- More than half of the coins have not moved anywhere
- Bitcoin hodlers are building up their coin supply
Bitcoin hodlers didn’t move 63% coins during a year
Bitcoin hodlers continue to accumulate crypto coins
Users believe that bitcoins do not move because they are lost access to wallets
International consortium news organizations, developing transparency standards.
More than half of the coins have not moved anywhere
About 63% of bitcoins have not moved from wallets during the year. This information was shared by an analyst of cryptoassets at ARK Invest Yasin Elmanjra on his page in Twitter, responding to a post by Ryan Selkins, founder of MessariCrypto. In particular, Selking wrote that the majority readers him account has a certain amount of bitcoins in case, if dollar will collapse.
However, users questioned the credibility of Elmanjdr’s statement, believing that the statistics were incorrect. So the user under the nickname @ Jaames_Martin001 wrote that the coins could not move, not because people keep bitcoin in case of a fall dollar, but because access to wallets is lost, and the user accounts themselves are “dead”.
Users also asked Elmanzhdr, who then sells Square and Microstrategy bitcoins, which buy thousands of crypto coins..
Despite objections, most of the users admitted that they also store bitcoins, expecting an increase in the price of cryptocurrency in the next five years..
Bitcoin hodlers are building up their coin supply
Although Bitcoin remains a rather risky investment, themes however, hodlers continue to accumulate coins in their wallets. To the beginning 2020 of the year more 11 million bitcoins were stored in users’ wallets and did not move anywhere during the last 12 months. TO moment the onset of the coronavirus crisis quantity coins that did not move anywhere increased to 12.6 million.
According to data collected by BitInfoCharts.com, at present time 12.58 million bitcoins doze peacefully on “sleepers” digital wallets for over than one of the year. If we consider that the final supply of coins should be 21 million, then already now over half Total stock of bitcoins located long term standby.
Number of coins fixed during the year
Hodlers confessed, that they bought crypto coins for $ 9600, $ 11 000 and even $ 18,000 and are not going to sell them. One from the discussion participants noted that investors, invested their money in bitcoins, in the long term they will definitely be returned their investments and even multiply them. In the short term, Bitcoin until does not look attractive asset.
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