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Question: According to the past five or six weeks bitcoin price study I've noticed that the bitcoin price is continuously rising and falling, the price fall is more than the rise and still most of the bitcoin holders are not ready to sell it. I want to know the rea
When and how?
What if drops?

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Author Topic: Why people are holding Bitcoin?  (Read 58435 times)
TheGodFather
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September 27, 2017, 05:50:59 PM
 #1161

People keep it in case of price increases. Bitcoin can be an investment as long as its price is rising. Those who hold it take advantage of its increasing richness making it several years later. I think it will increase

people has their different sides and views regarding on this one, thats why they need bitcoin in their life and they keep on holding this one because we all believe in bitcoin and we all want bitcoin in our life thats why we need it so that in the mere future we will be one of those millionaires out there and all of us will be happy for us, and we can say that at that time we are all millionaires someday.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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ahasan909
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September 27, 2017, 06:33:18 PM
 #1162

I think people are holding bitcoin because people want millionary.

They know after holding bitcoin they will lot of benefits from holdings.

Bitcoin price is changeable.It is the future probability.
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September 27, 2017, 06:46:35 PM
 #1163

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
It would be only newbies who are not aware of bitcoin's potential would get panic on seeing even small price dips and sell their bitcoins to big whales,thus becoming weak hands.But people who know the true potential of bitcoin and its previous price movements would not sell it as they know that very soon bitcoin's price would increase.They have seen bitcoin's price rising from $650 to $4,000 within a year and so they don't want to become victims of FUD and lose good opportunities of earning profits.

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w33man
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September 27, 2017, 06:50:25 PM
 #1164

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

I think a lot of people are holing their bitcoin because bitcoin price is very volatile and that's one of the reason why it is so profitable. Bitcoin price can change a lot in just a short span of time. It multiplied into thousand times in just a few years and who knows how much it till grow in the future.
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September 27, 2017, 06:54:40 PM
 #1165

The reason people are holding Bitcoins is because of the great potential that Bitcoin has. It is one of the world's fastest growing investments and her can expect a really high value of Bitcoin within some years.
NoNetwork
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September 27, 2017, 07:37:06 PM
 #1166

The reason people are holding Bitcoins is because of the great potential that Bitcoin has. It is one of the world's fastest growing investments and her can expect a really high value of Bitcoin within some years.
I think that's a bit exaggerating, I mean we already know the true potential of Bitcoin but it doesn't really that much of a help, you see altcoins was created in order for them to be even more greater than Bitcoin and that is true. If you would've known about it they altcoins have different aspects and potential of each its own. And that is probably things that Bitcoin doesn't have.

So what I am really saying is that they are going for the practical option, Bitcoin is the number cryptocurrency right now, value-wise that is. Because it has the price that it have right now, so what would yo expect, they will choose the most profitable coins out there. But then again, the Altcoins are catching up as well.
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September 27, 2017, 07:38:32 PM
 #1167

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

It's because buying bitcoin at cheap price and holding it for a long time is one of the best way to earn a lot of money. If you bought bitcoin at a very cheap price and waited for the right time, you can even earn thousands of dollars without even doing anything. Bitcoin is a good long term investment so that's why a lot of people are holding their bitcoin.

 
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Sylenth
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September 27, 2017, 07:48:22 PM
 #1168

In last few weeks bitcoin price has been decreased,but looking the past sights and thinking about its picture it price will rise,it has a great chance that its price increases vastly,overall the market is being  bullish , and holding bitcoin is a investment which people will later sell and they find its right time to do so.
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September 27, 2017, 07:51:54 PM
 #1169

In last few weeks bitcoin price has been decreased,but looking the past sights and thinking about its picture it price will rise,it has a great chance that its price increases vastly,overall the market is being  bullish , and holding bitcoin is a investment which people will later sell and they find its right time to do so.
I think about this issue for a very long time is not worth it, because everyone has heard and read the forecasts for the future for Bitcoin. Only what they say that one Bitcoin can reach 100,000 dollars, makes users very large and hunters for crypto currency.
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September 27, 2017, 07:53:46 PM
 #1170

There are plenty reasons as to why people are holding bitcoin. First off, people are smart. They know what to do. They hold bitcoin for a while until the price goes down a bit so that they can purchase bitcoin for a cheap price. Later on, they gain great profit and the circle goes on and on. Added to that, some people beilieve that if they hold bitcoin for 5 or 10 years, they will gain much profit because they believe thay the bitcoin price will grow.
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September 27, 2017, 10:15:12 PM
 #1171

People hold on to Bitcoin for the same reason they hold on to anything else that they think will go up in price.


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September 29, 2017, 04:56:20 PM
 #1172

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
I think many people hold the bitcoins because bitcoin's price will be more expensive in the future,
bitcoins be considered as new digital gold and digital asset, bitcoins can protect their whealty from inflation
so they hold bitcoins for long time.
People hold bitcoins for various purposes like some people hold bitcoins because the rate of bitcoins is mostly increasing day by day while some people hold bitcoins for future business.

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September 29, 2017, 04:59:24 PM
 #1173

They want a higher return in their income. People are sometimes can be greedy they want the best possible rewards for their risky decision because why not right, that is why we are investing to get the best possible output as much as we can.
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September 29, 2017, 05:06:38 PM
 #1174

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

Many people hold the bitcoins because the value of Bitcoin keeps decreasing and it gets expensive in the future, also, it is considered as new digital
gold and digital asset. You can get your basic needs and wants in life. So continue to hold into it.
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October 01, 2017, 03:01:14 PM
 #1175

I am certain the poll questions soaked manufactured mistakenly, proper ? Folks who are unwilling to sell their btc are as certain as I am that the skyrocketing rates are only the beginning of many a long time of expansion.  Significantly! Cheers.
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October 07, 2017, 05:42:44 AM
 #1176

We have distinct thoughts with this.Some do think it will somehow expand in price.Some are seeking at the potential pondering bitcoin will be the new technologies that we will be utilizing in the complete planet. With that, they are holding and hoarding much more simply because of its value sometime.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 stay scanning it and not wallet to wallet
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October 07, 2017, 05:48:10 AM
 #1177

There are many reasons to hold Bitcoin. The price of coins is rising very fast. In the future, it has the possiblity of growing more. So, hold on from now is much better.

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October 07, 2017, 05:56:43 AM
 #1178

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?

Bitcoin owners are holding it because they believe that bitcoin will increase in value. A few weeks ago the decline in bitcoin prices did not affect the bitcoin owner who had long held bitcoin. If we come back again in 2010 then you can understand why some people do not sell bitcoin
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October 07, 2017, 06:36:37 AM
 #1179

Because in every drop there is a massive hike.
Everyone had already answered the question.
In my own opinion, I reserve and hodl my btc because I know that it will be in use in the near future. It's hard to buy when I have no money at all.  Students like me may depend on services here just to earn bitcoins and save it as possible.
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October 07, 2017, 07:10:02 AM
 #1180

i think people are holding bitcoin because they believe bitcoin price's will increase so they still holding bitcoin until get a satisfactory profit.

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