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Topic: Why people are still buying Bitcoin? - page 30. (Read 3028 times)

newbie
Activity: 27
Merit: 0
I think the following are the reasons people still buy bitcoin:
1. Fast transaction
2. Cheap rates
3. Central government can not take away
4. No refund People can not steal your payment information from merchants
5. Not inflation
6. Private
7. You do not need to trust anyone else
8 . You own them
9. You can create bitcoin
newbie
Activity: 70
Merit: 0
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 believe bitcoin will have a brighter future, increasingly popular and many companies are receiving bitcoin. I buy bitcoin for a better future.



I think in Bitcoin you do not have to wait until it reaches $ 16,000 to double your money, you can buy and sell it even with just a $ 100 or 200 price drop, you will be surprised at how quickly you will double your money in the technique instead of waiting for the price big target.
Even if you prefer Gold or Silver, there is no guarantee that they will get a steady growth of 20% to 35% investment has no guarantee and gives you a short history. Silver is valued higher than Gold, look where they are now? This gives an understanding that in the future there is no guarantee what will happen to their prices.
jr. member
Activity: 266
Merit: 1
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
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.

Diverse reasons to why people are purchasing the bitcoin; aside from investment made with it, it is mostly used for trading purpose. You need it for altcoin purchase and also as means to convert into our fiats. So,  the bitcoin sales and purchases is a constant  thing in the cryptocurrency  world.
member
Activity: 83
Merit: 11
Because they are sure and believe on bitcoin. They never doubt to invest on bitcoin as the biggest cryptocurrency. They sure that bitcoin will give them good profit in the future. And it will be true if you keep buying bitcoin too.
hero member
Activity: 1190
Merit: 534
We must realize that mining is not a get quick rich business, you have to put efforts and generate revenue can claim profits when the output will have the highest demand in the market. Miners never sell their newly mined coins unless the price is anywhere near all-time high level. When it comes to the normal investor, the case is same. Bitcoin is still in the basic phase of the development and hence it has potential to give exponential returns on a larger time scale, unlike other investment options.
member
Activity: 686
Merit: 30
because they trust bitcoin i think?
and bitcoin have give good proof that it can stand till now and still get higher price year by year
jr. member
Activity: 308
Merit: 1
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.

If you have the capital to buy bitcoin then why not, as long as you're willing to wait and you're ready to take the risk and there are a lot of people in the crypto industry that holds their bitcoin for a very long time. They buy bitcoin because they saw potential and opportunity to gain profit in the future. The changes of its value from time to time differs from the previous one. So, it may surpass again its highest recorded value maybe in the next 2 years. Its value accelerated a bit fast from the past 3 years or so. Maybe it will reach $10k-12k this year. Honestly speaking, we really can't tell.
newbie
Activity: 123
Merit: 0
there is a reliable option of investing 4k$. To buy several #btc, when he leaves for a correction below the $2k
newbie
Activity: 65
Merit: 0
Bitcoin is still one of the best coins there is in the market ,still at the top of the market with the highest market cap and vlue, the coin i currently taking a dip, and low in valuation but those who know better knows that it will regain its value with time
full member
Activity: 560
Merit: 107
For me, why people are still buying bitcoin because of the main reason, they can still profit from it, and they want to use it because of bitcoin’s capability. Many people or users purchase bitcoin because they can even earn money on it if you can profit a massive amount of money even bitcoin’s value is fluctuating too much why you will stop. The over factors is there are grabbing this opportunity to buy bitcoin at a low amount and sell it to their effective rate. The last reason is maybe they want to use bitcoin we all know that bitcoin’s acceptance in big, in terms of payment system, because most of the establishment now know about bitcoin and some of them accept bitcoin as a payment, less transaction, and hard work to some users if they are using bitcoin, like no more queue. Smiley
full member
Activity: 602
Merit: 100
I think in addition to as investment, people who bought bitcoin believe in the future bitcoin will have the value of a very fantastic.
newbie
Activity: 60
Merit: 0
i think they keep investing bitcoin because they know in the future, bitcoin will increase higher and higher value so that they get a big profit when they trade it to someone. Smiley
full member
Activity: 406
Merit: 117
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.
Are you sure the value of the bitcoin reach $16,000 takes five years? Bitcoin value is not predictable. If you think earning in bitcoin is faster than gold and silver, why I don’t hear a news people getting rich on investing or holder of gold and silver. Some people keep on buying bitcoin because we know the potential and the capability of having the bitcoin. Can you use the gold or silver as a form of payment on this generation?
member
Activity: 140
Merit: 10
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.
For me, because they still believe in bitcoin even though the value of money has a long time to make the price get high. Bitcoin can improve the social status of every user. Bitcoin is hard but it is worth it to wait and because many users still giving their trust because they believe that bitcoin will get higher value even it is a long time.
newbie
Activity: 70
Merit: 0
Because bitcoin holders are the next generation billionaires. The profit on investing in bitcoin is way more higher than investing your money on any other forms of investments.
hero member
Activity: 1432
Merit: 500
Peoples are still believe in Bitcoin and going to take over the world present  currencies,  our future currency it will be digital currency is like a bitcoin or any other cryptocurrencies.
newbie
Activity: 231
Merit: 0
Because for me bitcoin provides convenience and practicality. The easier it becomes because I can buy various needs with bitcoin, especially amazon also received bitcoin as payment option. This is what I think is why people are still buying bitcoins.
newbie
Activity: 98
Merit: 0
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.

bitcoin it's the future, so the tendency will be increase
legendary
Activity: 3374
Merit: 1824
Because of hope.
Ordinary people can't become rich in the ordinary way.
We know that we are not smart enough to build some successful business, or to trade successfully in the stock market, or lucky enough to win the lottery.
So, for the most people, bitcoin is their ''ticket'' for the better life Smiley

newbie
Activity: 133
Merit: 0
Because people still believe in bitcoin so they are still buying bitcoins or they may just want to gamble in bitcoin.
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