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Topic: Why people are still buying Bitcoin? - page 46. (Read 3028 times)

hero member
Activity: 1806
Merit: 672
May 28, 2018, 04:38:45 AM
#5
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.
member
Activity: 238
Merit: 38
May 28, 2018, 04:33:54 AM
#4
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.

Most of the people buy it because of the hype and speculation in place. Which means if everything plays out right you would not have to wait 5years for it to hit 16k$ but less time. However that's why bitcoin is seen as an investment with high risk. Other people might buy it because they use it for other purposes rather than speculation. So you either buy bitcoin because you believe in it, you are using it in one way or because you like to gamble.
member
Activity: 266
Merit: 32
May 28, 2018, 04:30:44 AM
#3
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!

Ripple is $0.60 and it will be $6 to $60 in 1 to 4 years. Ripple is heavily centralized, working with big banks and money transfer companies like Moneygram and Western Union. Is this true ??
sr. member
Activity: 686
Merit: 250
May 28, 2018, 04:29:09 AM
#2
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!
member
Activity: 266
Merit: 32
May 28, 2018, 04:25:11 AM
#1
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.
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