Topic: "Why haven't the earliest participants sold their Bitcoin, and some haven't even - page 2. (Read 659 times)

Even though it might look like the earlier participants have sold their Bitcoin which I don't think so, we should learn the habit of holding and not selling just for little profits. We can make good profits from the market if we learn to hold for a long time.
There is better profits in holding and those that have the mentality of selling after the market had moved slowly from a particular price to another price within a small price difference, we should not know that we are not a good holder and profits will be less.

Most the time people forget their password so their tokens remains saved in wallet forever so they cannot use it neither for profit nor for uses. BUT their is also another reason for this like some people have set a goal due to which they are unable to sell their coins before they reaching to that price. There are different reasons but it will depends on a person's mind that why he is not using his saved coins. In my opinion people often want to wait for four years of duration and sell their coins only at the time of Bull market. Some people are too rich that they don't require selling of their coins so that's why they wants to hold bitcoin for years.

• The likely most relevant answer is, most people must have forgotten their keys to access the coins  
• Another most relevant answer could be that most bitcoin hodlers are dead, especially after the COVID 19 out break  
• Another relevant answer could be that some are very much wealthy that they don't need bitcoin money. Maybe they are waiting to see if bitcoin will turn to a tool to control the work  
• Another relevant reason could be that bitcoin price has not gotten to what they want. While many people are speculating and waiting for $100k, don't forget that there are people waiting for $1M. That is the truth, no matter how weird or ridiculous this might sound.  

Not everyone are in the side of selling their bitcoin or have that passion of selling their holding due to either wanting to take profit by selling their total holdings while there are other who are sole traders and they sells whenever they noticed every little changes in the market and would want to utilize every given opportunities to increase their profitability. Those wallet with thousand of bitcoin in them that hasn't made a transaction for long time could be as a result of misplacement of keys hardware wallet, lot of people faces this challenges because of war or flood victims especially fire incident can likely cause wallet to be entirely dead and not being active.

Well, we are all speculating but I believe that we can't have another bitcoin out of this bitcoin we already had and again Satoshi won't come revealing themselves. Who knows if they are company or groups of persons that comes together to create bitcoin, so in my opinion we can have only central bitcoin though any other coin can be created but not as exactly as Bitcoin because bitcoin has already taken the place as the number one currency that can never be beaten by another coin out there.

You didn't missed anything single moment, you can still buy bitcoin hold as little as you can, maybe who knows what tomorrow would give birth to?
Tomorrow's we can find Bitcoin worth a half million or almost a million and the fraction you managed to accumulate today will worths hundred of thousands tomorrow, so take the bold step and start your bitcoin journey.

There can be many explanations for very old untouched crypto wallets. The easiest explanation is probably that the investors don't really need the money and believe in the long term growth of Bitcoin. The bitcoin price had a good recovery in the last few weeks and some people could be interested in taking profits now. But if you have been around since the beginning of crypto currencies, you have seen the bitcoin price close to 70,000 USD. When you didn't sell at the ATH, why should you be selling today? Also with the halving coming up next year it makes a lot of sense to wait longer before selling. Another explanation why the coins in these wallets are untouched could be that the investor lost access to them, or the investor died in the worse case and nobody from the family knows about it. There are quite a few stories about people losing their keys and all their bitcoin.

I hope the person you mean is not Satoshi Nakamoto, because he will never touch the Bitcoin in his wallet ever. Different cases may happen to the people you mean, many events that were never expected before can make them no longer able to touch their Bitcoins. Common cases occur due to loss of access to open the wallet and death of the original owner.
If the wallet with Bitcoin stored in it can no longer be accessed by anyone, then the circulation of Bitcoin will decrease. It is necessary to educate traders or investors who are just starting to invest in Bitcoin to always protect or store their private keys in a safe place, because if they lose access to open their wallet, their assets will be frozen forever in that wallet.

 Well, for those who have been hodling for a decade might have been living a very good life these days after they have sell their bitcoin and enjoy their massive profits. While for those who are only hodling a little amount and still hesitant to sell most probably they want to maximize their bitcoin accumulation, then they will definitely continue to hold onto their bitcoin.

However, for those who have been hodling bitcoin without performing with caution, their seed phrases or their wallet keys might have been forgotten and that until now they are still in the process of recovering their wallet keys especially that bitcoin price has become too expensive compared to the time they bought it first. And lastly, others might have prioritized altcoins over bitcoin, and they chose to neglect the potentials of bitcoin because they are too busy collecting altcoins.

there are many reasons why they don't sell their bitcoins, the most common reason is that they lose their phase .  they think btc is worthless so they forget it  and they realize when btc is as valuable as it is now and they forget where to save their seeds
one thing is impossible if BTC owners never sell their BTC especially since they have already made a 1000x profit from when BTC was first introduced.

If that's true ? Then 4.5 million coins have not moved 

I don't think there's that much uncirculated bitcoins ?

I’d say when looking at the blockchain a lot of early participants haven’t sold their coins because they likely lost the information to be able to access their coins. You hear about it all the time on the news. Then there’s the people who got into Bitcoin for the tech and not the money, and those folks often need their BTC for projects they may be working on.

Because they don't have the private keys. Bitcoin 0.1, Bitcoin 0.2, Bitcoin 0.3 did not have any export private key or backup wallet option, only generate and send coins. They just participated in an experiment, a testing phase.

https://i.ibb.co/qFM2yxp/4.jpg

We can't know if he is still alive or not because no one has ever known him and there has never been any updates about him and his whereabouts. However, even if he shows up, he doesn't need to create or generate new Bitcoins just to make the existing coins lose value which wouldn't make sense because the supply is enough. There are other issues that he can deal with like the scalability and high transaction fees from time to time.

That's good to hear a Bitcoin hoarder like you can able to hold that long, it might you've a rich family didn't you?
9 years it seems I'm afraid of losing my credentials to access my Bitcoin and it might be you're using a hardware wallet or an air-gapped wallet to store all your Bitcoin.  How can you manage to keep your private key safe until now?  Are those non-custodial wallets pretty common those days back in 9 years?

Thank you for hearing your story, Frank.
I understand now the reason why you keep participating in the forum even without wearing signature ads for paid.

Many had lost their keys and another reason is they invested long back without knowing what it is, and now they don't remember what they had invested. This seems to be the prime reason according to me. The person who had bought bitcoin knowing its ability have been holding it for the right price to be reached, so that they can use it and make themselves one among the richest with bitcoin.

OP, you should be aware that in the crypto space, once you lose access to your crypto wallet, you cannot possibly get back access to your wallet, and the reason why some people have Bitcoin early investors might still have their coin in the old wallet is probably because they can't access the wallet again; maybe they have lost their private key or wallet phrase. Some people, too, are holding intentionally because they have targets that they want to sell, probably when Bitcoin has gotten to $500k.

The answers you seek has been already answered but I still think that most people who aquare bitcoin on early stage has no idea what they have in there wallet probably no boody has told them about bitcoin after they might have kept it in there wallet. Some lost the device which was use to aquare the bitcoin and if you Lost your mobile phone which was used to store your bitcoin probably you have lost access to it.
Many people who received there bitcoin never knew the word " Not your key not your coin" they never knew private key was a root access to their bitcoin. Many are Dead just like others have already said.

some have sold some fractions of it, and still awaiting the ATH, or sees it as not a necessity to sell now since others are accumulating.

not revealing all details but i have 3 allocations of funds
one i call my hoard.. many addresses of 85% of total. which has not really moved in atleast 9 years
(funds have been added to it within that time but not moved out) -  this is my retirement fund style of investing
(that said i did use small amounts to buy asics in 2013 era. but not noteworthy)

one i call the cycle wallet.. many addresses of about 10% of total. which moves a couple times per 4 year cycle
funds in and out over the years, accumulating and when over 10% i move into hoard -  this is the tidal wave investment
ATH -> correction shorting

one i call my 'dont care, play money' many addresses. 3-5% can move daily or quarterly. its another accumulator and what i would dip into for yearly expenses and if accumulating after expenses id put into my hoard

Stop dreaming and start living in reality, Satoshi has invented something powerful and has disappeared or gone underground to be able to craft newer upgrades and strategies to maintain his innovation and to make it remain competitive and relevant, he's not coming any day to create a new bitcoin or give you some bitcoin. The bitcoin he created is the only original cryptocurrency in the world and he wouldn't reduce himself to the point of creating another shitcoin to compete with Bitcoin cos that will be madness. The early guys have ran their race and keep reaping the fruits of their labour, that doesn't mean that the entire opportunity is gone, No. You have to start from where you are to build your wealth and run your race. quit being jealous of the early holders, they had their own challenges back then before investing in BTC and they are successful enough now. Take charge of your own life, work hard and smart around your finances so you can accumulate good quantity, enjoy and be celebrated in the nearest future instead of wishing that Satoshi appears and gives you free BTC to better your life. Bro, nothing comes for free in this life, you've to work for them and with consistency and dedication, you will excel Just like Satoshi and the early investors.

The owner may have forgotten about their Bitcoin investments or lost the private key that holds many Bitcoins. Some are diamond hands that still hold Bitcoin until a specific price point.

To the early participants of Bitcoin who held on to their investment even when the price was high, good luck. I hope they can sell it for their desired price and safely secure their profits.

I believe it's because most of them lost access to their bitcoin wallets. Honestly, if someone still has access to their bitcoin wallet, I don't believe it's possible for someone in the last 15 years to not once sell their bitcoin for a dream profit. People who buy bitcoins for less than $1 or $0.01, they have millions of percent profits, which is a crazy profit that even rich people would covet, let alone ordinary people like us. So, other than them losing access to their wallets, I really don't think there's any other reasonable reason.