Investors Target Bitcoin for Long-Term Investment, Here's the Reason!

Bittime - Crypto analyst, James Van Straten, revealed that more and more investors are eyeing Bitcoin for long-term investment.

Why? Read this article to learn more about the reasons and strategies of Bitcoin investors!

Investor Bitcoin for Long Term Investment

Long-term investors, often referred to as "diamond hands," are known to be a more experienced group and have a high resistance to price fluctuations. 

They tend to buy Bitcoin at low prices when the market is down and sell it when the market is at its peak. 

In recent days, the supply of Bitcoin held by long-term holders increased by 0.06%.

Additionally, more than $137 million worth of Bitcoin exited crypto exchanges, indicating that many investors are choosing to “HODL” rather than sell their assets.

Price Trends Bitcoin for Long Term Investment

Van Straten noted Bitcoin price trends in recent months. He highlighted the decline in Bitcoin prices from $70,000 to $49,000 about 155 days ago, which was caused by a Yen carry trade unwind. 

Interestingly, investors who bought Bitcoin at this price have now enjoyed profits of up to 100% on their investment. 

This shows that Bitcoin holders for long-term investments often get better returns than those making short-term trades.

Supply Bitcoin for Long Term Investment 

The supply of Bitcoin held by long-term holders is now starting to grow after hitting bottom. This trend reflects investors' increasing confidence in Bitcoin for long-term investment. 

In the past week, the supply of Bitcoin owned by these investors has shown signs of stable growth. 

This is important, considering Bitcoin's limited supply and deflationary nature are one of the main attractions for long-term investors.

Reasons of Bitcoin for Long Term Investment

There are several reasons why you should hold Bitcoin for long-term investment. First, Bitcoin has a limited supply of only 21 million coins, creating a scarcity that increases its intrinsic value. 

Second, Bitcoin is considered a hedge against inflation due to its decentralized nature and unaffected by government monetary policy. 

Third, the increasingly widespread adoption of Bitcoin in various sectors of the global economy provides greater growth potential in the future.

HODL Strategy Bitcoin for Long Term Investment

Recent data shows that more and more investors are choosing to hold Bitcoin for long-term investment. 

This trend can be seen from the increase in the number of Bitcoins leaving crypto exchanges. This indicates an intention to store these assets in a personal wallet. 

This strategy is usually carried out by investors who believe that the value of Bitcoin will increase over time, especially amidst fluctuating market conditions.

So, bFor those of you who are still hesitant about selling Bitcoin, maybe this is the right time to reconsider your investment strategy. Who knows, the next Bitcoin price could reach an all time high again!

Read Also: Called Vladimir Putin and Jerome Powell, Bitcoin Prices Go Up Immediately!

Bitcoin FAQs

What are Bitcoins?

Bitcoin is the world's first crypto asset and the largest crypto asset by market capitalization. Bitcoin was first created in 2009 by Satoshi Nakamoto, whose true identity until now no one knows.

How many Rupiah is 1 BTC?

Currently, 1 BTC is worth IDR 1,612,424,138 based on the Bittime market. 

1 BTC How Much USD?

Currently, 1 BTC is worth $99,187.20 according to Coinmarketcap. 

How to Buy Crypto with Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Additionally, visit Bittime Blog to get various interesting updates and educational information about the world of crypto. Find trusted articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your knowledge in the world of crypto.

Reference

Agrief Verma, Bitcoin Accumulation By 'Diamond Hands' Could Increase In Days Ahead, Says Analyst: 'BTC Long-Term Holder Supply Has Bottomed Out', accessed January 6, 2024.

coinmarketcap, Coinmarketcap Bitcoin Currency, accessed January 6, 2024.

Author: IPR