Author

Topic: Why people are holding Bitcoin? - page 106. (Read 58467 times)

hero member
Activity: 1120
Merit: 553
Filipino Translator 🇵🇭
July 29, 2017, 06:52:57 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.
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
July 29, 2017, 06:06:17 AM
Who's dumping now will regret later for sure and those who hold regardless of the panic around we'll be in good profit.
Sure it is evident that people who are dumping the coins will regret in the future ,even if there is a split you will get those coins in the same ratio and there is nothing to worry because the price will increase after the forking.

Some people even say there will be no fork. Idk, is that possible? I mean in theory people can agree on something good for everyone, right?

But in either outcome, holding now is good because "The end of Bitcoin" predicted by some individuals is not going to happen.
sr. member
Activity: 338
Merit: 250
July 28, 2017, 08:14:35 PM
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

They usually hold their bitcoins to get higher prices, no matter what they are now, because they have their own belief in future bitcoin prices
sr. member
Activity: 246
Merit: 250
July 28, 2017, 07:41:31 PM
Who's dumping now will regret later for sure and those who hold regardless of the panic around we'll be in good profit.
Sure it is evident that people who are dumping the coins will regret in the future ,even if there is a split you will get those coins in the same ratio and there is nothing to worry because the price will increase after the forking.
hero member
Activity: 1022
Merit: 521
July 28, 2017, 07:38:36 PM
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

Maybe they are waiting for something better opportunity to make their bitcoin is being double at the right time to exchange it. There is a risk but if you didn't try or gamble you're profit is stock up or not grow. Just go with the flow if you feel good about something.

After the news about the split and the segwit was announced, many people sold their bitcoins resulting to a dump in the market price of bitcoin but it recovered now reaching up to $3000. Most of the people who chose to hold their bitcoins are the long time users of bitcoin. I guess it is because that this had happened before ( the dump ) and they choose to hold because they know that panic selling will happen. The dump will really be a good opportunity for those who can afford buying bitcoin. Holding bitcoin is really risky since the price can go down anytime but it is worth the risk.

Most of the people who sold their bitcoin are the ones who are new in this market. I guess they were really afraid that their bitcoins will disappear in their wallets.

Exactly! Only those have sold their bitcoins who were new to crypto trading. It needs real patience and courage to hold bitcoins when values are continuously dumping and majority seems to give up on bitcoins. At that time, those who hold their coins definitely enjoy huge profit when the prices are going up just like in the current scenario. Still people can get back to their coins. Before Segwit, bitcoins are really affordable.
hero member
Activity: 2086
Merit: 501
★Bitvest.io★ Play Plinko or Invest!
July 28, 2017, 01:06:28 PM
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

First of all, that is not the right way to use a poll. Second, people trust that Bitcoin will generate them more income and multiply their money in the future based on the facts, news, developments which hinted that Bitcoin's price would continue to rise hence the value of Bitcoin that they had invested would rise. As simple as that.
copper member
Activity: 560
Merit: 253
July 28, 2017, 12:55:18 PM
I am still holding on to my bitcoin and not selling it only because I believe that the value of bitcoin will go higher than it is now,  I will consider selling it once the price is over $10 000 since I believe that it will reach that value. If bitcoin isn't reaching my estimated value then it means that I will on to it till the end of time. Remember how much one bitcoin was worth early this year? now the value of bitcoin is +2× more than the value of one bitcoin early this year.
sr. member
Activity: 473
Merit: 250
July 28, 2017, 11:03:40 AM
Why the bitcoin price is increasing means, there is news like Bitcoin is going to split 2 coins. if it happens those who are holding bitcoins, they will get BCC. That is why people are buying more bitcoins. And the demand is increased in the market, so the price is increased that's it.
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
July 28, 2017, 10:45:17 AM
Those who hold bitcoin even in a doubtfull situation like this are those who really believe bitcoins potentials and its value. Soon it would be realize by others and learn from mistakes that others face before bitcoin started.

I hope you meant that everything will be alright with Bitcoin after the Aug 1. )

Who's dumping now will regret later for sure and those who hold regardless of the panic around we'll be in good profit.
full member
Activity: 126
Merit: 100
July 28, 2017, 04:34:21 AM
Those who hold bitcoin even in a doubtfull situation like this are those who really believe bitcoins potentials and its value. Soon it would be realize by others and learn from mistakes that others face before bitcoin started.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
July 28, 2017, 04:32:04 AM
nowdays,i think there are 2 kind of people who hold bitcoin,first are they who learn from the past,that bitcoin price continue rising each year,and second they are who read many article about bitcoin future,they just believe that bitcoin will reach higher price thn now,so its depend on you,which side you are. i'm the first one,i learn from experience.
Well, sometimes, the person who keeps or holds bitcoin has only one purpose, that is waiting for the price to go up. I think that's part of the investment, because then, they can exchange their bitcoin with fiat, when the price goes up. And most, they are eyeing it
hero member
Activity: 672
Merit: 500
July 28, 2017, 04:24:26 AM
nowdays,i think there are 2 kind of people who hold bitcoin,first are they who learn from the past,that bitcoin price continue rising each year,and second they are who read many article about bitcoin future,they just believe that bitcoin will reach higher price thn now,so its depend on you,which side you are. i'm the first one,i learn from experience.
sr. member
Activity: 504
Merit: 252
July 28, 2017, 04:04:04 AM
At first I was curious about the number of news about bitcoin, even many countries forbid the use of bitcoin because it is prone to use for crime (tax evasion, money laundering and so on).
full member
Activity: 182
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
July 28, 2017, 03:13:44 AM
Its always a risk to hold your Bitcoins but the question is that it is worth or not.?
If you see the graph of BTC price then you will come to know that it has always increased from its previous top value from time to time, hold them till it reaches moon, simple.
I totally agree with this and bitcoin is constantly and totally increasing in value.
hero member
Activity: 1302
Merit: 540
July 27, 2017, 09:31:13 PM
Its always a risk to hold your Bitcoins but the question is that it is worth or not.?
If you see the graph of BTC price then you will come to know that it has always increased from its previous top value from time to time, hold them till it reaches moon, simple.
Bitcoin is worth it there is no question about that.
Yes bitcoin is very risky investment we do not know what will happen in the future but if you do not want to take a risk just full out your bitcoin in your wallet since there is a bad prediction on segwit only risk taker will hold the bitcoin and i am one of those users because i beleived in bitcoin.
its still depend in what will be the result of this segwit but for sure people hold bitcoin because they seen big potentials that this system will rise
after businessman and investors start to join the ride, people loves to to take risk are the one who gain big profits.
sr. member
Activity: 406
Merit: 250
July 27, 2017, 09:14:41 PM
Its always a risk to hold your Bitcoins but the question is that it is worth or not.?
If you see the graph of BTC price then you will come to know that it has always increased from its previous top value from time to time, hold them till it reaches moon, simple.
Bitcoin is worth it there is no question about that.
Yes bitcoin is very risky investment we do not know what will happen in the future but if you do not want to take a risk just full out your bitcoin in your wallet since there is a bad prediction on segwit only risk taker will hold the bitcoin and i am one of those users because i beleived in bitcoin.
hero member
Activity: 2716
Merit: 904
July 27, 2017, 09:14:07 PM
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
People end up holding their bitcoin due to the suddend drops that happens unpredictably. There was a time way back 2013 where the price of bitcoin dropped so low that it made some of the people o bitcoin sell their bitcoin because of depression and disappointment. Those who hold their bitcoin that time and waited for the bitcoin to recover have gained a lot more. For a conlusion, they hold their bitcoin because they believe it will still go high and it will be more beneficial.

Yes that's true! there are good benefits of holding bitcoin for such a long time, this technique of holding bitcoin is good even the bitcoin price will drop now because we all know bitcoin price will go skyrocket again soon and maybe in 2018 it can reach to $3k+ USD.
full member
Activity: 263
Merit: 102
July 27, 2017, 09:04:24 PM
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
People end up holding their bitcoin due to the suddend drops that happens unpredictably. There was a time way back 2013 where the price of bitcoin dropped so low that it made some of the people o bitcoin sell their bitcoin because of depression and disappointment. Those who hold their bitcoin that time and waited for the bitcoin to recover have gained a lot more. For a conlusion, they hold their bitcoin because they believe it will still go high and it will be more beneficial.
hero member
Activity: 1092
Merit: 501
July 27, 2017, 08:48:57 PM
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
In the drop of bitcoin a lot of holders just sell there bitcoin but other dont want to be like that they can sell there bitcoin in a dump price in the market because they will not earn any profit in that situation so they will just hold and wait until the second time pump.
If a holder sell his bitcoin he is not a holder, especially if he sells for a loss, it is very easy to hold when things are right but it is when your investments are underwater where the real determination of the holder is put at test, that is when we must hold if you don’t and sell then you are going to get losses and I do not know about you but I’m in bitcoin to get earnings and not losses so the only thing to do at that point is to hold.
sr. member
Activity: 490
Merit: 262
privacy preserving smart contracts and beyond
July 27, 2017, 09:17:16 AM
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
bitcoin holder are risking thier coins expecting that after August 1 2017 it raise the value in higher amount or double it.

In my own opinion because of growing demand of bitcoin it will reach up to $4000.00 at end of 2017.

Right, that is possible. With the segwit coming, the market price of bitcoin will surely rise. The news about the segwit and splitting that are announced to happen in August 1 have greatly affect many bitcoin user. It has caused panic selling that result to the market price of bitcoin to go down easily. It is a good thing that the bitcoin has recovered easily. But since the news was changed and that an upgrade is what is going to happen in Aug 1, it will surely be helpful by making the bitcoin’s price higher.

People are still holding because they believe that the price of it will continue to get higher in the future.
Jump to: