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Why I don’t recommend you to recommend Bitcoin (why not just ask for money)

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Why I don\’t recommend you to recommend Bitcoin? This article summarizes the vie

Why I dont recommend you to recommend Bitcoin (why not just ask for money)

Why I don’t recommend you to recommend Bitcoin?

This article summarizes the views of crypto analyst PlanB on personal social media platforms, translated and organized by BlockBeats as follows:

If you think Bitcoin is a store of value and has not been widely accepted, then it may soon become an attractive digital gold. If no other asset meets this demand and generates profit, you should know how Bitcoin’s price will react. The relationship between the price of Bitcoin and its role as an investment tool or medium of exchange is very similar (we have seen some people start using Bitcoin), but when people spend money on Bitcoin, they no longer need to buy it! So, if you don’t believe Bitcoin is good, you can buy more, but don’t rush to sell. This article will help you understand why my stance on Bitcoin is so clear: don’t expect anyone to use it for transactions rather than as an investment strategy that brings high returns. Please remember: this is a great technology, and it is likely one of the most exciting things in human history – because it is the only place in the world that is not regulated by governments and is secure. However, to ensure that you can benefit from it without causing harm to others, it requires enough effort.

Why choose Bitcoin instead of asking for money directly

Today, I will talk to you about why we choose Bitcoin instead of asking for money directly. The purpose of this article is to tell you why this is the case.

I mentioned a question in a previous article: if you want to get 1 BTC, you must first get $1 worth of support, and this price is higher than what we want to buy now, because we can sell it anytime, anywhere and convert it into other cryptocurrencies to make profits. What we need to do is to invest these funds in digital assets, rather than using our own currency for investment (such as some popular exchanges recently). However, if you use your account to buy Bitcoin or purchase Ethereum, then you need to deposit $100 into the bank to ensure a stable return rate. Of course, if you have enough money to pay interest, you can also apply for membership at a certain exchange and participate through this institution.

In fact, many people know that when we talk about Bitcoin at the beginning, we think it is a scam, so we will choose to hold it or even cash it out until the issue is resolved before taking action. But in fact, this behavior is not without harm, but it will make people have a feeling of suspicion about the financial environment they are in: do they think it is a security? Or just a speculative tool? Many investors will consider this issue, after all, fundamentally, it does have a certain risk, but due to the exchange relationship with fiat currency, its volatility is also very high. So for those who are willing to accumulate Bitcoin in the long term, they definitely will not be surprised.

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