Why people are holding Bitcoin?

[jofox]

Because it's our money to come in time, and there's a lot to know about it so it's pretty slow to educate people here in the Philippines.

[superjeyy]

... the price fall is more than the rise

WRONG.
you need to look at the bigger picture.
right now you are just looking at a short period of time where bitcoin price has came down a little. if you look at a couple of months you can see a rise from ~$880 to $2900 and right now it is sitting between $2200-$2400.

even if it falls more it will still be much much higher than the couple of months ago.

with that said, did you get your answer to why people hold bitcoin

I agree with BrewMaster. In situations like this, it is important to consider the bigger picture which could symbolize the long term effects rather than the subject of the picture alone or what depicts to be the short term effects of the Bitcoin downfall. We should all remember that Bitcoin is highly volatile and with that being said, anything can happen in a short span of time; but always know that these changes are temporary. Just like what BrewMaster said, Bitcoin will fall in greater heights but it will surely rise to a higher rate that it may exceed our expectations. This is why people hold on to their Bitcoins despite the thought of its continual decrease, when Bitcoin recovers it exemplary recovers. It is worth the patience of holding on rather than just selling it.

[Netnox]

People are holding their coins because the fundamentals are quite strong and the future potential is great. Everyone want to become rich and they are not satisfied with the current exchange rates of Bitcoin. Most of the users are waiting for prices of $50K per coin or even $100K per coin.

[GazorpPozorpec]

Everyone who bought bitcoin expecting that it will be cost 100 000$ or more in 10 years. Many people think that he managed to buy new gold for nothing.

[alan2here]

Because people trust Bitcoin and tend to keep more than buy. In the future if people keep more Bitcoin then I am sure the Bitcoin price could reach $ 50,000 in 2018 because so many people would definitely put money to own 1 BTC.

[sheamus10]

People are holding their coins because the fundamentals are quite strong and the future potential is great. Everyone want to become rich and they are not satisfied with the current exchange rates of Bitcoin. Most of the users are waiting for prices of $50K per coin or even $100K per coin.

I agree with you, not possible price bitcoin will stop at the price is right now. definitely will be no increase in a more on the next year, the reason we do hold is to get higher profits and make investments the future.

[Etherlevis128]

Everyone who bought bitcoin expecting that it will be cost 100 000$ or more in 10 years. Many people think that he managed to buy new gold for nothing.

They are holding (as a matter of fact it should be like this way) because the Bitcoin is the long-term investment currency.
i agree that blockchain technology is the future, and specially the bitcoin will continue to rising and protecting the first place.
we're all going to see how BTC will gain value if we wait with patience.

[saiteja01]

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

Yes off course they will hold their bitcoins for long term because till now bitcoin has very huge impact in long term and as you can see in the month of October the price of Bitcoin was $3000 now it is $8000.It may become $20000 in long term this is the main reason why they are holding for long term.

[parassinghal]

Obviously its because they wants to get good profit in future. Its not only the possiblity that its value will decrease in future. It can also go at more bigger level. You can consider it as like people hold gold for future.

[jisokoo]

On the run

[yfyjgtgui]

Holding the bitcoin is their own opinion.bitcoin cost is also an important to hold bitcoin,bitcoin price always changes.

[phpdev3]

People always have a tendency to make more profit. So, they want to hold the coin and if the price is higher, then they will sell to make more and handsome profit. That's why, people want to hold bitcoin.

[Mister1k]

People always have a tendency to make more profit. So, they want to hold the coin and if the price is higher, then they will sell to make more and handsome profit. That's why, people want to hold bitcoin.

Bitcoin is future digital currency. So most of the people hold the bitcoin for future process and growth. Bitcoin is easy to invest the future then you will improve you business process. It will give more opportunity for improve your self and change your life style.
I think these kind of the thread speaks the same information again by the different user. I hope mine would be last one and no more discussion about it.

[KwizatzHaderach]

It is the belief that it will go the moon in prices ($100K USD in prices in the next 5 years).
With Bitcoin nearing $10K, this may be possible. Still, my opinion on this is that Bitcoin is already overpriced and should be more stable in the next 3 years.

[roshanface123]

If you studies last 2 months price ratio you can see the up and downs but it still going more higher and higher. So holding it is the best option to earn from it. That's why the bitcoin user's holds their Bitcoins . They are waiting for touching a peak stage of the bitcoin price..

[Gotumoot]

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

Many people prefer to hold bitcoin rather than handling money. What if in bitcoin? there is a chance that your hold will not increase as the money is steady and does not rise. The good bitcoin continues to increase its value, many are helping to increase its value but still others who are still looking at the value of Bitcoin. Better to handle bitcoin than money, others prefer it because they often rise. They sell bitcoin at high value, then they will buy again to wait again. In this way the bitcoin process will rotate as well if you have other thought strategies .

[reinielle26]

They're holding bitcoin to sell it when the price of the bitcoins rise.

[MiF]

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

Many people prefer to hold bitcoin rather than handling money. What if in bitcoin? there is a chance that your hold will not increase as the money is steady and does not rise. The good bitcoin continues to increase its value, many are helping to increase its value but still others who are still looking at the value of Bitcoin. Better to handle bitcoin than money, others prefer it because they often rise. They sell bitcoin at high value, then they will buy again to wait again. In this way the bitcoin process will rotate as well if you have other thought strategies .

Bitcoin is a digital currency wherein most of the people save in here for their future growth. People are holding bitcoin for there future use, and for there childrens future. Saving money or investing here in bitcoin is easy and you will be thankful for the future because you can save such a great amount of money or should we say an income for your financial use.

[reinielle26]

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

Many people prefer to hold bitcoin rather than handling money. What if in bitcoin? there is a chance that your hold will not increase as the money is steady and does not rise. The good bitcoin continues to increase its value, many are helping to increase its value but still others who are still looking at the value of Bitcoin. Better to handle bitcoin than money, others prefer it because they often rise. They sell bitcoin at high value, then they will buy again to wait again. In this way the bitcoin process will rotate as well if you have other thought strategies .

Bitcoin is a digital currency wherein most of the people save in here for their future growth. People are holding bitcoin for there future use, and for there childrens future. Saving money or investing here in bitcoin is easy and you will be thankful for the future because you can save such a great amount of money or should we say an income for your financial use.

agreed

[webdevmastery]

They are holding their coins because they are expecting that bitcoins value will continuously grow in the future and they know that their investment will gain a lot of profit after the next few years to come.