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Author Topic: Why people are still buying BTC?  (Read 13632 times)
melch100
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July 06, 2018, 11:14:52 AM
 #1661

People are still buying Bitcoin because the current interest in bitcoin is naturally partly fueled by the huge rise in price. People believe that bitcoin can give them big profit in which they can gain a lot of benefits.
The reason why people are still buying BTC because it is the most popular cryptocurrency. It can be an asset and also BTC can be use as payment method in some stores with low fee transactions. If bitcoin drop it's value people believe that it will not stock their it will pump and reach up to the moon.

People keep buying bitcoin because they believe that btc have the potential of gaining increase in price as time goes by, and they already proven benefits of buying and holding bitcoin.

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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Xising
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July 06, 2018, 11:19:12 AM
 #1662

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.

I think people still buy Bitcoin because it still has a lot of good left in it. In terms of an investment asset, although it has always been swirled with negative news, it is still a profitable kind of investment, and so, people keep on putting their trusts on it, and in turn, they keep on investing to it. I think that as more and more people are starting to see the good things that Bitcoin investments can do and bring, it somehow purges the negative ideas and doubts that people have over it that helps it gain more popularity.
EnricoGomez
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July 06, 2018, 12:57:55 PM
 #1663

Why not?
There will always be people opposite to your opinion, that is inevitable.
That simply means that they have great faith on its potential in the future which you cannot really predict especially to the fact of its volatility.

This was posted in 2013, wondering if the topic author regret his view lmao
tonysitaly
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July 06, 2018, 01:01:00 PM
 #1664

A lot of people with investment experience are buying bitcoin, and in the last few months the market has really been falling. It's a long correction, and it's always going to rise in the second half of the year based on the experience of the encrypted market.

malibogako2018
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July 06, 2018, 01:13:18 PM
 #1665

People whi still buying because they believe that the future of bitcoin will continue to improve, no doubt that the future will be brilliant because it has been legalized in many countries such as Japan, Germany, south korea and so forth.

Yes Bitcoin will have more improvements by years and be more valuable, Bitcoin is one of the best crypto to invest due of Bitcoin will have huge increase soon and it will give huge profit by many investors who supports and believe on it.
Rose119
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July 06, 2018, 01:30:44 PM
 #1666

People whi still buying because they believe that the future of bitcoin will continue to improve, no doubt that the future will be brilliant because it has been legalized in many countries such as Japan, Germany, south korea and so forth.

Yes Bitcoin will have more improvements by years and be more valuable, Bitcoin is one of the best crypto to invest due of Bitcoin will have huge increase soon and it will give huge profit by many investors who supports and believe on it.

You only get profit if you buy bitcoin in lowest price, but if you buy bitcoin at all time high for sure you already lose your money now, but don't worry because I know that soon bitcoin Will recover and we will get profit soon.
Gudhal Untu
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July 06, 2018, 01:33:06 PM
 #1667

People are still buying bitcoin because they are very confident about the future of bitcoin, it can be seen that the current market is improving so buying bitcoin is now a very good and profitable thing for the future.
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July 06, 2018, 01:57:44 PM
 #1668

A lot of people with investment experience are buying bitcoin, and in the last few months the market has really been falling. It's a long correction, and it's always going to rise in the second half of the year based on the experience of the encrypted market.
The adjustment of the market cryptocurrency in the past has caused many investors are deeply confused about this market but above all they still believe that Bitcoin will lead the market cryptocurrency and bring the value of the market achieve greater achievements.

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July 06, 2018, 02:11:20 PM
 #1669

I think BTC will again strike back and will break all the records once again.
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July 06, 2018, 03:01:21 PM
 #1670

Everyone has their own priorities when buying bitcoin. For them, this is a long-term prospect of making a profit. Many use it as a currency for paying for goods via the Internet, absolutely anonymously.
Kamote29
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July 06, 2018, 03:10:50 PM
 #1671

Their reason may be their chance to buy it, because bitcoin prices are low and they buy as much as they can afford to invest.
Bitcoin can still be trusted because they believe bitcoin will definitely rise from adversity and believe in the coming months bitcoin will rise again
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July 06, 2018, 03:14:04 PM
 #1672

Their reason may be their chance to buy it, because bitcoin prices are low and they buy as much as they can afford to invest.
Bitcoin can still be trusted because they believe bitcoin will definitely rise from adversity and believe in the coming months bitcoin will rise again
many people are still optimistic about the future of bitcoin. although it is still experiencing a very large decline, but many people consider this cheap price is a good opportunity to buy and sell it in some later.
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July 06, 2018, 03:34:08 PM
 #1673

Their reason may be their chance to buy it, because bitcoin prices are low and they buy as much as they can afford to invest.
Bitcoin can still be trusted because they believe bitcoin will definitely rise from adversity and believe in the coming months bitcoin will rise again
many people are still optimistic about the future of bitcoin. although it is still experiencing a very large decline, but many people consider this cheap price is a good opportunity to buy and sell it in some later.
indeed many believe that btc will rise again. because all can sometimes happen. example as before that btc down then at the end of the month rose so high. so those who see bitcoin certainly believe in it all.
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July 06, 2018, 03:35:33 PM
 #1674

Like many i am also optimistic that btc will rise eventually and will break all the records for sure.
kumala_abi
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July 06, 2018, 03:38:57 PM
 #1675

Their reason may be their chance to buy it, because bitcoin prices are low and they buy as much as they can afford to invest.
Bitcoin can still be trusted because they believe bitcoin will definitely rise from adversity and believe in the coming months bitcoin will rise again
many people are still optimistic about the future of bitcoin. although it is still experiencing a very large decline, but many people consider this cheap price is a good opportunity to buy and sell it in some later.
indeed many believe that btc will rise again. because all can sometimes happen. example as before that btc down then at the end of the month rose so high. so those who see bitcoin certainly believe in it all.
Investor confidence will be better recovered due to many good news circulating in the market. this is what makes investors start buying bitcoins at cheap prices. they think it's a good chance to make a profit in the next few months.

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Dikpora77
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July 06, 2018, 04:12:29 PM
 #1676

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.
because bitcoin still have shopisticated appeal and always can make trend in many regions. Everyone want to have it and still many peoples want to earn it with join bounty projects.

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July 06, 2018, 11:04:27 PM
 #1677

Their reason may be their chance to buy it, because bitcoin prices are low and they buy as much as they can afford to invest.
Bitcoin can still be trusted because they believe bitcoin will definitely rise from adversity and believe in the coming months bitcoin will rise again
many people are still optimistic about the future of bitcoin. although it is still experiencing a very large decline, but many people consider this cheap price is a good opportunity to buy and sell it in some later.
indeed many believe that btc will rise again. because all can sometimes happen. example as before that btc down then at the end of the month rose so high. so those who see bitcoin certainly believe in it all.
Investor confidence will be better recovered due to many good news circulating in the market. this is what makes investors start buying bitcoins at cheap prices. they think it's a good chance to make a profit in the next few months.
I agree with you, right now is a great opportunity to make a big profit, btc value is still cheap enough and the opportunity to buy cheap will not come twice, so buy it now or not at all
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July 06, 2018, 11:22:47 PM
 #1678

Thread is 5 years old and it is still actual.
It will always be.
Comparing to time when topic started bitcoin changed many things, many stores are accepting it as payment method and it means it is not useless like original poster said, it is very useful and it can help country economics.
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July 06, 2018, 11:53:00 PM
 #1679

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.

I agree with that, we have different ways to express ourselves if they see success as an sacrifice and an outcome came from series of risky things i think that's possible for them to come up with the idea of buying Bitcoin in this kind of days where in the price falls down continuously but then they hold to a smaller possibility that this forum will be back in burst as soon as possible and thats a great way to try your luck even though its a long way process and too much risk is involved.

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July 07, 2018, 01:25:38 AM
 #1680

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.

I agree with that, we have different ways to express ourselves if they see success as an sacrifice and an outcome came from series of risky things i think that's possible for them to come up with the idea of buying Bitcoin in this kind of days where in the price falls down continuously but then they hold to a smaller possibility that this forum will be back in burst as soon as possible and thats a great way to try your luck even though its a long way process and too much risk is involved.
It is about taking risk and putting our money in risk because if we will not take the risk then it means that it is impossible for us to improve because improving ourselves need a lot of risk and we need to be brave enough to face the different challenges and problems in life so we will become better and at the end we will become the best of our self.
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