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Author Topic: Do people actually buy coins with real life money?  (Read 3244 times)
adamcro
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November 15, 2017, 01:27:38 PM
 #1

Now when BC is sky high and ETH also pretty high. DO people even give their real money for those currencies. I mean give 300$ for 1ETH or 6000$ for 1BC is too much for most people.
I mean how often do people buy crypto currency like ETH and BC
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November 15, 2017, 01:53:57 PM
 #2

it's all depend on the trader themself,
for us $300 and $6000 is a lot,but for them who has a million dollars in their pocket buying something like this can not be considered an expensive thing.
also they're looking it at the bigger picture,just look at it right now.
people will stop buying something directly but instead they're using an online payment to buy something and waiting for their item to be delivered.
if this continous do not you think Bitcoin has a lot potential in the future ?
they're seeing it as a hidden treasure that is why they're buying it with their 'real' money aka Fiat.
how often ? you can see everyday people made a trade,which mean everytime or every second people made a trade.
everybody have their own life,their own financial and etc etc.
so everything is all depend on the viewer themself,

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November 15, 2017, 02:03:21 PM
 #3

Now when BC is sky high and ETH also pretty high. DO people even give their real money for those currencies. I mean give 300$ for 1ETH or 6000$ for 1BC is too much for most people.
I mean how often do people buy crypto currency like ETH and BC
Right now I think most people have prioritized buying digital currency. there are several percent of assets that they share to buy digital currency. from the scale that I see then most people buying digital currency is for the purpose of being used as an investment, very people who use it to conduct financial transactions. for example is me, i spend 50% of my savings to buy Bitcoin. so when I can save 500 $ each month then I will allocate as much as 250 $ to buy Bitcoin and the rest I save to buy assets such as land and gold. it is a formula that I use every time and I am sure that I do it can maintain the stability of my balance sheet.
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November 15, 2017, 02:07:06 PM
 #4

I buy bitcoin every month with half of my salary! I have been doing this for last four years and this habit of mine has afforded me opportunity to buy my own house change my car and buying more asset!



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November 15, 2017, 02:10:05 PM
 #5

Some people do, of course. Personally I bought bitcoins in June when the price was around 2400 USD. I decided to spend about 30% of my "extra money" which is money that I don't necessarily need for everyday spending. I didn't invest fiat currency since then but the main reason is not the price but simply I don't want to have more than 30% of my capital in crypto.

Back to your question, I don't think the price above 6000 USD is a problem, people are still buying because they believe it will go to 10K and more. Most people buy fraction of bitcoin, maybe 1000 USD worth of bitcoin. Although some people that I talked to, actually said that bitcoin is too expensive for them right now so they will not buy it. But these people don't really understand bitcoin or they don't trust anything that is virtual, including crpytocurrencies. Even if I would have talked to them when price was 2000 USD, they would say the same, that it's too expensive and it is a bubble.
So people who learned about blockchain and belive that this is the future of economy, will keep buying, no matter the price.
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November 15, 2017, 02:33:19 PM
 #6

I think BC is not a significant enough for the next few years, because it basically BC still one or have a relationship with bitcoin. Where if I thought or understanding about BC. Cryptocurrency only as a place to manufacture things that have not been useless, because the technology in the bitcoin is already better and certainly a lot of accepted or considered as well as sought after by entrepreneurs or companies that already have outstanding economy

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November 15, 2017, 02:49:52 PM
 #7

There are still more rich people who yet don't know about bitcoin.So,whatever the price be,still there will be people investing in bitcoin.Also,some people who work spends around 25 to 30% of their salary every month to buy bitcoins irrespective of its price as they could not afford at once to buy a whole bitcoin.People see their future to be bright with bitcoin and so they continue to buy it and also,bitcoin has not disappointed them yet.

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November 15, 2017, 03:01:12 PM
 #8

People will keep buying as long as they will think that there is still room for growth, no matter the price.

The only thing that might change is who is buying bitcoin. So far most buyers were normal people but I think this has already started to change. More and more banks and big speculative investors are buying bitcoins because they figured out that it's not a bubble so they want to get their share of 21 million bitcoins before the price goes even higher.
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November 15, 2017, 03:09:27 PM
 #9

Now when BC is sky high and ETH also pretty high. DO people even give their real money for those currencies. I mean give 300$ for 1ETH or 6000$ for 1BC is too much for most people.
I mean how often do people buy crypto currency like ETH and BC
Those who are jumping in the Bitcoin world yes they are real money to buy Bitcoin, specially to those who are interested to join trading or wants to join an investment scheme that requires Bitcoin as a deposit (which we dont encourage). When I was new in Bitcoin I bought Bitcoins using my own money to start gambling in online casino and after a few months I learned that there's a lot of ways to earn Bitcoins which is better than buying it.

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November 15, 2017, 03:15:30 PM
 #10

Now when BC is sky high and ETH also pretty high. DO people even give their real money for those currencies. I mean give 300$ for 1ETH or 6000$ for 1BC is too much for most people.
I mean how often do people buy crypto currency like ETH and BC
Those who are jumping in the Bitcoin world yes they are real money to buy Bitcoin, specially to those who are interested to join trading or wants to join an investment scheme that requires Bitcoin as a deposit (which we dont encourage). When I was new in Bitcoin I bought Bitcoins using my own money to start gambling in online casino and after a few months I learned that there's a lot of ways to earn Bitcoins which is better than buying it.
yeap mostly that's the case, but in some people here who are more veterans in this forum, they knew a lot of ways to earn bitcoins aside from buying using fiats. ti tell it honestly before i was also buying bitcoins using my own money from my pocket, until i found out several ways to earn and realize its more helpful than spending my own money which is intented for different purpose.
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November 15, 2017, 03:31:42 PM
 #11

Now when BC is sky high and ETH also pretty high. DO people even give their real money for those currencies. I mean give 300$ for 1ETH or 6000$ for 1BC is too much for most people.
I mean how often do people buy crypto currency like ETH and BC
It is worth, both Bitcoins and Eth are valuable coins that can be convert to cash anytime. I have been split money from my salary every month to buy Eth. No really much, i only buying about 0,5 Eth per month, as i believe Eth will have good price mark in next year. I did this for long invest,

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November 15, 2017, 06:13:33 PM
 #12

Cool great, I mean yes, even if someone can't buy ETH or BC they can buy some other currency which might go up and profit there. But it's definitely worth it
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November 15, 2017, 06:16:05 PM
 #13

Now when BC is sky high and ETH also pretty high. DO people even give their real money for those currencies. I mean give 300$ for 1ETH or 6000$ for 1BC is too much for most people.
I mean how often do people buy crypto currency like ETH and BC

I've been doing this frequently. I don't have another option. Provide small budget from my pcoket and keep buying the best ones. This is what you said, valid for me.

I do this once a week or 4 times a month.
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November 15, 2017, 06:23:15 PM
 #14

Now when BC is sky high and ETH also pretty high. DO people even give their real money for those currencies. I mean give 300$ for 1ETH or 6000$ for 1BC is too much for most people.
I mean how often do people buy crypto currency like ETH and BC

All the time, if you look at the daily trade for these currencies it is absolutely huge, while $300 or $6000 may seem a lot to you, to others it is worthwhile to purchase at those prices.

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November 15, 2017, 06:30:11 PM
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I will make every attempt to invest real money into crypto at every opportunity. Once there's a way to convert any of my retirement accounts to crypto, I'll most likely move to that as well.
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November 15, 2017, 06:40:46 PM
 #16

I am regularly buying bitcoin and other alts with my real cash and also cashing them out for local fiat without any issue. Its the real value and people are paying real cash for cryptocurrencies.

People are willing to sell their house, luxury cars for bitcoin, you can pay for your degree with bitcoin in few colleges and you can order computers from dell with bitcoin. Bitcoin and other cryptos are real currency and soon you can use them in every local stores and online shops.

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November 15, 2017, 06:47:22 PM
 #17

Now when BC is sky high and ETH also pretty high. DO people even give their real money for those currencies. I mean give 300$ for 1ETH or 6000$ for 1BC is too much for most people.
I mean how often do people buy crypto currency like ETH and BC
Its not actually necessary for a certain person to bought a whole unit of bitcoin or etherium since we do know we can buy it on little parts which means we can still afford and we do able to buy bitcoin even on small amounts but talking about buying as a whole then im sure there are still people who are really willing to buy inspite of its high price because they do have trust on bitcoin or any other altcoins in the market which do have potential on giving them good profits.


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dmamigo
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November 15, 2017, 06:59:34 PM
 #18

Obviously yes, many people does so. People who are investor mostly buys Bitcoin and altcoins with real money, that's the only option.
If you are talking about earning, then I might say for investors its not feasible. And also who use it as a currency, they have to convert there fiat to crypto to transact. Personally, I often do it when in need. And for investing purpose in ICOs and new altcoins, I had to buy either BTC or ETH.
But its not necessarily mandatory though, common users and service providers have great opportunity to earn them.

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November 15, 2017, 07:00:46 PM
 #19

Now when BC is sky high and ETH also pretty high. DO people even give their real money for those currencies. I mean give 300$ for 1ETH or 6000$ for 1BC is too much for most people.
I mean how often do people buy crypto currency like ETH and BC
Yes, people are keep on buying not only those coins that you mentioned but most of the time with bitcoin. And you know what? when it's payday there's a big money that are entering to the cryptocurrency market cap. Investors are now wise to keep on buying when they have cash on hand and using it to gain more coins to hold, they are futuristic thinkers and believe that bitcoin and other alt coins can secure our future.
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November 15, 2017, 07:06:06 PM
 #20

Actually I know many people who are buying bitcoins even the price is very high. Some have even put their life savings into bitcoin because they are convinced that in short time they can earn big sum. With increased number of users and high price many people who don't know much about cryptocurrencies entered the bitcoin community and some of them are ready to invest huge amount of money without even knowing the market. But not all of them at the end will make the profit.

malaj
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