richan
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December 09, 2018, 10:19:42 PM |
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I know many friends who after bitcoins fallen to 8000 USD in this year sold all their holdings in bitcoins which they bought at its highest. Most traders too have been trading their way out to this point.
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Al-e_x
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December 09, 2018, 10:34:04 PM |
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yes, I'm sure, most crypto users still hold BTC. they understand the BTC market cycle.
but, they also feel panic about the current market conditions, their decision is to buy or hold.
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jerry0 (OP)
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December 18, 2018, 07:13:21 PM |
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Well would you say majority of those bitcoin buyers in late 2017 are still holding or not?
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Epokicecool
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December 18, 2018, 07:37:44 PM |
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I would think that most people that bought after 10k, only purchased smaller amounts of btc (lots of these ppl), While the remaining volume belongs to whales that manipulate the price. Obviously the whales sold it off as they are mostly in here to make profit by trading. I dont think to many ppl hold after the drop at 12k, (ofcourse except the long term hodlers that got in pre 2017 (under 3k))
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oegarod
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December 18, 2018, 08:00:15 PM |
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Almost each and everyone who bought at the highest peak price of bitcoin will be holding it. Very few out of anxiety might have sold and ended up their journey with cryptocurrency. Once again the price will go beyond the previous peak price, but none knows when this is gonna take place.
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jerry0 (OP)
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December 18, 2018, 09:28:34 PM |
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Well if those ppl who bought at highest peak price are holding it, then why ppl say they lose a lot then? You don't lose until you sell.
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Al-e_x
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December 18, 2018, 11:03:20 PM |
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yes, I think they still hold their BTC assets, they will not sell it if the price falls. they choose to hold or buy.
BTC's trust is still large in the public eye. so, BTC won't die.
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