Five Reasons People HODL Bitcoin

[Lucius]

Reasons people Hodl:

1. Speculative purpose - due to the spike in the fiat value of Bitcoin over the years, some believes the best way to make money is just to buy and Hodl Bitcoin.
2. Security - Some see Bitcoin as a means of securing their hard earned money not necessarily to make more money; this is especially the case in developing countries especially Nigeria where the value of the Naira usually depreciates overtime.
So rather than leave your money in the bank and see the value depreciate, why not buy some Bitcoins ☺
3. Trend - In some cliques Hodling is the trending thing; if you're not Hodling you don't belong. It's driven by a sense of being part of the next big thing.
4. Love - Some love everything about Bitcoin and the technology behind it (Blockchain). You can't blame them they're rich!
5. Forced - This is my last point, they bought Bitcoin at a high Fiat price and can't afford to let go at a loss so what choice do they have? Hold On to Dear Life 😕
What other reasons do you know?

I can agree that you named all important reasons why people hold BTC,and at this point I can not think of any other reason to add it to this list.I would say most people hold because speculative purpose and security,what's in a way connected.The idea of cryptocurrency itself is very tempting and fits perfectly in the digital age we live in.No one should blame anyone because he wants to realize his dreams,and if BTC is the path that leads to that, we can choose any of the reasons which you mentioned-"Success is not a destination, but the road that you're on"

[1715331876]

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[menggay16]

Reasons people Hodl:

1. Speculative purpose - due to the spike in the fiat value of Bitcoin over the years, some believes the best way to make money is just to buy and Hodl Bitcoin.
2. Security - Some see Bitcoin as a means of securing their hard earned money not necessarily to make more money; this is especially the case in developing countries especially Nigeria where the value of the Naira usually depreciates overtime.
So rather than leave your money in the bank and see the value depreciate, why not buy some Bitcoins ☺
3. Trend - In some cliques Hodling is the trending thing; if you're not Hodling you don't belong. It's driven by a sense of being part of the next big thing.
4. Love - Some love everything about Bitcoin and the technology behind it (Blockchain). You can't blame them they're rich!
5. Forced - This is my last point, they bought Bitcoin at a high Fiat price and can't afford to let go at a loss so what choice do they have? Hold On to Dear Life 😕
What other reasons do you know?

I agree with your explanations. You have a lot of reassons that perhaps same of you are doing a good way of dealing with bitcoin today is what or the most effective way in which you are not inferior to the fact  that you can be a strategy so that you will not mislead it untill eventually. Let's just look at the most effective way and knoledge especially in the trend of tradings that we will make us to earn a good profits on this even if in the short terms method or in a long term.

[Cryptoswarm]

I agree on your list but we are all sure there is just one right reason and that is the hodlgang. The hodlgang stays strong in all cases and we will hodl4ever

[Sudarmoon]

Most people withhold the bitcoin usually they are investors who intend long-term investments, and they expect at a very high price to sell, with huge profits.

[StarKay]

I can agree that you named all important reasons why people hold BTC,and at this point I can not think of any other reason to add it to this list.I would say most people hold because speculative purpose and security,what's in a way connected.The idea of cryptocurrency itself is very tempting and fits perfectly in the digital age we live in.No one should blame anyone because he wants to realize his dreams,and if BTC is the path that leads to that, we can choose any of the reasons which you mentioned-"Success is not a destination, but the road that you're on"

Thank you Sir for finding my post meritable, Bitcoin has actually made many people's dream to come true and given others hope.
This is a Digital age and Bitcoin is the King of Digital currency.

[vaughn125]

Reasons people Hodl:

1. Speculative purpose - due to the spike in the fiat value of Bitcoin over the years, some believes the best way to make money is just to buy and Hodl Bitcoin.
2. Security - Some see Bitcoin as a means of securing their hard earned money not necessarily to make more money; this is especially the case in developing countries especially Nigeria where the value of the Naira usually depreciates overtime.
So rather than leave your money in the bank and see the value depreciate, why not buy some Bitcoins ☺
3. Trend - In some cliques Hodling is the trending thing; if you're not Hodling you don't belong. It's driven by a sense of being part of the next big thing.
4. Love - Some love everything about Bitcoin and the technology behind it (Blockchain). You can't blame them they're rich!
5. Forced - This is my last point, they bought Bitcoin at a high Fiat price and can't afford to let go at a loss so what choice do they have? Hold On to Dear Life 😕
What other reasons do you know?

Well, that pretty much sums it up for me. Those are the only reasons that I can think of as to why people hold and accumulate as much bitcoins as they can. But in my case though, I only have the reasons 1, 2 and 4. And the main reason I have would be the number 4(although I am not rich) because I have first seen bitcoins on the deep web and got curious. I though it was cool so I searched more about it and have found an article stating its history and and technology. I then on that very moment became a fan and went through cloud mining sites faucets and so much more just to earn as much and then reached this forum. I then learned reading through various threads in different sections that there are a lot of crypto currencies and not just bitcoins, ethereum and doge. I also learned number 2 here and that I can earn more working on bounties than faucets which is why I started working and investing little by little altogether.

[p4npos]

I am in the favor of remain "Hold on' as long as possible as I think the whole world is realizing the importance of the cryptocurrencies as the world is bending towards the digital behavior from every angle. The money market will also be a completely digital market soon. Are you in the favor of digital world?

[Ezmael Wright]

There are so many reasons to handle bitcoin, one bitcoin is more trustworthy than others, bitcoin because you can actually say he is different, and it's more helpful to people.

[zarados]

Reasons people Hodl:

1. Speculative purpose - due to the spike in the fiat value of Bitcoin over the years, some believes the best way to make money is just to buy and Hodl Bitcoin.
2. Security - Some see Bitcoin as a means of securing their hard earned money not necessarily to make more money; this is especially the case in developing countries especially Nigeria where the value of the Naira usually depreciates overtime.
So rather than leave your money in the bank and see the value depreciate, why not buy some Bitcoins ☺
3. Trend - In some cliques Hodling is the trending thing; if you're not Hodling you don't belong. It's driven by a sense of being part of the next big thing.
4. Love - Some love everything about Bitcoin and the technology behind it (Blockchain). You can't blame them they're rich!
5. Forced - This is my last point, they bought Bitcoin at a high Fiat price and can't afford to let go at a loss so what choice do they have? Hold On to Dear Life 😕
What other reasons do you know?

from the list you mentioned, I assume that it only has a small percentage of the cause of people holding their bitcoins. While the biggest factor in my opinion is the confidence in the future of bitcoin will be glorious and think that bitcoin prices will continue to increase even though not through a smooth road. But it can all be easily ignored with a very high confidence in the future of bitcoin.