Why people are holding Bitcoin? - page 107.

carlerha

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Quote from: wizardee on July 27, 2017, 04:25:12 AM

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

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

Most people are holding into their s waiting for a price rise. Due to popular demand, we can see this developing before our eyes. It can easily be classified as just an asset for all these people, and it is a very safe investment too. The only problem with holding is that if too many people do it, it will restrict the market flow and the total amount of s traded on a daily amount. But holding on a consumer level is highly advised on my behalf.

yes that is right that the only reason for which people are using bitcoin is for price increase, may be very little number of people are using bitcoin for trading and other purposes as some people holding bitcoin to use if for shopping etc.

ubercool

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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.

TheFriends

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Maybe because in the near future the adoption will be real!

mysacrifice

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Quote from: LeeMinHoa on July 27, 2017, 06:31:08 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?

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.

if holders doesn't do the risk management here then it is just gambling. if you know that is it no problem, if holder is not aware of it then it is the problem.

Reid

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A good challenge for themselves.
We know many have been impatient on what will be the outcome of bitcoin after more years.
If there is still someone who bought bitcoin at just hundreds of dollars then I believe the patience he have been through is enormous.
The way the market of bitcoin goes up and down makes you panic specially when it is going down.
Just keeping at a hold of all the coins you have in your wallet is being optimistic of what will bitcoin could be in the future.

LeeMinHoa

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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?

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.

SonyEricSon

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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

googlebtc

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Quote from: CraigWrightBTC on July 14, 2017, 08:46:51 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?

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.

It's really what you are saying now that many people who want to hold bitcoin because bitcoin prices will be more expensive if we invest long-term and take advantage of bitcoin results.

Dudeperfect

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I won't and can't tell that why the next guy is holding his bitcoins but I am personally holding bitcoins for the long term. I see a very optimistic picture of bitcoin and a tremendous scope of it in next few years. However, I am completely aware that anything might go wrong and bitcoin might not be worth 1 million even in next 10 years and thus I have invested and held 50% of investment in it. As far as short term volatility is concerned, I don't think it is relevant to the long term investment planning.

wizardee

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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?

Most people are holding into their bitcoins waiting for a price rise. Due to popular demand, we can see this developing before our eyes. It can easily be classified as just an asset for all these people, and it is a very safe investment too. The only problem with holding bitcoin is that if too many people do it, it will restrict the market flow and the total amount of bitcoins traded on a daily amount. But holding bitcoin on a consumer level is highly advised on my behalf.

thundercrystal

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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?

Those who holds bitcoin until now are patient and determined. We can see now that the price of Bitcoin are not stable. But those who hold it are optimistic that they believe that bitcoin's price will rise again. Even though there is an issue that bitcoin will disappear. They are hoping that bitcoin will stay and its price will inflate.

Casdinyard

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Leading Crypto Sports Betting and Casino Platform

Because many believes that one day bitcoin's price will get to its peak and nobody wants to miss that chance.
So holding now atleast 10btc will somehow secure the future. Bitcoin is life and the future. Cool

shata

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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?

The vast majority of investors in Bitcoin consider it as a safe haven asset, long-term investment and digital gold.
Bitcoin is recognized as a global digital currency. Investors are just being wise and knows what is the future.

Betwrong

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Quote from: PinkB on July 25, 2017, 11:14:29 PM

Don't know about other, But i strongly support holding bitoin.The price of bitcoin increasing day by day.although its little dumping now,but its for the 1st august. I am still holding my bitcoin, will hold them for a significant profit.When i first join in the Bitcoin world, this time 1 BTC=$600 but now its 1 BTC=$2500 so i think its the future of my life.

This is a good example of why people are holding Bitcoin. What other asset would give you almost 5 times increase of your investment in one year? The panic because of the Aug 1st will cease soon and most likely we'll see $3k+ in no time after that.

doomloop

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Quote from: taliwang on July 25, 2017, 06:41:54 AM

People hold bitcoin because bitcoin is very valuable. Digital currencies that value very much compared to our currency. Millions of people scooped up big leads by being investors in bitcoin.

the bitcoin is being worthy and profitable currency and the price is still increasing as we can see. Bitcoin users are not ready to sell and they are still hopping for the best of the future for their upcoming days and if we look at the present importance of the bitcoin there is no concern for those who attract to other and transact their bitcoin.

Gummybear67

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

babycorner17

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Bitcoin price is increasing day by day and it's price will go to the moon very soon that's why i hold a couple of bitcoin now. As my knowledge goes, bitcoin will take over the dump situation likely and it will huge pump at the last of this year.

Hammonds

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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?

It seems that most of them hold their btc because they feel they still have a loss of the price when they buy btc, maybe they will also sell it soon if it has a profit, albeit a little.

PinkB

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Don't know about other, But i strongly support holding bitoin.The price of bitcoin increasing day by day.although its little dumping now,but its for the 1st august. I am still holding my bitcoin, will hold them for a significant profit.When i first join in the Bitcoin world, this time 1 BTC=$600 but now its 1 BTC=$2500 so i think its the future of my life.

jerowacik

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Quote from: ArIMy11 on July 25, 2017, 09:05:52 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 price is now high compare to its price in the previous years, it almost triple. So there is a high possibility that next year or after 10 years its price will also increase more and more. If the people hold and collect bitcoin until that day comes that its price increase, it will be a very big profit. That is the right time to cash out the money, and then collect another bitcoin and wait again for the price to increase.

Yes really. The reason people keep bitcoins is that they hope to earn a profit in the future. So I am sure they have set bitcoin as a profitable long-term investment. Even so we must remain cautious and patient when circumstances are sometimes less profitable for us. Holding bitcoin requires confidence and patience, people who can not control it will usually sell bitcoins at cheap prices when there is panic.

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