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Author Topic: why do you buy bitcoins?  (Read 8399 times)
Mieehayii (OP)
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December 15, 2015, 03:39:03 AM
 #1

a lot of fans said that they would buy bitcoin always, no matter what the price is.

as far as I know, most people buy bitcoin is to sell them, for another fiat, or for moving to another area.

expect day trader who do trading bitcoin is to make a profit that just like other forex or stock, why do you buy bitcoin, if you are not a crazy fans?>?

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December 15, 2015, 03:50:06 AM
 #2


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JimboToronto
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December 15, 2015, 04:09:19 AM
 #3

a lot of fans said that they would buy bitcoin always, no matter what the price is.

as far as I know, most people buy bitcoin is to sell them, for another fiat, or for moving to another area.

expect day trader who do trading bitcoin is to make a profit that just like other forex or stock, why do you buy bitcoin, if you are not a crazy fans?>?

Not all people buy bitcoins to sell them. Some buy coins to spend them.

Everyone's not a ("crazy") trading fanboy. In my case my steadily and slowly accumulated coin stash is both a retirement fund and an investment in Bitcoin itself, the blockchain and the principle of open-source peer-to-peer decentralized networks in general.

Hopefully by the time I need to sell any bitcoins, I won't have to.
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December 15, 2015, 04:25:03 AM
 #4

I buy bitcoin as a pure speculative play, although I did spend them once.  Provident metals gives a discount for using bitcoin and I took advantage of that.  When the price is stable, it's a good currency with a lot of useful features.  When the price is nutty like in 2013 and for the past week, it's good to trade.

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December 15, 2015, 04:32:55 AM
 #5

a lot of fans said that they would buy bitcoin always, no matter what the price is.

as far as I know, most people buy bitcoin is to sell them, for another fiat, or for moving to another area.

expect day trader who do trading bitcoin is to make a profit that just like other forex or stock, why do you buy bitcoin, if you are not a crazy fans?>?

Usually when my tooth falls out I put my tooth under my pillow with a smartphone for the bitcoin fairy.
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December 15, 2015, 06:02:15 AM
 #6

I buy bitcoin because I heard they are going to be worth a lot of money in the future.
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December 15, 2015, 06:03:33 AM
 #7

a lot of fans said that they would buy bitcoin always, no matter what the price is.

as far as I know, most people buy bitcoin is to sell them, for another fiat, or for moving to another area.

expect day trader who do trading bitcoin is to make a profit that just like other forex or stock, why do you buy bitcoin, if you are not a crazy fans?>?

Almost all the bitcoin crazies from European countries people are buying bitcoin with fiat currencies. Even I have most of friends they are doing the same. But I use to buy when the rate is low and I am saving bitcoins for my future investments because this rate go to peak as satoshi predict. that time I will invest it to own wish.
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December 15, 2015, 06:06:35 AM
 #8

Almost all of the people who buy have a lot of expectation regarding price. This seems to be good regarding price rise due to massive buy but without people actually spending bitcoin in daily transaction, the future is quite unknown. If this goes like this, in futute May be large dump and pump making people to think twice before entering into bitcoin market.

 
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December 15, 2015, 06:20:23 AM
 #9

When I first entered the market, most people bought them for drugs. I was hoping to do arbitrage with all the wildly different exchange prices and the inter exchange fiat channels that still existed. That ended up not being so easy, so then I ended up getting into mining and built some GPU miners. However, eventually I ended up just becoming a daytrader. Some of the proceeds I spent the coins directly at stores like Tiger Direct, and a gold/silver investment.
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December 15, 2015, 07:31:49 AM
 #10

I do buy bitcoins not for short term profits like selling them when hitting $1000 levels. I do see many people are buying bitcoin just for momentary benefits. My intentions are keeping bitcoin for my retirement. Then only I can get the full investment benefit of bitcoin.
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December 15, 2015, 07:41:04 AM
 #11

I bought just to play bitcoin trades and I buy bitcoin, depending on the situation bitcoin price , if deemed bitcoin prices have gone up high enough I did not dare to buy, but I better wait bitcoin prices back down
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December 15, 2015, 07:52:39 AM
 #12

not buying anymore, i've bought back what i've sold at other rate and that's it, i prefer to accumualte in other way and directly

but i convinced my father to buy some at 350, so he is making a tiny profit already, feel good  Grin
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December 15, 2015, 08:12:36 AM
 #13

not buying anymore, i've bought back what i've sold at other rate and that's it, i prefer to accumualte in other way and directly

but i convinced my father to buy some at 350, so he is making a tiny profit already, feel good  Grin

I suggested one of my friend to buy at the levels of $240 some 4 bitcoins considering a round amount of $1000. But he bought only one bitcoin. Now he is regretting not following my suggestions and not buying for $2000. It's all happen. Many people just turn greedy when see some profits.
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December 15, 2015, 09:47:36 AM
 #14

People who buy bitcoins how matters the price is. They are the person who just collect it and wait for the revolution that bitcoin grows.
Some they will trade it, for me I am just buying bitcoins so that I can buy some goodies, because the most goodies you can buy with normak money. And I am also holding it for me and for my family  if we are lucky that bitcoin grows.
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December 15, 2015, 09:59:14 AM
 #15

a lot of fans said that they would buy bitcoin always, no matter what the price is.

as far as I know, most people buy bitcoin is to sell them, for another fiat, or for moving to another area.

expect day trader who do trading bitcoin is to make a profit that just like other forex or stock, why do you buy bitcoin, if you are not a crazy fans?>?

Not all people buy bitcoins to sell them. Some buy coins to spend them.

Everyone's not a ("crazy") trading fanboy. In my case my steadily and slowly accumulated coin stash is both a retirement fund and an investment in Bitcoin itself, the blockchain and the principle of open-source peer-to-peer decentralized networks in general.

Hopefully by the time I need to sell any bitcoins, I won't have to.

spend bitcoin is not easy, you may know, there are not so much Stores or Shops who are willing to accept bitcoin.

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December 15, 2015, 09:59:48 AM
Last edit: December 16, 2015, 09:44:27 AM by Newcoins2020
 #16

I don't buy bitcoins to sell or to spend. I buy bitcoins to hold.
At some point I will sell but it will be awhile when I'm willing to do that. I'm waiting for bitcoin to reach a new ATH and then I'll think about selling.
But currently we still haven't reached the top in my opinion.
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December 15, 2015, 09:59:58 AM
 #17

1. To save up
2. To ride the bullish market
3. As a result of 1 and 2 i make money

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December 15, 2015, 10:19:23 AM
 #18

For me I don't buy bitcoins that often I just want to earn it so I don't touch my fiat money. I just collect it true signature campaign and other methods like a online join that pays bitcoin. But buying bitcoins is nice when is low and when is high then you can sell it and mkae profit.
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December 15, 2015, 10:25:40 AM
 #19

For the same reason everyone buys bitcoin; to sell to the next bagholder for a higher price. Gimme those dollars baby!

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December 15, 2015, 10:27:04 AM
 #20

Beside buying coins for trading purposes, I buy Bitcoins if I have want to pay some one or if I want to purchase something. At this point I don't buy coins for holding them as I am already happy with the coins I currently have.
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