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.
Here is what I think about this:
1) Yes you are right about this. There was a Japanese company in news recently for sending salary to employees in bitcoins. The company itself is also involved with some crypto related projects.
2) Anyone holding for more than an year will never be in loss. This has never happened in the past.
3) If big investors re investing , it is a boon for crypto. Best thing about these investors is that they got deep pockets to spend huge money and they will never sell due to panic situations. It will result in making prices less volatile.