Why people are still buying BTC?

[Reagan_alvaro]

in my opinion because they see the bright prospect of bitcoin. and many benefits can be obtained from bitcoin

[jaysabi]

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 I think that 99.99 % of the bitcoins exchanged are never withdrawn from the exchangers, and the people are only waiting to make some profits.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

Many people are still buying bitcoin because they know it will still be worth it soon even though right now you can see it is a stupid decision. Way back, many people became regretful about not believing in bitcoin wherein they sold all they have after a hard dump but then all of a sudden, a pump occured that exceeded everyone's expectation leaving those people who held their bitcoin benefit a lot from it.

I think far more people are sitting on losses than you realize. People were buying all the way up from $5,000 to $19,000, which happened in less than a year. And the higher it went, the more attention it got and the more people that piled into it. Then it crashed hard and it's been routinely below $10,000 for over the past couple months and isn't able to break above that. Heck, it can't even hold above $8,000 right now. All those people who bought in above $8,000 are sitting on losses, which correspond to the time when the most people were buying. So my view of things is that a great many people have been burned, and there aren't enough new people coming into Bitcoin to move the price up. The pool of potential investors is not growing, which is not good for price appreciation, but may be good for price consistency.

[Quraline]

People will always buy bitcoin, because now it is better than the SnP 500 index. And people believe in its growth.

[wasaisisisi]

Because new people who want to invest in bitcoin want to try it and in the end they buy bitcoin. But not just new people, I'm sure many people still believe in bitcoin for the future.

[berungan]

Because new people who want to invest in bitcoin want to try it and in the end they buy bitcoin. But not just new people, I'm sure many people still believe in bitcoin for the future.

yes, because of the popularity of bitcoin everyone will be tempted to buy it. let alone have a lot of success by buying bitcoin. other than that bitcoin is one of the best coins. Especially for investment, bitcoin is very appropriate for investment.

[Lucifers]

Bitcoin is known worldwide over altcoin, if you are new to the world of crypto surely you should invest with bitcoin at first and then make some discovery to other coins. We already know that bitcoin has a good market trend and a very large coin that makes people encourage to invest here.

[DJ_Rick]

The collapse of Bitcoin was announced for 89 times. Crypto currency was called an unsuccessful experiment. The media urged users to forget about Bitcoin, and developers - to look for more promising projects. But btc is still here! it is alive!

[Larva14]

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.

Bitcoin as currency. Many establishment accept this as a mode of payment, transactions are so fast, you can pay without a  10 minutes. I've been using it for more than two years. Many people who invest with bitcoin become profitable. The investment grown and grown making more players to invest with this. Invesmnet and fast way of transaction? who does not weant it? It just a two things that bitcoin does.

[syamster]

I spent hours trying to get my first bitcoins (satoshi actually), and after working for ages, I only got 0.002 btc,

Why on earth did you waste those hours?

Is this how you earn govt currency as well, or do you suppose there's a better way?

Please tell me you don't think bitcoin is useless because you can't make a decent Bitcoin income looking at advertising sites.

Bitcoin are now trending on media's, This is marketing strategy wherein people touches their hearts and mind to find alternative way to earn easy money, But in the reality, There's a big risks behind. If you do not know well how to manipulate trading investment then it will be a huge loss.

Well you are right everyone is chasing profit now a day people want to get huge income and increase their status of life, so I think bitcoin is the source of making all dreams come true, as well as risk concerned so it is part of life we will have to be ready to face any risk, and if you will trade wisely and on right time then I am sure you will never suffer any lose but you will only earn from it. Thanks to bitcoin for changing my life and giving me the best profit ever.

[BulbaLord]

Different people have different preferences. Just like how some people prefer to use cash when dealing, some prefer debit card, some credit card and etc. Each method have their advantages and disadvantages, but people still use them. Same argument for bitcoins.

Yes I agree to you different people have different preferences. For me I use to prefer debit card than credit card because  Big advantage if you have a cash on your hands.  If you want to buy something you have a cash on hand.

[Aleth]

People are still buying in bitcoin because they still believe in it. They believe its stability and since it is still the most popular digital coin and it is easily exchanged by fiat money so why not invest in it. though it keeps on lowering down the price but the important thing here is the normal trends of value in the coin cap market due to its supply and demands.

[btsjimin]

People are still buying Bitcoin even though they know that bitcoin value is now a very low and falling bitcoin because of that they see that they have the potential and they see that they can get a lot of money here if they buy bitcoin.

[Jembut Ireng]

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'm sure that the main reason people are still buying bitcoin because they are convinced that bitcoin prices will continue to improve and gain profit, without making a profit it will be difficult for people to buy bitcoin.

[sergio red]

People always choose the profitable site, day by day bitcoin is becoming the most influential platform for making profit within a short time so that people prefer Bitcoin as safe and sound investment. That’s why they are going to be attached to this platform day by day.

[sevendust777]

People are still buying in bitcoin because they still believe in it. They believe its stability and since it is still the most popular digital coin and it is easily exchanged by fiat money so why not invest in it. though it keeps on lowering down the price but the important thing here is the normal trends of value in the coin cap market due to its supply and demands.

I agree and people see bitcoin as the new gold even the value declined due to bans and regulations of some country and shutting down some crypto currency exchanges. . They still believe in bitcoins future.  I think that digital currency is still young and has a long way to go. We should also know the risk that bitcoin could fall that is why we should diversify or rather not put all in our money through bitcoin.

[ninokh]

people still choose bitcoin in my opinion because the most famous bitcoin, the first coin in cryptocurrency, has the highest value and already has a large community and market. and some investors believe bitcoin will give big profits like last year. if i now prefer altcoin than bitcoin. because. now the bitcoin value tends to fall and the movement of its value is very small. better now we try to invest in cheaper altcoin and move its value very quickly.

[Direwolve735]

Investors, of course, have a reason to buy crypto-currencies: for now all the trends that we observe are a move upward. Moreover, the growth in the cost of bitcoin is not limited, because this currency has limit of 21 million coins. You can buy bitcoins today if you are ready to take risks. However, you should not invest the last money here, take loans and buy bitcoins in debt.

[marsmyname]

People are still buying btc because they found out that only btc can make their dreams come true. BTC is now the most interesting coin in the crypto currency feild and it can really give us a huge return from our investment. I think we only need to believe in bitcoin and wait for the upcoming more opportunity of buying because if we can buy it in a verry cheap price, maybe we can become more profitable in the near future.

If Bitcoin acted a responsive less currency then it would not be the popular and a reputed currency out there in the market. Due to the response of this coin people like it and want it close to their selves in everything related to money. This is an easy and has frictionless transaction system which is the major factor of its popularity and which make its value higher.

[Cassy14]

People are still buying BITCOIN because they still believe that BTC will go up again in the market.
not just that, they also know  that bitcoin is really worth holding and it is the future of the currency.

[Sirait]

this question reminds me of one that is "why are you smoking", and I say "this is my requirement", Indeed it's very different from buying Bitcoin,
but I will continue to buy Bitcoin when the price is good because I have felt the benefits and benefits of Bitcoin as it makes me addicted...