What's your reasons for holding bitcoins?

[pixie85]

To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping.

To you, but to me it's completely different. I'd also like to note that bitcoin is money. Why should I exchange one form of money into another if I'm not ready to spend it?

Whether you hold or not what will happen in bitcoin will still happens, is good to hold but too long hell no, because am not the future, future is expectations real life is in the present.

How do you know what is too long? For people who sold at 2017 high of 20 000 holding to another high was too long but not for me. I was ready to wait much longer and I'm still ready to wait more. If you're not, don't hold it. I see no problem in that.

[1715644866]

1715644866

[ivankoh]

I guess it should come as no surprise here that we buy and hold bitcoin with the primary motive of being speculative for profit.  Bitcoin is a deflationary mechanism and the longer it holds - the greater the value. the more it goes against fiat.  It's good to have bitcoin to have more holding options against inflation in times of severe crisis like today.

[Zorigi]

Everyone has a different opinion about this, but if you hold bitcoin for the long term there are risks, the same goes for short-term investments, but many people who hold bitcoin for the long term also have certain reasons and predictions.

just like this, just try to think about people who bought bitcoin in 2009 and sold it in 2021. That way long-term investment is very profitable.

[n0ne]

Going through the growth chart of bitcoin is enough to understand for what reason people keep on buying and hold bitcoin. When we hold we can experience the variation in terms of USD. Even when we have small holdings in the wallet and when there is bullish move in the market, it gives an awesome feel to watch our holdings value change in the positive direction.

[Bazzu]

in fact, not everyone holds bitcoin for a long time, for example, now bitcoin is also experiencing a decline in price and this proves that not everyone holds bitcoin for a long time, because if there is profit, they will definitely sell it.
but actually holding bitcoin for a long time is very profitable, but with a note that you have to be patient to wait.
the point is that everyone also has good reasons that make them long-term and short-term investments.

[taufik123]

LOL I was just kidding. I'm sure that survey would just be for binance marketing. CZ will always promote crypto all for the promotion.
Even if it's true I wouldn't show off anyone on my facebook, I didn't even use my real name on facebook nor have a real image there.

Majority in crypto by now are up to making more money not just hedging their wealth against rising inflation. Although I would believe many will actually see that survey to be real. Every altcoin community today has girls on it and is surely attracted to someone with big holdings.

Privacy will become more important than anything else, because it will protect everything we have.
A de-neutralized cryptocurrency will protect users' privacy.
Binance is just doing a promotion and for those who feel they have a lot of bitcoin and make it have a strong appeal, most of them are influencers.

We can see many influencers on YouTube, TikTok, Twitter, or other social media showing off their assets.
It is done with the aim of increasing brand followers and subscribers, because they will also get money from each uploaded content.

And about the altcoin community you mean with a lot of girls, of course, they only target people with large holdings.
It has become common and nowadays it often happens.

Back to the discussion about the reasons for holding bitcoin, everyone has different reasons and goals.
Those who hold for the long term certainly want to get more profit, there are also those who only buy bitcoin to protect their assets from taxes imposed.

[Mauser]

My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?

A better question in my opinion should be "why are you selling bitcoins?". When it comes to saving money I don't really have a goal in mind, I mostly save money for bad times like important renovations in the apartment or when the car breaks down. For me bitcoins is a means to save money each month and I prefer to do in bitcoins and not in fiat money. I already have my monthly salary coming in fiat money, the same goes for my retirement money that will be paid out eventually in fiat money. Having the chance to save money in bitcoin is a good diversification that will payoff long term. Also with inflation rates of 10% in fiat money and banks paying 1-2% interest it makes absolutely no sense to save money in a bank account. Taking profit is not really a plan for me, because that would mean to go back into fiat money - which I am trying to escape.

[Tony116]

Honestly,, I hold bitcoin for the main reason is speculation, faith in bitcoin is growing, so I decided to hold bitcoin for a long time to find an opportunity to escape from a difficult life to find financial freedom.  In difficult economic times, I don't want to waste bitcoins (using payments, shopping, ...) because for sure bitcoin - a 1000 billion asset will soon return and will be worth more than that.

Me too; I don't want to lie, I have no second reason to invest in bitcoin other than profit. With the economy becoming increasingly harsh today, and relying solely on day-to-day jobs to get out of poverty is almost impossible. While other investments, such as gold or real estate, are not for everyone, those with little capital will never have the opportunity to own the other two types of expensive assets. Only bitcoin can help us, bitcoin has no distinction and no limits, and anyone with a passion for investing and looking for opportunities to get rich can invest in bitcoin. Bitcoin is my only hope, so I will hold on for as long as possible until I reach my goal.

[SOKO-DEKE]

I heard people keep saying don't sell when the price rise a little, or when it starts dropping! I don't get, why are you holding it for long? As long as am concerns is just a matter what you want, long term or short term. Bitcoin is not your Goldsmith or some banks you build at home that you can control anytime you like.

To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping. I can't hold for too long is personal or I will never take investment in a short is till personal.

Whether you hold or not what will happen in bitcoin will still happens, is good to hold but too long hell no, because am not the future, future is expectations real life is in the present.

My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?

If to be seriously honest that I invested the money I can afford to lose in bitcoin and again I don't want anybody to have control over my money, I don't really see any reason why I will be taking profit time to time from what I believe that will have more value in future. As for me i believe that Bitcoin come to stay with us and it will going be a great advantage in nearest future.Even if I am taking profit time to time, I will do nothing with the money rather buying again because I due always invest what I can afford to lose in crypto industry. So I decided to hodl my Bitcoin for long term because I have never decided to use does money for anything currently.

[Pierre 2]

Main reason for me to enter Bitcoin ecosystem was to rebel up against financial establishment honestly. I was young, very young. I learned how fiat money works - I learned how governments don't ever take responsibility. I wanted world to change and bought Bitcoin. Not only expecting getting rich - but also supporting a revolution. Currently I still have this ideal. It didn't change but transformed. I hold Bitcoin also to not try catch a train going full speed ahead. Bitcoin is future in our cold wallets!

[MoonOfLife]

Main reason for me to enter Bitcoin ecosystem was to rebel up against financial establishment honestly. I was young, very young. I learned how fiat money works - I learned how governments don't ever take responsibility. I wanted world to change and bought Bitcoin. Not only expecting getting rich - but also supporting a revolution. Currently I still have this ideal. It didn't change but transformed. I hold Bitcoin also to not try catch a train going full speed ahead. Bitcoin is future in our cold wallets!

I support the bitcoin revolution, but I hope this is not a revolution against the centralized financial system. I just wish people could accept bitcoin and see it as an alternative and add options for us. If bitcoin is against the current centralized system, it is no different than against the government, and that will not benefit bitcoin nor us. I don't expect people to be so conservative.

[bitzizzix]

Bitcoin for me is a financial technology that is very unique and also complicated because it is not easy to predict, and from a functional point of view it has many benefits. Bitcoin is a brilliant breakthrough made to help financial problems for its users including me.
and I'm sure all bitcoin users will be helped in their financial problems and what I like the most is choosing or holding bitcoin because I fully control it, and it can be used as a reserve fund when I really need it, and it can also be a store value which will be a big advantage which is great when prices go up.

[Odusko]

To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping. I can't hold for too long is personal or I will never take investment in a short till personally.

Hold the amount of bitcoin you can afford to leave with for a long time without any panic on the price whether it goes up of down, if you hold bitcoin and you know ot as an alternative financial and investment tool it will bring a level of freedom to you are tou are sure, that your bitcoin can not be blocked or unusable and no one other than you is in control of your bitcoin balance.
So to me, I have multiple reasons why I hold Bitcoin, but my ultimate reason is for the freedom it presents and is a readily available alternative.

[summonerrk]

I heard people keep saying don't sell when the price rise a little, or when it starts dropping! I don't get, why are you holding it for long? As long as am concerns is just a matter what you want, long term or short term. Bitcoin is not your Goldsmith or some banks you build at home that you can control anytime you like.

To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping. I can't hold for too long is personal or I will never take investment in a short is till personal.

Whether you hold or not what will happen in bitcoin will still happens, is good to hold but too long hell no, because am not the future, future is expectations real life is in the present.

My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?

At the moment, my assets are mostly outside of bitcoin, but in stable coins. The fact is that before, bitcoin was worth little, and the world knew little about it. There was a huge prospect for growth. Now, when people are constantly talking about bitcoin on TV, its price is not growing as rapidly as before. And the market is no longer so predictable. Plus, a lot of speculators are playing on the price, and the influence of enthusiasts is weakening. This affects the fact that just holding Bitcoin becomes unprofitable.

[kryptqnick]

Op's position about selling when the price looks right is reasonable. I don't support the idea of eternal hodling either because if a person never gets to benefiting from the wealth generated by Bitcoin, there's little sense in having it at all (unless the point is to donate it to others, of course, so that someone else benefits from it). I sell occasionally when I need to and/or when the price seems better than it's been for a while. I don't feel bad about it, and I would use Bitcoin directly if I could purchase groceries or pay the rent with it, but it's not possible yet. I also understand those who want to wait till the time comes when they can use Bitcoin directly, but even this waiting time should have a maximum limit because there's a chance it'll never come (and, in another sense, we're already living in the world where Bitcoin can be used for many things if one is willing to look for the right places, brands and options).

[danadc]

Main reason for me to enter Bitcoin ecosystem was to rebel up against financial establishment honestly. I was young, very young. I learned how fiat money works - I learned how governments don't ever take responsibility. I wanted world to change and bought Bitcoin. Not only expecting getting rich - but also supporting a revolution. Currently I still have this ideal. It didn't change but transformed. I hold Bitcoin also to not try catch a train going full speed ahead. Bitcoin is future in our cold wallets!

I support the bitcoin revolution, but I hope this is not a revolution against the centralized financial system. I just wish people could accept bitcoin and see it as an alternative and add options for us. If bitcoin is against the current centralized system, it is no different than against the government, and that will not benefit bitcoin nor us. I don't expect people to be so conservative.

It's not bad, the fact of having opened your eyes on time is one of the best things, for these reasons people change their way of saving and having money through bitcoin, also the best thing is that money is not necessary Let no one else manage it, if you have the public and private keys, the money is yours, when there is money in the bank, the money is not really ours, I have read some cases where there are banks that fail and do not return their funds to to the people That does not happen with bitcoin, unless the private keys are lost, it is impossible for them to recover them, which is why it is also delicate.

[milewilda]

I heard people keep saying don't sell when the price rise a little, or when it starts dropping! I don't get, why are you holding it for long? As long as am concerns is just a matter what you want, long term or short term. Bitcoin is not your Goldsmith or some banks you build at home that you can control anytime you like.

To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping. I can't hold for too long is personal or I will never take investment in a short is till personal.

Whether you hold or not what will happen in bitcoin will still happens, is good to hold but too long hell no, because am not the future, future is expectations real life is in the present.

My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?

This is actually depends on someones preferences and perceptions towards Bitcoin or on making money or whether they do really treat it as a digital currency, but i do believe that most people would really be coming after for making money since we know that human beings does really love money.This is why they would really be tending to hold it no matter what because it does really give out that opportunity.Just let them be on whatever those things that they do have in mind because not all would really be that having on the same thing on what they do been thinking.If they do tend to hold for long term then its their choice.
Its their money so its their full decision whether on what things they would really be doing.

[dezoel]

Too many people here realized long time ago that fiat is not a good thing and it doesn't really give you anything serious and that should be a good enough reason to just focus on something else, which in our case is bitcoin. It's such a horrible feeling that fiat, which is used the most and accepted everywhere and basically runs the whole world, is such a terrible thing for regular people like us that we are trying to run away from it.

If you are Elon Musk then you have no trouble with fiat, even though he acts as if he likes crypto, he doesn't have to, but if you are like me, the system is crooked for those rich people and that is why I pick bitcoin over any other currency.

[Kelvinid]

To me bitcoin is there to gives you money when you're satisfied to take the money or take your if can't wait when is dropping. I can't hold for too long is personal or I will never take investment in a short is till personal.

Whether you hold or not what will happen in bitcoin will still happens, is good to hold but too long hell no, because am not the future, future is expectations real life is in the present.

Nobody has urged us to hold forever. Besides, we have our own decisions and control of our Bitcoin, and we can sell them anytime if we want.
We can hear that many individuals are suggesting holding during the bear season but it was reasonable because it was not ideal to take that option (selling) when you are losing. The price of Bitcoin doesn't just pump up after buying that is why holding is should be applied. If we are familiar with this cycle - buy, hold, and sell, meaning we accumulate today and sell later when the price is already profitable, and that is investment.

[mvdheuvel1983]

My questions is people keeping bitcoin for too long and begins to hear story?
What's the secret that's different from taking profit?
Is that long term bitcoin don't experience losses?

Bitcoin is not my only source of income. Infact I consider bitcoin not as a source of income but a store of value with potential for future increase. So, I do not even think twice about why I hold.
I just buy and forget about it. It is like buying gold or any other precious metal that you fancy. You buy it and keep it and turn your focus towards something else knowing that it can never depreciate in value. Despite the volatility of the market, my confidence stems from the fact that it can never go to zero.