I think those who have held bitcoin for a long time like a decade or more, Sold when we first hit the psychological milestone of $100k, though not entirely all and there are still those holding on to their stash. The answer to Dorkylick question is based on personal investment goals of individuals cos what might be sell time for Mr A might be a Buy time for Mr B depending on their goals and time of investment. I don’t think there’s any investor that will sell all of their stash It’ll normally be part.
Generally I think now is buy time considering bitcoin jus hit $100K few months ago and we’ve experienced atleast two pullbacks. Bitcoin is just gathering momentum to move up higher so I’ll consider now a buy, plus bitcoin is yet to hit it’s peak so buying now is potentially still early.
What you said is that people who have held Bitcoin for a decade or more have sold at least some of their holdings after the price of Bitcoin crossed $100,000.
Yes, that may be true, but I think most people are still holding onto their Bitcoins and are constantly increasing them -
I have mentioned some Bitcoin addresses that have held onto their Bitcoins for more than 10 years and are still holding onto some Bitcoins.
For example -
1. 12ib7dApVFvg82TXKycWBNpN8kFyiAN1dr
2. 12tkqA9xSoowkzoERHMWNKsTey55YEBqkv
3. 1PeizMg76Cf96nUQrYg8xuoZWLQozU5zGW
There are many more addresses that are constantly storing Bitcoin. I don't know if these are mining wallets, but the wallets are still active.
Actually, I don't think real investors who have full confidence in Bitcoin will sell all their Bitcoins right now.
Yes, they can sell if they need the money very much and have no other money except Bitcoin.
Also, I don't think those who are holding Bitcoin will sell Bitcoin unnecessarily and invest in something else.
Because currently the most profitable and most reliable thing is to invest in Bitcoin.