Why the Market is Thinking About Bitcoin Differently

[bitmover]

I really like this website  visualcapitalist. Ir Shows in a very simple way and charts interesting information.

They made one about how bitcoin market is thinking differently about bitcoin. More people are holding now for long term.

According to research from Ark Invest, investors are holding onto bitcoin for longer and longer durations. By holding the asset rather than selling, it decreases the supply of coins available on the market at any given moment, which can drive up price. This suggests that market participants see the long-term value and potential future payoff the asset possesses.

In the past, durations of days and months were the most common holding periods for bitcoin investors, while holding for more than a year was practically non-existent up until recently.



https://www.visualcapitalist.com/why-the-market-is-thinking-about-bitcoin-differently/

Personally, I have  always hold for long term. It is interesting to see that 10 years ago people were mostly thinking about holding for days and months. The market is changing and getting more mature as adoption grows.

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[Yogee]

....It is interesting to see that 10 years ago people were mostly thinking about holding for days and months. The market is changing and getting more mature as adoption grows.

Isn't this because bitcoiners from 10 years ago were more focused on using BTC as a currency spent on pizza and other stuffs rather than an investment asset? It was done to distribute the coin and increase market adoption.

[sunsilk]

The majorit just learned that it's better to hold for long term than to panic sell. Many investors now have been matured and positive with what the future lies for bitcoin unlike before, because what the market shown wasn't that promising at all.

Now that it did many times that it has surpassed good price, really good price coming from the past ATH of $20k, and so on up to $60k. This made everybody to decide that there's a possibility that it can grow more for the upcoming years.

And adoption rate has increased which is also a factor that made everyone decided to hold.

[The Cryptovator]

The world is changing day by day and people's thought changing as well. TEN years back no one imagined that Bitcoin would reach above $60K. Same now we can't imagine what will be the price of Bitcoin after 10 years. That's why then peoples thought for holding for day or months. For the holding also there are few policies. Holding doesn't mean for a lifetime. There is some golden chance to cashing out as well and buyback. But I agree with holding instead of panic sell what I learned from my previous mistakes which aren't recoverable.

[Poker Player]

Very interesting. It makes sense, because some time ago, even if people believed in the future of Bitcoin and its fundamentals, they were not so sure. Today people in general and also some institutions are clear that Bitcoin is part of our society and there is no stopping it. It is also expected to continue to increase in price. So, the holding behavior is a logical consequence.

[lionheart78]

....It is interesting to see that 10 years ago people were mostly thinking about holding for days and months. The market is changing and getting more mature as adoption grows.

Isn't this because bitcoiners from 10 years ago were more focused on using BTC as a currency spent on pizza and other stuffs rather than an investment asset? It was done to distribute the coin and increase market adoption.

Pretty much I agree that during the early days, BTC pioneers' aim is to spread the news and increase adoption about Bitcoin, they even give a whole BTC as a reward in claiming faucets.  They are more focused in introducing BTC to the world.  Aside from that people from the earlier days has less confidence in the BTC market thus they are willing to part from it in a small amount of profit but the story nowadays is very different since the confidence in the BTC market skyrocketed, holders are now willing to hold BTC for a long term.

[Kabul]

As I always believe, bitcoin is soon become a digital asset in which people really want to hold instead of randomly using it. At first, when bitcoin was not popular, there are bitcoiners who use their bitcoin to purchase digital goods or physical items, but it is obvious that right now, holding is the primary option for them. Only newcomers will use their bitcoin to purchase things like Tesla model

[dothebeats]

Wouldn't be the case if bitcoin didn't see such a huge rise to such heights previously unimaginable. We all know that most people flocking into bitcoin and cryptocurrencies are here to make a quick buck, and there's really nothing else that I can think of as to why majority of the people now have decided to hold bitcoin for the long-term. Bitcoin's price appreciation over time has been quite the record breaker, and seeing these charts and historic price data is what made a lot of people sold on the idea of holding bitcoin for longer. Everyone's here mostly for the rewards, and that's a fact.

Had bitcoin stayed on the levels of $1k - $5k, I doubt people would even think of holding it for longer than 1-3 years. A lot of people would surely dip in and dip out just to make a profit off of the differences in prices without much commitment being thrown into the cryptocurrency.

[Kong Hey Pakboy]

With a lot of people that are preaching to hodl, I think that it is obvious that this is what happens because the market is easily influenced if you have enough people to spread something, in this caseit will be hodling bitcoin instead of trading it and with a lot of memes about what money they could have got if they hodl their bitcoin.

[Fesatmas]

I am sure that the number of people who hold bitcoin 10 years will be counted. We all didn't know that bitcoin would be this mature, to the point where in the middle of last year we had run out of bitcoins quite a lot. Our last year bitcoin fell in 2017 because that was how the madness started. and we didn't think it had come this far.
As for people who have survived 10 years and even today are still with the largest number of bitcoins owned by some people. even those who have forgotten their wallet password.
and bitcoin this year by holding it for the long term only at fetching a price above $ 40K .. the rest I didn't hear when buying at $ 5K.

[Karartma1]

Whoever has been smart enough to take some time to study, understand and comprehend all the various aspects that constitute the fundamentals of bitcoin , I think will never regret transferring part of their wealth into the orange currency.
Today, exchanging fiat currency for BTC is a bit like taking out an insurance policy on the future. I still consider it a zero-sum bet but I'm increasingly happy to have entered at the right time and to have been consistent with my choices despite the (many) mistakes made. I digressed a bit to say that visualcapitalist is great, I've been watching it for a while and it's clearly a bookmark of mine.

[icopress]

As I always believe, bitcoin is soon become a digital asset in which people really want to hold instead of randomly using it. [..]

Not that we are not ready for this yet, it just needs more time for mass recognition, or a good catalyst is needed. For example, some kind of coup or civil war throughout the Latin American continent, an event that will bring down the banking sector and 500 million people will choose Bitcoin as an alternative, (these are just thoughts out loud, there can be a lot of such options for the development of an event).

[franky1]

the graph is self explanitory..

in 2010.. bitcoin was only 1 year old. so ofcourse 100% of people only held for a year..
it was IMPOSSIBLE for anyone to have held coins for 2years+ or 5years+...

in 2014 it was only 5 years old. so ofcourse in 2013 NO ONE held for 5+years.

what you need to realise is the now on year 12. the amount of 5+ year coins is mostly lost' forgotten coins which are not really part of active circulation. most of the coins will never move every again. so that 5+ year allowment can be ignored.

when looking at the 1-3month and the 2-4 years they can be shown as the short/longterm plots.

yes i know i personally have coins that have not moved in 5+ years but i still have the keys and can move them. so its a small hypocrite to declare my coins as lost/forgotton. but when you look at the 1mill coins that are satoshi stash. thats 5% of all coins that wont be moving.
there are many other coins that were lost/forgotten in the 2009-2013 era too

so dont put much weight into the 5+year coin amounts. as most wont ever move.

..
if you plot out the coins in say 2013 and look at the 1-3 month vs 2-4year
and then plot out the coin in say 2020 and look at the 1-3month vs 2-4 years

then you will have better scope to make better judgement of sentiment of long vs shortterm holders

but the graph as a whole is misrepresenting it as you have to be aware that in 2013 no one could have held coins for 5+ years even if they wanted to

[Fortify]

Certainly an interesting infographic and it does signal a shift in how bitcoin is being perceived. After all this extra investment money has poured in from hedge funds, we'll certainly see a more limited pool available in future and the sort of investors who keep their money in these places are long term holders, as opposed to short term speculators. The kind that have so much money they never sell and simply live off the money that their money generates in the stock market. They must love the fact that Bitcoin has such a limited amount in circulation compared to their other assets that are constantly having to fight the inflation rate to keep value or fluctuates like gold that has lots of impracticability with storage.

[teosanru]

I really like this website  visualcapitalist. Ir Shows in a very simple way and charts interesting information.

They made one about how bitcoin market is thinking differently about bitcoin. More people are holding now for long term.

According to research from Ark Invest, investors are holding onto bitcoin for longer and longer durations. By holding the asset rather than selling, it decreases the supply of coins available on the market at any given moment, which can drive up price. This suggests that market participants see the long-term value and potential future payoff the asset possesses.

In the past, durations of days and months were the most common holding periods for bitcoin investors, while holding for more than a year was practically non-existent up until recently.



https://www.visualcapitalist.com/why-the-market-is-thinking-about-bitcoin-differently/

Personally, I have  always hold for long term. It is interesting to see that 10 years ago people were mostly thinking about holding for days and months. The market is changing and getting more mature as adoption grows.

Now a very interesting problem we face is the paradox. The price is increasing because of the supply getting limited and people starting to HODL while on the other hand people are holding because they think the price will increase further or Bitcoin is a break-through technology for payments. But the Irony is no one is using it for payments or at least 60% as per this infographic aren't using it for payments. Now doesn't all this makes Bitcoin price run a complete speculative asset in itself? I mean what is driving the value of bitcoin then? Aspirations? Emotions? Because hardly 5% are actually using the technology on daily basis.

[willoweb]

I see two common opinions among my friends and acquaintances about bitcoin and its price. Some guys believe that the price we see is not the limit and it will grow further along with the capitalization of the entire market. There are a lot of factors - large funds and corporations known to everyone publicly invest in cryptocurrency and bitcoin. There is another opinion - that all this is just another bubble - and it will burst like it did a few years ago with all the losses and panic. I think that the situation will definitely not repeat itself because a lot has changed.

[yhiaali3]

Certainly people who have followed the Bitcoin march over a short history of about 10 years have changed their thinking now, who sees the dramatic change that took place in the Bitcoin price 10 years ago and so far surely will think of keeping the Bitcoin for the next ten years because we will certainly see prices tens of times higher than the price. Bitcoin today, there will inevitably be new historical highs at unexpected prices.
Some people think it is too late now, but this is not true. After 10 years, there will be many people who regret missing the opportunity again.

[nicecrypto]

I really like this website  visualcapitalist. Ir Shows in a very simple way and charts interesting information.

They made one about how bitcoin market is thinking differently about bitcoin. More people are holding now for long term.

According to research from Ark Invest, investors are holding onto bitcoin for longer and longer durations. By holding the asset rather than selling, it decreases the supply of coins available on the market at any given moment, which can drive up price. This suggests that market participants see the long-term value and potential future payoff the asset possesses.

In the past, durations of days and months were the most common holding periods for bitcoin investors, while holding for more than a year was practically non-existent up until recently.



https://www.visualcapitalist.com/why-the-market-is-thinking-about-bitcoin-differently/

Personally, I have  always hold for long term. It is interesting to see that 10 years ago people were mostly thinking about holding for days and months. The market is changing and getting more mature as adoption grows.

I agree with you and I believe that for a system that is just barely12 years and that has changed this much over the number of its existing years can or will certainly do even better as the system get a wider global adoption and like you said, the New Investors now see Bitcoin in a more different way than how the earlier investors perceived it back then because of the general Investment thinking now knowing that long term Investment in Bitcoin pays off big, hence the change in pattern of HODL.

[alex juhir]

There is a big difference between the current Bitcoin and Bitcoin 10 years ago because the price of Bitcoin is now around 58,000 in the market and 10 years ago the price was much lower in the market. Bitcoin is one of the most widely used cryptocurrencies in the market now and is likely to grow in the future as its users grow over the ages and everyone thinks it is one of the most widely used currencies. Gradually becoming more popular so it can be said that this currency will increase more in the future

[dkbit98]

I think that situation in worlds economy changed drastically in last ten years with increased money printing and inflation that affected Bitcoin and bitcoin holders, and it can only get crazier in next years.
People are starting to wake up worldwide and more of them are purchasing and investing in Bitcoin, that makes og holders and btc believers even more confident to continue what they are doing.
Most people sold and spent most of their Bitcoin years ago, (and I would probably do the same if I discovered Bitcoin in 2011 or 2013), smart people purchased from them, and only smaller percentage and smartest people are still holding most of their coins.