Why the Market is Thinking About Bitcoin Differently

[hatshepsut93]

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.

Bitcoin was even more volatile back in the day, and its future was quite uncertain - the governments could have stopped it in its infancy by banning exchanges and mining, there was zero institutional interest, almost every financial commentator was skeptical on Bitcoin. It's no surprise that retail investors choose to dump it when they got their 1000% profits instead of believing in long term. Especially after witnessing 80% crashes that looked like the end of Bitcoin.

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[palle11]

Bitcoin was even more volatile back in the day, and its future was quite uncertain - the governments could have stopped it in its infancy by banning exchanges and mining, there was zero institutional interest, almost every financial commentator was skeptical on Bitcoin. It's no surprise that retail investors choose to dump it when they got their 1000% profits instead of believing in long term. Especially after witnessing 80% crashes that looked like the end of Bitcoin.

Yes the past was when we had much fud about bitcoin or fears around it that it was not sustainable investment or asset but now, all has changed. It has taken over the finance , optioning into payment system. You just can't avoid talking about bitcoin because institutional investors have found it as a means to even grow there investment networks and payment system.

[(o)(o)ilikeboobs(o)(o)]

I believe that since hedge funds chose Bitcoin to invest, the value of Bitcoin has increased rapidly and soon reached 60k $ although there has been a correction when Bitcoin was around 30-40k $. Investors are no longer panicking like before, they choose to buy at a lower price and hold for longer. It is a strategy to avoid missing out on the opportunity to own well-priced Bitcoin. Their vision of Bitcoin has certainly changed in recent times. Bitcoin and cryptocurrencies are already the trends of the financial world. The market capitalization of the cryptocurrency market has tripled from 2020's ATH and is set to rise even higher.

[sapnu]

We should've expected it to happen actually considering how fast bitcoin managed to grow rapidly over years. A lot of people underestimated bitcoin before and I think that is the reason why the holding time they spent of bitcoin is way shorter compared to what investors does right now. As they see bitcoin become successful over the years, many might have changed their mindset and focused on long term goals, they do not hold bitcoin for just a week or a month anymore, instead they learned from the regrets that came upon them as they see those who had a lot of faith on bitcoin start gaining lots of profit in return for holding for a very long time.

[tygeade]

This is really nice and it shows the reason behind the market not going down for long now. Just look at the past years when there were bullish trends and compare them to this year, one thing I have noticed about those years were that whenever the price of bitcoin goes up like this people would always starts selling immediately, and that will lead the market down and it will crash heavily within a short time.

But this time around it has been something totally different, things have changed this time around, after a long time now the price of coins in the market has been steady growing and adding more value everyday even when you think that it is over. So for sure, the mindset of investors have changed this time around and they are now looking at holding for a long term.

[Anonylz]

Btc already proven to everyone that it is a coin to be trusted, since the past decade btc has been striving and surviving in every situation, people have study and understand btc and are now comfortable to get involved for however long,  btc price constantly rising from low to high and surpassing many other similar investment options made it more attractive. It is not surprising to see this result, btc has come a long way and deserves the attention now.

[so98nn]

Yes, and let us hope that more and more investors will keep holding it so that the base for bitcoin becomes so strong that one day it would cost huge pile of money to buy single bitcoin. I am saying this because our assets will be valued more even if you hold few bits in the future. I am not sure if bitcoin will get status of currency but as an asset it is going to be premium investment in the upcoming future. People will literally fight to make one whole bitcoin into their wallet since it would be millions of dollars to make one. So if they are holding the supply then I’m with them to support.

[fiulpro]

People are making predictions so as how the price would push 1 lakh dollar soon which is really something that is weird since the same people were actually saying how this is FUD and would fail soon. The market perception have not changed it have reversed for the time being seeing all the big companies are now also investing making it an amazing opportunity for the Government and the Gambling companies , the Government is getting taxes and the gambling companies are still working online with much more caliber and more people getting engaged in the same business. People are adding bitcoins to their small home based businesses which is a bit deal because I believe this would motivate bitcoins on a level that encompasses not just Investment but adoption by different levels and not just whales or big companies but also on a small scale , giving people the true "financial freedom"

[tippytoes]

Yes, and let us hope that more and more investors will keep holding it so that the base for bitcoin becomes so strong that one day it would cost huge pile of money to buy single bitcoin. I am saying this because our assets will be valued more even if you hold few bits in the future. I am not sure if bitcoin will get status of currency but as an asset it is going to be premium investment in the upcoming future. People will literally fight to make one whole bitcoin into their wallet since it would be millions of dollars to make one. So if they are holding the supply then I’m with them to support.

Interesting what its impact will be in commercial market? Will people use their satoshis to buy or just keep it and save as much as they can? Because if most of us aim to hold our satoshis, then, adoption in the payment sector will not grow in the manner that we want it. But that's fine, as long as there are many believers in this market then, bitcoin has real future, if not in the payment area but more on the investments side.

[awik p]

Yes, and let us hope that more and more investors will keep holding it so that the base for bitcoin becomes so strong that one day it would cost huge pile of money to buy single bitcoin. I am saying this because our assets will be valued more even if you hold few bits in the future. I am not sure if bitcoin will get status of currency but as an asset it is going to be premium investment in the upcoming future. People will literally fight to make one whole bitcoin into their wallet since it would be millions of dollars to make one. So if they are holding the supply then I’m with them to support.

Interesting what its impact will be in commercial market? Will people use their satoshis to buy or just keep it and save as much as they can? Because if most of us aim to hold our satoshis, then, adoption in the payment sector will not grow in the manner that we want it. But that's fine, as long as there are many believers in this market then, bitcoin has real future, if not in the payment area but more on the investments side.

Indeed, if you look at bitcoin, it is more of an investment than as a means of payment. and it cannot be denied, that today many people buy bitcoin to get fantastic profits. but whatever it is that is currently happening is an advantage for bitcoin to develop

[Kittygalore]

I Think this is normal. When you are investing in something that you are not sure its potentials, you try to minimize your loss by not holding long and investing limited amount of money. We have seen in the past where someone ordered pizza with huge amount of bitcoin. It might not be because he has no fiat to buy the pizza. This was what happened in the past. As the potential continue to grow the rate at which people hodl will continue to also increase.

I think the reason that Laszlo bought that pizza was not for substitution for payment but to prove that bitcoin can be used like a fiat to buy a pizza. If you are not sure of its potential then you shouldn't invest in it because you will lose money, the only way to earn big on investing is to take a leap of faith.

[davis196]

If everybody is HODLing and nobody is buying,the BTC price won't go up.We need more buyers than HODLers.
If the Bitcoin market becomes stagnant,more and more HODLers will get tired of waiting for a new ATH,so they will start selling a part of their BTC.This will create more selling pressure and the lack of enough buyers will lead to a bear market.Having a bear market for a few months will change the expectations for a new ATH,so less people will HODL Bitcoins in the long term. 

[iv4n]

If everybody is HODLing and nobody is buying,the BTC price won't go up.We need more buyers than HODLers.
If the Bitcoin market becomes stagnant,more and more HODLers will get tired of waiting for a new ATH,so they will start selling a part of their BTC.This will create more selling pressure and the lack of enough buyers will lead to a bear market.Having a bear market for a few months will change the expectations for a new ATH,so less people will HODL Bitcoins in the long term. 

Market to grow money needs to flow! In our case coins!

It's people, after all, we are different... we have different plans and goals! Buying/selling is trading, but Bitcoin/crypto economy should and is more than just speculating assets! You can do a lot more with your coins than just trading with them is what I want to say...

So in the end it does not matter what you do with the coins you have! If you have them you are in and you are helping the crypto-economy to grow, more or less! The ones who are actively using coins help more than just holders of course... but holders are important as well, the factor that affects the supply and number of coins in circulations, and the price depends on that!

[blckhawk]

If everybody is HODLing and nobody is buying,the BTC price won't go up.We need more buyers than HODLers.
If the Bitcoin market becomes stagnant,more and more HODLers will get tired of waiting for a new ATH,so they will start selling a part of their BTC.This will create more selling pressure and the lack of enough buyers will lead to a bear market.Having a bear market for a few months will change the expectations for a new ATH,so less people will HODL Bitcoins in the long term. 

I kinda agree on this one, people shouldn't only focus on HODLing but buying as well because there will be no movement that will occur if we will just all focus on HODL. Apparently, it could be one of the reasons why Bitcoin is still hovering at its current price because no one wants to buy anymore thinking it is too expensive for them anymore, believing it was the peak. If this continues there's a chance that we might not reach $100k like we have speculated. We will make it but don't just HODL but rather buy as well.

[Taskford]

If everybody is HODLing and nobody is buying,the BTC price won't go up.We need more buyers than HODLers.
If the Bitcoin market becomes stagnant,more and more HODLers will get tired of waiting for a new ATH,so they will start selling a part of their BTC.This will create more selling pressure and the lack of enough buyers will lead to a bear market.Having a bear market for a few months will change the expectations for a new ATH,so less people will HODL Bitcoins in the long term.  

I kinda agree on this one, people shouldn't only focus on HODLing but buying as well because there will be no movement that will occur if we will just all focus on HODL. Apparently, it could be one of the reasons why Bitcoin is still hovering at its current price because no one wants to buy anymore thinking it is too expensive for them anymore, believing it was the peak. If this continues there's a chance that we might not reach $100k like we have speculated. We will make it but don't just HODL but rather buy as well.

Thats why you need to balance things since every transaction is important on bitcoin growth so try to split up your balance upto 50% since if you only do hodling well maybe you will end up waiting something which have high risk to lose in future if your not good on controlling your emotions.

But if certain individual doesn't know how to trade but can risk to hodl what he have then maybe this is rather good since since not everyone will do this so expect that btc will still move even if there's a large number of people will hodl.

[Kakmakr]

OP, it is the first time that I am seeing that graph of Bitcoin and it seems as though there are a definite pattern of growth over the long-term. We know the "Halving" is supposed to have an impact on the price, because it reduces the amount of coins that are given as a Block reward for mining, but it does not guarantee an increase in the price.  

It is actually nice to see some kind of pattern forming and that it is sustained over the long-term. In theory... as adoption grows, Bitcoin supply must go down and the demand for it should increase ...thus pushing up the price.  

A lot of bitcoins are used for gambling, so it explains why some people are not hoarding coins for a long period. Lately, people are also buying bitcoins to pay for "Pornhub" and other adult sites, so those coins change ownership very quickly.

[oHnK]

Thats why you need to balance things since every transaction is important on bitcoin growth so try to split up your balance upto 50% since if you only do hodling well maybe you will end up waiting something which have high risk to lose in future if your not good on controlling your emotions.

But if certain individual doesn't know how to trade but can risk to hodl what he have then maybe this is rather good since since not everyone will do this so expect that btc will still move even if there's a large number of people will hodl.

A good investor has his or her own profit target because if we only hold BTC for a certain period of time without a gain target, what we want to achieve is just like a seasonal investor who just follows along.  Being an investor who holds assets is not a strange thing, but if an investor in the same class does not understand when to cut losses, it is foolishness and needs to learn a lot so as not to lose more.  Actually in my opinion, BTC is a trading market and not for the long term because of the volatility it has.  You invest 100 $ in BTC in 1 year period is much better than buying BTC in 100 $ and have active trading in a year.  Here are two options that can describe your character.

[goldade]

10 years ago, bitcoin wasn't worth very much so mnay of the early users didn't find so many reasons to hodl bitcoin. In fact, many of them sold as soon as there's something to spend it on or make some little profits. We can't blame them. It is because they could not see into the future to know its worth today.
Now, we know how safe an investment is by investing in bitcoin and hodling. Many people have made so much money by just buying bitcoin at some price some two to three years ago and hodling it.
The chart is true and I am not surprised it is so. It's just a representation of exactly what is happening.

[JoMarrah Iarim Dan]

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.

It is not my story to tell but it was friend, I know he was not that interested at first he is not sure or he do not believe in bitcoin. When he created his account in this forum way back 2009, he said he was given a free bitcoin during his registration. At that time, bitcoin price is not a big deal so why become so interested about about it and besides bitcoin is not acceptable as a mode of payment in any store here in our country especially in our province. As time pass by when bitcoin price is getting better and better until 2017 comes, he tried to retrieve his account and bitcoin but he couldnt. He just continue in this forum then shared it to us that is why I discovered this. Well the bitcoins I earned in 2017 remain in my wallet that I can still access right now. I really beleive in bitcoin thay is why I keep holding it from 2017 to 2021. I am happy watching that its price is rising and I am more encouraged to earn and keep holding while I am not that short in my budget.

[Pamadar]

10 years ago, bitcoin wasn't worth very much so mnay of the early users didn't find so many reasons to hodl bitcoin.

Without any liquidations those early holders just seek for any ways to sell or use it instead of holding.

In fact, many of them sold as soon as there's something to spend it on or make some little profits.

They are happy to see that they've got something especially those who earned it in an easy ways.

We can't blame them. It is because they could not see into the future to know its worth today.

Just said it right, can't blame anyone, no one knows that this huge pumped will happen.

Now, we know how safe an investment is by investing in bitcoin and hodling.

Investing is not safe completely, there's a risk but holding that's the right thing to do if you want to maximize your profits.

Many people have made so much money by just buying bitcoin at some price some two to three years ago and hodling it.

Long term holders are now harvesting the fruit of their wait, see now how valuable this asset, huge earnings for those who hold 2-3 year ago.

The chart is true and I am not surprised it is so. It's just a representation of exactly what is happening.

Precisely! things really happened and it may push for more.