Why people are holding Bitcoin?

[admissions]

Holding Bitcoin is safer than daily trading and doesn't require the knowledge of economics to profit from. It doesn't require watching the markets closely andf you simply hold until you reach your desired amount and cash out.

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[uzumaki]

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

Bitcoin is a very promissing asset it's a digital currency that have a big potention to increas higher someone can get earning by just holding it for several months and you will find the price of bts rise up faster than gold.

[bearexin]

Why are people holding Gold and other valuables? - it's investment and it returns high if you hold.

Prices are now at 6k+usd and this s a quite high amount and people who are holding now they are expecting more price rise and this will happen because nowadays bitcoin demand is high and because of it prices are crawling upward and at the end of November price will surely cross the 8000usd figure and that time will be for the investor who are holding coins for last 3 month and they will cash out profit.

[r1a2y3m4]

People are holding their bitcoin even if its price goes down because they are looking on the far future. In the future Bitcoin might reach 10,000$ and if I have 200$ worth of bitcoin now when its value is 6000$ I will get about 333$. That is 133$ profit this value is good enough considering the effect of inflation to money. It is better than having it stayed in the bank. This is like buying stocks on the stock market or buying dollars. You hold on to it because it has potential investment value. And it is still better than using your money to buy gadgets or luxury.

[Alexnelepa92]

People still do not know the power of bitcoin, and 90% of people do not even understand what it is and what value it may have

[ace4549]

Peoplenholding bitcoins because of its value. If you exchande bitcoins into real money the price can be high or low.

[Tiger Junk]

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

There are different reasons why someone is holding his bitcoin. There's a possibility that the person holding his bitcoin is not yet satisfied with his profit so he wait patiently till the price rise together with his income. This may either bring him good outcome or bad.

[Henry Sy]

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

People are holding their bitcoin because they are still waiting till the time comes that their money has grown due to the continuous increase of bitcoin's price. This will surely benefit them if ever they will be able to hit it at the high value. It may give them large income for some reasons.

[Rollex]

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

Maybe because they are not yet satisfied with the value they have gain, so they wait for the pump that will surely help them reach their satisfaction level. This is a good thing to do since the value of bitcoin keeps rising from time to time which may end up making your profit grow too.

[Tukang Becak]

I hold bitcoin because I think holding bitcoin is the best way to supplement income, with my hold of bitcoin money increased by more than 300% within 6 months. I expect bitcoin prices to go up so I can earn even bigger profits.

[martin1221]

You just looked the small amount of decreasing of bitcoin, at the first place bitcoin is gaining higher price that is why people preffer to hold bitcoin.because as the time goes on. Nothing can stop bitcoin from increasing its price.it has been down now because of hard fork.

[Nhobita]

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

For me the reasoning varies with the situation. If someone needs assistance with his finance, he will surely hold it for a long time. Also maybe the value is so low that it doesn't even make sense if you will get it right away. There are a lot of reasons but one thing is for sure, it's for their benefit that's why they are holding.

[Bella Thorne]

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

In my case, I hold my bitcoin for a long time because I want my earnings to increase more. I want my money grow together with the increase of bitcoin'sv value. But still there are instances wherein I spend some of it for some emergency stuffs but I make sure that I am saving more than spending.

[Ains_sama]

do you know, if bitcoin every year increases.? they hold bitcoin because they want to get the highest profit. bitcoin prices every year upwards. while down only half of the price increase. and will make the price more upwards. that's why people still hold bitcoin until now.

[danielcansil]

i think you can not give a precise conclusion in few weeks beacause bitcoin price rise every year not months, so rightnow we can see bitcoin price may drop, but investor know they will rise again so they dont want to sell them.

[drwhobox]

Well actually, the price is more on a green scale rather than negative. Better doubble check your speculation of bitcoin rising from month to month. Most 9f us here are looking forward to see 7000$ before 2017 ends.

[Hoganye]

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

Maybe because they are not yet satisfied with the value they have gain, so they wait for the pump that will surely help them reach their satisfaction level. This is a good thing to do since the value of bitcoin keeps rising from time to time which may end up making your profit grow too.

But it also make them boring when the price of Bitcoin can not recover after correction of the price (trap). You must to know Bitcoin will not guarantee it can comeback after fall down. Sometimes, it can be a bearish market in long time.

[bitsnkes]

As per i understand the people holds bitcoin for many reasons.
1.Its a whole new technology.
2.You can send money to any where and everywhere in world without any bank.
3.The price growth of bitcoin is a inhabitable thing no one can stop its growth.
As you are saying it falls more than it rise.I am sure you are only watching it for 2-3 moths only.
Enlarge your vission and you can see a larger picture for sure.

[Criptolog90]

Instead of keeping your money in the bank and hoping for an interest of max 5%, you invest in btc in order to have the chance to multiply it.

[Magic Sarap]

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

The profit is what makes them compel into holding Bitcoin for years. Also, they are awared of its volatility that makes it not surprising for those who are not new in this business, that its value sometimes fall. Knowing that its market value increased way far from its value way back 5 years before, is already something to look forward with. Investors are simply holding because they know that the market value of Bitcoin won't stop growing.