Topic: Bitcoin Holders Hesitant to Sell Despite Price Surge (Read 559 times)
That's what you call an investment strategy. Each bitcoin investor has their own investment strategy, some are selling now, some are holding back on selling because they think it is too early for them to sell their Bitcoin. When you think that the price of Bitcoin is currently rising, some people think that this is not a real bull market, especially for long-term investors, they tend to hold onto their Bitcoin for the next few years to get maximum profits.
We all have our own reason why we hold or sell our crypto, and for those who choose to hold it maybe they are waiting for much bigger picture.
Halving is just a couple months away so maybe it is their reason why they choose to hold it instead of taking their profit when the price increaased.
Halving is just a couple months away so maybe it is their reason why they choose to hold it instead of taking their profit when the price increaased.
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.
The bitcoin market had a pretty good year so far recovering most of their losses from 2022, but why should be people selling now? It’s no really like the end of the bull run is around the corner. I would say that most HODL investors have been in the market for many years and if they didn’t sell their coins for 40,000 USD at the start of 2022, why should they be selling now? Also, we are still far away from the old ATH and with the halving coming up next year people are very optimistic about the next price jump. Just because many people hold Bitcoin these days, doesn’t mean all of them should be selling their coins as soon as the market moves up 30-40%. It also depends on if any of the investors actually need money at the moment, or if they have another investment opportunity where they could reinvest their profits. Selling your bitcoins without knowing where to put the money seems like a bad idea, because inflation is still high in many countries and will reduce the value of cash over time. Personally, I am not going to sell any of my coins this year and will keep holding them at least until the halving next year.
I feel like it's a personal thing that changes from person to person, but at the same time I believe that we need to look at what the market does overall as well. Like if a person who has 10 btc ends up selling 5 of them at 60k, that's fine and that's personal, but if the price still keeps going high, that means most of the people do what he did. This is why I believe that we should consider the situation a bit more market oriented for our own calculations and not what one person would do.
This means that I believe price is going up, and people are seeing it going up, and that is why I believe that it looks like we are going to end up with something that will do a lot better, it will definitely get a lot better on the long run. I hope that we could see the situation grow a lot better and bigger, so that will definitely turn into something that may end up getting to a crazier level, and should end up with a "why would I sell when it's going up more and more" type of deal.
Yes, you are right. That is why in making a decision, a person must be able to see the situation and conditions that are currently occurring. He should not decide just because of his ego or desires. He must analyze first when he should be able to sell his Bitcoin or still hold it. Some people only sell 2 BTC out of the 10 BTC they have because they think that the price of Bitcoin will continue to rise. That's also okay because he definitely had his considerations before deciding.This means that I believe price is going up, and people are seeing it going up, and that is why I believe that it looks like we are going to end up with something that will do a lot better, it will definitely get a lot better on the long run. I hope that we could see the situation grow a lot better and bigger, so that will definitely turn into something that may end up getting to a crazier level, and should end up with a "why would I sell when it's going up more and more" type of deal.
Bitcoin prices will rise in the future. So people are free to make their choice, whether to sell their Bitcoin in the next bull run or continue to hold Bitcoin for the long term. And that is also what Bitcoin Hodlers who have held their Bitcoins for a long time will do. These people will probably still hold Bitcoin for the long term.
A person will do what they think is best and that is their choice. We also have our own choices. But first, we have to analyze everything before deciding so that we don't make a mistake in making a decision.
Those who are basically savvy investors never plan to sell bitcoins when they see the price rise. We saw that in 2021 when the Bitcoin market reached its peak, many investors held on to Bitcoin without selling it just looking to their future. Accordingly, I think that if the price of Bitcoin continues to increase significantly, many investors will refrain from selling it and instead hold it for higher levels. Even though the market is volatile at times, they do not panic and are not impatient and patiently hold on to the bitcoins. And investors who are currently buying and holding Bitcoin are only holding onto their money in anticipation of a massive bull market ahead. I think when the bitcoin market reaches its peak these investors will hold on to get double profits from it just for ATH in the bitcoin market.
There is a data that showed how many hardware wallets are been bought since FTX collapse, it's massive in number and that shows that people are finally learning, it's also why Binance issue with the CEO never affected the price of Bitcoin, this is just the beginning, people now seem to understand Bitcoin now than before.
The problem is that people rushed to buy hardware wallets when FTX collapsed but how many people use it so far? The market is entering a bullish phase and is very exciting, people are constantly trading to find profits, otherwise they would use centralized exchanges. How do they make profits as traders without using exchanges? Some of my friends all bought hardware wallets after FTX collapsed, but they are trading on exchanges, I don't think they are still using hardware wallets.
CZ resigns or is charged with money laundering, what does this have to do with bitcoin? Furthermore, Binance is still operating normally and has never collapsed and robbed people of their money as FTX did. So I don't think this will have any negative impact on bitcoin and the market.
Why should they sell? If they bought the bottom they should hold and we are in the bear market right now, it's accumulation phase and investors have gotten smarter than the past years, they know better now.
There is also strong confidence from investors, if ETF wants Bitcoin then its something worth buying and holding, I believe this is how many new Bitcoin investors must have feel.
There is a data that showed how many hardware wallets are been bought since FTX collapse, it's massive in number and that shows that people are finally learning, it's also why Binance issue with the CEO never affected the price of Bitcoin, this is just the beginning, people now seem to understand Bitcoin now than before.
There is also strong confidence from investors, if ETF wants Bitcoin then its something worth buying and holding, I believe this is how many new Bitcoin investors must have feel.
There is a data that showed how many hardware wallets are been bought since FTX collapse, it's massive in number and that shows that people are finally learning, it's also why Binance issue with the CEO never affected the price of Bitcoin, this is just the beginning, people now seem to understand Bitcoin now than before.
Well if you are a big player and holds a lot of bitcoin you pretty much control the price of bitcoin. Imagine some whales that have a lots of bitcoin holdings and they are just relax knowing they can make the market moves based on their action is like an advantage to them. If they hoard pretty sure the price will surge only retailers will be affected by some pump and dump but they know if theres a massive movement going on. Also being a pie holder of chunk of btc you need to sell slowly and by parts not to torment the market by a single drop.
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 has yet to reach a new ATH, why would anyone sell right now? You could make a few thousand dollars but at the same time there is the risk to miss the actual bull run, and what are you going to do in that case? Is it worth to take such risk? For me, no, it isn't. If and when bitcoin will make a new ATH then we'll see.
Maybe because this price surge is just half of the last ATH so they really can not care enough to sell right now when they know that there is a possibility that they can profit more if they just wait just a little bit more then they will get more profit and combining that with the halving that is coming next year, I am sure that those factors are what is making people continue holding on to their bitcoins, it is more likely that people are buying more right now to increase the amount they are currently hoarding. I would not say that these people that you are talking about are hesitant to sell, maybe they just have a target price or that they do not like this price to sell because of the possibility that it will go up even more before going down.
We don't know if most people who own Bitcoin will not sell Bitcoin and still hold it for a long time. But that's different from people who want to make huge profits from Bitcoin. They will sell most of their Bitcoins and keep the rest. They will buy Bitcoin again when there is a big correction after the price reaches its peak price.
If you, for example, have had less than 10 BTC for a long time and held it until the price reached $60k, maybe you would sell 5BTC to convert it into fiat. You can have big profits while you still have BTC left. Meanwhile, you can buy Bitcoin again when the price drops drastically, as we have seen.
Currently, people are waiting for a new ATH of Bitcoin and it is above $60k so they can sell it and get the profits. And they also do the same thing in altcoins that can rise high. They will also buy Bitcoin again if the price drops drastically because that can increase the amount of Bitcoin more than before because they have already made a big profit. Each person will have a plan to sell their Bitcoin or still hold Bitcoin.
I feel like it's a personal thing that changes from person to person, but at the same time I believe that we need to look at what the market does overall as well. Like if a person who has 10 btc ends up selling 5 of them at 60k, that's fine and that's personal, but if the price still keeps going high, that means most of the people do what he did. This is why I believe that we should consider the situation a bit more market oriented for our own calculations and not what one person would do.If you, for example, have had less than 10 BTC for a long time and held it until the price reached $60k, maybe you would sell 5BTC to convert it into fiat. You can have big profits while you still have BTC left. Meanwhile, you can buy Bitcoin again when the price drops drastically, as we have seen.
Currently, people are waiting for a new ATH of Bitcoin and it is above $60k so they can sell it and get the profits. And they also do the same thing in altcoins that can rise high. They will also buy Bitcoin again if the price drops drastically because that can increase the amount of Bitcoin more than before because they have already made a big profit. Each person will have a plan to sell their Bitcoin or still hold Bitcoin.
This means that I believe price is going up, and people are seeing it going up, and that is why I believe that it looks like we are going to end up with something that will do a lot better, it will definitely get a lot better on the long run. I hope that we could see the situation grow a lot better and bigger, so that will definitely turn into something that may end up getting to a crazier level, and should end up with a "why would I sell when it's going up more and more" type of deal.
I have a very generic response to this as why would they sell? They are long term investors and hodlers they have fixed set of Target in their mind and no way they are gonna sell it before achieving that and it's not these 20% or 50% target which we set for long term rather a calculated one based on growth. We have seen people towards their pension scheme or stocks for decades to retire with ample amount of money and same logic applies here as well. Suppose a person bought 5 Bitcoin before 2015 at the price of $1k each and he sold one at 2017 bull run around ,$22k and another when bitcoin hit $69k in the recent bull run. They are financially good and looking for certain pumps and profits which they have incurred in the past.
It doesn't make sense that they're going to sell at this price don't you think even if they've set a price that they will, they would probably be thinking twice of selling now because the price will only be going up, that is unless they're expecting a black swan event and they want to get in there so they can get more bitcoin value before the price finally does it's bull run thing and reward the hodlers. Unless they spent those money that they've got from their bitcoin profit, I don't see them being well off from those money because they're probably have other expenses too and depending on what country they're from that profit might not last a long time. 
It's true that many people sell Bitcoin during a bull run, which typically happens after the halving every four years cycles ... like in 2013, 2017, and 2021. If this cycle continues, a lot of folks should be holding onto their Bitcoin until 2025. There's still over a year left to confirm whether this cycle is still in play or if it's done for.
Looking at the current charts, it seems like people have been waiting for a significant moment for about a year or even more. The confidence among Bitcoin holders appears to be high, so this could be a benchmark for us to stick with the flow and keep HODLing for another two years.
I think there are definitely people who sell BTC, but I think most people still hold Bitcoin and hold it, because according to history Bitcoin always makes a new ath in every bull run and in 2021 the price of BTC during the bull run touched the price range of $69k so if people those who know the history about btc will definitely hold strong on btc until the next bull run and will sell above $69k.
and I myself am still holding BTC and holding it, especially since in 2024 there will be a BTC halving, so at this time it doesn't make sense for me to sell BTC even when there is a price increase, because the current BTC price I think is still cheap and so do I. I'm sure many people agree with me on this matter. and if it were sold now, I'm sure there would be a lot of fomos when after it was sold,
BTC rises even higher.
But holding BTC is also of course risky, because price movements are difficult to predict and of course every BTC investor has their own analysis. So in this case it depends on each investor, whether they want big profits or small profits, of course if they want big profits then the risk is greater, but if they want small profits the risk is also very small.
and I myself am still holding BTC and holding it, especially since in 2024 there will be a BTC halving, so at this time it doesn't make sense for me to sell BTC even when there is a price increase, because the current BTC price I think is still cheap and so do I. I'm sure many people agree with me on this matter. and if it were sold now, I'm sure there would be a lot of fomos when after it was sold,
BTC rises even higher.
But holding BTC is also of course risky, because price movements are difficult to predict and of course every BTC investor has their own analysis. So in this case it depends on each investor, whether they want big profits or small profits, of course if they want big profits then the risk is greater, but if they want small profits the risk is also very small.
I have a ladder sale set for.
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I'm curious about your previous Bitcoin buying price, why did you set a selling price which I could say was in the bullrun area up to Bitcoin's previous ATH. Are you not going to hold until BTC can surpass the previous ATH?
Yes, even if we sell at the price you mentioned, if we own or buy BTC when the price is in the range of 15-16K in large quantities, we can still make very large profits.
I have a ladder sale set for.
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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.
Exactly this is not a big deal. We all know that Bitcoin investors always believe in Bitcoin. They always try to get a maximum profit from their investment. I am a also a little holder of Bitcoin and I am holding my amount because I believe that Bitcoin will definitely cross $100K or even more. But I have set my mind that I will sell my holding above 100k and I am sure Bitcoin will cross 100k.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.
Regarding halving so we have seen in the past after halving many predictions are saying that Bitcoin will cross all time high. But still we have some big news coming means I am talking about the approval of Bitcoin spot ETF. And we still have the time to buy and hold.
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.
Whatever is happening right now is because a lot has been learned since the 2017 and 2020 halving events. So, in the event that more people are looking to hold their bitcoins than sell them now,
There are also others who, apart from holding bitcoins for the long term, also trade in other cryptocurrencies to make a profit somehow. And this is also a good result that many of us have learned in the past.
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 basically has to do with believe and what you’ve learnt from the market over the years. We are still in the early stage where buying is at its peak for the anticipation of upcoming bull run. Rushing to sell now is not ideal and no bitcoin guru that have had understanding of the market and witnessed the previous bull run will rush to sell.
Bitcoin reached a all-time high price of $69K in 2021, many predictions and past events has made it an acceptable fact that bitcoin will surpass its former all-time high after the halving, so why rushing to sell when you’ve not yet maximised the profit of your investment? No one will advise anyone to sell their bitcoin holdings now because of the price forecast we are all aiming at.
If it becomes necessary to sell, it will just be a part of it and not all that will be sold in order not to miss out all on everything. This is just the beginning of the hype, we will experience more demand for bitcoin now until after a bull run has taken place which is being anticipated in 2025 or so.
I can't read other people's minds but if some are thinking like me and many others, why should we be selling at such a cheap price? Why should we be selling at a certain point when you can't possibly be bearish?
Whether it's actually good or bad, the entry of influential giants in global finance is starting to happen, and that means huge additional demand, which further means a rise in the price. Adoption is accelerating. And then there's also the halving of the block reward in April next year. That's deflating the new supply, which drives up the price as demand is growing.
Selling at $37,000 is shortsightedness. That could mean you'll buy back at a much higher price.
Whether it's actually good or bad, the entry of influential giants in global finance is starting to happen, and that means huge additional demand, which further means a rise in the price. Adoption is accelerating. And then there's also the halving of the block reward in April next year. That's deflating the new supply, which drives up the price as demand is growing.
Selling at $37,000 is shortsightedness. That could mean you'll buy back at a much higher price.
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.
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.
Investors who didn't sell their Bitcoins are not only they believed in Bitcoin but also they are the ones who can't sell because they bought at $60k price in 2021. I was shocked when I see that 70% of Bitcoin supply were not moved. Possibly, when the price create new ATH there will be a massive dump of price. I believe that lot of them can't wait to sell their Bitcoin.
I am still surprised that the Binance drama failed to dump the market, not even a slight move to the down side, that's crazy and also bullish
I believe people are aware that there will be terrible news that will force them to sell their Bitcoins, but since they believe in ETFs and the approaching halving that will help the price to rise, they will not sell. 
they don't hesitate to sell but they have a target above 60k$ to sell their bitcoin . for now the price is not much unless people who bought when btc was at 25k$ have reaped the rewards of their patience, keep holding on until the new ATH because everything will be satisfying
Even people who when the price was $25k won't want to sell at this point. Everybody is speculating a bull run soon, some are even speculating a new ATH after the halving, so selling now won't be a wise decision when they can make more profit.
If the bull run has already started, as so many people believe imagine how high it gets from now till the next halving.
I believe that Bitcoin has gotten more trust among its owners, but I don't believe trust alone is the reason for this. People are looking ahead to how much profit they can make if they don't sell now. Besides, the price is climbing so there's no reason to panic. We'll see the real trust when the price is dipping.
The simply understand the value of Bitcoin, mind you it depends on what is going on with the holders, some people won't be able to hold for too long because everyone has their problems, it won't hurt to take profits when the price is surging, people need to survive for sure and those who have held for long term are in good shape, something good is already going on for them I believe, I mean you can't be facing hunger and holding something valuable somewhere, you aren't doing it wrong if you take some part of your profits.
I am still surprised that the Binance drama failed to dump the market, not even a slight move to the down side, that's crazy and also bullish, but I am not too confidence that the pain is over, because I don't trust anyone craving for absolute power, and this is what those companies wanting the ETFs approval are after, things will change so much for crypto in the future, the opportunities won't be that much anymore compare to today.
I am still surprised that the Binance drama failed to dump the market, not even a slight move to the down side, that's crazy and also bullish, but I am not too confidence that the pain is over, because I don't trust anyone craving for absolute power, and this is what those companies wanting the ETFs approval are after, things will change so much for crypto in the future, the opportunities won't be that much anymore compare to today.
That's the way to go. Trust is needed so that we can HODL. Bitcoin is still far from it's ATH price.
This might be one reason why many people are holding it strong because they don't want to sell it below the ATH price.
In one way it's good because this we can reach the ATH price quicker. We all want BTC price to skyrocket.
This might be one reason why many people are holding it strong because they don't want to sell it below the ATH price.
In one way it's good because this we can reach the ATH price quicker. We all want BTC price to skyrocket.
they don't hesitate to sell but they have a target above 60k$ to sell their bitcoin . for now the price is not much unless people who bought when btc was at 25k$ have reaped the rewards of their patience, keep holding on until the new ATH because everything will be satisfying
That's true people have set their target therefore they don't sell their bitcoin until the time comes when they achieve their target. If someone buy bitcoin at 69k$ then definitely he will wait for bitcoin to cross this price once again and the price of 37k$ is very small as compared to 69k$. No one hesitate but its a matter of profit and people buy bitcoin only due to their hope for getting more so when they see dip in price then there will be no point of selling for them as target achieving require huge timing.
This time is not good for selling your bitcoin even the price is higher because we cannot miss the opportunity to reap the benefit from bitcoin investment during halving. Those who sell their bitcoin now will either need their money urgently or will be unaware of coming Bull run otherwise this is a big mistake to sell bitcoin now.
most, if not all, long-term investors invest in bitcoin
bitcoin has proven itself in terms of value and we are confident that it’s still going to incline in the next few years, nothing wrong with holding btc in fact most people would recommend for beginners to have a long-term outlook when investing in bitcoin
patience is definitely a virtue one should have in investing especially if you plan on investing for the long-term
bitcoin has proven itself in terms of value and we are confident that it’s still going to incline in the next few years, nothing wrong with holding btc in fact most people would recommend for beginners to have a long-term outlook when investing in bitcoin
patience is definitely a virtue one should have in investing especially if you plan on investing for the long-term
They're not happy with the profits if they are going to sell now, that's why. People are always greedy, and there's nothing wrong with that since there's another all time high coming, we just don't know when. Also, there's no need to sell your bitcoin holdings if you don't need it for something, unless it is very important and you need extra money. Other than that, I don't see why people should sell their Bitcoin holdings just because the price pumps.
maybe they see that now is not the right time to sell their bitcoin because now it is just a normal bull trend that is not yet strong, so they hold back and wait for the right time to sell their bitcoin to the market. moreover, the prediction that Bitcoin will increase drastically and could pass its ATH in the upcoming halving is enough to make people optimistic that waiting is the right decision for now.
Why sell right away if the price is expected to break the current all-time high? We hold Bitcoin with the anticipation of significant returns, so selling when the market is already bullish is not advisable. We aim for a more substantial price pump, akin to what occurred in the past during the bull run. Selling prematurely could result in missed opportunities.
Currently, it's evident that the market is bullish, with Bitcoin hovering around $30ish and potentially breaking $40k soon. Patience is crucial, especially for those who have held their Bitcoin through the deep correction after the 2021 bull run.
The all-time high is around $65k. If we adopt a conservative investment approach, selling at least at $100k per 1 BTC would be a prudent strategy.
Currently, it's evident that the market is bullish, with Bitcoin hovering around $30ish and potentially breaking $40k soon. Patience is crucial, especially for those who have held their Bitcoin through the deep correction after the 2021 bull run.
The all-time high is around $65k. If we adopt a conservative investment approach, selling at least at $100k per 1 BTC would be a prudent strategy.
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.
People who own bitcoins so far and are refusing to sell are doing so because they understand that shortly, the value of bitcoins will increase even more than whatever current price it raises in value to, so patience is what they are practicing, not responding to the emotional pressure to sell when the value goes up. These are the people you call strong hodlers because they have a target and will not be affected or forced to change their minds. Check out, you will discover that most of the bitcoin hodlers who sell easily are the hodlers that are not emotionally strong. The fact that they always respond to volatility, makes them not to be good hodlers.
I couldn't agree with holding Bitcoin forever but yes, that will totally depend on the holder's view about crypto. They have been held till now for some reason and probably they are certain of their plan. As the years pass by, most of us have learned already that investing in Bitcoin never gives us profit right away and so they are holding even though the surge has come already as they want more.
And the fact that we can't force them to sell, we have nothing to do about it. Anyways, their action will result in something whether it is good or bad but most of the time holders get more money than losing.
And the fact that we can't force them to sell, we have nothing to do about it. Anyways, their action will result in something whether it is good or bad but most of the time holders get more money than losing.
Why they need to sell their coins in the first place when they don't need money in urgent and they're not a kind of trader? they will continue to hold because they're make money through other ways, but Bitcoin is used as a store of value because there's no currency can be trusted except Bitcoin.
Fiat suffer inflation and banks are bankrupt, while Bitcoin remains secure.
Fiat suffer inflation and banks are bankrupt, while Bitcoin remains secure.
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.
This is not a season to sell, we should rather be ready to hodl the more in waiting patiently for the appropriate time when the market becomes more favourable for sell, this is still under accumulation period to hold, we have next year halving coming soon which will followed by bullrun and the market will be more volatile and fast rising, we are all having our targets on the next all time high for the market to serve us an avenue to sell at a profitable time.
The current price surge is too small to be seriously considered for selling. The real sell will begin after around 60K, and probably before that point , two or even three dips will occur, IMHO,
Moreover, one cannot exclude 2016-year-scenario when the price plummeted by up to 40% just before the halving. If we project this to the upcoming year, then such plunge might be expected in February - March period.
Moreover, one cannot exclude 2016-year-scenario when the price plummeted by up to 40% just before the halving. If we project this to the upcoming year, then such plunge might be expected in February - March period.
We don't know if most people who own Bitcoin will not sell Bitcoin and still hold it for a long time. But that's different from people who want to make huge profits from Bitcoin. They will sell most of their Bitcoins and keep the rest. They will buy Bitcoin again when there is a big correction after the price reaches its peak price.
If you, for example, have had less than 10 BTC for a long time and held it until the price reached $60k, maybe you would sell 5BTC to convert it into fiat. You can have big profits while you still have BTC left. Meanwhile, you can buy Bitcoin again when the price drops drastically, as we have seen.
Currently, people are waiting for a new ATH of Bitcoin and it is above $60k so they can sell it and get the profits. And they also do the same thing in altcoins that can rise high. They will also buy Bitcoin again if the price drops drastically because that can increase the amount of Bitcoin more than before because they have already made a big profit. Each person will have a plan to sell their Bitcoin or still hold Bitcoin.
If you, for example, have had less than 10 BTC for a long time and held it until the price reached $60k, maybe you would sell 5BTC to convert it into fiat. You can have big profits while you still have BTC left. Meanwhile, you can buy Bitcoin again when the price drops drastically, as we have seen.
Currently, people are waiting for a new ATH of Bitcoin and it is above $60k so they can sell it and get the profits. And they also do the same thing in altcoins that can rise high. They will also buy Bitcoin again if the price drops drastically because that can increase the amount of Bitcoin more than before because they have already made a big profit. Each person will have a plan to sell their Bitcoin or still hold Bitcoin.
they don't hesitate to sell but they have a target above 60k$ to sell their bitcoin . for now the price is not much unless people who bought when btc was at 25k$ have reaped the rewards of their patience, keep holding on until the new ATH because everything will be satisfying
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
Long term Bitcoin investors are matured hodlers that have plans with timelines. Most of them are not moved by FUD to dispose of their coins. They only sell when the price gets to their targeted price. $37,000 is a good price but I predict that the price of Bitcoin will exceed at least its ATH price, so there is still more ground to cover. Isn't that somewhat expected? Mass consensus is that we're going to have a bull run around the halving event + the potential ETF approval. So of course most people wouldn't be selling this time around.
I have not experienced any bitcoin halving but from what I have read so far this one looks unique because it might coincide with the approval of ETF. Most investors are expectant that next year has a better prospect for Bitcoin and this might be why the market didn't react to Binance's sanctions and Changpeng Zhao's guilty plea. 
As much as these statistics express “diamond hands,” they indicate that investors still believe that the current price does not reflect the true value of Bitcoin, and there is a possibility that its value will increase with the passage of time, and these investors may start selling randomly whenever they lose hope that Bitcoin will rise, and this Concerns could escalate if Bitcoin does not rise to the levels of $100,000 or any price above $70,000 before the end of the year.
Glassnode statistics may give an impression of the general price trend, but they are not useful in predicting the value of Bitcoin.
Glassnode statistics may give an impression of the general price trend, but they are not useful in predicting the value of Bitcoin.
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
Bitcoin Percent of supply Last active 1+ years ago
It is not about believe, I would say but they are actually looking at the profit. The easiest way to get profit from bitcoin is to hold for long time and that’s why the bitcoin in some of these wallets are not moved. I will tell you that even if we enter bull run and get a new bitcoin ATH some wouldn’t sell still. Because the funds used to accumulate the bitcoins are not just funds they need now and that’s why even with the economic problem they still weren’t tempted to sell.
With just 5 months or so left to the halving I doubt we will see much of bitcoin been sold. The only time I am expecting people to sell before bull run is of the ETF gets delayed or postponed again by the SEC because there some few new holders that have short time target believe it will be reach with just ETF approval and should it get delayed then they will pull out
The holders now understand that long-term is the way to go because with short-term they can earn 1x to 2x profit from their investment but with long run there potential of profits are in 10x's and that's what most of the investors and holders are expecting to get.
Bitcoin has reached way higher value over the past decade and now people believe that within next 10 years Bitcoin could go to so huge values that's beyond imagination of many people. Some expect Bitcoin will reach $1 Million or more in this decade while most believe that Bitcoin has potential to go beyond $1 Million per coin during those 10 years.
I personally think that Bitcoin can easily cross $1 Million value even within 7-8 years and if that happens then the holders who bought Bitcoin at $20k would make more than 50x of their investment which sounds really amazing I guess. The holders also have such beliefs and that's why they will hold their coins for much longer periods in order to have better profits.
Bitcoin has reached way higher value over the past decade and now people believe that within next 10 years Bitcoin could go to so huge values that's beyond imagination of many people. Some expect Bitcoin will reach $1 Million or more in this decade while most believe that Bitcoin has potential to go beyond $1 Million per coin during those 10 years.
I personally think that Bitcoin can easily cross $1 Million value even within 7-8 years and if that happens then the holders who bought Bitcoin at $20k would make more than 50x of their investment which sounds really amazing I guess. The holders also have such beliefs and that's why they will hold their coins for much longer periods in order to have better profits.
I followed that guide before. Back in the 2017 and 2021 peaks and I noticed that if you relied on those graphs you would of sold way too early.
Most likely if we hit ATH those graphs will start to reverse but price can still keep going up. So you can’t really use that as a guide. It’s an interesting observation but not a good technical analysis to trade on.
Most likely if we hit ATH those graphs will start to reverse but price can still keep going up. So you can’t really use that as a guide. It’s an interesting observation but not a good technical analysis to trade on.
I have a very generic response to this as why would they sell? They are long term investors and hodlers they have fixed set of Target in their mind and no way they are gonna sell it before achieving that and it's not these 20% or 50% target which we set for long term rather a calculated one based on growth. We have seen people towards their pension scheme or stocks for decades to retire with ample amount of money and same logic applies here as well. Suppose a person bought 5 Bitcoin before 2015 at the price of $1k each and he sold one at 2017 bull run around ,$22k and another when bitcoin hit $69k in the recent bull run. They are financially good and looking for certain pumps and profits which they have incurred in the past.
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.
This is not entirely correct.Let me put it this way, imagine you earn $2 (two 1 dollar bills) but only spend $1 and keep the other. That doesn't mean you didn't spend your money. That means you only spent what you wanted to spend.
In a lot of cases in bitcoin, this is what's happening. For example I own some coins I have not touched ever since 2014, didn't even claim the shitcoin airdrops. That doesn't mean I have never spent or sold my bitcoins. I have other coins too, for example I got some a couple of days ago and if I want to spend/sell some I would spend/sell those not the ones from 2014.
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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.
The same. People who have bought bitcoin, do believe in its long term potential but when there is economic hardship they don't have to dump all their stash. They can sell some to cover their costs and keep the rest.In any case, people are always going to keep more bitcoin than they spend/sell because in the long run the price is guaranteed to rise, this is not just because of bitcoin's potential but also because "price" is measured in fiat terms and fiat is super inflationary thanks to constant printing of it.
Isn't that somewhat expected? Mass consensus is that we're going to have a bull run around the halving event + the potential ETF approval. So of course most people wouldn't be selling this time around.
This is a matter of trust because this trust makes us think further, and have confidence that in the future the price of Bitcoin will be much higher and also more profitable.
And I think that currently many holders think intelligently about Bitcoin and even though it is profitable, they are not satisfied with profits that are only 2x or 3x. Because Bitcoin can provide 5x or even 10x profits if you have the patience and strong belief to do it, because you learn from experience not to be too hasty.
And as we know, we will face the next halving, and this can be said to be the beginning of an even higher rise.
And I think that currently many holders think intelligently about Bitcoin and even though it is profitable, they are not satisfied with profits that are only 2x or 3x. Because Bitcoin can provide 5x or even 10x profits if you have the patience and strong belief to do it, because you learn from experience not to be too hasty.
And as we know, we will face the next halving, and this can be said to be the beginning of an even higher rise.
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.
The conclusion does not follow from the premise. The Bitcoin price, as you say, peaked in 2021 and a lot of people did not sell because all predictions gave a much higher price for the cycle. Now most holders are not selling because we are at the first steps of a bull market and it is not logical to sell now if you expect that in a year or two the price will be 5 times higher than now. That has little to do with "really believe in it" and more to do with a profit maximization calculation.
I think the crypto users have started understanding the potential of Bitcoin and they very well understand, that the current price level is just the beginning of the bull cycle. Probably that's the reason they do not want to caught up in FOMO just yet.
During the last bull cycle, Bitcoin reached upto 69k USD. The current price level is nowhere near it. So there's a lot of room to grow. It doesn't make sense to give up on the hope just yet. Also another halving is imminent.
During the last bull cycle, Bitcoin reached upto 69k USD. The current price level is nowhere near it. So there's a lot of room to grow. It doesn't make sense to give up on the hope just yet. Also another halving is imminent.
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
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