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Author Topic: Are you buying bitcoins? Why?  (Read 305007 times)
harizen
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November 23, 2015, 06:55:05 PM
 #201

The first reason to buy Bitcoin is because you believe it's going to be big in the future, I don't understand Bitcoin if it's not for the long term. Of course you can use it for daily stuff but right now there aren't many reasons for the people in the first world except on certain situations, but in the future it will be huge when the goverment annihilates cash.

Well the first reason of buying bitcoin is to make profit depends on the current market moves. Not for holding purposes but to play in the market. Most of the buyers rotates the coins and not just staying it sleep in their storages.

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November 23, 2015, 07:19:36 PM
 #202

I am a dumbskull that is the reason I buy bitcoins
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November 24, 2015, 09:18:36 PM
 #203

Will buy some when the price drops down even further  Wink
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November 24, 2015, 09:46:47 PM
 #204

The first reason to buy Bitcoin is because you believe it's going to be big in the future, I don't understand Bitcoin if it's not for the long term. Of course you can use it for daily stuff but right now there aren't many reasons for the people in the first world except on certain situations, but in the future it will be huge when the goverment annihilates cash.

Well the first reason of buying bitcoin is to make profit depends on the current market moves. Not for holding purposes but to play in the market. Most of the buyers rotates the coins and not just staying it sleep in their storages.

well, it's different for each person. some people don't dare to hold coins as they find the volatility to be too heavy. what kind of person are you? 50% holding and 50% trading?
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November 24, 2015, 09:54:57 PM
 #205

all of us always want to buy bitcoin,and everyone have many reason.
- trader,they buy it for bitcoin price up.
- investor,they buy it for invest,and finally sell it to other corporate/exchange.
- bitcoiner,they buy it because they know bitcoin can buy with other crypto.

Don't forget the consumer. I know there are not a lot of us, but we buy bitcoin to spend it at the shops that accept it.

Again not enough but we are a priviliged group, not to be forgotten!

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November 24, 2015, 10:08:15 PM
 #206

Not buying any yet as I am waiting for it to go below $300 price because their is that wall for me at that price point and for most people too who don't want it to fall below that because they have some now and bought it at a higher price.

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harizen
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November 25, 2015, 03:41:59 AM
 #207

The first reason to buy Bitcoin is because you believe it's going to be big in the future, I don't understand Bitcoin if it's not for the long term. Of course you can use it for daily stuff but right now there aren't many reasons for the people in the first world except on certain situations, but in the future it will be huge when the goverment annihilates cash.

Well the first reason of buying bitcoin is to make profit depends on the current market moves. Not for holding purposes but to play in the market. Most of the buyers rotates the coins and not just staying it sleep in their storages.

well, it's different for each person. some people don't dare to hold coins as they find the volatility to be too heavy. what kind of person are you? 50% holding and 50% trading?

Im applying no percentage. Im basing my next move based on the current market behaviour. As long as I take profit, I will go that way. But one thing for sure, I will never hold for a long time. I will rotates my saved coins. Im making sure I will gain profits to get enough more coins as soon as i buy again from profits.

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November 25, 2015, 03:58:00 AM
 #208

Price is tumbling so I will start to buy now. 317 isn't a bad price to buy some.
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November 25, 2015, 04:49:34 AM
 #209

Buying bitcoin for trading btc-fiat and altcoin-btc.

The other one is using bitcoin to pay pulse.
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November 25, 2015, 10:24:05 AM
 #210

I didn't buy BTC yet.
All btc i got i have earned with selling stuff/services.
In future, im sure, im gonna buy btc.. but for now its enough for me this way Tongue

In my opinion btc is revolutionary.. hope it will get more widely spread among people

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November 25, 2015, 12:38:25 PM
 #211

I didn't buy BTC yet.
All btc i got i have earned with selling stuff/services.
In future, im sure, im gonna buy btc.. but for now its enough for me this way Tongue

In my opinion btc is revolutionary.. hope it will get more widely spread among people

You may be doing your life time mistakes or already missed the big opportunities of buying bitcoins for cheaper price of around $220. Spending some small amount of money for buying bitcoins on regular basis regardless of price of bitcoin must be a good way of engaging ourselves into bitcoin ecosystem.

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November 25, 2015, 01:18:07 PM
 #212

Will buy some when the price drops down even further  Wink

The price will drop more if there is no consensus of the bitcoin block chain size. The number of transactions are approaching 1MB soon.
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November 25, 2015, 01:33:30 PM
 #213

Will buy some when the price drops down even further  Wink

The price will drop more if there is no consensus of the bitcoin block chain size. The number of transactions are approaching 1MB soon.

People are waiting for a solution, but the devs don't seem to be ready to agree on a temporarily increase to 2MB. That would be the best option for now.

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November 25, 2015, 02:55:39 PM
 #214

If you see the potential you have to why, is not even an option not to buy, it's obligatory that you do so. If you aren't buying Bitcoin right now, you are the idiot that doesn't see the elephant in the room, and it does feel good being in the minority of the people that see the obvious, it just means we are ahead of the dumbed down pack.

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November 25, 2015, 03:22:01 PM
 #215

Bitcoin is accepted pretty much by everyone if you wanna buy accounts/personal stuff aka resellers and its also pretty good for gambling (poker etc..).

Its superior in many ways to other payment processors and its irreversible as well as annonymous.
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November 25, 2015, 03:31:27 PM
 #216

Will buy some when the price drops down even further  Wink

The price will drop more if there is no consensus of the bitcoin block chain size. The number of transactions are approaching 1MB soon.

People are waiting for a solution, but the devs don't seem to be ready to agree on a temporarily increase to 2MB. That would be the best option for now.

I do not foresee any downfall just due to the reason of blocks get filled up. The alternate solutions like lighting network are in testing phase. So, waiting to buy at lower price levels are meaningless. Buy now or miss the opportunity is the formula I believe.

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November 25, 2015, 03:34:56 PM
 #217

This is a good time to buy bitcoins as everybody is quite hyped up about Black Friday sales.This is really in the air though, very tough risks to take there.You might just hit the jackpot or might as well think what do you do with your bitcoins now.However not a bad idea even if you buy them because in the future they will have a rise.


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rickadone
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November 25, 2015, 03:35:34 PM
 #218

I didn't buy BTC yet.
All btc i got i have earned with selling stuff/services.
In future, im sure, im gonna buy btc.. but for now its enough for me this way Tongue

In my opinion btc is revolutionary.. hope it will get more widely spread among people

You may be doing your life time mistakes or already missed the big opportunities of buying bitcoins for cheaper price of around $220. Spending some small amount of money for buying bitcoins on regular basis regardless of price of bitcoin must be a good way of engaging ourselves into bitcoin ecosystem.

But we need to think of those who bought at $1200 levels. There are pros and cons on buying now in my point of view. So, I do not always buy when ever I find the downfall I buy some bitcoins. I got better average buying price of less than $200 since I'm buying from 2012.

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November 25, 2015, 03:40:35 PM
 #219

I didn't buy BTC yet.
All btc i got i have earned with selling stuff/services.
In future, im sure, im gonna buy btc.. but for now its enough for me this way Tongue

In my opinion btc is revolutionary.. hope it will get more widely spread among people

You may be doing your life time mistakes or already missed the big opportunities of buying bitcoins for cheaper price of around $220. Spending some small amount of money for buying bitcoins on regular basis regardless of price of bitcoin must be a good way of engaging ourselves into bitcoin ecosystem.

But we need to think of those who bought at $1200 levels. There are pros and cons on buying now in my point of view. So, I do not always buy when ever I find the downfall I buy some bitcoins. I got better average buying price of less than $200 since I'm buying from 2012.

Buying at any price of bitcoin will not harm you. Just when bitcoin crosses $1200 levels each and everyone would be in profit for sure. So, buying and holding for some period would be the recommended action with respect to bitcoin. So buy now and hold.



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November 25, 2015, 03:43:11 PM
 #220

But we need to think of those who bought at $1200 levels. There are pros and cons on buying now in my point of view. So, I do not always buy when ever I find the downfall I buy some bitcoins. I got better average buying price of less than $200 since I'm buying from 2012.

You can't compare the average in the past of what is today.

Many changes including the old speculation. So what to do? Buy based on your own analyzation. Go short when the volume of bulls and bears are almost same then go long if you detect a possible big pump or should I say, go long if you see big movement in less than 24 hours like the recent big pump.

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