Topic: "Why haven't the earliest participants sold their Bitcoin, and some haven't even - page 4. (Read 659 times)
November 21, 2023, 01:52:48 PM
Many of the early Bitcoin holders have held Bitcoin and many have failed to hold it. No one could have predicted that Bitcoin would become so expensive. Many have lost their access. I have heard of cases of people who didn't appreciate Bitcoin but eventually lost their access when they realized its value. However, those who have started accepting Bitcoin since 2017 relatively have tried to hold Bitcoin. Since Bitcoin is own asset of each investor, he also sells according to convenience when its value increases. Many investors sell bitcoins at a small profit and many hold it for a long time thinking of getting more profit from it.
November 21, 2023, 01:45:03 PM
"Why haven't the earliest participants sold their Bitcoin, and some haven't even touched the coins in their addresses, considering the high price of Bitcoin?"
Just as the majority of people here have given death and lost of access to the wallet holding these coins to be the reason why those coins haven't been move for a long while, another concrete reason for me why I think there coins haven't been sold or touch for this long period of time, is maybe the owners of these coins have not got need for it yet, that is maybe they have a target amount they intend to hold Bitcoin before selling. Just as in the case of "frank1" above who says he has been holding his coin since 2012, of which this method can also be applicable to anyone, you don't need to hold a whole full 1 Bitcoin, any fraction of it is likely okay, only if you could have the mindset to hold it for a very long time. November 21, 2023, 01:21:35 PM
So many reasons, death or loss of private key, you name it, why would anyone get rich with Bitcoin and never tough their bags for multiple years, it's either they lost access to the wallet or they are already too rich to worry about the money, some big bitcoin whales still operates their wallets and they have been holding for so long.
Like I used to say, it's easier for the rich to keep get richer every day because they have a lot of money to take risks, they have no reason to bow to any panic, their cups are all full of everything they wanted already, mind you not all old Bitcoin holders are rich, some already sold to solve life problems and difficulties.
I just learned from the whales, that long term holding gets you richer than making few profits and taking them out, it's a good play too and nothing is wrong with it, but long term holders are the real people that benefits the most out of Bitcoin.
Like I used to say, it's easier for the rich to keep get richer every day because they have a lot of money to take risks, they have no reason to bow to any panic, their cups are all full of everything they wanted already, mind you not all old Bitcoin holders are rich, some already sold to solve life problems and difficulties.
I just learned from the whales, that long term holding gets you richer than making few profits and taking them out, it's a good play too and nothing is wrong with it, but long term holders are the real people that benefits the most out of Bitcoin.
November 21, 2023, 01:15:20 PM
There is no need to be surprised by what happened because bitcoin holders from the start may still want to hold bitcoin until a certain time. We also don't know what the real reason is why they haven't sold their bitcoins.
Or it could be that many of them have forgotten that they still have large amounts of bitcoin so they haven't touched their bitcoin.
You are still lucky that you can still buy it at the current price. When the price of bitcoin reaches a very high price, you may complain and cry because you have missed this good opportunity now.
You can buy it at the current price using the DCA method because it is a good method for everyone who wants to invest in bitcoin.
Or it could be that many of them have forgotten that they still have large amounts of bitcoin so they haven't touched their bitcoin.
You are still lucky that you can still buy it at the current price. When the price of bitcoin reaches a very high price, you may complain and cry because you have missed this good opportunity now.
You can buy it at the current price using the DCA method because it is a good method for everyone who wants to invest in bitcoin.
November 21, 2023, 12:58:56 PM
look at this block of 50 coins
https://www.blockchain.com/explorer/blocks/btc/3
it is block 3 of all time
went to this address
1FvzCLoTPGANNjWoUo6jUGuAG3wg1w4YjR
worth over 1 million dollars and is untouched.
now 3,4,5,6,7,8 all untouched
but 9. lets look at this one.
https://www.blockchain.com/explorer/blocks/btc/9
went to this address
https://www.blockchain.com/explorer/addresses/BTC/12cbQLTFMXRnSzktFkuoG3eHoMeFtpTu3S
now this address has a block of 50 coins plus 145 other coins put into it.
total of 195 in and 177 sent with 18 hanging out.
So if this was and is one satoshi's addresses on this one alone has plenty of action and is old as fuck.
https://www.blockchain.com/explorer/blocks/btc/3
it is block 3 of all time
went to this address
1FvzCLoTPGANNjWoUo6jUGuAG3wg1w4YjR
worth over 1 million dollars and is untouched.
now 3,4,5,6,7,8 all untouched
but 9. lets look at this one.
https://www.blockchain.com/explorer/blocks/btc/9
went to this address
https://www.blockchain.com/explorer/addresses/BTC/12cbQLTFMXRnSzktFkuoG3eHoMeFtpTu3S
now this address has a block of 50 coins plus 145 other coins put into it.
total of 195 in and 177 sent with 18 hanging out.
So if this was and is one satoshi's addresses on this one alone has plenty of action and is old as fuck.
November 21, 2023, 12:41:06 PM
Apologies to be blunt, but I believe the answer falls something along the lines of: "None of your business".
This might seem like the first answer that will come to mind; it is natural to imagine what will be the concern of the OP if the early participants sell or not but if you view it from another angle, the OP might have raised this thread to find out some of their motivations for holding that long so that others will learn and also follow same. If this be the case, a lot of new Bitcoin investors will appreciate the long term perspective of Bitcoin rather than seeing it as a quick profit venture. November 21, 2023, 12:39:04 PM
While most of them do not have access to their wallet anymore because they don’t remember where they stored their private key/mnemonic phrase, some of the others have already withdrawn and even possibly used it (to solve life problems). There are still that set of people who have proper access to their wallet but do not want to sell it yet (they probably haven’t had need for it or would just rather hodl than have all that huge money as fiat). Additionally, from time to time, these wallets wake up, I guess it’s safe to say that it’s the owner who finally has the access. I hope eventually all the investor of back then find their private key/mnemonic phrase because they deserve it.
November 21, 2023, 12:19:07 PM
"Why haven't the earliest participants sold their Bitcoin, and some haven't even touched the coins in their addresses, considering the high price of Bitcoin?"
Someone has already told you some reasonable reasons in the second post after yours [1] - so it already represents the general opinion about your question. I agree with him although several other reasons are also worth knowing, especially because you are still curious as a beginner.[1] https://bitcointalksearch.org/topic/m.63195078
With a private key, Bitcoin will always exist. I ask questions with a learning mindset, and after understanding, I feel that Bitcoin is like digital gold. It's basically difficult to have it after not having it in the early stages, after all, the price is too high. Although I don't have one, I hope Bitcoin and forums are getting better and better. I hope I can have it in the future. Those who possess are truly lucky
Bitcoin will remain on the blockchain regardless of whether you still hold or store your private key or not. Losing your private key will make you lose access to your wallet and the consequence is that you will lose your bitcoin forever.Then from that - you don't have to buy a lot of bitcoin if you don't have a big budget. Buy as much as you have because basically you can still buy bitcoin even if you only have $5 in your account. Start from a small budget and increase it periodically according to your budget capabilities rather than nothing at all. IMO - This is the best way to start.
November 21, 2023, 11:55:30 AM
Some people decide to hold it until they meet the price they want. Some may lose their private keys. Or maybe some of them cannot find the private keys anymore. Imagine where satoshi is now. He also has a lot of Bitcoin that did not moved for a long time now.
Those Satoshi’s bitcoin doesn’t seems like something that he lost, he might have actually just created a new wallet and throw those bitcoins there and then throw the keys away just to maybe add value to the circulating ones as he as he did say himself what lost coins are for. Or probably he is dead and no one knows the whereabout of the keys. Those could be the cases but for him to have mistakenly lost them I don’t think someone (if he is human) like him is too knowledgeable for that
"Why you create a post after two months and two weeks of your registration date?" obviously you have a reason, while I can only guessing about your reason.
He could have reasons, maybe wasn’t ready to embark on this forum journey yet, or was still looking into one or two in the forum. But his first post isn’t actually bad as we normally have from newbies
November 21, 2023, 10:24:33 AM
hoarding since 2012
my reasons:
dont need the lump money yet(think retirement fund)
i support bitcoin
i see bitcoin has longevity so no need to "get out early"
that said i do take very small % of holdings out for my yearly living expenses. but thats small fry.
if i was to take the hoard. there are tax implications so for now i just enjoy my life, travel the world and when i want to settle in a place of better climate(tax haven) and do my own thing. then ill think about selling it all.. but no time soon. there are decades to go in my bitcoin life
my reasons:
dont need the lump money yet(think retirement fund)
i support bitcoin
i see bitcoin has longevity so no need to "get out early"
that said i do take very small % of holdings out for my yearly living expenses. but thats small fry.
if i was to take the hoard. there are tax implications so for now i just enjoy my life, travel the world and when i want to settle in a place of better climate(tax haven) and do my own thing. then ill think about selling it all.. but no time soon. there are decades to go in my bitcoin life
What? Since 2012? I am glad to hear from an old-timer who still has access to his Bitcoin hodling. This means you have overcome many temptations to sell. You have been able to overcome countless FUDs caused by many events. How were you able to cope when there were various predictions of the death of Bitcoin? Keeping Bitcoin for 11 years is bravery to me because it takes uncommon faith and patience. It takes financial planning and prudence to live within your means to avoid selling your investment. It beats my imagination how people believed in a strange coin and kept holding it even when they had various opportunities to sell and make some profit. I just feel that people who are still keeping their coin visualized or saw what others didn't.
November 21, 2023, 10:12:55 AM
You have to realize that someone who started early doesn't only have one address (or a bunch of addresses they used in early days), they can have a lot of addresses and a lot of coins that they acquired over the years in those different addresses. For example someone could have acquired 50BTC in 2010, 20 in 2012, 5 in 2017, and 1 in 2020.
If they wanted to sell 1 bitcoin, they don't have to spend the 50BTC they got in 2010, they can sell the 1BTC they got in 2020.
That's what I do anyway. I don't have nearly as much as the examples I gave and I was only around since 2014 but if I want to sell some coins I sell the newest coins I have "acquired" (could be bought or earned for work or as profit). That way the coins I have form early days and the ones in my cold storage remain intact.
If they wanted to sell 1 bitcoin, they don't have to spend the 50BTC they got in 2010, they can sell the 1BTC they got in 2020.
That's what I do anyway. I don't have nearly as much as the examples I gave and I was only around since 2014 but if I want to sell some coins I sell the newest coins I have "acquired" (could be bought or earned for work or as profit). That way the coins I have form early days and the ones in my cold storage remain intact.
November 21, 2023, 09:13:13 AM
Because they're in it for the long haul. We believe Bitcoin's got serious growth potential down the road, kind of like digital gold. Some see it as a hedge against inflation or are just tech enthusiasts excited about blockchain's possibilities. Plus, there's the whole limited supply thing where theres only 21 million Bitcoins to go around and it is creating a scarcity that could drive up prices. Its the HODLers that are keeping their Bitcoin where it is.
November 21, 2023, 08:44:25 AM
"Why you create a post after two months and two weeks of your registration date?" obviously you have a reason, while I can only guessing about your reason.
The current Bitcoin price which is $37K might be low for them, as Bitcoin not yet achieved mass adoption, so what's the point to cash out when there's an opportunity to earn more in the future?
The current Bitcoin price which is $37K might be low for them, as Bitcoin not yet achieved mass adoption, so what's the point to cash out when there's an opportunity to earn more in the future?
November 21, 2023, 08:24:09 AM
"Why haven't the earliest participants sold their Bitcoin, and some haven't even touched the coins in their addresses, considering the high price of Bitcoin?"
They are holding for so many reasons that me be personal to them, as we all know, bitcoin investment is a profitable thing to do and holding it over time will help in making this happen, though most of them never know this that bitcoin would have reached this far in market price, they only hodl to have an asset that could help them fall back to in the future, we can also make our own personal decision on bitcoin Investment to buy now and hold for the future to come for our own era of opportunities with bitcoin when we hodl.
November 21, 2023, 08:22:35 AM
"Why haven't the earliest participants sold their Bitcoin, and some haven't even touched the coins in their addresses, considering the high price of Bitcoin?"
They may wait more. If you wait 10 years to sell Bitcoin, it is wise to wait one year or a year and a half and sell it for three times the current price or more. The question would be logical if we said why they did not sell at the peak of $69,000 two years ago, and it will be repeated with every ATH. variables such as the country, age, and financial situation are all considered variables that directly affect investment decisions. 
November 21, 2023, 08:17:20 AM
There are various reasons
Most fall under the category of been unable to access their coins
Either through loss of password or death
While the minority are still holding.
In all I can only speculate since i am not one them.
Most fall under the category of been unable to access their coins
Either through loss of password or death
While the minority are still holding.
In all I can only speculate since i am not one them.
Yeah, you said pretty much everything that needs to be said.
They may be aiming for more profit. It's possible that the early investors are not selling their Bitcoin even if the price is high because they have plans on using their investment for their retirement or they have their own plans for their own future or for their family.
...but one reason why OG's are not hoarding Bitcoin and not selling it is for making a profit. Each halving was an opportunity to sell the stash and secure a nice fortune for themselves - not saying there are no OGs who are like this but it is highly unlikely that this not what most of them are doing. On the contrary, this sounds like more like something the newcomers would do.
November 21, 2023, 08:13:54 AM
They may be aiming for more profit. It's possible that the early investors are not selling their Bitcoin even if the price is high because they have plans on using their investment for their retirement or they have their own plans for their own future or for their family.
November 21, 2023, 08:07:14 AM
Apologies to be blunt, but I believe the answer falls something along the lines of: "None of your business".
When it's your money, you can wonder about what to do with it. If it's not yours, then what the owner is or isn't doing with it is of no concern to you.
Lol, I think you have dealt with people like franky so much that you forget to snap out of your defensive mode. What if OP is just a curious teenager wondering and trying to learn?When it's your money, you can wonder about what to do with it. If it's not yours, then what the owner is or isn't doing with it is of no concern to you.
@OP, the answer is : because they are gold hoarding dragons, and they love the sound of coins when they dive into the pools of coins.😉
Bitcoin addresses are like transparent vaults, everybody can see them, if all the bank accounts in the world were the same, you could see the same for millions of people not touching their money, gold etc.
November 21, 2023, 08:02:31 AM
well i’d guess some are still holding their coins until now and has yet to reap the rewards
you’d think how much will be the amount of value they have already profited and yet they still want to keep going
another possible scenario is if the owners lost their private keys that would have been so misfortunate to think about since it’s just gaining profit without their owners having access to it due to bitcoin’s structure it would be totally impossible to guess those lost private keys or wallets
you’d think how much will be the amount of value they have already profited and yet they still want to keep going
another possible scenario is if the owners lost their private keys that would have been so misfortunate to think about since it’s just gaining profit without their owners having access to it due to bitcoin’s structure it would be totally impossible to guess those lost private keys or wallets
November 21, 2023, 07:55:26 AM
"Why haven't the earliest participants sold their Bitcoin, and some haven't even touched the coins in their addresses, considering the high price of Bitcoin?"
The major reason that comes to my mind whenever I think of this topic is “lost” it could be that the owner of those bitcoin has lost their private keys and as a result they are unable to access their bitcoin or some of them have lost their life and as sad as it may sound it could be the reason.
They have been articles where some people realised that they were involved in something that has now become relevant and will be able to fetch them a huge sum of money if they go back and retrieve theirs but unfortunately for them they’re not able to remember where or how they kept it and that’s what most likely happened to some bitcoin that have been in a wallet since they were sent there when it had no value and now that it has value they are not able to access it.
That’s just my personal guess, but as others have mentioned it could be that they are just keeping it there for the right time and are hoping it gets to a certain target before they finally move it out and sell.
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