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Topic: why I bought (Read 5003 times)

sr. member
Activity: 252
Merit: 250
May 13, 2016, 08:51:26 AM

There are far better coins besides bitcoin though but btc still can be the best you can have since people prefer and merchants accepting it than any other coin.
who knows what could happen though 0.1 btc may not be worth keeping after halving.

This view is dangerous.
But if you have a tolerance of way you can mitigate your risk, then why not lol.
But I think newbies should stay clear in the alt coin section until they are more familiar with bitcoin 1st.

why would this be dangerous?
keep in mind that btc price is uncertain this block halving, it may go up or it may go down. no one yet has forseen which way this is going but one thing is for sure while btc rise most altcoin will also rise.
if btc goes down, some altcoins may stood still.

I am not sure about the effect of the block reward halving. But when the bitcoin is used by more people, the price will go up.

the effect of block halving is mostly based on the speculation about supply and demand that will change because of the halving. it means when the block reward halves there will be less supply available, because there is less bitcoin being created so as the rule of supply and demand suggests, less supply with the same demand means increasing price.
There is definitely a lot of speculation regarding the block halving and the affect it will have on the value, but keep in mind a lot of the value is derived from what miners are willing to sell at to cover their costs and make a profit. If the halving really does have an affect, then we'll see the miners selling their Bitcoin for more. They have to eat too.

The initial value during the halving will definitely be speculation-based, but I am confident the base value will become apparent soon after it does occur.

That is true. The real value depends on the usage of the bitcoin. If nobody uses it, halving does not help.
hero member
Activity: 490
Merit: 520
May 11, 2016, 11:36:37 PM

There are far better coins besides bitcoin though but btc still can be the best you can have since people prefer and merchants accepting it than any other coin.
who knows what could happen though 0.1 btc may not be worth keeping after halving.

This view is dangerous.
But if you have a tolerance of way you can mitigate your risk, then why not lol.
But I think newbies should stay clear in the alt coin section until they are more familiar with bitcoin 1st.

why would this be dangerous?
keep in mind that btc price is uncertain this block halving, it may go up or it may go down. no one yet has forseen which way this is going but one thing is for sure while btc rise most altcoin will also rise.
if btc goes down, some altcoins may stood still.

I am not sure about the effect of the block reward halving. But when the bitcoin is used by more people, the price will go up.

the effect of block halving is mostly based on the speculation about supply and demand that will change because of the halving. it means when the block reward halves there will be less supply available, because there is less bitcoin being created so as the rule of supply and demand suggests, less supply with the same demand means increasing price.
There is definitely a lot of speculation regarding the block halving and the affect it will have on the value, but keep in mind a lot of the value is derived from what miners are willing to sell at to cover their costs and make a profit. If the halving really does have an affect, then we'll see the miners selling their Bitcoin for more. They have to eat too.

The initial value during the halving will definitely be speculation-based, but I am confident the base value will become apparent soon after it does occur.
legendary
Activity: 3472
Merit: 10611
May 11, 2016, 10:42:43 PM

There are far better coins besides bitcoin though but btc still can be the best you can have since people prefer and merchants accepting it than any other coin.
who knows what could happen though 0.1 btc may not be worth keeping after halving.

This view is dangerous.
But if you have a tolerance of way you can mitigate your risk, then why not lol.
But I think newbies should stay clear in the alt coin section until they are more familiar with bitcoin 1st.

why would this be dangerous?
keep in mind that btc price is uncertain this block halving, it may go up or it may go down. no one yet has forseen which way this is going but one thing is for sure while btc rise most altcoin will also rise.
if btc goes down, some altcoins may stood still.

I am not sure about the effect of the block reward halving. But when the bitcoin is used by more people, the price will go up.

the effect of block halving is mostly based on the speculation about supply and demand that will change because of the halving. it means when the block reward halves there will be less supply available, because there is less bitcoin being created so as the rule of supply and demand suggests, less supply with the same demand means increasing price.
hero member
Activity: 686
Merit: 500
May 11, 2016, 02:59:53 PM

There are far better coins besides bitcoin though but btc still can be the best you can have since people prefer and merchants accepting it than any other coin.
who knows what could happen though 0.1 btc may not be worth keeping after halving.

This view is dangerous.
But if you have a tolerance of way you can mitigate your risk, then why not lol.
But I think newbies should stay clear in the alt coin section until they are more familiar with bitcoin 1st.

why would this be dangerous?
keep in mind that btc price is uncertain this block halving, it may go up or it may go down. no one yet has forseen which way this is going but one thing is for sure while btc rise most altcoin will also rise.
if btc goes down, some altcoins may stood still.

I am not sure about the effect of the block reward halving. But when the bitcoin is used by more people, the price will go up.

If many people use bitcoin, it means it is useful. Useful thing will have a value. The more useful, the higher the value.
newbie
Activity: 29
Merit: 0
May 08, 2016, 03:46:59 AM

There are far better coins besides bitcoin though but btc still can be the best you can have since people prefer and merchants accepting it than any other coin.
who knows what could happen though 0.1 btc may not be worth keeping after halving.

This view is dangerous.
But if you have a tolerance of way you can mitigate your risk, then why not lol.
But I think newbies should stay clear in the alt coin section until they are more familiar with bitcoin 1st.

why would this be dangerous?
keep in mind that btc price is uncertain this block halving, it may go up or it may go down. no one yet has forseen which way this is going but one thing is for sure while btc rise most altcoin will also rise.
if btc goes down, some altcoins may stood still.

I am not sure about the effect of the block reward halving. But when the bitcoin is used by more people, the price will go up.
legendary
Activity: 2282
Merit: 1041
May 01, 2016, 12:41:03 PM

There are far better coins besides bitcoin though but btc still can be the best you can have since people prefer and merchants accepting it than any other coin.
who knows what could happen though 0.1 btc may not be worth keeping after halving.

This view is dangerous.
But if you have a tolerance of way you can mitigate your risk, then why not lol.
But I think newbies should stay clear in the alt coin section until they are more familiar with bitcoin 1st.

why would this be dangerous?
keep in mind that btc price is uncertain this block halving, it may go up or it may go down. no one yet has forseen which way this is going but one thing is for sure while btc rise most altcoin will also rise.
if btc goes down, some altcoins may stood still.
hero member
Activity: 658
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
May 01, 2016, 12:29:06 PM
Reading over threads on this forum I've learned quite a bit about mining and the community in general.
But the reason I bought bitcoin has nothing to do with the former or the latter.

You see I'm one of a small percentage in the USA who reads/listens to news outside the USA. Most people I speak to have no clue what is happening in Europe, how the death of Petro-dollar is meaningful, ZIRP influenced stock market Bulls, overinflated housing valuations, trillions in student loan debt, Vehicle lending bubble, crashed Baltic dry index, emerging economy bond debts, low income per household,  oil hedge covering by the Fed and Treasury, COMEX price rigging, overvalued dollar, FATCA, TPP, on and on.

Pretty much I've sounded like a crazy person to most but that's OK.

Why am I writing this?
Well its because people seem to have a brain around here so if anyone wants to hear some very interesting info Jim Willie (goldenjackass.com) gives some animated, resourceful and so far accurate underground info regarding government level corruption and how it will crash the dollar which chases wealth into other Venue's like gold, silver, BTC.

You see BTC isn't going up just because its the nextgen of wealth.
It isn't just going up just because working BTC commerce and investment platforms have surfaced (yet to fully mature).
BTC is also going up because people like myself don't want to play Yosemite Sam guarding home based Bullion, nor do we wish to gamble with TSA screening for metals. Bitcoin is perfect for its time and the incoming wealth is just beginning.

Well done and enjoy the ride (don't sell).

Btw BTC market cap of 7billion is nothing in grand scheme.
With Commerce support maturing I'm seeing 3-5k per coin (or per 100,000,000 Satoshi).

If retirement wealth comes around we are talking above a market cap of 1trillion.
This is a worldwide platform, very private, and very secure.

well i have to say that buying bitcoins is always a good thing because bitcoins have good potential to become world currency, so it is good to have them now

and also it is good to buy them now for holding them for more profit, because price of bitcoin will rise in future for sure so buy now when they are still cheap and sell when they will be expensive
full member
Activity: 302
Merit: 100
May 01, 2016, 03:46:36 AM
#99
Buying a bitcoin is always a good action. You have invested into a highly returning vehicle. Your money will keep on growing at least for next 100 years.
We don't know if bitcoins will even exist in the next 100 years. I think a new better system might take over bitcoin in the next 50 years.
I would not take the risk to hold Bitcoins for so long because it is a gamble that you take. You will never know how Bitcoin is going to be at that point in time.
So I would at least try to sell some of them now and save some for later.

I will hold most of my coins. But I will not sell. I will just use some. That is same as selling but make it useful.

If you want nice profit, you have wait for long time. The price could be $100,000 in 20 years or longer.
sr. member
Activity: 462
Merit: 250
April 28, 2016, 04:08:51 PM
#98
I also bought the btc for profit reasons, like many others that are doing this for the profit.
In my opinion there is just so much profit in the bitcoin itself.
I think we can all make profit with it to be honest because its just such a good currency.
hero member
Activity: 778
Merit: 500
April 28, 2016, 02:16:55 PM
#97
I bought the bitcoin for the profit you can make with it, I'm now just holding my bitcoins to wait for the right time.
Soon or later I can sell them for some nice profits!
hero member
Activity: 686
Merit: 500
April 28, 2016, 11:20:52 AM
#96
Buying a bitcoin is always a good action. You have invested into a highly returning vehicle. Your money will keep on growing at least for next 100 years.
We don't know if bitcoins will even exist in the next 100 years. I think a new better system might take over bitcoin in the next 50 years.
I would not take the risk to hold Bitcoins for so long because it is a gamble that you take. You will never know how Bitcoin is going to be at that point in time.
So I would at least try to sell some of them now and save some for later.

I will hold most of my coins. But I will not sell. I will just use some. That is same as selling but make it useful.
sr. member
Activity: 448
Merit: 250
April 26, 2016, 08:55:01 AM
#95
Buying a bitcoin is always a good action. You have invested into a highly returning vehicle. Your money will keep on growing at least for next 100 years.
We don't know if bitcoins will even exist in the next 100 years. I think a new better system might take over bitcoin in the next 50 years.
I would not take the risk to hold Bitcoins for so long because it is a gamble that you take. You will never know how Bitcoin is going to be at that point in time.
So I would at least try to sell some of them now and save some for later.
hero member
Activity: 2814
Merit: 553
April 25, 2016, 01:12:52 PM
#94
I have bought some bitcoin as I think the price will rise when more people use bitcoin. We are the early adopters.
legendary
Activity: 3234
Merit: 1214
DGbet.fun - Crypto Sportsbook
April 18, 2016, 11:29:47 AM
#93
There's definitely worse ways to spend your money,  and stay away from the casinos and bitcoin securities and all that crap.  There's a million ways to get scammed.

Its our responsibility to keep ourselves away from scammers, but its very hard to come out of casinos and other methods of gambling if we make a entry as it is similar to an addiction.
sr. member
Activity: 350
Merit: 250
April 18, 2016, 10:37:27 AM
#92
well i think all of us had bought bitcoin for the same couple of reasons more or less.
one of the biggest reasons is the price and the profit the future of bitcoin has to offer to us.

but also another big reason is the benefits of using bitcoin, which a lot of us became interested in bitcoin because of them, like the decentralization and the security.

people of course like the fact that they can use bitcoin as currency, but 95% of the people simply buy bitcoin to make profit. i personally also like the decentralized aspect and the currency aspect of bitcoin, but probably the most important aspect is that it allows us to make profit. that's what we all want.
The main reason that people is buying Bitcoin is that you have to know that we can earn some nice profit with Bitcoin if the value is rising and that would be great.
It is only possible when the value is going to rise and that is now not happening so that is bad.
legendary
Activity: 2688
Merit: 1106
DGbet.fun - Crypto Sportsbook
April 18, 2016, 05:56:16 AM
#91
bitcoin has a really good future since the beginning of this year, due to the point the bitcoin is getting more popular everyday, also the halving is coming so that is another point why you should invest.
Yeah bitcoin has great potential to grow day by day and halving is coming this year from what we can earn better profits which further add credit to bitcoin due to which we can observe more number of users joining this forum within short period.
full member
Activity: 302
Merit: 100
April 17, 2016, 01:25:18 PM
#90
bitcoin has a really good future since the beginning of this year, due to the point the bitcoin is getting more popular everyday, also the halving is coming so that is another point why you should invest.

The halving could double the price. So it is better to invest now, and sell after the price rise in a few months.
newbie
Activity: 42
Merit: 0
April 16, 2016, 09:29:49 AM
#89
bitcoin has a really good future since the beginning of this year, due to the point the bitcoin is getting more popular everyday, also the halving is coming so that is another point why you should invest.
sr. member
Activity: 252
Merit: 250
April 15, 2016, 02:46:56 PM
#88

There are far better coins besides bitcoin though but btc still can be the best you can have since people prefer and merchants accepting it than any other coin.
who knows what could happen though 0.1 btc may not be worth keeping after halving.

This view is dangerous.

But if you have a tolerance of way you can mitigate your risk, then why not lol.

But I think newbies should stay clear in the alt coin section until they are more familiar with bitcoin 1st.
newbie
Activity: 56
Merit: 0
April 15, 2016, 01:57:04 PM
#87

There are far better coins besides bitcoin though but btc still can be the best you can have since people prefer and merchants accepting it than any other coin.
who knows what could happen though 0.1 btc may not be worth keeping after halving.
I think there's no better coin and i think bitcoin is always better than other altcoin.. because its really profitable if you have a lots of money to buy bitcoins right  do it now and wait for block halving and make double profit or more..

I think he meant better technologically, like gen 3 or 4 coins as opposed to the gen 1 bitcoin.

That being said, the first mover advantage of bitcoin pretty much guarantees its dominance in this space.
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