Why people are holding Bitcoin? - page 114.

NoNetwork

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Quote from: suzanne5223 on July 19, 2017, 05:53:13 PM

Yes, people their bitcoin because bitcoin hold the keys and path way to future success in cryptocurrency. Meanwhile, holding of bitcoin nowadays is a wise choice because is around the corner and in a coupe of years the price of bitcoin will bullish even more.

How can holding Bitcoin affects the success of the future of cryptocurrencies?

Well maybe they are just holding it for future (like after months or even weeks, not the whole future) purposes. Holding it for now thinking that it will pump up more than of the past months of its price is a good strategy though. But then again at the same time SegWit2x is coming and these people might be panicking if they have to sell all of their earnings or still want to hold it.

farhaan

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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?

They have already seen such scenes more times and they know very well that bitcoin deserves much high price than that.You could see only newbies getting panic and selling their bitcoins at cheaper price.They would have to regret for their decision and big whales have already completed a delicious meal by buying cheap bitcoins.

suzanne5223

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Yes, people their bitcoin because bitcoin hold the keys and path way to future success in cryptocurrency. Meanwhile, holding of bitcoin nowadays is a wise choice because is around the corner and in a coupe of years the price of bitcoin will bullish even more.

coinenthu

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in the hope that it will become a million $ one day

Ryan Dugan

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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

What never ceases to amaze me are the amount of people who can't think of of what you just said. It's really quite obvious but apparently not... Lol. I don't know why people can't be patient. In a few years time it will be worth much more so even buying now at a loss is profitable. Yes you lose short term. But look long term. It's way worth it. Remember when Bitcoin was I think 800 ? Then went to $240 ? So many people dumped. Then look what happened ? It was over 800 in the next year and a bit or two years.

Boseda

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Because they believe the price will go much higher than this.

xwshamim

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people are holding bitcoin because its the boss of all crypto currencies and who knows about market and have idea about what is going on the market and what will happen in next 1-2 years .they wont sell bitcoin because its the future Wink

its popularity is rising day by day

Forhadm

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People holding bitcoin because if earning bitcoin holding some day or some month or some year then he be acquired a good profit to those holding bitcoin.

freebutcaged

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If Bitcoin was stable like Tether or USDT we could use it as the digital dollar without the need to hold for long time

Expecting it's value to rise over time, but now people are mainly holding Bitcoin to increase their wealth after a few
Years from now, there is nothing wrong with holding them and no one is able to do anything about it other than spreading
Lies and scare people with hard forks, it's more like the story of fox and the bird, right now that fox has threatened us the birds
To split the chain and many of old time holders already dumped and are dumping even now, we should be above $2800 by now
But the dumping has lowered the price $400 and it will go lower as we approach the first of Aug.

nightxglow

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Because some people believe that bitcoin price will increase. That's why they prefer to hold it rather than sell their btc. Including me, too, actually.
And maybe they use bitcoin as a long term investment. That's why they hold it instead of selling or trading it. Just keep your bitcoin, and the value will be high in some time. No need to do anything and gain profits.

GrayFullbuster

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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 they know bitcoin is very profitable. They hold it because they want to earn many profits.

bluefirecorp

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Quote from: BitcoinGirl.Club on July 16, 2017, 08:56:57 AM

Bitcoin price has kept on fluctuating because of the upcoming bitcoin fork with the falls outweighing its gains and there is no reason Bitcoin hodlers need to panic as we should start to see prices easily raise when the current problems are fixed and demand starts to rise again...just need to keep holding a little bit longer

I believe that the bitcoin demand will increase once again when the fork stuff is over. The bitcoin price will once again rise as it is still the number one choice of people in the crypto currency and people have believe on it. This dip of the price is actually the life cycle of the businesses that every business face and so is now with the bitcoin. I hope this will over soon and the price will once again shoot up.

rjbtc2017

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Most of the bitcoin holders are waiting for the rise of the Bitcoin, will bitcoin buyers are waiting for the falling value of bitcoin.
And i think mostly of the bitcoin users will hold their bitcoin for there are news and speculations that bitcoin can be higher at value.
Holding a bitcoin is also investing your bitcoin to get it's maximum value.

laredo7mm

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Quote from: Omega Weapon on July 18, 2017, 10:00:27 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 two reasons, first, long term holders are planning to hold for a very long time, a decade or two maybe more, so to them this is nothing, especially if we compare this to the 2013 crash, and second, if you sell at a lower price than you bought then you lose money, but if you keep holding and the price goes back to normal then you did not lose a thing, so as you see the explanation is actually quite simple.

Yes and the basic reason behind holding bitcoins is to make more money from it in future as we have seen great growth in the price of bitcoins in this year in compare to last year so if we can hold them for next 4 to 5 years then we can make huge money from it at that time.

Omega Weapon

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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 two reasons, first, long term holders are planning to hold for a very long time, a decade or two maybe more, so to them this is nothing, especially if we compare this to the 2013 crash, and second, if you sell at a lower price than you bought then you lose money, but if you keep holding and the price goes back to normal then you did not lose a thing, so as you see the explanation is actually quite simple.

HaXX0R1337

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Quote from: Ewox on July 18, 2017, 11:08:50 AM

I think most people are holding Bitcoin including myself for the very obvious reason, we believe after all the rumors and speculations about bitcoin we strongly believe it will eventually increase its value in time. We are not saying we are a 100% sure but we have high hopes for Bitcoin to skyrocket in a few years.

That is what is expected from any investment,the prices move up and down and when it comes to bitcoin all the speculation and uncertainty will be cleared pretty soon and then it will shoot up in value just like that and i really still think the price is a bit low than expected as we could have easily crossed three thousand with the last rally .

Ferris419

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Quote from: Gumpfire on July 18, 2017, 11:43:00 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?

People are recently holding there bitcoins for a long period of time because they are assuming that bitcoins price would increase. Because we cannot say that bitcoins price would definitely increase or decrease, so it's better to just hold your bitcoins and wait to increase before you sell it.

Holding is the safest way to make profits from bitcoins as we have seen that price has always gone higher in long term so if you buy them now and hold for next few years then it can give you best profits on your investments and for the same reason people believe in holding it for a longer duration.

SHAWN-MIDWAYS

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Quote from: hawkins on July 18, 2017, 10:24:02 AM

I guess they expect bitcoin prices to reach very high prices, so they can sell them. But, there are some people who just keep the bitcoin they have in order to save it. Well, everyone has a goal, but the most likely is to wait for the bitcoin price to go up.

Exactly thats the big picture we are all waiting for for...high prices and that's why other bitcoiners speculate about these prices to protect their bag load of coins and to encourage others to do the same and maybe one day they would be millionaires

Gumpfire

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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?

People are recently holding there bitcoins for a long period of time because they are assuming that bitcoins price would increase. Because we cannot say that bitcoins price would definitely increase or decrease, so it's better to just hold your bitcoins and wait to increase before you sell it.

mountainview

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Bitcoin is virtual currency,it is not stable it will increase and decreases.bitcoin is holding is expectation of increasing.if bitcoin price increase we can get the profit.this is used as the good asset for future purposes,emergency situations.if we want to sell the bitcoin,we can sell it very fast through the internet.so for this cases we can hold the bitcoin.

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