Bitcoin Forum

I really like this website  visualcapitalist. Ir Shows in a very simple way and charts interesting information.

They made one about how bitcoin market is thinking differently about bitcoin. More people are holding now for long term.



Personally, I have  always hold for long term. It is interesting to see that 10 years ago people were mostly thinking about holding for days and months. The market is changing and getting more mature as adoption grows.

Isn't this because bitcoiners from 10 years ago were more focused on using BTC as a currency spent on pizza and other stuffs rather than an investment asset? It was done to distribute the coin and increase market adoption.

The majorit just learned that it's better to hold for long term than to panic sell. Many investors now have been matured and positive with what the future lies for bitcoin unlike before, because what the market shown wasn't that promising at all.

Now that it did many times that it has surpassed good price, really good price coming from the past ATH of $20k, and so on up to $60k. This made everybody to decide that there's a possibility that it can grow more for the upcoming years.

And adoption rate has increased which is also a factor that made everyone decided to hold.

The world is changing day by day and people's thought changing as well. TEN years back no one imagined that Bitcoin would reach above $60K. Same now we can't imagine what will be the price of Bitcoin after 10 years. That's why then peoples thought for holding for day or months. For the holding also there are few policies. Holding doesn't mean for a lifetime. There is some golden chance to cashing out as well and buyback. But I agree with holding instead of panic sell what I learned from my previous mistakes which aren't recoverable.

Very interesting. It makes sense, because some time ago, even if people believed in the future of Bitcoin and its fundamentals, they were not so sure. Today people in general and also some institutions are clear that Bitcoin is part of our society and there is no stopping it. It is also expected to continue to increase in price. So, the holding behavior is a logical consequence.

Pretty much I agree that during the early days, BTC pioneers' aim is to spread the news and increase adoption about Bitcoin, they even give a whole BTC as a reward in claiming faucets.  They are more focused in introducing BTC to the world.  Aside from that people from the earlier days has less confidence in the BTC market thus they are willing to part from it in a small amount of profit but the story nowadays is very different since the confidence in the BTC market skyrocketed, holders are now willing to hold BTC for a long term.

As I always believe, bitcoin is soon become a digital asset in which people really want to hold instead of randomly using it. At first, when bitcoin was not popular, there are bitcoiners who use their bitcoin to purchase digital goods or physical items, but it is obvious that right now, holding is the primary option for them. Only newcomers will use their bitcoin to purchase things like Tesla model

Wouldn't be the case if bitcoin didn't see such a huge rise to such heights previously unimaginable. We all know that most people flocking into bitcoin and cryptocurrencies are here to make a quick buck, and there's really nothing else that I can think of as to why majority of the people now have decided to hold bitcoin for the long-term. Bitcoin's price appreciation over time has been quite the record breaker, and seeing these charts and historic price data is what made a lot of people sold on the idea of holding bitcoin for longer. Everyone's here mostly for the rewards, and that's a fact.

Had bitcoin stayed on the levels of $1k - $5k, I doubt people would even think of holding it for longer than 1-3 years. A lot of people would surely dip in and dip out just to make a profit off of the differences in prices without much commitment being thrown into the cryptocurrency.

With a lot of people that are preaching to hodl, I think that it is obvious that this is what happens because the market is easily influenced if you have enough people to spread something, in this caseit will be hodling bitcoin instead of trading it and with a lot of memes about what money they could have got if they hodl their bitcoin.

I am sure that the number of people who hold bitcoin 10 years will be counted. We all didn't know that bitcoin would be this mature, to the point where in the middle of last year we had run out of bitcoins quite a lot. Our last year bitcoin fell in 2017 because that was how the madness started. and we didn't think it had come this far.
As for people who have survived 10 years and even today are still with the largest number of bitcoins owned by some people. even those who have forgotten their wallet password.
and bitcoin this year by holding it for the long term only at fetching a price above $ 40K .. the rest I didn't hear when buying at $ 5K.

Whoever has been smart enough to take some time to study, understand and comprehend all the various aspects that constitute the fundamentals of bitcoin , I think will never regret transferring part of their wealth into the orange currency.
Today, exchanging fiat currency for BTC is a bit like taking out an insurance policy on the future. I still consider it a zero-sum bet but I'm increasingly happy to have entered at the right time and to have been consistent with my choices despite the (many) mistakes made. I digressed a bit to say that visualcapitalist is great, I've been watching it for a while and it's clearly a bookmark of mine.

Not that we are not ready for this yet, it just needs more time for mass recognition, or a good catalyst is needed. For example, some kind of coup or civil war throughout the Latin American continent, an event that will bring down the banking sector and 500 million people will choose Bitcoin as an alternative, (these are just thoughts out loud, there can be a lot of such options for the development of an event).

the graph is self explanitory..

in 2010.. bitcoin was only 1 year old. so ofcourse 100% of people only held for a year..
it was IMPOSSIBLE for anyone to have held coins for 2years+ or 5years+...

in 2014 it was only 5 years old. so ofcourse in 2013 NO ONE held for 5+years.

what you need to realise is the now on year 12. the amount of 5+ year coins is mostly lost' forgotten coins which are not really part of active circulation. most of the coins will never move every again. so that 5+ year allowment can be ignored.

when looking at the 1-3month and the 2-4 years they can be shown as the short/longterm plots.

yes i know i personally have coins that have not moved in 5+ years but i still have the keys and can move them. so its a small hypocrite to declare my coins as lost/forgotton. but when you look at the 1mill coins that are satoshi stash. thats 5% of all coins that wont be moving.
there are many other coins that were lost/forgotten in the 2009-2013 era too

so dont put much weight into the 5+year coin amounts. as most wont ever move.

..
if you plot out the coins in say 2013 and look at the 1-3 month vs 2-4year
and then plot out the coin in say 2020 and look at the 1-3month vs 2-4 years

then you will have better scope to make better judgement of sentiment of long vs shortterm holders

but the graph as a whole is misrepresenting it as you have to be aware that in 2013 no one could have held coins for 5+ years even if they wanted to

Certainly an interesting infographic and it does signal a shift in how bitcoin is being perceived. After all this extra investment money has poured in from hedge funds, we'll certainly see a more limited pool available in future and the sort of investors who keep their money in these places are long term holders, as opposed to short term speculators. The kind that have so much money they never sell and simply live off the money that their money generates in the stock market. They must love the fact that Bitcoin has such a limited amount in circulation compared to their other assets that are constantly having to fight the inflation rate to keep value or fluctuates like gold that has lots of impracticability with storage.

Now a very interesting problem we face is the paradox. The price is increasing because of the supply getting limited and people starting to HODL while on the other hand people are holding because they think the price will increase further or Bitcoin is a break-through technology for payments. But the Irony is no one is using it for payments or at least 60% as per this infographic aren't using it for payments. Now doesn't all this makes Bitcoin price run a complete speculative asset in itself? I mean what is driving the value of bitcoin then? Aspirations? Emotions? Because hardly 5% are actually using the technology on daily basis.

I see two common opinions among my friends and acquaintances about bitcoin and its price. Some guys believe that the price we see is not the limit and it will grow further along with the capitalization of the entire market. There are a lot of factors - large funds and corporations known to everyone publicly invest in cryptocurrency and bitcoin. There is another opinion - that all this is just another bubble - and it will burst like it did a few years ago with all the losses and panic. I think that the situation will definitely not repeat itself because a lot has changed.

Certainly people who have followed the Bitcoin march over a short history of about 10 years have changed their thinking now, who sees the dramatic change that took place in the Bitcoin price 10 years ago and so far surely will think of keeping the Bitcoin for the next ten years because we will certainly see prices tens of times higher than the price. Bitcoin today, there will inevitably be new historical highs at unexpected prices.
Some people think it is too late now, but this is not true. After 10 years, there will be many people who regret missing the opportunity again.

I agree with you and I believe that for a system that is just barely12 years and that has changed this much over the number of its existing years can or will certainly do even better as the system get a wider global adoption and like you said, the New Investors now see Bitcoin in a more different way than how the earlier investors perceived it back then because of the general Investment thinking now knowing that long term Investment in Bitcoin pays off big, hence the change in pattern of HODL.

There is a big difference between the current Bitcoin and Bitcoin 10 years ago because the price of Bitcoin is now around 58,000 in the market and 10 years ago the price was much lower in the market. Bitcoin is one of the most widely used cryptocurrencies in the market now and is likely to grow in the future as its users grow over the ages and everyone thinks it is one of the most widely used currencies. Gradually becoming more popular so it can be said that this currency will increase more in the future

I think that situation in worlds economy changed drastically in last ten years with increased money printing and inflation that affected Bitcoin and bitcoin holders, and it can only get crazier in next years.
People are starting to wake up worldwide and more of them are purchasing and investing in Bitcoin, that makes og holders and btc believers even more confident to continue what they are doing.
Most people sold and spent most of their Bitcoin years ago, (and I would probably do the same if I discovered Bitcoin in 2011 or 2013), smart people purchased from them, and only smaller percentage and smartest people are still holding most of their coins.

Bitcoin was even more volatile back in the day, and its future was quite uncertain - the governments could have stopped it in its infancy by banning exchanges and mining, there was zero institutional interest, almost every financial commentator was skeptical on Bitcoin. It's no surprise that retail investors choose to dump it when they got their 1000% profits instead of believing in long term. Especially after witnessing 80% crashes that looked like the end of Bitcoin.

Yes the past was when we had much fud about bitcoin or fears around it that it was not sustainable investment or asset but now, all has changed. It has taken over the finance , optioning into payment system. You just can't avoid talking about bitcoin because institutional investors have found it as a means to even grow there investment networks and payment system.

I believe that since hedge funds chose Bitcoin to invest, the value of Bitcoin has increased rapidly and soon reached 60k $ although there has been a correction when Bitcoin was around 30-40k $. Investors are no longer panicking like before, they choose to buy at a lower price and hold for longer. It is a strategy to avoid missing out on the opportunity to own well-priced Bitcoin. Their vision of Bitcoin has certainly changed in recent times. Bitcoin and cryptocurrencies are already the trends of the financial world. The market capitalization of the cryptocurrency market has tripled from 2020's ATH and is set to rise even higher.

We should've expected it to happen actually considering how fast bitcoin managed to grow rapidly over years. A lot of people underestimated bitcoin before and I think that is the reason why the holding time they spent of bitcoin is way shorter compared to what investors does right now. As they see bitcoin become successful over the years, many might have changed their mindset and focused on long term goals, they do not hold bitcoin for just a week or a month anymore, instead they learned from the regrets that came upon them as they see those who had a lot of faith on bitcoin start gaining lots of profit in return for holding for a very long time.

This is really nice and it shows the reason behind the market not going down for long now. Just look at the past years when there were bullish trends and compare them to this year, one thing I have noticed about those years were that whenever the price of bitcoin goes up like this people would always starts selling immediately, and that will lead the market down and it will crash heavily within a short time.

But this time around it has been something totally different, things have changed this time around, after a long time now the price of coins in the market has been steady growing and adding more value everyday even when you think that it is over. So for sure, the mindset of investors have changed this time around and they are now looking at holding for a long term.

Btc already proven to everyone that it is a coin to be trusted, since the past decade btc has been striving and surviving in every situation, people have study and understand btc and are now comfortable to get involved for however long,  btc price constantly rising from low to high and surpassing many other similar investment options made it more attractive. It is not surprising to see this result, btc has come a long way and deserves the attention now.

Yes, and let us hope that more and more investors will keep holding it so that the base for bitcoin becomes so strong that one day it would cost huge pile of money to buy single bitcoin. I am saying this because our assets will be valued more even if you hold few bits in the future. I am not sure if bitcoin will get status of currency but as an asset it is going to be premium investment in the upcoming future. People will literally fight to make one whole bitcoin into their wallet since it would be millions of dollars to make one. So if they are holding the supply then I’m with them to support.

People are making predictions so as how the price would push 1 lakh dollar soon which is really something that is weird since the same people were actually saying how this is FUD and would fail soon. The market perception have not changed it have reversed for the time being seeing all the big companies are now also investing making it an amazing opportunity for the Government and the Gambling companies , the Government is getting taxes and the gambling companies are still working online with much more caliber and more people getting engaged in the same business. People are adding bitcoins to their small home based businesses which is a bit deal because I believe this would motivate bitcoins on a level that encompasses not just Investment but adoption by different levels and not just whales or big companies but also on a small scale , giving people the true "financial freedom"

Interesting what its impact will be in commercial market? Will people use their satoshis to buy or just keep it and save as much as they can? Because if most of us aim to hold our satoshis, then, adoption in the payment sector will not grow in the manner that we want it. But that's fine, as long as there are many believers in this market then, bitcoin has real future, if not in the payment area but more on the investments side.

Indeed, if you look at bitcoin, it is more of an investment than as a means of payment. and it cannot be denied, that today many people buy bitcoin to get fantastic profits. but whatever it is that is currently happening is an advantage for bitcoin to develop

I think the reason that Laszlo bought that pizza was not for substitution for payment but to prove that bitcoin can be used like a fiat to buy a pizza. If you are not sure of its potential then you shouldn't invest in it because you will lose money, the only way to earn big on investing is to take a leap of faith.

If everybody is HODLing and nobody is buying,the BTC price won't go up.We need more buyers than HODLers.
If the Bitcoin market becomes stagnant,more and more HODLers will get tired of waiting for a new ATH,so they will start selling a part of their BTC.This will create more selling pressure and the lack of enough buyers will lead to a bear market.Having a bear market for a few months will change the expectations for a new ATH,so less people will HODL Bitcoins in the long term. 

Market to grow money needs to flow! In our case coins! :)

It's people, after all, we are different... we have different plans and goals! Buying/selling is trading, but Bitcoin/crypto economy should and is more than just speculating assets! You can do a lot more with your coins than just trading with them is what I want to say...

So in the end it does not matter what you do with the coins you have! If you have them you are in and you are helping the crypto-economy to grow, more or less! The ones who are actively using coins help more than just holders of course... but holders are important as well, the factor that affects the supply and number of coins in circulations, and the price depends on that!

I kinda agree on this one, people shouldn't only focus on HODLing but buying as well because there will be no movement that will occur if we will just all focus on HODL. Apparently, it could be one of the reasons why Bitcoin is still hovering at its current price because no one wants to buy anymore thinking it is too expensive for them anymore, believing it was the peak. If this continues there's a chance that we might not reach $100k like we have speculated. We will make it but don't just HODL but rather buy as well.

Thats why you need to balance things since every transaction is important on bitcoin growth so try to split up your balance upto 50% since if you only do hodling well maybe you will end up waiting something which have high risk to lose in future if your not good on controlling your emotions.

But if certain individual doesn't know how to trade but can risk to hodl what he have then maybe this is rather good since since not everyone will do this so expect that btc will still move even if there's a large number of people will hodl.

OP, it is the first time that I am seeing that graph of Bitcoin and it seems as though there are a definite pattern of growth over the long-term. We know the "Halving" is supposed to have an impact on the price, because it reduces the amount of coins that are given as a Block reward for mining, but it does not guarantee an increase in the price.  ::)

It is actually nice to see some kind of pattern forming and that it is sustained over the long-term. In theory... as adoption grows, Bitcoin supply must go down and the demand for it should increase ...thus pushing up the price.  ::)

A lot of bitcoins are used for gambling, so it explains why some people are not hoarding coins for a long period. Lately, people are also buying bitcoins to pay for "Pornhub" and other adult sites, so those coins change ownership very quickly.

A good investor has his or her own profit target because if we only hold BTC for a certain period of time without a gain target, what we want to achieve is just like a seasonal investor who just follows along.  Being an investor who holds assets is not a strange thing, but if an investor in the same class does not understand when to cut losses, it is foolishness and needs to learn a lot so as not to lose more.  Actually in my opinion, BTC is a trading market and not for the long term because of the volatility it has.  You invest 100 $ in BTC in 1 year period is much better than buying BTC in 100 $ and have active trading in a year.  Here are two options that can describe your character.

10 years ago, bitcoin wasn't worth very much so mnay of the early users didn't find so many reasons to hodl bitcoin. In fact, many of them sold as soon as there's something to spend it on or make some little profits. We can't blame them. It is because they could not see into the future to know its worth today.
Now, we know how safe an investment is by investing in bitcoin and hodling. Many people have made so much money by just buying bitcoin at some price some two to three years ago and hodling it.
The chart is true and I am not surprised it is so. It's just a representation of exactly what is happening.

It is not my story to tell but it was friend, I know he was not that interested at first he is not sure or he do not believe in bitcoin. When he created his account in this forum way back 2009, he said he was given a free bitcoin during his registration. At that time, bitcoin price is not a big deal so why become so interested about about it and besides bitcoin is not acceptable as a mode of payment in any store here in our country especially in our province. As time pass by when bitcoin price is getting better and better until 2017 comes, he tried to retrieve his account and bitcoin but he couldnt. He just continue in this forum then shared it to us that is why I discovered this. Well the bitcoins I earned in 2017 remain in my wallet that I can still access right now. I really beleive in bitcoin thay is why I keep holding it from 2017 to 2021. I am happy watching that its price is rising and I am more encouraged to earn and keep holding while I am not that short in my budget.

Without any liquidations those early holders just seek for any ways to sell or use it instead of holding.

They are happy to see that they've got something especially those who earned it in an easy ways.

Just said it right, can't blame anyone, no one knows that this huge pumped will happen.

Investing is not safe completely, there's a risk but holding that's the right thing to do if you want to maximize your profits.

Long term holders are now harvesting the fruit of their wait, see now how valuable this asset, huge earnings for those who hold 2-3 year ago.

Precisely! things really happened and it may push for more.

I think that chart is not shocking if you ask me. Why? Because bitcoin was created only 10 years ago, and 5 years a long time, which means for the past 5 years there has been a lot of people who bought and will hold for 5 more years but they bought less than 5 years ago, over time there will be more people with 5+ years, for example in 5 years that graph will show more long term holders and in 10 years it will show even more than that, and in 20 years it will show even more ..... well you see where this is going.

This is why I can honestly tell you that rap is as expected as it gets, it is something that will become the norm over time. It is actually even a problem considered by some people, if everyone holds bitcoin then what's going to happen in the future? If we have just 100 bitcoin in the market traded while everyone else holds, that would be horrible, sure it will not be 100, but it will get less and less compared to today.

Why look so far? Everyone remembers March last year, and this is just an excellent example of a radical change in the balance in the world economy, (including cryptocurrencies). Whatever it was, in this particular case, I still tend to believe in a conspiracy, (as you rightly pointed out, such manipulations occur on average once every ten years, and 2008 is the starting point). I still believe that the pandemic was just a pretext, a pretext that allowed a group of gray cardinals to bring down the global economy and buy everything on the cheap.

As for Bitcoins, let me disagree with you ... No matter how often I dream of time travel, I have no regrets that over the past three years I have continued to spend, buy and sell Bitcoins .. (an indescribable feeling when I walk down the street and look back at the banks with contempt).

Hedge Funds are not our friends, they are the enemy, they are the reason we had to create crypto because they used all the loopholes they could ever use to avoid paying taxes and they have got themselves super richer while all the rest had to live on the crumbs. This is not going to work in the end and that is why we created Bitcoin and all the other crypto, now that they have seen us making a bit of money, they came in to ruin the fun and make all the profit for themselves.

But what they do not realize is, there is no loopholes here, on blockchain everyone is equals and that is why no matter what they do, bitcoin will not pity them and give them some more money, they are not going to get bailed out by satoshi, this is bitcoin world and they either make money or lose money together with us, or they have to leave when they realize they are equals with us.

Investment funds quietly entered the crypto market in 2017, and they have received pitiful results afterward. The downtrend is when the vast majority of people lose money.
I've heard of tricks that big hedge funds compromise businesses for a good price to buy, but with cryptocurrencies and blockchain, everything is more transparent than ever.
As you said, they will soon see the whole market moving up. With the money market today, any big short is unlikely to happen.