The number of hodlers

[TeslaWatt.com]

Although the on-chain indicators point towards the worst-ever BTC bearish market, they also underscore the increasing resilence of hodlers.

The number of hodlers not selling ever under extreme market conditions has become higher than in previous bearish markets.

[1715320585]

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[Upgrade00]

Although the on-chain indicators point towards the worst-ever BTC bearish market,

What online indicators are pointing towards this? The bearish sentiments are definitely high among investors and traders, but calling it the worst ever Bitcoin bear market seems like a bit of a reach

The number of hodlers not selling ever under extreme market conditions has become higher than in previous bearish markets.

As the Bitcoin market grows, investors have lots of history to understudy and this would definitely influence their resolve to hold or cut their losses. Much earlier when Bitcoin was still a very novel concept and there were lots of uncertainties about it, it was much more difficult to actually hodl than it is now.

[Doan9269]

Although the on-chain indicators point towards the worst-ever BTC bearish market, they also underscore the increasing resilence of hodlers.

The number of hodlers not selling ever under extreme market conditions has become higher than in previous bearish markets.

I can't lie to you am totally jot getting your point here, it maybe a question or suggestions but either ways I believe OP will find out time to get things right by himself with just a little editing to make it readable and understandable, here if i may try make some and bearish in bitcoin price isn't the first if it kind and holder only have the choice to wait until when the time comes for them to pull out for sale

[Bitcoin_Arena]

Although the on-chain indicators point towards the worst-ever BTC bearish market,

Help me point out how this is so far the worst ever BTC bearish market?
I am going to be honest It hasn't affected me like the way the 2018-2019 bear market did.

Personally, I am trading more in this bear market with hope that by the time the next Bull market takes off, I should be having enough sats to get me some sweet profits during that time.

[ImThour]

I won't lie, I saw this drop incoming, I sold near $50k's and bought back at $32k, then sold at $64k in Nov.
The chart pattern which was forming was double top with bearish RSI Divergence in which RSI is was going down, Price was going up.

Once it came towards $48k, I was able to see it forming another similar pattern which happened in 2018 that it will touch $22k.
So I bought at $21.5k for 50%, and DCAing the rest 50% throughout the year.

[BitcoinGirl.Club]

I won't lie, I saw this drop incoming, I sold near $50k's and bought back at $32k, then sold at $64k in Nov.
The chart pattern which was forming was double top with bearish RSI Divergence in which RSI is was going down, Price was going up.

Once it came towards $48k, I was able to see it forming another similar pattern which happened in 2018 that it will touch $22k.
So I bought at $21.5k for 50%, and DCAing the rest 50% throughout the year.

How could you be that perfect in your chart reading? Interesting.
I am like when I really need cash then I take a good portion and sell. Many times I found myself, after selling some the market started to move up and up like 10x LOL
By the way, I am DCAing from long time. It was slow when the price was over $30k but now pushing it again.

[dansus021]

I won't lie, I saw this drop incoming, I sold near $50k's and bought back at $32k, then sold at $64k in Nov.
The chart pattern which was forming was double top with bearish RSI Divergence in which RSI is was going down, Price was going up.

Once it came towards $48k, I was able to see it forming another similar pattern which happened in 2018 that it will touch $22k.
So I bought at $21.5k for 50%, and DCAing the rest 50% throughout the year.

Wow well done, i think the 17.8 K is last dip and i hope so if the bitcoin price break that supports in 17.8K i don't know what i going to say but DCA is best at this point in range 20K range and wait for other confirmation

[Fundamentals Of]

I hodl. And I am happy to see that many of those who voted in this poll are also hodlers like myself. This is despite the market condition and the outlook of a number of analysts that seem to predict of a more bearish days to come.

I am also happy that despite the heavy selling done by many weak hands, this does not just result into feeding the whales. The data shows that there are now a higher number of wallets with at least 1 Bitcoin. That must mean something.

[Za1n]

I won't lie, I saw this drop incoming, I sold near $50k's and bought back at $32k, then sold at $64k in Nov.
The chart pattern which was forming was double top with bearish RSI Divergence in which RSI is was going down, Price was going up.

Once it came towards $48k, I was able to see it forming another similar pattern which happened in 2018 that it will touch $22k.
So I bought at $21.5k for 50%, and DCAing the rest 50% throughout the year.

Wow well done, i think the 17.8 K is last dip and i hope so if the bitcoin price break that supports in 17.8K i don't know what i going to say but DCA is best at this point in range 20K range and wait for other confirmation

Compared to previous bear market cycles we are just starting to get into this one. I do not think $17.8k was, or is, the lowest point we will see.

Just some random ramblings to keep in the back of your mind, the 2017 peak was just shy of $20k and the last peak in late 2021 was $69k (lets call it $70k for our simple thought experiment.)

So the difference in peaks between the two last bull markets was on the order of $70k/$20k or about 3.5x.

The low between the peaks was around $3200 (Dec 2018). So if we use the same multiplier of 3.5x on the low, we would see a new low of roughly $11,200 this time around.

Of course this is all just guesswork, but it does help to keep history in mind before becoming too confident in any bottom predictions.

Myself I would be more comfortable placing buys once the price gets closer to the $11k area than the rather lofty $17.8k region. Another thought is since $10k is a major psychological level, we would perhaps test that if BTC does get down that far, so even $11k is probably a bit high to hope for a true bottom, perhaps we might see some dips down in the $9k's.

Anyway DCA is your friend, but I would start investing very lightly at what I consider these high ($17k) estimates of BTC's bottom.

[ImThour]

How could you be that perfect in your chart reading? Interesting.

Told everyone that BTC is about to touch 200 Weekly Moving Average i.e. $21.5k - Bitcoin and It's Events
Told everyone that a 50% drop is incoming - Bitcoin Hash Ribbons Capitulation Alert!

It's not that hard when you are able to relate it with the historical patterns which happened with BTC previously.
And on top of that, I worked hard on my technical analysis.

[Poker Player]

The number of hodlers not selling ever under extreme market conditions has become higher than in previous bearish markets.

I was going to ask you for the source of this, but googling I get reddit and this: The number of hodlers not selling ever under extreme market conditions has become higher than in previous bearish markets

which are the same source garbage. An image that anyone can make with Paint.

I'm not saying it's fake, but I'm skeptical of this data. It reminds me of the number of times since a year ago that I've seen the news that the number of Bitcoins leaving the exchanges (supposedly for HODL) just keep growing. I remember seeing a news story about it 3 or 4 times just before it dropped in price.

[pooya87]

Actually the "on-chain indicators" have already shown that people are increasingly purchasing bitcoin and moving it to their cold storages. For example if you have checked the number of bitcoin addresses with a balance you could have seen that their number is increasing specifically those addresses with more than a whole bitcoin which shows that people are taking advantage of the current discount.

[SquirrelJulietGarden]

Each cycle that is about 4 years, we have better adoption that is reflected on total Bitcoin addresses, number of estimated holders, utility for Bitcoin and upgrades in technology. In this cycle, we have Taproot upgrades + Schnorr signature and a very amazing growth of Lightning Network.

If you want to check holders and their on chain stats, I know some and will share them here

Wallet sizes from 100+, 1000+ BTC:
https://www.lookintobitcoin.com/charts/wallets-greater-than-1000-btc/
https://www.lookintobitcoin.com/charts/wallets-greater-than-100-btc/

Bitcoin Rich list: https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

HODL camp: https://hodl.camp/
HODL waves: https://unchained.com/hodlwaves/

[Poker Player]

Actually the "on-chain indicators" have already shown that people are increasingly purchasing bitcoin and moving it to their cold storages. For example if you have checked the number of bitcoin addresses with a balance you could have seen that their number is increasing specifically those addresses with more than a whole bitcoin which shows that people are taking advantage of the current discount.

And yet the price keeps dropping?

I don't know if you have read what I posted before.

News from April 4, when the price was around $42k:

Bitcoin Continues To Flow Out Of Exchanges.

This one from January 28:

Bitcoin Worth $670M Leaves Centralized Exchanges After Hawkish Fed Comments.

I don't doubt that this is the case, what I doubt is that it is a bullish indicator, which is what the news sells us when they say that Bitcoins are leaving the exchanges.

[Coin_trader]

Although the on-chain indicators point towards the worst-ever BTC bearish market, they also underscore the increasing resilence of hodlers.

The number of hodlers not selling ever under extreme market conditions has become higher than in previous bearish markets.

The current price is way above the price since the last bear market last pandemic so it means that many holders remain holding since the price is not on same level. Whales just transfer there big bag holdings to small retail holders that bought in the top and no choice than to hold. Y
We might see an increase of holders once the price dip lower because many will buy whales bug at lower price.

[pooya87]

I don't doubt that this is the case, what I doubt is that it is a bullish indicator, which is what the news sells us when they say that Bitcoins are leaving the exchanges.

I didn't say this is a bullish indicator either, just that a lot of people are buying bitcoin. The reason why price dropped is because the dumps are sudden and big where whales and panic sellers sell a large amount of bitcoin in a very short time but the buys are slow and spread over time.

Besides if as you said bitcoin is leaving exchanges then it is supporting exactly what I said that people are buying bitcoin and moving it to their cold storages. Keep in mind that this has been happening for some time now, not just one small case. See this topic from last month: https://bitcointalk.org/index.php?topic=5402690.0

[rodskee]

Although the on-chain indicators point towards the worst-ever BTC bearish market, they also underscore the increasing resilence of hodlers.

That is On chain indicator but this is still not the bearish market ever because there are years in which the market drops really bad comparing to what we are having now.

The number of hodlers not selling ever under extreme market conditions has become higher than in previous bearish markets.

Wait, how can you call them holder if they are going to sell their coin in whatever market condition this is?

lol of course they are holders(wait I am also a Holder lol) so they will keep the funds intact in this dumping market.

[romero121]

The increase in number of hodlers is due to the awareness about bitcoin. Earlier people were just new to the market and that makes them easily fall for speculations. Now it is not the same, market is driven by all level of hodlers. In the past whales have the major contribution. Same as that we have cyclic market for stocks, here too similar thing is happening on four year cycle.

The price that reached ath during the year 2017 month of November further started to drop and the next ath was reached during the year 2020. Later once again the growth continued reaching the ath in the year 2021. So, a four year cycle is on process. Upon which the market will move in a stable manner and the bullish moves would take time. So, realising this the people might've started to accumulate. This too can be a reason for increase in number of hodlers than selling.

[Leviathan.007]

I can't lie to you am totally jot getting your point here, it maybe a question or suggestions but either ways I believe OP will find out time to get things right by himself with just a little editing to make it readable and understandable, here if i may try make some and bearish in bitcoin price isn't the first if it kind and holder only have the choice to wait until when the time comes for them to pull out for sale

The number of bitcoin is increasing according to some articles we see because the people who leave bitcoin price is currently at an extraordinary situation to buy are still buying bitcoins and holding it for the long term which is a good move by them however during the bearish market people will feel the pressure because some of them need their money and some others are worried about the price of bitcoin so they would start selling bitcoin, I can't lie here because I had to see a little part of my investment and feel regret however I'm waiting for a chance to buyback keep holding for long term.

[davis196]

I don't doubt that this is the case, what I doubt is that it is a bullish indicator, which is what the news sells us when they say that Bitcoins are leaving the exchanges.

The process of Bitcoin moving out of crypto exchanges into cold wallets is neither bullish or bearish.
The new money that enters the crypto market usually flows into the centralized crypto exchange platforms, because:
1.The platforms are usually more convenient.
2.Crypto newbies still don't understand the meaning of "not your keys, not your coins" and "be your own bank". That's why they prefer to trust a company.
The hardcore crypto traders/investors, who are inside the crypto world for several years, got disappointed by the crypto exchanges, so they are moving their coins out of them.
In summary, increasing the amount of coins in crypto exchanges can be seen as a bullish indicator, while coins moving from exchanges to cold storage is more like neutral. The argument of this process actually increasing the number of HODLers isn't completely valid, because those investors could potentially their sell the coins, which are stored in their cold wallets.