Interesting perspective of Investors

[Emitdama]

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.

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.

the purpose of them still holding bitcoin to sell is of course about an ATH because whatever the price of bitcoin as long as there is still a lot of support and high market activity then I think bitcoin holders will still be there.

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.

[tbterryboy]

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

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.

[radjie]

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

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

[Casdinyard]

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.

[coinfinger]

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....

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.

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.

[KrisAlex18]

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

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.

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.

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.

[wozzek23]

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 .

[deisik]

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

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

Time will justify who has taken better decision

Ether has been on the rise

[bitcoinisbest]

If you do not have millions, then you will not become a major investor, it is much easier to earn by trading.

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.

[Eugenar]

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.

[perfect999]

If you do not have millions, then you will not become a major investor, it is much easier to earn by trading.

You can drain the entire Deposit on trading very quickly. I can't say that any newcomer can take up trading.

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.

[abeecrypto]

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?

[sunsilk]

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.

[jostorres]

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.

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 .

[deisik]

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

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

[inoes]

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.

[ashmodeus]

~snip

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.

[pixie85]

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.

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

[bearexin]

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.

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.

[Alert31]

$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.