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Question: Who thinks we have seen the worse of it and we already bottomed out around $8,000?
Agree - 13 (52%)
Disagree, we go lower but later will blow past these levels - 6 (24%)
Disagree, we will only trend lower and drop to $5,000 - $6,500 range - 2 (8%)
Disagree, Bitcoin will only fall until its inevitable death. - 2 (8%)
Unsure - 2 (8%)
Total Voters: 25

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Author Topic: 5 Reasons why I am buying Bitcoin!!  (Read 1238 times)
iamaruf
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October 25, 2019, 08:14:34 PM
 #101

I am buying bitcoin to use bitcoin for use in my real life.Also holdin few amounts for long term. I use bitcoin to refill my mobile balance,Online gift card like google play,iTunes.few days ago bought a smartphone using bitcoin.Bought it from my friend because in our country bitcoin is illegal.Also sometime I hire freelancer for my work. I have many reasons why i am buying bitcoin and using it,that i cannot share in one post.

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October 25, 2019, 08:35:26 PM
 #102

I am buying bitcoin to use bitcoin for use in my real life.Also holdin few amounts for long term. I use bitcoin to refill my mobile balance,Online gift card like google play,iTunes.few days ago bought a smartphone using bitcoin.Bought it from my friend because in our country bitcoin is illegal.Also sometime I hire freelancer for my work. I have many reasons why i am buying bitcoin and using it,that i cannot share in one post.

I am very happy to know that bitcoin is very useful for you. It turns out that a lot of your needs using bitcoin, though
in your country bitcoin is illegal. But I am proud of you even though your country is illegal but you still want to use bitcoin
bitcoin for use in real life. You are an example of people who think bitcoin is beneficial for life humans. I hope you can also
enjoy future profits with hold bitcoin for long-term investment. I personally buy bitcoin just because I believe the price of
bitcoin in the future will go up very high, so from now on start collecting bitcoin little by little. And I will hold the bitcoin that
I have for 5 years.

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iamaruf
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October 25, 2019, 10:33:05 PM
 #103

I am buying bitcoin to use bitcoin for use in my real life.Also holdin few amounts for long term. I use bitcoin to refill my mobile balance,Online gift card like google play,iTunes.few days ago bought a smartphone using bitcoin.Bought it from my friend because in our country bitcoin is illegal.Also sometime I hire freelancer for my work. I have many reasons why i am buying bitcoin and using it,that i cannot share in one post.

I am very happy to know that bitcoin is very useful for you. It turns out that a lot of your needs using bitcoin, though
in your country bitcoin is illegal. But I am proud of you even though your country is illegal but you still want to use bitcoin
bitcoin for use in real life. You are an example of people who think bitcoin is beneficial for life humans. I hope you can also
enjoy future profits with hold bitcoin for long-term investment. I personally buy bitcoin just because I believe the price of
bitcoin in the future will go up very high, so from now on start collecting bitcoin little by little. And I will hold the bitcoin that
I have for 5 years.
As i already mentioned that I am holding few. Also day by trying to collect bitcoin for future.I try to use bitcoin in real life.I saw that people are only buying bitcoin to make profit,It's good but if you only buy and hold then i think it’s unusual.try to spent bitcoin like fiat money. Bitcoin not only for buy hold and make profit.it's digital currency and make the proper use of digital currency.and i am trying to use in real life,also holding for future to make some profit Smiley          

Hypnosis00
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October 25, 2019, 10:34:45 PM
 #104

I am buying bitcoin to use bitcoin for use in my real life.Also holdin few amounts for long term. I use bitcoin to refill my mobile balance,Online gift card like google play,iTunes.few days ago bought a smartphone using bitcoin.Bought it from my friend because in our country bitcoin is illegal.Also sometime I hire freelancer for my work. I have many reasons why i am buying bitcoin and using it,that i cannot share in one post.
Now that you have already appreciate Bitcoin, you can certainly justify how it could possibly change in our future. We know everyone has the reason why they buy and hold Bitcoin but there is one thing than brings them in, this is just because of money returns and also too simplified our workloads.
If we are seeing this one as a reason, it couldn't bring us being disappointed in every price fall but rather to take the opportunity of buying more for the future.
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October 25, 2019, 11:36:43 PM
 #105

I only have a few reasons to buy Bitcoin and save it. but in my opinion this is a strong reason.
- bitcoin technology is a system that has not been hacked to date.
- crypto is the future of the financial system and asset store.
- support from friends, that investing in bitcoin does not give me a loss.
and all of that is real, I know bitcoin in 2014, today everything has happened, the price is at a 4x level increase from the beginning I bought bitcoin. and still holds it today.
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October 26, 2019, 03:38:43 AM
 #106

If we really want a full growth in price for bitcoin, we all need to start accepting it for payment, there is need for it to be integrated in our payment life, and we need to have so many merchants that will also encourage people to use their bitcoin to buy things so that there can be demands for bitcoin which we know that it is demand that really controls the value of bitcoin.
People are more than happy to accept Bitcoin, but they aren't as happy to spend their coins, which I can't blame them for because it's far more rewarding to sit on your coins than to spend them.

I'm sure that most people have had a situation at least once where they spent their coins to later see the price quadruple not long after.... those who have very likely won't be spending their coins again.

Bitcoin being a store of value is where most of the value will come from. Gold is a store of value too, and that while the industrial demand for it has decreased a lot because of the high price.
Spending bitcoin is not going to produce any beneficial results. We all are well aware of its potential and those who truly understand the future of bitcoin know how bright it is. It is the key to become a millionaire. There is no point in giving away such a potential and beneficial asset and that too during the dip. No matter how bad the situation gets, bitcoin always finds way to get out of that trouble.
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October 26, 2019, 04:04:07 AM
 #107

So in a nutshell that what it was, I never mentioned it before because I wanted no spoilers and I wanted people but pro and amateurs to read it. The experienced folks will think its a waste of time because they know about these things already but I can use your input on adding other reasons. For the newbies, this is good stuff.

Is it?

Those are basics.
It was reported all over social media and even the local news. What else could be new that would push someone to buy bitcoin?

Yes the halving is the first one.
But the other reason that you listed might be the vice versa of it.
Those are the reasons that bitcoin analysts are spreading FUD instead of becoming the stronger supporter.
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October 30, 2019, 03:51:21 AM
 #108

I'm bullish on bitcoin,Because the number of releases is constant。And has been recognized by countries around the world.Prices are expected to rise in the future.
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October 30, 2019, 07:42:04 AM
 #109

I also have one reason to buy bitcoin.
 
And this is the worldwide acceptance of bitcoin as payment for transactions and become the No. 1 global currency!
And here we can see why bitcoin needs to hold today. We are in an age of adoption of modern technologies where our tools give us the convenience to facilitate our work. And it is not uncommon that our money holdings will change with this emerging technology as well. And this is bitcoin!

Golds, Silvers / USD, Euro / Bitcoin, Ethereum
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October 30, 2019, 04:44:38 PM
 #110

Bitcoin is a new currency that can solve problems on paper money. On the other hand, when viewed in terms of investment, Bitcoin is very promising when compared to other instruments. So I don't think it's surprising that there are currently many people who start buying Bitcoin for investment purposes or just use it as a transaction tool.

 
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October 30, 2019, 05:20:17 PM
 #111

It is obvious that Blockchain technology would hardly have become as widely known and is being evaluated for as many purposes as it is today. The Bitcoin and the enthusiasm that has developed around it, has certainly contributed to the development of the digital world of tomorrow, including the use of the technology in the traditional money business and whatever else may come.

However, as a investor i am buying bitcoin for only a reason that you mentioned at first, after a halving when the reward is cut in half and therefore Bitcoin becomes twice as expensive to produce, the premium put on the price is driven by the miners. This leads to increased demand with less supply, and it drives up the price for holders. outsiders see this and become interested and enter the space, understand what Bitcoin really is, and drives expectations of much higher prices. This is the cycle we see playing out since 2010, and In my opinion won't stop until Bitcoin can no longer be purchased with fiat.
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October 30, 2019, 05:52:01 PM
 #112

Today I have more confidence, for example, in ethereum and other coins, which look very promising and have every chance for further practical use in every person’s daily life.  But nevertheless, I almost every month invest a certain amount of money in Bitcoin, too, because most likely I am subject to the universal charm of Bitcoin, which nevertheless inspires me with Great Expectations and confidence in future prospects.  Although I really cannot explain my actions in any other way than hope.

#business #forextrader #bitcoinnews #invest
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November 02, 2019, 01:33:01 PM
 #113

One of the reasons is halving and we know that every year the bitcoins value are rising and since halving is near it would be much bigger uptrend we might see by next year. That's why the it jumps from 7k to 9k.

And best strategy is to accumulate more bitcoin and for sure we will get a big profit and what if the value of bitcoin will rise above the ATH.
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November 02, 2019, 07:46:09 PM
 #114

Today I have more confidence, for example, in ethereum and other coins, which look very promising and have every chance for further practical use in every person’s daily life.  But nevertheless, I almost every month invest a certain amount of money in Bitcoin, too, because most likely I am subject to the universal charm of Bitcoin, which nevertheless inspires me with Great Expectations and confidence in future prospects.  Although I really cannot explain my actions in any other way than hope.
Now that blockchain is getting more popular day by day, most especially by the big countries like china, Russia and the rest, I think this would be the best time to actually divert most of our funds into bitcoin, because this is still the coin that many of them would work with aside from their own created currency.

If you look at some of these self-created coins, which I would call centralized coin except Ethereum who claim to have a full blown decentralized technology even though they still have full control of it, the government may not want to promote those project that have a known acclaimed person, but for bitcoin who has an open source system that is not owned by anyone, but created freely for everyone, it will get a very big space in the heart of these people.

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November 03, 2019, 02:42:37 AM
 #115

Currently the chart of BTCUSD on Coinbase is showing that bitcoin is still sideway in the $ 8980 - $ 9k4 range. there has not been a strong wave but it has now broken out of the downtrend. we really should try their luck now to await a new pump, could reach $ 10k8.

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November 03, 2019, 08:01:00 PM
 #116

Those 5 reasons that you said made sense but for me, there is only one reason for me to buy bitcoin and that is, it is the trend setter for the market. It means that bitcoin simply dictates the movement of the market and it is a good investment because it is like the index fund of the whole market and being the very first cryptocurrency, it has a huge advantage because people prefer to invest to those cryptocurrencies that have prove something and maturing.
I invest in Bitcoin for the sole reason that this is a coin I can make good profits from this market and Bitcoin has a very high investment value so this coin is always the first choice. If you've been in this market for a long time, you will have lots of good reasons to invest in this coin. In fact, Bitcoin has constant volatility and often drops prices, causing many other altcoins to suffer. I feel scared sometimes but I always have good faith in joining the crypto market.

Indeed, during my first timer or when I was newbie in Bitcoin, I am not buying it, I am just earning through it from the fruits of my work from signature campaigns, but now, no doubt at all , and I am holding some from my crypto earnings, and I am also buying when I do have spare money.

Don't be in doubt about buying bitcoin because the value is getting better for the future and the value of the profit is high, especially if you have a reserve fund that immediately invests in bitcoin before the price goes up,
For the results of the coins from the bounty campaign do not hold too long it will not make you more profitable.
Right now, bitcoin is easy to buy but in the beginning of 2020 not everyone would be able to purchase bitcoin. I am repeatedly saying that this market is favoring buyers not sellers and people shall understand this fact. Use all your savings that you can take out for buying at least some portion of bitcoin so that you do not stay among losers when bitcoin is pumping hard.
Bitcoin is showing some increase in values and this is giving rise to predictions that market in the coming 2 ,3 months is going to generate great profits. So the great players of bitcoin market or crypto market on the whole know the fact that bitcoin is going to pump hard once it sets on the track of increasing in values then it is not easy for buyers to grab bitcoin. Right now I will suggest buyers to full their wallets with bitcoin.  
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November 03, 2019, 08:44:14 PM
 #117

One of the reasons is halving and we know that every year the bitcoins value are rising and since halving is near it would be much bigger uptrend we might see by next year. That's why the it jumps from 7k to 9k.

And best strategy is to accumulate more bitcoin and for sure we will get a big profit and what if the value of bitcoin will rise above the ATH.
I disagree with you cause that the thought of people who only join the bitcoin sphere for short term profit. However, the reason why genuine bitcoin enthusiast buys or accumulate more bitcoin is because of its potentials, the surprise involve and soon the total 21 million coins will be mined.

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coinfinger
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November 04, 2019, 06:08:16 AM
 #118

Some of the reasons you have mentioned here are just completely out, just like the people you have mentioned that have mentioned about Bitcoin. Some of these people that have mentioned bitcoin are just criticizing it. President Trump made it clear that he doesn't like cryptocurrencies, hope you are aware of that? The only reason I agree with you on this is the bitcoin halving. I strongly believe that around the time of bitcoin halving something is going to happen. I know someone that predicted that there is likely to be bull run in 2020. So, if it's not in December, then we should be expecting it to happen in 2020 during the halving.

As for Facebook Libra, no one is talking about that any longer, seems like it's not going to work any longer. Facebook have been silent about it. The last news I read said they are not sure if they will go on with Libra.
EdvinZ
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November 04, 2019, 07:06:56 AM
 #119

One of the reasons is halving and we know that every year the bitcoins value are rising and since halving is near it would be much bigger uptrend we might see by next year. That's why the it jumps from 7k to 9k.

And best strategy is to accumulate more bitcoin and for sure we will get a big profit and what if the value of bitcoin will rise above the ATH.
This is the most obvious reason for the rise in the value of Bitcoin, you correctly noticed. I also want to add that if the same bull run begins as in 2017 and Bitcoin rushes to new heights, then a lot of new investors will invest their money in cryptocurrencies. It may also happen that the SEC will approve the Bitcoin ETF, then the price of the first cryptocurrency will definitely go up.

Serco
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November 04, 2019, 09:03:11 AM
 #120

One of the reasons is halving and we know that every year the bitcoins value are rising and since halving is near it would be much bigger uptrend we might see by next year. That's why the it jumps from 7k to 9k.

And best strategy is to accumulate more bitcoin and for sure we will get a big profit and what if the value of bitcoin will rise above the ATH.
This is the most obvious reason for the rise in the value of Bitcoin, you correctly noticed. I also want to add that if the same bull run begins as in 2017 and Bitcoin rushes to new heights, then a lot of new investors will invest their money in cryptocurrencies. It may also happen that the SEC will approve the Bitcoin ETF, then the price of the first cryptocurrency will definitely go up.
two majors fundamental that waited by all investors and trader in bitcoin.if SEC approved it could be main trigger for bitcoin movement before halving happen.and before this released we could do day trading and take profits immediately to accumulate bitcoin amount .we have no more time to add our bitcoin amount,meanwhile halving  will happen in few months ago.besides trading we could earn bitcoin freely by joining airdrop or bounty campaign.it will help us to add our bitcoin.

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