The Effect of A Massive HODL Campaign

[joy99]

  If you were able create a widespread campaign where the vast majority of traders and HODLers could hold their Bitcoin for 30 days, what would be the effect?  Would the dramatically reduced trade-able supply boost the price or would low liquidity ultimately hurt the price? 

Hodling when there is a demand for the coin causes a surge in price of the coin. Bitcoin's price will not go up if 90% are holding and the 10% circulating are being sold in times when no one needs bitcoin.
The reason why people advocate for a hold in bear market is that the more people are selling, the higher the dump. Everyone with their own experience know when and as to why they hodl which no one might never know about.

[1715184000]

1715184000

[1715184000]

1715184000

[Erdogan]

If nobody would sell Bitcoin, it would mean that there are only buyers on the market. There can only be one answer, the price would have to go up.

[Febo]

  If you were able create a widespread campaign where the vast majority of traders and HODLers could hold their Bitcoin for 30 days, what would be the effect?  Would the dramatically reduced trade-able supply boost the price or would low liquidity ultimately hurt the price? 

I believe that by far vast majority of people owning Bitcoin are not selling it. Only a minority of traders does. If thy would stop then liquidity on exchanges would drastically reduce and Bitcoin price would become even more volatile as it is right now.

[BitHodler]

I'd honestly rather wait for bitcoin to organically find it's sort of "stable" price, no matter how long it takes.

Bitcoin needs volatility in order to make a significant move, because stability or longer term consolidation come with low volumes, and this usually means that it's more likely to go down further.

The 'stable' price you're referring to was between $6000-$7000, and eventually we broke out and saw the price tank with 50%. I hope we don't face a similar scenario would the volumes and the rate of volatility drop significantly.

The crypto market thrives on crazy price movements, and when there isn't much of that to entertain retail and professional traders, they get bored. More activity means more volumes and more likely a move up.