Why people are holding Bitcoin?

[Labay]

Why people are holding Gold?

it is like gold that you can determine that it is rise every year end and also like an lot it can high when the year also ends.  They hold bitcoin because they know that they can gain interest from that.

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[mevmike]

if you look on the bitcoin trend properly you can see that even if it falls for a period of time it doesn't fall that much...
But if it rises it really rise a lot...
maybe that should explain why are people is still holding on to their coins for a long period..
Why would you sell it if you know it could still increase in the future..
And why sell it if you dont need the money yet...

[Roman Abraham]

The people holding their bitcoin because, they think bitcoin price will rise in this month, and what their expectations has happen right now, because the bitcoin price jump high this time

[vinc3]

There is only one reason why people hold their bitcoin and that is they trust the technology behind it, they trust that the price of their investment will continue to rise as the time goes by, it might be unrealistic especially for the lay people but for us the believers, this much is very true. There's even a study that price of single BITCOIN will reach a 100,000 Dollar by the year 2021. Let's just hope that this will happen.

[Lorilikes]

I am sure the poll questions wet made mistakenly, right ?
People who are unwilling to sell their btc are as certain as I am that the skyrocketing prices are only the beginning of many years of growth.  Seriously!

Cheers.

[franco123]

People consider Bitcoin as an investment instrument. It works the same way like the other currencies. The price of Bitcoin may rise or fall for a particular period. However, in the case of Bitcoin, people see it as something that would continue to rise in the long run. And with that, considering Bitcoin as their investment, people are trying to find a perfect time where they think that they should sell their Bitcoin to a high price and avoid the possible depreciation of price.

[ekoice]

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

Only newbies would be getting panic on seeing the critical situations and would sell their bitcoins for cheaper price.But investors who are in the crypto market from the beginning knows very well the price movements of bitcoin.They have already seen that bitcoin has successfully overcome various critical issues and its surviving successfully.They khow very well that its a ever increasing coin.So they remain cool and they just want to hold it in their wallets to sell in future at higher prices.

[zarintasnim]

Most of the people hold their bitcoin to make good profit. It seems bitcoin price will be more high  now days. And also people trust strong Buck up security of bitcoin.

[kpcian]

it's a simple accounting. Bitcoin provides a good amount of profit so that people are doing well with the help of this newly invented system. basically, people are holding Bitcoin for the future purpose. today's Bitcoin will be a great asset in the future. so people always prefer to take the best decision regarding making money. that is why they are using Bitcoin.

[Dhaaaw]

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

They khow very well that its a ever increasing coin.So they remain cool and they just want to hold it in their wallets to sell in future at higher prices.

but how do you decide when to actually sell the bitcoins with the knowledge that you will no longer make profits.

[hovrah]

it's a simple accounting. Bitcoin provides a good amount of profit so that people are doing well with the help of this newly invented system. basically, people are holding Bitcoin for the future purpose. today's Bitcoin will be a great asset in the future. so people always prefer to take the best decision regarding making money. that is why they are using Bitcoin.

To date 1 Bitcoin is very good and I think that this trend will continue on. Thus, to save Bitcoin It becomes more interesting, because we can really get in two or more price Not lived today. I certainly trust these forecasts that predict $ 10,000 or even $ 15,000 for Bitcoin.

[suzanne5223]

Bitcoin prices are always up and down. We can not easily predict.
Bitcoins are a valuable asset for the future so that's why I keep bitcoins when the price goes down.

If i were you, i will be smart in managing my bitcoins because if i will just be idle and just keep my bitcoin and if i will not play my bitcoins in the market then the chance of getting rich fast is low, if you will play it like buying it cheap and selling it for an expensive price is a smart or wise decision because you can easily make money and you can buy more amount of bitcoin if its value goes down again.

DoublerHunter, I don't see the act of buying cheap and selling high as a smart or wise decision because if you watch closely the level of falling in price of bitcoin is low this days and that's because the total number of bitcoins left to mine is 4,502,888. Therefore, I see buying with fiat and holding of coin as a smart decision.

[Smarty14392]

Bitcoin prices are always up and down. We can not easily predict.
Bitcoins are a valuable asset for the future so that's why I keep bitcoins when the price goes down.

If i were you, i will be smart in managing my bitcoins because if i will just be idle and just keep my bitcoin and if i will not play my bitcoins in the market then the chance of getting rich fast is low, if you will play it like buying it cheap and selling it for an expensive price is a smart or wise decision because you can easily make money and you can buy more amount of bitcoin if its value goes down again.

DoublerHunter, I don't see the act of buying cheap and selling high as a smart or wise decision because if you watch closely the level of falling in price of bitcoin is low this days and that's because the total number of bitcoins left to mine is 4,502,888. Therefore, I see buying with fiat and holding of coin as a smart decision.

Yes, buying with fiat is a good way to make profit. These days we saw a high pump in the price of bitcoin from 2700$ to 3400$ and soon to cross 4000$. Even if we purchase 1 btc now and sell it in some months when the price goes above 4000$ will give us profit of maybe 500-600$ and that us a good profit

[ranman09]

Bitcoin prices are always up and down. We can not easily predict.
Bitcoins are a valuable asset for the future so that's why I keep bitcoins when the price goes down.

If i were you, i will be smart in managing my bitcoins because if i will just be idle and just keep my bitcoin and if i will not play my bitcoins in the market then the chance of getting rich fast is low, if you will play it like buying it cheap and selling it for an expensive price is a smart or wise decision because you can easily make money and you can buy more amount of bitcoin if its value goes down again.

DoublerHunter, I don't see the act of buying cheap and selling high as a smart or wise decision because if you watch closely the level of falling in price of bitcoin is low this days and that's because the total number of bitcoins left to mine is 4,502,888. Therefore, I see buying with fiat and holding of coin as a smart decision.

Yes, buying with fiat is a good way to make profit. These days we saw a high pump in the price of bitcoin from 2700$ to 3400$ and soon to cross 4000$. Even if we purchase 1 btc now and sell it in some months when the price goes above 4000$ will give us profit of maybe 500-600$ and that us a good profit

So there are 4,502,888 left to be mined? up until when do we expect this to be hit?

[rjbtc2017]

Because they invest it and waiting for the price to get higher and higher before selling it, well some peple i've seen that they hold because they are afraid that the time might come that the price of bitcoin will become higher and higher, some of them see bitcoin as a virtual collection. but generally, people hold bitcoin because they investing it.

[NoNetwork]

Because they invest it and waiting for the price to get higher and higher before selling it, well some peple i've seen that they hold because they are afraid that the time might come that the price of bitcoin will become higher and higher, some of them see bitcoin as a virtual collection. but generally, people hold bitcoin because they investing it.

People keep on saying its an investment, but I think its more than just investing. Setting aside the fact that they wanted the price to get higher, they also wanted to maintain a large number of Bitcoin, it makes sense though because you can't really use all of the bitcoin that you've earned. I think their main reason is to save their Bitcoin not just because the price will be higher or the price is still not that high. But because they can't use all of it in just one lay.

[DoublerHunter]

Bitcoin prices are always up and down. We can not easily predict.
Bitcoins are a valuable asset for the future so that's why I keep bitcoins when the price goes down.

If i were you, i will be smart in managing my bitcoins because if i will just be idle and just keep my bitcoin and if i will not play my bitcoins in the market then the chance of getting rich fast is low, if you will play it like buying it cheap and selling it for an expensive price is a smart or wise decision because you can easily make money and you can buy more amount of bitcoin if its value goes down again.

DoublerHunter, I don't see the act of buying cheap and selling high as a smart or wise decision because if you watch closely the level of falling in price of bitcoin is low this days and that's because the total number of bitcoins left to mine is 4,502,888. Therefore, I see buying with fiat and holding of coin as a smart decision.

Yes, buying with fiat is a good way to make profit. These days we saw a high pump in the price of bitcoin from 2700$ to 3400$ and soon to cross 4000$. Even if we purchase 1 btc now and sell it in some months when the price goes above 4000$ will give us profit of maybe 500-600$ and that us a good profit

So there are 4,502,888 left to be mined? up until when do we expect this to be hit?

It will take a lot of years before the bitcoin gets mined out, the supply that is left is still high and the difficulty of bitcoin is growing so the estimation of mining bitcoin will become longer and before bitcoin gets maxed out in supply for miners, the price of bitcoin will surely around 10,000 USD or more.

[BitcoinBallerina]

Bitcoin prices are always up and down. We can not easily predict.
Bitcoins are a valuable asset for the future so that's why I keep bitcoins when the price goes down.

If i were you, i will be smart in managing my bitcoins because if i will just be idle and just keep my bitcoin and if i will not play my bitcoins in the market then the chance of getting rich fast is low, if you will play it like buying it cheap and selling it for an expensive price is a smart or wise decision because you can easily make money and you can buy more amount of bitcoin if its value goes down again.

DoublerHunter, I don't see the act of buying cheap and selling high as a smart or wise decision because if you watch closely the level of falling in price of bitcoin is low this days and that's because the total number of bitcoins left to mine is 4,502,888. Therefore, I see buying with fiat and holding of coin as a smart decision.

Yes, buying with fiat is a good way to make profit. These days we saw a high pump in the price of bitcoin from 2700$ to 3400$ and soon to cross 4000$. Even if we purchase 1 btc now and sell it in some months when the price goes above 4000$ will give us profit of maybe 500-600$ and that us a good profit

So there are 4,502,888 left to be mined? up until when do we expect this to be hit?

It will take a lot of years before the bitcoin gets mined out, the supply that is left is still high and the difficulty of bitcoin is growing so the estimation of mining bitcoin will become longer and before bitcoin gets maxed out in supply for miners, the price of bitcoin will surely around 10,000 USD or more.

I believe that it will take until 2120 to mine all of the Bitcoin.

But actually at this time, it will already be close to $1,000,000 because most people will be using it.

[glowing10]

Motive of each person to hold Bitcoin is simple in anticipation that Btc prices will rise and rise . Though the price is not so stable and it drops a lot as well but if you consider in last couple of years the market has just rise even after the fall . This gives confidence to users that even if it falls the price will rise some point of time and they get good profits.

[danherbias07]

We have different opinions with this.
Some do think it will somehow grow in price.
Some are looking at the future thinking bitcoin will be the new technology that we will be using in the whole world. With that, they are holding and hoarding more because of its value someday.
I do believe in both. But for now, I would like to see how it could be spent and experience its greatness but I dont see merchants. I mean like live scanning it and not wallet to wallet