Interesting perspective of Investors - page 4.

Oasisman

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Why is the poll emphasizes the psychological $10,000 level? So, what happens when Bitcoin exceeds $10,000 , $20,000 , $30,000 and so on? Would these survey change to "how much longer you keep holding If Bitcoin won't exceed $20,000 or $30,000? "

Selling below $10,000 seems really pointless right now when you know the capability of Bitcoin in the future, and this survey wasn't taken seriously by the respondents.

Quote from: leyton11 on July 16, 2020, 04:01:37 AM

I find the majority of investors here quite funny when they fully believe in bitcoin. To me, bitcoin is just a powerful asset manipulated by whales. so I never believed it had any value, just the waves the whales created to attract more traders to the crypto market. Anyway, I would believe that bitcoin will grow stronger now but it will take a very long time, about 5-10 years.

In contrary. My beliefs, Bitcoin has value because people are actually using it. It's not only about the crypto trading, and whales are part of the investors, a big players who's "trying" to manipulate the market, but they doesn't have the full control over the market price.

teosanru

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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~

Quote

Now that’s according to a Twitter poll by Peter Schiff. The gold-bug asked bitcoin ‘hodlers’: “How much longer does the price of #Bitcoin have to stay below $10,000 before you will throw in the towel and sell?”

With about 7 hours left for the poll to expire (at Press time), nearly 26,000 people have responded. At least 58% said they will hold the top crypto for as long as it matters, even if that means taking it to their graves.

Another 15%, or 3,900 people, said it will be a year before they decide to sell. Around 14% of the respondents said they will ‘hodl’ for another three years and 13% for the next decade before opting to exit their positions.

Quote

It seems unfathomable that anyone would willingly die holding onto dear bitcoin because the price stagnated below the psychological $10,000 threshold. Rather, it is more plausible that Schiff’s poll result illustrates the faith with which investors hold in regard to BTC, even as the price struggles.[\b]

Positive things are always good to be shared , feel free to leave your thoughts on this , plus with the new crypto debit card to be launched are you guys gonna buy it ?

It's just for Europe right now but hopefully it will reach everyone soon.

It's just a Twitter poll i believe so this isn't really a very big news. I generally choose any option in twitter polls on questions that don't even matter to me. So i beleive that it would be wrong to say that 60% of investors believe this. Most of them might have checked the recent price and just clicked that option.

Moreover this question itself is quite wierd. The question should rather be that what value you expect bitcoin to be in future. Why would someone want to hold an asset until death if it's value remain stable. Bitcoin is a useless investment if it's value does not exceeds 10000 until they die. So the poll to me makes no sense at all.

leyton11

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I find the majority of investors here quite funny when they fully believe in bitcoin. To me, bitcoin is just a powerful asset manipulated by whales. so I never believed it had any value, just the waves the whales created to attract more traders to the crypto market. Anyway, I would believe that bitcoin will grow stronger now but it will take a very long time, about 5-10 years.

davis196

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Getting such conclusions out of a Twitter poll created by the FUDster Peter Schiff simply isn't serious.
The 60% of the people,who voted on this poll were simply joking.What's the point of holding Bitcoins until you die,if the price isn't going above 10K USD.Such long term Bitcoin price doesn't provide protection against inflation.
Anyway,I don't think that most of his followers on Twitter are die hard Bitcoin fans,so there's no point discussing this poll.What's makes me curious is why a guy like Peter Schiff (popular gold investor) is so obsessed with Bitcoin?Can't he just ignore BTC and continue with the "buy gold" mantra. Grin

DoubleEdgeEX

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This 10K level seems like a snake charmer, hypnotizing everyone around. It´s well documented that in stocks and indices, certain levels show a psychological effect on humans, but this starts to become ridiculous. The only really cool thing that recently came up from a Twitter survey was the one from Peter Schiff about the hodling of Bitcoin believers. I answered he believed in Gold between 2013 and 2019, so why shouldn´t we believe in BTC for that short while it stays in a range?

Kakmakr

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I think it all depends on when you bought those bitcoins and at what price. If an investor bought at above $10 000, then he or she would be hesitant to sell below that. There are probably still 100 000's of people who bought at the all-time-high of $18 000+ and they are hoping the price will soar above that for them to make a profit or just to break even. (I have several friends who ignored my advice to buy at the all-time-high back in 2017 and they are forced to hoard their coins)

Also remember that Bitcoin is not supposed to be an investment tool, but rather a currency that are supposed to be used every day. Wink

$crypto$

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Quote from: kawetsriyanto on July 15, 2020, 06:59:15 PM

Is that survey trustable and done with proper way? I doubt if all investors really think like that. From my point of view, many of them just sell of their Bitcoins even they only get low profits or losses in this pandemic days. Only fanatic Bitcoin holders that may think to keep their Bitcoins till die of the price cannot achieve a certain rate. I suggest to do a better survey since I don't think it really reflects the fact.

In the survey it may not be accurate, but some of the predictions they make, bitcoin holders will certainly not be long because those who take advantage of the moment when it goes up and if there is a crash they will survive on usdt, so fanatics might continue to defend it but in my opinion why if only for a long time not necessarily it will produce greater.

Investors will take advantage of opportunities when the market begins to recover.

Lorence.xD

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Quote from: uneng on July 15, 2020, 10:35:12 PM

Many investors are really serious about bitcoin investment, that is really good and give other investors an extra safety while investing, as there is a loyal group of enthusiasts behind it.
It's the proof investors are thinking about bitcoin on long run, even if they have to pass their coins to the next generation, their inheritors, without using it during their lifetime. On the other hand, it doesn't help to increase bitcoin usage as currency, what can also affect the currency, but in this case it affects negatively...

That is a good thing but if you were to put it in a practical stand point, wouldn't they benefit from it, yes if the prices were to go skyrocket but to think that they are willing to hold if it will not skyrocket is impractical, imagine this, if you are sustaining your daily needs through bitcoin then you can't help it but spend some even if the prices are down, to utilize it more, why not have a fiat for daily needs and use your holdings in trading or invest it in crypto businesses, in turn the money will grow because even if you are holding it because you are circulating it in the cyber economy. Think about the choices you can do, holding is not practical anymore in my opinion.

uneng

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Many investors are really serious about bitcoin investment, that is really good and give other investors an extra safety while investing, as there is a loyal group of enthusiasts behind it.
It's the proof investors are thinking about bitcoin on long run, even if they have to pass their coins to the next generation, their inheritors, without using it during their lifetime. On the other hand, it doesn't help to increase bitcoin usage as currency, what can also affect the currency, but in this case it affects negatively...

crwth

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It seems to me that the polled investors who have a lot of BTC have another source of income for their daily needs, and it's good for them for sure. It's an actual investment for them, and it's indicated there that it is their gold for them. It's really interesting to those so-called "Lost Bitcoin" what would happen because you will never know if there's someone that has access to them, and they are just waiting for the price to go even higher.

Darker45

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

Quote

At least 58% said they will hold the top crypto for as long as it matters, even if that means taking it to their graves.

This is apparently an exaggeration. Which makes me think that the majority of the respondents of that poll just want to give Peter Schiff a sort of in-your-face response, a statement which simply says we are for Bitcoin.

However, this is a poll which has the basic assumption that Bitcoin is not a currency but an asset or a store of value, that Bitcoin is not something that is spent as a real-world money but something which is kept for its appreciating value. That alone speaks a ton of how misguided the perception of Bitcoin is to a lot of people.

Wexnident

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

*Bitcoin's value won't have any drastic effects since these people are more or so long term holders

Then doesn't the premise change if the price exceeds $10k? Like, let's say that the price did exceed $10k, but stayed there for around 3-4 months. The idea is now that long term investors are willing to check out of the market if such a situation happens, so wouldn't the price go down? Whether it be slowly or not that is.

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

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

Importance? That's just talking about the price, and I'm pretty sure that the price is the lowest part of the importance one can get when talking about Bitcoin. Plus, considering the 26k people who responded, that's just a drop in a bucket right? Not to mention its twitter, if the survey was done with investors in mind as the respondents, then twitter isn't the way to go. A more specialized one should instead be the best decision.

kawetsriyanto

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Is that survey trustable and done with proper way? I doubt if all investors really think like that. From my point of view, many of them just sell of their Bitcoins even they only get low profits or losses in this pandemic days. Only fanatic Bitcoin holders that may think to keep their Bitcoins till die of the price cannot achieve a certain rate. I suggest to do a better survey since I don't think it really reflects the fact.

sunsilk

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So the poll came from Peter Schiff, why he has to do this? isn't he a bitcoin-bear and unbeliever? is he starting to show his true stand about bitcoin? His poll became now a news not just for that news website but also for cointelegraph.

Although it doesn't necessarily represent about the whole crypto community and twitter polls are sort of informal setting, I'm looking to the perspective that he's starting to learn how the people participated the poll look how important bitcoin is into their lives just like us.

STT

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Quote

*People are serious about Bitcoins and do know the value of it

60% surprises me as its pretty high but Ive always known there must be some hard money guys involved in BTC. Im sure its been said that the beginnings of BTC around the time of the original QE programs distortion of finance norms was not a coincidence as a start for this whole crypto sector. Crypto will be required because as we all know QE has not been reversed, repaid and made safe, instead its likely to end badly so in contrast this idea of never selling is not unreasonable or unconsidered.
I can remember hard money economics or at least normal policy and rates near 10% was not the impossibility its viewed as now, in that atmosphere it might be Bitcoin would be $1000 or in range and still a success because the unit itself would have higher value. People now expect inflation and so holding BTC is just a matter of time while it remains a valid and secure means of value exchange, I consider it a hedge but I would not hold all in crypto of course though its possible some do while having some liability to value of dollar income etc.

Twentyonepaylots

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Why do we still need this? I mean this is not factual at all, a poll in twitter, really? Is this a subject for discussion?

What if I told you, I'm selling my bitcoins right now, would you believe me?

Don't need much more of data like this, it is futile to look on these.

avikz

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Quote

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$

Twitter polls are very generic in nature. Do you know how many people participated in it? People often participate in twitter polls because they can do it with just one click and they don't have to dig deeper on the subject.

This result would have given a whole new meaning if Coinbase had done it with people holding cryptos in their account. A lot of people would still have left but at least we would have got the perspective of the crypto holders. With Twitter, it can't be ensured.

I mean, it literally makes no sense to hold crypto if price doesn't go beyond 10k for the rest of life. If we can't use it or unleash the power of money, it makes very little sense to have it in the first place. Very foolish thought!

Upgrade00

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News headlines are sometimes made to be attractive and doesn't always reflect the actual content of the report.
Twitter polls are also getting overated these days, approximately 28k users participated in that poll, so the statement '60% of investors" is misleading, that is not the actual number of investors and there's really no guarantee that the profiles which were involved are actually all investors, so it can't be viewed as a microcosm of the total number. Literally anyone that's on Twitter, can click on a screen and their votes would be counted.
Random social media polls are not reliable means of judging public opinions on certain matters.

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

feel free to leave your thoughts on this , plus with the new crypto debit card to be launched are you guys gonna buy it ?

Only level 2 verified users on binance are eligible, this means I will have to go through KYC process. So, it's a no for me.

BIT-BENDER

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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

Note.1. the polls does not show serious bitcoiners but serious investors obsessed with cash in at a specific price -$10000+ . Many investors are not serious or real bitcoiners,

Note 2. I doubt that, firstly bitcoin will reach $10k and they would sell off, and even if the voted not to sell on the polls, on till $10k, wait till they see the sign of a bearish market or a FOMO, don't hold investors on there word, they are bounded to there money than their words

Note 3. There are millions of bitcoin holder that did not take part in the poll, -i am one- the poll won't matter excessively much on bitcoin price right now.

fiulpro

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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~

Quote

Now that’s according to a Twitter poll by Peter Schiff. The gold-bug asked bitcoin ‘hodlers’: “How much longer does the price of #Bitcoin have to stay below $10,000 before you will throw in the towel and sell?”

With about 7 hours left for the poll to expire (at Press time), nearly 26,000 people have responded. At least 58% said they will hold the top crypto for as long as it matters, even if that means taking it to their graves.

Another 15%, or 3,900 people, said it will be a year before they decide to sell. Around 14% of the respondents said they will ‘hodl’ for another three years and 13% for the next decade before opting to exit their positions.

Quote

It seems unfathomable that anyone would willingly die holding onto dear bitcoin because the price stagnated below the psychological $10,000 threshold. Rather, it is more plausible that Schiff’s poll result illustrates the faith with which investors hold in regard to BTC, even as the price struggles.[\b]

Positive things are always good to be shared , feel free to leave your thoughts on this , plus with the new crypto debit card to be launched are you guys gonna buy it ?

It's just for Europe right now but hopefully it will reach everyone soon.

Topic: Interesting perspective of Investors - page 4. (Read 755 times)