Why people are still buying Bitcoin?

[budiarmed]

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.

Because bitcoin is the best coin in crypto and therefore many people still buy bitcoin to make a profit. I myself also still buy bitcoin because bitcoin is a reliable coin.

[thom88]

The question is why not? Why would you not do it?
I think now its a good time to invest. specially joiners that came at 12k+ should buy now to lower their average price

BTC is still young and the majority does not have any crypto coins

[FrueGreads]

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.

Well, I don't think everyone is investing for just profit. For me is an insurance if things ever get really bad in the future for our economy. On global crashes people return to gold to keep their money safe. I guess that they will probably return to bitcoin as well when the next crash occurs.

Also bitcoin could really become a reliable currency in the future. If it ever achieves that, it will have to become a global currency, meaning that $16k is just to low. So who cares if it will take 5 years or more. If bitcoin succeeds in it's goals it will be much more valuable than it is now, and it could actually become an option to be used, and not just to be sold for profit. What will a merchant do, when people will start asking to pay with bitcoin and not with anything else?

This is something that I doubt gold will have. People will not start using gold as a currency, but bitcoin will probably take that path and become more valuable and useful than gold.

[Cacingkemi]

Why conclude 2x profit if growth can be done every day with 3% profit,try 3% it x30 days = 90% its only 3% if it rises to 5% then luck more BTC than gold or silver you compare.Indeed everything is not included smoothly if BTC continues to fall but if calculated by year then BTC is superior to 100% Even more than that.

[onrise]

The question is why not? Why would you not do it?
I think now its a good time to invest. specially joiners that came at 12k+ should buy now to lower their average price

BTC is still young and the majority does not have any crypto coins

Well said the question should exactly be the same why to stop buying something which is the gold of future and everybody wants to have that gold in future where you can retire rich and enjoy your life. For this you need to invest in something which can give you those returns.

[fokinflor]

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.

In 5 years, it will be way above $16000. But the question is that will it be able to survive for 5 years ? You should do proper research about bitcoins and other alt coins before investing.

[Lhanofclover]

Because people will know and they have trust in bitcoin that's why they are continue to buy btc.
Also they know that btc has good future for them.

[bitfocus]

Because they understand Bitcoin, Investment rules, Investment Risks and They are into making big money - So, people are buying Bitcoin.

[bmirror83]

There are lots of investment tools out there but they are also risky even if not as bitcoin is. Bitcoin can get you more profit than those of other tools though.

[LKingLion]

That is the mind of aggressive person that profit is the priority. Probably they think about the time is gold so don't waste it while bitcoin price is on down trade. Better to avail some bitcoin now then avail some bitcoin tomorrow in order to have much better profit when bitcoin price increase. Nice move of those people. For me it is great move.

[alroys]

The person who buys Bitcoin means that person still believes in Bitcoin, that Bitcoin will benefit him, even though now the botcoin price is down again.

[hao98]

bitcon will rise very high by the end of this year. For about 10 years BitCon can be increased by 1 billion VND. invest a bitcoin now at 189 million. Another 10 billion years. very high profit

[al maruf]

Currently Bitcoin is a known name. Bitcoin's market is not stable, it goes down. So you might have sold the market downwards then. It's okay to get the price of gold or silver, but it does not have to compare Bitcoin, it's the virtual currency. Bitcoin's surveys are always the first time you see Bitcoin. I think you have to believe.

[Xavierfr12]

Because there believe the price of bitcoin is going higher in this year. Because many people have interest to invest bitcoin and this people is hope a biggest price of bitcoin just hold bitcoin sure your life is going successful.

[meanwords]

There are two types of people who buys Bitcoin actually in my opinion. One is those who bought Bitcoin for the sole purpose of profiting from it and no less and the other one is the ones who knows what Bitcoin can do for the world and believes in its technology. Now a days, Bitcoin has become more like an investment because of it's liquidity in price. I think can all agree to that. It's kind of hard to believe that Bitcoin has job in the eyes of many and because of this, people investment it whether be it time or money.

[drm]

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.

How will you earn more money from investing in gold than bitcoin. Isn't gold's doubling forecast like 15 years?

[Musia]

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.

Well, maybe because this coin now shows itself well in the crypto-currency market, it is believed as a rebelled coin, because it has gone through a lot, and eventually got out of the problems, and is now growing.

[bitcoinerjawa]

I think many buy bitcoin because I see bitcoin is still very useful and useful for everyone who can make payment using bitcoin so as long as bitcoin is still useful then bitcoin will always have buyers.

[Revprojects]

Perhaps at the moment a good opportunity to buy Bitcoin at a good price. According to forecasts of many analysts, the bottom is close and the price will soon grow again.

[Bhalibad]

There are alot of opinion why many people still buying bitcoin i think for me one of the most reason is they want to earn huge profit by just buying it and holding for longterm because they see a lot of potiential in bitcoin. Thats why many people still buying bitcoin.

Some people are buying bitcoin because they used for investment especially they need of coming future. They were able to buy because the price are fall down.