Why people are holding Bitcoin?

[babarian]

People are holding bitcoins at this point aiming to wait for normal bitcoin prices to get back the benefits they expect

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[BITSPANISH]

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

Not have trader on market can predict exactly 100% the price of Bitcoin in last year, but Bitcoin can reach to $4000 or $5000 in this year is possible if not have problem until SegWit complete and Bitcoin become to fresh cryptocurrency after BTC-e refund.

[South Park]

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

Bitcoin holders have already seen such price rises and dips many times before.They are well aware that each time bitcoin price increases followed by a price fall,still bitcoin price would get stable only at a price higher than its previous price.They have seen bitcoin price gradually increasing in a long term basis and so they don't want to bother any price fluctuations in short term and they feel much comfortable in holding bitcoins instead of selling in panic as newbies do.

Correct, long term holders are different than traders, holders do their best to not move their coins at all, the only thing they care is to have their coins securely placed in a hardware wallet or cold storage, traders in the other hand are trying to get more bitcoin by trading other crypto and wait for a favorable exchange if successful they get more bitcoin if not then they lose money.

[n691309]

I think they holding bitcoins, Because they waiting when the bitcoins pump up or for buying also in altcoins.
We all know all of us waiting for that time when they pump up the bitcoin.

May be you are right, but I think people have demonstrably examined the bitcoin price in the market despite facing hurdles and speculations of 1st August and now joining bitcoin for trading purposes.

I think they have understood bitcoin completely and they have become know that in future bitcoin will be the king currency of cryptocurrencies. That’s why people are holding bitcoin for future purposes. People also know that there are limited bitcoin in the system and mostly have mined. Therefore, people consider bitcoin a unique resource of the world.

[LimLims]

Price is rising like a crazy and everyone is hoping to see much higher price in this year and that is the reason people are holding their coins so that they can sell at much higher price to get maximum profits and majority of people have target to sell their coins when it reaches to $5000.

[Bitcoin_trader2016]

Price is rising like a crazy and everyone is hoping to see much higher price in this year and that is the reason people are holding their coins so that they can sell at much higher price to get maximum profits and majority of people have target to sell their coins when it reaches to $5000.

I am holding bitcoins because i see the potencial of this coins in the future every months bitcoins goes up higher and higher thats the reason why people banking and holding bitcoins now.

[matthona]

Price is rising like a crazy and everyone is hoping to see much higher price in this year and that is the reason people are holding their coins so that they can sell at much higher price to get maximum profits and majority of people have target to sell their coins when it reaches to $5000.

I am holding bitcoins because i see the potencial of this coins in the future every months bitcoins goes up higher and higher thats the reason why people banking and holding bitcoins now.

Yes and we should have faith in the potential of bitcoins that it will rise even higher in coming months or years so to gain maximum profits on your investments it would be the best to hold your coins and do not spend it at this stage.

[yurekaa]

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

if you are trader you know when you hold coin or release coin.
you must wait until bitcoin on peak and sell them to get high price than high's price before
but sometimes they hold to invest for future and the other

[NathanJB]

I don't understand the poll's question.

Anyway, people are holding bitcoin because they are not short-sighted. They see the future more than the daily volatility of bitcoin. There were ups and downs but the general trend really is upwards. It is not downwards so there is no problem with price movements.

[HasHe]

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

It is only newbies who get panic on seeing even a small price dip in bitcoin and immediately sell it.But bitcoin holders who know very well about bitcoin's price movement don't get panic even when there is a huge fall in its price.They know for sure that bitcoin price is going to increase.So,they just feel comfortable in holding bitcoins without selling.

[Adbitco]

There's been an enormous increase in the prices of bitcoin and the rise in the prices has been consistent. There have been times when the prices went down but only to rise higher than before and that's the only reason most of the people hold bitcoins, to make money out of all this rise and drop in the prices of bitcoin. Some of us are holding it longer than others hoping that it would soon reach $10000 so people find it profitable investment and that's why they are holding.

[Catswold]

Obviously to make higher profits they are holding their coins and I think that is the right thing to do as it is predicted that price will reach $5k or even $10k in next few years so selling at that price is the best thing to do in order to make higher profits.

[YS84]

Money talks! People who are doing long term trading and have well understand for trading, they are holding bitcoins and selling at the right time which means the price get high to have maximum profit. Look at the bitcoin behavior from last few months. It is going high and higher even it has few drops. Many expertize believe it goes higher further. They explained if bitcoins follow “golden rules of digital technology” (Moore’s Law) bitcoin price could reach $100,000 per coin.
https://www.cryptocoinsnews.com/heres-how-the-bitcoin-price-reaches-100000-by-2021/

[Kelvinid]

Obviously to make higher profits they are holding their coins and I think that is the right thing to do as it is predicted that price will reach $5k or even $10k in next few years so selling at that price is the best thing to do in order to make higher profits.

Exactly.We keep on holding our earned bitcoins today hoping to reap much more profit in the next months and years.And it's really very interesting today because the market price is rising rapidly until it reaches $10k in the future.Who knows i can build my dream house just on holding my bitcoin for a longer time.

[daxiake]

Obviously to make higher profits they are holding their coins and I think that is the right thing to do as it is predicted that price will reach $5k or even $10k in next few years so selling at that price is the best thing to do in order to make higher profits.

Exactly.We keep on holding our earned bitcoins today hoping to reap much more profit in the next months and years.And it's really very interesting today because the market price is rising rapidly until it reaches $10k in the future.Who knows i can build my dream house just on holding my bitcoin for a longer time.

Holding is the best thing to do as it involves less risk of loosing money and we have seen that price has gone higher over the years so if we hold our bitcoins for next 5 to 10 years then it can give us massive profits on our investments.

[NoNetwork]

Obviously to make higher profits they are holding their coins and I think that is the right thing to do as it is predicted that price will reach $5k or even $10k in next few years so selling at that price is the best thing to do in order to make higher profits.

Exactly.We keep on holding our earned bitcoins today hoping to reap much more profit in the next months and years.And it's really very interesting today because the market price is rising rapidly until it reaches $10k in the future.Who knows i can build my dream house just on holding my bitcoin for a longer time.

Holding is the best thing to do as it involves less risk of loosing money and we have seen that price has gone higher over the years so if we hold our bitcoins for next 5 to 10 years then it can give us massive profits on our investments.

Holding Bitcoin really is a good thing since, the price really does gone up high. And to think that it will surpass our expectations of getting it to $3K is awesome. But I think, by this scenario Bitcoin will be more popular and be noticed by many people and eventually starts to join here in the community and invest.

[mdzahed134]

I think your thinking is something funny.Bitcoin is dupming for certain time I mean there is little time it's falling.Such as example you can see just a few days apart bitcoin has increased worth of 400$+.So that's why everybody try to hold bitcoin.

[cryptothinker]

Despite its volatility, some people feel safer holding Bitcoins instead of fiat. Maybe because they live in a country with high inflation, or they just don't trust fiat system. Others hold it for speculative reasons, because they expect it to go up in price.

[msarro]

Despite its volatility, some people feel safer holding Bitcoins instead of fiat. Maybe because they live in a country with high inflation, or they just don't fiat system. Others hold it for speculative reasons, because they expect it to go up in price.

Majority of users hold their coins to make higher profits in future and saving bitcoins is more beneficial then saving money in banks as interest paid by banks is too low and inflation will take away all your profits so the best thing would be to invest money in bitcoins and hold it for a long term.

[totaleclipseofthebank]

Obviously to make higher profits they are holding their coins and I think that is the right thing to do as it is predicted that price will reach $5k or even $10k in next few years so selling at that price is the best thing to do in order to make higher profits.

Exactly.We keep on holding our earned bitcoins today hoping to reap much more profit in the next months and years.And it's really very interesting today because the market price is rising rapidly until it reaches $10k in the future.Who knows i can build my dream house just on holding my bitcoin for a longer time.

No one can deny that Bitcoin's price will go up in the future and it will keep increasing higher. That's why holding Bitcoin will help them gain more profits and huge income. In 2009, 2010, Bitcoin really was invaluable, if we had already invested Bitcoin at that time, we were millionaire.