Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: CryptoGirl on November 17, 2017, 03:57:02 PM
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A survey in November 2017 of 564 Americans who had invested in Bitcoin.
The questions asked in the survey ranged from their reasons for investing in Bitcoin to when they would sell all their Bitcoins.
Sell all your Bitcoin?
The average price at which the survey respondents said that they will sell all their Bitcoins is $196,166 per Bitcoin. This represents 30x the value of Bitcoin prevailing at the time of the survey. It is to be noted that this is the price at which the respondents will sell all their Bitcoins. Almost a third (32.62%) have sold some of their Bitcoins since they started investing. It is tempting to book profits, given how the price of Bitcoin has rallied in the last year.
Most of the respondents plan to hold their Bitcoins at least one year, with only 16.49% planning to sell sooner than that. According to the survey, 21% of Bitcoin investors plan to hold on to their coins for at least seven years, and 11.7% say they will hold the currency for 10 years or longer.
https://cointelegraph.com/news/american-investors-plan-to-hodl-bitcoin-until-price-hits-196000