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.
Yes of course. The price of bitcoin is around 4250$.Every investor only cash out dollar only they want money in emergency. You will get huge profit only if the price of bitcoin reaches the moon or peak.It very hard to brought a Bitcoin in future. But it's possible to keep the bitcoin coin.
I think it is the total amount of profit that counts.
If you invest one dollar and get six dollars for it one day, you have a profit of 500%.
That would be no reason to cash out for me.
But if I had invested 100K and got 500K profit, things would be different.
This, it is not only about the return on investment it is about absolute numbers as well, someone that invested 1 dollar in bitcoin when bitcoin reached the dollar parity now only has one bitcoin and while that is more than many members of the forum that is not a big amount, but if someone bought when bitcoin was 1000 dollars but he bought 100 BTC then it becomes a lot more difficult to keep holding thanks to the huge profits that you have in absolute terms.