LendEdu commissioned a survey in November 2017 of 564 Americans who had invested in Bitcoin. This survey focused on American Bitcoin investors and their sentiments. In 2015, 65% of Americans surveyed didn't know what Bitcoin was. The questions asked in the survey ranged from their reasons for investing in Bitcoin to when they would sell all their Bitcoins.
The average price at which the survey respondents said that they will sell all their Bitcoins is $196,166 per Bitcoin. This represents 30x the value of Bitcoin prevailing at the time of the survey. It is to be noted that this is the price at which the respondents will sell all their Bitcoins. Almost a third (32.62%) have sold some of their Bitcoins since they started investing.
Most of the respondents plan to hold their Bitcoins at least one year, with only 16.49% planning to sell sooner than that. According to the survey, 21% of Bitcoin investors plan to hold on to their coins for at least seven years, and 11.7% say they will hold the currency for 10 years or longer. More here... It is actually safe to say that this is the same sentiment on this forum and elsewhere and this is the reason why Bitcoin has become like the speculative tool more than being a currency. And since we all have the right on what to do with something we own, then let it be. Speculation can further push the value of Bitcoin higher and higher...
I can sense that as we are about to end the year, Bitcoin will move further into the $10K threshold and by next year it can surge so high to an unprecedented level as the demand for Bitcoin would astronomically polevault.
What about you...how much is the price where you think you would love to let go of your Bitcoin?
