Why people are holding Bitcoin? - page 105.

StarofBTC

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Quote from: SonyEricSon on July 27, 2017, 04:48:50 AM

The reason is that the potential rise in bitcoin prices to rise is huge, so some people opt for long-term investments with bitcoin.
You can see bitcoin graphics year after year, you will understand why

Yes, that’s the main reason people are holding onto bitcoins. Everyone in the crypto world knows that bitcoins have the potential to touch sky in the coming years. Even after the Segwit, values are going to increase drastically. People are keeping coins in their wallets simply to enjoy a ride to moon.

ibuddy122505

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Because of bitcoin market prices often change, people get profit easily. BTC has very high volume, so people are very interested in holding it. In addition, promising currency, high demand, etc. makes Bitcoin most reasonable item to buy it and hold unlimited time get the max profit.

Jombrangs

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Quote from: nidacoinlove on July 14, 2017, 08:23:27 AM

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

they or we thinking bitcoin will increase the price higher than what the price we buy

dreamer81

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Quote from: xbiv2 on July 14, 2017, 08:24:17 AM

Why people are holding Gold?

Exactly. And this is the true essense of bitcoin, it's a limited supply that makes it rise in value. Look at 42coin for instance, only 42 coins exists. the price is well above 10.000 USD...

Silberman

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Quote from: planfox on July 25, 2017, 04:20:05 PM

Quote from: bitcointarget on July 25, 2017, 04:13:55 PM

Quote from: Blackdeath on July 25, 2017, 04:07:13 PM

Quote from: nidacoinlove on July 14, 2017, 08:23:27 AM

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

Bitcoin are being hold by many people due to the reason that it can provide income to support financial needs and at the same time, people trust bitcoin to uphold their money because bitcoin is making it possible for the money to grow with its large price pump and also bitcoin is widely proven and trusted that is why people are still holding into bitcoin because of its benefits and being true.

First we started to hold bitcoin to have extra income every month to do simple things. Then we discovered bitcoin can be used for more than this small income. We begin to hold it for the market value. That was my way.

It was not only your path but also the path of many people who came to the crypto currency. Previously it seemed that bitcoin is a non-serious investment, and then you realize that investments in bitcoin can bring a very large income in a few years

As people have began to understand the potential that bitcoin has, then it has become a lot more common for people to hold for long periods of time, at the beginning no one thought too much about bitcoin and people spent tens of thousands of coins in useless things but now even holding one bitcoin is becoming more difficult because the price keeps rising.

ReLieD

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They are holding Bitcoins because Bitcoin prices are going to rise soon According to the news and so most of them are waiting for that to happen and also the rise in prices are more then they fall According to my research. Therefore holding Bitcoins is the best option right now to make profits

MiF

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Quote from: nidacoinlove on July 14, 2017, 08:23:27 AM

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

For me I am still holding my bitcoin in my wallet because I don't really need a cash right now,
That is the only reason why I am still holding besides who knows maybe the price would increase after all there might be a chance that it will be pump.

CODE200

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Quote from: nidacoinlove on July 14, 2017, 08:23:27 AM

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

I think the reason why people tend to hold into their bitcoin is due to the reason that bitcoin's price value is continuously fluctuating leading to more possibility to earn or gain more than the usual money you have. In addition to that, people are still believing of bitcoin's capability to pump despite of the continuous dump happening a couple of weeks ago. They are still waiting and expecting that after these dumps, pump will happen to regain the lost by selling their bitcoins in high price value for more income.

rodskee

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people are holding bitcoin even the split issue bitcoin altcoin fall down but people holding and holding the bitcoin because people are believe bitcoin value go up again and continue pumping holding of bitcoin is an investment.

Granxis

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Quote from: malikusama on July 29, 2017, 11:12:12 AM

Bitcoin meets the test of people in the past that's why users rely on it and holding it, they believe that it will continue to grow in the future as it came from $800 to $2600-$2700 now.

You are right, but there are sudden price drops, I expect a big decline at the end of this month, the decline in last week worried me very much. now 2712 dollar

malikusama

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Bitcoin meets the test of people in the past that's why users rely on it and holding it, they believe that it will continue to grow in the future as it came from $800 to $2600-$2700 now.

NoNetwork

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Quote from: Kevondo on July 29, 2017, 10:14:35 AM

Quote from: Gummybear67 on July 26, 2017, 07:09:29 AM

Simply because people speculate that value will pump for the next days or time for them to get a higher value.

yes a lot of people do not want to sell their bitcoin because they are aware of the bitcoin price that it will increase more after a few years and then they will be able to earn more money bitcoin has gone a bit down now a days but everyone is hopping for the best result at august first and a lot of problem that bitcoin is suffering from will be removed after august first so this is the main reason why people are not selling their coins and still they are holding it.

I don't think that It could be the main reason of it all. They're not saving just for the hope that the Bitcoin price will increase after some years, because we really don't know what will happen in the future. Well maybe Bitcoin will not be as successful as we thought it would be, who knows. Regardless of what will happen in August 1st, they will still hold some amount. And for what reason? Its 'timing', your guts will tell when you will sell those coins of yours. Since we don't know when would the price could increase, then it will be just your guts to know if now is a good timing.

Kong Hey Pakboy

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Quote from: nidacoinlove on July 14, 2017, 08:23:27 AM

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

People have many reason why they are holding bitcoins maybe they are waiting for a higher value of bitcoin before they sell it and maybe they are planning to save it for the future of their kids or for their future or maybe they want to buy something expensive so they are earning lots of btc before they sell it

Kevondo

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Quote from: Gummybear67 on July 26, 2017, 07:09:29 AM

Simply because people speculate that value will pump for the next days or time for them to get a higher value.

yes a lot of people do not want to sell their bitcoin because they are aware of the bitcoin price that it will increase more after a few years and then they will be able to earn more money bitcoin has gone a bit down now a days but everyone is hopping for the best result at august first and a lot of problem that bitcoin is suffering from will be removed after august first so this is the main reason why people are not selling their coins and still they are holding it.

SacriFries11

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I think people still holding their bitcoin in believing that it's prize will increase and it's possible that it will. Even lot of speculation that bitcoin will die and it's prize will downfall but instead of this they still believe and hold there bitcoin. It's not bad to hold their bitcoin as long as it's secured in trusted wallet.
Personally, I'm holding not only bitcoin but also altcoins for the future waiting the prize like skyrocket but convert few amount bitcoin when the prize is good.

Wayan_Pedjeng

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I am holding my coins because I am sure that Bitcoin will give me a good ROI in the future. I don't know how much the exchange rates are going to rise, but I am certain that the returns will be much more than that I get from equities, mutual funds, bullion or even treasury bonds. I am ready to hold my coins for 3-4 years more.

aryana42

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Because those holders bitcoin, understand potential thats in bitcoin. As more countries accept bitcoin as means of payment. Holders making bitcoin as an investment tool.

eann014

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We are holding bitcoin for our better future, because we think that anytime it can increase its value, except for Aug 1, 2017.
But after that, for sure it will increase its value and make our bitcoin higher for us to have better financial income.

pinggoki

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Quote from: nidacoinlove on July 14, 2017, 08:23:27 AM

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

I think just because they wanted gain higher profit. There's a lot of people who says that if you buy bitcoin now you will earn a higher profit. We all known that bitcoin is volatile so there's a possibility for its price to become enormous.

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Quote from: Polar91 on July 29, 2017, 05:52:57 AM

Quote from: nidacoinlove on July 14, 2017, 08:23:27 AM

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

People are still holding into their bitcoin because they are still believing and expecting that despite of the continuous dumps or let us state it as unstable status of the price value, bitcoin's price will comeback into a price pump sooner or later. They just see the dumps as a great count to buy bitcoins and sell those when the price pumps. Bitcoin's price pump and dump are just normal scenario in the market so they still tend to hold into their bitcoin and do not worry about it.

At the end only the users who believe in bitcoin keep hold of it. Other people are cashing out as well holding it in the form of altcoins. This is just because of the FUD and the panic created based on the upcoming August 1st. Hope nothing bad happens causing a disaster to the network.

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