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Topic: Why people are still buying Bitcoin? - page 4. (Read 3028 times)

jr. member
Activity: 185
Merit: 5
June 01, 2018, 10:56:50 AM
It's because bitcoin's value will always increase and still hasn't reached its all time high and supply limit.
full member
Activity: 231
Merit: 100
June 01, 2018, 10:55:51 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.

That is not independent it's value may vary it's price is uncertain,no one can guarantee how well it's price going to vary. Still people have hopes for bitcoin.
member
Activity: 350
Merit: 13
June 01, 2018, 10:47:57 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.
this may be a reasonable prediction, but cryptoes are especially bitcoin full of surprises and sometimes beyond our reasonable predictions, we know by the middle of 2016 when bitcoin is still worth $ 565 we never realized at the end of 2017 could be worth 20k $ and it does not take 5 years to earn 40-fold profit and this is the reason many people to buy bitcoin
full member
Activity: 350
Merit: 100
June 01, 2018, 10:46:36 AM
Well you are right by saying that you can only make 100% if the price of bitcoin get to $16,000 that is if someone invested at the rate of $8,000 per bitcoin. Now look at this, for passed few months ago. The price of bitcoin have been been falling down bellow $7,200 and have also be rising up above $8,500 withing interval on two to three weeks. If you check out the difference is $1300 that mean if you buy bitcoin whenever the price falls bellow $7,200 and get ready to sale whenever the price rises above $8,500 you will realize that you make more that $8000 profit before an interval of one year.
newbie
Activity: 4
Merit: 0
June 01, 2018, 10:37:38 AM
Why do people still buy bitcoin in my opinion anyway because the bitcoin is still widely trusted by many people because bitcoin still provides considerable benefits in my opinion
jr. member
Activity: 181
Merit: 3
June 01, 2018, 10:35:56 AM
because they put great hope to achieve a brighter and better future. because investment in bitcoin is very profitable in a short time the word can already become a millionaire .
member
Activity: 97
Merit: 10
June 01, 2018, 10:32:18 AM
If They Buy Bitcoin in Year 2009 And They Sell In 2017 Maybe Now They Have Become Bio-Coin billionaires Now So If They Buy 10 Btc Harag Time $ 1 And They Sell At A Price Of $ 16000 That's A Very Good Advantage Thanks to Bitcoin They Can Help Their Family
full member
Activity: 616
Merit: 100
June 01, 2018, 10:32:03 AM
the people still buy a bitcoin because they still believe with bitcoin, its mean if the bitcoin is going high or low the bitcoin holder will still buy a bitcoin and hold a bitcoin as their investment and as their currencies, and they believe if the price of bitcoin going down, it will recover as soon as possible, and if the bitcoin rising up it will rise more than that value
newbie
Activity: 154
Merit: 0
June 01, 2018, 10:27:58 AM
bitcoin is still sufficient to rely on long-term investments, as it is supported by its many ICO programs from allcoin, which is certainly potentially making bitcoin prices rise in the not-too-distant future.
member
Activity: 266
Merit: 32
June 01, 2018, 10:25:38 AM
Somehow everyone buying bitcoin now seem to assume it would moon in the month of June. So they believe it's a worthy investment now

$1,000 to $10,000, Bitcoin has gone to the moon. Now it is coming back to Earth.  Smiley
copper member
Activity: 224
Merit: 3
June 01, 2018, 10:21:34 AM
Somehow everyone buying bitcoin now seem to assume it would moon in the month of June. So they believe it's a worthy investment now
newbie
Activity: 6
Merit: 0
June 01, 2018, 10:19:43 AM
I still buy bitcoin for longterm investment. The way may be bumpy now but this is for our future anyway.
member
Activity: 322
Merit: 10
June 01, 2018, 10:14:09 AM
it's defienitely true that bitcoin has a lot of risk. especially the price that is hard to predict by anyone. therefore do not let you invest in bitcoin without thinking about tricks and science how to invest right.
full member
Activity: 494
Merit: 100
June 01, 2018, 10:09:56 AM
they buy a bitcoin because bitcoin price is so low that now so buy bitcoin is great now your profit is getting bitcoin so you do not have to bitcoin bitcoin bitcoin so much you earn you do just hold it so much year and do not panic selling so you do not get mad
full member
Activity: 336
Merit: 100
June 01, 2018, 10:06:00 AM
because this is the way to invest with bitcoin, now is the best way to buy bitcoin because now the bitcoin price can be said to be experiencing a drastic decline. now they are waiting for the right time for the sale.
jr. member
Activity: 56
Merit: 2
June 01, 2018, 10:02:13 AM
A lot of people missed it: Another Bitcoin journalist is on the record as saying he didn’t initially expect digital currency to have any more staying power than the fad for pet rocks. Way, way more people missed the boat than got onboard—and plenty of early passengers bailed out when the going got rough. Even the ship’s crew (to stretch this metaphor to the breaking point), which is to say the early adopters and Bitcoin miners and startup founders and software developers who were advancing and advocating for the technology back then, had no guarantee they wouldn’t run aground. Along the way, there were plenty of reasons to doubt Bitcoin’s success: There were price bubbles and crashes and scams and arrests and epic meltdowns, which is what made it such an engaging story to tell.

While it may be too late to make a pile of money on Bitcoin, cryptocurrencies and blockchain technology have a lot of room left to run. The speculative frenzy and resulting press has obscured just how remarkable these innovations are, how smart and hardworking many of their creators are, and how varied and significant are the needs and problems—techies call them “use cases”—they are trying to solve. This isn’t investment advice, but anyone with an interest should not only research Bitcoin but look beyond Bitcoin to other projects, such as Ethereum, Dash, Zcash, Golem, Augur, and SALT. Some are trying to be a powerful new medium of exchange, while others are meant to power software applications or provide users with new financial tools. Many are still early, too early to have proven themselves, but the excitement among those in the know is palpable.
sr. member
Activity: 560
Merit: 250
June 01, 2018, 09:47:56 AM
The main reason and the biggest people buying bitcoin is because it hopes to get a big profit and in a fast time, what happens with bitcoin is a phenomenon because the number of users is soaring dramatically and result in skyrocketing prices.

Everyone still has hope for a good profit in the future because with the hope of making the magic that everyone wants in the future develops Bitcoin.
jr. member
Activity: 308
Merit: 5
June 01, 2018, 09:44:36 AM
Let us considered those people who buy bitcoin when it was 20k. It seems unfair if we compare the price now $7,589 from $20,00. No profit but more loses. I don't know how those people will overcome the feeling of loses and seems no hope at all.
jr. member
Activity: 168
Merit: 1
June 01, 2018, 09:39:11 AM
People are still buying bitcoin because in bitcoin you can earn big, but in earning big you have to study it first. If you do not know bitcoin you cannot earn big. In bitcoin you can earn by selling and trading it but if you want to buy, you have to buy it with a low peice so that you will earn big. You have to study hodling too because if you know how to do hodling you will also earn big from hodling. Many are doing trading because trading is the fastest and biggest way to earn in bitcoin, selling is the next way to earn big, in selling btc you have to check the price first and look at the latest highest price of btc then you have to wait till the price rich the lastest high value of the btc or higher than the last btc value. Last is hodling in hodling is the slowest way to earn btc you have to way for months or years to earn big profit.
jr. member
Activity: 196
Merit: 6
🚀🚀 ATHERO.IO 🚀🚀
June 01, 2018, 09:38:59 AM
Because bitcoin has a big benefit to the bitcoin users especially the investors in bitcoin. It changes the lives of the bitcoin users because we can earn money fast and easily. This is the best among all other coins out there. Because in here, we can invest and make money out of it without any limitations.
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