Why do people want Bitcoin?
Bitcoins act as new currencies in the digital age. It can cross borders without any banks or governments.
The recent boom in Bitcoin may be great news for those who put money here early. But it also made it possible for Bitcoin to become a distant currency.
I can now use my Bitcoin number to buy stuff at Overstock or book a hotel at Expedia. But if I use Bitcoin to buy $ 25 on the Overstock today, and next week Bitcoin prices will increase fourfold, I'll feel that stock is $ 100. If Bitcoin loses its price, at least I still have the stock to use.
Bitcoins are considered as a kind of asset, instead of currency, with great profit expectations later on.
Maybe because that individual users are also gaining. Their hard work in bitcoin has paid off. That's why I'm also using bitcoin because I believe that there will come a time in which bitcoin is so high value
What hard work? People take cash and buy Bitcoin and then sit back and wait. There are no real work being done to get those
profits, only for the money that you spend to buy those bitcoins. It is a whole other thing, when you work online and
get paid in Bitcoin. {Example : Signature campaigns on this forum} ....Most people are just hoarding and hoping that the price
will go up, instead of actively spreading the word about Bitcoin.