It can be said that it is all about understanding cryptocurrencies in complexity. On the one hand, we have newbies here, who often try to turn the potential profit back into FIAT almost immediately and enjoy the money they earn. On the other hand, there are experienced investors who know that bitcoin did not say the last word and therefore do not hesitate to hodl calmly for years.

Despite the increase in short-term bitcoin trading recorded in January, wallets that have been inactive for at least 3 years are still the dominant group. It seems that, unlike newbies, these hodlers have not sold even in recent months, when bitcoin has been reaching its new highs. According to a survey by Unchained Capital, there was an increase in both short-term and long-term activity in 2021.

Bitcoin wallets, which have been inactive for 3-5 years, are currently the second largest group and make up 13.5% of the total. This number also grew in the current year and it is assumed that the increase is due to investors who bought in 2017 and held to this day, despite the bear market and a large declines. The number of wallets that have not been active for 5-10 years has fallen slightly, but those whose last activity was recorded more than 10 years ago rose from 1.7% two years ago to an incredible 10.7%.

Based on these data, it could be said that the trend is quite clear. More and more crypto investors understand that bitcoin is not just a short-term investment that can make you rich quickly. However, the behavior of newbies is also understandable and, in addition to profitability, probably reflects a weaker level of understanding of cryptocurrencies and bitcoin, which of course, we cannot blame them for.