I think The amount of unused Bitcoin which is now at its highest ever at 70%, shows that people who own it don't want to sell, even when the price goes up.
Bitcoin holders choose not to sell because the current price surge you're talking about is just the tip of the iceberg of the surge in price that the Bitcoin market will experience in the next year's market. Besides, selling now is just like giving away your BTC to BlackRock and other giant investment organizations that file for BTC spot ETF.
Topic: Bitcoin Holders Hesitant to Sell Despite Price Surge - page 2. (Read 582 times)
I wouldn't say that they are hesitant or what, perhaps majority of us has really mature, specially coming from the pandemic wherein Bitcoin stands out as one of the best assets to hold and be hedge against this kind of events.
So it only make sense for us to really hold and not sell anything and look for the long run. We are less than a year from halving, the catalyst for a bull run. So what's better to do is just to stay strong and focus and prepared for a new all time high in the future.
And there's a lot of time to accumulate, bull run is 2024-2025, so along the way you still make profits.
So it only make sense for us to really hold and not sell anything and look for the long run. We are less than a year from halving, the catalyst for a bull run. So what's better to do is just to stay strong and focus and prepared for a new all time high in the future.
And there's a lot of time to accumulate, bull run is 2024-2025, so along the way you still make profits.
For me, I think the halving is a major event all BTC enthusiasts are looking forward to. All long term investors must have anticipated this event and are HODLing long term till another bull season where it would be more profitable to liquidate some asset if need be.
The price of BTC right now is quite high and even if whale movements tend to want to affect the market season, it would hold little sway.
The halving will give a positive trend to the Bitcoin market because everyone is quite optimistic about the 4th Halving this time. The price of BTC right now is quite high and even if whale movements tend to want to affect the market season, it would hold little sway.
Despite some bad news, the price of Bitcoin has recovered and is now above $37k++, and if the trend continues to develop, the end of the year may reach $40k++.
Long-term holders have many opportunities to buy back, we know the current price is half the price of the last ATH.
If it is said that this is still a safe zone to buy, of course this is a good price assuming the ATH target will be reached $100k++.
Whales will not stay him, because they will manipulate to influence market prices to get the cheapest price.
Don't fight the whales, just follow the pace and get on the back of the Whales.
Bitcoin holders who have experienced the past halving and the market reaching its peak price doesn't tend to sell. We were able to experience these kind of market fluctuation happening mostly during the year end. December is approaching closer, and this will go even high. For everyone who is thinking to sell it isn't the right time. For traders it is good opportunity as we were able to see good fluctuation happening within specific range. For new users this market trend will trigger and some out of fear will sell earlier.
Cause there's no reason to. Most of the people who are hesitant to sell are either those who have bought bitcoin during its hey day in 2021 and are just biding their time until the next bull run, or those who have already bought bitcoin in the previous dips and are looking for more pumps to come. either way, it wouldn't be advantageous for them to sell this early since for one, there's no sign of bitcoin every stopping or dropping in value anytime soon, and another, to sell this early will mean taking in the losses and the small wins that they just got from this month's pump cycle.
So yeah, just cause the price is surging doesn't mean they'd sell so early. Crypto's a very tricky thing, and so is timing your buys and sells.
So yeah, just cause the price is surging doesn't mean they'd sell so early. Crypto's a very tricky thing, and so is timing your buys and sells.
These statistics are often one-sided and incomplete. While we know that there are addresses that haven't moved any BTC in the last year, there is no report how many % of those accounts are actually in profit because it's become a common occurrence to see a lpt of movement even from dormant accounts when the price of bitcoin is getting to or has surpassed a previous all time high and people begin to realize that bull traders are becoming exhausted. They would sell their BTC simply and take profits.
I can say that in every bitcoin halving that happens, bitcoin hodlers have also learned their lesson and would want better experiences with the next bitcoin halvings.
That's true, everyone has learned what comes next every halving. And this is not a secret anymore that we're going to get through the halving within 5 months from now. It is the reason why we're all holding because what we've seen in the past is what we're applying and not doing any stupid decisions from now on.Now, that the next bitcoin halving is set to happen by next year, then as much as possible they really want to maximize their preparation and hold their bitcoins as long as they want if its the only way they will gain life changing profits.
Yeah and even not maximum that we can get from it. As long as we get a decent profit from it is more than good from the past years that has passed. 
This is not really surprising as bitcoin holders would always want to achieve maximum profits if the market allows them. That is the reason why they invest in bitcoin and hold it for long term, not just to double or triple the profits, but if there are chances to increase the rate of their profits, they would be willing to take the risk and wait patiently until they end up with huge and satisfying amount of profits.
I can say that in every bitcoin halving that happens, bitcoin hodlers have also learned their lesson and would want better experiences with the next bitcoin halvings. Now, that the next bitcoin halving is set to happen by next year, then as much as possible they really want to maximize their preparation and hold their bitcoins as long as they want if its the only way they will gain life changing profits when the bull season has finally started.
I can say that in every bitcoin halving that happens, bitcoin hodlers have also learned their lesson and would want better experiences with the next bitcoin halvings. Now, that the next bitcoin halving is set to happen by next year, then as much as possible they really want to maximize their preparation and hold their bitcoins as long as they want if its the only way they will gain life changing profits when the bull season has finally started.
By unused, I believe you mean dormant, and that is how we refer to wallets that haven’t transacted in a long time. Do not forget that the owners of the wallets may not necessarily be intentionally waiting for let’s say when Bitcoin is $100k. They could have lost their private keys/mnemonic phrase and hence, the stagnation of the wallet.
For me, I think the halving is a major event all BTC enthusiasts are looking forward to. All long term investors must have anticipated this event and are HODLing long term till another bull season where it would be more profitable to liquidate some asset if need be.
The price of BTC right now is quite high and even if whale movements tend to want to affect the market season, it would hold little sway.
The price of BTC right now is quite high and even if whale movements tend to want to affect the market season, it would hold little sway.
You know that's individual's choice especially if the bitcoin hodler is up for something bigger and more profitable. Smart bitcoin investors do not compromise their profits if they decide to sell, but when they do, they make sure that those profits will be utilized well even if the highly desired profits fail to achieved. Most probably, bitcoin holders unable to decide well when it comes to selling because they know already the potentials of bitcoin, that its more ideal when left hodling as it attract more profitability in the making.
In general when any commodity gains in price, there will be much hodlers of such goods, the reason is because such holdlers mindset is that that particular commodity will keep appreciating in price, this is normal if it happens, they do this in case is this commodity eventually rise to a price that satisfies their curiosity, at this point they can sell a little and accumulate more too, this is attribute to Bitcoin market too, so many holdlers are not ready to sell now because they see it as a premature decision to sell, they still believe that bitcoin will still appreciate more in price no matter what, they just see this period as the beginning of Bitcoin upsurge and an opportunity to accumulate more.
It's because that we're about to see the halving in the next few months next year and that's why many are hesitating to sell their Bitcoins.
The effect of it is going to be greater and the price is believed to be higher than that when we're done with it. The cycle and the thought of what can happen next afterwards is what making most of us to hold a little bit longer and we're not willing to sell at any point, at least selling in bulk.
The effect of it is going to be greater and the price is believed to be higher than that when we're done with it. The cycle and the thought of what can happen next afterwards is what making most of us to hold a little bit longer and we're not willing to sell at any point, at least selling in bulk.
There's no point of hodling their bitcoin for long term if they suddenly sell when their price expectations are not met yet, except for unforeseen emergency cases that badly needs bitcoin profits so you have no choice but to sell it early. And I think as long as you sell for profits, then that's good to go. However, if there are no barriers to continue long term hodling, that would be better as you will surely reap the profits that you deserved.
With this, I see that most bitcoin hodlers these days have become more open to the possibility that bitcoin continue to appreciate its value in time. So the more years they will hold bitcoin longer, the more satisfying the income will be. Patience and persistency are the keys.
With this, I see that most bitcoin hodlers these days have become more open to the possibility that bitcoin continue to appreciate its value in time. So the more years they will hold bitcoin longer, the more satisfying the income will be. Patience and persistency are the keys.
There are some people who doesn't have lots of BTC or you can say they only have decent amount or small amount compared to those who have lots of Bitcoin. Reason that I can think of why some people doesn't want to sell or use their Bitcoin is because of transaction fees getting higher and other reason is they are looking for much higher price before they can sell for profit or use to buy something because I would also done the same.
HODLING is the key and now people are starting to understand that. They have learned from their past mistakes and now they are starting to believe. They have made up a plane and they are sticking to it. This really shows the dedication of hodlers. Despite the volatile market and many opportunities to grow their asset's value in the short term, they are now focusing on the long term after realizing the bigger picture and the potential hodling holds.
We need to learn from this. This is a great example of what a newbie should do. I am not suggesting that they should follow or copy them entirely. Instead, they can make up their own strategy based on this. Also, the halving event is coming near day by day and it is still not too late for us to accumulate more BTC and hodl. To the moon, we go. The bull run will bring a great opportunity for those strong Hodlers to finally pack some profit from their long hodlings.
We need to learn from this. This is a great example of what a newbie should do. I am not suggesting that they should follow or copy them entirely. Instead, they can make up their own strategy based on this. Also, the halving event is coming near day by day and it is still not too late for us to accumulate more BTC and hodl. To the moon, we go. The bull run will bring a great opportunity for those strong Hodlers to finally pack some profit from their long hodlings.
Hold tight, one of the main reasons why bitcoin raising continues. Assume most of the holders are holding Bitcoin for upcoming ETF news. They want to take advantage of the upcoming volatility for ETF approval. On the other hand, Bitcoin halving is quite near, and a massive pump is expected in this situation. Holders don't want to miss the train when Bitcoin starts bullish. Though I am expecting to buy in the $30K zone, I am not sure if it will reach those points.
Believe Bitcoin:
Before now, not many people believed in bitcoin as a currency. Rather many people jumped in to be early beneficiaries before the bubble will burst. So, those kind of people sell at any slight panic.
Understand bitcoin:
Before now, only a few people understand the things of bitcoin such as FUD, FOMO and they use these tools to manipulate the common people. But as the technology is advancing, many people are becoming aware of these manipulative tools and no longer fall for them.
I think The amount of unused Bitcoin which is now at its highest ever at 70%, shows that people who own it don't want to sell, even when the price goes up. This Bitcoin hasn't been used for over a year. Since Bitcoin reached its highest value in 2021, people who plan to keep it for a long time have shown they really believe in it, despite problems in the market and with the economy.
This data from Glassnode only shows the time span of holdings of these BTC, which ranges from 1 year to 5 years. But it was not said, or you might not have noted, that the data is only about holdings. What about those wallets that are forsaken by their owners, and some of them remain untouched because maybe their owners don't have access to the funds anymore? These two reasons would be considered valid for the answer of why they are not selling and when they are planning to book the profits.Because in 2021, when BTC was making its all-time high of 69,000 dollars, many people did not book, which might be because they had no access to their funds, or some might be thinking that BTC could touch $100k, or they could have any other target in their minds to achieve, and in order to get them, they did not book profit and exited the market, and then the market came down and they got stuck in it.
In my opinion, this is not a good approach because if you are planning to sell a thing where there will be fewer buyers to buy it due to its expensiveness, then you might face problems getting a legit buyer.
I think The amount of unused Bitcoin which is now at its highest ever at 70%, shows that people who own it don't want to sell, even when the price goes up. This Bitcoin hasn't been used for over a year. Since Bitcoin reached its highest value in 2021, people who plan to keep it for a long time have shown they really believe in it, despite problems in the market and with the economy.
Bitcoin Percent of supply Last active 1+ years ago
glassnode
Also the amounts of unused Bitcoin for two, three and five years have also reached their highest levels ever showing that these investors are staying strong. Even though Bitcoin's price went up a lot this year to $37,000, the owners don't want to sell it soon. Reflexivity Research thinks selling Bitcoin right away is not likely, even though it's worth more now. But when Bitcoin becomes available in new investment ways like ETFs and futures things might change and the situation might be different details
Bitcoin Percent of supply Last active 1+ years ago
glassnode
Also the amounts of unused Bitcoin for two, three and five years have also reached their highest levels ever showing that these investors are staying strong. Even though Bitcoin's price went up a lot this year to $37,000, the owners don't want to sell it soon. Reflexivity Research thinks selling Bitcoin right away is not likely, even though it's worth more now. But when Bitcoin becomes available in new investment ways like ETFs and futures things might change and the situation might be different details
That's good news, it means more and more people start to understand how Bitcoin works and they know what is coming next. But I guess this is also partly due to ordinals/brc20 token spam and enormous fees.
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