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Topic: Why people are holding Bitcoin? - page 120. (Read 58484 times)

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July 15, 2017, 11:18:10 AM
#71
Why people are holding Gold?
This short answer caught my attention, simple yet very meaningful to me. Why people are holdong their golds? The same answer to those people who hold their bitcoins.  They are waiting for the right moment to sell it, in short they are investing for a better and wealthier future. Because they all know, we all know that bitcoin value will rises just like the gold value.
That is the exact thought i can only think of when the question "Why people are holding bitcoin?" Comes. People had been holding their bitcoin with the hope that its value spike again just as what happened this year. They are waiting for the perfect chance for them to sell their invested bitcoin. It's really a good investment for future however, we don't really know if bitcoin's value will rise again especially that segwit is drawing near.
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July 15, 2017, 11:10:06 AM
#70
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

Most people compel to hold their bitcoin because they believe or should I say, we believe that the value or the price of the bitcoin will increase or rise more in the near future. The value may expected to go down as of now, but I think the value of bitcoin will rise again afterwards.
I agree. People are holding their bitcoins because there is a possibility that the value price of bitcoin will eventually get high compared to its current price. If you hold your bitcoin for now, and its price will rise up after sometime, you will get high profit that you can use to sustain you daily expenses.
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July 15, 2017, 09:05:15 AM
#69
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

Most people compel to hold their bitcoin because they believe or should I say, we believe that the value or the price of the bitcoin will increase or rise more in the near future. The value may expected to go down as of now, but I think the value of bitcoin will rise again afterwards.
hero member
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July 15, 2017, 08:56:37 AM
#68
Ya if you didnt sell +2500 you better of waiting instead of panic selling here.
Those who are panic selling their bitcoins will eventually regret their decision. Bitcoin's price value will get high in no time. It is just at dump right now but expect that its price will get high and you will get high profit from holding your bitcoin.
Just hold our bitcoin if we dont have plan of using it yet since by November or anytime after August 1 ,sure bitcoin will pump again. Its only for now so selling is not on my option yet.
sr. member
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July 15, 2017, 08:35:14 AM
#67
Ya if you didnt sell +2500 you better of waiting instead of panic selling here.
Those who are panic selling their bitcoins will eventually regret their decision. Bitcoin's price value will get high in no time. It is just at dump right now but expect that its price will get high and you will get high profit from holding your bitcoin.
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July 15, 2017, 08:05:54 AM
#66
Ya if you didnt sell +2500 you better of waiting instead of panic selling here.
sr. member
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July 15, 2017, 07:54:53 AM
#65
btc price day by day increase. i think it is a best cause for holding.
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July 15, 2017, 07:52:09 AM
#64
I guess for the reason of investing their money into it because they are truelly believe  and continue believing that Bitcoin value will rise more in the future, despite the fact that the price is totally fluctuating and undetermined, people and even I still hold our coins because it grows more and be more valuable in the future. We truelly trust into it, even it goes down it rises up that is why we continue on holding our coins.
Also some believes that in the future Bitcoin will be more convenient to use everywhere and anytime
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July 15, 2017, 07:48:35 AM
#63
People are thinking about making a wealth from Bitcoin because they failed making it in real life  Grin
But Seriously, It is one of the most importants resources of money nowadays.
It is true that Bitcoin price can rise and fall every second but according to some stats, the rate of fall is negligible compared to the rate of rise.

I don't get what you have said there. People are thinking about making a wealth from bitcoin because they failed it in real life? Are you saying that people failed to earn bitcoin in real life? Please make it clear. Also, bitcoin is not an important resource of fiats, bitcoin is just another way to earn fiat, but it is not a resource of money.
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July 15, 2017, 07:44:04 AM
#62
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?


People hold because they have taking a long term position/view that the price will be worth more in the future than it is now. They also understand that it is not critical as you portray it. But that the price swings are all part and parcel of the game.
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July 15, 2017, 07:41:00 AM
#61
Why people are holding Gold?
This short answer caught my attention, simple yet very meaningful to me. Why people are holdong their golds? The same answer to those people who hold their bitcoins.  They are waiting for the right moment to sell it, in short they are investing for a better and wealthier future. Because they all know, we all know that bitcoin value will rises just like the gold value.
full member
Activity: 210
Merit: 100
July 15, 2017, 07:28:56 AM
#60
People are thinking about making a wealth from Bitcoin because they failed making it in real life  Grin
But Seriously, It is one of the most importants resources of money nowadays.
It is true that Bitcoin price can rise and fall every second but according to some stats, the rate of fall is negligible compared to the rate of rise.
legendary
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July 15, 2017, 07:13:33 AM
#59
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
Its easy to say for people to hold their bitcoin for longer periods of time. Yes,its volatile and prices would go in opposite way that we didn't expect but there are people who do love to risk no matter what since they do have high trust on bitcoin regarding with its potential for longer years to come. Price might go down but mostly it would really go up which would really give some decent profits for those who hold for long.
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July 15, 2017, 07:06:41 AM
#58
Majority of the people sell their holdings. This is just because of the panic that's getting generated over the entire network based on the splitting of coins. Specifically the people who hold bitcoin expecting a big price increase were the one who trust that the splitting into chains won't affect the growth.
People have been panic selling their bitcoins because its value id at dump as of now. But, people should hold their bitcoins because the exchange value of bitcoin might get high compared to its value at the moment. If you want higher profit from the bitcoins that you are holding, hold it until you can because there is a great possibility that it will get high.
The prices may expected to go down again even if August 1st is not coming yet this may continue to go down a bit every single day as i have noticed. I don't know what will gonna happen to price of bitcoin if the Segwitx2 is being implemented, but i think it will gonna give a boost to the bitcoin price afterwards. This may be the number one reason why people are still holding their bitcoins, they were just waiting for the bounce back of the price.
Now there's no turning back. If August 1 is not that people do not so much trust bitcoin as before. The trust is broken. Now we need to go forward and if bitcoin change for the better the trust will recover quickly. What will happen if something goes wrong it is sad to imagine.
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July 15, 2017, 06:58:49 AM
#57
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

Well people who trust in bitcoin and see that it has the potential to grow into something big. Why do people hold gold? Because it is an investment and they think that the value of gold will increase, which means profit and a good investment. Bitcoin is an investment and also a form of online money that can be spent.

i agree, people who put their trust into bitcoin will stay and keep hold bitcoin. but facing segregated witness (segwit) on 1 August later i think many of them decrease (just a part) and try to save thier money by stop holding. including people around me who hold bitcoin as investment getting to sell their bitcoin.
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July 15, 2017, 06:49:01 AM
#56
Majority of the people sell their holdings. This is just because of the panic that's getting generated over the entire network based on the splitting of coins. Specifically the people who hold bitcoin expecting a big price increase were the one who trust that the splitting into chains won't affect the growth.
People have been panic selling their bitcoins because its value id at dump as of now. But, people should hold their bitcoins because the exchange value of bitcoin might get high compared to its value at the moment. If you want higher profit from the bitcoins that you are holding, hold it until you can because there is a great possibility that it will get high.
The prices may expected to go down again even if August 1st is not coming yet this may continue to go down a bit every single day as i have noticed. I don't know what will gonna happen to price of bitcoin if the Segwitx2 is being implemented, but i think it will gonna give a boost to the bitcoin price afterwards. This may be the number one reason why people are still holding their bitcoins, they were just waiting for the bounce back of the price.
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July 15, 2017, 05:58:01 AM
#55
Majority of the people sell their holdings. This is just because of the panic that's getting generated over the entire network based on the splitting of coins. Specifically the people who hold bitcoin expecting a big price increase were the one who trust that the splitting into chains won't affect the growth.
People have been panic selling their bitcoins because its value id at dump as of now. But, people should hold their bitcoins because the exchange value of bitcoin might get high compared to its value at the moment. If you want higher profit from the bitcoins that you are holding, hold it until you can because there is a great possibility that it will get high.
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July 15, 2017, 05:27:49 AM
#54
Majority of the people sell their holdings. This is just because of the panic that's getting generated over the entire network based on the splitting of coins. Specifically the people who hold bitcoin expecting a big price increase were the one who trust that the splitting into chains won't affect the growth.
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July 15, 2017, 05:19:25 AM
#53
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

Well people who trust in bitcoin and see that it has the potential to grow into something big. Why do people hold gold? Because it is an investment and they think that the value of gold will increase, which means profit and a good investment. Bitcoin is an investment and also a form of online money that can be spent.
hero member
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July 15, 2017, 05:18:51 AM
#52
There are many reasons to hold to the bitcoins.

Some of them are:

1. Its rational. Bitcoin was growing constantly in the past.

2. Its a good way to save money away from the banks.

3. Its convenient way of coping with the volatility of the price. It does not matter if your bitcoin is worth more or less, as long as the price will be back to once it was or higher.
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