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Topic: Why people are still buying Bitcoin? - page 41. (Read 3028 times)

newbie
Activity: 135
Merit: 0
Even if you preferred Gold or Silver there is no guarantee that they will earn a stable growth of 20% to 35% investments don't have any assurances and to give you a brief history Silver was valued more compared to Gold, look at where they are now? This give as an understanding that in the future there are really no guarantees on what will happen to their prices. And in Bitcoin you don't need to wait for it to go to 16,000$ to double your money, you can buy and sell it even with just a 100 or 200$ price decrease in increase, you will be surprised on how fast you will double your money in that technique compared to waiting it off on big target price.
The "Gold standard" dominated as long as people could increase gold production on a par with the growth of the world economy. And Bitcoin has the same problem. Firstly Bitcoin mining is a long process. Secondly, the amount of bitcoin is limited. Therefore, maybe Bitcoin will follow in gold footsteps.
newbie
Activity: 140
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.
People still buy bitcoin because the current bitcoin price ranges from 7000 to 8000 dollars is an opportunity for investors to invest them cheap so they still believe and buy bitcoin at this time.
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newbie
Activity: 252
Merit: 0
Buying bitcoin is an investment. People are still now buying bitcoin because of its bright future.
full member
Activity: 564
Merit: 100

Because they have believed that bitcoin will provide an income that can be expected to cover all its needs.
Fluctuating bitcoin makes the fans can not move to another heart.
People still believe bitcoin will grow back. The demand for people's bitcoin is very high. A lot of people want to make money from bitcoin, investing in bitcoin can earn quite high profits.
hero member
Activity: 742
Merit: 500
Besides as an investment tool bitcoin also is a payment method this is the reason why do people still buy it whatever the price is, nowadays people prefer to pay something online with bitcoin rather than another payment method such PayPal due to its simplicity. On the other hand, people believe in bitcoin, they think that it would be skyrocket in a few years. I personally keep buying bitcoin as much as i can and hold them as a long term investment, I strongly believe that the value will increase,Well I won't miss that moment.
full member
Activity: 361
Merit: 100
A wise invester will try to buy bitcoin at the possible lowest price, But the current bitcoin price is +7K USD the bitcoin market is in the bearish trend. people are still buying bitcoin due to its positive characteristics and it is a new form of economy and its concept is against the current economy in which we are following at present.The educated mass of the global community is mostly attracted by the bitcoin to invest suitably to the lowest price.
newbie
Activity: 154
Merit: 0
May 28, 2018, 09:51:05 AM
#99
A very long time bitcoin playing an important roll in crypto world.its the most expensive and most popular coin of this world.before some days it was bery expensive like 2000 plus dollar but now its cost came to less than before.forget avout the risk. people are vuying bitcoin untill now because they think that bitcoins price will increase very soon.and if that is they will get. a big profit from it..
tgere are also many reasons ans it has same demand untill noe..
so people still buying bitcoin.
copper member
Activity: 262
Merit: 1
May 28, 2018, 09:50:57 AM
#98
bitcoin is the great project and they bring an awesome technology.Now bitcoin is one of the most profitable platform and people believe in bitcoin,
 so people are still buying bitcoin.
newbie
Activity: 26
Merit: 0
May 28, 2018, 09:49:04 AM
#97
You are right to some extent, bitcoins are quite costly now. One can get better returns in case of alt coins now which are cheaper and have more room for growth. .
jr. member
Activity: 122
Merit: 2
May 28, 2018, 09:45:24 AM
#96
Well we all still buy Bitcoin in a way as long as we trade cryptocurrencies as Altcoins. The idea of trading Alts against BTC is that it indirectly increases the quantity of your BTC making it possible to have more profit when the BTC price moves higher
newbie
Activity: 128
Merit: 0
May 28, 2018, 09:43:42 AM
#95
Most people buy bitcoin with the desire to sell it profitably in the future. It is considered as a long-term investment. And if you want to buy altcoins, you need to have bitcoins on the balance. Bitcoin as the main and the first cryptocurrency. And all other coins are traded in pair with bitcoin.
newbie
Activity: 98
Merit: 0
May 28, 2018, 09:42:02 AM
#94
intelligent people buy bitcoin because they know that there will only be 21 million btc, instead gold and silver in 5 or 10 years we may discover a huge amount of gold and silver hidden in the earth and consequently the price of gold and
sr. member
Activity: 2016
Merit: 283
May 28, 2018, 09:39:32 AM
#93
Actually mate most holders nowadays in the market already know how the market plays which is after the dip the growth rate of bitcoin will climb again or rocketed , that's why more people always panic buying after the dip which is besides of being so cheap and affordable surely there will be a huge profits in the future.  
full member
Activity: 340
Merit: 100
May 28, 2018, 09:37:08 AM
#92
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!
Yes, bitcoin is a good source of income in some ways including buying btc. Remember the technique buy at low price then sell at high value. In this case, you can assure that those.investments will generates profit in you. And it is good to buy now since the value is very low. Which may result a higher income.
full member
Activity: 490
Merit: 100
May 28, 2018, 09:33:04 AM
#91
Many people believe Bitcoin to be profitable and strong even in future. Bitcoin serves them as a store of value in that the value of bitcoin will rise to give them value for whatever it was traded for.
newbie
Activity: 112
Merit: 0
May 28, 2018, 09:28:55 AM
#90
It just because we believe on bitcoin that can change the world,in the near future ,and now its the right time to buy because its cheap,and also more viewers there are involve to bitcoin,either investment or either trading market.


newbie
Activity: 210
Merit: 0
May 28, 2018, 09:26:55 AM
#89
investing in bitcoin is actually an asset for the future, why? because the price can not be predicted.
Essentially if you are hoping for a definite and predictable profit you are investing in gold or silver for that you do not expect an abundant profit from bitcoin if you are expecting a big profit with a definite time. just be patient and thoroughly read the market price that makes you rich from bitcoin
hero member
Activity: 994
Merit: 502
May 28, 2018, 09:25:28 AM
#88
From an article came to know about a personality who had mined 7500 btc in a week when there were just six members mining it with normal GPU mining. Just think about the value at present, but he lost the thumb drive that has the private key. Such stories truly make people think about the benefits it can provide if we have trust over it. This is the one that makes the people have hope for the future and continue buying bitcoin.
member
Activity: 120
Merit: 10
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May 28, 2018, 09:24:36 AM
#87
They still buying bitcoin because they believe that they would have an income from it. They believed it will help them for thier needs as well as wants, they also believed by means of this currency it has a chance to become a millionare in the right time.
member
Activity: 294
Merit: 17
May 28, 2018, 09:23:27 AM
#86
People are still buying bitcoin because they are the ones who truly believe on bitcoin. Even I believe on bitcoin because I know that this pump and dump in price is already natural to happen. I will stick into buying bitcoin whenever the price goes down.
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