It's because they have seen what has happened to Bitcoin's price since it was created, there are stories about people who became rich in few years just by holding Bitcoins, people who bought it really cheap and grew their patrimony like never before. Common people becoming millionaires with cheap investments, that is amazing. And it's disponible for anyone, doesn't matter how rich you are.
Before Bitcoin I had not seen any profitable "open" investment for the mass. There were the low profitable investments for everyone and the good profitable investments, but just for people with a considerable amount of money to start or profitable business opportunities, but only for people with a high budget.
And now people think what happened to BTC price before will happen again, so they are convinced to keep holding it on long term.
Topic: 67% of Bitcoin Holders Haven’t Sold It, 10% Want to Hold for 10 Years - Survey - page 2. (Read 450 times)
November 22, 2017, 01:00:51 PM
November 22, 2017, 12:58:57 PM
i'm waiting the day btc will pump at really juicy price. What people will do? sell their btc and make him dump?They will Wait btc reach 1mln? Really hard to say...
November 22, 2017, 12:48:40 PM
A survey recently completed by LendEDU—an online provider of student loan services—provides a wealth of information about the sentiment of the average person that has invested in Bitcoin. Out of the 564 American investors into Bitcoin that responded to the survey, 67% of them have not sold their investments at all.
Perhaps the most logical explanation for this phenomenon is that they’re holding onto their investment until they see the price of Bitcoin rise to such a level that they are satisfied with the return they would have on it. Things get clearer as we go over the survey’s data: If we can assume that this large number didn’t come out of the fact that a majority of the respondents were just throwing random numbers, then this means that Americans who invest in Bitcoin tend to be very optimistic about it.
Interestingly enough, more than 80 percent of these proud Bitcoin holders plan to continue holding onto their investment over a year from now. Over 10 percent have said that they would like to hold on for another ten years, suggesting that they are highly optimistic about Bitcoin’s long-term viability.
Last month, LendEDU also asked a thousand Americans about their awareness of ICOs, Ethereum, Ripple, and Bitcoin. After Bitcoin blew the $8,000 mark out of the water this week, it seems as if its popularity will continue to grow among younger investors and people who wish to possess a currency that—for the time being—grows continuously.
https://cryptovest.com/news/67-of-bitcoin-holders-havent-sold-it-10-want-to-hold-for-10-years-shows-survey/
Perhaps the most logical explanation for this phenomenon is that they’re holding onto their investment until they see the price of Bitcoin rise to such a level that they are satisfied with the return they would have on it. Things get clearer as we go over the survey’s data: If we can assume that this large number didn’t come out of the fact that a majority of the respondents were just throwing random numbers, then this means that Americans who invest in Bitcoin tend to be very optimistic about it.
Interestingly enough, more than 80 percent of these proud Bitcoin holders plan to continue holding onto their investment over a year from now. Over 10 percent have said that they would like to hold on for another ten years, suggesting that they are highly optimistic about Bitcoin’s long-term viability.
Last month, LendEDU also asked a thousand Americans about their awareness of ICOs, Ethereum, Ripple, and Bitcoin. After Bitcoin blew the $8,000 mark out of the water this week, it seems as if its popularity will continue to grow among younger investors and people who wish to possess a currency that—for the time being—grows continuously.
https://cryptovest.com/news/67-of-bitcoin-holders-havent-sold-it-10-want-to-hold-for-10-years-shows-survey/
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