Pages:
Author

Topic: Why people are still buying Bitcoin? - page 36. (Read 3028 times)

full member
Activity: 714
Merit: 160
They buy because they trust the power of Bitcoin. Bitcoin still has a huge potential in the future. Also, Bitcoin price is still expensive and still profitable to long-term invest because price can be growth sometimes.

many altcoin prices depend on bitcoin price if Bitcoin price decreased many altcoin will follow.
newbie
Activity: 120
Merit: 0
Why because they are satisfied with bitcoin.

Bitcoin has become unusable as a currency

Bitcoin transaction fee is currently over $30

There are currently 240k unconfirmed transactions.

It could take a year or two before Bitcoin adopts the Lightning Network (there is no release date or road map).

Bitcoin mining has a massive carbon footprint.

I just can't see much value in Bitcoin anymore. It certainly isn't a store of value. What are your opinions?
newbie
Activity: 266
Merit: 0
Because bitcoin is a good coin and also bitcoin is the future and they know that bitcoin has a potential thats why many people are still buying bitcoin and hold it to see their profit after holding it.
hero member
Activity: 1890
Merit: 831
You are definitely new in this sector and a late investor.
You should know that the price of Bitcoins can essentially double ! In even a month , it's totally unpredictable and gold and silver ? Seriously ?? Gold and silver increase in price no doubt but still you won't be able to double your profit ( my family engages in gold business so I can say I know a little ) , the price of gold and silver increase upto 2%-3% in months and it also goes down, it's in no way can compete with Bitcoins when we take the profit as the sole criterion.
member
Activity: 84
Merit: 10
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.
I think what you say is true, besides profit, users who buy bitcoin want bitcoin to be a legitimate currency recognized by the state, so that the bitcoin movement in the market will be as stable
newbie
Activity: 196
Merit: 0
because the value of bitcoin it so high that many people want buy it and people know bitcoin will up the price.
full member
Activity: 364
Merit: 100
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.
newbie
Activity: 100
Merit: 0
it's because bitcoin is stable and there is no engineering or fraud in it, people still believe in bitcoin to raise its assets, I'm still investing in bitcoin for the long term.
newbie
Activity: 34
Merit: 0
People are buying bitcoins because there is still lot of room fro growth. Also, investing in bitcoins is much more safer than investing in any other alt coin.
full member
Activity: 355
Merit: 102
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 because of believing that bitcoin can give huge profit thus make people rich and free from financial problems. Bitcoin is really a good investment and to those who engage will have good profit someday.
buy at a low bitcoin price and sell it when the bitcoin price is high. buying bitcoin is a good thing and normal for someone because by buying they can get bitcoin easily.
member
Activity: 266
Merit: 32
i think because of its great potential an because its number one coin in the word,,,so many people make huge investment in it

Now 0.1 Bitcoin = $700  Roll Eyes  I work as an online worker and I get $2/hour to $4/hour work only. I earn $100/month to $200/month only.
newbie
Activity: 27
Merit: 0
i think because of its great potential an because its number one coin in the word,,,so many people make huge investment in it
newbie
Activity: 97
Merit: 0
Maybe one of the reason is they still believe to this system even there are a lot of negatives news and articles are spreading everywhere. Some of us are really embrace and supporting it because for sure there are a lot of better and good things that bitcoin gives to them and maybe they appreciate and giving importance the presence of it into their lives. And even they are experiencing difficulties they are sure that after that there will be a much better movements are soon to happen.
member
Activity: 252
Merit: 17
It is just basic that people are still buying bitcoin because it is still profitable and gives a lot of good benefits. If you are not aware people are also buying bitcoin because they use bitcoin as a payment to their payments for their transactions. Nowadays almost all of the industries are associated with bitcoin just like paying your bills, buying airplane tickets and you can also book or reserve on hotel by the use of your bitcoin. In this current state of bitcoin it is not questionable that many people are still interested in buying bitcoin because they have a lot of choose or things to do with this.
hero member
Activity: 2590
Merit: 644
Because it is now low and that is the reason or signal for them to keep buying bitcoin while it is low because when the bull run starts then the market will just keep on going up and that will become the time for them to experience a lot of profit because the price of bitcoin might be doubled from the current price right now.
member
Activity: 139
Merit: 11
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.

Well people who still buy bitcoin are reasonable. They are still hoping that somehow bitcoin price will goes up and they expect it as they take the risk by buying. So they take it as their betting on their money that somehow, someday bitcoin price will goes up and they can gain the profit that they want or expected. This is one of the reason why people still buy bitcoin despite the price is large but not that large compare to its highest price.
sr. member
Activity: 756
Merit: 250
It's time you can buy some bitcoin, in because the price is still down, and you can wait a few months later, bitcoin prices will soar, I'm sure that in this year there will be an increase of about 15000 $.
member
Activity: 127
Merit: 10
Global Risk Exchange - gref.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.
Their are some people are still buying bitcoin because they have faith that bitcoin will recover from fallen. Their dont lose their hope. So that they buy and buy bitcoins until the right time bitcoin wi rise up again.
full member
Activity: 266
Merit: 100
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.
because people trusts bitcoin tjey think that they will get rich or they will gain more profit when investing money using bitcoin
jr. member
Activity: 148
Merit: 1
Many investors are still believing in bitcoin and also their now that bitcoin will recover and rise again soon thats why many people are still buying bitcoin and also we know that bitcoin is still the king coin
Pages:
Jump to: