Why people are holding Bitcoin? - page 85.

heppot

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Quote from: Sifat33 on August 21, 2017, 08:07:23 AM

Bitcoin future is very good.people are holding bitcoin because One time bitcoin can be priced at a good price.By 2018, Bitcoin will reach 10k.I hope now you understand why people holding bitcoin.But bitcoin holding is very risky.

because they believe the price will go up except me. not only from good news.
almost bitcoiners can see how bitcoin progress year by year and the benefit from it.

joanshu

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all wish to earn profit as simple as that so is the reason people hold on with their bitcoins to sell them after they have attained their targeted rated just like in the stock and share market sell off when the rate is high and invest when the price is low. Cheesy

CoinOp

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Some of them running BTC businesses and others using those businesses. Not all people are just hoarding it, though many are.

Sifat33

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Honesty is the best policy

Bitcoin future is very good.people are holding bitcoin because One time bitcoin can be priced at a good price.By 2018, Bitcoin will reach 10k.I hope now you understand why people holding bitcoin.But bitcoin holding is very risky.

Siren

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Quote from: Aamir1 on August 21, 2017, 07:17:37 AM

People (including me) are holding their bitcoins with the belief that bitcoin will go even higher in coming time and we know we can have more money if we don't sell our coins right now. Those who sell their coins when they see a drop of just $50 from the price are the ones who has no patience at all, and patience is the basic thing you need in something like bitcoin.

Of course this is the only reason why people are holding bitcoin for long term. You gain much profit as they can. The only reason from holding your coins is that is really takes a lot of effort and patience for some to really hold on it for a long time.

If you are trader, and you see that the price has reached $4500 and you bought it at around $1000, its not easy to resist the temptation to cashing it out because the profit is already in from on you. So we can't blame them for cashing it out, but for most of us, we are not going to sell until we are satisfied on what the price will be. So it really depends on the individual if he wants to sell or continue to hold.

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Quote from: Shinpako09 on July 14, 2017, 09:43:37 AM

They are reserving it in the near future because they know price will become higher more than today. They simply want to sell at a higher price so that they could gain a much better profit. Or simply they are still waiting for Aug.1 result.

Some of them waiting for the price of bitcoin to be higher in the coming days or year. So thats why the other are they holding of their altcoins for a big value coming. When that times come they going to trade for bitcoin and a lot of money i think they get.

samycoin

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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?

They hold their bitcoin for now because bitcoin is increasing more. Some people hold bitcoin to get good profit.

Aamir1

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People (including me) are holding their bitcoins with the belief that bitcoin will go even higher in coming time and we know we can have more money if we don't sell our coins right now. Those who sell their coins when they see a drop of just $50 from the price are the ones who has no patience at all, and patience is the basic thing you need in something like bitcoin.

Bastime

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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 all cases of investments have risks that will result good or bad fortune. For example, holding your Bitcoin will eventually give you good fortune if the value would rise from $4K TO $5K OR $6K otherwise when peak value is indeed rising then you'll really regret instead holding is the best option.
But for me, holding a Bitcoin unless you're not using it for very important needs then it's still a good idea.

Yaramrd

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As the demand for Bitcoin is increasing and will it be, as new people know about Bitcoin they will invest in Bitcoin and in the result the price will go high. So those who try to hold Bitcoins for some time will earn handsome profit.

suzanne5223

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Quote from: Chachacoin17 on August 20, 2017, 09:25:13 PM

Quote from: rumex on August 20, 2017, 12:26:08 PM

The rise in Bitcoin price has been more northward than southward since the August 1st sentiment was over. People are holding on to Bitcoin because of the postulation of hitting $10000-$15000 before 2020. It looks like it will be possible. So you too can hold on to your own.

Wow! If bitcoins will cost that much in 2020, holding bitcoin now will surely give you a fortune in the future.1 bitcoin is just too hard to obtain. But with perseverance and harwork its really not impossible to have it.

Yes, there's a 95% chance for bitcoin price to the $10000-20000 per bitcoin range in the year 2020 because it another year of bitcoin halving which is simply know as block rewards for miner. But I don't see the reason why bitcoin is hard to obtain.

_IRMAN

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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?

because they know what will happens with bitcoin Grin

i have hold bitcoin too, but not much Grin

So i just can tell you, buy and hold bitcoin now and see in next 2-3 years Wink

entrepmind23

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Quote from: balakang00 on August 19, 2017, 08:32:53 AM

Bitcoin is a very efficient tool in using money in many ways. It is effective in using for business and leisure like sports betting. I think people are holding onto it because it is a good investment for the future. When the price went up, it is very advisable to sell your bitcoin and with that you can double your money.

Bitcoin is a good long investment when you compare its rise in value to other investments like stocks and mutual funds. The increase in bitcoin in just weeks may be the increase in stocks or mutual funds in a year or two which is a huge difference so some people prefer bitcoin over them. The disadvantage of bitcoin is the unstable or volatile price whereas others have stable prices but it doesn't matter at the moment since the price is still going up as time passes by.

Chachacoin17

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Quote from: rumex on August 20, 2017, 12:26:08 PM

The rise in Bitcoin price has been more northward than southward since the August 1st sentiment was over. People are holding on to Bitcoin because of the postulation of hitting $10000-$15000 before 2020. It looks like it will be possible. So you too can hold on to your own.

Wow! If bitcoins will cost that much in 2020, holding bitcoin now will surely give you a fortune in the future.1 bitcoin is just too hard to obtain. But with perseverance and harwork its really not impossible to have it.

rumex

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The rise in Bitcoin price has been more northward than southward since the August 1st sentiment was over. People are holding on to Bitcoin because of the postulation of hitting $10000-$15000 before 2020. It looks like it will be possible. So you too can hold on to your own.

APFC

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Bitcon is a electronic payment and easy to income

Lamisa asfiya

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The price of bitcoin is going higher with time.so,people are holding bitcoin and gain much profit.

bitbob82

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Quote from: Lalafell on August 19, 2017, 08:42:47 AM

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 hold their bitcoin because there is a possibility that price of bitcoin will rapidly increase in the future. In addition to that, holding is one of the good option if you want to make good income. Lastly, you should hold your bitcoin because it willhelp you to become rich.

I also think that most of the people are holding their bitcoin and not going to sell it. in fact they are too much confident that very soon the price of bitcoin will cross 5000 and after that it will cross 7000$ at the end of 2018. in fact bitcoin has too much potential and therefore people are trying to hold their bitcoin.

Eugenar

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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?

They know that after the fall, there'll be rise, in terms of Bitcoin's Market Value. They are awared that dumps happens a lot, that made them used to it. Dumps and pumps are part of Bitcoin's Volatility. It became a reason for them on not to panic during the dips and hold their Bitcoin until its price is back to normal. They are those who held their Bitcoin for a long period of time, they are immune of the dumps that happened since the beginning. So this situation is nothing compared to before.

pepoaly007

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All people hold bitcoin when they heard some news about it then when it grows up they will sell it 😉😉

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