Interesting perspective of Investors

[LogitechMouse]

Apparently a survey conducted confirmed that 60% of the Investors will rather keep holding their Bitcoins till they die if the price does not exceed 10,000$

https://news.bitcoin.com/survey-60-of-bitcoin-investors-will-die-with-their-btc-if-price-stays-below-10000/

Few things to note here :

*People are serious about Bitcoins and do know the value of it
*They might be thinking of keeping it as inheritance money or something
*Bitcoin's value won't have any drastic effects since these people are more or so long term holders
[/quote]
First of all, I don't trust this kind of surveys because they are just asking a few people compare to the number of the people around the country. I would believe maybe if they asked more people or a huge percentage of people around the country which is quite hard to do that is why I don't trust these surveys.

Second, the word "die" there is quite over-exaggerated for me. We know already that the $10,000 is a very strong psychological resistance and in the past weeks we've not seen any uptrend in the price of Bitcoin. Anyways, this survey doesn't convey anything but just a mere survey out of nowhere. No good news or anything.

[TheUltraElite]

To me, bitcoin is just a powerful asset manipulated by whales. so I never believed it had any value, just the waves the whales created to attract more traders to the crypto market. Anyway, I would believe that bitcoin will grow stronger now but it will take a very long time, about 5-10 years.

I would not say manipulated but yes the question of prices and making its price become big is due to the lack of regulation. It is not a bad thing but something that has bothered retail investors and small fund owners. Still it is possible to grow your funds over time with a regular inflow from your salary if you wish to and that is what retail investors do mostly.

That is also the reason why this mentality happens that they are willing to hold their coins, not in reality but in a sense that they earned that money with hard work and not by cheating people.

[tippytoes]

I find the majority of investors here quite funny when they fully believe in bitcoin. To me, bitcoin is just a powerful asset manipulated by whales. so I never believed it had any value, just the waves the whales created to attract more traders to the crypto market. Anyway, I would believe that bitcoin will grow stronger now but it will take a very long time, about 5-10 years.

Really? No value for you? How come we are already in the $9k level? And also a lot of us here are converting our crypto to fiat, to spend in our daily needs. Maybe at some point, it is manipulated by whales but it has been a decade already of its existence, and prove that no matter what situation we have, bitcoin will stand its ground. I wonder the reason why you are here and you're one of those that doesn't fully believe in bitcoin?

[glowing10]

As a long-term investor even, I would like to continue holding it and I do believe that price eventually will grow and will be much more worth in future than the current price. Though the timeline could be argued as it could take years as well or can be quick when it can rise but considering keeping it for a decade or so is not a bad idea. Also, a decade ago those who had continued holding it and then we know the story when it reached 20k how many became millionaire or how much money they would have made it.

[Ucy]

Apparently a survey conducted confirmed that 60% of the Investors will rather keep holding their Bitcoins till they die if the price does not exceed 10,000$

Twitter polls are very generic in nature. Do you know how many people participated in it? People often participate in twitter polls because they can do it with just one click and they don't have to dig deeper on the subject.

This result would have given a whole new meaning if Coinbase had done it with people holding cryptos in their account. A lot of people would still have left but at least we would have got the perspective of the crypto holders. With Twitter, it can't be ensured.

I mean, it literally makes no sense to hold crypto if price doesn't go beyond 10k for the rest of life. If we can't use it or unleash the power of money, it makes very little sense to have it in the first place. Very foolish thought!

True. The current methods of sampling opinions via polls aren't really the best, in my opinion. They are poor ways of sampling right opinions about things.    If you ask people questions on certain subjects, try to make sure they vote & add some comments below their votes, so you're sure they understand what they are talking about and possibly rate them based on those opinions.     And you'll need to place list of good rules/principles their votes and comments should be based on... Or what the voters must not deviate from.
 To reach better consensus on something, serious polls should be taken seriously and done right. Voters should be well informed on the subjects, and they should be voting based on the right reasons, not false emotions and lies

[bearexin]

As a long-term investor even, I would like to continue holding it and I do believe that price eventually will grow and will be much more worth in future than the current price. Though the timeline could be argued as it could take years as well or can be quick when it can rise but considering keeping it for a decade or so is not a bad idea. Also, a decade ago those who had continued holding it and then we know the story when it reached 20k how many became millionaire or how much money they would have made it.

A decade ago was when bitcoins was just launched and the graph for any asset tends to rise much quicker in the initial years as compared to the later stages. I mean the growth we saw from 2009 to 2020 would always be bigger than what the growth might be from 2020 to 2030 in terms if percentage rise because the price almost grew around 10,000 times but you cannot expect the same growth rate in the next ten years.

Talking of investing during these tough times the banks might melt down and that is the reason a lot of people are investing into bitcoins because bitcoins gives a sense of security that no matter how worst the situations get you always have the control over your money and you can cash them anytime.

[electronicash]

Peter Schiff did his best to recover his password too. he risked his life doing it. 

they put their hopes to BTC since they can't find it anywhere. having a regular day job in a factory won't likely give anyone a retirement funds unlike having a bitcoin. when they see some articles speculating BTC to reach $1M because john macaffee said so, it gives a sense of hope that owning just 0.5 BTC will meant $500K. that amount is financial freedom and they will hold it to get a good life.

[NavI_027]

Now I even more realized that the crypto sphere is dominated by long term hodlers lol . Actually even without looking at the Twitter poll Peter Schiff made, it makes sense, isn't it? It is logical to make such conclusions because many people are still not well rounded when it comes to daytrading and some just don't have the guts to do so.

But in my opinion, holding for the rest of your life is not as good as you think. Imagine all the opportunities you might miss on that long timeframe. I hope those 60% of almost 26,000 respondents of that poll change their mind along their way. It's very unproductive to just let your money sleeping inside your wallet, play it with safety. If you lose then so be it. Don't be too scared of losing because it's normal. What's not acceptable is when you lose but never try again.

[mu_enrico]

Apparently a survey conducted confirmed that 60% of the Investors will rather keep holding their Bitcoins till they die if the price does not exceed 10,000$

It's like "go big or go home" mentality, lol
Their attitude is justified since they probably understand the risk, thus only speculating with their idle money.
Like mentioned attitude, I have various tokens from bounties, and I'd rather forget about it than to sell it for pennies.

[michellee]

I hope all of the investors represent the result. If that happens, we will see a good impact in the crypto world because they can influence other people to use bitcoin. We never know if they still hold or not, they are a strong holder or not because we don't know who they are. I only hope that they are not a panic investor who will sell their bitcoin if the price drops.

[Negotiation]

Investment systems play an important role in the progress of any business The role of investment in setting up a new startup is undeniable Again investing in a dynamic business can be a daunting task. As a result every business owner wants to attract investors The more investors that are able to attract investors the faster that organization progresses Investors must be patient I will not sell my bitcoin until the price goes up.

[Yatsan]

That was really pretty good that at least investors do hold tight into their investments even at this time of pandemic that most people are tempted to sell their assets for the sake of sustaining their necessities to be able to survive this crisis. But keeping or holding into your Bitcoin because the price is still not reaching $10,000? That was just a low expectation and perception because once the price of Bitcoin exceed that price mark, then those investors who have been holding their Bitcoins for a while will surely sell them once and for all.

Also, conducting surveys and polls on social media platform like Twitter seems to be unreliable because that was just a poll where anyone who sees it can participate and it cannot be reliant to support a claim. Better do google surveys to have a better basis of the claim then do a statistical interpretation about what information you have acquired. Doing polls only represent initial answers and it does not merely support a decent fact. Also, there is no such assurance on the range of participants if they are appropriate to become a part of the data gathering.

But all in all, it is good that despite of the crisis, still investors are having a strong hold into their Bitcoins and also other cryptocurrencies for the mean time and that will surely be worth it in the future.

[Shasha80]

I'm not sure the results of the Twitter poll by Peter Schiff are accurate, and I don't believe 60% of investors will maintain the Bitcoin
they have until they die if the price does not exceed $ 10,000. Only about 5% in my opinion makes more sense, and that does it most
likely a fanatical investor. And not many investors keep Bitcoin for inheritance, if there is a more attractive investment offer from Bitcoin,
certainly many Bitcoin investors have moved. So there is no guarantee that investors will keep Bitcoin for a long time, I don't think I have
to wait for the price of $ 10,000 to sell Bitcoin. If it's already profit, why not sell it, if it's hold and it turns out the price will go down will
regret it.

[deisik]

*Bitcoin's value won't have any drastic effects since these people are more or so long term holders

It's actually the other way around

With so many long-term holders, the supply runs dry and that makes Bitcoin more susceptible to squeezes, mostly short ones (read, the price may fall very fast very low). Whoever is going to challenge this point, just think about what happened in March this year and then ask yourself whether more long-term holders would have prevented these events from happening or alleviated them to a degree

It seems unfathomable that anyone would willingly die holding onto dear bitcoin because the price stagnated below the psychological $10,000 threshold. Rather, it is more plausible that Schiff’s poll result illustrates the faith with which investors hold in regard to BTC, even as the price struggles.[\b]

To me, this doesn't seem unfathomable at all. If you consider Bitcoin (or whatever, for that matter) your asset of last resort, it does make sense to hold onto it as long as you breathe until and unless you have no other option left but to spend it

[verita1]

I think there will be investors who have their portfolio diversified between bitcoin, and altcoins. As long as the price of Bitcoin remains in resistance and does not lead to a bullish price that we are long waiting for. They are definitely investing in other coins, fortunately in this time of crisis the market has remained more or less optimistic, as the worst is over.

[Phantomberry]

It seems those people who hold bitcoin till they die are bitcoin believers that the price of bitcoin will go again to ATH price. If those 60% people survey of Peter Schiff believe that they hodl bitcoin till they die. For me it depends on of situation in life maybe there are rich or stable so there perspective of what they believed. If I have bitcoin to hodl I would rather sell it because of this pandemic situation you will never know when it will end. You need fiat on your hand and you have nothing to do because you are poor.

[serjent05]

Few things to note here :

*People are serious about Bitcoins and do know the value of it
*They might be thinking of keeping it as inheritance money or something
*Bitcoin's value won't have any drastic effects since these people are more or so long term holders

Note.1. the polls does not show serious bitcoiners but  serious investors obsessed with cash in at a specific price -$10000+  . Many investors are not serious or real bitcoiners,

Note 2. I doubt that, firstly bitcoin will reach $10k and they would sell off, and even if the voted not to sell on the polls, on till $10k, wait till they see the sign of a bearish market or a FOMO, don't hold investors on there word, they are bounded to there money than their words

Note 3. There are millions of bitcoin holder that did not take part in the poll, -i am one- the poll won't matter excessively much on bitcoin price right now.

Another note is that the possibility of those who took the survey are not in the current financial crisis is possible or they are financially well and losing the amount they invested on BTC won't affect their financial capability.

All in all, the survey does not represent all Bitcoin investors but rather only a fraction of it. so it is kinda lame to say that..

Apparently a survey conducted confirmed that 60% of the Investors will rather keep holding their Bitcoins till they die if the price does not exceed 10,000$

[TheUltraElite]

I think there will be investors who have their portfolio diversified between bitcoin, and altcoins.

Putting money in altcoins is a gambling into an asset that it very likely going to go down. It would be wiser to put money in other sectors and by that I mean sectors other than cryptocurrencies. I consider the only crypto worth putting money in is Bitcoin. Anything else is a waste of resources.

As long as the price of Bitcoin remains in resistance and does not lead to a bullish price that we are long waiting for.

Price is actually holding well above 9k USD for the last month. I am happy to see that it did not go down back to 6k USD.

They are definitely investing in other coins, fortunately in this time of crisis the market has remained more or less optimistic, as the worst is over.

Possible, but I would suggest investors to focus on sectors like stocks that they had been eyeing for long time. This is the time to buy them at lows. If you are wishing to make a profit you need to observe this change. Not buying them because you dont like is a missed opportunity.

[minairia3]

Positive things are always good to be shared , feel free to leave your thoughts on this , plus with the new crypto debit card to be launched are you guys gonna buy it ?

It's just for Europe right now but hopefully it will reach everyone soon.

I think everyone has their own say and opinion about holding. This is a mindset of a holder and true long term investors. But for some players and traders who love to do trading, definitely they will just ride the market movement. I also not closing my door for possible gains so sometime I do trading cause it gives me good profits but not always. I set aside my budget for it and my long term coins for hodling.

Are you referring to Binance card? That's actually a good movement from them and will help on massive adoption and could boost market price especially for their coin.

[deisik]

I think there will be investors who have their portfolio diversified between bitcoin, and altcoins.

Putting money in altcoins is a gambling into an asset that it very likely going to go down. It would be wiser to put money in other sectors and by that I mean sectors other than cryptocurrencies. I consider the only crypto worth putting money in is Bitcoin. Anything else is a waste of resources.

As long as the price of Bitcoin remains in resistance and does not lead to a bullish price that we are long waiting for.

Price is actually holding well above 9k USD for the last month. I am happy to see that it did not go down back to 6k USD

Once bitten twice shy

The crash in March was mostly due to insane leverage on Bitmex. It looks like people have learned something and now deleveraged their positions to more sustainable levels, at least for the time being. It doesn't mean that we will never see a long squeeze again, of course, but it won't be as dramatic, and probably not very soon, either. However, this doesn't totally exclude a possibility of an unlikely event or development that Bitcoin goes down on its own (as it happened in late 2018 and early 2019)