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Author Topic: Why people are still buying BTC?  (Read 13644 times)
Zhagedu
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May 23, 2018, 05:44:46 PM
 #801

One thing is certain about people buying Bitcoin or still buying Bitcoin is the huge profit that is accrue to Bitcoin investment from onset. Investing on Bitcoin is a profitable one than any other business in this 21st century. When you buy Bitcoin it has the ability to yield x100 back for you.
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expless
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May 24, 2018, 05:04:19 AM
 #802

It is similar to asking questions why we are chasing after more money? Everyone want money so btc is similar to a virtual gold and anonymous one ,no tax for it unless you want to pay for it,faster profit gain then a normal investment asset,no legality interference.it is similar to shortcut in investment asset ,in order to get 2x in stock for a normal investor they have to wait many years but in btc they can easily get it in few months.
The answer to that question is that people are still very wise and rational. The study and research by looking at the data. A data will never lead you astray of your business path. Furthermore, the current year has been regarded as the year for the boom and boost of the Bitcoin and this thing has made the people invest in the technology as well. On average there are more than 12million people having their Bitcoin wallets in the block chain.
Elai101
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May 24, 2018, 05:11:03 AM
 #803

One thing is certain about people buying Bitcoin or still buying Bitcoin is the huge profit that is accrue to Bitcoin investment from onset. Investing on Bitcoin is a profitable one than any other business in this 21st century. When you buy Bitcoin it has the ability to yield x100 back for you.
I still buy BTC beleiving that it would be a great help in the future.We all know that BTC is volatile and we can't predict it's value every now and then,but it is worthy to buy BTC and wait for it's pumping period.
dasana212
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May 24, 2018, 05:18:03 AM
 #804

we all know about the soaring bitcoin prices at the end of last year. in my opinion, many are interested in bitcoin because bitcoin prices are very seductive and can make investors earn big profits. although bitcoin prices are hard to predict and can be manipulated by a group of people but do not make bitcoin losing its appeal to be hunted.
Yeah, the price at the end of last year made most people interested to buying Bitcoin, especially in this time where the price of the Bitcoin has falling, very suitable for us to entry into the market and buy it now.
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May 24, 2018, 05:20:27 AM
 #805

Because they believe that bitcoin will be the place to make a profit, that way everyone will keep buying bitcoin until now ...
among those people I also included who bought bitcoin until now ..

Icoalert00
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May 24, 2018, 05:26:14 AM
 #806

I guess they are still know that bitcoin buying as of today is more profitable than any type of cryptocurrency out there in markets.  Today's value is not that good but for sure in the near future the value will rise again and no one can stop it Smiley so keep buying.

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300pips
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May 24, 2018, 05:29:01 AM
 #807

People are buying BTC because of FOMO, because of shills. But if you are a technical trader. You will understand that Bitcoin will need to tap 3k before it can beat its previous $20k all time high. That is the cycle.

Google (http://www.google.com)
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May 24, 2018, 06:43:01 AM
 #808

First of all, this currency is in the first place among the crypto currencies. People who are interested in buying a crypt will of course look at the top currencies crypt.
In the world, in any country, there is a dollar and a euro. Now also appeared bitcoin.
Buy for me for 2 reasons
1. Earning Growth / Falling Currencies
2. To launder money (or hide their wealth)
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May 24, 2018, 10:54:45 AM
 #809

I guess they are still know that bitcoin buying as of today is more profitable than any type of cryptocurrency out there in markets.  Today's value is not that good but for sure in the near future the value will rise again and no one can stop it Smiley so keep buying.
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.
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May 24, 2018, 11:25:52 AM
 #810

Because they believe it is one of the investment for the future and get it secured
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May 24, 2018, 11:44:07 AM
 #811

It doesn't depend on one leadership figure like Litecoin oder Bitcoin Cash. The tech might suck, yes, but its functioning, unlike some other Top 10 coins at the moment. Plus it will always have the first mover advantage. All this provides security to crypto investors. I see Bitcoin as a sort of digital gold.
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May 24, 2018, 11:49:38 AM
 #812

Bitcoin is the answer to poverty ,thats why more and more people are buying bitcoin to make thier lives change. But the question is , is bitcoin still profitable in the future, why the price fastly decreasing?

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May 24, 2018, 11:58:41 AM
 #813

People are attracting to bitcoin potential and they see a bright future thats a reason theres a huge demand to bitcoin even the price continue to falling down. Like what other said bitcoin are the key to success but you need to be hardworking if you want to achieve your dream.
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May 24, 2018, 12:08:09 PM
 #814

You clearly don't understand bitcoin. Please study.
[/.quote]

They bought bitcoin for a chance to have great profits. But sad to say bitcoin has decreased and dipped the market too much and maybe you'll get nothing I mean maybe your money will gone.
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. Yeah that's why people are still buying bitcoin for their future in hopes that they will get what they wanted to. Although it's not that easy but giving the time and efforts you will become knowledgeable in this technology and you can use that knowledge to invest with a little risk as you already know how to deal or adjust in every situation of the market trends.

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Mkpez
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May 24, 2018, 12:09:31 PM
 #815

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 like a King to others crypto currencies because before you buy any token you must have btc or ethereum in your wallet for exchange to the token. Secondly bitcoin will always appreciate for profit making.
oli123
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May 24, 2018, 12:11:23 PM
 #816

There are many investors who believe in the bitcoin and its future growth and their appreciation of their investment in the future. Everything is about trust in this cryptocurrency.
Many buy because the price is now lower than at the end of 2017. They will buy now to make a profit in the future, as has been the case in bitcoin history many times.
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May 24, 2018, 12:34:03 PM
 #817

People still buy bitcoin because it has a low price the market right now that they can really make a big profit if it will increase it's price before this year ended. That's why I also my invest some money to make a big profit like them just keep trusting to bitcoin to make your investments grow bigger this year.

Gandam23
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May 24, 2018, 01:19:15 PM
 #818

People are invested in bitcoin in many ways.
They see good reasons to stick with it and most of them are thinking long term.
Things crash from time to time, it doesnt mean they are dead.
And besides that profit isn't the main focus for most of the old dogs of bitcoin.
Bitcoin still uses by most of people because of the benefits they might get when they are engage on it. Bitcoins value is volatile, it may increase or decrease. Once the value increase you will get the benefit which is totally high. And bitcoin is proven and tested by most of successful people. It changes life and that is what people want.
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May 24, 2018, 01:21:33 PM
 #819

Bitcoin is the answer to poverty ,thats why more and more people are buying bitcoin to make thier lives change. But the question is , is bitcoin still profitable in the future, why the price fastly decreasing?

It is actually answer to many things which helps the people in different ways. Some use it for business purpose, some use if for investment, some for trading, gambling, transferring money across globe etc. Each person has their own use to it and thus it is buy at every point of time.

Gladz29
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May 24, 2018, 01:22:43 PM
 #820

People are invested in bitcoin in many ways.
They see good reasons to stick with it and most of them are thinking long term.
Things crash from time to time, it doesnt mean they are dead.
And besides that profit isn't the main focus for most of the old dogs of bitcoin.
Their are more people continuing buy bitcoin because they dont lose hope that bitcoin will rise up again. And more people will still hoping.
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