Why people are still buying Bitcoin?

[kittle33]

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 it is because many people still wanted to earn from investing in bitcoins. It is also an opportunity to easily earn money and especially during times when bitcoin price starts to go up after it has fallen down low. And people also want to just hold longer their bitcoins then wait for it will go up again though it would take so much time.

  Maybe because they want to invest and to earn money a lot.

[Hotrod_88]

Everybody, including me, is saying that investing in bitcoin will get a profit! At present, there are many ICOs projects, so many opportunities to make a profit! I always hope to be successful!

Indeed! Also, when you buy a bitcoin and hold it until you can. I mean, not selling it or trading it to different purposes. You might get 3x of the bitcoin price today  , in the future. Way back 2015 or 2016 as far as i know. Bitcoin suddenly boom! Imagine like buying a bitcoin cost 200k and then after a year 1 bitcoin cost 800k or 1m. How cool is that? It is risky but. It is indeed worth it.

[doroshok2]

People still buy the Bank for one reason, they believe in it. Bitcoin will grow, and for many it is an easy way to earn, accompanied by certain risks.

[Matercat]

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

[Raja_Salman]

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.

maybe I think people buy and store bitcoin as an investment I think the investor has other thoughts, if I personally bitcoin I think the currency using technological advances and the development of my time to invest because bitcoin will be a currency that will develop later I am sure of it

[Butchick]

I think people area till buying bitcoin despite its challenges and possible slow growth in value because a lot of people believes in it and see every chance of profit gain in any other way. Another reason would be because most people investing in it are hoping that bitcoin value will again increase rapidly up to $19k or more in just a short span of time, which is actually possible.

[Ngewex Yuk]

People are still buying bitcoin because any person who know the technology and understands market trends are know that bitcoin is the currency of future. These small dumps does not make any difference. Look in a bigger picture

Everyone already knows that bitcoin prices are very volatile and if you look at the graph then now is the right time to buy because the price immediately skyrocket, of course if buying now then we will get big profit.

[Pejoh Asu]

If you look at the current price then I'm sure all users will be interested to buy, let alone the trend of price increases usually occur every month june to december or Q3, and now is the right time for buying cheaply and of course not long the price will reach $ 10k.

[Boov]

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 difference of gold and bitcoin is that the gold appreciates it is not affected by deflation while bitcoin is  a coin which value is based on the holders, the point here is if you want to invest and want a sure win on investment, then you should buy gold, but always remember that the general rule of investment is the lower the risk, the lower the return.

[First77]

Bitcoin will not give 300% profit in one year every year. $1,000 to $10,000 and big names like Chinese Billionaire "Jack Ma" says bitcoin is a bubble.

[fairytale]

people today has knowledged about what a bitcoin is all about.These are people who are likely to invest into it and some of them are we so called bounty hunters.They seek for a free cryptos in every bounty campaing end.Aside from investing,they looked for a bounty and participate into it.There are also people who buy bitcoins at the lower price,they tend to sell it when bitcoin starts to reach its higher value in the market.

[joliepaul]

Bitcoin is a very penomenal requirement nowadays. Bitcoin is used as a tool of financial transactions and also as an investment. And using bitcoin they can make payments in the internet world easily and not afraid to be stolen because it  safe.

[Dante4142539]

Everybody, including me, is saying that investing in bitcoin will get a profit! At present, there are many ICOs projects, so many opportunities to make a profit! I always hope to be successful!

Yes, most of the people buying bitcoin for big profit it is just like investing waiting for the right moment that the price will be high.

[dubinsky]

Regardless of all the risks to be faced, more and more people want to enjoy the benefits offered by bitcoins and merchants that work together with bitcoin. It's all about bitcoin that can be used as a form of payment system, unlike gold and silver that can not be used to pay.

[LigwagGanern]

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 have dreams. Dreams that they want to come true. They believe that bitcoin will help them to reach their dreams. Because many people become rich or have a better life using bitcoin. If you buy bitcoin you just need to wait for a few weeks or months to have a big profit from it.

[chara78]

Because Bitcoin is a lucrative investment, although the bad news about Bitcoin, but the number of Bitcoin users continues to increase.

[taeewo]

Bitcoin is spreading world wide daily because of the conference most developers are organising, this makes people knows about the future of Crypto currency which prompted them to invest without minding the current price...

[belalangsembah]

The value of Bitcoin is really Big and has a great guarantee that the price will be higher. Bitcoin has a greater value than other currencies. Many people now want to have Bitcoin that's why they keep buying Bitcoin

[Nipun22]

I think there is still a chance for recovery, I know there is a lot of panic going around. I still think there is a chance am basing this on the fact that such drop happened before and Government banning happened before as well. So I think people are buying Bitcoin in a hope of its price will be rise again and get some profit from their investment.

[leila.leica]

Because people still see bitcoin as a good investment of their money especially traders who are good at making profits in just a short period of time. Bitcoin is true to its promise to change the lives of its users, holders and its enthusiast.