Why people are still buying Bitcoin? - page 22.

Ale88

legendary

Activity: 2576

Merit: 2880

Catalog Websites

Quote from: First77 on May 28, 2018, 04:25:11 AM

If people buy Bitcoin at $8,000, they will get 100% profit only when Bitcoin reaches $16,000. If it takes 5 years to reach $16,000, people will earn more money from Gold and Silver than from Bitcoin. Silver is giving 20% to 35% profit in one year.

Mining cost of one Bitcoin is $5,000 or more. When Bitcoin was $400 or $800 it was understandable because people had to just spend $400 or $800 to get one Bitcoin and $1,200 is super high profits when Bitcoin started from $1.

I'm sorry but who says bitcoin will go back to $16k in 5 years? And if at the end of the year BTC value is like last year what would you say?

BarbieCasino

sr. member

Activity: 612

Merit: 250

Because people know bitcoin will rise and rise with the passage of time. every one know bitcoin have high volatility and bitcoin investment give in return highest profit. i also invest my money in bitcoin when the price was 16000$ and i know in one year i will gain 100% profit because bitcoin community are increase day by day and the price will hit 50000$ at the end of this year.

jejerosie123

newbie

Activity: 163

Merit: 0

It is simply becuase they can earn high profit. There is no other cryptocurrency same as Bitcoin now. That's why Bitcoin trusts by many people around the world to earn more money. And I need in the future many will invest Bitcoin.

jake zyrus

full member

Activity: 798

Merit: 121

Quote from: Sab11 on May 28, 2018, 05:52:40 AM

There are alot of opinion why many people still buying bitcoin i think for me one of the most reason is they want to earn huge profit by just buying it and holding for longterm because they see a lot of potiential in bitcoin. Thats why many people still buying bitcoin.

?
Yes, I agree of that people still buying bitcoin cause they want to earn, and they collect bitcoin when the value is dip and they hold and wait the right time to sell it. People continues buying bitcoin and continues investing for continues earning of high profit.

CGPA

member

Activity: 120

Merit: 10

Some peoples are still buying Bitcoin, Because they are very hopeful about it's future price. And I'm also one of these peoples.

Maruf Nazir

newbie

Activity: 196

Merit: 0

Most of the people buy it because of the hype and speculation in place. Still buying btc many people most of them too much sure about the future of bitcoin. Bitcoin is very promising for those who already believe. The people still believe the market of bitcoin will rise soon. I also believe that.

popoyuyun

newbie

Activity: 152

Merit: 0

Because they still want to trust bitcoin for the future or they may really want to gamble by buying bitcoin.

Debu

newbie

Activity: 48

Merit: 0

:)Bitcoin is a store of value and investment. People buying bitcoin because they still believe that it will give big profit.
and if you notice price increase each year is huge, specially in 2017. It will soon reach its highest value.

athaya_DR

member

Activity: 322

Merit: 10

It depends on whether you believe in the future of Bitcoin. People buy bitcoin because they still believe that they will earn more profit from it, although it is hard to predict when bitcoin reach the highest value and how much value it would be, they still believe bitcoin will give them more income.

tuliobrothers

member

Activity: 185

Merit: 10

Because there is a good profit in bitcoin. Investing in bitcoin is more profitable than any other investment in banks. So, a lot of people now are still buying bitcoin and altcoins.

Tahir460pk

jr. member

Activity: 308

Merit: 4

Still buying btc many people most of them too much sure about the future of bitcoin thats why they are still purchasing and holding the bitcoin there are coming many news about it from some countries supporting bitcoin thats why people believe on this market and their trust going up and up with every passing day and they are investing.

Selapesek

newbie

Activity: 73

Merit: 0

Because bitcoin is very promising, bitcoin is very profitable, bitcoin is money-based digital that is quite popular among the world community. Bitcoin will be the best in the future. Bitcoin will increase its demand to wonder if it's bitcoin? Bitcoin is very promising for those who already believe.

Nezerlan

jr. member

Activity: 214

Merit: 3

Many people that buy bitcoin are not doing so in order to spend it for goods and services. They do so in order to leverage on the volatility that comes with investing in cryptocurrency.

djmixen

member

Activity: 518

Merit: 11

Well, i think people are still buying bitcoin because they are sure on the future of bitcoin that it will soon reach the highest value. Although bitcoin is not yet accepted in other country, but there are always new update that some countries accept it and maybe this is one factor why bitcoin price is going down.

bluered

member

Activity: 176

Merit: 10

Quote from: hdtqisg on May 28, 2018, 04:29:09 AM

Everybody, including me, is saying that investing in bitcoin will get a profit! At present, there are many ICOs projects, so many opportunities to make a profit! I always hope to be successful!

Me too I still hope in bitcoin even though there are a lot of news destroying the image of bitcoin. I just started hold bitcoin and I still hope that its value will increase.

kyra0018

newbie

Activity: 158

Merit: 0

Quote from: hdtqisg on May 28, 2018, 04:29:09 AM

Everybody, including me, is saying that investing in bitcoin will get a profit! At present, there are many ICOs projects, so many opportunities to make a profit! I always hope to be successful!

People are still buying bitcoin including me, because the value of a bitcoin increases as the time passes by. The more amount of bitcoin you the higher amount you can exchange.

Lhanofclover

newbie

Activity: 102

Merit: 0

Most of the people know about bitcoin are the people believed that btc will help them to become financial stable because of the high profit benefits.

krasik

newbie

Activity: 90

Merit: 0

Well I'm number one. I worked very hard on investment, especially in real estate. I know that there are many projects, but this one is the most convenient for me.

mung_nasib

full member

Activity: 602

Merit: 100

DeFixy.com - The future of Decentralization

Probably because bitcoin is one of the most favored places for a person to earn an income even if it takes a relatively long time In addition,the risk of loss is still small if they can be patient in holding the asset for a while.

FiveReels

member

Activity: 168

Merit: 10

Quote from: First77 on May 28, 2018, 04:25:11 AM

If people buy Bitcoin at $8,000, they will get 100% profit only when Bitcoin reaches $16,000. If it takes 5 years to reach $16,000, people will earn more money from Gold and Silver than from Bitcoin. Silver is giving 20% to 35% profit in one year.

Mining cost of one Bitcoin is $5,000 or more. When Bitcoin was $400 or $800 it was understandable because people had to just spend $400 or $800 to get one Bitcoin and $1,200 is super high profits when Bitcoin started from $1.

In my own opinion, Many people are still buying bitcoins because of curiosity and wanted to acquire something comfortable lifestyle, As proven and tested by millions of people, Bitcoin had a capacity to give all we want, In financial aspects, bitcoin deliver's opportunity and a good source of income:)

Topic: Why people are still buying Bitcoin? - page 22. (Read 3028 times)