Post
Topic
Board Bitcoin Discussion
Re: The number of hodlers
by
traderethereum
on 13/07/2022, 09:59:04 UTC
The number of hodlers not selling ever under extreme market conditions has become higher than in previous bearish markets.

There is no doubt concerning in this situation and this bear was like a chance for those who engages their selves buying when the market was $67k despite that much increase in the price this is another chance to recover, making most investors buy and hold more for being at minus looking from the price today so there should be more holders insteads sellers. It is only novice who don't want to utilize this best opportunity would also come crying how they missed their chances of buy at +$17k.
If they've bought bitcoins at $67k and have been holding them until now, we should salute them for being able to hold onto them until now.
The current conditions allow them to buy more bitcoins at this low price, especially now that bitcoin is experiencing another correction and is at $19k.
If they buy more bitcoins at the current price, their actual purchase price could drop drastically because if they take their average purchase price, they are not buying at $67k but a low price.
I don't know how long the market conditions will change and we can all take big profits again.