Why people are holding Bitcoin? - page 96.

RedX

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Quote from: glowing10 on August 09, 2017, 12:05:09 PM

Motive of each person to hold Bitcoin is simple in anticipation that Btc prices will rise and rise . Though the price is not so stable and it drops a lot as well but if you consider in last couple of years the market has just rise even after the fall . This gives confidence to users that even if it falls the price will rise some point of time and they get good profits.

People who doesn't believe in bitcoin are just weak bagholders. We will hold them until we reached our target price. Some people maybe contented to sell their bitcoins at $10,000 but I know it will be more than that.

Jody.Drummer

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So holding something more and it is so promising so no word impossible to make it last, in my country bitcoin is like a very fast gold up and down so I think it is worth to be maintained until the price can jump more than this, I am sure And surely it will be an optimist that makes me so very confident..

rjbtc2017

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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.

Well, that's true it's also a win win situation for a bitcoiner and investor that holding it gives bitcoin maintain a large number of bitcoin. But we must also consider that a lot of bitcoiners are not really knowledgable on bitcoin they just know that this is a form of investment with this reason we can already say that a large number of bitcoiners are investors.

rayneh

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people know what it will increase to tens thousands dollars in next few months so why they should to sell it?)

roshidnahdi

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Quote from: yoseph on August 09, 2017, 04:22:59 PM

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?

People are holding on to bitcoins and their other investment portfolios because they believe and know that as time goes on, their investments will yield very good profits and as in the case of Gold and Bitcoins, I know that people who have invested in them and never lose hope have always seen massive profits in their venture.

Bitcoin has become a commodity that can be traded like gold, prices can go up and down but bitcoin more challenging, can go up or down significantly.

yoseph

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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?

People are holding on to bitcoins and their other investment portfolios because they believe and know that as time goes on, their investments will yield very good profits and as in the case of Gold and Bitcoins, I know that people who have invested in them and never lose hope have always seen massive profits in their venture.

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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?

Yes and that was before cause miners are mining every single seconds. Therefore, the total number of bitcoin left to mine now is 4,501,925 bitcoin before we hit the 21million which will be in the year 2050 as the answer I found when I did my research.

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Just like gold. With Bitcoin's limited stock, the more people who want Bitcoin, the higher the Bitcoin. Conventional currency because there is a limit, and peratas will be a little bit its value. For people living in unstable areas, holding Bitcoin is much cheaper than the less expensive because Bitcoin is not hit by the currencies in the area.

ahmia39

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I am, hold bitcoin on grounds of wanting to participate in technological progress of financial transactions. Because in bitcoin, we can take advantage of potential and many things support us to gain knowledge as well as money-making business.

Painbird

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becouse bitcoin value better then gold,gold can't be more benefit if you hold this but bitcoin can sure.that's the main fact I think.

danherbias07

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We have different opinions with this.
Some do think it will somehow grow in price.
Some are looking at the future thinking bitcoin will be the new technology that we will be using in the whole world. With that, they are holding and hoarding more because of its value someday.
I do believe in both. But for now, I would like to see how it could be spent and experience its greatness but I dont see merchants. I mean like live scanning it and not wallet to wallet

glowing10

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Motive of each person to hold Bitcoin is simple in anticipation that Btc prices will rise and rise . Though the price is not so stable and it drops a lot as well but if you consider in last couple of years the market has just rise even after the fall . This gives confidence to users that even if it falls the price will rise some point of time and they get good profits.

BitcoinBallerina

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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.

I believe that it will take until 2120 to mine all of the Bitcoin.

But actually at this time, it will already be close to $1,000,000 because most people will be using it.

DoublerHunter

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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.

NoNetwork

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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.

rjbtc2017

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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.

ranman09

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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?

Smarty14392

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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

suzanne5223

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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.

hovrah

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Quote from: kpcian on August 09, 2017, 12:57:48 AM

it's a simple accounting. Bitcoin provides a good amount of profit so that people are doing well with the help of this newly invented system. basically, people are holding Bitcoin for the future purpose. today's Bitcoin will be a great asset in the future. so people always prefer to take the best decision regarding making money. that is why they are using Bitcoin.

To date 1 Bitcoin is very good and I think that this trend will continue on. Thus, to save Bitcoin It becomes more interesting, because we can really get in two or more price Not lived today. I certainly trust these forecasts that predict $ 10,000 or even $ 15,000 for Bitcoin.

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