Why people are holding Bitcoin?

[matthona]

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.

Even if we missed that opportunity of buying at lower price we should not regret about it as finally we have arrived at the best place and if you invest in it even now still you can make good profits if you will your coins for next 5 years.

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[claudiotiego]

Simple. To make higher profits. I am holding my bitcoins too and I'm going to keep holding on for years, waiting for a greater appreciation.

[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.

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.

Yeah even I am expecting that price of bitcoins in next few years so I am not spending any of my bitcoins at a moment as I feel that if I will spend it now then profits I will be making will be not too high which would be possible after some years.

[aakashsangwan]

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.

And in bitcoins there is an yearly increase of price also that is far more greater than lending your money to banks or even lending to some other person you know in personal life too.
I am aiming for saving about 10 BTC for next 25 years and then I will probably cash them out.

[madwica]

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.

Yeah even I am expecting that price of bitcoins in next few years so I am not spending any of my bitcoins at a moment as I feel that if I will spend it now then profits I will be making will be not too high which would be possible after some years.

Me if i see a profit on the current price i always sell my bitcoin then wait for the dump again simple ill do trading in my bitcoin and that is the good way to increase our bitcoin do not just hold just learn how to make profit on it.

[irsada]

Because bitcoin is a very valuable asset
The price increase is remarkable
I will continue to hold him a few years later in order to be something of value'

[Fujiati]

In my opinion many people hold bitcoin because it expects its selling price will continue to increase expensive.

[Dontme]

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

The main reason why those holders keep holding on bitcoin is because they are waiting for bitcoin to reach $5000 and up. That was their main reason and that was actually they talking about ever since. To get the highest rate price of bitcoin and for more higher profit.

[suzukiy]

People holding Bitcoin may be for investment or wait for bitcoin price to go up so it can get profit when sold.or can also bitcoin in store for saving the future

[cyclotronmajesty]

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

The main reason why those holders keep holding on bitcoin is because they are waiting for bitcoin to reach $5000 and up. That was their main reason and that was actually they talking about ever since. To get the highest rate price of bitcoin and for more higher profit.

$5k is possibly to achieve in this year but there are many people who are holding their coins so that they can sell when price will go to $10k level but not all will be in position to hold their coins that longer and will start selling when they will see price of $5k.

[Betwrong]

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.

IMO you described the main reason why people are holding Bitcoin. Indeed it's better to keep your money in BTC rather than in fiat, gold or any other precious metal. Maybe buying some treasures of art will make you profit more in the future, but you have to be a real expert to do that. With Bitcoin it's simple, just buy it and hold it more than 5 years and you'll be fine.

[msarro]

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

The main reason why those holders keep holding on bitcoin is because they are waiting for bitcoin to reach $5000 and up. That was their main reason and that was actually they talking about ever since. To get the highest rate price of bitcoin and for more higher profit.

$5k is possibly to achieve in this year but there are many people who are holding their coins so that they can sell when price will go to $10k level but not all will be in position to hold their coins that longer and will start selling when they will see price of $5k.

Yes, I think there have no particular time to buy Bitcoin as Bitcoin always precious. At least our past experience indicates that, holding Bitcoin all time profitable. Don't need much fear of the market speculations, it's normal.

Yes short term fluctuations is very common in bitcoins so even if price goes down in coming days we should not be worried about it as in long term price will surely go higher so holding bitcoins is the best decision to make to gain higher profits in future.

[cinchin]

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.

Even if we missed that opportunity of buying at lower price we should not regret about it as finally we have arrived at the best place and if you invest in it even now still you can make good profits if you will your coins for next 5 years.

- Bitcoin is the investment trend of many people in the next few years, the price of bitcoin will increase very fast over time, we will become rich in the future if we invest it now. This is the thinking of so many people about the future of bitcoin
- However, I would like to emphasize that all this is just a prediction, and predictions may be true or false, so the best is that we should not put all the money into Bitcoin, this will be good and safe for us

[Harlot]

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.

Even if we missed that opportunity of buying at lower price we should not regret about it as finally we have arrived at the best place and if you invest in it even now still you can make good profits if you will your coins for next 5 years.

- Bitcoin is the investment trend of many people in the next few years, the price of bitcoin will increase very fast over time, we will become rich in the future if we invest it now. This is the thinking of so many people about the future of bitcoin
- However, I would like to emphasize that all this is just a prediction, and predictions may be true or false, so the best is that we should not put all the money into Bitcoin, this will be good and safe for us

Actually I think that is the main reason of all of us, but originally before I was holding Bitcoin in my wallet because I cannot spend it anywhere else aside from HYIP sites (LOL) and I have nowhere else to go because my Bitcoin was hard to be traded or converted to Fiat currency during when I first discovered it. But right now my main reason is because of its growth potential I am holding what I have hoping that in one day I can have more value compared to what we have now.

[Sweetbtc]

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.

It is not about the risk, it is more about the trust. People have trust in bitcoins and they know that bitcoin will surely move to new heights thats why no one is selling bitcoins even if its price is above 3400$

[doomloop]

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.

yes people are holding their bitcoin because they are still waiting for the price of the bitcoin to increase more than the price of the day, as they are taking it as an investment and waiting for a high pump and I think it is not bad to save something for your coming days if they will sell their bitcoins in a small price they can suffer from loss but holding bitcoin can make then more than they spent on their bitcoins 

[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

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.

Wow.. I should really invest some money on it.. Thank you very much

[Innocant]

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.

Very simple, people are holding bitcoins because they want to wait for the right time to have more profit. Some also holding bitcoins for years because it serves as a savings at the same time investment for the future. And some are just very Richy, they hold bitcoins because they still have extra cash to buy what they need and want. Very lucky.

Yes thats true they hold it for a year because they have extra cash, Not like us we don't have that yet so probably we can't hold it for long year. If i have a cash i hold my altcoins and waiting for they rise of bitcoins or altcoins and the earn more profit.

[daringdiscovered]

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.

Very simple, people are holding bitcoins because they want to wait for the right time to have more profit. Some also holding bitcoins for years because it serves as a savings at the same time investment for the future. And some are just very Richy, they hold bitcoins because they still have extra cash to buy what they need and want. Very lucky.

Yes thats true they hold it for a year because they have extra cash, Not like us we don't have that yet so probably we can't hold it for long year. If i have a cash i hold my altcoins and waiting for they rise of bitcoins or altcoins and the earn more profit.

It is not about they have the cash, it is not like what you think that holding all of their bitcoins, it is not like that, they are converting of course when there are certain prices which they that it is worth to convert some bitcoin, and that is the cash they are budgeting so they could earn more bitcoin and keep on saving it. The thing here is, you have to spend less than what you earn if you really want to have some savings.

[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.

yes people are holding their bitcoin because they are still waiting for the price of the bitcoin to increase more than the price of the day, as they are taking it as an investment and waiting for a high pump and I think it is not bad to save something for your coming days if they will sell their bitcoins in a small price they can suffer from loss but holding bitcoin can make then more than they spent on their bitcoins 

Exactly, generally, why people holding it , big percent of the population of bitcoiners is surely hold it for investment matters and other percent of population is for  maybe for collection. There is no exact number on people will hold it but they are surely helping the economics of bitcoin.