Why people are still buying Bitcoin? - page 45.

onrise

sr. member

Activity: 1512

Merit: 316

Quote from: thom88 on May 28, 2018, 05:55:48 AM

The question is why not? Why would you not do it?
I think now its a good time to invest. specially joiners that came at 12k+ should buy now to lower their average price

BTC is still young and the majority does not have any crypto coins

Well said the question should exactly be the same why to stop buying something which is the gold of future and everybody wants to have that gold in future where you can retire rich and enjoy your life. For this you need to invest in something which can give you those returns.

Cacingkemi

hero member

Activity: 1484

Merit: 516

Why conclude 2x profit if growth can be done every day with 3% profit,try 3% it x30 days = 90% its only 3% if it rises to 5% then luck more BTC than gold or silver you compare.Indeed everything is not included smoothly if BTC continues to fall but if calculated by year then BTC is superior to 100% Even more than that.

FrueGreads

legendary

Activity: 1582

Merit: 1059

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.

Well, I don't think everyone is investing for just profit. For me is an insurance if things ever get really bad in the future for our economy. On global crashes people return to gold to keep their money safe. I guess that they will probably return to bitcoin as well when the next crash occurs.

Also bitcoin could really become a reliable currency in the future. If it ever achieves that, it will have to become a global currency, meaning that $16k is just to low. So who cares if it will take 5 years or more. If bitcoin succeeds in it's goals it will be much more valuable than it is now, and it could actually become an option to be used, and not just to be sold for profit. What will a merchant do, when people will start asking to pay with bitcoin and not with anything else?

This is something that I doubt gold will have. People will not start using gold as a currency, but bitcoin will probably take that path and become more valuable and useful than gold.

thom88

member

Activity: 75

Merit: 48

The question is why not? Why would you not do it?
I think now its a good time to invest. specially joiners that came at 12k+ should buy now to lower their average price

BTC is still young and the majority does not have any crypto coins

budiarmed

copper member

Activity: 381

Merit: 1

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.

Because bitcoin is the best coin in crypto and therefore many people still buy bitcoin to make a profit. I myself also still buy bitcoin because bitcoin is a reliable coin.

bitcoinskyrocket09

member

Activity: 239

Merit: 10

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 it is because many people still wanted to earn from investing in bitcoins. It is also an opportunity to easily earn money and especially during times when bitcoin price starts to go up after it has fallen down low. And people also want to just hold longer their bitcoins then wait for it will go up again though it would take so much time.

Sab11

full member

Activity: 524

Merit: 100

io.ezystayz.com

There are alot of opinion why many people still buying bitcoin i think for me one of the most reason is they want to earn huge profit by just buying it and holding for longterm because they see a lot of potiential in bitcoin. Thats why many people still buying bitcoin.

wormgummy019

member

Activity: 328

Merit: 10

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.

In my own opinion, people still buy bitcoin because they have trust in bitcoin. They believe that if they buy bitcoin, their money will gain profit. They need a lot of patience before they get a lot of profit because if they sell their bitcoin immediately they will get a low profit or they may loss money. They still buy bitcoin because they believe in the power of bitcoin.

ShadowBits

hero member

Activity: 994

Merit: 504

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.

Sometimes people just buy because of the hype and they want an easy money with Bitcoin. They don't care about the project and potential about it. They all care about the money.

nipunchathu123

member

Activity: 322

Merit: 10

https://exip.live/

We can buy altcoins from bitcoin. Some altcoins have very great and interesting projects. Some of these altcoins we earn huge profits like 400%,500% sometimes 1000%, 2000% within 1,2 months. Not only from altcoins but also from icos we can earn huge profits. In this year also there were some ico projects that investors earn 1000%, 2000% profits within 2,3 months. Because that, people are still buying bitcoins.

emmybd

full member

Activity: 1218

Merit: 112

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.

Haxor321

sr. member

Activity: 489

Merit: 250

It is simply because they are the true believer and supporters of bitcoin and they really trust it's platform and it's system so even it experiencing a lot of downfall they still believe that it will making it's way to rising up again therefore it's continuously makes benefits and opportunities to us.

judel_2018

newbie

Activity: 87

Merit: 0

Quote from: First77 on May 28, 2018, 05:14:37 AM

Quote from: Harlot on May 28, 2018, 04:38:45 AM

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.

Ripple goes from $0.60 to $6 there is 10 times more money.

Becàuse the price of the market is fall down. It is an oppotunity of the people buy some bitcoin and hold for lo g term and it will use it the needs of the future.

HelenS

newbie

Activity: 70

Merit: 0

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.

A very reasonable answer!

ghost07

sr. member

Activity: 602

Merit: 255

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.

burakdat

jr. member

Activity: 252

Merit: 2

"I invest and Doing Bounty Campaign"

Well we could not be sure if your speculation is right. As we all know the bitcoin market price before drop to 6K USD in the last march and now gaining i guess the baseline is already 7K USD. This is one thing that made bitcoin made a lot of difference from silver and gold. If you will going to compare the market price increase it will clearly be identify that bitcoin has a lot of market increase than silver and gold. So i guess your speculation of the bitcoin market price increase in the next five years is wrong.

First77

member

Activity: 266

Merit: 32

Quote from: Harlot on May 28, 2018, 04:38:45 AM

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.

Ripple goes from $0.60 to $6 there is 10 times more money.

kwarto

newbie

Activity: 168

Merit: 0

we cant stop those people who want to buy BTC because as of today its the most profitable coin in the market. you may not earn 100% in a just a month but you could earn a thousand money in just couple of days if you have big capital it will also means big profit.

crazymelons12

jr. member

Activity: 238

Merit: 4

It is because many still wanted to earn from investing in bitcoins. It is for them an opportunity to easily earn money especially during times when bitcoin prices starts to go up after it has fallen down low. But others also had bad experiences due to bitcoin being so unpredictable. But if you should just hold longer it will go up again though it would take so much time.

zalizoll

newbie

Activity: 115

Merit: 0

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.

Topic: Why people are still buying Bitcoin? - page 45. (Read 3028 times)