Why is everyone just HODLing? | Bitcointalksearch.org

rye18

newbie

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Quote from: LtMotioN on April 06, 2018, 06:09:15 PM

Hi Forum
I would like to know what real value you think HODLing adds. What is the point of just holding bitcoin till moon and lambo ? This is cryptocurrency, why aren't we using this as currency? If we all just hold then this whole thing takes on a completely different business model, we lose all real value that it has as currency and it just becomes a full on speculative bubble.

Bitcoin and other currencies have no value if nobody uses them. So I would like to encourage everyone to spend and replace instead of just blindly holding. We won't see merchant adoption skyrocketing if nobody buys stuff with bitcoin. And yes I know it can go up in value, but why not just spend your BTC and EFT some fiat over to your local exchange and replace the BTC you spent ?
If any businesses accept BTC or other currencies it is our duty to support them extra for it and use cryptocurrency.

many people are holding their because they wait for the market value to rise so they can sell it at higher price.

acheampong64

full member

Activity: 588

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Well what you're saying is true though but in my opinion i think HODLing also adds value to BTC. Many are hodling because very soon something big will happen. The market will start mooning and people will earn for HODLING

gidaahmad

full member

Activity: 476

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People prefer to hold their coins because they know, the coins they hold will rise in price. Although in the long term. So people have to be confident with their chosen future.

kateycoin

full member

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Quote from: LtMotioN on April 06, 2018, 06:09:15 PM

Hi Forum
I would like to know what real value you think HODLing adds. What is the point of just holding bitcoin till moon and lambo ? This is cryptocurrency, why aren't we using this as currency? If we all just hold then this whole thing takes on a completely different business model, we lose all real value that it has as currency and it just becomes a full on speculative bubble.

Bitcoin and other currencies have no value if nobody uses them. So I would like to encourage everyone to spend and replace instead of just blindly holding. We won't see merchant adoption skyrocketing if nobody buys stuff with bitcoin. And yes I know it can go up in value, but why not just spend your BTC and EFT some fiat over to your local exchange and replace the BTC you spent ?
If any businesses accept BTC or other currencies it is our duty to support them extra for it and use cryptocurrency.

Yeah you're right we need to buy some of other coin but we cannot others that want to hold their bitcoin or coins because some of them is scared to try it mostly to new in crypto.

Harrow30

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Activity: 266

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DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO

HODLing of Bitcoins have actually helped in its price value hike to some extent. But this can be frustrated if a major hodler dumps what he has. In all, hodling is just a theoretical believe that it will help pump the price.

Ravenangel

member

Activity: 448

Merit: 10

WELL. the whole holding idea reduces the number of Bitcoins, or the coin held in circulation in the market.Little flow of supply in the market with high demand leads to increase in prices hence valuation, Most people hold to add value to their coins, while others do it for greed.

Glutius

full member

Activity: 602

Merit: 100

Quote from: LtMotioN on April 06, 2018, 06:09:15 PM

Hi Forum
I would like to know what real value you think HODLing adds. What is the point of just holding bitcoin till moon and lambo ? This is cryptocurrency, why aren't we using this as currency? If we all just hold then this whole thing takes on a completely different business model, we lose all real value that it has as currency and it just becomes a full on speculative bubble.

Bitcoin and other currencies have no value if nobody uses them. So I would like to encourage everyone to spend and replace instead of just blindly holding. We won't see merchant adoption skyrocketing if nobody buys stuff with bitcoin. And yes I know it can go up in value, but why not just spend your BTC and EFT some fiat over to your local exchange and replace the BTC you spent ?
If any businesses accept BTC or other currencies it is our duty to support them extra for it and use cryptocurrency.

I think it should take a few more years to fully use bitcoin. When the market reaches its limits of capitalization, will cease to give as many X as it gives now, we will start to use cryptocurrencies for business.

zedrickjuls

jr. member

Activity: 196

Merit: 1

Everyone keeps on holding their bitcoin because the price is still decreasing,better hold for long term so that we have a great return soon.

iimin

newbie

Activity: 322

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In my case, still have a believe for future usage & value...

Near future, Most of people & Machines & facilities will connected with smart contract run by coins...

bce

sr. member

Activity: 756

Merit: 250

Quote from: LtMotioN on April 06, 2018, 06:09:15 PM

Hi Forum
I would like to know what real value you think HODLing adds. What is the point of just holding bitcoin till moon and lambo ? This is cryptocurrency, why aren't we using this as currency? If we all just hold then this whole thing takes on a completely different business model, we lose all real value that it has as currency and it just becomes a full on speculative bubble.

Bitcoin and other currencies have no value if nobody uses them. So I would like to encourage everyone to spend and replace instead of just blindly holding. We won't see merchant adoption skyrocketing if nobody buys stuff with bitcoin. And yes I know it can go up in value, but why not just spend your BTC and EFT some fiat over to your local exchange and replace the BTC you spent ?
If any businesses accept BTC or other currencies it is our duty to support them extra for it and use cryptocurrency.

I hold bitcoin because I still have confidence and belief that bitcoin will experience a fairly rapid price increase and of course can bring big profits for me

rhymzy19

newbie

Activity: 1

Merit: 0

Unfortunately, it would appear that it's not really worth trying to spend your BTC right now until adoption becomes more mainstream. Ultimately, this will mean larger corporations getting involved in cryptocurrency. And I honestly don't think we're too far off that.

Once corporations such as Mastercard and Visa accept BTC, or large online vendors such as Amazon (I think we're really close there), that will coincide with a massive price hike in the value of major cryptocurrencies and perhaps even result in discounted goods when paying in BTC and LTC

reyblack

member

Activity: 203

Merit: 10

We are hodling our cryptocoins because we really believe that it will continue to rise more in the market. We all know that cryptocurrency price increase is not yet over, we hodl because we want to earn higher and to be profited more when bitcoin rise so high again at the market. Hodling needs trust and patience.

BitcoinGuruOne

member

Activity: 364

Merit: 13

Quote from: LtMotioN on April 06, 2018, 06:09:15 PM

Hi Forum
I would like to know what real value you think HODLing adds. What is the point of just holding bitcoin till moon and lambo ? This is cryptocurrency, why aren't we using this as currency? If we all just hold then this whole thing takes on a completely different business model, we lose all real value that it has as currency and it just becomes a full on speculative bubble.

Bitcoin and other currencies have no value if nobody uses them. So I would like to encourage everyone to spend and replace instead of just blindly holding. We won't see merchant adoption skyrocketing if nobody buys stuff with bitcoin. And yes I know it can go up in value, but why not just spend your BTC and EFT some fiat over to your local exchange and replace the BTC you spent ?
If any businesses accept BTC or other currencies it is our duty to support them extra for it and use cryptocurrency.

You have some solid points.
But there are few problems with spending thru BTC or other any cryptos, there are not many vendors which accept btc or alts.
Also everyone wants to make a quick buck and day traiding can make you cry like a baby very easily thus the HOLDING strategy.

MostafaGamal

sr. member

Activity: 1153

Merit: 252

We must be careful and do not listen to others always. Everyone should determine what to do in the best time to prevent loss, This does not prevent the presence of trustworthy persons , And people who hold bitcoin certainly have reasons and aspire to the future rise of the bitcoin

richan

member

Activity: 392

Merit: 11

Everyone is holding crypto currency because it has a potential of doubling or tripling anyone investment if only he or she has patience to wait for the crypto currency to yield a good return.

Strannik-74

full member

Activity: 348

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Because now the most correct solution is to save your accumulations! On the fall, it's very dangerous to trade, With improper and unwise actions, you can lose most of your assets!

godfredmanu

member

Activity: 266

Merit: 10

Your arguments is valid in theory but in practice NO, it dont work that way. Everyone is holding because most alternative currencies for instance are based on a value of a project or company like stocks based on performance of a company. People are holding , because, with regard to the roadmap provided by the team, holders think, their crypto coins that are undervalued will rise and have value when the team is able to accomplish the task that is set forth in the roadmap and eventually raised the value of the coins up.

redsap

member

Activity: 336

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Harmony for One and All

Quote from: LtMotioN on April 06, 2018, 06:09:15 PM

Hi Forum
I would like to know what real value you think HODLing adds. What is the point of just holding bitcoin till moon and lambo ? This is cryptocurrency, why aren't we using this as currency? If we all just hold then this whole thing takes on a completely different business model, we lose all real value that it has as currency and it just becomes a full on speculative bubble.

Bitcoin and other currencies have no value if nobody uses them. So I would like to encourage everyone to spend and replace instead of just blindly holding. We won't see merchant adoption skyrocketing if nobody buys stuff with bitcoin. And yes I know it can go up in value, but why not just spend your BTC and EFT some fiat over to your local exchange and replace the BTC you spent ?
If any businesses accept BTC or other currencies it is our duty to support them extra for it and use cryptocurrency.

indeed hodling is better, making calm and slow decision in need is way better than make some rush way and going loss for what you have it, and some time holding when you buy in low price and maybe next year it will make a big pot for you

Cacaparg

hero member

Activity: 835

Merit: 502

to my mind it is the most safiest strategy on this market, everyone reasonable businessman calculates money and dont want to sell with losts))))

koralan

full member

Activity: 462

Merit: 100

Quote from: ciciteng on April 18, 2018, 04:22:13 PM

It is a simple answer; because we are trust Bitcoin.
Bitcoin is not a property that can make you rich overnight. We are here supporting a digital economic revolution.
See the potential behind Bitcoin underlying technology. It's huge deal. It can solve many problems that we cannot imagine before.
So, stay with Bitcoin. Give it some time to be mature enough to be adopted (in daily life). Once it there, Bitcoin will be huge.

The cryptocurrency market has a lot of potential and value so many investors know and invest a lot in this market. Compared with other financial markets such as Forex and stock market cryptocurrency is still very small so I am very confident that in the future the pace of development is very strong.

Topic: Why is everyone just HODLing? (Read 1343 times)