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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)
Faxmate
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October 28, 2017, 05:25:44 PM
 #1641

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

I do think the main reason that some people hold bitcoins was due to price changes which increases frequently than reduction of its value.  I think they just want to effectively
gain profit from the bitcoin they have or maybe its one of their trading techniques. One possible reason also is that they might be waiting for an opportunity for a good investment and allocate it on such.
Well now the people are used to with a good profit from bitcoin and every one they are doing daily trade and investment in bitcoin so the main reason that people are going to hold bitcoin is just for investment purpose because everyone know that the price is going high so they are waiting for right time when the price go high then they will sell all bitcoins.
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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October 28, 2017, 05:32:58 PM
 #1642

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

Take the risk, if you dont put any money before you get some bitcoin, dont be afraid.  Check the news to know if you want to buy a good price and to sure that you get some profit.

We didnt know about the future so think before you click.

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October 30, 2017, 02:41:13 AM
 #1643

because the money in bitcoins is more profitable than on a bank account where you have only a small percentage
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October 30, 2017, 02:48:17 AM
 #1644

Because they are hopefull that they could earn money to bitcoin.

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October 30, 2017, 02:55:07 AM
 #1645

Simple because they want earn profit, so that reason they hold bitcoin.
Every years bitcoin increase, so my suggest hold bitcoin minimum 2/3 year for more profit.
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October 30, 2017, 02:59:54 AM
 #1646

I believe people are holding bitcoin because it's a investment option, rather than to invest in bank and receive your profit annually, why not invest on your wallet instead? For me it's better to invest on bitcoin and hold for a long term, anticipate the profit made to be greater than in a bank. We know that bitcoin is a volatile, so expect to invest if you can afford to lose. Right now I am holding it's the best option for me to gain much profit from my initial investment in bitcoin. Hoping so this will be a great year for bitcoin.  


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October 30, 2017, 03:04:05 AM
 #1647

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

They hold bitcoin to use in many reason. I think the reason why they hold bitcoin is because they wait they right time to met the price they expected, we know that everyday the currency of bitcoin become high and high and and think they wait the right price of bitcoin. I think the other reason also is to save it through bitcoin to use in the future.

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October 30, 2017, 03:04:44 AM
 #1648

For me those bounty hunters holding bitcoin is not just waiting for the value goes up,but they're holding or keeping bitcoin to earn such a huge profit in the near future. Smiley
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October 30, 2017, 03:05:25 AM
 #1649

Simple because they want earn profit, so that reason they hold bitcoin.
Every years bitcoin increase, so my suggest hold bitcoin minimum 2/3 year for more profit.
Yes, that's true. When we have the plans of making an earning through bitcoin, it needs to be given consideration as an long term investment. Very few people does it, rest get into bitcoin and use it on regular needs and regret for the mistake of spending unnecessarily. More you hold, more will be the profiting.

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October 30, 2017, 03:06:14 AM
 #1650

I believe people are holding bitcoin because it's a investment option, rather than to invest in bank and receive your profit annually, why not invest on your wallet instead? For me it's better to invest on bitcoin and hold for a long term, anticipate the profit made to be greater than in a bank. We know that bitcoin is a volatile, so expect to invest if you can afford to lose. Right now I am holding it's the best option for me to gain much profit from my initial investment in bitcoin. Hoping so this will be a great year for bitcoin.  




Yup, Investing in Bitcoin always a good choice. Because of the advantages and limited supply, Bitcoin price will go to the moon in the near future.  Wink
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October 30, 2017, 03:20:25 AM
 #1651

We all know the reason why we are holding it. See, I knew bitcoin way back 2012 but I didn't care much about it its because we knew that the value is like few dollars so what we did we disregarded it and until this year when we checked it the value is even higher than any other currency and that the biggest mistake that we did. But now we are planning to buy bitcoin and hold it. (it is like a long term investment so when the value go up to the moon in the next years,we will sell it)
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October 30, 2017, 03:27:14 AM
 #1652

We know the price of bitcoin is unstable. Bitcoin prices currently increasing. Probably because many people use bitcoin. So no wonder now many people are investing in bitcoin. Many people put their money into bitcoins. Probably because, he believes bitcoin prices will improve in the future. If bitcoin price is high and he sells bitcoin he has to  local currency, he will get a considerable profit.
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October 30, 2017, 03:33:52 AM
 #1653

99% of us want to become super-rich. And for us, one of the ways to reach there is by holding Bitcoins. For my part, BTC has given me decent profits till now. Bit I am not yet satisfied. I want to become a millionaire, and I believe that Bitcoin will take me there.
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October 30, 2017, 06:10:48 AM
 #1654

Simple because they want earn profit, so that reason they hold bitcoin.
Every years bitcoin increase, so my suggest hold bitcoin minimum 2/3 year for more profit.
Yes, that's true. When we have the plans of making an earning through bitcoin, it needs to be given consideration as an long term investment. Very few people does it, rest get into bitcoin and use it on regular needs and regret for the mistake of spending unnecessarily. More you hold, more will be the profiting.

We are all holding bitcoins and hoping for it's value to appreciate so that we can sell and make more in the fiat equivalent of its value. some sell to dump the price and buy again at a lower price and those are the whales and their games they play with their stock of more bitcoins.
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October 30, 2017, 07:03:48 AM
 #1655

People holding bitcoin for being confident about the future of bitcoin, I'm also very confident about the future of bitcoin that will continue to improve, I do not care about the price now, I keep hold and will sell when the price reaches at least 10k.

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October 30, 2017, 08:28:47 AM
 #1656

Many people hold bitcoin, it's true. But this is not always the case. If he is in loss after investing, then he will definitely hold bitcoin. And this person believes that bitcoin will rise very much and it will be beneficial. I think for all these reasons, everyone holds bitcoin.

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October 30, 2017, 08:54:41 AM
 #1657

Just like the gold prices fluctuating Bitcoin prices are also fluctuating it's increasing and decreasing. As far as my knowledge goes, the no Bitcoin is decreasing and when it will decrease a lot in no the value of Bitcoin will start increasing.
The people are holding on to their Bitcoin to get as much as money by selling Bitcoin when it's value is at the maximum (greater than any other  maximum value predicted).
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October 30, 2017, 08:57:09 AM
 #1658

Holding bitcoin is some sort of gamble so for it tow work just don't take a look at it for maybe a year and be surprised for the result. All part of the excitement.  Lips sealed Lips sealed Lips sealed
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October 30, 2017, 09:04:52 AM
 #1659

Well they are just taking their own risks. No one knows how the value or price of bitcoin will behave at any certain time, and that is their way of risking their investments. You should too you know

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October 30, 2017, 09:12:27 AM
 #1660

Yes holding is good thing.  if you hold some btc for 1 year, after 1 year btc price will rise too much. in critical situation  people don't wants to loss his money. and they believe its price will rise again.  that's why do this.
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