Bitcoin Forum

Apparently a survey conducted confirmed that 60% of the Investors will rather keep holding their Bitcoins till they die if the price does not exceed 10,000$

https://news.bitcoin.com/survey-60-of-bitcoin-investors-will-die-with-their-btc-if-price-stays-below-10000/ (https://news.bitcoin.com/survey-60-of-bitcoin-investors-will-die-with-their-btc-if-price-stays-below-10000/)

Few things to note here :

*People are serious about Bitcoins and do know the value of it
*They might be thinking of keeping it as inheritance money or something
*Bitcoin's value won't have any drastic effects since these people are more or so long term holders

This was a overall positive poll which showed the importance Bitcoins achieved now~




Positive things are always good to be shared , feel free to leave your thoughts on this , plus with the new crypto debit card to be launched are you guys gonna buy it ?

It's just for Europe right now but hopefully it will reach everyone soon.

Note.1. the polls does not show serious bitcoiners but  serious investors obsessed with cash in at a specific price -$10000+  . Many investors are not serious or real bitcoiners,

Note 2. I doubt that, firstly bitcoin will reach $10k and they would sell off, and even if the voted not to sell on the polls, on till $10k, wait till they see the sign of a bearish market or a FOMO, don't hold investors on there word, they are bounded to there money than their words

Note 3. There are millions of bitcoin holder that did not take part in the poll, -i am one- the poll won't matter excessively much on bitcoin price right now.

News headlines are sometimes made to be attractive and doesn't always reflect the actual content of the report.
Twitter polls are also getting overated these days, approximately 28k users participated in that poll, so the statement '60% of investors" is misleading, that is not the actual number of investors and there's really no guarantee that the profiles which were involved are actually all investors, so it can't be viewed as a microcosm of the total number. Literally anyone that's on Twitter, can click on a screen and their votes would be counted.
Random social media polls are not reliable means of judging public opinions on certain matters.

Only level 2 verified users on binance are eligible, this means I will have to go through KYC process. So, it's a no for me.

Twitter polls are very generic in nature. Do you know how many people participated in it? People often participate in twitter polls because they can do it with just one click and they don't have to dig deeper on the subject.

This result would have given a whole new meaning if Coinbase had done it with people holding cryptos in their account. A lot of people would still have left but at least we would have got the perspective of the crypto holders. With Twitter, it can't be ensured.

I mean, it literally makes no sense to hold crypto if price doesn't go beyond 10k for the rest of life. If we can't use it or unleash the power of money, it makes very little sense to have it in the first place. Very foolish thought!

Why do we still need this? I mean this is not factual at all, a poll in twitter, really? Is this a subject for discussion?

What if I told you, I'm selling my bitcoins right now, would you believe me?

Don't need much more of data like this, it is futile to look on these.

60% surprises me as its pretty high but Ive always known there must be some hard money guys involved in BTC.  Im sure its been said that the beginnings of BTC around the time of the original QE programs distortion of finance norms was not a coincidence as a start for this whole crypto sector.   Crypto will be required because as we all know QE has not been reversed, repaid and made safe, instead its likely to end badly so in contrast this idea of never selling is not unreasonable or unconsidered.
  I can remember hard money economics or at least normal policy and rates near 10% was not the impossibility its viewed as now, in that atmosphere it might be Bitcoin would be $1000 or in range and still a success because the unit itself would have higher value.    People now expect inflation and so holding BTC is just a matter of time while it remains a valid and secure means of value exchange, I consider it a hedge but I would not hold all in crypto of course though its possible some do while having some liability to value of dollar income etc.

So the poll came from Peter Schiff, why he has to do this? isn't he a bitcoin-bear and unbeliever? is he starting to show his true stand about bitcoin? His poll became now a news not just for that news website but also for cointelegraph. (https://cointelegraph.com/news/gold-bug-peter-schiff-learns-bitcoin-holders-wont-sell-at-any-price)

Although it doesn't necessarily represent about the whole crypto community and twitter polls are sort of informal setting, I'm looking to the perspective that he's starting to learn how the people participated the poll look how important bitcoin is into their lives just like us.

Is that survey trustable and done with proper way? I doubt if all investors really think like that. From my point of view, many of them just sell of their Bitcoins even they only get low profits or losses in this pandemic days. Only fanatic Bitcoin holders that may think to keep their Bitcoins till die of the price cannot achieve a certain rate. I suggest to do a better survey since I don't think it really reflects the fact.

Then doesn't the premise change if the price exceeds $10k? Like, let's say that the price did exceed $10k, but stayed there for around 3-4 months. The idea is now that long term investors are willing to check out of the market if such a situation happens, so wouldn't the price go down? Whether it be slowly or not that is.
Importance? That's just talking about the price, and I'm pretty sure that the price is the lowest part of the importance one can get when talking about Bitcoin. Plus, considering the 26k people who responded, that's just a drop in a bucket right? Not to mention its twitter, if the survey was done with investors in mind as the respondents, then twitter isn't the way to go. A more specialized one should instead be the best decision.

This is apparently an exaggeration. Which makes me think that the majority of the respondents of that poll just want to give Peter Schiff a sort of in-your-face response, a statement which simply says we are for Bitcoin.

However, this is a poll which has the basic assumption that Bitcoin is not a currency but an asset or a store of value, that Bitcoin is not something that is spent as a real-world money but something which is kept for its appreciating value. That alone speaks a ton of how misguided the perception of Bitcoin is to a lot of people.

It seems to me that the polled investors who have a lot of BTC have another source of income for their daily needs, and it's good for them for sure. It's an actual investment for them, and it's indicated there that it is their gold for them. It's really interesting to those so-called "Lost Bitcoin" what would happen because you will never know if there's someone that has access to them, and they are just waiting for the price to go even higher.

Many investors are really serious about bitcoin investment, that is really good and give other investors an extra safety while investing, as there is a loyal group of enthusiasts behind it.
It's the proof investors are thinking about bitcoin on long run, even if they have to pass their coins to the next generation, their inheritors, without using it during their lifetime. On the other hand, it doesn't help to increase bitcoin usage as currency, what can also affect the currency, but in this case it affects negatively...

That is a good thing but if you were to put it in a practical stand point, wouldn't they benefit from it, yes if the prices were to go skyrocket but to think that they are willing to hold if it will not skyrocket is impractical, imagine this, if you are sustaining your daily needs through bitcoin then you can't help it but spend some even if the prices are down, to utilize it more, why not have a fiat for daily needs and use your holdings in trading or invest it in crypto businesses, in turn the money will grow because even if you are holding it because you are circulating it in the cyber economy. Think about the choices you can do, holding is not practical anymore in my opinion.

In the survey it may not be accurate, but some of the predictions they make, bitcoin holders will certainly not be long because those who take advantage of the moment when it goes up and if there is a crash they will survive on usdt, so fanatics might continue to defend it but in my opinion why if only for a long time not necessarily it will produce greater.

Investors will take advantage of opportunities when the market begins to recover.

I think it all depends on when you bought those bitcoins and at what price. If an investor bought at above $10 000, then he or she would be hesitant to sell below that. There are probably still 100 000's of people who bought at the all-time-high of $18 000+ and they are hoping the price will soar above that for them to make a profit or just to break even. (I have several friends who ignored my advice to buy at the all-time-high back in 2017 and they are forced to hoard their coins)

Also remember that Bitcoin is not supposed to be an investment tool, but rather a currency that are supposed to be used every day.  ;)

This 10K level seems like a snake charmer, hypnotizing everyone around. It´s well documented that in stocks and indices, certain levels show a psychological effect on humans, but this starts to become ridiculous. The only really cool thing that recently came up from a Twitter survey was the one from Peter Schiff about the hodling of Bitcoin believers. I answered he believed in Gold between 2013 and 2019, so why shouldn´t we believe in BTC for that short while it stays in a range?

Getting such conclusions out of a Twitter poll created by the FUDster Peter Schiff simply isn't serious.
The 60% of the people,who voted on this poll were simply joking.What's the point of holding Bitcoins until you die,if the price isn't going above 10K USD.Such long term Bitcoin price doesn't provide protection against inflation.
Anyway,I don't think that most of his followers on Twitter are die hard Bitcoin fans,so there's no point discussing this poll.What's makes me curious is why a guy like Peter Schiff (popular gold investor) is so obsessed with Bitcoin?Can't he just ignore BTC and continue with the "buy gold" mantra. ;D

I find the majority of investors here quite funny when they fully believe in bitcoin. To me, bitcoin is just a powerful asset manipulated by whales. so I never believed it had any value, just the waves the whales created to attract more traders to the crypto market. Anyway, I would believe that bitcoin will grow stronger now but it will take a very long time, about 5-10 years.

It's just a Twitter poll i believe so this isn't really a very big news. I generally choose any option in twitter polls on questions that don't even matter to me. So i beleive that it would be wrong to say that 60% of investors believe this. Most of them might have checked the recent price and just clicked that option.

Moreover this question itself is quite wierd. The question should rather be that what value you expect bitcoin to be in future. Why would someone want to hold an asset until death if it's value remain stable. Bitcoin is a useless investment if it's value does not exceeds 10000 until they die. So the poll to me makes no sense at all.

Why is the poll emphasizes the psychological $10,000 level? So, what happens when Bitcoin exceeds $10,000 , $20,000 , $30,000 and so on? Would these survey change  to "how much longer you keep holding If Bitcoin won't exceed $20,000 or $30,000? "

Selling below $10,000 seems really pointless right now when you know the capability of Bitcoin in the future, and this survey wasn't taken seriously by the respondents.



In contrary. My beliefs, Bitcoin has value because people are actually using it. It's not only about the crypto trading, and whales are part of the investors, a big players who's "trying" to manipulate the market, but they doesn't have the full control over the market price.

Few things to note here :

*People are serious about Bitcoins and do know the value of it
*They might be thinking of keeping it as inheritance money or something
*Bitcoin's value won't have any drastic effects since these people are more or so long term holders
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First of all, I don't trust this kind of surveys because they are just asking a few people compare to the number of the people around the country. I would believe maybe if they asked more people or a huge percentage of people around the country which is quite hard to do that is why I don't trust these surveys.

Second, the word "die" there is quite over-exaggerated for me. We know already that the $10,000 is a very strong psychological resistance and in the past weeks we've not seen any uptrend in the price of Bitcoin. Anyways, this survey doesn't convey anything but just a mere survey out of nowhere. No good news or anything.

I would not say manipulated but yes the question of prices and making its price become big is due to the lack of regulation. It is not a bad thing but something that has bothered retail investors and small fund owners. Still it is possible to grow your funds over time with a regular inflow from your salary if you wish to and that is what retail investors do mostly.

That is also the reason why this mentality happens that they are willing to hold their coins, not in reality but in a sense that they earned that money with hard work and not by cheating people.

Really? No value for you? How come we are already in the $9k level? And also a lot of us here are converting our crypto to fiat, to spend in our daily needs. Maybe at some point, it is manipulated by whales but it has been a decade already of its existence, and prove that no matter what situation we have, bitcoin will stand its ground. I wonder the reason why you are here and you're one of those that doesn't fully believe in bitcoin?

As a long-term investor even, I would like to continue holding it and I do believe that price eventually will grow and will be much more worth in future than the current price. Though the timeline could be argued as it could take years as well or can be quick when it can rise but considering keeping it for a decade or so is not a bad idea. Also, a decade ago those who had continued holding it and then we know the story when it reached 20k how many became millionaire or how much money they would have made it.

True. The current methods of sampling opinions via polls aren't really the best, in my opinion. They are poor ways of sampling right opinions about things.    If you ask people questions on certain subjects, try to make sure they vote & add some comments below their votes, so you're sure they understand what they are talking about and possibly rate them based on those opinions.     And you'll need to place list of good rules/principles their votes and comments should be based on... Or what the voters must not deviate from.
 To reach better consensus on something, serious polls should be taken seriously and done right. Voters should be well informed on the subjects, and they should be voting based on the right reasons, not false emotions and lies

A decade ago was when bitcoins was just launched and the graph for any asset tends to rise much quicker in the initial years as compared to the later stages. I mean the growth we saw from 2009 to 2020 would always be bigger than what the growth might be from 2020 to 2030 in terms if percentage rise because the price almost grew around 10,000 times but you cannot expect the same growth rate in the next ten years.

Talking of investing during these tough times the banks might melt down and that is the reason a lot of people are investing into bitcoins because bitcoins gives a sense of security that no matter how worst the situations get you always have the control over your money and you can cash them anytime.

Peter Schiff did his best to recover his password too. he risked his life doing it.  ;D

they put their hopes to BTC since they can't find it anywhere. having a regular day job in a factory won't likely give anyone a retirement funds unlike having a bitcoin. when they see some articles speculating BTC to reach $1M because john macaffee said so, it gives a sense of hope that owning just 0.5 BTC will meant $500K. that amount is financial freedom and they will hold it to get a good life.

Now I even more realized that the crypto sphere is dominated by long term hodlers lol :D. Actually even without looking at the Twitter poll Peter Schiff made, it makes sense, isn't it? It is logical to make such conclusions because many people are still not well rounded when it comes to daytrading and some just don't have the guts to do so.

But in my opinion, holding for the rest of your life is not as good as you think. Imagine all the opportunities you might miss on that long timeframe. I hope those 60% of almost 26,000 respondents of that poll change their mind along their way. It's very unproductive to just let your money sleeping inside your wallet, play it with safety. If you lose then so be it. Don't be too scared of losing because it's normal. What's not acceptable is when you lose but never try again.

It's like "go big or go home" mentality, lol
Their attitude is justified since they probably understand the risk, thus only speculating with their idle money.
Like mentioned attitude, I have various tokens from bounties, and I'd rather forget about it than to sell it for pennies.

I hope all of the investors represent the result. If that happens, we will see a good impact in the crypto world because they can influence other people to use bitcoin. We never know if they still hold or not, they are a strong holder or not because we don't know who they are. I only hope that they are not a panic investor who will sell their bitcoin if the price drops.

Investment systems play an important role in the progress of any business The role of investment in setting up a new startup is undeniable Again investing in a dynamic business can be a daunting task. As a result every business owner wants to attract investors The more investors that are able to attract investors the faster that organization progresses Investors must be patient I will not sell my bitcoin until the price goes up.

That was really pretty good that at least investors do hold tight into their investments even at this time of pandemic that most people are tempted to sell their assets for the sake of sustaining their necessities to be able to survive this crisis. But keeping or holding into your Bitcoin because the price is still not reaching $10,000? That was just a low expectation and perception because once the price of Bitcoin exceed that price mark, then those investors who have been holding their Bitcoins for a while will surely sell them once and for all.

Also, conducting surveys and polls on social media platform like Twitter seems to be unreliable because that was just a poll where anyone who sees it can participate and it cannot be reliant to support a claim. Better do google surveys to have a better basis of the claim then do a statistical interpretation about what information you have acquired. Doing polls only represent initial answers and it does not merely support a decent fact. Also, there is no such assurance on the range of participants if they are appropriate to become a part of the data gathering.

But all in all, it is good that despite of the crisis, still investors are having a strong hold into their Bitcoins and also other cryptocurrencies for the mean time and that will surely be worth it in the future.

I'm not sure the results of the Twitter poll by Peter Schiff are accurate, and I don't believe 60% of investors will maintain the Bitcoin
they have until they die if the price does not exceed $ 10,000. Only about 5% in my opinion makes more sense, and that does it most
likely a fanatical investor. And not many investors keep Bitcoin for inheritance, if there is a more attractive investment offer from Bitcoin,
certainly many Bitcoin investors have moved. So there is no guarantee that investors will keep Bitcoin for a long time, I don't think I have
to wait for the price of $ 10,000 to sell Bitcoin. If it's already profit, why not sell it, if it's hold and it turns out the price will go down will
regret it.

It's actually the other way around

With so many long-term holders, the supply runs dry and that makes Bitcoin more susceptible to squeezes, mostly short ones (read, the price may fall very fast very low). Whoever is going to challenge this point, just think about what happened in March this year and then ask yourself whether more long-term holders would have prevented these events from happening or alleviated them to a degree


To me, this doesn't seem unfathomable at all. If you consider Bitcoin (or whatever, for that matter) your asset of last resort, it does make sense to hold onto it as long as you breathe until and unless you have no other option left but to spend it

I think there will be investors who have their portfolio diversified between bitcoin, and altcoins. As long as the price of Bitcoin remains in resistance and does not lead to a bullish price that we are long waiting for. They are definitely investing in other coins, fortunately in this time of crisis the market has remained more or less optimistic, as the worst is over.

It seems those people who hold bitcoin till they die are bitcoin believers that the price of bitcoin will go again to ATH price. If those 60% people survey of Peter Schiff believe that they hodl bitcoin till they die. For me it depends on of situation in life maybe there are rich or stable so there perspective of what they believed. If I have bitcoin to hodl I would rather sell it because of this pandemic situation you will never know when it will end. You need fiat on your hand and you have nothing to do because you are poor.

Another note is that the possibility of those who took the survey are not in the current financial crisis is possible or they are financially well and losing the amount they invested on BTC won't affect their financial capability.

All in all, the survey does not represent all Bitcoin investors but rather only a fraction of it. so it is kinda lame to say that..

Putting money in altcoins is a gambling into an asset that it very likely going to go down. It would be wiser to put money in other sectors and by that I mean sectors other than cryptocurrencies. I consider the only crypto worth putting money in is Bitcoin. Anything else is a waste of resources.

Price is actually holding well above 9k USD for the last month. I am happy to see that it did not go down back to 6k USD.

Possible, but I would suggest investors to focus on sectors like stocks that they had been eyeing for long time. This is the time to buy them at lows. If you are wishing to make a profit you need to observe this change. Not buying them because you dont like is a missed opportunity.

I think everyone has their own say and opinion about holding. This is a mindset of a holder and true long term investors. But for some players and traders who love to do trading, definitely they will just ride the market movement. I also not closing my door for possible gains so sometime I do trading cause it gives me good profits but not always. I set aside my budget for it and my long term coins for hodling.

Are you referring to Binance card? That's actually a good movement from them and will help on massive adoption and could boost market price especially for their coin.

Once bitten twice shy

The crash in March was mostly due to insane leverage on Bitmex. It looks like people have learned something and now deleveraged their positions to more sustainable levels, at least for the time being. It doesn't mean that we will never see a long squeeze again, of course, but it won't be as dramatic, and probably not very soon, either. However, this doesn't totally exclude a possibility of an unlikely event or development that Bitcoin goes down on its own (as it happened in late 2018 and early 2019)

As an "investor" into the idea instead of the coin itself, I would rather keep my bitcoins not because it will eventually worth something, but because I believe eventually it will become a standard. Remember times when people asked at grocery stores and so forth if you would like to pay "cash or credit", well of course you do because that is now, but back in the day that was "cash or cheque" and moved to card nowadays.

I believe there will be a time when cashiers will ask you "fiat or crypto" in the future, that is how common it will get. I am not waiting for a certain amount of money to sell my coins to move to fiat, I am waiting for crypto to be used for spending on regular stuff, and I will continue to hold my coins until that moment, I do not want to sell them, I want to spend them.

So, the pool is done by Peter Schiff? Well, reaching $10k is actually rather easy for Bitcoin. SO far, the price is still around $9k but it will have the chance to increase adn reacha gain back to $10k. However, what will be it? Well, it may not happen this month. but this eyar still has some months that will have possibilities that the price of the BTC in the market will be increasing again and again.

Actually i really believe in these statements. I also trust this BTC as a worthy saving so that holding this coin will be very worthy for me and it will reach $10 for sure. Additionally, we will also trust that the future of BTC is always bright. It has very high value and volume in the market to be traded or even for long holding. If we die, we can also till make it as heritage for our kids and family and it will be always worthy for them.

A Twitter poll by Peter Schiff?  Sorry, I can't put much faith in the results of such a thing.  Twitter polls are ridiculous to begin with, but when you throw Schiff into the mix, you've got to put your skeptic hat on and calibrate your BS meter.

Who cares when people are going to sell their bitcoin anyway?  And considering the fact that bitcoin is very close to $10k right now, this crappy-ass news article smacks of Schiff trying to grab attention from the press.  You have to take everything that man says with an enormous grain of salt.

That I'd agree with.  You never know if any of those things is going to explode.  They're like little digital lottery tickets IMO.

There still hope & greed that motivate people to hold btc. Everyone believe in the next bull run in thier heart

though both of the greed and hope can make people stay and hodl for a long time and that brings positivity to anyone on this space but i still think that being greedy is bad  .

when we are greedy we cant be contented when that certain bull for a coin comes but we always wanted more so we keep on hodling while being hopeful only makes a person set his own short term goal  but this does not mean that he will stop and quit once he already sold at a bull run 

I'm a trader and I have different perspective about bitcoin, I do not keep my bitcoin for a long period of time in my wallet because I keep using it in different exchange. I prefer to trade than to store it in my wallet because it is what I want. For me long term investor is boring because you are just keeping your bitcoin and hoping that its price will rise in the future. I keep trading because I love to analyze charts, technical analysis is my passion and I want to keep reading charts.

Cashiers are still asking that

But overall, I agree that more and more people are now paying with their bank cards at the checkout. I've seen it a few times when someone actually tried to pay with their phone (though not sure if it was crypto). I betcha that was clumsy. Once it didn't work out, and the whole line instantly became quite intense. I was next, so I didn't particularly care, but the folks behind me got nervous and after a while quite angry. I could feel the tension rising with my back. To tell the truth, I was enormously curious to find out how it would pan out in the end. It didn't


Nah, with phone stuff it ain't gonna work (as smooth)

If someone can see the growth potential exists and with wider adoption in the society the demand will increase which can lead to rise in price. So accordingly, people will either buy during the correction or will hold it because they think it will rise back or will grow even with some fall which may happen. So, holding becomes the key in such situation.

LoL, I knew Schiff, Roubini, McAfee, etc., from the crypto community (never heard them before). The funny thing is, the people mentioned seems not the real expert, but just the meme guy.

If Schiff polled the gold bugs, I'm pretty sure he will get similar results.

I know I have a better chance of winning slots jackpot than this mooning scenario ;D

It is clear that if it goes above the $10,000 they are all definitely going to sell it. Anyway, even at that, there will still be millions of people willing to buy cryptocurrency. So, people will always be serious with cryptocurrency at anytime. I have seen old investors leave, despite that there are always many new investors who replace them, and there are also old investors that are serious with it and are not ready to leave at anytime, that’s good.

But, anyone that’s planning to keep cryptocurrency as an inheritance without having any plans on how to do that is making a huge mistake. You should have plans on how your family is going to inherit it, if you’re really leaving it for them. I usually see stories about who die and there is now way that their family can have access to their cryptocurrency wallet because they didn’t leave a means to do that.

Ironically, cryptocurrencies are quite different in this regard

There's an adage in many European languages, and it says that shrouds have no pockets, with the meaning being that you can't take your wealth into the afterlife (read, it is not a good idea to hoard money while you are alive). However, it seems like crypto is radically turning the tables, and you can in fact take your precious bitcoins with you when you step into the grave. But seriously, how many coins have already been irretrievably lost this way?

The number mentioned is very easy to achieve which is why they chose that number because it was impossible to let their BTC (if they were have) and die without selling it. The main objective of the investor is to make a profit so the poll does not reflect the true expectations of the real BTC holders.

Even if the price is going to climb over 10k people will continue to hodl.
This happens because the ATH was nearly 20k so they might be waiting to reach it again in the near future. For a small minority 20k is always a level that it is not satisfying to sell.

I never came to the point thinking that i would keep holding my bitcoin even if i die because i believe it will never be an investment all the time since it was created to be a currency. It's good to keep holding our bitcoin while we are still active here but i'm sure i'm gonna sell it no matter what its value when time comes that i'll be facing hard days of my life.

The hold or sell decision is definitely behind the back look at the investment objectives and investor risk profile. For long term or short term. If the goal for long-term investment and the time span is still long, then the investor will not let go of his investment because there is still hope of getting a high return. If the investment objective is short-term, and the time span is short, then when the chart rises slightly there is no harm in selling with consideration of minimizing losses and preparing for the next jump.

Investor risk profiles are the most decisive investment habits in making hold or sell decisions. Investors with aggressive profiles usually have long and experienced financial goals, and usually have special budget allocations for investment so they tend to keep bitcoin in the long run.

But if you look at it from the other side, we will see that over these 10 years, bitcoin has become recognized by everyone. Can't this fact push the price up when the majority of the population wants to buy it, but its quantity will still be limited? But even in this case, it is difficult to wait for the growth of bitcoin in 10000 times, as it was before.

Honestly I'm having same kind of perspective into my bitcoin stash. I'm holding my bitcoins since 2013 but I'm not bothering whether bitcoin praises will be crossing $10k levels right now or later on but I am very much confident about having something unimaginable value for bitcoin in long-term. So, the current price levels are least bothered for the long-term holder like myself. Like most people do suggest, I am simply looking for buying at dips along with my saving. Nowadays dips are available to make use of but not my savings ;).

Only the people who are looking for momentary benefits and a short-term traders are actual incidence people of bitcoin ecosystem but long-term holders are acting like base. When more people are into long-term plans, reaching stars after moon is easier. Hope more people will copy from Mr.Satoshi after realizing the benefits of doing so.

It looks like they are getting desperate to make a lot of money with the use of the bitcoin but still, we cannot deny this because even as we want to make more money with the help of the bitcoin but as the simple person like me I just going for the small investment only to earn more if you have enough funds why not make an investment with the large amount, and also why do they make an investment do the bitcoin even they die, they cannot use this when they are dead lol, I think the grandchild may benefit of it not them.


It gives me a lot of curiosity what is the country supported by the use of this crypto debit card and it is like the same atm cards that you can withdraw easily like supported the use of the Mastercard or only use with the ATM that supports the use of the crypto.

Well, that was really pretty good to see that investors are really willing to die for the sake of holding their Bitcoins. But that was just a shallow perspective to think and that was not just really quite impressive because probably the price of Bitcoin can exceed the $10,000 mark. If that happens, then those investors who are said to be part of the survey conducted will probably sell their Bitcoins already since their expectations about the price of Bitcoin is just that low. Imagine, we are already seeing its price at $9,300+ when the last time I have checked it. It was just that close to $10,000.

Also, datas that are gathered through the use of polls are somewhat not that reliable for many can be a part of it and that will not showcase the real deal of who are those people that voted on the poll. Indeed it represents a population of respondents regarding a specific matter but still it cannot be reliable to claim that investors would gladly be serious on holding into their Bitcoin up until it exceeds $10,000 mark.

But gladly, it is still so nice to know that people are already recognizing the importance and usage of Bitcoin making it more important for investors to make hold of what they currently have as of the moment.

There is no loss there really as BTC is divisible, the value is reflected elsewhere in the blockchain.   Same deal as the old case of a pop band which physically burnt 1 million (https://en.wikipedia.org/wiki/K_Foundation_Burn_a_Million_Quid) in british currency.   The value was not lost in that example only the personal control of it by those individuals, all other notes gained a very slight amount.   If BTC is lost in this more virtual case then other wallet balances will gain some value by the reduced supply, we can see this by the big amounts contained in the original wallets of founding members of BTC blockchain.   If Satoshi were ever to return it would at face level and immediate terms be quite bearish and Im sure they were aware of that, the circulation of money never moved from an old wallet represents new supply though in theory it was never acknowledged as lost.    There was an old amount moved recently but it was quite small in the bigger picture, still it caused some minor alarm.

https://www.newsbtc.com/2020/05/20/bitcoin-shows-weakness-as-11-year-old-wallet-moves-50-btc/

That 20,000 still is among people's mind and while it is always a bad thing to chase a particular price for an asset it is good that at least having that number makes you hold for even longer. It's almost like when we gamble and suppose we started from 0.02 BTC and stand at 0.01 then we would never feel the same happiness going to 0.015 than it is to get back up to 0.02 again.

Yeah but being very honest I think till they die as mentioned in OP might be exaggeration because when a dump happens a lot of guys who are right now saying they won't sell off are actually the ones who sell the coins immediately.

True investors know the real worth of bitcoins and they ain't gonna sell as the survey shows that 60% of the investors would rather look to hold their bitcoins and not go for below $10k if even they have to wait lifetime which actually shows the faith of investors because no matter what happens they know the price is going to cross $10k and actually I am quite sure a lot of those 60% won't even sell under $15k because the price is expected to rise only as the pandemic also settles down slowly.

If I was an investor and had enough money to lock in, I would actually not even sell in the next bull-run because I have a strange feeling that anyone holding their coins for an year might never have to work again.

Strong belief can indeed strengthen a person's heart to be able to hold bitcoin for a long time because they believe bitcoin will create a new history in the future with fantastic value.maybe the same thing I will do as you say, if I have a lot of money, then the assets that I already have against bitcoin will not be touched at all for the next few years until the price soars so that I can make it assavings for the future in the form of digital assets

That was quite interesting to know that investors are really up into holding their Bitcoins. But I think they will still hold into their Bitcoins even the price will reach over $10,000 price mark because everyone wanted to increase the price value of the Bitcoins they were currently holding. What is just bothering me is that the basis of the data came up from a social media poll which is Twitter that is for me not a reliable basis to support a claim since everyone can take part on it and with that, we cannot achieve the accuracy and reliability of the data to support the claim that we wanted to present.

But other than that, it was pretty good that at least as of this moment, people are now being wise and appreciative to recognize the worth and importance of holding into their Bitcoins which means that people are now understanding the essence of Bitcoin's existence. Looking forward to see that many more people will also take part on engaging and holding into not just Bitcoin but as well as into the other cryptocurrencies in the market.

That's obvious because the growth in initial years cannot be replicated in the later years since the adoption curve tends to slow down and the amount of coins being held by individuals is not the same anymore so it takes collective efforts and huge demand for bitcoins to move to price higher. It was much easier earlier to manipulate the price but now whales are unable to do that which is good for the market but shows how vastly the bitcoins are spread that a few big guys cannot alter the market of their own.

Never going to make a comment like I won't sell until death or so but I am pretty sure whatever coins I am saving I won't sell them until either I need cash desperately or the price is at least 50k.

This was totally true. The reason why some people stay or keep up on holding into their Bitcoins is for the hope that it can still be able to reach its ATH and that was pretty good because at least they have a fuel to boost them up to just keep on holding into their Bitcoins until such time that it exceeds the 2017's historical record of Bitcoin's price reaching $20,000. Though it was far beyond the price now, but I guess that was one of the hope and dream of many people most specially those who have just engage into Bitcoin and the ones who hold to see that moment.

When it comes to greed, that would be a bad attitude or fuel to be a reason why you keep on holding Bitcoin because with greed, you won't stop aiming or dreaming of something more because of greediness in your heart and that would be a bad implication for holding Bitcoin.


This is agreeable. Totally true investors know the real worth and value of Bitcoin which makes it a point why they still hold into it despite whatever things that might happen. A good investor will be a wise man to aim high and will sell when he knows that it would be highly profitable and will grab such opportunity.

Sounds interesting. I am one of those people. I would hold onto my bitcoins until the price reaches the mark of 20000$. It is highly unlikely to happen anytime soon, but I have faith that we are going to see something surprising this year amidst all the economic crisis going across the world due to the ongoing pandemic. The price of the coin depends of how much the buyer is willing to pay for it. It’s the game of demand and supply.

As majority of the investors will keep holding Bitcoin as a long-term investment, we won’t see major downfall in the coin anytime soon. There’s a reason why its termed as “the king of cryptocurrencies”. Most of my friends are holding altcoins but I am still sticking with only bitcoin investments. This way I believe I will be getting more ROI for the same level of capital against my friends. Time will justify who has taken better decision 8).

Like another Chinese Ponzi?

A year ago Bitcoin had surged to almost 15k in a matter of a few months while the other market remained still (in dollar terms). As it later became known, this sudden surge, which came out of nowhere, was due to a Chinese Ponzi scheme that accepted bitcoins. No wonder Bitcoin dropped when it imploded within a couple months. It's been a year since then, so we can plausibly expect something like that to occur again. The timing is right


Ether has been on the rise

It’s not advisable at initial stage to trade, let your small capital also get invested din good coins, so that when the price zooms like now how it has happened it will yield you profits. One can trade only if they are good and ensure that they would not wipe off their capital else you would be left with nothing. So, with profits earned front he investment one can start to trade with it and slowly one will be able to make some money from it as well.

My standard of pulling out my money is also $10000, I always invest when the price of the bitcoin gets $5000 below, I think that is enough so when the price of the bitcoin goes up to $10k then I will earn 100% which is enough for me, that is considered as good and big profit as well. You have to set your standard if you are an investor so you would have the basics when to invest.

To be honest you are right and not just new comers even someone as experienced as me fails to make constant profit now a days with crypto market because I hate day-trading and alt coins market is as bad as it could ever get trust me.

The surveys being done and shown above, I would never trust them because if such was the belief system from investors then why do we see the crash happening so many times and why did bitcoins reach almost 3k in March month? That's because it is easy to say I will not sell but very hard to actaully obey your words in your actions.

They sound like the kind of people who don’t believe much in the potentials of Bitcoin. Maybe they wanted to say 100,000 dollars. Because right now, Bitcoin is 11,000 dollars. Sold yet?

It's the opposite, they are the people that believe with the potential of bitcoin and chose to hold than to sell at any price. Everybody is expecting that bitcoin's value is going to be more expensive than ever and that's just a poll.

But the majority knows that for the next years to come bitcoin will be proclaimed again as the best performing asset. We passed through halving, stock market crash yet bitcoin remains to be one of the most stable assets during these crises.

While that is a good idea but the new normal in terms of bitcoins might be 12k and you might have to adjust your investment line from 5k to 12k because I am pretty sure that we might never see a drop as heavy as it happened in March and there are almost zero chances of bitcoin to got below 5k ever again unless there is a massive hack or something happens that brings the market down.

As an investor myself, I don't invest much but I just buy whenever there is a slight or alarming drop. For example when bitcoins broke in March, I was buying some at 8k and then again at 7k upto 5k and then I stopped as the dip continued but overall I just profited from this strategy. A lot of friends and fellow investors of mine also buy at certain dips and then sell part of it when there is a pump going on  to be ready for next dip :D.

Some people promised to eat frogs (or mice, I don't remember)

If Bitcoin was to fall below 5k. And what d'ya think? It went as low as 3.3k, and it happened after it had already reached 20k a couple years before. I actually understand that it feels like Bitcoin is never gonna touch the 5k mark again, but if history teaches us anything (which it does not, of course), the way we feel has little to do with the way how things are going to play out in real life. Put simply, don't get fooled by recency bias which is at play here

I agree if there are such investors. by having a certain price target it is not easy to make decisions based on trends, such as those that are bullish or bearish. many investors who can not stand the price situation and choose cutloss and losers. indeed basically it is all a risk taken. so making the initial decision on a target is something that must be carefully thought out and considered.

holders of last resort, that's the right word for them. They never intend to sell regardless of market movements,and somehow,it's remind me to satoshi mission about creating bitcoin,it's kinda funny if more bitcoins are on the market than in individuals.

I can tell you why 10000 is important to them.
1. Because of the round number. I know it's awkward but it is how it is. Some people like their glass round and other like them square.
2. Because to people who bought for less than 4000 dollars 10 thousand seems like a big deal and there's really a lot of people who got their coins before 2017.

I had that 10 in the back of my mind for many years because I felt that it might be a good point to sell if I happen to need money. It would mean I won't have big regrets and I will still have a huge profit. I don't need to sell now just like I didn't when we were at 12000 but If I needed to I'd still wait for an important level to do it like 10 or 20 thousand.

It's irrational I know ;)

Note 1: we are forgetting that many people bought the coins when they were trending and at all time highs. Those investors (no matter if they are serious bitcoiners or not) won’t sell the coins anyways at such great lose.

Note 2: I agree with your second point that investors cannot be trusted as most of them just run behind the money and it won’t take them a second to go back on their word.

Note 3: the poll shows the average study (the same happens with all the other studies carried out even outside crypto world). Most of the time they are near to accurate. You cannot expect someone to start a poll for millions of crypto holders out there.

$10000 is really a big amount and value of bitcoin to achieve. It's a very difficult challenge for those investors that put a limit in bitcoin price. They don't know the future of bitcoin, if when will be the bullish and bearish market for bitcoin but they have a great trust on bitcoin or I can say they are really a risk taker person.