Why people are still buying BTC? | Bitcointalksearch.org

hulla

hero member

Activity: 1834

Merit: 566

Quote from: Syella.A on August 17, 2018, 02:18:16 AM

Your rank is Sr member but still asking why do people buy bitcoin?
many reasons people buy bitcoin. one of them because they believe the price of bitcoin will be more expensive. and bitcoin is the best investment asset for now.

I guess you don't all the OP post before jumping into conclusion because the OP point the reason he/she ask the question. In addituon, the OP was curious with the level of support which bitcoin still gain from the community and investors despite the negative/bad message of the government official against bitcoin and the MTgox critized for lags, missing coins, money, delay, and hack issues.

OP, was surprised cause all the mentioned issues are enough to chase cryptonier and the investors away from bitcoin.

kangkilokang

member

Activity: 530

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Revolutionizing Crypto Payment Solutions

Quote from: BCTalkaccountforsale on August 19, 2018, 11:32:21 AM

Bitcoin is one of the top digital forensics in all trading platforms. I think the stability of Bitcoin is the reason for people to invest in it. Up to now, people know bitcoin more than just for its value but also for its widespread use. I hope in the future Bitcoin and other Altcoin will thrive.

there is nothing stable in cryptocurrency, that's the reason for the temporary hype that is always high, whatever happens, many media or even the government always focuses on bitcoin, something impulsive like this coin has a good impact on increasing value

let's say if the world recognizes cryptocurrencies, then bitcoin is the first time bought by many people, and that is very beneficial for the previous holder because of a very significant price increase.

Sharuk9822C

newbie

Activity: 16

Merit: 0

It's a good coin, it's a good investment. Bitcoin invests in making it an asset for people. Today bitcoin prices are low. Therefore people buy bitcoin. Because they believe bitcoin is going to be a big value again a year or so. Therefore, people are investing in bitcoin with a huge profit. Bitcoin coins are the best coins.

BCTalkaccountforsale

full member

Activity: 308

Merit: 101

Bitcoin is one of the top digital forensics in all trading platforms. I think the stability of Bitcoin is the reason for people to invest in it. Up to now, people know bitcoin more than just for its value but also for its widespread use. I hope in the future Bitcoin and other Altcoin will thrive.

eko23

newbie

Activity: 57

Merit: 0

So many people until now still buying btc because the stock btc in market will less every years who make thr price will more expensive

Red Fire

member

Activity: 189

Merit: 28

Quote from: naphto on April 19, 2013, 03:04:15 PM

Hello guys,

To me, it seems pretty strange that people actually continues buying btc now...
I understood why they wanted to invest in btc before, after the Chyprus crisis, and all the articles in the media. But now?

I don't get it.

Bitcoin is useless, and will most likely never be used as a currency. I spent hours trying to get my first bitcoins (satoshi actually), and after working for ages, I only got 0.002 btc, which does not even allow me to proceed to a transaction (the fees are higherthan that amount Roll Eyes

). When you compare it with CC or paypal, it seems that they are free to use in comparison! Not to mention the time required to actually proceed to a transaction which can be anything between 1 minute and ... 1 year (or more?).

The only possible reason I see people are buying btc is that they (truly) believe that the price will increase, and want to make more profit. I think that 99.99 % of the bitcoins exchanged are never withdrawn from the exchangers, and the people are only waiting to make some profits. What makes them believe that the price will rise? Because the amount of bitcoins is limited? Because lost coins can never be recovered? I have no clue.

An other problem is the "mining" part. Soon, the difficulty will increase, CPU and GPU mining will be useless. People will stop mining bitcoins and try LTC or something easy to get... The interest in btc will decrease.

Other issues:
- security. Not a single company was able to provide a "professional" service. Bitcoin-24 has a serious problem ( https://bitcointalksearch.org/topic/bitcoin-24com-matching-engine-seems-broken-site-down-174600 ). Even mtgox was critized for the lags, problems with missing coins, money, delay, and so on ... The hacks are countless (you can see new topics about that every day ...).

I can't see anything positive about btc, and still can't get why people are buying it. Can any captain obvious explains? Thanks.

Bitcoin is the pioneer of all coins that's why they still believe on the capacity of bitcoin. They know that the bitcoins down side is just for temporary. I hope bitcoin price will still increase.

Raven91

sr. member

Activity: 518

Merit: 250

Quote from: naphto on April 19, 2013, 03:04:15 PM

Hello guys,

To me, it seems pretty strange that people actually continues buying btc now...
I understood why they wanted to invest in btc before, after the Chyprus crisis, and all the articles in the media. But now?

I don't get it.

Bitcoin is useless, and will most likely never be used as a currency. I spent hours trying to get my first bitcoins (satoshi actually), and after working for ages, I only got 0.002 btc, which does not even allow me to proceed to a transaction (the fees are higherthan that amount Roll Eyes

). When you compare it with CC or paypal, it seems that they are free to use in comparison! Not to mention the time required to actually proceed to a transaction which can be anything between 1 minute and ... 1 year (or more?).

The only possible reason I see people are buying btc is that they (truly) believe that the price will increase, and want to make more profit. I think that 99.99 % of the bitcoins exchanged are never withdrawn from the exchangers, and the people are only waiting to make some profits. What makes them believe that the price will rise? Because the amount of bitcoins is limited? Because lost coins can never be recovered? I have no clue.

An other problem is the "mining" part. Soon, the difficulty will increase, CPU and GPU mining will be useless. People will stop mining bitcoins and try LTC or something easy to get... The interest in btc will decrease.

Other issues:
- security. Not a single company was able to provide a "professional" service. Bitcoin-24 has a serious problem ( https://bitcointalksearch.org/topic/bitcoin-24com-matching-engine-seems-broken-site-down-174600 ). Even mtgox was critized for the lags, problems with missing coins, money, delay, and so on ... The hacks are countless (you can see new topics about that every day ...).

I can't see anything positive about btc, and still can't get why people are buying it. Can any captain obvious explains? Thanks.

I think it is because they still believe of the ability of the bitcoin. Even if the price is bad before, now the price of bitcoin is continuously increasing day by day. Just have a patience.

Charot12345

full member

Activity: 257

Merit: 102

People continuously trusting and supporting bitcoin that’s why they are still buying it despite of the volatility of its price. They trust that the price of bitcoin will rise up again and again even if it drop down. And bitcoin will never be useless and it was profitable that’s why it became popular. Because of plush bitcoin some people can have money that they can be used on their expenses.

Seeker#9

full member

Activity: 658

Merit: 102

Although it is already considered by some people as obsolete, investors keep on buying it because it is still profitable and many people still earn a lot of money from it. It has the largest market capitalization and a value that many cryptocurrencies are to reach but all of them failed. The bitcoin dominance will continue as long as people believe in its capability to solve their financial needs.

BTC_BTC

newbie

Activity: 158

Merit: 0

Of course, because people still believe in bitcoin, bitcoin is built and grows big by investor confidence factors.
as long as there are those who believe in bitcoin, bitcoin will still exist.

human2021

member

Activity: 116

Merit: 10

Buy bitcoin to earn revenue, as soon as the bitcoin price rises. And people continue to buy bitcoin, because they see that bitcoin has a future in the market.

janjan03

newbie

Activity: 10

Merit: 0

Peoples still buying bitcoin because they can sell it in a high price.

Inasal03

newbie

Activity: 83

Merit: 0

They are still buying bitcoin because of the price of bitcoin they can buy low price and they will earn more to sell it in a high price. So they will have a big money.

Dod Ong

full member

Activity: 323

Merit: 100

Quote from: naphto on April 19, 2013, 03:04:15 PM

Hello guys,

To me, it seems pretty strange that people actually continues buying btc now...
I understood why they wanted to invest in btc before, after the Chyprus crisis, and all the articles in the media. But now?

I don't get it.

Bitcoin is useless, and will most likely never be used as a currency. I spent hours trying to get my first bitcoins (satoshi actually), and after working for ages, I only got 0.002 btc, which does not even allow me to proceed to a transaction (the fees are higherthan that amount Roll Eyes

). When you compare it with CC or paypal, it seems that they are free to use in comparison! Not to mention the time required to actually proceed to a transaction which can be anything between 1 minute and ... 1 year (or more?).

The only possible reason I see people are buying btc is that they (truly) believe that the price will increase, and want to make more profit. I think that 99.99 % of the bitcoins exchanged are never withdrawn from the exchangers, and the people are only waiting to make some profits. What makes them believe that the price will rise? Because the amount of bitcoins is limited? Because lost coins can never be recovered? I have no clue.

An other problem is the "mining" part. Soon, the difficulty will increase, CPU and GPU mining will be useless. People will stop mining bitcoins and try LTC or something easy to get... The interest in btc will decrease.

Other issues:
- security. Not a single company was able to provide a "professional" service. Bitcoin-24 has a serious problem ( https://bitcointalksearch.org/topic/bitcoin-24com-matching-engine-seems-broken-site-down-174600 ). Even mtgox was critized for the lags, problems with missing coins, money, delay, and so on ... The hacks are countless (you can see new topics about that every day ...).

I can't see anything positive about btc, and still can't get why people are buying it. Can any captain obvious explains? Thanks.

Why people are continuously buying bitcoin? Simply because they need to earn money and also it is the best technique to earn more money. They buy bitcoin to sell it in high price, they wait for the right timing when the bitcoin price increase. In that way they can earn more money.

microwave

newbie

Activity: 191

Merit: 0

Quote from: naphto on April 19, 2013, 03:04:15 PM

Hello guys,

To me, it seems pretty strange that people actually continues buying btc now...
I understood why they wanted to invest in btc before, after the Chyprus crisis, and all the articles in the media. But now?

I don't get it.

Bitcoin is useless, and will most likely never be used as a currency. I spent hours trying to get my first bitcoins (satoshi actually), and after working for ages, I only got 0.002 btc, which does not even allow me to proceed to a transaction (the fees are higherthan that amount Roll Eyes

). When you compare it with CC or paypal, it seems that they are free to use in comparison! Not to mention the time required to actually proceed to a transaction which can be anything between 1 minute and ... 1 year (or more?).

The only possible reason I see people are buying btc is that they (truly) believe that the price will increase, and want to make more profit. I think that 99.99 % of the bitcoins exchanged are never withdrawn from the exchangers, and the people are only waiting to make some profits. What makes them believe that the price will rise? Because the amount of bitcoins is limited? Because lost coins can never be recovered? I have no clue.

An other problem is the "mining" part. Soon, the difficulty will increase, CPU and GPU mining will be useless. People will stop mining bitcoins and try LTC or something easy to get... The interest in btc will decrease.

Other issues:
- security. Not a single company was able to provide a "professional" service. Bitcoin-24 has a serious problem ( https://bitcointalksearch.org/topic/bitcoin-24com-matching-engine-seems-broken-site-down-174600 ). Even mtgox was critized for the lags, problems with missing coins, money, delay, and so on ... The hacks are countless (you can see new topics about that every day ...).

I can't see anything positive about btc, and still can't get why people are buying it. Can any captain obvious explains? Thanks.

Prople are still buying of BTC because they know already the possible big profit if bitcoin price start to go higher. Andd not only that because of a low price many people are availed to buy because of a low price value.

Dodongbtc111

newbie

Activity: 167

Merit: 0

People are buying BTC for different purposes. Some is for their own investments and some is to make their money safe and away from their countries economic crisis. Different people different motive this is what makes bitcoin still alive.

nokat

member

Activity: 196

Merit: 10

I personally buy Bitcoin because I want to be financially stable in the near future. It is through bitcoin investment that I find myself in a good state now.

ziac

copper member

Activity: 140

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”Decentralized Digital Billboards”

Those people buying not in support to bitcoin.. Most of those so called buyers bought bitcoin in hopes btc price will double in short most of those who bought want soke interest from their investment in btc

Bitfling

member

Activity: 602

Merit: 10

Quote from: EmJay on August 18, 2018, 02:55:00 AM

I believe people are still buying btc because they think that it is a good investment and the future of btc is profitable. I also believe the same. People trust bitcoin because its been the number 1 cryptocurrency for a long time and the market decline will recover soon.

Most peoples buying bitcoin because they want earn profits from price rising. In this days, peoples do speculate on bitcoin price, but i am prefer to hold bitcoin as long term investment. Many expert from big banks make prediction bitcoin price could reach $25k end this year but looks its hard target to reach

Agapelove

member

Activity: 425

Merit: 10

Traders and investors are buying BTC simply because of their postive outlook on bitcoin. They believe that this dip is an opportunity for better profit. They use the principle buying the dips and selling high.

Topic: Why people are still buying BTC? (Read 13726 times)