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[AudraMiller]

with the fluctuation in Bitcoin price recently it is safe to say that there was a major sell off of bitcoin, either caused by raking in profits or as a result of panic. However based on the research that has been done by analysts, it seems that the cryptocurrency that is being sold in terms of bitcoin are those that are new in the circulation. In fact all of the older bitcoin that was held for long periods of time is not being sold, and therefore shows that these holders still see a lot of potential for even more growth in the coin. Do you think that this is the case or are these holders just waiting for the right time to sell and cause another bear market?

 

[Rollerkid]

The decline of bitcoin mostly is caused by FUD news. Also most at times pro traders also take off profit from their trades and it sometimes also causes market decline..

 

[GoldenLady]

I believe most are waiting for the right time to sell. The last crash caught most people unawares and some have lost money. Also the market doesn't really crash till people are not expecting it to dnd right now, people are still not greedy.

 

[LutherKing]

Well Yes We Can't Say Its A Good Profit Level Now Wait for Till It Reaches 50k from there it will start moving vastly up to be honest in my opinion

 

[microunit]

Probably some of these Holders or old wallets with bitcoin are already probably lost wallets or are wallets that have lost its secret phrase or not accessible anymore

 

[Wisdom01]

The holders are probably holding for long and might not even have more intention to sell of immediately ,so that they would be make more gains from market huge flunctuation

 

[microunit]

Holders must also probably waiting for bitcoin to cross the 100k$ mark as that is what majority of the population now is waiting for as that is another huge milestone for bitcoin

 

[Brain]

Probably some of these Holders or old wallets with bitcoin are already probably lost wallets or are wallets that have lost its secret phrase or not accessible anymore

This is same thought that came to my mind. I know I have lose coins like this twice. I couldn't access my account and I had to leave it. Doy this might just be the explanation to it.