bit and admire the strength of our own convictions that we had when we first started investing. We can see that the Bitcoin market is still alive and well, and that the ones that had the strength to not panic sell back then have been rewarded for their dedication and commitment. As we can see from the chart above, the amount of coins that have been held for over 1 year has increased by 8.2% since the start of the year. This shows us that the majority of Bitcoin holders are not only committed to their investments, but are also confident that the price will eventually go back up again. All of this shows us that there is still a lot of strength in the crypto market, and that the people who are invested in it are still confident in its future. Despite the bear market, there are still people who are willing to hold onto their investments and not panic sell. This is an important lesson for all investors, that we should never give up on our investments and that we should always be confident in the future of the market.
One year ago, the crypto market was engulfed in fear as Bitcoin plummeted from around $48k to under $20k in just a few weeks due to the LUNA scam. Many investors panicked and sold, leading to a crash in the market and causing some to believe that crypto was officially dead. But thankfully, not everyone gave up.
Those with dedication, commitment, and sheer will held onto their coins and have been rewarded for their faith in the market. According to a chart showing Bitcoin supply last active over 1 year, the amount of coins held for over 1 year has increased by 8.2% since the start of 2021, indicating that the majority of Bitcoin holders are confident that the price will eventually go up again.
This shows us that there is still a lot of strength in the crypto market, and that the people who are invested in it are still confident in its future. This is an important lesson for all investors, that we should never give up on our investments and that we should always be confident in the future of the market.
No matter how dire the situation may seem, it is important for investors to remember that crypto is a volatile market and that the only way to succeed is to have the conviction to hold on to their investments and have faith that the market will eventually recover. The people who held onto their coins despite the bear market have been rewarded for their dedication and commitment, proving that crypto can still be a viable asset for long-term investors.