Why people are holding Bitcoin? - page 79.

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Quote from: deddod on August 23, 2017, 01:59:09 AM

Because they know that bitcoin is the future.
They think that bitcoin prices will be very expensive in the future.

At present, the prices of bitcoins are coming down but it is still very expensive asset. You may not afford still buy it fully. Holding on now is actually more important than ever. Now is the right time to stay patient and do not panic in your decisions because no matter what, the prices will rise up again and the next time it will be surely high than now.

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Quote from: lalabotax on August 24, 2017, 04:22:49 PM

Many people expect a rapid rise in bitcoin in the coming year. So that's why there are so many bitcoins.

Most people don't look at the "coming" or "next" year for an increase, the real enthusiasts mostly HODL their coins for a few years. You can look back at 2009 and see that;
Most of the people who HODL'd their coins are pretty much millionaires right now. So years of wait does pay off.

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I think everyone knows that now bitcoin prices are soaring, so maybe everyone is holding a strategy and as prices keep rising, they will definitely sell it and certainly for long term investments ..

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Many people expect a rapid rise in bitcoin in the coming year. So that's why there are so many bitcoins.

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People are still holding bitcoin despite the fact that it's market floctuate downward because, bitcoin doesn't only serve as currency but also as a store of value that has a potential increase in time to come. Think about those people who hold their bitcoin from when the market value was $1,500 till date at $4,230 despite the fluctuations in between the period they continue to hold. Now you can see their profit over the period of their hope in bitcoin.

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Quote from: haji lulung on August 23, 2017, 04:08:35 AM

People are holding their bitcoin besause they predict that someday bitcoin value will increase. And they want to get more benefits when they sell thir bitcoin.

This is an absolute reason but one more reason is that they are lazy. They only want to get money. They don’t think for long term and hold them to sell them and get money. If we think about it we can get more benefit than holding the same coin that we have if we start trading.

Trading will let to increase the number of bitcoin and if you sell more bitcoin after some time then you will definitely get more profit. In short they hold bitcoin to have some profit.

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Quote from: A1exander on August 23, 2017, 02:33:55 AM

Because I tend to look at the big picture. When I first heard about bitcoin, it was about $1. Now it is around $4000, a rise for more than three orders of magnitude in six years. Most of my coins were acquired by mining, almost for free. A dip, say, from $4500 to $4000 is almost nothing for me, because I have all reasons to expect bitcoin rising to a new maximum after.

And even if you did not buy at those prices, bitcoin still offers amazing ROI if you bought at 400, 400 times the price at what you bought, you still got ten times your initial investment so if the price loses a few hundred dollar you do not have a reason to worry at all.

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Because the price is so incredible, many people are holding bitcoinnya and predict bitcoin will go to the moon.

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Quote from: Kingofbitcoin12345 on August 24, 2017, 07:08:00 AM

It is a choice of one when they think the need to hold bitcoin, they do trust bitcoin as an investment even in fall down of price they know that it will rise again.. So if that what a holder think he will hold that as long he sense that the price is profitable to him and if his tolerance and patience is in the last hold..

yes but I think people are holding the bitcoin because they are waiting for the price to get higher before they sell it and some of the people are holding their bitcoin because they knows the price is increasing and the river of the bitcoin price will never stop increasing and it is a kind of collection as well and some want to make invest in it so there could be a lot of such reasons.

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holding Bitcoin is always profitable and not even the warning of 1st August can change this trend. We know Bitcoin is the best long term investment right now. if you promise your friend to invest into some altcoin then that will depend on your luck more than your skills but if you said to invest into Bitcoin then that's actually not just the luck. that is a logical concept. you can probably get a theory on that.

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They hold Bitcoin for a variety of reasons, but the main reason is because they believe that Bitcoin prices will soar, and are at the top of the highest price, let alone with the issue of Bitcoin prices reaching 100 million, so they can exchange it for a very high nominal.

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Quote from: SamsungBitcoin on August 24, 2017, 02:27:06 AM

Most of the users hold their bitcoin because that is one way to earn big profit in the future and we all know that value of bitcoin is continuous increasing having huge amount of bitcoin makes big amount of money. That is why i eagerly to collect more and more bitcoin for my future.

This is a reason why Bitcoin is more valuable and if you read the whole thread, most of people would suggest you to hold Bitcoin for big profit in the future which is correct. But, you have to be patient and see other opportunity like trading to increase your Bitcoin.
Hold Bitcoin without any further action isn't a good idea to do.

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Quote from: BrewMaster on July 14, 2017, 09:41:58 AM

Quote

... the price fall is more than the rise

WRONG.
you need to look at the bigger picture.
right now you are just looking at a short period of time where bitcoin price has came down a little. if you look at a couple of months you can see a rise from ~$880 to $2900 and right now it is sitting between $2200-$2400.

even if it falls more it will still be much much higher than the couple of months ago.

with that said, did you get your answer to why people hold bitcoin

The person who said that is very Solly and can't read a graph. By nature of supply and demand it will go up in value longterm. Just some people can't wait and are so impatient and want a get rich quick overnight scheme.

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Hope someday get rich quick, we all know that many rich people suddenly due to bitcoin so we should invest bitcoin as soon and as much as possible.

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Quote from: nidacoinlove on July 14, 2017, 09:23:27 AM

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

It is because they will earn more profit, they will hold a little more so that they could a lot of profit. We all know that the price of bitcoin is almost everyday increasing price so they will hold it for the future because the price will more likely double i think by next year. Well it is critical now because of the higher price and it is the best time to sell but they will hold it little more.

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It is a choice of one when they think the need to hold bitcoin, they do trust bitcoin as an investment even in fall down of price they know that it will rise again.. So if that what a holder think he will hold that as long he sense that the price is profitable to him and if his tolerance and patience is in the last hold..

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Everyone should hold bitcoin, because as we know now the big bitcoin prices make everyone want to own it, some are mining and investing to produce bitcoin. Because bitcoin can make people get rich quick.

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Quote from: SamsungBitcoin on August 24, 2017, 02:27:06 AM

Most of the users hold their bitcoin because that is one way to earn big profit in the future and we all know that value of bitcoin is continuous increasing having huge amount of bitcoin makes big amount of money. That is why i eagerly to collect more and more bitcoin for my future.

No doubt that your point is right, the amount of bitcoin is a huge deal in accumulating profits in bitcoin so if we have more bitcoin then if the price will pump even a little bit like 10%, we can still earn a lot of profit from our holdings so it is the reason why people are holding bitcoin and why us, bitcoin users should collect more bitcoin.

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Most of the users hold their bitcoin because that is one way to earn big profit in the future and we all know that value of bitcoin is continuous increasing having huge amount of bitcoin makes big amount of money. That is why i eagerly to collect more and more bitcoin for my future.

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Quote from: matanglawin on August 24, 2017, 01:53:17 AM

Quote from: nidacoinlove on July 14, 2017, 09:23:27 AM

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

Its market value before is approximately 2400$. And its market price at this moment is 4000$ . Before Bitcoin reached the current market value, it gone through lots of dumps and deflations. Those people who held their Bitcoin during the backdrops, until the hardfork happened last August 1, will surely earn huge amount of profit. becausr its price increase after a period of time. And that's the reason why people are still holding their Bitcoin through thid kind of situation.

Yes you are 100% right, the price of 1BTC was nearly $1300 in March today its price is $4000+. So the price of bitcoin is increasing and it fluctuating very fast therefore holding bitcoin and waiting for price increase benefit the holder of bitcoin.

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