What makes people compel to hold the bitcoin in this critical situation? What are they waiting for? Any good reason?
It has been proven that over time, the price of Bitcoin tends to go up. Even though it is a "critical situation" (based from you), people are still holding Bitcoin because they are holding it for a long term. So regardless if Bitcoin crash on the following days, people are just gonna hold them and would wait for the price to recover and achieve new all-time high.
... the price fall is more than the rise
WRONG.
you need to look at the bigger picture.
right now you are just looking at a short period of time where bitcoin price has came down a little. if you look at a couple of months you can see a rise from ~$880 to $2900 and right now it is sitting between $2200-$2400.
even if it falls more it will still be much much higher than the couple of months ago.
with that said, did you get your answer to why people hold bitcoin
It is better to complete the entire statement before saying that the claim is wrong. He/she narrowed down the span. Take a look at the poll question again:
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