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Topic: Why people are holding Bitcoin? - page 73. (Read 58487 times)

sr. member
Activity: 364
Merit: 250
August 31, 2017, 01:58:00 PM
People hold bitcoin because they do believe that in the future the price will go higher hence they can benefit from it. Earlier bitcoin holders already get such good opportunity since the price tend to increase from time to time.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
August 31, 2017, 01:37:30 PM
People are holding bitcoin because of its profit and price. Bitcoin dropped down to $1800 five or six days ago but it is still rising. I think in the stock market, if many people have the bitcoin then the price and profit of the bitcoin will always going up and up. Maybe it's going ti drop a little bit but who knows in the future, if you holding only 1 bitcoin, it still make you rich?!
It is doubtful that holding only one bitcoin is going to make you rich in the future, however it will give to you a great advantage in life over those that did not have it, you could pay some debts or buy something you need for a business, the possibilities are endless.
full member
Activity: 634
Merit: 106
Europe Belongs To Christians
August 31, 2017, 01:14:18 PM
trust me btc is gold or maybe better
hero member
Activity: 672
Merit: 500
August 31, 2017, 12:59:56 PM
People are holding to Bitcoin because they’re waiting for the price hike. Bitcoin is making waves on the business world. It’s been gaining popularity and has been making the news. In this case people get interested and start buying and making investments. If this happens, the demands get high and so is the price. So the people that are holding to Bitcoin can finally start selling their Bitcoin. It’s simply just a matter of supply and demand.

hero member
Activity: 1092
Merit: 501
August 31, 2017, 10:25:14 AM
Some of them running BTC businesses and others using those businesses.  Not all people are just hoarding it, though many are.

Many are holding bitcoins and it's not new for everyone. And this is a popular activity by those people that are in bitcoin and the activity that you need to do is very easy. You just have to hold your bitcoins and wait for the price to increase, that's very simple = profit.
Indeed, holding bitcoin is the safest things ever that we can do while waiting for the right time to sell it. But of course for now, we need to be patience it can be next year could be the timing for us to sell it, I guess their projection by this year and next year will be accomplish so that for sure new millionaires again will be rise in this industry.
full member
Activity: 442
Merit: 101
August 31, 2017, 09:33:50 AM
I think they are keeping Bitcoin they waiting for Bitcoin values in the future will increase ... now hoarding bitcoin as much as possible. It was a smart decision to deal with the economic crisis. If that happens, the value of the monetary chain will decrease and the bitcoin will not decrease. Because bitcoin is not related to banking and government
full member
Activity: 518
Merit: 100
August 31, 2017, 09:00:28 AM
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
Bitcoin is still increasing its price. So the people think that if they will keep one Bitcoin amd wait for a time that the Bitcoin reach its maximum value. So that they will sell it in a high price which is a good idea and factor to them because they can earn a high amount of money.
sr. member
Activity: 392
Merit: 292
August 31, 2017, 08:53:45 AM
There are a lot of reason to hold bitcoin nowadays. It is because bitcoin is unpredictable most of the time bitcoin increasing its value. Some keeping bitcoin for personal purposes or maybe for future purposes.
I agree in most cases you wouldn't want all of your bitcoin to be converted in the price that you wanted now is it? Well in truth we really can't know how will be the amount of Bitcoin come to be. In exact speculations we really can't know the what will be the price of Bitcoin. All those thing that you've mentioned on your last sentence were all the same.
newbie
Activity: 9
Merit: 0
August 31, 2017, 01:43:09 AM
I think the reason they are holding onto it is because of the hype around it and how it could potentially reach the 10's of thousands
sr. member
Activity: 868
Merit: 289
August 31, 2017, 01:41:47 AM
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

What makes people compel to hold the bitcoin in this critical situation?

 Because they have Faith in bitcoin, why? aside from the usages and feature is given already to anyone, they know that this year bitcoin will really become 10,000$ before end of this year then by next year will goes up to 13000 up to 13800$. So if this things happen everyone who hold their coins will surely next year are new newly reach bitcoiner just make sure you hold a huge of bitcoin.
full member
Activity: 266
Merit: 100
August 31, 2017, 01:41:10 AM
The price rate of the bitcoin is still increasing so they think that bitcoin is not in critical situation they want to earn more profit thats why they still holding on to bitcoin
hero member
Activity: 854
Merit: 522
August 31, 2017, 12:47:25 AM
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.
legendary
Activity: 1176
Merit: 1016
August 31, 2017, 12:29:41 AM
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

Because they have faith in bitcoin that it will give them big profit in a long run. Aside from the usages it can give to us, it also give us an opportunity and increase our confident to achieve our dreams in life.
If someone keeps his Bitcoins in his pockets today (please don't take the literal meaning), it will get doubled in a very short time (again skip to take it literally). Besides, it would be a stupid to cashout BTCs today if you don't have big plans now. Let the water boil a little more. That's necessary if you want a harden egg in short tme.
full member
Activity: 560
Merit: 180
I'm Matured Now
August 30, 2017, 11:48:36 PM
 I think many are holding bitcoins because everybody can see its future.it is also suitable for long run investment.
member
Activity: 63
Merit: 10
August 30, 2017, 11:42:34 PM
the reason why people hold bitcoin in my opinion is because bitcoin is suitable for a long-term investment. this has been proven by the rise in bitcoin prices this year. so it is likely that the price will continue to increase from year to year to come, and it is not impossible that bitcoin will become a legal currency worldwide
hero member
Activity: 714
Merit: 531
August 30, 2017, 11:31:32 PM
Most of the people are holding it hoping for the value to increase.
Some are holding it to make payments.
And some other because they support the idea of a decentralized currency and are fed up with the financial system.

In the order above Smiley
Main reason is to make huge income because we all know that bitcoin value was continuous increasing and if you have huge bitcoin hold in your wallet the potential to make higher income is there. Me i just hold my bitcoin for my future expenses because i have plan for next couple of years. And choosing bitcoin to puty money than banks.
sr. member
Activity: 485
Merit: 250
August 30, 2017, 11:27:16 PM
Most of the people are holding it hoping for the value to increase.
Some are holding it to make payments.
And some other because they support the idea of a decentralized currency and are fed up with the financial system.

In the order above Smiley
full member
Activity: 476
Merit: 102
August 30, 2017, 11:23:13 PM
There are a lot of reason to hold bitcoin nowadays. It is because bitcoin is unpredictable most of the time bitcoin increasing its value. Some keeping bitcoin for personal purposes or maybe for future purposes.
sr. member
Activity: 322
Merit: 250
August 30, 2017, 11:18:16 PM
Why not? As you can see the price of bitcoin changing everyday of course in better way. From the first time I heard about bitcoin, its price has increased more than 5 times that make a lot people believe in this coin so they try to keep and earn as much as they can and waiting for the price increase Cheesy. Maybe if you have more than 1 BTC you can earn at least 100$ a day with trading Cheesy
hero member
Activity: 1288
Merit: 524
Buzz App - Spin wheel, farm rewards
August 30, 2017, 10:55:38 PM
Same kind of question, same kind of answer. Every day, why holding bitcoin?, why you love bitcoin etc. etc. O come look at the price of bitcoin and after looking at the price i am sure that you will not ask these questions again. Profit is, why every one is here working on this forum and investing in different coins.
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