Topic: Who creates more impact in bitcoin price the Hodlers or Investors? (Read 587 times)

I think I can still say for a fact that Elon Musk was never an early adopter of Bitcoin from the beginning however I believe that even if Elon didn't invest in Bitcoin but because of his status, he will surely move the market as we saw with what happened to the market back then. However, I think the real people creating the impact in the market are the real Investors who keep buying and creating scarcity in the market and those traders with the shared power to also move the market prices.

Both hodlers and investor has great impart on price of bitcoin,without them buying and selling of bitcoin will not take place,those early abductors of bitcoin that held their fund till date are waiting for the right time to sell their fund,  they can also be refer to as investor,they invested their bitcoin in order to make more profit,because keeping it without selling it will not benefit them, so to me hodlers and investors are the same,they are both doing business.

Not to mention which one as both of them are having a huge impact on the market. With their existence and influence in the market, volatility comes more alive. Whether who is giving a huge impact in the market but can't just ignore how they could make the trend so crazy especially for the whales.

Holder- are investors
Investors - are holders

generally, they are just the same...

I think investors and holders both have an important role in determining the price of bitcoin. It is very difficult to determine who will determine the price the most between the two of them.

There is nothing to choose because both brings impact , without Holders market will not stand strong like what it does in bearish market, and also without investors market will also subside and keeps falling all the time.
so the thing here is both are helping the market and bringing impact , what i wanna choose is nothing but both because I myself is a Holder and also investor so i know where i stand and knows what i do .

I personally think that everyone has their impact on bitcoin price whether it be holders, investors or traders.

Holders are creating a long term impact and creating a stable growth in bitcoin price every year.
Investors are basically buying and selling over long time period and effects the bigger support and resistance levels.
Traders are buying and selling over short and mid term intervals and usually are the ones due to which sudden price movements occur.

So even if a person buys and holds it or sells it creates an impact on bitcoin price in one way or the other.

I guess there's no difference at all, the investors are the holder too they are the ones who bought and held their assets. At some point, it depends on the investor if they are going to hold for a short term or long term investment because we know the market is volatile some of them want to secure their assets and sell before the price dumps again, if you are a long term of course neglect the price action just keep it hold and wait for the designated profit you want.

When did Elon get into the picture that makes him an Earl adopter! Am sure there are others that will fit in this profile, I don't think the holders and investors explanation given represent the picture well,
An investor who bought and hodl however long is still considered a holder until he decided to sell, let's say holders and traders explain this scenario well,
Investors or holders create more price impact than day traders because traders will take profit at any slight percentage up unlike holders who will hold firm for the price to go high.

I think you can just mathematically calculate who exactly influences more. But I think that both of these groups influence the market in their own way. The first part of those who hold bitcoin and do not use it in any way - their "silence" in the market gives some signals to active players (the second group). Those who actively trade, perhaps only because of their own activity, can "more" influence the market by creating supply and demand there, thereby forming the price and trading volume. I'm still more inclined to believe that those who do something have more influence.

To play a single role? But, is that even possible? You're saying that you will only buy and buy more forever? I think that makes no sense, also the same when you hodl, are you only going to hodl forever and wont do any other actions? But all of us here are think have a duality when it comes to roles.

We buy when there is a dip and then we sell once there is a pump, as simple as that and for the news. News does not only motivate someone to buy and hodl more but it can also makes them worried and can make them sell. Do not forget that there are bad news too in cryptos and not just pure good news only. It is not important to know if who makes the most impact because of all us here can benefit from each other.

Hodlers are also an investors, the are the same. The only difference if the investors just hold for short term or choose to hold for long terms. Investors not just a holder but also the buyer and seller which give a higher impact in the market. Once the hodlers have a huge number of bitcoin on their wallet, of course it will help the value of bitcoin at a higher level. If short term holders/investors sell a huge amount of bitcoin, of course the value of bitcoin will drop, but I think not too much. So, the impact in bitcoin price is still depend on the demand and supply in the market.

I think you have mixed both the holders and the investors. Holders are not only those who held bitcoin in the early years when bitcoin was created. Even if anyone buys bitcoin now with the intention to buy are holders. And same goes for the investments. I don't see any difference between holders and investors.
Yes, you can differentiate between traders and Holders/Investors but not between holders and investors.

Its really made some confusion when i was reading .Actually both are the same .Investor just invest on it and if he/she hold the fund he/she will be the holder .So what make the sense of it that both are the same .Its true that actually it makes impact on the price to go through the volatile .I think he who invest on btc he will be investor and can play a single role on the market where price can ups or down .However one more thing what i wanna make clear that the news also can make a huge impact their to help to the investor to push him/her invest on the current market and hold until goes up .So that it is make more impact to the market .

Both holders and investors will have a large impact on the price of Bitcoin, if they promote to the public and invest in large amounts of Bitcoin.
As Tesla and El Salvador did when deciding to invest in Bitcoin, make Bitcoin price increase very high in 2021. Because this will trigger FOMO,
many people end up buying Bitcoin. If Tesla or El Salvador invested in Bitcoin secretly the impact would not be large. Now it's actually social media
that can make anything big, so indeed if a lot of people talk about and promote Bitcoin on social media it will have a big impact on the price of Bitcoin.

Aside from that, I don't agree that Elon Musk is early adopter (but the OP here used the word abductor). As others have stated, the more appropriate comparison is hodlers vs traders. At the current bitcoin price, the influence is coming of course from the traders along with other factors such as supply and demand, competition or regulation. Those who are holding have somewhat influence when it comes to the supply and demand factor. Because if they are holding, it means, the supply in the market will not increase. But in this scenario, we can't quantify their impact in the market. This is hard to evaluate as bitcoin's price is determined by many factors without defined percentage of influence in the market.

The question is not accurate. Hodlers are investors but it seems they are not in the question. I think the question should be edited to "Who creates more impact in Bitcoin between hodlers and traders?"

Traders are not holders or holders. They are not investors. Unacceptable fact for traders, there are more successful investors then successful traders. Bitcoin hodlers are most successful entities on the market, they are more likely whales so that they will have more impactful power on the market as well.

Keep in mind, the holder could dump the market anytime, can't pump. Do you know why? Holder could increase selling pressure, they couldn't increase buying pressure anyway. Though holders help indirectly to keep the market stable. On the other hand, new investors keep a direct role in the Bitcoin price bumps. Whether we know or are unaware of that, buying pressure will increase automatically when investors intend to take entry. We know as much as buy pressure increases, the price would be increasing as well. Yea, both are important for increasing price, because if holders release Bitcoin then it will be hard to pump price even investors take entry.

The holders do not impact bitcoin price because they do not even tell the public if they have bitcoin and even if they sell bitcoin, they will do that secretly.
The investors impacted bitcoin, but not all of them do that because some of them hold bitcoin for some time frame.
The news can impact Bitcoin price because when the news is released, it could directly or indirectly impact bitcoin price, depending on how many people are not getting the impact from the news.
The news then some people who become whistleblower can impact in bitcoin price.

I think those who invest then promoted their investment through tweeting what they have done and frequently talking about it to the public. In this case, other influencers will also follow their lead and common folks will have no doubt anymore since big names and companies are already involved. This is one of the reasons why we had the spike in the price last year because one after another they announced their investment in bitcoins and some other country are also planning what El Salvador has done.

If one of them is manipulating the market, then one of them is having a huge influence on the price but there is none, they can be both of the same influence on the market trend. Investors are also Holders, even trading can be also considered as holders(sometimes). They have different market plays, buying, holding... all the time the market price moves, not just because all people are holding nor they are buying but as these people went so active, up and down is most likely what we see.

For you to hold you must have invested you can't hold what you don't have in your possession so both category belongs to the same set of people and it takes collective efforts of everyone in the Bitcoin network to influence the price rate. Market price is typically moved by the whales because the have the huge funds to either ass value or depreciate the value of any coin.

These two things are different even though they have the same goal. Holders are much stricter about their desires and to stay afloat in any situation that hits the market, while day traders ^{[what you call short term investors]} are only concerned with short term fluctuations to their advantage. Both have different roles in this situation, but have the same meaning in the final achievement.

Fluctuations are caused by supply and demand occurring among the traders in the market. A big impact can be created by the occasional increase in demand that large investors are accustomed to regardless of whether they are long-term holders or simply taking advantage of short-term fluctuations to make a profit. CMIW

Wait… Hodler and Investor??? Isn’t these two the same thing? When you say A Hodler, you’re still referring to someone who is an investor, the right way to say this would have been between long term and short term investors or day traders, in which case I would say that the both of them makes impact in the market.

It doesn’t matter whether you’re a long term (Hodler) or a short term (day trader) investor, in one way or the other you’re contributing to the market. We need long term investors would invest in the market and keep it solid, and we also need the day traders to increase the volume of activities in the market.

Funny enough if we are look at this from both sides we would see that they are both contributing in one way or the other, just that some wants to hold for a long time and others wants to hold it for a short term.

But at the end, they are making impacts right? Without these investors that they have mentioned, the market wouldn’t be as volatile as it is for us to be able to make huge profit from it, it might even get boring and some of us would be bored to death lol. So, we need them to freshen up things a little while. And moreover those of us that are Hodlers wants to make that profit right? that’s it.

Holding is hard and many people have sold their coins by the time btc hits all time high. The market is compose now mostly of investors, they can be old ex hodlers that re invest or simple people that are new to bitcoin. investors may compose of popular personalities like Elon Musk which can influence the market too much by their huge wealth and popularity.

This creates a massive buy and self off but at the end of the day, the price still returns and the price still didnt dump that much, thanks to the powerful hands of hodlers. So yeah, hodlers have a bigger impact than the investors. Hope you are fine now, that your question have been finally answered.

And even if there was some kind of fundamental difference that allowed us to separate the two, does it matter who has the most influence when it comes to the price of bitcoin? What can we do with that information in the case one of those groups had more influence? At the end of the day it is one of those things that while interesting is not going to change anything even if we knew the answer, so I do not see too much of a point to think about it.

I agree on you. Although hodlers are also investors in the first place, but they chose to make less movements in crypto since they are more on long term hodling. While investors on the other hand, they give more impact to the market since they are more on buying and selling coins so they will end up with good amount of profits. But both of them aims for the same target, to make good profits. Its just that one chooses to be in a low risk by simply hodling their coins while investing, buying and selling has certainly higher risks.

Investors and Holders have different purpose and varied approach about the market. Investors were much focused on long term profiting. This means investors were the one to make more impact over the market than holders. Holders in my opinion were the backing people who enjoy growth out of the investors. The investors always push the market. Investors take the profit and reinvest. This keeps them into balance.

Holders have the target infront of them. This way the market won't get disturbed much, because whether it is bearish or bullish the holders won't move the funds. This means the market won't be disturbed by them out of panic.

Investor and holder make the BTC market, i Think small investor or trader beside the part of market. Bitcoin price more dip right now, few week ago bitcoin price was around $46k+ but now it $34k+.Bitcoin price will be increase and recover Again. I hope real holder don't be painc and don't sel their holding coin i think bitcoin price will be more rise in 2022.

Well I think that both Hodlers and traders and investors make the market in BTC, even small investors who are just getting in do their part, it is difficult to say that a Hodler can be an institution, because there are people who have so much money in their hands who do not know what to spend it on, even when they do not have any type of financial education there are people who handle very large amounts, I have seen some credit cards that never in my life had I imagined that they have such amounts, and I think those are the most potential to buy and sell BTC, it already depends on that conglomerate of people who can move the market even a little bit.

I know "hodlers" and I know investors. The main difference to me? The former actually have sole access to private keys, and have most likely in the past used Bitcoin (to buy or pay for stuff) or continue to do so on occasion. The latter probably only have some form of Bitcoin derivative (a stock or pegged-asset or whatever or an account on some platform that says they have Bitcoin but doesn't give them actual access or control).

Investors probably have more market impact short term. Holders, as users, contribute to long term value.

My couple of satoshis, anyway.

I think that what creates a price impact on bitcoin is the holders who want their goals to be achieved (meaning the target of releasing btc at a high price) with the support of new investors who want to own bitcoin, thus creating a new and high price on bitcoin itself
the point between the holder and the investor is that they both control the value of the btc price (in my opinion)

Well for me hodlers and investors both affect the price of bitcoin but when we were going to weight which one really creates more impact are those active investors. But when we will think the factor if the hodlers is a whale then this is where
He/she would going to contribute an impact to the price. They only differ from the time they would going to make an impact to the price but let's expect once a hodlers release its asset this will definitely contribute a bug difference.

I would argue that the HODL investor don't impact the bitcoin that much, it's mostly the other type of investors that influence the price. A real HODL strategy is not selling coins into a bear market, so there is no further downward pressure from them. This is a good thing and helps to retain some form of stability. On the other side when we are in a rally HODL strategy is also not selling. It just means that there are less bitcoins available to be traded. This also means that the other investors who actively trade their coins have a larger impact on the overall price.

The op's terminology is confusing to me. If we take into account early adopters that have been hodling for 5+ years without any movement of funds, I think it's safe to say they don't affect the market. But investors, according to the op, are also early adopters but those who sold BTC (at that time I'd say they contributed to declining prices) and then bought it again (contributing to the growth of prices). Both categories clearly miss traders, panic sellers and short-term investors who all, IMO, affect the price much more of a daily basis. If someone like Musk announces investment into Bitcoin, it causes a temporary increase of value, but daily changes soon create a correction, so it's people (or entities) who sell and buy fairly often that create the most impact, I believe.

What's the motive of investing is it not to hold I guess so which means both are the same sets of market players just that the entered the market at different time interval but the do the same thing to the price of Bitcoin. I was thinking you would rather ask between investors and influencers who moves the price more or better still you could still ask between minial investors and whales who move the market more

I doubt that there is a difference between HODLERS and INVESTORS.

In the former, you may also call them as investors since they prefer to HODL their BTCs until a desirable price has been reached (which is purely dependent upon them). On the other hand, investors are the ones who purchase BTCs either for short or long-term gain. Generally speaking, there is little-to-no difference between the two. The small gap that they may differ is that investors may prefer to trade their BTCs depending on the price.

Both of those choices are still investors and its just they have different methods on how they take actions towards on what they bought and we can say that both of them is important since hodler is adding the demand but doesn't contribute with the dumping happened and also the short term investors can also add the demand but in short term basis only. But any if this we cannot say someone do better or not since at the end for sure both of them is a lucky earner.

Of course it's very obvious that fluctuations of cryptocurrencies generally and importantly Bitcoin, the values of it price comes to acceleration through the gravitation of demands and supply, which we known openly that bitcoin surplus demands with insufficient supply, the ends product of it, is increment in bitcoin price.

So from the point...who is the investor and who is the holder? Am investor can be the demand and also be holder at a time, we are contradictory everything, if we peruse into these very well and read meaning into it, both above names is involved into bitcoin price skyrocket and they are one.

It’s just such investors as Elon Musk who have the maximum influence on the position of the cryptocurrency market, because we all remember his originally written tweets, when Bitcoin immediately went up, and he wrote this for his own benefit, in principle he did the right thing, earns on his name and brand.

I don't think that definition is necessarily correct. We've hodlers who didn't start hodling from the genesis of Bitcoin.

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On the question you raised in the title, investors create more impact in Bitcoin price than hodlers. We should remember that Bitcoin didn't have any value from creation even when Satoshi hedl some of it. It wasn't until the 10,000btc for pizzas happened that price value was bestowed on it. Hodling an asset without taking it to the market denies it of its value. Let's look at it this way, if everyone decides to hodl their Bitcoin without selling at all, you think price will spike? Nah! It won't. Instead it will cause the coin to flop. Interested investors and traders will simply move away from it in loss of interest.

TBH, its really hard to know which has more impact with the Bitcoin price.
Hodlers can also be investors and investors can also be hodlers.

Hodlers are affecting the price by holding some Bitcoins reducing the supply and when the demand is increasing or at least the same then price will increase. Investors on the other hand affects the price by buying and selling Bitcoin.

Aren't they the same? Hodlers are a type of investor, no matter what you say. I'd actually think that the more active day traders would be the ones creating the most impact on the market since they're the ones doing the movement on an everyday basis. Investors/Hodlers are people who simply hodl the coin and wait, they invest big so the returns would be rather big as well. Still though, I'd consider day traders as a type of investor as well so that might be wording it just wrong, might be better to take them as hodlers instead of adding investors to the mix.

I think it should be holders because without them bitcoin will collapse..i know mostly whales are investors but of course there's a whales as well that holding bitcoin and keep adding more when there's a fluctuation reason bitcoin always recover and break all time high. So for me no doubts that holders has a big contribution than investor although both of the can give an impact but holders are the strong one on both side.

If you differentiate them like that, then I would say Investors have more impact due to them having more assets to invest in the first place and my personal belief that most of the early holders are in fact not holding anymore. However, in the grand scheme of things, both equate to the same percentage of impact more or less. It all boils down to me believing that in the long run, both of those are the same, as those same investors will in fact hodl because that's how it's been done for years with investing in stocks, bonds so on, and so forth. So both of them do impact, but it's hard to say how much.

Actually there is no difference between those who you call investors and those that you called the hodlers. They are both the same, and it is all investment, whether you decide to hold it for a long time or just for a short time. When it comes to investment, there are short term investments and long term investments, so it’s all about the investor and how long they can be able to have patience. And both of them can make impact in the market.

There’s always money that is still going in and out of the market, and it doesn’t matter whether it is coming from someone that is investing for a long term or short term.

Correct! You can't be a hodler if you didn't invest on it in the first place, so every investor is also a holder and vice versa. No matter how much you invest or hold, you're still get to be called by both names. And about impact? Well both players and there's no greater than one another. Investing and holding on the same time creates an effect or impact that can move the value of bitcoin as the supply and demand increases day after day.

Who has more impact on the price of bitcoin holders or investors? First of all let me say that both have an equally important role in bitcoin price movement. Actually the holder is also an investor, but maybe there is a slight difference there, that's why you use the word "holder".
For the most part I think investors are holding back, because they are selling/buying more.

HODLER is a meme not an actual category and it is the same as an investor. They have the same impact on bitcoin price and it is small. The main impact is from day traders who are actively participating in the market and have orders on major centralized exchanges such as Coinbase, Kraken, Bitstamp and Bitfinex. Otherwise anyone else who is not participating in the market (ie. holder/investor) aren't placing orders to change the force against the direction price is going. For example no resistance against dropping or rising with buy orders or sell orders respectively.

I personally think that holders and investors both create impact in the price of Bitcoin, especially in the sense that users can be the both actors in the market. But with the question of who create MORE impact, I think that would depend on the volume that holders or investors have on their hands, and how much do they sell, that makes the market move significantly. Nonetheless, collective amount of bitcoin acquired by both is surely huge, and regardless of the volume, I believe that they do both create impact in the market in their own ways.

For me it's the investors, they're the one that has more impact than hodlers because they make the market move by buying and selling their bitcoin and they influence other onlookers into considering to invest. But that's not to say that hodlers don't have an impact too, hodlers are the reason why the prices go up to and raise the price plateau by withholding bitcoins and preventing from being reintroduced to the total circulating supply.

well, investors and holders both hold bitcoin. who holds the most bitcoins, then that will have an impact. but, I think, they are the same thing. the holders hold the coins they have as a form of investment. Yeah, that's what I understand. if you ask who has more impact, then both of them have the same impact depending on the number of bitcoins they have. holders holding 1000 bitcoins and investors holding 1000 bitcoins both have the same effect.

I normally assume hodlers are people who buy bitcoin for a price that means any newer buys after a certain time barely make an impact in their portfolio.

If you imagine someone putting $15k into bitcoin and getting 100 in 2015 and kept holding until now, that'd be a (potentially extreme) case of someone I'd consider a hodler.

There are definitely going to be gray areas between everything though and there might be a reason some people continue to invest in bitcoin (as apposed to just taking profits if someone did hodl something near that).


Yeah, a lot of this is due to market unknowns and complexes with individual retail traders to exclusively be happy with profits and accept little else - there was a discussion I remember from a while ago about trying to get exchanges of actual risk of crypto investments.

They are all investors. Hodlers also invested in Bitcoin. Perhaps you wanted to compare those who invested and hodled their Bitcoin, or kept their Bitcoin investment for a longer time period, and those who invested for short-term profit.  

But you are probably wrong in your examples. I think both Elon Musk and Michael Saylor are not early adopters of Bitcoin. They came a bit late, only recently in fact. Moreover, they didn't use their Bitcoin profit to invest in other business ventures. It was the other way around. They both have businesses and converted some of their profit into Bitcoin.

^ I think they are just the same, are the investors won't be a holder? I think yes, both of them are the same and that could be a holder as an investor.
If someone will hoard BTC that will have an impact on the price, as the price moves through the demand and the supply, and every time investors decided to hoard, it could have an effect on the price. However, both of them can create an impact but the majority is the holder which totally holds the supply which makes the price becomes expensive.

No difference between them IMO. Investors are also hodlers too, though they are actively engaged in trading in the markets, but they still keep some coins from the circulation similar to what hodlers do. At the end of the day, they both invested time and money on bitcoin, though the investors are somewhat more active in doing so as they keep on reinvesting profits and taking out their money whenever they have to. They are both essential to bitcoin, hodlers making sure that value is 'retained' in a way and investors making sure that the market stays fluid and working.

There is no big difference between the holders and the investors when we talk about the cryptocurrency. But in real-time an share holder is a individual/corporation that hold atleast a single share/stocks/asset/coins. An investor is a person/corporation that puts money to grow the business. Both have got different meaning, but the ultimate outcome expected is profit.

With bitcoin price both have equal contribution, and the investors have little above the holders. Because just on holding the market won't progress unless there happens something. This is achieved through investment which paves way for widening of the market.

Many of the players, from investors to first time buyers, that are buying at this stage don't hold long term. It's when the price of bitcoin starts to climb that the majority of the holders come back in. Once it starts to become mainstream they tend to buy. As the hype wears off a lot of the investors go back to their day jobs. 

What if I can be a holder and an investor at the same time with that description?

The best factor that gives more impact to the price of bitcoin is the usual, supply and demand. Whether you're a holder, an investor, a trader or a speculator.

As long as supply and demand moves, that's how it's affected and changing.

I agree on you. Bitcoin price depends much both from hodlers and investors. And if we zoom it out, hodlers won't be hodling their coins if they have not invested in the first place. So they are investors and hodlers at the same time, and they both control the price of bitcoin.

However, long tern hodlers does not create more price movements as they are only waiting for the right price to sell, but traders on the other hand have more frequent activities like buying and selling more often, so i agree that they give more impact on the price of bitcoin compared to long term hodlers.

Investors - buy - price go up on demand.

Investors - buy - the price goes up on demand-  hold - the price fluctuation occurs.

The above scenario keeps happening in the market and causes price fluctuations. The supply and demand process will always influence the price of bitcoin and we don't really believe who has the biggest impact on the market. A holder is someone who has bought and kept an asset, without trading activity they would not affect the market at least they don't get the market down by big sellers.

I think the stipulation is not on what category they are in this space (holders or investors) but on how they operate in the market. This means that trading activity is what makes the market the most influential, not investors or holders.

Frankly speaking, the most basis on where value is been determined is on through exchange platforms on how much coins been purchased or bought or how much had been sell off and this is where
we do really vary up.

Holders/investors/active traders/long term ones , it wouldnt matter yet it does contribute the over all value which we are seeing now.Liquidity or volume is the proof of that.

Thing here whats important is that we do able to see that there's some progress with these movement differences.

Are there still early abductor hodlers? I can't imagine a person that bought, mined or collected bitcoins at an early stage and hasn't still sold them, if there are any, then great!
By the way, they have their place in crypto world. They hold Bitcoin, a currency that is in high demand and the demand on it increases every time, it's like a treasure that some people have but everyone wants. So, some people trade with this treasure, some hold it tightly. I think the number of hodlers  increases every as time goes, so is the demand, more and more people want this Treasure (aka bitcoin) but less and less people trade it for sell. But when someone sells, usually, the buyer is a new holder, so, yes, this is a magic net.

I wouldn't dedicate investors from hodlers because hodlers themselves are investors and so is the opposite. But the OP forgets one important factor: There are people who just use it for daily payments and these people buy bitcoin according to the market price, they don't care whether it is $50,000 or $500 because they just want to send it, receive it and get equivalent in USD at the end of the day. These people can somehow push the price higher if there are many slightly increased sell orders and the demand on daily bitcoin transactions are high.

It sounds like somebody who doesn't know much about business trying to describe things. The word you are looking for is "adopters" not abductors, which means something totally different. First off, for all the people who claim to be "hodlers" the average person has a life to live and they need access to funds, so unless they were here before the last couple years then chances are they have only doubled or maybe quadrupled their starting capital - so they either had a lot to start with and got richer, or they changed a small amount into something not much bigger. To people like Elon, cryptocurrency is just a toy, another way for them to play with their followers for giggles and it is irrelevant to their wealth. Due to the amount of followers they have, sometimes like we see with Dogecoin, they can induce lots of buyers but the interest is usually fleeting.

tl:dr;
in short. mining costs and cost of acquisition has more of an impact than the 19m coins in circulation being hoarded.
but ultimately its the active day trader actually making the orders that impacts the price the most. because they are the ones setting the price.

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the waffle explanation:
the bitcoin exchange market price is not affected by:
- the 19million coins in circulation (hoarded on keys).
- the 1-2mill coins deposited onto exchange hot/cold wallets.

bitcoins price is affected by active and just 'taken' marker orders on the market order book
EG independent cold store hoarders or those using an exchange as a hotwallet custodian, but not buying/selling. do not affect the price. because they are not buying/selling to set the price

as for those with market orders. its not a simple supply/demand.
this is because although in 2012 bitcoin had ~11mill coins in circulation and MTgox had many millions of coin alone
mtgox orderbooks were 10-1000 coin per order.

now in 2022. where there is 19mill coins in circulation(more general supply) market order lines are more like 0.001-1

what you find is that when there is less bunches of dollar. EG people are only offering $43 for 0.001 its not like the sellers are going to 'wall' the market with 10-1000 btc orders that never fill to move the price.
instead the sellers also depreciate how much they put in at any order line by also going down to 0.001 to match the demand

so its not a simple supply demand. its actually several layers of psychology changing whats deemed as supply.demand
..
that said only those making market orders affect the price. no one else

..
to add another aspect to this.
what people think is fair VALUE of a range thats ok to trade between. is more of a less refined and slight speculative range.
for instance in iceland/russia they value bitcoin at $30k because they can mine it for that. america values it at $40k. and japan values it at $70k

so japan think the bitcoin price is undervalued(super cheap) because they cant even mine it for less than $70k
so iceland think the bitcoin price is overvalued(premium) because they CAN even mine it for less

as hashrate and mining costs increase. this impacts the value range people are willing to trade between

in short. mining costs and cost of acquisition has more of an impact than the 19m coins in circulation being hoarded.
but ultimately its the active day trader actually making the orders that impacts the price the most. because they are the ones setting the price.

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well technically they are no longer hoarders..
hoarders dont sell. thats what makes them hoarders

Both, holders and investors creates an impact in the price equally but in a different way. You definition of hodler seems to be wrong. Anyone that buys and holds for long term are hodlers. All hodlers are investors. I guess what you meant over here is traders instead of hodlers. Traders buy and sell frequently to make profit. Traders have an impact on the price more. When most traders decide to sell, the price starts to crash within a short time. On other hand if most traders decide to buy, the price goes up. So traders can create price volatility. Hodlers on other hand impacts the price in the long run and the impact is usually short. Like suppose a long term whale hodler decided to sell his bag. This will cause the price to crash, but they usually recover soon. Small hodlers have little to no impact on the price.

You are putting yourself into confusion, because their is no difference between the hodlers and the investors, if you understand what is hodlers and investor it will be very simple for you to differentiate them with common sense, mate both are the same thing, and is the same function bith pertake in bitcoin, a hodler is an investor because is hodling it for it to have profit, we are not making any differentiation about them usual

It was never strictly the fact that:

hodler = one lump sum purchase
investor = multiple buys or DCA

Let's not forget that a hodler is just broadly someone who holds bitcoin. Not a group of people with a strict buy strategy.

I think it doesn't matter who are you, what matters is the holding you have. The size of your holding makes you a whale and these whales combine their holdings and then make even more powerful moves in the market. These are the people who actually effect the price. A person who is just holding from the very start and has never sold will obviously not have any effect on the price directly but yes in a longer run these are the people creating scarcity of this resource so they just effect overall valuation of bitcoin, while investors and whales determine price movements and cycles.

Holders have much more of an immediate price impact, while investors have a distributed price impact in your example.

If you buy or mine all your coins all at once, you're going to move the order book quite a bit (especially if you're old enough to have amassed a decent amount of money). Conversely, investors might do things like dcaing and buying crypto as it drops so they have more of a hedging/balancing effect on the market.

Musk and Saylor didn't become rich by being early Bitcoin adopters. "Hodler" is just a meme way of saying "long-term Bitcoin investor". Saylor swears that he will hold his coins forever, so he might qualify as one. Musk did dump a portion of the coins rather shortly, but AFAIK still holds the majority of them. He probably could also be called a "hodler" even if he's not a bitcoin permabull.

I will say that the investors are people who has made some good funds and profits from their business and found out with some reasons that if they invest in Bitcoin and hold, there will be price appreciation and which will make more profits for them. With observation, investors are more interested in business that has more chances of making more profits than losses. For the hodlers, this is mostly by participating in the tasks that pays in Bitcoin, and hold for the long term to see appreciation. Well, the two parties aim for one thing, making of profits is the major aim, and when there is profit, they will both takeout profit, for the investors, to balance up their investment capital, while the hodlers take out profits for extra cash at hand.

It depends on the type of impact that could be created, in my own opinion the holders create a positive impact on Bitcoin, while the investors I would divide the into short term, panickers and long term, short term creates a negative impact but it minimal compared to those panickers they are the inexperienced ones, but the long term are preferably ok, so in general I would say investors creates more impact on Bitcoin it terms of positive and negative impact.

What's the difference? Both set of people are both "hodlers" and investors at the same time. The only small difference is that investors sometimes sell; maybe to re-balance his/her portfolio when he/she ends up being over-exposed with BTC. But you could also say the same with "hodlers", whereas they may sell when they suddenly need extra money.

In summary: no category is better than the other, knowing that not every hodler and not every investor is the same, and it's pretty much a 90-95% overlap.

The two main factors of bitcoin market hodlers and the investors sometimes I query myself about how much impact they have made in the price of bitcoin.

Note: The hodlers are early abductors of bitcoin that held their funds till date
         The investors are the early abductors that sold and invested into their business then later invested their profits into bitcoin. E.g Michael Saylor or Elon Musk.