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Topic: Why people are still buying BTC? - page 110. (Read 13729 times)

member
Activity: 98
Merit: 10
June 20, 2013, 04:46:08 AM
#85
People buy it to use as a store of value too, especially if you see now, Gold is down, Bitcoin is up, USD is up, we win on both fronts.
legendary
Activity: 1148
Merit: 1001
June 19, 2013, 09:24:00 AM
#84
I am very excited about BTC for numerous reasons but I already have practical reasons to be excited.  I will be saving an easy $100 in a month when our family goes on vacation on exchange fees.  How?  We are going to meet up with a local resident and exchange our BTC for fiat and save ourselves the expensive fees banks will charge us for doing that.  Smiley  We are also looking for restaurants that will take BTC so we do not have to pay exchange fees as well.  Already, I am really happy to have BTC, and this is just one little example.

Where are you going to find a local resident to exchange fiat with you though? I'm just curious if there is a current way to do that as of now.

Just search here:

https://localbitcoins.com/sell_bitcoins
full member
Activity: 151
Merit: 100
June 19, 2013, 08:58:36 AM
#83
Anyway,
Why are people still buying cigarettes?
Why are people still trying to make nuclear warheads?
Why are people trying to kill each other for no good reason?
Why are people unable to think?

etc.

These are the questions that need an answer more than "Why are people buying BTC?"
..."Why not? Why should it concern me?"
full member
Activity: 151
Merit: 100
June 19, 2013, 08:45:22 AM
#82
I understand exactly how bitcoins works, how mining works ...
What I don't understand is why the price is so high (~ 90 euros). It does not make sense to me.

So, make it simple: what makes that high price? High supply.
Where did it come from? And why?

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The more you sell, the more it costs, certainly the Diamond federation has a lot to learn from your powerful wisdom.
hero member
Activity: 886
Merit: 1013
June 19, 2013, 08:26:55 AM
#81
I know it's hard to comprehend for some, but bitcoin has utility (additionally to the speculative nature), hence the demand. ;-)

hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
June 19, 2013, 08:09:45 AM
#80
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.

Here's why my brother is getting into it. He has a disability and collects disability, but they monitor his bank account and if he has too much they cut him off. So he can't save a small amount for future hardships. Bitcoin gives him that option.

Related to the discussion in these two threads:

https://bitcointalksearch.org/topic/bitcoin-as-a-savings-account-205597
https://bitcointalksearch.org/topic/use-for-bitcoin-hiding-assets-from-government-9879
legendary
Activity: 1400
Merit: 1013
June 19, 2013, 06:02:26 AM
#79
We'd need to know the total fees involved on the bank side to make a meaningful price comparison, but its certainly possible to find people willing to do cash trades all over the world.
newbie
Activity: 44
Merit: 0
June 19, 2013, 05:56:59 AM
#78
Where are you going to find a local resident to exchange fiat with you though? I'm just curious if there is a current way to do that as of now.
There is: https://localbitcoins.com/

But those ppl selling locally seems to be marking up their price quite a bit.
legendary
Activity: 1400
Merit: 1013
June 19, 2013, 05:45:17 AM
#77
Where are you going to find a local resident to exchange fiat with you though? I'm just curious if there is a current way to do that as of now.
There is: https://localbitcoins.com/
newbie
Activity: 44
Merit: 0
June 19, 2013, 05:33:50 AM
#76
I am very excited about BTC for numerous reasons but I already have practical reasons to be excited.  I will be saving an easy $100 in a month when our family goes on vacation on exchange fees.  How?  We are going to meet up with a local resident and exchange our BTC for fiat and save ourselves the expensive fees banks will charge us for doing that.  Smiley  We are also looking for restaurants that will take BTC so we do not have to pay exchange fees as well.  Already, I am really happy to have BTC, and this is just one little example.

Where are you going to find a local resident to exchange fiat with you though? I'm just curious if there is a current way to do that as of now.
full member
Activity: 220
Merit: 100
June 19, 2013, 03:55:31 AM
#75
Because they think they know something OP does not.
full member
Activity: 196
Merit: 100
June 19, 2013, 01:02:20 AM
#74
I am very excited about BTC for numerous reasons but I already have practical reasons to be excited.  I will be saving an easy $100 in a month when our family goes on vacation on exchange fees.  How?  We are going to meet up with a local resident and exchange our BTC for fiat and save ourselves the expensive fees banks will charge us for doing that.  Smiley  We are also looking for restaurants that will take BTC so we do not have to pay exchange fees as well.  Already, I am really happy to have BTC, and this is just one little example.

Imagine travelling the world in this fashion living off AM share dividends. Oh man what a lifestyle! Cool idea.

full member
Activity: 168
Merit: 100
June 18, 2013, 11:06:19 PM
#73
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.

um, because I want to? What does it matter why?

Here's why my brother is getting into it. He has a disability and collects disability, but they monitor his bank account and if he has too much they cut him off. So he can't save a small amount for future hardships. Bitcoin gives him that option.

There are many reasons why people buy bitcoins.
member
Activity: 70
Merit: 10
June 18, 2013, 08:27:27 PM
#72
Rare chance to lose its value + just fucking fun.
member
Activity: 98
Merit: 10
June 18, 2013, 03:24:46 PM
#71
I buy BTC to trade or to buy things in Bitcointalk as it is much easier than payment by fiat
full member
Activity: 146
Merit: 100
June 18, 2013, 03:23:59 PM
#70
it is a ponzi scheme, the problem is nobody will admit that our current lifestyle is all a ponzi scheme so your wife can be right and also buy bitcoins too.

Nice thought! Either we figure out a way to make a profit from colonizing outer space or humanity will consume all its resources while still stuck on Earth and die out.
hero member
Activity: 490
Merit: 500
June 18, 2013, 02:25:37 PM
#69
Also, another reason to buy bitcoin: if there's something you want to buy on Bitcoinstore.com.  I found something (a 16 GB RAM chip) on there that is substantially cheaper than the price on Amazon.com, like $40 cheaper last I checked.  That's enough of a price difference to more than make up for the fees involved with buying bitcoins.
full member
Activity: 126
Merit: 100
June 18, 2013, 07:23:19 AM
#68
Why? Maybe they need bitcoins
legendary
Activity: 1014
Merit: 1003
VIS ET LIBERTAS
June 18, 2013, 12:38:23 AM
#67
Why are people buying bitcoins? Simply because we know for sure that it is not a scam or ponzi scheme.
see this http://signups.wallstreetdaily.com/X303P562
hero member
Activity: 490
Merit: 500
June 18, 2013, 12:03:33 AM
#66
I am very excited about BTC for numerous reasons but I already have practical reasons to be excited.  I will be saving an easy $100 in a month when our family goes on vacation on exchange fees.  How?  We are going to meet up with a local resident and exchange our BTC for fiat and save ourselves the expensive fees banks will charge us for doing that.  Smiley  We are also looking for restaurants that will take BTC so we do not have to pay exchange fees as well.  Already, I am really happy to have BTC, and this is just one little example.

That's really clever.  I'll have to keep that in mind next time I travel out of the country.
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