Topic: How long do you hold your bitcoins? - page 2. (Read 2232 times)
I plan to hold until Bitcoin is fully adopted as online currency or dead. It's kinda lottery ticket stuff that way, losing never hurts
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It's all fun and games until somebody loses an eye
I know this might be hard to estimate, and the numbers are skewed by the small history of bitcoins, and the choices are rather granular, but I thought this might be useful.
What I am looking for is the velocity of bitcoins through us. By knowing the velocity of a typical user, we can then estimate what effect adding more users will have.
Think of your entire history with bitcoins, try to roughly estimate the length you held an average bitcoin from the time you received it to the time you spent it.
For example:
- if you send all your bitcoins immediately to an exchange to sell or when you buy something with bitcoins you buy just enough for that purchase, then you would pick "1 hour"
- if you mine bitcoins and once a week send all your earnings to an exchange and cash out, then you would pick "1 week".
- if you bought 2 bitcoins a couple months ago, spent one immediately and are still holding the other, then you would pick "1 month"
- if you have a huge stash from a couple years ago, and you buy small amounts and spend small amounts then you would pick "1 year" since the bulk of your holdings is longer term.
What I am looking for is the velocity of bitcoins through us. By knowing the velocity of a typical user, we can then estimate what effect adding more users will have.
Think of your entire history with bitcoins, try to roughly estimate the length you held an average bitcoin from the time you received it to the time you spent it.
For example:
- if you send all your bitcoins immediately to an exchange to sell or when you buy something with bitcoins you buy just enough for that purchase, then you would pick "1 hour"
- if you mine bitcoins and once a week send all your earnings to an exchange and cash out, then you would pick "1 week".
- if you bought 2 bitcoins a couple months ago, spent one immediately and are still holding the other, then you would pick "1 month"
- if you have a huge stash from a couple years ago, and you buy small amounts and spend small amounts then you would pick "1 year" since the bulk of your holdings is longer term.
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