Users Who Purchased Bitcoin to Become the Biggest HODlers in 2017, Latest Data Reveals
Cryptocurrency Broker – Ollie
Investors who started their Bitcoin adventure three to five years ago have greater hands than you would expect.
Bitcoin is said to be worth three times as much as it was back in the 2017 bull market, but a number of HODlers from that time did not sell Bitcoin.
New research from Bitcoin financial resources company Unchained Capital reveals that 2017 investors own an exponentially significant volume of BTC supplies.
2017 HODlers are not "bad hands"
As per Unchained HODL Waves table, which rates the supply according to when the coins were last transferred, anyone who purchased three to five years ago are sitting on their purchase. Investors may be unaware of the Bitcoin selling price or are waiting for their Bitcoin investments to further increase in value.
After the collapse in March 2020, when BTC/USD dropped to $3,600, a large percentage of BTC supplies transferring between February 2016 and February 2018 rose from 5.57% to 13.38%.
In other terms, the upswing in price through 2019, all of 2020 and much of 2021 did not make the 2017 Bull Run buyers sell until the multi-year bear market had survived. On the other hand, the five-year to seven-year and seven-year to ten-year crowd has reduced its impact over the past year.
“At the beginning of January, 59% of all bitcoin in the network were sitting for longer than 1 year without moving.” This number did drop 2% (approximately 372,320 BTC) by the end of the month, Unchained reported in an update earlier in the month.
Earlier large Bitcoin transactions from January have also been analysed. Findings show that “It appears 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.”
If you are looking to invest in Cryptocurrency, you can buy BTC and other popular Crypto with BC Bitcoin. Register an account with BC Bitcoin to start investing today.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards