Why people are holding Bitcoin?

[siddu1]

bitcoin already changed whole worlds think. today bitcoin value 4000$+ and 6 months ago bitcoin value 1200$+
so why not holding. bitcoin day by day increasing and I think bitcoin after 5 years just lke moooon
thanks

[1714233028]

1714233028

[1714233028]

1714233028

[1714233028]

1714233028

[1714233028]

1714233028

[1714233028]

1714233028

[coolcoinz]

People are holding because there isn't much that you can do with Bitcoin at the moment. In most countries it's not officially accepted and you can't pay your bills, taxes or buy groceries with it. The only thing left is to hold or turn it into some other online valuables like altcoins, or domains. The situation will change once it becomew sidely accepted but it will take years.

[Monta3002]

They are waiting for the bitcoin price to rise up and that is the time they will exchange it to money, lot of people does this all the time waiting and patience then withdraw.

[richmcrich]

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

People are holding bitcoin because it is a form of investment. If you owned 1 bitcoin in early January which was a little below $1000 back then, you’d presently be having over $4,000 worth of money. Which form of investment would have given you almost 4x your initial investment in just 7 months.

[wilwxk]

I think there are a lot of options for holding Bitcoin. for me, the main point is for the future purpose. if today anyone can be able to hold some Bitcoin then it will provide a lot of profit in the future. so it can be considered as one of the common motives to hold bitcoins .

[bitcoinissatan]

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.

I agree with you. Indeed some people want to hold bitcoin because with an increasingly expensive price to take advantage in the future then bitcoin can also be considered as digital gold and new assets.

[Macai]

They are reserving it in the near future because they know price will become higher more than today. They simply want to sell at a higher price so that they could gain a much better profit. Or simply they are still waiting for Aug.1 result.

One thing I know why they're still holding their bitcoin that is because they noticed that the price of bitcoin is getting high. So if they are going to sell it in the near future i think they will become millionaire. Honestly speaking people joining bitcoin want to become a millionaire and it I think it is a one way on how to become millionaire.

[Vaculin]

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

People are holding bitcoin because it is a form of investment. If you owned 1 bitcoin in early January which was a little below $1000 back then, you’d presently be having over $4,000 worth of money. Which form of investment would have given you almost 4x your initial investment in just 7 months.

I agree.Bitcoin is an ideal investment.The longer the months and years people are holding bitcoins,then the higher profit people will be earning.People tend to do this because the market price continues to increase day by day,and that makes every single bitcoin worth earning for.

[Blamsud]

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

People are holding bitcoin because it is a form of investment. If you owned 1 bitcoin in early January which was a little below $1000 back then, you’d presently be having over $4,000 worth of money. Which form of investment would have given you almost 4x your initial investment in just 7 months.

I agree.Bitcoin is an ideal investment.The longer the months and years people are holding bitcoins,then the higher profit people will be earning.People tend to do this because the market price continues to increase day by day,and that makes every single bitcoin worth earning for.

As we see it is indeed a good decision to hold into our btc,for sure the moment we start in btc we got to amazed how it tends to increase too high from it is before. And it till have chances that it can increase more in the future as it gets popular and adopted by new countries whose to implement it.

[thisappointed]

They are reserving it in the near future because they know price will become higher more than today. They simply want to sell at a higher price so that they could gain a much better profit. Or simply they are still waiting for Aug.1 result.

That is the majority reason why we, all are holding their bitcoin, though we are converting some of our bitcoin because we need some fiat to buy our needs in our everyday lives. Some of us are holding our bitcoin while we are earning more, for example is in Trading, Signature Campaign and many more.

Holding it could make us rich someday, because I'm sure that time will come that bitcoin's price would be higher than its price right now.

[justspare]

hmm, i think people holding bitcoin for investments? or maybe they do some trading or something like that?
maybe they use bitcoin to receive and send money with their business partner?

The basic reason behind holding bitcoins is its ever increasing value. It has the power to furnish our futures. The market value is increasing because of the increase in its demand and it is already above 4k dollars. Public is trying to enlarge their BTC amount by different methods.

[Crypto_New]

Why some people save their bitcoin more, I think some people predict bitcoin will get higher time after time, and that really happened, like in the past and until this moment. This is a long term investment.

[Konthol Ngaceng]

I'm sure, somebody holding bitcoin because they hope to get a big profit in one day, I also do that. After buying then I will not sell in less than 1 year so get big profit.

[South Park]

Of course for long-term investment. And I'm sure with the current prices, many are interested in bitcoin to make bitcoin a long-term investment. They believe that bitcoin prices will continue to skyrocket

I agree. Bitcoin is the right investment choice. I am sure that in the future bitcoin will become a rare item that many people are looking for, so it is certain that the price will be higher

Rare item? I don't think so, since Bitcoin is now a rising star phenomenon of some sort Bitcoin will be a common item but has so much value in the market. Rarity isn't always the label for high prices.

I disagree bitcoin is rare, there are only going to be 21 million bitcoins, that number is low if we compared to the dollar that have trillions of dollars and possibly even more than that, so when you put high demand and a low supply that makes the price to go up very rapidly which is exactly what we see with bitcoin.

[mmfiore]

Of course for long-term investment. And I'm sure with the current prices, many are interested in bitcoin to make bitcoin a long-term investment. They believe that bitcoin prices will continue to skyrocket

I agree. Bitcoin is the right investment choice. I am sure that in the future bitcoin will become a rare item that many people are looking for, so it is certain that the price will be higher

Rare item? I don't think so, since Bitcoin is now a rising star phenomenon of some sort Bitcoin will be a common item but has so much value in the market. Rarity isn't always the label for high prices.

I disagree bitcoin is rare, there are only going to be 21 million bitcoins, that number is low if we compared to the dollar that have trillions of dollars and possibly even more than that, so when you put high demand and a low supply that makes the price to go up very rapidly which is exactly what we see with bitcoin.

Clearly it's rare. With the lottery you don 't have 1/21.OOO.OOO chance of win of big win
Sure look the litecoin with 84 millions of coins, Waves 100 millions ... Ethereum different too.

I like what bitcoin have made in this world, so i'm totally a holder

[Drnice]

The plan of every business man or woman is to make the highest profit with the lowest risk. Keeping your bitcoin even at the point the price is falling does not mean you are loosing everything cause a time we come it will jump back up  to its normal position and price. People who holds their bitcoin holds it cause they want to make  high profit that will suit their margine.

[GraceFoster]

Because they don't know how to spend money

[mega]

People are holding their bitcoins at a moment to make huge profits in future as everyone is aware that the price of bitcoin will be too high in future and if they have saved good amount of bitcoins then they can sell it when price goes higher which will bring good profits for them and smart people will prefer to invest some of it in trading to gain regular profits instead of simply holding it.

[fasdorcas]

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

because they know what will happens with bitcoin
i have hold bitcoin too, but not much
So i just can tell you, buy and hold bitcoin now and see in next 2-3 years

He asked you a question and you made a mystery for him out of it. I hope OP has got your point but sometimes simpler is better.
The huge (I mean it) profits that they are gonna get in future is making people to hold their bitcoins instead of selling out now. Simple!

[gunhell16]

WE ARE all expecting an outrage of BTC value in the market lol ...
arent you ? ++500 buck in just 6 hours on its value