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Author Topic: Do people actually buy coins with real life money?  (Read 3892 times)
prehisto
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December 16, 2017, 02:20:00 PM
 #161

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

This is quite weird question. What do you think how the market cap is growing?
Ok , there are bounties but bounties are backed by FIAT money which is introduced in market by buying crypto tokens. And yes, people transfer FIAT to exchanges and buy cryptos on daily basis.

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kristianbasdeo
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December 16, 2017, 02:22:15 PM
 #162

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

Of course, my friends and I we bought our coins from bitstamp.net
billy M.
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December 16, 2017, 02:39:48 PM
 #163

Yes off course, in order for a person to buy coins they are putting fiat money and convert them to certain coins they want. eventhough current price of this coins btc and eth for example is so huge it is still okay since you can buy them in part like satoshi and gwei based on any amount you can afford.
HeroicZ1
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December 16, 2017, 02:41:46 PM
 #164

Aside from playing Faucet games or working for coins, I don't see any other way than to buy some by exchanging them from fiat.
semarmesem195
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December 16, 2017, 02:56:34 PM
 #165

I think Yes, many people are buying coins with real money, many of which set aside some of their salary to buy coins as their investment assets. Those who believe in digital coin definitely think that this is the best investment, how not? For example we bought a coin for $100 after keeping it a few months it became $500.
Doesn't that make people interested to buy coins with their original money, because it can be profitable.

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December 16, 2017, 03:03:27 PM
 #166

nope. I see some restaurant in my country accept bitcoin for payment but I dont think anyone will do that. why? because they think bitcoin is gold. does anyone use gold for payment
you dont understand what he said. he said do people buy coin with real money. not buy real thing by bitcoin or altcoin. read carefully

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Bybox
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December 16, 2017, 03:09:51 PM
 #167

Yeah it is the only way to earn a lot of money, since you need money for trading. But you can also join bounty and work for ICO and cryptocurrency project and get pay in Bitcoin. You can also spend haft of your montly income to buy cryptocurrency. Most of my friend bought Bitcoin with real life money because they are rich. It is alway like that in trading you alway start with something even 1usd.
Hassan02
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December 16, 2017, 03:28:58 PM
 #168

Yeah it is the only way to earn a lot of money, since you need money for trading. But you can also join bounty and work for ICO and cryptocurrency project and get pay in Bitcoin. You can also spend haft of your montly income to buy cryptocurrency. Most of my friend bought Bitcoin with real life money because they are rich. It is alway like that in trading you alway start with something even 1usd.
yes eventually being atleast rich this is come way of that you can have a chance to be more richer for cause even you make buy it with real money it has a possibility that it can be doubled for so you may earn a lot but if you are taking atleast work for it in campaign then wait until when you can afford that coin you suddenly can missed a lot of chances to be.
andrearz
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December 16, 2017, 03:43:13 PM
 #169

nope. I see some restaurant in my country accept bitcoin for payment but I dont think anyone will do that. why? because they think bitcoin is gold. does anyone use gold for payment
I really agree with you, in some countries there are some restaurants that can use bitcoin payments but I think bitcoin is only used for virtual payments, if used for real life payments it is better to use a legitimate currency.
reda
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December 16, 2017, 03:54:02 PM
 #170

nope. I see some restaurant in my country accept bitcoin for payment but I dont think anyone will do that. why? because they think bitcoin is gold. does anyone use gold for payment
I really agree with you, in some countries there are some restaurants that can use bitcoin payments but I think bitcoin is only used for virtual payments, if used for real life payments it is better to use a legitimate currency.

Bitcoin is digital currency so it will use any where and any places. Bitcoin will chage any country currency. It heplful to chage your life. You will get the information of the bitcoin. Then you will know about bitcoin. Bitcoin is not affect the other currency. So it will hlep to future gather some information and invest the bitcoin in the future. So you will improver you knowledge and chage you life style.
dragonbhai
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December 16, 2017, 04:05:28 PM
 #171

i think all of investors who want to invest in bitcoin is used real money to buy it through exchange site
If you think FIAT money is real life money then you are in for a big surprise. Paper money is literally worthless and the USD has devalued 97% since it came out in the 1920s. It is also now not even backed by anything and the Federal Reserve, a private organization, has the power to print money at will and loan it out to the banks at 0% interest. Only the too big to fail banks of course.
Borisb52
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December 16, 2017, 04:07:51 PM
 #172

Believe me, people do this all the time (buy bitcoins and ethereums for real money). Here in your first post was the price of 6000 dollars for bitcoin. Look at the price of bitcoin now and draw the appropriate conclusions.
kristianbasdeo
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December 16, 2017, 07:18:19 PM
 #173

of course I'm sure almost everyone who have cryptos purchased with money in the past good thing is you can buy small amoutns with no problems
laxinternational
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December 16, 2017, 08:30:30 PM
 #174

Yes they do, and I do this too.

People saw the opportunity in the market and they shared this to their friends and all of those people started to buy altcoins with real fiat money.
elloco4ever
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December 16, 2017, 09:06:21 PM
 #175

i think all of investors who want to invest in bitcoin is used real money to buy it through exchange site

Not all the investors have invested money to buy bitcoin through exchanges but they have spend money to buy bitcoin account and i know some people who bought bitcoin account for as low as $10 and earned a fortune out of it without buying bitcoin through exchange rather earning by joining bounty campaigns and signature campaigns as well as offering any service through this forum like designing logo and also web designing, online marketing as well as coding and all there are many ways to earn bitcoin without investment so i think there are some smart people who can hit fortune without investment.

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coinseedco
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December 16, 2017, 10:12:29 PM
 #176

What year is it? I wouldn't have surprised if people asked the same question 2 or 3 years ago. But not now.
bestluck
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December 16, 2017, 11:43:50 PM
 #177

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 do that. They buy with their real life money even if the price of them increase much higher. If they will be sure that the price of them will increase then they will buy by selling their property or they will invest a smaller amount of money from their salary and from the other sources of their income.
TheNextChampion
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December 17, 2017, 02:13:38 AM
 #178

Yes many people buy bitcoin or any other coins with their own money. People who have extra money or fan of investment will buy this if they know they can profit. I'm buying too with my own money but i can't buy more due to lack of funds.

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JessyHero
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December 17, 2017, 02:16:56 AM
 #179

I still do, but I take care to bounce around 70% of the funds in between coins, as the situation with Bitcoin is a bit crazy. I'm making a small but constant profit in bitcoin, but it is anything, but passive investment, I jump in and out of Bitcoin every few days.
pratik009
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December 17, 2017, 03:15:11 AM
 #180

Yes people still buy coins with their real money.nowdays the eth price os around the $700 and the btc price is around the $20000.It' very high price but nowdays also people buy it with their real money beacause everyday the price of btc and eth increasing too much and it's still increasing.And the supply is controlled therefore the demand and. Popularity increasing very rapidly.so people  see the great profit into cryptocurrency therfore they buy it.And they also do trading  and get profit.Some people also do gambling for profit or for fun.so i think in future also people will buy cryptocurrency with their own money.
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