What percent of people do you think are able to resist selling their BTC when confronted with huge profits they've obtained. Say 500% or more even?
In past this percentage was too low as many people sell their bitcoin savings as soon as the price goes high, but with the passage of time people began to realize that holding is more beneficial than to sell. To be honest no one knows the exact percentage of the people who can resist selling their BTC on huge profit but i am sure that the percentage is increased a lot (may be about 500% but not sure) during the past couple of years.
It's been proven as time passed by, is value can really increase. For those who are really into saving then we can really resist cashing out. But if were into spending when it's value increases we are tempted to spend it.
Yeah. It very much depends on the nature of the investor. If he is kind of person who wastes money a lot then he can of course not resist cashing out bitcoins when they show some good pumps but wise man is never ever going to withdraw maximum bitcoins on little pumps. He is going to wait until bitcoins touch his target.