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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)
seyola89
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August 06, 2017, 01:11:48 AM
 #461

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

Because BTC pros like me strongly believe that BTC value can rise to as far as $10k+ in the near future due to it's lots of real life use cases!!!
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Edrian
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August 06, 2017, 03:15:13 AM
 #462

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
There are alot of good reason to trust bitcoin and to hold for it for a very long time. It will increase soon and you will benefit from it more than you would.
The fact that bitcoin supply is limited that makes the price go up is one of the reason.
Exactly! Bitcoin is limited and as more time goes by many people are becoming aware of it and using it. So the demand is increasing, and there is a short supply.

NoNetwork
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August 06, 2017, 03:26:54 AM
 #463

Peoples are holding BTC because they are waiting it to grow up and make some money, also they can invest in mining and get double.

It is mainly because they have some amount of Bitcoin to hold for, I mean you need to have a large number of it. Having huge amount of it means that you are now a major holder of Bitcoin. It could also affect the price of it, if you could just analyze it, these major holders greatly affect the price of Bitcoin. If they suddenly convert or sell in mass number of it, the price significantly change.
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August 06, 2017, 04:18:04 AM
 #464

People are holding bitcoin because they think and believe that bitcoin has a lot of possibilities in the future. Bitcoin price is getting higher and higher because of the continuous trend of it and also there are people who are seeing bitcoin as a great opportunity for earning money and that is why people are holding bitcoin and they are just keep doing it.
Tipsters
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August 06, 2017, 04:45:34 AM
 #465

Just like what happened in the past days. Why people holding bitcoin because bitcoin still has a huge potential in the late run. in the past few weeks bitcoin's price is around 2700$-2800$ look what is the price now it is 3220$ therefore for some bitcoin holders with 2-3 btc on their wallet they naturally get 400usd x 2 800$ usd income. thus they are holding bitcoin because the bitcoin may still raise to another level.
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August 06, 2017, 05:11:12 AM
 #466

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
There are alot of good reason to trust bitcoin and to hold for it for a very long time. It will increase soon and you will benefit from it more than you would.
The fact that bitcoin supply is limited that makes the price go up is one of the reason.
Exactly! Bitcoin is limited and as more time goes by many people are becoming aware of it and using it. So the demand is increasing, and there is a short supply.


,i agree with it absolutely, well does people care about the price? maybe some or few of them care about the price.. but why do they still hold and invest more when it drops the price? because they believe in its true potential and yes they are not just looking shortly or saving it for short term purpose but they are looking forward for the greater future. This is how I imagine what would people say if you would ask why did they still hold it for good.
liamnorthcoins
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August 06, 2017, 05:42:59 AM
 #467

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


Some people will hold their bitcoins as long as they can even if they are tempted to sell their stock bitcoins they can manage not to sell it and even the rate is highest for that day and still they where hoping that it will rise to their prospective rate. People have different plans in their life maybe others have small plans and other have big plans. The best reason for this is your investing your money all you can do is to monitor everyday the status of the coins or even every hour.
BeGoods
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August 06, 2017, 06:50:32 AM
 #468

even if its falling and the price been down, a lot of people hold their bitcoin because they believe it will rise, they hold their bitcoin for their future retirement and profit from it.
Yeah one of the reasons users hold back, most of them are certainly waiting for higher prices in the market certainly to gain profit, or they withhold because the price is still low or not in accordance with their expectations. They hold because it is related to bitcoin prices in the market
liliiaolivia2017
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August 06, 2017, 07:00:29 AM
 #469

I think they are waiting for the course to grow even more orderly and then they will be able to get it out with profit or make a purchase. I would now invest in a new crypto currency, the same Recoin, the rate at it is still low, and the protection is high at the level of US legislation.
bakkang
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August 06, 2017, 07:27:25 AM
 #470

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
I think many people hold the bitcoins because bitcoin's price will be more expensive in the future,
bitcoins be considered as new digital gold and digital asset, bitcoins can protect their whealty from inflation
so they hold bitcoins for long time.
Yes. You're correct because as time goes by the price of bitcoin is getting higher. People is keeping btc so that  if the price of it will getting higher in the future they will going to sell it.
ClvrGmr
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August 06, 2017, 12:06:01 PM
 #471

Bitcoins value goes up and down. Holding bitcoins for these time frame is a wise move because bitcoin's value is constantly increasing and is expected to go about 4000 dollars at the end of 2017. See if i can hold 1 bitcoin now great profit is waiing for me next year. Also the rise of btc are drastically high when I last check, about a month a go, btc's value is around 2700 dollars. If this continue to rise btc holders will be successfully grow great profit. Imagine if someone started holding bitcoin when its value is just around 1000 dollars? Heaven it seems but its not always rising it just happens that this year great deflation occurs.
Quietman
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August 06, 2017, 12:40:30 PM
 #472

Because many people in this community know what bitcoin will be in the future. There's an assurance that it will pump until 2017 ends. Taking the assurance from the journey of bitcoin since 2014 upto today. It is so inspiring that you just want to hold it knowing it will profit double or even triple.
Xester
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August 06, 2017, 12:54:13 PM
 #473

Because many people in this community know what bitcoin will be in the future. There's an assurance that it will pump until 2017 ends. Taking the assurance from the journey of bitcoin since 2014 upto today. It is so inspiring that you just want to hold it knowing it will profit double or even triple.

Since bitcoin is the strongest and most popular digital currency right now, it is for sure that we can guarantee that its price would become double and much better if it will become triple.  I have regret that I convert my bitcoins into cash before it became August.  The price did not change but it still goes up despite of the split.  As long as we can hold our bitcoins then we would have a profit for sure.
bit-freedom
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August 06, 2017, 01:29:09 PM
 #474

From what I see, Bitcoin price rise more than fall. I love the Bitcoin technology and the decentralised culture and hence I am holding on Bitcoin.  I trust that Bitcoin price will rise further.
BeManga
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August 06, 2017, 01:33:32 PM
 #475

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
they hold bitcoin for long term even you can see the price is already higher there still a lot of room for the price to get even higher





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TheGodFather
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August 06, 2017, 01:39:29 PM
 #476

From what I see, Bitcoin price rise more than fall. I love the Bitcoin technology and the decentralised culture and hence I am holding on Bitcoin.  I trust that Bitcoin price will rise further.
Yeah. I love bitcoins too. I really really want it and i put too much time on it. Because i see the potentials on it. So i still holding on my bitcoins. It doesnt matter how long it will takes as long as  that i have been believing in bitcoin and i see the future on it. And i put my trust on it. Thats enough.
batako
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August 06, 2017, 01:49:54 PM
 #477

Bitcoin is a good investment. Holding it for sure will give a good opportunity for us to get some profit. Bitcoin has a very bright future.
rhamzter
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August 06, 2017, 01:50:47 PM
 #478

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
they hold bitcoin for long term even you can see the price is already higher there still a lot of room for the price to get even higher
More users wants to hold their bitcoin because they they want to sell their bitcoin in higher price. However sometimes due to greediness instead of profit they earn lost. For now I think holding bitcoin is an option that we select depends on our will.
eann014
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August 06, 2017, 01:59:34 PM
 #479

Yeah, right now the price goes back up, I guess the reason is clear, that is to get a big profit from the bitcoin price increase. People withhold the bitcoin they have in order to get the right time to sell it.
That's true, and as of now we have a good amount of bitcoin which is also a good time to sell it. But if I we're you I will still hold bitcoin and wait until the bitcoin price goes $3500 or $4000.  Grin
There are a lot of people holding bitcoin because bitcoin value in the future will surely goes up! This is what, why a lot of people are loving bitcoin and holding bitcoin because it is still increasing.
DarkIT
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August 06, 2017, 02:02:29 PM
 #480

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
they hold bitcoin for long term even you can see the price is already higher there still a lot of room for the price to get even higher
More users wants to hold their bitcoin because they they want to sell their bitcoin in higher price. However sometimes due to greediness instead of profit they earn lost. For now I think holding bitcoin is an option that we select depends on our will.
yeah i agree with you, in the other hand some people buy and hold their btc for the future investement. they are sure that bitcoin will have a great price int the future.

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