Postive Growth in HODLers (Factual Evidence!)
New findings show healthy growth in the Bitcoin ecosystem - new individual HODLers and decreased speculative coins. We look at Bitcoin Cluster data published by Chainalysis that show summer trading has not resulted in significant dumps from older holders whilst increased individual holders.
Articles:
Chainalysis Publication & Charts: https://blog.chainalysis.com/reports/money-supply-q3
Categorisation method: https://blog.chainalysis.com/reports/money-supply
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I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.
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Coming in to BTC at the beginning of the year was a tough way to learn. But, I have stayed in and just plan to HODL on. I am guessing that many are doing the same. If you only put in what you can loose there is really no reason to drop out now, right?
Same here. Enterend end December, so might as well stay. Did quite well for a while, even during the initial dump, but now at 70% of my initial investment. I don't even check prices anymore. If anything good is going to happen it's likely next year, or even the one after.... Not going anywhere :P
Well said buddy.
Interesting findings as it signals that the weaker hands are starting to get out of the market which slowly will increase the percentage of holders. My only concern is that the transactional part remains flat which means that adoption is not accelerating as fast as we may like it to. This is truly what should lead to demand in bitcoin for it to be deemed healthy.
I just hold my small amount of Bitcoin and others coins. I believe the market will be rise soon. Thanks sir @boxmining for the great analysis.
good stuff
hey Michael
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