Why people are still buying Bitcoin?

[diickydbo]

Probably by buying bitcoin they can profit randomly when they hold it within a certain time. Because bitcoin is hard to predict sometimes the rate of bitcoin price increase can reach 2-3x the price now.

[Mofazzal840]

Actually people love & trust bitcoin.On other hand btc price is down now.So people are still buying btc.They also know that bitcoin is profitable currency.  

[reality18]

People buy bitcoin because it is the first cryptocurrency and has gained much trust in the crypto market. Bitcoin has made a legacy of $20K and with this, people believe it can still hit back that price again and even beyond. Personally, i'm still buying and holding more BTC.

[Kay94]

People are still buying btc because they know how cyrptocurrencies operates. Considering the fact the the markets are down doesnt mean crypto will die. Buying it now will earn them in the time to come when btc hits the moon once again.

[greg458]

If people buy Bitcoin at $8,000, they will get 100% profit only when Bitcoin reaches $16,000. If it takes 5 years to reach $16,000, people will earn more money from Gold and Silver than from Bitcoin. Silver is giving 20% to 35% profit in one year.

Bruh, it's not how investment works....
Why ppl still buying bitcoin? There are many things, like someone think that bitcoin is secure, someone think bitcoin is really annonym, someone think that bitcoin easy to use (cause you can use bitcoin everywhere), or something like that...

And about ROI by investing on bitcoin>>dude, do you never ever hear/read thing that called crypto trading? By trading on crypocurrencies you can earn 100% profit only for few month even day (pls note that cryptocurrency not only bitcoin)

How about "why ppl not investing/buying gold/silver?" as I said above, it's because they think bitcoin is safe (if you investing on gold, you have probability to get robbed bigger than investing on bitcoin, why? Because till now (atleast), nobody can't hack bitcoin...

Mining cost of one Bitcoin is $5,000 or more. When Bitcoin was $400 or $800 it was understandable because people had to just spend $400 or $800 to get one Bitcoin and $1,200 is super high profits when Bitcoin started from $1.

It's called investment, it's not about when you dedicating to investing, it's all about when you take profits.

[Viranz]

Because people still believe in bitcoin so they are still buying bitcoins or they may just want to gamble in bitcoin.

[Daniel91]

Because of hope.
Ordinary people can't become rich in the ordinary way.
We know that we are not smart enough to build some successful business, or to trade successfully in the stock market, or lucky enough to win the lottery.
So, for the most people, bitcoin is their ''ticket'' for the better life

[THATBTC]

If people buy Bitcoin at $8,000, they will get 100% profit only when Bitcoin reaches $16,000. If it takes 5 years to reach $16,000, people will earn more money from Gold and Silver than from Bitcoin. Silver is giving 20% to 35% profit in one year.

Mining cost of one Bitcoin is $5,000 or more. When Bitcoin was $400 or $800 it was understandable because people had to just spend $400 or $800 to get one Bitcoin and $1,200 is super high profits when Bitcoin started from $1.

bitcoin it's the future, so the tendency will be increase

[MudahDanHemat]

Because for me bitcoin provides convenience and practicality. The easier it becomes because I can buy various needs with bitcoin, especially amazon also received bitcoin as payment option. This is what I think is why people are still buying bitcoins.

[ragavancoin]

Peoples are still believe in Bitcoin and going to take over the world present  currencies,  our future currency it will be digital currency is like a bitcoin or any other cryptocurrencies.

[KID_28]

Because bitcoin holders are the next generation billionaires. The profit on investing in bitcoin is way more higher than investing your money on any other forms of investments.

[Mikasa77]

If people buy Bitcoin at $8,000, they will get 100% profit only when Bitcoin reaches $16,000. If it takes 5 years to reach $16,000, people will earn more money from Gold and Silver than from Bitcoin. Silver is giving 20% to 35% profit in one year.

Mining cost of one Bitcoin is $5,000 or more. When Bitcoin was $400 or $800 it was understandable because people had to just spend $400 or $800 to get one Bitcoin and $1,200 is super high profits when Bitcoin started from $1.

For me, because they still believe in bitcoin even though the value of money has a long time to make the price get high. Bitcoin can improve the social status of every user. Bitcoin is hard but it is worth it to wait and because many users still giving their trust because they believe that bitcoin will get higher value even it is a long time.

[imking]

If people buy Bitcoin at $8,000, they will get 100% profit only when Bitcoin reaches $16,000. If it takes 5 years to reach $16,000, people will earn more money from Gold and Silver than from Bitcoin. Silver is giving 20% to 35% profit in one year.

Mining cost of one Bitcoin is $5,000 or more. When Bitcoin was $400 or $800 it was understandable because people had to just spend $400 or $800 to get one Bitcoin and $1,200 is super high profits when Bitcoin started from $1.

Are you sure the value of the bitcoin reach $16,000 takes five years? Bitcoin value is not predictable. If you think earning in bitcoin is faster than gold and silver, why I don’t hear a news people getting rich on investing or holder of gold and silver. Some people keep on buying bitcoin because we know the potential and the capability of having the bitcoin. Can you use the gold or silver as a form of payment on this generation?

[Stevelulia]

i think they keep investing bitcoin because they know in the future, bitcoin will increase higher and higher value so that they get a big profit when they trade it to someone.

[KKH84]

I think in addition to as investment, people who bought bitcoin believe in the future bitcoin will have the value of a very fantastic.

[jakoylantern]

For me, why people are still buying bitcoin because of the main reason, they can still profit from it, and they want to use it because of bitcoin’s capability. Many people or users purchase bitcoin because they can even earn money on it if you can profit a massive amount of money even bitcoin’s value is fluctuating too much why you will stop. The over factors is there are grabbing this opportunity to buy bitcoin at a low amount and sell it to their effective rate. The last reason is maybe they want to use bitcoin we all know that bitcoin’s acceptance in big, in terms of payment system, because most of the establishment now know about bitcoin and some of them accept bitcoin as a payment, less transaction, and hard work to some users if they are using bitcoin, like no more queue.

[Lynh kolh]

Bitcoin is still one of the best coins there is in the market ,still at the top of the market with the highest market cap and vlue, the coin i currently taking a dip, and low in valuation but those who know better knows that it will regain its value with time

[mdmcontact]

there is a reliable option of investing 4k$. To buy several #btc, when he leaves for a correction below the $2k

[PilosopongTacio]

If people buy Bitcoin at $8,000, they will get 100% profit only when Bitcoin reaches $16,000. If it takes 5 years to reach $16,000, people will earn more money from Gold and Silver than from Bitcoin. Silver is giving 20% to 35% profit in one year.

Mining cost of one Bitcoin is $5,000 or more. When Bitcoin was $400 or $800 it was understandable because people had to just spend $400 or $800 to get one Bitcoin and $1,200 is super high profits when Bitcoin started from $1.

If you have the capital to buy bitcoin then why not, as long as you're willing to wait and you're ready to take the risk and there are a lot of people in the crypto industry that holds their bitcoin for a very long time. They buy bitcoin because they saw potential and opportunity to gain profit in the future. The changes of its value from time to time differs from the previous one. So, it may surpass again its highest recorded value maybe in the next 2 years. Its value accelerated a bit fast from the past 3 years or so. Maybe it will reach $10k-12k this year. Honestly speaking, we really can't tell.

[brotherwood12]

because they trust bitcoin i think?
and bitcoin have give good proof that it can stand till now and still get higher price year by year