Bitcoin for me is a financial technology that is very unique and also complicated because it is not easy to predict, and from a functional point of view it has many benefits. Bitcoin is a brilliant breakthrough made to help financial problems for its users including me.
and I'm sure all bitcoin users will be helped in their financial problems and what I like the most is choosing or holding bitcoin because I fully control it, and it can be used as a reserve fund when I really need it, and it can also be a store value which will be a big advantage which is great when prices go up.
Topic: What's your reasons for holding bitcoins? - page 3. (Read 593 times)
Main reason for me to enter Bitcoin ecosystem was to rebel up against financial establishment honestly. I was young, very young. I learned how fiat money works - I learned how governments don't ever take responsibility. I wanted world to change and bought Bitcoin. Not only expecting getting rich - but also supporting a revolution. Currently I still have this ideal. It didn't change but transformed. I hold Bitcoin also to not try catch a train going full speed ahead. Bitcoin is future in our cold wallets!
I support the bitcoin revolution, but I hope this is not a revolution against the centralized financial system. I just wish people could accept bitcoin and see it as an alternative and add options for us. If bitcoin is against the current centralized system, it is no different than against the government, and that will not benefit bitcoin nor us. I don't expect people to be so conservative.
Main reason for me to enter Bitcoin ecosystem was to rebel up against financial establishment honestly. I was young, very young. I learned how fiat money works - I learned how governments don't ever take responsibility. I wanted world to change and bought Bitcoin. Not only expecting getting rich - but also supporting a revolution. Currently I still have this ideal. It didn't change but transformed. I hold Bitcoin also to not try catch a train going full speed ahead. Bitcoin is future in our cold wallets!
I heard people keep saying don't sell when the price rise a little, or when it starts dropping! I don't get, why are you holding it for long? As long as am concerns is just a matter what you want, long term or short term. Bitcoin is not your Goldsmith or some banks you build at home that you can control anytime you like.
To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping. I can't hold for too long is personal or I will never take investment in a short is till personal.
Whether you hold or not what will happen in bitcoin will still happens, is good to hold but too long hell no, because am not the future, future is expectations real life is in the present.
My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?
If to be seriously honest that I invested the money I can afford to lose in bitcoin and again I don't want anybody to have control over my money, I don't really see any reason why I will be taking profit time to time from what I believe that will have more value in future. As for me i believe that Bitcoin come to stay with us and it will going be a great advantage in nearest future.Even if I am taking profit time to time, I will do nothing with the money rather buying again because I due always invest what I can afford to lose in crypto industry. So I decided to hodl my Bitcoin for long term because I have never decided to use does money for anything currently. To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping. I can't hold for too long is personal or I will never take investment in a short is till personal.
Whether you hold or not what will happen in bitcoin will still happens, is good to hold but too long hell no, because am not the future, future is expectations real life is in the present.
My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?
Honestly,, I hold bitcoin for the main reason is speculation, faith in bitcoin is growing, so I decided to hold bitcoin for a long time to find an opportunity to escape from a difficult life to find financial freedom. In difficult economic times, I don't want to waste bitcoins (using payments, shopping, ...) because for sure bitcoin - a 1000 billion asset will soon return and will be worth more than that.
Me too; I don't want to lie, I have no second reason to invest in bitcoin other than profit. With the economy becoming increasingly harsh today, and relying solely on day-to-day jobs to get out of poverty is almost impossible. While other investments, such as gold or real estate, are not for everyone, those with little capital will never have the opportunity to own the other two types of expensive assets. Only bitcoin can help us, bitcoin has no distinction and no limits, and anyone with a passion for investing and looking for opportunities to get rich can invest in bitcoin. Bitcoin is my only hope, so I will hold on for as long as possible until I reach my goal.
My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?
A better question in my opinion should be "why are you selling bitcoins?". When it comes to saving money I don't really have a goal in mind, I mostly save money for bad times like important renovations in the apartment or when the car breaks down. For me bitcoins is a means to save money each month and I prefer to do in bitcoins and not in fiat money. I already have my monthly salary coming in fiat money, the same goes for my retirement money that will be paid out eventually in fiat money. Having the chance to save money in bitcoin is a good diversification that will payoff long term. Also with inflation rates of 10% in fiat money and banks paying 1-2% interest it makes absolutely no sense to save money in a bank account. Taking profit is not really a plan for me, because that would mean to go back into fiat money - which I am trying to escape.
LOL I was just kidding. I'm sure that survey would just be for binance marketing. CZ will always promote crypto all for the promotion.
Even if it's true I wouldn't show off anyone on my facebook, I didn't even use my real name on facebook nor have a real image there.
Majority in crypto by now are up to making more money not just hedging their wealth against rising inflation. Although I would believe many will actually see that survey to be real. Every altcoin community today has girls on it and is surely attracted to someone with big holdings.
Privacy will become more important than anything else, because it will protect everything we have. Even if it's true I wouldn't show off anyone on my facebook, I didn't even use my real name on facebook nor have a real image there.
Majority in crypto by now are up to making more money not just hedging their wealth against rising inflation. Although I would believe many will actually see that survey to be real. Every altcoin community today has girls on it and is surely attracted to someone with big holdings.
A de-neutralized cryptocurrency will protect users' privacy.
Binance is just doing a promotion and for those who feel they have a lot of bitcoin and make it have a strong appeal, most of them are influencers.
We can see many influencers on YouTube, TikTok, Twitter, or other social media showing off their assets.
It is done with the aim of increasing brand followers and subscribers, because they will also get money from each uploaded content.
And about the altcoin community you mean with a lot of girls, of course, they only target people with large holdings.
It has become common and nowadays it often happens.
Back to the discussion about the reasons for holding bitcoin, everyone has different reasons and goals.
Those who hold for the long term certainly want to get more profit, there are also those who only buy bitcoin to protect their assets from taxes imposed.
in fact, not everyone holds bitcoin for a long time, for example, now bitcoin is also experiencing a decline in price and this proves that not everyone holds bitcoin for a long time, because if there is profit, they will definitely sell it.
but actually holding bitcoin for a long time is very profitable, but with a note that you have to be patient to wait.
the point is that everyone also has good reasons that make them long-term and short-term investments.
but actually holding bitcoin for a long time is very profitable, but with a note that you have to be patient to wait.
the point is that everyone also has good reasons that make them long-term and short-term investments.
Going through the growth chart of bitcoin is enough to understand for what reason people keep on buying and hold bitcoin. When we hold we can experience the variation in terms of USD. Even when we have small holdings in the wallet and when there is bullish move in the market, it gives an awesome feel to watch our holdings value change in the positive direction.
Everyone has a different opinion about this, but if you hold bitcoin for the long term there are risks, the same goes for short-term investments, but many people who hold bitcoin for the long term also have certain reasons and predictions.
just like this, just try to think about people who bought bitcoin in 2009 and sold it in 2021. That way long-term investment is very profitable.
just like this, just try to think about people who bought bitcoin in 2009 and sold it in 2021. That way long-term investment is very profitable.
I guess it should come as no surprise here that we buy and hold bitcoin with the primary motive of being speculative for profit. Bitcoin is a deflationary mechanism and the longer it holds - the greater the value. the more it goes against fiat. It's good to have bitcoin to have more holding options against inflation in times of severe crisis like today.
To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping.
To you, but to me it's completely different. I'd also like to note that bitcoin is money. Why should I exchange one form of money into another if I'm not ready to spend it?
Quote
Whether you hold or not what will happen in bitcoin will still happens, is good to hold but too long hell no, because am not the future, future is expectations real life is in the present.
How do you know what is too long? For people who sold at 2017 high of 20 000 holding to another high was too long but not for me. I was ready to wait much longer and I'm still ready to wait more. If you're not, don't hold it. I see no problem in that.
I hold as a hedge against fiat, and
in hopes that it will go up in price.
My question is, Does a miner get to keep the bitcoins he successfully mines, if he wants?
in hopes that it will go up in price.
My question is, Does a miner get to keep the bitcoins he successfully mines, if he wants?
Is that long term bitcoin don't experience losses?
It is possible that Long term holders can still experience loss after waiting, there is always that danger with any investment generally. But people who are new to investing in bitcoins are told about the need to be able to wait long term before selling their bitcoins because bitcoin is not something you should invest in today and expect to get rich quickly by tomorrow, unless long term investment is not in your plan. You are told to hold long term to ensure that you do not have the idea that investing in bitcoins today will make you rich tomorrow. I heard people keep saying don't sell when the price rise a little, or when it starts dropping! I don't get, why are you holding it for long? As long as am concerns is just a matter what you want, long term or short term. Bitcoin is not your Goldsmith or some banks you build at home that you can control anytime you like.
To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping. I can't hold for too long is personal or I will never take investment in a short is till personal.
Whether you hold or not what will happen in bitcoin will still happens, is good to hold but too long hell no, because am not the future, future is expectations real life is in the present.
My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?
Basically the promise of greater yields and the fact that it's your little but effective effort at ensuring that bitcoin doesn't die during these down times. Bitcoin may seem invincible nowadays but if everyone or a good majority of the people who held it sold it, the whole cryptocurrency industry will crash to the ground along with it. That in itself is one of the biggest reasons why someone would hold on their bitcoins no matter the situation. Some also hold because they already tanked significant losses and selling their coins will only make their losses even worse because then they wouldn't have nothing to depend upon anymore, especially when bitcoin recovers and increases in price. So a plethora of reasons really. To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping. I can't hold for too long is personal or I will never take investment in a short is till personal.
Whether you hold or not what will happen in bitcoin will still happens, is good to hold but too long hell no, because am not the future, future is expectations real life is in the present.
My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?
Oh! Demons here too with your context... (OP) 
I think your post is going more to speculation, since in the essence of bitcoin the price is not a question to wonder why they keep or not sell, it is bitcoin, let's start there.
So, I think you anything else is to enter into speculation about why to sell or buy, the thing is that lately I find that when someone comes up with that "price" argument, and it is valid to wonder why holding for so long, in a general sense, is the why? on bitcoin to trade, but perhaps it is not the essence of the discussion in the premises of bitcoin.
That is the essence of why the misunderstood bitcoin does not work for traditional minds, which always put it on the cross, so just as it always rises (revive).
Knowing bitcoin for its price is very valid but you should also know why something like this it was launched, it was not just the fact of becoming a millionaire.
I think your post is going more to speculation, since in the essence of bitcoin the price is not a question to wonder why they keep or not sell, it is bitcoin, let's start there.
So, I think you anything else is to enter into speculation about why to sell or buy, the thing is that lately I find that when someone comes up with that "price" argument, and it is valid to wonder why holding for so long, in a general sense, is the why? on bitcoin to trade, but perhaps it is not the essence of the discussion in the premises of bitcoin.
That is the essence of why the misunderstood bitcoin does not work for traditional minds, which always put it on the cross, so just as it always rises (revive).
Knowing bitcoin for its price is very valid but you should also know why something like this it was launched, it was not just the fact of becoming a millionaire.
I heard people keep saying don't sell when the price rise a little, or when it starts dropping! I don't get, why are you holding it for long? As long as am concerns is just a matter what you want, long term or short term. Bitcoin is not your Goldsmith or some banks you build at home that you can control anytime you like.
To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping. I can't hold for too long is personal or I will never take investment in a short is till personal.
Whether you hold or not what will happen in bitcoin will still happens, is good to hold but too long hell no, because am not the future, future is expectations real life is in the present.
My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?
To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping. I can't hold for too long is personal or I will never take investment in a short is till personal.
Whether you hold or not what will happen in bitcoin will still happens, is good to hold but too long hell no, because am not the future, future is expectations real life is in the present.
My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?
I think most people HODL their coins because basically they expect it to be worth much more in the future. And thats just it. BTC is so limited I am not sure you quite understand how rare it is compared to the world population. 21 millions coins for 8 billion people. With the halving of the coins making it much harder to mine for will also increase the future price due to supply and demand for BTC. Long term holding is not for the faint of heart.
snip
My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?
Before talking about losses and gains, I think I have to measure how long the long term is meant because maybe as we know bitcoin is quite volatile and has a 4 year cycle, if the word holds for 4 years or 10 years I think the value we have in bitcoin can be say profit because the price of each cycle rises and continues to rise especially if the moment to sell it is during a bull run. The long term loss of holding bitcoin I don't think is nothing, because the value you invested before has multiplied over time. My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?
It doesn't matter much what most people think. What's great about Bitcoin is that you don't really need to care much on what people use it for, as long as you can use it for your preferred purpose.
Your wallet and your coins, then bitcoin is the responsibility of the owner, no third party will manage it. Used as anything it will not be a problem for others.
Here maybe we learn how people who have lots of bitcoins manage these bitcoins to provide long term benefits.
Because people will not hold bitcoins forever without any purpose.
Besides profit, I guess we all have different reasons I have mine for betting which is still going to be considered for profit. But one reason that anyone has not yet heard of I think was that Holding Crypto or BTC with you makes you attractive 
Oh yeah that might surprise you but according to binance survey, crypto could have a positive impact on one's attractiveness. Below is CZ's tweet about it. Time to get laid O yeah!
https://twitter.com/cz_binance/status/1625465624771035138
Talking about someone's fascination with holding bitcoin, then you are indirectly showing off that you hold bitcoin, and then people start to get interested. Oh yeah that might surprise you but according to binance survey, crypto could have a positive impact on one's attractiveness. Below is CZ's tweet about it. Time to get laid O yeah!
https://twitter.com/cz_binance/status/1625465624771035138
This will be dangerous for you if there are other people who have bad intentions to steal your bitcoins.
But as long as you still keep your personal address secret, then it can be avoided.
The reason for holding bitcoins just to make it attractive is a reason that will not be entirely true, because in the end everyone is holding bitcoins because the profits will be bigger.
LOL I was just kidding. I'm sure that survey would just be for binance marketing. CZ will always promote crypto all for the promotion.
Even if it's true I wouldn't show off anyone on my facebook, I didn't even use my real name on facebook nor have a real image there.
Majority in crypto by now are up to making more money not just hedging their wealth against rising inflation. Although I would believe many will actually see that survey to be real. Every altcoin community today has girls on it and is surely attracted to someone with big holdings.
I don't really care about the price of bitcoin. I save money in bitcoin.
It's good if I can make some money at the same time though.
It's good if I can make some money at the same time though.
Jump to: