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Author Topic: What's your own take if everyone would have held their Bitcoin and not sell  (Read 3221 times)

Offline Stompix

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If nobody would sell one single satoshi, there would be no price discovery so the price would be the last one offered.

If that happened now, the price would stick to 82k!
If that have happened when Satoshi would have been around the price would still be 5 cents per coin!

Artificial scarcity only works when people need that thing, if all Bitcoiners would simply refuse to sell a single coin, buyers would simply turn to the next one best alternative.




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it grew it's value or ability to be used as store of value have made people think that anyone who sells his Bitcoin is actually doing wrongly.
If one considers bitcoin as currency then it would be stupid not to spend it.

But when someone considers bitcoin to be an asset then it's understandable why they want to hold it because the value appreciates over time.

SO what if everyone decided not to sell, means the price of bitcoin will shoot up or become zero, depending on the demand for it.
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It is not possible that all Bitcoin enthusiasts in possession of bitcoin would hold for a long term without selling. Do not forget that there are some people who depend on day-to-day trading for survival because they take profit and would exchange it for fiat so they could be able to sort things out for themselves. The possibility of your concern happening
is minuit and can never exist. Everybody has their own perspective for which they see bitcoin as so it is on individual differences that one can do whatever they feel like with the bitcoin they possess.
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If nobody would sell one single satoshi, there would be no price discovery so the price would be the last one offered.

If that happened now, the price would stick to 82k!
If that have happened when Satoshi would have been around the price would still be 5 cents per coin!

Artificial scarcity only works when people need that thing, if all Bitcoiners would simply refuse to sell a single coin, buyers would simply turn to the next one best alternative.
That's the most authentic explanation if bitcoiners refuse to sell the flow of demand and supply will break and things will become a lot of different as they are now. The overall structure can change as you indicated.

The artificial scarcity and control on flow of coins can make things more complex and the big whales can manipulate the market by selling or buying that can even make things more complex.
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In fact, there are very few people in this market who have been holding Bitcoin for a long time. And most people go through buying and selling here.
But it is certainly known or we understand that if most people hold Bitcoin then the price of Bitcoin will definitely be higher because the supply will decrease more than the demand for Bitcoin and as a result its price will also increase due to the increase in demand for Bitcoin. But this is not reality, in reality traders will trade it and its price will fluctuate and after every halving cycle Bitcoin will go to a certain high level.

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If everyone did that, Bitcoin would crash to zero, because there will be no price movements if nobody is buying and selling Bitcoins.

HODLing is only beneficial for people if there are others willing to buy and sell the item they have at real-world value, and if they have enough of the item being HODLed that they stand to benefit from a price rise (or get hurt by a price dip).
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Offline doc

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    2500 Posts Sixth year Anniversary Quick Poster
In fact, there are very few people in this market who have been holding Bitcoin for a long time. And most people go through buying and selling here.
But it is certainly known or we understand that if most people hold Bitcoin then the price of Bitcoin will definitely be higher because the supply will decrease more than the demand for Bitcoin and as a result its price will also increase due to the increase in demand for Bitcoin. But this is not reality, in reality traders will trade it and its price will fluctuate and after every halving cycle Bitcoin will go to a certain high level.
I am also part of the people who do not hold bitcoin for a long time, because I only trade it. Taking advantage when the price is high and buying back when the price drops. If I have free capital, maybe I will hold bitcoin for a longer period of time, but because I need consistent profits in every cycle, I choose to trade with bitcoin.

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Offline jeraldskie11

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In fact, there are very few people in this market who have been holding Bitcoin for a long time. And most people go through buying and selling here.
But it is certainly known or we understand that if most people hold Bitcoin then the price of Bitcoin will definitely be higher because the supply will decrease more than the demand for Bitcoin and as a result its price will also increase due to the increase in demand for Bitcoin. But this is not reality, in reality traders will trade it and its price will fluctuate and after every halving cycle Bitcoin will go to a certain high level.
I am also part of the people who do not hold bitcoin for a long time, because I only trade it. Taking advantage when the price is high and buying back when the price drops. If I have free capital, maybe I will hold bitcoin for a longer period of time, but because I need consistent profits in every cycle, I choose to trade with bitcoin.
If you are trading Bitcoin but for a long term maybe I can say that you are an investing Bitcoin. When you invest usually you are going to hold it for a while or for a long time. If you are a trader and can manage to use leverage but still can make profit, then it's okay if you're not holding Bitcoin. If you can make money with leverage trading weekly then you don't need to do any stuff to make more money because it's enough for you to sustain your daily needs as long as your capital is big enough. Holding is best to those who can't trade since it's riskier than holding assets.

Offline Asiska02

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So just for curiosity sake,

I really want to know what would have been the outcome if actually everyone stopped selling their Bitcoin and instead held on to it and the reason is because it's so tiring whenever you hear people complain about how someone have maybe made mistake by actually using or selling their Bitcoin but and am always suprised at this because Bitcoin itself is a currency that it's initial purpose was to be centered on decentralization and financial fairness but as it grew it's value or ability to be used as store of value have made people think that anyone who sells his Bitcoin is actually doing wrongly.

Bitcoin has now become a profitable investment, so the main question now is whether people are willing to buy it at the price it has rose to. When you initial have an investment in an asset, I’m sure you’re already projecting a price to which you would want to sell it for, so you’ll definitely be waiting for that price to be reached before wanting to sell it.

The volatility nature of bitcoin makes it not a big deal for most people to sell and buy later in order to hold for sometime and sell again, as long as they will get profit for it once again. Holding bitcoin and not selling it is something I don’t think will happen, so imagining it is not something I really can say how it may have turn out to be, until maybe it actually occurs, one can tell what may unravel from such incident.

Offline Crypto Library

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I am also part of the people who do not hold bitcoin for a long time, because I only trade it. Taking advantage when the price is high and buying back when the price drops. If I have free capital, maybe I will hold bitcoin for a longer period of time, but because I need consistent profits in every cycle, I choose to trade with bitcoin.
In my case, the matter is different because I don't really have much knowledge about technical analysis or fundamental analysis and that's why I trade very little.

Because with this knowledge of mine, every time I have gone to trade, I have faced losses most of the time, although they were in the case of altcoins. However, in Bitcoin, I think holding is better than trading with this knowledge. And besides, I am trying to make Bitcoin regular by following DCA for long-term.

Offline Flydove

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My take is, the price of Bitcoin is largely driven by supply and demand. If everyone decides to hold onto their Bitcoin and no one is willing to sell, the available supply in the market would drop significantly. If there are no sellers, the market would essentially come to a halt.  So, while it's theoretically possible for everyone to hold onto their Bitcoin without selling, in reality, it would be extremely hard to achieve.




Offline Amug123

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From my own view I think it would bring about price stability,  with reduced supply on the market,  the price of Bitcoin might be stabilize reducing volatility and the perceived scarcity of Bitcoin could increase potentially, driving up demand and in turn , the price. But with fewer seller the market might experience reduced liquidity,  making it harder for new investors to enter the market.

Offline |MINER|

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In fact, this is never possible because people buy and sell Bitcoin, which is why its price is at this level now. If everyone held it, or we know that the first exchange started by buying Bitcoin pizza, I don't think Bitcoin would have any real value.
So I think it's not possible at all, and even if it were possible, if everyone held Bitcoin, Bitcoin would have no value.

Offline rby

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Quote
Bitcoin has now become a profitable investment
There was never a time that bitcoin was not a profitable investment. It is even correct to say that bitcoin is becoming less profitable compared to the kind of profits that the early adopters made. I can assume that early adopters were not hodling as much as today. I assumed this because early adopters never understood the potentials of bitcoin including Satoshi himself. We understand the potentials of bitcoin more than the early adopters, that is why we hold more. The balancing factor is that many people are more willing to buy now that then, this balance in demand and supply keeps bitcoin going. I do not think that there will ever be a situation where everyone only hodl and dont sell
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Offline dave_strider

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In fact, this is never possible because people buy and sell Bitcoin, which is why its price is at this level now. If everyone held it, or we know that the first exchange started by buying Bitcoin pizza, I don't think Bitcoin would have any real value.
So I think it's not possible at all, and even if it were possible, if everyone held Bitcoin, Bitcoin would have no value.

Bitcoin is created to be sold and bought - so I agree, fully.

 

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