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Bitcoin Forum > Economy > Marketplace > Why do you buy Bitcoins?
Poll
Question: For those who buy Bitcoins on the markets (as opposed to those who mine them), what is your primary intended use of them?
For long-term investments - 31 (45.6%)
For short-term speculation - 18 (26.5%)
For purchasing services or goods that are either illegal or frowned upon - 5 (7.4%)
For purchasing legitimate services or goods - 14 (20.6%)
Total Voters: 44

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mrb (OP)
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May 01, 2011, 10:59:53 PM
 #1
I think this poll will interest many.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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PabloW
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May 01, 2011, 11:35:23 PM
 #2
I think I may be interested in all the options at some point, but it wont let me vote them all Tongue
ScriptGadget
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May 01, 2011, 11:37:27 PM
 #3
It accepted two choices for me. (legitimate goods and long term investment).
Prze_koles
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May 01, 2011, 11:43:12 PM
 #4
short and long term investment. Of course if I wanted to buy something like hosting, Bitcoin community has the priority.
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mrb (OP)
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May 03, 2011, 02:37:59 AM
Last edit: May 05, 2011, 02:46:33 AM by mrb
 #5
The number of short-term speculation choices is vastly outnumbered by the other options (respectively 26.2% vs 73.8% after 42 voters). We can probably infer that the value of the BTC is not going to crash in the short-term. That is, unless more speculators start showing up.
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