Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: yousufatik on October 06, 2018, 12:33:15 PM
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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 I think that 99.99 % of the bitcoins exchanged are never withdrawn from the exchangers, and the people are only waiting to make some profits.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.
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I agree that many of the investors today are started buying bitcoins because the bull market is now approaching and many people thinks that the market will rapidly increase so holding is the best strategy that we can do to earn big profit.
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Those who buy Bitcoin certainly know their future.
They always think positively about the price of Bitcoin in the future, because now the market is Bearish then you ask like that.
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I think that many people are still taking risks of investing on bitcoin due to the big amounts or good profits they can get after a year of HODLing. Since bitcoin is known to be volatile always, people believe that their money being invested will be doubled or even trippled after couple of months.
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There are still quite a lot of people who don’t know anything about Bitcoin, and when they find out about how much he has risen in price since his creation, they want to buy it. Therefore, there are constantly new people who are ready to buy Bitcoin. Crypto enthusiasts who believe in the future of Bitcoin also constantly buy it and change the money they earn into Bitcoin.
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Now I see more advertisements for Bitcoin and cryptocurrencies than a few months ago. Online stores, one after another, introduce a Bitcoin payment method for their goods. All this speaks of the growing interest in Bitcoin. People probably remember last year’s growth of the entire crypto market and expect a repetition of the scenario at the end of this year.
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I think it is normal, people buy bitcoin because it is a good coin to invest. The price of bitcoin tends to be stable and even increases. That's the big reason for people to buy more bitcoin. I also suggest people to invest in bitcoin. It is very recommended to invest for long term.
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yes indeed there are many people who are starting to buy bitcoins because they know their future. and they always think positively about the price of bitcoin in the future. because now the market will increase quickly so holding is the best strategy we can do to get big profits. because we know bitcoin is known to be always volatile and people believe that their money invested will be multiplied
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of course, someone definitely wants to get satisfactory results now that bitcoin has the potential to increase for the next few months, it's time for traders to buy bitcoin .
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because everyone wants to get results from the trading, maybe in this way someone fulfills their daily needs, this is some kind of work .
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in my opinion, people still buy bitcoin because they still believe in bitcoin and they know that bitcoin has a good future and will be profitable
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bitcoin is a very famous coin and many people are interested and investing in bitcoin so that the price of bitcoin will continue to increase, that's why people keep believing and buying bitcoin for their future investment
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I think that many people are still taking risks of investing on bitcoin due to the big amounts or good profits they can get after a year of HODLing.
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You know what? I think this question was happening when the first time bitcoin introduce, and I think many people underestimate bitcoin and they don't think that bitcoin can get the highest price. But after bitcoin start the journey, you can see that people interested in bitcoin and they willing to buy bitcoin especially when bitcoin is less than $10 and they keep the bitcoin for a long time. And suddenly, in 2017 ago, bitcoin price was exploded, and many people who have bitcoin was making a lot of money.
We believe that bitcoin can increase even more than $20k, but still, no one will know when it's happening. And I guess this is why people keep buying bitcoin right now because they don't want to miss this chance. I think some people still trying to deposit their money and buying more and more bitcoin.
And the mining part, when the difficulty increase, I am sure that the mining hardware company will start to search another new technology that can support the mining so the mining process will continue until the last bitcoin. When the first bitcoin was mine, we can use the old computer to mining bitcoin, but soon, after the difficulty increase, we need to build new hardware that can handle this. And you can search on eBay, Amazon or another store online and you will find Antminer, Scrypt-miner hardware that used for mining.
I am sure that soon, there will be new hardware that can support the mining process and I heard that Bitmain would (or they already) launched the new Antminer hardware. You can visit on their site to know more about this.
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Bitcoin is the parent of digital coins and has a lot of fans so Bitcoin is always in search and in my opinion, people who buy Bitcoin have high confidence in the price of bitcoin that will increase over the next few years and of course that person always thinks positively against Bitcoin
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because that person still believes that someday bitcoin will give them a big profit, so they know that bitcoin has lowered its price, and they don't want to waste the opportunity to buy it right now, because bitcoin will rise again , and I also strongly believe that it will happen in the next few years, and bitcoin will benefit people who want to invest in it.
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because people know that bitcoin is a currency that cannot be regulated by the government, freedom is in the hands of each person
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because the news about bitcoin is starting to sound good, the increase in the value of bitcoin has been seen to climb slowly, so investors have already made it to the beginning of the increase in bitcoin prices, and they can know the calculation of when bitcoin will rise ..
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they still buy bitcoin because they still trust the bitcoin will experience rapid progress at the end of this year, and this will be very unfortunate if missed.
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They still buying bitcoin because it already show the worth in the market to invest on it. Bitcoin will grow more for upcoming years and they see it and make them decide to buy bitcoin as they anticipate the future.
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Many people are still buying Bitcoin, because they believe Bitcoin is a digital currency that is very useful and has many benefits, and has a very high investment value. And they believe, by holding Bitcoin they will get big profits later on.
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Since last ATH of the bitcoin, many people lost serious money and lost their faith in Bitcoin, but the whales are gathering all the coins silently at this very moment. Most important strategy is to buy when everyone starts to sell.
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I think it happens because a lot of people believe in blockchain and they hope that market will grow again. As for me I think that BTC can give good profit if you choose really right strategy.
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Some people considered Bitcoin as a replica of a dot.com era, and everyone wants to get that chance. Even though Bitcoin ETF is not approve until now but it could happen in future.
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Your experience remains your experience. I know a lot of good ways to earn money on Bitcoin. It continues. I buy bitcoin to make secure payments. Did you think about it? Bitcoin is already a free means of payment.
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This is a very good time to invest, because of current market conditions. As investors sure they know that this time a great time to buy a Bitcoin. And the market will experience a crypto price increase at the end of this year. So this is very profitable to invest.
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I think there are still many people who buy bitcoin because they still have confidence that the price of bitcoin will increase in the next few years and is also very good for investment in the long run. that's the reason some people buy more bitcoin.
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because I think they buy bitcoin for their needs in the long run, because bitcoin for them is also a positive way to get more profit both in a short time and for a long time.
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People still buy Bitcoin, as many still see in it the potential for both growth and development. Bitcoin coin is today one of the most valuable assets in the world.
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I don't think there are many ordinary people out there who still buying it. The hype is down, and no reason for it. Only professional trades are buying Bitcoin and will be buying it, but they know what they are doing.
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People who believe in the potential of Bitcoin is still buying now,even though many negative feedback coming out about btc but it didnt affect its reputation,instead of panicking many Bitcoin supporters Are buying now because it is the right time to buy and hold it for a long term and believing that someday they will earn more profit.
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I mean, I never hold bitcoin but Btc is the gate to enter crypto markets. I bought BTC with fiat, then ethereum neo etc. all coins can be bought with it.
This has to change though, we need to be able to buy other coins with fiat, then don't use fiat at all! I hope this will happen in a couple of years.
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of course I still dare to buy bitcoin, as long as the government cannot guarantee the welfare of its people by providing other alternatives for better investment than bitcoin, providing sufficient employment and increasing income.
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because bitcoin currently still has the potential to increase prices, so they will continue to buy bitcoin because they still have the opportunity to get profit from it .
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bitcoin has shown its movement, it is slowly rising, that's why they still continue to buy bitcoin, because they want to get profit when the value has risen very high ..
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because bitcoin is still promising and many people still believe, bitcoin is a future technology that can make money, so they still believe in buying as much bitcoin as possible for the future ..
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at the moment, bitcoin is the most famous crypto currency in the world, people hearing about cryptocurrencies, immediately think about bitcoin,so many investors do not start investing bitcoin immediately
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Because it is the most famous crypto currency with the highest value. Some people buy bitcoin due to the numerous establishments in the world that accepts bitcoin as payment. It also has a good potential too.
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because maybe someone wants to start an investment that failed before, and come back in a different way ..
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because they know bitcoin is now in a better condition because brita is positive tengtang cripto.
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I can only think of one reason; people still sees bitcoin as a window of opportunity in the realization of their dream of having a comfortable life one day. And bitcoin being the most popular cryptocurrency and the most sought after by investors has all the capabilities to make that dream happen.
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Risk taking is always part of investment. If one is afraid of risk, one stays away from investing. Although bitcoin is volatile and it’s value at any point can’t be predicted with precision, people still strongly believe that despite the downward trend it’s experiencing ( which is not the first time) it’s value will still rise significantly. This is the hope people have and so still investing in it.
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Because bitcoin is increasingly famous and is widely used as a payment system by many countries. Other than that, bitcoin can be a safe investment asset and has a value that continues to rise every year.
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Bitcoin has developed since 2009, with a very old technology when comparing with other cryptocurrencies recently. But there are more technologies are still in development in bitcoin network in the future. In addition, it is the first cryptocurrency so people have a strong belief in them. Simply see how bitcoin's price effect to alt coins's price, you got an answer for this.
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It will depend of which country the people belong like in Japan and Germany in which their governments fully supported Bitcoin for investments and direct spending therefore the people of these nations will use and buy Bitcoin for good but if you are just an investor that lose on this investment then of course you will lose your trust of this currency.
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This is a great time to buy. Watch the market is going to go down so low that everyone will see the time to buy and it will rise up up and away. What bitcoin is capable of is truly an innovation that will change the world, it is here to stay. It will rebound to 30–50k by the years end.
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I think people are still buying Bitcoin because bitcoin is the parent of all digital coins that have a lot of fans so Bitcoin is sought by people who want to buy Bitcoin, because they have high confidence that the price of bitcoin will continue to increase in the future because that person always thinks positive for Bitcoin
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because people still want to benefit from bitcoin which they have felt before, and maybe now they will be their needs and livelihoods but whether bitcoin will become lasting for a job