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Author Topic: Why people are still buying BTC?  (Read 12775 times)
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August 18, 2018, 08:33:29 AM
 #2241

In my opinion, I think the prices of bitcoin currently is at a very attractive level for new investors who are considering to invest some of their money into crypto-currencies, but those investors should be mentally prepared to hold to the bitcoins they purchased for a long period of time as I believe there would still be some months of waiting before the bull market returns.

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August 18, 2018, 08:46:48 AM
 #2242

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  Roll Eyes ). 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 I think that 99.99 % of the bitcoins exchanged are never withdrawn from the exchangers, and the people are only waiting to make some profits.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.

Do some research. You can see a lot of advantages with bitcoin. In which it cam help you to do you transactions easily at the same time, it can be an investment in which it has the same liquidity as the cash. Bitcoin is very accessible. It can help us to be effective at the same time efficient.

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August 18, 2018, 09:09:08 AM
 #2243

people buying btc because they want to earn money or to make profit, they buying btc because btc have a potential to climb up again and you will get high profit
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August 18, 2018, 05:00:22 PM
 #2244

In my opinion, I think the prices of bitcoin currently is at a very attractive level for new investors who are considering to invest some of their money into crypto-currencies, but those investors should be mentally prepared to hold to the bitcoins they purchased for a long period of time as I believe there would still be some months of waiting before the bull market returns.
yes, indeed the price movement of bitcoin lately has more often experienced a decline than an increase, but this is an opportunity for new investors to invest in bitcoin by utilizing a declining market situation. it is possible that bitcoin will raise prices back in a not so short period of time, so they have to hold bitcoin for a long time to get greater profits
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August 18, 2018, 05:33:18 PM
 #2245

People believe that bitcoin is capable of preserving and multiplying their capital. Fiat money for today is losing confidence.
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August 18, 2018, 06:20:18 PM
 #2246

Indeed, it's time to buy BTC, because BTC prices are down and we also have to buy BTC coins in our capital, then we invest in the long term, we will definitely have a lot of profit.

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August 18, 2018, 06:50:03 PM
 #2247

Some believe because they invested a lot and want to return their money, others dream of making good money on it, some more for the idea of bitcoins - the decentralization of the world currency. Many different options, I believe that bitcoin is a good mechanism for payments around the world and if it does not even grow in price it is still an excellent payment tool.

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August 18, 2018, 09:20:06 PM
 #2248

People believe that bitcoin is capable of preserving and multiplying their capital. Fiat money for today is losing confidence.

They can multiply their capital if the market price will increase so make sure to invest every time the market price is dropping in order to earn profit.
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August 18, 2018, 10:14:36 PM
 #2249

People believe that bitcoin is capable of preserving and multiplying their capital. Fiat money for today is losing confidence.

They can multiply their capital if the market price will increase so make sure to invest every time the market price is dropping in order to earn profit.
I agree to that, that is the best thing to do so you can get the best deals in the market. It is just like the sale, the more the percent is off from the original price, is the best so we can save a lot of money but in the other hand, we can maximize the value of the item or thing that we are getting or buying so that is the logic of buying while the market is dropping.

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August 18, 2018, 10:54:49 PM
 #2250

Traders and investors are buying BTC simply because of their postive outlook on bitcoin. They believe that this dip is an opportunity for better profit. They use the principle buying the dips and selling high.

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August 19, 2018, 02:29:04 AM
 #2251

I believe people are still buying btc because they think that it is a good investment and the future of btc is profitable. I also believe the same. People trust bitcoin because its been the number 1 cryptocurrency for a long time and the market decline will recover soon.

Most peoples buying bitcoin because they want earn profits from price rising. In this days, peoples do speculate on bitcoin price, but i am prefer to hold bitcoin as long term investment. Many expert from big banks make prediction bitcoin price could reach $25k end this year but looks its hard target to reach

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August 19, 2018, 02:39:48 AM
 #2252

Those people buying not in support to bitcoin.. Most of those so called buyers bought bitcoin in hopes btc price will double in short most of those who bought want soke interest from their investment in btc

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August 19, 2018, 02:49:14 AM
 #2253

I personally buy Bitcoin because I want to be financially stable in the near future. It is through bitcoin investment that I find myself in a good state now.

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August 19, 2018, 05:37:42 AM
 #2254

People are buying BTC for different purposes. Some is for their own investments and some is to make their money safe and away from their countries economic crisis. Different people different motive this is what makes bitcoin still alive.
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August 19, 2018, 05:44:52 AM
 #2255

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  Roll Eyes ). 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.

Prople are still buying of BTC because they know already the possible big profit if bitcoin price start to go higher. Andd not only that because of a low price many people are availed to buy because of a low price value.
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August 19, 2018, 05:55:16 AM
 #2256

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  Roll Eyes ). 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.


Why people are continuously buying bitcoin? Simply because they need to earn money and also it is the best technique to earn more money. They buy bitcoin to sell it in high price, they wait for the right timing when the bitcoin price increase. In that way they can earn more money.
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August 19, 2018, 06:22:10 AM
 #2257

They are still buying bitcoin because of the price of bitcoin they can buy low price and they will earn more to sell it in a high price. So they will have a big money.
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August 19, 2018, 06:28:06 AM
 #2258

Peoples still buying bitcoin because they can sell it in a high price.
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August 19, 2018, 08:39:00 AM
 #2259

Buy bitcoin to earn revenue, as soon as the bitcoin price rises. And people continue to buy bitcoin, because they see that bitcoin has a future in the market.
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August 19, 2018, 08:56:05 AM
 #2260

Of course, because people still believe in bitcoin, bitcoin is built and grows big by investor confidence factors.
as long as there are those who believe in bitcoin, bitcoin will still exist.
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