Topic: Why people are still buying BTC? - page 95. (Read 13694 times)

Simply because you can't dictate people to stop their interest in bitcoin. Who would not like bitcoin if it's the digital currency that could change your life and the way you see your future optimistically. People' demand on bitcoin is undying, IMO, most especially that bitcion is referred to as the 20th century equivalent to gold.

This post just popped up out of nowhere. It's a posts way back 2013. It puts a smile on my face that right now, people are still saying why bother buying Bitcoin when it has dipped so low? But right now, it's getting stronger and stronger every week. Green lights ahead and we will be seeing 5 figures by the end of the year.

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 I think that 99.99 % of the bitcoins exchanged are never withdrawn from the exchangers, and the people are only waiting to make some profits.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.

People are invested in bitcoin in many ways.
They see good reasons to stick with it and most of them are thinking long term.
Things crash from time to time, it doesnt mean they are dead.
And besides that profit isn't the main focus for most of the old dogs of bitcoin.

People still buying bitcoin because they are convinced that the future of bitcoin will continue to improve and this is a good sign as prices will skyrocket, I'm sure that May is a good month for bitcoin investments as June prices will skyrocket.

People still buying bitcoin because they are convinced that the future of bitcoin will continue to improve and this is a good sign as prices will skyrocket, I'm sure that May is a good month for bitcoin investments as June prices will skyrocket.