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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)
Lintel
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October 22, 2017, 08:46:41 AM
 #1481

someone holds Bitcoin because they know Bitcoin will crawl up much higher than it is now. therefore they prefer to hold Bitcoin.

Yeah it's true, many peopke still believe that bitcoin value will rise up again as what had happened this few days. Bitcoin on it's peak. If you bought that before then price now is higher you gain  already. Buy at when tha price is low, and sell when the price is high . That's the reason why they still hold bitcoin.
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October 22, 2017, 03:16:27 PM
 #1482

Why are people holding Gold and other valuables? - it's investment and it returns high if you hold.
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October 22, 2017, 03:31:11 PM
 #1483

Because they wait will happen. Bitcoin has tremendous value and people's starting to grab small harvest now. That's why many peoples are patient holding bitcoin.
Theb
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October 22, 2017, 03:41:37 PM
 #1484

I truly beleive that Bitcoin is here to stay. It will probably take a few more years to stabalize.

People HOLD bitcoin for no other reason except speculation IMO.
If they are holding for no reason then there is no reason to hold because you need to have a goal or target for your investment in order to have discipline and clear vision in the future. Bitcoin is an investment and because of their speculation they are thinking and believing that bitcoin will reach to a very high price and that is why they are holding bitcoin.
You don't use speculation on building up an investment. You only base speculation on a trading plan in which you have a limited analysis and information on something that you are basing your gut for holding such thing and in this case it is Bitcoin. Right now people are holding Bitcoin hoping that they will be brought by the tides of the price action so that they can profit afterwards.

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bitcoin31
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October 22, 2017, 04:00:25 PM
 #1485

For sure those people have patience and Until now they hold their bitcoin for sure they will earn a lot of profit thats the good reason why the people hd their bitcoin because they want more profit.  Buy more bitcoin and hold it for few months and for sure you will some profit. But invest only you can afford to lose because they have possible the price will decrease even the price continue increasing .
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October 22, 2017, 05:29:12 PM
 #1486

People are holding there bitcoin even in there critical situations because they know about the virtual nature of Bitcoin. They know that there is no fun of selling Bitcoin when the price is low because the price will surely rise. Moreover Bitcoin is best for longterm investment.So holding your bitcoin is always profitable.

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October 22, 2017, 08:15:35 PM
 #1487

folks know what it will boost to tens thousands dollars in up coming number of months so why they must to market it?)
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October 22, 2017, 08:17:41 PM
 #1488

People are holding there bitcoin even in there critical situations because they know about the virtual nature of Bitcoin. They know that there is no fun of selling Bitcoin when the price is low because the price will surely rise. Moreover Bitcoin is best for longterm investment.So holding your bitcoin is always profitable.

People who have bought their coins below $1000 price won't hesitate in selling their coins at this stage as they have already made huge profits by holding it till now but I am sure they will be looking for even higher profits and in that case they will prefer to hold their coins for long term.
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October 22, 2017, 08:41:46 PM
 #1489

Most of the people that hold bitcoin do so as they see it as an investment some have sold while price is high others are holding because we don't know where it will be next month nevermind next year they are gambling on the big cash outs.

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October 22, 2017, 09:05:22 PM
 #1490

Because the value is unpredictable it may go up or go down. but for sure if you hold it for long, you'll be freaking rich just like owning a house and lot this is something precious gift that we will encounter.

megynacuna
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October 22, 2017, 09:54:38 PM
 #1491

Most of the people that hold bitcoin do so as they see it as an investment some have sold while price is high others are holding because we don't know where it will be next month nevermind next year they are gambling on the big cash outs.

Exactly. and it's turned out well in the recent past that whatever price that you would buy your initial stock of Bitcoin it always grows in value over time no matter how many times it falls in value and so people feel safe holding them in their wallets for a long time.
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October 22, 2017, 10:22:22 PM
 #1492

People are holding Bitcoin because they believe the value will continue to rise and the network will continue to get stronger as the the current central banking system continues to fail.
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October 23, 2017, 09:58:04 PM
 #1493

Because Bitcoin is the king of cryptocurrency. Bitcoin price is increasing day by day. And It will continue. And Everybody knows that Bitcoin can make a bright future. That's why everybody wants to hold Bitcoin for the long period.
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October 23, 2017, 10:00:50 PM
 #1494

the price of bitcoin has over the weeks proved that bitcoin is a worthy investment and also tends to appreciate even more in time to come. i would do the same as an investor. thats enough reason to hold back bitcoin.

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October 23, 2017, 10:06:06 PM
 #1495

Why people are holding Gold?

Exactly. People are holding bitcoins because they hope for a gain in the future but Bitcoin was not designated to be a digital asset but a digital currency.
It's pure speculation at the moment, a lot of people are involved in it and they are waiting for X% gain
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October 24, 2017, 05:23:13 AM
 #1496

in my opinion, why people store bitcoin is because bitcoin is a rare item. the more rare the price will be higher. in 2017 this price reaches $ 6000 though now is down, compare at the time of 2013, it has been very much the difference.
what if the price goes down? that's a risk factor. the important thing is trying. the end result depends on luck.

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October 24, 2017, 08:24:31 AM
 #1497

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

they hold the bitcoin and do not sell it because they know that bitcoin prices will rise again, better to be patient and wait because it will gain more profit than sell when the price drops

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October 24, 2017, 08:28:05 AM
 #1498


it is really likely that the dollar will lose its importance in the collapse, instead of crypto money, which will be a new generation of shines, those who see them as a dream will understand what they miss tomorrow
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October 24, 2017, 08:32:34 AM
 #1499

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

For me, people still holding bitcoin because maybe it has a positive effect in their life. So that, they continue holding their bitcoin to become their life become better. We all know that if we used bitcoin their is posibility that our life have a brighter future.
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October 24, 2017, 08:51:29 AM
 #1500

Yes, I think bitcoin is an application that really live our life because bitcoin can make a lot of money. And maybe also according to the people bitcoin is one income that is able to support their lives. How not to manage it also not too tired and busy, manage it can also be done anytime and anywhere. Especially now that price bitcoin and income are also quite high so that many people who hold bitcoin not just just, although there are still many people who do not believe. And maybe they do not know the outcome
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