Why people are holding Bitcoin? - page 116.

Shutup

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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?
[/quote
For the past few months Bitcoin is profitable.And it is tested and proven because it was stated at their qoutes and reply.Even me I witness my sister become rich because of bitcoin.So even bitcoin now is in critical conditioin.Bitcoiners still hoping for the benifits to be done.We bitcoiners have no regrets because bitcoin is our big hope for the future that is why people until now they are holding bitcoin.

Bunsomjelican

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Quote from: nejibens on July 14, 2017, 09:47:58 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?

They are holding bitcoin for one simple reason : the price's rising with time. The Bitcoin price is expected to increase and going to moon within few years most likely, and it will be the best opportunity for the holders to create wealths this way.

Most of the individuals in this industry, they hold bitcoin to get profit, which is not supposed to be the main reason either. Their mindset must be that Bitcoin has a better future, it has a lot of potentials when it comes for benefits and features of bitcoin.

concept2

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Quote from: szpalata on July 17, 2017, 09:33:49 PM

We we holding because of the hope of a better prices in future so that we can sell for profits when the time is right for us. Secondly, not everyone holds his bitcoins forbtge short term purposes but long term and so while I'm still with good profits I will keep holding until after August to see how things will turn out first.

Agree with your opinion. Nobody invest Bitcoin short term, it likes killing yourselves. They are holding Bitcoin because they believe Bitcoin will get for the high income in the future. It means the price will continuously increase stronger time by time. Next, Bitcoin is very hard to lose its price. And they have a strong belief in that.

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Quote from: zilions on July 17, 2017, 09:51:18 PM

Simple, because they think the price will increase. I hold a small amount because I think the demand in the future will increase along with the price. So I have put it in a safe cold wallet for me to access in the future when it has become more mainstream.

basic economics principle says like that , the more demand then something could be more valueable. and considering the supply of bitcoin itself are fixed on number of 21 million. i think we can say it safe to put a little bit faith in bitcoin and take a risk on the coming event about the 1 august fork.

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I don't see the price of bitcoin increasing, so much as the value of fiat, and the financial "ponzi", decreasing. A by product of that is BTC value increases.

Some one today said you don't have a released/real profit until you go back to FIAT.

I though about this, and for shares or non BTC class assets it true, cash, is the hard asset class.

However on reflection, its not the case for BTC, the question is when will a FIAT holders lock out their losses, by moveing into BTC?

Its been massively one way traffic since 2009, over 1 million times in value, there is no reason this will not continue, more and more business entities, govs, people, are going to be forced to use crypto, as almost every other asset class can be rigged, and is rigged.

Governments are in the middle of currency wars, peoples buying power evaporation the consequence, and assets such as houses are going way up without bound. Houses are really hard to rig as it takes time to build and you can see it there, plus not much more land being made if any.

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Simple, because they think the price will increase. I hold a small amount because I think the demand in the future will increase along with the price. So I have put it in a safe cold wallet for me to access in the future when it has become more mainstream.

oegarod

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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.

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Quote from: szpalata on July 17, 2017, 09:33:49 PM

We we holding because of the hope of a better prices in future so that we can sell for profits when the time is right for us. Secondly, not everyone holds his bitcoins forbtge short term purposes but long term and so while I'm still with good profits I will keep holding until after August to see how things will turn out first.

Obviously yes.We have keep our bitcoin after August to get huge profit. No doubt in that. I am also holding my bitcoin for the same reason. We can keep our bitcoin for long term to get good returns from that.Long term holders are cleverest person. They know the truth.

szpalata

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We we holding because of the hope of a better prices in future so that we can sell for profits when the time is right for us. Secondly, not everyone holds his bitcoins forbtge short term purposes but long term and so while I'm still with good profits I will keep holding until after August to see how things will turn out first.

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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?

In my own point of view people hold there bitcoins because they are waiting to it's price to be expensive or to increase in the future because sometimes the price is low so it's better to hold your bitcoin and wait to it's price to increase. And if it's price increase you can now able to sell it.

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Quote from: chichan13 on July 17, 2017, 10:01:36 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?

Indeed. People hold their bitcoin because they know that the price of it will increase in the future and it will help them to gain more income. In addition to that, many bitcoin users hold their bitcoin and I think they will sell it in the future when the price of bitcoin is good enough to gain a high income.

I agree with you, This is the main reason of holding bitcoins by people. Everyone want to be rich, then, they just try to collect a lot of bitcoins over theses years because they know that one day bitcoin will have an magical price, and when this moment came, people start to cashing out their bitcoin and become rich. This is a good idea, because this is what will be happend in the future as peoples expect.

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I think people are holding bitcoin maybe
because they know that its price will increase
in the future.

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I think there maybe considered bitcoin as a savings account for the future or they wait for the highest price of bitcoin to get a big profit when they resell... Grin

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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. People hold their bitcoin because they know that the price of it will increase in the future and it will help them to gain more income. In addition to that, many bitcoin users hold their bitcoin and I think they will sell it in the future when the price of bitcoin is good enough to gain a high income.

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Quote from: arransiv on July 17, 2017, 08:21:40 AM

Because they believe that BTC is going to be the best store of value soon.I also believe that and what we experience now will just make everybody see who are the people who truly believe in the potential of BTC.A lot of news going around but the question is do you believe in the concept or not

I also have high hopes on bitcoin that it will reach the best value ever.And even though its price right now falls down,i strongly believe that it will rise again soon.I'm sure a lot of people out there believed it too.Bitcoin has really a lot of potentials to discover.We only have to give our full trust to it.

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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?

In my own opinion, people hold there bitcoins and do not sell it is because they are waiting for bitcoin's price to increase or to be more expensive in the future. We all know that bitcoin's price is very complicated to understand sometimes it raise, sometimes it fall. So it's better to wait for its price to raise that will satisfies you and you can able to sell it.

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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?

* Deer * Headlights *

Or in other words it's psychological and omnipresent with non professionals in financials markets. People can't face making losses, it's a very powerful ego thing. So they rationalise that they haven't made losses as long as they don't sell.

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Quote from: Vixmore on July 17, 2017, 07:06:30 AM

People are holding bitcoin as there is certainly a future to it. Why would you hold any other investments such as bonds, gold, or stocks? Because you believe in them. Believe that the value will go higher and so will the margin of profit. Bitcoin is built entirely upon this network of user trust. Ergo, the more people believe in it - the more will hold into it and the more the value will go up. We have seen bitcoins value dip a bit here and there, but it has always ended up at a much higher value a few weeks, maybe months later. That is the main point of holding and that is why more and more people hold on to it

That's what had been driving the Bitcoin price higher and higher all these years

But you don't specify why exactly all these folks believed in Bitcoin and what specifically they believed in. But I can clarify it for you. People believed in Bitcoin simply because it was giving them profits. In other words, they believed in its future growth. Obviously, if Bitcoin didn't in fact show this growth, people would soon lose their faith. That was kinda a self-sustaining and self-feeding loop. And now it is about time this faith to be tested for real. Mark my words, if Bitcoin stagnates, people will quickly start turning their backs to it. It is no longer 2013, it is already 2017 where there are quite a few really competitive coins available, and no one will blindly believing if that means losing profits

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Because they believe that BTC is going to be the best store of value soon.I also believe that and what we experience now will just make everybody see who are the people who truly believe in the potential of BTC.A lot of news going around but the question is do you believe in the concept or not

Prodigan786

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I dont really worry about bitcoin price drops it has reached upto 500$+ and reached 2900$ so current price drops doesnt make any ddifference its just a small change and also bitcoin is not falling more than rise . If it happens bitcoin would not have nay value.

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