Topic: Why people are holding Bitcoin? - page 23. (Read 58484 times)
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Obviously its because they wants to get good profit in future. Its not only the possiblity that its value will decrease in future. It can also go at more bigger level. You can consider it as like people hold gold for future.
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
Yes off course they will hold their bitcoins for long term because till now bitcoin has very huge impact in long term and as you can see in the month of October the price of Bitcoin was $3000 now it is $8000.It may become $20000 in long term this is the main reason why they are holding for long term. Everyone who bought bitcoin expecting that it will be cost 100 000$ or more in 10 years. Many people think that he managed to buy new gold for nothing.
They are holding (as a matter of fact it should be like this way) because the Bitcoin is the long-term investment currency.i agree that blockchain technology is the future, and specially the bitcoin will continue to rising and protecting the first place.
we're all going to see how BTC will gain value if we wait with patience.
People are holding their coins because the fundamentals are quite strong and the future potential is great. Everyone want to become rich and they are not satisfied with the current exchange rates of Bitcoin. Most of the users are waiting for prices of $50K per coin or even $100K per coin.
I agree with you, not possible price bitcoin will stop at the price is right now. definitely will be no increase in a more on the next year, the reason we do hold is to get higher profits and make investments the future.
Because people trust Bitcoin and tend to keep more than buy. In the future if people keep more Bitcoin then I am sure the Bitcoin price could reach $ 50,000 in 2018 because so many people would definitely put money to own 1 BTC.
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Everyone who bought bitcoin expecting that it will be cost 100 000$ or more in 10 years. Many people think that he managed to buy new gold for nothing.
People are holding their coins because the fundamentals are quite strong and the future potential is great. Everyone want to become rich and they are not satisfied with the current exchange rates of Bitcoin. Most of the users are waiting for prices of $50K per coin or even $100K per coin.
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... 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 agree with BrewMaster. In situations like this, it is important to consider the bigger picture which could symbolize the long term effects rather than the subject of the picture alone or what depicts to be the short term effects of the Bitcoin downfall. We should all remember that Bitcoin is highly volatile and with that being said, anything can happen in a short span of time; but always know that these changes are temporary. Just like what BrewMaster said, Bitcoin will fall in greater heights but it will surely rise to a higher rate that it may exceed our expectations. This is why people hold on to their Bitcoins despite the thought of its continual decrease, when Bitcoin recovers it exemplary recovers. It is worth the patience of holding on rather than just selling it.
Because it's our money to come in time, and there's a lot to know about it so it's pretty slow to educate people here in the Philippines.
Its pretty obvious that we gain profit from holding it. If your trading and know the fundamental and technical analysis of the flow chart then your a profitable trader. 
The value is rising every day and that is the reason why people are holding them. When I purchased Bitcoin for the first time, the price was around $1,000 per coin. Now it is close to $8,000 per coin.
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
because they invesment in bitcoin and will sell their bitcoin when get profit, maybe they thinking about not get profit yet so they not sell or still holding they bitcoin to anything situation
This time everyone knows, its digital time and world becoming digitise and in Digital world the currencies should also have Digital . BTC is a digital currency or Crypto currency. Physical currency or Paper currency can generate unlimited so the Physical currency value can not be much increase but, Digital currency or Crypto currency like BTC can not generate as much as we want ..in starting of any Crypto currency it is fix of maximum Supply .It can't generate after maximum number of supply.So Crypto currency value always be increase as well as people come for it.
So this reason #People holding Bitcoin
So this reason #People holding Bitcoin
bitcoin has the ability to increase the price in the future, theres a lot of people who wants to bring down the bitcoin but unfortunately they can't, when the bitcoins pump theres a lot of investor panic and they sell they bitcoin, all i want to say is just trust the coin that you have and don't panic price of bitcoin will continue to dump just hold on it and i'm sure that you will be successful after the value of bitcoin dump into the moon.
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
because they invesment in bitcoin and will sell their bitcoin when get profit, maybe they thinking about not get profit yet so they not sell or still holding they bitcoin to anything situation
People are holding their bitcoins to make huge profits from it in future as bitcoin is giving them an license to become rich in future and if people manage to hold their coins for the right time then they will surely make best profits on their investments and people sell their coins only if they are in need of money or if bitcoin is the only source of income for them but if they are earning steady income in fiat and bitcoins is additional income for them then they will never prefer to sell their coins and hold it for the future.
I think this is the one of the reason why they hold bitcoins. They think by holding bitcoin for a long time can generate them a huge profit in the future but actually this is happening if we invest in the year where bitcoin started we are super rich now. Over the years it has been a good investment and maybe it will get above $10,000 soon.
surely people hold their bitcoin because they want a higher price again. and now the bitcoin price for me is very high.
People will hold Bitcoin because it has great potential to generate profits in the future.
Bitcoin is the mother of the coins so it seems that people will be more confident.
Bitcoin is the mother of the coins so it seems that people will be more confident.
People are holding their bitcoins to make huge profits from it in future as bitcoin is giving them an license to become rich in future and if people manage to hold their coins for the right time then they will surely make best profits on their investments and people sell their coins only if they are in need of money or if bitcoin is the only source of income for them but if they are earning steady income in fiat and bitcoins is additional income for them then they will never prefer to sell their coins and hold it for the future.
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