To HODL or Not to HODL, that's the question...

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I have just read an article about Number of Bitcoin "Hodlers" Reaches New All-Time High Despite Crypto Market Bloodbath and I have to say that it is curious to see how the behavior of these HODLERS has changed compared to previous cycles. It has nothing to do with the precedent times actually.
When the previous bull cycle reached $20,000 as an all-time high, what preceded this event was a drastic reduction in the holdings of BITCOIN HODLERS months before reaching the ATH. Same happened before...

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We have not experienced this moment in this cycle, or perhaps we have done it in a very timid way.
What we are witnessing is something that we have not seen before and that is that more and more people are willing to keep their BITCOINS at rest or to accumulate more.
This phenomenon is visible of course if we follow the Top100 Richest Wallets on BTC.
It is usual norm lately that of the total of these whales only 20% show some type of important activity.

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These last 7 days, the activity has focused once again on buying BTC more than selling in a ratio of 7 to 1... and it must be said that they are also doing it at an incredible price with what we can say that we are in clear accumulation phase more than in a BEAR market... The duration of this period of accumulation seems to be much longer than what was experienced in previous cycles and I also do not see clearly that we are at the bottom of the correction so for the moment, I one to the BITCOIN accumulators club although, to be honest, I have never stopped being one (LoL).

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.

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I don't know about bitcoins, I sold them in 2015 in the amount of 45 pieces))) but now I have hive and I hold !

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well done, may I ask you why you don't have BTC?

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because I sold them and didn't want to buy them expensive, I thought that on altcoins, you can earn faster and more. I bought hive for another 0.2$ and I like it more than btc)

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If you take your eyes away from the price and focus on what's happening with Bitcoin recognition it makes much more sense to HODL than sell. It can go to $20K or probably even lower, but that might as well not happen. It's a risky bet and for whoever doesn't live on crypto money HODLing seems fair enough.

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It's always easy to Hodl when you have other sources of cash inflow. But for us who live off crypto, sometimes, we just have to cut losses.

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I'm holding through the storm without a doubt. Pretty unsure as to where we are headed in the near future, but I think the long-term trend is obvious. I can wait.

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When the previous bull cycle reached $20,000 as an all-time high, what preceded this event was a drastic reduction in the holdings of BITCOIN HODLERS months before reaching the ATH.

It's interesting to see the number of BTC hodlers increase even in the middle of market crises

This is an indication that more people have come to know the potential the technology has in impacting personal finances. Bitcoin is seeing an increasing adoption and recognition. Meaning, the value can only increase in the long-term. Buying the dip is clearly a smart move.

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