{"id":188605,"date":"2021-02-25T12:45:00","date_gmt":"2021-02-25T09:45:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/people-who-bought-bitcoin-in-2017-becoming-the-strongest-hodlers-new-data-shows\/"},"modified":"2021-02-25T12:45:00","modified_gmt":"2021-02-25T09:45:00","slug":"people-who-bought-bitcoin-in-2017-becoming-the-strongest-hodlers-new-data-shows","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/people-who-bought-bitcoin-in-2017-becoming-the-strongest-hodlers-new-data-shows\/","title":{"rendered":"# People who bought Bitcoin in 2017 becoming the strongest HODLers, new data shows"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40ca3e21771\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40ca3e21771\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/people-who-bought-bitcoin-in-2017-becoming-the-strongest-hodlers-new-data-shows\/#2017_hodlers_are_not_%E2%80%9Cweak_hands%E2%80%9D\" >2017 hodlers are not &#8220;weak hands&#8221;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/people-who-bought-bitcoin-in-2017-becoming-the-strongest-hodlers-new-data-shows\/#10-Year_veterans_hold_tight\" >10-Year veterans hold tight<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># People who bought Bitcoin in 2017 becoming the strongest HODLers, new data shows <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Bitcoin (BTC) may be worth almost three times more than at the height of its 2017 bull run, but a lot of hodlers from that time refuse to sell.<\/p>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/unchained-capital.com\/hodlwaves\/\">latest data<\/a> from Bitcoin financial services firm Unchained Capital shows that 2017 buyers control an increasingly large amount of the BTC supply.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"2017_hodlers_are_not_%E2%80%9Cweak_hands%E2%80%9D\"><\/span>2017 hodlers are not &#8220;weak hands&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to Unchained\u2019s HODL Waves chart, which ranks the supply according to when coins last moved, those who bought three to five years ago are sitting on their investment.<\/p>\n<p>Since the cross-asset crash of March 2020, when BTC\/USD fell to lows of $3,600, the percentage of the BTC supply that last moved between February 2016 and February 2018 increased from 5.57% to 13.38%.<\/p>\n<p>In other words, the uptrend in price during 2019, much of 2020 and all of 2021 has not made 2017 bull run investors sell after surviving the multi-year bear market.<\/p>\n<p>By contrast, the five to seven-year and seven to ten-year hodl crowd has been reducing its presence over the past year.<\/p>\n<p>\u201cAt the beginning of January, 59% of all bitcoin in the network were sitting for longer than 1 year without moving, and by the end of the month, that number dipped to 57%, a decrease of 2% or around roughly 372,320 bitcoin,\u201d Unchained wrote in an <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/unchained-capital5872.activehosted.com\/index.php?action=social&amp;c=183&amp;m=200\">update<\/a> earlier this month. <\/p>\n<blockquote><p>\u201cIt <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears that most of the bitcoin transacted during January was bitcoin sitting for less than 3 years, as the bitcoin resting for 3-5 years actually increased by .8%, totally unperturbed by the price volatility. These are the folks that have been holding ever since the last price spike of $15,500 in January 2018, or from $431 in January of 2016.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/030a8d5f-7926-4ca4-99c4-9192615d49e5.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin HODL Waves chart. Source: Unchained Capital<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"10-Year_veterans_hold_tight\"><\/span>10-Year veterans hold tight<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The data counteracts an informal narrative still found online which claims that Bitcoin breaching $20,000 for the first time since 2017 last year triggered a mass sell-off from investors desperate to exit at parity or with a modest profit.<\/p>\n<p>As Cointelegraph reported, subsequent gains produced limited selling beyond the whale investor crowd, with any price drips aggressively bought up. <\/p>\n<p>HODL Waves likewise confirms that appetite for Bitcoin has not been dented by price rises beyond $30,000, $40,000 and even $50,000. <\/p>\n<p>A separate cohort, those who bought before 2011, is meanwhile similarly responsible for a larger amount of the supply. Since March 15, 2020, their share has increased from 6.85% to 10.24%.<\/p>\n<p>A stash of 100 BTC, untouched since 2010, made its first reappearance on the network this week.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">11 August 2020, dotted blue line, US corporations led by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MSTR<\/a> begin buying <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#bitcoin<\/a> as a treasury asset. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/LEMNzwqQru\">pic.twitter.com\/LEMNzwqQru<\/a><\/p>\n<p>\u2014 Willy Woo (@woonomic) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/woonomic\/status\/1364861615607214080?ref_src=twsrc%5Etfw\">February 25, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Unlike 2016-2018, however, the situation is complicated by the advent of largescale corporate buyers, notably MicroStrategy, which this week announced its latest buy-in, taking its total Bitcoin holdings to over 90,000 BTC.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/people-who-bought-bitcoin-in-2017-becoming-the-strongest-hodlers-new-data-shows\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# People who bought Bitcoin in 2017 becoming the strongest HODLers, new data shows &#8221; Bitcoin (BTC) may be worth almost three times more than at the height of its 2017 bull run, but a lot of hodlers from that time refuse to sell. The latest data from Bitcoin financial services firm Unchained Capital shows&#8230;<\/p>\n","protected":false},"author":1,"featured_media":188606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvOTM0YjBhYjYtNTA4Yy00YzhiLTg1ZjctYjlmMjkzOWVlM2ZmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,76643,74939,73785],"class_list":["post-188605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-hodl","tag-market-analysis","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/188605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=188605"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/188605\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/188606"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=188605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=188605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=188605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}