They could but will they?
How many of them could sell for a profit higher than 50%? Probably not that many. How many for more than 100%? If I knew I can sell for a 10% profit I wouldn't even think about it. Bitcoin is an investment that can do 500% and more per bull run. Why would anyone settle for 10% or 20%?
Most hodlers are here because they could get 5% from other safe investments but they want 100%.
Topic: 61% of Bitcoin hodlers could sell at a profit (Read 297 times)
I don't know why there are so many people bothered by this article, the only thing that refers to is how many people are holding BTC profitably.
It's not whether they're going to sell, or if they're going to hold on it's only another metric of the set of metrics that have been created by various companies that pretend to understand what's going on in the market.
No one is forced to take it as financial advice, people choose it, just like Bitcoin you opt to have it or not.
It's not whether they're going to sell, or if they're going to hold on it's only another metric of the set of metrics that have been created by various companies that pretend to understand what's going on in the market.
No one is forced to take it as financial advice, people choose it, just like Bitcoin you opt to have it or not.
100% holder at 3000$ could sell with profit.
I don't think 61% is a reasonable nubmer, and it's just clueless.
what about people who bought at 20k, or 15k, because 15-20k is the range that they buy and sell so much. very big volume, and some of them might never take back half of invested money.
I don't think 61% is a reasonable nubmer, and it's just clueless.
what about people who bought at 20k, or 15k, because 15-20k is the range that they buy and sell so much. very big volume, and some of them might never take back half of invested money.
I also wonder the analysis of the post. Some are still hodling from a long time, maybe during the 2017 ATH. or was every wallet captured to know the exact amount that will be profiting. Certainly, it is not in doubt that bitcoin is about to leave the bear but the percentage of profiting wallet is my question.
Another speculative article. People won't sell at a profit because that's what hodling is about. You're looking to buy goods for your coins at some point not sell it for fiat. Hodlers don't need and don't want fiat. They are mostly people who have enough fiat to live by and Bitcoin is their long term investment, for some even a retirement fund.
They will not sell, profit or not. They will exchange for things and that's a difference. I will give my bitcoins one day to someone for a house or a yacht but I won't sell for fiat.
They will not sell, profit or not. They will exchange for things and that's a difference. I will give my bitcoins one day to someone for a house or a yacht but I won't sell for fiat.
What is hodling?
So, what exactly is hodling? According to eToro, to hodl is to “to hold on to your coins, even when the market dips, rather than sell up and cash out.”
So, what exactly is hodling? According to eToro, to hodl is to “to hold on to your coins, even when the market dips, rather than sell up and cash out.”
that is a wrong definition and in my opinion it is what the newbies think. which is why we have so many weak hands who bag hold and then panic sell.
HODL means making a wise investment decision and putting your money in something you think has a long term potential and then not worrying about its short term fluctuations. additionally you enter during the time where price is in a dip so that you are guaranteed to see profit.
this means buying bitcoin this year and not even thinking about the times where price came down. if you did that, then even with the drops you still are in more than 100% profit!
Long-term holders always hold to the escalation of costs and volumes.
Although the conditions are now favorable for sales, they are aware of the added value aspects that do not stop here. There are still moments of growth in the following years and it is very unlikely to sell quickly because they are waiting for their peak momentum. Holders who have bought at the highest price range also do not want to experience a loss. they hold back what they have bought, and use new funds to at least find a balance of capital by accumulating.
Although the conditions are now favorable for sales, they are aware of the added value aspects that do not stop here. There are still moments of growth in the following years and it is very unlikely to sell quickly because they are waiting for their peak momentum. Holders who have bought at the highest price range also do not want to experience a loss. they hold back what they have bought, and use new funds to at least find a balance of capital by accumulating.
According to The Block, up to 61% of Bitcoin hodlers could sell at a profit. Towards the end of the year, should Bitcoin prices stay about $8,000 per coin, 61% of hodlers could sell in their cryptocurrency. The Block looked at the overall potential to sell at a profit, with regards to both old adopters, and new traders.
I will call this a bullshit theory, how on earth they will come to a stupid conclusion like this, the people who invested in BTCitcoin are waiting for the big rally even if they are planning to book their profit and the majority will not even sell until you see an all time high valuation, how do they look at individual traders and their patterns and how they will calculate their overall mentality on when they will book their profit. If you look at the profit exclusively by the early investors then majority will sell now but that is not the case. 
In my dictionary Hodl gives another meaning. true Hodlers don’t care about the price. BTC can be $10,000, $1,000,000, or even $1, I will still Hodl, forever. It means Hodling until I don't deal in fiat paper money ever again.
I would've thought a microscopic minority feel that way and even most of them are lying either to the world or themselves.
Holding is just as much an investment strategy as trading your tits off. It just tends to be a more sensible option for most people.
For about that we are buying Bitcoins during 2017 bullish, does holding would still matter? It never makes sense at all, knowing the fact that the market won't really get back to that price or above just to make a profit, holding will never work.
But we are buying Bitcoin right after the bullish ends definitely, we make money from it. And much more to gain if we are able to hold it a little bit longer.
But we are buying Bitcoin right after the bullish ends definitely, we make money from it. And much more to gain if we are able to hold it a little bit longer.
100% holder at 3000$ could sell with profit.
I don't think 61% is a reasonable nubmer, and it's just clueless.
what about people who bought at 20k, or 15k, because 15-20k is the range that they buy and sell so much. very big volume, and some of them might never take back half of invested money.
What is the $3k number about? In the tweet, it is said that if the price is the way it is right now, 61% would profit from selling. I wonder how that number is calculated, though. If it a thorough study of addresses that have been holding BTC since a certain period of time but not since the $9k and above time? And what about people using exchanges all the time? What about those who bought prior to 2017?I don't think 61% is a reasonable nubmer, and it's just clueless.
what about people who bought at 20k, or 15k, because 15-20k is the range that they buy and sell so much. very big volume, and some of them might never take back half of invested money.
It seems to be a number which is hard to calculate.
What is hodling?
So, what exactly is hodling? According to eToro, to hodl is to “to hold on to your coins, even when the market dips, rather than sell up and cash out.” If you don’t have a lot of time for trading on your hands, this is most likely the strategy for you. Some of the most successful Bitcoin hodlers include the Winklevoss Twins, Satoshi Nakamoto (the founder and creator of Bitcoin), and exchanges.
That's as usual probably very inaccurate. 61% of addresses doesn't necessarily mean 61% of all wallets in existence, and doesn't necessarily mean 61% of all users.
Most likely it's multiple addresses and multiple wallets owned by probably a lot less entities than we imagine. Take into account wallets forever lost or unlikely to ever become active, and it's a lot fewer than that.
Which is good news of course since it means most people must hold to wait for prices to go back up.
Most likely it's multiple addresses and multiple wallets owned by probably a lot less entities than we imagine. Take into account wallets forever lost or unlikely to ever become active, and it's a lot fewer than that.
Which is good news of course since it means most people must hold to wait for prices to go back up.
A LOT of people arrive in the last gasps of a bubble. This is why so many were turning people away I guess. Plenty of them will be in for a lengthy wait before being back in the black. I'm sure many if not most sold at a vast loss as that's what humans tend to do.
There is a difference between short and long-term holders, and between how much both of them sell over a period of time. Short-term holders are only looking for a quick profit, and they probably sell all coins in a favorable moment. Long-term holders are selling only small parts if they need a fiat, or they use BTC to pay/buy directly some goods or services.
Once again the keyword in this story is "could", which means it doesn't really have to happen. It should also be noted that this percentage is based on address analysis, which is a very questionable methodology and does not actually produce realistic results.
Once again the keyword in this story is "could", which means it doesn't really have to happen. It should also be noted that this percentage is based on address analysis, which is a very questionable methodology and does not actually produce realistic results.
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Maybe that percentage is not accurate since we don't know how many bitcoin holders who already bought bitcoin at a low price. But I am sure that if people can use the chance to buy bitcoin when the price reaches $3000, they are now making a lot of money if they decide to sell now. I think many holders still waiting for bitcoin price to increase higher more than $10k so they will make a bigger profit. Besides that, I am sure the holders do not hold the bitcoin, but they are buying and sell bitcoin, especially if the price moves up and down.
In case a big percentage of the 61% holders will be listening to this suggestion then the market will really have a bloody disaster. But no, in my opinion, once a holder is always a holder (akin to once a priest always a priest dogma of the Roman Catholic Church?). Of course, as a rational thinking being, we should also be thinking about this option but since I am not a trader for now selling my Bitcoin can signal the end of my involvement with this "lucrative" industry. For the time being, I am holding (like the millions of other people) all because I am looking forward to the halving event this coming May 2020, and I am really crossing my fingers that this can never be another disappointment.
Well if you bought in January when the price was at $3000, you would have more than doubled your initial investment capital and you do not find
this very often with any other kind of investment. So, those pessimist that wants to point fingers at Bitcoin will have to swallow their pride and
agree with us that Bitcoin is a good store of value. People look at the short term volatility and then they base their opinion on that, where they
actually have to look at Bitcoin as a long-term investment. (forget for one moment that it is supposed to be a currency.)
this very often with any other kind of investment. So, those pessimist that wants to point fingers at Bitcoin will have to swallow their pride and
agree with us that Bitcoin is a good store of value. People look at the short term volatility and then they base their opinion on that, where they
actually have to look at Bitcoin as a long-term investment. (forget for one moment that it is supposed to be a currency.)
Not really, if you are one of the unlucky bunch who decided to purchase Bitcoin in 2017-2018's boom. You are currently in negative and will be unless BTC goes way above 20k. Although it is safe to assume a fair amount of those people must've sold their coins already, there should be some HODLers. Considering the former miners and people who gathered more than thousands of BTC spread among several ten-thousand addresses, it has always been more than 60-70% almost always.
I think it holds true for people who bought BTC earlier this year when BTC was traded below 4k, I dont think there ratio will be around 61%. Current reason is good for buying BTC but not much pay attention to this fact when market is down and out.
100% holder at 3000$ could sell with profit.
I don't think 61% is a reasonable nubmer, and it's just clueless.
what about people who bought at 20k, or 15k, because 15-20k is the range that they buy and sell so much. very big volume, and some of them might never take back half of invested money.
I don't think 61% is a reasonable nubmer, and it's just clueless.
what about people who bought at 20k, or 15k, because 15-20k is the range that they buy and sell so much. very big volume, and some of them might never take back half of invested money.
no one loses when he buys at a high price and doesn't sell it cheap, just as no one benefits if he buys cheap and then doesn't sell it at a high price, this is actually a personal decision where people have the right to make their own decisions, sometimes they have needs and needs for their lives so they have to sell it, usually they don't have another job to finance their lives so it depends on the funds invested in bitcoin so they have no choice to sell it, actually returning to each of the needs and needs of people selling it, if panic is more good go don't see the market, so bitcoin as a long term investment is quite more attractive than taking short term profits, just my opinion
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