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Topic: Why people are holding Bitcoin? - page 57. (Read 58484 times)

newbie
Activity: 56
Merit: 0
October 16, 2017, 08:06:13 PM
folks holding the bitcoin i feel bitcoin is very good expense for the future because i blelieve bitcoin following the split concern several bitcoin holder are panic but now right after the issue the bitcoin even now in robust as decentralized currencies in altcoin cryptocurrencies, so nothing worry to holding the bitcoin as potential investment.
sr. member
Activity: 1316
Merit: 257
October 12, 2017, 09:35:17 AM
This is a good question, many people think that bitcoin holding is the best way to get profit, I do not think, holding bitcoin are at risk because whenever prices can go down.
everything is right, but it's better to sell at a suitable price without having to wait long .. the right time and the right price, but it all depends what is in need .. if need not to sell it, because I think the price is stable, and not bad for meet the needs of the economy .. the choice is in yourself and his needs, smart in making the decision is good ..
hero member
Activity: 672
Merit: 500
October 12, 2017, 09:08:49 AM
someone holds Bitcoin because they know Bitcoin will crawl up much higher than it is now. therefore they prefer to hold Bitcoin.

and it's been proven today. bitcoin is past the current $ 5000, this is a good sign it seems. people are increasingly believing in bitcoin progress. And maybe after the second hardfork in november later, bitcoin price can reach $ 6000.
member
Activity: 176
Merit: 10
October 12, 2017, 09:08:07 AM
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

I think people are holding bitcoin because they are waiting for the value of it to increase to the value that will satisfy they want. Waiting to increase its value will give you more earning which is good for us people, because we need lots of money to survive in this world, and thats because of bitcoin. they have the good reason, they are being wise to earn more money.
newbie
Activity: 40
Merit: 0
October 12, 2017, 08:58:05 AM
Because it will grow more and more ... today few people (more than 99.9 %) in the world know what is BItcoin and altcoins ... when more people buy crypto it will grow more ... we are just at the beginning of this adventure of crypto . like internet in the 90' s
member
Activity: 119
Merit: 10
October 12, 2017, 08:55:59 AM
The answer is obvious - because they expect that the price will rise and in dollar terms they will earn money. Perhaps they believe in bitcoin, that it will become worldwide currency in future
+ Now the market excites the topic of gold bitcoin, so people will invest even more in bitcoin. There are suggestions that this will lower the cost of alternative coins
sr. member
Activity: 784
Merit: 255
October 12, 2017, 08:46:53 AM
they hold bitcoin because they want to make more money . From my experience i often hold bitcoin , because bitcoin will up

I agree with you that the price of Bitcoin is slowly rising.
Bitcoin provides concrete proof not just wishful thinking. the person who bought Bitcoin a month ago and held it up until now has benefited from selling it now.
Bitcoin is no longer a long-term investment in the short run anyway holding Bitcoin can make a profit.
maybe that is the reason why people hold Bitcoin.
newbie
Activity: 37
Merit: 0
October 12, 2017, 08:35:58 AM
they hold bitcoin because they want to make more money . From my experience i often hold bitcoin , because bitcoin will up
hero member
Activity: 1806
Merit: 672
October 12, 2017, 08:34:08 AM
someone holds Bitcoin because they know Bitcoin will crawl up much higher than it is now. therefore they prefer to hold Bitcoin.
From the most part of my experience with Bitcoin and this forum I think that most people use Bitcoin as a profiting tool rather than use it as what is it made of. What I mean about that is people as of right now are taking advantage of the volatility of Bitcoin, and it is wiser to be that way because using it as a currency might hurt you when Bitcoin's value decrease. When you browse the topics here in the forum you will find topics mostly related to its price and its future compared to finding topics related to using it as a currency.
full member
Activity: 546
Merit: 100
October 12, 2017, 08:30:35 AM
I think people hold their bitcoin because they are wait the time to the higher price exchange or value of bitcoin. This is also a business. We can compare bitcoin in palay or rice and gold. Some farmers hold their rice or palay stocks when the supply is higher than demand. Then they will sell it when demand is greater that supply to sell it in high price. Aslo in terms of gold,many rich people or businessman are buying gold or jewelry when price is low and keep it until it has a good market price,every moment gold may upgade the price. Like in bitcoin you dont have to encash when it has a lower value wait time to have a high exchange rate. Be practical.
sr. member
Activity: 784
Merit: 251
October 12, 2017, 07:31:41 AM
someone holds Bitcoin because they know Bitcoin will crawl up much higher than it is now. therefore they prefer to hold Bitcoin.
member
Activity: 241
Merit: 11
October 12, 2017, 07:23:36 AM
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
People hold bitcoin becuasw thay want to get a huge of profit someday or become rich.
sr. member
Activity: 489
Merit: 250
October 12, 2017, 07:12:08 AM
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
I think many people hold the bitcoins because bitcoin's price will be more expensive in the future,
bitcoins be considered as new digital gold and digital asset, bitcoins can protect their whealty from inflation
so they hold bitcoins for long time.

Many people are continously holding in the Bitcoin beacuse its value will keep on growing and increasing continously. You can serve it like an online banking wherein you can store up your money yet the difference is its value grows faster than banks.
newbie
Activity: 6
Merit: 0
October 11, 2017, 02:59:24 PM
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

Most probably those people are investors who do the long term goal. They do not care how low would the value of bitcoin decrease because they are aiming for the long term and they knew that the decrease would be temporary and it will recover in the coming years.

Most of us believe that Bitcoin's price will increase in the long term. But how long is long-term? Is a holding period of 2 years sufficient or is 10 years required? Eventually, all of us have to cash out if we want to enjoy the appreciation in Bitcoin's price.
I agree with you but i don't think it will be something like 10 years i am planning to invest in bitcoin for 2 to 3 years this way i can cash them out and enjoy while i am still young and have the time to enjoy.
You are totally right with what you are saying i personally think that if u do it the right way and spend just the right amount of time in bitcoin you will be able to reach your goals in even 6 to 12 months.
newbie
Activity: 6
Merit: 0
October 11, 2017, 02:30:26 PM
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

Most probably those people are investors who do the long term goal. They do not care how low would the value of bitcoin decrease because they are aiming for the long term and they knew that the decrease would be temporary and it will recover in the coming years.

Most of us believe that Bitcoin's price will increase in the long term. But how long is long-term? Is a holding period of 2 years sufficient or is 10 years required? Eventually, all of us have to cash out if we want to enjoy the appreciation in Bitcoin's price.
I agree with you but i don't think it will be something like 10 years i am planning to invest in bitcoin for 2 to 3 years this way i can cash them out and enjoy while i am still young and have the time to enjoy.
full member
Activity: 165
Merit: 100
October 11, 2017, 02:27:00 PM
because every one want to buy cheap bitcoin and earn good profit thats why every one hold bitcoin
sr. member
Activity: 568
Merit: 254
October 11, 2017, 02:18:11 PM
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
Bitcoin is a good investment. Selling it to others is like selling your future.Even how many forks would come it will survive.
sr. member
Activity: 638
Merit: 300
October 11, 2017, 12:55:55 PM
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

Simply because the person who keeps holding the bitcoin knows and believes that our future is bitcoin ,because we all know that there is a possibility to increase the price. if you buy bitcoin and the price will double this maybe our way to be rich.

True, some people who are holding bitcoin believe in the future of bitcoin. They are holding it ans sell it when its on its peak. They in that way they can earn income a big income.  Or to some maybe they hold bitcoin as an investment in the future.. lately the value or the price of bitcoin is increasing everyday.
full member
Activity: 559
Merit: 100
October 11, 2017, 12:47:04 PM
Now almost everyone around the world know about bitcoin. Nothing can stop the price going up of bitcoin. Keep bitcoin as you are keeping the benefits for the future.
full member
Activity: 560
Merit: 101
October 11, 2017, 12:45:19 PM
Bitcoin holders are peoples who see bitcoin in the future. They include peoples are optimistic about the popularity cryptocurrency, so they are patient waiting for that time to happen. Where bitcoin becomes very valuable.
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