55% of bitcoin circulating supply have not moved since 2018

[kryptqnick]

It was pointed out that the data might not account for 2021, so the situation might have changed. In case there were movements in 2021 that make the article obsolete, we're still left with a problem that people hodl their BTC for a long time without using it at all until the new ATH gets established, and they can profit from it. If the money remains unmoved, the situation is even worse because if the new ATH doesn't motivate people to use their coins, it is likely that they're not going to use these coins within the next few years. It's not bad per se, but it's bad for Bitcoin's future as money because money needs liquidity. I wonder if there's still such a future for Bitcoin...

[mk4]

I am not sure about the integrity of this data but if it is true, it shows that people are considering bitcoin purely as an invest rather than a currency. So I believe what Mr. Nakamoto dreamed about bitcoin, is failed miserably! Because people are indeed considering it as an investment only!

So there's nothing to feel proud about! Not a great progress in anything rather than price!

Like it or not, and this may or may not be foreseen by Satoshi, but you can't have a decentralized asset/currency to be decently stable enough to be used as a day-to-day currency in it's first few years; And you can't get to the decently-stable stage without the traders and the speculators. Both kinds of users are essential in the price discovery stage of literally any asset.

And scalability is another thing, because layer-2s are not like "there" yet. Bitcoin simply grew too fast for the technology to adapt.

[meanwords]

Apparently, they expect the price to rise very high.

Which is expected to happen. They holded since 2018 which the price was below still $10,000. Now look at the price right now and it's going to increase further because of the demand in supply. In fact, they are helping with the price increase because they're trying to limit the supply of Bitcoin by holding and 55% isn't a something to laugh at.

[sunsilk]

But what if bitcoin hits $100k? we will know if those wallets won't move a single bitcoin and will keep on holding it.

I think, real hodlers won't even care of $100k as they know the potential of bitcoin. If bitcoin hits 100k, all those wallet will be on more than 27x  within 3 years. Than, everyone can imagine where it'll go in the next 5 years, even there is a major possibility of a bear market.

Probably they won't and they'll aim to the next level which is going to be $1M. But $100k is already a high price to be considered of the price for taking profits and they're likely to do that but as we say, we'll know or we'll never know.

But at the end, bitcoin's movement will uptrend as it's never disappointed any hodlers ,even anyone buy it at the top pick on any bull run.

Yes, those people who buys at the peak and keep on holding it will definitely have no worries if the plan is to hold long term.

[bryant.coleman]

If coins haven't moved since 2018, it doesn't necessarily mean that they will never move. I got my first coins in 2012. I sold around 80% of the coins from that time, but the remaining 20% haven't moved since the time I purchased them. So these coins are also included in this figure (55%). I have two major targets - $100,000 and $250,000. Once these targets are achieved, I will be selling the vast majority of my coins.

[Amejoaquim]

Damnn thats a lot, i think they when the time comes he will sell it slowly.

17x profit is so big, i'm still lil bit confused why theres a lot of people can hold for such a long time like that.

Maybe i just too scared to take the risk a.k.a weak hand 

[michellee]

If coins haven't moved since 2018, it doesn't necessarily mean that they will never move. I got my first coins in 2012. I sold around 80% of the coins from that time, but the remaining 20% haven't moved since the time I purchased them. So these coins are also included in this figure (55%). I have two major targets - $100,000 and $250,000. Once these targets are achieved, I will be selling the vast majority of my coins.

We can assume they will sell at a high price, so they do not move the bitcoin before the price can reach it. They have a big patient to wait for their target price, while they can sell some parts on the other wallets because that will be more than enough for them to make a big profit if they sell it now. I am sure the bitcoin price will touch $100k and $250k someday, but you really need to hold your bitcoin tight and not panic. Maybe that can happen this year or next year.

[dolcemariposa1]

It's a good sign that more and more people see Bitcoin as a store of value.

[AnonBitCoiner]

Data have shown how more than half of bitcoin circulating supply have not been moved from their host wallet since the bitcoin deep of 2018, this have shown grreat length how die hard hodlers can go a long way down the road without moving they bitcoin from one wallet to another or to an exchange despite the current bitcoin market price.
At this moment those wallets have done 17× profits  and still the long term hodlers (LTH) are not given up on the race to becoming the steel hands bitcoin hoders.
Credit:
https://news.bitcoin.com/btcs-hands-of-steel-37-bitcoins-supply-hasnt-moved-2017-55-sat-idle-2018s-bottom/

Now the data may had a massive change. After the rise of 60k$, huge new investors came in to picture. They may not involved in any of the 2018 market investment. So the circulation of 2018 and 2021 will made a huge difference. If the price of bitcoin had reached the value of 100k$.The transaction fee of bitcoin will crossed the value of 35-40$.

[Lanatsa]

But what if bitcoin hits $100k? we will know if those wallets won't move a single bitcoin and will keep on holding it.

I think, real hodlers won't even care of $100k as they know the potential of bitcoin. If bitcoin hits 100k, all those wallet will be on more than 27x  within 3 years. Than, everyone can imagine where it'll go in the next 5 years, even there is a major possibility of a bear market. But at the end, bitcoin's movement will uptrend as it's never disappointed any hodlers ,even anyone buy it at the top pick on any bull run.

This really proves out that there are really those hodlers who doesn't really care on what is the current price that they are seeing in the market today.

Then what if those 55% of bitcoin circulating supply doesn't move? This do simply shows that most of them are holding and the half of it are actively
circulating throughout the market.

Its just a matter of preference though.

[Yurkov]

2018 was the bearish year and intelligent investors bought bitcoin at that discounted rate and start HODLING. If they still haven't moved the bitcoin this clearly means that whales are looking for something even big then that.