Why people are still buying BTC?

[sigam batat]

People buy bitcoin because now it is cheap even though the security is less, say some people, but if I still believe this bitcoin is safe depends on ourselves, and this is a very good time to buy this bitcoin because the price is cheap.

[Patadong]

Why not,people still buy bitcoin because now bitcoin price it is cheap.and they still believed if bitcoin price will rise again one day.
peoples still buy bitcoin and hold them because they all know bitcoin is very profitable.

[aardvark15]

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 I think that 99.99 % of the bitcoins exchanged are never withdrawn from the exchangers, and the people are only waiting to make some profits.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

I don’t think Bitcoin will ever be useless so I think it will hold some value. I see it mainly as a storecif value in the future with all of the other options available with new altcoins that are faster and cheaper for transactions.

I believe that the name Bitcoin will keep it relevant and the scarcity and deflationary design will keep the price rising over time even if other cryptocurrencies pass Bitcoin in market cap.

[Edraket31]

Why not,people still buy bitcoin because now bitcoin price it is cheap.and they still believed if bitcoin price will rise again one day.
peoples still buy bitcoin and hold them because they all know bitcoin is very profitable.

People are still buying bitcoin because they know the potential or the capacity of bitcoin can give, they are still buying it since they are still waiting for the right time for them to have a profit from holding, and why not we are here to earn, and one way to earn is to buy bitcoin and hold it.

[Elviragreg]

Probably because of the popularity of bitcoin is best among all coins. Bitcoin also has a good reputation and a pretty good price.

[Pelevelyl]

Everyone has their own reasons. Some people think that the price of bitcoin will rise in the future and they will earn their profits with it.

[Jahson420]

Everyone has their own reasons. Some people think that the price of bitcoin will rise in the future and they will earn their profits with it.

I agree with this comment. They have not losing their hope to earn more money in bitcoin because of its popular and big chance and easy to earn money.

[slhardy]

Isn't it just a question of strong belief in benefits that bitcoin / blockchain technology can bring to the society? I am buying bitcoin and will continuously keep doing it since I believe in this technology and there are few things that can stop me from following my way.

[Sunyoto]

bitcoin is one of them in the form of investments and transactions, for me bitcoin is also profitable to earn big income, because bitcoin is also very promising in the future.

[cryptoman512]

I am buying bitcoin because I need to pay something in bitcoin or purchase other crypto as an investment. I consider bitcoin as a currency and not an investment form, but I trade on it sometimes. It gives me small profit sometimes.

[slashz9]

yes of course to make a profit if not why they want to put their money there, come on bung open your eyes bitcoin the first time out in 2009 it cost about 1 $ now in just 8 years he was able to reach the highest point that is 19,600 $ can you imagine how much% the rise, so your remarks about him are not worth it or anything I think people have missed buying it, and keep it

[CuteBaby123]

People are still buying bitcoin because they are hooked by the idea that it can give them richness and be able to gain huge profit. I agree with your statement. Actually, I am more investing in other altcoins rathef than bitcoin because they are more profitable and affordable.

[Barbatsutsa]

Because it's the less volatile coin amongst crypto, it's a good way to store money in, also with a possibility of generating profit.

[gogrowglow]

Why people are still buying BTC?,   simply because they believe in BITCOIN.  Price of Bitcoin maybe down now but it always go up later and people who are familiar with the trend knows this, that is why they believe in Bitcoin.  Bitcoin is here, and it will stay. In the near  future, I believe, cryptocurrency will be a household word because people will use it in their everyday life.

[Elviragreg]

Maybe because BTC still has a good investment value and can be profitable. So there are still many people who believe to buy BTC as an investment to be withstood in the long term.

[Bonsaiav]

Why people are still buying BTC?

Because bitcoin is the only crypto that is safe well established easy to obtain and profitable.
The bitcoin system's very secure, wich the unsafe is the user and the money exchanger.
You can get bitcoin by buying and mining.
I see from the media developments that cover the enthusiasm will bitcoin everywhere will create a very high demand.
Although bitcoin often decreases, its value continues to grow from year to year.

[otreza]

There is nothing strange. Bitcoin is still the strongest cryptocurrency. It is better for me to hold btc, not alternate cryptocurrencies. That is only my opinion.

[kopi lambada]

people still love to buy bitcoin, because bitcoin prices are still cheap
buy bitcoin now that the price is still cheap I think someday will get a lot of profit
because I believe the bitcoin price will be higher as in 2017

[15putriutami]

People are getting attracted to bitcoin because bitcoin has started worldwide i think. So that's the first reason i can tell why people buy bitcoins.

[bengsabeng]

Because it's the less volatile coin amongst crypto, it's a good way to store money in, also with a possibility of generating profit.

the fluctuating nature of bitcoin also makes many people afraid to invest bitcoin, I think only certain people dare to invest bitcoin. requires a strong mentality and tremendous patience.