What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
Trust in the system over the few year,make people to keeo holding there BTC
Topic: Why people are holding Bitcoin? - page 121. (Read 58484 times)
Trust in the system over the few year,make people to keeo holding there BTC
Most people today sell their bitcoins. They are worried that bitcoin prices are declining. Maybe for some people who do holding are those who dare to take risks. They are confident that bitcoin prices may increase after August.
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
Becuase, even if there will be a big thing that is about to happen on August 1 and even if the price of bitcoin now is that low, they know that its price will rise after some time. They are holding on to their bitcoin until that moment. We should probably assume that the rise of bitcoin's price will definitely be bigger than the drop now. What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
In my opinion, I think almost people confident about rate of bitcoin can increase in future.
Not a critical issue, it just grew up and just speculation as a result of what will happen, I guess that does not make people panic about what will happen August 1, calm down that all will be good as long as all bitcoin holders follow the procedure.
People holding because they believe that bitcoin prices will increase. Some holding types are holding in a short period of time and also holding for long period of time. Holding actors usually have substantial capital, they bet and believe that bitcoin prices will increase and they can take advantage of the actions taken.
For the obvious reason of course. People are holding on to their Bitcoin even if the prices now are currently going down because if the price falls then surely it'll rise too. If you could look at Bitcoins price 4-5 years ago, the value of Bitcoin was low too but it got back up and skyrocketed at that time. So if ever the hard fork will happen and Bitcoin will split into two as what people are saying then it would be an advantage to those Bitcoin holders.
To wait for a high price, of course 
is this even a question? isn't it obvious why they are holding, the past history tell you that there is a good reason to hold bitcoin, with what happened in the last months, with the last pump that brought bitcoin to a new ATH
with all the new adoption now bitcoin is strong than ever, if you are concerned about the upcoming possible split, you should not because it's not as big as people are making it
not sure if you noticed but after a bad news bitcoin become stronger than before, so seems that this bad news are only strengthening the value
with all the new adoption now bitcoin is strong than ever, if you are concerned about the upcoming possible split, you should not because it's not as big as people are making it
not sure if you noticed but after a bad news bitcoin become stronger than before, so seems that this bad news are only strengthening the value
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
People are now holding bitcoin since they see that bitcoin has the potential to become the currency of the future, and since a lot of them missed out on 2010 and buying bitcoin when it was only a couple of cents, they are trying to hold bitcoin now, and wait for it to rise up. Most people think that their is a huge chance that bitcoin will be in the 10s of thousands in a couple of years. Holding is usually stress free compared to the other options you have there like trading and investing in other alt coins in the cryptoworld. Holding bitcoin is one of the most easiest things to do by people.
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 . 
Personally, I wouldn't hope for that
I don't think that the chain split is a very likely event itself, but if it does really happen, that will be a real catastrophe for Bitcoin. Ethereum got split (as some mentioned it as essentially a non-event with no serious consequences), but no one had been giving a fuck about this coin anyway, while Bitcoin is a completely different matter. If the split should happen for real, it will be a full-fledged civil war with no winners and only losers. So it is not about the value of your investment being halved, it is more about losing this investment altogether
I don't agree. People did care about Ethereum, just look at some charts. It has the second market cap and volume and it used to be a decent coin with a lot of investors before the fork. Now, if we are to compare Ethereum went to the moon soon after it forked and the old chain gained value as well, so depending what you chose to do you could earn or earn a lot, but not lose on it. If Bitcoin were to behave like that we'd have segwit in 2 weeks, followed by a large pump, followed by a fork, and another pump on both chains. I don't think that the chain split is a very likely event itself, but if it does really happen, that will be a real catastrophe for Bitcoin. Ethereum got split (as some mentioned it as essentially a non-event with no serious consequences), but no one had been giving a fuck about this coin anyway, while Bitcoin is a completely different matter. If the split should happen for real, it will be a full-fledged civil war with no winners and only losers. So it is not about the value of your investment being halved, it is more about losing this investment altogether
I understand that you don't agree and why exactly you disagree
When I said about no one giving a fuck about Ethereum, it was a metaphor (or rather a hyperbola). Indeed, people who are holding these tokens do care about anything which could potentially affect their price. But, first, given that about 80% of Ethereum is premined, the number of these people cannot be great by definition (but please don't push the bullshit about the market cap of this coin). Further, the so-called Ethereum "split" was not a split in the strict sense of the word, i.e. the chains that this split produced were not even remotely comparable in their power. This may not be the case with Bitcoin, and this is what might make the difference
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
people are holding bitcoin because the price of the bitcoin is increasing every day and still there is a huge chance that in future the price of bitcoin will be very high so that will let the bitcoin holders earn good amount for them and will help the bitcoin holders to secure their future so that is the reason why people are still holding bitcoin. 
To make more money, Bitcoin will grow and who holds a good amount can make a good cash on it.
You're right.I believe people hold bitcoin to prepare for their future plans.It's kinda ensuring your life to make it bright.I myself hold bitcoin so i won't have less worries if ever circumstances come in the midst of my journey,along with my family.I felt secured knowing i have earned bitcoin in this forum. 
Personally, I wouldn't hope for that
I don't think that the chain split is a very likely event itself, but if it does really happen, that will be a real catastrophe for Bitcoin. Ethereum got split (as some mentioned it as essentially a non-event with no serious consequences), but no one had been giving a fuck about this coin anyway, while Bitcoin is a completely different matter. If the split should happen for real, it will be a full-fledged civil war with no winners and only losers. So it is not about the value of your investment being halved, it is more about losing this investment altogether
I don't agree. People did care about Ethereum, just look at some charts. It has the second market cap and volume and it used to be a decent coin with a lot of investors before the fork. Now, if we are to compare Ethereum went to the moon soon after it forked and the old chain gained value as well, so depending what you chose to do you could earn or earn a lot, but not lose on it. If Bitcoin were to behave like that we'd have segwit in 2 weeks, followed by a large pump, followed by a fork, and another pump on both chains. I don't think that the chain split is a very likely event itself, but if it does really happen, that will be a real catastrophe for Bitcoin. Ethereum got split (as some mentioned it as essentially a non-event with no serious consequences), but no one had been giving a fuck about this coin anyway, while Bitcoin is a completely different matter. If the split should happen for real, it will be a full-fledged civil war with no winners and only losers. So it is not about the value of your investment being halved, it is more about losing this investment altogether
Because I already got addicted in trading at Paxful
I hold several BTC's ATM and just hoping for the best
I hold several BTC's ATM and just hoping for the best
And lastly this is not 'critical situation' because if there is a true split that will happen it will just divide your coin into 2 but it will not divide your investment's value into 2 so to those people that really worried about this is just normal because it is so interesting that bitcoin will get a potential twin
Personally, I wouldn't hope for that
I don't think that the chain split is a very likely event itself, but if it does really happen, that will be a real catastrophe for Bitcoin. Ethereum got split (as some mentioned it as essentially a non-event with no serious consequences), but no one had been giving a fuck about this coin anyway, while Bitcoin is a completely different matter. If the split should happen for real, it will be a full-fledged civil war with no winners and only losers. So it is not about the value of your investment being halved, it is more about losing this investment altogether
Unless you jump the ship before it is too late
To make more money, Bitcoin will grow and who holds a good amount can make a good cash on it.
When people hold bitcoin, they hope that someday the price will rise several fold. But of course this requires extra patience. That's the most sensible reason in my knowledge.
that is correct and the main reason why people hold their bitcoin. Bitcoin is a good source of investment and a symbol of the future. More people are learning about bitcoin and get use to using this currency. And when they do that, they have strongly affected the price of bitcoin and make it increases month by month. Bitcoin is the best place to save your money and double your money in a short term 
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
I do not agree that this is a critical time. Fork may be new to bitcoin system but definitely not for entire crypto community. Fork is going to take place for a positive improvements which means it might lead to new higher prices in coming days then what will be the wrong in just holding bitcoins rather than trying to trade them for short term benefits. I guess only traders might not prefer holding bitcoins as per current situations but all long term believers must be simply holding and following situations more calmly like I am doing
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