Topic: Short-term holders now have about ~1.8M BTC (Read 246 times)
Yes we can never plan for short term profit in case of Bitcoin. Only those who invest in this most volatile asset with a long-term plan will be able to profit according to their goals. I can suggest DCA strategy for long term holders and those who want to hold. It can be bought during both highs and lows of Bitcoin price. A long term holder can reduce his risk from Bitcoin by applying this strategy while he can create a favorable environment for his long holding. Short-term holders may lose money rather than profit from Bitcoin. A decision must be taken considering the short-term and long-term benefits before investing.
Short-term holders are those who bought Bitcoin on average in the past 155 days or about the past 5 months, as they bought about 10% of the total supply of Bitcoin. If the pace of buying continues at the same price, the price will continue to move forward and strongly after halving, making it the first time we will see a year of rises without real correction.
Short term holders can also be those who have bought more than 155 days or 5 months. However, one of the reasons short-term holders are currently increasing is the Bitcoin halving. We can see that Bitcoin halving is only 10 hours away and Bitcoin halving will be completed within this 10 hour. During this time people will increase their short-term investment liquidity as they want to earn more profit by holding for a short period of time and we know that the bull market will happen a few months after the bitcoin halving and the market will definitely increase at that time. I also hold bitcoins but I haven't held bitcoins for too long but considering mine I've definitely held short term. 
Short-term holders are those who bought Bitcoin on average in the past 155 days or about the past 5 months, as they bought about 10% of the total supply of Bitcoin. If the pace of buying continues at the same price, the price will continue to move forward and strongly after halving, making it the first time we will see a year of rises without real correction.
The halving event is approaching and there has been a small correction in the past few days, but I still find this correction to be insignificant and not worth mentioning. But that doesn't mean we're entering bull season without a correction. I predict that if bitcoin continues to rise after the halving and reaches a new ATH, sooner or later a significant correction will occur. I believe that no market is strong enough to continuously increase without correction. In the second scenario, we may soon witness a correction in the coming days and then enter the bull season.
The market is still influenced and manipulated rather than based on supply and demand, so I don't trust these onchain data, IMO.
What's a real correction, by the way? Corrections always happen every once in a while. What makes a correction real?
The price has been making strides thanks to the approval of a spot Bitcoin ETF in the US. A new ATH has been achieved even before the halving. That's history. I think the halving at this point isn't priced in yet so I'm still seeing an upward movement overall. But, again, there are always corrections along the way. As a matter of fact, we are in the middle of it right now. We're more than $10,000 below the ATH which was just achieved around a month ago. That's almost 18% down. I consider this a real correction.
The price has been making strides thanks to the approval of a spot Bitcoin ETF in the US. A new ATH has been achieved even before the halving. That's history. I think the halving at this point isn't priced in yet so I'm still seeing an upward movement overall. But, again, there are always corrections along the way. As a matter of fact, we are in the middle of it right now. We're more than $10,000 below the ATH which was just achieved around a month ago. That's almost 18% down. I consider this a real correction.
Short-term holders are those who bought Bitcoin on average in the past 155 days or about the past 5 months,
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Is it? What if some of the people who purchased Bitcoin at the same time frame are people who want to invest for the long run but that’s when they decided to enter the market? I’m not sure if there’s a way to get the short term holders because they don’t have a difference from those who buy for long term, the only difference is their will (in their mind) to not hodl for long.
I also agree with you that the only difference is their will or in their mind, which is right as we have no official basis for long-term or short-term. We have different investors right now so for me, what OP shared was based on specific time frames.
Short-term holders are those who bought Bitcoin on average in the past 155 days or about the past 5 months,
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Is it? What if some of the people who purchased Bitcoin at the same time frame are people who want to invest for the long run but that’s when they decided to enter the market? I’m not sure if there’s a way to get the short term holders because they don’t have a difference from those who buy for long term, the only difference is their will (in their mind) to not hodl for long.
And also, there are a lot of short-term holders there because they only aim to earn through bitcoin, not thinking long-term and maximising the potential profit if they go long-term.
Short-term holders are those who bought Bitcoin on average in the past 155 days or about the past 5 months,
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Is it? What if some of the people who purchased Bitcoin at the same time frame are people who want to invest for the long run but that’s when they decided to enter the market? I’m not sure if there’s a way to get the short term holders because they don’t have a difference from those who buy for long term, the only difference is their will (in their mind) to not hodl for long.
IMO, they're ready to get deployed and get dumped once the price target has been reached. Well, it's not a new thing to be seen because everyone is for profit.
Regardless of how long we want to hold Bitcoin when the times of need get close to you, you have no other option but to sell it. But many of these holders have it all planned on how long and at what rate they'd sell those.
As with this data, I guess it's more optimistic knowing the long term holders and those that haven't moved more than that range as the so called real HODLERS.
Regardless of how long we want to hold Bitcoin when the times of need get close to you, you have no other option but to sell it. But many of these holders have it all planned on how long and at what rate they'd sell those.
As with this data, I guess it's more optimistic knowing the long term holders and those that haven't moved more than that range as the so called real HODLERS.
There's no way I'm going to get excited about short term holders chart going up because anyone buying in the short term is only betting that that Bitcoin halving event will act as a super catalyst for future bitcoin price growth and will effectively dump on us when the market reaches their target prices. What I'd be excited to see if if addresses that haven't had any outflows in years start accumulating even more Bitcoin. This way, there's market downturn that would be caused by the quick in-out traders.
I'm looking forward to the halving event. I might just open a small bitcoin long in this dip.
I'm looking forward to the halving event. I might just open a small bitcoin long in this dip.
Yeah short term holders are generally not a good way to measure the demand for bitcoin. The best way is to look at the long term holders and as prices goes up, are they selling.
Usually you will see that during every ATH and during some massive dips, there are long term holders selling. This can give you a clue as when to start taking profit or not.
I think it is, if you look at long-term holders, it means you are looking at people who bought Bitcoin years or months ago which in some sense can be considered outdated data, but when you look at short-term buyers, it means that people are currently buying and that is the correct way to measure the demand for Bitcoin in recent times because it's the current stats that matter and not the ones that are old. It's true that if there are a lot of long-term holders, it means Bitcoin is still in demand, but when you look at short-term buyers, it helps you understand whether the demand is increasing or decreasing.Usually you will see that during every ATH and during some massive dips, there are long term holders selling. This can give you a clue as when to start taking profit or not.
Such data can also be useful for investors or traders to evaluate current situations and make their trades accordingly. If the demand is increasing and more people are buying, it means the price will go up soon, and if it's the opposite of that, expect a dip or a correction.
So short-term holders are ETFs because they bought in the last 150 days. Are they really a group that adds to the volatility? I don't think so. It's not like these people buy to sell in a week or a month. Most ETF buyers are long-term investors.
Let's say I move my coins from Electrum to a new hardware wallet - does that mean I'm a short-term holder now?'
If bitcoin ever goes above $100k you will see a lot of these fake short-term speculators because a lot of people will find themselves holding small fortunes and moving that, for instance to a multi signature service.
I assume most of that si caused by coins moving out from Grayscale to Blackrock coffers but how does this make them "short-term" holders?
Exactly! How do they can calculate if someone bought? Let's say I move my coins from Electrum to a new hardware wallet - does that mean I'm a short-term holder now?'
If bitcoin ever goes above $100k you will see a lot of these fake short-term speculators because a lot of people will find themselves holding small fortunes and moving that, for instance to a multi signature service.
Let me talk to you about this short-term thing: short-term demand is not an accurate measure of Bitcoin. We have to think long-term; the best way is to see what they sell as the price increases. Long-term and short-term measures depend on the bull-run market. Attempts to make long-term and short-term gains during this error run.
Am I the only one who doesn't get that chart?
How it is even calculated, it says (average coins age <155 days), so that means it should also show here:
https://www.mesmerdata.com/on-chain-charts/btc-coin-age-cohorts-supply-hodl-waves/
But once you zoom out there is nothing special at all.
I assume most of that si caused by coins moving out from Grayscale to Blackrock coffers but how does this make them "short-term" holders?
How it is even calculated, it says (average coins age <155 days), so that means it should also show here:
https://www.mesmerdata.com/on-chain-charts/btc-coin-age-cohorts-supply-hodl-waves/
But once you zoom out there is nothing special at all.
I assume most of that si caused by coins moving out from Grayscale to Blackrock coffers but how does this make them "short-term" holders?
I agree with the op that a very high amount of BTC in the hands of short-term holders is a positive thing for BTC price. Some might worry that it's a bad sign because if people aren't hodling long-term, they can as easily sell their BTC as they bought it and drive the price down. But, actually, short-term holding means that there's high liquidity, and that people are willing to exchange BTC. Because hodling is good for hodlers, but not good for a currency itself, as low liquidity would make the price artificial.
Are they worry opposite to what can cause a market dump?Market will be dumped with massive selling pressure from whales, institutional investors, not from retail investors that are mostly short term holders. I understand that inexperienced people have many uncertainty and they can feel fearful with many things. This one is one of their wrong thinking and bad fear on things which are not too much important.
If they zoom out and discover that long term investors get very high ROI with investment in Bitcoin and holding it for years [1], they will no longer be fearful with short term holders.
[1] https://casebitcoin.com/charts
Yeah short term holders are generally not a good way to measure the demand for bitcoin. The best way is to look at the long term holders and as prices goes up, are they selling.
Usually you will see that during every ATH and during some massive dips, there are long term holders selling. This can give you a clue as when to start taking profit or not.
Usually you will see that during every ATH and during some massive dips, there are long term holders selling. This can give you a clue as when to start taking profit or not.
At the end of the day, long-term investment in bitcoins is the best way and is recommended for everyone because you don't need to stress yourself about it once you decide to buy bitcoins using the money you can afford to lose because sometimes the crypto market might not get increase as shown in the picture. After all, the volatility is mostly happening, and the price drops due to some decline in the crypto market. But if you are a long-term investor, all of that scenario is nothing to you and you just completely ignore it because you know sometimes that something like this will happen before the big bull-runs in the future.
The Bitcoin system is a self-correction mechanism but it will take knowledge, long-term planning and patience to take advantage of the benefits Bitcoin offers.
Exactly despite all the risks tied down to it, many are still able to make money out of investing whether that is short-term or long-term.
People need to understand that in order to avoid losses you have to study religiously and find which type of investment method is applicable to you. You can not just dive in head first if you want to make great profits and as least possible mistakes
Of course, after about ten years, users arrive capable of purchasing 10% of the supply in such a short time, it is clear that new interests and new types of buyers are now coming into play.
I see a significant correlation with ETF approval and this graph...
No doubt about this correlation they are the investors that have been pushing this up high. Since the ETF approval on January 10 the nine institutions have been continuously stacking up bitcoin with the overall bitcoin bought within this time has been reported to be more than 900,000 bitcoin (~$60B), which shows that within this short period of time they Have definitely bought more than half of the 1.8 million reported. The only investor reported to be selling during this correction time is Gary scale.
So I also think they are the investors influencing this correlation, even bitcoin hitting a new ATH right before halving which is the first time definitely makes it clear.
This is a bad sign to me and opposite of what you think.
These are holders that bought because of the halving not ones that are accumulating for their believe in the system.
I assume you are calling long-term hodlers the ones who believe in the system. The truth is that almost every investor is in the Bitcoin space for profit making and you cannot stop anyone from buying or selling Bitcoin since the market is decentralized. There will always be buyers and sellers, hence no cause for alarm. These are holders that bought because of the halving not ones that are accumulating for their believe in the system.
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I believe this is one of the reasons we experiencing this fall and volatile
Some are already taking profit. Imagine what will be done post or before halving
They going to drop some bags with the hope of buying cheaper.
This is one of the benefit of Bitcoin. The price drop is an opportunity to buy at a cheaper price. One can hodl and sell when the price appreciates. The Bitcoin system is a self-correction mechanism but it will take knowledge, long-term planning and patience to take advantage of the benefits Bitcoin offers.Some are already taking profit. Imagine what will be done post or before halving
They going to drop some bags with the hope of buying cheaper.
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To be sincere I would feel more at ease seeing $50K tomorrow than seeing $80K.
A fall is a momentum that gives rise to a pump.
Is like pulling a string, to go farther you have to push it backer imagine it's a word
Once released boom it's off at speed that can scare you
Bitcoin price is highly unpredictable and the Bitcoin Spot ETF has even made predictions more complicated. I will not also be surprised to see the price keep rising till early next year. For now, we are expecting a correction which will give way to price increase. A fall is a momentum that gives rise to a pump.
Is like pulling a string, to go farther you have to push it backer imagine it's a word
Once released boom it's off at speed that can scare you
I agree with the op that a very high amount of BTC in the hands of short-term holders is a positive thing for BTC price. Some might worry that it's a bad sign because if people aren't hodling long-term, they can as easily sell their BTC as they bought it and drive the price down. But, actually, short-term holding means that there's high liquidity, and that people are willing to exchange BTC. Because hodling is good for hodlers, but not good for a currency itself, as low liquidity would make the price artificial.
Short-term bitcoin holders will actually not have a big impact on bitcoin price movements, because they only hold a small portion of the bitcoin circulating on the market. But the function of retail Bitcoin holders also influences the continuity of Bitcoin, because they are the spearhead that can bring people who don't know about Bitcoin to try buying and selling Bitcoin.If everyone chooses to invest in long-term Bitcoin, of course buying and selling activities will not occur every second. Instead, they only buy Bitcoin and continue to accumulate it until the investor's target is achieved, which could be decades away or at least until the next halving period.
I agree with the op that a very high amount of BTC in the hands of short-term holders is a positive thing for BTC price. Some might worry that it's a bad sign because if people aren't hodling long-term, they can as easily sell their BTC as they bought it and drive the price down. But, actually, short-term holding means that there's high liquidity, and that people are willing to exchange BTC. Because hodling is good for hodlers, but not good for a currency itself, as low liquidity would make the price artificial.
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