Why people are holding Bitcoin? - page 100.

bakkang

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Quote from: CraigWrightBTC on July 14, 2017, 09:46:51 AM

Quote from: nidacoinlove on July 14, 2017, 09:23:27 AM

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

I think many people hold the bitcoins because bitcoin's price will be more expensive in the future,
bitcoins be considered as new digital gold and digital asset, bitcoins can protect their whealty from inflation
so they hold bitcoins for long time.

Yes. You're correct because as time goes by the price of bitcoin is getting higher. People is keeping btc so that if the price of it will getting higher in the future they will going to sell it.

liliiaolivia2017

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I think they are waiting for the course to grow even more orderly and then they will be able to get it out with profit or make a purchase. I would now invest in a new crypto currency, the same Recoin, the rate at it is still low, and the protection is high at the level of US legislation.

BeGoods

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Quote from: agatha818 on August 05, 2017, 07:18:46 PM

even if its falling and the price been down, a lot of people hold their bitcoin because they believe it will rise, they hold their bitcoin for their future retirement and profit from it.

Yeah one of the reasons users hold back, most of them are certainly waiting for higher prices in the market certainly to gain profit, or they withhold because the price is still low or not in accordance with their expectations. They hold because it is related to bitcoin prices in the market

liamnorthcoins

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Quote from: nidacoinlove on July 14, 2017, 09:23:27 AM

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

Some people will hold their bitcoins as long as they can even if they are tempted to sell their stock bitcoins they can manage not to sell it and even the rate is highest for that day and still they where hoping that it will rise to their prospective rate. People have different plans in their life maybe others have small plans and other have big plans. The best reason for this is your investing your money all you can do is to monitor everyday the status of the coins or even every hour.

Supreemo

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Quote from: Edrian on August 05, 2017, 11:15:13 PM

Quote from: nidacoinlove on July 14, 2017, 09:23:27 AM

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

There are alot of good reason to trust bitcoin and to hold for it for a very long time. It will increase soon and you will benefit from it more than you would.

Quote from: Diablesfunis on August 05, 2017, 12:40:41 AM

The fact that bitcoin supply is limited that makes the price go up is one of the reason.

Exactly! Bitcoin is limited and as more time goes by many people are becoming aware of it and using it. So the demand is increasing, and there is a short supply.

,i agree with it absolutely, well does people care about the price? maybe some or few of them care about the price.. but why do they still hold and invest more when it drops the price? because they believe in its true potential and yes they are not just looking shortly or saving it for short term purpose but they are looking forward for the greater future. This is how I imagine what would people say if you would ask why did they still hold it for good.

Tipsters

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Just like what happened in the past days. Why people holding bitcoin because bitcoin still has a huge potential in the late run. in the past few weeks bitcoin's price is around 2700$-2800$ look what is the price now it is 3220$ therefore for some bitcoin holders with 2-3 btc on their wallet they naturally get 400usd x 2 800$ usd income. thus they are holding bitcoin because the bitcoin may still raise to another level.

DoublerHunter

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People are holding bitcoin because they think and believe that bitcoin has a lot of possibilities in the future. Bitcoin price is getting higher and higher because of the continuous trend of it and also there are people who are seeing bitcoin as a great opportunity for earning money and that is why people are holding bitcoin and they are just keep doing it.

NoNetwork

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Quote from: Layyla on August 05, 2017, 07:34:42 PM

Peoples are holding BTC because they are waiting it to grow up and make some money, also they can invest in mining and get double.

It is mainly because they have some amount of Bitcoin to hold for, I mean you need to have a large number of it. Having huge amount of it means that you are now a major holder of Bitcoin. It could also affect the price of it, if you could just analyze it, these major holders greatly affect the price of Bitcoin. If they suddenly convert or sell in mass number of it, the price significantly change.

Edrian

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Quote from: nidacoinlove on July 14, 2017, 09:23:27 AM

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

There are alot of good reason to trust bitcoin and to hold for it for a very long time. It will increase soon and you will benefit from it more than you would.

Quote from: Diablesfunis on August 05, 2017, 12:40:41 AM

The fact that bitcoin supply is limited that makes the price go up is one of the reason.

Exactly! Bitcoin is limited and as more time goes by many people are becoming aware of it and using it. So the demand is increasing, and there is a short supply.

seyola89

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Quote from: nidacoinlove on July 14, 2017, 09:23:27 AM

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

Because BTC pros like me strongly believe that BTC value can rise to as far as $10k+ in the near future due to it's lots of real life use cases!!!

TheNextChampion

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People hold bitcoin because they see that this coin have a potential to growth. If you have many bitcoin that you buy and hold in the past at the low price. You have a good amount of growth considering bitcoin reach another milestone. Another thing is bitcoin can make you rich if you have bought in the past.

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Quote from: Raven91 on August 05, 2017, 07:59:46 PM

Quote from: nidacoinlove on July 14, 2017, 09:23:27 AM

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

Now congratulation to all who hold their bitcoin is what they were waiting a huge pump in bitcoin price obviously people is holding there bitcoin because they are still hoping that bitcoin price will continue to pump in the market which is happening today that bitcoin go to 3200$ already.

it seems many people will put happy smile in their face because the price is increase until $3xxx and now still increase. they have their patience this time and they are really make big profit. people still holding their bitcoin is because they are sure and believe that the price will be increase soon and they only waiting and do another thing. i am sure they are now really happy.

Raven91

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Quote from: nidacoinlove on July 14, 2017, 09:23:27 AM

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

Now congratulation to all who hold their bitcoin is what they were waiting a huge pump in bitcoin price obviously people is holding there bitcoin because they are still hoping that bitcoin price will continue to pump in the market which is happening today that bitcoin go to 3200$ already.

Jmmerquita

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people are holding bitcoin because it has a cap up to 21 millions of coins. Can you imagine the value of BTC right now @ $3,249 as of now and the supply is around 16 million.. There are 7 billion people in the world. I am excited for the real value for Bitcoin.

Layyla

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Peoples are holding BTC because they are waiting it to grow up and make some money, also they can invest in mining and get double.

agatha818

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even if its falling and the price been down, a lot of people hold their bitcoin because they believe it will rise, they hold their bitcoin for their future retirement and profit from it.

South Park

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Quote from: hovrah on August 03, 2017, 04:23:02 PM

Quote from: minizi99 on August 03, 2017, 03:23:10 PM

Quote from: South Park on August 03, 2017, 03:00:30 PM

Quote from: Rinder on July 30, 2017, 02:25:00 PM

My wife wanna travel with the money i can get from bitcoins, i told her this investment i wont moove until 2020, the next bitcoin halving where i do expect bitcoin around 5000 dollars or even more, she doesnt care and we had discussed, i dont wanna to use my coins, since i believe it will be more valuable over time, my childs can take advantage of bitcoin on the next 5-10 years.

Money is always a difficult topic to discuss with your partner but you need to try to make her understand the importance of what you are doing, you can use your bitcoin to obtain short term benefits or you can use it to obtain long term benefits, if you explain things to her, maybe she will understand.

I would prefer to take a loan in this case than to spend bitcoin. The loan can then be given away, and the spent bitcoin can not be returned.
In general, the investor should not change the strategy and abandon the earlier adopted plan

I think Bitcoin lending can be very detrimental. The fact is that Bitcoin is not that kind of money. What was the real currency called. You can take Bitcoin on credit and the abyss.

I think the previous user was talking about taking a loan on fiat and not a loan on bitcoin, but the truth is that I do not like the idea of being indebted, having debt is just another form of slavery where you need to use your time and effort to benefit someone else.

Ilegendph

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Quote from: nidacoinlove on July 14, 2017, 09:23:27 AM

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

It has something to do with law of supply and demand. The demand for bitcoin is high since it is very popular currency for online transactions.Since bitcoin is limited to 21 million, by keeping it (hoarding) in large volume will make the price too high.

yrreg ger

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Quote from: BrewMaster on July 14, 2017, 09:41:58 AM

Quote

... the price fall is more than the rise

WRONG.
you need to look at the bigger picture.
right now you are just looking at a short period of time where bitcoin price has came down a little. if you look at a couple of months you can see a rise from ~$880 to $2900 and right now it is sitting between $2200-$2400.

even if it falls more it will still be much much higher than the couple of months ago.

with that said, did you get your answer to why people hold bitcoin

I agree. Bitcoin price drops to a very low value few years ago. But it was able to recover and now its on the way to $3000. As long as people continue to use this cryptocurrency it is possible that it will still rise its price. And people are just waiting for the right time they think they can earn the amount they want through converting bitcoin. They're holding it up to now because they think it is not the right time yet. Still patience is the key to this.

Skieleton

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Because it is still growing in strength

. 7.00 AM BTC will reach the price of 3100 $. This is a very good investment for this moment.

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