HODL, which consists of buying and holding assets, is a very common practice in the world of cryptocurrencies. In this context of bear market, more and more investment advisers are talking about it in order to avoid any loss linked to the volatility of bitcoin. To see the recent statistics, these experts have been heard.
62% of holders did not sell bitcoin
According to finbold62% of bitcoin holders chose the “ HODL ” for more than a year. The current market situation would have certainly pushed them to keep their BTC holdings in order to avoid any form of depreciation outside the portfolios.
Also, it was mentioned that 32% of bitcoin investors sold their assets between 1 month and a year. These data being collected on the day of 1er September by TipRanks.
According to these statistics, there is a decrease in the selling pressure of bitcoin at the level of investors. Besides, a hodler worthy of the name knows how to ignore, if not overcome, all of this.
Because doubts often lead an investor to sell at the bottom. Something that Changpeng Zhao (CZ) advised against recently.
They should sail away from the stress of those investors who have decided to keep their bitcoins in their wallet.
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