Why people are still buying BTC?

[Luthfiyaaa]

because they believe and know if investing in bitcoin is very profitable. many people continue to buy bitcoins for investment, hoping they will benefit. I think that's the exact reason why people keep buying bitcoins. because I do it too. or there maybe have other reasons we maybe not know.

[Anaviscacam]

rhetorical question if you ask me. People still buy bitcoins because they see future in it and believe it is a great/good investment. You can invest 1000 Euro in trades on the stock market and make like 200 euro in a couple years or you buy 1000 euro in bitcoin and you make a couple X on it.... that why people still buy btc

[IMAR]

It is the same thing why your buying stocks or any sort of investment. You trust and believe in the product/opportunity that one day it will provide you a good or great return on your investment. Many people are optimistic and believe that cryptocurrency will a major contributor in our society. Bitcoin is like the head of the family in crytocurrency. 

[repzaj]

I think, the reason some people are still investing in BTC than other coin because BTC is still the father of all cryptocurrency coins and they thinking that BTC is still the long term investment.

[HasiViraj]

Individuals contribute in light of the fact that individuals see their future so they have to put something aside for their future.People trust that the Bitcoin will again make its pinnacle so's the reason they putting resources into Bitcoin and individuals likewise feel that this speculation will give some huge return.So that is the reason individuals making more investment.i trust multi day their fantasy will turn out to be genuine bitcoin again makes its pinnacle.

[MMA]

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.

In fact people know the importance of bitcoin, bitcoin is no doubt need of the day and its importance is increasing form time to time, that is why only wise and intelligent people will like to invest money in bitcoin, because they know that still bitcoin has a very potential to its price to increase. and hopefully very soon they will see a good increasing in bitcoin value.

[frankiemalton]

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!!

[Kurokyy]

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.

People buy bitcoins and other cryptocurrency because they believe that it was good for long term investment and all the investors are going to be wealthy in the future because the price will keep on increasing.

[mboileau]

The bitcoin is the smartest investment of the era since it requires the least amount of resources which is available in every household a mere credit card and a computer other than that it's a simple no-brainer formula the longer you hold it the more value it creates for you,

[hatsoff2btc]

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.

It is showing signals of rise in the price values in the market. We have had a fall followed by a rise and another fall below $6000 followed by instant recovery. This lead to the hope of further rise in the market and people started pouring in their funds to own the coins at low cost and increase their marginal profit in future when the market will be green. I hope we will have a bull market towards the end of the year.

[Tuyul_Dollar]

Bitcoin is a digital currency that has been in use at the international level. However, this relatively cheap price will support transaction activity, I imagine it is still very much in single digit territory. Needless to say, very common two and three digits appear as a result of speculation / manipulation, and let's face it.

[BangkokCookies]

maybe one the one hand, enjoy the virtual world; on the other hand, invest their extra money.

[linesretweetG]

That's simple, because BTC is the future
FIAT won't be our currency into the next decades, we need more digital assets

[Cacao2017]

We still buy bitcoin because we find that bitcoin will grow and the price of them will increase as we buy it, which will give us a quick chance to become richer.

[bitcon]

Bitcoin is a digital currency that has been in use at the international level. However, this relatively cheap price will support transaction activity, I imagine it is still very much in single digit territory. Needless to say, very common two and three digits appear as a result of speculation / manipulation, and let's face it.

Obviously, people consider BTC worth of being invested in, so they buy it.
BTW, 5 years have passed since the topic starter asked his questions. People still buy BTC, even though it's price is much higher now. Moreover, BTC became a legal currency in Japan. I wonder if topic starter still consider it worthless.

[kripkiki12]

There might be attempts to enhance the technology behind it, but Bitcoin still remains the alfa cryptocurrency and all the other prices are massively depend on it. It might be replaced at some point by a more innovative and efficient competitor, but for now, I do not think it is in a very big danger

[HSRP]

That's simple, because BTC is the future
FIAT won't be our currency into the next decades, we need more digital assets

Bitcoin is very potential in the future with outstanding advantages and efficiency in online payment. I believe in the future Bitcoin can completely replace the traditional payment types.

[laracastvue]

Bitcoin is a digital currency that has been in use at the international level. However, this relatively cheap price will support transaction activity, I imagine it is still very much in single digit territory. Needless to say, very common two and three digits appear as a result of speculation / manipulation, and let's face it.

People believe that cryptocurrency is really good for long term investment so they are still investing right now even though the market price are dropping but it was also the best time to invest because you can avail btc while the price is cheaper.

[mel1978]

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 are still buying bitcoin because they are believing that bitcoin will soon to rise on its price in the nearest period of time. For me I will prefer to buy bitcoin for now because the price is very low, I will save and hold it and wait for the right time to rise its price in the market. If this will happen I can have huge profit. If you will look at the history of bitcoin, you can decide that it is profitable for now to buy bitcoin. This is in my own opinion.

[chosenboy4]

What do you think if Gold supply is ended and no one can mine it any further. will the gold price will rise or it will fall to Zero? or we will start to use Aluminium or Iron.