Why people are still buying BTC?

[Dacosta Osei-Tutu]

People still buy bitcoins because they think into the future. I think you should get your facts right because of the things can mislead people, especially the upcoming investors. So long as the blockchain technology continues to provide solutions to the numerous transactions challenges, bitcoin will continue to live.

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[kumar jabodah]

Because they can get bigger if they hold more bitcoins.
So they buy more bitcoin especially when its price drops because they can buy a bitcoin much cheaper price.
Certainly their losing dumps in previous dumps are only quick to recover when the price of bitcoin increases.

[katerinaliisa]

People buy bitcoin because it will grow in value. Analysis shows that growth is bound to be

[yohan09]

Interesting part of holding bitcoin is that it will double or triple its value in the near future, As we observed based from history, Bitcoin started from humble beginnings, As the time pass by, Bitcoin proves its importance towards people, It also significantly soar up its value for just a short span of time.

[victorski]

Sorry to say that but I am thinking that you must read the technical literature before making those conclusions, because I cannot agree that 99.9 percent of bitcoins are being held on the exchange wallets.

[Emigham7]

People buy or invest on Bitcoin for so many  reasons depending on the individual.
Some people buy as a long term investment.
Some others buy it due to the flexibility in transaction.
Some buy as a form of savings.  Come to think of, that bitcoin is experiencing little problem doesn't mean it's the end of it. Change is a sure thing in every system.bitcoin is passing the process now. Hope of bouncing back is very high still.

[Undermood]

Because it's still the most valuable crypt money. Many field uses have been accepted and continue to expand. It's easy to carry, it meets the cash needs of people .. I think it should be used more.

[liivii]

Because they are hoping that one day bitcoin go as high as they can and their investment will be double, triple or even multiple by larger numbers. I'm one of them and I'am sure that day will come and those who hold their coins will be the beneficiaries of that scenario and I will start a new business specifically a passive business that will give me secure profit every month. It's free to have a dreams the real thing is you have to do something in order to make it real.

[Deepa18dec]

Bitcoin is the mothercoin. It is still the most valuable coin with largest market share. People are hopeful and optimistic that it'll go higher than its previous high later sometime in future and that is why people are still buying btc.

[Ngajim]

They still believed if bitcoin will give us huge profit.
Bitcoin is the mothercoin and we can get bigger if we hold more bitcoin.
Bitcoin have a good future in the live. That's why people still buying and believed bitcoin.

[logicgate]

They are and we are because Bitcoin has value my friend, it is money in the form of digital and most convenient and since we are towards crypto world it is high time to invest into it.

 It is true people are investing in bitcoin because they think that price of bitcoin will e high soon and it will rise once again to make their life well, now almost everywhere bitcoin is getting importance and profit, we should contribute to the investment so our family and friends will get to know about bitcoin benefits, according to me now in the market now other investment is better than bitcoin so I am investing because it has bright future.

[Yurkov]

They are and we are because Bitcoin has value my friend, it is money in the form of digital and most convenient and since we are towards crypto world it is high time to invest into it.

And what is more if our crypto world will be developing that fast in future price of bitcoin could be X times bigger than now, investing nowadays could bring lots of profit in coming months/ years in my opinion.

[emmiebrizzie]

well, it is not strange that people are buying bitcoin now but a great opportunity for entry. From what you have written, it seem you don't really have a clear understanding about bitcoin and how it works.

Bitcoin is not useless and it will be generally accepted worldwide in few years to come

[pavka]

The topic was launched in 2013. And since then, bitcoin has been growing and falling, but on the whole it has demonstrated positive dynamics. All this gives investors reason to hope for the next rate growth and buy a coin.

[talenah kotang]

Because bitcoin is a promising long investment asset, there is a special attraction for bitcoin, probably because bitcoin is the main coin and the highest price.

[Blue Bell]

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.

They still buying btc because they have money to invest and they believe that btc has potential  to help them achieve thier goals. There are lots of reason why they invest and maybe we only have common reason. BTC  been experienced crisis yet still able to recover.

It is the good need of bitcoin the bitcoin that keep the investors invest in it because we are now old using bitcoin so I have trust but as much bitcoin is famous new users are also not worry about their money they invest in bitcoin because they know bitcoin is the most promising and the most beneficial investment ever, I think we should make bitcoin famous and more and more so it will increase the price of bitcoin for us,

[fernandoclause]

the total supply of bitcoin is only 21 million and the bitcoin enthusiasts are increasing,
this is what makes people still buy bitcoin, because believe price bitcoin will raised.
I personally expect bitcoin prices to rise in 2020

[Nyenyepogi]

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.

The real world at large, but its not a bubble in this day of cryptocurrency is a good thing for a new study, but we can be your best cryptocurrency. I believe the future, but I believe in that you are respectable with cryptocurrency. The first place in this day and it is the market leader.

[bizalaz]

People buy bitcoin because they know that everything is still ahead. This is a profitable deal about in general - this is our future. For the crypto currency future. We just have to wait a bit and everything will be very good!

[buttonmc]

I think some people buy bitcoins in the hope of reselling the crypto currency to other people at a higher price. Other people are investing in bitcoin because they believe that this technology can change the world.