Topic: Why people are still buying BTC? - page 40. (Read 13694 times)

I think BTC will have a great market in future.  Some news around us at the end of this year BTC will become at 20000$. That is why more peoples are still trying to buy Bitcoin. Actually, at the current situation, more peoples are adding to do crypto business and also the bitcoins are limited. so there will be a circulation and whales are not going to sell btc. Because of that definitely, BTC price will grow up. my opinion is if you have extra money, buy some BTC and hodl at least 6 months.

People still want to buy bitcoin because it's a long-term investment, they know that having bitcoin is give more profits even the price always changes time to time because it still has the highest exchange rate in the crypto world. Many people want to become a millionaire that's why they still invest their money in bitcoin even it's very risky.

People aren't investing in bitcoin because it's currency of the future.In some parts of the world, bitcoin is still a more efficient and cheaper way to transfer money across borders, and several remittance startups make use of this feature. Bitcoin's cost and speed advantages, though, are being eroded as traditional channels improve (and the network's fees continue to increase), and liquidity remains a problem in many countries.

People still want to buy bitcoin because it's a long-term investment, they know that having bitcoin is give more profits even the price always changes time to time because it still has the highest exchange rate in the crypto world. Many people want to become a millionaire that's why they still invest their money in bitcoin even it's very risky.

People are still buying bitcoin because they know they will earned money.They believed maybe that will become rich soon just like what  happened last year when bitcoin price hit the highest value.

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  ). 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.

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.