Topic: What inspired you to buy BTC? - page 2. (Read 754 times)

Limited supply, big demand and bright future makes me inspired to buy btc more and more. Also the most important part that in future I am not able to buy btc because of its huge price so its good to buy cheaper now. Compare with fiat btc giving you good return and better future for my family.

Before I buy my first crypto I was looking a lot the price of Bitcoin.
My first purchase however, wasn't BTC but it was ETH as I thought that ETH is going to overcome BTC - it was mentioned to my as the next BTC from the guy that pushed me to crypto. After some time I thought that I have to diversify my portfolio and I bought BTC as well in order to have both two in my wallets.

So whats inspired you to Buy Bitcoin then,because thats what the Given
 question above and you should answer that
 specifically.but what guides me to Buy Bitcoin?of course encouragement
 of friends that first learned about what Bitcoin
 is and how can we earn from this and all they say is all positive and that's
 why i decided to try and yes i made my way
 inside with good deeds.

The same as mine and those people actually thought that bitcoin was just an increasing asset without any signs of dropping down to look for corrections. I felt good and bad at the same time because before whenever I talk about bitcoin, no one was interested but when they actually saw the value of it going up, they started to become curious. Well, as we know the popular quotes about money talks and the bad feeling was when they started losing interest when they see the value goes down. It inspired me to buy more for personal reasons that I'm wishing someday bitcoin will be par and good as retirement savings.

Bitcoin is best choice for investment. Bitcoin can be buy or sell at any time if need. Although nobody can't predict about any Crypto currency but bitcoin can be predict a little bit but  others currencies are totally unpredictable & can be dump without any signal. For this reason, i think bitcoin is safe to buy & there is possibility enough to have good profit

The only thing that inspire me to buy bitcoin is, there is a possibility that I will gain big profit to it by just waiting the right time. But yes I know it is risky. In that case instead of buying bitcoin using my own money, I just decided to earn then saved it until I already have plenty of it and until the price is high or satisfying for me.

Everyone expects bitcoin to rise and it will drag the market up. But before, when the halving event happened, the price of bitcoin was very low and the marketcap of the market was quite small. so it is normal to pump bitcoins up. But now the game is getting harder, many manipulation organizations are joining the market and the manipulation also needs to become more cautious. This halving, I think the price of bitcoin will return to the price of $ 14k or as high as $ 16k.

You will not become rich if you do not have special expertise in a field or in any field that can indeed be developed and honest, from the beginning I knew bitcoin until now it never crossed my mind to become rich in this market. Apart from that, at least there was a friend who brought me to the bitcoin market and he succeeded in cashing it at that time, so it proves that bitcoin or trading in this crypto market can really provide an income.

Most of the time it will surely matter into someones curiosity which would mold up into interest then engagement.Basing of into my experience before i jumped in bitcoin where some of
my friends do tell me about bitcoin payment or something and thats the time i got curios because it didnt talk about those traditional payment system like payeer,paypal etc.
and in that time i do start up to do up some research and finding infos about it until i do make myself stick into this market and continue to support it yet
we cant really deny that this one is a great tech that had been invented. Anonymity+ Decentralization? This combo is enough.

I have no feelings for bitcoin, I only buy bitcoin for profit. or for potential alts and good technology, I still speculate for profit. few people died because of "technology investment". I suddenly realized that this is a very terrible market price and literally a decentralized market. There is no restraint, no law, and we are individuals who fight with each other with everything we have. So be wise, have your own strategy to survive in this market.

Let's be real though, who uses Bitcoin to do online shopping? You?

Despite the developed technology to make Bitcoin a good method as a payment, to have a fast transaction, people are not really using it as payment. People are using it to gamble, why not, they are gambling for that reason too. The reason a lot of people are wanting to have it is because of the fact that it reacher great price in the past, and they are still hoping it will happen, obviously it ends up there right? Wanting to get a profit from it.

I am not dreaming that big to become rich in buying bitcoin instead I buy BTC as a form of savings and hoping that my savings will grow in a certain amount of time that I stored it in bitcoin rather than storing it in the bank that only gives us a very little percentage per year basis. Aside from that I also buy bitcoin if I have something to buy or pay using bitcoin because sometimes I use bitcoin to pay the people that are working under me.

Therefore whether the bitcoin price goes down or up, I have no problem with it as I am planning to hold it like 10-15years from now and I am hoping that bitcoin price will continue to grow so we can also gain a good profit from our investments.

This is quite odd to see. Many investors of Bitcoin started out of curiousity seeking for things that could generate income. I am familiar with that game and I don't know that Bitcoin could be used in order to buy things inside such the game itself because I thought it requires fiat based digital currencies such as e-load, and the likes, or maybe that is in my country only. Bitcoin is originally a digital currency but due to the volatility of its market value, it was more used as an investment that gives profit to the investors whenever the market price is in upward motion.
That is because not all people way back that year expected the market price would be this much after a few years as it started to be recognized by more countries. Same thing regarding the moment its market value reached its ATH, majority of people did not expect that a correction would immediately occur which pulled down the entire market before. Many investors are expecting for a higher market value that time but the opposite happened causing regrets to most of the investors, which made some of them sell their holdings at a low price due to lack of hope that the market will again be able to recover.

I have known Bitcoin since 2014, and at that time I had not bought it, I regretted it, and started buying it when the price was at $ 1000, precisely in early 2017, but of course I still regretted it because I didn't sell it at All Time High

Also there are a lot of people who are buying and getting into bitcoin because they really believe in what it stands for and I think that was a big reason why it even started to become and increase the price as well. I mean think about it why did the bitcoin was created by the Satoshi Nakamoto himself? Do you really think he just wanted to be rich and that is why he created it? No, it was because in 2008 there was banks and there was government that was basically working to make the rich people richer and they were helping the richer people while not doing anything for the poor people and left the playing field unfair.

So, the purpose of bitcoin was basically just to get bitcoin to be the alternative and if you think government and banks and FED is just working against you and helping rich people, you could move to bitcoin and just keep it there because it is decentralized and they couldn't touch it and that is very powerful.

Wayback when im still in college in 2009 where i do initially hear out about btc but my thoughts or things in mind tell me that this might be an another investment scheme knowing that there are lots of
scenarios or incidents that do involved pyramiding scams and other frauds not only in the past but in all the years we've been here on this world.Well, its too late to regret now but it isnt
too late for us to engage with bitcoin yet we know that high probability that this thing will fly up in the future.Its too early to say talking about 10 years of existence.

I first heard about Bitcoin in January 2013 when a friend told me about a contraband market site on the darknet called The Silk Road. He was all excited about the cool substances he could buy but all that interested me was this cool digital money they used.

I had long been a fan of decentralization and peer-to-peer networking. When I'd first heard about Napster, it wasn't "oh wow, free music", it was "oh wow free filesharing". Needless to say, Bitcoin was right up my alley. At the time bitcoins were worth about $15 each.

I wasted a month trying to figure out what the scam was, learning about dual-key cryptography, proof-of-work, etc., before I realized it was for real, world-changing new technology with the potential to be to wealth what the internet is to information. I wanted in. By then the price of a coin had doubled to about $30.

I wasted another month trying to figure out how to buy some coins. I immediately sent money to my Paypal account and that cost me another week. I hadn't counted on just how adamantly all the banks and money transferers were against Bitcoin. I used my Paypal funds to buy ASIC mining hardware from Butterfly Labs and continued my search for Bitcoin access. Eventually I found a Canadian exchange, Cavirtex who had devised a sneaky way for me to send them money in less than a day using coded bank deposit amounts with the cents being identifiers.
Soon I was buying 10, 20, 30 bitcoins a day. By then the price had doubled again. I paid $68 per coin.

By the time my money had quadrupled, it crashed down to less than I'd paid but I didn't panic. I'd read my history and knew what had happened in 2011. I sold only a tiny amount (10 coins) at $155 during the "dead cat bounce" and bought back 15 coins at $97 a day or 2 later. That was my only tarding. After that I just kept buying and hodling. By the time it bubbled up to $1100 later that year and then crashed with Mtgox and "China bans Bitcoin" fud, I was already battle-hardened. I did take a hit when I lost 50 coins to Mtgox but I did get a valuable lesson out of it. Do not use online exchanges and do not use active wallets and expose your coins to the internet. Use multiple off-line cold storage addresses and obtain your coins directly into them.

Eventually I got my ASICs and mined a few coins with them before they became totally obsolete. I would have gotten more coins by buying coins at $30 instead of paying $650 for ASICs. Live and learn.

Needless to say, by not selling unnecessarily, my coins have been very good to me. I'm living happily ever after, currently in one of our 5 Mexican properties, waiting out the covid crisis in isolation in the jungle and looking forward to getting back up to Toronto before the rainy/hurricane seasons start. Money is no longer an issue. It's hard to believe I did this all on about $65k starting a few weeks before my 65th birthday.

Thank you Bitcoin.

Many people got in because they saw bitcoin increasing like crazy and they wanted to be a part of it, lets not kid ourselves that is the reason most of bitcoin world is here. I got in probably 7 years ago and even at that moment it was because the price went up, it wasn't like this of course, it was pretty low back in those days, however it still had like a 30 to 130 dollar increase and I got in because of THAT increase, some people got in when it was going to 20k, but the main idea stands, people come in when price goes up.

The thing is, some people make profit during those periods, some people lose money during those periods, but in the end they are not leaving, all of them stays, maybe a tiny portion leaves but even the ones that lose money stays.

Many of us want to make money from bitcoin, and that makes us try in many ways, not just from trading. That is because people read from many story success from other people that say bitcoin can allow them to make money. That was inspired me too so far, and that is my reason to make money from bitcoin and altcoin. I am sure that if bitcoin price can increase like what we saw before, that can attract more people to come to bitcoin, and try to make money as we did.

There are many types of investors and traders,  there are people who buying bitcoin because they felt hyped, there are people who thinks bitcoin is still cheap,  there are speculators and of course there are technicians. that are relying to the price action of the bitcoin. I'm kind of person who buy bitcoin because of the technical analysis where I have trigger points. I do momentum trader with intraday charts but it is risky especially if I using high leverage.