Why people are holding Bitcoin? - page 70.

richminded

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Quote from: Agozyen on September 02, 2017, 11:24:20 PM

Quote from: nidacoinlove on July 14, 2017, 08:23:27 AM

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

We are holding out for the day when the amount of Bitcoin we hold allows us to retire.

Most of people here hold bitcoin for the future purposes, i believe on the same thing because i know bitcoin will give us more opportunity to grow in the future and we should hold bitcoin so we can fully enjoy the benefits of it tomorrow.

redsun114

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Quote from: Spinbackup on August 30, 2017, 10:51:32 PM

Because it has great potential and is increasing in price in the long term, plain and simple.

Indeed bitcoin has huge potential to increase the price and the importance of the income we earn from bitcoin so it is good to hold your bitcoin for long time so that it will increase the profit people are believing in bitcoin that using bitcoin they can get rich and they can enter a new world of success as I am holding bitcoin because I know there is a chance of the increase in price.

I believe history will repeat and we all get into the group people who made it possible to become millionaire and billionaire.

Cofee.BLUE

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Quote from: nidacoinlove on July 14, 2017, 08:23:27 AM

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

Many people who are bitcoin users tend to still hold on into their bitcoins because they are still hoping that after every dumps, there will be a pump that will follow. That is how price in the market goes. Dumps and pumps in bitcoin price rate is normal yet alarming. As we observe, every time bitcoin's price rate goes into a dump situation, we can see the result that bitcoin's price pump is much higher than the recent one. Many are still hoping that holding into their bitcoin is still a good choice to do because bitcoin's price rate is fast growing nowadays.

Agozyen

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Until the end

Quote from: nidacoinlove on July 14, 2017, 08:23:27 AM

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

We are holding out for the day when the amount of Bitcoin we hold allows us to retire.

princerepon

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Yes, of course for more profit. When BTC born BTC value wasn't too good. Couple of years latter people saw btc value grow up slowly. Now at this moment 1 btc = 4600$. It's pretty cool. No altcoin compare btc. So people think buy some btc and hold it for couple of years and when it's bump hard they'll sell it. It's a lot of profit baby...

stolendata

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Quote from: Vikingr on August 28, 2017, 05:18:46 PM

Quote from: ?? on ??

People holding bitcoin because bitcoin price is increase day by day

Well this is the one of the main fact but let me add some more facts which made people to hold their bitcoins. Some people just want more bitcoin, they did not yet effected by price or think of profit, they just gather bitcoin because they know that bitcoin is the future and they have to make for life without worrying from price fluctuation.

Many people are holding their bitcoin just because to earn more and more money in the future, because the pricesare going very high day after day. That’s why they hold their bitcoin that when the prices become high they will sell their bitcoin and will make more income. I think this is very intelligent way of doing business. But it also holds risk/ so one should also think about this seriously.

Aismabbs

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Quote from: nidacoinlove on July 14, 2017, 08:23:27 AM

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

Aren't you aware of what's happening in this industry? Bitcoins are the most successful investment in this period of time. The value pf bitcoins rises tremendously, it doubles its price this year and atill increasing. So when you invest a lot of money on bitcoins on the first month pf the year, you are probably a millionaire now because the value, as I said earlier, rises above the normal price of it. Until now it is still rises I do not know the reason behind but it is a good thing if you have some bitcoins in your wallets, instant money coming up.

Mcdacillo

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Quote from: nidacoinlove on July 14, 2017, 08:23:27 AM

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

I think they're holding their bitcoin because they want to save their money for their future. They want to withdraw their money if needed for the sake of their money.

kucritt

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Its same with people holding gold they want to get some profit by invest some bitcoin, and maybe they hold bitxoin for sometimes they get good vision about crypto and trading cryptos

b2001cyb

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Factors that lead to Bitcoin price appreciation :

Short term :

1> by the potential fork coming in Nov, if you own a BTC you will own after the fork the same coin on the 2 chains.

2> we are in bubble mode, hence some speculator hold the coin and expect to be driven to 5k or 10k or 100k, who knows...

3> alt-coins, tokens and cryptocurrencies are booming as well, more than half of the investment in altcoins/token is through a first BTC investment, hence liquidity and price of BTC is improved by the alt-coin market.

4> BTC is the natural safe heaven in crypto-currency market. When one alt-coin is falling people will sell it and invest in BTC. This dampens the variations of BTC that is why BTC is so solid and downside is limited.

ETH is the only other coin so far that do have the very same advantages.

mike1183

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You are probably talking about the "split" that could have happened at August, The only reason people didn't sell is because they made a "smart" judgement that a split is unlikely and in the most remote possibility, wouldn't impact holders that much if the overall coin value didn't drop (for all the new coins that could have risen).

kpcian

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Bitcoin is the largest virtual currency platform which offers huge price value. people have got financially benefitted from this platform so that Bitcoin has been accepted in many countries.
especially in the developed countries Bitcoin has got huge popularity and credibility. people also believe they will be benefitted from this platform in the future that is why they are holding Bitcoin for the future purpose.

dedet

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because bitcoin can make our life better than ever because we get a lot of benefits for our lives and also can be used as an investment asset ... hopefully the next few years the price is higher

Psalms23

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Obviously they are waiting until they need the money. Since bitcoin is still rising, it is clear that some investors are still waiting for it to rise higher. And because this will continue on, the only reason they will cash it out is when they need the money.

Fundalini

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Bitcoin's price is tend to rise way too fast in these past few months so the reason must be its price. Those who hold bitcoins believe that it would appreciate to higher amounts.

Mapagmahal

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Quote from: SIHIN on September 01, 2017, 11:21:15 PM

People who holding bitcoin because they want get much profit from bitcoin.
Because every month or year price of bitcoin always increase like rocket.

Yes people who are holding bitcoin for the long time want to have a super profit in the future. Bitcoin price nowadays is surging high and each day it has growth but we are hoping to overcome the $5000 and looking forward to making it to above $6000 before the year ends.

SIHIN

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People who holding bitcoin because they want get much profit from bitcoin.
Because every month or year price of bitcoin always increase like rocket.

yrreg ger

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Quote from: nidacoinlove on July 14, 2017, 08:23:27 AM

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

This is because they know that it will recover soon. As whatthey obseved they fall and then recover very fast, they are professional in this business, so even they are panicking they choose to hold and wait the right time for the right price. We can't avoid to lose some money, this is part of our success, so even we hold some bitcoin there's a unexpected situation that we can't avoid, sell some bitcoin and the rest save for the future purpose.

Cryptominia

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Simply because bitcoin increases,
when i first know the bitcoin its only 195$ but now the price is so high,and its not stopping to increase and investor keep holding their bitcoins.

basyang

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Quote from: nidacoinlove on July 14, 2017, 08:23:27 AM

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

In my personal opinion, people hold bitcoin because of its volatility. We know that the bitcoin price is not stable, sometimes the price high and sometimes it is low. And that is the reason why people holding there bitcoin, hoping to rise the price to its higher value before they exchange or convert it to physical money.

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