I think the crypto users have started understanding the potential of Bitcoin and they very well understand, that the current price level is just the beginning of the bull cycle. Probably that's the reason they do not want to caught up in FOMO just yet.

During the last bull cycle, Bitcoin reached upto 69k USD. The current price level is nowhere near it. So there's a lot of room to grow. It doesn't make sense to give up on the hope just yet. Also another halving is imminent.

This is a matter of trust because this trust makes us think further, and have confidence that in the future the price of Bitcoin will be much higher and also more profitable.
And I think that currently many holders think intelligently about Bitcoin and even though it is profitable, they are not satisfied with profits that are only 2x or 3x. Because Bitcoin can provide 5x or even 10x profits if you have the patience and strong belief to do it, because you learn from experience not to be too hasty.
And as we know, we will face the next halving, and this can be said to be the beginning of an even higher rise.

This is not entirely correct.
Let me put it this way, imagine you earn $2 (two 1 dollar bills) but only spend $1 and keep the other. That doesn't mean you didn't spend your money. That means you only spent what you wanted to spend.

In a lot of cases in bitcoin, this is what's happening. For example I own some coins I have not touched ever since 2014, didn't even claim the shitcoin airdrops. That doesn't mean I have never spent or sold my bitcoins. I have other coins too, for example I got some a couple of days ago and if I want to spend/sell some I would spend/sell those not the ones from 2014.

The same. People who have bought bitcoin, do believe in its long term potential but when there is economic hardship they don't have to dump all their stash. They can sell some to cover their costs and keep the rest.

In any case, people are always going to keep more bitcoin than they spend/sell because in the long run the price is guaranteed to rise, this is not just because of bitcoin's potential but also because "price" is measured in fiat terms and fiat is super inflationary thanks to constant printing of it.

I followed that guide before. Back in the 2017 and 2021 peaks and I noticed that if you relied on those graphs you would of sold way too early.

Most likely if we hit ATH those graphs will start to reverse but price can still keep going up. So you can’t really use that as a guide. It’s an interesting observation but not a good technical analysis to trade on.

It is not about believe, I would say but they are actually looking at the profit. The easiest way to get profit from bitcoin is to hold for long time and that’s why the bitcoin in some of these wallets are not moved. I will tell you that even if we enter bull run and get a new bitcoin ATH some wouldn’t sell still. Because the funds used to accumulate the bitcoins are not just funds they need now and that’s why even with the economic problem they still weren’t tempted to sell.

With just 5 months or so left to the halving I doubt we will see much of bitcoin been sold. The only time I am expecting people to sell before bull run is of the ETF gets delayed or postponed again by the SEC because there some few new holders that have short time target believe it will be reach with just ETF approval and should it get delayed then they will pull out

Long term Bitcoin investors are matured hodlers that have plans with timelines. Most of them are not moved by FUD to dispose of their coins. They only sell when the price gets to their targeted price. $37,000 is a good price but I predict that the price of Bitcoin will exceed at least its ATH price, so there is still more ground to cover.

I have not experienced any bitcoin halving but from what I have read so far this one looks unique because it might coincide with the approval of ETF. Most investors are expectant that next year has a better prospect for Bitcoin and this might be why the market didn't react to Binance's sanctions and Changpeng Zhao's guilty plea.

We don't know if most people who own Bitcoin will not sell Bitcoin and still hold it for a long time. But that's different from people who want to make huge profits from Bitcoin. They will sell most of their Bitcoins and keep the rest. They will buy Bitcoin again when there is a big correction after the price reaches its peak price.

If you, for example, have had less than 10 BTC for a long time and held it until the price reached $60k, maybe you would sell 5BTC to convert it into fiat. You can have big profits while you still have BTC left. Meanwhile, you can buy Bitcoin again when the price drops drastically, as we have seen.

Currently, people are waiting for a new ATH of Bitcoin and it is above $60k so they can sell it and get the profits. And they also do the same thing in altcoins that can rise high. They will also buy Bitcoin again if the price drops drastically because that can increase the amount of Bitcoin more than before because they have already made a big profit. Each person will have a plan to sell their Bitcoin or still hold Bitcoin.

This is not a season to sell, we should rather be ready to hodl the more in waiting patiently for the appropriate time when the market becomes more favourable for sell, this is still under accumulation period to hold, we have next year halving coming soon which will followed by bullrun and the market will be more volatile and fast rising, we are all having our targets on the next all time high for the market to serve us an avenue to sell at a profitable time.

I couldn't agree with holding Bitcoin forever but yes, that will totally depend on the holder's view about crypto. They have been held till now for some reason and probably they are certain of their plan. As the years pass by, most of us have learned already that investing in Bitcoin never gives us profit right away and so they are holding even though the surge has come already as they want more.

And the fact that we can't force them to sell, we have nothing to do about it. Anyways, their action will result in something whether it is good or bad but most of the time holders get more money than losing.

Why sell right away if the price is expected to break the current all-time high? We hold Bitcoin with the anticipation of significant returns, so selling when the market is already bullish is not advisable. We aim for a more substantial price pump, akin to what occurred in the past during the bull run. Selling prematurely could result in missed opportunities.

Currently, it's evident that the market is bullish, with Bitcoin hovering around $30ish and potentially breaking $40k soon. Patience is crucial, especially for those who have held their Bitcoin through the deep correction after the 2021 bull run.

The all-time high is around $65k. If we adopt a conservative investment approach, selling at least at $100k per 1 BTC would be a prudent strategy.