Topic: What's your reasons for holding bitcoins? (Read 596 times)

When I first learned about Bitcoin in 2016, I was skeptical like everyone else, but the more I read about it, the more convinced I became that Bitcoin has the potential to change the world of finance. Because traditional banking systems are vulnerable to economic instability and government intervention, I want to make sure my family has a backup plan and that I can provide my children with a savings for my family's future with advancing technology. Owning Bitcoin gives me peace of mind knowing that I am taking steps to protect my family's financial future. I truly believe in the decentralized nature of Bitcoin and its potential to give people more control over their money. Being part of this movement means a lot to me and that's why I continue to hold Bitcoin. I also see that there will be a positive increase after the second half of 2023.

Just as what you believe, that's what the others including me believe. And that's where we're satisfied to sell whether it's for the short or long term as long as we're good with it. Those that are saying that don't sell when it rises a little, that depends on how much they've bought. Maybe they're anticipating that most that are about to sell haven't bought at the lowest and profit is quite little so they say, don't sell.
We've got different ways of protecting our bitcoins and plans for it, if many of us are for the long term like I mean up for some until retirement and there goes the others that don't have plans like that.

That's okay if you think bitcoin isn't for that much long term. But you can't change the minds of the many that this is here to stay and for how long? We don't know.

Not just hearing success stories of long term holders and investors but also based on personal and individual experiences, this makes us want to be long term on it.

There's no actual secret from it, the strategies are vulgar and known for most.

If we'll look at the history of the chart, I'd say yes. But determine yourself on how long you want to be because the chart never changes and there will be dips and corrections if you zoom in the charts.

So let's say the price goes up. Would you sell your collection? You love it as it is precious to you, so you don't sell it. If you just want to collect things, then buy physical bitcoin collectibles a lot here in the forum. Though I respect your opinion, if you are collecting bitcoin, you are just wasting your money as you can't touch it, as it is for collection purposes, unless it has a double purpose, like holding it for a period of time and selling it off once the price is high. Collection should be put in plastic frame to display , Bitcoin is not we should use it not for display only.

I think you should get your facts straight mate because bitcoin is indeed giving you the chance to be your own bank and yes, you can control it anytime you like. If you somehow hold a large sum of coins in your portfolio, be sure that you are not that dumb to place your coins in a hot wallet. Make sure that it's a non-custodial wallet, so that you can control it any time you like and move it anytime you like.


Because why not? You should just need to know more about bitcoin and do your own research to know why there's a lot of people if not, majority of people who hodl bitcoin for long-term.

I invest in Bitcoin because I know I'll be able to return at least 2x from it in the future, and it's in a bearish case.

There are several reasons why people hold Bitcoin:
Investment: Many people hold Bitcoin as an investment, believing that its value will increase over time. Bitcoin has a limited supply, which means that as demand for it increases, its value could potentially increase as well.
Store of value: Bitcoin is often seen as a digital store of value, similar to gold. Some people hold Bitcoin as a way to diversify their investment portfolio or to hedge against inflation.
Decentralization: Bitcoin is decentralized, meaning that it is not controlled by any government or financial institution. Some people hold Bitcoin as a way to have more control over their assets and to avoid centralized financial systems.
Utility: Bitcoin can be used to make purchases and payments, and some people hold it as a way to conduct transactions without the need for a bank or other financial intermediary.
Speculation: Some people hold Bitcoin as a speculative asset, hoping to profit from short-term price fluctuations.
It's worth noting that holding Bitcoin carries risks, including volatility and the potential for loss of value. It's important for individuals to do their own research and make informed decisions before investing in Bitcoin.

Those words are for those who wants to maximize their profit.
It is true that no matter what you do sell it or hold it the market would still move as it please, But those who sell early tends to regret it when the price keeps on increasing.
And for long term Bitcoin Holder we couldn't tell if they also experienced losses since they are holding it we could only consider it loss when they cut it, even if your down right now if you're still holding it there is still a chance that it could turn around when the price starts to fly.

Ok so you are a short term investor or day trader. You can do whatever you want with your assets, that's a personal matter. And other people can do whatever they want. That's their choice. If you feel like you are good at trading and have good knowledge on day trading, you can make money in short term. So what about those people who aren't that well learned and have less time to give in trading since they have other works to do?
They learn a little or they could learn proper knowledge about market and buy bitcoin in right time. Keep it there for their future plan. when the price rises, they can have good profit just by doing nothing.
They are already earning money from other sources and keeping this hodlings as a backup plan.
I guess that's how this works.

With the extreme volatility bitcoin has presented over the years those which are holding their bitcoin just to obtain financial gain have shown they have a lot of problems to do so correctly, the ones that have an easier time holding bitcoin even when they are losing money are the individuals which are invested in this market because they actually believe bitcoin is a revolutionary form of money which is changing the world, after all if you believe bitcoin is way better than fiat then the temptation to sell your bitcoin for fiat diminishes in a considerable way.

I believe the reason for the hold bitcoin that most bitcoin believers preach to others is for the reason that most investors believe more in the long term price increase of bitcoin than the short term.
There is a big difference between Trading bitcoin which involves buying bitcoin low and selling high for profits as soon as the price climbs up, investing in bitcoin is another thing altogether, and for all I know, if one really want to make good money from investing in bitcoin, then such investor should be ready to hold for the long term, simply because , there is no much profit from holding bitcoin for the such term except you are selling to rebuy back immediately the price drops, which is trading.

And what is the point of this collecting, what do you need it for? I think that bitcoin was not created for this, it needs to be used. Imagine if now everyone will only hold, then in this case the idea that Satoshi laid down will be lost. Although this is exactly what is happening now, everyone perceives bitcoin as an investment, and buy bitcoin for a long-term investment with the hope of making a profit.

True the purpose of holding BTC is because of investing with big profits in the future.
Holding Bitcoin In contrast to our other assets to withstand Bitcoin must be more patient and not affected by anything including the market to bearish, hit by FUD news attacks that cause us to doubt, not selling in the near future because basically, Bitcoin must be long -term to feel the advantage Even better, because I have the same reason in Bitcoin that can survive even though the market is highly high.

Quite patient and wait for the right moment to be ordinary after Halving Bitcoin always reaches ATH again according to the previous history so now I can only hold and continue to accumulate while still being and the price is low.

By holding bitcoin for long term may faces losses but its your choice that are you ready to sell your bitcoin for losses or wait further for the suitable circumstances. If you hold bitcoin for lengthy time period then if a market drops then your profit will totally depended on your choices if you want to reduce your failure in investment then wait more and more until the price gives you worthy results.

Bitcoin increases your profit if a person has accurate Knowledge and take steps according to the rules and circumstances and can make decisions accordingly.

People always prefer bitcoin because a history shows that bitcoin always offer increase value of cost rather than reducing values.  Bitcoin has minimum chances of losses and those who invest in bitcoin does not have any trouble of losing money if he use his Knowledge and has active mind.

If you can say that the reason I hold Bitcoin is because I think that my Bitcoin is my investment asset.  Although there are some people who think to use it as a currency exchange.  I'm not going to bet on the Bitcoin price going up high but I just love collecting Bitcoins.  That's my personal opinion.

Invest to earn profit...
But that never it simply works like that - earning a profit only becomes possible if we learn how to hold. Holding Bitcoin is just like saving your fiat money. So if we have the reason why we save money, that is also the same reason why we hold Bitcoin. Only in different ways but the purpose is the same.

Unfortunately, not all are doing this and that is because they are also uncertain about holding. In this volatile market, holding is necessary otherwise, you fail in reaching your goal (profit).

Many people have different ways of trading Bitcoin depending on how they want it. Some people will just leave their money in Bitcoin because they strongly believe in it and hope it will have a high value in the future, while others believe in trading for a short period of time and taking whatever profit they can.

Apart from being the first cryptocurrency, Bitcoin also provides us with financial freedom because keeping Bitcoin in your personal wallet is the same as keeping gold because you will be the only one in control of your assets, unlike banks and other crypto exchanges.

people are just giving their opinion regarding bitcoin. such as don't sell, because the potential price in the future will be very high, or don't sell now because the price is still low. However, all the decisions are yours. no matter what people think about bitcoin, what you need to think about is your decision after that.

regarding your question, well not everyone holds bitcoin for a long time just because they hear stories. If you do your research you will know why people hold bitcoins for so long. especially if you look at the price changes from year to year.

there is no secret about the different ways to take advantage, it's just that it all depends on each person's strategy and patience.

holding bitcoins long-term doesn't mean we can't get losses. however, if you look at history, holding bitcoins in the long term can make us get big profits. however, nothing is certain in the world of crypto. what you need to remember is that the profit you are targeting is as big as the risk.

At first I was attracted due to its exclusivity, since only a few people are able to obtain or holding bitcoin. The second reason is because of its price. That time it is only around $200, although it is low compared to the price today, it is still quiet a large sum. The third reason is due to people saying that it could be an investment on par with stocks are real estate. I was shocked to learn it at first and at the same time doubtful coz how could an ordinary individual could participate with global economic investment with not that much money? And then here's crypto that actually disrupt our tradional views on finance. When I first encountered bitcoin I was not yet at legal age at the moment but, I want to earn money for me and also to have a litlt bit savings. At that time there are no opportunities available for me due to my age, then I found bitcoin that opens a lot of possibilities for me.

I think the majority of people are interested in crypto because of profits. They want to increase the amount of money for life. I'm sure that's the case. Crypto instruments are becoming a means of business today, the goals written in their projects are not the main goal. They write that to entice users to use their products. In addition I think these technological advances and changes will definitely happen. Digital money will eventually begin to replace government-printed banknotes or coins.

This is one of the common but most comprehensive explanations of why people hold Bitcoin. It is not only for the love of the coin but for profit. Every that believes in bitcoin has a love for the currency because of some unique advantage it has over fiat but we are all in the Bitcoin environment for profit. And you also highlighted the importance of patients because profiting might take some time. It will also be okay if one has a plan that one can use to transfer his coin to successors because life is unpredictable.

There is no one opposing your plans and views because anyone is really hoping this will happen to us someday if our prediction is successful, as long as you know the risk of it and are not thinking one-sided only because thinking one-sided only and blindly checking the risk will be the reason you lose a lot of money since for sure you'll go all in because you are 100% sure and it turns out it fails, then you'll end up living in the streets. Invest what you can afford to lose

It's important to understand that the decision to hold or sell Bitcoin is ultimately up to the individual investor and their personal financial goals and risk tolerance. Some people choose to hold Bitcoin for the long term as they believe in the technology and its potential to become a store of value like gold. Others may hold Bitcoin for short-term gains or to take advantage of market fluctuations.

One reason why some investors advise against selling when the price starts rising or falling is that it can be difficult to time the market. Bitcoin prices can be volatile, and trying to sell at the peak or buy at the bottom can be challenging, even for experienced traders. Additionally, if an investor sells their Bitcoin during a dip, they may miss out on potential gains if the price rebounds.

However, holding Bitcoin for the long term is not a guarantee of profit. Like any investment, Bitcoin is subject to market forces and can experience losses. Past performance is not an indicator of future results, and investors should be prepared for the possibility of losing money.

Ultimately, the decision to hold or sell Bitcoin should be based on an investor's financial goals, risk tolerance, and market knowledge. It's important to stay informed about market trends, technological developments, and regulatory changes that could impact the price of Bitcoin.
Ultimately, the decision to hold or sell Bitcoin should be based on an investor's financial goals, risk tolerance, and market knowledge. It's important to stay informed about market trends, technological developments, and regulatory changes that could impact the price of Bitcoin

The straightforward explanation is that we hold Bitcoin in order to profit from its volatility. It actually depends on the person how long it will hold. When owning Bitcoin, each person should have a different justification. For myself, I hold it in until I can sell it for a nice profit. That doing so will certainly boost my portfolio. Consequently, I continue to accumulate Bitcoin when it dips. That's how my approach conducts. It's not necessary to keep something forever before we can no longer use it. Because we are uncertain of how long we would exist.

People hold bitcoin for bull market to make profits. Small investments can only get you little profits as the market pumps up but massive investments can get you rich. Holding on to Bitcoin is one of the greatest achievements in the space because it is a leading project in the cryptocurrency market. Keep track of individuals who purchased bitcoin at $16k and are now seeing bullish price movements to $25k or $30 the amount of money they have made an overwhelm and Important.I hold Bitcoin also to not try catch a train going full speed.As for me l hold Bitcoin for the future.I know very well to invest in Bitcoin will make me to be a wealthy man in future.invest a whole lot into bitcoin especially now that the market is currently experiencing some steps of bull trend to actually encover the actual definition of someone been rich.

i think your definition of rich matters, because you need to invest a whole lot into bitcoin especially now that the market is currently experiencing some strides of bull trend to actually encover the actual definition of someone been rich. Small investments can only get you little profits as the market pumps up but massive investments can get you rich. For me I think the reason for holding my bitcoin is specifically based on getting rich because I cant actually invest a huge capital that can get me rich but atleast i can use a means of saving my money with little interest added to it unlike the fiat banks where i would actually enquire losses.

All of us here who continue to believe in the future of bitcoin, of course, will hold in addition to getting high profits, of course holding bitcoin is a solution for us to save the wealth assets we have instead of having to keep them in the bank, now many of us which indeed makes bitcoin the main investment asset for the future so that as one of the largest cryptocurrencies in existence it is very unlikely for bitcoin to experience a price drop low enough let alone to have no value at all later.

I think that investing in Bitcoin will make everyone have a good future, especially from an economic point of view and plus I am a father who has children, at least keep bitcoin no matter how much I have, at least it can make my children have provisions in the future  for a living, or turning it around to run a business out there, and I'll definitely be working hard to provide direction from now on, so that later on they know what to do with those Bitcoins, without any direction from me..

Bitcoin provides us with many utilities, such as means of payment, currency, and asset storage… but holding bitcoin for a long time has only one purpose, which is the profit it brings us. With all that bitcoin has done in the past it is an asset that always grows over time and people hold it in the hope that it can make them rich. Holding is good, but I disagree with many opinions that they will keep bitcoins forever, bitcoins only benefit when we use them, so sell them when we need them.

There are many behind of the reasons for holding bitcoins for me. First of all it's give me secure investment platform and then it's also free me from the custody of the banking system. And it is the top and fastest growing Cryptocurrencies coin in crypto world and it's total supplies is only 21million which amount is gonna be small against the world population and As its usage is increasing day by day, I think its price will obviously increase in the future as the supply is less than the demand and this is one of the main reason for me to hold Bitcoin.

I just think I will be able to sell it 10x someday at least, my average BTC price is around $25K now. So I'm gonna HODL it and keep buying when it's cheap.

Holding on to Bitcoin is one of the greatest achievements in the space because it is a leading project in the cryptocurrency market. Keep track of individuals who purchased bitcoin at $5k and are now seeing bullish price movements to $60k; the amount of money they have made is astounding and significant. I'm always willing to help out with this endeavor. According to the leading market gurus and specialists, the bull run that will take bitcoin to $100k will undoubtedly take a long time. One of the biggest discrepancies one can make is not investing in bitcoin, which is equivalent to investing in a business while well aware that you're skipping some necessary purchases that must be made before that business can expand.

I believe investing in bitcoin will make me rich, especially now that there is a 4 year cycle that convinces me to take that opportunity, there are many alternatives that I buy for investment other than bitcoin

Bitcoin is not my only source of income. Infact I consider bitcoin not as a source of income but a store of value with potential for future increase. So, I do not even think twice about why I hold.
I just buy and forget about it. It is like buying gold or any other precious metal that you fancy. You buy it and keep it and turn your focus towards something else knowing that it can never depreciate in value. Despite the volatility of the market, my confidence stems from the fact that it can never go to zero.

Nobody has urged us to hold forever. Besides, we have our own decisions and control of our Bitcoin, and we can sell them anytime if we want.
We can hear that many individuals are suggesting holding during the bear season but it was reasonable because it was not ideal to take that option (selling) when you are losing. The price of Bitcoin doesn't just pump up after buying that is why holding is should be applied. If we are familiar with this cycle - buy, hold, and sell, meaning we accumulate today and sell later when the price is already profitable, and that is investment.

Too many people here realized long time ago that fiat is not a good thing and it doesn't really give you anything serious and that should be a good enough reason to just focus on something else, which in our case is bitcoin. It's such a horrible feeling that fiat, which is used the most and accepted everywhere and basically runs the whole world, is such a terrible thing for regular people like us that we are trying to run away from it.

If you are Elon Musk then you have no trouble with fiat, even though he acts as if he likes crypto, he doesn't have to, but if you are like me, the system is crooked for those rich people and that is why I pick bitcoin over any other currency.

This is actually depends on someones preferences and perceptions towards Bitcoin or on making money or whether they do really treat it as a digital currency, but i do believe that most people would really be coming after for making money since we know that human beings does really love money.This is why they would really be tending to hold it no matter what because it does really give out that opportunity.Just let them be on whatever those things that they do have in mind because not all would really be that having on the same thing on what they do been thinking.If they do tend to hold for long term then its their choice.
Its their money so its their full decision whether on what things they would really be doing.

It's not bad, the fact of having opened your eyes on time is one of the best things, for these reasons people change their way of saving and having money through bitcoin, also the best thing is that money is not necessary Let no one else manage it, if you have the public and private keys, the money is yours, when there is money in the bank, the money is not really ours, I have read some cases where there are banks that fail and do not return their funds to to the people That does not happen with bitcoin, unless the private keys are lost, it is impossible for them to recover them, which is why it is also delicate.

Op's position about selling when the price looks right is reasonable. I don't support the idea of eternal hodling either because if a person never gets to benefiting from the wealth generated by Bitcoin, there's little sense in having it at all (unless the point is to donate it to others, of course, so that someone else benefits from it). I sell occasionally when I need to and/or when the price seems better than it's been for a while. I don't feel bad about it, and I would use Bitcoin directly if I could purchase groceries or pay the rent with it, but it's not possible yet. I also understand those who want to wait till the time comes when they can use Bitcoin directly, but even this waiting time should have a maximum limit because there's a chance it'll never come (and, in another sense, we're already living in the world where Bitcoin can be used for many things if one is willing to look for the right places, brands and options).

At the moment, my assets are mostly outside of bitcoin, but in stable coins. The fact is that before, bitcoin was worth little, and the world knew little about it. There was a huge prospect for growth. Now, when people are constantly talking about bitcoin on TV, its price is not growing as rapidly as before. And the market is no longer so predictable. Plus, a lot of speculators are playing on the price, and the influence of enthusiasts is weakening. This affects the fact that just holding Bitcoin becomes unprofitable.

Hold the amount of bitcoin you can afford to leave with for a long time without any panic on the price whether it goes up of down, if you hold bitcoin and you know ot as an alternative financial and investment tool it will bring a level of freedom to you are tou are sure, that your bitcoin can not be blocked or unusable and no one other than you is in control of your bitcoin balance.
So to me, I have multiple reasons why I hold Bitcoin, but my ultimate reason is for the freedom it presents and is a readily available alternative.

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.

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!

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.

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.

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.

Privacy will become more important than anything else, because it will protect everything we have.
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.

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.

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 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?

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?

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.

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.

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 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.

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.

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.

First I was going to say is that, you've come a long way and have got a long way to go but, that's cool. For what is worth, you've responded out of your understanding and that's okay.
The thing is, bitcoin in recent times have come to not be just a currency. It's multi tasked or multipurposeful and as such, you've got to treat it not just as you treat other currencies out there but as an asset. You don't see people doing away with an asset having some potentials just the way they like. You've got to give it the time it needs to appreciate in some lofty value.

It is indeed yours to decide when to take it or not and that's why, you are at liberty with all you've got and the best anyone could offer you is merely an advice. It doesn't go above that and as such, it would be awful seeing some threads of lamentation on how you ought to have hold when the bullrun comes or when you see what your few sats could have been worth in decades.

I disagree with people mindset keep holding when Bitcoin reached higher price and they will be panic selling when Bitcoin drop or faced with bad news, I think not matter become long term holding with Bitcoin but still not stable price and some time facing bad news have impact with Bitcoin price going drop.

I take opportunity keep selling Bitcoin and not have reason with long term holding if get chance for selling on higher price and buy back later with lower price. Maybe some one with good financial keep holding Bitcoin in long term and have another passive income without have to sell their Bitcoin assets.

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.

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.
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.

Thats it, because Bitcoin is unlike anything else, meaning its deflationary and its adoption
grows this contributes to its decreasing supply and increasing demand. This also
means in the long term its market prive increases.


This question has been asked many times here on the forum. Not everyone can or wants to
time the ATH to take profits, ^{others can and do}, it can be very tricky and hindsight
is 20/20 vision.

As mentioned by others, Bitcoin can be many things and when you have complete control
over what you own in your own personal wallet you are free to do what you want 24/7
365 days of the year.

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

If you understand investment patterns, it is clear that bitcoin is the best choice to hold in the long term, bitcoin has unique characteristics compared to other cryptos. Currently bitcoin has found a much larger recovery from the correction process in the previous year and the accumulation of recovery can be seen from the previous basic correction process. Bitcoin is indeed a long-term asset, proven to be able to provide benefits to whoever holds it.

I am holding bitcoins because:

1) It is the first crypto.

2) It is based on blockchain which I trust.

3) My clients want to pay me in bitcoins

4) I have got good returns by holding and investing in bitcoins so far

5) Bitcoin has a limited supply which makes it more valuable

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.

I would have to list these reasons for a very long time

Is the meaning that there are still many people who want to use their investment funds to buy their daily food needs? Why would they run out of fiat currency and resort to using a little BTC to buy food? There's nothing wrong with that, but it seems like people in that situation should start learning basic investment knowledge like financial management.

In addition to their status as an investor being valid, they can still have enough to eat by using income from their job if they are employed by a company.

Regardless of when that time will come, one thing is certain: anyone who owns Bitcoin before it becomes mainstream has already won against their emotions.

At the end of the day, it all depends on you the investor. All others would say is what they believe will be bast for their investment which they believe if you take the same approach you might earn more.

The chat is straightforward and there are no stories even when it is really long, HODLing your Bitcoin asset for the long term is profitable and investors that have taken that step will likely tell you not to sell cos they have seen it happen over and again, Bitcoin will always come from the bottom to make another ATH and you would still be in profit. Imagine an investor that bought during the 2013 ATH around $1122 and is HODLing to date.
Even someone that bought during the ATH of 2017 would still be in profit now, However, I do understand what you are saying. I know I would want to sell during ATHs and buy back during bear markets instead of holding the same amount trough out the whole continuous circle.

I did that, so far I feel lucky. I know BTC from 2015. There are actually two final results that I know. He got richer or he lost then went out and didn't get back in touch with crypto.  

There is no special secret everyone can learn and master. It's just that everyone is capable of mastering or not. There are three keys that I hold technical, fundamintal and disciplined.

So far no, but if he made the right decision. If I were holding back from 2015, then at the current price I would have ten times what I was holding at the time. As far as trust in BTC still exists, it doesn't matter.

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.

As a fellow crypto enthuisiast, I understand why your confused by the hold vs. sell debate when values fluctuate. A mind-bogling choice. Before risking money, establish a plan. This plan should handl hazards in the short and long term.

I carefuly watch the market. I make smart movements with the current dope and trends. Crypto investment isn't conventional, but if you sell or hold at the proper time, you can profit. Be sharp, patient, and brav enough to call in when the chips are down.

Cryptocurrency requires a zany sense of humorr. Even seasoned investors can't predict the markets swings. I joke that investin in bitcoin is like ridin a rollercoaster—you may pee your pants, but it's worth it. Do your research, make a strategy, and prepare for the ride if you want to join the crypto bandwagon!

there are dozens of reasons to hold or not hold Bitcoin. it all depends on many factors, including fiscal or legal ones...but actually having easy access to conversion into fiat or merchants who accept it for payments would lead to more users willing to hodl. it's probably just a matter of time... waiting for the next halving....

Are there other reasons than to earn profit except for making huge transactions while avoiding taxations? I think reasons of people from holding will only revolve around these two. Bitcoin is simply a digital and decentralized currency which may be used for transactions but is also an asset wherein there is a tendency for a market price increase over years, problem only is market price volatility. Given that the market value is solely dependent with demand, it is not surprising that its value will change from time to time depending on events related on this technology or industry in general. But many investors are making a way to make use of this volatility and to generate profit so I guess there's no other reason.

First of all everyone suggests you to invest in Bitcoin for long term. Because we have seen before that many people have made huge profits by investing in Bitcoin for the long term.  Maybe now you are buying some bitcoins but after some profit when you sell the bitcoins you might get small profit.  Everyone tells you to hold for long time to get more profit.

Investing in Bitcoin does not mean that profits can be confirmed. Profit and loss are mainly invested with them.  However, the amount of profit that can be earned by investing in a short period of time can be several times more than that of holding for a long time. Yes maybe long time holding has not only the possibility of profit but also the possibility of loss. But if one can be patient then surely it is possible to recover that loss and earn much more profit.

You only need to run what you want on Bitcoin. If you don't want to hold it in the long run, it doesn't matter at all because Bitcoin is basically only the owner who can control it.
Maybe you can enjoy the pattern that you are currently doing, then continue.

Let us do the long term holding.
One thing is certain that Bitcoin can provide much greater benefits for those who are able to be patient with long-term investment patterns.

But unfortunately, 99% of people in this market are looking at bitcoin as an investment rather than a currency, only 1%, like you see bitcoin as a currency. I believe that whether bitcoin becomes popular or not, it will be called a commodity rather than a currency. No government accepts it as currency even el-salvador call bitcoin a legal tender, but their government is investing in bitcoin and hopes it will rise again.

Because fk the authorities and I don't want them having control over my finances.

And of course, money. Who doesn't want to take advantage of the value increase?

I believe it will be more in use later and now I'm saving it for future

I guess you're looking at people who look at Bitcoin as investments. Ofc they wouldn't want to sell it when the price is low (or below their initial investment price), they'd simply end up at a loss with that. As an investor they'd always have a set goal or point where they'd naturally sell their coins to take profit, it could naturally take a long time if the price point they sell is higher than what it is currently right now.

As for being a currency, well, Bitcoin is pretty much usable anywhere and no one can actually limit you to using it as one.  I don't think anyone would have a problem with having something like that at all times.

I hold because I wanted to earn more. I believe this is the purpose why people are coming here. Why people never sell their Bitcoin when it icreases a little bit, this is because they are not satisfied yet with the price. We have trusted Bitcoin and comfortably it grow more that is why we hold until such time it comes and sells them.
We can't control the price, that is a fact. But I have control of my Bitcoin because that is mine and I have the keys to access my wallet and I can sell or transfer them anytime I want. I don't think bank is better than this...

The future of Bitcoin is as long as our future. When our future is over then Bitcoin as an asset that you use as a means of profit in real life will end for you. If you save your seed phrase or private key and hand it over to someone you trust before life ends, they will carry on your hopes.

There are two types of people holding Bitcoin. The first type uses Bitcoin as a means of payment. The second type uses Bitcoin to reap huge profits when the price of Bitcoin reaches the latest ATH. Whether it will be a loss because of holding it for too long, my answer is no. Bitcoin will reach the latest ATH level and that is the basic motivation in holding Bitcoin because history has proven how Bitcoin travels.

Targets, priorities, mindset.
It all depends on the investor. There are investors who bought Bitcoin because they want to hold it for long term. There are investors who are buying Bitcoin because they want to use it to buy stuffs online. There are some investors who are buying Bitcoin for short-term profits. You don't get it because you are only focusing on one side.

Long-term depends on how many years is "long-term" for you.
Long term might be 3 years and with that span of time, Bitcoin experienced losses after it going up so much. Bitcoin experienced losses over the long term, but looking at its price movement for the past 14 years, it goes up, it goes down to make a huge retracement and it will go up again even higher than it's previous high. Now to answer your question, my reason why I'm holding Bitcoin is for the future and I'm holding because of trust. Trust that it will up in the future then I will sell it as it reaches my target.

OP, we carefully read the quote's author, who came to a completely different conclusion last night. Don't you feel like you're inconsistent?
Well, on topic, you are always the master of your investment. No one forbids you to hold Bitcoin as soon as its price rises by a few dollars. But if you don't need money and have an understanding of the value of bitcoin, you must understand that long-term storage brings great profits, as time will always prove.
But yes, I agree that depriving yourself of everything you need in life is sometimes a mistake.  Again, if you have free capital that you don't need to spend now, why not invest in Bitcoin?

You are the sole owner of the bitcoin in your wallet and if you do not want to hold that long then no one can force you.

However the recommendation of holding your coins for as long as you can comes from the fact that bitcoin keeps going up in value, it is true it can go down as well but on average it only goes up, and if that is the case then why sell an asset like that? The most logical move would be to keep it and use fiat which does the opposite process whenever possible, by the way this process has a name and it is called the gresham law and it has been a known process for a very long time.

We just hold it for long so that we can earn profit. I know you are contented, no matter how small your profit is, but not all people have the same mindset as you; it doesn't mean they are greedy, but they want to get more profit, as there is also a high chance in a few years that you can get more profit, though it requires patience. It won't work on you since you can't wait, so we have different strategies. Some of us have the same strategy as you: a small rise, which they will then sell off, while others hold on for a greater chance of getting big profits.

It gives me flexibility. If you live in a country where certain companies aren't available to you (paypal isn't available here for example) then bitcoin gives you an option to make international trades. I can sell my services for bitcoins and then convert them to my local currency and I can also do the opposite. (buying a service or a product) I can do the same thing with a credit card but they only work with the big companies. What If I just want to buy something from some random dude? This is the situation where bitcoin really shines.

You should never sell bitcoin just because price went up or down, a little or a lot.
Bitcoin is not an investment to begin with, it is a currency and you shouldn't buy it only to make profit. It is a currency that is designed to give you financial sovereignty.

I don't hold bitcoin, I use it as a currency meaning as it was meant to be used. To receive payments and make payments.

Not so far and possibly not in the foreseeable future until mass adoption.

Actually when you hold your coins on non custodial wallet, you're have full control over it. You can move or sell it in anytime you want. What we can't control is the price since it's depends on the demand and supply.

Okay, so... what's the problem is?

Many experienced users are only give advice and guide because they don't want to see the next generation regret their own decision. After all if you disagree with them, you can do what you like. You can hold your coins on unknown closed source web wallet, submit every KYC to shitcoin projects, use scam exchanges etc, no one will able to control you lol.

If you look at the graph, you will know the answer.

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?