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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 58439 times)
marcuslong
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November 07, 2017, 03:23:28 PM
 #1841

Same as what i am doing right now they belieiving that bitcoin is becoming $1,0000 dollar and they dont want to sell because they believe that bitcoin will increase so fast as we can see the graph of bitcoin is increasing so fast and im not the only one who seeing it we all know that bitcoin will beame the bigfest currency of akl the time
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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Mazda17
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November 07, 2017, 03:27:07 PM
 #1842

people hold bitcoin for there future purpose. They hold it for profit.  If the price of bitcoin increased they can make profit by it. For that they hold it.
A good opinion and I agree and agree with you.
People will hold bitcoin for the next purpose because they are afraid to sell it if the price goes down and for tomorrow's stocks they are no longer there, therefore they hold it for profit and they sell bitcoin at a time when prices rise to benefit from it. For that they hold it until whenever they want.
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November 07, 2017, 03:30:05 PM
 #1843

People are holding Bitcoin because of its value. When Bitcoin was introduced its price very low. But now 1 BTC worth almost 7000$. So its clear that Bitcoin's value is increasing day by day. So people are buying Bitcoin in low price and holding them. When the price will increase they will sell some of them. That is reason people are holding Bitcoin.
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November 07, 2017, 03:47:26 PM
 #1844

why people still holding bitcoin? because they're still waiting the bitcoin price will go up, because bitcoin are dominating right now so they still holding their bitcoins.
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November 07, 2017, 05:10:49 PM
 #1845

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

There are no critical situations. All the opposite very well.

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November 07, 2017, 05:12:26 PM
 #1846

They are holding bitcoin because they know that bitcoin is a good way of making money without waiting too long. If bitcoin will reach at least $10000 then that will give a lot of profit to the holders for sure and that is why it is better to trust bitcoin and hold rather than selling and turning back from it.

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rb26
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November 07, 2017, 07:34:17 PM
 #1847

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


People who believe in bitcoin hopes that its price value will be uprising as time goes by. So they are just holding bitcoin because when the value is high that is the time for it to convert to fiat for their use. But, some will not convert it because they  consider bitcoin as their wealth just like the reason why people are holding their golds, jewelries, luxury cars,etc..

mabell943
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November 07, 2017, 07:36:30 PM
 #1848

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

for me i think people hold and keep bitcoin because they know bitcoin will increase the value of price in the future
squallw
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November 07, 2017, 07:40:33 PM
 #1849

I think some ppls believes that BTC will raise to the moon in next few years, like $50k~$100k or more. So if you bought it for $5k and sell it for $50k you can multiply your $ by 10x. Cripto users is increasing every day.
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November 08, 2017, 09:02:09 AM
 #1850

if all goes well, people holding bitcoin for a change life deal. less than 1% of people now know bitcoin, imagine if (when) all people will know and use it..

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November 08, 2017, 09:35:27 AM
 #1851

People hold bitcoin because at any time the value of bitcoin will goes high, they keep it and exchange it when the bitcoin value is very high, Its like time deposit on the bank but the increase is not 1% but x10 if your lucky to exchange in that rate.
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November 08, 2017, 10:25:21 AM
 #1852

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

that is because people tend to believe in bitcoin, it is true that it might have gotten down for a couple of weeks but surely having its fluctuating value in nature they believe that it will take it rise on the next couple of days.

redmond
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November 08, 2017, 10:28:27 AM
 #1853

People hold bitcoin because at any time the value of bitcoin will goes high, they keep it and exchange it when the bitcoin value is very high, Its like time deposit on the bank but the increase is not 1% but x10 if your lucky to exchange in that rate.
Yes in future the price will go high and it will give us a good profit. I also holding bitcoins to buy a new car.
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November 08, 2017, 01:58:10 PM
 #1854

My personal view is Bitcoin has very good future and it is an awesome field to invest on. 
It went 1000% up in last 12 months. Even if you bought BTC a year ago, you would have x10 times investment by now..

So people should hold BTC, if someone needs to profit and be a millionaire
aqilul hasan
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November 08, 2017, 02:08:56 PM
 #1855

because people believe the value of the bitcoin will continue to rise
So that they hold bitcoin
Fasdartin
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November 08, 2017, 02:16:53 PM
 #1856

if all goes well, people holding bitcoin for a change life deal. less than 1% of people now know bitcoin, imagine if (when) all people will know and use it..
Because they are believe that holding bitcoin for to long, they know they can gain more coin because everytime the value of bitcoin is increasing. But i think its better to invest because you can get profit from it.
tushin4
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November 08, 2017, 04:47:32 PM
 #1857

People are hold bitcoin To get a huge profit people like to hold bitcoin . day by day the raising price of bitcoin make people take decision to hold it . oviously
 people become success of their holding btc .
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November 09, 2017, 05:36:58 PM
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 #1858

Because you need to look larger, pay attention to the growth chart for a year or more, the price has increased significantly, and price fluctuations are a normal and logical phenomenon.
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November 09, 2017, 05:47:59 PM
 #1859

People are keeping bitcoins at this point planning to watch for regular bitcoin prices to obtain back again the benefits they expect
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November 09, 2017, 06:03:21 PM
 #1860

Many felt its a safe haven, but you have to be very careful

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