People are different and their tastes and motives are different. Given that the advent of cryptocurrencies a few years ago revolutionized the world and made it possible to use them for different purposes, people began to buy them for different reasons.
It is also worth noting that for example, some people think that bitcoin has no value at all, but let's not forget that in fact, people themselves decide how valuable a particular product / service is to them.
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Take a $ 2,000 Louis Vuitton bag that you can buy at this price is justified because someone thinks its design or quality is worth it. The same can be said about bitcoin. Why should we be surprised to see a person who recognizes the uniqueness and potential of bitcoin pay $ 9,000 in it?
Why people buy cryptocurrencies, and I have selected the most common statistical reasons:
Economics of the future
A group of people, called early adopters of the world, believe that cryptocurrency transfers to other countries are pushing the boundaries and contributing to the development and globalization of the international economy, but they want to be part of it.
Investment
Like gold, bitcoin has a limited amount. Unlike traditional currencies, which can be printed in infinite quantities, the amount of bitcoin is limited and only 21 million will be produced. Accordingly, bitcoin is seen as a value that will soon expire and demand for it will increase.
Decentralized nature
According to the latest research, bitcoin owners are 18-34 years old, with 1/3 saying their motive for buying government cryptocurrencies is to avoid government regulations because they trust cryptocurrencies more because of their P2P nature than for example the US government.
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Flexible payment system
Some believe that large transactions with cryptocurrencies are very convenient and therefore the fees are quite low compared to traditional currency transactions.
Fear of breaking news
A few years ago, when cryptocurrencies appeared, a worldwide buzz was heard about making "fast money". Consequently, some people soon decided to take this chance, which was actually the right decision based on Bitcoin's history.
And what motivates you to buy cryptocurrencies?