Why people are still buying Bitcoin? - page 8.

Labay

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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.

Bitcoin was like that, every year the bitcoin was pump because when you check the chart every year then you compare it to every year, you can see that it pump and the holders get some profit.

Bitcoin was different from gold or silver because the bitcoin was easily to dump and also pump and it is good for some person who have some knowledge about bitcoin because you can get more profit using trading.

IndigoRed

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Bitcoin is gaining a lot of popularity and more speculators see its potential growth. But as the saying goes " Don't invest in bitcoin (or anything for that matter) to become an overnight millionaire." Study the market and always be updated with crypto news.

goodfortune2018

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Quote from: oracleongoodbye on May 31, 2018, 11:38:29 PM

For me, why people are still buying bitcoin because of the main reason, they can still profit from it, and they want to use it because of bitcoin’s capability. Many people or users purchase bitcoin because they can even earn money on it if you can profit a massive amount of money even bitcoin’s value is fluctuating too much why you will stop. The over factors is there are grabbing this opportunity to buy bitcoin at a low amount and sell it to their effective rate. The last reason is maybe they want to use bitcoin we all know that bitcoin’s acceptance in big, in terms of payment system, because most of the establishment now know about bitcoin and some of them accept bitcoin as a payment, less transaction, and hard work to some users if they are using bitcoin, like no more queue.

I believe people are still buying bitcoin due to its cheap price because they are thinking that bitcoin will surely recovers its previous loss due to its popularity and once the market increases it should be a big gain for all.

oracleongoodbye

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For me, why people are still buying bitcoin because of the main reason, they can still profit from it, and they want to use it because of bitcoin’s capability. Many people or users purchase bitcoin because they can even earn money on it if you can profit a massive amount of money even bitcoin’s value is fluctuating too much why you will stop. The over factors is there are grabbing this opportunity to buy bitcoin at a low amount and sell it to their effective rate. The last reason is maybe they want to use bitcoin we all know that bitcoin’s acceptance in big, in terms of payment system, because most of the establishment now know about bitcoin and some of them accept bitcoin as a payment, less transaction, and hard work to some users if they are using bitcoin, like no more queue.

marlonbatotoy

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There still have believer that there is chance to increase the value of bitcoin because last year it reached 18 thousand dollars. And now the value dropped .. I think more buyers and keepers..

Sir Paijoe

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Quote from: jcarlo on May 31, 2018, 09:56:56 PM

Quote from: wasaisi on May 31, 2018, 05:21:49 PM

Because they still believe in bitcoin and bitcoin prices will increase again someday. And also bitcoin can change the economy of someone who uses the bitcoin.

People buying on bitcoin because they believe that bitcoin is future currency. In internet world, need currency that can give faster transaction and have lower fee than bank and bitcoin provide it. Beside that, peoples believe that bitcoin will bring big profits and thats why peoples always keep buying on bitcoin

Of course the reason people who buy bitcoin because they think that buying now at a low price will make getting big profits and high return coming soon, of course everyone is optimistic with the future bitcoin.

sinthia1234

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People buying on bitcoin because they believe that bitcoin is future bitcoin.Bitcoin prices will increase again somebody.Bitcoin can change the economy of someone who uses the bitcoin.

befriendmywater

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People buy more Bitcoins because they know the potential of Bitcoin. Bitcoins deserve to be accepted around the world because they help solve billions of transnational transactions.
Blockchain technology is excellent and it will be developed and protected in the future. I still hold Bitcoin and always buy more because I know the potential for its development.

Punisherx100

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Because there is a record that bitcoin hit almost a million when in fact on its early years it just cost like 0.50 dollars its like a negative amount or doesn't have value at all but look at what bitcoin reached now. Although, bitcoin has its highs and lows. it will surely never lose. its either on this year low next 3 years very high. Many of us bitcoin community users or the people who still buying the bitcoin have faith that it will double the price in the future when they avail it right now.

jcarlo

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Quote from: wasaisi on May 31, 2018, 05:21:49 PM

Because they still believe in bitcoin and bitcoin prices will increase again someday. And also bitcoin can change the economy of someone who uses the bitcoin.

People buying on bitcoin because they believe that bitcoin is future currency. In internet world, need currency that can give faster transaction and have lower fee than bank and bitcoin provide it. Beside that, peoples believe that bitcoin will bring big profits and thats why peoples always keep buying on bitcoin

Dava.Dina

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Maybe they still want to get more in investing in Bitcoin. Because the world of Cryptocurrency became popular, many now believe it.

And I also hope that bitcoin prices do not stop at this place and the price will once again start to increase in value, I still believe that BTC will increase by more than $ 30,000 by the end of the year.

Df9898

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because the value of bitcoin it high and will increase steadily.

artichandra

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Existing confidence is the answer to why they are still buying bitcoins. Because they believe that bitcoin will rise in its price in the future later. And I hope it becomes a fact that bitcoin will rise in price.

Coleen

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It because bitcoin has a high standard in market so people still buy on it, it has a good profit buying bitcoin because when u sold its profitable for us.

Serenar

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Bitcoin is King of cryptocurrency. All imagines on the bitcoin that as trust into the development of Cryptocurency and they buy bitcoin.

Phyton76

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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.

Every investment is risky and does not have assurance to stably grow at 25% or 35% rate even in gold or silver. There are so much opportunities in buying bitcpin other that that investment. You can pay using bitcoin but you cannot use gold or silver in paying your coffee or meal. So do ot compare bitcoin from silver and gold because they are very different.

MyIdeas

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Quote from: Underlord on May 31, 2018, 05:43:45 PM

Bitcoin prices will increase in the future according to them as it is then they are still buying bitcoin to be resistant in a long time. And I hope too that bitcoin will be more valuable in the future.

yes they are buying for that reason and I also have expectations that the price of bitcoin is not stopped at this place and the price will once again start to increase in value. I have my money in bitcoin from a longer period and I am feeling as lucky to have my money in bitcoin. In this time when many people have worry about their bitcoin. I have my own in them without any worry and I also buy some more whenever I get some money.

Wylie330

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New Era of Freelancing

As cryptocurrency world becomes popular, many are now becoming a believer. Though there are still many people that don't understand the true concept of Bitcoin and other cryptocurrencies. But then, I think people still buy Bitcoin not only because they believe in the future but because of profit and gain. Becuase some are just going with the flow. They just want a quick profit.

syamster

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Quote from: aji567 on May 30, 2018, 04:32:50 PM

Because bitcoin makes it easy to transact quickly and its many benefits, especially to invest in the long term and short term. Bitcoin prices are also unpredictable so many people are interested in buying. The level of bitcoin security is unquestionable.

Fair enough it is not lose time as now price of bitcoin is getting better which is the reason for people to buy bitcoin right now, as time passing bitcoin is getting valuable in rating and price will be high as everyone knows, people are buying to make better future as bitcoin is able to be trusted blindly if you are skilled and buy at low to sell at high, at the time of dump have patience and at the time of high price you can sell to earn highest profit ever.

Qeupe

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They still want to believe bitcoin will increase in price in the future hence they are still buying bitcoin by investing in it and they will hold for a long time.

Topic: Why people are still buying Bitcoin? - page 8. (Read 3029 times)