Bitcoin Hodlers are actively buying bitcoin these days - page 6.

jrrsparkles

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Quote from: Jawhead999 on June 15, 2022, 03:25:14 AM

This is why the rich get richer and poor get poorer, most of people who sold their coins are actually a middle or low class that invested most of his money and not use the amount that they can afford to lose. Since the Bitcoin price sudden decrease, this make them panic and they sold since they don't want to loss more. While the rich have a lot side money, the reason why they need buy Bitcoin is they're waiting until the bottom happen. $15K-$20K seems like the bottom based on the previous 2017/2018 history.

The real whales are waiting for this to happen, as I predicted the bitcoin will touch 20K mark we will see the people start accumulate as much as they can and this chart is proving the same thing as well. Again the haters started to say bitcoin is scam, ponzi, blah blah is on the social media but I don't know how long it will take for them to accept Bitcoin?... Roll Eyes

tadamichi

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Quote from: BitcoinHodler on June 15, 2022, 09:13:11 AM

Quote from: BlackHatCoiner on June 15, 2022, 09:05:21 AM

This is not what it shows. This image shows the number of addresses that have a balance greater than 1 BTC. This, by no means, should be translated to "people who now own > 1 BTC".

you didn't get the point.
the point wasn't to figure out the exact number of people who own 1 whole bitcoin. the point was the increase itself and this chart shows it very well.

at all times there are people who split their coins among multiple addresses but their numbers don't change that much, when we the slope of this chart increases it shows more people are reaching that target instead of more people splitting their coins among multiple addresses.

Yup, can confirm seems like Bitcoiners use these situations well. Every Bitcoiner i talked to stacked more sats, the only people that lost, used margin or didn’t hold their own keys. There’s definitely indicators that confirm this trend, even tho we can’t quantify how much exactly.

BitcoinHodler

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Quote from: BlackHatCoiner on June 15, 2022, 09:05:21 AM

This is not what it shows. This image shows the number of addresses that have a balance greater than 1 BTC. This, by no means, should be translated to "people who now own > 1 BTC".

you didn't get the point.
the point wasn't to figure out the exact number of people who own 1 whole bitcoin. the point was the increase itself and this chart shows it very well.

at all times there are people who split their coins among multiple addresses but their numbers don't change that much, when we the slope of this chart increases it shows more people are reaching that target instead of more people splitting their coins among multiple addresses.

BlackHatCoiner

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Quote from: BitcoinHodler on June 15, 2022, 03:18:12 AM

which shows how people who were struggling to reach 1BTC target are succeeding these days and are even surpassing that target heading to the next one.

This is not what it shows. This image shows the number of addresses that have a balance greater than 1 BTC. This, by no means, should be translated to "people who now own > 1 BTC".

Someone with 20 BTC can spare it in 10 different addresses and create 10 new UTXOs of 2 BTC each, but the owners of > 1 BTC will remain the same. Moving coins doesn't necessarily mean they're getting sold. Furthermore, coins that are sold, don't have to be necessarily moved into one address. One might have bought 1 BTC, split into 10 addresses.

tranthidung

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Quote from: ethereumhunter on June 15, 2022, 07:47:33 AM

True holders will always see an opportunity to buy bitcoin at this time, while others panic to see the price drop deep. They also won't buy all-in but will do DCA because DCA is a great strategy for buying bitcoins at many low price levels.

Actual bitcoiners, holders will take chances of dips, bloodbaths to load more Bitcoin for their portfolios. Bitcoin outsiders, observers will only watch and hope if they had chance, when they are witnessing a new all time high of Bitcoin. In fact, if they look back, they would see they were given many opportunities but skipped all.

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I heard the news that the FED will raise interest rates again, which could send the bitcoin price down even further. For that, we need to be prepared and don't forget to prepare your money to buy bitcoins at low prices.

We know the world economy is built on debt and inflation. The pandemic causes a new and worse thing, hyper-inflation for world economy. Basically, it does not change and governments keep printing more fiat to circulating supplies.

The market is just panic, extremely fearful and panic now. The coming news from FED is comparable to news (announcement) from World Health Organization in March 2020 about the pandemic. When bloodbath ends, panic wave completes, the market will be well again.

Minecache

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Many sharks are waiting these days, bear market is really our chance to get rich we will never get a good discount in a bull market. Many bitcoin predictions can still drop but don't hesitate buy it now, buy and hold. If bitcoin continues to fall, use DCA but if bitcoin goes up tomorrow then most likely we won't have the opportunity to buy cheaply anymore. As a smart investor should take advantage of this great opportunity, selling now means you have decided to give up the race.

ethereumhunter

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Quote from: tranthidung on June 15, 2022, 04:23:53 AM

True hodlers will take advantage of bloodbaths to stack more satoshis and Bitcoin for their wallets. It is one of good times to do it. Who knows where will Bitcoin bottom out? DCA in such massacres is a very good investment strategy.

If you want to wait, let's wait for news from FED in coming hours and if the market gives you lower price, take it.

True holders will always see an opportunity to buy bitcoin at this time, while others panic to see the price drop deep. They also won't buy all-in but will do DCA because DCA is a great strategy for buying bitcoins at many low price levels. I heard the news that the FED will raise interest rates again, which could send the bitcoin price down even further. For that, we need to be prepared and don't forget to prepare your money to buy bitcoins at low prices.

CryptoYar

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Whales taking advantage of this crash and buying again after selling at the top.

The only difference is whales have patience and small/new investors don't have patience they jump in, in FOMO. And when there is fear, they sell out.

while whales do the opposite they sell when everyone is in Fomo. And they buy when everyone is in Fear.

Quote from: hZti on June 15, 2022, 03:39:08 AM

~

As far as I know, exchange wallets aren't included in this chart.

Here's the link for Exchanges inflow/outflow If you want to take a look at it ===> Checkonchain.com

tranthidung

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Quote from: BitcoinHodler on June 15, 2022, 03:18:12 AM

the blockchain analysis shows that a lot of bitcoin hodlers are actively buying bitcoin and increasing their wealth by taking advantage of the current discount offered to them by the weak hands and their panic sells.
as we can see here the number of addresses that are holding more than 1 bitcoin is significantly increasing which shows how people who were struggling to reach 1BTC target are succeeding these days and are even surpassing that target heading to the next one.

True hodlers will take advantage of bloodbaths to stack more satoshis and Bitcoin for their wallets. It is one of good times to do it. Who knows where will Bitcoin bottom out? DCA in such massacres is a very good investment strategy.

If you want to wait, let's wait for news from FED in coming hours and if the market gives you lower price, take it.

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source of the pic is reddit

The original source is there: https://www.lookintobitcoin.com/charts/wallets-greater-than-1000-btc/ and there https://www.lookintobitcoin.com/charts/wallets-greater-than-100-btc/

BitcoinHodler

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Quote from: Oshosondy on June 15, 2022, 03:25:39 AM

If anyone is buying now, they should know that the price may still fall but they should continue to hold until they make profit and they should consider this as a long term investment.

people who buy bitcoin should never get greedy and think about possibility of a bigger drop. bitcoin history has proven that those who are greedy like this (wait for an even bigger drop to start buying) are taking a much bigger risk and usually are left behind when the reversal occurs.

the best strategy in bitcoin is to buy whenever there is a significant dip while ignoring other possibilities. specially if the price is still above a very strong support such as $20k

in any case the next target after having 1 whole bitcoin could be to become one in a million (meaning to own 21 bitcoin).

buwaytress

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All hail the power of DCA. Purchasing power today is more than 3x the strength of November. Critical week for the markets globally, surprise ECB meeting going on right now as everyone braces for a big rate hike from the US Fed.

I was expecting a bounce from $20k today but it seems the road to breaking through 2017 ATH will take a whole day if not week... if we don't see the bounce, we'll get panic like not seen in a long time.

Exciting and scary...

Franctoshi

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It's not so surprising to me for the increasing number of holders right now because Bitcoin is really cheap now and many individual investors and institutional investors that missed the last opportunity that creep BTC up all the way to $69k ATH wouldn't want to miss again and they have been waiting for this kind opportunity to come , Thus rush in to buy because they now understands what BTC is going to do in the coming years.

hZti

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Magic

Very interesting chart, even if maybe one part of the truth is also that many people send their coins to exchanges where the coins then will be put into the big storage addresses. So it is not necessarily a big HODLER that buys them, but actually be an exchange cold storage.

Oshosondy

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On the chart, I can see that the new was two days old already, bitcoin was $22600 on the chart, bitcoin price today is 20400. Some people may be buying actively, but the bear market is still not yet gone. People can buy now and hold for the next 3 years and make profit though. If anyone is buying now, they should know that the price may still fall but they should continue to hold until they make profit and they should consider this as a long term investment.

Jawhead999

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This is why the rich get richer and poor get poorer, most of people who sold their coins are actually a middle or low class that invested most of his money and not use the amount that they can afford to lose. Since the Bitcoin price sudden decrease, this make them panic and they sold since they don't want to loss more. While the rich have a lot side money, the reason why they need buy Bitcoin is they're waiting until the bottom happen. $15K-$20K seems like the bottom based on the previous 2017/2018 history.

BitcoinHodler

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HODLing is an art, not just a word...

the blockchain analysis shows that a lot of bitcoin hodlers are actively buying bitcoin and increasing their wealth by taking advantage of the current discount offered to them by the weak hands and their panic sells.
as we can see here the number of addresses that are holding more than 1 bitcoin is significantly increasing which shows how people who were struggling to reach 1BTC target are succeeding these days and are even surpassing that target heading to the next one.

source of the pic is reddit

Topic: Bitcoin Hodlers are actively buying bitcoin these days - page 6. (Read 1155 times)