Why people are still buying Bitcoin?

[dollarneed]

Besides as an investment tool bitcoin also is a payment method this is the reason why do people still buy it whatever the price is, nowadays people prefer to pay something online with bitcoin rather than another payment method such PayPal due to its simplicity. On the other hand, people believe in bitcoin, they think that it would be skyrocket in a few years. I personally keep buying bitcoin as much as i can and hold them as a long term investment, I strongly believe that the value will increase,Well I won't miss that moment.

[giantrobot]

Because they have believed that bitcoin will provide an income that can be expected to cover all its needs.
Fluctuating bitcoin makes the fans can not move to another heart.

People still believe bitcoin will grow back. The demand for people's bitcoin is very high. A lot of people want to make money from bitcoin, investing in bitcoin can earn quite high profits.

[rahimali]

Buying bitcoin is an investment. People are still now buying bitcoin because of its bright future.

[RasicaOla12]

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 still buy bitcoin because the current bitcoin price ranges from 7000 to 8000 dollars is an opportunity for investors to invest them cheap so they still believe and buy bitcoin at this time.
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[GladiosM]

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.

The "Gold standard" dominated as long as people could increase gold production on a par with the growth of the world economy. And Bitcoin has the same problem. Firstly Bitcoin mining is a long process. Secondly, the amount of bitcoin is limited. Therefore, maybe Bitcoin will follow in gold footsteps.

[Ayaancool]

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.

Many people think that bitcoin is about to die but this is just the beginning of market getting mature, this is the buying time. Because of accepting this concept, people are still buying bitcoin and make their future more comfortable.

[KIKI.loi]

people are still buying bitcoins because they want to be rich. because bitcoin investment is very profitable and very reliable. today is a good opportunity to buy bitcoin because the price goes down.

[aardvark15]

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.

But Bitcoin could double in 6 months. There’s no reason to believe that it will take 5 years for Bitcoin to reach $16,000. I think Bitcoin could easily get there this year and if not this year, it will probably be next year. That will be a great rate of return. Beyond that, Bitcoin could see some really big gains in the years to come that will probably go well beyond gold or silver.

[Harrisonimo]

For those who see the bitcoin rising to the 16,000$ in some few years time, the 8,000$ invested today isn't a bad investment for them as the money is somewhat a loose cash. Unlike if you have just a 1000$ to spare,  your thinking will be different and want to spread your investments; buying of different dipped Altcoins that have prospects.

[First77]

But Bitcoin could double in 6 months. There’s no reason to believe that it will take 5 years for Bitcoin to reach $16,000. I think Bitcoin could easily get there this year and if not this year, it will probably be next year. That will be a great rate of return. Beyond that, Bitcoin could see some really big gains in the years to come that will probably go well beyond gold or silver.

1 Ripple = $0.60. I will buy 100 ripples. The price should go to $6 to $30. I will have $600 to $3000. Then I will buy Gold and Silver.

Ripple works the same way as Bitcoin ??

[rye18]

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.

Yes people are now banking bitcoin in their wallet because bitcoin price for now is very low compare from other month and  they think they will gain more profit once it rise again.

[Hinugh]

Because they have believed that bitcoin will provide an income that can be expected to cover all its needs.
Fluctuating bitcoin makes the fans can not move to another heart.

People still buying bitcoin as they still believe that bitcoin price will rise again and they love to gamble that they are willing to take a risk. We cannot stop them to buy bitcoin because it’s their own decision and we dont know the reason behind it. As long bitcoin still alive, it means there is still a hope.

[Ashishsaha]

Because we still believe Bitcoin That will increase its value in the future and in the future it will be the source of our profit. So everyone is still buying bitcoins. Because people know that bitcoin will never end, it will improve after a while.

[Dele2018]

The main reason people are still buying bit coin despite the fall in price is that they have the believe that it will eventually rise in the future and they would see huge profits.

[youngsoft]

Because bitcoin is the first cryptocurrency know by people and they know that happen to bitcoin we affect the other cryptocurrencies so they buy more of bitcoin when it is low and sell when it when they are favored

[gadimbrut]

I think people keep buying bitcoins maybe they're sure bitcoin will be a valuable item in the future, it could be that they bitcoin buyers just want to develop the money they have and invest in bitcoin

[redfin31]

the answer is because they still want to support bitcoin. if you see a history of bitcoin price every year, you will understand that bitcoin is profitable. bitcoin already being a one of most popular currency now, that's why many people interest to invest on bitcoin now.

[jjacob]

A wise invester will try to buy bitcoin at the possible lowest price, But the current bitcoin price is +7K USD the bitcoin market is in the bearish trend. people are still buying bitcoin due to its positive characteristics and it is a new form of economy and its concept is against the current economy in which we are following at present.The educated mass of the global community is mostly attracted by the bitcoin to invest suitably to the lowest price.

The problem is that you don't know what is the lowest possible price. If you manage to buy bitcoins at the lowest possible price, you are not just a wise investor, you will be an extremely rich investor. Since that is not possible, you will have to buy at different price points. I suspect that people are not sure when we will have a rebound and therefore continue to accumulate bitcoins.

[yoseph]

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.

With Bitcoin investment, you just have to be patient because I can assure any investor that there is no way that Gold can give you a profit of 100% in five years but with Bitcoins even with all the FUD going around it sure can give you 100% in at least 1-2 years.

[Fujiati]

people keep buying bitcoin at this time because bitcoin has the potential to go up further. especially those that encourage people to still buy bitcoin today because the price is down. bitcoin has a bright future therefore people always expect success from bitcoin.