Topic: 55% of bitcoin circulating supply have not moved since 2018 (Read 256 times)
2018 was the bearish year and intelligent investors bought bitcoin at that discounted rate and start HODLING. If they still haven't moved the bitcoin this clearly means that whales are looking for something even big then that.
But what if bitcoin hits $100k? we will know if those wallets won't move a single bitcoin and will keep on holding it.
I think, real hodlers won't even care of $100k as they know the potential of bitcoin. If bitcoin hits 100k, all those wallet will be on more than 27x within 3 years. Than, everyone can imagine where it'll go in the next 5 years, even there is a major possibility of a bear market. But at the end, bitcoin's movement will uptrend as it's never disappointed any hodlers ,even anyone buy it at the top pick on any bull run.Then what if those 55% of bitcoin circulating supply doesn't move? This do simply shows that most of them are holding and the half of it are actively
circulating throughout the market.
Its just a matter of preference though.
Data have shown how more than half of bitcoin circulating supply have not been moved from their host wallet since the bitcoin deep of 2018, this have shown grreat length how die hard hodlers can go a long way down the road without moving they bitcoin from one wallet to another or to an exchange despite the current bitcoin market price.
At this moment those wallets have done 17× profits and still the long term hodlers (LTH) are not given up on the race to becoming the steel hands bitcoin hoders.
Credit:
https://news.bitcoin.com/btcs-hands-of-steel-37-bitcoins-supply-hasnt-moved-2017-55-sat-idle-2018s-bottom/
At this moment those wallets have done 17× profits and still the long term hodlers (LTH) are not given up on the race to becoming the steel hands bitcoin hoders.
Credit:
https://news.bitcoin.com/btcs-hands-of-steel-37-bitcoins-supply-hasnt-moved-2017-55-sat-idle-2018s-bottom/
Now the data may had a massive change. After the rise of 60k$, huge new investors came in to picture. They may not involved in any of the 2018 market investment. So the circulation of 2018 and 2021 will made a huge difference. If the price of bitcoin had reached the value of 100k$.The transaction fee of bitcoin will crossed the value of 35-40$.
It's a good sign that more and more people see Bitcoin as a store of value.
If coins haven't moved since 2018, it doesn't necessarily mean that they will never move. I got my first coins in 2012. I sold around 80% of the coins from that time, but the remaining 20% haven't moved since the time I purchased them. So these coins are also included in this figure (55%). I have two major targets - $100,000 and $250,000. Once these targets are achieved, I will be selling the vast majority of my coins.
We can assume they will sell at a high price, so they do not move the bitcoin before the price can reach it. They have a big patient to wait for their target price, while they can sell some parts on the other wallets because that will be more than enough for them to make a big profit if they sell it now. I am sure the bitcoin price will touch $100k and $250k someday, but you really need to hold your bitcoin tight and not panic. Maybe that can happen this year or next year. 
Damnn thats a lot, i think they when the time comes he will sell it slowly.
17x profit is so big, i'm still lil bit confused why theres a lot of people can hold for such a long time like that.
Maybe i just too scared to take the risk a.k.a weak hand
17x profit is so big, i'm still lil bit confused why theres a lot of people can hold for such a long time like that.
Maybe i just too scared to take the risk a.k.a weak hand
If coins haven't moved since 2018, it doesn't necessarily mean that they will never move. I got my first coins in 2012. I sold around 80% of the coins from that time, but the remaining 20% haven't moved since the time I purchased them. So these coins are also included in this figure (55%). I have two major targets - $100,000 and $250,000. Once these targets are achieved, I will be selling the vast majority of my coins.
But what if bitcoin hits $100k? we will know if those wallets won't move a single bitcoin and will keep on holding it.
I think, real hodlers won't even care of $100k as they know the potential of bitcoin. If bitcoin hits 100k, all those wallet will be on more than 27x within 3 years. Than, everyone can imagine where it'll go in the next 5 years, even there is a major possibility of a bear market. But at the end, bitcoin's movement will uptrend as it's never disappointed any hodlers ,even anyone buy it at the top pick on any bull run.
Yes, those people who buys at the peak and keep on holding it will definitely have no worries if the plan is to hold long term. Apparently, they expect the price to rise very high.
Which is expected to happen. They holded since 2018 which the price was below still $10,000. Now look at the price right now and it's going to increase further because of the demand in supply. In fact, they are helping with the price increase because they're trying to limit the supply of Bitcoin by holding and 55% isn't a something to laugh at.
I am not sure about the integrity of this data but if it is true, it shows that people are considering bitcoin purely as an invest rather than a currency. So I believe what Mr. Nakamoto dreamed about bitcoin, is failed miserably! Because people are indeed considering it as an investment only!
So there's nothing to feel proud about! Not a great progress in anything rather than price!
So there's nothing to feel proud about! Not a great progress in anything rather than price!
Like it or not, and this may or may not be foreseen by Satoshi, but you can't have a decentralized asset/currency to be decently stable enough to be used as a day-to-day currency in it's first few years; And you can't get to the decently-stable stage without the traders and the speculators. Both kinds of users are essential in the price discovery stage of literally any asset.
And scalability is another thing, because layer-2s are not like "there" yet. Bitcoin simply grew too fast for the technology to adapt.
It was pointed out that the data might not account for 2021, so the situation might have changed. In case there were movements in 2021 that make the article obsolete, we're still left with a problem that people hodl their BTC for a long time without using it at all until the new ATH gets established, and they can profit from it. If the money remains unmoved, the situation is even worse because if the new ATH doesn't motivate people to use their coins, it is likely that they're not going to use these coins within the next few years. It's not bad per se, but it's bad for Bitcoin's future as money because money needs liquidity. I wonder if there's still such a future for Bitcoin...
But what if bitcoin hits $100k? we will know if those wallets won't move a single bitcoin and will keep on holding it.
I think, real hodlers won't even care of $100k as they know the potential of bitcoin. If bitcoin hits 100k, all those wallet will be on more than 27x within 3 years. Than, everyone can imagine where it'll go in the next 5 years, even there is a major possibility of a bear market. But at the end, bitcoin's movement will uptrend as it's never disappointed any hodlers ,even anyone buy it at the top pick on any bull run.
that way, the more bitcoins stuck in the wallet, the higher the potential price over time. Long-term holders like to hoard bitcoins for long-term provision. Given the scarcity and dwindling supply, they wanted to keep it longer. this is a huge hoard of bitcoins. We hope that as it gets out of hand, these long-term holders will be very satisfied in the future.
You can never really blame them, knowing that they are already HODL-ing the right way, and that's always the best way to invest. Continuously buy no matter what the value the asset has. That has always been an effective way of investing. I hope that people would start to see the value of Bitcoin Holding as well. This is the new gold for everyone.
Expect everyone to have different needs and applications of BTC. At least this information is something I haven't expect to check. Maybe check also, even the older ones?
Expect everyone to have different needs and applications of BTC. At least this information is something I haven't expect to check. Maybe check also, even the older ones?
Data have shown how more than half of bitcoin circulating supply have not been moved from their host wallet since the bitcoin deep of 2018, this have shown grreat length how die hard hodlers can go a long way down the road without moving they bitcoin from one wallet to another or to an exchange despite the current bitcoin market price.
At this moment those wallets have done 17× profits and still the long term hodlers (LTH) are not given up on the race to becoming the steel hands bitcoin hoders.
Credit:
https://news.bitcoin.com/btcs-hands-of-steel-37-bitcoins-supply-hasnt-moved-2017-55-sat-idle-2018s-bottom/
At this moment those wallets have done 17× profits and still the long term hodlers (LTH) are not given up on the race to becoming the steel hands bitcoin hoders.
Credit:
https://news.bitcoin.com/btcs-hands-of-steel-37-bitcoins-supply-hasnt-moved-2017-55-sat-idle-2018s-bottom/
I am not sure about the integrity of this data but if it is true, it shows that people are considering bitcoin purely as an invest rather than a currency. So I believe what Mr. Nakamoto dreamed about bitcoin, is failed miserably! Because people are indeed considering it as an investment only!
So there's nothing to feel proud about! Not a great progress in anything rather than price!
Let us see this coming bear market that I expect 2022 or 2023, well, just how bitcoin cycles in the past and based on the s2f model. Though some argue that it wouldn't be the same as the 2018 bear market and how huge that markdown was, it's still questionable in its sense but everything can happen in crypto.
Steel hands? After only 2+ years and buying at that 2018 winter? Nah. You survive buying at one ATH and hold through a 90% "deep" and then you can apply for strong hands. It should have been really easy to buy in 2018 and hold on through the next two years, seeing as it would have been awesome figures (although credit for not panicking in March last year).
P.S. Anyone else notice the "deep" squad going around today? Or is it just my eye catching it more than it should?
P.S. Anyone else notice the "deep" squad going around today? Or is it just my eye catching it more than it should?
Data have shown how more than half of bitcoin circulating supply have not been moved from their host wallet since the bitcoin deep of 2018, this have shown grreat length how die hard hodlers can go a long way down the road without moving they bitcoin from one wallet to another or to an exchange despite the current bitcoin market price.
At this moment those wallets have done 17× profits and still the long term hodlers (LTH) are not given up on the race to becoming the steel hands bitcoin hoders.
Credit:
https://news.bitcoin.com/btcs-hands-of-steel-37-bitcoins-supply-hasnt-moved-2017-55-sat-idle-2018s-bottom/
The whales wait for the exact moment to cash out thier profits in the market.The prices wer low in 2018 after the market crash of 2017 and Bitcoin was tumbling between $8-$9k and the only option available with them was to HOLD until the right time and 2020 pandemic give boost to the prices and now see they are above $60k and their funds increased 8-9 times from initial investment.It was good move on the other hand as it would contribute more to the panic selling at that time.The also know about supply becoming scarce day by day and they want to have large part of Bitcoin with them. At this moment those wallets have done 17× profits and still the long term hodlers (LTH) are not given up on the race to becoming the steel hands bitcoin hoders.
Credit:
https://news.bitcoin.com/btcs-hands-of-steel-37-bitcoins-supply-hasnt-moved-2017-55-sat-idle-2018s-bottom/
Data have shown how more than half of bitcoin circulating supply have not been moved from their host wallet since the bitcoin deep of 2018, this have shown grreat length how die hard hodlers can go a long way down the road without moving they bitcoin from one wallet to another or to an exchange despite the current bitcoin market price.
At this moment those wallets have done 17× profits and still the long term hodlers (LTH) are not given up on the race to becoming the steel hands bitcoin hoders.
Credit:
https://news.bitcoin.com/btcs-hands-of-steel-37-bitcoins-supply-hasnt-moved-2017-55-sat-idle-2018s-bottom/
At this moment those wallets have done 17× profits and still the long term hodlers (LTH) are not given up on the race to becoming the steel hands bitcoin hoders.
Credit:
https://news.bitcoin.com/btcs-hands-of-steel-37-bitcoins-supply-hasnt-moved-2017-55-sat-idle-2018s-bottom/
I assume that a big part of them have lost access to their wallets.
Anyway,it's obvious that the army of HODLers are the main force behind the massive Bitcoin price growth.
Don't get me wrong,the institutional investors are pumping the Bitcoin price,but we would never reach 60K USD,if the circulating Bitcoin supply was higher and the HODLers were less.
How more people will be motivated to buy BTC and HODL in the long term,which means that less supply combined with increased demand is a guaranteed Bitcoin price to the moon.
If that's an accurate data, it is still known that many are not wanting to sell even if we're on the ATH. In that case, those wallets that haven't been touch for so long, the owners of it have the plan to hold for long term.
But what if bitcoin hits $100k? we will know if those wallets won't move a single bitcoin and will keep on holding it.
But what if bitcoin hits $100k? we will know if those wallets won't move a single bitcoin and will keep on holding it.
Jump to: