Topic: Why people are holding Bitcoin? - page 35. (Read 58467 times)
Because of the bitter value of bitcoin, bitcoin is still in its development stage at present. The price fluctuates greatly, and the temporary decline is absolutely nothing, so it will hold bitcoin.
Yeah. I am agree with you. The price of bitcoin is in ups and downs for two weeks when you made this post. It's a general fact. As bitcoin is a cryptocurrency, it's price may rise or fall down. You are afraid at this fact. But the other people don't have this fear. Because they know that the price has fallen and it will rise soon see the current price. So they are not ready to sell their bitcoin. Moreover they are buying bitcoin more and more. Because they are used to this circumstances and they know how to handle this.
People are holding Bitcoin because they know that it is going to become the world currency replacing the government controlled money and of course because the price is still very low raported to the limited supply(21 million) and looking at price action history we should see it close to 1 million dollars in few years. 
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
Of course to earn something big by holding bitcoin along with some patience. When you look the current trend that will give you the answer why we were holding. Its not ended any way i feel. Its more to earn for current holders of bitcoin. Minimum investment is also earn you something you cannot warn from other sourcesI hope it will not make you lose if you choose right time to buy or sell.
Sadly most people hold their bitcoins in the hope to sell them at a higher price than the one they bought it at. As for me I am not in the use case. I have to save up a certain amount of bitcoins for a certain date next year, irrevelant to the price of one bitcoin at that time.
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
Some people hold thier bitcoin amd not selling any amount of it because they believe that bitcoin price will increase after they bought it in its current price. Holding will give you huge profit , but you must wait for it, the right time. 
Today I sold BTC0.115, which was around 6% of all my coin holdings. There was no financial crunch as such but I thought that I would diversify some of my investments. Got around $835 for the coins and I invested all of that amount in equities. Not that I am saying that equities are risk-free. But I wanted to distribute my risk and diversify my portfolio.
I think the following are the reasons why people hold Bitcoins:
1) To sell it at a higher price when its value reaches the peak.
2) To let their investments grow on its own.
3) To have a backup in the future in case their other businesses do not work for them.
There may be other reasons that are personal to these people. Hence, we need not dwell on those any further. That being said, I think it is safe to say that the above list is not exclusive.
1) To sell it at a higher price when its value reaches the peak.
2) To let their investments grow on its own.
3) To have a backup in the future in case their other businesses do not work for them.
There may be other reasons that are personal to these people. Hence, we need not dwell on those any further. That being said, I think it is safe to say that the above list is not exclusive.
I'm not fully updated about the current condition of the system but, based from what i've observed i don't think that it's in a critical situation. I guess the reason people hold bitcoin can be for investments and because they are waiting to sell their bitcoins when the price is at its peak or is raising.
because the price is rising and it will increase even more.
becuse they ar now after some year it give us 3x -10x profit ,
Like any other currency there are some people holding currency because while I'm writing this comment every currency changing it's value, there are so many people aware of this changes and they actually study it, they know when Bitcoin value is rising so they're holding it then sell it...
I think maybe most bitcoin holders want to make bitcoin prices higher than today, because now the price is getting higher because the bitcoin market is getting less and many people choose to hold their coin bitcoin and not sell to the market.
I don't see Bitcoin as an asset like many of here do but as a vote for decentralized money system.
Which gives rewards in the form of value increase or profit.
I started with Bitcoin when it was around $100, so it doesn't feel as a loss when the value of Bitcoin decreases from $7500 to $7000.
Bitcoin tends to fluctuate a lot, if you can't handle that then don't buy it.
Which gives rewards in the form of value increase or profit.
I started with Bitcoin when it was around $100, so it doesn't feel as a loss when the value of Bitcoin decreases from $7500 to $7000.
Bitcoin tends to fluctuate a lot, if you can't handle that then don't buy it.
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
Because the value if bitcoin is getting higher so they hold it until it reach its peak.Well we dont know what is the peak of the price of bitcoin we cant know if that is the highest price of bitcoin ever in its history though the essence of holding bitcoin to earn profit from it. If you hold.your bitcoin in $3000 then now you are still holding it then it is really a big profit . They hold it in a period of time to earn big profits
One likely everyone start saving bitcoin is because the advantage that we can get a very large amounts, please note that for now this bitcoin experiencing growth are greatly increased. So it was certainly a person who trusts the bitcoin, as well as understand and understand what is bitcoin then great advantage is the first thing they are going to get. It's just that it takes time.
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
Because the value if bitcoin is getting higher so they hold it until it reach its peak. 
I'm also one of the "people" you mentioned, I'm waiting for the bitcoin to double... xD, and maybe everyone holding the bitcoin has the same idea as me.
Because bitcoin holders has the same view, that is, making bitcoin as investment option than gold and other familiar to us. And now it's been proven bitcoin grows dozens times over the previous year.
Most time I observed that the price of bitcoin falls at weekend because of weekend break as most trading broker goes weekend break the equally affect the price of bitcoin. As for the holders not selling their bitcoin is because I felt that over 90% of bitcoin investors believed that the prediction of bitcoin price hitting $10k/BTC will be real with at which the price have increased within few months.
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