Why people are still buying Bitcoin?

[ridhobagus2308]

People still bealive bitcoin, many people bealive bitcoin will reach all time high again in this year, btw how do you know it will take 5 years to bitcoin reach $16000?

[forklif]

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.

why people still buy it, because everyone still hopes a lot and thinks it will still increase or will still benefit even though it will take a long time.

[xiboothrezi]

People still bealive bitcoin, many people bealive bitcoin will reach all time high again in this year, btw how do you know it will take 5 years to bitcoin reach $16000?

In addition, bitcoin is increasingly popular as a modern investment. Millennial society must really like this development, can maximize the function of gadgets to earn money. At high prices, hopes for profit continue to emerge, so many people who want to have bitcoin are then held as savings or future investments.

[ScroodjMoney]

In my own opinion, people still buy bitcoin because they have faith in bitcoin and they believe in the power of bitcoin. People have been investing in bitcoin in the hope that it would pump hard in future and it would be profitable for them.

[rabs]

As we know Bitcoin is pioneer and leader in digital currency,Still Bitcoin is affordable but will hit on peak in coming couple of years.People want to invest for long term to hold for the future.Majority of population over all the globe unaware about the crypto but due to course of time people want to know it and investing Bitcoin it results rising of price.

[Daniel91]

Because they believe in bitcoin.
It's kind of faith, let's say.
For many of them, bitcoin is hope for the better future, for financial freedom.

[x xurtjati]

why do people still buy bitcoin? I think because they see great opportunities in bitcoin if we buy bitcoin when the price is at low levels and we start back when the high bitcoin price of course we can get a lot of benefits and I think that's the reason why people are still buying bitcoin in because the benefits are so great and bitcoin can make us a source of income for our lives

[Shingaling]

Because they believe that this is the good time to buy bitcoin and hold until the price will increase.They also believe that it is still profitable just be pateint in waiting.

[Kimi80]

Last December price of one BTC was 19-20 thousand. Having that on their mind, people think that growth like that could or will happen again and that means that it will bring more than double profit in their wallets. There is no reason why it shouldn`t happen again. People believe in that, it`s in human nature, majority would like to take advantage of anything that is giving an opportunity to gain some wealth.
Trading is also one of the reason too. And I am sure that there are some who are buying stuff on black market, where btc payment is required

[adifariz]

they believe that bitcoin will provide an income that can be expected to cover all of its needs. Fluctuating bititin makes fans unable to move to another heart. because many still want to earn from investing in bitcoin. This is an opportunity for them to earn money easily, especially when bitcoin prices start to rise after prices fall. But others also have bad experiences because bitcoin becomes unpredictable. But if you just need to wait longer, it will go up again

[teejayrichard2]

people are still buying bitcoin because they believe in the ideology and for sure bitcoin value will go up far beyond what we experienced last year. so people are buying to hold now

[bishnoi]

bitcoin is good i am buying bitcoin from last year i am sure that the value of the bitcoin comes in more profit and my all friends are also buying bitcoin from last year

[TricksterX]

i think because some body still hope this year bitcoin price will going all time high again like a few years ago, so buy more bitcoin is the best way

[Arafat01775]

Bitcoin is the most valuable currency in the world. Most of the country in the world are use bitcoin. Bitcoin change many peoples life. Starting of bitcoin those people are started their journey whit bitcoin now they are billioner. Bitcoin price going to high ana high. Now who invest in bitcoin as soon as they get a good profit from it. It is the best currency I have ever seen. This is the reason peaple are still buying bitcoin.

[berungan]

Of course we know that bitcoin is good, so people will not hesitate to buy bitcoin. because according to them will always get a profit in buying bitcoin. but it all depends on how we process it.

[YoungMaster]

It's simply because people are still believing that bitcoin could rise even more than now. So they can get an opportunity to earn multiple times profits if the price rise in the future.

[brkttlv]

i know a lot of people thinking that, bitcoin will be over 100.000 usd within two years. That's why people still buying bitcoin. These people does not know about crypto markets alot or altcoins. they heard only bitcoin and buying bitcoin.

[creative-raju33]

People are buying bitcoin for the future progress of their economical changes which is being acquired by the asset system of cryptocurrency. Everyone should do this system for their future easy life leading. Life is not a bed of roses. So it is clear to all that everyone should think about his own future. And it is a relay on the system of buying cryptocurrency from the money for other works. Because all participant who buys bitcoin is so much confidential to their working system.

[copoyes]

I think maybe because bitcoin is an investment
so there are some people who think buy now and wait until what year to gain profit or in terms of trade
want to go up or down still buy and get a small profit in buying and selling

[demonist]

I think People buy bitcoin because it's a very promising digital currency that you invest in for the long term and you can make a whole lot of profits when it pumps up in the future.
it's still the best and the most valuable coin in the market. People still hold it as an investing value asset.