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Question: What do you do when the market is bearish?  (Voting closed: July 14, 2022, 08:03:17 PM)
I hodl. - 14 (66.7%)
I have sold most of my BTC. - 2 (9.5%)
I trade 24/7 - 2 (9.5%)
I sell and plan to buy when it drops below ___ - 3 (14.3%)
Total Voters: 21

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Author Topic: The number of hodlers  (Read 699 times)
Yaunfitda
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July 12, 2022, 10:44:26 AM
 #21

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.
Of course, doesn't make sense for holders to sell just because the price is tanking and one of the worst bearish market.

We even have this report, Bitcoin Leaving Exchanges Hits An All-Time High. But it doesn't mean that the bitcoin leaving exchanges are being sold, maybe they just want to put in a safe wallet wherein they have total control over it.

R


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July 12, 2022, 03:54:18 PM
 #22

,,,,//....,,increasing resilence of hodlers.....//....:::

That is to say, that from his survey "I Hodl" you intend to get the number of Hodlers, because there is no projection in the OP  (or source), I feel that there are 3 themes in his context.

Believe me that resilience is something very individual and has nothing to do with a group of users, that is, the fact that you are a hodler does not mean that you are a person who has resilience.

...//...:::
The number of hodlers not selling ever under extreme market conditions has become higher than in previous bearish markets.
Where are the numbers that confirm that, or simply your idea is it something that as always happens with bitcoin is only  thoughts , sensations... of readingsn what happen here, there, even things like the result of the poll "x" (OP).

I am not saying that there are no sources that can be trusted based on that data (hodlers) but sometimes they are generated from perceptions individual.

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July 12, 2022, 04:39:15 PM
 #23

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.

It is the worst bear market in history but it's also:
  • the bear market with the highest high in history and so far the highest low
  • the bear market with all time low balance on exchanges
  • the bear market with the highest hash power in history
  • the first bear market with price of USD this high and high USD price always means a pressure on bitcoin

This is my third bear market and every time I held. This is going to be no different.
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July 12, 2022, 05:04:16 PM
 #24

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


This means investors are more understanding the bearish market now than before, probably only few number of investors are panic selling under this condition. btc 2021/22 performance have shown investors it is much more profitable to hodl even if the market is at it's lowest than to sell for loss. Those who held through the previous bear market were rewarded greatly. Once investors completely understood btc after every bear market will always hit a new ath will stop selling whenever there is bear season.

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July 12, 2022, 05:21:51 PM
 #25

~
Worst BTC bearish market? Where did you get this information, OP?
I am pretty sure this ain't the "bearish" market in fact that I even encountered the price of 3k per BTC couple of years back.
Surely these indicators are not serious aren't they?
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July 12, 2022, 08:11:32 PM
 #26

~
Worst BTC bearish market? Where did you get this information, OP?
I am pretty sure this ain't the "bearish" market in fact that I even encountered the price of 3k per BTC couple of years back.
Surely these indicators are not serious aren't they?

It's not the price that shows the severity of a crash but how fast and by how much it fell from the top. A fall from 5k to 3k would by no means be considered severe. A fall from 70k to 18k is really much worse. Some of the indicators we're talking about are the moving averages, number of red weeks in a row, volume of liquidations, the price being at the level of miner capitulation, which is the point where miners can no longer afford to hold their coins but instead sell everything to cover their bills, bitcoin being below the previous bull market high for the first time in history, and many more.

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July 13, 2022, 08:04:46 AM
 #27

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

There is no doubt concerning in this situation and this bear was like a chance for those who engages their selves buying when the market was $67k despite that much increase in the price this is another chance to recover, making most investors buy and hold more for being at minus looking from the price today so there should be more holders insteads sellers. It is only novice who don't want to utilize this best opportunity would also come crying how they missed their chances of buy at +$17k.

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July 13, 2022, 09:59:04 AM
 #28

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

There is no doubt concerning in this situation and this bear was like a chance for those who engages their selves buying when the market was $67k despite that much increase in the price this is another chance to recover, making most investors buy and hold more for being at minus looking from the price today so there should be more holders insteads sellers. It is only novice who don't want to utilize this best opportunity would also come crying how they missed their chances of buy at +$17k.
If they've bought bitcoins at $67k and have been holding them until now, we should salute them for being able to hold onto them until now.
The current conditions allow them to buy more bitcoins at this low price, especially now that bitcoin is experiencing another correction and is at $19k.
If they buy more bitcoins at the current price, their actual purchase price could drop drastically because if they take their average purchase price, they are not buying at $67k but a low price.
I don't know how long the market conditions will change and we can all take big profits again.

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July 13, 2022, 10:14:25 AM
 #29

Yes, this comes as a result of the accumulation of experience, most of the traders with average experience realize that every drop in the market is followed by a rise, they must have witnessed many declines that occurred in the past then came the rally, also they realize that Bitcoin despite all this tough bear market has only one uptrend at the end, so the DCA strategy is the best in these times while continuing to hold of course.
This market needs patience and experience, the faint-hearted have no place in this market and unfortunately they always lose because they simply fall into the trap of whales.


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July 13, 2022, 11:23:01 AM
 #30

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.


Of course, no one really wants to sell their crypto assets at a time like this, after all, they might already get some huge amount of money from their last investment and this time they are not rushing and they don't really care about the market situation rather they just remain silent and aim for the long term investment which they will gonna get a huge amount of income. Today you only see a few people that are selling their coins because they don't have the guts to wait they don't have enough money to survive which leaves them no choice.

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July 13, 2022, 04:23:19 PM
 #31

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.
Of course, doesn't make sense for holders to sell just because the price is tanking and one of the worst bearish market.

We even have this report, Bitcoin Leaving Exchanges Hits An All-Time High. But it doesn't mean that the bitcoin leaving exchanges are being sold, maybe they just want to put in a safe wallet wherein they have total control over it.
That is true, in fact, money in the exchanges means that it could be sold, money out of exchanges usually means that it’s not getting sold to me. That could be wrong, but I feel like people who would like to hold for a long term would want the money in their accounts, and in their own address' and not in some exchange. Think about all time high amounts of bitcoin being held in exchanges, would that be better? Of course not, this is why it makes sense to me that they would be doing a lot better right now in their own wallets.

This is another sign that bitcoin bull is coming very soon, or to me it is at least, maybe I am wrong and it doesn't mean that, but it sounds like that to me.

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0verseer
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July 13, 2022, 06:45:33 PM
 #32

~
Worst BTC bearish market? Where did you get this information, OP?
I am pretty sure this ain't the "bearish" market in fact that I even encountered the price of 3k per BTC couple of years back.
Surely these indicators are not serious aren't they?

It's not the price that shows the severity of a crash but how fast and by how much it fell from the top. A fall from 5k to 3k would by no means be considered severe. A fall from 70k to 18k is really much worse. Some of the indicators we're talking about are the moving averages, number of red weeks in a row, volume of liquidations, the price being at the level of miner capitulation, which is the point where miners can no longer afford to hold their coins but instead sell everything to cover their bills, bitcoin being below the previous bull market high for the first time in history, and many more.
Yes, price isn't all but it was the market reaction toward bearish news. Just recently, news regarding FED keeps on their goals to increase the rate make BTC pull a long sell candle from 20k to 19k, just shy away a little to 18k price. Right now, I can say most people still holding their BTC in the exchange are the weak hand and traders. If you look for the strong or diamond hand, you'll find none since they already withdraw their BTC back to the cold wallet as the number of BTC holders raising show.
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July 13, 2022, 07:52:19 PM
 #33

As more and more continue to educate themselves by paying attention to the previous bear market cycles, the ranks of HODLers will continue to grow and only grow stronger.  This does not surprise at all.
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July 14, 2022, 03:47:22 AM
 #34

Even though many are selling, there are many who are investing and to the surprise some of them are new to bitcoin.
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July 14, 2022, 04:40:52 AM
 #35

The number is increasing though some are selling off their bitcoin.
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July 14, 2022, 04:57:17 AM
 #36

Have not sold my stash now and only holding at the moment some coins I have bought back not a significant amount but still trying to accumulate more with whatever amount I can at these dips.But at this time only holding my coins for long term and maybe will sell some of it once it cross $50k or so but long term holding is option for me.

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July 14, 2022, 05:44:47 AM
 #37

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 hodlers have known the true capacity and capabilities of Bitcoins.
They know Bitcoins won’t break down their expectations. Bitcoins will rise no matter what happens.
The main reason for which many people are holding the Bitcoins are due to it’s marketcap.
Bitcoins are limited in number, so when the demand of the coin increases, the price will eventually rise and hence it’s good to HODL.
For these reasons the hodlers have increased compared to previous bearish markets.

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July 14, 2022, 06:18:30 AM
 #38

The number of bitcoin adoptions is increasing due to the low value of bitcoin. Many new investors have invested in bitcoin.
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July 14, 2022, 06:38:29 AM
 #39

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.
I caught the bearish trend a bit late. I sold at $32k bought back at 25k  and never bought again. My indication is still pointing towards the bear market so i will rather wait to buy the dip. But if my analysis goes wrong i will buy above $25k to avoid been trapped. I will start applying DCA if price falls to $15k but if $15k margin never occurs then $25k again will be my new bull
dragonvslinux
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July 14, 2022, 10:01:16 AM
 #40

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

Indeed the 1 year+ holders are currently at 65% after hitting a high 66% last month. Even with a sell off from $30K to $20K, only 1.5% of these long-term holders have sold, which is impressive hodl mentality. This high level of long-term holders is unprecedented for Bitcoin's bear markets, which is why many believe it can be short-lived, even if the bear market previous has lasted for multiple years.

Based on the current poll results (66% I Hodl), this is very much a reflection of the overall sentiment of long-term Bitcoin holders right now.
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