Wow, new information to save. Who they are that have so many bitcoin sit on their wallets.
Takes time to check each one, and seems as usual activities of wallet such as giver of salary, I don't know.
Right now there are 16M btc and I assume the majority of them are in long term holds but has anyone done any research to try and run the numbers.
I don't think majority of bitcoin traders hold bitcoin for long term, most of them just keep on buying/selling on every price swing to make some profit. But we can assume 1-2% of bitcoin holders are holding bitcoin for long term and are passive traders.
I don't understand the point of daily traders to sell and get some profits instead of saving in your wallet.
I mean if bitcoin price always increases then you should buy in the next time but at higher price.