Interesting perspective of Investors - page 2.

STT

legendary

Activity: 4102

Merit: 1454

Quote

you can in fact take your precious bitcoins with you when you step into the grave. But seriously, how many coins have already been irretrievably lost this way?

There is no loss there really as BTC is divisible, the value is reflected elsewhere in the blockchain. Same deal as the old case of a pop band which physically burnt 1 million in british currency. The value was not lost in that example only the personal control of it by those individuals, all other notes gained a very slight amount. If BTC is lost in this more virtual case then other wallet balances will gain some value by the reduced supply, we can see this by the big amounts contained in the original wallets of founding members of BTC blockchain. If Satoshi were ever to return it would at face level and immediate terms be quite bearish and Im sure they were aware of that, the circulation of money never moved from an old wallet represents new supply though in theory it was never acknowledged as lost. There was an old amount moved recently but it was quite small in the bigger picture, still it caused some minor alarm.

https://www.newsbtc.com/2020/05/20/bitcoin-shows-weakness-as-11-year-old-wallet-moves-50-btc/

panganib999

hero member

Activity: 1750

Merit: 589

Quote from: fiulpro on July 15, 2020, 12:26:00 PM

Apparently a survey conducted confirmed that 60% of the Investors will rather keep holding their Bitcoins till they die if the price does not exceed 10,000$

https://news.bitcoin.com/survey-60-of-bitcoin-investors-will-die-with-their-btc-if-price-stays-below-10000/

Few things to note here :

*People are serious about Bitcoins and do know the value of it
*They might be thinking of keeping it as inheritance money or something
*Bitcoin's value won't have any drastic effects since these people are more or so long term holders

This was a overall positive poll which showed the importance Bitcoins achieved now~

Well, that was really pretty good to see that investors are really willing to die for the sake of holding their Bitcoins. But that was just a shallow perspective to think and that was not just really quite impressive because probably the price of Bitcoin can exceed the $10,000 mark. If that happens, then those investors who are said to be part of the survey conducted will probably sell their Bitcoins already since their expectations about the price of Bitcoin is just that low. Imagine, we are already seeing its price at $9,300+ when the last time I have checked it. It was just that close to $10,000.

Also, datas that are gathered through the use of polls are somewhat not that reliable for many can be a part of it and that will not showcase the real deal of who are those people that voted on the poll. Indeed it represents a population of respondents regarding a specific matter but still it cannot be reliable to claim that investors would gladly be serious on holding into their Bitcoin up until it exceeds $10,000 mark.

But gladly, it is still so nice to know that people are already recognizing the importance and usage of Bitcoin making it more important for investors to make hold of what they currently have as of the moment.

Assface16678

full member

Activity: 1484

Merit: 136

★Bitvest.io★ Play Plinko or Invest!

It looks like they are getting desperate to make a lot of money with the use of the bitcoin but still, we cannot deny this because even as we want to make more money with the help of the bitcoin but as the simple person like me I just going for the small investment only to earn more if you have enough funds why not make an investment with the large amount, and also why do they make an investment do the bitcoin even they die, they cannot use this when they are dead lol, I think the grandchild may benefit of it not them.

Quote from: fiulpro on July 15, 2020, 12:26:00 PM

plus with the new crypto debit card to be launched are you guys gonna buy it ?

It gives me a lot of curiosity what is the country supported by the use of this crypto debit card and it is like the same atm cards that you can withdraw easily like supported the use of the Mastercard or only use with the ATM that supports the use of the crypto.

davinchi

legendary

Activity: 2100

Merit: 1058

Quote from: fiulpro on July 15, 2020, 12:26:00 PM

Few things to note here :

*People are serious about Bitcoins and do know the value of it
*They might be thinking of keeping it as inheritance money or something
*Bitcoin's value won't have any drastic effects since these people are more or so long term holders

This was a overall positive poll which showed the importance Bitcoins achieved now~

Honestly I'm having same kind of perspective into my bitcoin stash. I'm holding my bitcoins since 2013 but I'm not bothering whether bitcoin praises will be crossing $10k levels right now or later on but I am very much confident about having something unimaginable value for bitcoin in long-term. So, the current price levels are least bothered for the long-term holder like myself. Like most people do suggest, I am simply looking for buying at dips along with my saving. Nowadays dips are available to make use of but not my savings Wink

.

Only the people who are looking for momentary benefits and a short-term traders are actual incidence people of bitcoin ecosystem but long-term holders are acting like base. When more people are into long-term plans, reaching stars after moon is easier. Hope more people will copy from Mr.Satoshi after realizing the benefits of doing so.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: bearexin on July 16, 2020, 03:10:17 PM

A decade ago was when bitcoins was just launched and the graph for any asset tends to rise much quicker in the initial years as compared to the later stages. I mean the growth we saw from 2009 to 2020 would always be bigger than what the growth might be from 2020 to 2030 in terms if percentage rise because the price almost grew around 10,000 times but you cannot expect the same growth rate in the next ten years....

But if you look at it from the other side, we will see that over these 10 years, bitcoin has become recognized by everyone. Can't this fact push the price up when the majority of the population wants to buy it, but its quantity will still be limited? But even in this case, it is difficult to wait for the growth of bitcoin in 10000 times, as it was before.

abhiseshakana

legendary

Activity: 2254

Merit: 2253

From Zero to 2 times Self-Made Legendary

Quote from: Strongkored on July 21, 2020, 02:22:12 AM

The number mentioned is very easy to achieve which is why they chose that number because it was impossible to let their BTC (if they were have) and die without selling it. The main objective of the investor is to make a profit so the poll does not reflect the true expectations of the real BTC holders.

The hold or sell decision is definitely behind the back look at the investment objectives and investor risk profile. For long term or short term. If the goal for long-term investment and the time span is still long, then the investor will not let go of his investment because there is still hope of getting a high return. If the investment objective is short-term, and the time span is short, then when the chart rises slightly there is no harm in selling with consideration of minimizing losses and preparing for the next jump.

Investor risk profiles are the most decisive investment habits in making hold or sell decisions. Investors with aggressive profiles usually have long and experienced financial goals, and usually have special budget allocations for investment so they tend to keep bitcoin in the long run.

Kasabus

hero member

Activity: 2814

Merit: 576

Quote from: TheGreatPython on July 20, 2020, 11:22:35 AM

It is clear that if it goes above the $10,000 they are all definitely going to sell it. Anyway, even at that, there will still be millions of people willing to buy cryptocurrency. So, people will always be serious with cryptocurrency at anytime. I have seen old investors leave, despite that there are always many new investors who replace them, and there are also old investors that are serious with it and are not ready to leave at anytime, that’s good.

But, anyone that’s planning to keep cryptocurrency as an inheritance without having any plans on how to do that is making a huge mistake. You should have plans on how your family is going to inherit it, if you’re really leaving it for them. I usually see stories about who die and there is now way that their family can have access to their cryptocurrency wallet because they didn’t leave a means to do that.

I never came to the point thinking that i would keep holding my bitcoin even if i die because i believe it will never be an investment all the time since it was created to be a currency. It's good to keep holding our bitcoin while we are still active here but i'm sure i'm gonna sell it no matter what its value when time comes that i'll be facing hard days of my life.

Naida_BR

member

Activity: 980

Merit: 62

Even if the price is going to climb over 10k people will continue to hodl.
This happens because the ATH was nearly 20k so they might be waiting to reach it again in the near future. For a small minority 20k is always a level that it is not satisfying to sell.

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

Quote from: fiulpro on July 15, 2020, 12:26:00 PM

Apparently a survey conducted confirmed that 60% of the Investors will rather keep holding their Bitcoins till they die if the price does not exceed 10,000$

-snip-

The number mentioned is very easy to achieve which is why they chose that number because it was impossible to let their BTC (if they were have) and die without selling it. The main objective of the investor is to make a profit so the poll does not reflect the true expectations of the real BTC holders.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: TheGreatPython on July 20, 2020, 11:22:35 AM

But, anyone that’s planning to keep cryptocurrency as an inheritance without having any plans on how to do that is making a huge mistake. You should have plans on how your family is going to inherit it, if you’re really leaving it for them. I usually see stories about who die and there is now way that their family can have access to their cryptocurrency wallet because they didn’t leave a means to do that

Ironically, cryptocurrencies are quite different in this regard

There's an adage in many European languages, and it says that shrouds have no pockets, with the meaning being that you can't take your wealth into the afterlife (read, it is not a good idea to hoard money while you are alive). However, it seems like crypto is radically turning the tables, and you can in fact take your precious bitcoins with you when you step into the grave. But seriously, how many coins have already been irretrievably lost this way?

TheGreatPython

sr. member

Activity: 2660

Merit: 339

It is clear that if it goes above the $10,000 they are all definitely going to sell it. Anyway, even at that, there will still be millions of people willing to buy cryptocurrency. So, people will always be serious with cryptocurrency at anytime. I have seen old investors leave, despite that there are always many new investors who replace them, and there are also old investors that are serious with it and are not ready to leave at anytime, that’s good.

But, anyone that’s planning to keep cryptocurrency as an inheritance without having any plans on how to do that is making a huge mistake. You should have plans on how your family is going to inherit it, if you’re really leaving it for them. I usually see stories about who die and there is now way that their family can have access to their cryptocurrency wallet because they didn’t leave a means to do that.

mu_enrico

copper member

Activity: 2324

Merit: 2142

Slots Enthusiast & Expert

Quote from: The Sceptical Chymist on July 19, 2020, 08:02:51 PM

this crappy-ass news article smacks of Schiff trying to grab attention from the press. You have to take everything that man says with an enormous grain of salt.

LoL, I knew Schiff, Roubini, McAfee, etc., from the crypto community (never heard them before). The funny thing is, the people mentioned seems not the real expert, but just the meme guy.

If Schiff polled the gold bugs, I'm pretty sure he will get similar results.

Quote from: The Sceptical Chymist on July 19, 2020, 08:02:51 PM

You never know if any of those things is going to explode. They're like little digital lottery tickets IMO.

I know I have a better chance of winning slots jackpot than this mooning scenario Grin

bitcoinisbest

hero member

Activity: 1218

Merit: 557

Quote from: NASdaq on July 20, 2020, 12:35:18 AM

There still hope & greed that motivate people to hold btc. Everyone believe in the next bull run in thier heart

If someone can see the growth potential exists and with wider adoption in the society the demand will increase which can lead to rise in price. So accordingly, people will either buy during the correction or will hold it because they think it will rise back or will grow even with some fall which may happen. So, holding becomes the key in such situation.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: beerlover on July 19, 2020, 04:04:49 PM

Remember times when people asked at grocery stores and so forth if you would like to pay "cash or credit", well of course you do because that is now, but back in the day that was "cash or cheque" and moved to card nowadays

Cashiers are still asking that

But overall, I agree that more and more people are now paying with their bank cards at the checkout. I've seen it a few times when someone actually tried to pay with their phone (though not sure if it was crypto). I betcha that was clumsy. Once it didn't work out, and the whole line instantly became quite intense. I was next, so I didn't particularly care, but the folks behind me got nervous and after a while quite angry. I could feel the tension rising with my back. To tell the truth, I was enormously curious to find out how it would pan out in the end. It didn't

Quote from: beerlover on July 19, 2020, 04:04:49 PM

I believe there will be a time when cashiers will ask you "fiat or crypto" in the future, that is how common it will get. I am not waiting for a certain amount of money to sell my coins to move to fiat, I am waiting for crypto to be used for spending on regular stuff, and I will continue to hold my coins until that moment, I do not want to sell them, I want to spend them

Nah, with phone stuff it ain't gonna work (as smooth)

TitanGEL

sr. member

Activity: 1036

Merit: 281

Quote from: beerlover on July 19, 2020, 04:04:49 PM

As an "investor" into the idea instead of the coin itself, I would rather keep my bitcoins not because it will eventually worth something, but because I believe eventually it will become a standard. Remember times when people asked at grocery stores and so forth if you would like to pay "cash or credit", well of course you do because that is now, but back in the day that was "cash or cheque" and moved to card nowadays.

I believe there will be a time when cashiers will ask you "fiat or crypto" in the future, that is how common it will get. I am not waiting for a certain amount of money to sell my coins to move to fiat, I am waiting for crypto to be used for spending on regular stuff, and I will continue to hold my coins until that moment, I do not want to sell them, I want to spend them.

I'm a trader and I have different perspective about bitcoin, I do not keep my bitcoin for a long period of time in my wallet because I keep using it in different exchange. I prefer to trade than to store it in my wallet because it is what I want. For me long term investor is boring because you are just keeping your bitcoin and hoping that its price will rise in the future. I keep trading because I love to analyze charts, technical analysis is my passion and I want to keep reading charts.

shoreno

full member

Activity: 1750

Merit: 118

Quote from: NASdaq on July 20, 2020, 12:35:18 AM

There still hope & greed that motivate people to hold btc.

though both of the greed and hope can make people stay and hodl for a long time and that brings positivity to anyone on this space but i still think that being greedy is bad .

when we are greedy we cant be contented when that certain bull for a coin comes but we always wanted more so we keep on hodling while being hopeful only makes a person set his own short term goal but this does not mean that he will stop and quit once he already sold at a bull run

NASdaq

sr. member

Activity: 307

Merit: 250

There still hope & greed that motivate people to hold btc. Everyone believe in the next bull run in thier heart

The Sceptical Chymist

legendary

Activity: 3528

Merit: 7005

Top Crypto Casino

A Twitter poll by Peter Schiff? Sorry, I can't put much faith in the results of such a thing. Twitter polls are ridiculous to begin with, but when you throw Schiff into the mix, you've got to put your skeptic hat on and calibrate your BS meter.

Who cares when people are going to sell their bitcoin anyway? And considering the fact that bitcoin is very close to $10k right now, this crappy-ass news article smacks of Schiff trying to grab attention from the press. You have to take everything that man says with an enormous grain of salt.

Quote from: mu_enrico on July 16, 2020, 08:46:12 PM

Like mentioned attitude, I have various tokens from bounties, and I'd rather forget about it than to sell it for pennies.

That I'd agree with. You never know if any of those things is going to explode. They're like little digital lottery tickets IMO.

Rengga Jati

hero member

Activity: 2142

Merit: 670

Hire Bitcointalk Camp. Manager @ r7promotions.com

So, the pool is done by Peter Schiff? Well, reaching $10k is actually rather easy for Bitcoin. SO far, the price is still around $9k but it will have the chance to increase adn reacha gain back to $10k. However, what will be it? Well, it may not happen this month. but this eyar still has some months that will have possibilities that the price of the BTC in the market will be increasing again and again.

Quote from: fiulpro on July 15, 2020, 12:26:00 PM

Few things to note here :

*People are serious about Bitcoins and do know the value of it
*They might be thinking of keeping it as inheritance money or something
*Bitcoin's value won't have any drastic effects since these people are more or so long term holders

Actually i really believe in these statements. I also trust this BTC as a worthy saving so that holding this coin will be very worthy for me and it will reach $10 for sure. Additionally, we will also trust that the future of BTC is always bright. It has very high value and volume in the market to be traded or even for long holding. If we die, we can also till make it as heritage for our kids and family and it will be always worthy for them.

beerlover

legendary

Activity: 3052

Merit: 1188

As an "investor" into the idea instead of the coin itself, I would rather keep my bitcoins not because it will eventually worth something, but because I believe eventually it will become a standard. Remember times when people asked at grocery stores and so forth if you would like to pay "cash or credit", well of course you do because that is now, but back in the day that was "cash or cheque" and moved to card nowadays.

I believe there will be a time when cashiers will ask you "fiat or crypto" in the future, that is how common it will get. I am not waiting for a certain amount of money to sell my coins to move to fiat, I am waiting for crypto to be used for spending on regular stuff, and I will continue to hold my coins until that moment, I do not want to sell them, I want to spend them.

Topic: Interesting perspective of Investors - page 2. (Read 755 times)