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Topic: Why people are holding Bitcoin? - page 118. (Read 58487 times)

sr. member
Activity: 350
Merit: 250
July 16, 2017, 06:59:34 AM
Most of the people reserves their bitcoin in the future its all because they still believe that the price of bitcoin will be much more higher in the future.
They also want to earn more. That's why they choose to wait.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
July 16, 2017, 06:59:00 AM
Not all the people here are panicking. We do know the risk in investing in bitcoin and besides the price is still high to be considered low because most of the people here saw bitcoin when it was lower than $200. So there's no need for all of us to panic and we are just calm to look for the right time to sell our bitcoins at higher price.
hero member
Activity: 2184
Merit: 891
Leading Crypto Sports Betting and Casino Platform
July 16, 2017, 06:57:09 AM
There is no reason, it is just faith over the bitcoin tech that makes us sure bitcoin will rise again the price. If you are afraid if segwit2x stuff then don't worry. You should just relax about it and keep your bitcoin in the wallet which are pretty well known and they know what they are doing. Do not move your coins on the day of august. With precautions you are good to face the whole thing and watch bitcoin grow big again.
People are stopped to sell bitcoins all people storing their bitcoins in there wallet. and waiting for August 1st segwit2x once this finish then we see an increment in Bitcoin price. Why they are holding means to make a big profit in future. don't get panic for present fall it was expected.

We cant really tell it now what will happens to bitcoin after the activation but if you really trust bitcoin its enough to hold it until the activation ends. Its like a win or lose decision to all of us for holding bitcoin. Many will hold as their hope to make profit for long term even the activation is done. Right now lets just hope for the best.
hero member
Activity: 798
Merit: 500
July 16, 2017, 06:55:56 AM
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
People might be holding bitcoin in a sense that they see this cryptocurrency as a pathway and a chance for easy access and gaining of money. Also with bitcoin's decentralized block chain that enables them to monitor and access their own account on private. They also see that their assets have a future in bitcoin despite of its unstable price value but still believing of its capability to pump its price value on peak.
member
Activity: 86
Merit: 10
Algorithmic Trader
July 16, 2017, 06:52:59 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

I suppose that OP is referring to how fast the price is going down, not by how much.

For the OP: I would say that the dynamics regarding "how fast" is similar to the stock market. Actually you could model that using an inverse correlation between volatility and delta price returns.

There are a few papers trying to say why. It seems that their conclusion is related to the fact that when the price starts to fall, panic is creeping into the market.

So there you go, market behaviour at its finest.
legendary
Activity: 1428
Merit: 1000
July 16, 2017, 06:48:09 AM
There is no reason, it is just faith over the bitcoin tech that makes us sure bitcoin will rise again the price. If you are afraid if segwit2x stuff then don't worry. You should just relax about it and keep your bitcoin in the wallet which are pretty well known and they know what they are doing. Do not move your coins on the day of august. With precautions you are good to face the whole thing and watch bitcoin grow big again.
People are stopped to sell bitcoins all people storing their bitcoins in there wallet. and waiting for August 1st segwit2x once this finish then we see an increment in Bitcoin price. Why they are holding means to make a big profit in future. don't get panic for present fall it was expected.
hero member
Activity: 882
Merit: 500
July 16, 2017, 06:44:21 AM
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
Actually there is big reason of the price , in the Bitcoin field there are many people who are only making the money by holding the Bitcoin only , I means to say they bought the Bitcoin when the Bitcoin get at low price and sell when it get much high  . As you can see that the price is going down , so they are making buy even in this critical situation , so they are holding the Bitcoin in the wallet .
And if you will see about the about the technology since 2008 about the Bitcoin then I don't think that here we need to worry about this
And so we have trust with the Bitcoin and it's development team and we should feel that everything is safe and instead to take tension keep calm and hold until the complete of the process that will start at 1 August with official announcement .
sr. member
Activity: 714
Merit: 252
July 16, 2017, 06:37:23 AM
There is no reason, it is just faith over the bitcoin tech that makes us sure bitcoin will rise again the price. If you are afraid if segwit2x stuff then don't worry. You should just relax about it and keep your bitcoin in the wallet which are pretty well known and they know what they are doing. Do not move your coins on the day of august. With precautions you are good to face the whole thing and watch bitcoin grow big again.
legendary
Activity: 2170
Merit: 1427
July 16, 2017, 06:35:42 AM
am afraid that bitcoins will be irredeemable before the segwit is implemented,
Nothing will happen with your coins as long as you keep them offline and well backed up. I just don't understand why people think the end of days is heading towards us, while in fact, it is something that will make sure Bitcoin can move forward without too many obstacles in the forthcoming years. It's a necessary step to take. If you can't handle it, then make sure you temporary distance yourself from everything Bitcoin related.

people have already lost their investment already.
You only lose when you sell at a loss. If you're not a trader, you shouldn't care about the price going down. If people do end up caring, then they should use the lower prices to buy themselves some extra coins, in order to get their average buying price down. Where some people look at current market as a complete toxic mess, others see this as a great buying opportunity.
newbie
Activity: 70
Merit: 0
July 16, 2017, 06:33:22 AM
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

Investment. To study the trends. Those reasons, and people kind of know that more people will trickle in to buy over the years, thus slowly raising the price/value.
legendary
Activity: 3080
Merit: 1500
July 16, 2017, 06:32:09 AM
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

I believe people are not just holding bitcoin but are also buying more at this price. A global crisis is surely going for crypto currency world and majority of the crypto currency pricing are going down. However, positive people are buying in bulk and making good use of this pricing.

I am also doing the same and I regret that I am not able to buy more because my financial condition is pretty tight now. I wish to buy more because I believe in bitcoin and I also believe the price will surely go up after August 1st and will reach a new height.
full member
Activity: 686
Merit: 146
July 16, 2017, 06:28:03 AM
#99
A lot of people can see the bigger picture. Bitcoin is still virtually unknown to many people globally. Go around a bit and ask people if they know

what Bitcoin is and see what responses you get. People in first world countries will know a bit more about it, but most people in third world

countries will have no clue. What happens when these people learn about Bitcoin and what will happen if Bitcoin can scale to handle global

adoption? There is still massive potential and growth... and the price will skyrocket when that happens.  Wink

This is the kind of future that I can see for Bitcoin... despite the price fluctuations it has right now, I can still feel that the its price will get a lot higher in the future. Just by assessing how massive the price hike it experienced the past years, I feel like its going to continue in the upcoming years. Slowly, its getting even more popular so there will be more users..
sr. member
Activity: 434
Merit: 250
July 16, 2017, 05:49:15 AM
#98
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
Am just hoping that after August 1 the price will begin to rise again, we have had an awful June and July is not turning out that well, the price is still plummeting,  am afraid that bitcoins will be irredeemable before the segwit is implemented,  people have already lost their investment already.
member
Activity: 112
Merit: 10
July 16, 2017, 05:29:53 AM
#97
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
Well I guess the fact that, They've seen the potential on bitcoin. I also hold my coins as of the moment, and taking my chances since I have seen the trend in the market and Yes, bitcoin could really get back on its status. Maybe this period is one of the crucial time but it is also the opportunity for you to buy btc in such lower price.
member
Activity: 112
Merit: 10
July 16, 2017, 05:15:45 AM
#96
I personally still hold some bitcoins that I keep because I do not care about the prices that are currently in decline and I am sure with my opinion that bitcoin prices are very high if I continue to keep my money in bitcoin and I also use fiat assets in Two sides so I'm very unproblematic with the current bitcoin price reduction
sr. member
Activity: 1400
Merit: 283
July 16, 2017, 04:57:31 AM
#95
Most of the people are holding Bitcoin because they believe that Bitcoin will pump again. And It rich on $5k shortly. And people will make a good profit on it. If you really want to know about Bitcoin price rising and falling. So, you need to look back. If you look back that, you can see Bitcoin Pump $2900 from $1k within few month.
Indeed most of the poeple who have recently started using bitcoin were suprised by the huge success and the fast increase in terms of price and they rergreted that they haven't started using it a long time agao, so now they crave to save it and wait until ahyge fork in the price happens again like the one that  hppend a few weeks ago.
sr. member
Activity: 434
Merit: 250
July 16, 2017, 04:56:13 AM
#94
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

Some people believe in bitcoin, so they keep bitcoin and look forward to the good in the future. However, some people feel regretful, they do not want to sell bitcoin, so, they accept hold it and wait for good luck.
sr. member
Activity: 602
Merit: 251
I am a professional Web Designer and Developer
July 16, 2017, 04:52:19 AM
#93
Most of the people are holding Bitcoin because they believe that Bitcoin will pump again. And It rich on $5k shortly. And people will make a good profit on it. If you really want to know about Bitcoin price rising and falling. So, you need to look back. If you look back that, you can see Bitcoin Pump $2900 from $1k within few month.
sr. member
Activity: 612
Merit: 250
July 16, 2017, 04:43:09 AM
#92
To make more money, Bitcoin will grow and who holds a good amount can make a good cash on it.
Yes you are right those people hold bitcoin for long term or shot term, the main reason is that they want to grow our money, and also nowadays the holders are know that time is very important to hold bitcoin because the day is not far that its price will be very high .
you are right that bitcoin is being hold by the people because the price of bitcoin is increase and still people think that soon it will be again at the peak of the most used currencies so I think bitcoin is increasing and will increase for sure so it could be the main reason for the bitcoin long term holding .Bitcoin is now the most worthy currency of 2017.
sr. member
Activity: 868
Merit: 257
July 16, 2017, 12:44:10 AM
#91
They are reserving it in the near future because they know price will become higher more than today. They simply want to sell at a higher price so that they could gain a much better profit. Or simply they are still waiting for Aug.1 result.
Well, holding bitcoin will help you to get a high income in the future because I think the price of it will increase in the future. In addition to that, as of now many people hold their bitcoin and they wait for the right time to sell their bitcoin. Lastly, I think holding bitcoin is the best way to earn a high income.
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