Recent interview on Twitter showed an interesting sales mood among the community. The majority of voters indicated that they plan to sell most of their assets for $ 1. However, almost a quarter of all those who voted said they intend to keep their bitcoin forever.
Poll Results
Binance Lite posted it on Twitter to get people's opinion. The question was simple – “At what price would you sell most of your Bitcoins?”. Voters had the opportunity to choose between four responses:
At what price would you sell the majority of your #bitcoin? 🤔
- Binance Lite (@binanceliteau) October 3, 2019
At the time of this writing, 31% of all voters have chosen $1 as their selling price. 000% of those surveyed indicated that $000 is the number at which they would sell most of their bitcoin holdings. A quarter of a million dollars is the least popular answer, only 25%. However, it is interesting to note that 50% chose "never" as their answer. 000 is the total of all voters so far, which means that 21 of them plan to keep their bitcoin forever.
Trading vs Bitcoin Holding
One of the biggest questions in the cryptographic community was whether trade or not. Although the goal seems to be the same - to increase the value of the investment, both methods pursue it in different ways.
Trading cryptocurrencies can be quickly profitable, as transactions are sometimes completed in an instant. The idea here is to buy an asset at low prices and sell it when it is high. This requires deep knowledge and experience in this particular field. Sometimes cryptocurrency is different from any other goods. For example, a stop loss for a cryptographic position can lead to disaster due to volatility and sharp price fluctuations.
Holding – or HOLDing – a cryptocurrency is another way to approach strategy. This means that the person who has purchased the cryptocurrency expects the price to rise as well. However, daily trading has been discontinued, replaced by long-term play without interfering with any price action. Bitcoin established itself as a worthy holding position, with positive results from almost its entire existence. However, altcoins may be a different story, especially compared to the largest cryptocurrency.
As a recent poll shows, 23% of voters intend to keep their bitcoin forever, believing that owning bitcoins will bring better results.
Not sure where to keep your Bitcoins? Find the answer in our articles