Don’t Lose your Bitcoins, advice for Filipinos
Think twice before trading your Bitcoins to other forms of investments and assets.
I’m alarmed with a lot of bitcoin buyers who doesn’t really know what bitcoin is and what to do with it.
First of all the entire cryptocurrency and blockchain movement started with Bitcoins way back in 2009.
When you talk about investing and holding any form of asset, the number one consideration should always be SECURITY.
So with the invention of Bitcoin in 2009, Satoshi Nakamoto designed bitcoins with all these Security Features in mind.
Bitcoin is the one and only crypto asset that has all these security features and liquidity.
1) DECENTRALIZED
Your investment in bitcoins cannot be hacked nor destroyed because it resides in the internet where it is being maintained by servers and miners all over the world. As long as there’s internet anywhere across the world there will always be bitcoins.
2) BIGGEST MARKET ADOPTION
In almost all corners of the world now, from Wall Street investors all the way to street corners people trade bitcoin with FIAT currency (Pesos, Dollars, Yen etc), and the value of Bitcoins become more valuable because of it’s widespread acceptance and use cases.
3) BLOCKCHAIN
How secure is the Bitcoin blockchain? If you try to use the all of the world’s most powerful computer combined, it would take 0.65 billion billion years to hack one bitcoin address, and we are only talking about just on address.
So if you combine all of these features,
1) Bitcoins is the gold standard of cryptocurrency
2) Bitcoins will always be recognized anywhere in the world
3) Bitcoins has the best of both worlds where you benefit from massive market price gains while still having the peace of mind of having a highly secured asset that can be traded to FIAT currency anytime (Pesos).
So what’s my point?
1) Think twice before trading your hard earned Bitcoins with other investment and marketing programs
2) Once you hand over your Bitcoins to investment programs you don’t own bitcoins anymore and you lose the benefit of its’ decentralization and blockchain technology.
3) Bitcoin is already the best form of cryptocurrency investment why trade it and lose its purest form.
Why are you more tempted to invest in investment programs rather than bitcoins?
Because they have marketing budgets with their main job is to entice people to join. Did you know bitcoin has zero marketing budget and its value grows organically with the value it provides to people, countries and economies.
So what’s my final advice?
1) Buy and Hold bitcoins for the long-term
2) Store it in a bitcoin wallet where you hold the PRIVATE KEYS (I’ll share more on this on my next article)
3) Keep it simple
Bitcoin already grew with thousands of percent gains from inception so why are you still thinking of trading it to other assets?
Even though other assets might have better gains in the short term, how sure are you that they would stand the test of time?
And lastly, before you trade your Bitcoins to other assets, the question you should be asking is “would your next asset be easily accepted by other people in exchange for real money?”
If not, then don’t lose your Bitcoins, they are already valuable as it is!
I have several articles written already for bitcoin beginners, check out my medium account -
Bitcoin Wallet for Beginners
http://bit.ly/2mMpcPb
For safe cheap and fast bitcoins in the Philippines
visit bitcoinsmeetup.com
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