HODLing Isn't Dead: $10 Billion of Bitcoin is Held by Long Term Investors

Most bitcoin holders have only kept onto their currency for a short while; they sell it when its value increases and then repurchase it at a reduced cost.

However, there is an additional demographic that keeps their bitcoin for a very long time. We refer to them as hodlers.

Hodlers are those who either wish to profit financially from hanging onto their coins or do so because they have faith in the technology behind them.

They don't sell their coins as soon as the price increases because they think bitcoin has a bright future and don't want to lose money. Additionally, they purchase back those coins from those who want to sell them at a loss when values drop rather than selling them at a loss.

The enormous demand for bitcoin from investors worldwide has resulted in a monthly increase in the value of each bitcoin of $3 to $8 billion, making this approach profitable for hodlers so far in 2018.