old coins basically arent moving anymore, is this the tell everyone keeps missin

[joniboini]

Maybe the large holders have learnt that moving their coins create volatile situations in the market and makes them a target to hackers and scams and government policies meant to target holders mostly those in power of a political or even non political office.

If by large holders you mean institution like Strategy, I find it hard to believe they sell directly on the retail market without going through OTC or something similar. As for hackers, they will be targeted to hackers or scammers regardless of how much coins they move. I'm sure anyone holding a lot of sats will get spammed with phishing emails and other stuffs. Even for me, phishing emails get spammed twice a day or so.

[Agbamoni]

I would like to remind you that microstrategy sold off some of their Bitcoin holdings and the market reacted in a way but then they began accumulation again after the price dropped. Maybe the large holders have learnt that moving their coins create volatile situations in the market and makes them a target to hackers and scams and government policies meant to target holders mostly those in power of a political or even non political office.
It's a wise decision to hold and forget about it because the supply of Bitcoin right now is getting smaller and the next halving is drawing closer, so why make some noise when an all time high or your duration for holding to reap returns hasn't yet arrived? Maybe that's the question they ask themselves.

Microstrategy is an institution with large capital. Any action taken by MSTR is for a good reason. When Microstrategy sold off some Bitcoin at that time, the market reacted because traders took advantage of the market situation. Little did they know that Microstrategy would buy back some coins after a few days.

Honestly, holders not moving their coins has nothing to do with hackers and scammers tracing their addresses. Even dormant accounts are monitored and can be vulnerable to scam attempts.

[Orpichukwu]

Maybe many of this old time bitcoin holders don't even have an idea of what bitcoin might turn to be by now, but rather took those drastic steps and decisions of holding bitcoin to this day, with the expectation of something good might come up, and now that all this has been realized, I don't think some of them that have been holding ever since then can still afford to sell by now, when did no that the longer the better for them to continue holding.

Let’s assume what you said is the case for most of these old holders; they might have realised the importance of holding, and the value of Bitcoin is already on the high side compared to when they acquired it, but they are still holding. That can only mean that they have built a mindset of holding and have already set a target. Some have seen $126k and now $62k; until Bitcoin gets to the value they want or reaches a certain year, they won’t be making a move of selling. Moving the coin to another wallet might happen for security, but some of them will never want to sell.

[mirakal]

Not really trying to push a narrative herr, just think, it's interesting that the old hands accumulating during weakness thing is happening at record levels while price action still looks kind of ugly. Is anyone else digging into the on-chain side rn, or is everyone just watching the price and ignoring this stuff

Of course, not all ignore the on-chain side, the large number of holders could be because investors are holding on to save it and on the other hand, there may be many inactive wallets that store a small portion of bitcoin in them so it looks like there are many holders, in the bullish phase last year, there must have been many micro investors who bought bitcoin but because they had already lost, many kept it, and most people have also thought about the halving event or the 4-year trend which is always profitable, maybe that is the main reason investors hold on to save their bitcoin.

And most likely, people have already learned their lesson and just ignore some price correction. Bitcoin price may be unpredictable, but it can always surprise us with its new all time high when we least expect it, that's why instead of selling, people resort into buying more and hodling more bitcoin.

After all, we don't invest for the sake of short-term profitability but majority are here for long term investment. So regardless of the current market condition and bitcoin price going in dips, selling will never be the best option. Just buy and hold consistently, bitcoin will often reward those who have biggest and deepest conviction to hold bitcoin steadily.

[stadus]

Maybe some old coins have already lost their real value, and that people have to get rid of them so they can accumulate new coins. But bitcoin is an exception, because the longer you accumulate and hold bitcoin, the bigger your future profits will be, regardless of the current bitcoin price.

And let's be honest, people are not new to seeing bitcoin's price fluctuations. Bitcoin will always have an unpredictable, yet and exciting price, not just because of its high volatility, but because its now easily affected with the global news and events. However in the end, bitcoin still follow its own pattern that could lead to its all-time-high price. And those who keep missing buying bitcoin, they will end up with regrets while seeing others making massive profits in bitcoin. But when it will be happening, the answer is still uncertain.

[lombok]

Maybe some old coins have already lost their real value, and that people have to get rid of them so they can accumulate new coins. But bitcoin is an exception, because the longer you accumulate and hold bitcoin, the bigger your future profits will be, regardless of the current bitcoin price.

And let's be honest, people are not new to seeing bitcoin's price fluctuations. Bitcoin will always have an unpredictable, yet and exciting price, not just because of its high volatility, but because its now easily affected with the global news and events. However in the end, bitcoin still follow its own pattern that could lead to its all-time-high price. And those who keep missing buying bitcoin, they will end up with regrets while seeing others making massive profits in bitcoin. But when it will be happening, the answer is still uncertain.

The high volatility in digital asset market may seriously challenge the psychological strength of each investor. This has been a winning formula of adjusting your portfolio to dispose of obsolete coins and concentrate on the major assets with a history of performance. Although it cannot be predicted in the future that the next peak is going to be high, investing steadily in these assets is likely to give very lucrative returns.

[TastyChillySauce00]

Might be the effect of ETF with its billions daily trading volume, this volume represents how many bitcoin that should've moved on chain stuck on the institutional custody. Back in the days people buy BTC from exchange, send it to their hardware wallet because not your key not your coins, held it for maybe several months and move it again to exchange to take profit, with the ETF that doesn't seem to be happening anymore.

Besides that, latest bull cycle was heavily driven by institutional capital, institutional capital and whales are already well positioned, holding tight their BTC in their own wallet making it dormant and wait for another bullrun. It is also possible that the lost bitcoin could make up huge chunk of those old coins that aren't moving anymore which actually higher than people expected.

[tread93]

A couple of ways to read this, imo.

could be genuine conviction, people who bought years ago just don't care about a 50% pullback and aren't selling regardless of price action.

could also just mean supply is getting more illiquid over time as more coins get held by long-term whales and institutions, which isn't really a bullish signal on its own, just a structural shift in how much BTC is actually available to trade

Bitcoin is different now compared to its early years. Even after a big drop, people are not panicking the same way anymore, especially since institutional investors are still holding.

Many are probably looking at the current price as a good chance to slowly buy and prepare for the next halving. Based on the previous cycles, Bitcoin usually becomes stronger around that period.

So instead of leaving the market, some are already building their position early and waiting for another possible all-time high.

Well I have to say that it seems like these messages ive read seem like some of the most hopeful and bullish messages ive read in quite a while on here. Power in numbers. This mindset and HODLing is a good sign that we are in a new season of prosperity in this current bearish market. We are indeed about to make a major turn here and see some increasing prices of bitcoin. I am looking forward to it 😀