Why people are still buying BTC?

[Chachen19]

As each person still buy bitcoin, they have realized as well as they like to invest in the bitcoin field you have seen that the bitcoin market still has the trust and interest of many people with it.

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[DMCR lah]

Because people are convinced that the bitcoin price movement will be exactly like last year, where prices go up in the middle and end of the year, and it's actually the confidence that keeps the price up, because the influence of supply and demand is very influential on the trigger of price movements

[Luthfiyaaa]

people still buying bitcoins because they are suitable for investment, long-term or short-term investments. what's more the bitcoin price is now so cheap, more people are continuing to buy bitcoin. their purpose maybe the same, buy bitcoin for profit.

[katri]

bitcoin idea gives the investor the idea of getting big profit on the market trading. I thing the excitement when market goes up and down attract the people to engage in crypto currency even if it is highly volatile.. There are many individuals that is very successful and get huge profit because of crypto currency.

[dhrazzen]

Bitcoin is so volatile it may dump or pump. Buying bitcoin in a lower price (dump) you can gain more profit when it will pump. Many people still invest in bitcoin because they all know bitcoin is a long term investment. Bitcoin will not fade it will just improve. Invest it now!

[nazaididuan1]

People see the possibility that BTC will rise in the future, so buy BTC!
BTC prices are only related to supply and demand. Many people are optimistic about the future of Blocks and BTC, and believe that it is a good thing and it is valuable!

[Ajinomoto40]

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.

Those peoples who is still buying bitcoin as their coin is those person who's still believing in bitcoin, they are believing that after all the dump's that bitcoin experience it will soar again at its best and make itseld great again

[onemoretime8520]

people don`t seek a utility or a problem solving matter while investing into btc they just think that they will become millionaires, so the facts that you have provided are irrelevant for most of the investors I guess.

[DOLONCHAPA]

People are still buying BTC for this you should not be worried. The price of BTC randomly changes. Since its one types of currency so its very simple to buy and sell.Yes decreasing of price is a fact of worried but it may increase in course of time. At the mid of 2018 the price of BTC is too lower but day by day it increasing. Keep hope .

[Jannatul Shefa]

I think the price is low that's why they are still buying bitcoin as much as they can. And when will be the price will be high they will sell it. When the price will be high they will have a lot of profit that's why they are still buying bitcoin .

[shamimal93]

Bitcoin is world first cryptocurrency. It's the best cryptocurrency in the modern world. People who understand well about crypto, he must buy bitcoin because the price of bitcoin is rising soon.

[Kapee]

Have you ever planned of doing long term investment and trading? The coin I will dedicate to all investors is bitcoin. People continue to buy bitcoin now and then because of the anticipation that bitcoin will definitely rise in some time to come. Buy bitcoin now and hold for the future. Bitcoin is a beneficial coin and investors must patronize.

[yusupjatigumilar]

because many people succeed when investing in bitcoin, this bitcoin price drop is just the moment that new investpr awaits by buying bitcoin after they make a purchase then automatically the price will move up, and investors can benefit from that matter

[rahul10]

You're stuck in this world of crypto. Reading about this shitcoin and that shitcoin. While then world only heard about bitcoins $20k ATH and futures and how much money early adopters made.

The Bitcoin awareness among the population is growing, but of that population, 80% are still unaware there are other blockchain choices out there. The news where I come from is still bitcoin bitcoin bitcoin!!!

[Legwist]

People are still buying bitcoin because they believe in further price growth. And Bitcoin has made many millionaires and billionaires only by trusting and investing on this technology. So I think that it's okay that people still buying bitcoins and doesn't matter what reason.

[Otsu]

Obviously, the price of it is in the low level and it's getting even more popular. So the moment you will buy bitcoins now, you will have the chanced to get more profits in the future. Just hold it until the last month of this year because surely it will increased and gets high value.

[royal slave01]

People are still buying bitcoin because they believe in further price growth. And Bitcoin has made many millionaires and billionaires only by trusting and investing on this technology. So I think that it's okay that people still buying bitcoins and doesn't matter what reason.

Yes many people are still even the cryptocurrency is too weak because they believe that bitcoin will still be able to survive to make them profitable again.

[buttonmc]

The question is still relevant, after months. In my opinion people are still keeping the hope that we will face another peak, like in 2017. And they would be able to become rich in one night like in a dream.

[Malaya]

People still believe in bitcoin. Many are still hoping that bitcoin will reach another ATH at the end of the year. I believe that these people including me are putting so much trust in bitcoin that it wont fail and would still give us profit in time.

[lajigly]

The total amount of Bitcoin is constant, but the circulation is decreasing, the mining surplus is decreasing, and all of it can still be appreciated in the long run.