Why people are holding Bitcoin?

[kenkoy]

Most of the countries and people are now getting interested to the bitcoin currency. Some of the merchants are now indulging to the bitcoin. The demand is high and the supply will not be enough. Some of the BTC holders are keeping it as the BTC has high potential to increase. Benefits of investment

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[rhamzter]

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.

Most of the people hold their bitcoin, because they expecting a higher amount than the current value. Moreover, users believe that bitcoin price was increase more due to good performance of bitcoin in the market.

[Painbird]

people are holding Bitcoin becouse its rate not fixed, every bitcoin holder trust that  bitcoin rate going to higher. so if you sell Bitcoin then you may miss golden change to rich.I thing this is the main issue.

[DoublerHunter]

people are holding Bitcoin becouse its rate not fixed, every bitcoin holder trust that  bitcoin rate going to higher. so if you sell Bitcoin then you may miss golden change to rich.I thing this is the main issue.

The price of bitcoin is not fixed and it is also unpredictable so you cannot blame people if they don't like to hold bitcoin for long term because they are just playing safe and that is good because you are not risking too much money. For me the right thing to do is to just do trading with bitcoin like buying from the lower point and selling it on tops like for the current price now.

[setupbounds]

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.

Traders and holders both are poles apart. They both have different intentions and interests which force them to take respected decisions. Holders like to keep their Bitcoins in their pockets while traders take risk and try to expand their valuables. I personally support trading instead of keeping bitcoins inside the wallet. As far as profit is concerned, both are rich people.

[carlisle1]

Most of the countries and people are now getting interested to the bitcoin currency. Some of the merchants are now indulging to the bitcoin. The demand is high and the supply will not be enough. Some of the BTC holders are keeping it as the BTC has high potential to increase. Benefits of investment

well thinking for future goals let the holders to keep their shares and allow those rise and falls to happen, as time may say what will bitcoin brings
to them, its trust and good hope that bitcoin will make them reach and have stable future.

[MaryBiggle]

It's easy, I think they are just waiting that BTC's price would rise up)

[Lampaster]

All have long been accustomed to the fact that bitcoin is growing in value. Therefore, everyone tries to hold the bitcoin until the last moment. If people had enough to live on then we wouldn't be able to buy bitcoins. So the price is constantly growing.

[iyan33]

I do not think it's just a matter of waiting for bitcoin prices to go up, of course they hold bitcoin for their long-term investment purpose, because they have a bitcoin price trust that will continue to increase for next year and of course this will benefit the bitcoin holders.

[Betwrong]

I do not think it's just a matter of waiting for bitcoin prices to go up, of course they hold bitcoin for their long-term investment purpose, because they have a bitcoin price trust that will continue to increase for next year and of course this will benefit the bitcoin holders.

The beginning of your sentence contradicts with what you are saying later. ) I think that not only Bitcoin, but any asset people are holding in hope of price increase. It is as simple as that. I personally can see no other purpose for holding.

[ilovefeetsmell]

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

Holding our Bitcoin has a purpose. It will make our money grow and increased in its price. As what we had today, bitcoin increased more than $1000. This is what I am pointing out, it will grow a lot of profit and bitcoin of holding your money in a very very long time.

I will plan my bitcoin very well before I exchange it into another cryptocurrency or maybe I will invest it in the ICO to make my money big.

[NoNetwork]

There are a lot speculations that the price of bitcoin is going to skyrocket in few years to come that is why people kept holding their coins. People opinion that the price is going higher based on the fact that those who kept their bitcoin few years back are rich now.

Well in truth no one has ever predicted that it will go skyrocket. I mean in the past the bitcoin prize is not that high to buy something so expensive. Then it has nothing to do with the price when they are holding it, its just that it doesn't worth that much in those days. But now the price is just as high as the Mount Fuji that is, that is why they're holding it now.

[Aur3]

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.

Agreed. Holding bitcoin is a strategy. You need to have a plan when to spend it.

[Proton2233]

But people keep bitcoins, they just blow bubbles. It seems to me that if things remain as is we will see no rise in prices but rather a fall. Money generate revenue only when they turn in the economy. I feel sorry for those who think that bitcoin will grow forever.

[South Park]

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.

While that can be the reason behind the recent adopters of bitcoin, the early adopter probably did not had in mind that bitcoin could reach the prices that has reached at the moment, probably their intention were more like being part of this new experiment called bitcoin.

[justdimin]

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.

Interesting and important issue it is whether Bitcoins are going to be mined out in days or centuries. But more significant point is this either one should keep Bitcoins in his pocket or increase it by any means. I encourage all the Bitcoin holders to increase this asset by all possible methods because its value is going to shoot to 4000 dollars by the end of this year and will hopefully keep on increasing.

I also suggest to not wasting much time thinking about far future, no matter how large the amount is one day it's going to be finished. So be the first one to get your hands on as much Bitcoin as possible.

[sheldonnnn]

It seems to me that this is obvious. Bitcoin will grow in price and then people will be able to get a big profit. Yes, the price of bitcoin is very unstable, as it has always been, but there is no reason to sell it for now, I think.

[FrozenByte]

They are waiting for the price of Bitcoin to increase so they can make a profit.

[dfox101]

Bitcoin is considered the gold in cyber space. It is in its initial rising phase. Holding it will make good profit, it is the same as people hold the gold.

[adzino]

But people keep bitcoins, they just blow bubbles. It seems to me that if things remain as is we will see no rise in prices but rather a fall. Money generate revenue only when they turn in the economy. I feel sorry for those who think that bitcoin will grow forever.

Since you are talking about economy, let me tell you how this will work if they keep holding their coins. The more the people hold bitcoins and the more demand it creates which will end up increasing the price. More people starting to learn about bitcoin = more demand. So if things remain this way, i don't see why the price won't be increasing.