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Author Topic: 61% of Bitcoin hodlers could sell at a profit  (Read 216 times)
gantez
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November 30, 2019, 06:46:23 PM
 #21

100% holder at 3000$ could sell with profit.
I don't think 61% is a reasonable nubmer, and it's just clueless.
what about people who bought at 20k, or 15k, because 15-20k is the range that they buy and sell so much. very big volume, and some of them might never take back half of invested money.

I also wonder the analysis of the post. Some are still hodling from a long time, maybe during the 2017 ATH.  or was every wallet captured to know the exact amount that will be profiting. Certainly, it is not in doubt that bitcoin is about to leave the bear but the percentage of profiting wallet is my question.
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November 30, 2019, 08:08:23 PM
 #22

I don't know why there are so many people bothered by this article, the only thing that refers to is how many people are holding BTC profitably.

It's not whether they're going to sell, or if they're going to hold on it's only another metric of the set of metrics that have been created by various companies that pretend to understand what's going on in the market.  

No one is forced to take it as financial advice, people choose it, just like Bitcoin you opt to have it or not.

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November 30, 2019, 08:36:28 PM
 #23

They could but will they?

How many of them could sell for a profit higher than 50%? Probably not that many. How many for more than 100%? If I knew I can sell for a 10% profit I wouldn't even think about it. Bitcoin is an investment that can do 500% and more per bull run. Why would anyone settle for 10% or 20%? 

Most hodlers are here because they could get 5% from other safe investments but they want 100%.
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