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Topic: Are you buying bitcoins? Why? - page 76. (Read 307735 times)

full member
Activity: 154
Merit: 100
September 06, 2016, 03:33:20 AM
Share with us what's your main reason for buying bitcoins?

Yes I buy bitcoin but for reselling but to store in wallet so that after 2 yeaes I can sell those a t high ptice  and could make some extra money from it.
newbie
Activity: 70
Merit: 0
September 06, 2016, 03:27:33 AM
I never buy bitcoins and that is because i know that buying bitcoins is never profitable because you make only money with bitcoins as youi trade them buying is not profitable anymore you only make maybe a couple dollar each time.

I have bought some bitcoin a few years ago. It is quite profitable as the price has risen more than 10 times already.
hero member
Activity: 1008
Merit: 540
September 05, 2016, 11:54:32 PM
I'm not actually buying bitcoins atm, but I intend to buy Bitcoins once price reaches the dips.
As of now bitcoin price is too high and if you are going to wait until the bitcoin price will decrease well goodluck because it always take a years or months because the bitcoin price dropped when some investors are going to sell their bitcoin i saw something that in the year 2018 bitcoin will increase the price into 1000 or more dollar.
hero member
Activity: 784
Merit: 500
September 05, 2016, 11:49:32 PM
Share with us what's your main reason for buying bitcoins?
Im old enough here from bitcoin and i want to learn more again since i remembered my password i created this account last october 2014 and the main reason for buying bitcoin is to use as currency to invest online or to trade online because i risk my money with bitcoin hoping that i could grow or earn profit.

that's a good reason for buying bitcoin, im not buying bitcoin except at lowest rate, im sure bitcoin will back to normal rate and rise, and for me bitcoin is future, people must see the real value of future currency and if people see it, im sure people will start buying bitcoin now.
newbie
Activity: 28
Merit: 0
September 05, 2016, 01:07:11 PM
Share with us what's your main reason for buying bitcoins?
Im old enough here from bitcoin and i want to learn more again since i remembered my password i created this account last october 2014 and the main reason for buying bitcoin is to use as currency to invest online or to trade online because i risk my money with bitcoin hoping that i could grow or earn profit.
sr. member
Activity: 378
Merit: 251
September 05, 2016, 01:03:47 PM
I never buy bitcoins and that is because i know that buying bitcoins is never profitable because you make only money with bitcoins as youi trade them buying is not profitable anymore you only make maybe a couple dollar each time.
Yep you only get a couple of dollar if you don't know how to wait and you don't have a decent amount of money to invest in bitcoins. There has been like 40$ upward movement from where we were three days ago. From 560$, we're now at 600$+. If you only have money enough to buy 1BTC, then you just earned 40$. But if you had money to buy 10BTC, then from that small movement, you just earned 400$.

If you have 1BTC today, and you wait for a couple of months, then you'll be very thankful that you left that 1BTC untouched. The only people who are complaining about the "small" profit in trading are only the ones who are too excited to get profit that they get bored after just waiting for days/weeks.

Good point on this. Usually though, people who complain about small profits dont usually hold long positions, or are day traders. Meaning, they buy a coin, wait for price movement within same day then sell it. Usually coins dont move that much, hence the small profit. If you can long hold a coin, chances are you'd get big profit. Look at people who bought BTC years ago, back when it was around $19-$20 a coin. If they let that go when it went up by $5, theyd have a small profit, compared to people still holding coins till now.

In short, small risk, small reward..Big risk, big reward.
legendary
Activity: 1008
Merit: 1060
September 05, 2016, 12:57:15 PM
I never buy bitcoins and that is because i know that buying bitcoins is never profitable because you make only money with bitcoins as youi trade them buying is not profitable anymore you only make maybe a couple dollar each time.
Yep you only get a couple of dollar if you don't know how to wait and you don't have a decent amount of money to invest in bitcoins. There has been like 40$ upward movement from where we were three days ago. From 560$, we're now at 600$+. If you only have money enough to buy 1BTC, then you just earned 40$. But if you had money to buy 10BTC, then from that small movement, you just earned 400$.

If you have 1BTC today, and you wait for a couple of months, then you'll be very thankful that you left that 1BTC untouched. The only people who are complaining about the "small" profit in trading are only the ones who are too excited to get profit that they get bored after just waiting for days/weeks.
sr. member
Activity: 672
Merit: 250
September 05, 2016, 12:42:57 PM
I never buy bitcoins and that is because i know that buying bitcoins is never profitable because you make only money with bitcoins as youi trade them buying is not profitable anymore you only make maybe a couple dollar each time.

It is not important that you buy everytime using money from your pocket for earning profits but you can do trading with the bitcoins you have bought once.
You can trade bitcoins or altcoins with that amount, for trading bitcoin just buy bitcoins when its price is low and sell them when it is high and keep the money in exchange and when the price drops again you should buy again and keep doing the same thing everytime.
For trading altcoins you should buy the coins you know have potential to grow when they are low and sell them back when their price grows a bit.
sr. member
Activity: 378
Merit: 251
September 05, 2016, 12:39:17 PM
Well buying bitcoins is of course treated like a business. Just wait for market fluctuations, then buy low, and cash out high. It usually works for people who buy and sell bitcoins. Easy $30-50 profit each time. Like last week, price was $570. If you bought then, the current price you have now is around $600. Sell it at the 600 price then wait for the market to fluctuate again.
hero member
Activity: 952
Merit: 1000
September 05, 2016, 11:23:10 AM
Not at these levels. We could go to the moon or we could crash hard.
I am just sitting on the bitcoins I have.

I like what you said there "We could go to the moon or we could crash hard."

Oh well I like bitcoin but buying some now. I can't afford it. I am just happy the bitcoins that I have.

Waiting for increase.

Yeah I think so, it's a good time to buy some amount of bitcoin because for the next days or weeks whether we go to the moon or we crash hard, bitcoin price will always get recover to the high price as before. so, we're happy with bitcoins that we have, just waiting time for the next years coming.

This is still a good price to buy some coins as price is expected to go higher in future and to get better results in future we should try to collect maximum coins.
hero member
Activity: 1568
Merit: 502
September 05, 2016, 11:20:27 AM
Its a kind of business.

Rate doesn't matter but market conditions are very important while making deals.

I buy bitcoin to use as digital virtual currency.
As well Bitcoin is Prime currency among crypto market.

All other coins listed on exchanger can be evaluated in BTC. There are also Doge and LTC market too. But finally Doge or LTC also evaluated in BTC.
hero member
Activity: 1036
Merit: 514
September 05, 2016, 11:14:14 AM
Not at these levels. We could go to the moon or we could crash hard.
I am just sitting on the bitcoins I have.

I like what you said there "We could go to the moon or we could crash hard."

Oh well I like bitcoin but buying some now. I can't afford it. I am just happy the bitcoins that I have.

Waiting for increase.

Yeah I think so, it's a good time to buy some amount of bitcoin because for the next days or weeks whether we go to the moon or we crash hard, bitcoin price will always get recover to the high price as before. so, we're happy with bitcoins that we have, just waiting time for the next years coming.
sr. member
Activity: 364
Merit: 250
September 05, 2016, 11:03:43 AM
I never buy bitcoins and that is because i know that buying bitcoins is never profitable because you make only money with bitcoins as youi trade them buying is not profitable anymore you only make maybe a couple dollar each time.
hero member
Activity: 910
Merit: 523
September 05, 2016, 10:59:58 AM
Currently not buying bitcoins because price is so high. It just went up around $30 over the weekend. Lets hope it subsides a lil bit till price can be handled and i might buy more for trading.

Yes even I think that current price is higher to buy bitcoins, its better to wait for next few days and see if price goes down or not, and if price goes higher then will be satisfied with existing coins.
well, currently price just got increased and I think it's still a good time to buy bitcoin because from now the value will get rise until the end of the year. next year? I don't know but it should more increasing around $650-700, hopefully.
legendary
Activity: 2086
Merit: 1058
September 05, 2016, 10:52:52 AM
Currently not buying bitcoins because price is so high. It just went up around $30 over the weekend. Lets hope it subsides a lil bit till price can be handled and i might buy more for trading.

Yes even I think that current price is higher to buy bitcoins, its better to wait for next few days and see if price goes down or not, and if price goes higher then will be satisfied with existing coins.
sr. member
Activity: 378
Merit: 251
September 05, 2016, 10:50:57 AM
Currently not buying bitcoins because price is so high. It just went up around $30 over the weekend. Lets hope it subsides a lil bit till price can be handled and i might buy more for trading.
member
Activity: 70
Merit: 10
September 05, 2016, 10:49:05 AM
Most times I'm buying btcs for investing in different types of investments and also for trading. I'm also not investing all the btcs into investments and trading, just half of the coins at the time.
sr. member
Activity: 462
Merit: 250
September 05, 2016, 10:46:30 AM
Next to earning them I buy some bitcoins, my reasons for buying are because I don't earn enough of them and I'm not satisfied with that amount. I want to have a good amount in the wallet just incase they skyrocket.
legendary
Activity: 1596
Merit: 1011
September 05, 2016, 10:42:51 AM
I am not buying bitcoins right now because the price of the coin is to high as you all know so we need to make sure that we are getting more attention to people to trade to make the price higher or just wait till the price drops and buy them.
If you think like that then you will get nothing. bitcoin prices continue to rise at this time. despite the current high prices, we are confident in the future of bitcoin prices will continue to rise. not only can we say anything, we have to do things that can make us work.
hero member
Activity: 1148
Merit: 504
September 05, 2016, 10:42:27 AM
Yes I am buying at a moment as I feel price is low and it can go higher in future allowing me to make some really good profits from it so its good to buy some coins right now.
good idea bitcoin is really going to rise up it price and we should buy bitcoin now because the recent is low and i am sure bitcoin will be increase its price sooner in the near future.

Price has crossed $600 barrier now and again it has started to rise now, so if you believe that price will go higher in future then this is  the best time to buy bitcoins.
it made a jump today, so wasn't yesterday the best time to buy bitcoins? or just wait for the rebound and buy then.

Your head will just burst if you keep thinking that way. There will always be lower price and higher price. If you believe that bitcoin has a good future, NOW is the right time to buy bitcoin (price does not matter)  because in the future it will be way higher. But if you do not have faith in it, there will always be regret that you did not bought at  a lower price.
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