Why people are still buying Bitcoin?

[zuhabib]

Why do people still buy bitcoin in my opinion anyway because the bitcoin is still widely trusted by many people because bitcoin still provides considerable benefits in my opinion

[wisdomcn]

Well you are right by saying that you can only make 100% if the price of bitcoin get to $16,000 that is if someone invested at the rate of $8,000 per bitcoin. Now look at this, for passed few months ago. The price of bitcoin have been been falling down bellow $7,200 and have also be rising up above $8,500 withing interval on two to three weeks. If you check out the difference is $1300 that mean if you buy bitcoin whenever the price falls bellow $7,200 and get ready to sale whenever the price rises above $8,500 you will realize that you make more that $8000 profit before an interval of one year.

[Aryadwipanggah]

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.

this may be a reasonable prediction, but cryptoes are especially bitcoin full of surprises and sometimes beyond our reasonable predictions, we know by the middle of 2016 when bitcoin is still worth $ 565 we never realized at the end of 2017 could be worth 20k $ and it does not take 5 years to earn 40-fold profit and this is the reason many people to buy bitcoin

[poisonivy77]

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.

That is not independent it's value may vary it's price is uncertain,no one can guarantee how well it's price going to vary. Still people have hopes for bitcoin.

[CottonGuy]

It's because bitcoin's value will always increase and still hasn't reached its all time high and supply limit.

[drlederman]

Store of value... hold it like virtual gold rather than spend it as a currency.

[chichibano]

 Many people think that bitcoin is about to die but this is just the beginning of market getting mature, This is a great time to buy. Watch the market is going to go down so low that everyone will see the time to buy and it will rise up up and away. What bitcoin is capable of is truly an innovation that will change the world, it is here to stay. It will rebound to 30–50k by the years end.

[Indai24]

Many people think that bitcoin is about to die but this is just the beginning of market getting mature, This is a great time to buy. Watch the market is going to go down so low that everyone will see the time to buy and it will rise up up and away. What bitcoin is capable of is truly an innovation that will change the world, it is here to stay. It will rebound to 30–50k by the years end.

I believe what you're saying, it is the best time to buy crypto while the market is still low. Many people are still believing in it, they believe on its capability and its value to rise in the future, well in fact mostly crypto believers will take advantage of this kind of situition because for them it is an opportunity and not a threat.

[globalking]

people are buying bitcoin because they know bitcoin will back to were it was no one can stop bitcoin it is unstoppable

[Nakakapagpabagabag]

the people still buy a bitcoin because they still believe with bitcoin, its mean if the bitcoin is going high or low the bitcoin holder will still buy a bitcoin and hold a bitcoin as their investment and as their currencies, and they believe if the price of bitcoin going down, it will recover as soon as possible, and if the bitcoin rising up it will rise more than that value

The people still buying bitcoin because they believe on bitcoins potential. Bitcoin is volatile, it means that the price is changing rapidly and its unpredictable to know if it will increase or decrease. But i believe it will increase definitely just like its past years. And i believe that the price of bitcoin if it will increase will be bigger than last years. We were just in the middle of the year, many more things will happen, we just have to wait for its increase.

[wave1002012]

people are buying bitcoin because they know bitcoin will back to were it was no one can stop bitcoin it is unstoppable

In my own opinion i think people are still buying because They that bitcoin is still the best cryptocurrency to invest.

[mudra102]

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.

[MoreMoneyHunt]

People patronize bitcoin for online shopping due to the fast, secured and reliable transaction it offers. Users are entitled to control their transactions without any interference from a third party. Aside this, holding bitcoin for a long term serves as an investment which yields good profit.

[Choy13]

The answer is simple because they are still trusting that bitcoin will rise again and be bigger than previous years. Also, bitcoin is just a gamble like you will not know when it is lucky or when it is bad. Yes, it is risky to buy Bitcoin but you can't never erase to the people who uses Bitcoin to buy because they simply believing for it.

[Haslett5236]

Somehow everyone buying bitcoin now seem to assume it would moon in the month of June. So they believe it's a worthy investment now

well it has been the pattern like that for the last year whereby it moon like crazy for almost all the coins. i still remember neo is about $1 and then it become $7 and even go to as high as $60.

[mackenzie5]

Bitcoin is the first crypto currency which can  be operated in electronically only. It has very attractive features such as decentralized one,  anonymity and its all transactions are recorded in an electronic ledger with the block chain technology .Its credibility and usefulness  has attracted the  investors of the modern world. Especially the bitcoin is introduced as a new form of economy which is contrary to the existing economical concepts which we are following at present  Because of the above reasons the global community is getting attracted to bitcoin to invest on it.

[Brenok]

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.

It is not necessary to invest in BTC, there are other crypto-currencies

[bishnoi]

people are still buying bitcoin because they knows that the value of the bitcoin will be increase in future it comes from 10k to 20 k in 2019 we knows that the status of the bitcoin is too high this time .

[seven2smoke1]

people are still buying bitcoin because they knows that the value of the bitcoin will be increase in future it comes from 10k to 20 k in 2019 we knows that the status of the bitcoin is too high this time .

I agree with you, There is a lot of true bitcoiner who believe so much in bitcoin and they search about bitcoin news and the market each day, we can say they are addicted to this crypto, Personally, I will buy bitcoin even the price is higher than that, I believe that bitcoin price will reach 25k$ by the end of this year and it will continue rising over the years, It has the potential to surprise us.

[xandriel]

Easy to understand. there are many people have gotten profit when hold BTC from 2008. So, the new comers also wanna earn money when holding BTC