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Author Topic: Why people are still buying BTC?  (Read 12749 times)
human2021
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August 19, 2018, 08:39:00 AM
 #2261

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
 #2262

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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August 19, 2018, 10:11:48 AM
 #2263

Although it is already considered by some people as obsolete, investors keep on buying it because it is still profitable and many people still earn a lot of money from it. It has the largest market capitalization and a value that many cryptocurrencies are to reach but all of them failed. The bitcoin dominance will continue as long as people believe in its capability to solve their financial needs.

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August 19, 2018, 02:52:48 PM
 #2264

People continuously trusting and supporting bitcoin that’s why they are still buying it despite of the volatility of its price. They trust that the price of bitcoin will rise up again and again even if it drop down. And bitcoin will never be useless and it was profitable that’s why it became popular. Because of plush bitcoin some people can have money that they can be used on their expenses.

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August 19, 2018, 02:56:51 PM
 #2265

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.
I think it is because they still believe of the ability of the bitcoin. Even if the price is bad before, now the price of bitcoin is continuously increasing day by day. Just have a patience.

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Red Fire
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August 19, 2018, 03:22:57 PM
 #2266

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.
Bitcoin is the pioneer of all coins that's why they still believe on the capacity of bitcoin. They know that the bitcoins down side is just for temporary. I hope bitcoin price will still increase.

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eko23
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August 19, 2018, 04:01:16 PM
 #2267

So many people until now still buying btc because the stock btc in market will less every years who make thr price will more expensive
BCTalkaccountforsale
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August 19, 2018, 04:32:21 PM
 #2268

Bitcoin is one of the top digital forensics in all trading platforms. I think the stability of Bitcoin is the reason for people to invest in it. Up to now, people know bitcoin more than just for its value but also for its widespread use. I hope in the future Bitcoin and other Altcoin will thrive.

Sharuk9822C
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August 19, 2018, 04:48:30 PM
 #2269

It's a good coin, it's a good investment. Bitcoin invests in making it an asset for people. Today bitcoin prices are low. Therefore people buy bitcoin. Because they believe bitcoin is going to be a big value again a year or so. Therefore, people are investing in bitcoin with a huge profit. Bitcoin coins are the best coins.
kangkilokang
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August 19, 2018, 04:53:37 PM
 #2270

Bitcoin is one of the top digital forensics in all trading platforms. I think the stability of Bitcoin is the reason for people to invest in it. Up to now, people know bitcoin more than just for its value but also for its widespread use. I hope in the future Bitcoin and other Altcoin will thrive.

there is nothing stable in cryptocurrency, that's the reason for the temporary hype that is always high, whatever happens, many media or even the government always focuses on bitcoin, something impulsive like this coin has a good impact on increasing value

let's say if the world recognizes cryptocurrencies, then bitcoin is the first time bought by many people, and that is very beneficial for the previous holder because of a very significant price increase.
hulla
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August 19, 2018, 08:34:09 PM
 #2271

Your rank is Sr member but still asking why do people buy bitcoin?
many reasons people buy bitcoin. one of them because they believe the price of bitcoin will be more expensive. and bitcoin is the best investment asset for now.
I guess you don't all the OP post before jumping into conclusion because the OP point the reason he/she ask the question. In addituon, the OP was curious with the level of support which bitcoin still gain from the community and investors despite the negative/bad message of the government official against bitcoin and the MTgox critized for lags, missing coins, money, delay, and hack issues.

OP, was surprised cause all the mentioned issues are enough to chase cryptonier and the investors away from bitcoin.

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