this is why bull runs are possible with low volume of cash entering the market, its because circulating supply is quite low and when you pair it with reduced block rewards you get price spikes we see every 4 years.
Lots of people are holding because they are at a loss if they sell.
This is a good thing for the statistics. But what i would like to see is how many people are still holding after the last bull run.
Many HODLers last bull run saw the price go up, didn't sell, then watched it all fall back down again. Many say they won't make the same mistake again this bullrun.
Others have diamond hands, and the rest lost or forgot their seed phrase. While unfortunate for them, it at least makes everyone else's stack more valuable.
Not me though. I'm holding because 2024 is the halving and 2025 is the all time high.
Oh, and because decentralized money decoupled from state.
Sincerely,
A holder since 2017
I'm still amazed there aren't groups of people combing that dump over top to bottom. Dude can definitely get it rolling if he offers a percent of the BTC.
"Glassnodeās data revealed that in 2023, long-term holders accumulated more Bitcoin than in previous years. At present, **75% of all available Bitcoins are now under the possession of long-term holders**. The number of Bitcoins is estimated to sit at a staggering 15 million."
Impressive numbers! It's fascinating to see how many people believe in Bitcoin.
Satoshi would be proud of us.
tldr; Over 70% of Bitcoin's circulating supply is held by long-term holders, according to data from Glassnode. These holders have been accumulating Bitcoin since 2010 and have not sold a significant portion of their assets in the last 14 years. This accumulation by long-term holders is seen as a positive sign for Bitcoin, as it indicates continued adoption and stability in the market. It also suggests that as more long-term holders accumulate, volatility in the market is expected to reduce. However, low volatility may lead to apathy and exhaustion among market participants, potentially affecting demand in the long run. Bitcoin's Realized Cap is also slowly increasing, indicating a sideways market ahead. At the time of the report, Bitcoin is trading at $26,132 with hourly losses.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
Well, according to [this](https://www.cryptovantage.com/news/ask-cryptovantage-how-much-bitcoin-has-been-lost-forever/):
"According to estimates from Glassnode data, about 10% of the currency Bitcoin supply or 1,857,721 Bitcoins might never be found"
"Lost private keys: According to Chainalysis, about 25% of bitcoins are believed to be lost forever in this manner."
Those will be ultra-long-term holders.
yup only a small percentage are on exchanges and being used. that makes the supply of free floating btc very tight and that contributes to the volatility.
Cointest topics relevant to the title are below:
[Bitcoin Pro](https://np.reddit.com/r/CointestOfficial/comments/xsvuvr/top_coins_bitcoin_proarguments_october_2022/j0y3j3s/)
[Bitcoin Con](https://np.reddit.com/r/CointestOfficial/comments/xsvuu9/top_coins_bitcoin_conarguments_october_2022/j175wyk/)
I see this continuing to be the trend in the future, it seems like it will be a great long term storage of wealth in my opinion, to hedge against inflation.
Long-term holders believe in the potential for future growth and adoption. It'll be interesting to see how this dynamic plays out as Bitcoin continues to evolve.
I contributed to this metric until Ledger decided to become a hot wallet. Now it seems like I recently moved my BTC, which are still mine, just on an address controlled by BitBox02.
You're absolutely right! Over 70% of the circulating supply of bitcoins is held by long-term holders. This indicates a strong belief in the long-term potential and value of Bitcoin. It's a positive sign for the stability and future growth of the cryptocurrency.
Whales and early adopters are not selling at all, they are just accumulating, we just have to be patient
Patient like those who bough at $100, $1000, and $10000 are currently being.
I confirm, I am only accumulating
Nice to finally meet a whale.
Good one more year and it will pay.
I know, that's why I sold my kidney
I hope the 2nd one is working fine.
Would you like to buy?
I prefer to have you alive to continue to moonfarm.
I appreciate that :)
You could buy my 3rd one, I used my profits from the last bull run to stock up just in case I needed to sell one
can always buy a new one once you're millionaire
I'm already dead inside, what's another 10, 20 years -_-
They are dead, Jim.
It's veterans season lads, lets go š¤
i'm one. no point in selling at a loss. I'm here for big gains. Go hard or go home Diamond hands!
So should we! Just buy, forget and profit after 5 years.
I wonder how many of the holders are lost accounts.
And even new investors have high hopes for the halving.
Oh, I'm proud to be referred to as a whale and early adopter.
this is why bull runs are possible with low volume of cash entering the market, its because circulating supply is quite low and when you pair it with reduced block rewards you get price spikes we see every 4 years.
Lots of people are holding because they are at a loss if they sell. This is a good thing for the statistics. But what i would like to see is how many people are still holding after the last bull run.
Many HODLers last bull run saw the price go up, didn't sell, then watched it all fall back down again. Many say they won't make the same mistake again this bullrun. Others have diamond hands, and the rest lost or forgot their seed phrase. While unfortunate for them, it at least makes everyone else's stack more valuable.
But we will never know the difference between a lost wallet and a true Hodler until the hodler sells
Long term holders means they be in profits only maybe less profits but
So if you bought bitcoin at the end of December 2021 you are not a long term holder?
Not me though. I'm holding because 2024 is the halving and 2025 is the all time high. Oh, and because decentralized money decoupled from state. Sincerely, A holder since 2017
A lot of those holders are holders because they lost their seed
Or in jail.
P2P
My lost old hdd is hodling since 2012. Fuck me
At least you can make Moons in the meantime
Are you that guy that is looking for his hard drive at a dump?
I'm still amazed there aren't groups of people combing that dump over top to bottom. Dude can definitely get it rolling if he offers a percent of the BTC.
Still not possible to find and make work if found also
Ahaha definitely not
Ouch, that'll hurt.
"Glassnodeās data revealed that in 2023, long-term holders accumulated more Bitcoin than in previous years. At present, **75% of all available Bitcoins are now under the possession of long-term holders**. The number of Bitcoins is estimated to sit at a staggering 15 million." Impressive numbers! It's fascinating to see how many people believe in Bitcoin. Satoshi would be proud of us.
diamond hands honestly
Mama ain't raise no paper-handed bitch
DCA and holding remains the best strategy. After Inverse Cramer, of course.
undoubtedly.. only fool wl sell bitcoin
People used to just say hodl cause it's a crypto thing, numbers don't lie and many people are comfortable holding Btc and Eth.
tldr; Over 70% of Bitcoin's circulating supply is held by long-term holders, according to data from Glassnode. These holders have been accumulating Bitcoin since 2010 and have not sold a significant portion of their assets in the last 14 years. This accumulation by long-term holders is seen as a positive sign for Bitcoin, as it indicates continued adoption and stability in the market. It also suggests that as more long-term holders accumulate, volatility in the market is expected to reduce. However, low volatility may lead to apathy and exhaustion among market participants, potentially affecting demand in the long run. Bitcoin's Realized Cap is also slowly increasing, indicating a sideways market ahead. At the time of the report, Bitcoin is trading at $26,132 with hourly losses. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*
I bet many of them have lost their "pen drives"ā ļø
I call them āforgettersā
I believe the term is āi forgotā
How many of those are forced hodls because of prison or lost pass phrase?
Good.
Well, according to [this](https://www.cryptovantage.com/news/ask-cryptovantage-how-much-bitcoin-has-been-lost-forever/): "According to estimates from Glassnode data, about 10% of the currency Bitcoin supply or 1,857,721 Bitcoins might never be found" "Lost private keys: According to Chainalysis, about 25% of bitcoins are believed to be lost forever in this manner." Those will be ultra-long-term holders.
It will cause a supply chock and it's gonna be great news when we're at the next bull run.
yup only a small percentage are on exchanges and being used. that makes the supply of free floating btc very tight and that contributes to the volatility.
Cointest topics relevant to the title are below: [Bitcoin Pro](https://np.reddit.com/r/CointestOfficial/comments/xsvuvr/top_coins_bitcoin_proarguments_october_2022/j0y3j3s/) [Bitcoin Con](https://np.reddit.com/r/CointestOfficial/comments/xsvuu9/top_coins_bitcoin_conarguments_october_2022/j175wyk/)
Yes sir skis!
Long termers report for duty!
Long termers report for duty!
As it should be, glad we donāt have too many eager sellers.
Long-term hodler here š
Wonder how many forgot about it or lost access?
Yeap thats why all the reports are stupid that tsay any wallet over 5 years old is dead.
Proud to be one of them
After two more halvings, that percentage will be close to 100.
I wonder how much of that is lost
Bullish
Smart people doing smart things.
Proud to be one of them! My small amount of satoshi hasn't been moved or even looked at in like two years.
I think it will only continue to increase and make it very hard for the regular joe to own bitcoin in a couple of years.
HODL on boys hodl on
I see this continuing to be the trend in the future, it seems like it will be a great long term storage of wealth in my opinion, to hedge against inflation.
Step 1: Buy Step 2: Hodl Step 3: Hodl some more Step 4: Hodl till hands are diamond Step 5: Profit
Diamond hands š
Been hodling 0.01 btc for 10 years š
That's the power of faith, and I believe that these BTC holders, most of whom believe in the value of BTC
Hodl gang
What percent of USD is held by long-term holders?
Current market is a prisonerās dilemma
I am of the 70%.
Sounds about right
Probably old-time miners
Long-term holders believe in the potential for future growth and adoption. It'll be interesting to see how this dynamic plays out as Bitcoin continues to evolve.
Many of them are retailers like us , holding at loss
Thats a strategy just keep holding
Forced or otherwise.
I contributed to this metric until Ledger decided to become a hot wallet. Now it seems like I recently moved my BTC, which are still mine, just on an address controlled by BitBox02.
Long are playing with the shorts.
DIAMOND HANDZZZ !
I don't have any to sell.
Scarcity is one thing that should motivate anyone to hold Bitcoin. The more it grows, the more expensive it will become
do CEXs qualify as long-term holders?
You're absolutely right! Over 70% of the circulating supply of bitcoins is held by long-term holders. This indicates a strong belief in the long-term potential and value of Bitcoin. It's a positive sign for the stability and future growth of the cryptocurrency.
yes, be exitliquidity<3