Why people are still buying BTC?

[harimauagam]

Because maybe the 1BTC price is very cheap it won't be needed to pay and if it's expensive it's very difficult to invest just for a lot of money to buy 1BTC or 1ETH because there is a market that is suitable for reselling the free market that is already in the fork delta or it could be on idex.

[ngocbui2605]

people are still buying BTC because they believe in bright future of it,it will have benefits in our daily life . they believe bitcoin can increase  and they can become rich with bitcoin in future

[Lubang Bawah]

People who are still buyiing bitcoin because they feels the price of bitcoin is currently very cheap, especially the trend that happens every year that prices can skyrocket when they enter the end of the year like now.

[Pujangga]

people are still buying BTC because they believe in bright future of it,it will have benefits in our daily life . they believe bitcoin can increase  and they can become rich with bitcoin in future

No doubt that the future of crypto will be bright, many countries have legalized and made regulations about bitcoin like Japan, Germany and so on, this proves that the future of bitcoin will continue to improve and soon legalized by many countries.

[wallstone]

The reason why people still buying Bitcoin, is because they know that it's worth investing for. though they know the risks, it's still part of the Business. They know that they have future here and Bitcoin is growing faster than before. if they invest early, then there will be more profit for them.

People still buying bitcoin because they have trust in bitcoin, all kinds of business have risk. Even have risk in investing in bitcoin people are continuing to join here cause they know they have future in bitcoin. Yes, your right if they invest early it's better for them cause they get more profit cause bitcoin is continues increasing the price value.

[BitcoinMarketer39]

people are still buying BTC because they believe in bright future of it,it will have benefits in our daily life . they believe bitcoin can increase  and they can become rich with bitcoin in future

No doubt that the future of crypto will be bright, many countries have legalized and made regulations about bitcoin like Japan, Germany and so on, this proves that the future of bitcoin will continue to improve and soon legalized by many countries.

Yes it will really happen in the future and that is the reason why banks are really scared of cryptocurrency now a days because it was keep on growing in different countries.

[skaynet]

bitcoin has been widely accepted in many countries so many people trust bitcoin, bitcoin is also accepted by large companies

[Harry1v]

The price of BTC has fallen sharply. Many people think it is an opportunity, so they will buy BTC when it goes down. That's what speculative markets are all about.

[Kanda Yu]

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 cannot really blame them for believing still on bitcoin knowing that it has a history of a large comeback after a deep downfall. There are still a lot of people buying bitcoin because they consider it as an opportunity to make a lot of money if ever the value of it rises again. They still believe that there's a possibility amidst the continuous crisis going on.

[bangkit tri]

The price of BTC has fallen sharply. Many people think it is an opportunity, so they will buy BTC when it goes down. That's what speculative markets are all about.

besides, they assume that bitcoin has a bright future, so when prices fall like this they assume that the right time to buy btc as much, especially nearing the end of the year, where prices will rise significantly

[fiend91]

Because they know that they can make money on this, despite the fact that the price of bitcoin in the current time is constantly falling

[jakagintiri]

I think the purpose of people buying bitcoin is almost the same, namely to invest and make a profit, indeed bitcoin has a risk, but the big benefits make people tempted so they invest in bitcoin. So for the possibility there are other reasons why people buy bitcoin thin.

[dams87]

maybe the strongest reason why they are still buying bitcoin is that they still believe that bitcoin is one way to invest that can provide huge profits so even though many negative news about bitcoin still does not affect them to invest in bitcoin

[embargo]

People buy bitcoin for two reasons - see this as an opportunity to earn and the opportunity to save capital in such an unstable and controlled financial system.

[Ayush rana]

Bitcoin is still most preferabe crypto currency now a days even after 9 years because bitcoin is the first currency which was made up as a crypto currency and it has more value than any other coin.  Bitcoin has higher dominating power now a days approx 45% dominating power which is really good for making investment decision.
You can when the price of bitcoin has fallen each and every coin also falls with bitcoin price.

[trauchot]

People are used to trusting proven things, this is exactly what concerns bitcoin, this is the very first cryptocurrency and the most reliable in my opinion at the moment. They are also attracted by the growth potential and the ability to control the entire market. Many people are still waiting and hoping that bitcoin will grow in several times and therefore they make investments in it.

[shulc7]

Most of the people who are still buying are people who believe in the encrypted world, and they believe bitcoin will come back, which has been in history in the past.

Because they believe bitcoin will become a digital currency in the future. Trust is something that makes them not care about people's analysis or people's doubts, because bitcoin's popularity cannot be stopped. Bitcoin is starting to be accepted in many countries, many businesses also accept bitcoin. Bitcoin is still bought, in addition to trading as well as investment. In the future no one knows, but belief in bitcoin will not falter.

Additionally, most of the people know that Bitcoin has a great potential to grow. We also remember the jump of BTC when it almost reached 20 thousand, and hope something like that will happen again.

[Dewao]

Most of the people who are still buying are people who believe in the encrypted world, and they believe bitcoin will come back, which has been in history in the past.

Because they believe bitcoin will become a digital currency in the future. Trust is something that makes them not care about people's analysis or people's doubts, because bitcoin's popularity cannot be stopped. Bitcoin is starting to be accepted in many countries, many businesses also accept bitcoin. Bitcoin is still bought, in addition to trading as well as investment. In the future no one knows, but belief in bitcoin will not falter.

Additionally, most of the people know that Bitcoin has a great potential to grow. We also remember the jump of BTC when it almost reached 20 thousand, and hope something like that will happen again.

When you buy bitcoin now and it will reach again that price for sure you will earn huge profit, that is the reason why there still many people who bought bitcoin  because we know that soon bitcoin price will increase again and we will get profit when the time comes that bitcoin reach again 20k$.

[Lalafell]

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.

Actually, the reasons why they keep on buying bitcoin is its a good investment which allow the investors to gain and make huge amount of income. In addition, once you invest and prefer to use in long term investment you can earn a very huge amount of income but once the price of bitcoin goes down you can probably earn low income or you will just hold it.

[LimeFeline]

The buy Bitcoin to escape centralized fiat currencies and inflation and to earn money.