People are seeing bitcoin as a good investment for the future and that is the reason they are buying and holding it for future so they can sell at the higher price and earn profits from it.
Yeah, mostly, we are all into profit.. no one would be buying bitcoin if not for its price that keeps on moving..Some become an instant trader because of bitcoin...
Many people who doesnt know anything about trading learn it from bitcoin while trading alts at exchangers.
Its a learning experience buying bitcoin just to trade with alt coins.
I also learned trading from bitcoin before it I had heard about trading on stock exchange etc , but it was looking for me as useless and something dull and boring but after joining here the world of bitcoin I found that trading is much interesting and beneficial.
i don't want to use my bitcoin in trading again because I always have a bad luck. I always lost my earned bitcoin in trading because when I buy low, the altcoin get scammed.
I also had this once and I think that even some trusted altcoins will soon or later will be used to scam people.
They just are building up some trust and than boom they are collapsing and will disappear...
This is so true, many people get scammed on this way although I also think that some are collapsing for real, they just tried it but failed with their altcoin.
I hope more alt coins will succeed this year because I hate the pump and dump... altcoins..
Pump and dump is bad for any coins. The bitcoin was pumped to $1200 from $70. We have 3 years of bear market.
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