Bitcoin Holders Hesitant to Sell Despite Price Surge

[cryptoaddictchie]

Well if you are a big player and holds a lot of bitcoin you pretty much control the price of bitcoin. Imagine some whales that have a lots of bitcoin holdings and they are just relax knowing they can make the market moves based on their action is like an advantage to them. If they hoard pretty sure the price will surge only retailers will be affected by some pump and dump but they know if theres a massive movement going on. Also being a pie holder of chunk of btc you need to sell slowly and by parts not to torment the market by a single drop.

[KiaKia]

Why should they sell? If they bought the bottom they should hold and we are in the bear market right now, it's accumulation phase and investors have gotten smarter than the past years, they know better now.

There is also strong confidence from investors, if ETF wants Bitcoin then its something worth buying and holding, I believe this is how many new Bitcoin investors must have feel.

There is a data that showed how many hardware wallets are been bought since FTX collapse, it's massive in number and that shows that people are finally learning, it's also why Binance issue with the CEO never affected the price of Bitcoin, this is just the beginning, people now seem to understand Bitcoin now than before.

[legendbtc]

There is a data that showed how many hardware wallets are been bought since FTX collapse, it's massive in number and that shows that people are finally learning, it's also why Binance issue with the CEO never affected the price of Bitcoin, this is just the beginning, people now seem to understand Bitcoin now than before.

The problem is that people rushed to buy hardware wallets when FTX collapsed but how many people use it so far? The market is entering a bullish phase and is very exciting, people are constantly trading to find profits, otherwise they would use centralized exchanges. How do they make profits as traders without using exchanges? Some of my friends all bought hardware wallets after FTX collapsed, but they are trading on exchanges, I don't think they are still using hardware wallets.

CZ resigns or is charged with money laundering, what does this have to do with bitcoin? Furthermore, Binance is still operating normally and has never collapsed and robbed people of their money as FTX did. So I don't think this will have any negative impact on bitcoin and the market.

[Bitcoin_people]

Those who are basically savvy investors never plan to sell bitcoins when they see the price rise. We saw that in 2021 when the Bitcoin market reached its peak, many investors held on to Bitcoin without selling it just looking to their future. Accordingly, I think that if the price of Bitcoin continues to increase significantly, many investors will refrain from selling it and instead hold it for higher levels. Even though the market is volatile at times, they do not panic and are not impatient and patiently hold on to the bitcoins. And investors who are currently buying and holding Bitcoin are only holding onto their money in anticipation of a massive bull market ahead. I think when the bitcoin market reaches its peak these investors will hold on to get double profits from it just for ATH in the bitcoin market.

[michellee]

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.

Yes, you are right. That is why in making a decision, a person must be able to see the situation and conditions that are currently occurring. He should not decide just because of his ego or desires. He must analyze first when he should be able to sell his Bitcoin or still hold it. Some people only sell 2 BTC out of the 10 BTC they have because they think that the price of Bitcoin will continue to rise. That's also okay because he definitely had his considerations before deciding.

Bitcoin prices will rise in the future. So people are free to make their choice, whether to sell their Bitcoin in the next bull run or continue to hold Bitcoin for the long term. And that is also what Bitcoin Hodlers who have held their Bitcoins for a long time will do. These people will probably still hold Bitcoin for the long term.

A person will do what they think is best and that is their choice. We also have our own choices. But first, we have to analyze everything before deciding so that we don't make a mistake in making a decision.

[Mauser]

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.

The bitcoin market had a pretty good year so far recovering most of their losses from 2022, but why should be people selling now? It’s no really like the end of the bull run is around the corner. I would say that most HODL investors have been in the market for many years and if they didn’t sell their coins for 40,000 USD at the start of 2022, why should they be selling now? Also, we are still far away from the old ATH and with the halving coming up next year people are very optimistic about the next price jump. Just because many people hold Bitcoin these days, doesn’t mean all of them should be selling their coins as soon as the market moves up 30-40%. It also depends on if any of the investors actually need money at the moment, or if they have another investment opportunity where they could reinvest their profits. Selling your bitcoins without knowing where to put the money seems like a bad idea, because inflation is still high in many countries and will reduce the value of cash over time. Personally, I am not going to sell any of my coins this year and will keep holding them at least until the halving next year.

[GideonGono]

We all have our own reason why we hold or sell our crypto, and for those who choose to hold it maybe they are waiting for much bigger picture.
Halving is just a couple months away so maybe it is their reason why they choose to hold it instead of taking their profit when the price increaased.

[retreat]

That's what you call an investment strategy. Each bitcoin investor has their own investment strategy, some are selling now, some are holding back on selling because they think it is too early for them to sell their Bitcoin. When you think that the price of Bitcoin is currently rising, some people think that this is not a real bull market, especially for long-term investors, they tend to hold onto their Bitcoin for the next few years to get maximum profits.