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[Balint098]

As per Bitcoin.com, only about 3.5 million bitcoins were traded worldwide, that amounts for about 19% of total bitcoins that currently circulate the earth. The majority of bitcoin owners are holding their bitcoin for long term investment, and treat it as a "digital gold". Additionally, according to the report published by crypto analytic company Chainalysis, about 20% of total bitcoin supply were held in their respective wallets for five years or even more.

 

[Amalive]

That's not surprising if only 3.5 million bitcoins were traded worldwide since bitcoin prices are growing from years to years and everyone wants to buy and hold for mid/long term investment.

 

[Balint098]

That's kinda surprising to me since I thought the hype for bitcoin has waned a little bit since its monumental crash back in 2018. Glad to see that many people are still hoping for bitcoin rise to the moon.

 

[adventurer]

wow this news is really suprising, I guess they have other investments to do if they hold their bitcoin for more than 5 years in a wallet, it appears that there is so much investors in bitcoin

 

[Niftyicon]

Holding the coin for 5 years in a wallet is a long term investment and to think a large percentage of bitcoin is being held that way. The next rise in bitcoin may be the biggest one ever at this rate.

 

[Bookwormlux]

It's amazing how people hold their bitcoins for as long as five years. That's a bit too long a time to wait. They are sure going to make big with the recent surge in the rise of Bitcoin. I would also hold on to my too. Not trading it soon.

 

[SCAMEXPOSER]

This obviously shows that most of the bitcoin holders uses thier idle funds to invest to enable them make bigger profit in a long time and the amount traded is small in my opinion and this is why the whales are the major determinant for Bitcoin price due to their massive sales at intervals.

 

[Reznov]

it's not small amount, it's actually huge, but since the whales and big investors own very huge amounts, those small individuals represent a very small amount compared to the others

 

[SCAMEXPOSER]

it's not small amount, it's actually huge, but since the whales and big investors own very huge amounts, those small individuals represent a very small amount compared to the others

The whales mostly don't trade they buy and hold it, most traders don't have more than or up 1000 bitcoins in their possession for trading.

 

[Josemendez]

Yeah, I think I agree with this post. Most bitcoin investors especially the whales hold more and release on gee occasions. They all want to be maximizing their profit all the time .

 

[SCAMEXPOSER]

Defi tokens are trending more now than bitcoin, I am beginning to have the fear that soonest some coins might outshine bitcoin both in value and in popularity.

 

[Brain]

Without being told I knew this is how things ar run when it comes to bitcoin. Some are hoarded for future use while just a little is used for present investment.

 

[SCAMEXPOSER]

I realised that If one has enough money to trading bitcoin is much more better that holding it because you can easily mop up profit in a very short time.

 

[Yugocean]

If holding is the only thing, then people can hold POS tokens which can bring them interest. BTC is POW coin, there is no benefit in holding them. However now some wallets are offering interest on BTC to attract BTC owners.

 

[Brain]

I realised that If one has enough money to trading bitcoin is much more better that holding it because you can easily mop up profit in a very short time.

Your idea isn't a bad one but people that aren't really knowledge about how the trading works might not want to venture into it. They will prefer holding and sell when the price is high

 

[Yugocean]

Your idea isn't a bad one but people that aren't really knowledge about how the trading works might not want to venture into it. They will prefer holding and sell when the price is high

If people only hold a currency and do not get involved in trading, then currency value will decrease because other currencies will gain in trading and people leave the one which is out of trade, this happened with LTC and Dash in past.

 

[Brain]

If people only hold a currency and do not get involved in trading, then currency value will decrease because other currencies will gain in trading and people leave the one which is out of trade, this happened with LTC and Dash in past.

Oh really I think this is what others need to be educated about. I didn't know about this if this is the case then we need to start trading more then than holding

 

[Yugocean]

Oh really I think this is what others need to be educated about. I didn't know about this if this is the case then we need to start trading more then than holding

This happened, LTC was charging too much transection fees and Dash pay Interest for storing 1k dash minimum, all this made people to not to do much trading with them and their value dropped when their volume dropped in market. Compare the 2018 value - LTC was 400$ and BTC was 6k, now LTC is 100 and BTC is 24k.

 

[SCAMEXPOSER]

Your idea isn't a bad one but people that aren't really knowledge about how the trading works might not want to venture into it. They will prefer holding and sell when the price is high

That's true but take for instance most of the coins I am holding now are currently down including bitcoin but TWT is up to by 35% which has cover for all the drop in other coins.

 

[Sudipta]

Yeah bitcoin is really better for investment rather than using it for transactions like buying something or send someone as the transaction fees are too high . Currently it's about 10$ I heard but not sure . So there is no reason we should waste our money for transactions.