Topic: "Why haven't the earliest participants sold their Bitcoin, and some haven't even - page 5. (Read 659 times)
November 21, 2023, 05:13:02 AM
Every investors has his own target to sell there digital assets which is Bitcoin precisely and is just few participate of early investors are still holding Bitcoin and majority of them has sold off before na and it takes only understanding person having full knowledge of Bitcoin price movement can only hold and also having other sources of income to keep going in life can only have the patience to hold for a very long period of time.
November 21, 2023, 07:43:41 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 reason may be various. Some might have forgotten that they have bought the coins. Hence the coins are still intact in those addresses. While there might be cases that many owners have bought the Bitcoins earlier, but might have lost access to the wallet or in short lost the password. This is the primary reason for which you seeing the Bitcoins are lying like that from many years. You can consider these Bitcoins as lost ones also.
November 21, 2023, 07:38:06 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
November 21, 2023, 07:35:26 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?"
They sold their bitcoins earlier because they did not believe Bitcoin can make price like $100, $1000, $10000 or $60000.They did not touch their bitcoins because they have yet wanted to touch those coins for selling, taking profit. They did not touch their bitcoins because they lost access to their bitcoins by losing private keys, losing devices on which they stored bitcoins and they did not have any usable backups.
How many bitcoins lost?
The Estimated Number of Bitcoins that Have Been Lost
Lost Bitcoin: 3.7 million Bitcoin are probably gone forever
You can make your own estimation with HODL wave and UTXO ages.
https://www.lookintobitcoin.com/charts/hodl-waves/
They lost money but you get donation with a condition that you have bitcoins.
Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone.
November 21, 2023, 07:28:46 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.
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.
November 21, 2023, 07:27:36 AM
Maybe others are in need of the money because they want to spend it for their dreams and others have already reached their goals so they don't need to sell their bitcoins rather they just want to help the crypto market by holding some of their bitcoins. These are only a few reasons that I think this is all happening despite the fact that bitcoins have already reached its world-record price in 2021. I wonder if we will see some more old holders who will gonna sell their bitcoins when another ATH is recorded after 2024 bitcoin halvings.
November 21, 2023, 07:22:06 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?"
What if I mined or bought 1000 bitcoin and they are in 5 addresses and on 5 different wallets. Assuming 800 bitcoin is in 4 addresses and wallet and I sold it and it remains just 200 bitcoin on one addresses or wallet. People can say I have not sold bitcoin before because my last wallet has not sold bitcoin but that does not mean that I myself have not sold bitcoin before. You can not link all the owners of bitcoin to all their addresses and wallets. hero member
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November 21, 2023, 07:19:18 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?"
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.
Someone has to prove that it's transactional, and we can buy things with this. Just imagine we are all buying Bitcoin, and no one is spending, and it has no use in reality. So, what is the point of gathering more and more Bitcoin and no plan to spend it? Some people see Lazslo as an Idiot because he sold 10000 Bitcoin for two large-size pizzas.
November 21, 2023, 07:18:39 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?"
Why those OG's didnt sold their bitcoin? Case to case basis
If someone do still have access to their coins then its simply;
• They do tend to hold forever whether for Profit reason or for its utility or showing the support
• Target price hadnt met yet
• They dont need money yet?
For those dormant accounts or doesnt have any activity since.
• Lost keys?
• Dead owner
• Totally forgotten that they have Bitcoin
If i were you, then it would be just that better if you dont mind much about those non touched coins or wallets.
We dont know on what happened into their respective owners. One things for sure though that if the time comes that they would
be having access or getting in touch with their coins then its neither they would be selling off for profits likely.
November 21, 2023, 07:11:48 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.
November 21, 2023, 07:06:42 AM
Why haven't the earliest participants sold their Bitcoin
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