Buying Bitcoin Based Alone on Speculation?

[iamTom123]

One of the many reasons why some well-meaning personalities (both pro and anti-Bitcoin) are warning us about the possibility of Bitcoin becoming a big bubble that can pop anytime is because there is really a voluminous speculation around Bitcoin...meaning that many people are getting into Bitcoin solely because they are expecting to gain something -- a big gain at that!

Maybe a lot of new Bitcoin buyers are basing their decision to enter Bitcoin on many published predictions and projections that soon Bitcoin can go as high  $10,000 or even $20,000 weeks from now. You could not get that kind of return or ROI anywhere else unless you can be involved with illegal or immoral business.

Honestly, when you first bought your Bitcoin were you speculating too?

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[DaMut]

nope,
the first time i bought this Bitcoin i always thought it would be big in the future.
why ?
it's very simple because you can buy/pay/send your money across the world in a second.
honestly speaking whenever i tried to buy something oversea,i always had a problem to pay it.
because most of them did not use Paypal or something like that,while i only can use it to pay it.
when i heard about Bitcoin,i believe if it'll be successfull in the future because i believe it's not only me had a problem like that.
other than that we can safely store our money without authorities behind it.

[hase0278]

nope,
the first time i bought this Bitcoin i always thought it would be big in the future.
why ?
it's very simple because you can buy/pay/send your money across the world in a second.
honestly speaking whenever i tried to buy something oversea,i always had a problem to pay it.
because most of them did not use Paypal or something like that,while i only can use it to pay it.
when i heard about Bitcoin,i believe if it'll be successfull in the future because i believe it's not only me had a problem like that.
other than that we can safely store our money without authorities behind it.

Then you were speculating too because you have thought that bitcoin is going big in the future when you bought it, technically thinking like that is the same as speculating. I agree on the latter parts or your statement though and that is the main selling point of bitcoin as well as crypto. I am pro bitcoin but I think that many of bitcoin users today have bought with the intent to speculate, and to be honest I am one of those who bought bitcoin in the past thinking it will be big in the future, and because of this I think OP is right for now.

[monsterous]

like you say only price now push new users they hope to buy bitcoin for 7,000$ and sell it after month for 10,000$

[dothebeats]

Yes. I was hoping that the price would somehow climb to at least $500 after I snatched my first coin. Almost immediately forgot that I have some coins since the rise was slow and very boring, but i still kept on buying in hopes that I'd make it big. I bought my coins purely because of speculation and partly because I believe in the coin. If everyone buys because they speculate, it only means that they regard bitcoin as an investment more than as a currency, which clearly isn't what it's meant to be.