Bitcoin Holders Hesitant to Sell Despite Price Surge

[mirakal]

 This is not really surprising as bitcoin holders would always want to achieve maximum profits if the market allows them. That is the reason why they invest in bitcoin and hold it for long term, not just to double or triple the profits, but if there are chances to increase the rate of their profits, they would be willing to take the risk and wait patiently until they end up with huge and satisfying amount of profits.  

 I can say that in every bitcoin halving that happens, bitcoin hodlers have also learned their lesson and would want better experiences with the next bitcoin halvings. Now, that the next bitcoin halving is set to happen by next year, then as much as possible they really want to maximize their preparation and hold their bitcoins as long as they want if its the only way they will gain life changing profits when the bull season has finally started.

[batang_bitcoin]

I can say that in every bitcoin halving that happens, bitcoin hodlers have also learned their lesson and would want better experiences with the next bitcoin halvings.

That's true, everyone has learned what comes next every halving. And this is not a secret anymore that we're going to get through the halving within 5 months from now. It is the reason why we're all holding because what we've seen in the past is what we're applying and not doing any stupid decisions from now on.

Now, that the next bitcoin halving is set to happen by next year, then as much as possible they really want to maximize their preparation and hold their bitcoins as long as they want if its the only way they will gain life changing profits.

Yeah and even not maximum that we can get from it. As long as we get a decent profit from it is more than good from the past years that has passed.

[nelson4lov]

These statistics are often one-sided and incomplete. While we know that there are addresses that haven't moved any BTC in the last year, there is no report how many % of those accounts are actually in profit because it's become a common occurrence to see a lpt of movement even from dormant accounts when the price of bitcoin is getting to or has surpassed a previous all time high and people begin to realize that bull traders are becoming exhausted. They would sell their BTC simply and take profits.

[panganib999]

Cause there's no reason to. Most of the people who are hesitant to sell are either those who have bought bitcoin during its hey day in 2021 and are just biding their time until the next bull run, or those who have already bought bitcoin in the previous dips and are looking for more pumps to come. either way, it wouldn't be advantageous for them to sell this early since for one, there's no sign of bitcoin every stopping or dropping in value anytime soon, and another, to sell this early will mean taking in the losses and the small wins that they just got from this month's pump cycle.

So yeah, just cause the price is surging doesn't mean they'd sell so early. Crypto's a very tricky thing, and so is timing your buys and sells.

[KennyR]

Bitcoin holders who have experienced the past halving and the market reaching its peak price doesn't tend to sell. We were able to experience these kind of market fluctuation happening mostly during the year end. December is approaching closer, and this will go even high. For everyone who is thinking to sell it isn't the right time. For traders it is good opportunity as we were able to see good fluctuation happening within specific range. For new users this market trend will trigger and some out of fear will sell earlier.

[taufik123]

For me, I think the halving is a major event all BTC enthusiasts are looking forward to. All long term investors must have anticipated this event and are HODLing long term till another bull season where it would be more profitable to liquidate some asset if need be.

The price of BTC right now is quite high and even if whale movements tend to want to affect the market season, it would hold little sway.

The halving will give a positive trend to the Bitcoin market because everyone is quite optimistic about the 4th Halving this time.
Despite some bad news, the price of Bitcoin has recovered and is now above $37k++, and if the trend continues to develop, the end of the year may reach $40k++.

Long-term holders have many opportunities to buy back, we know the current price is half the price of the last ATH.
If it is said that this is still a safe zone to buy, of course this is a good price assuming the ATH target will be reached $100k++.

Whales will not stay him, because they will manipulate to influence market prices to get the cheapest price.
Don't fight the whales, just follow the pace and get on the back of the Whales.

[Baofeng]

I wouldn't say that they are hesitant or what, perhaps majority of us has really mature, specially coming from the pandemic wherein Bitcoin stands out as one of the best assets to hold and be hedge against this kind of events.

So it only make sense for us to really hold and not sell anything and look for the long run. We are less than a year from halving, the catalyst for a bull run. So what's better to do is just to stay strong and focus and prepared for a new all time high in the future.

And there's a lot of time to accumulate, bull run is 2024-2025, so along the way you still make profits.

[Myleschetty]

I think The amount of unused Bitcoin which is now at its highest ever at 70%, shows that people who own it don't want to sell, even when the price goes up.

Bitcoin holders choose not to sell because the current price surge you're talking about is just the tip of the iceberg of the surge in price that the Bitcoin market will experience in the next year's market. Besides, selling now is just like giving away your BTC  to BlackRock and other giant investment organizations that file for BTC spot ETF.

[Darker45]

I can't read other people's minds but if some are thinking like me and many others, why should we be selling at such a cheap price? Why should we be selling at a certain point when you can't possibly be bearish?

Whether it's actually good or bad, the entry of influential giants in global finance is starting to happen, and that means huge additional demand, which further means a rise in the price. Adoption is accelerating. And then there's also the halving of the block reward in April next year. That's deflating the new supply, which drives up the price as demand is growing.

Selling at $37,000 is shortsightedness. That could mean you'll buy back at a much higher price. 

[Asiska02]

I think The amount of unused Bitcoin which is now at its highest ever at 70%, shows that people who own it don't want to sell, even when the price goes up. This Bitcoin hasn't been used for over a year. Since Bitcoin reached its highest value in 2021, people who plan to keep it for a long time have shown they really believe in it, despite problems in the market and with the economy.

This basically has to do with believe and what you’ve learnt from the market over the years. We are still in the early stage where buying is at its peak for the anticipation of upcoming bull run. Rushing to sell now is not ideal and no bitcoin guru that have had understanding of the market and witnessed the previous bull run will rush to sell.

Bitcoin reached a all-time high price of $69K in 2021, many predictions and past events has made it an acceptable fact that bitcoin will surpass its former all-time high after the halving, so why rushing to sell when you’ve not yet maximised the profit of your investment? No one will advise anyone to sell their bitcoin holdings now because of the price forecast we are all aiming at.

If it becomes necessary to sell, it will just be a part of it and not all that will be sold in order not to miss out all on everything. This is just the beginning of the hype, we will experience more demand for bitcoin now until after a bull run has taken place which is being anticipated in 2025 or so.

[gunhell16]

This is not really surprising as bitcoin holders would always want to achieve maximum profits if the market allows them. That is the reason why they invest in bitcoin and hold it for long term, not just to double or triple the profits, but if there are chances to increase the rate of their profits, they would be willing to take the risk and wait patiently until they end up with huge and satisfying amount of profits.  

 I can say that in every bitcoin halving that happens, bitcoin hodlers have also learned their lesson and would want better experiences with the next bitcoin halvings. Now, that the next bitcoin halving is set to happen by next year, then as much as possible they really want to maximize their preparation and hold their bitcoins as long as they want if its the only way they will gain life changing profits when the bull season has finally started.

Whatever is happening right now is because a lot has been learned since the 2017 and 2020 halving events. So, in the event that more people are looking to hold their bitcoins than sell them now,

There are also others who, apart from holding bitcoins for the long term, also trade in other cryptocurrencies to make a profit somehow. And this is also a good result that many of us have learned in the past.

[Publictalk792]

This is not really surprising as bitcoin holders would always want to achieve maximum profits if the market allows them. That is the reason why they invest in bitcoin and hold it for long term, not just to double or triple the profits, but if there are chances to increase the rate of their profits, they would be willing to take the risk and wait patiently until they end up with huge and satisfying amount of profits.  

 I can say that in every bitcoin halving that happens, bitcoin hodlers have also learned their lesson and would want better experiences with the next bitcoin halvings. Now, that the next bitcoin halving is set to happen by next year, then as much as possible they really want to maximize their preparation and hold their bitcoins as long as they want if its the only way they will gain life changing profits when the bull season has finally started.

Exactly this is not a big deal. We all know that Bitcoin investors always believe in Bitcoin. They always try to get a maximum profit from their investment. I am a also a little holder of Bitcoin and I am holding my amount because I believe that Bitcoin will definitely cross $100K or even more. But I have set my mind that I will sell my holding above 100k and I am sure Bitcoin will cross 100k.

Regarding halving so we have seen in the past after halving many predictions are saying that Bitcoin will cross all time high. But still we have some big news coming means I am talking about the approval of Bitcoin spot ETF. And we still have the time to buy and hold.

[philipma1957]

I have a ladder sale set for.

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[lombok]

I have a ladder sale set for.

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I'm curious about your previous Bitcoin buying price, why did you set a selling price which I could say was in the bullrun area up to Bitcoin's previous ATH. Are you not going to hold until BTC can surpass the previous ATH?

Yes, even if we sell at the price you mentioned, if we own or buy BTC when the price is in the range of 15-16K in large quantities, we can still make very large profits.

[Kaliandra]

I think there are definitely people who sell BTC, but I think most people still hold Bitcoin and hold it, because according to history Bitcoin always makes a new ath in every bull run and in 2021 the price of BTC during the bull run touched the price range of $69k so if people those who know the history about btc will definitely hold strong on btc until the next bull run and will sell above $69k.
and I myself am still holding BTC and holding it, especially since in 2024 there will be a BTC halving, so at this time it doesn't make sense for me to sell BTC even when there is a price increase, because the current BTC price I think is still cheap and so do I. I'm sure many people agree with me on this matter. and if it were sold now, I'm sure there would be a lot of fomos when after it was sold,
BTC rises even higher.

But holding BTC is also of course risky, because price movements are difficult to predict and of course every BTC investor has their own analysis. So in this case it depends on each investor, whether they want big profits or small profits, of course if they want big profits then the risk is greater, but if they want small profits the risk is also very small.

[bayu7adi]

It's true that many people sell Bitcoin during a bull run, which typically happens after the halving every four years cycles ... like in 2013, 2017, and 2021. If this cycle continues, a lot of folks should be holding onto their Bitcoin until 2025. There's still over a year left to confirm whether this cycle is still in play or if it's done for.

Looking at the current charts, it seems like people have been waiting for a significant moment for about a year or even more. The confidence among Bitcoin holders appears to be high, so this could be a benchmark for us to stick with the flow and keep HODLing for another two years.

[pinggoki]

I have a very generic response to this as why would they sell? They are long term investors and hodlers they have fixed set of Target in their mind and no way they are gonna sell it before achieving that and it's not these 20% or 50% target which we set for long term rather a calculated one based on growth. We have seen people towards their pension scheme or stocks for decades to retire with ample amount of money and same logic applies here as well. Suppose a person bought 5 Bitcoin before 2015 at the price of $1k each and he sold one at 2017 bull run around ,$22k and another when bitcoin hit $69k in the recent bull run. They are financially good and looking for certain pumps and profits which they have incurred in the past.

It doesn't make sense that they're going to sell at this price don't you think even if they've set a price that they will, they would probably be thinking twice of selling now because the price will only be going up, that is unless they're expecting a black swan event and they want to get in there so they can get more bitcoin value before the price finally does it's bull run thing and reward the hodlers. Unless they spent those money that they've got from their bitcoin profit, I don't see them being well off from those money because they're probably have other expenses too and depending on what country they're from that profit might not last a long time.

[justdimin]

We don't know if most people who own Bitcoin will not sell Bitcoin and still hold it for a long time. But that's different from people who want to make huge profits from Bitcoin. They will sell most of their Bitcoins and keep the rest. They will buy Bitcoin again when there is a big correction after the price reaches its peak price.

If you, for example, have had less than 10 BTC for a long time and held it until the price reached $60k, maybe you would sell 5BTC to convert it into fiat. You can have big profits while you still have BTC left. Meanwhile, you can buy Bitcoin again when the price drops drastically, as we have seen.

Currently, people are waiting for a new ATH of Bitcoin and it is above $60k so they can sell it and get the profits. And they also do the same thing in altcoins that can rise high. They will also buy Bitcoin again if the price drops drastically because that can increase the amount of Bitcoin more than before because they have already made a big profit. Each person will have a plan to sell their Bitcoin or still hold Bitcoin.

I feel like it's a personal thing that changes from person to person, but at the same time I believe that we need to look at what the market does overall as well. Like if a person who has 10 btc ends up selling 5 of them at 60k, that's fine and that's personal, but if the price still keeps going high, that means most of the people do what he did. This is why I believe that we should consider the situation a bit more market oriented for our own calculations and not what one person would do.

This means that I believe price is going up, and people are seeing it going up, and that is why I believe that it looks like we are going to end up with something that will do a lot better, it will definitely get a lot better on the long run. I hope that we could see the situation grow a lot better and bigger, so that will definitely turn into something that may end up getting to a crazier level, and should end up with a "why would I sell when it's going up more and more" type of deal.

[blckhawk]

Maybe because this price surge is just half of the last ATH so they really can not care enough to sell right now when they know that there is a possibility that they can profit more if they just wait just a little bit more then they will get more profit and combining that with the halving that is coming next year, I am sure that those factors are what is making people continue holding on to their bitcoins, it is more likely that people are buying more right now to increase the amount they are currently hoarding. I would not say that these people that you are talking about are hesitant to sell, maybe they just have a target price or that they do not like this price to sell because of the possibility that it will go up even more before going down.

[Ale88]

I think The amount of unused Bitcoin which is now at its highest ever at 70%, shows that people who own it don't want to sell, even when the price goes up.

Bitcoin has yet to reach a new ATH, why would anyone sell right now? You could make a few thousand dollars but at the same time there is the risk to miss the actual bull run, and what are you going to do in that case? Is it worth to take such risk? For me, no, it isn't. If and when bitcoin will make a new ATH then we'll see.