And also since Bitcoin got launched into 2009, even up to this very minute, it has been operating on a decentralized network... And this makes it so for form to be free and be in control from any kind of third-party intervention...  With Bitcoin, it is much more easier for folks to send/receive across states and countries, or even do whatever they want to do with their coin/holdings without needing to rely on a third-party such as any governmental or institutional approval.. This is why I don't don't just see Bitcoin an investment, I also see it as a tool of complete financial independence...
6 Reply Quote Share
d4rk5tackSenior Member
Posts: 259 · Reputation: 1325
#11Jul 7, 2024, 03:35 AM
This will be like an answer to my own comment on the other thread about bitcoin limitations. Yes bitcoin supply is limited and capped at around 21 million but that’s not it bitcoin also sub units with the smallest sub units of bitcoin been the Satoshi which it’s equivalent is 100 million Satoshi makes one bitcoin and there for mathematically there is 2.1 quadrillion Satoshi to be available should bitcoin get more expensive that not eveyone can get one full bitcoin. Many Satoshi which grows in value as bitcoin also increase values is available for everyone. For transaction how can bitcoin handle large number of transactions without congesting the network. There are development of layer 2’s like lightening network which can simply be used for small transactions there by helping in reducing the congestion on the network, this will be a thing during huge adoption period. So adoption will not break bitcoin network protocol as it will be safe as it is now
5 Reply Quote Share
SwiftPixelFull Member
Posts: 130 · Reputation: 572
#12Jul 7, 2024, 07:56 AM
A lot of reasons to give aside from the already mentioned ones above (limited supply); economically, that's enough reason to make an asset worthy of holding scarcity increases value. Aside from that, owning an asset in a self-custodian wallet where you don't have to worry about a third-party government giving orders to a centralised authority to freeze your assets while it's in your custody is enough to call it a great asset (censorship resistance).
1 Reply Quote Share
gw31_2021Full Member
Posts: 160 · Reputation: 782
#13Jul 7, 2024, 11:10 AM
Bitcoin is a valuable asset, come to think if it, how many people became rich through Bitcoin? If you answered that question correctly, then you are now informed that Bitcoin made so many people rich because its value is always surging. Just speaking of 2024 and 2025, many people were filled with excitement because they saw so much profit in their Bitcoin portfolio, apart what I have already said, let's look at Bitcoin's rank in terms of market cap to other asset, Bitcoin is a baby if compared with other assets that seniors it but yet but is way more valuable than most of this asset. The value of Bitcoin is highly commendable and it's preparing to even have a higher value in the future.
3 Reply Quote Share
john.gweiFull Member
Posts: 242 · Reputation: 759
#14Jul 7, 2024, 03:47 PM
There has existed no currency in the world with borderless transaction but that's one problem bitcoin has solve in a failing fiat system. Don't even mention how it is immune to inflation and with no centralized control of how much quantity you can only be able to make transactions with in a day. Transactions all transparent in a ledger that can't be erased or doctored just as what we have in traditional financial systems.
4 Reply Quote Share
nonce1337Full Member
Posts: 62 · Reputation: 333
#15Jul 7, 2024, 04:23 PM
I think one of the underrated reason about Bitcoin's worth is its neutrality. Bitcoin does not discriminate. It does not care what country you are from, what your status is, what religion you practice, or what background you have, you can use Bitcoin regardless of your status. Traditional financial systems lack this kind of financial neutrality. Another reason I value Bitcoin is its predictability. Bitcoin's monetary policies are transparent, and everything is programmed. We have a clear understanding of how many total coins will ever be mined, and when the next halving will occur, It is a lot different from the requirements of fiat systems, in which policies seem to change almost any time. I value Bitcoin's self custodial system, which gives people the ability to actually own their own wealth without having to rely on a bank. This is especially important in places where accessing a bank is more difficult or even limited. Furthermore, Bitcoin promotes  financial responsibility, we all know that transactions are irreversible, so if you make mistakes then that's on you. With how important every transaction is, people become far more thoughtful with their financial decisions.
1 Reply Quote Share
mr_lynxFull Member
Posts: 74 · Reputation: 528
#16Jul 7, 2024, 08:46 PM
Bitcoin is a valuable asset, because it a hedge against financial system risk. How? because Bitcoin operates outside the traditional Banking system, so during Bank failures, currency devaluation and capital control people turns to Bitcoin, because it gives individuals self custody. Meaning individuals control their funds by themselves without relying on Banks. Furthermore, Bitcoin is a valuable asset because of it divisibility (micro ownership) if you want to invest in Bitcoin you don't have to buy one whole Bitcoin at once, you can be stashing little by little till you get to your accumulating target,  Why is it so? It is so Because, Bitcoin is divided into 100 million units called Satoshi, Which means a common man can own a fraction.
4 Reply Quote Share
Posts: 13 · Reputation: 183
#17Jul 7, 2024, 10:01 PM
Bitcoin is a great asset that outshines its competitors, somehow we can agree that gold is scarce but then, there is always an increase in supply if mining is profitable due to price but Bitcoin, the supply cap is hard coded and is exacted mathematically and it is note worthy as the first finite liquid asset as history has it . The high security of bitcoin cannot be underestimated, it is backed up by the strongest decentralized computer network existing. This show of work has made the cost to strike or change the ledger. This provides a network standard that banks and governments can’t offer. Bitcoin is an asset that is big and at same time flexible unlike physical golds and others, it is easy to move Bitcoin worth billions of dollars in minutes anywhere in the world with just a private key. Bitcoin is one wealth that doesn’t require a custodian nor a third party to move or exist. The fact that Bitcoin acts as a medium of exchange and still a store of value, this is two massive market use categories and Bitcoin captures both simultaneously.
4 Reply Quote Share
alexaltFull Member
Posts: 183 · Reputation: 528
#18Jul 8, 2024, 02:25 AM
Bitcoin cannot be duplicated and it solves the problem of double spending through mining. It a valuable asset because mining prevents 51% attack on bitcoin. Also the pseudonymity and decentralized nature of bitcoin is a great value to bitcoin because these are part of what increases the rate of bitcoin adoption which leads to increase in value.
4 Reply Quote Share
Posts: 7 · Reputation: 124
#19Jul 9, 2024, 11:48 PM
Bitcoin is decentralized which does not involve third party, either by the government or any individuals, it cuts across all borders irrespective of where you are without seeking any permission, bitcoin is also known as digital gold since it is a digital currency and digitally stores value with no central authority. Bitcoin is valuable because it is limited in supply since it has a fixed supply, can be exchanged for and used in replace fiat currency, it helps in storing of your wealth if being invested in for long term.
2 Reply Quote Share
miner_satFull Member
Posts: 78 · Reputation: 392
#20Jul 10, 2024, 01:02 AM
The halving makes bitcoin unique and a valuable asset because the halving limits miners rewards and triggers the price of bitcoin to create a new ATH in every bull run and this increases the value of bitcoin overtime. Bitcoin is an asset that if you don't tell anyone you have bitcoin, no one knows because it gives you the freedom to be your own bank as you can control your money anyhow you want and use it without government restricted amount for you to spend. It's a new generational wealth.
3 Reply Quote Share

Related topics