Why people are holding Bitcoin? - page 115.

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Quote from: buithidiepth1 on July 18, 2017, 09:51:29 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?

Keeping the bitcoin free from devaluation, and they are waiting for the price of bitumen to rise, they will sell off all bitcoin to capture a large profit.

Hope, because of hope. Everyone knows that the price will reach the sky in some years and the Bitcoins will be equal to millions. Another thing is that people know the segwit implementation will make Bitcoin stronger as a currency.

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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 do not think this is a critical situation as you have imagined, and the reason why people still hold bitcoins because they believe bitcoin has a good future and bitcoin is a great investment form. There is nothing strange to question why there are still many people who hold bitcoin, because they are sure to get a good profit in the future.

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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 value. They wait for the value to move higher so that if they sell it out they will have a higher income than to their cash out when they buy the bitcoin. And sometimes long term people are holding because they want it for bitcoin to get higher in the future so that if they sell it they will have a good income.

Ewox

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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.

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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.

Ofcourse. The main reason why people hold bitcoin is that they wait for the right time to sell it. The right time is that of the value of it become more higher than its cost when they buy it in order for them to create income and to get back the capital they used and ofcourse to have some extra financial income.

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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?

Keeping the bitcoin free from devaluation, and they are waiting for the price of bitumen to rise, they will sell off all bitcoin to capture a large profit.

hawkins

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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.

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Bitcoin itself a big coin market runs in both direction we cant expect market moves only upwards so its a normal thing for me that in the present scenario market is fluctuating but we all sooner or later it will be bullish thats why people are holding bitcoins they are not in hurry its a matter of patience.

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Quote from: BrewMaster on July 14, 2017, 08:41:58 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

People hold their Bitcoins despite of the dumps because they simply know that it'll be back to normal and it will eventually increase. The reason is that inflation and deflation happens and are expected by most. They are waiting for the time that its value will rise as if dumps didn't happened. My point is that, people hold their Btc because they are aiming for bigger profit as time passes by.

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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 they believe in Bitcoin and its potential. They believe that Bitcoin will dominate the crypto currency market in the future and be the future currency which is used by everyone.

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People are holding bitcoin becouse of bitcoin rate rising. Hopefully they become succeeded maximum time. So people holdings bitcoin.

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Quote from: maeusi on July 16, 2017, 05:28:29 PM

Bitcoin and other currencies will replace the tradirional money. I think, in latest 20 years, we will only pay with cryptocurrencies. Why? Cryptos usually are more transparent than traditional financial terms. So governments and finance instituts will enforce electronic money. Maybe with their own cryptocurrencies.

Hmm, indeed in the future cryptocurrency could be one of the largest selection or a prediction of the most powerful to backup all the things about the economy. Because of the nature of most of the existing establishments, cryptocurrency far has a great opportunity to be able to count on in the future. Because in the future all things need modern technology and provides many benefits. But before doing the steps further, that we must always be ready to do the analysis. For if we blind going to trust now, it could be in the future even gave the ugliness for you

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It's already been popular that when the price of bitcoin went to dip, it is going to recover easily and it can go up quickly too. And if the situation a while ago is critical people will just be calm, those people that are into trading for already a long time and is in the market already will be focusing on their long term goal which is holding.

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Because they know Bitcoin will have a better price than now therefore they prefer to hold Bitcoin.

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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?

Indeed. There are lot factors why people hold their bitcoin. In addition to that, some people hold their bitcoin because they know that the price of bitcoin will increase in the near future. And having a lot of bitcoin will help you to become rich in the future. Lastly, holding bitcoin or any altcoin is the best strategy to make a good income.

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Probably those who hold their bitcoins are already veterans, meaning they have been holding their bitcoin ever since its value was still small. They have seen the fluctuation of bitcoin since then and of course there are people who listen to them and apply whatever they say. They believe if they hold on to their bitcoins, it'll make them rich or at least profit more than what they expect a few years from now.

ivrynx

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people are holding on bitcoins because of its value, if you look at bitcoin 5 years ago and compare it now, there is a huge difference, it only meansnit is a good investment. you can also make a fortune from bitcoin if you know how to take care and make good use of your bitcoins.

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While it's a bit risky to make a profit, now some people keep their coins waiting for the price rebound, this is certainly to earn a profit in the future when the price soars.

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They have their faith.

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Quote from: oegarod on July 17, 2017, 09:44:14 PM

People hold bitcoin, because majority of the users believe that the price will surely increase and reach great highs after august. As a beginning to the next price increase price has started to increase. In a short we might reach the price from which the price started to fall downwards.

This is one of the reasons for holding bitcoin for long term.
Everyone wants to be benefited by the price increase in the future even though the whole cryptocurrency now is facing major downfall but many are still keeping their coins and trust bitcoin til' the end. HODLers are all risk takers.

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