The number of hodlers | Bitcointalksearch.org

Questat

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Quote from: Codswallop on July 20, 2022, 01:45:49 AM

Well, not everyone wants to sell as soon as the market goes through a major shift. Many people hold until the market recovers a little before they make their moves. I don’t think the market will dip compared to the previous years. It is still bearable.

That is also what I think but, we can't assure that everything went okay and no longer a huge drop to come after this short break. The price went a little bit high giving some chance to sell which is it become uncertain if this uptrend momentum will stay longer or just another drop taken again.

For now, we haven't a clear vision of what it happen next but I was predicting for the price it never goes far away from $20k, might just it go around from $20k- $25k.

BobK71

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Quote from: virasisog on July 17, 2022, 12:43:13 PM

Quote from: wxa7115 on July 17, 2022, 04:23:28 AM

Quote from: TeslaWatt.com on July 11, 2022, 03:03:17 PM

Although the on-chain indicators point towards the worst-ever BTC bearish market, they also underscore the increasing resilence of holders.
The number of holders not selling ever under extreme market conditions has become higher than in previous bearish markets.

I think it is a little too soon to be talking about this since the bear market is not over, we can talk with certainty about what happened during 2018 and beyond since that bear market is over.
But in this case, the bear market is still ongoing so there is a possibility that many people that are still holding their coins today get desperate and sell their coins if the price of bitcoin keeps going down and it shows no possibility of recovering during the short term.

People already know how to take advantage of the bearish market so most investors nowadays are accumulating and holding more Bitcoin since the price is still cheap. Lots of investors are holding while waiting for the market situation to get better and for the price to recover so the number of holders isn't questionable.

For those who have been observing the movement of BTC for a long time and who believe in BTC, neither bearish nor bullish can change their mind. Rather, they interpret bearish markets as an opportunity. In a bull market there is a possibility that the market can fall down anytime. Similarly, the opposite happens at bearish Market. So consider this bearish market as a way to change your fortunes. Hold on according to your ability.

Codswallop

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Well, not everyone wants to sell as soon as the market goes through a major shift. Many people hold until the market recovers a little before they make their moves. I don’t think the market will dip compared to the previous years. It is still bearable.

Kelvinid

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Quote from: AmoreJaz on July 17, 2022, 04:56:47 PM

those are crypto users who have strong belief that bitcoin has good future. most of them i believe, have seen the countless up and down movements of btc throughout the years. so for them, this period is one of the good opportunities to accumulate more before it goes up again. this is the good thing in this market, we all have our freedom how to put our game plan in order to improve out portfolio.

It is vital for us to learn to ignore these dumps and consider holding and buying more. Real investors won't just look at the daily market changes as it is really a big factor that could their minds but what they do is focus on the long-term possible reach of the market believing that it grow further. In fact, as we can see institutional investors and whales are still accumulating more potential coins as they are sure about the future of the market.

We are in fact so thankful that many people had learned to hold despite the situation as this even help not to worsen the market drop.

AmoreJaz

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Quote from: virasisog on July 17, 2022, 12:43:13 PM

Quote from: wxa7115 on July 17, 2022, 04:23:28 AM

Quote from: TeslaWatt.com on July 11, 2022, 03:03:17 PM

Although the on-chain indicators point towards the worst-ever BTC bearish market, they also underscore the increasing resilence of holders.

The number of holders not selling ever under extreme market conditions has become higher than in previous bearish markets.

I think it is a little too soon to be talking about this since the bear market is not over, we can talk with certainty about what happened during 2018 and beyond since that bear market is over.

But in this case, the bear market is still ongoing so there is a possibility that many people that are still holding their coins today get desperate and sell their coins if the price of bitcoin keeps going down and it shows no possibility of recovering during the short term.

People already know how to take advantage of the bearish market so most investors nowadays are accumulating and holding more Bitcoin since the price is still cheap. Lots of investors are holding while waiting for the market situation to get better and for the price to recover so the number of holders isn't questionable.

those are crypto users who have strong belief that bitcoin has good future. most of them i believe, have seen the countless up and down movements of btc throughout the years. so for them, this period is one of the good opportunities to accumulate more before it goes up again. this is the good thing in this market, we all have our freedom how to put our game plan in order to improve out portfolio.

lalabotax

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Quote from: TeslaWatt.com on July 11, 2022, 03:03:17 PM

Although the on-chain indicators point towards the worst-ever BTC bearish market, they also underscore the increasing resilence of hodlers.
The number of hodlers not selling ever under extreme market conditions has become higher than in previous bearish markets.

How do you know if more people prefer to hold in the current bearish market? It is according to your own research or you get the information from a certain source? Please share the source link if it is not your own research.

It is actually not really surprising if more holders not selling their coins during the current bearish because they already know well how bearish-bullish works. They know bearish won't last forever, and they know if the next bullish probably happens after the next halving. It can be learned from the previous bearish-bullish. I think it indicates that holders become smarter and braver.

https://www.livemint.com/market/cryptocurrency/2022-crypto-bear-market-worst-in-history-report-11656317619942.html
https://cointelegraph.com/news/a-brief-history-of-bitcoin-crashes-and-bear-markets-2009-2022

Newlifebtc

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Buying and holding of cryptocurrency this turnaround is the best time and the best opportunity to buy cryptocurrency and hold it because the way I am seeing cryptocurrency it is increasing in the market and if you happened to reach next year 2024 and the 2025 2023 which is the first year after 2022 cryptocurrency will change colour and the prize will be well-known and people who want it will be a beneficiary to eat

Jemzx00

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Quote from: swogerino on July 17, 2022, 03:38:32 PM

Quote from: mich on July 16, 2022, 11:20:52 PM

In a bearish market my number one priority is holding long. When I’m looking at new investments, I always try and bet on winners that I really believe in on a long enough time horizon. The reason I do this is because even if the market collapses, I know that my investment is safe if I can just wait out the negative conditions.

Personally, at the moment I’m heavily invested in BTC and there is no way I would consider selling. I believe in the technology and I understand the value but it may take a while for the price to reflect that.

I do something similar like you.I mine Bitcoin,work for Bitcoin in a couple of websites and also earn some from the signature campaign.I hold 50% of my earned amount in total and the other 50% I like to invest some of it and about 10-15% I gamble in trying to hit that life changing event jackpot.I have great self control,I was once addicted but it is a thing of the past.By hodling the majority of our coins we are being ready for any type of inflation,here where I live the inflation in reality is like near 33% from that 8.6% the government shows and having Bitcoin for such situation has been my insurance against this situation.That is why it is always good and advisable to hodl as much Bitcoin as you possibly can.

Having a high inflation on our society right now has affected a lot of people and having an insurance in case things go south would be the best bet. It's great to hear that you are having so much hustle on maximizing your earnings on bitcoin via multiple workloads and passive income such as mining. I am correct to assume that you also have a job for your financial expenses aside from bitcoin as you've been holding most of your bitcoin as insurance.

By the way, I have been saving and accumulating more and more bitcoins as much as possible through trading, signature campaign as well as buying more with my extra income as I can see a high possibility of bitcoin bouncing back anytime soon.

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Quote from: mich on July 16, 2022, 11:20:52 PM

In a bearish market my number one priority is holding long. When I’m looking at new investments, I always try and bet on winners that I really believe in on a long enough time horizon. The reason I do this is because even if the market collapses, I know that my investment is safe if I can just wait out the negative conditions.

Personally, at the moment I’m heavily invested in BTC and there is no way I would consider selling. I believe in the technology and I understand the value but it may take a while for the price to reflect that.

I do something similar like you.I mine Bitcoin,work for Bitcoin in a couple of websites and also earn some from the signature campaign.I hold 50% of my earned amount in total and the other 50% I like to invest some of it and about 10-15% I gamble in trying to hit that life changing event jackpot.I have great self control,I was once addicted but it is a thing of the past.By hodling the majority of our coins we are being ready for any type of inflation,here where I live the inflation in reality is like near 33% from that 8.6% the government shows and having Bitcoin for such situation has been my insurance against this situation.That is why it is always good and advisable to hodl as much Bitcoin as you possibly can.

virasisog

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Quote from: wxa7115 on July 17, 2022, 04:23:28 AM

Quote from: TeslaWatt.com on July 11, 2022, 03:03:17 PM

Although the on-chain indicators point towards the worst-ever BTC bearish market, they also underscore the increasing resilence of holders.

The number of holders not selling ever under extreme market conditions has become higher than in previous bearish markets.

I think it is a little too soon to be talking about this since the bear market is not over, we can talk with certainty about what happened during 2018 and beyond since that bear market is over.

But in this case, the bear market is still ongoing so there is a possibility that many people that are still holding their coins today get desperate and sell their coins if the price of bitcoin keeps going down and it shows no possibility of recovering during the short term.

People already know how to take advantage of the bearish market so most investors nowadays are accumulating and holding more Bitcoin since the price is still cheap. Lots of investors are holding while waiting for the market situation to get better and for the price to recover so the number of holders isn't questionable.

wxa7115

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Quote from: TeslaWatt.com on July 11, 2022, 03:03:17 PM

Although the on-chain indicators point towards the worst-ever BTC bearish market, they also underscore the increasing resilence of hodlers.

The number of hodlers not selling ever under extreme market conditions has become higher than in previous bearish markets.

I think it is a little too soon to be talking about this since the bear market is not over, we can talk with certainty about what happened during 2018 and beyond since that bear market is over.

But in this case the bear market is still ongoing so there is a possibility that many people that are still holding their coins today get desperate and sell their coins if the price of bitcoin keeps going down and it shows no possibility of recovering during the short term.

Smack That Ace

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Quote from: worle1bm on July 13, 2022, 11:57:17 PM

Have not sold my stash now and only holding at the moment some coins I have bought back not a significant amount but still trying to accumulate more with whatever amount I can at these dips.But at this time only holding my coins for long term and maybe will sell some of it once it cross $50k or so but long term holding is option for me.

There are currently few people who have the courage like you who continue to buy bitcoin in installments in this decline, I appreciate what you are doing. And I say your decision is right when you invest in the long term, because I also believe that in the future bitcoin will be able to return to the price we want. May success be with you.

Surely bitcoin will rise again once the bear cycle is over. I hope you not only should not sell your bitcoins but try to accumulate as much bitcoin as you can because bear season won't wait for us. Once the bear season ends the bull season, we will no longer have the opportunity to buy bitcoin at a high discount price like today.

I don't have too much money because I have to spend a lot of things for my daily life but I still accumulate bitcoins whenever I get a chance.

Issa56

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I made a great mistake in 2020 during the pandemic by selling part of my bitcoin because of the dump, over the years have learnt my lesson, I don’t really care if $17k was the bottom or we are still expecting more dip but no matter how bitcoin dump this time around am holding and not selling, if am even having extral funds I will bag more bitcoin no matter how dip we go.

mich

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In a bearish market my number one priority is holding long. When I’m looking at new investments, I always try and bet on winners that I really believe in on a long enough time horizon. The reason I do this is because even if the market collapses, I know that my investment is safe if I can just wait out the negative conditions.

Personally, at the moment I’m heavily invested in BTC and there is no way I would consider selling. I believe in the technology and I understand the value but it may take a while for the price to reflect that.

qwertyup23

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Quote from: TeslaWatt.com on July 11, 2022, 03:03:17 PM

Although the on-chain indicators point towards the worst-ever BTC bearish market, they also underscore the increasing resilence of hodlers.

The number of hodlers not selling ever under extreme market conditions has become higher than in previous bearish markets.

I think this has something to do with the fact that the price of BTC reached an ATH last year around $60,000 on the market.

Given the wide array of knowledge spread across the globe, at least almost everyone knows about the price history index of BTC over the years. With that hope in mind, majority of the BTC HODLers (including myself) rely on the hope that its price will recover sooner or later, though no one knows when.

Also, there is nothing much to do in this bearish market. If you sell your BTCs, then you lose majority of your investments. If you actually HODL, then you run in to the risk of its price decreasing. But the fact that it reached an ATH last year means that its price may potentially recover.

ChiBitCTy

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You know you do bring up a really good point I personally have been overlooking. Sure it’s another ugly bear market, but unlike each times past, there are more and more people who believe, who aren’t throwing in the towel and who are in this for the long run. Honestly kind of forgot about this of late.

PX-Z

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So, by what criteria was it determined that this was the worst bear market ever?

I bet op is talking about the price dumps since the ATH at 69k and now we are on 20k, actually its just 70%~ish decrease unlike the 2020 bear season where its almost 90% decrease and tanks at 3k lol.
So his stand is somewhat understandable when talking the price digit per billion of dollar have got lost due to the bear. Some business shuts their service too.

Welsh

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So, by what criteria was it determined that this was the worst bear market ever?

Probably, because there's other things going on outside of Bitcoin. The world is heading or already inside one of the biggest recessions most of us would've ever seen. Thus, it's natural to be a little bearish. However, just because buying hasn't exactly stood still yet, doesn't mean it won't. We aren't feeling the full effects of the recession yet, and within the next year, I suspect Bitcoin transactions will be down considerably. I'm not saying it'll lose further value during this, but the market won't be seeing as much Bitcoin being moved.

This will likely be worse than the previous stand stills we've had, since a recession means most people are struggling to live pay check, let alone put their money into a currency which is so volatile they might lose 70% of their investment in a week.

Bitcoin will be bought by those who have spare cash, these types of people are usually the wealthy elite, since they are the least effected by a recession. When we start seeing on mass redundancies, and job losses, that'll be when the true effect kicks in.

Although, I agree. It's not all doom, and gloom right now, and for those that aren't living pay check to pay check, you've got the opportunity to accumulate as much as Bitcoin as you can, while it's on sale.

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Quote from: btc78 on July 14, 2022, 06:01:48 AM

look at the answers and votes, majority says they HODL but we can see at the bitcoin price movement that there are majority that sells instead of holding , I myself HODL but Sell some bitcoin also for my own safety .
at least if the price continues to fell then i have funds to buy more bitcoin or at least i have budget in times of emergency needed of funds,

That's hard to determine. However, I would say that a lot more people are holding on this dip, than the ones previous to it, which kind of suggests there's a little more faith in Bitcoin this time around. The only difference with this one is we'll be battling a recession alongside it, so Bitcoin might not return to previous highs for a while, which could hurt that confidence in the long run.

Honestly, I don't see us recovering this year, and probably not even next year. People will be too worried about living costs than investing their money, or using a alternative currency which has hit a bit of a dip.

jostorres

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Quote from: dataispower on July 14, 2022, 07:10:45 AM

Quote from: TeslaWatt.com on July 11, 2022, 03:03:17 PM

Although the on-chain indicators point towards the worst-ever BTC bearish market, they also underscore the increasing resilence of hodlers.

The number of hodlers not selling ever under extreme market conditions has become higher than in previous bearish markets.

how did you know what you know very well is what you will expose to air, this bearish market is something that repeat it self every blessed four years since the existence of bitcoin. Not the holders who knows or caused the bearish and bench lines of bitcoin this time. Holding Bitcoin they are only holding it for their own benefit and the prophet so there is nothing I can say that holders are the causes of these Bitcoin be in the bearish market

I disagree that it's every 4 years, but people somehow do. It was 3 years when it first happened, now it's 4 years. The first peak was in 2014, and the fall was in 2015, whereas the next one was in 2017 and drop was in 2018, which as you can see is 3 years. Just because it was 2021 this time around and 2022, that doesn't mean it's every 4 years.

However, I agree that there is a good chance we could see it happen to be 4 years again, it's either going to be in 2024 or it's going to be in 2025, when we will see the price go up very much. This doesn't mean it will happen for sure without a doubt, but the trajectory we have overall shows that there is a good possibility of it.

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