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A new poll finds that 72% of bitcoin investors are bullish about the cryptocurrency and will hold onto it even if the price somehow falls to zero. A total of 22,635 votes were gathered for this survey.<\/strong><\/p>\n Twitter user Plan B, known for his stock-to-flow price prediction model, has conducted a Twitter poll to establish when bitcoin investors will sell their BTC<\/a> if the price does not increase. The poll concluded on Saturday and 22,635 votes were counted in total.<\/p>\n “You are probably bullish on bitcoin but what if BTC<\/a> price does not increase sharply next years? When will you sell?” Plan B asked his followers. Among respondents, 72.1% answered that they will hold onto their BTC<\/a> regardless of the price, riding it to $0 if needs be.<\/p>\n The next most popular option was to sell bitcoin when the price falls below $6,000, which 16.2% of respondents chose. Meanwhile, only 5.9% chose to sell when the price falls below $3,000 and 5.8% chose to sell when the price drops below $1,000.<\/p>\n “Super proud that 72% of my followers are hard core hodlers,” Plan B commented on the outcome. “Bitcoin goes to $million+ or to ‘zero’ and we ride it all the way. Vision, conviction and patience is the name of the game. Even if there is only 1% chance of $1 million BTC<\/a>, it is worth it (the option argument).”<\/p>\n Some people volunteered their reasons for hodling BTC<\/a> even if the price spirals downward. “I’m bullish on bitcoin. But even if it goes close to zero, I’ll still hodl or buy more, it’s a non correlated asset (hedge) for all my other investments\/capital,” one Twitter user wrote. Another noted that when bitcoin becomes “the defacto global reserve there is no reason to sell, only to use.”<\/p>\n Some argued that it is “highly unlikely” that the price of bitcoin would not increase while others said they will “buy the dip,” scooping up cheap BTC<\/a> if the price tanks. At the time of this writing, the price of bitcoin stands at $12,251.<\/p>\n<\/p>\n Last month, gold bug Peter Schiff conducted a similar survey. “How much longer does the price of bitcoin have to say below $10,000 before you will throw in the towel and sell?” Schiff asked his followers. Out of 28,168 total votes, 57.5% of respondents chose “I’m taking it to my grave.”<\/p>\n Investors’ faith in the price of bitcoin has been growing as evidenced by two other polls Plan B conducted, one in July and the other in August. In both polls, Plan B asked his followers what they thought the price of bitcoin will reach before December this year. In July, 43% of respondents believed that the price would stay below $55,000, but in August only 30% believe this to be the case. A significantly larger portion of respondents in the August poll believe that the price of bitcoin will reach $288,000.<\/p>\n Meanwhile, a growing number of institutional investors are buying bitcoin. Nasdaq-listed company Microstrategy announced last week that it had purchased<\/a> $250 million worth of bitcoins. Recently, the U.S. Office of the Comptroller of the Currency (OCC) clarified that national banks and federal savings associations are authorized<\/a> to provide custody services to customers.<\/p>\n How far does the price of bitcoin have to fall before you sell? Let us know in the comments section below.<\/strong><\/em><\/p>\n The post 72% of Investors Will Hold Bitcoin Even if Price Falls to $0<\/a> appeared first on Bitcoin News<\/a>.<\/p>\nMost Bitcoin Investors Would Hodl Regardless of the Price<\/h2>\n
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