Quote from: taufik123 on November 22, 2023, 08:00:13 AM

Quote from: sheenshane on November 21, 2023, 11:30:34 PM

Op might wonder why there are too many untouched Bitcoins on different old addresses, it's given an earlier post answer, it could be the real owner can't access it or is stuck there because they are dead. I don't think there's a real long-term holder now, it might be a few of them, but the majority will sell Bitcoin in a short period of time when they see a small profit.
-snip-

It's like a kind of Bitcoin graveyard on an address that can't be accessed anymore.
The Bitcoin is motionless and cannot be opened by anyone.
The initial holder must have sold his holdings and if any of them are able to withstand until now, of course he is very great and not tempted by the millions of dollars he can make.

Like Davinci Jeremie, a software developer from Chile who was an early Bitcoin holder who bought Bitcoin in 2011-2013 and still cost $1 at that time.
He can make $10m in just 10 years holding Bitcoin.
But some people also can't hold back too long and sell it at a very cheap price.

Hodling bitcoin for 5 to 10 years is not easy as it is. Those who have succeeded hodling this long might have very deep faith on bitcoin, and luckily their fiat funds are stable and sufficient enough that they won't even think and get tempted to sell even a portion of bitcoin. While others have still faith on bitcoin but due to emergency events that rise all of sudden, no matter how much they want to prolong hodling, they have no choice but to forcely sell their coins early.

Bitcoin gets even more valuable and highly expensive every year. That's why some have chose to hold for their future retirement, while some bitcoin have no trace of transactions probably because the owner has forgotten it or has definitely lost his seed phrase while its still worthless at the time he first purchased it.