Why people are still buying BTC? - page 2.

Sled

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Bitcoin- in bullish time

Quote from: phpartisanmaster on August 18, 2018, 04:20:06 PM

Quote from: embargo on August 18, 2018, 12:33:18 PM

People believe that bitcoin is capable of preserving and multiplying their capital. Fiat money for today is losing confidence.

They can multiply their capital if the market price will increase so make sure to invest every time the market price is dropping in order to earn profit.

I agree to that, that is the best thing to do so you can get the best deals in the market. It is just like the sale, the more the percent is off from the original price, is the best so we can save a lot of money but in the other hand, we can maximize the value of the item or thing that we are getting or buying so that is the logic of buying while the market is dropping.

phpartisanmaster

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Quote from: embargo on August 18, 2018, 12:33:18 PM

People believe that bitcoin is capable of preserving and multiplying their capital. Fiat money for today is losing confidence.

They can multiply their capital if the market price will increase so make sure to invest every time the market price is dropping in order to earn profit.

lavara

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Some believe because they invested a lot and want to return their money, others dream of making good money on it, some more for the idea of bitcoins - the decentralization of the world currency. Many different options, I believe that bitcoin is a good mechanism for payments around the world and if it does not even grow in price it is still an excellent payment tool.

Mlowo

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www.daxico.com

Indeed, it's time to buy BTC, because BTC prices are down and we also have to buy BTC coins in our capital, then we invest in the long term, we will definitely have a lot of profit.

embargo

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People believe that bitcoin is capable of preserving and multiplying their capital. Fiat money for today is losing confidence.

ocid

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Quote from: Barcode_ on August 18, 2018, 03:33:29 AM

In my opinion, I think the prices of bitcoin currently is at a very attractive level for new investors who are considering to invest some of their money into crypto-currencies, but those investors should be mentally prepared to hold to the bitcoins they purchased for a long period of time as I believe there would still be some months of waiting before the bull market returns.

yes, indeed the price movement of bitcoin lately has more often experienced a decline than an increase, but this is an opportunity for new investors to invest in bitcoin by utilizing a declining market situation. it is possible that bitcoin will raise prices back in a not so short period of time, so they have to hold bitcoin for a long time to get greater profits

Jmabion134

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people buying btc because they want to earn money or to make profit, they buying btc because btc have a potential to climb up again and you will get high profit

Assface16678

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★Bitvest.io★ Play Plinko or Invest!

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.

Do some research. You can see a lot of advantages with bitcoin. In which it cam help you to do you transactions easily at the same time, it can be an investment in which it has the same liquidity as the cash. Bitcoin is very accessible. It can help us to be effective at the same time efficient.

Barcode_

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Join the world-leading crypto sportsbook NOW!

In my opinion, I think the prices of bitcoin currently is at a very attractive level for new investors who are considering to invest some of their money into crypto-currencies, but those investors should be mentally prepared to hold to the bitcoins they purchased for a long period of time as I believe there would still be some months of waiting before the bull market returns.

suraza21

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How much do you keep bitcoin? Are you continuing to invest in bitcoin? Do you think we should continue to buy and invest in the bitcoin market? I think we should still buy bitrates because of this give us more profit

EmJay

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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.

telexnetwork

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if you have profited earlier from bitcoin you would not have made this thread rather it will be in favor of bitcoins, when CPU and GPU are out of mining bitcoins then that is huge pizza for holder know that.

Wend

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Actually bitcoin it will can use anywhere you go or buying some things and bitcoins will use to pay.
So some of use are trying to buy more bitcoin because it was easily also to use it and do for trading.

Innocant

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Ill think they are still buying btc for earning of profit of it on which the bitcoin be going back and rise again the value of bitcoin just like the other year the bitcoin was reach to $17000 it was a big amount of bitcoin that ill see on my life.

DPrillio

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Quote from: Portia12 on August 17, 2018, 08:26:30 PM

Quote from: nurseyman on August 17, 2018, 08:13:27 PM

it may not be useful right now. useful to me, though. but we are talking about a system that is constantly renewing itself. surely will be problems. these are problems that can be solved in time. I guess people think like me.

Cryptocurrency is useful and it was a good investment because there are a lot of people who are interested on investing in bitcoins which makes the price to increase even more in the future.

Still people keep on buying bitcoin because its a promising coin despite of big dip in the market, the mystery of bitcoin value fluctuation excites every people of buying since we all know how bitcoin value begun and where it already reach so that's what keep people still believing in crypto market and the bitcoin and with their experience on how they gain profits out of bitcoin.

merlyn02

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bitcoin can be use anywhere over the computer this is the one reason why many of crypto enthusiast still buying bitcoins. making transactions like buying online stuff is very easy.
some reason also why many still buying bitcoins they believe they will get good profit on bitcoins instead of keeping thier money on bank.

Chachen19

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If the value of a market is profitable, then people will go to the bitcoin they buy because the bitcoin market will give them more value and they will certainly be more profitable to join into bitcoin so people are still buying BTC

Lucas_Farmer

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i think people continue to invest in bitcoin is because so many people are still interested in it. many people still want to buy bitcoin, but because the market is going down at the moment people are waiting to see if it goes back up again then will probably buy. bitcoin is for holders, its a long term investment, so people buy will then keep it for years before selling it. But people are different, their financial situations are different and their financial goals vary. Bitcoin is still very popular and therefore every one wants a piece of the pie.

tintinbongs

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Bitcoin is the most known digital currency so why not buy it if it is the highest coin in the market. plus you cannot stop people buying.

Portia12

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Quote from: nurseyman on August 17, 2018, 08:13:27 PM

it may not be useful right now. useful to me, though. but we are talking about a system that is constantly renewing itself. surely will be problems. these are problems that can be solved in time. I guess people think like me.

Cryptocurrency is useful and it was a good investment because there are a lot of people who are interested on investing in bitcoins which makes the price to increase even more in the future.

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