Why people are holding Bitcoin? - page 72.

Prime Gold

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Quote from: MrEthics69 on September 01, 2017, 02:55:55 AM

If you know price of Bitcoin 3 months ago and saw the price of now then you can understand how increase Bitcoin price in day by day that's why people holding Bitcoin and when it's price is so high then sell by a better profit.

I think not only 3 months but 2 years ago also, I see bitcoin prices go up 200%.
I'm sad because I didn't keep so many bitcoins at the time

Nurma.A

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Perhaps the person who holds the bitcoin even though the bitcoin condition is critical because they believe bitcoin will rise again the price.

MrEthics69

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If you know price of Bitcoin 3 months ago and saw the price of now then you can understand how increase Bitcoin price in day by day that's why people holding Bitcoin and when it's price is so high then sell by a better profit.

richkellj

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Quote from: pikebu on August 31, 2017, 12:47:25 AM

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.

Yep, bitcoins has large of benefits than other instrument of investment like gold although the process to get bitcoins almost is same with mining, but on bitcoins we can take it on every where, we can put the bitcoins on smart phone and full control, bitcoins is more easy to be sent to around the world be compared with gold, also bitcoins has chance to become new currency in the world be used for all of the people around the world too.

When competed with any other asset or money, bitcoin wins in every aspect. It's value increases at a much faster rate than other valuables. It is better to store bitcoins at present as it will return huge profits in near future. With increasing demand and usage, it will keep on growing this way.

poplolnman

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Quote from: 3kpk3 on August 31, 2017, 02:26:09 PM

Simple answer here is that they believe in the value of bitcoin and they are confident that its value will keep soaring in the future. There are so many reasons to support their confidence like the supply and demand logic, positive opinion regarding bitcoin by majority of the world etc. I too share this same opinion. Grin

honestly i sometimes hate to hear people keep talking about value only in bitcoin. where actually there's a lot more benefit inside bitcoin invention , for example it's planned as the revolutionary money , revolutionary financial sytem that gives you completely freedom to hold and spend your money easily anywhere anytime with its blockchain technology. even though i admit that value are an important thing too. that's a promising investment when it comes to long period business.

Somz1

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It's a valuable asset in future

Cold-Heart

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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 am also planning to hold bitcoins because it's value is rising up frequently. And this can convert my money to a higher value but with the same price that i deposited for the past days, this can be a good source of income if you think that it is higher enough to convert the bitcoins in to money, but the sad part about this is if the bitcoin value drops very low and you didn't have a chance or take the chance to withdraw it when it is very high. Cheesy

Theodorre

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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?

for a beginner sometimes holding is an appropriate choice rather than taking risks, when it is difficult to analyze market movements.

jubalix

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The first time in history you can hold wealth outside the state, local community whatever. You are no longer bound to the whims of other peoples political beliefs, rules, ideas thoughts.

Well you are to the extent you are bound to miners and devs, but there are plenty of other coins that get closer to your system of thought or you can launch your own.

Remember most, 99.999% or more of people have no idea at all what money, to quote idocracy "i like money" is
.....yet alone BTC.

ict

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they are waiting for best price.
when bitcoin hit higher price, they will sell it. they believe bitcoin price will more grow than now.
for me, better sell bitcoin when the price increase than hold in too much longer.

DoublerHunter

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Quote from: Irvinn on August 31, 2017, 05:17:36 PM

Why do people keep bitkoyn? In my opinion, the answer is already clear. It is used as a means of accumulating value. That is, people do not unreasonably expect that the price of bitcoin will increase significantly with time. While this hope comes true. Price bitkoya is rising. According to forecasts for both the short and long term, this trend will continue for a long time. So in this case people do absolutely right.

That is absolutely correct, they are keeping bitcoin because they know that the value of bitcoin will go up and they will earn more money in bitcoin if they will not touch it and just keep it for long term and even in short term they can earn up to 500 USD because of the unexpected pumps and for just a correction it is "bitcoin" not bitkoyn.

Irvinn

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Why do people keep bitkoyn? In my opinion, the answer is already clear. It is used as a means of accumulating value. That is, people do not unreasonably expect that the price of bitcoin will increase significantly with time. While this hope comes true. Price bitkoya is rising. According to forecasts for both the short and long term, this trend will continue for a long time. So in this case people do absolutely right.

youdacapt

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Many people think that saving as much bitcoin as possible will be very useful for the future, but I think the majority of us just make it immobile (passive assets). Bitcoin has an active currency role, supposedly if we continue to use it in various businesses then we can enjoy it as often as possible instantly exchanging with fiat after what percentage we get.

mihohil

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because its price is growing every day, so when it will start falling people will be able to cash out

shield132

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Quote from: lucygreen on August 31, 2017, 02:56:40 PM

I guess some of us just don't trust banks and governments anymore and Bitcoin and its math seems a pretty good alternative to all these official liars that rob you smiling and saying that they do it for your safety.

If anyone don't trusts banks, then when they want to get money (exchange btc), that the hell are they using? Of course banks/exchangers so I believe that's not a main reason. People are holding bitcoin to get high profit, but for that high profit there is a need of bitcoin's price rise (that usually happens). Another holding reason is to have a money for a "black day" when goverment will freeze your account and you'll get bitcoin into usd on another way.

lucygreen

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I guess some of us just don't trust banks and governments anymore and Bitcoin and its math seems a pretty good alternative to all these official liars that rob you smiling and saying that they do it for your safety.

drubas

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Three possible reasons for holding Bitcoin or any other coin / token:

a.) Profit seeking BTC

b.) Long-term target: Decentralization!

c.) Coincidence... Sure, quite unlikely, but possible.

B.D.

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because everyone thinks, bitcoin prices will go up every day, and that's what I think is true. seen from the bitcoin price of the past and present it has much difference, and it proves that if we hold bitcoin now and sell it in the future, we will get a very big advantage Grin

3kpk3

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Simple answer here is that they believe in the value of bitcoin and they are confident that its value will keep soaring in the future. There are so many reasons to support their confidence like the supply and demand logic, positive opinion regarding bitcoin by majority of the world etc. I too share this same opinion. Grin

Fretcy

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People like to hold bitcoins because of the rise in price of bitcoins as you can see bitcoin is more precious than gold, as the popularity of crypto currency is reaching all over the world the demand for bitcoins will go up and the Price will increase and the holder's will get good return on investment, by gaining more profits by selling them when the price shoots up.

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