Topic: Why people are still buying BTC? - page 47. (Read 13694 times)
As far as we know working hard and trying to get your coins it is not the thing that attracts, people want it to be free, fast and easy
People are still buying btc because they found out that only btc can make their dreams come true. BTC is now the most interesting coin in the crypto currency feild and it can really give us a huge return from our investment. I think we only need to believe in bitcoin and wait for the upcoming more opportunity of buying because if we can buy it in a verry cheap price, maybe we can become more profitable in the near future.
Yes that is a face that bitcoin still fulfill all our need and demands that i do not think can be possible from anything else, it think that people have already got a lot of profit from bitcoin investment and still in hope that they will get much more from it. i think that only bitcoin can fulfill our need in future. And that is why still people are trying to buy bitcoin. People are still buying BTV now that it is in dip because they believe it will soon leave the dip era and have its rate increases sporadically,so by then they will realize a huge profit on selling it. It is just for investment
People still buy Bitcoin because we assume them to be rational and only a rational individual will invest in a crypto currency with great future profitability and return. Also the current prices of Bitcoin have gotten a bit stabilized and low so the investors can enjoy the opportunity by investing now to earn good in the future. Bitcoin is the most liquid of crypto currencies and has been in a great position that is why people like to invest in it. People aren't buying Bitcoin, at least compared to the amount of people selling. The people who are buying are the deluded fools who think it should be worth more and are buying more bitcoin as sellers leave the market. This is a longer term trend that has been consistent since reaching the insane price of $19,000 last December. Now we're below $7,000 and showing no signs of stopping. That's because new people aren't coming in to prop up the price. The only people buying now are those who already own it and are sitting on losses and buying to lower their cost basis under the delusion that because it reached $19,000 once, it has to again. People keep talking about Bitcoin going to the moon without realizing it already reached the moon and is now on it's way back to Earth.
Informative post you have! Tell me, what are you doing here on this forum? do you want to help your advice, lost souls who made a mistake in their way? Personally, I believe that bitcoin will take its own up, this technology cannot be let go on its own. Bitcoin is spoken about at high levels of the state. The States themselves create their own coins according to the principle of the blockchain. They can't just give up this technology. You have a very skeptical view of the cryptocurrency market.
after 5 years experience , OP must be a bitcoin supporter , we always think why to buy at such price whenever btc pump . btc movements are like a roller coaster , high pump and high dump , then again new all time high .
reason is bitcoin is still in starting stage , many more people are yet waiting to join crypto revolution . once big players and companies will enter in block-chain world prices will be much more higher than now .
reason is bitcoin is still in starting stage , many more people are yet waiting to join crypto revolution . once big players and companies will enter in block-chain world prices will be much more higher than now .
The reason why people still buying Bitcoin, is because they know that it's worth investing for. though they know the risks, it's still part of the Business. They know that they have future here and Bitcoin is growing faster than before. if they invest early, then there will be more profit for them.
Yes people keep buying because of the hige profit that it gives to anyone who invested on it. They tend to buy more especially when the price was decreasing and hold it until it pump. Waiting was their key to earn and get profit because they know that it will not always go down, which is true becauae bitcoin was volatile.
Some buddies have decided to be in bitcoin for some time since they use the coin to make some payment and others. Most of them also consider the value of the coin to really invest in it. Others too just like doing transactions with the coin either making payment or making some fun of the coin. This happens because most people don’t like dealing with the debit cards and the other credit cards for making payment.
At present, I see the buying power of BTC has decreased, unlike the time before the BTC trading volume decreased much and I think that the market will fall deeper. Maybe many people have lost faith with electronic money.
People invest in bitcoin, like in any other crypto currency, cause it is very volatile. I am sure it will bring the investors a big profit by the end of the year.
all people hope to same thing in end of year.but unfortunately their act opposite with their hope.hoping price will rise , but they still panic and sell their asset cheaply.its very contradictive to market.
People invest in bitcoin, like in any other crypto currency, cause it is very volatile. I am sure it will bring the investors a big profit by the end of the year.
Bitcoin is undoubtedly the most known and most publicized digital currency, surely if a beginner wants to start investing in this field, he will try with Bitcoin then maybe he will turn his attention elsewhere, but at the beginning it will be the coin that gives it more confidence. I see it like that.
Now bitcoin of course can not become a real currency, there simply is not enough short processing of transactions. On the other hand, the biton is now a highly sought-after asset, whose value has yet to be evaluated. The market is still too young to make such far-reaching conclusions.
The reason why people still buying Bitcoin, is because they know that it's worth investing for. though they know the risks, it's still part of the Business. They know that they have future here and Bitcoin is growing faster than before. if they invest early, then there will be more profit for them.
Perhaps the news of the hacking of the exchange, played a role in the fall of bitcoin on June 11. Perhaps just speculators specifically omit the price of bitcoin. But it seems to me that the price will now play its potential, without a doubt bitcoin will grow in price, and in a place with it Ethereum. And in General all altcoins, always reach for bitcoin.
I don't think people will ever stop buying BTC, because the more it dips the more the believe of a great comeback in price, And do you blame them?, btc has seen so many setbacks in the past years , due to market fluctuations . But btc is cryptocurrency so it will be bought no matter how red the market is
I think there are many reasons why people still buy bitcoin. one may be because people are more likely to increase the value of bitcoin so once they invest in it they can easily grow their investment and think that it is easier for them to live up to their lifestyle
Only a fraction of all the bitcoins that have been issued today are sold in the exchange market. The Bitcoin market is competitive, meaning bitcoin prices will rise or fall depending on demand and supply. Moreover, the new bitcoin will continue to be published in the coming decades. Therefore even the most ambitious buyers will not be able to buy all the bitcoins that are present today. However, this situation does not indicate that the market is not vulnerable to price manipulation; still does not require a lot of money to move the market price up or down, so so far Bitcoin is still classified as a volatile asset.
People aren't buying Bitcoin, at least compared to the amount of people selling. The people who are buying are the deluded fools who think it should be worth more and are buying more bitcoin as sellers leave the market. This is a longer term trend that has been consistent since reaching the insane price of $19,000 last December. Now we're below $7,000 and showing no signs of stopping. That's because new people aren't coming in to prop up the price. The only people buying now are those who already own it and are sitting on losses and buying to lower their cost basis under the delusion that because it reached $19,000 once, it has to again. People keep talking about Bitcoin going to the moon without realizing it already reached the moon and is now on it's way back to Earth.
Now most of the people believe and get more profit. It time to change the price. So people use the price down time. So people hold the bitcoin long time. It time to change the price. So people hold the bitcoin for price increase. If price will be increase people will be sell. Now people use the trading process. Trading is connect the other country people. Time is important of the trading. So people time to invest and time to complete the process. So people is gather information from market place. Market place is connect the all country business. So people easy to get the more all coin price information.
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.
The reason why investors are keep buying bitcoins because it is really worth it! You can ensure that you can have a good future by having bitcoins. Bitcoin is becoming more popular and strong than before and I am sure that the society will adapt bitcoin. 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.
Despite the fact that the price of bitcoin is quite unstable lately, it has proved itself to be a reliable investment and keeps afloat for several years. That's why today more and more people buy bitcoin and will do it. And the person who opened this topic in 2013, probably, was very surprised by what was happening with bitcoin last winter. And I think that this is not the last surprise from bitcoin.
Bitcoin is a very controversial cryptocurrency because of the power and value it brings that surpass the expectations of the people. Bitcoin was able to make a great noise as its value rises over the roof. Now it is not very high but I am sure after holding it some time we will see bitcoin at high price, growing price and high speculation is a sign that we are going to have bright future with our bitcoin Jump to: