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Question: According to the past five or six weeks bitcoin price study I've noticed that the bitcoin price is continuously rising and falling, the price fall is more than the rise and still most of the bitcoin holders are not ready to sell it. I want to know the rea
When and how?
What if drops?

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Author Topic: Why people are holding Bitcoin?  (Read 58390 times)
0t3p0t
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August 19, 2017, 02:05:36 PM
 #741

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
I am actually one of those people who are holding BTC but I only hold small ammount about $100 earning from signature campaign and month by month my BTC will grow even the price remains since I am just holding all of my earnings from campaigns but as price goes up it's profit also goes up. Therefore, people are holding any ammount of BTC because they believe that they have a bright future in it. In my case it is actually my source of income so that's why I hold and  tried my luck in BTC.

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August 19, 2017, 02:19:48 PM
 #742

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
I am actually one of those people who are holding BTC but I only hold small ammount about $100 earning from signature campaign and month by month my BTC will grow even the price remains since I am just holding all of my earnings from campaigns but as price goes up it's profit also goes up. Therefore, people are holding any ammount of BTC because they believe that they have a bright future in it. In my case it is actually my source of income so that's why I hold and  tried my luck in BTC.
Well congrats any amount can goes along way as long as we believe that its possible to make it happen. We can see the starting amount of btc way back before and how it is now . It just proves even by holding we can earn as time passes can considered a long terms investment.

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August 19, 2017, 02:21:17 PM
 #743

People are holding on with their bitcoins as the total number of bitcoins are limited and their demand is increasing day by day and hence there are chance for hike in the value.

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August 19, 2017, 02:23:18 PM
 #744

People are holding bitcoins now because of its predicted value to rise up from $10,000.00 to $100,000.00 after 10years.
Imagine that value? You really have to keep safe your bitcoins.

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August 19, 2017, 02:24:40 PM
 #745

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

I think it's because even when bitcoin price falls hard, it will eventually recover and even surpass it's price when it started falling. Just look at the price history of bitcoin, it started less than a dollar and costs almost $2000 today. Just imagine when you held or accidentally forgot your bitcoin when it started.
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August 19, 2017, 02:26:05 PM
 #746

I think people holdkng their bitcoin is becuase theyre waiting for a high value of bitcoin because all people want to have a good and highprofit. We already know that bitcoin is volatile . and many people hold their bitcoin is because theyre want to become rich in the future.
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August 19, 2017, 02:32:08 PM
 #747

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

I think it's because even when bitcoin price falls hard, it will eventually recover and even surpass it's price when it started falling. Just look at the price history of bitcoin, it started less than a dollar and costs almost $2000 today. Just imagine when you held or accidentally forgot your bitcoin when it started.
Such thoughts lead to nowhere. You may encounter problem when the price is back at a high level. If all speculators will withdraw their capital from bitcoin then the price may return to level of 2014. Bitcoin is a Paradise for speculators and a trap for investors.
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August 19, 2017, 02:35:23 PM
 #748

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

Because the price of the bitcoins are increasing day by day and there is a major possibility to increase the price even further in the coming months, which should be the main reason for people to hold the bitcoins for longer period.
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August 19, 2017, 04:31:53 PM
 #749

holding on to Bitcoin will the small we buying gold bar to keep. is for the investment and the returns in the future.
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August 19, 2017, 05:54:33 PM
 #750

Eat keep bitcoin because it is profitable and it is possible not bad to earn on it
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August 19, 2017, 10:34:44 PM
 #751

I think people holdkng their bitcoin is becuase theyre waiting for a high value of bitcoin because all people want to have a good and highprofit. We already know that bitcoin is volatile . and many people hold their bitcoin is because theyre want to become rich in the future.
People does hold their bitcoin because of getting rich in the future but it was because of inflation which could lead to people not saving for their future and their children’s future since their savings might be worthless after some years and they see bitcoin as a way out.

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August 19, 2017, 10:44:08 PM
 #752

All people hold bitcoin when they heard some news about it then when it grows up they will sell it 😉😉
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August 19, 2017, 10:49:50 PM
 #753

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
They know that after the fall, there'll be rise, in terms of Bitcoin's Market Value. They are awared that dumps happens a lot, that made them used to it. Dumps and pumps are part of Bitcoin's Volatility. It became a reason for them on not to panic during the dips and hold their Bitcoin until its price is back to normal. They are those who held their Bitcoin for a long period of time, they are immune of the dumps that happened since the beginning. So this situation is nothing compared to before.
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August 19, 2017, 11:56:50 PM
Last edit: August 23, 2017, 09:25:16 AM by bitbob82
 #754

What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
I think they hold their bitcoin because there is a possibility that price of bitcoin will rapidly increase in the future. In addition to that, holding is one of the good option if you want to make good income. Lastly, you should hold your bitcoin because it willhelp you to become rich.
I also think that most of the people are holding their bitcoin and not going to sell it. in fact they are too much confident that very soon the price of bitcoin will cross 5000 and after that it will cross 7000$ at the end of 2018. in fact bitcoin has too much potential and therefore people are trying to hold their bitcoin.
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August 20, 2017, 05:16:16 PM
 #755

The price of bitcoin  is going higher with time.so,people are holding bitcoin and gain much profit.
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August 20, 2017, 05:21:08 PM
 #756

Bitcon is a electronic payment and easy to income
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August 20, 2017, 05:26:08 PM
 #757

The rise in Bitcoin price has been more northward than southward since the August 1st sentiment was over. People are holding on to Bitcoin because of the postulation of hitting $10000-$15000 before 2020. It looks like it will be possible. So you too can hold on to your own.
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August 21, 2017, 02:25:13 AM
 #758

The rise in Bitcoin price has been more northward than southward since the August 1st sentiment was over. People are holding on to Bitcoin because of the postulation of hitting $10000-$15000 before 2020. It looks like it will be possible. So you too can hold on to your own.
Wow! If bitcoins will cost that much in 2020, holding bitcoin now will surely give you a fortune in the future.1 bitcoin is just too hard to obtain. But with perseverance and harwork its really not impossible to have it.
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August 21, 2017, 02:34:02 AM
 #759

   Bitcoin is a very efficient tool in using money in many ways. It is effective in using for business and leisure like sports betting. I think people are holding onto it because it is a good investment for the future. When the price went up, it is very advisable to sell your bitcoin and with that you can double your money.

Bitcoin is a good long investment when you compare its rise in value to other investments like stocks and mutual funds. The increase in bitcoin in just weeks may be the increase in stocks or mutual funds in a year or two which is a huge difference so some people prefer bitcoin over them. The disadvantage of bitcoin is the unstable or volatile price whereas others have stable prices but it doesn't matter at the moment since the price is still going up as time passes by.

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August 21, 2017, 02:40:39 AM
 #760

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 Grin
i have hold bitcoin too, but not much Grin
So i just can tell you, buy and hold bitcoin now and see in next 2-3 years Wink
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