Why people are still buying BTC?

[rlm42]

The main purpose of buying bitcoin is certainly an investment, more exact longterm investments, in the hope of getting good X in the foreseeable future. Fans of technology and others, I think, less at times.

[azizfikri2]

The main purpose people are still buying BTC because they believe BTC will be rise again and BTC is the best way to invest some money and hold it untill they sell again. BTC can be long term investing because we know in some exchanger too many transaction for btc and another altcoin, and is the best way for buying BTC

[yusupjatigumilar]

3 Reasons Why Now Is The Right Time To Buy Bitcoin
1. Bitcoin Still Becomes Trending
Something that remains a trend, will continue to attract the attention of many people. Whatever it is, including Bitcoin. There are still many people who talk about Bitcoin, even Blockchain is the basic technology Bitcoin is now increasingly adopted people.

The evidence that Bitcoin brings forth a fresh breeze is that more and more nations are trying to solve Bitcoin problems by designing rules to keep them from being wrong and monitored.

[yusupjatigumilar]

3 Reasons Why Now Is The Right Time To Buy Bitcoin
1. Bitcoin Still Becomes Trending
Something that remains a trend, will continue to attract the attention of many people. Whatever it is, including Bitcoin. There are still many people who talk about Bitcoin, even Blockchain is the basic technology Bitcoin is now increasingly adopted people.

The evidence that Bitcoin brings forth a fresh breeze is that more and more nations are trying to solve Bitcoin problems by designing rules to keep them from being wrong and monitored. All you have to remember is: although more and more new virtual currency is emerging, Bitcoin remains its ruler.

Stay tuned for Bitcoin ETF
ETF (exchange traded-fund) is a kind of mutual fund product that can be traded in stock exchange. The United States is reported to be launching Bitcoin-based ETF products in 2018. With short-term trading, Bitcoin will be one of the accepted assets. This can certainly raise the public's hype towards Bitcoin and of course will boost the price of Bitcoin back.

[yusupjatigumilar]

3 Reasons Why Now Is The Right Time To Buy Bitcoin
1. Bitcoin Still Becomes Trending
Something that remains a trend, will continue to attract the attention of many people. Whatever it is, including Bitcoin. There are still many people who talk about Bitcoin, even Blockchain is the basic technology Bitcoin is now increasingly adopted people.

The evidence that Bitcoin brings forth a fresh breeze is that more and more nations are trying to solve Bitcoin problems by designing rules to keep them from being wrong and monitored.

Stay tuned for Bitcoin ETF
ETF (exchange traded-fund) is a kind of mutual fund product that can be traded in stock exchange. The United States is reported to be launching Bitcoin-based ETF products in 2018. With short-term trading, Bitcoin will be one of the accepted assets. This can certainly raise the public's hype towards Bitcoin and of course will boost the price of Bitcoin back.

Adoption by Various Institutions
A growing number of futures are adding to Bitcoin's legitimacy as one of the top asset. There are many success stories that we can see from here. For example when Bill Miller risked his crypto hedge fund and managed to get 50% Bitcoin.

Not only various agencies, developing countries like Venezuela who are experiencing economic problems for example, managed to rise with the help of Bitcoin. The existence of Bitcoin helps them overcome the decline in the value of national currency.

[Visteryy]

The main purpose of buying bitcoin is certainly an investment, more exact longterm investments, in the hope of getting good X in the foreseeable future. Fans of technology and others, I think, less at times.

I think that investors are still buying Bitcoin at present because it is really the safest choice in the cryptocurrency market, although Bitcoin is difficult to increase as many as low value altcoins. BTC is the best in this time. I also bought BTC for the past few days, hoping it would be better.

[Joyjoy16]

I think they are buying because of a low price then they will earn btc then thwy will wait for the high price.

[Coleth]

Bitcoin is now rising again so why should people stop in investing. The more people invest when they see that it is now recovering. So what must investors do... buy more and invest more or let people join you.

[Pepito Manaloto]

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.

No matter what people say about bitcoin, many will still keep on buying it specially now that it has a very low value which is good for holding while waiting for the pump to happen this year. Its all about being strategic over your buying and selling so that you can benefit from such things and make the most of your investments as successful as it can be.

[gusnulyadi]

You will be very happy with Bitcoin because it can make money through long-term investments or daily trading. I see now many present shopping centers or cafes that accept bitcoin. is not that a progress for the world of cryptocurancy?
when you want to take a vacation, you will meet the locals and exchange your Bitcoin for fiat and save the expensive fees that our bank will charge us to do. you are also looking for a restaurant that will take Bitcoin so you do not have to pay the exchange fee as well. Have you felt very happy to have Bitcoin, and that's just one small example.

[munify]

That's because their belief in bitcoin is huge, and therefore they are still buying bitcoins. It's all because trust and bitcoin are worth believing to make a profit.

[paynercash]

The main purpose of buying bitcoin is certainly an investment, more exact longterm investments, in the hope of getting good X in the foreseeable future. Fans of technology and others, I think, less at times.

In my opinion. There are certainly a number of factors that influence the bitcoin value
But there are some things that can be found in new types of copper that make communities less trustworthy and less motivated to invest
However, depending on the currency of different values and useful to the community is very strong welcome. It is very likely that the future of the BTC market is expected. I also think it will succeed. So they continue to buy them is correct.

[nightways]

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.

There is nothing bad happened with the Bitcoin just the market value faced with downfalls and can recover anytime so do not think that market has something which are unfavorable. In my opinion market either low or high benefits us but it is we who are making complications. People can buy Bitcoins in this low market with but in large quantity using less money so it is benefit in start.

Today as the price has increased more up to 6707 dollar so people will be in benefits who have bought on price lesser than the current price which will benefit less as the price is still low. It will be irrelevant if they sell now because selling will decrease the price again so the better option is to hold for long term. The price will increase in this way and we will get for what we are here.

[crypto.nik11]

People are investing in bitcoin for different reasons. They might see a good reason to stick with it for a long term. Chart may crash sometimes, but for a long term investments it's not a big deal. They see a big picture.

[Kira_lapa]

People continue to invest in bitcoin, because they earn good money on it. Its price is growing. Even when its price falls, it does not mean that the coin depreciates. It rather means a correction of its price.

[buttonmc]

People are always hoping for a better future and so if it would be a smallest opportunity to gain some well then we will have tons of people going and trying to perform that.

[onrise]

People are always hoping for a better future and so if it would be a smallest opportunity to gain some well then we will have tons of people going and trying to perform that.

If you believe in it then you should always be asking the question why should I miss the opportunity of the future as just think if people would have thought why to buy 5 years before had they become millionaire or billionaire?

[kenzruiz]

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.

Many people buy Bitcoin because of profit, They earn money by investing.The rising use of debt is one of the reasons.Banks are halting purchases of Bitcoin and other cryptocurrencies on their credit cards. Because of this many people attracted and want to buy bitcoin. I think bitcoin in future become much more popular.

[Rumayanhi]

People invest in bitcoin there are many ways.
They see good reasons to stick with it and most of them think long term.

[margert]

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.

You can see that the current time of the altcoin girl is very strong but the price of bitcoin is constantly increasing over the past hours, now the market is fluctuating constantly and so difficult to guess so I think to We should only buy and invest in bitcoin at this time. In the medium term, bitcoin prices may continue to increase in the near future.