Why people are still buying Bitcoin? - page 31.

greg458

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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.

Bruh, it's not how investment works....
Why ppl still buying bitcoin? There are many things, like someone think that bitcoin is secure, someone think bitcoin is really annonym, someone think that bitcoin easy to use (cause you can use bitcoin everywhere), or something like that...

And about ROI by investing on bitcoin>>dude, do you never ever hear/read thing that called crypto trading? By trading on crypocurrencies you can earn 100% profit only for few month even day (pls note that cryptocurrency not only bitcoin)

How about "why ppl not investing/buying gold/silver?" as I said above, it's because they think bitcoin is safe (if you investing on gold, you have probability to get robbed bigger than investing on bitcoin, why? Because till now (atleast), nobody can't hack bitcoin...

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

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.

It's called investment, it's not about when you dedicating to investing, it's all about when you take profits.

Kay94

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People are still buying btc because they know how cyrptocurrencies operates. Considering the fact the the markets are down doesnt mean crypto will die. Buying it now will earn them in the time to come when btc hits the moon once again.

reality18

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Earn more with Earn Network

People buy bitcoin because it is the first cryptocurrency and has gained much trust in the crypto market. Bitcoin has made a legacy of $20K and with this, people believe it can still hit back that price again and even beyond. Personally, i'm still buying and holding more BTC.

Mofazzal840

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Actually people love & trust bitcoin.On other hand btc price is down now.So people are still buying btc.They also know that bitcoin is profitable currency.

diickydbo

newbie

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Probably by buying bitcoin they can profit randomly when they hold it within a certain time. Because bitcoin is hard to predict sometimes the rate of bitcoin price increase can reach 2-3x the price now.

SilverChromia

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A lot of people will still continue buying and keeping or holding a lot of bitcoin even at this moment. even we all know that these days bitcoins do not have much more value on the market because of its downfall but in the end we will realize that it will take a lot of time again and sooner or later it will go back again to normal and will go rise again its price on the market because we are those people who still do not losing hope on crypto currencies

domerosan10

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yes obviously to invest and want to change the economy. Because if we invest bitcoin, it can be a considerable profit. And bitcoin is the number 1 coin in cryptocurrency, if investing bitcoin can make us rich in the future to come.

Khalp1

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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.

People are still buying Bitcoin because they expected for 10xincrease in its price this year. In a freely traded market this means that at any given point in time there are more buyers than sellers.

John Snow

newbie

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Because Bitcoin will surely give us profit despite of the high price. Also, it is the most accepted cryptocurrency worldwide. Plus it is the basic coin within the crypto system which is almost a requirement to have some in our portfolio. Another thing is that almost all wallets have Bitcoin as their basic currency to be converted into cash. Which is why people continue on buying Bitcoin.

ignacio0404

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Activity: 79

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They are still buying because people are so hopeful with Bitcoin. Though a lot has been making Bitcoin low now, this first cryptocurrency never fail to raise. So to answer that question, many still trust bitcoin and will trust bitcoin.

gjtnwls1

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UNCLOAK™ - Cyber Threat Detection Powered by EOS™

Most of people buy bitcoin, because we all believe that bitcoin will increase more in the future and everyone want to wealthy. Number of bitcoin will be less and less, which mean is the price will go up.

Bugcoin5

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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 think everyone were to purchase Bitcoin as a form of investment and to sell it only when it reaches a new all time high, it doesn't make sense for new individuals to keep buying into Bitcoins for the purpose of selling it to someone else which would pay a higher price

Sabihtikoy

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People are buying Bitcoins to spend with the idea of over taking fiat then there would be more purchase & transactions of it.

RNLCK

newbie

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Many people buy bitcoin for the purpose of profit.And they know the importance of it

serverus

member

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In my opinion people still believe in bitcoin, since in history it continuously repeating to go deep in price then eventually rise again..

roshanface123

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Because they know the importance of bitcoin. That's why they still trying to buy more bitcoins.

#dhabitamartha

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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.

we have to see the energy and time we are doing in bitcoin whether it is appropriate to debit the profit or the profitability but the waste of electricity and the time it takes we have to calculate all that.

Peashooter

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Quote from: emmybd on May 28, 2018, 05:31:15 AM

People are still buying bitcoin, as they have faith in bitcoin. It is getting more and more popular with each passing days. Most people have been investing in bitcoin in the hope that it would pump hard in future and it would be profitable for them.

Yes, I agree of that, cause from the start bitcoin give us good profit and lot's of investors are interested to join in bitcoin to invest in to gain high profit and they believe that bitcoin give them brighter future and success.

kamilah147

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Quote from: AliMan on May 29, 2018, 08:56:28 AM

Quote from: Gahi on May 29, 2018, 07:20:24 AM

Quote from: wallstone on May 29, 2018, 07:13:13 AM

Quote from: ghost07 on May 28, 2018, 05:19:07 AM

They love bitcoin and the trust that they giving is very high thats why they cant stop in buying bitcoins. Another thing that ive notice is they see bitcoin is very profitable.

Yes, I agree of that there are so many investors they believe and trust in bitcoin cause they know it gives lot's of benefits a high income, so that they continuing buying bitcoin for continues income they earn. Bitcoin give them hope to become successful and brighter future.
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Because the bitcoin is a huge profit so many investors and suporters here. So for me the bitcoin can help our lives so many buy it. So we want to lift our lives we only believe in bitcoin.

It's just a proof of how great bitcoin is ata these days. People were still in the market because bitcoin is helping them a lot. It creates a lot of opportunities for them so they tend to invest in it. Only thing that bitcoin is still in demand for many is because of its benefits and help once you have it.

indeed with the bitcoin we get the opportunity of income opportunities, because in every country the number of unemployment is very large so with the bitcoin, then get the opportunity is big enough.

dianajane

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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.

so much is to buy a bitcoin because many believe it even when it comes down because the buyers know that their money is getting back and forth when they sell it and they also know that bitcoin will last forever.

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