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Author Topic: Why do you buy Bitcoins?  (Read 66620 times)
uname
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February 24, 2016, 11:51:30 PM
 #101

Just for trading btc/altcoin and btc/dolar make a profit on there and sometime using bitcoin for buy goods

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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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chesthing
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February 25, 2016, 01:37:32 AM
 #102

Reading this thread, nobody mentions that they are using bitcoin for it's intended purposes - to transfer value and as a storage of value. It's all about buying low selling high for fiat gain and use for gambling. Granted, the mainstream has no interest in bitcoin so maybe it is just a bunch of shit propped up by those who hold a bunch of them.
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February 25, 2016, 01:48:25 AM
 #103

Im buying bitcoin for trade it, but not all of my bitcoin i trade , i save some btc for future, because im sure in future bitcoin can survive.
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February 25, 2016, 01:53:43 AM
 #104

Im buying bitcoin for trade it, but not all of my bitcoin i trade , i save some btc for future, because im sure in future bitcoin can survive.
so it's same purpose ? trade for profit and safe for future to makes a profit too ? no different.

bitcoin it's the best way to safe my money(real money after exchange it) then if i really need money i'll exchange it again.
i have use this method for 3 months, so no money on bank anymore.

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February 25, 2016, 02:03:33 AM
 #105

Reading this thread, nobody mentions that they are using bitcoin for it's intended purposes - to transfer value and as a storage of value. It's all about buying low selling high for fiat gain and use for gambling. Granted, the mainstream has no interest in bitcoin so maybe it is just a bunch of shit propped up by those who hold a bunch of them.
because most of people on this forum is worker man! they work in bitcoin for profit not for full using. unless you ask a real bitcoin users
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February 25, 2016, 02:09:23 AM
 #106

Some people have services only payable through Bitcoin. Mind you, they are legitimate services. I've never bothered with the dark web nor will I ever. I just find it a convenient and in-a-way "safe" thing to use than services like PayPal.
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February 25, 2016, 02:11:09 AM
 #107

Reading this thread, nobody mentions that they are using bitcoin for it's intended purposes - to transfer value and as a storage of value. It's all about buying low selling high for fiat gain and use for gambling. Granted, the mainstream has no interest in bitcoin so maybe it is just a bunch of shit propped up by those who hold a bunch of them.
because most of people on this forum is worker man! they work in bitcoin for profit not for full using. unless you ask a real bitcoin users

i think 70% of bitcoin user is trader for take profit in fiat, and 20% of them investor for future (same as trader but for long term) , and 10% of them believer in bitcoin technology
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February 25, 2016, 07:01:27 AM
 #108

Some people have services only payable through Bitcoin. Mind you, they are legitimate services. I've never bothered with the dark web nor will I ever. I just find it a convenient and in-a-way "safe" thing to use than services like PayPal.

Right. paypal got large transaction fees unlike bitcoin where you just pay a little satoshis to pay online services. Those satoshis converted are just like cents to dollar. Bitcoin would be the right choice.
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February 25, 2016, 08:47:56 AM
 #109

Some people have services only payable through Bitcoin. Mind you, they are legitimate services. I've never bothered with the dark web nor will I ever. I just find it a convenient and in-a-way "safe" thing to use than services like PayPal.

Right. paypal got large transaction fees unlike bitcoin where you just pay a little satoshis to pay online services. Those satoshis converted are just like cents to dollar. Bitcoin would be the right choice.

Good perspective. One query paypal has high transaction fees, but when you use bitcoin there is not much services accepting bitcoin. Also if you do exchange and use your bitcoin the exchange rate is low. Finally you would be paying value equal to what paid through paypal.

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February 25, 2016, 09:06:32 AM
 #110

Just like others, I'm prepping up for the upcoming halving. Not to mention, bitcoin just came from a price dip so it's a good time to buy.

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February 25, 2016, 09:10:06 AM
 #111

Im buying bitcoin for trade it, but not all of my bitcoin i trade , i save some btc for future, because im sure in future bitcoin can survive.
Yeah I also do trading btc/altcoin. so I had to have bitcoin for capital and benchmark.
a little bit ambiguous. you're investing for the future for sure bitcoin survive? lol you do not want to see prices rise in the future? just want to survive?
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February 25, 2016, 02:33:06 PM
 #112

Just like others, I'm prepping up for the upcoming halving. Not to mention, bitcoin just came from a price dip so it's a good time to buy.

Yeah, its a right time to buy, as price would be higher after the halving, so its a best price to make some investment into bitcoins, as we can earn some good profits after the halving.
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February 25, 2016, 03:06:20 PM
 #113

Just like others, I'm prepping up for the upcoming halving. Not to mention, bitcoin just came from a price dip so it's a good time to buy.

Yeah, its a right time to buy, as price would be higher after the halving, so its a best price to make some investment into bitcoins, as we can earn some good profits after the halving.

yes, we have a great level of expectations from halving, as we have waited too long for some good news and I feel that halving will bring some positive news and earn us good profits.
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February 25, 2016, 03:13:48 PM
 #114

i do buy Bitcoins for resale again basically for my trading activity and buy when prices down and sell when prices rise up
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February 25, 2016, 03:57:44 PM
 #115

i do buy Bitcoins for resale again basically for my trading activity and buy when prices down and sell when prices rise up

That is the best strategy to follow, as we all want to make some profits in a quick time, and bitcoin is taking care of it, so buying at a moment is the right thing to do.
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February 25, 2016, 04:15:11 PM
 #116

i do buy Bitcoins for resale again basically for my trading activity and buy when prices down and sell when prices rise up

You have to be a genius to figure out when prices are up and when prices are down.
$300 seemed to be a peak a few months back.
People will be dieing to buy at those prices right now.
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February 25, 2016, 04:42:11 PM
 #117

i do buy Bitcoins for resale again basically for my trading activity and buy when prices down and sell when prices rise up

You have to be a genius to figure out when prices are up and when prices are down.
$300 seemed to be a peak a few months back.
People will be dieing to buy at those prices right now.

Very rightly said, very difficult to predict the best price to buy, as we don't know what bitcoin holds for us very next day, so it totally depends on luck to buy and sell your coins.
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February 25, 2016, 05:40:46 PM
 #118

i do buy Bitcoins for resale again basically for my trading activity and buy when prices down and sell when prices rise up

You have to be a genius to figure out when prices are up and when prices are down.
$300 seemed to be a peak a few months back.
People will be dieing to buy at those prices right now.

Very rightly said, very difficult to predict the best price to buy, as we don't know what bitcoin holds for us very next day, so it totally depends on luck to buy and sell your coins.
We all buy Bitcoins because we think it has now a low value to buy it. If you can but it with a low value than the chance is higher that you can make some more money later.
But to predict a currency it is very difficult. You never know what can happen later in the future.
y8tvkid
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February 25, 2016, 06:01:42 PM
 #119

i do buy Bitcoins for resale again basically for my trading activity and buy when prices down and sell when prices rise up

You have to be a genius to figure out when prices are up and when prices are down.
$300 seemed to be a peak a few months back.
People will be dieing to buy at those prices right now.

Very rightly said, very difficult to predict the best price to buy, as we don't know what bitcoin holds for us very next day, so it totally depends on luck to buy and sell your coins.
We all buy Bitcoins because we think it has now a low value to buy it. If you can but it with a low value than the chance is higher that you can make some more money later.
But to predict a currency it is very difficult. You never know what can happen later in the future.

Yeah, that is the major issue with bitcoins, that we are not sure when to buy it and when to sell it, as the price is difficult to predict so we can never say that this is the best price to buy.
reputedchain
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February 26, 2016, 03:11:06 AM
 #120

i do buy Bitcoins for resale again basically for my trading activity and buy when prices down and sell when prices rise up

You have to be a genius to figure out when prices are up and when prices are down.
$300 seemed to be a peak a few months back.
People will be dieing to buy at those prices right now.

Very rightly said, very difficult to predict the best price to buy, as we don't know what bitcoin holds for us very next day, so it totally depends on luck to buy and sell your coins.
We all buy Bitcoins because we think it has now a low value to buy it. If you can but it with a low value than the chance is higher that you can make some more money later.
But to predict a currency it is very difficult. You never know what can happen later in the future.

Yeah, that is the major issue with bitcoins, that we are not sure when to buy it and when to sell it, as the price is difficult to predict so we can never say that this is the best price to buy.

That's true and if we could judge then we would be the richest person on the earth, but that's simply impossible when it comes to predicting the price of bitcoins.

 
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