Frankly speaking, none. I guess that you already know, people buying bitcoin because they expect the huge profits from it and repeats the same success to what many people have done.
Maybe there's still some bagholders out there who think that the price could be even more higher, but they'll eventually sell all of their assets.
Topic: How many can resist selling off their BTC for huge profits? - page 9. (Read 3756 times)
What percent of people do you think are able to resist selling their BTC when confronted with huge profits they've obtained. Say 500% or more even?
No one can resist that kind of profits man. That is 500% profit, if I bought bitcoin for $5, and say I get a profit at the price of $500 every single coin, that will be a fortune. I will not waste any time and I will converting my coins into fiats.
What percent of people do you think are able to resist selling their BTC when confronted with huge profits they've obtained. Say 500% or more even?
Why would you need to know? Im sure no one would really able to give you exact percentage since no one knows on what prices on most bitcoin users they did purchase their bitcoin.Which means we wont know if they are holding purely or actively spend them on other ventures or purposes and no one would really have the time on checking wallet addresses who dont have any activities on the few years. What percent of people do you think are able to resist selling their BTC when confronted with huge profits they've obtained. Say 500% or more even?
Here’s the “problem”:
Say you now have $20000000 equivilant in Bitcoin. There is no bank in the world that any sane person would trust that amount of money to.
The only sane thing to do is 1. buy gold or 2. (much easier) keep the bitcoin.
This is why most super wealthy bitcoin owners are not running to sell their bitcoin for bank money.
What percent of people do you think are able to resist selling their BTC when confronted with huge profits they've obtained. Say 500% or more even?
It is hard to say because individual circumstances can vary. Now, there are times when one has to let go of his/her Bitcoin because of a need or an emergency and there are those who will continually hold on to what they got because they know that soon Bitcoin can be crashing the moon. In other words, we are becoming like speculators. Hope that it won't really got bubbled up.
What percent of people do you think are able to resist selling their BTC when confronted with huge profits they've obtained. Say 500% or more even?
500%? you are talking about number of people that can resist selling their Bitcoin at this moment where its price is high. It should be 100% and below. I think, the holders that can resist selling is about 40% and maybe they're the seniors because they know more about it. They are awared that there's more, that it will still increase than its current price. Even if its current market value is high they will still for a bigger price because it will give them a larger profit. What percent of people do you think are able to resist selling their BTC when confronted with huge profits they've obtained. Say 500% or more even?
we are still in the beginning of crypto currency revolution. 500% is a reason why they wont sell their btc, because they believe it can be more than that. So I think its just less than 5%. Its difficult to decide when you want to open a buy positon right now when the price are high, but its even more difficult to cash out when you buy it at low price.
I'm not sure about the percentage or number of people who does, but I think that there are many who choose to hold instead of selling their BTC. A lot of the Bitcoin users know the potential for Bitcoin to accrue, so I'm guessing that most would choose to keep their BTC in a secure wallet for the future. Though I think that a small percentage of people consider BTC as a daily income about 10-20% I guess, and they sell it on a regular basis so that they may spend on their daily expenses. There are those who rely on Bitcoin as a full-time job, so they really have to sell their BTC in order for them to spend.
what do you mean by that ?
you're asking how many % people will sell their holding when they're profited for more than 500% and around that ?
well if you're asking about it i can tell you that only a few %,i think nobody know the right number.
but i am sure it will only a few people will sell their holding,you know why?
because it has been 1000% from their holding but they keep buying and buying.
they know it will be huge in the next few years later that is why many people keep holding it until it reach 6 figures.
so,only a minor people keep selling it for profit and cash out
you're asking how many % people will sell their holding when they're profited for more than 500% and around that ?
well if you're asking about it i can tell you that only a few %,i think nobody know the right number.
but i am sure it will only a few people will sell their holding,you know why?
because it has been 1000% from their holding but they keep buying and buying.
they know it will be huge in the next few years later that is why many people keep holding it until it reach 6 figures.
so,only a minor people keep selling it for profit and cash out
What percent of people do you think are able to resist selling their BTC when confronted with huge profits they've obtained. Say 500% or more even?
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