Half of the circulating bitcoins have not moved in two years

[Fenix]

This is not as good news as many people think. The fact that half of all bitcoins have not moved from their wallets over the past two years indicates that bitcoin is used very little as a means of payment, but mainly as a store of value. That is, bitcoin holders simply expect their price to rise. Bitcoin Satoshei Nakamoto was not created for this. With little use of bitcoin as a means of payment, its value invariably falls. In this case, Bitcoin as a store of value is unreliable. If the expectation of a rise in the price of bitcoin is not met, the price and value of bitcoin will plummet.

[Dora Walletinvestor]

There have been reports that a large supply of bitcoins that range from 10 to 15 percent has already been lost as a result of loss of private keys, passwords and other login details. So i think that final btc supply will be around 18 million which is itself a pumping thing as supply seems further reduced.

is this news true brother, can you provide a link from this news.  If this is true, can it not be recovered anymore?  Losing as much as a 15% supply of Bitcoin is certainly bad news in my opinion, very regrettable.

This is an interesting question. I've seen some operations that claim they are trying to find accounts that are forgotten, find out the password and get the money out but those seem very very sketchy to me. I haven't seen any "official" approach to this issue.

[Joyjoyce0]

Holders are wishers now. There are predictions that BTC will ultimately hit $1m per coin. It is wise to save it up

[tervel]

The data shows that nearly half of the entire circulating Bitcoin supply, hasn’t moved in for at least two years – a number that has increased a little by this year alone, as Bitcoin prices returned to extreme lows that proved to be too attractive for investors.

[Absolute]

This is just a proof that bitcoin is really tested and many are holding. Surely they got them from the cheapest price after the 2018 bull run. Well, if you were in crypto at least two years before the 2018 bull run pretty sure you've grown enough and understand better about the volatility of bitcoin.

[Thymoty]

Holders are wishers now. There are predictions that BTC will ultimately hit $1m per coin. It is wise to save it up

can you give me a source explaining BTC will go up to $ 1 million per coin? because it doesn't make sense to me.

[Blaze]

Holders are wishers now. There are predictions that BTC will ultimately hit $1m per coin. It is wise to save it up

can you give me a source explaining BTC will go up to $ 1 million per coin? because it doesn't make sense to me.

I don't think that would be possible because the price of bitcoin is useless if it is that expensive.

[Dora Walletinvestor]

Holders are wishers now. There are predictions that BTC will ultimately hit $1m per coin. It is wise to save it up

can you give me a source explaining BTC will go up to $ 1 million per coin? because it doesn't make sense to me.

I don't think that would be possible because the price of bitcoin is useless if it is that expensive.

I agree, it doesn't sound realistic to me either

[@chison]

When you do the calculation most of them bought high at 18/19k$ so they will hold and wait it out. Bitcoin is gradually getting back to its All time high so we might see them move it.

[Senin]

Thats good to know mate! It means that those Bitcoin holders are not interested to sell its BTC holdings, and it is beneficial to the Bitcoin price today. by the way, the total circulation of Bitcoin was around 18 million and its total supply was 21 million it means only 3 Million will be mineable for years and what happens if all Bitcoin is already mined.

At the same time, this situation confirms the fact that bitcoin is very rarely used as a means of payment. This is also not very good. Who knows what this might lead to. Most hope that it will continue to rise in value and therefore prefer to keep it. What if bitcoin stops its price growth? Then, at such a high price, for the least reason, panic can begin. It will be fun.

[Cleanerbd]

Bitcoin's price runs a new bull after Bitcoin's halving. But again, Bitcoin can be halving. Bitcoin halving occurs every two years. But Bitcoin halving can happen very soon. However, the price of Bitcoin will go down during Bitcoin Halving, and then there will be an oppurtuinty to buy Bitcoin at a lower price.

[Alcor]

This is just a proof that bitcoin is really tested and many are holding. Surely they got them from the cheapest price after the 2018 bull run. Well, if you were in crypto at least two years before the 2018 bull run pretty sure you've grown enough and understand better about the volatility of bitcoin.

At the same time, this is proof that bitcoin practically does not perform the function of a means of payment. Holders are counting on the constant increase in the price of bitcoin in order to ultimately have significant profits. In general, this is not good for Bitcoin. We live in the material world and nobody has canceled the physical laws of economics yet. Nothing in this world can grow in value uncontrollably. Moreover, Bitcoin is already lagging behind in development from the bulk of cryptocurrencies.
This general euphoria can lead to sad consequences. The risk of investing in bitcoin also increases as its price rises. We still need to keep in mind the diversification of our portfolios.

[Istiak]

Almost half of the bitcoin circulation was not moved during the fall
Bitcoin has had a bear market for almost two and a half years, since reaching its historic top at R $ 70,000.
The data shows that almost half of the entire circulating Bitcoin offering has not moved for at least two years - a number that has increased by another 10% this year alone.

https://twitter.com/cryptounfolded/status/1254725729482240001

That means most of the BTC is now in the hand of long-term holders. This is good for the crypto market because more coin in circulation means more volatility in the markets.

I think a lot of BTC had been lost by early investors. Those will not be in circulation any time. More BTC getting out of circulation more valuable it will be.

[therozaq]

Almost half of the bitcoin circulation was not moved during the fall
Bitcoin has had a bear market for almost two and a half years, since reaching its historic top at R $ 70,000.
The data shows that almost half of the entire circulating Bitcoin offering has not moved for at least two years - a number that has increased by another 10% this year alone.



Source:

https://twitter.com/cryptounfolded/status/1254725729482240001

Well , maybe they are just holder of bitcoin. Have plan to hold fro several years.
Several Investor, of course big investors are holder .
If I have free money, I will buy bitcoin and hold for several years, maybe three of five years again.
It's more profitable

[tonymillions84]

that is the reason why it is been called a store of value. it is an asset just like Gold but it has a finite value. gold is infinite and will always be created. i wondered why Gold has the highest marketcap while other precious metals are tanking. even diamonds has not fair share in the market. Bitcoin is finite. soon the whole bitcoin in the world will be mined and there will be no more bitcoin to mine. that is the reason people are holding back without selling. you are still early if you join now.