Why people are holding Bitcoin? - page 93.

Betwrong

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Quote from: iyan33 on August 11, 2017, 04:36:24 AM

I do not think it's just a matter of waiting for bitcoin prices to go up, of course they hold bitcoin for their long-term investment purpose, because they have a bitcoin price trust that will continue to increase for next year and of course this will benefit the bitcoin holders.

The beginning of your sentence contradicts with what you are saying later. ) I think that not only Bitcoin, but any asset people are holding in hope of price increase. It is as simple as that. I personally can see no other purpose for holding.

iyan33

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I do not think it's just a matter of waiting for bitcoin prices to go up, of course they hold bitcoin for their long-term investment purpose, because they have a bitcoin price trust that will continue to increase for next year and of course this will benefit the bitcoin holders.

Lampaster

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All have long been accustomed to the fact that bitcoin is growing in value. Therefore, everyone tries to hold the bitcoin until the last moment. If people had enough to live on then we wouldn't be able to buy bitcoins. So the price is constantly growing.

MaryBiggle

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It's easy, I think they are just waiting that BTC's price would rise up)

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Quote from: kenkoy on August 11, 2017, 12:34:11 AM

Most of the countries and people are now getting interested to the bitcoin currency. Some of the merchants are now indulging to the bitcoin. The demand is high and the supply will not be enough. Some of the BTC holders are keeping it as the BTC has high potential to increase. Benefits of investment

well thinking for future goals let the holders to keep their shares and allow those rise and falls to happen, as time may say what will bitcoin brings
to them, its trust and good hope that bitcoin will make them reach and have stable future.

setupbounds

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Quote from: South Park on August 10, 2017, 12:23:26 AM

Quote from: ekoice on August 08, 2017, 01:32:18 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?

Bitcoin holders have already seen such price rises and dips many times before.They are well aware that each time bitcoin price increases followed by a price fall,still bitcoin price would get stable only at a price higher than its previous price.They have seen bitcoin price gradually increasing in a long term basis and so they don't want to bother any price fluctuations in short term and they feel much comfortable in holding bitcoins instead of selling in panic as newbies do.

Correct, long term holders are different than traders, holders do their best to not move their coins at all, the only thing they care is to have their coins securely placed in a hardware wallet or cold storage, traders in the other hand are trying to get more bitcoin by trading other crypto and wait for a favorable exchange if successful they get more bitcoin if not then they lose money.

Traders and holders both are poles apart. They both have different intentions and interests which force them to take respected decisions. Holders like to keep their Bitcoins in their pockets while traders take risk and try to expand their valuables. I personally support trading instead of keeping bitcoins inside the wallet. As far as profit is concerned, both are rich people.

DoublerHunter

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Quote from: Painbird on August 11, 2017, 12:52:14 AM

people are holding Bitcoin becouse its rate not fixed, every bitcoin holder trust that bitcoin rate going to higher. so if you sell Bitcoin then you may miss golden change to rich.I thing this is the main issue.

The price of bitcoin is not fixed and it is also unpredictable so you cannot blame people if they don't like to hold bitcoin for long term because they are just playing safe and that is good because you are not risking too much money. For me the right thing to do is to just do trading with bitcoin like buying from the lower point and selling it on tops like for the current price now.

Painbird

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people are holding Bitcoin becouse its rate not fixed, every bitcoin holder trust that bitcoin rate going to higher. so if you sell Bitcoin then you may miss golden change to rich.I thing this is the main issue.

rhamzter

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Quote from: rjbtc2017 on August 11, 2017, 12:10:01 AM

Quote from: doomloop on August 10, 2017, 10:48:07 AM

Quote from: NoNetwork on August 09, 2017, 06:45:50 AM

Quote from: rjbtc2017 on August 09, 2017, 03:06:40 AM

Because they invest it and waiting for the price to get higher and higher before selling it, well some peple i've seen that they hold because they are afraid that the time might come that the price of bitcoin will become higher and higher, some of them see bitcoin as a virtual collection. but generally, people hold bitcoin because they investing it.

People keep on saying its an investment, but I think its more than just investing. Setting aside the fact that they wanted the price to get higher, they also wanted to maintain a large number of Bitcoin, it makes sense though because you can't really use all of the bitcoin that you've earned. I think their main reason is to save their Bitcoin not just because the price will be higher or the price is still not that high. But because they can't use all of it in just one lay.

yes people are holding their bitcoin because they are still waiting for the price of the bitcoin to increase more than the price of the day, as they are taking it as an investment and waiting for a high pump and I think it is not bad to save something for your coming days if they will sell their bitcoins in a small price they can suffer from loss but holding bitcoin can make then more than they spent on their bitcoins

Exactly, generally, why people holding it , big percent of the population of bitcoiners is surely hold it for investment matters and other percent of population is for maybe for collection. There is no exact number on people will hold it but they are surely helping the economics of bitcoin.

Most of the people hold their bitcoin, because they expecting a higher amount than the current value. Moreover, users believe that bitcoin price was increase more due to good performance of bitcoin in the market.

kenkoy

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Most of the countries and people are now getting interested to the bitcoin currency. Some of the merchants are now indulging to the bitcoin. The demand is high and the supply will not be enough. Some of the BTC holders are keeping it as the BTC has high potential to increase. Benefits of investment

rjbtc2017

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Quote from: doomloop on August 10, 2017, 10:48:07 AM

Quote from: NoNetwork on August 09, 2017, 06:45:50 AM

Quote from: rjbtc2017 on August 09, 2017, 03:06:40 AM

Because they invest it and waiting for the price to get higher and higher before selling it, well some peple i've seen that they hold because they are afraid that the time might come that the price of bitcoin will become higher and higher, some of them see bitcoin as a virtual collection. but generally, people hold bitcoin because they investing it.

People keep on saying its an investment, but I think its more than just investing. Setting aside the fact that they wanted the price to get higher, they also wanted to maintain a large number of Bitcoin, it makes sense though because you can't really use all of the bitcoin that you've earned. I think their main reason is to save their Bitcoin not just because the price will be higher or the price is still not that high. But because they can't use all of it in just one lay.

yes people are holding their bitcoin because they are still waiting for the price of the bitcoin to increase more than the price of the day, as they are taking it as an investment and waiting for a high pump and I think it is not bad to save something for your coming days if they will sell their bitcoins in a small price they can suffer from loss but holding bitcoin can make then more than they spent on their bitcoins

Exactly, generally, why people holding it , big percent of the population of bitcoiners is surely hold it for investment matters and other percent of population is for maybe for collection. There is no exact number on people will hold it but they are surely helping the economics of bitcoin.

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Quote from: Innocant on August 10, 2017, 07:28:59 PM

Quote from: andylowe on August 08, 2017, 08:56:20 PM

Quote from: Innocant on August 08, 2017, 08:16:40 PM

I think they holding bitcoins, Because they waiting when the bitcoins pump up or for buying also in altcoins.
We all know all of us waiting for that time when they pump up the bitcoin.

Very simple, people are holding bitcoins because they want to wait for the right time to have more profit. Some also holding bitcoins for years because it serves as a savings at the same time investment for the future. And some are just very Richy, they hold bitcoins because they still have extra cash to buy what they need and want. Very lucky.

Yes thats true they hold it for a year because they have extra cash, Not like us we don't have that yet so probably we can't hold it for long year. If i have a cash i hold my altcoins and waiting for they rise of bitcoins or altcoins and the earn more profit.

It is not about they have the cash, it is not like what you think that holding all of their bitcoins, it is not like that, they are converting of course when there are certain prices which they that it is worth to convert some bitcoin, and that is the cash they are budgeting so they could earn more bitcoin and keep on saving it. The thing here is, you have to spend less than what you earn if you really want to have some savings.

Innocant

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Quote from: andylowe on August 08, 2017, 08:56:20 PM

Quote from: Innocant on August 08, 2017, 08:16:40 PM

I think they holding bitcoins, Because they waiting when the bitcoins pump up or for buying also in altcoins.
We all know all of us waiting for that time when they pump up the bitcoin.

Very simple, people are holding bitcoins because they want to wait for the right time to have more profit. Some also holding bitcoins for years because it serves as a savings at the same time investment for the future. And some are just very Richy, they hold bitcoins because they still have extra cash to buy what they need and want. Very lucky.

Yes thats true they hold it for a year because they have extra cash, Not like us we don't have that yet so probably we can't hold it for long year. If i have a cash i hold my altcoins and waiting for they rise of bitcoins or altcoins and the earn more profit.

ranman09

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Quote from: BITSPANISH on August 10, 2017, 12:20:22 AM

Quote from: ranman09 on August 09, 2017, 11:36:52 PM

Quote from: DoublerHunter on August 09, 2017, 07:19:41 AM

Quote from: ranman09 on August 09, 2017, 02:43:19 AM

Quote from: Smarty14392 on August 09, 2017, 01:30:40 AM

Quote from: suzanne5223 on August 09, 2017, 01:23:58 AM

Quote from: DoublerHunter on August 08, 2017, 04:26:04 AM

Quote from: Haynes on August 08, 2017, 04:14:57 AM

Bitcoin prices are always up and down. We can not easily predict.
Bitcoins are a valuable asset for the future so that's why I keep bitcoins when the price goes down.

If i were you, i will be smart in managing my bitcoins because if i will just be idle and just keep my bitcoin and if i will not play my bitcoins in the market then the chance of getting rich fast is low, if you will play it like buying it cheap and selling it for an expensive price is a smart or wise decision because you can easily make money and you can buy more amount of bitcoin if its value goes down again.

DoublerHunter, I don't see the act of buying cheap and selling high as a smart or wise decision because if you watch closely the level of falling in price of bitcoin is low this days and that's because the total number of bitcoins left to mine is 4,502,888. Therefore, I see buying with fiat and holding of coin as a smart decision.

Yes, buying with fiat is a good way to make profit. These days we saw a high pump in the price of bitcoin from 2700$ to 3400$ and soon to cross 4000$. Even if we purchase 1 btc now and sell it in some months when the price goes above 4000$ will give us profit of maybe 500-600$ and that us a good profit

So there are 4,502,888 left to be mined? up until when do we expect this to be hit?

It will take a lot of years before the bitcoin gets mined out, the supply that is left is still high and the difficulty of bitcoin is growing so the estimation of mining bitcoin will become longer and before bitcoin gets maxed out in supply for miners, the price of bitcoin will surely around 10,000 USD or more.

By the end of this year, by how much do you think bitcoin price will be? I see I think I need to invest more in bitcoin haha

Not have trader on market can predict exactly 100% the price of Bitcoin in last year, but Bitcoin can reach to $4000 or $5000 in this year is possible if not have problem until SegWit complete and Bitcoin become to fresh cryptocurrency after BTC-e refund.

Wow.. I should really invest some money on it.. Thank you very much

doomloop

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Quote from: NoNetwork on August 09, 2017, 06:45:50 AM

Quote from: rjbtc2017 on August 09, 2017, 03:06:40 AM

Because they invest it and waiting for the price to get higher and higher before selling it, well some peple i've seen that they hold because they are afraid that the time might come that the price of bitcoin will become higher and higher, some of them see bitcoin as a virtual collection. but generally, people hold bitcoin because they investing it.

People keep on saying its an investment, but I think its more than just investing. Setting aside the fact that they wanted the price to get higher, they also wanted to maintain a large number of Bitcoin, it makes sense though because you can't really use all of the bitcoin that you've earned. I think their main reason is to save their Bitcoin not just because the price will be higher or the price is still not that high. But because they can't use all of it in just one lay.

yes people are holding their bitcoin because they are still waiting for the price of the bitcoin to increase more than the price of the day, as they are taking it as an investment and waiting for a high pump and I think it is not bad to save something for your coming days if they will sell their bitcoins in a small price they can suffer from loss but holding bitcoin can make then more than they spent on their bitcoins

Sweetbtc

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Quote from: daxiake on August 10, 2017, 06:34:16 AM

Quote from: Kelvinid on August 10, 2017, 06:16:12 AM

Quote from: Catswold on August 10, 2017, 05:58:39 AM

Obviously to make higher profits they are holding their coins and I think that is the right thing to do as it is predicted that price will reach $5k or even $10k in next few years so selling at that price is the best thing to do in order to make higher profits.

Exactly.We keep on holding our earned bitcoins today hoping to reap much more profit in the next months and years.And it's really very interesting today because the market price is rising rapidly until it reaches $10k in the future.Who knows i can build my dream house just on holding my bitcoin for a longer time.

Holding is the best thing to do as it involves less risk of loosing money and we have seen that price has gone higher over the years so if we hold our bitcoins for next 5 to 10 years then it can give us massive profits on our investments.

It is not about the risk, it is more about the trust. People have trust in bitcoins and they know that bitcoin will surely move to new heights thats why no one is selling bitcoins even if its price is above 3400$

Harlot

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Quote from: cinchin on August 10, 2017, 10:10:29 AM

Quote from: matthona on August 10, 2017, 08:02:11 AM

Quote from: totaleclipseofthebank on August 10, 2017, 07:58:55 AM

Quote from: Kelvinid on August 10, 2017, 06:16:12 AM

Quote from: Catswold on August 10, 2017, 05:58:39 AM

Obviously to make higher profits they are holding their coins and I think that is the right thing to do as it is predicted that price will reach $5k or even $10k in next few years so selling at that price is the best thing to do in order to make higher profits.

Exactly.We keep on holding our earned bitcoins today hoping to reap much more profit in the next months and years.And it's really very interesting today because the market price is rising rapidly until it reaches $10k in the future.Who knows i can build my dream house just on holding my bitcoin for a longer time.

No one can deny that Bitcoin's price will go up in the future and it will keep increasing higher. That's why holding Bitcoin will help them gain more profits and huge income. In 2009, 2010, Bitcoin really was invaluable, if we had already invested Bitcoin at that time, we were millionaire.

Even if we missed that opportunity of buying at lower price we should not regret about it as finally we have arrived at the best place and if you invest in it even now still you can make good profits if you will your coins for next 5 years.

- Bitcoin is the investment trend of many people in the next few years, the price of bitcoin will increase very fast over time, we will become rich in the future if we invest it now. This is the thinking of so many people about the future of bitcoin
- However, I would like to emphasize that all this is just a prediction, and predictions may be true or false, so the best is that we should not put all the money into Bitcoin, this will be good and safe for us

Actually I think that is the main reason of all of us, but originally before I was holding Bitcoin in my wallet because I cannot spend it anywhere else aside from HYIP sites (LOL) and I have nowhere else to go because my Bitcoin was hard to be traded or converted to Fiat currency during when I first discovered it. But right now my main reason is because of its growth potential I am holding what I have hoping that in one day I can have more value compared to what we have now.

cinchin

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Quote from: matthona on August 10, 2017, 08:02:11 AM

Quote from: totaleclipseofthebank on August 10, 2017, 07:58:55 AM

Quote from: Kelvinid on August 10, 2017, 06:16:12 AM

Quote from: Catswold on August 10, 2017, 05:58:39 AM

Obviously to make higher profits they are holding their coins and I think that is the right thing to do as it is predicted that price will reach $5k or even $10k in next few years so selling at that price is the best thing to do in order to make higher profits.

Exactly.We keep on holding our earned bitcoins today hoping to reap much more profit in the next months and years.And it's really very interesting today because the market price is rising rapidly until it reaches $10k in the future.Who knows i can build my dream house just on holding my bitcoin for a longer time.

No one can deny that Bitcoin's price will go up in the future and it will keep increasing higher. That's why holding Bitcoin will help them gain more profits and huge income. In 2009, 2010, Bitcoin really was invaluable, if we had already invested Bitcoin at that time, we were millionaire.

Even if we missed that opportunity of buying at lower price we should not regret about it as finally we have arrived at the best place and if you invest in it even now still you can make good profits if you will your coins for next 5 years.

- Bitcoin is the investment trend of many people in the next few years, the price of bitcoin will increase very fast over time, we will become rich in the future if we invest it now. This is the thinking of so many people about the future of bitcoin
- However, I would like to emphasize that all this is just a prediction, and predictions may be true or false, so the best is that we should not put all the money into Bitcoin, this will be good and safe for us

msarro

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Quote from: cyclotronmajesty on August 10, 2017, 08:56:02 AM

Quote from: Dontme on August 10, 2017, 08:49:35 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?

The main reason why those holders keep holding on bitcoin is because they are waiting for bitcoin to reach $5000 and up. That was their main reason and that was actually they talking about ever since. To get the highest rate price of bitcoin and for more higher profit.

$5k is possibly to achieve in this year but there are many people who are holding their coins so that they can sell when price will go to $10k level but not all will be in position to hold their coins that longer and will start selling when they will see price of $5k.

Yes, I think there have no particular time to buy Bitcoin as Bitcoin always precious. At least our past experience indicates that, holding Bitcoin all time profitable. Don't need much fear of the market speculations, it's normal.

Yes short term fluctuations is very common in bitcoins so even if price goes down in coming days we should not be worried about it as in long term price will surely go higher so holding bitcoins is the best decision to make to gain higher profits in future.

Betwrong

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Quote from: msarro on August 10, 2017, 07:47:13 AM

Quote from: cryptothinker on August 10, 2017, 07:45:21 AM

Despite its volatility, some people feel safer holding Bitcoins instead of fiat. Maybe because they live in a country with high inflation, or they just don't fiat system. Others hold it for speculative reasons, because they expect it to go up in price.

Majority of users hold their coins to make higher profits in future and saving bitcoins is more beneficial then saving money in banks as interest paid by banks is too low and inflation will take away all your profits so the best thing would be to invest money in bitcoins and hold it for a long term.

IMO you described the main reason why people are holding Bitcoin. Indeed it's better to keep your money in BTC rather than in fiat, gold or any other precious metal. Maybe buying some treasures of art will make you profit more in the future, but you have to be a real expert to do that. With Bitcoin it's simple, just buy it and hold it more than 5 years and you'll be fine.

Topic: Why people are holding Bitcoin? - page 93. (Read 58487 times)