Why people are still buying BTC?

[Dmitry.Vastov]

People are still buying bitcoin because:
With its market capital of $132 billion, the coin is no longer under a financial bubble and hence the investments are less risky.
The coin is decentralised and hence not bound to any rules and regulations by any government.
It allows one to make transactions throughout the world and also with its pseudoanonymous nature, keeps the transactions secure.
Being the pioneer of cryptos, the coin has a first mover advantage and is called the king of cryptos.

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[icoprofits]

people are still buying Btc because they trust btc and they trust the growth of blockchain technology so they believe the price will touch new all time high

[sigam batat]

Although bitcoin prices are getting lower but why people still buy it may be because the people who buy it believe that bitcoin will rise again at the end of the year and with this they will benefit a lot from the bitcoin that he bought today

[pallang]

Even though Bitcoin is volatile right people are still buying it because they believe in the capacity and also the value of it that it is still be the most valuable and the most popular if all coins.

[Seeker#9]

Bitcoin is already a proven alternative to fiat for both investment and transaction. Many investors and traders have been benefitted from bitcoin's volatility by holding it till the target price is achieved. The demand for bitcoin will continue to rise in the coming days because buyers believe that the top cryptocurrency is still worth buying for.

[Triwiyono]

maybe people keep buying bitcoins because they want to invest, want to make a profit and want to get rich quickly. we know, some people who know bitcoin get rich quick or have more income. so maybe people will think the same thing as buying bitcoin, to be sold again also when the price is expensive.

[futureofeth]

maybe people keep buying bitcoins because they want to invest, want to make a profit and want to get rich quickly. we know, some people who know bitcoin get rich quick or have more income. so maybe people will think the same thing as buying bitcoin, to be sold again also when the price is expensive.

I don't agree with you, Bitcoin is not giving huge profit in short period of time because people who bought the Bitcoin at a higher price are not making any profit yet but still, they keep waiting when the price of Bitcoin will increase.

[jojowar]

People are still buying bitcoin because they still believe that bitcoin is a good investment. If you study hard about bitcoin, cryptocurrency and have patience there will be success in bitcoining.

[Savemore]

Many investors are aware on the benefits that they can get from buying BTC and it is the reason why they keep patronizing it. I am one of the investors who keep buying and using bitcoin because of the incentives that I always getting.

[Okalaz]

Hello guys,

To me, it seems pretty strange that people actually continues buying btc now...
I understood why they wanted to invest in btc before, after the Chyprus crisis, and all the articles in the media. But now?

I don't get it.


Bitcoin is useless, and will most likely never be used as a currency. I spent hours trying to get my first bitcoins (satoshi actually), and after working for ages, I only got 0.002 btc, which does not even allow me to proceed to a transaction (the fees are higherthan that amount  ). When you compare it with CC or paypal, it seems that they are free to use in comparison! Not to mention the time required to actually proceed to a transaction which can be anything between 1 minute and ... 1 year (or more?).

The only possible reason I see people are buying btc is that they (truly) believe that the price will increase, and want to make more profit. I think that 99.99 % of the bitcoins exchanged are never withdrawn from the exchangers, and the people are only waiting to make some profits. What makes them believe that the price will rise? Because the amount of bitcoins is limited? Because lost coins can never be recovered? I have no clue.


An other problem is the "mining" part. Soon, the difficulty will increase, CPU and GPU mining will be useless. People will stop mining bitcoins and try LTC or something easy to get... The interest in btc will decrease.


Other issues:
- security. Not a single company was able to provide a "professional" service. Bitcoin-24 has a serious problem ( https://bitcointalk.org/index.php?topic=174600.0 ). Even mtgox was critized for the lags, problems with missing coins, money, delay, and so on ... The hacks are countless (you can see new topics about that every day ...).


I can't see anything positive about btc, and still can't get why people are buying it. Can any captain obvious explains? Thanks.

Bitcoin is full of usefulness, bitcoin can be used as currency for transaction needs and bitcoin also has the potential to continue to increase so it is very good in investment, and because of its benefits so many people choose bitcoin.

[connexus]

People do still buy bitcoin because of the high rate of returns in investing in bitcoin the longer we hold it the higher the income we could generate.

[Angela28]

Do you know that according to statisticians they have statistic that the rate of bitcoin buyers has not decreased yet it shows that what we are investing is the trend of investors

[boksoon]

Hello guys,

To me, it seems pretty strange that people actually continues buying btc now...
I understood why they wanted to invest in btc before, after the Chyprus crisis, and all the articles in the media. But now?

I don't get it.


Bitcoin is useless, and will most likely never be used as a currency. I spent hours trying to get my first bitcoins (satoshi actually), and after working for ages, I only got 0.002 btc, which does not even allow me to proceed to a transaction (the fees are higherthan that amount  ). When you compare it with CC or paypal, it seems that they are free to use in comparison! Not to mention the time required to actually proceed to a transaction which can be anything between 1 minute and ... 1 year (or more?).

The only possible reason I see people are buying btc is that they (truly) believe that the price will increase, and want to make more profit. I think that 99.99 % of the bitcoins exchanged are never withdrawn from the exchangers, and the people are only waiting to make some profits. What makes them believe that the price will rise? Because the amount of bitcoins is limited? Because lost coins can never be recovered? I have no clue.


An other problem is the "mining" part. Soon, the difficulty will increase, CPU and GPU mining will be useless. People will stop mining bitcoins and try LTC or something easy to get... The interest in btc will decrease.


Other issues:
- security. Not a single company was able to provide a "professional" service. Bitcoin-24 has a serious problem ( https://bitcointalk.org/index.php?topic=174600.0 ). Even mtgox was critized for the lags, problems with missing coins, money, delay, and so on ... The hacks are countless (you can see new topics about that every day ...).


I can't see anything positive about btc, and still can't get why people are buying it. Can any captain obvious explains? Thanks.

People are still buying BTC until now even if the price are too slow because of the big potential to get profit through long term investment of BITCOIN, that's very true now is the time to buy BTC because of an affordable price. lots of people are being wise in terms of investment i think this time we grab the opportunity to avail it, because chances is not  always be there.

[vickycoin05]

People are still buying bitcoin because they still believe that bitcoin is a good investment. If you study hard about bitcoin, cryptocurrency and have patience there will be success in bitcoining.

They still buy btc because they still have the confidence and power of bitcoin. They trust bitcoin more any other coins and they believe bitcoin can survive whatever trials may come.

[rose8963]

The real reason is not like that. They are buying bitcoin because they know that is the main currency for the market of the cryptocurrencies and when they have bitcoin then they can buy any type of cryptocurrency that they wanted to buy in the market so it is not like having ethereum that you are limited to the tokens or coins that you can buy. Investing in bitcoin is too risky but putting your money in the banks will not give you the opportunity to change your life and becoming rich someday

[gerald246kru]

People still buy Bitcoin because keeping the assumption of rationality in mind; people are rational and have perfect market information about the technology. They know the expected future return and perks and benefits they will reap when the market is green and the prices are stable. I think people are still continue to buy bitcoin and other cryptocurrencies, because they see the potential in it

[110910ktx]

You can't compare your experience to other people. just Because you only got a few amounts of Bitcoin, it doesn't mean that all of us have the same situation. People are buying Bitcoin because first of all, they know what they are doing, they must have been with Bitcoin for a long time. It is probably because many are still confident that they will earn from bitcoin. It was a great news when companies had used bitcoin as payments

[Gumpfire]

Hello guys,

To me, it seems pretty strange that people actually continues buying btc now...
I understood why they wanted to invest in btc before, after the Chyprus crisis, and all the articles in the media. But now?

I don't get it.


Bitcoin is useless, and will most likely never be used as a currency. I spent hours trying to get my first bitcoins (satoshi actually), and after working for ages, I only got 0.002 btc, which does not even allow me to proceed to a transaction (the fees are higherthan that amount  ). When you compare it with CC or paypal, it seems that they are free to use in comparison! Not to mention the time required to actually proceed to a transaction which can be anything between 1 minute and ... 1 year (or more?).

The only possible reason I see people are buying btc is that they (truly) believe that the price will increase, and want to make more profit. I think that 99.99 % of the bitcoins exchanged are never withdrawn from the exchangers, and the people are only waiting to make some profits. What makes them believe that the price will rise? Because the amount of bitcoins is limited? Because lost coins can never be recovered? I have no clue.


An other problem is the "mining" part. Soon, the difficulty will increase, CPU and GPU mining will be useless. People will stop mining bitcoins and try LTC or something easy to get... The interest in btc will decrease.


Other issues:
- security. Not a single company was able to provide a "professional" service. Bitcoin-24 has a serious problem ( https://bitcointalk.org/index.php?topic=174600.0 ). Even mtgox was critized for the lags, problems with missing coins, money, delay, and so on ... The hacks are countless (you can see new topics about that every day ...).


I can't see anything positive about btc, and still can't get why people are buying it. Can any captain obvious explains? Thanks.

In my own personal opinion, people buy bitcoin because it is still beneficial to every people who needs momey for them to pay all of their expenses and to provide all of their basic needs. Bitcoin is still a good long term investment even it has a low price today that is why a lot of people are still interested to used bitcoin.

[Jedzkie050617]

People still buy Bitcoin because keeping the assumption of rationality in mind; people are rational and have perfect market information about the technology. They know the expected future return and perks and benefits they will reap when the market is green and the prices are stable. I think people are still continue to buy bitcoin and other cryptocurrencies, because they see the potential in it

They still hoping that bitcoin will surpass this price down. They believe that bitcoin is still the king of all cryptocurrency. Bitcoin always experience this circumstance but in the end bitcoin survive other than that bitcoin is always beneficial to all who ever who purchases it. Good profits will come you're way in right time.

[Cacao2017]

People are still racing to buy bitcoin. It is obvious that we do not have to be surprised by the bitcoin values that bring us economics, the bitcoin members will know so they still buy bitcoin.