Why people are still buying Bitcoin?

[Tugsukana]

Why do people still buy Bitcoin?
people will be interested in buying because it takes, not unlike with people who buy bitcoin at this time because people need bitcoin.

[Ekimzjames20]

Why do people still buy Bitcoin?
people will be interested in buying because it takes, not unlike with people who buy bitcoin at this time because people need bitcoin.

People buy bitcoin because they used for thier business transaction. And other people also is invest for thier future. They hold for the long term to get big profits.

[Anya Doreen]

Many people are still buying bitcoin because they have high hopes that sooner or later it will  rise up to the price they where before. We can never really tell or guess because everything changes rapidly. As of now we can only hope that bitcoin will not fail us and show us something soon. Anyway, we can also think that this is our investment. A risky one though. But nevertheless still we are investing into something we hope to succeed.

[Dod Ong]

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.

I think why some people are still buying bitcoin because of some investor that have a great transactions. So I think they are still buying because the bitcoin price will become higher and also they can earn more money for their job or work, I want to earn also money so I still buying bitcoin and to have a transaction to anyone.

[Kita Kita]

Even if you preferred Gold or Silver there is no guarantee that they will earn a stable growth of 20% to 35% investments don't have any assurances and to give you a brief history Silver was valued more compared to Gold, look at where they are now? This give as an understanding that in the future there are really no guarantees on what will happen to their prices. And in Bitcoin you don't need to wait for it to go to 16,000$ to double your money, you can buy and sell it even with just a 100 or 200$ price decrease in increase, you will be surprised on how fast you will double your money in that technique compared to waiting it off on big target price.

I certainly agree, because it is true that there is no assurance that your other investments will have a stable growth between 20 to 35 percent. That is why nowadays investors preferred to used bitcoin as their investment, not only because it guarantees a higher income but also the probability of having a stable investment is high compared to other investments.

[mulyadi dedii]

because bitcoin is a profitable investment asset in the long term. investors are speculating about bitcoin prices that will continue to rise up in the next few years. so from now on they continue to collect bitcoins, then sold to the price they are predicting.

[rightway00372018]

Even if you preferred Gold or Silver there is no guarantee that they will earn a stable growth of 20% to 35% investments don't have any assurances and to give you a brief history Silver was valued more compared to Gold, look at where they are now? This give as an understanding that in the future there are really no guarantees on what will happen to their prices. And in Bitcoin you don't need to wait for it to go to 16,000$ to double your money, you can buy and sell it even with just a 100 or 200$ price decrease in increase, you will be surprised on how fast you will double your money in that technique compared to waiting it off on big target price.

I certainly agree, because it is true that there is no assurance that your other investments will have a stable growth between 20 to 35 percent. That is why nowadays investors preferred to used bitcoin as their investment, not only because it guarantees a higher income but also the probability of having a stable investment is high compared to other investments.

It's really hard to believe that even in hard times of bitcoin there are still people willing to invest and hoping for the bitcoin to recover it market value.

[Faithgg]

According to me, due to crowd psychology, people still rush to buy bitcoin. Today, bitcoin is the most valued virtual currency, so many people know it and expect it. Many people expect it to be so expensive that it will buy it. And this creates an effect that many people continue to buy bitcoin.

[Donnie_28]

We still buy bitcoin because we are still hoping that bitcoin can will get a higher profit by just holding it from a long term investment. We can say it has a great opportunity to became its success.

[sneeze11]

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.

People are still buying bitcoin because they all know that they can be rich if they have it because the price of it is unpredictable and it is increasing unexpectedly. Just like what our investor said buy in a low price and sell it in a high price.

[kingkongcorp]

People Will not Expect Bitcoin to Reach $ 16,000 Because They Think Bitcoin Is Just Being Foolish So Now They're New Because Bitcoin Has Became The Highest Price So They Will Be Very Satisfied Because They Do not Buy It At The $ 1 Price If They Buy 1BTC Only They Will Pasi Getting The Profits Are Very Many Even They Can Also Buy Home And Build Business If They Buy Bitcoin At The Price Of $ 1 Now Bitcoin Has Penetrated The Price $ 16,000 So They Are Very Meyesal

[monarchy]

Yes If We Are Now Buying Bitcoin At The Price Of $ 8000 Maybe That's A Very Small Advantage Different For Those Who Have Bitcoin Buying From The $ 1 Price Maybe They Have Become A Billionaire Thanks to Bitcoin If They Buy 10 BTC In Year 2009 And They Sell Her In 2017 Maybe They Have Been Become a billionaire Thanks to Bitcoin

[bentong talong]

Most of people buy bitcoin, because we all believe that bitcoin will increase more in the future and everyone want to wealthy. Number of bitcoin will be less and less, which mean is the price will go up

Yes, people are still confident that the price of Bitcoin will increase in the future, that's why they are still buying Bitcoin. Obviously, the support of Bitcoin will be stronger.

[fuer44]

now the price is falling, and everyone hopes that bitcoin will explode at the end of the year just as it did at the end of last year. they all buy bitcoin and hold to make a profit when the price goes up later.

[t39]

I think mostly bitcoin is bought by traders, they do not want to earn one bitcoin a week. They want the same result in a few days or even hours. Trade is happening on standard market system buy cheaper, and sell more expensive.

[MMysterious]

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.

People are still buying bitcoin because they all know that they can be rich if they have it because the price of it is unpredictable and it is increasing unexpectedly. Just like what our investor said buy in a low price and sell it in a high price.

Can someone challenge the maker of this thread into a bet? I am willing to take that bitcoin will reach $16,000 again before year 2023 starts. We can choose some top people in this community to serve as escrow.

[tanjimaarfin23]

Many people are still buying bitcoin because they have high hopes that sooner or later it will  rise up to the price they where before. And people are still confident that the price of Bitcoin will increase in the future, that's why they are still buying Bitcoin.

[First77]

Can someone challenge the maker of this thread into a bet? I am willing to take that bitcoin will reach $16,000 again before year 2023 starts. We can choose some top people in this community to serve as escrow.

Bitcoin $8,000 or $15,000 is betting. Nothing else.

[20_JeRRy_20]

Some buy bitcoins because it is a "long-term storage of value, like gold and silver", others buy cryptocurrencies on the recommendation of a friend or a loved one, some bought BTC because the price was "too low" and only a small part of people plan to use it as a means of payment.

[Kuya Kim]

People are still buying Bitcoin because they are true believer. Even the price is dropping, tgey are all confident that it will rise again like what happened last year.