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Author Topic: Why people are still buying BTC?  (Read 13649 times)
bitbybit2
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June 17, 2013, 06:33:43 PM
 #61

Why are people buying bitcoins? Simply because we know for sure that it is not a scam or ponzi scheme.
Adrian-x
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June 18, 2013, 01:16:37 AM
 #62

Why are people buying bitcoins? Simply because we know for sure that it is not a scam or ponzi scheme.
LOL, tell my wife that, and she'll eat you for breakfast.

Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
saddambitcoin
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June 18, 2013, 04:10:28 AM
 #63

it is a ponzi scheme, the problem is nobody will admit that our current lifestyle is all a ponzi scheme so your wife can be right and also buy bitcoins too.

BitChick
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June 18, 2013, 04:30:38 AM
 #64

I am very excited about BTC for numerous reasons but I already have practical reasons to be excited.  I will be saving an easy $100 in a month when our family goes on vacation on exchange fees.  How?  We are going to meet up with a local resident and exchange our BTC for fiat and save ourselves the expensive fees banks will charge us for doing that.  Smiley  We are also looking for restaurants that will take BTC so we do not have to pay exchange fees as well.  Already, I am really happy to have BTC, and this is just one little example.

1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
Dabs
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June 18, 2013, 04:51:10 AM
 #65

As for the mining, just check out the hardware forums. Everyone is buying ASICs.

halfawake
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June 18, 2013, 05:03:33 AM
 #66

I am very excited about BTC for numerous reasons but I already have practical reasons to be excited.  I will be saving an easy $100 in a month when our family goes on vacation on exchange fees.  How?  We are going to meet up with a local resident and exchange our BTC for fiat and save ourselves the expensive fees banks will charge us for doing that.  Smiley  We are also looking for restaurants that will take BTC so we do not have to pay exchange fees as well.  Already, I am really happy to have BTC, and this is just one little example.

That's really clever.  I'll have to keep that in mind next time I travel out of the country.

BTC: 13kJEpqhkW5MnQhWLvum7N5v8LbTAhzeWj
adamas
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June 18, 2013, 05:38:23 AM
 #67

Why are people buying bitcoins? Simply because we know for sure that it is not a scam or ponzi scheme.
see this http://signups.wallstreetdaily.com/X303P562

"Es ist kein Zeichen geistiger Gesundheit, gut angepasst an eine kranke Gesellschaft zu sein."
veteranBtc
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June 18, 2013, 12:23:19 PM
 #68

Why? Maybe they need bitcoins

halfawake
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June 18, 2013, 07:25:37 PM
 #69

Also, another reason to buy bitcoin: if there's something you want to buy on Bitcoinstore.com.  I found something (a 16 GB RAM chip) on there that is substantially cheaper than the price on Amazon.com, like $40 cheaper last I checked.  That's enough of a price difference to more than make up for the fees involved with buying bitcoins.

BTC: 13kJEpqhkW5MnQhWLvum7N5v8LbTAhzeWj
spiral_mind
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June 18, 2013, 08:23:59 PM
 #70

it is a ponzi scheme, the problem is nobody will admit that our current lifestyle is all a ponzi scheme so your wife can be right and also buy bitcoins too.

Nice thought! Either we figure out a way to make a profit from colonizing outer space or humanity will consume all its resources while still stuck on Earth and die out.
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June 18, 2013, 08:24:46 PM
 #71

I buy BTC to trade or to buy things in Bitcointalk as it is much easier than payment by fiat

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June 19, 2013, 01:27:27 AM
 #72

Rare chance to lose its value + just fucking fun.

Minecraft BitVegas. A casino built 100% in Minecraft! Earn free Bitcoins just for being online!
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June 19, 2013, 04:06:19 AM
 #73

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.

um, because I want to? What does it matter why?

Here's why my brother is getting into it. He has a disability and collects disability, but they monitor his bank account and if he has too much they cut him off. So he can't save a small amount for future hardships. Bitcoin gives him that option.

There are many reasons why people buy bitcoins.

QuarkCoin - what I believe bitcoin was intended to be. On reddit: http://www.reddit.com/r/QuarkCoin/
jmutch
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June 19, 2013, 06:02:20 AM
 #74

I am very excited about BTC for numerous reasons but I already have practical reasons to be excited.  I will be saving an easy $100 in a month when our family goes on vacation on exchange fees.  How?  We are going to meet up with a local resident and exchange our BTC for fiat and save ourselves the expensive fees banks will charge us for doing that.  Smiley  We are also looking for restaurants that will take BTC so we do not have to pay exchange fees as well.  Already, I am really happy to have BTC, and this is just one little example.

Imagine travelling the world in this fashion living off AM share dividends. Oh man what a lifestyle! Cool idea.

4mherewego
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June 19, 2013, 08:55:31 AM
 #75

Because they think they know something OP does not.
Kake
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June 19, 2013, 10:33:50 AM
 #76

I am very excited about BTC for numerous reasons but I already have practical reasons to be excited.  I will be saving an easy $100 in a month when our family goes on vacation on exchange fees.  How?  We are going to meet up with a local resident and exchange our BTC for fiat and save ourselves the expensive fees banks will charge us for doing that.  Smiley  We are also looking for restaurants that will take BTC so we do not have to pay exchange fees as well.  Already, I am really happy to have BTC, and this is just one little example.

Where are you going to find a local resident to exchange fiat with you though? I'm just curious if there is a current way to do that as of now.
justusranvier
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June 19, 2013, 10:45:17 AM
 #77

Where are you going to find a local resident to exchange fiat with you though? I'm just curious if there is a current way to do that as of now.
There is: https://localbitcoins.com/
Kake
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June 19, 2013, 10:56:59 AM
 #78

Where are you going to find a local resident to exchange fiat with you though? I'm just curious if there is a current way to do that as of now.
There is: https://localbitcoins.com/

But those ppl selling locally seems to be marking up their price quite a bit.
justusranvier
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June 19, 2013, 11:02:26 AM
 #79

We'd need to know the total fees involved on the bank side to make a meaningful price comparison, but its certainly possible to find people willing to do cash trades all over the world.
Peter Lambert
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June 19, 2013, 01:09:45 PM
 #80

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.

Here's why my brother is getting into it. He has a disability and collects disability, but they monitor his bank account and if he has too much they cut him off. So he can't save a small amount for future hardships. Bitcoin gives him that option.

Related to the discussion in these two threads:

https://bitcointalk.org/index.php?topic=205597.0
https://bitcointalk.org/index.php?topic=9879.0

Use CoinBR to trade bitcoin stocks: CoinBR.com

The best place for betting with bitcoin: BitBet.us
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