Why people are holding Bitcoin?

[Painbird]

becouse bitcoin value better then gold,gold can't be more benefit if you hold this but bitcoin can sure.that's the main fact I think.

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[ahmia39]

I am, hold bitcoin on grounds of wanting to participate in technological progress of financial transactions. Because in bitcoin, we can take advantage of potential and many things support us to gain knowledge as well as money-making business.

[yuni52]

Just like gold. With Bitcoin's limited stock, the more people who want Bitcoin, the higher the Bitcoin. Conventional currency because there is a limit, and peratas will be a little bit its value. For people living in unstable areas, holding Bitcoin is much cheaper than the less expensive because Bitcoin is not hit by the currencies in the area.

[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.

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?

Yes and that was before cause miners are mining every single seconds. Therefore, the total number of bitcoin left to mine now is 4,501,925 bitcoin before we hit the 21million which will be in the year 2050 as the answer I found when I did my research.

[yoseph]

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

People are holding on to bitcoins and their other investment portfolios because they believe and know that as time goes on,  their investments will yield very good profits and as in the case of Gold and Bitcoins,  I know that people who have invested in them and never lose hope have always seen massive profits in their venture.

[roshidnahdi]

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

People are holding on to bitcoins and their other investment portfolios because they believe and know that as time goes on,  their investments will yield very good profits and as in the case of Gold and Bitcoins,  I know that people who have invested in them and never lose hope have always seen massive profits in their venture.

Bitcoin has become a commodity that can be traded like gold, prices can go up and down but bitcoin more challenging, can go up or down significantly.

[rayneh]

people know what it will increase to tens thousands dollars in next few months so why they should to sell it?)

[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.

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.

Well, that's true it's also a win win situation for a bitcoiner and investor that holding it gives bitcoin maintain a large number of bitcoin. But we must also consider that a lot of bitcoiners are not really knowledgable on bitcoin they just know that this is a form of investment with this reason we can already say that a large number of bitcoiners are investors.

[Jody.Drummer]

So holding something more and it is so promising so no word impossible to make it last, in my country bitcoin is like a very fast gold up and down so I think it is worth to be maintained until the price can jump more than this, I am sure And surely it will be an optimist that makes me so very confident..

[RedX]

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.

People who doesn't believe in bitcoin are just weak bagholders. We will hold them until we reached our target price. Some people maybe contented to sell their bitcoins at $10,000 but I know it will be more than that.

[carlisle1]

people know what it will increase to tens thousands dollars in next few months so why they should to sell it?)

easy money just by holding I'm sure they have all the necessary information for them to hold and wait for this aim value, people
holding because bitcoin really showcasing its capability to grow more and more.

[JanpriX]

Even though that the price of BTC is very volatile in the past weeks (we all know that BTC is very volatile in the first place), people are still hodling it because of its potential growth in the coming months and years. It is the best performing currency in the world for the past 3 years and this just proved that you can make a lot of money out of it if you just buy and hodl.

[thisappointed]

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

By any means, we are not there yet

In fact, we are not even close to being critical, which would require Bitcoin to be placed in the "critical care unit", metaphorically speaking. There is no chain split yet, and the chances of it coming about look low right now (we'd rather go on as before without SegWit). What we see looks more like a typical pump and dump event, with the stress on the dump part this time. It is only when we actually face the split or it becomes imminent that we can talk about situation being "critical". But in that very case, it would remain to be seen whether folks are actually going to "stick to their guns" and hold their bitcoins (which I doubt)

Most of the people here thought that bitcoin was going to be in a critical rate since this "bitcoin split" was gonna happen way back this August 1, but it didn't, just like what I've predicted. It was just another whale, though the panic sellers are of course sold their bitcoins being afraid to lose more profits if they are not going to make a decision (I pity them), there is no point on doubting bitcoin, besides, we got this BCC because we hold BTC's in our wallet during the Hard Fork, we could sell it, in fact, we didn't lose profits, if we are going to sell this BCC's that we have, then we could make profits without doing anything at all.

That is why holding bitcoin whatever happens is giving us benefits as always.

[Nanda Dewi277]

people know what it will increase to tens thousands dollars in next few months so why they should to sell it?)

They know when to sell and when to buy so they will gain a high profit, That's the traders.

or, they are a human and sure they also have needs that must be met.

[tleilaxu_eyes]

Why are people holding? Because they haven't been frightened into selling it (yet).

[rodskee]

people holding the bitcoin i think bitcoin is good investment for the future because i blelieve bitcoin after the split issue many bitcoin holder are panic but now after the issue the bitcoin still in strong as decentralized currencies in altcoin cryptocurrencies, so nothing worry to holding the bitcoin as future investment.

[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?

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.

By the end of this  year, by how much do you think bitcoin price will be? I see I think I need to invest more in bitcoin haha

[JesD]

The more people hold bitcoin, the more price rise we can have. When the new money enters to the markets, that money will only be able to buy the coins which are available on the exchanges.

If you don't list your coins on the exchanges, that money won't be able to buy your coins and he will pay someone else more money to get his coins. Now think about this on a bigger scale. Multiply the numbers by 100 or 1000.

For this particular situation we are in, that's the future simulation of all alts out there. If we can't successfully resolve the issues we have now, those exact issues will destroy the other alts either.

The moral of the story is; If you believe in bitcoin, just HODL!

Very well explained. You need to know all the aspects of this system in order to gain big money. I have found some mobile Apps through which you can buy bitcoins.https://www.mobikart.com/blog/3-best-apps-to-buy-bitcoins-in-india   Hope this will help.

[eleah24]

For me I think people are holding Bitcoin because they hold it for a reason. Since BTC value is not stable, we won't know when it will be high or when it will be low. Many people are just waiting for right time to convert it because, what if they exchange it at the right time. And some people may think that they would invest it on some things if they would not yet use it.

[Emily_Green]

I don't hold Bitcoin because I invest in the Recoin. However, from my point of view, the holding of coins in a critical situation is necessary in order to further increase in prices will be profitable. I'm sure that the price will grow, because after each fall comes growth.