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Topic: Why people are still buying BTC? - page 108. (Read 13729 times)

full member
Activity: 362
Merit: 100
May 01, 2018, 06:48:39 AM
You said in seven point that btc isnt sotre of value, but let me ask, how did you think dollar got its own value? How did other currencies got it also? Everytime its the same way
newbie
Activity: 252
Merit: 0
April 30, 2018, 10:34:34 PM
Many people are still buying bitcoin because they know that by buying and investing it will generate profound profits and this is very promising. So no wonder bitcoin prices have a very high value, and they believe that bitcoin is the virtual money of the future.
newbie
Activity: 67
Merit: 0
April 30, 2018, 07:50:28 PM
People still buying bitcoin because they believe on it and they know what bitcoin can do to their lives. Bitcoin is not an ordinary altcoin or crypto currency but this is a new platform of investment which it can double or triple your investment as long as you have patience waiting til the price pumps up.
newbie
Activity: 111
Merit: 0
April 30, 2018, 07:42:43 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 I think that 99.99 % of the bitcoins exchanged are never withdrawn from the exchangers, and the people are only waiting to make some profits.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 bitcoin is the long term invesment. Many people want to get alot benefit, so they are participating in bitcoin. I  personally believe that bitcoin is the future technology. I believe bitcoin. In the future it will helpful.
full member
Activity: 378
Merit: 100
ADAB ADAB ADAB ADAB
April 30, 2018, 07:30:50 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 really good for long term investment and those who did not invest on bitcoins will really regret the days that it was cheaper since the price is keep on growing as the time goes by on the market.
full member
Activity: 742
Merit: 102
April 30, 2018, 06:51:01 PM
Because it's the less volatile coin amongst crypto, it's a good way to store money in, also with a possibility of generating profit.
the fluctuating nature of bitcoin also makes many people afraid to invest bitcoin, I think only certain people dare to invest bitcoin. requires a strong mentality and tremendous patience.
newbie
Activity: 127
Merit: 0
April 30, 2018, 06:23:26 PM
People are getting attracted to bitcoin because bitcoin has started worldwide i think. So that's the first reason i can tell why people buy bitcoins.
newbie
Activity: 14
Merit: 0
April 30, 2018, 06:20:13 PM
people still love to buy bitcoin, because bitcoin prices are still cheap
buy bitcoin now that the price is still cheap I think someday will get a lot of profit
because I believe the bitcoin price will be higher as in 2017
member
Activity: 350
Merit: 15
April 30, 2018, 06:15:23 PM
There is nothing strange. Bitcoin is still the strongest cryptocurrency. It is better for me to hold btc, not alternate cryptocurrencies. That is only my opinion.
full member
Activity: 602
Merit: 118
April 30, 2018, 05:44:29 PM
Why people are still buying BTC?

Because bitcoin is the only crypto that is safe well established easy to obtain and profitable.
The bitcoin system's very secure, wich the unsafe is the user and the money exchanger.
You can get bitcoin by buying and mining.
I see from the media developments that cover the enthusiasm will bitcoin everywhere will create a very high demand.
Although bitcoin often decreases, its value continues to grow from year to year.
newbie
Activity: 98
Merit: 0
April 30, 2018, 05:28:55 PM
Maybe because BTC still has a good investment value and can be profitable. So there are still many people who believe to buy BTC as an investment to be withstood in the long term.
jr. member
Activity: 308
Merit: 5
April 30, 2018, 04:43:04 PM
Why people are still buying BTC?,   simply because they believe in BITCOIN.  Price of Bitcoin maybe down now but it always go up later and people who are familiar with the trend knows this, that is why they believe in Bitcoin.  Bitcoin is here, and it will stay. In the near  future, I believe, cryptocurrency will be a household word because people will use it in their everyday life.
member
Activity: 149
Merit: 12
April 30, 2018, 04:25:31 PM
Because it's the less volatile coin amongst crypto, it's a good way to store money in, also with a possibility of generating profit.
jr. member
Activity: 196
Merit: 3
April 30, 2018, 04:13:13 PM
People are still buying bitcoin because they are hooked by the idea that it can give them richness and be able to gain huge profit. I agree with your statement. Actually, I am more investing in other altcoins rathef than bitcoin because they are more profitable and affordable.
full member
Activity: 1554
Merit: 101
April 30, 2018, 04:06:44 PM
yes of course to make a profit if not why they want to put their money there, come on bung open your eyes bitcoin the first time out in 2009 it cost about 1 $ now in just 8 years he was able to reach the highest point that is 19,600 $ can you imagine how much% the rise, so your remarks about him are not worth it or anything I think people have missed buying it, and keep it
newbie
Activity: 78
Merit: 0
April 30, 2018, 02:29:28 PM
I am buying bitcoin because I need to pay something in bitcoin or purchase other crypto as an investment. I consider bitcoin as a currency and not an investment form, but I trade on it sometimes. It gives me small profit sometimes.
member
Activity: 574
Merit: 10
April 30, 2018, 02:23:43 PM
bitcoin is one of them in the form of investments and transactions, for me bitcoin is also profitable to earn big income, because bitcoin is also very promising in the future.
jr. member
Activity: 140
Merit: 1
April 30, 2018, 02:14:19 PM
Isn't it just a question of strong belief in benefits that bitcoin / blockchain technology can bring to the society? I am buying bitcoin and will continuously keep doing it since I believe in this technology and there are few things that can stop me from following my way.
newbie
Activity: 105
Merit: 0
April 30, 2018, 02:11:55 PM
Everyone has their own reasons. Some people think that the price of bitcoin will rise in the future and they will earn their profits with it.

I agree with this comment. They have not losing their hope to earn more money in bitcoin because of its popular and big chance and easy to earn money.
newbie
Activity: 84
Merit: 0
April 30, 2018, 01:52:58 PM
Everyone has their own reasons. Some people think that the price of bitcoin will rise in the future and they will earn their profits with it.
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