Why people are holding Bitcoin?

[denny27]

Each person must have a certain purpose in holding bitcoin. May want to wait for bitcoin prices to climb again and there is also holding bitcoin for future or there are other plans to use it, this is relatively happening surely to everyone. But i guess it's time to start getting as much bitcoin and sell it right now as the bitcoin prices start to climbing again.

[evilgreed]

Each person must have a certain purpose in holding bitcoin. May want to wait for bitcoin prices to climb again and there is also holding bitcoin for future or there are other plans to use it, this is relatively happening surely to everyone. But i guess it's time to start getting as much bitcoin and sell it right now as the bitcoin prices start to climbing again.

       Absolutely right. This is also why people are panicked its because they are much affected about the news and updates. They are worried because there are also issues and some bad news that other people keep on spreading in the comminity, like the other people also said that weak hands are always in big trouble when it comes to issues. As much as possible just keep ot calm.

[romero121]

As the price increase has been taking place, the panic among the users has decreased to a greater extent and this gives a hope that nothing worse happen by the days of upcoming segwit implementation causing a split and generating a solution for the blocksize issue. Hope the increased selling in the past days too also a reason for the ongoing price increase crossing $2500 and now nearing $2800.

[Mr. Legendaris]

Certainly hope to get a profit, this is because almost all investments such as gold, stocks, property and so move slow and even down, the presence of bitcoin make many people suddenly so they continue to buy bitcoin.

[hisuka]

Certainly hope to get a profit, this is because almost all investments such as gold, stocks, property and so move slow and even down, the presence of bitcoin make many people suddenly so they continue to buy bitcoin.

Yes people are holding bitcoin is to get profit. In any invesment made people are buying and selling bitcoin is to aim to get the return of investment. Even the downfall and uptrend of the bitcoin most people believe that btc will rise eventually. These are the reasons I think people are still into bitcoin until these days.

[Joshua101101]

Bitcoin has the ability to grow rapidly and over several years to make a millionaire out of a person, so many do not lose hope that everything will stabilize and the price will go up.

[novaprime]

Certainly hope to get a profit, this is because almost all investments such as gold, stocks, property and so move slow and even down, the presence of bitcoin make many people suddenly so they continue to buy bitcoin.

Bitcoin fluctuates very quickly based on the psychology of the market and is popular with investors around the world. I think Bitcoin will have a higher price because people are leaning on more technology and in the future people will use Bitcoin in big deals.

[BTCwoker]

Bitcoin value is continuously increasing. And, this is expected that its price will be reached to $500,000. This is the main reason, why people hold the Bitcoin, to enhance their wealth. 

[oegarod]

Bitcoin has the ability to grow rapidly and over several years to make a millionaire out of a person, so many do not lose hope that everything will stabilize and the price will go up.

Bitcoin has got the highest growing potential as well the larger user base than other traditional currency. Also there are several real life incidents where people had become millionaires just through bitcoin. This makes the users hold bitcoin with trust and make their investment more valuable for the future.

[fullypak]

Bitcoin has the ability to grow rapidly and over several years to make a millionaire out of a person, so many do not lose hope that everything will stabilize and the price will go up.

Bitcoin has got the highest growing potential as well the larger user base than other traditional currency. Also there are several real life incidents where people had become millionaires just through bitcoin. This makes the users hold bitcoin with trust and make their investment more valuable for the future.

Yes, just 3 or 4 years back who ever put trust on this bitcoin and bought bitcoins and saved it in cold storage. They all become millionaires now if they hold it for few more years there is no doubt the huge coin holder will become a billionaire. This is only possible who bought bitcoins long back. This is not possible for new comers.

[Rinder]

For me bitcoin has becamed a store of value, im buying small ammounts all months and let those saved at the wallet, i dont see why i would sell my coins just because it had dumped or reached 3000 dollars, knowing the potencial of it is huge, soo i would roi and profit and maybe be able to get more coins with a dump, but why i will take the risk, 2020 will be an amazing year for the holders.

[gulshan1]

bitcoin is asset for future which can give a huge difference of money at the rate of buying at low and sell on high rate after sometime like 1 year and more than. according to its popularity and increasing demand it is growing and fast gaining profit.

[Caelanpelley]

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

Well as likely as you have said, they are waiting for a miracle to happen. It may not be the right time for them to sell it, so it will cause a loss. It is true that bitcoin prices fluctuate and decrease but only fluctuate at some level.Maybe they see the future of bitcoin and decide to keep it for a bigger profit than selling it now.

[Yutikas_11920]

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

I think the reason why they are still holding their bitcoins is they waiting for the increase value of bitcoin. We all know that bitcoins has the higher value than other crytocurrency and it is still increasing. But sometimes bitcoins is not always in a high value.

Well, most of the reason someone does the holding because it wants to increase the value of bitcoin or it could be said that like to get huge profits (investment). actually this can be said to be an investment, because it has been very clear that they make a purchase, and then doing something that can give you a price increase is much higher and better. But it is indeed an advantage can be obtained only with hard work and patience
 

[kpcian]

there are a lot of reasons for holding Bitcoin by the people. I think profit making is the first reason regarding the use of Bitcoin. bitcoin has gained almost double value in recent times so people have a belief that it will carry more price so that they are considering it as a safe and profitable investment. that is why they have an intention to hold Bitcoin for the future.

[notyours]

Because they will predict that bitcoin is going to be rise at the end of the month or they hold bitcoins because they are so very trifty. Its better to hold bitcoin in your wallet than investing it in bank.

[voltesbit777]

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

They're not gonna do it if they don't believe that bitcoin has no better future. In fact, if anyone knows only the benefits and advantage of bitcoin together with the features of bitcoins they will surely do the same things for what others did in holding in a long terms due to by doing it, you are doing savings to your future.

[equator]

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

Bitcoin is more like a Investment , like people invest in mutual funds in hope that they will get good price on long time, just like that Bitcoin is good investment as the progress is high and the price of demand will also be high , so investment now will bring good high returns.

[virasog]

Actually,  people holding bitcoin to get better price. Because the price of bitcoin is increasing day by day. Maximum people hold bitcoin to get better price. Some people hold bitcoin for their future. In future, they get help by that holding bitcoin.

Yes, you can see how much bitcoin price increases in days and weeks. In January 2017 , Bitcoin price was near 1000$ whereas in July 2017, we are near 3000$. It means 2000$ Dollars increase in bitcoin price in a matter of 6 months. Those who are long term holders of bitcoins should realize that if they can hold for some more years,  they will be millionaire by that time.

[Meycell]

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

for more profitable only..because bitcoin is good for invesment the price of bitcoin very increase years to years it is very good for investment so save or hold bitcoin