If i have a lot of bitcoin i still save bitcoin. The price of bitcoin may increase in the future. I invested in it with a big profit. Besides saving me spending a small sum on spending
same is here! No matter how much I have I will hold for a bigger jump and when that jump happens then I will sell my bit coins for a bigger price and see the whole world buy a hummer, a couple of Norwegian horses and live my days to an early grave.
most of the investors consider bitcoin as one of the most safe investment, and therefore most of the people want to continue their investment to increase therefore they are holding bitcoin.
This is correct but I personally like to cash my bitcoins into fiat money. I do this to cover my daily expenses. If one is rich enough, he can multiply his capital by just holding bitcoin.