10 Reasons to hold Bitcoin

[Rabia]

Nowadays, many people are scared by the last correction on cryptocurrency market. I understand them but in my opinion there are still a lot of reasons to hold Bitcoin, and I'd like to share with you top 10 of them.

1. Adoption of Bitcoin continues to grow. There are more and more companies that want to accept Bitcoin and work with it.
2. You don't lose money unless you sell.
3. Institutional investors start to invest heavily in cryptocurrencies. (Goldman Sachs-backed mobile Bank Circle acquired Poloniex. Mastercard, New York Life Insurance Company, and CIBC have invested in the Digital Currency Group.
4. It’s still only a small percentage of wise investors pouring money into it (perhaps 10 to 30% of the U.S. population).
5. US legislators are drifting toward a positive stance on the regulation of cryptocurrencies.
6. Selling Bitcoin in it's low is what whales want from you to earn money for them.
7. Currently, there are too many dumpers like Mt Gox and too many FUD news but crypto market always recovers after some dump.
8. US or China aren't interested in banning cryptocurrencies because if they do this, other countries will adopt it and win. Most likely, those governments also want to buy Bitcoin but for lower price.
9. Crypto market gains upright scale graph starting from the third quarter few last years.
10. Bitcoin millionaires became millionaires because they holded it for years, not months.

What are your reasons to hold Bitcoin?

[Goku01]

your point are true and i also agree with your point. Everyone has to be patient and judge the market. i think there will be a right time for everyone when they can get lots of profit but they have to wait for it and hold their bitcoin.

[Iconic]

What you write has represented all the reasons people hold back bitcoin. But to be honest, my reason for holding back bitcoin is to get profit. The longer I hold back, the higher the value of bitcoin. And that means, I can get a bigger profit.

[diygirl]

@iconic, I think so. The longer we hold back, the greater the benefits we will get. As workers who don't have much time in the crypto world, I hold a few crypto coins for long-term investments. That is very beneficial because we also avoid panic selling if prices go down.

[kent47400]

Bitcoin is the benchmark of altcoins for its survival in the future.
You can see how Ethereum collects Bitcoin more than 3,245,650 to sustain Etheruem's future.

[Alpha]

10 reasons to hold is all about patient, faith, and hope. In conclusion giving up cannot help everyone to success because winners never quit but quitters never win.

[ponin]

In 2017 we saw one of the strongest rallies in Bitcoin history and it peaked at the current all time high of approximately $19500 per bitcoin before it made the inevitable correction. In the recent months the price has dropped down as much as 70 %. More importantly the value has, once again, settled to higher levels than before the rally.