I think the reason behind why many people still holding their bitcoin in the public market because they want gain more huge amount of return on investment.
Since in our current year the company and management of bitcoins performs very good.
Topic: Why people are holding Bitcoin? - page 9. (Read 58484 times)
Bitcoin is good for long term investment and wit that reason we should hold our coin because the value of btc is massively increasing each day and there are positive speculations where bitcoins will bloom in 2018 because of its success in the market this year.
I think that the reason for which people keep their bitcoins is simple, they want to get more profit and they also expect that it will rise even more in price
Of course for long term investment. And I am sure with the current pricing, many people are interested in bitcoin to make bitcoin a long term investment. They believe the bitcoin price will continue to skyrocket so choosing the bitcoin is the best option
That's the most obvious yet under rated thing to do. Many people don't realize that there would be two main effect if they're going to hold Bitcoin.
Why obvious? Because in order for you to make a lot of profits, though not necessarily recommended but advisable, you're gonna hold your coin anyways. As it will benefit you for the future. But the drawback with this is that, as many people will do he same strategy a massive amount of Bitcoin will circulate in the market, as a result the price of Bitcoin will gradually go down.
On the other hand, If you're not going to hold a lump number of it, then you're probably losing more than you're gaining.
Why obvious? Because in order for you to make a lot of profits, though not necessarily recommended but advisable, you're gonna hold your coin anyways. As it will benefit you for the future. But the drawback with this is that, as many people will do he same strategy a massive amount of Bitcoin will circulate in the market, as a result the price of Bitcoin will gradually go down.
On the other hand, If you're not going to hold a lump number of it, then you're probably losing more than you're gaining.
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
Obviously they are holding it to get more value for it, ad there is good reason to do this as well, the Chicago exchange has started trading in bitcoin and soon there are many ore to do this soon, so bit coin will get more better value and stability in coming days
Beacause bitcoin is the safe cryptocurrency to hold and its very is to convert into doller or someting else.and also bitcoin is still growing and when we need we can convert easy to altcoin .
Bitcoin has shown it ALWAYS goes up in the long term so why are people reluctant to sell after price drops and volatility? Because obviously they know its just a matter of being a HODLer and eventually they will be in profit. Its the safest and easiest strategy and works for everyone.
Beacause bitcoin is the safe cryptocurrency to hold and its very is to convert into doller or someting else.and also bitcoin is still growing and when we need we can convert easy to altcoin .
Actually there is three main reasons for holding Bitcoin:
1. At the beginning of project Bitcoin hold only believers, and they still hold.
2. Three - four years ago to believers joined people that understand that Bitcoin can be perfect (international, fast and cheap) payment method, and they also still hold, or just use Bitcoin as payment method.
3. Investors, that see in Bitcoin profit potential.
because its growing everyday . so big profits
Because some people believe that bitcoin price will increase. That's why they prefer to hold it rather than sell their btc. Including me, too, actually.And maybe they use bitcoin as a long term investment. That's why they hold it instead of selling or trading it. Just keep your bitcoin, and the value will be high in some time. No need to do anything and gain profits.
because its growing everyday . so big profits
Not only in grwoing of bitcoin because they seeing the real potential of it once bitcoin become real in our economy it will be easy as 123 to use bitcoin physicaly which we can easly use them into store and other bills payments and make our life easier things to do. Most of the investors , businessman are choosing bitcoin not because they want too but they believed into it that theres a money for bitcoin. And this is the only way they can make their selves more richer. Trading , and investment is the main center of all keep holding while trading. because its growing everyday . so big profits
For the obvious reason of course. People are holding on to their Bitcoin even if the prices now are currently going down because if the price falls then surely it'll rise too. If you could look at Bitcoins price 4-5 years ago, the value of Bitcoin was low too but it got back up and skyrocketed at that time. So if ever the hard fork will happen and Bitcoin will split into two as what people are saying then it would be an advantage to those Bitcoin holders. Holding bitcoin is a nice strategy that every investor made. By the mere fact of holding it they generate more income since the value of bitcoin continuously increases.
Because of this opportunities they can get more money in return
Holding ,saving, investment and trading these all are connected with each other if you invest in bitcoin and buy bitcoins so you will have to keep it hold for some time because it’s very important at a time when you will buy so its price will be low and then when its price go for its high position it take some time and then the right time come then you will sell it and for all this process hold is playing a key role if you will not keep it on hold so it will not help you. Because of this opportunities they can get more money in return
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
I think people are waiting for a massive rise of bitcoin and today is still not enough for them to say thats it, im fine with the price. With the prediction of some top businessmen in the world that bitcoin might rise up to $45k next year, it is very wise to hold bitcoin as long as you can to profit big when you are ready to harvest what you sow in bitcoin.
Reason seems pretty clear. no? People who still holds their bitcoins think that will increase even more and they will make more profit. This is the biggest dilemma of trading. Where to take profit and how much profit to take where.
people hold bitcoin of course because they want to get more profit and when prices continue to rise, whereas if the price drops people will also hold bitcoin until the price back again because they do not want to lose
What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
I think people are waiting for a massive rise of bitcoin and today is still not enough for them to say thats it, im fine with the price. With the prediction of some top businessmen in the world that bitcoin might rise up to $45k next year, it is very wise to hold bitcoin as long as you can to profit big when you are ready to harvest what you sow in bitcoin.
because its growing everyday . so big profits
People wants to sell the BTC if it reaches to its highest peak so they keep it for a long period of time.
People don't even know how much and will it dump in a certain time, so how can you say that they will be selling it if it reaches the highest price peak? The price of bitcoin changes so fast so it don't really stays in a certain price so the users are having a hard time if they will be selling it or continue on holding it. I think most of the whales are thinking that it might pump more so they are still holding and the other people are just holding it for a certain reason to be used in the future.
We are holding our coins because the future prospects are so bright. BTC futures are getting listed in two of the major American exchanges, despite a lot of negative propaganda by the bankers such as Jamie Dimon. And next year, NASDAQ is going to list Bitcoin futures sometime in the second quarter. The number of users are increasing like crazy, and the media coverage is more or less positive.
Because it is constantly growing in price! but why fix it and lose money? this is understandable to anyone
Yes! That's correct why selling it for a low price when you can wait for another months to earn big? Jump to: