Why people are still buying BTC? - page 25.

gamalzour

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Quote from: phucngungoc on July 09, 2018, 03:13:40 AM

Quote from: naphto on April 19, 2013, 04:04:15 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 I think that 99.99 % of the bitcoins exchanged are never withdrawn from the exchangers, and the people are only waiting to make some profits.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 buying bitcoin at this time is totally wrong, you can see that bitcoin prices are rising steadily and are now leveling off at $ 6700. This is a very sensitive landmark and the bitcoin price will probably increase or decrease at any time. The market is bearish in the long term so I think the bitcoin price will probably continue to fall deep so you should not buy bitcoin at this time.

High time to invest in crypto because the market is down and the crypto can be owned at a low cost than before. Besides, making a big portfolio in such a market is not a difficult one. It is amazing how people still invest in crypto despite the fact that the market is down. This is just because it is an incentive to maximize the future marginal profit and earn the easy money with mental efficiency.

Boys27

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The Exchange for EOS Community

many people still faithfully buy bitcoin from their money because they think that in the future bitcoin will be a very valuable item, the problem of reducing bitcoin prices like now is not an obstacle for those who do like bitcoin to keep buying it

Chacon994

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Quote from: kive2k on May 05, 2018, 06:15:52 AM

I think this is obvious, the price of bitcoin is very attractive now, it will double as a minimum, and many forecast an increase to 50,000! Why not try to buy?

Bitcoin is the only coin in the cryptocurrency market at $ 20,000. But I do not think Bitcoin's price could rise to $ 50,000. Even if all whales around the world pumped Bitcoin prices, the highest price Bitcoin can only be $ 30,000 in the future

YCryptos

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People buy crypto currency, so this is the future of our financial industry. I advise you to think about it and revise your views on the crypto currency. Learn to look wider.

yslyv

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because bitcoin is based on blockchain technology. and blockchain is the technology of future. it is very new yet. there is a huge potential for every good cryptocurrency to grow in the crypto market.

chosenboy4

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What do you think if Gold supply is ended and no one can mine it any further. will the gold price will rise or it will fall to Zero? or we will start to use Aluminium or Iron.

mel1978

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Quote from: naphto on April 19, 2013, 04:04:15 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.

People are still buying bitcoin because they are believing that bitcoin will soon to rise on its price in the nearest period of time. For me I will prefer to buy bitcoin for now because the price is very low, I will save and hold it and wait for the right time to rise its price in the market. If this will happen I can have huge profit. If you will look at the history of bitcoin, you can decide that it is profitable for now to buy bitcoin. This is in my own opinion.

laracastvue

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Quote from: Tuyul_Dollar on July 13, 2018, 03:34:34 AM

Bitcoin is a digital currency that has been in use at the international level. However, this relatively cheap price will support transaction activity, I imagine it is still very much in single digit territory. Needless to say, very common two and three digits appear as a result of speculation / manipulation, and let's face it.

People believe that cryptocurrency is really good for long term investment so they are still investing right now even though the market price are dropping but it was also the best time to invest because you can avail btc while the price is cheaper.

HSRP

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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Quote from: linesretweetG on July 13, 2018, 03:48:23 AM

That's simple, because BTC is the future

FIAT won't be our currency into the next decades, we need more digital assets Wink

Bitcoin is very potential in the future with outstanding advantages and efficiency in online payment. I believe in the future Bitcoin can completely replace the traditional payment types.

kripkiki12

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There might be attempts to enhance the technology behind it, but Bitcoin still remains the alfa cryptocurrency and all the other prices are massively depend on it. It might be replaced at some point by a more innovative and efficient competitor, but for now, I do not think it is in a very big danger

bitcon

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Quote from: Tuyul_Dollar on July 13, 2018, 03:34:34 AM

Bitcoin is a digital currency that has been in use at the international level. However, this relatively cheap price will support transaction activity, I imagine it is still very much in single digit territory. Needless to say, very common two and three digits appear as a result of speculation / manipulation, and let's face it.

Obviously, people consider BTC worth of being invested in, so they buy it.
BTW, 5 years have passed since the topic starter asked his questions. People still buy BTC, even though it's price is much higher now. Moreover, BTC became a legal currency in Japan. I wonder if topic starter still consider it worthless.

Cacao2017

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We still buy bitcoin because we find that bitcoin will grow and the price of them will increase as we buy it, which will give us a quick chance to become richer.

linesretweetG

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That's simple, because BTC is the future

FIAT won't be our currency into the next decades, we need more digital assets Wink

BangkokCookies

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maybe one the one hand, enjoy the virtual world; on the other hand, invest their extra money.

Tuyul_Dollar

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Bitcoin is a digital currency that has been in use at the international level. However, this relatively cheap price will support transaction activity, I imagine it is still very much in single digit territory. Needless to say, very common two and three digits appear as a result of speculation / manipulation, and let's face it.

hatsoff2btc

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Quote from: kumala_abi on July 06, 2018, 11:38:57 AM

Quote from: fianaindriati on July 06, 2018, 11:34:08 AM

Quote from: NewRanger on July 06, 2018, 11:14:04 AM

Quote from: Kamote29 on July 06, 2018, 11:10:50 AM

Their reason may be their chance to buy it, because bitcoin prices are low and they buy as much as they can afford to invest.
Bitcoin can still be trusted because they believe bitcoin will definitely rise from adversity and believe in the coming months bitcoin will rise again

many people are still optimistic about the future of bitcoin. although it is still experiencing a very large decline, but many people consider this cheap price is a good opportunity to buy and sell it in some later.

indeed many believe that btc will rise again. because all can sometimes happen. example as before that btc down then at the end of the month rose so high. so those who see bitcoin certainly believe in it all.

Investor confidence will be better recovered due to many good news circulating in the market. this is what makes investors start buying bitcoins at cheap prices. they think it's a good chance to make a profit in the next few months.

It is showing signals of rise in the price values in the market. We have had a fall followed by a rise and another fall below $6000 followed by instant recovery. This lead to the hope of further rise in the market and people started pouring in their funds to own the coins at low cost and increase their marginal profit in future when the market will be green. I hope we will have a bull market towards the end of the year.

mboileau

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The bitcoin is the smartest investment of the era since it requires the least amount of resources which is available in every household a mere credit card and a computer other than that it's a simple no-brainer formula the longer you hold it the more value it creates for you,

Kurokyy

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LETS GO ADAB

Quote from: Yurkov on July 09, 2018, 04:05:13 PM

Quote from: Coleth on July 09, 2018, 01:17:19 AM

They are and we are because Bitcoin has value my friend, it is money in the form of digital and most convenient and since we are towards crypto world it is high time to invest into it.

And what is more if our crypto world will be developing that fast in future price of bitcoin could be X times bigger than now, investing nowadays could bring lots of profit in coming months/ years in my opinion.

People buy bitcoins and other cryptocurrency because they believe that it was good for long term investment and all the investors are going to be wealthy in the future because the price will keep on increasing.

frankiemalton

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The Bitcoin awareness among the population is growing, but of that population, 80% are still unaware there are other blockchain choices out there. The news where I come from is still bitcoin bitcoin bitcoin!!

MMA

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Quote from: andicatorx on April 19, 2013, 04:34:01 PM

Different people have different preferences. Just like how some people prefer to use cash when dealing, some prefer debit card, some credit card and etc. Each method have their advantages and disadvantages, but people still use them. Same argument for bitcoins.

In fact people know the importance of bitcoin, bitcoin is no doubt need of the day and its importance is increasing form time to time, that is why only wise and intelligent people will like to invest money in bitcoin, because they know that still bitcoin has a very potential to its price to increase. and hopefully very soon they will see a good increasing in bitcoin value.

Topic: Why people are still buying BTC? - page 25. (Read 13694 times)