Why people are holding Bitcoin?

[bell70]

Bitcoin is here to stay.Imagine you hold a bitcoins for a long term,take advantage of that.make a lot of income and buy everything you want to buy.

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[wildey]

Expect bitcoin prices to rise to high, because of that, they withhold the bitcoin they have. Just like what I do. When bitcoin prices go up high, I aim to sell all the bitcoin I have.

[danggoron]

Bitcoin offers many useful and unique features, so many users choose to use Bitcoin. With such a solution, it is very likely that Bitcoin will mature and grow until it reaches a stage where the value of volatility is greatly reduced.

[kuyaJ]

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

if you watch the price range by coin and compare it by another or last month you can say what you do or how can you do by your coin. Almost 70% by the price of last month increase so we see that if you hold bitcoin even it is small you can gain profit.

[vsrsatish]

I think Bitcoin still has good potential to go higher and higher in multiple times, people just now realizing the real strength of bitcoin. we can see people buy and hold more and more bitcoins from now on wards. 

[boyptc]

Yes it's not a new activity anymore, we all know that holding is a very popular method and treats it as an investment. Yes I knew that fact that everyone is holding to make money because you can't grow or reproduce bitcoin by just holding it. But it will goes as an investment that's why you only have to hold them until the price will gets higher.

Treating bitcoin as an asset and holding it is really worthy if you cite previous history of bitcoin. Bitcoin appreciates more than 100% or more or even 1000%++. This year bitcoin is poised to reach $5000 dollar according to some prediction and even $10,000.

And if you know what happened to the first believers of bitcoin, they hold it until now. Some did sold at $1,000 and still they have a big profit with it and holding is totally an investment already so if you are earning good with your salary but you have holdings of bitcoin, upon selling it you'll see the result of it.

[949miner]

I am holding bitcoin since i bought them at $1850 at the middle of July, i am happy that i could buy a whole btc when it was at that price.
I will hold it until i see a fair price, i am not thinking to dump it soon, i am waiting for long term and who knows, maybe i will diversify in a few altcoins.
Most people hold it because of the same purpose, making more money in the future, that is it

[matanglawin]

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

Its market value before is approximately 2400$. And its market price at this moment is 4000$ . Before Bitcoin reached the current market value, it gone through lots of dumps and deflations. Those people who held their Bitcoin during the backdrops, until the hardfork happened last August 1, will surely earn huge amount of profit. becausr its price increase after a period of time. And that's the reason why people are still holding their Bitcoin through thid kind of situation.

[Yasirmrd]

People are holding bitcoin because they believe that the price of bitcoin will increase and this is true. Some predictions are that its price will go upto $10,000 and this is because of the increase in the demand of bitcoin. As the demand is increasing the price will go up which will result in high profit. 

[whaawh]

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

Its market value before is approximately 2400$. And its market price at this moment is 4000$ . Before Bitcoin reached the current market value, it gone through lots of dumps and deflations. Those people who held their Bitcoin during the backdrops, until the hardfork happened last August 1, will surely earn huge amount of profit. becausr its price increase after a period of time. And that's the reason why people are still holding their Bitcoin through thid kind of situation.

The fact is that people still see how all the forecasts regarding Bitcoin and its rate were justified, Therefore Trust remains even after August 1. Really all the very niyara already give the price of bitcoin around 5000 dollars by the end of the year, but they also forecast another plug in the middle of autumn. Perhaps this bifurcation will also bring some results, but no one knows the positive or negative.

[Yasirmrd]

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

Its market value before is approximately 2400$. And its market price at this moment is 4000$ . Before Bitcoin reached the current market value, it gone through lots of dumps and deflations. Those people who held their Bitcoin during the backdrops, until the hardfork happened last August 1, will surely earn huge amount of profit. becausr its price increase after a period of time. And that's the reason why people are still holding their Bitcoin through thid kind of situation.

Yes you are 100% right, the price of 1BTC was nearly $1300 in March today its price is $4000+. So the price of bitcoin is increasing and it fluctuating very fast therefore holding bitcoin and waiting for price increase benefit the holder of bitcoin. 

[SamsungBitcoin]

Most of the users hold their bitcoin because that is one way to earn big profit in the future and we all know that value of bitcoin is continuous increasing having huge amount of bitcoin makes big amount of money. That is why i eagerly to collect more and more bitcoin for my future.

[DoublerHunter]

Most of the users hold their bitcoin because that is one way to earn big profit in the future and we all know that value of bitcoin is continuous increasing having huge amount of bitcoin makes big amount of money. That is why i eagerly to collect more and more bitcoin for my future.

No doubt that your point is right, the amount of bitcoin is a huge deal in accumulating profits in bitcoin so if we have more bitcoin then if the price will pump even a little bit like 10%, we can still earn a lot of profit from our holdings so it is the reason why people are holding bitcoin and why us, bitcoin users should collect more bitcoin.

[Cocobrayy]

Everyone should hold bitcoin, because as we know now the big bitcoin prices make everyone want to own it, some are mining and investing to produce bitcoin. Because bitcoin can make people get rich quick.

[Kingofbitcoin12345]

It is a choice of one when they think the need to hold bitcoin, they do trust bitcoin as an investment even in fall down of price they know that it will rise again.. So if that what a holder think he will hold that as long he sense that the price is profitable to him and if his tolerance and patience is in the last hold..

[secdark]

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

It is because they will earn more profit, they will hold a little more so that they could a lot of profit. We all know that the price of bitcoin is almost everyday increasing price so they will hold it for the future because the price will more likely double i think by next year.  Well it is critical now because of the higher price and it is the best time to sell but they will hold it little more.

[dEjAvOU]

Hope someday get rich quick, we all know that many rich people suddenly due to bitcoin so we should invest bitcoin as soon and as much as possible.

[JasonXG]

... the price fall is more than the rise

WRONG.
you need to look at the bigger picture.
right now you are just looking at a short period of time where bitcoin price has came down a little. if you look at a couple of months you can see a rise from ~$880 to $2900 and right now it is sitting between $2200-$2400.

even if it falls more it will still be much much higher than the couple of months ago.

with that said, did you get your answer to why people hold bitcoin

The person who said that is very Solly and can't read a graph. By nature of supply and demand it will go up in value longterm. Just some people can't wait and are so impatient and want a get rich quick overnight scheme.

[sulendra12]

Most of the users hold their bitcoin because that is one way to earn big profit in the future and we all know that value of bitcoin is continuous increasing having huge amount of bitcoin makes big amount of money. That is why i eagerly to collect more and more bitcoin for my future.

This is a reason why Bitcoin is more valuable and if you read the whole thread, most of people would suggest you to hold Bitcoin for big profit in the future which is correct. But, you have to be patient and see other opportunity like trading to increase your Bitcoin.
Hold Bitcoin without any further action isn't a good idea to do.

[gendang_cinta]

They hold Bitcoin for a variety of reasons, but the main reason is because they believe that Bitcoin prices will soar, and are at the top of the highest price, let alone with the issue of Bitcoin prices reaching 100 million, so they can exchange it for a very high nominal.