There are many reasons to buy and hold bitcoin. The main thing is price. It is in the deepest point now and there will be no opportunity like this. In last year price was around 20000$.
But now it is around 6000$. When consider the future of the bitcoin. We can see the bright moon point. Because mining is also famoused and strong with the technology. There for no reson to sell.
It's great that buying bitcoin is becoming more accessible. That also means that it is becoming more easily monitored, however. Easier access for you means easier access for them. So if it's something that you're trying to avoid being noticed for, extra precautions need to be taken of course.
The thing that amazes me about bitcoin now is that you can literally walk into a shop with cash in hand to purchase it. Or you can meet a fellow from localbitcoins who will take your cash and send you coins. It's about as anonymous as it gets. Or is it? Could these people be working for the tax authorities?
Respect that you do not buy Bitcoin because the price increases day after day or you will become rich once you buy a few coins and store them for some years.
It's horrible to think of Bitcoin as just a way to make quick profits and exit the market or buy more of shitcoins.
possibility of carrying more than $ 100,000 in your pocket and converting a million dollars using $ 1 fee and other things. "not just linking it to gambling."
Regular bitcoin coins are often compared to gold. In fact, gold is a real physical asset that you can see with your own eyes or are satisfied with the weight of a gold bar in your hand. When you own gold, gold is still gold. You also do not have to depend on the Internet.
Another difference in gold is that it has been used as a storage place for thousands of years. A gold coin is still in your pocket whatever happens.
Meanwhile, bitcoin is nothing but a line of code that exists anywhere on the Internet. You can not handle it, you can not cast the bitcoin into your pocket. If you lose the code, you will lose bitcoin. No matter how big the bitcoin is, it will never replace gold.
However, both Gold and Bitcoin deserve an important place in your portfolio. Gold has gone through many challenges, while bitcoin has only just begun. Blockchain technology will thrive in the future, and when you have the opportunity to "buy the future," you should embrace it.