Why people are still buying BTC?

[callingbubblyH]

Its their personal matters, respectively about who would buy or who would not

[sr32703]

It's simple because their are still believed bitcoin will increase & while it will increase their will earn huge profit.

[stely41]

It's simple because their are still believed bitcoin will increase & while it will increase their will earn huge profit.

Bitcoins are created (or "mined") at predetermined and gradually decreasing rates, with a total limit of 21 million issuable coins. The rate of increase in available bitcoins is not keeping pace with the number of people keen to buy them, so the price of a bitcoin keeps increasing.

[Daimon88]

It's their choice anyway, to buy BTC. I can see some reasons like, they arewilling to spend money just to add butcoin in their savings and then they are going to sell it soon as the bitcoin price increases.

When you see that something is profitable and you can make handsome money from there you will definitely invest there. That is doing all the people. I know that bitcoin is profitable investment and I will buy some bitcoin when I have money for investment. Although some mishaps and corrections are also involved but on the whole it is profitable.

[candra raditya]

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 I think that 99.99 % of the bitcoins exchanged are never withdrawn from the exchangers, and the people are only waiting to make some profits.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

People buy bitcoin because they use bitcoin to make online payments and in addition also bitcoin can provide benefits because its value can grow higher.

[zerotu]

Bitcoin is Unique , First Cryptocurrency on the earth

[BTCappu]

It's their choice anyway, to buy BTC. I can see some reasons like, they arewilling to spend money just to add butcoin in their savings and then they are going to sell it soon as the bitcoin price increases.

Bitcoin is a volatile and decentralized digital currency. It is not a great asset or investment but we all know how it may move that it can give us good profit.

As long as people know that the price of Bitcoin will increase, no one will be able to stop the people,  the investors and the users from buying Bitcoin. Now that the price are slowly going up, more people will buy again bitcoin.

Main thing is profit. Nobody include decentralization and volatility in the price. when they see that investment for long time is valuable they will buy bitcoin. No matter it is legal or illegal in their country. I want to earn money from bitcoin. I don’t care about the legal issues of bitcoin. I just want more and more money and bitcoin is the only way to fulfill my dreams.

[minhdang2212]

The amount of bitcoin in circulation is increasing. This is explained because only 21 million Bitcoins are produced, so in the future it will be a scarce commodity. And in most cases, Bitcoin is a useful digital currency technology. Bitcoin is not a financial bubble or a safe haven like gold. Along with the risks, a small portion of Bitcoin in the portfolio will be a wise decision.

[wewe123]

People are still buying BTC because they have t trust that bitcoin, can still changes others peopleives through investing and though that bitcoin can generate more profits  especially when they will be traded and sell to tbe marketplace .

[Chrisjay29]

I think it because people buy bitcoin to hoping that someday the money they invest in bitcoin will be triple or more in just a one year. And people buy it because bitcoin has big chamces in he future. Maybe someday bitcoin will replace all currency in the world.

[thegreatdodoy]

I think it because people buy bitcoin to hoping that someday the money they invest in bitcoin will be triple or more in just a one year. And people buy it because bitcoin has big chamces in he future. Maybe someday bitcoin will replace all currency in the world.

yes people are hoping of bitcoin to rise but instead of increasing bitcoin is now struggling and losing $1000 just this week.

[Betwrong]

I think it because people buy bitcoin to hoping that someday the money they invest in bitcoin will be triple or more in just a one year. And people buy it because bitcoin has big chamces in he future. Maybe someday bitcoin will replace all currency in the world.

yes people are hoping of bitcoin to rise but instead of increasing bitcoin is now struggling and losing $1000 just this week.

I think what you can do is read the OP and take a notice that it was written in April 19, 2013. The price of Bitcoin was around $140 back then, and OP was puzzled why people still buy Bitcoin while it's obvious that it's "useless" and that the "interest in btc will decrease" in the future. And every time you feel bad about "Bitcoin losing its value" I suggest to reread the OP again and to contemplate it a bit taking into account that it was written in times of $140 per 1 Bitcoin.

[Ahiaba]

Well, i can see that you talk about high fee issues which has already become an old issues as it has been taken care off by the developer responsible. So people are still buying Bitcoin because the potential growth in value of Bitcoin in the future is very high and some other people need for some specific transaction.

[gurang]

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.

there are many reasons for the person so they keep buying bitcoin, maybe they see good work here or see they are growing or they are so interested they buy them

[Athenakim.22]

People are still buying BTC because they know that the future of bitcoin will be high somehow. And they will have a double profit of thier investment.

[zhelis74]

Well, i can see that you talk about high fee issues which has already become an old issues as it has been taken care off by the developer responsible. So people are still buying Bitcoin because the potential growth in value of Bitcoin in the future is very high and some other people need for some specific transaction.

Yes, there are more people still believe the growth potential of a bitcoin so they buy bitcoin for their long term holding and in other hand mostly people who involve in crypto trading are the one often buy bitcoin, because bitcoin is the pillars of crypto world.

[Odebode5]

Because they believe the price will still come up and will be a good investment for them in the future with good profit at the long run

[GamerPapaRoach5]

 >:(There is no specific times to buy btcs, we can buy any amount any where and anytime.

[Tanmoy98]

People are still buying btc because it is the best coin.Now the btc price is under $9k but after 1 year the price will be hit $20k.So that's why people are still buying btc.

[broilsemla0]

If we get too systemical then how could we accept btcs to be so real? How can we term the btcs as virtual?