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Author Topic: Are you buying bitcoins? Why?  (Read 307188 times)
chaser15
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September 23, 2016, 03:18:14 AM
 #3861

yes I'm sometimes buying bitcoins because of the fact its profitable and maybe the future of all currency's who knows right ?
The bitcoin is gonna get bigger and bigger and with just holding you can already make some nice profits right now.

And with holding you might lose too.

It's still better to act when there is an ongoing price rally that happens rather than to hold for long. People are waiting for such a dream price and their saved coins are jsut saved. They will have instead a more profit if they take the ride for every price rally rather than to hold for long.

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September 23, 2016, 03:52:37 AM
 #3862

yes I'm sometimes buying bitcoins because of the fact its profitable and maybe the future of all currency's who knows right ?
The bitcoin is gonna get bigger and bigger and with just holding you can already make some nice profits right now.
We are more on a long term investors here rather than sure term, the real value of bitcoin is really in the future therefore we should not waste the time and the opportunity to buy more bitcoins at the cheapest price now, be part of the success.
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September 23, 2016, 03:59:56 AM
 #3863

yes I'm sometimes buying bitcoins because of the fact its profitable and maybe the future of all currency's who knows right ?
The bitcoin is gonna get bigger and bigger and with just holding you can already make some nice profits right now.

And with holding you might lose too.

It's still better to act when there is an ongoing price rally that happens rather than to hold for long. People are waiting for such a dream price and their saved coins are jsut saved. They will have instead a more profit if they take the ride for every price rally rather than to hold for long.

it is an investment and just like any other investment there is always risks. so you make an assessment based on what you see and weigh the profit against the loss and if profit part is heavier and more then you invest.

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September 23, 2016, 04:09:33 AM
 #3864

yes I'm sometimes buying bitcoins because of the fact its profitable and maybe the future of all currency's who knows right ?
The bitcoin is gonna get bigger and bigger and with just holding you can already make some nice profits right now.

And with holding you might lose too.

It's still better to act when there is an ongoing price rally that happens rather than to hold for long. People are waiting for such a dream price and their saved coins are jsut saved. They will have instead a more profit if they take the ride for every price rally rather than to hold for long.

it is an investment and just like any other investment there is always risks. so you make an assessment based on what you see and weigh the profit against the loss and if profit part is heavier and more then you invest.

The greater the risk the greater the gain.  You should not risk the amount you cannot afford to lose, that what they always say if you want to invest.  As of my observation, there is a rare chance that you might lose when you invest.  It is always positive that you will came up with a profit.  Though you really have to be open on the possibility that there is a chance of losing to.
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September 23, 2016, 04:34:51 AM
 #3865

Because of the technology, which  solves many real-world problems, and earning potential.  This means that I buy  bitcoin for my future and for a better economy.
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September 23, 2016, 05:35:11 AM
 #3866

Because of the technology, which  solves many real-world problems, and earning potential.  This means that I buy  bitcoin for my future and for a better economy.
Bitcoin is the best digital currency that has ever invented but it is not that easy because we need to convince the people to use it and show them the real value and benefits of using bitcoin, if we buy that is a sign of support and the more the demand will increase we will have a bright future ahead of us.

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September 23, 2016, 09:09:06 AM
 #3867

Because of the technology, which  solves many real-world problems, and earning potential.  This means that I buy  bitcoin for my future and for a better economy.
Bitcoin is the best digital currency that has ever invented but it is not that easy because we need to convince the people to use it and show them the real value and benefits of using bitcoin, if we buy that is a sign of support and the more the demand will increase we will have a bright future ahead of us.

Yes and its really hard to convince people around us as they are not aware about the new technology and they hesitate in investing in their money in something which is totally new to them.
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September 23, 2016, 09:36:06 AM
 #3868

I'm buying small amounts, but  I'm planning to buy more in  the future. I think it is one of the few  safe investments in the cryptocurrency space.
You had realized the right reason to buy bitcoins and you will get your benefits in future for sure.

I am also buying bitcoin with the intention of gaining more profits in future, but I'm not sure how long I will be able to hold it without spending it. Buying bitcoin is not that much important when compared to holding it for long period.
Yes, buying bitcoin is less significant for getting the maximum benefits from its price appreciation. Holding it for long haul must be the very much needed thing to get what we are aiming when buying bitcoins. People do forget it, and will sell of their bitcoins when they are seeing some $100 profit for their investment and get trapped from future price appreciation benefits.
Yes, it is a real trap if you are so greedy. If you believe in a strong bitcoin's future, then you will not get disturbed from your intentions of gaining maximum profit from future price levels of bitcoins. But, so far many early adopter had failed to hold for long duration as every human will get tempted by seeing their money got multiplied.
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September 23, 2016, 09:49:13 AM
 #3869

Every month I buy 0.5 and keep them in cold storage and I really don't bother what price it is holding, as its an long term investment for me and I am pretty sure that price will definitely go higher in future.
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September 23, 2016, 10:10:18 AM
 #3870

Share with us what's your main reason for buying bitcoins?

Of course that i buy bitcoins, if i wouldn't buy them i wouldn't be on this forum Smiley

And reasons... Well they are very simple. First of all it is very easy and fun to gamble with them, when i feel lucky i gamble few $ on sport and i place my bet in minutes, not like with fiat money.
I also love to buy tech with bitcoins now, since there are loads of new online stores that accepts bitcoins as payment,  i ought phone, earphones, and some really nice t-shirts for bitcoins. So these are main reasons why i buy bitcoins, i can't think of any other ones.
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September 23, 2016, 11:09:30 AM
 #3871

yes I'm sometimes buying bitcoins because of the fact its profitable and maybe the future of all currency's who knows right ?
The bitcoin is gonna get bigger and bigger and with just holding you can already make some nice profits right now.
I think the only reason that is often encountered is someone buying bitcoin to invest and earn profits in bitcoin. rarely did I see someone buying bitcoin to buy something

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September 23, 2016, 12:43:10 PM
 #3872

yes I'm sometimes buying bitcoins because of the fact its profitable and maybe the future of all currency's who knows right ?
The bitcoin is gonna get bigger and bigger and with just holding you can already make some nice profits right now.
I think the only reason that is often encountered is someone buying bitcoin to invest and earn profits in bitcoin. rarely did I see someone buying bitcoin to buy something

Because why would you buy bitcoin if your fiat money can buy you directly of the goods you need, that is why many here has a testimony of buying bitcoin cause they want to trade, or if the value of bitcoin gets low then that can be an investment for them if bitcoin goes sky rocket! I am not saying all are buying bitcoin for that purpose only but almost everyone was doing it, and if your buying bitcoins to buy goods in the internet I think there are not many bitcoin users are doing that because not all goods are available with bitcoin in certain countries!
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September 23, 2016, 01:05:06 PM
 #3873

Yes, i am buying bitcoins, because i want invest some of my money into bitcoins and i also use my bitcoins for trading and gambling. That's why i always buying bitcoins.
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September 23, 2016, 01:20:03 PM
 #3874

Yes, i am buying bitcoins, because i want invest some of my money into bitcoins and i also use my bitcoins for trading and gambling. That's why i always buying bitcoins.
Me, I will buy only bitcoins when I am out of funds because of gambling, so far I am not profitable in gambling but I really like to have fun all the time. I have divided my money into investments and for entertainment and I make sure I do not spend my bitcoin for business in gambling.

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September 23, 2016, 01:25:43 PM
 #3875

Yes, i am buying bitcoins, because i want invest some of my money into bitcoins and i also use my bitcoins for trading and gambling. That's why i always buying bitcoins.
Me, I will buy only bitcoins when I am out of funds because of gambling, so far I am not profitable in gambling but I really like to have fun all the time. I have divided my money into investments and for entertainment and I make sure I do not spend my bitcoin for business in gambling.

I think to save better you should avoid gambling as you may win once or twice but in long run you will be going through loss and its not wise to buy bitcoins only for gambling.
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September 23, 2016, 01:55:11 PM
 #3876

Yes, i am buying bitcoins, because i want invest some of my money into bitcoins and i also use my bitcoins for trading and gambling. That's why i always buying bitcoins.
Me, I will buy only bitcoins when I am out of funds because of gambling, so far I am not profitable in gambling but I really like to have fun all the time. I have divided my money into investments and for entertainment and I make sure I do not spend my bitcoin for business in gambling.

I think to save better you should avoid gambling as you may win once or twice but in long run you will be going through loss and its not wise to buy bitcoins only for gambling.

But he can do what ever he wants with his bitcoin maybe he is just rich and don't know what to do with his money so he would buy bitcoins to play online gambling, but actually in realization with this gambling will sometimes not help with increasing your bitcoin it sometimes consumes all you bought bitcoins instead of making an income with gambling.
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September 23, 2016, 01:59:30 PM
 #3877

Yes, i am buying bitcoins, because i want invest some of my money into bitcoins and i also use my bitcoins for trading and gambling. That's why i always buying bitcoins.
Me, I will buy only bitcoins when I am out of funds because of gambling, so far I am not profitable in gambling but I really like to have fun all the time. I have divided my money into investments and for entertainment and I make sure I do not spend my bitcoin for business in gambling.

I think to save better you should avoid gambling as you may win once or twice but in long run you will be going through loss and its not wise to buy bitcoins only for gambling.

But he can do what ever he wants with his bitcoin maybe he is just rich and don't know what to do with his money so he would buy bitcoins to play online gambling, but actually in realization with this gambling will sometimes not help with increasing your bitcoin it sometimes consumes all you bought bitcoins instead of making an income with gambling.

If you are depending on gambling for making money then that is a big risk to take as results won't be in your favor every time and at the end of the day you will loose every thing that you have.
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September 23, 2016, 04:54:49 PM
 #3878

Yes, i am buying bitcoins, because i want invest some of my money into bitcoins and i also use my bitcoins for trading and gambling. That's why i always buying bitcoins.
Me, I will buy only bitcoins when I am out of funds because of gambling, so far I am not profitable in gambling but I really like to have fun all the time. I have divided my money into investments and for entertainment and I make sure I do not spend my bitcoin for business in gambling.

I think to save better you should avoid gambling as you may win once or twice but in long run you will be going through loss and its not wise to buy bitcoins only for gambling.

But he can do what ever he wants with his bitcoin maybe he is just rich and don't know what to do with his money so he would buy bitcoins to play online gambling, but actually in realization with this gambling will sometimes not help with increasing your bitcoin it sometimes consumes all you bought bitcoins instead of making an income with gambling.

If you are depending on gambling for making money then that is a big risk to take as results won't be in your favor every time and at the end of the day you will loose every thing that you have.
i guess that also depends on the games he plays. some of them can be profitable if you know how. there are professional gamblers, but i am almost sure you are not on this forum if you are one of those. and hey it is your money, but do not blame bitcoin if you lose.

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September 23, 2016, 06:00:53 PM
 #3879

It's a relatively new currency, with several advantages in relation to fiat currency,
as fast and safe transactions, so  I consider a good investment.
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September 24, 2016, 08:09:50 AM
 #3880

It's a relatively new currency, with several advantages in relation to fiat currency,
as fast and safe transactions, so  I consider a good investment.
This is new to the people therefore they would not understand it if you will not explain them thoroughly, even if some professional people has no interest in bitcoin because of its risky by nature that it is not regulated but we should not let them think that way, instead tell them the benefits so that our coins that we bought will have a great value once massive adoption will be achieve.
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