{"id":335456,"date":"2017-11-17T20:26:01","date_gmt":"2017-11-17T19:26:01","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/prison-planet-com-as-bitcoin-nears-8000-american-investors-plan-to-hodl-until-it-hits-196000\/"},"modified":"2017-11-17T20:26:01","modified_gmt":"2017-11-17T19:26:01","slug":"prison-planet-com-as-bitcoin-nears-8000-american-investors-plan-to-hodl-until-it-hits-196000","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/prison-planet-com-as-bitcoin-nears-8000-american-investors-plan-to-hodl-until-it-hits-196000\/","title":{"rendered":"Prison Planet.com \u00bb As Bitcoin Nears $8000, American Investors Plan To \u2018HODL\u2019 Until It Hits $196,000"},"content":{"rendered":"
\n

<\/p>\n

Zero Hedge<\/strong><\/a>
Nov 17, 2017<\/p>\n

Overnight saw the price of Bitcoin surge to $7997 following Zimbabwe chaos and defaults in Venezuela, rebounding from \u2018the world is ending\u2019 $5555 last weekend.<\/strong><\/p>\n

\"\"\/<\/a><\/p>\n

However, if American investors are to be believed, the cryptocurrency has a long way to go before they are selling<\/strong>\u2026<\/p>\n

As CoinTelegraph reports<\/em><\/a>, a new survey among Americans indicates that the average investor will not coimpletely exit Bitcoin until its price hits $196,000\u2026<\/p>\n

\"\"\/<\/a><\/p>\n

image courtesy of CoinTelegraph<\/em><\/a><\/p>\n

LendEdu<\/a>\u00a0commissioned a\u00a0survey<\/a>\u00a0in November 2017 of 564 Americans who had invested in Bitcoin.<\/strong> While surveys have been done in the past to gauge the awareness of the general public about Bitcoin, this survey focused on\u00a0American<\/a>\u00a0Bitcoin investors and their sentiments.<\/p>\n

We have come a long way from 2015, when\u00a065%<\/a>\u00a0of Americans surveyed didn\u2019t know what Bitcoin was.<\/strong> The questions asked in the survey ranged from their reasons for investing in Bitcoin to when they would sell all their Bitcoins.<\/p>\n

Sell all your Bitcoin?<\/u><\/strong><\/p>\n

The average\u00a0price<\/a>\u00a0at which the survey respondents said that they will sell all their Bitcoins is $196,166 per Bitcoin. This represents 30x the value of Bitcoin prevailing at the time of the survey.<\/strong> It is to be noted that this is the price at which the respondents will sell all their Bitcoins. Almost a third (32.62%) have sold some of their Bitcoins since they started investing. It is tempting to book profits, given how the price of\u00a0Bitcoin<\/a>\u00a0has rallied in the last year.<\/p>\n

Most of the respondents plan to hold their Bitcoins at least one year, with only 16.49% planning to sell sooner than that.<\/strong> According to the survey, 21% of Bitcoin investors plan to hold on to their coins for at least seven years, and 11.7% say they will hold the currency for 10 years or longer.<\/p>\n

Store of value or speculative investment?<\/u><\/strong><\/p>\n

While pundits debate whether people are investing in Bitcoin because they treat it…<\/p>\n<\/div>\n

Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Zero HedgeNov 17, 2017 Overnight saw the price of Bitcoin surge to $7997 following Zimbabwe chaos and defaults in Venezuela, rebounding from \u2018the world is ending\u2019 $5555 last weekend. However, if American investors are to be believed, the cryptocurrency has a long way to go before they are selling\u2026 As CoinTelegraph reports, a new survey […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-335456","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/335456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=335456"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/335456\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=335456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=335456"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=335456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}